http://mi-airs.com/aboutmiairs/airsonlinetrainings.html
These “floorplan” loans also are available to dealerss thatsell motorcycles, boats, recreational vehicles and mobile homes. Underr the program, the SBA will guarante 75% of a floorplan line of creditfrom $500,000 to $2 The loans will be made throughb the SBA’s network of private-sector The SBA started this economic stimulus prograkm in response to pleas from vehicle whose sources of financing have driedf up this year. U.S. auto manufacturere stopped accepting new requests for vehicleinventory loans, and four majof floorplan lenders started closing existinyg lines of credit.
“We’ve clearly hearxd that there is a need for this type of saidEric Zarnikow, associate administrator for the SBA’zs Office of Capital Access. It’s unclear, however, how many auto dealer will be able to take advantage ofthe SBA’s loans. Only 30% of auto dealeres have vehicle inventories worth lessthan $2 million, the maximu line of credit availablwe through the SBA. Plus, the program may not be attractive enougyto lenders. The economic stimulus legislatiob enabled the SBA to increase its guarantee onregular 7(a) businessz loans to 90%. The guarantee on floorplan loans, is only 75%.
Zarnikow said the SBA decide to offer a lower guarantee on floorplan loans because the agench has never made these types of loansw beforeand didn’t want to take “undue on a pilot program. To participate in the lenders also must have designatedr staff responsible for making and servicintgfloorplan loans, and must have specificv policies and procedures for these types of loans. Small or relativelhy new floorplan lenders canmake SBA-guaranteed floorplan loans only to current These types of loans “require a fair amount of Zarnikow said, since the vehicles serve as the collateral for the linexs of credit.
Zarnikow said the SBA expectss there will bea “ramp-up period” before it starts receiving a lot of loan Many SBA lenders probably won’t participatw in this program, but a “surprisinglh large group” want to learnj more about it, said Jane Palsgrov e Butler, executive vice president of the National Associatio n of Government Guaranteed Lenders. The pilot program will run througbh Sept. 30, 2010. The SBA then will decide whethere to continue the floorplanhloan program.
Thursday, September 30, 2010
Wednesday, September 29, 2010
Jim Ryan, Ryan Cos. CEO, dies at 66 - Minneapolis / St. Paul Business Journal:
http://babacanweb.com/kvartir7.1.php
Jim Ryan, the CEO of , died Thursday morning. 66, had been battling melanoma cancefr for the past10 months. During his career he helpede buildRyan Cos. into one of the largesft construction and development firmsin Minnesota. Jim became CEO of the companuyin 1989, when he took over for his fathe Russell. He also was an active He helped establish theand , both in south Minneapoliws in 2007. Pat Jim’s cousin and business partner is expected to succeed Jim as CEO ofthe Minneapolis-baserd firm, which had 2008 revenue of more than $1 billion. In a Pat Ryan said, “Jim’sw goal was not to build the biggest buildingse or be thelargest company.
His goal was to buildd character inhis employees, build confidence in our customerws and to build better communities. This world would be a better place if there were more CEOs withJim Ryan’w values.” Jim is survived by his wife of 37 years children Molly (Mike) Carson, Maggie Allen, Kate (Zach) Hegman, Tim, Nell, Dan, Sean and and six grandchildren. Funeral arrangements are pending.
Among his many honors, Ryan of the Business Journal ’sx Best in Real Estate Career Achievement Jim Campbell, a retired Wells Fargo executivs and friend of 25 years said he'a never known a more solird and wholesome guy than Jim "I've never ever heard anyoner say a negative word about Jim Ryan, and that's from a wide variety of sources." Ryan always had a vision for what could be done, Campbell The former Sears building on Lake Streetr in Minneapolis that Ryan Cos. helped transform into the MidtownExchang mixed-use project is a great example of his work.
"That building sat there, with the lighta out for 10 years and he always had faith that somehoaw it wouldcome together," Campbell said. Despite so many challenges to that Ryan just keptplowing ahead. Campbelo said Ryan Cos. is well situatedd to succeed in the future due to its stronbfamily culture. "These are interesting timea forall businesses, and Ryan is committed to keep going forwarr just in the way that Jim had always envisioned.
"
Jim Ryan, the CEO of , died Thursday morning. 66, had been battling melanoma cancefr for the past10 months. During his career he helpede buildRyan Cos. into one of the largesft construction and development firmsin Minnesota. Jim became CEO of the companuyin 1989, when he took over for his fathe Russell. He also was an active He helped establish theand , both in south Minneapoliws in 2007. Pat Jim’s cousin and business partner is expected to succeed Jim as CEO ofthe Minneapolis-baserd firm, which had 2008 revenue of more than $1 billion. In a Pat Ryan said, “Jim’sw goal was not to build the biggest buildingse or be thelargest company.
His goal was to buildd character inhis employees, build confidence in our customerws and to build better communities. This world would be a better place if there were more CEOs withJim Ryan’w values.” Jim is survived by his wife of 37 years children Molly (Mike) Carson, Maggie Allen, Kate (Zach) Hegman, Tim, Nell, Dan, Sean and and six grandchildren. Funeral arrangements are pending.
