zuloraxelewo.blogspot.com
“It’s probably 20 to 25 percent saidJohn Vering, an employment lawyer in ’s Kansad City office. His estimation matches up with the increasein employment-related cases showing up on federal court dockets. In the , employmengt lawsuits for the first half of 2009 rose 21 percen t from the first halfof 2008, up to 80 from 66. This year’sx activity in the same court outpaced the firsy half of 2007 by35 percent. Similarly, nationakl statistics from the show marked increases in age discrimination claims, a symptom of a bad economuy as laid-off employees often older workers — sue to try to securd a better severance.
“You have got a lot of companiese that have been going in and scaling back andhavint layoffs, and a lot of the people who are getting laid off normallyy might not file a claim if they were able to get a job somewhered else,” said James Holland, a lawye r at . The EEOC receiveds a record number of age discrimination claimain 2008, rising to 24,58 from 19,103 in 2007 — a 29 percent Similarly, the monetary benefits paid to claimantse increased 24 percent from 2008 to 2007, rising to $82.88 million from $66.8 Attorneys don’t expect it to slow.
“u would be shocked if there was a saidMike Blumenthal, a lawyer at employmen t law boutique Employment proposals from the Obama administration, includingh overhauls of laws and limits on pre-employment arbitration agreements, may spike employment claims further. The growing workloaed has created a conundrum for Blumenthal abougt whether his firm will hiremore lawyers. “We’re wrestling with it becausd we are committed to trying to keep our shop on the smallo side and focused on what we he said. “But it’s becoming increasingly tough with the influx of caseswe have. We’re going to have to rethinki that.
”
Sunday, January 30, 2011
Friday, January 28, 2011
Merger could cost area jobs - The Business Journal of Milwaukee:
http://blook.bampfa.berkeley.edu/mt/mt-cp.cgi?__mode=view&blog_id=1&id=41
Brown Deer-based Metavante and of Jacksonville surprised investors and employeeas April 1 with the announcement that the two companies will Fidelity National is much largert than Metavante in terms of employees and international presence andits $3.44 billion revenure in 2008 is doubl e Metavante’s $1.7 billion. Some of Metavante’s 2,700 employees in the Milwaukeee area are likely to lose their jobs in the pending Fidelity National executives said they expecy the merger to resultin $260 millionh in cost cuts. The managemenyt of both companies will decide over the next two months wherr tocut jobs, said Don Layden, seniof executive vice president of Metavante.
“There will be some people whoses jobs will be redundant and will end up leavingvthe company,” Layden said. Metavante has slowed hiring and left positions open in recentt months as the companyg held discussions with Fidelity Nationalp about a possible Layden said. Overall employment has remained flat companywid atabout 5,900. Metavante’s Milwaukee-areaq locations include the headquarters; the Park Place offic e park on Milwaukee’s northwest side; Menomonee Falls; downtown and a data center in Oak The company, formerly known as M&uI Data Services, was spun off by of Milwaukee in Novembed 2007.
Metavante executives weren’t looking to sell, but were open to discussingy the possibility when Fidelity Nationalo approached them about ninemonths ago, Laydenj said. “They may have reached out to us, but it was a mutuakl discussion,” he said. The Brown Deer headquarters will lose a few top including CEO Frank Martire and presidenytMichael Hayford, who will move to Jacksonville and take top positions with Fidelity National. The Brown Deer offices will remain open and play an importanty role in thecombined company, Laydej said. Fidelity National has about 500 employeed already in the Milwaukee area at16363 W. Ryerson Road in New Layden said.
Fidelity National acquired in a September 2007 transaction thatincludecd eFunds’ Milwaukee-area offices. Metavante and Fidelity Nationao have manyoverlapping products, and the main savingsw will be gained by reducingt product and technology platforms, said Bart Narter, of a Boston financial industry consultingy firm. “The boldness of this move is a Narter said. “I would’ve expected both to be buyers — not, in the case of a seller.” Analysts expect the combined companies toaggressively cross-sell products and services to their existintg customers.
But in the shor t run, while Metavante and Fidelity National focus on merging their analysts said they risk losing business to competitorxs suchas , Brookfield. “We see this as a significangt opportunityfor us,” said Tom Warsop, Fiserv’e group president.
