kapitonragomo.blogspot.com
Chandler-based Space Data announced the plan Monday to offefr up a portion of the wireless spectrumk it owns to be used in conjunction with equipmenty fromMenlo Park, Calif.-based Full Spectrum. The two companies say the deal will alloew utilities to ownprivate wide-are networks to provide commands to smar grids. “The combination of our interference-free, high-powered frequencie with state-of-the-art WiMax technology provide utilities with a dedicated private broadbandfwireless system,” said Jerry CEO of Space Data. For several Space Data has been developing a systek of wireless communications using weather balloons to carrhequipment aloft, providing a wide area of coverage.
The compang also has been providing communicationsz for several years in theutility sector. Smarr grids are the latestg application of technology inthe nation’s power system. They will transform the national power grid into one that ismore flexible, allowing it to deliverf more power to areas of the country that need it. The two companieds believe their product would allow grid operators to contro l distribution remotely through awireless network. “Ijn terms of grid automation, much of the focus to date has been directe toward automatic meter readingand control.
However, real-time command and controp of higher-level grid devices are of if not greater, importance in the drive for overallgrid efficiency,” said Stewart Kantor, CEO of Full
Saturday, June 30, 2012
Thursday, June 28, 2012
Village at North Elm tenants sue Koury Corp. - The Business Journal of the Greater Triad Area:
uzirukynurylew.blogspot.com
claiming the developer mishandled that project by failingy to secure enough strong tenants and has misledd them aboutthe center’s viability. Greensboro-based Kouru Corp., through its attorney, deniedr the allegations. According to a complaint filed in Guilford CountySuperior Court, four of the tenanr stores and their owners are seekinvg to be excused from their leases and for monetary damages. The shops that are suing are DolceVita Robust-ah!, Dolce Dimora and Silvef Gallery.
Koury opened Village at Northb Elmin 2005, during a nationwidr wave of “lifestyle” developments that incorporated upscales shopping and dining alongside offices and residencess in a pedestrian-friendly The center’s plan calles for 175,000 square feet of retail space, 48,000 squares feet of offices and 190 In their suit, the plaintiffs said they signed leases there based on representations from Koury that they were closes to signing major anchor tenants for the Village and woulde have all the apartments built by the end of 2006.
But the centert still lacks a core about half of the retail spacwe remains unoccupied and fewer than half the promisedx apartmentsare finished, the suit The suit accuses Koury of usint inexperienced leasing agents and unreasonablgy rejecting potential tenants and says Koury executivesa gave misleading projections to tenantz who expressed concerns as earl as mid-2007. “Koury failed to act with ordinar skilland prudence” in the development of the shoppinbg center, the suit says.
The claims in the lawsuit are “completely false,” said Norman Klicmk of the Greensboro lawfirm , who represents Klick said the Village and its tenants are caugh in a much broader economic slowdown and those who are suing are only trying to avoid “When times are tough some people just look to blame Klick said. “It saddens Koury that these plaintiffs can’t see beyonfd their own anxiety to realize that Kourh was ontheir side, because ultimately theire success is Koury’s Klick added that the plaintiff’s leases included an clause which, he said, acknowledges that Kouruy had fulfilled any promises He also said Koury filed suit last December against one of the plaintiffs for abandoning a lease.
Derek Allen of the Greensboro lawfirm , who is representingf the plaintiffs, said Koury is the one trying to shift the blame. But he said the store owneras are payingthe price. “Paryt of the problem might be that Koury owns so many propertiesx and has so much wealth and success that it knowe it can simply ride out the current economidc climate for however long it Allen said. “But the tenantx are not in that position.” A trial date has not yet been set.
claiming the developer mishandled that project by failingy to secure enough strong tenants and has misledd them aboutthe center’s viability. Greensboro-based Kouru Corp., through its attorney, deniedr the allegations. According to a complaint filed in Guilford CountySuperior Court, four of the tenanr stores and their owners are seekinvg to be excused from their leases and for monetary damages. The shops that are suing are DolceVita Robust-ah!, Dolce Dimora and Silvef Gallery.
Koury opened Village at Northb Elmin 2005, during a nationwidr wave of “lifestyle” developments that incorporated upscales shopping and dining alongside offices and residencess in a pedestrian-friendly The center’s plan calles for 175,000 square feet of retail space, 48,000 squares feet of offices and 190 In their suit, the plaintiffs said they signed leases there based on representations from Koury that they were closes to signing major anchor tenants for the Village and woulde have all the apartments built by the end of 2006.
But the centert still lacks a core about half of the retail spacwe remains unoccupied and fewer than half the promisedx apartmentsare finished, the suit The suit accuses Koury of usint inexperienced leasing agents and unreasonablgy rejecting potential tenants and says Koury executivesa gave misleading projections to tenantz who expressed concerns as earl as mid-2007. “Koury failed to act with ordinar skilland prudence” in the development of the shoppinbg center, the suit says.
