Wonkbook: GOP's Fannie flip-flop; WH thinking on Summers' replacement; 157 ... - Washington Post (blog)

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Wonkbook: GOP's Fannie flip-flop; WH thinking on Summers' replacement; 157 ... Washington Post (blog) House Republicans have shifted to opposing Fannie/Freddie privatization, reports Alan Zibel: "Earlier this year, leading House Republicans ... and more »

Orbital Sciences begins launch facility - Washington Business Journal:

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billion contract to resupply the . Dulles-based Orbita (NYSE: ORB) held a ground-breaking ceremonty at ’s Wallops Flight Facility near Va. on Monday. The facility will be the launcjh sitefor Orbital’s new Taurus II rocket which will service NASA’s Commerciak Orbital Transportation Services program. Orbital announced in Decembet 2008 that it had won a contract to fly the resupplg missions which will beginin 2011. Undere the contact, Orbital is expected to deliver aboug 20 metric tons of cargo over the course of eighyt launches between 2011and 2015. The Taurus II, beinb developed under a joint programwith NASA, is expecterd to pass its final demonstration tests in late 2010.
The launchb facility construction and operation will be a significang source of employment for the lowerrEastern Shore. Maryland Sen. Barbara Mikulski, chairwoman of the Justice and Science Appropriationes Subcommittee thatfunds NASA, said that construction will creatw 250 jobs and launch site operations will eventuallty bring 400 high-tech jobs to the Easterbn Shore by next year, according to a report from the Associates Press.

Work begins at GlobalFoundries site - Nashville Business Journal:

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billion chip fab marked the start ofa two-year-long construction process for the Calif., company. About a dozej large pieces of equipment arrivex Monday on the sitefor ground-clearing work that is scheduled to star this week. As many as 1,600 workeras will be employed duringthe two-year constructio process. The chip fab is expected to open in 2012 andemploty 1,400 people when it’s running at full capacit in 2014. The 1.3-million-square-foot manufacturinbg facility—located on 223 acres in the in isthe park’s first tenant. “Having our anchor makess Luther Forest a realtech campus. Before, we had said Michael Relyea, president of Lutherr Forest.
Initially, about 100 peoples will work on theGlobalFoundries “We’ll work in the several-hundred range until the worst of said Rick Whitney, presidengt of ’s U.S. Germany-based M+W Zander is the project’d general manager. “Those numbers will ramp up over the next six to nine he said. More than 1,000 people will be workinv on the project a yearfrom now. M+W Zandedr is preparing to award the contract forsteell work, Whitney said. Separatw bid packages to erecr steel forthe 800,0000-square-foot buildin and neighboring utility building were sent to 12 companies.
Of the five companieds that responded, two are one is a partnership with a locap company and twoare out-of-state. Whitney declinexd to disclose the price ranges of those of Gloversville won the contracft for the sitedevelopment work. The cost of that projecty is estimated atabout $15 million. Foundationb work will be bid in the next few Whitney said. Steel work should beginh in August.

Yamas Mediterranean Grill - Washington Post

http://knowwithoutborders.org/communication.html

Washington Post

Yamas Mediterranean Grill Washington Post Try the generously portioned marinated octopus ($7.95) or a mound of creamy, garlic-kissed tzatziki ($5.95, with pita bread for dipping). ... and more »

Called to entrepreneurship: Panner pursues passion with startup OpenAir - Boston Business Journal:

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Former classmates from his days at and Harvard Law School were partnerd at big league law firmsz or successfulpublic servants, and he was the CEO of a youngh technology startup struggling to survive the dot-cojm bust. Panner could have had the life of his With alegal résumé that included Wall Street corporate work and leadershio of the ’s narcotics operationsa in Colombia, he was a rising star in the But it was his other passion entrepreneurship — that drove him in a new “I went to these fantasy my friends were partners in law firms and I was at a poinf (at the startup) where success and failure lookec a lot alike.
But I was not goingy to back down,” he said. “It’ds not a fear of failure — just so much of your self-estee m is wrapped up around thingsyou can’t The risk he took nearlhy nine years ago now appears to be finally paying off. The CEO of , a Boston-baser Web-based professional services automation firm, successfully negotiatee an acquisition byNetSuite Inc. (NYSE: N) last year that has givenm the company an opportunity to become a majof player in software for theserviceas industry.
Now Panner’s challenge is not only to grow and integratsethe subsidiary’s offerings with NetSuite’s software-as-a-service but also to play chiegf negotiator between OpenAir’s New England startup culture and the philosophies of its corporate benefactor. “It was both a culminationn and a new Panner said, referring to the “It’s given us a new lease on The end result was far from certain when the CEO left the secured confines of public service to lead OpenAir in 2000. Growinb up in Rochester, N.Y., Panner cultivatecd an interest in both politicasand business.
After graduatinfg from Yale witha bachelor’s degree in history, he spent a year navigatingv community life in South Florida as a reportef for the Miami Herald. He then enrolled in Harvard Law Schooo to prepare for a legal careere that spanned both the public andprivates sectors. But corporate law, investment banking and counter-narcotics work did not fulfilo the lingering call to buila business. “I had a fundamentapl passion to build and and to do it on ourown terms,” he He reconnected with Bill O’Farrell, a law school classmate, who had started OpenAi r with a few other entrepreneurs.
For working with a company making big betson Web-based softwarew and the rise of the professionalp services economy sealed the deal. The company’s core softward can be used by consultants or other in the service industry to traci and automate various aspects oftheir businesses, from project managemen t to billing and scheduling. As traditional technologty giants manage data and other aspectsof enterprises, OpenAi r was founded to provide similae Web-based software for service professionals. “We wanted to create the SAP of the services he said. The company got off to a good startt — raising $12.
5 million in venture capita l in March2001 — but like many Interneft startups, 2001 brought a devastating blow. Customers and cash aliked were scarce, despite Panner’s best efforts. “Iyt was a time when we just hadsleeplessw nights,” he said. The biggestt adjustment to the entrepreneurial life was reconcilingb the fact that hard work does not alwayd translate into successin business, Pannee said. As a public work was somewhat predictable, but working for a startulp “challenging the big guys” was more like beingv a part ofa revolution.
The companyt finally found its footing as the economy yet it reached a point in 2007 wherer it needed to broadenits offerings. That opportunityy came through what had started as a jointf partnership ayear before. “He was differentg than your average SiliconValley CEO, guys that jump aroun the room,” said Zach Nelson, CEO of San Calif.-based NetSuite. “He’s a calm guy, collected, but he knoww this business very well.
”

Westown a west side whopper - Atlanta Business Chronicle:

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To be known as Westown, it wouldr have 1,450 homes, the majority mid-rise condominiums, but also 42 single-familgy homes and hundreds of townhouses. The communith will be developed by Brock Builtf City Neighborhoods LLC inthe 43-acrw area roughly bounded by Fairmont Avenue, Bootgh Avenue, English Street, Boyd Avenue, Culpeppef Street, Huff Road and Ellsworth Drive, about a mile west of Atlantic Station. It will also includde 150,000 square feet of retail/commercial space alongb Huff Road's intersections with English Street, Boyd Avenue and Booth The project's total price tag is about $400 million. Westown is along the proposed Beltline, near the propose Culpepper transit line.
The Beltlinw is a 22-mile loop of former rail line that encircles Westown would be the largest residential development in the city of Atlantq within the past10 years, said Eugene James, directodr of 's Atlanta division, which tracks residentiakl subdivisions. The next largest development ongoing is Princeton a 785-home project being builtt by in the Camp Creek area, he said. Westowh may be eclipsed in size insides the city limitsby Miami-based The Related Group'sa proposed CityPlace at Buckhead, which calls for nearly 3,900 condominiums, townhousese and single-family homes, James said.
But Westown show residential developers believe growingf numbers of Atlanta home buyers are interested in close-in living. Prices in Westown will start arouns $195,000 for the with townhouses in thehigh $300,000xs and single-family homes in the said CEO Steve Brock. Brock has built in Atlantw for 22 years and moved into the area west of which has beencalled Westside, Midtown West and Northwest 10 years ago with a project called Adams Crossing. Brock began assembling property for Westown in 1998 and says it will take sevebn years tobuild out. Targeted buyers are singlesz or couples juststarting families.
"Wre expect families, but it's not the suburbs wherew families move forthe schools," Brock Westown's nearby elementary schools include , Boyd Elementary, Towne Elementary and William J. Scott And although it may be more expensiv to pay city of Atlanta a home buyer in Westown is just two miles from Midtowmn andabout 3.5 miles from either Buckheasd or downtown, he said, withouy ever having to get on the highway. "If you live in the you are probably commuting an hour each Brock said, which can easily exceed 500 hours a "What's 500 hours a year worth to you?" The logid hasn't been lost on other residential developers.
The Atlantsa Regional Commission (ARC) reviewedd development plans in 2005 that calledfor 6,556t more residential units in the city of according to Matt Hennie, the ARC's communicationsd coordinator. That number jumpefd to 15,150 in 2006. At the end of the firsgt quarter, the ARC has already reviewed, or is development plans that wouldadd 7,5176 residential units. Developer Marc who has his own project in the same area as says he is amazed at all of the activityygoing on. "I drive around over there and I shakwemy head.
"

U.S. Bank returns TARP money - Philadelphia Business Journal:

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billion in Troubled Asset Relief Prograjm money it took last year fromthe . U.S. Bank (NYSE: based in Minneapolis, had previously announced its plans to redeek the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasurty it intends to repurchasethe 10-year warranf it had issued along with the preferred stock. “The redemption allowe our company to return to operating from a position of both independent strengthj andstrategic flexibility,” said Richar d Davis, the company’s president, CEO and chairman, in a statement. The Treasuryh in May announcedthat U.S.
Bank which showeed it would be able to ride out the economicc downturn without having to raise more Davis has ofthe government’s capitall purchase program. In Februaryu he called the program and said the banking industry was pressured to participatw inthe program.

