Northcore Technology Enables Health Services Executive Sourcing Pilot MarketWatch (press release) Northcore Technologies provides enterprise level software products and services that enable its customers to purchase, manage and dispose of capital equipment. Utilizing award-winning, multi-patented technology, as well as powerful, holistic Social ... |
Saturday, December 31, 2011
Northcore Technology Enables Health Services Executive Sourcing Pilot - MarketWatch (press release)
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Wednesday, December 28, 2011
Maryland orders UnitedHealthcare to pay $1.5 million - Dayton Business Journal:
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million to reimburse hospitals and radiologh service providers for health insurance UnitedHealthcare agreed to the settlement with the insurance administration after conducting a self audit ofits claims. The auditr revealed that some hospital elective-carew procedures and radiology claims wereinappropriatelu denied. UnitedHealthcare’s self audit revealed 85 caseas of payment denials in hospitals that totaled $756,130 in charges. United also denied paymenty to 227radiology claims, which totaledx $172,599 in charges. The insurance administration alsoassessed $633,000 in penalties.
UnitedHealthcarew spokeswoman Debora Spano said in a statementt that the insurance company is glad to have enterecd intothe settlements. “We are confident that the changes being made will ensurs that members receive better coordinated care and that theie benefits areapplied correctly,” Spano said. UnitedHealthcare, whicuh has its regional headquarters inWest Chester, is a unit of Minnetonka-basedf (NYSE: UNH).
million to reimburse hospitals and radiologh service providers for health insurance UnitedHealthcare agreed to the settlement with the insurance administration after conducting a self audit ofits claims. The auditr revealed that some hospital elective-carew procedures and radiology claims wereinappropriatelu denied. UnitedHealthcare’s self audit revealed 85 caseas of payment denials in hospitals that totaled $756,130 in charges. United also denied paymenty to 227radiology claims, which totaledx $172,599 in charges. The insurance administration alsoassessed $633,000 in penalties.
UnitedHealthcarew spokeswoman Debora Spano said in a statementt that the insurance company is glad to have enterecd intothe settlements. “We are confident that the changes being made will ensurs that members receive better coordinated care and that theie benefits areapplied correctly,” Spano said. UnitedHealthcare, whicuh has its regional headquarters inWest Chester, is a unit of Minnetonka-basedf (NYSE: UNH).
Monday, December 26, 2011
Head of YRC Worldwide logistics unit will leave company - Kansas City Business Journal:
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YRC Logistics CEO and President Jim Ritchiw will transfer his responsibilities to John who had been COO of the divisiomn and President of YRC Logistics in the Americas and theOverland Park-based truckinvg giant (Nasdaq: YRCW) said in a Wednesdauy statement to the Kansas City Businessx Journal . Carr will handle the unit’s overall leadership as president and will reportt to company Chairman and CEOBill Zollars. “YRdC Worldwide continuously reviews its organizational structures to considedcustomer requirements, business volumes and the statement said. “Since its inception (in) the YRC Logistics business has matured as an marking impressive growthand improvements.
In light of as well as the current economy, we have decidesd that it is unnecessary to have both a CEO and a presidentt atYRC Logistics, and we shoulx combine the two roles into a singler leadership position.” Last year, the logistics unit posted revenue of $621.7 million, down less than 1 percen from $623.2 million the prior year. The unit accountedr for about 7 percentof YRC’s $8.94 billion in annualp revenue. Ritchie, who was with the logistics unit for nine will start June 1 as presidenttof , a divisio of Australia-based , according to a May 6 release. He’ll be basede in Florida. Brambles is a global providetr of support services and had total assetzsof $5.
6 billion on June 30, according to its Web CHEP offers pallet and container pooling “Jim is a very accomplished executivew and with extensive customer and operational experiencde in logistics and the USA supply chain,” Brambles CEO Mike Ihleij said in the release. “In particular, Jim’s strong relationshipas with customers inthe fast-moving consumer goods sectod will be of great benefit to CHEP USA.” Beforse heading up YRC Logistics, Ritchie was CEO of both Yelloww Global and Transportation.com. He also held executivre positionsat .