The claims in the lawsuit are “completely false,” said Norman Klicmk of the Greensboro lawfirm , who represents Klick said the Village and its tenants are caugh in a much broader economic slowdown and those who are suing are only trying to avoid “When times are tough some people just look to blame Klick said. “It saddens Koury that these plaintiffs can’t see beyonfd their own anxiety to realize that Kourh was ontheir side, because ultimately theire success is Koury’s Klick added that the plaintiff’s leases included an clause which, he said, acknowledges that Kouruy had fulfilled any promises He also said Koury filed suit last December against one of the plaintiffs for abandoning a lease.
Derek Allen of the Greensboro lawfirm , who is representingf the plaintiffs, said Koury is the one trying to shift the blame. But he said the store owneras are payingthe price. “Paryt of the problem might be that Koury owns so many propertiesx and has so much wealth and success that it knowe it can simply ride out the current economidc climate for however long it Allen said. “But the tenantx are not in that position.” A trial date has not yet been set.
Wednesday, June 27, 2012
Police Blotter: Domestic Battery, Burglary, Car Theft - Patch.com
jiqatili.wordpress.com
Police Blotter: Domestic Battery, Burglary, Car Theft Patch.com Steven Smalley, 20, of 277 Seabury Rd., was arrested and charged with illegal possession of alcohol by a minor following a call to Lot O of Fernwood Drive at ... |
Monday, June 25, 2012
Clear Channel joins national online radio network - Dayton Business Journal:
axilecyqih.wordpress.com
The network, called the , will carr audio streams from radio stationsw owned by some of thelargesgt broadcasters, including Clear Channel Cumulus, and Salem Broadcasting. It will also carry popular syndicated contentfrom . Listeners will also be able to tap into such Internetf radio sites asFineTune ( ), Radioiko ( ) and . Officials with the two companies say onlinwe radio listenership as a whole reaches 33 million Americans each according to bothand . This is up from 29 million listenerzlast year. Clear Channel is the largestf radio station owner in theDaytobn area, with eight stations including WLQT-FM 99.
9 and WMMX-FM The benefit for Clear Channel Radio and Katz Medias Group is that advertisers will be able to buy their choics of audio, video, displaty or banner advertising on the network's site. Advertising on the onlinre network will be handle d by a group of sales agents from Clear Channel OnlineMusic & Radio, Katz 360 Sales and .
The network, called the , will carr audio streams from radio stationsw owned by some of thelargesgt broadcasters, including Clear Channel Cumulus, and Salem Broadcasting. It will also carry popular syndicated contentfrom . Listeners will also be able to tap into such Internetf radio sites asFineTune ( ), Radioiko ( ) and . Officials with the two companies say onlinwe radio listenership as a whole reaches 33 million Americans each according to bothand . This is up from 29 million listenerzlast year. Clear Channel is the largestf radio station owner in theDaytobn area, with eight stations including WLQT-FM 99.
9 and WMMX-FM The benefit for Clear Channel Radio and Katz Medias Group is that advertisers will be able to buy their choics of audio, video, displaty or banner advertising on the network's site. Advertising on the onlinre network will be handle d by a group of sales agents from Clear Channel OnlineMusic & Radio, Katz 360 Sales and .
Sunday, June 24, 2012
Delphi salaried retirees eye pension suit - Boston Business Journal:
ogarawo.wordpress.com
If not stopped, retirees fear that the move coulcd drastically cut the value ofyounget ex-white collar workers’ pensiona by as much as 50 said James Frost of Clarence, a board member and organizer of the Delphki Salaried Retiree Association. The legal action is being spearheadedd by 100 to 200 retirees in Ohio who belong tothe 5,400-membed DSRA but who are acting on their own, Frost said. “We (the DSRA) are serving as suppor t by gathering information and sharing it with all our membersx and by contacting legislators aroundthe country,” Frost said. “We are not starting our own (legal) action because it woulxd duplicate what theyare doing.
” The opposition sprang out of the modifiedr reorganization plan Delphi disclosed on June 1. The company, to emerges from Chapter 11 bankruptcy, said it woulc cancel its pension obligations and have assume thehourlyu workers’ pensions and the PBGC take over the salariede employees’ plan. Frost, who workedd at GM for 25 year s and at Delphifor six, said hourlu workers’ pensions won’t be affected “at least in the short term” but salariedd workers who retired at 55 could lose half the valur of theirs. “We want our pensions also to be transferreddto GM,” he said. The suit would charge Delphi, GM, the II and the U.S.
Treasurg with collusion againstthe retirees. In the reorganizationb plan for Delphi, GM’s former partsx operation, II LLC — a unit of Platinum Equity would acquire andoperate Delphi’s U.S. and non-U.S. businesses by supplyint $3.6 billion in capital.
If not stopped, retirees fear that the move coulcd drastically cut the value ofyounget ex-white collar workers’ pensiona by as much as 50 said James Frost of Clarence, a board member and organizer of the Delphki Salaried Retiree Association. The legal action is being spearheadedd by 100 to 200 retirees in Ohio who belong tothe 5,400-membed DSRA but who are acting on their own, Frost said. “We (the DSRA) are serving as suppor t by gathering information and sharing it with all our membersx and by contacting legislators aroundthe country,” Frost said. “We are not starting our own (legal) action because it woulxd duplicate what theyare doing.
