coras-newport.blogspot.com
The filing, made in U.S. Bankruptcy Courrt in Manhattan, marks the largest ever filing of its kind fora U.S. It follows months of speculation thatthe 101-year-oldd company would have to restructure through the courts, despite desperated attempts by management to avoid the move. As it turnede out, though, the bankruptcty filing was the only way GM coulr get its hands on the government moneu it needs to Inits filing, GM listed $82.34 billion in assets and $172.8 billion in debts. The company's largest creditorws are WilmingtonTrust Company, representing bondholders holdingg $22.8 billion in debts, and UAW affiliates representin $20.6 billion in employee The U.S.
government has already injected $20 billioj into GM, and will provide another $30 billion to keep the compangy going as it works through The investment will buy the governmenta 72.5 percenr stake. That will give government official s more power to name members of the GM Officials have saidthey don’t want to get involvedc in the daily operations of the company. But that may provr to be quite a challenge with as much governmeng money asis involved.
"It's not forever," Bruce Belzowski, associate director of the Automotive Analysis Division at the Universitty of Michigan TransportationResearch Institute, told bizjournals in a telephone "If they had a choice, it would be a short perioed of time. The longer that it stretches out the more of a politicak liabilityit becomes.” Still, it could take more than a year beford G.M. emerges once more as a publiclyttraded company. While most public attentio n is focusedon GM, the automaker's many suppliers are certain to be affectes President Barack Obama is slate to talk about the auto industry shortly befor e Noon.
General Motors CEO Fritz Henderson will follo with a news conference ofhis own. Obama administratio n and GM officials have said they want a much more competitive GM to emerge from the bankruptcy within 60 to 90 GM plans to sell or closw such brandsas Saab, Hummer, and Pontiac, and will shed 2,600 dealerships. The company will closew 11 U.S. manufacturing facilities by the endof 2010. Plante throughout GM's system will be idled as the company downsizes. The that GM said will be closed and their dates include two assemblyplants - Mich. (October 2009), and Wilmington, Del. (July three stamping plants including the previously announced closingv in June ofGrand Rapids, Mich.
, Indianapolis, Ind. (Decembeer 2011), and Mansfield, Ohio (Juner 2010). Powertrain facilities in Livonia, Flint and Ypsilanti, as well as Ohio, and Fredericksburg, Va. are also on the closurde list, reports. To accomplish the leaner GM, the company will be split into a new GM and anold GM. The new GM will be owner by the U.S. and Canadian the United Auto Workers Union, and currenrt bond holders in the
Sunday, December 30, 2012
Saturday, December 29, 2012
Edison wins approval for solar panel installation - Business First of Buffalo:
coras-newport.blogspot.com
During the next five years Edison will own and operate 150 solat panels that will generate 250 megawattsof power. Edison was also grante the ability to solicitothefr solar-power companies to install similar panelk arrays and sell the power back to Edison, up to an additionall 250 megawatts. Edison says the 500 total megawattds makes theproject "thr largest photovoltaic program ever “The program will create hundreds of neighborhoox solar power plants, strengthen locao grid reliability and produce hundreds of new gree jobs to bolster Southern California’s economic recovery,” Chairman and CEO Theodor F. Craver Jr., said in a statement.
The firs t Edison site has alread been completed on the roof of a distribution warehousrein Fontana. According to Edison, it is the largestt single rooftop solar photovoltaic array inthe nation. Both Southernh California Edison and its parent EdisojnInternational (NYSE: EIX) are based in
During the next five years Edison will own and operate 150 solat panels that will generate 250 megawattsof power. Edison was also grante the ability to solicitothefr solar-power companies to install similar panelk arrays and sell the power back to Edison, up to an additionall 250 megawatts. Edison says the 500 total megawattds makes theproject "thr largest photovoltaic program ever “The program will create hundreds of neighborhoox solar power plants, strengthen locao grid reliability and produce hundreds of new gree jobs to bolster Southern California’s economic recovery,” Chairman and CEO Theodor F. Craver Jr., said in a statement.
The firs t Edison site has alread been completed on the roof of a distribution warehousrein Fontana. According to Edison, it is the largestt single rooftop solar photovoltaic array inthe nation. Both Southernh California Edison and its parent EdisojnInternational (NYSE: EIX) are based in
Wednesday, December 26, 2012
Defenses will be tested when Bears, Bruins meet for first-time in Holiday Bowl - Fox News
ogarawo.wordpress.com
Texarkana Gazette | Defenses will be tested when Bears, Bruins meet for first-time in Holiday Bowl Fox News SAN DIEGO â€" Now, this could be a Holiday Bowl. The Baylor Bears (7-5), whose offense ranks first nation » |
Tuesday, December 25, 2012
Texas experiences double-digit decrease in sales-tax revenue - San Antonio Business Journal:
paramonaxogilozi.blogspot.com
percent compared to June 2008. “Thew oil and gas, construction and retail trade sectors showedcontinued weakness, resulting in a shar p decrease in sales-tax collections in June,” Combs “Contributing to the decrease was not only the weakness in these three sectors, but also the stront level of collections received from them in June In addition to the $1.57 billion set asidre for the state, Combs send $426.7 million to cities, transit systems and special-purpose taxing districts in This is down 8.8 percent from July 2008. San Antonik received a monthly sales-tax allocation checki for $14.75 million for July. This is down 14.96 percent from July 2008.
receiver a sales-tax allocation check for $6.5 million in This is down 16.71 percent from July 2008. The San Antoni Advanced Transportation District received a checkjfor $3 million. This is down 15.26 percent from July 2008. Statew sales-tax collections in June and local sales-ta allocations in July are based on retaipl sales that occurredin May.
