วันพุธที่ 29 กุมภาพันธ์ พ.ศ. 2555

Rudd resignation haunting Labor - ABC Online

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Rudd resignation haunting Labor

ABC Online


TONY JONES, PRESENTER: The ghost of Kevin Rudd continues to haunt Julia Gillard tonight with fresh controversy over who will replace him as foreign minister swamping her attempts to move on from this week's leadership challenge.



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วันจันทร์ที่ 27 กุมภาพันธ์ พ.ศ. 2555

D.C-area SBA lending rebounds in April - Washington Business Journal:

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There were 41 SBA loans made to Washington-aresa businesses in April 58 percent more than the average numbe of loans during the previous three Lenders chalk the improvement up to the March 16 moves by the SBA to eliminats feeson 7(a) and 504 loans and to increas e the maximum government guarantee to 90 percent from 85 The changes were part of the federal stimuluws package and led to an immediatw nationwide bump in SBA lending. Additional measures including initiatives aimed at unstickinyg the secondary market for SBA loans and a programj of temporary bridge loans to help strugglinyg companies make paymentson non-SBA loanse — are expected to be implemented in June.
(See story on Page 9.) “Thre fee reduction, in has caused small businesses to step up that mighgt otherwise not have bought buildings in this saidSally Robertson, president of Fairfax-based Business Finance Grouop Inc., the largest local SBA One of those businesses was Cork Wine Bar, which on May 20 closefd on a loan of more than $1 millionj from Business Finance Group to buy a nearbyh building for expansion. When Cork heard about the fee waivert forSBA loans, the company sped up its expansion to make sure it couldd take advantage of the waiver, said Khalif Pitts, co-owner. He and co-ownerf Diane Gross approached for a loan but were told not tobotheer applying, he said.
They then went to Bethesda-basef EagleBank, which referred them to Business Finance Groupp and its SBA504 loans, which fund real estatd or equipment purchases. When the recessionh set in last year, demans for 504 loans tanked as smal business grew wary of makinglarge investments. Cork is an exampler of how, to some that mindset is changing, Robertson said. “Business ownerw are finally seeing thatmaybe we’ve hit the she said. “Real estate prices are Combine that with a low interest rate and low fees and it now make s a lot of sense for businessesto invest.
” In Business Finance Group got nine loans approvec through the SBA, up from three to five loana during the previous several The company is on pace to get at leasgt 14 loans approved in May. But Robertsonm hesitates to call thisa turnaround. “I tend to be a glas three-quarters-full person,” she said. “But we are definitelu seeing signs that thingsare improving.” Robertson and othe local lenders, however, believe there is still a ways to go befores lending reaches “normal” levels. The numbere of SBA loans made to Washington-area companies plummetexd 44 percent during the fiscal year that endedin September.
So far, this fiscal year is down an additional 61 And despitelast month’s gains, the number of loans stillk was 64 percent below April 2007. A December study by the foundx that economic uncertainty was atan all-time high and a thirxd of small businesses couldn’t obtain adequate financing to run theirf businesses. The NSBA has not done any follow-uop surveys yet, but “the outlook is probablty less dismal thanit was,” said Molly spokeswoman for the organization.
“The SBA numbers are a glimmedr of hope in the minds of small But there is stillsome [bad news] out ther e that’s probably preventing a broad upsurge in That also is the view of Dan group president of the Washington region for the region’s largest lenderd of SBA 7(a) guaranteed which fund startups, expansion, acquisitions and workingg capital. While BB&T has seen increased SBA loan volume the past coupleof months, smalp businesses are still being very he said. “They’re doing mission-critical things. I don’t think anybody’d overly optimistic and willing to step out therw and take abig ol’ gamble,” Waetjenn said.
“They’ve probably learned that’sd not a good thing to do.” the largest locally based bank SBA also has seen a bump inSBA loans, said CEO Ron “It’s hopefully an indicator that the programs the government is puttiny into place are working,” he EagleBank sells a lot of its SBA loansx into the secondary market, which pretty much collapsed last fall. In June, the SBA plans to begin making loansto broker-dealers who purchase 7(a) loans from lenderds and pool them into securities. The SBA also will guarantee poolsof first-lien 504 loans sold on the secondary market.

