xysecurakihir.blogspot.com
• will open a 25,000-square-foot store at 3929 Tampas Road, Oldsmar. It will carry furniture, household items and more than 80,009 pieces of clothing. The store also will feature a drive-througg donation lane. For more informatiohn call (813) 792-6092. • Anthony’s Coal Firef Pizza opened at 2532 McMullenBoothn Road, Clearwater. It is the company’s secondc location in the TampaBay area. The restaurant bakes its pizzasxwith coal-burning ovens. For more informatioj call (727) 797-0929. relocated its office to the ComCenters facility at 9040 TownCenter Parkway, Suites 101, Lakewood Ranch.
The new facility has multiple conference rooms, training rooms, and front desk and telephone support. An open housr is scheduled forJune 24. For more information call (941)
Sunday, September 30, 2012
Saturday, September 29, 2012
Pyle: Speech, free and expensive - Salt Lake Tribune
lebexab.wordpress.com
Pyle: Speech, free and expensive Salt Lake Tribune In his address to the United Nations General Assembly last week, President Obama offered a sound and sober defense of the principle of free speech. Which is ironic, because Obama is now locked in the middle of the most expensive exchange of speech in ... |
Thursday, September 27, 2012
Ballard Closes Unchanged After Rising on Product Sale - Bloomberg
efiosyt.blogspot.com
Ballard Closes Unchanged After Rising on Product Sale Bloomberg Ballard Power Systems Inc. (BLD), a manufacturer of hydrogen fuel cells for buses and backup-power systems, closed unchanged in Toronto after gaining the most in 19 months following an announcement it shipped its fuel generation systems overseas. |
Wednesday, September 26, 2012
Legg Mason's Fetting nets $6.5M in 2009 compensation - Baltimore Business Journal:
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million in total compensation infiscakl 2009, the company said in a filingt Monday with the . Fetting was paid $500,000 in $950,000 in bonuses, $3.4 millionm in stock awards, $1,6 million in stockl options andabout $34,000 in other compensation for a totap of $6.5 million in the year ended Marchn 31, the filing said. His total compensatiomn was about 39 percent more thanthe $4.7 millio Fetting was paid in fiscal year 2008. Fetting’sx 2009 compensation includes stock awards and optionxs vestingin 2009, some of which were awarded in previouws years, said Legg spokeswoman Mary Athridge.
In raisin g Fetting’s compensation, the company’s boardx of directors considered Fetting’s “accomplishments during the year, including his leadershipp during one of the worst financial crises of the last 100 Athridge said inan e-mailed statement. Fettingv was credited with helping the companyraisee $1.15 billion in capital, recruiting new top cutting expenses by $135 millionm and selling off billions in structured investment vehicles, or from the company’s money market funds, Athridgew said. Baltimore-based Legg Mason (NYSE:LM) lost $1.9 billion, or $13.
856 a share, for the year ended Marchh 31, as the company saw investorxs withdraw money from its funds as the stockmarkert slumped. The company took a net loss of $1.4 billiob in disposing of its SIVs andan $863 millionj non-cash impairment charge during the year. In fiscal year Legg Mason earned $267 million, or $1.86 a share. Fetting’z cash bonus was reduced by nearly $1 million comparexd with the year before, but his stock awardes went fromabout $936,000 last year to more than $3.4 millioj in 2009, according to the SEC filing. Making more of Fetting’w pay dependent on the performance ofLegg Mason’ds stock, “aligns his interest with that of Athridge said.
Fetting, who owns or control s 311,411 Legg Mason shares is the company’s third-largest shareholder, after mutual fund companiex Dodge & Cox, which owns 8.7 million shares, or 6.2 percentg of the company, and Invesco Ltd., which owns 7.5 millioh shares, or 5.3 percent of Legg Mason’s Fetting, in his annuapl report to shareholders, which was releasesd Monday, spoke of how difficul t it was to steer an asset manager like Legg Masonj through the shoals of the rockyfinancial markets. “200u8 represented one of the most difficult economicd periods in modern financial history and certainly the wors Ihave witnessed,” he wrote.
Legg Mason’sz filing also lists the total compensation of other top Legg Mason executives includingCharleds J. Daley Jr., chiefd financial officer and treasurer David R. Odenath, senior executive vice president, ($4,432,122), Joseph A. chief administrative officer ($2,055,883), Peter L. Bain, Legg Mason’ s former president ($4,985,138) and Mike Abbaei, former executive vice presideng ($2,680,135). The company will hold its annuaol shareholder meeting in Baltimore onJuly 28. Shareholders will vote on the re-electioj of five directors for three-year terms expiringb in 2012: Robert E. 62, a private investor; Barry W.
65, a consultant and retired vice chairman of an accounting andconsulting firm; John E. Koerne III, 66, managing member of Koerner Capital LLC, a private investment company; Cheryl Gordon Krongard, 53, a privatr investor; and Scott C. Nuttall, 36, a partnerd at Kohlberg, Kravis Roberts & Co., a private equity firm. The company’s board members receive a base payof $40,00p plus $2,000 per meeting after the sixth meeting of each year.
million in total compensation infiscakl 2009, the company said in a filingt Monday with the . Fetting was paid $500,000 in $950,000 in bonuses, $3.4 millionm in stock awards, $1,6 million in stockl options andabout $34,000 in other compensation for a totap of $6.5 million in the year ended Marchn 31, the filing said. His total compensatiomn was about 39 percent more thanthe $4.7 millio Fetting was paid in fiscal year 2008. Fetting’sx 2009 compensation includes stock awards and optionxs vestingin 2009, some of which were awarded in previouws years, said Legg spokeswoman Mary Athridge.
In raisin g Fetting’s compensation, the company’s boardx of directors considered Fetting’s “accomplishments during the year, including his leadershipp during one of the worst financial crises of the last 100 Athridge said inan e-mailed statement. Fettingv was credited with helping the companyraisee $1.15 billion in capital, recruiting new top cutting expenses by $135 millionm and selling off billions in structured investment vehicles, or from the company’s money market funds, Athridgew said. Baltimore-based Legg Mason (NYSE:LM) lost $1.9 billion, or $13.
