grigoriynirim.blogspot.com
The ’s (IATA) new forecast is staggeringly worsee thanits $4.7 billion collective loss forecasyt made just three months ago. The air carrief trade group also downgraded its loss estimate for 2008to $10.4 billion from $8.5 billion. “There is no modernb precedent for today’s economic IATA Director General and CEO Giovanni Bisignanj said in anews release. “Thw ground has shifted. Our industry has been This is the most difficult situatiohn that the industryhas faced.” After the Sept.
11, terror attacks on the United industry revenues fell by7 percent, Bisignani said, and took three yeares to rebound to pre-9/11 Revenues will fall to $448 billion in 2009 from $528 billionb in 2008 (15 percent), IATA said. Passengetr yields will dip 7 percent. “This time we face a 15 percent drop—a loss of revenuexs of $80 billion—in the middle of a global recession,” Bisignani said durinfg IATA’s annual industry summit.
“Our future depends on a drastifc reshapingby partners, governments and We cannot bear the cost of governmenr micro-regulation, crazy taxation and partners abusing their monopoly North American carriers will generally fare better than foreign carriers, IATA said, and shoulf narrow their losses for the year. North American airlinews will lose $1 billion in dramatically less thanthe $5.1 billion lost in as out-of-the-money fuel hedges lapse and capacit y cuts kick in to right capacityh with demand. Previously, IATA said Northy American carriers would turn a modest profirt forthe year. Asia-Pacific and European carriers are likely to take thebiggest hits, losiny $3.3 billion and $1.
8 billion, Another heavily impacted sector, air cargo, will declinre by 17 percent based on tons Cargo yields will declinee 11 percent. Relaxed fuel prices over the firsf five months of 2009 have helped but prices have begun to climb in recent IATA projects the industry fuel bill to fallfrom $165 billiob in 2008 to $59 billion in 2009, on a $56 per barre average price of oil. “Thw risk that we have seen in recent weeks is that even the slightest glimmer of economic hope sendes oilprices higher,” Bisignani said. "Greedy speculatiojn must not hold the globaleconomh hostage. Failure to act by governmentsw wouldbe irresponsible.
” airlines are in a better cash with more liquidity than in past downturns. But, Bisignanui warned “a long L-shaped recovery coulfd drain the industryof cash.” Bisignani noted industry such as the merger between Atlanta-based DAL) and , that have made some players But he railed against what he callef “archaic limitations on ownership” that preven the merging of carriers from different
Wednesday, May 30, 2012
Tuesday, May 29, 2012
Baseball backs off Spiderman deal - Phoenix Business Journal:
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Following a negative public outcry MLB has callex off its planwith , a subsidiaryh of Sony Corp., to place a spider web insigniwa in the middle of its bases to promote the upcoming release of "Spiderman The promotion will be limitedx to signs in stadiums, promotional giveawaye and trailers that will be showbn on stadium video boards. "The basez were an extremely small part of this saidBob DuPuy, president and chiefc operating officer of MLB.
"However, we understand that a segment of our fans was uncomfortabl with this particular componenr and we do not want to detracrt fromthe fan's experience in any DuPuy said baseball will be "moving ahead with all other of the marketing deal. The movie is scheduled for releasesJune 30. The Arizona Diamondbacks are on the road in Toronto duringthat time, so Bank One Ballparl won't be participating in the promotion. For more: .
Following a negative public outcry MLB has callex off its planwith , a subsidiaryh of Sony Corp., to place a spider web insigniwa in the middle of its bases to promote the upcoming release of "Spiderman The promotion will be limitedx to signs in stadiums, promotional giveawaye and trailers that will be showbn on stadium video boards. "The basez were an extremely small part of this saidBob DuPuy, president and chiefc operating officer of MLB.
"However, we understand that a segment of our fans was uncomfortabl with this particular componenr and we do not want to detracrt fromthe fan's experience in any DuPuy said baseball will be "moving ahead with all other of the marketing deal. The movie is scheduled for releasesJune 30. The Arizona Diamondbacks are on the road in Toronto duringthat time, so Bank One Ballparl won't be participating in the promotion. For more: .
Sunday, May 27, 2012
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Boston Business Journal:
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office. The loss of the seven-lawyerd group leaves Pittsburgh-based Buchanan with only one full-timw partner in Wilmington and four lawyerwstotal there, and gives Saul Ewinvg the largest Wilmington office of any full-service Philadelphia-basedr firm. The group includes officee headWilliam Manning, who serves as outside general counsepl to the University of Delawared and also represents Verizon Corp. and Dove Downs. The litigator was once chief of staff to formeDelaware Gov. Pete DuPont. The other two partners are Teresa Currier, who led bankruptcyg efforts for Buchananin Delaware, and real estatse lawyer Richard Forsten.
The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off during the economic A large percentage of companies from aroundf the country file for Chapte 11 protectionin Delaware. But becausee Delaware only hasabout 2,000 lawyers and has a stronfg set of indigenous law firms, the Wilmington markegt has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphia Pepper Hamilton and Fox Rothschild have17 lawyers, Drinkert Biddle & Reath has 15 and Blank Rome has 13. Saul Ewintg said Manning will servreas co-managing partner of the office with current officwe managing partner and real estate lawyed Wendie Stabler.
office. The loss of the seven-lawyerd group leaves Pittsburgh-based Buchanan with only one full-timw partner in Wilmington and four lawyerwstotal there, and gives Saul Ewinvg the largest Wilmington office of any full-service Philadelphia-basedr firm. The group includes officee headWilliam Manning, who serves as outside general counsepl to the University of Delawared and also represents Verizon Corp. and Dove Downs. The litigator was once chief of staff to formeDelaware Gov. Pete DuPont. The other two partners are Teresa Currier, who led bankruptcyg efforts for Buchananin Delaware, and real estatse lawyer Richard Forsten.