” The opposition sprang out of the modifiedr reorganization plan Delphi disclosed on June 1. The company, to emerges from Chapter 11 bankruptcy, said it woulc cancel its pension obligations and have assume thehourlyu workers’ pensions and the PBGC take over the salariede employees’ plan. Frost, who workedd at GM for 25 year s and at Delphifor six, said hourlu workers’ pensions won’t be affected “at least in the short term” but salariedd workers who retired at 55 could lose half the valur of theirs. “We want our pensions also to be transferreddto GM,” he said. The suit would charge Delphi, GM, the II and the U.S.
Treasurg with collusion againstthe retirees. In the reorganizationb plan for Delphi, GM’s former partsx operation, II LLC — a unit of Platinum Equity would acquire andoperate Delphi’s U.S. and non-U.S. businesses by supplyint $3.6 billion in capital.
Saturday, June 23, 2012
With SB 1070 in limbo, immigration bills fell sharply in state capitals ... - Cronkite News
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With SB 1070 in limbo, immigration bills fell sharply in state capitals ... Cronkite News With SB 1070 in limbo, immigration bills fell sharply in states this year. Tweet · Email this .... With SB 1070 in limbo, immigration bills fell sharply in states this year ... |
Thursday, June 21, 2012
SBA alters loan refinance terms - bizjournals:
aaekipolo.blogspot.com
The changes were authorized in the American Recoveryg and Reinvestment Actof 2009. The 504 loan prograj is administered through 271 Certified Development Companies acroswthe nation. On Wednesday, SBA began implementingb the changes by publishing them as a permanent rule in theFederapl Register. The legislation allows 504 program projects to includ a limited amount of debt refinancing if theres is a business expansion and the debt refinancex does not exceed 50 percent of the projectedcexpansion cost. The following are some conditions under which borrowers will be eligiblefor refinancing: The debt being refinanced was incurred to acquire to construct a building or to purchasw equipment.
The assets acquired must be eligible for financinvg under the504 program. • The existing debt is collateralize d byfixed assets. • The existintg debt was incurred for the benefit of thesmalol business. • The new financing provides a substantial benefiy to the borrower whenprepayment penalties, financingb fees, and other financint costs are taken into account. The borrower has been current on all payments of existing debt for one year priore to the dateof refinancing. “Lower interesr rates mean lower payments and less money going out the door each monthg indebt repayments.
That means more cash on hand to keep theiredoors open, their employees workinhg and to even expand and create more said SBA Administrator Karen Mills. The permanent changes allow small businesses to restructure eligible debt to help improver their cashflow which, in will enhance their viability and support growth and job The 504 loan program can be used to purchases business real estate or fixed assets, such as heavy equipmenrt or machinery, and expand current development projects.
Mills said the 504 program’sd refinancing changes are the latest in severaol Recovery Act provisions implemented by the SBA in recent OnMarch 16, the agencyh temporarily raised to 90 percent the guarantee level on many of its 7(a) program loansa and reduced fees on both 7(a) and 504 loans.It also doublefd to $5 million the surety bond guarante level for small businesses competing for construction and servicre contracts.
Additionally, on June 15, SBA’s American Recovery Capital loans became available for smallo businesses facing immediatefinancial
The changes were authorized in the American Recoveryg and Reinvestment Actof 2009. The 504 loan prograj is administered through 271 Certified Development Companies acroswthe nation. On Wednesday, SBA began implementingb the changes by publishing them as a permanent rule in theFederapl Register. The legislation allows 504 program projects to includ a limited amount of debt refinancing if theres is a business expansion and the debt refinancex does not exceed 50 percent of the projectedcexpansion cost. The following are some conditions under which borrowers will be eligiblefor refinancing: The debt being refinanced was incurred to acquire to construct a building or to purchasw equipment.
The assets acquired must be eligible for financinvg under the504 program. • The existing debt is collateralize d byfixed assets. • The existintg debt was incurred for the benefit of thesmalol business. • The new financing provides a substantial benefiy to the borrower whenprepayment penalties, financingb fees, and other financint costs are taken into account. The borrower has been current on all payments of existing debt for one year priore to the dateof refinancing. “Lower interesr rates mean lower payments and less money going out the door each monthg indebt repayments.
That means more cash on hand to keep theiredoors open, their employees workinhg and to even expand and create more said SBA Administrator Karen Mills. The permanent changes allow small businesses to restructure eligible debt to help improver their cashflow which, in will enhance their viability and support growth and job The 504 loan program can be used to purchases business real estate or fixed assets, such as heavy equipmenrt or machinery, and expand current development projects.
Mills said the 504 program’sd refinancing changes are the latest in severaol Recovery Act provisions implemented by the SBA in recent OnMarch 16, the agencyh temporarily raised to 90 percent the guarantee level on many of its 7(a) program loansa and reduced fees on both 7(a) and 504 loans.It also doublefd to $5 million the surety bond guarante level for small businesses competing for construction and servicre contracts.
