http://www.guolange.com/article/Content-Circles-Offers-New-Connector-to-Xerox-DocuShare.html
The Nashville-based restauranteur (Nasdaq: CHUX) said Monday it has enteredc into an agreement with to take over food and supplyu distributionfor O’Charley’s 116 Ninety Nine locationas and to sell related assetas at its distribution facility in Mass. O’Charley’s said it expects the change to reduce its investmenyin non-restaurant assets and cut ongoing expenses by $200,00o0 to $400,000 annually. Reinhart will purchase all of O’Charley’e assets in Bellingham for estimated cash proceeds ofbetweenn $6 million and $8 The deal is expected to closs in mid-August.
Reinhart will subleaswe and continue to operate the Bellingha facility for aninterim period, expectede to be less than one as it expands its existing distribution facility in New Mass., to take over the operations. O’Charley’zs operates or franchises 371 restaurants undefthree brands: O’Charley’s, Ninety Nine Restaurant, and Stoney Riveer Legendary Steaks. The O’Charley’s concept includes 245 restaurants in 20 states in the Southeastand
Thursday, September 30, 2010
Wednesday, September 29, 2010
2nd Bombardier jet in 4 days has landing gear problem; 5th since 2008 - CanadianBusiness.com
http://cooleworld.com/en/cool-electronic-world/page_58.html
2nd Bombardier jet in 4 days has landing gear problem; 5th since 2008 CanadianBusiness.com GARDEN CITY, NY (AP) - Two planes made by Canadian manufacturer Bombardier have had to make emergency landings in less than a week because ... |
Monday, September 27, 2010
Delphi retirees file suit over pension - Business First of Columbus:
http://maniaccollecting.com/collecting-gratuitous-nba-autographs-on-the-slowly-part-of-mail.html
Delphi has said it was seeking to have the plan transferreed tothe U.S. Pension Benefit Guaranty Corp. The sued Thursdah in U.S. District Court in asking that a judge replacethe plan’zs trustees, who are Delphi executives, and appoint a new administratod “loyal only to us.” The situatio is a “clear conflict of the group charged in a statement, adding, “We have not been kept advised by our plan administratotr of any negotiations over the threatenex termination of our retirement plan. We want our pensio n rights protected to the fullest extent of the The parts maker shut its factory on Georgesvill Road in Columbus last in a reduction that closed21 facilities.
The retirees group is also objectingin U.S. Bankruptcy Court to the pension plan being transferred tothe PBGC. Meanwhile, lenderw to Delphi, which has been operatinbg under Chapter 11 bankruptcy protectionsince 2005, plan to bid for the company’ s assets using loan collateral. If the offer a court filing Thursday said, the lenderws have threatened to liquidatethe company. “Lenderz have assembled a management team to operatethe businesses, conducted negotiations with GM and liner up financing,” the group, which is led by hedgr fund , wrote in the filing. The bid would competde with an effortby LLC, a private equitu investor, to buy the assetsz for $3.
6 billion, which would included $2 billion in financing from General Motors Corp.
Delphi has said it was seeking to have the plan transferreed tothe U.S. Pension Benefit Guaranty Corp. The sued Thursdah in U.S. District Court in asking that a judge replacethe plan’zs trustees, who are Delphi executives, and appoint a new administratod “loyal only to us.” The situatio is a “clear conflict of the group charged in a statement, adding, “We have not been kept advised by our plan administratotr of any negotiations over the threatenex termination of our retirement plan. We want our pensio n rights protected to the fullest extent of the The parts maker shut its factory on Georgesvill Road in Columbus last in a reduction that closed21 facilities.
The retirees group is also objectingin U.S. Bankruptcy Court to the pension plan being transferred tothe PBGC. Meanwhile, lenderw to Delphi, which has been operatinbg under Chapter 11 bankruptcy protectionsince 2005, plan to bid for the company’ s assets using loan collateral. If the offer a court filing Thursday said, the lenderws have threatened to liquidatethe company. “Lenderz have assembled a management team to operatethe businesses, conducted negotiations with GM and liner up financing,” the group, which is led by hedgr fund , wrote in the filing. The bid would competde with an effortby LLC, a private equitu investor, to buy the assetsz for $3.
6 billion, which would included $2 billion in financing from General Motors Corp.
Sunday, September 26, 2010
Sinclair deans request salary freeze - Dayton Business Journal:
http://aquinasonline.com/Questions/biblegod.html
The move will effect five deand and save thecollege $18,000 in salary and benefitds this year, as well as another $200,000 over ten years. The board has sincew said it would comply withthe request. Salar decisions have not yet been made for the rest of theSinclaid workforce. Those decisions are pendinv further clarification on state highee education funding and mandatorytuition freezes, officials Sinclair President Steven Johnson said preservin jobs at Sinclair to serve the rapidly growing studentg enrollment has become an extraordinarilhy high priority.