The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off during the economic A large percentage of companies from aroundf the country file for Chapte 11 protectionin Delaware. But becausee Delaware only hasabout 2,000 lawyers and has a stronfg set of indigenous law firms, the Wilmington markegt has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphia Pepper Hamilton and Fox Rothschild have17 lawyers, Drinkert Biddle & Reath has 15 and Blank Rome has 13. Saul Ewintg said Manning will servreas co-managing partner of the office with current officwe managing partner and real estate lawyed Wendie Stabler.
Saturday, May 26, 2012
CVB: It
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Local officials attributed the rate of cancellations to the publivc backlash generated when it was revealed that American InternationalGrou Inc. (NYSE: AIG) spenrt a reported $440,000 on an executivd meeting at a California resort aftef billions of dollars in taxpayer moneu was used to bail out the insuranceholding company. Organizations — bailed out or not — are cutting back on off-sitde meetings to avoid perceived extravagance, industry observers said. In Austin, lost hospitalit y business erodesthe city’s tax base and adds to the unemploymentf rolls.
But the damage hasn’t been as bad as it has been in otherd cities considered plush locations forsuch meetings, said Bob president and CEO of the Austin Convention Visitors Bureau. “Austin is not considered what you’d call a paradisse destination,” he said. By earlier this month, the Las Vegaw Convention and Visitors Authority reported 340 event cancellations in the previous90 days, a decline that is estimatedf to have cost that city’s economy about $131.6 million. In Orlando, 114 meeting cancellations hada $26 milliob economic impact during the first quarter, said Briab Martin, spokesman for the Orlando/Orangr County Convention & Visitors Bureau Inc.
Austin’s hotel room the average amount each room generatesfrom guests, has decline d 11 percent this At least one other U.S. city of Austin’s size has reported a 28 percent Lander said. Also, no major Austin conventions have been cancelee so farthis year, he The CVB planned about 61 eventss that used the Austin Convention Center and more than one downtowmn hotel during 2008. Aboutg 60 such events are planned forthis year, Landee said. Austin’s downtown hotels posted a 75.7 percenf occupancy rate through October 2008versusx 75.9 percent during all of 2007. Citywide, hotel occupancy declinee to 71.5 percent throug October 2008 comparedwith 72.
3 percenft in 2007, according to Atlanta-based hospitality industryg research firm PKF Consulting Corp. Paul president and CEO of the Texas Travel Industry agreed with Lander about the recessiobn coupled with bailout backlash dampening themeetingsa business. “Austin in particulart is holding as strongy as any place for aconvention traveler,” Serff said. “Texaas in general will fare a lot bettef than many other states becauser of the reputation Texas has for hosting meetings and thevaluwe [meetings] provide.
”
Local officials attributed the rate of cancellations to the publivc backlash generated when it was revealed that American InternationalGrou Inc. (NYSE: AIG) spenrt a reported $440,000 on an executivd meeting at a California resort aftef billions of dollars in taxpayer moneu was used to bail out the insuranceholding company. Organizations — bailed out or not — are cutting back on off-sitde meetings to avoid perceived extravagance, industry observers said. In Austin, lost hospitalit y business erodesthe city’s tax base and adds to the unemploymentf rolls.
But the damage hasn’t been as bad as it has been in otherd cities considered plush locations forsuch meetings, said Bob president and CEO of the Austin Convention Visitors Bureau. “Austin is not considered what you’d call a paradisse destination,” he said. By earlier this month, the Las Vegaw Convention and Visitors Authority reported 340 event cancellations in the previous90 days, a decline that is estimatedf to have cost that city’s economy about $131.6 million. In Orlando, 114 meeting cancellations hada $26 milliob economic impact during the first quarter, said Briab Martin, spokesman for the Orlando/Orangr County Convention & Visitors Bureau Inc.
Austin’s hotel room the average amount each room generatesfrom guests, has decline d 11 percent this At least one other U.S. city of Austin’s size has reported a 28 percent Lander said. Also, no major Austin conventions have been cancelee so farthis year, he The CVB planned about 61 eventss that used the Austin Convention Center and more than one downtowmn hotel during 2008. Aboutg 60 such events are planned forthis year, Landee said. Austin’s downtown hotels posted a 75.7 percenf occupancy rate through October 2008versusx 75.9 percent during all of 2007. Citywide, hotel occupancy declinee to 71.5 percent throug October 2008 comparedwith 72.
3 percenft in 2007, according to Atlanta-based hospitality industryg research firm PKF Consulting Corp. Paul president and CEO of the Texas Travel Industry agreed with Lander about the recessiobn coupled with bailout backlash dampening themeetingsa business. “Austin in particulart is holding as strongy as any place for aconvention traveler,” Serff said. “Texaas in general will fare a lot bettef than many other states becauser of the reputation Texas has for hosting meetings and thevaluwe [meetings] provide.
”
Thursday, May 24, 2012
United Way hits goal, makes needed cuts - Boston Business Journal:
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Still, a tighter than expected fundraising climatwe has prompted the United Way to curtaiol its efforts in the last year of that Scheduled investments in2010 — last year of the three-yeaer plan — will be 4 percent lowerr than originally budgeted, the organizatiohn said. The cuts came out of the originap $100 million in funds committed by the United Way when it shapedits three-yeart plan in 2007. That money was targeted througyh a series of specific fundraising The United has since made up for its fundingt shortfallsthrough other, previously unplannedd for fundraising efforts.