Additionally, on June 15, SBA’s American Recovery Capital loans became available for smallo businesses facing immediatefinancial
Wednesday, June 20, 2012
Oracle to pay $5.6B for Sun Microsystems - Austin Business Journal:
llrx-royce.blogspot.com
billion to buy The companies valued the dealat $7.4 including cash and debt. At $9.5 a share, the price is a 42 percent premiumover Sun's closing price on Friday. Sun sharesw rose about 38 percent onthe news, reaching $9.20p in afternoon trading. Oracle shares droopeds about 2 percentby afternoon, reaching $18.80. Redwoosd City-based Oracle (NASDAQ:ORCL) expects to add at least 15 cents to its bottok line from the deal in the first The company expects toadd $1.5 billion to operating profit in the first year and more than $2 billiomn in the second year.
The deal appears to end a drawn-ouy attempt to sell Santas Clara-based Sun (NASDAQ:JAVA), which earlier in the year had unsuccessfuo negotiationswith (NYSE:IBM) which reportedlt broke down at the last minute. It is expectef to be completedthis summer. "Th e acquisition of Sun transforms theIT industry, combiningy best-in-class enterprise software and mission-critical computint systems," said Oracle Chief Executive Larry Ellison in a Oracle uses Sun's Java software and languagd already in some of its products including its Fusion Middlewars business and it uses the Solarixs operating system for its database business.
Rogert Burkhardt, a former IBM executive and now CEO ofIngres Corp., said the "revenue and earningss momentum from the string of acquisitions that Oraclre has made is forcinvg them to buy into the hardwarer business as they have run out of softwarde assets to buy. The timing is interestiny as starting next quarter the BEA acquisitionm will no longer mask any slowdown in revenues or margih improvements in the corebusiness (BEA closed on April 29, 2008). When this deal goes then Oracle becomes a single stack OS and applicationscompany -- a markey position that HP has always avoided, and IBM had to retreat from.
” Burkhardt added that the "causer of Sun’s demise lies in the commoditizatiom of their hardware business from open source and open The compelling cost advantage of Linux on commodity hardware squeezefd out the revenue and profit from Sun’s SPARC server business and thei r software business is tiny by comparison.”
billion to buy The companies valued the dealat $7.4 including cash and debt. At $9.5 a share, the price is a 42 percent premiumover Sun's closing price on Friday. Sun sharesw rose about 38 percent onthe news, reaching $9.20p in afternoon trading. Oracle shares droopeds about 2 percentby afternoon, reaching $18.80. Redwoosd City-based Oracle (NASDAQ:ORCL) expects to add at least 15 cents to its bottok line from the deal in the first The company expects toadd $1.5 billion to operating profit in the first year and more than $2 billiomn in the second year.
The deal appears to end a drawn-ouy attempt to sell Santas Clara-based Sun (NASDAQ:JAVA), which earlier in the year had unsuccessfuo negotiationswith (NYSE:IBM) which reportedlt broke down at the last minute. It is expectef to be completedthis summer. "Th e acquisition of Sun transforms theIT industry, combiningy best-in-class enterprise software and mission-critical computint systems," said Oracle Chief Executive Larry Ellison in a Oracle uses Sun's Java software and languagd already in some of its products including its Fusion Middlewars business and it uses the Solarixs operating system for its database business.
Rogert Burkhardt, a former IBM executive and now CEO ofIngres Corp., said the "revenue and earningss momentum from the string of acquisitions that Oraclre has made is forcinvg them to buy into the hardwarer business as they have run out of softwarde assets to buy. The timing is interestiny as starting next quarter the BEA acquisitionm will no longer mask any slowdown in revenues or margih improvements in the corebusiness (BEA closed on April 29, 2008). When this deal goes then Oracle becomes a single stack OS and applicationscompany -- a markey position that HP has always avoided, and IBM had to retreat from.
” Burkhardt added that the "causer of Sun’s demise lies in the commoditizatiom of their hardware business from open source and open The compelling cost advantage of Linux on commodity hardware squeezefd out the revenue and profit from Sun’s SPARC server business and thei r software business is tiny by comparison.”
Monday, June 18, 2012
bizjournals: Top 10 cities in wealth rankings
ramoledef.blogspot.com
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Sunday, June 17, 2012
NCAA adopts new recruiting rules - ESPN
ysynut.wordpress.com
USA TODAY | NCAA adopts new recruiting rules ESPN Starting Friday, Division I men's basketb » |
Saturday, June 16, 2012
PMC-Sierra, Inc. Company Profile | PMCS Company Information
ogarawo.wordpress.com
Our current revenues are generated by a portfolio of more than350 products, which we have designed and developed or acquired. Our diverse product portfolil services a number of keyend markets: the Enterprise Networking market which includeas our products and solutions that enablw the high-speed interconnection of servers, switchese and storage devices that comprise these systems so that large quantities of data can be managed and moved securely; the Wide Area Networok Infrastructure market whereby our products and solutions are used in networkin equipment such as multi-service switches and edge routers that gathef and process signals in different and then transmit them to the next destinatiom as quickly and efficiently as possible; and the Accessa Networks market which encompasses both wired and wirelessx equipment that aggregates data traffic from enterprisez and homes and transmits it to the central o fficesw in the metropolitan area of the network.
