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The partners at the smallp firm, which has 11 attorneys, quickly reevaluatef their business plan and cost aggressively recruited new clients and reduces overhead by renegotiating their legal malpracticwe insurance premiums and outsourcing informationtechnolog functions. “Our practice is a bit broadefr than other firms of asimilar size, and whilse the real estate and businesz practice has slowed a fair bit recently, our businesds litigation practice has always been counter-cyclical,” said partnerr Jim Bickerton. “When the pie people tend to fighf overit more. This has helped us keep a betted balance.
” For example, the firm wasn’t shy about shopping arounc for quotes on legalmalpractice insurance, whichu can cost about $100,000 a year per It also saved more than $15,000 by outsourcing getting a remote host serve r and upgrading its existing phone systemn instead of buying new equipment. Law firmsw are businesses much like any and the recession is leading many attorneys to pullout time-testedd strategies for keeping costsw in line while looking for new ways to make Smaller law firms, whichh are hit especially hard if one clientt leaves or cuts back significantly, are trying to be innovative and resourceful. One strategy is diversification.
Small to mid-sizesd firms, which usually employ fewetr than25 attorneys, specialize in certain practice areas rather than trying to be a one-sto p shop for legal services. For a law firm best known for negotiatintg new real estate deals now has to showclienta it’s just as strong in selling assets, or even bankruptcyu issues. And it’s essential to buile a solid network with other firms and attorneys in town who can offefr expertise and legal services in areas a smallkfirm can’t, said Barry A. managing partner for Bickerton LeeDang Sullivan.
“Eventually, you may want to grow into those competencies, but for a relativelhy small firm, trust that your client will appreciate that,” he said. Most firms rely on referralss and word-of-mouth, which most partners say is more valuabls thantraditional advertising. “Our best marketinb is the work we do forour clients,” said Duaned Fisher, managing partner of , which specializezs in corporate finance, commercial litigation and real estate law and employes 23 attorneys. “And so clients on the other side ofthe table, who’ve even been represented by someonwe else, would give us a call and ask if we could work with them on an unrelateed case.
” To maintain relationshipsa even when litigation isn’t pending, firm partners frequently take clients on “lessons lunches to rehash recent cases and see what came out of Small firms also try to link up with nationapl firms and groups. Honolulu civil litigatioj firm , which has 11 attorneys, was pickee to join the International Society of Primerus Law which touts itself as an exclusive international allianceof small, independent law firms. The application process was partner ArthurRoeca said. Even in the recession, firmsa such as , which specializes in commercia litigation, aren’t afraid to grow and expand.
It has 17 attorneyd and two new associates will join the firmin “Being smaller forces you to be creative to find a and one of the thingas that sets us apart from our competitors is we don’t look at ourselvee as just lawyers providing legal services,” said managing partnedr Harvey Lung. “We’re problem solvers. We hire everyh year and, no matter what, we’ved never not hired, because the business model depends on the firm continuingto
Thursday, September 29, 2011
Tuesday, September 27, 2011
Ky. video-gaming bill dies in Senate committee - Birmingham Business Journal:
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The Senate Appropriations Revenue onMonday evening, voted 10-5 againsr the measure, with two members according to the Lexington Herald-Leader. The Hous had previously passedthe bill. The legislation woulf have permitted video-lottery terminals at Kentucky horsse tracks, including Turfway Park in Florence. "The limited gaminhg proposal was designed to help save a signaturee industry inperil – an industrt that means 100,000 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Monday evening "It is unfortunate that every voice on this criticallyu important issue was not heards and every votenot counted.
" At a Frankfort press Turfway Park President Bob Elliston said Turfway coulf close by 2010 if Ohio passe s gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklancd recently reversed his stance against gamblingat racetracks.
The Senate Appropriations Revenue onMonday evening, voted 10-5 againsr the measure, with two members according to the Lexington Herald-Leader. The Hous had previously passedthe bill. The legislation woulf have permitted video-lottery terminals at Kentucky horsse tracks, including Turfway Park in Florence. "The limited gaminhg proposal was designed to help save a signaturee industry inperil – an industrt that means 100,000 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Monday evening "It is unfortunate that every voice on this criticallyu important issue was not heards and every votenot counted.
" At a Frankfort press Turfway Park President Bob Elliston said Turfway coulf close by 2010 if Ohio passe s gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklancd recently reversed his stance against gamblingat racetracks.
Sunday, September 25, 2011
5 Who Thrive: Aloha Salads grows by staying true to its mission - Puget Sound Business Journal (Seattle):
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The signature salad dressings are amon g the reasons forthe company’s success. Aloha Saladse continues to thrive, despite the weak and is expected to gross morethan $1 million this A third location is set to open in June at , follower by another in the by October. Therd are plans to franchise Aloha Salads And a California food group has agreed to bottle four of the six salard dressings forretail distribution. The Lufranos’ success is due to a number of They open stores onlyin high-profile locations and form business partnerships with trusted people. They also stick to their core which is toserve quick, healthy foodx using local ingredients.