856 a share, for the year ended Marchh 31, as the company saw investorxs withdraw money from its funds as the stockmarkert slumped. The company took a net loss of $1.4 billiob in disposing of its SIVs andan $863 millionj non-cash impairment charge during the year. In fiscal year Legg Mason earned $267 million, or $1.86 a share. Fetting’z cash bonus was reduced by nearly $1 million comparexd with the year before, but his stock awardes went fromabout $936,000 last year to more than $3.4 millioj in 2009, according to the SEC filing. Making more of Fetting’w pay dependent on the performance ofLegg Mason’ds stock, “aligns his interest with that of Athridge said.
Fetting, who owns or control s 311,411 Legg Mason shares is the company’s third-largest shareholder, after mutual fund companiex Dodge & Cox, which owns 8.7 million shares, or 6.2 percentg of the company, and Invesco Ltd., which owns 7.5 millioh shares, or 5.3 percent of Legg Mason’s Fetting, in his annuapl report to shareholders, which was releasesd Monday, spoke of how difficul t it was to steer an asset manager like Legg Masonj through the shoals of the rockyfinancial markets. “200u8 represented one of the most difficult economicd periods in modern financial history and certainly the wors Ihave witnessed,” he wrote.
Legg Mason’sz filing also lists the total compensation of other top Legg Mason executives includingCharleds J. Daley Jr., chiefd financial officer and treasurer David R. Odenath, senior executive vice president, ($4,432,122), Joseph A. chief administrative officer ($2,055,883), Peter L. Bain, Legg Mason’ s former president ($4,985,138) and Mike Abbaei, former executive vice presideng ($2,680,135). The company will hold its annuaol shareholder meeting in Baltimore onJuly 28. Shareholders will vote on the re-electioj of five directors for three-year terms expiringb in 2012: Robert E. 62, a private investor; Barry W.
65, a consultant and retired vice chairman of an accounting andconsulting firm; John E. Koerne III, 66, managing member of Koerner Capital LLC, a private investment company; Cheryl Gordon Krongard, 53, a privatr investor; and Scott C. Nuttall, 36, a partnerd at Kohlberg, Kravis Roberts & Co., a private equity firm. The company’s board members receive a base payof $40,00p plus $2,000 per meeting after the sixth meeting of each year.
Tuesday, September 25, 2012
100th 7-Eleven Fla. franchise - Denver Business Journal:
tenamup.wordpress.com
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a formet store manager for five years. Dallas-basedd 7-Eleven Inc. announced plans in 2007 to convertr 100 existing locations in the state to franchised Store managers were invited to apply for thoss franchises before the offerwent public. More than 40 7-Elevenj stores in the Orlando market are now with about another 140 owned bythe company.
Betweenj eight to 10 7-Eleven stores throughout the statd are being converted into franchisw operations each month and plana to have most of the conversions nationwide completedby 2012, accordinyg to a news release. The company franchises or licensesabout 7,800 stores in North America and more than 36,100o stores in 15 countries. The company reported 2008 sales of morethan $53.7
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a formet store manager for five years. Dallas-basedd 7-Eleven Inc. announced plans in 2007 to convertr 100 existing locations in the state to franchised Store managers were invited to apply for thoss franchises before the offerwent public. More than 40 7-Elevenj stores in the Orlando market are now with about another 140 owned bythe company.
Betweenj eight to 10 7-Eleven stores throughout the statd are being converted into franchisw operations each month and plana to have most of the conversions nationwide completedby 2012, accordinyg to a news release. The company franchises or licensesabout 7,800 stores in North America and more than 36,100o stores in 15 countries. The company reported 2008 sales of morethan $53.7
Sunday, September 23, 2012
Capella announces special education program - Minneapolis / St. Paul Business Journal:
sasutezew.blogspot.com
The Minneapolis-based online university, owned by , said the specialization, approved by the Minnesotq Boardof Teaching, is meant to help meet shortages in the “The vast majority of children with specia l needs spend at least part of their day in regular so not only is there a nationwide call for special-educatiobn teachers, but many regular classroomn teachers could also benefit from training in this area,” said Barbaraz Butts Williams, dean of Capella’s School of The recession has proved to be a time of for Capellqa (NASDAQ: CPLA) possibly because its courses are a way for professionalsx to make themselves more marketable in the job market.
First-quartere enrollment was more than 28,000, up nearly 20 percentg from the sameperiod 2008. Revenu was up 17 percent compared to the same perioclast year. Last week, Capella said it was .
The Minneapolis-based online university, owned by , said the specialization, approved by the Minnesotq Boardof Teaching, is meant to help meet shortages in the “The vast majority of children with specia l needs spend at least part of their day in regular so not only is there a nationwide call for special-educatiobn teachers, but many regular classroomn teachers could also benefit from training in this area,” said Barbaraz Butts Williams, dean of Capella’s School of The recession has proved to be a time of for Capellqa (NASDAQ: CPLA) possibly because its courses are a way for professionalsx to make themselves more marketable in the job market.
First-quartere enrollment was more than 28,000, up nearly 20 percentg from the sameperiod 2008. Revenu was up 17 percent compared to the same perioclast year. Last week, Capella said it was .
Saturday, September 22, 2012
Business leaders applaud Minnesota budget stalemate - Minneapolis / St. Paul Business Journal:
xotavaloso.blogspot.com
Gov. Tim Pawlenty and DFL legislative leaderxs failed to reach abudget deal, leavingg Pawlenty to erase the remaining $2.7 billiomn budget gap using unallotments. There will be spending the governor says, but no tax “Given the economy, I think coming out of the session withouf additional burdens being placed on job providerss is anenormous victory,” said Charliw Weaver, executive director of the Minnesotz Business Partnership. Late Monday night, the DFL-controlled House and Senatde passed a bill that would balancw the budgetwith $1 billion in tax increasess and a one-time accounting The bill included tax hikes for the wealthy, liquor and credit card companies.
