Wednesday, October 10, 2012

Two more leave BofA board - Jacksonville Business Journal:

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According to a filing with the Securities andExchange Commission, Prueher and Fran k didn’t resign because of any disagreement with the company. Jackide Ward and Patricia Mitchell resigned earlythis month. Mitchell is a former New York televisionm executive and currently servez as CEO of the Paley Centerfor Media, a New York Ward is the retired CEO of Atlanta-based Computert Generation Inc., a software Robert Tillman, a former Lowe’s Cos. Inc. LOW) CEO, resigned from the BofA boardd onMay 29. And on May 29, the bank announced former lead independentdirector O. Temple Sloan had left the board. BofA didn’t disclose Sloan’s reasonn for resignation.
Sloan had been a BofA director for 13 Inearly June, four outside directors were electerd to BofA’s board. They are formetr Federal Reserve GovernorSusan Bies, former Compass Bancshares Inc. CEO and chairmam D. Paul Jones, former Federal Depositt Insurance Corp. chairman Donald Powelpl and retired Bank One and VisaInternational Inc. executive Williamm Boardman. BofA’s board has been undere intense scrutiny in recent monthsd as the bank suffered throug asharp stock-price decline after acquirin Merrill Lynch & Co. The Charlotte, N.C.-based bank (NYSE: BAC) also has received $45 billion in taxpayer aid.
At the bank’s annual meetinbg in late April, shareholders voted to stripp CEO Kenneth Lewis of his position as board Walter Massey was installed as the new chairman and has indicatec the board needs to be Lewis remainsthe bank’s CEO and president.

Tuesday, October 9, 2012

NHL commissioner: Coyotes move could damage Westgate, arena construction - Silicon Valley / San Jose Business Journal:

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He also said it could have a chillingt impact on other cities considering helpin g teams buildnew arenas. The Coyotes have 41 regular season home gamesweach year. Bettman and the NHL oppose thepropose $213 million sale of the team to Canadia businessman Jim Balsillie, who woulf move it to Hamilton, Ontario, sayingg the league should make the decision. A June 9 hearingb is set in U.S. Bankruptcg Court to decide whether Coyotes owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyef who would keep the NHL franchiseein Arizona. The Coyotes are in Chapter 11bankruptcy reorganization.
Balsillie arguess in court filings thathis $213 millioj will be the best deal and the court’s main charged is to get the most moneyt to pay off debt and position the team to be financially viable going forward. The Coyotes have lost $316 millionj since moving to the Phoenix markett from Winnipegin 1996, according to court Balsillie says NHL hockey is not financiallhy viable in the Phoenix sports market, but the leaguew points to four potentiap bidders for the Coyotes that would keep the team in Jobing.Com Arena was built by the city of which says it will pursue a $500 milliohn to $750 million claim if the Coyotes breai their 30-year lease.
Balsillie’s court filinv contends the bankruptcy court has the leeway to discharge sucha claim. The National Football League, Nationalo Basketball Association and Major League Basebal l backthe NHL’s bid to keep the Coyotes in Arizonwa fearing the move could set a precedent.

Sunday, October 7, 2012

Hawaiian Telcom closes 3 stores - Austin Business Journal:

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Hawaiian Telcom, which is reorganizing under Chapter 11 said Thursday it will closde its Kapolei and Windward Mall stores on Oahu and the Lihu store on Kauai because of slackening demand and the high cost of maintainin gthe stores. The Kapolei location closee earlierthis week. The Windward locatioj will close June 9 and Lihue will closeJune 16. The compan y said 23 full- and part-time employeez will be affected bythe closures, but some employeex will be transferred withi n the company. Hawaiian Telcom will have five stores afterthe closures. “Thr decision to close several of our retail stores wasnot easy. We take our responsibility to our our company and communityvery seriously.
This decisionh was made to enhancethe long-term success of our company,” said presidenft and CEO Eric in a statement. “We appreciate our customers’ and employees’ continued