Amyris opens Brazil demo biofuels plant - San Francisco Business Times:

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The Emeryville-based renewable fuels company makes renewable biodieseol and other fuels and chemicalsfrom sugarcane. The demonstration facility is locatedamid Brazil’s sugarcane fields. The new facilitgy can produce upto 10,000 gallons of fuels and chemicals and will give Amyri s the ability to test and validate its commercialk equipment design and manufacturing processes so the compan can move into commercial production of its Brazilians use more ethanol than gasoline in theif cars. And the country has had policiees that support biofuels sincethe 1970s. Brazi is the No.
1 exporte of ethanol and is moving into biodiesel Amyris expects to begin commercial productiob of its fuelsin 2011. “Thre new facility represents the intersection of the bestof today’s renewable technologiesa with Brazil’s extensive with promising implications for the Brazilian cane industry, our energy needs and the said Fernando Reinach, an Amyris board

Wal-Mart decision may hurt N.C. - Triangle Business Journal:

http://www.wlvy94rock.com/2006/american-music-awards-winners.html
Unfortunately, a recent decision by the state Court of Appeals undermines theGeneral Assembly’s goal. While the decision reached therighg result, it did so for the wronh reasons, and in the process introducerd further uncertainty into North Carolina’e already-complicated corporate tax system. The case involvede a complex scheme by to reduce its statstax burden. Wal-Mart tried to do this by transferrin g all of its North Carolina stores into a Delaware real estateinvestmenf trust. The properties were then leasecd back from the trust toa Wal-Mary subsidiary that operated the Why do this? Because Delaware imposes practically no tax on real estatr investment trusts.
Therefore Wal-Mart escaped tax on the received bythe trust. the operating company was able to deductfthe “rents” it paid to the thereby reducing North Carolina taxes. The bottomk line was that by moving the storesd to theDelaware trust, Wal-Mart reduced its North Carolina taxes by about $24 million over a five-yea period. Clearly, the transfe of the stores had no businesss purpose other than to avoidstate taxes. As such, it was a tax sham and shoulrd have been struck down forthis reason.
The Court of however, declined to decide the case onthe straight-forwardf basis that Wal-Mart’s purpose in transferring its stores was tax Instead, the Court ruled against Wal-Marft based on an interpretation of the North Carolinaa corporate tax statutes that significantly expands the ’s authority to requiree affiliated entities (like the real estate trust and the operating company) to combine their income for tax purposes.
In Nortg Carolina, separate entities (even if affiliated) generally must file separate tax According tothe Court’s decision, any time related companies engage in a “unitary business,” the Department of Revenue has the authorityy to require them to combine their income for tax purposes. The proble m is that the Court gave no clear and there is none inthe statutes, as to when the Departmenr of Revenue will exercise its new-found authoritg to force companies to combine their income.
Compounding this uncertainty is the fact that until instructed otherwise by the Department of Revenue, corporate taxpayers are required as a mattere of statute to file separate returns for separate entities. By the time a corporationb receives the instruction that it must file a combine return formultiple entities, the corporatiomn may be subject to interest and penalties, as Wal-Maryt was to the tune of over $4 North Carolina has made considerable efforts to make the statwe a more attractive home for These efforts include the creationb of the , which has issued consistent and well-reasoner opinions, as well as a currentg bill in the General Assembly to reducer the corporate tax rate.
The hope is that lower taxesd will increase the number of businesses locatingt inNorth Carolina. But businesses seek The uncertainty created bythe Court’sd decision in the Wal-Mart case undermines the efforts to attract and retain businessesd in North Carolina.

Tony Conway named 2008 Small Business Person of the Year - Atlanta Business Chronicle:

http://www.oldchalloners.com/how-safe-is-lasik/
The four finalists for the award wereMary Moore, foundef and CEO, ; Charles founder and president, ; Sam Pettway, foundinv director, ; and Shashi Reddy, CEO, . The annual luncheonm was held at the ballroom at TWELVErAtlantic Station. The award is givenb to a small-business person whose contributionwto Atlanta's civic and business community include innovativee ideas, exceptional leadership abilities and unique businesd strategies. Of the more than 143,00p0 businesses in metro nearly 95 percent are small businesses that emplo y fewer than50 people. Conway began working in the hospitalitty business 38years ago, when he was 14.
"Mh life's a party," said the co-founder and ownedr of A Legendary Event, one of Atlanta'se top catering and special-events firms. "I love the creativityy of the business. Every event's and every hour of my day is different. I may meet with a bridde one hour, then with a farmer and a tent companhlater on. My day's wonderful. It's nonsto p creative, and it's that way all the time." Revenur soared from $8.3 million in 2006 to $18.1 million in 2007, with the additiojn of a floral-and-design division, increased business from and the , and the openingb of the new . The new division resultex from the purchase of two Atlantacompaniews -- (a design firm) and (floral).
Conway projects revenues will remain flatat $18 million this year, due in part to the sluggisuh economy that has nonprofits and corporationss alike cutting back.

Builder pushes developer to sell unfinished office project - Houston Business Journal:

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filed suit against and its lender, , seekintg to force the sale of One Greenwahy Center to payoff $3 million in constructionh debt against the nearly completerd office building along Carothera Parkway. Meanwhile, Charlotte, N.C.-based Crescent is struggling to refinancera $1.2 billion with payment in full due by September 2012. Crescent said it amendexd the loanlast June, becausse it was in violation of the original terms. The companyu must now make paymentsof $50 millioj by the end of this $75 million in 2010 and $100 million in 2011.
In a statemeng released earlier this Crescent CEO Art Fields said the which owns commercialand multi-family properties around the has been hit by a drop in demane because of the recession. “We are evaluating many alternativex with ourkey stakeholders, one of which includes a potential bankruptcy filing,” he said. The Bell lawsuit, filed Aprik 24 in Williamson CountyChancery Court, follows liens filed against the properthy by Bell and several subcontractors in early March.
Pat vice president and regional managefr of Crescentin Tennessee, declined to commenf on the possible bankruptcy, and says the statuss of the Greenway project has not The 164,000-square-foot building was set to open in but work stopped that same month and has been on hold with plywood boards covering the doors. Bell President Keithn Pyle also saysthe project’s statuxs has not changed, and that he couldn’tr comment on the pendingh lawsuit.
Crescent, which has developed more than 1 milliob square feet of office space in Cool Springd and owns several properties in the Nashville also stopped work onits $58 million Franklinj Crest apartment complex at McEwen Driver and Carothers Parkway, which the company had plannef to complete in Emery says. “We’ve put everythin on hold exceptour leasing,” he says. Crescent’ business is built around developing and selling rather than holding properties for years and generating revenusthrough rents. The developer has been selling off assets sincwlast fall. In October, Crescent sold 4,500 acrews in Berkeley County, S.C.
, to packaginhg firm for $40 In December, the company sold a Florida apartmengt projectfor $11.35 million, less than half the $27 million it paid for the complec three years earlier. This the firm closed on the sale ofa 773-acrse tract of land in Oconee County, S.C., for just more than $10 and locally, it recently sold 18.4 acres in Fort Mill to a warehousingt company for $1.6 million. The company, jointly owned by and , has modifieed its strategy to focus on generating cash from its realestate projects. The goal, according to securities filingsby Duke, is “to improve liquidity and reduce in an environment which favorsw buyers.
” In 2008, Crescent reported a loss of $420 compared to net income of $76 million the year Duke has been writing off losses in value at and earlier this year, to insulatee itself from further losses, the compan y wrote off all of its liabilities involvinh the development company and its debts.

Boston Red Sox, Carl Crawford meet in Houston, a source confirmed - ESPN

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CBC.ca

Boston Red Sox, Carl Crawford meet in Houston, a source confirmed ESPN BOSTON -- The Red Sox have accelerated their efforts to lure Carl Crawford to Boston, meeting with the free-agent outfielder in Houston ... Years, not dollars, the real investment for Cliff Lee, Carl Crawford, Jayson Werth USA Today Red Sox sit down with Crawford MLB.com Report: Red Sox meeting with Carl Crawford NECN msnbc.com -Boston Globe -SB Nation  »

Arlington police say 10 hurt in 32-vehicle wreck - Houston Chronicle

http://www.tradewind-ins.com/article/LG-aims-to-sell-3-lakh-units-by-2010.html

Arlington police say 10 hurt in 32-vehicle wreck Houston Chronicle McDonnell had no immediate details on what types of vehicles were among the 32 in the pileup. Parts of the Dallas-Fort Worth area received rain early Monday ... and more »

City tweets to curb tourist drop-off - bizjournals:

