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Buyer (NYSE: CTL) completed its $11.t billion stock and debt purchasse ofEmbarq (NYSE: EQ), the companies announced early The combined company, , will be based in La., and potentially have $8 billionj in annual revenue. It has more than 2.1 million broadband customers, 440,000 video subscribers and 7.5 milliobn access lines in 33 states. Embarq shareholders are two-thirds owners of the combined company, having received 1.37 CenturyTelk shares for each Embarq share they The deal included CenturyTelassuming $5.8 billion in Embarwq debt. The two brands will be convertedd graduallyto CenturyLink, a process expected to conclude latere this year.
“The completion of this merger is a significant event forour customers, communities, investorsa and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLino has the advanced networks, the people and the financiap stability to deliver the reliable and innovativd services that our customers want and We look forward to this exciting new chapterf inour company’s history.” CenturyLink will keep “a significant in the Overland Park area, though that locatio n wasn’t among the regional operating headquarterxs listed: Las Vegas; Wentzville, Mo.; Orlando, Fla.; Wake N.C.; and La Crosse, Wis.
Embarq now employw about 2,800 in the down from 4,500 when it spun off from S) in 2006. That drop reflects the sale of Embarq’s logistics unit earlier this year and continual job cuts as the companhy has attempted to keep a lid on costs in anindustrgy that’s losing core customeras to mobile phones. The recession has accelerateddthat trend, and observers say that could mean deeperr and faster cuts than originally anticipated as the companiesx integrate. By joining, the rural phonwe companies expect to saveaboutt $400 million a year in operatint and capital expenses by 2011. They expect combined operatinfg cash flow of morethan $4.2 billionh and free cash flow of about $1.
9 CenturyTel expects to continue its curren annual dividend of $2.8o a share. The combination is expected to add to free cash flow per sharwin 2010. Shares continue to trade under CenturyTel’s ticker symbol. Embarq CEO Tom Gerke will served as executive vice chairman of the CenturyLinik board and oversee regulatorhy and governmental relations andhumann resources. Embarq ranks No. 3 on the Kansas City Business Journakl ’s list of area public companies.
Saturday, March 31, 2012
Thursday, March 29, 2012
Ingabire Trial - Genocide Ideology Laws Face Revision - AllAfrica.com
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Ingabire Trial - Genocide Ideology Laws Face Revision AllAfrica.com Although the Justice Minister, Tharcisse Karugarama, had announced plans to revise the controversial law in 2010, the text is still yet to be debated in Parliament. On 13 April, the Supreme Court is expected to deliver its verdict on Victoire ... |
Tuesday, March 27, 2012
Melo now the Knicks' lone star - New York Daily News
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New York Daily News | Melo now the Knicks' lone star New York Daily News The Carmelo Anthony-Amar'e Stoudemire pairing hasn't been working, and still you have to think that the Knicks would much rather have that problem than be where they are today: Facing life without their No. 2 scoring option when the playoffs roll ... Knicks Power Rankings: Winning Ugly Amare's bad back hamstrings Knicks |
Sunday, March 25, 2012
Kentucky sets up matchup with Louisville and Kansas will play Ohio State in ... - Washington Post
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USA TODAY | Kentucky sets up matchup with Louisville and Kansas will play Ohio State in ... Washington Post The Final Four is set. In one game Saturday, Kentucky will play Louisville in an intrastate rivalry that puts Cardinals coach Rick Pitino against the school he once coached, then later alienated by returning to the Bluegrass to lead its archrival. UK v. UofL in Final Four sets state into frenzy Louisville sets up potential epic showdown vs. Kentucky in Final Four March Madness thoughts: Kentucky's victory sets up a classic in the Final Four |
Friday, March 23, 2012
Dollar General sales soar in recession - Dayton Business Journal:
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Earnings for Dollar General (NYSE: DG), released came in at $81.85 million in the quarterf whichended Jan. 1, compared to $55.39 millio in the same quarter of 2007. Revenue for the Goodlettsville, Tenn.-based discount retaile r was $2.85 billion, up 11.2 percentg from the year-ago Same-store sales increased 9.4 percent in the with increases in both customer traffic and the average Forthe year, the privately held compan y reported income of $108.2 million on sale of $10.46 billion. CEO Rick Dreiling said in an earningx call Tuesday that the retailer has manageed to turn the economic downtur n into an opportunity because of thediscount retailer’sa position in the market.
The companty attributed some of the gains to improvements in distributionand transportation, as well as highef average markups. “During the year, we grew expanded gross profit and reduced our by successfully implementing programws to improve our store operationsx andmerchandising efforts,” Dreiling said in a companyy release. “Importantly, we were able to achieve thes improvements despite the increasingly difficulteconomicx conditions. We are pleased with the current momentum in our and we intend to focus on driving continued success in Dreiling also reported that sales wereup 15.1 percenf last month over February 2008.
Dollar General operates more than 20 storexs in theDayton area.
Earnings for Dollar General (NYSE: DG), released came in at $81.85 million in the quarterf whichended Jan. 1, compared to $55.39 millio in the same quarter of 2007. Revenue for the Goodlettsville, Tenn.-based discount retaile r was $2.85 billion, up 11.2 percentg from the year-ago Same-store sales increased 9.4 percent in the with increases in both customer traffic and the average Forthe year, the privately held compan y reported income of $108.2 million on sale of $10.46 billion. CEO Rick Dreiling said in an earningx call Tuesday that the retailer has manageed to turn the economic downtur n into an opportunity because of thediscount retailer’sa position in the market.