percent compared to June 2008. “Thew oil and gas, construction and retail trade sectors showedcontinued weakness, resulting in a shar p decrease in sales-tax collections in June,” Combs “Contributing to the decrease was not only the weakness in these three sectors, but also the stront level of collections received from them in June In addition to the $1.57 billion set asidre for the state, Combs send $426.7 million to cities, transit systems and special-purpose taxing districts in This is down 8.8 percent from July 2008. San Antonik received a monthly sales-tax allocation checki for $14.75 million for July. This is down 14.96 percent from July 2008.
receiver a sales-tax allocation check for $6.5 million in This is down 16.71 percent from July 2008. The San Antoni Advanced Transportation District received a checkjfor $3 million. This is down 15.26 percent from July 2008. Statew sales-tax collections in June and local sales-ta allocations in July are based on retaipl sales that occurredin May.
Monday, December 24, 2012
Picking over the pieces of DayJet - Kansas City Business Journal:
xszeyluje.blogspot.com
After failing to generate enough revenue or secure additional theBoca Raton-based air taxi pioneer on Nov. 14 filedd for bankruptcy liquidation less than a year after it began operating. It listed more than $23 millio in liabilities and $17 million in DayJet, founded by Ed Iacobucci, who also started softwarde giant , used a new software scheduling system toprovided per-seat, on-demand flights to smaller Albuquerque, N.M.
-based , which supplied DayJet with its aircraft, had the largesty bankruptcy claim at $16 Eclipse filed for bankruptcy shortly after The 28 Eclipse jets that made up DayJet’e fleet were foreclosed on and sold earlier this year, said Georges Miller, bankruptcy trustee. Miller said he heard from industry sourced that each jet sold for about They costabout $1.1 millioh when new. Stuart an aviation consultant withCoral Gables-based Klaskin, Kushner Co., said he also heard the planes were sold for abouy $600,000. That would have been a good deal for the selle r if buyers face problems getting theplanes serviced, Klaskijn added.
Next up for sale is a mishmash of propertt that DayJet forfeited to its landlord when it left the Boca Ratobn Research and Development Parknear . The Boca R&D Project 7 LLC will conduct a public sale at10 a.m. on June 18. The landlorfd did not immediately return callfor comment, but, among other things, a public for-sale notice lists computers, printers, office furniture, a stainless steel refrigeratodr and 14 airplane tires. Klaskin, who said he has studiesd several bankruptcies, noted that everything goes on the blocok when acompany dissolves. “At the end of the day, it oftenn comes down to coffee cups and fax he joked.
“Every office ought to have at leasty oneairplane tire.” But, DayJet’s interes in its sister DayJet Technologies, may still fetcgh some real money. DayJet Technologies, which developeds the software used to schedulew anddispatch planes, is not in Chapteer 7. Pending court approval, Miller said he has a buyer of who will pay atleasrt $250,000 for DayJet Corp’s 35 percent stake in DayJe Technologies. Klaskin said the technology might have valued for another air taxi start up that growa at a more modest pacethan DayJet. “It’z entirely possible that there may be some use in that applicationb forthe technology,” he said.
there are probably good deals to be had on airplane tire s comeJune 18.
After failing to generate enough revenue or secure additional theBoca Raton-based air taxi pioneer on Nov. 14 filedd for bankruptcy liquidation less than a year after it began operating. It listed more than $23 millio in liabilities and $17 million in DayJet, founded by Ed Iacobucci, who also started softwarde giant , used a new software scheduling system toprovided per-seat, on-demand flights to smaller Albuquerque, N.M.
-based , which supplied DayJet with its aircraft, had the largesty bankruptcy claim at $16 Eclipse filed for bankruptcy shortly after The 28 Eclipse jets that made up DayJet’e fleet were foreclosed on and sold earlier this year, said Georges Miller, bankruptcy trustee. Miller said he heard from industry sourced that each jet sold for about They costabout $1.1 millioh when new. Stuart an aviation consultant withCoral Gables-based Klaskin, Kushner Co., said he also heard the planes were sold for abouy $600,000. That would have been a good deal for the selle r if buyers face problems getting theplanes serviced, Klaskijn added.
Next up for sale is a mishmash of propertt that DayJet forfeited to its landlord when it left the Boca Ratobn Research and Development Parknear . The Boca R&D Project 7 LLC will conduct a public sale at10 a.m. on June 18. The landlorfd did not immediately return callfor comment, but, among other things, a public for-sale notice lists computers, printers, office furniture, a stainless steel refrigeratodr and 14 airplane tires. Klaskin, who said he has studiesd several bankruptcies, noted that everything goes on the blocok when acompany dissolves. “At the end of the day, it oftenn comes down to coffee cups and fax he joked.
“Every office ought to have at leasty oneairplane tire.” But, DayJet’s interes in its sister DayJet Technologies, may still fetcgh some real money. DayJet Technologies, which developeds the software used to schedulew anddispatch planes, is not in Chapteer 7. Pending court approval, Miller said he has a buyer of who will pay atleasrt $250,000 for DayJet Corp’s 35 percent stake in DayJe Technologies. Klaskin said the technology might have valued for another air taxi start up that growa at a more modest pacethan DayJet. “It’z entirely possible that there may be some use in that applicationb forthe technology,” he said.
there are probably good deals to be had on airplane tire s comeJune 18.
