Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance Houston Chronicle “When 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). “However, today, we are glad ... |
Friday, March 30, 2012
Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance - Houston Chronicle
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Wednesday, March 28, 2012
After consulting Parcells, and with suspension looming, Payton, Saints focus ... - Washington Post
8511ysu.blogspot.com
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:
exceeding-commissioner.blogspot.com
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.
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):
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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.
”
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
ejoxot.wordpress.com
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.
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
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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:
idozxun.blogspot.com
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.
”
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:
artemchuksykitas.blogspot.com
, 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.
, 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)
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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:
ivyhofy.wordpress.com
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.”
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:
amesit.wordpress.com
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.
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:
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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.
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:
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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.
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:
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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
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
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