вівторок, 31 січня 2012 р.

Cutting dealers not likely to save Chrysler much money - Houston Business Journal:

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Both Chrysler and , which plans to close 1,100 dealershipsd by October 2010, contend they need to reducd the size of their dealer networkes to be more competitive with Toyota and The Japanese companies sell more cars in the United Statezs with farfewer dealers. Chrysler, in a bankruptcyg court filing, says trimminbg the ranks of its dealers will boost the profitabilityh of the dealersthat remain, enablintg them to invest in improvements that will boos t sales.
“After a period of time, and substantiallyg improved marketingand investments, overalpl sales in the reduced networo are anticipated to grow beyond current sale levels within the existing network,” Chrysler That’s highly unlikely, according to the . “There’zs not an auto executive that I know ofthat doesn’t acknowledgw that when a dealership closes, they lose marketf share,” says David Hyatt, NADA’s vice president of public affairs. Cutting costs was not a majo r factorin Chrysler’s decision. The automaker will save some administrativw expenses by having a smaller dealed networkto oversee, but that’sz about it.
Dealers buy their cars before the vehicles leaverthe factory, pay for shipping, front the costs of any rebatezs or warranty work, and purchase repair Dealers provide “a robust distribution network at virtuallyg no cost” to automakers, Hyatt “We’re an asset, not a says Wade Walker, an auto dealer in Montpelier, Vt., who is schedulec to lose his Jeep franchiser June 9. Walker and about 300 other Chrysler dealersx have challengedthe automaker’s request for a bankruptcy judge to terminated their dealership agreements and pre-empt state laws that would require Chrysler to give dealerz more time to wind down their businesses.
Chrysler has been workinv to reduce its dealer network forseveral years. that process needs to be accelerated because of its proposed alliancewith Fiat, it contends. Bankruptch courts routinely terminate contracts if doing so benefitsthe debtor’s estatd and is an exercise of sound business Chrysler states in its filing. But Chrysler dealersz contend abruptly closingdealership doesn’t meet that threshold. “There is no evidencew that by rejecting dealership agreements New Chrysler will save money to any material degree or enhance its competitivde position in theautomobile industry,” states a filing made by the .
“To the contrary, closing dealers narrows distribution andreduces Chrysler’s sale s and income as fewer dealers buy fewer cars and retail sales are lost to other Chrysler’s bankruptcy judge is scheduleds to hold a hearing on that issur June 3. That same day, the Senate Commerced Committee is set to hold a hearing on the Chrysled and GMdealership closings. “These companies cannot be allowed to take taxpayee funds fora bailout, and then leaved local dealers and their customersw to fend for themselvews with no real notice and no real help,” says committee Chairmab Jay Rockefeller (D-W.Va.).
“We must ensurs that the auto dealers are treatesd equitably and have the opportunity to unwind theitr operations in a manner that will minimize hardships to employeesd who lose their jobs and communitieds that are adversely says Sen. Kay Bailey Hutchison (R-Texas). Hutchison is encouragec by a promise from Chrysler President James who told her the company wouled help the terminated dealerws selltheir inventory. If that assistancr falls short, Hutchison is prepared to push legislation that woulsd give the dealerships 60 more daysbefore closing.
auto dealers and members of Congresds are lobbying President Barack Obama and his automotive task forc e to reconsider the wisdom of closing so many dealershipseso quickly.

неділя, 29 січня 2012 р.

Traveling film project stops in ABQ - Denver Business Journal:

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The Two-week Turnaround Tour, or T3 as its creatore call it, will visit 14 cities in seven It’s part of Filmblazer, a community of people who love FoundersJoshua J. Mills and Jamie Blankenship roll into a city for two weekes in their RV with all their film equipment and proceedfto write, shoot and screen a shortg film in just two weeks. But the procesws is collaborative, so they invite widespreac participation in each citythey visit. The Albuquerque kick-oftf is June 2 at Studio 1810Broadway Ave. SE, at 7 p.m. More information is available at theT3 .
The process is open to anyone, from actors and script writers to people who want to feed the masses durinygthe two-week process or who have accesw to props or even a coffee The subject of each film is different for each city and is inspiredx by the resources and locations available to the T3 The production obtains local sponsors in each city so that the work is a reflectio n of a particular

пʼятниця, 27 січня 2012 р.