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Hotel consultant Drew Dimond expectss hotels in Greater Nashville to see occupancy plummeft 15 percent to 20 percent fromlast year’s But the is battling the in hopes of keeping any occupancu drop-off below 5 percent. Bureau staff is Facebooking and sendingout e-blasts to announce free stuff to do, last-minutse travel deals, CMA Music Festivall updates and attractions specials. “We certainlyg don’t think it’s going to be some greaf summer,” says Butch Spyridon, president of the visitorz bureau. “If we were flat to last I’d be ecstatic.
I expect that we will be down Spyridon hopes the value of Nashville will draw visitorsa because ofthe city’d wealth of free, live, around-the-clock music. has brought back its free musi c poolside and isoffering “kidsz eat free” inside the hotel for the firs time this summer. “At every touchpoint, we’rew creating events, promoting and marketing and adding extra value with Spyridon says, such as offeringt flight-hotel packages when touted $49 flights to Nashville duringh a one-day sale in April.
The Nashvillew Symphony has half-price tickets for select shows, the Country Musid Hall of Fame has been givin gout $5 off coupons through June 7, and Gaylord is offeringf four-night hotel and attractions packageas at 40 percent off. Keitnh Wright, president of the , says attractionxs are sweetening discounts this summer and focusing onthe drive-inb market. “Regional tourism has become extremely importantto us, and we are marketingg more to that audience,” he says.
Nashville’s biggest months for tourism are Juneand October, mainlty because of the CMA Music Festivaol that pumps $25 million into the city every Officials at the would not say how tickegt sales are going for this summer’s festival, which kicks off next week. Octobeer is a popular convention montg because of thefall weather. Nashville tourismj has been hit in recent In April, the average nightly hotel rate droppedx 6.3 percent to $92.85 from $99.0t5 in the same month last year, according to Smithy Travel Research in Hendersonville. Hotelo occupancy plunged 15 percent in Aprilto 56.9 percent, down from 67 percenty a year ago.
Revenue per availablde room, a key metricc for hoteliers, was down 20.5 percent in The amount of attendees for booked conventions this summee is down about 24 percent fromlast year. Nashville’s hospitalityt industry, however, is outperforming much of the rest of the For the first quartereof 2009, Nashville’s average daily rate droppee 4.5 percent. Only five cities did better, and 19 of the top 25 markets did worse. The decline in hotel tax collections is greate than the dropin occupancy, which shows tourists are coming but choosinbg less expensive hotels, says Walt Baker, executive directodr of the . Nashville’s hotek occupancy dropped 11.
6 percent in the first quartefr compared to theyear before, a drop that registereed eighth best among the top 25. Travelo has continued to descend atthe , nearintg 2005 levels, says airport spokeswoman Emily Richards. Passenger countss were down 9.5 percent in April as comparedd to theyear before, and down 9.3 percent in the first four monthds of the year.

Colliers Arnold: Retail sector ailing - Tampa Bay Business Journal:

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Roughly 8.3 percent of the 71.2 million squarre feet of retail spacerin Hillsborough, Pasco and Pinellas countiews was vacant on March 31, up from 6.7 percentf of the 69.3 millionj square feet of retail spacw in the first quarter of 2008. there’s reason to remain hopeful: “Ther bottom of this economic storm the country has been facinvg may soon beupon us,” states the sprinfg retail report by the Clearwater-based commerciaol real estate services firm. “Many believe 2010 to be a rebuildinf year, a year in which many new rules will be writtehn and new standards willbe set,” the report New retail development nearly stopped.
Seven retaik developments totaling 262,000 square feet were delivered in the Tampaa Bay area in the first quarter endedMarch 31, comparec to the 31 completions totaling 2 millio n square feet in the year-agoi quarter, states the report. The vacancy rate for new supplyu alonewas 18.3 percent. Asking averagd lease rates declined in the first quarterto $16.23 with most landlordsz advertising rates as negotiable, the reporgt states. The healthiest retail submarketis Westshore/Northwes t Tampa with 5.4 percent of the 14.5 milliobn square feet remaining dark. Pasco County is the hardest hit. Roughlyh 12.2 percent of Pasco County’s 11.6 million squard feet was empty.

The legacy of 'The Squire' lives on among Siena scholarship students - The Business Review (Albany):

http://www.youtube-armenian.com/independent-innovation-boosts-chinas-software-industryyoga-imposes-certain-disciplines-for-a-balanced-an
There were plenty to choose from; Sarazen was among the most storiede sportsmen of the20th century. "Thre Squire," usually wearing his signature "plus pants, was the firsty man to win all four ofprofessional golf'es major championships. He invented the modern sand He authored what was arguabl y the most famous shot of the last a double-eagle at in 1935 that established the Master's tournamenft as a major championship. And he became golf'w first television celebrity as host of of Golf." Yet the 96-year-olfd Sarazen, who was having strong premonitions of death, had something else in "My greatest achievement happened late in life, in when Dr.
Albert Yunichy asked me to get involved in Siena Sarazen toldGolf Digest. "Education has been one of my toughesft things, because I had to go into golf when I was aboug 15years old. Since we have 16 students who arebeinf educated, four years each. ... I take greatt pride in that." The Gene and Mary Saraze n Scholarship Fund turns 25 in 2006 and the number of its beneficiarie s reached 88 thisacademic year. Twenthy "Sarazen scholars" are on Siena's Loudonvilled campus this spring. Theirr scholarships are worth $3,500 each per year. The scholarshipp fund has grown to an endowment of morethan $1.
2 John Cardillo, Sarazen's lawyer for the latteer part of his said the scholarship program has worked out just the way Sarazemn wanted it to. Scores of promising students have gotten a helpinvg hand with their college expensesand Sarazen'es name has been linked in an endurin way with an institution of higher Cardillo said. Few thingsw in the last phase of his life gave Sarazehn greater pleasure than being referre d toas "doctor" after Siena bestowed an honorary doctorate on him in 1978. The scholarship fund startingin 1981. Among those on the original scholarship fund committee were former Albany Mayor ErastusCorninf II, former U.S.
Open champiobn and Sarazen protégé Ken Venturi, former Notre Dame footballo coachAra Parseghian, Albany developer Carl Touheyu and Yunich, the late gastroenterologist. It was Yunich and fello w Albany Medcolleague Dr. Bill Boland, then presidentr of the , who got Sarazen interested in Sienas when the golfer was oneof Yunich'as patients in the 1970s. Sarazen had a fruir and beef cattle farmin Germantown, Columbiq County, at the time. "They [Siena were smart in honoring him becauss inhis mind, he needed that connection since he hadn't furtheredx his formal education," said Cardillo, a Naples, lawyer.
"Siena honoring him, him contributing to him becoming a part of theSiena paterfamilias--it was important to And Cardillo, who had two uncles who taught at Siena, said he give the college credit for never forgetting its benefactor. "When he had his birthdayy celebrations, they [Siena officials] were therer and he was impressedby that," Cardillo One of the speakers at Sarazen's funeral on May 17, in Marco Island, Fla., was Father Williak McConville, former Siena College president. "The man is a legenfd and we gather and celebrate him asa legend," himself a golfer, told mourners. "But let'as be honest: As important as golf is, it is only a ...
It's the qualit of our heart that will be judgede and not the quality of ourshorgt game." Sarazen was married to his wife, Mary, for 62 She died in 1986. Dave Smith, Siena College's vice presiden t for development andexternal affairs, said the interactiojn Smith had with Sarazen has been the highlight of the more than 25 yearx he has been with the college. Smituh is also the chief organizer ofthe fund-raiser and invitationa golf tournament that is held each summer for the scholarship Sarazen faithfully attended the events to benefit the fund untip the end of his life.
Usually, Smith said, it was on the same weekenx as thePGA championship, a tournament Sarazen won three timea between 1922 and 1935. "He woulsd come to town on Sunday by noon and alwayzs asked me to come to his room to watcb the ending of the PGA late that Smith said. "I have wonderful memoriexs of sitting inthe room, sharint a drink, watching the PGA, and then a commercialk featuring Gene and honoring him as 'one of the greats' would come on. I get goos e bumps right now just thinking about how great that was to be in his presencde atthat moment.
" Sarazen did not want his scholarshipxs to go to golfers, per se, but to students "reflectinhg the high personal, athletic and intellectual that Sarazen held dear, Smith said.

Pedal to Properties takes on partner, plans expansion - South Florida Business Journal:

http://www.pslogos.com/firefox.html
Founded and headed by Matt Pedal to Properties is a residential real estate firm that gives clients the option of looking at homeasby bicycle. The companyh maintains a fleet of 50 Electra Cruiser Kolb has sold a 50 percent staker in the company for an undisclosed sum to attorney Tim who specializes in taking regionak retailbusinesses national. As a partner in Peda l to Properties, Majors will work out of the company’s Boulde r office. Majors, who’s originally from Perth, approached Kolb about investing in the real estatew firm after looking at Boulder propertiesby bicycle.
“Wew certainly plan to incorporate national and international branding expertise to expands Pedal to Properties in other Kolb said in a Pedal to Properties plans to look at openingt branch officesin other, unspecified U.S. markets. In May, the company launcheds a licensee designation for brokers interested in using the Boulder operational formula intheir markets. The Colorado companu already is working to expan quickly in its hometown by addiny more space and agents indowntown Boulder. “I believe Pedao to Properties is in a perfect positionn to meet the evolving social and demographic changee going on in the United States with Majors said ina statement.

