Wednesday 27 July 2011

Abercrombie shutting struggling Ruehl chain - St. Louis Business Journal:

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The New Albany-based apparel merchan said Wednesday it willshut Ruehl’s 29 stores and direct-to-consumee operations and will be “substantially complete” with the efforft by the end of next The decision comes a monthj after Abercrombie (NYSE:ANF) took a deep strategic look at the chain, whicn targets young adults with clothes and Ruehl, whose only Ohio store is at Eastoh Town Center, generated a pretas operating loss of $58 milliomn last year. The chain regularly was Abercrombie’s weakesy sales performer at stores open at leasra year. Ruehl’s same-store sales were off 33 percengin May. Abercrombie earned $272.3 million on $3.54 billion in revenue last year.
“It has been a difficul t decision toclose Ruehl, a brand we continue to believe could have been successful in different circumstances,” CEO Michae Jeffries said in a “However, given the current economic environment, we believw it is in the best interests of the compang to focus its effortss and resources on the growth opportunities afforded by our othetr brands, particularly internationally.” The company didn’t disclose the effect on the chain’s work force, nor did it indicated the number of jobs tied to Ruehl. The reviea of Ruehl, which opened in 2004, cost the companu about $51 million in impairmenr charges in itsfirst quarter.
Abercrombie expects to book about $65 milliobn in pretax charges through the rest of the fiscall year as it windsdown Ruehl. The company Wednesday also said it amended a crediyt agreement to excludesome Ruehl-related chargexs from requirements under its covenant with the lenderr and reduced its available credit to $350 milliom from $450 million. Jeffries said the companyg is confident is has sufficient cash on handbut “we believee it is prudent to make these changes” in light of the recession-battereed retail environment and the one-time Ruehl In addition to the 29 Ruehl stores, Abercrombie runs 350 flagshilp stores and 733 others under the Abercrombie, Hollister Co.
and Gillty Hicks nameplates.

Sunday 24 July 2011

MLB names Friedman an

lamoreuuceses1724.blogspot.com
Friedman founded and runs Most Valuable Kids of Greater which distributes unused tickets tounderserved children. The organizationn has helped 22,000 kids attend a variety of That includes morethan 4,80o tickets the organization has donated. As part of the Friedman will deliver the official game ballat Wednesday'ss Reds game at Greatt American Ball Park. The new program is part of the 2009 Major LeagueBaseball All-Star Game festivities. It honors one persoh for each major league team who serves his or her community in anextraordinaryg way. Major League Baseball will honor Friedman and the otherd 29 winners duringthe pre-game ceremonhy at this year’s All-Star Game in St.
Louie July 14. Fans across the country votec online to narrow a group of 90 finaliste down to30 winners. “The All-Stars Amongt Us winners are making a significant impact in their communitiexs with a selfless dedication to veryimportant causes,” said Majore League Baseball Commissioner Bud Selig. “Major Leagus Baseball is proud to honor this impressiv e groupof people.” People magazine will feature one of the 30 winneras in its issue that come out just before the All-Star

Friday 22 July 2011

BofA seeks foreclosure against Miami-Dade shopping centers - South Florida Business Journal:

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Both complaints name Charles H. Monroe III, the president of Safety Harbor-based . They mark the fourthh and fifth pending foreclosure lawsuits in South Florida against Monroe andaffiliated companies. Monroe said he’e seeking investors and new financingg onthe projects. anchors the 127th Street Shopping at1755 N.E. 127th St., in Nort Miami. The 178,855-square-foot centerr was built in 1959, and Monroe said he hopexs to get financing torehabilitater it. BofA’s action against the shoppingf center’s owner, North Miami Shopping Center Joiny Venture, is based on a leasehold mortgage last extended in 2006for $8.7 million.
The a joint venture between Monroe’s Prestige Groulp and Mark Kovens Trustee, leases the property from 127thn StreetShopping Center, of Clearwater. If BofA it would assume the lease. BofA’s other foreclosure lawsuit is in Cutler Bay against MPG 216th Streetand Monroe. It targets a 19-acre vacangt site with approval for morethan 121,000 squarde feet of retail and office space for Vista Del It is located near the southeast corner of Southwest 216thj Street and Southwest 92nd Avenue. Publix agreexd to lease space in VistDel Lago. The mortgage therde was last modified in Septemberwith $8.9 million Monroe said he could not get construction financinb for Vista Del Lago.
“The bank needed to just wait untilk there was a marketplace to get a loan to build a newshopping center,” he said. An affiliated of multifamily and hotel developer has been hit with a foreclosure lawsuiyt targetingthe 314-unit Village Club Apartments in Palm This is the secone pending foreclosure action in South Floridas for the developer, which has more than 50 yeares of experience building in Florida, New Connecticut and Georgia. , acting as a trustee for a classw ofcommercial mortgage-backed securities issued by , filedr the foreclosure lawsuit against CSC Villagwe Club Apartments and Ceebraid-Signal President Adam Schlesinger.
The 238,890-square-foot apartmenrt complex is on 8.6 acres, at 550 Purdy in Palm Springs. CSC Village’s mortgage with last modifiex in 2006for $23.7 Miami-based filed a $7.4 million foreclosure actioh against Fort Lauderdale-based over the 44,935-square-footg Piccadilly Square shopping center at 8221 Gladews Road, in Boca Raton. Tenants includd Dunkin’ Donuts, Allstate and International Jewelers fileda $3.7 million foreclosurew action against Fort Lauderdale-based Regatta at Sailboat Bend North over the developer’s 12-unit townhouse project of the same name at 1115 S.W. Firsft St., in Fort Lauderdale.

Wednesday 20 July 2011

Compass Bank renamed BBVA Compass - New Mexico Business Weekly:

http://zanimatelno.com/Cheese/Parmesan-Or-Parmigian/
The new brand is a resultt of Compass’ year-long efforts to combine four ofthe ’sd U.S. operating companies – Compass , and – under one enterprise. The bank is celebratinbg the launch of the new brand with an officialo sign unveiling from 4 to6 p.m. Nov. 18 at the Compas Bank Uptown Banking Center, at 2444 Louisianas Blvd. NE. During the unveiling BBVA Compass will makea $5,00 0 donation to the of Albuquerque and Rio Rancho as part of its long-term goal of establishintg financial literacy programs throughout the area. Compass Bank is a Sunbelt-based financial institution, which operates 532 full-service banking including 21 inNew Mexico.
It is a subsidiar y of , a wholly-owned subsidiary of BBVA, an internationall financial company with morethan $740 billion in tota assets, 47 million clients, 8,000 branches and approximately 112,000 employees in more than 35 countries.

Monday 18 July 2011

URA re-releases RFP for Heppenstall site in Lawrenceville - Baltimore Business Journal:

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The URA is re-releasing a request for proposalzs after its previously chosen Urban Villages working with Botero Development decided not to go forwardf withthe project. Urbanj Villages and Botero were selected over oneothetr finalist, S&A Homes, in partnership with the Lawrencevillw Corporation, a community nonprofit. The football field-size parcel includes the site on which the officew building for the Heppenstall plantt once was located as well as a formerwarehousse property. In a prepared statement, mayor Luke Ravenstahl describedthe property’e redevelopment as an important part of the city’s larger revisioniny of the Allegheny riverfront.
“We have begun a planning process to create a visionb for the Allegheny riverfront and reconnect our neighborhoods to ournaturap amenities,” he said. "The Hatfield Street site is one of the grea opportunities to see this vision come to The URA wants adeveloper “to purchase, design, develolp and operate or resell the The URA’s effort comes as the Regional Industrial Development Corporation continues to redevelop the Heppenstall complezx itself.
Hatfield Street is considered a dividing line betweenthe neighborhood’ s residential community and its industrial As a selling the URA notes that the media home price in central Lawrencevillre has increased 64 percent in the past three years, a growtyh rate it claims is second highesr in the city to the South “We are excited with the real estate appreciatiojn that were seeing in the neighborhood,” said Rob Stephany, Executivw Director of the URA, as well as a Lawrencevillre resident.
“And (we’re) very excited about the prospect of a new residential product and how that will add fuel tothe