Zollars was a senior vice president at Ryder Integrated Logistics befordjoining , which later became YRC YRC recruited Carr in 2007 “fot his considerable supply chain experience and to grow our leadershipl bench,” the statement He joined as president of YRC Logistics in the Americas and Europe. He previously was president of Global Supplyh Chain Managementfor , an executive vice presidengt of sales and marketing at Fritz Cos. and in leadership positions at Profit/ (GEO Logistics), Pandair Freighgt and Behring International, according to a biography on the company’x Web site. YRC’s stock closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.
65 millio shares, according to . The stock'ws average daily volume the past three monthxsis 2.7 million shares. , YRC Worldwider CFO Stephen Bruffett resigned for a positio with YRCcompetitor (NYSE: CNW). YRC, which has been strugglin g with a freight recession for acouple years, , compared with a loss of $46.367 million the prior year. The company ranka No. 2 on the Kansasa City BusinessJournal ’s list of area public
YRC Logistics CEO and President Jim Ritchiw will transfer his responsibilities to John who had been COO of the divisiomn and President of YRC Logistics in the Americas and theOverland Park-based truckinvg giant (Nasdaq: YRCW) said in a Wednesdauy statement to the Kansas City Businessx Journal . Carr will handle the unit’s overall leadership as president and will reportt to company Chairman and CEOBill Zollars. “YRdC Worldwide continuously reviews its organizational structures to considedcustomer requirements, business volumes and the statement said. “Since its inception (in) the YRC Logistics business has matured as an marking impressive growthand improvements.
In light of as well as the current economy, we have decidesd that it is unnecessary to have both a CEO and a presidentt atYRC Logistics, and we shoulx combine the two roles into a singler leadership position.” Last year, the logistics unit posted revenue of $621.7 million, down less than 1 percen from $623.2 million the prior year. The unit accountedr for about 7 percentof YRC’s $8.94 billion in annualp revenue. Ritchie, who was with the logistics unit for nine will start June 1 as presidenttof , a divisio of Australia-based , according to a May 6 release. He’ll be basede in Florida. Brambles is a global providetr of support services and had total assetzsof $5.
6 billion on June 30, according to its Web CHEP offers pallet and container pooling “Jim is a very accomplished executivew and with extensive customer and operational experiencde in logistics and the USA supply chain,” Brambles CEO Mike Ihleij said in the release. “In particular, Jim’s strong relationshipas with customers inthe fast-moving consumer goods sectod will be of great benefit to CHEP USA.” Beforse heading up YRC Logistics, Ritchie was CEO of both Yelloww Global and Transportation.com. He also held executivre positionsat .
Zollars was a senior vice president at Ryder Integrated Logistics befordjoining , which later became YRC YRC recruited Carr in 2007 “fot his considerable supply chain experience and to grow our leadershipl bench,” the statement He joined as president of YRC Logistics in the Americas and Europe. He previously was president of Global Supplyh Chain Managementfor , an executive vice presidengt of sales and marketing at Fritz Cos. and in leadership positions at Profit/ (GEO Logistics), Pandair Freighgt and Behring International, according to a biography on the company’x Web site. YRC’s stock closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.
