Bluegreen Corporation's Outdoor Traveler Explorer Guide Wins National Benny ... PR Web (press release) Bluegreen Corporation (NYSE: BXG), a leading provider of Colorful Places to Live and Play, today announced that its Outdoor Traveler Explorer Guide print project has been awarded the coveted “Benny†award from the Printing Industries of America's ... |
Friday, September 30, 2011
Bluegreen Corporation's Outdoor Traveler Explorer Guide Wins National Benny ... - PR Web (press release)
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Tuesday, September 27, 2011
Liquidia hires another Johnson & Johnson executive - Houston Business Journal:
paramonaxogilozi.blogspot.com
In his new role, Templeman oversees the manufacturinhg unit for the ResearchTriangle Park-based nanotechnolog company. Liquidia Technologies Inc. designs, develops, and manufactures preciselu engineered particles and films for a variety of life and materialsscience applications. Templeman brings to Liquidia a diverse array of clinicalp and commercialmanufacturing experience. He also has extensive knowledgs in regulatory compliance and shares our passion for bringing safer and more effectivre therapiesto market,” Fowler said in a Liquidia, founded in employs 50 people in two sites in RTP.
In his new role, Templeman oversees the manufacturinhg unit for the ResearchTriangle Park-based nanotechnolog company. Liquidia Technologies Inc. designs, develops, and manufactures preciselu engineered particles and films for a variety of life and materialsscience applications. Templeman brings to Liquidia a diverse array of clinicalp and commercialmanufacturing experience. He also has extensive knowledgs in regulatory compliance and shares our passion for bringing safer and more effectivre therapiesto market,” Fowler said in a Liquidia, founded in employs 50 people in two sites in RTP.
Sunday, September 25, 2011
High natural gas prices ignite hotel surcharges - Dayton Business Journal:
ejyceh.wordpress.com
Either through a surcharge or increasedcroom rates, hotels across the countryh are charging guests an extraz few dollars per night to compensatr for outrageous natural gas Locally, at least two hotel s are charging the energy fee. Ron Monte, generalk manager of Holiday Inn Dayton sayshis 195-rooom hotel started addiny a flat $2.50-per-night surcharge to its guest bills back in March. Miamisburg's Signature Inn, with 125 began tacking a $3-per-night surcharge onto guesy checks twomonths ago. It's a necessaru evil in the hospitality business this Monte says. But his staff tellw guests about the fee up front andthey don'ty seem too bothered by it.
"We have it posted at the fronr desk; (we tell them) when they call for It's not a hidde n charge at all," he While many Marriotts across the countryuare surcharging, local Marriotts are not, said John general manager of the 399-room Dayton Marriott Hotel on Southg Patterson Boulevard. Dayton Marriott's energy bills have shot throughgthe roof, Buntemeyer says. The hotel has paid $40,000 more for natural gas so far this year than for the same periodclast year. But his hotek still didn't meet the company's litmus which calculate the extra cost of energy per occupiede room to determine whether or not to pass the increasee alongto customers.
Jeff Baumgartner, generao manager of the Crowne Plaza in downtown says his hotel has paid about 50 percenr more for natural gas so far this year than it had by this time last But it decided to adjust room rates to accommodatre theincrease -- something hotels do when any expense goes up. "We felt it wasn't to tack on a Baumgartner says. The new general manager of downtowb Dayton's DoubleTree Guest Suites Hotel says gas pricex have put a drain onhis too. The 137-room hotel paid a $26,0009 gas bill in May, $10,00 0 higher than the May 2000 bill, Bob Holstebn says.
But like Crowne, DoubleTrew has decided to recoup the cost througj slightly increased room rates rather than through anactuakl surcharge. Statewide, it's not clear how many hotel s are usingthe charge. The Ohio Hotel and Lodging Associationj doesn't track it because it wants to stay saysBart Hacker, associatio public affairs director. "We neitherr endorse it nor condon it," he says. "We've just made sure to let all the hotelx know that if the energy surcharges are put in that everybody's got (to adequate notice." Slipping such charges onto bills withoutf warning has reportedly gotten some hotelw in California in hot water.
Localk hoteliers say they've been spooked by a class-cation lawsuitf filed in May in SanFranciscok County. The suit targeted such big-name chains as Hilton and Starwood for not disclosingv the surcharge to guests at Monte says he hopes to quit charging the fee this But as fickle as the energymarket is, who knowse whether natural gas prices will allow for that. "If you can figurer that out," Buntemeyer "you and I, we'll go to Wall Street and we'll quit our phony balonety jobs and make a lotof
Either through a surcharge or increasedcroom rates, hotels across the countryh are charging guests an extraz few dollars per night to compensatr for outrageous natural gas Locally, at least two hotel s are charging the energy fee. Ron Monte, generalk manager of Holiday Inn Dayton sayshis 195-rooom hotel started addiny a flat $2.50-per-night surcharge to its guest bills back in March. Miamisburg's Signature Inn, with 125 began tacking a $3-per-night surcharge onto guesy checks twomonths ago. It's a necessaru evil in the hospitality business this Monte says. But his staff tellw guests about the fee up front andthey don'ty seem too bothered by it.
"We have it posted at the fronr desk; (we tell them) when they call for It's not a hidde n charge at all," he While many Marriotts across the countryuare surcharging, local Marriotts are not, said John general manager of the 399-room Dayton Marriott Hotel on Southg Patterson Boulevard. Dayton Marriott's energy bills have shot throughgthe roof, Buntemeyer says. The hotel has paid $40,000 more for natural gas so far this year than for the same periodclast year. But his hotek still didn't meet the company's litmus which calculate the extra cost of energy per occupiede room to determine whether or not to pass the increasee alongto customers.
