The Source (blog) | Stepping Right Up For Jay-Z's Carnival New York Times But the snaking lines for games at a carnival put on by Jay-Z to raise money for his Shawn Carter Scholarship Foundation on Thursday night were easily explained: Among the rows of stuffed-tiger prizes, things like Tory Burch bags poked out, ... Jay-Z's Big Hit: a Carnival |
วันศุกร์ที่ 30 กันยายน พ.ศ. 2554
Stepping Right Up For Jay-Z's Carnival - New York Times
วันพุธที่ 28 กันยายน พ.ศ. 2554
Federal Trust purchase pact modified - Orlando Business Journal:
The modification involves two subsidiaries ofthe , a German financial company with an investment in The Hartford. The two subsidiariezs trade with The Hartford and Allianx wanted federal officials to recognize that the transactionws do not enable the companies to exery control overThe Hartford. Federal regulations limit the controlk that foreign companies can have in American financial companies. Regulators concluded that the sortd of transactions in question represent lessthan 0.5 percen of the total revenues of either Allianz or The Hartford.
Allowingt Allianz to retain its investment in The Hartford was a majofr piece ofThe Hartford’s effort to buy Firstt Federal, a financially struggling The remaining hurdle — approva of an application that woulde allow The Hartford to collect billions of dollars in federalp bailout money — is still pending. The primarily an insurance company, hopes to use Federalk Trust to allow it receivebailout funds.
วันจันทร์ที่ 26 กันยายน พ.ศ. 2554
Dark Souls online servers return tomorrow - Computerandvideogames.com
Gamebandits (blog) | Dark Souls online servers return tomorrow Computerandvideogames.com Online functionality will fin » |
วันเสาร์ที่ 24 กันยายน พ.ศ. 2554
Corus Bank
That could spell trouble for the 18 condo constructiomn and apartment loansthe Chicago-based bank had in Soutyh Florida as of Sept. 30. About half of those $1.38 billionj in mortgages were either no longer paying interest or in problem status in thethirde quarter. If those developers can’t repay theirt loans when theycome due, the bank might no longer be able to give them more “It has the potential to halt projects that were under construction to this Philip van Doorn, a senior bankinf analyst at The Ratings in Palm Beacuh Gardens, said of the enforcement “For some projects that were being financefd with interest reserves, this could preveng projects from being completed.
” In 2008, the bank repossesseed the Tao condominium in Sunrise. On Corus Bank and its parent holding company signec a written agreement with the and a consent order withthe , givinh it 120 days to achieve and maintainh a tier 1 capitalo level equal to 9 percent of adjusted total assets and 12 percenrt of risk-weighed assets. That’s abovew that ratios that most banks are required to According tothe bank’s preliminarg results, those ratios were 7.87 percent and 10.99 respectively, on Dec. 31. As part of the regulatoryy agreements, Corus Bank must submit a plan to reac those capitalratio levels.
If it shouldc fall short, it must show regulators a proposalpto sell, merge or liquidate the (NASDAQ: CORS) has yet to releaser its final fourth quarter results. On Feb. 2, the bank reportesd a preliminary net lossof $260.7 million in the fourth There is little chance that Corues Bank can raise capital in the current environment, van Doorn The only thing that woulc be attractive to a buyer is the bank’sz $7.6 billion in deposits and 14 but its condo loansx need to be written down dramatically, he Since the bank no longer is consideredf well capitalized by regulators, it is limitef from offering high yieldsw on deposits.
One of Corus Bank’ws previous strategies for raising deposits was offerinvg among the highest returns on certificate of and promoting them viathe Internet. The agreements also require the bank to get approvalk from federal regulators beforepaying dividends, naming executives or signing a golden parachute compensation agreement with a departing “There can be no assurancde that Corus or the bank will be able to complgy fully with the provisionzs of the regulatory agreements, or that compliance with the regulatorty agreements, particularly the limitations on interest rated offered by the bank, will not have materiaol and adverse effects on the operationse and financial condition of the company and the Corus Bank stated in a press release.
The sectio of the enforcement agreements that most affects Soutnh Florida condo developments deals withCorus Bank’zs “criticized assets.” A Sept. 30 reportg of examination by federal regulators found certain credit relationships and including loans that were criticizedas “doubtful,” “substandard” or “special mention.” Corus Bank can’tg extend credit, including renewalsd or extensions, to these borrowers unlessw the bank’s board approves it and demonstrates why the extension would strengthen the bank capital position.
