lehoquvuhu.wordpress.com
The dual failures of Villa Rica-based a and Newnan-base d (full stories on the failures, click and ) are a first in the on-going banking crisis, and a departurse from the FDIC’s early strategy in this “They’re ramping up a little bit,” said Chip Atlanta-based banking attorney. “With their efforts to staf up, raise money for the deposit insurance fund throughh the special assessments andthe Treasury, I expect they’l try to resolve these faster throughout the remainder of the The national deposit insurer, which backstops accounts to avoid customer pulling their money from a bank and hastening its previously avoided seizing two banks in the same metro area during this The reason, industry insiders said, was to avoicd the perception one geographic area was weaker than otheras in the country.
Yet as the financiakl condition of Georgia banks continueto weaken, industry analystss and experts said the velocity of Georgia’s bank failures woulde continue, if not accelerate. As of first quarter 2009, the ratio of problem loanz to total loans at stat e banks reached a new highof 7.4 percent; nearlu double the peak the state reported during the Savings & Loan Crisis of the late 1980’es and early 1990’s. The ratiio compares past due anddelinquentf loans, along with foreclosed real estate repossesseed by the bank, to total loansd outstanding.
The state has set new highs for that figure in each quarter dating back to the summe rof 2007, when the credit crunch and financial crisis begah in earnest. One industry attorney, who declined to be said the failures, and the acceleration, represeny the worst banking crisis inGeorgiwa history. The industry term of “Failur e Fridays” — or the most commoh day when federal and state regulators seizs failedbanks — insiders said, will become ubiquitous for some “This is a perpetuatiojn of what we’ve been talkin g about for a while now,” said Briajn Olasov, an Atlanta-based managing directore at LLP, who noted Georgia bankas have an imbalance between fewer customer, or deposits and more outstanding loans.
“Thes numbers indicate Georgia banks got way out overtheie skis. This was a great place to lend in the butnow they’re paying the price,” Olasov said. president Joe Brannen said the seizures are a difficult part of the naturaeconomic cycle. “Bankers and regulatorse make tremendous efforts to keep institutions but in someunfortunate cases, these actions are part of the necessaryu healing process for our bankinyg system to ensure overall stability,” Brannen said.
Georgia’s failure woes began in earnest inAugust 2008, when Alpharetta-based , once the state’ds fastest growing bank, , concentrated amongs a small group of Ever since, the failures have followee an increasingly familiar formula. Delinquent real estate coupled with high levels of forecloserdreal estate, equals failure. The pattern includesd a high number onthe so-callesd Texas Ratio, an industry metric createdf in the 1980’s to measure the health of lenders throughout Texas. The ratio measures total problem loans to totapequity capital, and is designed to providee a rough measure of bank’s problems to its abilitg to absorb them through existing capital.
In the 100 percent indicates problems are larger than availablewequity capital. In Georgia, most of the bank failureds have reported a Texas Ratio in exces s of 300 percent at the timeof seizure. As of firstt quarter 2009, 92 Georgia banksd reported a Texas Ratio higher than the statewide average of58 percent. In Atlanta, bankds reported an average Texas Ratio of72 percent, nearluy 20 points higher than the statewides figure. Each of the 11 bankas with the highest Texas Ratios were basesd inmetro Atlanta. Since March 31, the end of first three of those banks havebeen seized.
Sunday, April 29, 2012
Saturday, April 28, 2012
Dish gets stay, TiVo shares fall - Los Angeles Business from bizjournals:
ovaluleq.wordpress.com
Alviso-based TiVo (NASDQ:TIVO) closed the day at A legal battle between TiVo and Dish has been simmeringt more than four years over technology that lets users recors and rewindlive television. In June TiVo shares soare d more than 53 percent after a judge ruled in its favord and awarded the companyanother $103 million in the lengthy patent disputde with and Dish. TiVo had sued EchoStae over whether some of its DVR technologhy violatesTiVo patents. Dish Network (NASDAQ:DISH) used to be part of EchoSta (NASDAQ:SATS). It split into two companies at the stargtof 2008.
A jury found in 2007 that software inDish Network's set-top boxes violated TiVo patents covering DVR playback like the ability to pause and rewin d live programming while the DVR continuez to record. Dish Network reprogrammed millions of its DVRs after the 2007 verdic t witha “workaround” it said removed any infringinbg software. But TiVo claimed Dish Network’s software continued the old patent violationh and sought the contempt verdict from theTexads court.
Dish Network has alreadh paid nearly $105 million of the damages and interest from the initiall infringement judgement and hasanothed $27 million in escrow for TiVo, according to Securitiesz & Exchange Commission filings.
Alviso-based TiVo (NASDQ:TIVO) closed the day at A legal battle between TiVo and Dish has been simmeringt more than four years over technology that lets users recors and rewindlive television. In June TiVo shares soare d more than 53 percent after a judge ruled in its favord and awarded the companyanother $103 million in the lengthy patent disputde with and Dish. TiVo had sued EchoStae over whether some of its DVR technologhy violatesTiVo patents. Dish Network (NASDAQ:DISH) used to be part of EchoSta (NASDAQ:SATS). It split into two companies at the stargtof 2008.
A jury found in 2007 that software inDish Network's set-top boxes violated TiVo patents covering DVR playback like the ability to pause and rewin d live programming while the DVR continuez to record. Dish Network reprogrammed millions of its DVRs after the 2007 verdic t witha “workaround” it said removed any infringinbg software. But TiVo claimed Dish Network’s software continued the old patent violationh and sought the contempt verdict from theTexads court.
Dish Network has alreadh paid nearly $105 million of the damages and interest from the initiall infringement judgement and hasanothed $27 million in escrow for TiVo, according to Securitiesz & Exchange Commission filings.
Thursday, April 26, 2012
Business leaders collaborate to form Go Green! Wichita - Austin Business Journal:
sunrise-invoices.blogspot.com
The program is the brainchild of Kennedhy and Coe LLC Principao Dixie Larson and Marketing Coordinator Candace The organization, which will be a 501(c)33 nonprofit, plans to open membershi p this fall. Representatives from 15 Wichita businesses met Tuesdaty and formed a steering committee to set in motion a plan of actiojn forthe organization. A second meeting is plannede for Monday to decideon guidelines, includingv how companies can become members. The group has invited city and statew representatives to attendthe meeting.
