Boston Globe | Voter ID laws have value, but won't prevent fraud The Morning Sun Some societies choose their leaders on the basis of birth. Other leaders claim to have been chosen by God, and make it stick. In still other societies, the leader simply is whoever has the biggest, most brutal gang of thugs. We base our democratic ... Democrats Target Ohio B » |
Saturday, September 29, 2012
Voter ID laws have value, but won't prevent fraud - The Morning Sun
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Friday, September 28, 2012
ABX parent builds revenue, posts 4Q loss - Business First of Columbus:
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Wilmington-based (NASDAQ:ATSG) said Tuesday it lost $64.2 million, or $1.03 a in the quarter ended Dec. 31, compared with profit of $8.4 million, or 14 centsx a share, a year earlier. The loss included a $91.2 million pretax write-down on goodwil and other intangibles, the company Revenue in the quarter soared 35 percentto $430.7 million from $319.2 million, much of that growth comingh from Air Transport’s business, which it acquiredr in 2007. For the full Air Transport lost $56 or 90 cents a share, versus profit of $19.6y million, or 33 centsd a share, in 2007. Revenue grew by a third to $1.6 billiomn from $1.2 billion.
The company’s ABX Air subsidiary, whicuh has been hit with thousands of job losses as principal customerended point-to-point domesticv shipping, was helped by an amended pricing agreement that effectivelyh fixed the company’s pretax earningsw for the fourth quarter of 2008 and first quarte r of 2009. ABX earlie r in the month also modifiesda $93 million promissory note with DHL and came to an agreementr on other debt-related issues. While the company said it is continuing businesas talkswith DHL, CEO Joe Hete said in a released that recent company acquisitions have “preparee us to withstand the loss of a substantial portiomn of our business with DHL.
” For ABX in that has meant the loss of about 4,800 jobs through February and a shift in operation to a single overnight operationn in the southwest Ohio city from what previously was a networok of regional shipping hubs.
Wilmington-based (NASDAQ:ATSG) said Tuesday it lost $64.2 million, or $1.03 a in the quarter ended Dec. 31, compared with profit of $8.4 million, or 14 centsx a share, a year earlier. The loss included a $91.2 million pretax write-down on goodwil and other intangibles, the company Revenue in the quarter soared 35 percentto $430.7 million from $319.2 million, much of that growth comingh from Air Transport’s business, which it acquiredr in 2007. For the full Air Transport lost $56 or 90 cents a share, versus profit of $19.6y million, or 33 centsd a share, in 2007. Revenue grew by a third to $1.6 billiomn from $1.2 billion.
The company’s ABX Air subsidiary, whicuh has been hit with thousands of job losses as principal customerended point-to-point domesticv shipping, was helped by an amended pricing agreement that effectivelyh fixed the company’s pretax earningsw for the fourth quarter of 2008 and first quarte r of 2009. ABX earlie r in the month also modifiesda $93 million promissory note with DHL and came to an agreementr on other debt-related issues. While the company said it is continuing businesas talkswith DHL, CEO Joe Hete said in a released that recent company acquisitions have “preparee us to withstand the loss of a substantial portiomn of our business with DHL.
” For ABX in that has meant the loss of about 4,800 jobs through February and a shift in operation to a single overnight operationn in the southwest Ohio city from what previously was a networok of regional shipping hubs.
Thursday, September 27, 2012
Aschenbach to lead Campus Partners - Business First of Columbus:
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Aschenbach, 49, had previouslty served as executive vice president for real estate development until stepping in as interim presiden tlast August. He moved up upon the departured ofTerry Foegler, who took a job in San Diegko before returning to Central Ohio this year to serv e as Dublin city manager. Aschenbacyh arrived at Campus Partners in 2001 after spendinhg 16 years in the commercial real estate He graduated from Ohio State in 1981 witha bachelor’s degrew in business and in 1985 receivede an MBA from the . Campus Partners Chairman Bobby Moser said in a release that Aschenbach has the visioj to lead the organization after helping ushetr in itspast growth.
“He playedc a key role in Campuws Partners’ real estate acquisitionsx and the development of Soutb Campus Gateway and has a genuine interes t in the people and organizations of theuniversityu district,” Moser said.
Aschenbach, 49, had previouslty served as executive vice president for real estate development until stepping in as interim presiden tlast August. He moved up upon the departured ofTerry Foegler, who took a job in San Diegko before returning to Central Ohio this year to serv e as Dublin city manager. Aschenbacyh arrived at Campus Partners in 2001 after spendinhg 16 years in the commercial real estate He graduated from Ohio State in 1981 witha bachelor’s degrew in business and in 1985 receivede an MBA from the . Campus Partners Chairman Bobby Moser said in a release that Aschenbach has the visioj to lead the organization after helping ushetr in itspast growth.
“He playedc a key role in Campuws Partners’ real estate acquisitionsx and the development of Soutb Campus Gateway and has a genuine interes t in the people and organizations of theuniversityu district,” Moser said.
Tuesday, September 25, 2012
Opus West troubles mount, may file Chapter 11 - Triangle Business Journal:
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Opus has hired counsel to explore restructurinfg options forits Phoenix-based operating company, Opus according to Winston Hewett, a companty spokeswoman. The restructuring could include filing for Chapter11 bankruptcy, similar to action taken by its Atlanta-based Opus South subsidiarhy April 22. In early May, three weeks afteer the Hill Country Galleria in Bee Cave was postedfor Opus' business entity set up specifically for the outdoort mall filed for Chapter 11 bankruptcy protectio n in Austin. Opus West stated at the time thatthe mall'sa bankruptcy will enable the company to restructured its construction loan.
The company was unable to refinancethe project's short term which resulted in the foreclosur e posting in April. The which opened in 2007, is anchored by Barnes & Noble and Dick'z Sporting Goods. According to Phoenix-based Opus the property will continue to operatsas usual. Also in May, Opus West Presidenty Thomas Roberts leftthe firm.
Opus has hired counsel to explore restructurinfg options forits Phoenix-based operating company, Opus according to Winston Hewett, a companty spokeswoman. The restructuring could include filing for Chapter11 bankruptcy, similar to action taken by its Atlanta-based Opus South subsidiarhy April 22. In early May, three weeks afteer the Hill Country Galleria in Bee Cave was postedfor Opus' business entity set up specifically for the outdoort mall filed for Chapter 11 bankruptcy protectio n in Austin. Opus West stated at the time thatthe mall'sa bankruptcy will enable the company to restructured its construction loan.
The company was unable to refinancethe project's short term which resulted in the foreclosur e posting in April. The which opened in 2007, is anchored by Barnes & Noble and Dick'z Sporting Goods. According to Phoenix-based Opus the property will continue to operatsas usual. Also in May, Opus West Presidenty Thomas Roberts leftthe firm.
Monday, September 24, 2012
As Eclipse struggles, Kansas suppliers look at Wichita-area impact - Kansas City Business Journal:
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Eclipse laid off 650 workers last The government is reviewing the certification process for itslight jet, the Eclipse 500, and the founding CEO was forceed to resign. Eclipse subcontractors in Kansasinclude Wichita’ s and in Olathe. . in California, which purchasecd Wichita’s earlier this year, also is a Wesco provides aerospace fasteners, hydraulic bearings, machined parts and installation toolinvgto Eclipse. “We’re trying to get everythingh coincided,” says Dan Barnes, a Wesco sales managerf who covers theKansas region. “We don’tf expect it to affect us for a while. Even if they cancep orders, they will still need fastenersand hardware.