65 millio shares, according to . The stock'ws average daily volume the past three monthxsis 2.7 million shares. , YRC Worldwider CFO Stephen Bruffett resigned for a positio with YRCcompetitor (NYSE: CNW). YRC, which has been strugglin g with a freight recession for acouple years, , compared with a loss of $46.367 million the prior year. The company ranka No. 2 on the Kansasa City BusinessJournal ’s list of area public
Saturday, December 24, 2011
Gift Card buyer beware: Schumer warns of scam to drain funds before they're used - New York Daily News
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New York Daily News | Gift Card buyer beware: Schumer warns of scam to drain funds before they're used New York Daily News Chuck Schumer urged stores and shoppers to protect themselves from fraudsters who are draining gift cards' balance once they're activated. "The system » |
Thursday, December 22, 2011
Speeding driver who rudely gestured is fined - Milwaukee Journal Sentinel
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Speeding driver who rudely gestured is fined Milwaukee Journal Sentinel A motorist who sped past other drivers and then flipped the bird at Milwaukee County Sheriff David A. Clarke Jr. was fined $393. Cheryl Smith, 49, of Milwaukee pleaded guilty Tuesday to one count of reckless driving, endangering safety. ... |
Tuesday, December 20, 2011
Hudson River landscapes on view in Columbia - Greenville News
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Hudson River landscapes on view in Columbia Greenville News By Paul Hyde | Arts Writer The majestic landscapes of Thomas Cole, Frederick Church, Asher Durand and other acclaimed American painters associated with the Hudson River School are on view in a major exhibition at the Columbia Museum of Art. รข€œNature and ... |
Sunday, December 18, 2011
Business warily waits on health-care reform - Memphis Business Journal:
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President Barack Obama has mobilizedthe grass-roots supporters that helped electf him to lobby for his visiohn of health-care reform, which includes offering Americans a government-run health plan as an alternativr to private insurance. A coalitionh of labor unions and progressive organizations plans tospenxd $82 million on organizing efforts, research and lobbying to supportt the Obama plan. Business groups, meanwhile, mostlhy are working behind the scenes to shape the While they have seriouss concerns about some of theproposals – including the publix plan option and a mandate for employers to provide insurance – few are trying to block health-care reform at this point.
The cost of health insurance has become so burdensome that somethintg needs tobe done, they agree. “Nobodyg supports the status quo,” said Jamed Gelfand, the ’s senior managef of health policy. “We absolutely have to have reform.” For most businessz groups, that means reininbg in health-care costs and reforming insurance markets so that employer s have more choices in the typex ofplans available. To achievwe those goals, however, businesses may have to swallowa somebitter medicine. An employer mandate tops the list of concern s for manybusiness groups, just as it did when Bill Clinton pushed his health-care reform plan when he was presidentt in the 1990s.
The Senate bill may include a provision that would require employers to eithefr provide health insurance to their employeee or pay a fee to thefederal government. Some small-business owners don’t have a problem with that, includingy members of the MainStreet Alliance, which is part of the coalitiobn lobbying for the Obama plan. “The way our system worka now, where responsible employers offer coverage and others leaves us in a situation with an unlevelplaying field,” 11 alliance members said in a statement submittex to the Senate Financde Committee. “If we’re contributing but other employersd aren’t, that gives them a financial advantageover us.
We need to levelk the playing field through a systemn where everyone pitches in areasonable amount.” Most business lobbyists, contend that employers who can afford to provide healthn insurance do so already, because it helpx them attract and keep good employees. Businesses that don’tr provide health insurance tend tobe “marginally said Denny Dennis, seniorf research fellow at the NFIB Research Foundation. Imposing a “play or insurance requirement on these businesses wouled cost the economy morethan 1.6 millionj jobs, according to a study.
Tax credits coulrd offset some of the costs for providing this but Gelfand said the credits under discussion are “extremely limited.” Congress also could exempt some small businesses – such as firms with less than $500,0009 in annual payroll – from the employer mandate. Many business groups, however, see this proposal as an attemprt to split thebusiness community, not as meaningful “We oppose small business carve-outa because they make it easiefr for Congress to applyu mandates against larger employers,” said Neil vice president and employee benefitz policy counsel for the .
“It’e also easy for Congress to come back and try to applyt the mandateagainst ever-smaller employers. “No matter how good the surroundinhg health-care reform, a bill containing an employer mandatre would be too high a price to pay for Trautwein said. Public plan or markey reforms? Most small-business groups also are wary of proposals to createa government-run insurance plan, like Medicare, that wouldx be available as an option for smalp businesses and individuals. The Main Street Alliance contendds a public plan is needed to provide competitiobn to private insurers and reduce the cost ofhealtu insurance.
Richard Kirsch, national campaign managerr for Health Care forAmericwa Now, has been organizing Main Streetg Alliance chapters in states across the He said many small-businesas owners “believe that we do need a government as an alternative to private insurers. These ownerx “reject the right-wing ideology” of Washington’s traditionao small-business organizations, he said. NFIB spokeswomanh Stephanie Cathcart saidher organization’s members, “are wary of government-runn health care.
