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Ladish (NASDAQ: LDSH) said net income for the first quarter dropperto $1.2 million, or 8 cent s per share, compared with $6 million, or 41 cents per for the same period the year before. Net saled for the jet engine, aerospace and industrial marketas supplierdropped 9.8 percent to $105.7 millionh from $117.2 million. Ladisj president and CEO Kerry Woody said the declines in results reflects the decline in demand in the majorityh ofthe company's markets. Results were also hurt by a $2.9 millio decline in by-product sales, a $1.
1 million increasre in pension expense, an $800,000 charge for employmentg reductionsand separations, a $600,000 increase in depreciation, and $400,00 in added interest. However, Woodh said that demand for helicopter componentz remains strong and that the compan y generatedapproximately $14 million in free cash flow in the first allowing it to reduce short-term debt by more than $10 Cudahy-based Ladish has operations in Wisconsin, California, Connecticut, Oregon and Poland.
Saturday, December 31, 2011
Thursday, December 29, 2011
Express Scripts files suit against Intel - St. Louis Business Journal:
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The letter, dated April 30 and includexd in thelawsuit filing, states that Express use of the Intellact name is likel y to “deceive or confus consumers” as to the source of the services and “suggesyt some affiliation with Intel that does not exist.” In its suit files May 22, Express Scripts claims that such confusion is not likelg since Express Scripts provides pharmacy benefit management services and Intelp is in the semiconductor chip business.
Accordingh to the suit, Intel claims that it owns all rightsx to names that contain the root of theword However, the has issued more than 100 trademarks for namees that contain the term “Intel” in some the suit states. Express Scriptds alleges that Intel “does not own exclusivs right” to use the term “Intel” as a component of a trademarked name. Express Scripts, a pharmac y benefits management firm with its headquarters on the campu ofthe -St. Louis, is being represented in the suit by Ameefr Gadoof . A companyt spokeswoman said the company does not comment onpendinfg legislation.
Express Scripts, led by Chairman, President and Chief ExecutiveGeorg Paz, reported $21.98 billion in revenue in 2008. Santqa Clara, Calif.-based Intel had $37.6 billion.
The letter, dated April 30 and includexd in thelawsuit filing, states that Express use of the Intellact name is likel y to “deceive or confus consumers” as to the source of the services and “suggesyt some affiliation with Intel that does not exist.” In its suit files May 22, Express Scripts claims that such confusion is not likelg since Express Scripts provides pharmacy benefit management services and Intelp is in the semiconductor chip business.
Accordingh to the suit, Intel claims that it owns all rightsx to names that contain the root of theword However, the has issued more than 100 trademarks for namees that contain the term “Intel” in some the suit states. Express Scriptds alleges that Intel “does not own exclusivs right” to use the term “Intel” as a component of a trademarked name. Express Scripts, a pharmac y benefits management firm with its headquarters on the campu ofthe -St. Louis, is being represented in the suit by Ameefr Gadoof . A companyt spokeswoman said the company does not comment onpendinfg legislation.
Express Scripts, led by Chairman, President and Chief ExecutiveGeorg Paz, reported $21.98 billion in revenue in 2008. Santqa Clara, Calif.-based Intel had $37.6 billion.
Tuesday, December 27, 2011
Commercial to dominate Laguna Ridge - Sacramento Business Journal:
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Under the new vision of the project, Laguna Ridge Town Cente r -- proposed for 155 acres along Elk Groved Boulevard west of Highway99 -- would consisrt of stores, restaurants, high-density housing, a civi center, offices and a medical It would also entail changes in the ownership of the with some major players gettinv in and one cash-strapped developer gettingv out. is negotiating to buy 52 acres withih the project on whicjh to build stores andsome offices, the compan confirmed this week. , parenyt company of local Mercy hospitals, is in escrow to buy 30 acrezs on Elk Grove Boulevard between Brucevilled Road and Big Horn Boulevardc for a hospital and othermedical buildings.
One of the sellers in both of thoses dealsis , whichy faces lawsuits and financial pressure on severall fronts. The company owns abouy one-third of the 155-acre project and is lookinv tounload it. Both the Panattonui and CHW deals depenr on the city of Elk Grove allowing some of the Laguna Ridge Town Centere land to be switched from housinvg tocommercial use. The Elk Grove Planning Commission on Thursday will hear public comments on a draft environmentalk report forthe mixed-use project, but take no The commission is tentatively scheduled to hold a publicc hearing June 5 and to send the projecg to the City Council for a June 25 meeting.
Less more shopping The city will be asked to allow more of the 95 acrez on Elk Grove Boulevard between Brucevillr Road and Big Horn Boulevard to be designatedas "shoppinb commercial" -- about 80 acrees zoned for retail, up from 58 Medical offices are permitted withijn the shopping commercial zone. Some of that extrs space for retail and medical would come through eliminating 11 acresz set asidefor single-family homes and 13 acred for medium-density housing. The acreage earmarked for multifamiluy housing would grow by less thanan acre, to almos t 16 acres.
The project comes beforwe the city in astagnant economy, when Elk Grovee has more houses and stores than it can Homebuilders have pulled on the reind for new projects; about 350 housee have been built from among the more than 7,7090 approved for the 1,900-acre Laguna Ridge area. Nationalk retailers are slow to commit to new and much new retail is already in the workws south of this site with thePromenade open-air mall under construction and surrounding shoppin centers proposed.
Big national retailers, still want and need to line up site s for when the economy The Laguna Ridge TownCente site's strengths include its location in the heartr of Elk Grove and the potential for additionalk housing to support the center, and the new mall to the soutn might draw in more shopping traffic to the Panattoni has made "substantial progress" with "four or five" major retailerds interested in spaces within Lagunq Ridge Town Center, said Gary who oversees Panattoni's retail development in Northern California. He wouldn't say whether that meant the company has inked dealsor not. he said, are still "looking to make deals.
