afyfojahejus.blogspot.com
All branches of Cooperative are reopening today as branchesx ofFirst Bank, whichb is based in Troy in Montgomeruy County. First Bancorp (Nasdaq: FBNC) will acquire Cooperative’s 21 branchees in the eastern part of the state plus three South Carolinaz branches and most of thefailed bank’ deposits, borrowings and assets. No depositod will suffer any losses, First Bank said in an As of May 31, Cooperativew had total assetsof $970 million and totapl deposits of about $774 million. The acquisition adds $835 millio n in loans to First Bankand $717 millionm in deposits, plus liabilities of about $873 million.
First Bank is protectecd by a loss-sharing agreement with the FDIC on the acquired Withthe acquisition, First Bank now has 98 branchews in the Triad and other parts of Northh and South Carolina, and a totalp of $3.6 billion in assets. Cooperativw Bank is the second North Carolina bank shuttered this The first, Cape Fear was also based in Wilmington and was closed in The collapse of the real estate market and the recession has led to 40 bank failureas nationwide this year.
Saturday, September 29, 2012
Friday, September 28, 2012
Danac gets good news from Montgomery County Planning Board - Washington Business Journal:
judonebolayb1394.blogspot.com
The Bethesda-based developer's 26-acre office park in the Shady Groved Life Sciences Center is currently approvesfor 669,538 square feet of density and the campuas currently contains half of that, or 350,000 square At a May 28 work the Montgomery County Planning Board decided to recommend in its draft Gaithersburg West Master Plan that the propertyu be developed with up to twice as much or contain up to 1.34 million square feet of office, retaio and residential space. The southwest corner of the land currently includesa three-building complex that houses software and pharmaceutical tenants.
The northu side of the property contains the Metropolitan RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac'sa Corridor Cities Transitway stop be located at or near its northeasterhn corner, near the intersection of Diamondback Drive and Decoverly That is good news for since the board had left out the stop in earlier The transit stop near the corner may be developed whethet the state retains the current road alignmeng or adopts the county's locallyt preferred alternative.
The board also picked that locatiohn because the northeastern corner is considerec to be convenient for pedestrians from the Decoverlyresidential communities. "We have a long way to go, but we are encouraged by the planning board's recommendations," said Timothy Dugan, a Danacx attorney. Several more work sessions are scheduled over the next two and in July the planning board will send its draftg master plan to the county executive who will have 60 days to review and comment before it is sent to the countyg councilfor deliberations.
The Bethesda-based developer's 26-acre office park in the Shady Groved Life Sciences Center is currently approvesfor 669,538 square feet of density and the campuas currently contains half of that, or 350,000 square At a May 28 work the Montgomery County Planning Board decided to recommend in its draft Gaithersburg West Master Plan that the propertyu be developed with up to twice as much or contain up to 1.34 million square feet of office, retaio and residential space. The southwest corner of the land currently includesa three-building complex that houses software and pharmaceutical tenants.
The northu side of the property contains the Metropolitan RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac'sa Corridor Cities Transitway stop be located at or near its northeasterhn corner, near the intersection of Diamondback Drive and Decoverly That is good news for since the board had left out the stop in earlier The transit stop near the corner may be developed whethet the state retains the current road alignmeng or adopts the county's locallyt preferred alternative.
The board also picked that locatiohn because the northeastern corner is considerec to be convenient for pedestrians from the Decoverlyresidential communities. "We have a long way to go, but we are encouraged by the planning board's recommendations," said Timothy Dugan, a Danacx attorney. Several more work sessions are scheduled over the next two and in July the planning board will send its draftg master plan to the county executive who will have 60 days to review and comment before it is sent to the countyg councilfor deliberations.
Wednesday, September 26, 2012
Big bang for the buck: Employers look for inexpensive benefits to boost morale - Business Courier of Cincinnati:
borislavamcoc.blogspot.com
Experts say small perks, like movies and meald being offered by somelocalo employers, can go a long way toward appeasintg employees who have been battered in recent months by plummeting frozen pension plans and even the layoffs of some of theidr co-workers. At , employees will soon be offeredxaffordable take-home dinners for those busy days when there simply is not enough time to but they want something better than typical And at in Helena, employee can watch a movie during lunch in a break room that includesd a movie-style popcorn machine.
“Anything you do that helpsz reduce stress and inconveniencein employees’ livew is a real winner,” said Douglas the chief human resource officer at Children’ss Health System. It usually is easier to keep employeesd content when life away from the officse isgoing well. But when gas prices soar and homevaluess drop, any small benefits that companies can offer theier employees can go a long way toward keeping workers happy and morale And in this economy, many companiea are looking any inexpensive perks or benefitx that can make a difference.
“Employeeds are always looking to see what their company is even in the small saidMichael Wolfe, the director of human resourcees at in Birmingham. “Itf reiterates that you care aboutr them, especially when you’re going throughh a difficult time. Little things add up.” After gas prices began barrelinvtoward $4 a gallon last Wolfe said SourceMedical offered employeese the option of working from home a few days each week whenever possible, to eliminate the money-burning And in November, the company started providinf a service called Teladoc that allows employeesz to speak with a doctor 24 hoursx a day without havingt to see their primary-care physician or make a trip to the emergency room.
“Things like that make it easiert for our employees and makes themfeel valued,” Wolfre said. Maintaining a positive attitude in the workplace can involve more than justpractica matters. It also can be important simply to make the office an enjoyabl placeto be. For example, in addition to the moviw room, MailSouth has several plasmaw televisions scattered throughoutits offices. There is also a free on-sitee employee fitness center that includes occasionalpaerobics classes. And since the company has approximatel 30 graphic artistson staff, employee artwork is displayed throughout the building.
“We try to do little things to help keep thing s light inthe office,” said Dawn the human resources managefr at MailSouth. “We’re a deadline-driven business, so the pace is very These sorts of things where people can get away from their desksx and do some fun stuff really does help with The hectic pace of both work and personapl life is one of thereasons Children’sx Health Systems began offering employees the chance to purchases complete take-home dinners.
“Theyh are getting off a long shift, they’re stressefd and they have to pick thekids up,” Dean “This is an option to grab some prettt high-quality food to take home to their We want it to be healthy, tastt food. If it’s no betterr than what you can get at the then I’m not sure you’re helpingf anybody.” While budget cuts are sometimez necessary during economic downturns, Wolfe said it is important not to slasuh or eliminate some of the regulat perks that can help perk up the An employee might be visually confronted with the declining value of a only a few times a Take away free coffee, however, and that is noticex every single day.
“When you start nickel-and-diming employeexs and taking away little things, it makes them feel unappreciated and more like a number than a valuefd resource,” Wolfe said. “And the cost of some of these things is so minimalthat you’rr really not getting that much of a You want to continue to do the smalp things to make sure that your employee feel valued.” Because when it comexs to maintaining employee morale, the little thinge often do mean a lot. “In life in general, it’s the smalk things that get us through. It’se the daily touches,” Hrdlica said.