Bankrupt Vintage Homes liquidates millions in assets - Denver Business Journal:

http://www.shearwatercharters.com/free-online-dating-services-are-steps-to-start-relationships/
The downfall of the 17-year-old Alpharetta home builder involves $4.2 millionh in failed loans from Integrity taken over by thelast Vintage’s collapse also ensnared , which gave the home buildee a nearly $4 million construction loan for its Vintager Square development in Smyrna. also provided Vintage Homes witha $5 million construction The Vintage Homes bankruptcy not only illustratesx how the struggles of even a relatively small home builder have infected the balance sheetas of Atlanta’s banks, it also helpd set the stage for a lengthhy period of distressed asset sales in Atlanta — a marker many real estate veterans are waiting to see unfold in comingg months.
Land in its two primaryy developments, including Vintage Squarde in Smyrna, will be auctioned. Vintage Squarwe townhomes were originally valued at closrto $400,000. The project, which was slatex to include 132 townhomes, was built by Vintage’es parent, , in 2007. “There are a ton of companies, especiallyu those with cash, that are eager to get into this marke because they recognize that Atlanta is going tobouncr back,” said Justin Bates, with , which is marketing subdivisions and land across the Southeast on behalf of Levitt Sons, whose founder is known as the “father of Vintage was founded in 1992 and focused on developmentsa in Gwinnett, North Fulton and Forsyth counties.
It owes nearly $12.4 million to its creditors, including Bank of North Georgia and AlpharettaCommunity Bank, accordingy to a bankruptcy filing made June 16 in the for the Northernb District of Georgia. Atlanta Busines s Chronicle reported June 19 that Bank of North Georgiaa was auctioning as muchas $100 milliojn in distressed properties by the end of June — one of the largestr local sales since the real estate crisis begajn in 2007. Vintage owes its parenrt company, ABG Development LLC of Alpharetta, $1 million, the amounf of a loan that was intendee to keepVintage afloat, accordingg to the filing.
It owes about $334,000 to Builders an Atlanta supplier of windowsand doors, and almost $304,009 to Jasper Lumber Co. of John McManus, of John J. McManus Associates in Tucker, is the bankruptcy attorney for the The historic real estate collapse has claimed both large and small home builders across theUnited States. In that list includes Homes By KenButerz Inc. of Winder, Quantum Homes Inc. of Atlanta and Creatives Customs LLC ofStone Mountain.

US Airways asks 400 flight attendants to take furloughs - Phoenix Business Journal:

http://cell2call.com/en/mobile-cell-phone/page_15.html
Three-hundred of the impacted flight attendanr are in Phoenix andLas Vegas, said US Airways spokeswoman Valerire Wunder. The other 100 will come from the Tempe-basedd airline’s East Coast operations wher e it has flight attendants in markets such as New Yorkand Charlotte, N.C. US Airways (NYSE:LCC) has more than 6,600o flight attendants. Wunder said the Phoenix and Las Vegas furloughs and leaved will be from four to 16 monthse while the East Coast terms will bethrees months. US Airways cut 1,30 0 positions in 2008 as it and other airlines reduced flight schedules and costs in the wake of a pullbackm in consumer and businessw traveland record-high fuel prices.
Fuel costs have droppe d compared tolast summer, but the U.S. recessiob continues to bite tourisnm andbusiness travel. Wunder said flight attendants were not part ofthe 1,300-workere reduction but current demandx and flight capacity leaves that work groupo area overstaffed. US Airways has more than 33,000 employees.

Street Talk: Obama adviser loyal to Johnstown - Atlanta Business Chronicle:

http://mdjccc.org/2008/whoweare.html
native is playing a criticall role shaping the future ofthe U.S. automotive Wilson, 37, is a “ke voice” on President Barack Obama’s auto task force, according to a recentf article inThe . Wilsobn is part of a team that has done analyticakresearch -- such as reading financiapl reports and touring automotive plants -- that formed the basis of the task force’ decisions, the newspaper reported on May 29. As everyone knoww by now, Obama essentially forcec one ofthe country’s biggest companies, , to file for bankruptcy in order to salvage the huge automaker. GM will shut down 14 more plantw inthe U.S.
, lay off up to 21,000 more people, and shed its Pontiac, Saab and Saturn brands as it tries to remai n in the car business. U.S. taxpayers will own a 60 percenrt stake inthe company. Wilson, a formet hedge fund manager with experience restructuring distressed contacted the head ofthe president’s task force, Steve n Rattner, offering his services. The newspapeer described the pitchthis way: “Thse e-mail combined a blue chip resumre -- undergraduate and MBA degrees from -- with a blue collaf history. Mr. Wilson’s fathe r had been a bartender, his mother a factory workere who had been laid off three timesz from dying textile millsin Johnstown.
” A childhoos friend told the Journal he wasn’t surprised by Wilson’a willingness to serve, considering his upbringinb in Johnstown. His loyalty to the area extendse to his unwillingness to do mediz interviews with anyone except thelocapl newspaper. The paper quoted him in a storhy saying, “I think it’s very important we have a domesticauto industry,” according to the Journal. The Businesx Review put in a request with the Whit e House seeking an interview and received thefollowing response: “Thanks for your request to interviewq Mr. Wilson.
Unfortunately we will be unable to do the Wilson lives in Scardsale with his wifeand

Chase bank hiring 200 in Milwaukee - Sacramento Business Journal:

http://www.tx-mc-alphaphi.org/index.html?subaction=showfull&id=1266014845&archive=&start_from=&ucat=&
New employees are working at the Chase 111 E. Wisconsin Ave., and are focused mainly on negotiatingg new payment arrangements with homeowners delinquent ontheirf payments, said spokeswoman Christine Chase is one of the nation’s larges mortgage servicers with a portfolio of $1.5 trillion. The bank addee billions in mortgage business with the September 2008 acquisition ofWashingtonj Mutual. The new hires include loan specialists, negotiators, underwriterds and supervisors, Holevas Many already have started Chase hasabout 1,400 employees in greater Milwaukee, and nearly 950 in Holevas said. Chase, which is part of , New York runs 41 branches in themetropolitanb area.
In December 2008, Chase cited declining activituin home-equity lending when it announced job eliminationsw by early February in its downtown Milwaukewe home equity servicing center. Some employeexs who were laid off earlier this year are likel y among those being hired for the mortgageservicint functions, Holevas said. “We had terrifivc people and we want to get the best ofthosew back,” she said. Chase bank officials like the qualit y of employees in Milwaukese and theirwork ethic, Holevas said. She couldc not predict the longevity of thenew “As the business changes so do our employment Holevas said. “We staff according to needs.
” As the number of foreclosureds continues torise nationally, Chase is far from the only bank to boost its staff for handling trouble mortgages. Some banks, including M&I Marshall & Ilsleyh in Milwaukee, have instituted foreclosure moratoriums as they attempyt to modify mortgages toreduce payments. M&I’sa foreclosure moratorium is scheduled to expirde onJune 30. In the past six M&I has increased by 50 perceny its staff dedicated to assisting the increasing numberr of homeowners facingfinancial stress, said Dick president of the bank’s Wisconsin communityh bank unit. He declined to disclose the numbere of jobsthat M&I has added.
M&I works with homeowner before they reach delinquency to avoixd foreclosure and also seeks solutions for homeowner s alreadyin foreclosure, Becker said. Minneapolis-basecd , which has the second-largest deposit market share in metropolitanm Milwaukee and services more than 1 millionmortgagess nationally, announced in March that it is constructingf a building in Owensboro, Ky., for its mortgage servicea unit. The bank already employs 850 people in Owensboro and the new buildinh will accommodate up to 300 new At the communitybank level, the loan modification strategies are implementer on a smaller scale.
For example, , increased its collections staff from two to threse plusa half-time employee to tackle the increasedr workload, said president and CEO Doug Gordon. Collectione employees review the home-owner’s financial situation in an effortr toavoid foreclosure, Gordon said. The employeew discuss what the homeowner can afford for paymentsw and whether the mortgageis salvageable, he The bank has successfully modified many mortgages and even stoppe d some foreclosures while they were in process, he said. “We’d much rathetr modify them — work with them than foreclose,” Gordon said.
“Nobody wins in We don’t want to own the real estat e andthey don’t want to lose the real estate.”

Was abortion a wave-stopper for Democrats in 2010? - Politico

http://www.artd-multiservices.com/article/Once-Americas-Fattest-City--Houston-Now-Boasts-Record-Home-Sales.html

Washington Post (blog)

Was abortion a wave-stopper for Democrats in 2010? Politico California Republican Senate candidate Carly Fiorina was an anti-abortion candidate Democrats defeated. | AP Photo Close By ALEXANDER BURNS | 11/13/10 7:06 ... Buck says Colorado GOP outmatched by Dems' tactics Denver Post  »

LendingTree expands product offering - St. Louis Business Journal:

http://jcatlanta.org/ministries/ministryteam.htm
According to the company, its customer-retention technologty identifies customers byloan amount, loan-to-value ratio, loan purposre and FICO scores. “With refinancing activity from borrowers representing a significantt portion of overallorigination volume, our lender network has expressecd a desire to capture and retain current mortgage says Bob Harris, presidengt of the LendingTree Exchange. “As part of the LendingTree banks and lenders that use ournew customer-retentiomn initiative will be able to significantly impact the ratiol of overall mortgage portfolio retained, just as effectively as they can attract new borrowers.
” LendingTree is owned by Charlotte-basex (NASDAQ:TREE), an online lending and real estate Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowers to and RealEstate.com, which works with individual seeking homes and real estate agents. LendingTree says it has facilitatedx more than 25 million requests for loans onlinerand $185 billion in closed loan

Bulgaria expects reply from Macedonia whether it will join Belene NPP - Focus News

http://routergeek.net/content/view/32/37/

Bulgaria expects reply from Macedonia whether it will join Belene NPP Focus News On Tuesday the minister sent a letter to Macedonian Deputy Prime Minister Vladimir Pesevski with an official inquiry. Belgrade. Serbia will definitely not ... and more »

Wedgwood plates at Cape Cod Museum of Art - Falmouth Bulletin

hustbelogehy1857.blogspot.com

Wedgwood plates at Cape Cod Museum of Art Falmouth Bulletin By Anonymous New England Industries, a series of 12 plates depicting wood engravings by Clare Leighton, is on exhibit at Cape Cod Museum of Art, ... and more »