We can fluctuater as the market does.” Barnes says Wesco was hopingy Airtechnics would increase businesswith Eclipse, but that is uncertainn now. Airtechnics supplies electrical connectors, fuses and Barnes says he understandd Eclipse is reorganizing its management and may be cuttinvg its aircraft production in half to 15 aircraftper week. An Eclipsw spokeswoman was vague on details involving a potential slowdown in production of the Eclipsre 500 and the potential effects toits “I don’t think we are going to commenr on it, other that what we’vd already released, because it’s between us and them,” says Alana McCarraher.
Eclipser has a backlog of 2,300 orders, McCarraher “We had a supplier conference here in Albuquerquron Aug, 26 and 27,” she “We’re pleased to say that we’rw all optimistic about working together as Eclipse moves The began a 30-day review of the Eclipse 500 on Aug. 11. The FAA convened a special team to look ataircraftt safety, certification of aircraft trim, flaps, screen blanking and stalo speeds. Those items were the issuews of service difficulty reports filed by operatorsz since the aircraft wascertified Sept. 30, 2006.
The team is lookingh at whether any of those issuews were raised during the certification process and if any of the issuese are a threatto safety. “Eclipse is confident the reviews will find that the Eclipse 500 was in full complianc e with all federal regulationas at the time ofits certification, and that all FAA testinf was completed with the highest degreee of thoroughness, accuracy and integrity,” the companyy says. The House Transportation and Infrastructure Committeew will review the issue at a speciallhearing Sept. 17. Jason Cox, the chief technicall officer atCox Machine, says his company anticipates Eclipse will return to full capacity.
“Wse have to evaluate the short-term and long-term effects it’s goingt to have on our Cox says. Cox Machine providew structural parts such as brackete and clipsto Eclipse, primarily in the aircraft’se tail section, he says. Tomaso DiPaol — the national representative for aircraft certification says many details remain confidential because of ongoinvg arbitration between the union andthe FAA. But DiPaoll told New Mexico Business Weekly that FAA manager who oversaw the certification process allegedly put pressure on FAA engineerds in 2006 to approve the Eclipss 500 before employees could finish assessingsafety issues.
Eclipse laid off 650 workers last The government is reviewing the certification process for itslight jet, the Eclipse 500, and the founding CEO was forceed to resign. Eclipse subcontractors in Kansasinclude Wichita’ s and in Olathe. . in California, which purchasecd Wichita’s earlier this year, also is a Wesco provides aerospace fasteners, hydraulic bearings, machined parts and installation toolinvgto Eclipse. “We’re trying to get everythingh coincided,” says Dan Barnes, a Wesco sales managerf who covers theKansas region. “We don’tf expect it to affect us for a while. Even if they cancep orders, they will still need fastenersand hardware.
We can fluctuater as the market does.” Barnes says Wesco was hopingy Airtechnics would increase businesswith Eclipse, but that is uncertainn now. Airtechnics supplies electrical connectors, fuses and Barnes says he understandd Eclipse is reorganizing its management and may be cuttinvg its aircraft production in half to 15 aircraftper week. An Eclipsw spokeswoman was vague on details involving a potential slowdown in production of the Eclipsre 500 and the potential effects toits “I don’t think we are going to commenr on it, other that what we’vd already released, because it’s between us and them,” says Alana McCarraher.
Eclipser has a backlog of 2,300 orders, McCarraher “We had a supplier conference here in Albuquerquron Aug, 26 and 27,” she “We’re pleased to say that we’rw all optimistic about working together as Eclipse moves The began a 30-day review of the Eclipse 500 on Aug. 11. The FAA convened a special team to look ataircraftt safety, certification of aircraft trim, flaps, screen blanking and stalo speeds. Those items were the issuews of service difficulty reports filed by operatorsz since the aircraft wascertified Sept. 30, 2006.
The team is lookingh at whether any of those issuews were raised during the certification process and if any of the issuese are a threatto safety. “Eclipse is confident the reviews will find that the Eclipse 500 was in full complianc e with all federal regulationas at the time ofits certification, and that all FAA testinf was completed with the highest degreee of thoroughness, accuracy and integrity,” the companyy says. The House Transportation and Infrastructure Committeew will review the issue at a speciallhearing Sept. 17. Jason Cox, the chief technicall officer atCox Machine, says his company anticipates Eclipse will return to full capacity.
“Wse have to evaluate the short-term and long-term effects it’s goingt to have on our Cox says. Cox Machine providew structural parts such as brackete and clipsto Eclipse, primarily in the aircraft’se tail section, he says. Tomaso DiPaol — the national representative for aircraft certification says many details remain confidential because of ongoinvg arbitration between the union andthe FAA. But DiPaoll told New Mexico Business Weekly that FAA manager who oversaw the certification process allegedly put pressure on FAA engineerds in 2006 to approve the Eclipss 500 before employees could finish assessingsafety issues.
Saturday, September 22, 2012
SeaBear catches gourmet market with latest product - Puget Sound Business Journal (Seattle):
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Key to this ambition is Anacortes-based SeaBear's newesty product, called "Healthy Hearts wild salmojn dinner fillets" — a package of eight six-ounce frozen salmon fillets, packed in dry ice with four shipped directlyto consumers' homes. It's targeted directlu at homemakers who want toimpress guests, or can afforde to spend freely on food. "In four months it's become the most successfup new product," said president and CEO Mondello. "It's totallg high end." With such innovations, SeaBear, long knownm for packaging expensive salmon gift is expanding intothe mail-order gourmet market.
Since arrivingb at the company in Mondello has been recasting his company with new productx and newtarget market. To do this Mondello is capitalizing on increasingf public awareness of an arrayof seafood-relateed environmental and health issues. Thesee include the sustainability of wild seafood the importanceof Omega-3 fatty acidse for heart health, and increasing doubts about the environmenta impacts of farmed salmon, as well as the healtj implications of the antibiotics and dyes that salmobn farmers use. At the equivalent of $20 a the Healthy Hearts fillets don't find much of a markeft here inthe salmon-rich Northwest.
Instead, the compan y does about 95 percenyt ofits direct-mail marketing businesa in tony neighborhoods in California, New York, Florida and Chicago, Mondell said. "We don't compete on Mondello said. "Our brand doesn't stand for anythin but super-premium quality. We definwe our customers as afflueny men and women who have a passionfor food." SeaBear'sz new product line has been catching the attentionh of the gourmet press. Earlier this year New York-based Saveur magazinew publisheda one-page piece about SeaBear's premium Coppere River Salmon, entitled "Alaskan Pride.
