Monday, January 31, 2011

Schwarzenegger says day of reckoning is here - Pittsburgh Business Times:

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“California’s day of reckoning is he said. With no the state could run out of cash in 14 Three months after the statse budgetwas approved, California faces a $24 billionh deficit. Schwarzenegger has already proposeds massive cutsto education, health care and Now he’s looking for structural reform to make governmeny more efficient and stretch taxpayer dollars. He’s askexd the State Board of Education, for to make textbooks available in digitalformats — a move that couldx save millions. In 2004, the governor talked about blowin g up boxes and consolidating but the initiatives nevergained traction. They’re back.
Schwarzeneggee is proposing once again to eliminate and consolidat e more than a dozenstate departments, boards and This includes the Wastde Management Board, the Court Reporters the Department of Boating and Waterwayx and the Inspection and Maintenance Review Committee. Earliere this year, the state began consolidating informationtechnologyg departments. Now Schwarzenegger wants to consolidatse departments that oversee financial institutions and merge taxcollectiob operations.
In July, state leaders will receivre recommendations on how to modernize thetax “This will be a tremendous opportunity to make our revenuesx more reliable and less volatile and help the statwe avoid the boom and bust budgets that have brought us here Schwarzenegger told lawmakers. It’s not goin g to happen in 14 he said. But it couldd happen before the Legislature adjournss for summer recess onJuly 17.

Saturday, January 29, 2011

Obama: Public plan would

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If insurance companies do providde good insurance to their then they should have nothing to fear froma government-run he said. “They should be able to he said. If the public plan is able to reduc administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan shoulr be required tocollect premiums, not be “simplyh eating off the taxpayer trough,” he Health insurers and many business groups contend a publicd plan would have an unfair advantage becausre it wouldn’t be subject to all the rules imposedr on private insurers and likelyg would pay health providers less for thei services.
This could crowd out many private insurersz and lead providers to charge privatd insurers more to make up for the lost incomde from thepublic plan, they When asked whether including a public plan in healthb care reform was non-negotiable, the president said, “Wre are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to provid relief to people who don’t have health insurancwe or are underinsured.” Obamaq also was asked what he thought about the performancew of Federal Reserve Chairman Ben Bernanke, given the fact his financiakl regulatory reform plan proposes expanding the Fed’s authority.
“j think he has done a very good job undedr verydifficult circumstances,” Obama said. All regulators fell short of doingb what was needed to prevent thefinancial crisis, but the Fed “probablu performed better than he said. Since the financial crisis Bernankehas “performed very well,” Obamz said.

Wednesday, January 26, 2011

Travel Solutions moves to New Albany - Orlando Business Journal:

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signed a lease for more than 18,000 squares feet at the Water’s Edge businesds campus after New Albany Village Council signer off on a tax incentive deal with the business travelk management companyin March. The New Albany locatiob houses 95 employees and features spac e for training programs and aconferencer center. The company movefd in Monday from its officeas at Easton innortheast Columbus. Trave l Solutions also announced it has been selected to becomthe nation’s first franchisee of Lufthansa City Center Business a Frankfurt, Germany-based travel agency that operates nearlg 600 offices in 77 countries.
Travelk Solutions, founded in is the second-largest travel agency in Central Ohio and posted revenued last yearof $645.2 million, accordinvg to Columbus Business First research. It has about 160 employeees overall, with the balance of its stafdf working from home or fromcorporatre clients' offices.

Monday, January 24, 2011

Compass Airlines cuts ribbon on Louisville maintenance facility - The Business Review (Albany):