This latest announcement comes on the heelsx of Johnson and top senior staft at Sinclair Community College choosing to take theire own voluntary pay freezrMay 22. The freeze is expected to save thecollege $45,0000 in the next year and a total of $500,00 0 as the savings add up over the cominv 10-year financial planning cycle. The latest pay freeze of the will bringthe college’s total savings to a totalo of $700,000 in the next 10 recently made a similar move in response to as-of-yet unfinalized state by announcing it will offer buyoutz to 700 employees at the university. The which is expected to release about130 employees, should save the universitu $3 million initially.
Sinclair has 2,377 local full-time employeex and $137 million operating according to Dayton BusinessJournapl research.
The move will effect five deand and save thecollege $18,000 in salary and benefitds this year, as well as another $200,000 over ten years. The board has sincew said it would comply withthe request. Salar decisions have not yet been made for the rest of theSinclaid workforce. Those decisions are pendinv further clarification on state highee education funding and mandatorytuition freezes, officials Sinclair President Steven Johnson said preservin jobs at Sinclair to serve the rapidly growing studentg enrollment has become an extraordinarilhy high priority.
This latest announcement comes on the heelsx of Johnson and top senior staft at Sinclair Community College choosing to take theire own voluntary pay freezrMay 22. The freeze is expected to save thecollege $45,0000 in the next year and a total of $500,00 0 as the savings add up over the cominv 10-year financial planning cycle. The latest pay freeze of the will bringthe college’s total savings to a totalo of $700,000 in the next 10 recently made a similar move in response to as-of-yet unfinalized state by announcing it will offer buyoutz to 700 employees at the university. The which is expected to release about130 employees, should save the universitu $3 million initially.
Sinclair has 2,377 local full-time employeex and $137 million operating according to Dayton BusinessJournapl research.
Friday, September 24, 2010
Legal Sea Foods
http://freegamestop10.com/nameadvpage-advpage.htm
New Green Line ads featurw the same typeof insults, hurledd by cartoon fish, that got two ads banned from subwayss and train stations last summer. The MBTA has approvexd all the lines that will be used thistime around, includint “Kiss my bass,” “Hey chumbug!,” “Darn, you smell like “Is that a worm in your pocket or are you just happ y to see me?” and “If that’s your I’d throw her back.
” The effort will run through Last summer Boston-based ’ ads that used the copy “Bitre me” and another that read, “This conductor has a face like a were banned by the MBTA on the groundes that the ads violated its advertisiny guidelines because they were disparaging and inappropriatw to train conductors. Both ad efforts were createdf by LegalSea Foods’ ad agency DeVito/Verdii in New York.
New Green Line ads featurw the same typeof insults, hurledd by cartoon fish, that got two ads banned from subwayss and train stations last summer. The MBTA has approvexd all the lines that will be used thistime around, includint “Kiss my bass,” “Hey chumbug!,” “Darn, you smell like “Is that a worm in your pocket or are you just happ y to see me?” and “If that’s your I’d throw her back.
” The effort will run through Last summer Boston-based ’ ads that used the copy “Bitre me” and another that read, “This conductor has a face like a were banned by the MBTA on the groundes that the ads violated its advertisiny guidelines because they were disparaging and inappropriatw to train conductors. Both ad efforts were createdf by LegalSea Foods’ ad agency DeVito/Verdii in New York.
Thursday, September 23, 2010
Crescent Resources files Chapter 11 - Nashville Business Journal:
ignatiywulyxura.blogspot.com
The Charlotte-based development firm’s chiet executive, Arthur Fields, has retired and will work with Crescen t in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring officer, has been named CEO. “We have been in activwe discussions with our lenders and othert stakeholders as we work towards an agreement that will brinb our capital structure in line with the current economic Hede says. Crescent has more than 5,0009 creditors, according to its Its assets are estimated at morethan $1 The local projects listed in the Chapter 11 filing includ e Piedmont Row and The Sanctuary at Lake Wylie.
Crescenf says it intends to operate its continuing businesses withouyt any significant interruption during therestructuring process. The companyy says that’s possible because of a recentluyobtained debtor-in-possession financing facility of $110 millionh from a group of its existing lenders. As part of the Chapterd 11 filing, Crescent says it seeks court approval “toi make certain payments and to maintain key agreementwith employees, customers, vendors and partners of continuinv operations to ensure the company can maintaij its commitment to delivering a high levelk of amenities and services.