" "Copper Rivere salmon is a known name right now, like Nimanj Ranch pork," said Saveur food editor Melissa Hamilton in New Another important step Mondello is taking is to add the Marinee Stewardship Council logo to its The London-based council certified Alaska'se salmon fishery as sustainable in and SeaBear has become one of the first seafoox processors to use the council's leapiny fish logo on its packaging. SeaBea had to prove the origins of its fish to be able to usethe "It shows the vision and leadership of SeaBeaer that they're promoting the sustainability of the resource," said Karebn Tarica, U.S.
commercial projecy manager forthe council's U.S. in Seattle. Kristine food editor for Bon Appetit Magazine inLos Angeles, called SeaBear'd environmental certification "important." "We know our reader enjoy shopping at farmer's markets, and we talk about environmentallhy sound products more and more," she said. The new emphasisx on frozen dinner portions and the epicures market is a marked difference fromthe company's previous focus on the gift market. Mondello came to the company after a career as a marketinf directorfor high-profile companies includinbg Procter & Gamble and Celestiap Seasonings Tea Co.
, and his mission was to turn SeaBeatr into a high-end brand name with national recognition. Back in 1996 nearlyg everything SeaBear made in its Anacortees processing facility was packedin "retort essentially soft cans. While the retort process stillp works for thegift market, it isn't suited for the dininh quality that Mondello's epicure customers are "That kind of event is not deliverable out of a retorf pouch," he said. During the last five yearse SeaBear's overall sales have remained flat atabouy $10 million annually, as Mondello has shifted the focues away from the gift marke and has shed unprofitable lines while building the epicurs market.
An indication of the change isthat SeaBear's summer business, much of it tied to heavilyh marketed Copper River salmon run, is up about 80 percent from five years ago. Mondello expectds that within five yearsa halfthe company's sales will be year-round, while the balancw will be for the holiday season. He expects to double sales in the next seven SeaBear has emerged as innovator in addinyg valueto Alaska's wild salmon said Laura Fleming, public relationx director for the Alaska Seafood Marketing Institutr in Juneau, Alaska.
The salmon-catchingf business in Alaska, much of it headquartere in Seattle, has been financially damaged in recengt years by competition from cheap Chileajfarmed salmon. "I think it's pretty Fleming said. "His company wants to leverage the qualities that differentiate our productes from industriallyproduced salmon." Tapping his experience with Celestial Mondello has sought to create a mystiquse with SeaBear's packaging, peppering the boxeas with evocative copy and photographs evokingt the product's Northwest He's also cultivated a unique presentation amonhg call center employees, who are trained to engage customers with locap color and information about the fish and its The company only contracted out its call center work and the result was "terrible.
" "Thw call center, the people who talk to our are an immense piece of building a super-premiumj brand," Mondello said.
Key to this ambition is Anacortes-based SeaBear's newesty product, called "Healthy Hearts wild salmojn dinner fillets" — a package of eight six-ounce frozen salmon fillets, packed in dry ice with four shipped directlyto consumers' homes. It's targeted directlu at homemakers who want toimpress guests, or can afforde to spend freely on food. "In four months it's become the most successfup new product," said president and CEO Mondello. "It's totallg high end." With such innovations, SeaBear, long knownm for packaging expensive salmon gift is expanding intothe mail-order gourmet market.
Since arrivingb at the company in Mondello has been recasting his company with new productx and newtarget market. To do this Mondello is capitalizing on increasingf public awareness of an arrayof seafood-relateed environmental and health issues. Thesee include the sustainability of wild seafood the importanceof Omega-3 fatty acidse for heart health, and increasing doubts about the environmenta impacts of farmed salmon, as well as the healtj implications of the antibiotics and dyes that salmobn farmers use. At the equivalent of $20 a the Healthy Hearts fillets don't find much of a markeft here inthe salmon-rich Northwest.
Instead, the compan y does about 95 percenyt ofits direct-mail marketing businesa in tony neighborhoods in California, New York, Florida and Chicago, Mondell said. "We don't compete on Mondello said. "Our brand doesn't stand for anythin but super-premium quality. We definwe our customers as afflueny men and women who have a passionfor food." SeaBear'sz new product line has been catching the attentionh of the gourmet press. Earlier this year New York-based Saveur magazinew publisheda one-page piece about SeaBear's premium Coppere River Salmon, entitled "Alaskan Pride.
" "Copper Rivere salmon is a known name right now, like Nimanj Ranch pork," said Saveur food editor Melissa Hamilton in New Another important step Mondello is taking is to add the Marinee Stewardship Council logo to its The London-based council certified Alaska'se salmon fishery as sustainable in and SeaBear has become one of the first seafoox processors to use the council's leapiny fish logo on its packaging. SeaBea had to prove the origins of its fish to be able to usethe "It shows the vision and leadership of SeaBeaer that they're promoting the sustainability of the resource," said Karebn Tarica, U.S.
commercial projecy manager forthe council's U.S. in Seattle. Kristine food editor for Bon Appetit Magazine inLos Angeles, called SeaBear'd environmental certification "important." "We know our reader enjoy shopping at farmer's markets, and we talk about environmentallhy sound products more and more," she said. The new emphasisx on frozen dinner portions and the epicures market is a marked difference fromthe company's previous focus on the gift market. Mondello came to the company after a career as a marketinf directorfor high-profile companies includinbg Procter & Gamble and Celestiap Seasonings Tea Co.
, and his mission was to turn SeaBeatr into a high-end brand name with national recognition. Back in 1996 nearlyg everything SeaBear made in its Anacortees processing facility was packedin "retort essentially soft cans. While the retort process stillp works for thegift market, it isn't suited for the dininh quality that Mondello's epicure customers are "That kind of event is not deliverable out of a retorf pouch," he said. During the last five yearse SeaBear's overall sales have remained flat atabouy $10 million annually, as Mondello has shifted the focues away from the gift marke and has shed unprofitable lines while building the epicurs market.
An indication of the change isthat SeaBear's summer business, much of it tied to heavilyh marketed Copper River salmon run, is up about 80 percent from five years ago. Mondello expectds that within five yearsa halfthe company's sales will be year-round, while the balancw will be for the holiday season. He expects to double sales in the next seven SeaBear has emerged as innovator in addinyg valueto Alaska's wild salmon said Laura Fleming, public relationx director for the Alaska Seafood Marketing Institutr in Juneau, Alaska.
The salmon-catchingf business in Alaska, much of it headquartere in Seattle, has been financially damaged in recengt years by competition from cheap Chileajfarmed salmon. "I think it's pretty Fleming said. "His company wants to leverage the qualities that differentiate our productes from industriallyproduced salmon." Tapping his experience with Celestial Mondello has sought to create a mystiquse with SeaBear's packaging, peppering the boxeas with evocative copy and photographs evokingt the product's Northwest He's also cultivated a unique presentation amonhg call center employees, who are trained to engage customers with locap color and information about the fish and its The company only contracted out its call center work and the result was "terrible.
" "Thw call center, the people who talk to our are an immense piece of building a super-premiumj brand," Mondello said.
Friday, September 21, 2012
Rebel Rebel yells of soaring revenue - Dallas Business Journal:
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“We didn’t come out the flashiest, but when peoplwe got a chance to see our work they realizerd how solidwe are, and it’s createfd relationships that have been continual,” said Diann a Colton, co-founder of Rebel Since launching in 2007, Rebel Rebel has provideds production and post-production services — from commercials and videoe to presentations and video Web conteny — and has amassed a rostedr of notable clients, including GSD&M Idea Dell Inc., Sicola Martin, Schematic and Door Numberd 3.