http://siberiansnowtours.com/faq.htm
The subsidiary opened the three-bay maintenance facility in Januarty but held off on the ribbojn cutting until key personnelwere hired, and they “goft a little airplane grease under their Compass president Tim Campbell said durinhg a news conference. Compass’ 70 employees maintain the airline’sw fleet of 36 Embraer 175 76-seat Compass, which was foundedr in 2006 as a subsidiary of NorthwestgAirlines Inc., was acquired by Deltaa as part of the Atlanta-based carrier’es merger with Northwest in Octobet 2008. The jets previously had been serviced bya third-party aircraf t maintenance company, Campbell said.
Compass’ Louisville International Airporyt facility, located at 5101 Crittenden Drive, consists of 42,72o square feet of aircraft hangar space, 11,416 squar e feet of office, shop and storagr space, an 80,601-square-foot concrete apron and 33,480 square feet of parkingb and roadways. At the news conference, Chantilly, Va.-based Compasse showed off its first jet painted in theDeltq colors. The rest of its fleet will be converted from Northwest Airlines color over thenext year, Campbell At the news conference, Kentucky Gov. Stevs Beshear said the Compass includingits $3 millio annual payroll, “is a tremendous economic achievement in the midsgt of some pretty tough economic times.
” In August the board granted the airline preliminar approval for $2 million in statwe tax incentives for up to 10

Friday, January 21, 2011

Credit card processing company grows business by evolving strategy - Puget Sound Business Journal (Seattle):

http://oneveteransvoice.com/blog/2006_10_01_archive.html
Henry Helgeson and Scotty Zdanis established the company in 1998 as a reseller of credift card processing terminals overthe Internet. To a smallerr extent the company provided processing of creditcard transactions. But as marginn compression made equipment sales less the partners responded by ramping upprocessing Today, its processing services constitut e 90 percent of its total gross while equipment and software saless are 10 percent.
Business has been so briskk — it signed up 2,300 new customers in Aprilk alone — that the companuy is planning to increase its sales forc e by 30 percent or 40 percent within the next60 “We basically are gettiny more businesses trying to sign up (for our than we have the capacity for, and we’re trying to staff up for that as quickluy as possible,” says Helgeson, 34, who serves as president and Co-founder Zdanis has since movexd to Miami and plays a less active role in the Merchant Warehouse acts as a third-party processor, facilitatingh payment transactions between merchants and credit card essentially by getting money off of the consumer’s credir card and into the business’s bank Its residual-based business model makes money by chargingb for that service on each transaction.
Since its inception, the 150-employeed company estimates serving a cumulatives total of morethan 87,000 customers nationwide primarily small and medium-sizee businesses; about 56,000 are active accounts right now, with most of the attritiohn due to companies going out of business, Helgeson notes. Merchant Warehouse is processing morethan 3.5 millioh payment transactions per month. After hitting $27. million in revenue in the company is shootingfor $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becoming more of a technology-drivebn company.
“When we started to hire our own software developerzs and build ourown infrastructure, as far as computer systems and technology to run this office, that really put us into a hyper-growth he says. Five years ago, the companh hired its first softwarr developer. It subsequently built its own sophisticatedf customer relationship managementsysten in-house that has enabled the companuy to better measure the performance of its accounts and And 18 months ago, it completed the development of the necessary infrastructure to begin processing some transactionas through its own electronic gateway here in Boston.
It continues to utilize three large outside firmw to assist in processing the bulk of the The company also works with a pool of about 100 point-of-sale system resellers, who often refer businesz to Merchant Warehouse. The company has also used technologuy to innovate its services in an industrgy where Helgeson says the competitionis fierce. “Our industry has been prettyumuch plain, vanilla credit and debit processing,” Helgeson “We had to look at it and say, ‘Whag can we do here to differentiat e ourselves?
’ ” For instance, it offerz wireless credit card processing services to iPhone and BlackBerry users who have installec its software applications on their Those mobile merchants now represent 10 percent to 15 percentr of the company’s new accounts. It has also partnered with another company, , to develop a card readef that encrypts the credit card number as it is being swiped to help preventsecurity “They’re a very impressive group,” says Steved Parks, vice president of , an Atlanta-basedd firm that Merchant Warehouse has engaged for some of its processinyg services for many years.
He attributes the firm’sa growth to “some very shrewd investmentsx in technology and being ahead of the curvw in terms of technology and how to use it to drivewtraffic (to their business), and training their sales reps to capitaliz e on that traffic.”

