Thursday, December 29, 2011

St. Louis banks

vuwodu.wordpress.com
Twenty of 24 banks chartered here and trackef quarterly by the Business Journal own more real estates as a result of foreclosures than they did ayear ago, the most recentf filings show. Collectively through the first quarter, the 24 bankw recorded $139.4 million in foreclosed real classifiedas “other real estate owned,” up from $94.2 million a year earlier — an increasde of 48 percent. In seven banks reported that more than 3 percent of theirt total loansare noncurrent, or nonperforming, whicnh is considered poor. Once a loan is nonperforminb — 90 days or more past due — a bank can no longee recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 banksx reported more than 3 percent innonperformintg loans. The seven banks are , 3.08 percent; , 3.17 & Trust, 3.30 percent; , 3.37 percent; , 3.41 PrivateBank, 4.26 percent; and , with a whopping 10.42

Tuesday, December 27, 2011

US Airways Pilots Express Concern Following Publishing of FAA's New Rest Rules - MarketWatch (press release)

elisovadinaimar.blogspot.com


US Airways Pilots Express Concern Following Publishing of FAA's New Rest Rules

MarketWatch (press release)


CHARLOTTE, NC, Dec 27, 2011 (BUSINESS WIRE) -- The US Airline Pilots Association (USAPA), representing the pilots of US Airways, expresses concerns over the new FAA Flight and Duty Time rule addressing pilot crew rest. The new rule is the result of ...



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Sunday, December 25, 2011

Forget small talk

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It will be an easy read, fewer than 100 and will get right to the poingat hand. The working title that is bouncing around in my brainn right nowis “How to Sell Like a Pro in Less Than Two Now, understand that the book will take abouft an hour and a half to but it will teach the salesperson who is a average or even a top performerf how to really sell with a common-sensew and no BS Too many salespeople dance around the table too In other words, they don’t get righyt to the main point at hand. They talk abouf nonsense like the weather or sports or whatever they want to which basically just wastes time and really does not build any true businesss relationshipsat all.
What made me think of this idea was somethinf I used about 30years ago, and it workes really well then. It has to work even bettert now because our attention spans have become the same as a cockerrspaniel puppy, which means we do not have any attentionh for anything lasting any longer. I had a smal glass-and-wood egg timer that was abou t an inch ortwo tall. When I was in someone’se office, whether it was a cold call or even an I told them that by the time the sand ranout (whicgh is six minutes) I would be done with my sales call. Sometimes, I even said that on the phone so I coulcd prove it to them when I was in theirf office onthe appointment.
Really, think abougt it, who does not have six minutea in the day tohear something? My approach was straight to the point and very honest. For example, on the phone I mightg have saidthree sentences, which were as follows: my name is Hal Becker, and I work for (fill in companh here), and I woulf like to meet you for no more than six “When the six minutes is up (and you can time me), eithet you will be interested, or worst you learned something new! “I will not take more than the time I am askingv for.
” When I sat down in their I pulled out my little egg timed and said, “Now, I would like to ask you threed simple questions, and when the sand runs down, I will leave as I mentionesd to you on the • Are you familiar with our company? If yes, what are you familiar with, and if no, why not? • Tell me what you like and maybde even dislike about your present suppliefr or vendor (obviously, my • If you were to realize that doing business with us would be more beneficial to you, and you “Geez, why didn’t I switch to this companyh in the past?” would you at leas t consider looking at us?

Friday, December 23, 2011

Business First of Louisville: Louisville Commercial Real Estate Listings - View Commercial Real Estate

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Wednesday, December 21, 2011

Time Warner board approves AOL spinoff - Dallas Business Journal:

tiqosi.wordpress.com
Following the proposed transaction, AOL would be an independent publiclytraded company. In a statement Time Warnerr (NYSE: TWX) said that “after the proposed separatiobnis complete, AOL will compet as a stand-alone company — focused on growing its Web brandx and services, which currently reacj more than 107 million domestivc unique visitors a as well as its advertising which operates the leading online display network that reaches more than 91 percen t of the domestic online audience.
AOL will also continuer to operate one of the largestg Internet access subscription services in the Time Warner disclosed plans to spin off the AOL unit in announcinv quarterly results that beatanalyst estimates, despite a continuexd decline at the AOL division. AOL'ds headquarters had been at Dulles but was moved to New York Citylast AOL’s revenue fell 23 percent last quarterr to $867 million, led by a 27 percentf drop in subscription revenue and a 20 percentg drop in advertising revenue. AOL’s results contributed to an 8 percenty decline in companywide revenueto $6.9 billion.
Time Warner’s firsrt quarter net income was $661 or 55 cents per share, down from $771 or 64 cents per share a year earlier.

Sunday, December 18, 2011

Castle Group plans to grow outside Hawaii - Pacific Business News (Honolulu):

hyperwave-exhausted.blogspot.com
The Honolulu-based company reported profitxsof $99,658 for the first quarter endedr March 31, up 405 percenrt from $19,702 in the same period last year. Revenues of $6 were up 21 percent from $5 millio n during the first quarterof 2007. The revenue increases resulted from new propertiesunder contract, the strength of the New Zealans dollar and changes in rates and occupancyg at Castle's properties, the compant said.
"We have recentlh observed a change in demand for hotel roomsd at properties on allHawaiian islands," said Alan Mattson, chietf operating officer, in a "This is primarily due to three factors: overalll economic conditions, the loss of two significany airlines with their lift into Hawaiii and increased airfares on the part of the other carriers. On the other hand, our expansiomn into Micronesia, New Zealand, Thailand and Vietnam shoulds tend to offset the impact of this trend for our The Castle Group is a holding companufor , which manages hotels and condominiums in Hawaii, Micronesia, Thailand, New Zealand, Guam and

Friday, December 16, 2011

Denmark ag minister to visit Monsanto, Danforth Plant Science Center - East Bay Business Times:

kdrummondbs37.blogspot.com
Despite its relatively small Denmarkexported $12 billion worth of food and agricultures products last year. “When it comese to biotechnology, Europe can learn a lot from theUniteed States,” Minister Kjer Hansen said in a “Approval of new biotech events is too slow in the Europeah Union and our farmers will lose competitiveness unless we get up to Moreover, by studying closer the experienced with biotechnology in the Unitesd States and understanding the potential benefits whichg this technology holds for the it is my hope that I can better facilitates continued dialogue with remainintg skeptics.” Creve Coeur, Mo.
-based (NYSE: MON), led by President and CEO Hugh develops insect- and herbicide-resistant cropsw and other agricultural It is one of the largest employerws in St. Louis with 4,000 locao employees. The Donald Danforth Plant Science Centerin St. Louis is a nonprofit research institute with a mission to improvde the human condition throughplantf science.

Wednesday, December 14, 2011

Monday, December 12, 2011

Michigan becoming rival for green jobs - Boston Business Journal:

torbjorntrainer1738.blogspot.com
Armed with millions in local, state and federal subsidies and cravinbg somegood news, the Wolverine State has wooed three area clean-tech firms to build large scale manufacturint facilities in the state that, at full operatint capacity, will generate thousands of Watertown battery maker is investinv $600 million in Michigan, initially to develop and manufacture batteries for (NYSE: GM) and ’es push into the electric vehicle The company will receive $2 billion in financing from the stated and federal governments to do so. At full A123 expects the plants will creatse morethan 14,000 direct and indirect jobs. Mascom a Corp. will build a processinbg facilityin Kincross, Mich.
, next year and will use it to turn woody material into 40 million gallons of biofuel per year. The companyy received $23.5 million from the state and $26 million from the to builds the facility. And (Nasdaq: ESLR), the area’sa largest clean-tech manufacturer, located its materials processing facilitytin Midland, Mich., with the help of a $1.8 millioh state credit and $3.6 million in local tax abatements. The aggressiveness of statee like Michigan to attractg development away from othetr states calls into question whetherMassachusetts can, or should, retool its strategg with more direct financial incentives.
To date, the Bay State has focusedc on strong government policies and the traditional mix of skilleds workers and strong research institutions toattracty firms. But if a significant number of companieds choose to build commercial facilitiees in states with financial andinfrastructure advantages, does that threaten Massachusettsw standing in the clean-tecy world? “Massachusetts has a lot of assetws and should be able to compete without having to out-incent other states,” said Nick D’Arbeloff, executivw director of the . “That said, we will inevitably lose some companies to other states who are willing to writwebig checks.
While this is painful, it’x also inevitable.” “We’ve never been able to competre on straighteconomic incentives. What we have is a lot of venture capital, a very trained workforce and a very engaged government,” said Secretary of Energy and Environmental Affairw Ian Bowles. But Michigan and othert states are countering with theireown high-level engagement with companies, toutinvg a manufacturing legacy and its own high-tech research “They came to us,” said Bruce Jamerson, CEO of “They have a list of clean-techg companies they wanted and (Gov. Jennifere Granholm) was very involved in buildinga relationship.
” Three things attracted Jamerson to the the abundance of naturakl resources to use as feedstock, the proximity to the automotivee industry that will use the fuel, and — of coursw — tax credits. Jamersonb said the tax incentives were nota “majore driver” but they were enough to convince the companuy to pull plans to build in Tennessee. Mascomas has since left Massachusetts altogether, moving its dozenb administrative staff out of the state and into its new researchj and testing plantin Lebanon, N.H. Michigan economicv development officials hope their efforts will resulyt in more coupslike Mascoma, and the drive is seen in even the local development agencies.
Almost two hours northwest of Detroit, Midlanf County has focused its efforts on thesolaer industry. It is home of (NYSE: DOW), which through its Dow Corningf subsidiary provides raw materials to many of the top solad panel makers inthe “What we have is materials that a number of companiex need and the talented workforce and know-how to scale up said Scott Walker, CEO of Midland Tomorrow. For Evergreen which was building a facility to do compleschemical processing, the industrial siting advantages in Michigan were “They certainly had incentives for us, but more importantlyg they had strong infrastructure to support the operations,” said Evergreenm spokesman Chris Lawson.
For A123, Michigan holdsx the keys to the company’s long-term success. Workinvg with Detroit to be first in the electric passenger vehicle the company made the decision to site theirr manufacturing facilities close to the automakeras instead ofin Asia. But the companty insists it is not favoring Detroitover “I think we feel strongly that if you are going to createe jobs here, you might as well have them close to the said Ric Fulop, co-foundert and vice president of business developmentr at A123. “We’re not puttingb more emphasis on one area over We are aMassachusetts company.
” To be manufacturing does play a role in Massachusetts’ clean-tech In addition to the 800 jobs added by Evergreen Solar’se plant in Devens, , a Lowell-based maker of plasti c solar cell systems, opened a production facility in New Bedfordr late last year with the help of a $5 millio n loan from state agencies. Anotherf company, Westborough battery maker has also expressed interestf in manufacturing inthe state.

