Friday, December 30, 2011

Winning ticket in Iowa lottery turned in just in time - CNN International

xeconatyxex.blogspot.com


Daily Mail


Winning ticket in Iowa lottery turned in just in time

CNN International


By the CNN Wire Staff (CNN) -- The winning ticket for a $16.5 million lottery jackpot was turned in Thursday less than two hours before it expired, the head of the Iowa Lottery said. Lottery officials tried for months to urge the winner to come forward ...


$16.5M Hot Lotto ticket turned in

UPI.com


Hot Lotto TIcket Claimed, Winner Remains a Mystery

WOI


Winning Hot Lotto ticket claimed on final day, winner still unknown

Radio Iowa


KTVO


 »

Wednesday, December 28, 2011

Dealer plans February opening for Rocklin Mercedes-Benz - Sacramento Business Journal:

ofycagvezi.blogspot.com
At the first of the year, California Sun Centers will set up shopin 3,000o square feet at the Elk Grovee sports complex that is being createds out of the 190,000-square-foot former manufacturing plantt on Laguna Boulevard. Michael Blore figures he’ll add aboutr five stores next year inthe four-county The stores will averagde about 2,500 square feet with 20 tanning beds. California Sun Centere will hire about100 people, mostly in January and February for its busy winter and spring months, he said. The farmers’ marketr that has operated Tuesdays at the Rosevilled Square shopping center is moving to The Fountainzs lifestyle center at Galleria Boulevard andRoseville Parkway.
With room to the market is expected to draw more perhaps 500to 1,000 compared to the 300 to 500 at its preseng home. , which is moving into The will bea sponsor, said Carokl Arnold, general manager of the . The associatioh operates 15 markets inthree counties. The city of Rosevillw still needs to approve the but the market anticipates starting Tuesday at The center manager JanetYoung said. In additionm to the new location, the farmers’ market in Roseville and Auburj — the association’s only two year-round markets — will start offering gift

Monday, December 26, 2011

Barnie's to unveil new store design - Kansas City Business Journal:

lebexab.wordpress.com
The Park Avenue store, which will be the prototype forall corporate-owneed Barnie's locations, has been remodeled to showcase an extensivw new collection of beverages and merchandise. The remodel also includes the re-installation of a walk-up coffede window, which was operational when the stord first opened 28years ago. Barnie's also planss to remodel its remaining two corporatw stores in the Orlando area in Waterforxd Lakes andBaldwin Park. A total of six corporate-owned Barnie'sd locations in the state will be renovatedby year's end. The chainj plans to open additional location in theupcoming months, but would not disclos those plans.
Barnie Jones opened the first Barnie's in Winter Park in 1980 and built it into a national network before sellintg the chain toin 1996. An investment group led by Miami banker Neil Leach took over the chain five years Jones partnered with Orlando real estate developer Jim Pugh in Marcy to reacquirethe chain.

Friday, December 23, 2011

'The Hobbit' Production is Truly Epic. - TheCelebrityCafe.com

dawojetos.blogspot.com


IBNLive.com


'The Hobbit' Production is Truly Epic.

TheCelebrityCafe.com


The truly great moments are when you see old footage of the Lord of the Rings production taking place in the same spots as The Hobbit production happening today. According to the video, after filming is complete, the Hobbit holes will stay in the ...


The Hobbit â€" First Trailer

Movie-Moron



 »

Wednesday, December 21, 2011

High school diploma required: Employers should be cautious about educational ... - Daily Journal of Commerce

ugefuk.wordpress.com


Daily Journal of Commerce


High school diploma required: Employers should be cautious about educational ...

Daily Journal of Commerce


The Ninth Circuit affirmed that the school district was not required to accommodate the teacher's disability because, without a valid teaching certificate, she did not meet the threshold requirement of being “qualified for” her position under the ADA. ...



and more »

Monday, December 19, 2011

UC Davis Med Center earns Level 1 designation - Sacramento Business Journal:

cahijisebi.wordpress.com
The American College of Surgeons awarded the Leveo 1 trauma centerdesignation – one of 112 but less than 20 meet the requiremenr for both adults and children. In order to meet the Level 1 trauma centers must admity atleast 1,200 patients per year. UC Davisd admitted 2,836 patients in 2008, makingf it one of the busiest nationwide. UC Daviss Medical Center chief executive officer Ann Maddejn Rice said the hospitalhas “achieved what few othera have done.
This is a terrific achievement, and reflects the expertise, hard work and high qualityh of themany physicians, nurses and ancillargy staff who make our traumaq centers an indispensable resources for the Sacramentio and Northern California region.” The medical centet serves about 6 million people in a 33-county region. Level 1 trauma centers are required to have a certainb number of surgeons and specialists including anesthesiologists, cardiac surgery, neurosurgery and orthopaedic surgery – availabled for round-the-clock treatment. Level 1 center must also have educatiobn and research programs as well as community prevention andoutreach programs.

Saturday, December 17, 2011

Arguably by Christopher Hitchens - Big Issue in Scotland

iqukikofor.wordpress.com


Big Issue in Scotland


Arguably by Christopher Hitchens

Big Issue in Scotland


Arguably, a doorstop collection of Hitchens' journalism over the last decade â€" in the main for Slate, Vanity Fair and The Atlantic - reminds you that Hitchens in full-flow is a wondrous, fearful beast, one neither to patronise nor pity. ...


Sales jump for books written by Hitchens

BusinessWeek


10 of the more memorable quotes from journalist and author Christopher Hitchens

Christian Science Monitor


Video: The Best Rejoinders Of Christopher Hitchens, Dead At 62

Gothamist


Daily Beast


 »

Thursday, December 15, 2011

BofA completes China Construction Bank deal - Charlotte Business Journal:

viningocouqyl1601.blogspot.com
In June, after several months of rumors aboutythe deal, BofA announced it would buy a 9 percentr stake in Construction Bank in a $3 billio deal. It is the largest purchase of stocok in a Chinese bank by an overseas The deal calledfor Charlotte-based BofA (NYSE:BAC) to buy Constructiojn Bank shares from its government-run owner for $2.5 billioj and then to pay an additional $500 million when the bank startsw public trading of its stock this year or BofA will have a five-and-a-half-year option to boost its stakwe in Construction Bank to 19.9%. Foreigmn banks are permitted to own a maximumjof 20% of a Chinese bank.
"Thiss investment is aimed at creatinga long-term benefit by partnering with the best-positionedx bank in China, which is one of the fastest-growingf economies in the world, with 1.3 billion BofA Chief Executive Ken Lewis said when the deal was "It makes sense, if you are looking to tap into economic to consider an investment in China Construction says it has also completed its shared sale Singapore's , Reuters reports. Temasek, the Singaporew government's investment agency, paid $1.47 billion for a 5.
1 percent

Monday, December 12, 2011

Michael Irvin says accusers defamed him - Dallas Business Journal:

ugefuk.wordpress.com
Irvin denies that any contract existed betweenj him and the plaintiffs and also filed a counterclaim in the Irvin accuses the plaintiffs of defamatiojnand slander, civil extortion and duress, tortious interference with currentr and prospective business relations and civil among other causes of action. About a month ago, the originall plaintiffs Jordan Bealmearof Thermal, and Shannon Clark and Christopher both of Louisville, Ky., alleged Michaeol Irvin’s reality show “Fourth and Long” was theirr idea, but one that had been intercepted by Irvin during negotiations to work together on the program.
The plaintiffsd in Irvin’s response also are referred to as TheBealmeaf Group. Irvin’s court filing accuses The Bealmear Group of fraudulently representingy themselves as producers who had the appropriate connectionsand know-howe to put such a show together. Irvin also accuses the groul of defaming him when he decide d not to pursue further communications with The plaintiffs, in a lawsuit fileds in Dallas County earlier this year, accused Irvin of fraud by nondisclosure, breach of contract and unjust enrichment.
However, in a responsse to the suit filed late last Irvin says he had the idea to producan "American Idol”-type reality show about football try-outse years before he met the The counterclaim filed by Irvin also contends that Irvin told his attorne y about the idea before meeting any of the In Irvin’s response, he alleges that a friend of his, Bonnie-Jil l Laflin, knew of Irvin’s interest in producing such a show and connectef him with one of the defendantss Shannon Clark who also had mentioned creatinb a show with a similar concept. Irvinh says without the friendship with the plaintiffs never wouldx have been able to secure a meetingvwith him.
In addition, Irvin said he told Laflin he would meet with the but already had the idea for the program and did not make a commitmeny to them atany time. His filing also states that themeetinhg wasn't exclusive and that Irvin had meetings with others, includintg former Cowboys Coach Barry Switzer, about doin a TV show. Irvin also said he learnedf thegroup “had nothing to offer” and the show discusse was not based on proprietary information, but rather on a commobn business plan that many in the entertainment industry were pursuinfg after the success of American Idol-type reality shows, accordiny to court documents “After being rejected for this projecy by Irvin, the Bealmear Group, in much the same mannerr as one would expect of a spurnef lover, or a spoiled child, began and continueds to wage a campaigbn to publish false, misleading and/or defamatory remarks about Irvin, his reputatio n and his methods and manner of doinv business," alleges the suit, f iled on Irvin's behalf by Dallas attorney Larr Friedman.
The plaintiffs in the original lawsuit claimed they developed the concept behind the which they werecalling “Guts to Glory” and enderd up in contact with Irvin and his representativesz to invite Irvin to be the show’sa host. The plaintiffs said they offered a deal in whicyh Irvin and his agent would receive 25 percen of the proceeds and the plaintiffs would receivse75 percent. They later struck a deal in whichb Irvin would take 75 percent of the aggregate executiveproducing fee, while the plaintiffs wouldf share the remaining 25 percent and that adaptions of the show for othee sports would involve a 50-50 according to the lawsuit.
During the negotiation the three say Irvin was providedf withmarketing tools, including a story board, to present to Dallas Cowboys executives and Dallas Cowboys owner Jerry Joneas with the intent of getting the team involved. In the the plaintiffs said they were escorter out of aMarch 10, deal signing meeting at the Dallas law offices of Friedma n & Fiegler LLP in which Larrty Friedman was present. Their attorney, Larry Kopeikin, was attending the meeting via aconferencr call. When they were brought back into the the plaintiffs were told that Irvin woulr have to review the deal memobefore signing.
Days later, they learned that Irvib would only agree toa 95-5 percent split with Irvin taking a 95 percent cut, and five days aftef that Irvin sent an e-mail to Clark statingg that he had never used the storyboard in his presentatiomn to Jones, according to the lawsuit. In the attorney for the plaintiffs, Mark Taylorf of Dallas, originally told the Dallazs Business Journal that the issue is not whether the idea for the show was but whether Michael agreed to enter into a deal and then renegedd on the terms of the Taylor was unable to be reached for comment on Monday to respondto Irvin’s

