пʼятниця, 30 березня 2012 р.
Survey: Retail theft on the rise - Atlanta Business Chronicle:
For the first time in six there’s been a real increase in the rate ofretaikl theft, according to a survey conducteed by the with a funding grant from . "Thiz year, both the dollar loss and rate of loss increaserd and the evidence shows that the economy and resultin cutbacks in staffing by retailers are creatiny an opportunistic environment for both individualk shoplifters and organizedretail criminals," said U of F criminologist Richard who directed the survey. In 2007, the lowest rate of retaip theft inthe 18-year history of the surve was reported at a rate of 1.44 perceny of overall retail sales. Last year, that rate rose to 1.
52 percent of sales translating into lossesof $36.5 billion. Hollinge r notes the numbers are fromlast year, and don’ty reflect retail theft rates for the first part of this year when the recessionn was even worse. Employee theft comprises the larges t portion ofthe losses, whicn totaled $15.9 billion, or almost half of losses (44 Shoplifting accounted for $12.7 billion (35 of losses. Other losses includes administrativeerror ($5.4 billion and 15 percent of and vendor fraud ($1.
4 billion and 4 percent of
середа, 28 березня 2012 р.
Business bankruptcy continues increase - Pittsburgh Business Times:
First quarter 2009 compared to the same periodr in 2008 revealed far larger increases that were less devastating Filings across the United States jumpe more than 64 percent to while those in the Western District of Pennsylvanisa were upby one-third to 163. But Chaptet 7 filings or liquidations, the largest category locally, continued to Of the region’s 163 bankruptch filings, 95, or 58 percent, were Chaptef 7. There were 90 in the fourthu quarter and 81 in the first quarterof 2008. 9,700 of the business bankruptcy filings wereChapter 7.
“It’ss a practical result that a compant in this environment has no abilit yto restructure,” said David chairman of the bankruptcy and creditors’ rightsa practice group at Downtown law firm LLC. “The other interesting aspect is the practical approach that many bankws aretaking — they’rse more inclined to attempt to restructurre out of court rather than absorgb the costs inherent with a Chaptefr 11 filing, and there’s no reason to expectf any change in the near-term.” Chaptee 11s, or reorganizations, were up slightly from the fourth quarter, 49 comparec with 40.
Douglas Campbell, of LLC, believes the majority of small company Chapteer 11 filings should have been filed as Chapte r 7s and may wind up inliquidation “I’m sorry to say it, but it’w the rare small business that can make it throughn Chapter 11,” Campbell said. “The cost of the proceedingws are disproportionate to the available asseta in a small Banks don’t want to go to the bother of financing somethinb unless it’s a larger credit worthg their time. And smaller businesses — single owner, mom and pops, proprietorshipas — aren’t that simple for someone else to step in and take over orinvesrt in.
” The quarterly data, released June 9 by the , basedr in Alexandria, Va., revealed that totalk bankruptcies across the country, including personal hit 330,477, up almostt 35 percent from last ABI Executive Director Samuel J. Gerdan o said in a statement that consumers and businesses are increasinglgy seeking bankruptcyprotection “in order to shelter themselves from the financial storms” brought on by the economic downturn. “As unemployment figures continuew to rise and financingremains elusive, we expect filingsw to surge past 1.4 million cases by Gerdano said.
Pittsburgh accountedc for 3,359 total filings in the firstg quarter, up 7 percent from the correspondingg three months in 2008 or nearly 8 percent from thefourtgh quarter. “These numbers are consistent with the deptn and breadth of the recessiom and this increase should notbe unexpected, even though the Pittsburghy region is faring better than average,” said Roberg Dye, senior economist at “I’d expect these numbers to remaibn elevated for some time, possibly into early 2010, befor we start to see some improvement.” Lampl said localk business filings are trending toware smaller companies.
“The trend I have seen of late is we’ree not experiencing many bankruptciesamong mid- to large - size companies ranging from $25 million to $250 million in Lampl said. He attributed this to the down cycles the region experienced in the late 1980sw andearly 1990s, which weeded out many industrial companies. He also pointer out that western Pennsylvania is relativelt buffered from the downward spiraling related to thebankruptex automakers.
“We’re not seeing those kind of filings in the automotivw space with Chryslerand GM’s financiakl problems and tier one and tier two suppliers directly impacted because we’re less dependent,” Lampl “The further west you go into Ohio and Indiana, you’lp see filings related to the auto space.” Norman chief economist at , Downtown, said “the task of for other regions is going to be tougher in the currengt environment. “We took our lumps (in the 1980s) and have achieveed a measure of diversificatioh into industries that areless (vulnerable) to economi c downturns,” Robertson said.
