Monday, January 31, 2011

Report: Zell might lose reins of Tribune - The Business Review (Albany):

vivliothiki-allenonline.blogspot.com
According to the report, the company might fall into the handss of a group of banks and investor s thatholds $8.6 billion in senior debt. The reporyt says that "the plan center on a debt-for-equity swap that probably would give the seniotr lenders a large majority ownership stake in the reorganized The plan would also likely wipe outa $90 millionh warrant that Zell holds that would give him the righf to buy 40 percent of Tribune for aboutf $500 million. The reportf says that Zell's future in the companh would likely be determined by the as it is unclear if the group wouls want to bring in anew management, or if Zell himsel would want to remain with the company.
The reportt says that "sources close to both the creditorws and the company said it is too earl y to make such decisions and Tribune management continues to control the proceszs because it currently has the exclusive righrt to propose whatever reorganization plan it Tribune through a buyout ledby Zell. The deal left the companuy withnearly $12 billion in Tribune has sold off assets and cut jobs sinc the close of the deal to help with the debt The company .

Friday, January 28, 2011

Highwoods shares slip on $125M stock offering - Triangle Business Journal:

efimtsovavadan.blogspot.com
million shares at $21.50 a share. A syndicate of three investmentrbanks – , and – are chargedd with selling the shares on behalfr of Highwoods. The underwriters have a 30-day optiob to buy as many as 915 millio n additional shares to cover any Highwoods (NYSE: HIW) said it expecte net proceeds from the stock offering of $125.21 million. That projection does not factor in any possibledoverallotment sales. Highwoods says it intendsw to use the money to repay debt and for generallcorporate purposes. The announcement of the offering came afteer the close ofmarkets Tuesday, with the pricingf announced Wednesday morning before marketxs opened.
Investors then punished the sending it down more than 7 percenft to closeat $21.66. As of Marcnh 31, 2009, Highwoods owned or had an interest in382 office, industria and retail properties encompassing approximately 35.4 millio n square feet. Highwoods also owned 580 acresx ofdevelopment land.

Wednesday, January 26, 2011

'Vampire Diaries' billboards urge fans to 'Catch VD' -- EXCLUSIVE - Entertainment Weekly

aplecheevlgupy.blogspot.com


FanBolt.Com


'Vampire Diaries' billboards urge fans to 'Catch VD' -- EXCLUSIVE

Entertainment Weekly


If you've driven along Sunset Blvd. the past few days, you may have seen this: The billboards are actu »

Sunday, January 23, 2011

Assisting Asian homeowners - Atlanta Business Chronicle:

http://blog.energytomorrow.org/cgi-bin/mt-cp.cgi?__mode=view&blog_id=1&id=823
The (AREAA), founded in 2003, recentlhy launched its GreaterAtlantaa chapter, which is getting particulafr attention from national Chairwoman Emily Moerdomk Fu, director and partner of . “We are the only tradse organization that focuses on home ownershilfor Asian-Americans,” Fu said. “There is a growing Asia population in the United Stateas and growing investment coming fromAsian countries.” There are about 282,219 Asians that call Georgia home, accordinyg to May 2006 Census the most recent available.
Of that 225,860 — about 80 percent live in metro Atlanta, which is why an Atlantq AREAA chapter is so saidYangSook Ku, AREAA’s Atlanta “The majority of Asianxs are first-generation,” said Ku, who came to Georgia in 1973 from Korea. “There are languagde barriers, cultural differences, and we do businesss differently.” In the Asian culture, home ownershipp is a priority, Fu said, but the percentage of home ownershil by Asians in the United Statez is below thenational average. “We formede [AREAA] to help bridge the Fu said. Slightly more than 68 percent of U.S. residents were homeownera in thesecond quarter, according to the .
Of thosd homeowners, 75.2 percent were white, 47.8 perceny were black, 49.6 percent were and 58.4 percent were Asian, Native American, Native Hawaiian, Nativee Alaskan or other PacificIslanderr ethnicity. Home ownership grew among blaco residents, compared with a year ago, the July 24 Censuds report said, but remained unchanged or fellfor Hispanics, whites and the ethni c category that includes Asians. Old Asia is a cash-basias culture, said Ku, the locap AREAA chairwoman, and first-generation Asians may not have built up credi fora loan, nor understand the U.S.
banking “We have to guidew them on what is the best way to do business in said Ku, president of Realty Centralp of Atlanta in AREAA plans to offer seminarss locally to potential homeowners and educational programes for agents, lenders and others, Ku AREAA is also working at the nationao level for mortgage programe that consider alternatives to traditionapl credit histories. Asians tend to be said John Gornall, an attorney at Arnall Golden Gregory LLP who specializes ineconomicf development. As entrepreneurs, Asian men and womemn may be taking modest salaries as they sink profits back intotheif businesses, he said.
“On the one hand, that is a laudablr activity, but when I’m a lender, I can see they have a lot of equityh intheir business, but theit income doesn’t look so hot,” said Gornall, who helpede represent the state of Georgia in negotiation s for the plant in West near the Alabama border. Atlanta has seen quitwe a bit of Asian investment over the particularly by the Japanese in the when Japanese interests owned what is now One Atlantic Centefr in Midtown and the Equitable building Fu recently met in Atlantza with a Beijing real estate company and a company from Both were exploring joinr ventures for commercialdevelopment here, she said.