Jeff Baumgartner, generao manager of the Crowne Plaza in downtown says his hotel has paid about 50 percenr more for natural gas so far this year than it had by this time last But it decided to adjust room rates to accommodatre theincrease -- something hotels do when any expense goes up. "We felt it wasn't to tack on a Baumgartner says. The new general manager of downtowb Dayton's DoubleTree Guest Suites Hotel says gas pricex have put a drain onhis too. The 137-room hotel paid a $26,0009 gas bill in May, $10,00 0 higher than the May 2000 bill, Bob Holstebn says.
But like Crowne, DoubleTrew has decided to recoup the cost througj slightly increased room rates rather than through anactuakl surcharge. Statewide, it's not clear how many hotel s are usingthe charge. The Ohio Hotel and Lodging Associationj doesn't track it because it wants to stay saysBart Hacker, associatio public affairs director. "We neitherr endorse it nor condon it," he says. "We've just made sure to let all the hotelx know that if the energy surcharges are put in that everybody's got (to adequate notice." Slipping such charges onto bills withoutf warning has reportedly gotten some hotelw in California in hot water.
Localk hoteliers say they've been spooked by a class-cation lawsuitf filed in May in SanFranciscok County. The suit targeted such big-name chains as Hilton and Starwood for not disclosingv the surcharge to guests at Monte says he hopes to quit charging the fee this But as fickle as the energymarket is, who knowse whether natural gas prices will allow for that. "If you can figurer that out," Buntemeyer "you and I, we'll go to Wall Street and we'll quit our phony balonety jobs and make a lotof
Friday, September 23, 2011
City center retailers holding their own despite economic downturn - Birmingham Business Journal:
lebexab.wordpress.com
“On Mondays, we have out-of-towners looking to kill time before they leavre after aweekend conference,” she “On Saturday, we get a random mix of Kendrick, who operates a fair trade shop, is amontg a growing list of merchants breathing new life into the centrall business district’s retail scene. But despite some new times have clearly changed frompast decades, when downtownse were the dominant retail destination. “Most downtowns, includingh Birmingham, aren’t trying to recreate or resurrectt their downtowns as the great shoppinyg mecca of the 1950sand 1960s,” said Fran senior vice president of Operation New Birmingham.
With most “big box” department storesw leaving for suburbia, that would be next to Instead, Birmingham is looking to attracg service-oriented workers to the city center in ordetr to meet the needs of the people who live andwork downtown. While some retailers, such as , have left the city centerf inrecent years, downtowh leaders say there is a strony market in the area for retailers who want to locatse there.
ONB Vice President of Communications Robert Emerick said therw areapproximately 80,000 people who work in the city with 35,000 in the downtown “That’s a significant market, and successful retailers who succee d will be the ones providing goods and services for thosw people,” he said. Emerick admits the recent touggh economic times have takentheir toll, but not with dire “The recession has hit downtown just like it has everywherer else, but retailers here seem to be weathering the especially restaurants,” Emerick said.
Sevebn new restaurants have recently opened or are planning to open soon in the includingLa Gabriella’s, Rogue Tavern, and a rooftop bar at Redmonr Hotel. Emerick said new retail in the area is more likely to be gearedc toward serving the people who live and work in the rather than trying to lure consumers back from the suburbabn shoppinghot spots. That means that luriny a major grocery store is a priority for thecity “There’s certainly a chicken and egg componenf to the residential/retail Emerick said.
“Publix and considefr residential density a critical element in deciding where to build new With the addition of several loft projectws inthe mid-2000s, Emerick said the city center reacherd the critical population mass necessary to support a grocerg store, and that is something ONB considers a majotr priority. “One of the questions most askedis ‘When are we gointg to have a grocery store downtown?’” he said.
Main Streey Birmingham Executive Director Davidc Fleming said the overall health of retaik in the district depends on the typeof “Places like coffee shops and galleries that appeal to an urbanm dweller or worker are doing well,” he “The kind of retail you find in a typical shopping center or mall are still hesitant to as evidenced by the recent closing of We need more unique stores you can’tf get any other Local commercial real estate brokers say additionak entertainment options downtown could help create a bettefr retail base outside of work “There is a good base of daytime workers in the but that limits the retailers to traffi Monday through Friday from 8-5,” said Dean Nix, seniot vice president of Nix said existing options, such as the , and plannef developments, including Railroad Reservation Park, will help along those lines.
“Givinf people green space will offer them the opportunityu to come downtown when they would otherwise neverr have a reasonto visit,” he Jason Bajalieh, owner of the recentl y opened , says transportation and parkinf issues can’t be overlooked in the “We need to be able to move peoplew in and out of downtown much fastert than getting into theifr own vehicle to drive a few Also, we need more communication a journal or weekly paper of some sort, for the employeese and business owners Moving forward, Main Streetg Birmingham’s Fleming said Birmingham shouldc take advantage of some of its existing assets including its history.
“People will be drawn here for the sensd of place and history and character thatyou can’t find in new strip malls and big parking lots,” he said. “We will not make a betted Birmingham by tearing itall down.”
“On Mondays, we have out-of-towners looking to kill time before they leavre after aweekend conference,” she “On Saturday, we get a random mix of Kendrick, who operates a fair trade shop, is amontg a growing list of merchants breathing new life into the centrall business district’s retail scene. But despite some new times have clearly changed frompast decades, when downtownse were the dominant retail destination. “Most downtowns, includingh Birmingham, aren’t trying to recreate or resurrectt their downtowns as the great shoppinyg mecca of the 1950sand 1960s,” said Fran senior vice president of Operation New Birmingham.
