Monday, May 30, 2011

Fifth Third Processing Solutions Earns Visa(R) Service Quality Award

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Based on exceptional card operations performancwe demonstrated in calendaryear 2008, Fifth Third has been distinguished as best-in-clasa for its Lowest Chargeback-to-Sales Ratio. The Lowest Chargeback-to-Salea Ratio category reflects an acquirer'ws ability to effectively educate its merchant customerson Visa'z acceptance procedures designed to ensure that transactions are properlyg processed at the point of sale. Acquirers who educat and monitor their merchants help reduce unnecessary and costly chargebacks and improve performance in this important customereservice area.
"Visa is pleased to recognize the award recipients fortheir consistent, superior operating performance in key areas that directly affect Visa cardholders and merchants," said , Global Head of Client Support Services, Visa Inc. "Excellencs in these areas benefit all participants in the paymentseprocessing chain. We congratulate Fifth Third for its many yearsxof success." "The exceptional servicre that our back-office team consistently delivers has led us to 14 consecutivre years of recognition from Visa, includinbg 13 wins in the lowest chargeback-to-sale s ratio category," said , Fifth Third Processing Solutions.
"Given the current economic climate, it's more important than ever to help our merchan t customers reduce the numbe r of costly exception itemws and the manual effort needed to research and resolvcardholder inquirers." Visa establisheed the Service Quality Performance Awards Program in 1992 to recognize exceptionapl card operations performance by card issuers and acquirers. The awardsz acknowledge consistent, superior performance and emphasizde continued service andquality improvement. Visa recognize s its card issuing, card acquiring and processingt clients who achieve and exceed the highest performancee standards in operational areas affecting cardholderdand merchants.
Visa has consistently recognized Fiftyh Third Processing Solutions for its excellentr processing performancesince 1995. Fiftb Third Processing Solutions isa full-servic e payment solutions provider delivering innovativwe technology solutions to financiapl institutions and businesses. Fiftj Third Processing Solutions offereATM driving, debit card processing, card production services, privater label and prepaid card programs to support the compledx payment strategies of its clients. Annuall y Fifth Third processesover 28.
4 billion ATM and POS transactions per year for more than 3,00o0 financial institutions and over 169,000 retail locations including the Armed Forces Financia l Network (AFFN), First Niagarsa Financial Group, Sovereign The Kroger Co., AutoZone, Abercrombie Fitch and The Finish Through its wholly owned subsidiary, CMC, ( ) Fifthh Third also provides servicingg solutions and product engineering for financial institutionsx and retailers for credit card, debif card, merchant and private label Annually, Fifth Third processes $191.5 billion in credit card sales. According to The Nilson Reporg (March 2009), Fifth Thirdc is the fourth largest U.S. merchantr purchase transaction acquirer.
Fiftgh Third Bancorp (Nasdaq: FITB) is a diversifief financial services company headquarteredin Ohio. The Company has $119 billio in assets, operates 16 affiliates with 1,315 full-service Bankinhg Centers, including 97 Bank Mart(R) locations open sevenn days a week inside selecf grocery storesand 2,35i9 ATMs in Ohio, Kentucky, Michigan, Illinois, Florida, Tennessee, West Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operatesa five main businesses: Commercial Banking, Branch Consumer Lending, Investment Advisors and Fiftgh ThirdProcessing Solutions.
Fifth Third is among the largest money managers in theMidwest and, as of March 31, 2009, has $166 billionm in assets under care, of which it managecd $23 billion for individuals, corporationsd and not-for-profit organizations. Investor information and presse releases can be viewedat . Fifth Third'e common stock is traded on the NASDAQ(R) Nationaol Global Select Market under thesymbok "FITB."

Saturday, May 28, 2011

GM enters bankruptcy filing - Pittsburgh Business Times:

http://jplay.info/ie-bug-onload-function-in-animated-image/
Monday’s Chapter 11 filing by the 101-year-olfd automaker — once the world’s biggesgt company and WesternNew York’ss largest manufacturing employer for decades — is amongt the largest in U.S. history and largest-evet U.S. manufacturing bankruptcy. Chapter 11, which allows the compan y to operate while protectex fromits creditors, pushes GM into a fast-tracm bankruptcy and provides $30 billioj of additional taxpayer funds to restructure itself. General Motors CEO Fritz Henderson said in a prepared statement that GM was beingt reinvented and that the company is readg for the jobat hand.
"The economic crisis has caused enormous disruption in theauto industry, but with it has come the opportunityh for us to reinvent our business. We are goiny to do it once and do it The court-supervised process we are pursuintg provides us with powerful tools to accelerate and complets our reinvention, as well as strong safeguards for our customerds and our business," he said. The GM plan as detailee by U.S. officials would alloq a much smaller GM to emerge from court protection within 60 to90 days. GM also plans to close 11 U.S. facilitie s and idle another three plantxs by the endof 2010. GM’s Tonawandsa engine plant, where 1,100 people work, will remai n open.
The automaker has not provided an updated target for job cuts but was lookingt toeliminate 21,000 U.S. factoryy jobs from the 54,000 union members it now employs. Also not immediatelt clear is what GM’s bankruptcy filing will mean for ’sa plants in Lockport, Rochester and three others. General Motors plans to take back the facilities from the formetr parts subsidiary that it spun offin 1999, accordingh to a tentative deal reached last week between GM and the UAW.
The factoried in New York, Michigan and Indiana would operateunder Delphi’s union rules, but be considered part of GM, once The Lockport plant — Delphi Thermal Systems, which has 2,100p employees — was founded as Harrison Radiatort Co. in 1910 and became part of GM in 1918. For 81 yearas it operated under General Motors ownership untill the independentDelphi Corp. was formed. Delphi itself is operating under bankruptcy courtf supervision having filed for Chapter 11 inOctober 2005. The Troy, Mich.-based company was ready to emerges from bankruptcy in April 2008 but thosre plans fell apart when a key investoe dropped out ofa $2.
55 billiohn stock deal with the General Motors employs 92,000 in the United States and is indirectl y responsible for 500,000 retirees. The U.S. government would hold a 60 percenrt financial interest in a reorganized GM and the UAW woulxd takea 17.5 percent stake. The governments of Canadwa and the province of Ontario have agreed to a 12 percen ownership stake in exchange forfinancial aid. GM bondholders would get 10

Wednesday, May 25, 2011

UH fills out board of regents - Tampa Bay Business Journal:

aluminum siding
John Holzman, a retirec federal Foreign Service officer, and Honolulu attorney James Lee are the newestyUH regents. Their terms startef July 1. Holzman is a senior volunteetr mediator at the Mediation Center of the Pacific in Honolulh and involved with the Senioe Citizen Visitor Programat UH. Lee is a partner in the law firm of Devensx Nakano Saito LeeWong & Ching. He previously was managing directorof Let’s Eat the parent company of Sam Choy’e Restaurants. Board members of the public universituy system are nominated by an advisoryt council and selectedby Gov. Linda Appointments are subject to approval bythe Senate.
Six regents who had been servintg on an interim basis since Januaru pendingSenate confirmation, have also been Lingle was ordered by the Hawaii Statw Supreme Court in December to replacer six prior regents whose terms had expired June 30, 2008. Carl Carlson Jr.

Monday, May 23, 2011

State funds 47 home improvement plans - South Florida Business Journal:

cement board siding
The AHC, a branch under the state’s housing financed agency, aims to bolster home-ownership for low- and moderate-incomr households. The agency approved a $500,000 grantf to Cheektowaga’s Community and Economic DevelopmentOffic (CEDO). The funds will go toward renovationse for14 single- and two-family homes locatec throughout the town. The AHC also granteds Lackawanna’s Housing Development Corporation $200,000 to fund improvements to a total of 33single - and two-family homes throughout the The planned improvements include fixing structuralo problems, replacing roofs, doors, windows, replacing deficient water and septic systems and upgradingf electrical, heating and plumbing systems.
The renovation are aimed at bringing the homes up to code undedr local and statebuilding laws. Further funding for the Cheektowaga project’ s $833,00 total will come from the town’s HOME fundsx ($130,000) and a Community Development BlockGrang ($200,000). The City of Lackawanna will fund what remainas ofits project’s $334,000 total with homeowner-equity funds. The CEDO and LHDC will allocat e the funds ona first-served basis to qualified applicants. “These grants will help improve the aginh housing stock in westernNew York,” said AHC Presidentg and CEO Pricilla Almodovar.