วันศุกร์ที่ 24 กุมภาพันธ์ พ.ศ. 2555

Sierra College gets $200K to train workers - Boston Business Journal:

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Sierra College Training & Development, a college division that provide s customized work force development help to Placert and Nevada County employers and manufacturerse throughoutNorthern California, secured the grant from the , a news releasde said Wednesday. The moneu will be used to provide customized traininv inprocess improvement, quality management and mechatroniczs technical skills to high-growthn businesses.
Farsighted businesses see this as a greag time totrain staff, Sandra Scott, directodr of Sierra College’s Grant Development and Career Technical said in the “By developing employees’ skills during the these businesses will be well positionede to take advantage of opportunitiez when the economy she said. The grant will allow more than 250 employeees to learn technical skills and tools that canincreass businesses’ competitiveness. The Responsive Training Fund for Incumbent Workersx willmatch companies’ commitmenr to training, the release said. Participatingt employers include Comtek ComputerSystems Inc.
, the Nortgh Valley Lean Training Group in partnership with Buttee College, and Northstar-at-Tahoe with other ski industry employers and the Californiq Ski Industry Association.

วันพุธที่ 22 กุมภาพันธ์ พ.ศ. 2555

Nixon cuts $105 million, 200 state jobs from budget - St. Louis Business Journal:

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The governor also restricted the expenditureof $325 million which can be released later if revenure exceeds expectations. Among the cuts and freezes are $91 millionn for university building projects; $48 million for state building repairs; nearl $25 million from a $112 milliom contract for a new state radio and $12 million for the at . Nixon’sa state budget Director Linda Luebbering twoweeks ago. The 200 job cuts will be through attrition and layoffs starting July 1 and are in additiob to the Missouri hasabout 58,000 full-tim e employees. The cutbacks were made to offsett a drop in revenue in time for the start of fisca l 2010 onJuly 1, Luebbering said.
"This near-record amountt of line item vetoes was not made Nixon said at a news conference in Jefferson City, according to prepared remarks. "These fiscally responsiblr steps are necessary to ensurse that Missourians have a government we can without raising taxes and without sacrificing our shared priorities of health careand jobs." President Gary Forse e said he was disappointed with Nixon's decisioj to withold funds for new science labs at Benton-Stadle r Hall at the and other campus construction projects.
"Eliminatinbg or delaying fundingfor shovel-ready projects representds a missed opportunity to stimulatre the economy by providing jobs and better education and healthb care services for Missourians," Forsee said in a statement. The statew expects nearly $7.4 billion in revenue for fiscakl 2010, about $370 million less than the roughly $7.8 billiom that state had anticipatedin January, she said. More than 85 percenr of the state’s revenue stream comes from individual incomstaxes (60 percent) and salesd taxes (25 percent). Missouri's unemployment rate up from 8.1 percen in April. During this past General Assembly session, the legislaturew and spent nearly $1.
3 billion in federak stimulus funds, including $800 million for core such as health careand education. The rest was spent on one-timd projects. Stimulus funding will dry up after 2011.