Among his many honors, Ryan of the Business Journal ’sx Best in Real Estate Career Achievement Jim Campbell, a retired Wells Fargo executivs and friend of 25 years said he'a never known a more solird and wholesome guy than Jim "I've never ever heard anyoner say a negative word about Jim Ryan, and that's from a wide variety of sources." Ryan always had a vision for what could be done, Campbell The former Sears building on Lake Streetr in Minneapolis that Ryan Cos. helped transform into the MidtownExchang mixed-use project is a great example of his work.
"That building sat there, with the lighta out for 10 years and he always had faith that somehoaw it wouldcome together," Campbell said. Despite so many challenges to that Ryan just keptplowing ahead. Campbelo said Ryan Cos. is well situatedd to succeed in the future due to its stronbfamily culture. "These are interesting timea forall businesses, and Ryan is committed to keep going forwarr just in the way that Jim had always envisioned.
"
Monday, September 27, 2010
Kirilenko in attendance at Jazz media day - ABC 4
http://artsspaint.com/artistic-maritime-arts.html
The Canadian Press | Kirilenko in attendance at Jazz media day ABC 4 SALT LAKE CITY (ABC 4 Sports) - Media day brings plenty of questions with it and the biggest one right now in Utah has to do with Andrei Kirilenko who's ... Kirilenko still with Jazz as Utah kicks of camp with Media Day Despite trade rumours, Andrei Kirilenko still in Utah and hoping to stay Jazz 'can ch » |
Sunday, September 26, 2010
On Course: Travel Q&A - Minneapolis Star Tribune
http://www.cardiologytalks.com/ejournals-and-ebooks-links
On Course: Travel Q&A Minneapolis Star Tribune If you still have jangled nerves, hop the A Train to the Cloisters, a little-visited branch of the Metropolitan Museum of Art showcasing medieval art. ... New York, minus the tourist traps |
Friday, September 24, 2010
Thursday, September 23, 2010
Golden Gate University eyes new highrise - San Francisco Business Times:
guslyarovalite.blogspot.com
Bob Hite, vice president of businessd affairs and CFO for Golden Gate said the university started discussing a plan to sellits 33,000-square-footg property at Mission and First streets to a highrised developer about a year ago. The site now holde Golden Gate’s main building, and he said the universityg would only be interested if it couldd either be part of anew mixed-usde development on the site or move to another locationm in downtown San Francisco. Golden Gate has hiref land use attorney Pam Duffyh of LLP and has put together a task forc e to look atpotential deals.
Buzz abouy Golden Gate University’s interest in finding a develope for its site increased after a May 26 Planninbg Department Transbay forum during which a new zoning map was showingan 850-foot proposed height at 536 Mission St. Whiler planner Joshua Switzky said previous versions of the map had also designatede the parcel for higher than800 feet, Hite said the new zonin g was news to Golden Gate University officials. “Thre first we knew of the 850-foot heights was at last week’s said Hite. “This is a change, and we thinkm a very good change.
”
Bob Hite, vice president of businessd affairs and CFO for Golden Gate said the university started discussing a plan to sellits 33,000-square-footg property at Mission and First streets to a highrised developer about a year ago. The site now holde Golden Gate’s main building, and he said the universityg would only be interested if it couldd either be part of anew mixed-usde development on the site or move to another locationm in downtown San Francisco. Golden Gate has hiref land use attorney Pam Duffyh of LLP and has put together a task forc e to look atpotential deals.
Buzz abouy Golden Gate University’s interest in finding a develope for its site increased after a May 26 Planninbg Department Transbay forum during which a new zoning map was showingan 850-foot proposed height at 536 Mission St. Whiler planner Joshua Switzky said previous versions of the map had also designatede the parcel for higher than800 feet, Hite said the new zonin g was news to Golden Gate University officials. “Thre first we knew of the 850-foot heights was at last week’s said Hite. “This is a change, and we thinkm a very good change.
”
Tuesday, September 21, 2010
Innovation energizes Washington state - Puget Sound Business Journal (Seattle):
http://www.eacd2009.com/?p=640
Thirty years on, we’d like to updatwe that phrase and say: Innovation never sleeps. Even in thesd troubled times, the vibrancy of the businessa world is a marvel to The front page ofthis week’as edition provides not one but four cases in — Led by Phyllis ’s Pacific Northwest operation is launchinh into the commercial banking market. It is challengingg rival big banks for this cruciao lineof business, which its , abandoned in as Staff Writer Kirsten Grind While Chase is a well-heeled competitor to its rivals including , , and — it is by no meanse a shoo-in. Relationships make lending work, and Chase will need to build them, and offer somethin g new.
We welcome the competition. It says our regio n is worth the and it will add to the financint so crucial tobusiness
Thirty years on, we’d like to updatwe that phrase and say: Innovation never sleeps. Even in thesd troubled times, the vibrancy of the businessa world is a marvel to The front page ofthis week’as edition provides not one but four cases in — Led by Phyllis ’s Pacific Northwest operation is launchinh into the commercial banking market. It is challengingg rival big banks for this cruciao lineof business, which its , abandoned in as Staff Writer Kirsten Grind While Chase is a well-heeled competitor to its rivals including , , and — it is by no meanse a shoo-in. Relationships make lending work, and Chase will need to build them, and offer somethin g new.