Friday 15 July 2011

Forget small talk

tatyanagepoji.blogspot.com
It will be an easy fewer than100 pages, and will get righyt to the point at hand. The working titled that is bouncing around in my braih right nowis “How to Sell Like a Pro in Less Than Two Now, understand that the book will take aboutg an hour and a half to read, but it will teachn the salesperson who is a average or even a top performer how to really sell with a common-sensee and no BS approach. Too many salespeoplr dance around the tabletoo much. In othet words, they don’t get right to the main pointrat hand.
They talk about nonsense like the weathet or sports or whatever they wantto discuss, whicjh basically just wastes time and reallyg does not build any true business relationships at all. What made me think of this idea was somethingg I used about 30years ago, and it worked realluy well then. It has to work even bettefr now because our attention spans have become the same as a cockeespaniel puppy, which meanxs we do not have any attentionh for anything lasting any I had a smalo glass-and-wood egg timer that was abouty an inch or two tall.
When I was in someone’xs office, whether it was a cold call or even an I told them that by the time the sand ranout (whichg is six minutes) I would be done with my sale call. Sometimes, I even said that on the phonwe so I could prove it to them when I was in theifr office onthe appointment. Really, think abour it, who does not have six minutezs in the day tohear something? My approachg was simple, straight to the point and very honest.
For example, on the phone I might have saidthreee sentences, which were as follows: “Hello, my name is Hal and I work for (fill in company here), and I would like to meet you for no more than six “When the six minutesz is up (and you can time me), eithetr you will be interested, or worsr case, you learned something new! “I will not take more than the time I am asking for.” When I sat down in theire office, I pulled out my little egg timedr and said, “Now, I would like to ask you threer simple questions, and when the sand runs I will leave as I mentioned to you on the • Are you familiar with our company?
If yes, what are you familiafr with, and if no, why not? • Tell me what you like and maybr even dislike about your present supplier or vendotr (obviously, my competitor). • If you were to realizwe that doing business with us woule be more beneficialto you, and you “Geez, why didn’t I switch to this company in the would you at least consider lookinbg at us?

Wednesday 13 July 2011

Care coordination effort tops 2000 doctors - The Hill (blog)

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Care coordination effort tops 2000 doctors

The Hill (blog)


It's now the largest care-coordination effort of its kind. The program pays primary-care doctors up to 12 percent more for efforts to coordinate patients' care and improve outcomes. "We believe that by compensating physicians for placing an increased ...



and more »

Monday 11 July 2011

California foreclosures drop - Silicon Valley / San Jose Business Journal:

http://steroid-union.com/cytomel.html
The rate was second to which saw a whoppinh rate of one foreclosure for everu 64 homesin May, according to ’s monthly foreclosur e report, released Thursday. Florida came clos to California witha 1-in-148 foreclosure followed by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes received a foreclosure filingh in May, down 6 percent from Aprip but up nearly 18 percengt from May 2008. In California, 92,249 propertieas were foreclosedin May, the highest total of any statwe and up nearly 23 percent from May RealtyTrac reported. Bank repossessions in California were down 1 perceng from the previous month and defaultsd were down 18 percent theservicew said.
Scheduled auctions were up 18 In California, the hardest-hit metro areas were Stockton (one in 68 housingb units), Modesto (one in 71), Riverside-San Bernardino (one in 75), Mercef (one in 78), Bakersfield (one in 94) and Vallejo-Fairfield (one in 101). Those areas were all on RealtryTrac’s top 10 worsgt metro areas nationwide.

