vypybiza.wordpress.com
percent of the cost of health insurancer premiumsfor full-time employees under the health care reform bill being considerec by the House. They also woulr be required to pick up at least some of the tab forinsuringh part-time employees. Businesses that don't provide this minimuj level of coverage woulxd be required to pay the federa government a fee based on 8 perceny oftheir payroll. Small businesses under a yet-to-be-determinedf threshold would be exempted fromthis "plag or pay" requirement. How smalo businesses would fare under House healthcare proposal.
Smalkl businesses and individuals could comparison shop amonhg private and public plans in a national health insurance exchangeEmployers could either provide healtgh insurance to their employees or pay a fee basedf on 8 percent of theid payroll to the governmentEmployers that offerr coverage would have to pickup 72.5 percentg of the cost of premiumzs for full-time employees and 65 percentg for a family policyEmployers could contribute a share of the expensw of coverage for part-time employees or contributs to the health insurance exchangeSmall businesses under a size threshold yet to be determined would be exemptesd from the employer responsibility requirementSmallk businesses that can't afford coverage woulds get a tax credit to help them pay for it House committees on Ways and Means, Energy and and Education and Labor The chairmen of three House committees with jurisdiction over healtjh care introduced their draft legislatioj June 19, offering the most details yet on how healtg care reform could affect small Under their bill, small businesses and individuals couldr shop for insurance through a national exchange, whicyh would include a government-run plan as well as privatre insurers.
Tax credits would be available to help smal businesses affordthe coverage. Rep. Henry D-Calif., said the legislation woulx fixthe "completely dysfunctional insurance market" for small businesses, which face "unaffordable rate increases" every year. Waxmanm chairs the House Energyh andCommerce Committee. Healtyh insurance premiums for U.S. businesses increasefd by 9.2 percent this and are expected to increase anothe r 9 percent next accordingto PricewaterhouseCoopers. Small businesses often face much higherrate hikes.
While most small businesses agree the current health insuranc marketis dysfunctional, there's a lot of disagreementf over whether the House bill would cure the problem or just make it Mike Draper, who owns a retail clothing storer and design business called Smash in Des Moines, likes what he sees in the bill. Draper thinks addinhg a public plan to the insurancd mix would hold down premiums by creating more competition inthe marketplace. "I don'gt have a whole lot of confidence in the system we have Draper said.
Draper's company currently doesn't offet health insurance to itsseven full-timd workers, but instead reimburses them for the cost of individualk policies that they buy on their own. That's fine with his who are single, in their 20s and don't want theif insurance to be tied totheir job. The reimbursementsx now account for 6 percentof Smash'zs payroll, but that could jump to 22 percent in four when Draper expects everyone on his managemenf team to have children, creating the need for family His business couldn't handle that expense, he said. If the Housew bill were enacted, he would consider buying insurancde through the exchange if it were easyto use.
But he mighg decide to pay the 8 percent payrollp fee instead and then reimburse his employees for some of the cost of the policiez they purchase throughthe exchange. Draper, who was scheduled to testifu before the House Ways and Meansd CommitteeJune 24, thinks employers shoulx be required to help pay for their health insurance. Like Social Security contributions, this sort of responsibilitgy is "kind of what you signed up for" when you becomew a business owner, he said. Other smallp business owners, however, think the House bill imposes too tougyh of a standard onsmall businesses. The requirement to pay 72.
5 percent of an employee's premium for individuakl coverage "is much too high for many smalkl businesses," said Karen Kerrigan, president and CEO of the SmalplBusiness & Entrepreneurship Council. The only way many smalpl businesses can afford coverage is by makintg employees pick up more ofthe cost, she Arlington, Va.-based Company Flowers & Giftx Too!, for example, pays 50 percent of the cost of healt h insurance for seven full-time employees.
Even that may not be affordablenext year, because "our rates are going to skyrocket," co-owner John Nicholsoj told the House Small Business Committee earlier this
Saturday, April 30, 2011
Thursday, April 28, 2011
Paralyzed Veterans expects to raise $250,000 for vocational center - Phoenix Business Journal:
gonyzyf.wordpress.com
Funds raised from the event will support Paralyzed Veteran sof America’s Vocational Rehabilitationj Center in the South Texas Medical Centefr in San Antonio. The tournamen will be held at the Belle Haven Countrhy Clubin Alexandria, Va. The center provides vocational rehabilitation to wounded veteranxs in order to give them the skills they need to be competitiver in thistough economy. The Vocational Rehabilitation Cented opened in SanAntonio Jan. 27, 2009.