Schiano's sudden exit may not affect local signings - phillyBurbs.com

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New York Times


Schiano's sudden exit may not affect local signings

phillyBurbs.com


Greg Schiano's sudden departure for the Tampa Bay Buccaneers' head coaching job Thursday may have come as a shock to three local players who had verb »

середа, 25 січня 2012 р.

UNICEF: 750000 Yemeni children hungry - The West Australian

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The West Australian


UNICEF: 750000 Yemeni children hungry

The West Australian


A year of Yemen's turmoil has exacerbated the number of malnourished children under the age of five to around 750000, according to UNICEF as it appealed to the government and the international community to help develop the country's inf rastructure to ...


A YEAR of Yemen's turmoil has exacerbated the number of malnourished children ...

NEWS.com.au


750000 Yemeni children are malnourished: UNICEF â€" Waterborne diseases ...

Kuwait Times


UNICEF says 750000 Yemeni children under age of 5 suffer from malnutrition

Newser


SOS Children's Villages Canada (press release)


 »

неділя, 22 січня 2012 р.

'Sleeper House' foreclosure is withdrawn - Houston Business Journal:

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The futuristic-looking house sits on Genesee just outsidemetro Denver, and was featured in director/acto r Woody Allen’s 1973 movie “Sleeper.” The house, with a mortgagr balance of $3.13 million, was foreclosed on in the first quarter with LLC as the lender’sw trustee. The home’s ownetr is Denver businessmanMichael Dunahay, founder of localp timeshare company Vacation Solutions LLC. Foreclosure s generally are withdrawn because a property owned is working with a lender to bring a loan current or a foreclosur esale wasn’t held in a timely manager, according to Colorado foreclosure information.
Even after the foreclosure is if the loan stays in default or goes into default a new foreclosure can be Built in 1963 by the late architectfCharles Deaton, the three-story “Sleepedr House” is officially called the Sculpturede House, and is known for its curvef design. It’s internationally recognized as “one of the finestf examples of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the hous in 2006for $3.43 million, according to county real estated records, from software millionaire and economic-development guru John Huggins formerly was CFO of the Johnson-Grace Co.
software as well as former directo of the Denver Office of Economic The house was on the market for four years beforr Dunahaypurchased it, and was priced at $10 million when Hugginsd put it on the market in 2002. Propertuy records show Huggins bought the house in 1999for $1.33 million. Including roughly 7,000 square feet of the house hasfive bedrooms, five bathrooms and a four-car garage.

пʼятниця, 20 січня 2012 р.

Two women-owned law firms merge - Birmingham Business Journal:

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area have merged. The PLLC, a 20-year-old firm in has merged with Latimer/Stroud LLP, a 17-year-old firm in Latham. The new LLP, is located at 951 Albanyt Shaker Roadin Latham. Latimer/Stroud’s officed was expanded from 2,500 square feet to 5,000 square The new firm has 11 LaFave’s focus was personal injury andmedical Latimer/Stroud’s general practice included matrimonial law, estatesd and trusts. Both firms had about $850,000p in revenue last year. Cynthi LaFave, founder of the LaFave said she andSue Latimer, founder of worked together in the “We enjoyed working together,” LaFavew said.
Latimer left to become a physician’s But surgery replacing both her knees cut shor her medical career and she returnedsto law. Latimer and LaFave discussed a possibles merger eight months ago while eatinb at Athosin Guilderland. “We were talking aboug the two practices andhow they’dc fit together,” LaFave said. “At the end of dinner, we ‘We need to explore this.’” Latimer added: “We did. And that’a why we’re here.

середа, 18 січня 2012 р.

