Friday, August 31, 2012

Abstract images of landscapes, seascapes, and skyscapes, Bonnie Edelman on ... - Art Daily

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Abstract images of landscapes, seascapes, and skyscapes, Bonnie Edelman on ...

Art Daily


NEW CANAAN, CT.- Heather Gaudio Fine Art, a contemporary art gallery featuring paintings, sculptures, photography, and works on paper presents their latest exhibition, Scapes, photographs by Bonnie Edelman opened August 16th and running through ...



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Wednesday, August 29, 2012

Central Banks come into scene; Market waits Ben and Mario - NASDAQ

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Central Banks come into scene; Market waits Ben and Mario

NASDAQ


FXstreet.com (San Francisco) - Bernanke and Draghi; ECB and the Fed. The both central banks' chiefs are in the eye of the storm, and the place is the so called Jackson Hole. Market has been trading in tight ranges on Wednesday as investors are waiting ...



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Tuesday, August 28, 2012

Declines in furniture orders continue - The Business Journal of the Greater Triad Area:

torbjorntrainer1738.blogspot.com
New orders in March were 17 percent loweer than they had been ayear earlier, reported surve y author Ken Smith. But there’s at leasft a glimmer of hope in that he added. “While nothing to get too excited about, at leasrt the decline fell belowthe 20-plus percentages we have been he said in the Year to date, new orders were 21 percenrt lower than the first quarter of 2008. In shipments of completed orders were off 17 percent from a year the same decline asnew order. The industry continuesz to shed workers, the survey found. Factory employewe counts were 20 percent lower in March than a year and payrolls were off24 percent.
Smitu said based on survey respondents, he believess the economy may be at or near its There have been some encouraging signs of reboundingconsumer confidence, whicj is a positive sign for the furniturwe industry, he said. “Ni one expects the economyg to come back witha roar, but at least if companies can feel they have bottome d out, management can structure the companyu to deal current volume levels,” he

Monday, August 27, 2012

Back from the brink

houston-nearly.blogspot.com
“We could see the writing on the wall,” the Riverwalo resident and Metro councilman says of pointing tothe builder’s unpaid dumpster bill in excess of $100,000, which led the disposalo company to stop pick-ups. Franklin-based Corinthian, sellingb houses as in Bellevue’sd Riverwalk community, filed for Chapter 11 bankruptcy in February and then laterChapter 7. “Alo we can say in Riverwalk is good Mitchell says. He then watched as residents who had recently purchased their Prestige homes started getting lien noticews inthe mail, asking for them to covere Corinthian’s unpaid bills to subcontractors.
Some of thosr residents are still going througbh legal proceedings to get the liens Forseveral months, nothing happened with the homesz and lots as they went throughy the bankruptcy court and the foreclosure “Houses would sit there for months on end, yardzs unkempt, weeds growing high and construction Mitchell says. “Finally the auctions begah and companies could come in a fixthe mess.
” Since that Riverwalk has come alive as builders and investorss have moved in to fix, finish and buil d the homes and lots that were “Residents were unsettled about what was goinf to happen,” says Rob Pease of CPS Land, Riverwalk’s “Once builders started finishing thosee up, there was a big sensee of relief among the residents.” Homeowners saw that the replacementy builders would conform the homes to what had alreaduy been built and were keepingb to the standards of the Pease says. “The new homes certainlty blend in,” he Home sales have been steadyat Riverwalk.
The Multiple Listint Service shows47 homes, new and resales, have sold in the communityh in the past The average sales price of thoser homes, at $222,000, was 7 percent lowetr than the average list of $239,900. Aboutg 21 new homes have sold in the past year at a median priceof $232,000, down from a list price of Resident Heather Thompson pushed a baby strollee through Riverwalk recently. She lives in a house built by Celebration but wasn’t too concerned about the bankruptcy of Corinthian’e subsidiary. “I knew that somebody woulds come in andfinish them,” she says of the lots and half-donse homes that dotted the neighborhoosd after the large builde r went bankrupt.
Her home now backs up to a completeds home, not an unfinished one. The main impact of the bankruptcyy was on recent Prestige who she surmises lost their home warranties when the builderwent “This has come a long way in the past year,” Thompsonj says, pointing to finished homes that used to be two-by-fours and Matt Kuyper says he and his wife, watched as the banks came in quickly and addeed roofs to the homes they now ownerd in the Parkview section of Riverwalk to protecg their investments. The couple was just glad to see the Kuyper says. Norfolk Homes finished the home acrosxs the street from the Kuypera and has it forsale now.
Mitchellp has been working with , which took back a portiob of land in foreclosure near the entrance of Riverwaljk where Corinthian had intendex tobuild townhomes. He says the bank stillo is trying to sell the property to a developer and that he wouldc like tosee single-family homes builtf there. Mitchell says he loves the community and recently moved from one home in Riverwalk to a large r one there to accommodate hisgrowing “Everyone for the most part lovex Riverwalk,” he says.
“We have cookouts in the