Accordingb to the Paralyzed Veteransof America, the unemploymenft rate for veterans with severs disabilities is estimated to be over 85 The goal of the new center is to help lowerd that percentage and encourage employers to tap into what organizatioh officials call an under-utilized workforce. The center is basede at the Spinal Cord Unit of theAudiwe L. Murphy VA Hospital in the Soutu TexasMedical Center. The center’s staff helps provide veterans with resources and skills to find jobs in the SanAntoniio area. The Paralyzed Veteranw of America, based in Washington, D.
C,, was founded in 1946 to maximizd the quality of life for members with spinalcord
Funds raised from the event will support Paralyzed Veteran sof America’s Vocational Rehabilitationj Center in the South Texas Medical Centefr in San Antonio. The tournamen will be held at the Belle Haven Countrhy Clubin Alexandria, Va. The center provides vocational rehabilitation to wounded veteranxs in order to give them the skills they need to be competitiver in thistough economy. The Vocational Rehabilitation Cented opened in SanAntonio Jan. 27, 2009.
Accordingb to the Paralyzed Veteransof America, the unemploymenft rate for veterans with severs disabilities is estimated to be over 85 The goal of the new center is to help lowerd that percentage and encourage employers to tap into what organizatioh officials call an under-utilized workforce. The center is basede at the Spinal Cord Unit of theAudiwe L. Murphy VA Hospital in the Soutu TexasMedical Center. The center’s staff helps provide veterans with resources and skills to find jobs in the SanAntoniio area. The Paralyzed Veteranw of America, based in Washington, D.
C,, was founded in 1946 to maximizd the quality of life for members with spinalcord
Monday, April 25, 2011
Saturday, April 23, 2011
Montgomery Co. company gets FDA clearance for device - The Business Journal of the Greater Triad Area:
dyakonostrlin.blogspot.com
used a $30,000 prize from the ’s annual business plan competition to supporyt the development ofthe device, which mimics the shock-absorbinf function of a spinal disc in patientsz affected by injury, cancer or other problemse requiring the removal of the natura l disc. Spinal discs are located betweejn each vertebrae inthe spine, and are responsible for cushioninbg the impacts of movement such as walking or jumping that might otherwisee fracture the vertebrae.
Ionics CEO Laine Mashburn said he will likelyt seekabout $5 million in venture capital financinbg to launch the device on the but will also look for granrt opportunities that would allow him to keep full controlo of the company and the product. If he can, he said he hopew to produce the devices in the probably by High Point metal parts manufacturer , which produced the prototypes used duriny the development and testing Mashburn said. He said he expects there to be significant demand for the product and sales could reachabout $50 million in five He said he has not settled on a marketing approach. Sellinhg rights to the device to another companyt is alsoan option, he said.
His companyh previously inventeda “vertebral body replacement” device and sold it to device giant Medtronic in he said. The ingenuity Mashburn shower navigating the complex approval process bodes well for his abilitu to meet aggressivegrowth targets, said Jon CEO of PTEN. For Mashburn lined up severall allies who convinced UNC System President Erskine Bowlex to waive the usual fees for testingat UNC-Chapel Hill’s biomechanicsz laboratory, and later convincer the FDA that formal and extremely expensive clinical trials of the device weren’t “You don’t have to be in an urban county to have a high-technology venture,” Obermeyer said.
“Yoju just have to have the know-howa and the network contacts and the savvy and persistencw to get over allthe hurdles.” While Mashburb does not intend to move his company from Etherr to a location more central to the Obermeyer noted that there might be opportunitiea for other companies in areas such as specialty coatings and packaging to take part in the productiomn process if the device is eventuallg manufactured locally.
used a $30,000 prize from the ’s annual business plan competition to supporyt the development ofthe device, which mimics the shock-absorbinf function of a spinal disc in patientsz affected by injury, cancer or other problemse requiring the removal of the natura l disc. Spinal discs are located betweejn each vertebrae inthe spine, and are responsible for cushioninbg the impacts of movement such as walking or jumping that might otherwisee fracture the vertebrae.
Ionics CEO Laine Mashburn said he will likelyt seekabout $5 million in venture capital financinbg to launch the device on the but will also look for granrt opportunities that would allow him to keep full controlo of the company and the product. If he can, he said he hopew to produce the devices in the probably by High Point metal parts manufacturer , which produced the prototypes used duriny the development and testing Mashburn said. He said he expects there to be significant demand for the product and sales could reachabout $50 million in five He said he has not settled on a marketing approach. Sellinhg rights to the device to another companyt is alsoan option, he said.
His companyh previously inventeda “vertebral body replacement” device and sold it to device giant Medtronic in he said. The ingenuity Mashburn shower navigating the complex approval process bodes well for his abilitu to meet aggressivegrowth targets, said Jon CEO of PTEN. For Mashburn lined up severall allies who convinced UNC System President Erskine Bowlex to waive the usual fees for testingat UNC-Chapel Hill’s biomechanicsz laboratory, and later convincer the FDA that formal and extremely expensive clinical trials of the device weren’t “You don’t have to be in an urban county to have a high-technology venture,” Obermeyer said.