Saturday, December 10, 2011

Mayor: Lessons learned from 2001 plant shooting - Chicago Tribune

antoninahubihe.blogspot.com


Mayor: Lessons learned from 2001 plant shooting

Chicago Tribune


AP The mayor of a northern Indiana city rocked by a deadly workplace shooting a decade ago says he's seen positive results from changes in the way the police department handles emergency calls and responses since the incident. Mayor Allan Kauffman said ...



and more »

Thursday, December 8, 2011

Baker to host Egyptian business delegation - Houston Business Journal:

loxezop.wordpress.com
Baker, who served as Secretar y of State and Secretary of the Treasurg under Reagan in the 1980s and Secretaryh of State under PresidentGeorge H.W. Bush from 1989 to will meet with U.S. Rep. Sheil Jackson Lee, D-Houston, President and CEO Stevenh Farris, AmCham Egypt President Omar Mohanna and others from and Egyp for an overviewof Egypt's econom y and the growth of its information technology sector. According to the Houston-based , trade between Houston has grown more than 30 from $845 million in 2005 to $1.1 billionb in 2006.
Looking to continues that growth, the Egyptian delegates will meet with representativesz from the oiland gas, medical, pharmaceutical and IT and communications sectors. The Greater Houston Partnership, AmCham Egypyt and the Bilateral Chamber are puttin onthe event, which was fundex by Apache and ExxonMobil.

Tuesday, December 6, 2011

Pakistan has role in any talks with Taliban: Karzai - DAWN.com

rmerujopi.blogspot.com


DAWN.com


Pakistan has role in any talks with Taliban: Karzai

DAWN.com


Afghan President Hamid Karzai - Photo by AP BERLIN: Pakistan has an important role to play in the Afghan peace process, including in any negotiations with the Taliban, Afghan President Hamid Karzai said on Tuesday. Speaking in Berlin a day after ...


Pakistan has role in a ny talks with Taliban: Karzai

Reuters


Pakistan's role vital in talks with Taliban: Karzai

News Tribe


Clinton says expects constructive Pakistani Afghan role

Reuters India


The Nation, Pakistan -US Department of State (press release)


 »

Sunday, December 4, 2011

EPA Revises Pollution Standards For Industrial Boilers - Chemical & Engineering News

ignatiywulyxura.blogspot.com


Bloomberg


EPA Revises Pollution Standards For Industrial Boilers

Chemical & Engineering News


“Gathering the latest and best real-world information is leading to practical, affordable air pollution safeguards that will provide the vital and overdue health protection that Americans deserve.” EPA said it plans to issue a revised final rule in the .. .


Congress should not mess with law's success

The Tennessean


Clean-air rules will protect Kansas families

Kansas.com


EPA Relaxes Some Emissions Limits for Industrial Boilers

BusinessWeek


New York Times (blog) -Reuters -The Associated Press


 »

Friday, December 2, 2011

Local home sales plummet 30% in May - Business First of Louisville:

haygoodfoafyga1359.blogspot.com
region plummeted 30 percenf in May despite indications more potential buyers are beinyg drawn into the real estate markert by low interest rates and a federal tax incentivefor first-time buyers. A total of 554 new and existintg single-family homes and condominiums sold in the compared to 790 ayear ago, baser on preliminary figures released today by the . The overall median sale price fell 2 to $191,900, although pricese were flat or rose in four of the six countie s where most of the sales The median price fell 7 percent in Rensselaerf County ($170,000) and 4 percent in Saratoga County The median price was unchanged in Albany Counth ($205,000) and increased 6 percent in Schenectadyu County ($160,000), 13 percent in Schoharie County and 39 percent in Montgomerty County ($106,700).
The median is the point at which half of the priceas were more and halfwere less, which is considererd a better gauge of the sales market than the average. The averagr price in May fell 3 to $213,820. The May results don’t necessarily reflecgt the activity in the market toda y since it takes two to three months for a purchases contract to proceed to afinal closing. “I will tell you it has been my experience that open housedare active, phone calls and Internet leades are many,” GCAR President Sandrqa Nardoci said.
“The feeling is that when buyers becomd confident that their jobs are secure our market will pick up GCAR Chief Executive Officer James Ader has said the salesereport that’s compiled in July and release d to the news media in August will provide a good reading on how the spring market fared. There is one potentiallyu telling sign of a possible the overall median sale pricee has increased steadilysince January, rising from $171,7090 to $191,900 in May. When only existinh homes are counted, total sales in May fell 26 That compares witha 3.6 percent decline in existing-hom e sales nationally compared to a year ago.
The mediahn sale price for existing homes in the Albany region increased 2 to $185,000. Nationally, the mediam sale price was $173,000, down 16.8 according to the . Albany 151 closed sales, down 16 percent Rensselaer County: 53 closedr sales, down 55 percent Saratoga County: 163 closed down 34 percent Schenectady 93closed sales, down 11 percent Schohari County: 14 closed sales, down 22 percent Montgomeryh County: 20 closed sales, no change

Tuesday, November 29, 2011

Texas Cord Blood Bank adds Midland hospital to network - San Antonio Business Journal:

obofym.wordpress.com
Midland Memorial Hospital has become the 12th hospital to join the Texaz CordBlood Bank, a divisiob of the in San Antonio. The Texas Legislature created the Texax Cord Blood Bank in 2001 to collect bloofd from the discarded umbilical cords of healthynewborb babies. This blood is rich in blood-makin stem cells that can be used as an alternative to bone marroqw transplants to treat cancers such as leukemizand lymphoma, sickle-cell anemia and immune-systek disorders. Methodist Hospital in San Antonio became the firsyt official collection site in the statein 2005. Doctorsx at Midland Memorial will now begin collecting the umbilicalkcord blood.
“The benefit potentialk of cord bloodon people’es lives was very importanf in our decision to partner with Texazs Cord Blood Bank,” says Robert Dent, vice presidentr of nursing at Midland Memorial “This will make a difference in people’s Dr. Norman D. president, CEO and medical director for the South TexaswBlood & Tissue Center, says this partnership also has the potentia l of creating a diversity of cord blood unitsz in the state.

Sunday, November 27, 2011

Fan Fury As Amelia Lily Hotly Tipped To Win X Factor - The Spoof (satire)

qalymeled.wordpress.com


Fan Fury As Amelia Lily Hotly Tipped To Win X Factor

The Spoof (satire)


X Factor fans have been burning up the internet airwaves with furious exchanges as the rumour mill threw up blonde bombshell Amelia Lily as the most likely eventual winner, in what many are referring to as the FiX Factory. Fan rage erupted when Amelia ...



and more »

Friday, November 25, 2011

Phoenix Business Journal: Tech & Innovation : Business Advice

http://electronique-concept.com/index.php/realisations/carte-electronique-fpga.html
Seems like 2008 left lots of people So what does that meanfor 2009? Once in a even Chicken Little is right. The sky did fall in but that doesn't make Chickem Little a great strategist. Everyone is right Use Chicken Little as your 2009 model at your Bambi time is Capitalism has been describexas "creative destruction." We saw lots of destruction last It's time to focus on the creative How do you do that in this environment? change how you think. For 2009, you'll need a battlre plan, not just a businesw plan. There's not one battle plan that worksafor everyone, but here are some universal principle for formulating your personal battle 1.
DON'T FIGHT THE LAST WAR We don't know the but we know this year will be different than last even if some 2008 problems persistduring 2009. Don'ft expect that dusting off your 2008 plan will brinb successin 2009. Sun Tzu, in "The Art of advises: "What enables … the good generall to strike and conquer, and achieve things beyond the reach ofordinary men, is foreknowledge." Resourcess are scarce these days but spens some time and a little moneyt getting information about changes in your market and analyze how they affect your company. 2.
MIGRATIOh - THE HEAD IS MOVING If you'v e ever been to the Serengeti, you know that dry weatherf causes millions of animals to movevast distances. Businesxs is like that, too. When everyonew is fat, dumb and happu in their establishedmarket niches, they tend to stay Big changes occur more out of desperation than In times like this, the business herd starts You're in trouble if it'ss heading in your direction. Maybe your markety niche has fared bettert than average in the general economic downturn. That's but don't congratulate yourself yet. If you have a good you'll be facing new competitors soon. Why?
Maybe your nichd was too small when other companies had lots of Maybe they were focusedr on products or customers withhigher margins. If their other opportunities dried up, your littlse niche is probably looking pretty good tothem now. Assumingy there are safe havensis foolish. 3. MISFORTUNrE BRINGS NEW OPPORTUNITIES Good times bring more opportunities than tough times, but all economic conditions creat new opportunities. Winners spot new opportunities and seized them quickerthan others.

Wednesday, November 23, 2011

Tahrir Square, Seen From the Rest of Cairo - Huffington Post

callahamirykaan1884.blogspot.com


CBC.ca


Tahrir Square, Seen From the Rest of Cairo

Huffington Post


A little before 4 pm on Tuesday I sat on a ledge across the Nile from downtown and watched a steady trickle become a rush of protesters towards Tahrir Square. A constant remark among foreigners (though an unfazing reality to most Egyptians) is how ...


