Heritage Oaks CEO Larry Ward to retire - Pacific Coast Business Times

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Heritage Oaks CEO Larry Ward to retire Pacific Coast Business Times Paso Robles-based Heritage Oaks Bancorp said Jan. 28 that longtime President and CEO Larry Ward will retire by the end of 2011. ... Heritage Oaks Bancorp appoints new executive vice president and CFO Trading Markets (press release)  »

Falling prices, tax credits help move Portland home market - Portland Business Journal:

http://www.ifc.com/mt/mt-cp.cgi?__mode=view&id=27623
The reported 1,776 closed sales in June, 5 percenf fewer than a year ago. The median home price of $249,9009 was 13.5 percent lower than in June 2008. The average price, $299,800, was down 14 percent over the same period. So far in 7,499 home sales have closexd with an average priceeof $295,100. With fewer new homes on the the inventory level was enough to satisfy demansdfor 8.2 months, the most favorable level for sellersx since fall 2007. First-time home buyers can qualify foran $8,000o federal income tax credit if they close on a new home purchases by December. Realtors consider a markeft balanced when there isa six-month inventorhy of homes available.
The higher the inventory, the more the markegt favors buyers. As of July 1, five Portland zip code had inventory levels thatfavor sellers, according to Realtort Nick Krautter of . They are 97214 (Ladds Addition/Hawthorne), 97217 (Arbort Lodge/Kenton), 97202 (Sellwood/Woodstock), 97211 (Piedmont/Concordia) and 97213 (Ros City Park/Hollywood).

Suburbs steering clear of banks - San Antonio Business Journal:

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The cities of Lakewauy and Westlake Hills have each quietly passed ordinancew either banning or restricting bank City officials have concerns aboug branches taking up prime real estate and limitinb sales taxrevenue growth. "We're not tryingy to eliminate banks, but we want them to meet the same test as any othere business coming to our says Lakeway MayorSteve Swan. Bankw are drawn to the two communities because of their growin populations and because they have the highesr incomes in theAustibn area. Westlake Hills and Lakeway are two of the most desirabled spots in the saysDaniel Hodges, presidenf and CEO of .
"The lifebloods of a bank is originating and retaining Hodges says. However, both communities want more stores andrestaurantds -- which yield sales tax revenue -- for the benefig of residents and the city In the spring, the Lakeway City Council added banka to a list of businesses that must move through a permitting processs that was reserved for fast-food restaurantsx with drive-thru windows. Previously, the city did not requiree banks to go through a uniquepermittint process. The move in Lakeway was spurred by the dozebn bank branches ona three-mile stretch of FM 620, the only majof road in the town of 9,545 residents.
The mediam household income for Lakeway was according to the2000 census. At Regionsw Bank, managers say they were not aware of the bank moratorium inWestlakre Hills, and say permitting steps in Lakewau will not be a majodr hurdle for banks. However, Tommy Gonzalez, consumerr sales manager over Regions' 13 branches, says the citieas should consider the reliable property taxes paid by Restaurants may bring in sales tax but have highfailures rates, he says. "Of course, we have been perplexed a littlde about the number of bankzs that have chosen to locatrein Lakeway," Swan says.
"A lot of us wouldd prefer to see a sales tax generating use of ourprecious [FM] 620 frontage land." Swan was not sure Lakewayy could go as far as nearby Westlake Hills did in the fall when it passerd a moratorium on new Such bans on development are often used by cities to restrictf pawn shops and liquor stores. The step was needed in a town whosee size is roughly three square miles with a dozejn banks along the main thoroughfare of BeeCave Road, says Westlakse Hills City Councilman Earl Broussard. Accordinyg to the 2000 Census, the median household incomr of Westlake Hillswas $116,905. There are an estimatedd 3,053 residents.
Two landmark a restaurant and ahardwar store, closed and were replaced by That sparked the council's desire to examine the placement of says Broussard, adding that the ban has lasted too He says the issue should be revisited this Broussard says the ban was neededc in the past because banks were too indiscriminats over where to set up sometimes not having ATM or drive-thru

Snyder asks cities to think of cheaper ways to provide public services - Detroit Free Press

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CBC.ca

Snyder asks cities to think of cheaper ways to provide public services Detroit Free Press LANSING -- Gov. Rick Snyder ch »

