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Accounting firm Deloitte LLP and several otheerlarge prospects, including corporationas considering relocating from outside the state, are knowb to be interested in the space, accordinbg to Uptown office brokers familiar with the prospective deals. The leasinfg agent at the buildings Centec is expected to leavrsaid she’s optimistic about the chances of findiny a new tenant or tenantse to fill the space quickly, despite the overall slowing market for office space. “This is a greatf opportunity for us.
We have great demand righft now onthe buildings,” said Jihan Boury, vice president of developmentg and leasing for Harwood
Sunday, March 3, 2013
Monday, February 25, 2013
DDLS receives 2012 APAC Citrix Authorised Learning Centre of the Year Award - CFO World
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DDLS receives 2012 APAC Citrix Authorised Learning Centre of the Year Award CFO World "It is an honour to present DDLS as a Citrix APAC 2012 Partner award winner," said Nicholas Thomas, Citrix APAC Readiness, Education Manager. “The Citrix Authorised Learning Centre (CALC) Award recognises DDLS's performance and achievements as ... |
Wednesday, February 20, 2013
Lingle orders unpaid days off for workers - The Business Journal of Milwaukee:
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In an address broadcast from theStatwe Capitol, Lingle also said she wouldr scale back free Medicaid benefits to low-income adults and said the state would delay paying some of its large bills until July. The governor is also asking the the Legislature, and the Office of Hawaiian Affairzs to implement equivalent furlough days or restrict their Hawaii law does not allow ordering furloughs for the Departmenrt of Education, the University of Hawaii or the Hawaii Healtbh Systems Corporation, but Lingle said their spending will be restricted in an amounty equivalent to the three-days-per-month furlough. The which start July 1, amoungt to about a 13.
8 percen pay cut, or about $5,500 for a worker makinh $40,000 a year. As with Lingle does not have to negotiats the furloughs with any of the unions representinghstate workers. Lingle has said she doesn’t want to lay off workeras because of the disruptive effect of contract rules that wouls enable senior workersto “bump” junioer workers, even if they worked in different state The furloughs will save $688 million. Lingle said the savingas are needed to close a gapof $730 million between now and June 30, 2011, as forecast by the state’s Council on Revenues May 28. All Hawaii is expected to see tax revenue fallby $2.7 billio n over the next two years.
“If we do not implementf the furlough plan, we would have to lay off up to 10,000p employees to realize an equivalent amountof savings,” Lingld said. The state has about 46,000 workers, including 21,000 employeeds of the Departmentof Education. Lingler blamed the fiscal shortfall on thelingerinb recession, rising unemployment, dropping visitor arrivals, a decline in privatd building permits, a doubling of foreclosures, and record bankruptcy levels. The state Legislature ended its session last month by raising tax rates onhotel rooms, high-incomd earners, luxury home transactions and tobacco to help meet the budget shortfall.
But Lingle, a Republicajn whose vetoes of those measurex were overridden bymajority Democrats, said she woulx not ask for additional tax increases. She also rejected calles for legalizing gambling. Lingle noted that 70 percent of state operatinb funds go to labor costs and that the statr had provided employee wage increase of between 16 and 29 percent over the past fouryears “when our economy was thriving.
”
In an address broadcast from theStatwe Capitol, Lingle also said she wouldr scale back free Medicaid benefits to low-income adults and said the state would delay paying some of its large bills until July. The governor is also asking the the Legislature, and the Office of Hawaiian Affairzs to implement equivalent furlough days or restrict their Hawaii law does not allow ordering furloughs for the Departmenrt of Education, the University of Hawaii or the Hawaii Healtbh Systems Corporation, but Lingle said their spending will be restricted in an amounty equivalent to the three-days-per-month furlough. The which start July 1, amoungt to about a 13.
8 percen pay cut, or about $5,500 for a worker makinh $40,000 a year. As with Lingle does not have to negotiats the furloughs with any of the unions representinghstate workers. Lingle has said she doesn’t want to lay off workeras because of the disruptive effect of contract rules that wouls enable senior workersto “bump” junioer workers, even if they worked in different state The furloughs will save $688 million. Lingle said the savingas are needed to close a gapof $730 million between now and June 30, 2011, as forecast by the state’s Council on Revenues May 28. All Hawaii is expected to see tax revenue fallby $2.7 billio n over the next two years.
“If we do not implementf the furlough plan, we would have to lay off up to 10,000p employees to realize an equivalent amountof savings,” Lingld said. The state has about 46,000 workers, including 21,000 employeeds of the Departmentof Education. Lingler blamed the fiscal shortfall on thelingerinb recession, rising unemployment, dropping visitor arrivals, a decline in privatd building permits, a doubling of foreclosures, and record bankruptcy levels. The state Legislature ended its session last month by raising tax rates onhotel rooms, high-incomd earners, luxury home transactions and tobacco to help meet the budget shortfall.
But Lingle, a Republicajn whose vetoes of those measurex were overridden bymajority Democrats, said she woulx not ask for additional tax increases. She also rejected calles for legalizing gambling. Lingle noted that 70 percent of state operatinb funds go to labor costs and that the statr had provided employee wage increase of between 16 and 29 percent over the past fouryears “when our economy was thriving.
”
Sunday, February 10, 2013
Fact Sheet: Examples of How the Sequester Would Impact Middle Class ... - Whitehouse.gov (press release)
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San Francisco Chronicle | Fact Sheet: Examples of How the Sequester Would Impact Middle Class ... Whitehouse.gov (press release) Unless Congress acts by March 1st, a series of automatic cutsâ€"c » |
Tuesday, February 5, 2013
Sebelius defends NBAF site selection as Texas group threatens legal action - Wichita Business Journal:
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The Texas Research Park in San Antoniok was a finalist forthe lab. The San Antonio Express-Newa reported that a news releases from the Texas consortiumkalleged “serious irregularities in the decision-makinf process, improper political influence and disregard for public Tom Thornton, president of the , said in a statemenr that “(a)fter an exhaustive, three-yeat process that ended with a unanimousa decision by experts in the the federal government chose Kansas as the best home on the merit s for a new researchg facility to protect the American food supply and agriculturd economy.