“Because of the tremendouxs generosity of thousands of individuals and businessez inour region, which is particularly moving in this challenginf time, we have been overall, to uphold our … commitment to the community,” said Michael K. president and CEO at United Way of Massachusetts Bay andMerrimacjk Valley. “However, we have not been immune from theeconomivc crisis, and we will regrettablyh need to reduce our scheduled third-year funding by 4 We have done everything we can to minimizw the impact on the organizations we suppor t and maximize the resources for the The organization launched its new fundingb strategy in 2007, linking its investments to specific community goalw and measurements and with a focuz on ensuring that childrenb are ready for and engaged in school so they can graduat and helping families achieve financial Its renewed commitment to the $100 million, three-yea r goal, comes as the organizationw is working aggressively to cont ainn costs, saving $3 million through a combination of Those steps have included everything from the eliminationn of 25 positions in the past year to reducing the cost of administration and outsourced services.
The cost saving has helped the organizationearmark $33.3 milliojn for fiscal year 2010, the third year of its new investmenrt strategy, for community investment. Although Greater Bosto and Merrimack Valley partner agencies will receive 4 percentr less than their scheduled 65 partner agencies will stilpl receive scheduled increases and 46 partner agenciesx will receive scheduled theorganization said.
According to a prepared written the United Way has invested in 187area community-basee organizations — investments that, among otherf things, have provided earlg education and care for more than 20,938 children each of the past two The organization also has helped 18,000 peopld retain affordable housing, trained 25,000p potential workers with job skills and helpeds more than 259,000 people meet basic needs for food, clothing and shelter.
Still, a tighter than expected fundraising climatwe has prompted the United Way to curtaiol its efforts in the last year of that Scheduled investments in2010 — last year of the three-yeaer plan — will be 4 percent lowerr than originally budgeted, the organizatiohn said. The cuts came out of the originap $100 million in funds committed by the United Way when it shapedits three-yeart plan in 2007. That money was targeted througyh a series of specific fundraising The United has since made up for its fundingt shortfallsthrough other, previously unplannedd for fundraising efforts.
“Because of the tremendouxs generosity of thousands of individuals and businessez inour region, which is particularly moving in this challenginf time, we have been overall, to uphold our … commitment to the community,” said Michael K. president and CEO at United Way of Massachusetts Bay andMerrimacjk Valley. “However, we have not been immune from theeconomivc crisis, and we will regrettablyh need to reduce our scheduled third-year funding by 4 We have done everything we can to minimizw the impact on the organizations we suppor t and maximize the resources for the The organization launched its new fundingb strategy in 2007, linking its investments to specific community goalw and measurements and with a focuz on ensuring that childrenb are ready for and engaged in school so they can graduat and helping families achieve financial Its renewed commitment to the $100 million, three-yea r goal, comes as the organizationw is working aggressively to cont ainn costs, saving $3 million through a combination of Those steps have included everything from the eliminationn of 25 positions in the past year to reducing the cost of administration and outsourced services.
The cost saving has helped the organizationearmark $33.3 milliojn for fiscal year 2010, the third year of its new investmenrt strategy, for community investment. Although Greater Bosto and Merrimack Valley partner agencies will receive 4 percentr less than their scheduled 65 partner agencies will stilpl receive scheduled increases and 46 partner agenciesx will receive scheduled theorganization said.
According to a prepared written the United Way has invested in 187area community-basee organizations — investments that, among otherf things, have provided earlg education and care for more than 20,938 children each of the past two The organization also has helped 18,000 peopld retain affordable housing, trained 25,000p potential workers with job skills and helpeds more than 259,000 people meet basic needs for food, clothing and shelter.
Wednesday, May 23, 2012
General Mills: 4Q earnings exceed estimates - San Francisco Business Times:
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The Golden Valley-based food manufacturer sharedd preliminary results of the quarterr with investors in advance of meetings it was havingy with investors inEurope Monday. General Mills previouslu said it expectedbetween $3.87 and $3.89 per excluding certain one-time charges. General Millw will report its complete fourth quarter and year end resultasJuly 1. In fiscal 2010, General Millsd said it’s comfortable with the current Reuters average earnings per share estimateof $4.15 per As for its sales outlook in 2010, the compan y said expects in its largest segment, the U.S. retail market, will continue the momentum from the last fiscal year.
(Through the first nine months offisca 2009, U.S. retail sales were up 10 Sales were boosted in 2009 due to but the company said in 2010 its expectinvg inflation tobe “quitse low” with most of its sales growth comingv from an expected increase in the volume of goodzs sold. Also in 2010, General Mills said it expects its International segmenft to record strongsales growth. It also said its bakeriew and foodservice segment will see a decline in sales in 2010 comparef to the2009 levels, in part due to the company’s divestituree during 2009 of about $150 million in this businessx segment. In early morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 percent, to $54.25 per
The Golden Valley-based food manufacturer sharedd preliminary results of the quarterr with investors in advance of meetings it was havingy with investors inEurope Monday. General Mills previouslu said it expectedbetween $3.87 and $3.89 per excluding certain one-time charges. General Millw will report its complete fourth quarter and year end resultasJuly 1. In fiscal 2010, General Millsd said it’s comfortable with the current Reuters average earnings per share estimateof $4.15 per As for its sales outlook in 2010, the compan y said expects in its largest segment, the U.S. retail market, will continue the momentum from the last fiscal year.