Eastern Bank Corporation Company Profile | Company Information

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Time Warner board approves AOL spinoff - Dallas Business Journal:

http://www.lucidicstudios.com/Home-Design-Sense-Bathroom-Design-Ideas.html
Following the proposed transaction, AOL would be an independentr publiclytraded company. In a statementg Time Warner (NYSE: TWX) said that “afted the proposed separation is complete, AOL will competew as a stand-alone company — focused on growingb its Web brandsand services, which currently reach more than 107 milliom domestic unique visitors a month, as well as its advertising which operates the leadingv online display network that reaches more than 91 perceng of the domestic online AOL will also continue to operate one of the largesr Internet access subscription services in the U.S.
” Time Warned disclosed plans to spin off the AOL unit in announcingh quarterly results that beat analysty estimates, despite a continued decline at the AOL AOL's headquarters had been at Dullesz but was moved to New York City last AOL’s revenue fell 23 percenty last quarter to $867 led by a 27 percent drop in subscription revenue and a 20 percenft drop in advertising revenue. AOL’s results contributed to an 8 percenyt decline in companywide revenueto $6.9 billion. Time Warner’s first quartere net income was $661 million, or 55 cents per down from $771 million, or 64 cents per share a year earlier.

Champs Sports extends agreement - Baltimore Business Journal:

http://oneveteransvoice.com/blog/2006_08_01_archive.html
Champs Sports, a division of New York-based (NYSE: FL), and Floridaa Citrus Sports announced the sponsorship extensionJuly 7, but didn’t disclose any specifics of the deal in a written The game is played on Dec. 29 each year between college teams from the Atlantic Coast and Big Ten Last year’s game attracted a recorfd number of attendees — 52,692 — and was amongv the highest-rated bowl games telecast by ESPN. “Champse Sports is truly one of the most committed sponsors incollege football. We are extremely pleased to have them as a partner and name sponso r of the Champs Sports Bowl for another four saidSteve Hogan, CEO of Floridaz Citrus Sports.
Florida Citruws Sports is a nonprofit organizationh dedicated to promoting the Central Florida communithy through foursignature events, including The Capital One and Champs Sportds bowl games, the Orlando Citrus Parade and the OUC half marathonn and 5k.

NFL Playoff Picks: Divisional Round Full Of Tough Choices - SB Nation New York

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NFL Playoff Picks: Divisional Round Full Of Tough Choices SB Nation New York It is time once again to look into the crystal ball and make my NFL playoff predictions for this weekend's ... and more »

Debunked: Jurassic Park 4 Not Shooting at Universal - ComingSoon.net

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ComingSoon.net

Debunked: Jurassic Park 4 Not Shooting at Universal ComingSoon.net The board lists Jurassic Park 4 as shooting on stages "7, 10, 12, 14" and sites are speculating whether that's the case. While we'd love for that to be true ... Jurassic Park 4 Shooting at Universal Studios Hollywood? Behind The Thrills (blog)  »

N.J. tax amnesty brings revenue windfall - Tampa Bay Business Journal:

http://carreerrss.com/2008-lincoln-and-mercury-models-at-central-florida-lincoln-mercury-inc.html
New Jersey expected to generatde $100 million when the 45-day program was launched, but at its close last week had collected morethan $600 milliob in back taxes owed. Final revenu could increase byanothetr $50 million to $100 million once the remainint 17,500 envelopes are opened and processed, the Governor’es Office said. New Jersey’s which ran from May 4 to June 15, permitted thosse owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinterestg owed. Of the collections processed to 56 percent were for the corporationbusiness tax, 23 percentg for sales and use taxes and 14 percengt for gross income tax.
A vote on a finalk budget for New Jerseg isexpected Thursday. Gov. Jon S. Corzine woulcd like to see the additional revenue be put towardr propertytax relief, which was slated to be eliminated for all but seniors and the disablerd to address an up to $9 billiobn deficit in fiscal year 2010. In Pennsylvania, state Rep. John C. R-Lancaster, is pitching legislation for a one-timwe tax amnesty program as a budget fix for his The bill would permitga 90-day tax amnesty perioc during 2009-10 fiscal year. The bill is in the Housd Finance Committee. “New Jersey has confirmerd that this is a perfectg time for a tax amnesty program to succeerin Pennsylvania,” said Bear.
“We are facinh a $3.2 billion budget deficit and New Jersey’s successfulo program should vividly illustrate that such a programj can collect hundreds of millionsin revenue, or already owed to the state.” Pennsylvania’s last tax amnestyh program, which occured more than a decade ago, brought in $93 million, Bear said. Revenue from a tax amnestuy program could be used to addressthe state’ s budget deficit, instead of Gov. Ed Rendell’s proposal to raise the state income taxfrom 3.07 percent to 3.57 percent, Bear The governor’s proposed 16 percent increase in the personal incomse tax rate would generate about $1.
5 billion a year in new revenues and amount to about $250 more per year for a familyy earning $50,000. “Now — during this dire budget crisi — is the time for a new tax amnest program to be putin place,” Bear said.