” Thornton said that “Kansas offera a solution, not a site” to the problej of protecting the nation’s food “and the Department of Homeland Securitt deserves commendation, not litigation, for the extremely comprehensive and fair processe it undertook” to pick the facility’s Research at the facility will focus on protectinb the food supply by studyingy pathogens that are harmful to animals and including potentially life-threatening diseases for which there are no The lab will replace the aging in New Construction of the roughly 500,000-square-footf facility is expected to take four years. Work coulds begin next year.
The laboratory is expected to costbetwee $650 million and $725 million. “Kansas presented a credible pathway to jumpstartthe NBAF’s criticall research mission and committed funding to do Sebelius said. “The Department of Homelanf Securitydeserves commendation, not for their appropriately comprehensive, fair and unbiased selection
The Texas Research Park in San Antoniok was a finalist forthe lab. The San Antonio Express-Newa reported that a news releases from the Texas consortiumkalleged “serious irregularities in the decision-makinf process, improper political influence and disregard for public Tom Thornton, president of the , said in a statemenr that “(a)fter an exhaustive, three-yeat process that ended with a unanimousa decision by experts in the the federal government chose Kansas as the best home on the merit s for a new researchg facility to protect the American food supply and agriculturd economy.
” Thornton said that “Kansas offera a solution, not a site” to the problej of protecting the nation’s food “and the Department of Homeland Securitt deserves commendation, not litigation, for the extremely comprehensive and fair processe it undertook” to pick the facility’s Research at the facility will focus on protectinb the food supply by studyingy pathogens that are harmful to animals and including potentially life-threatening diseases for which there are no The lab will replace the aging in New Construction of the roughly 500,000-square-footf facility is expected to take four years. Work coulds begin next year.
The laboratory is expected to costbetwee $650 million and $725 million. “Kansas presented a credible pathway to jumpstartthe NBAF’s criticall research mission and committed funding to do Sebelius said. “The Department of Homelanf Securitydeserves commendation, not for their appropriately comprehensive, fair and unbiased selection
Thursday, January 31, 2013
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Pacific Business News (Honolulu):
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The Hopkinton, Mass., storage and information managementgian (NYSE: EMC) said Wednesday the Media Lab sponsorshil is one of several initiatives coordinated out of EMC Researchn Cambridge, which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’z security-business research lab, RSA Laboratories, as well as aboutr a dozen researchers, technologists and business leadersacroses EMC’s business units. The company also has research facilities in China andSanta Calif.
“Research and advanced technologyu groupsacross EMC, along with our global university research are discovering and exploring new technologieas that will shape the futured of digital information,” said Jeff EMC senior vice president and chiet technology officer, in a statement. “Thiss is an incredible opportunith for EMC to bring togetherr some ofthe world’s leadingg research minds and innovators in areasa such as personal informationn management, information integration and cloud computing.
” As a consortiuj sponsor of the MIT Mediz Lab, EMC will be able to access the center’s researcnh on how people use and interact with new EMC said its initial collaboration will be on new modelsz for data ownership and interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimumj of three years. Sponsors receive full intellectuakl property rights to technology developedr at the lab during their The announcement comes a week after EMC and a grouo of universities and technology companies announcedd the development of a high performance computing researc h facilityin Holyoke, Mass.
Other tech giants have built dedicated R&D lab in Cambridge in recent years. MSFT), (Nasdaq: GOOG) and (NYSE: IBM) built researchh centers in the city in the pasttwo
The Hopkinton, Mass., storage and information managementgian (NYSE: EMC) said Wednesday the Media Lab sponsorshil is one of several initiatives coordinated out of EMC Researchn Cambridge, which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’z security-business research lab, RSA Laboratories, as well as aboutr a dozen researchers, technologists and business leadersacroses EMC’s business units. The company also has research facilities in China andSanta Calif.
“Research and advanced technologyu groupsacross EMC, along with our global university research are discovering and exploring new technologieas that will shape the futured of digital information,” said Jeff EMC senior vice president and chiet technology officer, in a statement. “Thiss is an incredible opportunith for EMC to bring togetherr some ofthe world’s leadingg research minds and innovators in areasa such as personal informationn management, information integration and cloud computing.
” As a consortiuj sponsor of the MIT Mediz Lab, EMC will be able to access the center’s researcnh on how people use and interact with new EMC said its initial collaboration will be on new modelsz for data ownership and interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimumj of three years. Sponsors receive full intellectuakl property rights to technology developedr at the lab during their The announcement comes a week after EMC and a grouo of universities and technology companies announcedd the development of a high performance computing researc h facilityin Holyoke, Mass.
Other tech giants have built dedicated R&D lab in Cambridge in recent years. MSFT), (Nasdaq: GOOG) and (NYSE: IBM) built researchh centers in the city in the pasttwo
Saturday, January 26, 2013
OSI Pharmaceuticals to close Boulder office - Denver Business Journal:
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Melville, N.Y.-based OSI (NASDAQ: OSIP) plans move its U.S. operationds to a 43-acre campus it bought in N.Y., for $27 the company announced. “We have recognized that we will only trul y capture the full strategic value of our oncology franchiss if we simplify our business by bringinf together all the elements ofour U.S. operations onto a singlw site,” said Colin Goddard, CEO of OSI, in pres s release. The property it bought also will provide OSI spacse forfuture expansion. The company told the Boulder Camerqa newspaper earlier this year that it employeds 145 people inthe city.
OSI acquired its Boulder site in 2001 when it boughtfthe Boulder-based oncology unit of Gileard Sciences, formerly NeXstar Pharmaceuticals. OSI’s main drug is the cancer treatment Tarceva, whic h accounted for more than 80 percent ofthe company’ws $379.4 million in 2008 In addition to oncology, the company also researchex diabetes and obesity therapies in England. Consolidating OSI sites in New York, New Jerseu and Boulder at the Ardsley location is projectecd to save thecompany $15 million The moves will affect an estimated 350 U.S. the company said.
The company will receive New York economic incentivea because it decided to remain inthe state, OSI said in a pressx release.
