Tuesday, October 30, 2012

Jeffersonville Mayor Mike Moore fires city spokeswoman - The Courier-Journal

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Jeffersonville Mayor Mike Moore fires city spokeswoman

The Courier-Journal


Jeffersonville Mayor Mike Moore has fired city communications director Leah Farris, who served as Moore's campaign manager during last year's election. Moore said it “was not a response” to last week's decision by the City Council to move the city ...



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Monday, October 29, 2012

CircuitCity.com comes back to life - Dayton Business Journal:

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Systemax (NYSE: SYX) said in a statement that it plansw to compete with other online retailerds by offeringdiscounted prices, fast shipping and a wide selection of products, as well as offering photo galleriesa and videos of thousand of consumer electronics and computer products. The company alreadyg has the TigerDirect.com business and acquired last year. "This acquisition and quicj launch of the allnew CircuitCity.com furtherf solidifies Systemax's position as a leader in online retailing of value-priced, brandedc computers and consumer electronics," said Richard Leeds, chairmab and chief executive officer of "Circuit City is one of the iconic brands in U.S.
electronica retailing with a 60-yea r legacy." A check of the Web site Mondayshowed CircuitCity.cok offering everything from GPS systems to BlackBerry phones and flat-screen TVs.

Sunday, October 28, 2012

RPI to break ground on biggest athletic facility project in school's history - Baltimore Business Journal:

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will host a ceremonial ground breaking Aug. 26 on the firs t phase of the biggest athletic facility construction projectf inschool history. Rensselaer Presidentr Shirley Ann Jackson will be joined by alumn and students as they dig into what will bethe 50-yard line of the new athleti turf field behind the Houston Field House. The ceremony beginx at 10 a.m., followed by a tailgate party from11 a.m. to noon with free entertainmentand giveaways.
The new East Campus Athletid Village will includea multi-purpose stadium, a 1,200-seatr basketball arena, improvements to the Houston Field a strength and conditioning an administrative center, indoor pool, outdoor tennis courtds and an indoor facility that included a track and tennis courts. Public spaces will includse an atrium, lobby, café, and pro A later phase would include a new swimming anddivinyg facility. Rensselaer officials have said the constructionm on the first phase would costabout $50 millionh but the final price tag will be higher to fit-up and equip the buildings. The construction manager is , whic is headquartered in Baltimore.
The architect is , an international firm in Barbara Nelson, project manager, Barbaraz Nelson, project manager, said Wednesday actua construction should begin the last weekof August. The subcontracts have not beenawardec yet, she said. Rensselaer's teamse compete in Division III ofthe , excepf for men's hockey, which is Division I, and women'as hockey, which plays as an independent in Divisionn I.

Friday, October 26, 2012

Penske buying GM Saturn brand - St. Louis Business Journal:

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According to a memorandum of understanding signerd by thetwo companies, Penske will purchase the rights to the certain parts inventories and the right to distribute vehicles and partsw through Saturn’s dealerships. GM will continuse to manufacture theSaturm Aura, Vue and Outlook models on a contract, interimn basis, according to a news release. The deal is expecte d to close in thethirrd quarter. The release didn’t detail the terms of the deal or how long GM will manufacture the vehicles. “We have agreed upon a framework that we believee will build momentum for the Saturn saidRoger Penske, chairman of Bloomfield Hills, Mich.-basede Penske Automotive, in the release.
Saturn, founded by GM in has sold more than 4millionn cars, according to the release. The originally innovative in its approach to manufacturingand marketing, was mean to be a pacesetter for the rest of GM, but didn’g live up to its promise. There are about six Saturn dealershipxs inthe St. Louis area, including Metrol East. Detroit-based GM filed for Chaptedr 11 bankruptcy saying it planned to emergd aleaner company. GM said that it has a deal with a Chines e automaker to sell itsHummetr brand. Missouri has one Hummed dealership, in Chesterfield.
GM is also trying to sell its Saab brands and said it will phase out its Pontiac PenskeAutomotive (NYSE: PAG) sells new and used vehicles, insurance and financing. It operates 310 retail automotivr franchises, and 25 collision repaif centers, representing 40 brands.

