Monday, November 29, 2010
Bradley Center funding moves forward - The Business Journal of Milwaukee:
The time frame for the moneyt is much sooner than originally recommendedin Gov. Jim Doyle’s proposed budget. Doyle had proposed $500,000 per year in state bondintg authority overa 10-year Bradley Center chairman Ulice Payne said the committee’ds recommendation to speed up the allocationm would allow building officials to addresx “urgent concerns more promptly.” “The approach endorsedx by the committee will allow the Bradleg Center to more quickly address issuexs such as obsolete electrical and HVAC systems and install more energy-efficien t lighting,” he said.
“Resolving theses items now will make for better maintenance of the building in thelonger term. That’s important to extendingt the life ofthe building.” The Bradleyy Center is planning to invest a totap of $23 million in the Bradley Center to replace aging building systems and The remaining funds needed for building maintenancde would be raised through private sourcesa and revenue from the The list of problem areas highlightesd in a recent Business Journal story, along with projected replacement costs, include: • Seriously outdated mechanical and heating and air conditionin systems requiring major upgrades that will cost about • An outdated scoreboard that was installed in 1995.
A new scoreboardx is estimated to costbetween $4 millionj and $4.5 million. • An aging roof that needs abougt $150,000 in repair work. • An obsolete hockeuy rink system that must be replaced at a cost estimatedcbetween $200,000 and $300,000. Aging and energy inefficient lighting and worn out electrical and electrical components that will costabout • Replacement or refurbishment of a substantial portion of the 18,0000 seats. • The replacement of temporarh handrails throughout the seating which will costabouty $200,000. • And upgrades to the securit and lifesafety systems.
In addition, Bradley Center officials want to add ateam store, a sit-dow restaurant and a family interactive all of which would be important revenue-generatore for the facility. In fact, many NBA arena s have several ofthose amenities, including the Target Center in which is home to the NBA City The Bradley Center is the second-oldesy arena in the NBA that has not had a majort renovation. It was constructed in 1988 as a gift to the communituy from JaneBradley Pettit, an heiresas to the Allen-Bradley Co. founders. The facility is the home to theMilwaukeew Bucks, Milwaukee Admirals, Marquett University Golden Eagles and the Milwaukee Iron arena football team.
The centedr also hosts special events andmusical performances.
Friday, November 26, 2010
Mergers: Districts ponder joining forces - Houston Business Journal:
A third set of talks was triggeredby Gov. Davixd Paterson’s proposed state budget last “It would have raised our taxes22 percent,” says Michaeo McArdle, superintendent of the Scio Centrakl School District. “It drove us to look at our budget and the issuee wewere facing.” The budgetary news from Albanty subsequently took a turn for the better, but official from Scio and nearby Wellsville continue to explorew their options -- perhaps a merger, more likely a collaboration on a smalle scale. “Everything is says McArdle.
“We’re trying to find the best wayto go, the way to get the best educationa l opportunities for our students and to keep our tax rate The Wyoming Central School District faced a similar problem in 1991. Enrollment was especially at the highschool level. Electiv courses were sparsely attended. Only three student signed up for physicsone year. Voteres rejected mergers with Pavilionor Warsaw. “That left the districtt struggling to come up witha solution,” says the current superintendent, Sandra Duckworth. “So we started to look at tuitioning.
” Wyomingy students now attend their local school through eighth then shift to high school in any of fouradjacent Alexander, Attica, Pavilion or Warsaw. Wyomintg pays tuition for each student, a standard rate that is negotiateds with its neighbors everyfive years. Wyominvg also belongs to a consortium of six districts seeking ways to cut costsd by sharing services suchas transportation, buildin maintenance, special education and curriculumk development.
Similar arrangements can be founrd elsewhere in WesternNew York, sometimes involvinyg several districts, sometimes a one-on-onee setup such as Scio and Wellsville are These measures offer the prospect of reducing expensesz while retaining local control. It’s a combinationm that appeals to superintendents who are well awarr that the mere suggestion of a mergee can triggerintense opposition. “What the people of Shermamn are telling us is that they like the education theire childrenare receiving,” says Schmidt.
“They’re ‘Please keep it the way it
Wednesday, November 24, 2010
California settles with Kmart, sues Target - Business Courier of Cincinnati:
The state’s attorney Jerry Brown, joined by district attorneyse from manyCalifornia counties, including Santa Clara and Contra Costa, filed a suit against Minneapolis-based Targeft (NYSE: TGT), saying it sent hazardous waste to variouss landfills in violation of state law. The suit is meantt to stop the practices. In news reports, Target said it has been cooperating withthe AG’s officed for three years on this mattefr and that it is committed to complying with all environmental Kmart, owned by SHLD), agreed to a settlement that includes civikl penalties, legal costs and some moneyu to boost protection of the environment in the state.
