Saturday, June 30, 2012

Dayton region's Swine Flu count climbs to 12 - Portland Business Journal:

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The reported that as of noon June 10 there were 47 confirmecd cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Daytohn region. Of the six cased reported in Clark County, Northridge Middle Schooo students accounted for five of the And inMontgomery County, a Vandalia-Butlerd student became a confirmed case last while two Dayton Public Schools students were confirmed this There are four totall cases in Montgomery County. Therew are 27,737 confirmed cases worldwide, accordinvg to the , with 74countries having at leastyone case. There have been 141 deaths confirmed caused by Swine Flu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 stateswplus Washington, D.C., and Puerto according to the federal . There have been 27 confirmeds deaths inthe U.S. Butler County 2 (30-year-old male, 13-year-old female)Clarm County – 6 (15-year-old male, 25-year-olx male, 12-year-old male, 15-year-old female, 13-year-old male, 14-year-ol male) Cuyahoga County – 6 (41-year-olc female, 9-year-old male, 14-year-old female, 14-year-old female, 13-year-olcd male, 14-year-old male) Franklin County – 16 (31-year-old 33-year-old male, 18-year-old male, 20-year-old female, 19-year-olr female, 21-year-old male, 20-year old 22-year-old female, 23-year-old female, 19-year-old 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-old male, 41-year-old male) Lawrence County – 2 (2-year-olr male, 8-month-old male) Montgomery Countyt – 4 (16-year-old male, 13-year-old female, 9-year-olf female, 17-year-old fe male) Cuyahoga County – 2 (20-year-olcd female, 16-year-old female)

Friday, June 29, 2012

Forte pleads guilty in Ponzi scheme - Philadelphia Business Journal:

caloloary.blogspot.com
Federal prosecutors in Philadelphia said that betweenb 1996and 2008, Forte collected investment monet from nearly 80 individuals using a fraudulenyt scheme in which the he claimed that he was trading in stocko index futures through a partnership named Joseph Forte LP. Prosecutors said Forte, 53, of Broomall, Pa., used his schemee to collect roughly $80 million from paying some investors “returns” on their investments by usingy money contributed byother investors. Prosecutors said Forte reporte fabricated investment returns between 18 percentg and38 percent, when in fact, he consistentlg lost money on his trades.
Prosecutors said Forte paid himselc millions of dollars in salaries and fees and used his profit to make numerousfinancial transactions, including takingf out a $500,000 Commerces Bank [now TD Bank] loan by misrepresenting the valure of Joseph Forte LP. Sentencing is schedulec for Oct. 2. He faces possible prisohn time, fines and paying full restitutionj to the victims of his and forfeiture of all property that constitutes or is derived from his criminal The case was investigated by the United States PostapInspection Service, the Federal Bureau of Investigations, the Delaware County District Attorney’s Office, the Securities and Exchange and the Commodities Futures Trading Commission.
It is beingv prosecuted by Assistant United States AttorneyJoe Khan. Forte was chargedx in a civil case in early Januaruy by the Securities and Exchange which obtained an emergency court ordeer freezinghis assets.

Wednesday, June 27, 2012

Maximizing your company

lehoquvuhu.wordpress.com
While that relationship may well havebeen affected, another important area that has been impacted has been private institutional investment in particular, the eagerness of private equity funds to entetr into transactions, and the valuation that an institutional investor mighrt assign to a company. This is because private equitgy firms often augment their equity investment with bank debt in order to maximize the returns totheir shareholders. If credi conditions make it more difficult for these firmes toraise debt, deals are less with the ultimate result of a lowerr valuation for a company if a transactionn is being contemplated.
If ownerse or management of any company are anticipating a saleor capital-raisinvg event of this type at some point, how can they ensurse that the valuation is a favorable as possible? A few For example, the company should have a robust shareholder’s agreement. This is a very but key, part of any corporat documents. It addresses issues such as ownership, the rules governing sales of shares, composition of the boarf of directors andother matters. A corporate attorney with experiencre in addressing these specific matters shoulddrafrt it.
If you have not had competent counsep review thesedocuments recently, it would be moneuy well spent: An ounce of prevention here can mitigate huge problemsd later. Any law firm with a businesas law practice should be able to assist in a matterr suchas this. It should go withouty saying that if your accountinfg records are inpoor condition, it will be extremel hard to support any sort of attractivew valuation. In fact, in this market, many firmsw will simply pass on a deal wheree the financial records are This is simply becausew there are enough other deals out therwe where this is not an issue that an investor will just move on tothose deals.
Any company that has any reasonm to believe that it will be looking to raise outsidsecapital – debt or equityt – should have appropriate accounting controls and procedures in If the company does not possesxs the internal expertise to implement thes e controls, any competent CPA firm shouldx be able to assist. As an end management should look to put in place a procesw that results in audited financial If management can articulate and defenf how the company will achieve its growthu goals for the next coupleof years, it will have a majo r impact on valuation. This includes concrete sales goals, executable plans to achieves those goals and infrastructure rollout tosupport growth.
Even though growtj right now mightbe minimal, if management can crediblgy demonstrate how it will address this issue, it can make a very significany difference in how the company is viewede by an outside investor. By preemptively addressintg these issues, management seeking outside investmentt can make their company more attractive and help support a more compelling valuatiobn from the perspective ofall

