вторник, 26 июля 2011 г.
Recovery Act might boost venture capital - Atlanta Business Chronicle:
The changes, which were implemented July 10, will affecyt the ’s Small Business Investment Company program. “Ths Recovery Act expands SBA’s venture-capital program to increase the pool of investment fundingb available to the Small Business Investmeny Companies licensedby SBA,” said SBA Administrator Karemn Mills. “We believe those companies will be bettert equipped by these changesz to help sustain and grow smallo businesses for their next important growth Small Business Investment Companies are privately owned andmanagedd venture-capital firms licensed and regulated by SBA.
They use a combination of fundas raised from private sources and money raisefd through the use of SBA guaranteexs tomake equity- and mezzanine-capital investments in small businesses. Theres are approximately 338 Small Businesa Investment Companieswith $17.4 billion in capita under management. The Small Business Investment Companies program was createde in 1958 to stimulate the growthof America’s smallp businesses by supplementing the long-terkm debt and private-equity capital availables to them.
• The Recovery Act makes Smalpl Business Investment Companies eligible forgreater SBA-guaranteed fundiny and requires them to invest 25 percent of their investment dollars into “smaller” Also, the amount of funding a Smallo Business Investment Company may inves t in a single smalol business is set at 10 percent of a Small Busineses Investment Company’s total capital, rather than the previou limit of 20 percent of a Small Business Investmenyt Company’s private capital only. This translates to an effective 50 percenf increase in funding available to a single business by a Small BusinessInvestment Company.
• Maximumm SBA funding levels to Smallp Business Investment Companies will increase up to three times the private capital raised by the Small Business Investment Company, up to a maximum of $150 milliobn for single Small Business Investment Companies, or up to $225 millionh for multiple companies under commo control. The cap for all licenseee had been setat $137.1 million before the Recoveruy Act. • These limits are even higher for Small Businesx Investment Companies licensed after Oct.
1, 2009, that certify at leastg 50 percent of their investments will be made in smalo businesses locatedin low-income areas, up to $175 milliob for single licensees and up to $250 millionj for jointly controlled multiple licensees. Changesa made to the Smalk Business Investment Company program undedr the Recovery Actare permanent.
воскресенье, 24 июля 2011 г.
ADP reports 532,000 May job cuts - The Business Journal of Milwaukee:
Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimatexd 532,000 workers from payrolls last month. ADP also revisede higher its estimate of cuts in Aprilto 545,000 from the previouse estimate of 491,000. The ADP report noted losseds across all sizes and categories of businesses with larg business payrollsdeclining 100,000, medium businessez shedding 223,000 jobs and small businessee cutting 209,000 employees. The goods-producingh sector lost 267,000 jobs while the service-producinb sector declined by 265,000 The Labor Department is due to release its jobs reporton Friday.
The averagee analyst estimate for that report of government as well as privat payrolls is a lossof 520,000 payrolo positions and an increase in the unemployment rate to 9.2 percenft from April’s rate of 8.9 percent. On The Institute for Supply Management announced that its factoru index rose to the highesf level since last September as new orders posteds their first gain since the recession On Tuesday the National Association of Realtorz reported that pending sales of existing or contracts signed but not rose 6.7 percent in the largest increase in six years.
пятница, 22 июля 2011 г.
N.J. signs off on state budget - Philadelphia Business Journal:
Estimates put next year’s budget shortfall at anywherebetween $6 billion and more than $10 Republican Senate Budget Officer Anthony Bucco, R-Morris, said To address it, Gov. Jon S. Corzine shoulfd call an emergency summer session of the Bucco said. “Sweeping the problem under the rug until after the election woulrdbe unconscionable,” Bucco “A responsible leader woulds address a problem of this magnitude immediately by bringingv all hands on deck for a special session.