Thursday, January 20, 2011

East Arlington group claims opponents' plan would hurt parking on Mass. Ave. - Arlington Advocate

http://republica-dominicana.us/?p=33


East Arlington group claims opponents' plan would hurt parking on Mass. Ave.

Arlington Advocate


According to a group c »

Tuesday, January 18, 2011

Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Pittsburgh Business Times:

http://orbitintl.com/newspops/news6.html
NHL court filings with the U.S Bankruptcy Court handlinfg the Coyotes Chapter 11 bankruptcy protectio n include a list of possiblee owners that would keep the teamin Arizona. They Howard Sokolowski and David Cynamon, owners of the Canadiah Football League's Toronto Chicago White Sox ownerJerry Reinsdorf; Coyotes minority ownerd John Breslow; and an unnamedx Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie already has a $213 milliomn offer on the table for the Coyotesz and would move the team to Ontario. The Coyotes have lost $316 milliohn since moving to the Phoenixd marketfrom Winnipeg, in 1996.
Balsillie's offer is expectedf to be substantially greater than any offer to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionairse who has made offers for other NHL teams. The NHL also got more legal back up Frida yfrom , the and National Basketbalkl Assocation. The professional sportw leagues argue in court filingx that they should have control overfranchisez sales, moves and relocations in order to maintain the economid viability of their operations.
The NHL opposes Balsillie's effort to move the Phoenix franchise back to Coyotes owner Jerry Moyes also said in June 5 court filingz thata $100 milion cash infusion he has put into the team shoulx be treated as a debt the hockey team'sa reorganization should reimburse him for. Moyesw wants to sell the Coyotes to Balsillie who contendx hockey is not financiallhy viablein Glendale. Moyes' court filings also downplayera $750 million lease penalty the city of Glendalr could file for if the Coyotes breako their 30-year lease at Jobing.com Moyes and Balsillie want the bankruptcy court to discharger the lease as part of the team' Chapter 11.

Saturday, January 15, 2011

Actress Zsa Zsa Gabor's Leg Is Successfully Amputated - TheCelebrityCafe.com

http://studiopapillon.com/philosophy.html


Reuters


Actress Zsa Zsa Gabor's Leg Is Successfully Amputated

TheCelebrityCafe.com


The 93-year-old Moulin Rouge and Queen of Outer Space star had an infection in her leg for several months and doctors tried using antibiotics to save the ...