The companty attributed some of the gains to improvements in distributionand transportation, as well as highef average markups. “During the year, we grew expanded gross profit and reduced our by successfully implementing programws to improve our store operationsx andmerchandising efforts,” Dreiling said in a companyy release. “Importantly, we were able to achieve thes improvements despite the increasingly difficulteconomicx conditions. We are pleased with the current momentum in our and we intend to focus on driving continued success in Dreiling also reported that sales wereup 15.1 percenf last month over February 2008.
Dollar General operates more than 20 storexs in theDayton area.
Wednesday, March 21, 2012
Survey: Employers cutting benefit costs - Business First of Louisville:
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“The responses indicate that as employerx develop benefit plans for 2010 they are lookin for ways to reduce benefit costs, without further reducing benefits,” said Marianne Fazen, executived director of the association. many responded that they plan to increas theirwellness programs.” • Thirty-five percent of employerds responded that they plan to increased their wellness programs. • Companied identified as its two biggest concerns limitedbenefitsx budgets, and limited merit budget and bonus About 68% of companies are concerned or very concerne d about limited merit budget and bonus pools, and aboutf 53% are concerned about limitexd benefits budgets.
• To weather the economicx downturn, almost half of respondents are auditinvg or planning to audittheir employees’ dependeny eligibility in order to reduce the number of individuals covered. And 41% plan to increasde employee costs of benefit while morethan one-third have reduced or are planninfg to reduce staff. About 89% of employers believe that workers will respond to the economicf downturn bydelaying retirement. Also, 83% of employersa say their workers are concerned aboutjob security, and 42% thinm their employees have been impacted by low The survey was submitted to the association's employer members and facilitatedr by in Houston.
The association's 900-plus members represent a broad cross-section of benefits professionaldsin Texas, Oklahoma, Louisiana. Arkansas, Missouri and but are not limited tothose
“The responses indicate that as employerx develop benefit plans for 2010 they are lookin for ways to reduce benefit costs, without further reducing benefits,” said Marianne Fazen, executived director of the association. many responded that they plan to increas theirwellness programs.” • Thirty-five percent of employerds responded that they plan to increased their wellness programs. • Companied identified as its two biggest concerns limitedbenefitsx budgets, and limited merit budget and bonus About 68% of companies are concerned or very concerne d about limited merit budget and bonus pools, and aboutf 53% are concerned about limitexd benefits budgets.
• To weather the economicx downturn, almost half of respondents are auditinvg or planning to audittheir employees’ dependeny eligibility in order to reduce the number of individuals covered. And 41% plan to increasde employee costs of benefit while morethan one-third have reduced or are planninfg to reduce staff. About 89% of employers believe that workers will respond to the economicf downturn bydelaying retirement. Also, 83% of employersa say their workers are concerned aboutjob security, and 42% thinm their employees have been impacted by low The survey was submitted to the association's employer members and facilitatedr by in Houston.
The association's 900-plus members represent a broad cross-section of benefits professionaldsin Texas, Oklahoma, Louisiana. Arkansas, Missouri and but are not limited tothose
Monday, March 19, 2012
North Carolina's $2B hog industry belted as farms fail - Phoenix Business Journal:
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Two culprits – overly large herdxs and rising costs due to higher grainpricews – have been shrinking the bottomm lines at many hog operations in North the nation’s second largesgt hog-producing state, behind only Iowa. To those factors can be addedd the recentswine flu, or H1N1 flu, the effects of which the industryt is only starting to tallyh up. “A lot of peoplew have just notrealized what’s been going on in the says Deborah Johnson, CEO of the , an industryy trade group.
Already, she says, “We are beginning to see some (hog leave the industry due to financial At three eastern NortnhCarolina operations, relief from the pressure will come from Chapter 11 or Chaptef 12 reorganization. Chapter 12 is a provision writteh into the federal bankruptcyt code in 1986 dealiny exclusively withfamily farms. Both Chapter 11 and Chaptee 12 allow a companyg breathing room to attempt a In theirreorganization filings, Bunting Swine Farms of Wilsohn listed assets of just under $1 milliojn and debts of $12.4 million; Perfect Pig of Newtonh Grove in Sampson County listed assetas of $9.
3 million and debts of $23 and of Enfield listed asseta and debts in the $1 million to $10 millionj range. All three are considered mid-level producing between 100,000 and 200,000 hogs a year. North Carolina farmers raise about 10 million hogs a year for Some farmersare independent, taking their product directlyy to the market. Other farmers operats under contract with one of the majorpork producers, such as Virginia-basedx , which in the past has had contracts with more than 1,00 0 North Carolina farms. Another prominent producer is , whichg has had deals with as many as 150 NortuhCarolina farms.
Recent developmentx at publicly traded Smithfield Foodsillustrate what’s ailing the The meat-producing giant, in a recentg U.S. Securities and Exchange Commission reported lossesof $112 million for the nine months ending Feb.1, 2009, explaining that its costs per hundred weight of hog had rise n from $49 to $62, largely due to highedr grain prices. The company attributes the rise in grain coststo “the United States’ ‘corn to ethanol’ Meanwhile, as costs were climbing, the Smithfield manager s say, the market was glutted because a record numbers of hogs were slaughterex in 2008 and into 2009.
Demand for pork at the grocery store has been flat inrecenyt months. New retail numbers will begin to tell the effects of theH1N1 scare. While a final determinatiobn has not been the blame for the flu outbreak is being laid to hog farmaby some. In response to marke conditions, Smithfield has been closing someproduction plants, including one in Elon near and shaving 1,800 employees companywide. “The whole industry is feelingb pressure,” says Dr. Todd See of Looking down the road, graih prices have started to moderatd in recentweeks and, Johnson says, the latest Northy Carolina herd is expected to be 3 percent smaller than last year’s.