Consumer confidence drops - Dayton Business Journal:

consistency-portable.blogspot.com
The monthly index fell 5.5 points to 49.3 in June from 54.8 in May. •Those claiming business conditionsare “good” decreased to 8 percen t from 8.8 percent in May, while those sayinvg conditions are “bad” increased to 45.6 perceny from 44.5 percent. •The numbert of individuals who said jobsare “hard to get” increased to 44.8 percentt of those surveyed from 43.9 percent in May. Those sayinh jobs are “plentiful” decreased to 4.5 percentf from 5.8 percent. •The numberr of consumers anticipating an improvement in businese conditions over the next six months decreasedto 21.2 percentg from 22.
5 percent, while those expecting conditionds to worsen increased to 20.2 percent from 18 percenft in May. •The number of people who anticipated more jobs in the montha ahead decreasedto 17.4 percent of those surveyed from 19.3 percent in May, while those anticipating fewer jobs increaseed to 27.3 percent from 25.6 percent. •The numbeer of consumers expecting an increase in personal income declinedto 9.8 percenft from 10.8 percent. The Consumer Confidence Survey is based on a representative sampleof 5,000 U.S.

Nonprofits brace for budget emergency aftershocks, IOUs - Kansas City Business Journal:

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While service providers don’t yet know whether they’lk receive IOUs — or what the amountd will be — Sparky Harlan, CEO of the in Santa is prepared forthe worst. “W e receive about $400,000 in state Harlan said. “We’re already accustomed to getting money from the stateelate — last year, for example, it took until December before we finally got paid.” For this year and last year the centet has relied on a $150,000 line of credit throughh to cover the gap, along with $500,000 out of its reservre funds. The center’s operating budget is $10 millio for fiscal 2009-10.
The money that may be on hold from thestatw covers, in part, the center’xs shelter and drop-in program, streey outreach, and parenting classes. “The problem right now is that we don’tf know for certain how much they’re goingt to hold back,” said who has been with the center for26 “But this is by far the worsr I’ve ever seen.” In anticipation of the state’s budget 10 percent cuts have already been plannec for foster-care payments. Locally there are 300 to 400 kids infosterd care.
Foster care rates are the same across the so familiesin high-cost areas such as the Bay Area get the same amountr of compensation as peopls in more affordable places. “We’re fronting half a milliohn dollars already,” she said. It’a a layered problem for the center, sincde in addition to state money some comes from the federakl Housing and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six months for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harla n said the Bill Wilson Center has closed down two programes already and cut about 15 percent of its leaving about110 employees. These are real she pointed out — not attritiob or open jobs — and to do. “We had to give one staffd person a layoff notice and a week later his wife was laid off fromanothefr nonprofit,” she said. in Campbell gets about $500,000 a year from the statwe for itsAIDS services. CFO Ira Holtzmann said the agency is large enough and financially stabl e enough that he would just book an IOU as accountes receivable and hope the moneg camethrough eventually.
The Health Trust’s budgef for fiscal year 2010 is morethan $16 Holtzman said. Pam executive director of andVisually Impaired, which has officee in Palo Alto and Santa Cruz, said that even thougb her agency provides the kind of services that are especially at risk in Statew Controller John Chiang’s the Vista Center is relatively “We receive money through Title 7 Chapter 2 Brandin explained. “Since much of our fundingt is federalmoney we’re hoping that it has to be releaser and passed on; the state won’ft be allowed to hold on to it.
” The Vista Center also has school contracts through special education “Last year when the state had similar budget issueds we didn’t receive any IOUs,” she said, “but that situationn was resolved sooner than this appears to be. The agenciess that receive IOUsprobably won’t even know they’re cominvg until they submit their bills.” She’x also banking on Vista Center’s statu as a preferred vendor with the “so we’ll be paid in advance of othet vendors — if in fact the state is even writinv checks.
” Lisa Hendrickson, president CEO of Avenidas Rose Kleiner Senior Day Healtg Center in Palo Alto, is also cautiouslu optimistic. “The only funds we received from the state are MediCal payments for services provided at our adulrdaycare center,” she said. “Ourd understanding is that those services are protectedc by the state constitution as well asfedera law. We do receivse funding indirectly throughthe county, but we don’tt expect that to be affected.” Tom Kinoshita, public policy directord of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’ going to happen.
But even with the most optimisticcoutcome it’s still going to be very He pointed out that the deficity last year for Santa Clara County was more than $270 and many of the cuts were made in program around health, mental health, druge and alcohol and social services. And there’s no relief on the For 2011 the county is lookintg at a deficit ofabout $250 he said.