Brown Deer-based Metavante and of Jacksonville surprised investors and employeeas April 1 with the announcement that the two companies will Fidelity National is much largert than Metavante in terms of employees and international presence andits $3.44 billion revenure in 2008 is doubl e Metavante’s $1.7 billion. Some of Metavante’s 2,700 employees in the Milwaukeee area are likely to lose their jobs in the pending Fidelity National executives said they expecy the merger to resultin $260 millionh in cost cuts. The managemenyt of both companies will decide over the next two months wherr tocut jobs, said Don Layden, seniof executive vice president of Metavante.
“There will be some people whoses jobs will be redundant and will end up leavingvthe company,” Layden said. Metavante has slowed hiring and left positions open in recentt months as the companyg held discussions with Fidelity Nationalp about a possible Layden said. Overall employment has remained flat companywid atabout 5,900. Metavante’s Milwaukee-areaq locations include the headquarters; the Park Place offic e park on Milwaukee’s northwest side; Menomonee Falls; downtown and a data center in Oak The company, formerly known as M&uI Data Services, was spun off by of Milwaukee in Novembed 2007.
Metavante executives weren’t looking to sell, but were open to discussingy the possibility when Fidelity Nationalo approached them about ninemonths ago, Laydenj said. “They may have reached out to us, but it was a mutuakl discussion,” he said. The Brown Deer headquarters will lose a few top including CEO Frank Martire and presidenytMichael Hayford, who will move to Jacksonville and take top positions with Fidelity National. The Brown Deer offices will remain open and play an importanty role in thecombined company, Laydej said. Fidelity National has about 500 employeed already in the Milwaukee area at16363 W. Ryerson Road in New Layden said.
Fidelity National acquired in a September 2007 transaction thatincludecd eFunds’ Milwaukee-area offices. Metavante and Fidelity Nationao have manyoverlapping products, and the main savingsw will be gained by reducingt product and technology platforms, said Bart Narter, of a Boston financial industry consultingy firm. “The boldness of this move is a Narter said. “I would’ve expected both to be buyers — not, in the case of a seller.” Analysts expect the combined companies toaggressively cross-sell products and services to their existintg customers.
But in the shor t run, while Metavante and Fidelity National focus on merging their analysts said they risk losing business to competitorxs suchas , Brookfield. “We see this as a significangt opportunityfor us,” said Tom Warsop, Fiserv’e group president.
Tuesday, January 25, 2011
Business, labor, Hispanic groups make new push for immigration amnesty - San Francisco Business Times:
clarityviellegq67.blogspot.com
The Reform Immigration for America effort meldsa amnesty reform with the ability of immigrants workers to unionize and pans workplac e and other raids aimed at picking up thosde illegally inthe U.S. The , a Hispani activist group, is part of the effort, which backs immigrationm reform pushed by PresidentBaracj Obama. “For far too long, we have allowed a can’t-d o minority to block progress and manipulate this issude to tear ourcountry apart, but the urgency for reform is clear: economically, and morally,” said NCLR president Janet Murguía.
“Policies that call for SWAT-liker teams to pluck people out of their beds in the middle ofthe night, lead to racial separate families, exploit workers, and ignore due process are shamefully Labor unions, including the and , have joinec the campaign as have businesses groups such as the National Immigratiohn Forum. The NIF’s boards includes executives fromthe U.S. Chamber of Commerce, Nationall Restaurant Association, American Nursery & Landscap Association and UnitedFood & Commercial Workers Liberal and Democratic advocacy groups, including the , also are pushinv the campaign. Congress could take up the issuethis U.S.
Homeland Security Secretary Janet Napolitano has said the agency will be more targetedf in its immigration enforcement with a greateer focus on employers that hireillegal immigrants, but not includintg workplace raids. Napolitano is the former Arizona governor who previously opposed security walls onthe U.S.-Mexico bordere and floated the idea of allowinb illegal immigrants to get state driver’s licenses. Immigrationn reform failed to gain final passage during the Bush administrationm despite support from theformer president, U.S. Sen. John R-Ariz.
, and big business
The Reform Immigration for America effort meldsa amnesty reform with the ability of immigrants workers to unionize and pans workplac e and other raids aimed at picking up thosde illegally inthe U.S. The , a Hispani activist group, is part of the effort, which backs immigrationm reform pushed by PresidentBaracj Obama. “For far too long, we have allowed a can’t-d o minority to block progress and manipulate this issude to tear ourcountry apart, but the urgency for reform is clear: economically, and morally,” said NCLR president Janet Murguía.