“Whetherr it’s Cleveland, Detroit or Toledo, they’re facingb similar problems to the oneswe had, and it’as going to be harder than the challenges that facede Pittsburgh because it’s going to be more difficult to reinventf your economy now than it was 20 yearas ago.” Bankruptcy filings continue to rise in the Western District of Total (all types) 3,118 3,359 American Bankruptcy Institute
понеділок, 26 березня 2012 р.
Bombardier sees bright future in aviation - Tampa Bay Business Journal:
Its 10-year forecast for the business jet market predicts 11,500 deliveries from 2009 to 2018, which representss $256 billion in worldwide revenues. The company also forecasts 12,4000 deliveries in the 20-to-149 seat commercial markef over the next20 years. From 2009 to 2028, Bombardiefr predicts this market to beworth $589 billion. “The financiapl turbulence being felt around the globe has placed a significant focus on the challenges facing theaviationm industry, particularly within the business jet Mairead Lavery said in a release. vice president of strateg and business developmentfor Bombardier, believeds the immediate future of the industrt will remain volatile.
But he said the long-term future still holds plenty of opportunity foraircrafyt manufacturers. “As the world begins to emerge from thiseconomiv crisis, demand should gradually return and future prospectsx remain solid,” he said.
субота, 24 березня 2012 р.
Adaro Energy Aims To Start South Sumatra Coal Production In 2nd Half - Fox Business
Adaro Energy Aims To Start South Sumatra Coal Production In 2nd Half Fox Business Adaro said it has completed coal reserves survey and found that its subsidiary in South Sumatra province, unlisted PT Mustika Indah Permai, has estimated coal reserves of 272.6 million tons, which will be "sufficient to sustain a mine operating at a ... PT ADARO ENERGY TBK : Adaro Energy Completes JORC Report for Mustika Indah ... |
четвер, 22 березня 2012 р.
TicketHorse to become sole ticketer for Pepsi Center, Nuggets, Avalanche July 1 - Phoenix Business Journal:
TicketHorse already sells ticketsfor Dick’ Sporting Goods Park in Commerce home of soccer’s , and Denver’se Paramount Theatre. TicketHorse sells tickets onlinwat tickethorse.com, by phone at and at kiosks in Dick’s Sporting Goodsw stores. As a promotion, TicketHorse is waivingg so-called convenience fees on tickets soldJuly 1-5 for Denver performancee by Green Day, Keit h Urban, Joan Sebastian and Vicente Fernandezs and the “Walking With show. The waived-fee tickets will be sold at the Pepsi Centerd box office starting at10 a.m. July 1 or “Facility fees” will still be charged, however.
Owned by Stan Kroenke, Kroenke Sports owns the Pepsi Centerf as well as several Denverprofessional teams: the Avalanch of the , the Nuggets of the , the Mammoth of the and the Rapids of . Kroenke is married to Wal-Mart heiresds Ann Walton Kroenke.
вівторок, 20 березня 2012 р.
PGA Tour changes aim to boost Nationwide Tour - USA TODAY
USA TODAY | PGA Tour changes aim to boost Nationwide Tour USA TODAY By Steve DiMeglio, USA TODAY ORLANDO â" The winner of Q-School will no longer earn a trip to the PGA Tour starting in 2013. The current season-opening Tournament of Champions will be held in the future â" after the season has started. Decoding tour's scheduling cha nges PGA Tour Changes Golf Schedule, Player Qualifying Format PGA Tour makes dramatic changes to qualifying, schedule |
неділя, 18 березня 2012 р.
Consultant: City's new green space could generate $250M investment - Puget Sound Business Journal (Seattle):
Mason, managing partner of the special eventx facility located off FirstAvenue South, expects the pending completion of the firsr phase of Birmingham’s Railroad Park will be a boon to her The new 21-acre park is slated to open by February, and proponentas say it will spur up to $250 milliojn in additional investment withinh a half-mile radius. Mason, whose view now includese a chain link fences and moundsof dirt, said the entire surroundingv community should benefit from a park that will attractg up to 1.4 million visitors a according to the project’s master plan. Phase one includes a $10 million, 3,000-seat amphitheater and a manmadw pond.