Pawlenty, said he’ll veto the bill. “Oj the budget, certainly we faref pretty well,” said Tom vice president of government affairse for the Minnesota Chamberof “The variety of tax increases that were proposed by the Legislaturr did not happen, thanks in large part to the governor, and we’red pleased with that outcome.” The governor's stance drew criticismj from the International Union of Operating Engineers, whicnh represents 13,000 members in Minnesota and the "Minnesota’s working men and women will soon feel the pain of thesre massive budget cuts," said Local 49 business manager Glen Johnsobn in a statement, predicting that big employment cuts from schools and the like woul follow the veto.
Officialsa from the National Association of Industriakl and Officeproperties (NAIOP), a commercial and real estat development association, were pleased the sessionh ended without increasing statewide general propertyy taxes, something that had been discussed earlier in the session. But since state aid to Minnesota citiezs could be among the items that gets cut by NAIOP members are still worried that local propert y taxes might rise as cities try to balance their own NAIOP leaders also were pleased that a proposedlaw didn’t pass that would have given cities the authorit y to establish transportation or street-improvement districts to raise revenuse for a variety of thingsz ranging from transit stations to street said Kaye Rakow, director of publivc policy for the Minnesota Chapter of NAIOP.
The propose law would have allowed citiesz to create districts without having to demonstrate specific benefitd for thelandowners (as they must for special The legislative session was a one for small said Mike Hickey, executive director of the Nationa Federation of Independent Business’ Minnesota chapter. “We’red real happy we didn’t have a massivew tax increase during aterrible recession. I think that woulr only make things worse, and it was a sourcee of a lotof battling.
” But businesses groupe didn't record any major proactive victories either, said Bloiz Olson, an executive vice president at Tuneim Partnerw in Bloomington and former co-publisher of Politics in Minnesota . "The real question is: Did we do anythinhg that is going togrow jobs? I think the jury's still out," he said. The Chambef had supported proposals callinbg for business tax cuts or other incentives that woulxd have helped spureconomic development. "o think most of those ideas got left on the Hesse said.
Gov. Tim Pawlenty and DFL legislative leaderxs failed to reach abudget deal, leavingg Pawlenty to erase the remaining $2.7 billiomn budget gap using unallotments. There will be spending the governor says, but no tax “Given the economy, I think coming out of the session withouf additional burdens being placed on job providerss is anenormous victory,” said Charliw Weaver, executive director of the Minnesotz Business Partnership. Late Monday night, the DFL-controlled House and Senatde passed a bill that would balancw the budgetwith $1 billion in tax increasess and a one-time accounting The bill included tax hikes for the wealthy, liquor and credit card companies.
Pawlenty, said he’ll veto the bill. “Oj the budget, certainly we faref pretty well,” said Tom vice president of government affairse for the Minnesota Chamberof “The variety of tax increases that were proposed by the Legislaturr did not happen, thanks in large part to the governor, and we’red pleased with that outcome.” The governor's stance drew criticismj from the International Union of Operating Engineers, whicnh represents 13,000 members in Minnesota and the "Minnesota’s working men and women will soon feel the pain of thesre massive budget cuts," said Local 49 business manager Glen Johnsobn in a statement, predicting that big employment cuts from schools and the like woul follow the veto.
Officialsa from the National Association of Industriakl and Officeproperties (NAIOP), a commercial and real estat development association, were pleased the sessionh ended without increasing statewide general propertyy taxes, something that had been discussed earlier in the session. But since state aid to Minnesota citiezs could be among the items that gets cut by NAIOP members are still worried that local propert y taxes might rise as cities try to balance their own NAIOP leaders also were pleased that a proposedlaw didn’t pass that would have given cities the authorit y to establish transportation or street-improvement districts to raise revenuse for a variety of thingsz ranging from transit stations to street said Kaye Rakow, director of publivc policy for the Minnesota Chapter of NAIOP.
The propose law would have allowed citiesz to create districts without having to demonstrate specific benefitd for thelandowners (as they must for special The legislative session was a one for small said Mike Hickey, executive director of the Nationa Federation of Independent Business’ Minnesota chapter. “We’red real happy we didn’t have a massivew tax increase during aterrible recession. I think that woulr only make things worse, and it was a sourcee of a lotof battling.
” But businesses groupe didn't record any major proactive victories either, said Bloiz Olson, an executive vice president at Tuneim Partnerw in Bloomington and former co-publisher of Politics in Minnesota . "The real question is: Did we do anythinhg that is going togrow jobs? I think the jury's still out," he said. The Chambef had supported proposals callinbg for business tax cuts or other incentives that woulxd have helped spureconomic development. "o think most of those ideas got left on the Hesse said.
Thursday, September 20, 2012
Md. colleges given $11M to combat nursing shortage - Business Courier of Cincinnati:
viktorsejbgif.blogspot.com
The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facult and students, and improve technologyy at the universities. Maryland’s nursing shortage is expectesd toreach 10,000 by according to the . The current vacancy rate of nursesx at state hospitals is8 percent. The economicx downturn has helped the industry because many retire d nurses have come backto work, but once the recessionh ends the shortage will worsen, said Carmela Coyle, CEO of the Marylan Hospital Association. The first round of grantsx will increase the numberf of nurses graduating by 300 studente and add 20 faculty positions at nursing programs acrosxsthe state.
“The number of nurses graduating from Marylancd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will Care?” campaign at a press conference Monday. “We cannot take our eye off thenursinb demand.” The campaign’s goal is to add 1,500 new nursing students. The program has raised $15.5 millioj to date through the state’z business community, including funds from the Baltimord constructionform , , the region's largest hospitak system, and , the region's largest health Greater Baltimore Medical Center, for example, gave $500,000.
The goal is to raisse $20 million from the private sectoe by the end of the and then raise anaddition $40 millionn in state, local and federakl funds. • • • • • ; and, • .
The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facult and students, and improve technologyy at the universities. Maryland’s nursing shortage is expectesd toreach 10,000 by according to the . The current vacancy rate of nursesx at state hospitals is8 percent. The economicx downturn has helped the industry because many retire d nurses have come backto work, but once the recessionh ends the shortage will worsen, said Carmela Coyle, CEO of the Marylan Hospital Association. The first round of grantsx will increase the numberf of nurses graduating by 300 studente and add 20 faculty positions at nursing programs acrosxsthe state.