Thursday, October 25, 2012

Travel Solutions moves to New Albany - Phoenix Business Journal:

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signed a lease for more than 18,000 squar feet at the Water’s Edge businessz campus after New Albany Village Council signed off on a tax incentiver deal with the business travel management companyin March. The New Albany location housesx 95 employees and features space for trainingt programs and a conference The company moved in Monday from its offices at Easton innortheasy Columbus. Travel Solutions also announced it has been selected to becomthe nation’s first franchisee of Lufthansa City Center Business Plus, a Germany-based travel agency that operatexs nearly 600 offices in 77 Travel Solutions, founded in 1995, is the second-largesr travel agency in Central Ohio and posted revenus last year of $645.
2w million, according to Columbus Business First research. It has aboutg 160 employees overall, with the balance of its stafvf working from home or fromcorporate offices.

Tuesday, October 23, 2012

Small businesses sell for less - South Florida Business Journal:

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“Unfortunately for business owners who mightg wishto sell, this appear to be an accelerating downward trend,” said Mike general manager of online market which compiled the He said his San Francisco-based firm saw the number of business sales nationally drop 50 percent in the seconfd quarter and 36 percent in the firsf quarter, compared to the same periods last Meanwhile, , an investment bankinb firm in Clayton that tracks larger mergers and said there have been 25 area deals so far this year comparedr to 58 in the first half of 2008.
Paul Hinojosa, vice presiden with Fortune Group, attributes the merge r and acquisition falloff to tighter loan underwriting standards for buyersseekingy financing, and an inability for eitheer buyers or sellers to forecast the business climate in cominb months. “We don’t know whether we are going to have a turnaroundr in third quarterof 2009, or in 2010,” Hinojosa said. During the seconcd quarter this year, Biz-BuySell showed 187 St. Louisz businesses for sale and listed by local business brokersand owners. Those businesses were asking a hair below the national averager asking priceof $250,000.
The businesses had median revenueeof $423,980, down from $475,0490 for the same perioc last year. “Owners are focused on survivingrightt now, and not focused on selling,” Handelsman said. “Whilre there are many buyers, not that many have cash to close their deals, because the markets have depletef (buyers’) capital.” Fortune Group and otheer St. Louis-area investment bankers, who generallty handle deals larger than those listed on said they, too, have seen the marketf shrink. “A lot of people who would have sold are hunkerintg downand waiting. If you have to you are probably getting alower price,” said Bob Vanderselt, managin partner of the St.
Louis officwe of Business Transition Specialists, an investment banking firm for medium andsmallp businesses. Business Transition Specialists, which opene its St. Louis office in January, normally would limit its work to transactiones valuedat $5 million or more, but Vanderseltg said his firm has considered assignments on dealsz worth half that amount this year. His office has closed threed transactionsin 2009. Two investment banking firmw that say they are bucking the slumpare R.L. Hulet & Co. Inc. and . “We’re gettinyg about as many turns at the plate as weever did, and our number of new clients is about the same,” said Robert chairman of R.L. Hulettt in Clayton. R.
L. Huletyt is on track to complete 12 dealsthis year, he “But you have to realize our deals are generally strategixc deals,” he said. “Corporate buyersx look at companies that are a strategic fit and determined what it would costto duplicate.” “The worst part of the curren economy for the M&A markey is that so many companies are experiencingy softer earnings right now, that they almost can’tg pull the trigger to sell,” said Debbie managing director for The Douglas an investment banking firm in Douglas echoed Fortune Group’s saying buyers highly dependent on debt to financer their acquisitions now have to deal with bankers who are reluctant to let borrowersw stretch too far.
Vanderselt said ownerxs who are selling their businesse s usually are in needof cash. In some case s instead of finding Business Transition Specialists hasfound investors, he said, “so the ownera are not unloading their whole company.” Some small businessesd are recession-resistant, such as heating and cooling businesses and plumbing Well-run businesses in those fields stilll can command a premium, Vanderselt said, but buyerd often still need financing.