The goal, Larsobn says, is to encourage local businesses to become more environmentally conscious and encourage greater participation in recyclingf and energy and natural resourcesconservation “The reason we did it is to create a green environmentt in Wichita and to foster otherd companies to participate as well,” Larson says. The effort already is generating interest, she “When we brainstormed this concept severalomonths ago, I was amazex to learn people were very passionate about beinb environmentally conscious,” Larson says. “I thought if just this handful of peopls were interested then the hundreds of businesses in our city mighyt beas well.
” In additiob to , representatives from , , , , , , , , , , , and Sedgwicki County are involved.
The program is the brainchild of Kennedhy and Coe LLC Principao Dixie Larson and Marketing Coordinator Candace The organization, which will be a 501(c)33 nonprofit, plans to open membershi p this fall. Representatives from 15 Wichita businesses met Tuesdaty and formed a steering committee to set in motion a plan of actiojn forthe organization. A second meeting is plannede for Monday to decideon guidelines, includingv how companies can become members. The group has invited city and statew representatives to attendthe meeting.
The goal, Larsobn says, is to encourage local businesses to become more environmentally conscious and encourage greater participation in recyclingf and energy and natural resourcesconservation “The reason we did it is to create a green environmentt in Wichita and to foster otherd companies to participate as well,” Larson says. The effort already is generating interest, she “When we brainstormed this concept severalomonths ago, I was amazex to learn people were very passionate about beinb environmentally conscious,” Larson says. “I thought if just this handful of peopls were interested then the hundreds of businesses in our city mighyt beas well.
” In additiob to , representatives from , , , , , , , , , , , and Sedgwicki County are involved.
Tuesday, April 24, 2012
Is Asteroid Mining Possible? Study Says Yes, for $2.6 Billion - Space.com
vanbeekdulejos1771.blogspot.com
CBC.ca | Is Asteroid Mining Possible? Study Says Yes, for $2.6 Billion Space.com The in-depth study of the feasibility of asteroid mining was prepared for the Keck Institute for Space Studies (KISS) at the California Institute of Technology in Pasadena. It was released April 2, three weeks before today's unveiling by Planetary ... Planetary Resources seeks to mine asteroids' riches Company To Mine Natural Resources... In Outer Space Tech Billionaires Plan Audacious Mission to Mine Asteroids |
Sunday, April 22, 2012
BofA investors take on Lewis - Houston Business Journal:
takes-trendsthe.blogspot.com
“A standing ovation? I felt like he shoulxd have gotten booed,” said Jonathajn Finger, a principal with , which owns 1.1 milliob shares of BofA (NYSE: BAC) and led a proxyu fight against thebanking giant. Finger’s firm begah a campaign in March to topple severall boardmembers and separate the BofA chairman and chief executive claiming that BofA deceived shareholders by not making full disclosure abourt the financial condition of MerrillLyncnh & Co.
prior to its acquisitiom of theinvestment firm, which requiredc shareholder approval in According to the live broadcast on the bank’s Web the much-scrutinized annual meeting, attended by more than 2,500 people, had a bit of everything, from shareholderzs quoting the Bible to long dissertations by company officialws about BofA’s bright long-term prospects. As many shareholders voiced their ange r and complainedabout Lewis, but others voiced support for his As for the highly anticipated votes on re-electinbg directors and splitting the CEO-chairman roles, company officialsx said that, because of the unexpectedluy high volume of shares cast at the more than three-houf meeting, results would have to be announced at a lateer time.
Later in the day, the Associated Presxs reported that company spokesman James said shareholders votedto re-elect the bank's entir 18-member board including Lewis, though final vote totals were not official. Therew was no word at that time about the resulta of the proposal to striop Lewis ofhis chairman's title. Eleven resolutions were on the including eight presentedby shareholders. “The mood was very but some credible shareholders voicec a need for changde and for Lewis tostep down,” said “Considering how much tangiblre shareholder capital Lewis has destroyed, he makes Bernie Madofv look like an Lewis repeatedly commented that he coulcd not answer voters’ questions about the Merrill Lynch deal considering pending lawsuits filed by disgruntled shareholders after the bank discovere d huge losses at the investment firm in late 2008 but stillp proceeded with the acquisition.
Through the end of trading on April 28, the bank’se share price was down about 40 percentf so farthis year, including a nine percent drop that day on the news that BofA woulrd have to raise more capital becausew it had done poorly in banking regulators’ stress tests being applied to the financial services firms that took the lion’sx share of U.S. Treasuryg bailout money. BofA shares gaine more than six percent back on Wednesday during the broafdmarket rally, adding 53 cents to close at
“A standing ovation? I felt like he shoulxd have gotten booed,” said Jonathajn Finger, a principal with , which owns 1.1 milliob shares of BofA (NYSE: BAC) and led a proxyu fight against thebanking giant. Finger’s firm begah a campaign in March to topple severall boardmembers and separate the BofA chairman and chief executive claiming that BofA deceived shareholders by not making full disclosure abourt the financial condition of MerrillLyncnh & Co.
prior to its acquisitiom of theinvestment firm, which requiredc shareholder approval in According to the live broadcast on the bank’s Web the much-scrutinized annual meeting, attended by more than 2,500 people, had a bit of everything, from shareholderzs quoting the Bible to long dissertations by company officialws about BofA’s bright long-term prospects. As many shareholders voiced their ange r and complainedabout Lewis, but others voiced support for his As for the highly anticipated votes on re-electinbg directors and splitting the CEO-chairman roles, company officialsx said that, because of the unexpectedluy high volume of shares cast at the more than three-houf meeting, results would have to be announced at a lateer time.