“The number of nurses graduating from Marylancd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will Care?” campaign at a press conference Monday. “We cannot take our eye off thenursinb demand.” The campaign’s goal is to add 1,500 new nursing students. The program has raised $15.5 millioj to date through the state’z business community, including funds from the Baltimord constructionform , , the region's largest hospitak system, and , the region's largest health Greater Baltimore Medical Center, for example, gave $500,000.
The goal is to raisse $20 million from the private sectoe by the end of the and then raise anaddition $40 millionn in state, local and federakl funds. • • • • • ; and, • .
Wednesday, September 19, 2012
Employee compensation averages $29.39 an hour - The Business Journal of the Greater Triad Area:
savimy.blogspot.com
Of that, wages and salaries averaged $20.49, accountinh for 69.7 percent of costs. which averaged $8.90, accounted for the remaininb 30.3 percent of the cost for nonfarm, state and local governmenyt workers. The amount spent on costs for legally required includingSocial Security, Medicare, unemployment insuranc e and workers’ compensation, averaged $2.28 an Employer costs for life, health, and disability insurance benefits averaged $2.52, while paid leave benefitsw (vacations, holidays, sick leave and personal leave) average $2.08. Retirement and saving benefitsaveraged $1.31 per hour worked. Among the four regions, costs for health-insurance benefits ranged from $1.
71 an hour in the South to $2.29 in the Health-insurance costs were $2.13 in the Midwest and $2.05 in the
Of that, wages and salaries averaged $20.49, accountinh for 69.7 percent of costs. which averaged $8.90, accounted for the remaininb 30.3 percent of the cost for nonfarm, state and local governmenyt workers. The amount spent on costs for legally required includingSocial Security, Medicare, unemployment insuranc e and workers’ compensation, averaged $2.28 an Employer costs for life, health, and disability insurance benefits averaged $2.52, while paid leave benefitsw (vacations, holidays, sick leave and personal leave) average $2.08. Retirement and saving benefitsaveraged $1.31 per hour worked. Among the four regions, costs for health-insurance benefits ranged from $1.
71 an hour in the South to $2.29 in the Health-insurance costs were $2.13 in the Midwest and $2.05 in the
Tuesday, September 18, 2012
Realtors to launch foreclosure courses - Minneapolis / St. Paul Business Journal:
ekaterinaiuvo.blogspot.com
The group gave the $3,200 to host a foreclosurs and shortsales course. And the was givemn $8,050 to develop a course and DVD for consumers and agente on the legal risks associated with foreclosured andshort sales. also was awarded $6,00p0 to host a Realtor training course on helping consumers who are behin d ontheir mortgages. The national association gave out morethan $3 millionm to different city associations to help resolve the growinyg foreclosure problem.
“Realtors build communities, and as the leadinv advocate for homeownership andhousing issues, we believe that any familyu that loses its home to foreclosure is one family too NAR President Charles McMillan, a broker with in Dallas-Fort “Foreclosures affect each community differently, which is why NAR is providiny the Foreclosure Prevention and Response grants directlt to local and state Realtor associations so that they can develop coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.
”
The group gave the $3,200 to host a foreclosurs and shortsales course. And the was givemn $8,050 to develop a course and DVD for consumers and agente on the legal risks associated with foreclosured andshort sales. also was awarded $6,00p0 to host a Realtor training course on helping consumers who are behin d ontheir mortgages. The national association gave out morethan $3 millionm to different city associations to help resolve the growinyg foreclosure problem.
“Realtors build communities, and as the leadinv advocate for homeownership andhousing issues, we believe that any familyu that loses its home to foreclosure is one family too NAR President Charles McMillan, a broker with in Dallas-Fort “Foreclosures affect each community differently, which is why NAR is providiny the Foreclosure Prevention and Response grants directlt to local and state Realtor associations so that they can develop coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.
”
Sunday, September 16, 2012
Lower taxation without aggravation: What employers should know about the stimulus package - New Mexico Business Weekly:
gault-rickettsias.blogspot.com
Two key provisions of the plan are a tax credi t for employees and a health insurance subsidg forunemployed workers. Both are implemented througjh employers and require changes to payroll andCOBRw administration. Also in the act are multiple tax benefits that are designesd to encourage businesses and individuals to make capital The new law gives employees a tax credigt of upto $400 per worker and $800 for marrieds workers filing jointly against their 2009 and 2010 taxes. The revisexd withholding rates so workers get an immediate boos t intheir take-home pay. The new rates, in effecg since April 1, can be founsd in a February 21 news releaseat www.irs.gov/newsroom.
Workerzs don’t need to fill out a new W-4 withholdingb form to get the credit. However, individual with multiple jobs or married couples who both work may submit arevised W-4 to avoid owing a portion of the crediyt on their Form 1040. Employeese who are unsure should refer to IRS Publication 919 for guidance on tax The COBRA program offers employees and theird families who have lost healtnh insurance coverage in certain circumstances to buy into the healt insurance plans of theirformer employers, but those workers had to pay the premiums. Underf the stimulus plan, the government will cover 65 percent of COBRz premiums for up to nine months afteer a worker has beenlaid off.
This applie s to involuntary terminationsbetween 1, 2008 and Dec. 31, 2009. To be workers must have an adjusted gross incomer of lessthan $145,000 (or $290,009 for joint filers). Individuals who have exceedefd the income requirement must repayg any subsidy received when they file their tax Individuals with an adjusted gross incomebetween $125,000 and $145,000 (or $250,000 and $290,000 for joint will be required to repay a proportional amount of any subsid y they had received. While employers will have to pay the COBRA premiujmup front, they will be reimbursed in full by the IRS througn a credit against payroll tax liabilities.
Information about COBRA can befound at: Some stimulus provisions offer tax breakx for capital investments. Small businesses that invest in capita assets during 2009 can extend the depreciation to 50 perceng for thefirst year. In small businesses with net operating lossee in 2008 can offset their losses against income earned in up to fiveprior years. A tax incentivs set to expire this year allowed smalol businesses up toa $250,000 maximum deduction for assets purchaserd during 2008. The new act extends this through 2009.
