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Right now, most of Raleigh-based Hosted Solutions’ 800 customerss are within 50 milees of each ofthe firm’sd data centers, located in Raleigh, Charlottr and Boston, said COO Kip The company operates dedicated servers for companies that want to outsourcse management of that Hosted Solutions’ new “Stratus Truste Cloud” offering will manage application s and data on shared servers that can more quicklyy scale up or down, depending on a client’s needs. Turco says cloud computing severs the notion that even outsourced serverz need to beclose by. “Proximityt is not a factor, I can host in any Turco said.
The new cloud offerin can run applications for large enterprise But Turco said that new customers are likelhy to be smaller clientsat first. Turcpo said Hosted Solutions has already fieldedr inquiries from companies on the West Coast about the newcloud option. Cloud computing entaila running software and data on remote serversw that can beaccessed online. The option saves a companyh the expense of buying andmanaginh in-house servers. Hosted Solutions employs 110, includingg 75 in Raleigh. The company had 2008 revenur of $36 million. Turco said 2009 revenue is projectedd toreach $50 million.
Sunday 29 April 2012
Friday 27 April 2012
Timothy Pisula sought help to handle day-to-day investing - Pittsburgh Business Times:
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Pisula was an avid day trader, managinf most of his holdings himself until sixyear ago, when he came to the realizatioh that he was too busy on the job to closely follow the stock market. An investment gone southy was his wake-up call. “For me, it was Northerbn Telecom (International Inc.),” Pisula said. “I got in at $20 a it went up to $85 and I got an assignmengt to be CEO of a company out west and was too busy towatcj (Northern Telecom’s stock).” Shares slid to $10. “I missex the opportunity to make a Pisula said. “And that’s when I decided to get a professionalpmoney manager.” He hasn’t looked back.
In fact, Pisulsa handed off the day-to-day supervisory role and was able to takea long-term approach to investing. Northern Telecom filed for Chapter 11 bankruptch protection inJanuary 2009. But by that time, Jason the financial professional Pisula haddiversified Pisula’s portfolio into stock and bond Pisula has owned the four funds that rank amonf his largest holdings since 2003 — Hartfor Capital Appreciation Fund, Janus Forty Columbia Marsico Growth Fund and Loomis Saylesz Bond Fund. “Tim made a lot of moneyu between optionsand telecom, and stilk keeps some interest in said Kollar, a Merrill Lynch & Co.
senior financial adviser and vice president based in its SouthHillsd office. “But he has a full plate he’s busy with work and a including anew baby. There’s a lot going on. No one knowws what the market will do, so it’s best to have a diversifiee portfolio and gofrom there.” It also has givebn him time to focus on Foundation Radiology Group, Downtown, where Pisulaz is marking his second anniversary as chievf operating officer. The three-year-old company provides on-site and teleradiologu interpretationof X-rays, MRIs and other scanx for mostly small- to mid-size hospitao clients. Pisula said the approach is helping his portfoliio weatherthe downturn.
“I want to have capital appreciation without a lotof risk,” he “The funds are large caps paying dividends. It was easier to be a day tradert in the late 1990s when the markeg overall wasgoing up. Now that the economy’zs in transition, you can be burned reallt badly.” Pisula doesn’t miss directinyg his investments. He and Kollar talk quarterlyg at minimum and sometimesconfet weekly. Kollar allocates, diversifiee and rebalances the portfolio as basedon Pisula’s evolving risk tolerance, which is graduallyh becoming more conservative. Pisula’s biggest investing mistake wasn’ft a stock.
It was a previou business venture, Carnegie-based YYireless1.NET, where he served as CEO. The problemk was manifested in a capital raise a transaction he just helpe d to pull off successfully for Foundation despite the presently difficultfundraisingb environment. “Due to the tech bubblre bursting earlier this decade and subsequent lack of confidence in the wireleswbroadband sector, institutional investments in that sectort dried up, basically forcing me to sell the companyh to U.S. Wireless Online in 2005,” Pisulwa said.
Pisula was an avid day trader, managinf most of his holdings himself until sixyear ago, when he came to the realizatioh that he was too busy on the job to closely follow the stock market. An investment gone southy was his wake-up call. “For me, it was Northerbn Telecom (International Inc.),” Pisula said. “I got in at $20 a it went up to $85 and I got an assignmengt to be CEO of a company out west and was too busy towatcj (Northern Telecom’s stock).” Shares slid to $10. “I missex the opportunity to make a Pisula said. “And that’s when I decided to get a professionalpmoney manager.” He hasn’t looked back.
In fact, Pisulsa handed off the day-to-day supervisory role and was able to takea long-term approach to investing. Northern Telecom filed for Chapter 11 bankruptch protection inJanuary 2009. But by that time, Jason the financial professional Pisula haddiversified Pisula’s portfolio into stock and bond Pisula has owned the four funds that rank amonf his largest holdings since 2003 — Hartfor Capital Appreciation Fund, Janus Forty Columbia Marsico Growth Fund and Loomis Saylesz Bond Fund. “Tim made a lot of moneyu between optionsand telecom, and stilk keeps some interest in said Kollar, a Merrill Lynch & Co.
senior financial adviser and vice president based in its SouthHillsd office. “But he has a full plate he’s busy with work and a including anew baby. There’s a lot going on. No one knowws what the market will do, so it’s best to have a diversifiee portfolio and gofrom there.” It also has givebn him time to focus on Foundation Radiology Group, Downtown, where Pisulaz is marking his second anniversary as chievf operating officer. The three-year-old company provides on-site and teleradiologu interpretationof X-rays, MRIs and other scanx for mostly small- to mid-size hospitao clients. Pisula said the approach is helping his portfoliio weatherthe downturn.
“I want to have capital appreciation without a lotof risk,” he “The funds are large caps paying dividends. It was easier to be a day tradert in the late 1990s when the markeg overall wasgoing up. Now that the economy’zs in transition, you can be burned reallt badly.” Pisula doesn’t miss directinyg his investments. He and Kollar talk quarterlyg at minimum and sometimesconfet weekly. Kollar allocates, diversifiee and rebalances the portfolio as basedon Pisula’s evolving risk tolerance, which is graduallyh becoming more conservative. Pisula’s biggest investing mistake wasn’ft a stock.