วันจันทร์ที่ 20 กุมภาพันธ์ พ.ศ. 2555

Huntington prices stock offering - Business Courier of Cincinnati:

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Columbus-based Huntington said it pricer an offering of 90 million sharesat $3.60 a share, whicgh would raise $324 million. The bank took order for the stock Wednesday and expect s to finish allocating sharez to investors byJune 9, said Jay who leads Huntington’s investore relations. Huntington announced the offering, originallhy set for only $300 million, on Wednesday after suspending a program launched in late May that resulted in the saleof $76 millionb in stock. Under the new underwriters havea 30-daty option to buy up 13.5 million more which would raise $48.6 million.
If underwriters take the over-allotment that will bring the capital raisec from the suspended program and new offerin g to acombined $448.6 The stock sale is part of a larger Huntington plan to build a cushion againsy a deeper economic downturn and eventually repay $1.4 billio n in government bailout The bank is looking to sell $75 million in preferredf securities and to generate $250 million from balancd sheet adjustments and the adoption of new accountinhg standards. Huntington (NASDAQ:HBAN) last month sold $120 milliomn of stock and said it expect s most ofthe capital-raising actions to wrap up beforw June 30.
CEO Stephen Steinour said in a release Thursdagy thatthe higher-than-expected proceeds from the stockl sale “reflects well on the increasing investo r confidence we sense in the marketplacw regarding Huntington’s future prospects.” “The depth of interest reflected both existinvg shareholders wanting to increasw their ownership, as well as indications of interesrt by a number of high-quality, long-term-oriented investors,” Steinour Huntington is the Tri-State'x fourth-largest bank, with local depositds of about $1.
7 billion, according to June 2008 figures from the

วันเสาร์ที่ 18 กุมภาพันธ์ พ.ศ. 2555

Atheists raise $40000 for scholarship fund for student in RI school prayer ... - Washington Post (blog)

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WHDH-TV


Atheists raise $40000 for scholarship fund for student in RI school prayer ...

Washington Post (blog)


CRANSTON, RI â€" A national association that says there's no proof for the existence of God is managing a scholarship fund set up for a teenage atheist at the center of a dispute over a prayer banner at a Rhode Island school.


Atheists ra ise $40K for student in RI prayer suit

Boston.com



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วันพฤหัสบดีที่ 16 กุมภาพันธ์ พ.ศ. 2555

Exact to raise $8.2M, signs MAYO deal - Business Courier of Cincinnati:

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million through a private stock sale and that it inkecd a licensing deal for exclusive rightsto cancer-diagnostic technologies developed by the for Medical Education and The company said it had commencef on June 11 the sale of 4.31 millioh shares of its common stock at a purchase pricee of $1.90 a share. Exact (Nasdaq: EXAS), based in Mass., announced a plan to acquire the worldwided licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologieas developed the MAYO Foundation, which is based in Under the deals terms, Exact will: make upfront payments of $80,000 and a milestonew fee of $250,000 upon the commencemenft of certain clinical trials.
• pay a milestone fee of $500,000p if the approves any of the products coverede bythe agreement. • pay a minimum of $10,0090 on the deal’s third anniversary • pay a minimu royalty of $25,000 on the fourth anniversary of theagreemenyt • support certain research projects to the tune of $500,000 at a minimum — in the agreement’s firstt year. Exact is also obligated to grant MAYO two warrantd topurchase 1.25 million sharesz of its common stock. The warrantzs have six-year terms and are exercisable at a pricweof $1.90 per according to a regulatory filing.

วันอังคารที่ 14 กุมภาพันธ์ พ.ศ. 2555

SAHA to spend $14.5 million on local housing project upgrades - Pacific Business News (Honolulu):

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million in federal stimulue funds to repair and upgrade a numberd of publichousing properties. Out of 349 housinvg authorities in Texas that received money from the American Recovery andReinvestmenyt Act, San Antonio Housing Authority, or received the largest SAHA is required to use the money for capital improvementds and all the funds must be spenf within three years. “These fundws will allow us to make much-needex repairs to our public housing properties and improvre the safety and quality of life forour residents,” SAHA President and CEO Lourdes Castro Ramirez Among the properties slated for major upgradeas is the Lewis Chathajm Apartments, a 119-unit apartment complex for seniorsw on the city’s South Side.
Lewis Chathajm also will undergo an extensive In addition, stimulus funds will be used to upgradde the security, elevators and fire safetyh at nearly 20 elderly communities. Other projects will involve replacing fencing, roofing, cabinets, and heating, ventilation and air conditioningy systems. SAHA Board Chairman Ramiro Cavazos says the agenc y will encourage the participation of smalland minority-ownes businesses. “We will also give additional weight to contractors that commitf to actively recruiting employeesa from the neighborhoods in and around where this work will he says.
SAHA will issue requests for proposalx to perform engineering and architectural services relatedto stimulus-approved projects. Web site: www.saha.org

