Homestead Housing Authority: We're making progress MiamiHerald.com Board members chose a new chair, David Berrones, and vice chair, Martha Torres, at the meeting. The housing authority, which gets about $20 million from the federal government to provide affordable housing to farm workers and low-income renters, has ... |
Saturday, June 30, 2012
Homestead Housing Authority: We're making progress - MiamiHerald.com
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Thursday, June 28, 2012
Brewers among tops in fan satisfaction - Phoenix Business Journal:
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According to the “Ultimate Standings: Fan Satisfactiob Rankings” in ESPN The Magazine'ds most recent issue, the Brewers traileed only the of Anaheim for fan satisfaction among MLB The Angels were number one in all of sportsdin 2009. More than 50,000 fans participated in the which rated each franchisew ineight categories. The Brewers place d among the top franchises in the categories of affordability stadiumexperience (third), bang for the buck and ownership (14th).
“This is our annua l report card as graded bythe fans, and we are pleased that fans valu the Brewers and Millerf Park experience so said Rick Schlesinger, Brewers executive vice presideny – business operations. “At all levelas of our organization, we continues to focus on delivering a consistentl y competitive teamand best-in-class entertainment and we know that we need to make this our top priorityg every day.” The Brewers have risen in the overalll rankings for all sports in each of the past five In 2004, the franchise rankedc 112th before jumping to 45th in 2005. The Brewerws moved up to 17th in 2006, 16th in 2007 and 13th in 2008.
The rankef 13th overall, taking the top ranking in stadiun experience. The ranked 110th, with rankingsw of 116th -- or seventhu worst -- in three categories: stadium experience, players and titlse track, a measure of championships won or expectex in the lifetime ofcurrenrt fans.
According to the “Ultimate Standings: Fan Satisfactiob Rankings” in ESPN The Magazine'ds most recent issue, the Brewers traileed only the of Anaheim for fan satisfaction among MLB The Angels were number one in all of sportsdin 2009. More than 50,000 fans participated in the which rated each franchisew ineight categories. The Brewers place d among the top franchises in the categories of affordability stadiumexperience (third), bang for the buck and ownership (14th).
“This is our annua l report card as graded bythe fans, and we are pleased that fans valu the Brewers and Millerf Park experience so said Rick Schlesinger, Brewers executive vice presideny – business operations. “At all levelas of our organization, we continues to focus on delivering a consistentl y competitive teamand best-in-class entertainment and we know that we need to make this our top priorityg every day.” The Brewers have risen in the overalll rankings for all sports in each of the past five In 2004, the franchise rankedc 112th before jumping to 45th in 2005. The Brewerws moved up to 17th in 2006, 16th in 2007 and 13th in 2008.
The rankef 13th overall, taking the top ranking in stadiun experience. The ranked 110th, with rankingsw of 116th -- or seventhu worst -- in three categories: stadium experience, players and titlse track, a measure of championships won or expectex in the lifetime ofcurrenrt fans.
Wednesday, June 27, 2012
Monday, June 25, 2012
Bed Bug Alert! Little Critter Infestations in Tarrytown - Patch.com
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Bed Bug Alert! Little Critter Infestations in Tarrytown Patch.com Village sent out an alert Friday morning to seal discarded mattresses; administrator confirms bed bugs sightings. |
Sunday, June 24, 2012
Rebates should boost Energy Star sales - Tampa Bay Business Journal:
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“This rebate program will help Floridianxs buy appliances atdiscount rates, lower utilitgy costs and benefit Florida businesses by stimulatiny sales of energy-efficient appliances,” Gov. Charlie Crist said in a presas releaseMay 18. Although the bill was signed last the projected time for the program to be administereds is probably sometime this Consumers will not be eligible for the rebateas until then because some of the detailsz of the program still need to be worked out, said Jeremy Susac, the executive director of Crist’s Energgy Office.
The specific amounts for the rebates must be approved by the legislativeebudget committee, and Crist’s office is still waitint for guidance from the federall government on how exactly the program will work, Susac said. The FECC is expecting Florida toreceivr $18 million in federal stimulus funds to provide the rebatew program. In addition, the Florida legislature is giving $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percent on the costof energy-efficient “This is what we are projecting,” Susac “We are looking at 20 percent all acrossw the board.
” With the 20 percenty rebate, consumers could save $290 on refrigerators, $200 on washingv machines, freezers and $65 on room air conditioners and $40 on Only laundry and kitchen home appliances with the Energy Star label will be eligible for the All Energy Star appliances meet strict energt efficiency guidelines set by the Environmental Protection Agencty and U.S. Department of Energy, but certain items like flat screenj televisions arenot included, Susac said.
Even thougjh they use the most energy out of all the home certain kitchen itemslike microwaves, ovens and stovwe tops are also not included because they have yet to be regulatede by Energy Star in the United said Michael Setzer, the owner of Setzer’s appliance dealerf in Jacksonville. Energy Star appliances do cost an averagseof $50 to $100 more than the standard versions because of the advanced technologies, he said, but the rebatse should lighten the costs, making it almost cheaper to buy the Energt Star product. “You don’t have to spendd $1,000 to have an Energy Star,” Setzer “Energy Star has cheaper modelsa now.
I have a $300 dishwashetr and a $800 refrigerator in my store that are allEnergy Star.” In addition, the investment will cause utility bills to go down in dollar Customers should recover their costs of the energy-efficienr appliance on their monthly bills within five to six years. Accordinbg to Energy Star’s Web site, their appliancee can save consumers $75 a year in energh costs, and they use 10 to 20 percenty less energy and water than traditional making them better forthe environment. For a front-loading Energy Star washing machine uses 16 to 18 gallonz of water versus the traditional top-loading appliance that uses 40 gallons.
“I don’t know if our salesw will go up because the customersa will still have to put out the full Setzer said. “But any increasee in sales willbe great, and it woulrd be a great thing for people to get theidr money back.” Business has been slow during the economic downturn at both Setzer’s locationzs here in Jacksonville and Ocala, but it’s stillk going pretty steady because people are always going to need refrigeratora and dishwashers, he said. In 75 to 80 percent of the appliances he sellsx areEnergy Star, so Setzer said he’ds very hopeful.
Energy Star is also excitede for the rebate program to go into effect because the Floridsa proposalis unprecedented, an Energy Star spokespersonh said. In years rebates have caused a jump intheird sales, but they have nevefr had a rebate prograkm like this before.
“This rebate program will help Floridianxs buy appliances atdiscount rates, lower utilitgy costs and benefit Florida businesses by stimulatiny sales of energy-efficient appliances,” Gov. Charlie Crist said in a presas releaseMay 18. Although the bill was signed last the projected time for the program to be administereds is probably sometime this Consumers will not be eligible for the rebateas until then because some of the detailsz of the program still need to be worked out, said Jeremy Susac, the executive director of Crist’s Energgy Office.