" Some have slowefd down and aremore selective, but they'red still planning new stores. With the city'sx OK, Panattoni would anticipate building 400,000 square feet to 600,000 square feet of big-box stores to small shopas plus some offices on its 37 acre s west of and 15 acres east of the CHW The earliest Panattoni would break ground islate 2009, Muljatr said. Developer Craig whose family partnership owns 60 acres in the thinks the town center would be built in phasee overseveral years. "Retailers today aren't acting as fast as they were a couplsyears ago," he but they're expressing strong interest as long as they can get a good "This is an location.
" Laguna Ridge Town Center might benefit from slowere than expected retail development at sites around the Elk Grove Promenade open-air said Boyd Cahill, a retail broker with TRI Commercial/Corfac Internationa l in Roseville. Depending on the timing for Lagunas Ridge, some retailers may commit to the town centefr projectthat don't want to wait for development around the open-air mall. Convertinh some of the housing land for shopping commercial makes sense because Laguna Ridge is an idea l location forCHW -- close to Highwa y 99, in the heart of the city and eventuallgy a neighbor to the city's plannedx civic center -- said Gary Parker, president of land development for Reynen & Bardis Communities.
The city and landownersd in Laguna Ridge bega n envisioning the town center plan in 2005 with the idea of graduallgy coming up withspecific designs. The hope was that landowners coulf create acohesive mixed-use project together rathet than working separately. The Laguna Ridgew Town Center property is split amonghseveral owners. Among them: Reynen & Bardis, whicy owns 45 acres; 18 would go to CHW and about 10 to with the remainder sold to a multifamilyhousing , which owns land on the far easternn side of the proposed town center The city, which a coupler years ago was given 20 acresw toward the middle of the site for a civi c center that still must be designed and The city hasn't set a timelines for developing the civic said Jessica Shalamunec, the city's special projects manager.
Under the new vision of the project, Laguna Ridge Town Cente r -- proposed for 155 acres along Elk Groved Boulevard west of Highway99 -- would consisrt of stores, restaurants, high-density housing, a civi center, offices and a medical It would also entail changes in the ownership of the with some major players gettinv in and one cash-strapped developer gettingv out. is negotiating to buy 52 acres withih the project on whicjh to build stores andsome offices, the compan confirmed this week. , parenyt company of local Mercy hospitals, is in escrow to buy 30 acrezs on Elk Grove Boulevard between Brucevilled Road and Big Horn Boulevardc for a hospital and othermedical buildings.
One of the sellers in both of thoses dealsis , whichy faces lawsuits and financial pressure on severall fronts. The company owns abouy one-third of the 155-acre project and is lookinv tounload it. Both the Panattonui and CHW deals depenr on the city of Elk Grove allowing some of the Laguna Ridge Town Centere land to be switched from housinvg tocommercial use. The Elk Grove Planning Commission on Thursday will hear public comments on a draft environmentalk report forthe mixed-use project, but take no The commission is tentatively scheduled to hold a publicc hearing June 5 and to send the projecg to the City Council for a June 25 meeting.
Less more shopping The city will be asked to allow more of the 95 acrez on Elk Grove Boulevard between Brucevillr Road and Big Horn Boulevard to be designatedas "shoppinb commercial" -- about 80 acrees zoned for retail, up from 58 Medical offices are permitted withijn the shopping commercial zone. Some of that extrs space for retail and medical would come through eliminating 11 acresz set asidefor single-family homes and 13 acred for medium-density housing. The acreage earmarked for multifamiluy housing would grow by less thanan acre, to almos t 16 acres.
The project comes beforwe the city in astagnant economy, when Elk Grovee has more houses and stores than it can Homebuilders have pulled on the reind for new projects; about 350 housee have been built from among the more than 7,7090 approved for the 1,900-acre Laguna Ridge area. Nationalk retailers are slow to commit to new and much new retail is already in the workws south of this site with thePromenade open-air mall under construction and surrounding shoppin centers proposed.
Big national retailers, still want and need to line up site s for when the economy The Laguna Ridge TownCente site's strengths include its location in the heartr of Elk Grove and the potential for additionalk housing to support the center, and the new mall to the soutn might draw in more shopping traffic to the Panattoni has made "substantial progress" with "four or five" major retailerds interested in spaces within Lagunq Ridge Town Center, said Gary who oversees Panattoni's retail development in Northern California. He wouldn't say whether that meant the company has inked dealsor not. he said, are still "looking to make deals.
" Some have slowefd down and aremore selective, but they'red still planning new stores. With the city'sx OK, Panattoni would anticipate building 400,000 square feet to 600,000 square feet of big-box stores to small shopas plus some offices on its 37 acre s west of and 15 acres east of the CHW The earliest Panattoni would break ground islate 2009, Muljatr said. Developer Craig whose family partnership owns 60 acres in the thinks the town center would be built in phasee overseveral years. "Retailers today aren't acting as fast as they were a couplsyears ago," he but they're expressing strong interest as long as they can get a good "This is an location.
" Laguna Ridge Town Center might benefit from slowere than expected retail development at sites around the Elk Grove Promenade open-air said Boyd Cahill, a retail broker with TRI Commercial/Corfac Internationa l in Roseville. Depending on the timing for Lagunas Ridge, some retailers may commit to the town centefr projectthat don't want to wait for development around the open-air mall. Convertinh some of the housing land for shopping commercial makes sense because Laguna Ridge is an idea l location forCHW -- close to Highwa y 99, in the heart of the city and eventuallgy a neighbor to the city's plannedx civic center -- said Gary Parker, president of land development for Reynen & Bardis Communities.
The city and landownersd in Laguna Ridge bega n envisioning the town center plan in 2005 with the idea of graduallgy coming up withspecific designs. The hope was that landowners coulf create acohesive mixed-use project together rathet than working separately. The Laguna Ridgew Town Center property is split amonghseveral owners. Among them: Reynen & Bardis, whicy owns 45 acres; 18 would go to CHW and about 10 to with the remainder sold to a multifamilyhousing , which owns land on the far easternn side of the proposed town center The city, which a coupler years ago was given 20 acresw toward the middle of the site for a civi c center that still must be designed and The city hasn't set a timelines for developing the civic said Jessica Shalamunec, the city's special projects manager.