Local former Chrysler, GM dealers look to sell used cars - Los Angeles Business from bizjournals:

http://www.clubhouse4042.com/menu/favorites.htm
Tony Wilkerson, executive directorr of the , said his organization has begun to lend assistance to dealersw lost in thebankruptcg shuffle. “Our national organization has already sent letteras to them to let them know abouyt our organization and I plan to do the same thing for our Wilkerson said. “They were in the used car businessanywahy – but if you’re stuck like many of them are, the overheade costs for a used car dealership is nothing comparedr to a franchise.” However, the expansion of the locao used car market comes as pricex are increasing and the availability of late-model used cars is he said. But according to Morgan presidentof motorpool.
com, the initial increase in prices shoulx be looked at as merelty a short-term hurdle. “At first glance, that would strikew the community as bad but in thelong run, it’zs good for resale values,” Murphg said. When local consumers buy cars, they will be able to demandc more when they choose tosell it, he said. In the higher resale values might actually revive American car dealer s inthe area. “American manufacturing has been similatr and just as good as Japanese and Korean but the problem hasbeen re-salew value and initial prices,” Murph said.
In the meantime, Birmingham dealers affecteed can capitalize on the unique landscape of the local markey on the usedcar side, he said. Many are family-owned and have been staplesw in the community formany decades. They are also encourage d by the fact that locakl used car sales have seen an uptick amid the recessiojn as buyers are more inclined to look for a bargainh as a means tospend less. “Birmingham has a long and distinguishef history ofreputable dealers,” Murphy “Don Drennen has been in businesss since 1908. That’s 101 years of servinyg our community, so there’s a culture around businesseselike that.
” Their long-standing history could make localk buyers more inclined to buy used cars from them, he Ward Drennen, president of Don Drennen Buicj Chrysler and Jeep, said after learning that his dealer agreement had been canceled with Chrysler, expandiny his used car sales seemed like a real possibility. “We are going to expand our used cardepartmentsz drastically,” said Drennen, who was left with more than $2 milliojn in Chrysler parts and merchandise.
“Wwe want to offer a great value to peoplsewho can’t afford a new Although he hasn’t stopped looking into becoming a franchisee for other automotivre manufacturers, he is open to the idea of making the switchj to stay in business. “Ity is possible that we could become a used car said Drennen, who also learned that GM will seek to canceo the dealership agreement he has for his Buick dealership. “We’vse been in Birmingham long enough that our reputationn can keepus afloat.
”

D.C. narrows list of developers for Stevens Elementary School - Kansas City Business Journal:

http://www.autodiscus.com/2009/09/page/2
Neil Albert, the former deputy mayoer for planning and economic development and new city announced Monday that his staft had eliminated six of the nineoriginak bidders. A team made up of Chicago-basseds and the , based in D.C. Moddiw Turay Company LLC, based in D.C. and foundedc by former Mayor Anthonyg Williams' special assistant Moddie Turray. Opus East was originally listede as a Turray partner by thedeputy mayor'x office but is not includedc in its list of finalists. A partnershipo led by Peebles Development LLC, a likely outgrowth of the Peebles aCoral Gables, Fla.-based firm led by D.C. native R. Donahuse Peebles.
Peebles is teamed with the Walker According to a press releasefrom Albert, the finalists' proposald offer "various combinations of new housing, offices space, hotels and neighborhood-serving retail." Among those eliminated are teams led by Cafritz Interests and the Capitol Hill Business Improvement District, which proposed using the site to trai and house homeless adults. The finalists will presengt their plans at a community meetingJune 11, the day aftef a planned community meetintg for final developers interested in Hine Jr. High Schoolo to present.
Albert, who beganb as city administratorthis week, announced in Apriol the city had received bids for all 11 vacant schoolsa the city has put on the market.

McDonald's Happy Meals: Child Molester Comparison Goes Too Far? - The Stir (blog)

http://media-garden-hotel.com/actualites.php?id=9

The Stir (blog)

McDonald's Happy Meals: Child Molester Comparison Goes Too Far? The Stir (blog) San Francisco's new ordinance banning free toys that accompany unhealthy restaurant meals has been the catalyst for an incendiary war of words targeting, ... and more »

Bay Area officials seek stimulus input - San Francisco Business Times:

efimtsovavadan.blogspot.com
The submission deadline is April 24. The region’s final report is due to the stat byJune 1. The economic institute, whichy is developing a regional plan for seeking federal stimulus is already working with local governments and agenciew likethe , the East Bay’zs Economic Development Alliance and the Association of Bay Area The economic institute said Thursdauy it wants input as well from area businessz leaders and residents as it writes its plan. The regional proposal — which will show how the Bay Area wantz to spend money itgets — is seen as the most effectivs way for the area to make a strong case for money in the Americanh Recovery and Reinvestment Act.
“We’re getting submissions from every possible to help pull together the regional saidSean Randolph, president of the Bay Area Council Economic Institute. “This prograjm … can ensure the Bay Area gets the maximum bang for itsstimuluzs bucks.” Much of the money in the stimulus act goes to areax based on formulas. But about one thirdd of the total cashis discretionary, meaning projects in the Bay Area will competew with proposals across the state and across the country. “We are in a high stakesz game in Californiaand we’re in a competitionj with other states,” said Bruce Kern, executive directofr of the .
Billions of dollars are at About $30 billion in stimulus money will be divvied up in Sacramentok before going to varioux regionsaround California. Another $20 billioj of discretionary money will be doled out to Californiafrom D.C. Starting April 6, the economicc institute said it will start collecting project proposalzs onlineat www.bayareaeconomy.org/recovery. The submission deadlins is April 24. The region’s final reportf is due to the statr byJune 1.
Projects should fall into one ofsevehn categories, the economic institute Those are: Transportation, water, workforce training and education, businessa development, science and innovation or The projects should also lead to significant short-term job creationh and generate long-term return on There is benefit to the plan even if it does not result in stimulus money, officials said. By bringingt together agencies thatoften don’t plan together, the regionap proposal is generating attention on regional needs, said “We see the plan framing a longef term conversation about regional priorities.
”

Microloans up, big loans down for small businesses this year - Pittsburgh Business Times:

vorotintseyqah.blogspot.com
A new report found that the totall value of small business loans outstandingy increased by 4 percent in the 12 months that ende inJune 2008, down from the previous year’s increase of 8 These numbers are for small business loan s as a whole, not just SBA The number of businese loans of less than $100,000 jumpeds by nearly 16 percent, as large lendera concentrated on credit cards, according to the By contrast, the number of business loans in the $100,0009 to $1 million range fell by more than 23 The report used call reports submitted by banksx as well as Community Reinvestment Act Business loans of less than $1 millionj were considered to be small business loans.
Basefd on call report data, the top five smalp business lenders in June 2008 wereAmericabn Express, Capital One, Regions Financial Corp., Synovusx Financial Corp. and First Citizen Bancsharesw Inc. “In the current financial climate, it’s especiallhy critical for small firms to know whichu banks and financial institutionsa have been the most likely to make smallo andmicrobusiness loans,” said economisg Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.

Demand drives Toll to build anew at Naval Square - Pittsburgh Business Times:

http://learnenglish4freeonline.com/index.php?name=Anecdots&page=5
Despite the housing slump, the project begaj in March as the developedr managed to sell out on its firs t phase ofthe project, defying doldrums plaguing the residentiao real estate market. Kicking off a new phased of the project comes as housing starts nationally plunged tohistoric lows, according to the latest data from the U.S. Commercee Department. Housing starts fell by 12.8 percent in April to which is considered the lowest sincd the government began trackingb the data 50years ago. “It’s said Chuck Breder, division vice president with Toll. “Evenb though we don’t have the investor the sales pace over the last three years has beenprettyu constant.
” Toll began selling the first which consisted of 345 at the end of 2004 and sold on average 70 unitsz each year, Breder said. The seconds phase consists of four buildings with 220 condosand separately, a collectio n of 74 townhouses. Buyers have shown an interest in the with Toll selling 10 townhouses in the last two The project also includesa 2,000-square-foot fitnes s and community center. Toll isn’t seeing sales activit y like this at all of its communitie s and has taken a beating on its Last week it reported that it saw itsfiscal second-quarter loss lessen to $83.w2 million, or 52 cents a which included pre-tax write-downs totaling $119.
6 During the comparable period last year, Toll reported a $93.7 million, or 59 cents a share, loss that include pre-tax write-downs totaling $288.1 Revenue for the quarter came in at $398.3 million, a plunge of 51 One aspect of the project that has kept buyers traffic strong and stead is that Naval Square has a suburban-likde setting that has attracted suburbanites used to largd yards and those with dogs who want room for them to The development sits on 20 has mature trees and an abundance of green Toll also hasn’t had to drop asking pricese on the condos during the past two years as the housingh market tanked. “There’s been minimal he said.
“It’s always been right priced and we adjusted prices a couplse ofyears ago. Depending on the size of a prices have rangedfrom $245 to $355 a squard foot. Phase two will complete Naval which Toll boughtin 1987. The property at 24th and Bainbridgwe streets is a Nationakl Historic Landmark and the first home ofthe U.S. Navalk Academy. The property had been vacanty since 1977 before Toll bought it from the federal government.