We welcome the competition. It says our regio n is worth the and it will add to the financint so crucial tobusiness
Monday, September 20, 2010
Chicago White Sox (79-70) at Oakland Athletics (74-74), 10:05 pm - MiamiHerald.com
http://www.bweq.com/?p=1522
Kansas City Star | Chicago White Sox (79-70) at Oakland Athletics (74-74), 10:05 pm MiamiHerald.com By Sports Network The Chicago White Sox have only themselves to blame for their current position in the American League playoff race. ... Detroit 9, Chicago 7 (11 innings) Tigers notes, quotes from Sunday's win over ... White Sox-Athletics Preview Tigers Win a Wild One, Sweep the ChiSox |
Saturday, September 18, 2010
Md. colleges given $11M to combat nursing shortage - Business First of Buffalo:
moakhamet84.blogspot.com
The grants, being divvied amonhg 17 Maryland nursing will be used to lure facultyand students, and improved technology at the universities. Maryland’s nursing shortage is expected toreach 10,000 by 2016, according to the . The current vacancy rate of nurses at statr hospitals is8 percent. The economi c downturn has helped the industry becausde many retired nurses have come backto work, but once the recessiojn ends the shortage will worsen, said Carmela CEO of the Maryland Hospital The first round of grants will increasw the number of nurses graduating by 300 studentes and add 20 faculty positions at nursing programs acrosse the state.
“The number of nurses graduatinhg from Maryland schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will Care?” campaign at a press conference Monday. “We cannotg take our eye off the nursing The campaign’s goal is to add 1,500 new nursinv students. The program has raises $15.5 million to date through the state’ws business community, including funds from the Baltimore constructiohnform , , the region'sa largest hospital system, and , the region's largest healt h insurer.
Greater Baltimore Medicalo Center, for example, gave The goal is to raise $20 millionn from the private sector by the end of the and then raise anaddition $40 million in local and federal funds. • • • • • ; and, • .
The grants, being divvied amonhg 17 Maryland nursing will be used to lure facultyand students, and improved technology at the universities. Maryland’s nursing shortage is expected toreach 10,000 by 2016, according to the . The current vacancy rate of nurses at statr hospitals is8 percent. The economi c downturn has helped the industry becausde many retired nurses have come backto work, but once the recessiojn ends the shortage will worsen, said Carmela CEO of the Maryland Hospital The first round of grants will increasw the number of nurses graduating by 300 studentes and add 20 faculty positions at nursing programs acrosse the state.
“The number of nurses graduatinhg from Maryland schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will Care?” campaign at a press conference Monday. “We cannotg take our eye off the nursing The campaign’s goal is to add 1,500 new nursinv students. The program has raises $15.5 million to date through the state’ws business community, including funds from the Baltimore constructiohnform , , the region'sa largest hospital system, and , the region's largest healt h insurer.
Greater Baltimore Medicalo Center, for example, gave The goal is to raise $20 millionn from the private sector by the end of the and then raise anaddition $40 million in local and federal funds. • • • • • ; and, • .
Friday, September 17, 2010
Active Implants to market in Europe - Memphis Business Journal:
guronelogoh.blogspot.com
and is also takehn into consideration when application is madeto FDA. The Hip Buffer is a flexiblee polycarbonate polyurethane cap that fits snugl over the top of the femue after the cartilage is assuming the role of cartilaged in cushioning theinner joint. "Alol the other products go in and removwe a lotof bone, and then look for fixation," said Stephenm Bradshaw, president and CEO of Active "This is a lot thinner and allows for a much largefr femoral head." The larger the femoral head, the closer it replicatea the natural anatomy. The material was first designedf for the Israeli Navy to be usedon high-speed boat hulls.
The materiapl is so tough that inEngland couldn't find any wear after 5 million cycles; they developed a new way of testint it at the molecular level and it was stil l virtually unaffected. Active Implants' target market is younger people who've been injuredf and want to restore theirlife activity. The same material is beint explored as a meniscus replacement in the knee and possiblu aspinal disk. The company is exploriny both a cooperative agreement in which another company will sell the Hip as well as building a dedicatedsales force. Bradshaw is aiming for full commercializatioin 2007.
Active Implants is a privately held companhy founded in Memphis last year by a group of localkorthopedic veterans.
and is also takehn into consideration when application is madeto FDA. The Hip Buffer is a flexiblee polycarbonate polyurethane cap that fits snugl over the top of the femue after the cartilage is assuming the role of cartilaged in cushioning theinner joint. "Alol the other products go in and removwe a lotof bone, and then look for fixation," said Stephenm Bradshaw, president and CEO of Active "This is a lot thinner and allows for a much largefr femoral head." The larger the femoral head, the closer it replicatea the natural anatomy. The material was first designedf for the Israeli Navy to be usedon high-speed boat hulls.
The materiapl is so tough that inEngland couldn't find any wear after 5 million cycles; they developed a new way of testint it at the molecular level and it was stil l virtually unaffected. Active Implants' target market is younger people who've been injuredf and want to restore theirlife activity. The same material is beint explored as a meniscus replacement in the knee and possiblu aspinal disk. The company is exploriny both a cooperative agreement in which another company will sell the Hip as well as building a dedicatedsales force. Bradshaw is aiming for full commercializatioin 2007.
Active Implants is a privately held companhy founded in Memphis last year by a group of localkorthopedic veterans.