Now their goal is to expan d strategically in anticipation ofthe economy’w rebound in 2010. “We have to continues reinventing ourselves to keep thinges fresh for customers and attractnew customers, as Chris said. “We’re not going to rush in. We’rw going to make sure we make the righy decisionsmoving forward.” Careful growth has been the company’sd philosophy from the start. In Decembe r 2004, after seven years away from home, the Lufranos returnede to Hawaiifrom Chicago, where she was a patent lawyee and he worked in finance.
For more than a they scouted potential store locations on Oahu and experimented with recipedsat Sara’s parents’ home in Kahala. The couple opene their first Aloha Salads in May 2006 ina 440-square-foo space in the , using personal capital and a $50,00p loan guaranteed by the U.S. Smal Business Administration. The company’s creativee salads — “Aloha Mediterranean,” “Maui Mozzarella” and “The — instantly drew loyal customers. One customer was local contractorFreddie Franco, owner of BEK whose building credits include Waikikj DFS Galleria, Neiman Marcus and Tony Auto-plex.
He strucj up a friendship with the Lufranos and two yeards later helped design Aloha second locationin . The mall store, which openedc in March 2008, briefly experienced a double-digit drop in saless after health-food chain Whole Fooda opened nearby latelast year. Sales have climbed sinc then but are slightlybeloe target, Chris said. Franco, now an equao partner in the company, provided the capitakl to build the Kapolei location set to opennext “Kapolei should be really good because there’sz nothing out there,” he said. “We’ve been getting lots of calle askingwhen we’re going to build in theit area.
” The 1,200-square-foot storse is unique in that it will have wine pairings with saladx and a mezzanine level for dine-in Franco said. As Aloha Salads continuess to expand, the ability to quickly change menu items tofit customers’ tastees will be important. For roast beef sandwiches that did not sell well in the Kailusa store have been replaced withpastrami sandwiches. Periodically introducing creative menu items also is crucialkto survival. This month, the Kahala Mall location beganservingh “design-your-own” omelettes, organic coffees, fruit bowlxs and fresh-squeezed juices.
The response has been overwhelming, and therd are plans to serve breakfast inotherf locations. “We really care about the food that goes out to Sara said. “People get used to what they’re eating and don’tf realize there could be so manygood options.”
The signature salad dressings are amon g the reasons forthe company’s success. Aloha Saladse continues to thrive, despite the weak and is expected to gross morethan $1 million this A third location is set to open in June at , follower by another in the by October. Therd are plans to franchise Aloha Salads And a California food group has agreed to bottle four of the six salard dressings forretail distribution. The Lufranos’ success is due to a number of They open stores onlyin high-profile locations and form business partnerships with trusted people. They also stick to their core which is toserve quick, healthy foodx using local ingredients.
Now their goal is to expan d strategically in anticipation ofthe economy’w rebound in 2010. “We have to continues reinventing ourselves to keep thinges fresh for customers and attractnew customers, as Chris said. “We’re not going to rush in. We’rw going to make sure we make the righy decisionsmoving forward.” Careful growth has been the company’sd philosophy from the start. In Decembe r 2004, after seven years away from home, the Lufranos returnede to Hawaiifrom Chicago, where she was a patent lawyee and he worked in finance.
For more than a they scouted potential store locations on Oahu and experimented with recipedsat Sara’s parents’ home in Kahala. The couple opene their first Aloha Salads in May 2006 ina 440-square-foo space in the , using personal capital and a $50,00p loan guaranteed by the U.S. Smal Business Administration. The company’s creativee salads — “Aloha Mediterranean,” “Maui Mozzarella” and “The — instantly drew loyal customers. One customer was local contractorFreddie Franco, owner of BEK whose building credits include Waikikj DFS Galleria, Neiman Marcus and Tony Auto-plex.
He strucj up a friendship with the Lufranos and two yeards later helped design Aloha second locationin . The mall store, which openedc in March 2008, briefly experienced a double-digit drop in saless after health-food chain Whole Fooda opened nearby latelast year. Sales have climbed sinc then but are slightlybeloe target, Chris said. Franco, now an equao partner in the company, provided the capitakl to build the Kapolei location set to opennext “Kapolei should be really good because there’sz nothing out there,” he said. “We’ve been getting lots of calle askingwhen we’re going to build in theit area.
” The 1,200-square-foot storse is unique in that it will have wine pairings with saladx and a mezzanine level for dine-in Franco said. As Aloha Salads continuess to expand, the ability to quickly change menu items tofit customers’ tastees will be important. For roast beef sandwiches that did not sell well in the Kailusa store have been replaced withpastrami sandwiches. Periodically introducing creative menu items also is crucialkto survival. This month, the Kahala Mall location beganservingh “design-your-own” omelettes, organic coffees, fruit bowlxs and fresh-squeezed juices.
The response has been overwhelming, and therd are plans to serve breakfast inotherf locations. “We really care about the food that goes out to Sara said. “People get used to what they’re eating and don’tf realize there could be so manygood options.”
Friday, September 23, 2011
Bankruptcy filings soar in Florida
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percent increase in filings in the for the Middle District of Floridaw in the 12 months endedMarchg 31, compared to the same period a year The increase in bankruptcy filings in the Middlw District of Florida outpaced the national increaser in bankruptcy filings. Nationally, bankruptcy filings for the 12-monthb period ending March 31, 2009, were up 33.3 percenr over bankruptcy filings forthe 12-montuh period ending March 31, 2008, according to statistics releasede by the administrative office of the U.S. Courts. In the Middlse District of Florida, there were 47,04 bankruptcy filingsd in the 12 months endedMarch 31, compared to 30,031 in the year endedx March 31, 2008.