Monday, October 22, 2012

Canal Side hotel site may be on move - Charlotte Business Journal:

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The hotel concept, while still may be a highlight of a slightly tweaked development plan forthe $315 million Canal Side project, pegged for the lower Main Streer area, just south of the New York State Thruway. Canal Side was unveilef in Decemberby , the local arm of , which is chargede with overseeing projects along Buffalo’s waterfront. Canapl Side’s final development plans will be shown to the public in July as part of a seriews of mandated public hearingse connected to environmental reviewx ofthe project. The environmental reviews are due to be completedethis fall.
Moving the hotel, rumored to be one from the Marriottcorporate family, is perhaps the biggest adjustment in the Canal Side development plan. Originally, proposed renovating the eight-storu Donovan Building into a multi-use complex anchored by a Sources now indicate the Donovan Building may be primarilg used for Class A officse space and apartments or A hotel is considered a cruciao element inCanal Side’s overall development plan. The Webstet block is currently used as a surface parking lot for downtow workers during the day and for patronas attending events at HSBC Arena on nightsdand weekends.
The block is locaterd between HSBC Atrium and thearena and, at one was considered the site of a proposed 14-story Adelphia Tower. Matt Davison, spokesman for Erie Canakl HarborDevelopment Corp., said while the Canal Side plan is beingb revised, the agency’s primary focus remains on finishingb the demolition of Memorial Auditorium and preparing for construction of a 150,000-square-foor Bass Pro store to anchofr the downtown development project.

Sunday, October 21, 2012

Carol Cain: Leaders show passion for, against ballot Proposal 2 - Detroit Free Press

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Carol Cain: Leaders show passion for, against ballot Proposal 2

Detroit Free Press


Beauty is in the eye of the beholder and so, too, politics as those on both sides of Proposal 2 suggest. Dick DeVos was so upset by prospects of the referendum possibly passing and the impact it would have on the state that the former Amway executive ...



Friday, October 19, 2012

UT-affiliated energy consortium to fund creation of new subsurface mapping technology - Houston Business Journal:

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The based out of the at UT's Jackson School of Geosciences has issued a request for proposalws todevelop micro- and The goal is to deliver technology that could be injectedd into reservoirs, helping to characterize subsurface spaces in three dimensiond and improving recovery of petroleum resources. The consortiunm expects to fund grants totaling as muchas $7 million this year to develoop the micro- and nanosensors.
Geoscientists think they can extracyt more oil and gas by gaininy a better understanding of the chemical and physicao characteristics of the host reservoirs and their hydrocarbon Usingcurrent technology, companiesx typically leave as much as 60 percent of oil undergrouned even after multiple recovery attempts, according to UT. More precisse mapping would also likely reducw the negative effects of drilling on thesurroundingb environment, researchers say. The privately funded consortiumk hasnine members: , , ConocoPhillips, , , and Gas, , Shelol and Total. Rice University, which has extensivre nanotechnology expertise, is a collaborative technicao partner.

Thursday, October 18, 2012

Greylock Partners to move HQ from Boston to Menlo Park, add jobs - Silicon Valley / San Jose Business Journal:

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Greylock, which has had a Silicon Area presence sincw theearly 1980s, said it has been steadily expanding its West Coast presence over the past 10 yeard by bringing in new partnersa with deep operational and entrepreneurial experience and making significant investments. Greylockl also said it plane to add severalnew positions, including to its Silicon Valle office in the coming year. As part of this Greylock has leased anew office, now undert construction, on Sand Hill Road. Its current West Coasy office is inSan Mateo.
Greylock'sw administrative and back office functions will relocate from Bostonn andDon Sullivan, a partner who has led the firm'sa finance and administrative operations for nine years, will move to the Bay Area wheree he will continue to lead operations for the The firm’s Boston office "will remain a key locatiom for Greylock and the firm plans to continuee to invest in the area," the firm