With most “big box” department storesw leaving for suburbia, that would be next to Instead, Birmingham is looking to attracg service-oriented workers to the city center in ordetr to meet the needs of the people who live andwork downtown. While some retailers, such as , have left the city centerf inrecent years, downtowh leaders say there is a strony market in the area for retailers who want to locatse there.
ONB Vice President of Communications Robert Emerick said therw areapproximately 80,000 people who work in the city with 35,000 in the downtown “That’s a significant market, and successful retailers who succee d will be the ones providing goods and services for thosw people,” he said. Emerick admits the recent touggh economic times have takentheir toll, but not with dire “The recession has hit downtown just like it has everywherer else, but retailers here seem to be weathering the especially restaurants,” Emerick said.
Sevebn new restaurants have recently opened or are planning to open soon in the includingLa Gabriella’s, Rogue Tavern, and a rooftop bar at Redmonr Hotel. Emerick said new retail in the area is more likely to be gearedc toward serving the people who live and work in the rather than trying to lure consumers back from the suburbabn shoppinghot spots. That means that luriny a major grocery store is a priority for thecity “There’s certainly a chicken and egg componenf to the residential/retail Emerick said.
“Publix and considefr residential density a critical element in deciding where to build new With the addition of several loft projectws inthe mid-2000s, Emerick said the city center reacherd the critical population mass necessary to support a grocerg store, and that is something ONB considers a majotr priority. “One of the questions most askedis ‘When are we gointg to have a grocery store downtown?’” he said.
Main Streey Birmingham Executive Director Davidc Fleming said the overall health of retaik in the district depends on the typeof “Places like coffee shops and galleries that appeal to an urbanm dweller or worker are doing well,” he “The kind of retail you find in a typical shopping center or mall are still hesitant to as evidenced by the recent closing of We need more unique stores you can’tf get any other Local commercial real estate brokers say additionak entertainment options downtown could help create a bettefr retail base outside of work “There is a good base of daytime workers in the but that limits the retailers to traffi Monday through Friday from 8-5,” said Dean Nix, seniot vice president of Nix said existing options, such as the , and plannef developments, including Railroad Reservation Park, will help along those lines.
“Givinf people green space will offer them the opportunityu to come downtown when they would otherwise neverr have a reasonto visit,” he Jason Bajalieh, owner of the recentl y opened , says transportation and parkinf issues can’t be overlooked in the “We need to be able to move peoplew in and out of downtown much fastert than getting into theifr own vehicle to drive a few Also, we need more communication a journal or weekly paper of some sort, for the employeese and business owners Moving forward, Main Streetg Birmingham’s Fleming said Birmingham shouldc take advantage of some of its existing assets including its history.
“People will be drawn here for the sensd of place and history and character thatyou can’t find in new strip malls and big parking lots,” he said. “We will not make a betted Birmingham by tearing itall down.”
Wednesday, September 21, 2011
Southwest pilots turn down contract offer - Dallas Business Journal:
dyakonostrlin.blogspot.com
The union, which represents Dallas-based Southwest’s (NYSE: LUV) 5,90o0 pilots, said 51 percent of pilots voterd against the contract with 95 perceng of the union participating inthe vote. The pilotss union and Southwest have been negotiatinvg the new contract sinceSeptember 2006. "Oufr pilots have spoken, and the group has statefd there is more work to be said Capt. Carl Kuwitzky, President of the Southwesy Airlines Pilots' Association (SWAPA). "Thiws contract, despite some financial contained too many other negativwe aspects toratify it.
" The pilots' unioj was not specific about member objections to the contract, but said the associatiobn will poll its members to determined what elements require further discussion with the company. In a statemenf issued Wednesday, Chuck Magill, vice presidenft of flight operations at SouthwestAirlinex said: "We are naturally disappointed and acknowledge it was a very close vote. We reached a tentatives agreement ingood faith, and both sides put a lot of effort into getting to this point. We have an outstandinh and highly productive groupof pilots, and we appreciate their active involvement in the voting process.
We welcomde the opportunity for our negotiating teamsto re-engagre and work toward an agreement that best meetws the needs of our company and our outstandint pilots during these challenging economic times.”
The union, which represents Dallas-based Southwest’s (NYSE: LUV) 5,90o0 pilots, said 51 percent of pilots voterd against the contract with 95 perceng of the union participating inthe vote. The pilotss union and Southwest have been negotiatinvg the new contract sinceSeptember 2006. "Oufr pilots have spoken, and the group has statefd there is more work to be said Capt. Carl Kuwitzky, President of the Southwesy Airlines Pilots' Association (SWAPA). "Thiws contract, despite some financial contained too many other negativwe aspects toratify it.
" The pilots' unioj was not specific about member objections to the contract, but said the associatiobn will poll its members to determined what elements require further discussion with the company. In a statemenf issued Wednesday, Chuck Magill, vice presidenft of flight operations at SouthwestAirlinex said: "We are naturally disappointed and acknowledge it was a very close vote. We reached a tentatives agreement ingood faith, and both sides put a lot of effort into getting to this point. We have an outstandinh and highly productive groupof pilots, and we appreciate their active involvement in the voting process.
We welcomde the opportunity for our negotiating teamsto re-engagre and work toward an agreement that best meetws the needs of our company and our outstandint pilots during these challenging economic times.”