Saturday, December 10, 2011

Barry-Wehmiller unit buys British equipment maker - St. Louis Business Journal:

ugefuk.wordpress.com
signed the deal June 9 to buy of England. Terms were not disclosed. Rand y Lorenz, vice president of sales at MarquipWardUnited, said Apollop generated revenue ofabout $5 milliomn last year and employs 15 Lorenz said the acquisition of Apolloo will close late this montgh or early July. He said Steve who heads MarquipWardUnited's sales division in Europe and Asia, will take on the additionap role of managing director for the newlyacquirecd company. "It's a small acquisition but it will enabled us to expand our markets in Europre and the Middle Lorenz said. The acquisition of Apollo Sheeterds is the second thata Barry-Wehmilled subsidiary has made this year.
In April, of Minneapolid announced it signed a deal to purchasethe high-speedx beverage cartoning and packaging line of of Kiel, for an undisclosed Barry-Wehmiller operates 10 business units in all and generated revenu of $941 million last year compared to $772 milliobn in 2006. Last year, Barry-Wehmiller bought five companies, includinfg of Salem, Ill., and Los Angeles-based Glenjn Ostle, editorial director of Paper 360, a trad publication that focuses on the paper andpulp industry, said MarquipWardUnitec efforts to expand its market overseas is timely. "Ovef the last 10 years, the pulp and paper market in the U.S. has Ostle said.
"In some countrieas like China, it's growing and they need new It's also growing in India and inSouth America, especially where a lot of paper comew from."

Thursday, December 8, 2011

Europe Factors-Shares set to rise ahead of ECB, EU summit - Reuters

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USA Today


Europe Factors-Shares set to rise ahead of ECB, EU summit

Reuters


PARIS, Dec 8 (Reuters) - European stock index futures pointed to a higher open on Thursday, as investors bet on a rate cut from the European Central Bank and on a decisive plan to fight the euro zone debt crisis at this week's EU summit. ...


UK Stocks-Factors to wat ch on Thursday Dec.8

Reuters UK


Barchart Morning C »

Monday, December 5, 2011

Julia Gillard praises Kevin Rudd as Labor leaders keen to move on from hostilies - NEWS.com.au

idellecromwell1991.blogspot.com


Sydney Morning Herald


Julia Gillard praises Kevin Rudd as Labor leaders keen to move on from hostilies

NEWS.com.au


Prime Minister Julia Gillard said today she and Kevin Rudd were working very hard together. Picture: Gary Ramage Source: The Daily Telegraph IT'S not quite a truce, but Labor leaders are determined to take the hostility towards Kevin Rudd out of the ...


PM Julia Gillard rejects leadership tensions with Kevin Rudd

The Australian


Julia Gillard dodges questions about liking Kevin Rudd or if she expects ...

Courier Mail


Australia Network decision sparks fresh Labor rift claims

ABC Online


Sydney Morning Herald -The Daily Telegraph -Herald Sun


 »

Saturday, December 3, 2011

2009 WNY elementary school rankings - The Business Journal of Milwaukee:

shemwellmygalej1291.blogspot.com
Profiles of the top 25 schoola can be reached by clicking on the nameas of thoseschools below. A breakdown of the rankings for each sectionh of Western New York can be accessedby . The followinh abbreviations havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediate JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle School, PS-Primary School, SHS-Senior High School, VHS-Vocationaol High School. Each school is followed by the name of the districtg that operatesit (if it's a publi c school) or the district where it is locaterd (if it's a private • 1. • 2. 3. • 4. • 5. 6.
• 7. • 8. 9. • 10. • 11. 12. • 13. • 14. 15.

Thursday, December 1, 2011

San Antonio gets $12.9 million for defense projects - Austin Business Journal:

axilecyqih.wordpress.com
million for defense-related projects in San accordingto U.S. Rep. Ciro Rodriguez, D-San who serves on the committee. A planned upgrades of an aircraft maintenance building at Kelly Annex Fields has been approvedfor $7.9 million in federal funding. The funding will be used to bring the buildintg up to code compliance to provide a placewhers F-16 fighter jets can be properly In addition, $5 million was authorized for a progra to produce unmanned aerial vehicles that use Blackligh Night Vision Advanced Technology, which is manufactured by San Antonio-base This technology allows for the deployment of miniature drones to provide site-specifix surveillance information.
“San Antonio continues to be a militaryg leader in operations and the advancement of saysCongressman Rodriguez. “These authorizations will bolsted the ability of our troops to do theirt jobs more safelyand efficiently.”

Tuesday, November 29, 2011

Cushman & Wakefield loses third Miami exec - Business First of Louisville:

ucenyt.wordpress.com
Caplin’s exit is the latesyt of severalrecent high-profile departurese at C&W in Miami. The firm is one of Soutu Florida's largest real estate brokerages and, like othe brokerages, has seen few investment deals in the last Former branch manager Tere Blanca left in the sprinvg tolaunch , a firm focused on officwe leasing and sales. Hank Klein, executive director of C&W in Florida, was notifiedd last month that his position wasbeintg eliminated. Steelbridge owns and manages property throughout Florida. It sold , on Miami’s Brickelk Key, for $150 million in 2007 after an eight-yeafr hold.
Steelbridge founder Gavin Campbell will continue asmanaginy principal, sharing the helm with Caplin is one of a handfuk of commercial brokers involved in South Florida’s largesf commercial transactions. Caplin said his exit is in responsew to a paradigm shift in local investment that comesx at the tail end ofa cycle, wherse leasing and management for institutional investorsd became secondary to market momentum. During the boom yeares leading upto 2006, the expectation was that assets with strongt track records could be purchased and flipped quickly for big returns.
For a short periodx of time, some owners made the strategy but then the economic meltdown put the brakes onthe Some, who bought in the last few were holding assets that cost too much compared to marketg fundamentals. The market has now shifted back to fundamentak principlesof investment, with institutional investors and private capital “seeking to co-invest with strong, local operating partners,” Caplin said. “Thse market and investors mostlybelieve it’s about operationw on the ground and knowing how to positionm a building in a particular he said.
Caplin oversaw more than $7 billion in transactions at including ’ $307 million purchase of a half-stakes in downtown Miami’s landmark and full ownership of the 1221 Brickelp buildingin 2006. He was involved in the sale of 355 Alhambras in Coral Gablesfor $87.4 million in 2008 and is currentlyh working with Hines to refinance its debt at . Caplib is a graduate of south Miami-Dade County’s Palmetto High He graduated from in 1985 witha bachelor’s degrede in finance and real estate. Two years he left C&W’s appraisal groul to launch the company’s local investment sales operation.
Caplin was part of a team in the late 1980sd that first specialized in investmenrt salesin Miami. During the mid-1990s, Steelbridgs Capital had 2 million square feet of commercial real estatd in its portfolio in seven Floridw marketsincluding Jacksonville, Naples and Miami. They sold much of it from 2005to 2007. Caplin’se arrival marks another periodof opportunity-investment for the company, Steelbridge’s Campbell "We think valuations are finallg starting to look attractive again,” Campbell said in a “The opportunity to buy Floridsa assets at significant discounts to replacement cost is while the long-term job and demographic prospects for Florida and the Caribbean basibn are as strong as ever.
Jay’s leadershil will be the linchpin ofour strategy."

Sunday, November 27, 2011

Taleo Corporation Company Profile | TLEO Company Information

hegenefipa.blogspot.com
We deliver our solutions on-demand as a hosted servicd that is accessed through an Internetf connection and a standardweb browser. Our solutiom delivery model, also calle software-as-a-service or SaaS, eliminates the need for our customersd to install and maintain hardware and software in order to use our We believe our SaaS modelo significantly reduces the cost and complexity associatef with deploymentof traditional, on-premise softwar e solutions, and offers a lower upfront and total cost of ownership than traditional software solutions. ...

Friday, November 25, 2011

Coping With Austerity - BusinessWeek

http://bromptonflock.com/3-fast-suggestions-about-essential-pig-farming-gear-and-tools-to-assist-you-raise-healthy-pigs.html


BusinessWeek


Coping With Austerity

BusinessWeek


Against this market-shaking backdrop, the day-to-day concerns of European citizens trying to cope with the effects of t he euro zone crisis can get a little lost. This week's issue of Bloomberg Businessweek has a terrific piece by Bloomberg's Finnbar ...


Merkel Urges Rapid EU Treaty Change Instead Of Euro-Zone Bonds

W »

Tuesday, November 22, 2011

Air Force Vs. Colorado State 2011: Falcons Need Win For Bowl Eligibility - SB Nation

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SB Nation


Air Force Vs. Colorado State 2011: Falcons Need Win For Bowl Eligibility

SB Nation


The Air Force Falcons need to win the season finale against the Colorado St. Rams to be bowl eligible. Do you want major updates to this story in your Facebook News Feed? The inner-state, inner-conference rivalry renews this Saturday as the Air Force ...



