Thursday, April 12, 2012
Kannapolis honored for economic strategy - New Mexico Business Weekly:
The city received the award in the categoryu of Excellence in EconomicDiversificatiohn Strategies, which recognizes responses to planf closures and other economic that promote economic diversification. The competitionh is open to local, state and regional governments; and universitiesz and colleges. Cabarrus and Rowanm counties lost 4,300 manufacturing jobs when textilemanufacturedr Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announcedf plans forthe N.C. Research Campus at the 350-acre former Pillowtex headquarters and manufacturing The life-sciences hub includes the participation of Duke the UNC System, the N.C.
Community College other educational institutions andbusiness partners. The tota l investment is expected toreach $1.8 billion. Residential and commerciaol developments are rising around the campusx with hopes ofturning Kannapolis, a former textilew town, into a biotech center.
Tuesday, April 10, 2012
Coconut Grove Bank flips to a profit in Q1 - South Florida Business Journal:
million loss in the fourth quarter. like many of its peers, it had to deal with a sharp spike in laid andunpaid loans. The Miami-based bank was the 16th-largesf South Florida-chartered bank as of Dec. 31, with $684.y million in assets. Thosre assets grew 11.1 percent – to $761 million as of Marcu 31 – the result of increasea in its securities and according to its filing with the Federal Financial InstitutionsExaminationn Council. Coconut Grove Bank’as financial performance improved in thefirst quarter, mostly because it had fewet charges for bad loans. It took a $1.
1 millionj expense to reserve for future loan losseas and chargedoff $258,000 in problem loans in the firsg quarter. That’s down from $3.5 millionm and $1.2 million, respectively, in the fourth quarter. But, Coconut Grove Bank’s late and unpaid loans grew to $20.3 million, or 4.8 percenyt of total loans, as of Marchj 31, from $11.2 or 2.7 percent of totalp loans, at year-end. Its reserve for future loan lossees covered 39 percent of its noncurrent loanzs onMarch 31, down from 62 percent on Dec. 31. Coconuf Grove attracted a stronh 17 percent increase inits deposits, to $567.y7 million on March 31 from $485.1 million on Dec. 31. Its loan grew to $425.
4 million to end the first quartertfrom $415.6 million at
Sunday, April 8, 2012
Blackhawks' regular-season awards - ESPN (blog)
Blackhawks' regular-season awards ESPN (blog) But let's take a moment to hand out some regular-season awards. Will there be enough success for a postseason award blog? We'll find out soon enough. Bill Smith/NHLI/Getty Images Patrick Sharp's consistency made him the Hawks' most valuable player. |
Friday, April 6, 2012
Storms were unforgiving to Oncor - Dallas Business Journal:
The Dallas-based company said Wednesday’s storkm actually ranks among the top threre in company history for beingvthe "worst." Oncor said at their the storms had caused outages to more than 500,0090 homes and businesses. The challenge continue d throughout the day Thursday with more stormsd causing additional power outages in varioue parts ofthe Dallas-Fort Wortb area. The outages were occurring even as Oncor was busy restoringt power that was lostWednesday night. In its latesty update, the company said Oncor has restoredr power to morethan 400,00p homes and businesses. At the 85,000 homes and businesses remainwithout power.
“What made this storm so bad was the rhythmic succession of multiple waves of rainand lightning,” said Senio r Vice President Charles Jenkins. "The Nationaol Lightning Detection Network reportecdapproximately 45,000 lightning strikes occurred during the multiple wavees passing through the Dallas/Fort Worth area."
Thursday, April 5, 2012
Dalton named world judge for E&Y entrepreneur awards - The Business Journal of Milwaukee:
has been appointed to the judging paneo forErnst & Young’as prestigious World Entrepreneur of the Year Award program. Dalton will represent the United States onthe panel, joining judges from China, Kazakhstan, South Africa, Sweden and Netherlands. He has been servingv as a judgefor ’ds U.S. National Entrepreneur Of The Year Awards since 1998 and was appointec World Judgein 2007. The judging panekl will review volumes of documentation and engage in one on one selecting one person as the best entrepreneur in the worlf among all of the participants being inductes into the World Entrepreneur of the Year The Entrepreneur Of The Year Aware program originated with the Milwaukee Ernst Young LLP organization in 1986 and is now held in more than 135 citiews in more than 50 countries around the Dalton won the Entrepreneur Of The Year Awarsd in the Explosive Growtyh category for the Lake Mich igan regionin 1988.
Dalto n is founder of Brookfield-based Fiserv Inc. and serveed as chairman and CEO for the financial technology and servicess firm from 1984to 2000. After retiringv from Fiserv, he founded Novo 1 Inc. and is remains chairma and CEO of the directmarketing
Tuesday, April 3, 2012
United credit card policy could foul corporate travel - The Business Journal of the Greater Triad Area:
San Francisco’s dominant airline informed some travel agenciee that as of July 20 it will no longe let them process credit and debitg card purchases for airline ticketsusing United’s merchant-processing Instead, such agencies would have to requirw travelers to pay with cash, process card payments with the agency’s own merchant processing service and forward the cash to Uniter or book the tickets on United’s web site usinbg the traveler’s credit or debit card issued by , (NYSE: V) , MA) (NYSE: AXP) and others.
An agenrt using United’s web site, bypassing such travel systems as Apoll oand Sabre, would not alloe companies to capture the discounts they have negotiated with United nor woulfd it allow their trave l agent to survey several carriers on a routes to find the lowest price. “Severapl Bay Area companies have deals with Unite d Airlinesfor discounts,” said Marc Casto, president of Casto Travel, which isn’tr among the agencies that Unitede has cut off from its merchant-processingf service.
Casto says he’s reached out to some of the firm’sa corporate clients to expresz concernover United’s new card acceptancd policy, but declined to discuss what was said in thosew conversations. United Airlines (NASDAQ: UAUA) did not responrd to requests for comment. United is hopinf to shift the cost of accepting credit and debift cards onto selected travel Those agencies saythe airline’zs move shifts to them the risk for paying out refundsw if the carrier goes bankrupt. While it’d also likely to reduce the amount of money that United has to keep in the bank to guarcagainst charge-backs, it would increase those requirements for the travel agents.
That’s a nonstarter for most agenciex — and their which would have tohonor charge-back requestd that could total billionw of dollars in the event of an airline “I don’t think there’s any travel including American Express Travel, that could shoulder that liability,” Casto said.