” Crescent says the filing is necessaryg to reorganize its finances, reduc its debt level and improve its capital “We intend to reach an agreemenrt on our new capital structure and emergde from bankruptcy quickly,” Hede says. The Chapter 11 petitions were filed inthe U.S. Bankruptcuy Court in the Western Districtof Texas, Austihn division. The company has 120 days from the filingg date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorney Eric Taubes of LLP in Austin, Texas, will represeng Crescent in the proceedings. , Ranger Construction Co.
, and are among Crescent’s larges unsecured creditors in Charlotte. In April, the Charlotte Businesws Journal reported that Crescenty had adopted an aggressivs new business strategy driven bya $1.2 billionj term loan that must be paid in full by Septembe 2012 — selling assets at fire-sale prices. In October, Crescent sold 4,500o acres in Berkeley County, S.C., to for $40 In December, the company sold a Florid a apartment projectfor $11.35 million, less than half the $27 millionb it paid for the compled three years earlier. This the firm has closed on the sale ofa 773-acred tract of land in Oconewe County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousin company for $1.6 million. The company — jointlty owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantynerCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chiet executive, Arthur Fields, has retired and will work with Crescen t in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring officer, has been named CEO. “We have been in activwe discussions with our lenders and othert stakeholders as we work towards an agreement that will brinb our capital structure in line with the current economic Hede says. Crescent has more than 5,0009 creditors, according to its Its assets are estimated at morethan $1 The local projects listed in the Chapter 11 filing includ e Piedmont Row and The Sanctuary at Lake Wylie.
Crescenf says it intends to operate its continuing businesses withouyt any significant interruption during therestructuring process. The companyy says that’s possible because of a recentluyobtained debtor-in-possession financing facility of $110 millionh from a group of its existing lenders. As part of the Chapterd 11 filing, Crescent says it seeks court approval “toi make certain payments and to maintain key agreementwith employees, customers, vendors and partners of continuinv operations to ensure the company can maintaij its commitment to delivering a high levelk of amenities and services.
” Crescent says the filing is necessaryg to reorganize its finances, reduc its debt level and improve its capital “We intend to reach an agreemenrt on our new capital structure and emergde from bankruptcy quickly,” Hede says. The Chapter 11 petitions were filed inthe U.S. Bankruptcuy Court in the Western Districtof Texas, Austihn division. The company has 120 days from the filingg date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorney Eric Taubes of LLP in Austin, Texas, will represeng Crescent in the proceedings. , Ranger Construction Co.
, and are among Crescent’s larges unsecured creditors in Charlotte. In April, the Charlotte Businesws Journal reported that Crescenty had adopted an aggressivs new business strategy driven bya $1.2 billionj term loan that must be paid in full by Septembe 2012 — selling assets at fire-sale prices. In October, Crescent sold 4,500o acres in Berkeley County, S.C., to for $40 In December, the company sold a Florid a apartment projectfor $11.35 million, less than half the $27 millionb it paid for the compled three years earlier. This the firm has closed on the sale ofa 773-acred tract of land in Oconewe County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousin company for $1.6 million. The company — jointlty owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantynerCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
Tuesday, September 21, 2010
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Boston Business Journal:
http://www.sheladiaindia.com/air-purification-with-home-air-conditioners
office. The loss of the seven-lawyer group leaves Pittsburgh-basedr Buchanan with only one full-time partnetr in Wilmington and four lawyerstotal there, and givex Saul Ewing the largest Wilmingtonm office of any full-service Philadelphia-based The group includes office head Williak Manning, who serves as outside generall counsel to the University of Delaware and also representsa Verizon Corp. and Dover The litigator was once chief of staftf to formerDelaware Gov. Pete The other two partners are Teresa who led bankruptcy efforts for Buchananin Delaware, and real estatw lawyer Richard Forsten.
The addition s give Saul Ewing 19 lawyerwsin Wilmington, where bankruptcies have taken off durin g the economic downturn. A larged percentage of companies from around the country file for Chapter 11 protection in But because Delaware only hasaboutr 2,000 lawyers and has a strong set of indigenouas law firms, the Wilmington marker has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphias firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blano Rome has 13. Saul Ewing said Manninyg will serveas co-managing partner of the office with current offics managing partner and real estats lawyer Wendie Stabler.
office. The loss of the seven-lawyer group leaves Pittsburgh-basedr Buchanan with only one full-time partnetr in Wilmington and four lawyerstotal there, and givex Saul Ewing the largest Wilmingtonm office of any full-service Philadelphia-based The group includes office head Williak Manning, who serves as outside generall counsel to the University of Delaware and also representsa Verizon Corp. and Dover The litigator was once chief of staftf to formerDelaware Gov. Pete The other two partners are Teresa who led bankruptcy efforts for Buchananin Delaware, and real estatw lawyer Richard Forsten.
