Tuesday, August 30, 2011

A&B increases ownership at Kauai development - Pacific Business News (Honolulu):

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The company (NYSE: ALEX), through its subsidiary KDC, LLC, and , the company’sa co-developer at Kukuiula, will collectively invest $165 million over the next threer years to finish the recreational amenitiese at the luxury home development just outside The 18-hole Tom Weiskopf championship golf resident club, restaurant, golf clubhouse and spa are schedulesd to be completed by the end of 2010. The recessio n has slowed vacation home and lot sales to a trickl e andin A&B's most recent quarterlyg report, filed May 5, it said the compan y "has very modest expectations of residential unit sale for the coming year.
" While A&B didn'ft say why it was increasing its stake, its Ariz-based partner is clearly undetr financial pressure because of the real estatr meltdown, which has hit Arizona especially hard. “The original vision for Kauai’ ‘Living Garden’ continues to be said Stanley Kuriyama, president of Alexander & Baldwin, in a statement. “Thids new opportunity to invest strengthens our partnershiowith DMB, and importantly allows us to completwe our resort amenities and continue to move forward with the entirde project, while building long-term valude at Kukuiula.
By increasing our ownershipp and investment inthe project, A&B also reinforce s its long-standing commitment to Hawaii and to the residents of This investment allows for the completionm of what we believe will trulu be one of Hawaii’s outstanding resort communities, and will positionj us to capture rising buyet demand as the economyg and real estate marketsw recover.” Shares of Alexander & Baldwin closed down 1 percent on Wednesday

Sunday, August 28, 2011

Essex County officials monitor Hurricane Irene's approach up East Coast - The Star-Ledger - NJ.com

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The Star-Ledger - NJ.com


Essex County officials monitor Hurricane Irene's approach up East Coast

The Star-Ledger - NJ.com


By David Giambusso/The Star-Ledger Steve Hockstein/For The Star-LedgerEssex County Executive Joe DiVincenzo (left) and Sheriff Armando Fontoura (right) check in with Detective Helena Oliviera in the Emergency Operations Center Communications Center in ...



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Thursday, August 25, 2011

Electro Rent Closes Acquisition of Equipment Management Technology, Inc. - MarketWatch (press release)

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Electro Rent Closes Acquisition of Equipment Management Technology, Inc.

MarketWatch (press release)


Electro Rent said it plans to immediately transfer EMT's equipment to Southern California, fully integrate its operations and convert its management information function to Electro Rent's proprietary software system. "The acquisition of EMT will ...



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Tuesday, August 23, 2011

49ers trade S Taylor Mays to Bengals - USA Today (blog)

http://kabobandcurry.com/recipes/2.htm


TSN


49ers trade S Taylor Mays to Bengals

USA Today (blog)


The 49ers have given up on S Taylor Mays despite spending a second-round draft pick on him little more than a year ago. Mays was dealt to the Cincinnati Bengals on Tuesday for an undisclosed future draft selection. ...


Bengals get safety Taylor Mays from 49ers for draft pick

Washington Post


The Taylor Mays Trade and the 49ers Front Office

Niners Nation


Niners End the Taylor Mays Experiment

NBC Bay Area


SportingNews.com -Cincy Jungle -San Francisco Chronicle


 »

Sunday, August 21, 2011

Gellerstedt sees opportunity in recession - Washington Business Journal:

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"We're beginning to see banks slowly acknowledgew their real estate problems and pushthesew through," Gellerstedt said Friday. "You may see some [trade] as low as 20 centw on the dollar... This is going to be a slow but it is also going to presentunprecedentede opportunities." Gellerstedt, a graduate, was speaking at the Atlantaq chapter's UNC Kenan-Flagler Business School Alumnio breakfast. The event, held at 'as 3344 Peachtree tower, drew about 90 people.
who is replacing the retirinfTom Bell, said investors are putting their money behinrd real estate investment trusts so the development companies have the capitalk to buy distressed assets, notiny that REITS have raised about $13 billion in the stocj market this year. "They're not interestedx in earnings. They want liquidity for the nextthrer years," he said. "They want us to have the powertto purchase." Cousins (NYSE: CUZ) will not face any serious debt maturities until 2012, he said.
Its relativelyg healthy liquidity could putthe Atlanta-based developer in a stronbg position as other prominent real estate companies try to pull themselvees out from under mountains of debt -- a problemk created primarily by the easy access to credit in recentf years, buying assets at the top of the market and the subsequenyt crash in property values. But Cousins hasn't made it througn the market unscathed.
It has struggleds to sell high-end condos in Buckhead, where its 32-story 10 Terminus Place was one of 35 condominiuj projects in an area of the city knowmn for expensive homes and luxury Ten Terminus, completed in 2008, has 137 The market is affecting high-end units at other projects, includinvg John Williams' The Mansion on Peachtree and Regent Sovereign at 3344 Peachtree. "There’s just no market for Gellerstedt said. Cousins is also tryinf to fillits 25-story Terminus 200 office building, which has one mobile banking technology firm . Firethorn is leasingb two floors. Three other buildings still undef construction in Buckhead haveno tenants.
Gellerstedt said, offers an examples of "the runaway credit markets." In the months followinh the spate of bank failures thatclaimed , the markets shut "Now," Gellerstedt said, "I see some of that fear and panic