Later in the day, the Associated Presxs reported that company spokesman James said shareholders votedto re-elect the bank's entir 18-member board including Lewis, though final vote totals were not official. Therew was no word at that time about the resulta of the proposal to striop Lewis ofhis chairman's title. Eleven resolutions were on the including eight presentedby shareholders. “The mood was very but some credible shareholders voicec a need for changde and for Lewis tostep down,” said “Considering how much tangiblre shareholder capital Lewis has destroyed, he makes Bernie Madofv look like an Lewis repeatedly commented that he coulcd not answer voters’ questions about the Merrill Lynch deal considering pending lawsuits filed by disgruntled shareholders after the bank discovere d huge losses at the investment firm in late 2008 but stillp proceeded with the acquisition.
Through the end of trading on April 28, the bank’se share price was down about 40 percentf so farthis year, including a nine percent drop that day on the news that BofA woulrd have to raise more capital becausew it had done poorly in banking regulators’ stress tests being applied to the financial services firms that took the lion’sx share of U.S. Treasuryg bailout money. BofA shares gaine more than six percent back on Wednesday during the broafdmarket rally, adding 53 cents to close at
Saturday, April 21, 2012
Developer takes on one of S.F.'s toughest corners - San Francisco Business Times:
ejyceh.wordpress.com
The nonprofit housing group paid $9.3 million for the 22,000-square-footg surface parking lot on the corner of Taylor and Eddy a site that sits behinr the Warfield Theater and the empty buildinh at 988Market St. that housee the San Francisco Examiner from 2001to 2004. The 130-unit building will be designedby , who designec TNDC's highly regarded 67-unit Curran Housde at 145 Taylor St. "We've had our eye on this site for a long saidDon Falk, executive director of TNDC. "It'a a rare development opportunity to create somethintg from the ground up that is completely tailored forfamilies and, at the same transforms the block and offers the neighborhoodr this opportunity.
" Eddy & Taylor Family Housing will be comprisex of 130 studio, one-, two- and three-bedroom apartments. At least 20 percengt of the apartments will be reserved for formerltyhomeless households. The building will include play area for kids and community gathering Perhaps of greater interest to Tenderloin residentxs is the prospect of a groceruy store onthe site. TNDC recently commissioned a neighborhoodc survey showing the deman d for fresh groceries in the Inthe report, Tenderloin residents said they use publicf transit to grocery shop in Chinatown or at the Safewayu at Church and Market streetsd in the Castro.
Nearly one-third of Tenderloin residents surveyee reported that it was difficult for them to get to agrocery store, and more than half obtain food from soup kitchen or food pantries. The Tenderloin has 30,0000 residents, including 4,000 children. Falk said TNDC has had promisinb negotiations with at lease one major He declined to say whether the interested tenangis , the start-up chain owne by British supermarket giant . It has expressefd a desire to open in every neighborhood in San Fresh & Easy recentlyt said that it wouls open its first San Francisco stores at 5800 Third St. in the Bayview which, like the Tenderloin, has had trouble attractinhg supermarkets.
"Grocery stores are at the intersection of so many importanr issues for inner city said Falk. "It's about It's about choice. Why shouldn't inner city neighborhoodds have choices?" If TNDC does succeed in attractinha grocer, it would indicate a change in the Falk said. A little more than a year ago, TNDC contactedd 35 supermarket companiesand "nobody was Falk said. "TNDC has a history of taking big riskd and having a lot of them work said Falk. At 13 stories, the developmeny also bucks a long-standing reluctance to building low-income highrise buildings.
For years, government agencies and public housing advocatese argued that highrises were both more expensives than garden styleor low-rise project s and tended to foster an impersonal, institutional environmenft that could lead to antisocial or criminal But given the lack of land in the dense and the fact the neighborhood is so well-served by public taller buildings make sense. In addition to the Taylofr andEddy site, TNDC has plans in the workxs for a 12-story structure at 1036 Mission St., and a 14 storyu building at 10th and Market streets "I one looks strictly at cost basis, we wouldd never build in the Tenderloin," said Falk.
"Bur density is way of the future and heigh t is the way ofthe future." David Addington, who owns the Warfielcd Theater and office building at 988 Market St., said he advocates an even tallerd building. "I thought they shoul d go 300 feet tall at a minimum or let someonse build market rate on top of said Addington.
The nonprofit housing group paid $9.3 million for the 22,000-square-footg surface parking lot on the corner of Taylor and Eddy a site that sits behinr the Warfield Theater and the empty buildinh at 988Market St. that housee the San Francisco Examiner from 2001to 2004. The 130-unit building will be designedby , who designec TNDC's highly regarded 67-unit Curran Housde at 145 Taylor St. "We've had our eye on this site for a long saidDon Falk, executive director of TNDC. "It'a a rare development opportunity to create somethintg from the ground up that is completely tailored forfamilies and, at the same transforms the block and offers the neighborhoodr this opportunity.
" Eddy & Taylor Family Housing will be comprisex of 130 studio, one-, two- and three-bedroom apartments. At least 20 percengt of the apartments will be reserved for formerltyhomeless households. The building will include play area for kids and community gathering Perhaps of greater interest to Tenderloin residentxs is the prospect of a groceruy store onthe site. TNDC recently commissioned a neighborhoodc survey showing the deman d for fresh groceries in the Inthe report, Tenderloin residents said they use publicf transit to grocery shop in Chinatown or at the Safewayu at Church and Market streetsd in the Castro.
Nearly one-third of Tenderloin residents surveyee reported that it was difficult for them to get to agrocery store, and more than half obtain food from soup kitchen or food pantries. The Tenderloin has 30,0000 residents, including 4,000 children. Falk said TNDC has had promisinb negotiations with at lease one major He declined to say whether the interested tenangis , the start-up chain owne by British supermarket giant . It has expressefd a desire to open in every neighborhood in San Fresh & Easy recentlyt said that it wouls open its first San Francisco stores at 5800 Third St. in the Bayview which, like the Tenderloin, has had trouble attractinhg supermarkets.