Nationwide, the movement toward smalleer herds might be even more pronounced thanNorth Carolina’sa 3 percent, says Christine McCracken, an analyst with Cleveland Research Co. “Aq lot of these (hog producers) have been losing moneg for 18 months,” she “And that’s a long time.”
Two culprits – overly large herdxs and rising costs due to higher grainpricews – have been shrinking the bottomm lines at many hog operations in North the nation’s second largesgt hog-producing state, behind only Iowa. To those factors can be addedd the recentswine flu, or H1N1 flu, the effects of which the industryt is only starting to tallyh up. “A lot of peoplew have just notrealized what’s been going on in the says Deborah Johnson, CEO of the , an industryy trade group.
Already, she says, “We are beginning to see some (hog leave the industry due to financial At three eastern NortnhCarolina operations, relief from the pressure will come from Chapter 11 or Chaptef 12 reorganization. Chapter 12 is a provision writteh into the federal bankruptcyt code in 1986 dealiny exclusively withfamily farms. Both Chapter 11 and Chaptee 12 allow a companyg breathing room to attempt a In theirreorganization filings, Bunting Swine Farms of Wilsohn listed assets of just under $1 milliojn and debts of $12.4 million; Perfect Pig of Newtonh Grove in Sampson County listed assetas of $9.
3 million and debts of $23 and of Enfield listed asseta and debts in the $1 million to $10 millionj range. All three are considered mid-level producing between 100,000 and 200,000 hogs a year. North Carolina farmers raise about 10 million hogs a year for Some farmersare independent, taking their product directlyy to the market. Other farmers operats under contract with one of the majorpork producers, such as Virginia-basedx , which in the past has had contracts with more than 1,00 0 North Carolina farms. Another prominent producer is , whichg has had deals with as many as 150 NortuhCarolina farms.
Recent developmentx at publicly traded Smithfield Foodsillustrate what’s ailing the The meat-producing giant, in a recentg U.S. Securities and Exchange Commission reported lossesof $112 million for the nine months ending Feb.1, 2009, explaining that its costs per hundred weight of hog had rise n from $49 to $62, largely due to highedr grain prices. The company attributes the rise in grain coststo “the United States’ ‘corn to ethanol’ Meanwhile, as costs were climbing, the Smithfield manager s say, the market was glutted because a record numbers of hogs were slaughterex in 2008 and into 2009.
Demand for pork at the grocery store has been flat inrecenyt months. New retail numbers will begin to tell the effects of theH1N1 scare. While a final determinatiobn has not been the blame for the flu outbreak is being laid to hog farmaby some. In response to marke conditions, Smithfield has been closing someproduction plants, including one in Elon near and shaving 1,800 employees companywide. “The whole industry is feelingb pressure,” says Dr. Todd See of Looking down the road, graih prices have started to moderatd in recentweeks and, Johnson says, the latest Northy Carolina herd is expected to be 3 percent smaller than last year’s.
Nationwide, the movement toward smalleer herds might be even more pronounced thanNorth Carolina’sa 3 percent, says Christine McCracken, an analyst with Cleveland Research Co. “Aq lot of these (hog producers) have been losing moneg for 18 months,” she “And that’s a long time.”
Saturday, March 17, 2012
US trade deficit widest in 3 years - CBC.ca
iwyqaxewun.wordpress.com
CBC.ca | US trade deficit widest in 3 years CBC.ca The increase pushed the gap to its widest point in three years. The Commerce Department said Wednesday that the current account trade deficit increased 15.3 per cent in the October-December quarter, to $124.1 billion. A higher trade deficit acts as a ... |
Thursday, March 15, 2012
U.S. Treasury underwater on Yadkin Valley, Capital Bank warrants - Triangle Business Journal:
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As of June 15, the cash-out prices on millions of sharee of common stock held by the government in warrant s from 10 North Carolina banks averaged 32 percent below the targetedpurchase prices, according to Subsidyscope, a new D.C., watchdog group. Take Elkin-basex , owner of in Durham, for example. As part of its Jan. 16 agreementr to participate in the federal Troubledr AssetRelief Program, or TARP, Yadki n agreed to give the government warrants for 385,99o0 shares of common stock at a strike price of $13.99. (A warrant is an option to buy sharees in a company at afixed price, called the strike price). As of that day, the warrantsa were worth $5.4 million.
Since then, Yadkin’s share prices, alongg with those of most otherfinanciap stocks, have headed downward. As of June 15, the bank was tradinb at $5.49, meaning that the Treasury is now in the holeby $8.500 a share, or negative 61 percent. Warrants once worth $5.4 million now come in at $2.1 million. Raleigh-based , in its TARP gave the government warrantsafor 749,619 shares at $8.26 apiece. With Capita trading at $5.74 as of June 15, the government findds itself in the holeby $2.52 a or negative 31 percent. Warrants worth $6.2 millio n last December now come inat $4.
3 At Cary-based , the government’s position on warranta for 833,705 shares was only 4 percenyt off the strike price as of June 15, the best showin g for all the North Carolina banks tracked by The watchdog group is a creation of the that updatesz hundreds of TARP warrant transactions dailh as part of larger effort to trac k the flow of federal tax dollars into the “We have a good research team behinrd the effort,” says Subsidyscops spokesman Jeremy Ratner. “We started by looking at subsidiees in thefinancial industry, but month by month we’ll be addingv more.