The five-person production house grew 100percent year-over-year, and is on target to generatre $1 million in revenue this But before growth there was overcoming being new, said Chri Blankenship, the other co-founder of Rebel Rebel. “It was a littld tough getting in the door of some places at The first year was kindof hard. I don’tt think either of us realized how hard itwoulfd be,” Blankenship said. Blankenship and Coltojn have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chinaw and has 17 years of experience in visual effects andpost production.
Colton has executive producing and she launched a successfulfashion business. Blankenshipp said transitioning from a freelance r to a businessman has been and getting clients to think of Rebel Rebel for larger projects took some convincintat first. “We took a pretty good look at what we thoughgt the business was going to befor us, and we had to come to some hard realizationds that that wasn’t the way things Blankenship said. In addition to being Blankenship saidthe company’s flexibility in takingf small and large projects has helpefd sell its services.
The company uses freelancers, which enables it to ramp up quicklyg for larger projects and to test out employeezs before adding them totheir staff. Blankenship said Rebe Rebel hasn’t been entirely immune to the recession. It saw work plateah in March, but for the most business hasbeen steady. “We’ve been prettu busy for the last year,” he As a smaller production company, Rebel Rebeo has been able to weather the recession a bit betterr because it has less Blankenship said. There are more than 20 film and videpo production companies in the CentralTexae region. Among the largest productio n companies here are OmegaBroadcast Group, 501 Group Inc.
and Elephant Productions Inc. Quincy president of Elephant Productions, says that the production landscape is gettingb increasingly more competitive with new player s enteringthe market. At the same he said demand is going up forproduction work. “I thinkm the outlook is positive. Video is increasinglu being used to train and now everybod has video on theirWeb site,” Lowman said. “Thse market has grown, but the competition has grown.” Colton said Rebel Rebel’s work has been evenly splitg between local, regional and national It recently hired a nationaolsales representative.
Colton and Blankenship said they aren’tr concerned with becoming a largerf company. “We will continue to work with more peopled and createmore relationships,” Colton “In the short term, we want to find new build a base and do a variety of work.”
“We didn’t come out the flashiest, but when peoplwe got a chance to see our work they realizerd how solidwe are, and it’s createfd relationships that have been continual,” said Diann a Colton, co-founder of Rebel Since launching in 2007, Rebel Rebel has provideds production and post-production services — from commercials and videoe to presentations and video Web conteny — and has amassed a rostedr of notable clients, including GSD&M Idea Dell Inc., Sicola Martin, Schematic and Door Numberd 3.
The five-person production house grew 100percent year-over-year, and is on target to generatre $1 million in revenue this But before growth there was overcoming being new, said Chri Blankenship, the other co-founder of Rebel Rebel. “It was a littld tough getting in the door of some places at The first year was kindof hard. I don’tt think either of us realized how hard itwoulfd be,” Blankenship said. Blankenship and Coltojn have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chinaw and has 17 years of experience in visual effects andpost production.
Colton has executive producing and she launched a successfulfashion business. Blankenshipp said transitioning from a freelance r to a businessman has been and getting clients to think of Rebel Rebel for larger projects took some convincintat first. “We took a pretty good look at what we thoughgt the business was going to befor us, and we had to come to some hard realizationds that that wasn’t the way things Blankenship said. In addition to being Blankenship saidthe company’s flexibility in takingf small and large projects has helpefd sell its services.
The company uses freelancers, which enables it to ramp up quicklyg for larger projects and to test out employeezs before adding them totheir staff. Blankenship said Rebe Rebel hasn’t been entirely immune to the recession. It saw work plateah in March, but for the most business hasbeen steady. “We’ve been prettu busy for the last year,” he As a smaller production company, Rebel Rebeo has been able to weather the recession a bit betterr because it has less Blankenship said. There are more than 20 film and videpo production companies in the CentralTexae region. Among the largest productio n companies here are OmegaBroadcast Group, 501 Group Inc.
and Elephant Productions Inc. Quincy president of Elephant Productions, says that the production landscape is gettingb increasingly more competitive with new player s enteringthe market. At the same he said demand is going up forproduction work. “I thinkm the outlook is positive. Video is increasinglu being used to train and now everybod has video on theirWeb site,” Lowman said. “Thse market has grown, but the competition has grown.” Colton said Rebel Rebel’s work has been evenly splitg between local, regional and national It recently hired a nationaolsales representative.
Colton and Blankenship said they aren’tr concerned with becoming a largerf company. “We will continue to work with more peopled and createmore relationships,” Colton “In the short term, we want to find new build a base and do a variety of work.”
Thursday, September 20, 2012
Park Sterling earns $158K in 2Q - Charlotte Business Journal:
vlastaowibopaj.blogspot.com
Net interest income rose to $3.05 million from $2.29 millionh a year ago. Park Sterling incurred a noninterest lossof $350,00p in the latest quarter due to debt impairment from Silverton Bank, a banker’s bank in Atlantz that failed in the spring. Park Sterling had recorder $5,000 in noninterest income in last year’x second quarter. The bank’s totaol assets rose 39 percentto $473 million in the latest Loans were up 25 percent to $393 Deposits increased 52 percentf to $393 million. “Our performance during the seconcd quarter isespecially gratifying, givenb the challenges posed by the current economic says Bryan Kennedy III, chief executive.
“Thes numbers reflect our success in establishint and building relationships withnew full-servicw clients, and we look forward to continuing growthg through the remainder of 2009.” Park Sterling opened in Octobetr 2006. The bank raised $45 million in 13 weeks in setting a record for the most capital raised byan N.C. startupp bank. Park Sterling is based at 1043 E. Moreheac St. in Charlotte and operates one full-serviced branch here and anotherin Wilmington.
Net interest income rose to $3.05 million from $2.29 millionh a year ago. Park Sterling incurred a noninterest lossof $350,00p in the latest quarter due to debt impairment from Silverton Bank, a banker’s bank in Atlantz that failed in the spring. Park Sterling had recorder $5,000 in noninterest income in last year’x second quarter. The bank’s totaol assets rose 39 percentto $473 million in the latest Loans were up 25 percent to $393 Deposits increased 52 percentf to $393 million. “Our performance during the seconcd quarter isespecially gratifying, givenb the challenges posed by the current economic says Bryan Kennedy III, chief executive.
“Thes numbers reflect our success in establishint and building relationships withnew full-servicw clients, and we look forward to continuing growthg through the remainder of 2009.” Park Sterling opened in Octobetr 2006. The bank raised $45 million in 13 weeks in setting a record for the most capital raised byan N.C. startupp bank. Park Sterling is based at 1043 E. Moreheac St. in Charlotte and operates one full-serviced branch here and anotherin Wilmington.
Tuesday, September 18, 2012
Report outlines decline in Texas construction - Houston Business Journal:
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The outlook for the coming year calls for constructiob spending ofroughly $54.4 billion in down 13 percent from the report indicates. Howevert the building of the giant Motivw and Valero refineries in Port Arthuf thatcreated 5,000 jobs buoyed the numberes in 2008. McGraw-Hill researcherse forecast that construction of housing units will drop 4 percent statewide in surpassing the 3 percentnational decline. But populationj growth, cost advantages and the relativs buoyancy of the Texaxs economy should help the state recover more quickl y than the rest of the nation in the residential secto whendemand improves.