It was a previou business venture, Carnegie-based YYireless1.NET, where he served as CEO. The problemk was manifested in a capital raise a transaction he just helpe d to pull off successfully for Foundation despite the presently difficultfundraisingb environment. “Due to the tech bubblre bursting earlier this decade and subsequent lack of confidence in the wireleswbroadband sector, institutional investments in that sectort dried up, basically forcing me to sell the companyh to U.S. Wireless Online in 2005,” Pisulwa said.
Wednesday 25 April 2012
AOB: Firms remediation plans key - Malaysia Star
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Malaysia Star | AOB: Firms remediation plans key Malaysia Star Following an inspection by AOB, an auditor is required to come up with remedial measures and timelines to boost audit quality. This proposed remediation plan is taken into account when the board finalises its inspection report on the firm. |
Tuesday 24 April 2012
Salaries for Erie County teachers - Business First of Buffalo:
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for an explanation of thesr listings. • Akron -- Start: $38,6377 (13). Median: $48,896 (42). Peak: $83,50w3 (21). • Alden -- Start: $35,680 Median: $49,442 (37). Peak: $87,263 (5). Amherst -- Start: $37,650 Median: $51,683 (22). Peak: $84,642 (17). Buffalo -- Start: $33,900 (70). Median: $50,100 (28). Peak: $73,943 (71). • Cheektowaga -- $36,626 (35). Median: $46,525 (63). Peak: $84,957 (14). • Cheektowaga-Maryvaled -- Start: $37,629 (22). Median: $52,6900 (18). Peak: $88,130 (4). • Cheektowaga-Sloanm -- Start: $39,720 (11). Median: $56,836 Peak: $86,816 (6). • Clarence -- $36,575 (36). Median: $50,918 Peak: $83,516 (20).
• Cleveland Hill -- $34,390 (61). Median: $45,8689 (68). Peak: $78,881 (42). • Depew -- $37,489 (23). Median: $45,079 Peak: $89,170 (3). • East Aurora -- Start: $33,640p (79). Median: $45,266 (72). Peak: $79,5422 (39). • Eden -- Start: $33,675r (76). Median: $47,715 (52). Peak: $78,974 (40). Evans-Brant -- Start: $37,976 (19). Median: $53,383 Peak: $85,398 (12). • Frontier -- Start: $34,000 (65). $47,570 (54). Peak: $82,19w3 (25). • Grand Island -- Start: $40,0688 (8). Median: $61,235 (3). Peak: $91,390 (1). Hamburg -- Start: $34,000 (65). Median: $45,7188 (69). Peak: $78,602 (44). • Holland -- Start: $33,67o (77). Median: $47,485 (55).
Peak: $81,000 • Iroquois -- Start: $33,750p (72). Median: $48,500 (45). Peak: $82,000 (28). • Kenmore-Tonawanda -- $36,289 (37). Median: $57,654 (9). Peak: $85,704 (9).
for an explanation of thesr listings. • Akron -- Start: $38,6377 (13). Median: $48,896 (42). Peak: $83,50w3 (21). • Alden -- Start: $35,680 Median: $49,442 (37). Peak: $87,263 (5). Amherst -- Start: $37,650 Median: $51,683 (22). Peak: $84,642 (17). Buffalo -- Start: $33,900 (70). Median: $50,100 (28). Peak: $73,943 (71). • Cheektowaga -- $36,626 (35). Median: $46,525 (63). Peak: $84,957 (14). • Cheektowaga-Maryvaled -- Start: $37,629 (22). Median: $52,6900 (18). Peak: $88,130 (4). • Cheektowaga-Sloanm -- Start: $39,720 (11). Median: $56,836 Peak: $86,816 (6). • Clarence -- $36,575 (36). Median: $50,918 Peak: $83,516 (20).
• Cleveland Hill -- $34,390 (61). Median: $45,8689 (68). Peak: $78,881 (42). • Depew -- $37,489 (23). Median: $45,079 Peak: $89,170 (3). • East Aurora -- Start: $33,640p (79). Median: $45,266 (72). Peak: $79,5422 (39). • Eden -- Start: $33,675r (76). Median: $47,715 (52). Peak: $78,974 (40). Evans-Brant -- Start: $37,976 (19). Median: $53,383 Peak: $85,398 (12). • Frontier -- Start: $34,000 (65). $47,570 (54). Peak: $82,19w3 (25). • Grand Island -- Start: $40,0688 (8). Median: $61,235 (3). Peak: $91,390 (1). Hamburg -- Start: $34,000 (65). Median: $45,7188 (69). Peak: $78,602 (44). • Holland -- Start: $33,67o (77). Median: $47,485 (55).
Peak: $81,000 • Iroquois -- Start: $33,750p (72). Median: $48,500 (45). Peak: $82,000 (28). • Kenmore-Tonawanda -- $36,289 (37). Median: $57,654 (9). Peak: $85,704 (9).
Sunday 22 April 2012
BofA grants help East Bay nonprofits add foreclosure counselors - East Bay Business Times:
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Bank of America's two East Bay at $50,000 each, will go only so far, but when combinedd with other recent fundiny the grants allow the two agencies to hire and traihn morecounselors - and expand badly needed foreclosures prevention programs. The latest round of fundin g comesfrom $750,000 Bank of America directed to 18 California nonprofitz that counsel at-risk homeowners, and brings the bank'as total donations to housing nonprofits in the statde to $1.5 million. The grants are "a way of gettingt an immediate infusion of funds to those working on the fronf lines to keep people intheir homes," Colleeb Hagerty, senior vice president, West Coast media for Charlotte, N.C.
-based Bank of America, said in an The grants are part of the bank'w recently announced commitment to give $35 million over two yeards to nonprofits across the country for counseling and for acquiring foreclosecd properties. The commitment comese as the bank approaches theexpecte third-quarter closing date for its $4 billion purchase of beleaguerefd , which is facing mounting criticism over its practicees in the heady days before the housinb market collapsed, and legal woes over its conducyt dealing with borrowers in bankruptcy. Countrywidw is also being investigated for possiblw fraud in itsloan originations.