Wednesday, October 17, 2012

Cashing in on aging boomers - Portland Business Journal:

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“People wanted nothing to do with thematurew market,” said Maddy Dychtwald, senior vice presiden t of the company in San Francisco. Now, the consumer productsw and servicesindustry can’t stop thinking about the matured market, especially since a baby boometr turns 50 every 8½ seconds. At 78 milliomn people, boomers represent one-third of all adulta in the United States. They control half of the nation’s wealthu and, at least before the recession, were spendinb $2 trillion on consumer products and servicesa year. Boomersa were expected to account for about 40 perceng of spendingby 2015, according to a reportg in 2007.
So, retailers and marketers are eager to figure out how to reachjthis generation. Some in the consumer productss and services industry are gettinbit right, while many otheres still have much to learjn — and lose, said experts who specializes in marketing to baby boomers. Marketing to this 19-year generationn is proving tricky. Although boomers are lumped they’re a diverse group with divergentf life experiences given that they rangr in age from 44to 63. And like the rest of the they range from affluentf tofinancially disadvantaged.
The way to market to boomer s is by individual life stagesegments — such as empty-nester and grandparents — withour mentioning age, consultants said. “They refus e to be called seniors. That is the worst thing you can do to this saidAlice Jacobs, a Rosevillr baby boomer who advises companies on generational marketinf and teaches seminars and classes on the topic, including through UC Davis Extension. Although generalizing of boomers should be done older baby boomers refuse togrow up. They thinki old age starts around 75or 80, said Matt founder of , a marketing research and consultingf firm in Virginia. Boomers see themselves as vibranttand active.
They like trying new services and despite the myth that theyare brand-loyal, spokesman Anthonyu Deluise said. The association of people 50 and oldert no longer uses inits name. Boomers like print advertisintg because they want lotsof information. Boomersw also pay attention tonew media, and will clicjk on eye-catching Internet ads. This generationh also likes products, services and shopping experiencesz that make them feel special and consultants said. They don’t want to merely eat or buy They want to theywant experiences. This is especially true since the recession Many boomers who are 60 had expecte to retire over the nextfive years.
Now, they will likelh work an extra three to five years because oftheier hard-hit investments and pensions, Dychtwals said. The good news is they won’rt be on a fixed income and will still But their free time will be more More boomers will be workingt and raising children or grandchildren while also dealing with theit ownsick parents. As a result, “experience over thinga become valued,” Dychtwald said. “There is a real shiftt going on right now on what peopleare valuing.” Boomers in particular want to be responsible “It’s not about buying stufr to have stuff,” Thornhill said.
Lifestyle centerzs — which combine upscale stores with entertainment and comfortable places tolinger — providde the experiences that boomers want. Local examplews are Sacramento’s Pavilions center and The Fountainzin Roseville.

Monday, October 15, 2012

Q&A with Olympus President Haruo Ogawa: Quality, innovation key to staying ... - imaging resource

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Q&A with Olympus President Haruo Ogawa: Quality, innovation key to staying ...

imaging resource


Olympus has been in the news recently for a lot of different reasons -- some good (the popularity and positive reviews of its new cameras, in particular the OM-D E-M5), some bad (financial scandal) and some very interesting (Sony's rumored new ...



Sunday, October 14, 2012

Guidelines affect early breast cancer detection - Fond du Lac Reporter

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New York Daily News


Guidelines affect early breast cancer detection

Fond du Lac Reporter


Recommendations from the U.S. Preventative Services Task Force suggest routine screening mammograms for women starting at age 50 and then every other year until age 74. Studies raise concerns that longer spans between screening could delay ...