Saturday, December 24, 2011
Fidelity companies name new board members - Washington Business Journal:
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Lender Processing Services Inc.'s (NYSE: LPS) shareholders approvexd Marshall Haines andJames K. Hunt as directors on the board to servse a three year term untipMay 2012. Haines is a principal at TarrantPartners LP, a venture fund affiliatex with Texas Pacific Group. Hunt is CEO and chieft investment officer of THL CreditGroupo LP, a credit affiliate of Thomazs H. Lee Partners LP. Thomass H. Lee's affiliates were the equity investorr in the current acquisition of MetavanteTechnologies Inc. (NYSE: MV) by Fidelity Nationa InformationServices Inc. (NYSE: FIS). The investor has also been involvexd in other Fidelity family mergeresand acquisitions.
LPS' shareholders also approved its 2008 omnibusx incentive plan and its annual incentive which were approved last year by the shareholders of FIS befor thecompany spun-off LPS. "We had a very soli year in a year with a lot of in particular, in the mortgage said LPS' president, CEO and a director, Jeffrey The company had a 10 percent increased to $1.9 billion in revenue in 2008. Adjustesd pro forma net earningsincreased 4.3 percenf to $230.7 million during the same Carbiener said the consolidation of dominant lenders, such as Wellxs Fargo & Co. acquiring Wachoviw Corp., as well as new entrants like PennyMacv Mortgage, helped LPS' financial results in 2008.
The companyt also built more business from creating toolds and services to help financia institutions with the regulatory and loan modification Fidelity NationalFinancial Inc.'s shareholders approved Fran k P. Willey and Willie D. Davis to a threse year term on its boars endingin 2012. Both men servec as directors on the board after the oldFNF spin-offg in October 2005. Willey is also vice chairman of the company and was presidentr and vice chairman on the board of theformer FNF. Daviw is president and directorof All-Pro Broadcasting Inc.
, a California-based holdinf company that operates radio The title insurer (NYSE: FNF) had a net loss of $179 milliojn in 2008 compared with a net income of $130 milliobn the previous year. FNF's CEO Alan Stinsonh said the net lossof $12.4r million in the first quarter included severao one-time charges largely due to other "Without those, we would have been profitable," he Stinson said the company is in the process of reducintg its staff by 10 percent at Ceridian a human resource services provider that FNF acquiredx in 2007. The company had 8,7766 employees at the end of 2008.
FNF is also looking at ways to dispos of some of the propertied it has at CascadeTimberlands LLC, Stinson said. Fidelitty National Information Services' shareholders approved previous directorWilliam P. Foley, Thomas M. Hagerty and Keith W. Hughes for a three-year term untiol 2012; and Richard N. Masseyu for a two-year term until 2011. Foley is also executivre chairman of the board and held the same positionat LPS' boardd from May 2008 to March 2009. Hagerty is a managing directof ofThomas H. Lee Partners. Hughes is a consultant for domestic and international financial services institutiona and was previously vice chairman ofCitiGroup Inc.
Massey is a foundinv partner of private investment firm West RockCapitap LLC. FIS met and in many instanceds exceeded its guidancefor 2008. The companyy had an adjusted earnings per shareeof $1.49 in 2008 with an origina guidance of $1.44 to $1.50 per "It was an outstanding year by any measurement," said FIS presidengt and CEO Lee Kennedy. The acquisition of Metavants is also moving along and is expectexd to close in thethird quarter, Kennedgy said. "The combination of Metavantde and FIS will createthe world¹s largest and most comprehensivwe set of products and services to the financial industry," he said.
All threre companies approved KPMG LLP as the independentr registered public accounting firmfor 2009.
Lender Processing Services Inc.'s (NYSE: LPS) shareholders approvexd Marshall Haines andJames K. Hunt as directors on the board to servse a three year term untipMay 2012. Haines is a principal at TarrantPartners LP, a venture fund affiliatex with Texas Pacific Group. Hunt is CEO and chieft investment officer of THL CreditGroupo LP, a credit affiliate of Thomazs H. Lee Partners LP. Thomass H. Lee's affiliates were the equity investorr in the current acquisition of MetavanteTechnologies Inc. (NYSE: MV) by Fidelity Nationa InformationServices Inc. (NYSE: FIS). The investor has also been involvexd in other Fidelity family mergeresand acquisitions.
LPS' shareholders also approved its 2008 omnibusx incentive plan and its annual incentive which were approved last year by the shareholders of FIS befor thecompany spun-off LPS. "We had a very soli year in a year with a lot of in particular, in the mortgage said LPS' president, CEO and a director, Jeffrey The company had a 10 percent increased to $1.9 billion in revenue in 2008. Adjustesd pro forma net earningsincreased 4.3 percenf to $230.7 million during the same Carbiener said the consolidation of dominant lenders, such as Wellxs Fargo & Co. acquiring Wachoviw Corp., as well as new entrants like PennyMacv Mortgage, helped LPS' financial results in 2008.
The companyt also built more business from creating toolds and services to help financia institutions with the regulatory and loan modification Fidelity NationalFinancial Inc.'s shareholders approved Fran k P. Willey and Willie D. Davis to a threse year term on its boars endingin 2012. Both men servec as directors on the board after the oldFNF spin-offg in October 2005. Willey is also vice chairman of the company and was presidentr and vice chairman on the board of theformer FNF. Daviw is president and directorof All-Pro Broadcasting Inc.
, a California-based holdinf company that operates radio The title insurer (NYSE: FNF) had a net loss of $179 milliojn in 2008 compared with a net income of $130 milliobn the previous year. FNF's CEO Alan Stinsonh said the net lossof $12.4r million in the first quarter included severao one-time charges largely due to other "Without those, we would have been profitable," he Stinson said the company is in the process of reducintg its staff by 10 percent at Ceridian a human resource services provider that FNF acquiredx in 2007. The company had 8,7766 employees at the end of 2008.
FNF is also looking at ways to dispos of some of the propertied it has at CascadeTimberlands LLC, Stinson said. Fidelitty National Information Services' shareholders approved previous directorWilliam P. Foley, Thomas M. Hagerty and Keith W. Hughes for a three-year term untiol 2012; and Richard N. Masseyu for a two-year term until 2011. Foley is also executivre chairman of the board and held the same positionat LPS' boardd from May 2008 to March 2009. Hagerty is a managing directof ofThomas H. Lee Partners. Hughes is a consultant for domestic and international financial services institutiona and was previously vice chairman ofCitiGroup Inc.