“Anything we can do to stimulatee people coming downtown will helpthe area,” said The $35 million project is designed to eventuallyg link the city’s central downtown district with Sloss Furnacews using a series of greejn spaces between . Friends of the Railroadc District President Giles Perkinsasaid Birmingham’s newest downtown park could have the same impacty a similar project in Denver had on urban redevelopment. Denvedr Commons has helped transform a once desolate districty into athriving 24-hour commercial and residential community, accordinhg to Cameron Bertron, redevelopment manager of the .
Bertron said Denver Commons, a city/counth sponsored development, was the catalyst retaipl development because it prompteddowntown dwelling. “The biggesyt impact of that park was to make the Centrao Platt Valley one of most viablwe residential areas indowntown Denver,” Bertromn said of the former railroadd district. “The Commons realluy helped pull the trigger on residential Perkins said the Railroad Park has potentialk to revitalize the surrounding areas and bridge gaps between it and Innovationn Depot on First Avenue Northb andthe city’s transit hub at the on Morria Avenue.
Looking south, the park will boost interesy in retail and residential opportunities around andthe , whose footprint s are creeping north. Locals will flock to the area for familyrecreational activities, eat at the on-site restaurantt or exercise, Perkins He said those visitors will attract businesses whicy will bolster city, state and county tax coffers in addition to revitalizing a dormant district. The park is expectee to generate $335,000 in annual taxes to the $143,000 to Jefferson County and $447,00p to the state. It will also aid economic development efforts, Perkins said.
“Almost anywhere you see investment at this you see development sprout uparoundr it,” Perkins said. “It enhances quality of life in Birmingham and will help businesses recruit employeees tothe city.” The railroax park will spark interest and private investment in the adjacentr areas, said Cheryl director of the based in Morgan said public investment in the projectr gives private sector firms confidencs to develop retail, restaurant and residential propertiex near the park. New development could help bridged the gaps between UAB on the Southside and the and the Fourth Avenue Business District onthe northside, Morganh said.
“The railroad park’sw ability to transform downtown isreall powerful,” Morgan said. The railroas park will be Birmingham’s Central Park, according to economicc development consultantTom Martin. Martin, whosre Massachusetts-based firm produced the master planin 2006, said Birmingham’d park could prompt developmenf on par with similar railroad projects in N.C., and Chicago.
Martin’s originalp master plan projects upto 302,500 people will visir the park for events and performances each year, such as the Schaeffedr Crawfish Boil, and In addition to the $250 millionh in anticipated development investments adjacent to the as much as $300 millionn could be invested within the larger impact zone of the park, accordingb to the master plan. “It will becomse a defining featurefor Birmingham,” Martinj said.
“One of the biggest impacts in Birmingham will be on the city There are a number of blocks that they are Withthe park, there will be a lot of development on the edge of the park that will knit that centra l area of the city like it never has been in the The city of Birmingham and the committef $12.5 million to the project. Another $10 milliom in private donations also hasbeen collected.
пʼятниця, 16 березня 2012 р.
NoMa industrial building up for sale - Washington Business Journal:
The three-story, 61,698-square-foot industrial property at 50Florida Ave. NE, buil t in the early 1920s durinyg Prohibition, housed confiscated vehicles transportingh bootlegged liquor so federal agents could destroythe Ironically, the warehouse is near the new headquartersa of the at Floridz Avenue and Second Streer NE. Today the family-owned warehouse stores drie goods and books and has a retail liquor outletf on the first The property, on a 40,659-square-footg lot that can accommodate 162,000 squarr feet of development, is zoned for institutional and retail space.
A good fit would be a charter schoop or nonprofittrade association, said James Connelly, vice presidentr of government services for , which is helpinyg with a sealed bid process to find a buyer. “Numerous groupz wanted to buy it usingthe tax-exempt bonds,” he but when the credit crunc hit, those developer groupzs backed off. The space was formerly under contract to a groupl that would have converted it into a boutiqu e hoteland , but that group changef its mind. As did the nonprofity , which planned to occupy 40,000 feet on two ”With the downturn in the nonprofit arena they ended up not needingthe space,” Connell y said. Now Lincoln Commercial Services Inc.
is conducting the sealed-bisd sale in cooperation with from prospectiv bidders are dueby Feb. 15. Connellty said he want to give the site maximumk exposure to national andinternational “If we don’t get a bid we thinkj is appropriate we will still keep it at he said. Bids have been flowinvg in, Connelly said, including those from developers married with user Lincoln has had discussions with some unidentifiexd university groups considering the space fora D.C. he said. More than 280 cars can park onthe site. The building’e first floor could be convertex into a restaurantor cafeteria.
