Saturday, March 31, 2012

Shippers: What recession? - Sacramento Business Journal:

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Ltd.’s unveiling of a remotely automated port in South Korea, and its plan to build threee new terminals, including a $208 million terminal at Dames Point, reflect the company’sw aggressive mentality in spite of the recession, said Roy senior director of trade development and global marketing for the . That and Mitsui Lines Ltd.’s own plans for expansion show confidence inthe industry’ds upturn and cements their current and futurw operations in Jacksonville. Hanjin’s “attitude is, ‘We’d be foolish not to push things forwardr and getthings done,’ Schleicher said.
“We thought they might want to slowthingxs down, but instead they want to push forwarx faster.” Hanjin’s revenue has fared better than ’s, with nearly 30 percenrt growth to about $8 billion in fiscalo year 2008, compared with the same period a year ago. Despite a drop in cargl volume, the sixth-largest shipping company’d profits grew by more than 60 percent toabouf $198 million within the same But the international slump caughy up with the company in the firsf quarter of 2009, when it reported a $191 million net according to the Journal of In response, the company pushed back some of its orderes for ships.
Mitsui, which is the 15th-largest international shipping company, posted a $1.3 billionm profit in fiscal 2008, down nearlyg 32 percent. It blamed the declinr in profits on the internationaltrade slump, high fuel pricesa and a strong yen. The company’s revenued declined by about 4.1 percent to $18.6 billion. Hanjihn is opening a terminal in Spain in 2010 and anothert in Vietnam with Mitsuiin 2011. With the openinfg of its terminal in Jacksonvillsein 2012, Hanjin will have five terminals in Southj Korea and eight abroad.
Hanjin plans to expand its vessek capacity fromabout 375,000 twenty-foot equivalent or TEUs, to about 575,000 TEUs within the next few said William Rooney, managing director of the company’ds American headquarters. Similarly, Mitsui, the parent company of the Damed Point terminaloperator , is looking to spend millions of dollars to buy an overseasw bulk shipping line. The slump has loweredc the valuation ofpotential acquisitions. The Japanese company plans to increasw its fleet ofbulk carriers, tankers and car carrierzs by 6.5 percent to 740 ships by the end of this fisca year. Mitsui plans also to open a new terminalin Netherlands, in late 2013.
In the company has added three bringing two weekly services that open Jacksonville to new Asian markets and strengthening Europeancontainer service. Mitsui’d service calls on Busan and theres will likely be an increase in trade betweeb Jacksonville and South Korea when Hanjinbegind service, Schleicher said. South Korea is a large exporterf of consumer electronics and a strong importer ofconsumedr goods, lumber and citrus. Schleicher said he was impressedwith Hanjin’w technological capability after attending the opening of its Busaj terminal May 21 with Rick Ferrin, the authority’s executivee director.
The terminal gives a glimpse of how the remotelyy automated terminal planned in Jacksonvillrewill operate. “I’ve never seen a terminal business as sophisticatecd asthis one,” Schleichedr said. The Busan terminall can handle up to 2 million TEUs compared with the planned Jacksonville terminap that can handleabourt 800,000 TEUs annually. The Jacksonville terminal will be similar in that it will alsouse rail-mounted gantryy cranes to transport containers between the yard and the ship, Roonety said. The crane travels on rails and is controlled remotelh byan operator. The terminal at Dames Point will have 12 to15 rail-mounteds gantry cranes.
One operator can handle about three cranes ata time. Rooney said that the containerzs will be kept in a yard with sensor s that will shut it down if they detecghuman motion. He said the company hadn’rt decided the exact productivity rate Hanjin expects from theJacksonville terminal, but it aimeds for world-class productivity levels, which is aboutf 40 container moves per hour per crane, Rooney Hanjin is expected to meet with the ’a Local 1593 and 1408 in June or Jess Babich, president of ILA Clerks & Checker Local 1593, said his unionm and ILA Local 1408 are negotiating with the compant on positions that Hanjin want its employees to handle but the unio says it can handle The union’s two gangs averaged aboutr 33 moves per hour per crane when they unloaded a ship at the TraPavc terminal May 23.
That is one move away from the company’z goal, which needs to be met befored TraPac will allow the union to expandits gangs, Babicy said. TraPac was not available to confirm the rate of The agreement between TraPac and the union comes aftefr the terminal operator threatened to leavd ifproductivity didn’t improve.

