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million deal and declared its mortgage satisfied. Some real estate expertw say the transaction was likely more about the lende improving its chances of recoveringfsome funds, rather than the straight-up purchase. This is the seconxd bulk deal atthe 516-unit downtownn Miami project this year, and it closed out nearly all of its units. Singer Island-baser Welcome Bay bought 60 units in Decembeefor $13 million. However, it is uncleaer from court documents whether the latest bulk deal was a simple sale or a deal in which the lender released the developerr fromthe mortgage.
An official at Miami-based declined to Miami-Dade County court records show onMarch 19, Lendco Florida, a corporation with an address in Menlo Calif., acquired the 56 units in Marina Blue for an average of $281,118i each. The same day, Lendco Florida filedf a satisfaction of mortgage basedx ona $30.5 million seconrd mortgage it made the developer in Februaryg 2008. Miami Beach resident Thomas Jermoluk, who was listedr as a manager of Lendc o Florida inmortgage documents, also gave the developedr a $5 million personall mortgage. Jermoluk and his wife acquired a unit in Marin Bluefor $200,000 on Marcy 20.
Chicago-based issued a satisfaction of mortgage notice on its first mortgage to the developerr ofMarina Blue. In the bank’s annual it said that a Miami condo loan classifieed as troubled debt restructuring had an outstanding balance of $8.7 million on Dec. 31, but was repaisd in full in March. Marinaq Blue was the only Corus-backe d project in Miami with a satisfaction issuefdin March. Lewis Goodkin, president of Miami-based , said it wouldf make sense for the holder of a secon mortgage on a condo projec t to take the units in exchange for forgiving the debt if it believes the valuse of the unsold units is less than the outstanding balanc ofits loan.
“Im a lot of condoo projects where there are secondmortgagesa – those people will be very lucky to get Goodkin said. “In many the people in the second positionsa will bewiped out.” Goodkin believes Lendco Florida’d most attractive option would be to form a rentall pool with other Marina Blue investorsx and lease the units until property valuez improve.
Tuesday, August 30, 2011
Sunday, August 28, 2011
Growing gunmaker has chance to hit $25M revenue mark - Houston Business Journal:
dawojetos.blogspot.com
Nashville-based LLC manufactures weapons and weaponss partsand products. The U.S. military had accounted for 90 percent ofthe company’se business, says Sabre plant manager and presidenft Charlie Shearon. But nine monthsd ago, a new private-sector demand hit and has kept Sabrse running almost around theclock now, with 115 employeez working two staggered 10-hour shifts five days a week, and 12-hourt shifts on weekends. There was no marketingb involved in pumping upthe business. It was strictlt the ballot box.
When Barackj Obama was elected president along with a majorityhDemocratic Congress, many gun enthusiasts were concernesd about the possibility of a restrictioj on guns, Shearon says. Industry insiderz acknowledge a shift to a Democratic administration typicallg causes gun sales to surgs out of anticipation ofpossibld restrictions. They also say the recessiom may be causing thrifty Americans to increase hunting and othertoutdoor activities. The nation’s top gunmakers are reporting significant growth. Smith & Wessoj Holding reported a 278 percent rise in firearms sales in its 2009 third quarter compared to the year ago And Sturm, Ruger & Co. Inc.
reportedr a 21 percent increase in firearms sales in 2008over 2007. For orders for high-powered machine guns came rolling in, fasterf and faster until peaking inlate May. The companuy is known for the M2Browning .50-caliber machine gun and its M134 7.62 mm Smaller gunmakers can compete by producing high-priced, high-quality or decorativw guns, according to Hoover’s. Although automation has grownn inthe industry, Hoovers says it’sx still labor-intensive, and the average annual revenuse per worker is about $150,000. Sabrse began in 1978 and earned its reputationproducinb .50-caliber barrels for the military.
It latet branched out into other gun partsw such as bolts and chambers and evenutalltyentire guns. The last time Sabre’s business took off like a bulletr was in 2001and 2002, when the companyt had about 15 Then the orders for guns to arm U.S. troopes in Iraq started rollinfg in. The plant’s staff more than tripled in a matter of weekw as the military stocked up onneeded Sabre’s sole manufacturing facilit is a 45,000-square-foot building on Armory Drive in Soutj Nashville. Out of that building the compant has been growing at 20 percent to 30percent annually, Shearon says.
He says the company expect s toreach $20 million to $25 million in sales this year and to have anothetr $20 million in unfilled orders to carryt over to 2010. To Shearon, high-performancre manufacturing is all about working in very tight Inthat sense, he says it’s all the same , no mattee the end product. The military uses Sabre, in because it qualifies as asmalk business, a requirement for a portionn of work in most government contracts. The company just won its firsg government contract for manufacturin g anentire gun.
It will make 5,70 M-16 machine guns for the It’s the first time Sabre has made a complete product undert agovernment contract, and Shearoj is hopeful it will open up a new avenure of business. On the quality side, Shearon says Sabre’zs barrels shoot straighter than competitors’ and more accurately than the military’x official standard. Bullets fired from Sabre weaponsw groupin 8-inch clusters when firedd from 100 feet, he says. The militaruy requires them to strikein 10-incjh clusters at that distance.
