afanasenkobexa.blogspot.com
for an explanation of these • Akron -- Start: $38,637 Median: $48,896 (42). Peak: $83,503 (21). • Alden -- Start: $35,680 (48). $49,442 (37). Peak: $87,263 (5). • Amherst -- $37,650 (21). Median: $51,683 (22). Peak: $84,642w (17). • Buffalo -- Start: $33,90 (70). Median: $50,100 (28). Peak: $73,943 • Cheektowaga -- Start: $36,626 (35). Median: $46,526 (63). Peak: $84,957 • Cheektowaga-Maryvale -- Start: $37,629 Median: $52,690 (18). $88,130 (4). • Cheektowaga-Sloanh -- Start: $39,720 (11). $56,836 (11). Peak: $86,816 (6). Clarence -- Start: $36,575 Median: $50,918 (24). Peak: $83,516 (20). • Clevelanr Hill -- Start: $34,390 (61).
$45,868 (68). Peak: $78,881 • Depew -- Start: $37,489 (23). Median: $45,079 Peak: $89,170 (3). • East Aurora -- Start: $33,640 (79). Median: $45,266 (72). Peak: $79,5412 (39). • Eden -- Start: $33,675 (76). $47,715 (52). Peak: $78,9734 (40). • Evans-Brant -- Start: $37,9765 (19). Median: $53,383 (15). Peak: $85,398 (12). Frontier -- Start: $34,000 (65). $47,570 (54). Peak: $82,193 (25). • Grand Islanc -- Start: $40,068 (8). Median: $61,235 (3). $91,390 (1). • Hamburg -- Start: $34,000 (65). Median: $45,718 Peak: $78,602 (44). • Holland -- $33,670 (77). Median: $47,485 (55). Peak: $81,000 • Iroquois -- Start: $33,750 (72).
Median: $48,509 (45). Peak: $82,000 (28). • Kenmore-Tonawanda -- $36,289 (37). Median: $57,654 (9). Peak: $85,703 (9).
Saturday, March 31, 2012
Thursday, March 29, 2012
Solving California budget crisis gets $3B harder at midnight - Los Angeles Business from bizjournals:
humojo.wordpress.com
That's because the planw by both Democratic leadersand Gov. Arnolx Schwarzenegger include about $3 billion in spendinv cuts in the 2008-09 fiscal year that ends If those cuts are rolleed over into the newfiscal year'as budget, the state's constitutional funding requirements would have to be suspended and $10 billion expected from the federak stimulus package would be lost. There appears to be little chance that a compromise on how to solvwea $24.3 billion budget will be made befores the midnight deadline.
That is expectede to result inabout $3 billion in IOUs are expectec to be sent out in July to everyone from state contractors to college students, welfare recipients and low-income seniors. The Californi Senate on Monday approved a budget plan that the state Assemblyh passedSunday night. Gov. Arnold however, has vowed to veto that which Republicans say they will fight on the groundas that it unconstitutionally raises taxez without therequired two-thirds vote.
"I will veto any majority-vote tax increasse bill that punishes taxpayersdfor Sacramento's failure to live within its means," Schwarzeneggerd said after the Senate vote on
That's because the planw by both Democratic leadersand Gov. Arnolx Schwarzenegger include about $3 billion in spendinv cuts in the 2008-09 fiscal year that ends If those cuts are rolleed over into the newfiscal year'as budget, the state's constitutional funding requirements would have to be suspended and $10 billion expected from the federak stimulus package would be lost. There appears to be little chance that a compromise on how to solvwea $24.3 billion budget will be made befores the midnight deadline.
That is expectede to result inabout $3 billion in IOUs are expectec to be sent out in July to everyone from state contractors to college students, welfare recipients and low-income seniors. The Californi Senate on Monday approved a budget plan that the state Assemblyh passedSunday night. Gov. Arnold however, has vowed to veto that which Republicans say they will fight on the groundas that it unconstitutionally raises taxez without therequired two-thirds vote.
"I will veto any majority-vote tax increasse bill that punishes taxpayersdfor Sacramento's failure to live within its means," Schwarzeneggerd said after the Senate vote on
Tuesday, March 27, 2012
Kannapolis honored for economic strategy - Boston Business Journal:
asabcitxit.blogspot.com
The city received the award in the category of Excellencew in EconomicDiversification Strategies, whicj recognizes responses to plant closures and othe economic dislocations, that promote economifc diversification. The competition is open to nonprofits; state and regional governments; and universitiesx and colleges. Cabarrus and Rowan counties lost 4,30o0 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researchh Campus at the 350-acred former Pillowtex headquarters andmanufacturing site. The life-sciences hub includee the participation of Duke theUNC System, the N.C.
Community College System, othe educational institutions andbusiness partners. The totapl investment is expected toreach $1.8 Residential and commercial developments are risingy around the campus with hopes of turninh Kannapolis, a former textile town, into a biotechg center.
The city received the award in the category of Excellencew in EconomicDiversification Strategies, whicj recognizes responses to plant closures and othe economic dislocations, that promote economifc diversification. The competition is open to nonprofits; state and regional governments; and universitiesx and colleges. Cabarrus and Rowan counties lost 4,30o0 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researchh Campus at the 350-acred former Pillowtex headquarters andmanufacturing site. The life-sciences hub includee the participation of Duke theUNC System, the N.C.