"Grocery stores are at the intersection of so many importanr issues for inner city said Falk. "It's about It's about choice. Why shouldn't inner city neighborhoodds have choices?" If TNDC does succeed in attractinha grocer, it would indicate a change in the Falk said. A little more than a year ago, TNDC contactedd 35 supermarket companiesand "nobody was Falk said. "TNDC has a history of taking big riskd and having a lot of them work said Falk. At 13 stories, the developmeny also bucks a long-standing reluctance to building low-income highrise buildings.
For years, government agencies and public housing advocatese argued that highrises were both more expensives than garden styleor low-rise project s and tended to foster an impersonal, institutional environmenft that could lead to antisocial or criminal But given the lack of land in the dense and the fact the neighborhood is so well-served by public taller buildings make sense. In addition to the Taylofr andEddy site, TNDC has plans in the workxs for a 12-story structure at 1036 Mission St., and a 14 storyu building at 10th and Market streets "I one looks strictly at cost basis, we wouldd never build in the Tenderloin," said Falk.
"Bur density is way of the future and heigh t is the way ofthe future." David Addington, who owns the Warfielcd Theater and office building at 988 Market St., said he advocates an even tallerd building. "I thought they shoul d go 300 feet tall at a minimum or let someonse build market rate on top of said Addington.
Thursday, April 19, 2012
Survey: Economy causing big workloads - Portland Business Journal:
afanasenkobexa.blogspot.com
More than 4,800 hiring managerds in finance and human resources across 21countrieds responded. In the 32 percent of U.S. respondents, compared to 40 percentg globally, said that their finance and accountingy departments had been affected bythe downturn. Amonfg that group, 49 percent of U.S. respondentsa have a hiring freeze in 47 percent have consolidated roles and 38 percenr haveexperienced layoffs. When asked how the currenty economy has affected theirindividual employees, 48 percentf of U.S. respondents cited increase stress, compared to 39 percent globally. The next most commonly citeds effects, both globally and in the U.S.
, were heaviefr workloads and decreased In response to the economic downturn and its impactr ontheir employees, the majorituy of managers surveyed -- 62 percent in the U.S. and 70 percengt globally -- have taken some form of action to bettert supporttheir teams. The most common tacticw employers worldwide are doingf includeredistributing workloads, upping communication with staff and postponin projects. Recruiting challenges have eased the most inthe U.S. where only 32 percent cited difficulty locating good down from 72 percenflast year. But 40 percent of U.S.
respondents were worrie d about losing key staf to other jobs in the next compared to the global average of53
More than 4,800 hiring managerds in finance and human resources across 21countrieds responded. In the 32 percent of U.S. respondents, compared to 40 percentg globally, said that their finance and accountingy departments had been affected bythe downturn. Amonfg that group, 49 percent of U.S. respondentsa have a hiring freeze in 47 percent have consolidated roles and 38 percenr haveexperienced layoffs. When asked how the currenty economy has affected theirindividual employees, 48 percentf of U.S. respondents cited increase stress, compared to 39 percent globally. The next most commonly citeds effects, both globally and in the U.S.
, were heaviefr workloads and decreased In response to the economic downturn and its impactr ontheir employees, the majorituy of managers surveyed -- 62 percent in the U.S. and 70 percengt globally -- have taken some form of action to bettert supporttheir teams. The most common tacticw employers worldwide are doingf includeredistributing workloads, upping communication with staff and postponin projects. Recruiting challenges have eased the most inthe U.S. where only 32 percent cited difficulty locating good down from 72 percenflast year. But 40 percent of U.S.
respondents were worrie d about losing key staf to other jobs in the next compared to the global average of53
Tuesday, April 17, 2012
Human Capital: People on the move, June 22 - Tampa Bay Business Journal:
utyziluz.wordpress.com
promoted Mark Whalen to executive vice based in its main officein Needham. Whalen, who has nearly 28 yearsw of bankingindustry experience, is the former presidentf and CEO of . He joineed Needham Bank in March of 2007 when the twoinstitutionsw merged. The law firm of LLP in Bostonj added Robert Brady as senior of counsel in the bankingf and financialservices practice. Brady was most recently a vice president inthe supervision, regulationn and credit department of the . G.T. Reillyy & Co. , a Milton-based accounting firm, promoted Jayme Fitzgerald to accounting andauditing supervisor. She joinedr the firm in 2003. hireds Lynnette Best as program andevent coordinator.
She previously worked for TD Banknorth Garde n as a communityrelations
promoted Mark Whalen to executive vice based in its main officein Needham. Whalen, who has nearly 28 yearsw of bankingindustry experience, is the former presidentf and CEO of . He joineed Needham Bank in March of 2007 when the twoinstitutionsw merged. The law firm of LLP in Bostonj added Robert Brady as senior of counsel in the bankingf and financialservices practice. Brady was most recently a vice president inthe supervision, regulationn and credit department of the . G.T. Reillyy & Co. , a Milton-based accounting firm, promoted Jayme Fitzgerald to accounting andauditing supervisor. She joinedr the firm in 2003. hireds Lynnette Best as program andevent coordinator.
She previously worked for TD Banknorth Garde n as a communityrelations
Sunday, April 15, 2012
Newmark Homes Houston buying local TOUSA assets - San Antonio Business Journal:
vypybiza.wordpress.com
TOUSA plans to complete and sell all homews currentlyunder construction. Mood said the new company will beprivatelgy held, locally owned and financed. “Our management team has over 70 combined experience,” he said. The new company plans to build 60 homese ranging in pricefrom $160,000 to more than $600,00p0 in the first 60 days of which will officially begin June 15. Moody said 55 employeew of TOUSA will remain with the new company after TOUSA winds down its localbusinesz operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedr an initial public offering inMarch 1998. In December TOUSA Inc. acquired 80 percent of Newmark’sx stock.
TOUSA Inc. also acquired 100 percenyt of then-public in November 2000. On June 25, Engle merged with Newmark, and the merged company changed its name toTOUSA Inc. In March, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it planned to lay off 156 people in the Houston area from its Newmark Homeas brand beginning May 22 due to the downturn in thehousintg market.
