Thursday, December 30, 2010
Crate & Barrel
Crate & Barrel, based in Northbrook, confirmed May 27 that Atlanta is one of the metrpareas it’s scouting for potential locationsa for CB2. First launched in Chicago, the CB2 concepf features contemporary furnishings at lower price The merchandise, which includes hand-woven rugs, convertible beds and a broadert selection of eclectic home décor, is focused more on the youngerf generation of American consumers that rent apartments and smallk urban lofts.
Besides Chicago, privately owned Cratre & Barrel has rolledr out CB2 in New York and including a new store in Los Angeless that opened in Another CB2 is slated to openin Miami’s South Beach lated this year, a Crate Barrel spokeswoman said. In all, Cratwe & Barrel has launched just six CB2 Inrecent years, CB2 officialsd have been focusing on new locations in Southerm California. The company tendzs to locate in areaswith high-profile regional shoppingv centers, lifestyle centers and freestanding sites. CB2 officiala have been looking in densely populated areas with an averagre household income in excessof $50,000. Its prototyps store is about 12,000 square feet.
Whilwe Crate & Barrel would not confirm what parts ofAtlanta it’sx been considering, sources familiar with the searcyh say it’s focused on Midtown and West where new residential and retail redevelopment projectsx are still under way. In Midtown, Daniel Corp. and are developingt 12th & Midtown, a $2 billion mixed-us project built on a site that severaol years ago was little more than an Atlanta nightcluvb and a couple of parking Daniel and Selig Enterprises have made a presentation to officialas from CB2 inrecent months, according to sourcexs familiar with the process.
The projects will eventuallg feature more than 3 million square feet of residentialp andcommercial space. CB2 would be the first nationa retailer to locate on the Midtown a section of Peachtree Streett that economic development boosters hope will eventually become a retail destinationm much like Madison Avenue in New York City or the Magnificenr Milein Chicago. Daniel’s and Selig project is meant to be a cornerstoner of theMidtown Mile. ’s Colony Square and Jamestown’s 999 Peachtrere will also be key components, alongb with 1100 Peachtree and 1180 to alesser extent, brokers and developers said. CB2 couldc be an important catch for theMidtown Mile.
Developers, really need to land a much larger anchof store to give theconcepr momentum, said Maranda Walker-Dowell, a senior director with CB .’z retail services group. Barney’s, which has a co-op store in Buckhead’s Phipps Plaza, has been scoutinhg the area in the past year to18 months. “Thwe Midtown Mile needs an anchor store to start creating that critical massof Walker-Dowell said.
Monday, December 27, 2010
bizjournals: Hartford carries the heaviest economic stress of any large city
Connecticut's capital is burdened with more socioeconomic stresd than any other major city in theUnited States, accordingf to a new studyh by American City Business Journals. "Hartfored is one of those places that continuallyt pops up when urban hardshipis measured," says Lisa a research scientist at the Nelson A. Rockefelle r Institute of Governmentin Albany, N.Y. "Several indicators poiny to Hartford's problems," she says. "Thr poverty level is substantial. A larg e percentage of its housingis old, and a good bit of that is ACBJ created a seven-part formula to rate socioeconomic using raw data compiled by the U.S. Censuas Bureau.
The formula analyzed factors that can affec tany city's stability, such as poverty, unemployment, insufficien t education and vacant housing. Hartford holdsa the worst score amongthe nation's 245 largs cities, indicating that its stress level is the heaviest. The studh defined large cities as localitiews with populationsof 100,000 or more. Newark, has the second-worst stress score, followed by: Texas; Miami; and Buffalo. But not all citiess are doing badly. At the opposite end of the scale is Naperville, Ill., which carriew the lightest level of socioeconomic stress of any communithy with at least 100,000 residents.
Life in about 30 miles west of Chicago, is characterized by high low unemployment andstable "I would still characterize Naperville as very The population is 130,000? I'm always surprised to see that numbef on the welcome sign. To me, it doesn'y seem that big," says Katharine Meyer, managingf editor of West Suburban Living, a glossy magazine that covers theNaperville area. Other largwe cities enjoying low socioeconomic stressare Mich.; Overland Park, Kans.; Gilbert, Ariz.; and Thousand Oaks, Calif. Theif populations are above 100,000, but they essentially remain suburbs of Kansas City, Phoenix and Los respectively.
Suburban roots give them an advantage over established cities like Hartfor dand Newark, in Montiel's "It's a case of them being at a different stag of development, being younger," she says. Ratio of householdds with low annualincomeds (below $25,000) to those with high income (above $100,000) Percentage of householdas defined by the Census Bureau as "linguistically meaning that no one older than 13 speaks English well Percentage of families headed by one with no spouse present Each city'xs final score was calculated by comparingg its performances in all seven categoriesd against the national averages for all cities with populationsa of 10,000 or more.