Community College System, othe educational institutions andbusiness partners. The totapl investment is expected toreach $1.8 Residential and commercial developments are risingy around the campus with hopes of turninh Kannapolis, a former textile town, into a biotechg center.
Sunday, March 25, 2012
Spectrum Brands to exit Ch. 11 in August - Nashville Business Journal:
badillodacyroic1505.blogspot.com
The Atlanta-based consumer products company said it will exit bankruptc y protection as soon as all closing conditions tothe plan, includiny the closing of the company’s exit have been met. That will likely be in August, the compangy said. “When we emerge, we will have reducex our subordinated debtby $840 million and eliminated approximately $60 million of annual cash interest expensea for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared statement. “We will emerge with a strongef balance sheet that will bettetr position us to maintain and strengthejn our current platform and to pursue opportunitiesx to growour company.
” Spectrumj Brands and its U.S. subsidiaries filed for Chaptere 11 inthe U.S. Bankruptcy Court for the Westermn Districtof Texas, San Antonio Divisiob on Feb. 3. It had $4.4 billion in debt. Spectrum makes Rayovac batteries, Tetrq pet supplies, Remington shaving and grooming and personaolcare products, household insecticides and lawn and garden care
The Atlanta-based consumer products company said it will exit bankruptc y protection as soon as all closing conditions tothe plan, includiny the closing of the company’s exit have been met. That will likely be in August, the compangy said. “When we emerge, we will have reducex our subordinated debtby $840 million and eliminated approximately $60 million of annual cash interest expensea for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared statement. “We will emerge with a strongef balance sheet that will bettetr position us to maintain and strengthejn our current platform and to pursue opportunitiesx to growour company.
” Spectrumj Brands and its U.S. subsidiaries filed for Chaptere 11 inthe U.S. Bankruptcy Court for the Westermn Districtof Texas, San Antonio Divisiob on Feb. 3. It had $4.4 billion in debt. Spectrum makes Rayovac batteries, Tetrq pet supplies, Remington shaving and grooming and personaolcare products, household insecticides and lawn and garden care
Friday, March 23, 2012
General Assembly panels approve State Center project - Washington Business Journal:
kittredgeihuhyla1951.blogspot.com
billion State Center redevelopment in Baltimore Citymove forward, despite lingering concerns about the project’s finances and impact on Maryland’as ability to borrow money. The Senate Budget and Taxatiohn Committeevoted unanimously, but with some to endorse the State Center which involves leasing 25 acres of land to a private developmen team. The House of Delegates’ Appropriationws Committee indicated it will do the same but did not formallh vote as its Senatre counterparts didThursday afternoon. The project will now go to the state Board of Public Works for a scheduled June 3 The board is ledby Gov.
Martin O’Malley, who supportsx the project and worked closelyh on it while he was mayorof Baltimore. Matthews Gallagher, the governor’s deputy chief of staff, lobbied the Housde and Senate onthe project. “We are at the cusp of a very importangt milestone,” Gallagher said. “The governor’s office is very supportivs of this project and has been involved dating back to our time at the Gallagher told the House during its hearing on the In signing off onthe proposal, the Hous e and Senate legislators insisted on having more oversightf in the redevelopment They also conditioned their approval on seeing input from the , which is familiatr with such large-scale development projects.
A private Stated Center LLC development team was selected in Marcuh 2006 to remake the state officd complex off Martin Luther King As proposed, the developers woulr lease the land from the state, convert the complexd into a $1.4 billion mixed-use development, and then leas e a substantial portion of the project’ws planned 2 million square feet of officee space back to the state for use by its variouw agencies. For the project to move the Board of Public Works must approvde a master development agreement setting the terma for StateCenter LLC.
Once that the developers will then design the first phase of the project and come back to the stat e with specific costs and lease That process would continue througuh each ofthe development’s four phases, expected to take between 10 and 12 yearas to complete. The first phase would focus onthe project’s office When fully developed, the project is slated to includer 1,200 residential rental and for-sale units, 2 millionh square feet of office space, 250,000 square feet of retail spacr and 7,000 parking spaces. Groundbreaking for the project’a first phase could begin in June 2010.
Theitr efforts failed, but the legislature’s budget committees passed a requirement the project be reviewed by statw TreasurerNancy Kopp. The legislature asked Kopp to look specificallyg at an accounting provision of the projectf to determine ifthe state’s leasing of office space from the developers should be considered an operating leaser or a capital lease. If it were deemef a capital lease, that would mean the stat would need to list it on its budget as an asset and a and those costs would be added tothe state’sw overall debt affordability limit — its ability to borros money to finance othet capital projects.
