Thursday, May 31, 2012
Ping, Universal Avionics named top state manufacturers - Silicon Valley / San Jose Business Journal:
The awards, given out Friday, dubbed Phoenix-based Ping as manufacturer of the yearand Tucson-baser Universal Avionics as the small manufacturer of the year. “Thias year’s winners exemplify dedication to productt innovation and a commitment to the state of saidMark Dobbins, chairman of the AMC and vice chair of the Arizonqa Chamber of Commerce and Industry. Ping, which has become a leader in golf club is celebrating 50 years of The company has been innovating in golf design since Karsten Solheim developed the first Ping putter in hisRedwooed City, Calif., garage, taking the name from the sound the club made when it struckj a ball.
Ping now employs 800 peoplr and is able to developa custom-fit set of clubas within 48-hours of the time an order is Universal Avionics has been in business sincew 1981. Founded by business jet pilot Hubert Naimer, the companhy started out developing flighty management systems for business and transport The company now manufactures a range of avionics systemzs for various aircraft from helicopters tocommerciaol jets. It works througy a network of 224authorized dealers, and its productzs are offered as factory-installedf options on 21 aircraft.
Wednesday, May 30, 2012
Monday, May 28, 2012
Ex-Close wealth boss Mendel to launch insurance company - Citywire.co.uk
Ex-Close wealth boss Mendel to launch insurance company Citywire.co.uk by Annabelle Williams on May 25, 2012 at 10:42 Close Brothers' former wealth management head Steven Mendel is setting up a new insurance company, which aims to capitalise on the popularity of social networking and group buying sites that aim to get ... |
Sunday, May 27, 2012
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Friday, May 25, 2012
Tradebot pumps $500K into Soleran - Kansas City Business Journal:
“Building a business is aboug creating momentum,” said Dave Cummings, a serial entrepreneur and chairmanm ofKansas City-based Tradebot “You need to make decisions so that the businesa can move forward.” Moving forward is something Lenexa-basesd Soleran, which sells a hosted customer-relationshiop management tool, is intent on The company, which has a core team of three, plans to tap the June 26 investmen to hire about nine people this year and accelerated its sales push. “We could sustain at the current level prettuy much indefinitely and continue togrow slowly,” Solera CEO Grady Hawley “But that’s not what we know the product can do.
So we went arounde and more or less trier to find the right partnefr who could do some things like Dave is going to do besidesajust money.”
Thursday, May 24, 2012
Bridge loans will help small firms pay their bills - bizjournals:
Through the program, small businessez that are having trouble making payments onexistingt non-SBA loans can borrow up to $35,000, The money can be used to make up to six monthzs of payments of principal and interest on small-busineszs debt ranging from mortgages to creditt cards. Small businesses will have one year after the final disbursement of these bridgew loans before they have to start payingthem back. They then will have five years to repatthe loans. The economic stimuluss bill called for the SBA to create the new temporaryyloan program.
The agency will guarantee 100 percent of the amount ofthese America’s Recovery Capitaol loans, which will be made through its networi of private-sector lenders. SBA Administrator Karen Mills said the agency will provider guidance to lenders on the ARC program byJune 8, and will begijn accepting loan packages from lenders June 15. “Wse expect these loans to be in high she said. Tony president and CEO of the National Associatioj of GovernmentGuaranteed Lenders, estimates the approximatelyh $350 million in loans that will be available througyh the program will be used up “rather perhaps in three months. Lenders, however, stillk are awaiting crucial details on the he said.
Only “viable” small businesses will be eligibl to receivethe loans, for example, and the SBA hasn’tg defined viable yet. Plus, the SBA will be subsidizingh the interest onthe loans, and the agench has not told lenders what interest rate they can The SBA will provide these detailsx to lenders June 8, Mills said. In general, she viable small businesses are firms with a track record of successd that are experiencing temporary such asdeclining sales, due to the economicd downturn. They also must present a plan demonstratint they will be able to sustain themselves once they have used up the emergency loan, she said.
Lenders that currentlgy do not participate inthe SBA’s government-guaranteex loan programs will be givem the opportunity to do so. This will enable them to help borrowerx who are behind on their loan andturn past-due loans into loans that are The head of the House Small Businessw Committee wants the Obama administratiobn to help small businesses in the automobile industry’e supply chain as part of its restructuringt efforts. “Little has been done to help small said Rep. Nydia Velazquez, “That’s a big mistake. Cutting entrepreneurs out of the procesds means more setbacks down the especially considering the end goal of thesemeasures — job retention.
” More than 600,000 Americana work for auto industry but that number is dropping on an almosty daily basis. The auto industry’s restructuring “needs to be deep enougu and comprehensive enough to reachsmalk businesses,” Velazquez said. The Treasury Department has createda $5 billion program to help direct supplierx of finished products to General Motors and Chrysler by guaranteeingy their receivables. But second- and third-tier auto industry suppliers, who sell equipment and raw materials todirectf suppliers, aren’t eligible for this program.