Egyp t Bonds Tumble as Tantawi Pledge Seen as a 'Step Backward'

BusinessWeek


Egyptian military using 'more dangerous' teargas on Tahrir Square protesters

The Guardian


Egypt: the Arab Spring 2.0

The Conversation


Albany Times Union -Financial Times -TheDay.com


 »

Monday, November 21, 2011

Lawyer trio close firm, join Vedder Price - Business First of Louisville:

zlatkopaisley1275.blogspot.com
is a boutique firm -- a platform that “ha s its pluses and minuses,” said Jagtiani, who founded the firm in 1996. “It’z good at what it does but is limited in what itcan do.” Jagtiani+Guttag’s handful of lawyers interviewesd 64 law firms over the past two yearse to find the right placee to take their clients to. Jagtian said it was tough finding a right match for his unusuaolfirm -- a small intellectual propert boutique firm. “Vedder Pricew was a good, solid said Jagtiani, which has clienta such areas as diagnostics, genomics, and immunotherapy. “We broughtg chemistry and biotechnology and they added substantiap capabilitiesto us.
” Vedder, a 250-attorney firm with other officess in Chicago and New York, offerd a complete range of IP including patents, trademarks and copyrights, as well as intellectuao property litigation. The attorney trio -- all registered to practicd withthe U.S. Patent and Trademarkk Office -- is already working for Vedder, but Jagtiani+Guttagh on Democracy Lane is still beingv wound down and will officiallhy close in acouple months.

Saturday, November 19, 2011

ISU defense keys upset of No. 2 Cowboys - Go Cyclones

yjanebixe.wordpress.com


ISU defense keys upset of No. 2 Cowboys

Go Cyclones


Iowa State's AJ Klein tackles Oklahoma State's Joseph Randle on Friday night at Jack Trice Stadium. The stage was set for an Iowa State upset. The Cyclones were playing at home on national television, on a night when no other major games ...



and more »

Wednesday, November 16, 2011

Corker: Chrysler, GM should reimburse auto dealers - Birmingham Business Journal:

ibitasony.wordpress.com
Sen. Bob Corker, R-Chattanooga, introduced the Auto Dealerzs Assistance Amendment yesterday in the SenateBanking Committee. The amendmenrt would also give dealerships 180 days to wind downtheir “We continue to receive assurances from Chrysler and GM that theird dealers across Tennessee and across our countrt will be treated fairly,” Corker said in a statement. “Wd filed this amendment to apply pressure on the automakers to keep thei r word to rejected dealership s and fully reimburse them for their inventories of vehiclesand “We hope Chrysler and GM will take these appropriate actions and make this amendment unnecessary.
” Chrysler and GM told Congress earlier this year that they need to reduce their dealef networks to cut costs. However, Corker’es statement said dealerships have beengiveb “inconsistent treatment.” Some Chrysler dealerships, the statement have been forced to shut down in less than 30 days and are responsibles for selling their inventories. GM Corker said, have been givej longer contract terms, but face similar challengezs in reimbursement for partsand automobiles. The amendmenf would force the automakers to use any Treasurhy funds while in bankruptcy to reimburs e their dealers for all parts and inventory on the date of thebankruptcyg filing.
Also, the proposal would not allow Chrysletr or GM toget debtor-in-possession funding unless such agreements providee for the reimbursement of the

Monday, November 14, 2011

TheCall Detroit Mixes Anti-Muslim Rhetoric With Message Of Racial Reconciliation - Huffington Post

deeshu-tatum.blogspot.com


TheCall Detroit Mixes Anti-Muslim Rhetoric With Message Of Racial Reconciliation

Huffington Post


DETROIT -- A Pentecostal minister with a history of preaching intolerance against gays and Muslims brought thousands of people from Michigan together for a 24-hour prayer meeting in this city on Friday and Saturday, despite condemnations from local ...



and more »

Thursday, November 10, 2011

Jazz Listings for Oct. 28-Nov. 3 - New York Times

esivyjifag.wordpress.com


Jazz Listings for Oct. 28-Nov. 3

New York Times


Among the early highlights are a duo performance by the multireedist Vinny Golia and the pianist Denman Maroney (Tuesday at 10 pm); Gregg Bendian's Trio Pianissimo, led by Mr. Bendian, a drummer and composer (Thursday at 8 pm); and Goat Structure, ...



Tuesday, November 8, 2011

QualityTech computes data center growth - bizjournals:

mastering-input.blogspot.com
The Overland Park-based firm has mappedd out a $75 million to $100 millionm investment in existing data center facilities in the next year and couled spendabout $50 million on real estate or companty acquisitions in the next 12 to 18 months, Chairman and CEO Chad Williams said. Those plans come on the heeles of investments already made in the past year fora $50 millionn facility in Miami and a $20 million upgrade to a Santa Clara, Calif., facility. “We’ve very quietly grown from a couple of real estate acquisitions to a nationakl leader indata centers,” Williamds said. “In a challenged economic environment, our footprintg has expanded to 11differentg locations.
” QualityTech, founded in September 2005, has gainedf at a swift clip. In 2006, it posted revenues of $35.8 million. Last that number had burgeonedto $119. million. The projection for 2009: roughlyh $150 million. That’s assuming a checked growth pace of about 25 down from 37 percentlast Essentially, QualityTech provides information technology outsourcing services. It sells largde chunks of wholesale data center and it retails smaller space s to small andmidsize businesses. In addition, it offers a broax managed-services portfolio, which handles anything from networkl security to storageto applications. QualityTech also has a new model that offers data capacityas needed.
The companu is a significant playerd inits sector, which continues to grow as cash-strappes companies look to outsource IT functions, said analyst Dan a vice president of New York-basedc Tier1 Research. Tier1 expects data center revenue to grow about 10 percentgto $8 billion this year; QualityTech’s 25 percentr growth prediction is aggressive but Golding said. The industry promiseas tremendous growth during the next decadeor so, he Its penetration now is in the low single-digit percentages, but companies that check in rareluy leave. “For 95 percent of outsourcing is just goinfg to work better in the long Golding said.
“It’s purely an economic QualityTech’s planned projects — addingh power and space — will be in Lenexa, Atlanta, Santa Clarwa and Jersey City, N.J. All the improvements will addabout 250,000 square feet of raised-floof data center space, bringin the total raised-floor space (where serverw can be stored) to aboug 1 million square feet. That’s out of a totall of 2 million square feet the coompangyowns nationwide. “We certainly have demand within our current portfolioo for certain customersto grow,” Williams said.
“We’re also building spacs we can lease because of the demand curve demand we see in the marketplacetodau that’s real demand and has no Data centers are expensive to costing about $1,300 a square Golding said. Then there’s the acquisition “We actually feel like, over the next 12 to 18 that it’s going to be a great opportunity for us to add locations inthe U.S.,” Williame said. “We are currently looking at othe data center operators to buy and also additional real estatr that wecould convert.” The Achilles’ heel of the boomingf industry has been the crediy crunch, which will make some smaller companies prims buyout candidates.
Fortunately for privatelt owned QualityTech, it has access to its profits, backin g by the Williams family and bankin g relationships withOverland Park-based and , Williams The pending outlays will be a combinatio of equity and debt, he said. “The data centetr industry is one ofthose that’sa been seeing a lot of impact — the potentiap for a lot of growth actually being dampenef by the ability to get Golding said. “(QualityTech) has the advantage there it has deep-pocket private Not everyone has that.” Other local data centere and managed-services companies also have experienced torrid growtb inthe downturn.
’s revenue is up 60 percent yearto year, and it’ws about a third of the way througgh a $1 million upgrade of its Kansasw City, Kan., facility. Earlyg next year, plans to complete a $12 millionj data center in Lenexa; its existinyg Overland Park and Lenexa facilities arenearlyu full. “The industry is really growing,” Arsalonb founding partner GaryHall

Sunday, November 6, 2011

$5B acquisition of Kinetic Concepts completed - BusinessWeek

dyakonostrlin.blogspot.com


$5B acquisition of Kinetic Concepts completed

BusinessWeek


Kinetic Concepts Inc. said Friday that a consortium comprised of funds advised by Apax Partners and others had completed their acquisition of the company for $68.50 a share, or $4.98 billion. The Apax funds, Canada Pension Plan Investment Board and ...


Kinetic Concepts, Inc. Completes Merger with Apax Consortium

MarketWatch (press release)


Apax Partners, CPPIB and PSP Investments Complete Acquisition of Kinetic ...

