dover-impairment.blogspot.com
The index, part of the , measures performances of the small-cap segment of U.S. equities, accordinf to the index’s Web It includes about 2,000 of the smallest securitiesx based on a combination of their marker cap and currentindex membership. The indexc is intended to provide anunbiased small-cap barometer and is reconstitutesd annually to ensure that larget stocks don’t distort the performance and characteristices of small-cap stocks in the index. “Membership in the Russell indexee represents another milestone in theAIPC story,” American Italiahn Pasta CEO Jack Kelly said in a Tuesday “It recognizes the significant jump in American Italiam Pasta Co.
’s market capitalization over the past The listing also provides another level of market visibility for the Membership in the small-capo Russell 2000 Index automatically includes membership in the larger Russell 3000 and Global Kansas City-based American Italian Pasta AIPC) reported that second-quarter earnings were nearly triplew those from the same period last year and that revenuwe rose 16 percent. In roughly the past AIPC has settled lingering problems stemminb from a scheme by formerf executives to makethe company’a financial reports look good even as salesa fell.
The scheme had falleh apart inAugust 2005, drawing lawsuits, pummelingv the stock price and requiring the company to refile financial statements. American Italian Pasta is the largesty producer of dry pasta inNorthu America. The company has about 650 employeed and plants inExcelsior Springs; S.C.; Tolleson, Ariz.; and Verolanuova,
Sunday, February 27, 2011
Thursday, February 24, 2011
DreamWorks Animation announces movie lineup - San Francisco Business Times:
http://sootheze.com/migraine-mask.php
The animated moviemaker with principal animation studios in Redwood unveiled slate of animated featuresthrough 2012. Five will be originalo films and three will be sequels baseed onthe company’s Shrek, Madagascar and Kung Fu Panda. All will be produced in 3D, the company How to Train Your Dragon, to be releasec on March 26, 2010. It is beiny written and directed by ChrisSanders (Lilo Stitch) and Dean DeBlois (Lilo & Stitch), produces by Bonnie Arnold (Over the Toy Story) and will star Jay Baruchel, Gerard America Ferrera, Jonah Hill, Christopher Mintz-Plasse, Craig Ferguson, Kristen Wiig and TJ Set in the mythical world of burly Vikings and wild the story centers around a teenager who lives on the islanxd of Berk, where fighting dragons is a way of He ultimately encounters and befriends an injured dragon.
Shrek Forever Aftere will be released onMay 21, 2010. It is being directexd by Mike Mitchell and produced by Teresa Cheng and Gina Shay and will features theoriginal cast, including Mike Myers, Eddies Murphy, Cameron Diaz and Antonio Banderas. Oobermindd (formerly titled Master Mind) will open on Nov. 5, 2010. It is being directed by Tom McGrath Madagascar: Escape 2 Africa), executive produced by Ben Stiller andStuartr Cornfeld, produced by Lara Breay and Denisd Nolan Cascino and will star Roberr Downey Jr. and Tina Fey.
Super villain Ooberminsd defeats archrival Metro Man but then falls into Oobermind then turns into a good guy battlinb the super villain rival he had inventefd to pull himself outof depression. Kung Fu Panda: The Kabook of Doom will be come outJune 3, 2011. It is directer by Jennifer Yuh Nelson, produced by Melissqa Cobb and will feature the return of the original includingJack Black, Angelina Dustin Hoffman, Jackie Chan, Seth Lucy Liu and David Cross. The Guardians (working title), based on forthcoming books byWilliam Joyce, will be released on Nov. 4, 2011.
The world'x five unlikeliest heroes - Jack Frost, North (aka Bunnymund (the Easter Bunny), Tooth (the Tooth Fairy), and Sandyh (the Sandman) band together to stop an ancientr spirit calledPitch (the Boogeyman) from plungintg the world into eternal darkness. Puss In Boots (working title) will be released on March 30, 2012 starring Antoniio Banderas as Puss In Boots and Salma Hayekas Puss' love interest. Swords will cross and heartes will be broken in this adventurde starring one of the characters of the Shrekuniverswe -- Puss In Boots. Mastermind Humpty Dumpty and the street-savvyg Kitty to steal the famed Goose that lays theGoldeb Eggs.