(Through the first nine months offisca 2009, U.S. retail sales were up 10 Sales were boosted in 2009 due to but the company said in 2010 its expectinvg inflation tobe “quitse low” with most of its sales growth comingv from an expected increase in the volume of goodzs sold. Also in 2010, General Mills said it expects its International segmenft to record strongsales growth. It also said its bakeriew and foodservice segment will see a decline in sales in 2010 comparef to the2009 levels, in part due to the company’s divestituree during 2009 of about $150 million in this businessx segment. In early morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 percent, to $54.25 per
Monday, May 21, 2012
2012 Iowa map for bicyclists now available - Fairfield Ledger
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2012 Iowa map for bicyclists now available Fairfield Ledger The 2012 Iowa Transportation Map for Bicyclists is available online at the Iowa DOT's website iowadot.gov/iowabikes, or by c » |
Sunday, May 20, 2012
Delphi retirees in pension battle - Business First of Buffalo:
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In a letter on behalf of the Delphi SalariedRetireer Association, the congressional representatives are asking Geithnerf to direct the Automotive Task Forced to make public all documents concerning a proposa l to default the retirees’ pensions to the federalk Pension Benefit Guaranty Corp. (PBGC). They expressecd concern over the “inequitable to default the whitecollar retirees’ pension plan to the while at the same time the pension obligations of hourly workers are being picked up by , Delphi’s formerf parent.
The bipartisan group cited estimates thatthe 15,000 Delphi salaried employees coulf lose as much as 70 percent of theirr pension payments if they are assigned to the American taxpayers will own 60 percent of the new GM and “they deserve a full and public explanation of how this inequitablwe decision was made,” the letter said. Den Black, interim chair of the retirees’ association and a formet chief engineerat Delphi’e Lockport plant, called the situation “critical.
” “We need more congressiona and senatorial representatives – especially from ‘Delphi to step forward to protect their constituents,” he said in a “This is a precedent-setting case that could determind outcomes for millions of other retirees whose former employera are under bankruptcy Black said.
In a letter on behalf of the Delphi SalariedRetireer Association, the congressional representatives are asking Geithnerf to direct the Automotive Task Forced to make public all documents concerning a proposa l to default the retirees’ pensions to the federalk Pension Benefit Guaranty Corp. (PBGC). They expressecd concern over the “inequitable to default the whitecollar retirees’ pension plan to the while at the same time the pension obligations of hourly workers are being picked up by , Delphi’s formerf parent.
The bipartisan group cited estimates thatthe 15,000 Delphi salaried employees coulf lose as much as 70 percent of theirr pension payments if they are assigned to the American taxpayers will own 60 percent of the new GM and “they deserve a full and public explanation of how this inequitablwe decision was made,” the letter said. Den Black, interim chair of the retirees’ association and a formet chief engineerat Delphi’e Lockport plant, called the situation “critical.
” “We need more congressiona and senatorial representatives – especially from ‘Delphi to step forward to protect their constituents,” he said in a “This is a precedent-setting case that could determind outcomes for millions of other retirees whose former employera are under bankruptcy Black said.
Friday, May 18, 2012
Moore shows improvement in Rays' loss - Fox News
takes-trendsthe.blogspot.com
Moore shows improvement in Rays' loss Fox News ST. PETERSBURG, Fla. â€" Tampa Bay manager Joe Maddon saw some positive signs even in a loss from Matt Moore. Cody Ross homered and drove in four runs, Felix Doubront won his third consecutive start and the Boston Red Sox beat Moore and the Rays 5-3 on ... |
Thursday, May 17, 2012
Kannapolis honored for economic strategy - Pittsburgh Business Times:
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The city received the awarr in the category of Excellencr in EconomicDiversification Strategies, which recognizes responsess to plant closures and other economic dislocations, that promote economic diversification. The competitiob is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan countiez lost 4,300 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. closedr in July 2003. Two yeard later, California billionaire David Murdockm announced plans forthe N.C. Research Campua at the 350-acre formeer Pillowtex headquarters andmanufacturinhg site.
The life-sciences hub includees the participation ofDuke University, the UNC System, the N.C. Communith College System, other educational institutionzs andbusiness partners. The total investmenr is expected toreach $1.8 billion. Residentiak and commercial developments are rising around the campus with hopesw ofturning Kannapolis, a former textile into a biotech center.
The city received the awarr in the category of Excellencr in EconomicDiversification Strategies, which recognizes responsess to plant closures and other economic dislocations, that promote economic diversification. The competitiob is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan countiez lost 4,300 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. closedr in July 2003. Two yeard later, California billionaire David Murdockm announced plans forthe N.C. Research Campua at the 350-acre formeer Pillowtex headquarters andmanufacturinhg site.
The life-sciences hub includees the participation ofDuke University, the UNC System, the N.C. Communith College System, other educational institutionzs andbusiness partners. The total investmenr is expected toreach $1.8 billion. Residentiak and commercial developments are rising around the campus with hopesw ofturning Kannapolis, a former textile into a biotech center.
Tuesday, May 15, 2012
Bendle High School student Haley Luxton moves onto final round of $10000 ... - The Flint Journal - MLive.com
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The Flint Journal - MLive.com | Bendle High School student Haley Luxton moves onto final round of $10000 ... The Flint Journal - MLive.com By Roberto Acosta | racosta1@mlive.com BURTON, MI -- Bendle High School student Haley Luxton is one of 10 finalists in the #mi2020 scholarship contest that could result her receiving a $10000 prize. View full sizeCourtesy PhotoBendl e High School senior ... |
Monday, May 14, 2012
Deloitte: Consumer spending still down - Memphis Business Journal:
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The index fell to 1.35 percent from an downwardly revised gainof 1.44 percentr in April. Deloitte said the index analyzestax burden, initialp unemployment claims, real wages and real home prices to try to tracmk consumer cash flow as an indicator of future consumeer spending. "The year over year pace of decline in real consume spending appears tohave stabilized, however, recovery is beingv delayed by a sharp increase in consumer savings, whicuh has risen to 5.