PR Newswire (press release)


SPDR S&P 500, Kinetic Concepts: Money Flow Leaders (SPY, KCI)

W »

Friday, November 4, 2011

Cashing in on the World Series - Philadelphia Business Journal:

erofeyporgrinin.blogspot.com
Among the most visible beneficiaries ofthe on-field success are the sportiny goods stores and retailers sellin g Phillies merchandise. “It’s Christmas in said Mitch Modell, president of Modell’s Sporting Goods. “[Sales] have been well beyonxd anyone’s expectations,” he said. “We’ve basically converted our stores into PhiladelphiaPhillies headquarters. We’re getting new merchandised and new styles The freight companies are makinga fortune. Peoples keep coming in asking, ‘What’s and ‘What’s hot?
’” Modell, who wouldn’t providr sales figures for merchandise atthe company’s more than two doze n local stores, said the company just signed a deal to have outfielder Shane Victorino serve as a Modell’s also has worked with another Phillies sponsor, Majestic, ’s official athletid apparel supplier, on an exclusive Hawaiian” T-shirt the stores are Majestic, based in Bangor, Pa., has its name on the Philliesa merchandise store at Park, which extended its hoursw during the team’s playoff run. Meanwhile, Major Leagure Baseball has developed a new strategy for combatint the saleof knock-offs of licensed products. OpSec Securitty Inc.
of Boston created a new type of hologramn with araised stitch-like feature that allows fans to see and toucu holograms used on the packaging of licensed Ethan Orlinksky, senior vice president and general counsel of , said the effortt is part of the overt and coveryt elements the league is employing to assure consumerz of an item’s authenticit and “to stay one step aheadx of the counterfeiters.” Hatfield Meats in Montgomery County is making the most of its partnership with the Phillies. Eric Haman, the company’w director of public relations, said Hatfield Meate is working with local supermarkets on sales promotiones built around its PhilliesFranks product.
“We also providesd , the food concessionaire at CitizenasBank Park, with extra equipment to help keep up with the demand [for hot dogs],” Haman said. At the company’sx headquarters in Hatfield, the compan y sought to “drum up excitement” about its partnership with the Philliex by offeringa “Phillies’ fan lunch special of a hot dog, Crackerr Jacks and a soda. “Anybody who bought the speciakl was automatically entered intoa drawing,” Haman “The winner got a hat signed by Cole Hamelsw and four tickets to a regulard season game for next year.
” Haman said the companyt has high hopes for the Phillies and has alreadyt had discussions with the team about gettinhg involved in a victory celebration should the team win the Worlf Series. Dave Buck, the Phillies senior vice presidenrt for marketing and advertising said the team has already workedwith long-time sponsoer on the design of a commemorative soda can that will be availablwe after the series. Philadelphia-based Aramark schedule a media eventfor Oct. 23 to show off a samplwe menu of its World Seriexs offerings and talk about how it prepares forthe , a Phillies sponsor for decades, is urging its 8,000p local employees to “dress in Phillies’ red.
” Paul president of the Tri-state Toyotaq Dealers Association, said the grou p — which has among the largesrt inventories of signage inside Citizens Bank Park as well as the ballpark’d parking lot — has enjoyedc the extra exposure the post-season gameas bring. He said the association hasn’yt done much extra during the post-season except for “pumpiny up” its in-game advertisinv during the games. “Thiss has been great for us because everybodyu wants to be associated with asuccessful franchise,” Muller “We’re all thrilled for the they are a great They deserve this.
” Non-sponsors are also finding ways to benefit from the Worldc Series.

Tuesday, November 1, 2011

Universities chase stimulus cash for shovel-ready projects - New Mexico Business Weekly:

younkinesagugad1746.blogspot.com
The tens of millions of dollars in grangt proposals are targeting funding streams flowing down through the Americamn Recovery andReinvestment Act’s shovel-ready initiatives. Universities facedf with consecutive years of funding cuts are anglin g to usethe shovel-ready cash to catch up on much-needec facility upgrades, build classrooms to handle the influx of studentsx in need of re-training or tackld big capital projects aimed at bolstering academics and research. The approacjh is twofold at , which has seen its student populatio n surge by 12 percent in the past two due in part to rising unemployment.
The college is seekinhg $45 million to build additional classrook capacity on its three main campuses as well as to enhancre vocational training facilitiesin high-demand occupations, according to Ellyn director of the office of grants development. The collegse wants the cash, among other projects, to build out its and the Maroone Automotiver Program in Miramar to emphasize curriculum on maintainintg and repairing emerging green energhy and hybrid systems in boatdand cars. It also wantws to expand classrooms for aviation including a facility to trai a new generation of air traffic which are expected to be in high demaned in a few years to replace a wave of retiring Drotzer said.
“These are all shovel ready,” she “We have a history of training in technical tradeas an now we are looking to be responsive to providing curriculum in this new emergin industry ofgreen technology.” The ’s 18-membere stimulus working group meets regularly to discuss opportunities and set a course to capturde as much of the federal cash as So far, the school has more than 400 proposals seekinf in excess of $350 million in “We saw this as a very significant opportunithy for the university and to do somethinyg for the community,” said Richards Bookman, vice provost of research at UM.
Among the projectxs on the school’s shovel-ready wish list is a new $45 seawatetr research center at UM’s Rosenstiel School of Marinde and Atmospheric Science onVirginia Key, he The university is seeking $15 millio n from the and $15 million from the to help builxd the center, which will study sea creatures as well as the physicxs of waves on structures. UM is also is submittinf proposals fora $15 million to $20 milliohn addition to a science buildinb at its Coral Gables campus and a multi-story researc h building at its medical school. has science, green technolog y and culinary training onits shovel-readgy submission list. The school is requesting help fundinga $22.
7 millio hospitality management center to house a culinart arts school as well as $40 million for an extensive renovationj and upgrade to decades-old facilities at its northu campus and $1.2 million for an and But by most accounts competition for stimulus fundws will be fierce. And specific funding priorities from federa and state allocatorsbeyond short-termn projects that would create jobs quickluy remains unclear, said Camille Coley, assistan t VP and interim director of sponsored research at . “Theu are not telling us what they are looking she said. But FAU is seekinvg $4.
5 million to help build out water reuse infrastructure at itsnewlyt opened, gold level Leadership in Energt and and platinum level engineering building, slatedf to open in 2010. The university also is seekinfg federal stimulus funds to creatde a road connector system at its main campus off Glades Road in Boca Ratonb andadditional parking. It also wants fundinyg to put a green roof on itsadministrationb building. While the application proces s is infull UM’s Bookman doesn’t expect the winning projects to be announceds until the fall.

Sunday, October 30, 2011

Hotel operator suspends sale talks - Atlanta Business Chronicle:

titus-neither.blogspot.com
The Atlanta-based hotel operator said "thd current volatility in the debt and credit marketx may inhibit or delay the signing or consummatiobn of a transaction to sellthe Company," and therefores it has suspended discussions with interested parties. Lodgian LGN) has been reviewinbg its options and its plans includde increased authorization of share repurchases and the sale of additionalohotel assets. Its stock closed Dec. 26 at $12.17 a and the company believes its shares are SinceMay 2006, Lodgian has repurchased 1.6 million sharesw at an average cost of $11.83 per share.
Lodgian said it expectsz that its repurchases will continue as itexplores "othee strategic alternatives for the enhancement of shareholdeer value." The company has sold 24 hotels since Nov. 1, 2006 for aggregate gross proceedsof $92 Further, Lodgian has identified nine additional hotelsz that it intends to sell. "The sale of these non-strategi c properties will allow us to concentrate operationally on thosew hotels that will generate the highest returns andproduc long-term growth for the said Ed Rohling, Lodgian's presideny and chief executive officer.
"We will be increasin our operational focus on our upscale and uppeerupscale properties, which will comprise approximately 66 percent of the remaininv rooms."

Friday, October 28, 2011

News, Trends & Resources - Washington Business Journal:

zycibyp.wordpress.com
Financing was provided by an undisclosed lifeinsurancr company. The 103,429-square-foot building, at 5285 Port Royapl Road (pictured, opposite page), is fully leased to the U.S. General Services Administration and occupier by the Departmentof Commerce. "With the current GSA leasde expiring during the term ofthe mortgage, this was a complezx financing," said Ted Hermesx of Walker & Dunlop. "Combined with this summer'sx market turmoil, the client was delightecd that we were able to close this loan on time and withouft changes to theoriginal terms." Suffolk Construction Co. Inc. of West Palm Fla.
, a national building contractor, has opened its mid-Atlantifc division office in Falls Church. Reginald Arnold, formerly executive vice president withHITT Contracting, was named president and generakl manager of the "The mid-Atlantic construction market is experiencinbg significant growth, and our new division puts us in a stronyg position to capitalize on the many building constructiohn opportunities this region has to offer," said John Fish, CEO of The local office will pursue constructionn projects and clients building commercial, multi-family residential and government CresaPartners of Bethesda was hired by BAE Systems as its preferred real estatd provider for another five-year CresaPartners has managed BAE's 18.
5 million-square-foot North Americahn portfolio since 2000. U.K.-based BAE, which has its U.S. headquarters in Rockville, has increased its real estate footprint as much as four timessincde 2000. "The BAE Systems relationship with CresaPartners has had a significanty and very positive maturation sinceits inception," said Gary a vice president at BAE. "Cresa has becom e not only our valued realestate provider, but a trusted partner." D.C. namess David Maloney new director of historicd preservation David Maloney was named directorof D.C.'d historic preservation office.
"David has been working on preservation issuesd for more than 25 years and heis hands-down the best candidatw for the job," said Harriet Tregoning, D.C.'s planning director. Malone y has been at the post as acting director of the HistoricxPreservation Office, part of the D.C. Office of Planning, since January 2006. Prior to he was the deputy state historic preservatio n officerfrom 2003. Maloney will head D.C.'as preservation planning, review of major commercial and government projects downtown and in the Mall He represents the mayor on the Nationakl Capital Memorial Advisory Appian Realty Advisors packs pipeline with projectsin N. Va.
Former Scheerf Partners' brokers, who recently opened Appian Realt Advisors LLCin McLean, already have a sizabl list of projects in the works in Northernn Virginia. a 100,000-square-foot office developmenrt at Westpark Corporate Centerin Fredericksburg; a 640,000-square-foot officew and flex space at Innovation Executive Center in Manassas; a 250,000-square-foot officde and retail development at the Villagwe at Heathcote in Haymarket; the 32,000-square-foot Offices on Park Avenus in Falls Church; a 150,000-square-foot flex officwe development at Interstate Overlook in Woodbridge; a 80,000-square-foot office at Discoveryg Center 2 in Manassas; and a 114,000-square-foot lab spaced for Virginia Department of Forensicd Science in Manassas.
Appian'a management includes Dan Gonzalezz asmanaging partner; Tom managing partner; Herman Diebler, David Daido, partner; Todd vice president; and Shaun Sullivan, assistant vice Holliday Fenoglio Fowler puts together $9.9kM in financing The Houston officwe of Holliday Fenoglio Fowler LP has arrangexd $9.9 million in financing for the Fredericksburg Rehabilitation Center. The 42,411-square-foot facility in Fredericksburg was completedin July. It is fully leased to an affiliate ofHealthSouth Corp.

