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“Trade is a major force for for growth andfor jobs,” Davis “The threats are from both economic turmoil and the protectionisrt impulses it drives. We must argue that protectionismj is the worst response at theworst time. We can’tf let political expediency cloudglobal reality.” He calledd on countries to improve their response to workers displaced by global trade. “We are going to have to pay more attentiobn tothose displaced,” Davis said.
“Ij see a very encouraging step in that directionn with the return of the expired Trade Adjustmengt Assistance Act as part of the stimulus With this we can reposition the American workforces and give our workers the skills to stay in thegloba game.”
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Commercial real estate news- View Real estate news Across the US
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American Century Investments | | | | | Applebee
American Century Investments | | | | | Applebee
Saturday, October 27, 2012
All American sells almost all assets - South Florida Business Journal:
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million. The Miami-based distributor of semiconductors and other electronif components said the successful bid was froma two-party consortiuk of Rock River Capital LLC and All American'w (Pink Sheets: SEMI) own , for whicb Harris N.A. acts as agent. The deal remaines subject to bankruptcy court All American said it expects Rock River to continued to operateAll American'zs assets as a going concern. Rock Rivere did not purchase the company's commercial tort claims, avoidancew actions, accounts receivable and certain othetmiscellaneous assets.
Subject to bankruptcy court the company's senior secured lenders were the successfup bidders forthe company's accounts None of All American's commerciak tort claims or avoidance actionx sold. The $15.2 million is to go to Harris N.A. as agent for the senior securedx lenders. The auction included assets ofAll American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. The bankruptc court is scheduled to consider sale approvaoon Tuesday. Sale closing is set for no later than OnApril 25, All American files voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at 28 No 52-week high/low information was available.
million. The Miami-based distributor of semiconductors and other electronif components said the successful bid was froma two-party consortiuk of Rock River Capital LLC and All American'w (Pink Sheets: SEMI) own , for whicb Harris N.A. acts as agent. The deal remaines subject to bankruptcy court All American said it expects Rock River to continued to operateAll American'zs assets as a going concern. Rock Rivere did not purchase the company's commercial tort claims, avoidancew actions, accounts receivable and certain othetmiscellaneous assets.
Subject to bankruptcy court the company's senior secured lenders were the successfup bidders forthe company's accounts None of All American's commerciak tort claims or avoidance actionx sold. The $15.2 million is to go to Harris N.A. as agent for the senior securedx lenders. The auction included assets ofAll American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. The bankruptc court is scheduled to consider sale approvaoon Tuesday. Sale closing is set for no later than OnApril 25, All American files voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at 28 No 52-week high/low information was available.
Friday, October 26, 2012
Survey: CEOs still foresee negative conditions - Dayton Business Journal:
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“This quarter’s results reflect a continuing weak set of economic conditions,” said Ivan Seidenberg, chairmamn of Business Roundtable and chairman and CEO of “Conditions while still negative – appear to have begunm to stabilize.” The D.C.-based association of CEOs represent a combineed workforce of nearly 10 million employeexs and more than $5 trilliobn in annual sales. When askex how they anticipate their sales to fluctuate in the next six 34 percent said they will increase whild 46 percent predicteda decrease. That is a sunniet forecast over the first quarter outlook when just 24 percent predicted an increase in In terms of howtheirf U.S.
capital spending will change over that 12 percent foresee itgoing up, whilwe 51 percent see it decreasing. Few (6 expect their U.S. employment to increase in the nextsix months, whiler 49 percent anticipate theit employee base to contract in That shows an improvement from the firstr quarter outlook survey, when 71 percent predictedr a drop in employment. In termse of the overall U.S. economy, member CEOs estimatse real GDP will dropby 2.1 percenf in 2009, down from the estimate of a 1.9 percentr decline in the first quarter of 2009. The outloolk index -- which combines member CEO projectionafor sales, capital spending and employmentt in the six months ahead -- expanded to 18.
5 in the secone quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lower is consistentr with overall economic contraction and a reading of 50 or higher is consistentwith expansion.
“This quarter’s results reflect a continuing weak set of economic conditions,” said Ivan Seidenberg, chairmamn of Business Roundtable and chairman and CEO of “Conditions while still negative – appear to have begunm to stabilize.” The D.C.-based association of CEOs represent a combineed workforce of nearly 10 million employeexs and more than $5 trilliobn in annual sales. When askex how they anticipate their sales to fluctuate in the next six 34 percent said they will increase whild 46 percent predicteda decrease. That is a sunniet forecast over the first quarter outlook when just 24 percent predicted an increase in In terms of howtheirf U.S.
capital spending will change over that 12 percent foresee itgoing up, whilwe 51 percent see it decreasing. Few (6 expect their U.S. employment to increase in the nextsix months, whiler 49 percent anticipate theit employee base to contract in That shows an improvement from the firstr quarter outlook survey, when 71 percent predictedr a drop in employment. In termse of the overall U.S. economy, member CEOs estimatse real GDP will dropby 2.1 percenf in 2009, down from the estimate of a 1.9 percentr decline in the first quarter of 2009. The outloolk index -- which combines member CEO projectionafor sales, capital spending and employmentt in the six months ahead -- expanded to 18.
5 in the secone quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lower is consistentr with overall economic contraction and a reading of 50 or higher is consistentwith expansion.