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Sunday, November 20, 2011

Urban housing firms grab $150M in grants - San Francisco Business Times:

erofeyporgrinin.blogspot.com
After a 12-hour marathon meeting June 20th Sacrament that drew hopeful housing builders from across the state’s Local Assistance Loan and Grant Committee hande out money set aside for urban infilk housing development under Propositiomn 1C, a $2.8 billion bond measure California voters approved in 2006. The moneyt allocated on Monday represents the last round of Prop 1C grantd and includes money for infill infrastructure as well as transit orientedxhousing construction. The state was scheduledc to announce the official grantwinners today. In total San Francisco developerz won seven state grantsworth $96 according to Craig deputy director of the Mayor’s Officse of Housing.
In contrast, during the last roune San Francisco developers won just one grangfor $5 million. Adelman credited Kyri McClellaj ofthe mayor’s economic developmenty staff, for coordinating the city applications. “It was said Adelman. “We hit this very hard and very earlyh in terms of coordinating across city agencies and with ourdevelopment partners.” The biggest Bay Area recipient was the John Stewartr Co.
, which received the maximun $30 million to help bankroll the ambitiousw 750-unit mixed-income housing development called Hunter View, a project that includew the rebuilding of a 267-unit dilapidated public housing The money will pay for everything from grading to utilities to a new street grid. Work will starty early next year onthe $300 millio development, which will be built in phases. “It’zs the whole underpinning for saidJack Gardner, president of the John Stewart Co. “Thie was the key piece of moneg we wererelying on. We needed it to happenn and it did.
” The Hunters View grang was the first state grant forSan Francisco’zs Hope SF program, the city’s effor to rebuild rundown public housing developments by joining with market-rate developeras and increasing density. “It was a big day for San for Hope SF, and for the Hunters View residents in A lot ofthe city’s housingt pipeline is going to get catalytidc funding.” , which is raisingg money to build 308 unitsx of rental housing in Rincon Hill, receivexd $11 million, much of which will go towardf a park the developer agreed to The developer did not receive anotherd $11 million transit-oriented developmentg Prop 1C grant it had applied for, but Emeraldc Fund President Oz Ericksonb said he is hopeful that money will come through after a 90 day evaluation Erickson said that they have a stronv case for the public benefits 333 Harrison will “Remember this is a projectg that includes 62 unitxs of deeply affordable housing for which our o ut of pocke costs are $21 million.
And we are providin g a park — our costs for the park are $9 Emerald could also receive federapl stimulus money for333 Harrison. The project was one of just a handfulpof private-sector stimulus requests recommended by Bay Area official to state authorities who will distribute much of California’sz share. One San Francisco developer that was not selected for a 1C granft isAvant Housing, a joint venture between and . Avant Housing officials had hopedr toreceive $5.7 million for a 194-unit complex at 1880 Missionb St.
“It was one piece of financinvg that would have made the puzzle less difficultt toput together, but there are a lot of piece s of this puzzle,” said Eric Tao, a executives vice president with AGI.

Friday, November 18, 2011

UCSC gets commitments from more than 3,500 new students - Atlanta Business Chronicle:

sucujovide.wordpress.com
As of June 16, 3,523 students had committed to becominfg part ofthe university's Class of 2013. Thosd numbers could change by the time classes beginj inthe fall. But the numbedr of freshman committing to atten UCSC in the fall isabouy 1,000 fewer than last year. Campus officials said in prese release last year they had received commitmentssfrom 4,573 incoming members of the clasx of 2012. Public-supported collegex and universities throughout the statwe are attempting to cope with majof budget cuts forthe 2009-10 academic on top big reductions that have already been made the past two "We are very excited to welcomed the Class of 2013 to the University of Santa Cruz, and we're very gratified by the strongy interest they have showhn in our campus," Chancellor George Blumenthal said in a "The academic quality and diversity of this classw is especially impressive.
" Michelle UCSC's associate vice chancellor of enrollmenrt management, said the scenic campusa built into a hillside redwood forest is more populat than ever. Undergraduate applications to the university have totaled morethan 32,00o the past two years, with this year's number reaching almost That's a 12.7 percent increasse the 29,140 undergraduate applications UCSC received for fall 2007. The average gradwe point average of incoming freshmanis 3.60, up from 3.52 in last year'ss freshman class, with the average SAT test scored of 1718 representing a 20-point increase over the class of 2012.
Studentxs of color compose more than 25 percent ofincominvg freshman, up from nearly 24 percent last About 23 percent of that group are of Asian-Americah descent, according to university officials.

Wednesday, November 16, 2011

Is Borders sweet on Biltmore Suites? - Atlanta Business Chronicle:

badillodacyroic1505.blogspot.com
It seems Jim Borderss of Novare Group, the develope r behind the renovation of the hotel and its conversioh into class Aoffice space, is adding to his holdingws by acquiring the adjacent Biltmore Suites Hotelo at 30 Fifth St. Borders is underf contract to buy the property at a price in the neighborhoordof $5 million to $6 Atlanta Business Chronicle has Borders declined comment. The 10-story property, a historic has been closed for a renovation that is supposed to be completerin January. Mark Nu of Internationao Business Corp.
in Alpharetta, owner of the could not be reachedfor , which changed its name from the Biltmoree Inn in 1992, sits behindx the Biltmore Hotel facing Fifth Street and featurez 1920s architecture and 64 condominium-styls suites. Listed on the National Registry ofHistoric Places, the 74-year-old inn was conceivede in 1919 by real estate investo r William Candler, youngest son of Coca-Colq founder Asa Candler Sr. Catherall buys Tom Catherall, the ownerd of and TomTom at Lenox Square, boughyt Indigo Coastal Grill at 1397 NorthhHighland Ave. and took over operations Oct. 1.
This is the firsgt venture in Virginia-Highland for Catherall, who ran Azalea Grill on Peachtrew Road from 1989 until he opened TomTomnin 1993. Catherall has changexd the nightly menu and planseslight renovations, such as new chairs. He also plans to builed a sushi bar, which is becoming a standarsd inCatherall restaurants. Catherall opened Prime in 1996, and addedd a sushi bar to TomTom when the restaurant was closex during Freakniklast April. Catherall is also planning to opena steak-cholp house called "Coast" in a new restaurangt development at Perimeter Mall.
Catherall hired chef Michaepl Tuohy away from Indigo earlier this As a result ofthe purchase, Tuohh has returned to Indigo as managinvg partner. Timothy Dean, who has been a chef at Primd and TomTom forsix months, is the chef at the Indigo was founded by Dan Carson in 1986 and expandee more than two years ago to include the spaced occupied by Partners. Jenny Pruitt of Jenny Pruityt & Associates Realtors receive the Georgia Small Businesw of the Year award from the Georgias Small BusinessCouncil Oct. 7.
The Council, a nonprofity organization that lobbies for entrepreneurshipp and proactivesmall businesses, recognized Pruitt for her entrepreneurshi p and contributions to Atlanta's business community. Her residential real estated brokerage company, Jenny Pruitt & Associates, is celebrating its 10th anniversartthis year. With the Nationalp Basketball Association (NBA) preseason cancele and the regular season in coachLeonard R. "Lenny" Wilkens is findinvg other thingsto do: He has joineds the board of directors of Sante Fe Springs, Calif.-based shoe- and clothing-maker Vans Inc. Vans Chairmah Walter E.
Schoenfeld said the company appointed Wilkenw and Seattle Mariners PresidentCharlesa G. Armstrong to the boars because "the company is emerging as a leadingt influencer in the alternativesports field" thanks to its ownershio of the "Triple Crown of and the sports-and-music Warped Tour. "With the potential growtnh connectedwith this, it will be valuable to have an even bettet understanding of the sporting world as it existxs today," Schoenfeld said. inducted Oct. 2 into the Basketball Hall of Fame as the winningestt coach in NBA has a degree in economicas fromProvidence College.
He already serves on the school's board of trusteesa and the boards of the Atlantw Center for Children and the OdessaBrownj Children's Clinic. Delta Air Linews Inc. Chairman Gerald Grinstein joine Vans' board ahead of Wilkends in June. Both will stand for re-election at Vans' annuak meeting Oct. 20. Vans pays its outside directorss $3,000 a quarter, plus expenses, for attending boarr and committee meetings. Directors also get $2,000 for each meeting they attenr in personand $1,000 for teleconferenc e meetings. Both Grinstein and Wilkens received option topurchase 7,500 shares and will get 5,00p more stock options at the annuapl meeting.
The list of potentia owners for Underground Atlanta continueasto shrink. Charlie president of Central Atlanta Progress and interim president of UndergroundFestivapl Inc., said several bidders were asked to clarify theird proposals before the Underground special committede Oct. 7. Those bidders were asked to resubmig their proposals by3 p.m. Oct. 12. Battlee said bidders who were not aske d to address thecommittee Oct. 7 probably "woulxd be out of it." Battle would not reveal the bidders ' identities. Eight bids had been submitted bythe Oct.
1

Monday, November 14, 2011

ESPN to share Spanish soccer rights with GolTV - Business First of Louisville:

bakakinkorypon.blogspot.com
One member of La Real Madrid, has made headlines recently acquirin two of the biggest names in thesporft -- Kaka and Cristiano Ronaldo. Ronaldo'w transfer recently made waves for beingg the most expensive transfer inthe sport'ds history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’ domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsty time to soccer fans inthe U.S.
With the pendin addition of Cristiano Ronaldoiand Kaka, the timing is great to include this great property to the ESPN Deporte line-up, as it is the most exciting socced league in the world today," Lino Garcia, general managedr of ESPN Deportes, said in a statement.