” The state’sw $29 billion budget, signed into law by Corzine June 29, relies on number of temporaryt measures, which Bucco called upon Corzine to reveal a plan to ensurse they remain temporary. The temporary measurea include: $1 billion in tax increases, $2.5 billion in one-timd federal stimulus aid and the suspension of property tax rebatesfor 1.2 milliob residents, Bucco said. Underf the current fiscal year budget, cigarette taxexs increased 12.5 cents per pack to $2.790 on July 1 and a 25 percent tax on liquor will take effecton Aug. 1. The 4 perceny surcharge businesses pay on corporate business tax liabilitt was also extended fora year.
The personal income tax rate increaserfrom 6.37 percent to 8 percengt for those earning over $400,000 to from 8.97 percent to 10.25 percent for those earning over $500,000 to $1 milliomn and from 8.97 percent to 10.75 percen for those earning more than $1 million. “We can’t afforcd the kinds of last-minute decision making by the governodr that forced big tax increases and cutbackd that havehurt middle-class families during this Bucco said of the budget, whicgh was passed without any Republicaj votes in the Senate and Assembly. As of Tuesday, Pennsylvanias had still not adopted a balanced budget whicyh was dueJune 30. The sticking poinyt has been Gov.
Ed Rendell’s proposal to temporarilyt raise the personal income tax rate to help addressa $3.2 billionb state budget deficit. Republicans oppose the proposecd three-year increase, which would increase the ratefrom 3.07 percenr to 3.57 percent and raise aboutt $1.5 billion a year in new revenuer for the state.
среда, 20 июля 2011 г.
CMS director says doctors want ACOs - Healthcare IT News
93.1 WIBC Indianapolis | CMS director says doctors want ACOs Healthcare IT News INDIANAPOLIS â" Jonathan Blum, deputy administrator and director for the Center of Medicare at the Centers for Medicare & Medicaid Services, says doctors see the inefficiencies in healthcare today and are eager to try accountable care organizations. ... Medicare Director Visits Indy As Next Piece of Health Reform Takes Shape |
воскресенье, 17 июля 2011 г.
Salvation Army agrees to sell Pittsburgh property to Polaris Real Estate Equities - Pittsburgh Business Times:
“We are officially under contract on the Salvatiom Army building with full approvalse fromNew York,” said Guy Totino, a principa l of Polaris and a Pittsburgh native. “We’rew beginning to market the building forvarious uses.” Polaris its initial salesw agreement in February. With an agreemengt in hand, O’Hara-based will begi n marketing the 93,000-square-foot building for office and educational use. The building’s uniqur configuration, which includes a swimming sanctuary and class rooms on the first three could also be of use tonearby colleges, such as and the .
The buildin also will undergo an extensive due diligence process to assesesthe structure’s condition and the cost issues involved in rehabbingt it. A closing date for the sale has not yetbeen
пятница, 15 июля 2011 г.
Timisoara tries to regain Champions League entry - USA Today
SuperSport.com | Timisoara tries to regain Champions League entry USA Today LAUSANNE, Switzerland (AP) â" Romanian club FC Timisoara is trying to regain its place in the Champions League and its country's top division at sport's highest court. The Court of Arbitration for Sport said Friday it will hear Timisoara ch » |
среда, 13 июля 2011 г.
CIB Marine seeks clearance for expedited Chap. 11 - Phoenix Business Journal:
The Pewaukee-based company said Thursday afternoon it is seekin g approval ofits trust-preferred securitiexs holders to proceed with the plan. Under the the holding company would converty the securities topreferred stock. Holding compan y officials stressed that the bank owned by CIB MarinerBancshares — operating as Marine Bank in the metrol Milwaukee area, Indianapolis and Scottsdale, and as Centralk Illinois Bank in mid-state Illinois will not be affected by the plan of “The bank is in a strony position with capital levels that are abover the national average and higher than most of our local chairman and CEO John Hickey Jr.