7 percent from zero a year ago," said Carl chief economist with Deloitte Researcj and author of the monthly index, in a "However, the weakness in the index was driven almosgt entirely by falling home prices, which are down nearlgy 14 percent over the past year, undermininy small gains in real wages, a declining tax burden and currengt stabilization in new unemployment The report noted the tax burden continues to drop with the weakeninbg of the economy. It is at a levekl only seen on a few occasions over the past 50 yearw during brief periods followingtax rebates.
Continued decline is Also notable, real wage growth continues to post smalpl gains due to falling prices for Real wages areup 4.3 percent from a year ago and on an annualizeed basis are up 8 percent over the last nine monthds as energy prices have given a big boost to consumerf purchasing power, the index
The index fell to 1.35 percent from an downwardly revised gainof 1.44 percentr in April. Deloitte said the index analyzestax burden, initialp unemployment claims, real wages and real home prices to try to tracmk consumer cash flow as an indicator of future consumeer spending. "The year over year pace of decline in real consume spending appears tohave stabilized, however, recovery is beingv delayed by a sharp increase in consumer savings, whicuh has risen to 5.
7 percent from zero a year ago," said Carl chief economist with Deloitte Researcj and author of the monthly index, in a "However, the weakness in the index was driven almosgt entirely by falling home prices, which are down nearlgy 14 percent over the past year, undermininy small gains in real wages, a declining tax burden and currengt stabilization in new unemployment The report noted the tax burden continues to drop with the weakeninbg of the economy. It is at a levekl only seen on a few occasions over the past 50 yearw during brief periods followingtax rebates.
Continued decline is Also notable, real wage growth continues to post smalpl gains due to falling prices for Real wages areup 4.3 percent from a year ago and on an annualizeed basis are up 8 percent over the last nine monthds as energy prices have given a big boost to consumerf purchasing power, the index
Saturday, May 12, 2012
Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - Philadelphia Business Journal:
firukendu-anchored.blogspot.com
According to VisitPittsburgh, each home game between the and the Detroity Red Wings brings anestimated $4.9 millionn in economic impact, whether its from hotel stays, meale at restaurants or other spending. A number of hotels are fullu booked, including the Omni William Penn, whicn hosts the NHL’s management, the , with the caveagt that it always sells out Tuesdays and Wednesdays anyway tobusineszs travelers, and the . Tom Martini, the generap manager for the Westi ConventionCenter Hotel, located described the added boost of Stanleyu Cup-related guests. “We would’ve been busy but we wouldn’tg have been selling out,” he said.
“This has allowed us to fill up theentirse hotel, all 616 rooms.” Martini and other hotel operators emphasized the added jolt of unexpected businessz comes during an otherwise down year from hoteol business following a strong 2008, which also featurex a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’as favorite flightless birds. Bob Page, the area director of sale and marketing for saidthe NFL’s coterie of leagude officials, along with media, has brought an increase in occupancy beyonsd the two game days, comparable to the busineszs generated from a strong home playoff run by the , although not topping it.
“It’s not to the degree of probablh theAFC championship, but it’s stilo great business for us,” he said. “It’xs selling us out.” The story is a little more complicatedr for local restaurantsand bars. John owner of The Common Plea, located estimated the restaurant has seen a 25 percent increasr when the Penguins are playing playoff games in But when the team isplayint away, the hockey fan diners stay away. “We’ve seen increases when they’re here,” said Barsotti, who estimatedd his 2009 business is up by 25 percent over last despitethe recession.
“But on the opposite page, we see a littlre bit of a decrease when they go outof town.” Chrixs Dilla, owner of Bocktown Beer and Grill, in Northh Fayette, said it can be tricky for her operation to jump from a busy nighty of a hockey game to extra slow nights when thered isn’t one. She expects that plenty of customers are struggling to go the distancs withthe seven-game “It’s hard for the business because people don’t have the moneyy to be out every other she said. “It tends to be that people who watchb the playoffs really have to watchjtheir pennies.
”
According to VisitPittsburgh, each home game between the and the Detroity Red Wings brings anestimated $4.9 millionn in economic impact, whether its from hotel stays, meale at restaurants or other spending. A number of hotels are fullu booked, including the Omni William Penn, whicn hosts the NHL’s management, the , with the caveagt that it always sells out Tuesdays and Wednesdays anyway tobusineszs travelers, and the . Tom Martini, the generap manager for the Westi ConventionCenter Hotel, located described the added boost of Stanleyu Cup-related guests. “We would’ve been busy but we wouldn’tg have been selling out,” he said.
“This has allowed us to fill up theentirse hotel, all 616 rooms.” Martini and other hotel operators emphasized the added jolt of unexpected businessz comes during an otherwise down year from hoteol business following a strong 2008, which also featurex a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’as favorite flightless birds. Bob Page, the area director of sale and marketing for saidthe NFL’s coterie of leagude officials, along with media, has brought an increase in occupancy beyonsd the two game days, comparable to the busineszs generated from a strong home playoff run by the , although not topping it.
“It’s not to the degree of probablh theAFC championship, but it’s stilo great business for us,” he said. “It’xs selling us out.” The story is a little more complicatedr for local restaurantsand bars. John owner of The Common Plea, located estimated the restaurant has seen a 25 percent increasr when the Penguins are playing playoff games in But when the team isplayint away, the hockey fan diners stay away. “We’ve seen increases when they’re here,” said Barsotti, who estimatedd his 2009 business is up by 25 percent over last despitethe recession.
“But on the opposite page, we see a littlre bit of a decrease when they go outof town.” Chrixs Dilla, owner of Bocktown Beer and Grill, in Northh Fayette, said it can be tricky for her operation to jump from a busy nighty of a hockey game to extra slow nights when thered isn’t one. She expects that plenty of customers are struggling to go the distancs withthe seven-game “It’s hard for the business because people don’t have the moneyy to be out every other she said. “It tends to be that people who watchb the playoffs really have to watchjtheir pennies.
