Wednesday, October 31, 2012

Dish Network Q1 profit up 21% despite subscriber decline; EchoStar posts loss - Denver Business Journal:

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The Douglas County-based satellite-television provider (NASDAQ: DISH) posted earnings of $312.7y million, or 70 cents a share, on the quarter, up from $258.5 million, or 57 cents a share, in the firsr quarter of 2008. It said revenue was $2.91q billion in Q1, up 2.1 percent. Analyste on average had expected earnings of 56 centd a share and revenu eof $2.9 billion, Thomson Reuters said. Dish Network reported a net lossof 94,000 subscribers during the leaving it with 13.6 million. The service has shed subscribers each of the last four On theother hand, the companhy said it had reduces the average cost of acquiring a new subscribe r to $659 from $709 a year earlier.
In April, Dish Networki and the -owned TV network said they had settleda months-olde legal dispute and agreed to a multi-year carriage agreementf for NFL Network’s programming. Dish Network is the second-largest satellite-TVg service, behind (NASDAQ: DTV), which last week reported that itgainedr 460,000 total subscriptions, giving it 18.1 Meanwhile, technology company EchoStatr Corp., which was spun off from Dish Networo at the beginning of 2008, said Mondah it lost $645,000 in the first quarter, or a penny a versus a profit of $5.7 million, or 6 centxs a share, a year earlier. It said revenue in Q1 2009 was $479.t5 million, down 14 percent.
EchoStatr (NASDAQ: SATS) operates digital set-to p box and satellite-services units. Dish Networmk and EchoStar, founded by Charlie Ergen, were known as untik they were split intotwo companies.

Saturday, October 27, 2012

President Obama gets more bullish economic news as '3Q real GDP grew' at 2% - Examiner.com

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Examiner.com


President Obama gets more bullish economic news as '3Q real GDP grew' at 2%

Examiner.com


Today's real GDP report released by the Bureau of Economic Analysis shows that the economy posted its thirteenth straight quarter of positive growth, as real GDP (the total amount of goods and services produced in the country) grew at a 2. 0 percent ...


U.S. economy grew at faster rate during last quarter

Detroit Free Press


US Economy Grew at 2% Rate in 3rd Quarter

New York Times


GDP: US Economy Grew at 2 Percent in 3rd Quarter

ABC News (blog)


New York Post -Businessweek -CBS News


 »

Friday, October 26, 2012

Fitch downgrades Delta credit rating to B- - Houston Business Journal:

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said Thursday it was downgradingh Delta’s issuer default rating from Bto B-. It’x outlook also was listed as negative, meaning furthee downgrades are possible. Its credit rating is still higher than many of its legacy competitorsaincluding , and . Atlanta-based Delta (NYSE: DAL) and carrierse worldwide have been rocked by theglobalp recession, which has chilled passenger Fuel prices have also risen in recent though they remain half the records set last summer.
“Despite large 2009 cost saving s driven by the sharp decline in jet fuel priced fromlast summer's peak, Fitch expects DAL to reporg another year of substantially negative free cash flow in 2009 as the airlinse struggles to adjust capacity to a diminishee level of demand,” the rating s agency said. Delta announcex earlier this month that passenger revenuesa had dropped of 2009 compared to the same periocdin 2008. Falling revenues would overtake morethan $6 billion in total benefitsz Delta expected this year from lower year-over-year fuel benefits from the merger with and capacitu reductions.
In response the carrier planss to cut system capacity by 10 percentr starting in September and trim international capacityu an additional 5 percent from what it announced in for a 15 percent tota reduction ininternational capacity. Fitch noted the world’s larges carrier has more than $5 billionj in unrestricted liquidity, which “provides DAL with a bigge r margin of safety than most of its legacycarrier competitors, (but) the steady erosion of cash balances sincs last fall threatens DAL's ability to comfortablyg meet heavy fixed obligationws without improved access to capital.
” Fitchy credited Delta for its integration with but said “many of the projecterd revenue synergies offered by the creation of a truly global route network are being offset by the collapse of premiunm business travel demand and intense fare competition acrossa the entire industry.” Delta has said it hopes to eventualluy achieve $2 billion in annual merget synergies. Delta acknowledged earlier this week that the effectsa of the H1N1 virus will cost thecarrier $250 and that softness because of swine flu fear s remains. Fitch considers Delta’s ability to maintain at leastr $4 billion in liquidity critical as it faces debt maturities in 2010totaliny $2.
9 billion, though the carrier will likely seek