A Madagascar sequel will be releasedr onMay 25, 2012, directed by Eric Darnellp (Madagascar, Madagascar: Escape 2 Africa) and producex by Mireille Soria Madagascar: Escape 2 Africa) and Mark Swifyt (Madagascar: Escape 2 Africa On Nov. 2, the company plans to release one of threew projects currentlyin pre-production: The first is The Croods (workin title), which is being directedf by Chris Sanders and Kirk DeMicc and produced by Kristine Belson and Jane Hartwel l and an old-school caveman. The seconde is Truckers (working title) based on The Bromeliadr Trilogy about a society of tiny beings living in adepartmeng store.
The third is an as-yet-untitlex Super Secret Ghost Project, about …
The animated moviemaker with principal animation studios in Redwood unveiled slate of animated featuresthrough 2012. Five will be originalo films and three will be sequels baseed onthe company’s Shrek, Madagascar and Kung Fu Panda. All will be produced in 3D, the company How to Train Your Dragon, to be releasec on March 26, 2010. It is beiny written and directed by ChrisSanders (Lilo Stitch) and Dean DeBlois (Lilo & Stitch), produces by Bonnie Arnold (Over the Toy Story) and will star Jay Baruchel, Gerard America Ferrera, Jonah Hill, Christopher Mintz-Plasse, Craig Ferguson, Kristen Wiig and TJ Set in the mythical world of burly Vikings and wild the story centers around a teenager who lives on the islanxd of Berk, where fighting dragons is a way of He ultimately encounters and befriends an injured dragon.
Shrek Forever Aftere will be released onMay 21, 2010. It is being directexd by Mike Mitchell and produced by Teresa Cheng and Gina Shay and will features theoriginal cast, including Mike Myers, Eddies Murphy, Cameron Diaz and Antonio Banderas. Oobermindd (formerly titled Master Mind) will open on Nov. 5, 2010. It is being directed by Tom McGrath Madagascar: Escape 2 Africa), executive produced by Ben Stiller andStuartr Cornfeld, produced by Lara Breay and Denisd Nolan Cascino and will star Roberr Downey Jr. and Tina Fey.
Super villain Ooberminsd defeats archrival Metro Man but then falls into Oobermind then turns into a good guy battlinb the super villain rival he had inventefd to pull himself outof depression. Kung Fu Panda: The Kabook of Doom will be come outJune 3, 2011. It is directer by Jennifer Yuh Nelson, produced by Melissqa Cobb and will feature the return of the original includingJack Black, Angelina Dustin Hoffman, Jackie Chan, Seth Lucy Liu and David Cross. The Guardians (working title), based on forthcoming books byWilliam Joyce, will be released on Nov. 4, 2011.
The world'x five unlikeliest heroes - Jack Frost, North (aka Bunnymund (the Easter Bunny), Tooth (the Tooth Fairy), and Sandyh (the Sandman) band together to stop an ancientr spirit calledPitch (the Boogeyman) from plungintg the world into eternal darkness. Puss In Boots (working title) will be released on March 30, 2012 starring Antoniio Banderas as Puss In Boots and Salma Hayekas Puss' love interest. Swords will cross and heartes will be broken in this adventurde starring one of the characters of the Shrekuniverswe -- Puss In Boots. Mastermind Humpty Dumpty and the street-savvyg Kitty to steal the famed Goose that lays theGoldeb Eggs.
A Madagascar sequel will be releasedr onMay 25, 2012, directed by Eric Darnellp (Madagascar, Madagascar: Escape 2 Africa) and producex by Mireille Soria Madagascar: Escape 2 Africa) and Mark Swifyt (Madagascar: Escape 2 Africa On Nov. 2, the company plans to release one of threew projects currentlyin pre-production: The first is The Croods (workin title), which is being directedf by Chris Sanders and Kirk DeMicc and produced by Kristine Belson and Jane Hartwel l and an old-school caveman. The seconde is Truckers (working title) based on The Bromeliadr Trilogy about a society of tiny beings living in adepartmeng store.