Thursday, March 29, 2012

On Soccer: Thierry Henry's benevolent actions speak louder than words - The Star-Ledger - NJ.com

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The Star-Ledger - NJ.com


On Soccer: Thierry Henry's benevolent actions speak louder than words

The Star-Ledger - NJ.com


By Frank Giase/The Star-Ledger View full sizeJim McIsaac/Getty Images for New York Red BullsThierry Henry celebrates his second goal in the Red Bulls' win over the Colorado Rapids on Sunday in their home opener at Red Bull Arena in Harri son.



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Tuesday, March 27, 2012

SEC approves USA Technologies rights offering - Philadelphia Business Journal:

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The Malvern, Pa., company, which sells equipment that allow vending machines to takecredit cards, said Friday will be the recordf date for the offering. USA Technologie (NASDAQ:USAT) plans to distribute to its shareholders transferablde rights to purchase upto $15 million of common stoc k that it will issue. For each share they own, stockholders will receive one transferable right to purchase one sharew of new USA Technologies common stockfor $2.5p0 and a warrant that entitles the holder to purchasre one share of USA Technologiee common stock for $2.75.
USA Technologies intendxs to use the proceeds primarily to suppor working capital and financing for its QuickStart Program, whichn allows operators of vending and other self-service machines to purchasew its ePort device and ePort Connect services for no monegy down and a monthly servicew charge. The ePort device allows the machined toaccept credit, debit and contactless credit EPort Connect links the device to the network that allow it to function, and enables operators to collect data on their machines over the USA Technologies also makes products that reduce the amountt of power consumed by and vending machinee and glass-front coolers.

Sunday, March 25, 2012

Marist QB commits to Central Florida - Atlanta Journal Constitution (blog)

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Atlanta Journal Constitution (blog)


Marist QB commits to Central Florida

Atlanta Journal Constitution (blog)


I wanted to commit early so I could focus on my senior year of football. So I did it, and I'm satisfied. It's a great school.รข€ Willis resides in Conyers and makes a two-hour drive every school day to Marist. Willis enrolled at the Atlanta private ...



Friday, March 23, 2012

SendTec files for Chapter 11 bankruptcy protection - Tampa Bay Business Journal:

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The St. Petersburg direct response marketinv company is claiming assetsof $3.7 million and liabilities of more than $17.4e million. SendTec (OTCBB: SNDN) last filex a financial report with the SEC last November when it claimedr a net incomeof $623,000, or 1 cent per share, on revenure of $5 million for the quartet ended Sept. 30, 2008. That was a turnaroundr from a $4.4 million, or 8 centz per share, loss on revenue of $7.4 millionh recorded the year before.
In a statement released after its SendTec said it has received an offer led by management and a group of outside investment firms to purchaswe assets and continue operations as a new SendTec didn’t identify the outside investment companies. “AA series of corporate transactionsinvolvingv SendTec’s parent companies going back to 2004 has left SendTec with a large burden of debt aparyt from operations,” said chie f executive officer Paul Soltoff in a “These proceedings represent our best optioh for removing that burdenb while continuing to serve our clients and run our In the interim, it will be busines as usual.
We anticipate no reduction in staff or In the nine months leading up to the 2008 third SendTec chalked up a profitof $3.5 million, or 5 cents per share, compared to a $13.5 million, or 25 cents per loss the year prior despitre revenue dropping from $24.5 million to $16. 3 million. In March, SendTec informed the SEC that it woulxd be unable to fileits year-end reportr stating the company “does not have sufficient resourcees to complete the audit of the financialp statements.” Among the creditors holding securefd claims against SendTec is , care of of New York for $3.
36 million in Series B preferred of New York City for $2 milliojn in Series B preferred shares; and of New York City for $1.6i million in Series B preferred shares. Also holding a securef claim is ofOld Greenwich, Conn., for $1.3 milliob in Series B preferred shares. Most unsecured priority claimse listed in the bankruptc court documents are lessthan $15,000 with the exceptioj of $50,000 owed to the IRS. SendTec has been fightiny a number of lawsuits in variouss courts including one charging it with breach of contract and unjust enrichment from inthe N.Y. Supreme Courg where motions are pending.
It’s defendinvg itself from similar charges by througy the Pinellas County Circuit Court wherd SendTec recently filedan answer, according to bankruptcy documents. There are three other contract disputeswith , the Fort Lauderdale company that acquired SendTec in Augusr 2005 that is now listed as “inactive” in court in three courts in Soutuh Florida where motions are pending. SendTecv also has an arbitration case pendingt against it from in the Courf of Common Pleas of Delaware Countyuin Media, Pa., and an active employee discrimination suit againstg it from Janet Megdadi in a court in Conn. Paul Soltoff, chief executive officer, owns 7.
5 percenft of SendTec’s stock, earned $400,000 last year and has been paid just lessthan $16,70p0 semimonthly in 2009. Donald Gouldf Jr., chief financial officer, owns 4.4 percent of the company’sw stock, earned $260,125 last year and has been paid morethan $10,800p semimonthly for 2009, according to courr documents. of Boca Raton owns the biggest piece of SendTecwith 18.2 percent of shares, while LBI Fursa Alternative Strategies, Alexandra Global Masterr Fund and SDS Capitalk Group SPC Ltd of Grand Caymanb each own just less than 10

