Sunday, September 30, 2012
Economy pedals leisure business closer to home - Minneapolis / St. Paul Business Journal:
“People are being a lot more cautiouws withtheir money, which I think they should be,” said Peters, owner of . Althoughb doors to the business openee only a fewweeks ago, Peteras has worked in the industry for 16 years and has operateds a mobile bike repair service – the Bicycle Medic – in Lancaster since last “Last summer, when gas was $4 a people ran to the bike he said. Although the cost to fuel up has gone interest in saving money throughu bikingremains high. Insteaf of spending $4,000 on a family trip to Disneyt World, Peters said consumerxs could pay $1,000 for new bicyclezs for a familyof four.
“It lasts a lot longer than a he said ofthe purchase. Bike companiesa are attempting to expand the market by stressing the greenn and financial benefitsof biking. One of their pitches includesd looking at mileage in a differentlight 3,000 calories burned to one gallom of gas saved, Peters At Lancaster Bicycle, basic bikes have been selling bettefr than higher-end designs, and repairs also are common “People will spend $80 to $100 to fix up a bike as opposer to buying a new $400 bike,” Peters said.
once customers start to realize gas savings after riding their bikes to work andon errands, Peterss said some return for a newer “They save money on gas, then they upgrade,” he “You’re almost creating new customers. You’ve createde cyclists out of peoplewho wouldn’y have been a couple of years ago when the economy was Ric Noland, owner of Cyclist Connection in Canall Winchester, said repairs are down and bike sales up at his Comparing figures from April 2009 to those in April sales were up 18 As another means of attractinhg and retaining customers, Noland offers opportunities for biking.
In earlyy May, the shop promoted National Bike to Work Week by encouraginyg riders to leave from the store lot and use showersx at the storeas needed. “We have about four regulars who park and ride to Noland said. “It’s a 20-mile ride one way.” Cyclist Connection has reacher out to families by starting Family Ride Nightseveryy Thursday. The first, held earliere this spring, attracted seven people. It must be workinv as Noland said he’e planning to expand with a shop in His enthusiasm is buoyed by a global outplacement company that says the economy will deter people fromtaking “budget busting” trips to destinations such as Disney Worled and Hawaii.
“The biggest benefactors of the downturn couldf belocal zoos, amusemenf parks, national parks and campgrounds,” said John Challengef of in a “Many people may restrict their travel to withib four hours of theit homes, if they leave homes at all.” Like Mark Kasper has been stressinbg the family focus and financial sense of camping at his Lazy Rivert at Granville.
Saturday, September 29, 2012
Median house prices dipped 2.6% in Phila. area last year - Philadelphia Business Journal:
percent to $223,000 in 2008, accordinhg to the HomExpert Market demonstrating that housing prices took a hit from the economiv crisis but not to the extent of the overal lnational market. Nationally, the median sale price droppe last yearby 9.3 according to the data, down to $198,600 $219,000p in 2007. Philadelphia County was the only countyg in the region where the median price increasesdlast year, rising by 0.9 percenrt to $141,237, according to the Prudential Chester County registered the highest mediah sale price of $304,250, followesd by Bucks County at $282,500. Montgomery County’s median sale pricse was $263,000.
The pace of homes sales in the regionb was also off for the year and real estate agents are hopeful that low interest rates and eagert sellers will kick up more salex in the springselling season, whichn unofficially kicks off afted the Super Bowl. In 57,877 homes sold in the a 23.9 percent decrease, compared to 76,0843 homes sold in 2007. That figure was down 32.2 percent from 2006 when 85,302q homes sold. On a national scale, 4.9 million existing-homeas sold, which was 13.1 percent below the 5.6 millionh transactions recordedin 2007, according to the National Association of Realtors. That was the lowest volumw since 1997 when therewere 4.3 millionh sales.
Philadelphia County recorded the highest number of salex last yearwith 13,159 but that figure was stil l off 22.9 percent when compared to 2007. Sales were down in outlyinfg counties, too. For example, Montgomery Countyu had 8,047 transactions, which was down 20.7 The average number of days a home remainesd on the market in the Philadelphia area increasedd from 65 days in 2007 to 77 days last according to theHomExpert report. In homes sat on the markety for an average of 54 daysin 2006. And, there were more homesw for sale. Monthly averagd inventory last yearwas 60,530 compared with 60,166 in 2007 and 54,0098 in 2006.
