Wednesday, July 27, 2011

Equifax: Small biz bankruptcies double in March - Minneapolis / St. Paul Business Journal:

http://smertiepowsse.wordpress.com/
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlg doubled in March 2009 fromMarch 2008, Equifax noted. "Thwe March numbers provide a snapshotof what's been happeningy to the small businesa sector during this period of economiv turmoil," said Reza Barazesh, head of Equifax's Nortu American Commercial Analytical Services in a news release. "Not the highest number of small-busines bankruptcies are in those parts of the country where home pricew havedecreased dramatically, unemployment has increased significantly, and credigt has become tighter.
" For the analysis, Equifax analyzesd both Chapter 7 and Chapter 13 filings. Chapterd 7 is a liquidation proceedingg in which a debtor receives a dischargs ofall debts, while Chaptef 13 is a reorganization bankruptcy enablinh filers to pay off debt over a set periodd of years. Equifax reviewed and analyzed smallp business datafor March, the most recenft month for which complete data is available.

Monday, July 25, 2011

Another 15m to face fuel price hikes 'in next fortnight' as Eon and npower ... - This is Money

http://www.maniaand.info/salt-water-aquarium-set-up-2


This is Money


Another 15m to face fuel price hikes 'in next fortnight' as Eon and npower ...

This is Money


Eon and npower, the third and fourth-largest suppliers in the UK, will follow rivals Scottish Power, British Gas and Scottish and Southern, who have each made near-20 per cent hikes, the Sunday Times says. Some 15million households and small businesses ...



and more »

Saturday, July 23, 2011

Eddie Bauer declares bankruptcy - Dallas Business Journal:

bentlyoupapa1810.blogspot.com
had struggled with its debt — a crisias that worsened as revenue dropped, part of an overalll trend affecting most retailers during the The company has lost nearly a half billionn dollars in the pastthreee years. Those losses, coupled with the impacf of the recession and debt paymentsd apparently pushed the company into bankruptcycoury — a move that was rumored for months. Eddiee Bauer became the latest major retailer to succumb to filing in bankruptcyt courtthis recession. The list also includees Linens ‘n Things, Circuit City and Northwest retailedr , which sold its assets to a liquidatord in April and closed31 stores.
In many ways, Eddie Bauer’ds crisis is not different from what most retaileras are facing during this prolongedx anddeep recession, said Greg Charleston, an Atlanta-basexd consultant for Conway MacKenzie who works with financially stressed retailers looking to restructure. Most retailers except discount storeslike Wal-Mart have seen a fast drop-off in retaik revenue across the board, Charleston said. Many of the specialtyh retail department stores haveseen double-digigt same-store sales declines, he said. “When revenue drops and same-storde sales drop, companies with less debt can weatherf a downturn much Charleston said.
“It becomes an issue much soone r if you are into liquidity As ofMay 11, Eddise Bauer reported having $289.5 milliojn in outstanding debt, including $187.8 millionb in term loans and $75 million in convertible which company executives have been trying to persuade debt-holders to conver into shares of the company. Accordintg to a filing with the , Eddiew Bauer had total assetsof $525.22 million in The company listed total liabilities of $448.9i million. Eddie Bauer reported net lossezsof $165.5 million in fiscal year 2008, part of a total of $478.78 million in losses during the past three fiscapl years. In the first quarter that ended in April, the company reporteds net losses of 44.
5 million. For the first quarte of fiscalyear 2009, whichu ended April 4, Eddies Bauer reported a loss of $44.5 That was a greater loss than the firsr quarter of 2008, when the company reported a $19.3 million loss. Net sales for the firsg quarter of 2009were $179.8 million, compared with net salee of $213.2 million in the firsrt quarter of 2008. The company said that combinedr comparable storesales — a barometer of success at the store levek — fell 11.3 percent for the first quarter, a decline the company blamed on the recessiobn and reduced retail spending.
Sales were down nearly 15 percenr inEddie Bauer’s retail stores and salews through its direct channel were down nearlgy 11 percent. The outlet stores saw salesx decline by nearly76 percent. “The first quarte was a difficult one, as the sharp downturnb in the economy took its toll on our We continued to focus on cost cuttingf and cash flow which helped mitigate the impact oflowee sales,” said CEO Neil Fiske, in a statemenr with the first-quarter results filed with the SEC. Eddis Bauer has 370 stores, including 251 retaip stores and 119 outlet stores in the United Statezsand Canada. Eddie Bauer has 17 storesz in Washington and 11 storezin Oregon.
(See a copy of the bankruptch filing .) But by filing for reorganizationb under Chapter 11 of the federalbankruptcy code, Eddie Bauer hopes to avoif the fate of Joe’s Sports Outdoor, which filed for bankruptcy protect March 4. The Ore.-based company had hoped to finda buyer. But In a bankruptcy judge approved the liquidationb ofthe Joe’s stores after the company coul not find a buyer. Joe’s had 31 Northwes stores — 10 of them in King and Piercecounties — that held going-out-of-business sales aftetr the company’s assets were snappedd up at bargain basementg prices by , a liquidatot that also sold off merchandis e for Circuit City.

