ovaluleq.wordpress.com
The Dow Jones Industrial Averagr finished the trading day at up 221.11 points (2.6 percent percent). The S&o 500 closed at 942.87, up 23.73 points (2.58 The NASDAQ Composite finished at up 54.35 points (3.06 percent). Among actively traded Colorado Lakewood-based molybdenum mining company General Moly ledthe day’s gainers, up 23.94 percenrt (51 cents) to closre at $2.64. • (DPTR) — Up 15.5 perceny (31 cents) to $2.31. • — Up 10.53 percenf (10 cents) to • (PLD) — Up 9.07 percent (77 to $9.26. • (AIV) — Up 7.2 percent (68 to $10.13. Among actively tradedr Colorado stocks that declined on the day was ArcaBiopharma Inc.
(ABIO), down 44.78 percent ($4.16) to closer at $5.13. The Broomfield-based biotech said the Food and Drug Administratioh wants it to conduct more clinicap testson Gencaro, its experimental heart-failure drug that Arca want s the FDA to approve. • (NEM) — Down 1.8 percent (88 to $47.99. • (Q) Down 0.69 percent (3 cents) to • (ALTH) — Down 0.69 percentf (5 cents) to Dow Jones & Co. said Monday it is adding and Travelers Cos. to the Dow Jones Industrial Average and droppinb General Motorsand , effective June 8.
Tuesday, October 30, 2012
Monday, October 29, 2012
LexisNexis data breach linked to New York mob family - Puget Sound Business Journal (Seattle):
belyaevostapuki.blogspot.com
The New York-based company — whic has 3,000 employees in the Daytob area — has sent 13,000 letterss to former customers whose personal data may be at the company said ina statement. The breach involved a forme customer for a companycalled , which LexisNexi s bought in 2004, and was announced by the U.S. Attorney for the Southernb District of Floridain May, according to a LexisNexisw spokesperson. “(The) customer involved in this matter should have provided notice to potentiallyaffectexd individuals,” LexisNexis said in a statement.
“However, because the customer is no longer in business we provided the According tothe — which includes CIO magazine and PC Worlr — the New Hampshire Departmenr of Justice posted a document Fridayu on its Web site to inforjm consumers about the breach. By Mondayg evening, however, the link had been The document reportedly tied aFlorida man, with mob connections to the Bonann crime family, with accessint LexisNexis data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separate investigatiomn into alleged credit card fraud, perpetrated by formet customers of the company, accordin to a company statement.
That fraud occurredf from June 2004 toOctober 2007. The U.S. Postalp Inspection Service released a statement thatsaid 40,0000 letters will be sent to consumersd and 300 victims have been identifies in an investigation concerning the breach. The company was part of a similadr incident in 2005 and sent letters thento 280,00 customers who may have been victims of identity LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishingf conglomerate.
The company is an online information services and publishingh companywith 13,000 people
The New York-based company — whic has 3,000 employees in the Daytob area — has sent 13,000 letterss to former customers whose personal data may be at the company said ina statement. The breach involved a forme customer for a companycalled , which LexisNexi s bought in 2004, and was announced by the U.S. Attorney for the Southernb District of Floridain May, according to a LexisNexisw spokesperson. “(The) customer involved in this matter should have provided notice to potentiallyaffectexd individuals,” LexisNexis said in a statement.
“However, because the customer is no longer in business we provided the According tothe — which includes CIO magazine and PC Worlr — the New Hampshire Departmenr of Justice posted a document Fridayu on its Web site to inforjm consumers about the breach. By Mondayg evening, however, the link had been The document reportedly tied aFlorida man, with mob connections to the Bonann crime family, with accessint LexisNexis data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separate investigatiomn into alleged credit card fraud, perpetrated by formet customers of the company, accordin to a company statement.
That fraud occurredf from June 2004 toOctober 2007. The U.S. Postalp Inspection Service released a statement thatsaid 40,0000 letters will be sent to consumersd and 300 victims have been identifies in an investigation concerning the breach. The company was part of a similadr incident in 2005 and sent letters thento 280,00 customers who may have been victims of identity LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishingf conglomerate.
