Tuesday, May 31, 2011

SoftBrands sold for $80M; Golden Gate Capital is buyer - San Antonio Business Journal:

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The buyer, a holdinbg company created by private-equity firm and its portfolil company , will pay 92 cents per sharse for SoftBrands. Shares of SoftBrands closed at 47 centds per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billion in asset under management. Infor, basec in Alpharetta, Ga., is a softwarew company with about 9,000 employees and $2.2 billionh in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitalityt industry, as well as to smalpl and mid-sized manufacturers under the Its products handle tasks such as makin reservations to settingroom rates.
SoftBranda CEO Randy Tofteland said in a presws statement that the deal will allow shareholdersdto “realize significant value from theier investment.” He also said the companyh would benefit from an “alliance” with Infor. A spokeswoman for Inford said SoftBrands will continue to have a presenc ein Minneapolis, though it has yet to be determined how many employee s will remain here. SoftBrands’ board has already approvede the sale, which is expected to closer in between 60 and90 days.

Saturday, May 28, 2011

Credit available to first-time home buyers - Phoenix Business Journal:

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Under the American Recoverh and Reinvestment Act of citizens may qualify for the tax credit for purchasingf their first home after filing their But under anew program, state housing finance agencies and nonprofitss can advance money to home buyers up to the full amount of the tax credit to be used on a home either to pay closing costs or to add to a down “Home buyers using FHA-approved lenders can apply the tax credir to their down payment in excess of 3.5 percenrt of appraised value or their closing which can help achieve a lower interest a HUD announcement said.
The stimulux tax credit can be claimedc on a 2009 or an amended 2008 tax FHA still will require home buyersd to makea 3.5 percent down Mark Harden is a reporter with the Denver Business a sister publication.

Thursday, May 26, 2011

Markets end quarter in negative territory - Pittsburgh Business Times:

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Most among a cross-section of companies operatinh in Pittsburgh tooklosses Tuesday, albeit light Two eked out slight gains. Kennametalk Inc. (NYSE:KMT), was up 0.52 percent to $19.19 per PPG Industries Inc. finished Tuesday trading with a gainof 0.11 percen to $43.91. Alcoa Inc. down 1.05 percent to $10.33 Allegheny Energuy Inc. (NYSE:AYE), down 1.31 percent to $25.66 Allegheny Technologiee Inc. (NYSE:ATI) up 0.29 percent to $34.88 American Eagle Outfitters Inc. down 1.19 percent to $14.15 Bank of New York Mellon Corp. down 1.25 percent to $29.34 CB Richard Ellis Groul Inc. (NYSE:CBG) down 1.17 percent to $9.33 CONSOL Energg Inc. (NYSE:CNX), down 2.24 percenf to $33.
98 Dick’s Sporting Goods down 1.66 percent to $17.18 Federated Investors Inc. down 0.82 percent to $24.10 Firsft Niagara Financial Group Inc. (NYSE:FNFG), down 1.30 percent to $11.41 H.J.Heinz Co. (NYSE:HNZ), down 0.17 percent to $35.6 9 Koppers Holdings Inc. (NYSE:KOP), down 1.75 percent to $26.42 Mylabn Inc. (Nasdaq:MYL), down 1.51 percent to $13.0t PNC Financial Services Group Inc. down 1.87 percent to $38.84 U.S. Steel Corp. down 3.43 percent to $35.74 WABTEC Corp. (NYSE:WAB), down 2.60 percent to $32.22 WESCO Internationalk Inc. (NYSE:WCC), down 1.22 percentr to $25.
04

Tuesday, May 24, 2011

China meets target of reinforcing more than 7000 reservoirs within 3 years - Xinhua

cedar shake siding


China meets target of reinforcing more than 7000 reservoirs within 3 years

Xinhua


CHANGCHUN, May 24 (Xinhua) -- China has met its 2006 target of reinforcing 7356 reservoirs within three years, China's Minister of Water Resources, Chen Lei, said on Tuesday. The investment in the reinforcement of the 7356 reservoirs totaled 62.48 ...



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Sunday, May 22, 2011

Winter Park tries to slow Park Avenue's retail loss - Puget Sound Business Journal (Seattle):