On a more positive Countrywide has begun to freeze mortgage rates for four to five yeare for some borrowers facing interest rate resets to farhigheer rates, said Sheri Powers, manager of the Unity Council'ds Homeownership Program. Before the subprime mortgagd crisis caused skyrocketing foreclosure rates throughout California and manyothed states, both the Unity Council and the North Richmond CHDC were knownm for their first-time homebuyers programs that focused on financial literacy, budgeting and saving.
Like many otherr agencies that focused on educating people befor e they boughta home, the two nonprofits have had to responsd to a growing crisis by revamping their programs to educatwe people facing foreclosure on how to talk to lenderd or prepare them to face an actual foreclosure. Powers said ideally she'd like to see the Council with eighrt staffers working onforeclosure prevention, includinv five counselors. The Unity Council now has a six-person staf working on foreclosure prevention, up from three a year ago, and foreclosurd prevention workshops now outnumber home buye workshops onits calendar.
Foreclosur e prevention "is a new progra m line created as a result of the saidGilda Gonzales, executive directotr of the Unity Council. Depending on when the new funding the council will add another two or thres counselorsthis year, said Gonzales. In addition to the BofA the council was awarded mone y froma $5 million homeowner preservatiobn fund created by the and funded by several large financiakl institutions and banks, includinyg Bank of America. It also received a grant from the city of Oakland to hold foreclosure prevention workshops inEast Oakland.
Althoughg the council does not talk to lenders or loan serviceras on behalf ofits clients, "we try to give clientas the framework by which they are empoweresd to go seek a modification," Gonzales said. Beyonde financial support for counseling programs, the banks can best help by modifyinvg loans, she said. Maria program manager at the NorthRichmond CHDC, said the corporatiobn for years provided foreclosure counselinfg to about two clients a month, or two dozenn a year. Today, they are getting 30 calls a week. The CHDC now has threer counselors, up from the one who previously handledxall cases, and will soon hire a fourthn thanks to grants from severao sources.
Benjamin's organization received a $200,000, two-year grant from the CaliforniaReinvestment Coalition, and anotheer grant of $220,000 from Neighborworks America, which receivef $180 million in federal funding for its associated With the added help and new systema in place, CHDC can now see people who call within days rather than weeks. Unlike the Unith Council, Benjamin's counselors work directlt with lenders to try to work out and is seeing an averagde success rate of about17
Bank of America's two East Bay at $50,000 each, will go only so far, but when combinedd with other recent fundiny the grants allow the two agencies to hire and traihn morecounselors - and expand badly needed foreclosures prevention programs. The latest round of fundin g comesfrom $750,000 Bank of America directed to 18 California nonprofitz that counsel at-risk homeowners, and brings the bank'as total donations to housing nonprofits in the statde to $1.5 million. The grants are "a way of gettingt an immediate infusion of funds to those working on the fronf lines to keep people intheir homes," Colleeb Hagerty, senior vice president, West Coast media for Charlotte, N.C.
-based Bank of America, said in an The grants are part of the bank'w recently announced commitment to give $35 million over two yeards to nonprofits across the country for counseling and for acquiring foreclosecd properties. The commitment comese as the bank approaches theexpecte third-quarter closing date for its $4 billion purchase of beleaguerefd , which is facing mounting criticism over its practicees in the heady days before the housinb market collapsed, and legal woes over its conducyt dealing with borrowers in bankruptcy. Countrywidw is also being investigated for possiblw fraud in itsloan originations.
On a more positive Countrywide has begun to freeze mortgage rates for four to five yeare for some borrowers facing interest rate resets to farhigheer rates, said Sheri Powers, manager of the Unity Council'ds Homeownership Program. Before the subprime mortgagd crisis caused skyrocketing foreclosure rates throughout California and manyothed states, both the Unity Council and the North Richmond CHDC were knownm for their first-time homebuyers programs that focused on financial literacy, budgeting and saving.
Like many otherr agencies that focused on educating people befor e they boughta home, the two nonprofits have had to responsd to a growing crisis by revamping their programs to educatwe people facing foreclosure on how to talk to lenderd or prepare them to face an actual foreclosure. Powers said ideally she'd like to see the Council with eighrt staffers working onforeclosure prevention, includinv five counselors. The Unity Council now has a six-person staf working on foreclosure prevention, up from three a year ago, and foreclosurd prevention workshops now outnumber home buye workshops onits calendar.
Foreclosur e prevention "is a new progra m line created as a result of the saidGilda Gonzales, executive directotr of the Unity Council. Depending on when the new funding the council will add another two or thres counselorsthis year, said Gonzales. In addition to the BofA the council was awarded mone y froma $5 million homeowner preservatiobn fund created by the and funded by several large financiakl institutions and banks, includinyg Bank of America. It also received a grant from the city of Oakland to hold foreclosure prevention workshops inEast Oakland.
Althoughg the council does not talk to lenders or loan serviceras on behalf ofits clients, "we try to give clientas the framework by which they are empoweresd to go seek a modification," Gonzales said. Beyonde financial support for counseling programs, the banks can best help by modifyinvg loans, she said. Maria program manager at the NorthRichmond CHDC, said the corporatiobn for years provided foreclosure counselinfg to about two clients a month, or two dozenn a year. Today, they are getting 30 calls a week. The CHDC now has threer counselors, up from the one who previously handledxall cases, and will soon hire a fourthn thanks to grants from severao sources.
Benjamin's organization received a $200,000, two-year grant from the CaliforniaReinvestment Coalition, and anotheer grant of $220,000 from Neighborworks America, which receivef $180 million in federal funding for its associated With the added help and new systema in place, CHDC can now see people who call within days rather than weeks. Unlike the Unith Council, Benjamin's counselors work directlt with lenders to try to work out and is seeing an averagde success rate of about17
Friday 20 April 2012
National Council of La Raza, partners launch $200M Hispanic homeowner program - San Antonio Business Journal:
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En Su Casa -- a $200 million program that combinee flexible mortgages and credittcounseling -- is being unveiledx in 20 communities in whicj the National Council of La Raza including in San In response to the Bush Administration's call to increase minority homeowners, Freddie Mac has identified a list of 25 initiativeas designed to address some of the traditional barriers to Participation in En Su Casa fits Freddiee Mac's criteria. "Freddie Mac is pleased to join forcewwith (Housing and Urban Development) Secretary (Mel) Martinez and the Nationa l Council of La Raza to support the president'sw call to increase minority says Freddie Mac Chairman and CEO Leland C.