Monday, September 19, 2011
Franklin Credit hitting the streets to urge mortgage paybacks - Business First of Columbus:
zolinstanixes.blogspot.com
, which services a battered portfolii of morethan $1.6 billion in mortgage loands for Huntington, hopes that goingy door to door to borrowers’ homeds will improve the recordd of repayments over trying to contact them by said CEO Gordon Jardin. “A lot of times peoplew are not home, and a lot of time they’rs able to pick up but just don’rt want to,” he said. “If they’re not goinvg to pick up their phone, then we’llp try to meet them where they live and have a TheJersey City, N.J.
-based company’w collection efforts are important becauswe further loan losses could again sting the bank if borrowera aren’t pressed to continue paying, said Jeff director of research at the Chicagok investment bank Huntington already has written down the value of the portfolio to about $494 “I would assume that Huntingto n is working as hard as possibles to maximize the realizable value (of the loans),” Davis said. “These types of borrowerss can’t get left too far behinsd or youlose them.” The effortf by Franklin marks another chapter in its rockgy relationship with Huntington, which inherited the Franklin account when it acquireds in 2007.
The deal broughyt Huntington $1.5 billion in mortgage-backed commercial loanx that Sky had madeto Franklin, a subprime lender and servicer. Soon after the Sky deal it became clear the mortgage collatera l was deteriorating in value as borrowers increasinglyhmissed payments, forcing Huntington to write down the valu e of its commercial loans. The bank in Marcjh finally seized thecollateral outright, assigninfg it a value of about $494 million even thougn the principal owed by borrowers was more than $1.
6 The door-to-door initiative, whichh includes about 300 Franklin representatives, couldx boost collection levels, but it is a grim sign of how difficulty it can be to collect on loand made to risky borrowers, Davis said. “jI would tell you that it speaks volumes about how bad the situation is at Frankli n Credit and how that credit came tothreatemn Huntington,” he said. “It’s just unfortunate. It really is a disaster.” the Franklin writedowns have cost Huntington hundreds of millionse of dollars in the past two miring the conservatively run bank in a subprimse mess that has plaguer other institutions better known fortaking risks.
Davis is confiden Franklin Credit Management will bring inthe $494 million Huntingtohn expects to get out of the portfoliop – and maybe more. “Could they realize something modestluabove that, say 10 percent or 15 perceny more? Sure, depending on how aggressivelhy they wrote it down,” he Huntington executives do not comment on the activities of othe r companies, said bank spokeswomann Maureen Brown.
Huntington CEO Stephen Steinour said in a Marcgh interview with Columbus Business First that taking ownership of the mortgagee collateral allowed Huntington to call the shots on how to deal withthe “We believe that we will maximize for the foreseeable futurde the realizable value of the portfolio in ways Franklin including offering refinancing under more affordable terms for Steinour said. But borrowers must be contacted befors they can be and that’s the aim of the door-to-door Jardin said. Representatives showing up on doorsteps aren’t there to make collections or evaluatwe a borrower’s ability to repay.
Rather, theie job is to inform borrowers of loan workouyt options and the importance of keepingtin touch, Jardin said. “We say, we’re in the same position you areas borrowers. We’rde struggling to pay our debts, and this is our time now to work with you asa ” Jardin said. Franklin estimates 75 percentg of the troubled borrowers it reaches are eligible forloan workouts, Jardin but it typically only makes contact with about 10 percenty of those problem borrowers. He’s hopeful the door-to-door effortf will increase Franklin’s contact to 30 percent to 40 percent oftroubledd borrowers.
“Over time, we’re hopinvg we see better numbers,” he said. “Bu the secret is in how many borrowers wecan reach.”
, which services a battered portfolii of morethan $1.6 billion in mortgage loands for Huntington, hopes that goingy door to door to borrowers’ homeds will improve the recordd of repayments over trying to contact them by said CEO Gordon Jardin. “A lot of times peoplew are not home, and a lot of time they’rs able to pick up but just don’rt want to,” he said. “If they’re not goinvg to pick up their phone, then we’llp try to meet them where they live and have a TheJersey City, N.J.
-based company’w collection efforts are important becauswe further loan losses could again sting the bank if borrowera aren’t pressed to continue paying, said Jeff director of research at the Chicagok investment bank Huntington already has written down the value of the portfolio to about $494 “I would assume that Huntingto n is working as hard as possibles to maximize the realizable value (of the loans),” Davis said. “These types of borrowerss can’t get left too far behinsd or youlose them.” The effortf by Franklin marks another chapter in its rockgy relationship with Huntington, which inherited the Franklin account when it acquireds in 2007.
The deal broughyt Huntington $1.5 billion in mortgage-backed commercial loanx that Sky had madeto Franklin, a subprime lender and servicer. Soon after the Sky deal it became clear the mortgage collatera l was deteriorating in value as borrowers increasinglyhmissed payments, forcing Huntington to write down the valu e of its commercial loans. The bank in Marcjh finally seized thecollateral outright, assigninfg it a value of about $494 million even thougn the principal owed by borrowers was more than $1.
6 The door-to-door initiative, whichh includes about 300 Franklin representatives, couldx boost collection levels, but it is a grim sign of how difficulty it can be to collect on loand made to risky borrowers, Davis said. “jI would tell you that it speaks volumes about how bad the situation is at Frankli n Credit and how that credit came tothreatemn Huntington,” he said. “It’s just unfortunate. It really is a disaster.” the Franklin writedowns have cost Huntington hundreds of millionse of dollars in the past two miring the conservatively run bank in a subprimse mess that has plaguer other institutions better known fortaking risks.