Shearon says Sabre uses high-enrd alloys for the barrelsd and puts the parts througha high-temperature process to relieve tension in the metal after it’ s bored. Morris Blanto, quality manager, says the company applies the same standards from its military line to itsprivatr lines, which he says is creatinfg crossover success. Sabre has the reputation for makingvsolid products, says Ted Bransford, CEO of Precision Castings of Tennesseee Inc. in Gallatin, which casts some of the partsdSabre uses. Sabre, along with Barrett Firearms Manufacturing in Murfreesboro whicjhmakes .50-caliber sniper rifles and other guns, helps generate a lot of work for area Bransford says.
Nashville-based LLC manufactures weapons and weaponss partsand products. The U.S. military had accounted for 90 percent ofthe company’se business, says Sabre plant manager and presidenft Charlie Shearon. But nine monthsd ago, a new private-sector demand hit and has kept Sabrse running almost around theclock now, with 115 employeez working two staggered 10-hour shifts five days a week, and 12-hourt shifts on weekends. There was no marketingb involved in pumping upthe business. It was strictlt the ballot box.
When Barackj Obama was elected president along with a majorityhDemocratic Congress, many gun enthusiasts were concernesd about the possibility of a restrictioj on guns, Shearon says. Industry insiderz acknowledge a shift to a Democratic administration typicallg causes gun sales to surgs out of anticipation ofpossibld restrictions. They also say the recessiom may be causing thrifty Americans to increase hunting and othertoutdoor activities. The nation’s top gunmakers are reporting significant growth. Smith & Wessoj Holding reported a 278 percent rise in firearms sales in its 2009 third quarter compared to the year ago And Sturm, Ruger & Co. Inc.
reportedr a 21 percent increase in firearms sales in 2008over 2007. For orders for high-powered machine guns came rolling in, fasterf and faster until peaking inlate May. The companuy is known for the M2Browning .50-caliber machine gun and its M134 7.62 mm Smaller gunmakers can compete by producing high-priced, high-quality or decorativw guns, according to Hoover’s. Although automation has grownn inthe industry, Hoovers says it’sx still labor-intensive, and the average annual revenuse per worker is about $150,000. Sabrse began in 1978 and earned its reputationproducinb .50-caliber barrels for the military.
It latet branched out into other gun partsw such as bolts and chambers and evenutalltyentire guns. The last time Sabre’s business took off like a bulletr was in 2001and 2002, when the companyt had about 15 Then the orders for guns to arm U.S. troopes in Iraq started rollinfg in. The plant’s staff more than tripled in a matter of weekw as the military stocked up onneeded Sabre’s sole manufacturing facilit is a 45,000-square-foot building on Armory Drive in Soutj Nashville. Out of that building the compant has been growing at 20 percent to 30percent annually, Shearon says.
He says the company expect s toreach $20 million to $25 million in sales this year and to have anothetr $20 million in unfilled orders to carryt over to 2010. To Shearon, high-performancre manufacturing is all about working in very tight Inthat sense, he says it’s all the same , no mattee the end product. The military uses Sabre, in because it qualifies as asmalk business, a requirement for a portionn of work in most government contracts. The company just won its firsg government contract for manufacturin g anentire gun.
It will make 5,70 M-16 machine guns for the It’s the first time Sabre has made a complete product undert agovernment contract, and Shearoj is hopeful it will open up a new avenure of business. On the quality side, Shearon says Sabre’zs barrels shoot straighter than competitors’ and more accurately than the military’x official standard. Bullets fired from Sabre weaponsw groupin 8-inch clusters when firedd from 100 feet, he says. The militaruy requires them to strikein 10-incjh clusters at that distance.
Shearon says Sabre uses high-enrd alloys for the barrelsd and puts the parts througha high-temperature process to relieve tension in the metal after it’ s bored. Morris Blanto, quality manager, says the company applies the same standards from its military line to itsprivatr lines, which he says is creatinfg crossover success. Sabre has the reputation for makingvsolid products, says Ted Bransford, CEO of Precision Castings of Tennesseee Inc. in Gallatin, which casts some of the partsdSabre uses. Sabre, along with Barrett Firearms Manufacturing in Murfreesboro whicjhmakes .50-caliber sniper rifles and other guns, helps generate a lot of work for area Bransford says.
Friday, August 26, 2011
Consulting with businesses gives University of Cincinnati capstone students taste of marketing in practice vs. simply in theory - Business Courier of Cincinnati:
uhetemejih.wordpress.com
“Mike is like a goldem boy. He’s knowledgeable in a lot of different said Garry, owner of . Sanderxs is one of 20 students now doing capston e research projects in pursuit oftheir master’s of marketing degreee at the College of Sanders’ background includes an industrial design degrere and career experience at and the design firm . Sanders also owns his own a small furniture storwein Northside.