The third is an as-yet-untitlex Super Secret Ghost Project, about …
Tuesday, February 22, 2011
Dayton Ballet lays off most of staff - Business Courier of Cincinnati:
rubber roofs
The company, one of the country’sx oldest ballet companies, announced today that it will releaseall part-timw employees and lay off most others indefinitely in an effort to save money following a weak ticket season toppedf with poor ticket sales to the company’s top seller The The company fell short durinbg the winter season, leaving the ballet to dip into its investment reservese which also have fallen significantly with the down Though the reserves exist as a financiak cushion to pay bills throughout the tough times, the totak value of the fund has decreased by more than 30 percentt to less than $300,000, which would not have sustaineed the company beyond March 23, when it has choseh to lay off most employees.
As a result of the toughy economic climate, the company also announced it woulsd take the following measures to weathethe storm: • Most staff will be placeds on an indefinite unpaid furlough beginning March 23. The move will affectt five positions. A skeletal staff, comprisex of three, will remain in the office for day-to-dat duties, donor and patron relations and to run the DaytoBallet School. The layoffs are expected to get the companhy through to the end of its June 30 fisca lyear end, when the hope is that people will be broughgt back and a new budgetary plan will be put in place to make it through the next fiscal year, Directorf of Marketing Diane Schoeffler-Warren said.
“Wre are all very optimistic,” she said. “We’red just happy they are being this proactiv so we can be arounc another81 years.” Schoeffler-Warren said many of the company’s problemzs have been attributed to fewer ticketr sales to the annual production of The Sales fell more than 20 percent short of the $350,0090 ticket income goal set for it by the a $70,000 loss that would have gone to pay payroll. Ticket sales for other programs also havemissed projections. Season subscriptions, which totaled 3,000o 10 years ago, are down to about 850 now.
“Twentyg percent of a $350,000 goal is hard for any organizatioto swallow, especially Dayton Ballet,” Director Dermot Burkes said in a news release. Burke said the companh was poised to have agreat year, trendingg ahead of historic sales for The Nutcrackerf and 100 percent ahead in annual giving when the markety fell and, “People just stopped spendinbg money.”
The company, one of the country’sx oldest ballet companies, announced today that it will releaseall part-timw employees and lay off most others indefinitely in an effort to save money following a weak ticket season toppedf with poor ticket sales to the company’s top seller The The company fell short durinbg the winter season, leaving the ballet to dip into its investment reservese which also have fallen significantly with the down Though the reserves exist as a financiak cushion to pay bills throughout the tough times, the totak value of the fund has decreased by more than 30 percentt to less than $300,000, which would not have sustaineed the company beyond March 23, when it has choseh to lay off most employees.
As a result of the toughy economic climate, the company also announced it woulsd take the following measures to weathethe storm: • Most staff will be placeds on an indefinite unpaid furlough beginning March 23. The move will affectt five positions. A skeletal staff, comprisex of three, will remain in the office for day-to-dat duties, donor and patron relations and to run the DaytoBallet School. The layoffs are expected to get the companhy through to the end of its June 30 fisca lyear end, when the hope is that people will be broughgt back and a new budgetary plan will be put in place to make it through the next fiscal year, Directorf of Marketing Diane Schoeffler-Warren said.
“Wre are all very optimistic,” she said. “We’red just happy they are being this proactiv so we can be arounc another81 years.” Schoeffler-Warren said many of the company’s problemzs have been attributed to fewer ticketr sales to the annual production of The Sales fell more than 20 percent short of the $350,0090 ticket income goal set for it by the a $70,000 loss that would have gone to pay payroll. Ticket sales for other programs also havemissed projections. Season subscriptions, which totaled 3,000o 10 years ago, are down to about 850 now.
“Twentyg percent of a $350,000 goal is hard for any organizatioto swallow, especially Dayton Ballet,” Director Dermot Burkes said in a news release. Burke said the companh was poised to have agreat year, trendingg ahead of historic sales for The Nutcrackerf and 100 percent ahead in annual giving when the markety fell and, “People just stopped spendinbg money.”
Saturday, February 19, 2011
Burgess: Property tax losses
rubber roof
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxing jurisdictions – fire rescue, library, the unincorporate area and Miami-Dade overall – seeinv a decline. The countywide decrease comparing preliminary tax numbers from year to year showsw a 9percent decrease, or a total of $22.55 billion.” “Theses losses would have been worss if not for new construction that was addef to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountyg commissioners. North Bay Village took the biggesg hit, down 20.2 percent from 2008 levels. Homesteads saw an 18.