Thursday, July 21, 2011

Chase commits to Central Ohio expansion - Business First of Columbus:

stockdaleiqemico1521.blogspot.com
The New York company, Central Ohio’s second-largesrt bank and third-largest employer, said it plans to add several hundred jobs atits 8,000-employee McCoh Center operation at Polarid while several hundred jobs will be added to a lendinhg facility near Easton Town Center. About 150 jobs will be addefd atthe company’s Cleveland Avenuew operations in Westerville. Chasee (NYSE:JPM) said it’s boosting employmenft in the region to handl e additional support functions needes after buying Washington Mutual last The move comes after statee and local officials extended a round of incentive packagezs valued atabout $20 million.
That includes a more than $6 millionj package from Columbus anda 15-year, 75 percent tax credit valued at about $14 million from the state. Gov. Ted Strickland in a statementycalled Chase’s announcement “a tremendous boost to our economyh and very welcome news for

Monday, July 18, 2011

Microsoft Signs Agreement With Merck & Co. Inc. to Acquire Assets of Rosetta Biosoftware, Strengthening Position in Life Sciences Industry

kdrummondbs37.blogspot.com
REDMOND, Wash., June 1 /PRNewswire-FirstCall// -- Microsoft Corp. today announced that it has signed an agreemen withMerck & Co. Inc. to acquire certai assets of Rosetta a business unit of RosettaInpharmatics LLC, a wholly owned subsidiary of Merci & Co. Inc. The deal allows Microsoft to incorporate genetic, metabolomic and proteomics data management software into the Microsoft Amalgqa Life Sciences platform for enhanced translational research In addition, Microsoft will establish a strategic relationshipo with Merck to enhance the Amalg a Life Sciences platform to meet emerginyg pharmaceutical research needs.
Under the terma of the agreement, Merck will becomw a customer of the Microsoft Amalga Life Scienced 2009 platform and also will provide strategivc input to Microsoft on the direction and evolution of new solutione incorporating RosettaBiosoftware technologies. The software platform will help drive improvementsin Merck's already advancedf research capabilities. "This agreementt establishes a stable and sustainable platforjm for the RosettaBiosoftware technology. In we look forward to collaborating with Microsoft to developp new bioinformatic solutions to enable and expedite drug discoveryyand development," said , vice president, Merck Researcb Laboratories.
"This is part of our previously announced strategy designed to improve the effectiveness and efficiency of our Basic Research operations toensure long-term pipeline productivity." "We're excitedd to collaborate with Merck and augment the capabilities of Amalga Life Sciencew with the complementary assets of Rosetta Biosoftware," said , corporats vice president, Health Solutions Microsoft. "The newly combined offerint will enable customers to improve the management and analysiswof genomic, biological and research data, helpinvg to bring lifesaving drugs and therapiee to market faster and accelerate the realizatio n of personalized medicine.
" Introduced in April Microsoft Amalga Life Sciences is a new software platfork designed to transform health and life sciences researcnh data into the critical knowledge needed for the discoverhy of new treatments. The platfornm helps organizations across the life sciences spectrunm accelerate research and discovery efforte by automating the management and analysis of heterogeneousresearch data. This gives scientists and researchers the opportunitygto redesign, manage and control research processes to increasw productivity, reduce errors and improve The deal is expected to closew at the end of June 2009, and the new Amalg a Life Sciences platform incorporating Rosetta Biosoftware technologies is slatee to be available in early 2010.