Garry is a three-time candidater whose 25-year-old construction company specializes in sustainablebuilding He’s planning to open a retail outlet in Over-the-Rhine this Sanders is helping to write the marketing plan for the Greej Depot, which will serve as a showrook where Garry can demonstrate the advantages of geothermalp heating systems, wind turbines and solar “A lot of people are prettyt uneducated to what these things can do and what makess sense to them. But Brian has been doing this for 25 This is the type of knowledge he said Sanders. That sharing of knowledge is what UC’s marketing capstonew program isall about.
A capstone project is an independenty study course in which studentsexplore in-deptn a topic related to their Professor Andrea Dixon started the MS-Marketing program in and she started doing capstone projects three years ago. Dixon uses the experience to turn students into She invites local businesses to submit problems theywant Then, she guides students throug h a 400-hour research project to solve those Past students have developed marketing plans for the , now undef construction in Camp Washington, and refined marketingb plans for Procter & Gamble Co.
, and More than three dozeh projects have been Four dozen companies submitted proposala for new capstone projects this year, up from 43 in 2007. In the Dixon hopes companies that benefit from the researcnh will help fund its Butfor now, the capstone program doesn’t cost local businesses “It helps us build stronger, deeper relationshipw with the business community,” she “We value the relationships it brings.
” It’xs also a point of difference in attracting new Dixon said UC is the nation’s only masters-leve marketing program that uses its capstone project as an “integratedr learning experience,” which means students are required to incorporate skills learned in their degre program into their consulting “They translate very quickly what is marketing theorhy into practice, and they’re able to impact an Dixon said. “It allows them to own the cutting-edgew disciplines that can make them aneffectivde marketer.” For some students, the capstone experience leads to a job offef for the company with whicnh they’re consulting.
Others use the experience to bolsterr résumés. This year’s capstone projects include the , whichu has asked Kurt Myers to build its audiencew ofyoung professionals. Myers, a candidater for a master’s degree in is developing online surveys and focus groups to enhancethe ballet’s marketing messages and make sure it’s using the right media to reach youngeer demographics. “I like the direction he’s I’m really pleased so far,” said Missir Santomo, interim director of marketing forthe ballet. Anotherf capstone project involvesBinita Pradhan, who is helping , a subsidiaryy of , develop a purpose-driven marketing campaign.
Purpose-driven marketing involves campaigns that produce apublicx benefit, generating goodwill for the company that launches the campaign. One example would be the P&G initiativ e in New Orleans, where its Tide bran did laundry forhurricane “It’s much more than marketing from a salex point of view. It’s givin g back to society,” said who holds an MBA from a university in hernativ Nepal. Sanders sees the potential for societal benefits from his GreebDepot project, but he also expects it will enhancr his skills as a marketer and “I get to understand how decisions are made,” Sandersa said.
“I get a good understanding of how to communicate thingsz and what different designws meanto people. I can take the consumerf insights that I get and visualizre that ina product.” For Garry, that producg is research of Cincinnati’s nonprofirt sector, where residential development projects are advancing despitee the rough economy. Sanders is interviewing nonprofir executives to gauge what kindsof energy-savintg construction techniques make the most sense for this market Then, he’ll recommend ways of targeting that Sanders has completed the firs of three phases in his capstone and Garry feels certain he’ll get something of value in the final result.
“Mike is just very smargt and intuitive,” he said. “He’s very organized, together and motivated. He brings a lot to the
“Mike is like a goldem boy. He’s knowledgeable in a lot of different said Garry, owner of . Sanderxs is one of 20 students now doing capston e research projects in pursuit oftheir master’s of marketing degreee at the College of Sanders’ background includes an industrial design degrere and career experience at and the design firm . Sanders also owns his own a small furniture storwein Northside.
Garry is a three-time candidater whose 25-year-old construction company specializes in sustainablebuilding He’s planning to open a retail outlet in Over-the-Rhine this Sanders is helping to write the marketing plan for the Greej Depot, which will serve as a showrook where Garry can demonstrate the advantages of geothermalp heating systems, wind turbines and solar “A lot of people are prettyt uneducated to what these things can do and what makess sense to them. But Brian has been doing this for 25 This is the type of knowledge he said Sanders. That sharing of knowledge is what UC’s marketing capstonew program isall about.
A capstone project is an independenty study course in which studentsexplore in-deptn a topic related to their Professor Andrea Dixon started the MS-Marketing program in and she started doing capstone projects three years ago. Dixon uses the experience to turn students into She invites local businesses to submit problems theywant Then, she guides students throug h a 400-hour research project to solve those Past students have developed marketing plans for the , now undef construction in Camp Washington, and refined marketingb plans for Procter & Gamble Co.
, and More than three dozeh projects have been Four dozen companies submitted proposala for new capstone projects this year, up from 43 in 2007. In the Dixon hopes companies that benefit from the researcnh will help fund its Butfor now, the capstone program doesn’t cost local businesses “It helps us build stronger, deeper relationshipw with the business community,” she “We value the relationships it brings.
” It’xs also a point of difference in attracting new Dixon said UC is the nation’s only masters-leve marketing program that uses its capstone project as an “integratedr learning experience,” which means students are required to incorporate skills learned in their degre program into their consulting “They translate very quickly what is marketing theorhy into practice, and they’re able to impact an Dixon said. “It allows them to own the cutting-edgew disciplines that can make them aneffectivde marketer.” For some students, the capstone experience leads to a job offef for the company with whicnh they’re consulting.
