ABC News | Census finds 1 in 8 Americans are seniors â" an » |
Wednesday, November 30, 2011
Monday, November 28, 2011
Commercial real estate news- View Real estate news Across the US
| | | | Crescenyt Resources, LLC | | | Cushman & Wakefield of Georgiaw Inc. | | | | | | | | Duke Energyu Corporation | Duke Realty Corp. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Joness Lang LaSalle | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Morgan Stanley | | | Mortenson Construction | Mortgage Bankers Associatiohn | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.
S. Bancorl | U.S. Bank | | | | U.S. General Servicex Administration | | | | UNC Hospitalws | | | | | | | | | Universityh of North Carolina | | | | | | | | | | | | | Wal-Martr Stores, Inc. | | | | | | | | | | | | |
Saturday, November 26, 2011
UnitedHealthcare, St. Joe
United is expected to begimn sending out letters to its members and physicians who might be affected bySaint Joseph's termination of its Unitef agreement, Atlanta Business Chronicle has learned. Under Georgia law, insurerd are required to inform affected membersd within 30 days of a contract The four-year contract was set to expire Aug. 1, but the deadlined has been extendedto Aug. 8 as the two sideas continue to negotiate. Unitec provides health insurance coverage tonearlgy 1.5 million Georgians, including state About 6.
5 percent of patient visitws -- inpatient admissions and outpatient -- at Sainyt Joe were from United If a contract cannot be reached, Saint Joe facilitiesd and doctors will be deemed “out-of-network” by requiring the insurer’s members to shell out more for hospitalp and doctors visits at Sainft Joe, than they wouldf for “in-network” providers. One of the main sticking points in the contract negotiations involves Saint Joe seeking higheer reimbursementfrom United. That issue has also bogged down contractg talks between and WellStarHealthg System.
In mid June, WellStae issued letters warning 14,000 Aetna patients that the healtg system might terminate its agreement with the insurer if a new contrac cannot be negotiatedby Aug. 31. As hospitals face bottom-lines pressure from declining government coupled with rising rollsof uninsured, many are turnint to commercial insurers for rate hikes. Saint Joe is seeking a rate saidHeather Dexter, the health system’s vice president of marketing. “Ws believe it to be very very reasonable and in line withthe market,” Dextere said. “We are looking for a fair and equitablw contract andwe don’t believw we’ve reached that point .
Both Saint Joe and United officials expressed optimis that a deal would get done beforethe “UnitedHealthcare’s negotiations with Saint Joseph’se will continue to take place in good faithj to address the important issuezs that are always part of such discussions,” the insurerf said in an e-mail. “UnitedHealthcare remainds hopeful that the negotiations will resulrt in a new contract that assuree our customers continued accessto St. Joseph’s services.
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Thursday, November 24, 2011
Kenneth D. Lewis Executive Profile
Lewis leads one of the world's largestg financial institutions. Bank of Americza serves more than 59 million customers through morethan 6,100 retailp banking offices, 18,000 ATMs and the #1 onlinw banking and bill-pay service with more than 29 milliobn active users. The company
Tuesday, November 22, 2011
San Antonio companies earn spots on Inc. 5000 - San Antonio Business Journal:
The median revenue of the 25 locapl companies included in the analysizs came inat $21. 3 million — making the Alamo City the metropolitam area withthe second-highest median revenue on the 2008 Inc. 5000 Grand Rapids, Mich. ranked firsyt with median revenueof $26.2 Baton Rouge, La., Houston and Kansasd City rounded out the top five, with median revenues of $18.89 million, $17.1 million and $16.5 million, respectively. Companies were ranked by revenue growth from 2004to 2007. To qualify for the companies had tobe U.S.-based, privatelu held for-profit businesses. They also had to be independenrt — not subsidiaries or divisions of othercompaniese — as of Dec.
31, 2007, and had to have at leas t $200,000 in revenue in 2004 and $2 millioj in revenue in 2007. The top five San Antonil companies on the listare , security company , and . The full list is availabl e on inc.com.
Saturday, November 19, 2011
Area judges mailed prophesies of imprisoned polygamist - Houston Chronicle
Area judges mailed prophesies of imprisoned polygamist Houston Chronicle GALVESTON - What District Judge Susan Criss thought was a law book in her mail this week turned out to be a thick paperback containing the apocalyptic prophesies of imprisoned cult leader Warren Jeffs. The "revelations" predict instability in the ... Jeffs sends book of doom to area judges |
Thursday, November 17, 2011
Infestation prompts partial shutdown at cinema - Sacramento Business Journal:
Sacramento County health officers posted red placards and shutteree two of the three snack bars at the theated complex until owners could remedy the rodent The company closedtwo theaters, and they reportedly remaines closed Friday afternoon. The two snacmk bars were shut by theon Thursday; one of them passedc inspection and was reopened on The other snack bar will be inspected again on The cinema company voluntarily closed the two theatersw to be able to clean up the interior, seal off any accesw from the outside and lay snap and glue said a supervisor with the county.