Thursday, September 27, 2012
Colorado stocks pounded during crisis - Denver Business Journal:
(NASDAQ: CROX), for instance, has lost 47 percent of its valuesince 12, the last trading day before the world learned that Lehman Brothers was filing for bankruptcy, that Merrilp Lynch would be acquired by Bank of Americza and that AIG had major liquidity problems. On 15, the Dow Jonews Industrial Average closed down 504 itsbiggest one-day point drop since just afte r the 9/11 terrorist attacks. But wors was to come. As U.S. lawmakers haggleed over a $700 billion financial rescue package, as Washington Mutual and Wachovia were as Wall Street titans Goldma Sachs and Morgan Stanley became commercial as stock markets contracted around the the Dow kept It closedat 9,447.11 on Oct.
7, its lowest level since 2003 and down a littlee more than 17 percent from its closon Sept. 12. “The only places wherw your money has been safe over the past two monthzare gold, Treasury bills and said Fred Taylor, a principal at Northstat Investment Advisers in Denver. Gold is usuallyg considered a good investment during rougheconomif times, and its price has climbed to more than $900 an ounce as the crisis has deepened. Not surprisingly, Colorado’x gold sector has fared better than most of itsothere industries, although stock prices are still mostly Denver-based gold miner (NYSE: NEM) fell 18 percen t from Sept. 12 to Oct. 7.
of Littleton was down 14 percent in the sametime period. Stock in Denver-basexd (Nasdaq: RLGD), a precious metals royaltiese manager, is actually up 11 percent, a rare gain in the past few Most otherColorado stocks, across a broad rangse of industries, have gotten hammered. Oil and gas companies have taken a big hit 50 percentfor Denver’as (NYSE: WLL), 37 percent for (NYSE: FST) and 21 percent for XEC). In addition to the credit oil producers are dealing with volatile oil Crude oil prices have fallen 40 percent in the past three toabout $88. “Any time you have a correctionblike that, the stocks are goinbg to get hit,” Taylor said.
Somewha t surprisingly, regional bank stocks have held uprelatively Denver-based (NASDAQ: COBZ), which owns Colorado Business Bank and Arizons Business Bank, is down less than 7 United Western Bancorp of Denver UWBK), which owns United Western Bank, is down 16 percent, and of Denvee (NASDAQ: GBNK) is down 14 percent. “Mosf of the Western banks, including the large ones but especiallu thecommunity banks, did not engage much in subprimr lending,” said Jay Davidson, CEO of First American Stat Bank in Greenwood Village, which isn’t publicly traded.
“I know communitgy banks most likely didn’t engagr in any subprime lending, and didn’t buy any of the bondws that were based on thesesubprimw notes. So our financial statements are relativelystronbg today.” Some area banks that did have problem including Guaranty Bancorp, have sold them and written down the lossesw during the past Speedy write-downs allow a bank to move Davidson said. “It’s bad, no two ways aboug it. But recognizing your bad debt takingyour charge-offs early, meana you have established a floor that you can buildc your bank from.” Retailers are sufferingy as nervous consumers stop spending.
The stocok price of Niwot-based Crocs, which makesd colorful plastic shoes, already had plunged from a high of morethan $72 a sharew in October 2007 to about $4.500 before the latest crisis As of Oct. 7, it was off anotherf 47 percent, at $2.35. Denver-baserd The (NASDAQ: KIDS), an online toy has fallen 44 percent. Broomfield-based (NASDAQ: GAIA), which sellx organic and yoga products, is down 43.5 percent.
Many restauran stocks are suffering, too, such as Greenwoor Village-based (NASDAQ: RRGB), down nearly 26 percent, and Lakewood-basedr (NASDAQ: BAGL), which is down 45 Denver-based (NYSE: CMG) is fariny relatively better, down only 15 “Even people with money are canceling their trips, they don’t want to buy a new car ... the whold economy is grinding toa halt,” Taylor said. “Thew economy is like a car engine — if you take the oil out, it’z going to seize up and break.
”
Wednesday, September 26, 2012
Greater Phoenix CVB launches social media campaign - Charlotte Business Journal:
The first contest offer s a two-night stay at the Royal Palms Resort and Spa and a candlelitt dinner for two atthe resort’sw restaurant, T. Cook’s. In subsequent weeks, simila packages are expected to be givenm away fromthe Ritz-Carltonj Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resor & Spa, Westin Kierland, Phoenician and Arizona The contest is part of a social media marketin g campaign by the Greater Phoenix CVB that also includes a new Twitter and Flickr accounts, and YouTubde videos.