The company is an online information services and publishingh companywith 13,000 people
Sunday, October 28, 2012
Eternal Charm Along the Hudson River - New York Times
stages-paddocks.blogspot.com
New York Times | Eternal Charm Along the Hudson River New York Times Anchored on Thomas Cole's “The Course of Empire†(1834-1836), the landscapes are part of the exhibition “Nature and the Grand American Vision: Masterpieces of the Hudson River School,†which was completing a national tour at the time of the society's ... |
Friday, October 26, 2012
Consol Energy's $11 million loss tied to mine idlings [The Pittsburgh Tribune ... - Businessweek
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Consol Energy's $11 million loss tied to mine idlings [The Pittsburgh Tribune ... Businessweek Sustained lower prices for dry gases -- fuels that lack liquids used to produce chemicals -- can lead to disappointing financial results from energy companies, said Rick Gordon, president of consulting firm Gordon Energy Solutions LLC of Overland Park ... |
Syrian regime and rebels constantly adapt arsenals The Associated Press By BEN HUBBARD, Associated Press â€" 1 minute ago. ALEPPO, Syria (AP) â€" It was long past midnight, but the rebel commander couldn't sleep until his fighters returned from the Turkish border with the latest shipment of gear meant to help them battle the ... |
Wednesday, October 24, 2012
Monday, October 22, 2012
McAfee launches online cybercrime aid for victims - Silicon Valley / San Jose Business Journal:
houghtalingbaemo1268.blogspot.com
Santa Clara-based McAfee (NYSE:MFE) citee Consumer Reports, which said consumers in the Unite States have lost closeto $8.5 billiob over the last two years to cybercrime. “With physical crime you know rightg away if your house has been broken into or your car has been butwith cybercrime, it’s not that obvious. Most peopls don’t even know they’re a victim, and they rarelyu know what todo next,” said CEO Dave “The Cybercrime Response Unit is an ‘onlines 911’ that can triage your situation and direcg you to recovery. We’ll get you to the righrt resources immediately.
” The site also provides a forensic scanningf tool basedon McAfee’e Global Threat Intelligence. It assesses whether an individual has malware running on his or her computert or has visited malicious Web sites that may have stolepersonal information. Specially-trained people will be available live to assisg victims by telephone in the mostseriouxs cases, McAfee said.
Santa Clara-based McAfee (NYSE:MFE) citee Consumer Reports, which said consumers in the Unite States have lost closeto $8.5 billiob over the last two years to cybercrime. “With physical crime you know rightg away if your house has been broken into or your car has been butwith cybercrime, it’s not that obvious. Most peopls don’t even know they’re a victim, and they rarelyu know what todo next,” said CEO Dave “The Cybercrime Response Unit is an ‘onlines 911’ that can triage your situation and direcg you to recovery. We’ll get you to the righrt resources immediately.
” The site also provides a forensic scanningf tool basedon McAfee’e Global Threat Intelligence. It assesses whether an individual has malware running on his or her computert or has visited malicious Web sites that may have stolepersonal information. Specially-trained people will be available live to assisg victims by telephone in the mostseriouxs cases, McAfee said.
Sunday, October 21, 2012
Gaston gets a recruiting reality check - Charlotte Business Journal:
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That strategy, however, hasn’r delivered the kind of results that woulc offset the ongoing collapse oftextile employment. Now they know why. The The county is missing just abour everything that wouldattract white-collar According to a recently completed study by a Charlotte Gaston County lacks: •Available Class-A office •Housing suitable for executives. •High-end shopping and othedr amenitiesfor higher-income residents. Also an educated work force. In the county has a shortage of potentia l employees withgraduate degrees.
Donny Hicks, executive directo r of the , says the studyy will help the county address the underlyingb needs and createa better-defined recruiting “We have guys sayin g we ought to have millions of square feet of office or offic towers. It’s just not realistic.” The $24,0090 study by Frank Warren of of Charlotter was commissioned bythe EDC. “We told them that they need to think aboutthis incrementally,” Warren says. Some Gasto n government leaders were focused on development of major officwe parks similar to Ballantyne and Whitehall in south Warren says. Instead they should thinkk in termsof 25,000- to 50,000-square-foort buildings, he says.
Developers aren’t likely to invesgt heavily in office projects in Gaston because the lease rates in thatmarket wouldn’t justify the In Charlotte, lease rates in Class- buildings in suburban markets average $23 per squarr foot. Gaston buildings might expect $15 per squard foot at the most, the study The study says fewer Gaston resident s have advanced degrees than those inMecklenburg County. Gasto n residents also lagged onSAT scores, Warren says. “The important thing is you’ve got to inves in your schools to create the perception that they are he says.
If Gaston were successful in attractingoffice developments, chancess are the executives couldn’t find Warren wrote in the report. “Most houses are not targetefd at potential officespace decision-makers or management-level The study also gives a glimpse at how competitivse the Charlotte region is for office Of the square footage planned in largde office parks in the region, 78% is in Mecklenburg. Plus, Gaston faces competition with other surrounding countiese that have been successfulp inattracting white-collar jobs, such as York County.
“Forf Mill has leveraged its I-77 access and strong school system, educatefd labor force and aggressive SouthuCarolina incentives,” Warren says. With the help of the Hicks says it will probably take 10 years to bring significant numbers of offices jobsto “And it will probably be in the back end of that 10 Gaston County, which has a total work force of posted a 15.3% jobless rate in
That strategy, however, hasn’r delivered the kind of results that woulc offset the ongoing collapse oftextile employment. Now they know why. The The county is missing just abour everything that wouldattract white-collar According to a recently completed study by a Charlotte Gaston County lacks: •Available Class-A office •Housing suitable for executives. •High-end shopping and othedr amenitiesfor higher-income residents. Also an educated work force. In the county has a shortage of potentia l employees withgraduate degrees.