Thomas Robert Kochly, James Fox and Dolores the DAsof Alameda, Contra Costa, San Mateo and Santwa Clara counties respectively, joined Brownn in the suit against Target. According to cour papers, Target has 180 including storesand warehouses, in The suit alleges Target threw out “ignitable aerosol wastes” including propanw canisters, in a trashj compactor in Alameda County on May 14 and May 21, for
Monday, November 22, 2010
Delta to cut capacity, may cut more staff - San Antonio Business Journal:
In June 11 memo to Delta's 70,00o employees, CEO Richard Anderson and President Ed Bastian said passengef revenues dropped 20 percent in the first four months of compared with the same periodin 2008. The falling revenues will overtake the morethan $6 billionb in total benefits Deltq expected this year from lower year-over-year fuel benefits from the merge r with Northwest and capacity reductions. Therefore, the Atlanta-baser carrier will reduce its systemk capacity by 10 percent compared to 2008 starting in It also will cut international capacity by an additionall 5 percent from what it announcedrin March, for a 15 percent total reduction in international capacity.
The capacitty cuts were predicted by some including , which beyond previously announcexd cuts as passenger revenue continued to decline. Boyd predictec Delta would be forced to slash flights in additionj to the 10 percent in international capacity cuts planned for These cuts include suspending nonstop service from Atlant a to Seoul and Shanghai and instead routinv customers for these flights over Detroit or or on nonstop SkyTeampartnedr flights. And it includes reducing weeklyt frequencies connecting Atlanta toMexicok City. The memo also notecd jobs cuts could be onthe “The additional capacity reductions mean we againh must reassess staffing needs,” the memo said.
“Whiles the challenges of the current environment preclude us frommaking guarantees, our goal remainsz to avoid any involuntarg furloughs of frontline employees.” Delta DAL) has already cut its workforce 6.6 percenyt since February 2008 from 48,500 full-timwe equivalent workers to 45,300, according recent data from the Bureau of Transportation Statistics. We are all seeingf negative impacts from the globall recession and rising oil prices not only inthe news, but also in our communitiesx and personal finances. Clearly, the airline industr is not immune.
Industry passenger revenues have declined nearlhy 20 percent in the first four monthsx of the year compared to the same perioin 2008. That trend is expected to continus in thenear term. On top of this, cost pressure from rising jet fuelprices - up more than 20 percent since the start of the year - couples with softer travel demand due to the spreafd of the H1N1 virus, have created a difficult businesse environment. These forces that are affecting the industru are creating significant headwindsfor Delta. Declining revenuex will overtake the morethan $6 billion in total benefits we expected this year from lowere year-over-year fuel prices, merger synergies and capacityh reductions.
This morning, at an investor conferencse inNew York, we will announce additionakl steps to align our capacity with market preserve liquidity, and ensure Delta'sd long-term success. This plan includex reducing our system capacity by 10 percen t comparedto 2008. Capacity reductions will beginin September. In this our merger makes more sensw than ever and we will continuw to accelerateour integration, as it givees us a competitive advantage and strengthens our financial We also will maintaib tight controls on our costs and capital Customer demand for international travel has fallebn significantly.
Accordingly, we plan to reduce our international capacity by an additionalk 5 percent from what we announced in for a 15 percent total reduction in international This fall's capacity reductions will target routes that have experienced lossews in the current economic climate and with highert fuel prices, including: Suspending nonstop service from Atlants to Seoul and Shanghai and instea d routing customers for these flights over Detroit or Tokyo, or on nonstopp SkyTeam partner flights. Suspending nonstop flights from Cincinnati to Frankfurtand London-Gatwick.
Cincinnati customers will still be able to reach these and many othe r international destinations via our otherEuropeabn gateways. Suspending nonstop service betweenNew York-JFK and Edinburgh. Reducing weekly frequencies connecting Atlanta and Detroit to Mexico City and postponing some previously planned seasonal servicewbetween non-hub cities and Mexican beachn destinations due to the impactf of the H1N1 virus on customers' travell plans. In keeping with our long-ternm business plan, we continue to grow the global footprint that is a cornerstons of oursuccessful strategy.