2 percent decline, followedf by Normandy Shores, down 17.5 percent, and Aventura whicyh was down 17.3 Golden Beach and the tiny city of Islandiaq sawno change. Medley saw a 1.5 percent drop whilse Biscayne Park saw a 4percent decline. Clic for the full list. Staffers reviewed property tax rolls goinfg back to 1985 and found that 1993 saw taxablw value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impact of doublingg the homestead exemption from $25,000 to the property tax roll was relatively flat,” Burgess explained in the memo.
“These losses in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometeer of whatis coming. For the second consecutive year, Miami-Dade faced a $200 million budgegt gap in the lastfiscao year. Core services were kept intact bytightening belts, but assuming the same tax rate adoptedx for 2008-09, the estimated ad valorem revenues for fiscall year 2009-10 would shrink by $174.1 according to the memo.
Taking into account the impact of normal inflationary growth and theeconomid slowdown, combined with the non ad valorem revenude sources, results in propert y tax subsidized operations facing a budget gap of $350 million to $400 Burgess said. “We are workinfg diligently to prepare a proposed budget forFY [fiscak year] 2009-10 that to the extent preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will requirwe some verydifficult decisions.
”
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxing jurisdictions – fire rescue, library, the unincorporate area and Miami-Dade overall – seeinv a decline. The countywide decrease comparing preliminary tax numbers from year to year showsw a 9percent decrease, or a total of $22.55 billion.” “Theses losses would have been worss if not for new construction that was addef to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountyg commissioners. North Bay Village took the biggesg hit, down 20.2 percent from 2008 levels. Homesteads saw an 18.
2 percent decline, followedf by Normandy Shores, down 17.5 percent, and Aventura whicyh was down 17.3 Golden Beach and the tiny city of Islandiaq sawno change. Medley saw a 1.5 percent drop whilse Biscayne Park saw a 4percent decline. Clic for the full list. Staffers reviewed property tax rolls goinfg back to 1985 and found that 1993 saw taxablw value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impact of doublingg the homestead exemption from $25,000 to the property tax roll was relatively flat,” Burgess explained in the memo.
“These losses in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometeer of whatis coming. For the second consecutive year, Miami-Dade faced a $200 million budgegt gap in the lastfiscao year. Core services were kept intact bytightening belts, but assuming the same tax rate adoptedx for 2008-09, the estimated ad valorem revenues for fiscall year 2009-10 would shrink by $174.1 according to the memo.
Taking into account the impact of normal inflationary growth and theeconomid slowdown, combined with the non ad valorem revenude sources, results in propert y tax subsidized operations facing a budget gap of $350 million to $400 Burgess said. “We are workinfg diligently to prepare a proposed budget forFY [fiscak year] 2009-10 that to the extent preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will requirwe some verydifficult decisions.
”
Thursday, February 17, 2011
Positive Energy expands to Duke City - New Mexico Business Weekly:
http://davidwhitely.com/category/notes/javascript/
A full-service renewable energy companu foundedin 1997, Positive Energy has doubled in the past threse years. The company wanted a presence in Albuquerquer and located in EDO becaus of its proximity to the Rail Runnercommutet train, which runs between Belen and Santa Fe. Tim McGivernj will be the company’s Albuquerqus sales and service representative, PES customers includd large commercial enterprises as well as smalleresidential installations. Solar applications are increasin g because of higherenergy costs, lower solar module cost s and a 40 percenr federal and state tax credit availablee for qualifying applications.
The new office will be powered by solard modules in the form of door andwindow awnings, and EPS is in preliminar y discussions about a rooftop installation to power the commomn area of one of EDO condominium
A full-service renewable energy companu foundedin 1997, Positive Energy has doubled in the past threse years. The company wanted a presence in Albuquerquer and located in EDO becaus of its proximity to the Rail Runnercommutet train, which runs between Belen and Santa Fe. Tim McGivernj will be the company’s Albuquerqus sales and service representative, PES customers includd large commercial enterprises as well as smalleresidential installations. Solar applications are increasin g because of higherenergy costs, lower solar module cost s and a 40 percenr federal and state tax credit availablee for qualifying applications.
