Saturday, 31 March 2012
Joy Global profits rise 67 percent - Los Angeles Business from bizjournals:
The Milwaukee-based mining equipment manufacturer now projects that its fiscal 2009 salex tobe $3.5 billion to $3.6 billion, in the lower half of its previoux outlook of $3.5 billion to $3.7 Earnings, however, are expected to continue to benefit from cost reductioh efforts and are now projected to be $3.80 to $4 per in the higher end of the firm's prior guidanc e of $3.60 to $4 a In the fiscal seconxd quarter ended May 1, net incoms surged to $120.5 million, or $1.187 per share, a 67 percengt increase compared with $72.2 million, or 66 cents per for the comparable period a year ago. Net salesw grew 10 percent to $923.5 million from $843.
1 Analysts polled by Thomsonb First Call projectedJoy Global's second-quarter earningd to be 89 cents per on average. After opening lower, shares of Joy Globalo (NASDAQ: JOYG) rebounded to up 58 cents, in morning trading Wednesday. Joy Globalo management said sales were being hurtby $96 milliomn in canceled orders in the second quarter, raising the total valuew of canceled orders to $300 million over the past thre quarters. Sales were also being hurt by a slowdown in aftermarkegorder rates. Order cancellations were concentrate in North American copper andiron ore, U.S. Centrak Appalachian coal and Russian coal.
Joy Globap now believes as muchas $525 million of its remaining original equipment backlog could be at risk as Much of that risk is due to uncertainty with an oil sand s project, Joy said. For the year to date, net incomde was $206.3 million, or $2 per share, compared with $143. 2 million, or $1.31 per the year before. Net sales were up $1.68 billionh from $1.48 billion.
Thursday, 29 March 2012
Economy crimps back-to-school spending plans - Washington Business Journal:
The D.C.-based trade group’s 2009 Back to Schook Consumer Intentions and Actions Survey foundx that the average family with students in gradesw Kindergarten through 12 is expected tospend $548.72 on schoool merchandise in 2009 compared with $594.24 in 2008. Totak back to school spending is expectefd toreach $17.42 billion. The conducted for the federationmby BIGresearch, found that 85 percent of American s are changing their back-to-school spending plans because of the economy.
Fifty-sixs percent said they would hunt for salesemore often; 49 percent planned to spend less overall; 41 percent expect to purchase more store brandx or generic products and 40 percenr are planning to increase their use of coupons. The survety also found that families are alterinbg broader educational plans for children because ofthe economy. Elevenh percent of respondents said their childreb will cut back on extracurricular activities or sports and nearlyy 6 percent say that the economy is impactingh whether their children will atten d a private orpublic “The economy has clearly changed the spendinh habits of American families, which will likel y create a difficult back-to-school season for retailers,” said National Retail federation CEO Tracy Mullin.
“As peopler focus primarily on price, strong promotiones and deep discounts will ultimatelgy winover back-to-school shoppers this year.” The survegy predicted that spending in most back-to-schoolp categories would decrease, with the exceptioj of electronics where spending on computer equipment and othert gear is expected to increass 11 percent to $167.84. Families are expected to spend an averageof $204.6 on clothing and $93.59 on shoes, and $82.62 on schook supplies.
Tuesday, 27 March 2012
Wake Nation Cincinnati to Host USA Wakeboard Cable National Championships Beginning July 30
double-back rolls ... double S bends ... and big wurmss aplenty will be part of the action at Wake Nation Cincinnati as the new cable wake park hosts the 2009 USA Wakeboard Cable National Championships beginniny ThursdayJuly 30. (Photo: Seventy-fiver athletes -- the best of the best wakeboarderse from acrossthe U.S. -- will be at Wake Natiob to compete for a spot on TEAM USA and earn the right to represent the United Statew at the 2010 IWSF World Cablwe Championshipsin Neubrandenburg, Germany. Wake Nation will host the preliminary rounds of the Cable Wakeboardingg National Championships on ThursdayJuly 30, beginninhg at 8:00 a.m.
The final roundws will continue at Wake Nation on Saturda yAugust 1st, beginning at 2:00 p.m. Admission tickets to both the preliminar y and final rounds can now be purchase d atWake Nation. Tickets are $10 each and includd access to both days' events. Children 5 and under are admitted The cable wakeboarding competition is part of the larger Surf and Cable Nationals hosted in Cincinnatki and Dayton allweekend long.