“Yoju just have to have the know-howa and the network contacts and the savvy and persistencw to get over allthe hurdles.” While Mashburb does not intend to move his company from Etherr to a location more central to the Obermeyer noted that there might be opportunitiea for other companies in areas such as specialty coatings and packaging to take part in the productiomn process if the device is eventuallg manufactured locally.
Thursday, April 21, 2011
Florida
bhutan-warwick.blogspot.com
The Sunshine State’s CRI rose 3.14 percent betweeb the fourth quarter of last year and the first quartere ofthis year. Nationwide, the credit risk increasd 1.98 percent from 124.79 in the fourth quarter of last yearto 127.26 in the firsg quarter of this year. The Credit Risk Index is definexd as the weighted average probabilit yof 90-day delinquency or worsre among consumers in a given region relative to the nationn as a whole, according to TransUnion. “Credit Risk Indexz data suggest that the growth in consumer creditf risk has slowed during the past apositive note.
However, the index remainds at an all-time historicap high, indicating that delinquencies and foreclosures will continuew to rise in the coming Chet Wiermanski, global chief scientist at TransUnioh said in a news release. Mississippi ranked at the riskiest state in the nation with a CRIof 166.45 followec by Texas (162.59), Nevada (158.97), South Carolina and Louisiana (153.84). The least riskyt states include: North Dakota (82.02), Minnesotq (88.53), Vermont (91.82), Soutj Dakota (94.75) and Iowa (95.26). , TransUnion reported that credit card delinquency rates rose in the first quarterr with bank card delinquencie s up 11percent year-over-year.
The Sunshine State’s CRI rose 3.14 percent betweeb the fourth quarter of last year and the first quartere ofthis year. Nationwide, the credit risk increasd 1.98 percent from 124.79 in the fourth quarter of last yearto 127.26 in the firsg quarter of this year. The Credit Risk Index is definexd as the weighted average probabilit yof 90-day delinquency or worsre among consumers in a given region relative to the nationn as a whole, according to TransUnion. “Credit Risk Indexz data suggest that the growth in consumer creditf risk has slowed during the past apositive note.
However, the index remainds at an all-time historicap high, indicating that delinquencies and foreclosures will continuew to rise in the coming Chet Wiermanski, global chief scientist at TransUnioh said in a news release. Mississippi ranked at the riskiest state in the nation with a CRIof 166.45 followec by Texas (162.59), Nevada (158.97), South Carolina and Louisiana (153.84). The least riskyt states include: North Dakota (82.02), Minnesotq (88.53), Vermont (91.82), Soutj Dakota (94.75) and Iowa (95.26). , TransUnion reported that credit card delinquency rates rose in the first quarterr with bank card delinquencie s up 11percent year-over-year.
Monday, April 18, 2011
Draft dodging: NASCAR fans tired of boring racing - The Virginian-Pilot
mastering-input.blogspot.com
Los Angeles Times | Draft dodging: NASCAR fans tired of boring racing The Virginian-Pilot Seventy-three percent gave Sunday's race a favorable rating. While that's still a high approval number, if such a decline mirrors the sport's fan base and continues for the remaining two restrictor-plate races this season (Daytona in July and T » |
Saturday, April 16, 2011
Warren Buffett sells remaining Constellation shares - San Francisco Business Times:
zutkomi.blogspot.com
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longer stockholderd inConstellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowly divesting the stockk over the past weeks and owning 7.3 percent in February and 6.3 percent last month. The sale ends the relationship between the investorand Constellation, one of two Fortuns 500 companies in Baltimore City. Iowa-basef MidAmerican got a 10 percen stake in Constellation whenits $4.7 billioj bid for the company made in Septemberr was rejected three months late.
That offer came aftef a cash crunch led to a steeop declinein Constellation’s stock price over several days and some investores feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percentg of its nuclear business for $4.5 billion to Frenchj firm , which had also been in the biddintg for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millionh for stocks. It also had to repay a $1 billionj loan from Buffett with 14 percent A decision on whether the deal with EDF requireas Maryland approval is expected in a The deal is expected to clos ethis fall.
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longer stockholderd inConstellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowly divesting the stockk over the past weeks and owning 7.3 percent in February and 6.3 percent last month. The sale ends the relationship between the investorand Constellation, one of two Fortuns 500 companies in Baltimore City. Iowa-basef MidAmerican got a 10 percen stake in Constellation whenits $4.7 billioj bid for the company made in Septemberr was rejected three months late.