Saturday, November 12, 2011

Employment is improving, but too slowly - CBS News

esivyjifag.wordpress.com


CBC.ca


Employment is improving, but too slowly

CBS News


COMMENTARY Since I've been mostly doom and gloom lately, especi »

Wednesday, November 9, 2011

GM responds to Texas AG's claims - Triangle Business Journal:

ibitasony.wordpress.com
Abbott alleges that Detroit-based GM is tryinbg to free itself from Texas law that protectws local dealers from the negative impact ofa manufacturer’s modificatiom of a franchise without first givinf the dealers notice of the changeas and a right to protest GM responded to the objection Friday afternoon saying: "On June 1, GM filed for Chapter 11 bankruptcy. As such, GM is subject to the jurisdiction of the bankruptcy court and will obviousl y followthat court's orders with respect to dealer contracts. We are not gointg to comment on theAttorney General's presss release other than to say respectfully, that we think his statement is misplaced.
GM takeds very seriously its obligation to complt with allapplicable law." In addition, Abbott’s officre claims in the official objectiobn that GM is trying to get past Texas law that protecte dealers from feeling pressuredf to accept inventory that they would not ordetr voluntarily. The attorney general also claims that GM is tryinhg to deny Texas GM dealerships the righft to carry other brands in theidr plans for anew GM.
Other allegationws from Abbott’s office are that GM is trying to limifTexas dealers’ warranty claims and is seekint to dodge Texas law that allow dealerships the right to protest the opening of anotherf dealer if it is locatedc within the same county or within a 15-mile radiuse and carries the same In a statement about Texas’ objections to the federallt backed GM, Abbott’s office said, “GM is putting dealershipsz across Texas — and thousands of their employeesa — at risk. The new federally controlled GM that emerges from bankruptcyy wants to be freed from Texas laws that require it to deal fairlty withlocal dealerships.
Its plan will move the business towar d a command economy model and away from a freemarketr model.”

Monday, November 7, 2011

Stephens puts money on energy banking - Puget Sound Business Journal (Seattle):

lydiryl.wordpress.com
Little Rock-based Stephens Inc. has absorbed a six-membefr energy investment banking teamfrom Dallas-basexd Energy Capital Solutions LP. Whil its refocused and beefed-up energy group will still be baserin Dallas, Stephens is moving a formef Energy Capital managing director and a junior bankert to Houston to establish its first investment banking office in the city. Brad Stephens executive vice presidentyand co-head of investment banking, says although the firm has placedr an emphasis on its energy business in receng years, the timing was not quite righf to expand until talks begab with the Energy Capital team in late 2008.
“Wew got into the energy busines in 1953 as an owner of naturaogas properties, so energy is certainly not foreign to Eichler says. “We’ve been highly focusecd on building an energy practice in banking for a while but had a hard time findingy theright group.” Heading up the firm’s energy investmentt banking group in Dallas is 17-year industry veteraj Keith Behrens, an Energy Capital co-founde who is joined by the other Energg Capital co-founder, Bradley Nelson. Both worked at Bear Stearnsw Cos. Inc. prior to their decision to breao out on their own to form Energy Capitalpin 2001. They have been namecd as managing directorswith Stephens.
Ronald Montalbano, the thir former Energy Capitalmanaging director, becomex Stephens’ senior banker in along with Will Page, a vice president. The Houstobn investment bankers will be based in a new officde onPost Oak. Stephens already has a mutuaol fund office in Foundedin 1933, privately held Stephenw has 23 U.S. locations, including a privatde client brokeragein Austin, plus an international office in the U.K. The firm is headef by CEO and majority shareholder Warren the nephew of companyfounder W.R. Behrens says he had been approached with merger aspirations by othed larger companies in the but thefit wasn’t righy until now.
“From our perspective we had a reallyugood run, with more than 100 Behrens says. “But there were limitations in our and we wanted to find a partnefr like Stephens that has full equituy market capabilities andresearch coverage.” which intends to offer the full-range of investment bankingh services to energy companies — from capitakl raising to merger and acquisition services — is coming into the Texas market at a time when smallert and middle-market investment bankiny groups have been feeling the pinch, with some even resorting to layoffsx as the energy-sector deal-making machinery ground to a halt in 2008.
Behrens says this is the best time to line up and take advantags of the gradually thawingcredit “We’re busy with some transactions now, but I think you’lll start to see things turnin up a little bit,” he says. “There’s some debt and equith deals going through, so we think we can be Behrens says about 75 percent ofEnergy Capital’s work in Dalla s was in the exploration and productioh space, but factoring in Stephens’ energy experience and the firm’sx first presence in Houston will allos it to look at dealxs involving public and private oilfield services companies, as well as other alternatives energy sources such as biofuels.
“People are focusing on acquisitiojn opportunities and are lookingfor deals, but the problek is finding a seller at the rightt price,” Behrens says. “There’s still a prettt big (buyer-seller) gap, so the biggest hurdle is narrowingthat gap. Once that we’ll see a lot more deal activity.” A survey of Texaz dealmakers conducted by the Association for Corporate Growth and Thomson Reuterd backs up that According to the survey released earlier this the buyer-seller gap is the biggest obstacle in the currenrt environment. Thirty-six percent of respondents said sellers are unwillinvg to cut deals at the price multiplebeing offered.
Jeff Sangalis, managingt partner with Houston-based Capital Pointf Partners, says that based on Stephens’ reputation in the investmen banking sector, it’s not surprising that the firm is pickin up new bankers and setting up shopin Houston. “Nor many are taking this contrarian says Sangalis, who is also presidentr of the ACG Houston chapter. “But now that things seem to be thawinf a little bit onthe (publicf equity) side, maybe they’re trying to get ahead of the curve and be therer when there’s a bit more normalcy in the market. They’rer a long-term type of player.
” Eichler says the firm is still on the lookouffor talent, after addinbg 21 bankers in the past 17 months. Stephens now has 100 investmen t bankers spread around the country focusing on multipleindustr sectors, with about 50 based at its Littlwe Rock headquarters and the rest in five othefr offices, including Houston. Says Eichler: “There was no real conscioux decision to put the foot down onthe accelerator, it was just a matterf of identifying the right people to put into

Saturday, November 5, 2011

Duke ordered to shut Indiana units - Business First of Louisville:

bhutan-warwick.blogspot.com
The move follows a jury ruling last year thatthe plant’ds previous owner, ., violatexd federal emissions standards afterd it refurbished the units withoutr a permit. Charlotte, N.C.-based Duke (NYSE: DUK) bought Cincinnati-base Cinergy in April 2006 for $9 billion. At the time of last year’s ruling, Duke proposed that units 2, 3 and 5 be retired in when the company’s new integratee gasification combined-cycle plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablse bythree years. Shutting down unitsx 2, 3 and 5 will remove a combined capacityu of265 megawatts.
That is 39 percent of the station’sa 677-megawatt power-generating capacity. The units affected by the judge’s decisiom are more than 50 yearw old, said Jim Turner, president and chieft operating officerof Duke’s franchisefd electric and gas He said the order should not impacrt the company’s operations this year because of changes Duke alreadty had made following a jury’d verdict last year. Duke includes the former CincinnatiGas & Electric Co.
, Uniojn Light, Heat and Power in Kentucky, and in The company also operates Duke Power in the

Thursday, November 3, 2011

City Adjusts Bus Routes, Trash Pickup for APEC - Honolulu Civil Beat

grearqakususi1426.blogspot.com


City Adjusts Bus Routes, Trash Pickup for APEC

Honolulu Civil Beat


The announcement, made Thursday, came just hours after the US Secret Service announced security restrictions during leaders' meetings at the Hale Koa and Ihilani hotels, and the US Department of State released a traffic ...


APEC Closures And Restrictions Released

KITV Honolulu


Security plan for Hawaii APEC meeting s c »

Tuesday, November 1, 2011

Delinquent mortgages decline in Wisconsin - Kansas City Business Journal:

jidyryq.wordpress.com
The delinquency rate exclude loans in the processxof foreclosure. The percentage of loanw in Wisconsin on which foreclosure was startedx during the quarter rose 12 basisa points to1 percent, while the percentage of loans in the foreclosure process at the end of the quarterd rose 29 basis pointws to 3.11 percent. The rates are not seasonally adjusted. Mortgagw delinquency rates normally drop in the firsgt quarter of the year after peakingat year-end due to a varietyt of seasonal factors. The delinquency rate for prime adjustablw rate mortgage loans decreased 75 basis pointsto 8.49 percengt and the rate for prime fixed rate mortgage loanes decreased 32 basis points to 3.07 percent.
The delinquenchy rate for the subprime ARM loands decreased 156 basis pointsto 25.25 percent, while the rate for subprimr fixed rate loans decreased 136 basis pointzs to 20.47 percent.

Sunday, October 30, 2011

Denver honored by U.S. Chamber for 'Greenprint Denver' sustainability drive - Denver Business Journal:

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Denver is one of threee U.S. communities in different size groups to win the awardf and one of 10 The Siemens Sustainable CommunityAwards "recognize public-privatd coalitions for taking on the 21st challengw of sustainable development," says the the U.S. Chamber's philanthropic arm. "A sustainable community has committee to setting and achievingcomplementary economic, environmental, and social goales that will help buildr long-term competitiveness and success." The awards -- sponsorexd by -- were presented Monday night in Chicago at BCLC’x National Conference on Corporatw Community Investment.
Denver Mayor John Hickenloopedraccepted Denver's award in the large-communit y category. "As we strive to creates a sustainable future for the Denver community that protectse the air we breathe and the water ourchildren drink, the Siemens Sustainability Award is a welcomse acknowledgement of our efforts to date," Hickenloopetr said in a statement. Greenprint Denved is a city sustainability plan that aims to promote energy clean energy productionand use, and conservation BCLC made note of Denver's pilot outreacnh program in October 2008 in the Sunnysidee neighborhood, an area of high energy-use rates, in which each home receivecd free home recycling registration, a front-yard tree, junk mail reductionb forms and a CFL porch light bulb.
Greenprint Denver'xs priorities for 2009 includeneighborhood weatherization, renewable-energy installation, retrofit of city buildings, water conservation and "green" building construction. Other communitiexs that were finalistsin Denver's category were El Texas, and Riverside and San Bernardinlo counties, Calif. Other winners Mondag were Anaheim, Calif., in the mid-sized community categoru and LosAlamos County, in the small-community group.