This year'z events combine the 11th Annuall USA Wakeboard Nationals with the 4th Annua GrassrootsWakeboard Nationals, and the new USA Cable Wakeboard All three championships will air on NBC Universal the preeminent multiplatform destinatiobn for Olympic-related sports programming. What makes the experiencse at Wake Nation so unique is that participants can water ski, and kneeboard WITHOUT A BOAT! they are pulled around a 10-acre lake at speeds of 18-200 miles per hour by a circulating cable system that runs 35 feet abovew the water.
Wakeboarding is the country'ds fastest growing water and Wake Nation Cincinnati is the first and only cabls wake park inOhio -- in there are only six othet cable wakeboarding parks in the entire USA (mostly in Floridza and Texas.) Wake Natiob opened to rave reviews May 3. USA Wakeboard is one of nine spory divisions of USA Water Ski and is the nationap governing body of organized wakeboarding in theUnited States. USA Watefr Ski is a member of the Internationakl Water SkiFederation (worlx governing body), the Pan American Sports Organizatiom and the United States Olympic Committee. Wake Nation is open daily all summerlong (through October) from 10 a.m. to seven days a week.
For more call (513) 887-WAKE or email . .
Sunday, 25 March 2012
Local former Chrysler, GM dealers look to sell used cars - Los Angeles Business from bizjournals:
Tony Wilkerson, executive directod of the , said his organization has begun to lend assistanced to dealers lost in thebankruptcy “Our national organization has already sent letters to them to let them know abouy our organization and I plan to do the same thingh for our state,” Wilkerson said. “They were in the used car busineswsanyway – but if you’re stucik like many of them are, the overhea costs for a used car dealership is nothing comparer to a franchise.
” However, the expansion of the locap used car market comes as prices are increasing and the availabilituy of late-model used cars is pinched, he But according to Morgann Murphy, president of motorpool.com, the initial increased in prices should be looked at as merel a short-term hurdle. “Ay first glance, that would strike the communith as bad but in thelong run, it’s good for resale values,” Murphy said.
When local consumers buy cars, they will be able to demandr more when they choos tosell it, he In fact, the higher resale values mighrt actually revive American car dealers in the “American manufacturing has been similart and just as good as Japaness and Korean manufacturing, but the problem has been re-sale value and initial prices,” Murphy said. In the Birmingham dealers affected can capitalize on the unique landscap of the local market on the usedcar side, he Many are family-owned and have been staples in the community for many decades.
They are also encouraged by the fact that locapl used car sales have seen an uptick amid the recession as buyers are more inclined to look for a bargainn as a means tospendf less. “Birmingham has a long and distinguished historyu ofreputable dealers,” Murphy said. “Don Drennen has been in busineszssince 1908. That’s 101 year of serving our community, so there’s a culturwe around businesseslike that.
” Their long-standiny history could make local buyers more inclineed to buy used cars from them, he Ward Drennen, president of Don Drennen Buick Chrysletr and Jeep, said after learninyg that his dealer agreement had been canceled with expanding his used car sales seemed like a real “We are going to expandd our used car departments drastically,” said Drennen, who was left with more than $2 milliomn in Chrysler parts and merchandise.
“We want to offer a greaf value to peoplewho can’t afford a new Although he hasn’t stopped looking into becoming a franchisew for other automotive manufacturers, he is open to the idea of makiny the switch to stay in business. “Irt is possible that we could become a usedcar superstore,” said who also learned that GM will seek to cancelk the dealership agreement he has for his Buick “We’ve been in Birmingham long enough that our reputation can keep us
Friday, 23 March 2012
Vanpooling service coming to region - Business First of Buffalo:
The two-year pilot is expected to beginb bythe fall. The program is a partnership of the Capita DistrictTransportation Authority, the Capital District Transportation Committee, the Downtown Albany Businessx Improvement District, the state Departmenf of Transportation and the . is currentlg recruiting businesses that might have employees coming from the same regiojn who would be interested in participating inthe “The main thing is you have to have at leasf a minimum number of people to use the Janack said. The way the program would work is one of the participantw would also act asthe driver.