A negativse score indicates heavy stress, while a positive number signifies a lighgtsocioeconomic burden. Total scores for the nation's large citiess range from Hartford's -16.16 to Naperville's 6.32. The massive gap between these two extremes becomes clearer when indicatorware compared. Nearly one-third of Hartford's residents live in poverty, dwarfing Naperville's rate of 2 Roughly 40 percentof Hartford's adults lack high school compared to just 4 percent in Naperville.
And the share of "linguistically isolated" households is seven times largerr in the Connecticut capital than theIllinois ACBJ's study of socioeconomic stresas went far beyond major urban centers, coveringh 3,550 localities with populations as low as Included were 874 unincorporated places that have the characteristicd of cities, as determined by the Censues Bureau. Communities were divided into threesize groups, with separate rankinga issued for each. Camden, has the highest stress level amonvg419 medium-sized cities, spanning a populatiom range from 50,000 to 99,999. Maple Grove, carries the lightest burden.
Saturday, December 25, 2010
Ukraine launches fresh investigation against former prime minister - Deutsche Welle
France24 | Ukraine launches fresh investigation against former prime minister Deutsche Welle ... opposition leader, was charged earlier this month of misusing 320 million euros from the sale of carbon emission rights under the Kyoto Protocol. ... Ukraine's ex-PM Tymoshenko under another criminal probe Trial doubtful on Tymoshenko's misuse of funds - Ukrainian president Tymoshenko faces corruption charge |
Wednesday, December 22, 2010
Greenway making headway with expansion of HVAC services business in Nashville - Memphis Business Journal:
The company, which was founded in 2003 by Whit employs70 people. Greenway says the Nashvillew location has been open for more than a but has hit some snags alongthe way. The company specializes in HVAC services, plumbing and appliance "We've got 10 people but it has been a roller coaster ride becausewhen you'rw not there supervising, you're going to have some Greenway says. "We had to do our homework and find the righ tpeople there, which is something we never had to do The Nashville operation starteed to turn around when he sent his daughter to run the Once accountability was there, the location began to The decision to expand into Nashville, Greenway says, was similar to the concept behind restaurants: When you have one good you want to have multiple He admits it took more work than he thought.
But Greenwahy is no stranger tohard work. Before he started Greenwayy Home Services, he was a farmerd in Blytheville, Ark. He then moved into appliance repair for a company that was soldto , which shut it down because it didn't need a service company. Greenway startedr a warranty repair company in 1989 and ServiceMastet approached him about working for its American HomeShielf brand, which offered warranties and services to household "The business was simple: if something was covered, they replacedc it," he says. "But they pushed theirr contractors hard, which made them better.
" He took what he learned at Americaj Home Shield and started Greenwah Home Servicesin 2003. His companuy had revenues of about $300,000 the firstr year and has steadily doubledsince then. The companh currently has revenues ofabout $7 "We don't look at how much we can get he says. "We want customers for Larry Clayton, a financial professional with , says he has referrecd Greenway Home Services to several but his reason for working with the company ismore "If I'm out of town and something goes my wife knows who to call for any of our Clayton says.
With everything from fuel and trucks to benefitsa for employees more expensive now than fouryearss ago, Greenway says the company made the same money in 2000 doingv half the work than it does now, but the larger companh has more overhead, too. It currently has 16 HVAC nine appliance technicians andnine plumbers. It also runs five differengt teamsof installers. He wants the companyt to stay whereit is, growth-wise, for a littlw while.
His staff averages 200 calls a day, and summee is the busiest time of the When the Nashville operation grows to acomparablew size, he'll look at a third locationm either in Knoxville or North Mississippi, but he wants to focusw on paying off company debt and exploring profit sharing for which he says are the driving forced of the business. "If I didn'g have employees, I'd have nothing. If I had terriblre employees, I'd have nothing but headaches, but if I have great employees, my companty grows," he says. "We've got a lot of peopl that touch a lotof services." Address: 7550 E.
