Thursday, September 30, 2010
Get Smart: Garcia Automotive to sell snazzy, teeny European car - New Mexico Business Weekly:
Wedged between the and boutiques, he and his wife founs a storeselling Smarts. But, to their chagrin, when they tried to buy one, the manage explained it wasn't possible. "Hwe said 'We ship it, you drive it 2,00o0 or 3,000 miles, the car dies, there' s no one to work on it, you put the car in your backyardr and stick flowersin it,'" said who owns in Santa Fe. His wait will soon be The will openthe state's and only, dealership sellinh Smart Cars on Jan. 8. It will be one of 74 Smart dealers across the country openingnext year. The company bought a shoppinvg center next to at 1234Renaissances Blvd. NE, which it is converting into a 10,000-square-foot showroo designed by .
is doing the Although the official opening isin January, Smaryt enthusiasts will be able to test driver a car before Christmas, said Carlos who will manage the new dealership. Garcia has 400 reservations for Smart Cars from around the As part of a national marketing pushlast summer, Garcia offereds test drives of a Smart and the response was overwhelming, he said. createdr an online reservation systemm earlier this year where customeras can log on at andpay $99 to reserve a production model and customize it with trim level and colo preferences. The first ones to place a reservation will be the firstt ones to gettheir cars. Smarts are at about 8.8 feet long and 5.1 feet tall and 5.
1 feet The model rolling out inthe U.S., the is a two-seater. For 2007, its mileagwe rating is 40 miles per gallon inthe city, 45 on the said Ken Kettenbeil, spokesman for Smarrt Car USA. That will drop in 2008 becausee the Environmental Protection Agency is recalculating how mileag eis determined, so it will be 33 in the city and 41 on the "We think it will be the most fuel-efficient gas-powerer car," Kettenbeil said. (That does not include hybrids.) Despitw the size, the model is designed to achievera four-star crash rating in the U.S., accordingh to Smart Car USA. The Smart Fortwl will come in three models, ranging from $11,5909 to $16,590.
And true to its origins, owners will be able to swap out door panelss if they want anew color, althouguh it will be a little more complicated than switchin g your watch band, Kettenbeil Its top speed is about 90 miles per hour. Smart Cars began as a joint ventures between and Swiss company Swatch in theearly 1990s. That partnership fell accordingto , and Mercedes carried through the production. The first Smart hit European streetwin 1998, where Americans, such as Lampert, fell in love with "For some, gas mileage is the main reason, for some it's for some it's strictly the fact that the car is cool and they want said Kettenbeil.
"It's not defined by age or but rather attitudeand lifestyle." Garcia said the Smargt is a "no brainer" for New Mexicok because of the educated community, the thriving arts scener and the number of people who are concerned abou the environment. The factoryt in France, where the car is is built from recyclerd materials and the car is made almost entirely from The Garcia Automotive Grou has ownership or partnerships in 12 dealershipsd in Albuquerque andSanta Fe. But the Smart Car dealership, and a new dealership sellin g scooters that Garcia bought from that will be next to theSmaryt showroom, will allow the company to broade its customer base, Garcia said.
"Customers will be able to buy everythinvg froma $1,500 scooter to a $70,000 he said. "We feel Smart is the biggest thing to hit the country since WorldWar II." After the announcemen t by the in 2006 that it woulxd distribute the Smart Car, about 1,40o0 dealers inquired about selling it, Kettenbeil said, and 300 submitted full From that, Penske chose 74 stores. Kettenbei l said a key criteria for selecting dealerships was thei commitment tocustomer service. Lamper does not plan to replace his Lexus with his new but he said it will be handt for zipping aroundSanta Fe.
"It helps us continue to relive ourItalian experience," he
Wednesday, September 29, 2010
Honda sales plunge 41% in May - Denver Business Journal:
’s American sales arm, , reported on Tuesdauy that the automakersold 98,344 vehicles nationwidew in May. A year ago, demand for fuel-efficient vehicle had sent Honda to a record montbh of salesat 167,99y vehicles. That represents a drop of 41 percent from ayear ago, when pricee at the pump were higher and the automobile industry hadn’ t yet hit crisis mode. Columbuxs Business First reports monthly sales unadjusted for the differencez in the number of sellingt days yearto year. Honda’s sales in May, takingf into account one fewe selling daylast month, fell 39 percent.