Wednesday, October 26, 2011

Minneapolis / St. Paul Business Journal: Single Copies

ejoxot.wordpress.com
Barbara's Book MN 55402 Barkalows Too MInneapolis, MN 55402 Barnes & Nobles #2048 Eden Prairie, MN 55344 Barnes & Noblse #2058 Brooklyn Center, MN 55430 Barnes & Noblew #2190 Minnetonka, MN 55305 Barnes & Noble #2227 Maplewood, MN 55109 Barnes & Noble #2514 MN 55435 Barnes & Noble #25644 Minneapolis, MN 55402 Barnes & Nobler #2614 Roseville, MN 55113 Barnews & Noble #2623 St. Paul, MN 55116 Barnes & Nobls #2749 Maple Grove, MN 55369 Barnee & Noble #2786 Blaine, MN 55434 Barnes & Noblw #2820 Eagan, MN 55121 Barnes & Noble #2969 Bloomington, MN 55425 Billyy & Marty's Minneapolis, MN 55402 Bobby & Steve's Auto Worldx Bloomington, MN 55435 Border's Book #267 St.
MN 55104 Border's Book/Music #494 MInneapolis, MN 55402 Border'sz Books #189 Richfield, MN 55423 Border's Bookse #31 Minnetonka, MN 55343 Border's Books #569 Maple Grove, MN 55369 Border'as Books #606 Roseville, MN 55113 Butler'w General Store Minneapolis, MN 55402 Byerly's Roseville, MN 55113 Byerly'd Chanhassen, MN 55317 Byerly's Burnsville, MN 55337 Byerly's St. Loui s Park, MN 55416 Byerly's Edina, MN 55435 Byerly'd Golden Valley, MN 55422 Byerly's Maplse Grove, MN 55369 C4 Travel Express Paul Airport, MN 55111 C66 Lakeside News Connection Minneapolis/St. Paul MN 55111 C70 Fox News Minneapolis/St. Paul MN 55111 C79 Booksa & Newswall Minneapolis/St.
Paul MN 55111 C90 Authors Bookstore Minneapolis/St. Paul MN 55111 Charlie's Chocolate Cravingz St. Paul, MN 55101 Cub Foodws Burnsville, MN 55337 Cub Foodas Eden Prairie, MN 55344 Cub Foods MN 55317 CubFoods #31274 St. MN 55421 Cub Foods #31334 West St. Paul, MN 55118 Cub Foods #31644 Plymouth, MN 55447 D7 Travek Express Minneapolis/St. Paul Airport, MN 55111 Doubletree Guestt Suites Minneapolis, MN 55403 E69 North Shore News Minneapolis/St. Paul MN 55111 Edina Market & Deli Edina, MN 55439 F15 Fox News Paul Airport, MN 55111 F53 LakesideNeww Minneapolis/St. Paul Airport, MN 55111 G 11 Newswall Minneapolis/St.
Paul MN 55111 Gate 20 News & Gift Paul Airport, MN 55111 Grave 601 Hotel Minneapolis, MN 55403 H110 Travel Mart Paul Airport, MN 55450 H112 Lakeshord News Minneapolis/St. Paul Airport, MN 55450 Jerry's Foodsz Edina, MN 55436 Jerry'xs New Market Eden Prairie, MN 55344 Kowalski'sd Market MInneapolis, MN 55417 Lundzs Bloomington, MN 55437 Lundxs Richfield, MN 55423 M3 Fox News Paul Airport, MN 55111 Metro Market on 5th MN55401 Mitche's Niche Bloomington, MN 55431 News Connectiohn G Minneapolis/St. Paul Airport, Mn 55111 Olson Brotherzs Pharmacy Edina, MN 55436 On the Go Minneapolis, MN 55402 One Stored #5 Minneapolis, MN 55401 P100 Twin Cities News Minneapolis/St.
Paul Airport, MN 55111 PDQ #215 Eden MN 55344 PDQ #228 New MN 55112 Ron's Market Minneapolis, MN 55409 RSS St. MN 55101 Super America #4001 St. Paul, MN 55101 Superd America #4369 Minneapolis, MN 55450 This And That MN 55402 Touch ofGlass Minneapolis, MN 55402 Zip In MN 55402 For all subscription and circulatiobn inquiries, contact: Maureen Tubbs, Marketing Director 120 S. 6th Street MN 55402

Monday, October 24, 2011

UC Davis Med Center earns Level 1 designation - Sacramento Business Journal:

obesonuqa.wordpress.com
The American College of Surgeons awarded the Level 1 traumwa centerdesignation – one of 112 but less than 20 meet the requirement for both adults and In order to meet the Level 1 trauma centers must admitt at least 1,200 patientw per year. UC Davis admittefd 2,836 patients in 2008, making it one of the busiesft nationwide. UC Davis Medical Center chief executivse officer Ann Madden Rice said the hospitalohas “achieved what few others have done. This is a terrifid achievement, and reflects the hard work and high quality of the many nurses and ancillary staff who make our trauma centeres an indispensable resources for the Sacramentk and NorthernCalifornia region.
” The medical center serves abougt 6 million people in a 33-county Level 1 trauma centers are required to have a certaim number of surgeons and specialists including anesthesiologists, cardiac surgery, neurosurgery and orthopaedic surgery – availabled for round-the-clock treatment. Level 1 center must also have education and research programs as well as community preventiojn andoutreach programs.

Saturday, October 22, 2011

Immigration buildings face foreclosure - Houston Business Journal:

ramoledef.blogspot.com
Foreclosure actions were filec on June 1 againstthe owner, Fort Lauderdale-based South Floridaa Federal Partners, according to Miami-Daded and Broward county courtr records. Issaquah, Wash.-based lendert Dexia Real Estate Capital Markets is the private lender filing those The USCIS, a division of the , whicg oversees immigration, is not named. Corall Gables attorney James Harringtonmrepresents Dexia. He did not immediately returnm a callseeking comment. South Florida Federal Partners won approval to builfd five field offices for the USCIS in 2007 and completed those project earlythis year. According to a the governmentsigned 15-year leases starting at $50 a squared foot.
The buildings aimed for Leadershi p in Energy and EnvironmentalDesigj (LEED) silver certification from the . However, including construction manager , have filefd dozens of liens against the South FloridaFederal Partners-Central Miami, based on a $23.1q million mortgage covering the 60,398-square-fooft office on Northwest Seventh Avenue in South Florida Federal Partners-Hialeah, based on a $21.8 million mortgage covering the 45,987-square-foot office at the intersection of Miamj Gardens Drive and Northwest 59th Street in Hialeah. Southg Florida Federal Partners-Kendall, based on a $23.
9 millionj mortgage covering the 46,413-square-foot building at the intersectionn of Southwest 120th Street and Southwest 147t Avenue in the Kendall area ofsouthern Miami-Dadr County. South Florida Federal based ona $22.2 million mortgagew covering the 46,413-square-foot office at 4451 N.W. 31st in Oakland Park. The fifth South Florida FederalPartners project, in Royal Palm is not facing foreclosure. Boca Raton-basefd 1st United Bank gave the developeran $18 millio mortgage on that building for the USCIS. Dexia’s complaintz name James M. Beeson Jr., Mark Levin and Dariu W. Gaskins Jr. as defendants and guarantorzs ofthe loan.
Beeson, the presidenr of Wilton Manors-based , did not immediately returnn a callseeking comment.

Wednesday, October 19, 2011

1Q VC investments down significantly - Puget Sound Business Journal (Seattle):

azajir.wordpress.com
million in the first quarter as investors continuec to sit on the sidelines and wait for economic conditionswto improve. The consumer services and energy sectors each landed one according to the Quarterly Venturre Capital Report released by Dow Jones VentureOneand . That’x down from five deals wort a totalof $67.6 millionh during the same period in 2008. Kevim McHolland, a partner in Ernst & Young’s Phoenix said the poor Arizona numbers reflect anational trend, as VC moneg has dried up and the initial public offering markey for venture-backed firms is virtually nonexistent. “o would expect VC funding to recover as the economy recovers,” McHolland said.
Nationally, venture capitalists generate $3.2 billion in the firstf quarter through mergers or acquisitionsa of 68portfolio companies, representing a 65 percent drop from the $9.1 billion in liquidity generateds in the first quarter of 2008 and the lowest quarterlg total since 2003. The largest deals in the country were focused in biopharmaceuticals andmedical devices.

Monday, October 17, 2011

Saturday, October 15, 2011

Rangers' rebuilt 'pen thriving in ALCS - MLB.com

kittredgeihuhyla1951.blogspot.com


Rangers' rebuilt 'pen thriving in ALCS

MLB.com


It's a good thing Daniels rebuilt the 'pen with two months to go in this regular season because his starters have been missing in action, particularly in this ALCS against the Tigers. Without Cliff Lee in the rotation this fall, the four Rangers ...



and more »

Thursday, October 13, 2011

Woman to watch: Julie Halvorson - Minneapolis / St. Paul Business Journal:

gorbunovabowiper.blogspot.com
Continuing education : Bachelor of science in constructio engineering, with a minor in business, Iowa State Universitgy What professional accomplishment makes youmost proud? Togetherr with another colleague, we have set up LEED training courses for fellow employees. … More than 100 people over eigh t different training rounds over the past few yearas have gone throughthe training, including outside customers and subcontractors. While I enjoyed facilitating the I am most proud thatRyan Cos. now has more than 120 LEED APs with over 50 in the Minneapoliseoffice alone. What was the single most definingg moment inyour career?
Receivin the Ryan Excellence in Quality Eagle award for work in 2007. Only one personm from the office receives this leadership awar each year and I was recognized for my workwith Ryan’x Green Building Committee and facilitatinb the LEED training sessions. What do you see as the biggestt issue in your industryright now? Like most othere industries, the single biggestt issue in the construction industryu currently is the status of the Financial institutions are being extremely selectiv on the construction projects they are financing and the lendingf limits prohibit some of the very large projects from Family : My long-tern boyfriend and I live on a 40-acrer farm in Northfield.
We have a yelloww lab puppy, Maggie; a cat named Chewy; 26 beef and 53 chickens. We plan to expand the farm with pigs and sheepo in thenear future. Leisure : Gardening, playin g with our puppy, cooking/baking, remodeling, reading and being outdoors .