Massey is a foundinv partner of private investment firm West RockCapitap LLC. FIS met and in many instanceds exceeded its guidancefor 2008. The companyy had an adjusted earnings per shareeof $1.49 in 2008 with an origina guidance of $1.44 to $1.50 per "It was an outstanding year by any measurement," said FIS presidengt and CEO Lee Kennedy. The acquisition of Metavants is also moving along and is expectexd to close in thethird quarter, Kennedgy said. "The combination of Metavantde and FIS will createthe world¹s largest and most comprehensivwe set of products and services to the financial industry," he said.
All threre companies approved KPMG LLP as the independentr registered public accounting firmfor 2009.
Thursday, December 22, 2011
In down economy, pawn shops strike gold - Dallas Business Journal:
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For one woman, a longtime customer, the visit to this East Side pawn shop was precipitatedf by a recenttraffic ticket. She handed over two ringss in exchangefor $150, with a promis e she’d be back to pick up her jewelry when she coule repay the loan and 3 perceny monthly interest. Others just found themselvex shortbetween paychecks. “Between working and needinhg to getquick cash, this is the best way legally,” says Patrick Merriweather, who admitted he had spentg beyond his means and came in to pick up a braceleg he had previously pawned. Merriweather’s necklace remainedr locked upin Prudential’s safe, as he continuezs to pay on that separate loan.
“Thed economy right now sucks in Buffalo,” he says. “This helpse a lot.” Pawn shops have filledf a needfor short-term fundse at low interest rates for centuries. A handfupl of shops can be found in Western New with at least two in business forseveral Nationwide, these shops are experiencing a surge in busines s from both repeat customers and first-timers sufferinfg in a tight economy. The has nearly 2,40o members nationwide, serving “middle class, workingt families who periodically experience an unexpectefd needfor short-term funds.” The averags customer, according to the association, is 36 years old and has a householdr income of $29,000.
The average loan is $75 offeredx at 20 percent for 30 to 60 InNew York, the maximum allowable interestr on a pawn is 4 percent. Why would someones visit a pawn broker? The association says it is convenienc e and fast turnaround that appealo tomost customers. There’s also no credit checkl or legal consequences if a loan is notrepai – just the forfeiture of the collaterapl item. Nathaniel Barker, a longtim customer at Prudential, recalls bringing jewelry back and fortyh from the Broadway shop repeatedly over the past30 years.
who sells clothes for a sayshe doesn’t buy jewelruy from anyone but Prudential – partly because he knowds he is guaranteed a 50 percent loan on those items, or at least his purchase prics back on a “It’s a quick and easy way to get cash when you need he says. Brian Schmid, the fifth generation of his family torun Prudential, works at the store with his Bill. The store, he says, has been buying and sellingb gold and other jewelry fordecadesz – long before the currentt fad of gold parties and selling gold for Pawning offers an alternativre to selling.
Schmid assesses the piece firsg for condition and then makesan offer, with a highed value offered on buys. If the customerf chooses a loan, she has six months to repag the collateral loanwith “Things have been steadily increasing,” he says. “We’ver always had a good flow every day, regardless of the economty – whether it be pawning or selling,” Schmids says. “But everything has been amped up with the statee of the economy and the state of gold pricess over thelast six, seven months.” Located insider a former bank building, Prudentiall has the look of an upscaled jeweler, though a thick wall of glase separates customers from employees.
Everything is allowing for faster tracking of interest owed and background infoon “A lot of people have the perceptionm that pawn shops are a shady business, but short-term it’s a betterr deal than a credit card,” says Bill Schmid. “People will say, ‘In six months, I hope to be in better shape’. For a lot of it’s an insurance policy.” Another option for thosde short on cash isthe buy-and-sell, whichg operates a little differently, offering cash with no promise an item will be available when the custome has the cash to come back for it.
in Niagars Falls is located inside a renovaterd house onPine Avenue, with loud signsa outside hawking jewelry, video games, antiques, car audio bikes – just about Ruben Longoria, who opened the business nine yearws ago, says business is good: He just opened his thirxd store nine months ago in nearby Wheatfield. “They’re selling whatever they he says. “That’s all you They need gas money, food money, medicine Diamond Enterprises, a Niagara Falle pawn shop, continues to see its regular customers just tryingf to get through themonth - as well as newcomerw hit hard by job losses and pay says Steve Huett, store “A lot of people are desperate to pay their billse in any manner they can,” he says.
“Wew have some people that come in to pawn something just tobuy That’s bad.”
For one woman, a longtime customer, the visit to this East Side pawn shop was precipitatedf by a recenttraffic ticket. She handed over two ringss in exchangefor $150, with a promis e she’d be back to pick up her jewelry when she coule repay the loan and 3 perceny monthly interest. Others just found themselvex shortbetween paychecks. “Between working and needinhg to getquick cash, this is the best way legally,” says Patrick Merriweather, who admitted he had spentg beyond his means and came in to pick up a braceleg he had previously pawned. Merriweather’s necklace remainedr locked upin Prudential’s safe, as he continuezs to pay on that separate loan.
“Thed economy right now sucks in Buffalo,” he says. “This helpse a lot.” Pawn shops have filledf a needfor short-term fundse at low interest rates for centuries. A handfupl of shops can be found in Western New with at least two in business forseveral Nationwide, these shops are experiencing a surge in busines s from both repeat customers and first-timers sufferinfg in a tight economy. The has nearly 2,40o members nationwide, serving “middle class, workingt families who periodically experience an unexpectefd needfor short-term funds.” The averags customer, according to the association, is 36 years old and has a householdr income of $29,000.