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Take Chris Tillett, CEO of boutique makeu studio , who movefd from Park Avenue to Maitland last summer due to highrent (he was payinyg $41 per square foot in Winterd Park), less foot traffic and lack of city involvement. Tillett’s exit and that of otherf former Park Avenue retailers have prompted both the city of Wintert Park and landlords to try to addresdsthe situation. “We saw businesses leaving and an increasinvg animosity between retailersand restaurants, so this was the perfect time to talk it said Sherry Gutch, community redevelopment directoe for Winter Park. In fact, the area’s vacancy rate has nearly doubled in the past 12 jumping to 11 percentfrom 6.
5 percent a year ago, said Collierws Arnold in Orlando, a real estate services firm. In addition, the averagr rental rate is $25.64 per square down 5.4 percent from $27.10 per squarde foot a year ago. In the overall Winter Park/Maitland submarket chargesw an averageof $21.60 per square foot for retail spacwe and had a 10.5 percenty vacancy rate for year-end 2008, said the . To address the the city commissioneda $55,000 stud on the matter by Charleston, S.C.-bases America’s Research Group, a consumer and markert research firm.
The study will try to revitaliz ePark Avenue’s image through new marketing efforts, city-supported eventa where streets are closed off and othe r strategies to increase business. The city will also look at an alcohool ordinance on June 8 that would allo w eating and drinking establishmentsbesides seated-service restaurants to serve beer and she said. Joanne McMahon, principal of 310 Park Soutb Restaurant, agrees rents are higher on Park Avenue than in mostretailp areas, but said her business still gets enough foot traffif to make up for it.
In fact, business is good enoughu for McMahon’s 130-seat, 2,800-square-foot restaurant to expand by 2,300 square feet and add 60 seatssthis summer. Even local landlords are tryin g to spice up Park Larry Williams, owner of Winter Park-basec , said his company this year finished a $2 million renovation of the old Jacobson’s spacd that was vacated in 1999. There, Eucalyptus Properties createsdthe 16,000-square-foot retail/restaurant Shops on Park which faces both Park Avenue and Center Williams, whose company owns more than 12,000 squaree feet of retail space on Park said the property should provide a fresbh look and bring much-needed attention to the shoppinbg district.
As for Tillett, he said if the city and landlordz can resolve the issues that causedx himto leave, he’d consider returningy to Park Avenue. “Ibn reality, this is the best thing that can happen to theavenud — for it to be humbled a bit.”

Thursday, May 19, 2011

GM bankruptcy plan approved, dealer disputes up to states - South Florida Business Journal:

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U.S. Bankruptcy Judge Robert E. Gerber issued an ordefr green-lighting GM’s plan in a 95-page opinioh filed Sunday evening. In it, he explained that the plan to sell GM to a reorganized collection of shareholderx was in the best interest ofthe nation’ s car industry. GM filed for bankruptcy June 1. “As nobodyy can seriously dispute, the only alternative to an immediatr sale isliquidation — a disastrous resulf for GM’s creditors, its employees, the supplierw who depend on GM for their own existence, and the communitie in which GM operates,” Gerber said in his “In the event of a creditors now trying to increase theifr incremental recoveries would get nothing.
” As of March 31, GM reportef global assets of $82 billiomn and liabilities of $172 However, because assets appear at book value, if there was a liquidatioh the asset value being considered would be 10 percenyt of $82 billion, Gerber said. On June 19, Floridwa Attorney General Bill McCollum joined his counterparts in 44 other statezs to file an objectionj to the GMbankruptcy plan, saying it wouldx strong-arm dealers in the state to waivw rights they normally would enjoy under Florida law in order to becomew a part of the new organization.
GM had wanted disputes over the agreements to play out in New York despite laws that give Florida jurisdiction in such matterx involving dealers in the McCollum asked the courtto “affirmn that the relationship between New GM and its Florida dealers will be governed by Florida and order any new agreement that does not folloe Florida law to be “invalid and Gerber, however, addressed the disputes it said woulrd affect 4,100 of GM’s 6,000 dealerships, sayinb the auto manufacturer could not take all of the dealere “on the same basis,” while termination agreemente would allow dealers 17 months to transition out of GM “The agreements of both types include waivers of righ t that dealers would have in connection with their Gerber said in his statement.
A settlemeny that was reached with the attorneys general of the 45 statee will allow disputes of the agreementes to be handled by each GMemploys 235,000 worldwide, including 91,00 in the U.S. The , which has 68 percent of GM’ds U.S. workforce among its is the single-largest unsecured creditor for GM. The U.S. governmenty has loaned the company $50 billion, while the governments of Canada and Ontario loanedit $9.1 All three entities will have an ownership stakes in the new company. An additional $27 billiomn was loaned through unsecured bonds fromindenturerd trustees.
The new company will continue to operate under the GeneralMotors name, and will focus more on fuel-efficient while shedding some of its brands, including Pontiac, Hummer and Government officials said they hope to take the newlyg organized company public by next while the old GM will “winrd down business.” GM will lay off an additionak 21,000 employees and close at least a dozehn plants. Gerber said making the ruling just a mont h after the initial filingg was important to try to save theailing company. “Thw U.S.
government’s fear — a fear this coury shares if GM cannot be saved as a goinconcern — was of a systemicf failure throughout the domestic automotive industry and the significang harm to the overall U.S. economy that would resulf from the loss of hundreds of thousand s of jobs and the sequential shutdow n of hundreds of thousands of ancillary business if GM had toceasde operations,” Gerber said.

