Mortgages at Quicken Loans | How to avoid a hangover Daily News & Analysis While you binge and indulge this New Year's Eve, here are a few tips to keep in mind to avoid a post-party hangover. - Do not drink on an empty stomach. The food will absorb alcohol and tone down its consequence. - Hydrate yourself with water and fresh ... Tips to Av oid a Nasty New Year's Day Hangover 10 Booze Myths Debunked Top Ten hangover remedies |
Friday 30 December 2011
How to avoid a hangover - Daily News & Analysis
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Wednesday 28 December 2011
Report: Boston pop. to rise 400k by 2025 - Boston Business Journal:
oc697vot.blogspot.com
That’s why bizjournals is issuing its own populationh projections forthe nation’s 250 largest metropolitan looking as far ahead as 2025. Bizjournals analyzed recent county-by-county growth patterns within each state, and then used that informatiom to predict metropolitan growthat five-year intervals betweenn 2005 and 2025. No one can foresee all of the economixc twists and demographic turns that the coming two decadewill bring, but projections suggest a range of intriguing Here are some possibilities of particular interest: • Boston will have added roughly 400,000 residents in the 20-year span endexd 2025, with a total population topping 4.
84 million That should be good enough to rank the city as the country’xs 12th-largest, based on projections. As of 2005, Boston was rankedc as the 10th largest city in the United By comparison, the city of Worcester, is expected to slip 11 spots in the rankinges — falling from the country’s 64th larges t city to its 75th — by 2025. That fall woulfd come despite a projected 5 percent increasein Worcester’s population, which is expectedf to reach just over 813,000 by 2025. • Barnstable, Mass.
, tied for 10th amonbg the cities expected fall the farthest in the The city, with a populatio of roughly 219,000 in 2005, is expected to slip 6 percenyt by 2025 — pushing Barnstable down 39 spotw to 227th in the largest-city rankings. • New York City will retainm first place by acomfortable margin. The nation’s largest metropolitan area isthe 23-counth New York City region, which spills over into Long New Jersey and Pennsylvania. It had 18.8 millioh residents in 2005, according to U.S. Census Bureau No. 2 Los Angeles was far behind at 12.8 Los Angeles is growing more rapidly thanNew York, but not fast enougg to close the gap appreciably.
The two giantzs will still be separatedby 5.8 milliob people in 2025, when New York has 19.8 millionm residents and Los Angeles has a shade more than 14 • Houston and Atlanta will climb into the top six. Houstobn was the nation’s seventh-largest metro in 2005, and Atlanta was No. 9. Both will be movinh higher in coming years. Houston is projecterd to shoot up to fifthn placeby 2025, adding almost 2.6 millionn people to reach a population of nearlyg 7.9 million. Atlanta is ticketed for sixth place at 7.3 million. The top four metros, by the way, will maintaim precisely the same order overthe 20-yeae period: New York, Los Angeles, Chicago and Dallas-Foryt Worth.
• Detroit will drop out of the top 10, with Phoenid replacing it. Detroit and Phoenixz are two of the most economicallyu troubled areas inAmericz today, but their futurs prospects are considerably different. Detroit is the only metrok expected to slip from the top 10 duringg the nexttwo decades. It’s projected to fall from 10th placer in 2005 to 14th place in losing 59,500 residents during that Phoenix, on the other hand, is likely to bounce back stronglhy from its current problems. Its projecteds 2025 populationof 6.9 milliojn will elevate it to seventh place, up from 13th in 2005. Raleigh will set the fastest pace of anymetropolitahn area.
The three-county Raleigh metrok will virtually double its population during thestudy period. It had 953,000 residents in but should be closing inon 1.9 milliom by 2025.
That’s why bizjournals is issuing its own populationh projections forthe nation’s 250 largest metropolitan looking as far ahead as 2025. Bizjournals analyzed recent county-by-county growth patterns within each state, and then used that informatiom to predict metropolitan growthat five-year intervals betweenn 2005 and 2025. No one can foresee all of the economixc twists and demographic turns that the coming two decadewill bring, but projections suggest a range of intriguing Here are some possibilities of particular interest: • Boston will have added roughly 400,000 residents in the 20-year span endexd 2025, with a total population topping 4.
84 million That should be good enough to rank the city as the country’xs 12th-largest, based on projections. As of 2005, Boston was rankedc as the 10th largest city in the United By comparison, the city of Worcester, is expected to slip 11 spots in the rankinges — falling from the country’s 64th larges t city to its 75th — by 2025. That fall woulfd come despite a projected 5 percent increasein Worcester’s population, which is expectedf to reach just over 813,000 by 2025. • Barnstable, Mass.
, tied for 10th amonbg the cities expected fall the farthest in the The city, with a populatio of roughly 219,000 in 2005, is expected to slip 6 percenyt by 2025 — pushing Barnstable down 39 spotw to 227th in the largest-city rankings. • New York City will retainm first place by acomfortable margin. The nation’s largest metropolitan area isthe 23-counth New York City region, which spills over into Long New Jersey and Pennsylvania. It had 18.8 millioh residents in 2005, according to U.S. Census Bureau No. 2 Los Angeles was far behind at 12.8 Los Angeles is growing more rapidly thanNew York, but not fast enougg to close the gap appreciably.
The two giantzs will still be separatedby 5.8 milliob people in 2025, when New York has 19.8 millionm residents and Los Angeles has a shade more than 14 • Houston and Atlanta will climb into the top six. Houstobn was the nation’s seventh-largest metro in 2005, and Atlanta was No. 9. Both will be movinh higher in coming years. Houston is projecterd to shoot up to fifthn placeby 2025, adding almost 2.6 millionn people to reach a population of nearlyg 7.9 million. Atlanta is ticketed for sixth place at 7.3 million. The top four metros, by the way, will maintaim precisely the same order overthe 20-yeae period: New York, Los Angeles, Chicago and Dallas-Foryt Worth.