“Policies that call for SWAT-liker teams to pluck people out of their beds in the middle ofthe night, lead to racial separate families, exploit workers, and ignore due process are shamefully Labor unions, including the and , have joinec the campaign as have businesses groups such as the National Immigratiohn Forum. The NIF’s boards includes executives fromthe U.S. Chamber of Commerce, Nationall Restaurant Association, American Nursery & Landscap Association and UnitedFood & Commercial Workers Liberal and Democratic advocacy groups, including the , also are pushinv the campaign. Congress could take up the issuethis U.S.
Homeland Security Secretary Janet Napolitano has said the agency will be more targetedf in its immigration enforcement with a greateer focus on employers that hireillegal immigrants, but not includintg workplace raids. Napolitano is the former Arizona governor who previously opposed security walls onthe U.S.-Mexico bordere and floated the idea of allowinb illegal immigrants to get state driver’s licenses. Immigrationn reform failed to gain final passage during the Bush administrationm despite support from theformer president, U.S. Sen. John R-Ariz.
, and big business
Sunday, January 23, 2011
Tigers' Brennan Boesch has survived last season's swoon - The Detroit News
http://mpjcds.org/mpjcds3.htm
Tigers' Brennan Boesch has survived last season's swoon The Detroit News Detroit -- No grimace. No frown. No sign whatsoever that what had been asked of him left a sour taste. Brennan Boesch arrived for Tiger Week รข€" including ... |
Thursday, January 20, 2011
Smithsonian Secretary Wayne Clough Defends Decision To Remove David ... - Huffington Post
http://www.archinect.com/members/profile_view_ind.php?id=58473
Washington Post | Smithsonian Secretary Wayne Clough Defends Decision To Remove David ... Huffington Post The video, which includes scenes of an ant-covered Jesus, was part of the National Portrait G » |
Monday, January 17, 2011
Balsillie: Fight for Coyotes isn't over - Austin Business Journal:
http://vdcor.com/faqs.htm
U.S Bankruptcy Court Redfield T. Baum on Mondayg nixed Balsillie's bid to buy the Coyotes for $213 millio n from owner Jerry Moyes becauseof Balsillie's June 29 deadline for the deal go to Baum said that isn' t enough time to resolve the Coyotes Chapter 11 bankruptcy reorganization issues. That was a win for the and city of which want to keep the Coyotesin Arizona. Balsillie spokesmabn Bill Walker issued a statement Mondag night saying the effort to move the teamto Hamilton, is not over: "Jim Balsillie's bid to brinvg a seventh NHL team to Canada continues. We'rr still here. The Phoenix court confirmes Mr.
Balsillie was approved as an NHL owner in 2006 andremaines so. We believe he has made the best offeer and Hamilton remains the best locatio n forthis team. "The court did not approvw either our approach or the Judge Baum did state he does not have time to decidse all therelocation issues. But the courtr still controls thesale process. As a we look forward to hearing from the NHL soon on its view of our relocatiob application and an appropriaterelocation fee, so as to allo the court to determine if that fee is We still think there is enougnh time for the NHL to approve Mr. Balsillie's applicatiomn and move the team to Hamiltonby September.
The court invited mediation on these issueaand Mr. Balsillie is willing to participate in such mediation if the NHL is also williny todo so," Walker's statemenyt to the media continued. The NHL welcomedx Baum's decision not to let the sale and move toCanadsa occur. “We're pleased the court recognized the validityg of league rules and our abilityh to apply them in areasonable fashion," NHL Deputyu Commissioner Bill Daly said in a statementr released by the league on Monday night.
"We will turn our attention now toward helpinhg to facilitate an orderly salese process that will produce a local buyer who is committef to makingthe Coyotes' franchise viable and successfup in the Phoenix/Glendale area. We are confident that we will be able to find such a buyer for the Coyotes and that the claims of legitimate creditora willbe addressed.”
U.S Bankruptcy Court Redfield T. Baum on Mondayg nixed Balsillie's bid to buy the Coyotes for $213 millio n from owner Jerry Moyes becauseof Balsillie's June 29 deadline for the deal go to Baum said that isn' t enough time to resolve the Coyotes Chapter 11 bankruptcy reorganization issues. That was a win for the and city of which want to keep the Coyotesin Arizona. Balsillie spokesmabn Bill Walker issued a statement Mondag night saying the effort to move the teamto Hamilton, is not over: "Jim Balsillie's bid to brinvg a seventh NHL team to Canada continues. We'rr still here. The Phoenix court confirmes Mr.
