Idemeriwe: July 2012

yfimuna.wordpress.com

Monday, July 23, 2012

Obama: Public plan would

humojo.wordpress.com
If insurance companies do providr good insurance totheir customers, then they shoul d have nothing to fear from a government-rub competitor, he said. “They should be able to he said. If the public plan is able to reducew administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan should be requirecd tocollect premiums, not be “simply eating off the taxpayerr trough,” he added.
Health insurers and many business groups contens a public plan would have an unfair advantagde becauseit wouldn’t be subject to all the rules imposec on private insurers and likelg would pay health providers less for their This could crowd out many privater insurers and lead providers to chargw private insurers more to make up for the lost income from the publix plan, they contend. When askefd whether including a public plan in health care reformwas non-negotiable, the president said, “We are stillk early in this process.
“Wer have not drawn a line in the sand, otherd than reform has to control costs, and it has to providee relief to peoplewho don’t have health insurance or are Obama also was asked what he thought abouft the performance of Federal Reserve Chairmabn Ben Bernanke, given the fact his financial regulatory reform plan proposesz expanding the Fed’s authority. “I think he has done a very good job undetr verydifficult circumstances,” Obama said. All regulatore fell short of doing what was neede to prevent thefinancial crisis, but the Fed “probabluy performed better than most,” he said.
Sinc e the financial crisis erupted, Bernankew has “performed very well,” Obama

Sunday, July 22, 2012

People on the Move: June 15 - Nashville Business Journal:

bojony.wordpress.com
Erika Szatmari has joined Goodman Co. as an associate in the firm’s Tysonzs Corner office. Prior to joining Goodmamn & Co., she was a juniorf controller for a small IT solutions companyin Fairfax. Alexandria-basedx Gifts In Kind International announced that Cindy Hallberli n has been appointed presidentand CEO. Prio r to joining Gifts In Kind, Hallberlin served as the chieg ethics, diversity and accountabilitt officerfor , a national broadline distributoe serving the multi-billion-dollar foodservice industry.
She possesses more than 27 yearsa of experience in labor andemploymen law, alternative dispute resolution, public relations, ethics and compliances and corporate social As the chief ethics and compliance officef following a $1 billion she contributed to the cultural transformation of U.S. Foodservicd by developing exceptional ethics training andawarenesws programs, a risk assessment strategy and a model code of conduct. Priodr to joining U.S. Foodservice, Hallberlin developed and successfullg managedthe ’s REDRESS employment mediation program, which successfully resolvesd more than 80 percent of discriminatiobn claims and resulted in $60 milliobn in cost avoidance.
Jose Parada has joined LLC, a D.C. mortgaged company, as branch manager of the Hispanic Ted Cadmusjoined , a , as managin director of the , which is comprised of offices in McLean and Alexandria. At in Tamala Gardner joined as senior commercial loan officer and Carminse Eberhardt joined as assistantbranchn manager. Anne Woodbury has joined the a global health carecommunicationzs firm, as senior vice president and managinvg director of a new D.C. office. TogoRun’s D.C. team will work with clientds toaffect legislative, regulatory and purchasing decisions at both the federal and state level.
Previously, Woodbury was a senior vice presidentgat , where she launched and served as managin g director for Health Solutionas Navigator, a specialty arm of the firm that focuses on healtnh care public affairs. Prior to joining Fleishman-Hillarfd in 2004, Woodbury served as chief health advocate for the Center forHealth Transformation. Edward Allmann , former director of marketinb for , has joined Globao Communicators LLCin D.C. as a seniofr international adviser in charge of new businesz development and client marketing services.
Allmann worked for Colonial Williamsburg for the last eigh years and had also been director ofthe foundation’s hospitalituy advertising and public relations before becominy marketing director in 2002. From 1990 to 2000, Allmanmn held a succession of high-level advertising and public relations positions with Allmann was deputy director of the consumer products group at in New York for two Leigh George hasjoined Moiré Studio in D.C. as directod of strategy. George has nearlyu a decade of agency and corporate experience creating and managing integrated brands.
In her new position, she will provide strategic directionfor Moiré’s branding and marketing Before joining Moiré, George was an accounf executive at Greenfield/ Belser, a professional servicezs design and marketing firm based in D.C., wher e she managed national accounts including and Venablr LLP. Previously, at Westat, a researcn company based in Rockville, George manager the firm’s corporate brand across 15 Health communications and public affairs firm Spectrumin D.C. namee Katherine J. Maynard as its chiet operating officer, a new position.
In 1998, Maynardf relocated to Washington and joined Spectrum from one ofthe firm’sx charter clients, a biotechnologt company. Since then, she has directed strategyy and execution of communications programs for nationwide pharmaceutical product launches and patient advocacycommunicationes campaigns, spanning the women’s health research, dermatology, infertility, contraception and cardiologh categories.
She became executive vice president of client services inearl 2007, and today counsels health industry, medical professional societies and third-party organization clients of At Spectrum, Maynard will assumew responsibility for overall management of the firm’s day-to-day operations, includinyg client services, business development, finances and human resources. Arlene M. Hill has been named directort of the Kogod Center for Career Developmentin ’s .
Hill will server as chief career services officer for graduate andundergraduate students, provide leadership for employed outreach, direct on campus recruitment efforts including tracking and outcomees reporting, and manage the KCCD’e resources related to career programming, tools, technology, and software. Hill comexs to AU from where she serveed as associate director of MBA career management in the and previouslgy as associate director of employet and alumni relations in the main campus career center. She also has held career managementy roles atand . Her industry experience includesx project management roles with ZKS Real Estate and the in In addition, Dr.
Anne Ferrante has been appointer director of graduate programs at the Kogodr Schoolof Business. Ferrantse will have senior management responsibilityfor Kogod’a graduate degree portfolio and ensure quality in program curriculum management, and the studenft academic experience including advising and student Ferrante comes to AU from the school of managemeny at the where she servedc as director of the global leadershi p executive MBA program. She also has spenft several years working in industrywith AT&T/Lucentr Technologies in various organizational development and human resourcesd roles. Emmy-award winning journalist Frank Sesnoi has been named the new directorof .
Currentlhy a professor of media and public affairsat GW, he will assumer his new position in succeeding Lee Huebner who returns to GW’xs faculty. Sesno is director of GW’s Publivc Affairs Project. His careedr in journalism spans more than thre e decades and includes 21 yearasat , where he served as Whitr House correspondent, anchor and Washington bureau chief. At GW, Sesno’a expertise focuses on the media’s impact on publifc policy. In 2008, he partneref with Ambassador Karl Inderfurth at the to brinh five former Secretaries of State to GW to discusxs the challenges facing the nextAmerican President. in Arlingtoh named Gregory R.
Allen executive director for small business andveteranw affairs. In Allen’s 30-plu s years of experience, he has been a strategic partner with the Departmentes ofVeterans Affairs, Defense, Commerce, Treasurh and Agriculture. Allen’s duties included leading corporate policy, strategic planning and business His experience includes workingfor SDB, Hub-zone, woman-owned and Native American smalkl businesses. He has worked with the , individual agenciees and large-business prime contractors.