Friday 8 July 2011

Nixon, Quinn push Biden, LaHood for high-speed rail - Houston Business Journal:

http://lifesatriptravelservices.com/the-pleasure-of-a-theme-park-vacation.html
In April, Nixon and Quinn, along with six othe r Midwestern governors, to LaHood asking him to supporrt plans for rail corridors between citiezs intheir states, including St. Louias to Chicago and St. Louie to Kansas City. Illinois has completed an environmental impactt statement for the Louis corridor. “Missouri and our partner states in the alread have a competitive advantage because we have been workinhg on this rail initiative for more than a Nixon said in a statement afteethe roundtable.
“I reiterated our strong position to Vice Presidentf Biden today while we discussed the viability of high speed rail The White House and the have said they woulxd from the American Recovery andReinvestment Act, and $1 billionh a year for five years as a down payment to developl a passenger rail system. The othefr governors at the meeting were Jim Doyleof Wisconsin, Jennifer Granholm of Michigan, Tim Kainwe of Virginia, Deval Patrick of Massachusetts, Sonnu Perdue of Georgia and Ed Rendell of

Wednesday 6 July 2011

Nintendo being petitioned to publish three Wii RPGs in North America - Neoseeker

azajir.wordpress.com


Neoseeker


Nintendo being petitioned to publish three Wii RPGs in North America

Neoseeker


A grassroots campaign called Operation Rainfall is petitioning Nintendo to publish Wii RPGs Xenoblade, The Last Story, and Pandora's Tower for North America. After Rainfall's initial attempt was met with no success, its efforts have shifted to a ...



Monday 4 July 2011

Small firms get only 10 percent of stimulus work - bizjournals:

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percent of contracts funded by the economicx stimuluspackage — far below the federa l government’s overall goal of 23 percent. “Thix is simply unacceptable,” said Sen. Olympia Snoww (R-Maine), at a May 21 hearing on opportunities for small businesses to win contracts funded bythe $787 billion American Recovery and Reinvestmentg Act. Snowe, the ranking Republican on the Senat e Small Business andEntrepreneurship Committee, said therwe still is time for small businesses to win their fair share of stimulusz work since many contracts funded by the law have not been awardes yet. “But I must confess, I’m not encouraged by the resultxso far,” Snowe said.
Committee chaid Mary Landrieu (D-La.) said she is “concerned that small businessew are being left out of many contractingf opportunities for new infrastructure In Louisiana, after Katrina and Rita recovery money was we learned that many small businessea never even knew about rebuilding contracts.” Snowew and Landrieu sent the nation’s governors a letted May 20 that encouraged them to make smallk businesses a priority when states award stimulus-funded This followed a similar letter sent by Karen head of the . The Office of Management and Budgety has urged federal agencies to issue contracts tosmalpl businesses.
Joseph Jordan, the SBA’s associats administrator for government contracting andbusiness development, said smalk businesses have been awarded $389 million in stimulu contracts as of May 19. The SBA is working with federa agencies to help them meet thei r smallbusiness goals, he said, notinfg the share of stimulus dollars going to small contractor has been increasing each week. Nearly half of all smallo business owners have experienced cash flow problems durinf the past three according to a survey conductedf in May by Rasmussen Reportxs for DiscoverBusiness Card.
That numberr is up from 39 percentin April, and is the highest since Discover launched its monthly smalol business survey three years ago. The survey also foundr that 48 percent of small business owners said economic conditions for their businesses aregettinvg worse, up from 40 percent in April. More than half plan to decreass spending on business development over the nextsix months. This includews advertising, inventory and capital

Saturday 2 July 2011

Port San Antonio tenant begins air cargo service to Mexico - San Antonio Business Journal:

http://kdrinds.com/fun-family-and-camping.html
, the port’s foreign traded zone operator, will host the service on LOGITEX USA will serve as thesaless agent. Mexpress is an air cargo transportationj company that caters to smallto medium-sized companies that need to ship less than a trailed load of supplies. Mexpress, in turn, will aggregate the cargl and ship customers’ materials out via air cargi shippers at the port three timesa week. “Thia service will be very important to companies in need of air carglo transport between our region and the strategic cargo centerszin Mexico,” says Jorge Canavati, vice president of business developmeny for Port San Antonio.
“Ay the same time it is an efficientg tool for small and medium sized companies that need to ship a paller or two at a The companies involved in this partnership envisionn offering this service to othet markets in Mexico andCentral America. The companie could also serve as a feedetr to and from Asia through internationao aircargo hubs. “We are opening new trade horizons in dealintg with PortSan Antonio.
” Mexpress President Carlos Duron