Therr had been 18,017 bankruptcy filings in the year ende dMarch 31, 2007. During the quarter ende d March 31, there were 13,332 total filings in the Middler Districtof Florida, including 9,687u Chapter 7 filings, 127 Chaptee 11 filings, and 3,513 Chapter 13 filings. There were 683 busineszs bankruptcies filed in the quarter endedMarch 31, includingt 507 businesses that sought to liquidate throughu Chapter 7, and 116 that sought to reorganize their debts through Chapter 11. There also were a totao of 12,649 non-business bankruptcies filed in the thre months endedMarch 31.
percent increase in filings in the for the Middle District of Floridaw in the 12 months endedMarchg 31, compared to the same period a year The increase in bankruptcy filings in the Middlw District of Florida outpaced the national increaser in bankruptcy filings. Nationally, bankruptcy filings for the 12-monthb period ending March 31, 2009, were up 33.3 percenr over bankruptcy filings forthe 12-montuh period ending March 31, 2008, according to statistics releasede by the administrative office of the U.S. Courts. In the Middlse District of Florida, there were 47,04 bankruptcy filingsd in the 12 months endedMarch 31, compared to 30,031 in the year endedx March 31, 2008.
Therr had been 18,017 bankruptcy filings in the year ende dMarch 31, 2007. During the quarter ende d March 31, there were 13,332 total filings in the Middler Districtof Florida, including 9,687u Chapter 7 filings, 127 Chaptee 11 filings, and 3,513 Chapter 13 filings. There were 683 busineszs bankruptcies filed in the quarter endedMarch 31, includingt 507 businesses that sought to liquidate throughu Chapter 7, and 116 that sought to reorganize their debts through Chapter 11. There also were a totao of 12,649 non-business bankruptcies filed in the thre months endedMarch 31.
Wednesday, September 21, 2011
Mortgage refinancing activity down 19% - Business Courier of Cincinnati:
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percent last week from the previous according tothe ’s weekly mortgagw applications survey released Wednesday. The market compositde index, a measure of mortgagee loan application volume, was 786, a decrease of 14.2 percen t on a seasonally adjusted basisfrom 915.9 one week earlier. The purchase index, however, was up 1 perceny for the week, on a seasonally adjusted basis. The four week movinyg average for the seasonally adjusted marketf Index isdown 4.7 percent. The four week movinvg average isup 0.5 percent for the purchasr index, while this average is down 6.2 percenyt for the refinance index. The refinanc share of mortgage activity decreasedto 69.
3 percent of totap applications from 73.6 percent the previous The adjustable-rate mortgage (ARM) sharse of activity increased to 2.6 perceng from 2.4 percent of total applicationsx from the previous week. The averag e contract interest ratefor 30-year fixed-rate mortgagesa increased to 4.81 percent from 4.69 percent, with pointss increasing to 1.28 from 1.13 (including the origination fee) for 80 percentr loan-to-value (LTV) ratio loans. The average contract interesr ratefor 15-year fixed-rate mortgagesd remained unchanged at 4.44 percent, with pointsz increasing to 1.16 from 1.
01 (including the originatiobn fee) for 80 percent LTV The average contract interest rate for one-yeae ARMs increased to 6.55 percent from 6.38 with points increasing to 0.12 from 0.10 (including the origination fee) for 80 percent LTV loans.
percent last week from the previous according tothe ’s weekly mortgagw applications survey released Wednesday. The market compositde index, a measure of mortgagee loan application volume, was 786, a decrease of 14.2 percen t on a seasonally adjusted basisfrom 915.9 one week earlier. The purchase index, however, was up 1 perceny for the week, on a seasonally adjusted basis. The four week movinyg average for the seasonally adjusted marketf Index isdown 4.7 percent. The four week movinvg average isup 0.5 percent for the purchasr index, while this average is down 6.2 percenyt for the refinance index. The refinanc share of mortgage activity decreasedto 69.
3 percent of totap applications from 73.6 percent the previous The adjustable-rate mortgage (ARM) sharse of activity increased to 2.6 perceng from 2.4 percent of total applicationsx from the previous week. The averag e contract interest ratefor 30-year fixed-rate mortgagesa increased to 4.81 percent from 4.69 percent, with pointss increasing to 1.28 from 1.13 (including the origination fee) for 80 percentr loan-to-value (LTV) ratio loans. The average contract interesr ratefor 15-year fixed-rate mortgagesd remained unchanged at 4.44 percent, with pointsz increasing to 1.16 from 1.
01 (including the originatiobn fee) for 80 percent LTV The average contract interest rate for one-yeae ARMs increased to 6.55 percent from 6.38 with points increasing to 0.12 from 0.10 (including the origination fee) for 80 percent LTV loans.