In a May 15 report, Those termes won’t be determined until after the maste r development agreementis approved. But Kopp felt it should be consideref acapital lease, and those costs coulde cause the state to exceerd its debt service limits by 2018.
billion State Center redevelopment in Baltimore Citymove forward, despite lingering concerns about the project’s finances and impact on Maryland’as ability to borrow money. The Senate Budget and Taxatiohn Committeevoted unanimously, but with some to endorse the State Center which involves leasing 25 acres of land to a private developmen team. The House of Delegates’ Appropriationws Committee indicated it will do the same but did not formallh vote as its Senatre counterparts didThursday afternoon. The project will now go to the state Board of Public Works for a scheduled June 3 The board is ledby Gov.
Martin O’Malley, who supportsx the project and worked closelyh on it while he was mayorof Baltimore. Matthews Gallagher, the governor’s deputy chief of staff, lobbied the Housde and Senate onthe project. “We are at the cusp of a very importangt milestone,” Gallagher said. “The governor’s office is very supportivs of this project and has been involved dating back to our time at the Gallagher told the House during its hearing on the In signing off onthe proposal, the Hous e and Senate legislators insisted on having more oversightf in the redevelopment They also conditioned their approval on seeing input from the , which is familiatr with such large-scale development projects.
A private Stated Center LLC development team was selected in Marcuh 2006 to remake the state officd complex off Martin Luther King As proposed, the developers woulr lease the land from the state, convert the complexd into a $1.4 billion mixed-use development, and then leas e a substantial portion of the project’ws planned 2 million square feet of officee space back to the state for use by its variouw agencies. For the project to move the Board of Public Works must approvde a master development agreement setting the terma for StateCenter LLC.
Once that the developers will then design the first phase of the project and come back to the stat e with specific costs and lease That process would continue througuh each ofthe development’s four phases, expected to take between 10 and 12 yearas to complete. The first phase would focus onthe project’s office When fully developed, the project is slated to includer 1,200 residential rental and for-sale units, 2 millionh square feet of office space, 250,000 square feet of retail spacr and 7,000 parking spaces. Groundbreaking for the project’a first phase could begin in June 2010.
Theitr efforts failed, but the legislature’s budget committees passed a requirement the project be reviewed by statw TreasurerNancy Kopp. The legislature asked Kopp to look specificallyg at an accounting provision of the projectf to determine ifthe state’s leasing of office space from the developers should be considered an operating leaser or a capital lease. If it were deemef a capital lease, that would mean the stat would need to list it on its budget as an asset and a and those costs would be added tothe state’sw overall debt affordability limit — its ability to borros money to finance othet capital projects.
In a May 15 report, Those termes won’t be determined until after the maste r development agreementis approved. But Kopp felt it should be consideref acapital lease, and those costs coulde cause the state to exceerd its debt service limits by 2018.
Wednesday, March 21, 2012
Real estate vets opening hardware store - Birmingham Business Journal:
avaohev.blogspot.com
Jeff Pfeil and Deane Pfeil are opening late r this summer at 63Third St., the same addres s where they renovated the upper four floors into 19 luxurty apartments called The Conservatory. The husband-and-wife team -- who own the commercial leasing and marketingfirm Inc. in Saratoga Springs -- say a hardwarre store is needed downtown to servde local businesses and residents who must now travepl miles away to buy equipment andother supplies. They know the frustratio firsthand after doing two residentialo renovation projects inthe city, the Conservatory and Poweres Park Lofts in north Troy. “Our constructionj staff was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinvg to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardware on Congresw Street recently closed after 94 years in business, leavinyg downtown with no other hardware stores. The closesft is across the Hudson Rivedr in Watervliet or uptown near the town of Pfeil Hardware will be part of inFort Wayne, the nation’s second largest hardware The store will be managed by Stevem Lesnewski of Pittsfield, Mass., who has more than 25 yearsa of experience in the hardware industry.
The 8,700-square-foogt store will stock hardware, smalk appliances, fasteners, electrical and plumbing Benjamin Moore paints and other It won’t sell lumber. The Pfeils have been plannin the store for a As part of their research they visited hardward stores in college towns and largde cities to see what kinds of products customers They also searched hard for someone to managethe store. “The decision wasn’t finak until we found the right person,” Pfeiol said. The Pfeils have been in the commerciao real estate and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Because of all the yeards we worked with retailers very closelty we have a prettgy thorough understandingof retail, that’s probably why we neveer went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot ofhard work, long hours and all the thingz that come with it.” they knew from personal experience a hardwarew store is needed and were encouraged by the resultds of their marketing studies. Finding a seasonedx store manager wasalso critical. Mayof Harry Tutunjian cheered the announcemenrt aboutthe store. “Jeff and Deanes Pfeil have a record of succesws in Troy and I am sure that this new venture will succeed as Tutunjian said.
“The residents of Troy will benefit from having a well stockeds urban hardware store in the heart ofthe city.” The openinh of Pfeil Hardware, which is tentatively set for September, will returmn retailing to a downtown building that had long serves as the home of Stanley’e department store. The buildinhg sat empty for years before the Pfeilxs bought it and converted the upper floors into 19 luxur y apartments they call The All but two of the apartments were occupied as ofJuly 1.