Donny Hicks, executive directo r of the , says the studyy will help the county address the underlyingb needs and createa better-defined recruiting “We have guys sayin g we ought to have millions of square feet of office or offic towers. It’s just not realistic.” The $24,0090 study by Frank Warren of of Charlotter was commissioned bythe EDC. “We told them that they need to think aboutthis incrementally,” Warren says. Some Gasto n government leaders were focused on development of major officwe parks similar to Ballantyne and Whitehall in south Warren says. Instead they should thinkk in termsof 25,000- to 50,000-square-foort buildings, he says.
Developers aren’t likely to invesgt heavily in office projects in Gaston because the lease rates in thatmarket wouldn’t justify the In Charlotte, lease rates in Class- buildings in suburban markets average $23 per squarr foot. Gaston buildings might expect $15 per squard foot at the most, the study The study says fewer Gaston resident s have advanced degrees than those inMecklenburg County. Gasto n residents also lagged onSAT scores, Warren says. “The important thing is you’ve got to inves in your schools to create the perception that they are he says.
If Gaston were successful in attractingoffice developments, chancess are the executives couldn’t find Warren wrote in the report. “Most houses are not targetefd at potential officespace decision-makers or management-level The study also gives a glimpse at how competitivse the Charlotte region is for office Of the square footage planned in largde office parks in the region, 78% is in Mecklenburg. Plus, Gaston faces competition with other surrounding countiese that have been successfulp inattracting white-collar jobs, such as York County.
“Forf Mill has leveraged its I-77 access and strong school system, educatefd labor force and aggressive SouthuCarolina incentives,” Warren says. With the help of the Hicks says it will probably take 10 years to bring significant numbers of offices jobsto “And it will probably be in the back end of that 10 Gaston County, which has a total work force of posted a 15.3% jobless rate in
Friday, October 19, 2012
Report: Foreclosures are top sellers - Charlotte Business Journal:
cahijisebi.wordpress.com
said banks that are willinfg to deal on foreclosed unitas are driving the firstquartetr activity. For example, Shoma at Keys Cove in soutg Miami-Dade County sold the most, with 50 unites closing in thefirst quarter. The Vue at Brickello sold 25 condos, rankinvg it seventh on CondoReports.com’ top-100 list. “Many banks have taken ownershi of units in these buildings and are lookingt toget out,” said Adam president of CondoReports.com. “Banks, either through short sales or unitds they own as a resultof foreclosures, are the most active sellerse in today’s market as they are willing to accep t market prices.
” The 10 most active building s produced an average of 29 sales, or one sale every three days. The buildings accounted for more than 11 percent of all condok salesin Miami-Dade, according to a CondoReports.cokm news release. Most of the activity is tied to individuaounit sales, and not bulk buys, Cappell said. “These buildings are movinb toward stability as speculative investora and thinly capitalized owners are beintg replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowedr cost,” Cappel said in the statement. “Most are individualo unit sales.
The study looked at closes salesin 2,000 condo projects with at least 50 unit throughout Miami-Dade. The study excluded units delivered in 2008 and 2009 becausde those sales were likely driven bypreconstruction contracts, Cappel said.
said banks that are willinfg to deal on foreclosed unitas are driving the firstquartetr activity. For example, Shoma at Keys Cove in soutg Miami-Dade County sold the most, with 50 unites closing in thefirst quarter. The Vue at Brickello sold 25 condos, rankinvg it seventh on CondoReports.com’ top-100 list. “Many banks have taken ownershi of units in these buildings and are lookingt toget out,” said Adam president of CondoReports.com. “Banks, either through short sales or unitds they own as a resultof foreclosures, are the most active sellerse in today’s market as they are willing to accep t market prices.
” The 10 most active building s produced an average of 29 sales, or one sale every three days. The buildings accounted for more than 11 percent of all condok salesin Miami-Dade, according to a CondoReports.cokm news release. Most of the activity is tied to individuaounit sales, and not bulk buys, Cappell said. “These buildings are movinb toward stability as speculative investora and thinly capitalized owners are beintg replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowedr cost,” Cappel said in the statement. “Most are individualo unit sales.
The study looked at closes salesin 2,000 condo projects with at least 50 unit throughout Miami-Dade. The study excluded units delivered in 2008 and 2009 becausde those sales were likely driven bypreconstruction contracts, Cappel said.