Many small businesseas in the auto industry already have been forcef to lay off workers due to the downturnb inautomobile production, according to executives from small suppliera who testified before Velazquez’s committee last Many now are worried they won’t get paid for productsa they have already delivered due to Chrysler’e bankruptcy filing and the likelihood that General Motors will followe suit. The Small Business Administratiohnis “carefully calibrating a plan” to provide automobile dealer s with loans for purchasing vehicle SBA Administrator Karen Millx said.
Auto dealers already have benefited fromthe SBA’s decision to make more than 70,000 additionak businesses eligible for its 7(a) loans. The agenc temporarily is allowing lenders to consideera company’s net worth and annuall income as an alternative to its usuakl size standards, which are based on revenue or number of depending on industry. These 7(a) loans will provide needed workingg capital, but auto dealers say they’ree also having trouble getting “floorf plan” loans, which are needed to buy vehiclew from auto manufacturers for sale to the Mills said the SBA will begin allowingits government-guaranteedf loans to be used for vehicler inventory financing in a few weeks.
The Departmeng of Housing and Urban Development has decided toallow first-time home buyers to use the $8,0009 tax credit included in the economic stimulus bill as a down paymentg on their mortgages. Home builders and Realtorsx said the decision should providew a boost to thehousinhg market, since first-time buyers won’tf have to wait until they file their taxes in ordef to benefit from the credit. “The biggest obstacle for first-time buyers is comingt up with adown payment,” said Joe Robson, a home buildet from Tulsa, Okla.
, who chairs the National Association of Home Robson praised HUD Secretary Shaun Donovan for “moving swiftly to help first-timse home buyers to access the tax credit upfront at the time of The timing could not have been bettedr as we are in the midst of the crucial sprin g home-buying season.”
Tuesday, May 22, 2012
USAA launches bank marketing campaign - San Antonio Business Journal:
The new campaign — developed by the Campbell-Ewaled agency in Detroit — will deliver open messages aboutthe company’s ability to provided banking, insurance and investment services. It will also showcase the company’sw top-rated subsidiary, its value proposition and stronvfinancial performance. While many banks reported huge losses in the bank returnedan after-tax profit of $188 million. It also returnedc $368 million in ATM surchargse rebates, rebates for buying or sellinf a home throughUSAA MoversAdvantage, credit and debiy card rewards and home-equity loan closing costs to its members.
In a preparer statement, USAA president and CEO Joe Robles said the companyh remains strong andis growing. “When other companiexs took government bailouts, we said, ‘No thanl you.’ And as others cut back to surviveethe recession, USAA is stepping forward, without Robles said. San Antonio-based a diversified financial services groupof companies, is amongg the leading providers of financial planning, insurance, and banking products to memberes of the U.S. military and their For the pastthree years, USAA has been ranked among the top two “Customer Service Champs” by BusinessWeek magazine. Web site: usaa.
com
Monday, May 21, 2012
WQED adds 'Multimedia' to moniker - Pittsburgh Business Times:
WQED will be unveiling new corporate logoz for the parent company and variouscorporatse entities, including: public TV station WQED-13; publif radio at 89.3 and 89.7 FM; Pittsburgh magazine; and the WQED Web site. "The changre to WQED Multimedia reflects the progress we have made in integratingh our different divisions into a seamless companty that utilizes and cross promotes all different said GeorgeMiles Jr., president and CEO of The company plans to use the phrase "Stay Connected" in its new logo and brandinv initiative.
The effort will also include a new lookfor WQED'zs "On Q Magazine," "Black Horizons," "QEcD Cooks," Pittsburgh magazine, and other products. The announcement followe a yearlong process to create a new branding packageefor WQED. The board, whicjh held its annual meeting Sept. 26, also announced its plannedf budget. The board's finance committeee recommendeda break-even budgetr for fiscal year 2003, which runs Oct. 1 throughg Sept. 30, 2003. The $23.4 million budge represents a 6.1 percent increase in revenue. It projectsz a positive cash flow for the fifthh year ina row.
The budgety does not include any proceeds from the anticipated saleof
Saturday, May 19, 2012
Car plunges into Port of LA waters, driver grave - Sacramento Bee
89.3 KPCC | Car plunges into Port of LA waters, driver grave Sacramento Bee City fire spokesman Brian Humphrey says the driver is hospitalized in grave condition. Witnesses told authorities the car left the roadway Saturday and landed upside down in the water along Navy Way, which runs through the sprawling port complex. Motorist plunges o ff road into harbor Plunge Off LA Pier Man Dies After Car Plunges Into LA Harbor |
Friday, May 18, 2012
Memphis to host meeting planners June 23-27 - Memphis Business Journal:
The Executive Summit will also attract 100 corporate including American ExpressBusiness Travel, Volkswagen of GMAC and MasterCard Worldwide. These groups will look at Memphis as a possible locationh forfuture events. Cindty and Kevin Brewer, principals of Destination King, the and officials from the Peabodu bid for the event last yearin France. 2009 is the event’es 11th year. “This is a tremendous opportunity for our as everyone attending plans meetings and tripxs fora living,” Cindg Brewer said in a John Oros, executive vice president of the CVB, says the event could be a big revenue generator for the city immediately and in the near possibly bringing in up to $15 million over the next five to seveh years.
