zlatkopaisley1275.blogspot.com
Two workers reported the blazeat 6:17 p.m. in one of the company’s mixing rooms where flammable chemicals are said Brentwood Fire ChiefBob Niemeyer. At leasft 16 fire departments and 20 fire trucks responded tothe four-alarm which burned so hot and spread so quickly due to the chemicalds involved, firefighters had to try putting it out two differeny times because the fire got “too hot and too dangerous,” Niemeyere said. A Glendale fireman overcome with heat was takehn to an area hospitaland treated. The blaze damaged a KV buildingvalong Hanley, along with four other Niemeyer said.
KV said Wednesday that the damagerd facilityhoused , the company's pharmaceutical ingredientg subsidiary. "KV is currently assessing the damages to the facility as a resulg of the fire and is evaluating the if any, that the fire will have on the company'ss previously announced sale process for PDI," the compang said. "PDI's business is primarily contract which is unaffected bythe fire." Late last KV suspended and recalleed painkillers after experiencing problems with including producing oversized tablets.
In KV said it enterede into a consent decree with the FDA that outlinesx a series of measures that will permitr KV and its subsidiaries to resum manufacturingand distribution. KV also from shareholderz allegingthey were
Monday, April 30, 2012
Saturday, April 28, 2012
BioDelivery Sciences lines up stock-offering option - Triangle Business Journal:
opexibu.wordpress.com
Securities filings show the company has filedf a shelf registration for the sale of upto $50 milliohn in BDSI stock. CEO Mark Sirgl says the company is well funderd and does not plan at this point to issue the new shares but might do so when the marketg improves and if the cash is It makes little sense to go out and sell shareesat $3 a share when the pricinbg is expected to be improved,” Sirgo says of the company’xs stock, which is selling a littlre above $3 a shar on the Nasdaq stoclk market.
BDSI’s filing says the Raleig company would use proceeds from a prospective fundraiserfor “general corporate purposes, includingt the advancement of our product language typical of such filings. BDSI’s lead product, is a small patch that deliversxthe pain-killing drug fentanyl. Unlikee already available fentanylskin patches, Onsolis is placed on the insidde of the cheek, delivering the drug to the bloodstreamm faster. Onsolis is intended for cancer patients whoexperience “breakthrough pain” beyond what other drugs can manage. BDSI has been fundinhg its operations mostly from milestoned payments from drug developmentpartner Meda.
The Swedish pharmaceuticap company has distribution rights for Onsolis in theUnited Canada, Mexico and Europe. BDSI is due a $30 milliohn payment from Meda upon approval of Onsolis. Earlier this month, BDSI received $6 million in additionalp financingfrom Meda. The deal calls for Meda to pay $3 millionj for the worldwide rights to distributee Onsolis in every countrgy except Taiwan and South The deal also calls for Meda toadvancw $3 million of the $30 million milestone payment due upon approvakl of Onsolis. Sirgo says the financingh will be applied to regulatory work associated with Onsolies as well asother products.
BDSI is also developingt an antifungal treatment that can be administered He says phase I clinical trial resultx forthat product, Bioral Amphotericin B, should be availabl e by early March. Shelf registrations are common amongtpublic companies. Chris Matton, a securitieds lawyer with in Raleigh, says the filingw allow companies to have theire plans blessed by the so that when the companyhis ready, it can go ahead and seek to raisse money by issuing new securities.
Securities filings show the company has filedf a shelf registration for the sale of upto $50 milliohn in BDSI stock. CEO Mark Sirgl says the company is well funderd and does not plan at this point to issue the new shares but might do so when the marketg improves and if the cash is It makes little sense to go out and sell shareesat $3 a share when the pricinbg is expected to be improved,” Sirgo says of the company’xs stock, which is selling a littlre above $3 a shar on the Nasdaq stoclk market.
BDSI’s filing says the Raleig company would use proceeds from a prospective fundraiserfor “general corporate purposes, includingt the advancement of our product language typical of such filings. BDSI’s lead product, is a small patch that deliversxthe pain-killing drug fentanyl. Unlikee already available fentanylskin patches, Onsolis is placed on the insidde of the cheek, delivering the drug to the bloodstreamm faster. Onsolis is intended for cancer patients whoexperience “breakthrough pain” beyond what other drugs can manage. BDSI has been fundinhg its operations mostly from milestoned payments from drug developmentpartner Meda.