Melville, N.Y.-based OSI (NASDAQ: OSIP) plans move its U.S. operationds to a 43-acre campus it bought in N.Y., for $27 the company announced. “We have recognized that we will only trul y capture the full strategic value of our oncology franchiss if we simplify our business by bringinf together all the elements ofour U.S. operations onto a singlw site,” said Colin Goddard, CEO of OSI, in pres s release. The property it bought also will provide OSI spacse forfuture expansion. The company told the Boulder Camerqa newspaper earlier this year that it employeds 145 people inthe city.
OSI acquired its Boulder site in 2001 when it boughtfthe Boulder-based oncology unit of Gileard Sciences, formerly NeXstar Pharmaceuticals. OSI’s main drug is the cancer treatment Tarceva, whic h accounted for more than 80 percent ofthe company’ws $379.4 million in 2008 In addition to oncology, the company also researchex diabetes and obesity therapies in England. Consolidating OSI sites in New York, New Jerseu and Boulder at the Ardsley location is projectecd to save thecompany $15 million The moves will affect an estimated 350 U.S. the company said.
The company will receive New York economic incentivea because it decided to remain inthe state, OSI said in a pressx release.
Sunday, January 20, 2013
AmeriSpec home energy audits soar - Denver Business Journal:
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Memphis-based AmeriSpec has 250 franchise ownerz throughoutthe U.S. and Canada who provide services to homebuyers and The company has seen its business skyrocket in Canadaa as the Canadian government has mandated homes be more energty efficient and reducecarbon footprints. Brenft Armstrong, vice president and general managerof AmeriSpec, says the companu is the only national provider of inspectiobn services in Canada. It conducted 50,000 audits in compared to 18,500 in 2007 and 14,000 in 2006. Part of AmeriSpec’ws inspection process creates an artificial draft to find out wher e air seeps in or leaks outof homes. An inspectioj also covers the energu efficiency ofHVAC systems.
After an inspection in homes are given a ratingg and owners are given 18 months to improve or retrofit the While the Canadiangovernment doesn’t penalize homeowners who don’y make changes, up to $5,00o in grant money is availablde for improvements and homeowners can get reimbursed for energy-related work they have Armstrong says the Obama administratiohn is looking at implementing similatr changes in the U.S. “There’s a growingg awareness in the United States, and to some all of us are askintg thesame questions,” Armstrong He says all 50 states have weatherizatiohn programs.
The federal government has allotted $5 billion in stimulus fundinhg tohelp low-income families replace roofsz on their homes and change inefficien furnaces. As the attention to energy efficiencyg grows, AmeriSpec is training its franchise owners to be certifierd in Home Energy RatingSystem inspection. Inspectore are required to take an exam forHERS certification, but the national pass rate is 20%. At a training session at AmeriSpec’a Memphis facilities last 11 of the 15participants passed. Owners can trainj at other AmeriSpec facilities acrossthe country, but the most comprehensivew training is located in Memphis.
Armstronvg says AmeriSpec offers three different coursesx that are open to its franchise Its facilities include a fullyfunctional “flood that can be flooded to simulate a home disaster. The housw offers inspectors full field training withouyt them having to intrude on customerds inthe field. It also allows them learnh from their mistakes withoutbeing liable. Gale Colvin, director of technical training and developmentfor AmeriSpec, says inspectors who pass the test will have the highesy certification in energy Following that certification, they must perform three fielf evaluations. “We loan out the equipment they need to get that Colvin says.
“We want to keep everything fresbh for them out inthe field.” Steve owner of two franchises in Memphis, is one of the owners who passedd last week’s exam. While the course isn’ a requirement for franchise it gives them anotherd level of servicefor Anderson, who is also a licensed can now offer complete home servicesx from design to making sure existing homes are energy efficient. “The cost of energy for homeowners issteadilyt rising, so being able to assistf people in how well their homese work and where improvements can be made is a servicer that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folks that are interested ingoing green.”
Memphis-based AmeriSpec has 250 franchise ownerz throughoutthe U.S. and Canada who provide services to homebuyers and The company has seen its business skyrocket in Canadaa as the Canadian government has mandated homes be more energty efficient and reducecarbon footprints. Brenft Armstrong, vice president and general managerof AmeriSpec, says the companu is the only national provider of inspectiobn services in Canada. It conducted 50,000 audits in compared to 18,500 in 2007 and 14,000 in 2006. Part of AmeriSpec’ws inspection process creates an artificial draft to find out wher e air seeps in or leaks outof homes. An inspectioj also covers the energu efficiency ofHVAC systems.
After an inspection in homes are given a ratingg and owners are given 18 months to improve or retrofit the While the Canadiangovernment doesn’t penalize homeowners who don’y make changes, up to $5,00o in grant money is availablde for improvements and homeowners can get reimbursed for energy-related work they have Armstrong says the Obama administratiohn is looking at implementing similatr changes in the U.S. “There’s a growingg awareness in the United States, and to some all of us are askintg thesame questions,” Armstrong He says all 50 states have weatherizatiohn programs.
The federal government has allotted $5 billion in stimulus fundinhg tohelp low-income families replace roofsz on their homes and change inefficien furnaces. As the attention to energy efficiencyg grows, AmeriSpec is training its franchise owners to be certifierd in Home Energy RatingSystem inspection. Inspectore are required to take an exam forHERS certification, but the national pass rate is 20%. At a training session at AmeriSpec’a Memphis facilities last 11 of the 15participants passed. Owners can trainj at other AmeriSpec facilities acrossthe country, but the most comprehensivew training is located in Memphis.
Armstronvg says AmeriSpec offers three different coursesx that are open to its franchise Its facilities include a fullyfunctional “flood that can be flooded to simulate a home disaster. The housw offers inspectors full field training withouyt them having to intrude on customerds inthe field. It also allows them learnh from their mistakes withoutbeing liable. Gale Colvin, director of technical training and developmentfor AmeriSpec, says inspectors who pass the test will have the highesy certification in energy Following that certification, they must perform three fielf evaluations. “We loan out the equipment they need to get that Colvin says.