Wednesday, October 24, 2012
Key goal for Cubs: Controlling strike zone - Chicago Tribune
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ESPN | Key goal for Cubs: Controlling strike zone Chicago Tribune Theo Epstein's first anniversary as Cubs president finds him with a few more gray hairs than he had in Boston, a follicle factoid his wife frequently teases him about. But as the Cubs begin Year Two of the rebuild, Epstein said he's "energized" and ... Theo unfiltered on Cubs' on-base woes (UPDATED) |
Tuesday, October 23, 2012
Monday, October 22, 2012
Blue Equity combines sports, entertainment properties into new company - Business First of Louisville:
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The branding of the company came after an exhaustivre review by an outside branding firm and involved input from every one of the nearlhy 100 employeesof BEST, accordinv to Jonathan Blue, chairman and managinb director of Blue Equity. "We have done so much so Blue said. "We need our own identitu now." Blue Equity launched a sportes and entertainment division in 2006 by acquirint the business of basketball agenBill Strickland.
The companyh since has made eightadditional acquisitions, includinb sports events company Team Championship FX Sports' former tennis, media, events and televisionm divisions and the businesses of Joel a top NFL player agent, and Kennethg Crear, manager to musical artistws including Janet Jackson. Blue acknowledged that many in the sports industrhy have called the growing company and its divisions by different names durint the past year anda half, and he said he has wanted to name and brand the compangy for a while. But, he said, "We wanted to make sure that we had the righ t people with the rightcritical mass, and once we had that we couls announce our new identity.
" BEST has grown into one of the largesft athlete representation firms in sports, with a client list approaching 200. With Team Championshilp International, which owns participatory sportinv events HoopIt Up, Let it Fly, and Kick It, as well as the events SFX owned, operated or held the rightx for, such as the Legg Mason tennis the Boston Marathon and the French BEST is involved in hundreds of sporting events. All of this provides one-sto shopping, Blue said, for corporations that want to reach consumersthrough sports. "If they don'rt want an athlete, maybe they want a media he said.
"If they don't want a mediq property, maybe they want an The name Blue Entertainment Sports Televisioj includes all the lines of business ofthe company. "it's a nice acronym," Blue said. Donald Dell, who came over as part of the SFX acquisitionh and has beenrunning tennis, media and eventa for Blue Equity, was part of the internal groupl working on the launch of BEST. "W have been looking at names and logos for nine Dell said. It is a dauntinb process "to find a fresh name that isn't used or originater or protected someplace in the Blue also hiredNew York-basexd SME Branding, which has worked with the LPGA, the U.S.
Olympic the NHL, Adidas and numerous to help identifya brand.
The branding of the company came after an exhaustivre review by an outside branding firm and involved input from every one of the nearlhy 100 employeesof BEST, accordinv to Jonathan Blue, chairman and managinb director of Blue Equity. "We have done so much so Blue said. "We need our own identitu now." Blue Equity launched a sportes and entertainment division in 2006 by acquirint the business of basketball agenBill Strickland.
The companyh since has made eightadditional acquisitions, includinb sports events company Team Championship FX Sports' former tennis, media, events and televisionm divisions and the businesses of Joel a top NFL player agent, and Kennethg Crear, manager to musical artistws including Janet Jackson. Blue acknowledged that many in the sports industrhy have called the growing company and its divisions by different names durint the past year anda half, and he said he has wanted to name and brand the compangy for a while. But, he said, "We wanted to make sure that we had the righ t people with the rightcritical mass, and once we had that we couls announce our new identity.
" BEST has grown into one of the largesft athlete representation firms in sports, with a client list approaching 200. With Team Championshilp International, which owns participatory sportinv events HoopIt Up, Let it Fly, and Kick It, as well as the events SFX owned, operated or held the rightx for, such as the Legg Mason tennis the Boston Marathon and the French BEST is involved in hundreds of sporting events. All of this provides one-sto shopping, Blue said, for corporations that want to reach consumersthrough sports. "If they don'rt want an athlete, maybe they want a media he said.
"If they don't want a mediq property, maybe they want an The name Blue Entertainment Sports Televisioj includes all the lines of business ofthe company. "it's a nice acronym," Blue said. Donald Dell, who came over as part of the SFX acquisitionh and has beenrunning tennis, media and eventa for Blue Equity, was part of the internal groupl working on the launch of BEST. "W have been looking at names and logos for nine Dell said. It is a dauntinb process "to find a fresh name that isn't used or originater or protected someplace in the Blue also hiredNew York-basexd SME Branding, which has worked with the LPGA, the U.S.
Olympic the NHL, Adidas and numerous to help identifya brand.
Saturday, October 20, 2012
Wrong combinations of medications and supplements can create unwanted ... - ReporterHerald.com
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Wrong combinations of medications and supplements can create unwanted ... ReporterHerald.com The chances of these non-prescriptions drugs interacting with prescribed medication increase with each added medication. In addition, older people often use several pharmacies, canceling the ability of their pharmacist to monitor drugs that may ... |
Friday, October 19, 2012
Theater owners slam proposed movie-tax hike - The Business Review (Albany):
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A news release issued Tuesday urgesx “families and other movie fans” to voice theier opposition to a bill under consideration in the Nortyh Carolina Senate that would hike the sales tax on moviea to7 percent, from 1 percent. “Going to the movies is one of the last affordablwe forms of recreation formany families,” said Marie McClaflin of NC/SC NATO. “This tax will increase the pricee ofthe movie-going experience for families, and coul put it out of reach financiallgy for some families.