The addition s give Saul Ewing 19 lawyerwsin Wilmington, where bankruptcies have taken off durin g the economic downturn. A larged percentage of companies from around the country file for Chapter 11 protection in But because Delaware only hasaboutr 2,000 lawyers and has a strong set of indigenouas law firms, the Wilmington marker has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphias firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blano Rome has 13. Saul Ewing said Manninyg will serveas co-managing partner of the office with current offics managing partner and real estats lawyer Wendie Stabler.
Monday, September 20, 2010
Mergers: Districts ponder joining forces - Phoenix Business Journal:
http://www.vietnamstartupblog.com/?p=802
A third set of talks was triggeredby Gov. David Paterson’ proposed state budget last December. “Iyt would have raised our taxes22 percent,” says Michael McArdle, superintendeng of the Scio Central School District. “It drove us to look at our budget and the issuesa wewere facing.” The budgetary news from Albany subsequentlty took a turn for the but officials from Scio and nearby Wellsville continue to explore their options -- perhapw a merger, more likely a collaboratioh on a smaller scale.
“Everything is open,” says “We’re trying to find the best wayto go, the way to get the best educationalp opportunities for our studentsx and to keep our tax rate manageable.” The Wyoming Central Schoolp District faced a similar problem in 1991. Enrollmenyt was declining, especially at the high schoo level. Elective courses were sparselt attended. Only three students signed up for physicxone year. Voters rejected mergera with Pavilionor “That left the district struggling to come up with a says the current superintendent, Sandra Duckworth. “So we startedd to look at tuitioning.
” Wyoming studentxs now attend their local schoolk througheighth grade, then shift to high schoopl in any of four adjacent Alexander, Attica, Pavilion or Wyoming pays tuition for each a standard rate that is negotiated with its neighborsx every five years. Wyoming also belongs to a consortiumj of six districts seeking ways to cut costs by sharing servicesz suchas transportation, building maintenance, speciao education and curriculum development. Similar arrangements can be found elsewhere in WesternNew York, sometime s involving several districts, sometimes a one-on-one setup such as Scio and Wellsvillew are discussing.
These measures offer the prospect of reducing expensees while retaininglocal control. It’s a combinatio n that appeals to superintendents who are well aware that the mere suggestionm of a merger can triggerintense “What the people of Sherman are tellinv us is that they like the education theid children are receiving,” says Schmidt. “They’re ‘Please keep it the way it
A third set of talks was triggeredby Gov. David Paterson’ proposed state budget last December. “Iyt would have raised our taxes22 percent,” says Michael McArdle, superintendeng of the Scio Central School District. “It drove us to look at our budget and the issuesa wewere facing.” The budgetary news from Albany subsequentlty took a turn for the but officials from Scio and nearby Wellsville continue to explore their options -- perhapw a merger, more likely a collaboratioh on a smaller scale.
“Everything is open,” says “We’re trying to find the best wayto go, the way to get the best educationalp opportunities for our studentsx and to keep our tax rate manageable.” The Wyoming Central Schoolp District faced a similar problem in 1991. Enrollmenyt was declining, especially at the high schoo level. Elective courses were sparselt attended. Only three students signed up for physicxone year. Voters rejected mergera with Pavilionor “That left the district struggling to come up with a says the current superintendent, Sandra Duckworth. “So we startedd to look at tuitioning.
” Wyoming studentxs now attend their local schoolk througheighth grade, then shift to high schoopl in any of four adjacent Alexander, Attica, Pavilion or Wyoming pays tuition for each a standard rate that is negotiated with its neighborsx every five years. Wyoming also belongs to a consortiumj of six districts seeking ways to cut costs by sharing servicesz suchas transportation, building maintenance, speciao education and curriculum development. Similar arrangements can be found elsewhere in WesternNew York, sometime s involving several districts, sometimes a one-on-one setup such as Scio and Wellsvillew are discussing.
These measures offer the prospect of reducing expensees while retaininglocal control. It’s a combinatio n that appeals to superintendents who are well aware that the mere suggestionm of a merger can triggerintense “What the people of Sherman are tellinv us is that they like the education theid children are receiving,” says Schmidt. “They’re ‘Please keep it the way it
Saturday, September 18, 2010
Consumer confidence retreats - South Florida Business Journal:
plesciamipukoa1855.blogspot.com
Nationally, consumer confidence dropped sharplyin June, cutting into three montha of gains that had seen the overall index more than double. The Conferencr Board's Consumer Confidence Index fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence index for June fell three pointss last month to 68, the result of bad economid news including the bankruptcy of General Motors Corp., foreclosuree and a spike in Florida’s unemploymentr rate, according to a new University of Floridza poll.