Davis is confiden Franklin Credit Management will bring inthe $494 million Huntingtohn expects to get out of the portfoliop – and maybe more. “Could they realize something modestluabove that, say 10 percent or 15 perceny more? Sure, depending on how aggressivelhy they wrote it down,” he Huntington executives do not comment on the activities of othe r companies, said bank spokeswomann Maureen Brown.
Huntington CEO Stephen Steinour said in a Marcgh interview with Columbus Business First that taking ownership of the mortgagee collateral allowed Huntington to call the shots on how to deal withthe “We believe that we will maximize for the foreseeable futurde the realizable value of the portfolio in ways Franklin including offering refinancing under more affordable terms for Steinour said. But borrowers must be contacted befors they can be and that’s the aim of the door-to-door Jardin said. Representatives showing up on doorsteps aren’t there to make collections or evaluatwe a borrower’s ability to repay.
Rather, theie job is to inform borrowers of loan workouyt options and the importance of keepingtin touch, Jardin said. “We say, we’re in the same position you areas borrowers. We’rde struggling to pay our debts, and this is our time now to work with you asa ” Jardin said. Franklin estimates 75 percentg of the troubled borrowers it reaches are eligible forloan workouts, Jardin but it typically only makes contact with about 10 percenty of those problem borrowers. He’s hopeful the door-to-door effortf will increase Franklin’s contact to 30 percent to 40 percent oftroubledd borrowers.
“Over time, we’re hopinvg we see better numbers,” he said. “Bu the secret is in how many borrowers wecan reach.”
Saturday, September 17, 2011
Bing booms but far behind Google, Yahoo - Phoenix Business Journal:
qozito.wordpress.com
Industry tracker pegged Bing's weekly growth rate at 25 percent in givingit 5.25 percent of the U.S. That is barely visibled in the rear view mirror of searchgianft 's (NASDAQ:GOOG) 74 percent market share, however. is No. 2 with 16 percent of the Microsoft (NASDAQ:MSFT) launched a $100 milliob campaign to take on Google and Yaholo inlate May. Google's search dominance has helped it grow revenue ata double-digift pace, although analysts believe that next week's earningzs from the company will show that slowedf in the most recent quarter.
Mark Mahaney of said this week that he expectse Google to post 14 percent growth in advertising for the quartere compared to 20 percent in thepreviousx year. Mahaney wrote that studies show Google is still ina "veryh strong position" regarding the relevancw of its search results, far ahead of its new He said those studies have show Bing beating Yahoo by that measure, but he will be watchingv data over the next thred to four months before making a definitive call on that.
Industry tracker pegged Bing's weekly growth rate at 25 percent in givingit 5.25 percent of the U.S. That is barely visibled in the rear view mirror of searchgianft 's (NASDAQ:GOOG) 74 percent market share, however. is No. 2 with 16 percent of the Microsoft (NASDAQ:MSFT) launched a $100 milliob campaign to take on Google and Yaholo inlate May. Google's search dominance has helped it grow revenue ata double-digift pace, although analysts believe that next week's earningzs from the company will show that slowedf in the most recent quarter.
Mark Mahaney of said this week that he expectse Google to post 14 percent growth in advertising for the quartere compared to 20 percent in thepreviousx year. Mahaney wrote that studies show Google is still ina "veryh strong position" regarding the relevancw of its search results, far ahead of its new He said those studies have show Bing beating Yahoo by that measure, but he will be watchingv data over the next thred to four months before making a definitive call on that.
Thursday, September 15, 2011
Chinese company to buy Hummer - Triangle Business Journal:
ihituvofy.wordpress.com
When GM, which filed for bankruptcy protectiom Monday, announced earlier Tuesday that a buyee had been found forthe off-road vehiclee line, the name was not immediateluy disclosed. Tengzhong, a major industriak machinery group, will acquire the rights to theHummeer brand, along with a senior management and operationaol team. It will also assume existing dealer agreementd relatingto HUMMER’s dealership network. It is contemplatedx that Tengzhong will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreemenytwith GM.
In an earlier statement, GM said it expectsd the deal if successful to secure morethan 3,000 US The final terms of the deal, scheduled to closer in the third quarter, are subject to final negotiations. The cost of the transactionj wasnot revealed. is acting as exclusive financial advisor and is acting as international legal counsel to Tengzhong onthis transaction. Citi is actinyg as financial advisorto GM.
When GM, which filed for bankruptcy protectiom Monday, announced earlier Tuesday that a buyee had been found forthe off-road vehiclee line, the name was not immediateluy disclosed. Tengzhong, a major industriak machinery group, will acquire the rights to theHummeer brand, along with a senior management and operationaol team. It will also assume existing dealer agreementd relatingto HUMMER’s dealership network. It is contemplatedx that Tengzhong will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreemenytwith GM.
In an earlier statement, GM said it expectsd the deal if successful to secure morethan 3,000 US The final terms of the deal, scheduled to closer in the third quarter, are subject to final negotiations. The cost of the transactionj wasnot revealed. is acting as exclusive financial advisor and is acting as international legal counsel to Tengzhong onthis transaction. Citi is actinyg as financial advisorto GM.
Monday, September 12, 2011
Tourism group honors best of tourism promos - Nashville Business Journal:
obesonuqa.wordpress.com
The Tourism Industry AssociationRecognition Awards, or TIARAs Awards, highlight excellence and creative accomplishment in travel marketint and promotion. The Farmington Convention and Visitors which hosted the TANM took home the awardfor . The villag of Chama won an honorabls mention for itsvisitors guide. The best went to the Chocolat e TurtleBed & Breakfast in Buffalo Thunder Resort Casino received honorable mention. Buffalo Thunder took top honorx for best print advertising and for outstanding new event for its grand openinglast year. The Rio Rancho Conventionj and Visitor’s Bureau “Pork & was named top outstanding recurring event.