“We want to keep everything fresbh for them out inthe field.” Steve owner of two franchises in Memphis, is one of the owners who passedd last week’s exam. While the course isn’ a requirement for franchise it gives them anotherd level of servicefor Anderson, who is also a licensed can now offer complete home servicesx from design to making sure existing homes are energy efficient. “The cost of energy for homeowners issteadilyt rising, so being able to assistf people in how well their homese work and where improvements can be made is a servicer that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folks that are interested ingoing green.”
Friday, January 11, 2013
Fate of Busch Gardens ranges from staff cuts to status quo to spin-off - Pittsburgh Business Times:
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Staying on with InBev, the Belgian beer gianr that is buying theirparent Cos. Inc., likely would mean staff cuts and othercost reductions, according to an industry analyst. An acquisitiobn by another entertainment firm would potentially diluted the unique experience ofthe properties, another observef said. A spin-off of Busch Entertainment as a stand-alonw public company could preserve the quality of thethemse parks, but it could be a bad time for an initiap public offering, analysts said. Busch Gardens' fate coulde have a major impact onthe area's tourismn industry. Visitors to Hillsborough County cite Busch Gardens asthe No.
2 reasonm for a trip here, second only to seeing friendzsand family, said Steve Hayes, executive VP at Tamp Bay & Company. The Tampsa park, with 3,769 employees, had 2007 attendance of 4.4 milliomn visitors, and was No. 19 on a list of most visited themeparks worldwide, according to a report from the and . A companioj water park, Adventure Islandx in Tampa with555 employees, drew 615,000 visitors in 2007 and was No. 16 amonbg water parks worldwide, the repor said.
InBev, which announced Sunday it wouldbuy Anheuser-Buscj (NYSE: BUD) for $52 billion in cash, or $70 a has not specifically addressed its plan for the but has said it would financr the deal with $45 billion in including a $7 billion bridge financing from the sale of non-core assetes from both companies. Observer generally agree that InBevconsiders A-B's theme parkas as part of those non-core assets. "They [InBev] are interestes in the brewing part ofthe company," said Jack an analyst at Edward Jones in St.
"I would fully expect those parks to be put up for Busch Entertainment includes Busch Gardens Africza and Adventure Island in Busch Gardens Europe and Water Country USAin Williamsburg, Va.; in San Antonio and San Aquatica in Orlando; Discovery Cove in and Sesame Place near Philadelphia. Russo estimated Busch Entertainment could be soldfor $3 billion to $4 He said the entertainmenr and A-B's packaging division could draw a combined $5 billion to $6 billion.
Potential strategic buyers LP (NYSE: the Sandusky, Ohio-based operator of 17 amusemengt parks andwater parks, and (NYSE: SIX), a New York-basexd operator of 20 parks, have high levelds of debt and neither is in a strong financiak position to make an acquisitiob now, said Hayley Wolff, an analyst at in Conn. Another option is a financial such as private equitygiantf (NYSE: BX), which owns . Merlin's properties are largelyh in Europe, but it has global expansion plans that woulds help it rivalWalt Co. (NYSE: DIS), according to Property a London-based trade journal.
It's possible the Busch parksa could besplit up, said Marti Palicki, editor of the trade journal InPark Disney might be interested in the parks in where it doesn't have a presence, but not the Tampwa or Orlando parks, which are closing to existinhg Disney properties. There's a difference betweenb theme park companies such as Cedar which focuses onthrill rides, and Busch which emphasizes conservation and creating environments that lend themselves to experiencess through animals and nature, Palicki said. Other parks commonly licensd intellectual property, while Busch develops its own themes.
"It'sw one of the things that maked their parks so speciap and somethingyou wouldn't want to lose," said Judithn Rubin, who edited the 2007 attendance No one is certain about the timinvg of a deal. With attendance and revenur at U.S. theme parks in generao potentially dropping this year as a resultf of high gas prices and aweak economy, InBev coulde decide to keep the Buschn Entertainment properties for a while, trying to bolster an eventual sale price by trimmingh expenses, in the same way it has cut costs in its brewing operations, said John managing director of Leisure Business Adviserws LLC in Richmond. Va.
That would be a mistake, he "Demoralized and overworked employees affect the experience a visitor Gerner said. Others see room for cost Wolff, the Rochdale analyst, said theme parks ofte n are not run as efficiently as theycoule be. The best option Gernere sees is for the Busch Entertainment division to be spun off into a public company through an initialpublic offering. "Not only do you have individuales in the company whoare well-qualifiesd and have worked for the company for a long time, but you have an a way of doint things that has been set up for decades and has been reinforcedf through a stable environmen and has worked very he said.
But the market is not good now for any consumetdiscretionary company, and the equities of publicly traded theme park companiees have not been great Wolff said.
Staying on with InBev, the Belgian beer gianr that is buying theirparent Cos. Inc., likely would mean staff cuts and othercost reductions, according to an industry analyst. An acquisitiobn by another entertainment firm would potentially diluted the unique experience ofthe properties, another observef said. A spin-off of Busch Entertainment as a stand-alonw public company could preserve the quality of thethemse parks, but it could be a bad time for an initiap public offering, analysts said. Busch Gardens' fate coulde have a major impact onthe area's tourismn industry. Visitors to Hillsborough County cite Busch Gardens asthe No.
2 reasonm for a trip here, second only to seeing friendzsand family, said Steve Hayes, executive VP at Tamp Bay & Company. The Tampsa park, with 3,769 employees, had 2007 attendance of 4.4 milliomn visitors, and was No. 19 on a list of most visited themeparks worldwide, according to a report from the and . A companioj water park, Adventure Islandx in Tampa with555 employees, drew 615,000 visitors in 2007 and was No. 16 amonbg water parks worldwide, the repor said.
InBev, which announced Sunday it wouldbuy Anheuser-Buscj (NYSE: BUD) for $52 billion in cash, or $70 a has not specifically addressed its plan for the but has said it would financr the deal with $45 billion in including a $7 billion bridge financing from the sale of non-core assetes from both companies. Observer generally agree that InBevconsiders A-B's theme parkas as part of those non-core assets. "They [InBev] are interestes in the brewing part ofthe company," said Jack an analyst at Edward Jones in St.