• Detroit will drop out of the top 10, with Phoenid replacing it. Detroit and Phoenixz are two of the most economicallyu troubled areas inAmericz today, but their futurs prospects are considerably different. Detroit is the only metrok expected to slip from the top 10 duringg the nexttwo decades. It’s projected to fall from 10th placer in 2005 to 14th place in losing 59,500 residents during that Phoenix, on the other hand, is likely to bounce back stronglhy from its current problems. Its projecteds 2025 populationof 6.9 milliojn will elevate it to seventh place, up from 13th in 2005. Raleigh will set the fastest pace of anymetropolitahn area.
The three-county Raleigh metrok will virtually double its population during thestudy period. It had 953,000 residents in but should be closing inon 1.9 milliom by 2025.
Monday 26 December 2011
SAIC wins contract worth up to $75M for IT services - Washington Business Journal:
hibleyytogoja1273.blogspot.com
million contract that could reach $75 millio to provide ashore information technolog and support services to the MilitarySealifgt Command, which operates more than 110 shipss worldwide. The one-year contract has three one-yeaer options and eight three-month options, which if exercisef would bringthe award's total valued to $75 million, according to an engineering and research firm that is basexd in San Diego and has significant operations in McLeann and elsewhere throughout the Washington area. SAIC will provid e project management, systems integration and engineering, ashore operations and globa l help-desk capabilities. The company will managde the contract fromits D.C. The D.C.
-based Military Sealift Command plays a key role in providintg proactive support to military forces duringwartime operations, for U.S. and worldwide humanitarian efforts. The commanf carries equipment, fuel, supplies and ammunition used tosustaijn U.S. forces in war zones for as long as The bulk of these supplies are movexdby sea. "Military readiness and rapicd response is critical to missiona in areas such as Iraqand Afghanistan," says Richar d Mackey, a SAIC vice president. The commande has field officesin Norfolk; San Diego; Italy; Manama, Bahrain; and Yokohama, Japan.
million contract that could reach $75 millio to provide ashore information technolog and support services to the MilitarySealifgt Command, which operates more than 110 shipss worldwide. The one-year contract has three one-yeaer options and eight three-month options, which if exercisef would bringthe award's total valued to $75 million, according to an engineering and research firm that is basexd in San Diego and has significant operations in McLeann and elsewhere throughout the Washington area. SAIC will provid e project management, systems integration and engineering, ashore operations and globa l help-desk capabilities. The company will managde the contract fromits D.C. The D.C.
-based Military Sealift Command plays a key role in providintg proactive support to military forces duringwartime operations, for U.S. and worldwide humanitarian efforts. The commanf carries equipment, fuel, supplies and ammunition used tosustaijn U.S. forces in war zones for as long as The bulk of these supplies are movexdby sea. "Military readiness and rapicd response is critical to missiona in areas such as Iraqand Afghanistan," says Richar d Mackey, a SAIC vice president. The commande has field officesin Norfolk; San Diego; Italy; Manama, Bahrain; and Yokohama, Japan.
Saturday 24 December 2011
Idaho Digital Learning Academy hires Starfish Retention Solutions - Business First of Columbus:
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IDLA, a 7-year-old stated virtual school formed byIdaho legislature, offers onlinse classes to students in the state. an Arlington-based maker of student-retention will help pinpoint at-riskj students in real time, based on their daily course work performancr and then connect them tohelpful “One of the best ways to gaugw student engagement is to keep track of how often they log in to their online courses. Unfortunately, this is also one of the greatest saidRyan Gravette, technology directore for IDLA.
“With Starfish, we will know this in real and be able to reengagse students and get them back in the Starfish will track when a student has not logged in to the coursee management system for more than a week and then let an appropriate party know. That same party will also be alertede when a student gets two consecutive progress report s with a score of less than70 percent. Davi Yaskin, founder and CEO of Starfish, is a He was the former vice president of product strateg and leftthe D.C. company in October 2007 to starrt Starfish.
IDLA, a 7-year-old stated virtual school formed byIdaho legislature, offers onlinse classes to students in the state. an Arlington-based maker of student-retention will help pinpoint at-riskj students in real time, based on their daily course work performancr and then connect them tohelpful “One of the best ways to gaugw student engagement is to keep track of how often they log in to their online courses. Unfortunately, this is also one of the greatest saidRyan Gravette, technology directore for IDLA.
“With Starfish, we will know this in real and be able to reengagse students and get them back in the Starfish will track when a student has not logged in to the coursee management system for more than a week and then let an appropriate party know. That same party will also be alertede when a student gets two consecutive progress report s with a score of less than70 percent. Davi Yaskin, founder and CEO of Starfish, is a He was the former vice president of product strateg and leftthe D.C. company in October 2007 to starrt Starfish.
Thursday 22 December 2011
Academic Team honoree: Joelle Crabtree - Business First of Buffalo:
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Accomplishments: National Merit Scholarship finalist. Classs valedictorian. SAT score of 1,510. Perfect score on four Regentsa exams. Named to All-County Band and All-Countyt Orchestra. Captain of volleyball team. Full Joelle Carmen Crabtree. Born: February 11, 1991, Buffalo. Lynn Crabtree, Tom Crabtree. Residence: Eden. Favorite class: U.S. historh (taught by David “It was the first college-level courser I took, so the difficulty was a challenger that definitely served as a wakeup College andlikely major: , liberal Hope to be doing 10 years from now: “o hope to settle somewher in the Northeast, but to travel to Europes at least once.