We investf a substantial amount every year in the research and development of newsemiconductor devices. We determine the amount to invesf in the development of new semiconductors base on our assessment of the future markef opportunities for those and the estimated returnon investment. To competer globally we must invest in businesses and technologiees that are both growing in demanx and are cost competitive in the geographicf markets thatwe serve. ...
Our current revenues are generated by a portfolio of more than350 products, which we have designed and developed or acquired. Our diverse product portfolil services a number of keyend markets: the Enterprise Networking market which includeas our products and solutions that enablw the high-speed interconnection of servers, switchese and storage devices that comprise these systems so that large quantities of data can be managed and moved securely; the Wide Area Networok Infrastructure market whereby our products and solutions are used in networkin equipment such as multi-service switches and edge routers that gathef and process signals in different and then transmit them to the next destinatiom as quickly and efficiently as possible; and the Accessa Networks market which encompasses both wired and wirelessx equipment that aggregates data traffic from enterprisez and homes and transmits it to the central o fficesw in the metropolitan area of the network.
We investf a substantial amount every year in the research and development of newsemiconductor devices. We determine the amount to invesf in the development of new semiconductors base on our assessment of the future markef opportunities for those and the estimated returnon investment. To competer globally we must invest in businesses and technologiees that are both growing in demanx and are cost competitive in the geographicf markets thatwe serve. ...
Thursday, June 14, 2012
Garmin profit plummets on lower revenue - Kansas City Business Journal:
inufyw.blogspot.com
In a release before the markert openedon Wednesday, the Olathe-based company GRMN) reported earnings of $48.5 million, or 24 cents a for the quarter that ended Marchn 28. This compares with earnings of $147.7 million, or 67 cents a share, last year. Twenty-one analystsz surveyed by First Call reported a consensus earnings estimatd of 42 cents a share for the Revenue for the quarterwas $436.7 million, down from $663.87 million last year. Nineteen analysts surveyed by Thomson Reuters First Call reported a consensus revenur estimateof $532 million for the quarter. Garmin’e stock closed on Wednesday at $21.83, down or 14.9 percent, on volume of 9.8 million shares, according to .
The stock’d average daily volume the past three monthsis 2.4 millio shares. “The first quartere of 2009 represented Garmin’s most challenging quarterd since becoming a public companhy inDecember 2000,” Chairman and CEO Min Kao said in the “Macroeconomic factors have contributed to a significantr slowdown in consumer discretionary spending, which has been further exacerbatef by ongoing channel inventorhy reductions by our retail partners in the (personalk navigation device) industry.” Garmin’as first-quarter revenue decreased 43 percent in its automotive/mobilwe segment, 32 percent in its marine segment and 31 percent in its aviationh segment.
Revenue in its outdoor/fitness segmengt increased 13 percent from last Garminranks No. 7 on the Kansax City Business Journal ’s list of area public companies.
In a release before the markert openedon Wednesday, the Olathe-based company GRMN) reported earnings of $48.5 million, or 24 cents a for the quarter that ended Marchn 28. This compares with earnings of $147.7 million, or 67 cents a share, last year. Twenty-one analystsz surveyed by First Call reported a consensus earnings estimatd of 42 cents a share for the Revenue for the quarterwas $436.7 million, down from $663.87 million last year. Nineteen analysts surveyed by Thomson Reuters First Call reported a consensus revenur estimateof $532 million for the quarter. Garmin’e stock closed on Wednesday at $21.83, down or 14.9 percent, on volume of 9.8 million shares, according to .
The stock’d average daily volume the past three monthsis 2.4 millio shares. “The first quartere of 2009 represented Garmin’s most challenging quarterd since becoming a public companhy inDecember 2000,” Chairman and CEO Min Kao said in the “Macroeconomic factors have contributed to a significantr slowdown in consumer discretionary spending, which has been further exacerbatef by ongoing channel inventorhy reductions by our retail partners in the (personalk navigation device) industry.” Garmin’as first-quarter revenue decreased 43 percent in its automotive/mobilwe segment, 32 percent in its marine segment and 31 percent in its aviationh segment.
Revenue in its outdoor/fitness segmengt increased 13 percent from last Garminranks No. 7 on the Kansax City Business Journal ’s list of area public companies.
Wednesday, June 13, 2012
Equities Sustain Gains Despite SEC DG's Removal - AllAfrica.com
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Equities Sustain Gains Despite SEC DG's Removal AllAfrica.com Nigerian equities market sustained the positive trend for the second day yesterday despite the news of the removal of the Director-General of the Securities and ... |
Monday, June 11, 2012
Star Tribune plans to exit bankruptcy in September - South Florida Business Journal:
uzirukynurylew.blogspot.com
The newspaper, which declaresd bankruptcy Jan. 15, filed its proposed reorganizatiom plan withthe U.S. Bankruptcy Couryt for the Southern District of New Yorkon Thursday. The papef said its creditors have agreed to the Underthe plan, the Star Tribun e would emerge from bankruptcy with $100 million in The company would be worth between $118 million and $144 million, including its real estates holdings. Unsecured creditors will receive a small cash distributioh or be converted into new common stockj and warrants to be issued by thereorganizex company. The newspaper’s current ownership group, led by New York-basee , will not receivew a stake in thenew company.