Saturday, December 22, 2012
Newmark Homes Houston buying local TOUSA assets - Minneapolis / St. Paul Business Journal:
hustbelogehy1857.blogspot.com
TOUSA plans to complete and sell all homes currently under Moody said the new companu will be privately locally ownedand financed. “Our management team has over 70 combined experience,” he said. The new companyg plans to build 60 homes ranging in pricefrom $160,000 to more than $600,000 in the first 60 days of operation, which will officially begibn June 15. Moody said 55 employeex of TOUSA will remain with the new compant after TOUSA winds down its localbusines operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedd an initial public offering inMarch 1998. In December 1999, TOUSA Inc. acquired 80 percent of Newmark’s stock.
TOUSA Inc. also acquired 100 percenr of then-public in November 2000. On June 25, Engle merged with Newmark, and the merged companh changed its name toTOUSA Inc. In March, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it plannee to lay off 156 people in the Houstoj area from its Newmar k Homes brand beginning May 22 due to the downturn in thehousinfg market.
TOUSA plans to complete and sell all homes currently under Moody said the new companu will be privately locally ownedand financed. “Our management team has over 70 combined experience,” he said. The new companyg plans to build 60 homes ranging in pricefrom $160,000 to more than $600,000 in the first 60 days of operation, which will officially begibn June 15. Moody said 55 employeex of TOUSA will remain with the new compant after TOUSA winds down its localbusines operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedd an initial public offering inMarch 1998. In December 1999, TOUSA Inc. acquired 80 percent of Newmark’s stock.
TOUSA Inc. also acquired 100 percenr of then-public in November 2000. On June 25, Engle merged with Newmark, and the merged companh changed its name toTOUSA Inc. In March, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it plannee to lay off 156 people in the Houstoj area from its Newmar k Homes brand beginning May 22 due to the downturn in thehousinfg market.
Friday, December 21, 2012
NACA to add more than 1,000 jobs in Charlotte - Business First of Louisville:
sucujovide.wordpress.com
The hiring will begin with the national nonprofit hosting a job fair Fridatand Saturday. NACA focuses on lendinb to low- and moderate-incomre families. Gov. Bev Perduw announced the expansion Thursday, with the state giving NACA a $1 millio n grant from the One NorthCarolina Fund. It plans to invesy more than $4 milliohn here, with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendous opportunith forthe Charlotte-area,” Perdue “Our top-rated business climater and skilled financial-services work force are attractivse to growing national operations.
” NACA is headquartered in Boston and operates more than 40 officeas nationwide. It currently employs about 100 workers in Mecklenburtg County to originate and processwmortgage loans. Under the five-year state incentiv agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 annually. The hirinf will focus on mortgage negotiators, customer-service representatives, call-centet managers and mortgage counselors. “NACzA is excited that it’s putting more than 1,009 people to work during these tougheconomix times,” NACA Chief Executive Brucs Marks said Thursday.
“Today’s announcement is more than just a souncbite — we are following through on this investmentf by holding a jobs fair tomorroq to hire 550 people immediately.” Perdue said Thursday that she consultedd with former Bank of Americsa Corp. Chairman Hugh McColl Jr. about the McColl has been a longtimde supporterof NACA’s work. BofA begamn a partnership with NACAunder McColl’s watch in 1995 and in 2004 committee $6 billion to its lending program. Perdue says McColll confirmed to her that he expectedc NACA could follow througuh on its job commitments in severalphond conversations.
“When someone begins something like thisin Charlotte, it alwayx grows,” McColl said in an interview “They’ll come in and find this is a good placw to find (a work force). I would hope it would be an eruptionof jobs, not just trickle The group claims it will be the largestr number of people hired immediatelt in one area and the largest job commitmenf in the country since the mortgage crisis began in 2007. The hiring comes as NACA embarkes on a nationwide Save theDream Tour.
Marks says the added jobs are cruciak as NACA leads its campaign to make mortgages Hundreds of NACA staff willprovide long-term solutions for homeowners with an unaffordable “Charlotte continues to be attractive becauss of our knowledgeable financial-services work force and we welcome NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfeltef (D-Mecklenburg) said in a release. NACA’s Counseling Center is in the Charlott East office park off Albemarle Road between Central Avenue and FarmPond Lane.
“Charlott continues to be recognized as a leader in financial services with a talented and experiencedlabord force,” says Charlotte Chamberf Chairman Tim Belk. “Ww are pleased to welcome NACA to the community and look forward to the investmenft in jobs and presence they will brinhg to ourEast side.” The chamber assistede NACA in its expansion effort. Charlotte East ownee Roger Kellogg, principal of , and leasinh director Eric Speckman have worked closely with NACA since 2007, when the nonprofit established a small office in the park. NACA has legally bindingf agreements with all themajor lenders/servicers to restructured the mortgages they service.
The NACA agreementas cover more than 90 percenr of homeowners with an unaffordable The staff from the Counseling Center in Charlotte will trave nationwide to work on Save the Dreak events where morethan 25,000 people are counseled over four with thousands receiving affordablw restructured mortgages with permanent interest rates often at 4 3 percent and 2 percent and wherr necessary the principal reduced. The organization, startedd in 1988, has the primary goal of buildint strong, healthy neighborhoods nationwidwe throughaffordable homeownership. NACA operations include financialp counseling, specialized mortgage services and a Home Save progra for homeowners with anunaffordable mortgage.
NACA will host a job fair from8 a.m. to 8 p.m. Friday and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporationof America, including employment opportunities, go to
The hiring will begin with the national nonprofit hosting a job fair Fridatand Saturday. NACA focuses on lendinb to low- and moderate-incomre families. Gov. Bev Perduw announced the expansion Thursday, with the state giving NACA a $1 millio n grant from the One NorthCarolina Fund. It plans to invesy more than $4 milliohn here, with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendous opportunith forthe Charlotte-area,” Perdue “Our top-rated business climater and skilled financial-services work force are attractivse to growing national operations.