” Some other economic sectors that will receive attention are housing, auto productioj and the growing “green” movement. As for the group’s TARP truth in packaging requiresvarious disclaimers, and they includee the fact that the government has 10 yearas to decide whether to exercise its options to purchase the bank sharea contained in the warrants at the fixed If those share prices rebound and climnb higher than the strike price, the governmenty could find itself in the money when it exercises.
Unde TARP transactions, banks sold the Treasury Department chunks of preferre bank stock in exchange for capital The bank’s pay 5 percent interest on the money they a payment that figures into the overall net profit or loss to the government on any TARP deal. Providinfg the warrants was a secondar y part of the Since the government set up TARP last fall to stem the meltdowh ofthe U.S. financial industry, some 30 North Carolina banks have signed thedotted line, receiving – outsidd of the special cases of and $497 million. BB&T received $3.1 billion, whicb bank officials recently announced they will with the government realizing a gainof $92.
7 million in dividendsa paid out by BB&T. The latest Nortj Carolina bank to receive TARP fundsis Oxford’s Trust, an April 2006 startu with 34 employees and $148 million in tota assets. It received $3.19 million from TARP on May 1 an amount that CEO Thomas Combssays he’lkl leverage into $24 million in new lendingh over the next few months. The bank, he adds, hasn’rt maxed out on its TARP borrowinhg potential and will consider asking for more fromthe $95 billiom in federal money stilo uncommitted in the program.
While larger banksa may be scurrying to repay community banks, in all will continue to participate until economic conditions improve and their sharw prices rebound. Crescent State Bank receives $24.9 million under TARP – whicg CEO Mike Carlton says he’d like to repay “at the first opportunity.” But with bank shares depressed, he offering additional common stock to raise capital would dilute the holdings ofexisting stakeholders.
Moreover, he says, he’x not sold that the financial system is out ofthe
As of June 15, the cash-out prices on millions of sharee of common stock held by the government in warrant s from 10 North Carolina banks averaged 32 percent below the targetedpurchase prices, according to Subsidyscope, a new D.C., watchdog group. Take Elkin-basex , owner of in Durham, for example. As part of its Jan. 16 agreementr to participate in the federal Troubledr AssetRelief Program, or TARP, Yadki n agreed to give the government warrants for 385,99o0 shares of common stock at a strike price of $13.99. (A warrant is an option to buy sharees in a company at afixed price, called the strike price). As of that day, the warrantsa were worth $5.4 million.
Since then, Yadkin’s share prices, alongg with those of most otherfinanciap stocks, have headed downward. As of June 15, the bank was tradinb at $5.49, meaning that the Treasury is now in the holeby $8.500 a share, or negative 61 percent. Warrants once worth $5.4 million now come in at $2.1 million. Raleigh-based , in its TARP gave the government warrantsafor 749,619 shares at $8.26 apiece. With Capita trading at $5.74 as of June 15, the government findds itself in the holeby $2.52 a or negative 31 percent. Warrants worth $6.2 millio n last December now come inat $4.
3 At Cary-based , the government’s position on warranta for 833,705 shares was only 4 percenyt off the strike price as of June 15, the best showin g for all the North Carolina banks tracked by The watchdog group is a creation of the that updatesz hundreds of TARP warrant transactions dailh as part of larger effort to trac k the flow of federal tax dollars into the “We have a good research team behinrd the effort,” says Subsidyscops spokesman Jeremy Ratner. “We started by looking at subsidiees in thefinancial industry, but month by month we’ll be addingv more.
” Some other economic sectors that will receive attention are housing, auto productioj and the growing “green” movement. As for the group’s TARP truth in packaging requiresvarious disclaimers, and they includee the fact that the government has 10 yearas to decide whether to exercise its options to purchase the bank sharea contained in the warrants at the fixed If those share prices rebound and climnb higher than the strike price, the governmenty could find itself in the money when it exercises.
Unde TARP transactions, banks sold the Treasury Department chunks of preferre bank stock in exchange for capital The bank’s pay 5 percent interest on the money they a payment that figures into the overall net profit or loss to the government on any TARP deal. Providinfg the warrants was a secondar y part of the Since the government set up TARP last fall to stem the meltdowh ofthe U.S. financial industry, some 30 North Carolina banks have signed thedotted line, receiving – outsidd of the special cases of and $497 million. BB&T received $3.1 billion, whicb bank officials recently announced they will with the government realizing a gainof $92.
7 million in dividendsa paid out by BB&T. The latest Nortj Carolina bank to receive TARP fundsis Oxford’s Trust, an April 2006 startu with 34 employees and $148 million in tota assets. It received $3.19 million from TARP on May 1 an amount that CEO Thomas Combssays he’lkl leverage into $24 million in new lendingh over the next few months. The bank, he adds, hasn’rt maxed out on its TARP borrowinhg potential and will consider asking for more fromthe $95 billiom in federal money stilo uncommitted in the program.
While larger banksa may be scurrying to repay community banks, in all will continue to participate until economic conditions improve and their sharw prices rebound. Crescent State Bank receives $24.9 million under TARP – whicg CEO Mike Carlton says he’d like to repay “at the first opportunity.” But with bank shares depressed, he offering additional common stock to raise capital would dilute the holdings ofexisting stakeholders.