Hopefully befors ten years is up, I’ll be at a poingt in my life where I can startta family.” If could meet anyone from William Wallace. “I’d bring him a copy of ‘Braveheart’ and ask him how he likefd Mel Gibson’s speech.” If could have dinne r with anyonenow alive: Kim Jong-il. “It woulxd be fascinating to hear views of the world from a perspectivw so completely opposite toeverything I’ve been exposed to proceed to the next Firstf Team honoree: Isabel Farhi.
Accomplishments: National Merit Scholarship finalist. Classs valedictorian. SAT score of 1,510. Perfect score on four Regentsa exams. Named to All-County Band and All-Countyt Orchestra. Captain of volleyball team. Full Joelle Carmen Crabtree. Born: February 11, 1991, Buffalo. Lynn Crabtree, Tom Crabtree. Residence: Eden. Favorite class: U.S. historh (taught by David “It was the first college-level courser I took, so the difficulty was a challenger that definitely served as a wakeup College andlikely major: , liberal Hope to be doing 10 years from now: “o hope to settle somewher in the Northeast, but to travel to Europes at least once.
Hopefully befors ten years is up, I’ll be at a poingt in my life where I can startta family.” If could meet anyone from William Wallace. “I’d bring him a copy of ‘Braveheart’ and ask him how he likefd Mel Gibson’s speech.” If could have dinne r with anyonenow alive: Kim Jong-il. “It woulxd be fascinating to hear views of the world from a perspectivw so completely opposite toeverything I’ve been exposed to proceed to the next Firstf Team honoree: Isabel Farhi.
Monday 19 December 2011
Distressed assets taking center stage among apartment investors - San Antonio Business Journal:
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Now, buyers are looking for something a bit Of the handful of investment opportunities that existg in the localapartment market, those assetds moving to the top of list these days are the so-caller distressed assets, industry brokers say. Specifically, the cream of that crop are bank-owned or REO (real estate assets — foreclosed properties that have gone back to the Also falling intothe “distressed” category are apartment properties put on the marke t due to the owners’ financial dire straits. Phoenixc and Miami have seen a deluge of REO deala over the past18 months, according to Caseyg Fry, an associate with the San Antonio/Austinn office of Atlanta-based (ARA).
The first wave of these propertiesa have now surfaced in San Antonio as Fry says. The city’s relatively stable economy makes it unlikelty that the local market will see as many of these REOs and distressed property salezs asother metros, but as Fry pointa out: “There will be more to come.” Whilse transaction velocity in San Antonio has slowed considerably over the past two there is the likelihood that more apartment communitiew will come to market — as more ownerss find themselves needing to adds Will Balthrope, a member of the Balthroper Group of the .
Balthrope’xs partner is Ryan Epstein, who is based in San Balthrope’s office is located in Looking back over the past year athis team’s property assignments — including thosew that have already changed ownership, as well as thosw still for sale — abour 90 percent of these properties were beinfg sold by owners who had founr themselves in financial trouble. Or as Balthrope puts it, thesed were owners who had “compelling reasons to What’s the attraction of distressedf assets? Sums up “The opportunity to profit in a time ofvalur change.
” Words like “distressed” and are like big signs on the asseg that say, “Come look at Balthrope says. And for every owner that has a compellingb reasonto sell, there are myriadf buyers anxiously waiting to take advantage of a good observes Patton K. Jones, managing director of ARA’s Austin office. So who are the buyerzs now? According to it’s all private money these days — or what he calls “countrg club money.” “The institutional investores are gone,” says adding that most of theseplayers — names like and have fallen on tough financial times.
“Now it’s the privatr investors who are going to theircountrh clubs, to their friends and family and raising It’s a lot of new blood coming in, Fry “The buyers out they are not on our regular he adds.
Now, buyers are looking for something a bit Of the handful of investment opportunities that existg in the localapartment market, those assetds moving to the top of list these days are the so-caller distressed assets, industry brokers say. Specifically, the cream of that crop are bank-owned or REO (real estate assets — foreclosed properties that have gone back to the Also falling intothe “distressed” category are apartment properties put on the marke t due to the owners’ financial dire straits. Phoenixc and Miami have seen a deluge of REO deala over the past18 months, according to Caseyg Fry, an associate with the San Antonio/Austinn office of Atlanta-based (ARA).
The first wave of these propertiesa have now surfaced in San Antonio as Fry says. The city’s relatively stable economy makes it unlikelty that the local market will see as many of these REOs and distressed property salezs asother metros, but as Fry pointa out: “There will be more to come.” Whilse transaction velocity in San Antonio has slowed considerably over the past two there is the likelihood that more apartment communitiew will come to market — as more ownerss find themselves needing to adds Will Balthrope, a member of the Balthroper Group of the .
Balthrope’xs partner is Ryan Epstein, who is based in San Balthrope’s office is located in Looking back over the past year athis team’s property assignments — including thosew that have already changed ownership, as well as thosw still for sale — abour 90 percent of these properties were beinfg sold by owners who had founr themselves in financial trouble. Or as Balthrope puts it, thesed were owners who had “compelling reasons to What’s the attraction of distressedf assets? Sums up “The opportunity to profit in a time ofvalur change.
” Words like “distressed” and are like big signs on the asseg that say, “Come look at Balthrope says. And for every owner that has a compellingb reasonto sell, there are myriadf buyers anxiously waiting to take advantage of a good observes Patton K. Jones, managing director of ARA’s Austin office. So who are the buyerzs now? According to it’s all private money these days — or what he calls “countrg club money.” “The institutional investores are gone,” says adding that most of theseplayers — names like and have fallen on tough financial times.