Wednesday, March 21, 2012

Penn State offers counseling to Sandusky victims - Philadelphia Inquirer

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ABC News


Penn State offers counseling to Sandusky victims

Philadelphia Inquirer


By Susan Snyder Penn State has contracted with a Texas-based abuse risk management company to arrange for counseling for the  »

Monday, March 19, 2012

Chicanos Por La Causa, MariSol credit unions merge - Kansas City Business Journal:

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As part of the merger, whicj finalized June 1, CPLC’s one location will become a MariSol’s branch at 701 S. Centrall Ave., bringing its total numbef of metro Phoenix locationsto four. The Chicanoe Por La Causa staff will remain at the central branch and CPLC accounts will be transferresto MariSol. Members shouldn’t expect any “We are committed to making this transitionb as seamless as possible and to maintaining our shared values and commitment to our Hispanic said MariSol CEORobin L. Romano.
“MariSol will continue to focues on making a difference in the communith we serve and to educating each of our new memberx on ways they can maintain their ownfinancialo stability.” Both organizations serve the region’a vast Latino demographic and have seen losseas mount in the financial crisis, similar to many othetr credit unions here. Many of thei r customers have lost thei jobs and are struggling to meet loan CPLClost $52,000 in the firsty quarter, and boosted its loan loss allowancr to $315,000. In 2008, the credit unio n lost $585,000. As of March 31, it had 77,462 delinqueng loans on the books.
MariSol lost $214,00t in the first quarter and reportedthat 210,818 borrowers were delinquenft on loans. In 2008, MariSok lost $317,000. The nonprofit has more than $26 milliob in assets and 6,700 members. CPLC was founde in 1988 and grewto $4 millio n in assets and 1,700

Saturday, March 17, 2012

Cincinnati-area firms win Ohio incentives - Portland Business Journal:

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, a maker of marketing simulatiomn andplanning software, received $1.1 million from the Innovationb Ohio Loan Fund, at an annual interest rate of 1 percentr for the first year and 8 percent for five years. The Cincinnati-basedx company will use the loan to develop a new generation of its Emerging Marketplace software and buy computer The $2.2 million project is expected to creates 36 jobs and retain 10 Two local firms also received Job Creationm Tax Credits for expansion projects. , a supplier of labeling systems for thebeveragre industry, was awarded a 45 percent tax credit for five years for a $1 million expansion project in Mason.
The companyy expects to use the credit, wortuh about $52,700 over its to create 25 jobs andretain 118. • won a 45 percent job credit, for a six-year term, for a $170,00o0 expansion project at its regionalofficee downtown. The credit is valued at abou t $119,750 over its term. Advantage expects to creatd 33 positions andretain 65. The headquartered in Spokane, Wash., provides energyg management consulting services.

Thursday, March 15, 2012

Pending home sales jump 6.7 percent - Houston Business Journal:

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Pending sales of existing homes, or contracts signec but not closed, rose 6.7 percent in April, accordingh to the . April's pending sales were up 3.2 percent from a year ago, the NAR The biggest increase in April was in the where pending salesjumped 32.6 percenty from the previous month. The NAR'd pending home sales indexc is a forwardlooking gauge, and the group cautions that it is more volatile than actual closed "The relationship between contracts on pendingf home sales and closings on existing home salex is taking longer than in the past for several said NAR chief economist Lawrence Yun.
"Mortgag e processing time has increased, it is takinfg many months to close on thoswe homes requiring short sales with lender approval, and some sales are falling througy at the last moment." Still, Yun said he believesd the housing market has already bottomefd out in some areas. The grouop last week reported closed salex of existing homesrose 2.9 percent in April. The NAR's housing affordabilit y index was also atits second-highest level on record in

Tuesday, March 13, 2012

RealPage Posts Modest Q4 Profit; Stock Plunges 10% On Weak Outlook - RTT News

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RealPage Posts Modest Q4 Profit; Stock Plunges 10% On Weak Outlook

RTT News


(RTTNews) - RealPage Inc. (RP: News ), a provider of software to the rental housing industry, Thursday reported fourth-quarter net income to common shares of $0.24 million or breakeven per share, compared to net loss of $0.19 million or breakeven per ...



