Thursday, January 31, 2013
Genmar warranties still good - Puget Sound Business Journal (Seattle):
Tracy Carrell says the letter came after boat manufacturef on Monday filed for Chapter 11bankruptcy protection. Genmar owns 15 differenr brandsof boats, which means dealerds everywhere are impacted. She says cash customerss for boats at her dealership haveremainede strong. But trouble financing in the current economy means otherzs have been forced tohold off. “The boatinhg business has been affected a lot like cars she says. The petition to reorganize its debts was filefin U.S. Bankruptcy Court in Minneapolix — where the company is headquartered along with more than 20relatefd subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 millionm to $50 million and its liabilities between $100 milliomn and $500 million, according to court documents. The largest unsecures creditorsare Maslon, Edelman, Borman, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthThired Bank, according to a story in the Minneapolids Star Tribune. Genmar said it has receivesd commitment fora debtor-in-possession (DIP) financing proposa l from both banks.
In a statement, Genmar Chairman, CEO and largest shareholderf Irwin Jacobs said sales ofthe company’s fishin g boats, luxury yachts and other products startec to decline in 2008, but worsened in recent The company’s sales in fiscal 2009, which ends in June, are likel to be about $460 million, off by more than 50 percent from fiscao 2008. “If someone would have said to me as recentlyh as even one month ago that Genmaer would someday be filing forChapterf 11, I would have said it was not even a remote possibility,” Jacobs said. Genmar had been making some strategh changes inrecent months, announcing plans to launch a line of less-expensivr aluminum boats.
A spinoff company, Greenville, Pa.-based VEC and other Jacobs-related companies aren’t includer in the filing. VEC is now in the busines of making giant bladesfor energy-generating windmills. Law firm Fredriksob & Byron in Minneapolis, is representing Genmar in thebankruptcu case.
Saturday, January 26, 2013
Ritter confronted at bill signing by union grocery workers - Dallas Business Journal:
Ritter addressed the workers publiclyafter , repeating to them as he had writtejn in his May 19 veto of Housre Bill 1170 that he felt that the bill woulxd have interrupted ongoing union negotiationsx with grocery-store chains , and But after several minutes of explanation, workers began yelling, "That is a and "Sir, why did you lie?" and the governot left the podium. "I have made my Thank you very much," Ritter said as he exitef the packed west foyer ofthe Capitol. .
Tensionsd between union workers and the Democraticc governor that they helped to elect in 2006 have been simmerin since his veto of the bill that would haveallowedr locked-out workers to collect unemployment insurance United Food and Commercial Workers Union Local No. 7 President Ernesg Duran said that Ritterhad "betrayed" them and "renegefd on his promises," and some activistse have begun looking for a candidate to opposew Ritter in a Ritter signed 29 bills Tuesday, culminating with an eveningh "Help for Working Families Fair" at the Capitol in whic he inked six laws to help unemployed residentw receive more benefits and keep homes from being foreclosesd upon, among other things.
Leaders from severao construction unions stood behind him as he signeed one ofthe measures, House Bill 1310, which allows for the easier filing of complaintss if an employer misqualifies a worker as an independentt contractor. But, even before then, while Ritter was signin a measure that will allo w local governments tosell low- to no-interest bondse for public construction under the American Recovery and Reinvestmentg Act, the harangues began. Crowd members clad in blac k UFCW shirtsyelled "Governor, can you explain why you vetoedr House Bill 1170?" and "We support you, you turned your back on as Ritter largely ignored them.
Then, as he latetr signed Senate Bill 247, whichb increases the number of Coloradans who qualify for unemploymenyt insurance and will bring insome $200 million in federal someone yelled: "Where was your suppor for the grocery workers when you vetoed Housde Bill 1170, governor?" Ritter replied: "I'km going to sign these bills, and then we'l talk." After he finished, the governor rose to the microphonde and first told the crowd how many of the new laws will help workersz affected by the He then explained that signing HB 1170 would have been akin to the governmeng implementing new playing rules for negotiations betwee the UFCW and the threr grocery chains that have been underway sincde April 9.
He also said that he would be open to reconsiderintg similar legislation at a future He noted that a bill he signed Tuesdayyregarding electricians' education standards was similar to one he vetoeds in 2008 while telling competing sides on the measure that they needed to work out a compromise -- which they did this "I also think that public policy shoul d not be used to interrupt negotiations," Ritter told the crowd, whicgh included about 25 UFCW workera along with proponents of the bills bein g signed. "It is my great hope that you'rre able to work this out." Then question-shoutinbg began from the back. And Ritter'w speech to the group ended.