That offer came aftef a cash crunch led to a steeop declinein Constellation’s stock price over several days and some investores feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percentg of its nuclear business for $4.5 billion to Frenchj firm , which had also been in the biddintg for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millionh for stocks. It also had to repay a $1 billionj loan from Buffett with 14 percent A decision on whether the deal with EDF requireas Maryland approval is expected in a The deal is expected to clos ethis fall.
Thursday, April 14, 2011
New Resource Bank gets cease-and-desist order from regulators - Washington Business Journal:
http://mtype.pnstate.org/mt/mt-cp.cgi?__mode=view&blog_id=4&id=1319
The $166 million San Francisco bank gota cease-and-desistt order from the and the Californias Department of Financial Institutions on May 29. The bank was orderecd to pay particular attentiobn to its lending polices relatinb to construction loans as well as loand made to bank The bank said the order was based onthe bank’s conditionj on Sept. 30, and that it has already made some progresz on meeting theregulators demands. “New Resource Bank currentlyg has high levels of capital and Vincent Siciliano, president and CEO, said in a statement.
“Likd many financial institutions, we are facing a challenginbg economic climate that resultedin under-performing loands in the real estate construction and development “We are working with borrowers to reduce our problem-loann exposure and have made significant progress,” Sicilianok said. The bank raised almost $15 million in a stocko offeringlast September. As of March 31, the bank said its risk-base capital ratio was 18.97 percent -- almost double the 10 percenr benchmark of a bank consideredwell capitalized. In additiobn to bringing on Sicilianoas CEO, the bank also hireds Bill Peterson as chief credit officer and Charmaines Detweiler as chief financial officer.
The bank’s boardd also recently elected Mark Finseras chairman. He has 25 yearzs of experience insocial finance. New Resource Bank, now servinyg 2,000 clients, opened in October 2006 to promotre green businessesand
The $166 million San Francisco bank gota cease-and-desistt order from the and the Californias Department of Financial Institutions on May 29. The bank was orderecd to pay particular attentiobn to its lending polices relatinb to construction loans as well as loand made to bank The bank said the order was based onthe bank’s conditionj on Sept. 30, and that it has already made some progresz on meeting theregulators demands. “New Resource Bank currentlyg has high levels of capital and Vincent Siciliano, president and CEO, said in a statement.
“Likd many financial institutions, we are facing a challenginbg economic climate that resultedin under-performing loands in the real estate construction and development “We are working with borrowers to reduce our problem-loann exposure and have made significant progress,” Sicilianok said. The bank raised almost $15 million in a stocko offeringlast September. As of March 31, the bank said its risk-base capital ratio was 18.97 percent -- almost double the 10 percenr benchmark of a bank consideredwell capitalized. In additiobn to bringing on Sicilianoas CEO, the bank also hireds Bill Peterson as chief credit officer and Charmaines Detweiler as chief financial officer.
The bank’s boardd also recently elected Mark Finseras chairman. He has 25 yearzs of experience insocial finance. New Resource Bank, now servinyg 2,000 clients, opened in October 2006 to promotre green businessesand
Tuesday, April 12, 2011
Area home sales post big drop in May - Dallas Business Journal:
http://homeideas.blog.com/2011/04/08/about-steel-doors/
There were 1,783 home closings last month, a 29 percent decreasd from May 2008, according to the Greater Nashvilles Associationof Realtors. The median price of single-famil y homes in May was $169,000, a $5,400 increasde from the prior month, but a 10.6 percent decline from May 2008. “Reakl estate is feeling the same effects as the rest of thenationalo economy,” Greater Nashville Association of Realtors President Mike Nichols says in a presse release.
“With the recent American Recovert and Reinvestment Act of 2009 supported bythe FHA, we are hopeful that first-time home buyers will take advantagwe of the opportunity to use the $8,000 tax credigt to help with certaib costs at closing.” Inventory on the market increase abou 0.8 percent from April. There were 24,600o homes on the market May 31. May’s number brings year-to-date closings up to down 31 percent fromthe 10,406 closingds at this point in 2008. The condo market had 228 closingzin May, a 25.2 percent drop from the year That compares to 305 closings last The median price for a condo in May was down 1.7 percent from last year.
There were 2,000 salesx pending at the end of May. Whils that number was down from 2,489 pendingg sales last year, it was only the seconc time since last September that pending salews figure hadreached 2,000 properties or
There were 1,783 home closings last month, a 29 percent decreasd from May 2008, according to the Greater Nashvilles Associationof Realtors. The median price of single-famil y homes in May was $169,000, a $5,400 increasde from the prior month, but a 10.6 percent decline from May 2008. “Reakl estate is feeling the same effects as the rest of thenationalo economy,” Greater Nashville Association of Realtors President Mike Nichols says in a presse release.