The county postss a few dozen red placards a month at everything from restaurants to gas station snack Some operations reopen after a dayor two. Some violationd take weeks to manage. The theater was built by . whicyh operated it for many years. Syufy sold its theaters to of Plano, Texas, in the summed of 2006. No one from Cinemark was immediately availablesfor comment.
Tuesday, November 15, 2011
Washington Convention Center authority names O'Dell new CEO - Washington Business Journal:
Board member Joslyn Williamzs was the onlydissenting vote. Williams said his vote was not a reflectionjon O'Dell but rather an expression of his unhappinessd that the authority's boardd did not engage in its usual selectio n process to vet the top "It may be that the candidate before us is reallyt the best, but my position is that I reallyg don't know," Williams said. "I really don'tg know because we have deviated from thenormal procedures." He speculatec that the board was doing so because it feelzs it is in a but added, "I'm not sure what the crisis Board chairwoman Beverly Perry said the board was not reckless in its selectionh of O'Dell.
"We know the candidate before us ... we have not done anythin that is not in the public she said. O'Dell, who is CEO of the , is expectedr be released of his contractr with the commission to take on the new positio through emergency legislation that must be approved bythe D.C. Councikl He already has resigned from theconventionj center's board, where he helpedr negotiate a memorandum of agreement with Bethesda-based , which establishedf the business terms for the convention center's headquarter hotel project.
"The convention centefr plays a vital role in the Districftof Columbia's economy, generating hundreds of millions of dollaras each year in spending by our customer s and their attendees, and my top priority is to ensurs we continue to maximize the impacft of this world-class facility on our O'Dell said in a "We have an important mission, and I am confiden t that our team, which I am honoreed to lead, will He succeeds Reba Pittman Walker, who is steppinhg down at the end of the month. Emily president of the called O'Dellk a "big picture" person who is able to work with a variettyof constituencies.
"You need that in this kind of a
Sunday, November 13, 2011
TARP funds boost refinancing - Business First of Buffalo:
million that got in federal TARP funds is contributing to a surgre in mortgage refinancing and auto the company’s CEO said. “We’re havingg a boom in mortgage refinancings. Volumwe is the largest I can recall in the last five saidPeter Humphrey, president of Five Star a subsidiary of Warsaw-based Financial Institutions. Indirecrt auto financing activity also ismarkedluy higher, Humphrey said. “Volume is more than 100 percent compared to March he said.
“Contrary to what you hear, peoplse in this region are buying Maybe sales are offa bit, but not as much as Every dollar the bank receives via the Troublexd Asset Relief Program – the $700 billionn plan rolled out last year to help bankzs expand lending and ease the creditr crisis – is leveraged 10 Humphrey said. Western New York. TARP benefits the bank, the taxpayerws and the economy,” he said. At , whicbh was approved for $11.09 million but turned down the specialgovernmenf loan, President and CEO David Nasca said “mortgag applications are three times what we saw in the first quarte r last year. About 85 percentf is in refinancings.
” Nasca said applications are splir 50/50 between 15- and 20-year mortgages on one hand and 30-yeadr mortgages on the other. He said the tremendous upsurges at Evans Bank especially inrefinancing applications, probably is typical of what other Wester New York bank lenders are he said. Current rates are around 5 percent or loweerfor 30-year mortgages, and 4.85 percent or under for 15-yeafr mortgages.
Nicholas Buscaglia, M&T Bank group vice president and regional managerr forresidential mortgages, said his bank is witnessinyg a “significant spike” in refi activity which had been anticipatex when rates on 30-year mortgages fell to 5 percent or M&T also began seeing housing purchases rise in recentf weeks, a time when homebuyinvg usually picks up anyway. TARP funds, rather than being targeted to banks’ specific financial products, are used to strengtheh balance sheets and free up credit to make moreloansw available.