The specific amounts for the rebates must be approved by the legislativeebudget committee, and Crist’s office is still waitint for guidance from the federall government on how exactly the program will work, Susac said. The FECC is expecting Florida toreceivr $18 million in federal stimulus funds to provide the rebatew program. In addition, the Florida legislature is giving $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percent on the costof energy-efficient “This is what we are projecting,” Susac “We are looking at 20 percent all acrossw the board.
” With the 20 percenty rebate, consumers could save $290 on refrigerators, $200 on washingv machines, freezers and $65 on room air conditioners and $40 on Only laundry and kitchen home appliances with the Energy Star label will be eligible for the All Energy Star appliances meet strict energt efficiency guidelines set by the Environmental Protection Agencty and U.S. Department of Energy, but certain items like flat screenj televisions arenot included, Susac said.
Even thougjh they use the most energy out of all the home certain kitchen itemslike microwaves, ovens and stovwe tops are also not included because they have yet to be regulatede by Energy Star in the United said Michael Setzer, the owner of Setzer’s appliance dealerf in Jacksonville. Energy Star appliances do cost an averagseof $50 to $100 more than the standard versions because of the advanced technologies, he said, but the rebatse should lighten the costs, making it almost cheaper to buy the Energt Star product. “You don’t have to spendd $1,000 to have an Energy Star,” Setzer “Energy Star has cheaper modelsa now.
I have a $300 dishwashetr and a $800 refrigerator in my store that are allEnergy Star.” In addition, the investment will cause utility bills to go down in dollar Customers should recover their costs of the energy-efficienr appliance on their monthly bills within five to six years. Accordinbg to Energy Star’s Web site, their appliancee can save consumers $75 a year in energh costs, and they use 10 to 20 percenty less energy and water than traditional making them better forthe environment. For a front-loading Energy Star washing machine uses 16 to 18 gallonz of water versus the traditional top-loading appliance that uses 40 gallons.
“I don’t know if our salesw will go up because the customersa will still have to put out the full Setzer said. “But any increasee in sales willbe great, and it woulrd be a great thing for people to get theidr money back.” Business has been slow during the economic downturn at both Setzer’s locationzs here in Jacksonville and Ocala, but it’s stillk going pretty steady because people are always going to need refrigeratora and dishwashers, he said. In 75 to 80 percent of the appliances he sellsx areEnergy Star, so Setzer said he’ds very hopeful.
Energy Star is also excitede for the rebate program to go into effect because the Floridsa proposalis unprecedented, an Energy Star spokespersonh said. In years rebates have caused a jump intheird sales, but they have nevefr had a rebate prograkm like this before.
Saturday, June 23, 2012
D'Amico Cucina closing - The Business Review (Albany):
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The Italian restaurant has been in the Twin Citiesz for22 years. The restaurant is located in the Butlefr Square building at100 N. Sixthu Street, next to the in downtowmn Minneapolis. Minneapolis-based , which owns the blamed several factors forthe restaurant’s “The new [ ] stadium, the economy and various traffic and parking issuesd — and the long-terkm viability of higher-end restaurant concepts led us to proactively close Cucina at this said D’Amico president and co-founder, Richard D’Amico, in a presds release. The restaurant is only a blockk west ofthe under-construction Minnesota Twins’ ballparki that will open 2010.
D’Amico told the Star Tribune newspape thathe didn’t think people woulcd want to eat at a fine restauran and then go to a basebal l game. The restaurant employed abour 26 workers, one-quarter of whom have been absorbedr byother D'Amico restaurant businesses. “Ww are currently actively working on additional Italia n conceptsand locations. We hope to re-hire stafft in the coming months.” D’Amicop & Partners owns and operates 24 restaurants and catering locationsz in Minneapolisand Florida, including the Italian-themed the modernist chophouse Cafe and Bar Lucat, the casuak eateries D’Amico & Sons and the upscale-Mexican restaurantt Masa.
Brian Burg, general manager of Butler Square for Northmarq RealEstate Services, said that Northmarq only learned of the restaurant'ws closure this week. He declined to say when D'Amico'e lease for the 8,660-square-foot restaurant expires or if Northmara plans to put the space up forleasew soon. "We are working through these mattereswith D'Amico," Burg said. He added that "the closingy of a great restaurant is a sad but we know that Butleer Square and the Cucina location are ideally locatec to benefit from the new and dynamic changes that are occurrinf in theWarehouse
The Italian restaurant has been in the Twin Citiesz for22 years. The restaurant is located in the Butlefr Square building at100 N. Sixthu Street, next to the in downtowmn Minneapolis. Minneapolis-based , which owns the blamed several factors forthe restaurant’s “The new [ ] stadium, the economy and various traffic and parking issuesd — and the long-terkm viability of higher-end restaurant concepts led us to proactively close Cucina at this said D’Amico president and co-founder, Richard D’Amico, in a presds release. The restaurant is only a blockk west ofthe under-construction Minnesota Twins’ ballparki that will open 2010.
D’Amico told the Star Tribune newspape thathe didn’t think people woulcd want to eat at a fine restauran and then go to a basebal l game. The restaurant employed abour 26 workers, one-quarter of whom have been absorbedr byother D'Amico restaurant businesses. “Ww are currently actively working on additional Italia n conceptsand locations. We hope to re-hire stafft in the coming months.” D’Amicop & Partners owns and operates 24 restaurants and catering locationsz in Minneapolisand Florida, including the Italian-themed the modernist chophouse Cafe and Bar Lucat, the casuak eateries D’Amico & Sons and the upscale-Mexican restaurantt Masa.
Brian Burg, general manager of Butler Square for Northmarq RealEstate Services, said that Northmarq only learned of the restaurant'ws closure this week. He declined to say when D'Amico'e lease for the 8,660-square-foot restaurant expires or if Northmara plans to put the space up forleasew soon. "We are working through these mattereswith D'Amico," Burg said. He added that "the closingy of a great restaurant is a sad but we know that Butleer Square and the Cucina location are ideally locatec to benefit from the new and dynamic changes that are occurrinf in theWarehouse
Thursday, June 21, 2012
Maria Valverde: 'Tengo Ganas de Ti' Premiere Dress - Gather Celebs News Channel
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Maria Valverde: 'Tengo Ganas de Ti' Premiere Dress Gather Celebs News Channel Spanish actress Maria Valverde got together with her Tengo Ganas de Ti cast mates for their films photo call and premiere in Madrid. Maria, along... |
Wednesday, June 20, 2012
Study shows San Antonio is nation's best-performing city in recession - Minneapolis / St. Paul Business Journal:
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The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’s metropolitan areas. In the first of a seriexs of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metroi areas in the country in economix performance in the wake of the Brookings ranked the top 100 metropolitanm areas based on six key indicators — unemployment rates, wages, gross metropolitan housing prices and foreclosure rates. This initial MetroMonitor report covere the first quarterof 2009. The five worst metropolitabn areas in the country impacted by the indescending order, are Jacksonville, Fla.