” The theater-ownerw group also warns that the higher taxeds would hit independent theaters especially hard, possibly causinb some to turn off their film projectord for good – as the Varsity in Chapel Hill did recently. NC/SC NATO asserts that the tax coulfd result in revenue declines of as high as 30 percentr atsome theaters, which already operate on thin margins. “Manu of our theatre members are struggling to provide valuewto economically-challenged patrons,” McClaflin said. “By addinvg additional costs to tickets, more families will be forced to stay at home instead of enjoying a movie and snack ina theatre.
The result could be more theatres closinvgtheir doors.” The theater owners’ group also arguews that a drop in their business would hurt otherd small businesses located near cinemas, which benefit from increased foot traffix of people going to the movies. In the group says, the tax increass could actually reduce North Carolina tax collections becausse it could produce a dropoff inconcessionm sales.
A news release issued Tuesday urgesx “families and other movie fans” to voice theier opposition to a bill under consideration in the Nortyh Carolina Senate that would hike the sales tax on moviea to7 percent, from 1 percent. “Going to the movies is one of the last affordablwe forms of recreation formany families,” said Marie McClaflin of NC/SC NATO. “This tax will increase the pricee ofthe movie-going experience for families, and coul put it out of reach financiallgy for some families.
” The theater-ownerw group also warns that the higher taxeds would hit independent theaters especially hard, possibly causinb some to turn off their film projectord for good – as the Varsity in Chapel Hill did recently. NC/SC NATO asserts that the tax coulfd result in revenue declines of as high as 30 percentr atsome theaters, which already operate on thin margins. “Manu of our theatre members are struggling to provide valuewto economically-challenged patrons,” McClaflin said. “By addinvg additional costs to tickets, more families will be forced to stay at home instead of enjoying a movie and snack ina theatre.
The result could be more theatres closinvgtheir doors.” The theater owners’ group also arguews that a drop in their business would hurt otherd small businesses located near cinemas, which benefit from increased foot traffix of people going to the movies. In the group says, the tax increass could actually reduce North Carolina tax collections becausse it could produce a dropoff inconcessionm sales.
Wednesday, October 17, 2012
Restaurant distributor COI files Ch. 11 - Nashville Business Journal:
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a Nashville-based foodservice distributor with nearlha half-billion dollars in revenue and customersz such as Shoney's, Ryan's, Applebee's and , has filede for Chapter 11 bankruptcy. Citinbg rising fuel prices and the loss of one of itsbiggestg customers, COI has debts in the $50 to $100 millioh range, including a $2.3 million debt to Ryder Transa Services in La Vergne. Over the last several the company, which has 700 employees and has distributiobn centersin Nashville, Tifton, Ga., and Ripley, W. Va., has startef to reduce the number of restaurantsd it serves tocut costs, according to the filing. Compant officials declined to comment on the CommissaryOperations Inc.
does business as and also manufactures food productds through a second Nashville divisioncalled Chairman's Choicse Foods. According to the bankruptcy filing, COI lost a customedr in March 2007 whose businese had generated 18 percent ofthe company'sz revenues. The company had revenues of $470 millionn in 2007, according to Business Journal research. In late 2007, COI obtainedf a large new account that more than replacex the volume oflost sales, the company had to invest substantial capitak in early 2008 to service the new according to the filing.
Also this year, the company lost severaol million dollars when its customer closed after filing Chapter 7 Bankruptcy Attorney Susan Limor says theres is a ripple effect in the bankruptcy courts when one companyg is dependenton another. "If one customer is a larges portion ofa company's business they become economicallu intertwined with them," Limor says. "The more diverse your custome pool is, the betterf off you are.
" Amy Vinson, a restaurant analyst with Avondales Partners, says food, freight and gas costs are up in the industryh and there is little profit Vinson says regionaldistributors don't have a large enougyh customer base to dilute the particular impactr any one customer can have. "That's wherwe they can get into trouble," Vinsojn says. COI say it was further hurt by risinggas prices. "Th e rise in fuel prices has been very detrimentalo tothe (COI's) profitability," accordint to the filing. The company is asking the court for controlk of its bank accounts to continuwebusiness operations.
a Nashville-based foodservice distributor with nearlha half-billion dollars in revenue and customersz such as Shoney's, Ryan's, Applebee's and , has filede for Chapter 11 bankruptcy. Citinbg rising fuel prices and the loss of one of itsbiggestg customers, COI has debts in the $50 to $100 millioh range, including a $2.3 million debt to Ryder Transa Services in La Vergne. Over the last several the company, which has 700 employees and has distributiobn centersin Nashville, Tifton, Ga., and Ripley, W. Va., has startef to reduce the number of restaurantsd it serves tocut costs, according to the filing. Compant officials declined to comment on the CommissaryOperations Inc.
does business as and also manufactures food productds through a second Nashville divisioncalled Chairman's Choicse Foods. According to the bankruptcy filing, COI lost a customedr in March 2007 whose businese had generated 18 percent ofthe company'sz revenues. The company had revenues of $470 millionn in 2007, according to Business Journal research. In late 2007, COI obtainedf a large new account that more than replacex the volume oflost sales, the company had to invest substantial capitak in early 2008 to service the new according to the filing.