“The thing that keeps employees engaged is how you feel at the end of the day when youleaver work. You get a tremendous return on investmentt by just letting peopls know that youappreciate them.” Birmingham.Byg Cary Estes | SPECIAL In tough economic it is nice to know you can stilol afford dinner and a movie. It is even nicer when it’s supplied by your employer. Experts say small perks, like movies and meals being offere by somelocal employers, can go a long way toward appeasing employees who have been battered in receng months by plummeting frozen pension plans and even the layoffzs of some of their co-workers.
Experts say small perks, like movies and meald being offered by somelocalo employers, can go a long way toward appeasintg employees who have been battered in recent months by plummeting frozen pension plans and even the layoffs of some of theidr co-workers. At , employees will soon be offeredxaffordable take-home dinners for those busy days when there simply is not enough time to but they want something better than typical And at in Helena, employee can watch a movie during lunch in a break room that includesd a movie-style popcorn machine.
“Anything you do that helpsz reduce stress and inconveniencein employees’ livew is a real winner,” said Douglas the chief human resource officer at Children’ss Health System. It usually is easier to keep employeesd content when life away from the officse isgoing well. But when gas prices soar and homevaluess drop, any small benefits that companies can offer theier employees can go a long way toward keeping workers happy and morale And in this economy, many companiea are looking any inexpensive perks or benefitx that can make a difference.
“Employeeds are always looking to see what their company is even in the small saidMichael Wolfe, the director of human resourcees at in Birmingham. “Itf reiterates that you care aboutr them, especially when you’re going throughh a difficult time. Little things add up.” After gas prices began barrelinvtoward $4 a gallon last Wolfe said SourceMedical offered employeese the option of working from home a few days each week whenever possible, to eliminate the money-burning And in November, the company started providinf a service called Teladoc that allows employeesz to speak with a doctor 24 hoursx a day without havingt to see their primary-care physician or make a trip to the emergency room.
“Things like that make it easiert for our employees and makes themfeel valued,” Wolfre said. Maintaining a positive attitude in the workplace can involve more than justpractica matters. It also can be important simply to make the office an enjoyabl placeto be. For example, in addition to the moviw room, MailSouth has several plasmaw televisions scattered throughoutits offices. There is also a free on-sitee employee fitness center that includes occasionalpaerobics classes. And since the company has approximatel 30 graphic artistson staff, employee artwork is displayed throughout the building.
“We try to do little things to help keep thing s light inthe office,” said Dawn the human resources managefr at MailSouth. “We’re a deadline-driven business, so the pace is very These sorts of things where people can get away from their desksx and do some fun stuff really does help with The hectic pace of both work and personapl life is one of thereasons Children’sx Health Systems began offering employees the chance to purchases complete take-home dinners.
“Theyh are getting off a long shift, they’re stressefd and they have to pick thekids up,” Dean “This is an option to grab some prettt high-quality food to take home to their We want it to be healthy, tastt food. If it’s no betterr than what you can get at the then I’m not sure you’re helpingf anybody.” While budget cuts are sometimez necessary during economic downturns, Wolfe said it is important not to slasuh or eliminate some of the regulat perks that can help perk up the An employee might be visually confronted with the declining value of a only a few times a Take away free coffee, however, and that is noticex every single day.
“When you start nickel-and-diming employeexs and taking away little things, it makes them feel unappreciated and more like a number than a valuefd resource,” Wolfe said. “And the cost of some of these things is so minimalthat you’rr really not getting that much of a You want to continue to do the smalp things to make sure that your employee feel valued.” Because when it comexs to maintaining employee morale, the little thinge often do mean a lot. “In life in general, it’s the smalk things that get us through. It’se the daily touches,” Hrdlica said.
“The thing that keeps employees engaged is how you feel at the end of the day when youleaver work. You get a tremendous return on investmentt by just letting peopls know that youappreciate them.” Birmingham.Byg Cary Estes | SPECIAL In tough economic it is nice to know you can stilol afford dinner and a movie. It is even nicer when it’s supplied by your employer. Experts say small perks, like movies and meals being offere by somelocal employers, can go a long way toward appeasing employees who have been battered in receng months by plummeting frozen pension plans and even the layoffzs of some of their co-workers.
Tuesday, September 25, 2012
Dylan and Lennon: A One-Sided Friendship - The Atlantic
xszeyluje.blogspot.com
Dylan and Lennon: A One-Sided Friendship The Atlantic Scott Beauchamp & Alex Shephard - Scott Beauchamp and Alex Shephard are writers based in Brooklyn. Beauchamp has written for Book Riot, The Daily Beast, and The Huffington Post. Shephard is the founding editor of the online literary review Full Stop. |
Monday, September 24, 2012
Best CFOs of the year - Houston Business Journal:
meaning-sarajevo.blogspot.com
Jesse Perez is the chiec financial officerfor Houston-baseds Geotrace Technologies Inc., a reservoir servicew company that provides subsurface imaging solutions to the oil and gas industrgy worldwide. Perez joined Geotrace in May and now has more than 28 yearas of experience in thegeophysical industry. Under his leadership, new accountinhg systems, procedures and improved internal controls were implementecd which greatly enhanced the quality and timinb of financial reporting for both internalk andexternal users. Additionally, he led severa successful debt-refinancing initiatives duringhis tenure, which improvedd the capital and debt structure of the company.
Prior to joining Geotrace, Perez was vice president/controllere of Flow Products Inc., a division of Precisiobn Castparts Corp. From 2001 to 2002, he was CFO of He also servefd as chief financial officer of ReservoireTechnologies Inc. from 1999 to 2001. From 1980 through he held a variety of financial positions with WesternGeophysical Co. in Houston and including senior VP, finance and administration and VP/controller. He receiver a bachelor of science degree in accounting from the at Clear Lake and is a Certifiesd Public Accountantin Texas.
John Biedermann implemented a successful financial plan for Entelligence including innovative strategies for reducing costs and increasing With his streamlinedbusiness model, he has directly contributee to the company’s growth and financial gains. Biedermanhn achieved cost advantage at Entelligencewith value-generating activities and has piloted the company’as success by identifying and evaluatinbg its core competencies and revamping all He has also led the differentiatiojn of Entelligence from its competitors. Biedermann has identifiedr customer needs and realigned strategic positions to better support the solution offeringsfor Entelligence’s partners.
An inspirationakl leader, he has made an impactr on everyone who works at Entelligence and encourages employees to be the best theycan be. A graduate of , Biedermanh holds a BS in accounting. Donna Charleson joinedd The Right Step inOctober 2006, bringingf almost 20 years of professional experience to her role as chief financial officer. Upon earning her BBA from the University ofHouston (with a concentration in she started her career with the Houston office of Arthur Andersen & Co., advancing to audit manager.
Her clientz consisted of both public and private companies concentrated in the constructionand engineering, nonprofit and retail She later joined a localp CPA firm as audit principal, working with clients in the savinge and loan industry. In Charleson entered the health care field as CFO for a local Houston clinical reference laboratory associated with the MemoriallHospital System. Later experience included stints at aHouston physician-owned clinic, a large behavioral health managed-care company and two publiclt owned, national clinical reference laboratories.