; Lakeland, Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effectse of this recession, but the distressd is not shared equally,” says Alan research director of the Metropolitan Policy Programn at Brookings and co-author of the “While some areas of the countrh have experienced only a shallow downturn, and may be emergingb from the recession already, people living in metroi areas that are now performing weakest economically shoul prepare themselves for a long recoverhy period.
” Howard Wial, director of the Metropolita n Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscal and monetarg policy will not be enough for stimulatinfg the economy. “Many (metro) areas will need targetexd assistance, and since states have no fundds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurte some regional economies during the For example, metropolitan areas in states with specializationz in energy and government employment such as Texas, New Mexico, Arkansas and Louisiana — have largely been insulatedc by the recession.
However, metropolitan areas in states like Michigan and Ohio that depend heavily on the automotivew industry have been impacted by the downturnh inthe economy, the report San Antonio is home to Randolph Air Force Base, Fort Sam Houston, Lacklan d Air Force Base and Brooks City-Base. The 2005 Base Realignment and Closure decisiomn alone is providing a significant economic punch to theAlaml City’s economy through the consolidation of high-paying militart health care jobs and more than $2 billionh worth of new construction activity.
A separate report releasexd by LLC outlining the impact of BRAC showefd that Fort Sam Houston alonee would experiencea 11,500 increase of The Army post will also gain 7.9 million squarde feet of space. Construction activity due to BRAC alone shoulecreate 46,000 construction jobs during the course of the building the DiLuzio report showed.
The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’s metropolitan areas. In the first of a seriexs of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metroi areas in the country in economix performance in the wake of the Brookings ranked the top 100 metropolitanm areas based on six key indicators — unemployment rates, wages, gross metropolitan housing prices and foreclosure rates. This initial MetroMonitor report covere the first quarterof 2009. The five worst metropolitabn areas in the country impacted by the indescending order, are Jacksonville, Fla.
; Lakeland, Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effectse of this recession, but the distressd is not shared equally,” says Alan research director of the Metropolitan Policy Programn at Brookings and co-author of the “While some areas of the countrh have experienced only a shallow downturn, and may be emergingb from the recession already, people living in metroi areas that are now performing weakest economically shoul prepare themselves for a long recoverhy period.
” Howard Wial, director of the Metropolita n Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscal and monetarg policy will not be enough for stimulatinfg the economy. “Many (metro) areas will need targetexd assistance, and since states have no fundds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurte some regional economies during the For example, metropolitan areas in states with specializationz in energy and government employment such as Texas, New Mexico, Arkansas and Louisiana — have largely been insulatedc by the recession.
However, metropolitan areas in states like Michigan and Ohio that depend heavily on the automotivew industry have been impacted by the downturnh inthe economy, the report San Antonio is home to Randolph Air Force Base, Fort Sam Houston, Lacklan d Air Force Base and Brooks City-Base. The 2005 Base Realignment and Closure decisiomn alone is providing a significant economic punch to theAlaml City’s economy through the consolidation of high-paying militart health care jobs and more than $2 billionh worth of new construction activity.
A separate report releasexd by LLC outlining the impact of BRAC showefd that Fort Sam Houston alonee would experiencea 11,500 increase of The Army post will also gain 7.9 million squarde feet of space. Construction activity due to BRAC alone shoulecreate 46,000 construction jobs during the course of the building the DiLuzio report showed.
Monday, June 18, 2012
Pamela Schmitt - Business Courier of Cincinnati:
jaqezuweg.blogspot.com
But you might be surprised to findwherse 's Pamela Schmitt is finding them: energty and materials stocks. "It's a resulty of what we saw as undervalued a year said Schmitt, who focuses mostlyy on RiverPoint's classic value Even so, she still holds eight energuy stocks in the 40-stock valu e portfolio. Natural gas stocks have strong prospects, she said, because those prices haven't climbed as much as oil has. RiverPoint added drilling company HerculesOffshore (HERO) in February and has gainede 50 percent with it.
"You might say energty has run too far," Schmitt "But different elements haven't had their full value In thematerials sector, the firm boughgt chemical company (CE) in January. It's up 40 She picks stocks by figuring outa company's true worth and finding stocks trading below Cash is king in Schmitt's book. "If it'es not a decent cash flow story, we'rwe probably not going to own she said. RiverPoint also uses enterprise which includes debtand cash. It seeks an enterprise value of six timesecash flow, Schmitt said. She isn't yet a fan of the financialo sector, but she favors (NYB).
She also likes textboo publisherl (MHP) and consumer goods company (UN). who has worked in the investment busines s for14 years, joined RiverPoint in She holds the Chartered Financial Analysy designation and is a member of the .
But you might be surprised to findwherse 's Pamela Schmitt is finding them: energty and materials stocks. "It's a resulty of what we saw as undervalued a year said Schmitt, who focuses mostlyy on RiverPoint's classic value Even so, she still holds eight energuy stocks in the 40-stock valu e portfolio. Natural gas stocks have strong prospects, she said, because those prices haven't climbed as much as oil has. RiverPoint added drilling company HerculesOffshore (HERO) in February and has gainede 50 percent with it.
"You might say energty has run too far," Schmitt "But different elements haven't had their full value In thematerials sector, the firm boughgt chemical company (CE) in January. It's up 40 She picks stocks by figuring outa company's true worth and finding stocks trading below Cash is king in Schmitt's book. "If it'es not a decent cash flow story, we'rwe probably not going to own she said. RiverPoint also uses enterprise which includes debtand cash. It seeks an enterprise value of six timesecash flow, Schmitt said. She isn't yet a fan of the financialo sector, but she favors (NYB).
She also likes textboo publisherl (MHP) and consumer goods company (UN). who has worked in the investment busines s for14 years, joined RiverPoint in She holds the Chartered Financial Analysy designation and is a member of the .
Sunday, June 17, 2012
State senator wants to remove UC
cicugaha.wordpress.com
In a release, Yee, who received his bachelor’s degree from UC said that the Regents of the systejm think theyare “above the law.” The Universitu of California Office of the President shot back in its own saying that the system is one of the few agencies in governmenf that is working, that it’e flourished under its and that the salaries it pays to top leaders is beloq the national average for comparable institutions. The state’s constitution guaranteed the regents autonomy on all issues relates to management of the systemsincer 1879.
The proposed amendment, SCA 21, and its counterpart on in theStats Assembly, ACA 24, need two-thirds approvao from the legislature and then needs approval from statre voters.
In a release, Yee, who received his bachelor’s degree from UC said that the Regents of the systejm think theyare “above the law.” The Universitu of California Office of the President shot back in its own saying that the system is one of the few agencies in governmenf that is working, that it’e flourished under its and that the salaries it pays to top leaders is beloq the national average for comparable institutions. The state’s constitution guaranteed the regents autonomy on all issues relates to management of the systemsincer 1879.
The proposed amendment, SCA 21, and its counterpart on in theStats Assembly, ACA 24, need two-thirds approvao from the legislature and then needs approval from statre voters.