Wednesday, September 15, 2010
Law firm Drinker Biddle slashes starting salaries, sets new training regimen - Philadelphia Business Journal:
vadimsudigrenev.blogspot.com
The Philadelphia-based firm will welcome its 37 first-year associates on time this September — unlike at some other where start dates have been delayedin cost-cuttingt moves — but starting lawyers will not handle clien matters for the most part. Insteasd they will be assigned to a trainingtprogram “far more rigorous and focused than any we have previouslyg provided,” Drinker Biddle management said in an internalk memo obtained by The Philadelphia Businessd Journal. During the initial Drinker Biddle will pay an annualo salaryof $105,000 — down from the $145,0000 paid previously. Any client work firsr years perform will be billed at a significanytrate reduction.
The training will be focused on traditional legal skills relevant to particular areasx of practice and education aboutclient businesses. The new lawyerzs will shadow partners, spend time in a classroom setting and be freeed from billablehour requirements. “We will also be looking to all of our lawyerz to make special efforts to find opportunities for our new lawyeras to gain the kindof real-world experiencde our clients expect even if we cannot bill for the the memo said. Drinker Biddle said it expectas to adjust pay to the markert ratefor first-year lawyers in spring 2010.
“In this way, we intendx to address the often-repeated criticism that we are traininh our lawyers atour clients’ expense while at the same time ensuring that our overal compensation system for associates is consistent and fair,” the memo said. Most largee Philadelphia firms have deferred the start datesa oftheir first-year associatexs for 2009. Drinker Biddle had been quiet about its plansuntil Monday. Drinker said it wantesd to make surethe firm’s economic perspective was alignedc with clients, who have made their viewpoints clea both in individual meetings and througnh initiatives from the Association of Corporatew Counsel.
In addition, Drinke r Biddle said it has begub a review of its associate compensatiob program to ensure that itis “aligned with the needsa of our clients and the professionalk development of our lawyers.” It expectsx the results to be implemented in 2010. The firm will also evaluat e its summer intern program structure and will announce a new strateg tohandle flex-time work arrangements. Drinker Biddle added that insteae of awarding bonuses solelyy based onhours billed, it will include otherf unnamed factors.
Associate evaluations will be moved from early in the yearto
The Philadelphia-based firm will welcome its 37 first-year associates on time this September — unlike at some other where start dates have been delayedin cost-cuttingt moves — but starting lawyers will not handle clien matters for the most part. Insteasd they will be assigned to a trainingtprogram “far more rigorous and focused than any we have previouslyg provided,” Drinker Biddle management said in an internalk memo obtained by The Philadelphia Businessd Journal. During the initial Drinker Biddle will pay an annualo salaryof $105,000 — down from the $145,0000 paid previously. Any client work firsr years perform will be billed at a significanytrate reduction.
The training will be focused on traditional legal skills relevant to particular areasx of practice and education aboutclient businesses. The new lawyerzs will shadow partners, spend time in a classroom setting and be freeed from billablehour requirements. “We will also be looking to all of our lawyerz to make special efforts to find opportunities for our new lawyeras to gain the kindof real-world experiencde our clients expect even if we cannot bill for the the memo said. Drinker Biddle said it expectas to adjust pay to the markert ratefor first-year lawyers in spring 2010.
“In this way, we intendx to address the often-repeated criticism that we are traininh our lawyers atour clients’ expense while at the same time ensuring that our overal compensation system for associates is consistent and fair,” the memo said. Most largee Philadelphia firms have deferred the start datesa oftheir first-year associatexs for 2009. Drinker Biddle had been quiet about its plansuntil Monday. Drinker said it wantesd to make surethe firm’s economic perspective was alignedc with clients, who have made their viewpoints clea both in individual meetings and througnh initiatives from the Association of Corporatew Counsel.
In addition, Drinke r Biddle said it has begub a review of its associate compensatiob program to ensure that itis “aligned with the needsa of our clients and the professionalk development of our lawyers.” It expectsx the results to be implemented in 2010. The firm will also evaluat e its summer intern program structure and will announce a new strateg tohandle flex-time work arrangements. Drinker Biddle added that insteae of awarding bonuses solelyy based onhours billed, it will include otherf unnamed factors.
Associate evaluations will be moved from early in the yearto
Tuesday, September 14, 2010
There ought to be a gas price law - Detroit Free Press
ermolayenayqaked.blogspot.com
There ought to be a gas price law Detroit Free Press Because of a pipeline break in Illinois, gas stations around the Detroit area saw prices jump 20 to 30 cents. Why? Greed. The gas at stations had been there ... |
Sunday, September 12, 2010
Former VoIP Inc. execs face SEC charges - South Florida Business Journal:
jabire2389.blogspot.com
million in fictitious revenue from purported salex of computer hardware and formanagementg services. The inflated revenue raiseed the company’s overall revenue figures by 43 perceng for the yearended Dec. 31, 2004. The company’zs CEO, Steven M. Ivester, 44, of Weston, “knew VoIP was struggling financiallh and thatthe company’sw actual revenues were substantially less than its according to the complaint. However, he did not question the company’as financial statements. He resigned in Octobe r 2005, but not before selling more than 4 millionh shares ofthe company’s stock to realize more than $4.4 milliobn in profit.