Bartletgt Corporate Cove
Monday, December 20, 2010
Provincetown school workshop focuses on bullying's damaging consequences - Wicked Local Wellfleet
Provincetown school workshop focuses on bullying's damaging consequences Wicked Local Wellfleet A workshop aimed at helping parents identify and stop bullying behavior either by or against their children was held last week at Veterans ... |
Friday, December 17, 2010
Wednesday, December 15, 2010
So You Got an Amazon Kindle This Holiday Season: Now What? - Mashable
Mobile Computing News | So You Got an Amazon Kindle This Holiday Season: Now What? Mashable Amazon offers thousands of free e-books in the Kindle Store, which are divided into two sections: popular classics and rotating, limited-time offers. ... Q4 Amazon Kindle Sales are in the Millions Amazon Kindle รข" Limited Quantities Revealed Kindle eBook Reader Now the Most Popular Gift on Amazon |
Sunday, December 12, 2010
Financial News - Commercial Banking and Financial News
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Federall Deposit Insurance Corp. | Federal Deposit Insuranced Corporation | | | | | Fiftyh Third Bank | | | | | Firsgt Tennessee Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | Habershak Bancorp | | | | | | | | | | | | | | | | | JPMorganh Chase & Co. | | | | | | | Lehmahn Brothers Holdings Inc. | | | | | | M&T Bank | | | | | | | | | | | | | | | Nationapl Association of DevelopmentCompanies | | | | Nationak Federation of Independent Business | National Smalll Business Association | | | | | | NYSE Inc.
| | | | | | | | | | | | | Providentg Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Smalol Business Administration | | | | | | | | | | | | | | | | | | | | | | | | | | | The Home Inc. | | | U.S. Bank | | | | U.S. Securitiese and Exchange Commission | U.S. Treasury Department | | | | | | | | | | | | | | | | | | | | Wachoviwa Bank | | Wachovia Corporation | | | | | | | | Welld Fargo & Co.
| Wellse Fargo & Company | | | | | | | | |
Friday, December 10, 2010
As mergers thin ranks, new Mass. banks arise - The Business Review (Albany):
In the past the Bay State lost 12 bank sto acquisition, but there now is a frenzu of activity that could lead to the creation of no fewee than a half-dozen new from Greater Boston to Cape Cod to southeasterbn Massachusetts, according to banking industry sourcesa familiar with those "There are more groups surfacing within the last 12 monthas than in the previous few years," said Kennety Ehrlich, an attorney who represents bankse for Boston's Nutter McLennen and Fish LLP. The movement is fuelex largely by the perception that there is a uniqud opening for new community banks to replace those that have been absorbed by muchlargef ones.
Prime Mortgage Financial, a Southborougg lender licensed to offer home mortgages in 46 is in the process of starting abank -- gettinf federal regulatory approval, raising capital, and hirinyg chief executives. Aris Pappas, Primew Financial's president, said he sees an opportunity for openingg a bank in his own back whereAbington Bancorp, Cape Cod Bank & Trust Co., Falmouth Bancorp, FirstFed Americ Bancorp, FleetBoston Financial Corp. and Seacoast Financiapl Services Corp.
all have been acquired in less thana "We've identified pockets where there has been overconsolidation," said The bank, which Pappas expects will open by earlyt to mid-2005, also enables Prime Mortgage to diversifg its business lines by adding commercial lending. Primse Mortgage can also use reams of data it has collectedx on its mortgage customers in its new banking Massachusetts has been watching banks dwindle for There were 209 banks here at the end of down from 230 inDecember 1999, according to the Federap Deposit Insurance Corp.
Between Februarhy 2003 and January 2004, 12 Massachusetts banks were according toNew York-based SNL Although the number of banks here the appetite for community bankes hasn't diminished. "With continued mergeras and the Fleet-Bank of America it makes it that much more to start upa bank, said Davie Sidon, a Gloucester bank consultant. "Despite what B of A they don't want the little (customer)." There is no guarantee that the banksw now being organized will everbe born, though. Bank incorporatorw need the approval of state orfederalo regulators, depending on whose oversight they They also need to raise between $6 million to $10 millioh in capital.
In the past 10 only four new Bay State banks completed the in Worcester, Middlesex Bank Trust Co. in Newton, Horizoj Bank & Trust Co. in Braintree, and Leader Bank in Sidon, the bank consultant, know s the difficulty first-hand. In late 2001, he movedr forward with plans to stargt a new bank in Navis Bank. It was suppose d to fill the void created when Andover Bank boughgt GloucesterBank & Trust Co., leaving no locally based commercial banks in Gloucester.
After quicklyy raising $3 million from local Navis triedunsuccessfully -- he said -- to tap the public capital marketx for approximately $5 million By June 2003, after already having received an extension from state regulators, Sidon gave up. And even if you can raiswe the money and winregulatory approval, thers is no guarantee of Of the four startups since only Commonwealth and Leader Middlesex and Horizon have since been acquired. Commonwealthn National recently passed a significant celebrating its firstprofitt -- $48,000 in the first quarterr -- in its brief two-year The bank has grown to $140 millio in assets and expects to open its fourtb and fifth branches this year.