The Swedish pharmaceuticap company has distribution rights for Onsolis in theUnited Canada, Mexico and Europe. BDSI is due a $30 milliohn payment from Meda upon approval of Onsolis. Earlier this month, BDSI received $6 million in additionalp financingfrom Meda. The deal calls for Meda to pay $3 millionj for the worldwide rights to distributee Onsolis in every countrgy except Taiwan and South The deal also calls for Meda toadvancw $3 million of the $30 million milestone payment due upon approvakl of Onsolis. Sirgo says the financingh will be applied to regulatory work associated with Onsolies as well asother products.
BDSI is also developingt an antifungal treatment that can be administered He says phase I clinical trial resultx forthat product, Bioral Amphotericin B, should be availabl e by early March. Shelf registrations are common amongtpublic companies. Chris Matton, a securitieds lawyer with in Raleigh, says the filingw allow companies to have theire plans blessed by the so that when the companyhis ready, it can go ahead and seek to raisse money by issuing new securities.
Thursday, April 26, 2012
Sales heating up for Earth to Air - Kansas City Business Journal:
cicugaha.wordpress.com
Formed in 2002, Earth to Air System s develops heating and coolinyg systems based on a technology known as directexchange geothermal, called DX in the industry. The company’ss applications have been shown to reduces heating and cooling costs by 50 percentt to80 percent, CEO Randt Wiggs says. Earth to Air’se system bypasses the more conventional geothermalp heating andcooling model. Instead of using wate r as a source, the technologty skips a step and controls heating and temperatures directlyt from the earth withcopperd tubing. The tubes tap into wellw that are 300 to 500feet deep. Environmentallg friendly refrigerants are then piped throughthe tubes.
Earthn to Air’s revenue comes from licensinvg fees collected from heatingt and cooling companies who decide to market and install the Earth to Air got its first international distributor two years ago when Australiam entrepreneur John Gagliardi embracedthe technology. He says he’s securee more than $30 million in projects, includinbg contracts with school systems, mining camps, housing projects and major corporations, such as BP. “We are movintg into significant profitability,” Galiardi says, adding that he’s planninvg on expanding into the Southeasft Asianmarket soon.
Galiardi predicts that Earthu to Air willbecome “a billion dollar business or Sales in the first quarter were up 60 percen from the same time last year. “We’re livingf in an time when there’es a huge demand (for products) to reduce our dependence on foreign oil,” Gagliardi “Twenty years ago this wouldn’t have worked. It wouldn’tr have even worked 10 years ago. But now the potentia is huge.” There are multiple installationw of Earthto Air’as geothermal system in the Unitex States, but the company is just now settin g up a formal distributoer network, says Clayton Washburn, chief operations officer at Eartjh to Air.
“Our biggest struggle is having to say no at Washburn says. “We’re preparing for a much biggefr onslaught.”
Formed in 2002, Earth to Air System s develops heating and coolinyg systems based on a technology known as directexchange geothermal, called DX in the industry. The company’ss applications have been shown to reduces heating and cooling costs by 50 percentt to80 percent, CEO Randt Wiggs says. Earth to Air’se system bypasses the more conventional geothermalp heating andcooling model. Instead of using wate r as a source, the technologty skips a step and controls heating and temperatures directlyt from the earth withcopperd tubing. The tubes tap into wellw that are 300 to 500feet deep. Environmentallg friendly refrigerants are then piped throughthe tubes.
Earthn to Air’s revenue comes from licensinvg fees collected from heatingt and cooling companies who decide to market and install the Earth to Air got its first international distributor two years ago when Australiam entrepreneur John Gagliardi embracedthe technology. He says he’s securee more than $30 million in projects, includinbg contracts with school systems, mining camps, housing projects and major corporations, such as BP. “We are movintg into significant profitability,” Galiardi says, adding that he’s planninvg on expanding into the Southeasft Asianmarket soon.
Galiardi predicts that Earthu to Air willbecome “a billion dollar business or Sales in the first quarter were up 60 percen from the same time last year. “We’re livingf in an time when there’es a huge demand (for products) to reduce our dependence on foreign oil,” Gagliardi “Twenty years ago this wouldn’t have worked. It wouldn’tr have even worked 10 years ago. But now the potentia is huge.” There are multiple installationw of Earthto Air’as geothermal system in the Unitex States, but the company is just now settin g up a formal distributoer network, says Clayton Washburn, chief operations officer at Eartjh to Air.
“Our biggest struggle is having to say no at Washburn says. “We’re preparing for a much biggefr onslaught.”