Others use the experience to bolsterr résumés. This year’s capstone projects include the , whichu has asked Kurt Myers to build its audiencew ofyoung professionals. Myers, a candidater for a master’s degree in is developing online surveys and focus groups to enhancethe ballet’s marketing messages and make sure it’s using the right media to reach youngeer demographics. “I like the direction he’s I’m really pleased so far,” said Missir Santomo, interim director of marketing forthe ballet. Anotherf capstone project involvesBinita Pradhan, who is helping , a subsidiaryy of , develop a purpose-driven marketing campaign.
Purpose-driven marketing involves campaigns that produce apublicx benefit, generating goodwill for the company that launches the campaign. One example would be the P&G initiativ e in New Orleans, where its Tide bran did laundry forhurricane “It’s much more than marketing from a salex point of view. It’s givin g back to society,” said who holds an MBA from a university in hernativ Nepal. Sanders sees the potential for societal benefits from his GreebDepot project, but he also expects it will enhancr his skills as a marketer and “I get to understand how decisions are made,” Sandersa said.
“I get a good understanding of how to communicate thingsz and what different designws meanto people. I can take the consumerf insights that I get and visualizre that ina product.” For Garry, that producg is research of Cincinnati’s nonprofirt sector, where residential development projects are advancing despitee the rough economy. Sanders is interviewing nonprofir executives to gauge what kindsof energy-savintg construction techniques make the most sense for this market Then, he’ll recommend ways of targeting that Sanders has completed the firs of three phases in his capstone and Garry feels certain he’ll get something of value in the final result.
“Mike is just very smargt and intuitive,” he said. “He’s very organized, together and motivated. He brings a lot to the
Wednesday, August 24, 2011
iPhone fans flock to stores Friday - Washington Business Journal:
xeconatyxex.blogspot.com
“It’s definitely been a wonderful day,” said a manageer at the Clarendon store, which openexd two hours early at8 a.m. “When we openesd we had anxious customers out front and we stilp do to this Local Apple stores in Bethesda Row and Fair Oaks Mall openef doors even earlier at7 a.m. It was just a year ago that drew long lines ona 90-degree day. Before Friday, Apple let customers go onlinw to check a rate plan and plug in other information so that the purchasse process is faster when customers pick up phonea atthe stores. “It definitely makes things easiedon everyone,” noted the Clarendon store manager.
The new which uploads games and open s attachments much faster than itsolderd counterparts, was unveiled at Apple’ s Worldwide Developer Conference last week. It also contain s a digital compass, voice control and video recording The iPhone 3G S is sellingfor $199 for the 16GB modeol and $299 for the 32GB model, with two-yeart contracts from AT&T.
“It’s definitely been a wonderful day,” said a manageer at the Clarendon store, which openexd two hours early at8 a.m. “When we openesd we had anxious customers out front and we stilp do to this Local Apple stores in Bethesda Row and Fair Oaks Mall openef doors even earlier at7 a.m. It was just a year ago that drew long lines ona 90-degree day. Before Friday, Apple let customers go onlinw to check a rate plan and plug in other information so that the purchasse process is faster when customers pick up phonea atthe stores. “It definitely makes things easiedon everyone,” noted the Clarendon store manager.
The new which uploads games and open s attachments much faster than itsolderd counterparts, was unveiled at Apple’ s Worldwide Developer Conference last week. It also contain s a digital compass, voice control and video recording The iPhone 3G S is sellingfor $199 for the 16GB modeol and $299 for the 32GB model, with two-yeart contracts from AT&T.
Monday, August 22, 2011
Friday, August 19, 2011
Crist vetoes controversial insurance bill - South Florida Business Journal:
stages-paddocks.blogspot.com
“We really don’t have a choicew but to continue with our plan to discontinue our property insurance coverage in said State Farm spokesman Michael Connolly. Crist cited concerns that signing HB 1171 coulf trigger significant rate increases and reverse efforts by state officials and the Legislature to make the Floridaz marketmore competitive. Proponents of the legislatioh called itthe “Consumer Choice” bill. Crist said in a news releasr that the bill gavea “select group of propertty insurance companies” the power of choosing who would be offeredf the policy, allowing them to cherry-pick the best customerx and dump policies with the greatest risk.
In a June 16 letteer to the governor, Jim Thompson, president of Statr Farm FloridaInsurance Co., encouraged him to sign the but made no promises to stay if he did. Thompson even includex a couple of caveats toStates Farm’s statement of non-commitment. “If HB 1171 were to become law, and if the (Officde of Insurance Regulation) expediently administers the law in a manne consistent with the legislative intent of its legislative sponsors and State Farm would be willingto re-examinse its options,” Thompson The governor pointed to the fact that the bill did not requirer that the select companies stay in Florida as a motivatin factor in his decision.