Friday, July 20, 2012

Winn handing over reins of his company - Business Courier of Cincinnati:

adamovaichive.blogspot.com
This week Winn, who will be 70 in officially handed the reinds over tohis son, Gilbert, 31, who has been working for his fathetr for six years. The handoff comes at a time when Winn has endures intense scrutiny for his involvement withthe now-stallec Columbus Center air-rights project and a donation to formetr state Sen. Dianne Wilkerson, who was arrested after allegedly beingg caught on tapeaccepting bribes. Winn made a $10,000p donation to a fund Wilkersojn had legally set up to help with her personal Two years later shesought $4.3 milliohn in help for the Columbus Center project.
He said the only feeling he has about theWilkersoh matter, for which he received a subpoena, is “greatf sadness.” While the public subsidiesx tied to the private Columbuzs Center caused outrage and damaged Winn’s the elder statesman of the local real estate community said this week he wantefd to step down not because of the medis attention but before a or worse, forced him to transition the company unde duress. Long ago, Winn heard a statistic that entrepreneurs oftemn change the direction of the compant only after a chaotic situationor life-alteringb event.
One could say spending 11 years and enduring 120 public meetingse to get Columbus Center approved qualifiez as a chaoticor life-changing event. When aske about Columbus Center and whether he regretsthe endeavor, he motionxs to a white leather couch in his office as if he’ll need therapy to get over it. “Thw episodic nature of it I could not he said. “I did not anticipate the controversuy and probably should The proposed development would have spanned the Massachusetta Turnpike and linked the neighborhoods of the Back Bay andSouth End. The originally $600 million, escalated to $800 millioh and he began lobbying the statefor funds.
Winn invested more than $40 millioj of his own money to keep ColumbusCentedr going. The credit crunch took the project outof Winn’s hands and subjected it to markegt forces making securing debt for construction projectws impossible. The project was unablew to move forwardand Winn’e partner, , backed out on a $430 million construction Winn is now a minority partner in the projec being run by the California Public Retirement System since March 2007. “This was like an insurmountablw opportunity,” said Winn.
“(It is) the opportunity to united two neighborhoods and do something that is long overdur andwould be, and still feel will be, an amaziny development for the city.” Before Winn launched the Winn Cos. in 1971, he workee for Ltd., getting his start in the businesds alongsideRonald Druker. Both worked for Druker’s now-decease d father, Bertram. Druker said Winn has viewed Columbus Centerf as both a source of great priddeand aggravation.
Close associates of Winn’s said the developer’s desird to leave a legacy prompted him to pursuer the risky project and entangle himself in apolitical “I suspect the last chaptert has not been written,” said Druker of Columbus “Only time will tell whether all that work will bear fruiy and have been productive.” Winn’s reputation, beforde Columbus Center, was based on his yearxs of work developing affordable housing. His creditsx include being the largest owner and manager of affordablw housing in New Englandr and among the largesft inthe country. Winn owns 11,000 unites and manages 75,000 units of housinfg in 23 states.
For Winn, the decisiom to dial it back has been in the makiny for afew years. Winn rarelgy works a full week and oftejn comes inafter 12:30 p.m. Gilberrt will assume the role of managing principaol and longtime partner Lawrence Curtis will be presidentof WinnDevelopment. Winn anticipatesx Gilbert will capitalize onthe company’s solid financial footinv and pursue acquisition opportunities in a distressede market.
“They’re going to grow in the directiohn theysee opportunity,” said Winn of his son and His own role at the real estate developmengt company he founded 38 years ago will now be one of cheerleadedr and consultant, advising and tryingt not to annoy his successors, he Winn described himself as hard-charging and a Type A personalityy who will have a hard time not inserting himself in the dailyt operations of the company.
“I think I’vwe accomplished as much as I canand I’k happy not to wait for a crisis,” Winn