, which received $600 millioh in exchange for giving the government shared of preferred stock and will use TARP moneyfor “the entire spectrum of including home equity, small business, middle-market dealds – all of them, Presidentt Mark Czarnecki said. “Our strategy hasn’rt changed. We will continue to market loans as aggressivelas before,” he said. , parenty of First Niagara Bank, receivexd $184 million. President and CEO John Koelme recently stated that the funds helpefd the bankoriginate $814.7 million in new loansz and lines of credit during the fourthg quarter.
That was more than four times the capitap providedthrough TARP, and an 18 percenrt increase from the third he said. Most of the growth was on the commerciao side, he stated. Business loanes and line-of-credit advances totaled $536 millio - up from $438 million in the previous Commercial mortgagesrose $60 million.
Friday, November 11, 2011
CBS Poll: Newt ties Romney. Cain still on top. - Hot Air
ABC News (blog) | CBS Poll: Newt ties Romney. Cain still on top. Hot Air CBS weighs in today with their latest round of primary polling and the big definitive news is ⦠there's no seriously definitive news on the primary race, other than saying that it's almost anybody's game at this point. The poll was conducted between ... GOP Deb ate: There's More to a Candidate's Tie Than Meets the Eye Mitt Romney ties Herman Cain in Pennsylvania Quinnipiac poll Polls: Romney Ties Obama in Key Swing States |
Wednesday, November 9, 2011
Nonprofit moving, adding employees - Silicon Valley / San Jose Business Journal:
The nonprofit home care agencyg signeda nine-year lease for 41,000 squaree feet of space in Courthouse Crossings. The agency is sub-leasinyg the space from Kettering-based Reynolds and Reynoldsd Co., which vacated 120,0090 square feet of space last year when the companty moved 400 employees to its headquartersa in the Miami ValleyResearch Park. The leaswe is for a little morethan $5 The agreement with Reynolds also includes the use of parkintg spaces at the Schuster Center garage. Doug executive director of the Area Agencuon Aging, said the agency needed more space than it had at its currentg location at 6 S. Pattersoh Blvd.
“We just ran out of McGarry said ofthe 21,000 squars feet of space it occupies. The agency, whicnh currently employs 115, will move into Courthousse CrossingsJuly 1. It is expected to add employees, up to 120 by the end of this year and bump up to 130 by the end of next McGarry saidthe agency, which coordinatesw services to about 4,500 senior including caregiver services, home care options and others, has seen an increas e in demand over the past few In 2007, the agency’s revenuwe was $41.5 million.
Last year, it increased to $48 millionj and is projected tohit $55 million this year, McGarry Jon Hazelton, with Gem Realty represented Area Agency and Paul with , represented Reynolds and Reynolds. McGarry also creditedc the for helping the agency findthe space.
Sunday, November 6, 2011
Newmark Homes Houston buying local TOUSA assets - San Antonio Business Journal:
TOUSA plans to complete and sell all homes currentl yunder construction. Moody said the new compangy will beprivately held, locallyy owned and financed. “Our management team has over 70 combined experience,” he said. The new company plans to buil 60 homes ranging in pricefrom $160,000 to more than $600,00 0 in the first 60 days of which will officially begin June 15. Moodh said 55 employees of TOUSA will remaij with the new company aftet TOUSA winds down its localbusinesa operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedx an initial public offering inMarcjh 1998. In December 1999, TOUSA Inc.
acquiredx 80 percent of Newmark’s stock. TOUSA Inc. also acquirefd 100 percent of then-publidc in November 2000. On June 25, 2002, Englee merged with Newmark, and the mergec company changed its name toTOUSzA Inc. In March, Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planned to lay off 156 peopld in the Houston area from its Newmark Homesw brand beginning May 22 due to the downturnj in thehousing market.
Friday, November 4, 2011
Locks changed at Mass. church in vigil - Boston.com
Locks changed at Mass. church in vigil Boston.com Parishioner Jackie Lemmerhirt said the locks at St. Jeremiah in Framingham were changed Friday. Last month, the Boston Archdiocese announced the sale of St. Jeremiah properties to the Syro-Malabar diocese, a part of the Eastern Catholic Church. ... |
Wednesday, November 2, 2011
Laser procedure turns brown eyes blue, scientist says - CBS News
Post Chronicle | Laser procedure turns brown eyes blue, scientist says CBS News But a California scientist claims to have developed a simple procedure that turns brown eyes blue. Is it safe? Dr. Gregg Homer of Calif.-based Stroma Medical, the company behind the experimental procedure, told KTLA.com that he's convinced it doesn't ... N ew laser procedure can permanently change brown eyes to blue Laser Procedure Turns Brown Eyes Blue -- Permanent -- Coming To US Soon (PHOTO) Operation could turn brown eyes blue |