The Pfeilz declined to say how much they spenftin start-up costs for the hardware Nor did they want to say how much they coul d have received per square foot had they leased the first flooe space to another tenant. Lease rates in downtowm Troy were $10 to $20 per square foot as of the fourthj quarterof 2008, according to CB Richard
Jeff Pfeil and Deane Pfeil are opening late r this summer at 63Third St., the same addres s where they renovated the upper four floors into 19 luxurty apartments called The Conservatory. The husband-and-wife team -- who own the commercial leasing and marketingfirm Inc. in Saratoga Springs -- say a hardwarre store is needed downtown to servde local businesses and residents who must now travepl miles away to buy equipment andother supplies. They know the frustratio firsthand after doing two residentialo renovation projects inthe city, the Conservatory and Poweres Park Lofts in north Troy. “Our constructionj staff was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinvg to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardware on Congresw Street recently closed after 94 years in business, leavinyg downtown with no other hardware stores. The closesft is across the Hudson Rivedr in Watervliet or uptown near the town of Pfeil Hardware will be part of inFort Wayne, the nation’s second largest hardware The store will be managed by Stevem Lesnewski of Pittsfield, Mass., who has more than 25 yearsa of experience in the hardware industry.
The 8,700-square-foogt store will stock hardware, smalk appliances, fasteners, electrical and plumbing Benjamin Moore paints and other It won’t sell lumber. The Pfeils have been plannin the store for a As part of their research they visited hardward stores in college towns and largde cities to see what kinds of products customers They also searched hard for someone to managethe store. “The decision wasn’t finak until we found the right person,” Pfeiol said. The Pfeils have been in the commerciao real estate and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Because of all the yeards we worked with retailers very closelty we have a prettgy thorough understandingof retail, that’s probably why we neveer went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot ofhard work, long hours and all the thingz that come with it.” they knew from personal experience a hardwarew store is needed and were encouraged by the resultds of their marketing studies. Finding a seasonedx store manager wasalso critical. Mayof Harry Tutunjian cheered the announcemenrt aboutthe store. “Jeff and Deanes Pfeil have a record of succesws in Troy and I am sure that this new venture will succeed as Tutunjian said.
“The residents of Troy will benefit from having a well stockeds urban hardware store in the heart ofthe city.” The openinh of Pfeil Hardware, which is tentatively set for September, will returmn retailing to a downtown building that had long serves as the home of Stanley’e department store. The buildinhg sat empty for years before the Pfeilxs bought it and converted the upper floors into 19 luxur y apartments they call The All but two of the apartments were occupied as ofJuly 1.
The Pfeilz declined to say how much they spenftin start-up costs for the hardware Nor did they want to say how much they coul d have received per square foot had they leased the first flooe space to another tenant. Lease rates in downtowm Troy were $10 to $20 per square foot as of the fourthj quarterof 2008, according to CB Richard
Monday, March 19, 2012
Mortgage rates fall a second week - Baltimore Business Journal:
vishnevskiipavuh.blogspot.com
's weekly report says 30-year fixed-rate mortgages averaged 5.2 percent this week, down from last week's averagde of 5.32 percent. A year ago, 30-year mortgages were averagint 6.37 percent, although rates fell below 5 percent earlierthis year. The nation’s job market is one factot thought to be influencingmortgage “Interest rates for 30-year fixed-rate mortgages fell to the lowest level in six weeks amid markett concerns over a weakening labor said Freddie Mac chief economist Franm Nothaft. “The economy lost 467,000 jobs in more than the market consensus, and the unemployment rate roseto 9.5 the highest since August 1983.
” this week in mortgagew applications, as refinancing activity jumpefd and applications to purchase homes rose to the highestg level in three months. Those with more than one mortgager obligationare struggling. The reported this week that the numbed of home equity loans thatwere 30-days or more delinquent rose to a record high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulg also reached a record of 1.89 percent.
's weekly report says 30-year fixed-rate mortgages averaged 5.2 percent this week, down from last week's averagde of 5.32 percent. A year ago, 30-year mortgages were averagint 6.37 percent, although rates fell below 5 percent earlierthis year. The nation’s job market is one factot thought to be influencingmortgage “Interest rates for 30-year fixed-rate mortgages fell to the lowest level in six weeks amid markett concerns over a weakening labor said Freddie Mac chief economist Franm Nothaft. “The economy lost 467,000 jobs in more than the market consensus, and the unemployment rate roseto 9.5 the highest since August 1983.
” this week in mortgagew applications, as refinancing activity jumpefd and applications to purchase homes rose to the highestg level in three months. Those with more than one mortgager obligationare struggling. The reported this week that the numbed of home equity loans thatwere 30-days or more delinquent rose to a record high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulg also reached a record of 1.89 percent.
Saturday, March 17, 2012
Silicon Valley Bank opens Utah office as disaster-planning move - San Francisco Business Times:
edovogopu.wordpress.com
Such speculation may be occurrinvg as the bank restructures operations to have fewer regiona across the country evenas it's in the procesa of opening a "parallel operations facility" in Salt Lake "We recently reorganized teams within our commerciap banking group," said spokeswoman Carrie Merritt. "In the Bay fewer than five jobs were TheSanta Clara-based bank, the primaru subsidiary of , employs more than 800 in a majority of them in the Bay The bank also has 70 job openingds in the state, with 61 of thos e positions based in the Bay The Utah initiative is part of Silicon Vallehy Bank's strategy to keep the bank up and runningy in the event of a big disaster.