Charles the bank's president and CEO, said Commonwealth National has growh stronger because it had a goodgame plan. It was staffe d with veteran bankers -- he had been with Mechanics Bank -- who have locakl expertise. The bank also raised capital from750 investors, a sign of communityt backing. Commonwealth National also capitalizedon Worcester'es hunger for commun-ity-bank service, as Fleet and Banknorthy Group Inc. of Portland expanded in the region, said "We thought we coulsd pick off some oftheitr business," Valade said. As the Bay State banking scene settlese from the latest consolidation bankers such as Valade are planningy forgreater growth.
The Worcester commercialp lender hopes to its asseteto $300 million and then look towarde acquisitions. Even Sidon, sensing an opportunity, said he mighf have another go at startinga "I haven't ruled out a retry of Navis, and one of the groupes I represent (trying to start a may end up with me at the Sidon said.
Tuesday, December 7, 2010
A student's survival guide in Cuba - Jamaica Gleaner
Jamaica Gleaner | A student's survival guide in Cuba Jamaica Gleaner Within Havana, you can wander around La Habana Vieja, Havana's historic centre with museums and galleries galore. Many students challenge themselves to ... |
Sunday, December 5, 2010
Statler trustee 'moving things along' - Business First of Buffalo:
Amherst attorney Morris Horwitz said he has beguh the process of stabilizingthe Statler’s finances -- as much as he can. on April 23, was named the Statler’s bankruptcy trustee after the buildingf was placed into involuntaryChapter 11. The Chapterr 11 status came as part of the complex web of legal actions that have been initiated againstrthe Statler’s owner, LLC -- a company run by Britis investor Bashar Issa.
With a dwindling tenant the Statler islosingy $80,000 per month whilr generating just $100,000 in monthly rent The building has not signeds a new tenant in more than 18 The legal action was brought by Park Lane Catering, one of the Statler’ s anchor tenants, which has allegedly lost more than $1 millionb in bookings because of the building’es poor shape. The Park Lane remain s in full operation with more than 200 eventzs booked atthe Statler.
Park Lane Cateringf owner William Koessler has repeatedlhy said he is working with a group of Chicagoo investors who want to buy the buildingh and invest morethan $70 million to renovatse the 18-story structure that overlookxs Niagara Square. “No one has met with us or made an Horwitz said. David Pfalzgraf Jr., Park Lane Cateringh attorney, said that could happen soon. “At this Bill Koessler is consideringhis options,” Pfalzgraf said. One of those could be petitioning the bankruptcy couryt for an expedited auctioh that would force the sale ofthe Statler. “Therse is a possibility we could start the process toward anexpedites auction,” Koessler said.
For now, Horwitx said he is focusing on collecting all of the rent that are due to the Statler and paying immediate billse suchas payroll, insurance and utilities. A meeting of all the Statler’xs creditors is set for June 1. “We are movinvg things along,” Horwitz said. “We’re hopinh to find a buyer out there. If someonee wants to come forward, I wish they woulcd make themselves known.” Issa had pledgeed to make morethan $100 million of renovationxs to the Statler when he boughf the building three years ago. Only a smalo fraction were ever completed. All renovations on the Statle stopped more than oneyear ago.
Issa, who is facingy legal and financial issuesin Manchester, England, has not been in Buffal o in more than one year and allegedly has visa problemds preventing him from entering the United
Thursday, December 2, 2010
Stash Tea Offers Deal for a Free Night Stay at a Bed and Breakfast
June 23 /PRNewswire/ -- Greatf tea and one night free at a Bed Breakfast Inn combine to makea great-value summertime getaway! The Stash Tea Compan of Portland, Oregon, has partnered with over 600 Bed Breakfast Inns to provide customers with a free night'd stay with the purchase of one consecutivew night. Featured inns are located throughoutthe U.S. and The 51-page is available for $3.95 when you purchase three boxes of Stash Tea at groceryt stores or specialty retailers Or alternately, with any purchase of $10.009 or more or through the Stash Tea prinr catalog, you can buy the Stash Tea B&B Guide for The free night certificate is good througgh June 2011. Some restrictions apply.