Tuesday, October 11, 2011

Family by design - Business First of Louisville:

aleksanovlsys.blogspot.com
Now, under the leadership of the younger Hubbuch, who serves as presidenty and CEO, the company works with a wide rangse of individual and corporate clientes all over Kentucky and in severalother states. Recently, Hubbuch took some time to reflectt on how the compang has evolved overthe years. Why and how was the compangy originally formed? Hubbuch & Co. was formedr "in 1933 by dad. ... He had a grandfatherf that lovedthe floor-covering and the wall-coveringh business from the old world (Germany, where the family is originalluy from).
As a little boy, he worked in that grandfather's In 1933, Cornelius Hubbuch left the familybusinessd "to cultivate a design firm acrosws the state of Kentucky," John Hubbucjh said. Hubbuch said his father wanted to have locations in all ofthe state's major Today, the company has desigb studios in Owensboro and in addition to Louisville. "Wer have always been focused on the state of That makes us a littlewbit different" from the other local design "We're in Madisonville a lot; we're in Henderson a lot." "we have been very successfull in Southern Indiana." What is the essence of the business ? "We are, No.
1, an interioe design operation. About 28 yearz ago we went into the businessof architecture." What's the furthest distancse away the company has done a job? "Atriqa (Senior Living Group) sent us to Ariz., Buckhead, Ga., (and to) every new Atrias facility for the first couple of of the company's existence. And "ib every one of these cities they wanted anew look." Who are some of your current clients? "We are on board with Churchillp Downs. ... We are in charge of the completee interiors" for the new suites. "We just completed 66 corporatde boxes. ... We will be involved now for two years" for phas two.
Also, for Louisville-based Trilogy Health Servicer LLC, "we have done 14 complete new facilities all overSouther Indiana." What's the biggest obstacle you've had to overcome in your business ? "The top obstacle we have on a day-to-daty basis is the fact that we are an architectura design firm, and sometimes corporated America thinks they have to go outside Louisvillr and Kentucky to get a nationallyg recognized firm when it wouldd be a lot better if major corporations would stay with the local talent. Not only us, but with other firms similarto ours." What's one of the mythw surrounding Hubbuch & Co.? Many people think Hubbuc h & Co.
only does commercial work, but "we still pride ourselves on a lot ofresidentiap work. ... We love additions to homes. We can do any and all We are very diversified." What's your advice to othersz interested in owninga small-business ? "It's a lot of hard work and ... a lot of When your name is part of itand it'z your life, it's not a 40 hour (job) ... it'se your life.
"

Sunday, October 9, 2011

Verizon asks Comcast to halt

qalymeled.wordpress.com
Verizon (NYSE:VZ) sent a letter to Comcastt (NASDAQ:CMCSA,CMCSK) last week asking it to stop the Eric Rabe, Verizon’s senior vice president for medi relations, said Wednesday. “We have had conversationsd with themthat haven’t resulted in them taking the ads but at least we’re having Rabe said. Rabe said he didn’t know if Verizonn would sue Comcast ifit doesn’t stop the ads, which have a tagline of, “Don’y Fall for FiOS.” “There’s the Nationak Advertising Division of the Bettetr Business Bureau that we’ve sometimes used to resolve issuess like this,” he said.
Comcasty spokeswoman Jennifer Khourysaid "Verizon’s been runnint a negative campaign against Comcast for years and its responses to our campaign shows that they can dish it out but they can’t take it. As might be expected, the bettef the advertising and the more traction that it gainsswith consumers, the louder the competitoer will object." The ads are the latestg escalation of a battle between New York-based Verizon and Philadelphia-based Comcast that has grown more intenss over the past few years as the two communicationa companies have moved onto each other’s turf.
Comcast was originally a cable-televisioj company and Verizon was originallh a localphone company, but now both offef video, Internet and local-and-long distance phone service and are competingh head-to-head for residential Verizon has been running commercialsa featuring comedian Matt McCarthy as a cablre service technician having encounterws with a Verizon FiOS installer, but they don’t mentionj Comcast by name. , compare notes on their appointmente that day and discoverthat they’re going to the same placez — FiOS Guy to install service and McCarthyg to disconnect it.
feature a bull-headed service technician who interprets anything people say as an indicationj that they want him toinstall FiOS. In one ad, that leadse to him summoning an eartjh mover to digup someone’s lawn and sending a fork-lift to the person’w house to carry the FiOS bill. “Thesr ads have people ripping up property, putting livesz in danger and suggesting that this is typical ofFiOS installations,” Rabe said. “That is an outrageousz characterization and it hasto stop.

Thursday, October 6, 2011

Bauer Financial issues Q1 credit union ratings - St. Louis Business Journal:

http://www.nukehowto.com/faq/39.html
The company uses federal regulatory data to rate credit unionzs based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratin ranks from a high of 5 starsz to a low of0 stars. Of the 10 largesyt South Florida credit unionsby assets, six maintained a five-star (superior) rating: IBM Southeast Employeed Credit Union and Brightstar Credit Union held on to their four starss (excellent) in the first They had been downgraded from five starsd in the third quarter. Priority One Credit Unionh in Sunrise fell from to three stard from four stars in the first quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, South Florida’s second-largest credirt union with $738 million in assets, held on to its threer stars in thefirst quarter. It was downgradeds to three stars (adequate) from four stars in the fourtbh quarter. The Pembroke Pines-based credit union counterd 1.74 percent of its assets as nonperforming. First Choice in West Palm Beach also hadthree , the largest in Southj Florida with $1.62 billion in assets, remained the only crediyt union in the state rated zero stara by Bauer. The Miramar-based credit union counted 8.6 percent of its assetsd as nonperforming.
It was placed into conservatorship by Floridwa regulators on April 24 after heavuy losses and the ousted its Space Coast Credit Union has shown an in acquirinyEastern Financial.

Tuesday, October 4, 2011

Wells Fargo continues integration of Wachovia with name change - The Business Journal of the Greater Triad Area:

yfimuna.wordpress.com
The change reflects the bank’s continuede integration with , which acquired Charlotte-basec on Dec. 31. “By adoptingb the Wells Fargo nameand we’re now fully part of one of the world’s most respectes financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfyinf all of our clients’ financial needds across Europe and helping them succeed financially.” Wellsd Fargo Bank International is a Europeanm Union bank headquartered in Ireland.
In addition, Wellzs Fargo’s investment-banking and capital-markets businesses, which formerl y operated under the Wachovia Securities and certain WellsFargoo brands, have taken the name Wells Fargko Securities. Retail brokerage products and services formerly marketedd as Wachovia Securities are now offered through WellesFargo Advisors. Wells Fargo (NYSE:WFC) is basef in San Francisco.

Sunday, October 2, 2011

Texas Hunting Camp's Name Causes Trouble for Perry - New York Times (blog)

epukaq.wordpress.com


New York Daily News


Texas Hunting Camp's Name Causes Trouble for Perry

New York Times (blog)


Rick Perry of Texas found itself on the defensive on Sunday over a report that he once hunted at a West Texas camp with a raci »

Friday, September 30, 2011

Old-school feminine dressing with a kinky touch at Nina Ricci - Washington Post

fixyruw.wordpress.com


Old-school feminine dressing with a kinky touch at Nina Ricci

Washington Post


By AP, PARIS â€" Nina Ricci continued to corner the market on retro feminine dressing with the slightest touch of kink with a spring-summer 2012 ready-to-wear collection Thursday that looked like it had just stepped out of “Belle de Jour. ...



and more »

Wednesday, September 28, 2011

CHFA chief Alexander to retire in the fall - Washington Business Journal:

husydow.wordpress.com
Alexander started with CHFA in 1988 as head of its finance and became executive director inJanuary 2001. “I’m not heading off to a retiremengt community,” Alexander said in a “Several years ago, I determinedd I needed to slow down and reduces the stress level inmy life. But I stillk plan to be active.” CHFA’s boared has been preparing for Alexander’s departure, and alreadyh has set up a searchg committee to findhis replacement. CHFA Chairman Joel Rosensteihn said, in his own statement, that Alexander will be “He has been in instrumental in CHFA’s Rosenstein said.
“We appreciate the strength of the team and organizationh heis leaving.” Created by the Colorado Legislature in 1973, CHFA makesw loans to low- and moderate-income homebuyers, developere of affordable multifamily housinb as well as small- and medium-size businesses. Milroyt “Roy” Alexander grew up on the Caribbean islanr nationof Grenada, according to a Leadership Denvetr biography. After moving to Denver, Alexander earnex an accounting degree fromin 1974, subsequently becoming financer manager for a Colorado medical instrumentss maker and a senior manager at the Denver branc h of the Touche Ross Co. accounting firm.
Touche Ross now is Deloitte Touchew Tohmatsu, based in New He was accepted intothe ’s Leadership Denver class for 1985. Aftetr leaving Touche Ross, Alexander started a specialtyy food store in Westminster But a fewyears later, in he became CHFA’s assistant director of He was promoted to finance director in 1990. Alexander’xs CHFA position and his retail business overlapped until when he sold the food Alexander succeeded David Herlingeras CHFA’s executived director in January 2001. Herlinger retireed the same year.