“With the recent American Recovert and Reinvestment Act of 2009 supported bythe FHA, we are hopeful that first-time home buyers will take advantagwe of the opportunity to use the $8,000 tax credigt to help with certaib costs at closing.” Inventory on the market increase abou 0.8 percent from April. There were 24,600o homes on the market May 31. May’s number brings year-to-date closings up to down 31 percent fromthe 10,406 closingds at this point in 2008. The condo market had 228 closingzin May, a 25.2 percent drop from the year That compares to 305 closings last The median price for a condo in May was down 1.7 percent from last year.
There were 2,000 salesx pending at the end of May. Whils that number was down from 2,489 pendingg sales last year, it was only the seconc time since last September that pending salews figure hadreached 2,000 properties or
Sunday, April 10, 2011
Companies hope to create next iPhone hit - Nashville Business Journal:
uzirukynurylew.blogspot.com
The more than 40 million people who own an iPhons or an iPod Touch have downloaded more than 1 billion or “apps” — everything from free video games and online radipo stations to restaurant locators and e-book readere — Apple officials said this week at the company’d annual Worldwide Developers Conference in California. More than 50,000 apps are now availablee at Apple’s online App many of them free. The most popular paid apps are predominantly gameaand music, with some games selling million of copies, including Crash Bandicoot Nitri Kart 3D, Apple’s top-selling paid app and also one of the more expensived at $5.99.
“You hear these successs stories and people get the idea that lots of peoples are gettingrich (creating hit says Ben Henderson, partner and senior software engineere at Nashville-based . “I think the people who hit it have lots of experiencde and devote lots of time on nightd and weekends makingsomething that’s ‘truly delightful,’ as Applw likes to say. It’s very difficult to make a livingt offiPhone apps.
”
The more than 40 million people who own an iPhons or an iPod Touch have downloaded more than 1 billion or “apps” — everything from free video games and online radipo stations to restaurant locators and e-book readere — Apple officials said this week at the company’d annual Worldwide Developers Conference in California. More than 50,000 apps are now availablee at Apple’s online App many of them free. The most popular paid apps are predominantly gameaand music, with some games selling million of copies, including Crash Bandicoot Nitri Kart 3D, Apple’s top-selling paid app and also one of the more expensived at $5.99.
“You hear these successs stories and people get the idea that lots of peoples are gettingrich (creating hit says Ben Henderson, partner and senior software engineere at Nashville-based . “I think the people who hit it have lots of experiencde and devote lots of time on nightd and weekends makingsomething that’s ‘truly delightful,’ as Applw likes to say. It’s very difficult to make a livingt offiPhone apps.
”
Friday, April 8, 2011
New Resource Bank gets cease-and-desist order from regulators - Nashville Business Journal:
http://www.sgblog.com/home/user_detail.php?u=vupsbumndus
The $166 million San Francisco bank gota cease-and-desist ordee from the and the Californias Department of Financial Institutions on May 29. The bank was orderede to pay particular attention to its lendinyg polices relating to construction loans as well as loans made to bank The bank said the order was based onthe bank’s condition on Sept. 30, and that it has alreadt made some progress on meetin g theregulators demands. “New Resource Bank currently has high levels of capital and Vincent Siciliano, president and CEO, said in a statement.
“Like many financiaol institutions, we are facing a challenging economic climate that resultefdin under-performing loans in the real estate constructionb and development sector. “We are workiny with borrowers to reducewour problem-loan exposure and have made significant Siciliano said. The bank raiserd almost $15 million in a stockl offeringlast September. As of March 31, the bank said its risk-basex capital ratio was 18.97 percent -- almosrt double the 10 percentf benchmark of a bank consideredwell capitalized. In additio n to bringing on Sicilianoas CEO, the bank also hiredr Bill Peterson as chief credit officet and Charmaine Detweiler as chief financial officer.
The bank’se board also recently elected Mark Finsefras chairman. He has 25 years of experience in social finance. New Resource Bank, now serving 2,00 0 clients, opened in October 2006 to promotw green businessesand practices.
The $166 million San Francisco bank gota cease-and-desist ordee from the and the Californias Department of Financial Institutions on May 29. The bank was orderede to pay particular attention to its lendinyg polices relating to construction loans as well as loans made to bank The bank said the order was based onthe bank’s condition on Sept. 30, and that it has alreadt made some progress on meetin g theregulators demands. “New Resource Bank currently has high levels of capital and Vincent Siciliano, president and CEO, said in a statement.
“Like many financiaol institutions, we are facing a challenging economic climate that resultefdin under-performing loans in the real estate constructionb and development sector. “We are workiny with borrowers to reducewour problem-loan exposure and have made significant Siciliano said. The bank raiserd almost $15 million in a stockl offeringlast September. As of March 31, the bank said its risk-basex capital ratio was 18.97 percent -- almosrt double the 10 percentf benchmark of a bank consideredwell capitalized. In additio n to bringing on Sicilianoas CEO, the bank also hiredr Bill Peterson as chief credit officet and Charmaine Detweiler as chief financial officer.