Saturday, August 25, 2012

Jury awards Centocor $1.7B in patent case against Abbott - Memphis Business Journal:

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An Abbott spokesman said the companywill Horsham, Pa.-based Centocor, a division of makes the blockbuster rheumatoid arthritis treatment and had sued Abbott over Abbott’d arthritis drug, Humira. Both are so-callefd anti-TNF arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusive licensee ofthe patent, which is co-owned by . Centocor President Kim Taylor said “the jury recognizedc our valuableintellectual property, finding our patent both valid and We will continue to assert intellectuapl property rights for our immunology as they offer significant advances in treatmentf for patients with a numbefr of immune mediated inflammatory diseases.
” Abbottr spokesman Scott E. Stoffel said, “We are disappointed in this and we are confident in the merits of our case and that we will prevaion appeal. “The evidence clearly established that Humira was the firsg ofits kind, fully-human anti-TNF antibody Stoffel said. “JNJ’s anti-TNF antibody medication, Remicade, is partiallgy made from mouse DNA. JNJ did not launch a fully-humabn product until April 2009. In fact, only when Humiraz was nearing its approval in 2002 did JNJ amend the paten t at issue in this litigatiohn to claim that it haddiscovered fully-humahn antibodies in 1994.
JNJ acknowledged at triaol that it did not start working ona fully-humann antibody until 1997 — two years aftedr Abbott discovered Humira and one year after Abbott filed its patent applications for Humira.”

Friday, August 24, 2012

Police raid 'Food Truck Wednesday' in Virginia Highland - Atlanta Journal Constitution (blog)

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Atlanta Journal Constitution (blog)


Police raid 'Food Truck Wednesday' in Virginia Highland

Atlanta Journal Constitution (blog)


Atlanta Police arrived at this week's Food Truck Wednesday in Virginia Highland and issued citations to five different trucks for the lack of proper permits. Bettie Cagle, who organizes of the weekly food truck gathering, stepped awa y from the park for ...



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Thursday, August 23, 2012

SIUE goes to court over failed conference center - Business Courier of Cincinnati:

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Developer William Shaw and couldn’t come up with financinyg for the hotel andconference center, whicyh was to be called the Spring Green Lodgew and located at University SIUE’s research and technology according to university spokesman Gregory Conroy. The first announced in 2004, died in 2007 when a groundx lease between SIU and WLS expired followingv extensions forthe project. SIUE filed a declaratory judgment action Monday inMadison Ill., seeking to have the courf bring legal closure to its hotell conference center project.
If approved, WLS woulcd have to remove all constructio n equipment and materials and removse the building foundation it constructed to compl y with the terms ofthe lease, Conroy That would free up the site, located at Illinoie Route 157 and University Park Drive, to become available for leasee and development, the university University Park currently has 23 tenants representing a numberd of business sectors including agricultural health sciences, design professionals and information technology. The most receny announced addition to the park is the Bloodf Processing Center and NationalTesting Laboratory.
The Americann Red Cross plans to move toa 15-acre site at Universitty Park Drive and South Research Drive and bring more than 500 jobs to the

Tuesday, August 21, 2012

State closes deal to sell $50M in logistics bonds - Business First of Columbus:

exceeding-commissioner.blogspot.com
State Treasurer Kevin Boycee said the bond sale was part ofa $100 millio logistics and infrastructure program earmarked in the $1.57 billiohn jobs-creation stimulus package that Gov. Ted Stricklandf signed last year. Funding is being made availabls to improve and expand logistics and intermodall centers aroundthe state. A step forward for the statre stimulus package came with helpfrom Congress’ $787 billion stimulus legislation. Boyce said the states estimates saving morethan $2 milliob by issuing the debt underd the Build America Bond program.
That stimulus-created progran allows state and local governments to issue taxabld bonds for capital projects and receivde a federal subsidy payment from the for a portioj ofborrowing costs. The government has said advantages come in the form of cost savingw and a broader rangeof investors. Boycs said the $50 million bond sale is the firsty time the state has used the Build AmericaBondws program.

Monday, August 20, 2012

Criticizing judges may be banned in Russia - RT

coras-newport.blogspot.com


RT


Criticizing judges may be banned in Russia

RT


A deputy from the majority United Russia party has come up with an idea to ban “non-professional” criticism of judges. The move follows stern public rebuke of the Pussy Riot punk-band trial and the guilty verdict. It has become common practice “to ...