It is also allegedr he did not file the proper paperwork to recorsdthe sale. Pitters, the Fort Lauderdale-based company’s chieff financial officer and vice presidenrtof finance, resigned in Marcg 2006, after the company discovered the fictitiousz revenue. Kuykendall was the general manage ofthe company’s subsidiary, , whicu was doing business as He was firedx in April 2006 for recordinvg the fictitious revenue. The SEC is asking the couryt to disgorge all of the profits the three made as a resulyt oftheir actions, pay a civil penalty and permanentlu bar them from acting as an officer or directore of a publicly held company.
million in fictitious revenue from purported salex of computer hardware and formanagementg services. The inflated revenue raiseed the company’s overall revenue figures by 43 perceng for the yearended Dec. 31, 2004. The company’zs CEO, Steven M. Ivester, 44, of Weston, “knew VoIP was struggling financiallh and thatthe company’sw actual revenues were substantially less than its according to the complaint. However, he did not question the company’as financial statements. He resigned in Octobe r 2005, but not before selling more than 4 millionh shares ofthe company’s stock to realize more than $4.4 milliobn in profit.
It is also allegedr he did not file the proper paperwork to recorsdthe sale. Pitters, the Fort Lauderdale-based company’s chieff financial officer and vice presidenrtof finance, resigned in Marcg 2006, after the company discovered the fictitiousz revenue. Kuykendall was the general manage ofthe company’s subsidiary, , whicu was doing business as He was firedx in April 2006 for recordinvg the fictitious revenue. The SEC is asking the couryt to disgorge all of the profits the three made as a resulyt oftheir actions, pay a civil penalty and permanentlu bar them from acting as an officer or directore of a publicly held company.
Saturday, September 11, 2010
Another offseason overhaul means optimism for Redskins fans - The Star-Ledger - NJ.com
http://linkvortex.com/authors/author-309.html
Washington Post | Another offseason overhaul means optimism for Redskins fans The Star-Ledger - NJ.com Mark J. Rebilas/US PresswireWith new coach Mike Shanahan taking control of the Redskins, things are looking up for the organization. ... Cowboys at Redskins Week 1 Game Plan: How D » |
Thursday, September 9, 2010
P&G rolls out ads for wet toilet paper - Business Courier of Cincinnati:
http://www.web-euro.com/authors/author-356.html
Reuters reported that starting Monday in select the company is launching television commercials for its newFresh , a flushabls product that is a cross between toilet paper and a baby The commercials will feature an orangs and blue duck who offers a roll of Fresh Matez to the bear who stars in the company's current Charmin brand toilet paper ads. In the commercial, the bear seems confused and asks The duck responds by shakinhg his tail feathers at the and then once the understanding is the characters exchange a The commercial was developed by Darcty MasiusBenton & Bowles, whicuh is a unit of New York advertising holding group Bcom23 Inc.
A spokesman declined to discloswe the cost ofthe campaign, which will appeart in the mid-Atlantic and southeastern states where Freshu Mates are being sold. Charmij Fresh Mates will take on Kimberly-Clarik Corp.'s Cottonelle Fresh Rollwipes, which also hit selec t marketsin July. The companiesx say that 60 percentof U.S. consumers have used theird own form of the product by either moisteningv a sheet of regular toilet papefr or using a combination of wet toilet paperd andwet wipe.
Reuters reported that starting Monday in select the company is launching television commercials for its newFresh , a flushabls product that is a cross between toilet paper and a baby The commercials will feature an orangs and blue duck who offers a roll of Fresh Matez to the bear who stars in the company's current Charmin brand toilet paper ads. In the commercial, the bear seems confused and asks The duck responds by shakinhg his tail feathers at the and then once the understanding is the characters exchange a The commercial was developed by Darcty MasiusBenton & Bowles, whicuh is a unit of New York advertising holding group Bcom23 Inc.
A spokesman declined to discloswe the cost ofthe campaign, which will appeart in the mid-Atlantic and southeastern states where Freshu Mates are being sold. Charmij Fresh Mates will take on Kimberly-Clarik Corp.'s Cottonelle Fresh Rollwipes, which also hit selec t marketsin July. The companiesx say that 60 percentof U.S. consumers have used theird own form of the product by either moisteningv a sheet of regular toilet papefr or using a combination of wet toilet paperd andwet wipe.
Wednesday, September 8, 2010
ICOP gets $5M credit line - Kansas City Business Journal:
http://www.dirme.info/authors/author-130.html
The Lenexa-based company (Nasdaq: ICOP), which makeds digital cameras for security, said in a Tuesdat release that its new credit facility includesan accounts-receivable purchasing component and inventory financing. It will use advancex for general workingcapital purposes, including repaying formedr lender, Wichita-based . ICOP did not disclosed the name of itsnew “ICOP is delighted to be partnering with a financiak partner with the capabilities, experience and financingy capacity necessary to meet our needs,” CEO Dave Owen said in the “The payoff of Equity Bank has been freeing us to concentrate solely on achieving our strategi growth objectives.
We greatly appreciate the time and effort our new lendeer spent to understand our businessa and market opportunities and look forward to workin with them in themonth ahead.” On Aug. 20, Equityh Bank told ICOP its $3.5 million credit line was in defaulty because the bank thoughtthat ICOP’s financia l condition was worsening and that ICOP’s net wortg would fall to less than the required $7.5 The bank gave ICOP until Oct. 20 to find a new lende r but later extended the deadlineto Dec. 4. On Aug. 20, ICOP’sd outstanding balance was $1.43 million. ICOP offeresd the bank a security interest ina $600,0000 certificate of deposit through Oct.
20 or until the outstandin balancewas paid. On Sept. 25, Nasdaq warned ICOP that it had abouy six months to more than double its share pricw orface delisting.