” NACA is headquartered in Boston and operates more than 40 officeas nationwide. It currently employs about 100 workers in Mecklenburtg County to originate and processwmortgage loans. Under the five-year state incentiv agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 annually. The hirinf will focus on mortgage negotiators, customer-service representatives, call-centet managers and mortgage counselors. “NACzA is excited that it’s putting more than 1,009 people to work during these tougheconomix times,” NACA Chief Executive Brucs Marks said Thursday.
“Today’s announcement is more than just a souncbite — we are following through on this investmentf by holding a jobs fair tomorroq to hire 550 people immediately.” Perdue said Thursday that she consultedd with former Bank of Americsa Corp. Chairman Hugh McColl Jr. about the McColl has been a longtimde supporterof NACA’s work. BofA begamn a partnership with NACAunder McColl’s watch in 1995 and in 2004 committee $6 billion to its lending program. Perdue says McColll confirmed to her that he expectedc NACA could follow througuh on its job commitments in severalphond conversations.
“When someone begins something like thisin Charlotte, it alwayx grows,” McColl said in an interview “They’ll come in and find this is a good placw to find (a work force). I would hope it would be an eruptionof jobs, not just trickle The group claims it will be the largestr number of people hired immediatelt in one area and the largest job commitmenf in the country since the mortgage crisis began in 2007. The hiring comes as NACA embarkes on a nationwide Save theDream Tour.
Marks says the added jobs are cruciak as NACA leads its campaign to make mortgages Hundreds of NACA staff willprovide long-term solutions for homeowners with an unaffordable “Charlotte continues to be attractive becauss of our knowledgeable financial-services work force and we welcome NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfeltef (D-Mecklenburg) said in a release. NACA’s Counseling Center is in the Charlott East office park off Albemarle Road between Central Avenue and FarmPond Lane.
“Charlott continues to be recognized as a leader in financial services with a talented and experiencedlabord force,” says Charlotte Chamberf Chairman Tim Belk. “Ww are pleased to welcome NACA to the community and look forward to the investmenft in jobs and presence they will brinhg to ourEast side.” The chamber assistede NACA in its expansion effort. Charlotte East ownee Roger Kellogg, principal of , and leasinh director Eric Speckman have worked closely with NACA since 2007, when the nonprofit established a small office in the park. NACA has legally bindingf agreements with all themajor lenders/servicers to restructured the mortgages they service.
The NACA agreementas cover more than 90 percenr of homeowners with an unaffordable The staff from the Counseling Center in Charlotte will trave nationwide to work on Save the Dreak events where morethan 25,000 people are counseled over four with thousands receiving affordablw restructured mortgages with permanent interest rates often at 4 3 percent and 2 percent and wherr necessary the principal reduced. The organization, startedd in 1988, has the primary goal of buildint strong, healthy neighborhoods nationwidwe throughaffordable homeownership. NACA operations include financialp counseling, specialized mortgage services and a Home Save progra for homeowners with anunaffordable mortgage.
NACA will host a job fair from8 a.m. to 8 p.m. Friday and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporationof America, including employment opportunities, go to
Thursday, December 20, 2012
Agilent Technologies Introduces Industry's First eMMC Compliance Test ... - Equities.com
ogarawo.wordpress.com
Agilent Technologies Introduces Industry's First eMMC Compliance Test ... Equities.com ... (http://www.agilent.com/home/leaving.html?http://www.jedec.org/), PCI-SIG (http://www.agilent.com/home/leaving.html?http://www.pcisig.com/), Video Electronics Standards Association (http://www.agilent.com/home/leaving.html?http://www.vesa.org ... |
Wednesday, December 19, 2012
Group: Palace lobbied, bought votes for RH bill | Headlines, News, The ... - Philippine Star
ogarawo.wordpress.com
Group: Palace lobbied, bought votes for RH bill | Headlines, News, The ... Philippine Star MANILA, Philippines - A former government official who witnessed the third reading proceedings at the House of Representatives called the approval of the Reproductive Health (RH) bill an "empty victory" and a result of Malacañang's interference in ... |
Monday, December 17, 2012
Wilma Dee Schumaker Shelnutt (1917-2012) - The Democrat Leader (subscription)
zlatkopaisley1275.blogspot.com
Wilma Dee Schumaker Shelnutt (1917-2012) The Democrat Leader (subscription) Wilma Dee Schumaker Shelnutt, of New Franklin, passed away Dec. 14, 2012, at the Fayette Caring Center. She was 95. She was born May 3, 1917, in Lewistown, Mo., to the late Roy and Oral Lee Barklew Roberts. Prior to retirement, she was a nurse's aide ... |
Sunday, December 16, 2012
Saturday, December 15, 2012
Raymond R. Neiser Executive Profile
kapitonragomo.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Thursday, December 13, 2012
Starbucks Is Reinventing the Role of Payments. Will Payments Leaders Take ... - Forbes
kapitonragomo.blogspot.com
Forbes | Starbucks Is Reinventing the Role of Payments. Will Payments Leaders Take ... Forbes Their $450 Steel card, which has already sold out and is now commanding jaw-dropping premiums on eBay, once again has Starbucks at the center of the conversation in payments. Is the Steel card just a novelty item? Or does it tap into something deeper ... |
Wednesday, December 12, 2012
Florida files suit against Arbitron, alleges bias - South Florida Business Journal:
sucujovide.wordpress.com
in an effort to stop the releasw of what the state attorneuy generalcalls “flawed radio station The , filed in Miami-Dadde County Circuit Court by Attorney General Bill alleges that Arbitron’s sampling methodology “significantly undercounts” minority listeners, and that the “flawed ratings … threaten the viability of ratio stations … that air programmingb targeted at those minorities.” Arbitronh solicits listeners intended to be representative of the market beingb measured.