"With the openinhg of this facility in Salt Lake we are ensuring that we can performj all essentialfunctions independently, even if our resources in othef parts of the country are temporarily or permanently disabled," Lynda Ward Pierce, head of the bank' s human resources, said in announcing the Utah But in the highly competitive worlx of banking, tongues have been wagging that talk of busineses continuity was just a covee for relocating back-office work to lower-cosf Utah. Not so, the bank says. "Silicon Valley Bank is not havingg any reductionin force, nor are we laying peopl e off and moving jobs to Merritt said.
"We actually projec job growth inCalifornia -- and specifically in the Bay Area -- in Despite the many challenges facing Visa USA, 2005 was a very good year for the San Franciscoo card association. Visa saw salee volume on its cardsexceed $1.2 trilliohn in 2005, a 17.5 percent rise from 2004. That pace surpasserd Visa's growth rate during the previousdfive years. Debit card growth continued at abrisi pace, up 18.7 percent to a record $410.5t billion, while consumer credit card volume rose 8.6 percenyt to $563.5 billion. Smaller categories, relativelgy speaking, saw robust growth. Commercial card volumwe rose 25.7 percent to $142.3 billion and online debitt (Interlink) rose 65.
7 percent to $112.4 The San Francisco card association saw a decline in fraudulentr card usage as a percentage of spending keeping it nearan all-time low of six cente per $100 spent. Visa's volume last year in what the firm like s to call newand emerging-market segments -- fast-foods restaurants, government agencies, business-to-businesss and bill payment -- increasee 26.4 percent over 2004 to almost $198 To help foster growth in these new Visa unveiled an aggressive strategy to accelerate acceptance and usagwe at traditionally cash-heavy, smaller-ticket businesses. Visa's volume under $25 in the smal ticket segments targeted in 2005totaled $17 up 62 percent from 2004.
In Visa will double its list of targeted markett segments todrive small-ticket payment growth further. The controversy over foreigj ownershipof U.S. port assetsd could be a case of America shootinv itself in the Atleast that's the take-away from a receng analysis by Joseph Quinlan, chief market strategist for the investment strategiess group at . "When it comes to ownershipo offoreign assets, corporate America enjoys a sizable advantage over its counterpartse in the rest of the world," Quinlaj said. America's overseas investment position was valuedat $2.
1 trillionn in 2004, about 35 percent larger than the valuw of total foreign investment in the United according to the Bureau of Economi c Analysis. It is no surpriswe that America's total overseas investment position has soaredsince 1990. It has grown in tandej with the collapse of communismj and the subsequent opening of the formerfSoviet bloc, as well as with China'zs economic takeoff and market reforms in Latin America and India. "Our primary fear is that the screeniny of foreign direct investment coming into the Unite States could become a highlypoliticized process," he said.
"Ifc Congress gains an upper hand in how foreign dealsz are reviewedand approved, the effect could encourager foreign investors to shop elsewhere and/or trigger a retaliatort backlash against U.S. firms making strategic acquisitions abroad."
Such speculation may be occurrinvg as the bank restructures operations to have fewer regiona across the country evenas it's in the procesa of opening a "parallel operations facility" in Salt Lake "We recently reorganized teams within our commerciap banking group," said spokeswoman Carrie Merritt. "In the Bay fewer than five jobs were TheSanta Clara-based bank, the primaru subsidiary of , employs more than 800 in a majority of them in the Bay The bank also has 70 job openingds in the state, with 61 of thos e positions based in the Bay The Utah initiative is part of Silicon Vallehy Bank's strategy to keep the bank up and runningy in the event of a big disaster.
"With the openinhg of this facility in Salt Lake we are ensuring that we can performj all essentialfunctions independently, even if our resources in othef parts of the country are temporarily or permanently disabled," Lynda Ward Pierce, head of the bank' s human resources, said in announcing the Utah But in the highly competitive worlx of banking, tongues have been wagging that talk of busineses continuity was just a covee for relocating back-office work to lower-cosf Utah. Not so, the bank says. "Silicon Valley Bank is not havingg any reductionin force, nor are we laying peopl e off and moving jobs to Merritt said.
"We actually projec job growth inCalifornia -- and specifically in the Bay Area -- in Despite the many challenges facing Visa USA, 2005 was a very good year for the San Franciscoo card association. Visa saw salee volume on its cardsexceed $1.2 trilliohn in 2005, a 17.5 percent rise from 2004. That pace surpasserd Visa's growth rate during the previousdfive years. Debit card growth continued at abrisi pace, up 18.7 percent to a record $410.5t billion, while consumer credit card volume rose 8.6 percenyt to $563.5 billion. Smaller categories, relativelgy speaking, saw robust growth. Commercial card volumwe rose 25.7 percent to $142.3 billion and online debitt (Interlink) rose 65.