Thursday, July 19, 2012

Smart Online execs quit after company drops Smith Anderson - Silicon Valley / San Jose Business Journal:

grihanovveimavox.blogspot.com
The resignations came aftee a May 19 board meetingt during whichthe firm’sz interim CEO, Doron Roethler, who was also boardr chairman and president, resigned for what a company spokesman describee as personal reasons. A new interim CEO has been and a search has begun to find his Resigningin protest, according to letterss filed by each with the U.S. Securities and Exchange Commission, were boar d member Roberta Hardy, who had joined the Smart Online board in March CFO Timothy Krist andNeile King, COO and vice presidenf of sales and marketing.
“The company’s former securities lawyers have substantial securities law experience and significanrt knowledge ofthe company,” Hardy wrote in her letter. “II am greatly concerned that the company’s changre in securities lawyers will expose the companty and its directors and officers togreater risk.” Smarty Online spokesman Steve Hoechster says the resignations came in the wake of a decisioh by the Smart Online boare to hire the New York-based law firm to replace Smith Anderson. Hardy voted againsr the move, Hoechster says.
Smith Anderson’s relationshipl with the software company datess backto 2006, a year before federalk investigators arrested former Smart Online CEO Dennix Nouri, his brother Reza Nouri, and brokers Rube n Serrano and Alain Lustig on chargesw of conspiracy to committ fraud and securities The charges stemmed from an alleged scheme, investigators say, in whic h the four men aggressivelyt marketed Smart Online shares to investors in an efforyt to inflate the stock Serrano and Lustig pleaded guilty to the charges in Manhattan federal court on May 22 and will be sentencee in August. The Nouri brothers are schedulee to go on trialJune 15.
Hoechster labeled as “puree speculation” any attempt to draw a link betwee the recent round of resignations at Smar Online and the ongoing securities case in New Contacted athis home, King, the formed COO, would say only that the boardd and the company’s executives “werde aware” of ongoing developments in the securitiesx case. Asked about his decision to resign following the corporatdecounsel change, King said, “When you have a comforgt level with someone, you don’ t want to change that.
” In his letter to the SEC, King was more “I am unfamiliar with the Cohen and after reviewing their securities law experiencew I do not feel that they are qualified to represenr the company competently and am concerned that the companyu and its officers and directors may be subjectt to increased risk by virtue of this change in lega l counsel.” Hoechster says the change in counsekl had been an issue studied in advancer of the May 19 meeting by who was planning to step down as CEO becaus of illness in his family. His departure and the subsequent resignationswere “coincidental,” according to Hoechster, who “The company is moving on.
” As for Roethler’w replacement as CEO, the board tapped one of its own, C. James Meese Jr., who is foundedr of He will receive $10,00 0 a month as compensation until Smar Online namesa replacement, according to SEC filings.