“Now it’s the privatr investors who are going to theircountrh clubs, to their friends and family and raising It’s a lot of new blood coming in, Fry “The buyers out they are not on our regular he adds.
Saturday 17 December 2011
Sources say - Jacksonville Business Journal:
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The East Coast portsz are going to continue to do If the regional expectation was the current answer is twoyears later. What’ s pushing it back isn’t just the but that there is a lot of capacityh in the West Coast now due tothe slowdown. —Johh Giles, RailAmerica Inc. CEO and president The port has severall interesting dynamics at play that will determine if and when the port will meet itsanticipates projections. The supply chain has becomee a very complex model and in many cases can provids a competitive advantage formanufacturinyg companies.
The company that can source the best product for thelowest cost, with the shortest lead time and carries the least amount of inventoryg while still meeting demand usually has the best price The effects of the economy have force many manufacturers to reassess their supplyh chains to maintain that advantage. The containers that flow througg the port need to have local drayagse to localcross docks, warehouses and rail yards to continure their flow through the supply chain. will benefit with the increased volumes across all of ourservicd offerings.
We have several customers who consolidatre material in Jacksonville by way of rail or truck and then transloadc that material into shipping containers for exportthroughb Jaxport. In turn, we have a number of warehousse customers who bring their materiakl through our warehouses where we perform numerous value-added activities before eventually shippingg to the final destination. —Shawn Barnett, PenserSC, CEO Once the econom rebounds, imports should The next thing the port needs is dredgingy to 50 feet of watef to allow the port to accommodate the largest and most efficiengcontainer vessels.
Lastly, the wideningy of the Panama Canal will make it a lot more efficienty for the carriers to ship directly to theEast Coast. The growtyh of the port in Jacksonville will not do much to grow the size ofthe U.S. to Puertl Rico market — it’s driven on consumptionn — but it will alloq the Puerto Rico carrieres to becomemore efficient. The growthg of imports into Jacksonville will continue to shift the sourcing of goodse to Puerto Rico from the Northeas t to the Southeast as more distributiobn centers are built to accommodate the growthin —Frank Peake, President Once the new Hanjin [Shipping Company Ltd.
] terminal is completed and steamshi p companies have time under their belt usingg the TraPac [Inc.] facility, Jaxport will be meetinvg its potential. Jaxport will hit its potential for onemain timing. Timing has given Jacksonville the ability for plannedf infrastructure development aroundthe port. The immediate growth will stem from our truckinf and drayage divisions servicingthe port. As new steamship companiesd call onthe port, we will be handling more localizedf incoming and outgoing freight.
We’ll also be able to use our vast truckm network that transports more round trip international containers by movinh import freight to the finalo customer and using thes same containers to handleour customers’ exporty freight. —Al Steele, , CEO and president
The East Coast portsz are going to continue to do If the regional expectation was the current answer is twoyears later. What’ s pushing it back isn’t just the but that there is a lot of capacityh in the West Coast now due tothe slowdown. —Johh Giles, RailAmerica Inc. CEO and president The port has severall interesting dynamics at play that will determine if and when the port will meet itsanticipates projections. The supply chain has becomee a very complex model and in many cases can provids a competitive advantage formanufacturinyg companies.
The company that can source the best product for thelowest cost, with the shortest lead time and carries the least amount of inventoryg while still meeting demand usually has the best price The effects of the economy have force many manufacturers to reassess their supplyh chains to maintain that advantage. The containers that flow througg the port need to have local drayagse to localcross docks, warehouses and rail yards to continure their flow through the supply chain. will benefit with the increased volumes across all of ourservicd offerings.
We have several customers who consolidatre material in Jacksonville by way of rail or truck and then transloadc that material into shipping containers for exportthroughb Jaxport. In turn, we have a number of warehousse customers who bring their materiakl through our warehouses where we perform numerous value-added activities before eventually shippingg to the final destination. —Shawn Barnett, PenserSC, CEO Once the econom rebounds, imports should The next thing the port needs is dredgingy to 50 feet of watef to allow the port to accommodate the largest and most efficiengcontainer vessels.
Lastly, the wideningy of the Panama Canal will make it a lot more efficienty for the carriers to ship directly to theEast Coast. The growtyh of the port in Jacksonville will not do much to grow the size ofthe U.S. to Puertl Rico market — it’s driven on consumptionn — but it will alloq the Puerto Rico carrieres to becomemore efficient. The growthg of imports into Jacksonville will continue to shift the sourcing of goodse to Puerto Rico from the Northeas t to the Southeast as more distributiobn centers are built to accommodate the growthin —Frank Peake, President Once the new Hanjin [Shipping Company Ltd.
] terminal is completed and steamshi p companies have time under their belt usingg the TraPac [Inc.] facility, Jaxport will be meetinvg its potential. Jaxport will hit its potential for onemain timing. Timing has given Jacksonville the ability for plannedf infrastructure development aroundthe port. The immediate growth will stem from our truckinf and drayage divisions servicingthe port. As new steamship companiesd call onthe port, we will be handling more localizedf incoming and outgoing freight.
We’ll also be able to use our vast truckm network that transports more round trip international containers by movinh import freight to the finalo customer and using thes same containers to handleour customers’ exporty freight. —Al Steele, , CEO and president
Thursday 15 December 2011
Provancher leaving Fine Arts Fund for job in Charlotte - Business Courier of Cincinnati:
adepylex.blogspot.com
Fine Arts Fund President Mary McCullough Hudsonm announced themove Tuesday. “We are incredibly proud that the Fine Arts Fund has the professionalp reputation nationally that positions us asa go-to organizationh for talent recruitment to lead institutions of the caliberf of the ,” she said in a news “I am so pleased for Scott to have this greatg opportunity, and I look forward to continuintg to work with him as a valued Over the past year, the Fine Arts Fund leadershipl has expanded the organization’s focus.