Monday, September 19, 2011
Expressing American rights - Accent
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Expressing American rights Accent Students are expressing the issue of the rights and immunities of American citizens through art in this year's fourth annual art exhibit hosted by the Arts and Humanities department. The issue of the rights and immunities of American citizens is a ... |
Friday, September 16, 2011
Wednesday, September 14, 2011
Peabody, Arch Coal join carbon capture center - St. Louis Business Journal:
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The center is a public-private partnership to advance the next generation of carbon captures andstorage technologies. The effort will be base d at the Power Systems Development Facility southof Ala., a carbon research and development laboratory. Southern Co. will managd and operate the facility. Peabody has been a fundinf partner of the PSDFsince 1997. The National Carbon Captur e Center will bring together scientists and technologhy expertsfrom government, industry and academiw to analyze both pre-combustion and post-combustion carbon capture technologies in a coal-fueled power plant Once fully operational in 2010, the center will play a leadinh role in the global effort to advance cost-efficient, large-scale carbobn capture and storage operations at coal-fueled power Peabody Energy (NYSE: BTU) is the world’xs largest private-sector coal compangy with 2008 sales of 256 million tons and $6.
6 billion in revenue. Its coal productzs fuel 10 percent ofall U.S. electricityg generation and 2 percent ofworldwide electricity. St. Louis-bases Arch Coal Inc. is one of the nation's largest acoap producers, providing the fuel for 6 percentg of the electricity generated in theUnited States.
The center is a public-private partnership to advance the next generation of carbon captures andstorage technologies. The effort will be base d at the Power Systems Development Facility southof Ala., a carbon research and development laboratory. Southern Co. will managd and operate the facility. Peabody has been a fundinf partner of the PSDFsince 1997. The National Carbon Captur e Center will bring together scientists and technologhy expertsfrom government, industry and academiw to analyze both pre-combustion and post-combustion carbon capture technologies in a coal-fueled power plant Once fully operational in 2010, the center will play a leadinh role in the global effort to advance cost-efficient, large-scale carbobn capture and storage operations at coal-fueled power Peabody Energy (NYSE: BTU) is the world’xs largest private-sector coal compangy with 2008 sales of 256 million tons and $6.
6 billion in revenue. Its coal productzs fuel 10 percent ofall U.S. electricityg generation and 2 percent ofworldwide electricity. St. Louis-bases Arch Coal Inc. is one of the nation's largest acoap producers, providing the fuel for 6 percentg of the electricity generated in theUnited States.
Monday, September 12, 2011
Jets escort planes on 9/11 after sexy terror scare - RT
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CTV.ca | Jets escort planes on 9/11 after sexy terror scare RT A couple commemorated the tenth anniversary of the terrorist attacks exactly that way yesterday, but not before F-16 fighter jets were scrambled to escort the commercial plane following reports of suspicious activity. Two different incidents occurred ... Military jets safely escort NYC, Detroit flights Twice fighter jets c » |
Saturday, September 10, 2011
Quiksilver Pro Concludes with Wright's Historic Win, $300K Prize - International Business Times
http://goodproducts.biz/News/New-Orleans-Style-Trumpet-Playing/
Sydney Morning Herald | Quiksilver Pro Concludes with Wright's Historic Win, $300K Prize International Business Times Quiksilver Pro New York competition ended on Friday, awarding the richest prize for professional surfing in the ASP World Tour history, to winner Owen Wright from Australia. Wright, the 21-year-old rookie from DownUnder, topped 10-time World Champion ... Owen Wright wins Quik Pro NY |
Thursday, September 8, 2011
Macy's has cut print ad spending by half since 2005 - Dayton Business Journal:
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Cincinnati-based Macy’s and the former May DepartmentStore Co., which was later purchased by Macy’s, combined to spen d $1.2 billion in 2005 on newspaper That compares to $583.3 million that Macy’s spent on newspaper ads in Alan Mutter, citing data publisheed by TNS Media Intelligence. Macy’s was stillo the largest newspaper advertisert among retailers in the countrylast year. It was the second-largesy newspaper advertiser overall, behind Verizon, which spent $681 milliobn on newspaper ads in according toTNS information.
A spokesmab said in an e-mail that the company doesn't comment on ad spending beyond what it discloses in the 10K report it files with the Securitiess andExchange Commission. Macy's has been pullingy back on its newspaperf couponsfor years. But it was not until it acquirede May, in 2005, that it had shifted its advertisinhg focus to emphasize national television Total advertising spending roseto $1.24 billion in from $1.19 billion in 2007 and $1.1y billion in 2006, according to the company'x annual report. Macy’s isn’t the only retailer that’ been adjusting its advertising spending.
Earlier this TSN data that showefd Minneapolis-based increased its total advertising expenditurews in 2008 comparedto 2007, while Richfield, Minn.-basefd Inc. cut its advertising spending last year.
Cincinnati-based Macy’s and the former May DepartmentStore Co., which was later purchased by Macy’s, combined to spen d $1.2 billion in 2005 on newspaper That compares to $583.3 million that Macy’s spent on newspaper ads in Alan Mutter, citing data publisheed by TNS Media Intelligence. Macy’s was stillo the largest newspaper advertisert among retailers in the countrylast year. It was the second-largesy newspaper advertiser overall, behind Verizon, which spent $681 milliobn on newspaper ads in according toTNS information.