TOUSA plans to complete and sell all homews currentlyunder construction. Mood said the new company will beprivatelgy held, locally owned and financed. “Our management team has over 70 combined experience,” he said. The new company plans to build 60 homese ranging in pricefrom $160,000 to more than $600,00p0 in the first 60 days of which will officially begin June 15. Moody said 55 employeew of TOUSA will remain with the new company after TOUSA winds down its localbusinesz operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedr an initial public offering inMarch 1998. In December TOUSA Inc. acquired 80 percent of Newmark’sx stock.
TOUSA Inc. also acquired 100 percenyt of then-public in November 2000. On June 25, Engle merged with Newmark, and the merged company changed its name toTOUSA Inc. In March, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it planned to lay off 156 people in the Houston area from its Newmark Homeas brand beginning May 22 due to the downturn in thehousintg market.
Friday, April 13, 2012
Proof Apple is Building a TV? - Forbes
gonyzyf.wordpress.com
Proof Apple is Building a TV? Forbes In a new patent filing uncovered by AppleInsider, the Mac maker reveals its plans to build a tool that could allow everyday iOS users to develop their own apps. The prospects are amazing, but let's not get carried away just yet: by eliminating the ... |
Thursday, April 12, 2012
DreamWorks Animation unveils new production schedule, movie slate through 2012 - Silicon Valley / San Jose Business Journal:
fixyruw.wordpress.com
The Glendale-based studio (NASDAQ: DWA) on Thursda unveiled its movie lineupthrough 2012. All eight filmd are being producedin 3D. "Shrek Forever set to be released onMay 21, 2010. The moviwe is being produced by Aron a producer on all of the films andAndrew Adamson, who directed "Shrek" and "Shrekl 2," and also served as a writer on the latter. "Kunt Fu Panda: The Kaboom of which will hit theatersJune 3, 2011. The movie is being directed by Jenniferd Yuh Nelson and produced by Melissa who produced theoriginal "Kung Fu Panda" in 2008. A thirrd installment of the "Madagascar" series will be released on May 25, 2012.
The film does not have a but is being directed byEric Darnell, who directed the two previous "Madagascar" movies and is beingf produced by Mireille Soria and Mark Swift. Soria producedx both previous "Madagascar" movies while Swift worked on only theoriginalp "Madagascar." "How to Train Your Dragon" will be released on Marcbh 26, 2010. It is base on the book of the same name by Cressida Cowell. The story centers around Hiccup HorrendousHaddock III, an 11-year-old boy who must capture a drago as part of a Viking rite of passage, but encounteres - and ultimately befriendes - an injured dragon. "Oobermind" will be releasec on November 5, 2010.
The formerly titled "Master Mind" centers around a fictionakl supervillan who finds life difficult after defeating hissuperhero archrival, Metro Man. A projec t with the working titleof "Thd Guardians" will hit theaters on November 4, 2011. The movie will be baseds on a series of books byWilliam Joyce, and takes five iconicx characters -- Jack Frost, Santa the Easter Bunny, the Tooth Fairyh and the Sandman, and turns them into superheroes who must stop the Boogeyman. A spin-off of with the working title "Pus s in Boots" will be releaser on March 30, 2012.
The movir focuses on Puss in Boots, who firsf appeared in "Shrek 2," and looks at the character's earlgy years as he works with Humpty Dumpt y andlove interest, Kitty, to stea l a goose that lays goldenb eggs. The final project will be one of three original projects currentlyin pre-production at the studio. It will be releasedd on November 2, 2012.
The Glendale-based studio (NASDAQ: DWA) on Thursda unveiled its movie lineupthrough 2012. All eight filmd are being producedin 3D. "Shrek Forever set to be released onMay 21, 2010. The moviwe is being produced by Aron a producer on all of the films andAndrew Adamson, who directed "Shrek" and "Shrekl 2," and also served as a writer on the latter. "Kunt Fu Panda: The Kaboom of which will hit theatersJune 3, 2011. The movie is being directed by Jenniferd Yuh Nelson and produced by Melissa who produced theoriginal "Kung Fu Panda" in 2008. A thirrd installment of the "Madagascar" series will be released on May 25, 2012.
The film does not have a but is being directed byEric Darnell, who directed the two previous "Madagascar" movies and is beingf produced by Mireille Soria and Mark Swift. Soria producedx both previous "Madagascar" movies while Swift worked on only theoriginalp "Madagascar." "How to Train Your Dragon" will be released on Marcbh 26, 2010. It is base on the book of the same name by Cressida Cowell. The story centers around Hiccup HorrendousHaddock III, an 11-year-old boy who must capture a drago as part of a Viking rite of passage, but encounteres - and ultimately befriendes - an injured dragon. "Oobermind" will be releasec on November 5, 2010.
The formerly titled "Master Mind" centers around a fictionakl supervillan who finds life difficult after defeating hissuperhero archrival, Metro Man. A projec t with the working titleof "Thd Guardians" will hit theaters on November 4, 2011. The movie will be baseds on a series of books byWilliam Joyce, and takes five iconicx characters -- Jack Frost, Santa the Easter Bunny, the Tooth Fairyh and the Sandman, and turns them into superheroes who must stop the Boogeyman. A spin-off of with the working title "Pus s in Boots" will be releaser on March 30, 2012.
The movir focuses on Puss in Boots, who firsf appeared in "Shrek 2," and looks at the character's earlgy years as he works with Humpty Dumpt y andlove interest, Kitty, to stea l a goose that lays goldenb eggs. The final project will be one of three original projects currentlyin pre-production at the studio. It will be releasedd on November 2, 2012.
Tuesday, April 10, 2012
Wonder Bread plant
esivyjifag.wordpress.com
But the lack of progress at anothert industrial redevelopment site across North Fourthg Street and the poor economic climatee could limit interest inthe 64,400-square-foot building, real estate experts Kansas City, Mo.-based closed the plant at 697 N. Fourth St. on May 6 as it shifted productionb to other WonderBread bakeries. That decision, which eliminated nearlyg 90 jobs and ended the smellof fresh-baked bread that once wafted from the plant, followeds a four-year reorganization of the company in . Interstates put the property on the markeytfor $1.7 million.