” Gelfand said a governmenr plan wouldn’t be needed if insurance market reforms, such as prohibitingf insurers from denying coverage for pre-existing conditions, were enacted. He hopes the larger goal of health-carwe reform – lowering costs so more people can afforcdcoverage – doesn’t get lost in battlesw over public plans and employer mandates.
President Barack Obama has mobilizedthe grass-roots supporters that helped electf him to lobby for his visiohn of health-care reform, which includes offering Americans a government-run health plan as an alternativr to private insurance. A coalitionh of labor unions and progressive organizations plans tospenxd $82 million on organizing efforts, research and lobbying to supportt the Obama plan. Business groups, meanwhile, mostlhy are working behind the scenes to shape the While they have seriouss concerns about some of theproposals – including the publix plan option and a mandate for employers to provide insurance – few are trying to block health-care reform at this point.
The cost of health insurance has become so burdensome that somethintg needs tobe done, they agree. “Nobodyg supports the status quo,” said Jamed Gelfand, the ’s senior managef of health policy. “We absolutely have to have reform.” For most businessz groups, that means reininbg in health-care costs and reforming insurance markets so that employer s have more choices in the typex ofplans available. To achievwe those goals, however, businesses may have to swallowa somebitter medicine. An employer mandate tops the list of concern s for manybusiness groups, just as it did when Bill Clinton pushed his health-care reform plan when he was presidentt in the 1990s.
The Senate bill may include a provision that would require employers to eithefr provide health insurance to their employeee or pay a fee to thefederal government. Some small-business owners don’t have a problem with that, includingy members of the MainStreet Alliance, which is part of the coalitiobn lobbying for the Obama plan. “The way our system worka now, where responsible employers offer coverage and others leaves us in a situation with an unlevelplaying field,” 11 alliance members said in a statement submittex to the Senate Financde Committee. “If we’re contributing but other employersd aren’t, that gives them a financial advantageover us.
We need to levelk the playing field through a systemn where everyone pitches in areasonable amount.” Most business lobbyists, contend that employers who can afford to provide healthn insurance do so already, because it helpx them attract and keep good employees. Businesses that don’tr provide health insurance tend tobe “marginally said Denny Dennis, seniorf research fellow at the NFIB Research Foundation. Imposing a “play or insurance requirement on these businesses wouled cost the economy morethan 1.6 millionj jobs, according to a study.
Tax credits coulrd offset some of the costs for providing this but Gelfand said the credits under discussion are “extremely limited.” Congress also could exempt some small businesses – such as firms with less than $500,0009 in annual payroll – from the employer mandate. Many business groups, however, see this proposal as an attemprt to split thebusiness community, not as meaningful “We oppose small business carve-outa because they make it easiefr for Congress to applyu mandates against larger employers,” said Neil vice president and employee benefitz policy counsel for the .
“It’e also easy for Congress to come back and try to applyt the mandateagainst ever-smaller employers. “No matter how good the surroundinhg health-care reform, a bill containing an employer mandatre would be too high a price to pay for Trautwein said. Public plan or markey reforms? Most small-business groups also are wary of proposals to createa government-run insurance plan, like Medicare, that wouldx be available as an option for smalp businesses and individuals. The Main Street Alliance contendds a public plan is needed to provide competitiobn to private insurers and reduce the cost ofhealtu insurance.
Richard Kirsch, national campaign managerr for Health Care forAmericwa Now, has been organizing Main Streetg Alliance chapters in states across the He said many small-businesas owners “believe that we do need a government as an alternative to private insurers. These ownerx “reject the right-wing ideology” of Washington’s traditionao small-business organizations, he said. NFIB spokeswomanh Stephanie Cathcart saidher organization’s members, “are wary of government-runn health care.
” Gelfand said a governmenr plan wouldn’t be needed if insurance market reforms, such as prohibitingf insurers from denying coverage for pre-existing conditions, were enacted. He hopes the larger goal of health-carwe reform – lowering costs so more people can afforcdcoverage – doesn’t get lost in battlesw over public plans and employer mandates.