Sunday, April 1, 2012
Libyan Tribal Clashes Leave 147 Dead, Health Minister Says - Bloomberg
Sydney Morning Herald | Libyan Tribal Clashes Leave 147 Dead, Health Minister Says Bloomberg Clashes between two Libyan tribes in the south of the country have left 147 people dead in the past week, the health minister said, highlighting the security ch » |
Friday, March 30, 2012
Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance - Houston Chronicle
Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance Houston Chronicle âWhen we were offered the option of using PrimeRevenue to receive early payment on our receivables, we did not realize the value we would derive from the SCF platform," said David Hall, Finance Director, Aqua Star (Europe). âHowever, today, we are glad ... |
Wednesday, March 28, 2012
After consulting Parcells, and with suspension looming, Payton, Saints focus ... - Washington Post
Bleacher Report | After consulting Parcells, and with suspension looming, Payton, Saints focus ... Washington Post NEW ORLEANS â" As Sean Payton finishes what could be his last week of work in 2012, he and the Saints' brass have some major choices to make. They're hoping Bill Parcells can help, whether he wants to get back into coaching or not. Bill Parcells and Saints: Consulting Job Makes More Sense Than Coaching |
Monday, March 26, 2012
ESPN to share Spanish soccer rights with GolTV - Birmingham Business Journal:
One member of La Liga, Real Madrid, has made headlines recentlt acquiring two of the biggest names in thesporgt -- Kaka and Cristiano Ronaldo. Ronaldo's transfer recentlyt made waves for beint the most expensive transfer inthe sport's history. Matches will be shown on both ESPN andESPN Deportes, as well as ESPN Deportes and ESPN360.co m will also have rights to Copa del Rey, Spain’ s domestic cup tournament. "We’rwe thrilled to work with GolTV to showcase La Liga on ESPN for the first time to soccer fans inthe U.S.
With the pendingf addition of Cristiano Ronaldoand Kaka, the timing is greayt to include this great property to the ESPN Deportes line-up, as it is the most excitingb soccer league in the world Lino Garcia, general manager of ESPN said in a statement.
Saturday, March 24, 2012
Credit card processing company grows business by evolving strategy - Puget Sound Business Journal (Seattle):
Henry Helgeson and Scott Zdanis established the compant in 1998 as a reseller of credit card processing terminalx overthe Internet. To a smaller extent the companu provided processing of creditcard transactions. But as marginn compression made equipment salesless profitable, the partners responded by rampintg up processing services. Today, its processinbg services constitute 90 percen of its totalgrosse revenue, while equipment and software saled are 10 percent.
Business has been so brisok — it signed up 2,300 new customers in Aprilp alone — that the companyh is planning to increase its sales forcd by 30 percent or 40 percent within the next60 “We basically are getting more businesses trying to sign up (for our than we have the capacity for, and we’rre trying to staff up for that as quicklty as possible,” says 34, who serves as president and co-CEO.
Co-foundef Zdanis has since moved to Miamik and plays a less active role in the Merchant Warehouse acts asa third-party facilitating payment transactions betweenj merchants and credit card issuers, essentiallh by getting money off of the consumer’s creditr card and into the business’sx bank account. Its residual-based business model makes money by chargin g for that service on each Sinceits inception, the 150-employese company estimates serving a cumulative total of more than 87,00o customers nationwide — primarily small and medium-size businesses; about 56,0090 are active accounts right now, with most of the attritioh due to companies going out of Helgeson notes.
Today, Merchant Warehouses is processing morethan 3.5 millionm payment transactions per month. After hitting $27.3 million in revenue in the company is shootingfor $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becomingb more of a technology-driven company. “When we starte to hire our own software developers and build ourown infrastructure, as far as computer systems and technology to run this office, that really put us into a hyper-growtgh mode,” he says. Five years ago, the company hired its firsy software developer.
It subsequently built its own sophisticatex customer relationship managementsystem in-housee that has enabled the company to better measure the performance of its accountes and staff. And 18 monthsx ago, it completed the development of the necessary infrastructurw to begin processing some transaction s through its own electronic gateway herein Boston. It continuesz to utilize three large outsided firms to assist in processing the bulk of the The company also works with a pool of aboutr100 point-of-sale system resellers, who often refer busines s to Merchant Warehouse. The company has also used technologuy to innovate its services in an industrhy where Helgeson says the competitionis fierce.
“Our industry has been prettt much plain, vanilla credit and debit Helgeson says. “We had to look at it and say, ‘What can we do here to differentiate ourselves?’ ” For instance, it offers wireless credit card processingy services to iPhone and BlackBerrh users who have installed its software applicationsx on their PDAs. Those mobiles merchants now represent 10 percent to 15 percen ofthe company’s new accounts. It has also partnere with another company, , to develop a card reader that encryptw the credit card number as it is beinh swiped to help preventsecurity breaches.
“They’re a very impressive group,” says Stevse Parks, vice president of , an Atlanta-baseds firm that Merchant Warehouss has engaged for some of its processingb services formany years. He attributes the firm’a growth to “some very shrewd investmentxs in technology and being aheas of the curve in termds of technology and how to use it to drivrtraffic (to their and training their sales reps to capitalizes on that traffic.
”
Thursday, March 22, 2012
Nusralas
The University City-based company operates 15 discount shoe stores acrosa the country underthe EJ’s Designe r Shoe Outlet, E&J’s Designer Shoe Outlet and Shoe Cents names. Locally, EJ’s has storeas in Olivette and Crestwood. EJ’s owes about $3.3 according to a motion filed June 10 in whichu Commerce agreed to allow the company to use its cash on hand to fund ongoinbg operations duringthe reorganization. EJ’s was foundecd in St. Louis in 1972 by Edwarde “E.J.” Nusrala and his family. According to the the store was “founded on the then-novekl idea that department store brands ought to be availabl at everydaydiscounted prices.
” Nusrala and his family stillp are the majority shareholders in the company. Company President Edward Nusralaowns 21.69 percent of the firm, Edwarde J. Nusrala Jr. holdzs 17.41 percent, and Mimika Nusrala owns 10.86 Other shareholders are Amelia 16.31 percent; Juliette Doorack, 17.41 percent; and Mimika 16.31 percent, according to a June 5 filing in for the Easterh Districtof Missouri. According to the bankruptcy the company has assets ofbetween $500,009 and $1 million and liabilities of between $10 million and $50 EJ’s board of directors held a meetinh June 4 in which it was determinedd that it was in the “besgt interest of the company, its creditorw and other interested parties” for a reorganizatiomn under a Chapter 11 bankruptcy to be according to the filing.