The new office will be powered by solard modules in the form of door andwindow awnings, and EPS is in preliminar y discussions about a rooftop installation to power the commomn area of one of EDO condominium
Monday, February 14, 2011
Eddie Bauer owes NW creditors - Wichita Business Journal:
http://animationwebguide.com/cgi-bin/register.pl
Eddie Bauer in U.S. Bankruptcy Court in The company listed total assetsof $476.11 million and total debtsa of $426.7 million as of May 30. The retailer’sw largest unsecured creditor is the Bank of New which according to court paperas isowed $75 million. Eddie Bauer also owes $2.5 milliom to U.S. Customs. In additioj to Expeditors, Eddie Bauer liste d three other companies with ties to the area amonh its 30 largestunsecured creditors. , an Enumclaw company that designz and buildsdisplay fixtures, is owed and Seattle photography company Voda Studiow in Seattle is owed $72,800. Eddie Bauer says it also owes the Seattle branchyof , $856,000.
RR Donnelley is based in Chicago andprovidew printing, direct mail and other services for retaileras and other companies. The Bellevue-based retailer listed five majot shareholdersthat — combined — own 27.6 percengt of the common stock. They are: , an equity firm in , a private equity firm in San H PartnersCapital LLC, of New York and Royced & Associates investment funds, of New York.
Eddie Bauer in U.S. Bankruptcy Court in The company listed total assetsof $476.11 million and total debtsa of $426.7 million as of May 30. The retailer’sw largest unsecured creditor is the Bank of New which according to court paperas isowed $75 million. Eddie Bauer also owes $2.5 milliom to U.S. Customs. In additioj to Expeditors, Eddie Bauer liste d three other companies with ties to the area amonh its 30 largestunsecured creditors. , an Enumclaw company that designz and buildsdisplay fixtures, is owed and Seattle photography company Voda Studiow in Seattle is owed $72,800. Eddie Bauer says it also owes the Seattle branchyof , $856,000.
RR Donnelley is based in Chicago andprovidew printing, direct mail and other services for retaileras and other companies. The Bellevue-based retailer listed five majot shareholdersthat — combined — own 27.6 percengt of the common stock. They are: , an equity firm in , a private equity firm in San H PartnersCapital LLC, of New York and Royced & Associates investment funds, of New York.
Saturday, February 12, 2011
Joy in Arab world over Egypt as people ask who is next? - Times of India
ignatiywulyxura.blogspot.com
USA Today | Joy in Arab world over Egypt as people ask who is next? Times of India DUBAI: The euphoria that marked the downf » |
Wednesday, February 9, 2011
Unions protest Target Center project - Minneapolis / St. Paul Business Journal:
humidifier for baby
Roofers and Waterproofers Local 96 recently filedc a National Labor Relations Board complaintagainsrt Fridley-based Stock Roofing, a subsidiary of Skokie, Ill-based Tecta Americwa Corp. The union is complaininh that the contractor has been engaging in unsafe and unfairr labor practices atthe $5.3 million approved by the Minneapolis City Council in December and schedulecd for completion in July. “We understanxd that cities need tosave money,” said Locap 96 Business Manager Rob Snider. “But they also have a duty to protectg workers on publicly fundede projects by ensuringcontractors aren’t cuttingf corners.
” Stock Roofing's president and general manager couldn’t immediately be reached for comment. The unio n is complaining that work has taken place at night with insufficienrt lighting and impropersafety harnessing. Mike Minneapolis' community planning and economic development said he first heared ofthe union's complaints on April 20. He said the federap Occupational Safety and Health Administrationhad investigated, and there had been no negativr findings from the agency.
Christenson said the city is promptt about responding to complaints about itswork "We will continue to fielde any and all complaints and we will respond immediately," he
Roofers and Waterproofers Local 96 recently filedc a National Labor Relations Board complaintagainsrt Fridley-based Stock Roofing, a subsidiary of Skokie, Ill-based Tecta Americwa Corp. The union is complaininh that the contractor has been engaging in unsafe and unfairr labor practices atthe $5.3 million approved by the Minneapolis City Council in December and schedulecd for completion in July. “We understanxd that cities need tosave money,” said Locap 96 Business Manager Rob Snider. “But they also have a duty to protectg workers on publicly fundede projects by ensuringcontractors aren’t cuttingf corners.
” Stock Roofing's president and general manager couldn’t immediately be reached for comment. The unio n is complaining that work has taken place at night with insufficienrt lighting and impropersafety harnessing. Mike Minneapolis' community planning and economic development said he first heared ofthe union's complaints on April 20. He said the federap Occupational Safety and Health Administrationhad investigated, and there had been no negativr findings from the agency.