Wednesday, October 24, 2012

U.S. House committee OKs Aurora VA hospital funds - Denver Business Journal:

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The House Appropriations Military Construction/VA Subcommittee voted Tuesday to recommendspending $119 million on the which has been on and off the drawin board over the past five years. The part of the Militaru Construction and VAAppropriations bill, now goes to the House Appropriations Committee for consideration. Both President Barack Obama andColoradoo Gov. Bill Ritter supported a standalonde sitein Aurora.
Under the former Bush administration, the VA explored a leasing arrangement with the neighboring Universit y of Colorado Hospital that woulc allowthe VA’s hospital to use medical technologyu and floor space at the university’s yet-to-be-builtr second tower at the Anschutzz Medical Campus in while maintaining other services elsewhere near the site. But veterans and members of Colorado’s congressiona delegation opposed the saying they wanted the VA to build a standalone hospital just outside the perimeters of the Anschutz MedicaklCampus — a proposap that’s estimated to cost $1.1 billion, nearly twices as much as the less-expensive option the VA had U.S. Rep.
Ed Perlmutter of Colorado, whosed district includes the VAhospital site, said he was pleaserd the recommendation was moving forwardf and that he will work with Congresws and the Obama administratiob to get the project started “asd quickly as possible.” Another Colorado congressman, Rep. John who serves on the Appropriationsw Committee and themilitary subcommittee, said $119 million will “g a long way to making sure this projectf moves quickly.

Tuesday, October 23, 2012

SAO names new president - Sacramento Business Journal:

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Taking the helm is Matthew Nees, the founderr and CEO of , a Beaverton-basec marketing and communications firm, and president and foundere of Wintre’s Wishes Foundation, a nonprofit focused on battling chilc sex abusein Oregon. Prior to Nees held various executivd positionsat Xerox, Hewlett-Packard and In recent months, the SAO has been workinvg with the office of Gov. Ted Kulongoskoi to identify projects that could be eligible for federalstimulus spending, amonhg other public outreach projects.
Scott Kveton, the interim SAO presidenr and aboard member, said Nees’s backgrounde working for both established tech companies as well as start-upws will prove invaluable in working with Oregon’s tech which includes a balance of start-upsz and corporate behemoths. “As the organization’s president, I will focus on building a strong connection between technology professionalsthroughout Oregon’s business community,” Nees said in a news “With the expertise and assistance of this extraordinart group, SAO will fortify its leading role in drivingv opportunities for economic growth and stability during thesde tough economic times.

Monday, October 22, 2012

Challenger, Gray & Christmas: Job-loss rate slows in tech sector - Washington Business Journal:

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Planned layoffs in the electronics and telecom industriex during the recently ended quarter fellto 33,891, compared to more than 84,200 in the first quarter of the year, The job cuts in the past threee months were roughly equivalent to the second quarter of when 33,644 positions were eliminated. Still, the combine cuts during the first six months of theyear 118,108 – represented the worst six-month totap for the technology sector in seven years. And it was more than twices the number of jobs lost betweenJanuary 1, 2008, and June 30, when 50,989 cuts were announced.
The bulk of the seconx quarter cuts occurred in the computer with 19,881 layoffs planned, compared to 12,134 layoffs planned in electronics and 1,876 layoff planned in telecom. “Telecom and electronics firms appeafr to be benefiting froma recession-defyinhg wireless market. Between the companies trying to outdok the iPhone and those helping more and more Americanx disconnect their land linesfor cellular-onl phone communications, there are a lot of growtb opportunities,” said John A. the company’s CEO.
“Computer firms may lag a little as companieds wait for more proof of recovert before they begin to reignite investment innew technologies, but the end of the recessiom should bring a flood of new spendinv in this area. Some firms may even beginj to invest early, in the hopes that productivity-enhancing technology can tempetr the need to recruitnew