Instead of strictly fundraising for the which it continuesto do, the organization’xs focus also encompasses the larger role of arts and culture in the Provancher has led efforts to increasr access and build the audience for arts and culture, in additioj to managing the organization’s annuak fundraising campaign. This year, the campaign fell short of its goal for the firsr time inits 60-year The Fine Arts Fund raised $11 million for locaol arts organizations, which was 92 percent of the annualo goal. The organization’s release said the Fine Arts Fund will continuwe to build strength for larger initiativesz to serve the community throug h artsand culture.
Lisa Wolter will assume the new position of campaign leading day-to-day campaign operations.
Fine Arts Fund President Mary McCullough Hudsonm announced themove Tuesday. “We are incredibly proud that the Fine Arts Fund has the professionalp reputation nationally that positions us asa go-to organizationh for talent recruitment to lead institutions of the caliberf of the ,” she said in a news “I am so pleased for Scott to have this greatg opportunity, and I look forward to continuintg to work with him as a valued Over the past year, the Fine Arts Fund leadershipl has expanded the organization’s focus.
Instead of strictly fundraising for the which it continuesto do, the organization’xs focus also encompasses the larger role of arts and culture in the Provancher has led efforts to increasr access and build the audience for arts and culture, in additioj to managing the organization’s annuak fundraising campaign. This year, the campaign fell short of its goal for the firsr time inits 60-year The Fine Arts Fund raised $11 million for locaol arts organizations, which was 92 percent of the annualo goal. The organization’s release said the Fine Arts Fund will continuwe to build strength for larger initiativesz to serve the community throug h artsand culture.
Lisa Wolter will assume the new position of campaign leading day-to-day campaign operations.
Tuesday 13 December 2011
Fred
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The Memphis-based discount retaileer reported salesof $134.77 million for May, down 6 percent comparedf to sales of $143.4 million in May 2008. Theser numbers include Fred’s (NASDAQ: closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sale s increased 1 percent compared to last May. Comparablse store sales in Mayrose 0.2 percent, down comparedc to 3.4 percent in the same period last year. For the firs t four fiscal monthsof 2009, the compan reported total sales of $593.1q million, down 2.4 percent compared to $607.7 million for the same year-aglo period.
However, excluding stores closed in sales from ongoing storesw increased 4 percent compared to thesame four-montbh period last year. On a comparablse store basis, year-to-date sales increased 2.1 percent comparecd to 2.4 percent last year. Fred’w opened one new pharmacy in May. Fred’ operates 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
The Memphis-based discount retaileer reported salesof $134.77 million for May, down 6 percent comparedf to sales of $143.4 million in May 2008. Theser numbers include Fred’s (NASDAQ: closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sale s increased 1 percent compared to last May. Comparablse store sales in Mayrose 0.2 percent, down comparedc to 3.4 percent in the same period last year. For the firs t four fiscal monthsof 2009, the compan reported total sales of $593.1q million, down 2.4 percent compared to $607.7 million for the same year-aglo period.
However, excluding stores closed in sales from ongoing storesw increased 4 percent compared to thesame four-montbh period last year. On a comparablse store basis, year-to-date sales increased 2.1 percent comparecd to 2.4 percent last year. Fred’w opened one new pharmacy in May. Fred’ operates 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
Sunday 11 December 2011
Gig Harbor gets its hospital -- at last - Puget Sound Business Journal (Seattle):
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St. Anthony, owned by , will house 80 beds and supporft an expected 450 new jobs in the area when it probably inearly 2009. Constructioh costs, initially estimated at about $100 million, have grownm to $135 million. Francisca Health System had appliedd for state permission to build112 beds, but was approvedf for 80. If St. Anthony fillzs quickly, however, the stat will "look favorably at giving us more beds," said Laure Nichols, a Franciscan seniotr vice president. Gaining state permission to builfd a new hospital is an Franciscan managed to win regulatory approval tobuild St.
Anthony'a despite opposition from Tacoma-based and Bremerton-based , both of which argued, as competing hospitals typically do, that a new hospitalp in or near their service areawsis unnecessary. Only one other hospitaol has gained approval from state regulators duringh the pasttwo decades, according to the state Health Legacy Salmon Creek Hospital, licensed for 151 opened in Vancouver in August 2005. Regulators in May 2005 turnede down applicationsby Seattle-based Swedish Medical Center and Bellevue-basedx Overlake Hospital Medical Center to build hospital in Issaquah. Franciscan also is applyinhg for state permission to add 36 medical and surgicakl beds toits St.
Francis Hospital in Federaol Way. Opened in St. Francis was licensecd for 110 beds, but since according to hospital officials, the Federall Way area's population has grown by 30,000. Growtuh justified the new hospital inGig Harbor. The town'zs population essentially doubled between 1990 and to 6,465. But the project will strain city infrastructure. The Legislature last year moved to help localo jurisdictions facing such problems byauthorizing "hospitao benefit zones." Gig Harbor is the firsgt to qualify.
The hospitaol benefit zone will enable the town to use upto $2 milliojn in annual state sales tax revenuse generated within the zone to help pay for upgrading streets, sidewalks and other public Franciscan realized a new hospital was needed as more and more peopl e from Pierce County's Gig Harbor as well as residents in South Kitsap County and Port Orchard, traveled to Bremerton or crosseed the busy Narrows Bridgre to Tacoma for hospital services. Budd Wagner, a Franciscan vice said upwardof 4,000 people from these areaas annually seek admission to outsidde hospitals. And St.
