hihozeima.blogspot.com
The Tampa market, which has been home to the teamsinced 1992, exhibits five of 10 possible danger signw that could affect its existence according to a study conducted by sisterf publication Business First of Buffalo . Many of the teames that could be in danger if the was to ever to considetr contracting arein non-traditional hockey marketsd such as the south and the areas the NHL has expanded to in recent “Before doing any study — just putting in my two centa — I would have said it has been a disaster,” Ted president and chief executive officer of in said.
“Now, after doing the study, putting the numbers I can say it has been a There are a number of areas plaguingthe Lightning, the study including the placement of potential fans’ personal income as well as 2008-09 attendance in the bottom one-third of the entire NHL. The Lightning’w venue, , was below 90 perceny capacity on average during the most recent season, while the financial value of the as estimated by , has dropped at leas t 50 percent below the NHL medianj during the past year. Of the Lightning’s other big problem is its location soutgh of the 38th considered the southern border of the traditionaklhockey market.
Other teamds on the list are scattered throughout areasa withwarmer climates, led by the , which exhibit eighf of the 10 danger signs includinfg low franchise value, low net income and competition with the . in Miamui are right behind with most of the same issueszas Phoenix, followed by the and the . The only northernh team to be listed among the top five threatened teams isthe , which is generall y suffering from a region with lower populatioh and lower income for its residents. “This is not a happhy thing by any stretch,” Rechtshaffebn said. “Buffalo is a great hockey market. Therre are lots of hockey fans there.
The problem is, those hockeyy fans don’t have enough money to spend on tickets.” The NHL has not made any indicatioj that it would contrac from30 teams, however of the four majord professional sports leagues in the Unitec States, the NHL has the smallest fan base and the lowesg level of television revenue packages. The leagu remains extremely popular in Canada where six of the 30 teamszare based. Plus, hockey fans are consideredd to be more affluent than the other according to a 2004 study bythe . “A a business, I think the NHL needs to Rechtshaffen said.
“But if the possibilityt remains of moving teams and generatingmore money, the NHL obviouslh would prefer to move them.”
Tuesday, May 31, 2011
Sunday, May 29, 2011
Kannapolis honored for economic strategy - Portland Business Journal:
kleopatraxnibe.blogspot.com
The city received the award in the categoryh of Excellence in EconomicDiversification Strategies, which recognizes responsez to plant closures and other economic dislocations, that promotr economic diversification. The competitionb is open to nonprofits; state and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textilw manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsa later, California billionaire David Murdocki announced plans forthe N.C. Researcb Campus at the 350-acre former Pillowtexz headquarters andmanufacturing site. The life-sciencezs hub includes the participation of Duke theUNC System, the N.C.
Community College other educational institutions andbusiness partners. The total investmenr is expected toreach $1.8 billion. Residential and commercialo developments are rising around the campuse with hopes ofturning Kannapolis, a former textil town, into a biotech center.
The city received the award in the categoryh of Excellence in EconomicDiversification Strategies, which recognizes responsez to plant closures and other economic dislocations, that promotr economic diversification. The competitionb is open to nonprofits; state and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textilw manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsa later, California billionaire David Murdocki announced plans forthe N.C. Researcb Campus at the 350-acre former Pillowtexz headquarters andmanufacturing site. The life-sciencezs hub includes the participation of Duke theUNC System, the N.C.
Community College other educational institutions andbusiness partners. The total investmenr is expected toreach $1.8 billion. Residential and commercialo developments are rising around the campuse with hopes ofturning Kannapolis, a former textil town, into a biotech center.
Thursday, May 26, 2011
Treasury lets 10 banks repay $68B - Business Courier of Cincinnati:
ihituvofy.wordpress.com
According to MarketWatch, and are not amon them. The department says the institutions, whichn it did not name, have met the requirementse for repayment established by federal banking It says many banks recentlyy have raised equity capital from private investorxs and haveissued long-term debt that is not guaranteedf by the government. “These repayments are an encouragint sign offinancial repair, but we still have work to Treasury Secretary Tim Geithner says. Accordint to MarketWatch, the banks permitted to pay back the fundws are JPMorganChase & Co., Goldman Sachxs Group Inc., Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp.
, Capital One Financia Corp. and Northern Trust. More than 600 bankas received a total ofnearly $200 billionh through the department’s Troubled Asset Reliedf Program. About $2 billion of that money was paidback Charlotte-based BofA (NYSE:BAC) received a totall of $45 billion through the San Francisco-based Wells Fargo (NYSE:WFC), which acquired of Charlotte late last year, got $25 billion from the TARP which is designed to thaw the credit markets and boost the economy. Under the banks retiring their preferred stock can repurchase the warrants held by theTreasury Department. Besidexs the proceeds from the sales ofthe warrants, the department also has received $4.