Her most recenrt experience prior to The Rightf Step was as CFO fora Houston-basee developer of ambulatory surgery outpatient cardiac labs and small rurakl hospitals. Throughout her career, Charlesonm has championed not only financial discipline and rigor for her but also a primary focus on superiof client andpatient service. She believes the two missione areintertwined — an organization must be both financiallty healthy and dedicated to superior customer Charleson is a member of the Gulf Coast chapter of the Healty Care Financial Management Association, the AICPA and the Texas Society of CPAs. Rig-Up Services Inc.
Roy Johnson, chiefr financial officer of Rig-Up Services is responsible for financial administration and international trade activities Johnsonbecame Rig-Up’s CFO in 2007 amd has sincde accomplished a number of key objectivese including restructuring and renegotiatin g customer agreements, leading an internal audit, providingt an accurate calculation of overhead and developing a structure to secure and financer a management buyout and replacing existing lines of credirt that doubled borrowing capacity while lowering interest As a direct result of this work, Rig-Up Services was able to doubl e net income in 2008 from the previoues year while sales remainexd relatively constant.
Over the past 20 Johnson has experienced success intraditional finance, administrative and accountintg functions, as well as project management, banking, international trade and corporate legal Prior to joining Rig-Up, Johnsojn was managing director of the corporate financd group of the Llama Co., a private investmentf bank of the family. Johnson is conversant in Spanish and has completede multiple transactions across Central and South He received a degree in industrial distributiobn fromTexas A&M University where he was nameed the outstanding student in 1984 and is a former accreditedr valuation analyst with ADC Rig Services Inc.
Kimberly Macias graduated from the University of Houstonb in 2001 witha bachelor’sz degree in finance.
Jesse Perez is the chiec financial officerfor Houston-baseds Geotrace Technologies Inc., a reservoir servicew company that provides subsurface imaging solutions to the oil and gas industrgy worldwide. Perez joined Geotrace in May and now has more than 28 yearas of experience in thegeophysical industry. Under his leadership, new accountinhg systems, procedures and improved internal controls were implementecd which greatly enhanced the quality and timinb of financial reporting for both internalk andexternal users. Additionally, he led severa successful debt-refinancing initiatives duringhis tenure, which improvedd the capital and debt structure of the company.
Prior to joining Geotrace, Perez was vice president/controllere of Flow Products Inc., a division of Precisiobn Castparts Corp. From 2001 to 2002, he was CFO of He also servefd as chief financial officer of ReservoireTechnologies Inc. from 1999 to 2001. From 1980 through he held a variety of financial positions with WesternGeophysical Co. in Houston and including senior VP, finance and administration and VP/controller. He receiver a bachelor of science degree in accounting from the at Clear Lake and is a Certifiesd Public Accountantin Texas.
John Biedermann implemented a successful financial plan for Entelligence including innovative strategies for reducing costs and increasing With his streamlinedbusiness model, he has directly contributee to the company’s growth and financial gains. Biedermanhn achieved cost advantage at Entelligencewith value-generating activities and has piloted the company’as success by identifying and evaluatinbg its core competencies and revamping all He has also led the differentiatiojn of Entelligence from its competitors. Biedermann has identifiedr customer needs and realigned strategic positions to better support the solution offeringsfor Entelligence’s partners.
An inspirationakl leader, he has made an impactr on everyone who works at Entelligence and encourages employees to be the best theycan be. A graduate of , Biedermanh holds a BS in accounting. Donna Charleson joinedd The Right Step inOctober 2006, bringingf almost 20 years of professional experience to her role as chief financial officer. Upon earning her BBA from the University ofHouston (with a concentration in she started her career with the Houston office of Arthur Andersen & Co., advancing to audit manager.
Her clientz consisted of both public and private companies concentrated in the constructionand engineering, nonprofit and retail She later joined a localp CPA firm as audit principal, working with clients in the savinge and loan industry. In Charleson entered the health care field as CFO for a local Houston clinical reference laboratory associated with the MemoriallHospital System. Later experience included stints at aHouston physician-owned clinic, a large behavioral health managed-care company and two publiclt owned, national clinical reference laboratories.
Her most recenrt experience prior to The Rightf Step was as CFO fora Houston-basee developer of ambulatory surgery outpatient cardiac labs and small rurakl hospitals. Throughout her career, Charlesonm has championed not only financial discipline and rigor for her but also a primary focus on superiof client andpatient service. She believes the two missione areintertwined — an organization must be both financiallty healthy and dedicated to superior customer Charleson is a member of the Gulf Coast chapter of the Healty Care Financial Management Association, the AICPA and the Texas Society of CPAs. Rig-Up Services Inc.
Roy Johnson, chiefr financial officer of Rig-Up Services is responsible for financial administration and international trade activities Johnsonbecame Rig-Up’s CFO in 2007 amd has sincde accomplished a number of key objectivese including restructuring and renegotiatin g customer agreements, leading an internal audit, providingt an accurate calculation of overhead and developing a structure to secure and financer a management buyout and replacing existing lines of credirt that doubled borrowing capacity while lowering interest As a direct result of this work, Rig-Up Services was able to doubl e net income in 2008 from the previoues year while sales remainexd relatively constant.
Over the past 20 Johnson has experienced success intraditional finance, administrative and accountintg functions, as well as project management, banking, international trade and corporate legal Prior to joining Rig-Up, Johnsojn was managing director of the corporate financd group of the Llama Co., a private investmentf bank of the family. Johnson is conversant in Spanish and has completede multiple transactions across Central and South He received a degree in industrial distributiobn fromTexas A&M University where he was nameed the outstanding student in 1984 and is a former accreditedr valuation analyst with ADC Rig Services Inc.
Kimberly Macias graduated from the University of Houstonb in 2001 witha bachelor’sz degree in finance.
Saturday, September 22, 2012
Najib: Urban folk not neglected - New Straits Times
raisavydyexuwowi.blogspot.com
New Straits Times | Najib: Urban folk not neglected New Straits Times KUALA LUMPUR: WITH rapid urbanisation across the nation, the government has made efforts to improve the people's lives. Prime Minister Datuk Seri Najib Razak said with about 70 per cent of the population concentrated in urban areas, the government ... Pudu Sent ral now known as Kuala Lumpur UTC building Blue Ocean Strategy Gives New Ideas To Government - Najib PM launches first 1Malaysia bookstore |
Friday, September 21, 2012
Cape Wind secures permits to begin construction - Charlotte Business Journal:
martaemimbzini.blogspot.com
State Energy Facilities Siting Boarsd members unanimously approved the project with minord modificationslast week, and state Undersecretary for Energuy Ann Berwick signed the certificate Thursday. The certificated completes seven years of local and state environmentakl review ofthe project. “Massachusetts has done its job to give this projecgt a long and thorough review on the and the federal review process is winding to a said Gov. Deval Patrick in a preparef written statement. “The time has come to see the firsft offshore wind farm in America rise off theMassachusettsx coast, a powerful symbol of our commitment to a cleahn energy future.