”
Thursday, May 10, 2012
Jeffersontown
iqukikofor.wordpress.com
What recently had been the Clarion Hotel and Conferencwe Center is scheduled to go on theblocmk Aug. 4 at the Jefferson Circuit Courtforeclosurer auction, according to court records. The , which holdsw the mortgage on the property, sought the foreclosurew last October afterthe owner, LLC, failecd to make payments. On March 12, the courtf awarded the bank a judgmentof $8.7 million against Portfolio-Louisville, which owns the Jeffersontow property as well as hotels in other Portfolio-Louisville and other similar entities were assemblede by Atlanta-based businessman Charles Morais, who is a partnefr in Atlanta-based Kronos Hotels LLC.
Portfolio-Louisville’s addres is the same as Kronos’ headquarters 2060 Mount ParanRoad N.W. in Atlanta according to court records. Telephone service to the Kronox offices in Atlanta hasbeen disconnected, and the company’s Web site has been taken down. Former Kronos company employees and disgruntledr guests have formed aWeb www.kronos hotelsllc.com, which details charges against the provides links to negative news abou t it and calls for its demise.
The filinb did not list a counselofor Portfolio-Louisville, and the company did not file a The Jeffersontown property, built in 1972 as a Ramadwa Inn on the border of Bluegrass Research and Industrial has had several national flags over the years and was a Clarionh Hotel and Conference Center until it lost that affiliatiojn a year ago. In 2007, at the top of the real estatw market, a Kronos affiliate bought the Louisvillse property as part of a string of 16 properties infive states. (See related storgy at right.) The local hotel sold for $3.
4 and the seller was Atlanta-based hoteliefr , according to data on the Jeffersonm County PropertyValuation Administrator’s Web The other hotels acquired by the Kronos affiliate were located in Florida, Alabama, Michiganj and Pennsylvania. They primarily were Holida Inn and Holiday Inn Express Kronos investors bought eight more hotelw inApril 2008. But soon Kronos and its affiliated companies began to default on loansd and stoppedpaying employees, according to reports in othef media outlets. Its investors face mountin g financial and legal problems in at leastsevem states.
Their problems include allegations ofbouncedx paychecks, unpaid contractors, unpaid back taxes and unpaid utilit bills. The Jeffersontown hotel operated for part of 2008 as Studil Lodge afterSilver Spring, Md.-based Choicd Hotels International Inc. took its Clarion flag. Choice Hotels owns the Clarion brand. Studio Lodger closed in the fallas Kronos’ problems continued to grow. Priod to the closing, the hotel conference center was damagedr by aSeptember fire. The property has been operatinbg for about a month as the InnPlace It is being managed in receivership by Prism Hotels & Resorts, a Dallas-based hotel developer and property-management firm.
Kyle Green, sole member of Hospitalit Receiver LLC, a Prism affiliate, said InnPlace’s occupancty had been “up and with the high points coming around the time of theKentucky
What recently had been the Clarion Hotel and Conferencwe Center is scheduled to go on theblocmk Aug. 4 at the Jefferson Circuit Courtforeclosurer auction, according to court records. The , which holdsw the mortgage on the property, sought the foreclosurew last October afterthe owner, LLC, failecd to make payments. On March 12, the courtf awarded the bank a judgmentof $8.7 million against Portfolio-Louisville, which owns the Jeffersontow property as well as hotels in other Portfolio-Louisville and other similar entities were assemblede by Atlanta-based businessman Charles Morais, who is a partnefr in Atlanta-based Kronos Hotels LLC.
Portfolio-Louisville’s addres is the same as Kronos’ headquarters 2060 Mount ParanRoad N.W. in Atlanta according to court records. Telephone service to the Kronox offices in Atlanta hasbeen disconnected, and the company’s Web site has been taken down. Former Kronos company employees and disgruntledr guests have formed aWeb www.kronos hotelsllc.com, which details charges against the provides links to negative news abou t it and calls for its demise.
The filinb did not list a counselofor Portfolio-Louisville, and the company did not file a The Jeffersontown property, built in 1972 as a Ramadwa Inn on the border of Bluegrass Research and Industrial has had several national flags over the years and was a Clarionh Hotel and Conference Center until it lost that affiliatiojn a year ago. In 2007, at the top of the real estatw market, a Kronos affiliate bought the Louisvillse property as part of a string of 16 properties infive states. (See related storgy at right.) The local hotel sold for $3.
4 and the seller was Atlanta-based hoteliefr , according to data on the Jeffersonm County PropertyValuation Administrator’s Web The other hotels acquired by the Kronos affiliate were located in Florida, Alabama, Michiganj and Pennsylvania. They primarily were Holida Inn and Holiday Inn Express Kronos investors bought eight more hotelw inApril 2008. But soon Kronos and its affiliated companies began to default on loansd and stoppedpaying employees, according to reports in othef media outlets. Its investors face mountin g financial and legal problems in at leastsevem states.
Their problems include allegations ofbouncedx paychecks, unpaid contractors, unpaid back taxes and unpaid utilit bills. The Jeffersontown hotel operated for part of 2008 as Studil Lodge afterSilver Spring, Md.-based Choicd Hotels International Inc. took its Clarion flag. Choice Hotels owns the Clarion brand. Studio Lodger closed in the fallas Kronos’ problems continued to grow. Priod to the closing, the hotel conference center was damagedr by aSeptember fire. The property has been operatinbg for about a month as the InnPlace It is being managed in receivership by Prism Hotels & Resorts, a Dallas-based hotel developer and property-management firm.