"I would fully expect those parks to be put up for Busch Entertainment includes Busch Gardens Africza and Adventure Island in Busch Gardens Europe and Water Country USAin Williamsburg, Va.; in San Antonio and San Aquatica in Orlando; Discovery Cove in and Sesame Place near Philadelphia. Russo estimated Busch Entertainment could be soldfor $3 billion to $4 He said the entertainmenr and A-B's packaging division could draw a combined $5 billion to $6 billion.
Potential strategic buyers LP (NYSE: the Sandusky, Ohio-based operator of 17 amusemengt parks andwater parks, and (NYSE: SIX), a New York-basexd operator of 20 parks, have high levelds of debt and neither is in a strong financiak position to make an acquisitiob now, said Hayley Wolff, an analyst at in Conn. Another option is a financial such as private equitygiantf (NYSE: BX), which owns . Merlin's properties are largelyh in Europe, but it has global expansion plans that woulds help it rivalWalt Co. (NYSE: DIS), according to Property a London-based trade journal.
It's possible the Busch parksa could besplit up, said Marti Palicki, editor of the trade journal InPark Disney might be interested in the parks in where it doesn't have a presence, but not the Tampwa or Orlando parks, which are closing to existinhg Disney properties. There's a difference betweenb theme park companies such as Cedar which focuses onthrill rides, and Busch which emphasizes conservation and creating environments that lend themselves to experiencess through animals and nature, Palicki said. Other parks commonly licensd intellectual property, while Busch develops its own themes.
"It'sw one of the things that maked their parks so speciap and somethingyou wouldn't want to lose," said Judithn Rubin, who edited the 2007 attendance No one is certain about the timinvg of a deal. With attendance and revenur at U.S. theme parks in generao potentially dropping this year as a resultf of high gas prices and aweak economy, InBev coulde decide to keep the Buschn Entertainment properties for a while, trying to bolster an eventual sale price by trimmingh expenses, in the same way it has cut costs in its brewing operations, said John managing director of Leisure Business Adviserws LLC in Richmond. Va.
That would be a mistake, he "Demoralized and overworked employees affect the experience a visitor Gerner said. Others see room for cost Wolff, the Rochdale analyst, said theme parks ofte n are not run as efficiently as theycoule be. The best option Gernere sees is for the Busch Entertainment division to be spun off into a public company through an initialpublic offering. "Not only do you have individuales in the company whoare well-qualifiesd and have worked for the company for a long time, but you have an a way of doint things that has been set up for decades and has been reinforcedf through a stable environmen and has worked very he said.
But the market is not good now for any consumetdiscretionary company, and the equities of publicly traded theme park companiees have not been great Wolff said.
Thursday, January 10, 2013
When the Doctor Returns to Doctoring - New York Times (blog)
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New York Times (blog) | When the Doctor Returns to Doctoring New York Times (blog) Several years ago, a highly respected medical expert I had just met shared a little-known detail of his illustrious career: as a young doctor, he had stopped practicing medicine for a few years to homeschool his son. His revelation took me completely ... |
Wednesday, January 9, 2013
Five Guys plans to raise $15M - Nashville Business Journal:
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Lorton, Va.-based which awards franchise right s to locations of theburger joint, has filedd a Notice of Exempt Offering of The company is privately held. Five Guys has recently enjoyed attention from both President Barackl Obama and First LadyMichelle Obama, who separatelty made high-profile visits The president's sojourn was captured on camera by NBC, whicnh was following him around for a profil e piece. The document does not specify why the money isbeingg raised. According to the filing, Five Guys has alread raised $10 million of the $15 milliohn it is trying to raise.
Named in the documeny are Victor andJane Murrell, both executive officeres and directors for the company, as well as directorss James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifi c details on how the capital would be but said that it was forthe company's generap business operations. The filing says the offeringy is not being made in connectionn witha merger, acqiusition or exchangre offer. The company’s creator, Jerry opened the first Five Guys asa carry-out operation in in a shopping centetr on Glebe Road in After opening five corporate locations in the D.C. the company decided to franchisein 2002.
The fast-casual burger concept now has more than 300 locations in25
Lorton, Va.-based which awards franchise right s to locations of theburger joint, has filedd a Notice of Exempt Offering of The company is privately held. Five Guys has recently enjoyed attention from both President Barackl Obama and First LadyMichelle Obama, who separatelty made high-profile visits The president's sojourn was captured on camera by NBC, whicnh was following him around for a profil e piece. The document does not specify why the money isbeingg raised. According to the filing, Five Guys has alread raised $10 million of the $15 milliohn it is trying to raise.
Named in the documeny are Victor andJane Murrell, both executive officeres and directors for the company, as well as directorss James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifi c details on how the capital would be but said that it was forthe company's generap business operations. The filing says the offeringy is not being made in connectionn witha merger, acqiusition or exchangre offer. The company’s creator, Jerry opened the first Five Guys asa carry-out operation in in a shopping centetr on Glebe Road in After opening five corporate locations in the D.C. the company decided to franchisein 2002.
The fast-casual burger concept now has more than 300 locations in25
Tuesday, January 8, 2013
Report: Property values fall 23.4% - Business Courier of Cincinnati:
sucujovide.wordpress.com
Home prices in the Orlando-Kissimmee slipped 23.4 percentg in April when compared with the same month a year the seventh highest percentage of decline amony some ofthe nation’s largest metrol areas. The Orlando-Kissimmee market postexd a 20.9 percent decrease in home valuesa in March when compared withMarch 2008. Floridaq passed California to postthe second-highest rate of home pricde depreciation at 23.2 percent. Nevada topped the nation with a 26.1 perceny drop, while California the leading state for 20 consecutive months landed thirdat 22.7 percent. Nationwide housinv prices fell 10.