Moreover, he says, he’x not sold that the financial system is out ofthe
Tuesday, March 13, 2012
Vangent call center in Riverview to employ at least 600 - Tampa Bay Business Journal:
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The company is hosting a 9 a.m. ceremony at 100 Legacyy Park in Riverview, the 99,000-square-foot call center that Vangenf has subleased fromThe Arlington, Va-based information technologyt management and outsourcing company has hired between 50 to 100 employeess so far and expects to hire a totakl of 1,000 by Nov. 15, the staryt of Medicare’s open enrollment About 400 will be temporary employees and only workthrough Dec. 31. Vangent, which primarily worksw for thefederal government, has 6,009 employees who work in locations arounds the world, said Eileenb Cassidy Rivera, vice president of communicationsx and investor relations.
It has other centers, includiny offices in Iowa, Kentucky, Arizona and that also service 1-800-Medicare. The company because of its turnkehy operation and the large numberr of Hispanic workers who live in the Rivera said. There is a growintg number of Spanish-speaking Medicare beneficiaries, and “it’s nice to help them in theid native language,” she said. Businessexs interested in working with the companyy can register at by submittingh information through thepartners section. Jobs are posted througbh the site’s career section.
The company is hosting a 9 a.m. ceremony at 100 Legacyy Park in Riverview, the 99,000-square-foot call center that Vangenf has subleased fromThe Arlington, Va-based information technologyt management and outsourcing company has hired between 50 to 100 employeess so far and expects to hire a totakl of 1,000 by Nov. 15, the staryt of Medicare’s open enrollment About 400 will be temporary employees and only workthrough Dec. 31. Vangent, which primarily worksw for thefederal government, has 6,009 employees who work in locations arounds the world, said Eileenb Cassidy Rivera, vice president of communicationsx and investor relations.
It has other centers, includiny offices in Iowa, Kentucky, Arizona and that also service 1-800-Medicare. The company because of its turnkehy operation and the large numberr of Hispanic workers who live in the Rivera said. There is a growintg number of Spanish-speaking Medicare beneficiaries, and “it’s nice to help them in theid native language,” she said. Businessexs interested in working with the companyy can register at by submittingh information through thepartners section. Jobs are posted througbh the site’s career section.
Sunday, March 11, 2012
InFocus shareholders accept takeover offfer - Portland Business Journal:
vypybiza.wordpress.com
Hui’s planned acquisition of the Wilsonville-based projectotr maker was contingent upon a tender offet of at least 65 percent of outstanding The offerclosed Friday, with 91 percent of all outstandingh shares validly tendered or not The InFocus board on May 15 announced that it had accepted the $39 million, or 95 centz per share, deal offered by Hui’s , whiles rejecting an unidentified second bidder the board said failed to submitr a binding proposal despite three weeksx of negotiations. Huil said Tuesday the acquisition will close by the end of this After the shareschanger hands, he will merge InFocus into Imags Holdings.
Hui, who has said littld about his plansfor InFocus, is knowbn mostly as principal founder of computer-maker Inc, raisintg it from its infancy to a companu with revenue exceeding $1 He took eMachines private in December 2001 in a deal valueds at $152 million and three yeard later sold the company to in a roughly $290 million cash and stoclk deal. After being rebuffed in a 2006 attemprt to buy Gatewayfor $450 Hui acquired a 75 percent stakwe in Dutch computer distributor for an undisclosedc amount, though some published reports called it a $90 millionb deal. A year later, he sold his controlling interesr in Packard Bell to Gateway for anundisclosesd amount.
Among his current venturex is Fugoo, a start-up with fellow eMachines alumz that is developing a product to enable householdf appliances and other products to communicate via the is a partner inthe venture. InFocux is considered a pioneer in digital projection technology and was firsr to market with innovative digital But a deluge of Asian competitorse drove projectorprices lower, making it an unprofitablwe business for a small company like “InFocus is a great brand and I assign significant valure to the company’s extensive network of channekl partners, innovative history and productr leadership,” Hui said in a news release.
“oI look forward to working with the InFocuds management to return the company to a dominanf position inthe industry.” InFocuws CEO Bob O’Malley called Hui’se pending acquisition just anothet chapter in InFocus’ evolving “We will be able to shed the complexity of the publicx financial markets, prioritize longer-term objective s and focus on what matters most to our customerz — delivering innovative projection solutions.
” Thomazs Weisel Partners LLC serveed as financial advisor to InFocus and its board of and Garvey Schubert Barer acted as legal
Hui’s planned acquisition of the Wilsonville-based projectotr maker was contingent upon a tender offet of at least 65 percent of outstanding The offerclosed Friday, with 91 percent of all outstandingh shares validly tendered or not The InFocus board on May 15 announced that it had accepted the $39 million, or 95 centz per share, deal offered by Hui’s , whiles rejecting an unidentified second bidder the board said failed to submitr a binding proposal despite three weeksx of negotiations. Huil said Tuesday the acquisition will close by the end of this After the shareschanger hands, he will merge InFocus into Imags Holdings.
Hui, who has said littld about his plansfor InFocus, is knowbn mostly as principal founder of computer-maker Inc, raisintg it from its infancy to a companu with revenue exceeding $1 He took eMachines private in December 2001 in a deal valueds at $152 million and three yeard later sold the company to in a roughly $290 million cash and stoclk deal. After being rebuffed in a 2006 attemprt to buy Gatewayfor $450 Hui acquired a 75 percent stakwe in Dutch computer distributor for an undisclosedc amount, though some published reports called it a $90 millionb deal. A year later, he sold his controlling interesr in Packard Bell to Gateway for anundisclosesd amount.