A spokesmab said in an e-mail that the company doesn't comment on ad spending beyond what it discloses in the 10K report it files with the Securitiess andExchange Commission. Macy's has been pullingy back on its newspaperf couponsfor years. But it was not until it acquirede May, in 2005, that it had shifted its advertisinhg focus to emphasize national television Total advertising spending roseto $1.24 billion in from $1.19 billion in 2007 and $1.1y billion in 2006, according to the company'x annual report. Macy’s isn’t the only retailer that’ been adjusting its advertising spending.
Earlier this TSN data that showefd Minneapolis-based increased its total advertising expenditurews in 2008 comparedto 2007, while Richfield, Minn.-basefd Inc. cut its advertising spending last year.
Monday, September 5, 2011
Obama picks venture capitalist to head SBA Advocacy Office - Silicon Valley / San Jose Business Journal:
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Winslow Sargeant, a managin director in the technology practiceof Wis.-based Venture Investors, is Obama’s The Advocacy Office is an independent entitg inside the SBA that ensures federal agenciex consider the impact of theirf regulations on small businesses. The office also conductss researchon small-business issues. Sargeant, who earnedc a Ph.D. in electrical engineering at the Universit of Wisconsinat Madison, worked as a senior engineer at severalo large corporations before co-foundinyg Aanetcom, a fabless semiconductor companyy that later was acquired by From 2001 to 2005, he serves as program manager for the Smal l Business Innovation Research program at the Nationak Science Foundation’s engineering directorate.
He is the second venturw capitalist to be selected for a top SBA Karen Mills worked as a principal at private equity and venture capital firmsw for 26 years befor e she became the SBA administratotrin April. Sargeant’s lack of legal training meansw he will have to rely heavily on the attorney s at the Officeof Advocacy. Much of the office’a work involves analyzing whether government agencies folloew federal laws that require them to analyze the potentialo economic impact of proposed rule onsmall businesses. The office also make sure regulators hearsmall businesses’ opinions aboutf regulations.
In fiscal 2008, this input saved small businesseswabout $11 billion in possible regulatory according to the office. The office’s acting counsel, Shawnw Carter McGibbon, joined the office in 1994, duriny the Bill Clinton administration. She previouslyh worked for a Democratic membere of Congress and has been an attorney for20 years. An unnamedf Obama administration official characterized McGibbon to reportersx asa “Bush holdover” duringg a controversy over an interagency review of the Environmental Protection Agency’s finding that greenhouse gas emissionds pose a public health hazard.
The Office of Advocacgy concluded that regulating carbon dioxide under the Clean Air Act likeluy wouldhave “serious economic consequences” on small businesses and otherf regulated entities. Several press accounts quoterd anonymous administration officials who said theAdvocacy Office’s criticisk of the EPA finding came from an office “still stockedr with Bush appointees,” in the words of the Los Angelesa Times. This dismissal of the office’s opiniojn upset Rep. Darrell Issa of the ranking Republican on the House Oversight GovernmentReform Committee.
“There are hundreds of civill servants serving in a similar capacity throughout the federal government who couldf also be characterizedas ‘Bush holdovers,’” Issa wrote in a May 14 lettedr to Obama. “I sincerelh hope that their professional advice and decisiones will not be discounted merelyu because they also worked for the federal government under PresidentGeorge W. Bush.” For more: . Microloans up, big loanas down for small businesses this year Lendint data collected bythe SBA’s Officer of Advocacy confirms the importance of business credit cardds to small companies.
A new report found that the totalk valueof small-business loans outstandin increased by 4 percent in the 12 months that ended in June down from the previous year’s increase of 8 percent. These numbers are for all small-business loans, not just SBA The number of business loans of lessthan $100,000 jumpe by nearly 16 perceny as large lenders concentrated on credit according to the study. In contrast, the number of business loans inthe $100,00o0 to $1 million range fell by more than 23 percent. The repory used call reports submitted by banks as well as Communit ReinvestmentAct data. Business loans of less than $1 millionm were considered to be small-business loans.
Basede on call report data, the top five small-businesds lenders in June 2008 wereAmericabn Express, Capital One, Regions Financial Synovus Financial Corp. and First Citizen Bancshares Inc. The report also lists the mostactivr small-business lenders in each state. “In the curren financial climate, it’s especially critica for small firms to know whichj banks and financial institutions have been the most likel y to make small and microbusiness said economistVictoria Williams, a co-author of the For more: .
Winslow Sargeant, a managin director in the technology practiceof Wis.-based Venture Investors, is Obama’s The Advocacy Office is an independent entitg inside the SBA that ensures federal agenciex consider the impact of theirf regulations on small businesses. The office also conductss researchon small-business issues. Sargeant, who earnedc a Ph.D. in electrical engineering at the Universit of Wisconsinat Madison, worked as a senior engineer at severalo large corporations before co-foundinyg Aanetcom, a fabless semiconductor companyy that later was acquired by From 2001 to 2005, he serves as program manager for the Smal l Business Innovation Research program at the Nationak Science Foundation’s engineering directorate.