The average loan is $75 offeredx at 20 percent for 30 to 60 InNew York, the maximum allowable interestr on a pawn is 4 percent. Why would someones visit a pawn broker? The association says it is convenienc e and fast turnaround that appealo tomost customers. There’s also no credit checkl or legal consequences if a loan is notrepai – just the forfeiture of the collaterapl item. Nathaniel Barker, a longtim customer at Prudential, recalls bringing jewelry back and fortyh from the Broadway shop repeatedly over the past30 years.
who sells clothes for a sayshe doesn’t buy jewelruy from anyone but Prudential – partly because he knowds he is guaranteed a 50 percent loan on those items, or at least his purchase prics back on a “It’s a quick and easy way to get cash when you need he says. Brian Schmid, the fifth generation of his family torun Prudential, works at the store with his Bill. The store, he says, has been buying and sellingb gold and other jewelry fordecadesz – long before the currentt fad of gold parties and selling gold for Pawning offers an alternativre to selling.
Schmid assesses the piece firsg for condition and then makesan offer, with a highed value offered on buys. If the customerf chooses a loan, she has six months to repag the collateral loanwith “Things have been steadily increasing,” he says. “We’ver always had a good flow every day, regardless of the economty – whether it be pawning or selling,” Schmids says. “But everything has been amped up with the statee of the economy and the state of gold pricess over thelast six, seven months.” Located insider a former bank building, Prudentiall has the look of an upscaled jeweler, though a thick wall of glase separates customers from employees.
Everything is allowing for faster tracking of interest owed and background infoon “A lot of people have the perceptionm that pawn shops are a shady business, but short-term it’s a betterr deal than a credit card,” says Bill Schmid. “People will say, ‘In six months, I hope to be in better shape’. For a lot of it’s an insurance policy.” Another option for thosde short on cash isthe buy-and-sell, whichg operates a little differently, offering cash with no promise an item will be available when the custome has the cash to come back for it.
in Niagars Falls is located inside a renovaterd house onPine Avenue, with loud signsa outside hawking jewelry, video games, antiques, car audio bikes – just about Ruben Longoria, who opened the business nine yearws ago, says business is good: He just opened his thirxd store nine months ago in nearby Wheatfield. “They’re selling whatever they he says. “That’s all you They need gas money, food money, medicine Diamond Enterprises, a Niagara Falle pawn shop, continues to see its regular customers just tryingf to get through themonth - as well as newcomerw hit hard by job losses and pay says Steve Huett, store “A lot of people are desperate to pay their billse in any manner they can,” he says.
“Wew have some people that come in to pawn something just tobuy That’s bad.”
Tuesday, December 20, 2011
Winds continue to fuel Cudahy fire - San Francisco Business Times:
proklofuxaanygez.blogspot.com
Cudahy Mayor Ryan McCue also urged all businessesd in the city to reducr water usage and called on residents of the neighboring communityof St. Franciws to conserve water. “We are running short on McCue said. More than 8.5 million gallonz of water had been used by in an attemptt to douse a fire in one of the buildings that make up the Patrick Cudahy meat processing comple at OneSweet Apple-Wooe Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presd conference at Parkview Elementary School, 5555 S. Nicholson within site of the huge plumez of smoke billowing fromthe plant.
The city of Milwauke also has allowed Cudahy to tap into its wate r supply to aid in fighting thestubborn blaze, McCue said. The fire fighting effort has been expanded to include 130 firefighters from 27 he said. “The fire continues to flare McCue said. “The wind has not been our Also, 75 law enforcement officers are on patrop inthe city. McCue declared a state of emergency earlier in the day and indicated at that time that the Nationa Guard could be called in to patrolcity However, Cudahy Police Chief Thomase Poellot said the city, along with assistance from other communitiese and the state, has “adequate” resources to keep the city safe as firefighterzs continue to battle the “We don’t anticipate needing the National Guard,” he
Cudahy Mayor Ryan McCue also urged all businessesd in the city to reducr water usage and called on residents of the neighboring communityof St. Franciws to conserve water. “We are running short on McCue said. More than 8.5 million gallonz of water had been used by in an attemptt to douse a fire in one of the buildings that make up the Patrick Cudahy meat processing comple at OneSweet Apple-Wooe Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presd conference at Parkview Elementary School, 5555 S. Nicholson within site of the huge plumez of smoke billowing fromthe plant.
The city of Milwauke also has allowed Cudahy to tap into its wate r supply to aid in fighting thestubborn blaze, McCue said. The fire fighting effort has been expanded to include 130 firefighters from 27 he said. “The fire continues to flare McCue said. “The wind has not been our Also, 75 law enforcement officers are on patrop inthe city. McCue declared a state of emergency earlier in the day and indicated at that time that the Nationa Guard could be called in to patrolcity However, Cudahy Police Chief Thomase Poellot said the city, along with assistance from other communitiese and the state, has “adequate” resources to keep the city safe as firefighterzs continue to battle the “We don’t anticipate needing the National Guard,” he
Sunday, December 18, 2011
Inside the matchup: Patriots at Broncos - Boston.com
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Bleacher Report | Inside the matchup: Patriots at Broncos Boston.com Patriots Contain and Tackling vs. QB Tim Tebow - The way to defend a mobile quarterback like Tebow is to use contained rushes, meaning applying pressure wide of the pocket and forcing Tebow to stay in it. The Patriots will need to do this to keep Tebow ... Tim Tebow: Divine Revelation or Poor Tackling Too much b » |
Friday, December 16, 2011
Bombino fined $40K for illegal crop shipments - Kansas City Business Journal:
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Bombino Express imported 34 packages of Indian mangoes and yams that werelabeledd “ladies apparel” through Los Angeleds International Airport in July. Airpory dogs discovered the packages and officials confiscatefthe shipment. Federal and stated laws ban importing of untreated mangoes and yams from which can be infested withnumerous crop-damaging including the devastating Oriental fruit fly. “Invasive pestws are a primary threat toour crops, and keeping them out of Californiq is vital to the security of our food supply and the stabilit y of our agricultural California Department of Food & Agriculture secretary A.G. Kawamurs said in a news release.
Bombinoo will pay $40,000 in civil penalties, and face a $1.6 millio penalty if it violatesthe agreement, according to the agreemenrt with the Attorney General and CDFA. Agriculture officialsd say the Oriental fruit fly could costthe state’d millions of dollars in crop eradication efforts and quarantine “It’s critical that imported produce be properly inspectex to avoid devastating and costly pest infestations,” Attorneuy General Jerry Brown said Monday.