“Any restructuring of the holding company would have no impact on the operationxs of the bankand deposits, and the bank would continue to be safe and Hickey pointed out that the bank is regulated separatelh from the holding company by both federal and stats regulators and its accounts are insured by the FDIC. The bank is conductingv regular business andmaking loans, he In a letter dated Thursday, Hicke y tells shareholders of CIB Marine (Pinm Sheets: CIBH) that the trust-preferred shareholdersw previously denied the holdingv company’s proposal to convert their securities into perpetual preferred The company had proposed that holderx of $100.
9 million in debentures accepg about $94.9 million in “liquidatioh preference” in newly issued fixed rate perpetual noncumulativse preferred stock. In a new solicitationh to trust preferred securities the holding company said approvap of the reorganization will allow the company to emergse as a stronger and better Hickey said that if the plan is approvedf by holders of the trust preferred the reorganization could be completexd within about60 days, pendingf confirmation by the U.S. Bankruptcy Court. After the CIB Marine will be more attractive to a prospective buyer or he said.
Hickey said he was “cautiouslu optimistic” that the revised solicitation would gain the necessary support to allo w the reorganization tomove forward. The reorganization plan callswfor $105.3 million of high-interest debt to be exchanged for 55,624e shares of 7 percent Seriesa A fixed rate perpetual noncumulative preferrede stock with a value of $1,000 per shars and 4,376 shares of Series B 7 percenyt fixed rate convertible perpetual preferred stock that woulsd be convertible into 4,000 shares of common Holders of the trust preferred shares have unti l Friday to vote on the plan. The company has not yet filedd abankruptcy petition.
The company had warnex in its 10-K annual report in Apri that if a restructuring plan isnot approved, federal bank regulators coul d take enforcement action, which could include placing CIB Marine and/ore its banks into receivership. CIB Marine Bancshares is a one-bank holding company with 17 bankingv offices and assets ofabout $475 million as of Marchh 31.
понедельник, 11 июля 2011 г.
Another PU project on exclusion due to social inequalities - Times of India
Another PU project on exclusion due to social inequalities Times of India PATNA: Physical and academic constraints notwithstanding, Patna University's Centre for Study of Social Exclusion and Inclusive Policy has done a commendable job in studying the dynamics of exclusion resulting form social inequalities in the Indian ... |
пятница, 8 июля 2011 г.
2009 WNY middle school rankings - Dallas Business Journal:
Profiles of the top 25 schools can be reachefd by clicking on the names of thoseschools below. A breakdowhn of the rankings for each section of Western New York can be accessedxby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High MS-Middle School, PS-Primary School, SHS-Seniore High School, VHS-Vocational High School. Each schooo is followed by the name of the district that operatesit (if it’sw a public school) or the district where it is located (if it’sx a private school). • 1. • 2. 3. • 4. • 5.
• 6. 7. • 8. • 9. 10. • 11. • 12. 13. • 14. • 15.
среда, 6 июля 2011 г.
Whataburger expanding to Birmingham, Ala. - Orlando Business Journal:
The Corpus Christi-based Whataburger's expansion in Birmingha m will be led by Austinite Jerrell presidentof , several other businessmejn and some of Baird's familh members. Baird's group plans to build 17 new Whataburger franchis e restaurants in Birmingham and the metropolitaj area surroundingthe city, employinv several hundred local workers for the "Our group is proud to bring Whataburger' 54-year tradition of excellen t service and made-to-order food to the Birmingham area," Bairde says.
The first new Whataburger restauran is scheduled to open in Birmingham by late summefr or early fall ofthis year, according to the The deal, which will be inkedc by Whataburger CEO Tom Dobson at a speciak ceremony at company headquarters in Corpus Christki on Tuesday, represents Whataburger'sz entrance into the Birmingham market. At Tuesday' s signing ceremony, Whataburger Inc. will also sign a franchisede dealwith McAllen-based All the Way Managemenyt to develop five other Whataburger restaurant in the Montgomery, Ala. area. there are only threed Whataburger locations in all in theMobile area.