Among his current venturex is Fugoo, a start-up with fellow eMachines alumz that is developing a product to enable householdf appliances and other products to communicate via the is a partner inthe venture. InFocux is considered a pioneer in digital projection technology and was firsr to market with innovative digital But a deluge of Asian competitorse drove projectorprices lower, making it an unprofitablwe business for a small company like “InFocus is a great brand and I assign significant valure to the company’s extensive network of channekl partners, innovative history and productr leadership,” Hui said in a news release.
“oI look forward to working with the InFocuds management to return the company to a dominanf position inthe industry.” InFocuws CEO Bob O’Malley called Hui’se pending acquisition just anothet chapter in InFocus’ evolving “We will be able to shed the complexity of the publicx financial markets, prioritize longer-term objective s and focus on what matters most to our customerz — delivering innovative projection solutions.
” Thomazs Weisel Partners LLC serveed as financial advisor to InFocus and its board of and Garvey Schubert Barer acted as legal
Friday, March 9, 2012
Yahoo! confirms WNY site - Minneapolis / St. Paul Business Journal:
http://trilib.com/taxonomy/term/248
Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-footr center that could employ, 125 people. Yahoo! has peggedf a 30-acre site in the park for the complex. Yahoo!’s decision is considered a major especially against a backdrop of a weakenedc economy where unemployment has increasec in past year in Erie Countyto 8.1 percen from 5.5 percent and in Niagara Count y to 9.3 percent from 6.6 “This is a big win for the community,” said Tom president and chief executive “We won the day.” Yahoo! was being courted by several statesd including Ohio, Pennsylvania and Illinois for the All offered a handsome array of incentives.
“When a high tech company like Yahoo! picksw a community like WesternNew York, it’x like a lighthouse,” said Sen. Charleas Schumer, New York’s senior senator, who played a key role in Lockporyt landing thedata center. The region crafted its own aggressive incentive package including the offerin g 15 megawattsof low-cost hydropower that could save Yahoo!! an estimated $100 million over a 15-year also offered job training grants and othefr incentives. High level pitches also came from Gov. Davidc Paterson and Schumer. Schumer made persona l calls to Yahoo! CEO Carolp Bartz to push the region.
Kucharsk said it also helped that the region offeredxa half-dozen sites and not just a singularr location. It also helped that a friendship quicklhy developed betweenthe Yahoo! site selection team and the locapl economic development community. “We developed a nice relationshilp with them and that helped makethis happen,” Kucharsk said. “They were impressed that every timethey called, we coulxd assemble our team on a very shor t notice and give them the answers they Construction on the data center will begin in said David Dibble, Yahoo! senior vice The center will be open by May. Kucharski said therd is a myriad positives that will comefrom Yahoo!’ decision.
The BNE will use it in its outreach to other companies itis courting, he “It confirms our ability to attract high tech and high profilw companies,” Kucharski said. “To get a name company like Yahoo ! says a lot to the rest of the industriewsout there.” Yahoo! joins the ranks of , that have eithet opened or expanded back office operation in the region in recent years. “You add it into the mix of the some of the otherdcompanies we’ve landed and it becomes a very impressive list,” Kucharski said.
Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-footr center that could employ, 125 people. Yahoo! has peggedf a 30-acre site in the park for the complex. Yahoo!’s decision is considered a major especially against a backdrop of a weakenedc economy where unemployment has increasec in past year in Erie Countyto 8.1 percen from 5.5 percent and in Niagara Count y to 9.3 percent from 6.6 “This is a big win for the community,” said Tom president and chief executive “We won the day.” Yahoo! was being courted by several statesd including Ohio, Pennsylvania and Illinois for the All offered a handsome array of incentives.
“When a high tech company like Yahoo! picksw a community like WesternNew York, it’x like a lighthouse,” said Sen. Charleas Schumer, New York’s senior senator, who played a key role in Lockporyt landing thedata center. The region crafted its own aggressive incentive package including the offerin g 15 megawattsof low-cost hydropower that could save Yahoo!! an estimated $100 million over a 15-year also offered job training grants and othefr incentives. High level pitches also came from Gov. Davidc Paterson and Schumer. Schumer made persona l calls to Yahoo! CEO Carolp Bartz to push the region.
Kucharsk said it also helped that the region offeredxa half-dozen sites and not just a singularr location. It also helped that a friendship quicklhy developed betweenthe Yahoo! site selection team and the locapl economic development community. “We developed a nice relationshilp with them and that helped makethis happen,” Kucharsk said. “They were impressed that every timethey called, we coulxd assemble our team on a very shor t notice and give them the answers they Construction on the data center will begin in said David Dibble, Yahoo! senior vice The center will be open by May. Kucharski said therd is a myriad positives that will comefrom Yahoo!’ decision.
The BNE will use it in its outreach to other companies itis courting, he “It confirms our ability to attract high tech and high profilw companies,” Kucharski said. “To get a name company like Yahoo ! says a lot to the rest of the industriewsout there.” Yahoo! joins the ranks of , that have eithet opened or expanded back office operation in the region in recent years. “You add it into the mix of the some of the otherdcompanies we’ve landed and it becomes a very impressive list,” Kucharski said.
Tuesday, March 6, 2012
Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Birmingham Business Journal:
geqopimozaqyxyh.blogspot.com
Raleigh, Cary and Durham ranked among the 25 fastest growingb large cities in the natiobn for the 12 months that endefdJuly 1, 2008, the said in its annuap population estimates released Wednesday. Cary, which saw its population increasseby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growin city. Raleigh’s population climbed by 3.8 percent, to making North Carolina’s capitap the eighth fastest growing city. Durhakm was ranked 16th with a 3 percent increase. Its population rose to New Orleans experiencedan 8.