Friday, June 15, 2012
Rockies beat Tigers with 8 runs in 10th inning - USA TODAY
shemwellmygalej1291.blogspot.com
USA TODAY | Rockies beat Tigers with 8 runs in 10th inning USA TODAY Wilin Rosario hit a go-ahead, two-run single in the 10th and Colorado went on to score a franchise-record eight runs in an extra inning. Rockies top Tigers 12-4 with 8 runs in 10th inning Colorado Rockies rout Jose Valverde, Detroit Tigers with eight-run ... |
Thursday, June 14, 2012
CFOs, finance execs cutting vacation days to stay focused on job - Houston Business Journal:
mcfarlainofuqub1258.blogspot.com
“Many CFOs understandably feel they must remainm diligent helping steer their firms through thedownturn and, just as prepare the business for an ultimate recovery,” said Paul executive director of . Menlo Park, Calif.-based Robert Half surveyed 1,400 chiecf financial officers about their vacation plans in thecominy year: 31 percent said the economyu was causing them to postpone or reduce their vacation While such intentions may be in the best interest of the taking breaks from work can help brinh “a fresh approach to business projectsx and challenges,” McDonald said.
He suggestsd that those who are concernex about how a vacatiomn may affect their company should developl a plan for granting vacatiobn requests and detailing who will handlr various responsibilities while that personis out. Vacations can servd as an opportunityfor high-potential employees who fill in to prove themselves worthg of future advancement. Still, McDonald says managers of small organizationsz need to be careful not to overload the remaining workers when someonreis out.
“Many CFOs understandably feel they must remainm diligent helping steer their firms through thedownturn and, just as prepare the business for an ultimate recovery,” said Paul executive director of . Menlo Park, Calif.-based Robert Half surveyed 1,400 chiecf financial officers about their vacation plans in thecominy year: 31 percent said the economyu was causing them to postpone or reduce their vacation While such intentions may be in the best interest of the taking breaks from work can help brinh “a fresh approach to business projectsx and challenges,” McDonald said.
He suggestsd that those who are concernex about how a vacatiomn may affect their company should developl a plan for granting vacatiobn requests and detailing who will handlr various responsibilities while that personis out. Vacations can servd as an opportunityfor high-potential employees who fill in to prove themselves worthg of future advancement. Still, McDonald says managers of small organizationsz need to be careful not to overload the remaining workers when someonreis out.
Wednesday, June 13, 2012
Six-month report: 12 of Arizona's 21 major stocks gain ground in first half - Phoenix Business Journal:
ogarawo.wordpress.com
Twelve of Arizona’s 21 billion-dollar-a-yeat public companies saw an increase in stock prices for the firs six months ofthe year, compare with just seven at the end of the firsgt quarter. But looking back a little farthedr -- to the beginning of 2008 -- just threse companies have gained P.F. Chang’s China Bistro Inc., and On a larger the Dow Jones Industrial Average isdown 3.8 percent for the and 36 percent sincd the start of 2008. The Nasdaqa Composite managed to post a gain of 16 percent for the first six monthws ofthe year, but remains off 31 percenf from January 2008.
In the firsr hours of trading Wednesdaymorning -- the first session of the thirc quarter -- the Dow was up more than 100 The best way to describe stock performance so far this year is said Kevin Yeanoplos of Brueggeman and Johnson Yeanoplosw PC in Tucson. “There is stillp a significant amountof uncertainty,” he said notingt that while there has been an upticik in the housing market another wave of foreclosurex is likely to hit. He likene the situation to Pavlov’s dog conditioned to gettingh shocked in itscage — beinh very upset at first, then learning to live with the discomfort. “We’vse all been shocked into he said.
But even though that has allowed the marker torecover somewhat, there could be another dip in the next six month with so much hingingt on such issues as consumert spending, Yeanoplos said. Joe Blankenship, vice president of research at Sourcw Capital Groupin Scottsdale, agreeds there could be another correction, but expects that to be Both financial experts also say undervaluecd stocks are driving some of the activity. “Playerz in commodities, like Freeport McMoRan, and specialty especially sometech areas, like are recognizing value,” Blankenshi said.
“It’s still a bargaih hunter’s mentality because we’red not breaking out of the plateau we’re in and probably won’g for another three months.” Select industriex are likely to prosper, he said, citingv the race in small computer devicez suchas BlackBerry, Palm and iPhone. Experts point to however, for a significant improvement inmajorf areas, including housing, Blankenship said. Stocko price close June 30, 6-month change, 18-month changew (NYSE:RSG): $24.37, -1.7%, -20% (Nasdaq:FSLR): $162.15, 18%, -39% P.F. Chang’ss China Bistro (Nasdaq:PFCB): $31.96, 53%, 40% (NYSE:VVI): $17.22, -45% (NYSE:PCU): $20.39, 28%, -37% $21.
02, 15%, -40% (NYSE:LCC): $2.42, -69%, -84% (Nasdaq:PETM): 17%, -8.1% (Nasdaq:NSIT): $9.66, 40%, -47% Meritage Homezs Corp. (NYSE:MTH): $18.86, 55%, 29% (NYSE:PNW): $30.15, -23% Amkor Technology Inc. (Nasdaq:AMKR): $4.72, -45% Apollo Group Inc. (Nasdaq:APOL): $71.12, 1.4% (Nasdaq:UHAL): $37.15, 7.6%, -43% ON Semiconductor Corp. (Nasdaq:ONNN): $6.86, 102%, -23% (Nasdaq:MESA): -62%, -97% (NYSE:UNS): -8.6%, -12% (Nasdaq:MCHP): $22.55, 18%, -24% Cleatr Channel Outdoor (NYSE:CCO): $5.30, -14%, -81% (NYSE:RRR): -21%, -46% Freeport McMoRan Coppetr & Gold (NYSE:FCX): $50.
11, 105%, -50%
Twelve of Arizona’s 21 billion-dollar-a-yeat public companies saw an increase in stock prices for the firs six months ofthe year, compare with just seven at the end of the firsgt quarter. But looking back a little farthedr -- to the beginning of 2008 -- just threse companies have gained P.F. Chang’s China Bistro Inc., and On a larger the Dow Jones Industrial Average isdown 3.8 percent for the and 36 percent sincd the start of 2008. The Nasdaqa Composite managed to post a gain of 16 percent for the first six monthws ofthe year, but remains off 31 percenf from January 2008.
In the firsr hours of trading Wednesdaymorning -- the first session of the thirc quarter -- the Dow was up more than 100 The best way to describe stock performance so far this year is said Kevin Yeanoplos of Brueggeman and Johnson Yeanoplosw PC in Tucson. “There is stillp a significant amountof uncertainty,” he said notingt that while there has been an upticik in the housing market another wave of foreclosurex is likely to hit. He likene the situation to Pavlov’s dog conditioned to gettingh shocked in itscage — beinh very upset at first, then learning to live with the discomfort. “We’vse all been shocked into he said.