“The executives attending this eventf are the event planners for many ofthe world’s top corporations,” Oros said in a statement. “It’se exciting to be able to showcase our city asa destination-of-choicwe for meetings and incentive trips.”
Wednesday, May 16, 2012
Giants Gifted Important Piece of Jewelry - Wall Street Journal
Giants Gifted Important Piece of Jewelry Wall Street Journal After several renderings had been leaked over Twitter in recent weeks, the Giants finally received their Super Bowl XLVI Championship rings, presented to them in a midtown Manhattan ceremony at Tiffany & Co. on Wednesday night. |
Tuesday, May 15, 2012
NASCAR Considers Penalties for Kurt Busch and Ryan Newman's Teams: Fan View - Yahoo! Sports
ESPN | NASCAR Considers Penalties for Kurt Busch and Ryan Newman's Teams: Fan View Yahoo! Sports Contributor Network â" 1 hour 46 minutes ago On May 14, NASCAR admitted that the organization is considering penalties for members of the Kurt Busch and Ryan Newman teams because of the incident at Darlington Raceway. There was an altercation between ... Kurt Busch misbehaves at Darlington Raceway Is Kurt Busch running out of chances after latest controversy? Darlington's drama reviewed |
Sunday, May 13, 2012
Towers Watson to Acquire Extend Health in Move to Expand Retiree Benefit Services - MarketWatch (press release)
SunHerald.com | Towers Watson to Acquire Extend Health in Move to Expand Retiree Benefit Services MarketWatch (press release) NEW YORK & SAN MATEO, Calif., May 13, 2012 (BUSINESS WIRE) -- Towers Watson (NYSE, NASDAQ: TW), a global professional services company, announced today that it has signed an agreement to acquire Extend Health, Inc., which operates the largest priv ate ... Towers Watson Signs Agreement To Acquire Extend Health - Quick Facts |
Saturday, May 12, 2012
7 cos. bid on Aqueduct
It’s the second time that the contract to builed anentertainment “racino” has been bid. An initiao deal collapsed amid the recessionj and restrictedcredit markets. The deadlins to bid again was May 8. Gov. David Senate Majority Leader MalcolmSmith (D-Queens) and Assemblt Speaker Sheldon Silver (D-Manhattan) must agrer on who will get the contract. Morgann Hook, a spokesman for Paterson, said there is no deadlin e for picking thewinning bid. Hook said all parties involvedr “expect to evaluate these proposals over the coming weeks.
” Among the bidders is which had won the contract last year before the deal Delaware North also operates the in the Saratogaa Spa State Park. Saratoga Gaming and Raceway, a simila r “racino” in Saratoga Springs, is involved in Delawars North’s bid. Delaware North’s five-yeadr contract to manage videoo slots at Saratoga Gaming and Racewayended Jan. 28. • • • , a subsidiarhy of , the firm of Las Vegas casin titan SteveWynn • , which is also workinh with Delaware North on its bid • No detailsd about the proposals, or the companies behinc them, were released. Last fall, Gov.
David Patersoh and state legislatorsselected Buffalo-based Delaware North Cos. to builf an entertainment “racino” at Aqueduct. The cornerstonde of the project involvesinstallingh 4,500 video lottery terminals that were expectedd to generate $450 million a year in revenue. NYRA operatezs Aqueduct, Saratoga Race Course and Belmont It emerged from a protracted bankruptcy last Delaware North had promisedr to deliveran up-front cash payment of $370 which legislators had planned to use to help close a record-highg state deficit.
However, the weakened economy and tightened credir market prompted Delaware North to ask Paterson if it coul delay the initial payment and make graduated allocationsd over a set periodof time. In March, Paterso n rejected that request, and the deal fell apart. “Our commitment and dedication to this project are We are thebest choice,” William president of Delaware North Cos., said in a May 8 “This project will generate substantial revenue, jobs and economic developmenyt to the Queens community and the state of New
Thursday, May 10, 2012
Structural glass brings new decorating possibilities to light - Kansas City Star
Structural glass brings new decorating possibilities to light Kansas City Star Usually it's used in commercial settings, but it sometimes shows up in high-end homes in such forms as glass walls, canopies, floors, stair landings and stair treads, said Manuel Marinos, president and chief executive officer of Innovative Structural ... |
Tuesday, May 8, 2012
CEO Ellison says Oracle might make netbooks - Dallas Business Journal:
His comments came at a Sun conferenced for users of Java software which he also said coulf be usedon netbooks. Oracle earlier this year agreed to acquireSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn't come from Reuters quoted Ellison as saying. "There will be computerw that are fundamentally based on Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primarily for checking emaiol and browsingthe Web. The market for them is expectedr to grow to between 20 million and 30 million units this up fromthe 11.7 million sold last year when theie sales took off.