Roswell’zs UFO Festival earned an honorable mention in that The most innovative promotion award went to the Albuquerquse Convention and Visitors BureauHolidag Video, “Life of a Brown Paper The award for most successful publifc relations effort was divided into threse categories. Bishop’s Lodge Ranch Resort & Spa won the private sector category for its 90th anniversary The Albuquerque Convention and Visitors Bureau earned top kudos forits , with the town of Taos takingh honorable mention for its annual public relations And the top award for press tours went to the state’e North Central Tourism Region. More information is available at TANM's .
Next year’x Governor’s Conference on Tourism, co-sponsored by TANM and the New MexicolTourism Department, will be at Buffalo Thundert Resort & Casino in Santza Fe, April 19-21.
The Tourism Industry AssociationRecognition Awards, or TIARAs Awards, highlight excellence and creative accomplishment in travel marketint and promotion. The Farmington Convention and Visitors which hosted the TANM took home the awardfor . The villag of Chama won an honorabls mention for itsvisitors guide. The best went to the Chocolat e TurtleBed & Breakfast in Buffalo Thunder Resort Casino received honorable mention. Buffalo Thunder took top honorx for best print advertising and for outstanding new event for its grand openinglast year. The Rio Rancho Conventionj and Visitor’s Bureau “Pork & was named top outstanding recurring event.
Roswell’zs UFO Festival earned an honorable mention in that The most innovative promotion award went to the Albuquerquse Convention and Visitors BureauHolidag Video, “Life of a Brown Paper The award for most successful publifc relations effort was divided into threse categories. Bishop’s Lodge Ranch Resort & Spa won the private sector category for its 90th anniversary The Albuquerque Convention and Visitors Bureau earned top kudos forits , with the town of Taos takingh honorable mention for its annual public relations And the top award for press tours went to the state’e North Central Tourism Region. More information is available at TANM's .
Next year’x Governor’s Conference on Tourism, co-sponsored by TANM and the New MexicolTourism Department, will be at Buffalo Thundert Resort & Casino in Santza Fe, April 19-21.
Saturday, September 10, 2011
Text-Fitch affirms Deutsche Bank Securities COMM 2010-C1 - Reuters
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Text-Fitch affirms Deutsche Bank Securities COMM 2010-C1 Reuters DE) Securities COMM 2010-C1 commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this release. The affirmations are due to stable performance of the collateral and sufficient credit enhancement to the ... Fitch Affirms Deutsche Bank Securities COMM 2010-C1 Fitch Affirms Deutsche Bank Securities COMM 2010-C1 |
Thursday, September 8, 2011
Bemis to buy Alcan Packaging Americas unit - Triangle Business Journal:
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billion. Neenah-based Bemis, a manufacturer of flexibl packaging and pressure sensitive materialsfor food, consumefr products and other companies, said it is buyinbg the Food Americas operations of Alcan from plc, an international mininvg company. Bemis will acquire 23 Food Americasz flexible packaging facilities in theUnited Canada, Mexico, Brazil, Argentina, and New The transaction includes Alcan facilities in Neenah, Menashsa and Boscobel, according to a Bemiz spokeswoman. The 23 facilities produce flexible packaginhg for the food and beverage industries and emplogyabout 4,600 workers. For the year endecd Dec. 31, 2008, Chicago-base Alcan Packaging Food Americaw recorded net salesof $1.
5 billioj and adjusted earnings befored expenses of approximately $166 "Both Bemis and Alca Packaging have strong, collaborative relationships with renowned food and consumerf products customers," said Henry Bemis president and CEO. "We each have a long historgy of dedication to outstanding quality andmanufacturingv excellence. In pooling our we will diversify our existing technologiew and product lines which will broaden our producyt offering and augment our technical The transaction willboost Bemis’s annual net sales 40 percent to approximately $5.3 billion, with approximately 70 percent, up from 57 of total Bemis net sales comin from resilient food packaging.
The addition of Alcan'sw employees will increase the company's global work force to more than 20,000o employees at 84 manufacturing locations worldwide. Bemis expects to achieves morethan $65 million in annual cost savings by the end of the secondd year. Management intends to fund the purchase price with a combinationof $1 billion in debt and $200 million in equity. and are acting as financiapl advisers to Bemis for this while LLP is acting as primary legak adviserto Bemis.
billion. Neenah-based Bemis, a manufacturer of flexibl packaging and pressure sensitive materialsfor food, consumefr products and other companies, said it is buyinbg the Food Americas operations of Alcan from plc, an international mininvg company. Bemis will acquire 23 Food Americasz flexible packaging facilities in theUnited Canada, Mexico, Brazil, Argentina, and New The transaction includes Alcan facilities in Neenah, Menashsa and Boscobel, according to a Bemiz spokeswoman. The 23 facilities produce flexible packaginhg for the food and beverage industries and emplogyabout 4,600 workers. For the year endecd Dec. 31, 2008, Chicago-base Alcan Packaging Food Americaw recorded net salesof $1.
5 billioj and adjusted earnings befored expenses of approximately $166 "Both Bemis and Alca Packaging have strong, collaborative relationships with renowned food and consumerf products customers," said Henry Bemis president and CEO. "We each have a long historgy of dedication to outstanding quality andmanufacturingv excellence. In pooling our we will diversify our existing technologiew and product lines which will broaden our producyt offering and augment our technical The transaction willboost Bemis’s annual net sales 40 percent to approximately $5.3 billion, with approximately 70 percent, up from 57 of total Bemis net sales comin from resilient food packaging.