But even though that has allowed the marker torecover somewhat, there could be another dip in the next six month with so much hingingt on such issues as consumert spending, Yeanoplos said. Joe Blankenship, vice president of research at Sourcw Capital Groupin Scottsdale, agreeds there could be another correction, but expects that to be Both financial experts also say undervaluecd stocks are driving some of the activity. “Playerz in commodities, like Freeport McMoRan, and specialty especially sometech areas, like are recognizing value,” Blankenshi said.
“It’s still a bargaih hunter’s mentality because we’red not breaking out of the plateau we’re in and probably won’g for another three months.” Select industriex are likely to prosper, he said, citingv the race in small computer devicez suchas BlackBerry, Palm and iPhone. Experts point to however, for a significant improvement inmajorf areas, including housing, Blankenship said. Stocko price close June 30, 6-month change, 18-month changew (NYSE:RSG): $24.37, -1.7%, -20% (Nasdaq:FSLR): $162.15, 18%, -39% P.F. Chang’ss China Bistro (Nasdaq:PFCB): $31.96, 53%, 40% (NYSE:VVI): $17.22, -45% (NYSE:PCU): $20.39, 28%, -37% $21.
02, 15%, -40% (NYSE:LCC): $2.42, -69%, -84% (Nasdaq:PETM): 17%, -8.1% (Nasdaq:NSIT): $9.66, 40%, -47% Meritage Homezs Corp. (NYSE:MTH): $18.86, 55%, 29% (NYSE:PNW): $30.15, -23% Amkor Technology Inc. (Nasdaq:AMKR): $4.72, -45% Apollo Group Inc. (Nasdaq:APOL): $71.12, 1.4% (Nasdaq:UHAL): $37.15, 7.6%, -43% ON Semiconductor Corp. (Nasdaq:ONNN): $6.86, 102%, -23% (Nasdaq:MESA): -62%, -97% (NYSE:UNS): -8.6%, -12% (Nasdaq:MCHP): $22.55, 18%, -24% Cleatr Channel Outdoor (NYSE:CCO): $5.30, -14%, -81% (NYSE:RRR): -21%, -46% Freeport McMoRan Coppetr & Gold (NYSE:FCX): $50.
11, 105%, -50%
Monday, June 11, 2012
Republic purchase of Frontier approved - Wichita Business Journal:
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Under a plan announced June 22, Indianapolis-based Republif Airways (NASDAQ: RJET) would pay $109 millionj to buy Denver-based Frontier’s equity. Frontied would become a wholly-owneed subsidiary of Republic. The company said last monthh that it does not expec any immediate changes in company employment or routes as a result of the plan and that Frontierd would continue to fly undef itsown name. But Frontier, which has two dailyg flights outof Wichita's Mid-Continent Airport, has not said whethere it would keep its headquarters in and a June company statement hintef that some staff cuts are possible.
Frontief filed its proposed reorganization plan with the of the Southerj District ofNew York. Judge Robertf Drain approved the proposal after a hearingMondagy morning. “We are pleased with the ruling todayt and look forward to continuing the procesxs towardour emergence,” said Steve Snyder, corporats communications director for Frontier. The decision sets into placer a month-long auction process in which other companiess will have the chance tooutbidc Republic. Interested bidders must submif initial proposalsby Aug. 3 and a finakl proposal by Aug. 10.
Frontiet will conduct an auction the next day to determinew whether it willaccept Republic’s investment agreement or whethert it will terminate it and accept what it considers a higherf or otherwise better bid from someonre else. Airline consultant Mike Boyd said in June that he did not expectt anyone to try to outbid Republixfor Frontier. If that were to happen, any higheer bid likely would comefrom Dallas-basedr , which is in direct competition with Frontie r for passengers, he said. Frontieer is the second-largest carrier at DIA, whiles Southwest is third.
United Airlinea is the largest carrier at the Assuming no higher bidsare offered, the bankruptchy court would then sign off on the reorganization plan. Frontier fileds for Chapter 11 in Aprik 2008 after ofGreenwoode Village, its credit card began holding back 100 percent, rathere than 45 percent, of Frontier’s credif card transactions. After the filing, the airline begam a 14-month process of trimming fat from its selling off unneeded jets and becoming more Largely because ofthose efforts, Frontiere has posted seven straightr months of profit.
It recently reported a “loadd factor” -- the percentage of its seats filled withpassengere -- of 89 percent, with 90 percent considerecd a positive benchmark in the industry. Republic Airlinez is one of Frontier’zs major unsecured creditors, having filed a $260 million damags claim for Frontier’s breaking an agreementt with Republic to operate regional jet service afte Frontier filed forbankruptcy protection.
Republic Airlinexs had signed a 13-year agreement with Frontier in Januaruy 2007 to operate 17 planesfor Frontier’ s regional jet service, but that deal was the firstr contract Frontier sought to break after its bankruptcy Even at the time, Republic Airways Holdinges CEO Bryan Bedford complimented Frontier, saying the companh had enjoyed its partnership with the airline and had a lot of respect for its people. In Augusy 2008, Republic Airways Holdings, Crediyt Suisse Securities of New York and AQR Capitak of Connecticut offered Frontier animmediate $30 millionn in working capital with the possibility of another $45 million in the future.
In Marchy of this year, Frontier received a commitmenffor $40 million in post-petition debtor-in-possessiom (DIP) financing from Republic Airwayxs Holdings to support its working additional capital needs. As part of that Frontier agreed toallow Republic’s damagse claim in the amount of $150 million. Monday’ss approved reorganization plan callsfor Frontier’s generalp unsecured creditors to receive $28.75 million in with an additional $40 millioj of the sale proceeds applied as repaymengt of the outstanding DIP loan.
If approved, the company’ss current equity would be extinguished and holder s of that equity would not receiveany “This agreement represents a major mileston e in our ongoing efforts to position Frontier to emerge from bankruptcyg as a competitive, sustainable airline,” Frontier Presidenr and CEO Sean Menke said last month.
Under a plan announced June 22, Indianapolis-based Republif Airways (NASDAQ: RJET) would pay $109 millionj to buy Denver-based Frontier’s equity. Frontied would become a wholly-owneed subsidiary of Republic. The company said last monthh that it does not expec any immediate changes in company employment or routes as a result of the plan and that Frontierd would continue to fly undef itsown name. But Frontier, which has two dailyg flights outof Wichita's Mid-Continent Airport, has not said whethere it would keep its headquarters in and a June company statement hintef that some staff cuts are possible.
Frontief filed its proposed reorganization plan with the of the Southerj District ofNew York. Judge Robertf Drain approved the proposal after a hearingMondagy morning. “We are pleased with the ruling todayt and look forward to continuing the procesxs towardour emergence,” said Steve Snyder, corporats communications director for Frontier. The decision sets into placer a month-long auction process in which other companiess will have the chance tooutbidc Republic. Interested bidders must submif initial proposalsby Aug. 3 and a finakl proposal by Aug. 10.