Another program awards tax credits to businessews that create jobs for unemployed veterans and youthh who have not been regularly employed or attended schoolp in the pastsix months. The credif is 40 percent of thefirst $6,000 in For details, go to the busineszs tab at www.irs.gov. The American Recovery and Reinvestment Act containa manypotential benefits. For some of these benefits carry aprice – not in but in the need to update theid payroll, tax filings and other business processes.
Failured to do so coulfd result in penalties or missing out on potential In addition to government resources like the IRSand , business ownerw can consult payroll and benefitd providers, like Paychex Inc., that understande the stimulus bill. Your accountant is anotherd resource whocan help. In additio n to implementing these changes automatically for Paychex offers aWeb site, www.paychex.com/stimulus, to help explainj how the bill affects smallp businesses. Given the scope of the the speed with which theyare implemented, and the number of potentia l benefits, no business should feel alonde in dealing with this.
Two key provisions of the plan are a tax credi t for employees and a health insurance subsidg forunemployed workers. Both are implemented througjh employers and require changes to payroll andCOBRw administration. Also in the act are multiple tax benefits that are designesd to encourage businesses and individuals to make capital The new law gives employees a tax credigt of upto $400 per worker and $800 for marrieds workers filing jointly against their 2009 and 2010 taxes. The revisexd withholding rates so workers get an immediate boos t intheir take-home pay. The new rates, in effecg since April 1, can be founsd in a February 21 news releaseat www.irs.gov/newsroom.
Workerzs don’t need to fill out a new W-4 withholdingb form to get the credit. However, individual with multiple jobs or married couples who both work may submit arevised W-4 to avoid owing a portion of the crediyt on their Form 1040. Employeese who are unsure should refer to IRS Publication 919 for guidance on tax The COBRA program offers employees and theird families who have lost healtnh insurance coverage in certain circumstances to buy into the healt insurance plans of theirformer employers, but those workers had to pay the premiums. Underf the stimulus plan, the government will cover 65 percent of COBRz premiums for up to nine months afteer a worker has beenlaid off.
This applie s to involuntary terminationsbetween 1, 2008 and Dec. 31, 2009. To be workers must have an adjusted gross incomer of lessthan $145,000 (or $290,009 for joint filers). Individuals who have exceedefd the income requirement must repayg any subsidy received when they file their tax Individuals with an adjusted gross incomebetween $125,000 and $145,000 (or $250,000 and $290,000 for joint will be required to repay a proportional amount of any subsid y they had received. While employers will have to pay the COBRA premiujmup front, they will be reimbursed in full by the IRS througn a credit against payroll tax liabilities.
Information about COBRA can befound at: Some stimulus provisions offer tax breakx for capital investments. Small businesses that invest in capita assets during 2009 can extend the depreciation to 50 perceng for thefirst year. In small businesses with net operating lossee in 2008 can offset their losses against income earned in up to fiveprior years. A tax incentivs set to expire this year allowed smalol businesses up toa $250,000 maximum deduction for assets purchaserd during 2008. The new act extends this through 2009.
Another program awards tax credits to businessews that create jobs for unemployed veterans and youthh who have not been regularly employed or attended schoolp in the pastsix months. The credif is 40 percent of thefirst $6,000 in For details, go to the busineszs tab at www.irs.gov. The American Recovery and Reinvestment Act containa manypotential benefits. For some of these benefits carry aprice – not in but in the need to update theid payroll, tax filings and other business processes.
Failured to do so coulfd result in penalties or missing out on potential In addition to government resources like the IRSand , business ownerw can consult payroll and benefitd providers, like Paychex Inc., that understande the stimulus bill. Your accountant is anotherd resource whocan help. In additio n to implementing these changes automatically for Paychex offers aWeb site, www.paychex.com/stimulus, to help explainj how the bill affects smallp businesses. Given the scope of the the speed with which theyare implemented, and the number of potentia l benefits, no business should feel alonde in dealing with this.
Saturday, September 15, 2012
33-year-old restaurant files for Ch. 7 bankruptcy - Kansas City Business Journal:
vuwodu.wordpress.com
The iconic Orlando-based restaurant filed a voluntary petitiobfor liquidation, listing $1.98 million in debt and $1.57 millionb in assets, said court records. Brad president of owner , said the 7,400-square-foot eatery’zs revenue dropped as much as 30 percent since the stargt of theeconomic downturn. “When your cost of doinfg business goes up and revenuegoes down, you can hold on for only so said Dean, who unsuccessfully searched for an investor or buyetr for the 28-employee business. According to its bankruptcy petition, Barney’a has 45 creditors. The largesf secured creditor is Banco which isowed $1.25 million.
The largest unsecures creditor is the Orange CountyTax Collector, which is owed $57,599. “It’s tough righrt now in the restaurang industry,” said Laura owner of , an Altamonte Springs-based firm that services the restaurant industry. “The restaurant businessd is the only business wherse you open your doors with a full refrigerator and a full and you have no idea if someon will walk through the Manny Tato, owner of Spice Modern Steakhouse in Winter Park and downtown Orlando, said there’ss no question the economy has been especially touguh on restaurants.
“People are not spendinbg as much as theyused
The iconic Orlando-based restaurant filed a voluntary petitiobfor liquidation, listing $1.98 million in debt and $1.57 millionb in assets, said court records. Brad president of owner , said the 7,400-square-foot eatery’zs revenue dropped as much as 30 percent since the stargt of theeconomic downturn. “When your cost of doinfg business goes up and revenuegoes down, you can hold on for only so said Dean, who unsuccessfully searched for an investor or buyetr for the 28-employee business. According to its bankruptcy petition, Barney’a has 45 creditors. The largesf secured creditor is Banco which isowed $1.25 million.
The largest unsecures creditor is the Orange CountyTax Collector, which is owed $57,599. “It’s tough righrt now in the restaurang industry,” said Laura owner of , an Altamonte Springs-based firm that services the restaurant industry. “The restaurant businessd is the only business wherse you open your doors with a full refrigerator and a full and you have no idea if someon will walk through the Manny Tato, owner of Spice Modern Steakhouse in Winter Park and downtown Orlando, said there’ss no question the economy has been especially touguh on restaurants.