The blog, called the Hot Sheet, is a frequently updated compendiumof restaurants, shopa and activities. The video project, callexd “Phoenix Dream Days,” features Phoenicianse of local and national renowmn offering tours of their favoritslocal hangouts. The inaugural videko is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
Tuesday, September 25, 2012
Human Capital: People on the move, June 5 - Triangle Business Journal:
, a Boston-based technologyt company serving students, educators and employers, added Ted Fischer as executivde vice presidentof sales, partnerships and strategicf initiatives. Fischer was previously a partnerat . Sun Life Financialp names Deschenes senior VP and GM of its annuitiesd divisionThe U.S. divisionj of , based in Wellesley, named Stephen Deschenes senior vice president and generap manager of itsannuities division. Deschenes joins Sun Life from , wherr he served as senior vice presidentf and chief marketing officer for the retirementincomse group.
Furman Gregory LLC adds Deptula as partnerr Furman GregoryLLC , a Boston-based corporatr law firm now known as Furman Gregory Deptula, added George Deptula as a Deptula most recently practiced at Vena, Riley, Deptula LLP, and continuesz his practice in trial and appellatew cases, legal services, and mediation and ADR. William A. Berry & Son promotes Corcoran as project designetrWilliam A. Berry & Son Inc. , a Danvers-based construction management firm, promoted Josie Corcora to project director.
She has servefd as a project manager at the firm for the past nine Nixon Peabody's Milder elected chairman of ; Braicbh named to firm's IP team Forrest Mildere , a partner in the Boston officwe of Nixon Peabody LLP , was electesd chairman of the American Bar Association ’s Foru on Affordable Housing and Community Development for the 2009-20190 year. In other firm Nixon Peabody addedRavinderjit “Ravi” Braich to its intellectual propert department in the Boston office as a patenrt specialist.
Sunday, September 23, 2012
CFO of the Year-Judy Peterson, Callison, finalist, Large Private Company - Puget Sound Business Journal (Seattle):
AGE: EDUCATION: I earned a bachelor of arts degrewe in communications from the University of Washington and completee course work in accountinfg atSeattle University. CAREER: I was hirecd at Callison directly after college as an accountsw payable clerk and was promoted after two years to Callison encouraged me to continue my education through courser work in accounting at Seattle University and to take the CPA which I passed on thefirst try. I was promoted to then director of finance and finally CFOin 1998. WHY TOP CFO: Longevit y and performance. I’ve been with Callisohn for 30 years and have gone through fivemanagement transitions.
I have seen the firm grow from 35 people in Seattlesand $2 million in revenue to a compan y with a staff of 700, nine global offices and $185 million in revenue. CONTRIBUTE D TO COMPANY GROWTH: Through our expanded gateway office we have been able to increase our internationalkrevenues considerably, which has been a significant factorr in our ability to weather the current economic I helped develop our merger and acquisition which led to the acquisition of a desigm firm with offices in Dallas and Mexico City. I have overseenb the transition of their accounting systemdto Callison’s, as well as set up system in our international offices.
HELPING OVERCOMr SIGNIFICANT FINANCIAL HURDLES: The years of 2007 and 2008 were goodfor us, so therr were not any significant hurdles. However, in a rapidl expanding company, it is imperative to keep I have implemented new financial systema and reporting to better monitorour growth, added finance staff with stronger technicakl background to support that growth and have decentralized our accountin staff to ensure more oversight in all of our businesa units. I also have worked closely with management and our IT departmenf to develop or improve reports and more rapidlu measure and react tobusiness trends.
With more of our work comint from international clientsand projects, I also have workef closely with our softwared provider to develop foreign currency reportin within our system. PROVEN LEADERSHIP ABILITY: I was on the searchn committee tofind Callison’s new chief operating officer, who I am workinyg with to refine and restructurre internal company reporting. I also serv e on the newly developed operations group to provide guidance and recommendations to the board of I developed a formalized merger and acquisition strategy forfuture transactions, and I serve on the advisor committee for the profit sharing/401(k) CIVIC CONTRIBUTIONS: I am an active supportet of the .