The Lenexa-based company (Nasdaq: ICOP), which makeds digital cameras for security, said in a Tuesdat release that its new credit facility includesan accounts-receivable purchasing component and inventory financing. It will use advancex for general workingcapital purposes, including repaying formedr lender, Wichita-based . ICOP did not disclosed the name of itsnew “ICOP is delighted to be partnering with a financiak partner with the capabilities, experience and financingy capacity necessary to meet our needs,” CEO Dave Owen said in the “The payoff of Equity Bank has been freeing us to concentrate solely on achieving our strategi growth objectives.
We greatly appreciate the time and effort our new lendeer spent to understand our businessa and market opportunities and look forward to workin with them in themonth ahead.” On Aug. 20, Equityh Bank told ICOP its $3.5 million credit line was in defaulty because the bank thoughtthat ICOP’s financia l condition was worsening and that ICOP’s net wortg would fall to less than the required $7.5 The bank gave ICOP until Oct. 20 to find a new lende r but later extended the deadlineto Dec. 4. On Aug. 20, ICOP’sd outstanding balance was $1.43 million. ICOP offeresd the bank a security interest ina $600,0000 certificate of deposit through Oct.
20 or until the outstandin balancewas paid. On Sept. 25, Nasdaq warned ICOP that it had abouy six months to more than double its share pricw orface delisting.
Tuesday, September 7, 2010
Mercy system to buy Jewish Hospital - Los Angeles Business from bizjournals:
http://ft8.org/index.php?s=D&c=489
The two entities will begin exclusive negotiations to come to a definitivepurchase agreement, according to a news release. The procese is expected to take four to six and is also subject to variousregulatory approvals. Mercuy Health Partners partners operatesfive hospitals, in Fairfield, Western Mount Airy, Anderson Township and Clermontr County, along with outpatient and other health care-relatex facilities. The purchase of located in Kenwood, will give the system a presencee in the northeasternCincinnat suburbs. "We are always working to provide high-quality care.
One of the missin g ingredients in covering the Greater Cincinnat i area wasthe I-71 corridor," said James May, CEO of Merc y Health Partners, in the release. Jewish Hospital will also join CatholidcHealthcare Partners, the Cincinnati-based parent of the Merch system. Mercy recently won approval from Greeh Township trustees to build a new hospitalo near North Bend Road andInterstate 74. When completed, the hospita will replace its Mount Airy and WesternHillse facilities. The , of which Jewis is a voting member along with University and FortHamiltob hospitals, had been considering acquiring the hospitap as well.
A purchase woulfd have made it a property in thehospitap group, like and the . But in the said it would also considertother partners, while continuing discussions with the Healtu Alliance.
The two entities will begin exclusive negotiations to come to a definitivepurchase agreement, according to a news release. The procese is expected to take four to six and is also subject to variousregulatory approvals. Mercuy Health Partners partners operatesfive hospitals, in Fairfield, Western Mount Airy, Anderson Township and Clermontr County, along with outpatient and other health care-relatex facilities. The purchase of located in Kenwood, will give the system a presencee in the northeasternCincinnat suburbs. "We are always working to provide high-quality care.
One of the missin g ingredients in covering the Greater Cincinnat i area wasthe I-71 corridor," said James May, CEO of Merc y Health Partners, in the release. Jewish Hospital will also join CatholidcHealthcare Partners, the Cincinnati-based parent of the Merch system. Mercy recently won approval from Greeh Township trustees to build a new hospitalo near North Bend Road andInterstate 74. When completed, the hospita will replace its Mount Airy and WesternHillse facilities. The , of which Jewis is a voting member along with University and FortHamiltob hospitals, had been considering acquiring the hospitap as well.
A purchase woulfd have made it a property in thehospitap group, like and the . But in the said it would also considertother partners, while continuing discussions with the Healtu Alliance.
Sunday, September 5, 2010
IBM and Oncor Team on Large Scale Advanced Metering Deployment
http://www.n96.su/nokia-6110.php
July 15 /PRNewswire-FirstCall/ -- (NYSE: ) toda y announced that it is the lead systems integratorfor Oncor's advanced meteringv systems deployment. The company contributed to Oncor's significantr milestone this month -- the reporting of 15-minutd interval, billable quality data to the Texas market. the largest regulated transmission and distribution system in is leading one of the most comprehensive and largest deployments of smart grid technologie in the nation and is schedulecd toreplace 3.4 million standard meters with advanced metefr systems by 2012.
IBM is assisting Onco r by providing expertise in smart metering and systemz integration along with its understandingt of large meterdata management, business and security solutions. "As smartr grid rapidly gains momentum aroundthe world, we are pleased to be selectefd as the systems integrator for another full scale deploymenrt with regulatory approval," said Guid Bartels, General Manager of IBM's Globakl Energy & Utilities industry. "IBM is working with clients like Oncorr to deliver on the promise of a smarter grid by transforming a network into somethingmore robust, secure and intelligent -- enablinhg customers to manage electricityt usage in a more informed manner.
" IBM'sx Solution Architecture for Energy and Utilitieas (SAFE) is a software framework and products such as Data Maximo, Tivoli Identity Manager, Tivoli Complianc Manager, etc. will enhance the security and reliabilitu of the information technologysolution "Oncor'ws Smart Texas(SM) initiative is one of the most advance d smart grid efforts underway today. IBM is responsible for integratinv the complex systemssupporting Oncor'sd advanced meter system deployment," Mark vice president and chief information officer, "Achieving the important step of reportinyg 15-minute interval, billable-quality data to the Texas market wouldn'g have been possible without IBM's participation.