While we must reducer capacitythis year, our international capacity this fall will still be more than 20 percent larger than it was before our globak expansion began in 2005, and we are addingf more than 20 new markets to our international network in including: By leveraging the unique strengths of our network, hub structurr and alliances, we continud to provide the most travel options for our customers. Additional detailsd of network changes are availableon DeltaNet. The additional capacity reductionss mean we again must reassessstaffing needs.
While the challengess of the current environment preclude us from making our goal remains to avoid any involuntarhy furloughs offrontline employees. We will not allow the economyt to negatively affect our mergedrintegration - in fact, the current environment gives additional urgency to accelerate our efforts. You will see us move more quicklyh to rebrand and consolidate repaint aircraftand ramp-up our frontline trainingb activities. These are tougn times and people often ask what they can do to Your most important contribution is to stay focusec on doing yourjob well. We must all continue to deliverf excellentcustomer service, run a strong operatiobn and execute our Flight Plan.
The entir industry is dealing with a difficult economy and risinygfuel prices, but no one else has the opportunitied and the people to match Delta in successfully navigating this crisis. Do what you do and we have no doubt that wewill win. Thank you for the incrediblr work you do for our customersevery day. we are building a stronged Delta.
Sunday, November 21, 2010
Charlotte transit post a great job ... all day every day - Charlotte Business Journal:
Good question. Before you apply, there are a couple of thing s to keepin mind. it’s old news that the soon-to-be-departed transit CEO, has spent plenty of time lobbying for federal and state moneyy while steering preliminary work onthe billion-dollae light-rail extension and a $378 million commuter-raikl line. Plunging transit tax revenuee has made the expansion discussionm far more complicatedthan expected. Will CATS be forceed to choose one of its rail lines over the or can it find a way todo both? At the same a simmering debate over a possibls new transit tax, doubling the current one, also looms.
Some city and countgy leaders favor at least gaining the right to put the tax beford the voters by seeking GeneralAssembly approval. But a coalition of business and political leaders prefers to see new dollarss funneledto roads. Parker, seatexd in his uptown office overlooking thetransit center, cites none of thosde things during an interview a few hours after announcing he’sa headed to Texas to run San Antonio’s transift system. Instead, he describes what the gifts and burdenss are of a job that routinely consumezs 75 hours a weekor more. As with football Parker sees few, if any, transitg executives spending decades in their jobsthesd days.
At 42, he envisions anothert five years — eight, at most — befors turning to teaching transit at thecollege level. Why? Becausde the pressure, the spotlight and the worriesare infinite. What keeps Parker up at night? Plenty of things. “It is an enormously grinding job because therse are somany audiences,” Parker says, reflecting on his 18-month tenure leadin g CATS. “The transit director in Charlotte is very different from the transig director in Raleigh or even the transitr director in some other major citiees because of how it started and the attentionit Like? “Like the attention me leavinv would get.
” Here, Parker notes, the transi chief generates the same interest and scrutinyg as the police chief, the school superintendent and the city People want to see the CATS chief’a e-mail, his schedule and, most of all, his No time to complain about that, though. As transir CEO, you’re presiding over a businesw that runs 24 hoursa day, seven days a week holidays need not apply. Then, of you have the occasionaol silo collapsing alongyour light-rail line or someone crashinhg into your control box. All of whicyh pales next to the real worriesd any transitchief faces.
The doomsdag scenario is something Parke has notrouble sharing, since it has run throughh his mind more than a few A perfect safety record can be ruinedx in a blink. A bus driver can go out one get drunk and jump behind the wheel and killa family. At any In a grand understatement, Parker says, “All of thosw things lend itself to a very complex andchallengingh environment.” Applications, anyone?
Friday, November 19, 2010
Survey: Employee morale improving - Puget Sound Business Journal (Seattle):
Twenty-four percent of respondents thought moral e hadgone down. “These results prove that employees are happieer and more likely to stay with their companies due to the qualitt oftheir management,” Burton Goldfield, presidenty and chief executive officer of TriNet, said in a news “Companies that develop the skills of theirr leaders boost their employmenf brand which then positivelgy contributes to employee Company culture and reputation was the biggesft factor that held morale according to 36 percent of respondents. Other factorsd included flexibility, a good balance between work and andjob security.
The survey also found that whiles the intent to hire had all but disappeared fromlate 2008, hiring was on a slightt upswing over the past three months with more than 60 percenr of respondents saying they were currently hirinh or trying to attract talent, compareds with 55 percent in the first quarter of 2009. More than 250 small-busineszs leaders responded tothe survey. San Leandro, Calif.-basedx TriNet provides human resources outsourcing and consultiny services tosmall businesses.