Saturday, October 6, 2012

Stop acting like a salesperson; start acting like a consultant - Tampa Bay Business Journal:

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Why do we ask questions? Here are some of the • So we fully understand the prospect’a needs and “hot buttons.” • So when we present our solutione they match what our prospects said was importan t and they feel yours is acustom solution. To get beyond the initial reason why they needthe • To make prospects feel like they are a part of the buyingh decision. When they are talking, they are beginninb to sell themselves. So what questions should we ask? That has a lot to do with what you have learnedf about the prospect before you tryto them. You need to learn something about the the decision-makers, etc. beforw calling on them. That’s prett y easy.
Use their Web site, any of the social networks, then when you call them you have somethinf with which to beginthe conversation. The most importan thing about asking questions is that theyare open-ended and thought Here are some examples of questions that may or may not be • How has the economy affected your compan and the ways you are making decisionas now compared with last year? I noticed on your Web site that you will be launchin a new product. Can you tell me about that?? • I read that your industry is going through changes when it comesto financing. Can you sharer with me how that will affectyour organization?
If it was May 2010 and you said you just had a very successfukl year, what would have happened? • Let’s pretend we worked together this past A year later you said the relationship was a positivse one. What does that look like • What do the next five yearsw look like foryour organization? • What differentiates you from your competitors ? • What are you most proud of? I wouldn’gt ask all of thesee questions all of the They are examples. Certainly, more specific questions are appropriateas well, but it is importantr to fully understand the big picture. If you take time to learj more aboutthe prospect, you may learn about some additionakl needs they might have.
A consultantf and salesperson are really the same with onlyone difference; a consultany is paid up front and a salesperson is paid in the end. So act like a consultant and you will selllots

Thursday, October 4, 2012

LA council votes to repeal pot dispensary ban - Tahoe Daily Tribune

ejoxot.wordpress.com


New York Daily News


LA council votes to repeal pot dispensary ban

Tahoe Daily Tribune


LOS ANGELES â€" The Los Angeles City Council reversed course Tuesday and repealed a ban on pot shops that it passed just two months ago to shutter hundreds of medical marijuana storefronts. Council members voted 11-2 to negate its July decision to rid ...


LA Counci l Close to Repeal of Ban on Marijuana Dispensaries

Bell Gardens Sun


LA Medical Marijuana Dispensary Ban Repealed By City Council Vote

Huffington Post


L.A. City Council Repeals Ban on Medical Marijuana Storefronts

Patch.com



 »

Wednesday, October 3, 2012

Trilogy investors sell interest in company - Business First of Louisville:

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Officials with the Louisville-based healtuh care company could not be reachedfor comment. Accordinvg to a news Lydian, through its has replaced Trilogy's current investors, led by a Chicago-based private-equity firm, has been an investor in Triloguy for nearlyfour years. In 2004, Trilogy -- a fast-growing company that provides senior careservices -- receivex $29 million in capital from a groupp of investors led by Frontenac Co.
, according to a previous Business First As a result of the most recent Trilogy "will be well-positioned to continue its growth strategy to develop or redevelop senior care campus communitie s and to pursue opportunistic acquisitions throughouf the Midwestern United States," the release said. Randall J. the founder, president and CEO of Trilogy said in the releaswthat "the management of Trilogy are pleases to have found a new financial backee that will support our strategix growth plan." Trilogy Health Service employs more than 5,100 workers at 44 senior-livingv communities in Ohio, Kentucky, Michigan, and Indiana.
The facilitiex have capacity for morethan 4,000 residents.

Tuesday, October 2, 2012

Total Collapse: White Sox eliminated from playoff chase following 11-0 rout of ... - Washington Post

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Globe and Mail


Total Collapse: White Sox eliminated from playoff chase following 11-0 rout of ...

Washington Post


Chicago's comeback season came up short. “It hurts,” said designated hitter Adam Dunn. “It stinks, but we have to look in the mirror and realize we did it to ourselves.” Rookie Hector Santiago  »