Thursday, October 18, 2012
Salafists blamed for destroying Morocco stone carvings - BBC News
ejyceh.wordpress.com
BBC News | Salafists blamed for destroying Morocco stone carvings BBC News The rock engravings date back more than 8,000 years and include an image of the Sun depicted as a pagan god. "They were destroyed several days ago," said Aboubakr Anghir of the Amazigh League for Human Rights. "One of the carvings, c » |
Wednesday, October 17, 2012
'Voluntary Career Break' For Hong Kong Workers - Wall Street Journal (blog)
ovaluleq.wordpress.com
Wall Street Journal (blog) | 'Voluntary Career Break' For Hong Kong Workers Wall Street Journal (blog) The company is also launching a “voluntary career break†program, which allows such staff to take extended holidays ranging between two weeks and six months, during which they are paid 20% of their regular salary. Some three-quarters of PwC's revenue . .. |
Monday, October 15, 2012
Steroid Shot Near Spine Gives Illness an Opening - New York Times
lyubomiradete.blogspot.com
Steroid Shot Near Spine Gives Illness an Opening New York Times One of the many troubling aspects of the national meningitis outbreak caused by a tainted steroid drug is that so many people are at risk: 14,000 are thought to have been exposed, mostly through injections near the spine for back or neck problems. The ... |
Sunday, October 14, 2012
Poizner questions selling State Fund assets - Los Angeles Business from bizjournals:
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“I am troubled by the details of the Poizner said in comments released to the San Francisco Business Timeson Thursday. “It specifically removes my participation from a transactionh that affects a company that writes more than one out of evertyfive workers’ compensation policies and is the largest insurancee company in the state.” Schwarzenegger’s proposal suggests that a sale of unspecifiede assets could raise $1 billion, but therer are no indications that the number corresponds to any specific tangible interest by would-be buyers.
who was pointedly left out of discussionas about theproposed sale, as was state Attornegy General Jerry Brown, said a “hasthy or ill-considered sale could wreak havoc on the already-volatile compensation market.” The governor has proposed selling assetes of San Francisco-based State Fund to help fill the state’z looming $24.3 billion budget Schwarzenegger’s revised budget, rejiggered after California voterw rejected a bevy of ballot propositions last month intendeed to right the state’s fiscal ship, is now beinyg considered by the state Legislature.
State Fund, California’sa insurer of last resort in the workers’ comp saw its share of the state comp market soar above 50 percent in the early yeards ofthe decade, when many private insurers stopped writinbg new business here. It still controlled abougt 23 percent of the market last selling closeto $1.7 billion in It covers an estimatee 180,000 or so small businesses, many of whic would have trouble finding affordable comp coverage from otherr carriers, according to Poizner and insurance industrgy sources.
In his statement to the San FranciscoiBusiness Times, Poizner mentioned construction firms and smal l farms as businesses that often cannot find coverage in the privatd market. “Any sale would have ramificationsthroughout California’s business affecting the availability and cost of compensation insurance for all (of) California’ss employers,” said Poizner, a Republican who is a contendere for his party’s nomination to replace who cannot run for reelectioh due to term limits. “Great care must be takenh to ensure that a sale of Statw Fund assets does not place additional stresson California’x already-reeling economy,” Poizner said.
Rachel a spokeswoman for the governor’s office, told the Businesse Times earlier this weekthat Schwarzenegger’s proposal is basefd on a determination to maintain a souncd workers’ comp system in California, keep at least part of Stated Fund intact, “and achieve the highest value for the state.” But some insurancse industry executives agree with Poiznef that the sale of a portion of State Fund coulr be risky. “It’s kind of Dave De Wenter, executive vice president and COO ofthe Torrance-based told the Business Times earlie in the week, predicting that such a sale coule turn into a huge boondogglee and damage State Fund’s financialo stability.
“It just sounds crazu to me,” Scott president of the Smalo Business Californiaadvocacy group, who also runs a San Franciscoo insurance brokerage that sells State Fund policies, in commentsz to the Los Angeles “Most of the smalol businesses that are with State Fund are therse because they can’t go anywhere If they are a more risky type of business, their ratexs will go way up.
”
“I am troubled by the details of the Poizner said in comments released to the San Francisco Business Timeson Thursday. “It specifically removes my participation from a transactionh that affects a company that writes more than one out of evertyfive workers’ compensation policies and is the largest insurancee company in the state.” Schwarzenegger’s proposal suggests that a sale of unspecifiede assets could raise $1 billion, but therer are no indications that the number corresponds to any specific tangible interest by would-be buyers.
who was pointedly left out of discussionas about theproposed sale, as was state Attornegy General Jerry Brown, said a “hasthy or ill-considered sale could wreak havoc on the already-volatile compensation market.” The governor has proposed selling assetes of San Francisco-based State Fund to help fill the state’z looming $24.3 billion budget Schwarzenegger’s revised budget, rejiggered after California voterw rejected a bevy of ballot propositions last month intendeed to right the state’s fiscal ship, is now beinyg considered by the state Legislature.
State Fund, California’sa insurer of last resort in the workers’ comp saw its share of the state comp market soar above 50 percent in the early yeards ofthe decade, when many private insurers stopped writinbg new business here. It still controlled abougt 23 percent of the market last selling closeto $1.7 billion in It covers an estimatee 180,000 or so small businesses, many of whic would have trouble finding affordable comp coverage from otherr carriers, according to Poizner and insurance industrgy sources.
In his statement to the San FranciscoiBusiness Times, Poizner mentioned construction firms and smal l farms as businesses that often cannot find coverage in the privatd market. “Any sale would have ramificationsthroughout California’s business affecting the availability and cost of compensation insurance for all (of) California’ss employers,” said Poizner, a Republican who is a contendere for his party’s nomination to replace who cannot run for reelectioh due to term limits. “Great care must be takenh to ensure that a sale of Statw Fund assets does not place additional stresson California’x already-reeling economy,” Poizner said.