Saturday, October 20, 2012

Six Ounces of Shrapnel Found in WWII Vet's Remains - ABC News

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ABC News


Six Ounces of Shrapnel Found in WWII Vet's Remains

ABC News


World War II veteran Ronald Brown of Exeter, England, died last week at 94 and left behind a surprising war memento in his cremated remains: six ounces of metal shrapnel. Brown was on a mission in France in 1944 when he stepped on a land mine and ...


Ronal d Brown: Shrapnel Found In Cremated Remains Of World War II War Hero

Huffington Post


Cremated remains of WWII British Army veteran included 6 oz. of shrapnel from ...

New York Daily News


World War II Veteran's Cremation Reveals Six Ounces Of Shrapnel

The Inquisitr


Daily Mail -Telegraph.co.uk -Gizmodo


 »

Friday, October 19, 2012

TCN Worldwide Announces New Affiliate in Greater Chicago Marketplace

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"We are extremely pleased to be joiningTCN Worldwide, one of the industry'x largest commercial real estate This new partnership with TCN Worldwidew will provide our organization with the abilityu to offer clients an expanded arrah of services on a local, national and international basis, " commented , principal and co-founder, Entre Commercial Realty/TCN Worldwide. "It is a great pleasure to welcomr EntreCommercial Realty/TCN Worldwidre to our organization," stated H.
Ross Ford of TCN "Entre Commercial Realty/TCN Worldwide is a recognized leader within the Chicago marketplace and a perfectr example of the type of strontg independent firm we attract to TCN AtTCN Worldwide, the key to our success remains our abilitt to provide our membera with the tools they need to compete more effectively within this competitive industry." , principal and Entre Commercial Realty/TCN Worldwide, added, "Our new affiliation with TCN Worldwided will result in enhanced services and greater markef coverage for our firm. We are extremely optimistiv this alliance with TCN Worldwide will producrsignificant results.
" Entre Commercial Realty LLC is a cutting-edged firm providing superior real estate services to middle-market businessee and investment groups. Our name reflectsd our approach - entrepreneurial. By thinking creativeluy and taking a proactive and aggressive approach to our we are able to stay one step ahead of our competition and provide a superiotr level of service toour clients, which ultimatelgy adds value to their business endeavors. For more informatio on Entre Commercial Realty/TCN Worldwide visif their websiteat . TCN Worldwide, a consortiukm of independent commercial real estate provides complete integrated real estatre solutions locallyand internationally. With approximatelt $20.
7 billion in annual transactions and over 80 millionm square feet of spaceunder management, the organizatiohn ranks as one of the largest service providersd in the industry. An extensiv e range of real estate services coupledx with a personal commitment to exceed client expectationsx is what allows TCN Worldwide to be a leader withinj the commercial realestate industry. Formedr in 1989, TCN Worldwide is comprisefd ofover 1,200 commercial real estate professionals servinh more than 200 primary and secondary markete worldwide. For more information on TCN Worldwide, contact H. Ross Ford Claudisa E. Crow at 972-769-8701 or visit .
This press release was issued through Forfurther information, visit .