Breast cancer aw areness campaigns making a difference, Abilene experts say

ReporterNews.com


In Good Health: Seeing pink

New Philadelphia Times Reporter (blog)



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Friday, October 12, 2012

Coach's big decision: Containing Davis - ESPN (blog)

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Coach's big decision: Containing Davis

ESPN (blog)


... when asked about covering Davis on Friday, Williams responded, “that's not my role.” Regardless, the key to a Giants' victory this Sunday in San Francisco will likely be containing (since you can't stop) Davis -- and it's up to Fewell to figure out ...



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Thursday, October 11, 2012

Roberts backs KU Cancer Center's push for NCI designation - Wichita Business Journal:

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Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now takes 10 years to 17 yearesand $1 billion to bring a new drug to which Roberts called a “nationaol disgrace.” The National Cancer Institute said in November that the KU Cance Center has a Sept. 25, application date for its efforts to get aninitiaol five-year designation as an NCI cancere center. The months-long application process for institutions seekingg new designations begins with submission of documentation that sometimesexceeds 1,000 pages and includes a site visity and other steps. The earliest that KU Cancer Center’sz application could be approved is the springof 2012.
64 cancer centers receive Cancer Center Support Grantws to support research to reducsethe incidence, morbidity and mortality rate s of cancer. There are 23 cance r centers and 41 comprehensivecancer centers. The KU Canced Center is part of , which is the medicao research and education arm of the Universityhof Kansas. NCI designation — KU’s No. 1 priorityt — typically is grantedc to academicmedical centers. Therefore, KU Medica l Center is the entity that will apply forNCI • Increased regional patient access to cutting-edge clinical • More than $1.3 billion in annualo economic benefits in the region.
• An increas e in KU Cancer Center’s annual NCI financing from thecurrent $7.5 milliojn to about $40 million. NCI-affiliater institutions also attract world-class researcheres who bring NCI grants with and part of the estimated increase is based on Many of these researchers doubleas clinicians, adding expertisw and depth in various cancer-care

Monday, October 8, 2012

City University of Seattle to offer

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The Seattle school said it’s offeringt the program due to “the substantial rise in the numbefr of corporate social responsibility jobs being created around the Students inthe “sustainable” MBA programn will take the same core classes that othet MBA students at the schooo take, and then take courses in “social and environmentapl responsibility, marketing in a new economy, environmentakl accounting and sustainability and business opportunity.” Student s in the “sustainable” MBA programn can also take core classes at City University’w international locations in Europe, Asia and North America.
“CityU’se MBA in sustainable business is unique inthat (it) offerw a true sense of global corporate sociall responsibility by allowing (a) student in different countries during the program,” said Kevin Wilhelm, a member of the school’s advisory committee that helped developp the program.

Sunday, October 7, 2012

Foreclosure rates drop in three Tampa Bay counties - Pacific Business News (Honolulu):

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May was the third highest month of foreclosurwe activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continuse to grow as foreclosure delays and moratoriums are lifted in variouss states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggest decrease in the Tampwa Bayregion year-over-year, falling more than 14.
5 percent with 475 homees in some state of That represents one in every 169 homes undert the threat of being taken back by Sarasota County was not far behinds with just under a 7 percen drop affecting 1,072 homes, or one in everyg 206 households. Manatee County had a 2 percent drop sincd May 2008 that hit590 homes, or one in 287 properties. On the othetr end of the spectrum, Pasco Countyu had the largest increase in jumping more than 62 percentto 1,5000 properties.
That represents one in everyt 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent sincw April, Polk County was up nearlyt 53 percent over the past year as 1,572 homew were in foreclosure, representing one in every 177 homes. Pinellas Countu jumped 48 percentto 2,458 homes. Hillsborough County climbed nearl 20 percent in foreclosure rates as lenderstargeted 2,408 However, rates were down well over 25 percentt since April. Florida had the thirds highest rate of foreclosure in the country affectingv one in every148 homes. It had the secon highest number of foreclosures at just fewedrthan 59,000, a 50 percent jump from May 2008.
Threde Florida metropolitan areas were ranked amongf the 10 worst foreclosure rateas inthe nation: Cape Coral-Fort Myerws at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesx in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homes in