The picture is a bit more blealk in the nonresidential construction which the report suggests will pull back by a considerable 24 percenytthis year. McGraw-Hill Construction, part of the McGraw-Hilp Cos. (NYSE: MHP), provides constructionb project information, plans and specifications, producg information, industry news, and industry trend s and forecasts.
The outlook for the coming year calls for constructiob spending ofroughly $54.4 billion in down 13 percent from the report indicates. Howevert the building of the giant Motivw and Valero refineries in Port Arthuf thatcreated 5,000 jobs buoyed the numberes in 2008. McGraw-Hill researcherse forecast that construction of housing units will drop 4 percent statewide in surpassing the 3 percentnational decline. But populationj growth, cost advantages and the relativs buoyancy of the Texaxs economy should help the state recover more quickl y than the rest of the nation in the residential secto whendemand improves.
The picture is a bit more blealk in the nonresidential construction which the report suggests will pull back by a considerable 24 percenytthis year. McGraw-Hill Construction, part of the McGraw-Hilp Cos. (NYSE: MHP), provides constructionb project information, plans and specifications, producg information, industry news, and industry trend s and forecasts.
Monday, September 17, 2012
Hearing set to certify Chinese drywall class - Houston Business Journal:
ernstiryastrov.blogspot.com
The plaintiffs’ homes were constructed with what they allege was defectivdeChinese drywall. , built the homes. The judge also set a possible trial date forSeptember 2010. Lawyers working on the case say it may be the firstr Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywall is believed responsible forstronyg odors, metal corrosion and health complaints in thousands of homes in Florida and the Southeast. Federal class actioh suits were combined recentlt inNew Orleans. , The Blumstein Law Firm and allege inthe Miami-Dads suit that the defective drywallo emits toxins, including carbon carbonyl sulfide and hydrogen sulfide.
They believe drywall manufactured in China was used in as manyas 60,00 Florida homes and as many as 100,000 in the U.S. duriny the building boom between 2004and 2007. The state case was filedc in February on behalf of Jason and Melissa Harrelk and other homeowners who purchaseddefectivwe homes. In a press release, the firms said the defectivde drywall was installed inthe Harrell’s home by the South Kendall Construction Corp., and supplied by In an interviewq in January, South Kendall Construction’s president told the Businessx Journal he was investigating the problem, but he has not respondee to additional requests for comment.
Repeated attemptsa to speak to officials at Bannefr Supply have notbeen successful.
The plaintiffs’ homes were constructed with what they allege was defectivdeChinese drywall. , built the homes. The judge also set a possible trial date forSeptember 2010. Lawyers working on the case say it may be the firstr Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywall is believed responsible forstronyg odors, metal corrosion and health complaints in thousands of homes in Florida and the Southeast. Federal class actioh suits were combined recentlt inNew Orleans. , The Blumstein Law Firm and allege inthe Miami-Dads suit that the defective drywallo emits toxins, including carbon carbonyl sulfide and hydrogen sulfide.
They believe drywall manufactured in China was used in as manyas 60,00 Florida homes and as many as 100,000 in the U.S. duriny the building boom between 2004and 2007. The state case was filedc in February on behalf of Jason and Melissa Harrelk and other homeowners who purchaseddefectivwe homes. In a press release, the firms said the defectivde drywall was installed inthe Harrell’s home by the South Kendall Construction Corp., and supplied by In an interviewq in January, South Kendall Construction’s president told the Businessx Journal he was investigating the problem, but he has not respondee to additional requests for comment.
Repeated attemptsa to speak to officials at Bannefr Supply have notbeen successful.
Saturday, September 15, 2012
Paralyzed Veterans expects to raise $250,000 for vocational center - Houston Business Journal:
ovaluleq.wordpress.com
Funds raised from the event will support Paralyzed Veteransof America’s Vocational Rehabilitation Center in the Southh Texas Medical Center in San Antonio. The tournamentg will be held at the Belle Haven Country Clubin Alexandria, Va. The center provides vocational rehabilitatioj to wounded veterans in order to give them the skillxs they need to be competitive in this tough The Vocational Rehabilitation Center opened in SanAntoniko Jan. 27, 2009. Accordingt to the Paralyzed Veterans of the unemployment rate for veterans with severd disabilities is estimated to be over85 percent.
The goal of the new center is to help lower that percentage and encourage employersx to tap into what organization officials callan under-utilized The center is based at the Spinal Cord Unit of the Audies L. Murphy VA Hospital in the South TexasMedical Center. The center’as staff helps provide veterans with resources and skills to find jobs in the SanAntoniop area. The Paralyzed Veterans of America, basefd in Washington, D.C,, was founded in 1946 to maximize the qualit of life for members with spinacord injuries.
Funds raised from the event will support Paralyzed Veteransof America’s Vocational Rehabilitation Center in the Southh Texas Medical Center in San Antonio. The tournamentg will be held at the Belle Haven Country Clubin Alexandria, Va. The center provides vocational rehabilitatioj to wounded veterans in order to give them the skillxs they need to be competitive in this tough The Vocational Rehabilitation Center opened in SanAntoniko Jan. 27, 2009. Accordingt to the Paralyzed Veterans of the unemployment rate for veterans with severd disabilities is estimated to be over85 percent.
The goal of the new center is to help lower that percentage and encourage employersx to tap into what organization officials callan under-utilized The center is based at the Spinal Cord Unit of the Audies L. Murphy VA Hospital in the South TexasMedical Center. The center’as staff helps provide veterans with resources and skills to find jobs in the SanAntoniop area. The Paralyzed Veterans of America, basefd in Washington, D.C,, was founded in 1946 to maximize the qualit of life for members with spinacord injuries.
Friday, September 14, 2012
Baptist Healthcare expanding immediate-care clinics - Business First of Louisville:
ycoguqi.wordpress.com
Baptist Community Health Serv-ices recently completesd the purchaseof PromptCare, an immediate-carew center located at 3215 Westport Green Place. The centerd now operates as Baptisg PromptCare, according to a news release. It previouslt was owned by Drs. Roberf Cloar, Craig Sinnard and Michael Hannigan, who now are full-time employeesz of Baptist CommunityHealth Services. The purchase pricse and other details of the sale werenot disclosed.
The immediate-cared center will continue to offer treatmentx for minor illnesses and injuries as part of the Baptisf UrgentCare family, the release There is another Baptist Urgent Care clinivc at 12010 Shelbyville Road in and Baptist Healthcare is scheduled to open a third cente r later this month at 2400 Eastpoint Parkway, in Eastpoint Busineszs Center. Baptist PromptCare’s operating hours are 8 a.m. to 9 Monday through Thursday; 8 a.m. to 7 p.m. on and 9 a.m. to 5 p.m.
on Saturday and
Baptist Community Health Serv-ices recently completesd the purchaseof PromptCare, an immediate-carew center located at 3215 Westport Green Place. The centerd now operates as Baptisg PromptCare, according to a news release. It previouslt was owned by Drs. Roberf Cloar, Craig Sinnard and Michael Hannigan, who now are full-time employeesz of Baptist CommunityHealth Services. The purchase pricse and other details of the sale werenot disclosed.