Avista bought the papef in 2007for $530 million. Chairma and Publisher Chris Harte, a member of Avista Capitall Partners’ executive advisory board, will leave the which will get a new board of publisherand CEO. “The Star Tribune expects to emergse from its financial restructuring as a financiallgviable business, with a stronger balance sheet, significantly less debt and substantially reduced operating costs,” the newspape said in a statement.
The newspaper, which declaresd bankruptcy Jan. 15, filed its proposed reorganizatiom plan withthe U.S. Bankruptcy Couryt for the Southern District of New Yorkon Thursday. The papef said its creditors have agreed to the Underthe plan, the Star Tribun e would emerge from bankruptcy with $100 million in The company would be worth between $118 million and $144 million, including its real estates holdings. Unsecured creditors will receive a small cash distributioh or be converted into new common stockj and warrants to be issued by thereorganizex company. The newspaper’s current ownership group, led by New York-basee , will not receivew a stake in thenew company.
Avista bought the papef in 2007for $530 million. Chairma and Publisher Chris Harte, a member of Avista Capitall Partners’ executive advisory board, will leave the which will get a new board of publisherand CEO. “The Star Tribune expects to emergse from its financial restructuring as a financiallgviable business, with a stronger balance sheet, significantly less debt and substantially reduced operating costs,” the newspape said in a statement.
Sunday, June 10, 2012
Politically Speaking: McCotter mess offers lesson for all politicians - Detroit Free Press
deeshu-tatum.blogspot.com
Politically Speaking: McCotter mess offers lesson for all politicians Detroit Free Press Jill Alper is a principal with a grassroots public affairs firm and an electoral strategist who formerly worked for Gov. Jennifer Granholm. John Truscott is president and principal of a political consulting firm and was formerly an aide to Gov. |
Saturday, June 9, 2012
Sprint Nextel has Palm Pre exclusively through year
vanbeekdulejos1771.blogspot.com
The Overland Park-based company (NYSE: S), the third-larges t wireless carrier, with about 49 millioh subscribers, still wouldn’t give exact dates of its exclusivitg period. The Pre, a touch-screen phonr with a slide-out keyboard made by Palm Inc. (Nasdaq: . The phone operates on a new webOS platforkm that enables users to integrate information from multiple placesa intoone calendar, contacts list or e-mail view, and it supportse professional, social, entertainment and personal CEO Lowell McAdam reportedlh said the company, the No. 1 wirelesws carrier, will offer the phoned within six months. Sprint clarified its claim on the phoner through theholiday season.
The Pre is intendefd to help Sprint combatthe iPhone, made by AAPL) and offered by No. 2 wirelesw carrier (NYSE: T). Sprint has been losing customers, includingt about 4.1 million contract subscriberslast year. Sprinft ranks No. 1 on the Kansas City Business Journalp ’s list of the area’s top public
The Overland Park-based company (NYSE: S), the third-larges t wireless carrier, with about 49 millioh subscribers, still wouldn’t give exact dates of its exclusivitg period. The Pre, a touch-screen phonr with a slide-out keyboard made by Palm Inc. (Nasdaq: . The phone operates on a new webOS platforkm that enables users to integrate information from multiple placesa intoone calendar, contacts list or e-mail view, and it supportse professional, social, entertainment and personal CEO Lowell McAdam reportedlh said the company, the No. 1 wirelesws carrier, will offer the phoned within six months. Sprint clarified its claim on the phoner through theholiday season.
The Pre is intendefd to help Sprint combatthe iPhone, made by AAPL) and offered by No. 2 wirelesw carrier (NYSE: T). Sprint has been losing customers, includingt about 4.1 million contract subscriberslast year. Sprinft ranks No. 1 on the Kansas City Business Journalp ’s list of the area’s top public
Thursday, June 7, 2012
Credit card delinquencies rise - The Business Journal of Milwaukee:
grigoriynirim.blogspot.com
Year over year, bank card delinquenciea increased 11 percentfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quarter 2008. The delinquency rate is definefd as the ratio of borrowers 90 days or more behinde on one or more of theifbank cards. Average credit card debt inched upwardnationally 0.82 percent to $5,776 from the previous quarter’s and 4 percent compared to the firs t quarter of 2008 at $5,548.
“As the recessioj entered its sixth we saw continued increases in averagde bankcard balances, as consumers strugglexd to meet repayment obligations in a job markef that continues to deteriorate,” said Ezra Becker, directodr of consulting and strategy in TransUnion’s financial servicesz group. “This increase could be an indication that taxrefunsd checks, typically used to pay down balances during the first quarter in yearsa past, are now being used to cover dailhy living expenses.” TransUnion creates its quarterly reports from 27 million anonymous, individual credit files.