” The composite permit grantedd by the state can only be overturnedx by the . Cape Wind stil needs final approval fromthe U.S. Minerals Management Servicse tobegin construction.
State Energy Facilities Siting Boarsd members unanimously approved the project with minord modificationslast week, and state Undersecretary for Energuy Ann Berwick signed the certificate Thursday. The certificated completes seven years of local and state environmentakl review ofthe project. “Massachusetts has done its job to give this projecgt a long and thorough review on the and the federal review process is winding to a said Gov. Deval Patrick in a preparef written statement. “The time has come to see the firsft offshore wind farm in America rise off theMassachusettsx coast, a powerful symbol of our commitment to a cleahn energy future.
” The composite permit grantedd by the state can only be overturnedx by the . Cape Wind stil needs final approval fromthe U.S. Minerals Management Servicse tobegin construction.
Wednesday, September 19, 2012
Tuesday, September 18, 2012
Twin Cities banks
sunrise-invoices.blogspot.com
Three of those, Woodbury-based Forest Lake-based Mainstreet Bank and Otsego-based Riverview Community Bank reported capitalp ratios below the regulatory threshol d for adequate capitalization for the first quartetrof 2009, according to the Federall Deposit Insurance Corp. The other six have capital levels that have dippee belowthe well-capitalized classification. Those are , based in Inter Savings Bank, basex in Maple Grove; Community Bank Plymouth, based in Access Bank, based in Champlin; Great Northern Bank, basec in St. Michael; and , basef in Eden Prairie. A bank’ss capital ratio is determined by dividintg its capital byits assets.
The higher the capital ratio, the better protected it is against Whena bank’s capital ratios dwindle below levels regulatorsw deem safe for that bank’s risk profile, regulatores can take action ranging from ordering a bank to improvd its performance, to shutting it down. First Integrity Bank of Minnesota’s only bank failure in the currentbankinbg crisis, had capital ratios near zero when regulatorsz shut it down in May 2008. “There are some capital ratios that don’t look good,” said Brad chairman of the MinnesotaBankerd Association, as well as presiden t and CEO of Citizens Independent Bank in St. Louis Park.
“k personally don’t expect [any more Minnesota] banks to You may see some that are mergedor acquired. If you look at threed banks and we’re talking about 450 banks [in Minnesota], that’s a pretty smalkl fraction.” Brickwell on Monday filesd an offering with the Securities and Exchange Commissionn toraise $8 million. “We’re certainly trying to raiser as much capital aswe can,” said Brickwell CEO and Presidentf Ivar Peterson. Mainstreet Bank sold its Cottagde Grove branch in March to Merchantsa FinancialGroup Inc., based in Winona, as part of its “capital restoration plan.
” Karen Greisinger, a spokeswoman for the said details of the plan are not being made adding, “If you’re earmarked as a troublec bank, it doesn’t mean you’re going to fail.” Representativees of Riverview Community Bank coulsd not be reached for comment. Capital-raising is top priorit for some of the othedr banks whose ratios have fallen belowthe well-capitalized threshold.
“We are in the processz of raising significant capital from our existing saidScott Thomas, president of Access Bank, addinvg that he expects the new capitao in the second Thomas said the bank will amend its first-quartetr numbers retroactively, and the new filinfg will reflect higher capital BankFirst also has a capital plan and has been workingt over the past 18 monthe to improve its balance sheet, said David Grandstrand, the bank’ president, in a statement. “The bank has made significantf progress in reducing the size of the balancedsheet (which improves capital ratios) and reducing and both of those initiatives continue.
” Scottf Weaver, president and chief operatingv officer of Voyager Bank, said his bank also is shorintg up its capital position. Officials from the othert banks on thelist couldn’t be reached for comment, or had no
Three of those, Woodbury-based Forest Lake-based Mainstreet Bank and Otsego-based Riverview Community Bank reported capitalp ratios below the regulatory threshol d for adequate capitalization for the first quartetrof 2009, according to the Federall Deposit Insurance Corp. The other six have capital levels that have dippee belowthe well-capitalized classification. Those are , based in Inter Savings Bank, basex in Maple Grove; Community Bank Plymouth, based in Access Bank, based in Champlin; Great Northern Bank, basec in St. Michael; and , basef in Eden Prairie. A bank’ss capital ratio is determined by dividintg its capital byits assets.
The higher the capital ratio, the better protected it is against Whena bank’s capital ratios dwindle below levels regulatorsw deem safe for that bank’s risk profile, regulatores can take action ranging from ordering a bank to improvd its performance, to shutting it down. First Integrity Bank of Minnesota’s only bank failure in the currentbankinbg crisis, had capital ratios near zero when regulatorsz shut it down in May 2008. “There are some capital ratios that don’t look good,” said Brad chairman of the MinnesotaBankerd Association, as well as presiden t and CEO of Citizens Independent Bank in St. Louis Park.
“k personally don’t expect [any more Minnesota] banks to You may see some that are mergedor acquired. If you look at threed banks and we’re talking about 450 banks [in Minnesota], that’s a pretty smalkl fraction.” Brickwell on Monday filesd an offering with the Securities and Exchange Commissionn toraise $8 million. “We’re certainly trying to raiser as much capital aswe can,” said Brickwell CEO and Presidentf Ivar Peterson. Mainstreet Bank sold its Cottagde Grove branch in March to Merchantsa FinancialGroup Inc., based in Winona, as part of its “capital restoration plan.
” Karen Greisinger, a spokeswoman for the said details of the plan are not being made adding, “If you’re earmarked as a troublec bank, it doesn’t mean you’re going to fail.” Representativees of Riverview Community Bank coulsd not be reached for comment. Capital-raising is top priorit for some of the othedr banks whose ratios have fallen belowthe well-capitalized threshold.
“We are in the processz of raising significant capital from our existing saidScott Thomas, president of Access Bank, addinvg that he expects the new capitao in the second Thomas said the bank will amend its first-quartetr numbers retroactively, and the new filinfg will reflect higher capital BankFirst also has a capital plan and has been workingt over the past 18 monthe to improve its balance sheet, said David Grandstrand, the bank’ president, in a statement. “The bank has made significantf progress in reducing the size of the balancedsheet (which improves capital ratios) and reducing and both of those initiatives continue.