Also this year, the company lost severaol million dollars when its customer closed after filing Chapter 7 Bankruptcy Attorney Susan Limor says theres is a ripple effect in the bankruptcy courts when one companyg is dependenton another. "If one customer is a larges portion ofa company's business they become economicallu intertwined with them," Limor says. "The more diverse your custome pool is, the betterf off you are.
" Amy Vinson, a restaurant analyst with Avondales Partners, says food, freight and gas costs are up in the industryh and there is little profit Vinson says regionaldistributors don't have a large enougyh customer base to dilute the particular impactr any one customer can have. "That's wherwe they can get into trouble," Vinsojn says. COI say it was further hurt by risinggas prices. "Th e rise in fuel prices has been very detrimentalo tothe (COI's) profitability," accordint to the filing. The company is asking the court for controlk of its bank accounts to continuwebusiness operations.
Tuesday, October 16, 2012
Thieves grab Picasso, Monets from Dutch museum in early-hours heist - Washington Post
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ArtLyst | Thieves grab Picasso, Monets from Dutch museum in early-hours heist Washington Post AMSTERDAM â€" Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potenti » |
Monday, October 15, 2012
Eddie Bauer declares bankruptcy - Pacific Business News (Honolulu):
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Eddie Bauer had strugglecd with itsdebt — a crisis that worsened as revenus dropped, part of an overall trendf affecting most retailers during the recession. The company has lost nearlyh a half billion dollars in the pastthree years. Those losses, coupled with the impacrt of the recession and debt payments apparentlhy pushed the company into bankruptcy court a move that was rumorecdfor months. Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptc courtthis recession. The list also includes Linensa ‘n Things, Circuit City and Northwest retailedr Joe’s Sports & Outdoor, which sold its assetse to a liquidator in April and closedf31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileras are facing during this prolonged and deep saidGreg Charleston, an Atlanta-basedc consultant for Conway MacKenzie who works with financially stressedf retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-off in retailo revenue across the board, Charleston Many of the specialty retail department stores have seen double-digir same-store sales declines, he said. “Whe revenue drops and same-store sales drop, companies with less debt can weather a downturnmuch longer,” Charleston said.
“It becomes an issue much soonerf if you are intoliquiditgy issues.” As of May 11, Eddie Baue reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioj in convertible notes, which company executives have been trying to persuade debt-holders to convert into sharesd of the company. According to a filing with the Securitiesa andExchange Commission, Eddie Bauer had totao assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported losses of $165.5 million in fiscal year 2008, part of a total of $478.77 million in losses during the past thre e fiscal years.
In the first quartefr that endedin April, the companyg reported net losses of 44.5 For the first quarter of fiscal year 2009, which endefd April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quarterf of 2008, when the company reported a $19.34 million loss. Sales for the first quarter of 2009were $179.78 million, compared with net saleds of $213.2 million in the firsrt quarter of 2008. The company said that combined comparable store sales a barometer of succes s at the storelevel — fell 11.3 percenr for the first quarter, a decline the company blames on the recession and reduced retaill spending.
Sales were down nearly 15 percentf inEddie Bauer’s retail storees and sales through its direct channel were down nearly 11 The outlet stores saw sale s declined by nearly 76 “The first quarter was a difficult one, as the sharp downturn in the economuy took its toll on our sales. We continue to focus on cost cutting and cashflow management, which helpex mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filedc with the SEC. It’s unclear what impact bankruptcy mighyt have onEddie Bauer’sz 370 stores, including 251 retail stores and 119 outlet stores in the Unitede States and Canada.
Eddie Bauer has 17 storess in Washington and 11 storesin (See a copy of the bankruptcy filing .) But by filing for reorganization under Chaptedr 11 of the federalo bankruptcy code, Eddie Bauer hopes to avoidc the fate of Joe’s Sports & which filed for bankruptcy protect March 4. The Wilsonvill-based compan had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’s stores aftefr the company could not find a buyer. Joe’s had 31 Northwest stores thatheld going-out-of-business sales after the company’s assets were snapped up at bargai basement prices by , a liquidator that also sold off merchandisde for Circuit City.
Eddie Bauer had strugglecd with itsdebt — a crisis that worsened as revenus dropped, part of an overall trendf affecting most retailers during the recession. The company has lost nearlyh a half billion dollars in the pastthree years. Those losses, coupled with the impacrt of the recession and debt payments apparentlhy pushed the company into bankruptcy court a move that was rumorecdfor months. Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptc courtthis recession. The list also includes Linensa ‘n Things, Circuit City and Northwest retailedr Joe’s Sports & Outdoor, which sold its assetse to a liquidator in April and closedf31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileras are facing during this prolonged and deep saidGreg Charleston, an Atlanta-basedc consultant for Conway MacKenzie who works with financially stressedf retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-off in retailo revenue across the board, Charleston Many of the specialty retail department stores have seen double-digir same-store sales declines, he said. “Whe revenue drops and same-store sales drop, companies with less debt can weather a downturnmuch longer,” Charleston said.
“It becomes an issue much soonerf if you are intoliquiditgy issues.” As of May 11, Eddie Baue reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioj in convertible notes, which company executives have been trying to persuade debt-holders to convert into sharesd of the company. According to a filing with the Securitiesa andExchange Commission, Eddie Bauer had totao assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported losses of $165.5 million in fiscal year 2008, part of a total of $478.77 million in losses during the past thre e fiscal years.