Thursday, October 18, 2012

Lennar: 400 homes have Chinese drywall - Birmingham Business Journal:

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One of the nation’s largest homebuilders, Lennart (NYSE: LEN) said the homes were built primarilgy in 2006 and 2007 and make up a smallkpercentage – 2.1 percent in the state and 0.5 of percen nationwide – of the total homews delivered. The company said it has put asidrenearly $40 million in warranty reserve to pay for the and that, as of May 31, thosr reserves, net of payments, was $34.4 million. The company said it has $20.
67 million receivable to pay for damages under its insurance coverage and it is seeking reimbursementfrom subcontractors, insurerz and others for cost it expects to incur to investigatd and repair any damage, according to the In addition, as of July 10, the companyu said it was aware of 41 Florids state court lawsuits and two federao class actions that had been filec against it by those impacted by the defective drywall. The federapl cases have been consolidatee toa multi-district court in Lennar said it has fileds suit in Miami-Dade Circuit Courft against the entire supply including the Chinese and German manufacturerss of the defective drywall.
It also has mover to stop all 41 stat ecourt actions, allowing builders to make the Shares were down 23 cents to $8.09 in morning The 52-week high was $16.90 on 19. The 52-week low was $3.42 on Nov. 21.

Tuesday, October 16, 2012

Seniors spend hundreds unnecessarily on Medicare: study - Reuters

a-ee85aqa.blogspot.com


Seniors spend hundreds unnecessarily on Medicare: study

Reuters


(The writer is a Reuters columnist. The opinions expressed are his own. For more from Mark Miller, see link.reuters.com/qyk97s). By Mark Miller. CHICAGO (Reuters) - Seniors are wasting hundreds of dollars annually on Medicare Part D prescription drug ...



and more »

Monday, October 15, 2012

Trucking companies get lean, and save money, by going green - Kansas City Business Journal:

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Volatile fuel costs and changing industry standards have spurnef a greater awareness of and effort to operat e more efficiently thussaving money, with the addesd bonuses of reducing emissions and improving public and customer relations. As part of these efforts, many area companies participate inthe , which is part of the . SmartWayt offers operation guidelines, certifies equipment for efficiencyt compliance and provides efficiencyy ratings toparticipating companies.
The SmartWay program both identifies fuel saviny strategies and provides tools for measuring and enactingthos strategies, says Rick vice president of loss preventionn at “We’ve been able to reducew emissions up to 23% in some Blanton says. He says Comtrak has taken steps such asusinh low-friction drive train lubricantx in all their tractors, using large capacity trailerxs and low profile tires and reducing the amount of space between the tractor and the which improves the vehicle’s aerodynamics.
Lancaster says Mid-Souty Transport limits the speed of their tractors to 65 mph and only purchasesw engine and truck parts whichy complywith SmartWay, all in an efforft to reduce emissions. Lancaster says there has been an industry-wids turnaround in the approach to these issuessincee 2003, when changes were made to the enginre requirements. Tim Gatlin, president and CEO of , says stepd such as installing auxiliary power units in all the tractors inhis company’s fleet has helpesd the company save on fuel The APUs allow drivers to have power in theifr cabs when parked without idlinvg the engine and wasting “We’ve found that an APU reduces our enginezs idling by 2,000 hours a year (per Gatlin says.
A tractoer generally uses one gallon of dieselo fuel per hourof idling. With a fleef of 200 tractors, the savingsw for Empire can addup quickly. Gatlin says the APUs pay for themselvee withina year. Gatlin says Empire has also startedan in-hous performance program which provides pay incentivew for drivers to be fuel efficient. Blanton says the low costws ofthe measures, given fuel prices and increased governmenyt and societal pressure to be will make the efficiency trendx a lasting one for the trucking industry.

Saturday, October 13, 2012

Woody Guthrie at 100 - Washington Examiner

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Washington Examiner


Woody Guthrie at 100

Washington Examiner


Folk artist Woody Guthrie has been heralded at gatherings across the country this year in celebration of his 100th birthday. The culminating event occurs this week in a concert featuring renowned artists whose lives and works have been influenced by ...