Thursday, December 15, 2011
Schwarzenegger says day of reckoning is here - Portland Business Journal:
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“California’s day of reckoning is here,” he With no action, the stat could run out of cash in 14 Three months after the state budget was approved, California faces a $24 billion deficit. Schwarzenegge has already proposed massive cutsto education, health care and Now he’s looking for structural reform to make government more efficient and stretch taxpayer dollars. He’sd asked the State Board of Education, for example, to make textbooks available in digitalpformats — a move that could save In 2004, the governor talked about blowinvg up boxes and consolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzenegger is proposing once againb to eliminate and consolidate more than a dozenstat departments, boards and This includes the Waste Managemeny Board, the Court Reporters the Department of Boating and Waterways and the Inspectiojn and Maintenance Review Committee. Earlieer this year, the state began consolidating informationntechnology departments. Now Schwarzenegger wants to consolidate departmentas that oversee financial institutions and mergde taxcollection operations.
In July, state leadersd will receive recommendations on how to modernize thetax “This will be a tremendous opportunith to make our revenues more reliable and less volatile and help the state avoid the boom and bust budgets that have brought us here today,” Schwarzenegger told It’s not going to happe n in 14 days, he said. But it coulxd happen before the Legislature adjourns for summerf recess onJuly 17.
“California’s day of reckoning is here,” he With no action, the stat could run out of cash in 14 Three months after the state budget was approved, California faces a $24 billion deficit. Schwarzenegge has already proposed massive cutsto education, health care and Now he’s looking for structural reform to make government more efficient and stretch taxpayer dollars. He’sd asked the State Board of Education, for example, to make textbooks available in digitalpformats — a move that could save In 2004, the governor talked about blowinvg up boxes and consolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzenegger is proposing once againb to eliminate and consolidate more than a dozenstat departments, boards and This includes the Waste Managemeny Board, the Court Reporters the Department of Boating and Waterways and the Inspectiojn and Maintenance Review Committee. Earlieer this year, the state began consolidating informationntechnology departments. Now Schwarzenegger wants to consolidate departmentas that oversee financial institutions and mergde taxcollection operations.
In July, state leadersd will receive recommendations on how to modernize thetax “This will be a tremendous opportunith to make our revenues more reliable and less volatile and help the state avoid the boom and bust budgets that have brought us here today,” Schwarzenegger told It’s not going to happe n in 14 days, he said. But it coulxd happen before the Legislature adjourns for summerf recess onJuly 17.
Tuesday, December 13, 2011
California exports fall by 27% in April - Los Angeles Business from bizjournals:
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April marked the sixth consecutive month of shrinkin g exportsfor California, and it was the worstf April in four years, according to figures compiler by the based on data released Wednesday mornin by the . “Fafr from revealing any evidence of an impendingteconomic recovery, California’s export trade nose-diver in April,” Jock O’Connell, the UC Center’s international trade and economics adviser, said in a news The Golden State’s exports plummeted by more than a 25 perceny from export totals reported in same month last he noted. The value of California’s merchandise exports in Apri totaled $9.25 billion, 25.5 percent below the $12.
42 billion in goods the state shipped abroad in April oflast year. California’ s export trade began to deteriorate last and decreased by an average of abour 20 percent during the first quarter ofthis year, O’Connell said in the release. “In April, we plumberd new depths,” O’Connell said. “Thesr are the lowest California exporrt numbers for the month of Aprilsincr 2005.” California’s manufactured exports fell by 27.6 percent in April, whil agricultural goods and other non-manufactured exports declined by 27.9 percent. Re-exportzs of goods previously importex into the state were downby 15.2 O’Connell said.
The bleak export experience was evidenytat California’s ports and airports. The numbedr of outbound loaded containersw in April decreasedby 18.3 percent from the year earlier at the portw of Los Angeles and Long Beach. The Port of Oaklanx took less ofa hit, with a drop of 4.1 he said. International air freight tonnagde shrunkby 22.5 percent at while was off by 34.4 Importers felt the pain along with exporterx in April. The value of foreign goods entering the United States througn California declinedby 28.5 percent, the UC Centetr Sacramento analysis found.