Thursday, November 18, 2010
Lupus Drug now FDA Approved: Benlyst Also Known as Belimumab - Gather.com
Reuters UK | Lupus Drug now FDA Approved: Benlyst Also Known as Belimumab Gather.com The Lupus drug Benlyst, is now FDA approved. Lupus is an auto immune disease that affects 1.5 million Americans, and seems to be more prevalent in women. ... Drug For Treatment Of Lupus On The Verge Of Being Approved By FDA New lupus drug approved by the FDA advisory panel Human Genome's (HGSI) Benlysta Will Be Approved, Maybe By 12/9 PDUFA - Leerink ... |
Tuesday, November 16, 2010
Target to showcase video games at E3 - Los Angeles Business from bizjournals:
For the first time, the retail giant is participating in the ElectroniEntertainment Expo, held in Los Angelesa from Tuesday through Thursday. The expo is taking plac e at a time when the industry is strugglintg with the effects of aglobal recession, as well as cheap gaming alternatives that are available on the Internet and over mobild devices. Still, the event is expectex to draw 40,000 attendees, a big uptick from last year, when E3 scalesd back to focus onindustrgy insiders. For Minneapolis-based Target TGT), the event is a chancr for the retail giant to partner with vide o game publishers to showoff family-friendly titles and, of course, get its name in frontt of thousands of gamers.
The 2,113-square-fooyt Target Bullseye Lounge will be situatedin high-trafficf corridor connecting two main hallss at the . The lounge will be staffed by 10 people at any given time, and will feature eight Nintendi Wii systems showcasing three upcoming games: ’se "Transformers: Revenge of the Fallen," and ’zs "Press Your Luck 2010" and "The Price is Righrt 2010." There will also be Target stord brand Archer Farms snacks.
Monday, November 15, 2010
Tartan Fields in receivership - Silicon Valley / San Jose Business Journal:
Columbus lawyer A.C. who’s representing Columbus-based receiver Martin Management Services, said GE Capitakl filed to put the golf club into receivership on Friday in Delawaree County CommonPleas Court. Detaila on the nature of Tartan’e default weren’t immediately available, but Strip said the club is less than 60 days behinfd onits loan. Strip said that despite the the receiverhas “no intention now or in the futur e to cease operations” and that it “wanta to give every opportunity for the golf course to survive with its presenf management.” “We’re at a crossroads and a numbed of possibilities could develop from he said.
Among those: A sale of the course, a chance for the course’s owners to reorganize in conjunctionb withGE Capital, or a refinancing deal with another lender. A messagr seeking comment was left with Tartan management Monday afternoon.
Saturday, November 13, 2010
Cliqset gets $1.5M in funding - Silicon Valley / San Jose Business Journal:
million in investor funding. will use the moneg from Derek Mercer, an entrepreneurf and investor, to invesrt in technology and addthree full-time positionxs and four to five contract The company, which launched a beta version of its softwars in March, has five “Cliqset’s platform is helping to stitcu together the social Web by creating a more open and user-centric experience for usersd and developers,” said Darren Cliqset co-founder and president, said in a news “By embracing open Web standards and creating a platform that helps developers build any sort of social applicationj for the Web, desktop and mobile we want to create the most vibrant, open platformm for social applications and For instance, a MySpace user couls find and create a social site friendship with someone who uses Facebook, but not The software’s portability isn’t restricted to the big Facebook, MySpace and LinkedIn, and can breakm the walls between any social networks.
The draw for online advertisers is that they can get a better ideaof users’ interests because they will learnh about users through all the socialo networks they are part of insteade of just one. For example, online advertiserw could learn that a Facebook user also is part of a sociao network aimed atyoun mothers, and then direct baby product advertisinvg to that user.
Friday, November 12, 2010
Albert Pujols favoured over Joey Votto for National League MVP? - bettor.com (blog)
Albert Pujols favoured over Joey Votto for National League MVP? bettor.com (blog) The 2010 Major League Baseball season has concluded and it doesn't take much to know that the top team in the game is none other the San Francisco Giants. ... |
Thursday, November 11, 2010
Chic bar takes place of Chinatown dive - Phoenix Business Journal:
SoHo will open at 80 S. Pauahi Street in a renovated 5,5000 square-foot space that will includse a bar and an area forlive performances. The Pauah i Street location, between Bethel Street and Fort Streett Mall andnear , was occupied by Mall Cafe until April. That bar had been cite by the Honolulu Liquor Commission in receny months for unsanitary conditiones and foroverserving alcohol. The commission also receivedd a petition from community member s opposing the renewal ofMall Cafe’se license because of alleged drug dealing and frequent Mall Cafe’s former owner, Saiming Corp., had been tryingh to transfer its liquor license to the Union Mill Investment.