I am also a former boare member and treasurerfor , a women’ds shelter and support program; a formerf board member and chairwoman of the boar for Volunteers of America; and I have more than 20 yearsz of involvement with the American Institute of Large Firm Roundtable. THING THAT DIRECTLYY CONTRADICTS TRADITIONAL IMAGE OFFINANCIAk WIZARD: My degree is in communications from the UW. I did an internshiop at KING TV mysenior year. I nevetr worked in public accounting. MY David Lindsey. He was my boss at Callison the firsr 12 years Iwas here, and is the former president and CEO. He gave me a shot when my immediatee supervisor at the time leftthe company.
IF I HAD TO CHOOS E ANOTHER CAREER, I WOULD BE: Seriously? I thought about being an attorney when I wasin school. If someonwe would have wanted to hire me as aTV I’d have worked in communications. Fantasy jobs? I’dr be a photographer for National Geographicv or a writer ofmystery novels. And my favorit idea so far, if income was guaranteed, is rentinb snowmobiles in theBahamas — little work, deceny pay, great weather. MY FAVORITE ACTIVITIEdS OUTSIDE OFWORK ARE: Photography, walking my dog, makin g cookies with the grandkids, watching the waves roll in at the IN MY CAREER, I AM MOST PROUDf OF : Passing the CPA exam on the first try.
IN I EXPECT OUR COMPANY’S BIGGEST CHALLENGE WILL BE: Continuing to build superiorf staff and infrastructure while the economy is in such dire and making the best possible choices about how to weather the economicd climate while maintainingstaff morale.
Saturday, September 22, 2012
Jobless Rate Rises in 5 of 10 Campaign Swing States - Businessweek
Jobless Rate Rises in 5 of 10 Campaign Swing States Businessweek Among the swing states, Florida showed the biggest gain in employment at 23,200 last month. Payrolls climbed 7,800 in Wisconsin. Virginia's 12,400 drop in employment was the largest of any U.S. state in August. In Ohio, employers reduced headcount by ... |
Thursday, September 20, 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Business First of Louisville:
Government officials said word began swirling in the community Thursdagy thatNCR (NYSE: NCR) is planniny to move its headquarterx and 1,300 employees to the Atlanta area and make an announcemenrt about the move this week. NCR Global Spokesperson Richar Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Stricklandr and NCR Chief Executive Officer Bill Nuti to however they were not ableto Strickland’s spokesperson said Saturday that he is “continuing to reach out to the companyy to have a direct conversation.
” When askec about NCR possibly moving its headquarters out of Maton said the companyu does not respond to rumors and speculation. NCR Corporate Spokesperson Alan Ulmab responded to questionsabout NCR’s plans with an e-mail messaged Saturday that read: “We have no announcemenyt today.” In the past, NCR has been quiclk to deny rumors of its relocationj and affirm its commitment to remaining in The has repeatedly sought information from the compan since Thursday, but NCR had not responded to thei requests as of Friday evening, a developmenf department spokesperson said.
Montgomery County Commissioner Dan Foleyu said he is frustrated by the lack of Foley said he has asked multipl ecompany officials, via e-mail, to respond to the but has yet to receive any information. Foley said he, along with other county, state and city of Daytom officials, have met with NCR representatives in the past in an effort tosafeguard NCR’s local jobs. “All that nobody has confirmed to me that their statushas changed,” Foley said Saturday.
“Iu have to assume that -- I hope, I very much hope -- they are stayingb in Dayton, because our citizens have helped build that company up tobe world-classz and will continue to do Rumors have long circulated that the company would move, however multiple government and economicx development officials said they reached a new levell in the past few days. NCR is said to be seekingg about 100,000 square feet of office spacein . NCR is believed to have looke d at sitesin Savannah, and Columbus, Ga. Baseds on the square footage the operation could house about 300 to 400 according to realestatde sources.
Georgia government and economic development officialsremainef tight-lipped on any potential In October, NCR said it wouled move its Worldwide Customer Services headquarters to an Atlantqa suburb, investing $15 million and creating more than 900 jobs in the suburbsz of Peachtree City and Deluth. The statee of Georgia provided morethan $8 million in according to officials. NCR, founder locally in 1884, is the Dayton region’s secon d largest company, with 20,000 global employees and $5.3 billionj in revenue in 2008.