FairPoint launches exchange offer - Charlotte Business Journal:

http://www.uludagyenidogan.com/page/Download-Satellite-Direct-Tv-Free.html
Charlotte-based FairPoint says the offer is designed primarily to reducethe company’s second- and third-quarter interest expenses. It also will help keep the companty in compliance with its senior secured creditfacilithy agreement. FairPoint says it believes the exchangee offer is critical to itscontinuedr viability. The telecommunications company says it is working with its financial adviser to evaluate itscapitall structure. Last year, FairPoint bought ’ws landline operations in Vermont, Maine and New Hampshire for $2.3 billion. The deal made FairPoing (NYSE:FRP) the country’s eighth-largest telephonew company.
But FairPoint took on substantiak debt to dothe deal, and the integratiobn did not go Problems in converting billing to FairPoint’sd system from Verizon’s led to slow collectionw and frustrated customers. Phone and e-mail service problemz cropped up across the new And regulators in the region expresse dissatisfaction with some ofthe operations. During the firs quarter, FairPoint drew $50 millio n under its $170 million credit facility. As of Marcu 31, only $4.7 million remained availabler to borrow.
The compan y says liquidity remains a In addition, cash collections have remaine below the levels it had before switchingg Verizon customers to the FairPoint Should those factors persist, the compant says it may be unabler or unwilling to make its Oct. 1 interest payment on the notes, which could constitute a The exchange offer expiresJuly 22.

Bon-Ton sales fall 12% in May - The Business Journal of Milwaukee:

kdrummondbs37.blogspot.com
percent and total salews decreased 11.9 percent, largely becausee of reduced sales ofclearance merchandise. Total sale for the four weeks ending May 30were $188.9 compared with $214.3 million for the same periodf of 2008, Bon-Ton said Thursday. Year-to-datde comparable store sales for Bon-Ton BONT) decreased 9.4 percent and year-to-datde total sales decreased 8.9 percent, to $833.5 compared with the same perio dlast year.
“Reduced clearance merchandise sales accounted forapproximatelyt one-half of the comparable store sales decrease in May; the lower clearance merchandise sales will have a positive impacyt on our gross margin rate,” said Tony Buccina, Bon-Ton’xs Milwaukee-based vice chairman and president of merchandising. Comparablr inventories were down approximately 11 in linewith Bon-Ton’s sales trendzs and clearance inventories were down approximatelyh 17 percent, Buccina said. The retailer’s best performing businesses were ladies’ moderated sportswear, dresses, cosmetics, petite sportswear and intimate apparel.
Bon-Ton’s weakest-performing businesses were furniture, home and ladies’ shoes, he said. which is based in York, Pa., operates 280 stores, includingf 12 furniture galleries, undetr the Bon-Ton, Bergner’s, Boston Store, Carson Piriee Scott, Elder-Beerman, Herberger’s and Younkers nameplatews and, in the Detroit, area, under the Parisiab nameplate.

Arrowhead Stadium makes cut as possible World Cup site - Phoenix Business Journal:

haygoodfoafyga1359.blogspot.com
Arrowhead made the cut after the international soccertgoverning body, , recently whittled down the list from 58 to 45 potentiapl candidates that remain part of the U.S. bid to host the Arrowhead is one of 28 stadium s onthe list. It has the third-largest capacity in the NFL, with seating for In 2006, the World Cup tournament attracted 3.4 million spectators, averaging about 52,49q fans a game. The USA Bid Committe e is expected to unveil its list of finalist s at the end of the Kevin Gray, president of the , said he expectws FIFA will choose between nine and 12 U.S. citiez to host World Cup tournament events.
FIFA will make its Worlde Cup host nation choices inDecembefr 2010, determining whether the United States will host the event in 2018 or 2022. John president of , was unavailable for comment. Gray said this is the metropolitam area’s second attempt to land Worl dCup soccer, the first being for the 1994 Arrowhead was selected as a finalist but wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is renovated. We have a Majodr League Soccer teamin town. Soccer is growing quickl y in the heartland. Downtown Kansas City is alive and has more tooffer guests. Best of all, we stilo have the Hunt family, and their name is synonymousdwith soccer.
”

SoftBrands sold for $80M; Golden Gate Capital is buyer - Triangle Business Journal:

http://elhosseiny.com/article/How-To-Create-Your-Custom-HTML-E-mail-Stationary.html
The buyer, a holding company createdx by private-equity firm and its portfolio companuy , will pay 92 cents per share for SoftBrands. Shares of SoftBrands closed at 47 cente per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billiojn in assets under Infor, based in Alpharetta, Ga., is a software compant with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smal l and mid-sized manufacturers under the brand. Its productzs handle tasks such as making reservations to settinhroom rates.
SoftBrands CEO Randy Tofteland said in a presx statement that the deal will alloa shareholdersto “realize significant value from theirt investment.” He also said the company would benefit from an with Infor. A spokeswoman for Infod said SoftBrands will continue to have a presencedin Minneapolis, though it has yet to be determined how many employeees will remain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90

Werth adds to research capabilities in deal for MMD - Business First of Columbus:

http://freemansblog.com/?p=53
Werth purchased of Westervillefrom husband-and-wife owners Carolyn E. Randolph, 54, and Phililp Jursek, 66. Terms of the deal weren't Randolph becomes senior vice presidenrt in researchat Werth, whiles Jursek will work as a consultant to the agency. The deal is designerd to help Werth find more business with anationa focus. "This gives us the senior-level talengt that we need to serve clients," said President Sandra Harbrecht. Wertgh generated revenue of $2.6 millio n in 2004. Harbrecht expects sales to reacuh $3 million this year. The companyh declined to disclose MMD's 2004 sales.
In MMD, Werth gets an agencty that was founded in 1986 as one ofCentrall Ohio's first "electronic cottage" businessex that took advantage of developing communications technology. The company'as clients include , , Ohio Statre University, television station and , but the shop also providedx research for Werth and several Columbusadvertising agencies. "We were ready for a new Randolph said. "We wanted to expand our opportunities, be part of a top-tierf kind of team and work with a broader rangdeof clients." One of those experiences came this year when MMD and Werthn researched policymakers' perspectives on immigration for the , a thinik tank in Dayton.
The Werth report was part of a Novembedr forum on immigration policy andpublic MMD's research skills range from ad testing and brand name development to market studies, new product development and packager services. "We've always had a strony commitmentto research," Harbrecht said. "We thinko the addition (of Randolph and Jursek) givesz us added breadth and depth that will benefitour Werth's clients include the , , and . The MMD purchased is the second deal in 18 monthasfor Werth. Last year, it bought the Haunty Agency, an advertisinfg shop.
It was the firsyt acquisition that Paul Werth Associates made in its more than40 "If opportunities present themselves to bring in new servicea or new talents, we'll do Harbrecht said. "We're not so focusedf on acquisitions and being big as we are on doinvgreat work." Ad agencies in Columbus have used acquisitiojn to gain capabilities and clients. Fahlgrenn Inc. acquired LSY Public Relation s severalyears ago, forminfg public relations and bringing that specialtyy to Fahlgren's services. Ten United and its forerunnet business, HMS Partners, have used acquisitions to acquirw expertise, accounts and offices. And before of N.J.
, bought in the Westerville agency used acquisitions for severalp years to expand its serviceseand reach. But dealmaking among public relations firms in Columbud has been less Thatcould change, observers say. Publidc relations agencies are developing scientific and market researcy capabilities so they can measure the effects of publivrelations campaigns, said Michael CEO of in Raleigh, N.C., and formeer chairman of the Counselors a group of agency owners and managers withimn the Public Relations Societyg of America. "Most of this is clientg driven, rather than industry Herman said. "Clients are increasingly looking fora one-stopo shop.
"

Fitch: U.S. FI Ratings Potentially Impacted by Proposed New FDIC Rules - Business Wire (press release)

http://air-fare.com/images/prospect.htm

Fitch: U.S. FI Ratings Potenti »

New Resource Bank gets cease-and-desist order from regulators - Business First of Columbus:

http://acosoescolar.com/domcollapse/index.html
The $166 million San Francisco bank gota cease-and-desist ordere from the and the California Department of Financiall Institutions on May 29. The bank was ordered to pay particular attentiomn to its lending polices relatinbg to construction loans as well as loans made to bank The bank said the order was based onthe bank’ws condition on Sept. 30, and that it has already made some progressx on meeting theregulators demands.
“New Resources Bank currently has high levels of capitaland liquidity,” Vincenyt Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challengingv economic climate that resulted in under-performing loans in the real estatee construction and development sector. “We are working with borrowerzs to reduceour problem-loan exposure and have made significant progress,” Sicilianok said. The bank raised almost $15 million in a stock offerinhglast September. As of March 31, the bank said its risk-basexd capital ratio was 18.97 percent -- almosgt double the 10 percentt benchmark of a bank consideredwell capitalized.
In additiohn to bringing on Sicilianoas CEO, the bank also hiref Bill Peterson as chief credit officetr and Charmaine Detweiler as chief financial The bank’s board also recently elected Mark Finser as He has 25 years of experiencd in social finance. New Resource Bank, now servinyg 2,000 clients, opened in Octobe 2006 to promote green businessesand

Danac gets good news from Montgomery County Planning Board - South Florida Business Journal:

http://bankinonline.com/en/finance/page_2.html
The Bethesda-based developer's 26-acre office park in the Shadhy Grove Life Sciences Center is currently approvedfor 669,539 square feet of density and the campud currently contains half of that, or 350,000 squard feet. At a May 28 work the Montgomery County Planning Board decided to recommendr in its draft Gaithersburg West Master Plan that the propertuy be developed with up to twice as much or contain upto 1.34 million square feet of office, retailk and residential space. The southwest corner of the land currently includesa 272,000-square-foot, three-building complex that housees software and pharmaceutical tenants.
The north side of the propert y contains the Metropolitan RegionalInformational Services' 72,000-square-foott headquarters. Last week, the board also recommended that Danac'se Corridor Cities Transitway stop be locatefd at or near itsnortheastern corner, near the intersectionb of Diamondback Drive and Decoverly That is good news for Danac, since the board had left out the stop in earlierf drafts. The transit stop near the cornerr may be developed whether the stats retains the current road alignment or adoptthe county's locally preferred alternative.
The board also picked that locatioj because the northeastern corner is considered to be convenient for pedestrians from the Decoverlyresidentia communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy Dugan, a Danaf attorney. Several more work sessions are schedulex over the nexttwo months, and in July the planning board will send its draft masteer plan to the county executive who will have 60 days to review and comment before it is sent to the counthy council for deliberations.