“People are not spendinbg as much as theyused
Thursday, September 13, 2012
Experts: Crisis over, recession not - The Business Review (Albany):
ovaluleq.wordpress.com
That’s the latest economic outlook for according to the state Departmentof Revenue’s quarterlg report, released July 3. The nationa l economy has been in recession for the past18 months, as monitoresd by the National Bureau of Economic The recession continues to be but the gross domestic product is expected to begin growth in the seconsd half of the year. The nationa unemployment rate is likely to peakat 10.3 percenft in the first half of 2010. Wisconsin remains in a with jobs losttotaling 143,000 since Decembef 2007, the state Department of Revenue report said. The current outlook callds fora “peak-to-trough” job loss of 155,300, or 5.
4 percenty of total employment. Wisconsin’s latest seasonally adjustedr unemployment rate stoodat 8.9 percent in May, more than doubls of what it was a year ago, but stil l less than the national rate of 9.4 The education and health services sector was the only privatw sector posting year-over-year job gains in the past threw months. It is the only sector that is expecter to showemployment growth, at 2.5 percent, in 2009. Followinvg is a synopsis of industries’ expectations for the rest of 2009 andearlyt 2010.
Banks in southeast Wisconsin may have sustainedx the worst of thehits they’l l take in this recession, but that doesn’tf mean all will be near well for the balance of 2009. Analystx said banks already recorded most of their consume r credit problemsincluding mortgages, home equity loans, crediyt cards and auto loans. The nation’ds largest banks survived the credity crisis that threatened to lock credity markets and shookcustomer confidence. However, banks are just startin g to feel an increasre in problems with commercial real estatd andbusiness loans. And they’rew still working through existinggproblem loans.
“We’ve got a bottom in the industry, but there’ds no recovery,” said John Rickmeier, presidentr of , Hartland. Experts predict loan demand will remaih weak as consumers and businesses deal with high unemploymentf and a slowhousing market. Recovery will be slow and Wisconsin banks are in better shape than thosse in manyother states. Only a few face closintg or a forced sale, experts Commercial lending activity will remain Financially healthy banks aremaking loans, but conservatively and only to stron customers, said Emory Ireland, a banking attorney with , Milwaukee.
The positivs news, relatively speaking, for the rest of 2009 is that increase s in bad loans will dissipate and saidDavid George, analyst with Robert W. Bairdd & Co. Inc. in St. Louis. Georgwe believes the commercial loanproblems won’t be as pronounced as the consumedr and residential woes. Southeast Wisconsin’s construction industry is a tale of the haveeand have-nots. Road builders and bridgwe contractors are baskingin $692 million in federalk stimulus that is putting Operating Engineerd and Teamsters members back to work after nearly two years of tougjh times. Inc.
, Waukesha, has been awarded the most moneyh of any construction firm in the statee after the first three roundx of American Recovery and Reinvestment Act Zignego was the low bidder on two largde highwayconstruction projects, valued at $137.5 million, or nearlh 20 percent of the total stimulus money allocated to Wisconsin roads and bridges.
That’s the latest economic outlook for according to the state Departmentof Revenue’s quarterlg report, released July 3. The nationa l economy has been in recession for the past18 months, as monitoresd by the National Bureau of Economic The recession continues to be but the gross domestic product is expected to begin growth in the seconsd half of the year. The nationa unemployment rate is likely to peakat 10.3 percenft in the first half of 2010. Wisconsin remains in a with jobs losttotaling 143,000 since Decembef 2007, the state Department of Revenue report said. The current outlook callds fora “peak-to-trough” job loss of 155,300, or 5.
4 percenty of total employment. Wisconsin’s latest seasonally adjustedr unemployment rate stoodat 8.9 percent in May, more than doubls of what it was a year ago, but stil l less than the national rate of 9.4 The education and health services sector was the only privatw sector posting year-over-year job gains in the past threw months. It is the only sector that is expecter to showemployment growth, at 2.5 percent, in 2009. Followinvg is a synopsis of industries’ expectations for the rest of 2009 andearlyt 2010.
Banks in southeast Wisconsin may have sustainedx the worst of thehits they’l l take in this recession, but that doesn’tf mean all will be near well for the balance of 2009. Analystx said banks already recorded most of their consume r credit problemsincluding mortgages, home equity loans, crediyt cards and auto loans. The nation’ds largest banks survived the credity crisis that threatened to lock credity markets and shookcustomer confidence. However, banks are just startin g to feel an increasre in problems with commercial real estatd andbusiness loans. And they’rew still working through existinggproblem loans.
“We’ve got a bottom in the industry, but there’ds no recovery,” said John Rickmeier, presidentr of , Hartland. Experts predict loan demand will remaih weak as consumers and businesses deal with high unemploymentf and a slowhousing market. Recovery will be slow and Wisconsin banks are in better shape than thosse in manyother states. Only a few face closintg or a forced sale, experts Commercial lending activity will remain Financially healthy banks aremaking loans, but conservatively and only to stron customers, said Emory Ireland, a banking attorney with , Milwaukee.
The positivs news, relatively speaking, for the rest of 2009 is that increase s in bad loans will dissipate and saidDavid George, analyst with Robert W. Bairdd & Co. Inc. in St. Louis. Georgwe believes the commercial loanproblems won’t be as pronounced as the consumedr and residential woes. Southeast Wisconsin’s construction industry is a tale of the haveeand have-nots. Road builders and bridgwe contractors are baskingin $692 million in federalk stimulus that is putting Operating Engineerd and Teamsters members back to work after nearly two years of tougjh times. Inc.
, Waukesha, has been awarded the most moneyh of any construction firm in the statee after the first three roundx of American Recovery and Reinvestment Act Zignego was the low bidder on two largde highwayconstruction projects, valued at $137.5 million, or nearlh 20 percent of the total stimulus money allocated to Wisconsin roads and bridges.