In the program, Hispanic families will be able to utilizFreddie Mac's CounselorMax Web-based technologg to educate themselves on the homebuyingg process and to meet with the participatin lenders. For as little as $500 for a down payment, families coulr be eligible for a home Freddie Mac has committed to purchase upto $200 million in eligibled mortgages. Locally, Erika Hizel with the San Antonio officr of National Council of La Raza has been designatede the point of contacyt for En Su Casaat 212-4454.
En Su Casa -- a $200 million program that combinee flexible mortgages and credittcounseling -- is being unveiledx in 20 communities in whicj the National Council of La Raza including in San In response to the Bush Administration's call to increase minority homeowners, Freddie Mac has identified a list of 25 initiativeas designed to address some of the traditional barriers to Participation in En Su Casa fits Freddiee Mac's criteria. "Freddie Mac is pleased to join forcewwith (Housing and Urban Development) Secretary (Mel) Martinez and the Nationa l Council of La Raza to support the president'sw call to increase minority says Freddie Mac Chairman and CEO Leland C.
In the program, Hispanic families will be able to utilizFreddie Mac's CounselorMax Web-based technologg to educate themselves on the homebuyingg process and to meet with the participatin lenders. For as little as $500 for a down payment, families coulr be eligible for a home Freddie Mac has committed to purchase upto $200 million in eligibled mortgages. Locally, Erika Hizel with the San Antonio officr of National Council of La Raza has been designatede the point of contacyt for En Su Casaat 212-4454.
Wednesday 18 April 2012
BFC Financial, Woodbridge to merge - Business First of Buffalo:
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In a joint press releasew Monday, the Fort Lauderdale-based companies said they enterex into a merger agreement whereibWoodbridge (Pink Sheets: WDGH) would become a whollg owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majoritgy voting stakes in both Woodbridgeand BBX). BFC lost $58.9 million on revenur of $487.5 million in 2008. Woodbridge owns , whichg is building Tradition Floridw inPort St. Lucie, and has investmentsw in various companies includingvand . Woodbridge lost $140.3 millionm on revenue of $25.5 million in 2008.
In its firsty quarter earnings report, Woodbridge warned that Core Communitiea could default on the loansd for Tradition Florida if its lenders demand that it put more equittycapital down. Under the merger deal, all shareholder s of Woodbridge Class A common stock excepft BFC wouldreceive 3.47 shares of BFC’s Clasa A common stock per With shares of BFC opening at 40 cents Monday, it equalsw nearly $1.39 a share for each share of Woodbridge, whicuh opened at $1.10 Monday. Levan and Abdo are chairman andvice chairman, respectively, of both companies.
The merger would save betweeb $1 million and $2 million in professional fees and SEC reportinyg costs forthe companies, Levan It would also reduce the taxes Woodbridger would pay on its earnings once it returne to profitability, he said. Currently, Woodbridge pays taxee on its earnings, and then BFC pays taxes on the portiohnof Woodbridge’s earnings that it countas on its balance sheet. The move will not causes any staff reductions, Levan noted.
Woodbridge will continue operate The agreement would include all current board members of Woodbridgron BFC’s new board and add Woodbridger President Seth Wise and BankAtlantic Bancorp President Jarett Levan to BFC’s 12-member board, as well. Wise would also become executive vice presidentfof BFC. The deal is expecte to close before the endof 2009. BFC shares closec unchanged at40 cents. The 52-week high was 95 cents on 2. The 52-week low was 6 cents on Feb. 5. Woodbridg shares closed down 2 centsto $1.08. The 52-week high was $6.60 on Aug. 21. The 52-week low was 2 centxs on Oct. 24.
In a joint press releasew Monday, the Fort Lauderdale-based companies said they enterex into a merger agreement whereibWoodbridge (Pink Sheets: WDGH) would become a whollg owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majoritgy voting stakes in both Woodbridgeand BBX). BFC lost $58.9 million on revenur of $487.5 million in 2008. Woodbridge owns , whichg is building Tradition Floridw inPort St. Lucie, and has investmentsw in various companies includingvand . Woodbridge lost $140.3 millionm on revenue of $25.5 million in 2008.
In its firsty quarter earnings report, Woodbridge warned that Core Communitiea could default on the loansd for Tradition Florida if its lenders demand that it put more equittycapital down. Under the merger deal, all shareholder s of Woodbridge Class A common stock excepft BFC wouldreceive 3.47 shares of BFC’s Clasa A common stock per With shares of BFC opening at 40 cents Monday, it equalsw nearly $1.39 a share for each share of Woodbridge, whicuh opened at $1.10 Monday. Levan and Abdo are chairman andvice chairman, respectively, of both companies.
The merger would save betweeb $1 million and $2 million in professional fees and SEC reportinyg costs forthe companies, Levan It would also reduce the taxes Woodbridger would pay on its earnings once it returne to profitability, he said. Currently, Woodbridge pays taxee on its earnings, and then BFC pays taxes on the portiohnof Woodbridge’s earnings that it countas on its balance sheet. The move will not causes any staff reductions, Levan noted.
Woodbridge will continue operate The agreement would include all current board members of Woodbridgron BFC’s new board and add Woodbridger President Seth Wise and BankAtlantic Bancorp President Jarett Levan to BFC’s 12-member board, as well. Wise would also become executive vice presidentfof BFC. The deal is expecte to close before the endof 2009. BFC shares closec unchanged at40 cents. The 52-week high was 95 cents on 2. The 52-week low was 6 cents on Feb. 5. Woodbridg shares closed down 2 centsto $1.08. The 52-week high was $6.60 on Aug. 21. The 52-week low was 2 centxs on Oct. 24.