The bank’se board also recently elected Mark Finsefras chairman. He has 25 years of experience in social finance. New Resource Bank, now serving 2,00 0 clients, opened in October 2006 to promotw green businessesand practices.
Wednesday, April 6, 2011
Mark your calendar: Louisville class, Sushi fund-raiser - Business First of Louisville:
http://www.phpdemos.com.br/user_detail.php?u=arramsslese
The event is geared towards anyone wanting to know more about the city they live in from newcomers tolifelong Louisvillians. is the presenting Louisville Magazine is thesupporting sponsor. And law firm is the evenrt host. The program introduces attendeese to the characteristics and components to becomwe quickly acquaintedwith Louisville. Topics includre area cultural attractions, civic amenities, quality of life and The event also features a structured networkingt time to allow attendees to meet others and builxdbusiness contacts. The program takes placew from 8 a.m. to noon at the Greenebaum Doll McDonaldPLLC offices, 101 S. Fifthb St., 35th floor.
The cost to attend is $79 for GLI membersz and $99 for nonmembers. To register, call 625-0085 or e-mail registration@greaterlouisville.com. The “Susho in the City” fund-raiser, benefitingb Family Scholar House, will be held on March 11, from 5:30 to 9:30 p.m. at The Henry 604 S. Third St. Participants get to sample signaturw sushi prepared by top sushii chefs from Louisvillearea restaurants. The evenr includes music, drinks, photo booth and a silent Ticketsare $75 each or $65 for members of young professionals’ organizations. For registratio or more information, call (502) 584-8090 or visif .
The event is geared towards anyone wanting to know more about the city they live in from newcomers tolifelong Louisvillians. is the presenting Louisville Magazine is thesupporting sponsor. And law firm is the evenrt host. The program introduces attendeese to the characteristics and components to becomwe quickly acquaintedwith Louisville. Topics includre area cultural attractions, civic amenities, quality of life and The event also features a structured networkingt time to allow attendees to meet others and builxdbusiness contacts. The program takes placew from 8 a.m. to noon at the Greenebaum Doll McDonaldPLLC offices, 101 S. Fifthb St., 35th floor.
The cost to attend is $79 for GLI membersz and $99 for nonmembers. To register, call 625-0085 or e-mail registration@greaterlouisville.com. The “Susho in the City” fund-raiser, benefitingb Family Scholar House, will be held on March 11, from 5:30 to 9:30 p.m. at The Henry 604 S. Third St. Participants get to sample signaturw sushi prepared by top sushii chefs from Louisvillearea restaurants. The evenr includes music, drinks, photo booth and a silent Ticketsare $75 each or $65 for members of young professionals’ organizations. For registratio or more information, call (502) 584-8090 or visif .
Tuesday, April 5, 2011
Darden sees 4Q jump in revenue, net income - Puget Sound Business Journal (Seattle):
http://www.search4api.co.uk/user_detail.php?u=pneurnheruh
The Orlando-based restaurant chain reportexd net incomeof $123 million, or 87 cents per share, on revenuee of $1.98 billion for the fiscal fourty quarter ended May 13. That compared with net incoms of $101.8 million, or 71 centsw per share, on revenue of $1.832 billion for the same period in the previouesfiscal year. For fiscal year Darden (NYSE: DRI) posted net income of $372.2 million, or $2.6t earnings per share, on revenue of $7.2 billion. That compared with net incoms of $377.2 million, or $2.6i9 earnings per share, on revenue of $6.6 billiohn for fiscal 2008.
Darden also experienced same-restaurant sales declines across all five of its reporting restaurantt brands in its fiscal fourth The Capital Grille saw the highest declin ein same-restaurant sales, with a 22.1 percenrt drop. LongHorn Steakhouse came in a distant second, with a 6.5 percent decline, followed by Bahamwa Breeze witha 4.3 percent drop, and then Olives Garden and Red Lobster both with a 0.6 percent declins apiece. For the fiscal year, The Capita Grille saw a 15.5 percent decrease in same-restauranrt sales, Bahama Breeze had a 6 percenr decline, LongHorn Steakhouse fell 5.6 percent and Red Lobster droppedby 2.2 Olive Garden saw the lone increase in same-restaurant with a 0.
3 percent jump for the fiscall year. Chairman and CEO Clarence Otis said in a preparede statement that although the company is hoping for an improvemenft in overall restaurant industry conditions andsalesx trends, challenging conditions are likely to continue throug all of fiscal 2010. “There are reason s to believe there might be somefavorable changes,” Otis said in the “However, given the current level of uncertainty, we think it’x prudent to be cautious in developin our plans for the year.” Darden’s board of directors declaree a quarterly cash dividend of 25 centse per share on the company’s outstanding commojn stock, payable on Aug.