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Saturday, August 18, 2012

Week in review - South Florida Business Journal:

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That leaves one NCL cruisr ship remainingin Hawaii, the Pride of America. Prided of Aloha will begin serviced this summerfor . Colin Veitch, presidenft and CEO of the Miami-based cruiser company, said the overall price leveol in the Hawaii market hasbeen "driveb down" by the expansion of less-expensive, foreign-flagged ships based on the West Coast. ADM to close Miami plant, lay off 60 said it is closinggits Miami-Dade County plant, leaving 60 people out of work. Ill.-based ADM said it is closing the Sunlight Foods facility at3300 N.W. 112tnh St., in Miami, becausw of unfavorable market conditions.
The Florida Internationao Bankers Association and Florid a International University have partnered tooffer anti-money laundering certification for the financial sector. Coursees are ongoing, with the next AML certification course offereed justbefore FIBA's Annual AML Compliancwe Conference in February. Mount Sinai Medical Center said it has receivesd full accreditation from the Joint Commission forthreed years. It said accreditatiomn indicates a hospital meets high performance standardzs in keyfunctional areas, such as patienft rights, patient treatment and infection control. Brian F. Spector, formerly of the Kenny P.A.
law firm, has established an alternatives disputeresolution practice. Spector is certified as a mediator by the Florida Supreme Court andthe U.S. District Court for the Southern Districtof Florida. Spector's Web site is Corak Gables-based Lopez Levi, P.A., a public accounting has merged with local firms AndresTriay Jr., CPA, P.A. and Michaell Krissel, CPA, P.A. as part of a strategi move to expand its breadth of services and complemengt its existing expertise particularlhy in the areas of litigation suppor and internationaltax practice. Dream said its board of directora has authorized the repurchase of upto $1 millioh worth of common stock.
Effectiver immediately, the Plantation-based memorabiliaq company said the buyback will be fundedr using itsworking capital. As of Feb. 7, Dreamds (AMEX: DRJ) had about 37.5 million shares of common stockm outstanding. The company said it will retire all shareds that it purchases to authorizedand un-issue stock, increasing the percentage ownership of all existinb shareholders. The , a Massachusetts-baseds hospitality management company, said it will open a businese office in Fort Lauderdale to expanf its services inSoutheast Florida, Orland and surrounding areas. The company will focuzs on providing complete management services for smallto mid-sizw hotel properties.
has chosen , a Hollywood-based, full-service advertisingt agency, to be agency of record for its Nortyh American advertising andmarketing efforts. Spain-basec Vital Dent Dentistry has more than 20 locationas in Florida and New and nearly 400 locations worldwide. Fort Lauderdale-based DMNI said Stuart-basedx named its partner, Electronic Business to head Waterblasting's expansion to the Asia-Pacifix region. The Pompano Beach branch of said it will transport 49 uniqur fineart pieces, worthb $500,000, from Miami Beach to Sotheby'z Auction House in New York on Feb. 12. , a wholly ownedc subsidiary of , has openedr a new clinic at 4010 SW 137th in Miami.
It is open Mondat through Friday, 8 a.m. to 7:30 and Saturday and Sunday, 9:30 a.m. to 5 p.m. Deerfieldx Beach-based said Tae Kwon Do & Martiao Arts Studio signed a leasre fora 3,038-square-foot space at 11528 State Road 84. Luckey's Managemen said it will begin construction this month ona five-story, 122-room Suites at 10990 Marks Way, in Phase V of the Miramadr Park of Commerce. The Hampton Inn & Suites is to be the firsyt hotel withinthe park. Plantation-based has been retained by Pompanio Beach-based structural and civil engineering firm DeRose Design Consultant to redesignits new, fully integratedr Web site.
has contracted for half the capacity of the expansionn ofa natural-gas pipeline, the said. FGT said a subsidiary of Juno Beach-basefd utility (NYSE: FPL), has agreed to become the anchor shipper of a proposefd natural gas pipeline expansion project througha 25-year service agreemeny for 400 million cubivc feet of capacity a day. FGT will now seek regulatoryy approval to buildthe $2 billion which would provide about 800 millionn cubic feet of increased natural gas capacituy a day into Florida. High Ridge Apartments in Boynton Beach has soldfor $4.2 said , which represented the original developer. 2861 Southb Seacrest Blvd. LLC bought the 64-unit complex from Barbarz S. Bodzo.
Built in thre e phases, the complex is made up of eighr buildings, with eight unitss in each building. It is located closer to Interstate 95 andFederal Highway, at 2861 S. Seacrestr Blvd. Boca Raton-based said Cannery Casino Resorts in Las Vegass has selected its Lodging Management System propert management system to streamline operations at threeeproperties - Cannery Casino Hotel and East Side Cannery, both in Las and The Meadows Racetrack and Casino in The West Palm Beach office of Terry'es Electric completed $2.5 milliohn of electrical work at Palm Beachj Community College's new two-story, 90,240-square-foot Bio-Science Buildin g at 3160 PGA Blvd., in Palm Beach Gardens.
Construction was the genera l contractor. Richard Hujber, former immigration attorney/adviser to the Miam Immigration Court and the Boarxd ofImmigration Appeals, has opened a law office at 703 W. Boynton Beach Blvd., in Boynton Beach. Hujber and his staff speak flueny Spanish, Hungarian and Portuguese. Boca Raton-basedx Mobilesource Corp is now offering a new C2 TASERpersonal protection. Manufactured by TASER International, it allowsd the user to disable someons from up to 15feet away, and penetrateas up to two inches of clothing. Novembef Sloane Marketing Consultants has added two newclients - , in Palm and Greendoor Developers, in Baja Californiaq Sur, Mexico. on Feb.
7 announced an agreementy that calls for franchisee Covelli Enterprises dba Flapa LLC to open 10new bakery-cafes in Palm Beacjh and Broward counties. In a separate agreement, Flapan acquiredr 16 existing Panera Bread locations in Palm Beacy and Broward counties from franchiseer Flapan LLC is owned by Sam Covell ofCovelli Enterprises, whic h currently operates 132 Panera Breade locations in Florida, Ohio, Pennsylvania and West Virginia. Oceaj Land Financing has retainedCoconut Grove-basedc as interior designer for the four-sta oceanfront Hilton hotel it is currentlt developing in Pompano Beach.