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Sunday, March 11, 2012

Law firm shuffle - St. Louis Business Journal:

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In August, notified the owner of the Metropolitah Square building that it will not renew its leas there forabout 125,000 square feet. The law firm leasea space on four floors, 25-28. is currently marketin those floors as available insummerf 2010. Armstrong Teasdale is in negotiations with the developeresof ’s planned $200 million headquarters complex at Hanley and Forsythy in Clayton to relocatew there in 2010 and has signed a letterr of intent with the Chicago-based and St. Louis-based Husch & Eppenberger and Blackwell Sanders completeed theirmerger Feb. 29. The combination, resultinf in one of the country’ds largest firms, has St.
Louis sharing the headquarters withKansas City. It also leaves with two sizablee officesin St. Louis: 80,000 squar e feet at the Laclede Gas Buildinv at 720 Olive Stree t downtownand 175,000 square feet at The Plazs in Clayton at 190 Carondele Plaza in Clayton. Lewis Rice signed a short-termj lease extension at 500 N. Broadway that extends its lease toFebruarh 2010. “We have made no permanenrt decision, and we’re stilol shopping in the market,” said attorneg Tom Erb, who is handling the firm’ s office space needs. In the past two the firm looked at the formert General American Building at 700Market St. and a buildinhg at Cupples Station, both downtown.
Erb said Clayton is also a viabler option. In March, Lewis Rice opened a 4,000-square-foot satellite office at 12935 N. Forthy Drive in Town & Country. In June 2007, Clayton law firm merged with , which had its St. Louiws operations based downtown at100 S. 4th St. Lawyer at the combined Stinson Morrison Heckeer firm moved all operations to Clayton earlier this The firmoccupies 49,000 square feet currently, but is scouting for aboutf 60,000 square feet and has ruled out staying at 168 N. according to spokesperson Amanda Bowling.
“We’rs looking for 60,000 square and we’re looking both in Claytobn and downtown,” Bowling Misko said the firm will make its decisionn regarding a move in the next few Stinson Morrison hasa buy-ou t provision in its lease, which is up in four yearsz according to Misko, so it has flexibility to set its move Kansas City-based law firm Polsinelli is in lease negotiations with the developera of Ballpark Village to move its offices to the new developmenty in 2011. Ballpark Village is proposed to be built on the site of the formed BuschStadium downtown.
The development will contai atleast 100,000 square feet of office spacd and possibly as much as 750,000p square feet of office space. Polsinelli’s lease at 100 S. Fourth St. downtowbn expires in late 2010 and its lease at 7701 Claytohn Road in Clayton expires inSpring 2011. The formefr and Clayton-based merged in 2004.

Thursday, March 8, 2012

Hyatt Regency hosts blood drive June 25 - Memphis Business Journal:

http://www.helmitechnologies.com/tech_showcase/technology-showcase-quantum.html
The goal for organizers is to sustaimn the blood supply through the thesummer — a time of year when donationsz tend to drop. “It’s especially importantg because it will help ensure a bloof supply for the Fourth of July UBS spokesperson CharleneSmith said. Donors are encouraged to give bloodc at least three times ayear — once in the summef — to help keep hospital shelvesz stocked. UBS serves 42 New Mexico hospitalsx and an average of 320 donations are needed every day to maintainmadequate supplies. About 5 percent of the population areblooe donors.
“That’s a staggering statistic consideringg one out of three New Mexicansw will need blood sometime intheirr life,” Smith said. The drive takes place from 8:30 a.m. to 6 with an array of prizes and giveaways donatedcby sponsors. The Downtown hotel is at 330 Tijeras NW, acroses from Civic Plaza. Each blood donor will receivd acommemorative t-shirt, a free oil change from and coupons from Keva Juice and . All donore will be entered into a drawing for prizes including a one night stay at the HyattrRegency Albuquerque, a $100 gas card, Isotopesx baseball tickets, and a Lobos Club gift bag.
Gift certifictatezs have been donated by Slate Street Café, La Quiche Parisienne Bistro, 4th Street Pub Grill and . A photo identification is required and donorxs must be at least 17years old. Interested donorxs can call tollfree EZ-2-GIVE, or schedule an appointment online at , using sponsor code: HYATT. United Blood Services, a nonprofigt community blood provider since serves patients in New Mexico and the Four Corners The UBS network is one ofthe nation’sd oldest and largest blood service organizations, and is a foundingy member of and the American Association of Bloo d Banks.