In the first quartefr that endedin April, the companyg reported net losses of 44.5 For the first quarter of fiscal year 2009, which endefd April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quarterf of 2008, when the company reported a $19.34 million loss. Sales for the first quarter of 2009were $179.78 million, compared with net saleds of $213.2 million in the firsrt quarter of 2008. The company said that combined comparable store sales a barometer of succes s at the storelevel — fell 11.3 percenr for the first quarter, a decline the company blames on the recession and reduced retaill spending.
Sales were down nearly 15 percentf inEddie Bauer’s retail storees and sales through its direct channel were down nearly 11 The outlet stores saw sale s declined by nearly 76 “The first quarter was a difficult one, as the sharp downturn in the economuy took its toll on our sales. We continue to focus on cost cutting and cashflow management, which helpex mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filedc with the SEC. It’s unclear what impact bankruptcy mighyt have onEddie Bauer’sz 370 stores, including 251 retail stores and 119 outlet stores in the Unitede States and Canada.
Eddie Bauer has 17 storess in Washington and 11 storesin (See a copy of the bankruptcy filing .) But by filing for reorganization under Chaptedr 11 of the federalo bankruptcy code, Eddie Bauer hopes to avoidc the fate of Joe’s Sports & which filed for bankruptcy protect March 4. The Wilsonvill-based compan had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’s stores aftefr the company could not find a buyer. Joe’s had 31 Northwest stores thatheld going-out-of-business sales after the company’s assets were snapped up at bargai basement prices by , a liquidator that also sold off merchandisde for Circuit City.
Saturday, October 13, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Business First of Columbus:
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Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariewsof $40,000. Kokam President Don Nissanka has said he hoped to break ground before the end of the probably at a site of more than 40 acresd in the vicinityof Kokam’s current 50,000-square-foot Lee’s Summit plant. Nissankza was out of the country Monda yand couldn’t be reached for comment. a startup founded in Octobe 2005, burst into the limelight this picked Kansas City for an assembly facility largely becauseof Kokam’z proximity.
And with federal stimulus dollarx and state moneyseeking advanced-battery-makers, a joint ventured involving Kokam landed a commitment in Apri l of nearly $145 million in incentivess from Michigan to build a batteryu plant there that’s similar to the one planned The group also applied for federal stimulusw money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdayt proposing that financing be cutby $11.5 millio n combined for Kokam’s Lee’s Summit plant and another battery planrt in Joplin to help preserve $31.2 million in financinyg for the in Columbia, which Schaefer calles the cornerstone of a $200 million hospita l project.
“Every indication that I’mn getting is that (Nixon) intends to veto the money forthe hospital,” Schaeferf said, adding that Nixon’s veto probably would kill the entire $200 million project. “Spending publif funds on a cancerr hospital owned by the citizens of Missour is always going to win out over givinh public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amountt wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holst e said the governor will have an announcement about the budgert bill before June 30, the end of Missouri’e fiscal year.
Nixon and his staff have been reviewing the budgetbill “line by line to determine what the state can Holste said, and they want to keep central service s in place. Jim CEO of the l, said he thought Schaefer’s proposalo was “not as a threat as the EDC first “but you never know in politics.” The EDC issuedc a release Friday encouraging Nixoj to keep theKokam plant’ds financing fully in place.
Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariewsof $40,000. Kokam President Don Nissanka has said he hoped to break ground before the end of the probably at a site of more than 40 acresd in the vicinityof Kokam’s current 50,000-square-foot Lee’s Summit plant. Nissankza was out of the country Monda yand couldn’t be reached for comment. a startup founded in Octobe 2005, burst into the limelight this picked Kansas City for an assembly facility largely becauseof Kokam’z proximity.
And with federal stimulus dollarx and state moneyseeking advanced-battery-makers, a joint ventured involving Kokam landed a commitment in Apri l of nearly $145 million in incentivess from Michigan to build a batteryu plant there that’s similar to the one planned The group also applied for federal stimulusw money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdayt proposing that financing be cutby $11.5 millio n combined for Kokam’s Lee’s Summit plant and another battery planrt in Joplin to help preserve $31.2 million in financinyg for the in Columbia, which Schaefer calles the cornerstone of a $200 million hospita l project.
“Every indication that I’mn getting is that (Nixon) intends to veto the money forthe hospital,” Schaeferf said, adding that Nixon’s veto probably would kill the entire $200 million project. “Spending publif funds on a cancerr hospital owned by the citizens of Missour is always going to win out over givinh public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amountt wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holst e said the governor will have an announcement about the budgert bill before June 30, the end of Missouri’e fiscal year.
Nixon and his staff have been reviewing the budgetbill “line by line to determine what the state can Holste said, and they want to keep central service s in place. Jim CEO of the l, said he thought Schaefer’s proposalo was “not as a threat as the EDC first “but you never know in politics.” The EDC issuedc a release Friday encouraging Nixoj to keep theKokam plant’ds financing fully in place.
Friday, October 12, 2012
Fred Weber wins $4M Mississippi River Bridge contract - St. Louis Business Journal:
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awarded Fred Weber a $4.44 million contract Wednesday to removew and replace the Madison Streeytand St. Louis Avenure bridges over Interstate 70 indowntown St. Louis. The majority of work on this project will startt afterHighway 40/Interstate 64 reopens between Kingshighwauy and Interstate 170. Crews will remove the St. Louis Avenus bridge first and then remove and replac the MadisonStreet bridge. Durinv work to remove the MadisonStreett bridge, crews will also remove the Cass Avenue bridgd in preparation for replacing that bridge later in 2010. This work is part of preliminary work on a new Mississippi river which is expected to reduce congestioj on the PoplarStreet Bridge.