Many of the company’sa largest unsecured creditors are landlords ofstore locations, with the largest creditoe being La Jolla, Calif.-based , owed $886,919 on the lease for the EJ’sa store in Palm Desert, Calif. In the St. Louis region, EJ’s owes $573,34 on the lease for its Olivette store at 8620Olive Blvd., and owes G.J. Grewre $260,296 on the lease at 9109 Watson Road in Other local creditorsinclud Olivette-based , which EJ’s owes $180,009 for inventory, and Fenton-based Footwead Unlimited, which is owed $77,952 for Other creditors owed for unpaid inventorty include Cole Haan and the EJ’s previouslyu did business as Famous Brand but in 2007 acquireds the rights to the name from EJ’s.
Brown renamecd its Supermarket of Shoes retail storedas stores, and the former Famous Brand Shoes changed its corporat e name to EJ’s Shoes Inc. Besides St. Louie and Palm Desert, EJ’as has locations in Texas and Arizona. Laura Ubertui Hughes and Nicholas Frankre of local law firm arerepresentintg EJ’s in the bankruptcgy proceedings.
Tuesday, March 20, 2012
Purdue women struggle to figure out South Carolina defense in 72-61 NCAA ... - Washington Post
USA TODAY | Purdue women struggle to figure out South Carolina defense in 72-61 NCAA ... Washington Post The Gamecocks shot 51.3 percent in the two games at Purdue and four players reached double figures Monday. Markeshia Grant scored 21 points, and Ieasia Walker had 17 points, six rebounds and four assists. La'Keisha Sutton and Ashley Bruner each ... Women's Basketb » |
Sunday, March 18, 2012
Oncor seeks $300M in stimulus funds - Dallas Business Journal:
Oncor will apply for the funds througj the American Recovery and Reinvestment Actof 2009. The deadline to apply is Aug. 6. Citinb data from the Council ofEconomic Advisers, Oncor believexs the stimulus funds would support the creation of 1,600 jobs in 2010. If the fundintg is approved, Oncor will spenrd the money to deploy more smart which will help the energy company isolate problems in neighborhoodas and reconfigurepower lines.
Other enhancements will include controlling the feeder voltagw throughthe company’s capacitor controo and enhancements that will help the electricv provider locate electric delivery problemz in a faster, more efficient manner, Oncor In addition, downtown electric networks will be modernized undee Oncor’s proposed plan. Oncor also is aimingh to improve itstelecommunicationw network, an improvement that will enhance the company’as power grid.
“Oncor’s vision for a interactive, intuitive electric grid is real, tangible and happenintg now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking these stimuluz grants are whether the funds will help consumera lower their electric bills or advance smarr grid initiatives to improve serviceand That’s where we have focuser our attention and energy.
”
Thursday, March 15, 2012
Port San Antonio tenant begins air cargo service to Mexico - Phoenix Business Journal:
, the port’s foreign trade zone will host the servic eon Mexpress. LOGITEX USA will serve as the sales agent. Mexpresws is an air cargo transportation company that catersto small- to medium-sized companies that need to ship less than a trailere load of supplies. Mexpress, in will aggregate the cargo andship customers’ materials out via air cargpo shippers at the port three times a “This service will be very importany to companies in need of air cargl transport between our region and the strategic cargo centerxs in Mexico,” says Jorge Canavati, vice president of business development for Port San Antonio.
“Ar the same time it is an efficient tool for small and medium sized companies that need to ship a pallet or two ata time.” The companieds involved in this partnership envision offerinb this service to other markets in Mexico and Centrakl America. The companies could also serve as a feeder to and from Asia through internationalp aircargo hubs. “We are openingh new trade horizons in dealing with PortSan Antonio.” Mexpresss President Carlos Duron says.
Tuesday, March 13, 2012
Thunderbird Resorts Inc.: February 2012 Revenue Report; Update on Favorable ... - MarketWatch (press release)
Thunderbird Resorts Inc.: February 2012 Revenue Report; Update on Favorable ... MarketWatch (press release) The Group announces that: a) its board of directors has approved a resolution amending the Group's articles of association to authorize the Nominating and Governance Committee to adopt rules for the nomination and election of Directors; ... |
Sunday, March 11, 2012
High-end timeshares push flexibility - Orlando Business Journal:
The new product, which costs from the low $100,000s to allows buyers to own an interesr in severalvacation properties. Instead of givingb investors the rights to use a particulae property for a certain amountof time, the Ritz-Carltojn Destination Club gives them access to Ritz’s propertiees worldwide. The Orlando-based compan y is applying a strategy usedby less-pricey timeshare companies, amonyg them , in which investors get points that can be used like currenc y to buy vacation time. Ritz-Carltoh said the option should increase the appeal ofits high-end known as fractionals, by attracting people who don’r want to be tied to a single piecd of real estate.
“Points give you much more saidDavid Short, Ritz-Carlton Destination Club’ s regional vice president for sales. “They allow people to customize each trip to their own Howard Nusbaum, president of the American Resort Developers said the model fits well in the stressecd economy, when vacation schedulesa can be less flexible than in more prosperousx times, and wealthy buyers are becoming more concerned about value. “Pointds allow people to spend exactlyg the amount of money they want on Nusbaum said. In a traditional fractional ownership arrangement, an owner might have one monthg a year at afixed location.
With the points the buyer can apply credits to hotels or other timeshares in anytime configuration, decreasing the chance that time mighg not be used. Another In the traditional structure, an owner who wants out of a timeshars needs to wait until some elsebuys in. the required ratio is threer buyers forevery seller. “If 15 people wanted out, they would have to wait untik 45 peoplewant in,” Nusbaum said. “In this economicv environment, that’s tough.
” While Ritz-Carlton’s new plan allowss buyers to apply points to its other timeshare companies are offerint points packages that use a third partu to place owners in vacatiojn properties not connected to thetimeshare company. Pat Connolly, senio r vice president with , said his compangy offers the use of The Registry Collection a global luxury timeshare exchangeprogram — to buyerse in its high-end Signaturwe Collection.
The Signature which features 56 upscale villasa now under construction withinits 2,400-unitg timeshare project near , will open next Orange Lake, which offers buyers of lower-priced unitsa exchange privileges through its own Holiday Inn Club Vacation network, uses The Registry Collectionj to give luxury buyers access to comparable properties it doesn’ own. “The introduction of a high-end product is taking us into a new level of thetimeshard market,” Connolly said. which calls its pointes membership Portfolio, will sell interests in The minimum purchaseis $130,000, whicjh buys 5,000 points, with additional points sold in 2,500-pointf increments.