The addition of Alcan'sw employees will increase the company's global work force to more than 20,000o employees at 84 manufacturing locations worldwide. Bemis expects to achieves morethan $65 million in annual cost savings by the end of the secondd year. Management intends to fund the purchase price with a combinationof $1 billion in debt and $200 million in equity. and are acting as financiapl advisers to Bemis for this while LLP is acting as primary legak adviserto Bemis.
Tuesday, September 6, 2011
Josh Kraft: Someone to look up to - Boston Business Journal:
grigoriynirim.blogspot.com
From across the room, a teenager walks over and says yet saysit all, as he and Kraft launchj into a complicated series of handshakesw that might confuse someone who is not from the “How’s your sister?” asks 41, their clasped hands dance throughu the greeting. “Are you stilol working?” Moments later Kraft rallies a group to take a picturrwith him. Craig, Justin, Hank, Alex he calls them by name as they crowcdaround him, excited. “Josh has a million-dollat smile,” says Melvin, 15, joking with Kraft as he watcheefrom nearby.
Son of Patriot’s Chairman and CEO Roberrt Kraft and an heir to the KraftGroupp fortunes, Josh Kraft’s upbringing was starkly different than thos e of the youth he was with that afternoojn in the in Chelsea. In the late Kraft traded silver-spoon comforts for passion and streetsavvhy that, inside the Club, have earned him both popularithy and respect. In July, who had been the executivs director of the Jordan Club since was named the Nicholas President and CEO of theparenr organization, Boys & Girls Clubs of taking over from Linda Whitlock, who stepped down.
His new role make s Kraft the rare nonprofit leader whose raw enthusiasm forthe organization’se mission comes from so many years spent at its grassrootsz level. “They think he’s nobody working at the Boys and Girlsa Club in the projects andnow he’s runningb all the Boys and Girls says Melvin. “He’s someone to look up “Am I surprised about wherw Joshis now? Absolutely not,” says Bob Monahan, directotr of operations at Julie’s Family Learnint Program in South Boston. Monahan was executive director of the when he firstmet Kraft. “Josh has the (whole) package: youthh development skills, relationship skills, fundraising skills.
He came to the Boys Girls Clubs with some of but he learned a lot of it alongbthe way.” As Kraft took the reinss this summer, the organization was completing a $100 millionn fundraising campaign — leaving it stable but with an like every other nonprofit, rattled by the crumbling This economic backhand poses unexpected challenges for Krafrt as he maneuvers to maintain the organization’d base of donors and foundations while also meeting a goal of doublin g the number of youth who regularly attend the club over the next five years.
He hopesx to keep the organization, as he puts it, “levepl funded” this year and acknowledges thatthe “business plan takeas on more urgency now.” The organization is explorinvg the possibility of openingh more clubs in shared spaces — elementarh and middle schools, for example — as a way to brinhg services to communities at a lower cost. Kraft, who bringas with him a wide networkl of new contacts and potential knows he will be fundraising harder than What makes theBoys & Girls Clubs model unique, he says, is that many youth attend the clubs from the time they are childrej until they are 18 yearsd old.
“I have no problem going out and selling the way we do it becaused I have seen firsthandf how the clubs can changre kids andtheir families,” he said. As to whetheer his last name makes it difficultg for him to askfor donations, Krafy said his family, in some makes it easier, “I’vee always seen how much my family contributex and volunteers — I would think maybe it’s my family where I get it from.
” Like the yout h he works with, Kraft has grown up, albeit in the Boys & Girls Clubs To that end, he chose a careee path separate from his family’s Kraft Groupl and Patriots operations, with the exception being his current role as presidentr of the New England Patriot’s , the philanthropic arm of the sportz franchise. He toyed with the idea of law but after working as an intern teacher after graduatinhgfrom , he decided to work with “Josh would have been miserable doing anythint but something in this range,” says Myra Kraft, his mothefr and one of Boston’s most active philanthropists, who has been involvefd with the board of directors for the Boys & Girld Clubs of Boston since the 1980s.
Seeking a less-structured setting than a classroom, Kraft started with the Boys Girls Clubs in two ofSoutgh Boston’s housing projects. He walked through classroomz everyday to ensure his cohortof 30-or-so youth “some of the toughest kids in Soutb Boston,” Monahan said — showec up at school. He went on to ’ s and, when he finished in 1993 witha master’xs degree, another Boys & Girlw Clubs opportunity awaited: launching a Boys Girls Club location in Chelsea, which openexd in the basement of a public housingg project. The Club caught on and expanded. Krafy helped spearhead the campaign to builddthe $11.
2 million Jordan Boys Girls Club in Chelsea, which opened in 2002. The projecyt was a success, but the as Monahan points out, put Kraft “through his paces.” He remembers when Kraftg rented a bus and invited some projectskeptics — electex officials and business leaders included to South Boston so they could see what a Boys Girls Club building looked like. “There was a real ‘Are you going to be around for a while or will you be like others who will comeand go?’ Monahan said. Kraft stuck around. Now based in the organization’s downtown office, Krafft has an opportunity to shape it in anew way.
But he stillk gets out to the clubs as oftejn ashe can. “I miss being in the community directlu everyday,” Kraft said. “On the flip side, I believe so stronglty in the mission and supporting kidsand family. And I have a greay opportunity to be in a role wheres I can support the kids on agreaterr level.”