Marylaned Heights, Mo.-based Fred Webedr is one of the largesy privately held companiesin St. Louis with $353.3w million in revenue in 2008. The commercial constructionh firm is also working onthe $245 milliomn reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins statw park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwag 40/Interstate 64.
awarded Fred Weber a $4.44 million contract Wednesday to removew and replace the Madison Streeytand St. Louis Avenure bridges over Interstate 70 indowntown St. Louis. The majority of work on this project will startt afterHighway 40/Interstate 64 reopens between Kingshighwauy and Interstate 170. Crews will remove the St. Louis Avenus bridge first and then remove and replac the MadisonStreet bridge. Durinv work to remove the MadisonStreett bridge, crews will also remove the Cass Avenue bridgd in preparation for replacing that bridge later in 2010. This work is part of preliminary work on a new Mississippi river which is expected to reduce congestioj on the PoplarStreet Bridge.
Marylaned Heights, Mo.-based Fred Webedr is one of the largesy privately held companiesin St. Louis with $353.3w million in revenue in 2008. The commercial constructionh firm is also working onthe $245 milliomn reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins statw park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwag 40/Interstate 64.
Wednesday, October 10, 2012
Final Glance: Leisure companies - CBS News
ejoxot.wordpress.com
Final Glance: Leisure companies CBS News NEW YORK â€" Shares of some top leisure companies were down at the close of trading: Carnival fell $.25 or .7 percent, to $36.63. Las Vegas Sands Corp. fell $.62 or 1.4 percent, to $43.09. MGM Resorts International fell $.28 or 2.7 percent, to $10.17. |
Tuesday, October 9, 2012
Presumption of Innocence Cardinal - AllAfrica.com
uraa-quartely.blogspot.com
Presumption of Innocence Cardinal AllAfrica.com ALL accused persons, regardless of their station in life, ought to be presumed innocent until unimpeachable evidence is adduced against them to prove their guilt. This cardinal principle is enshrined in the Republican Constitution which overrides all ... |
Monday, October 8, 2012
ArcelorMittal plant in Liege threatened with closure - Reuters
lehoquvuhu.wordpress.com
ArcelorMittal plant in Liege threatened with closure Reuters The company said that the temporary stoppage of the liquid phase cost more than 5 million euros per month and that ArcelorMittal Liege had made an operating loss of 427 million euros over the past four quarters. ($1 = 0.7606 euros) (Reporting By Philip ... |
Saturday, October 6, 2012
House Speaker Boehner boosts Collins in WNY visit - Buffalo News
zuloraxelewo.blogspot.com
Politico | House Speaker Boehner boosts Collins in WNY visit Buffalo News The economy won't improve unless candidates with private-sector experience like Chris Collins and Mitt Romney win election next month, House Speaker John A. Boehner said Saturday at a Republican r » |
Friday, October 5, 2012
FCC database leaves out key swing state ads - Politico (blog)
xszeyluje.blogspot.com
FCC database leaves out key swing state ads Politico (blog) 10/4/12 4:45 PM EDT. The Federal Communications Commission launched its online database of political ads this year, but in a handful of key swing states the site doesn't provide any data at all. The Sunlight Foundation has more on what states are ... |
Thursday, October 4, 2012
A different kind of health test - South Florida Business Journal:
cicugaha.wordpress.com
The president of Mich.-based Weyco told a South Floridw audience how he tests his staff for tobaccl use with the promise that repeat violators wouldsbe fired. He required employees and spouses to getannualo physicals, eye and dental exams, plus twice-a-yearr physical fitness tests that include running on a Otherwise, they must pay a highed health insurance premium. Employees and spouses are givenb a health report card and on ways to improve their health status or stay To help them meetthese goals, Weyersa put a fitness center in his office, rid the vendinv machines of junk food and only allows food delivererd to the office on Fridays.
Whilee not all companies are so aggressive, businesses nationwide are finding ways to motivate employeese to improve their health to save on claimsa downthe road. "People say, 'Thids guy is a Weyers told the human resources experts attending the Florida HealthCare Coalition's Aug. 15 summit in "But I get along with my employeea great. You need to coacuh employees on health like you do incustomer service, qualityy and safety.
" Weyco, a unit of that handles health claims for self-insured also offers some carrots along with the When employees use preventive services or meet theirt health goals - such as losinfg weight or completing health classes - the company deposits moneuy into their health savings All of this is but Weyers views it as a long-terjm investment in his employees. "I ask employers: 'Hoaw do you look at the lifestyle decisione of employees that effect your bottom line andthe salaries?'" Weyers said. Health costs have continuer to increase faster than inflationand salaries.
This has forcef more companies to drop reduce benefits or shift costs to Some human resources experts believe that these methodss of dealing with cost increasesare counter-productive. The best way to stem the risinb cost ofhealth care, they argue, is to preventt illness. "The model of health care in this countryu is to find a problem andhit it, ratherd than prevention," said Roberf Hays, director of the health administration program at . "The big questiojn is changing lifestyles acrossthe board.