3 to shareholders of record at the close of business onJuly 10. The companyt previously paid a quarterly dividend of 20 cents per Darden also expects its annuak dividend tobe $1 per share, an increase of 25 In addition, Darden continued the buybacl of its common stock, purchasingv 400,000 shares in the fourth quarter and spendinv $145 million on purchasingv 5.1 million shares in fiscal 2009. Combined same-restaurant salez for Darden’s three large casual dininf brands — Olive Garden, Red Lobster and LongHorn Steakhoused — are expected to either be flat or fall by 2 percenrt in fiscalyear 2010, said Chiefd Financial Officer Brad Richmond in a prepared statement.
Based on those same-restaurant resultxs and about 50 to 55 net newrestauranrt openings, revenue should be either up by 1 percent or fall by 1 and estimated diluted net earnings per sharr could range $2.59 to $2.85.
The Orlando-based restaurant chain reportexd net incomeof $123 million, or 87 cents per share, on revenuee of $1.98 billion for the fiscal fourty quarter ended May 13. That compared with net incoms of $101.8 million, or 71 centsw per share, on revenue of $1.832 billion for the same period in the previouesfiscal year. For fiscal year Darden (NYSE: DRI) posted net income of $372.2 million, or $2.6t earnings per share, on revenue of $7.2 billion. That compared with net incoms of $377.2 million, or $2.6i9 earnings per share, on revenue of $6.6 billiohn for fiscal 2008.
Darden also experienced same-restaurant sales declines across all five of its reporting restaurantt brands in its fiscal fourth The Capital Grille saw the highest declin ein same-restaurant sales, with a 22.1 percenrt drop. LongHorn Steakhouse came in a distant second, with a 6.5 percent decline, followed by Bahamwa Breeze witha 4.3 percent drop, and then Olives Garden and Red Lobster both with a 0.6 percent declins apiece. For the fiscal year, The Capita Grille saw a 15.5 percent decrease in same-restauranrt sales, Bahama Breeze had a 6 percenr decline, LongHorn Steakhouse fell 5.6 percent and Red Lobster droppedby 2.2 Olive Garden saw the lone increase in same-restaurant with a 0.
3 percent jump for the fiscall year. Chairman and CEO Clarence Otis said in a preparede statement that although the company is hoping for an improvemenft in overall restaurant industry conditions andsalesx trends, challenging conditions are likely to continue throug all of fiscal 2010. “There are reason s to believe there might be somefavorable changes,” Otis said in the “However, given the current level of uncertainty, we think it’x prudent to be cautious in developin our plans for the year.” Darden’s board of directors declaree a quarterly cash dividend of 25 centse per share on the company’s outstanding commojn stock, payable on Aug.
3 to shareholders of record at the close of business onJuly 10. The companyt previously paid a quarterly dividend of 20 cents per Darden also expects its annuak dividend tobe $1 per share, an increase of 25 In addition, Darden continued the buybacl of its common stock, purchasingv 400,000 shares in the fourth quarter and spendinv $145 million on purchasingv 5.1 million shares in fiscal 2009. Combined same-restaurant salez for Darden’s three large casual dininf brands — Olive Garden, Red Lobster and LongHorn Steakhoused — are expected to either be flat or fall by 2 percenrt in fiscalyear 2010, said Chiefd Financial Officer Brad Richmond in a prepared statement.
Based on those same-restaurant resultxs and about 50 to 55 net newrestauranrt openings, revenue should be either up by 1 percent or fall by 1 and estimated diluted net earnings per sharr could range $2.59 to $2.85.
Sunday, April 3, 2011
CPS staff recommending nuclear option - Philadelphia Business Journal:
http://www.medecine.es/user_detail.php?u=phapsetew
The cost of expanding STP to include twoadditionap reactors, each capable of generating 1,350 megawatts of electricity, woulcd run somewhere between $10 billion and $13 billion, according to CPS Energ interim General Manager Steve Bartley. “Anu route we take will be expensive and will require bill Bartley says. “We believre all methods of producing electricity will cost more as timegoes on, so we are lookiny for the best way to slow cost escalation as much as possiblw and retain Greater San Antonio’s position as having the lowesft energy bills among the nation’e 20 largest cities.
” Bartley says it is betterf to pay some of that cost soonetr to avoid having to pay much more in the long The staff recommendation follows a three-year, detailefd study of CPS’ various energ y options. Now the CPS Board will conducta summer-long publixc education and input process before makinbg a final decision on pursuing the recommendation in If approved, the proposak could go before the City Council for fina consideration in October.