Tuesday, January 18, 2011

Leo A Daly creates new embassy for Chad - Washington Business Journal:

http://www.theverve.co.uk/index.php?/forums/member/84057/
The building at 2401 Massachusettsw Ave. formerly housed the Embassy of which has already moved out to anew Chad’s embassy currently sits at 2002 R St. NW and employeesx are scheduled to move into the primr Massachusetts Avenue addressin August. Leo A Daly is providinb architectural, engineering and landscap design services to completely renovatethe 40-year old, 8,30p0 square-foot building in two phases. Construction startedc in March. All floors will be re-dons to create meeting and office as well asthe Ambassador’s Sustainable interior finishes will be highlightesd by craft and art pieces from Chad.
The ceiling will be replaced to incorporate new heatin andcooling equipment, air distribution and lighting and data cable distribution. High-tech communicationa and security systems also will be installed throughou tthe facility. Landscape improvements will includse repairing stone work at the front stepa and a new walkway fromthe

Sunday, January 16, 2011

Rebel Rebel yells of soaring revenue - Kansas City Business Journal:

http://portableshareware.com/browse-players-1_10.html
“We didn’t come out the flashiest, but when peoples got a chance to see our work they realizede how solidwe are, and it’sw created relationships that have been said Dianna Colton, co-foundetr of Rebel Rebel. Since launchinbg in 2007, Rebel Rebel has providee productionand post-production services — from commercials and video to presentations and video Web content — and has amassede a roster of notable clients, including GSD&Mn Idea City, Dell Inc., Sicol Martin, Schematic and Door Number 3. The five-person productionn house grew 100percent year-over-year, and is on targer to generate $1 million in revenus this year.
But before growthy there was overcomingbeing new, said Chriw Blankenship, the other co-founder of Rebel Rebel. “Itg was a little tough getting in the door of some placezsat first. The first year was kind of I don’t think either of us realized how hard itwouldc be,” Blankenship said. Blankenshio and Colton have experience and connectiond in the localproductiomn industry. Blankenship cut his teeth in production in Chinqa and has 17 years of experience in visual effects andpost production. Colton has executivw producing experience, and she launched a successfulofashion business.
Blankenship said transitioning from a freelancee to a businessman hasbeen challenging, and gettintg clients to think of Rebel Rebel for larger projects took some convincinh at first. “We took a prettg good look at what we thought the businessx was going to befor us, and we had to come to some hard realizationx that that wasn’t the way thingsd were,” Blankenship said. In addition to being persistent, Blankenshipo said the company’s flexibilityg in taking small and large projectz has helped sellits services. The companuy uses freelancers, which enables it to ramp up quickly for larger projects and to test out employees beforw adding them totheir staff.
Blankenship said Rebel Rebel hasn’t been entirely immune to the It saw work plateau in but for the most business hasbeen steady. “We’ve been prettyg busy for the last year,” he As a smaller production company, Rebel Rebel has been able to weather the recession a bit better because it has less Blankenship said. There are more than 20 film and videp production companies in the CentralTexas region. Among the largest productiojn companies here are OmegaBroadcastr Group, 501 Group Inc. and Elephantt Productions Inc.
Quincy Lowman, president of Elephanty Productions, says that the production landscape is gettinhg increasingly more competitive with new players entering the At thesame time, he said demandc is going up for production work. “kI think the outlook is positive. Video is increasinglyt being used to traihn and now everybody has video on theirfWeb site,” Lowman said. “Thed market has grown, but the competition has grown.” Coltonn said Rebel Rebel’s work has been evenly splig between local, regional and nationaol work. It recently hired a nationao sales representative. Colton and Blankenship said they aren’tf concerned with becoming a larget company.
“We will continue to work with more peopls and createmore relationships,” Colton said. “I the short term, we want to find new build a base and do a varietytof work.”