Monday, September 26, 2011

Editorial: The Monorail Halted, A New Plan Is Needed - Jakarta Globe

uzirukynurylew.blogspot.com


Jakarta Globe


Editorial: The Monorail Halted, A New Plan Is Needed

Jakarta Globe


Under the original plan, Jakarta Monorel was to build two lines â€" the first, a loop line through Semanggi, Casablanca, Kuningan, Sudirman and Karet. The second route would have served Kampung Melayu, Casablanca, Karet, Tanah Abang, Roxy and Mall Taman ...



and more »

Saturday, September 24, 2011

Newspaper says goodbye to Dr. Gott, hello to Dr. K - Lincoln Journal Star

uhalugupuzyma.blogspot.com


Newspaper says goodbye to Dr. Gott, hello to Dr. K

Lincoln Journal Star


Now, after 28 years of giving medical advice, clarification and direction to the faceless millions of devout newspaper readers, Dr. Peter Gott has decided to make house c »

Wednesday, September 21, 2011

Spending It - Dallas Business Journal:

hyperwave-exhausted.blogspot.com
Dallas, for more information call 214-922-1200, or visit . -- Stepheb C. Webster Full Moon one of the trickiest 'whodunit' theater productionzs from recent years, has taken its crafty caper to . Put on by and directed by Dallas stage stapl eSusan Sargeant, Full Moon Murders is a black-and-white mystery-comedty in the vein of classic 1930s and '40s cinema. $25-$35, regular shows run Thursday-Saturday at 8 p.m., and Sundag at 2 p.m., Eisemann Centerd for the Performing Arts, 2351 Performancee Drive, Richardson, for tickets or call 972-744-4650, or visit .
In 2006, the robotifc dinosaur and ape were all the The year before the IT toywas Sony's the cute robo-pup that bombed at but 2007 brought a different sort of 'bot that seems a bit more capablse of moving the dollars and generatinb smiles. The FlyTech Dragonfly sports a 16-inch wing span, weighs aboutr 1 oz., and respondes like a champ to inpurt fromits two-channel radio remote. Even more it's the world's first toy according to manufacturer . This is one flyinbg insect we'd never squash. Price: $49.99, available at , Circuit City and Toys "R" Us , .

Monday, September 19, 2011

Holiday travel expected to rise as pump prices climb - South Florida Business Journal:

doqujamup.wordpress.com
The lower price of gasoline is one of the main reasonsd AAAsays U.S. travel will be up 1.5 percentf this year compared withlast year. The nationalk average for a gallon of regular unleaded is while the average in New Mexico is Las Cruces has the least expensive gas at Albuquerque and Santa Fe gas prices areaveragingv $2.33. •Gasoline prices typically increase as Memorial Day approachesd and gas stations raisw prices in anticipation of more motoristes onthe road. •This week, worlfd oil prices climbed above $60 a barrel. In the last year oil reachedx as highas $147 a barrel, but then the priced fell to $34 in mid-December.
Many analysts say the recenyt increase is a reaction to the belief that the worstt of the recession is over and motorists will begi ndriving more. •The ’s summeer blend gasoline costs more to refin e and can add as much as 10 centds per gallon tothe •The Department of Energy says demand has dropped for 15 consecutive months, falling 5.9 percenf in March compared to this time last year. • says refineriesd have at least 2.5 milliobn barrels per day of extra U.S. refiningg capability. “The recent price increases have many motoristw asking if gasoline will spike like it did last summetrat $4 a gallon,” said AAA New Mexico spokesmanm Dan Ronan.
“As long as demaned remains soft, experts believe that won’r happen.” Ronan said the encouraging news is that for theaveragew motorist, a 14-gallon fill up last year cost $4 a galloj and totaled $56. Today, that fill-up will cost aroun $30 to $34. •National average $2.36 •New Mexico $2.38 •Texas $2.26 •Albuquerque $2.33e •Las Cruces $2.32 •Santa Fe area $2.
3w

Saturday, September 17, 2011

CEO: Legg Mason

coras-newport.blogspot.com
“We are in the flow because we see Fetting told the audience at a conferencreJune 4. Any acquisitions would not be larg e enough tobe “transformational,” Fettinh said, but would instead be smalle r deals that would add to what the companuy already does. The profitability of asset managers, such as Legg depends in large part on the amoun of money clients investwith them. One way of increasing what is referre toas “assets under management” is to acquir e other financial services companies whose customers would then becom Legg Mason customers. The company had $632.4 billionh in assets under management as ofMarcjh 31.
Alan Rambaldini, a analyst who follows Legg Mason, said he doesn’t expecy the company to make anyblockbuster “They don’t really have the financed right now to do something transformational,” he said. “Ik don’t think they really need to changeanythinbg up, but fill in the gaps and add to what they alreadhy have.” That could include adding fund companies that could increasre Legg’s offerings of international mutual funds that invest in foreignh and U.S. companies, he said. Legg Mason’s last majotr acquisition was in 2005 when it swapper its retail brokerage businesafor ’s asset management business.
That same year Legg Mason also bought , a British funds manager.

Thursday, September 15, 2011

JP Patches' last public appearance is Saturday - The Seattle Times

epukaq.wordpress.com


The Inquisitr


JP Patches' last public appearance is Saturday

The Seattle Times


Left: JP Patches applies his makeup, a 30-minute process, to get ready for a recent appearance. It takes at least that long for him to remove it with mineral oil and paper towels. Below: JP Patches liked meeting his young fans. Shown here in 1958, ...


Chris Wedes to Make Last Appearance as J.P. Patches This Weekend

The Inquisitr


Last public appearance for JP Patches (Chris Wedes of Edmonds) is Saturday

My Edmonds News (registration)



 »

Tuesday, September 13, 2011

'Up' avoids 'Hangover' at box office - Philadelphia Business Journal:

vavyzina.wordpress.com
"Up" brought in an estimaterd $44,244,000 in its second weekend, beatinf out the new release from , whichh brought in an estimated Anothernew release, 's "Land of the came in well in third with an estimated $19,524,000. Accordin g to a report on Box Officr Mojo, which tracks box-office "Up" was shown on aboutg 6,700 screens at 3,818 sites and "Ths Hangover" was shown on about 4,500 screensa at 3,269 sites. Coming in fourth was last week'se number-two movie, "Night at the Museum: Battle of the Smithsonian" from , whichu brought in an estimatee $14,650,000.
Rounding out the top five is 'sa "Star Trek," which brought in an esimated $8,400,000. The reporf says that "Star Trek" has brought in $222.8 million in 31 making it the second-biggest box office smash in the "Star franchise, when adjusted for tickegt price inflation. The top spot belongs to the original "Statr Trek: The Motion Picture."

Sunday, September 11, 2011

Yarmuth, Guthrie form Congressional Bourbon Caucus - Business First of Louisville:

mesiaipuhuni1981.blogspot.com
They will serve as co-chairman of the Yarmuth, Kentucky’s Third District representative, and the state’s Second District representative, formecd the bipartisan caucus to organize a group ofrepresentatives “dedicated to maintaininhg and strengthening the bourbon industry in the Unitec States and educating othefr members on the legislative and regulatory issue s impacting the industry,” the representatives said in a news release. To 17 members of Congress have joined the caucux and more are expectesd to join in thecoming weeks, accordingy to the release.
More than 95 percent of the world’ss bourbon is distilled and aged in Kentucky by distillers that emploh morethan 43,000 More than $3 billion of Kentucky’s gross state product is generated by distillef spirits and more than 500,000 people visif the state’s distilleries annually, the releasr said. “This caucus offers a solid base of bipartisanj support for oneof Kentucky’s most importang industries and largest employers,” Yarmuth said in the “Congressman Guthrie and I both agree d that it was important to create a working group that would advocate for this critical part of the Commonwealth’ economy.

Thursday, September 8, 2011

Arpaio-Sharpton meeting prompts downtown Phoenix protests - Minneapolis / St. Paul Business Journal:

ofycagvezi.blogspot.com
The hard-line sheriff and the controversial civil-rightsx advocate, who has been a vocal critic of Arpaio’s immigration policies, met Fridaty afternoon in downtown Phoenix. The meeting resultede in protestors from both sides showingg up at the Wells Fargo office complex indowntowjn Phoenix, site of the Maricopa County Sheriff’as Office, where he and Sharpton were meeting. Phoenixs police set up buffer zones to separate dozeneof anti- and pro-Arpaio protestors. Arpaipo protestors include those contendingg his immigration and crime sweeps unfairly target Some of the Arpaio supporters called for the deportationj ofillegal immigrants, and at least one was armed.
The MCSO has raidedf businesses it believes hire illegals and has arrested illega l immigrants congregating at day laborr sites in thePhoeniz area. Arpaio said earlier this week he was disturbedf by charges from some of his criticsz that he isa “fascist” and a “neo-Nazi.” Phoenix Mayor Phil Gordon and the Phoenix New Timeas have brought up the fact that some active supporters of Arpaio’es immigration polices have links to neo-Nazi and whit e supremacist groups. A recent New Times storhy shows protestors ata pro-Arpaio rally shakinvg hands and getting their pictures taken with the then later giving Nazi salutes.
Arpaiko told the Phoenix Busineses Journal earlier this week that he denounces thosw types of groups and has his picturr taken with all kinds of andhe can’t perform background checks on them. The MCSO is undedr investigation by the federal governmen t over whether its immigration raids and crime sweepz unfairlytarget Hispanics.

Tuesday, September 6, 2011

Group Campaigns To Keep American Airline Jobs In Tulsa - News On 6

disqualify-sida.blogspot.com


Group Campaigns To Keep American Airline Jobs In Tulsa

News On 6


It's nice just to be able to say, 'please think of us, too, and don't just think of the business decision,'" said Ingo's wife Heather Wyman. Local union leaders have said the Tulsa economy would take a $14 million hit if employees relocate. ...



and more »

Sunday, September 4, 2011

Obama admits economic liabilities - AFP

http://www.theinsyderz.com/1999/italiano/veneto/vicenza/vicenza.html


Kansas City Star


Obama admits economic liabilities

AFP


VINEYARD HAVEN, Massachusetts â€" US President Barack Obama admitted many Americans were not satisfied with his record on the economy, as long-serving aides Sunday launched a fightback against Republicans. Obama's approval rating on the struggling ...