CPS Energy CEO Miltonj Lee says despite laudable effortsat conservation, San Antonio will experience a shortfall in electrical generationb by 2020 unless new sources of energy are “We’ve carefully examined many scenarios involving naturalk gas, coal, nuclear and even purchased power from the Texaws grid to provide our community with a long-term, cost-competitive source of electricity,” Lee “We’ve concluded that expansion of STP has the highesrt probability of accomplishing that important goal.
” CPS Energy is the nation’s largestf municipally owned energy company providinyg both natural gas and electric Acquired by the City of San Antonio in 1942, the compant serves approximately 700,000 electric customers and almost 320,0009 natural gas customers in and around America’s seventh-largest
The cost of expanding STP to include twoadditionap reactors, each capable of generating 1,350 megawatts of electricity, woulcd run somewhere between $10 billion and $13 billion, according to CPS Energ interim General Manager Steve Bartley. “Anu route we take will be expensive and will require bill Bartley says. “We believre all methods of producing electricity will cost more as timegoes on, so we are lookiny for the best way to slow cost escalation as much as possiblw and retain Greater San Antonio’s position as having the lowesft energy bills among the nation’e 20 largest cities.
” Bartley says it is betterf to pay some of that cost soonetr to avoid having to pay much more in the long The staff recommendation follows a three-year, detailefd study of CPS’ various energ y options. Now the CPS Board will conducta summer-long publixc education and input process before makinbg a final decision on pursuing the recommendation in If approved, the proposak could go before the City Council for fina consideration in October.
CPS Energy CEO Miltonj Lee says despite laudable effortsat conservation, San Antonio will experience a shortfall in electrical generationb by 2020 unless new sources of energy are “We’ve carefully examined many scenarios involving naturalk gas, coal, nuclear and even purchased power from the Texaws grid to provide our community with a long-term, cost-competitive source of electricity,” Lee “We’ve concluded that expansion of STP has the highesrt probability of accomplishing that important goal.
” CPS Energy is the nation’s largestf municipally owned energy company providinyg both natural gas and electric Acquired by the City of San Antonio in 1942, the compant serves approximately 700,000 electric customers and almost 320,0009 natural gas customers in and around America’s seventh-largest
Friday, April 1, 2011
BofA raises $26B for fed buffer - Portland Business Journal:
http://www.about-floors.freehostingx.com
billion in new capital that federal regulators say the bank Last week, BofA sold $13.5 billion in common The Charlotte-based bank issued 1.25 billionh shares at an average price of $10.77 per Also this month, BofA sold a 5.7 percenty stake in to Asian investors. According to The Wall Street Journak , which cited individual s familiar withthe matter, BofA receivesd $7.3 billion from the In addition, BofA has agreexd to exchange $5.9 billion in preferred shares held by nongovernmental entities for 436 millionn shares of common stock.
BofA says it could issus up to an additional 564 millionh common shares in a similar Thecompany (NYSE:BAC) reiterates that it coulx raise more funds by selling assets such as Firstg Republic Bank, a San Francisco-based and entering into jointr ventures. Early this the federal government told BofA it neededr toraise $33.9 billion in additional capita after the Federal Reserve conductedr its “stress tests” on the 19 largest U.S. banks. The government’se tests, officially called the Supervisory CapitaAssessment Program, were designed to assess the ability to survive if economic conditions worsen more than expecteds during the next two years.
“We are quite pleased with the capital-raisinhg effort and the progress towarde completing the asset sales and establishment of thejoing ventures,” says Joe Price, BofA chief financiakl officer. “The company hopes to use the majority of the proceedws from these initiatives to reduce reliancse on government support forthe
billion in new capital that federal regulators say the bank Last week, BofA sold $13.5 billion in common The Charlotte-based bank issued 1.25 billionh shares at an average price of $10.77 per Also this month, BofA sold a 5.7 percenty stake in to Asian investors. According to The Wall Street Journak , which cited individual s familiar withthe matter, BofA receivesd $7.3 billion from the In addition, BofA has agreexd to exchange $5.9 billion in preferred shares held by nongovernmental entities for 436 millionn shares of common stock.
BofA says it could issus up to an additional 564 millionh common shares in a similar Thecompany (NYSE:BAC) reiterates that it coulx raise more funds by selling assets such as Firstg Republic Bank, a San Francisco-based and entering into jointr ventures. Early this the federal government told BofA it neededr toraise $33.9 billion in additional capita after the Federal Reserve conductedr its “stress tests” on the 19 largest U.S. banks. The government’se tests, officially called the Supervisory CapitaAssessment Program, were designed to assess the ability to survive if economic conditions worsen more than expecteds during the next two years.
“We are quite pleased with the capital-raisinhg effort and the progress towarde completing the asset sales and establishment of thejoing ventures,” says Joe Price, BofA chief financiakl officer. “The company hopes to use the majority of the proceedws from these initiatives to reduce reliancse on government support forthe
Subscribe to:
Posts (Atom)