Friday, August 17, 2012

Colorado is more than mountains - bizjournals:

jaqezuweg.blogspot.com
But during the two recessions that have hit tourism leaders have watched people get more frugal withtravep dollars, and learned a little about their habits. One of theire key notations is that those who come even in the badtimews — or those who wander across their own statw to save money rather than leave it are looking for more than just scenery to make theif vacations memorable. And so, new phrases have permeatefd both the thinking of thosee leaders and the promotional material thatextols Colorado’s virtuesz to travelers. They are terms such as culturalp heritage, culinary tourism, and beer and wine tourism.
They’re makinb a big mark and starting to diversifythe state’ s tourism landscape. “In the early if it didn’t involve snow or whitewater, it wasn’tf really tourism,” said Doug executive director ofthe . “Now the Tourisn Office is involving all kinds ofotherd tourism, such as heritage tourism and agritouris m ... Most people just think abouyt coming to Coloradoto ski. They don’gt usually think about coming to Colorado to visir a winery or have a culinary But thatis changing.
” According to the 2007 Longwoodss Visitor Profile Study commissioned by the , more peoplse still come to the Centennial State searchinhg for the outdoors than anything else. Mountain are the prime attraction, accordinyg to 44 percent of those surveyed. Wilderness, lakesa and the natural environment all ranked in thetop 10. But smal l towns, historic towns and historic areas — all hallmarkws of cultural heritagetourismn — ranked in the top eighy as well. Nearly three timezs as many people visiy breweries in Colorado as elsewhere in theUnited States, and archaeological-site and historic-culture activities also outpacs the national norm, the studuy noted.
As such, state officials who flew recentlyto Dallas, Houston and Los Angeles to talk to travel writer s led the discussions with then shifted to otherr highlights, said Kim McNulty, Colorado Tourism Office (CTO). Pitching the stat now involves mentioning its 73 wineries and 99craft breweries, its myriad festivals and its three-year push to establishu cultural heritage tours in different areaz of Colorado, she said. The CTO and also push the nonrecreationak side of Colorado tourism as it reachea out both to residents and nonresidents to tourthe state. Both groups have set up websitesw advertising deals at places ranging from historic homews tolocal cafes.
“I think it’s easier to promote the McNulty said of the diversitof attractions. “Colorado has so many things to do, from a lower-budget-conscioue type of vacation to a more luxurioud typeof vacation.” Travelers’ new interests have led to side For example, two wine tour companies have begu operating in Denver. Groups also have begun that organizw “voluntourism” trips that bring people either into or out of Coloradlo to spend vacations helping environmental and sociaplwelfare causes. The growth of choices also has meant that tourismn officials are advertising Colorado in new place s to try to hookspecific travelers.
Jayne Buck, vice president of tourisj forVisit Denver, said the locaol convention and visitors bureau is reaching out more to Hispanifc travelers, and to gay and lesbian travelers, both viewed as growing tourist segments. Its pitcnh isn’t any different to these groupw than to the populationat large, but cities that make an effort to speak to those groups in publications aimed at them have had she said. A booming cultura heritage or wineindustry doesn’tr just benefit the proprietors of establishment that fit into thoses categories, noted Bob Witham, co-owner of in Grans Junction.
Those who come to the state to see one type of site also have to eat in sleep in hotels and probably visit other destinations while they areout here, he and otherx said. “A business like ours make s quite an impact on an individual Witham said. At a time when many businesses and governmentsx are cutting back drasticallyon spending, tourism promotion in Colorado has been nicked only After a lengthy debate over whether to cut tax dollar s going to a program that will brinh in more tax revenues, the Legislature this year cut only 25 percentt of the CTO marketing budget, leaving it at $15.y million, McNulty noted.
With that budget, the office can continue giving grante to develop cultural heritage she said. And it can continuee to employ new marketing techniques to reach people who just as much like to sip a locall y made syrah while sauntering through the Snow Goose Festival as those who come here to schusx downthe slopes. “Wde are blessed to live in a statwe that literally has something for everyone,” McNulty said.

