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Wednesday, May 30, 2012
Tuesday, May 29, 2012
Duke, CFO study: CFOs foresee more job cuts, credit woes - Portland Business Journal:
opexibu.wordpress.com
The quarterly Duke University/CFO Magazinee Global Business Outlook Surveyaskedf 1,309 CFOs worldwide about thei r expectations for the economy. Their answersa paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europer expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen risinv to perhaps as high as 12 percent in the next 12 Employment in Asia is expectedr to recedeby 1.
2 “Presumably, government programs will offset some of these losses, but even the most optimistid government forecasts would reduce the losses by only 2 said Campbell Harvey, founding directodr of the survey and international businessz professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foresee capital spendinf plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiesw covered by the survey reported having trouble finding credit or acquiringg credit at areasonable rate.
Amonv those firms encounteringcredit impediments, 42 percent say the credi t markets have gotten worse this while 23 percent say conditions have * Weak consumer demand and the creditr markets ranked as the top two external concerns among U.S. chietf financial officers, with the federal government’xs policies coming in third. Among internal CFOs are losing the most sleep over theird inability to plan due toeconomixc uncertainty, managing their companies’ capital and liquidity, and maintainingv employee morale. Despite all the negative indicators, a majority of the CFOs in the United Statesw and Asia reported being more optimistic this quarter than they were theprevious quarter.
That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’t put too much weight on the data like consumer confidence. Recovery requirese sustained confidence, and such confidenced is forged by strongereconomic fundamentals,” Harvey “The economic fundamentals –- capital spending, the cost of credit are still fundamentally troubling.” To see the complete survegy results, go to the official Web .
The quarterly Duke University/CFO Magazinee Global Business Outlook Surveyaskedf 1,309 CFOs worldwide about thei r expectations for the economy. Their answersa paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europer expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen risinv to perhaps as high as 12 percent in the next 12 Employment in Asia is expectedr to recedeby 1.
2 “Presumably, government programs will offset some of these losses, but even the most optimistid government forecasts would reduce the losses by only 2 said Campbell Harvey, founding directodr of the survey and international businessz professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foresee capital spendinf plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiesw covered by the survey reported having trouble finding credit or acquiringg credit at areasonable rate.
Amonv those firms encounteringcredit impediments, 42 percent say the credi t markets have gotten worse this while 23 percent say conditions have * Weak consumer demand and the creditr markets ranked as the top two external concerns among U.S. chietf financial officers, with the federal government’xs policies coming in third. Among internal CFOs are losing the most sleep over theird inability to plan due toeconomixc uncertainty, managing their companies’ capital and liquidity, and maintainingv employee morale. Despite all the negative indicators, a majority of the CFOs in the United Statesw and Asia reported being more optimistic this quarter than they were theprevious quarter.
That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’t put too much weight on the data like consumer confidence. Recovery requirese sustained confidence, and such confidenced is forged by strongereconomic fundamentals,” Harvey “The economic fundamentals –- capital spending, the cost of credit are still fundamentally troubling.” To see the complete survegy results, go to the official Web .
Sunday, May 27, 2012
Second recession deemed possible - Silicon Valley / San Jose Business Journal:
callahamirykaan1884.blogspot.com
Those odds may seem low, but they’r actually high since double-dip recessions are rare and the U.S. econom y grows 95 percent of the saysthe chamber’s Marty He predicts the current economic downturn will end arounds September. However, the unemployment rate will remain high throug the first half of next year andinvestmengt won’t snap back as quickly as it usually does aftedr a recession, Regalia says. Inflation, however, loomsa as a potential problem because of thefederal government’w huge budget deficits and the massivr amount of dollars pumped into the economyu by the Federal Reserve, he says.
“The economy has got to be runnintg on its own by the middle of next Regalia says. Almost every major inflationar y periodin U.S. history was preceded by heavy debt he notes. The chances of a double-dip recession will be lowe if Ben Bernanke is reappointed chairman of the Federal Regalia says. If President Barack Obama appoints his economic adviser Larry Summers to chairthe Fed, that woulds signal the monetary spigot would remainb open for a longer time, he A coalescing of the Fed and the Obamas administration is “not something the markets want to Regalia says. Obama has declined to say whetheer he willreappoint Bernanke, whosd term ends in February.
Those odds may seem low, but they’r actually high since double-dip recessions are rare and the U.S. econom y grows 95 percent of the saysthe chamber’s Marty He predicts the current economic downturn will end arounds September. However, the unemployment rate will remain high throug the first half of next year andinvestmengt won’t snap back as quickly as it usually does aftedr a recession, Regalia says. Inflation, however, loomsa as a potential problem because of thefederal government’w huge budget deficits and the massivr amount of dollars pumped into the economyu by the Federal Reserve, he says.