An extensionj of credit can only be granted if the bank can fully accessthe borrower’s financial information and a credit analysis is completed. Corus Bank must get independent appraisalsd on the projects it is funding to ensure the collaterakl isvalued properly. Even if a loan is extended, Coruw Bank can’t capitalize accrued retroactively reverse principal payments to apply to accrueinterest instead, or establish an interest reserve usinhg proceeds from the bank’s Shares of Corus Bankshares fell 4 cents to 26 cents in morning trading. The 52-week high was $11.73 on Marchb 26. The 52-week low was 24 cents on Feb. 6.
วันพฤหัสบดีที่ 22 กันยายน พ.ศ. 2554
Water proposal could devastate Texas rice industry - BusinessWeek
Kansas City Star | Water proposal could devastate Texas rice industry BusinessWeek South Texas rice farmers got some extra time to plan next year's crops -- and pray for rain -- under a drought response compromise approved Wednesday by the Lower Colorado River Authority. Under the emergency order, which would apply to ... Water Proposal Could Devastate Texas Rice Industry LCRA delays sale vote; approves water plan for rice farmers |
วันอังคารที่ 20 กันยายน พ.ศ. 2554
Study says source of GHS soil contamination can't be confirmed - Greenwich Time
Study says source of GHS soil contamination can't be confirmed Greenwich Time Chris Koelle, a licensed environmental professional with the company, said while they heard from people about possible sources of the contamination based on the material used to fill in wetlands when the high school was built in the late 1960s, ... |
วันอาทิตย์ที่ 18 กันยายน พ.ศ. 2554
Economy brings special challenges to solo operations - Boston Business Journal:
But McDaniel — who snaps photos of babies as they interact naturallh with theirfamilies — got nervous in Octobeer when sales at her Milton operation dippe d about 43 percent especially when it came to extras like photoo books. Although business picked up enough at the end of the year so she was able to matc hlast year’s sales, McDanieol said she’s cutting costs and enticing customers with more bargains in preparation for 2009. “I’m just playing it by ear,” said 33. “All I can do is acceptg the calls that come in and offer more salea than Iusually do.
” Sole proprietors like McDaniel represenyt a layer of the economty that is truly layoff-proof, a raritu these days. But although solo busines owners are not constantly looking over theie shoulders in fear ofbeing downsized, they are not immune eitheer to being buffeted by budget-cutting clients and The downside to controlling your own destinyh during a recession, say solo entrepreneurs, is that failurw is not an option because the entire businesxs is on the line. In 2006 there were 547,364e sole proprietors in according to a new reportfrom . The fastest growingy and the largest sector of sole proprietors is professionalo andtechnical services, according to the report.
The next two largesg categories are real estateand construction. Sole proprietors “tenr to run much leaner, however they depensd on other businesses or consumers to purchase whatthey have, whethee it’s products or services, so they are not insulated from this economy,” said Christine Sullivan, executive directoer of the Enterprise Center at Salenm State College, a small-business incubator.
“I think there’s a lot of (sole who are still doin g OK, but they are very worried abou what’s coming down the road, particularly for the first half of Rebecca Sullivan, 37, left her post as vice president of corporates communications at the ad agency Arnold Worldwide in 2003 to startf her own PR business publicizing ad Since then she’s juggled a handful of clients, which includee in Watertown and The Gate in New York, on her own. In receng years Sullivan has often had to turnwork away, but thesr days she’s thinking about taking on extrza work as insurance in case some of her clientsd cut back.
She’s also trimming expenses, includinv trying to get better deals withservice providers, such as and . “There’s definitelg a level of comfort knowingthat I’ not going to be laid off,” Sullivan “(But) in this economy, you feel like you want to work I’m not worried now, but I might be worried in six Attorney Timothy Gagnon, 51, recentlyg left a joint practice with Needham-baseed attorney Colin Coleman to striked out on his own.
who focuses his practice on trustsand estates, tax and closely-helde entities, also teaches several tax coursed at ’s business Gagnon, who bills about $395 per hour, is worriedf about the economy and has several strategiews he’s implemented to deal with the recessionj including timely or even upfront billing of cutting expenses and doing as much work as he can. “I’ m very uneasy,” said Gagnon.
“I’m not sure we’vs seen the other shoe drop and I’m at the discretionaruy end of thebusiness — you don’tf have to update your One-person shops that are in the best position to survivde will be nimble, in terms of offering more or differen t types of services, or able to affiliatd themselves with a largefr company to add credibility, according to Bob president of the in Waltham, who has many sole proprietorr members. “What happens in this environment is sole proprietors look for other sole proprietors that have synergistic practices so theycan cross-selp practices,” Baker said.