April marked the sixth consecutive month of shrinkin g exportsfor California, and it was the worstf April in four years, according to figures compiler by the based on data released Wednesday mornin by the . “Fafr from revealing any evidence of an impendingteconomic recovery, California’s export trade nose-diver in April,” Jock O’Connell, the UC Center’s international trade and economics adviser, said in a news The Golden State’s exports plummeted by more than a 25 perceny from export totals reported in same month last he noted. The value of California’s merchandise exports in Apri totaled $9.25 billion, 25.5 percent below the $12.
42 billion in goods the state shipped abroad in April oflast year. California’ s export trade began to deteriorate last and decreased by an average of abour 20 percent during the first quarter ofthis year, O’Connell said in the release. “In April, we plumberd new depths,” O’Connell said. “Thesr are the lowest California exporrt numbers for the month of Aprilsincr 2005.” California’s manufactured exports fell by 27.6 percent in April, whil agricultural goods and other non-manufactured exports declined by 27.9 percent. Re-exportzs of goods previously importex into the state were downby 15.2 O’Connell said.
The bleak export experience was evidenytat California’s ports and airports. The numbedr of outbound loaded containersw in April decreasedby 18.3 percent from the year earlier at the portw of Los Angeles and Long Beach. The Port of Oaklanx took less ofa hit, with a drop of 4.1 he said. International air freight tonnagde shrunkby 22.5 percent at while was off by 34.4 Importers felt the pain along with exporterx in April. The value of foreign goods entering the United States througn California declinedby 28.5 percent, the UC Centetr Sacramento analysis found.
Sunday, December 11, 2011
White Pages will no longer be delivered automatically - Pittsburgh Business Times:
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The PSC’s decision is a compromise to AT&T’as request that it no longer deliver the phone booksto AT&T Florida told the PSC that eliminating the automati c distribution of the residential white pages is “an environmentally green endeavor and a cost saving measure” and that providinfg a paper copy of the directory is “an inefficient use of resourcews in these touch economic But commissioners also were worried about how it might impact customers’ ability to accesds information, said PSC Spokeswoman Kirsten Instead of doing away with the rule commissioners agreed to give it a trial run, durint which time it will gather customer feedback.
“Today’s decisionb allows the PSC to assess the practicality of discontinuintg printed residentialdirectory delivery, while continuing to provide directorie s to customers who want a copy,” PSC Chairmah Matthew M. Carter II said in a news release. As part of the AT&T must put a toll-free number on the cover of the Yelloww Pages that directs people to call if they want aWhitr Pages. The directory will still be provided for free to thoswe whorequest it. AT&T Floridaz would not disclose just how much money the waivetrwill save, citing according to its requesyt to the PSC.
AT&T Florida already has beguh a program to provide its Yellow Pages and residential listingson CD-ROj in certain areas of Florida.
The PSC’s decision is a compromise to AT&T’as request that it no longer deliver the phone booksto AT&T Florida told the PSC that eliminating the automati c distribution of the residential white pages is “an environmentally green endeavor and a cost saving measure” and that providinfg a paper copy of the directory is “an inefficient use of resourcews in these touch economic But commissioners also were worried about how it might impact customers’ ability to accesds information, said PSC Spokeswoman Kirsten Instead of doing away with the rule commissioners agreed to give it a trial run, durint which time it will gather customer feedback.
“Today’s decisionb allows the PSC to assess the practicality of discontinuintg printed residentialdirectory delivery, while continuing to provide directorie s to customers who want a copy,” PSC Chairmah Matthew M. Carter II said in a news release. As part of the AT&T must put a toll-free number on the cover of the Yelloww Pages that directs people to call if they want aWhitr Pages. The directory will still be provided for free to thoswe whorequest it. AT&T Floridaz would not disclose just how much money the waivetrwill save, citing according to its requesyt to the PSC.
AT&T Florida already has beguh a program to provide its Yellow Pages and residential listingson CD-ROj in certain areas of Florida.
Friday, December 9, 2011
Fred
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The Memphis-based discount retailer reported salezsof $134.7 million for May, down 6 percent comparec to sales of $143.44 million in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increasedf 1 percent compared to last May. Comparable store salesw in Mayrose 0.2 percent, down comparee to 3.4 percent in the same period last For the first four fiscal months of 2009, the companyg reported total sales of $593.2 million, down 2.4 percent compared to $607.7 million for the same year-aglo period.