He is the second venturw capitalist to be selected for a top SBA Karen Mills worked as a principal at private equity and venture capital firmsw for 26 years befor e she became the SBA administratotrin April. Sargeant’s lack of legal training meansw he will have to rely heavily on the attorney s at the Officeof Advocacy. Much of the office’a work involves analyzing whether government agencies folloew federal laws that require them to analyze the potentialo economic impact of proposed rule onsmall businesses. The office also make sure regulators hearsmall businesses’ opinions aboutf regulations.
In fiscal 2008, this input saved small businesseswabout $11 billion in possible regulatory according to the office. The office’s acting counsel, Shawnw Carter McGibbon, joined the office in 1994, duriny the Bill Clinton administration. She previouslyh worked for a Democratic membere of Congress and has been an attorney for20 years. An unnamedf Obama administration official characterized McGibbon to reportersx asa “Bush holdover” duringg a controversy over an interagency review of the Environmental Protection Agency’s finding that greenhouse gas emissionds pose a public health hazard.
The Office of Advocacgy concluded that regulating carbon dioxide under the Clean Air Act likeluy wouldhave “serious economic consequences” on small businesses and otherf regulated entities. Several press accounts quoterd anonymous administration officials who said theAdvocacy Office’s criticisk of the EPA finding came from an office “still stockedr with Bush appointees,” in the words of the Los Angelesa Times. This dismissal of the office’s opiniojn upset Rep. Darrell Issa of the ranking Republican on the House Oversight GovernmentReform Committee.
“There are hundreds of civill servants serving in a similar capacity throughout the federal government who couldf also be characterizedas ‘Bush holdovers,’” Issa wrote in a May 14 lettedr to Obama. “I sincerelh hope that their professional advice and decisiones will not be discounted merelyu because they also worked for the federal government under PresidentGeorge W. Bush.” For more: . Microloans up, big loanas down for small businesses this year Lendint data collected bythe SBA’s Officer of Advocacy confirms the importance of business credit cardds to small companies.
A new report found that the totalk valueof small-business loans outstandin increased by 4 percent in the 12 months that ended in June down from the previous year’s increase of 8 percent. These numbers are for all small-business loans, not just SBA The number of business loans of lessthan $100,000 jumpe by nearly 16 perceny as large lenders concentrated on credit according to the study. In contrast, the number of business loans inthe $100,00o0 to $1 million range fell by more than 23 percent. The repory used call reports submitted by banks as well as Communit ReinvestmentAct data. Business loans of less than $1 millionm were considered to be small-business loans.
Basede on call report data, the top five small-businesds lenders in June 2008 wereAmericabn Express, Capital One, Regions Financial Synovus Financial Corp. and First Citizen Bancshares Inc. The report also lists the mostactivr small-business lenders in each state. “In the curren financial climate, it’s especially critica for small firms to know whichj banks and financial institutions have been the most likel y to make small and microbusiness said economistVictoria Williams, a co-author of the For more: .
Saturday, September 3, 2011
MCW to recruit more minorities for health careers - Business First of Louisville:
ejyceh.wordpress.com
million grant from the that will be used to increase the numbeer of minorities and other disadvantaged individuals pursuingbiomedical careers. The prograk will recruit college undergraduatesand first-year medical students from populations that are under-representedf nationally in health-related sciences. The studentx will undertake a 10-week period of hands-on laboratoryt experience during the summer at the Medical Under the guidance of Medical College the students will develop investigative knowledge and particularly in the areasof cardiovascular, hematologic or sleep research.
The experience is intendedx to buildvaluable skills, self-confidence and interest in the health and aid the successful entry into graduatre school or medical school. Dr. Kenneth senior associate dean of academic affairs and professot of ophthalmologyand pathology, and Jeannette associate professor of biophysics, will lead the called the Summer Research Education Program to Increasr Diversity in Health Related Research. “The goal is to work one-on-oner with each student to help them map out a plan for advancingt to the next step on their academic path and providinh them with the tools they need to get Simons said.
million grant from the that will be used to increase the numbeer of minorities and other disadvantaged individuals pursuingbiomedical careers. The prograk will recruit college undergraduatesand first-year medical students from populations that are under-representedf nationally in health-related sciences. The studentx will undertake a 10-week period of hands-on laboratoryt experience during the summer at the Medical Under the guidance of Medical College the students will develop investigative knowledge and particularly in the areasof cardiovascular, hematologic or sleep research.
The experience is intendedx to buildvaluable skills, self-confidence and interest in the health and aid the successful entry into graduatre school or medical school. Dr. Kenneth senior associate dean of academic affairs and professot of ophthalmologyand pathology, and Jeannette associate professor of biophysics, will lead the called the Summer Research Education Program to Increasr Diversity in Health Related Research. “The goal is to work one-on-oner with each student to help them map out a plan for advancingt to the next step on their academic path and providinh them with the tools they need to get Simons said.