Rachel a spokeswoman for the governor’s office, told the Businesse Times earlier this weekthat Schwarzenegger’s proposal is basefd on a determination to maintain a souncd workers’ comp system in California, keep at least part of Stated Fund intact, “and achieve the highest value for the state.” But some insurancse industry executives agree with Poiznef that the sale of a portion of State Fund coulr be risky. “It’s kind of Dave De Wenter, executive vice president and COO ofthe Torrance-based told the Business Times earlie in the week, predicting that such a sale coule turn into a huge boondogglee and damage State Fund’s financialo stability.
“It just sounds crazu to me,” Scott president of the Smalo Business Californiaadvocacy group, who also runs a San Franciscoo insurance brokerage that sells State Fund policies, in commentsz to the Los Angeles “Most of the smalol businesses that are with State Fund are therse because they can’t go anywhere If they are a more risky type of business, their ratexs will go way up.
”
Saturday, October 13, 2012
Fred Weber wins $4M Mississippi River Bridge contract - Pittsburgh Business Times:
ejoxot.wordpress.com
awarded Fred Weber a $4.44 million contract Wednesday to remov and replace the Madison Streetand St. Louis Avenu bridges over Interstate 70 indowntown St. Louis. The majority of work on this projecyt will start afterHighway 40/Interstate 64 reopens between Kingshighway and Interstat e 170. Crews will remove the St. Louis Avenue bridge first and then remove and replacee the MadisonStreet bridge. Duringf work to remove the MadisojStreet bridge, crews will also removr the Cass Avenue bridge in preparation for replacing that bridgew later in 2010. This work is part of preliminary work on a new Mississippijriver bridge, which is expected to reduc e congestion on the Poplar Streetf Bridge.
Maryland Heights, Mo.-based Fred Weber is one of the largesr privately held companiesin St. Louies with $353.3 million in revenur in 2008. The commercial construction firm is also workinyg onthe $245 million reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins state park and is part of Gateway the consortium of contractors performing $535 million worth of improvementsx on Highway 40/Interstate 64.
awarded Fred Weber a $4.44 million contract Wednesday to remov and replace the Madison Streetand St. Louis Avenu bridges over Interstate 70 indowntown St. Louis. The majority of work on this projecyt will start afterHighway 40/Interstate 64 reopens between Kingshighway and Interstat e 170. Crews will remove the St. Louis Avenue bridge first and then remove and replacee the MadisonStreet bridge. Duringf work to remove the MadisojStreet bridge, crews will also removr the Cass Avenue bridge in preparation for replacing that bridgew later in 2010. This work is part of preliminary work on a new Mississippijriver bridge, which is expected to reduc e congestion on the Poplar Streetf Bridge.
Maryland Heights, Mo.-based Fred Weber is one of the largesr privately held companiesin St. Louies with $353.3 million in revenur in 2008. The commercial construction firm is also workinyg onthe $245 million reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins state park and is part of Gateway the consortium of contractors performing $535 million worth of improvementsx on Highway 40/Interstate 64.
Thursday, October 11, 2012
Small-business indicators up - Tampa Bay Business Journal:
qalymeled.wordpress.com
Most of the gain in the ’ Index of Small Businese Optimism was due to an increase in the numbefrof small-business owners who expectr business conditions to improve in the next six Before last month, most small-business owners thought the economty would get worse; now a net 4 percenr think it will get More small businesses reduced employment than added and NFIB predicts the unemployment rate will stay abovre 6 percent in the coming months. The survey also found weak numbers for capital expendituress as well as plans for investmentz innew equipment.
“While Fed policy may be keeping financinhgcosts low, the weak economy has reduce the need for expansion and new and put pressure on cash flows, inducing owner to postpone discretionary capital outlays,” said NFIB Chieft Economist William Dunkelberg. Inflation was tied with weak sales as the biggest problemfacing small-business Only 2 percent said the cost and availability of credit was their biggest problem. Consumer bankruptcy filings were up 29 percentf in August compared with the same month ayear ago, accordinhg to the . Consumers filed 96,4123 bankruptcy cases this August — the highest monthl y number since new bankruptcy rules went into effecf inOctober 2005.
The changes force more debtors to pay off more oftheirt debts. Despite these tougher there is “a growing trend of U.S. consumers to seek bankruptcy as a way out offinanciaol problems,” said ABI Executive Director Samuel While consumers account for most bankruptcy filings by businesses also were up dramatically. Business filingx totaled 33,882 in the 12-month perioxd that ended June 30, 2008, a 42 percent increase over theprevious 12-month period. Institutional investors ownerd 76 percent of the stock ofthe nation’zs 1,000 largest corporations at the end of according to a new report by the Conferencer Board.
That’s another record high for institutional which are defined aspension funds, investment insurance companies, banks and Twenty years ago, institutional investors owned only 47 percent of the stocki of the 1,000 largest U.S. corporations.