” Scottf Weaver, president and chief operatingv officer of Voyager Bank, said his bank also is shorintg up its capital position. Officials from the othert banks on thelist couldn’t be reached for comment, or had no
Monday, September 17, 2012
Browns' rookies, offense come to life, but defense comes up empty - Chronicle-Telegram (blog)
disadvantage-unlimited.blogspot.com
Browns' rookies, offense come to life, but defense comes up empty Chronicle-Telegram (blog) Browns' rookies, offense come to life, but defense comes up empty. Filed by Scott Petrak September 17th, 2012 in Browns Notes. Print this story. Read comments and discuss this story. CINCINNATI â€" Brandon Weeden's passer rating was 109.8 points higher ... |
Saturday, September 15, 2012
UAE ramps up cooperation to boost intellectual property - Khaleej Times
moffaiqohegesa1490.blogspot.com
Gulf Today | UAE ramps up cooperation to boost intellectual property Khaleej Times DUBAI â€" The UAE is keen to enhance international level cooperation on best practices in intellectual property to build a knowledge based economy, UAE Minister of Economy Sultan bin Saeed Al Mansouri said. The minister's comment released on the ... UAE, South Korea discuss advance framework for cooperation on Intellectual ... |
Friday, September 14, 2012
Survey: Hiring slowly improving - The Business Journal of Milwaukee:
ignatiywulyxura.blogspot.com
Those two sectors employ more than 90 percentt ofthe nation’s private-sector workers. The Va.-based association’s report is based on a monthly surveg of human resource professionals at more than 500 manufacturingg and 500services companies. Employmenr expectations for June aredown 37.1 percent in manufacturingt and down 8.2 percent in the servicexs segment. In the manufacturing sector, 24.5 percen plan to hire in June, which is the highestf percentage of such companies that said they will add jobs sincdNovember 2008. In addition, 25.9 percent said they will trim In theservices sector, a net total of 24.8 percenyt of corporations will create jobs in with 41.
4 percent saying they will hire and 16.6 percenf saying they will cut jobs. That 41.4 percent representds the highest such tally since September 2008 in that A combination of unemployede people seeking work and less jobs to go around meane recruiting difficulty in both sectorzs in May was way down compared with ayear ago. In the manufacturing sector, a net of 23.8 percent of companiesx had less difficulty with recruitinglast month, and in the servicew sector, a net of 35.8 percent of companiez said the same.
Those two sectors employ more than 90 percentt ofthe nation’s private-sector workers. The Va.-based association’s report is based on a monthly surveg of human resource professionals at more than 500 manufacturingg and 500services companies. Employmenr expectations for June aredown 37.1 percent in manufacturingt and down 8.2 percent in the servicexs segment. In the manufacturing sector, 24.5 percen plan to hire in June, which is the highestf percentage of such companies that said they will add jobs sincdNovember 2008. In addition, 25.9 percent said they will trim In theservices sector, a net total of 24.8 percenyt of corporations will create jobs in with 41.
4 percent saying they will hire and 16.6 percenf saying they will cut jobs. That 41.4 percent representds the highest such tally since September 2008 in that A combination of unemployede people seeking work and less jobs to go around meane recruiting difficulty in both sectorzs in May was way down compared with ayear ago. In the manufacturing sector, a net of 23.8 percent of companiesx had less difficulty with recruitinglast month, and in the servicew sector, a net of 35.8 percent of companiez said the same.
Thursday, September 13, 2012
How to stop stress from wreaking havoc in your workplace - bizjournals:
jaqezuweg.blogspot.com
While fears of layoffs, job losses, hiringg freezes, pay and benefit cuts and reduced hours have a negativd effecton employees, the company as a wholed suffers as a result. According to expertsx at the , stress costs businesses in the United States $300 billion annually. This averagees out to approximately $7,500 per employee for expenditurees such as hiring temps or paying overtimd tocover absenteeism, increased medical costs and incurred expenses from turnover. Stress causes mental and emotional wear and tear on the It manifests in a variety of suchas anxiety, aggression, irritability, withdrawapl or depression.
Studies have shown that stress contribute s to ailments suchas migraines, insomnia, hearg disease, increased drug and alcohol use, elevaterd anger, change in eating habits and unsatisfactoru work performance. Regardless of the form it stress results inreduced productivity, absenteeism, burnout and increase medical expenses. According to the stress institute, 60 to 80 percenrt of workplace accidents arestress related. Stress is a fact of but it does not have to be a way of As Selyedefined it, stresas is often the result of perceived stressors. a study by the reportxs that 40 percent of workers viewed theird job ashighly stressful.
Therefore, an individual’s outloo k can determine the level of stress he or she Situations that are stressfulfor some, such as tightg deadlines, may give certain peopls a rush, whereas others face it as a tumultuouzs situation. What can companies do to help employees dealwith stress? Employers who offer an effective employe e assistance program have an excellent resource for employeesd and families. An EAP provides employees with a confidentialp access to mental health professionals who can help them better dealwith stress. Additionally, managers and supervisors are the frontlin e defenseagainst stress.
There are several effective techniquees that managers and supervisors can utilize to help their employees dealwith stress. Show Taking the time to praise positive work performance illustratesd to employees that their effortsare recognized, and, in they feel that their work is valuable. Relaying verbal praise, sending a thank you note and givinf a positive annual work appraisal are some ways that managerx can expresstheir gratitude. Showing appreciation can have a positivs effect onyour company’s performance as well by motivating employeess to do their best. Treat employees fairly.
Whilee each employee is unique and has different all employees want to be treated While some employees like tobe praised, otherw are fine without it. Managers should take the time to understandc what makes eachemployee tick. Doing so requires managers to get acquainted withtheir employees, and in turn they are better in tune to thei r state of mind and recognize when they are feelin stressed. If managers know their employees, then they will recogniz e that certain employees are feeling stressexd and will take the appropriated steps to help them get more of theirneeds met.
Encourage employees to take better care of Employees that maintain a healthy lifestyler are better able tohandle stress. In doing so, they will feel betted physically and are better able to cope with stresas and evenreduce it. As a result, they are also able to maintain satisfactoryperformance levels. employees who build solid supportsystems family, friends, church – have a personal outlett to express their fears and frustrations and help find relief. communicate, communicate. Much of the stresds related to the economy is rootedin uncertainty. Transparency can help alleviatethat uncertainty.
Companies that establish open lines of communication with theitr work force build a greater level of trust with their employees and allow them to bettetr prepare for any changes that may Provide training and People are most often stressedx when they feel a situation is out oftheir control. By encouragin employees to direct their activities in a positivr direction and learn to let go of the thing s out oftheir control, they are often able to achieve a sensd of empowerment. Allowing employees to improve their job skillxs by taking a class and learninh a new skill during difficult financial timea improves their valueand self-esteem as employees and help build toward theird career goals.
Change is happening all aroundx us, not just in the Some people cope with changre betterthan others. Others try to avoif it becausethey don’t have the skills to navigate througy it and are content to stay in theire comfort zone. This group will have less and less controo over the outcome of change and are more likely tofeel
While fears of layoffs, job losses, hiringg freezes, pay and benefit cuts and reduced hours have a negativd effecton employees, the company as a wholed suffers as a result. According to expertsx at the , stress costs businesses in the United States $300 billion annually. This averagees out to approximately $7,500 per employee for expenditurees such as hiring temps or paying overtimd tocover absenteeism, increased medical costs and incurred expenses from turnover. Stress causes mental and emotional wear and tear on the It manifests in a variety of suchas anxiety, aggression, irritability, withdrawapl or depression.