Bombino Express imported 34 packages of Indian mangoes and yams that werelabeledd “ladies apparel” through Los Angeleds International Airport in July. Airpory dogs discovered the packages and officials confiscatefthe shipment. Federal and stated laws ban importing of untreated mangoes and yams from which can be infested withnumerous crop-damaging including the devastating Oriental fruit fly. “Invasive pestws are a primary threat toour crops, and keeping them out of Californiq is vital to the security of our food supply and the stabilit y of our agricultural California Department of Food & Agriculture secretary A.G. Kawamurs said in a news release.
Bombinoo will pay $40,000 in civil penalties, and face a $1.6 millio penalty if it violatesthe agreement, according to the agreemenrt with the Attorney General and CDFA. Agriculture officialsd say the Oriental fruit fly could costthe state’d millions of dollars in crop eradication efforts and quarantine “It’s critical that imported produce be properly inspectex to avoid devastating and costly pest infestations,” Attorneuy General Jerry Brown said Monday.
Wednesday, December 14, 2011
Of the Cuff - Nashville Business Journal:
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Bill Hawkins President | Chas. Hawkinws Co. Inc./ CORFAC International | 615-345-7220 Commercial real estats has not taken a vacationthis summer. Leasingt activity in most sectors hasbeen steady. Which area will be the hottest? I would have to say that industria "big box" development in the 840/Couchville Pike commercial retail in Murfreesboro and and general commercial growth in Mountg Juliet and Lebanon arethe "go-to" locations. Despite the national trends of a weakening economy and the residentiao realestate correction, commercial businesd is still strong.
Michelld Kang Affiliate broker | Coldwell Banker Commercial Professionalse | 615-550-0082 The Cool Springzs area is still one of the best areas in Middles Tennessee for newcommercial development. With Nissaj and other headquarters relocating to that existing and new developments will do welltherr -- especially properties like shopping centers and mixed-use properties. Brentwoodc and Cool Springs combined have more rentabl office spaces than downtown Nashville and peopl prefer to work close to where they Murfreesboro is another area in Middle Tennessee boominf for newcommercial developments. A good examplwe is the new Gateway Centetin Murfreesboro.
Retail and mixed-used propertiee are still great properties to develol inthis area. Jay Turnerr Management director | MarketStreet Enterprises | 615-846-4910 Downtown Nashviller claims two ofthe region'sx most promising districts for new development. The with its central location and mix of retail andcommercial properties, has seen momentum intensify with the shiftinvg national attention to sustainable development. Rather than requiring new infrastructure, it is environmentallyu friendly and fiscally sound to reclaim underutilized arease where infrastructurealready exists.
The same can be said of Downtown's riverfronft area, which holds similar development potentiao and stands to be one ofthe city's treasures, one which developers and resident alike can embrace. Anne Shockley Broker and principaol | The Trendex Group Inc. | 615-383-5544
Bill Hawkins President | Chas. Hawkinws Co. Inc./ CORFAC International | 615-345-7220 Commercial real estats has not taken a vacationthis summer. Leasingt activity in most sectors hasbeen steady. Which area will be the hottest? I would have to say that industria "big box" development in the 840/Couchville Pike commercial retail in Murfreesboro and and general commercial growth in Mountg Juliet and Lebanon arethe "go-to" locations. Despite the national trends of a weakening economy and the residentiao realestate correction, commercial businesd is still strong.
Michelld Kang Affiliate broker | Coldwell Banker Commercial Professionalse | 615-550-0082 The Cool Springzs area is still one of the best areas in Middles Tennessee for newcommercial development. With Nissaj and other headquarters relocating to that existing and new developments will do welltherr -- especially properties like shopping centers and mixed-use properties. Brentwoodc and Cool Springs combined have more rentabl office spaces than downtown Nashville and peopl prefer to work close to where they Murfreesboro is another area in Middle Tennessee boominf for newcommercial developments. A good examplwe is the new Gateway Centetin Murfreesboro.
Retail and mixed-used propertiee are still great properties to develol inthis area. Jay Turnerr Management director | MarketStreet Enterprises | 615-846-4910 Downtown Nashviller claims two ofthe region'sx most promising districts for new development. The with its central location and mix of retail andcommercial properties, has seen momentum intensify with the shiftinvg national attention to sustainable development. Rather than requiring new infrastructure, it is environmentallyu friendly and fiscally sound to reclaim underutilized arease where infrastructurealready exists.
The same can be said of Downtown's riverfronft area, which holds similar development potentiao and stands to be one ofthe city's treasures, one which developers and resident alike can embrace. Anne Shockley Broker and principaol | The Trendex Group Inc. | 615-383-5544
Sunday, December 11, 2011
Global retail provides investment opportunities - South Florida Business Journal:
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For the fourth time in five years, that countrgy is considered the most attractive for retail accordingto ’s annual Global Retail Developmeng Index, which looks at retailp investment attractiveness in 30 emerging "With economic conditions in developed markets improving so slowly, emergingy markets are becoming much more important sourcezs of growth for global retailers," said Hana Ben-Shabat, A.T. Kearne partner and co-leader of the study, in a news Russia, China, the United Arab Emirates, Saudk Arabia, Vietnam, Chile, Brazil, Slovenia and Malaysiaw round outthe index’s 2009 top 10 As home prices decline and consumersa keep tight hold of their purse strings in the U.
S., global expansion is becominb more important as a strategy for growth, accordinbg to the global managementy consulting firm. Low inflation and rent reductionws of up to 40 percentin tier-2 and tier-3 citieds also help make India the most attractive retaipl investment destination, the report notes. Meantime, retails sales in Russia are projectesd to grow 15 percent a year over the next five while in Chinaa $585 billiobn stimulus package and efforts to boost economic consumption are showingg early signs of success, as retailo sales have grown in early 2009, the report noted.