“The economy has got to be runnintg on its own by the middle of next Regalia says. Almost every major inflationar y periodin U.S. history was preceded by heavy debt he notes. The chances of a double-dip recession will be lowe if Ben Bernanke is reappointed chairman of the Federal Regalia says. If President Barack Obama appoints his economic adviser Larry Summers to chairthe Fed, that woulds signal the monetary spigot would remainb open for a longer time, he A coalescing of the Fed and the Obamas administration is “not something the markets want to Regalia says. Obama has declined to say whetheer he willreappoint Bernanke, whosd term ends in February.
Saturday, May 26, 2012
Thursday, May 24, 2012
Biz Break: Tech stocks take a dive, but Hewlett-Packard and Facebook manage gains - San Jose Mercury News
olimstgon.blogspot.com
VentureBeat | Biz Break: Tech stocks take a dive, but Hewlett-Packard and Facebook manage gains San Jose Mercury News By Jeremy C. Owens Today: Continued concerns about demand in Europe hurts Silicon V » |
Wednesday, May 23, 2012
WNY factory output near 6-year low - Business First of Buffalo:
utyziluz.wordpress.com
The , in its monthlg report issued Monday, said the purchasing manager’s or PMI, continued to plunge in May. The non-seasonallt adjusted index dropped 6 percentyto 41.7 percent last month while the seasonalluy adjusted index was off 5.6 percent to 40 percent. Those are the lowest marks sinceJune 2003. Just one of the six indicew measured — commodity prices — was up compare to April and saidArthur Aramino, chairmaj of the business survey committee, “Higher pricesw will certainly not help the manufacturing sectorf recover.” Production, new orders, inventories, employment and deliveries are the othe r indices used to compile the report.
“Many of the respondents are tied to the auto and buildin industries and until those industries turn Aramino said, “Western New York will likely continude to experience contraction in the manufacturing sector.” When the PMI is above 50 percent, the sector is expanding; a reading belowq 50 percent indicates contraction.
The , in its monthlg report issued Monday, said the purchasing manager’s or PMI, continued to plunge in May. The non-seasonallt adjusted index dropped 6 percentyto 41.7 percent last month while the seasonalluy adjusted index was off 5.6 percent to 40 percent. Those are the lowest marks sinceJune 2003. Just one of the six indicew measured — commodity prices — was up compare to April and saidArthur Aramino, chairmaj of the business survey committee, “Higher pricesw will certainly not help the manufacturing sectorf recover.” Production, new orders, inventories, employment and deliveries are the othe r indices used to compile the report.
“Many of the respondents are tied to the auto and buildin industries and until those industries turn Aramino said, “Western New York will likely continude to experience contraction in the manufacturing sector.” When the PMI is above 50 percent, the sector is expanding; a reading belowq 50 percent indicates contraction.
Monday, May 21, 2012
World Telecom Exchange opens HQ in Tysons - Atlanta Business Chronicle:
raisavydyexuwowi.blogspot.com
World Telecom opened a 2,000-square-foot officde recently at 8201 Greensboro Drive, a 361,000-square-foot commercial building in McLean ownedby D.C.-based B.F. Saul and Co. The a wholly-owned subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-based telecommunicationxs investment company focused on aggregating wholesale telephony and data traffifc in emerging markets, is a network services company that provides engineering, sales and billing and outsourced technical support services. To about six employees will be based at the new headquarters with room forfurthef expansion.
World Telecom’s servicesa include call routing, satellite services, Voice over Internet Protocol TDM network, code division multiple accesa (CDMA), WiMax and network managemeny outsourcing. “WTXC’s success illustrates that our regiom remains a great place to start and growa business,” said Mike a vice president at Rockville-based Scheetr Partners Inc., who brokered the lease. “Andc the commercial real estate market is yieldinf opportunities for business ownersthat haven’t existefd since the early part of the decade.
” Scheer Partners broker Ben Heller, who also workedx on the deal, added that the company “evaluatec a handful of locations in McLea n and Vienna... deciding on 8201 Greensborl Drive forseveral reasons,” that included its location, “a very fair markert deal” and other appealing terms such as a “goocd cure period on defaults.”
World Telecom opened a 2,000-square-foot officde recently at 8201 Greensboro Drive, a 361,000-square-foot commercial building in McLean ownedby D.C.-based B.F. Saul and Co. The a wholly-owned subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-based telecommunicationxs investment company focused on aggregating wholesale telephony and data traffifc in emerging markets, is a network services company that provides engineering, sales and billing and outsourced technical support services. To about six employees will be based at the new headquarters with room forfurthef expansion.
World Telecom’s servicesa include call routing, satellite services, Voice over Internet Protocol TDM network, code division multiple accesa (CDMA), WiMax and network managemeny outsourcing. “WTXC’s success illustrates that our regiom remains a great place to start and growa business,” said Mike a vice president at Rockville-based Scheetr Partners Inc., who brokered the lease. “Andc the commercial real estate market is yieldinf opportunities for business ownersthat haven’t existefd since the early part of the decade.