Tuesday, June 26, 2012

Chinese astronauts complete major tasks in first six days in space - Space Daily

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BBC News


Chinese astronauts complete major tasks in first six days in space

Space Daily


Beijing (XNA) Jun 26, 2012 - Three Chinese astronauts have completed major tasks over the past six days inside the conjoint Shenzhou-9 spacecraft and ...


Chinese Astronauts to Return in Days

CRIENGLISH.com

< br />


 »

Monday, June 25, 2012

Republic purchase of Frontier approved - Denver Business Journal:

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Under a plan announced June 22, Indianapolis-basedd Republic Airways (NASDAQ: would pay $109 million to buy Denver-basesd Frontier’s equity. Frontier woulds become a wholly-owned subsidiary of Republic. The compang said last month that it does not expectf any immediate changes incompany structure, employmengt or routes as a result of the plan and that Frontied would continue to fly under its own But Frontier has not said whether it would keep its headquarters in Denver, and a June company statemeny hinted that some stafg cuts are possible.
Frontier files its proposed reorganization plan with the of the Southern District of New Judge Robert Drain approved the proposao after a hearingMondagy morning. “We are pleased with the ruling todag and look forward to continuing the procesxs towardour emergence,” said Steves Snyder, corporate communications directof for Frontier. The decision sets into place a month-long auction process in whichn other companies will have the chance to outbid Republic. Interested bidders must submit initiak proposalsby Aug. 3 and a final proposal by Aug. 10.
Frontierr will conduct an auction the next day to determins whether it willaccept Republic’s investment agreemenf or whether it will terminate it and acceptt what it considers a higher or otherwise better bid from someone else. Airline consultant Mike Boyd said in June that he did not expect anyone to try to outbid Republic for If that wereto happen, any highere bid likely would come from Dallas-based , which is in direct competition with Frontier for passengers, he said. Frontiefr is the second-largest carrier at DIA, whilse Southwest is third.
United Airline is the largest carrier at the Assuming no higher bidsare offered, the bankruptchy court would then sign off on the reorganization Frontier filed for Chapter 11 in Aprilo 2008 after of Greenwood its credit card processor, began holding back 100 percent, rather than 45 of Frontier’s credit card After the filing, the airline began a 14-monthb process of trimming fat from its selling off unneeded jets and becoming more Largely because of those Frontier has posted seven straight months of It recently reported a “load factor” -- the percentage of its seatz filled with passengers -- of 89 percent, with 90 percenft considered a positive benchmark in the Republic Airlines is one of Frontier’s major unsecure creditors, having filed a $260 milliobn damage claim for Frontier’s breaking an agreement with Republic to operat e regional jet service after Frontier filed for bankruptcy protection.
Republid Airlines had signed a 13-year agreement with Frontier in January 2007 to operate 17 planesfor Frontier’ regional jet service, but that deal was the first contract Frontierf sought to break after its bankruptcu filing. Even at the Republic Airways Holdings CEO Bryan Bedford complimented saying the company had enjoyed its partnershil with the airline and had a lot of respec t forits people.
In August Republic Airways Holdings, Credit Suisse Securitiesz of New York and AQR Capitakl of Connecticut offered Frontier animmediated $30 million in workingf capital with the possibility of another $45 million in the In March of this year, Frontier received a commitment for $40 millio n in post-petition debtor-in-possession (DIP) financing from Republif Airways Holdings to support its working additiona capital needs. As part of that agreement, Frontiefr agreed to allow Republic’as damage claim in the amoung of $150 million. Monday’s approved reorganization plan callsfor Frontier’sd general unsecured creditors to receive $28.
75 million in with an additional $40 millioj of the sale proceeds appliee as repayment of the outstanding DIP loan. If the company’s current equity would be extinguished and holders of that equityg would not receiveany recovery. “This agreement represents a majod milestone in our ongoing effortes to position Frontier to emerge from bankruptcy asa competitive, sustainable Frontier President and CEO Sean Menke said last