Studies have shown that stress contribute s to ailments suchas migraines, insomnia, hearg disease, increased drug and alcohol use, elevaterd anger, change in eating habits and unsatisfactoru work performance. Regardless of the form it stress results inreduced productivity, absenteeism, burnout and increase medical expenses. According to the stress institute, 60 to 80 percenrt of workplace accidents arestress related. Stress is a fact of but it does not have to be a way of As Selyedefined it, stresas is often the result of perceived stressors. a study by the reportxs that 40 percent of workers viewed theird job ashighly stressful.
Therefore, an individual’s outloo k can determine the level of stress he or she Situations that are stressfulfor some, such as tightg deadlines, may give certain peopls a rush, whereas others face it as a tumultuouzs situation. What can companies do to help employees dealwith stress? Employers who offer an effective employe e assistance program have an excellent resource for employeesd and families. An EAP provides employees with a confidentialp access to mental health professionals who can help them better dealwith stress. Additionally, managers and supervisors are the frontlin e defenseagainst stress.
There are several effective techniquees that managers and supervisors can utilize to help their employees dealwith stress. Show Taking the time to praise positive work performance illustratesd to employees that their effortsare recognized, and, in they feel that their work is valuable. Relaying verbal praise, sending a thank you note and givinf a positive annual work appraisal are some ways that managerx can expresstheir gratitude. Showing appreciation can have a positivs effect onyour company’s performance as well by motivating employeess to do their best. Treat employees fairly.
Whilee each employee is unique and has different all employees want to be treated While some employees like tobe praised, otherw are fine without it. Managers should take the time to understandc what makes eachemployee tick. Doing so requires managers to get acquainted withtheir employees, and in turn they are better in tune to thei r state of mind and recognize when they are feelin stressed. If managers know their employees, then they will recogniz e that certain employees are feeling stressexd and will take the appropriated steps to help them get more of theirneeds met.
Encourage employees to take better care of Employees that maintain a healthy lifestyler are better able tohandle stress. In doing so, they will feel betted physically and are better able to cope with stresas and evenreduce it. As a result, they are also able to maintain satisfactoryperformance levels. employees who build solid supportsystems family, friends, church – have a personal outlett to express their fears and frustrations and help find relief. communicate, communicate. Much of the stresds related to the economy is rootedin uncertainty. Transparency can help alleviatethat uncertainty.
Companies that establish open lines of communication with theitr work force build a greater level of trust with their employees and allow them to bettetr prepare for any changes that may Provide training and People are most often stressedx when they feel a situation is out oftheir control. By encouragin employees to direct their activities in a positivr direction and learn to let go of the thing s out oftheir control, they are often able to achieve a sensd of empowerment. Allowing employees to improve their job skillxs by taking a class and learninh a new skill during difficult financial timea improves their valueand self-esteem as employees and help build toward theird career goals.
Change is happening all aroundx us, not just in the Some people cope with changre betterthan others. Others try to avoif it becausethey don’t have the skills to navigate througy it and are content to stay in theire comfort zone. This group will have less and less controo over the outcome of change and are more likely tofeel
Tuesday, September 11, 2012
Ferret study underlines persistent threat of swine flu viruses - CIDRAP
tenamup.wordpress.com
Ferret study underlines persistent threat of swine flu viruses CIDRAP Ferret study underlines persistent threat of swine flu viruses. Robert Roos * News Editor. Sep 11, 2012 (CIDRAP News) â€" A Korean-US research team has identified an H1N2 strain of swine influenza capable of killing ferrets and spreading among them by ... |
Monday, September 10, 2012
D.C-area SBA lending rebounds in April - bizjournals:
lebexab.wordpress.com
There were 41 SBA loans made to Washington-area businessees in April — 58 percent more than the average numbert of loans during the previousthree months. Lenderws chalk the improvement up to the Marchj 16 moves by the SBA to eliminated feeson 7(a) and 504 loans and to increase the maximuj government guarantee to 90 percent from 85 The changes were part of the federall stimulus package and led to an immediates nationwide bump in SBA lending.
Additional measures including initiatives aimed at unsticking the secondary market for SBA loanws and a program of temporary bridge loanes to help struggling companies make paymentson non-SBA loansz — are expected to be implemented in (See story on Page 9.) “Thwe fee reduction, in particular, has caused smalo businesses to step up that mighgt otherwise not have boughy buildings in this economy,” said Sally Robertson, president of Fairfax-basecd Business Finance Group the largest local SBA One of those businesses was Cork Wine Bar, which on May 20 closes on a loan of more than $1 milliom from Business Finance Group to buy a nearby building for When Cork heard about the fee waiver for SBA the company sped up its expansiobn plans, to make sure it could take advantage of the said Khalid Pitts, co-owner.
He and co-owner Diane Gross approachedf for a loan but were told not tobotheer applying, he said. They then went to Bethesda-baseed EagleBank, which referred them to Business Finance Grou and its SBA504 loans, whicuh fund real estate or equipment purchases. When the recessiobn set in last year, demand for 504 loanw tanked as small business grew wary of makinyglarge investments. Cork is an examplee of how, to some that mindset is changing, Robertson said. “Businessx owners are finally seeing thatmaybe we’ve hit the she said. “Real estate prices are Combine that with a low interest rate and low fees and it now makes a lot of sense for businessewsto invest.
” In April, Businesss Finance Group got nine loanxs approved through the SBA, up from threed to five loans during the previous severapl months. The company is on pace to get at leas t 14 loans approvedin May. But Robertson hesitates to call thisa “I tend to be a glass three-quarters-full she said. “But we are definitelh seeing signs that thingsare improving.” Robertsobn and other local lenders, however, believe therse is still a ways to go beforee lending reaches “normal” levels. The numbere of SBA loans made to Washington-area companies plummeter 44 percent during the fiscal year that endexin September.
So far, this fiscal year is down an additionalp61 percent. And despite last month’s the number of loans still was 64 percent belowaApril 2007. A December study by the found that economi uncertainty was atan all-time high and a thire of small businesses couldn’t obtain adequated financing to run their businesses. The NSBA has not done any follow-u surveys yet, but “the outlook is probably less dismal than it saidMolly Brogan, spokeswoman for the organization. “The SBA number s are a glimmer of hope in the minds ofsmalk businesses. But there is still some [bad out there that’s probably preventing a broad upsurgerin optimism.
” That also is the view of Dan group president of the Washington region for BB&T, the region’s largesft lender of SBA 7(a) guaranteedr loans, which fund startups, expansion, acquisitions and workiny capital. While BB&T has seen increased SBA loan volume the past couplerof months, small businesses are still beinh very cautious, he said. “They’res doing mission-critical things. I don’t think anybody’s overly optimistic and willing to step out there and take abig gamble,” Waetjen said. “They’ve probably learned that’s not a good thin to do.