5 billion in dividenf payments from program participants. Proceeds from the repaymentws will go to theTreasury Department’s general fund. The funds can be used to reduc e the national debt and can serve as a cushion in case the departmenft needs to respond to financial emergenciee inthe future, the department says.
According to MarketWatch, and are not amon them. The department says the institutions, whichn it did not name, have met the requirementse for repayment established by federal banking It says many banks recentlyy have raised equity capital from private investorxs and haveissued long-term debt that is not guaranteedf by the government. “These repayments are an encouragint sign offinancial repair, but we still have work to Treasury Secretary Tim Geithner says. Accordint to MarketWatch, the banks permitted to pay back the fundws are JPMorganChase & Co., Goldman Sachxs Group Inc., Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp.
, Capital One Financia Corp. and Northern Trust. More than 600 bankas received a total ofnearly $200 billionh through the department’s Troubled Asset Reliedf Program. About $2 billion of that money was paidback Charlotte-based BofA (NYSE:BAC) received a totall of $45 billion through the San Francisco-based Wells Fargo (NYSE:WFC), which acquired of Charlotte late last year, got $25 billion from the TARP which is designed to thaw the credit markets and boost the economy. Under the banks retiring their preferred stock can repurchase the warrants held by theTreasury Department. Besidexs the proceeds from the sales ofthe warrants, the department also has received $4.
5 billion in dividenf payments from program participants. Proceeds from the repaymentws will go to theTreasury Department’s general fund. The funds can be used to reduc e the national debt and can serve as a cushion in case the departmenft needs to respond to financial emergenciee inthe future, the department says.
Tuesday, May 24, 2011
Customer service persuaded this business owner to act - bizjournals:
cedar siding
It was September 2004. In the hearrt of one of the heaviestr hurricane seasons that rattled the insurance industrhy in Florida foryears afterward, Flowers and her husband Jessew Lown, had just closesd on a building for their new commercial upholsteryh and interior decorating business, “We waiter several weeks because no one was writinbg policies,” said Flowers Lown, the company Though she talked to many she said was the only insurer that said it could provide coverage within a few weeks, whicj allowed the couple to close on theidr building. It was the reliability and responss that were the most important to Flowers Lown when finding insurance for hersmalol business.
The professional relationship with aNationwide , also played a key role in her keeping the same insurancw for the following years as A Cut Aboves Interiors grew. “If I have a question, I can call right now and I don’t get a 1-800 number, I get a live she said. As a small-business Flowers Lown said she used to dislike the thoughof insurance, but finding a company that was willinbg to educate a business ownerd was very helpful. In additiojn to the liability and property insurance that a businessownert needs, health care insurance was a large challengwe for Flowers Lown. “It is very hard for a small-businesds owner to get affordable healthcare coverage,” she said.
Flowers Lown eventuallyy switchedthe business’s health care insurance to Aetnaa from COBRA Continuation Health During that switch, Flowers Lown said she received a numberd of quotes, but it was one independent agent, Garland Hudson from , who came to her office and educated her on the coveragwe that led to the During difficult times or when businessx is slow, it can seem easiet to cut insurance to reduce expenses, but Flowers Lown has nevee considered it.
As someone who is contracted for upholsterhy projects for everything from businesses and individuals to the city of Flowers Lown said she not only requirees her business to have full but every subcontractor she hires must have their ownliabilithy coverage. To become a small-business owner, “you’re giving up benefit in working for a big she said. “On the other you don’t want to spend life with a companyyou don’f enjoy just because of the benefits. It’s a leap of faith and the determinationb that I can find the right coverages on all of this and pursue my dreams.
”
It was September 2004. In the hearrt of one of the heaviestr hurricane seasons that rattled the insurance industrhy in Florida foryears afterward, Flowers and her husband Jessew Lown, had just closesd on a building for their new commercial upholsteryh and interior decorating business, “We waiter several weeks because no one was writinbg policies,” said Flowers Lown, the company Though she talked to many she said was the only insurer that said it could provide coverage within a few weeks, whicj allowed the couple to close on theidr building. It was the reliability and responss that were the most important to Flowers Lown when finding insurance for hersmalol business.
The professional relationship with aNationwide , also played a key role in her keeping the same insurancw for the following years as A Cut Aboves Interiors grew. “If I have a question, I can call right now and I don’t get a 1-800 number, I get a live she said. As a small-business Flowers Lown said she used to dislike the thoughof insurance, but finding a company that was willinbg to educate a business ownerd was very helpful. In additiojn to the liability and property insurance that a businessownert needs, health care insurance was a large challengwe for Flowers Lown. “It is very hard for a small-businesds owner to get affordable healthcare coverage,” she said.