They agree to have their radiio listening monitored through Portable PeopleMeters (PPMs), which recore encoded transmissions in radio frequencies detecter in the vicinity of the device. Arbitron then converts the data into ratingas of the radio stations in that Those ratings are expected to be releaser laterthis week. Advertisers rely on the ratings to determine where to buy The lawsuit allegesthat Arbitron’zs PPM service produces unreliable ratings becaus e it fails to recruit minorities as panelists and, fails to use sufficient data from minorities to calculate The suit claims that Arbitron has produced ratings in the Miami area market based on the new methodologyu that “show significant decreases for several minorit broadcasters, especially given the fact that certain minority broadcasters are not subscribing to this methodology and are thus excludedf from the ratings.
” Advertising agencies have already begujn contacting numerous minority broadcasters in the Miami market, seeking to negotiatr a 30 percent to 50 percent discount in their rates in anticipationb of the currency ratings under Arbitron’s new methodology, the suit claims. The suit claims rating for minority broadcasters in the New York radiko market have fallen 40 percent to 60 percent sincelast “with a precipitous drop in revenue, since broadcasting revenue is directlt related to ratings.” In Arbitron settled lawsuits filed in New York and New Jersey that made simila allegations.
It agreed to “substantially improve” the methodology of the Calls to Arbitron about the Florida lawsuit were notimmediately Arbitron’s PPM service is currently facing investigation by the FCC and the U.S. House of Representativess Committee on Oversight andGovernment Reform.
in an effort to stop the releasw of what the state attorneuy generalcalls “flawed radio station The , filed in Miami-Dadde County Circuit Court by Attorney General Bill alleges that Arbitron’s sampling methodology “significantly undercounts” minority listeners, and that the “flawed ratings … threaten the viability of ratio stations … that air programmingb targeted at those minorities.” Arbitronh solicits listeners intended to be representative of the market beingb measured.
They agree to have their radiio listening monitored through Portable PeopleMeters (PPMs), which recore encoded transmissions in radio frequencies detecter in the vicinity of the device. Arbitron then converts the data into ratingas of the radio stations in that Those ratings are expected to be releaser laterthis week. Advertisers rely on the ratings to determine where to buy The lawsuit allegesthat Arbitron’zs PPM service produces unreliable ratings becaus e it fails to recruit minorities as panelists and, fails to use sufficient data from minorities to calculate The suit claims that Arbitron has produced ratings in the Miami area market based on the new methodologyu that “show significant decreases for several minorit broadcasters, especially given the fact that certain minority broadcasters are not subscribing to this methodology and are thus excludedf from the ratings.
” Advertising agencies have already begujn contacting numerous minority broadcasters in the Miami market, seeking to negotiatr a 30 percent to 50 percent discount in their rates in anticipationb of the currency ratings under Arbitron’s new methodology, the suit claims. The suit claims rating for minority broadcasters in the New York radiko market have fallen 40 percent to 60 percent sincelast “with a precipitous drop in revenue, since broadcasting revenue is directlt related to ratings.” In Arbitron settled lawsuits filed in New York and New Jersey that made simila allegations.
It agreed to “substantially improve” the methodology of the Calls to Arbitron about the Florida lawsuit were notimmediately Arbitron’s PPM service is currently facing investigation by the FCC and the U.S. House of Representativess Committee on Oversight andGovernment Reform.
Tuesday, December 11, 2012
Sunday Supper recipe: Seared Scallops with Shallots & Grapefruit Sauce - Detroit Free Press
shemwellmygalej1291.blogspot.com
Sunday Supper recipe: Seared Scallops with Shallots & Grapefruit Sauce Detroit Free Press Working in batches if necessary, add the scallops (don't crowd them in the pan) and cover with a splatter screen if you have one, and cook until they are golden brown on both sides and almost firm to the touch, 2 to 4 minutes per side. Add the shallot ... |
Sunday, December 9, 2012
SEC: N.Y. investment firm misled S. Fla. seniors - Business Courier of Cincinnati:
yqyqynesara.blogspot.com
"They used free lunches as the low-tecnh bait for their high-scale said Robert Khuzami, director of the SEC's Divisiohn of Enforcement. The SEC alleges elderly and retiref investors were lured into purchasing highlyg unsuitable variable annuities with lucrative sales commissions while ignoring the financial goals of The SEC alleges thatEric J. Brownh of Highland Beach, Matthew J. Collinw of Boynton Beach, Kevin J. Walsh of Viera, and Mark W. Wellsx of Boca Raton, were among those offering and sellingthe It’s alleged that the firm and its representativea earned millions of dollars in saleds commissions.
PCS is a registered broker-dealer and wholly-ownecd subsidiary of Gilman Ciocia, an income tax preparation businesws headquartered in Poughkeepsie that offers financial servicex inNew York, New Jersey, Pennsylvania and Florida. Robert a NewYork attorney who represents Prime Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issu e in the complaint is "very old" and occurredf in the late 1990s and early 2000. He said the companyt reached a settlement with the when it was called the As part of that the company implementedsome wide-ranginf updates to its supervisorg and compliance systems in 2005, Heim said.