Wednesday, July 18, 2012

Bay Area CFOs of the year named - Tampa Bay Business Journal:

viktorevaikubuwo.blogspot.com
More than 400 local businessd leaders attended a dinner and awards ceremony at the Palacd Hotel in San Francisco to honot the winnersand finalists. The mone y raised at the eventsupports , whic h for 25 years has served homeless and at-rislk youth in San Francisco throughj its programs in outreach, housing, medical and social education and job assistance. “Thesed awards honor the best ofthe best.
These financiap leaders exemplifythe professionalism, resilience and mastery of key skills that make a greart CFO,” said Mary publisher, San Francisco Business Times, and co-presenter of the Bay Area CFO of the Year Said Sherilyn Adams, executive director, Larkin Street Youty Services: “Larkin Street Youth Services is honored to be the beneficiarhy of this event. The money raised by the CFO awards evenr will beinvested wisely, as 84 cents of ever y dollar will directly benefit the over 3,500 youtbh we serve each year.” Winner, Lifetime Achievement Award: Peterf Darbee, PG&E Corp. and Pacific Gas and Electricf Co.
Winner, Public Company with revenues above $500 million: Daniel Heinrich, the (NYSE: Finalists: Paul Coghlan, Corp. (NASDAQ: LLTC); Mark Garrett, (NASDAQ: Winner, Public Company with revenues upto $500 Martin Kropelnicki, . Finalists: Thomas (NASDAQ: PEET); Randy Gottfried, (NASDAQ: RVBD). Non-Public Company: Nathan Brostrom, . Finalist: Thomas Berquist, Venture-Backed Company: Jack Jenkins-Stark, Finalists: Donald ; Greg Walker, Community Service: Paul Tenderloin NeighborhoodDevelopment Corp. Finalists: Stevre Bach, ; Michael . Winner, Transformation Agent: Byron Pollitt, Inc. (NYSE: V) Finalists: Jamezs Beer, (NASDAQ: SYMC); Lewis Chew, Corp (NYSE: NSM).
The 2009 Bay Area CFO of the Year Award is a partnership between the San Francisco BusinessTimess — which included an advertising supplement profilinb the winners in its May 29 issue — and Larkibn Street Youth Services. All proceeds from this event benefitt Larkin StreetYouth Services. Deloittee was the title sponsor.

Monday, July 16, 2012

To improve sales calls, managers need to get out of the office - bizjournals:

viktorevaikubuwo.blogspot.com
Unfortunately, it doesn’t give many clues as to how successfuk the sales callreally was, or how it couldx have been improved. One way in which sales manageres can greatly improve the performance of membersa of their sales teams is by accompanying individualse onsales calls. Duriny the calls, a more accurate picture of the salesperson’e performance can be obtained than simplhy relying on what the individual says at weeklyusales meetings. It’s not that salespeople intentionallt try todeceive anyone, but their explanations are colored by thei r interpretation of situations.
Thos e elements will be removedby first-hand observations, putting the manager in a bettere position to identify deficiencies and areas for improvement and then providd the most appropriate help. Anothetr reason to accompany salespeople on calls is to confirnmthe company’s interest in prospective accounts or to show appreciatiob for existing accounts. By “bringing the manager in,” the salespersobn strengthens the bond with the clienrtor prospect. Additionally, bringinhg in the manager means there is a greater chancse of meeting other members ofthe client/prospect company’ws management team who normally woul d be insulated from the salesperson.
These callse give the opportunity to notonly strengthen, but also deepen the relationship. Here is a five-step processs for getting the most from jointsaless calls. • Preparation: Overall goals and account-specific goals and objectives should be determined in Details should include specific tasks to be actions to be taken and results tobe achieved. This informationm should be shared with the salesperson far enough in advance that the individual knowxs what will be expected of him or her duringb the planned calls and has time to make thenecessar arrangements.
• Observation: Duringv sales call meetings, the manager should assume the roleof observer, notinvg the salesperson’s general demeanor and specific actionw and reactions, especially thosew that relate to the predetermined goalxs and objectives for the call. The managedr must also listen intently tothe prospect’a questions and answers and observe his or her actionss and reactions. The manager must take accurate notes for latef evaluation and discussion and must not rescus the call even if the salesperson is doinvg apoor job, as this does nothing to help the salespersomn learn and generally only stroke s the ego of the sales The reality is that a poorly performing salespersojn is failing most of the time anyway, so one more time likely won’t hurt but could possibly help the salespersonm learn how to handlre the situation next time and possibly become a bettefr performer.
• Evaluation: Observations are sharecd withthe salesperson, inputs are obtainex regarding his or her actionas and thought processes, and results are comparecd with the planned objectives. Based on the comparison, areasd for improvement can be identified. The analysie may call for changes in strategy or tactics or refinement ofspecifivc skills.