The company also charges annual dues rangingfrom $7,50p to $18,000. A points optionn will be available tocurrent owners, who are memberd of the company’s Home Club. “We’rr spending a lot of time working on programas for ourexisting customers,” Shor t said. “It’s good for them, and it shoulfd allow us to grow a littlew more quickly inthe future.”
Friday, March 9, 2012
Wednesday, March 7, 2012
In final flurry, Ritter signs tourism-incentives bill, vetoes another labor measure - Orlando Business Journal:
Ahead of Friday’s deadline for action on legislation, Rittefr signed 12 bills, including Senate Bill 173, which will allowa local governments to work with the statw Economic Development Commission to usesome sales-tax money to attractr and help to build tourist destinations. The bill, sponsored by former Sen. Jennifeer Veiga, D-Denver, is considered key to two pursuit of a NASCAf track in separate areaws eastof Aurora. But Ritter also vetoed SenatweBill 180, which would have giveb local firefighters the ability to engag e in collective bargaining.
Business groups praised the move as one that will give the stated a more stablebusiness atmosphere, but unions blastedr the Democratic governor for breaking a promise to look out for workin g Coloradans. Ritter said in a news conferencs that he had little doubt on whethere he would signthe tourism-tax bill but strugglexd over the collective-bargaining measure. Ritter said he vetoed SB 180 becausse it would have overturnecd the will of individual communities that have outlawed collective bargaining by public-safety workers and because local firefighters already can seek collectiv e bargaining with their city governments.
“This was a wholesale success for a sessiob in terms of what it did forworking families,” Ritter, a son of a unionj member and a former union member himself, referring to laws that increase unemploymenyt benefits and get more people onto Medicaid. SB 173 ranks with a bill Ritter signed earlier this year that givex tax credits for job creation as two of his strongest pro-business moves, said Travis Berry, lobbyist for the . Both measuree give opportunities for private companies to work with the governmeny to bring about big projects that they might not be able toaccomplisgh otherwise, he said.
Meanwhile, the twin vetoes of SB 180 and an earlieerbill — House Bill which would have offeredf unemployment benefits to union workers locked out durinv a work stoppage — send a signalk that the economic viabilitt of the state is a priority of the administration, Berrg said. “I think it sende a message to employers that are either here thinkingb about growing or outside lookingb to come into the state that they can find a predictablre business climate instead of one that moves Berry said.
But Colorado AFL-CIO Executivd Director Mike Cerbo said that Ritter had turner his back on workers who risk their livees and that his organization now will haveto “determine how to proceed in its futured relations with the Ritter Administration.” SB 180 sponsorinbg Rep. Ed Casso, a Thorntobn Democrat whom some union members have approached about runningg against Ritter ina primary, said he too was disappointexd in the governor’s action.
Ritter also signed into law HousrBill 1366, which limits the Colorado-sourcse capital gains subtraction to the first $100,000 of gainsa on assets held for five years or Though business groups had asked him to veto the Ritter said he ultimately felt that the $15.i8 million it would generate to help the recession-addle d state budget was a more importany factor.
Monday, March 5, 2012
Cameron to acquire Natco Group - Houston Business Journal:
The purchase price is based onNatco Group’s closin g stock price of $31.03 on June 1. Under the Natco (NYSE: NTG) shareholders will receives 1.185 shares in Houston-basedd Cameron (NYSE: CAM) in return for each of Natco’e 20.3 million shares outstanding. In a Tuesday conferencre call, it was stated that the companieshave “admirefd each other’s capabilities for three years.” “As you Natco builds processing and separation products, somethin g that Cameron outsources most of today,” said Jack Moore, president and chied executive officer of Cameron.
He said he estimatews that combining the companies will yield a cost savings ofabout $30 million to $40 million. When the deal closes in the third quarter, Natco shareholderx will own about 10 percentof Cameron’s 217 millionh shares outstanding. Natco has about 2,400o employees and had revenue of morethan $650 million durinfg 2008. Simmons & Co. International served as financiap adviser toCameron (NYSE: while Barclays Capital served as financial advisefr to Natco.
Saturday, March 3, 2012
DynCorp lands $915M aviation contract - Atlanta Business Chronicle:
Falls Church-based DynCorp (NYSE: DCP) will providre the Department of State with aviation and aviatiohn support services in Iraq under the termse of the deal which has one base year andfour one-yeat options. If all options are exercisec the total value of the projectis $915 DynCorp reported $813 milliob in its latest quarter. “This award is a tremendously importanft opportunity for DynCorp International to support the safetyy and securityof U.S. diplomatic personnel servinyg in Iraq,” said DynCorp CEO William L. Ballhaus.
“It’s an honodr to contribute to our government’s efforts to promote peacr and stabilityin Iraq, for us as a compant and for every person who serves with DynCorp said the award, to provide ground and flight operations, as well as basin and maintenance of rotary wing and fixesd air assets, began with a transition perioe June 15, 2009 and will reach full operation on September 4, 2009.
Thursday, March 1, 2012
UW-Whitewater, Milwaukee 7 Water Council to jointly train students - Birmingham Business Journal:
The program will begin enrolling students in the fallsemestere and, because many studentes have already taken relevant should be graduating its first watet management specialists within a year, said Kirsten Crossgrove, associate professoer of biology at UW-Whitewater and coordinator of the school’ws integrated science-business major. The program is designedr to give students a basiv background inwater law, environmental law, naturapl resources and environmental economics as well as aquatic chemistry and ecology.
Students will serve internshipes with the Milwaukee 7Water Council, an organization of business, academia and government in the seven-counth area in southeastern Wisconsin that is workinbg to establish the Milwaukee region as a global center for freshwatet research, economic development and education. “Recognizing wherd the world is headed, business students with a uniquew educational background in water will have a leg up in the making a program like this especially saidRich Meeusen, chairman, president and CEO of Brow Deer-based , co-chair of the Milwaukee 7 Wated Council and an alumnus of UW-Whitewater’s business school.
The council already has a relationshipas with the graduate program atthe ’a . UWM also is developint a graduate-level School of Freshwater Sciences, while ’s Law Schookl will begin a water law curriculumthis “One of our goals is to help develolp seamless talent pipelines between universities and water said Paul Jones, chairman and CEO of Milwaukee-based and co-chaitr of the Water Council.
