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 ... |
Tuesday, October 30, 2012
Jeffersonville Mayor Mike Moore fires city spokeswoman - The Courier-Journal
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Monday, October 29, 2012
CircuitCity.com comes back to life - Dayton Business Journal:
authors-morphology.blogspot.com
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.
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.
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.
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.
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:
ogarawo.wordpress.com
“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.
“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.
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.
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