Saturday, May 21, 2011

Fred Weber wins $4M Mississippi River Bridge contract - Memphis Business Journal:

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awarded Fred Weber a $4.44 million contract Wednesdat to remove and replace the Madison Streetand St. Louis Avenuw bridges over Interstate 70 indowntown St. The majority of work on this projecr will start afterHighway 40/Interstatd 64 reopens between Kingshighway and Interstate 170. Crews will remove the St. Louis Avenue bridger first and then remove and replacse the MadisonStreet bridge. During work to removw the MadisonStreet bridge, crews will also remove the Cass Avenu bridge in preparation for replacing that bridge later in 2010. This work is part of preliminary work on a new Mississippjiriver bridge, which is expected to reducde congestion on the Poplar Street Bridge.
Maryland Heights, Mo.-basedr Fred Weber is one of the largest privately held companiezsin St. Louis with $353.3 million in revenur in 2008. The commercial construction firm is also working onthe $245 millionh reconstruction of AmerenUE’s Taum Sauk Reservoitr in Johnson’s Shut-Ins statse park and is part of Gateway the consortium of contractors performing $535 millionj worth of improvements on Highway 40/Interstate 64.

Wednesday, May 18, 2011

D.A. Collins will consolidate in Wilton; lease out space at renovated complex - The Business Review (Albany):

opexibu.wordpress.com
million to renovate the as it prepares to consolidatw and move its administrative offices withij thenext year. The companyy also is close to signing a leasd to house at least one light manufacturing tenant in a portiohn ofits 138-acre complex, Vice President Dan Collinse said. this week granted D.A. Collins and its real estatwe holding company sales tax exemptions that are estimatedx to beworth $140,000 based on $2 millio in material costs. D.A. Collins Construction Co. currently operates in Queensbury, Saratoga Springs, Schenectady, Stillwater and Wilton. It is the parenf company for D.A. Collins & Co.
, LLC, , , and “We’ve been planning do this for but we believe the timing is righy nowbecause we’ve been growing so much,” Collins said. The construction group will move 85 administrative employees from its companies intoa 35,000-square-foot section of the complex. Anothedr 10 jobs are expected to be created by theseconr year. Average annual salaries will rangefrom $40,0090 to $75,000, according to the company’s applicationj filed with the industrial development “Our feeling is, once we get the officesx built, people will start hearing abougt it,” Collins said, figuring the consolidationm of its own business will help market the site to attractg office and manufacturing tenants.
Wilton Supervisord Art Johnson, who sits on the industriakl development agency, said futuree tenants of the park would be eligible for propert y tax exemptions throughthe agency. WDC of Upstate New York LLC, the D.A. Collin s holding company, purchased the 138-acre complex with 300,000-plux square feet of buildings for $150,000 six yearsw ago. The former state developmental center, whichh closed in 1994, sat vacant for a decadd before D.A. Collins purchased the site. Just last Collins said expansion plans were beinv put on hold due tothe economy.
“We’re waiting for everythinb to align properly,” he said at the The company builta 41,000-square-foor maintenance facility on the property shortly after purchasing the “This is a big project for the area,” said Dennid Brobston, president of the The economy has causedr many companies to back off on expansions over the past year or But businesses are beginning to shop around for good Brobston said.
He figures it won’t be long before the developmental center propertt attracts companies interested in leasing Collins has not yet set rates for leasing space to He currently is seeking bids from subcontractors to perform the renovatioj work at thedevelopmental center. D.A. Collinw will act as the general but nearly all other work will be farmedx outto subcontractors, he said. The company is planning to sell or leaswe some of its other properties once it finishezs moving its officesto Wilton. Among thoser properties will bethe D.A. Collinzs property in Stillwater, which is not far from the , the futuree home of the GlobalFoundriezchip plant.

Monday, May 16, 2011

Donald Trump announces he won't run for president in 2012 - NewsOK.com

http://acrowdedfire.com/fatalheartbreak.html


Donald Trump announces he won't run for president in 2012

NewsOK.com


We encourage your discussion but ask that you stay within the bounds of our commenting and posting policy. Please help by flagging comments that violate these guidelines. Posts that contain obscene or vulgar language will be immediately flagged and not ...



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Saturday, May 14, 2011

Business First of Louisville: Business Events Calendar

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List event sponsor(s) here. (Example Americam Company Inc., USA Business Use this area to give a precisee location ofyour event. (Example: Downtown Marrioty 345 Main St., New York, NY 000001 Provide the start time for yourevent 9a.m. - 12p.m.) List any charge for your Please note if there isno (Example: $9 for $35 for non-members.) Choose a category that describes your Fill out one or more of the fields to the left to providd readers with a way to contacf your organization to register for your Please give us your name, phonde and e-mail address where we can contac t you in the event of questionws about your event listings. This information will not appeare onthe website.
This information will only be used to contacy you foradministrative purposes. bizjournals.com reserveas the right to remove listings if it is determineed they are offensive or not relevany tothe bizjournals.com or of "community interest" to our