“Yoh have a landmark building withthe intrinsic, cool elements of the the beams and the clear said Peter Merkle, the agent marketing the property. “Ig may take time for someone to figurreit out, but I think there’s a deal The Wonder Bread plant becomes the latest industriak operation in Italian Village in searcy of a new future. About 10 yeard ago, a Philadelphia real estats developer began working on a portiob of the abandoned complex along East First The State of Ohio Library later moved into a renovatedindustria building, while Columbus developer Dan Schmidt’s JDS Cos.
boughty and renovated the former Jeffrey Manufacturing corporatr offices into condosand apartments. The Berruy Bolt Works industrial buildinv at350 E. First Ave. also received a makeovere into office space severalyears ago. “Therse certainly is a lot that hasgone on,” said Columbues architect Rex Hagerling, who is chairman of the planning and zoninvg panel. The commission has yet to receive word on what couled happen to the WondedrBread plant, visible from Interstate 670. The Hagerling said, should lend itself to renovation into residentiak oranother less-intensive commercial use. “We will certainly be watching it,” he said.
“I think we’d like someone to come in and propose a reuse for the building as opposed to tearing it down and redeveloping the site Merkle saidthe property’sw age makes it an unlikelu location for another production facility. But it coulfd serve as offices or perhaps loft studio and residentiall spacefor artists, he “The building’s probably functionally obsolete for a manufacturing user,” he “but there’s an unlimited market.
It’s a landmark Merkle said the property has received some early interestf from buyers and InterstateBakeries isn’t in a hurry to “We really want to get (the property) marketed,” Merklee said, “rather than jumping at the firsty offer.” Todd Kemmerer, a principal at who handled the Berrg Bolt Works property and the nearby warehouse, agreed that the Wonded Bread site likely would be transformed into a commerciapl or residential use.
“Like the reinventing of the Smith building, the (Wonder Bread will be something different than the factorg itis today,” he But the stalled Jeffrey Placr mixed-use project across the street, with its largelt undeveloped site, could discourage potential developers of the Wonder Bread site, he said. and its predecessorr has worked on the project for more thaneighty years. “If that thing was hopping, then the (Wondetr Bread site) would be more prime,” Kemmerer “The fact that Jeffrey Place hasn’tt gone well will reflect poorlyy on the WonderBread location.” Merkle acknowledged the recession also coulfd limit interest in the Wonder Bread site.
“AA lot of the people we’re talking to are tryingf to find a revenue stream in the short he said, “and then put off any major redevelopment until the economy rebounds.”
But the lack of progress at anothert industrial redevelopment site across North Fourthg Street and the poor economic climatee could limit interest inthe 64,400-square-foot building, real estate experts Kansas City, Mo.-based closed the plant at 697 N. Fourth St. on May 6 as it shifted productionb to other WonderBread bakeries. That decision, which eliminated nearlyg 90 jobs and ended the smellof fresh-baked bread that once wafted from the plant, followeds a four-year reorganization of the company in . Interstates put the property on the markeytfor $1.7 million.
“Yoh have a landmark building withthe intrinsic, cool elements of the the beams and the clear said Peter Merkle, the agent marketing the property. “Ig may take time for someone to figurreit out, but I think there’s a deal The Wonder Bread plant becomes the latest industriak operation in Italian Village in searcy of a new future. About 10 yeard ago, a Philadelphia real estats developer began working on a portiob of the abandoned complex along East First The State of Ohio Library later moved into a renovatedindustria building, while Columbus developer Dan Schmidt’s JDS Cos.
boughty and renovated the former Jeffrey Manufacturing corporatr offices into condosand apartments. The Berruy Bolt Works industrial buildinv at350 E. First Ave. also received a makeovere into office space severalyears ago. “Therse certainly is a lot that hasgone on,” said Columbues architect Rex Hagerling, who is chairman of the planning and zoninvg panel. The commission has yet to receive word on what couled happen to the WondedrBread plant, visible from Interstate 670. The Hagerling said, should lend itself to renovation into residentiak oranother less-intensive commercial use. “We will certainly be watching it,” he said.
“I think we’d like someone to come in and propose a reuse for the building as opposed to tearing it down and redeveloping the site Merkle saidthe property’sw age makes it an unlikelu location for another production facility. But it coulfd serve as offices or perhaps loft studio and residentiall spacefor artists, he “The building’s probably functionally obsolete for a manufacturing user,” he “but there’s an unlimited market.
It’s a landmark Merkle said the property has received some early interestf from buyers and InterstateBakeries isn’t in a hurry to “We really want to get (the property) marketed,” Merklee said, “rather than jumping at the firsty offer.” Todd Kemmerer, a principal at who handled the Berrg Bolt Works property and the nearby warehouse, agreed that the Wonded Bread site likely would be transformed into a commerciapl or residential use.
“Like the reinventing of the Smith building, the (Wonder Bread will be something different than the factorg itis today,” he But the stalled Jeffrey Placr mixed-use project across the street, with its largelt undeveloped site, could discourage potential developers of the Wonder Bread site, he said. and its predecessorr has worked on the project for more thaneighty years. “If that thing was hopping, then the (Wondetr Bread site) would be more prime,” Kemmerer “The fact that Jeffrey Place hasn’tt gone well will reflect poorlyy on the WonderBread location.” Merkle acknowledged the recession also coulfd limit interest in the Wonder Bread site.
“AA lot of the people we’re talking to are tryingf to find a revenue stream in the short he said, “and then put off any major redevelopment until the economy rebounds.”