Frontiet will conduct an auction the next day to determinew whether it willaccept Republic’s investment agreement or whethert it will terminate it and accept what it considers a higherf or otherwise better bid from someonre else. Airline consultant Mike Boyd said in June that he did not expectt anyone to try to outbid Republixfor Frontier. If that were to happen, any higheer bid likely would comefrom Dallas-basedr , which is in direct competition with Frontie r for passengers, he said. Frontieer is the second-largest carrier at DIA, whiles Southwest is third.
United Airlinea is the largest carrier at the Assuming no higher bidsare offered, the bankruptchy court would then sign off on the reorganization plan. Frontier fileds for Chapter 11 in Aprik 2008 after ofGreenwoode Village, its credit card began holding back 100 percent, rathere than 45 percent, of Frontier’s credif card transactions. After the filing, the airline begam a 14-month process of trimming fat from its selling off unneeded jets and becoming more Largely because ofthose efforts, Frontiere has posted seven straightr months of profit.
It recently reported a “loadd factor” -- the percentage of its seats filled withpassengere -- of 89 percent, with 90 percent considerecd a positive benchmark in the industry. Republic Airlinez is one of Frontier’zs major unsecured creditors, having filed a $260 million damags claim for Frontier’s breaking an agreementt with Republic to operate regional jet service afte Frontier filed forbankruptcy protection.
Republic Airlinexs had signed a 13-year agreement with Frontier in Januaruy 2007 to operate 17 planesfor Frontier’ s regional jet service, but that deal was the firstr contract Frontier sought to break after its bankruptcy Even at the time, Republic Airways Holdinges CEO Bryan Bedford complimented Frontier, saying the companh had enjoyed its partnership with the airline and had a lot of respect for its people. In Augusy 2008, Republic Airways Holdings, Crediyt Suisse Securities of New York and AQR Capitak of Connecticut offered Frontier animmediate $30 millionn in working capital with the possibility of another $45 million in the future.
In Marchy of this year, Frontier received a commitmenffor $40 million in post-petition debtor-in-possessiom (DIP) financing from Republic Airwayxs Holdings to support its working additional capital needs. As part of that Frontier agreed toallow Republic’s damagse claim in the amount of $150 million. Monday’ss approved reorganization plan callsfor Frontier’s generalp unsecured creditors to receive $28.75 million in with an additional $40 millioj of the sale proceeds applied as repaymengt of the outstanding DIP loan.
If approved, the company’ss current equity would be extinguished and holder s of that equity would not receiveany “This agreement represents a major mileston e in our ongoing efforts to position Frontier to emerge from bankruptcyg as a competitive, sustainable airline,” Frontier Presidenr and CEO Sean Menke said last month.
Sunday, June 10, 2012
Pauline Vermare, Marc Lesser - New York Times
uzirukynurylew.blogspot.com
Pauline Vermare, Marc Lesser New York Times Pauline Vermare and Marc David Lesser were married Saturday evening at the Ramscale Lofts, an event space in New York. Rabbi Andrea Frank officiated. Mrs. Vermare-Lesser, 33, is a curatorial assistant for the International Center of Photography in New ... |
Friday, June 8, 2012
Ernst & Young names Entrepreneur of the Year winners - Houston Business Journal:
jiqatili.wordpress.com
The winners were announcedf at an event Thursday night at the Sheratonh OverlandPark (Kan.) Hotel. Winners were selected by an independentt judging panel comprised ofregional business, academic and communituy leaders. The Central Midwest program recognizes companiew basedin Iowa, Kansas, Missouri and The 2009 winners in the Central Midwest are: • Wholesalre distribution category: Robert Reynolds Jr., president and CEO, Inc., based in St. • Service category: Peter Spanos, founder and CEO, of St. • Master category: James chairman and CEO, of Overlanxd Park, Kan. • Technology category: Augustt Grasis III, founder and chairman, of Kansaws City, Mo.
• Life sciences category: Christophedr Nelson, president of , Des Iowa. • Private equity/ventures capital backed category: Dr. Nicholas chief scientific officer, and William vice president andgeneral , Kansas City, Mo. • Consumerr products category: Alisa Shakespeare, president, , Iowa. Regional award winners will be eligible for consideration for theErnst & Young LLP Entrepreneur Of The Year 2009 nationall awards. Winners in national categories as well as the overalll nationalErnst & Young Entrepreneure Of The Year award winner will be announced Nov. 14.
The winners were announcedf at an event Thursday night at the Sheratonh OverlandPark (Kan.) Hotel. Winners were selected by an independentt judging panel comprised ofregional business, academic and communituy leaders. The Central Midwest program recognizes companiew basedin Iowa, Kansas, Missouri and The 2009 winners in the Central Midwest are: • Wholesalre distribution category: Robert Reynolds Jr., president and CEO, Inc., based in St. • Service category: Peter Spanos, founder and CEO, of St. • Master category: James chairman and CEO, of Overlanxd Park, Kan. • Technology category: Augustt Grasis III, founder and chairman, of Kansaws City, Mo.
• Life sciences category: Christophedr Nelson, president of , Des Iowa. • Private equity/ventures capital backed category: Dr. Nicholas chief scientific officer, and William vice president andgeneral , Kansas City, Mo. • Consumerr products category: Alisa Shakespeare, president, , Iowa. Regional award winners will be eligible for consideration for theErnst & Young LLP Entrepreneur Of The Year 2009 nationall awards. Winners in national categories as well as the overalll nationalErnst & Young Entrepreneure Of The Year award winner will be announced Nov. 14.
Thursday, June 7, 2012
Silicon Valley / San Jose Business Journal:
ogarawo.wordpress.com
a technology and outsourcing company focuse d on thecommunications industry, names Sudip Nandy chief executive. Palo Alto-based Aricent said Nandyg will also jointhe board. He replaces former CEO Ash who the company said resigned to pursuwother interests. Nandy was most recentluy president of the technology media and telecom business unit at WiproiTechnologies Ltd. Apieron Inc. named Holly McGarraugy presidentand CEO, replacintg Rich Lotti, who resigned to pursud other business interests. McGarraugh, a 20-yeare veteran of the consumer medical device joinedMenlo Park-based Apieron as vice president of marketing in Januar 2008.
She was previously vice president of worldwidw marketing at AbbottDiabetess Care. Abbott Labs formed Abbott Diabetes Care by acquirin gTheraSense Inc., a startupo where McGarraugh had been vice presidenyt of marketing and professionalo relations. OrthoMEMS Inc. named Frank L. Lordeman chiefd financial officer anda director. Menloi Park-based OrthoMEMS said Lordeman was most recentlu chief operating officer of the Clevelan d Clinic Foundation andHealth System.
a technology and outsourcing company focuse d on thecommunications industry, names Sudip Nandy chief executive. Palo Alto-based Aricent said Nandyg will also jointhe board. He replaces former CEO Ash who the company said resigned to pursuwother interests. Nandy was most recentluy president of the technology media and telecom business unit at WiproiTechnologies Ltd. Apieron Inc. named Holly McGarraugy presidentand CEO, replacintg Rich Lotti, who resigned to pursud other business interests. McGarraugh, a 20-yeare veteran of the consumer medical device joinedMenlo Park-based Apieron as vice president of marketing in Januar 2008.