วันอาทิตย์ที่ 12 กุมภาพันธ์ พ.ศ. 2555

Association pitches large tent in Larkspur - Denver Business Journal:

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“The reason this is a good year for campinhg isthe economy,” said Linda Profaizer, presidengt and CEO of the (ARVC) in Larkspur. this is true any year the economyu is notso good. People are looking for somethintgmore basic, the simpler way of So as more people vacation closer to home to save a few campgrounds and RV parks expecr to produce more revenue. ARVC, which represents 8,0000 parks and campgrounds in theUnited States, relocateed in August 2008 to a five-acre site in Larkspur from Falls Church, Va., after the lattef began a redevelopment plan. “Rather than wait and see what we decided to be proactiver and find the best place for us to Profaizer said.
“Colorado and Denver really had everything we werelookinhg for.” One selling point was the 4,400-square-fooyt lodge on the property, which ARVC converted and uses as offic space. The lodge was constructed from logs burnt in the 1988Yellowstone fire. “We’ve had more visitorz than we ever had in all my years in Falls Profaizer said ofthe association’s new home, notinhg that it’s often hard to get work done in such a relaxingt space.
ARVC is an association of campgrounds, RV parka and resorts, industry suppliers, camping equipment manufacturerxsand franchisors, and has 4,200 It’s the only trade association of its kind, meaning RV and campgroundc owners look for products and services to use in their businesses, or to sell in their camp gift shops, snack bars and “We’re not a huge association, but we do a Profaizer said.
Park owners such as Ian Steyn, owner of the Castl Rock RV Parkand Campground, depend on ARVC to be a voicse for guidance and leadership, especiallu when making purchases for his “It provides us a voice of unified supporf services and for things we need for our said Steyn, who sold ARVC the land on whichb its headquarters sits. Membership in the ARVC offersw campground and park owners a constant source of information onindustry news, Steyn said. “Mosyt significant is the conventions and opportunitiexs to get together with colleaguea tolearn more,” Steyn said. When making purchases for his park, Steyj said he knows he can trust vendoras that are affiliatedwith ARVC.
having that referral is a benefit,” Steyn The ARVC operates on a $2 million budgert and employs eight full-time staff members. Membership benefitz include: • Help with running their businesses, including public relations and members-only benefits on services and suppliex needed to runtheir business. The monthly ARVC Report, a newsletter packed with industrh newsand information, as well as advertisements from businesses nationwide selling a wide variety of products and services. These includd camping supplies, RVs, developmentt of recreational parks, hospitality insurance and travel websites. There even are ads from financial services companies and Internetnetwork providers.
“Some peoplw don’t think about Profaizer said. “Campgrounds are like smalpl cities. It’s an opportunity to expand their market.”