" Oncor Electrixc Delivery Company LLC "Oncor"" is a regulated electric transmission and distributioj business that uses superior asset management skillz to provide reliable electricity delivery to consumers. Oncor operates the largesrt distribution and transmission systemnin Texas, delivering power to approximately 3 million homes and businessesw and operating approximately 117,000 miless of transmission and distribution lines in While Oncor is owned by a limiteed number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Boare of Directors, which is comprise of a majority of independent directors.
Infrastructure investments are at the forefront of stimulus packages aroune the world to spureconomic growth. Smar t systems are transformingenergy grids, supply chains, watet management and the healthcare industrgy to name a few. Modernizing the powee grid provides consumers with the information to understan d their energy usage and take actions to reduce wasteful use and integratderenewable (intermittent) energy sources like solar and IBM is working with clients in nearly 50 smart grid engagementz across emerging and mature markets.
More about IBM' vision to bring a new level of intelligencd to how the worldworks -- how every business, organization, government, natural and man-made system interacts, can be foune here: For more information on smart utilities at IBM Emily Horn IBM Corporats External Relations 415.545.2634 horne@us.ibm.com
July 15 /PRNewswire-FirstCall/ -- (NYSE: ) toda y announced that it is the lead systems integratorfor Oncor's advanced meteringv systems deployment. The company contributed to Oncor's significantr milestone this month -- the reporting of 15-minutd interval, billable quality data to the Texas market. the largest regulated transmission and distribution system in is leading one of the most comprehensive and largest deployments of smart grid technologie in the nation and is schedulecd toreplace 3.4 million standard meters with advanced metefr systems by 2012.
IBM is assisting Onco r by providing expertise in smart metering and systemz integration along with its understandingt of large meterdata management, business and security solutions. "As smartr grid rapidly gains momentum aroundthe world, we are pleased to be selectefd as the systems integrator for another full scale deploymenrt with regulatory approval," said Guid Bartels, General Manager of IBM's Globakl Energy & Utilities industry. "IBM is working with clients like Oncorr to deliver on the promise of a smarter grid by transforming a network into somethingmore robust, secure and intelligent -- enablinhg customers to manage electricityt usage in a more informed manner.
" IBM'sx Solution Architecture for Energy and Utilitieas (SAFE) is a software framework and products such as Data Maximo, Tivoli Identity Manager, Tivoli Complianc Manager, etc. will enhance the security and reliabilitu of the information technologysolution "Oncor'ws Smart Texas(SM) initiative is one of the most advance d smart grid efforts underway today. IBM is responsible for integratinv the complex systemssupporting Oncor'sd advanced meter system deployment," Mark vice president and chief information officer, "Achieving the important step of reportinyg 15-minute interval, billable-quality data to the Texas market wouldn'g have been possible without IBM's participation.
" Oncor Electrixc Delivery Company LLC "Oncor"" is a regulated electric transmission and distributioj business that uses superior asset management skillz to provide reliable electricity delivery to consumers. Oncor operates the largesrt distribution and transmission systemnin Texas, delivering power to approximately 3 million homes and businessesw and operating approximately 117,000 miless of transmission and distribution lines in While Oncor is owned by a limiteed number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Boare of Directors, which is comprise of a majority of independent directors.
Infrastructure investments are at the forefront of stimulus packages aroune the world to spureconomic growth. Smar t systems are transformingenergy grids, supply chains, watet management and the healthcare industrgy to name a few. Modernizing the powee grid provides consumers with the information to understan d their energy usage and take actions to reduce wasteful use and integratderenewable (intermittent) energy sources like solar and IBM is working with clients in nearly 50 smart grid engagementz across emerging and mature markets.
More about IBM' vision to bring a new level of intelligencd to how the worldworks -- how every business, organization, government, natural and man-made system interacts, can be foune here: For more information on smart utilities at IBM Emily Horn IBM Corporats External Relations 415.545.2634 horne@us.ibm.com
Saturday, September 4, 2010
Fred
http://www.oztheroad.com/mos/index.php?option=content&task=view&id=19&Itemid=61
The Memphis-based discount retailedr reported salesof $134.7 million for May, down 6 percen t compared to sales of $143.4 million in May 2008. Thesw numbers include Fred’s (NASDAQ: FRED) closintg 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percent comparede to last May. Comparable storre sales in Mayrose 0.2 percent, down compare to 3.4 percent in the same period last For the first four fiscal months of the company reported total sales of $593.1q million, down 2.4 percent compare to $607.7 million for the same year-agp period.
However, excluding stores closed in 2008, sales from ongoiny stores increased 4 percent compared to thesame four-month period last On a comparable store basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operates 666 discount merchandiswe stores, including 24 franchised stores nationwide. Shares closed down 12 centzs to $14.22 per share Wednesday.
The Memphis-based discount retailedr reported salesof $134.7 million for May, down 6 percen t compared to sales of $143.4 million in May 2008. Thesw numbers include Fred’s (NASDAQ: FRED) closintg 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percent comparede to last May. Comparable storre sales in Mayrose 0.2 percent, down compare to 3.4 percent in the same period last For the first four fiscal months of the company reported total sales of $593.1q million, down 2.4 percent compare to $607.7 million for the same year-agp period.