Having in-demand services is also a good safetu net forsole proprietors. And certain less-criticaol sectors, such as public relations and will be more vulnerablethan others, like legapl and accounting services, according to Baker. Tech consultantw flying solo are not immune from theeconomic either. Aaron Carmisciano, 33, who launched his Web developmenf business Subluxed twoyears ago, has found that developerzs of Flash Web sites are still in high demand. Carmiscianl works for a diverse client base thatincludes , and . he’s being watchful of his personal andbusinesss expenses.
Camisciano said he is not planning on purchasing any new equipment for work this year and he and his wife are holdingb off on purchasing tickets to theie annual international vacation until thelast minute. “The big question for me is, what’sd going to happen after the firsr quarter?” Carmisciano said. Dani Nordin decider to launch her Watertown-based strategic communicationsd business thezen kitchen, after terminated the contractf she was doing with the Framingham-basee company right before the holidaya in 2005.
For Nordin, a fighting spirit mightg be her biggest asset in dealing withthe “I’m refusing to believe that the economy is going to kill my Nordin said.
วันพฤหัสบดีที่ 15 กันยายน พ.ศ. 2554
VC-owned firms renew push for SBIR grants - Phoenix Business Journal:
Through the SBIR program, 11 federal agencies set aside 2.5 percent of their outside research budgets for small businesses. is one of the largesf providers ofSBIR contracts, investing more than $5 billiobn in 19,000 projects since the programn began in 1982. Biotech companies that are majority-owned by VCs have not been able to tap this programjsince 2003. That’s when the Small Business Administration ruled that acompanu doesn’t qualify as a small business if venturer capital firms own more than half of the company’es stock. and the have been lobbying Congress to overturnn the rulingsince then.
They contend the high cost of bringing druga to the marketplace forceds biotech firms to obtainventure capital. These they argue, shouldn’t be knocked out of SBIR awarda fornew innovations. The House last year overwhelminglyy passed SBIR reauthorization legislation that wouldemake VC-owned small companies eligible for the grants, as long as no singlew VC firm owned more than 50 percen t of the company. This legislation failed to passthe Senate, however. the Senate Small Business and Entrepreneurshil Committee pushed a compromise that woulxdallow VC-owned firms to be awarded a limitef share of SBIR grants: up to 18 percen at NIH, and up to 8 percentr at other agencies.
That bill never made it to theSenatse floor. Since then, the SBIR program has been operatingb ontemporary extensions, the latest of which runs out July 31. The Housse Small Business Committee hopes to complete an SBIR reauthorizatiohn bill beforethat date, and it and the Housse Science Committee recently held hearings on the issue. The Senat e plans to hold a roundtable discussion on the SBIR prograk soon and is working on its own version ofthe VC-owned firms may have a better shot of getting access to the SBIR program this year.
Last year, the SBA opposexd changing theeligibility requirements, contending it wouldr weaken rules that ensure that large businesses don’t benefiy from small-business programs. This the SBA is led by formetr venture capitalist Karen Gordon who became administratorApril 3. The agench is “looking at what’s on the tabls now” for the SBIR but is “not going to chime until it completesits review, said Edsep Brown, assistant director of the SBA’sz Office of Technology. The recession also has raisesd the stakes forbiotech firms.
“Numerousd small biotechnology companies are being forced to shelvs promising therapies as result of the currenrteconomic crisis,” said Jim Greenwood, president and CEO of BIO. Biotech companiesa raised 55 percent less capital in 2008 than they did in Greenwood noted. “The decline of the biotech industry jeopardizes notonly America’z patient population, but also America’s competitivee edge in the 21st century globaol economy,” he said. “The importanc of restoring eligibility to smalo biotechnology companies has never beenmore clear.
” BIO has an influential ally in NIH, which is concerned that applications for its SBIR awardw have declined by 40 percenft since 2004. “This disconcerting trend appearsw to be the result of disincentivee in the program that are either rendering worthuy companies ineligible or driving them away for other saidJoAnne Goodnight, who coordinates the SBIR and Small Busines Technology Transfer programs at NIH. and some current SBIR recipientsa oppose changingthe program’s eligibility rules. Businesses ownesd by VCs or other large companies should targertthe 97.5 percent of federa l research dollars that aren’t set aside for small they contend.
Jere the council’s executive said small businesses with venture capitao backing can receive SBIR awards under current rule s if VCs own a minority position inthe company. Even companies majority-ownedc by a VC can receive SBIR awards if the VCitseldf — including all of its affiliatex — has less than 500 employees, Glover noted. “Ib other words, VCs can and do have access to the SBIR Glover said. “In fact, the percentage of VC-backed companieas in the SBIR program hasbeen rising.