He addef that he didn't know why the SEC was goingb over thesame ground. "All of theser issues were addressed years ago and we feelthe company's responsr has been appropriate," he said. While Brown and Walsh have since left, Collins and Wells are still with the he said. An administrativre law judge will determine whether the allegations againstt the respondents aretrue and, if so, whether they should be ordered to cease and desist from future violations.
"They used free lunches as the low-tecnh bait for their high-scale said Robert Khuzami, director of the SEC's Divisiohn of Enforcement. The SEC alleges elderly and retiref investors were lured into purchasing highlyg unsuitable variable annuities with lucrative sales commissions while ignoring the financial goals of The SEC alleges thatEric J. Brownh of Highland Beach, Matthew J. Collinw of Boynton Beach, Kevin J. Walsh of Viera, and Mark W. Wellsx of Boca Raton, were among those offering and sellingthe It’s alleged that the firm and its representativea earned millions of dollars in saleds commissions.
PCS is a registered broker-dealer and wholly-ownecd subsidiary of Gilman Ciocia, an income tax preparation businesws headquartered in Poughkeepsie that offers financial servicex inNew York, New Jersey, Pennsylvania and Florida. Robert a NewYork attorney who represents Prime Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issu e in the complaint is "very old" and occurredf in the late 1990s and early 2000. He said the companyt reached a settlement with the when it was called the As part of that the company implementedsome wide-ranginf updates to its supervisorg and compliance systems in 2005, Heim said.
He addef that he didn't know why the SEC was goingb over thesame ground. "All of theser issues were addressed years ago and we feelthe company's responsr has been appropriate," he said. While Brown and Walsh have since left, Collins and Wells are still with the he said. An administrativre law judge will determine whether the allegations againstt the respondents aretrue and, if so, whether they should be ordered to cease and desist from future violations.
Saturday, December 8, 2012
Browne
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Kerry Browne does, though. She and her husband, John have owned at 3300 Pennsylvania Ave. sinc e July 1, 1981, when they bought it from her MargieBlake Browne. Their age 4 and 6, sometimes servs up soft drinks in the she said. Her nieces and nephews work there, too. Kerryh Browne’s mother died in 2004, but she had been at the storr every day until near the end ofher Browne’s great-grandparents, Ed and Mary had started the store in the fron t of their house at 27th and Jefferson streetzs in 1887. They moved it to its current location in 1901 in what was thenthe city’s The Flavins’ daughter, Margaret, and her husband, James R.
took over the stored from them in andKerry Browne’s mother and father, Jamess R. “Bob” Browne Jr., took it over in 1956. Browne’es Irish Market & Deli dubbed North America’s oldest Irish business by the and considered to beKansas City’ss oldest retail business, according to Kerry Browne — is celebratint its 122nd anniversary with a street fair on Saturdayy that includes live music, drink and other festivities. “We found our own nichr and found ourown crowd,” Kerry Brown said. “We have several generations of The store hastwo full-time and two part-time employees. That total rises to about 12 around St.
Patrick’s Day and Christmas, she said. The cornecd beef count? They sell a couple hundred pounds a month and that much a dayaround St. Patrick’s Day. Business is good, Kerry Brownw said, and she and her husband “haven’t felt the crunch that everybodyelse feels” economically. “Wwe still get the corporate crowd for she said. The storr is split between the deli and a sectio in the building to the south that sellsIrishj imports, including foods, clothing and housewares. Kerry Browne and her uncle, Edwardc J.
Browne, own the store’d main building, the building to the south, where her great-grandparents used to live, and a thirdc building to the west, a residential In the past three years, Kerry Brownwe and McClain bought vacant land to the soutj for possiblefuture development. Browne said she and her husbane reopened the building to the south durint Thanksgiving weekendin 2008, doublinvg the store’s space. She and McClaih travel to Ireland for wares to bring back and sell in the They also meet with Irish suppliers twicea year, once in New York and once in “It’s truly a family life,” Kerry Browne “For years, we worked side by side.
We get to be with our and our customers areour friends. Few peopl e get to live their dreamevery day, and I think we More information about Saturday’s streetg fair .
Kerry Browne does, though. She and her husband, John have owned at 3300 Pennsylvania Ave. sinc e July 1, 1981, when they bought it from her MargieBlake Browne. Their age 4 and 6, sometimes servs up soft drinks in the she said. Her nieces and nephews work there, too. Kerryh Browne’s mother died in 2004, but she had been at the storr every day until near the end ofher Browne’s great-grandparents, Ed and Mary had started the store in the fron t of their house at 27th and Jefferson streetzs in 1887. They moved it to its current location in 1901 in what was thenthe city’s The Flavins’ daughter, Margaret, and her husband, James R.
took over the stored from them in andKerry Browne’s mother and father, Jamess R. “Bob” Browne Jr., took it over in 1956. Browne’es Irish Market & Deli dubbed North America’s oldest Irish business by the and considered to beKansas City’ss oldest retail business, according to Kerry Browne — is celebratint its 122nd anniversary with a street fair on Saturdayy that includes live music, drink and other festivities. “We found our own nichr and found ourown crowd,” Kerry Brown said. “We have several generations of The store hastwo full-time and two part-time employees. That total rises to about 12 around St.
Patrick’s Day and Christmas, she said. The cornecd beef count? They sell a couple hundred pounds a month and that much a dayaround St. Patrick’s Day. Business is good, Kerry Brownw said, and she and her husband “haven’t felt the crunch that everybodyelse feels” economically. “Wwe still get the corporate crowd for she said. The storr is split between the deli and a sectio in the building to the south that sellsIrishj imports, including foods, clothing and housewares. Kerry Browne and her uncle, Edwardc J.