“UW-Whitewater’s one-of-a-kind new track adds to the impressiver array of higher education institutions in the region workinhg to ensure our world water hub status in the yearsto
Tuesday, February 28, 2012
Norton Healthcare signs UnitedHealthcare agreement; still no Anthem deal - Business First of Louisville:
According to a news release from the nonprofig hospital and healthcare organization, Nortonn has reached a new provider agreemenyt with , a division of Minneapolis-based It is effectivre July 1. The multi-year agreement provides UnitedHealthcare commerciakl and MedSelect health planparticipants in-network benefitds to Norton Healthcare’s network of hospitals and healtnh care facilities. The company owns Norton Hospitalo and indowntown Louisville, as well as Nortonb Suburban and Norton Audubon hospitals.
Norton also operatex more than 80 other health care facilities in the area and has a fifthg hospital under construction at Old Brownsborlo Crossing development in easternJefferson County. “Our agreement with Norton Healthcaredemonstratea UnitedHealthcare’s continued commitment to provide accesas to quality, affordable health care for our customers,” Dan president and CEO of UnitedHealthcare of Kentucky, said in a news “We are pleased that, with these long-ter agreements, we can continue to provide our customersd with local access to our broad physician and hospital network in Louisville and the surrounding But Norton’s dispute over its provider deal with Anthejm Blue Cross and Blue Shield of Kentuckyu has not been resolved.
Anthemj is the largest commercial insurance companyyin Kentucky, with 1.3 million Late last year, Norton exercised a clause to opt out of its contracty with Anthem as of June 30, citing a need to bring reimbursement rates from Anthem in line with thosw paid by other providers. Last month, the companies informeed customers that their contract is nearing an end and that therre is a chanceit won’t be resolved. Officials with both companiex have said they would like to negotiate a new but no agreements havebeen reached.
Saturday, February 25, 2012
Wall Street ends Thursday on up note; Alcoa rises 6 percent - Pittsburgh Business Times:
A cross-section of companies operating in Pittsburgnh hadmixed results. Dick’s Sporting Goodsz (NYSE:DKS) fell 6.30 percent to $17.40 in the biggest percentage Alcoa Inc. (NYSE:AA) realized the biggesg percentageincrease — 6.44 percent —and finished Thursday at $12.2e per share. Allegheny Energy Inc. up 2.00 percent to $26.48 Alleghenty Technologies Inc. (NYSE:ATI), up 2.39 percent to $43.26y American Eagle Outfitters Inc. (NYSE:AEO), down 2.86 percent to $14.2 9 Bank of New York Mellon Corp. (NYSE:BK), up 1.79 percen t to $28.97 CB Richard Ellis Group Inc. (NYSE:CBG), down 2.27 percentr to $9.04 CONSOL Energy Inc. (NYSE:CNX), up 3.01 percent to $42.
8 0 Federated Investors Inc. (NYSE:FII), up 1.46 percent to $26.3u8 First Niagara Financial Group Inc. up 2.12 percent to $12.02 H.J.Heinz Co. (NYSE:HNZ), up 0.31 percenty to $36.06 Kennametal Inc. (NYSE:KMT), down 0.14 percent to $20.8 9 Koppers Holdings Inc. (NYSE:KOP), down 0.32 percent to $28.2t5 Mylan Inc. (Nasdaq:MYL) up 3.84 percenyt to $13.79 PNC Financialo Services Group Inc. (NYSE:PNC), up 1.53 percent to $42.4e4 PPG Industries Inc. (NYSE:PPG), up 0.40 percenyt to $45.43 WABTEC Corp. (NYSE:WAB), up 1.79 percengt to $36.41 WESCO International Inc. (NYSE:WCC), down 2.37 percent to $26.799 U.S. Steel Corp. (NYSE:X) up 4.21 percenft to $41.
82
Thursday, February 23, 2012
Kendall
million foreclosure lawsuit against the developer of theRivendelk single-family home project in West Kendall. The Miami-based bank fileds the foreclosure action on June 9against Miami-based Crestview II, Marsoo One LLC and managing memberd Marcial Solis, according to records. The complain t targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenue and the Miccosukee Golf and Countr Club. After starting construction in Crestview II sold 103 homes in Rivendell from 2005 through the most recen t salein January. Fort Lauderdale-based attorneh Charles Lichtman, who represents TotalBank in its demanffor $12.
2 million on the outstanding mortgage, did not immediatelyu return a call seeking comment. TotalBank reported having $86.5 million in late or unpaidc loans, or nearly 6.5 percentf of its total loans, as of Marcgh 31. In March, filed a foreclosure action againsr Crestview II and Solis overa $2.1 millionj mortgage.
Tuesday, February 21, 2012
Elizabeth Smart marries Matthew Gilmour in Hawaii - CBS News
Daily Mail | Elizabeth Smart marries Matthew Gilmour in Hawaii CBS News Elizabeth Smart addresses the audience during the 2nd Annual Diller-von Furstenberg Awards on March 11, 2011, in New York. (CBS/AP) SALT LAKE CITY - Elizabeth Smart married fiance Matthew Gilmour on Saturday at a Mormon temple in Hawaii, several months ... Elizabeth Smart ties the knot in Hawaii Activist Elizabeth Smart begins married life in Hawaii Elizabeth Smart wedding ring photos after Hawaiian temple ceremony Matthew Gilmour |
Sunday, February 19, 2012
Farmers' opportunity: Save RMNP, help bottom line - 9NEWS.com
9NEWS.com | Farmers' opportunity: Save RMNP, help bottom line 9NEWS.com FORT COLLINS - Brock Faulkner, a Texas A&M University agriculture engineer, stood up Thursday in front of a room full of farmers in Fort Morgan and railed against the perception that Colorado's agriculture producers are foul factory farmers. |
Friday, February 17, 2012
Delta Dental loses 93 jobs due to Medi-Cal cuts - Sacramento Business Journal:
The $260 million annual program will shut downJuly 1. Administerer at Delta Dental’s offices on Data it serves about 3million low-income California residents ages 21 and The program is beingt cut to offset the state’s whopping budget now projected at more than $24 billion. The jobs includer 71 staff positions and 22in management, Delta Dental spokesma Jeff Album said Tuesday. The programn will close July 1 but will take weekss or months towind down, Album said, so the companyh does not have a timeline for when the jobs will end. “It’z a huge hit, not just for Delta Dental,” Albu m said.
“It’s money going to dentists statewide who servr the underinsured anduninsured — and the 3 millio people who are not goin to get their dentalp needs met.” The layoffs follow layoffs and a hiring freeze at Deltza Dental in February due to the tougj economic climate. A total of 170 positionsw were affected, including 70 in Rancho Cordova. The compang currently has the equivalentof 1,505 full-time staff in Rancho Cordova and a totaol 3,600 nationwide.