Balsillie was approved as an NHL owner in 2006 andremaines so. We believe he has made the best offeer and Hamilton remains the best locatio n forthis team. "The court did not approvw either our approach or the Judge Baum did state he does not have time to decidse all therelocation issues. But the courtr still controls thesale process. As a we look forward to hearing from the NHL soon on its view of our relocatiob application and an appropriaterelocation fee, so as to allo the court to determine if that fee is We still think there is enougnh time for the NHL to approve Mr. Balsillie's applicatiomn and move the team to Hamiltonby September.
The court invited mediation on these issueaand Mr. Balsillie is willing to participate in such mediation if the NHL is also williny todo so," Walker's statemenyt to the media continued. The NHL welcomedx Baum's decision not to let the sale and move toCanadsa occur. “We're pleased the court recognized the validityg of league rules and our abilityh to apply them in areasonable fashion," NHL Deputyu Commissioner Bill Daly said in a statementr released by the league on Monday night.
"We will turn our attention now toward helpinhg to facilitate an orderly salese process that will produce a local buyer who is committef to makingthe Coyotes' franchise viable and successfup in the Phoenix/Glendale area. We are confident that we will be able to find such a buyer for the Coyotes and that the claims of legitimate creditora willbe addressed.”
Friday, January 14, 2011
Terremark Q4 revenue, earnings up - Washington Business Journal:
http://www.columbusvacations.com/reviews-details.php?id=220
million from $56.8 million in the prior-yea r period. The Miami-based IT infrastructure servicesprovider (NASDAQ: said net income for the quarter ended March 31 was $3.5 or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year Though revenue fell shortt of the $74.2 million analysta expected, the company beat the consensus for net analysts were expecting a penny a Revenue for the full year was $250.t million, up from $187.4 million in the previou s year.
“As our company heads into fiscal 2010, we believe our robus t pipeline and the consistently strong customer demanrd for our products and services will continue to drivestront results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookinge during thefourth quarter, logging $31.8 millioh of new annual contractt value. The company is in the black aftedr years ofsteady losses.
Still, Terremarjk has managed to consistently grow revenue and has been aggressivelu pursuing federalgovernment contracts, a strong suit for the With a growing facility in suburban Washington, that caters to government business, the company expects to benefit from federal stimulus During the fourth quarter, the federal governmen accounted for 30 percent of Terremark’es total revenue, Medina said during a conferencw call Tuesday evening. That’s a 76 percent year-over-year increase in government revenue. “I have never been more optimistivc about the visibility and size of ourgovernmeny pipeline,” Medina said.
“Terremarko Worldwide is enjoying strong visibility into fiscaplyear 2010, coming into the year with the highes backlog in the company’s history,” analysts wrotr in a May 4 report. “Ths ability to service new government contracts and partnerships with most of the largee federal contractors should also provide strategic alternatives for management as they look to continuee their capacitygrowth [at the suburbanm Washington, D.C., location].” Just prior to its earnings Terremark said Palo Alto, Calif.
-based woulc acquire about 5 percent of its Under the agreement, the virtualizatiobn and cloud-computing specialist will purchase 4 million shares of newlyg issued Terremark common stock at $5 a for a total investment of $20 For the first quarter of fiscal year Terremark said it expectse revenue from $63 million to $66 million. For the full fiscalp year, the company projects revenue betweej $290 million and $300 million. Sharesz closed up 33 centa to $4.80. The 52-week high was $7.67 on 8. The 52-week low was $1.85 on Marchy 9.
million from $56.8 million in the prior-yea r period. The Miami-based IT infrastructure servicesprovider (NASDAQ: said net income for the quarter ended March 31 was $3.5 or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year Though revenue fell shortt of the $74.2 million analysta expected, the company beat the consensus for net analysts were expecting a penny a Revenue for the full year was $250.t million, up from $187.4 million in the previou s year.
“As our company heads into fiscal 2010, we believe our robus t pipeline and the consistently strong customer demanrd for our products and services will continue to drivestront results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookinge during thefourth quarter, logging $31.8 millioh of new annual contractt value. The company is in the black aftedr years ofsteady losses.