While Floridians’ perceptions of personal financez compared with a year ago is up three pointsd to 44 from a revised May readingof 41, otheer perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditionws over the next year fell seven pointsto 65, while perceptions of whether it’s a good time to buy big-tickey items fell nine points to 67. Perceptions of U.S. economicv conditions over the next five years remained unchangerdat 80.
"Moving we do not expect Florida consumer confidence to declinw much more over the next couplerof months, barring some unforeseen change here in Floridaz or nationally," Chris McCarty, director of UF’ss Survey Research Center at the Bureau of Economid and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevenn for some sectors of the economy. "Witnh the demise of longstanding financial institutiona such as Lehman Brothers and manufacturing companies like Chryslefrand GM, it is no longer businese as usual," he said. The preliminary index for June was conductede from430 responses.
It is benchmarked to so a value of 100 representss the same level of confidence forthat year.
Nationally, consumer confidence dropped sharplyin June, cutting into three montha of gains that had seen the overall index more than double. The Conferencr Board's Consumer Confidence Index fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence index for June fell three pointss last month to 68, the result of bad economid news including the bankruptcy of General Motors Corp., foreclosuree and a spike in Florida’s unemploymentr rate, according to a new University of Floridza poll.
While Floridians’ perceptions of personal financez compared with a year ago is up three pointsd to 44 from a revised May readingof 41, otheer perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditionws over the next year fell seven pointsto 65, while perceptions of whether it’s a good time to buy big-tickey items fell nine points to 67. Perceptions of U.S. economicv conditions over the next five years remained unchangerdat 80.
"Moving we do not expect Florida consumer confidence to declinw much more over the next couplerof months, barring some unforeseen change here in Floridaz or nationally," Chris McCarty, director of UF’ss Survey Research Center at the Bureau of Economid and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevenn for some sectors of the economy. "Witnh the demise of longstanding financial institutiona such as Lehman Brothers and manufacturing companies like Chryslefrand GM, it is no longer businese as usual," he said. The preliminary index for June was conductede from430 responses.
It is benchmarked to so a value of 100 representss the same level of confidence forthat year.
Friday, September 17, 2010
Honda: Parked cars, future production not related - Birmingham Business Journal:
ermolayxitpev.blogspot.com
The automaker confirmed it has hundreds of newly manufacturef cars parked at several sitesaround Birmingham, but a Hondqa spokesman said the two are not The cars, which are sitting at the former Stockham Valvew and Fittings site in Birmingham and othed sites in the area awaiting delivery to dealerships, representr about three days worth of production, said Edwared Miller, spokesman for Miller said it’s a “small problem” for the car manufacturert and that the locally manufactured Odysseyse and Pilots should all be gone to dealerships by this Inventory is moving in and out of the sites he said.
“The worst months of the car markeyt arebehind us,” he “It reflects the reality of the marketplace righft now.” In the midst of dwindling consume r confidence and tough economic Honda hasn’t been immune to the current In previous months, the manufacturer had announcedc several cutbacks in production at its U.S. plants, workinvg toward an overall reductionof 119,000 in plants in Indiana, Canada and In December, Honda reported salew were down by 35 percent and by 28 percent in January.
The automaker confirmed it has hundreds of newly manufacturef cars parked at several sitesaround Birmingham, but a Hondqa spokesman said the two are not The cars, which are sitting at the former Stockham Valvew and Fittings site in Birmingham and othed sites in the area awaiting delivery to dealerships, representr about three days worth of production, said Edwared Miller, spokesman for Miller said it’s a “small problem” for the car manufacturert and that the locally manufactured Odysseyse and Pilots should all be gone to dealerships by this Inventory is moving in and out of the sites he said.
“The worst months of the car markeyt arebehind us,” he “It reflects the reality of the marketplace righft now.” In the midst of dwindling consume r confidence and tough economic Honda hasn’t been immune to the current In previous months, the manufacturer had announcedc several cutbacks in production at its U.S. plants, workinvg toward an overall reductionof 119,000 in plants in Indiana, Canada and In December, Honda reported salew were down by 35 percent and by 28 percent in January.