Wednesday, September 12, 2012
Beyond the barbecue - New Straits Times
fixyruw.wordpress.com
New Straits Times | Beyond the barbecue New Straits Times Bulgogi Brothers is the newest thing in the hallyu (wave of Korean culture) sweeping across the country. Opened just weeks ago, the restaurant in Paradigm Mall in Selangor, is already gaining popularity through word of mouth... helped in no small ... |
Tuesday, September 11, 2012
Deactivated Nike missile arrives for restoration by students - MiamiHerald.com
cahijisebi.wordpress.com
Deactivated Nike missile arrives for restoration by students MiamiHerald.com The flatbed trailer carrying a deactivated Nike missile from the Aniston, Ala., Army Depot arrived shortly before 8 a.m. at the George T. Baker Aviation School in Miami Springs, where more than 100 students, teachers and National Park Service ... |
Sunday, September 9, 2012
Taliban Rages Over US Decision on Terrorist Group - New York Times (blog)
manuscripts-shuwatu.blogspot.com
New York Times (blog) | Taliban Rages Over US Decision on Terrorist Group New York Times (blog) HONG KONG รข€" Washington has form » |
Saturday, September 8, 2012
Ohio Senate OKs budget bill - Business First of Columbus:
xeconatyxex.blogspot.com
In a 20-11 vote along party lines, the Senatre approved a budget that calls for morethan $113 billion in state spending over the two-year period beginning July 1. That is nearlu $1 billion less than the budget approved earlier bythe Democrat-controllee House. “This budget protects funds basic services and puts seniors andchildren first,” said state Sen. John R-Wellston, chairman of the Senate’s Finance and Financiapl Institutions Committee. Senate Republican leaders their budget planMay 29. The bill passe d Wednesday was consistent with that version and remains at odds on many issue with the one approved by House Democrats.
Differences between the bills will need to be reconcile d by a House and Senate conference committere in thecoming weeks. The legislature needse to present a balanced budgetfor Gov. Ted Strickland’s signature by a June 30 deadline. Complicating the budger process is thatthe House-Senate conference committee is expectes to receive updated state revenue estimatesx from Gov. Ted Strickland’s administration that are likely to require additionalk cuts to the budget passed bythe Senate. The final version of the Senatwe bill contained an amendment that protectes Ohio hospitals from beintg hurt by a new franchise fee called for inthe House-passedr budget bill.
Designed to allow the statw to receiveapproximately $1.7 billion in matching federakl funds for Ohio’s Medicaid health-carer program for the poor, the franchisew fee would have cost hospitals an estimated $333 million over the two-yeafr budget cycle. The Senate bill retains the franchise fee but returnsz all the assessment dollarsto hospitals, the That would be done through a 5 percen t Medicaid payment increase for hospitals, higher paymentse for hospital-owned home health services and potentially increase payments for ambulance and hospice services owned by the The other big amendment in the bill would open stats parkland to drilling for oil and natural gas.
Revenue from well leasews would be used to maintain and improvestatd parks.
In a 20-11 vote along party lines, the Senatre approved a budget that calls for morethan $113 billion in state spending over the two-year period beginning July 1. That is nearlu $1 billion less than the budget approved earlier bythe Democrat-controllee House. “This budget protects funds basic services and puts seniors andchildren first,” said state Sen. John R-Wellston, chairman of the Senate’s Finance and Financiapl Institutions Committee. Senate Republican leaders their budget planMay 29. The bill passe d Wednesday was consistent with that version and remains at odds on many issue with the one approved by House Democrats.
Differences between the bills will need to be reconcile d by a House and Senate conference committere in thecoming weeks. The legislature needse to present a balanced budgetfor Gov. Ted Strickland’s signature by a June 30 deadline. Complicating the budger process is thatthe House-Senate conference committee is expectes to receive updated state revenue estimatesx from Gov. Ted Strickland’s administration that are likely to require additionalk cuts to the budget passed bythe Senate. The final version of the Senatwe bill contained an amendment that protectes Ohio hospitals from beintg hurt by a new franchise fee called for inthe House-passedr budget bill.
Designed to allow the statw to receiveapproximately $1.7 billion in matching federakl funds for Ohio’s Medicaid health-carer program for the poor, the franchisew fee would have cost hospitals an estimated $333 million over the two-yeafr budget cycle. The Senate bill retains the franchise fee but returnsz all the assessment dollarsto hospitals, the That would be done through a 5 percen t Medicaid payment increase for hospitals, higher paymentse for hospital-owned home health services and potentially increase payments for ambulance and hospice services owned by the The other big amendment in the bill would open stats parkland to drilling for oil and natural gas.
Revenue from well leasews would be used to maintain and improvestatd parks.
Friday, September 7, 2012
Italian Doubles Team Wins a Shootout - New York Times (blog)
fixyruw.wordpress.com
AFP | Italian Doubles Team Wins a Shootout New York Times (blog) Two point-blank shootouts enlivened Sara Errani and Roberta Vinci's semifinal doubles victory on Thursday. The Italians won, 6-3, 6-2, over Nuria Llagostera Vives and Maria Martinez Sanchez of Spain. The first shootout came in a six-shot r » |
Wednesday, September 5, 2012
Cincinnati-area firms win Ohio incentives - Dayton Business Journal:
batyushkinuxit.blogspot.com
, a maker of marketing simulatiobn andplanning software, received $1.1 million from the Innovatiobn Ohio Loan Fund, at an annual interesf rate of 1 percentt for the first year and 8 percenty for five years. The Cincinnati-based company will use the loan to developp a new generation of its Emerging Marketplaced software and buycomputer equipment. The $2.2 millionm project is expected to create 36 jobs and retai n10 jobs. Two local firms also receivexd Job Creation Tax Credits forexpansion projects. , a supplier of labelinv systems for thebeverage industry, was awarded a 45 percenrt tax credit for five years for a $1 millio expansion project in Mason.
The company expectds to use the credit, worth about $52,700 over its to create 25 jobs andretain 118. • won a 45 percenf job credit, for a six-year for a $170,000 expansion project at its regionaloffice downtown. The credit is valued at about $119,7509 over its term. Advantage expects to create 33 positionss andretain 65. The company, headquartere in Spokane, Wash., provides energ management consulting services.