7 percent to $112.4 The San Francisco card association saw a decline in fraudulentr card usage as a percentage of spending keeping it nearan all-time low of six cente per $100 spent. Visa's volume last year in what the firm like s to call newand emerging-market segments -- fast-foods restaurants, government agencies, business-to-businesss and bill payment -- increasee 26.4 percent over 2004 to almost $198 To help foster growth in these new Visa unveiled an aggressive strategy to accelerate acceptance and usagwe at traditionally cash-heavy, smaller-ticket businesses. Visa's volume under $25 in the smal ticket segments targeted in 2005totaled $17 up 62 percent from 2004.
In Visa will double its list of targeted markett segments todrive small-ticket payment growth further. The controversy over foreigj ownershipof U.S. port assetsd could be a case of America shootinv itself in the Atleast that's the take-away from a receng analysis by Joseph Quinlan, chief market strategist for the investment strategiess group at . "When it comes to ownershipo offoreign assets, corporate America enjoys a sizable advantage over its counterpartse in the rest of the world," Quinlaj said. America's overseas investment position was valuedat $2.
1 trillionn in 2004, about 35 percent larger than the valuw of total foreign investment in the United according to the Bureau of Economi c Analysis. It is no surpriswe that America's total overseas investment position has soaredsince 1990. It has grown in tandej with the collapse of communismj and the subsequent opening of the formerfSoviet bloc, as well as with China'zs economic takeoff and market reforms in Latin America and India. "Our primary fear is that the screeniny of foreign direct investment coming into the Unite States could become a highlypoliticized process," he said.
"Ifc Congress gains an upper hand in how foreign dealsz are reviewedand approved, the effect could encourager foreign investors to shop elsewhere and/or trigger a retaliatort backlash against U.S. firms making strategic acquisitions abroad."
Thursday, March 15, 2012
School's fate hotly debated - Santa Rosa Press Democrat
lehoquvuhu.wordpress.com
School's fate hotly debated Santa Rosa Press Democrat Parents and supporters of Doyle Park Elementary School cheer speakers for their cause at a meeting of the Santa Rosa School Board on Wednesday night. By MARTIN ESPINOZA The Santa Rosa school board was meeting Wednesday night to consider closing Doyle ... |
Tuesday, March 13, 2012
Farming communities facing crisis over nitrate pollution, study says - msnbc.com
cahijisebi.wordpress.com
msnbc.com | Farming communities facing crisis over nitrate pollution, study says msnbc.com By Stett Holbrook Nitrate contamination in groundwater from fertilizer and animal manure is severe and getting worse for hundreds of thousands of residents in California's Central Valley farming communities, according to a study released Tuesday by ... |
Sunday, March 11, 2012
Communications firm on an upswing, but there is
vidineevostegity.blogspot.com
“I have a nagging fear that says ther may be onemore dip,” Welsj said. “But things feel a lot better than they did earlieer inthe year.” For her, the turnarouned came near the end of the firstt quarter, when clients who had postponed projects gave the green light to go For instance, a national coalition that she declined to identify had hiredr Executive Communications to help it recruit The work was slated to start in January, but it just now is gettinbg under way. Along with existing clients resuming projects, Executive Communications has seen a significant jump in inquirieds aboutnew business.
The companyg is in talks with 10 to 12 potential clients about dealws that could be finalized in the next 30 to 60 In comparison, Welsh said, there were only two or three pendintg deals during a very slow periode at the end of 2008 and in earlh 2009. The uptick in business has led Executivew Communications to ramp upits staff. The companyy had eliminated its temporary staff in the fourth quarter of 2008 and was operating with a total of 18permanent employees, includingf 10 full-time call associates. Now, its employmenr has returned to 38 workers as both temporary and permaneny call associates have comeon board.
Amy Broadhurst, vice presideny and general manager ofExecutive Communications, said another economicv indicator has been the quality of the job candidates she has reviewerd in the past coupls of months. The company traditionally receives résumés from collegse students and teachers lookingfor part-timw work in the summer. In addition to those people, Broadhurst said, Executive Communications alsoreceived résuméss from people who were overqualified for the For instance, business owners and commissioned sales representatives who had seen a decline in theirr business were looking for supplemental incomd to make up the difference.
There now are fewer of those typesof candidates, Broadhursyt said. But Executive Communications has continued to attract more maturapplicants — people who are returningg to the work force or are simply in searc h of a better-paying job. “We’ve actually benefited in this recession” in termsd of attracting talent, she added.
“I have a nagging fear that says ther may be onemore dip,” Welsj said. “But things feel a lot better than they did earlieer inthe year.” For her, the turnarouned came near the end of the firstt quarter, when clients who had postponed projects gave the green light to go For instance, a national coalition that she declined to identify had hiredr Executive Communications to help it recruit The work was slated to start in January, but it just now is gettinbg under way. Along with existing clients resuming projects, Executive Communications has seen a significant jump in inquirieds aboutnew business.
The companyg is in talks with 10 to 12 potential clients about dealws that could be finalized in the next 30 to 60 In comparison, Welsh said, there were only two or three pendintg deals during a very slow periode at the end of 2008 and in earlh 2009. The uptick in business has led Executivew Communications to ramp upits staff. The companyy had eliminated its temporary staff in the fourth quarter of 2008 and was operating with a total of 18permanent employees, includingf 10 full-time call associates. Now, its employmenr has returned to 38 workers as both temporary and permaneny call associates have comeon board.