Thursday, August 16, 2012

German Economy Minister says he expects Greece to implement reforms - Washington Post

stages-paddocks.blogspot.com


euronews


German Economy Minister says he expects Greece to implement reforms

Washington Post


The comments come as Europe's leaders await the report by inspectors from the so-c »

Tuesday, August 14, 2012

Economy crimps back-to-school spending plans - The Business Journal of Milwaukee:

stelauguqdinec.blogspot.com
The Washington, D.C.-based trade group’s 2009 Back to School Consumeer Intentions and Actions Surveu found that the average familg with students ingrades K-12 is expected to spenrd $548.72 on school merchandise in 2009 compared with $594.24r in 2008. Total back to school spendinf is expected toreach $17.42 billion. The survey, conductedr for the federationby BIGresearch, foundf that 85 percent of Americans are changing their back-to-schooll spending plans because of the Fifty-six percent said they would hunt for sales more 49 percent planned to spend less 41 percent expect to purchase more store brand or generic products and 40 percenyt are planning to increase theirr use of coupons.
The survey also foune that families are alteringv broader educational plans for children because ofthe economy. Elevejn percent of respondents said theird children will cut back on extracurriculadr activities or sports and nearly 6 percent say that the economy is impacting whether their children will attend a privater orpublic school. “The economy has clearly changed the spending habits ofAmerican families, which will likely create a difficult back-to-school season for said National Retail federation CEO Tracy Mullin.
“Aes people focus primarily on price, strong promotionas and deep discounts will ultimately winover back-to-school shoppers this The survey predicted that spending in most back-to-schook categories would decrease, with the exception of electronics where spending on computer equipment and otherf gear is expected to increase 11 percent to $167.84. Familiews are expected to spend an averagrof $204.67 on clothing and accessories, $93.59 on and $82.62 on school supplies.

Monday, August 13, 2012

How to Increase Your Social Security Checks - U.S. News & World Report

ysynut.wordpress.com


U.S. News & World Report


How to Increase Your Social Security Checks

U.S. News & World Report


... News · Health · Education · Science · Travel · Cars · Law · U.S. News Home · Personal Finance · Retirement · Careers · Business & Economy · Funds · Home > Money > Retirement Planning, News, and Advice > How to Increase Your Social Security Checks ...


FACT CHECK: Social Security adds to budget deficit

Atlanta Journal Constitution


Social Security surplus dwarfed by future deficit

KIMT



 »

Sunday, August 12, 2012

Hurricane Ike aid to Texas reaches $1 billion - Houston Business Journal:

haygoodfoafyga1359.blogspot.com
The provided the funds to the stater and affected local communities through its Public Assistance Grant The federal governmentspent $1 billion evacuating operating shelters and cleaning up millions of cubic yardas of debris. Hurricane Ike hit Texas Sept. 13, 2008, causingb some Southeast Texas residents to flee to safer regions to escapethe storm. The federal aid also went toward repairinvg roadsand bridges, public buildings, and park and recreational areas. “Texanzs have worked incredibly hard to get their communitiez up and running sinc e thestorm hit,” said Brad Harris, FEMA’s federal coordinating officet for the Hurricane Ike recovery program.
Some of the biggerf ticket items paid for through FEMA fundainclude $103 million to the in Galveston to remove repair buildings and replace equipment at the medicall school, $35 million to the for restoratioh work and $10 millioj to the Trinity Bay Conservation District for debrixs removal. FEMA is the agency withihn the that is responsible for coordinatingvthe U.S. emergency responswe to natural disasters and actsof

Friday, August 10, 2012

Famous Dave's director leaves to become Boston Market CEO - Minneapolis / St. Paul Business Journal:

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Arras — who has been CEO since 2007 when investmentr firm ofBoca Raton, Fla., bought the Golden-basee chain from McDonald’s Corp. — has resigned “to pursue othefr interests,” the company said in a Cardwell assumes the CEO position The company described Cardwell asa 30-yeare restaurant industry veteran. He served for several monthsx earlier this year as interim CEO of Famous Dave’s. The Eden Prairie, Minn.-based barbecues chain said Friday that Cardwelp has resigned from its boardof directors.
Cardwelol formerly served as chief administrative officerr and then CEOof Dallas-basexd Eatzi’s Market and Bakery, a unit of Brinked International, and was an executive with S&A Restaurant Corp. He has been on severakl corporate boards, including those of P.F. Chang’s China Taco Bueno, Fishbowl Marketing and Order “I am enthusiastic about joining Boston Markert and believe the company has stron g potential to expand its market position inthe fast-casuao category by offering our customers an even better Cardwell said in a statement “I look forward to workingg closely with Boston Market’s management and associatee to achieve this goal.
” McDonald’s boughg the previously independent Boston Market formerly known as Boston Chicken — in paying $173.5 million. The company was founded in Massachusett in 1985 and moved to Goldenin 1994. Bostoh Market says it has 530 location s in28 states.

Thursday, August 9, 2012

Orlando Business Journal: Business Events Calendar

firukendu-anchored.blogspot.com
List event sponsor(s) here. (Example American Company Inc., USA Businessx Ltd.) Use this area to give a precisre location ofyour event. (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the start time for yourevent 9a.m. - 12p.m.) List any charge for your event. Please note if there is no (Example: $9 for members, $35 for Choose a category that describesyour event. Fill out one or more of the fielde to the left to provide readers with a way to contact your organizatioj to register for your Please give us your phoneand e-mail address wherwe we can contact you in the event of questionsw about your event listings. This information will not appeard onthe website.
This information will only be used to contactg you foradministrative purposes. bizjournals.com reserves the right to removew listings if it is determined they are offensive or not relevant tothe bizjournals.con or of "community interest" to our users.

Tuesday, August 7, 2012

Ten banks allowed to repay TARP funds - Phoenix Business Journal:

viktorsejbgif.blogspot.com
The Treasury Department did not name the 10 but said they were beinfg approved for early repayment of the federal bailour funds under the Troubled Assert ReliefProgram (TARP) because the so-called stress tests performed by the governmentf revealed they were healthy enough to pay back the The department said the institutions have met the requirementd for repayment established by federal bankingf supervisors.
It noted that many banks recentl have raised equity capital from private investorzs and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financiakl repair, but we still have work to Treasury Secretary Tim Geithner More than 600 banks received a totalp of nearly $200 billion through the department’s Capitak Purchase Program. About $2 billion of this money was paid back Underthe program, banks that repay their preferred stocik can repurchase the warrantz that the Treasury Department holds. Besidees the proceeds from the sales of the the department also hasreceived $4.
5 billiobn in dividend payments from program Proceeds from the repayments to go the Treasury Department’zs general fund. They can be used to reducre the national debt and can servew as a cushion in case the department needz to respond to financial emergencies in the thedepartment said. The list of 10 banks was not publicly but many of the banks confirmed separatelyt in press releases that they receiveds approval to buy back preferred shares sold to thefederak government, including two banks with sizable Milwaukee-are presences: (NYSE: USB) and J.P. Morgan Chase JPM). U.S. Bank was cleared to repay $6.
6 billionn in TARP funds and Chase was approvefd to repayall $25 billiojn in TARP funds it received. Locally baser banks that received TARP funds include and of of Menomonee Falls andin Brookfield. the Milwaukee-area's largest bank, was not among the list of 10 bankss approved to repay its TARP according tomedia reports. M&jI said in May that it began to sell stocko in a sale that could raiswe as muchas $350 million in proceeds, part of whicg the bank said it may use to repay a portionh of the $1.7 billion capital infusiojn it received in November 2008 under TARP if approvecd by regulators.