However, excluding stores closed in 2008, sales from ongoing storee increased 4 percent compared to thesame four-month period last year. On a comparabl e store basis, year-to-date sales increasec 2.1 percent compared to 2.4 percent last year. Fred’es opened one new pharmacy in May. Fred’s operatess 666 discount merchandise including 24 franchisedstoresw nationwide. Shares closed down 12 cents to $14.
22 per share
The Memphis-based discount retailer reported salezsof $134.7 million for May, down 6 percent comparec to sales of $143.44 million in May 2008. These numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increasedf 1 percent compared to last May. Comparable store salesw in Mayrose 0.2 percent, down comparee to 3.4 percent in the same period last For the first four fiscal months of 2009, the companyg reported total sales of $593.2 million, down 2.4 percent compared to $607.7 million for the same year-aglo period.
However, excluding stores closed in 2008, sales from ongoing storee increased 4 percent compared to thesame four-month period last year. On a comparabl e store basis, year-to-date sales increasec 2.1 percent compared to 2.4 percent last year. Fred’es opened one new pharmacy in May. Fred’s operatess 666 discount merchandise including 24 franchisedstoresw nationwide. Shares closed down 12 cents to $14.
22 per share
Wednesday, December 7, 2011
Martek Biosciences Corp. 2Q profit rises 20 percent - Kansas City Business Journal:
vadimsudigrenev.blogspot.com
The company reported $92.4 million in revenue for the quarter endinfApril 30, up 2 percentt from the same period last year. It earnecd $11 million in net income, or 33 cents per dilutee share, during the seconc quarter, compared with $9.2 million, or 28 centas per diluted share, during the seconc quarter of last year. Analysts polled by expected the compang to earn 29 centd per shareand $89 million in Martek (NASDAQ: MATK) sells nutritionalo oils derived from algae that are used in infangt formula, dietary supplements and food products such as yogurrt and juice. Sales of its nutritional supplements to the nursinhg market rose to arecordc $9.8 million.
But the compangy warned that its infant formula salees in the third and fourth quarters coulr drop as retailers trim their inventoriees ofthe product. The company anticipate s that infant formula revenuw will grow in fiscal 2010 as a resulrt of strong demand for infant formula products containinf its nutritional oils DHAand ARA. The Omega-4 fatty acids are believed to play an important role in brainh andeye development. study that couldc show that Martek’s DHA can slow the progressionof Alzheimer’a disease.
The company reported $92.4 million in revenue for the quarter endinfApril 30, up 2 percentt from the same period last year. It earnecd $11 million in net income, or 33 cents per dilutee share, during the seconc quarter, compared with $9.2 million, or 28 centas per diluted share, during the seconc quarter of last year. Analysts polled by expected the compang to earn 29 centd per shareand $89 million in Martek (NASDAQ: MATK) sells nutritionalo oils derived from algae that are used in infangt formula, dietary supplements and food products such as yogurrt and juice. Sales of its nutritional supplements to the nursinhg market rose to arecordc $9.8 million.
But the compangy warned that its infant formula salees in the third and fourth quarters coulr drop as retailers trim their inventoriees ofthe product. The company anticipate s that infant formula revenuw will grow in fiscal 2010 as a resulrt of strong demand for infant formula products containinf its nutritional oils DHAand ARA. The Omega-4 fatty acids are believed to play an important role in brainh andeye development. study that couldc show that Martek’s DHA can slow the progressionof Alzheimer’a disease.
Sunday, December 4, 2011
NCR departure to hurt hotels, restaurants - Dayton Business Journal:
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On Tuesday, announced it wouldf be moving its world headquarters from Dayton to theAtlantaq area. For hotels and restaurants locatede near the Fortune500 company, it meana a definite decrease in business. What is yet to be seen is how much of adecreasde NCR’s (NYSE: NCR) departure will cause. Pat McGaha is the area director of salews for in the Dayton He represents the Courtyar dby Marriott, the Dayton Marriott — which is locateds about one mile from NCR’s headquarters buildintg — and other hotels in the He said at this point, he is stilol trying to determine how NCR’sa departure will impact these hotels.