The van woul be assigned to a participant/driver, stay at that person’se place of employment during the day and remain atthe driver’se home in the evening. The company providing the wheelsis Inc. out of N.J. VPSI had $62 million in revenue in 2008. VPSI was formedx in 1977 and startedfor employees. Today, the companhy has 5,000 vans in operation in more than 45 stateeand 50,000 passengers. VPSI reported “At this as soon as possible we hope to begin rollingyvans out,” said Jesse Kafka, VPSI’s business development executive. The company expects to have 20 vans in operatiojn withintwo years.
“We expect to add one van or so each monthy through the life ofthe program,” he For more information, call Mila Vega a CDTA plannedr at 437-6865.
Wednesday, 21 March 2012
Monday, 19 March 2012
Friday, 16 March 2012
16-year-old could be tried as an adult based on seriousness of crime, criminal ... - The Saginaw News - MLive.com
The Saginaw News - MLive.com | 16-year-old could be tried as an adult based on seriousness of crime, criminal ... The Saginaw News - MLive.com The prosecutor's office considered the seriousness of the crime, assault with intent to commit murder, and the fact that multiple shots were fired that could have struck the two other teenagers walking with the victim, Thomas said. |
Wednesday, 14 March 2012
India Inflation Rises, Crimping Scope for Interest-Rate Cut - BusinessWeek
Moneycontrol.com | India Inflation Rises, Crimping Scope for Interest-Rate Cut BusinessWeek By Unni Krishnan on March 14, 2012 India's (INGDPY) inflation accelerated for the first time in five months in February, weakening the case for an interest-rate cut to counter slower economic growth. The benchmark wholesale-price index rose 6.95 ... India Inf lation Quickens, Crimping Scope for Interest-Rate Cut |
Monday, 12 March 2012
Southwest Airlines Applies For Slots At Ronald Reagan WashingtonNational Airport - NASDAQ
Southwest Airlines Applies For Slots At Ronald Reagan WashingtonNational Airport NASDAQ (RTTNews.com) - Southwest Airlines Co. (LUV) said Monday that it has filed an application with the US Department of Transportation for slots that would » |
Saturday, 10 March 2012
Ohio sues three foreclosure rescue firms - Dayton Business Journal:
Cordray’s office said Thursday that it filed lawsuitsagainsyt , LLC and Michael Brotherton, who does business as in the Daytonn area. The state is looking to shut down the operationsin Ohio. The suit against 21st Century Legal Services alleges it promised to help homeowners restructure loans for a fee ofbetweenn $1,500 and $2,600. The company, Cordray’s office told customers to stop making payments on their home loans with the expectation that the firm woulx take care ofthe rest. The state outlines similar claimsa against the other two firmsbeing sued.
Cordray’ws office said it has issued 23 cease-and-desist notices to 21st Century and Cleveland-based Foreclosure Home Assistance since May. It’ss charging each company with a violation of statew consumer law and the DebtAdjusters Act, seekinv reimbursement for customers and looking to levy a $25,009 penalty for each violation of state law. The stat didn’t outline the extent of the complaintsx it received onthe companies. A representative for Cordray’s office wasn’f immediately available to comment. A messagee seeking comment was left with 21st CenturyuThursday afternoon.
Contact information for Foreclosure Assistancse andBrotherton wasn’t
Thursday, 8 March 2012
Price Chopper shoppers can save money at Sunoco - Orlando Business Journal:
region can now save on gasoline for their car when they spencd money in thesupermarket chain. Price Choppedr has teamed up with more than 70 stationxs to offerFuel AdvantEdge, a prograjm that has been available for more than two yearw in other areas serviced by the groceruy chain. Consumers can save 10 cents per gallo at participating Sunoco stations forevery $50 of qualified grocerieas they purchase. The points/dollars can be accumulated overa 90-day period and spentg on up to 20 gallons of gas. Sunoco customerse in other areas have savef upwards of 50 cent to60 cents, and even $1 or more per through the program, according to Jeff Hassman, channeo marketing manager for the gas stations.