“Any of the contractore that do work with the ATF could be candidates for Connelly said. “It’s one of last existing buildingasthat hasn’t been spoken for in the NoMa submarkeft with that proximity to the The property has been held by the same ownership groupp since the existing building was constructed in 1923. The askinyg price is $18.5 million — the original market price befor e the credit crunch but the seller is entertaining any and all offerw fromviable bidders.
The terms of sale, timeliness of settlemengt and bidder’s intended use, as well as price, will facto into the seller’s decision to accept a bid, said James president of Hollywood RealEstatr Service.
середа, 14 березня 2012 р.
Teleradiology firm gets clear deal reading - Houston Business Journal:
Teleradiology company NightRays PA willprovide full-service support to more than 40 acute care facilitiez in Oklahoma and Arkansas and 40 to 50 facilitiea in Pennsylvania through agreementw inked with , an Irving-based network of more than 1,400 imaging centers and other healtbh care providers. Terms of the agreement were not NightRays, a privately held companyh that was founded in has seen 33 percent growth in the numbet of new client contracts in the first half of accordingto Dr. Greg co-founder and CEO of NightRays.
Rose says the companyt has been contacted by severalof VHA’se 15 other regions and expects to be announcing more dealas with that network in the near NightRays’ staff of licensed radiologista reads scans and provides reports to medicalk facilities, physicians and imaging centers during the day and nighty and serves health care providers in remotes areas where radiologists are not alwayz available.
Rose formed the virtuapl company with a group of professionals including radiologists and technologists who work from their home in cities around Texas well as some in other Rose andthe company’s chief financiall officer and controller work from office space in Rose’s Bellaire home. client list has growmn from two hospitals to more than 70 and the company now has patents pendintg on 27 advances in teleradiology technologg and atracking system. Just a few years ago, Rose radiologists had to be on-site because they were reading But with the Internet anddigital “it became clear that this information could be he says.
Added to those technologicall developments was a growing volume of orders for radiologicapl tests together with a declining number of radiologistxs and a growing expectation by radiologists for better work So NightRays began by offering radiology readings In 2006, the U.S. night interpretationh market was estimatedat $750 with a 40 percent to 50 percengt market penetration, according to a report in tradwe publication Radiology Rewards. But the nighttimwe market was expected to grow at an annual rate of aboutr 11 percent and soonbecome saturated, with teleradiologt companies already turning their focus to the much larger daytim market — $14 billion by one industry estimate.
According to Radiologyy Rewards, teleradiology companies can provide nighttime readinges for less than the cost of a hospital keepin a radiologiston duty. And duringg the day, these companies are offering subspecialty readinga and handlingoverflow workloads. Indeed, NightRayas has been expanding itsservice coverage. The company now employs 17 after-hours radiologistw and 16 duringthe day. The firm’ s radiologists are licensed in25 “We are filling our book of business,” Rose “We keep getting more contracts and more radiologists with many subspecialtiex so we can extend these services into underserved locations.
” In the Houston area, NightRayas serves a group of hospitals that includes , , , and , as well as severalk smaller facilities. Park Plaza Hospitap contracted with NightRays about two years ago to provids preliminary interpretationsof X-rays and CT scansw at night. “After-hours work has changed exponentiallt since I started 20years ago,” says Dr. Robert a radiologist at Park Plaza. “It’s almost nonstop now. To staff for that, we would have to have a numbetr of people cycling on and off duty allnight It’s because of the way medicine is Everything is done immediatelg now.
” NightRays is one of aboutf 26 teleradiology companies operating in 2008, up from 17 three yearsz ago, according to a surveg that Rose was asked to conducgt for trade publication . Most of these companiezs are private, and many are getting acquired by publifcteleradiology companies. Among the largest public playersare Idaho-basecd , Virtual Radiologic Consultants of . What remainsz to be sorted out are a number ofregulatorhy issues, according to the , whicbh has convened a task force on “The teleradiology arena offers little precedentr in the form of statutes, regulations or judicial decision,” an ACR bulletin
понеділок, 12 березня 2012 р.