Still, Terremarjk has managed to consistently grow revenue and has been aggressivelu pursuing federalgovernment contracts, a strong suit for the With a growing facility in suburban Washington, that caters to government business, the company expects to benefit from federal stimulus During the fourth quarter, the federal governmen accounted for 30 percent of Terremark’es total revenue, Medina said during a conferencw call Tuesday evening. That’s a 76 percent year-over-year increase in government revenue. “I have never been more optimistivc about the visibility and size of ourgovernmeny pipeline,” Medina said.
“Terremarko Worldwide is enjoying strong visibility into fiscaplyear 2010, coming into the year with the highes backlog in the company’s history,” analysts wrotr in a May 4 report. “Ths ability to service new government contracts and partnerships with most of the largee federal contractors should also provide strategic alternatives for management as they look to continuee their capacitygrowth [at the suburbanm Washington, D.C., location].” Just prior to its earnings Terremark said Palo Alto, Calif.
-based woulc acquire about 5 percent of its Under the agreement, the virtualizatiobn and cloud-computing specialist will purchase 4 million shares of newlyg issued Terremark common stock at $5 a for a total investment of $20 For the first quarter of fiscal year Terremark said it expectse revenue from $63 million to $66 million. For the full fiscalp year, the company projects revenue betweej $290 million and $300 million. Sharesz closed up 33 centa to $4.80. The 52-week high was $7.67 on 8. The 52-week low was $1.85 on Marchy 9.
Wednesday, January 12, 2011
Quantum Group, Inc. Company Profile | QGP Company Information
http://www.washingtoneast.org/freeanalysis.html
The Quantum Group, Inc. (the terms "Company", "QTUM" and/or "we" and other similar terms as used herein refer collectively to the Compan together with its principal operating is a Nevada corporation created for the sole purpose to reorganiz e and change domicile of the predecessor TransformPack International, Inc. Transform Pack was originally formed as a Minnesots corporation in February 1975 under the name AutomatedMultiple Inc., subsequently changed its name to Inc., and then changed its name to Cybernetics, Inc. in Decembetr 1997. Throughout the early yearx of the corporation, its business and managementf were locatedin Minnesota.
However, sinc 2000 the business and management of Transform Pack have been located in New Brunswick, and as of May 29, 2003 in Florida. On May 28, 2003, Transformm Pack completed the acquisition of Quantukm HIPAAConsulting Group, Inc., a Florida Corporation basedr in Wellington, Florida. Quantum HIPAwA Consulting Group was in the businesa of advising the healthcare industry on the implementation of regulations createdr to comply with the Health Insurance Portability and Accountabilitu Act of1996 (HIPAA).
The Quantum Group, Inc. (the terms "Company", "QTUM" and/or "we" and other similar terms as used herein refer collectively to the Compan together with its principal operating is a Nevada corporation created for the sole purpose to reorganiz e and change domicile of the predecessor TransformPack International, Inc. Transform Pack was originally formed as a Minnesots corporation in February 1975 under the name AutomatedMultiple Inc., subsequently changed its name to Inc., and then changed its name to Cybernetics, Inc. in Decembetr 1997. Throughout the early yearx of the corporation, its business and managementf were locatedin Minnesota.
However, sinc 2000 the business and management of Transform Pack have been located in New Brunswick, and as of May 29, 2003 in Florida. On May 28, 2003, Transformm Pack completed the acquisition of Quantukm HIPAAConsulting Group, Inc., a Florida Corporation basedr in Wellington, Florida. Quantum HIPAwA Consulting Group was in the businesa of advising the healthcare industry on the implementation of regulations createdr to comply with the Health Insurance Portability and Accountabilitu Act of1996 (HIPAA).
Sunday, January 9, 2011
Fla., Orlando again tops in foreclosures - Business First of Columbus:
ermolayxitpev.blogspot.com
The state posted 58,931 foreclosurw filings — including default notices, scheduled auctionz and bank repossessions — in May, down 8.8 perceny from April’s total, but still 50 percen t higher thanMay 2008, accordinvg to RealtyTrac’s monthly Foreclosure Market Report. Only California had a higherr total, with 92,249 properties with May 2009 foreclosurr filings. The Sunshine State was No. 3 in the natiom in foreclosure rates, with one in ever y 148 households receiving a foreclosure filingin May. Nevada led the country with one in every 64 homes receivin ga filing, while California was seconr highest with one in every 144. The Orlando-Kissimmes market took the No.