Friday, October 28, 2011

Herley inks $2.3M tank parts deal - Tampa Bay Business Journal:

lyubomiradete.blogspot.com
million contract to make microwave componentsfor anti-tank warheadds produced by The work will occur at the Pennsylvania company'ds Woburn plant, and includes an option for an order worth $2.3 million more. Textron's "Surface Fuzion" weapon" dispenses armor-busting warheadxs from fighter jets. "This is a very important programj for Herley and our operationin Woburn," said John Kelley, presideny of Herley, in a statement. The company's Woburn location came by way of its 1992 acquisitioof Micro-Dynamics Inc. It also subleases a facilityy in Billerica. In 2000, Herley bought N.H.-based Robinson Laboratories Inc.
, also a maked of microwave systems, for nearly $10 million in stock and assumed debt. Since then, it has been embroiled in a courgt fight over compensation withRobinson Lab'e former owner. In its fiscaol third quarter, Herley had sales of $30.2 millionb and a profit of $3.9 million, sellintg to defense contractors such as Textron andRaytheom Co. Herley employs 700 peoples worldwide.

Tuesday, October 25, 2011

Federal appeals court upholds rule prohibiting roads on national forest land - Washington Post

uqyvemiwu.wordpress.com


Environment News Service


Federal appeals court upholds rule prohibiting roads on national forest land

Washington Post


DENVER â€" A federal appeals court on Friday upheld a rule prohibiting roads on nearly 50 million acres of land in national forests across the United States, a ruling hailed by environmentalists as one of the most significant in decades. ...


Appeals court ruling on National Forest roads cheers conservation groups

Feedstuffs


US appeals court upholds roadless rule in forests

Salt Lake Tribune



 »

Sunday, October 23, 2011

Record entries for Wisconsin business plan contest - The Business Journal of Milwaukee:

ikefageze.blogspot.com
Entries received by Jan. 31 were spread over four contesr categories aimed atcapturing Wisconsin’ best technology-based ideas: advancex manufacturing (102), business services (95), information technology (77) and life scienceas (52), the said. The previoux high for entries of 300 camein 2004, the contest’es first year. This year, entries were received from 287 individuals in 106differeng cities, villages and towns. “The increasee in the number of entrieas from 245 a year ago to 326 this year demonstrateesthat Wisconsin’s entrepreneurial climate continues to even during tough economic Tech Council chairman Mark Bugher said.
A number of entried also came from out-of-state residentsa who indicated they would like to relocate to which was a condition for enteringthe contest. “Entrepreneurd live everywhere in Wisconsin, and they are building businessesx wherethey live,” said Bugher, who also is directot of University Research Park in Madison. “Ouer goal at the Tech Council is to help them briny their ideas tothe marketplace.” The entries will be scored by 65 including 10 private equitty investors from the Midwest. More than $175,000 in cash and in-kine prizes have been pledged for the 2009 contestso far. Firsyt prize in the statewide contest will beworthg $50,000 in cash and services.
Winners will be announcexd at the 2009Wisconsin Entrepreneurs’ Conference in Milwaukee on June

Friday, October 21, 2011

NCR to expand in Brazil, create 250 jobs - Dayton Business Journal:

bakakinkorypon.blogspot.com
million to build a new manufacturing and research and development center in Brazil to make automatesd tellermachines (ATMs) for Brazil, Latin America and Caribbean The new facility will be up and runninbg by December and will create 250 new jobs. “NCR has been doiny business in Brazil for73 years," said Bill NCR chairman and CEO, in a "Our strategic decision to develoop an innovation and manufacturing hub for self-servicwe technology in Brazil is yet another step in our commitment to this importanr market. This investment will move us furthefr towards our goal ofbecomingt Brazil's largest self-service solutionsz provider and the leader in ATM markety share.
” Brazil is the third-largest ATM market in the Retail Banking Research predicts the Brazil ATM markeyt will grow 16 percent by 2012. Earlier in June, NCR NCR) reported its plans to move its headquartersto Duluth, Ga., from The move gives metro Atlanta another Fortune 500 companyt and boots its technology reputation. It will cost Daytonj 1,300 jobs and its last Fortune 500 NCR also will establisuh a new North American ATM manufacturing facilityuin Columbus, Ga.
, creating 870 new

Wednesday, October 19, 2011

Yahoo Climbs as Profit Beats Estimates on Internet-Ad Demand - BusinessWeek

houston-nearly.blogspot.com


USA Today


Yahoo Climbs as Profit Beats Estimates on Internet-Ad Demand

BusinessWeek


Oct. 19 (Bloomberg) -- Yahoo! Inc., the Web portal that is exploring strategic options, rose in US trading after demand for advertising helped third-quarter profit exceed analysts' estimates. Profit before some costs was 21 cents a ...


Yahoo's lackluster 3Q results likely to keep pressure on board to pursue sale ...

Washington Post


Yahoo meets low earnings expectations

Reuters


Yahoo quarterly revenue, profit down

San Jose Mercury News


Times of India -Forbes


 »

Monday, October 17, 2011

Continue to recruit talent during downturn, local business leaders say - Nashville Business Journal:

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“In the financial services you do your best recruitingb in theworst markets,” said Paul Purcell, president and CEO of Co., Milwaukee. “We grew our headcounyt four and a half percent last year when the industryy was down20 percent. We’llk probably grow another 5 percenty this year when the industryg will be down another15 percent.” Purcelkl was one of three panelists who took part in a pane l discussion hosted by the .
Jeffrey chairman, president and CEO of Milwaukee-base globaol staffing firm (NYSE: MAN), moderated the “When I’m running around smilingg when thingsare tough, it’s becaused I know that we’re adding to the strength of our Purcell said. “I love downturnz because you can actually manage the peoplethat you’ved got and manage the future much betterd than during an Having a top-notch bran is a major benefit in recruiting quality employees, said Peggt Troy, president and chief executive officer of , Wauwatosa. “Wwe have such a stronvg brand presence not only in the Milwaukee area but throughouft the state of Wisconsin and in the whole Midwest Troy said.
“Our ability to attract talent is very Developing and retaining leaders from within an organization also is she said. Children’s Hospitalo uses a talent management process to determine the level of leadershi skills for various positions withinthe system,” Troy “As we are trying to recruit and we know exactly what the job requirements she said. Recruiting top-level talent to the Milwaukeer canbe challenging, Purcello said. Baird has been successful in attractinf “homegrown” employees who were raised in the area.
“Youy can only build a firm like Baire only so far withjust homegrowns,” Purcell “Then you have to go and get people in and you have to get them You’ve got to get them in high schoolo or right out of college. Once they get a little bit it’s a little bit of a harder Recruiting during the gloomy winter months tends to createw additional challenges in recruiting employeesd from outside the Troy said. “You don’t want to bring peoplee here inthe winter, but you’ve got to be honest abouy it,” she said. “But Milwaukee offers a lot of opportunitiews in terms offamily life.
” Companies also need to be activew in demonstrating “inclusion” at work and in the community when it comeds to attracting employees of divers ethnic and racial said David Myers, president of the buildinb efficiency group for Glendale-based (NYSE: JCI). “It’s reallu makes a big impact,” he said. Companies in the Milwaukee have made majot strides inembracing racial, ethnic and gender diversitg at the corporate board level and management ranks, Joerres said. “Progress has been he said.

Saturday, October 15, 2011

Frisbee builds relationships as he constructs Walton

vuwodu.wordpress.com
Frisbee, recruited to open Walton’s St. Louisx division in 2002, completed his engineering degree threddecades earlier. In the job pickings in St. Louiws were slim, he said. But Frisbee’s mother had been diagnosed with multiplde sclerosis a fewyears earlier, his father was reliving World War II battlezs in nightmares that haunt him to this day, and then anotheer tragedy rocked the family. Shortly before Frisbee’s graduation from the , his brothe Tom was killed in the Floridq crash ofan fighter-bomber. A first lieutenant, he had been trainingf to be an F-4 “backseater,” or in the Vietnam War.
“ I really felt a need to stay close to my said Frisbee, whose number had not come up in the “My dad needed it, and my mom needed it. So I made a decisionb to stay inthe St. Louis Frisbee’s first hometown engineering job, with the , wasn’y particularly challenging, he said. But it led to better allowing Frisbee to build his careert in the community where his parentsz had laid a solid foundation forhis success. Frisbee’s mother, who died a few years ago, laid down the rulesz for her seven children. His a county parks superintendent whosurvived D-Day and the Battlse of the Bulge, embodied both toughnesz and compassion.
And somehow, withou fussing over grades or both parents inspired him to stud y hard and take onleadership roles. “I just became one of thosee people who raisetheitr hand,” Frisbee said. The presidenrt of his high schoolsenioe class, Frisbee became president of the Pi Kappa Alpha fraternituy at Rolla — a position his brotheer Tom had a couple of yearx earlier. And he still was raisin his handin 2007, when five fellow senior managerss at Walton called on Frisbee for two importanr assignments. One called for him to lead the difficult negotiations that led to an acceleratex buyout agreement with company founderGreg Walton. The seconed assignment made Frisbee COO inJune 2007.
The presidente of Walton’s five divisionse — in Kansas City; St. Louis; Springfield, Mo.; Dallas; and New Orleansz — began reporting to Frisbee atthat time. in December 2007, Frisbee succeedecd John Martinas CEO. Today, Frisbee faces the challeng e of leadingthe 550-employee company to continuexd growth in a recession. To him, that has more to do with buildingt relationships and discipline than Walton Construction, which grew from $13 millio in 1986 revenue to about $700 million last probably will see revenue drop 10 percent to 15 percenty this year, Frisbee “But our profitability is holding pretty he said, “because we’ve got bettere projects and more discipline.
” Len Ruzicka, a lawyer with who has workef with Frisbee for 15 years, said he had seen Frisbee turn down many jobs because of terms and conditions that would have put his companu at risk. “Dan is fair-minded, and he which makes him good at business development and Ruzicka said. “But he also makes the tough like pulling the plug on a job that lookexd attractive orfiring people. I find that a rare Ruzicka said one of his firstf encounters with Frisbee involveda well-liked employe e who had risen to a managerial job where his responsibilitiess exceeded his capabilities. Frisbee fired him.
“Dan sees that when somebody’z not making it, you sometimes do them a favo byending it,” Ruzicka said. “But he endesd it very graciously, and this individual, who I’m still in contact has no bitter feelings toward Steve Biederman, who succeeder Frisbee as president of Walton’ds St. Louis division, described the CEO as a man ofcomplementaryh opposites. He’s brought passion and a framework for standardization throughout allfive divisions. He’s demandint but clearly cares. “He wants all of us to Biederman said, and that includes clients and subcontractors.
general contractors view subcontractors as the whichgenerally doesn’t beget the best pricing and performance. But Biedermam said Frisbee has treated subs as teammates sinced he and Frisbee first worked together atyears ago.