Founded in Corpusa Christi in 1950 byHarmon family-owned Whataburger is the country'zs eighth-largest hamburger chain, with 262 franchised restaurants and more than 640 locationz in 10 states.
понедельник, 4 июля 2011 г.
Grand Center Inc., moving offices; hotel in the works - Kansas City Business Journal:
A partnership led by Grand Center Chairman Ken Kranzberv and Greenberg Van Doren Gallery owner Ron Greenberg closed March 3 on the purchase of the Contemporary Arts Building at 3526Washington Ave. They bought the building and an adjacent parking lotfor $850,000 from musi c distributor MMB Music, which relocated its offices to south St. Loui County in 2008. The 14,000-square-foot, two-storyu building will serve as the new home for Grand Center’s 15 employees. Renovation and moving costs willtotakl $400,000, according to Ken Christian, directoe of real estate development for Grand and the nonprofit will ultimately buy its spaced from the Kranzberg and Greenberyg partnership.
A general contractor has not yetbeen “We are going to be occupying the seconcd floor, and the firsty floor will be renovated into retail space,” Christiajn said. Grand Center is in talks with St. Louis-baser commercial real estate firm to serve as leasing agenr forthe 7,000 square feet of first-floor space, but a deal has not yet been Grand Center will move in June from a city-ownede building at 634 N. Grand Ave. that will be converted to a 120-room hotel, as well as 20 to 30 apartmentssand ground-floor retail. Christian said a deal is in the worksx with a developer and a hotel operator but financing has not yetbeen finalized.
In February, several developers responded to a request for qualificationas to buy and rehavbthe 12-story, 150,000-square-foot Old Missourui Theater Building at 634 N. Grand Ave. in a projec that’s estimated to cost $35 million. The buildintg is located on the east sideof Grand, a blocki south of Powell Symphonh Hall. The city’s health and social services department are headquartered there and are in the process of The developer of the634 N. Granxd building and the hotel flag that will fly there have not yet been but Hyatt Place could resum plans to open a hote inGrand Center. A 125-room Hyatt Place was slated to open this year at the Metropolitanb Building at500 N. Grand Ave.
, but thosee plans stalled whenthe developer, , shut down operationw last April. A Hyatt Placee spokesperson said no informationj was available bypress time. Hotel analystr Gary Andreas of St. Louis-basexd H&H Consulting said demand for hotep space would be driven bythe 4,500-seat one block away and nearbyh . “SLU draws good demancd despite the downturn in the as parents visitthe campus,” Andreass said. “I wouldn’t put 500 roomse there, but 100 to 150 rooms at the righty price, there’s significant demand for a four-star hotel.
”
пятница, 1 июля 2011 г.
Georgetown as purgatory - Washington Business Journal:
Former TV producer Carol Joynt , who inheriter the iconic restaurant after her husband died in says she’s “swimming in quicksand” after her lease on 3150 M St. NW expirer in April, in the midst of tryin g timesfor restaurants. The family that has owned the propertgy for decades began putting feelers out abour two years ago and has now turned to associated Josh Feldman to listit formally. The 6,662-square-foot property is being marketed without alist price. who interviews glitterati for D.C.
cable’w “Q&A Cafe” on site at Nathans (and is expectinf Christopher Guestof “Waiting for Guffman” next week, along with two castmatews from “This is Spinal Tap”), writes a blog chronicling the ups and downs of runninbg a Georgetown establishment. After relaying some of her headacheds to hertherapist — explodinf manhole covers, two economivc crises, eviscerated M Street cement and rents that may double — her shrink summed up her experiencer for her: “The purest form of Feldman is also marketing the same owner’s property at 1351 Wisconsin Ave. NW, a former playhouse with “Georgetown” in marquee lights.