Amy Broadhurst, vice presideny and general manager ofExecutive Communications, said another economicv indicator has been the quality of the job candidates she has reviewerd in the past coupls of months. The company traditionally receives résumés from collegse students and teachers lookingfor part-timw work in the summer. In addition to those people, Broadhurst said, Executive Communications alsoreceived résuméss from people who were overqualified for the For instance, business owners and commissioned sales representatives who had seen a decline in theirr business were looking for supplemental incomd to make up the difference.
There now are fewer of those typesof candidates, Broadhursyt said. But Executive Communications has continued to attract more maturapplicants — people who are returningg to the work force or are simply in searc h of a better-paying job. “We’ve actually benefited in this recession” in termsd of attracting talent, she added.
Friday, March 9, 2012
"Simpsons" publicity stunt brings free parking to downtown Albany for a day - The Business Review (Albany):
http://ppc10964.org/cepted_His_father_he_states_faced_the_same.html
on Tuesday. The doughnuts are a publicityh stunt courtesy of the producersof "The Simpsons who are springing for free parkin g Tuesday on North Pearl Street between Maide n Lane and Columbia Street from 8 a.m. to 5 p.m. for the uninitiated, are one of Homer Simpson's favorite treats (along with anything else edible). The which generated more than $500 million since its releaswe overthe summer, is available on DVD and Blu-Ray Disc (BD) beginninfg Tuesday. Several businesses are also gettinvg intothe act. at 75 N. Pearl St. will be givingb a $10 gift card on any $100 at 63 Columbia St. is selling burritos for $5 all day; at 59 N. Peark St.
is giving a $5 game card free to the firstg100 patrons; at 54 Columbiq St. and 99 Washington Ave. is giving 50 perceny off haircuts for new customers and at71 N. Pearl Stree has special discounts onvarious
on Tuesday. The doughnuts are a publicityh stunt courtesy of the producersof "The Simpsons who are springing for free parkin g Tuesday on North Pearl Street between Maide n Lane and Columbia Street from 8 a.m. to 5 p.m. for the uninitiated, are one of Homer Simpson's favorite treats (along with anything else edible). The which generated more than $500 million since its releaswe overthe summer, is available on DVD and Blu-Ray Disc (BD) beginninfg Tuesday. Several businesses are also gettinvg intothe act. at 75 N. Pearl St. will be givingb a $10 gift card on any $100 at 63 Columbia St. is selling burritos for $5 all day; at 59 N. Peark St.
is giving a $5 game card free to the firstg100 patrons; at 54 Columbiq St. and 99 Washington Ave. is giving 50 perceny off haircuts for new customers and at71 N. Pearl Stree has special discounts onvarious
Wednesday, March 7, 2012
Boeing sells first Super Hornet to foreign military - St. Louis Business Journal:
tenamup.wordpress.com
The order will generate about $1.3 billion in or about $51 million per plane, for Boeing’s St. Louis-based division. But software upgrades, maintenance and trainingh services provided by Boeing are expected to bring the totakl price tagto $2 billion. The F/A-18F delivered Wednesday is the firstr Super Hornet to be sold to aforeigm military. Boeing IDS is competing for ordersx to supplysimilar F/A-18s to India, Greece, Brazil and which combined are in the market for up to 306 fightedr planes.
Wednesday’s ceremony at Boeing’s IDS headquarterzs in Berkeley included video presentations and remarks by Bob vice presidentof F/A/-18 programs at Boeing; Georgse Roman, vice president of IDS government IDS President and Chief Executive Jim St. Louis Mayor Francis Slay; Rear Admiralp David Philman, director of air warfarse for the ; and Air Marshalk Mark Binskin, chief of the Royal AustralianAir Force. Hundreds of people, including Boeing suppliers and local economic development wereon hand. Boeing IDS is the second-largest employe in the region and the stat eof Missouri, with 16,00o0 workers. It posted revenue of $32.21 billion last year.
The F/A-18 program involvee 5,000 local Boeing employees, 304 supplied companies in Missouriand Illinois, and provides the region with an estimated economic impact of more than $1
The order will generate about $1.3 billion in or about $51 million per plane, for Boeing’s St. Louis-based division. But software upgrades, maintenance and trainingh services provided by Boeing are expected to bring the totakl price tagto $2 billion. The F/A-18F delivered Wednesday is the firstr Super Hornet to be sold to aforeigm military. Boeing IDS is competing for ordersx to supplysimilar F/A-18s to India, Greece, Brazil and which combined are in the market for up to 306 fightedr planes.
Wednesday’s ceremony at Boeing’s IDS headquarterzs in Berkeley included video presentations and remarks by Bob vice presidentof F/A/-18 programs at Boeing; Georgse Roman, vice president of IDS government IDS President and Chief Executive Jim St. Louis Mayor Francis Slay; Rear Admiralp David Philman, director of air warfarse for the ; and Air Marshalk Mark Binskin, chief of the Royal AustralianAir Force. Hundreds of people, including Boeing suppliers and local economic development wereon hand. Boeing IDS is the second-largest employe in the region and the stat eof Missouri, with 16,00o0 workers. It posted revenue of $32.21 billion last year.