Leading the declined in monthly sales for May wasthe company’x flagship division, which saw a 42 percent drop in sales at 88,8745 vehicles. Its luxury Acura division saw salesz fall 36 percentto 9,460 vehicles. Honda sales in the first five months of the year fell 34 percentfto 430,358 vehicles, comparedr with 655,819 a year ago. That accounts for a 34 percent drop in Honda salesat 387,556 vehicles and a 35 percentt decline in Acura sales at 42,802. Marysville-based employds more than 12,000 workers at assembly and engined plants in and aroundCentral Ohio, where they produce Hondsa Accords, Civics, CR-Vs, Elements and Acuraa TLs and RDXs.
Monday, September 27, 2010
Oncor seeks $300M in stimulus funds - Denver Business Journal:
Oncor will apply for the funds throughu the American Recovery and Reinvestment Actof 2009. The deadline to applyg is Aug. 6. Citing data from the Counci l ofEconomic Advisers, Oncor believes the stimulus funds would support the creation of 1,6090 jobs in 2010. If the fundin g is approved, Oncor will spend the money to deploy moresmart switches, which will help the energh company isolate problems in neighborhoodas and reconfigure power lines. Othedr enhancements will include controlling the feeder voltagr throughthe company’s capacitor control and enhancements that will help the electric provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizeedunder Oncor’s proposed plan. Oncor also is aiming to improvew itstelecommunications network, an improvemenyt that will enhance the company’s power “Oncor’s vision for a modern, interactive, intuitive electric grid is tangible and happening said Oncor Chairman and CEO Bob Shapard. “Outr first considerations in seeking these stimulue grants are whether the funds will help consumerw lower their electric bills or advance smartr grid initiatives to improve serviceand reliability. That’zs where we have focused our attentionand energy.
”
Sunday, September 26, 2010
Young Brothers squares off against yet another competitor - Pacific Business News (Honolulu):
It also promises to be one of the most politicalluy chargedfights — involving officials, businesses and communitg activists — since the clashews over the Hawaii Superferry. Young Brothers says Pasha’sw proposal to compete directly at ports in Hilo and Kahului willhave “a significant negativee impact” on Young Brothers and “thd regulated intrastate shipping industry as a whole.
” But Pasha (pronounce PAY-sha), a California-based carrier that shipas autos, military and construction equipment from San Dieglo to Oahu, Maui and the Big says interisland customers want a With its business primarily coming from shippinbg cars to and from the and with Hawaii auto sales down 30 Pasha also seeks new While the brief entry of the Superferru into the profitable Oahu-to-Maui run did only negligible damage to Youngb Brothers’ bottom line, it drew attention to the company’s dominance of the interisland cargio business and encouraged calls for more competition.
By playinb the competition-means-better-rates-and-service card, Pasha has receivedd the supportof Gov. Linda Lingle, House Speaker Calvin Say, House Transportatioj ChairmanJoe Souki, executives with Dick Pacifi c Construction and Grace Pacific the Car and Truck Rental Leasing Association of and the U.S. Army. “As an island state, we recognizes the importance of increased surfacw transportation alternatives and the benefit that increaseed competition can offer in the movemen t of cargo and commodities between our Lingle wrote in a lette of supportfor Pasha’s March 13 interisland service application with the state Public Utilities Commission.
But Yount Brothers has support, too, and clearlyh hopes to tap into some of the same passioj of Neighbor Island activiste who helped keep the Superferry out of Kauak and ultimately forced its withdrawalfrom Hawaii. Young Brotherss is pushing for public hearings on all of the NeighbodIslands — including Molokai and Lanai that would presumably draw out the testimonu of loyal Young Brothers customers and activists concernede about the environmental impact of a big transporg ship moving more frequently through the Islands. Amontg Young Brothers’ supporters are Tropical Hawaiian NAPA Distribution Center Hawaii and Alohaq ContainerSales & Rental.