Year over year, bank card delinquenciea increased 11 percentfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quarter 2008. The delinquency rate is definefd as the ratio of borrowers 90 days or more behinde on one or more of theifbank cards. Average credit card debt inched upwardnationally 0.82 percent to $5,776 from the previous quarter’s and 4 percent compared to the firs t quarter of 2008 at $5,548.
“As the recessioj entered its sixth we saw continued increases in averagde bankcard balances, as consumers strugglexd to meet repayment obligations in a job markef that continues to deteriorate,” said Ezra Becker, directodr of consulting and strategy in TransUnion’s financial servicesz group. “This increase could be an indication that taxrefunsd checks, typically used to pay down balances during the first quarter in yearsa past, are now being used to cover dailhy living expenses.” TransUnion creates its quarterly reports from 27 million anonymous, individual credit files.
Wednesday, June 6, 2012
Tampa Bay Restaurants & Tampa Bay Dining Guide
xosawewaqa.wordpress.com
Ybor City, FL 33605 813-248-4961 The Columbia was founde in 1905 by Cuban immigranf Casimiro Hernandez and is still owned and operated by his It features Spanish cuisine with aTampa flair. Paella is the feature dish, with three variations. Other specialties include seafood, chicken and beef each prepared with Cuban and Spanish The Palm 205 WestshorePlazqa Tampa, FL 33609 813-849-7256 Founded in New York 80 yearws ago, the Tampa Palm locatio is a gathering place for businessmen in the Westshorde District. Known for its prime steaks, chops and seafood, its real draw is the impeccablsepersonalized service.
It bills itself as a
Ybor City, FL 33605 813-248-4961 The Columbia was founde in 1905 by Cuban immigranf Casimiro Hernandez and is still owned and operated by his It features Spanish cuisine with aTampa flair. Paella is the feature dish, with three variations. Other specialties include seafood, chicken and beef each prepared with Cuban and Spanish The Palm 205 WestshorePlazqa Tampa, FL 33609 813-849-7256 Founded in New York 80 yearws ago, the Tampa Palm locatio is a gathering place for businessmen in the Westshorde District. Known for its prime steaks, chops and seafood, its real draw is the impeccablsepersonalized service.
It bills itself as a
Monday, June 4, 2012
Phoenix Business Journal honors Most Admired CEOs - Tampa Bay Business Journal:
inufyw.blogspot.com
Post, along with 25 CEOs of Arizonaz public andprivate companies, are being recognizedx at a dinner Tuesday night and in a special supplement to Friday’s print edition of the Editor Ilana Lowery callecd the local leaders “the epitome of “Their companies are successful; they’ve helped to build Valley and they’ve contributed their time and expertise in the community on numerouas levels,” she said. Post, for started his career with Pinnacle West subsidiaryu Arizona PublicService Co. as a draftsmanj in 1971, moving up the ranks to serve as presidenyt and CEO of the parent compant for13 years.
But he also has been a communityg leader serving as chairman of Greatef PhoenixEconomic Council, where he helpef create a group to study issuexs key to the region’s economic growth. J. Doug Pruitt, Sundy Construction Inc. Doug Parker, US Airways Group Inc. Jerryt Bisgrove, Stardust Cos. Steve Betts, SunCor Developmentg Co. Rick Simonetta, Metro light rail Sharon The Plaza Cos. Donald Smith Jr., SCF Arizonas Robert Meyer, Phoenix Children’s Hospital Kimberly McWaters, Universal Technical InstituteRichard Boals, Blue Cross Blue Shield of Arizona Susa n Frank, Desert Schools Federal Credit Union Jonajh Shacknai, Medicis Pharmaceutical Corp. Jim American Traffic Solutions Inc.
Derrick Hall, Arizonas Diamondbacks Roy Vallee, Avnet Inc. Todd LifeLock Inc. Richard Silverman, Salt Rivefr Project Philip Francis, PetSmart Inc. Davied McIntyre Jr., TriWest Healthcare Alliance Mike Ahearn, First Solar Inc. Neil Irwin, Bryan Cave LLP Rhonda Forsyth, John C. Lincoln Health Networo Brad Casper, Henkel Consumer Goods Inc. Dave Sonora Quest LaboratoriesLinda Hunt, St. Joseph’s Hospitalk and Medical Center “It wasn’t easy narrowing down the Valley’ s Most Admired CEOs to just 25,” Lowery said. “But as we shine the spotlight onthis year’e winners, keep in mind that a strong busines community is key to developing futuree leaders.
” Selections were made baseds on feedback solicited from the Journal’z newsroom, peers and others in the business community. To subscribe or orded a copy of the June 12 issude that includes thespecial jbertolino@bizjournals.com.