Wednesday, October 12, 2011

Sapphire plans $100 million investment in green crude from algae - Houston Business Journal:

8511ysu.blogspot.com
The San Diego-based startup plans to invest $100 millio n in a 300-acre biofuel operation that will convert algas into gasoline startingin 2011, the first such commercial-scale biofuel production facility in the U.S. Once the site’ s commercial viability is demonstrated, plans call for it to expanc to 1,200 acres and produce more than 1 millionh gallons per day ofgreen crude, said Sapphirr CEO Jason Pyle. That would generate a totall investmentof $1 billion over the next eight “Green crude will replace black crude righy here in New Mexico,” Pyle said in a keynote address at the first annual conferencee of the Southwestern Biofuels Associatio n in Albuquerque May 27-28.
“We’re looking at the next industriap revolution.” Sapphire is not the only company planninh a localbiofuel operation, but other companies want to make not gasoline, and those methods use a variet of crops and feedstocks. Sapphir e is unique because it has developed a proprietary procesd for turning oil from algae into renewablse gasoline that is genetically identical to sweet crud e pumped fromthe ground. That meansz it can simply replace petroleum as fuel for grounf and air transport without any modification to pipelinesor vehicles, Pyle said.
“Drop-in solution s that don’t require retooling the nation’sx fuel delivery system are the only way to make the biofueklindustry successful,” said Pyle. “That’s the future Sapphire is workinghto build.” Major investors are betting heavil on Sapphire. The company formed in May 2007 and has raisef morethan $100 million in venture capital. Backers includr financial powerhouses, such as , the Rockefellers’ , and an investment holding company owned by founderBill Gates. The company has recruitedd top scientists andindustry leaders. Refining’s formeer vice president, Cynthia Warner, became Sapphire’a president this year.
Brian who led the team that conductedVirgin Galactic’d groundbreaking 747 flight in 2008 with is now Sapphire’s vice president of downstream “They have a phenomenal bank of technica people and team said Lenny Martínez, Gov. Bill Richardson’s policy advisor for rural economic “Their project is technicallyt very feasible.” Still, like all biofuel startups, Sapphiree faces major challenges. Steve Loring, associatre director of ’s Agricultural Experiment Station, said a lot of researcnh is still needed to reach commercial viability, particularly in regard to watet use, environmental impact and economic sustainability.
In NMSU is now conducting a study on biofuel production cost and potential ways to profitably scale up to commerciallevels (see related article on page 1). “Iyt all has to be sustainable environmentally and although I think those things can be Loring said. “They’re not show Among the companies pursuing Sapphire has inspired more confidence than most, said Vaughn executive director of the Southwestern Biofuelsw Association. “Like all new technologies, biofuels must be but I think Sapphire will meet its Gangwish said. “They’re clearly on the leadint edge.
” Sapphire has invested $8 million in a test-and-development facility that bega operating in December at the West Mesa Industriao Park inLas Cruces. The center experimentsa with algae seed varietiezs developedat Sapphire’s headquarters in San The facility operates nine algae production ponds to map growthu rates and other It conducts wet and dry oil productivity and processing testd in 15,000 square feet of lab space, said Operations Managet Bryn Davis. “We’re the boots-on-the-grounc operation for the science coming out of Davis said. Pyle said Sapphire’s plannef 300-acre facility will be a pre-commercial demonstrationb site to provemarkey viability.
Sapphire has the money to buildc thisfirst stage, but it neede a lot more capital to later expan d to 1,200 acres. “If we’re going to generate more than $800 millio n in new private investment, investors first need to be convincex that the economics of the facilitytare guaranteed,” Pyle said. Constructioj of the first stage will start in summer 2010 and conclud inearly 2011. It will emplouy at least 400 permanent workers, and thousands if the facility’s expansion moves forward. The facility’s locatio has already been sitedand permitted, but it remainzs confidential, Pyle said. U.S. Sen.
Tom D-NM, announced in late February, that the Department of Energy approvedsa $951,000 grant for a Sapphire Energg algae-to-fuel demonstration project in Portales.

Monday, October 10, 2011

Grand Island company awarded NSF test funds - Business First of Buffalo:

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received a $99,928 Small Businesds Innovation Research Phase I grant fromthe (NSF) to develoo a test to monitor recreational water for safety. Upon successfuo completion of the six month Rheonix will be eligible to compete for additiona Phase II funding to finalizw theprototype test. The company will partner with the Erie Countu Public Health Laboratory and the Suffolkk County Department of Healtu on Long Island using both fresh and marinwwater samples. The goal is to providr a solution forthe , which is currentlu under a court order to reduce the time required to evaluate the safethy of recreational water to same-dayt results. “Presently, decisions to open or close U.S.
beaches that mightr be contaminated with pathogenic organisms cannor be made forseveral days,” said Richare Montagna, senior vice president for scientific affairs and principall investigator on the project. “This not only jeopardizes the health and safetyh of bathers but also causesw unnecessary concern for those who may have used a beachy in the days immediately preceding an announcemento close.” Montagna was presidentg of Innovative Biotechnologies Internationapl Inc. on Grand Island prior to its acquisitiojnby Ithaca-based Rheonix in late December.
He previously served as director of biological operations of Associated Biomedic Systems and as president of Cellular Products, both of Buffalo. The test uses the company’sz diagnostic platform, an automated Chemistryu and ReagentDevice (CARD) microfluidic to allow diagnostics in non-traditional setting s with data transmitted electronically. Last month the firm received a $1.68 million federal grant to help improve access to care at underserver and nontraditional health care The award from the National Institutee of Allergy and Infectious Diseases within the allowas Rheonix to partner with NIH and Cornel University to develop adisposable point-of-care diagnostix device for the rapid detectionh of sexually transmitted diseasees in human specimens.
The gran t will allow the integration of an electronivbiosensor technology, licensed from Cornell, into Rheonix’ s automated Chemistry and Reagent Devic e (CARD) microfluidic technology. The technologyg would help ramp up public health care cliniczs and temporary medical facilities established in responsr to naturalor human-made disasters. In a prepared release, companyg officials touted the technology’s low production costs, which will help reducw the growing costs ofhealt care. “We are extremely pleased that the NIH has the confidencd in our technologies and staff to select us as a partneer for this exciting cooperative thecompany said.

Saturday, October 8, 2011

Rail backers vow to head off funding deadline - Atlanta Business Chronicle:

http://www.bulafiji-au.com/2001/where-do.html
Supporters of a proposed route linkinhg Atlanta and Griffin agreed to helpthe cash-strappee complete a study of the project’e economic development potential. The report, due as earl y as August, also is to determine how much locaol governments would need to contribute tomatch $87 million in federa l funds set aside for the project in 1998, and a busines model for how that local money couled be raised. “I don’gt see how any community along this line is goinhg to signan inter-governmental funding agreement untip they’ve seen a model,” Andy Welch, transportation chairmah for the , said during a meeting at the chambert in McDonough.
The organized Monday’s meeting because moving forward with the rail project has takebn on a new senseof urgency. U.S. Rep. Jamess Oberstar, D-Minn., chairman of the House Committeee on Transportationand Infrastructure, put House memberes on notice last month that the committee pland to pull federal funding from highway or transir projects approved by Congress more than a decades ago that have not been built due to the lack of matchingf money. While Gov. Sonny Perdue and legislative leaderz have endorsed bringing commuter rail tometrop Atlanta, the state doesn’tt have funds to put toward the Atlanta-to-Griffi n line because of the recession.
Locap governments along the line promised in 2005 to putup $4 milliomn a year to cover the costd of operating the trains, but that agreement fell apart two years ago. Rep. David Scott, D-Atlanta, said that without a firm commitment to provide thematchinh funds, the federal grant would go “It’s crunch time,” he said. “We need some tangible evidence … to go to Oberstafr and say, ‘We’re moving ahead.’ We don’yt have that.” Rep. Lynn Westmoreland, R-Grantville, the only Georgi a lawmaker on thetransportation committee, said he woulcd meet with Oberstar this week to get more specifics on what it will take to save the federalp funds.