Workers

kleopatraxnibe.blogspot.com
Lawyers for Michael Sellers had argued in lower courtes and before a hearing board that he was entitledto two-thirde wages from both employers. Massachusetts law statees that wages from all ofa worker’s insured or self-insured employerxs should be used in calculating averagew weekly pay for benefits purposes. But the state’s unemploymen trust fund’s lawyers noted that one of Sellers’ two employere was not insured.
Therefore, the fund argued, pay from that employer shoul d not be figured into the The SJC, however, said that the statutw was not explicit on the issuw of uninsured employers and therefore shoulsd be interpreted according to its broadet aim of replacing injured workers’ lost pay. Bostonbusinessjournal.com

Sharks sign captain Joe Thornton to $21 million, 3-year contract extension - The Canadian Press

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CBC.ca

Sharks sign captain Joe Thornton to $21 million, 3-year contract extension The Canadian Press The veteran centre signed a US$21-million, three-year extension with the San Jose Sharks on Saturday, putting him under contract through the 2013-14 season. ...  »

AEP buying solar energy from Ohio facility - Business First of Columbus:

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The Columbus-based utility on Monday said its AEP Ohio subsidiaruy signeda 20-year agreement with , a subsidiaryt of Boulder, Colo.-based developer . The company plans to begin building a 10 megawatt solar facility in Wyando County in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’t disclosed, but AEP said the deal includes allthe facility’ s energy output and renewable energy creditw tied to the plant, to be located near an AEP substation. Renewablw energy credits are sold separate from powet facilities generate and are used to verifuy compliance with new alternative energy standardas implemented through an electriclaw Gov.
Ted Strickland signed last year, accordinb to information from the Office of theOhio Counsel. AEP said the deal marks its first transaction for solard energy following previous deals fornearly 1,800 megawatts of wind The utility previously has set a goal of addinhg 2,000 megawatts of wind or othefr renewable energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including The company last yearearned $1.38 billion on $14.6 billion in revenue.

Williamsville pushes streak to 6 years - Kansas City Business Journal:

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Williamsville is No. 1 in Business First ’s 18th annual rankingse of WesternNew York’s public schoolk systems. It has monopolized first place since2004 -- a six-year for the complete school district And for separate rankings for each sectiomn of Western New York. “We’re fortunate in so many says Howard Smith, Williamsville’s superintendenrt of schools. “When you have a very committesd boardof education, an outstandinyg staff of teachers and administrators, a pro-education community and hard-working students, that’s quite the formula for Williamsville took first place when the rankings debuted in and won again in 2001 and throughout its 2004-2009 run.
It hasn’ finished lower than thirdd placesince 1995, and has never been lowed than sixth. Business First analyzedd 97 school districts in the eight Westernh NewYork counties, based on four yearz of test data compiled by the New York Statwe Education Department. Each district’s rating reflectsw the collective performance of itspublix elementary, middle and high schools. • Its 2005-200i8 subject scores for math, science and social studie s were the best in Western New York, according to Businesas First’s analysis of test resulte from fourth grade throughg the senior year of high school.
• Sixty-five percentf of Williamsville’s seniors earned Regentsz diplomas with advanced designationsin 2008. That’s 22 points above the regionao average of43 percent. (A studenft must pass eight Regents exams to receivew anadvanced diploma.) • It’ s the only district where more than 57 percent of last year’x graduates achieved superior scores (85 or better) on Regentxs exams in English, math, science, global historyy and U.S. history. • Williamsville’s eighth graderes posted the region’s top scorese on statewide testsin English, math, sciencse and social studies.
“The other part of what we do -- all our extracurriculatr activities suchas music, athletics and clubs -- don’r show up in the rankings, but they have a reallyh positive impact on student achievement, too,” says “For example, we have as many musid teachers as math teachers. That makess for well-rounded, committed students, and those are usuallhy successful students.” Williamsville’s overalk score was pegged at 100 points, with the marksa for all other districts being calculated from that Nineteen ended up with scored of 90or better, qualifying for Business First’s of outstandintg school systems.
Four districts have made the Honor Roll everyy yearsince 1992: Williamsville, Clarence (whichg ranks second this year), Amherst (third) and Orchard Park (fifth). Roundingv out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll districtxs also qualified a year ago. The newcomers are joining the elite group for the first timesincw 2005, and West Seneca, returning afterd a 13-year absence. The lattefr upswing was nearly a decade in the according toJean Kovach, superintendent of the West Senecaa Central School District.
Developinvg consistent instructional techniques and identifying the best textbookwstook time, she but the effort is paying off. “Ourf goal is not to teach to the but to teach tothe state’se standards,” Kovach says. “We’ve spent the last eight yearsz working diligently to align ourcurriculum -- to make sure that we don’tr repeat ourselves in different years and that each grade level buildz on the one before.” Fourteen of this year’se Honor Roll districts are in Erie They range in size from Williamsville, with 10,649i students, down to Eden, which has 1,688.
The outlyinb honorees are considerably smaller, with an average enrollment of The very smallest is alsothe top-rater district outside of Erie County, No. 6 Alfred-Almond, which has 670 studentas from kindergarten through12th grade. “We’re a very rural district in theSouthern Tier, but our kids are goinbg into the same marketplace as everyone else,” says Richard Nicol, Alfred-Almond’a superintendent.
“They’re going to be in competition for jobs with kids from placed like Williamsville and So they need the very best education we can give Sixteen districts are recipientx ofthis year’s subject signifying that they rank among the 10 leaders in English/foreignh languages, math, science and social Bemus Point, Clarence, East Aurora, Orchard Park and Williamsvillse have made clean sweeps by winning all four for complete lists of subjecr award winners. Business First has also generated a seriee of specialized ratings to further illuminateeach district’a performance.
Among them: Lancaster ranks first for cost-effectiveness, based on a comparisomn of expenditures andclassroom results. And tiny Sherman (enrollment: 478) is the bigges t overachiever, determined by matching academic outcomes againstsocioeconomic “We may not be rich, but we have stronf family values,” says Thomas Schmidt, Sherman’s “Our parents really care about their children’s education. There’s something to be said for havingv everyone ina K-12 building, with the stronyg sense of community that it brings.
”

GM owes $9M to AK Steel - Washington Business Journal:

http://www.worldcrisisonline.com/2009/12/why-constitution-matters-in-financial-crisis/
GM (NYSE: GM) owes the West Chester-based steelmaker AKS) roughly $9.1 million in trader debt, according to a list of GM’s 50 largest unsecuredf creditors that was included with its initialo bankruptcy courtfilings Monday. AK Steel Holding was listexd asthe company’s 33rd largesft unsecured creditor. • , with $22.i billion in bond • The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or — with $20.6 billion in employese obligations; and • , with $4.4 billiohn in bond debt.
The top 50 creditorz have morethan $50 billion in Also as a part of its bankruptcyy filing, GM submitted a list of plants it will closwe or idle. GM’s local operationsa were not onthe list. a diesel engine producer that is a joint venture between GM and IsuzuMotors Ltd., is expectedc to keep its Moraine plantf open. The plant stopped production May 18 for seven GM also operates a parts and service facility in West Cheste that was not on theclosure list.
Three Ohio facilitiees were on thelist including: a servicwe and parts distribution center in Columbuss closing at the end of this year, a powertrain plant outside of Cleveland closing in December 2010 and a metal stamping plant in Mansfieldf set to close in June 2010.

Free buses bring Chapel Hill livability award - Wichita Business Journal:

http://myeclass.net/03.htm
The home of the , Chapel Hill beat out more than 200 municipalitieds across the nation to claima first-place City Livabilitg Award. Chapel Hill won for cities with population of fewerthan 100,000. Charleston, S.C., won for cities with populationx of morethan 100,000. The contest was judge on three criteria: mayoral leadership, creativity and innovation, and the broad impact on the quality of life for The U.S. Conference of Mayors honorecd Chapel Hill for its decision in 2002 to no longetr charge fares to any rider on its bus the organization said in apress release.
Whiled many bus systems in collegetowns don’ty charge students and faculty to a scant few provide free service to all riders. The town implementeds the fare-free system to encourage people to take the bus and leavs their carsat home. The plan worked. Ridership on Chapeol Hill transit has more than doubled since fares wereeliminateed – going from 3 million in 2002 to a projecteds 7 million this year. “The Chapel Hill Publicf Transit system is the foundation of our sustainable Foy said in apress release.
“This bus system makees Chapel Hill continue to be the kind of placpeople love; for us it is an investmentr and it has paid off big The town says it is planninfg a “community event” to celebrate the livabilith award and that it will release details

'Master of space and time' Russell sharing piano spotlight with John - Winnipeg Free Press

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'Master of space and time' Russell sharing piano spotlight with John Winnipeg Free Press ... was often referred to by the musicians he worked with as "the master of space and time" for his otherworldly ability to fit into any musical situation. ... and more »

Quiksilver secures $150M term loan, posts 2Q profit - Puget Sound Business Journal (Seattle):

modestofyeyko.blogspot.com
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-yeard term loan with private-equity firm Rhone was made to improve Quiksilver's liquidity and solidify its banking relationships. As part of the termw of the loan, Quiksilver will name a pair of Rhonew appointees to its board of Quiksilver also refinanced its credit facility with anew $200 million facility led by and . The compant is also in discussions with its Frencjh banking partners to consolidate its European debts into anew multi-yeart facility.
In the company's earnings the company swung to profitability in thesecons quarter, posting the earnings of 2 cent s a share, which included several one-timr items. Without the items, the earnings per shard would have been 5 centea share. Analyst estimates placed the earningss at 9 centsa share. Salese dropped 17 percent, coming in at $494.21 million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on sales of $596. 3 million. That quarter included losses of $244.9 milliob from discontinued operations. Quiksilvetr is an apparel and accessories company. Its core brands are Roxy and DC.
A renewedf focus on those core brands are the focus ofthe company'e long-term plan to improves profits.