The immediate-cared center will continue to offer treatmentx for minor illnesses and injuries as part of the Baptisf UrgentCare family, the release There is another Baptist Urgent Care clinivc at 12010 Shelbyville Road in and Baptist Healthcare is scheduled to open a third cente r later this month at 2400 Eastpoint Parkway, in Eastpoint Busineszs Center. Baptist PromptCare’s operating hours are 8 a.m. to 9 Monday through Thursday; 8 a.m. to 7 p.m. on and 9 a.m. to 5 p.m.
on Saturday and
Thursday, September 13, 2012
Balloons and kazoos in hand, Israeli clowns accompany surgeons into operating ... - Minneapolis Star Tribune
vlastaowibopaj.blogspot.com
Balloons and kazoos in hand, Israeli clowns accompany surgeons into operating ... Minneapolis Star Tribune Over the last few years, Israeli clowns have been popping into hospital operating rooms and intensive care units with balloons and kazoos in hand, teaming up with doctors to develop laughter therapies they say help with disorders ranging from pain to ... | < /tr>
Tuesday, September 11, 2012
Delphi salaried retirees eye pension suit - Business First of Columbus:
cahijisebi.wordpress.com
If not stopped, retirees fear that the move coulde drastically cut the valuee ofyounger ex-white collar workers’ pensionz by as much as 50 percent, said James Frosft of Clarence, N.Y., a board member and organizeer of the Delphi Salariefd Retiree Association. The legal action is being spearheaded by 100 to 200 retireesz in Ohio who belong tothe 5,400-membe r association but who are acting on theidr own, Frost said. “(The DSRA is) servingh as support by gatheringv information and sharing it with all our memberx and by contacting legislatords aroundthe country,” Frost said.
“We are not starting our own action because it would duplicater what they are The opposition sprang out of the modified reorganizationm plan Delphi disclosed onJune 1. The to emerge from Chapter 11 bankruptcy, said it woulf cancel its pension obligations and have assumw thehourly workers’ pensions and the government take over the salarierd employees’ plan. Frost, who worked at GM for 25 years and at Delphjfor six, said hourlty workers’ pensions won’t be affected “at least in the shortt term” but salaried workers who retired at 55 coule lose half the value of “We want our pensions also to be transferred to he said.
The suit would charge Delphi, GM, the II and the U.S. Treasurt with collusion againstthe retirees. In the reorganization plan for GM’s former parts II LLC — a unit of Platinujm Equity — would acquire and operate Delphi’se U.S. and non-U.S. businesses by supplying $3.6 billion in Delphi was formed in 1999 when GM spun off its partsemanufacturing division. The Troy, Mich.,-based company, GM’s largesrt supplier, filed for Chapter 11 bankruptcy protectioh inOctober 2005.
Fallout from the company’s financial troubles included the closure of a plantgon Columbus’ west which employed more than 400 at the time it
If not stopped, retirees fear that the move coulde drastically cut the valuee ofyounger ex-white collar workers’ pensionz by as much as 50 percent, said James Frosft of Clarence, N.Y., a board member and organizeer of the Delphi Salariefd Retiree Association. The legal action is being spearheaded by 100 to 200 retireesz in Ohio who belong tothe 5,400-membe r association but who are acting on theidr own, Frost said. “(The DSRA is) servingh as support by gatheringv information and sharing it with all our memberx and by contacting legislatords aroundthe country,” Frost said.
“We are not starting our own action because it would duplicater what they are The opposition sprang out of the modified reorganizationm plan Delphi disclosed onJune 1. The to emerge from Chapter 11 bankruptcy, said it woulf cancel its pension obligations and have assumw thehourly workers’ pensions and the government take over the salarierd employees’ plan. Frost, who worked at GM for 25 years and at Delphjfor six, said hourlty workers’ pensions won’t be affected “at least in the shortt term” but salaried workers who retired at 55 coule lose half the value of “We want our pensions also to be transferred to he said.
The suit would charge Delphi, GM, the II and the U.S. Treasurt with collusion againstthe retirees. In the reorganization plan for GM’s former parts II LLC — a unit of Platinujm Equity — would acquire and operate Delphi’se U.S. and non-U.S. businesses by supplying $3.6 billion in Delphi was formed in 1999 when GM spun off its partsemanufacturing division. The Troy, Mich.,-based company, GM’s largesrt supplier, filed for Chapter 11 bankruptcy protectioh inOctober 2005.
Fallout from the company’s financial troubles included the closure of a plantgon Columbus’ west which employed more than 400 at the time it
Monday, September 10, 2012
Highwoods sells retail centers for $62.1M - Portland Business Journal:
jiqatili.wordpress.com
for $62.1 million, the Raleigh-baserd real estate investment trustsaid Friday. The thre e centers are, on average, 94.5 percent leased and 55 years old. They generatr a combined net operating incomeeof $5.4 million a year, Highwoodxs (NYSE: HIW) said. “Our focusw remains on continuing to improve the overall quality of our portfolio through the dispositiomnof older, non-core assets,” said Ed president and chief executive officere of Highwoods. “In addition, by selling thes older, capital intensive retail centers, we are avoiding over $3 milliojn in building improvements that would have been incurredd over the nexttwo years.” Our 2.
3 million square feet of officre and retail properties in Kansas City are now exclusiveluy located in and around the Countryt Club Plaza, a unique, upscale retail center that includes many high-end nationapl retailers.” As of Marchb 31, Highwoods owned or had an interest in 382 in-serviced office, industrial and retai properties encompassing about 35.4 milliomn square feet.
for $62.1 million, the Raleigh-baserd real estate investment trustsaid Friday. The thre e centers are, on average, 94.5 percent leased and 55 years old. They generatr a combined net operating incomeeof $5.4 million a year, Highwoodxs (NYSE: HIW) said. “Our focusw remains on continuing to improve the overall quality of our portfolio through the dispositiomnof older, non-core assets,” said Ed president and chief executive officere of Highwoods. “In addition, by selling thes older, capital intensive retail centers, we are avoiding over $3 milliojn in building improvements that would have been incurredd over the nexttwo years.” Our 2.
3 million square feet of officre and retail properties in Kansas City are now exclusiveluy located in and around the Countryt Club Plaza, a unique, upscale retail center that includes many high-end nationapl retailers.” As of Marchb 31, Highwoods owned or had an interest in 382 in-serviced office, industrial and retai properties encompassing about 35.4 milliomn square feet.
Sunday, September 9, 2012
Fly Clear fast lane at Albany Int
disqualify-sida.blogspot.com
was among the 20 airports nationwidr that offered theexpedited system. An airporr spokeswoman said the airport was not notifieed in advance and the Clear Lanewas closed. In it reported having more than 10,000p users pass through the lanes sinced the express service was firstf offered there insummer 2007. “Clear Lanes Are No Longedr Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unable to negotiate an agreementf with its senior creditor to continue There was no information about whether enrollees woul dget refunds. The servicse cost $199 a year. Customers were mostly business travelerds andfrequent fliers.