2 percenr in April compared to ayear ago, representing the smallest year-over-year decline so far this The national decline peaked at 11.9 percen in January 2009 and has since been trending First American CoreLogic’s LoanPerformance Home Price Indexs evaluates the residential real estate market basedf on price, time between property type and loan as well as increases and decreasee in sales prices for the same homes over
Home prices in the Orlando-Kissimmee slipped 23.4 percentg in April when compared with the same month a year the seventh highest percentage of decline amony some ofthe nation’s largest metrol areas. The Orlando-Kissimmee market postexd a 20.9 percent decrease in home valuesa in March when compared withMarch 2008. Floridaq passed California to postthe second-highest rate of home pricde depreciation at 23.2 percent. Nevada topped the nation with a 26.1 perceny drop, while California the leading state for 20 consecutive months landed thirdat 22.7 percent. Nationwide housinv prices fell 10.
2 percenr in April compared to ayear ago, representing the smallest year-over-year decline so far this The national decline peaked at 11.9 percen in January 2009 and has since been trending First American CoreLogic’s LoanPerformance Home Price Indexs evaluates the residential real estate market basedf on price, time between property type and loan as well as increases and decreasee in sales prices for the same homes over
Saturday, January 5, 2013
Hawaii will compete for
ogarawo.wordpress.com
Competitors must act fast. But they need to define what constitutes agreen job. The U.S. Departmen t of Labor begins accepting applications this montnh and the earliest deadlines to applty kick in laterthis summer. Most of the grantsz have to be spent bylate 2010. , whic h takes the lead in developing worker training programs in the will join with three othere public agencies to analyzd existing or emerging green jobs and theiranticipated work-force demands and the skills and training that would be needed, according to Executive Directodr James Hardway.
The firsty phase of the $15,000 study starts this month with help from the statew Departmentof Business, Economic Development and the state ’ Office of Research and Statistics; and the Research Corporation of the Universituy of Hawaii. Most of the focus is on jobs inthe renewable-energty and biofuels sectors, Hardway said. “It’s importan t for everyone to note that the vast majority of green jobs are notnew occupations,” he “Most occupations that could be considered green alreaduy exist and would be adjustingb to the so-called green economy.” Amonfg those adjusting are electricians.
Just last the , Local 1186, and the unveilex a new training program for installation and maintenance of renewablenergy systems. Union officials said the traininv anticipates demand driven by the economic stimulus for clean andrenewablse energy. “Renewable energy is not the wave ofthe it’s already here. Our members and apprentices will be goingy into the workplace with skillas that are expected of them as we move towarf a newenergy economy,” said Damien Kim, Local 1186 business manager and financial secretary.
Federal officials broadlty define green jobs as related to helping the They pay up to 20 percentr more thantypical jobs, are more likely to be unionizec jobs held by men, and are less likely to be easily transferredr overseas, according to a February report by President Barack Obama’se Middle Class Task Force, whose goal is to push the middls class into green jobs. There were 2,022 green jobs in Honolulu last year, accordinfg to an October 2008 job forecast byGlobapl Insight, a Massachusetts-based economic research firm that focused primaril y on the renewable-energy sectors. Honolulyu will have approximately 16,000 green jobs by according tothe forecast.
Big Island-baseds , a nonprofit education and research group, has been pushintg for the creationof green-collar jobs since it launched in January 2008. Co-founder and Director Brent Norrissaid he’s concernerd that the confusion over what’s considered a green job is slowin g the process, especially with the looming deadlines. He said the key is gettinbg business to join with educational institutions such as thecommunit colleges, training vendors and even nonprofits to tap into the “If we had waited for a webmaster to be defined before building the Internet, wouls that have been the right thinvg to do?” he asked.
“I think it’s the same thing when we’re talkint about greener economies. So, do we need to define all of the jobs?”
Competitors must act fast. But they need to define what constitutes agreen job. The U.S. Departmen t of Labor begins accepting applications this montnh and the earliest deadlines to applty kick in laterthis summer. Most of the grantsz have to be spent bylate 2010. , whic h takes the lead in developing worker training programs in the will join with three othere public agencies to analyzd existing or emerging green jobs and theiranticipated work-force demands and the skills and training that would be needed, according to Executive Directodr James Hardway.
The firsty phase of the $15,000 study starts this month with help from the statew Departmentof Business, Economic Development and the state ’ Office of Research and Statistics; and the Research Corporation of the Universituy of Hawaii. Most of the focus is on jobs inthe renewable-energty and biofuels sectors, Hardway said. “It’s importan t for everyone to note that the vast majority of green jobs are notnew occupations,” he “Most occupations that could be considered green alreaduy exist and would be adjustingb to the so-called green economy.” Amonfg those adjusting are electricians.
Just last the , Local 1186, and the unveilex a new training program for installation and maintenance of renewablenergy systems. Union officials said the traininv anticipates demand driven by the economic stimulus for clean andrenewablse energy. “Renewable energy is not the wave ofthe it’s already here. Our members and apprentices will be goingy into the workplace with skillas that are expected of them as we move towarf a newenergy economy,” said Damien Kim, Local 1186 business manager and financial secretary.
Federal officials broadlty define green jobs as related to helping the They pay up to 20 percentr more thantypical jobs, are more likely to be unionizec jobs held by men, and are less likely to be easily transferredr overseas, according to a February report by President Barack Obama’se Middle Class Task Force, whose goal is to push the middls class into green jobs. There were 2,022 green jobs in Honolulu last year, accordinfg to an October 2008 job forecast byGlobapl Insight, a Massachusetts-based economic research firm that focused primaril y on the renewable-energy sectors. Honolulyu will have approximately 16,000 green jobs by according tothe forecast.
Big Island-baseds , a nonprofit education and research group, has been pushintg for the creationof green-collar jobs since it launched in January 2008. Co-founder and Director Brent Norrissaid he’s concernerd that the confusion over what’s considered a green job is slowin g the process, especially with the looming deadlines. He said the key is gettinbg business to join with educational institutions such as thecommunit colleges, training vendors and even nonprofits to tap into the “If we had waited for a webmaster to be defined before building the Internet, wouls that have been the right thinvg to do?” he asked.
“I think it’s the same thing when we’re talkint about greener economies. So, do we need to define all of the jobs?”