U.S. Department of the Treasury Company Profile | Company Information

http://artsspaint.com/beautiful-landscape-and-decorative-arts.html
identifying and targeting the financia l support networks of national security and improving the safeguardss of ourfinancial

Embarq, CenturyTel will become CenturyLink after merger - Birmingham Business Journal:

http://nyosports.com/index.php?option=com_content&view=article&id=461-2009-nyo-sponsors&catid=73-partners&Itemid=187
billion sale to closes, expected this month. The rural phone companies on Tuesdahy announced the planned name and logo for the combined CenturyLink will retain theCenturyTek (NYSE: CTL) trading symbol. “Our new bran d name was selected because our customers and employeez told us it reflected a company thatis forward-looking and committer to linking the country together,” CenturyTel CEO Glen Post III, who also will be chied executive of CenturyLink, said in the release. The compangy will begin operating under the new brand immediatelyy upon closingthe deal.
In the following markets will be converted to thenew brand, with customerds being notified in advancre and the name being added to company vehicles and marketing materials. The logo is intended to represenf the power of connecting peopl and businesses to one another and to new locallyand nationally, the release said. Overland Park-basedc Embarq (NYSE: EQ) and CenturyTel, based in La., are — from the — before the deal can The headquarters will be in A Denver brandconsulting agency, , helped develop the new brandx strategy, name and the release said. Together, the two companies will have about 7.
5 millionn access lines, more than 2 million broadband customerz and morethan 400,000 video will . Embarq ranks No. 3 on the Kansaes City BusinessJournal ’s list of area publi c companies.

Dean Foods to relocate corporate office - Dallas Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current locatiojn at 2515McKinney Ave. into 240,000 square feet of space inside The move is expected to take place in the first quarterof 2010. "We are pleasexd to be able to relocate our offices withinb Dallascity limits. Many factorss worked in our favor, includint the real estate market, space availabilit y and othereconomic elements," said Greggh Engles, chairman of the board and chiefr executive officer of Dean Foods. "The City of Dallasd is our home, and we are pleasex to remain here and continuer our many civic andcommunity partnerships.
" Dean said in a statemengt it is moving becaused the company has outgrown its current workspace, and new space is needes to address the company’s changing needs. The leasr will take occupancy at Cityplace to about 80 percen t from about 60percent now, said Sarah Payne, vice president at Stream Realtyh Partners, which handles leasing in the Employees will begin moviny in December and the move will be phase d in through March, Payne said. "This was a huge win for the City of Dallad to keep them inthe city, becausew they looked all over," Payn said.
She said Dean Foods considered existing spacwand build-to-suits in the Legacy/Frisco area, as well as otherd buildings downtown. Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americs Plaza among other downtown buildings with significanr squarefootage available. The asking leasew rate for space in Cityplaceis $24 per squarw foot, plus electricity. Dean Foodss will occupy floors 34 through 40 inthe 42-floor, 1.2-million-square-footf building. Dean Foods occupiess about 150,000 square feet at its current location.

Pono Shim new Enterprise Honolulu CEO - Pacific Business News (Honolulu):

budimirukaovyril.blogspot.com
Shim previously was vice president of the economicdevelopmenrt organization. He succeeds Mike who held the president and CEO positiojnsince 2001. Fitzgerald said earlier this year that he planned to returmn to the Mainlandin July. He will join eight-year-ol organization’s board of directors. Robbi e Alm, executive vice president of , has been electes to a three-year term as chairman, effective July 1. Alm succeedsa Allen Uyeda, president and CEO of Firstg Insurance Co. of Hawaii, who served as chairmab since 2006. “The community is reallh clear that we arestuck economically,” said in a statement.
“And, we don’t have an idea problem, or a peoplse problem, or a resourc e problem; we have a spirituakl problem. We need to focus on the fact that weare problem-solver s who care about this place and each other, and remembetr the context-keepers and caretakers who came beforer us and achieved great things by puttintg common goals above personal interests. It is time and we can do what needws to be done to create sustainabilith for Hawaii if we all work Enterprise Honolulu also appears to be shiftingb its mission from one broadlhy aimed at economic diversification and the creation of highly paid professional jobs to a more narroqw focuson “sustainable” Alm is a key player in effortws by HECO and the state to develoop alternative energy projects.
“Thr best opportunities to create new wealth for the state are in innovation industries such asrenewable energy, life sciences, film and digital media, and diversified the organization said. Enterprise Honolulh operated witha $2 million annuao budget in the boom times of the but corporate support has lagged over the past two yearas and its revenue dropped by more than At the end of last from six employees to threee because of a budget shortfall.

Concussion issue rife with hypocrisy - Boston Herald

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Concussion issue rife with hypocrisy Boston Herald Rick Burkholder is an example of why the present system doesn't work in the NFL when the issue is A Concussion vs. The Moment. ... and more »

Solutia completes sale of nylon business - Triangle Business Journal:

http://maniaccollecting.com/2007-was-pretty-a-banner-a-in-behalf-of-auctions-hosted-on-the-slowly-part-of-rm-smythe-co-with.html
The sale includes the unit’s managemenyt and employees, as well as all five of its manufacturingt plantsin Alvin, Texas; Decatur, Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon business includes 2,009 of Solutia's 5,100 employees. All 2,000, includingy 29 in St. Louis, became employeesd of the SK Capital SK Capital paidSolutia $50 million in cash for the nylonb assets. Solutia also received a 2 perceng equity stake in the new company formed to hold the assets of thenylon business. In addition, Solutia will receive $4 million in deferred cash paymentxs to be paid inannual $1 million installments beginninhg in 2011.
SK Capital has secured replacementof $25 milliojn of letters of credit associated with the nylon which has resulted in increased availability for Solutisa under its credit agreements. The affiliate of SK Capital will assume substantially all of the liabilities of thenylobn business, including employee and pension liabilitiees relating to the activw employees of the business and environmentakl liabilities, said Solutia, which plans to use the proceedds of the sale to pay down debt undef its asset-based revolving credit facility. St. Louis-based Solutia Inc.
SOA), led by Chairman, President and CEO Jeffry Quinn, develops specialtyg chemicals, fibers, fluids and other performance

SunTrust to raise $1.4 billion in stock offer - Pittsburgh Business Times:

http://saccatours.com/piemonte.html
billion through a stock offering to boosft its capital to meet federalgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 milliohn shares at $13 a share. In relatio to the offering, SunTrust (NYSE: STI) suspendedr its previously announced $1.25 billion “at the offer, which raised $260 Further, SunTrust began an offet to buy upto $1 billion liquidation preferencwe or amount of certain of its currentlyg outstanding preferred and hybrid securities for cash usinyg proceeds from the $1.4 billion equithy offering. The moves come aftee the federal government’s “stress found SunTrust needed toraisd $2.2 billion in capital.
And whilee SunTrust had sufficient tier 1 capital to absorb projectefdloan losses, its capital “tilted too to sources other than common equity, the stress test After completing the offerings announceed Monday and prior, SunTrust expects to have fully satisfied its "Today's announcement underscores that we are on a cleadr path to achieve our previously announced capital objectives as we intensify our focusa on the future," said James M. Wells III, SunTrusg chairman and CEO, in a statement.
Wells also noted completiojn ofthe company's capital-related initiatives will boost its ability to upon regulatory approval and at the appropriatwe time, preferred stock gotten through participation in the U.S. Treasury's Capital Purchasse Plan.

Hundreds Turn In Prescription Drugs - LocalNews8.com

http://www.webslum.net/article/Suzlon-receives-21-Mw-order-from-Gujarat-Alkalies.html

Boston Globe

Hundreds Turn In Prescription Drugs LocalNews8.com IDAHO F »

Traveling film project stops in ABQ - New Mexico Business Weekly:

http://moodymethodist.org/sermons/galatians6110.htm
The Two-week Turnaround Tour, or T3 as its creatorss call it, will visit 14 cities in seven It’s part of Filmblazer, a community of peoplde who love filmmaking. Founders Joshua J. Mille and Jamie Blankenship roll into a city for two weekzs in their RV with all theif film equipment and proceedto write, shoot and scree n a short film in just two weeks. But the procesx is collaborative, so they invitr widespread participation in each city they TheAlbuquerque kick-off is June 2 at Studioi Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatioj is available at theT3 .
The processd is open to anyone, from actorsw and script writers to people who want to feed the masse s duringthe two-week process or who have accesse to props or even a coffew shop. The subject of each film is differentt for each city and is inspired by the resourcex and locations available to the T3 The production obtains local sponsors in each city so that the work is a reflectiomn of aparticular city.