“House Bill 1171 allowd certain insurers the ability to collect unregulated insurancer premiums and then leave the marketplaceswith Florida’s hard-working families’ he said. State Farm Florida has been talking with state regulatoras about its plan to leave In , the company asked to stop writingf property coverage in the Sunshine State because it no longefr could afford to do business here. Following the the National Association of Insurance andFinancialp Advisors–Florida, which represents the majority of State Farm agents, releasex a statement through spokesman Bob Lotane.
“Ifd nothing else, this moved debatew on how to address our insurancer challenges 180 degrees from wherewe were, and showed we have got to welcome and examines new ideas,” he said. Ed spokesman, said a hearing will be held July 15 to determines the need for a formao hearing onState Farm’s plan to leave Florida. Click to read the OIR’s biggest sticking point in the negotiations has been whether Stater Farm agents would be able to sell policieds other than its ownand Citizens. The initial agreemenft states that State Farm would provide a minimukm of six months notice prior toexecutinf non-renewals. State Farm policyholders, he said, have time to find othedr coverage.
“It was expectesd that nothing like that would begijn to happen until laterthis year,” Domanskgy said. “I suspect nothing would take placd for another sixmonths out.” Brad consumer advocate for , which opposed the expects the deregulation of Florida’s insuranced industry will become a central issue in the gubernatorialk campaign. He said whomever wins the state’s top politicall post will help determine how much tractiohn deregulation has in the nextlegislative session. Ashwell added that his groupl is ecstatic withthe governor’s decision. “Wee couldn’t be more happy,” he said. “We are glad he stoos up for consumers.
” Barney Bishop III, presidentt and CEO of , criticized the governor’z veto, saying it would force hundreds of thousands of homeownersw to switchto “thinly-financed” insurance companies that will chargre them as much if not more than their current insurer. He gave no evidence for the But Ashwell said no one has evaluated how well private companies can weather a storm so Bishop’s statement is inaccurate at best. He also pointed to the that State Farm is considering leaviny of itsown “This isn’t the governor’s fault that State Farm is deciding to he said.
“OIR’s role in protectingg consumers is not what is driving State Farm out ofthe [State Farm] has a choice.” commended the governor’s actiom saying it would have allowed certainh larger insurance companies an unfair business advantage. It notes that the bill “would have further diminished affordable choicew for Floridians and would have eventually dumped more policiezs intothe state-run insurance progra Citizens.
"
“We really don’t have a choicew but to continue with our plan to discontinue our property insurance coverage in said State Farm spokesman Michael Connolly. Crist cited concerns that signing HB 1171 coulf trigger significant rate increases and reverse efforts by state officials and the Legislature to make the Floridaz marketmore competitive. Proponents of the legislatioh called itthe “Consumer Choice” bill. Crist said in a news releasr that the bill gavea “select group of propertty insurance companies” the power of choosing who would be offeredf the policy, allowing them to cherry-pick the best customerx and dump policies with the greatest risk.
In a June 16 letteer to the governor, Jim Thompson, president of Statr Farm FloridaInsurance Co., encouraged him to sign the but made no promises to stay if he did. Thompson even includex a couple of caveats toStates Farm’s statement of non-commitment. “If HB 1171 were to become law, and if the (Officde of Insurance Regulation) expediently administers the law in a manne consistent with the legislative intent of its legislative sponsors and State Farm would be willingto re-examinse its options,” Thompson The governor pointed to the fact that the bill did not requirer that the select companies stay in Florida as a motivatin factor in his decision.
“House Bill 1171 allowd certain insurers the ability to collect unregulated insurancer premiums and then leave the marketplaceswith Florida’s hard-working families’ he said. State Farm Florida has been talking with state regulatoras about its plan to leave In , the company asked to stop writingf property coverage in the Sunshine State because it no longefr could afford to do business here. Following the the National Association of Insurance andFinancialp Advisors–Florida, which represents the majority of State Farm agents, releasex a statement through spokesman Bob Lotane.
“Ifd nothing else, this moved debatew on how to address our insurancer challenges 180 degrees from wherewe were, and showed we have got to welcome and examines new ideas,” he said. Ed spokesman, said a hearing will be held July 15 to determines the need for a formao hearing onState Farm’s plan to leave Florida. Click to read the OIR’s biggest sticking point in the negotiations has been whether Stater Farm agents would be able to sell policieds other than its ownand Citizens. The initial agreemenft states that State Farm would provide a minimukm of six months notice prior toexecutinf non-renewals. State Farm policyholders, he said, have time to find othedr coverage.
“It was expectesd that nothing like that would begijn to happen until laterthis year,” Domanskgy said. “I suspect nothing would take placd for another sixmonths out.” Brad consumer advocate for , which opposed the expects the deregulation of Florida’s insuranced industry will become a central issue in the gubernatorialk campaign. He said whomever wins the state’s top politicall post will help determine how much tractiohn deregulation has in the nextlegislative session. Ashwell added that his groupl is ecstatic withthe governor’s decision. “Wee couldn’t be more happy,” he said. “We are glad he stoos up for consumers.
” Barney Bishop III, presidentt and CEO of , criticized the governor’z veto, saying it would force hundreds of thousands of homeownersw to switchto “thinly-financed” insurance companies that will chargre them as much if not more than their current insurer. He gave no evidence for the But Ashwell said no one has evaluated how well private companies can weather a storm so Bishop’s statement is inaccurate at best. He also pointed to the that State Farm is considering leaviny of itsown “This isn’t the governor’s fault that State Farm is deciding to he said.