And three monthsa after writing letters of supporyfor Pasha, legislators Say and Souki wrote a letter saying they supporg public hearings on the application. In an April 27 letterr to the PUC, Senate President Colleen Hanabusa andsenators J. Kalani English of Maui and Dwight Takamine of the Big Islands said they support hearings becausethey “havee concerns about the type of service to be Along with sister compangy , Young Brothers controls 50 percent of interisland The remainder is shared by Pashas (10 percent), , small shipping operationzs (including, briefly, Hawaii Superferry) and , like Young Brothers, is ownedr by Seattle-based .
Unlike its competitors, Young Brothers is obligated undeer state law to serve allcommercial harbors, even unprofitabler ones on Lanai and Molokai. That’x the crux of the Young Brothersz argumentagainst Pasha. Glenn Hong, Young president and CEO, said Pashas wants to cherry-pick only the most profitable roll-on, roll-off automobiles shipping to the mostpopulous islands. “We want a level playing field,” said Hong, who deemss the dispute “a matter of publidc policy, a matter of If Pasha wants to compete he said, “It must be all or nothing.
”
Friday, September 24, 2010
Thursday, September 23, 2010
French minister in Mali amid hostage standoff - The Associated Press
The Guardian | French minister in Mali amid hostage standoff The Associated Press BAMAKO, Mali รข" France's interior minister is in the West African nation of Mali, where authorities believe al-Qaida-linked militants have brought seven ... Mauritania, Al-Qaeda clash France mobilises to free hostages, believed alive Mauritania kills two civilians in Mali Qaeda raid |
Tuesday, September 21, 2010
Embarq, CenturyTel complete $11.6B deal - Dallas Business Journal:
Buyer (NYSE: CTL) completed its $11.6 billiomn stock and debt purchase ofEmbarq EQ), the companies announced early Wednesday. The combined company, , will be based in La., and potentially have $8 billion in annualo revenue. It has more than 2.1 million broadband customers, 440,000 video subscribers and 7.5 million accesa lines in 33 states. Embarq shareholder s are two-thirds owners of the combined havingreceived 1.37 CenturyTelo shares for each Embarq share they The deal included CenturyTel assuming $5.8 billionn in Embarq debt. The two brands will be convertee graduallyto CenturyLink, a process expecterd to conclude later this year.
“The completion of this mergefr is a significant event forour communities, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advancee networks, the people and the financial stabilityu to deliver the reliable and innovative services that our customers want and We look forward to this excitingy new chapter inour company’s history.” CenturyLink will keep “a significant presence” in the Overland Park area, though that locatiobn wasn’t among the regional operating headquarters Las Vegas; Wentzville, Mo.; Orlando, Wake Forest, N.C.; and La Crosse, Wis.
Embarq now employs aboutf 2,800 in the down from 4,500 when it spun off from (NYSE: S) in 2006. That drop reflectas the sale of Embarq’s logistica unit earlier this year and continual job cuts as the company has attemptefd to keep a lid on costs in anindustry that’sz losing core customers to mobile phones. The recessio n has acceleratedthat trend, and observersd say that could mean deeper and faster cuts than originallu anticipated as the companiezs integrate. By joining, the rural phone companie s expect to saveabout $400 million a year in operatingb and capital expenses by 2011. They expect combined operating cash flow of morethan $4.2 billion and free cash flow of abou t $1.
9 billion. CenturyTel expects to continue its current annual dividendof $2.80 a The combination is expected to add to free cash flow per share in 2010. Shares continue to trade under CenturyTel’s ticker Embarq CEO Tom Gerke will serve as executivre vice chairman of the CenturyLink board and overseed regulatory and governmental relationw andhuman resources. Embarq rankds No. 3 on the Kansasa City BusinessJournal ’s list of area public
Monday, September 20, 2010
Business Analytics Analyst Thomas H. Davenport to Keynote Inaugural Deloitte ... - PR Newswire (press release)
Business Analytics Analyst Thomas H. Davenport to Keynote Inaugural Deloitte ... PR Newswire (press release) Participants will discover ways to distinguish fact from fiction in the area of analytics and explore the ways companies can use analytics to turn ... |
Saturday, September 18, 2010
AMC Entertainment sets deadline on debt buyback - Kansas City Business Journal:
In a filing with the Securities and Exchange theKansas City-based movie theater company said that holders of $238.1 million of the noteas had agreed to proposec amendments in AMC’s offer. The proposed amendments will eliminat almost all the restrictive covenants onthe notes. AMC a previouslt announced private offeringto $600 million in seniof notes due in 2019 and that it expectex net proceeds of about $568.1 million. AMC previously said it would use the proceeds to buythe company’s outstanding $250 million in seniofr notes due in 2012, and for other general corporate On May 22, AMC , compared with a $43.4 million profit the prior year.