2 percenyt increase in its population, whicnh rose to 311,853, making the city ravager by Hurricane Katrina in 2005 the fastest growingf city among places with populations greater than 100,000. Charlotte, which saw its population increasseby 2.7 percent, to 687,456, was ranked 23rd. Only Texaws – with seven cities had more cities on the list thanNorthb Carolina. Round Rock, Texas, experienced an 8.2 percen increase, with its population rising to 104,446, putting the Texad city in second place. Colorado and Californiaq each had three citiesw on the top25 list.
Raleigh, Cary and Durham ranked among the 25 fastest growingb large cities in the natiobn for the 12 months that endefdJuly 1, 2008, the said in its annuap population estimates released Wednesday. Cary, which saw its population increasseby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growin city. Raleigh’s population climbed by 3.8 percent, to making North Carolina’s capitap the eighth fastest growing city. Durhakm was ranked 16th with a 3 percent increase. Its population rose to New Orleans experiencedan 8.
2 percenyt increase in its population, whicnh rose to 311,853, making the city ravager by Hurricane Katrina in 2005 the fastest growingf city among places with populations greater than 100,000. Charlotte, which saw its population increasseby 2.7 percent, to 687,456, was ranked 23rd. Only Texaws – with seven cities had more cities on the list thanNorthb Carolina. Round Rock, Texas, experienced an 8.2 percen increase, with its population rising to 104,446, putting the Texad city in second place. Colorado and Californiaq each had three citiesw on the top25 list.
Sunday, March 4, 2012
Colorado is more than mountains - bizjournals:
ekaterinaiuvo.blogspot.com
But during the two recessionzs that havehit since, tourismn leaders have watched people get more frugal with travepl dollars, and learned a little about their habits. One of theirt key notations is that thoser who come even in the badtimes — or thosr who wander across their own state to save money ratherd than leave it — are looking for more than just sceneryg to make their vacations And so, new phrases have permeatec both the thinking of those leaders and the promotionaol material that extols Colorado’s virtue to travelers.
They are terms such as culturak heritage, culinary tourism, and beer and wine They’re making a big mark and startingt to diversifythe state’s tourism landscape. “In the early if it didn’t involve snow or whitewater, it wasn’r really tourism,” said Doug Caskey, executive directod of the . “Now the Tourism Office is involving all kindsd ofother tourism, such as heritage tourismm and agritourism ... Most people just think aboug coming to Coloradoto ski. They don’t usuallyy think about coming to Colorado to visity a winery or have a culinary But thatis changing.
” According to the 2007 Longwoodsw Visitor Profile Study commissioned by the , more peopl still come to the Centennial State searching for the outdoords than anything else. Mountains are the prim attraction, according to 44 percent of thos surveyed. Wilderness, lakes and the natural environment all rankecd in thetop 10. But small towns, historixc towns and historic areas all hallmarks of cultural heritage tourism ranked in the top eightas well. Nearly threwe times as many people visitr breweries in Colorado as elsewhere in the United and archaeological-site and historic-culture activities also outpace the nationalo norm, the study noted.
As such, statse officials who flew recentlyto Dallas, Houston and Los Angeles to talk to travelo writers led the discussions with mountains, then shifted to othefr highlights, said Kim McNulty, Colorado Tourism Office (CTO). Pitching the stat now involves mentioning its 73 wineries and 99 craft its myriad festivals andits three-yea r push to establish cultural heritage tours in different arease of Colorado, she said. The CTO and also push the nonrecreationall side of Colorado tourism as it reaches out both to residentsw and nonresidents to tour the Both groups have set up websites advertisiny deals at places ranging from historic homesd tolocal cafes.
“I think it’sw easier to promote the McNulty said of the diversityof “Colorado has so many things to do, from a lower-budget-consciouxs type of vacation to a more luxurious type of Travelers’ new interests have led to side For example, two wine tour companiea have begun operating in Denver. Groups also have begunh that organize “voluntourism” trips that bring people eithedr into or out of Colorado to spend vacationsa helping environmental and socialwelfare causes.
The growthn of choices also has meant that tourisjm officials are advertising Colorado in new placezs to try to hook specific Jayne Buck, vice president of tourism for Visiy Denver, said the local convention and visitorse bureau is reaching out more to Hispanic and to gay and lesbian both viewed as growing tourist segments. Its pitchg isn’t any different to these groupx than to the populationat large, but citiees that make an effort to speak to those groupd in publications aimed at them have had she said.
A booming cultural heritage or wineindustry doesn’y just benefit the proprietors of establishments that fit into those noted Bob Witham, co-owner of in Grand Those who come to the statew to see one type of site also have to eat in sleep in hotels and probably visit other destinationss while they are out here, he and others “A business like ours makew quite an impact on an individual Witham said. At a time when many businesses and governmentsa are cutting back drasticallyon spending, tourisnm promotion in Colorado has been nickeds only slightly.
After a lengthyg debate over whether to cut tax dollard going to a program that will bring in more tax the Legislature this year cut only 25 percent of the CTOmarketing budget, leaving it at $15.6 McNulty noted. With that the office can continue givinb grants to develop culturalheritager tours, she said. And it can continue to employy new marketing techniques to reach people who just as much like to sip a localluy made syrah while sauntering througnh the Snow Goose Festival as those who come here to schusds downthe slopes. “We are blessed to live in a statwe that literally has somethinfgfor everyone,” McNulty said.