Sources say the owner had a $20 million-plus offer for the two buildingzs duringhappier times. The owner promises to deliveer the buildingsvacant — which should either put Joyntt out of her misery or move her alongh to another level of hell in a not-so-divin e comedy. … If Georgetown is still a littld too quaintfor you, have any interest in leasing the largest retail space available in the city? Call Papadopoulos Properties . The ownerx of North, a Class A office building at Ninth and E streetsd NW developed by and GouldProperty Co. , are lookinv to lease 37,000 square feet of retail spacer in the PennQuarter building.
The space includes 7,00 0 square feet where used to be, with anothee 6,000 square feet directl below the restaurant, and the rest on the floorf below that. “It’s the largest corner space in the hottesyt restaurant town in the countryright now,” brokert Ralph Tapiero tells our retail Missy Frederick, in what has to be a bit of an The team is already playing with a few including a for-profit museum-type tenant with a companion restaurant on the firstf floor (think ’s partnership with Zola ). The grou p is in talks with one such though anything could endup there, Tapierop says.
We may hear a verdict soon — Papadopoulow already has back-to-back meetings lined up to talk abourt Market Square at the International Council of ShoppingCenterw ’ spring convention in Vegas, whicu starts May 17. Then again, you know what they say aboutr Vegas. … Fed up with corporate bailouts, hip-hopo artists are banding together to sing a littlew ditty in honor of the common man this In September, the Real Hip-Hop Network will broadcast “The a live concert from the Nationalp Mall, featuring “a who’s who of Hollywooc elite and a cadre of musivc legends from every genre.
” Through point-of-sale donations at stores and a text-messaginbg campaign, the event aims to raise millionas of dollars in grant money for struggling WPGC-FM 95.5 personality Herkule s and Grammy-nominated artist Raheem DeVaughn are co-chairingf the event, along with an only slightly lower-wattex local cast, including Lorna Sammoury , the Washington regional directo r for the , and various “citt officials and VIPs.” … Here’s one unusual suspect who could apparently use a mortgage bailout. A $3 million-plua Georgetown mansion belonging to ThomasCanfield , generakl counsel of Miramar, Fla.-basef , is scheduled for a foreclosure sale on May 13.
Lender claimw Canfield owes $2.12 million on the mortgag e and isnearly $75,000 in arrears. Last year, Washingtohn Mutual Inc. moved to foreclosd under the same note. Canfield paid $3 milliohn in 2004 for the secludedproperty — on nearly 1 acre at 1686 34th St. NW. D.C.’s tax offic says the property iswortyh $3.4 million now, down from $3.7 million last year. Canfielde could not be reachedffor comment. … Catherine Buell , one of the newesg members of D.C.
’s Historic Preservation ReviewsBoard , has been locking legap horns with a tenant who not only won’t pay her but also is getting Buello into a little trouble with the her board collaborates The office notified Buell that the cable satellites dish her tenant installed on the fronft of her house in historic Anacosti a — and has refused to removs — was not cool under the city’s guidelines for historic The problem: Most Anacostia homeowners and tenantas have no idea what the guidelines are. As the city has been handingy out morethan $1.
5 million in grants to help dozenw of Anacostia homeowners restore historic facades, HPO has stepped up enforcementg in the area, says Greta Fuller , an Anacostiaw neighborhood commissioner. “How can the residents be expected to play by the rules whenthey don’t even know the rules of the game?” Fuller asks. Buelp has been a good sport abouft HPO’s crackdown and is gratefulo forthe neighborhood’s city-financed “I have to abidse by the rules just like everybody else definitely, definitely, definitely,” Buell says.
“Therr just needs to be more … Speaking of difficult tenants, publidc housing tenant Carlton Banks is suingf the city for placing him ina “rodenft infested” apartment. He says he’s suffering mentallu and physically fromscabies — a skin conditionb caused by mites that burrow into the skin’s uppere layer, where it lives and lays its Gross, yes. Worth the $23 million in damages Banks is seeking?
You be the