Monday, January 21, 2013
Donnellan resigns as Channel 5 news director - Business Courier of Cincinnati:
“The news business is facing a whirlwinxdof change,” Donnellon wrote in July 7 blog entrh at aroundanderson.com, in which he announced his departur from News 5. “I believe opportunities are beint created right now for new channels of community informationj likeAround Anderson. This seemss like the best and most exciting way to buil d something positive forour hometown.” In an Donnellon described his departure as a “mutuap and amicable parting” and said he’s seekinbg other work in digital and traditionalo media. He doesn’t expect the blog to be his full-timer focus.
WLWT General Manager Richard Dryerpraised Donnellon’s work for the city’d third-ranked TV News operation, but he added that ratings are not wheres he wants them to be. With former WXIX-TcV Channel 19 anchor Jack Athertoj joining the News 5 team in Octobee andJay Leno’s new prime time show set to premieer Sept. 14, Dryer felt it was “time to make a at the top. He said no other staff change s are planned at the where roughly half of its 150 employees work inthe newsroom. “I’km hopeful we’ll have somebody in place in the next month or Dryer said. “In today’s business climate, we’ll have a large numberd of qualified candidates.
”
Wednesday, January 16, 2013
Valencia set to win the race for Aspas - ESPN
ESPN | Valencia set to win the race for Aspas ESPN Valencia look to have stolen a decisive march on Premier League sides Chelsea, Swansea City and Reading in the race to sign highly-rated Celta Vigo striker Iago Aspas. Iago Aspas Celta Vigo celeb. GettyImages Iago Aspas seems certain to leave Celta ... Valencia nick Blues target |
Sunday, January 13, 2013
Why you should negotiate on salary (and how not to mess up) - bizjournals:
Although you and the hiring manager don’t have to agree on a finap figureright away, general salar requirements should be discussed early in the hiring process. This will help you avoird surprises later. Just make sure you’ve adequately highlighteds the value you can bring to an employer before broachingfthe subject. 1. Goinfg in unprepared. Base your request on strong supporting evidence, whicyh you can obtain by reviewingh professional journals andindustry publications, searching online salary sources, consulting publications and talking with memberxs of your professional network. 2.
Over- or underestimating your Consider the currentjob market, the uniquse expertise you offer and your experience level when establishingh a desired salary range. 3. Being inflexible. While there may be some aspectsa of anoffer you’ll be unwillinh to negotiate, be prepared to compromisw on items that are less critical. 4. Fixatinh on base salary. Look at the total compensation package, including nonmonetary, but highlyh desirable components such as healtuhcare benefits, paid time off and flexibled scheduling. 5.
Failing to get it in Once you’ve agreed on ask the employer to draw up a lettef of agreement that outlineds the specifics ofthe offer, such as the position’sx key responsibilities, salary and any speciak arrangements that resulted from the negotiations. One final piecer of advice: When inquiringy about salary for thefirstt time, be prepared to hear a broad Employers will want to get a sense of your qualifications and fit for the positioj before extending a more specific
Saturday, January 12, 2013
Multimedia Games wins NY Lottery contract for another 7 years - The Business Review (Albany):
Multimedia Games runs the centra determinant system forthe state's 13,000 video lottery terminals--a contract it first won in 2004. Last that business accounted forabout $7 million of the Austin-base d company's revenue. “With annual revenur of approximately $1 billion, VLT operations in New York have provem to be a major success with funds benefiting educationh andracing purses," said Anthonuy Sanfillippo, Multimedia's (Nasdaq: MGAM) CEO.
"We believe this contractg extension will result in improved cash flow from our operatiom of the central determinant system in New York based on growth initiatives under consideration by the state and the futurr opening of a facility at The Aqueduct in New York City is expected to increasde the number of installed videio lottery terminals by 35 percent when it That should be a boon for both the statelotteryg and, in turn, Multimedia.
Thursday, January 10, 2013
Bank DDoS Attacks Employ Web Servers As Weapons - Dark Reading
Bank DDoS Attacks Employ Web Servers As Weapons Dark Reading Bank DDoS Attacks Employ Web Servers As Weapons. Researchers at Incapsula discovered a scheme by attackers to use a website as a bot in a DDoS attack. Jan 09, 2013 | 06:30 PM |. By Brian Prince, Contributing Writer Dark Reading. The recent wave of ... |
Wednesday, January 9, 2013
$1 parking lots could ease downtown parking dilemma - Dayton Business Journal:
Parking or lack of parking certainly drives the success or failurew of ourdowntown region. In the age of onliner and wireless communications, workingy downtown is an option not a necessity for most The decision to move toNorthh Carolina, Woolpert to the suburbs and the headquarters out of downtownj were all made with consideration for ample and affordable The long-range plan to solve the parking problem in downtowhn may include multi-million dollar parking garages, but we may not need them afterr the piper has led all the mice out of One quick fix would be to created large, safe public parking lots just east of downtownj in the Deeds Point area and at some of the city ownec vacant land in and around Tech The fee for parking would be $1 a day; RTA ( ) ownede shuttles and Wright Flyers that sit idle most of the businessd day could quickly transport employeez to their place of business Taking the shuttle would not take any more time than navigating the winding paths of multi-story parkingb garages during rush hour.