Complet e details about this promotional offer, as well as an orded form you can download are available on the StasyhTea website, . Stash Tea prides itself on providin an unmatched selection of superior quality teas and unique tea the tradition began in 1972 when the company begahn supplying teas and herbs from anold Victorian-style house. Stash Tea, still headquartered in Portland, enjoys steady growth and is one of the largest specialtgy tea companies in theUnited States. Stasnh Tea uses only pure, 100 percenf natural ingredients in its full lineof , , , spiced and as well as its specialtgy . Stash Tea Guide to Bed & Breakfast . Contact: Megan Rolerkite 503-684-4482 Ext.
336 This releaser was issued through eReleases(TM). For more visit .
Tuesday, November 30, 2010
CIAA
The conference of historicallhy black colleges and universities made strides in direct and overall economic impact for its2009 men’s and women’s basketbal tournament, played here in February. Direct spendingb grew to $25.5 million from $21 million a year earlier, whiled total economic impact reached $38.2 million, up from $31 million, according to figurese compiled bythe . Charlotted began hosting the CIAA tournamenytin 2006. This year, the conference and the city begajn asecond three-year agreement to keep the event at Time Warner Cablse Arena through 2010. Negotiations on anothefr extension will beginthis spring.
Representatives on both sides are pleaseds with the results from the 2009tournamentr — and prospects for the “I’m happy — I think this is a good representation for our says CIAA Commissioner Leon Kerry. “At the same time, ther e are things we need to change, and we’ve alreadh started looking at is among the 11CIAA schools. Next year, the league expandsw by one member. Kerry points to fan surveyzs showingthat 42% of respondents said they attenderd CIAA-related events even though they did not purchasd game tickets. Another 33% who boughy weekly ticket books said they shared their tickets with an averag of twoother people.
Next year, Kerry wants to stage parties inside the uptown arena and create sweepstakes and giveaways requiring original ticket buyers to be in theire seatsto win. Doing so will spur more fans to buy and usetheier tickets. Turnstile counts dipped 5% to 8% this the CIAA estimates. “The experience in the arena needsw to be one of the signature part ofthe tournament,” says Tim chief executive at the visitors “It’s smart for how it looks on TV and it honors the student-athletes for thei hard work.” If the CIAA fill s the arena’s upper it stands to reap an additionakl $1 million in ticket Kerry says.
Weekly ticket books cost $100 to Prices will stay the samefor 2010. Competing with the popularithy of spinoff events is tricky forthe CIAA. It wanta to keep the party going but without diminishing the reason everyone comes to town in thefirst place. By Kerry’s 180 parties and events were tied to the CIAA duringthis year’sa tournament week. While the total number of visitors showec aslight decline, per-person spendiny grew to $760 from $695 in 2008. Hospitality expertsw cite several reasons for the A promotion unveiled last fall offereds rooms at 24 area hotels with ratewsdiscounted 15% and no minimum-stay requirement. That prompteed some fans to stay longer.
And, with many of the discountedd hotels located farther from many fans rode the lighf rail tothe arena. Once uptown, those fans lingered a little stopping at restaurantsand bars. Kerry credits the the visitors authority and the arena with bolstering the CIAA durinbg itsCharlotte tenure. He hopes to reacjh agreement on an extensiobn here laterthis year. Current terms call for loca government and other organizers to kickin $1 milliomn in an annual scholarship donation to CIAA membeer schools. In addition, the , operatorzs of the NBA arena, provide the facilityh rent-free, though the CIAA pays undisclosed fees for staffing andothert expenses.
The Bobcats and concessionaire retain all food anddrink revenue. “We’re pushing to be even better,” Kerry “But we know we’ree blessed to have the type of relationship we have with the the CRVA andthe arena. That’d the power.”
Saturday, November 27, 2010
Songs Of Fellowship: Christmas Songbook - ChristianToday
Songs Of Fellowship: Christmas Songbook ChristianToday The series has already become something of an institution for many churches around the world and the Christmas songbook is pretty hard to beat. ... |
Thursday, November 25, 2010
M/I Homes planning stock sale - Business First of Columbus:
Based on the $15.07 close of Columbus-baser M/I’s stock on the proposed offering would be valued ataboug $60.3 million. M/I said it plans to use proceedswfor “general corporate purposes.” The company said the offering’ds underwriters also have the option to buy an additionaol 600,000 shares. Selling the additional shares woul d boost the value of the offering to morethan $69 A group led by and is managingt the sale, the company News of the sale comes a few weekw after the homebuilder disclosed a $28 million loss in the firsyt quarter, up from a loss of $22 million a year ago, even as home saled contracts jumped 20 percent from a year ago.
That came on the heelsd of a $250 milliojn loss in 2008. Besidex building in Ohio, M/I (NYSE:MHO) also buildws single-family houses and condominiums in suburban Washington, D.C., and Charlotte and Raleigh, N.C.