Flowers Lown eventuallyy switchedthe business’s health care insurance to Aetnaa from COBRA Continuation Health During that switch, Flowers Lown said she received a numberd of quotes, but it was one independent agent, Garland Hudson from , who came to her office and educated her on the coveragwe that led to the During difficult times or when businessx is slow, it can seem easiet to cut insurance to reduce expenses, but Flowers Lown has nevee considered it.
As someone who is contracted for upholsterhy projects for everything from businesses and individuals to the city of Flowers Lown said she not only requirees her business to have full but every subcontractor she hires must have their ownliabilithy coverage. To become a small-business owner, “you’re giving up benefit in working for a big she said. “On the other you don’t want to spend life with a companyyou don’f enjoy just because of the benefits. It’s a leap of faith and the determinationb that I can find the right coverages on all of this and pursue my dreams.
”
Sunday, May 22, 2011
Home loan bank CEO optimistic - Business First of Louisville:
http://srapplications.com/personal/ten-minute-organizing.htm
But Dorfman, who becamwe president and CEO of the Federal Home Loan Bank of Atlantas onJune 20, says he's optimistidc about the residential market and the bank'ds long-term viability. The Federal Home Loan Bank of Atlantw last yearissued $144 billiob to 1,200 member banks in seven Southeastern A federally chartered bank for it provides short-term cash to financiall institutions making home loans. Dorfman, a native New Yorker and 30-year veteran of mortgage finance businesses atand , said he objectsa to lenders and investors currently tryingf to avoid making bad loans above all "If you're in the risk-avoidance business, you'll have no he said.
From his new vantage point, Dorfmah said, he sees an opportunity in the mortgage markey for the local home loan bank to continuedto thrive, and provide cash to banksz looking to make home "We see the current difficulties in the market as an opportunitu to serve our members, our investors and the Dorfman said. He said the market, in his improperly reacted to recent news of rising home loandefault worries, and an increasing anxiety aboug an ailing mortgage industry plaguing the broade economy. "The markets have shown extreme volatility, with an inability or unwillingness to distinguish grades of he said. "It's had massive amounts of cash pullec out, with little put back in.
" In its latest quarterl y report, FHLBank Atlanta noted that its members had additiona cash needs during the second causing a dip inthe bank's overall Despite the turmoil nationally and internationallyt during the past few he said business is beginning to return to normak for the bank's membersz and investors. "It's a rough time, but we'rwe seeing signs in the markety of a more normal flow of Dorfman said. Long-term, Dorfman he views his job as managing the existing organizatioin place, rather than tryinvg to institute wholesale changes.
FHLBank Atlanta is regarded as the most innovatived homeloan bank, said Dan Immergluck, a Georgia Tech associatse professor of city and regional planning. "They have a nationao reputation for pushingthe envelope," he said. "Not from a risk or soundnesws standpoint. They're about innovation." The biggest changde under Dorfman's brief tenure, so far, has been the appointmentf of Steven Goldstein asFHLBank Atlanta' chief financial officer. Dorfman has big shoes to replacingthe bank's former high-profile CEO, Raymond Christman, who retiref in January.
Christman led the bank since during which time he triplexd its sizefrom $50 billion to $144 billionj in assets, and boosted the bank'sz payments to affordable housinyg projects. Industry observers noted the Federal Home Loan Banksw are playing an increasingly important role in keeping the mortgag industry from grinding to a halt as investors pull back from buying mortgages packagedas securities. "Today's headlines are underlyinfg their importance," said Dave Ledford, staff vice president of housin finance at the National Association of Home FHLBank Atlanta is one of 12 Federal Home LoanBankz nationwide.
Federally created, like Fannie Mae and Freddie Mac, the home loan bankz were established during the Depressiob to keep cash flowing to banks and otherfinanciall institutions, like credit unions, looking to make
But Dorfman, who becamwe president and CEO of the Federal Home Loan Bank of Atlantas onJune 20, says he's optimistidc about the residential market and the bank'ds long-term viability. The Federal Home Loan Bank of Atlantw last yearissued $144 billiob to 1,200 member banks in seven Southeastern A federally chartered bank for it provides short-term cash to financiall institutions making home loans. Dorfman, a native New Yorker and 30-year veteran of mortgage finance businesses atand , said he objectsa to lenders and investors currently tryingf to avoid making bad loans above all "If you're in the risk-avoidance business, you'll have no he said.
From his new vantage point, Dorfmah said, he sees an opportunity in the mortgage markey for the local home loan bank to continuedto thrive, and provide cash to banksz looking to make home "We see the current difficulties in the market as an opportunitu to serve our members, our investors and the Dorfman said. He said the market, in his improperly reacted to recent news of rising home loandefault worries, and an increasing anxiety aboug an ailing mortgage industry plaguing the broade economy. "The markets have shown extreme volatility, with an inability or unwillingness to distinguish grades of he said. "It's had massive amounts of cash pullec out, with little put back in.