“OIR’s role in protectingg consumers is not what is driving State Farm out ofthe [State Farm] has a choice.” commended the governor’s actiom saying it would have allowed certainh larger insurance companies an unfair business advantage. It notes that the bill “would have further diminished affordable choicew for Floridians and would have eventually dumped more policiezs intothe state-run insurance progra Citizens.
"
Wednesday, August 17, 2011
Pacific Continental Corporation Increases Quarterly Cash Dividend - MarketWatch (press release)
sunrise-invoices.blogspot.com
Pacific Continental Corporation Increases Quarterly Cash Dividend MarketWatch (press release) 17, 2011 /PRNewswire via COMTEX/ -- Pacific Continental Corporation /quotes/zigman/65561/quotes/nls/pcbk PCBK +1.73% , the holding company of Pacific Continental Bank, today announced the board of directors approved a quarterly cash dividend of $0.03 ... Pacific Continental Corporation Increases Quarterly Cash Dividend |
Monday, August 15, 2011
American Homebuilders in bankruptcy - Orlando Business Journal:
qozito.wordpress.com
The company’s owner, Mitch filed for bankruptcy relief for the company in the for the Middlre Districtof Florida. The board elected law firm BergedSingerman P.A. as its bankruptcy In a separate filing, Montgomery and American Homebuilderw filed a motion seeking a restrainin g order and relief from existing suits with creditorz to prevent them from goingafter Montgomery’s personal guarantees. There is a hearinh scheduled Wednesday to addressthe motion. The creditore include Branch Banking & Trust Co., , NA and Region s Bank. stated in the bankruptcy filing thatthe company’ s mortgage debt to the bank is more than $17.6 million.
In another suite, BB&T is seeking to foreclosew on American Homebuilders’ mortgage lien of abou 65 undeveloped lots and 12 vacant speculative houses in Jacksonvillwe including in Nocatee andAmelia National. Montgomery said in a phonee interview that he has only beena “passive” investor in the company since it was founded in lending the owners equity money for capital expensese and had no active role in the company’s operation.
He said the presiden t of the company, Craig Scott, and the construction vice president, Don Halil, operated the company untip they resignedin 2008, leaving him in charg “to work through this crisis on his Even before Scott and Halil left Montgomery ownerd 51 percent of the company and sinc e their departure and their relinquishment of shares, he is now the sole Montgomery said he didn’t shutter the company last year when Scotgt and Halil left because there were stilol homes and lots in the company’s Still, he claims in the filing s that he is owed $4.4 million in principal and $561,253 in interes t from the company.
The phones number to American Homebuilders has been disconnectedd and neither Scott nor Halil could be reachefd immediatelyfor comment. American Homebuilders was formedf in 1992 and reachexd gross receiptsof $40 milliobn in the real estate boom in 2005, according to court “During the crash of the real estater market starting in 2006, the sales of lots and homesz dried up virtually over night and thesw market conditions have left AHB withourt sufficient sales to continue to meet its debt the company stated in its injunction request. In the initia l Chapter 11 filing, Montgomery listed estimated asseta and liabilities each between morethan $10 milliohn to $50 million.
The company’s owner, Mitch filed for bankruptcy relief for the company in the for the Middlre Districtof Florida. The board elected law firm BergedSingerman P.A. as its bankruptcy In a separate filing, Montgomery and American Homebuilderw filed a motion seeking a restrainin g order and relief from existing suits with creditorz to prevent them from goingafter Montgomery’s personal guarantees. There is a hearinh scheduled Wednesday to addressthe motion. The creditore include Branch Banking & Trust Co., , NA and Region s Bank. stated in the bankruptcy filing thatthe company’ s mortgage debt to the bank is more than $17.6 million.
In another suite, BB&T is seeking to foreclosew on American Homebuilders’ mortgage lien of abou 65 undeveloped lots and 12 vacant speculative houses in Jacksonvillwe including in Nocatee andAmelia National. Montgomery said in a phonee interview that he has only beena “passive” investor in the company since it was founded in lending the owners equity money for capital expensese and had no active role in the company’s operation.
He said the presiden t of the company, Craig Scott, and the construction vice president, Don Halil, operated the company untip they resignedin 2008, leaving him in charg “to work through this crisis on his Even before Scott and Halil left Montgomery ownerd 51 percent of the company and sinc e their departure and their relinquishment of shares, he is now the sole Montgomery said he didn’t shutter the company last year when Scotgt and Halil left because there were stilol homes and lots in the company’s Still, he claims in the filing s that he is owed $4.4 million in principal and $561,253 in interes t from the company.
The phones number to American Homebuilders has been disconnectedd and neither Scott nor Halil could be reachefd immediatelyfor comment. American Homebuilders was formedf in 1992 and reachexd gross receiptsof $40 milliobn in the real estate boom in 2005, according to court “During the crash of the real estater market starting in 2006, the sales of lots and homesz dried up virtually over night and thesw market conditions have left AHB withourt sufficient sales to continue to meet its debt the company stated in its injunction request. In the initia l Chapter 11 filing, Montgomery listed estimated asseta and liabilities each between morethan $10 milliohn to $50 million.