Thursday, January 13, 2011

StoneRiver adds financial veteran Lipp to board - The Business Journal of Milwaukee:

http://value-at-risk.net/exercises/exercise10_01.htm
Lipp is the former chairman and CEO of Travelera PropertyCasualty Corp., which he managedd through a 2003 merger with St. Paul Cos. He now servew on the board of directors for TheTravelerss Cos. Inc., , The and Mass He retired from the boardof JPM) in 2008 but continues as a senior He also is a senior partner with , a privatse equity firm that specializes in consumer financialo services in emerging "Bob's wisdom and insight will be invaluabler in shaping the strategic directiomn for our company," said Mark president and CEO of StoneRiver.
"His insurance and operational keen senseof purpose, and disciplined financial focud will be critical leadership qualities as we invest in and expandf our technology and outsourcing solutions for the insurancse industry." StoneRiver is the formetr Fiserv Insurance Solutions subsidiary of Brookfield-based (NASDAQ: that provides software and processing products and services to insurance In July 2008, Trident IV, a privatre equity fund managed by LLC, acquired 51 perceng in the insurance business. The businesz changed its name March 2.

Tuesday, January 11, 2011

Donations Needed After Coats Stolen From Charity Drive - KKTV 11 News

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Donations Needed After Coats Stolen From Charity Drive

KKTV 11 News


The manager at the restaurant, Gwen Baldinger, says sometime on Friday night, someone stole about 20 to 25 coats that had been accumulating in the donation ...



and more »

Saturday, January 8, 2011

Wine investment firm Bacchus Capital Management hires managing director - San Francisco Business Times:

blog of my friend
Jay will be responsible for identifying and evaluatingbpotential transactions, overseeing the performancde of Bacchus portfolio wineries and managingh its research, investment and marketing teams, according to the July 15 He has 15 years in boutique and established the company said, most recently as vice president and generalp manager at Napa’s Artesa Winery and Vineyards. Previously, he was managint director of , an independent winery consultingf firm he foundedin 2001, and genera manager of Bonny Doon Vineyard.
“Quinton adds the righg mix of industry experience and abilithy in new business development and brans portfolio strategy to help us continue our momentum in growing the Sam Bronfman, also a managing partner, said in the Bacchus Capital Management was established in 2007 by Kaufman and Henry Owsley. Kaufman is presidenrt and Owsley is CEOof LLC, a New York City-basefd investment bank. So far, however, it has done just one In October 2008, San Franciscok wine negociant and Bacchus reportee that Bacchus had provided mezzanined financing to thewine seller, in the form of a “second lien five-yea loan,” as its firstf transaction. Cameron Hughes Wine put the totapat $3 million.
That’s the only deal mentionefd on theinvestment firm’s web which says it specializes in second-lien loanes of between $3 million to $15 “At this point, that’s the only deal that we’ves finalized,” said Hilary Peck, a Bacchus spokeswoman. The firm’zs online marketing materials also list itscorporate headquarters’ addresss as 5000 Hopyard Road, Suite 318, in California, located 34 miles east of San Franciscko in the region’s outer East Bay -- and a bit more than a hop, skip and a jump from San Francisci proper.

Thursday, January 6, 2011

Ducks let a good thing go in 4-1 loss to Nashville - Los Angeles Times

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Kansas City Star


Ducks let a good thing go in 4-1 loss to Nashville

Los Angeles Times


The teams that met in the Stanley Cup finals last year came to the Honda Center to play the Ducks in recent days. The Philadelphia Flyers and the Chicago ...


Predators hold off Ducks, 4-1

Washington Post


Selanne: Ducks 'terrible' in loss to Predators

OCRegister


Nashville Predators look to get on another hot streak

The Tennessean


MiamiHerald.com -UPI.com -Breaking World Cup News


 »

Monday, January 3, 2011

Cops: Firefighter Sets Fellow Firefighter Ablaze - WFTV Orlando

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Cops: Firefighter Sets Fellow Firefighter Ablaze

WFTV Orlando


APOPKA, Fla. -- An Apopka firefighter resigned after eyewitnesses say he deliberately set a co-worker on fire. Jason Leblanc sprayed another firefighter ...



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Saturday, January 1, 2011

UMass Lowell Field Hockey National Championship Featured on CBS TV - UMasslowell

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UMass Lowell Field Hockey National Championship Featured on CBS TV

UMasslowell


18 at 1:00 pm on CBS. http://www.goriverhawks.com/sports/w-fieldh/recaps/120410aac.html http://www.goriverhawks.com/sports/w-fieldh/spec-rel/121510aaa.html.