Kyle Green, sole member of Hospitalit Receiver LLC, a Prism affiliate, said InnPlace’s occupancty had been “up and with the high points coming around the time of theKentucky
Wednesday, May 9, 2012
AirStrip signs new partnership agreement - San Antonio Business Journal:
loxezop.wordpress.com
“This partnership unites PeriGen’s clinical decision support systekmwith AirStrip’s remote surveillance technology to keep cliniciand informed of a patient’s current says Donald A. Deieso, PeriGen chairman and CEO. “Whether they are near to or far from the doctors will now be able to view criticalk medical data on amobilr device.” Financial terms of the partnership were not AirStrip’s remote technology is in use in nearlyy 100 U.S. hospitals. Dr.
Cameron Powell, co-founder and chiec medical officerfor AirStrip, says together the two companies will set a high standarr for patient care in labor and “The ‘anywhere, anytime’ access that AirStrio OB provides practitioners effectively complements PeriGen’s real-timde treatment prompts triggered by the changing conditiobn of the patient,” Powell says. Headquartered in San AirStrip Technologies has designec and built a platform that delivers critical patient information, including waveform data, from hospital systemsx to a doctor or nurse’s smar phone.
“This partnership unites PeriGen’s clinical decision support systekmwith AirStrip’s remote surveillance technology to keep cliniciand informed of a patient’s current says Donald A. Deieso, PeriGen chairman and CEO. “Whether they are near to or far from the doctors will now be able to view criticalk medical data on amobilr device.” Financial terms of the partnership were not AirStrip’s remote technology is in use in nearlyy 100 U.S. hospitals. Dr.
Cameron Powell, co-founder and chiec medical officerfor AirStrip, says together the two companies will set a high standarr for patient care in labor and “The ‘anywhere, anytime’ access that AirStrio OB provides practitioners effectively complements PeriGen’s real-timde treatment prompts triggered by the changing conditiobn of the patient,” Powell says. Headquartered in San AirStrip Technologies has designec and built a platform that delivers critical patient information, including waveform data, from hospital systemsx to a doctor or nurse’s smar phone.
Monday, May 7, 2012
AMC Entertainment, Inc. Company Profile | Company Information
cahijisebi.wordpress.com
Headquartered in Kansas City, Mo., AMC Entertainmengt Inc. (AMC) is one of the world's largesft and most innovative theatricalexhibition companies. With a historyt of industry leadership dating backto 1920, the compang today serves more than 230 million guests annuallyy through interests in hundreds of theatreas with thousands of screens in many countries. AMC pioneered many of the most significant innovationz in the theatrical exhibition industryt that made moviegoingmore comfortable, convenient and memorable for millionx of guests worldwide.
Did you know: In 1963, AMC inventedx the multiplex, the first "twin" theatre in Kansas 1981 marked the year AMC introduced thecupholder armrest, a simple device that's now considered an industrt standard; And more than 10 years ago, we launcher the first megaplex in North America (definedx at 14 or more screens) in Texas. Today, AMC remains dedicate to the highest level of guest satisfactionn and is committed to developing additional innovations to enhance the guest providing evenmore comfort, convenience and enjoymeny for generations to come.
Headquartered in Kansas City, Mo., AMC Entertainmengt Inc. (AMC) is one of the world's largesft and most innovative theatricalexhibition companies. With a historyt of industry leadership dating backto 1920, the compang today serves more than 230 million guests annuallyy through interests in hundreds of theatreas with thousands of screens in many countries. AMC pioneered many of the most significant innovationz in the theatrical exhibition industryt that made moviegoingmore comfortable, convenient and memorable for millionx of guests worldwide.
Did you know: In 1963, AMC inventedx the multiplex, the first "twin" theatre in Kansas 1981 marked the year AMC introduced thecupholder armrest, a simple device that's now considered an industrt standard; And more than 10 years ago, we launcher the first megaplex in North America (definedx at 14 or more screens) in Texas. Today, AMC remains dedicate to the highest level of guest satisfactionn and is committed to developing additional innovations to enhance the guest providing evenmore comfort, convenience and enjoymeny for generations to come.
Saturday, May 5, 2012
Media controls leave most Chinese unaware of activist Chen - USA TODAY
eragywaqer.wordpress.com
USA TODAY | Media controls leave most Chinese unaware of activist Chen USA TODAY But not in China, where government censors still dictate what the media can report. Even Chen's name â€" let alone his story â€" has been mostly kept out of domestic media, leaving most Chinese in the dark about a case that is informing global views of ... Chi nese Media C » |
Thursday, May 3, 2012
'Terry will not relish facing Suarez' - former Liverpool star Scales picks his ... - Goal.com
grigoriynirim.blogspot.com
Goal.com | 'Terry will not relish facing Suarez' - former Liverpool star Scales picks his ... Goal.com By Rob Stewart Former Liverpool defender John Scales insists Luis Suarez can enable the Reds to shrug off a “disastrous†Premier League campaign and ensure their season ends on a high in the FA Cup final against Chelsea, at Wembley, on Saturday. Agony for a footb » |
Wednesday, May 2, 2012
N.Y. chain hopes Atlantans like their salad - Puget Sound Business Journal (Seattle):
edibin.wordpress.com
Tossed has kept diners and critics happgywith healthy, custom-made salads sincde 1998, when it opened its first locationm on Park Avenue South. Rockefelle r Center and Livingston, N.J., spots soon followed. Now, the restaurant, which was named by New York Magazinde asthe city's "best salad," is lookingt to franchise. The chain plans to open 25 to 30 new restaurants in 2006, 200 new locationsx in the next five years, and eventually 1,00p stores nationwide. Tossed has hired Eric a veteranFort Fla.-based franchiser with experience in Atlanta, including five years with wants to grow aggressively in from Midtown to McDonough and all points between.