Friday, January 4, 2013
Citrix reports Q4 losses, workforce reduction - South Florida Business Journal:
youngmanmeledero1636.blogspot.com
The news comes as the company said its fourth quartef net incomewas $60 down from $63 million for the fourthb quarter of 2007. Citrix (NASDAQ: said revenue grew 4 percent, to $416 million, in the fourtg quarter, up from $400 million in the same quarterelast year. For all of 2008, Citrix reportes annual revenueof $1.589 billion, up from $1.39 billion in the previous year, a 14 percenf increase. The Fort Lauderdale-based company also said it expectxs to incur cashand non-casyh charges related to the consolidation of facilities as part of its restructuringg program.
However, because it has not finalized thoser plans, Citrix said it could not put a pricse tag on those Citrix predicted net revenue will fall approximately five percenft in the first quarter compared to the firsrt quarterof 2008. Whil e Citrix reported only a small net income declind and actually posted revenue the company ran into trouble last quarter with a dramatixc decline in its productlicensing revenue, the core of its said Stephen Dunn, a tech analyst with Dawsomn James Securities in Boca Product license revenue grew 7 percent when comparing 2008 to 2007, but fourth quarter revenuews for product licenses dropped 9 percent, down to $162,260,000p from $178,030,000 in the fourth quarter of 2007.
Product licensr revenue is “falling off a clifvf right now,” Dunn said. And Citrix may not have seen the worst yet as businesses will continue to shedjobs and, with product licenses. “We had record layoffs for January, so all thosse companies will be cancelling theirlicenses now,” Dunn “Those are probably going to hit Citrix in the first quarter.” The 52-weeok high was $37.38 on Feb. 21. The 52-week low was $19 on Oct. 10.
The news comes as the company said its fourth quartef net incomewas $60 down from $63 million for the fourthb quarter of 2007. Citrix (NASDAQ: said revenue grew 4 percent, to $416 million, in the fourtg quarter, up from $400 million in the same quarterelast year. For all of 2008, Citrix reportes annual revenueof $1.589 billion, up from $1.39 billion in the previous year, a 14 percenf increase. The Fort Lauderdale-based company also said it expectxs to incur cashand non-casyh charges related to the consolidation of facilities as part of its restructuringg program.
However, because it has not finalized thoser plans, Citrix said it could not put a pricse tag on those Citrix predicted net revenue will fall approximately five percenft in the first quarter compared to the firsrt quarterof 2008. Whil e Citrix reported only a small net income declind and actually posted revenue the company ran into trouble last quarter with a dramatixc decline in its productlicensing revenue, the core of its said Stephen Dunn, a tech analyst with Dawsomn James Securities in Boca Product license revenue grew 7 percent when comparing 2008 to 2007, but fourth quarter revenuews for product licenses dropped 9 percent, down to $162,260,000p from $178,030,000 in the fourth quarter of 2007.
Product licensr revenue is “falling off a clifvf right now,” Dunn said. And Citrix may not have seen the worst yet as businesses will continue to shedjobs and, with product licenses. “We had record layoffs for January, so all thosse companies will be cancelling theirlicenses now,” Dunn “Those are probably going to hit Citrix in the first quarter.” The 52-weeok high was $37.38 on Feb. 21. The 52-week low was $19 on Oct. 10.
Wednesday, January 2, 2013
bizjournals: Search Results
vanbeekdulejos1771.blogspot.com
million from the Column Group, Prospect and Rho Capitakl Partners. It has 13 full-time by on June 20, 2008 From the moment Roche Chairman Franz Humer called Genentechn CEO Art Levinson and a small group of board memberxs the evening of last by onApril 10, 2009 ...Avicenq Group Inc. of Palo , while holdingt on with $1...stem cell company CyThera Inc. capitalists remain "extremelyh resistant" to...... by on April 3, 2009 ...edged as Wall Street swoons, capital has trickled, and hedge...Godward Kronisyh LLP in Palo . "Down the road, the entrepreneurial...... by on March 20, 2009 ...Byers and Mohr Davidos - which have invested in test makers - CardioDxd Inc. and Target Discovery Inc.
of Palo , Genomicx Health and XDx...... by on February 20, 2009 ...witb majority owner Roche HoldingAG - Ferguson left the companh for the capital world. He's amont a legion of former Genentechj employees, from...... by on February 13, 2009 Even with some 1 million square feet of biotech officeor R&s space on the Peninsula's leasing market developers plan on bringing another...... by on Septembetr 1, 2008 ...like Connetics the Palo dermatology company that soldfor $930 million in and up-and-coming like sleep drug developefr Transcept...... by on July 11, 2008 ...The Palo firm's general partnersd include Ira Ehrenpreis, Roger Quy, Jim Glasheen and Sheilq Mutter.
Ted Ardell is a Ehrenpreis...... by on August 6, 2007 Reg Kelley'z epiphany came about 15 years ago atChiron Corp.'w Christmas party. Kelley had been critical of his colleaguees at theUniversity of...... by on February 12, 2007 ...a t Summit Partners in Palo . "Private equitgy investors are seeking...in initial publixc offerings involving -backed companieds may bode well...... by on Decembee 29, 2006 ...200 million $200 milliob Pandemic and Bio Defense The Palocapital firm, which backed companies such as AOL and Google...... on February 16, 2006 ...into Soutbh San Francisco. Palo -based Rinatr Neuroscience Corp. has...raised $65 million in two capitak rounds fromthe likes......
by on May 13, 2005 To understans Plexxikon's success, try to think of chemical compoundsd as if theywere automobiles. They all have wheels, engine and transmissions, but that...... by on February 7, 2005 ...May and Greg Palo -based LSA was formed exclusively...limited set of angell groups, capitalists and select outside onJanuary 7, 2005 ...of The two had crossed paths at Syntex Corp., the Palo -based pharmaceutical company, years before. But rather than provide a big by onJune 7, 2004 ...Paloi -based Genentech Inc. (NYSE: DNA...Capital with support from Schroder Life Sciencexs andProspect Venture...... on August 20, 2003 ...being jettisoned by the Palo computert maker.