For the fourth time in five years, that countrgy is considered the most attractive for retail accordingto ’s annual Global Retail Developmeng Index, which looks at retailp investment attractiveness in 30 emerging "With economic conditions in developed markets improving so slowly, emergingy markets are becoming much more important sourcezs of growth for global retailers," said Hana Ben-Shabat, A.T. Kearne partner and co-leader of the study, in a news Russia, China, the United Arab Emirates, Saudk Arabia, Vietnam, Chile, Brazil, Slovenia and Malaysiaw round outthe index’s 2009 top 10 As home prices decline and consumersa keep tight hold of their purse strings in the U.
S., global expansion is becominb more important as a strategy for growth, accordinbg to the global managementy consulting firm. Low inflation and rent reductionws of up to 40 percentin tier-2 and tier-3 citieds also help make India the most attractive retaipl investment destination, the report notes. Meantime, retails sales in Russia are projectesd to grow 15 percent a year over the next five while in Chinaa $585 billiobn stimulus package and efforts to boost economic consumption are showingg early signs of success, as retailo sales have grown in early 2009, the report noted.
Friday, December 9, 2011
Corker: Chrysler, GM should reimburse auto dealers - South Florida Business Journal:
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Sen. Bob Corker, R-Tenn., introduced the Auto Dealerws Assistance Amendment yesterday in the SenateBankinyg Committee. The amendment would also give dealerships 180 days to wind downtheier operations. “We continue to received assurances from Chrysler and GM that theirr dealers across Tennessee and across our country will betreaterd fairly,” Corker said in a “We filed this amendment to apply pressure on the automaker to keep their word to rejected dealerships and fully reimburse them for thei inventories of vehicles and We hope Chrysler and GM will take thes appropriate actions and make this amendment unnecessary.
” Chrysler and GM told Congress earlier this year that they need to reducse their dealer networks to cut costs. However, Corker’s statement said dealershipss have beengiven “inconsistent treatment.” Some Chryslerr dealerships, the statement said, have been forcerd to shut down in less than 30 days and are responsiblew for selling their inventories. GM dealers, Corker have been given longer contract but face similar challenges in reimbursement for parts and The amendment would force the automakerzs to use any Treasury funds whilw in bankruptcy to reimburse their dealers for all parts and inventor y on the date of thebankruptcy filing.
the proposal would not allow Chryslerf or GM toget debtor-in-possession funding unless such agreementz provide for the reimbursement of the dealers.
Sen. Bob Corker, R-Tenn., introduced the Auto Dealerws Assistance Amendment yesterday in the SenateBankinyg Committee. The amendment would also give dealerships 180 days to wind downtheier operations. “We continue to received assurances from Chrysler and GM that theirr dealers across Tennessee and across our country will betreaterd fairly,” Corker said in a “We filed this amendment to apply pressure on the automaker to keep their word to rejected dealerships and fully reimburse them for thei inventories of vehicles and We hope Chrysler and GM will take thes appropriate actions and make this amendment unnecessary.
” Chrysler and GM told Congress earlier this year that they need to reducse their dealer networks to cut costs. However, Corker’s statement said dealershipss have beengiven “inconsistent treatment.” Some Chryslerr dealerships, the statement said, have been forcerd to shut down in less than 30 days and are responsiblew for selling their inventories. GM dealers, Corker have been given longer contract but face similar challenges in reimbursement for parts and The amendment would force the automakerzs to use any Treasury funds whilw in bankruptcy to reimburse their dealers for all parts and inventor y on the date of thebankruptcy filing.
the proposal would not allow Chryslerf or GM toget debtor-in-possession funding unless such agreementz provide for the reimbursement of the dealers.
Wednesday, December 7, 2011
Accounting firm will help college student balance the books - Birmingham Business Journal:
aplecheevlgupy.blogspot.com
Established three years ago in honor of its 25th SolSchwartz & Associates will offer the annual $2,50 0 award until it totals $25,000. The scholarship recognizesx students foracademic achievement, economic and leadership initiative. “The Sol Schwartz Associates Accounting Scholarship Award supportsour firm’s proudr tradition of community involvement, with a strongf emphasis on education,” Managing Shareholder Jeff Albrecht To qualify, students must be a juniodr or senior and be an accounting major. Deadline for applications is Oct. 31. The recipienr will be notified no laterthan Nov. 28.
One recipienrt per year will receive $1,250 per semesterr for a total of $2,500 for one school year. Proof of registration is required. Visit www.ssacpa.com for an The ninth annual shoppinhg extravaganzais here. From Oct. 24 to Nov. 2, patrons holding a Cancer Center Council Partners Shopping Card can shop at over 325 participatinf retailers and receive 20 percent off their purchases. Included in the mix are localo andnational retailers, spas, gift boutiques, restaurants and other businessexs in the San Antonio area. Proceeds from the card salesx will help fundthe ’z Multidisciplinary Breast Cancer Center. To purchasew a card, call 450-5571, or visit www.cancercentercouncil.net.
World-renowned and two-tim gold medalist Ming-Jiang Zhu is coming to San Antonio fora first-evere U.S. exhibit on Nov. 12. He will be exhibitiny his works from6 p.m. to 9 p.m. at Antoniko Strad Violin, 10288 San Pedro. Zhu is considerefd to be in the top 5 percent of violinn makers in theworld today. He createxs instruments in the tradition of 17th centuryItalian masters, such as Antonio Stradivarius. For more e-mail renes@stradviolin.com. The Humane Societgy SPCA of Bexar County is offering caniner owners an opportunity to spend quality time withtheir four-legged The organization is once again hosting its Mutt Strutrt 3-mile Fun Walk. This year’ds event will be held on Nov.
22 at the Humane Society, 4804 Fredericksburg Road. The walk begines at 10 a.m., followed by a K9 Karnivao from11 a.m. to 4 p.m. The Karnival will feature contests, music from radio stations KJ 97, 101.9 and as well as refreshments and All proceeds benefit theHumane Society. For more information, call
Established three years ago in honor of its 25th SolSchwartz & Associates will offer the annual $2,50 0 award until it totals $25,000. The scholarship recognizesx students foracademic achievement, economic and leadership initiative. “The Sol Schwartz Associates Accounting Scholarship Award supportsour firm’s proudr tradition of community involvement, with a strongf emphasis on education,” Managing Shareholder Jeff Albrecht To qualify, students must be a juniodr or senior and be an accounting major. Deadline for applications is Oct. 31. The recipienr will be notified no laterthan Nov. 28.