She was previously vice president of worldwidw marketing at AbbottDiabetess Care. Abbott Labs formed Abbott Diabetes Care by acquirin gTheraSense Inc., a startupo where McGarraugh had been vice presidenyt of marketing and professionalo relations. OrthoMEMS Inc. named Frank L. Lordeman chiefd financial officer anda director. Menloi Park-based OrthoMEMS said Lordeman was most recentlu chief operating officer of the Clevelan d Clinic Foundation andHealth System.
Tuesday, June 5, 2012
Alimera Sciences' ILUVIEN(R) Receives Marketing Authorization in Portugal for ... - MarketWatch (press release)
humojo.wordpress.com
Proactive Investors Australia | Alimera Sciences' ILUVIEN(R) Receives Marketing Authorization in Portugal for ... MarketWatch (press release) ILUVIEN is Alimera's sustained release intravitreal implant that delivers sub-microgram levels of fluocinolone acetonide (FAc) for up to 36 months for the treatment of chronic DME. The clinical trial data showed that in patie nts with chronic DME at ... PSivida Says Portugal Grants ILUVIEN Marketing Authorization To Treat ChronicDME |
Monday, June 4, 2012
United credit card policy could foul corporate travel - Houston Business Journal:
iwibacibem.wordpress.com
San Francisco’s dominant airline informed some travel agencieds that as of July 20 it will no longe r let them process credit and debig card purchases for airlinwe ticketsusing United’s merchant-processing services. Instead, such agenciez would have to require travelers to pay with process card payments withthe agency’s own merchant processing servicew and forward the cash to Unitedr or book the tickets on United’s web site using the traveler’ws credit or debit card issues by , (NYSE: V) , MA) (NYSE: AXP) and others.
An ageng using United’s web site, bypassing such travekl systems as Apolloand Sabre, would not allow companies to capture the discountds they have negotiated with Unitedf nor would it allow their travel agent to surveyt several carriers on a route to find the lowestf price. “Several Bay Area companies have deala with United Airlines for saidMarc Casto, president of Casto Travel, which isn’t amongv the agencies that United has cut off from its merchant-processint service.
Casto says he’s reached out to some of the firm’x corporate clients to express concernjover United’s new card acceptance policy, but decline to discuss what was said in those conversations. United Airlinew (NASDAQ: UAUA) did not responsd to requests for comment. United is hoping to shift the cost of accepting creditg and debit cards onto selectedtravel agencies. Thos e agencies say the airline’s move shifts to them the risk for payinvg out refunds if the carriergoes bankrupt.
While it’s also likelu to reduce the amount of money that Unites has to keep in the bank to guardsagainst charge-backs, it woulds increase those requirements for the travel That’s a nonstarter for most agencies — and thei r banks, which would have to honor charge-backk requests that could total billion of dollars in the eventt of an airline bankruptcy. “I don’t think there’s any travek agency, including American Express that could shoulder that Casto said.
San Francisco’s dominant airline informed some travel agencieds that as of July 20 it will no longe r let them process credit and debig card purchases for airlinwe ticketsusing United’s merchant-processing services. Instead, such agenciez would have to require travelers to pay with process card payments withthe agency’s own merchant processing servicew and forward the cash to Unitedr or book the tickets on United’s web site using the traveler’ws credit or debit card issues by , (NYSE: V) , MA) (NYSE: AXP) and others.
An ageng using United’s web site, bypassing such travekl systems as Apolloand Sabre, would not allow companies to capture the discountds they have negotiated with Unitedf nor would it allow their travel agent to surveyt several carriers on a route to find the lowestf price. “Several Bay Area companies have deala with United Airlines for saidMarc Casto, president of Casto Travel, which isn’t amongv the agencies that United has cut off from its merchant-processint service.
Casto says he’s reached out to some of the firm’x corporate clients to express concernjover United’s new card acceptance policy, but decline to discuss what was said in those conversations. United Airlinew (NASDAQ: UAUA) did not responsd to requests for comment. United is hoping to shift the cost of accepting creditg and debit cards onto selectedtravel agencies. Thos e agencies say the airline’s move shifts to them the risk for payinvg out refunds if the carriergoes bankrupt.
While it’s also likelu to reduce the amount of money that Unites has to keep in the bank to guardsagainst charge-backs, it woulds increase those requirements for the travel That’s a nonstarter for most agencies — and thei r banks, which would have to honor charge-backk requests that could total billion of dollars in the eventt of an airline bankruptcy. “I don’t think there’s any travek agency, including American Express that could shoulder that Casto said.
Saturday, June 2, 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Minneapolis / St. Paul Business Journal:
opexibu.wordpress.com
Government officials said word began swirlingh in the community Thursday thatNCR (NYSE: NCR) is planningh to move its headquarters and 1,300 employees to the Atlanta area and make an announcementf about the move this week. NCR Global Spokesperso n Richard Maton, speaking by phonr Saturday from London, confirmed that an efforrt was made forOhio Gov. Ted Stricklanr and NCR Chief Executives Officer Bill Nutito speak, howeve they were not able to connect. Strickland’w spokesperson said Saturday that heis “continuing to reacbh out to the company to have a direcgt conversation.
” When asked about NCR possibly moving its headquarters out of Dayton, Maton said the companyy does not respond to rumors and speculation. NCR Corporate Spokesperson Alan Ulmam responded to questionsabout NCR’s plans with an e-maip message Saturday that read: “We have no announcement In the past, NCR has been quick to deny rumors of its relocatioj and affirm its commitment to remaining in Dayton. The has repeatedlgy sought information from the companysince Thursday, but NCR had not respondee to their requests as of Friday a development department spokesperson said.
Montgomeryt County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiplescompany officials, via to respond to the rumors, but has yet to receives any information. Foley said he, along with other county, statee and city of Dayton have met with NCR representativees in the past in an efforr tosafeguard NCR’s local jobs. “All that said, nobodyh has confirmed to me that their statuwhas changed,” Foley said Saturday. “I have to assums that -- I I very much hope -- they are stayinv in Dayton, because our citizenzs have helped build that company up tobe world-class and will continue to do so.
” Rumors have long circulated that the company would move, however multiple government and economif development officials said they reached a new leveo in the past few days. NCR is said to be seekinyg about 100,000 square feet of office spacein Georgia, . NCR is believedx to have looked at sitesin Savannah, and Ga. Based on the squard footage estimates, the operation could housr about 300 to400 people, according to real estater sources.
Georgia government and economic developmeny officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwide Customert Services headquarters to an Atlantwa suburb, investing $15 million and creating more than 900 jobs in the suburbws of Peachtree City and Deluth. The state of Georgisa provided morethan $8 million in incentives, accordingt to officials. NCR, founded locallty in 1884, is the Dayton region’s secons largest company, with 20,000 globaol employees and $5.3 billion in revenue in 2008. The which sells ATMs and retaiplautomation systems, is Dayton’s lone remaining Fortune 500 company.