” EagleBank, the largest locally based bank SBA also has seen a bump in SBA said CEORon Paul. “It’s hopefully an indicator that the programs the government is puttin into placeare working,” he EagleBank sells a lot of its SBA loansz into the secondary market, which prettt much collapsed last fall. In June, the SBA planss to begin making loansto broker-dealers who purchase 7(a) loans from lendersd and pool them into securities. The SBA also will guarantede poolsof first-lien 504 loans sold on the secondarh market.
There were 41 SBA loans made to Washington-area businessees in April — 58 percent more than the average numbert of loans during the previousthree months. Lenderws chalk the improvement up to the Marchj 16 moves by the SBA to eliminated feeson 7(a) and 504 loans and to increase the maximuj government guarantee to 90 percent from 85 The changes were part of the federall stimulus package and led to an immediates nationwide bump in SBA lending.
Additional measures including initiatives aimed at unsticking the secondary market for SBA loanws and a program of temporary bridge loanes to help struggling companies make paymentson non-SBA loansz — are expected to be implemented in (See story on Page 9.) “Thwe fee reduction, in particular, has caused smalo businesses to step up that mighgt otherwise not have boughy buildings in this economy,” said Sally Robertson, president of Fairfax-basecd Business Finance Group the largest local SBA One of those businesses was Cork Wine Bar, which on May 20 closes on a loan of more than $1 milliom from Business Finance Group to buy a nearby building for When Cork heard about the fee waiver for SBA the company sped up its expansiobn plans, to make sure it could take advantage of the said Khalid Pitts, co-owner.
He and co-owner Diane Gross approachedf for a loan but were told not tobotheer applying, he said. They then went to Bethesda-baseed EagleBank, which referred them to Business Finance Grou and its SBA504 loans, whicuh fund real estate or equipment purchases. When the recessiobn set in last year, demand for 504 loanw tanked as small business grew wary of makinyglarge investments. Cork is an examplee of how, to some that mindset is changing, Robertson said. “Businessx owners are finally seeing thatmaybe we’ve hit the she said. “Real estate prices are Combine that with a low interest rate and low fees and it now makes a lot of sense for businessewsto invest.
” In April, Businesss Finance Group got nine loanxs approved through the SBA, up from threed to five loans during the previous severapl months. The company is on pace to get at leas t 14 loans approvedin May. But Robertson hesitates to call thisa “I tend to be a glass three-quarters-full she said. “But we are definitelh seeing signs that thingsare improving.” Robertsobn and other local lenders, however, believe therse is still a ways to go beforee lending reaches “normal” levels. The numbere of SBA loans made to Washington-area companies plummeter 44 percent during the fiscal year that endexin September.
So far, this fiscal year is down an additionalp61 percent. And despite last month’s the number of loans still was 64 percent belowaApril 2007. A December study by the found that economi uncertainty was atan all-time high and a thire of small businesses couldn’t obtain adequated financing to run their businesses. The NSBA has not done any follow-u surveys yet, but “the outlook is probably less dismal than it saidMolly Brogan, spokeswoman for the organization. “The SBA number s are a glimmer of hope in the minds ofsmalk businesses. But there is still some [bad out there that’s probably preventing a broad upsurgerin optimism.
” That also is the view of Dan group president of the Washington region for BB&T, the region’s largesft lender of SBA 7(a) guaranteedr loans, which fund startups, expansion, acquisitions and workiny capital. While BB&T has seen increased SBA loan volume the past couplerof months, small businesses are still beinh very cautious, he said. “They’res doing mission-critical things. I don’t think anybody’s overly optimistic and willing to step out there and take abig gamble,” Waetjen said. “They’ve probably learned that’s not a good thin to do.
” EagleBank, the largest locally based bank SBA also has seen a bump in SBA said CEORon Paul. “It’s hopefully an indicator that the programs the government is puttin into placeare working,” he EagleBank sells a lot of its SBA loansz into the secondary market, which prettt much collapsed last fall. In June, the SBA planss to begin making loansto broker-dealers who purchase 7(a) loans from lendersd and pool them into securities. The SBA also will guarantede poolsof first-lien 504 loans sold on the secondarh market.
Saturday, September 8, 2012
Cross-Realm Zones and roleplay: A perfect combination? - Joystiq
hundleyobajoji1908.blogspot.com
Cross-Realm Zones and roleplay: A perfect combination? Joystiq For roleplayers, roleplay has typically been restricted to whatever realm you happen to choose. Some roleplaying realms are far more populated than others. This means that new roleplayers tend to flock to these realms as well -- after all, if you're ... |
Friday, September 7, 2012
Comcast to put Turner Broadcasting shows online - Philadelphia Business Journal:
humojo.wordpress.com
The companies also agreeed to a set of principlea governing the online distribution of TV shows in a modekl they callTV Everywhere. The announcement by New York-basexd Time Warner (NYSE:TWC) and Philadelphia-based Comcast (NASDAQ:CMCSA,CMCSK) comes in the wake of the successx of Web sites like the one run byHulu LLC, whicnh streams popular shows and moviez online for free. At the heart of the principlesa to which they agreed is the concept that cable subscribers should be able to use their computers and cell phones to access the same programminvg they have paid to receive ontheir TVs.
As a step towarcd making that happen, Comcast said that next monthn it will begin testing a service it callse OnDemand Online. Initially, Comcast will make programsw fromTurner Broadcasting’s TNT and TBS stationds available online to its cable customers at no charge. Over time it intendws to expand the amount of programming and add featurezs tothe service, as well as bring in otherd programmers. Time Warner said it expects to announce similar trials with other distributors.
The companies also agreeed to a set of principlea governing the online distribution of TV shows in a modekl they callTV Everywhere. The announcement by New York-basexd Time Warner (NYSE:TWC) and Philadelphia-based Comcast (NASDAQ:CMCSA,CMCSK) comes in the wake of the successx of Web sites like the one run byHulu LLC, whicnh streams popular shows and moviez online for free. At the heart of the principlesa to which they agreed is the concept that cable subscribers should be able to use their computers and cell phones to access the same programminvg they have paid to receive ontheir TVs.
As a step towarcd making that happen, Comcast said that next monthn it will begin testing a service it callse OnDemand Online. Initially, Comcast will make programsw fromTurner Broadcasting’s TNT and TBS stationds available online to its cable customers at no charge. Over time it intendws to expand the amount of programming and add featurezs tothe service, as well as bring in otherd programmers. Time Warner said it expects to announce similar trials with other distributors.
Thursday, September 6, 2012
2009 WNY middle school rankings - Houston Business Journal:
sucujovide.wordpress.com
Profiles of the top 25 schools can be reached by clickinb on the names of those schools A breakdown of the rankings for each sectionj of Western New York can be accessexby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary School, HS-Highn School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle School, PS-Primary SHS-Senior High School, VHS-Vocational High School. Each school is followed by the name of the districf that operatesit (if it’s a public school) or the district where it is located (if it’s a private • 1. • 2. 3. • 4. • 5. • 6. 7.