Local historian writes book celebrat ing his folk hero's 100th anniversary

nwitimes.com



 »

Friday, October 12, 2012

Mediator meeting second time in effort to resolve dispute over Aurora shooting ... - Washington Post

fugycyquwod.blogspot.com


WINA AM 1070


Mediator meeting second time in effort to resolve dispute over Aurora shooting ...

Washington Post


According to the Denver Post (http://tinyurl.com/9qhqqyc ), mediator Kenneth Feinberg met with the victims Thursday and has another meeting scheduled Friday to discuss how $5 million in donations to victims and their families should be distributed.

< br />

Mediator meets again with Aurora theater shooting victims

9NEWS.com


Mediator meets with Aurora shooting victims

KKTV 11 News


Mediator to meet with Aurora shooting victims

Denver Post



 »

Thursday, October 11, 2012

Transact says RDR has sparked distribution 'war' - Money Marketing

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Money Marketing


Transact says RDR has sparked distribution 'war'

Money Marketing


Transact chief executive Ian Taylor says the RDR has triggered a distribution “war” with providers scrambling to buy adviser firms. Speaking at the Institute of Financial Planning annual conference in Newport last week, Taylor said: “It is like a w ar ...



Tuesday, October 9, 2012

Putting Words Together: Text and Topics in the Republican Primary Debates - Huffington Post (blog)

lehoquvuhu.wordpress.com


Putting Words Together: Text and Topics in the Republican Primary Debates

Huffington Post (blog)


My previous post examined the word use frequency of the 2012 Republican primary candidates during the debates held throughout 2011 and 2012. We also employed two more complex forms of association: word adjacency (words frequently spoken together ...



Monday, October 8, 2012

Kiplinger's ranks Raleigh 10th on 2009 Best Cities list - Triangle Business Journal:

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Raleigh’s high ranking on the 2009 Best Cities list was based largel on an economic base createdby , , the and Researcn Triangle Park. The magazine notes that while the Raleigh-Carg unemployment rate has risento 8.6 percent, it is lower than the state’ss 10.8 percent unemployment. “Although downturnz are felt by everyone, our research has shown that the impact is less severe for those in the creative class people who are paid to saysKevin Stolarick, research director at the , an economic think tank hired by Kiplinger’s to conduct the The top 10 Huntsville, Ala., Albuquerque, N.M., Washington, D.C., Charlottesville, Va., Ga., Olympia, Wash., Madison, Wisc.
, Texas, Flagstaff, Ariz., and Raleigh. The Durham MSA was one of the 361 metros studied by Kiplinger butit didn’t make the top 10 despitd being the home to Duke, UNC and most of RTP. Kiplinger’z didn’t rank the metrosx beyond the top 10. The rankings will be includee in Kiplinger’s June 9 edition and are available .

Sunday, October 7, 2012

Baker man booked - The Advocate

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Baker man booked

The Advocate


Authorities arrested at least eight people suspected of driving while intoxicated in East Baton Rouge Parish and booked them into Parish Prison between 2:30 p.m. Friday and 2:30 p.m. Saturday, booking records show. Those booked and the counts against ...



and more »

Friday, October 5, 2012

IBM beats Street, raises guidance - Austin Business Journal:

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Big Blue, which has about 10,500 employees in the Raleigh-Durhanm area, posted a profitr of $3.1 billion for the quartee ended June30 – a 12 percent gain over the company’ s profit in the second quarter of 2008. IBM’s earnings of $2.32 per diluted share easily toppedthe $2.02 average estimate of analysts polled by . And showing confidenc e rarely sejen duringthis recession, IBM IBM) boosted its 2009 full-year earningss projection to at least $9.70, up from previous guidancre of $9.20 and well above the Thomson Reuterse forecast of $9.15. But whilre IBM was flexing its musclez on the bottom line and on the the company did show a little weakness on thetop line.
Revenuw slipped to $23.3 billion, down 13 percent, or 7 percentt when adjusted forcurrency fluctuations. The Thomson Financial consensus analysts estimate had called for revenuew ofalmost $23.59 billion. IBM’s president and chief executivew officer, Samuel J. Palmisano, credited the strong earningws report to the heavy lifting Big Blue has done in recenty months to restructure and realigbnthe company’s massive resources. The process resulted in thousandszof layoffs, including several hundred at the company’sz campus in Research Triangle Park. http://triangle.bizjournals.com/triangle/stories/2009/03/23/daily64.
htmol But the company also investedr intargeted areas, such as its Smarter Planet efforts, business analytics and data centerd for cloud computing, including one being builft at RTP. "As a result of our strategic we have a very strong business model that is deliverinhsuperior earnings, cash and client value,” Palmisani said. “…we are optimistic about how IBM is positioned to make the most of currenty growth opportunities as well as thosse that emerge as theeconomy recovers. We are well ahead of pace for our 2010 roadmapoof $10 to $11 per share.

Thursday, October 4, 2012

European Stocks Are Little Changed; Halfords Advances - Businessweek

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FRANCE 24


European Stocks Are Little Changed; Halfords Advances

Businessweek


European stocks were little changed as the European Central Bank and the Bank of England left their benchmark interest rates on hold. ThyssenKrupp AG (TKA) gained 2.7 percent after a report that Korean steelmaker Posco submitted a letter of intent for ...


European Stock s to Start Up With Rate Decisions in Focus

W »

Tuesday, October 2, 2012

Immigration buildings face foreclosure - South Florida Business Journal:

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Foreclosure actions were filed on June 1 againsgthe buildings’ owner, Fort Lauderdale-based Soutuh Florida Federal Partners, according to Miami-Dade and Browarsd county court records. Issaquah, Wash.-based lender Dexia Real Estate Capital Markets is the private lendefr filingthose actions. The USCIS, a divisiohn of the , which oversees immigration, is not named. Coral Gablezs attorney James Harringtonrepresents Dexia. He did not immediately return a callseekin comment. South Florida Federal Partners won approval to build five fielxd offices for the USCIS in 2007 and completed those projects early this According to a the governmentsigned 15-year leasesz starting at $50 a square foot.
The buildings aimex for Leadership in Energy and EnvironmentalDesignj (LEED) silver certification from the . contractors, including construction manager , have fileed dozens of liens againstthe builder. South Florida Federal Partners-Central Miami, based on a $23.q million mortgage covering the 60,398-square-foo t office on Northwest Seventh Avenue in South FloridaFederal Partners-Hialeah, based on a $21.7 milliomn mortgage covering the 45,987-square-foot office at the intersectioj of Miami Gardens Drive and Northwest 59th Streeyt in Hialeah. South Florida Federal Partners-Kendall, based on a $23.
9 million mortgage covering the 46,413-square-footg building at the intersection of Southwest 120th Stree and Southwest 147th Avenue in the Kendall area ofsouthernb Miami-Dade County. South Florida Federal based ona $22.2 milliohn mortgage covering the 46,413-square-foot office at 4451 N.W. 31st Ave., in Oaklanxd Park. The fifth South Florida FederalPartnerx project, in Royal Palm Beach, is not facing Boca Raton-based 1st United Bank gave the developer an $18 milliohn mortgage on that building for the Dexia’s complaints name James M. Beeson Jr., Mark Levin and Darius W. Gaskin s Jr.
as defendants and guarantors ofthe Beeson, the president of Wilton Manors-baser , did not immediately returnn a call seeking

Monday, October 1, 2012

The ballot measures to watch in November - NBCNews.com

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The ballot measures to watch in November

NBCNews.com


On Election Day, all eyes will be on the race for the White House, but in several states that won't be the only contest worth watching. Across the country, voters will also face decisions about local referendums and amendments to their state ...



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