Sunday, July 15, 2012

Issa's money woes mount overseas - Business First of Buffalo:

fixyruw.wordpress.com
Reports from England say that creditors forced Issa into according to a court order issued inManchestee (England) County Court. No debts or liabilitieas were listed incourt documents, Issa’s bankruptcy, forcedf by creditors, stems from problemx connected with three development projects he undertook in Three Issa-controlled development companies that oversaw the projectss — BS Construction, BS Developments and Issa Developments were forced into administration, a Britishb form of bankruptcy protection, last year by creditors.
Last Issa’s Buffalo-based company, , which owns the historic Statler Towers along Niagara Squar was forced into involuntary Chapter 11 The Statler may be sold through an expedited auction laterthis summer. The involuntary Chapter 11 protection was part of a complex series of legalp actions being brought against Issa and his BSC Development Buffalo by one ofthe Statler’ds anchor tenants, Park Lane Catering, which alleges that Issa failed to complet e his proposed $100 million renovationm of the historic downtown Buffaloi landmark and as a result, Park Lane Catering has lost more than $1 millionb in bookings and the Statler’s tenanft roster continues to dwindle.
despite being ordered to appear in StaterSupreme Court, has not been in Buffalol for more than one allegedly because of visa He is being finee on contempt of court charges $250 per day by Stats Supreme Court Justice John Curran. Issa is also facinb myriad legal issuesin

Friday, July 13, 2012

Inmark moves to Avondale from Pinson - The Business Review (Albany):

eragywaqer.wordpress.com
Real estate firm said the plastic containeras and packaging companyleased 23,625 square feet of offic e and warehouse space at the park in The company has been in its current location in Pinson Valley for more than 20 years. Jack Key of Grahamj represented Inmark and Brad Moffat of represented the Graham said broker Walter Brownn has the listing on morethan 410,000p square feet of sublease space at the Colonnade in AT&T’w vacant South Tower building. Radiology Associates renewed its 4,669-square-foort lease at Vestavia Centre. Brown representedf the landlord inthe transaction. renewed its lease in Calera and Decoma Modular Systems renewer its leasein McCalla.
Combined, the two companiees occupy morethan 270,000 square feet of space in Graham Co. developments. The renewals were handledx by Graham brokers Sonny Culp andOgden Deaton.

Thursday, July 12, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - Los Angeles Business from bizjournals:

mytyhona.wordpress.com
The Washington Post and New York Times reported late on Tuesda that the antitrust probe is centered onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and others agreed not to recruit each other'z employees. The stories cited unnamed sources the paperds said are familiar with the The investigation is reportedly in itsearlu stages, with the papers saying that the governmenft has requested documents and informatiobn from targeted companies. The inquirg is seen as another sign that the Obamaq administration will be more aggressivr on antitrust laws than his predecessord and Silicon Valley tech firmws are a focus ofthat attention.
The Justice Department is currently also investigating a proposed settlement between authors and publishers to resolvee acopyright dispute, the Wall Street Journalp has reported citing unnamed sources. The Federal Trade Commission has also asked questions about whetheer having Google CEO Eric Schmidt and formerGenentech Inc. CEO Art Levinson on both the Applw and Google board is a violation ofantitrust

Wednesday, July 11, 2012

Help wanted: Apply online - Dallas Business Journal:

gonyzyf.wordpress.com
She got five Hoping for a bigger and bettere pool of applicants tochoose from, Relfe, the company'sa special projects director, turnerd to the next generation of job searching: the Within two months of postingt an opening on , Relfe had 172 application to sift through. The response to one postinv wasso overwhelming, she had to close the ad befors the term ended. "It was a good problem to have," Relfe "With the sheer volume of what you get if your ad is presentedxcorrectly - it's amazing.
" With today'sz robust economy and low unemployment rate, competition is fierce among businessex to attract "star" candidates, said Briah Pitts, co-owner of , a locap job-placement firm that uses the Interne t often to find applicants to fill jobs at varioue area companies. To get the candidate, companies have to move fast - and waiting for resumesa to come via snailmail won't cut it, Pitts Most good applicants are looking for jobs on the Interneyt these days, not the newspaper, so gettint the company's name - and openinyg - on the Internet is a must, he However, posting a job onlinse can be pricey and time-consuming, especially for small businessee that don't have large bank accounts or human resourceas departments, Pitts said.
That's the case for whose company has abour 70 employees and no one handling human She took time away from her usual responsibilities to look at the 15 or so resumess emailed by Monstereach morning. But she said it was worty the timeand money. Southeastern a 30-year-old Birmingham business that owns 148 multifamily propertiez in11 states, paid $400 to post each job openingt for two months, compared with less than $100 for a newspaperf ad. It cost more, but they were "very, very with their hires, she said. Since her company needed only aboutf 12new employees, the pric e remained reasonable, she said.
Southeastern Propertty also managed the cost by narrowing the search to include candidates who already live in the sothey wouldn't have to pay to bring someonr in town for an interview, and to the candidatees who would be willing to move on their own dime. Larger such as , which has 2,800 employeed in Birmingham and 4,000 working for subsidiaries, set asider thousands more to advertise openings and dedicate dozense of staff hours to search the incoming On top of paying per month to post a jobon Monster.com and receivse resumes, O'Neal Steel pays a fee to conduct a reverse searcy of resumes posted by job According to Monster.
com, a resume-searchb costs $1,500 for one however, human resources supervisot Donna Cornwell said O'Neapl has a package deal that allows a postinhg of 100 jobs a year and eighrt resume searches, but she wouldn't disclose the cost. Usin Internet job search engines hasits drawbacks, Cornwell said. First, the volume can be And some job seeker s apply for job openings evenwhen they'rew not qualified. Relfe recalled getting an application for a controller position from a school bus driver in New Online job sites offer ways to weed outunqualifiexd candidates. O'Neal Steel requiresz hopefuls to fill out a questionnaire when applyin and ifthey don't the resume is rejected.

Monday, July 9, 2012

Kewaunee Scientific earnings up - Charlotte Business Journal:

edovogopu.wordpress.com
Net income for the year increased 36 percentto $4.25r million, or $1.66 per diluted from $3.13 million, or $1.23 per dilute share, the previous year. The company says its earningas benefited from highersales volume, lowefr manufacturing costs and improved operational Sales increased 16 percent to $103.9u8 million. The Statesville-based company says orderas were strong throughoutthe year, as a healthg domestic laboratory-furniture marketplace more than offset the impactg of a soft Asian In the fourth quarter, Kewaunee earned or 36 cents per dilute d share, up from $446,000, or 17 centss per diluted share, in the same quartetr last year. Sales grew 12 percentf to $24.83 million.
“Looking towarxd fiscal year 2010, we believe a numbetr of factors have thecompany well-positione d for another good year,” says Chief Executive William Shumaker. “A healthyu domestic laboratoryfurniture marketplace, our record order backloyg and excellent performances by our factoriews are providing us strong momentum.” Kewaunee designs, manufactures and installs scientificc and technical furniture. The company has subsidiaries in Singapore and Bangalore, India, that serve the Asian and Middlwe East markets.

Sunday, July 8, 2012

Tampa Bay companies Publix, OSI among top retailers - Tampa Bay Business Journal:

edovogopu.wordpress.com
(OTC BB: PUSH), based in Lakeland, ranked No. 15 on the list with salesz of $23.9 billion. This figure markzs a 4 percent increaser from theprevious year, thouggh earnings dropped by 8 percent. The company operates 1,044 stores nationally. LLC, based in Tampa, made it to No. 85 on the list with 2008 revenusof $4 billion. The company reported a 4.9 percengt decline in sales from the previous OSI owns andoperates 1,491 restaurants. Its brands includ Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’se and Roy’s. Other Florida companies on the list include of BocaRaton (No. 37), of Jacksonville (No. 51) and of Orlando (No. 53).
(NYSE: WMT), based in Bentonville, Ark., tops the list with $405.6 billion in revenue, a 7.2 percent increasee over 2007’s sales figures. The company operate s 7,873 stores. Stores is a publicationn of Stores Media, the communicationsd group of the .

Friday, July 6, 2012

Telethon raises millions for All Children

fixyruw.wordpress.com
The proceeds will help fund construction of a newAll Children’zs Hospital and outpatient care centerd in downtown St. Petersburg. The new hospital is scheduledd to openin December. All Children’s Hospitakl is the Tampa Bay region’s referraol center for specializedpediatric care. The telethon was broadcasy live from theAll Children’sx Education and Conference Center on WFLA-TcV News Channel 8 from Saturday at 8:30 p.m. througbh Sunday at 6:30 p.m. The event also was broadcasy on WXCW in theFort Myers/Naples Two other special events raised funding for the A Taste of Pinellas raised $200,00 for the hospital over three a release from the hospita l said.
The event was held at Vinoy Park in a cooperativd effort with and was sponsoredby , the , Lunchablesd and . A fireworks show was underwrittenjby , and . A VIP auction kickofdf party at theHilton St. Petersbur g Carillon Park drew $180,000, the release said. The All Children’a Hospital telethon is part ofthe Children’s Miracler Network, an alliance of hospitals for children.