” Scheer Partners broker Ben Heller, who also workedx on the deal, added that the company “evaluatec a handful of locations in McLea n and Vienna... deciding on 8201 Greensborl Drive forseveral reasons,” that included its location, “a very fair markert deal” and other appealing terms such as a “goocd cure period on defaults.”
Sunday, May 20, 2012
Cardinal spinoff files first SEC documents - Business First of Columbus:
a-ee85aqa.blogspot.com
Dublin-based Cardinal’s technology-centered clinica and medical products which will be known as CareFusion filed a Form 10 registration statement withthe . likely to trade on the under the ticketsymbol CFN, is a more than $4 billion-a-yeaer business. Dave Schlotterbeck, a Cardiakl vice chairman who’s set to serve as CareFusiobn CEO, said the company continuexs to eye this summer for completing the but “some of the conditions to completing the spin are not withi our direct control, which may push the spinoftf to later in the year.
” A numbet of hurdles remain, including a nod from the SEC on the company’a Form 10 and a ruling from the that qualifies the deal for a tax-frese spinoff. The company also told investorsw that it will spin off at leasft 80 percentof CareFusion’s outstanding while Cardinal will retain the remaining shares. Those will be divested within five years after the Cardinal said. Cardinal Health (NYSE:CAH), Ohio’s largest publiclgy held corporation, earned $1.3 billion on $91. 1 billion in revenue for the year enderdJune 30.
Dublin-based Cardinal’s technology-centered clinica and medical products which will be known as CareFusion filed a Form 10 registration statement withthe . likely to trade on the under the ticketsymbol CFN, is a more than $4 billion-a-yeaer business. Dave Schlotterbeck, a Cardiakl vice chairman who’s set to serve as CareFusiobn CEO, said the company continuexs to eye this summer for completing the but “some of the conditions to completing the spin are not withi our direct control, which may push the spinoftf to later in the year.
” A numbet of hurdles remain, including a nod from the SEC on the company’a Form 10 and a ruling from the that qualifies the deal for a tax-frese spinoff. The company also told investorsw that it will spin off at leasft 80 percentof CareFusion’s outstanding while Cardinal will retain the remaining shares. Those will be divested within five years after the Cardinal said. Cardinal Health (NYSE:CAH), Ohio’s largest publiclgy held corporation, earned $1.3 billion on $91. 1 billion in revenue for the year enderdJune 30.
Friday, May 18, 2012
M.D. Anderson
shemwellmygalej1291.blogspot.com
Young patients at M.D. Anderson have created a line of productas for animal lovers that will be available for sale onJune 10. Stump and his dog pal, winner of the 2001 Westminstert show, will visit patients at the Children’s Cancet Hospital at M.D. Anderson on June 10 sporting the Children’zs Art Project’s new “Flag” bandana featuring the artworlk of threepediatric patients. In addition to the pet bandana, the Children’s Art Project is introducingg a collection of five dog ornaments from Joy to the WorlsdCollectibles — a line of glass ornamentws blown and hand painted in Poland each wearing the “Flag” bandana.
The project also has “Candyg Cane” dog shirts and “Joy Wreath” bandana s available for owners to purchase for their pets during theholidayg season.
Young patients at M.D. Anderson have created a line of productas for animal lovers that will be available for sale onJune 10. Stump and his dog pal, winner of the 2001 Westminstert show, will visit patients at the Children’s Cancet Hospital at M.D. Anderson on June 10 sporting the Children’zs Art Project’s new “Flag” bandana featuring the artworlk of threepediatric patients. In addition to the pet bandana, the Children’s Art Project is introducingg a collection of five dog ornaments from Joy to the WorlsdCollectibles — a line of glass ornamentws blown and hand painted in Poland each wearing the “Flag” bandana.
The project also has “Candyg Cane” dog shirts and “Joy Wreath” bandana s available for owners to purchase for their pets during theholidayg season.
Thursday, May 17, 2012
Centene closes on financing for HQ project - Dallas Business Journal:
ra-iwinyro.blogspot.com
A U.S. Bank-led consortium committed on June 5 to a constructiom loan forthe 17-storh office tower, which will house the corporatew headquarters for Centene, one of St. largest public companies, and , one of the area’ds largest law firms. Construction began in October to demolisuh the former building on the site and start work on the firsftwo floors. The project will have 460,000 square feet of officde spaceand 28,125 square feet of retail The , led by chief executivse Bill Koman, signed on as an equity partner in the projectt earlier this year.
of Chicago, which had led development efforts for Centene’s new dropped out as an equity partner but will stillo serve as a consultant. The equity partners in the projecftare Centene, and . Centene Center will be Clayton’xs first new office building in nearly a decade when it is completef inJuly 2010. Centene Center, to be built at the heart of Clayton’d central business district at Hanley and is one of afew new, large-scalw developments to proceed in recen months. Retaining Centene, St. Louis’ 11th-largest publid company, is also a boost for the regioh asa whole, in light of job losses at and other top companies. Centene Corp.’s 2008 revenu e was $3.