Wednesday, September 15, 2010
Smokers Beware! Proposed New York City Smoking Ban Targets Outdoor Facilities - CBS News
uzirukynurylew.blogspot.com
CBS News | Smokers Beware! Proposed New York City Smoking Ban Targets Outdoor Facilities CBS News Smoking is already prohibited in some parks facilities, but not in most open recreational areas. Council members plan to introduce the anti-smoking bill ... |
Tuesday, September 14, 2010
Clinton Portis says team supports Albert Haynesworth - Washington Post (blog)
afyfojahejus.blogspot.com
New York Daily News | Clinton Portis says team supports Albert Haynesworth Washington Post (blog) And he stopped believing in the former regime because "there's only so many times that you can run your head into a w » |
Sunday, September 12, 2010
NTS buys Plainview Apartments - Pacific Business News (Honolulu):
viningocouqyl1601.blogspot.com
Financing for the purchase, whicy was made through an NTS affiliate, , was providecd by the , according to a news release. The purchass price was not disclosed. The previous ownerr was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Counth Property Valuation Administrator and the Kentucky Secretaryg of State. Its assessed valus for tax purposesis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was aboutr 94 percent, the release said. NTS plans to enhances and renovate the property but no detaile were disclosed inthe release.
The apartment complex was developex as part of the Plainviewplannedf community, which includes 800 single-family more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 million squar e feet of office space. NTS began construction and developmen of theplanned Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournreGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also managezs 14 other apartment communities and 31 commerciakl properties with more than 5 million feet of retail and warehouse space inthe Southeast.
Financing for the purchase, whicy was made through an NTS affiliate, , was providecd by the , according to a news release. The purchass price was not disclosed. The previous ownerr was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Counth Property Valuation Administrator and the Kentucky Secretaryg of State. Its assessed valus for tax purposesis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was aboutr 94 percent, the release said. NTS plans to enhances and renovate the property but no detaile were disclosed inthe release.
The apartment complex was developex as part of the Plainviewplannedf community, which includes 800 single-family more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 million squar e feet of office space. NTS began construction and developmen of theplanned Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournreGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also managezs 14 other apartment communities and 31 commerciakl properties with more than 5 million feet of retail and warehouse space inthe Southeast.
Saturday, September 11, 2010
Madoff gets 150 years in prison - Boston Business Journal:
http://itcompanies.com.au/authors/author-1073.html
“I’m not surprised. That’s what he deserved,” said Adelre Fox of Tamarac, who lost thousands of dollarasto Madoff's scheme. The mastermind behind the biggest Ponzi schemein U.S. historyg was sentenced on Monday morning in federal courf in Manhattan to 150 years behind the maximum requested byfederap prosecutors. Madoff's attorney had askef for a far more lenient sentencr of12 years. In sentencing U.S. District Judge Denny Chin called thefraue “staggering” and said that the “breach of trustf was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duration and enormity of the fraud and the degree of the Chin said. Madoff confessed in March to 11 counts including money laundering theftand perjury, among otherf things. His victims reportedly number morethan 1,30 0 and stretch across the globe. Theid losses are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victims who talked about the devastation Madoff’sx fraud had caused to theitr lives and their families.
Many of Madoff’s wealthy clients lived in Soutn Florida and lost their life savings tohis Fox, 86, said she is stilpl furious that the and the federal government didn’g expose Madoff’s fraud earlier. “Thw SEC is just as guilty as Madof and theyfailed us. Nobodty seems to do anything aboug it,” Fox said. She also took issue with the large fees being paid to peoplde such asIrving H. Picard, the trustee who is handling the liquidation ofBernard L. Madoff Investment Securities. “Th trustee Picard is making hisown They’re paying these guys millions of dollars.
It wouldf be better to pay theinvestors directly,” Fox Fox, a widow who once workedc as secretary in New York, said she investesd $50,000 in 1987 because she was relatedf to Madoff’s accountant, Jerry Horowitz. She said she was able to get some mone back from Social Securitypayments she’ed made over the years on “phantom” income from Madoff However, she is worried that her disbursements may eventually be targeteed in clawback efforts by the trusteee in bankruptcy proceedings who has begun sending out letterz demanding the return of profits derived from their Guy Fronstin a Boca Ratomn attorney who has advised Fox, said the governmenty has “been good about refunding taxesa quickly” but there are delays in processing claims to the Securitiezs Investor Protection Corporation.
“Some of the people I know are too busy with theswe other issues to really care that much aboutr whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornok Yoss, said he believes the court had littlw choice but to levy the maximukm sentenceon Madoff. “I don’t think the victimsz should have been victimized again by having him be able to leave prison one said Atlas, whose firm continues to advisre clients about tax returns and possibly future claimx against investment advisors who invested with “I’m wondering if the trustere will be able to locate more than the billion plus that he’sx located, and what is the real loss,” Atlads said.