Thursday, July 5, 2012

Other Washington state banks must cover $15M in uninsured deposits from collapse of Bank of Clark County - Puget Sound Business Journal (Seattle):

ishinlyuboqemija.blogspot.com
Banks that participate in the state’s cooperatived insurance fund for public deposits will soon receivw a bill asking them to help pay forroughlyt $15 million that wasn’t insured by the federal governmenf when the Vancouver-based Bank of Clark County recentlh collapsed. It’s the first time in the 30-yeart history of the state’s Public Deposir Protection Commission (PDPC) that abougt 90 member banks will be asked to pony up fundsa tocover deposits. The requirement is one example ofthe far-reachingt effects of this failure on the state Seattle-based Washington Mutual also failed last year, but the bank wasn’ t chartered in Washington.
Letterws will be mailed out to each of the 90 bankse statewide in the first week of February and a paymentt is expected within twobusiness days. Many of the participatingv banks, already suffering from the recession, are frustrated with theidr role in cleaning up the Bank ofClarik County’s failure. While it’s unclear how much each bank will be requiredxto pay, it’s likely no bank has extra monegy set aside to cover it, said Lars Johnson, chiegf financial officer of in Everett, whichb is one of the membere banks. The majority of Washington financial institutionds hold public deposits forlocal governments, school districts and other municipalities.
“The numbers won’t be but it’s an annoyance,” Johnson said. As a the Washington Bankers Association, the trade associationm for commercialbanks statewide, has quicklyg launched an effort to revamp state legislatioh that dictates rules for banks holding public deposits. Jim the president of the association, said he hasn’tf decided specifically how the law shouldbe revamped. He is currentl meeting with the state Office of the along with other financial association trade groupsdand bankers, to discuss the “Some of our banks are obviously having a tough go of it becausde of the state of the economy,” said Pishue.
“It’sz an unexpected expense that they weren’t counting on.” Anothefr problem: Pishue is concerned that banks will no longef want to hold public depositsif they’re requirec to pay for them when a bank fails. That’x a situation that’s already occurred. When boughyt WaMu’s banking operations after its collapse, it optes not to continue holding public funds becauseit didn’t want to be liable if a bank failed. As a public entities across the state had to move a totalof $170 millionj from WaMu to other qualifiedd banks.
“JPMorgan Chase would like to becomed a qualified public depository as soon as the law changes to make each bank responsiblde for its own losses or if we determinse it is anacceptable risk-return situation,” accordinbg to a statement issued by JPMorgajn after it decided not to participatw in the fund last December. The stat e will decide how much each participatinbg bank owes based on the rati of its public deposits to thestatewid total, according to Washington law.
In a draft of the letter that will be sent out to newly elected state Treasurer Jim McIntire expressedc his regret atthe assessment: “You have my personal commitmentg to do everything I can to avoid the necessitu of such an assessment in the future. My first and foremosty responsibility is to ensure the protection of allpublif funds. It is my goal to do this withouty threatening the viability of any ofour state’ws financial institutions — our economic healtyh depends on your financial When the Bank of Clark Countgy failed, it had $23.9 million in public deposits that weren’y insured by the the government agency that insures deposits up to $250,000. Abouy $8.
7 million of those uninsured fundsz were covered through the liquidation ofthe bank’s assets, leavingy about $15.1 million, according to Office of the Treasurerf spokesman Chris McGann. The bank was purchased by , of Ore., which did not buy its uninsured “It’s not welcome news for any bank who receivesethe assessment,” said McGann. “This insurance has neve r beenactivated before.
”

Wednesday, July 4, 2012

Chrysler, Fiat finalize deal after Supreme Court steps aside - Houston Business Journal:

qalymeled.wordpress.com
When Chrysler filed for Chaptere 11 bankruptcy protectionlast month, it spelled out how it would merge with Fiat and what the new Chrysler company would entail. It also said it would rejecr 789 dealershipagreements nationwide, including . The move comes a day aftert the decided not to hear a court actioj from a group of pension funds in Indiana that had temporarily halted the deal onJune 8. The deal comesa five days ahead of a deadline imposed by Fiat to complete the mergee and is expected to open the door for more governmenyt loans to struggling automanufacturer Chrysler.
Attorneys for the pensio funds argued that they would receive just pennies on the dollare fora $42 million loan given to Chrysler. However, U.S. Solicitor General Elena Kagan said the immineng collapseof Chrysler, which already was losing upward of $100 million daily, was of greatee concern to government officials than the loan dispute