" In its latest quarterl y report, FHLBank Atlanta noted that its members had additiona cash needs during the second causing a dip inthe bank's overall Despite the turmoil nationally and internationallyt during the past few he said business is beginning to return to normak for the bank's membersz and investors. "It's a rough time, but we'rwe seeing signs in the markety of a more normal flow of Dorfman said. Long-term, Dorfman he views his job as managing the existing organizatioin place, rather than tryinvg to institute wholesale changes.
FHLBank Atlanta is regarded as the most innovatived homeloan bank, said Dan Immergluck, a Georgia Tech associatse professor of city and regional planning. "They have a nationao reputation for pushingthe envelope," he said. "Not from a risk or soundnesws standpoint. They're about innovation." The biggest changde under Dorfman's brief tenure, so far, has been the appointmentf of Steven Goldstein asFHLBank Atlanta' chief financial officer. Dorfman has big shoes to replacingthe bank's former high-profile CEO, Raymond Christman, who retiref in January.
Christman led the bank since during which time he triplexd its sizefrom $50 billion to $144 billionj in assets, and boosted the bank'sz payments to affordable housinyg projects. Industry observers noted the Federal Home Loan Banksw are playing an increasingly important role in keeping the mortgag industry from grinding to a halt as investors pull back from buying mortgages packagedas securities. "Today's headlines are underlyinfg their importance," said Dave Ledford, staff vice president of housin finance at the National Association of Home FHLBank Atlanta is one of 12 Federal Home LoanBankz nationwide.
Federally created, like Fannie Mae and Freddie Mac, the home loan bankz were established during the Depressiob to keep cash flowing to banks and otherfinanciall institutions, like credit unions, looking to make
Thursday, May 19, 2011
Iowa City evacuation ends after powder scare - Chicago Tribune
sucujovide.wordpress.com
KCRG | Iowa City evacuation ends after powder scare Chicago Tribune AP Police say an evacuation is over at an office building in downtown Iowa City after a law firm received a piece of mail that contained a white powdery substance. Officials say the evacuation ended about 4 pm Thursday. No injuries were reported. ... White powder deemed ! harmless at downtown Iowa City office building Iowa City building evacuated Hazmat responds to location in Iowa City |
Tuesday, May 17, 2011
J. Jill to close one Jacksonville store - Puget Sound Business Journal (Seattle):
yfimuna.wordpress.com
Nine of the 75 storews to be closed are in including the one in TheAvenuees mall. A second Jacksonville J. Jill location at the St. Johnss Town Center will remain open. In a statemenrt announcing the sale, Talbots President and CEO Trudy Sullivah saidit “enables us to focus our resources and attention exclusively on rejuvenatingh our core Talbots bran and return to profitable The transaction includes the transfet of certain assets and liabilitiezs to the buyer, including a distribution centetr in New Hampshire, the sublease of a portio n of the Quincy, Mass., headquarters and substantiallh all of the brand’s intellectual property and inventories.
The remaining 204 storea will continue to operatse underthe J. Jill brand. The headquarteres for the company will remainin Quincy. The J. Jill sale is expecte d to be completed in the second quarter and is subjecyt to postclosing adjustments. San Francisco based-Golden Gate Capitaol acquired Jacksonville-based Venus in 2006. The acquisition was Golde Gate’s 11th in two years. Last month Venus announced that all 290 employeeas were in jeopardy of losing their jobs when the swimweaer and ladies apparel company lost its With its latest catalog recentlybeing released, Venuss employees are still working, at leasyt for now, and company executives are lookinvg for a new buyer to acquird the company.
Nine of the 75 storews to be closed are in including the one in TheAvenuees mall. A second Jacksonville J. Jill location at the St. Johnss Town Center will remain open. In a statemenrt announcing the sale, Talbots President and CEO Trudy Sullivah saidit “enables us to focus our resources and attention exclusively on rejuvenatingh our core Talbots bran and return to profitable The transaction includes the transfet of certain assets and liabilitiezs to the buyer, including a distribution centetr in New Hampshire, the sublease of a portio n of the Quincy, Mass., headquarters and substantiallh all of the brand’s intellectual property and inventories.
The remaining 204 storea will continue to operatse underthe J. Jill brand. The headquarteres for the company will remainin Quincy. The J. Jill sale is expecte d to be completed in the second quarter and is subjecyt to postclosing adjustments. San Francisco based-Golden Gate Capitaol acquired Jacksonville-based Venus in 2006. The acquisition was Golde Gate’s 11th in two years. Last month Venus announced that all 290 employeeas were in jeopardy of losing their jobs when the swimweaer and ladies apparel company lost its With its latest catalog recentlybeing released, Venuss employees are still working, at leasyt for now, and company executives are lookinvg for a new buyer to acquird the company.
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