The sole purposs of the VC restriction in the SBIR program is to preventy a SBIR company from becomintg a subsidiary of a largee business and still accesxs funds that Congress intends forsmall businesses.” Some SBIR however, think the VC rules need to be Will Rosellini, CEO of Micro Transponder Inc. in said the SBIR program has enabled his smallk medical device company to develop treatments for chronic pain and othetneurological disorders. But he’s concerned that limitse on VC investment will impedshis company’s future. “We may or may not eventually require VC fundingv on the order of over 50 percent Rosellini said.
“However, by not havinh that option, our overall probability of successis diminished.”
วันอังคารที่ 13 กันยายน พ.ศ. 2554
Lindbergh Links: A Long Boulevard, a Lengthy History - Patch.com
Lindbergh Links: A Long Boulevard, a Lengthy History Patch.com Courtesy Missouri History Museum, St. Louis; taken by WC Perso Credit Courtesy Missouri History Museum, St. Louis; taken by WC Perso The longest road in the St. Louis area, Lindbergh Boulevard runs roughly 30 miles through north, central and south ... |
วันอาทิตย์ที่ 11 กันยายน พ.ศ. 2554
Exclusive Interview: Blink-182's Tom DeLonge on beating cancer, DJ AM and ... - Altpress.com
Altpress.com | Exclusive Interview: Blink-182's Tom DeLonge on beating cancer, DJ AM and ... Altpress.com Here, vocalist/guitarist TOM DELONGE talks with Scott Heisel about everything from his recent skin cancer diagnosis to the passing of DJ AM. In a recent Keep A Breast campaign, you mentioned that you were diagnosed with skin cancer last year. ... |
วันศุกร์ที่ 9 กันยายน พ.ศ. 2554
Library implements late fees - Dubuque Telegraph Herald
Library implements late fees Dubuque Telegraph Herald ASBURY, Iowa -- It's time to return those books you've been hoarding from the library. The Dubuque County Library has implemented its first late fee system, which could add to the extra funding expected to come the library's way for the next fiscal ... |
วันพุธที่ 7 กันยายน พ.ศ. 2554
Lowell woman dies in crash - Boston Herald
Lowell woman dies in crash Boston Herald ... of the SUV was taken to the hospital with non-life-threatening injuries. Amaro was cited by police for operating without a license. Police are trying to determine whether other factors contributed to the crash and if additional charges are warranted. |
วันอาทิตย์ที่ 4 กันยายน พ.ศ. 2554
Avnet divisions add new alliance, sales VP - Business First of Columbus:
Through the alliance, Avnet Applied Computing Solutions will provide Rittal and its customeres with the capabilities needed to produce fully integrated customizedcomputing products. In addition, Avnet Applief Computing Solutions will nowmake Rittal's completed line of electronic enclosurre systems available to its own customer base, consisting of embeddecd original equipment manufacturers, independent software vendors and value-added resellers. Rittal is a manufactureer of electronicenclosures systems, power distribution, network climate control and terminal systems. Rittal is basedf in Herborn, Germany, with U.S. headquarters in Ohio. For more: .
Meanwhile, another division of Avne t -- Avnet Enterprise Solutions -- Tuesdat announced that Jim Sullivan has joined the compant as vice president of its easternsaleas region. Sullivan is responsible for all salee functions in theGreat Lakes, Northeast and Southeast areas, including servers, storage, networ k solutions and professional services. These areas consisf primarily of Illinois, Ohio, New York, New Jersey, Massachusetts and Sullivan spent the last two yearw as a senior director and general manager at Bell Avnet Enterprise Solutions is a solutions integrato r specializing inenterprise server, storage and network For more: .
วันศุกร์ที่ 2 กันยายน พ.ศ. 2554
Northern Virginia still creating jobs - Washington Business Journal:
percent nationally in September, but Northern Virginia has seen its jobs grow by 1 percenrt in thelast year, according to the . The Northernm Virginia region added anet 12,800 new jobs from September 2007 to Septembe r 2008. The biggest job growth was in the professional and businesswservices sector, with a net 9,00p0 new jobs, or a 2.6 percen t annual growth rate. Education, healthcare, governmenrt and leisure and hospitality sectorw all had positive year over yearjob growth. Norther Virginia lost a net 4,700 construction a 5.4 percent annual decline. Othed sectors posting net job losses in the last year are information tradeand transportation, finance and manufacturing.
The Employment Commission’s metropolitahn Washington area September unemployment ratewas 4.0 percent, the second lowestg among cities with populations of more than 1 million, bested only by Oklahomq City’s 3.5 percent unemployment Statewide, Virginia had a net gain of 20,40p0 jobs between September 2007 and September 2008. Totaol nonfarm employment reachedalmost 3.8 million, second only to an all-time high of just over 3.8 milliojn in June of this year.