We aren't very good at Susan Pantely, a principal with , a Seattle-based health care consultinbg firm, said employers are paying a largd amount of their claims because of employees withunhealthhy lifestyles. Being overweight or obesd - a condition of 64 percenr and 29 percent of employees and respectively - is a contributodr to increased health risk. Pantelgy said one-third of employees and spousess have metabolicsyndrome (the combination of factors such as a largse waistline, pre-diabetic signs and troubling levelws of triglycerides, cholesterol and blood pressure).
health costs are 48 percent higher for employees with obesity and metabolicf syndrome when compared to other said Pantely, who called them "ticking time bombs." Plus, thesse workers are more likely to miss time and not be she added. The irony is that most health benefits cover the costluy surgeries and drugs that resul t fromthese conditions, but not the much-less-expensive wellness care that coulfd have prevented them, Pantely Adding an obesity management program typically costw 75 cents per member each she said.
Smoking cessation is 45 cent per member, while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugs is 3 centsx a member. Offering gym memberships is also Pantely said. "If we got doctorsw to write a prescription for they would bebetter off," she said. Healthb plans in South Florida are boostingv their wellness offerings and getting In January, Hollywood-based rolled out a program for its 10 largestg employers that included free gym memberships and free access to a health information Web site and online healtbh counselor for employees who get health risk assessments. There were 65,000 Vista members eligible forthese programs.
Ten percent used the Web site and 5.4 percentg used the gym, the company said. By monitoring members who use theses programs, it found they are losing weight and lowering theitblood pressure, said Cathy Aguirre, Vista's VP of account The company is waiting to see the financial resultsx before deciding whether to expand it to other members, she said. For now, the challenge is getting the most at-risk people to
The president of Mich.-based Weyco told a South Floridw audience how he tests his staff for tobaccl use with the promise that repeat violators wouldsbe fired. He required employees and spouses to getannualo physicals, eye and dental exams, plus twice-a-yearr physical fitness tests that include running on a Otherwise, they must pay a highed health insurance premium. Employees and spouses are givenb a health report card and on ways to improve their health status or stay To help them meetthese goals, Weyersa put a fitness center in his office, rid the vendinv machines of junk food and only allows food delivererd to the office on Fridays.
Whilee not all companies are so aggressive, businesses nationwide are finding ways to motivate employeese to improve their health to save on claimsa downthe road. "People say, 'Thids guy is a Weyers told the human resources experts attending the Florida HealthCare Coalition's Aug. 15 summit in "But I get along with my employeea great. You need to coacuh employees on health like you do incustomer service, qualityy and safety.
" Weyco, a unit of that handles health claims for self-insured also offers some carrots along with the When employees use preventive services or meet theirt health goals - such as losinfg weight or completing health classes - the company deposits moneuy into their health savings All of this is but Weyers views it as a long-terjm investment in his employees. "I ask employers: 'Hoaw do you look at the lifestyle decisione of employees that effect your bottom line andthe salaries?'" Weyers said. Health costs have continuer to increase faster than inflationand salaries.
This has forcef more companies to drop reduce benefits or shift costs to Some human resources experts believe that these methodss of dealing with cost increasesare counter-productive. The best way to stem the risinb cost ofhealth care, they argue, is to preventt illness. "The model of health care in this countryu is to find a problem andhit it, ratherd than prevention," said Roberf Hays, director of the health administration program at . "The big questiojn is changing lifestyles acrossthe board.
We aren't very good at Susan Pantely, a principal with , a Seattle-based health care consultinbg firm, said employers are paying a largd amount of their claims because of employees withunhealthhy lifestyles. Being overweight or obesd - a condition of 64 percenr and 29 percent of employees and respectively - is a contributodr to increased health risk. Pantelgy said one-third of employees and spousess have metabolicsyndrome (the combination of factors such as a largse waistline, pre-diabetic signs and troubling levelws of triglycerides, cholesterol and blood pressure).
health costs are 48 percent higher for employees with obesity and metabolicf syndrome when compared to other said Pantely, who called them "ticking time bombs." Plus, thesse workers are more likely to miss time and not be she added. The irony is that most health benefits cover the costluy surgeries and drugs that resul t fromthese conditions, but not the much-less-expensive wellness care that coulfd have prevented them, Pantely Adding an obesity management program typically costw 75 cents per member each she said.
Smoking cessation is 45 cent per member, while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugs is 3 centsx a member. Offering gym memberships is also Pantely said. "If we got doctorsw to write a prescription for they would bebetter off," she said. Healthb plans in South Florida are boostingv their wellness offerings and getting In January, Hollywood-based rolled out a program for its 10 largestg employers that included free gym memberships and free access to a health information Web site and online healtbh counselor for employees who get health risk assessments. There were 65,000 Vista members eligible forthese programs.
Ten percent used the Web site and 5.4 percentg used the gym, the company said. By monitoring members who use theses programs, it found they are losing weight and lowering theitblood pressure, said Cathy Aguirre, Vista's VP of account The company is waiting to see the financial resultsx before deciding whether to expand it to other members, she said. For now, the challenge is getting the most at-risk people to
Tuesday, October 2, 2012
Government only knows how to make health care reform costly - Pittsburgh Business Times:
ycoguqi.wordpress.com
As for being substantive and productive on the publicpolict front, it left much to be The president met with assorted representativeas involved in the health care industry, and the emphasis was on reducinb costs. Obama said: “Whenj it comes to health care spending, we are on an unsustainable course that threatens the financial stabilityof families, businesses and governmentt itself.” The president also mentioned “Rising health care costs are commanding more and more of the moneyt that our companies could be using to innovates and to grow, making it harder for them to competw around the globe.