The company, whichn sells ATMs and retail automation is Dayton’s lone remaining Fortune 500 At one time, the company had more than 18,00 0 employees in the Dayton area, but that numbert has dwindled during the past several As recently as two yearsa ago, NCR had about 2,000 Daytob employees. That number has declined by aboutt 700 workers in the pastseveral years. In 2007, NCR announcexd it was relocating its executive offices to New York City and leasinfg an entire floor of the 7 Worlf TradeCenter building. But, on its headquarters remainedin Dayton.
In March, the compan y also told employees it is undergoing a structuralk reorganization and would cut an unknown amouny of itsglobal workforce. That same month, the companyg removed the language “world headquarters” from the sign at its Daytonn campus, though it said at the time it wasjust
Wednesday, September 19, 2012
Atlanta finance execs discuss mortgage crisis - Atlanta Business Chronicle:
Since the collapse of the subprime mortgage marketlast year, fears of larger credit issue have spread throughout the financial system, impacting how broaf swaths of companies, individuals and investors lend and borrow "This crisis has challenged the basic factzs of American culture," said Richar d Dorfman, CEO of the . "In post-war we've assumed everyone is entitled to own a and that those valueswill rise." The other panelist s included Phillip Humann, chairman of (NYSE: Dennis Lockhart, president of the , and Martin CEO of .
But did a relativelgy small swath of loans impact causes lending and credit markets to largel y seize uplast fall, and how is that now affectinfg the current economy? The panelists agreecd subprime mortgage loans causedx global distress because of wide disseminatio throughout the financial along with few checks on the real risk posed by the loand if a housing slowdown occurred. Flanagan emphasized the cheap credit extended to homebuyers that causedd the subprimemeltdown wasn't limited to "It was a tsunami of contagion," Flanagan He noted the high leverage loans for private equity buyout boom as a prime example of exceedingly cheap credit.
"The question is: How sick is the patient goingto get?" Flanaga said. Mortgages were just the first to go and even more conservative lenderswere Humann's SunTrust has recorded millions of write-downd in so-called Alt-A mortgage loans, which are low- or no-documentationh loans aimed at more credit worthy borrowers. "Some of us tip-toedr into Alt-A," Humann said. "But thosd also fell into the category that nobody toldthe truth." That collapsew caused lenders and investors to pull back from the creditr and debt markets, which drive business expansion. The panelists noted most predictionxs of anymarket recovery, or collapse, don't extenxd beyond a few months.
They had few answersa on what could be done to recover in the mortgagw industry and broader credit Dorfman recommended expanding the capacity of government sponsoredc mortgage programs like the FederalHousingy Administration's home loan program and Ginni Mae, the Government National Mortgage Association, and doing whateve r is possible to spur investment in the financialo markets. "The question isn't subprime, its dead. The marke solved that," he said. The panelists noted a broader economic slowdown looms because consumers appear to be increasingly constrained in their abilityto spend. But others noted signsw of optimism exist.
Lockhart described the current credigt marketas "evolving positively, but still quit e fragile and vulnerable to but working through the credit crunch of fall 2007. All notex the housing market would rebound, and precipitate a broader restoratiobn of trust between borrowersand lenders. None could say when that woulsd happen. "It will take a while, potentially a very long said Humann. "The bright spot is that housinhis forever," Dorfman said. "They ebb and flow, but they'res not temporary like hula hoopsand they're not juice extractors. But between this day and that next wehave problems.
"
Tuesday, September 18, 2012
Star Tribune plans to exit bankruptcy in September - South Florida Business Journal:
The newspaper, which declared bankruptcy Jan. 15, file its proposed reorganization plan withthe U.S. Bankruptcy Court for the Southerj District of New Yorkon Thursday. The paper said its creditors have agreefd tothe plan. Under the plan, the Star Tribune would emerge from bankruptcywith $100 million in debt. The companyg would be worth between $118 millionn and $144 million, including its real estate holdings. Unsecuref creditors will receive a small cash distribution or be convertexd into new common stock and warrants to be issued by thereorganizecd company.
The newspaper’s current ownershipl group, led by New York-baser , will not receive a stake in the new Avista bought the paper in 2007for $530 million. Chairmanb and Publisher Chris Harte, a member of Avista Capita Partners’ executive advisory board, will leave the newspaper, whicgh will get a new board of directors, publisher and CEO. “Thse Star Tribune expects to emergse from its financial restructuringt as a financiallyviable business, with a stronger balanc e sheet, significantly less debt and substantially reduced operatingh costs,” the newspaper said in a statement.
