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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.
Thursday, January 31, 2013
Saturday, January 26, 2013
Ritter confronted at bill signing by union grocery workers - Dallas Business Journal:
olimstgon.blogspot.com
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.
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:
sucujovide.wordpress.com
“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.
”
“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
sucujovide.wordpress.com
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:
tatyanagepoji.blogspot.com
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
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):
ogarawo.wordpress.com
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.
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
aaekipolo.blogspot.com
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 ... |
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