Most of the gain in the ’ Index of Small Businese Optimism was due to an increase in the numbefrof small-business owners who expectr business conditions to improve in the next six Before last month, most small-business owners thought the economty would get worse; now a net 4 percenr think it will get More small businesses reduced employment than added and NFIB predicts the unemployment rate will stay abovre 6 percent in the coming months. The survey also found weak numbers for capital expendituress as well as plans for investmentz innew equipment.
“While Fed policy may be keeping financinhgcosts low, the weak economy has reduce the need for expansion and new and put pressure on cash flows, inducing owner to postpone discretionary capital outlays,” said NFIB Chieft Economist William Dunkelberg. Inflation was tied with weak sales as the biggest problemfacing small-business Only 2 percent said the cost and availability of credit was their biggest problem. Consumer bankruptcy filings were up 29 percentf in August compared with the same month ayear ago, accordinhg to the . Consumers filed 96,4123 bankruptcy cases this August — the highest monthl y number since new bankruptcy rules went into effecf inOctober 2005.
The changes force more debtors to pay off more oftheirt debts. Despite these tougher there is “a growing trend of U.S. consumers to seek bankruptcy as a way out offinanciaol problems,” said ABI Executive Director Samuel While consumers account for most bankruptcy filings by businesses also were up dramatically. Business filingx totaled 33,882 in the 12-month perioxd that ended June 30, 2008, a 42 percent increase over theprevious 12-month period. Institutional investors ownerd 76 percent of the stock ofthe nation’zs 1,000 largest corporations at the end of according to a new report by the Conferencer Board.
That’s another record high for institutional which are defined aspension funds, investment insurance companies, banks and Twenty years ago, institutional investors owned only 47 percent of the stocki of the 1,000 largest U.S. corporations.
Wednesday, October 10, 2012
Nokia Lumia 810: Hands on with T-Mobile's first Windows 8 phone - CNET
esivyjifag.wordpress.com
TechCrunch | Nokia Lumia 810: Hands on with T-Mobile's first Windows 8 phone CNET Nokia and T-Mobile had a little surprise waiting for us when we landed in San Diego for MobileCon. The Nokia Lumia 810, a variant of the Nokia Lumia 820 for AT&T, will support T-Mobile's fastest HSPA+ 42 network. T-Mobile is keeping quiet on pricing or ... T-Mobile Gets a Nokia Windows Phone 8 of its own T-Mobile's Nokia Lumia 810 â€" We Go Hands On, But This Phone's Liter » |
Monday, October 8, 2012
Irwin Union parent faces NYSE delisting - Business First of Louisville:
viningocouqyl1601.blogspot.com
Columbus, Ind.-based Irwin Financial (NYSE: IFC) has 45 days to submiyt a plan toNYSE officials, the company said in a news If the plan is accepted, Irwin Financial’ss stock will continue to tradew on the NYSE, and the company’zs financial performance will be reviewe quarterly. Irwin Financial on May 11 reporteda $94 millio first-quarter loss on the heels of a $104 million loss in the fourthu quarter of 2008. The which has been stung by badmortgage loans, is tryingb to restructure its businesz to shift its focus from mortgage and home-equity lendinfg and equipment leasing to community banking.
Irwin Financial continues to pursue a plan to develooa public-private partnership with Columbus, Ind.-based engine-makerd and four other investors, which have agreed to buy up to $34 millioh of common shares after shareholders have been givem the first opportunity to invest in the offering. Thoss investors include Irwin Financial chairman and CEO Will Mille and his family members andHenry B. Schacht, a formed chairman and CEO of Cummins and Each ofIrwimn Financial’s board members also has promisedf to invest in the offering, whicj must meet the approval of banking regulatorsd and the .
If the funding plan is Irwin Financial should be able to meetNYSE requirements, the company said in the
Columbus, Ind.-based Irwin Financial (NYSE: IFC) has 45 days to submiyt a plan toNYSE officials, the company said in a news If the plan is accepted, Irwin Financial’ss stock will continue to tradew on the NYSE, and the company’zs financial performance will be reviewe quarterly. Irwin Financial on May 11 reporteda $94 millio first-quarter loss on the heels of a $104 million loss in the fourthu quarter of 2008. The which has been stung by badmortgage loans, is tryingb to restructure its businesz to shift its focus from mortgage and home-equity lendinfg and equipment leasing to community banking.
Irwin Financial continues to pursue a plan to develooa public-private partnership with Columbus, Ind.-based engine-makerd and four other investors, which have agreed to buy up to $34 millioh of common shares after shareholders have been givem the first opportunity to invest in the offering. Thoss investors include Irwin Financial chairman and CEO Will Mille and his family members andHenry B. Schacht, a formed chairman and CEO of Cummins and Each ofIrwimn Financial’s board members also has promisedf to invest in the offering, whicj must meet the approval of banking regulatorsd and the .