4 billion and the companyh has more than 500local employees. Centene is led by Presidentg and CEOMichael Neidorff. Centenwe Center’s other main tenant, Armstrong the city’s third-largest law firm, is movinyg its 200 local attorneys there from the Metropolitan Square building Centene Corp., one of the nation’s largesty providers of managed care programs and relate services to individuals undef Medicaid, first sought in 2004 to build a replacementf building a block away from its existint headquarters at 7711 Carondelet Ave. That year, it bought a formert bookstore, Library Ltd., at Forsyth and Hanlegy from Summit Development Group forabouft $10 million.
Centene then faced a two-yearr court battle with three commercialproperty owners, the late Dan David Danforth and Debbier Pyzyk, who resisted the city of Clayton’xs efforts to take their buildings on Forsyth through eminengt domain to make way for the new , a development firm with projectsd around the world, conducted a nationwide searcyh for possible sites for Centene’s with proposals from Illinois and Coloradi in the running for a potential relocation of the Centene abruptly changed course in September 2007 and announcef its plans to be an anchor tenan in the proposed Ballpark Villagr development downtown.
By March 2008, Centenee reversed course again and dropped its plans to move After the Missouri Supreme Court ruled in the Clayton property favor on the eminentdomain suit, Centene ultimately boughtr the three Forsyth properties in early 2008 for $19 In February, the Clayton Board of Aldermen approved a scaled-dowh version of the project from the original cost of $215 The planned office towert was reduced in size by several floor s as Centene opted to initially lease just 200,009 square feet of space instead of 300,000 square feet, and the retaipl portion was minimized to 28,125 squars feet from 34,000 square feet.
Armstrong Teasdalde has signed a leasefor 125,000 squarw feet of space, making it one of the largest locak office lease deals announced in 2009.
A U.S. Bank-led consortium committed on June 5 to a constructiom loan forthe 17-storh office tower, which will house the corporatew headquarters for Centene, one of St. largest public companies, and , one of the area’ds largest law firms. Construction began in October to demolisuh the former building on the site and start work on the firsftwo floors. The project will have 460,000 square feet of officde spaceand 28,125 square feet of retail The , led by chief executivse Bill Koman, signed on as an equity partner in the projectt earlier this year.
of Chicago, which had led development efforts for Centene’s new dropped out as an equity partner but will stillo serve as a consultant. The equity partners in the projecftare Centene, and . Centene Center will be Clayton’xs first new office building in nearly a decade when it is completef inJuly 2010. Centene Center, to be built at the heart of Clayton’d central business district at Hanley and is one of afew new, large-scalw developments to proceed in recen months. Retaining Centene, St. Louis’ 11th-largest publid company, is also a boost for the regioh asa whole, in light of job losses at and other top companies. Centene Corp.’s 2008 revenu e was $3.
4 billion and the companyh has more than 500local employees. Centene is led by Presidentg and CEOMichael Neidorff. Centenwe Center’s other main tenant, Armstrong the city’s third-largest law firm, is movinyg its 200 local attorneys there from the Metropolitan Square building Centene Corp., one of the nation’s largesty providers of managed care programs and relate services to individuals undef Medicaid, first sought in 2004 to build a replacementf building a block away from its existint headquarters at 7711 Carondelet Ave. That year, it bought a formert bookstore, Library Ltd., at Forsyth and Hanlegy from Summit Development Group forabouft $10 million.
Centene then faced a two-yearr court battle with three commercialproperty owners, the late Dan David Danforth and Debbier Pyzyk, who resisted the city of Clayton’xs efforts to take their buildings on Forsyth through eminengt domain to make way for the new , a development firm with projectsd around the world, conducted a nationwide searcyh for possible sites for Centene’s with proposals from Illinois and Coloradi in the running for a potential relocation of the Centene abruptly changed course in September 2007 and announcef its plans to be an anchor tenan in the proposed Ballpark Villagr development downtown.
By March 2008, Centenee reversed course again and dropped its plans to move After the Missouri Supreme Court ruled in the Clayton property favor on the eminentdomain suit, Centene ultimately boughtr the three Forsyth properties in early 2008 for $19 In February, the Clayton Board of Aldermen approved a scaled-dowh version of the project from the original cost of $215 The planned office towert was reduced in size by several floor s as Centene opted to initially lease just 200,009 square feet of space instead of 300,000 square feet, and the retaipl portion was minimized to 28,125 squars feet from 34,000 square feet.
Armstrong Teasdalde has signed a leasefor 125,000 squarw feet of space, making it one of the largest locak office lease deals announced in 2009.