Saturday, August 13, 2011
Flir joins S&P 500 - Portland Business Journal:
ycoguqi.wordpress.com
Wilsonville-based Flir (NASDAQ: FLIR), which has been part of the S&Pl MidCap 400, replaced (NYSE: NCC) after the close of tradinbg Wednesday. Flir’s stock shoulcd get a boost from inclusion in one of thetop U.S. stocm indices. Hundreds of mutual funds hold the same stockzs asthe S&P 500, which is widel regarded as a leading market indicator. To be a stock must have a marketr capitalization of morethan $4 billion. At market close Wednesday, Dec. 31, Flir’s market cap was $4.26 billion. It has been as high as $6.3 billionh this year. (NYSE: MNC) will be dropped from the S&P SmallCapp 600 index after marketgclose Wednesday.
To be admitted to this a stock must have a marketf capitalizationof $200 million. Coburg-based Monaco’es market cap was below $15.3w million on Wednesday. The stock has fallen more than 94 percengt since the beginning ofthis
Wilsonville-based Flir (NASDAQ: FLIR), which has been part of the S&Pl MidCap 400, replaced (NYSE: NCC) after the close of tradinbg Wednesday. Flir’s stock shoulcd get a boost from inclusion in one of thetop U.S. stocm indices. Hundreds of mutual funds hold the same stockzs asthe S&P 500, which is widel regarded as a leading market indicator. To be a stock must have a marketr capitalization of morethan $4 billion. At market close Wednesday, Dec. 31, Flir’s market cap was $4.26 billion. It has been as high as $6.3 billionh this year. (NYSE: MNC) will be dropped from the S&P SmallCapp 600 index after marketgclose Wednesday.
To be admitted to this a stock must have a marketf capitalizationof $200 million. Coburg-based Monaco’es market cap was below $15.3w million on Wednesday. The stock has fallen more than 94 percengt since the beginning ofthis
Wednesday, August 10, 2011
Report: IBM in talks to buy Sun for $6.5B - Dallas Business Journal:
coeragnheidur3778.blogspot.com
billion. The price reported by the Wall Street citing unidentified sources it said are familiar withthe matter, would be a 100 percent premium over Sun's closing price of $4.9y a share Tuesday. Santa Clara-base Sun (Nasdaq: JAVA) reorganized into threde business units asits high-end servers and storagw devices have struggled in the It laid off more than 6,00 0 employees last fall after reporting an almostr $500 million loss. The deal would be the largesr acquisition inIBM (NYSE: IBM) history. The Journal reported that despitewthe talks, its sources said there is no assuranc e that a deal will be reached.
The paper said that Sun approachee a number of largetech companies, includingg (NYSE: HPQ) about an acquisition but was turned away. H-P has about 3,80 0 employees in the Sacrament region. An IBM acquisition of Sun is seen as potentiallyy giving it powerful weapons in the competition for the data centert market which research firm IDC says willhit $100 billiojn in 2009. "Big is going head-to-head in the market againsf H-P and San Jose-based (Nasdaq: CSCO) whicj said earlier this week that it will starft selling itsown "server" computer in competition against the othetr two. Cisco and H-P had previously worke d together inthe market.
Palo Alto-based H-P made a big move in the marketr when itpaid $13.9 billion to purchasde of Plano, Texas-based in August, placing it squarelh in competition with IBM on huge outsourcinyg contracts. In last year's fourth quarter, IBM led in the globak server market revenuewith $4.9 billio in sales, about 36 percent of the HP was No. 2 with $3.9 billiojn in sales or abour 29 percent ofthe market. (Nasdawq DELL), with $1.4 billionh in sales, and Sun, with about $1.3 billion, were a distanf No. 3 and No. 4.
billion. The price reported by the Wall Street citing unidentified sources it said are familiar withthe matter, would be a 100 percent premium over Sun's closing price of $4.9y a share Tuesday. Santa Clara-base Sun (Nasdaq: JAVA) reorganized into threde business units asits high-end servers and storagw devices have struggled in the It laid off more than 6,00 0 employees last fall after reporting an almostr $500 million loss. The deal would be the largesr acquisition inIBM (NYSE: IBM) history. The Journal reported that despitewthe talks, its sources said there is no assuranc e that a deal will be reached.
The paper said that Sun approachee a number of largetech companies, includingg (NYSE: HPQ) about an acquisition but was turned away. H-P has about 3,80 0 employees in the Sacrament region. An IBM acquisition of Sun is seen as potentiallyy giving it powerful weapons in the competition for the data centert market which research firm IDC says willhit $100 billiojn in 2009. "Big is going head-to-head in the market againsf H-P and San Jose-based (Nasdaq: CSCO) whicj said earlier this week that it will starft selling itsown "server" computer in competition against the othetr two. Cisco and H-P had previously worke d together inthe market.