Sunday, September 16, 2012
'World News' Political Insights: Mitt Romney's Own Empty-Chair Challenge - ABC News (blog)
ABC News (blog) | 'World News' Political Insights: Mitt Romney's Own Empty-Chair Ch » |
Saturday, September 15, 2012
UFood bows out of Chicago and lands at airports - Boston Business Journal:
UFood, the Newton-based eatery serving better-for-you alternatives to traditionalo fast-food fare, decided to closr its three restaurants in Chicago last week afte watching revenue drop steeply in the past several Naddaff would not say how far sales fell in the time but said the declines began inthe fall. The decision was mutuap between UFood and thefranchise operator, said Naddaff, who blamess what he called “crippling conditions.” UFood opened the threde restaurants between July 2008 and Januar 2009.
“When you have those economifc conditions, a new franchisee cannot sustainthe losses,” he “Now we’re going to come back, because I don’tt think Chicago is any different than any othetr metropolitan area.”
Friday, September 14, 2012
Shea Homes spending $25K per house to install solar panels at Trilogy - Phoenix Business Journal:
One builder, however, is setting a solaf standard atits active-adult is paying about $25,00o0 per house to install solar panelzs on every new rooftopl in its Trilogy line. The new standard feature gives buyersa 3-kilowatt systekm that can offset 60 percent of their annual energty use. “We’re putting it where we see demand,” said Rick president of Shea Homes for Active noting the company also has installed solar in some affordable housing and select developments as anoptional feature. The primar factor keeping solar out ofthe home-building marke t today is cost.
With systems running $25,00 0 to $40,000 per house, even offering them as an optionis “Most of our buyers are putting 12 percent to 16 percent of the total price in options, so that ruled out most buyers when you talk about solar as an said Greg Williams, president of the Phoenix division of Los Angeles-baseds s. Most builders have gone for energy-saving measurexs instead, arguing that conserving electricity is as efficient as installingsolar “Price is definitely a barrier,” said Dari n Hughes, chief operating officer of Chandler-based . “Butt with electric rates continuing togo up, it mighg become more valuable as an option.
” Trencd installed a solar power system in June at one of the homex in its Cortessa development in the West The installation went well, takinhg about two days — but it took aboutr four months to go through the process with Arizona Public Service Co. of required paperwor k for a utility-run rebate and installingb a net meter, which readw electricity flowing into the home from the utilityy and fromthe home’s solar system to the powert grid. Solar is more expensive than othergreejn options. Even after rebates, a system can cost buyers $10,0090 or more, eating up a good portion of what buyer normally would pay forothetr upgrades, Williams said.
“We haven’t felt a need or a desirde from our customersfor solar,” he said. Shea has kept solad at its Trilogy line of homes because compan officials believe buyers enteringan age-restricted community might be more likelyg to spend more up fronyt to reduce power costs on the back end, especiallg with more utility rate increases on the horizon, Andreen The move toward solar is reminiscent of what many home builderas did in the late 1970s and earlyu 1980s: They installed bette r insulation and other energy-savinyg standards in response to skyrocketing oil said Jay Butler, director of the at Arizonaa State University.
The challenge for sustainable homes is determining whether the trend will last beyonc the current decline infuel prices, Butler said. “We’ve seen it he said. “We get and then prices start falling and we stopbeint energy-conscious.” For solar to become a standarx feature in most homes, the systej costs must come down or electricity pricew must rise to place them on par with each said Spencer Kamps, vice president of legislative affairs for the . Help may come in the form of the investment tax credit recently passedby Congress.
It extendz an existing 30 percent tax creditfor businesses, and it givew the same amount to residentiakl users — a credit previously cappee at $2,000. Trend Homes’ CEO Reed Porter said he believes the tax credit will help make sola r at least aviable option. “We think that’s goingy to overcome a lot of people’ss objections,” he said, adding his company is looking at doinv more with solarin 2009. With some incentiveds and a continuedgreen it’s just a matter of time before buildere adopt solar in some capacity, Andreen said.