Tuesday, May 15, 2012
Monday, May 14, 2012
Cameron to acquire Natco Group - Houston Business Journal:
pemp66seb.blogspot.com
The purchase price is based onNatcop Group’s closing stock price of $31.03 on June 1. Unde the agreement, Natco (NYSE: NTG) shareholders will receivd 1.185 shares in Houston-based Cameron CAM) in return for each of Natco’s 20.3 millio n shares outstanding. In a Tuesday conference call, it was statedr that the companieshave “admired each other’e capabilities for three “As you know, Natco builds processing and separationm products, something that Cameron outsources most of said Jack Moore, president and chief executive officee of Cameron.
He said he estimates that combining the companies will yielrd a cost savings ofabouty $30 million to $40 When the deal closes in the thirds quarter, Natco shareholders will own about 10 percent of Cameron’s 217 milliob shares outstanding. Natco has abou 2,400 employees and had revenue of morethan $650 milliomn during 2008. Simmons & Co. Internationalk served as financial adviser toCameronj (NYSE: CAM), while Barclays Capital served as financial adviserf to Natco.
The purchase price is based onNatcop Group’s closing stock price of $31.03 on June 1. Unde the agreement, Natco (NYSE: NTG) shareholders will receivd 1.185 shares in Houston-based Cameron CAM) in return for each of Natco’s 20.3 millio n shares outstanding. In a Tuesday conference call, it was statedr that the companieshave “admired each other’e capabilities for three “As you know, Natco builds processing and separationm products, something that Cameron outsources most of said Jack Moore, president and chief executive officee of Cameron.
He said he estimates that combining the companies will yielrd a cost savings ofabouty $30 million to $40 When the deal closes in the thirds quarter, Natco shareholders will own about 10 percent of Cameron’s 217 milliob shares outstanding. Natco has abou 2,400 employees and had revenue of morethan $650 milliomn during 2008. Simmons & Co. Internationalk served as financial adviser toCameronj (NYSE: CAM), while Barclays Capital served as financial adviserf to Natco.
Saturday, May 12, 2012
Fergie: Failure could ruin City - ESPN
awipekyhila.blogspot.com
ESPN.co.uk | Fergie: Failure could ruin City ESPN Manchester United boss Sir Alex Ferguson is relishing the prospect of meeting Manchester City head on next season, while claiming City would struggle to recover if they throw the title away. Read Dale Johnson previews what is at stake on the final day ... Sir Alex Ferguson: Premier League title failure will be unbelievable for ... Title failure could wreck Man City's future - Fergie Man City have built Arcadia from rubble of failure |
Thursday, May 10, 2012
Beige Book sees
ejyceh.wordpress.com
The report covers a perioxd from mid-April to the end of May. Demand was soft for retaikl goods and demand forservices fell. But home saled firmed up in many parts ofthe Fed’z 12th district. Inflation was and upward pressure on wages will essentiallty nil inthe district, the Fed said. Manufacturing remained at an extremelylow level, or fell, althougn conditions improved for information technology products. Home construction staye at low levels, and commercial real estatd demand continuedto drop. Loan demandc weakened and creditremained tight. The Beige Book is the Fed’s summar y of current economic conditionss for each FederalReserve district. It is publisheed eight times a year.
The 12th district, based in San covers nine western states, including Alaskw and Hawaii. The full Beige Book is .
The report covers a perioxd from mid-April to the end of May. Demand was soft for retaikl goods and demand forservices fell. But home saled firmed up in many parts ofthe Fed’z 12th district. Inflation was and upward pressure on wages will essentiallty nil inthe district, the Fed said. Manufacturing remained at an extremelylow level, or fell, althougn conditions improved for information technology products. Home construction staye at low levels, and commercial real estatd demand continuedto drop. Loan demandc weakened and creditremained tight. The Beige Book is the Fed’s summar y of current economic conditionss for each FederalReserve district. It is publisheed eight times a year.
The 12th district, based in San covers nine western states, including Alaskw and Hawaii. The full Beige Book is .
Wednesday, May 9, 2012
URA re-releases RFP for Heppenstall site in Lawrenceville - Memphis Business Journal:
gault-rickettsias.blogspot.com
The URA is re-releasing a requesr for proposals after its previouslychosej developer, Urban Villages workinvg with Botero Development decided not to go forwarde with the project. Urban Villages and Boterko were selected over oneother S&A Homes, in partnershilp with the Lawrenceville Corporation, a community nonprofit. The footballk field-sized parcel includes the site on whicyh the office building for the Heppenstall plantf once was located as well as a formerwarehouse property. In a preparedc statement, mayor Luke Ravenstahl describedthe property’as redevelopment as an important part of the city’sa larger revisioning of the Allegheny riverfront.
“Wee have begun a planning process to create a visionn for the Allegheny riverfrontr and reconnect our neighborhoods to ournatural amenities,” he "The Hatfield Street site is one of the greaft opportunities to see this vision come to life.” The URA wants a developetr “to purchase, design, develop and operatew or resell the site.” The URA’s effort comes as the Regional Industrial Development Corporation (RIDC) continues to redevelop the Heppenstall complex itself. Hatfield Streeyt is considered a dividing line betweenthe neighborhood’s residential community and its industriaol zone.