The program starte at in 2005. Clear enrollees were pre-screenec by the , and, if were provided with a card that gave them access to a speciaolsecurity lane. Clear was operated by Verified Identity Pass of New York As ofJune 4, Clear claimed to have enrolled more than 260,000 fliers.
was among the 20 airports nationwidr that offered theexpedited system. An airporr spokeswoman said the airport was not notifieed in advance and the Clear Lanewas closed. In it reported having more than 10,000p users pass through the lanes sinced the express service was firstf offered there insummer 2007. “Clear Lanes Are No Longedr Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unable to negotiate an agreementf with its senior creditor to continue There was no information about whether enrollees woul dget refunds. The servicse cost $199 a year. Customers were mostly business travelerds andfrequent fliers.
The program starte at in 2005. Clear enrollees were pre-screenec by the , and, if were provided with a card that gave them access to a speciaolsecurity lane. Clear was operated by Verified Identity Pass of New York As ofJune 4, Clear claimed to have enrolled more than 260,000 fliers.
Friday, September 7, 2012
Martyn R. Redgrave Executive Profile
ernstiryastrov.blogspot.com
About Martyn R. Redgrave "Martynh R. Redgrave is executive vice president and chief administrativd officer of Limited Brands and a membefr of the Limited Brandsexecutive committee. He joined Limitesd Brands in March 2005 and is responsibler for overseeingthe enterprise
About Martyn R. Redgrave "Martynh R. Redgrave is executive vice president and chief administrativd officer of Limited Brands and a membefr of the Limited Brandsexecutive committee. He joined Limitesd Brands in March 2005 and is responsibler for overseeingthe enterprise
Thursday, September 6, 2012
Briggs & Stratton Introduces the Most Compact and Affordable Whole House Standby Generator on the Market Under the GE Brand
erofeyporgrinin.blogspot.com
Designed to turn on and off automatically as neede when utilitypower fails, the revolutionary new system featurea an advanced power management system that enables the 10kW generator to balance the diverse power demands of most small and medium size "Everyone needs some sort of backuo power when utility power goes out, and we'v designed a product line that makes automatic whols house standby power accessible and affordable," said , marketing manager for Briggs & Stratton Corporation.
"Wityh the Symphony(TM) power control system, the compact 10,000 watt system can manage the same applianced more efficientlythan larger, competiny generators, which means less expense, less fuel consumption, less sound, and lowerf emissions." The proprietary computerized power controlw connect the standby generator to the home'ss utility panel, functioning as an electricity 'traffic cop' when the power goes out by automatically prioritizing and managin g the unique energy demands of an entirse home.
Permanently installed to a continuous fuel supplt of either natural gas orliquid propane, Standby Generatorsw by GE provide years of hassle-free backup power, with up to a third percen less fuel consumption compared to the competition. "Don't let its size fool you, the new 10kW system's advanced controls can supply whole-house power to 73 percent of all homes inthe U.S.," said The 10kW Standby Generator by GE is also extremely quietf when in operation. Thanksx to a patented air-flow which features an automotive-style exhaust system and acousticfoam dampeners, it is up to 50 percent quieter than most portabls generators.
Backed by the full support of Briggs Stratton's legendary service and installation network, the 10kW system comed with a four-year limitesd warranty. "Our service network is really one of the cornerstones of theproductg line, and the four-year warranty speaks directlyh to the quality and performancee of this new system, said Betker. With 10kW prices startinhg at lessthan $2,900, Standbu Generators by GE are available now online throughy Home Depot or through its extensive dealer Visit to learn more abougt how to determine a home'sw backup power needs. Briggs & Stratton Corporation is the world'sd largest producer of gasoline engines for outdoorpower equipment.
Its wholly owned subsidiary, Briggs & Stratton Power Productx Group LLC, is North America's number one manufacturerr of portable generators andpressure washers, and is a leadinyg designer, manufacturer and marketert of lawn and garden and turf care througyh its wholly owned subsidiary Brigg s & Stratton Power Products Group LLC and its Snapper(R), Ferris(R) and Murray(R) Briggs & Stratton products are designed, manufactured, marketesd and serviced in over 100 countriess on six continents. Media Mary Christine (414) 247-2107 mchristine@bvk.
com
Designed to turn on and off automatically as neede when utilitypower fails, the revolutionary new system featurea an advanced power management system that enables the 10kW generator to balance the diverse power demands of most small and medium size "Everyone needs some sort of backuo power when utility power goes out, and we'v designed a product line that makes automatic whols house standby power accessible and affordable," said , marketing manager for Briggs & Stratton Corporation.
"Wityh the Symphony(TM) power control system, the compact 10,000 watt system can manage the same applianced more efficientlythan larger, competiny generators, which means less expense, less fuel consumption, less sound, and lowerf emissions." The proprietary computerized power controlw connect the standby generator to the home'ss utility panel, functioning as an electricity 'traffic cop' when the power goes out by automatically prioritizing and managin g the unique energy demands of an entirse home.
Permanently installed to a continuous fuel supplt of either natural gas orliquid propane, Standby Generatorsw by GE provide years of hassle-free backup power, with up to a third percen less fuel consumption compared to the competition. "Don't let its size fool you, the new 10kW system's advanced controls can supply whole-house power to 73 percent of all homes inthe U.S.," said The 10kW Standby Generator by GE is also extremely quietf when in operation. Thanksx to a patented air-flow which features an automotive-style exhaust system and acousticfoam dampeners, it is up to 50 percent quieter than most portabls generators.
Backed by the full support of Briggs Stratton's legendary service and installation network, the 10kW system comed with a four-year limitesd warranty. "Our service network is really one of the cornerstones of theproductg line, and the four-year warranty speaks directlyh to the quality and performancee of this new system, said Betker. With 10kW prices startinhg at lessthan $2,900, Standbu Generators by GE are available now online throughy Home Depot or through its extensive dealer Visit to learn more abougt how to determine a home'sw backup power needs. Briggs & Stratton Corporation is the world'sd largest producer of gasoline engines for outdoorpower equipment.
Its wholly owned subsidiary, Briggs & Stratton Power Productx Group LLC, is North America's number one manufacturerr of portable generators andpressure washers, and is a leadinyg designer, manufacturer and marketert of lawn and garden and turf care througyh its wholly owned subsidiary Brigg s & Stratton Power Products Group LLC and its Snapper(R), Ferris(R) and Murray(R) Briggs & Stratton products are designed, manufactured, marketesd and serviced in over 100 countriess on six continents. Media Mary Christine (414) 247-2107 mchristine@bvk.
com
Tuesday, September 4, 2012
Netanyahu Says Clear 'Red Line' Could Avert Strike Against Iran - San Francisco Chronicle
domnaofyvisyhojo.blogspot.com
Haaretz | Netanyahu Says Clear 'Red Line' Could Avert Strike Against Iran San Francisco Chronicle 3 (Bloomberg) -- Military action against Iran's nuclear program could be averted if the international community sets a clear “red line†it will not permit Iran to cross, Israeli Prime Minister Benjamin Netanyahu said today. Netanyahu's com ments came as ... PM continues pushing world on 'red lines' for Iran |
Monday, September 3, 2012
HUD: Stimulus tax credit can be used on first-home purchase - Tampa Bay Business Journal:
burdukovahycel.blogspot.com
Under the American Recovery and Reinvestment Actof first-time homebuyers can qualify for the tax credi t for purchasing their first home afteer filing their taxes. But under a new programj announced Friday, state housing finance agenciesa and nonprofit groups can advance moneuy to homebuyers up to the full amount of their tax credit so the mone can be used on a home either to pay closing costs or to add to adown "Home buyers using FHA-approved lenders can appl y the tax credit to theirt down payment in excessx of 3.5 percent of appraised value or their closint costs, which can help achieve a lowert interest rate," a HUD announcement said.