Tuesday, May 17, 2011

Mahavishnu Project Presents COMPLETE VISIONS OF THE EMERALD BEYOND - Broadway World

mcfarlainofuqub1258.blogspot.com


Mahavishnu Project Presents COMPLETE VISIONS OF THE EMERALD BEYOND

Broadway World


Tonight's opening act, JESSE GRESS with members of the Mahavishnu Project will perform the music of Jeff Beck and Jan Hammer. The Mahavishnu Project is the only jazz repertory ensemble of its kind to receive the endorsement of guitarist/composer John ...



Sunday, May 15, 2011

Thursday, May 12, 2011

Risk fallout hasn't left uranium stocks - MarketWatch

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MarketWatch


Risk fallout hasn't left uranium stocks

MarketWatch


SYDNEY (MarketWatch) รข€" Australian-listed uranium firms are sporting heavy year-to-date losses after the recent disaster in Japan, and while investors appear to be slowly returning to some shares, analysts say the risks ...



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Tuesday, May 10, 2011

Newmark Homes Houston buying local TOUSA assets - Denver Business Journal:

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TOUSA plans to complete and sell all homes currentlygunder construction. Moody said the new company will be privately locally ownedand “Our management team has over 70 years’ combinec experience,” he said. The new company planws to build 60 homes ranging in pricefrom $160,000 to more than $600,00o0 in the first 60 days of operation, whicnh will officially begin June 15. Moody said 55 employeea of TOUSA will remain with the new company after TOUSAA winds down its localbusiness operations. TOUSA’s predecessoer company was founded in Houston in 1983 as and completesd an initial public offering inMarch 1998. In December 1999, TOUSA Inc.
acquired 80 percent of Newmark’s TOUSA Inc. also acquire d 100 percent of then-publid in November 2000. On June 25, 2002, Engle mergerd with Newmark, and the merged companu changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planned to lay off 156 peoplr in the Houston area from its Newmark Homes brand beginning May 22 due to the downturbn in thehousing market.

Sunday, May 8, 2011

Wal-Mart will add 22,000 jobs in 2009 - Wichita Business Journal:

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In a Thursday release, the Ark., retailer (NYSE: WMT) said that it will hire management pharmacists, human resource managers, customeer service associates, cashiers and sales associates, among Wal-Mart spokesman Bill Wertz said in an intervieqw thathe doesn’t have an estimatwe of the number of jobs to be added in Kansase and Missouri. “We certainly hope to grow throughoutrthe country, and we hope that will includde those two states,” he The company said in the releasse that it will add about 1,30p0 jobs in Arizona, 1,000 in California, 1,300 in 1,500 in Michigan, 1,200 in New Jersey, 1,00 in South Carolina, 1,200 in Utah and 1,100 in Virginia.
“Duringv this difficult economic time, we’re prousd to be able to create quality jobs for thousands of Americansthis year,” Vice Chairman Eduardo Castro-Wrighrt said in the release. Wal-Mart owns more than 7,90o retail units under 55 different banners in 15 It posted fiscal 2009 salesxof $401 billion and employs more than 2.1 milliob people worldwide.

Friday, May 6, 2011

Who's Hiring - Puget Sound Business Journal (Seattle):

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What’s the best advice for networking? It’s not abou glad-handing and passing out business cards. If you are annoyingt people when you are tryinbg to build that kind of marketinygfor yourself, the word of mouthj you get will not necessaril be what you had hoped for. Who are the best source for networking? Go back to the basics and build relationshipws with the people who alreadyknow you, like you and trusty you. What is the biggest networkint mistake? Not building your network while you havea job. all of a suddem you are out of a job and you want to networkmwith people. If you are doing it out of desperation mode, you are in People will sensethe fear.
How can you make sure there is a give and takewith networking? I don’tr network with people thinkiny that if I am nice to people they are goinhg to be nice to me. Turn it around and make the focux on theother person. The social-networking company Wetpain t has been growing rapidly and has openings for eightg people in positions ranging from business development to product With its mix ofoffering social-networkinf tools and providing an outlet for fans of popular TV showws to interact with each Wetpaint so far seemse to have found an antidote to the “We always are lookinb for talent,” said Wetpaint Marketing Manager Devin Hughes, who said the compant has hired seven people in the past month and currentlt has just under 60 employees.
The Seattle-based company, which operates a wiki-based online publishing platform, recently announcedr plans to create a couple dozen websitesz for fans of programminfg associated with MSN Wetpaint also is teaming withothefr partners, including Fox and HBO, having recently launchex a new “fansite” for “Sit Down, Shut a new animated show on Fox . Wetpaint also offers social media tools that let usersaupload photos, stories and other The company says about 40,000 new sites are beingt created a month using Wetpaint’s wiki platform. Hughees said Wetpaint is getting “tons and tons of as you can imagine.
The company also is recruitinyg athiring events, such as job Wetpaint’s staffing consultant, Todd also has taken to Twitter’s micro-blogginhg service to tweet for potential candidates. Perhaps no industryu is more aggressively recruiting in the area than insurance companies lookingv for people to sell policies or financial productd on commission and alsoearn residuals. On internet job lists, at job fairx and in press releases, severakl insurance companies are constantly recruiting even as the unemploymentf rate hasinched up. The list includezs , and Kathy a spokeswoman for Allstate locally, said her company is lookinv to bring 15 agents to the Seattle area.
Allstate is looking for people to becomre independentagency owners. The push is part of Allstate’x strategy to increase its market share in auto as well as selling more insurance for recreational all-terrain vehicles and – is opening its fourth market, this one as the anchorf at the Renton Village Shopping center, 501 S. Grady Way. The 30,000-square-fooy store is scheduled to open inlate June. The Asianm specialty supermarket company is also with openingsfor bookkeepers, cashiers and people to work in the meats, deli and other departments.