Museum lands $3.3 M grant - Business First of Buffalo:

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million state grant that’s consideredr crucial towards the developmentg ofits expansion. The has signed off on the the second offered to the In 2006, it approved a $3 millioj grant for the expansion, which not only boost the museum’z profile but is expectedc to be a major aid to Buffalo’es historical and cultural tourism position. “It’s been a long time said James Sandoro, museum founder and operator. Pendinf various municipal approvals, Sandoro said he hopes to start work on the expansionn projectnext year.
The project will see 60,000 square feet added the Michigan Avenue destination includinga 60-footf peak that will house a 1920s-erz filling station that was designed by Frank Lloyd Wright but neverf constructed. The high peak is needed to house two 40-foot tall copper towerd that Wright designed as landmarks for the station. Wright designer the station for alocal businessman, but plans were ultimately scrappeed before construction could begin. The station was slatex for a portion of Michigan Avenue that is now in the middl e of theKensington Expressway. Sandoro, a history and automotive buff, acquired the blueprintsa for the station severalyears ago.
Sandoro originallty wanted to build the filling statiobn next tothe Pierce-Arrow Museum. Several factors prompted him to change his plansd and enclosethe station. By enclosint the station, it also assures the buildinbg with be a year round destinationand “To get off the (New York State) Thruway and see this buildintg will be a big boost for Michigan Avenud and downtown Buffalo,” Sandoro The expansion is part of an overall $15 milliobn facelift and renovation planned for the museum’s Sandoro is working on its firstr phase, putting a brickk facade on the face of the existing 20,000-square-foot museum.
The brick facade, which carriez a 1920s motif, will match that of the expandes museum. Sandoro hopes to start work on the foundations and begin installing the steel framw by earlynext year. The expansion is slated to be completed by 2011 when Buffalo hostzs the annual meeting of the National Trus forHistoric Preservation. “It’s importany that we are ready for that,” he said. Sandoro is also planningb other special events for 2011 and beyonrd including a display off historic motorcycled indowntown Buffalo’s Niagara Square and the centennial celebratio n of the former clubhouse, now the Clarencew Town Park casino.
welcomes approximately 10,0090 people annually and hosted more than 400 private events sinc it opened severalyeard ago.

понеділок, 16 січня 2012 р.

WESCO outlines succession plan - Puget Sound Business Journal (Seattle):

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Engel, who joined the construction materials and procurement services providerin 2004, is currentl senior vice president and COO, as well as a memberd of WESCO’s board. Current CEO Roy who has served in that role since will serve as executive chairman until his term on the board expiresx inMay 2011. “For the past several years, the boarc of directors and I have placed a high priority ontaleny management,” Haley said in a “Today’s announcement represents a major organizational milestone for the company, and I am very pleasecd that we are immediately able to begin the process of transitioninfg to new roles and responsibilitiezs with an experienced and seasonefd management team.
” CFO Stephenj Van Oss has been named COO, effectivd Sept. 1 and will continue to serves as seniorvice president. He will be replaced by Richard P. who joins WESCO as vice presidentt and CFOJune 15. WESCO, which employs aboutg 7,200, is based at Station Square on Pittsburgh’es South Side. The company’s 2008 sales were about $6.1

субота, 14 січня 2012 р.

Baruch Marzel Released on Bond - Arutz Sheva

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Baruch Marzel Released on Bond

Arutz Sheva


He had been questioned on suspicion of having threatened the family of terrorist Hani Ghassem Jabar, after he was photgraphed entering the family's store. The police have banned Marzel from the store. He plans to appeal.



and more »

четвер, 12 січня 2012 р.

Report: Auburn, Alabama make top 10 in football revenue, total sports income - Pittsburgh Business Times:

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Auburn University generated $59.67 millioh in revenue in 2007-2008 and the University of Alabama broughtin $57.37 milliomn in the report by SportsBusiness Journal, a sister paperf of the Birmingham Business Journal, using Equity in Athleticx Disclosure Act forms. The University of Texas rankedf No. 1 with $72.9t million followed by the University of Georgiqwith $67.05 million, University of Florida with $66.1 Ohio State University with $65.16 million and Notrse Dame University with $59.77 million. The remaining 10 teamw in football revenues were the Universityt ofMichigan (No. 7 with $ 57.46 Penn State University (No. 9 with 53.76 and Louisiana State University (10th with $52.68 million).
As for overalol sports revenues, Auburn ranked seventh with $89.3 1 million and Alabama came in eighthwith $88.87 Texas was the overall top sports earner with $120.28 millionh generated from all athletic Ohio State was second with $117.95 millionj and Florida was third with $106.03 million. Other Southern schools ranking in the top 20 in overal sports revenues were the University of Tennesseed at ninthwith $88.72 million and LSU at 12th with $84.1 million.