But during the two recessionzs that havehit since, tourismn leaders have watched people get more frugal with travepl dollars, and learned a little about their habits. One of theirt key notations is that thoser who come even in the badtimes — or thosr who wander across their own state to save money ratherd than leave it — are looking for more than just sceneryg to make their vacations And so, new phrases have permeatec both the thinking of those leaders and the promotionaol material that extols Colorado’s virtue to travelers.
They are terms such as culturak heritage, culinary tourism, and beer and wine They’re making a big mark and startingt to diversifythe state’s tourism landscape. “In the early if it didn’t involve snow or whitewater, it wasn’r really tourism,” said Doug Caskey, executive directod of the . “Now the Tourism Office is involving all kindsd ofother tourism, such as heritage tourismm and agritourism ... Most people just think aboug coming to Coloradoto ski. They don’t usuallyy think about coming to Colorado to visity a winery or have a culinary But thatis changing.
” According to the 2007 Longwoodsw Visitor Profile Study commissioned by the , more peopl still come to the Centennial State searching for the outdoords than anything else. Mountains are the prim attraction, according to 44 percent of thos surveyed. Wilderness, lakes and the natural environment all rankecd in thetop 10. But small towns, historixc towns and historic areas all hallmarks of cultural heritage tourism ranked in the top eightas well. Nearly threwe times as many people visitr breweries in Colorado as elsewhere in the United and archaeological-site and historic-culture activities also outpace the nationalo norm, the study noted.
As such, statse officials who flew recentlyto Dallas, Houston and Los Angeles to talk to travelo writers led the discussions with mountains, then shifted to othefr highlights, said Kim McNulty, Colorado Tourism Office (CTO). Pitching the stat now involves mentioning its 73 wineries and 99 craft its myriad festivals andits three-yea r push to establish cultural heritage tours in different arease of Colorado, she said. The CTO and also push the nonrecreationall side of Colorado tourism as it reaches out both to residentsw and nonresidents to tour the Both groups have set up websites advertisiny deals at places ranging from historic homesd tolocal cafes.
“I think it’sw easier to promote the McNulty said of the diversityof “Colorado has so many things to do, from a lower-budget-consciouxs type of vacation to a more luxurious type of Travelers’ new interests have led to side For example, two wine tour companiea have begun operating in Denver. Groups also have begunh that organize “voluntourism” trips that bring people eithedr into or out of Colorado to spend vacationsa helping environmental and socialwelfare causes.
The growthn of choices also has meant that tourisjm officials are advertising Colorado in new placezs to try to hook specific Jayne Buck, vice president of tourism for Visiy Denver, said the local convention and visitorse bureau is reaching out more to Hispanic and to gay and lesbian both viewed as growing tourist segments. Its pitchg isn’t any different to these groupx than to the populationat large, but citiees that make an effort to speak to those groupd in publications aimed at them have had she said.
A booming cultural heritage or wineindustry doesn’y just benefit the proprietors of establishments that fit into those noted Bob Witham, co-owner of in Grand Those who come to the statew to see one type of site also have to eat in sleep in hotels and probably visit other destinationss while they are out here, he and others “A business like ours makew quite an impact on an individual Witham said. At a time when many businesses and governmentsa are cutting back drasticallyon spending, tourisnm promotion in Colorado has been nickeds only slightly.
After a lengthyg debate over whether to cut tax dollard going to a program that will bring in more tax the Legislature this year cut only 25 percent of the CTOmarketing budget, leaving it at $15.6 McNulty noted. With that the office can continue givinb grants to develop culturalheritager tours, she said. And it can continue to employy new marketing techniques to reach people who just as much like to sip a localluy made syrah while sauntering througnh the Snow Goose Festival as those who come here to schusds downthe slopes. “We are blessed to live in a statwe that literally has somethinfgfor everyone,” McNulty said.
Friday, March 2, 2012
Atlantic BancGroup Inc Company Profile | ATBC Company Information
ishinlyuboqemija.blogspot.com
million. Our loan portfolio, consisting of 1,240 reached $204 million, setting a record. Deposits, comprisec of 6,984 accounts, totaled $216.7 million. Growthu in assets of 6.5%, in loanzs of nearly 15% and in deposits of 12.5% over the twelve montnh period endingDecember 31, 2007 is quite especially in light of the increased competition in the banking and financial sector throughout Northeast Florida.
Oceanside Bank is a highly-regardede corporate citizen with a genuines concern for the growthand well-being of our Our focus toward development of relationship banking, specializing in real estatw and consumer and small business lending and related deposi services, has served us very well since the inceptionb of the bank. As evidenced by the growthb and profitability numbers stated 2007 was no exception and we look forward to the challengesd and opportunities facing usin 2008. We encouragee you to visit our banking offices and discover banking the OceansidrBank way. You will find we are "Your kind of Your kind of bank.
"
million. Our loan portfolio, consisting of 1,240 reached $204 million, setting a record. Deposits, comprisec of 6,984 accounts, totaled $216.7 million. Growthu in assets of 6.5%, in loanzs of nearly 15% and in deposits of 12.5% over the twelve montnh period endingDecember 31, 2007 is quite especially in light of the increased competition in the banking and financial sector throughout Northeast Florida.
Oceanside Bank is a highly-regardede corporate citizen with a genuines concern for the growthand well-being of our Our focus toward development of relationship banking, specializing in real estatw and consumer and small business lending and related deposi services, has served us very well since the inceptionb of the bank. As evidenced by the growthb and profitability numbers stated 2007 was no exception and we look forward to the challengesd and opportunities facing usin 2008. We encouragee you to visit our banking offices and discover banking the OceansidrBank way. You will find we are "Your kind of Your kind of bank.
"
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