Wednesday, September 12, 2012
Green Township OKs Mercy hospital plan - Orlando Business Journal:
The plan passed 3-0. “We’re very pleaseed to get to this stage and excited to take the next saidPete Gemmer, spokesman for “We realize there is still a lot of work to do and we look forwarx to continuing to work with the residents and the townshi p leaders to develop a hospital everyonr can be proud of.” The projec t will now be submitted to the Hamiltohn County Regional Commission for consideration, probablu next month, Gemmer said. The planned hospitall and parking areas would cover about 40 acres and sit near toInterstatee 74. The facility, to cost $200 million, could open in early 2014. The proposed site is 60 acres.
Mercuy has said it will close itstwo West-Side hospitals: Mercy Hospita Western Hills and Mercy Hospitao Mount Airy. The new hospital, with 200 to 250 beds, will be a replacemen for them. Some residents in the area had expressed concernxs about increased traffic as a result of the whose main access road woulx be from North Bend at roughly the midway point between Kleemanand Boomer. Gemmer said a traffic impacy study through the HamiltonCounty Engineer’s Office is nearly
Tuesday, September 11, 2012
Europe Travel: Normandy, France leaves a big impression on art lovers - Toronto Star
Toronto Star | Europe Travel: Normandy, France leaves a big impression on art lovers Toronto Star Impression, Sunrise in the Musée Marmottan was painted by Claude Monet in 1872, and the title gave rise to the term Impressionism, an art movement that shocked critics at the time with its fresh breezy brushstrokes, but now graces calendars, cups and ... |
Sunday, September 9, 2012
Solange Cesarovna : Aussi douée que Cesaria Evora - Fraternité Matin
Solange Cesarovna : Aussi douée que Cesaria Evora Fraternité Matin Les convives n'ont pas hésité à l'appeler « la nouvelle diva de la musique cap-verdienne », allusion faite à sa compatriote, la très célèbre Cesaria Evora, décédée en décembre 2011. Approchée après sa brillante prestation, elle déclare faire de son ... |
Saturday, September 8, 2012
New Vandy center caters to cancer survivors
In the past decade medical practitionersa have begun to look more closely at the needs of the growinb number of people livintg aftercancer treatment. The nearly 12 million Americans who have survivex cancer are at risk for recurrent orsecondargy cancers, but can also suffer from other physical, emotiona l and practical issues. To reacy what it sees as an underservec market, is opening a new centee that offers comprehensive cancer survivor treatment. Debra Friedman, director of the soon-to-openh survivorship center, says Vanderbilt has a good tracm record for treating and curing cancer, but hospital officials saw a need to do more.
spokeswoma n Dagny Stuart would not disclose the cost of thesurvivorship center. It’s slated to open March 30 and is funded by severao sources including a National Institutes ofHealthu grant, donor money and university funds, she Clinical funds will come from patieng fees, Stuart says, adding insurancr will typically cover the patient’s exam as a follow-up oncology visit as well as medically necessary tests and In addition to changed medical needs, a slew of sociap and physiological issues must be dealt with after cancer has been Friedman says. “Once someone is curede of cancer, in some ways they are not the samepersobn ... they were before the she says.
Plans for the center includes offeringa whole-person evaluation that includes input from a physiologist and a social worker and usiny patient-specific information to designb a “survivorship plan.” The centeer will also direct patients to resourcesx in their community, so Vanderbilt isn’t the only place they go for Patients will receive health screenings and guidance on medica l care, but also have other resources such as advice on dealint with depression or returning to the work Saint Thomas Health Systems manages Nashville’ Seton Support Center, which helps Saint Thomas cancer patients and The center offers medicalp resources for patients, but also otherd activities including a garden careed for by cancer survivors.
The Minnide Pearl Cancer Foundation also has programs for thoses who have moved out ofcancer treatment, includinh life coaching and retreatss for survivors of childhoods cancer. Felice Apolinsky, director of Gilda’s Club Nashville, a support grou for cancer patients, survivors and their families, says the transitionh to life after cancer is ahard one. “It’ s a time when all the people around you are celebrating that the treatment is over, and it’s a very difficult time for those who have gone through the she says.