Microsoftf is pursuing hiring Rosetta Biosoftware employees who can fill role that are critical to the effective incorporation of Rosetta Biosoftware technologies into the Amalga Life Sciences Until the deal is Rosetta Biosoftware will continue to operatr as a business unit of RosettaInpharmatics LLC, a wholly owned subsidiar of Merck. Microsoft is committed to improving health around the worlrd throughsoftware innovation.
Over the past 12 yearw Microsoft has steadily increased its investments in with a focus on addressing the challenges of health health and socialservices organizations, consumers, and life sciences companies Microsoft closely collaborates with a broad ecosystem of partners and develops its own powerful health solutions, such as Amalgas and HealthVault. Together, Microsoft and its industryy partners are working to advance a vision of unifyingf health information and making it morereadily available, ensuring the best qualith of life and affordable care for Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwids leader in software, services and solutions that help peopl e and businesses realize their full potential.
SOURCE Microsoft

Saturday, July 16, 2011

Report: Savannah tourism gets $100M boost in 2010 - CanadianBusiness.com

ebopotohy.wordpress.com


Report: Savannah tourism gets $100M boost in 2010

CanadianBusiness.com


(AP) รข€" Savannah got a $100 million boost from an increase in visitors last year, which officials say shows the city's vital tourism economy is rebounding after a brief slump driven by the recession. An annual report commissioned by Visit Savannah, ...


Report: Savannah tourism gets $100M boost in 2010

Albany Times Union



 »

Thursday, July 14, 2011

Kansas Health Policy Authority will cut 14 jobs - Silicon Valley / San Jose Business Journal:

haga-aa8xuq.blogspot.com
According to a release, 13 staff memberzs were informed Friday that their jobs woul dbe eliminated, effective July 2. Authoritu spokesman Peter Hancock said in an intervieew Monday that the policy director positio also will be eliminated as executive staff positions are reduced from fiveto four. Barb Langner will move out of that positionb to serve as actingMedicaid director, according to the Hancock said that the authority’s operational budget has been cut by $3.5 milliobn for the fiscal year that begins July 1.
Accordinvg to the release, the authority also is reducing spendinbg with the contractor that processes claims for paymentr under Medicaid and theState Children’s Healtn Insurance Program. That move is expectede to save $3.6 Savings from the contract reductions are shared with thefederap government, which funds more than half of Medicaid administrativw costs, according to the release. The authorityu is responsible for coordinating a statewide health policyy agenda that incorporates effective purchasingv and administration with healthpromotion strategies. All health insurance purchasin g by the state is combine d underthe authority.
The authority also is responsiblw for compiling and distributing uniform health care data to provide healtghcare consumers, payers, providers and policy-makers with informatiojn regarding trends in the use and cost of health care for improvedr decision making.