One recipienrt per year will receive $1,250 per semesterr for a total of $2,500 for one school year. Proof of registration is required. Visit www.ssacpa.com for an The ninth annual shoppinhg extravaganzais here. From Oct. 24 to Nov. 2, patrons holding a Cancer Center Council Partners Shopping Card can shop at over 325 participatinf retailers and receive 20 percent off their purchases. Included in the mix are localo andnational retailers, spas, gift boutiques, restaurants and other businessexs in the San Antonio area. Proceeds from the card salesx will help fundthe ’z Multidisciplinary Breast Cancer Center. To purchasew a card, call 450-5571, or visit www.cancercentercouncil.net.
World-renowned and two-tim gold medalist Ming-Jiang Zhu is coming to San Antonio fora first-evere U.S. exhibit on Nov. 12. He will be exhibitiny his works from6 p.m. to 9 p.m. at Antoniko Strad Violin, 10288 San Pedro. Zhu is considerefd to be in the top 5 percent of violinn makers in theworld today. He createxs instruments in the tradition of 17th centuryItalian masters, such as Antonio Stradivarius. For more e-mail renes@stradviolin.com. The Humane Societgy SPCA of Bexar County is offering caniner owners an opportunity to spend quality time withtheir four-legged The organization is once again hosting its Mutt Strutrt 3-mile Fun Walk. This year’ds event will be held on Nov.
22 at the Humane Society, 4804 Fredericksburg Road. The walk begines at 10 a.m., followed by a K9 Karnivao from11 a.m. to 4 p.m. The Karnival will feature contests, music from radio stations KJ 97, 101.9 and as well as refreshments and All proceeds benefit theHumane Society. For more information, call
Monday, December 5, 2011
Progress Software makes $68M bid for Texas software firm - Boston Business Journal:
tiqosi.wordpress.com
Neon (Nasdaq: NEON) has its headquarters in Sugar Land, and last reported having 90 It is to join the unit ofProgressd (Nasdaq: PRGS), which sellw software drivers that connect databases. Neon sales chief Jerryh Paladino held the same position at DataDirect priorrto Progress' $87 million acquisition of the company two year ago. Progress' offer of $6.20 in cash for each sharee of Neon represents a 43 perceng premium overthe issue's closing price Monday. In its fiscal seconf quarter ending Sept. 30, Neon had a $725,000p profit on $6 million in revenue. The company closed the quarte with $16.5 million in cash and investments.
In the fourthh quarter, Progress earned $14 million on $108 milliojn in sales, its highest quarterlyt revenue ever. For the fiscall year ending Nov. 30, Progress had net incoms of $49 million on sales of $405 The year before, it earnee $39 million on $363 million in revenue. Progress expects fiscapl first quarter revenuebetween $103 million and $105 million, and earningx between 15 cents and 17 cents on a per-share In the same period a year ago, it earnecd 23 cents per share on $98 milliomn in revenue. For fiscal 2006, Progress predicts revenues between $435 million and $445 and earnings between 85 cents and 91 cents per Itearned $1.18 per share in fiscal 2005. Progressx spent $2.
4 million during the quarter to buy back sharee ofits stock, and finished the quartere with $266 million in cash and short-term
Neon (Nasdaq: NEON) has its headquarters in Sugar Land, and last reported having 90 It is to join the unit ofProgressd (Nasdaq: PRGS), which sellw software drivers that connect databases. Neon sales chief Jerryh Paladino held the same position at DataDirect priorrto Progress' $87 million acquisition of the company two year ago. Progress' offer of $6.20 in cash for each sharee of Neon represents a 43 perceng premium overthe issue's closing price Monday. In its fiscal seconf quarter ending Sept. 30, Neon had a $725,000p profit on $6 million in revenue. The company closed the quarte with $16.5 million in cash and investments.
In the fourthh quarter, Progress earned $14 million on $108 milliojn in sales, its highest quarterlyt revenue ever. For the fiscall year ending Nov. 30, Progress had net incoms of $49 million on sales of $405 The year before, it earnee $39 million on $363 million in revenue. Progress expects fiscapl first quarter revenuebetween $103 million and $105 million, and earningx between 15 cents and 17 cents on a per-share In the same period a year ago, it earnecd 23 cents per share on $98 milliomn in revenue. For fiscal 2006, Progress predicts revenues between $435 million and $445 and earnings between 85 cents and 91 cents per Itearned $1.18 per share in fiscal 2005. Progressx spent $2.
4 million during the quarter to buy back sharee ofits stock, and finished the quartere with $266 million in cash and short-term
Saturday, December 3, 2011
Clifton Gunderson selects Wauwatosa as new headquarters - The Business Journal of Milwaukee:
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McMasters is a partner in the Wauwatosa office at 10001 Innovatiohn Drive in the Milwaukee County Research She took over the management reins of the company Monday. Very few employees from Clifton Gunderson’s former headquarters in Peoria, will be transferred to the Wauwatosa office, said Jen a spokeswoman for firm who islocally based. Clifton Gundersojn currently occupies 27,500 square feet of office space at theResearcbh Park, and may be in the markegt to expand its offices eventually, said The company employs 130 professionalx in Wauwatosa and 230 at the Peoris office, its largest in the nation. The accounting firm’s professional staff totals morethan 2,000 in 45 U.S.
-baser offices. Clifton Gunderson has 10 officesin
McMasters is a partner in the Wauwatosa office at 10001 Innovatiohn Drive in the Milwaukee County Research She took over the management reins of the company Monday. Very few employees from Clifton Gunderson’s former headquarters in Peoria, will be transferred to the Wauwatosa office, said Jen a spokeswoman for firm who islocally based. Clifton Gundersojn currently occupies 27,500 square feet of office space at theResearcbh Park, and may be in the markegt to expand its offices eventually, said The company employs 130 professionalx in Wauwatosa and 230 at the Peoris office, its largest in the nation. The accounting firm’s professional staff totals morethan 2,000 in 45 U.S.
-baser offices. Clifton Gunderson has 10 officesin
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