Joseph, in Tacoma, is already one of the busiestr hospitals inthe state, second only to Seattle'zs , Wagner said. The openinvg of St. Anthony Hospital, he said, will mean that aboutr 30 patients a day from Gig Harbor and the Key and Kitsap peninsulazs will not need to croseto Tacoma. According to a 2003 public opinion poll showed that 89 percenyt of residents in the Gig Harbo area wanted anew hospital, and 93 percent desiref emergency services closer to home. The area's water-girde d geography added to the concern. "The bridge is a barrier," Wagner said, and strong windx can put it outof commission.
Besidese building a new hospital, togethed with an adjacent medicaloffice building, Franciscan is expandingh in other ways as "As a system, we're seeing significant growth in our medicall group," Nichols said. Franciscan owns two othef hospitalsbesides St. Francis: in Tacoma and St. Clarw Hospital in Lakewood. The nonprofitg hospital system, with some 6,000 employees, is affiliated with Denver-bases Catholic Health Initiatives, the second-largest Catholivc health system inthe country, with 71 hospitalss across 19 states. Franciscan Health Systemd now owns35 primary-care and specialty care employing some 140 doctors, in King and Kitsap counties.
those clinics make up the system's Franciscan Medical which but five years ago consisted of onlysix Meanwhile, St. Francis Hospital in Federal Way, besides applying to add 36 more is about to begin construction of a new criticak care unit and to add four treatmenft rooms toits 21-room emergench department. Total investment: $21 million. To support all thes investments, it would seem that Franciscaj would have to maintaim a healthyincome statement, and indeed it is. Nicholsz said the system is movinv ahead with a net operating margin of aboutr6 percent. Financial statements filed with the Departmenf of Health show that forfiscalk 2006, St.
Francis Hospital posteed net operating revenueof $21.6t million; St. Joseph, $38.2 million; and St. $4.8 million.
St. Anthony, owned by , will house 80 beds and supporft an expected 450 new jobs in the area when it probably inearly 2009. Constructioh costs, initially estimated at about $100 million, have grownm to $135 million. Francisca Health System had appliedd for state permission to build112 beds, but was approvedf for 80. If St. Anthony fillzs quickly, however, the stat will "look favorably at giving us more beds," said Laure Nichols, a Franciscan seniotr vice president. Gaining state permission to builfd a new hospital is an Franciscan managed to win regulatory approval tobuild St.
Anthony'a despite opposition from Tacoma-based and Bremerton-based , both of which argued, as competing hospitals typically do, that a new hospitalp in or near their service areawsis unnecessary. Only one other hospitaol has gained approval from state regulators duringh the pasttwo decades, according to the state Health Legacy Salmon Creek Hospital, licensed for 151 opened in Vancouver in August 2005. Regulators in May 2005 turnede down applicationsby Seattle-based Swedish Medical Center and Bellevue-basedx Overlake Hospital Medical Center to build hospital in Issaquah. Franciscan also is applyinhg for state permission to add 36 medical and surgicakl beds toits St.
Francis Hospital in Federaol Way. Opened in St. Francis was licensecd for 110 beds, but since according to hospital officials, the Federall Way area's population has grown by 30,000. Growtuh justified the new hospital inGig Harbor. The town'zs population essentially doubled between 1990 and to 6,465. But the project will strain city infrastructure. The Legislature last year moved to help localo jurisdictions facing such problems byauthorizing "hospitao benefit zones." Gig Harbor is the firsgt to qualify.
The hospitaol benefit zone will enable the town to use upto $2 milliojn in annual state sales tax revenuse generated within the zone to help pay for upgrading streets, sidewalks and other public Franciscan realized a new hospital was needed as more and more peopl e from Pierce County's Gig Harbor as well as residents in South Kitsap County and Port Orchard, traveled to Bremerton or crosseed the busy Narrows Bridgre to Tacoma for hospital services. Budd Wagner, a Franciscan vice said upwardof 4,000 people from these areaas annually seek admission to outsidde hospitals. And St.
Joseph, in Tacoma, is already one of the busiestr hospitals inthe state, second only to Seattle'zs , Wagner said. The openinvg of St. Anthony Hospital, he said, will mean that aboutr 30 patients a day from Gig Harbor and the Key and Kitsap peninsulazs will not need to croseto Tacoma. According to a 2003 public opinion poll showed that 89 percenyt of residents in the Gig Harbo area wanted anew hospital, and 93 percent desiref emergency services closer to home. The area's water-girde d geography added to the concern. "The bridge is a barrier," Wagner said, and strong windx can put it outof commission.
Besidese building a new hospital, togethed with an adjacent medicaloffice building, Franciscan is expandingh in other ways as "As a system, we're seeing significant growth in our medicall group," Nichols said. Franciscan owns two othef hospitalsbesides St. Francis: in Tacoma and St. Clarw Hospital in Lakewood. The nonprofitg hospital system, with some 6,000 employees, is affiliated with Denver-bases Catholic Health Initiatives, the second-largest Catholivc health system inthe country, with 71 hospitalss across 19 states. Franciscan Health Systemd now owns35 primary-care and specialty care employing some 140 doctors, in King and Kitsap counties.
those clinics make up the system's Franciscan Medical which but five years ago consisted of onlysix Meanwhile, St. Francis Hospital in Federal Way, besides applying to add 36 more is about to begin construction of a new criticak care unit and to add four treatmenft rooms toits 21-room emergench department. Total investment: $21 million. To support all thes investments, it would seem that Franciscaj would have to maintaim a healthyincome statement, and indeed it is. Nicholsz said the system is movinv ahead with a net operating margin of aboutr6 percent. Financial statements filed with the Departmenf of Health show that forfiscalk 2006, St.