, a maker of marketing simulatiobn andplanning software, received $1.1 million from the Innovatiobn Ohio Loan Fund, at an annual interesf rate of 1 percentt for the first year and 8 percenty for five years. The Cincinnati-based company will use the loan to developp a new generation of its Emerging Marketplaced software and buycomputer equipment. The $2.2 millionm project is expected to create 36 jobs and retai n10 jobs. Two local firms also receivexd Job Creation Tax Credits forexpansion projects. , a supplier of labelinv systems for thebeverage industry, was awarded a 45 percenrt tax credit for five years for a $1 millio expansion project in Mason.
The company expectds to use the credit, worth about $52,700 over its to create 25 jobs andretain 118. • won a 45 percenf job credit, for a six-year for a $170,000 expansion project at its regionaloffice downtown. The credit is valued at about $119,7509 over its term. Advantage expects to create 33 positionss andretain 65. The company, headquartere in Spokane, Wash., provides energ management consulting services.
Tuesday, September 4, 2012
Deal reached in tech lawsuit - MENAFN.COM
ejoxot.wordpress.com
Deal reached in tech lawsuit MENAFN.COM George Ariyoshi and others seeking hundreds of millions of dollars from major financial companies over the 2002 acquisition of a Hawaii high-technology company. Ariyoshi, high-tech entrepreneur Lambert Onuma and others who owned stock in Pihana ... |
Sunday, September 2, 2012
Pioneer Drilling settles lawsuit - Philadelphia Business Journal:
batyushkinuxit.blogspot.com
The lawsuit was settled after three days of tria l inJohnson County. It was brought on behaltf of the husband, children and parents of Rhondwa Henson, who was killed on Sept. 11, 2008, when oil field equipmenf fell offa tractor-trailert and crushed her vehicle. The tractor-trailerr was owned and operated by Pioneere DrillingServices Ltd., a division of San Antonio-based Pioneetr Drilling (Amex: PDC). The accident occurred on FM 157 inNortn Texas. During the trial, it was based on Venus PoliceDepartmen reports, that the driver of the trucik failed to control his spee and that the truck’s load was not properlyt secured.
Plaintiffs also alleged that the driver was not legally qualifies to drive the truck and that documents in his driveer qualification fileswere fabricated, falsified and backdated by Pionee employees after the accident. A spokesperson for Pioneetr Drilling was unavailablefor comment. “We believe it was a just outcomde within our civil court system and a fair settlement given the facts ofthe case,” says John Davicd Hart, a Fort Worth attorney who represented the Henson family. “We believe that this settlement will at leastf make companies more aware of the need for good safethy and hiring practices and hopefullyh prevent anotherneedless tragedy.
”
The lawsuit was settled after three days of tria l inJohnson County. It was brought on behaltf of the husband, children and parents of Rhondwa Henson, who was killed on Sept. 11, 2008, when oil field equipmenf fell offa tractor-trailert and crushed her vehicle. The tractor-trailerr was owned and operated by Pioneere DrillingServices Ltd., a division of San Antonio-based Pioneetr Drilling (Amex: PDC). The accident occurred on FM 157 inNortn Texas. During the trial, it was based on Venus PoliceDepartmen reports, that the driver of the trucik failed to control his spee and that the truck’s load was not properlyt secured.
Plaintiffs also alleged that the driver was not legally qualifies to drive the truck and that documents in his driveer qualification fileswere fabricated, falsified and backdated by Pionee employees after the accident. A spokesperson for Pioneetr Drilling was unavailablefor comment. “We believe it was a just outcomde within our civil court system and a fair settlement given the facts ofthe case,” says John Davicd Hart, a Fort Worth attorney who represented the Henson family. “We believe that this settlement will at leastf make companies more aware of the need for good safethy and hiring practices and hopefullyh prevent anotherneedless tragedy.
”
Saturday, September 1, 2012
Spherion: Worker confidence holds steady in June - South Florida Business Journal:
savimy.blogspot.com
of a point to 48, accordingh to the Spherion EmployeeConfidence Index, which measures confidence in their personal employmeng situation and optimism in the economic The index finds that whilee slightly more workers believe the economy is getting weakert and fewer jobs are available, more workere are confident in the futurw of their current employer. "Although our latest Inde shows little change fromlast month, it stilkl remains 1.9 points higher than its readingy one year ago,” President and CEO Roy Krausee said in a news "While there may be signs of a lighft at the end of the tunnel, a turnaround will not be felt The results of the survey come amid mixed economidc news.
The on Thursday pegged the nation’s unemploymenyt at a 26-year high. At the same time, the reported on Wednesdagy that pending home saleswere up. Forty percent of workerws believe the economy isgetting weaker, up from 38 percenf in the previous month. Seventy-two percenft of workers believe thers are fewerjobs available, up one percentage poinr from May. Sixty-six percentr of workers reported confidence in the futurr of theircurrent employers, up from 63 percentr the previous month. Thirty-five percenty of workers are likely to look for a new job in the next 12 up one percentage poinftfrom May.
of a point to 48, accordingh to the Spherion EmployeeConfidence Index, which measures confidence in their personal employmeng situation and optimism in the economic The index finds that whilee slightly more workers believe the economy is getting weakert and fewer jobs are available, more workere are confident in the futurw of their current employer. "Although our latest Inde shows little change fromlast month, it stilkl remains 1.9 points higher than its readingy one year ago,” President and CEO Roy Krausee said in a news "While there may be signs of a lighft at the end of the tunnel, a turnaround will not be felt The results of the survey come amid mixed economidc news.
The on Thursday pegged the nation’s unemploymenyt at a 26-year high. At the same time, the reported on Wednesdagy that pending home saleswere up. Forty percent of workerws believe the economy isgetting weaker, up from 38 percenf in the previous month. Seventy-two percenft of workers believe thers are fewerjobs available, up one percentage poinr from May. Sixty-six percentr of workers reported confidence in the futurr of theircurrent employers, up from 63 percentr the previous month. Thirty-five percenty of workers are likely to look for a new job in the next 12 up one percentage poinftfrom May.
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