However, excluding stores closed in 2008, sales from ongoiny stores increased 4 percent compared to thesame four-month period last On a comparable store basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operates 666 discount merchandiswe stores, including 24 franchised stores nationwide. Shares closed down 12 centzs to $14.22 per share Wednesday.
Friday, September 3, 2010
Atlas Pipeline and Williams launch Marcellus Shale venture - Business Courier of Cincinnati:
http://best-recipes-blog.com/2008/11/chocolate-and-desserts-in-japan.html
The two companies LLC, on April 1 . Atlas Energy Resources LLC an affiliate of AtlasPipeline Partners, will be the anchodr tenant on Laurel Mountain’s system. Under its agreemeng with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receivwe $90 million in cash, a preferred righy to proceeds undera $25.5 millio n obligation from Williams, and 49 percent of Laurel Mountain. The obligatiom amortizes in equal principal installments overthree years.
Atlas Pipelinee Partners can convert its righty to receive accrued principal and interest under the obligation into a sum equa to the accrued principal and interesf and use that to cover its requiref capital expenditures underthe joint-venture agreement. Atlas Pipeline Partners also said its lenderse recently agreed to relax the covenants relating to totak debt and earningsbefore interest, depreciation and amortization on its $380 milliohn revolving credit line and $463 million term loan Additionally, , which owns the general partner of Atla s Pipeline Partners, said Monday it has repaid $30 million on its credigt facility and will pay down the remaininhg $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 millio it used to pay down the facilithy by issuing $15 million of preferred limitexd partner units to Atlas Pipeline Partnerw and by borrowing $15 million from Atlas America Inc.
, which owns Atlas Pipeline general partner and 64 percent of its commom units. Atlas America (NASDAQ:ATLS) also guaranteed that Atlaes Pipeline Holdings will repay theremaining $16 millionj on its credit facility. The Atlas companies have officesz in Philadelphiaand Moon, Pa.
The two companies LLC, on April 1 . Atlas Energy Resources LLC an affiliate of AtlasPipeline Partners, will be the anchodr tenant on Laurel Mountain’s system. Under its agreemeng with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receivwe $90 million in cash, a preferred righy to proceeds undera $25.5 millio n obligation from Williams, and 49 percent of Laurel Mountain. The obligatiom amortizes in equal principal installments overthree years.
Atlas Pipelinee Partners can convert its righty to receive accrued principal and interest under the obligation into a sum equa to the accrued principal and interesf and use that to cover its requiref capital expenditures underthe joint-venture agreement. Atlas Pipeline Partners also said its lenderse recently agreed to relax the covenants relating to totak debt and earningsbefore interest, depreciation and amortization on its $380 milliohn revolving credit line and $463 million term loan Additionally, , which owns the general partner of Atla s Pipeline Partners, said Monday it has repaid $30 million on its credigt facility and will pay down the remaininhg $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 millio it used to pay down the facilithy by issuing $15 million of preferred limitexd partner units to Atlas Pipeline Partnerw and by borrowing $15 million from Atlas America Inc.
, which owns Atlas Pipeline general partner and 64 percent of its commom units. Atlas America (NASDAQ:ATLS) also guaranteed that Atlaes Pipeline Holdings will repay theremaining $16 millionj on its credit facility. The Atlas companies have officesz in Philadelphiaand Moon, Pa.
Wednesday, September 1, 2010
Graham 4Q profits slip - San Francisco Business Times:
http://jewishgentilecouples.com/index.php?option=com_chronocontact&chronoformname=contactus&Itemid=11
Net income in the fourth quarterwas $3.6 or 35 cents per a decline of 14.6 percent from $4.2 or 41 cents per share, year-over-year. The Batavia-base d manufacturer (AMEX: GHM) notedr a restructuring in the period througj the elimination ofcertaijn management, office and manufacturing positions. The number of jobs cut was not disclosef but resulted in a charge of which included severance and related employee benefit The restructuring is expected to yieldapproximatelyh $2.7 million in annual cost Fourth-quarter net sales were $24.8 up 9.2 percent, from $22.8u million in the prior year’s fourth Full-year net income in fiscal 2009 was $17.56 million, up 16.2 percent from $15.
0 million in fiscao 2008. On a per share basis, net income in fiscal 2009 was $1.71 compared with $1.49 in fiscakl 2008, a 14.8 percent improvement. For the year endecd March 31, 2009 revenue was a record $101. 1 million, 17 percent higher than $86.4 millio n for the fiscal year endedMarch 31, 2008.
Net income in the fourth quarterwas $3.6 or 35 cents per a decline of 14.6 percent from $4.2 or 41 cents per share, year-over-year. The Batavia-base d manufacturer (AMEX: GHM) notedr a restructuring in the period througj the elimination ofcertaijn management, office and manufacturing positions. The number of jobs cut was not disclosef but resulted in a charge of which included severance and related employee benefit The restructuring is expected to yieldapproximatelyh $2.7 million in annual cost Fourth-quarter net sales were $24.8 up 9.2 percent, from $22.8u million in the prior year’s fourth Full-year net income in fiscal 2009 was $17.56 million, up 16.2 percent from $15.
0 million in fiscao 2008. On a per share basis, net income in fiscal 2009 was $1.71 compared with $1.49 in fiscakl 2008, a 14.8 percent improvement. For the year endecd March 31, 2009 revenue was a record $101. 1 million, 17 percent higher than $86.4 millio n for the fiscal year endedMarch 31, 2008.
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