Christenson said the city is promptt about responding to complaints about itswork "We will continue to fielde any and all complaints and we will respond immediately," he
Monday, February 7, 2011
Solving an Empty Trash Problem - PC World
polinaagyvtiwu.blogspot.com
Solving an Empty Trash Problem PC World Suppose you've just updated to a new version of an application. Further, suppose this is one of those situations where the old ... |
Friday, February 4, 2011
GM files for bankruptcy protection - Denver Business Journal:
glycobiology-woodworking.blogspot.com
Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroit automaker, was the first GM affiliate to seek bankruptcy protectiom Monday morning throughthe U.S. Bankrutpcy Court's Southern Districf of New York, according to court The restructuring will enable GM to emerger as a viable entity under the brand namenew GM. It also will give the federalk government, which plans to make available about $30 billion of federal assistance to supporf the restructuring, a large ownership stake in the Two area companies were among the list of creditorsd in GM's filing: New York-basefd Bank of New York Mellon, with claimsz of $176 million, and Downtown-based US Steel, with claim of $9.
6 million. For a list of see GM's . According to a release from theWhiter House, the company plans to announce today that it will close 11 facilitie s and idle another three. GM had already announcecd in May .
Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroit automaker, was the first GM affiliate to seek bankruptcy protectiom Monday morning throughthe U.S. Bankrutpcy Court's Southern Districf of New York, according to court The restructuring will enable GM to emerger as a viable entity under the brand namenew GM. It also will give the federalk government, which plans to make available about $30 billion of federal assistance to supporf the restructuring, a large ownership stake in the Two area companies were among the list of creditorsd in GM's filing: New York-basefd Bank of New York Mellon, with claimsz of $176 million, and Downtown-based US Steel, with claim of $9.
6 million. For a list of see GM's . According to a release from theWhiter House, the company plans to announce today that it will close 11 facilitie s and idle another three. GM had already announcecd in May .
Wednesday, February 2, 2011
J. Jill to close one Jacksonville store - Houston Business Journal:
http://chantiers.org/varenne.htm
Nine of the 75 stores to be closed arein Florida, includinvg the one in The Avenues mall. A second Jacksonvillde J. Jill location at the St. Johns Town Centetr will remain open. In a statement announcinfg the sale, Talbots President and CEO Trudy Sullivan saidit “enables us to focuw our time, resources and attention exclusively on rejuvenating our core Talbotws brand and return to profitable growth.” The transactiohn includes the transfer of certain assets and liabilitiea to the buyer, includiny a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’s intellectuapl property and inventories.
The remaining 204 stores will continue to operate underthe J. Jill The headquarters for the company will remainhin Quincy. The J. Jill sale is expecteed to be completed in the second quarter and is subjec to postclosing adjustments. San Francisclo based-Golden Gate Capital acquired Jacksonville-basesd Venus in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announced that all 290 employeess were in jeopardy of losing theitr jobs when the swimwear and ladies apparel company lostits financing.
With its latest catalog recentlbeing released, Venus employees are still working, at least for now, and company executivees are looking for a new buyer to acquirs the company.
Nine of the 75 stores to be closed arein Florida, includinvg the one in The Avenues mall. A second Jacksonvillde J. Jill location at the St. Johns Town Centetr will remain open. In a statement announcinfg the sale, Talbots President and CEO Trudy Sullivan saidit “enables us to focuw our time, resources and attention exclusively on rejuvenating our core Talbotws brand and return to profitable growth.” The transactiohn includes the transfer of certain assets and liabilitiea to the buyer, includiny a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’s intellectuapl property and inventories.
The remaining 204 stores will continue to operate underthe J. Jill The headquarters for the company will remainhin Quincy. The J. Jill sale is expecteed to be completed in the second quarter and is subjec to postclosing adjustments. San Francisclo based-Golden Gate Capital acquired Jacksonville-basesd Venus in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announced that all 290 employeess were in jeopardy of losing theitr jobs when the swimwear and ladies apparel company lostits financing.
With its latest catalog recentlbeing released, Venus employees are still working, at least for now, and company executivees are looking for a new buyer to acquirs the company.
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