Revenue for the year that endede April 2was $2.27 billion, down 2.9 percenft from $2.33 billion the prior year. AMC owns interestsa in 307 theaterswith 4,612 screens in five countries. The compan y is privately held but required to repory to the SEC because some of its debt ispublicly
Friday, September 17, 2010
2009 WNY high school rankings - The Business Review (Albany):
Profiles of the top 25 schools can be reachex by clicking on the names of those schools A breakdown of the rankings for each section of Westerm New York can be accessedby . The followinbg abbreviations havebeen used: CS-Charter School, EMS-Elementary-Middld School, ES-Elementary School, HS-High IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High School, MHS-Middle-Hignh School, MS-Middle School, PS-Primary School, SHS-Senior High VHS-Vocational High School. Each school is followed by the name of the distric that operatesit (if it’s a publix school) or the district where it is locatedx (if it’s a privatwe school). • 1. • 2. • 3. 4. • 5.
• 6. • 7. • 8. • 9. 10. • 11. • 12. • 13. • 14. • 15.
Wednesday, September 15, 2010
Kucera changes management as founder keys on investment - Austin Business Journal:
he didn’t mince telling founder Gerald Kucera during their firstg meeting that he planned to somedayhave Kucera’s job. Ten years later, Spaulding has steppedd into the managing partner role from his position as chiefc operating officer and isa co-owner of Kucera Management. The real estat services company handles the property brokerage and leasing operations of commerciaol real estate company TheKucera Companies. The new role means Spaulding is in chargedof day-to-day operations and business development. The compant is also bringing on real estate veteran Luke Drolet to head its assetgservices group, and it recently hired Nathan Smithn as a tenant representative broker.
Spauldinbg said the 40-employee company will bring on more brokers and support staftf in thenear future. Drolet comes to Kucerq from Yancey-Hausman & Associates, where he has overseenn the Houston-based real estate company’s Austin office for 12 Before his timeat Yancey-Hausman, Drolet was with Trammell Crow in its portfolip management division. “It wasn’ty an easy decision to leave Yancey-Hausman, but the opportunitu to work with one of the strongesrt and most respected commercial real estate firmsin Austin, and work with this which is growing, was a prospect I couldn’t turn Drolet said.
Kucera has said he will focus his time onthe company’s capital investment group. While Kucera’s new title isn’t yet clear, he is not Spaulding said the exact structure and title of the new capital investment group is stillbeing formed. He said Kuceraw has been involved in the capital investmenf businessfor years, and his titlew will “certainly be at the C-level.” “Thi business is my passion, and this companyy has been my life,” Kucera said of the transition. “Thi arrangement enables a smooth, steady and controlled transitiomnfor me, which will benefit our stafv and clients alike.
” Spaulding said the company’z success and steady growth can be partiallg attributed to Gerald Kucera’s success in attractingy international investors to the Austin market in the which allowed Kucera to expand its services to additional clientws outside the U.S. In 2006 the company scored a win when GE Capital Real Estate selectec Kucera to assist withthe acquisition, leasingf and management of its Austin office portfolio. Kuceraw has a roughly 2 million-square-foot properthy management portfolio, about $100 million in exclusivs brokerage listings and anannual $100 millionm real estate transaction volume.
Notable projects includse the development and management of Plaza and brokerage for Great HillsCorporatwe Center.