If the funding plan is Irwin Financial should be able to meetNYSE requirements, the company said in the
Sunday, October 7, 2012
William Boyd Printing site sold for $1.3M - The Business Review (Albany):
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Ltd., an affiliate of Cos. in Clifton Park, closed on the $1.3 million purchaswe on June 3. Cass Hill intendd to convert theformer 1.3-acre industrial site at 39-49 Sheridan Ave. into an office/retail/residentiall project. The property is located behind the Suites onChapel Street, near the heart of the city’s entertainmenr district. Tony Sabatino of representexd the seller. Cass Hill was represented by Eileem Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reachefd for comment.
Cass Hill owns several propertiezs downtown, including a 30,000-square-foot office building on Monror Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcyt protection inSeptember 2005. A federal bankruptcy judge in March 2008 approved the sale of the buildings to help satisfhthe company’s debts. Some of the company’s assets were purchasedf by Carl Johnson, an officee at Boyd Printing, who opened a separate Inc., in Colonie. Previous deals for the Sheridan Avenue propertyy fizzled before Cass Hill signed a purchases contractlast year.
Ltd., an affiliate of Cos. in Clifton Park, closed on the $1.3 million purchaswe on June 3. Cass Hill intendd to convert theformer 1.3-acre industrial site at 39-49 Sheridan Ave. into an office/retail/residentiall project. The property is located behind the Suites onChapel Street, near the heart of the city’s entertainmenr district. Tony Sabatino of representexd the seller. Cass Hill was represented by Eileem Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reachefd for comment.
Cass Hill owns several propertiezs downtown, including a 30,000-square-foot office building on Monror Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcyt protection inSeptember 2005. A federal bankruptcy judge in March 2008 approved the sale of the buildings to help satisfhthe company’s debts. Some of the company’s assets were purchasedf by Carl Johnson, an officee at Boyd Printing, who opened a separate Inc., in Colonie. Previous deals for the Sheridan Avenue propertyy fizzled before Cass Hill signed a purchases contractlast year.
Saturday, October 6, 2012
Area home sales post big drop in May - San Francisco Business Times:
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There were 1,783 home closing s last month, a 29 percent decrease from May 2008, accordinb to the Greater Nashville Associationof Realtors. The median price of single-family homes in May was $169,000, a $5,4000 increase from the prior month, but a 10.6 perceny decline from May 2008. “Real estate is feelinbg the same effects as the rest of thenational economy,” Greater Nashvillwe Association of Realtors President Mike Nicholsx says in a press “With the recent American Recovery and Reinvestmenty Act of 2009 supported by the FHA, we are hopefuk that first-time home buyers will take advantagd of the opportunity to use the $8,0000 tax credit to help with certai n costs at closing.
” Inventory on the markett increase about 0.8 percent from April. There were 24,60 homes on the market May 31. May’s numberx brings year-to-date closings up to 7,149, down 31 percent from the 10,406 closings at this point in 2008. The condol market had 228 closingsin May, a 25.2 percenft drop from the year That compares to 305 closings last year. The mediahn price for a condo in May was down 1.7 percent from last There were 2,000 sales pendingh at the end of May. Whilwe that number was down from 2,489 pendingv sales last year, it was only the seconf time since last September that pendinvg sales figure hadreached 2,000 propertiex or more.
There were 1,783 home closing s last month, a 29 percent decrease from May 2008, accordinb to the Greater Nashville Associationof Realtors. The median price of single-family homes in May was $169,000, a $5,4000 increase from the prior month, but a 10.6 perceny decline from May 2008. “Real estate is feelinbg the same effects as the rest of thenational economy,” Greater Nashvillwe Association of Realtors President Mike Nicholsx says in a press “With the recent American Recovery and Reinvestmenty Act of 2009 supported by the FHA, we are hopefuk that first-time home buyers will take advantagd of the opportunity to use the $8,0000 tax credit to help with certai n costs at closing.
” Inventory on the markett increase about 0.8 percent from April. There were 24,60 homes on the market May 31. May’s numberx brings year-to-date closings up to 7,149, down 31 percent from the 10,406 closings at this point in 2008. The condol market had 228 closingsin May, a 25.2 percenft drop from the year That compares to 305 closings last year. The mediahn price for a condo in May was down 1.7 percent from last There were 2,000 sales pendingh at the end of May. Whilwe that number was down from 2,489 pendingv sales last year, it was only the seconf time since last September that pendinvg sales figure hadreached 2,000 propertiex or more.
Thursday, October 4, 2012
Mikulski seeks $20M for Maryland BRAC transportation needs - Baltimore Business Journal:
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The money, $5 million apiece, would pay for transportatio upgrades by FortGeorge G. Meade in Anne Arundekl County, Aberdeen Proving Grounf in Harford County, the Nationalo Naval Medical Center inMontgomerh County, and Andrews Air Forcee Base in Prince George’s Between them, the sites are slated to absorb some 25,0009 military jobs under the federal Base Realignment and Closuree plan. But the economy has put a severe damper onthe state’se ability to fund the $1.3 billion in plannec road improvements around those bases. “My promises made to BRAC-impactesd communities are promises kept,” Mikulski, D-Md.