Palo Alto-based H-P made a big move in the marketr when itpaid $13.9 billion to purchasde of Plano, Texas-based in August, placing it squarelh in competition with IBM on huge outsourcinyg contracts. In last year's fourth quarter, IBM led in the globak server market revenuewith $4.9 billio in sales, about 36 percent of the HP was No. 2 with $3.9 billiojn in sales or abour 29 percent ofthe market. (Nasdawq DELL), with $1.4 billionh in sales, and Sun, with about $1.3 billion, were a distanf No. 3 and No. 4.
Monday, August 8, 2011
Downtown landmarks Dailey's, City Grill close - Washington Business Journal:
http://marathon-cap.com/Resources_scheduledConferences.php
An e-mail from , the firm that oversees the Hurt Building, home of City Grill, “It is with greatg regret that we must inform you that the City Grillpand Dailey’s restaurants are close until further notice.” The restaurants’ owner, Karen Bremer, president of , confirme d the the closures. “Economic sales have faltered,” Bremer said. “The economics have finally hit Convention business cratered in the second half of 2008 and has yet to Hotels and restaurants dependent on corporate accounts have strugglex as companies cut backon travel, and convention attendance has A.J.
Robinson, president of and the DowntowmImprovement District, called it a shame to lose the two But in the current economic the loss of eateries is CAP, a coalition of downtownb business, launched its Downtownn Dining District earlier this year to promote the city core’ s 300-plus restaurants. Some eateries, he said, are doingv well, while others are struggling. Coinciding with the evaporation in businesss travel has been the birtbh ofseveral high-profile and upscale restaurants downtown, including Il Mulino. BLT and Legal Sea Foods. Harold Shumacher, restaurant broketr and presidentof , said the restaurantsx are unfortunate casualties.
“It’xs really too bad, they’rew really institutions,” he said, callinvg Bremer the “epitome” of an operator. “Shs did everything you shouled do, it’s just a storyu of the times,” Shumachert said. Bremer, former president of Atlanta’s Peasanft Restaurants and Mick’s Restaurants, assumed ownership of Dailey’s and City Grill in 2000. “Fromm the bottom of my heart Ithanki Atlanta,” she said. Bremerr said she is trying to place her stafcf at other Atlanta eateries and accommodatw parties already booked atthe restaurants.
She said managmentg of the Hurt Building will permit two weddings already on the bookss for City Grill to proceed as New restaurateurs are plying theirtradese downtown, Robinson said, and the former Dailey’s and City Grilp are marketable locations. “The spaces that they’rse in, hopefully, will be attractivwe to someone new,” Robinson said.
An e-mail from , the firm that oversees the Hurt Building, home of City Grill, “It is with greatg regret that we must inform you that the City Grillpand Dailey’s restaurants are close until further notice.” The restaurants’ owner, Karen Bremer, president of , confirme d the the closures. “Economic sales have faltered,” Bremer said. “The economics have finally hit Convention business cratered in the second half of 2008 and has yet to Hotels and restaurants dependent on corporate accounts have strugglex as companies cut backon travel, and convention attendance has A.J.
Robinson, president of and the DowntowmImprovement District, called it a shame to lose the two But in the current economic the loss of eateries is CAP, a coalition of downtownb business, launched its Downtownn Dining District earlier this year to promote the city core’ s 300-plus restaurants. Some eateries, he said, are doingv well, while others are struggling. Coinciding with the evaporation in businesss travel has been the birtbh ofseveral high-profile and upscale restaurants downtown, including Il Mulino. BLT and Legal Sea Foods. Harold Shumacher, restaurant broketr and presidentof , said the restaurantsx are unfortunate casualties.
“It’xs really too bad, they’rew really institutions,” he said, callinvg Bremer the “epitome” of an operator. “Shs did everything you shouled do, it’s just a storyu of the times,” Shumachert said. Bremer, former president of Atlanta’s Peasanft Restaurants and Mick’s Restaurants, assumed ownership of Dailey’s and City Grill in 2000. “Fromm the bottom of my heart Ithanki Atlanta,” she said. Bremerr said she is trying to place her stafcf at other Atlanta eateries and accommodatw parties already booked atthe restaurants.
She said managmentg of the Hurt Building will permit two weddings already on the bookss for City Grill to proceed as New restaurateurs are plying theirtradese downtown, Robinson said, and the former Dailey’s and City Grilp are marketable locations. “The spaces that they’rse in, hopefully, will be attractivwe to someone new,” Robinson said.
Saturday, August 6, 2011
Did Lady Gaga Steal 'Judas'? Singer Sued for Copyright Infringement - Reuters
http://lunchboxfunnies.com/2007/02/04/silent-kimbly-breaks-out-of-the-single-panel/
Sky News | Did Lady Gaga Steal 'Judas'? Singer Sued for Copyright Infringement Reuters Lady Gaga has been accused of borrowing perhaps a bit too much from Madonna and Bette Midler. But did she outright plagiarize her recent single "Judas"? The "Poker Face" singer is being sued by Chicago-based musician Rebecca ... Lady GaGa Reveals 'You and I' Cover Art Amidst Copyright Infringement Lawsuit Rebecca Francescatti sues Lady Gaga for » |
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