Tuesday, September 14, 2010
BP and Partners Say Most Victims Not yet Entitled to Sue - ABC News
stv.tv | BP and Partners Say Most Victims Not yet Entitled to Sue ABC News WILMINGTON, Delaware (Reuters) - BP Plc and its partners in the blown-out Gulf well said on Monday that thousands of fishermen, ... BP, partners say most victims not yet entitled to sue |
Monday, September 13, 2010
What is an advantage or disadvantage of using the Internet in your work? - Business First of Louisville:
“You used to have to go to a library and physicallu look through hard copies of resourcez such as booksand journals, he said. “Manhy times the information you were getting wasalreadh outdated, especially in the computer technology “The Internet has transformed that by providing online accessd to all kinds of timely I can now access recent studies or journap articles from my home or It also has changed the way surveyxs are conducted, he said. “It is a lot faster and less expensive to do online surveys and obtaijn research data than to copy and mailpaper surveys,” Wrigh t said. “The information comes back electronically and can be reviewedcmore quickly.
” Diane Tobin, dean of the College of Business and Communications, “There is no question that the Internet has changex the way we teach our Tobin said. “The Internet has alloweds us to enhance our teaching and providexs new opportunities in the way of online classesz forour students.” However, she did point to some “There is an entir e group of young people who’ve grown up communicating online, eithef by e-mail or texting,” she noted.
“Thers is less interpersonal interaction with this type of andpeople don’t develop relationships as they have in the When interfacing only occurs via technology, that personal connectionm is taken away, she said. You can’t pick up on nonverbal cues as you do when you talk with someoner faceto face. Without in-person communication, it becomez easy to misinterpret intentions, she said. “If is creating a whole new slew of emotional andcommunication problems.
” Kyle Barnett, assistant professor, Department of Barnett said the Internety has been a great advantage to him as a professord of television and film studies, a researcherr and as the faculty adviser for studentsz at the campus radio station, which broadcasta solely on the Internet. “Ase a non-traditional radio station, we encourag e our students to use Web radip to spreadthe word,” Barnett “Internet radio has a much greatet reach since anyone can access it and (it) appeals to both local listenera and those far Radio works best as a local medium so the feel and soundd of our station is local.
” Barnettf said the station is popular among Bellarmine alumnio across the country who enjoy the opportunityh to keep in touch with the campuw community and who contribute their own college storieas to the broadcast. David Clifton, associate professor of accountinhand business, Dr. David Clifton said the Internert has changed his role as an educator with the introduction of online courses. “With online courses you becomes more of atour guide,” he said. “Students are not constrained by the wallw or time of traditional classes and can do the work at theireown convenience.
However, it is more difficulr to measure progress and keep students on trackj in an online environmeny unless you provide lotsof assessment. Both studentsw and teachers must be very disciplined to makethis work.” Clifton said he givew more tests and problem-solving and writing assignments to his onlinew students so he can gauge their progress. He also said more studentxs are requesting these classes as they try to further their educatiom while working andraising families.
Saturday, September 11, 2010
Express Scripts launches offering to finance acquisition - Kansas City Business Journal:
billion to help pay for its ’s drug benefit s division. Express Scripts said it would grant the underwritersw an option for 30 days to purchase upto 3.45 millio additional shares of common stock to cover any which would then increase the totalo raised to $1.6 billion. Expressx Scripts said it plans tobuy WellPoint’sz subsidiary using a mixture of $3.27 billion in cash and $1.4 billionj in shares of common stock. Under the acquisitiojn agreement, Express Scripts may also choose to deliver toWellPoint $1.4 billionm in cash. Express Scripts plans to sell bondxs in the near term as part of its plan to financwethe acquisition.
The acquisition is expectedx to close in the late thircd quarter or fourth quarterof 2009. Bel-Ridge, Mo.-baseds Express Scripts (Nasdaq: ESRX) is a pharmact benefits manager that administers prescription drug programs forhealtjh plans, government and corporations.
Friday, September 10, 2010
Phil Mickelson and the 10 Most Fan-Friendly Golfers on the PGA Tour - Bleacher Report
Bleacher Report | Phil Mickelson and the 10 Most Fan-Friendly Golfers on the PGA Tour Bleacher Report As much the tens of the millions across the world still love Tiger, one thing he's never been is fan-friendly. Now that we know what kind of man Woods ... |
Wednesday, September 8, 2010
Tesla to open seven showrooms - Kansas City Business Journal:
Stores in New York, Seattle and Chicago will open in late followedby Miami. Tesla’s firsgt European store will open in Londojn laterthis month, followede by Munich and Monaco. The new additions will complementf Tesla’s flagship stores in Northern andSouthernh California, which opened a year ago. Teslqa said it is scouting locationsin D.C., and Toronto. Tesl is the only producer of highway-capabler electric cars in North Americasor Europe. “We are rethinkinfg almost every aspect of theautomobile – from the powertrain to the customer both online and in our stores,” said Teslsa CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The company expects to introduc itssecond car, the Model S in late 2011. It is expected to sell for less than halfthe Roadster’ds price.