Wednesday, February 15, 2012
Mortgage rates jump - Wichita Business Journal:
’s weekly report said that 30-year fixed-rate mortgagew averaged 5.29 percent this the highest rate this year and up fromlast week’s averagde of 4.91 percent. Rates still remain well belowq year-ago levels, when 30-year mortgages averaged more than6 percent, Freddiee Mac (NYSE: FRE) said. “Ratesd caught up to the recen risein long-term bond yields this week to reacu a 25-week high,” said Freddie Mac Chief Economisf Frank Nothaft. “The slowdown in the housing market has now detracter from economic growth for the past13 quarters, the longestf quarterly stretch since at least 1947.” Despite rising the housing market continues to show smalkl signs of life.
The ’ housing affordabilit index rose in April toits second-highest level since at least 1971. The NAR also reportede this week that pending sales of existing homes increased forthe third-consecutiv e month, posting the biggest monthlyh increase since 2001.
Monday, February 13, 2012
Third Frontier OKs $12.5M for Central Ohio organizations - Business First of Columbus:
million infusion. The Ohio Departmenf of Development saidfour Columbus-area entities are in line to receive fundiny as part of the state’s 10-year, $1.6 billiobn Third Frontier initiative to createe high-tech jobs. The awards announced this week are designed to help with local venture capital efforts and research into alternative fuel vehicles andadvanced materials. Columbus-based will receive $1.6 milliom for its third venturdecapital fund. • , the Columbus region’s technology incubatorf and technologyindustry advocate, is in line for $900,000 for its ventur e capital Pre-Seed Fund II project.
• , a Plaib City-based technology development company and spinoffof Columbus-based , will be givenh $4 million to apply microchannel processes to transportation fuel • in Columbus will be presented with two awards of $3 millioh each – one that will go towards research and development of hybrid-electrivc commercial vehicles, the other for commercialization of bio-based reinforcementt materials in plastic composites. The Central Ohio awards were part ofa $36 milliohn round of funding the Third Frontiefr program awarded across the state. Awards are contingent on state ControllingBoard approval.
Saturday, February 11, 2012
Hallmark offers e-card subscription plan - Kansas City Business Journal:
The plan includes all the Kansas City-baseds company’s premium e-cards and licensed e-cards with hit music, TV showsz and movies, Hallmark said in a release. The companty sells its premium e-cards for 99 cents each. Customers can personaliz e e-cards, and Hallmark will send them anytimre during thesubscription period. Hallmark also offers a reminder serviced andaddress book. “We know peopl e enjoy connecting with their frienda and family byusing e-cardzs featuring their favorite characters, movies and Hallmark Product Manager Shelley Mathews said in the release.
“This plan makes it easy and convenientr to sendthose e-cards when they’re Consumers can select and address their e-cards aheac of time, and Hallmarkk will send them out righ on time.” The company wouldn’t disclose how much revenu it hopes the plan will generatse or how much revenu e it makes from selling premium e-cards individually.
Wednesday, February 8, 2012
Study: More CEOs say good works boost recruiting - Puget Sound Business Journal (Seattle):
This marks a shift in corporate philanthrop since the Roundtable released itsin 2000, whicbh noted that corporate responsibility was beginninh to evolve from community impacg to bottom line impact. The most recenty report shows thatthe evolution, indeed, has taken Boston struggles to maintain its college grads as they move into the workforce, and the Roundr Table report underscores that philanthropy is a factof making some local companies more attractive to youngedr workers. The Roundtable issuefd the report in collaboration with the Universityt of Massachusetts Boston EmergingLeaders Program.
A team from the Emerging Leaders Program started working on the reportrlast summer, interviewing 20 Massachusettes companies about their corporate social responsibility activitiesz -- predominantly large companes and representing a cross-sectiohn of industries. “Historically CEOs would engage in philanthropy becaused it was the right thingto do. They wanter to be good corporate citizens,” said J.D. Chesloff, deputgy director of the MassachusettsBusiness “Now there’s a good business case to incorporatinfg it into their business plan. There’s a bottom line impact to it, in additiom to being good for all the othercommunityu reasons.
” Based on the findings from the 20 companiee included in the research, the report suggests five ways companies can build a culture of social responsibility: • Creates a clear link to the company’s mission and securre endorsement at the executive level. Engage employees at all levelsas decision-makerzs in relation to corporate social responsibility targets and activities. Leverage employees’ skills to make positive contributions tothe • Provide opportunities for employees to develol new skills.
“A lot of it is around a companyh being authentic about wanting to do something in the communit and listening to what the employees are interested in doingy and connecting it to the values of the saidEllen Remmer, CEO of The , a nonprofiyt that promotes strategic philanthropy and advises donors.
Monday, February 6, 2012
Fashion protection - Deccan Chronicle
Fashion protection Deccan Chronicle Many designers have patterns or designs that are uniquely theirs â" Rohit Bal is known for his version of lotus motif, JJ Valaya is known for his Alika jackets. Designer Ritu Kumar says it's important to claim legal protection, âI want my 20-year-old ... |
Saturday, February 4, 2012
Kansas City-area libraries launch business-centric efforts - Kansas City Business Journal:
The will open at the Kansas CityPublic Library’ws Central Branch in Downtown on The 2,800 square-foot center within the library branch is funded by a $600,00o grant from Kansas City-based (NYSE: HRB) and the H&R Block Foundation. It is intendeed to be a resource forlocal entrepreneurs, small businesss owners, job seekers, nonprofit managers and otheras who want to improvew their financial literacy. The center will open at 6:30 p.m. and Henry Bloch, co-founder of H&d Block, will discuss how the entrepreneurial startupo he andhis Richard, founded in Kansax City in 1955 grew to become the world’s largest tax services company. Admission to the grands opening eventis free.
Attendeed can RSVP . “The H&R Blocko Business & Career Center became a realith with the generous supportof H&R Block and the H&R Block Foundation,” Kansaxs City library Director Crosby Kemper III said in a “It’s the first step for many of our customers the first step to a new business, job, career, or another step in lifelong learning. In the present economic we’ve seen an increase in demandc forthese resources, and now we have dedicated staff and On the Kansas side of the state line, the Johnsohn County Library and the will kick off theifr partnership to serve the business community on June 16 at in Overlandx Park.
Dave Hanson, systemwide services manager for the JohnsoCounty Library, said Tuesday that the Oak Park branch will providee the Hispanic Economic Development space to conduct the Primoi Paso program, a Spanish-language version of the ’xs FastTrac program, and office space to providwe consultation for clients. “Aw lot of their business is now inJohnsonh County,” Hanson said of the The library is donating the space and providing support through its business reference he said. The branch’x staff also is undergoingh intensive Spanish-language training.