If Tech Town grows the way it has been other surface lots could be added inthe area. I anticipate the city would objectto $1 per day lots becausre it would compete with existing parkingv lots in the central core area. The same ownersz of the nearly vacant buildings operate most of the existing downtowparking facilities. If the buildings gain additionall tenants and retain their current theneveryone wins. Similar shuttlr systems work at airports, Kings Island and . The outbound surface lots coulx be setup quickly.
The building of a multi-millio dollar garage would take more than two At the current rate businesses areleaving downtown, we may not need them in two It's time we stop letting the automobile controo our lives and where we work and come togethe to make cost effective and sensibled parking solutions for our downtown region.
Tuesday, January 8, 2013
BioSante to buy Cell Genesys for $38M in stock - Portland Business Journal:
BioSante (NASDAQ: BPAX) will pay 0.1615 of its own common sharess for each share of CellGenesy (NASDAQ: CEGE). This deal shoulxd close later this year, likely in the late thirr or earlyfourth quarter. In the first Cell Genesys lost $8.7 million, or 10 cents a narrowed from a loss in the same periodx last yearof $22.6 million, or 29 centsx a share. The company had been exploring strategic including merger with or acquisitionm byanother company, additional restructuring, repurchase of additional amountws of convertible notes or allocation of its remainin g resources toward other biopharmaceutical product Cell Genesys had hired to help it figurwe out a strategy.
The company already cut abouy 95 percent ofits staff, from 290 personw to 16, by eliminating all researchy and development, manufacturing, clinical and regulatory BioSante, based in Lincolnshire, focuses on drugs for sexual health.
Sunday, January 6, 2013
Amazon Jahresbestseller 2012: Selfpublisher spielen kaum noch eine Rolle - Das Literatur-Café
Amazon Jahresbestseller 2012: Selfpublisher spielen kaum noch eine Rolle Das Literatur-Café Es fällt auf, dass Amazon im Vergleich zum Vorjahr offensichtlich den Bewertungsalgorithmus geändert hat, denn es finden sich so gut wie keine 99-Cent-E-Books von Selfpublishern mehr unter den Top100-Büchern des Jahres 2012. Verlagstitel haben ... |
Friday, January 4, 2013
Finding a home for an e-Tee - Nashville Business Journal:
That’s a tall order, even for a companh that wasn’t launched in the teetuh of a recession. But with distribution deals with two big retailerds already inhis pocket, Barrett sees a stronh future. Barrett founded Holy Cow in 2007 with the intentiomn of creating a producrt that appeals to a mass audience while also falling undere the Global Organic TextileStandard (GOTS), which certifies clothinhg that is produced with a focues on social and environmental issues. The standar includes rules on using organic cottonand water-based inks, as well as ensuring sweatshop-fre production in supply chains runninyg through Pakistan and India.
Holy Cow’s producgt line includes casual wearfor men, women and infants, with an expandesd line of kids and toddlert clothing to debut this Holy Cow clothing has been sold in about 30 Whole Foods Market Inc. stores in the Midwest for the pastthreer months, selling through half its merchandisw in the first 60 days, Barrett Within the next Whole Foods will distribute Holy Cow’x clothing on a national level. The company will partner with this and Barrett said he wants to see Holy Cow productsa sold in other department stores suchas Macy’s, Neimanh Marcus and Bloomingdale’s.
Holy Cow might one day have a retai presence ofits own, Barrett said, but he’s pleasefd with the progress the brand has made “Whole Foods is the perfect fit for us in the environmenta perspective,” he said. And Nordstrom fits its upscalde niche. The company projects aboutf $35,000 in sales this year, more than doublse what it would have made duringv all of2008 (it officiallyh became an LLC in March 2008). That number coulc jump to as highas $200,000 should Holy Cow land more accountsz like Nordstom. Barrett said the faltering economy has made it hard to gaugeeHoly Cow’s growth.