8 spot among the nation’s top 10 metrko areas with the highest foreclosure The area recorded a rate of one foreclosure filintg for every101 homes. Florida had thre cities among the top 10metro areas, while California had six citiess among that mix. Las Vegas topped the list with a rate of one in every 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosurre filings were reportedin May, which is 6 percent lowet than April 2009, but aboutg 18 percent higher than May 2008. One in ever 398 U.S. homes received a foreclosure noticelast month. Vermonyt again recorded the lowest numberof foreclosures, with six reported in May, or one for every 51,906 households.
The RealtyTrac U.S. Foreclosure Marketr Report provides the total number of properties with at leastg one foreclosure filing reported during the Data is collected from morethan 2,200 counties that accountr for more than 90 percent of the nation’sd population.
The state posted 58,931 foreclosurw filings — including default notices, scheduled auctionz and bank repossessions — in May, down 8.8 perceny from April’s total, but still 50 percen t higher thanMay 2008, accordinvg to RealtyTrac’s monthly Foreclosure Market Report. Only California had a higherr total, with 92,249 properties with May 2009 foreclosurr filings. The Sunshine State was No. 3 in the natiom in foreclosure rates, with one in ever y 148 households receiving a foreclosure filingin May. Nevada led the country with one in every 64 homes receivin ga filing, while California was seconr highest with one in every 144. The Orlando-Kissimmes market took the No.
8 spot among the nation’s top 10 metrko areas with the highest foreclosure The area recorded a rate of one foreclosure filintg for every101 homes. Florida had thre cities among the top 10metro areas, while California had six citiess among that mix. Las Vegas topped the list with a rate of one in every 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosurre filings were reportedin May, which is 6 percent lowet than April 2009, but aboutg 18 percent higher than May 2008. One in ever 398 U.S. homes received a foreclosure noticelast month. Vermonyt again recorded the lowest numberof foreclosures, with six reported in May, or one for every 51,906 households.
The RealtyTrac U.S. Foreclosure Marketr Report provides the total number of properties with at leastg one foreclosure filing reported during the Data is collected from morethan 2,200 counties that accountr for more than 90 percent of the nation’sd population.
Friday, January 7, 2011
Caraustar Industries files Chapter 11 - Business First of Columbus:
http://chatboutbelize.com/slpngnt.htm
All trade creditors, suppliers, customers and employeez will receive all amounts owedto them, the Austell, Ga.-basee recycled paperboard and packaging company It will ask the U.S. Bankruptct Court for the Northerm District of Georgia for approval to pay the amountsw in the ordinary courseof business. Caraustarf (NASDAQ: CSAR) also reached agreement with debt holderz to reducethe company's debt obligationzs by $135 million. Under the Plan, holders of outstandingb sharesof Caraustar's common stock will receive their pro rata sharre of $2.9 million, or 10 cents a share, subjecg to certain conditions. The restructurinfg plan calls for the exchange ofthe company'sd existing 7.
375 percent and 7.25 percentr senior notes for an aggregate of $85 million in new senior secured notes and 100 percentg of the common stock of the reorganized will become the company's controlling In conjunction with the restructuring, Caraustar has landec a $75 million debtor-in-possession line of credit from General Electriv Capital Corp. The money may be used for cash collateralizingg outstanding lettersof credit, paying for goods and services in the ordinary course of the businessd and general corporate "Caraustar took decisive action to substantialluy reduce the company's debt and prospectively reduce costs,” said Presiden and CEO Michael J. in a statement.
“Once our financiak restructuringis complete, we believ e Caraustar's new capital structure combined with the cost savings achievefd by operating as a private entity will provider a lean and flexible foundatiomn for sustainable profitability and better positiom the company to meet the challengesz of our industry and this recessionarg economy head on." The compan posted a net loss of $4.4 million in the firstr quarter of 2009 and had a $99 millionb loss in 2008.
All trade creditors, suppliers, customers and employeez will receive all amounts owedto them, the Austell, Ga.-basee recycled paperboard and packaging company It will ask the U.S. Bankruptct Court for the Northerm District of Georgia for approval to pay the amountsw in the ordinary courseof business. Caraustarf (NASDAQ: CSAR) also reached agreement with debt holderz to reducethe company's debt obligationzs by $135 million. Under the Plan, holders of outstandingb sharesof Caraustar's common stock will receive their pro rata sharre of $2.9 million, or 10 cents a share, subjecg to certain conditions. The restructurinfg plan calls for the exchange ofthe company'sd existing 7.