Tuesday, September 7, 2010
Sheriff Arpaio: Wilcox investigation goes beyond airport leases - Birmingham Business Journal:
Arpaio said his office received information regarding the leaswe and other business dealings and that his investigation is not related to disputesz with Wilcoxover immigration. Wilcox and her Earl, own El Portal Restaurant in Phoenix and has a concessions contractt with the airport fora Chili’s Too franchiss in Terminal 4. The Maricopa Countgy Sheriff’s Office sent the Phoenix Aviation Departmenf a public records request June 11 askingthe city-run airport to make available lease, sublease and contractin documents related to business entities ownee by the Wilcoxes.
Wilcox did not respond to requestxs for comment from the PhoenixBusinesse Journal, but has told other media that Arpaio is gointg after her because of her opposition to his immigration The sheriff’s office investigation of Wilcox is the latest in a numbedr of fights between Arpaio, Maricopa County Attorney Andrewe Thomas and the Maricopa County Board of Wilcox and Supervisor Don Stapley voted Wednesdayt to block $1.4 million in state money earmarkef for Thomas’s office to enforce immigratio and human smuggling laws. The boardr deadlocked at 2 to 2 on that vote stallin g thestate money.
Supervisor Max Wilson missed the vote becausee of illness and the matter could be Stapley and Wilcox earlier this year tried toblock $1.6 million in state fundingf for Arpaio’s immigration enforcement. Wilcox said the sheriff’as immigration sweeps and policies unfairlyutarget Hispanics. Thomas and Arpaio secured indictments against Stapley last year charging that he failefd to properly disclose business and real estateddevelopment deals.
Stapley denies wrongdoing in that
Sunday, September 5, 2010
Nevada candidate proposes pay-to-speed plan - HULIQ
Nevada candidate proposes pay-to-speed plan HULIQ Highway safety studies have shown that traffic accidents and fatalities both increase as average highway speeds increase. Source: AP. |
Saturday, September 4, 2010
Coast Dairies deal hung up by lawsuit - San Jose Mercury News
Coast Dairies deal hung up by lawsuit San Jose Mercury News DAVENPORT - A decade-long struggle to preserve nearly 7000 acres of coastal bluff and forest along the North ... |
Thursday, September 2, 2010
New Destination D.C. chief hailed as insider - bizjournals Business Travel Guide
Ferguson, whose appointment was announcedJuly 8, replaces Bill Hanbury, who left afte r eight years in the job to lead the of the Nationap Capital Area. Ferguson has spent the past sevej years as senior vice presiden t of convention sales and servicew atDestination D.C., the city’s tourismn and marketing arm. “Ik think it’s great to have someone who knowsthe city’s said Emily Durso, presidenf of the Hotel Association of Washington D.C. “There’s no place in the country like and Elliott knows its strongbassets — and its minor liabilities.” Although a Destinatioj D.C.
committee conducted a nationwide search for anew CEO, Fergusom said his strong customer relations skills were attractive to the “Elliott’s a consummate professional,” said Greg head of the . “He relatexs really well to customers and has just been verysolid throughout. It will be exciting to see his leadershil skills infull bloom.” Ferguson, 43, grew up in the Savannah, Ga., where he began a career. He startede in economic development but gravitated toward He led sales teams at convention and visitorsx bureaus in Savannahand Atlanta. His goals includ reaching out more toelected officials, broadening D.C.
’s attractiomn to international travelers, advocating for more funding and gettinfg the convention center hotel up and His office is working on its marketing plan and budget for fiscaol 2010, which begins in October. Dursl hopes Ferguson’s appointment will leadds to strong relationships betweenn her organization andDestination D.C. “It wasn’t alwayz as close as I’d liked it to have she said.
“But we’ve all focused on the same goal of fillingh thecity — the convention the restaurant industry, the hotel