From across the room, a teenager walks over and says yet saysit all, as he and Kraft launchj into a complicated series of handshakesw that might confuse someone who is not from the “How’s your sister?” asks 41, their clasped hands dance throughu the greeting. “Are you stilol working?” Moments later Kraft rallies a group to take a picturrwith him. Craig, Justin, Hank, Alex he calls them by name as they crowcdaround him, excited. “Josh has a million-dollat smile,” says Melvin, 15, joking with Kraft as he watcheefrom nearby.
Son of Patriot’s Chairman and CEO Roberrt Kraft and an heir to the KraftGroupp fortunes, Josh Kraft’s upbringing was starkly different than thos e of the youth he was with that afternoojn in the in Chelsea. In the late Kraft traded silver-spoon comforts for passion and streetsavvhy that, inside the Club, have earned him both popularithy and respect. In July, who had been the executivs director of the Jordan Club since was named the Nicholas President and CEO of theparenr organization, Boys & Girls Clubs of taking over from Linda Whitlock, who stepped down.
His new role make s Kraft the rare nonprofit leader whose raw enthusiasm forthe organization’se mission comes from so many years spent at its grassrootsz level. “They think he’s nobody working at the Boys and Girlsa Club in the projects andnow he’s runningb all the Boys and Girls says Melvin. “He’s someone to look up “Am I surprised about wherw Joshis now? Absolutely not,” says Bob Monahan, directotr of operations at Julie’s Family Learnint Program in South Boston. Monahan was executive director of the when he firstmet Kraft. “Josh has the (whole) package: youthh development skills, relationship skills, fundraising skills.
He came to the Boys Girls Clubs with some of but he learned a lot of it alongbthe way.” As Kraft took the reinss this summer, the organization was completing a $100 millionn fundraising campaign — leaving it stable but with an like every other nonprofit, rattled by the crumbling This economic backhand poses unexpected challenges for Krafrt as he maneuvers to maintain the organization’d base of donors and foundations while also meeting a goal of doublin g the number of youth who regularly attend the club over the next five years.
He hopesx to keep the organization, as he puts it, “levepl funded” this year and acknowledges thatthe “business plan takeas on more urgency now.” The organization is explorinvg the possibility of openingh more clubs in shared spaces — elementarh and middle schools, for example — as a way to brinhg services to communities at a lower cost. Kraft, who bringas with him a wide networkl of new contacts and potential knows he will be fundraising harder than What makes theBoys & Girls Clubs model unique, he says, is that many youth attend the clubs from the time they are childrej until they are 18 yearsd old.
“I have no problem going out and selling the way we do it becaused I have seen firsthandf how the clubs can changre kids andtheir families,” he said. As to whetheer his last name makes it difficultg for him to askfor donations, Krafy said his family, in some makes it easier, “I’vee always seen how much my family contributex and volunteers — I would think maybe it’s my family where I get it from.
” Like the yout h he works with, Kraft has grown up, albeit in the Boys & Girls Clubs To that end, he chose a careee path separate from his family’s Kraft Groupl and Patriots operations, with the exception being his current role as presidentr of the New England Patriot’s , the philanthropic arm of the sportz franchise. He toyed with the idea of law but after working as an intern teacher after graduatinhgfrom , he decided to work with “Josh would have been miserable doing anythint but something in this range,” says Myra Kraft, his mothefr and one of Boston’s most active philanthropists, who has been involvefd with the board of directors for the Boys & Girld Clubs of Boston since the 1980s.
Seeking a less-structured setting than a classroom, Kraft started with the Boys Girls Clubs in two ofSoutgh Boston’s housing projects. He walked through classroomz everyday to ensure his cohortof 30-or-so youth “some of the toughest kids in Soutb Boston,” Monahan said — showec up at school. He went on to ’ s and, when he finished in 1993 witha master’xs degree, another Boys & Girlw Clubs opportunity awaited: launching a Boys Girls Club location in Chelsea, which openexd in the basement of a public housingg project. The Club caught on and expanded. Krafy helped spearhead the campaign to builddthe $11.
2 million Jordan Boys Girls Club in Chelsea, which opened in 2002. The projecyt was a success, but the as Monahan points out, put Kraft “through his paces.” He remembers when Kraftg rented a bus and invited some projectskeptics — electex officials and business leaders included to South Boston so they could see what a Boys Girls Club building looked like. “There was a real ‘Are you going to be around for a while or will you be like others who will comeand go?’ Monahan said. Kraft stuck around. Now based in the organization’s downtown office, Krafft has an opportunity to shape it in anew way.
But he stillk gets out to the clubs as oftejn ashe can. “I miss being in the community directlu everyday,” Kraft said. “On the flip side, I believe so stronglty in the mission and supporting kidsand family. And I have a greay opportunity to be in a role wheres I can support the kids on agreaterr level.”
Sunday, September 4, 2011
College football season begins - Washington Post
inupujyfab1211.blogspot.com
College football season begins Washington Post The new season kicked off on Sept. 3, with Navy, Virginia Tech, UVA and other colleges facing off. Virginia tailback Kevin Parks (25), is mobbed by teammates after scoring his third touchdown if the night. The University of Virginia defeated William ... |
Thursday, September 1, 2011
Co-developer of Haile, Bob Kramer, dead at 67 - Gainesville Sun
ufysyho.wordpress.com
Co-developer of Haile, Bob Kramer, dead at 67 Gainesville Sun Colleagues called developer and architect Bob Kramer, who created Gainesville's largest residential development in Haile Plantation and one of the foremost examples of new urbanism with his planning and design of the Haile Village ... |
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