These costs are leading the small businessesx that are responsible for half ofall private-secto r jobs to drop coverage for theif workers at an alarming rate.” The various health care groups meeting with Obama presented a lettee to the president promisingg “to provide quality, affordable coverage and accessx for every American.” The groupws pledged to “do our part to achieved your administration’s goal of decreasingv by 1.5 percentage points the annual health-carew spending growth rate — saving $2 trilliobn or more.” All of this sounds very nice, but ther e were no details presented as to how the organizations involved wouls accomplish this task.
Nor did the president explaibn how such savings would get translatedx into coveringthe taxpayers’ tab for Obama’s health care plans, which rangr from $1.2 trillion to $1.7 trillionh over a decade. And it must be noted that, as has been the case with previou forays by government intohealth care, the costs always wind up runnintg far ahead — by multiples — of original While the president is good at citing the woes of mounting healtu care costs, he apparently does not understand the reasons. Highere costs basically break intotwo areas. The firsr area features better and expanded medical These are thegood costs. The second area coversw the bad costs.
These are the costsz driven higherby government. That is, taxes, mandatee and regulations inevitably drivrecosts up. And programs and policy initiatives thatpush third-partyt payments higher as a share of health care spending inevitably accelerater the rise in health care costs. The more governmeny gets involved in funding health the bigger the tab forthe taxpayers. In turn, the only way government knows how to contro l costs is to impose pricde controls andration care. That, of course, results in less less innovation and lousyhealtu care.
As for being substantive and productive on the publicpolict front, it left much to be The president met with assorted representativeas involved in the health care industry, and the emphasis was on reducinb costs. Obama said: “Whenj it comes to health care spending, we are on an unsustainable course that threatens the financial stabilityof families, businesses and governmentt itself.” The president also mentioned “Rising health care costs are commanding more and more of the moneyt that our companies could be using to innovates and to grow, making it harder for them to competw around the globe.
These costs are leading the small businessesx that are responsible for half ofall private-secto r jobs to drop coverage for theif workers at an alarming rate.” The various health care groups meeting with Obama presented a lettee to the president promisingg “to provide quality, affordable coverage and accessx for every American.” The groupws pledged to “do our part to achieved your administration’s goal of decreasingv by 1.5 percentage points the annual health-carew spending growth rate — saving $2 trilliobn or more.” All of this sounds very nice, but ther e were no details presented as to how the organizations involved wouls accomplish this task.
Nor did the president explaibn how such savings would get translatedx into coveringthe taxpayers’ tab for Obama’s health care plans, which rangr from $1.2 trillion to $1.7 trillionh over a decade. And it must be noted that, as has been the case with previou forays by government intohealth care, the costs always wind up runnintg far ahead — by multiples — of original While the president is good at citing the woes of mounting healtu care costs, he apparently does not understand the reasons. Highere costs basically break intotwo areas. The firsr area features better and expanded medical These are thegood costs. The second area coversw the bad costs.
These are the costsz driven higherby government. That is, taxes, mandatee and regulations inevitably drivrecosts up. And programs and policy initiatives thatpush third-partyt payments higher as a share of health care spending inevitably accelerater the rise in health care costs. The more governmeny gets involved in funding health the bigger the tab forthe taxpayers. In turn, the only way government knows how to contro l costs is to impose pricde controls andration care. That, of course, results in less less innovation and lousyhealtu care.
Monday, October 1, 2012
Chinese company to buy Hummer - Silicon Valley / San Jose Business Journal:
efimtsovavadan.blogspot.com
When GM, which filed for bankruptcy protection Monday, announcedr earlier Tuesday that a buyef had been found forthe off-road vehicle line, the name was not immediatelh disclosed. Tengzhong, a major industrial machinery group, will acquire the rights to theHummetr brand, along with a senior management and operational team. It will also assume existing dealef agreements relatingto HUMMER’s dealership It is contemplated that Tengzhong will, as part of the enter into a long-term contract assemblhy and key component and material supply agreemen with GM. In an earlier statement, GM said it expectx the deal if successful to secure morethan 3,00p US jobs.
The final termws of the deal, scheduled to closde in the third quarter, are subject to final negotiations. The cost of the transactionm wasnot revealed. is acting as exclusive financial advisor and is actint as international legal counsel to Tengzhonh onthis transaction. Citi is acting as financial advisotrto GM.
When GM, which filed for bankruptcy protection Monday, announcedr earlier Tuesday that a buyef had been found forthe off-road vehicle line, the name was not immediatelh disclosed. Tengzhong, a major industrial machinery group, will acquire the rights to theHummetr brand, along with a senior management and operational team. It will also assume existing dealef agreements relatingto HUMMER’s dealership It is contemplated that Tengzhong will, as part of the enter into a long-term contract assemblhy and key component and material supply agreemen with GM. In an earlier statement, GM said it expectx the deal if successful to secure morethan 3,00p US jobs.
The final termws of the deal, scheduled to closde in the third quarter, are subject to final negotiations. The cost of the transactionm wasnot revealed. is acting as exclusive financial advisor and is actint as international legal counsel to Tengzhonh onthis transaction. Citi is acting as financial advisotrto GM.
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