Saturday, September 29, 2012

First Bancorp acquires failed bank - The Business Journal of the Greater Triad Area:

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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.

Friday, September 28, 2012

Danac gets good news from Montgomery County Planning Board - Washington Business Journal:

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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:

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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

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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.



and more »

Monday, September 24, 2012

Best CFOs of the year - Houston Business Journal:

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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

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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

The Borneo Post


Blue Ocean Strategy Gives New Ideas To Government - Najib

Bernama


PM launches first 1Malaysia bookstore

The Sun Daily



 »

Friday, September 21, 2012

Cape Wind secures permits to begin construction - Charlotte Business Journal:

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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.