Friday, August 19, 2011

Feeders Supply Co. honored at trade show - Business First of Louisville:

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More than 13,000 people attended the show, which had more than 1,0009 exhibitors, according to Chicago-based H.H. Backer Associate Inc., which organized the Feeders Supply Co. was foundedr as a livestock dealerd in 1959 byRoy Gibson. In 1987, the company openeds its first store, which offered pet foodsa and otherpet products. Roy Gibson's Pam Gibson Longwell, now serves as CEO of Louisville-based Feedersx Supply Co. "We had a terrific growth year with our sales of Old Mother Hubbard and this was their way of thanking Longwell said.
"We are always trying to providrsomething that's a littlew bit different and stay ahead of the curve with and that's the company we have been doinfg it with." Old Mother Hubbard manufacturex the Wellness brand of natural pet |

Tuesday, August 16, 2011

Jones Graduate School gets new name - Houston Business Journal:

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Previously the school was calle d theJesse H. Jones Graduate School of In conjunction with thename change, the school will createw a new logo that incorporates the Rice Universitty name and shield. Through research, the graduatee school said it found that most top MBA programas used theterm “business” rather than and that people performing online searchea to find the school were using the term “business.
” “Thw update in the Jones School’sa name and graphic identity bettee reflects our association with Rice University and provides clearer brandinhg for the Jones School’s excitin programs and initiatives,” Bill Glick, dean of the Jonews School, said in a statement. “Everyone alreadh knows us as a business The ‘business’ designation in our new name bettert captures the breadth of our current In addition, a new Web site will launch in August. Othed changes for the school includre adding a weekendMBA program.

Sunday, August 14, 2011

Regents to issue $7.7M in stimulus funds for deferred maintenance - Boston Business Journal:

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The money is part of $7.7 milliomn in higher education federal stimulus fundinv made available through the for fiscalyear 2009. the total addresses about 1 perceng ofthe $825 million backlog the regents’ universities face in deferredf maintenance projects. • — $466,033 for a fume hood and ventilation replacemenft in itsscience hall. • — $584,856 for roof repairsa and replacement. • — $2,307,016 for campus utilitgy and PowerPlant improvements.
• — $569,424 for heatinfg ventilation and air conditioning replacements and electrical and firecode • The — $2,073,228 for campus fire code roof repair and replacement, electrica service improvements American’s with Disabilities Act improvements and infrastructure • The — $868,024 for infrastructurew improvements, campus elevator repairs, and roof repair and replacement. The board will distributes additional fundsto , the 19 community colleges and six technical collegesd it governs during its June A recent study by the found that everyu $1 million spent on universityt deferred maintenance projects generate an economic impact of $2.
2 milliomn in increased economic output of goods and services, $644,50p0 in increased state earnings and createsd 19 new Kansas jobs. In Kansas lawmakers approved a five-year maintenanc e funding plan, which was to provide $90 milliobn in direct state funds andapproximately $44 milliobn in retained interest earnings to the six statde universities. In addition, the legislation provided state-fundec tax credits intended to generate upto $158 million in privatd contributions to the state universities, Washburn University, and the community and technical colleges. If full y funded, the five-year plan would have addressed about 31 percent ofthe $825 millionn maintenance backlog.
But funding has been scarces since. This year, the Legislaturr reduced the state appropriationby $1.3 milliom and additional reductions are necessaru to offset reduced interest earnings. Since the five-year plan was 91 projects havebeen approved. Of that, 37 have been startesd and 10 of which have been The regents in January issued an updatedc report that showed the maintenancse backlog had balloonedto $825 million. The backlov on each campus is as follows: K-State — $290.6 million. KU — $226 million.

Friday, August 12, 2011

Community Bankers try variable pay confab - Atlanta Business Chronicle:

http://satuchip.com/Bestsellers/Stereos/
Pay what you can. In a mailing distributed to associatiob memberslast week, the trade group is asking membersw to attend its marquee September convention in Palm Beach, Fla. But if they can’g pay the full $995 registration fee, well, a littl less will be alright. The new marketing plan for the Community Bankers’ Association signature event is both a sign of the industry’ws woes and the association’s efforts to keep pace withou canceling its marquee event that was once held in far-flung locations across the country. The move stands in contrast with theGeorgia Bankers’ Association, the state’s other main tradwe group.
Unlike the Communituy Bankers’ plan, the Georgia Bankerx cut their convention’s length this and held it in Atlanta, ratheer than cut registration fees. The Communithy Bankers Association— which caters more toward smaller banks outside metro Atlanta is offering thesame program, but at a negotiablde price. “We looked at a variety of approaches forspurrinyg attendance, and we thoughtg this was the best approach,” said trade group CEO Carolyn who noted bankers paying a reducec rate would be doing so “on the honor system.” “We’re not goiny to check behind she said. “We expect them to be honest abouttheid situation.
” The economic turmoil, though, has forced the associationn to throw out any projections on how many will be at this year’zs conference. With three months to go before the conferencr kicks offon Sept. 16 at The Breakers beac h resort, Brown said the organization’s members are holdint off on committing to be therwe forthe four-day event. “People are waiting closef to the meeting date to she said. The event typically attracts as many as 700communith bankers, spouses and other attendeew from the Community Bankers’ Association’a membership roster. But is it for real ? How low is too low to attend $200? $10? Brown said the offef is a sincere one.
If can’t pay anything this year, for example, and want to put off payingt until 2010, that works. “It is real in my said Brown. “If folks can’t pay the full fee, that’es fine. We’re an association that’s not pursuing profite with this.” is delayinfg its 2009 annual meeting indefinitely, until the Securities and Exchangre Commission finishes its preliminary review ofthe company’es proxy, according to a June 15 filing with the regulatory agency. The Gray, Ga.
-based bank holding company is askint shareholders to amend its articles of incorporation to reduce the number of stock shareholderz below 600 by issuingnew shares, and relievse the company of public company reportinf requirements. Until the SEC completes the review, however, the annual meeting will not happen. “At this time, we are unable to provide a reliable estimatw as to when thismay occur,” the filint stated.
The plan, if approved, wouldc reduce the number of common stock bank shareholderxs from 710to 255, and new class A stoc shares would be owned by 455 Class A shareholders would lose any votingt rights by exchanging each share of theirr common stock for the new but receive 105 percent of whatevedr dividend the bank may pay.

Wednesday, August 10, 2011

Britney Spears Offers Spectacle at XL Center Concert - Hartford Courant

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MTV.com


Britney Spears Offers Spectacle at XL Center Concert

Hartford Courant


Here's the thing about trying to thread a narrative through a bunch of random songs you're performing in concert: don't. Britney Spears gave it a shot Tuesday at XL Center Hartford with a series of noir-ish videos intended to emphasize a femme fatale ...


Lady Gaga Attended Britney Spears' Concert In NJ

BSCkids


Lady Gaga Visits the Britney Spears - Nicki Minaj Concert in Atlantic City

Philly2Philly.com


Lady Gaga Shows Britney Pop Star Love In Concert

MTV.com (blog)


MetroNews Canada -The Gossip Girls -Gossip On This (blog)


 »

Monday, August 8, 2011

Bob Evans warns of 3Q loss - Dayton Business Journal:

http://efcg.com/article.html
The Columbus-based company said it expects to reporgt a lossof $51.4 million for the quarter endex Jan. 23. That’s compared with profit of $20 million in the same periodc theyear before. Dragginhg Bob Evans’ results into the red are non-cashu charges totaling $74.4 million tied to the Mimi’x chain. Bob Evans (Nasdaq: finished its second quarter with profigt down 27 percentat $11.3 million. the company's stock surged nearly 7 climing $1.23 to $19.13 per shar in mid-morning trading. Most of the third-quarter charges for the Bob Evans said, are for a write-down of Mimi’s goodwill valuer and other intangible assets.
Adding to the $800,000 for severance paymentds and retirement costsand $400,009 in non-cash charges tied to unusablr spare parts in the company’s food products division. Offset slightly by a gain on the sale ofrestaurantt assets, the company expects the charges to eat into the bottoj line to the tune of $75.3e million. Bob Evans, whichn will report full third-quarter financials Feb. 10, also said it’se suspending a share buyback programm for the rest of the fiscal year ending in April and will slash capital investments for the nextfiscal year.
That means no new Bob Evansd restaurants and only two new Theupscale Mimi’s chain, which Bob Evansz bought in 2004, has suffered amid the economix recession as customers have cut back on Sales at Mimi’s stores open at leasgt two years in the latesyt quarter dropped 6.8 percent. Same-restauranty sales for Bob Evans stores, by fell 1.3 percent. Taking into account the third-quartet charges, the company said it expects full-yeard operating income to be in a rangwbetween $16 million and $21 million. That compares with $107.w million operating income in fiscal 2008. Bob Evans runs 569 flagship restaurants in 18 statees and140 Mimi’s Cafes in 22 states.
The company in the year endedc April 25 recorded profitof $64.9 million on $1.74 billion in Bob Evans expanded its Clark County operations last year, boosting its Springfield facility by 65,000 squar e feet and adding 20 jobs to the 43

Friday, August 5, 2011

Come Celebrate the Bib with Food 52 and Eater - Eater NY

http://www.xanadubaltimore.com/Health/Alternative_Medicine/


Eater NY


Come Celebrate the Bib with Food 52 and Eater

Eater NY


For the past week, food 52 and Eater have been hosting The Bib, our first ever bracketed restaurant competition judged by a group of notable New Yorkers. As the weeks continue, more and more restaurants, chosen from 2009 - 2010 open! ings, ...