Thursday, October 4, 2012

Advanta agrees to refund customers up to $35M in FDIC agreements - Pacific Business News (Honolulu):

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That agreement addresses charges that theSpring House, Pa.-basedr company violated federal trade laws through its pricint strategies on business credit and in its marketing of cash-back rewards on the Advanta said it did not admit wrongdoing and that it entereds the agreements “in the interest of expediencyy and to avoid litigation.” Advantaa said it took a $14 million chargre to cover refunds tied to the alleged marketing violation s in third-quarter 2008 and will take a second-quarte 2009 charge to cover refunds over its pricing strategies, which it said couldx total $21 million. Advant a also agreed to a $150,000 fine.
In a separate agreementg with the FDIC, Advanta’s ability to use cash and pay dividendsw hasbeen restricted. The companyu must submit a plan to remain and submit a plan to terminateits deposit-takinhg operations and deposit insurance once its deposits are repaie in full, a proces expected to take a few years. The second agreement with the FDIC places restrictionson Advanta’s use of its cash payment of dividends and transactions that wouldx materially alter its balance sheet compositiob and taking of brokered deposits.
Advanta said the second order does not in any way restricgt it from continuing to service itsmanaged credit-card accounts and In an effort to limit losses and erosiohn of its capital as credit deteriorates, Advanta said in earlh May that its securitization trusrt will go into early amortization — whered the company uses receivables from customerw to accelerate payment to investor bondholders. While that protects investorw from prolonged exposure to a pool of receivablew whose credit performancehas deteriorated, Advanta would have needec an alternative way to fund new purchases on its credit cards. So it had to shut down futurre use, effective May 30.
It has sinc e referred some customers to AmericanExpress Co. Advanta’s stock closeed 2 7 percent lower Wednesday at42 cents.

Wednesday, October 3, 2012

Perry signs bill that includes $150 million for UTMB - Sacramento Business Journal:

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The university will use the funde to build anew 200-bed hospital towef adjacent to the existing John Sealy restoring bed capacity to 550, as it was priofr to Hurricane Ike. In tuition revenue bonds of $5 million will go to at HB 51 also establishes measurezs to enhance and maintain the qualitu ofthe state’s designated and emerging publicv research universities, creates incentive programs and funding for highefr education institutions, provides higher education fund and creates an interim committee to study the feasibilithy of tracking specialized technology researcgh projects.
Of the 62 national researcyh institutions inthe nation, three universitiex — , The and Texas A&M University — are in The Texas Higher Education Coordinating Board has designatex seven institutions as emerging research universities: the ; the Universitt of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of North Texas. In HB 51 provides a performance incentive funding mechanism for all ofthe state’ss general academic institutions based on the average number of degreexs awarded annually and an increase in the averagr number of degrees awarded with weighted consideration for at-risk studentes and critical fields.

Monday, October 1, 2012

Clarcor's Q2 earnings drop more than 30% - Houston Business Journal:

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percent in the second quarter, compared to the same periodr ayear ago. Franklin-based Clarcor CLC) reported income of or $0.50 cents per diluted share, in the quarter ended May 30, compared to $40,783, or $0.8o cents per diluted share, in the year-agok period. Revenue came in at $229,395 for the down 14.1 percent from the previous year’x quarter, when revenue came in at Analysts, on average, estimated earningxs of 38 cents per share on revenuerof $243.
1 million, according to Reuters “As we had expected, this year’s second quarter was though operating results were much stronger than in our firsr fiscal quarter,” says Norm Johnson, Clarcor’es chairman and CEO, in a release. “Outr order rates, overall, have stabilized, and we are beginningt to see indications of increased product demandf inselected markets.” Clarcor makes mobile, industria and environmental filtration products and consumer and industrial packaging products sold to domestic and international markets.
Johnso n notes that more than 80 percent of its filteer sales are generated from the replacementfilter aftermarket, so even if new buildinv and equipment continues to falter, maintenancre of existing equipment and facilities will continue. Sharesz of Clarcor closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.