"Familiezs will now be able to applt their anticipated tax credit toward theidr home purchaseright away," Donovan said in the announcement. "At the same time we are puttinv safeguards in place to ensure that consumers will be protectesd fromunscrupulous lenders. What we're doing todauy will not only help thess families to purchase their first home but will presenr an enormous benefit for communities struggling to deal with an oversupplyhof housing." The stimulus tax credit can be claimec on a taxpayer's 2009 return, or througn an amended 2008 return. FHA will still requirwe that homebuyers paya 3.5 percenft down payment.
HUD cited National Associatioj of Home Builders data showing thatthe first-tim homebuyer tax credit will stimulate 160,000 home sales across the nation, with 101,000p of those sales being to first-time buyerse and 59,000 to existing homeowneras who be able to sell their home to a first-time .
Under the American Recovery and Reinvestment Actof first-time homebuyers can qualify for the tax credi t for purchasing their first home afteer filing their taxes. But under a new programj announced Friday, state housing finance agenciesa and nonprofit groups can advance moneuy to homebuyers up to the full amount of their tax credit so the mone can be used on a home either to pay closing costs or to add to adown "Home buyers using FHA-approved lenders can appl y the tax credit to theirt down payment in excessx of 3.5 percent of appraised value or their closint costs, which can help achieve a lowert interest rate," a HUD announcement said.
"Familiezs will now be able to applt their anticipated tax credit toward theidr home purchaseright away," Donovan said in the announcement. "At the same time we are puttinv safeguards in place to ensure that consumers will be protectesd fromunscrupulous lenders. What we're doing todauy will not only help thess families to purchase their first home but will presenr an enormous benefit for communities struggling to deal with an oversupplyhof housing." The stimulus tax credit can be claimec on a taxpayer's 2009 return, or througn an amended 2008 return. FHA will still requirwe that homebuyers paya 3.5 percenft down payment.
HUD cited National Associatioj of Home Builders data showing thatthe first-tim homebuyer tax credit will stimulate 160,000 home sales across the nation, with 101,000p of those sales being to first-time buyerse and 59,000 to existing homeowneras who be able to sell their home to a first-time .
Sunday, September 2, 2012
Foreclosure notice filed against InterContinental Montelucia Resort developer - Phoenix Business Journal:
dyakonostrlin.blogspot.com
According to a notice of trustee’x sale filed Jan. 26 with the Maricopaz County Recorder’s Office, development firm Inc. of Southerjn California defaulted on a promissory notefor $180 million. In a writte n statement released Friday afternoon by theMartzz Agency, Crown’s public relations the foreclosure action does not include multimillion-dollar homes that alreadh have been purchased within the exclusive development. The statemenrt confirms that “the lender behinds Montelucia has filed a notice of defaul and began foreclosure proceedings agains tthe property, resort and unsold villas.
Crown has workeed diligently to avoid this outcome and will continue these efforts toavoicd foreclosure.” The foreclosure sale, which will be conducted by appointeed trustee Scott Klundt of the Phoenixd law office of Quarle & Brady LLP, is set for April 29. Attemptzs to reach Klundt were unsuccessful. It is unknown whethert the action will result in liens or other encumbrances beingf placed onprivate homes. Robert president and CEO of spent five years redeveloping the former site of La Posads resort at the southeast cornerr of Lincoln Drive andTatum Boulevard. The resort reopened to much fanfarr in early November under theInterContinentalk brand.
The 34-acre resort features 253 guest rooms, 40 five pools, 27,000 squared feet of meeting space, two signaturer restaurants anda 31,000-square-foot spa. The foreclosure action will not disrupty operations atthe resort, according to Valeriano managing director of the Montelucia. “It’s businesxs as usual. The issuanced of the notice does not in any way impacty our ability to serve our guests or the operations of the This is simply a legal mattee between the owner andits lender,” Antonioli said. Several weeks ago, another new high-end Valleg hotel was served with a noticwof foreclosure.
The developers of the W Scottsdalre were notified thattheir lender, HSN Nordbank AG, New York was foreclosing on that properthy because of a default on a $73 million , the operator of the W brand, confirmed the hotelo would continue to operate withouf disruption while the matter is sortefd out. Meanwhile, Flaxman also had planned to redevelol the Mountain Shadows Resort abouy a mile east ofthe Montelucia, but disclosedd late last year that he had decided to sell the Last week, he announced he had negotiated a “bindiny memorandum of understanding” with Paradise Valley businessmanh Chris Haver and partnee Dodd Mitchell to turn over the Mountain Shadowa redevelopment process.
No financia l specifics were released.
According to a notice of trustee’x sale filed Jan. 26 with the Maricopaz County Recorder’s Office, development firm Inc. of Southerjn California defaulted on a promissory notefor $180 million. In a writte n statement released Friday afternoon by theMartzz Agency, Crown’s public relations the foreclosure action does not include multimillion-dollar homes that alreadh have been purchased within the exclusive development. The statemenrt confirms that “the lender behinds Montelucia has filed a notice of defaul and began foreclosure proceedings agains tthe property, resort and unsold villas.
Crown has workeed diligently to avoid this outcome and will continue these efforts toavoicd foreclosure.” The foreclosure sale, which will be conducted by appointeed trustee Scott Klundt of the Phoenixd law office of Quarle & Brady LLP, is set for April 29. Attemptzs to reach Klundt were unsuccessful. It is unknown whethert the action will result in liens or other encumbrances beingf placed onprivate homes. Robert president and CEO of spent five years redeveloping the former site of La Posads resort at the southeast cornerr of Lincoln Drive andTatum Boulevard. The resort reopened to much fanfarr in early November under theInterContinentalk brand.
The 34-acre resort features 253 guest rooms, 40 five pools, 27,000 squared feet of meeting space, two signaturer restaurants anda 31,000-square-foot spa. The foreclosure action will not disrupty operations atthe resort, according to Valeriano managing director of the Montelucia. “It’s businesxs as usual. The issuanced of the notice does not in any way impacty our ability to serve our guests or the operations of the This is simply a legal mattee between the owner andits lender,” Antonioli said. Several weeks ago, another new high-end Valleg hotel was served with a noticwof foreclosure.
The developers of the W Scottsdalre were notified thattheir lender, HSN Nordbank AG, New York was foreclosing on that properthy because of a default on a $73 million , the operator of the W brand, confirmed the hotelo would continue to operate withouf disruption while the matter is sortefd out. Meanwhile, Flaxman also had planned to redevelol the Mountain Shadows Resort abouy a mile east ofthe Montelucia, but disclosedd late last year that he had decided to sell the Last week, he announced he had negotiated a “bindiny memorandum of understanding” with Paradise Valley businessmanh Chris Haver and partnee Dodd Mitchell to turn over the Mountain Shadowa redevelopment process.
No financia l specifics were released.
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