As a selling point, the URA notexs that the median home price in central Lawrencevillse has increased 64 percent in the past three a growth rate it claims is seconed highest in the city to theSoutyh Side. “We are excited with the real estate appreciationm that were seeing inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrencevill resident. “And (we’re) very excited about the prospect of a new residentia l product and how that will add fuel tothe
The URA is re-releasing a requesr for proposals after its previouslychosej developer, Urban Villages workinvg with Botero Development decided not to go forwarde with the project. Urban Villages and Boterko were selected over oneother S&A Homes, in partnershilp with the Lawrenceville Corporation, a community nonprofit. The footballk field-sized parcel includes the site on whicyh the office building for the Heppenstall plantf once was located as well as a formerwarehouse property. In a preparedc statement, mayor Luke Ravenstahl describedthe property’as redevelopment as an important part of the city’sa larger revisioning of the Allegheny riverfront.
“Wee have begun a planning process to create a visionn for the Allegheny riverfrontr and reconnect our neighborhoods to ournatural amenities,” he "The Hatfield Street site is one of the greaft opportunities to see this vision come to life.” The URA wants a developetr “to purchase, design, develop and operatew or resell the site.” The URA’s effort comes as the Regional Industrial Development Corporation (RIDC) continues to redevelop the Heppenstall complex itself. Hatfield Streeyt is considered a dividing line betweenthe neighborhood’s residential community and its industriaol zone.
As a selling point, the URA notexs that the median home price in central Lawrencevillse has increased 64 percent in the past three a growth rate it claims is seconed highest in the city to theSoutyh Side. “We are excited with the real estate appreciationm that were seeing inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrencevill resident. “And (we’re) very excited about the prospect of a new residentia l product and how that will add fuel tothe
Monday, May 7, 2012
Another drop in Colorado sales-tax revenue - Dallas Business Journal:
lebexab.wordpress.com
percent — in May from the same month the year girding legislators for what they expect will be anothee round of cuts innext year’s fiscal With the state most of the way throughn a fiscal year that ends on June 30, no more cuts are likely for this year, said Joint Budget Committe e Vice Chairman Jack Pommer, a Democratic representative from The Legislature has designated that any further funding shortfalk this year will be filled by money from the state’d undesignated reserve fund and from a one-day borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanw the six JBC members who setthe state’s budget must begin looking soon at additional ways to scal back expenses or services in next year’s fiscal plan, several members said. “I guess this means we’res not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vwe already made.” Legislators filledc a $1.4 budget shortfall over the past six months by raidin the reserve funds, transferrinfg hundreds of millions of dollars from cash-fundedd accounts and cutting abourt $300 million in services.
As revenues continude to come inbelow forecast, that talk will begijn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.3 million or 19.7 and corporate income taxex dropped by $2.2 million or 13.2 State reserves have about $148 million that can be used to offseg revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding however, that will only push the problejm of balancing the budget further off untillnext year, he “The question is: Does revenue in the futuree pick up if we’re starting to see or not?” Ferrandino said.
“We’re starting to see some indicationsa that the economy is startingto recover, if not level
percent — in May from the same month the year girding legislators for what they expect will be anothee round of cuts innext year’s fiscal With the state most of the way throughn a fiscal year that ends on June 30, no more cuts are likely for this year, said Joint Budget Committe e Vice Chairman Jack Pommer, a Democratic representative from The Legislature has designated that any further funding shortfalk this year will be filled by money from the state’d undesignated reserve fund and from a one-day borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanw the six JBC members who setthe state’s budget must begin looking soon at additional ways to scal back expenses or services in next year’s fiscal plan, several members said. “I guess this means we’res not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vwe already made.” Legislators filledc a $1.4 budget shortfall over the past six months by raidin the reserve funds, transferrinfg hundreds of millions of dollars from cash-fundedd accounts and cutting abourt $300 million in services.
As revenues continude to come inbelow forecast, that talk will begijn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.3 million or 19.7 and corporate income taxex dropped by $2.2 million or 13.2 State reserves have about $148 million that can be used to offseg revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding however, that will only push the problejm of balancing the budget further off untillnext year, he “The question is: Does revenue in the futuree pick up if we’re starting to see or not?” Ferrandino said.
“We’re starting to see some indicationsa that the economy is startingto recover, if not level
Saturday, May 5, 2012
Tax hike on overseas earnings hit - bizjournals:
titus-neither.blogspot.com
Obama said he wants to remove incentives for shiftinfg jobs overseas by reforming rules thatalloa U.S. companies to defer payinvg taxes on profits earned abroad untip that money is brought to theUnited States. Under his proposal, thesew companies could not deducty expenses, such as interest on loans, that supporg their overseas investments until they pay taxex on their foreign profitsin America. An exception woulx be for research-and-development expenses.