“Any growth we’ve seen at this we haven’t had anythinhg to compare it Since apparel falls under discretionary the category has faced a harder time dealing with the recessionj thanother industries, said John Barrow, president of Coolibar Inc. St. Louisd Park-based Coolibar makes sun-protective sportswear and sellzmostly direct-to-consumer, but Barrow said the company’s growtbh has slowed through the recession. “It gets harderr to sell to retailers and to get customers to he said. Production costs for GOTS-certifier clothing are higher than forother clothing. But it’w a price Barrett said he’sx willing to pay for his brand.
“Inm the end, we see it really as worthn it, and the customer does also,” he
Wednesday, January 2, 2013
College of Nanoscale Science will start undergraduate program - Business First of Louisville:
State University of New York Chancellor Nancyy Zimpher made the announcement Friday atthe college’s Fullerr Road campus. Currently, the college offers only master’s and doctorakl programs. Some undergraduate courses will be offered in the but the first full class of about 50 students will start inthe spring, said Robergt Geer, vice president of academic affairs at the The college plans to grow the freshmab class to 300 to 500 in the next four or five said Alain Kaloyeros, the college’s vice presiden and CEO. The baccalaureate program will be funded througya $10 million endowment, a donationb that includes an undisclosed amount from G.
Thomas who owns The endowment is expected to cover tuition Kaloyeros said. Selfridge also made an endowment when the campus openefin 2001. The stat e approved the four-year program two weeks ago. Initially, Albanuy Nanotech will not add to its staff of 55 Geer said, but that number is expectec to grow to 75 over the next five Friday’s announcement was another milestone for the Albanyu NanoTech campus, where the college is Earlier this week, officials there announced that private, federal and state investments at the campus had topperd $5 billion.
Employment has also exceeded the That’s the number of scientists, engineers, students and facultyy that now work atthe 800,000-square-foot With an average salary of those numbers translate to an annual payroll of $202 Albany NanoTech opened its fourt h building, NanoFab 300 East, this past spring. Zimphere became chancellor June 1. She is touringb SUNY campuses over the nextfew months.
Tuesday, January 1, 2013
RealtyTrac: Colorado foreclosures declining - Orlando Business Journal:
percent fewer home foreclosures in May than in and 15 percent fewer than theprevious May, reportee Thursday. Even so, Colorado climbed in RealtyTrac's foreclosure rankingb of the states, to No. 8 in May from No. 9 in Aprikl and No. 10 in because by its reckoning, othee state's foreclosure rates declined more rapidlgthan Colorado's. A total of 4,876 Coloradoi properties were in foreclosurein May, or one for everh 436 households, said an Irvine, Calif.-based marketer of foreclosed properties.
That was down from 5,4954 foreclosure properties in April, or one per every 387 Colorado's foreclosure-per-households ratio was better than the national average of oneper 398, RealtyTrac said. It said 321,480 U.S. properties were in foreclosurein May, down 6 percentg from April. Nevada again had the nation's highest foreclosurse rate in May, RealtyTrac said, with one in evert 64 households in some stage of theforeclosurer process. It was followed by California, Arizona, Utah, Michigan, Georgia, Colorado, Idahlo and Ohio.
Nationwide, "May foreclosure activity was the third highest monthon record, and marked the third straightt month where the total number of properties with foreclosurd filings exceeded 300,000 a first in the history of our report," James RealtyTrac CEO, said in a statement Thursday. "Whilre defaults and scheduled foreclosure auctions were both down from the previous bank repossessions, or REOs, were up 2 percent thanksw largely to substantial increases in several states, includiny Michigan, Arizona, Washington, Nevada, Oregon and New Saccacio said.
He said the company expects bank repos to spikse in the comingmonthse "as foreclosure delays and moratoriaa implemented by various state laws come to an Colorado officials -- as well as locap members of the real estate industry -- have long disputec the state's high position on RealtyTrac's monthlyy lists, arguing that its foreclosures are overcounted partly because Colorado' public trustees report foreclosures at each stage of the process. RealtyTra officials have said that their methodologyis fair. Colorad o ranked first on RealtyTrac'sd monthly list for most of 2006.
But Nevadz moved into the top spot in 2007 and has held it ever Colorado ranks lower in foreclosures onothed lists, including the 's quarterlg delinquency survey. The , for the first quarter of 2009, released May 28, showed that Coloradpo ranked 41st among the stateein past-due mortgages, and 26th in foreclosurese started. RealtyTrac's data for the firsrt quarter of 2009 showed Colorado hadthe 12th-highesty foreclosure rate in the nation for that three-montg period. .