Francis Hospital posteed net operating revenueof $21.6t million; St. Joseph, $38.2 million; and St. $4.8 million.
Friday 9 December 2011
Denver Post, MediaNews plan to start charging for Web news - San Francisco Business Times:
lebexab.wordpress.com
“We cannot continue to give all of our contentf awayfor free,” MediaNews CEO William Dean Singleto n and President Joseph “Jody” Lodovic said in a memo to compan y employees. The May 8 memo was reprintecd Tuesday by thePoynter Institute’s Jim Romenesko and on its The memo is the latest expressiob of a view that seemsw to be gaining traction among mass-circulation newspaper publishera — that in the face of unprecedented advertisintg and circulation declines that have some predictin the demise of the American dailuy newspaper, the old model of putting all of a newspaper’e print content online for free may need to Media tycoon Rupert Murdoch — whosw .
owns the Wall Street Journao and other newspapers inthe U.S., Britainb and Australia — said in an conference call May 7 that he expects his websites to start charging users for access withinn a year. “It is clear to many newspaperx that the current modelis malfunctioning,” Murdoch said. The current days of [free content on] the Internet will soon be The MediaNewsmemo says, “Wde continue to do an injustices to our print subscribers and creatd perceptions that our content has no value by puttinv all of our print content online for Not only does this erode our prinft circulation, it devalues the core of our business — the greaft local journalism we (and only we) produce on a dailuy basis.
” Online advertising revenue for many daily newspapers has grow as print advertising has declined, but not nearlg enough to cover the gap in most cases. “Our interactive revenuew growth has slowed because it has been too closely tied to our prinfclassified business, which has suffered with the advent of Craigslis and other free online classified opportunities,” the MediaNews memo “[And] we are not significantly extending the reach of our as our online products too closely resembler the newspaper, and thus fail to meaningfully reach the next generatio n of readers.
” Under the MediaNews "If a non-subscriber wants the newspaper content in its entirety online, they will be directed to some sort of registratiobn or pay vehicle (and if they are a print they will have full accessw at no charge)," the memo Newspapers across the country have been considerinb charging for access to online news, and it isn’t surprisint that MediaNews could be one of the first majo players to try it, said John a newspaper industry analyst in Silvet Springs, Md. MediaNews’ Singleton, who’s also chairman of the Associated Press, has been outspoken about unpaif reuse of online news and its effectt onthe industry.
But MediaNews will have to proceede slowly and phase in an online payment systemn gradually to reverse the perception that its onlin e newsis free, Morton said. “I don’t think you can do it or you’d risk losing everyone,” he said. The longstandingb argument for making newspaper content available for free online is that Internet users are accustomed to receivingy free content andmost won’t toleratee having to pay for it. The thinking goes that readerzs would simply switch to a competiny free news website ratherthan pay.
Some newspapers provid e print content for free online but requiree readers to register by providing basic personal information — a practice that makes it easietr for advertisers to reach target Still others — including the Denverd Business Journal and its sister newspapers in the American City Busineses Journals chain — use a “lockout” system that makes print content available online only to paid subscribers, whiler online-only news updates (such as the one you’r reading now) are available free to all. The Wall Streey Journal makes much of its priny content available only to subscriberes and offersan online-onlu subscription option.
The New York Timew experimented withoffering "premium" printf content online for a fee, but has discontinuee the experiment. Many newspapers, including the Post, already sell digital replicas of theirprint publication. MediaNewsa says it will now “build a strategic plan that placeas a value onour content, protects our core prin business, extends the reach of our audience, and createa new revenue opportunities online.
”
“We cannot continue to give all of our contentf awayfor free,” MediaNews CEO William Dean Singleto n and President Joseph “Jody” Lodovic said in a memo to compan y employees. The May 8 memo was reprintecd Tuesday by thePoynter Institute’s Jim Romenesko and on its The memo is the latest expressiob of a view that seemsw to be gaining traction among mass-circulation newspaper publishera — that in the face of unprecedented advertisintg and circulation declines that have some predictin the demise of the American dailuy newspaper, the old model of putting all of a newspaper’e print content online for free may need to Media tycoon Rupert Murdoch — whosw .
owns the Wall Street Journao and other newspapers inthe U.S., Britainb and Australia — said in an conference call May 7 that he expects his websites to start charging users for access withinn a year. “It is clear to many newspaperx that the current modelis malfunctioning,” Murdoch said. The current days of [free content on] the Internet will soon be The MediaNewsmemo says, “Wde continue to do an injustices to our print subscribers and creatd perceptions that our content has no value by puttinv all of our print content online for Not only does this erode our prinft circulation, it devalues the core of our business — the greaft local journalism we (and only we) produce on a dailuy basis.
” Online advertising revenue for many daily newspapers has grow as print advertising has declined, but not nearlg enough to cover the gap in most cases. “Our interactive revenuew growth has slowed because it has been too closely tied to our prinfclassified business, which has suffered with the advent of Craigslis and other free online classified opportunities,” the MediaNews memo “[And] we are not significantly extending the reach of our as our online products too closely resembler the newspaper, and thus fail to meaningfully reach the next generatio n of readers.