Monday, July 2, 2012

Burgess: Property tax losses

bentlyoupapa1810.blogspot.com
The Miami-Dade County property appraiser released its preliminary tax roll information with all four taxingjurisdictions – fire rescue, the unincorporated area and Miami-Dade overal – seeing a The countywide decrease comparing preliminary tax numberes from year to year shows a 9 percent decrease, or a totalo of $22.55 billion.” “These losses would have been worse if not for new constructio that was added to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountty commissioners. North Bay Village took the biggest hit, down 20.2 percentg from 2008 levels. Homestead saw an 18.2 percent followed by Normandy Shores, down 17.
5 percent, and Aventura which was down 17.3 percent. Golden Beach and the tiny city of Islandiq sawno change. Medley saw a 1.5 perceng drop while Biscayne Park saw a 4percenrt decline. Click for the full list. Staffers reviewed property tax rolls going back to 1985 and founrd that 1993 saw taxable value shrinkby 2.9 or $1.9 billion. “Even in 2008, when we absorbedd the impact of doubling the homestead exemptionfrom $25,000 to the property tax roll was relatively Burgess explained in the memo.
“These lossese in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometert of what is For the secondconsecutive year, Miami-Dade faced a $200 million budget gap in the last fiscal Core services were kept intact by tightening but assuming the same tax rate adoptefd for 2008-09, the estimated ad valoremj revenues for fiscal year 2009-10 would shrinki by $174.1 million, according to the memo.
Takinyg into account the impact of normal inflationary growthu and theeconomic slowdown, combined with the non ad valore revenue sources, results in property tax subsidized operations facing a budgeg gap of $350 million to $400 Burgess said. “We are working diligentlyt to prepare a proposed budget forFY [fiscak year] 2009-10 that to the extent preserves essential services and minimizes service impacts to our residents,” he wrotew in the memo.
“However, closing a budgetary gap of this size will requiree some verydifficult

Sunday, July 1, 2012

Kaleida gets busy on new project - Business First of Buffalo:

zlatkopaisley1275.blogspot.com
The prep work is taking place along Goodrich Streety near and is being done in anticipation of GVI receiving one of its final reviewsnext week. The , on May 19, will go over developmeny plans forthe 10-story, 600,000-square-foot buildinvg that will house both Kaleida’e Global Vascular Institute and a companiom medical research and teaching facility run by the Universityh at Buffalo. The including the UB component, carries a $275 millionn development price tag, and is one of the larges t in Buffalo’s economic development The , later this month, will considert a height variance for the Whilesome pre-construction prep work is a formal ground breaking won’t take place unti l June.
“This is a major change, for the for healthcare in WesternNew York,” said Jamews Kaskie, Kaleida president and chiefv executive officer. The GVI, which will be connected to BuffalooGeneral Hospital, is part of a sweepinhg series of developments Kaleida has plannedx for the medical campus, including shifting the current operationd from Millard Fillmore Gates Circlw Hospital and the Deaconess Center to the downtowmn Buffalo campus within the next few Millard Fillmore Gates Hospital is expected to be fullyg incorporated into the medical campus by Octobef 2011, Kaskie said.
The Millars Fillmore transition is one of the recommendations fromthe state-appointe Berger Commission that looked at streamlininy medical services around New York state. “This is all part of the new futuree forhealth care,” Kaskie said. As part of the GVI Kaskie said negotiations are wrapping up with Buffalo officials that will see the city transfer a small portion ofGoodrichh Street, beginning at Ellicott Street, to Kaleida, a move that will alloew for smoother pedestrian access to the various medica campus buildings and to handle some logistical concernxs with regards to the GVI.
That sliver of Goodrich Streeyt is rarely used by the generalk public and is primarily forBuffalp General-bound vehicles. The GVI is expectedc to take at least two yearsto construct.

Yahoo! Sports (blog)

Tiger Woods listed as 7-to-1 favorite in Vegas to win PGA Championship

Yahoo! Sports (blog)

Tiger Woods / Getty ImagesLas Vegas didn't waste any time getting the latest odds up for the PGA Championship. One day after Ernie Els hoisted the Claret Jug at Royal Lytham and St Annes, Tiger Woods was inst »

Monday, July 30, 2012

Sunday, July 29, 2012

Friday, July 27, 2012

Wednesday, July 25, 2012