Tuesday, May 3, 2011

DMHC licenses first

http://www.spartaneurope.com/quality.htm
The Family Care plan will offe r discounted access to a rangewof physician, pharmacy, outpatient (such as physical therapgy and mental health), laboratory, radiologt and imaging, dental, chiropractic, vision and hearing-carw services. The program will offer membershi p to a household fora $99 enrollment fee and a monthlty charge of $99.95, according to with discounts ranging from 5 to 40 percent for most However, the Houston-based health plan’s initial license is only validf for two years, reflecting cautiom on the part of the Sacramento-based agency, whicuh previously has cracked down on variouws discount health-care card companies in the state.
Family Care is licenses to operatethroughout Alameda, Marin, San San Mateo, Santa Napa, Santa Cruz, Solano, Orange and San Diegio counties, as well as the most populatesd areas of Sacramento, Los Angeles, San Bernardino, and 41 other counties, accordinyg to the department, and a numbeer of local providers are already listed on its www.familycarecalifornia.com web The DMHC said the economic environment played a role in its decision to approve Family Care’s application for a license.
Thanks to the continuinyg economic downturn, which has resulteds in many individuals and families losinghealthj coverage, “it is in the best interesg of consumers to regulate and license legitimater discount health plans,” Cindy Ehnes, the DMHC’s director, said in a June 9 She added that licensure will ensure that consumers will get promisedf discounts and “fully understand that these products are not healthb insurance.” In the last six years, the agency’ss Help Center has received more than 925 complaints from consumers who were victimsz of fraudulent discount health card the DMHC said.
Those consumerw were misled into thinking they were purchasing regular healtgh insurance or were unable to find doctorss who supposedly had contracter with thediscount company. The DMHC said it has issuedc several Cease and Desist orders in an ongoing investigationb into thisgrowing industry, which in turn led to settingg up a licensing structure to protect consumerse and provide state oversight. As a result, some companiesz decided to seek licenses proving they met regulatory The current licensing requirements include verification ofdiscounts offered, legitimate contracts with doctors and othefr health care providers, truthful advertising, and a process for consumera to resolve disputes with the plan, according to Plans also must prominently disclose that they are not offerinvg insurance, but rather a discount product through whic h members pay providers a discounted fee, usually at the time of Family Care’s web site displayse such a statement at the bottom of each web page.

Sunday, May 1, 2011

Space Data teams for wireless smart grid communications - Birmingham Business Journal:

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Chandler-based Space Data announced the plan Monday to offerr up a portion of the wireless spectrum it owns to be used in conjunction with equipment fromMenlo Park, Calif.-based Full Spectrum. The two companiex say the deal will allow utilities to ownprivate wide-area networks to provided commands to smart grids. “The combination of our interference-free, high-powered frequencies with state-of-the-arft WiMax technology provide utilitiees with a dedicated private broadbancdwireless system,” said Jerry Knoblach, CEO of Space For several years, Space Data has been developinh a system of wirelesw communications using weather balloons to carry equipmenrt aloft, providing a wide area of coverage.
The compant also has been providing communications for several yeare in theutility sector. Smart gridsz are the latest application of technology inthe nation’x power system. They will transform the nationa l power grid into one that ismore flexible, allowing it to deliver more powee to areas of the country that need it. The two companiez believe their product would allow grid operators to controlp distribution remotely through awirelesz network. “In terms of grid automation, much of the focus to date has been directede toward automatic meter readingand control.
real-time command and control of higher-level grid devices are of if not greater, importancw in the drive for overalkgrid efficiency,” said Stewart Kantor, CEO of Full