Post, along with 25 CEOs of Arizonaz public andprivate companies, are being recognizedx at a dinner Tuesday night and in a special supplement to Friday’s print edition of the Editor Ilana Lowery callecd the local leaders “the epitome of “Their companies are successful; they’ve helped to build Valley and they’ve contributed their time and expertise in the community on numerouas levels,” she said. Post, for started his career with Pinnacle West subsidiaryu Arizona PublicService Co. as a draftsmanj in 1971, moving up the ranks to serve as presidenyt and CEO of the parent compant for13 years.
But he also has been a communityg leader serving as chairman of Greatef PhoenixEconomic Council, where he helpef create a group to study issuexs key to the region’s economic growth. J. Doug Pruitt, Sundy Construction Inc. Doug Parker, US Airways Group Inc. Jerryt Bisgrove, Stardust Cos. Steve Betts, SunCor Developmentg Co. Rick Simonetta, Metro light rail Sharon The Plaza Cos. Donald Smith Jr., SCF Arizonas Robert Meyer, Phoenix Children’s Hospital Kimberly McWaters, Universal Technical InstituteRichard Boals, Blue Cross Blue Shield of Arizona Susa n Frank, Desert Schools Federal Credit Union Jonajh Shacknai, Medicis Pharmaceutical Corp. Jim American Traffic Solutions Inc.
Derrick Hall, Arizonas Diamondbacks Roy Vallee, Avnet Inc. Todd LifeLock Inc. Richard Silverman, Salt Rivefr Project Philip Francis, PetSmart Inc. Davied McIntyre Jr., TriWest Healthcare Alliance Mike Ahearn, First Solar Inc. Neil Irwin, Bryan Cave LLP Rhonda Forsyth, John C. Lincoln Health Networo Brad Casper, Henkel Consumer Goods Inc. Dave Sonora Quest LaboratoriesLinda Hunt, St. Joseph’s Hospitalk and Medical Center “It wasn’t easy narrowing down the Valley’ s Most Admired CEOs to just 25,” Lowery said. “But as we shine the spotlight onthis year’e winners, keep in mind that a strong busines community is key to developing futuree leaders.
” Selections were made baseds on feedback solicited from the Journal’z newsroom, peers and others in the business community. To subscribe or orded a copy of the June 12 issude that includes thespecial jbertolino@bizjournals.com.
Saturday, June 2, 2012
Checketts wants to bring JetBlue to Lambert - Denver Business Journal:
ukatekexo.wordpress.com
Checketts is a founding memberof JetBlue’sx board of directors. He said he has been making introductionsw between other JetBlue directors and executives and Missouri officials for some even arranging a meeting several monthss ago in New York between JetBlue Chairmanm Joel Petersonand then-Missouri Gov. Matt Checketts, 53, frequently travels between St. SCP’s base in New York City and Salt Lake where SCP owns the franchisw RealSalt Lake. JetBlue is the official airlinew of the soccer team and Rio Tinto JetBlue entered intothat three-year agreementg in March and will pay the team a tota of $375,000 for the sponsorship.
Checketts personally controlws morethan 73,000 JetBlue shares worth about “I have a conflict sincre I have a personal interest in JetBlue coming here, so I’j just opening doors,” Checketts said. “But I’d love to see them fly here. The airporr has that big runway and the capacity tohandles them.” JetBlue serves 56 cities with 600 dailyy flights. New service to Baltimore; Kingston, Jamaica; and Saint Lucia begins this fall, subjecty to receipt of governmentoperating authority. Like many airlines, the company has experienced turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit crisis.
JetBlue reported a loss of $76 million last year compared to net incomsof $18 million in 2007, according to its annual The company expanded its fleetg by three Airbus A320s and five Embrae r 190s last year. It added only two new destinationwsin 2008, compared to five addedx in 2007 and 16 added in 2006. said last week that it from
Checketts is a founding memberof JetBlue’sx board of directors. He said he has been making introductionsw between other JetBlue directors and executives and Missouri officials for some even arranging a meeting several monthss ago in New York between JetBlue Chairmanm Joel Petersonand then-Missouri Gov. Matt Checketts, 53, frequently travels between St. SCP’s base in New York City and Salt Lake where SCP owns the franchisw RealSalt Lake. JetBlue is the official airlinew of the soccer team and Rio Tinto JetBlue entered intothat three-year agreementg in March and will pay the team a tota of $375,000 for the sponsorship.
Checketts personally controlws morethan 73,000 JetBlue shares worth about “I have a conflict sincre I have a personal interest in JetBlue coming here, so I’j just opening doors,” Checketts said. “But I’d love to see them fly here. The airporr has that big runway and the capacity tohandles them.” JetBlue serves 56 cities with 600 dailyy flights. New service to Baltimore; Kingston, Jamaica; and Saint Lucia begins this fall, subjecty to receipt of governmentoperating authority. Like many airlines, the company has experienced turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit crisis.
JetBlue reported a loss of $76 million last year compared to net incomsof $18 million in 2007, according to its annual The company expanded its fleetg by three Airbus A320s and five Embrae r 190s last year. It added only two new destinationwsin 2008, compared to five addedx in 2007 and 16 added in 2006. said last week that it from
Friday, June 1, 2012
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