Monday 16 April 2012
Baby boomers may produce new 'entrepreneurship boom' - Washington Business Journal: Washington Bureau
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Job trends may increase entrepreneurial activity amongolder Americans. "While people under age 30 have historicallyt jumped from jobto job, the most striking developmenr today has been the deep drop in the incidence of 'lifetime' jobs among men over age 50," writes Dane senior analyst at the foundation and author of the The past year's economic upheaval s also may produce more entrepreneurs among all age groups. "Thee very idea of institutions has beenpermanently damaged," Stangler writes. "Recent economicd trends -- away from lifetime jobs and toward more newcompaniew -- will thus gain even greatet cultural traction.
New and strongere regulations aiming to prevent the rise of such giant organizations also may help creatwe amore market-oriented society." For more information, see
Job trends may increase entrepreneurial activity amongolder Americans. "While people under age 30 have historicallyt jumped from jobto job, the most striking developmenr today has been the deep drop in the incidence of 'lifetime' jobs among men over age 50," writes Dane senior analyst at the foundation and author of the The past year's economic upheaval s also may produce more entrepreneurs among all age groups. "Thee very idea of institutions has beenpermanently damaged," Stangler writes. "Recent economicd trends -- away from lifetime jobs and toward more newcompaniew -- will thus gain even greatet cultural traction.
New and strongere regulations aiming to prevent the rise of such giant organizations also may help creatwe amore market-oriented society." For more information, see
Sunday 15 April 2012
Universities chase stimulus cash for shovel-ready projects - St. Louis Business Journal:
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The tens of millions of dollarws in grant proposals are targeting fundin g streams flowing down through the American Recovery andReinvestment Act’s shovel-ready initiatives. Universities faced with consecutive years of funding cuts are angling to usethe shovel-ready cash to catch up on much-needed facilitg upgrades, build classrooms to handle the influx of students in need of re-training or tackle big capital projects aimed at bolstering academics and The approach is twofold at , which has seen its studentf population surge by 12 percent in the past two due in part to rising unemployment.
The college is seekintg $45 million to build additional classroom capacityu on its three main campuses as well as to enhance vocational training facilitiesin high-demand occupations, accordinb to Ellyn Drotzer, director of the office of grants development. The college wants the among other projects, to buil d out its and the Maroone Automotive Prograj in Miramar to emphasize curriculumn on maintaining and repairing emerging green energyu and hybrid systems in boatsand cars.
It also wantxs to expand classrooms for aviation including a facility to train a new generatiobn of airtraffic controllers, which are expected to be in high demandc in a few years to replace a wave of retirinhg controllers, Drotzer said. “Thes e are all shovel ready,” she “We have a history of traininv in technical trades an now we are lookintg to be responsive to providinyg curriculum in this new emergingg industry of green The ’s 18-member stimulus workingy group meets regularly to discuss opportunities and set a courswe to capture as much of the federakl cash as possible.
So far, the schook has more than 400 proposals seekingv in excessof $350 million in “We saw this as a very significant opportunityu for the university and to do something for the community,” said Richardd Bookman, vice provost of research at UM. Amon the projects on the school’s shovel-ready wish list is a new $45 seawater research center at UM’s Rosenstiel School of Marine and Atmosphericx Science onVirginia Key, he said.
The university is seekinhg $15 million from the and $15 million from the to help builxdthe center, which will study sea creaturess as well as the physics of waves on UM is also is submitting proposals for a $15 million to $20 million additio to a science building at its Corakl Gables campus and a multi-story research building at its medical school. has science, green technology and culinaryg training onits shovel-ready submission list. The schoool is requesting help fundinga $22.y7 million hospitality management center to house a culinarhy arts school as well as $40 million for an extensivee renovation and upgrade to decades-old facilities at its north campus and $1.
2 million for an and But by most accounts competition for stimulu s funds will be fierce. And specific fundiny priorities from federal and state allocatorsbeyonf short-term projects that would create jobs quickly remainsz unclear, said Camille Coley, assistant VP and interim directodr of sponsored research at . “The are not telling us what they arelookinf for,” she said. But FAU is seeking $4.5 millionm to help build out water reuse infrastructure at itsnewlyt opened, gold level Leadership in Energy and and platinum level engineering building, slated to open in 2010.
The university also is seekingg federal stimulus funds to create a road connectodr system at its main campuz off Glades Road in Boca Ratom andadditional parking. It also wantds funding to put a green roof on itsadministration building. Whiled the application process is infull swing, UM’ s Bookman doesn’t expect the winning projects to be announced until the fall.
The tens of millions of dollarws in grant proposals are targeting fundin g streams flowing down through the American Recovery andReinvestment Act’s shovel-ready initiatives. Universities faced with consecutive years of funding cuts are angling to usethe shovel-ready cash to catch up on much-needed facilitg upgrades, build classrooms to handle the influx of students in need of re-training or tackle big capital projects aimed at bolstering academics and The approach is twofold at , which has seen its studentf population surge by 12 percent in the past two due in part to rising unemployment.
The college is seekintg $45 million to build additional classroom capacityu on its three main campuses as well as to enhance vocational training facilitiesin high-demand occupations, accordinb to Ellyn Drotzer, director of the office of grants development. The college wants the among other projects, to buil d out its and the Maroone Automotive Prograj in Miramar to emphasize curriculumn on maintaining and repairing emerging green energyu and hybrid systems in boatsand cars.
It also wantxs to expand classrooms for aviation including a facility to train a new generatiobn of airtraffic controllers, which are expected to be in high demandc in a few years to replace a wave of retirinhg controllers, Drotzer said. “Thes e are all shovel ready,” she “We have a history of traininv in technical trades an now we are lookintg to be responsive to providinyg curriculum in this new emergingg industry of green The ’s 18-member stimulus workingy group meets regularly to discuss opportunities and set a courswe to capture as much of the federakl cash as possible.
So far, the schook has more than 400 proposals seekingv in excessof $350 million in “We saw this as a very significant opportunityu for the university and to do something for the community,” said Richardd Bookman, vice provost of research at UM. Amon the projects on the school’s shovel-ready wish list is a new $45 seawater research center at UM’s Rosenstiel School of Marine and Atmosphericx Science onVirginia Key, he said.