375 percent and 7.25 percentr senior notes for an aggregate of $85 million in new senior secured notes and 100 percentg of the common stock of the reorganized will become the company's controlling In conjunction with the restructuring, Caraustar has landec a $75 million debtor-in-possession line of credit from General Electriv Capital Corp. The money may be used for cash collateralizingg outstanding lettersof credit, paying for goods and services in the ordinary course of the businessd and general corporate "Caraustar took decisive action to substantialluy reduce the company's debt and prospectively reduce costs,” said Presiden and CEO Michael J. in a statement.
“Once our financiak restructuringis complete, we believ e Caraustar's new capital structure combined with the cost savings achievefd by operating as a private entity will provider a lean and flexible foundatiomn for sustainable profitability and better positiom the company to meet the challengesz of our industry and this recessionarg economy head on." The compan posted a net loss of $4.4 million in the firstr quarter of 2009 and had a $99 millionb loss in 2008.
Tuesday, January 4, 2011
Metrolist: Denver's resale housing market showing hopeful signs - Nashville Business Journal:
obovadugibe.blogspot.com
Single-family home sales in June, for were equally split between the lower pricee ranges that appealto first-time homebuyers and pricier houses that attracrt homebuyers moving up to larger and/or more expensive homes. "Earlier this year, the majority of resale home activitywas first-time distressed properties and investor activity," independenyt Littleton broker Gary Bauer said in a statement. "Jun e appears to be the transition to a normal Denvetrmarket -- a market with both first-time homebuyer activity as well as 'move-up' activity." Resalde homes are those that have sold at least once Combined sales of single-family housees and condominiums increased 15.
4 percengt to 4,186 in June from 3,628 in May. Late spring and summe traditionally arethis country's prime home-selling season, becausse families buying and selling homes try to complete deals and move when childre n are out of school. But June home sales this year weredown 13.6 percentr from 4,845 for the same montj of 2008. In 3,328 single-family homes were sold, up from 2,85 sales in May, but down from 3,847 for the year-prioe June. Last month, condo sales rose to 858 from 771 in but were down from 998 yearover year. Averagr sold price for both types of homerose 6.34 perceny to $258,434 in June from $243,022 in May. That pricw was down 3.
21 percent from June 2008's average sellinyg price of $267,005. Average sold price for single-family homes -- which is up from $262,066 in May, but down from $286,8867 from the year-prior June. Median sold pricwe for single-family homes -- $237,500, up from both the previoue month ($220,000) and from June 2008 The median sold price for a home is the middle pricwe between highestand lowest. It's considered a truer measurer of price than average by many real estate professionalebecause it's not skewed by highestr and lowest prices. Average sold price for condos -- down from $172,454 in May and $190,3677 year over year.
Median sold prics for condos -- $139,837, up from $137,000 in May, but a drop from $148,344 for the year-prior Condos also are selling faster with an average of 97 days on the markeyin June, down from 110 days in May and from 108 days year over For this year's first six total home sales and sold pricesd were down from the same period of 2008, accordint to Metrolist. Combined sales of single-family homes and condo decreased 17.5 percent to 19,363 from 23,471 for the firsrt six months oflast year. Average selling pricr was down nearly 8 percentto $235,930 from $256,408.
Averag e days on the market for both housingg types dipped to 104througjh June, from 106 for the same period of 2008. Othed year-to-date data through June, compared to the same periodr of 2008, include: Single-family homee sold -- 15,432, down from 18,561. Average single-familg home sold price -- $256,353, down from Median single-family home sold price -- $211,000, down from Condos sold -- 3,931, down from 4,910. Averagd sold price for condos -- $155,753, down from Median sold price forcondoss -- $129,000, down from $139,000.
Basesd in Greenwood Village, Metrolist is metroi Denver's Multiple Listing Service, which is an association of real estatr brokers that share property listingsa witheach other.
Single-family home sales in June, for were equally split between the lower pricee ranges that appealto first-time homebuyers and pricier houses that attracrt homebuyers moving up to larger and/or more expensive homes. "Earlier this year, the majority of resale home activitywas first-time distressed properties and investor activity," independenyt Littleton broker Gary Bauer said in a statement. "Jun e appears to be the transition to a normal Denvetrmarket -- a market with both first-time homebuyer activity as well as 'move-up' activity." Resalde homes are those that have sold at least once Combined sales of single-family housees and condominiums increased 15.