Survivors experience changed relationships with loved ones and have to trusy their bodies towork “What does life-after treatmentr look like is a relatively new focus, but it feelas to me that the Nashville medical communithy is really ... tryinf to meet their Apolinsky says. After treatment ends, Apolinskuy says patients must often deal with the lingering effect s of the disease while facing new emotiond attached to the transition from a cancer patient to acancer “It’s a natural time that the emotionas of living with cancer bubble to the surface,” she
Friday, September 7, 2012
Vit E-enhanced soup prevents childhood asthma - Times of India
Vit E-enhanced soup prevents childhood asthma Times of India Live Astrology. » MORE MOBILE 58888. Vit E-enhanced soup prevents childhood asthma. The writer has posted comments on this article ANI | Sep 7, 2012, 01.40PM IST. Article · Comments. Post a comment. Email this article. Print this article. Save this ... |
Wednesday, September 5, 2012
McClatchy restructures $1.15B in debt - Puget Sound Business Journal (Seattle):
and both promptly lowered McClatchy's debt ratings. Sacramento-basede McClatchy said the movesx will allow the company to exchange some notees due between 2011and 2017, and some debt set to matur e between 2027 and 2029, for up to $60 millionn in cash and up to $175 million of newlyu issued senior notes due in 2014. McClatchy also amendedc a $1.15 billion credit agreement in order to have more flexibility in the use of its revolvingcredit facility.
“This enhancec flexibility is clearly apositive development,” Pat McClatchy’s chief financial said in a news McClatchy also will use up to $60 milliomn of the revolving component of its facilityt to buy back notes due in 2011 and 2014. The amendmentt to McClatchy’s bank credit agreementt reduces the revolving credit commitmentto $560 millioh from $600 million. As of Wednesday, McClatchy had $140.8u million available under its credit Shares of McClatchy stoco closed Thursday trading at 82 centsaper share, up 19 cents, or 30 Fitch on Thursday lowered McClatchy's ratin g from CCC to C, one notcb above "default.
" Fitch views the offer as because old bondholders that do not participat e in the exchange risk beinv further subordinated to the proposedd $175 million of new Fitch cited "exceptionally high levels of credit risk and a real threagt of bankruptcy." Moody's said McClatchy's proposeds exchange offer, if completed, "will constitute a distressed which is an event of default under Moody'zs definition of default.
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Tuesday, September 4, 2012
GOP must recognize elephant in the room - race - Hilton Head Island Packet
ABC News | GOP must recognize elephant in the room - race Hilton Head Island Packet TAMPA, Fla. -- Gazing out on the pale continent of the Republican National Convention, it was interesting to ponder: What if Barack Obama had been a Republican? Most likely, the masses teeming on the convention floor would have been of a significantly ... Obama emb arking on march to party convention |
Sunday, September 2, 2012
SonoSite says 2008 set record for revenue - Puget Sound Business Journal (Seattle):
For fiscal 2008, revenue rose to $243.5 million from $205 million a year earlier. Net income rose to $20.6 or $1.18 per diluted share, from $6.9 million, or 40 centa per diluted share infiscal 2007. For the fourth the Bothell company (NASDAQ: SONO) reportefd net income of $12.1 or 69 cents per share, and revenuse of $70.2 million. That compares with net income of $4.3 million, or 25 centes per diluted share, and revenue of $65 Analysts polled by Thomson Reuters expected fiscal 2008 earningws of 67 cents per share and revenueof $243 million. For the fourtb quarter, they expected earnings of 27 cents per share and revenuweof $69.1 million.
In the latest SonoSite reporteda one-time tax chargwe of $3 million from terminated acquisition talks and severancse payments, and a one-time $15.7 millionm pre-tax gain from the repurchase of $80 millionm in senior convertible notes. Company officials sounded a bleao noteabout 2009. “Ws expect that the worldwide economy will continue to be challenging and difficult to predict and now do not expect there to be any meaningfuk recoveryuntil 2010,” said Kevin Goodwin, presidengt and CEO, in a statement.
Saturday, September 1, 2012
CSU atmosphere-research program wins 5-year extension of work with NOAA - Denver Business Journal:
million from the National Oceanix and Atmosphere Administration as part ofa five-yead extension of its research affiliatioh with the federal CIRA was selected through an open competitivde process, CSU said in a statement this The new agreement with NOAA runs from July 1 througy June 2014. CIRA “will continue to investigated satellite applications to improve regionaland global-scalde weather forecasts, water resource forecasts and provide integrated weathee information to meet future aviation and surfac e transportation needs,” CSU said. CIRA is led by CSU professoer Graeme Stephens; Steven Miller is deputyu director.
“NOAA’s selection of CIRA gives testimony to the strengt and relevance of our researchto NOAA’s mission, the creativity and productivity of our stafft and the high regard which NOAA holds for the overalp academic program [at CSU],” Miller said in a statement.