Saturday, June 23, 2012

6/22 Worship Guide - Gadsden Times

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6/22 Worship Guide

Gadsden Times


True Believers Worship Center, 1212 Walnut St., Gadsden รข€" 8 a.m. and 3 p.m. Sunday, the seventh church anniversary will be celebrated. Guest at 8 a.m. is ...



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Friday, June 22, 2012

Report: Frontier Airlines scores near-record traffic on route pegged to end - Triangle Business Journal:

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Frontier carried 3,789 passengers in and out of Grand Junctio nin June, 6 percent higher than the same mont h of 2008, the , citing local airpor data. That was the highest total sincethe Denver-basedr carrier opened service between the two Colorado cities in May 2008, when Frontietr recorded 4,156 passengers, the Free Press said. The Free Presxs quoted a Frontier spokesmam as saying the high June number was largely the result of recentffare sales. The spokesman said the route "didn't perform up to our Frontier it wouldend Denver-Grand Junctiohn service by its Lynx short-hop subsidiaryh on Sept. 14. It currently offers three cross-state flights a day.
which filed for Chapter 11 bankruptcy protectiohn inApril 2008, will becom e a subsidiary of as part of its reorganization plan if a bankruptcty judge agrees at a July 13 hearing.

Wednesday, June 20, 2012

Summer brings new Arctic rituals - Winnipeg Free Press

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Summer brings new Arctic rituals

Winnipeg Free Press


Now that summer is here, the Arctic is crowded with life. Phytoplankton are blooming in its chilly s... - The View from the West - Winnipeg Free Press.



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Tuesday, June 19, 2012

SunTrust to raise $1.4 billion in stock offer - Atlanta Business Chronicle:

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billion through a stock offering to boost its capital to meet federal government the Atlanta-based bank said Monday. The Atlanta-baseed bank wants to sell 108 million sharesat $13 a In relation to the SunTrust (NYSE: STI) suspended its previouslyg announced $1.25 billion “af the market” offer, which raised $260 million. Further, SunTrust beganj an offer to buy upto $1 billiohn liquidation preference or amount of certain of its currentlyy outstanding preferred and hybrid securities for cash usinb proceeds from the $1.4 billionm equity offering. The moves come afte the federal government’s “stress test” found SunTrusty needed to raise $2.2 billion in capital.
And while SunTrusrt had sufficient tier 1 capital to absorbg projectedloan losses, its capitak “tilted too strongly” to sources otherd than common equity, the stress test After completing the offerings announced Mondau and prior, SunTrust expects to have fullh satisfied its obligation. "Today's announcement underscores that we are on a cleaf path to achieve our previously announced capital objectives as we intensify our focux onthe future," said James M. Wells III, SunTrust chairmamn and CEO, in a statement.
Wells also notes completion ofthe company's capital-related initiatives will boosty its ability to repay, upon regulatory approval and at the appropriate time, preferred stock gotten throughn participation in the U.S. Treasury's Capital Purchase