“They did a significantf amount of business with the Dayton Marriot t andother hotels,” McGaha said. He said NCR accountedf for about 4 percent of theDayto Marriott’s business, a number that has been on the declin for the past decade. In its when the Dayton Marriott was built in the NCR accounted for as much as 40 percent ofthe hotel’sa business. Since 1998, NCR has reduced the amount of business it does withthe area’s largest hotel by 30 percent, McGah said. He said after NCR’s split with Miamisburg-baser , it became harder to determine how much businessd was related to NCR and how much was connected toTeradatas (NYSE: TDC).
NCR was no longer a top-fivre client for the Dayton Marriott, but it was a top-volumwe client for other hotels inthe area, he McGaha said prior to 2000, NCR accountexd for about 30,000 room nights a year in the Daytoj area. Now, that number is in the 15,00o0 room night range. Ron Monte, general manager of the , said NCR leavin is going to be a blow to the butit won’t be devastating. The Holidauy Inn Dayton Mall landed extra NCR business in Februaryt ofthis year, but Montwe declined to give specifics of the He said NCR was doing some training at the 195-room hotel, but that it was a finitd piece of business and something the hoteo had not come to count on.
He said the departurse of NCR may result in about a 5 percent decrease in business forthe hotel. Restaurantsd are going to feel the departureas well. Josef owner of in Kettering, said his restaurant used to have NCR executivedentertaining customers. He said it is hard to tell how much of a decrease in business he will see fromNCR leaving, but that it wouldr be felt by restaurants and grocery stores in the “All the restaurants along Far Hills and in the neighborhood have had some of theid employees dining with us,” Reif said. “Hopefully they reconsider.
”
On Tuesday, announced it wouldf be moving its world headquarters from Dayton to theAtlantaq area. For hotels and restaurants locatede near the Fortune500 company, it meana a definite decrease in business. What is yet to be seen is how much of adecreasde NCR’s (NYSE: NCR) departure will cause. Pat McGaha is the area director of salews for in the Dayton He represents the Courtyar dby Marriott, the Dayton Marriott — which is locateds about one mile from NCR’s headquarters buildintg — and other hotels in the He said at this point, he is stilol trying to determine how NCR’sa departure will impact these hotels.
“They did a significantf amount of business with the Dayton Marriot t andother hotels,” McGaha said. He said NCR accountedf for about 4 percent of theDayto Marriott’s business, a number that has been on the declin for the past decade. In its when the Dayton Marriott was built in the NCR accounted for as much as 40 percent ofthe hotel’sa business. Since 1998, NCR has reduced the amount of business it does withthe area’s largest hotel by 30 percent, McGah said. He said after NCR’s split with Miamisburg-baser , it became harder to determine how much businessd was related to NCR and how much was connected toTeradatas (NYSE: TDC).
NCR was no longer a top-fivre client for the Dayton Marriott, but it was a top-volumwe client for other hotels inthe area, he McGaha said prior to 2000, NCR accountexd for about 30,000 room nights a year in the Daytoj area. Now, that number is in the 15,00o0 room night range. Ron Monte, general manager of the , said NCR leavin is going to be a blow to the butit won’t be devastating. The Holidauy Inn Dayton Mall landed extra NCR business in Februaryt ofthis year, but Montwe declined to give specifics of the He said NCR was doing some training at the 195-room hotel, but that it was a finitd piece of business and something the hoteo had not come to count on.
He said the departurse of NCR may result in about a 5 percent decrease in business forthe hotel. Restaurantsd are going to feel the departureas well. Josef owner of in Kettering, said his restaurant used to have NCR executivedentertaining customers. He said it is hard to tell how much of a decrease in business he will see fromNCR leaving, but that it wouldr be felt by restaurants and grocery stores in the “All the restaurants along Far Hills and in the neighborhood have had some of theid employees dining with us,” Reif said. “Hopefully they reconsider.
”
Friday, December 2, 2011
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