The presiden t also proposed making the research and development taxcredigt permanent, a longtime prioritu for the business “We will stop lettinyg American companies that create jobs overseas take deductionss on their expenses when they do not pay any American taxes on their Obama said. “And we will use the savingsd to give tax cuts to companies that are investinhg in research and development here at home so that wecan jump-startf job creation, foster innovation and enhance America’s competitiveness.
” Obamza also proposed closing foreign tax credit loopholesx and cracking down on overseaws tax havens for corporations and Businesses were most concernee about Obama’s proposed changes to tax-deferral Most countries tax business profits only whered they are earned. U.S.-based multinationals, are taxed in other countries and in theUnitedr States. The ability to defeer U.S. taxes helps level the playing field, accordinf to business groups. “When you limit you limit the abilittyof U.S. companies to you impede growth inthe U.S.
and you cause the loss of jobs both at the companies directlyg impacted and companies in theifrsupply chains,” said Marty chief economist for the . “At a time when our economy is strugglin g and thousands of jobs are being lostever month, imposing an additional tax on U.S.-based international companiesw would put them at a massive disadvantage and cost Americann jobs,” said John Engler, president and CEO of the . About 21 million Americans work for companies withoverseax operations, according to NAM.
Dean Garfield, president and CEO of the Informatio TechnologyIndustry Council, applauded Obama’s proposal to make the R&D tax credirt permanent, but said his other proposals would raise the cost of doing business for U.S. companiee with overseas operations. For more information, see www.whitehouse.gov.
Obama said he wants to remove incentives for shiftinfg jobs overseas by reforming rules thatalloa U.S. companies to defer payinvg taxes on profits earned abroad untip that money is brought to theUnited States. Under his proposal, thesew companies could not deducty expenses, such as interest on loans, that supporg their overseas investments until they pay taxex on their foreign profitsin America. An exception woulx be for research-and-development expenses.
The presiden t also proposed making the research and development taxcredigt permanent, a longtime prioritu for the business “We will stop lettinyg American companies that create jobs overseas take deductionss on their expenses when they do not pay any American taxes on their Obama said. “And we will use the savingsd to give tax cuts to companies that are investinhg in research and development here at home so that wecan jump-startf job creation, foster innovation and enhance America’s competitiveness.
” Obamza also proposed closing foreign tax credit loopholesx and cracking down on overseaws tax havens for corporations and Businesses were most concernee about Obama’s proposed changes to tax-deferral Most countries tax business profits only whered they are earned. U.S.-based multinationals, are taxed in other countries and in theUnitedr States. The ability to defeer U.S. taxes helps level the playing field, accordinf to business groups. “When you limit you limit the abilittyof U.S. companies to you impede growth inthe U.S.
and you cause the loss of jobs both at the companies directlyg impacted and companies in theifrsupply chains,” said Marty chief economist for the . “At a time when our economy is strugglin g and thousands of jobs are being lostever month, imposing an additional tax on U.S.-based international companiesw would put them at a massive disadvantage and cost Americann jobs,” said John Engler, president and CEO of the . About 21 million Americans work for companies withoverseax operations, according to NAM.
Dean Garfield, president and CEO of the Informatio TechnologyIndustry Council, applauded Obama’s proposal to make the R&D tax credirt permanent, but said his other proposals would raise the cost of doing business for U.S. companiee with overseas operations. For more information, see www.whitehouse.gov.
Friday, May 4, 2012
Take Aim lends hand in launching `Man on Moon' - Washington Business Journal:
ihituvofy.wordpress.com
"They asked us to find footage from Andy'se concert at Carnegie Hall where he had onstage cowgirls dressedin papier-mâché," explainecd Todd Hochkeppel, a producer at Take Aim. The researchg arm of the firm spent a couple days searching forthe footage, and Universal paid about $2,000 for their services, said Amy CEO and founder of Take Aim. The researcnh division -- which has worked on other featurwe films suchas "Forrest Gump," and "Contact" -- accounts for nearly 10 percent of the firm's revenue.
Hochkeppel said Hollywood studios call on Take Aim when they are recreatingg historical events so that they haveappropriatse props, location and set In 1999, DeLouise said her firm posted revenue of less than $1 The Washington Post invested $11 million in a company will create six Web sites for Post-owned television stations. The investmeny -- announced in mid-December -- will give broadcast subsidiaryy Post-Newsweek Stations an 11 percent stake in InterneBroadcasting Systems. The television station Web sitees also will join an IBS network of more than40 U.S.
penetrating nearly 35 percent of American Other media companies such as Gannett and Cox Communicationsz have made similar investmentsin Web-oriented businesses. The recenyt acquisition of a Belgian videpo and telecom firm could boosg revenue for the nonmilitary subsidiaryof Vienna-basede Allied Research. The division, VSK makes and installs security systems for hospitals and commercial businesses in Belgium andacross Europe.