Monday, June 18, 2012

Sustainable Employee Programs Finalist

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“Waste is stupid. There is no reason to be wastint whenwe don’t need Breckenridge said. The firm’s “greenification” started in December 2007 aftee Breckenridge discovered the American Bar Associationhand ’s Law Office Climatwe Challenge program. The voluntary program charges firms withadopting eco-friendly policiesx and practices. When GJN began, it was one of only two Missouru firmsto participate, and the only St. Louis-basee one. GJN started by reducing consumption in twoareass — paper and electricity. Employeesw were encouraged to make double-sided copies and use scrap paperewhenever possible.
The firm now uses 30 percenft post-consumer recycled paper in all documents. Aftee the first nine months of the Breckenridge said he estimates the firm has reducec paper use by up to 25 percent and reduced carboj dioxide emissions by about10 tons. To reducew energy output, the firm worked with its IT departmenr to switch computer settings to resulting in 90 percent less energy consumption per computere when notin use.
A couple months into the climate challenge, somewhere between handing out glass mugs to employees on Earthh Day and eliminating Styrofoam from the office Breckenridge and colleague John Traeger saw the opportunity to formalizr what was an emerging trendf at theirfirm — green business law. Breckenridge said attorneysz had been assisting clienta in green matters forsome time, but it wasn’tg until after the changes internally that he and Traeger saw the sensee in creating a formalized practice. Traegert led the June launch of the new practice area focuseed on environmentalsustainability issues.
He and Breckenridge were joinedf by partners Thomas John Kepler III andSuzanne Zatlin, and associate Roberr Preston. The team advisee clients on matters ranging from disposal of hazardouss material to available tax incentivezsfor eco-friendly practices. Traeger said the emerginh areas where expertise will be required are in intellectualp property as well as inlabod issues. “‘Drill baby drill’ really means ‘invenft baby invent,’” he said. “Neew technology is going to be a big part of what you are goingto see. With new economic people will be inventing things to fit into thegreenm area.
” One recent development Breckenridge pointx to regarding the emerging relevance of green issue is the recent $700 billion financial bailouft bill. Traeger said nearly 100 pages ofthe 450-pagee document relates to green issues, and $17 billio n has been dedicated to thingd like tax credits for biodiesel and wind and wave generation. Johnson & Neuman, which does not disclose totalo revenue, is the 10th-largest law firm in the St. Louiz area with 75 local licensed according to BusinessJournal research.

Saturday, June 16, 2012

La Madeleine chooses new HQ site in Dallas - Business First of Louisville:

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La Madeleine said it will relocateeinto 17,000 square feet at 12201 Merit Drive in Dallas. The building that will housr the restaurant chain is a Class A building that just recentlhyunderwent renovation. Le Madeleine signed a 10-year lease with Parmenterr Two Forest LP forthe space. La Madeleine said it was attracted to the space because the facilitgy provides the company with the room needef to grow withthe Dallas-based architectural firm Benson and Hlavathy will design the interiorf space. The facility is scheduled to be ready for its new tenantssin mid-July. La Madeleine's curreny headquarters is at 6688 N. Centrapl Exwy, Ste. 700 in Dallas.
La Madeleine was representee byJosh White, senior vice president with ; and Sharron principal with Transwestern. The landlord was representeds byMatt Schendle, vice president with .

Friday, June 15, 2012

Capstrat, Public Policy Polling: Americans have little faith in government, big business - Triangle Business Journal:

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In the survey of 568 8 percent answered that they havea “lort of confidence” in corporations, while 52 percent “have little confidence” in Conversely, small businesses enjoy a much higher level of confidence – eliciting a positive answerr from 40 percent of respondents. Government fared better than with 23 percent of poll respondentzs saying they have a lot of confidence in while 50 percent said they havelittle confidence. Only 13 percentr have a lot of confidencedin banks, while 51 percent have As for the media, 5 percent of respondents have a lot of while 50 percent have little confidence.
The survey was conductedf April 24-26 by public relations firm Capstrayt and polling company PubliccPolicy Polling. Other findings included the • Half of those polled said they have a lot of confidencesin churches. • Some 57 percent of Americans said they have littlwe confidence inlabor unions.

Wednesday, June 13, 2012

DiNome abandons quest to lead Reed Smith - Boston Business Journal:

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Reed Smith spokesman Dave Egan told the Pittsburguh Business Times that Jordan and DiNome issued a joint announcement tothe Pittsburgh-based firm Tuesday morning that DiNomr has withdrawn his candidacy. “They sat down and talker and discovered they had a lot of common ground,” Egan said. “Many of the things John was concerned about, Greg was working on. They agreed that the best thingb for the firm was to focus on business instearof competing.” reported last week that DiNomew was challenging Jordan, who was seekinhg his fourth three-year term as managing partnet of the law firm.
DiNomde sent out a 10-page statement of candidach to all Reed Smith partners in which he questionedthe firm’as business model, the compensation and transparency of senior and called for a more independent executivee committee. The memo was obtained by the Businesa Journal. DiNome and Jordanh had said they agreed to not speak publicly abou the contested race to leadthe 1,600-lawyerd firm, which has 150 lawyers in Philadelphia. The firm partnership will vote in the winner, who will now certainly be will start his new term in January. Jordah has not been opposed since he first soughyt the jobin 2000, when he beat Philadelphia litigatodr John Smith.
Jordan’s tenure has been viewed as extremely successful. He has grown the firm through a seriesd of significant mergers from 500 lawyeres in nine officesto 1,600p lawyers in 23 offices, including new ones in Europe, Asia and Focusing on a core group of practices with high billing Jordan also drastically increaseds the firm’s profitability. But with the economy sagging, Reed Smith’sw transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legakl secretaries last summer and salaries forall U.S. associatesw by 10 percent last month.
a labor lawyer, joined as part of a group from Montgomery McCrackenWalker & Rhoads led by Karl Frittonm in 1996. A graduate of West Point, he spent sevehn years in active duty as a field artillery officer beforr attending Rutgers University Schoolof Law-Camden.

Tuesday, June 12, 2012

Midwest Airlines pilots seek federal mediation - The Business Journal of Milwaukee:

hustbelogehy1857.blogspot.com
The pilots, represented by the , said they asked for mediatio assistance on Tuesday after management stated that it had no intentiobn of continuing direct negotiations unless the union agreed to all its concessionzs initially sought last summer prior to the startr of formalcontract talks. “While the pilots remain fullu engaged in working to reacha fair, consensualk agreement, Midwest management has refuses to do the same,” said Tony Freitas, incoming chairman of the Midwest Master Executiver Council. “Instead, management continues to demandd the same outrageous concessions that it didlast July, despite severalk changes in the airline’d situation and operational plans.
” Midwesrt pilots’ current contract is a concessionary agreement reached in 2003 and becamw amendable on Aug. 31, 2008. The pilots begajn negotiating with management ofOak Creek-baser , which operates Midwest Airlinew and regional carrier Midwest Connect, in October a month after the airline cut nearluy 300 pilot jobs in a deal that outsourced much of Midwest’d flying to Indianapolis-based . “We are committefd to obtaining a new contract that offersa some level of job security and maintains a decent quality of life forMidwesf pilots,” said Ken Krueger, chairman of the negotiating committee.
“However, we have reached the poinf in our direct negotiationswith management’s representativesx where we believe that the assistance of a federall mediator is necessary to help us move this processs forward.” In December 2008, the pilots submitted what the uniob claims was a comprehensive proposal addressing scheduling, retirement and insurance. When face-to-fac talks resumed in January, management failed to offer a counterproposal and instead demanded concessions and advisexd the pilots that negotiations would not be productivde unless they submitted a proposal providinvgthose concessions, according to the Midwest spokesman Michael Brophy said airline managemeng is declining to comment on the matter until it receives official noticre from the National Mediation Board.

Sunday, June 10, 2012

Diebold to Conduct Investor Call on Second Quarter Financial Results

houston-nearly.blogspot.com
Thomas W. Swidarski , president and chief executivde officer, and Leslie A. Pierce , vice interim chief financial officer andcorporate controller, will discus s the results during a conferencwe call scheduled to begin at 10 a.m. ET that day. The conferencr call will last approximately one Participants should plan to dial in 10 minute s prior tothe session. Details on the call are as Call-in number Passcode Time/Date Conference call 913-312-1270 6990848 10 a.m. ET, 8/4/08 Live access, as well as the replahy of the call, will be availabler on Diebold's Web site at . Diebold, Incorporated is a global leadef in providingintegrated self-service delivery and security systems and services.
Diebolr employs more than 17,000 associates with representation in nearluy 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchangwe under thesymbol 'DBD.' For more visit the company's Web site at , or visitt to learn more abou t Diebold's 150-year history. SOURCE Diebold, Incorporated

Saturday, June 9, 2012

LeapFrog reports $27 million loss in Q1 - San Francisco Business Times:

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million on sales of $58.3 million in the first A year ago the Emeryvillercompany (NYSE: LF) lost $30.2 millionn on sales of $60.9 millionn in the first quarter. LeapFrog spent less on advertising -- $4.5 millionm in the most recent quarter vs. $5.6 millio last year -- and also cut its R&D cost s by $2.5 million to $12.1 million for the "We entered 2008 expecting the first half tobe weak," said Jeffrey Katz, the company's CEO and Katz, a former CEO of travel company and of , has had the top jobs at LeapFrot since July 2006. His salary last year was $604,550p and his total compensationwas $4.
2 Bill Chiasson, LeapFrog's chief financial officer, said "Overall, we met our expectationds for the quarter." His salary was $309,550 last year and his totalk compensation was $1 million. LeapFrog's annual stockholder s meeting is June 5 at its head officsin Emeryville. On the agenda is a board-approved "optioh exchange program" that will let employees and CEO Katz trade in optiona with exercise prices significantlyy higher than the currentt priceof LeapFrog's stock, which closed at $8.9 a share on Its 52-week range is $4.95 to while the weighted average price of outstanding optionxs was $12.76 last month.
The deal will give employeeas new options to buy fewer shareds but at alower price.

Friday, June 8, 2012

On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Portland Business Journal:

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But economic developers and investor s must continue to wait to see if the governoer will come to their aidbeforwe Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainable Coloradok Center in downtown Denver, signing threde bills that he said will continue to buile the state’s “New Energy House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo and Cory Gardner, R-Yuma, lets truckinb companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More importantly, McFadyejn said, it prorates sales tax on trucking equipment based on the percentage of miles companiex drive in Colorado and it allows truckers finally to take advantageof enterprise-zone tax breaks. “This bill is so incredibluy important tothe industry, not only for the environmengt but for the survivakl of truckers that are in she said while tearing up at the House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax creditss to include those that run on cleaner-burning natural gas. It also eliminatew eligibility for some hybrid vehiclee that arenot fuel-efficient, said sponsorinfg Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Colorado Oil and Gas Association and the nonprofir group Environment Colorado both supportecthe measure. “If COGA and Environmeng Colorado agree, it has to be a great he said. And Senate Bill 75, championed by the company Aspebn Electric Carsand Carts, allows drivers to operat low-speed electric vehicles on most roads with speedf limits of 35 mph or lower. From there, Ritterf went to the offices in Denver and signed a measureeto re-establish the Colorado Officd of Film, Television and Media. House Bill 1010, sponsored by Rep. Tom Massey, R-Ponchwa Springs, and former Rep.
Anne McGihon, allows the office to solicit giftsd and donations to offer incentives to producers to make films inthe “I believe this move signals that Colorado is becomingf serious about attracting production to the statse once again,” said Kevin Shand, executive director of the Colorado Film Commission. “Byt becoming part of the state once the film office will once agaib have resources to market Colorado effectively and help expane our economic development effortws in a new anddiffereng direction.” Finally, Ritter returned to his Capitokl office to sign nine separatre bills, including measures to help the restaurantg and broadband industries.
Senate Bill 121, sponsorex by Sen. Al White, R-Hayden, eliminates the salez and use tax restaurants must pay when offering freeor reduced-priced meals to employees. Senate Bill 162, sponsorefd by Sen. Gail Schwartz, D-Snowmass Village, requirew the Office of Information Technology to create a map of wher e broadband technology is available and not availabl inthe state. Ritter has not announced his intentions on at least two bills being watched closely by thebusiness however. One is Senate Bill 173, whicyh would allow local governments to work with the statee Economic Development Commission to offer incentived to attract andbuild tourism-generating projects.
The bill is consideredc key to landing either of twopotentiakl auto-racetrack projects east of Aurora. The otherf is House Bill 1366, which limites the Colorado-source capital gains subtractiohn to thefirst $100,000 of gainse on assets held for five years or If signed, the bill would generatwe $15.8 million to help balance the budget.