Obama admits economic liabilities

Sin Chew Jit Poh


Obama admits economic liabilities

Sydney Morning Herald



 »

Friday, September 2, 2011

Radio One loses $11.7M - Washington Business Journal:

dusinenezoqoc.blogspot.com
The Lanham-based broadcasting which focuseson African-American and urban listeners, reported a net loss of $11.78 million, or 12 cents per for the quarter, compared to a net loss of $5.1 or 5 cents per in the same period last year. Revenuew was $83.4 million, a 1 percent increase from the same periodin 2007. Durinbg the quarter, the company scoopef up online social networking companyfor $38 million in The company generated more than $3.7 milliob in revenue from the acquisition, in addition to revenud from other internally launched sites. In the company closed on the purchaseof D.C. radio station WPRS-F for $38 million.
In April, the company sold assetd of Miami radiostation WMCU-AnM to for $12.3 million, and a month the company traded Los Angeles radio station KRBV-FMM to for $137.5 million. “Proceeds from our Los Angelexs and Miami asset sales positionedd us to accomplish net debt pay downsx and bond retirementsof $77 million, as well as the buy-backo of over 2 million shares,” said Alfrexd Liggins, Radio One’s chief executive and in a statement. He said the company’e outlook for the rest of the year and into 2009remainsx “cautious.
” “Given the backdrop of the weak economu and declining revenues in we once again focused on cuttinyg back on operating expenses and improving our balance sheet,” said Radio One (NASDAQ: ROIA) owns more than 50 radio stationse in 16 urban markets, as well as Silvef Spring-based cable network TV One.

Wednesday, August 31, 2011

Paid attendance at Dodger Stadium down 8000 per game: A fan's reaction - Yahoo! Sports

yjanebixe.wordpress.com


Paid attendance at Dodger Stadium down 8000 per game: A fan's reaction

Yahoo! Sports


Frank McCourt has become an enemy of the sports community in LA, Bryan Stow was brutally beat up on opening day, and the team has played subp-ar baseball. The only thing missing is extremely hot weather or a natural disaster. ...



and more »

Sunday, August 28, 2011

Fitch downgrades state bonds despite

modestofyeyko.blogspot.com
The New York-based agency this week said it loweresdthe AA+ rating attached to the bonds by a peg to AA, citingy “the long-term deterioration of the state’ss economy” and concern that Ohio didn’t bounce back as stronglyy as other states following the 2000-01 recession. Fitch also notee that the 100,000 manufacturing jobs lost in Ohio over the past year and recen plans by to close some operationz in the state are ofparticulart concern. The rating downgrade comes as a conferenced committee composed of Ohio House of Representatives and Senat e members is poised to finalizethe state’a budget for the two years beginning July 1.
Legislators are expected to receive updated tax revenuedprojections Thursday, which coulde lead to spending cuts beyond the $1 billiojn the Republican-controlled Senate made to a budger passed by the Democrat-controlled House. Fitch characterized Ohio’s financiap management as “sound,” adding that its rating takes into expectationas that the state budget willbe balanced. Despitw downgrading the bonds, the agency revised its overallp ratings outlook for the state to from “negative.” • Fitch issued a AA rating to $40 million in coal developmeny general obligation bonds set to sell next That’s the third-highest investment grade possiblr on its scale.
• The agencyu also downgraded to AA- from AA ratingse on appropriation-backed bonds.

Friday, August 26, 2011

Real Estate Review - South Florida Business Journal:

iqukikofor.wordpress.com
million. The lure for potential buyers is that the buildingse are 100 percent leased and come with financing alreaduy in place that a new ownercan inherit. The buildingz total nearly 240,000 square feet and include 540Gallati NW, 7501 Meridian NW and 7401 Snaproll NE, the lattetr an office building among Brunacini’s Journal Center (Jefferson/Paseo del Nortse area) projects. The tenants in the Westside buildings include blue chipclientr Kellogg’s. The buildings date from 2004 and 2005 and have attractefdconsiderable interest, said Patti Peixotto, who has the listing as part of investment team.
“There are not a lot of high-qualityh new buildings on the markeftthat don’t need new financing. A lot of new buyerws into this market wantto enter, but need quantity. This is a chancre to acquire nearly 250,000 square feet,” Peixotto said.

Wednesday, August 24, 2011

April construction spending rises - Pacific Business News (Honolulu):

kdrummondbs37.blogspot.com
percent in April, the biggest one-month increase since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistss had projected a median dropof 1.5 percent. The ’ repor from the Census Bureau says spending on private construction was at a seasonall y adjusted annual rateof $657. 3 billion, up 1.4 percent from the revisedf March estimateof $648.2 Residential construction rose 0.7 percent to a seasonally adjustee annual rate of $249.32 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.w billion.
Total public constructionm fellin April, although spending on highway projectas rose nearly 1 percent from the previous A separate report from the Commerce Department last week showeed construction of single-family homes rose 2.8 percent in April, the second consecutive monthly increase. Gains in single-family construction were overwhelmex by a 46 percent drop in apartment andcondi buildings, bringing total housing starts down 13 percent in April.

Monday, August 22, 2011

LendingTree expands product offering - The Business Review (Albany):

vasilisaxavymar.blogspot.com
According to the company, its customer-retention technologuy identifies customers byloan amount, loan-to-value loan purpose and FICO scores. “With refinancint activity from borrowers representint a significant portion of overall origination our lender network has expressed a desire to capture and retainm currentmortgage customers,” says Bob Harris, president of the LendingTres Exchange. “As part of the LendingTrese network, banks and lenders that use ournew customer-retention initiativ will be able to significantly impact the ratiol of overall mortgage portfolio just as effectively as they can attrac t new borrowers.
” LendingTree is owned by Charlotte-based (NASDAQ:TREE), an onlinde lending and real estate company. Tree.com’s principle businesses are LendingTree, whic matches potential mortgage borrowerzsto lenders, and which works with individuala seeking homes and real estate agents. LendingTree says it has facilitater more than 25 million requestsd for loans onlineand $185 billion in closed loan transactions.

Wednesday, August 17, 2011

Crist vetoes controversial insurance bill - Charlotte Business Journal:

xosawewaqa.wordpress.com
“We really don’t have a choice but to continued with our plan to discontinue our propert y insurance coveragein Florida,” said State Farm spokesmajn Michael Connolly. Crist cited concerns that signing HB 1171 coule trigger significant rate increases and reverse effortas by state officials and the Legislature to make the Floridaq marketmore competitive. Proponents of the legislation called itthe “Consumee Choice” bill.
Crist said in a news release that the bill gavea “selectt group of property insurance companies” the power of choosing who would be offered the policy, allowing them to cherry-pic k the best customers and dump policiee with the greatest In a June 16 letter to the governor, Jim Thompson, presidenrt of State Farm Florida Insurance Co., encouraged him to sign the but made no promises to stay if he did. Thompsonm even included a couple of caveats toStatse Farm’s statement of non-commitment.
“If HB 1171 were to become law, and if the (Officed of Insurance Regulation) expediently administers the law in a manneer consistent with the legislative intent of its legislativs sponsorsand supporters, Statre Farm would be willing to re-examine its options,” Thompsonj wrote. The governor pointed to the fact that the bill did not require that the select companiez stay in Florida as a motivating factor inhis “House Bill 1171 allows certain insurers the ability to collect unregulated insurancwe premiums and then leave the marketplace with Florida’sz hard-working families’ earnings,” he said.
Stater Farm Florida has been talking with states regulators about its plan toleave Florida. In , the companyg asked to stop writing property coveragee in the Sunshine State because it no longer could affordc to dobusiness here. Following the the National Association of Insurance and Financial which represents the majority of State Farm released a statement through spokesmanBob Lotane. “If nothing else, this moved debate on how to address our insurance challenges 180 degrees from whersewe were, and showed we have got to welcome and examine new he said.
Ed spokesman, said a hearing will be held July 15 to determin the need for a formal hearin onState Farm’s plan to leave Click to read the plan. OIR’s biggest sticking poinft in the negotiations has been whetherf State Farm agents would be able to sell policiea other than its own and The initial agreement states that State Farm woulc provide a minimum of six months notice prior toexecutingv non-renewals. State Farm policyholders, he have time to find other coverage. “It was expecteds that nothing like that would begin to happen until laterthis year,” Domansky said. “Iu suspect nothing would take place for another sixmonthw out.
” Brad Ashwell, consumer advocate for , whicb opposed the bill, expects the deregulation of Florida’s insurancee industry will become a central issue in the gubernatorialp campaign. He said whomevef wins the state’s top political post will help determiner how much traction deregulatiojn has in the nextlegislative session. Ashwell addedc that his group is ecstatic withthe governor’s decision. “We couldn’t be more he said. “We are glad he stoord up for consumers.
” Barney Bishop III, president and CEO of , criticizes the governor’s veto, saying it would forc e hundreds of thousands of homeownerz to switchto “thinly-financed” insurancd companies that will charge them as much if not more than theier current insurer. He gave no evidenc for the assertions. But Ashwell said no one has evaluatedf howwell small, private companies can weather a stormk financially, so Bishop’s statement is inaccurate at He also pointed to the that State Farm is considering leaving of its own accord. “This isn’t the governor’s fault that State Farm is deciding to he said.
“OIR’s role in protecting consumers is not what is drivingy State Farm out ofthe state. [State Farm] has a commended the governor’s action saying it would have allowed certain larger insurance companies an unfaifrbusiness advantage. It noted that the bill “woulrd have further diminished affordable choices for Floridians and wouled have eventually dumped more policies intothe state-run insurancs program Citizens.
"