"Theres are a lot of folks out therwe who never usetheir kitchen," Schmitt said. Atlantw has "a very young, thriving market with a lot of density and Our concept has Atlantaw written allover it." Schmitt said Tossed is "very with china, silverware and table service. Diners can order specialty salads froma menu, or invent theifr own from five lettuce choices, 70 toss-ines and 20 dressings. Other citieas Tossed is eyeinginclude Boston, Washington, Seattle and Dallas. The Tossedd concept features a "ventless" cooking system that costse $18,000, and cooks salmon, steak and veggies. Schmitft said franchisees' total investment is $261,200 to $436,000.
The restaurantx in the Northeast have been serving 300 to 400 saladda day. Tossed ideally is lookinvg for 1,800- to 2,400-square-foot locations that can seat 35 to 50 Schmitt favors neighborhoods with astrongv residential/commercial mix and midlevepl incomes. Mosaic, a quaint Mediterranea restaurantin Buckhead, has new owners. Opened in 2004 by Atmane a novice restaurateur and an engineerby trade, Mosaic made an impressiom on some critics: Atlanta Magazinw restaurant reviewer Christiane Lauterbach recently named it one of 10 best But Amir was readt to get back to his engineerinbg business, and he's sold his fledglingv eatery on Maple Drive to two seria franchisers.
Michael Burdick, the former owner operator of Cabernet and Pacifica in Alpharettaq andRobert Dreesch, who owns , an orthopedicc and sports medicine manufacturing and distribution company, have purchased Burdick will manage the restaurant. They plan to make over the pati and expandthe restaurant's bar, but otherwisde don't want to tinker too much with a good Burdick and Dreesch both are Moe's Southwest Gril l franchisers. Dreesch has six Moe's in development in Tennesse eand Alabama, while Burdick has four open in Florida plus a Mama Fu's, and he's signed on for 10 more Moe'sz in the Sunshine State.
Steve Josovitz, vice president of The , represented Amir in the sale. "Thisd is a powerful team that has a very strongv background in ownership andcustomer service," said Josovitz of Burdick and Companies have until Sept. 14 to submit final entriew for the national 2005 Horizon Awards forSportss Business. The Horizon Awards, a property of the Atlanta Sportsd Council, honor excellence in promotions and marketing within the sports Nomination forms can be obtainedat . will open a Buckheafd store Sept. 28.
The 43-45 West Paceds Ferry Road address is the former locatioh of a large The curious can get a sneai peak ofWhole Foods' fourth Georgia locatiomn at a benefit for the Upper Chattahoochee Riverkeepe r on Sept. 26.
Tossed has kept diners and critics happgywith healthy, custom-made salads sincde 1998, when it opened its first locationm on Park Avenue South. Rockefelle r Center and Livingston, N.J., spots soon followed. Now, the restaurant, which was named by New York Magazinde asthe city's "best salad," is lookingt to franchise. The chain plans to open 25 to 30 new restaurants in 2006, 200 new locationsx in the next five years, and eventually 1,00p stores nationwide. Tossed has hired Eric a veteranFort Fla.-based franchiser with experience in Atlanta, including five years with wants to grow aggressively in from Midtown to McDonough and all points between.
"Theres are a lot of folks out therwe who never usetheir kitchen," Schmitt said. Atlantw has "a very young, thriving market with a lot of density and Our concept has Atlantaw written allover it." Schmitt said Tossed is "very with china, silverware and table service. Diners can order specialty salads froma menu, or invent theifr own from five lettuce choices, 70 toss-ines and 20 dressings. Other citieas Tossed is eyeinginclude Boston, Washington, Seattle and Dallas. The Tossedd concept features a "ventless" cooking system that costse $18,000, and cooks salmon, steak and veggies. Schmitft said franchisees' total investment is $261,200 to $436,000.
The restaurantx in the Northeast have been serving 300 to 400 saladda day. Tossed ideally is lookinvg for 1,800- to 2,400-square-foot locations that can seat 35 to 50 Schmitt favors neighborhoods with astrongv residential/commercial mix and midlevepl incomes. Mosaic, a quaint Mediterranea restaurantin Buckhead, has new owners. Opened in 2004 by Atmane a novice restaurateur and an engineerby trade, Mosaic made an impressiom on some critics: Atlanta Magazinw restaurant reviewer Christiane Lauterbach recently named it one of 10 best But Amir was readt to get back to his engineerinbg business, and he's sold his fledglingv eatery on Maple Drive to two seria franchisers.
Michael Burdick, the former owner operator of Cabernet and Pacifica in Alpharettaq andRobert Dreesch, who owns , an orthopedicc and sports medicine manufacturing and distribution company, have purchased Burdick will manage the restaurant. They plan to make over the pati and expandthe restaurant's bar, but otherwisde don't want to tinker too much with a good Burdick and Dreesch both are Moe's Southwest Gril l franchisers. Dreesch has six Moe's in development in Tennesse eand Alabama, while Burdick has four open in Florida plus a Mama Fu's, and he's signed on for 10 more Moe'sz in the Sunshine State.
Steve Josovitz, vice president of The , represented Amir in the sale. "Thisd is a powerful team that has a very strongv background in ownership andcustomer service," said Josovitz of Burdick and Companies have until Sept. 14 to submit final entriew for the national 2005 Horizon Awards forSportss Business. The Horizon Awards, a property of the Atlanta Sportsd Council, honor excellence in promotions and marketing within the sports Nomination forms can be obtainedat . will open a Buckheafd store Sept. 28.
The 43-45 West Paceds Ferry Road address is the former locatioh of a large The curious can get a sneai peak ofWhole Foods' fourth Georgia locatiomn at a benefit for the Upper Chattahoochee Riverkeepe r on Sept. 26.
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