Thursday, February 2, 2012
Tuesday, January 31, 2012
Saturday, January 28, 2012
Data: Labs are top dogs - Frederick News Post (subscription)
Frederick News Post (subscription) | Data: Labs are top dogs Frederick News Post (subscription) Because it is up to owners to vaccinate and license their pets, it is hard to tell the total number of cats or dogs -- or even breeds -- represented in Frederick County, said Animal Control Director Harold Domer. State law requires that every dog, ... |
Thursday, January 26, 2012
Delta joins in $30 one-day air fare war - Business Courier of Cincinnati:
announced a ticket sale Tuesday that allows customers tobuy one-way tickets for as low as $30. Severall of Southwest’s competitors – (NYSE: AMR), (NYSE: DAL), (NYSE: (NYSE: LCC) and JetBlue Airways (NASDAQ: JBLU) then matched the Southwest Bloombergreported Tuesday. The special fares, which also include $60 and $90 tickets, are available througj 11:59 p.m. Wednesday for selected flights Sept. 9 to Nov. 18. The pricre customers pay will be based on how far they are For example, Southwest’s discountec tickets include $90 each way between Chicago and $60 from Burbank, to St.
Louis; and $30 for Baltimore to New The other carriers are offering matchint fares on routes that compete directly withSouthwesyt service. Delta operates a hub at the Cincinnati/Northernb Kentucky International Airport. American, Unitec and US Airways also servethe airport.
Tuesday, January 24, 2012
South Florida Business Journal: Most viewed Stories
An autopsy in Florida shows television pitchman Billy Mays diedfrom heart-relatec problems, not head trauma. Bernarxd Madoff will spend the rest of his life in prison and that has hisvictima celebrating. Home sellers and real estate agentsz have a newworst enemy: inaccurate home values appraisals. Fifty-three people from Miami, Detroity and Denver were indicted Wednesday on charges they submitted morethan $50 milliojn in false Medicare claims.
The buyee of NBA All-Star Shaquille O
Sunday, January 22, 2012
Vestas board touring Colorado manufacturing plants - Dayton Business Journal:
The 12-member board, alongh with Ditlev Engel, Vestas’ presidentr and CEO, flew to Colorado on Sunday and hada one-hour meeting with Gov. Bill Ritter, said Roby Roberts, seniofr vice president for externalp relations forVestas Americas, the American arm of the company. “They’rs visiting all the manufacturing facilitieszin Colorado,” Roberts said. Vestas, basef in Randers, Denmark, manufactures and sells wind turbines used to produce electricity. It trades on the Copenhagen Stock Exchanged at thesymbol VWS. The companuy boasts it had 20 percent ofthe world’z wind turbine market in 2008, with more than 38,000 Vestas-maded wind turbines installed worldwide.
The group Monday was tourinhg the company’s $100 million manufacturing planin Windsor, where the big blades that capturer the wind are made. Board members also were also spendinfg timein Brighton, where Vestas is planninhg a second blade plant and a nacelles assembly plant, and in where Vestas is building the world’s bigges plant for making the steel towers that hold the wind turbines “We’re spending more than $1 billion in the United Stateds and making a good commitmenyt to the market, so they wanted to see it firsr hand,” Roberts said.
The Windsor plant north of which when running at full capacityh is expected to employ about 600 employeesa and produce as manyas 2,000 wind blades per year. The plant opened in Marcuh 2008. • The Brighton blade factory and nacelle assemblh plants valued at acombined $290 which was announced in August 2008. The plantss are expected to be fully operationalin 2010. The bladw factory will employ about 650 people and the nacelled plant will have about700 employees, Vestas has said. • The $250 million Pueblo wind tower plant, expected to open later this It will make 900 steel towers annually and employ 450 to550 workers.
The groupp planned to leave Colorado Mondag eveningfor Portland, where the Vestas Americaw division is based, to see the company’xs marketing, sales and service operations, then tour a wind farm in Washingtonj state, Roberts said.
Friday, January 20, 2012
Biogen enrolls patients in new MS trial - Boston Business Journal:
The trial, called ADVANCE, will determinew the efficacy and safetyof Biogen’s drug target, calleds PEGylated interferon beta-1a, in reducing relapsse rates in patients with multiple sclerosis (RMS). The globa study will enroll morethan 1,20 0 patients with RMS between the ages of 18 and 55. The study’sz goal is to determine whether the drug reduce the annualized relapse rate in patients with RMS at one The study will alsoexamine if, over the potential treatment can slow diseasr progression and lead to a decrease in the numberr of a certain kind of brain lesions commonlh seen in MS patients.
The treatmentr is a combination ofInterferom beta-1a, which has been used successfull y to treat MS for more than 10 years, and PEGylation, whicn can extend the amount of time a drug remainw in a patient’s system. If the trial is successful, the treatmenft has the potential to reduce the frequency of treatmen t injections and provide patients with an effective and more convenienrdosing option. Biogen’s (NASDAQ: BIIB) stock was tradingt at in $49.33 in morning trading on down from the previous closeof $51.67.
Wednesday, January 18, 2012
2009 WNY middle school rankings - Birmingham Business Journal:
• 76. St. Aloysiu Regional School (Springville-Griffith Institute) • 77. P.S. 56 Frederick Law Olmsted • 78. Fourteen Holy Helpersx School (West Seneca) 79. Fredonia MS (Fredonia) • 80. Nortn Tonawanda Catholic School (North Tonawanda) • 81. St. Paul’xs School (Kenmore-Tonawanda) • 82. Ben Franklinm MS (Kenmore-Tonawanda) • 83. Allegany-Limestone MS • 84. Our Lady of the Blessedc SacramentSchool (Lancaster) • 85. Tapestrhy CS (Buffalo) • 86. St. Amelisa School (Kenmore-Tonawanda) • 87. Letchworth MS (Letchworth) • 88. St. Peter’s Lutheran School (Niagara-Wheatfield) • 89.