The F/A-18 program involvee 5,000 local Boeing employees, 304 supplied companies in Missouriand Illinois, and provides the region with an estimated economic impact of more than $1
Sunday, March 4, 2012
Creative Loafing COO Kirk MacDonald heads back to Denver - Business First of Columbus:
axilecyqih.wordpress.com
MacDonald will take over as executiv e vice presidentfor sales, marketing and digital sales for the , the one-time partnership group that included the and until the lattefr folded last February, accordingv to the Chicago Reader . MacDonald joines Creative Loafing in 2006 after resigning as chiedf executive officer of the Denver Newspapeer Agency but continued to live in Denvef instead of relocating toCreative Loafing’ headquarters in Tampa.
In September 2008 he becamw publisher of the ChicagolReader , relocating there, around the same time Creative Loafin g filed for protection from its creditors usintg Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive Ben Eason, will temporarily take over the role of chief operating officer. The company spent the firsty part of the year in a bitter battlewith , whicyh it owes $31 million that was used to purchass the Chicago Reader and in the District of Columbiqa in 2007. Atalaya had sought to gain controkl of the alternative weekly newspaper publisher but lost that bid in Marcu when a judge in Tampa sidefdwith Eason.
Creative Loafing had until Tuesdat to file any amendments to its most recentg plan of organization filedMay 11. Among the issues addressed under thenew plan, a new group consisting of — which Creative Loafing owed $10 million to just before the bankruptchy filing — and Eason will purchase stocl in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinr contribution to lease 14,000o square feet of commercialo space in Atlanta for six years valued at $196,0009 annually that will be used for Creative Loafing Atlantza Inc., according to bankruptcy court documents.
Aftetr that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilw another $1 million will be used for supplemental funding for Creativse Loafing’s ongoing business. Any remaining money will be paid to thosee holdingspecific claims, including outstandiny loans made to the company. Creative Loafing has publicationszin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationof 425,000.
MacDonald will take over as executiv e vice presidentfor sales, marketing and digital sales for the , the one-time partnership group that included the and until the lattefr folded last February, accordingv to the Chicago Reader . MacDonald joines Creative Loafing in 2006 after resigning as chiedf executive officer of the Denver Newspapeer Agency but continued to live in Denvef instead of relocating toCreative Loafing’ headquarters in Tampa.
In September 2008 he becamw publisher of the ChicagolReader , relocating there, around the same time Creative Loafin g filed for protection from its creditors usintg Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive Ben Eason, will temporarily take over the role of chief operating officer. The company spent the firsty part of the year in a bitter battlewith , whicyh it owes $31 million that was used to purchass the Chicago Reader and in the District of Columbiqa in 2007. Atalaya had sought to gain controkl of the alternative weekly newspaper publisher but lost that bid in Marcu when a judge in Tampa sidefdwith Eason.
Creative Loafing had until Tuesdat to file any amendments to its most recentg plan of organization filedMay 11. Among the issues addressed under thenew plan, a new group consisting of — which Creative Loafing owed $10 million to just before the bankruptchy filing — and Eason will purchase stocl in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinr contribution to lease 14,000o square feet of commercialo space in Atlanta for six years valued at $196,0009 annually that will be used for Creative Loafing Atlantza Inc., according to bankruptcy court documents.
Aftetr that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilw another $1 million will be used for supplemental funding for Creativse Loafing’s ongoing business. Any remaining money will be paid to thosee holdingspecific claims, including outstandiny loans made to the company. Creative Loafing has publicationszin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationof 425,000.
Friday, March 2, 2012
SatCon power inverters showcased in Fla. - Boston Business Journal:
vorotintseyqah.blogspot.com
the largest such development in theUnited States. The Boston-based makerd of utility scale powe inverters for renewable energysystems SATC) supplied four inverters to the ’s solare photovoltaic system. The rooftop installation will producde 1.1 megawatts of power to cut theconvention center’sa energy costs and greenhouse gas emissions. “The Orange Countyh Convention Center installation continues to set the standarsdfor clean, utility grade energy in North said Pete DeGraff, vice presidenyt of sales and marketing at Satcon, in a “The project showcases both Oranged County’s and the statre of Florida’s commitment to solar energy as a reliablde source of power to supply thei energy demands.
We applaud their innovation and are honorex to be a part of this worlcd class team ofindustry leaders.”
the largest such development in theUnited States. The Boston-based makerd of utility scale powe inverters for renewable energysystems SATC) supplied four inverters to the ’s solare photovoltaic system. The rooftop installation will producde 1.1 megawatts of power to cut theconvention center’sa energy costs and greenhouse gas emissions. “The Orange Countyh Convention Center installation continues to set the standarsdfor clean, utility grade energy in North said Pete DeGraff, vice presidenyt of sales and marketing at Satcon, in a “The project showcases both Oranged County’s and the statre of Florida’s commitment to solar energy as a reliablde source of power to supply thei energy demands.
We applaud their innovation and are honorex to be a part of this worlcd class team ofindustry leaders.”
Subscribe to:
Posts (Atom)