Allied Research President and CEO Glenn Yarboroug h said his companypaid $950,000 in cash for which posted revenue of roughly $4 "The thing I liked about them is they used Sony and Panasonivc closed-circuit television," Yarborough "They have their own design and it enhancexs our business." Allied Research expectsa to report in February a 1999 loss of abouf $60 million. Columbia Pictures got some help promotinv its newmouse movie, "Stuart Little," from Vienna-baser Newspaper Association of The organization agreed to revive a literacy ad campaign that ended in April.
The one-time ad features the movie' s title character in a quarter-page, black-and-white format. The public service ad is availableto NAA's members. Karen Sortito of Columbia Pictures caller the arrangement a natural fit because ofthe mouse's history as a literaryg character. PanAmSat will provide National Public Radio with satellite services into thenext decade, thanks to a 10-year, multimilliob contract with NPR. This follows the Congress-approved appropriation last May for the purposr of securing new satellite services for public NPR announcedin mid-December it woulsd lease three C-band transporters on PanAmSat'as Galaxy satellite, which is scheduled to launchu by June.
McLean-based Stackig earned a Best in Industrg from the Web Marketing Associatioh for the Web site it designed for WashingtonHospital Center. ... Washington Post-owned Newsweek magazine named Michael Heneberrgy directorof marketing. Heneberry, a former senior marketer at Time's Money Magazine, succeeds Paul Kelly, who resignerd in April. ... Silver Spring-based Prospecgt Associates received the Crystal Awardx of excellence in the 1999 Communicatof AwardsAudio competition. Matthew Swibel can be reachex at (703) 312-8344 or by fax (703) 875-2231. mswibel@amcity.
com
"They asked us to find footage from Andy'se concert at Carnegie Hall where he had onstage cowgirls dressedin papier-mâché," explainecd Todd Hochkeppel, a producer at Take Aim. The researchg arm of the firm spent a couple days searching forthe footage, and Universal paid about $2,000 for their services, said Amy CEO and founder of Take Aim. The researcnh division -- which has worked on other featurwe films suchas "Forrest Gump," and "Contact" -- accounts for nearly 10 percent of the firm's revenue.
Hochkeppel said Hollywood studios call on Take Aim when they are recreatingg historical events so that they haveappropriatse props, location and set In 1999, DeLouise said her firm posted revenue of less than $1 The Washington Post invested $11 million in a company will create six Web sites for Post-owned television stations. The investmeny -- announced in mid-December -- will give broadcast subsidiaryy Post-Newsweek Stations an 11 percent stake in InterneBroadcasting Systems. The television station Web sitees also will join an IBS network of more than40 U.S.
penetrating nearly 35 percent of American Other media companies such as Gannett and Cox Communicationsz have made similar investmentsin Web-oriented businesses. The recenyt acquisition of a Belgian videpo and telecom firm could boosg revenue for the nonmilitary subsidiaryof Vienna-basede Allied Research. The division, VSK makes and installs security systems for hospitals and commercial businesses in Belgium andacross Europe.
Allied Research President and CEO Glenn Yarboroug h said his companypaid $950,000 in cash for which posted revenue of roughly $4 "The thing I liked about them is they used Sony and Panasonivc closed-circuit television," Yarborough "They have their own design and it enhancexs our business." Allied Research expectsa to report in February a 1999 loss of abouf $60 million. Columbia Pictures got some help promotinv its newmouse movie, "Stuart Little," from Vienna-baser Newspaper Association of The organization agreed to revive a literacy ad campaign that ended in April.
The one-time ad features the movie' s title character in a quarter-page, black-and-white format. The public service ad is availableto NAA's members. Karen Sortito of Columbia Pictures caller the arrangement a natural fit because ofthe mouse's history as a literaryg character. PanAmSat will provide National Public Radio with satellite services into thenext decade, thanks to a 10-year, multimilliob contract with NPR. This follows the Congress-approved appropriation last May for the purposr of securing new satellite services for public NPR announcedin mid-December it woulsd lease three C-band transporters on PanAmSat'as Galaxy satellite, which is scheduled to launchu by June.
McLean-based Stackig earned a Best in Industrg from the Web Marketing Associatioh for the Web site it designed for WashingtonHospital Center. ... Washington Post-owned Newsweek magazine named Michael Heneberrgy directorof marketing. Heneberry, a former senior marketer at Time's Money Magazine, succeeds Paul Kelly, who resignerd in April. ... Silver Spring-based Prospecgt Associates received the Crystal Awardx of excellence in the 1999 Communicatof AwardsAudio competition. Matthew Swibel can be reachex at (703) 312-8344 or by fax (703) 875-2231. mswibel@amcity.
com
Wednesday, May 2, 2012
Eye size determined by maximum running speed in mammals - Phys.Org
tiqosi.wordpress.com
Eye size determined by maximum running speed in mammals Phys.Org Species with larger eyes usually have higher visual acuity, says Chris Kirk, associate professor in the Department of Anthropology. But what are the ecological factors that cause some mammals to develop larger eyes than others? |
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