Monday, August 6, 2012

Signs show Tampa market unfriendly to Lightning - Houston Business Journal:

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The Tampa market, which has been home to the teamsincde 1992, exhibits five of 10 possible dangere signs that could affect its existenced according to a study conducted by sistee publication Business First of Buffalo . Many of the teama that could be in danger if the was to ever to considet contracting arein non-traditional hockey markets such as the soutu and the west, areas the NHL has expanded to in recentg years.
“Before doing any study — just puttinh in my two cents — I would have said it has been a Ted Rechtshaffen, president and chief executivew officer of in Toronto, “Now, after doing the putting the numbers together, I can say it has been a There are a number of aread plaguing the Lightning, the study said, including the placemen of potential fans’ personal income as well as 2008-09 attendancee in the bottom one-third of the entire NHL.
The Lightning’s venue, , was below 90 percent capacity on average duringt the mostrecent season, whilre the financial value of the as estimated by , has droppedd at least 50 percent beloaw the NHL median during the past Of course, the Lightning’s othef big problem is its location southh of the 38th parallel, considered the southerhn border of the traditional hockey market. Other teams on the list are scattered throughout areas withwarmedr climates, led by the , which exhibigt eight of the 10 danger signs including low franchisd value, low net income and competitioh with the . in Miami are righ t behind with most of the same issues as followed by the andthe .
The only northernm team to be listed among the top five threatenedx teams isthe , whicjh is generally suffering from a region with lower population and lowe income for its residents. “This is not a happy thing by any Rechtshaffen said. “Buffalo is a great hockeyh market. There are lots of hockeyy fans there. The problem is, those hockeuy fans don’t have enough moneyu to spend on tickets.” The NHL has not made any indicatiomn that it would contract from 30 however of the four majotr professional sports leagues in the United the NHL has the smallest fan base and the lowesrt level of televisionrevenue packages.
The league remains extremelty popular in Canada where six of the 30 teameare based. Plus, hockey fans are consideredf to be more affluent than theother sports, according to a 2004 study by the . “Aws a business, I think the NHL needs to Rechtshaffen said. “But if the possibilitg remains of moving teams and generatingmore money, the NHL obviously would prefer to move

Sunday, August 5, 2012

PSC plans to appeal ruling against Aquila's power plant - Kansas City Business Journal:

vanbeekdulejos1771.blogspot.com
And Jeff Davis, chairman of the , is none too happyu about it. On March 11, the PSC voted 4-0, with one to appeal a ruling fromthe . Judgde Ronald Hollinger's opinion held that the PSC exceeded its authority by approving the plant aftetr itwas built. "I don'y think the judges in theirf ivory tower understand that time is Davis said. "The fact is now we are heading into the summed heating season in just a few and I may need that powerr plant to prevent rolling blackouts in the suburban KansasdCity area.
"If we have them, I hope Judgr Hollinger is willing to get on the treadmilkl and go generate some electricity because I sure may need The PSC's vote to appeal came one week after the three-judged appeals court panel's unanimous ruling. The decisiohn could force Aquila to tear downthe 315-megawatgt gas-fired plant. Commissioner Robert Clayton, who along with former Commissionefr Steve Gaw voted againstthe PSC's originall order on May 23, abstained on the March 11 decision. "uI did not support the original Clayton said. "We are given a job to do, and we take the factsz and lawbefore us, and we rendefr a decision. I disagree with what the majorit y decidedto do.
" In appealinbg the court's decision, the PSC will ask either for a in which a new set of judges from the panep of 11 will preside, or for a transfeer of the case to the Missourki Supreme Court. Davis said he expectsw the PSC to file the motion the week ofMarchh 17. If the case makes it to the Supreme Court, Davis predicted that it could drag on for as much as a Kansas City-based Aquila and the PSC had argued befor e the appeals court that two sectionsz of the statute governing the PSC allowed for approving the plant after its construction. The courtr rejected both arguments.
In 2005, 200 neighboring residentxs of the South Harper power plant successfullt sued Peculiar tohalt building. Despite the controversy, Aquila forgex ahead with construction. Davis said the area needsa the electricity but emphasized that he does notcondone Aquila'sw behavior. "It's a difficult issue because Aquila does not deservd to be rewarded fortheir conduct," Davias said. "They botched this thintg terribly.
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Friday, August 3, 2012

Nortel Networks to sell stake in joint venture with LG Electronics - Silicon Valley / San Jose Business Journal:

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Brampton, Ontario-based Nortel said (Pink Sheets: NRTLQ) LG-Nortekl is a profitable, standalonew business that has not filed forcreditor protection. However, accordingg the company's latest financial results, the joint venture's revenue in the firsft quarter fellby two-thirds, to $188 from last year as a majot contract came to an end. LG-Nortel recorded $341 millio in revenue minus expenses in2008 – a margin of 27 Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000o employees in the Raleigh-Durhajm area, owns 50 percent, plus one share, of The company did not say how much it hopedc to be paid for its stakein LG-Nortel.
"LG-Nortel is a successfukl business with an accomplishedleadershil team, a culture of innovation, a dedicatefd employee base and a drive to succeed," said Mike Nortel’s president and CEO. "As we work to evaluatr the ultimate path forward for all of our this decision willallow LG-Nortel to embarik on the next phase of its journey and realizs its full potential." Nortel says it will file a motiobn asking the Ontario Superior Court of Justice to approvew a sale process that has been agreed to with LG Electronicss and that appoints to help find a LG Electronics and the Ontario court also must give theif OK for any sale of Nortel’s stake in LG-Nortel.
Norte l in Canada and the United Stateson Jan. 14, a day befor the company was to makea $107 million interest paymeng on part of Nortel’s more than $1 billiob in debt. he Canadian court has sinced granted Nortel to come up with a satisfactoryyreorganization plan. Speculation has focused on Nortel selling offone – – of its two biggest business units to improvde its balance sheet, but no deal has yet been reached. A one-timse cornerstone of Research Trianglr Parkwith 9,000 Raleigh-Durham employees at its Nortel saw its fortunes go downhill when the technology bubble burst in 2000 and demanf steadily dried up from phone companies for Nortel’s products.
The company also ran into troublwe with an accounting scandal that led to and the resignationes ofthe company’s top executives, includin then-CEO Frank Dunn.

Thursday, August 2, 2012

Michael Irvin sued over "Fourth and Long" reality show - Denver Business Journal:

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Jordan Bealmear of Thermal, and Shannon Clark and Christopher Harding, both of Ky., allege Michael Irvin’s reality show “Fourth and is their idea with anew name. The plaintiffs in a lawsuitg filed in Dallas County accuse Irvinof fraud, fraux by nondisclosure, breach of contract and unjust Larry Friedman, Michael Irvin's attorney, told the Dallads Business Journal Wednesday that the lawsuit is completely bogusw and without merit.
Friedman said Irvin met with the plaintiffs, and they had no businesws cards, no company, no stationery and workex outside the industry without substantial Friedman added that a lot of peopl e in the entertainment industry were throwing the same show concepgt around and Michael had the concept and was lookingv fora producer. When askedd who called the initial meeting betweenbthe parties, Friedman said he didn't know who invited who to the meeting.
In the attorney for the plaintiffs, Mark Taylor of told the DBJ that the issure is not whether the idea for the show was but whether Michael agreed to enterd into a deal and then reneged on the terms of the The plaintiffs in the lawsuit say they developed the concepy behindthe show, which they were calling "Gut s to Glory" and ended up in contact with Irvinm and his representatives to invite Irvin to be the show'a host. The plaintiffs offered a deal in whicb Irvin and his agent woule receive 25 percent of the proceedd and the plaintiffs would receive75 percent.
They late struck a deal in which Irvin would take 75 percenf of the aggregate executiveproducinvg fee, while the plaintiffs would share the remaining 25 percengt and that adaptions of the show for otherr sports would involve a 50-50 split, according to the During the negotiation process, the threed say Irvin was provided with marketing including a story board, to presentr to Dallas Cowboys executives and Dallas Cowboyes Coach Jerry Jones with the intengt of getting the team involved. In the lawsuit, the plaintiff s say they were escorted out of aMarch 10, deal signing meeting at the Dallasz law offices of Friedman & Fiegler LLP in which Larry Friedman was present.
Their attorney, Larry Kopeikin, was attendinyg the meeting via aconferencwe call. When they were brought back intothe meeting, the plaintiffw were told that Irvin would have to reviesw the deal memo before signing. Days later, they learnede that Irvin would only agreed toa 95-5 percent split with Irvin takin a 95 percent cut, and five days after that Irvinm sent an e-mail to Clark stating that he had neved used the storyboard in his presentation to according to the The three individuals who planned to produce the show are suingf Irvin claiming in their suit that Irvim “through his agents, representatives, and/or employees, made false and material misrepresentations to plaintiffs concerningb his agreement to the termes of the deal including the 75-25 percent split.
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Wednesday, August 1, 2012

Solar thermal plant slated for Santa Teresa - Philadelphia Business Journal:

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The project also involves , a producedr of modular, scalable solar thermal powe r plants. Concentrating solar power plants use mirrors to reflect and concentratd sunlight onto receivers that convert it to The heat can then be used to producs steam to drive a turbine andproducew electricity. New Mexico Gov. Bill Richardson said the projectt will helpmake “New Mexico’s renewablr energy potential a reality.” “With 300 days of sun every year, a highly skilled labord force and a friendly business environment, New Mexico is well positioneds to lead the nation in soladr energy production,” Richardson said. NRG Energgy (NYSE: NRG) is a Princeton, N.J.
,-based companyu whose power plants have a generatingb capacity of morethan 24,000 megawatts, enough to power more than 20 millio n homes. El Paso Electric (NYSE:EE) provides power to 363,000 retail and wholesale customers ina 10,000-square-mils area in the Rio Grande valley in West Texaa and southern New Mexico.