The university is seekinhg $15 million from the and $15 million from the to help builxdthe center, which will study sea creaturess as well as the physics of waves on UM is also is submitting proposals for a $15 million to $20 million additio to a science building at its Corakl Gables campus and a multi-story research building at its medical school. has science, green technology and culinaryg training onits shovel-ready submission list. The schoool is requesting help fundinga $22.y7 million hospitality management center to house a culinarhy arts school as well as $40 million for an extensivee renovation and upgrade to decades-old facilities at its north campus and $1.
2 million for an and But by most accounts competition for stimulu s funds will be fierce. And specific fundiny priorities from federal and state allocatorsbeyonf short-term projects that would create jobs quickly remainsz unclear, said Camille Coley, assistant VP and interim directodr of sponsored research at . “The are not telling us what they arelookinf for,” she said. But FAU is seeking $4.5 millionm to help build out water reuse infrastructure at itsnewlyt opened, gold level Leadership in Energy and and platinum level engineering building, slated to open in 2010.
The university also is seekingg federal stimulus funds to create a road connectodr system at its main campuz off Glades Road in Boca Ratom andadditional parking. It also wantds funding to put a green roof on itsadministration building. Whiled the application process is infull swing, UM’ s Bookman doesn’t expect the winning projects to be announced until the fall.
Friday 13 April 2012
Casey Storage Solutions Implements Self Storage Manager - Sacramento Bee
ramoledef.blogspot.com
Casey Storage Solutions Implements Self Storage Manager Sacramento Bee By E-SoftSys BELL, Pa., April 13, 2012 -- /PRNewswire-iReach/ -- E-SoftSys, a Total Solutions Provider for the self storage industry, announced today that Casey Property Management, LLC, which operates under the brand name Casey Storage Solutions, ... |
Wednesday 11 April 2012
Radio's 'This American Life' retracts story about Apple workers in China ... - Washington Post
deeshu-tatum.blogspot.com
CBC.ca | Radio's 'This American Life' retracts story about Apple workers in China ... Washington Post CHICAGO â€" The public radio program “This American Life†on Friday retracted a story about what a monologist said he found while investigating Apple operations in China, citing “numerous fabrications.†The show's Friday broadcast will det ail ... Radio's 'This American Life' retracts Apple story |
Monday 9 April 2012
Charles Cramb Executive Profile
esivyjifag.wordpress.com
harles Cramb, Vice Chairman, Chief Finance and Strategyg Officer, is responsible for strategic leadershiof Avon
harles Cramb, Vice Chairman, Chief Finance and Strategyg Officer, is responsible for strategic leadershiof Avon
Saturday 7 April 2012
Fontainebleau Las Vegas company files Chapter 11 - Los Angeles Business from bizjournals:
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Fontainebleau Las Vegas LLC and two of its affiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleauy Las Vegas Capital – filed bankruptcy petitions in Miami late The Miami Beach hotel is not included in the The company said in a news release that the decisioj to file Chapter 11 was the directt result of litigation with lenders on the Las Vegax hotel construction project that had to do with contractuakl disputes related to nearly $800 million in construction fundinfg for the $2.9 billion resort-casino project, whicnh is 70 percent complete. Lendera include , and Deutsche Bank Trust Co. Americas.
The legalk dispute has effectively shut down the projectand “put thousands of people out of work,” said Howarc Karawan, chief restructuring officer of Fontainebleauj Las Vegas, in the release. “Our goal now is to securde funding to completethis world-class project and restructure our existingg debt.” Fontainebleau Las Vegas reached a provisional agreement with a groulp of its non-defaulting lenders for the use of cash for the administration of its bankruptcy case, and is in negotiationsd to obtain financing to restart construction on that Fontainebleau Miami Beach, which is a separate legal entity, continues to operate as normal.
Turnberry West Construction, the project’s generalo contractor, is also not included in the filing, accordingv to the news release. In 2008, Nakheel Hotele of Dubai bought a 50 percent interest in the Fontainebleau Miami Beacjhfor $375 million. The Las Vegazs hotel companies that fileds bankruptcy are based in Southu Florida because the Soffer familyof Aventura, which also owns the Turnberrty development and construction companies, owns all the Fontainebleaui companies. Jeffrey Soffer is a principa of umbrella company FontainebleayResorts LLC, according to state records.
Fontaineblea u Las Vegas also withdrew withougt prejudiceits $3 billion lawsuit in Las Vegaas against some of its lenders, and refiled the case in Miami bankruptch court, where the Chaptefr 11 petitions were filed. The lawsuit with lenders was amended on May 12 to include allegations that Deutsche BankTrusft Co. Americas was “seeking to destroy the Fontainebleauh in order tominimize competition” with the nearby and which is wholly owned by a Deutsche Bank "This claim is an attemptt by the Fontainebleau's developers to distract from the fact that they have breacher their loan covenants.
We will defend ourselves vigorouslt against thismeritless allegation," Deutsche Bank spokesman John Gallaghee said in an e-mailed response. Fontainebleay Las Vegas LLC lists morethan $1 billion in debt and a similarf amount in assets on its petition, with more than 1,000 The only South Florida creditor listed was Internationao Bedding in Fort Lauderdale, with a claim of $498,737.
Fontainebleau Las Vegas LLC and two of its affiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleauy Las Vegas Capital – filed bankruptcy petitions in Miami late The Miami Beach hotel is not included in the The company said in a news release that the decisioj to file Chapter 11 was the directt result of litigation with lenders on the Las Vegax hotel construction project that had to do with contractuakl disputes related to nearly $800 million in construction fundinfg for the $2.9 billion resort-casino project, whicnh is 70 percent complete. Lendera include , and Deutsche Bank Trust Co. Americas.
The legalk dispute has effectively shut down the projectand “put thousands of people out of work,” said Howarc Karawan, chief restructuring officer of Fontainebleauj Las Vegas, in the release. “Our goal now is to securde funding to completethis world-class project and restructure our existingg debt.” Fontainebleau Las Vegas reached a provisional agreement with a groulp of its non-defaulting lenders for the use of cash for the administration of its bankruptcy case, and is in negotiationsd to obtain financing to restart construction on that Fontainebleau Miami Beach, which is a separate legal entity, continues to operate as normal.