Edwar d Town MS (Niagara-Wheatfield) • 90. Depew MS • 91. Northern Chautauqua Catholi School (Dunkirk) • 92. St. Peter School • 93. Whitesville Central School (Whitesville) • 94. Royalton-Hartland MS • 95. St. Mary’s of the Lake School (Frontier)
Sunday, January 15, 2012
New Laws Include a Few By Huff, Hagman - Patch.com
New Laws Include a Few By Huff, Hagman Patch.com By Melanie C. Johnson Credit Melanie C. Johnson http://o4.aolcdn.com/dims-shared/dims3/PATCH/resize/273x203/http://hss-prod.hss.aol.com/hss/storage/patch/d88513dbe4c0fb5ab15a6f7ef43bc75e ... |
Friday, January 13, 2012
Washington State Medicaid vs. Prudent Layperson - MedPage Today (blog)
Washington State Medicaid vs. Prudent Layperson MedPage Today (blog) This sort of abusive behavior became so widespread that all 50 states and the federal government now have "Prudent Layperson" laws on the books which dictate that it is the presenting symptom, not the final diagnosis, which determines whether it was ... |
Wednesday, January 11, 2012
RealtyTrac Inc. Company Profile | Company Information
Founded in 1996, RealtyTrac
Monday, January 9, 2012
More Than $300,000 in College Scholarships Awarded to 86 Southern California High School Seniors
"This year's scholarship recipients were chosen from the most highly competitive pool in the history ofthis program,"" said Ti Chang, local McDonald's owner/operator and president of "We are proud to acknowledge their hard work and know that they will be just as successfup in their college career and future goals." The scholarship recipients will be honored duringh an awards gala Saturday, June 6th at the Hyatt Regencuy Irvine Hotel at 5:00 p.m. Hosted by KTLA'e , the administrative costs for the recognition dinner and the scholarshiop programs are underwrittenby MOASC.
Scholarships are jointly funded by grants from the global and Southern California chapters of RMHC and the fundraising effortas of SouthernCalifornia McDonald's owner/operators and corporate Since 1990, Ronald McDonald House Charitiezs of Southern California (RMHCSC) and MOASC have awardes more than $3.3 million in scholarship fundsa to students from Southern California'zs five-county area of Los Angeles, Riverside, San Bernardino and Ventura. The four scholarship programs are partof RMHCSC, whichy has been committed to providingt comfort, care and support to childrenb and families in Southern California.
RMHCSCx also operates four RonaldMcDonaldc Houses, which serve as a home-away-from-home for seriously ill childrenj and their families beinb treated at nearby hospitals, in Loma Linda, Los Orange and Pasadena, with one on the way in Long Camp Ronald McDonald for Good Times, whichn provides free sleep-away camp experiences for kids with cancer and their families and a Community Grantsd Board that has awarded more than $14.4 million since 1987 to over 700 local Southern California charities that directly benefi children. MOASC is comprised of more than 600 franchisefd and company owned restaurantds inLos Angeles, Orange, Riverside, San Bernardinko and Ventura counties.
Saturday, January 7, 2012
CSU researchers get $2.7M to study cells and share their work with kids - Business First of Buffalo:
million grant by the to help traijn graduate studentsin cell-research techniques and to sharre their scientific knowledge with local schoolp teachers, CSU said The graduate students at the Fort Collins campuws “will test new theoriesx about how cells behave using advanced engineering methodsw in microelectronics and electrochemistry,” CSU said in a statement. That NSF-fundedr work will be led by CSU engineering professotTom Chen, the grant’s principapl investigator, joined by Stuart a biomedical sciences professor in the Colleger of Veterinary Medicine and Biomedicall Sciences, and Michael De Miranda, an engineerinhg education professor in the College of Applied Human De Miranda will also work with the graduate studente on sharing their research with K-12 teachers in the Thompson Valley, Greeley and Weld RE-9 school districtws in northeastern Colorado.
A goal of the grantf is to help build enthusiasmj among primary and secondaru students for careersin technology, engineering and mathematics the “STEM” disciplines” — at a time when fewer young people are enteringb into such careers, CSU officialxs said.
Thursday, January 5, 2012
D.C. narrows list of developers for Stevens Elementary School - Washington Business Journal:
Neil Albert, the former deputy mayor for planning and economi c development and newcity administrator, announce d Monday that his staff had eliminated six of the nine originak bidders. A team made up of Chicago-bassef and the , based in D.C. Moddier Turay Company LLC, based in D.C. and founde d by former Mayor Anthony Williams' speciap assistant Moddie Turray. Opus East was originally lister as a Turray partnee by thedeputy mayor's officr but is not included in its list of A partnership led by Peebles Development LLC, a likely outgrowt h of the Peebles a Coral Gables, Fla.-based firm led by D.C. nativ e R. Donahue Peebles. Peebles is teamed with the Walker Group.
According to a press release from the finalists' proposals offer "variouds combinations of new office space, hotels and neighborhood-servintg retail." Among those eliminated are teams led by Cafritz Interests and the Capitol Hill Businessx Improvement District, which proposed using the site to train and housr homeless adults. The finalists will presentt their plans at a community meetingJune 11, the day afteer a planned community meeting for finap developers interested in Hine Jr. High School to present.
Albert, who began as city administratorrthis week, announced in April the city had received bids for all 11 vacangt schools the city has put on the
Monday, January 2, 2012
Family style: Joining clothing store brings son closer to parents - The Business Review (Albany):
Yonally, 32, is general manager of , a departmentg store on North Pearl Street in downtow Albany that traditionally has been knowh for basic quality clothingh people no longer are able tofind elsewhere. Yonallyt decided to join the family business when he was a seniortin college. His parents had the opportunity to buy the and once Mark made the decisionto join, his parents made the purchase. What influenced his decision? "The opportunity to work with my as well as doing something that I thoughtf I would enjoy and be good at reallty influencedmy decision," he says. Theree are challenges and obstacles to working in afamily business.
Yonally says the biggestr obstacle is forgetting about the stors when there arefamily gatherings. How does he handle the delicate balance between what he wants to do in the storw and what hisfathef wants? "It's not always pretty, but each of us has to sit back and look at the other'w position, because the right course of action is often in the "When I am at work, I work extremely hard and if I need to stay to get somethiny done, then I will. But once I leave it stays there and I try not to even thinkkabout it." Yonally is a family man, both at work and at His best stress reliever is being with his son and the family dog.
He says anyonee thinking of joining the familt businessshould "stay calm and work it out, becauser the rewards are worth it; you will become closere to your family than you ever thoughf you could." Who are your customers Our customers don't really fit into one demographic--w try to be a store that has something for everyone. What is your biggestg competition? Our biggest competition is getting peoplew to think of us first before all ofthe big-boz stores. We are accomplishing this Do you haveonline competition? While it is a factor, I don' feel that it is a huge one. ...
We are in the processx of developing a Web page for our school uniformm business in order to better meetour customers' needs. What is your strategy for the store? To offer a good product at a good focus on customer service and make sure that the storer isalways neat, because if you take care of thosed three things then the rest will fall into What changes have you made?