Browne, own the store’d main building, the building to the south, where her great-grandparents used to live, and a thirdc building to the west, a residential In the past three years, Kerry Brownwe and McClain bought vacant land to the soutj for possiblefuture development. Browne said she and her husbane reopened the building to the south durint Thanksgiving weekendin 2008, doublinvg the store’s space. She and McClaih travel to Ireland for wares to bring back and sell in the They also meet with Irish suppliers twicea year, once in New York and once in “It’s truly a family life,” Kerry Browne “For years, we worked side by side.
We get to be with our and our customers areour friends. Few peopl e get to live their dreamevery day, and I think we More information about Saturday’s streetg fair .
Friday, December 7, 2012
Artel names Rosalind Kadasi CFO - Washington Business Journal:
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Kadasi, who previously was the senior director of finance and compliancwe and the senior controller of SEC and management reportin g for the public services unit ofbankrupt , will be responsiblw for all of Artel’z administration functions including finance, accounting, humajn resources and contracts among othert functions. Kadasi will reporf to Artel CEOAbbas Yazdani. “Wse are delighted to have Kadasi join ARTEL at a time when we are experiencinhgsignificant growth,” said “With her extensive experience in government finance, we are confidenyt she will be an excellent addition to our senio r management team.
” Kadasi was responsible for updatingg BearingPoint’s government financial reporting that was a source of many of BearingPoint’s financial troubles. Before workinvg at McLean-based BearingPoint, Kadasi workedf for several technology companies in Virginiazincluding Nortel, where she was vice presideny of finance, AC Technologies as the company’sa CFO and Carana where she was the company’xs controller. Artel, founded in 1986, operates in 12 countries, providing IT, telecomm network and security servicesto businesses.
Kadasi, who previously was the senior director of finance and compliancwe and the senior controller of SEC and management reportin g for the public services unit ofbankrupt , will be responsiblw for all of Artel’z administration functions including finance, accounting, humajn resources and contracts among othert functions. Kadasi will reporf to Artel CEOAbbas Yazdani. “Wse are delighted to have Kadasi join ARTEL at a time when we are experiencinhgsignificant growth,” said “With her extensive experience in government finance, we are confidenyt she will be an excellent addition to our senio r management team.
” Kadasi was responsible for updatingg BearingPoint’s government financial reporting that was a source of many of BearingPoint’s financial troubles. Before workinvg at McLean-based BearingPoint, Kadasi workedf for several technology companies in Virginiazincluding Nortel, where she was vice presideny of finance, AC Technologies as the company’sa CFO and Carana where she was the company’xs controller. Artel, founded in 1986, operates in 12 countries, providing IT, telecomm network and security servicesto businesses.
Wednesday, December 5, 2012
Former local football star flounders financially - Charlotte Business Journal:
stockdaleiqemico1521.blogspot.com
million judgment from the latest ofhis troubles. Kosar, of and related companies also lost foreclosurre judgments on multifamily properties in theTampa area, and face a pendin g foreclosure lawsuit against a third. His Bernie Kosar’sz Steakhouse was evicted from its South Miamii spacein November. Many South Floridqa and Cleveland sports fans remember Kosadr for his stellar success on the He led UM to its firsg football national championship in then played 12 seasons inthe NFL, mostly with the . now 45, played his final season with thein 1996. The UM trustee is a minorit y owner of boththe NHL’s and the , an team that sat out the past seasomn along with the rest of the league.
The Plain Dealer reported that the Gladiatorslost $2 milliom to $2.5 million in the inaugurak 2008 season, during whic h Kosar was team presidenty and guided the team to the semi-finals. Meanwhile, the Panthera have discussed merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appears Kosart could use some money to paymountinb judgments. In April, National City Bank won a $4.2 milliobn judgment against Kosar andBJK LLC. It was baseed on the remaining delinquent amount of a promissoryy note that was increasedto $12 million in 2005, with Kosa r as a personal guarantor.
The lawsuitr does not say what BJK and Kosar used themoney for, but it said he defaulted on the note in June 2008. Kosar’ s attorney, David Lister of Weston, did not returb repeated callsseeking comment. West Palm Beach-based attorney Michael T. who represents National City Bank, also did not return several calls. Kosar’s attempt at running some multifamil y propertieson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.9 milliom foreclosure judgment to Florida Bank in Pinellas County Circuit Court. The 36-unit buildint was scheduled for public sale onJune 16. In April, Kosaf and his Oakmont LLC losta $3.
3 millioj foreclosure judgment to Florida Bank in Hillsborough County Circuitt County over a Tampa apartment building. The bank has another foreclosure lawsuit pending in Pinellas Counthy against Kosar and hisPCV LLC. Kosaer also faces significant tax problems, including $59,881 in unpaidx property taxes on his Weston home and acombinefd $93,647 in federal tax liens against him over his personal income taxes, including some years filex jointly with ex-wife Babette Kosar. However, Kosarf did fully pay a separate $228,80t federal tax lien placee on him inJuly 2008.
When The Plaimn Dealer questioned Kosar about those previously unpaide taxesin August, Kosatr said some bills were lost in the shuffled during his divorce. “Divorce is difficult enoughh asit is, especially for someone who wasn’t really looking to do he told the “So, who owes what and all of that becomez hard, but whatever I owe, obviously I would pay.” Kosar’s home, at 2940 Paddoc Road, is currently listed online for sale for $3.5 million. It was purchasedc for almost the same amount in 2006.
million judgment from the latest ofhis troubles. Kosar, of and related companies also lost foreclosurre judgments on multifamily properties in theTampa area, and face a pendin g foreclosure lawsuit against a third. His Bernie Kosar’sz Steakhouse was evicted from its South Miamii spacein November. Many South Floridqa and Cleveland sports fans remember Kosadr for his stellar success on the He led UM to its firsg football national championship in then played 12 seasons inthe NFL, mostly with the . now 45, played his final season with thein 1996. The UM trustee is a minorit y owner of boththe NHL’s and the , an team that sat out the past seasomn along with the rest of the league.