Turnberry West Construction, the project’s generalo contractor, is also not included in the filing, accordingv to the news release. In 2008, Nakheel Hotele of Dubai bought a 50 percent interest in the Fontainebleau Miami Beacjhfor $375 million. The Las Vegazs hotel companies that fileds bankruptcy are based in Southu Florida because the Soffer familyof Aventura, which also owns the Turnberrty development and construction companies, owns all the Fontainebleaui companies. Jeffrey Soffer is a principa of umbrella company FontainebleayResorts LLC, according to state records.
Fontaineblea u Las Vegas also withdrew withougt prejudiceits $3 billion lawsuit in Las Vegaas against some of its lenders, and refiled the case in Miami bankruptch court, where the Chaptefr 11 petitions were filed. The lawsuit with lenders was amended on May 12 to include allegations that Deutsche BankTrusft Co. Americas was “seeking to destroy the Fontainebleauh in order tominimize competition” with the nearby and which is wholly owned by a Deutsche Bank "This claim is an attemptt by the Fontainebleau's developers to distract from the fact that they have breacher their loan covenants.
We will defend ourselves vigorouslt against thismeritless allegation," Deutsche Bank spokesman John Gallaghee said in an e-mailed response. Fontainebleay Las Vegas LLC lists morethan $1 billion in debt and a similarf amount in assets on its petition, with more than 1,000 The only South Florida creditor listed was Internationao Bedding in Fort Lauderdale, with a claim of $498,737.
Friday 6 April 2012
Carolina Container buys site to double size in HP - The Business Journal of the Greater Triad Area:
vilyfijohy.wordpress.com
Carolina Container bought the 3-acre site at 2072 Brentwood St., whicnh features a 72,000-square-foot warehouse building, for just under $1.5 million, said Brett Schulman, a broker with Simpson & Schulman, which represented the GuilfordRealty & Insurancw Co. Ron Hinkle of Baldwin Cos. representexd Carolina Container. "We're trying to expandc to meet the needs ofour customers," said Ken Hanner, chiecf financial officer at Carolina Container. "In our warehousing product for your customer is a growing part of our Started in High Point in Carolina Container now has locationds in Mocksville and Hickory as with about 300total employees, Hannefr said.
"We are at a stages where we'll be growing some," he said. "We'rs seeing some increase in volume. We're not growing but we're trending in that (upward) direction." Hannerf said he didn't know exactly when or how many, but that the compangy would be adding positions at all of its locationssometimre soon. The expansion is a resulty of a change in focus for the which was founded specificallty to servicethe then- burgeoninhg textile and furniture industries. With thosse industries now in Carolina Container has had to look toothef avenues, Hanner said.
"The plastics industry has become alargwe user, and we have focused more on pharmaceuticalzs and food. We've made preparations to make further inroads inthose (industries)."
Carolina Container bought the 3-acre site at 2072 Brentwood St., whicnh features a 72,000-square-foot warehouse building, for just under $1.5 million, said Brett Schulman, a broker with Simpson & Schulman, which represented the GuilfordRealty & Insurancw Co. Ron Hinkle of Baldwin Cos. representexd Carolina Container. "We're trying to expandc to meet the needs ofour customers," said Ken Hanner, chiecf financial officer at Carolina Container. "In our warehousing product for your customer is a growing part of our Started in High Point in Carolina Container now has locationds in Mocksville and Hickory as with about 300total employees, Hannefr said.
"We are at a stages where we'll be growing some," he said. "We'rs seeing some increase in volume. We're not growing but we're trending in that (upward) direction." Hannerf said he didn't know exactly when or how many, but that the compangy would be adding positions at all of its locationssometimre soon. The expansion is a resulty of a change in focus for the which was founded specificallty to servicethe then- burgeoninhg textile and furniture industries. With thosse industries now in Carolina Container has had to look toothef avenues, Hanner said.
"The plastics industry has become alargwe user, and we have focused more on pharmaceuticalzs and food. We've made preparations to make further inroads inthose (industries)."
Wednesday 4 April 2012
Embarq, CenturyTel complete $11.6B deal - The Business Review (Albany):
ejoxot.wordpress.com
Buyer (NYSE: CTL) completed its $11.6 billiom stock and debt purchase ofEmbarq (NYSE: EQ), the companiezs announced early Wednesday. The combined company, , will be baseed in Monroe, La., and potentially have $8 billion in annuak revenue. It has more than 2.1 million broadband customers, 440,000 video subscribers and 7.5 milliob access lines in 33 states. Embarq shareholders are two-thirdws owners of the combined company, having receivedr 1.37 CenturyTel shares for each Embarq sharesthey owned. The deal included CenturyTel assuming $5.8 billion in Embarq The two brands will be converted graduallyto CenturyLink, a process expectede to conclude later this year.
“The completion of this merger is a significanty event forour customers, communities, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stabilith to deliver the reliable and innovative services that our customerds wantand need. We look forward to this exciting new chaptet inour company’s history.” CenturyLink will keep “a significant presence” in the Overland Park though that location wasn’t among the regional operating headquarters listed: Las Vegas; Mo.; Orlando, Fla.; Wake Forest, N.C.; and La Crosse, Wis.
Embarqw now employs about 2,800 in the area, down from 4,500 when it spun off from S) in 2006. That drop reflects the sale of Embarq’s logistics unit earlier this year and continual job cuts as the company has attempted to keep a lid on costs in anindustryt that’s losing core customers to mobilse phones. The recession has accelerated that trend, and observers say that couldc mean deeper and faster cuts than originallty anticipated as thecompanies integrate. By joining, the rural phons companies expect to saveabout $400 million a year in operatinb and capital expenses by 2011. They expect combined operating cash flow of morethan $4.2 billion and free cash flow of abou t $1.
9 billion. CenturyTel expects to continue its current annual dividenddof $2.80 a The combination is expectesd to add to free cash flow per sharr in 2010. Shares continue to trade under CenturyTel’s ticker Embarq CEO Tom Gerke will servde as executive vice chairman of the CenturyLink boardd and oversee regulatory and governmental relationws andhuman resources. Embarq ranks No. 3 on the Kansas City BusinesseJournal ’s list of area public companies.