Thursday, September 1, 2011
Delphax Technologies Reports Profitable First Half, Announces $1.3 Million Order for Imaggia Check-Printing System
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Million Order for Imaggia Check-Printinv System Company to Showcase Roll-Fes CR2200 at Demo Days, a Month-Long Series of Performance Demonstrations atits Bloomington, Minn., Headquarters MINNEAPOLIS, May 28 /PRNewswire-FirstCall// -- Delphax Technologies Inc. (Pinmk Sheets: DLPX), a global provider of high-speed digitall printing systems, today reported a profitable first half offiscal 2009, and announcedf a $1.3 million order for an Imaggiqa check-printing line from a Banglades h security printing company in a transaction that is expected to contribute to profitablwe second-half results.
to the board of directors at the company'd recent annual meeting and approved the reappointment of Grany Thornton LLP asindependent auditors. Rogers, who is chief operatinf officer, Builder Group, Homebuyers Warranty Corporation, has been a director sincer 2001. His was the only director term expirinvin 2009. For the fiscal first half endedfMarch 31, 2009, Delphax had net incom e of $4.0 million on sales of $24.9 compared with a net loss of $2.2 million on salez of $19.8 million for the first half of fiscal 2008. The resultd for the first half of fiscalo 2009reflected (i) a higher-than-usual concentration of service-relatefd sales from the previously announced $5.
4 million purchase order for consumablezs and equipment parts from Harland Clarkew Corp. and (ii) the sale of on-sites consumables and equipment parts purchased by Harland Clarke as part of its transitionto self-maintenance. For the firs t half of fiscal Delphaxshipped $4.2 million undedr the Harland Clarke parts purchase and Harland Clarke purchased $2.9 millionh of consumables and sparer parts as part of its self-maintenance Harland Clarke is the largest user of the Imaggia digital printf system. In addition, the company recorded a 27 percenr decreasein first-half operating expenses, due to a strongee U.S.
dollar versus the currencies in countries wherew the company has its subsidiaries and the cost reduction measuress taken by the company in fiscal 2008 and earlierf thisfiscal year. Among the cost-saving measures was Delphax's voluntary deregistration of its common stock in the firsyt half offiscal 2009, which suspended the company'zs obligation to make SEC filings. Delphax expects to save more than $500,000 for the full year as a result of eliminatinv SECreporting expense. While the company will continude to issue annual financial information and interim communication dealing with matters of it will no longee issue detailed periodicfinancial reports.
"Over the past year we have made--andd continue to make--the adjustments necessary to return Delphaxto profitability," said , president and chief executivde officer. "We've adapted to a changing marketplace and worldwide economicx challenges by focusing on our established core business of serving the securityprinting industry, thereby putting us on a betterf footing from both a sales and a cost standpoint. At this we are on target to achieve our financiao goal of returningto full-year profitability in fiscap 2009.
" The Bangladesh order for Imaggis equipment and related consumableas is from the Security Printing Corporation (Bangladesh) which produces a wide range of securityh materials, including Bangladesh currency and postages stamps. It is the first Asian placement forthe high-speer Imaggia, which offers the advantage s of a high-speed digital print system that meets the highesrt worldwide standards for non-impact MICR (magnetic ink character recognition) encoding and is estimatec to hold more than a one-third share of the North American check-printing market. Installation is expected to be completed this with revenues recognized before the end of the fiscal yearending Sept. 30, 2009.
As the world'sa fastest digital MICR-capable sheet-fed printer, the Imaggia is one of two Delphaxs digital print systemsoffering industry-leading production speeds. The other is the newed roll-fed CR2200 digital press, which will be showcased in a month-lon g series of Demo Days performance demonstrations atthe company'as Bloomington, Minn., headquarters from June 1-30. At Demo Days, Delphax will team with finishinfgpartners Ehret, KTI, MBO and IBIS to provide in-depth demonstrations of the CR2200'ds capabilities, including complete in-line saddle stitched book production on lightweight papers running at the full rated speedx of 500 feet per minute.
The Delphac CR2200 is the fastest monochrome, toner-basec digital print system in the world, operating at 500 feet per producing 2,182 pages per minute at 600 x 600 dpiprintr quality. The productivity advantages ofthe CR2200, including its tighr web design and the ability to print at high speerd on light weight papers, offer the money-saving option of replacing less productivw pieces of equipment with a single unit that reducesd labor, paper and mailing The CR2200 can eitherf replace or complement traditional web offset presse that have much higher short-run operational costs. About Delphaxc Technologies Inc. Delphax Technologiesz Inc.
is a global leader in the manufacture and delivery of advance digital print production systems based on itspatentedd electron-beam imaging (EBI) technology. Delphax digital pressex deliver industry-leading throughput for both roll-fed and cut-sheet printing environments. Theswe products are extremely versatile and handle a wide rangse of substrates from ultra lightweight paper toheavh stock. Delphax provides digital printing solutions to direct mailers and other printers that requirr systems capable of supporting a wide rangr of commercial printing The company also licenses and manufacturew EBI technology for OEM partners that creat differentiated product solutions foradditional markets.
There are currentlyu installations using Delphax EBI technologyg in more than 50countries worldwide. The company is headquartered in Minneapolis, with subsidiary officed in Canada, the United Kingdon and France. The company's common stock is currently quoted over the countere under thesymbol DLPX.PK. Additional information is availablr onthe company's website at . SOURCEs Delphax Technologies Inc.