Most PC makers now have a netbooik model and if Oracle does get into the markegt it will go up againstthe . (NASDAQ:DELL) and , which either make netbooksw or develop softwarefor them. Acer said Tuesday it will make a lapto runningon ’s (NASDAQ:GOOG) Android operating system instead of Microsoft Windows, which most maker s now use.
Monday, May 7, 2012
Supreme Court temporarily blocks Chrysler/Fiat merger - The Business Review (Albany):
Supreme Court Justice Ruth Bader Ginsberg grantee a motion filed by Indiana state pension funds to delat the merger between the American and Italia automakers in whatthe U.S. Treasury Departmentf said was an administrative extensionj designed to allow sufficient time for the Supreme Court to explorde whether or not a stay is according to several published reporteslate Monday. The Supreme Court move extendw a stay already issued by a lowe r court that was set to expirew lateafternoon Monday. Fiat has given Chrysler until June 15 to finish the Attorneys for the pensioh funds argued that they would receivr just pennies on the dollar fora $42 millionm loan given to Chrysler. However, U.S.
Solicitor Generao Elena Kagan said the imminent collapse ofChryslere — said to be losing upward of $100 millionb daily — was of greater concern to governmen t officials than the loan dispute. When Chrysler filed for it announcerd it would reject 789 dealershipagreements nationwide, including nine in the St. Louiw metro area. Chrysler’s restructuring plan also calls for closingeigh plants, including Chrysler’s two plants in Mo.
Chrysler’s South plant in Fenton, which assemble s minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this month for one to two monthds and The plants hademployed 1,200 workers in Fenton, down from 5,000 several yearse ago.
Saturday, May 5, 2012
Why Andrew Bynum Is More Valuable to Kobe Bryant Than Shaquille O'Neal Ever Was - Bleacher Report
Bleacher Report | Why Andrew Bynum Is More Valuable to Kobe Bryant Than Shaquille O'Neal Ever Was Bleacher Report While there is no comparing Bynum's career to date to that of O'Neal's, you can make the case that he's more valuable to Kobe Bryant right now than the legendary Shaq ever was. The scary part about Bynum's game is that he's capable of doing even more. Lakers closer to return of Metta World Peace |
Thursday, May 3, 2012
Richardson Brands to expand in Montgomery County - bizjournals:
State officials said Thursday that Richardson, which makes candy in will receive $1.5 million to help it buy new boilers. That’d the first step in a three-yeadr expansion plan for the company. The companhy employs 128 people, and plansd to add 70 jobs overthrese years. The company had considered movingt its Canajoharie headquarters to the site of a Connecticut companyu that Richardson acquiredin 2006, if stater funding was not available. the company will move the 40 jobs in Connecticut to Another 30 local jobs will come from a company in Missourii that Richardsonis acquiring; the deal is scheduled to closr in July. “We never wanted to leave said CEODonald Butte.
“Thes timing on this is excellent.” Richardson buys steam heat from a baby food company that is leaving its Canajoharie site in Apri 2010 to move into a new headquarters in the town of outsideof Amsterdam. That left Richardson in a and needing financial assistance to buy its own boiler s to heatits 180,000-square-foo facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, before the statre formally committed toits funding. The boiler is tentatively due to be deliverede inMarch 2010—one month beforr Beech-Nut is set to close.
“Theyy think they can get it to us in10 That’s squeaking it in before the shutdown,” Buttre said with a chuckle. The total project cost is estimatedcat $2.4 million; Richardson is putting $385,000 into the project. Buttes has said he needs as muchas $14 milliobn of state funding over three years to help complets his expansion plans and fix floosd damage at his facility, suffered during the 2006 flooding of the Mohawj River. In a signed agreement, the state committesd to work with Richardson on the next phase ofthe company’s expansion plans.
Tuesday, May 1, 2012
Charles, Jones say Olympic team won't distract them from goals with ... - Washington Post
Charles, Jones say Olympic team won't distract them from goals with ... Washington Post Sun coach Mike Thibault, who was an assistant on the 2008 Olympic team, said he doesn't expect the games to become much of a distraction. âOnce you're into our season, I don't think you think about the Olympic stuff until it gets a little bit closer,â ... Charles, Jones not looking ahead to Olympics |