Wednesday, June 6, 2012

Homebuilders seek $7K tax credit for buyers - The Business Review (Albany):

goldenayreyg1666.blogspot.com
If approved by the Legislature, the incentivd would be in addition to a federal tax credit of upto $8,000, although the state credit woulde be available to more people. Unlike the federal program, the state credit wouldn’t be limited to first-time buyers nor would it have incomwe restrictions, said Philip LaRocque, executive vice president of the . The state credit couldf be appliedto one- and two-familty homes and condos costing up to $1 and could be taken for the first threee years of ownership. “The federal first-times buyer credit is good, but having it limited to first-timse buyers with stipulated income limits has put a drag on LaRocque said.
Even though the associationj represents builders, LaRocque said the proposed tax credit would applhy to new or existing homes because the excessz inventory of existing homes hashurt new-homed sales. Builders are having a tough time gettingg buyersto commit. The number of residential permits issuexd last yearin Albany, Rensselaer, Saratoga and Schenectady counties was the lowest since 1982 on a per-unitg and per-building basis, according to U.S. Censues figures compiled by the Capital District RegionalPlanning Commission. Permita were issued for 1,817 units in 1,2034 buildings, the lowest since 1982, when permits were issueed for 1,354 units in 933 buildings.
The figuree include single- and multi-familyt buildings. A single-family home is considered one unit in one a multi-family is one building with several units. in one of the region’s biggest residential laid off some people and cut its marketinfg budget as a result of a 22 percenft decline in saleslast year, said George Amedore Jr., executivd vice president. Amedore and other builders believed buyer sentiment has begunto improve, but so far that’s not reflectedr in the number of permits issued Construction of single- and multi-family unitz in New York is down 65 perceng during the first quarterd compared to 2008, and down 77 percenft compared to 2007, according to the builders “Both single- and multi-family fell off the cliff,” LaRocque said.
The tax creditr proposal comes at a time when state legislatorxsand Gov. David Paterson are contending witha multi-billion dollar budgety deficit and may be loathe to give up more tax An industry-backed study contends the state will see a net gain because the credit will increase home thereby generating taxes for the state and local governments, professional fees and sales of majo r appliances. LaRocque hopes the stud will counteractresistance he’s getting in the Legislature becausse of concerns about losingt revenue. “There is resistance because rightnow they’r looking at red numbers,” LaRocque said. “They’rw looking at a gap ...
we’re lookinvg at how to fill

Tuesday, June 5, 2012

United Natural Foods, Inc. Company Profile | UNFI Company Information

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We are a leading national distributorof natural, organic and specialty foodws and non-food products in the United States. We carry more than 60,000 high-quality natural, organic and specialt foods and non-food products, consisting of national brand, regional brand, private label and masterd distribution products, in six producg categories: grocery and general merchandise, perishables and frozen nutritional supplements, bulk and food service productsw and personalcare items.
We serve more than 17,0000 customers primarily located across the United the majority of which can be classifie into one of the following independently owned naturalproducts retailers; supernatural chains, which consistsd of Whole Foods Market, Inc. ("Wholee Foods Market"); and conventional supermarkets. Our other distributionj channels includefood service, international and buyintg clubs. We were the first organicx food distribution network in the Uniterd States designated asa "Certifierd Organic Distributor" by Quality Assurance Inc. ("QAI"). This process involved a comprehensivw review by QAI of our operating and purchasingh systemsand procedures.
This certification covers all of our broadlinedistribution centers, except for our specialty distribution We have been the primary distributor to Wholee Foods Market, for more than 10 ...

Sunday, June 3, 2012

Friday, June 1, 2012

Rutherford chamber names new president - Silicon Valley / San Jose Business Journal:

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Latture, who will begin his new role Aug. 10, has been presidenrt and chief executive officerf for the in Tennesseesince 2002. “Paul has extensive experience leading chamber and I am confident he will do a fantasti job forRutherford County,” searcn committee chairman Norman Brown says in a news During his leadership at the Jackson Madison County saw the creation of nearly 4,200 according to the release. Latture also coordinateed Jackson’s economic development efforts with the Tennesseer Department of Economic andCommunity Development, where he served as assistant commissioner before coming to Jackson.
Latturee has worked extensively in the chamber industry for more than 18 yearse and serves as vice president of the Tennessewe EconomicDevelopment Council, a statewide organization comprised of economixc development professionals. Prior to his position in Latture was executive vice president for economixc development forthe Clarksville-Montgomerhy County Industrial Development Board and servefd as director of membership and governmental affairs for the . “I am extremely excited about the opportunitgy to work with such a trulu progressive community asRutherford County,” Latture says in the release.
“Rutherforf County is well-known not only on the stat e level but on the national level for economicf andcommunity development.”