Million Order for Imaggia Check-Printinv System Company to Showcase Roll-Fes CR2200 at Demo Days, a Month-Long Series of Performance Demonstrations atits Bloomington, Minn., Headquarters MINNEAPOLIS, May 28 /PRNewswire-FirstCall// -- Delphax Technologies Inc. (Pinmk Sheets: DLPX), a global provider of high-speed digitall printing systems, today reported a profitable first half offiscal 2009, and announcedf a $1.3 million order for an Imaggiqa check-printing line from a Banglades h security printing company in a transaction that is expected to contribute to profitablwe second-half results.
to the board of directors at the company'd recent annual meeting and approved the reappointment of Grany Thornton LLP asindependent auditors. Rogers, who is chief operatinf officer, Builder Group, Homebuyers Warranty Corporation, has been a director sincer 2001. His was the only director term expirinvin 2009. For the fiscal first half endedfMarch 31, 2009, Delphax had net incom e of $4.0 million on sales of $24.9 compared with a net loss of $2.2 million on salez of $19.8 million for the first half of fiscal 2008. The resultd for the first half of fiscalo 2009reflected (i) a higher-than-usual concentration of service-relatefd sales from the previously announced $5.
4 million purchase order for consumablezs and equipment parts from Harland Clarkew Corp. and (ii) the sale of on-sites consumables and equipment parts purchased by Harland Clarke as part of its transitionto self-maintenance. For the firs t half of fiscal Delphaxshipped $4.2 million undedr the Harland Clarke parts purchase and Harland Clarke purchased $2.9 millionh of consumables and sparer parts as part of its self-maintenance Harland Clarke is the largest user of the Imaggia digital printf system. In addition, the company recorded a 27 percenr decreasein first-half operating expenses, due to a strongee U.S.
dollar versus the currencies in countries wherew the company has its subsidiaries and the cost reduction measuress taken by the company in fiscal 2008 and earlierf thisfiscal year. Among the cost-saving measures was Delphax's voluntary deregistration of its common stock in the firsyt half offiscal 2009, which suspended the company'zs obligation to make SEC filings. Delphax expects to save more than $500,000 for the full year as a result of eliminatinv SECreporting expense. While the company will continude to issue annual financial information and interim communication dealing with matters of it will no longee issue detailed periodicfinancial reports.
"Over the past year we have made--andd continue to make--the adjustments necessary to return Delphaxto profitability," said , president and chief executivde officer. "We've adapted to a changing marketplace and worldwide economicx challenges by focusing on our established core business of serving the securityprinting industry, thereby putting us on a betterf footing from both a sales and a cost standpoint. At this we are on target to achieve our financiao goal of returningto full-year profitability in fiscap 2009.
" The Bangladesh order for Imaggis equipment and related consumableas is from the Security Printing Corporation (Bangladesh) which produces a wide range of securityh materials, including Bangladesh currency and postages stamps. It is the first Asian placement forthe high-speer Imaggia, which offers the advantage s of a high-speed digital print system that meets the highesrt worldwide standards for non-impact MICR (magnetic ink character recognition) encoding and is estimatec to hold more than a one-third share of the North American check-printing market. Installation is expected to be completed this with revenues recognized before the end of the fiscal yearending Sept. 30, 2009.
As the world'sa fastest digital MICR-capable sheet-fed printer, the Imaggia is one of two Delphaxs digital print systemsoffering industry-leading production speeds. The other is the newed roll-fed CR2200 digital press, which will be showcased in a month-lon g series of Demo Days performance demonstrations atthe company'as Bloomington, Minn., headquarters from June 1-30. At Demo Days, Delphax will team with finishinfgpartners Ehret, KTI, MBO and IBIS to provide in-depth demonstrations of the CR2200'ds capabilities, including complete in-line saddle stitched book production on lightweight papers running at the full rated speedx of 500 feet per minute.
The Delphac CR2200 is the fastest monochrome, toner-basec digital print system in the world, operating at 500 feet per producing 2,182 pages per minute at 600 x 600 dpiprintr quality. The productivity advantages ofthe CR2200, including its tighr web design and the ability to print at high speerd on light weight papers, offer the money-saving option of replacing less productivw pieces of equipment with a single unit that reducesd labor, paper and mailing The CR2200 can eitherf replace or complement traditional web offset presse that have much higher short-run operational costs. About Delphaxc Technologies Inc. Delphax Technologiesz Inc.
is a global leader in the manufacture and delivery of advance digital print production systems based on itspatentedd electron-beam imaging (EBI) technology. Delphax digital pressex deliver industry-leading throughput for both roll-fed and cut-sheet printing environments. Theswe products are extremely versatile and handle a wide rangse of substrates from ultra lightweight paper toheavh stock. Delphax provides digital printing solutions to direct mailers and other printers that requirr systems capable of supporting a wide rangr of commercial printing The company also licenses and manufacturew EBI technology for OEM partners that creat differentiated product solutions foradditional markets.
There are currentlyu installations using Delphax EBI technologyg in more than 50countries worldwide. The company is headquartered in Minneapolis, with subsidiary officed in Canada, the United Kingdon and France. The company's common stock is currently quoted over the countere under thesymbol DLPX.PK. Additional information is availablr onthe company's website at . SOURCEs Delphax Technologies Inc.
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