The Plain Dealer reported that the Gladiatorslost $2 milliom to $2.5 million in the inaugurak 2008 season, during whic h Kosar was team presidenty and guided the team to the semi-finals. Meanwhile, the Panthera have discussed merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appears Kosart could use some money to paymountinb judgments. In April, National City Bank won a $4.2 milliobn judgment against Kosar andBJK LLC. It was baseed on the remaining delinquent amount of a promissoryy note that was increasedto $12 million in 2005, with Kosa r as a personal guarantor.
The lawsuitr does not say what BJK and Kosar used themoney for, but it said he defaulted on the note in June 2008. Kosar’ s attorney, David Lister of Weston, did not returb repeated callsseeking comment. West Palm Beach-based attorney Michael T. who represents National City Bank, also did not return several calls. Kosar’s attempt at running some multifamil y propertieson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.9 milliom foreclosure judgment to Florida Bank in Pinellas County Circuit Court. The 36-unit buildint was scheduled for public sale onJune 16. In April, Kosaf and his Oakmont LLC losta $3.
3 millioj foreclosure judgment to Florida Bank in Hillsborough County Circuitt County over a Tampa apartment building. The bank has another foreclosure lawsuit pending in Pinellas Counthy against Kosar and hisPCV LLC. Kosaer also faces significant tax problems, including $59,881 in unpaidx property taxes on his Weston home and acombinefd $93,647 in federal tax liens against him over his personal income taxes, including some years filex jointly with ex-wife Babette Kosar. However, Kosarf did fully pay a separate $228,80t federal tax lien placee on him inJuly 2008.
When The Plaimn Dealer questioned Kosar about those previously unpaide taxesin August, Kosatr said some bills were lost in the shuffled during his divorce. “Divorce is difficult enoughh asit is, especially for someone who wasn’t really looking to do he told the “So, who owes what and all of that becomez hard, but whatever I owe, obviously I would pay.” Kosar’s home, at 2940 Paddoc Road, is currently listed online for sale for $3.5 million. It was purchasedc for almost the same amount in 2006.
Monday, December 3, 2012
Survey: Executives more upbeat on economy - Houston Business Journal:
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The survey was conducted by at an Audiy Committee Institute roundtable discussion in While 44 percent of respondent expect the recession to hit bottom by 18 percent are even more suggesting the worstis over. Survey respondents are in a much more upbeatr mood than six monthws earlier when 74 percent said the economic downturn coulxd last into 2010and beyond. Though most boarcd members expressed confidence insenior executives’ ability to manage through the tough economy, 54 percent said managemenr does not have a formal process to identifh key changes in the business that could be linked to the organization’s risk management Edgar “Bud” Giesinger, managing partnet of KPMG’s Houston office, pointed out that abou t 41 percent of the executives said they were only somewhat or not at all satisfied that their company had identifiecd the appropriate metrics to track and asses s it s performance in the current economic environment.
“Thia economy has caused boards to conduct a broad recalibratioh of their governance and Directors are insisting on bettetr information about the business in a formayt that is clear and he said. • Fifty-six percent of the respondentxs said thattheir organization’s culture encourages them to a great extenf to question, challenge and test management; 34 percentg said they were encouraged to a limitedf extent; and 10 percent said they were not encouraged at all.
Generally, the respondents said, boards are “falling short” in their ability or willingness to challengemanagemen (32 percent); willingness to address board performancee (29 percent); and willingness to address board compositionm or skills sets (15 percent).
The survey was conducted by at an Audiy Committee Institute roundtable discussion in While 44 percent of respondent expect the recession to hit bottom by 18 percent are even more suggesting the worstis over. Survey respondents are in a much more upbeatr mood than six monthws earlier when 74 percent said the economic downturn coulxd last into 2010and beyond. Though most boarcd members expressed confidence insenior executives’ ability to manage through the tough economy, 54 percent said managemenr does not have a formal process to identifh key changes in the business that could be linked to the organization’s risk management Edgar “Bud” Giesinger, managing partnet of KPMG’s Houston office, pointed out that abou t 41 percent of the executives said they were only somewhat or not at all satisfied that their company had identifiecd the appropriate metrics to track and asses s it s performance in the current economic environment.
“Thia economy has caused boards to conduct a broad recalibratioh of their governance and Directors are insisting on bettetr information about the business in a formayt that is clear and he said. • Fifty-six percent of the respondentxs said thattheir organization’s culture encourages them to a great extenf to question, challenge and test management; 34 percentg said they were encouraged to a limitedf extent; and 10 percent said they were not encouraged at all.
Generally, the respondents said, boards are “falling short” in their ability or willingness to challengemanagemen (32 percent); willingness to address board performancee (29 percent); and willingness to address board compositionm or skills sets (15 percent).
Saturday, December 1, 2012
Lotus Fabrics Launches New Website Featuring Fabulous Batik and Hand Dyed ... - PRWire
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Lotus Fabrics Launches New Website Featuring Fabulous Batik and Hand Dyed ... PRWire Bolwarra Heights, NSW (13-Nov-2012) â€" There's now a new quilters' paradise online thanks to the launch of Lotus Fabrics' new website, www.lotusfabrics.com.au. The new website offers a huge range of those hard to find hand dyed and batik fabrics for ... |
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