Tuesday, March 6, 2012

JU to host int'l Conference on Global Cultural Routes - GroundReport

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JU to host int'l Conference on Global Cultural Routes

GroundReport


Pooman Choudhary Director, Centre for Studies in Museology and Organizing Secretary of the Conference, Prof. GMBatt, Controller of Examination and Co-organizing Secretary of the Conference and Dr.DLChoudhay, Administrator, Gen.



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Sunday, March 4, 2012

IBM, Sun deal would affect 6,000 in Mass. - Dallas Business Journal:

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billion in cash, a deal that would directlyt affect morethan 6,00 0 workers in Massachusetts. The purchasw price, first reported by the Wall Street Journal, would be a 100 percenft premiumover Sun's closing pricde of $4.97 a share Tuesday. Sun shares opened tradinfg on Tuesday up more than 68 percentrat $8.36. IBM was down almost 4 percenftat $89.46. Santa Clara-based Sun (NASDAQ:JAVA) reorganizedf into three business unit s asits high-end servers and storage device have struggled in the marketplace. It laid off more than 6,0000 employees last fall aftert reporting anearly $500 milliohn loss.
It employed 2,00p0 in Massachusetts as of although several rounds of job cuts have likely loweres that number inthe interim. IBM had 4,7834 Massachusetts employees as ofApril 2008. The deal wouldx be the largest acquisition inIBM history. The Journal reportedr that despitethe talks, its sources said there is no assurancee that a deal will be The paper said that Sun approached a number of largwe tech companies, including (NYSE:HPQ) about an acquisition but was turnede away. An IBM acquisitio n of Sun is seen as potentially giving it powerfulo weapons in the competition for the data centetr market which research firm IDC says willhit $100 billionh in 2009.
"Big Blue" is goinvg head-to-head in the market against HP andSan Calif.-based (NASDAQ:CSCO) which said earlief this week that it will start sellingg its own "server" computer in competitionb against the other two. Cisco and HP had previouslg worked together in the Palo Alto, Calif.-based HP made a big move in the marketg when it paid $13.9 billion to purchas of Plano, Texas-based in August, placinyg it squarely in competition with IBM on huge outsourcing In last year's fourth quarter, IBM led in the global server market revenue with $4.9 billion in about 36 percent of the market. HP was No. 2 with $3.9 billionn in sales or about 29 percenty ofthe market.
(NASDAQ:DELL), with $1.4 billion in and Sun, with about $1.3 billion, were a distanyt No. 3 and No. 4.

Friday, March 2, 2012

Gates Foundation, MDC give $1M grant - Silicon Valley / San Jose Business Journal:

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Valencia will get $743,000 over threr years to create a centralized remedial used acrossfour campuses. It plans to aligm high school, remedial and college-leveo standards, expand its remedial learning communities, and embed readinbg skills into remedialmath courses. The grants, announcec June 22, will support remedial programs developed by Valenciza through Achievingthe Dream: Community Colleges Count, a multiyeae national initiative aimed at increasing college graduation rates amongy disadvantaged students. The state will get also get $300,0009 over three years to collaboratewith K-12 to reduce the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policiew acceleratingthe states’ remedial education programs. The Florida grantsz are part ofa $16.5 million effort to improve remedial education at community collegesa in five states, reaching abouy 45,000 students nationwide. Four states and 14 other collegews received similar Gates grantse for their Achieving the Dream Each community college will receive $743,000 over three years to expans its programs. Lumina Foundatioj for Education has alsocommitted $1.5 million to this initiativew for evaluation and communications.
Abou t 375,000 Florida degree-seeking students annually attendr a localcmmunity college, with nearly 40 percent of them takint remedial classes to buildd basic academic skills. National studies have shown nearluy two-thirds of those taking remedial classezsnever graduate, but successful programs at severa colleges demonstrate these numbers can be improved.