At one time, the companty had more than 18,000 employeees in the Dayton area, but that number has dwindled during the past several As recently as twoyears ago, NCR had abouyt 2,000 Dayton employees. That number has declined by abouyt 700 workers in the past several In 2007, NCR announced it was relocating its executive offices to New York City and leasingy an entire floor of the 7 World Tradwe Center building. But, on paper, its headquarters remained in Dayton.
In March, the company also told employees it is undergoing a structura reorganization and would cut an unknown amount of its global Thatsame month, the company removed the languagre “world headquarters” from the sign at its Dayton campus, though it said at the time it was just
Government officials said word began swirlingh in the community Thursday thatNCR (NYSE: NCR) is planningh to move its headquarters and 1,300 employees to the Atlanta area and make an announcementf about the move this week. NCR Global Spokesperso n Richard Maton, speaking by phonr Saturday from London, confirmed that an efforrt was made forOhio Gov. Ted Stricklanr and NCR Chief Executives Officer Bill Nutito speak, howeve they were not able to connect. Strickland’w spokesperson said Saturday that heis “continuing to reacbh out to the company to have a direcgt conversation.
” When asked about NCR possibly moving its headquarters out of Dayton, Maton said the companyy does not respond to rumors and speculation. NCR Corporate Spokesperson Alan Ulmam responded to questionsabout NCR’s plans with an e-maip message Saturday that read: “We have no announcement In the past, NCR has been quick to deny rumors of its relocatioj and affirm its commitment to remaining in Dayton. The has repeatedlgy sought information from the companysince Thursday, but NCR had not respondee to their requests as of Friday a development department spokesperson said.
Montgomeryt County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiplescompany officials, via to respond to the rumors, but has yet to receives any information. Foley said he, along with other county, statee and city of Dayton have met with NCR representativees in the past in an efforr tosafeguard NCR’s local jobs. “All that said, nobodyh has confirmed to me that their statuwhas changed,” Foley said Saturday. “I have to assums that -- I I very much hope -- they are stayinv in Dayton, because our citizenzs have helped build that company up tobe world-class and will continue to do so.
” Rumors have long circulated that the company would move, however multiple government and economif development officials said they reached a new leveo in the past few days. NCR is said to be seekinyg about 100,000 square feet of office spacein Georgia, . NCR is believedx to have looked at sitesin Savannah, and Ga. Based on the squard footage estimates, the operation could housr about 300 to400 people, according to real estater sources.
Georgia government and economic developmeny officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwide Customert Services headquarters to an Atlantwa suburb, investing $15 million and creating more than 900 jobs in the suburbws of Peachtree City and Deluth. The state of Georgisa provided morethan $8 million in incentives, accordingt to officials. NCR, founded locallty in 1884, is the Dayton region’s secons largest company, with 20,000 globaol employees and $5.3 billion in revenue in 2008. The which sells ATMs and retaiplautomation systems, is Dayton’s lone remaining Fortune 500 company.
At one time, the companty had more than 18,000 employeees in the Dayton area, but that number has dwindled during the past several As recently as twoyears ago, NCR had abouyt 2,000 Dayton employees. That number has declined by abouyt 700 workers in the past several In 2007, NCR announced it was relocating its executive offices to New York City and leasingy an entire floor of the 7 World Tradwe Center building. But, on paper, its headquarters remained in Dayton.
In March, the company also told employees it is undergoing a structura reorganization and would cut an unknown amount of its global Thatsame month, the company removed the languagre “world headquarters” from the sign at its Dayton campus, though it said at the time it was just
Friday, June 1, 2012
N.C. law extends COBRA enrollment - The Business Review (Albany):
omagyvoham.wordpress.com
The law extends the enrollmentg period to 120 days from 60 The coverage, often called “mini-COBRA,” will ultimatelt allow employees to receive the federal stimulusz package’s 65 percent COBRA premium subsidy. Laid-off personnelk must have worked at small businessed with fewer than20 employees. “Because of this legislatiojn and the federal premium more North Carolinians who have been laid off will be able to maintain theirinsurance coverage,” says N.C. Insurancee Commissioner Wayne Goodwin.
“We hear from a lot of consumers who unfortunatelty have chosen not to extend theidr coverage through COBRAor mini-COBRA because it is simplty too expensive or they missed the electiom period.” COBRA gives workers and their families the option to continue group health benefits for limitec periods of time under certain circumstances. Under federalk law, COBRA generally applies to companiews with 20 ormore employees, and workerd may be charged up to 102 percentt of the full health insurance premium.
Insurancs companies of small employers — those who have fewer than 20 employeez — are required to offere continuation coverage underNorth Carolina’w Group Health Insurance Continuation laws. The federal stimulus packagew contains two provisions that expand the benefit s available to employees whose jobs have been It extends the election period for eligible employeesx to determine whether they wish to enrol in the federalCOBRA program. The new N.C. law providesd the same extended election periosfor mini-COBRA in North Carolina.
The federal packag e also provides a subsidy that pays for 65 percent of the premium for both COBRAand mini-COBR A recipients who were laid off between Sept. 1, and Dec. 31, 2009. Depending on the size of the formefr employer, either the employer or the insurance providef fronts 65 percent of the premiumj amount and then recoups that expense throughn federal payrolltax credits. Workers are responsible for the remainin g 35 percent ofthe premium.
The law extends the enrollmentg period to 120 days from 60 The coverage, often called “mini-COBRA,” will ultimatelt allow employees to receive the federal stimulusz package’s 65 percent COBRA premium subsidy. Laid-off personnelk must have worked at small businessed with fewer than20 employees. “Because of this legislatiojn and the federal premium more North Carolinians who have been laid off will be able to maintain theirinsurance coverage,” says N.C. Insurancee Commissioner Wayne Goodwin.
“We hear from a lot of consumers who unfortunatelty have chosen not to extend theidr coverage through COBRAor mini-COBRA because it is simplty too expensive or they missed the electiom period.” COBRA gives workers and their families the option to continue group health benefits for limitec periods of time under certain circumstances. Under federalk law, COBRA generally applies to companiews with 20 ormore employees, and workerd may be charged up to 102 percentt of the full health insurance premium.
Insurancs companies of small employers — those who have fewer than 20 employeez — are required to offere continuation coverage underNorth Carolina’w Group Health Insurance Continuation laws. The federal stimulus packagew contains two provisions that expand the benefit s available to employees whose jobs have been It extends the election period for eligible employeesx to determine whether they wish to enrol in the federalCOBRA program. The new N.C. law providesd the same extended election periosfor mini-COBRA in North Carolina.
The federal packag e also provides a subsidy that pays for 65 percent of the premium for both COBRAand mini-COBR A recipients who were laid off between Sept. 1, and Dec. 31, 2009. Depending on the size of the formefr employer, either the employer or the insurance providef fronts 65 percent of the premiumj amount and then recoups that expense throughn federal payrolltax credits. Workers are responsible for the remainin g 35 percent ofthe premium.
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