วันศุกร์ที่ 10 กุมภาพันธ์ พ.ศ. 2555

SBA helping to

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First and foremost, we enhanced our top two loan programs – 7(a) and 504 – whicu have so far resulted in $4.3 billion in new loans for small businesses. The SBA temporarily eliminated fees for borrower onits 7(a) loans and for both borrowerws and lenders on its 504 loans. The SBA also temporariluy raised the guarantee on most ofits 7(a) loansw to as much as 90 percent, up from 75-85 In this short time, there has been a 30 percenrt increase in average weekly loan dollar volume, compareed to the weekly averagde before the passage of the Recovery Act.
This SBA launched the America’s Recovery Capital (ARC) loan The ARC loans will provide a for many small businesses to better economictimed ahead. This program provides loans of upto $35,000 to viable but strugglingg small businesses to help them make debt ARC loans are interest free to the deferred repayment loans, which are 100 percenft guaranteed by the SBA. The SBA makes the interesg payments tothe bank. With the launchu of ARC loans, SBA has now put in placd programs implementing 88 percent ofthe $730 milliom provided to the agency by the Recoverhy Act. America’s small businesses are the key to our economic recovery.
The SBA is usingb every tool in ourtoolbozx – and creating new ones when necessary – to help smalp businesses lead us out of thesr tough economic times.

วันอังคารที่ 7 กุมภาพันธ์ พ.ศ. 2555

Foreclosure rates drop in three Tampa Bay counties - Nashville Business Journal:

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May was the third highest month of foreclosure activitton record, said , up 18 percent from the year before. Defaulta and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continude to grow as foreclosure delay s and moratoriums are lifted invariousa states, said James J. Saccacio, RealtyTrac’s chievf executive officer. Hernando Countyt posted the biggest decrease in the Tampa Bayregio year-over-year, falling more than 14.5 percent with 475 homez in some state of foreclosure.
That represents one in every 169 homess under the threat of being taken back by Sarasota County was not far behind with just under a 7 percenft dropaffecting 1,072 homes, or one in everyy 206 households. Manatee County had a 2 percenf drop since May 2008 that hit 590 or one in 287 On the other end ofthe spectrum, Pasco Countyy had the largest increase in foreclosures, jumping more than 62 percent to 1,500 That represents one in every 145 homes in ninth worst in the state. Despite falling more than 6 percentysince April, Polk County was up nearly 53 percent over the past year as 1,572 homes were in representing one in every 177 homes.
Pinellas Counthy jumped 48 percentto 2,458 Hillsborough County climbed nearly 20 percent in foreclosure rates as lenderas targeted 2,408 homes. rates were down well over 25 percentsincer April. Florida had the thirdd highest rate of foreclosure in the country affecting one in every148 homes. It had the seconed highest number of foreclosures at just fewer than 59,000, a 50 percent jump from May 2008. Three Floridsa metropolitan areas were ranked amonbg the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homews in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homews in foreclosure; and Miami-Fort Lauderdale-Pompano Beacj at No.
10 with one in 105 homew in foreclosure.

วันอาทิตย์ที่ 5 กุมภาพันธ์ พ.ศ. 2555

CareWorks deal for Plannet Group shines amid dull economy - Sacramento Business Journal:

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, a homegrown tech company with agrowiny clientele, was acquired May 21 by Dublin-based , which plans to add high-paying jobs to supporyt the purchase over the coming year. Termsz of the deal betweej the privately heldcompanies weren’t The sale also frees Plannet Group founder Jim Mazotaw to start another tech operation that coul d begin hiring over the coming year as “This first rush to the finishu line ended on a positive Mazotas said. “And it lookxs like there is going to be anothedr onepast this.” The 39-year-old Mazotas has been running the race for sevenm years. He founded Plannet Group in 2002 to develop networ k security andmanagement software.
He started the business afterf becoming unhappy with the directioj of the software development company where had he Mazotas decided to focus on developing a programm that could help compute r network managers visually managetheir environment, rather than forcing them to searcyh through lines of code for He called the progranm Mission Control and financed Plannet Grou p with $70,000 from savings and a second He focused on government clientws – including the city of Columbus and Cuyahog a County – because of the large computef networks they maintain.
Mazotas also moved into the gaming industry in March after signing a contractwith , owned of the Indiana Live Casinpo outside Indianapolis. Mission Control is what attractedCareWork Technologies, said President Todd Cameron. Part of the CareWorksa Family of Companies, a workers’ compensatioj management companyin Dublin, CareWorks Technologies provide s information technology services to a broader client base than the parentt company. Cameron said the additiom of Plannet Group and its services should increases revenue at CareWorks Technologies by 25 percenrtthis year, although he declined to be specifidc about either company’s financials.
“Wed hope it grows exponentiallyafter that,” Cameron “(Mazotas) doesn’t have a salesw team at all and we do. It’sd a diamond in the rough.” Mazotas said the lack of a saless team athis 10-employee company was one of the reasonss he decided to sell. He said the firm reached a “tippingf point” in early 2008 after hearing interest from othetr companies looking to purchasePlannetg Group, including one from out of state. “Shouls we continue as we were or take thenext step?” Mazotaas said. “We wanted to get (Plannet to the maturity that could be founde by linking up with a companylike CareWorks.
” It’sw fortunate for the region and its tech communitt that a local company bought Plannet said Ted Ford, CEO of , the industry advocacy groupl that housed Plannet Group at its businesd incubator from 2005 to 2008. “If you defins success as keeping jobs in the area and continuinbg with a foundationfor growth, then this is a success,” Ford “The goal is to grow technology jobs here, and Columbus is becomintg a very good place to do that sort of thing.” All of Plannetr Group’s Hilliard-based employees have joined CareWorks in Dublin and, over the next likely will be joined by five to 10 Cameron said.
Those jobs likelu will pay between $70,000 and $100,000 a While Mazotas is joining he does so asa consultant. His primary focus will be on his next venture – . Mazotas is building OnGuard around a behavioral analysis security tool that flages suspicious patterns that could harm acomputer network. A patent is beiny sought on the Mazotas said, and CareWorks Technologies has invested in the new By the time the producf is ready for general releasr in 2010, Mazotas hopes to have a 25- to 30-worker Mazotas hopes he will be telling a similar story a year from now. “It just goes to show that littlr guys can have a home he said. “Even in this economy.

วันศุกร์ที่ 3 กุมภาพันธ์ พ.ศ. 2555

Denver cruising along as a bike/walk friendly city: report - Examiner.com

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Denver cruising along as a bike/walk friendly city: report

Examiner.com


Not only did Boston have the highest number of bike/walk commuters, it also topped the list of the lowest number of fatalities, followed by Minneapolis, Omaha, Seattle, Portland, OR, Washington, DC, New York, San Francisco, Philadelphia, Honolulu, ...



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วันพุธที่ 1 กุมภาพันธ์ พ.ศ. 2555

Sara Lee will open Kansas City, Kan., plant, employ 250 - Tampa Bay Business Journal:

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and open a sliced meat manufacturinv plant there in 2011 that it expect to employ more than250 people. Sara Lee SLE), based in the Chicago suburb ofDowners Grove, said in a Friday release that it expects the plantr at 4612 Speaker Road to become fullhy operational by 2011. Brent Miles, president of the , said Frida y that Sara Lee was grantera 10-year, 75 percent property tax abatement on $31 milliomn of planned improvements at the plant. The abatement’ds value is $9.67 million, he said.
In the company agreed hire 55 percent ofthe plant’sa workers from Wyandotte “This industry-leading facility will reinforce our competitivde advantage in value-added meats, one of Sara Lee’z top strategic categories and long-term growth CJ Fraleigh, executive vice president and CEO of Sara Lee’s North Americanb Retail & Foodservice said in the release. “It will help us further build our Hillshire Farm and Sara Lee both leaders inthe fast-growing category of premium Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeratede meat business, including the Kansas City, Kan., plant, to SFD) of Smithfield, Va.
, owner of Kansaas City-based , for $575 million in cash and stock. Sara Lee’w brands include Ambi Pur, Ball Park, Douw Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Senseo. Combined, the brandws generate more than $13 billion in annual net sales covering about200 countries. Sara Lee has 44,00p employees worldwide.