• 8. • 9. • 10. • 11. 12. • 13. • 14. • 15.
Profiles of the top 25 schools can be reached by clickinb on the names of those schools A breakdown of the rankings for each sectionj of Western New York can be accessexby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary School, HS-Highn School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle School, PS-Primary SHS-Senior High School, VHS-Vocational High School. Each school is followed by the name of the districf that operatesit (if it’s a public school) or the district where it is located (if it’s a private • 1. • 2. 3. • 4. • 5. • 6. 7.
• 8. • 9. • 10. • 11. 12. • 13. • 14. • 15.
Tuesday, September 4, 2012
Quiksilver secures $150M term loan, posts 2Q profit - Silicon Valley / San Jose Business Journal:
ernstiryastrov.blogspot.com
The Huntington Beach company (NYSE: ZQK) also posteds second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhonwe was made toimprove Quiksilver's liquidity and solidify its bankingt relationships. As part of the terms of the Quiksilver will name a pair of Rhone appointeesz to its boardof directors. Quiksilver also refinanced its credit facilitu with anew three-year, $200 million facility led by and . The companhy is also in discussions with its French bankinh partners to consolidate its European debts into anew multi-yeaf facility.
In the company's earnings the company swung to profitability in theseconed quarter, posting the earnings of 2 centse a share, which included several one-time items. Withoutg the items, the earnings per shared would have been 5 centsa share. Analyst estimatezs placed the earnings at 9 cents a Sales dropped17 percent, coming in at $494.32 million. In the second quarter a year ago, the company lost $206.q2 million, or $1.59 a share, on sales of $596.3 million. That quarter includee losses of $244.9 million from discontinued operations. Quiksilver is an apparepl and accessories company. Its core brandw are Quiksilver, Roxy and DC.
A renewed focux on those core brands are the focus ofthe company'se long-term plan to improve profits.
The Huntington Beach company (NYSE: ZQK) also posteds second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhonwe was made toimprove Quiksilver's liquidity and solidify its bankingt relationships. As part of the terms of the Quiksilver will name a pair of Rhone appointeesz to its boardof directors. Quiksilver also refinanced its credit facilitu with anew three-year, $200 million facility led by and . The companhy is also in discussions with its French bankinh partners to consolidate its European debts into anew multi-yeaf facility.
In the company's earnings the company swung to profitability in theseconed quarter, posting the earnings of 2 centse a share, which included several one-time items. Withoutg the items, the earnings per shared would have been 5 centsa share. Analyst estimatezs placed the earnings at 9 cents a Sales dropped17 percent, coming in at $494.32 million. In the second quarter a year ago, the company lost $206.q2 million, or $1.59 a share, on sales of $596.3 million. That quarter includee losses of $244.9 million from discontinued operations. Quiksilver is an apparepl and accessories company. Its core brandw are Quiksilver, Roxy and DC.
A renewed focux on those core brands are the focus ofthe company'se long-term plan to improve profits.
Monday, September 3, 2012
Spain Leads Europe's $25 Billion Gamble Before ECB: Euro Credit - Bloomberg
efimtsovavadan.blogspot.com
Spain Leads Europe's $25 Billion Gamble Before ECB: Euro Credit Bloomberg Spain Leads Europe's $25 Billion Gamble Before ECB · Spain Leads $25B Europe Gamble Before ECB Meets · Fed Moves Toward Open-Ended Bond Purchases to Satisfy Bernanke · Fed Moves Toward Open-Ended Bond Purchases · Merkel Attacks Markets ... |
Saturday, September 1, 2012
ESPN Zone closes doors in Denver - Business First of Louisville:
sucujovide.wordpress.com
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themedd bar and interactive game centersz across the country, laid off roughly 100 giving each a 60-dagy administrative leave package, according to a companyh statement. Rick Allesandri, an ESPN vice president who overseeeZone operations, said in the statementf that the restaurant could not survive the recession. This economic downturn has been markedf nationally by reduced consumer spending on eatint out and onentertainment “A decision like this is nevetr easy. We recognize and appreciate the commitment and yeara of service of all ofthesw employees,” Allesandri said.
“Unfortunately, the current economic environment offered us no other choice.” The ESPN Zone was a 23,000-square-foot meetingb place for sports fanatics, with one room featurinyg more than a dozem large televisions tuned into contests of all kind and another full of vide and sports games ranging from basketbalkl to bowling. None of the eight other ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt Kovacs, a spokesmenh for the chain. , which owns the Tabor Center, issueds a statement saying itwas “sorryh to hear of their decision to discontinu their Denver operations.
” But the closing of ESPN Zone “haz created a new opportunity for us to bring new concepts to 16th it said. One of those new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 locations operatingv nationwide and another 10 planned. The chain, whic is expected to open its Denved location this fall and to offer outdoofrpatio seating, has signed an 8,300-square-foot leaser at Tabor Center, accordinb to a news The Tilted Kilt began in Las Vegas in 2003 and is notec for its servers dressed in knee-higb socks, short plaid kilts and midriff-barint plaid halter tops. It will be one of a numbee of new tenants opening in the Tabor Centerthis year.
“These new additions to Taborr Center’s retail offering reflect our continuing effortxs to enhance the services and amenities for the customers and visitors to the Tabor saidSteve Budorick, executive vice president and partnedr at Callahan Capital Partners.
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themedd bar and interactive game centersz across the country, laid off roughly 100 giving each a 60-dagy administrative leave package, according to a companyh statement. Rick Allesandri, an ESPN vice president who overseeeZone operations, said in the statementf that the restaurant could not survive the recession. This economic downturn has been markedf nationally by reduced consumer spending on eatint out and onentertainment “A decision like this is nevetr easy. We recognize and appreciate the commitment and yeara of service of all ofthesw employees,” Allesandri said.
“Unfortunately, the current economic environment offered us no other choice.” The ESPN Zone was a 23,000-square-foot meetingb place for sports fanatics, with one room featurinyg more than a dozem large televisions tuned into contests of all kind and another full of vide and sports games ranging from basketbalkl to bowling. None of the eight other ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt Kovacs, a spokesmenh for the chain. , which owns the Tabor Center, issueds a statement saying itwas “sorryh to hear of their decision to discontinu their Denver operations.
” But the closing of ESPN Zone “haz created a new opportunity for us to bring new concepts to 16th it said. One of those new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 locations operatingv nationwide and another 10 planned. The chain, whic is expected to open its Denved location this fall and to offer outdoofrpatio seating, has signed an 8,300-square-foot leaser at Tabor Center, accordinb to a news The Tilted Kilt began in Las Vegas in 2003 and is notec for its servers dressed in knee-higb socks, short plaid kilts and midriff-barint plaid halter tops. It will be one of a numbee of new tenants opening in the Tabor Centerthis year.
“These new additions to Taborr Center’s retail offering reflect our continuing effortxs to enhance the services and amenities for the customers and visitors to the Tabor saidSteve Budorick, executive vice president and partnedr at Callahan Capital Partners.
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