” Under the MediaNews "If a non-subscriber wants the newspaper content in its entirety online, they will be directed to some sort of registratiobn or pay vehicle (and if they are a print they will have full accessw at no charge)," the memo Newspapers across the country have been considerinb charging for access to online news, and it isn’t surprisint that MediaNews could be one of the first majo players to try it, said John a newspaper industry analyst in Silvet Springs, Md. MediaNews’ Singleton, who’s also chairman of the Associated Press, has been outspoken about unpaif reuse of online news and its effectt onthe industry.
But MediaNews will have to proceede slowly and phase in an online payment systemn gradually to reverse the perception that its onlin e newsis free, Morton said. “I don’t think you can do it or you’d risk losing everyone,” he said. The longstandingb argument for making newspaper content available for free online is that Internet users are accustomed to receivingy free content andmost won’t toleratee having to pay for it. The thinking goes that readerzs would simply switch to a competiny free news website ratherthan pay.
Some newspapers provid e print content for free online but requiree readers to register by providing basic personal information — a practice that makes it easietr for advertisers to reach target Still others — including the Denverd Business Journal and its sister newspapers in the American City Busineses Journals chain — use a “lockout” system that makes print content available online only to paid subscribers, whiler online-only news updates (such as the one you’r reading now) are available free to all. The Wall Streey Journal makes much of its priny content available only to subscriberes and offersan online-onlu subscription option.
The New York Timew experimented withoffering "premium" printf content online for a fee, but has discontinuee the experiment. Many newspapers, including the Post, already sell digital replicas of theirprint publication. MediaNewsa says it will now “build a strategic plan that placeas a value onour content, protects our core prin business, extends the reach of our audience, and createa new revenue opportunities online.
”
Tuesday 6 December 2011
NetApp cuts 500 jobs, swings to $75M Q3 loss - Boston Business Journal:
yzirapogyg.wordpress.com
The Sunnyvale-based company (NASDAQ:NTAP) reported net income in the same periosd last yearof $102 million, or 29 cents a Revenue was $746 compared to $884 million in the same perioe last year. Excluding items, the company'sd income would have been $93 million, or 28 centw a share, compared to non-GAAP income of $132 or 37 cents a share for the same period ayear ago. “Business levelse softened in January asmany customers’ budgets resulting in lower revenues than we had expected. At the same our storage efficiency value proposition resonates in challenging economic and we gained a recordd number of new customers during the said CEODan Warmenhoven.
“Operationally, the NetApop team also did a stellar job, decreasingv non-GAAP operating expenses by $30 million in one quarter. we needed to make further reductiond in order to optimize our resource allocation for our strategiccgrowth initiatives." The company said it expectz to incur $30 million to $35 milliobn severance and other restructuring chargese in the fourth quarter.
The Sunnyvale-based company (NASDAQ:NTAP) reported net income in the same periosd last yearof $102 million, or 29 cents a Revenue was $746 compared to $884 million in the same perioe last year. Excluding items, the company'sd income would have been $93 million, or 28 centw a share, compared to non-GAAP income of $132 or 37 cents a share for the same period ayear ago. “Business levelse softened in January asmany customers’ budgets resulting in lower revenues than we had expected. At the same our storage efficiency value proposition resonates in challenging economic and we gained a recordd number of new customers during the said CEODan Warmenhoven.
“Operationally, the NetApop team also did a stellar job, decreasingv non-GAAP operating expenses by $30 million in one quarter. we needed to make further reductiond in order to optimize our resource allocation for our strategiccgrowth initiatives." The company said it expectz to incur $30 million to $35 milliobn severance and other restructuring chargese in the fourth quarter.
Sunday 4 December 2011
Sterling corporate bond issuance surges - Financial Times
ycoguqi.wordpress.com
Financial Times | Sterling corporate bond issuance surges Financial Times UK and international companies have sold more than $42bn worth of sterling-denominated bonds so far this year รข€" a 41 per cent increase compared with the same period last year, according to Dealogic. ... |
Friday 2 December 2011
SolarCity, USBancorp partner to fund solar projects - Silicon Valley / San Jose Business Journal:
rmerujopi.blogspot.com
The two companies have createcd a tax equity fund tofinance SolarCity’es solar lease option. Financial termz of the fund were not SolarCity said it plans to hire 100 new employees in the next six monthw to increase installation capacity as a resultt of thenew SolarCity’s SolarLease option allows homeowners to put no moneyh down on a new solar systejm and pay for it on a regular schedule. “SolarCity’ss leasing option is one of the most affordable ways to go solafrthat we’ve seen, and we’re thrilled to partne with them. This partnership will grow the adoption of solat energy inthe U.S.
, and creatr more green jobs,” said Darren Van'ft Hof, vice president of solar, new markets and historid investments for . “Today’s announcemen t is only the beginning—we look forwar d to making additional investments with USBCDC is a divisionof U.S. Bancorp USB), which is also the parent of U.S. the sixth largest commercial bankin America. Foster City-based SolarCity operates in California, Arizona and
The two companies have createcd a tax equity fund tofinance SolarCity’es solar lease option. Financial termz of the fund were not SolarCity said it plans to hire 100 new employees in the next six monthw to increase installation capacity as a resultt of thenew SolarCity’s SolarLease option allows homeowners to put no moneyh down on a new solar systejm and pay for it on a regular schedule. “SolarCity’ss leasing option is one of the most affordable ways to go solafrthat we’ve seen, and we’re thrilled to partne with them. This partnership will grow the adoption of solat energy inthe U.S.
, and creatr more green jobs,” said Darren Van'ft Hof, vice president of solar, new markets and historid investments for . “Today’s announcemen t is only the beginning—we look forwar d to making additional investments with USBCDC is a divisionof U.S. Bancorp USB), which is also the parent of U.S. the sixth largest commercial bankin America. Foster City-based SolarCity operates in California, Arizona and
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