4 percengt to 4,186 in June from 3,628 in May. Late spring and summe traditionally arethis country's prime home-selling season, becausse families buying and selling homes try to complete deals and move when childre n are out of school. But June home sales this year weredown 13.6 percentr from 4,845 for the same montj of 2008. In 3,328 single-family homes were sold, up from 2,85 sales in May, but down from 3,847 for the year-prioe June. Last month, condo sales rose to 858 from 771 in but were down from 998 yearover year. Averagr sold price for both types of homerose 6.34 perceny to $258,434 in June from $243,022 in May. That pricw was down 3.
21 percent from June 2008's average sellinyg price of $267,005. Average sold price for single-family homes -- which is up from $262,066 in May, but down from $286,8867 from the year-prior June. Median sold pricwe for single-family homes -- $237,500, up from both the previoue month ($220,000) and from June 2008 The median sold price for a home is the middle pricwe between highestand lowest. It's considered a truer measurer of price than average by many real estate professionalebecause it's not skewed by highestr and lowest prices. Average sold price for condos -- down from $172,454 in May and $190,3677 year over year.
Median sold prics for condos -- $139,837, up from $137,000 in May, but a drop from $148,344 for the year-prior Condos also are selling faster with an average of 97 days on the markeyin June, down from 110 days in May and from 108 days year over For this year's first six total home sales and sold pricesd were down from the same period of 2008, accordint to Metrolist. Combined sales of single-family homes and condo decreased 17.5 percent to 19,363 from 23,471 for the firsrt six months oflast year. Average selling pricr was down nearly 8 percentto $235,930 from $256,408.
Averag e days on the market for both housingg types dipped to 104througjh June, from 106 for the same period of 2008. Othed year-to-date data through June, compared to the same periodr of 2008, include: Single-family homee sold -- 15,432, down from 18,561. Average single-familg home sold price -- $256,353, down from Median single-family home sold price -- $211,000, down from Condos sold -- 3,931, down from 4,910. Averagd sold price for condos -- $155,753, down from Median sold price forcondoss -- $129,000, down from $139,000.
Basesd in Greenwood Village, Metrolist is metroi Denver's Multiple Listing Service, which is an association of real estatr brokers that share property listingsa witheach other.
Sunday, January 2, 2011
Clear lanes to shut down at Hartsfield-Jackson - Los Angeles Business from bizjournals:
batyushkinuxit.blogspot.com
New York-based , the operator of registerede travelservice CLEAR, said the paid security lanesz at its member airports would cease operationz because the company “has been unable to negotiatd an agreement with its senioe creditor to continue operations,” according to a statement postexd on the company’s Web site, www.flyclear.com. Last March, the companhy said it had 20,00 0 registered travelers in metrpo Atlanta. As of last year, the company had more than 200,009 CLEAR members, who paid up to $199 for an annual membership for access to designated security lanes at participatin gairports nationwide.
Members provided biometrif data, which was encoded on a for the promise of a speedier and convenienty trip throughairport security. The service targeted businese travelers who routinely travelby air. The company was foundedx by founderSteve Brill. CLEAR lanes openec at the airport about the same time as an expansioh of the main security lanes at The new additions included lanes designed specificallyg forexperienced travelers. Airport officials have said the addee lanes have kept security wait times below 10 minuteon average, which might have made CLEAR lanesw less advantageous to consumers.
New York-based , the operator of registerede travelservice CLEAR, said the paid security lanesz at its member airports would cease operationz because the company “has been unable to negotiatd an agreement with its senioe creditor to continue operations,” according to a statement postexd on the company’s Web site, www.flyclear.com. Last March, the companhy said it had 20,00 0 registered travelers in metrpo Atlanta. As of last year, the company had more than 200,009 CLEAR members, who paid up to $199 for an annual membership for access to designated security lanes at participatin gairports nationwide.
Members provided biometrif data, which was encoded on a for the promise of a speedier and convenienty trip throughairport security. The service targeted businese travelers who routinely travelby air. The company was foundedx by founderSteve Brill. CLEAR lanes openec at the airport about the same time as an expansioh of the main security lanes at The new additions included lanes designed specificallyg forexperienced travelers. Airport officials have said the addee lanes have kept security wait times below 10 minuteon average, which might have made CLEAR lanesw less advantageous to consumers.
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