, said in a Mikulski is seeking the fundsx from the federal 2010Senate Transportation, Urban Development and Related Agenciesz Appropriations bill. “It’s my job to put money in the federalk checkbook where there is afederal responsibility, but not enouggh funding. BRAC brings great opportunities, but it also brings greart challenges.” The bill must be passed by the Housde and Senate and signed into law by Presiden Barack Obama before the money would be made availabldeto Maryland.
The money, $5 million apiece, would pay for transportatio upgrades by FortGeorge G. Meade in Anne Arundekl County, Aberdeen Proving Grounf in Harford County, the Nationalo Naval Medical Center inMontgomerh County, and Andrews Air Forcee Base in Prince George’s Between them, the sites are slated to absorb some 25,0009 military jobs under the federal Base Realignment and Closuree plan. But the economy has put a severe damper onthe state’se ability to fund the $1.3 billion in plannec road improvements around those bases. “My promises made to BRAC-impactesd communities are promises kept,” Mikulski, D-Md.
, said in a Mikulski is seeking the fundsx from the federal 2010Senate Transportation, Urban Development and Related Agenciesz Appropriations bill. “It’s my job to put money in the federalk checkbook where there is afederal responsibility, but not enouggh funding. BRAC brings great opportunities, but it also brings greart challenges.” The bill must be passed by the Housde and Senate and signed into law by Presiden Barack Obama before the money would be made availabldeto Maryland.
Wednesday, October 3, 2012
Fly Clear fast lane at Albany Int
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was among the 20 airports nationwide that offered theexpediter system. An airport spokeswoman said the airpor t was not notified in advance and the Cleare Lanewas closed. In 2008, it reportedf having more than 10,000 users pass througy the lanes since the express service was first offerede there insummer 2007. “Clear Lanes Are No Longer At 11:00 p.m. PST on June 22, 2009, Clear will ceass operations. Clear’s parent company, has been unabld to negotiate an agreement with its senior creditor tocontinue operations.” Therde was no information about whether enrollees would get The service cost $199 a year.
Customerws were mostly business travelers and frequent The program started atin 2005. Clearf enrollees were pre-screened by the , and, if were provided with a card that gave them accessx to a specialsecurity lane. Clear was operated by Verifieed Identity Pass of NewYork City. As of June 4, Cleare claimed to have enrolled morethan 260,000 fliers.
was among the 20 airports nationwide that offered theexpediter system. An airport spokeswoman said the airpor t was not notified in advance and the Cleare Lanewas closed. In 2008, it reportedf having more than 10,000 users pass througy the lanes since the express service was first offerede there insummer 2007. “Clear Lanes Are No Longer At 11:00 p.m. PST on June 22, 2009, Clear will ceass operations. Clear’s parent company, has been unabld to negotiate an agreement with its senior creditor tocontinue operations.” Therde was no information about whether enrollees would get The service cost $199 a year.
Customerws were mostly business travelers and frequent The program started atin 2005. Clearf enrollees were pre-screened by the , and, if were provided with a card that gave them accessx to a specialsecurity lane. Clear was operated by Verifieed Identity Pass of NewYork City. As of June 4, Cleare claimed to have enrolled morethan 260,000 fliers.
Monday, October 1, 2012
Price Chopper introducing nutritional scoring system - The Business Review (Albany):
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The Rotterdam-based Golub Corp. said it will be the firsg retailer in North America tointroduce NuVal, which measurew the nutritional value on virtually all of the food in its 117 The ranking system measures how human healt h is impacted by more than 30 along with dietary guidelinews set by the U.S. Department of Agriculturde and the Institute of Medicine DietarytReference Intakes. The scores for each producy range from 1to 100. The Golub said NuVal “sets an unprecedentedr standard for consumer accessibility and is poised to revolutionizer the way nutritional information is readand understood.
” The launch of the scoringb system comes more than two yearsz after one of Golub Corp.’s biggesft competitors, , started using a food scorin system called Guiding Stars. At the time, Maine-baseds Hannaford said the system was the first of its kind in the supermarket industry. Golub officials and the creatorzs of NuVal will explain the new system durinb a pressconference Jan. 21 at 1 p.m. at GE Theatrw in Schenectady.
The Rotterdam-based Golub Corp. said it will be the firsg retailer in North America tointroduce NuVal, which measurew the nutritional value on virtually all of the food in its 117 The ranking system measures how human healt h is impacted by more than 30 along with dietary guidelinews set by the U.S. Department of Agriculturde and the Institute of Medicine DietarytReference Intakes. The scores for each producy range from 1to 100. The Golub said NuVal “sets an unprecedentedr standard for consumer accessibility and is poised to revolutionizer the way nutritional information is readand understood.
” The launch of the scoringb system comes more than two yearsz after one of Golub Corp.’s biggesft competitors, , started using a food scorin system called Guiding Stars. At the time, Maine-baseds Hannaford said the system was the first of its kind in the supermarket industry. Golub officials and the creatorzs of NuVal will explain the new system durinb a pressconference Jan. 21 at 1 p.m. at GE Theatrw in Schenectady.
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