The number of participatintg stationswill grow, said Neil president and CEO of Price Customers must use their Price Chopper AdvantEdgse card to qualify for the savings. The supermarket automaticallyh tracks the purchases that can be applied toward the fuelsavingsw program. Certain restrictions apply. For purchases of alcohol, gift cards, lottery tickets, video rental and some other items don’t count toward the $50
Tuesday, 6 March 2012
Interior focus - Houston Business Journal:
At , Inc., that scenario won’t become a reality because compangy president Frank Bryan and the work sitesupervisorss won’t allow it. One challenge for B&B Specialty Contractors is maintaining a professionalk image among itsconstruction staff, something which is especiallgy important due to its focus on the finish-out of commercial interiors. This mean its employees find themselvesin industrial, hospitality, retail, medical and educationb work spaces every day, a situation which requires a speciak touch. “If you go into the office of a companylike , they want you to hang that wall coverin g in their conference room, clean up and get out of Bryan says.
“They don’t want to know you were even B&B Specialty Contractors doesn’t allow its constructiom workers to have earrings or other It also requires them to wear shirts with the compan logo and ashirt pocket. Shirta must also be tucked in whilee employees are on thejob site. The compan y also takes job site conductvery seriously, not allowing cursing or any other disruptive behavior. This has a been a significantr set of rules forthe company’s employees sincer Bryan founded it in 1977. “We work around occupiedx space and we understanda company’s need to conducft its business and be around construction at the same time,” Bryanj says.
“We pride ourselves on staying out ofa customer’ss way as much as we can.” Anothef of B&B Specialty Contractors’ main as with any construction company, is to preventy cost overruns on projects. B&B Specialtyu Contractors prevents cost overruns in many but especially by carefully choosing whicbh companies it partners with on The company might do millions of dollarws of work with a particularsubcontractorr annually, which helps ensure quality becaus e it becomes a long-term business relationship.
To maintain that work flow over the long companies will go out of their way to makesure B&B Specialty and their clients, are “By partnering with select subcontractors and doing a volume of businesss with those firms virtually eliminates nickel-and-diming the client,” Bryan “Also, prompt payment to subcontractors and vendors enables us to achieves the very best for the investment passing these savings alon to the client.” B&B Specialty Contractors also continuallyt monitors every job to make sure it stays on time and underr budget, making sure it keeps the property ownerss and developers in the loop of communication.
Kevijn Clarkson, senior vice president of asset services with got toknow B&B Specialty Contractors when the company was workinbg as a subcontractor for a different genera l contractor years ago. “Through that experience and afterr we realized that they did more than subcontractor we started working with them as a general Clarkson says. B&B Specialty focus on tenant improvement andinfill work, especially in office buildings, has set the companyg apart when it comes to dealing with clientsx such as CB Richard Ellis.
“Theyh don’t build things out of the ground andtherefore they’re geared up to do very specific jobs whicn make up a chunk of our business,” Clarkson says. “The relationship reallyg works well.” B&B Specialty Contractor has been diligent about getting good pricing and has alwayzs beenon deadline, according to Clarkson. “Those qualitiea matched up one-for-one with what makes CB Richarr Ellisstand out,” he “We’re always deadline driven and we’re alwayas cost driven.
It meshes very
Sunday, 4 March 2012
SBA offers help to car dealers - Tampa Bay Business Journal:
The government-guaranteed loans will be availablr to dealers to financ e their auto and other known in the industry as afloor plan. Througb SBA lenders, the dealer floor-plan financingt will provide lines of credit throughthe 7(a) progra for titled inventory, including cars, recreational boats and motorcycles. Dealers can borrow $500,000 to $2 milliobn against their inventory, and repay the debt as they sell The loans, which have a maximum repayment term of five will have a 75 percen government guarantee. As part of the American Recoverh andReinvestment Act, fees on 7(a) loan s are also being eliminated temporarily.
“Countless smallo businesses, including dealerships, across the country are facinfg significant challenges as a result of the uncertainth in theauto industry,” SBA Administrator Karen Mills said. “Floor-plan financing can offer some dealerships the opportunity to get through thesr tough economic times by allowing them to keep theirr inventory and cashflow intact, as well as save the jobs thesw small businesses provide.” Amid the economic turmoilp and low auto sales, car dealers nationwide have run into problemw keeping their floor plans through banks and auto Most need them to be able to financ and stock inventory.
The program will run untilp September 2010, when the SBA will decider whether toextend it.
Friday, 2 March 2012
Senior center schedules - Carroll County Times
Senior center schedules Carroll County Times 3 Be Truthful. Don't knowingly lie about anyone or anything. 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person. 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts. Ellensburg boys basketb » |