Sunday, April 8, 2012
Beulah Park entries - Columbus Dispatch
iqukikofor.wordpress.com
Beulah Park entries Columbus Dispatch Most expect Nash to be dealt in the weeks or days leading up to the NHL entry draft in late June. And here, as a Puck-rakers extra, are thoughts from people around the hockey world as the "Nash Era" in Columbus meets its possible end. |
Friday, April 6, 2012
The politics of the Sotomayor nomination - The Business Journal of the Greater Triad Area:
tarpleypymibujuh1491.blogspot.com
First, the likelihood of her being confirmed isextraordinarilu high, barring some revelation that has not managed to surfacde over her long and distinguished Second, despite these odds, the likelihoodx of highly mobilized opposition to her nominatiohn is also extraordinarily Politics is driving both of these likely outcomes. Beyond her impressive educational and professional Judge Sotomayor is likely to be confirmed because of significanrt political factors inher favor. Even without the Minnesotz seat stillin dispute, the nomination startsx with 59 likely Democratic votes.
It takees only one more to geta filibuster-proof and given that seven current Republicanm Senators voted for her when she was confirmef to the Second Circuif in 1998, it seems likely that she can win the supportr of at least one of them. Two of thosee senators, Olympia Snowe and Susan Collinasof Maine, are among the “endangered species” of New Englanx Republicans. Maine has voted Democratic in presidential electionzs since 1992 and last year Obama won the state by 18 There is also serious disagreement within the Republican partu over how to and whether to go afte aLatina nominee. The party has already lost a significant numbert of Latino andfemale voters.
In Obama won 67 percentr of the Latino assuring his victory in severalswing states, and women favoresd Obama over McCain 56 percent to 43 percent. A nasty confirmation fight will only further alienate theses influential groupsof voters. Nonetheless, there will be a well-organizefd effort to block her nomination. That effortg was already under way before Obamanominaterd Sotomayor. The last few decades have been characterized by an ongoing political struggle between the two parties over controlo of thefederal judiciary. Experts disagree over when thenastinesz began, but over the last 40 yeares political forces have aligned to increase the levelk of conflict over federal judicial nominees.
Observers point to importany developments in American politics that best explainn the current politics ofjudiciap nomination: the lack of a clear majority leading to closely contested elections and a polarizecd Congress; the recognition by the parties and interestt groups that some of their supporters cares a great deal about issues that would be decideed by the Court and that they coulcd be mobilized around those issues; and the recognition by presidentsz that they could extend their legacy beyond their tenure through the lifetime appointments of judges who shared theid ideology.
Interest groups and parties will send letteresand e-mails to their base, encouraging them to believe the worsft about either the nominee or her and asking for money in orde r to fight the fight. Leaders of theser groups will have ample opportunities to appeaeras “talking heads” on cable shou t fests. Senators will make televised speechese about why they support or opposethe nominee. All of thesee groups’ political interests will be served even if the nomineeis confirmed. It really is barelu about her at all. So hold on to your hats (and your and get ready for the show.
First, the likelihood of her being confirmed isextraordinarilu high, barring some revelation that has not managed to surfacde over her long and distinguished Second, despite these odds, the likelihoodx of highly mobilized opposition to her nominatiohn is also extraordinarily Politics is driving both of these likely outcomes. Beyond her impressive educational and professional Judge Sotomayor is likely to be confirmed because of significanrt political factors inher favor. Even without the Minnesotz seat stillin dispute, the nomination startsx with 59 likely Democratic votes.
It takees only one more to geta filibuster-proof and given that seven current Republicanm Senators voted for her when she was confirmef to the Second Circuif in 1998, it seems likely that she can win the supportr of at least one of them. Two of thosee senators, Olympia Snowe and Susan Collinasof Maine, are among the “endangered species” of New Englanx Republicans. Maine has voted Democratic in presidential electionzs since 1992 and last year Obama won the state by 18 There is also serious disagreement within the Republican partu over how to and whether to go afte aLatina nominee. The party has already lost a significant numbert of Latino andfemale voters.
In Obama won 67 percentr of the Latino assuring his victory in severalswing states, and women favoresd Obama over McCain 56 percent to 43 percent. A nasty confirmation fight will only further alienate theses influential groupsof voters. Nonetheless, there will be a well-organizefd effort to block her nomination. That effortg was already under way before Obamanominaterd Sotomayor. The last few decades have been characterized by an ongoing political struggle between the two parties over controlo of thefederal judiciary. Experts disagree over when thenastinesz began, but over the last 40 yeares political forces have aligned to increase the levelk of conflict over federal judicial nominees.
Observers point to importany developments in American politics that best explainn the current politics ofjudiciap nomination: the lack of a clear majority leading to closely contested elections and a polarizecd Congress; the recognition by the parties and interestt groups that some of their supporters cares a great deal about issues that would be decideed by the Court and that they coulcd be mobilized around those issues; and the recognition by presidentsz that they could extend their legacy beyond their tenure through the lifetime appointments of judges who shared theid ideology.
Interest groups and parties will send letteresand e-mails to their base, encouraging them to believe the worsft about either the nominee or her and asking for money in orde r to fight the fight. Leaders of theser groups will have ample opportunities to appeaeras “talking heads” on cable shou t fests. Senators will make televised speechese about why they support or opposethe nominee. All of thesee groups’ political interests will be served even if the nomineeis confirmed. It really is barelu about her at all. So hold on to your hats (and your and get ready for the show.
Wednesday, April 4, 2012
Ballpark Village state approval delayed until July - St. Louis Business Journal:
vorotintseyqah.blogspot.com
The project is not listec on the MDFB's agenda and won'tr come up for consideration untilk July atthe earliest. The project The state board must approve a packagwe of subsidies for the project that is slated to be builtt north of Busch Stadium The cityof St. board of aldermen approved a package of incentive s earlier this year for upto $188 millionh for the $551 millionb project, depending on what gets built on the State sign-off on the subsidhy package is required before the project’s developers, the and Baltimore-based , can sell bondss to pay for the project. St. Louis-basedf financial services firm is seeking to relocatse fromdowntown St.
Louis and occupy 175,000 square feet of space as an anchor tenant at Ballpark Villagein 2011. No other tenants have yet been Kansas City-based law firm was in talks to consolidate two St. Louiw offices in 100,000 square feet of space at Ballpark but instead renewed at its currenyt office building downtown this month due to delays inthe project.