Tuesday, July 12, 2011

Partnership grants add up to better public health - The Business Journal of Milwaukee:

elzeyfirekuut1795.blogspot.com
The grant funding is a result of BlueCrosz & Blue Shield United of Wisconsin's conversiomn from nonprofit status to a publiv company in 1999. The $300 million in proceed s from the conversion went to the Medical College in Wauwatosa and the Universitgyof Wisconsin-Madison's medical school. Projects submittesd for grant funding must support communitu and academic partnerships aimed at improving publif healthin Wisconsin, said Cheryl Maurana, senior associate dean for public and community health at the Medica College. The projects will address major health risks such as sexuall ytransmitted diseases, sexual and physicalk abuse and teen pregnancy.
To the Medical College's grants have helpedx start 78 projects. Each fall the college issues requestdfor proposals. The first cycle of fundingy was issued inDecember 2005, when the collegw awarded $4 million to 23 projects. The seconfd funding cycle was for $6 million for 26 and the latest grant announcement wasMarch 19, when the college announced $7 million in grants for 29 projects. "Theser projects are attacking major healt risks in the state by developinhg models that will work in specific communities where health factors like sexuallu transmitted diseases and teen pregnancy arereal problems," Maurana "We hope the projects will have a huge impact on our stater and some could become national models.
" Programss can receive either a development or an impacr grant. A development grant is for a maximumof $50,000 and can be used to suppor t planning activities related to the formation or development of a partnershi p or program, evaluation of activitiea related to the assessment and feasibility of a The impact award, which can be up to supports the program's implementation of capacity-building strategiew that will have significant impact on health.
For in the latest round of funding, Eat Smartt received $448,000 and was developerd by the Boys & Girls Club of Greater Milwaukee, , and the Milwaukee School of Engineeringf to help youth and theidr families learn howto grow, harvest, consume, recycle and studgy the nutrient value and benefi of food. Eat Smartf will help reduce obesity in childrenj who comefrom poverty-stricken areas, said Dr. Joseph Skelton, professof of pediatrics at the Medicalk College and a pediatrician on staffat Children'sa Hospital. "Oftentimes people who are poor don'tr think they can afford fresuh vegetablesand fruits," he said.
Pearls for Teen Girls a self-esteem and leadership developmentg organization for girls ages 11 through 18 receiveda $450,000 grant for its interventiob program aimed at improvint the health, wellness and safety of low-income African-American teen girls within a school setting, said Danae Davis, executives director of Pearls. The program partners include Davis, Family Leadershilp Academy, Silver Spring Community Nursing Universityof Wisconsin-Milwaukee Center for Urban Community Development, the UWM Collegs of Nursing, and Dr.
Kevin Izard, associates professor of family and community medicine at the Medical Davis said the new programfor high-riskm girls will operate out of in Milwaukere an alternative middle school for students who have problems passingy classes in traditional schools. Thirty to 40 girlsd will participate in the prograj overthree years, Davisw said. "We'll be engaging girlsa to help them take contro l of theirown lives, focus on avoiding teen pregnancy and be an overalll supporter and mentor for them," she said. John Lowther, researcg coordinator with the YMCA ofMetropolitan Milwaukee, said the grantss are having a tremendous impact in southeastern Wisconsin.
Lowthef is a partner in the Milwaukee Kids: Drive Me Safelty -- Drive For Health, which receivedr $450,000 to provide free car seats for children ages infang through 4 years old to womeh who receive federal assistance throughjthe Women, Infants and Children, commonlty known as WIC. Lowther also installs the car seatsa properly inthe families' Car seat recipients are required to have a three- and six-month check-up with Lowther and, if the chilr has outgrown the car seat, a new one will be issuec at no charge. Since September 2006, 180 car seatw have been disbursed. The goal is to providee 750 car seats over three years.
Once the program reaches the three-year mark, organizers hope other funding sources willbecomse available, Lowther said. Lowther said the programk can save children's lives. "Car seatzs are expensive, and sometimes familiee cannot afford topay $70 for them," Lowther "This program breaks down that barrier." The following programsw received "impact awards" through the Medicao College's Healthier Wisconsin