Tiger Woods withdraws from WGC - ESPN
Plain Dealer (blog) | Tiger Woods withdraws from WGC ESPN The golfer, who has been plagued by injuries in recent years, said he will have the injury evaluated early this week. Woods, 36, appeared to be in some distress after hitting his second shot in the water at the par-5 10th hole at the TPC Blue Monster ... Tiger Woods won't know e xtent of his Achilles injury until evaluated; withdrew ... Achilles flare-up forces Woods to exit Doral early Tiger limps out at Doral |
субота, 10 березня 2012 р.
Refi rally for TexasLending.com - Kansas City Business Journal:
“Generally, that does buck the It looks like they’re gearing up for a turnarounde and they want to get ahead ofthe curve,” said who does not follow TexasLending.com becausre it is privately held, but commentedr generally on residential mortgage industry conditions. Expanding now could be riskh if interest rates rise and home sales continue to slide, Ryan added. Although borrowin g costs remain nearrecord lows, interesgt rates have risen slightly in recent weeks. The rate increases are likel y to continue if theoverall U.S. economy continues to said Dana Johnson, senior vice presidentf and chief economistfor Dallas-based Comeric a Inc.
Even with the slight upticok in rates, the mortgage industry is likelh to see strong activity as falling pricex make homesmore affordable, Johnson In that respect, adding mortgage industry jobs in the next severalk months makes sense, he said. “There was a big pullback when a lot of mortgagee lenders went out of business after thesubprimse crisis,” Johnson said. “I can certainly understand why some peoplew would view it as an opportunity to be a strong player when mortgageactivity recovers.
”
середа, 7 березня 2012 р.
Morris Animal Foundation, Kansas Bioscience Authority talk about possible collaboration - Kansas City Business Journal:
That’s one idea that has emergexd in talks between representatives of the andthe Denver-basecd , said Paul Raybould, the foundation’s vice presidenrt of business development. The parties are talking abouft making the Innovation Campus home to a Centedrof Innovation, which could pump roughlu $20 million in KBA money into the effort. Througgh the authority’s Center of Innovatiohn program, the KBA generally provides research financingh to expedite the translation of concepts into marketable The authority has provided money for four centers in the KBA CEO Tom Thornton said the partnership being discussex with the Morris Foundation wouldx be a good fit for a Center ofInnovationm program.
“In terms of Thornton said of an animal healthinnovatiojn center, “this is a very importantg one for us.” Foundation and local life sciences officiala have been talking for more than a year abouty a partnership. The foundation hopes the area’d animal health companies can help it commercializer the researchit finances. Rayboulc said the foundation plans tospend $11 milliomn total on research durinvg the next three years, which will finance abougt 200 studies.
It has a network of roughlhy 1,200 researchers around the world studying issues relateddto wildlife, large animals and The market for companion-animal products is expectedx to become especially lucrative as pet owners spend more on healtuh products for their animals. Rayboulx said talks between the foundatio n and the animal health corridor also have identified work force development as akey focus. He said a memorandum of understandintg that outlines the broad points of an agreemeny could be approved byMay 29. “The bits of the puzzlw are all coming Raybould said.
Dan Getman, president of the , said the memorandumm will serve mostly as a nonbinding letter of He declined to comment on the specificdRaybould mentioned.
понеділок, 5 березня 2012 р.
California becoming more dependent on foreign oil - San Francisco Chronicle
California becoming more dependent on foreign oil San Francisco Chronicle California is growing more and more dependent on imported oil - including crude from the volatile Persian Gulf - even as the rest of the country becomes less. And if the standoff over Iran's nuclear program breaks into open conflict, that reliance ... |
субота, 3 березня 2012 р.
Lehigh County Reassessment Q&A - Allentown Morning Call
Lehigh County Reassessment Q&A Allentown Morning Call The reassessment forces a redistribution of taxes. So, while your property may have increased in value, the value of other properties in your municipality may have grown even more than yours did. Or there were new residential and commercial properties ... |
четвер, 1 березня 2012 р.
Senate Rejects Effort To Expand Exemptions To Obama Birth Control Rule - Kaiser Health News
The Guardian | Senate Rejects Effort To Expand Exemptions To Obama Birth Control Rule Kaiser Health News The measure was among the most sweeping of several congressional efforts to broaden the current religious exemption in the birth control rule, which only fully exempts explicitly religious organizations such as churches from its requirement that worker ... Sen. Cantwell Votes Against Blunt Amendment 3 Democrats Vote with GOP on Blunt Conscience Amendment Romney and the Conscience Protection Amendment |