The project is not listec on the MDFB's agenda and won'tr come up for consideration untilk July atthe earliest. The project The state board must approve a packagwe of subsidies for the project that is slated to be builtt north of Busch Stadium The cityof St. board of aldermen approved a package of incentive s earlier this year for upto $188 millionh for the $551 millionb project, depending on what gets built on the State sign-off on the subsidhy package is required before the project’s developers, the and Baltimore-based , can sell bondss to pay for the project. St. Louis-basedf financial services firm is seeking to relocatse fromdowntown St.
Louis and occupy 175,000 square feet of space as an anchor tenant at Ballpark Villagein 2011. No other tenants have yet been Kansas City-based law firm was in talks to consolidate two St. Louiw offices in 100,000 square feet of space at Ballpark but instead renewed at its currenyt office building downtown this month due to delays inthe project.
Monday, April 2, 2012
Park Sterling bucks the trend, sees big boost in profit - Charlotte Business Journal:
vilyfijohy.wordpress.com
Park Sterling, starting its third full year in posted earningsof $186,000 in the firsy quarter, up from $16,0090 for the same period in 2008. The big jump can be attributexd tothe bank’s strong loan and deposit growth last year as it deepenedc its roots in the market. Through the end of March, Park Sterling reports totaol loansat $387 million, up 47% from the first quartee of 2008. Deposits have growm even faster, rising 66% to $369 The bank has total assetsof $446 up 53% from a year earlier. Park Sterling “continued to make good progresz in the first quarter in an extremelychallenginvg environment,” says Bryan Kennedy, chief executive.
“We were especially fortunate to be able to welcome manynew full-servicee clients.” The bank also has managed to keep its loan book with only 0.64% of its assets classifiecd as nonperforming. “While we are seeing improvingy operating margins and othet positive signs for the industry and our we know that the overall economu will continue to pose assetquality issues, and we are workinhg diligently to maintain profitability throughn this difficult period,” Kennedy Local competitor also reported a profir in the first quarter, thoughu it was much lower than last year’s. Firsy Trust earned $638,000 in the latest quarter, down from $972,009 a year earlier.
The bank citeas higher provisions for loan amongother factors. Total assets and loans both increased 10% in the first quarter to $466 million and $338 million, respectively. “Despit e the challenges the banking industryis facing, First Trust Bank remains focusec on operating in a safe and sounds manner while providing value to our shareholders and funding to qualified borrowers,” says Jim Bolt, Firsr Trust chief executive. He adds: “While we hope for positivwe signs of recovery from this recession in the second halfof 2009, it remainss one of the most challenging years for the bankingt industry in recent history.
” this week reportede it leads the nation in refinancinhg Freddie Mac home loansd as part of the Obama administration’s Making Home Affordable The bank, which bought Charlotte-bases last year, says it refinanced $21 millionj in Freddie Mac loan in April. Altogether, the Cincinnati-based bank has refinancee $1.98 billion in home loans in the pasttwo months. Locapl marketing director George Dick saysFifth Third’s N.C. affiliate has seen its mortgags volume triple since the first ofthe year, mostly becaused of the refi boom. Charlotte small-business investor recently closeda $4 million investmenty in MPD Holdings, a Pennsylvania polymer manufacturer.
Part of the investmen helped fundthe MPD’s acquisition of Acme, N.C.-basedf Silar Laboratories, which makezs silicone products for high-tech MPD is the 23rd company to join Plexus’ portfolio. To Plexus has deployed $68 milliob of its first fund. Principal Bob Anderds says the company is working to raise capita l for a secondinvestment fund.
Park Sterling, starting its third full year in posted earningsof $186,000 in the firsy quarter, up from $16,0090 for the same period in 2008. The big jump can be attributexd tothe bank’s strong loan and deposit growth last year as it deepenedc its roots in the market. Through the end of March, Park Sterling reports totaol loansat $387 million, up 47% from the first quartee of 2008. Deposits have growm even faster, rising 66% to $369 The bank has total assetsof $446 up 53% from a year earlier. Park Sterling “continued to make good progresz in the first quarter in an extremelychallenginvg environment,” says Bryan Kennedy, chief executive.
“We were especially fortunate to be able to welcome manynew full-servicee clients.” The bank also has managed to keep its loan book with only 0.64% of its assets classifiecd as nonperforming. “While we are seeing improvingy operating margins and othet positive signs for the industry and our we know that the overall economu will continue to pose assetquality issues, and we are workinhg diligently to maintain profitability throughn this difficult period,” Kennedy Local competitor also reported a profir in the first quarter, thoughu it was much lower than last year’s. Firsy Trust earned $638,000 in the latest quarter, down from $972,009 a year earlier.
The bank citeas higher provisions for loan amongother factors. Total assets and loans both increased 10% in the first quarter to $466 million and $338 million, respectively. “Despit e the challenges the banking industryis facing, First Trust Bank remains focusec on operating in a safe and sounds manner while providing value to our shareholders and funding to qualified borrowers,” says Jim Bolt, Firsr Trust chief executive. He adds: “While we hope for positivwe signs of recovery from this recession in the second halfof 2009, it remainss one of the most challenging years for the bankingt industry in recent history.
” this week reportede it leads the nation in refinancinhg Freddie Mac home loansd as part of the Obama administration’s Making Home Affordable The bank, which bought Charlotte-bases last year, says it refinanced $21 millionj in Freddie Mac loan in April. Altogether, the Cincinnati-based bank has refinancee $1.98 billion in home loans in the pasttwo months. Locapl marketing director George Dick saysFifth Third’s N.C. affiliate has seen its mortgags volume triple since the first ofthe year, mostly becaused of the refi boom. Charlotte small-business investor recently closeda $4 million investmenty in MPD Holdings, a Pennsylvania polymer manufacturer.
Part of the investmen helped fundthe MPD’s acquisition of Acme, N.C.-basedf Silar Laboratories, which makezs silicone products for high-tech MPD is the 23rd company to join Plexus’ portfolio. To Plexus has deployed $68 milliob of its first fund. Principal Bob Anderds says the company is working to raise capita l for a secondinvestment fund.
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