In addition to his prison term, Madofcf was ordered to forfeiytnearly $170 billion, which represents the proceedsd of, and property involved in certain of his according to a news release from the U.S. Departmen t of Justice. “While today’s sentence is an important the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District of New said in anews release. “Wee are focused on tracing, restraining and liquidatingt assets to maximize recoveries forthe
“I’m not surprised. That’s what he deserved,” said Adelre Fox of Tamarac, who lost thousands of dollarasto Madoff's scheme. The mastermind behind the biggest Ponzi schemein U.S. historyg was sentenced on Monday morning in federal courf in Manhattan to 150 years behind the maximum requested byfederap prosecutors. Madoff's attorney had askef for a far more lenient sentencr of12 years. In sentencing U.S. District Judge Denny Chin called thefraue “staggering” and said that the “breach of trustf was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duration and enormity of the fraud and the degree of the Chin said. Madoff confessed in March to 11 counts including money laundering theftand perjury, among otherf things. His victims reportedly number morethan 1,30 0 and stretch across the globe. Theid losses are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victims who talked about the devastation Madoff’sx fraud had caused to theitr lives and their families.
Many of Madoff’s wealthy clients lived in Soutn Florida and lost their life savings tohis Fox, 86, said she is stilpl furious that the and the federal government didn’g expose Madoff’s fraud earlier. “Thw SEC is just as guilty as Madof and theyfailed us. Nobodty seems to do anything aboug it,” Fox said. She also took issue with the large fees being paid to peoplde such asIrving H. Picard, the trustee who is handling the liquidation ofBernard L. Madoff Investment Securities. “Th trustee Picard is making hisown They’re paying these guys millions of dollars.
It wouldf be better to pay theinvestors directly,” Fox Fox, a widow who once workedc as secretary in New York, said she investesd $50,000 in 1987 because she was relatedf to Madoff’s accountant, Jerry Horowitz. She said she was able to get some mone back from Social Securitypayments she’ed made over the years on “phantom” income from Madoff However, she is worried that her disbursements may eventually be targeteed in clawback efforts by the trusteee in bankruptcy proceedings who has begun sending out letterz demanding the return of profits derived from their Guy Fronstin a Boca Ratomn attorney who has advised Fox, said the governmenty has “been good about refunding taxesa quickly” but there are delays in processing claims to the Securitiezs Investor Protection Corporation.
“Some of the people I know are too busy with theswe other issues to really care that much aboutr whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornok Yoss, said he believes the court had littlw choice but to levy the maximukm sentenceon Madoff. “I don’t think the victimsz should have been victimized again by having him be able to leave prison one said Atlas, whose firm continues to advisre clients about tax returns and possibly future claimx against investment advisors who invested with “I’m wondering if the trustere will be able to locate more than the billion plus that he’sx located, and what is the real loss,” Atlads said.
In addition to his prison term, Madofcf was ordered to forfeiytnearly $170 billion, which represents the proceedsd of, and property involved in certain of his according to a news release from the U.S. Departmen t of Justice. “While today’s sentence is an important the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District of New said in anews release. “Wee are focused on tracing, restraining and liquidatingt assets to maximize recoveries forthe
Thursday, September 9, 2010
Union accuses China of illegal trade tactics in clean-tech sector - Los Angeles Times (blog)
http://directory.adv4you.com/index.php?s=D&c=37
New York Times | Union accuses China of illegal trade tactics in clean-tech sector Los Angeles Times (blog) A major US union came out swinging against China on Thursday, saying in fiery terms that the Asian giant was using illegal trade tactics to strong-arm ... Union urges US action on China clean-energy tactics Brown, Wyden back push for green trade case against China Brown Agrees with Steelworkers: China's Green Tech Subsidies Unfair |
Wednesday, September 8, 2010
Ex-Canuck captain Trevor Linden to open fitness centre - Vancouver Sun
http://www.open-links.org/authors/author-555.html
Ex-Canuck captain Trevor Linden to open fitness centre Vancouver Sun Former NHL star Trevor Linden speaks before turning the sod on his newest development project at 601 ... Trevor Linden puts passion for fitness into Club 16 Captain Canuck Trevor Linden coming to Coquitlam Trevor Linden is getting into the fitness business |
Tuesday, September 7, 2010
Coccas set sights on Wolf Road Econo Lodge - The Business Review (Albany):
http://www.worldbusinesses.org/authors/author-1148.html
The Coccas signed a lease-purchase contract with the for the properthy and want to renovate the discount hotek intoa mid-scale brand that would be more competitiv e on the busy shopping strip. Terms of the deal were not The franchise agreement with Econo Lodge expirexsApril 30. The brothers are negotiating to switch to a Ramadaw brand or run it as an independent hotelcalledr . In the meantime, they are seeking permissiohn from the village of Colonie to expandthe lobby, buil a carport and construct a 40-foogt tower to boost visibility. Built in the the two-story hotel was formerlgy a .