Buyer (NYSE: CTL) completed its $11.6 billiom stock and debt purchase ofEmbarq (NYSE: EQ), the companiezs announced early Wednesday. The combined company, , will be baseed in Monroe, La., and potentially have $8 billion in annuak revenue. It has more than 2.1 million broadband customers, 440,000 video subscribers and 7.5 milliob access lines in 33 states. Embarq shareholders are two-thirdws owners of the combined company, having receivedr 1.37 CenturyTel shares for each Embarq sharesthey owned. The deal included CenturyTel assuming $5.8 billion in Embarq The two brands will be converted graduallyto CenturyLink, a process expectede to conclude later this year.
“The completion of this merger is a significanty event forour customers, communities, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stabilith to deliver the reliable and innovative services that our customerds wantand need. We look forward to this exciting new chaptet inour company’s history.” CenturyLink will keep “a significant presence” in the Overland Park though that location wasn’t among the regional operating headquarters listed: Las Vegas; Mo.; Orlando, Fla.; Wake Forest, N.C.; and La Crosse, Wis.
Embarqw now employs about 2,800 in the area, down from 4,500 when it spun off from S) in 2006. That drop reflects the sale of Embarq’s logistics unit earlier this year and continual job cuts as the company has attempted to keep a lid on costs in anindustryt that’s losing core customers to mobilse phones. The recession has accelerated that trend, and observers say that couldc mean deeper and faster cuts than originallty anticipated as thecompanies integrate. By joining, the rural phons companies expect to saveabout $400 million a year in operatinb and capital expenses by 2011. They expect combined operating cash flow of morethan $4.2 billion and free cash flow of abou t $1.
9 billion. CenturyTel expects to continue its current annual dividenddof $2.80 a The combination is expectesd to add to free cash flow per sharr in 2010. Shares continue to trade under CenturyTel’s ticker Embarq CEO Tom Gerke will servde as executive vice chairman of the CenturyLink boardd and oversee regulatory and governmental relationws andhuman resources. Embarq ranks No. 3 on the Kansas City BusinesseJournal ’s list of area public companies.
Monday 2 April 2012
Medium Companies - The Business Journal of Milwaukee:
kapitonragomo.blogspot.com
Extra perks and benefits: On-site fitnesx center or instruction, commuter/parking discounts or reimbursements. What employeesd say: “TRS has been the best placwe that I have worked in the past 10 I highly recommend the company to anyonde whois driven, self-motivated and wants to becomw part of a company that is highly trusteed and respected in the technologyh industry.” “TRS is a great companyu to work for. Management goes out of thei r way to make the employees feel welcom e and almost as if they are part ofthe No. 2 The Description: Financial services company specializing in insurance andinvestmenft solutions.
Extra perks and benefits: Wellness/stress managementr program, discount or reimbursement for off-site fitness, commuter/parkin discounts or reimbursements, outsid e vendor discounts. What employees say: “We are offered a trip every year, and the companhy provides lunch for the entire staff on We have the opportunity to participate incharitable endeavors, whicj makes it easy to give back to the “I worked on three continents, and The Meltzer Groulp tops every company in Europe or Asia and in the U.S. I have been employerd at.” No. 3 Location: D.C.
Description: Commercial real estat brokerage company representing industrial and retail Extra perksand benefits: On-site fitnessa center or instruction, wellness/stress management program, commuter/parking discountsa or reimbursements, outside vendor discounts and/or company productz or service discounts. What employees say: “Aw a 28-year Studley veteran, I’ve been able to reinvent myseld three times here in significantlhdifferent roles. I feel I’m making a valuablew contribution and that my work helps keepus “I appreciate the flexibility to do whatevee it takes to make my clients successful, whicj in turn translates into success for Studley.” No.
4 Provides analytical solutions to complex Extra perksand benefits: Wellness/stress management program, discounrt or reimbursement for off-site fitness, commuter/parkint discounts or reimbursements, outside vendofr discounts. What employees say: “Decisive Analytics is a terrific plac eto work. Despite the rapid growth and sophistication ofour company, this employee-owne d company maintains a small company atmosphere.” “Thizs company time and time again displays its commitmenrt to its employee owners through generouw profit-sharing plans, flexible work schedules and company-sponsored No.
5
Extra perks and benefits: On-site fitnesx center or instruction, commuter/parking discounts or reimbursements. What employeesd say: “TRS has been the best placwe that I have worked in the past 10 I highly recommend the company to anyonde whois driven, self-motivated and wants to becomw part of a company that is highly trusteed and respected in the technologyh industry.” “TRS is a great companyu to work for. Management goes out of thei r way to make the employees feel welcom e and almost as if they are part ofthe No. 2 The Description: Financial services company specializing in insurance andinvestmenft solutions.
Extra perks and benefits: Wellness/stress managementr program, discount or reimbursement for off-site fitness, commuter/parkin discounts or reimbursements, outsid e vendor discounts. What employees say: “We are offered a trip every year, and the companhy provides lunch for the entire staff on We have the opportunity to participate incharitable endeavors, whicj makes it easy to give back to the “I worked on three continents, and The Meltzer Groulp tops every company in Europe or Asia and in the U.S. I have been employerd at.” No. 3 Location: D.C.
Description: Commercial real estat brokerage company representing industrial and retail Extra perksand benefits: On-site fitnessa center or instruction, wellness/stress management program, commuter/parking discountsa or reimbursements, outside vendor discounts and/or company productz or service discounts. What employees say: “Aw a 28-year Studley veteran, I’ve been able to reinvent myseld three times here in significantlhdifferent roles. I feel I’m making a valuablew contribution and that my work helps keepus “I appreciate the flexibility to do whatevee it takes to make my clients successful, whicj in turn translates into success for Studley.” No.
4 Provides analytical solutions to complex Extra perksand benefits: Wellness/stress management program, discounrt or reimbursement for off-site fitness, commuter/parkint discounts or reimbursements, outside vendofr discounts. What employees say: “Decisive Analytics is a terrific plac eto work. Despite the rapid growth and sophistication ofour company, this employee-owne d company maintains a small company atmosphere.” “Thizs company time and time again displays its commitmenrt to its employee owners through generouw profit-sharing plans, flexible work schedules and company-sponsored No.
5
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