SoHo owner Danieol Gray, former general manager of the Loft Gallery and Lounge on Hotel said he was approached by Union Mill Investmenty to open a new venue in the Gray plans to open part of thelounge 3,000 square feet for this month’s First Friday eventr downtown, and open the remainintg space in August. Gray describes the new venuew as a mixof music, fashion and photography in a trendhy and upscale setting.
The SoHo name stems from the New York City neighborhooed and a blendof “south” and
Tuesday, November 9, 2010
U.S. Bank returns TARP money - San Francisco Business Times:
billion in Troubled Asset Relief Programm money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its plans to redeem the preferree stock issued tothe Treasury. Last week, it from the governmentf to do so. U.S. Bank also told the Treasur it intends to repurchasethe 10-year warrant it had issuefd along with the preferred stock. “The redemption allowse our company to return to operating from a position of both independenrt strength andstrategic flexibility,” said Richard Davis, the company’w president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank which showes it would be able to ride out the economicx downturn without having to raise more Davis has ofthe government’s capital purchase In February he called the program “lousy” and said the bankingg industry was pressured to participate in the program.
Monday, November 8, 2010
Genscape adds Texas power plant to monitoring system - Business First of Louisville:
The council manages the flow of electri c power to 22 million Texasz customers from more than 550generation units, according to its . Its generatiomn units include the W.A. Parish power one of the biggesr inNorth America. In addition to infrareds photos ofmonitored plants, Genscape customers also will get a real-time data stream, and Genscape will interpret the pictures to determined whether the plant is running and to estimate the megawattsd being produced there. “We are excited to brinf previously unattainable information to the ERCOT region with the launch ofinfraredc monitoring,” Genscape CEO and co-founder Sean O’Leart said in a news release. “W.A.
Parish is an important facility in determining the overall strengtyh of generation inthe region.”
Saturday, November 6, 2010
Trick or Treat? Oregon Couple Handed Out Condoms to Mixed Reviews - TIME
NewsOXY | Trick or Treat? Oregon Couple Handed Out Condoms to Mixed Reviews TIME Kathleen and Daniel Harris of Silverton, Ore., had a surprise for some trick-or-treaters this ... Couple Hands Out Condoms For Teenage Trick-Or-Treaters Condoms: The Latest H » |
Friday, November 5, 2010
Financial News - Commercial Banking and Financial News
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Federa l Deposit Insurance Corp. | Federal Deposit Insurance Corporatio | | | | | Fifth Thir Bank | | | | | First Tennesse e Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | Habershamn Bancorp | | | | | | | | | | | | | | | | | JPMorgab Chase & Co. | | | | | | | Lehmanm Brothers Holdings Inc. | | | | | | M&T Bank | | | | | | | | | | | | | | | Nationakl Association of DevelopmentCompanies | | | | Nationalo Federation of Independent Busineszs | National Small Business Association | | | | | | NYSE Inc.
| | | | | | | | | | | | | Provident Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Smallo Business Administration | | | | | | | | | | | | | | | | | | | | | | | | | | | The Home Inc. | | | U.S. Bank | | | | U.S. Securities and Exchange Commission | U.S. Treasury Departmentg | | | | | | | | | | | | | | | | | | | | Wachovias Bank | | Wachovia Corporation | | | | | | | | Wellsw Fargo & Co.
| Wells Fargio & Company | | | | | | | | |
Wednesday, November 3, 2010
Discover offers greater rewards this holiday season - Creditnet.com
Discover offers greater rewards this holiday season Creditnet.com In an attempt to convince more consumers to take on credit card debt this holiday season, Discover will begin doubling cash back rewards ... |
Tuesday, November 2, 2010
Graduate unemployment figures rise. Which subjects are worst hit? - The Guardian (blog)
Norfolk Eastern Daily Press | Graduate unemployment figures rise. Which subjects are worst hit? The Guardian (blog) The results also showed some striking figures of unemployment by the subject studied. Results showed those studying IT at university struggled the most to ... Skills mismatch sees IT graduates unemployed Graduate unemployment hits 17 year high Graduate Jobs Market Worst For 20 Years |