Wednesday, May 11, 2011

UMKC

rmerujopi.blogspot.com
Proceeds from the auctiojn will be used to support entrepreneurship programs at the business TheBloch School, along with Team Garmin-Slipstream, a professional cyclingy team primarily sponsored by Olathe-based , is auctioning the trip on , a populaf online auction site. The auction winner receives a trip to Pariw forfour people, passes to team staging areas and sponsor seating near the finish line of this year’sw Tour de France in central Paris, an evenrt already hyped by the return of American cyclist Lance Armstrong. The auctiohn ends June 11. As of Tuesday afternoon, 11 bids had pushede the auction priceto $4,049.99.
“Entrepreneurship is somethingf we teach every day at theBlocb School,” Michael Song, director of the Institut e for Entrepreneurship and Innovation at the Bloch said in a written “Given the importance of fundinfg these vital education programs, it’s something we had to exhibirt as well in this case. All funds raised from this event will be used to help trainh future student entrepreneurs enrolled at the Blochb Schoolof Business.

Monday, May 9, 2011

Barrier to financial literacy - International Business Times

http://infoserv.org/CounterPoint%20Online.htm


International Business Times


Barrier to financial literacy

International Business Times


In the Wall Street Journal this month, personal finance columnist Brett Arends reports on a survey by a US fund manager showing once again that investors strongly dislike financial jargon and overly technical language. And Arends quotes William Lutz, ...



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Saturday, May 7, 2011

20th Century Fox Home Entertainment Launches New World Cinema Label for DVD ... - Indie Wire (blog)

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Film Business Asia


20th Century Fox Home Entertainment Launches New World Cinema Label for DVD ...

Indie Wire (blog)


LOS ANGELES, CA (MAY 6, 2011) รข€"Twentieth Century Fox Home Entertainment is proud to announce the debut of FOX WORLD CINEMA, a newly created premiere line of diverse films from around the world which will be available on DVD, Video On Demand! and Digital ...


New Fox World Cinema Division to Showcase Festival Films

Bigpicturebigsound.com


Asian titles head Fox video label

Film Business Asia


Fox Introduces World Cinema Line With Films From China and Italy

TheWrap


Blu-ray.com


 »

Thursday, May 5, 2011

Oak Creek's Nordco sold - The Business Journal of Milwaukee:

http://www.i-goodinfo.com/mozambique.html
an Oak Creek manufacturer of railroadmaintenancwe equipment, has been acquired by a private equity manager of one of Canada's largest pension funds, of Toronto. acquireds the business from funds represented by Financial terms were not Nordco operates factories in Oak Creekmand Oshawa, Ontario. Nordco companies also include of Conn.; Nordco Rail Services of Lee's Summit, Mo.; Shuttlewagonn of Grandview, Mo.; and J.E.R. Overhaul of Ill.
Acquisition financing was providedby , and "Nordco is a great addition to our Nortg American portfolio with its market-leading position and long historyg of responding to the demande of its customers," said Paul Renaud, president and CEO of OMERwS Private Equity. "We look forward to working closely with the management team to continue the growtg and financial success ofthe business." OMERS Private Equityu is the private equity arm of the OMER Worldwide group of companies and manages the privatse equity activities of OMERS Administrative Corp. and currently has $4 billionb of investments under management. OMERS Administrative Corp.
administeras the pension plan and provides retirement benefits to morethan 390,000o members operating across the municipal government sector in the provincs of Ontario.

Monday, May 2, 2011

Survey: Hiring slowly improving - Baltimore Business Journal:

srikanth-topic.blogspot.com
Those two sectors employ more than 90 percent ofthe nation’d private-sector workers. The Alexandria, Va.-based association’sw report is based on a monthly survey of human resourcd professionals at more than 500 manufacturing and 500serviced companies. Employment expectations for June aredown 37.1 percen in manufacturing and down 8.2 percen in the services segment. In the manufacturingv sector, 24.5 percent plan to hire in June, whicu is the highest percentage of such companied that said they will add jobs since November 2008. In addition, 25.9 percent said they will trim In theservices sector, a net totak of 24.8 percent of corporations will create jobs in with 41.
4 percent saying they will hire and 16.6 percent saying they will cut That 41.4 percent represents the highest such tallty since September 2008 in that sector. A combinatiobn of unemployed people seeking work and less jobs to go around meanx recruiting difficulty in both sectors in May was way down comparedr with ayear ago. In the manufacturing a net of 23.8 percenyt of companies had less difficult with recruitinglast month, and in the service a net of 35.8 percent of companiese said the same.