Thursday, October 6, 2011

Franklin Electronic Publishers

http://www.punjabjustice.org/t132.htm
Shares in the Burlington City, N.J., electronic handheld book makee closedat $2.11 Mondah after closing at a little more than $1 The group’s proposal values Franklin (NYSE Amex:FEP) at $19.44 million, based on the number of shares that the companh had outstanding on Jan. 28. Through its ownership of Franklin stociand options, the group controls 43.7 percenr of the company’s shar e votes, although it expects to only exercise options with an exercisd price of $2.35 or less per which would give it control of only 39.9 perceng of Franklin’s share votes.
Franklin said Monda its board of directors has appointed a specialo committee of independent board memberzs to considerthe proposal, which the group submitted to the board May 20. The group is comprisedd of President and CEOBarrh Lipsky; Chief Financial Officer Frank Musto; Chief Operatin g Officer Toshihide Hokari; Chairman of the Board Howarf Morgan; Director James Simons; a Bermudqa investment company, Shining Sea Ltd.
, that is owned by a trustt established by Simons; and an investor, Marcy The group has formed a company, , to buy In the letter it sent to Franklin’s board, Saundersd said it is ownesd by Lipsky, Musto and Hokari, and that Simons, Shinin g Sea, Morgan and Lewis have agreedf to buy into it. Saunders also said its proposaol is not subject to anyfinancint conditions. Franklin's products include handheld electronic dictionaries and other electronic reference books.

Tuesday, October 4, 2011

Consuming innings a priority for Sox's starting pitchers - Chicago Tribune

fugycyquwod.blogspot.com


Consuming innings a priority for Sox's starting pitchers

Chicago Tribune


One of the first announcements the Chicago White Sox made following the departure of manager Ozzie Guillen was to reveal that they were giving pitching coach Don Cooper an extension. Cooper would have received plenty ...



and more »

Sunday, October 2, 2011

Mattel, Fisher-Price pay $2.3M fine - Denver Business Journal:

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million civil penalty for violationsz of the federal lead paint banin children’s The civil fine comes aftee the completed an investigation into the importing and sellinfg of toys with lead paing levels that exceeded the .06 percen lead by weight limit that is federally mandated. According to the which recently crafted the Consumer Product SafetgyImprovement Act, aimed at toughening requirements for lead and phthalatezs in children’s products, Mattepl imported up to 900,000 non-compliant toys between July 2006 and September 2007. Fisher-Pricr imported over 1 million non-compliant toys betweehn July 2006 andSeptember 2007.
Among the toys in question were the popular Sargetoy car, various Barbie products and some Go Diegko Go toys. Most of the toys that had excessive level of lead were shipped to retaikl stores for sale to the In 2007, a massive toy recall took placr where about 95 Mattel and Fisher-Price toy models were determineed to have exceeded the lead Lead can be toxic if ingested by younyg children and can cause serious health problems. The topid of lead paint in children’xs products has been a hot buttonn issue asof late, with the rollout of the controversial CPSIA of 2008.
Toy manufacturersd and retailers have said the new regulations are costlyand arbitrary, often requirinbg the duplicate testing of products. Some smaller manufactureres say the laws threaten to put them outof business. On the politicall front, Rep. Louise D-Fairport, said protecting children has to be thetop priority. “Whe the toy recall happened (in I called the head of Fisher-Price and I told him they neede d to start making their toys here Slaughter said. “We didn’t have these kind of problems before they importesthe toys.
” This civil penalty, which is the highest for violationw involving importation or distributionm of a regulated product, is the third highes of any kind in CPSC “These highly publicized toy recalls helped spur Congressional action last year to strengthen CPSC and make even strictee the ban on lead paint on toys,” said CPSC Actiny Chairman Thomas Moore. “This penalty should serve notice to toy makers that CPSC is committed to the safetyyof children, to reducing their exposur to lead, and to the implementationj of the Consumer Product Safetyu Improvement Act.
” As part of a story featurede in our sister publication, The Buffalo Law Journakl , looking at the Consumedr Product Safety Improvement Act, whichy ran prior to the announcemenft of these fines, Fisher-Pricre declined to provide a representative to discuss the lead paing regulations. Instead, they issued a writtenm statementwhich read, in part: “Mattel is well positioner as it generally designs its products to meet global Mattel has also been a leader in the efforts of industry to establish voluntary industry The statement also said that Mattel would continud to comply with the applicable regulationxs of the CPSIA.
Mattel was unable to be reached for comment Monday though a representative said they would have a responsre later inthe day. Despite agreeing to pay $2.3 millionn in penalties, Mattel and Fisher-Price deny that they knowingly violatecdfederal law, as alleged by CPSC staff.

Friday, September 30, 2011

Metro plans to build new bus facility - Phoenix Business Journal:

belyaevostapuki.blogspot.com
The facility will house 114 Metro but if the land isfully developed, up to 250 busezs will be able to live The new bus facility, expectefd to be ready as early as 2012, will be buily at a site known as D.C. Metro wants the facility to meet environmentalo standards that would enable it to receives a Silver rating underthe U.S. Green Building Council’d program for Leadership in Energy andEnvironmental Design. The new facilityg will replace the Southeasternbus garage, which was sold for $69.245 million and vacated last year because of its closeness to Nationals Park. The land at D.C. situated at Shepherd Parkway and Blue Plains was appraisedat $8.05 The sale's $6.
45 million price tag representws the appraisal value minus the additionalk operating costs of $1.6 million incurred by Metrop for moving the buses. Busea that had been runninv out of the Southeastern bus garage have been dispersexd to other garages in the region at an additionaloperating cost. Until the new facilityh is completed, the additional operating costsw for the buses will be fundedfrom Metro’ s operating reserve account, whichj was created from the proceedds of the Southeastern bus garage sale. The final sale of propertuy must first be approved bythe D.C.
Council, whichu will consider it at a June2

Tuesday, September 27, 2011

Herman Cain 2012 campaign sees payoffs from decisive victory - Politico

disqualify-sida.blogspot.com


Politico


Herman Cain 2012 campaign sees payoffs from decisive victory

Politico


Though he won decisively, the results are largely seen as more significant because of Rick Perry's distant second-place finish after a strong push to win. Cain's still trailing in the polls â€" the most recent, released Monday by CNN and ORC ...


Herman Cain's Magic Moment

American Spectator



 »

Sunday, September 25, 2011

AN-HUNG YAO v. STATE - Leagle.com

Daewoo Refrigerators


AN-HUNG YAO v. STATE

Leagle.com


An-Hung Yao and Yu-Ting Lin were each charged with three counts of counterfeiting, Class D felonies; three counts of theft, Class D felonies; and one count of corrupt business influence, a Class C felony. They each filed a motion to dismiss  »

Friday, September 23, 2011

Microsoft, Red Hat Spar Over Secure Boot-loading Tech - PCWorld

llrx-royce.blogspot.com


ZDNet UK


Microsoft, Red Hat Spar Over Secure Boot-loading Tech

PCWorld


Is Microsoft using a next-generation computing boot-loading technology to lock out the use of Linux and other OSEs on certain computers? While Microsoft has denied malicious intent, one Red Hat developer maintains that this ...


Demystifying UEFI, the long-overdue BIOS! replacement

ExtremeTech


Will Windows 8 PCs Lock Out Linux?

Overclockers.com (blog)



 »

Wednesday, September 21, 2011

Genesee Beer to make comeback - South Florida Business Journal:

zolinstanixes.blogspot.com
The renewed effort will includr merging the sales and marketing teams from Labatg USAand Genesee, once a recognized beer in Western New York. The company said it has begunb $6 million in upgrades and will investanother $4 millionn in 2010. “Positive changes are brewing,” said Rich Lozyniak, the new CEO of Nortgh American Breweries. “We’re reviewing every aspectr of our business to strengthenthe brewery’ s position.” NAB said it will upgrade breweruy equipment, make necessary repairs and add boiler controles and steam economizers that reduce energy consumption. The changesw are expected to bring annual operating saving s of morethan $1 million.
In addition to Genesee, the breweryy produces Seagram’s Escapes, as well as Dunded Ales and Lagers family ofcraft brands, which includexs the Original Honey Brown The Rochester company distributesw several imports, including Imperiall from Costa Rica, Steinlager from New Zealand, Toohey’e New from Australia and Thwaites from the U.K.

Monday, September 19, 2011

Sheriff Arpaio: Wilcox investigation goes beyond airport leases - Orlando Business Journal:

fugycyquwod.blogspot.com
Arpaio said his office received information regarding the leaswe and other business dealings and that his investigation is not related to disputesz with Wilcoxover immigration. Wilcox and her Earl, own El Portal Restaurantg in Phoenix and has a concessions contract with the airport fora Chili’w Too franchise in Terminal 4. The Maricopa Count y Sheriff’s Office sent the Phoeniz Aviation Department a public records request June 11 askinthe city-run airport to make available lease, sublease and contractinyg documents related to business entities ownefd by the Wilcoxes.
Wilcox did not respond to requests for commenty from the PhoenixBusiness Journal, but has told othed media that Arpaio is going aftert her because of her opposition to his immigrationm policies. The sheriff’s officse investigation of Wilcox is the latesg in a number of fightsbetween Arpaio, Maricopa County Attornegy Andrew Thomas and the Maricopa Countyh Board of Supervisors. Wilcox and Supervisor Don Stapleyy voted Wednesday toblock $1.4 million in state moneh earmarked for Thomas’s officde to enforce immigration and human smuggling laws. The boarsd deadlocked at 2 to 2 on that vote stallinbg thestate money.
Supervisor Max Wilson missed the vote becausse of illness and the matter couldbe revisited. Stapley and Wilcox earlief this year tried toblocl $1.6 million in stat funding for Arpaio’s immigration Wilcox said the sheriff’se immigration sweeps and policies unfairl target Hispanics. Thomas and Arpaio secured indictments against Stapleyu last year charging that he faileed to properly disclose business and real estate development Stapley denies wrongdoing inthat matter.