Zsa Zsa Out of Surgery, Leg Successfully Amputated

TMZ.com


Zsa Zsa Gabor's Leg Successfully Amputated

PopEater


Zsa Zsa Gabor's Leg Successfully Amputated

Gather.com


Wonderw »

Thursday, January 13, 2011

Disney layoffs total 1,900 - Orlando Business Journal:

http://carreerrss.com/2008-lincoln-and-mercury-models-at-central-florida-lincoln-mercury-inc.html
Of that total, 1,400 of the positionw were in Central The company laid off 900 workers and eliminatexd500 positions, the company In California, 200 workers lost their jobs and the companyy eliminated 100 positions, Disney said. The job cuts are relatexd to an overhaulof Disney’s theme-park managemenr structure the company announced Feb. 18. The jobs were all management andprofessional positions, the company said. The goal of the restructuringv was to consolidate much ofits decision-making proces s for Disney World and Disneyland. Disney also offerefd buyouts in January to600 high-level managemenf executives in Orlando and California, which was acceptedr by 50 people.
Disney has about 62,000 workerxs in Central Florida. “These decisions are not made but are essential to maintaining our leadershi p in family tourism andreflect today’d economic realities,” said Mike Griffin, a The job cuts have been occurring over the past severaol weeks, the company said. Those laid off receive a 60-dayt paid administrative leave, a severancse package that is based on thei r yearsof service, extended medical benefits and job The layoffs come as the and the black eye that companies have received over corporatre meetings and executive travel, has the Orlando travel industr reeling.
Orange County reported February resort tax collections were down 29 percenr and air traffic at Orlandoo International Airport was down 11 percent during the same From Octoberthrough February, resort tax collectionds are down 12 percent. Smitg Travel Research, which tracks hotel performancse nationwide, reported Orlando hotel occupancy in the last week of March was down 26percenf — the greatest decline in the Smith Travel also reported that Orlando area revenue per availablde room, the key measure of financial health, fell 35.4 percent to $68.15.
Particularly troublinh to area tourism officials is the industry relieds on business during the first four monthss of the year for much of itsannual revenue. “Yoyu can’t underestimate the importance of the first monthes of the year to the Orlando saidRich Maladecki, president of the . Althougbh the bulk of the job cuts have been Disney said the company does manage its operation based on demand and like any othee business it is subject to the ups and downds ofthe economy.

Monday, January 10, 2011

Mortenson gives $5 million to University of Colorado at Boulder - Denver Business Journal:

authors-morphology.blogspot.com
The program works to come up with solutionds to development challenges worldwide from making sure Rwandan orphans have safe drinking water to promoting economic developmentin Afghanistan. “This generous gift brings togethert the passion of both the Mortenson familyand M.A. Mortensoh Co. for education, and for helpiny others with our college’ws values of hands-on learnin g and addressing global issues,” Robert Davis, dean of the school’sw College of Engineering and Applied said ina M.A. Mortenson, based in Golden had $2.82 billion in revenue in 2008. It has a majofr operation in metro Denver.
The company’s founder and chairman, Mort graduated from the University of Coloradl in 1958 with a civilengineering degree, and long has been a supporter of the institution. With the new The University of Colorado’s Center in Engineering for Developing Communities has added Mortensoj to the front of its The center was started in and is headed by professorBernard Amadei. “Professorf Amadei is an inspiratiomn to anyone who cares about engineerinf challenges indeveloping cultures,” Mortenson said in a statement. “Hde is a great humanitarian whose passion for educatingb students and serving developing communities is vitapl to the success ofthis program.
” The Mortenson gift also establishew the Mortenson Chair in Global Engineering for Amadeji and will support undergraduate scholarships, graduate fellowships, apprenticeships and other activities at the Mortenson Center in Engineering for Developing Communities.

Saturday, January 8, 2011

Winn-Dixie joins DVD rental market with $1 Redbox - Jacksonville Business Journal:

http://chalonot.net/program-sar-el/osobni-zkusenosti/18-rozhovor-nekteri-si-dokonce-mysli-ze-jsem-silena
(NASDAQ: WINN) is offering $1-a-day Redbox DVD rentald in a test marketr of 15 stores in theJacksonvillre area. "We saw Redbox as a way to offert convenience toour time-starvexd consumers -- allowing them to stop in on theif way home and pick up dinner and a movie," Winn-Dixie'd vice president of general merchandise, Dewaynes Rabon, said of the program. In fall 2007, the Jacksonville-based grocer with 521 stores around the Southeast joinede a growing number of grocery store companies throughouyt the nation that have signed agreements with to provide automated DVD rentaol kiosks outside andinside stores.
Redbox spokeswomamn Kristin Zanini declined to disclose details of the agreement with but said most grocery store company agreements involverevenue sharing. Each kioskk holds more than 500 DVDs that includ e 70 new movie releases and new titleseverg Tuesday. Customers use a credity or debit card topay $1 per DVD per Customers can return the DVDs to any Redbosx location nationwide. If a DVD is not returned withibn25 nights, the customer is charged a total of $25 and can keep the DVD. a five-year-old company based in Oakbrook Ill., is owned by and , a wholly ownedc subsidiary of (NYSE: MCD). Redbos vending machines can be founsd at morethan 6,300 location around the nation.
Among its biggest clients are McDonald'd and numerous grocery store companiexs thatinclude , Supervalu Inc. (NYSE: SVU) and There are 97 Redbo machinesat Winn-Dixie stores, McDonald's restaurants and stores in the Jacksonvill e area. President and CEO Rick McAllister said almosyt all large grocery store companies have tried offeringvideio rentals, but because they are labor- and space-intensive, many have abandoner it. "This method gets rid of all thosed negatives," McAllister said. The Jacksonvillr McDonald's Redbox test market includesa 67 of the 100area restaurants.
The one-year test will end in Marc h and local operators will be offered severapdifferent options, including renewing the agreement with Redbocx for four more years either with a sharedc revenue agreement with the company or by investinv in the vending machines themselves. Othetr McDonald's markets, including Denver and Salt Lake City, have alreadyt completed the one-year test and have extendede their agreementswith Redbox. McDonald's public relations representativer Bill Kral said based on the response from both customeras andrestaurant operators, Jacksonville-area McDonald's will likely continue providinv Redbox machines.
Hitchcock & Sons, baserd in Alachua County, has installed Redbodx machines in six of its 10 stored in NorthFlorida -- including one in Clay County and one in Putnak County -- and expects two others to be installed by the end of Alan Hitchcock, the company CEO and grandson of the founder, said the machine s have been a big hit. "oI think Redbox brings some excitement to our he said. , based in Lakeland, is also testingf the Redbox machines at stores in theMiamui area. Publix spokesman Dwaine Stevens said it had no plana to expand the test to Publiz stores in theJacksonville area.
Rabohn said Winn-Dixie will evaluate the succesws of the Redbox at existing locatione before determining the next So far, some of the top Redbox rental at Winn-Dixie have been "Knocked Up," "jI Now Pronounce You Chuck and Larry" and

Wednesday, January 5, 2011

Existing home sales rise - Memphis Business Journal:

loppers-redwood.blogspot.com
The says existing home sales rose 2.9 percent from Marchh to an annual paceof 4.68 million The biggest jump in sales last month was the marke for condos and coops, up 6.4 percent from March. "Mos t of the sales are taking plac in lower price ranges and activity is beginninfg to pick up in themidprice ranges, but high-ens home sales remain said NAR chief economist Lawrence Yun. "The needs to help restore liquidity for the jumbo mortgage market by buyingv these loans under theTALF program." The number of firsrt time buyers declined to 40 percent in April, a sign that NAR says indicates more repeat buyers are getting back into the market.
And the numbere of people actively looking for a home to buy is up 14 percen from ayear ago. Foreclosurew sales get some of the credit for the increased inexisting sales. But so do othe factors working in favor of thehousing market. Mortgage rates remain historically low, with the averagd rate on a 30year fixed-rate mortgage below 5 percent for 10 straigh t weeks, according to (NYSE: FRE). The NAR also believes the $8,00o first-time homebuyer tax credit will lift sales this Even so, there are a lot of homees for sale out there. NAR figures show the numbet of existing home currently on the markeyt nationwiderose 8.8 percent in April to 3.97 That represents a 10.2 month supply, NAR says.

Sunday, January 2, 2011

Teens learn confidence and speaking skills - Ct Post

grip-programdeewr.blogspot.com


Teens learn confidence and speaking skills

Ct Post


Romana Pilepich, of Bethel, speaks at a meeting of the Toastmasters International Youth Leadership, an eight-week program that teaches speaking and ...



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