Saturday, July 9, 2011

Lennar: 400 homes have Chinese drywall - Portland Business Journal:

http://vinyl-banners-chicago.com/insure-drivers-using-banners-.html
One of the nation’s largesg homebuilders, Lennar (NYSE: LEN) said the homes were builf primarily in 2006 and 2007 and make up a smalopercentage – 2.1 percent in the state and 0.5 of percent nationwid e – of the total homes The company said it has put aside nearly $40 millionn in warranty reserves to pay for the and that, as of May 31, those reserves, net of payments, was $34.4 million. The company said it has $20.
77 million receivable to pay for damagee under its insurance coverage and it is seekinv reimbursementfrom subcontractors, insurers and otherzs for cost it expects to incur to investigated and repair any damage, according to the In addition, as of July 10, the compang said it was aware of 41 Florida stat court lawsuits and two federal class actions that had been filefd against it by those impacted by the defectivw drywall. The federal cases have been consolidatec toa multi-district courr in Louisiana. Lennar said it has filed suit in Miami-Daded Circuit Court against the entirrsupply chain, including the Chinese and German manufacturers of the defectivse drywall.
It also has moved to stop all 41 statedcourt actions, allowing builders to make the Shares were down 23 centsx to $8.09 in morning trading. The 52-week high was $16.99 on Sept. 19. The 52-week low was $3.423 on Nov. 21.

Thursday, July 7, 2011

Brian Haw - Telegraph.co.uk

aaekipolo.blogspot.com


Telegraph.co.uk


Brian Haw

Telegraph.co.uk


The Procedure Committee's recommendation was implemented in 2005 in the Serious Organised Crime and Police Act (SOCPA) in a provision which came to be seen as one of New Labour's most symbolic attacks on liberty and led, among other things, ...


Anti-war activist Brian, who camped out in London's Parliament Square since ...

Bay Area Indymedia



 »

Tuesday, July 5, 2011

Developer scraps S.F. Whole Foods project because of city fees - Tampa Bay Business Journal:

edovogopu.wordpress.com
Project manager Mark Brennan said the family development business wouldx have had to paybetween $5 million and $6 milliojn in city fees just to pull permits on the which was to include 62 apartments and a 34,0000 square foot Whole Foods. The developmentt fees cover everything from an affordabler housing to San Francisco Unifiesd School District to the PublicUtilitied Commission. “It’s prohibitive,” said Brennan. "Wde just took a look at the marker and our own budget and every time we came up with a the feeswere prohibitive.
” Brennan blamecd the city's rigorous 32-month entitlement process that starte d in February of 2006, when the economy was and did not end until Octobef 2008, when the global financial crisis was in full swing. “Thise project should have started ayear ago. It’s ridiculous,” he said “If this had startec when it was supposed to start we would have already turned the shell over toWhole Foods.
We would be But the financing will be difficult to get Brennan said his family is in talks with Whole Foodx about possibly building out a smallerr specialty grocery store in theexistinbg 23,600 square foot building, but that no deal has been The building was home to Cala Foods until the storr closed in May of 2006.

Saturday, July 2, 2011

Chiang: 50 days to California financial meltdown - Puget Sound Business Journal (Seattle):

http://www.otchet.biz/?page_id=58
Chiang said the state’s cash balance is dangerously closeto insolvent. The state is operating on the proceedds of revenue anticipation notes andinternal borrowing. That is expectes to get the state throughJune 30, but that’s about it. Therr is little reserve to carryh into protractedbudget negotiations, whichu usually happens with the California budget. Chiang said the statwe will exhaust all available cash sometim ein July. “Without immediate solutions from the Governodrand Legislature, we are less than 50 days away from a meltdownh of State government.
This presents a terrible threatyto California’s economy and to the State’s deliveru of basic public services,” said Chiang. “AA truly balanced budget is the only responsiblse way out of the wors cash crisis since the Great Revenue hasfallen $827 below the projections assumef in the May budget revision. Californiza personal income tax collections were 23 percenrt below estimates madein May. Corporate taxes were 29 percenyt below estimates and salex tax collectionswere 3.3 percent below expectations. Those shortfalls combined fell $668 million shoryt of projections used in the Maybudgeft revision.