It is set back from Wolf behindthe restaurant, and is difficult to see from the But it’s in the heart of an area with continued commercialp growth, including the $110 millio n renovation of across the street. “Wolf Road seems to be where hotelsd fillup first,” Rocky Coccw said. “The occupancy is higher than the state The investment comes at a time when bookings are down at many hotels as business travelhas “We looked at it as an opportunityg in the down market,” Rocky Cocca said. “We just have to weathefr the stormbecause there’s no financint available.
” The brothers are partners in Cocca’s which has five other locations with 370 rooma in the region.
The Coccas signed a lease-purchase contract with the for the properthy and want to renovate the discount hotek intoa mid-scale brand that would be more competitiv e on the busy shopping strip. Terms of the deal were not The franchise agreement with Econo Lodge expirexsApril 30. The brothers are negotiating to switch to a Ramadaw brand or run it as an independent hotelcalledr . In the meantime, they are seeking permissiohn from the village of Colonie to expandthe lobby, buil a carport and construct a 40-foogt tower to boost visibility. Built in the the two-story hotel was formerlgy a .
It is set back from Wolf behindthe restaurant, and is difficult to see from the But it’s in the heart of an area with continued commercialp growth, including the $110 millio n renovation of across the street. “Wolf Road seems to be where hotelsd fillup first,” Rocky Coccw said. “The occupancy is higher than the state The investment comes at a time when bookings are down at many hotels as business travelhas “We looked at it as an opportunityg in the down market,” Rocky Cocca said. “We just have to weathefr the stormbecause there’s no financint available.
” The brothers are partners in Cocca’s which has five other locations with 370 rooma in the region.
Sunday, September 5, 2010
Pittsburgh Business Times: Pittsburgh Commercial Real Estate Listings - View Commercial Real Estate
http://mapcost.org/Rsac/Obj_rsac.htm
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off_block img { 1px solid #ccc; display: block; left; margin-right: 10px; } #loopnet_featured .off_block .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_newss ul{margin: 0; padding: 0;} #loopnet_news li{list-style: none; line-height: 150%; } #loopnet_sponsor{clear:both; margin:0 0 10px 0; border: 1px solid #ddd;} #loopnet_sponsor dt { #eee; border-bottom: 1px solid #ddd; padding: 2px color: #666; text-align: center; } #loopnet_sponsor dd{padding:12px 0px;text-align:center; /*-- Carryover fixes for new loopnetstyles --*/ .left_coo a img{border:0;} .
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Saturday, September 4, 2010
Constar emerges from bankruptcy - South Florida Business Journal:
http://plasmatelevisions.biz/PLASMA/PLASMA-DISPLAY/
The Philadelphia company said it believed it is now in a stronger financial condition and position for the As part of its Constar has convertedits debtor-in-possession financing into a facilityt that will provide the company with ongoin g funds. It also canceled its old commoh stock, which most recently traded under thesymbo CNSTQ. Holders of the old common stock will not received a distribution of any kind and no further transferxs will be recorded onthe company's In addition, holders of $175 million of Constar’s subordinated notes prior to the compangy filing for bankruptcy protectioj will convert 100 percent of their face amountt into new common stock of the reorganized The common stock is initially expectedd to trade over the counter.
The Philadelphia company said it believed it is now in a stronger financial condition and position for the As part of its Constar has convertedits debtor-in-possession financing into a facilityt that will provide the company with ongoin g funds. It also canceled its old commoh stock, which most recently traded under thesymbo CNSTQ. Holders of the old common stock will not received a distribution of any kind and no further transferxs will be recorded onthe company's In addition, holders of $175 million of Constar’s subordinated notes prior to the compangy filing for bankruptcy protectioj will convert 100 percent of their face amountt into new common stock of the reorganized The common stock is initially expectedd to trade over the counter.
Thursday, September 2, 2010
MEMS tackle HVAC/automatic-transmission markets - EETimes.com
http://www.directgenomics.com/article/New-BIOS-Virus-Withstands-HDD-Wipes-.html
EETimes.com | MEMS tackle HVAC/automatic-transmission markets EETimes.com MEMS startup Microstaq Inc. is pioneering promising new markets, using its micro-valve as a pilot to control the large flows necessary to tackle the ... |
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