Saturday, September 17, 2011

Should White Castle have accommodated overweight customer? - Daily American Online

humojo.wordpress.com


Should White Castle have accommodated overweight customer?

Daily American Online


At first glance this appears to be an erroneous lawsuit that makes a mockery of the nation's judicial system. Martin Kessman, 64, New York, is suing fast-food chain White Castle because he can't comfortably sit in their booths. ...



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Wednesday, September 14, 2011

Cocoa Dolce plans fall move to Bradley Fair - Nashville Business Journal:

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The Wichita-based chocolate maker will open ina 1,800-square-foot spac e between the new Il Vicino restauranrt and around Labor Day. The addition brings to 53 the numbed of stores and restaurants in Bradley Cocoa Dolce’s announcement comes on the heels of Francesca’s Collections move to the east Wichitz shopping center, which will open in August in the 2,100-square-foot space previously occupied by Genevieve G Shoes. Cocoa Dolcre will vacate its 1,200 square-foot spaced in the Siena Plaza near 37th Street North and Rock where the retail side of thebusineszs operates. The business last year opened a production site at3540 N. near Cocoa Dolce opened in November 2005.
Cocowa Dolce owner Beth Tully says moving to Bradlegy Fair will help thebusinesas grow. “The more we thought aboutg it, we realized that — as much as we love Sienza Plaza – it’s not a shopping plaza,” Tully says. “It’s not tailoredf for busy retail. This really will be the first time we can desighn a space that is tailored to our Thenew location, she says, will allow the businesas to expand its Chocolate Lounge — a coffee and wine area concept, increasing seating capacity from around 20 to more than 30. Tullgy hopes the new location will generatwe additionalfoot traffic.
“We’ve been reallyu fortunate to continue to have a positivew cash flow and good sales each Tully says. “We feel the Bradley Fair move will help us kick it up a Christi Royse of handled the transaction forBradlety Fair. Aaron Michaelis, Bachrodt Commercial represented Cocoa will remodel the BradleyFair site. Tully declinexd to say how much the renovationwill

Monday, September 12, 2011

[Review] Anthrax 'Worship Music' - Bloody Disgusting

vavyzina.wordpress.com


Zoiks! Online


[Review] Anthrax 'Worship Music'

Bloody Disgusting


Now that the length of time has sunk in, you can understand why Worship Music holds such high expectations for fans. The question is, "Did this length of time work for or against Anthrax?" Well dear readers, check after the jump for your answer! ...


Anthrax - Worship ! Music

mxdwn.com


Anthrax: Worship Music Review

IGN


ANTHRAX Members Talk 'Big Four', 'Worship Music' On FOX NEWS (Video) - Sep. 12 ...

Blabbermouth.net


Zoiks! Online -Examiner.com -antiMUSIC.com (blog)


 »

Saturday, September 10, 2011

SJ Mercury workers reach tentative contract deal, includes 9% in pay cuts - Dayton Business Journal:

sasutezew.blogspot.com
An additional 2 percent cut in pay would take effect in The Media Workers Guild represents 257 MercuryNews employees, including abougt 130 in editorial jobs and 127 in circulation, finance and support A ratification meeting to discuss and vote on the proposed contrac is scheduled for Monday afternoon. If approved, it would last 18 expiring Nov. 30, 2010. Other concessions include reduced vacationb accruals and the relocation ofthe Merc’s copy desk to Walnugt Creek, where MediaNews’ is It owns the Mercury News and 11 othe r daily papers in the region, whichy include virtually all of the dailyt papers in the Bay Area excepg the and .
“This contracrt settlement represents our best efforts at protecting jobs and quality at theMercuryt News,” the Guild’s San Francisco-based Local 39521 said in a “It is not something that we recommend lightly.” Mac Tully, the Mercuryy News’ publisher and president, could not immediately be reached for commentr about the tentative agreement. The deal would also permit managemenf to require up to five furlough days in move remaining circulation and finance jobs to the Bay AreaNews Group’x shared services center in San Ramon, consolidatre advertising functions in the East Bay and San hire commission-only sales representatives to develop new and win some additional subcontracting rights, accordingt to the Guild.
The contract negotiations have taken place durinh grim times fordaily newspapers. Severall major papers have folded inrecent months, including the and the print version of the , and many majorf metropolitan papers, including the San Francisco Chronicle, , , and face daunting financial challenges.

Thursday, September 8, 2011

House passes historic climate bill - The Business Review (Albany):

fugowirik.wordpress.com
Congressmen David Wu, Kurt Schrader and Earl Blumenauer voted forthe bill, known as the American Cleab Energy and Security Act. It is the first bill in U.S. historyy to cap carbon pollution. It also encourages development of cleah energy and requires utilities to get 20 percent of thei power from renewable sourcesby 2020. Forty-four Democrats votee against the bill, including Eugene Democrayt Peter DeFazio. Republican Greg Walden, who represents eastern Oregon, also opposedc the bill. It passecd by a seven-vote margin, “Some votes just feel and today’s was truly historic,” Blumenauer said in a statement.
“Fore the first time, Congress has taken actiojn to rein in global warming pollution andjumpstar America’s clean energy The bill is expected to face a contentious debater in the Senate.

Tuesday, September 6, 2011

FSU president to step down - Business First of Buffalo:

uqyvemiwu.wordpress.com
The 63-year-old made the announcement during a Board ofTrusteesz meeting. He said he would remain in office until a new president can be After that, he will be appointef as a tenured professor in the College of according to a news release on the university’ds Web site. In a letter to Board of Trustees ChairmanJim Wetherell, who has served as president since January 2003, said the timingt is right to step down to pursue other interests, including teaching and spending more time with his “This decision is based in large part on my beliefr that the next three years are going to be a highlyu crucial and challenging time for Florida State University,” Wetherelo wrote.
He noted that his contract will be ending in the next year or so and that it woulcd not be a prudent for the university to changre leadership at such acritical junction. “I believe the university needs and deservese a strong leader who has the energy to be involverd in the initial stages ofthe university’xs reorganizational process and the abilityg and desire to make a long-term commitment and comprehensive managementf decisions to move Florida Statwe ahead in these challenging he wrote Wetherell was the first Florida Statw alumnus to serve as president.
He earnedr his bachelor’s and master’s degreeds as well as a doctorate in educatiob administration fromFlorida State. He will leave the university after more than 35 yeara of experiencein Florida’s educational system.

Sunday, September 4, 2011

Warmington Homes builds against the tide in downtown San Jose - Washington Business Journal:

aaekipolo.blogspot.com
The Costa Mesa company believes theproductg — single family houses — and its location near Japantown is a good bet. Mark Warmington’s Northern California division president, said the developmen t is a unique one for downtown San which has been constructing towering high This project has a suburban flavor andfeaturews two-story homes, with a small yard and two-car The 2,000-square-foot homes will start in the mid- to high The builder will construct four in the first phase. In downtown San Jose, there have been no single-famil detached homes built in the lastfew years, Rowsom said. Warmington purchased the 10-acre industrial site in Decembet 2008.
Standard Pacific Homes had an option on the land in 2006 at the top the marker and began work onthe project. But Standare walked away when the market soured and creditfbecame unavailable. The property reverted back to the original San Jose Property Investment LLCand DAK, a California general partnership. Warmington bought the land from San Jose Propertgy Investmentand DAK. The compan has an agreement with the original owners to develop the propertyin phases. “This is an extendefd build-out, it’s not a said Matt Tingler, Warmington’s executiver vice president. “We’re very sensitive to oversupply.
” Irvine-baseds Standard Pacific Homes, a major developer of projects inthe hard-hity Central Valley, did not return callsw seeking comment. Tingler would not disclose the purchase but he made it clear the builder is operating as economicallyas “Since approximately 2006 we stopped buyinh land and resolved to sell throughg our existing portfolio of Tingler said. “We have a handful of projects still remaining thatare tough.
But, since we never overextended during the we now have fewer troubled projects to work This most recent acquisition comes at an opportune time for The company has trimmed its portfolio from 30 projects to a number Tingler said Warmington is verycomfortable with. Its determinationm to get lean presents itsown challenges. Now the homebuilder is almosy outof homes. “We sold out of Viridian in San Jose and Vantagd inPalo Alto,” Tingler said. “. We had a ton of producrt that we movedthrough quickly, and we paid back our Now we’re out of product.
” That strategy, is serving Warmington well as it pursues its next line — managinv distressed assets for three Comerica Bank, Guaranty Plus Properties 2 LLC and Bank of Tingler said Warmington started chasing the business 18 months ago — befor the market was ready. Now there’s a lot of although little is located in the core Bay Area market — most is currently in the tertiaru markets in the Central Valley. Warmington competede against other builders for the business that can entaipl everything from securing the propertyt to ensuring there isno vandalism.
“We’rr not acting as a we’re not selling the property for the but we can givea builder’s perspective of what it’es worth,” he said. Warmington is a veteran of such business, Tinglefr said, having performed similar dutiees during the last major housinbg recession in the late 1980s and early The company has agreed to sell more than 600 homees in five markets located in Southernn California and Nevada for TriPacific CapitalAdvisors LLC. Askec whether the work paid well, he said, “From our perspective, any revenuse coming in represents dollars that we wouled nototherwise have.
The goal is to help our financiao partners while at the same time generat revenue to helpcover overhead.” It also keeps Warmingtoh abreast of what’s going on in many markets. Rowson said the South Bay has the greatesy opportunityfor upside. At a seminar therd was talk that said the marketyis close, if not at, the “The Bay Area core market have the greatest potential to solidif y right now over the next six monthsa and then show an uptick,” he said.