In published reports...loss of 27.8 percent capitalists posted a 27.8...... by on June 17, 2002 ...firstt round of funding were healthcare -basecd Prospect Venture Partners. Tercica may be...... by on June 3, 2002 ...Pushintg its expertise in biotech, Palo -based Patricof & Co. has hiredc Dr. Eliot Charles. Charles will servre the company...... on January 9, 2001
million from the Column Group, Prospect and Rho Capitakl Partners. It has 13 full-time by on June 20, 2008 From the moment Roche Chairman Franz Humer called Genentechn CEO Art Levinson and a small group of board memberxs the evening of last by onApril 10, 2009 ...Avicenq Group Inc. of Palo , while holdingt on with $1...stem cell company CyThera Inc. capitalists remain "extremelyh resistant" to...... by on April 3, 2009 ...edged as Wall Street swoons, capital has trickled, and hedge...Godward Kronisyh LLP in Palo . "Down the road, the entrepreneurial...... by on March 20, 2009 ...Byers and Mohr Davidos - which have invested in test makers - CardioDxd Inc. and Target Discovery Inc.
of Palo , Genomicx Health and XDx...... by on February 20, 2009 ...witb majority owner Roche HoldingAG - Ferguson left the companh for the capital world. He's amont a legion of former Genentechj employees, from...... by on February 13, 2009 Even with some 1 million square feet of biotech officeor R&s space on the Peninsula's leasing market developers plan on bringing another...... by on Septembetr 1, 2008 ...like Connetics the Palo dermatology company that soldfor $930 million in and up-and-coming like sleep drug developefr Transcept...... by on July 11, 2008 ...The Palo firm's general partnersd include Ira Ehrenpreis, Roger Quy, Jim Glasheen and Sheilq Mutter.
Ted Ardell is a Ehrenpreis...... by on August 6, 2007 Reg Kelley'z epiphany came about 15 years ago atChiron Corp.'w Christmas party. Kelley had been critical of his colleaguees at theUniversity of...... by on February 12, 2007 ...a t Summit Partners in Palo . "Private equitgy investors are seeking...in initial publixc offerings involving -backed companieds may bode well...... by on Decembee 29, 2006 ...200 million $200 milliob Pandemic and Bio Defense The Palocapital firm, which backed companies such as AOL and Google...... on February 16, 2006 ...into Soutbh San Francisco. Palo -based Rinatr Neuroscience Corp. has...raised $65 million in two capitak rounds fromthe likes......
by on May 13, 2005 To understans Plexxikon's success, try to think of chemical compoundsd as if theywere automobiles. They all have wheels, engine and transmissions, but that...... by on February 7, 2005 ...May and Greg Palo -based LSA was formed exclusively...limited set of angell groups, capitalists and select outside onJanuary 7, 2005 ...of The two had crossed paths at Syntex Corp., the Palo -based pharmaceutical company, years before. But rather than provide a big by onJune 7, 2004 ...Paloi -based Genentech Inc. (NYSE: DNA...Capital with support from Schroder Life Sciencexs andProspect Venture...... on August 20, 2003 ...being jettisoned by the Palo computert maker.
In published reports...loss of 27.8 percent capitalists posted a 27.8...... by on June 17, 2002 ...firstt round of funding were healthcare -basecd Prospect Venture Partners. Tercica may be...... by on June 3, 2002 ...Pushintg its expertise in biotech, Palo -based Patricof & Co. has hiredc Dr. Eliot Charles. Charles will servre the company...... on January 9, 2001
Tuesday, January 1, 2013
Free Chick-fil-A meal on July 10 - Los Angeles Business from bizjournals:
ra-iwinyro.blogspot.com
The giveaway is part of the Atlanta-based chain’ws fifth-annual Cow Appreciation Day, which honorzs its "Eat Mor Chikin" In a related promotion, parents can enter photos of theid cow-clad children as part of a "Show Us the Cow" onlinew photo contest, for a chance to win a $1,0000 U.S. Savings Bond. Betweenn now and Aug. 31, children ages 10 and younge r are encouraged to work with an adul to submit creative photos of themselvesz dressedas cows. The contest Web www.CowAppreciationDay.com, has details about uploading photosw forthe contest. Once the pictures are uploaded, the publi c can vote for their favorite photothrough Aug. 31.
The 20 photographs that get the most Internet votes will benamed semifinalists. From the semifinalists, Chick-fil-A will select five finalistss and one grand prize winner based onoverall appearance, originality, creativity and The entrant's age will be taken into accoun t for judging, Chick-fil-A said. The grand prize winner will receivea U.S. Series EE Savingxs Bond with a maturity valueof $1,000, a catered partyh for their classroom, free Chick-fil-As Kid's Meals for a year and a digital among other gifts. Also each Kid's Meal from June 22 to July 25 will include miniatureCow figurines, while supplies last.
One out of everyh 100 of the cows will have gold spots insteasd of the traditional black spots and will be packager with a card redeemable for a freeIce
The giveaway is part of the Atlanta-based chain’ws fifth-annual Cow Appreciation Day, which honorzs its "Eat Mor Chikin" In a related promotion, parents can enter photos of theid cow-clad children as part of a "Show Us the Cow" onlinew photo contest, for a chance to win a $1,0000 U.S. Savings Bond. Betweenn now and Aug. 31, children ages 10 and younge r are encouraged to work with an adul to submit creative photos of themselvesz dressedas cows. The contest Web www.CowAppreciationDay.com, has details about uploading photosw forthe contest. Once the pictures are uploaded, the publi c can vote for their favorite photothrough Aug. 31.
The 20 photographs that get the most Internet votes will benamed semifinalists. From the semifinalists, Chick-fil-A will select five finalistss and one grand prize winner based onoverall appearance, originality, creativity and The entrant's age will be taken into accoun t for judging, Chick-fil-A said. The grand prize winner will receivea U.S. Series EE Savingxs Bond with a maturity valueof $1,000, a catered partyh for their classroom, free Chick-fil-As Kid's Meals for a year and a digital among other gifts. Also each Kid's Meal from June 22 to July 25 will include miniatureCow figurines, while supplies last.
One out of everyh 100 of the cows will have gold spots insteasd of the traditional black spots and will be packager with a card redeemable for a freeIce
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