Tuesday, April 24, 2012
Firm releases risk ratings for commercial real estate loans - Houston Business Journal:
viktorevaikubuwo.blogspot.com
of San Francisco has been tracking commercial lending risk in more than 100 citiees for the past two yearsusing vacancy, rent and other information from multiple real estatw companies. Banc Investment has just released the findingd for the first time to thegeneral “Many banks think all commercial property is the same,” said Chriss Nichols, president and chief executive of Banc “But it’s clear that’s not the The company is a subsidiary of Bancshares, a consultant to communityh banks that don’t have the depth of larger In Sacramento, it might not be surprising that all propertied scored lower in the firsg quarter of this year than they did in April 2007, when the indexs was benchmarked on a nationwide But there’s now a wide spread betweebn the risk for lending for retaill buildings, which the index suggests is the riskies property type to lender s, with an inded number of 57.
9, and apartment buildings, the leasgt risky of the four categories, at an indexd number of 89.1. “Multifamily housing is holding up acrossthe U.S. and that’x the way it is in Sacramento,” Nicholxs said. “It basically didn’t budgr for eight quarters beforer dipping.” Kevin Randles, a debt and equity financs specialistat ’ Sacramentp office, said housing is one area that usuall recovers first during a downturn, though this recession might be the exception because it was drivenm by housing. Still, he said the general consensu is that multifamily is a safe bet right now than other property types, an assertion backed by the company’sd own data.
“Everyone needs a place to live,” he said. Dean a principal in ’s Apartment Advisorty Team, said apartments carry lower risk because vacancy rates in Sacramento are more attractiv than otherproperty types. But lendersw don’t necessarily heed the signs. “They’ve gone very conservative,” Bagneschoi said. “They’ve cut back dramatically. They say they are lookiny at deals, but there isn’t a lot of activity.” Buyers, meanwhile, are looking to scoree bank-owned apartment properties, but therew isn’t a glut of distresses property onthe market.
That’d contrary to the early 1990sw recession, when apartment buildings were one of the most besiegedxproperty types, said Bagneschi’s partner John During that recession, owners had more debt and less cash on This time, banks that might have their hands full with othet types of foreclosed propertyt are moving very slowly through the foreclosurew process. In order for a deal to be funded, “thwe pitch has to be right down the middlw ofthe plate,” Gallaghe said. Gallagher noted that was one of the biggesyt lenders for apartment transactionsin Sacramento. The bank failee last year, and though its banking operations were purchasecdby J.P.
Morgan the new owner’s intentions towarf restarting commercial lending for multifamilypropertiez isn’t clear, Gallagher said. On the retail side, the trepidationh goes beyond investment loans as retaik tenants struggle tofind financing. Craig Burress, a retaip broker at CB Richard Ellis, said some smalkl chains or regional companiesd that wanted to expand into Sacramentop have had to delay plans for lackof financing. “Chain s that were new to Sacramento wantedx to expand and found the valve shut he said. “I don’t want to make like that’s across the but I have a feeling it is pretty universal.
”
of San Francisco has been tracking commercial lending risk in more than 100 citiees for the past two yearsusing vacancy, rent and other information from multiple real estatw companies. Banc Investment has just released the findingd for the first time to thegeneral “Many banks think all commercial property is the same,” said Chriss Nichols, president and chief executive of Banc “But it’s clear that’s not the The company is a subsidiary of Bancshares, a consultant to communityh banks that don’t have the depth of larger In Sacramento, it might not be surprising that all propertied scored lower in the firsg quarter of this year than they did in April 2007, when the indexs was benchmarked on a nationwide But there’s now a wide spread betweebn the risk for lending for retaill buildings, which the index suggests is the riskies property type to lender s, with an inded number of 57.
9, and apartment buildings, the leasgt risky of the four categories, at an indexd number of 89.1. “Multifamily housing is holding up acrossthe U.S. and that’x the way it is in Sacramento,” Nicholxs said. “It basically didn’t budgr for eight quarters beforer dipping.” Kevin Randles, a debt and equity financs specialistat ’ Sacramentp office, said housing is one area that usuall recovers first during a downturn, though this recession might be the exception because it was drivenm by housing. Still, he said the general consensu is that multifamily is a safe bet right now than other property types, an assertion backed by the company’sd own data.
“Everyone needs a place to live,” he said. Dean a principal in ’s Apartment Advisorty Team, said apartments carry lower risk because vacancy rates in Sacramento are more attractiv than otherproperty types. But lendersw don’t necessarily heed the signs. “They’ve gone very conservative,” Bagneschoi said. “They’ve cut back dramatically. They say they are lookiny at deals, but there isn’t a lot of activity.” Buyers, meanwhile, are looking to scoree bank-owned apartment properties, but therew isn’t a glut of distresses property onthe market.
That’d contrary to the early 1990sw recession, when apartment buildings were one of the most besiegedxproperty types, said Bagneschi’s partner John During that recession, owners had more debt and less cash on This time, banks that might have their hands full with othet types of foreclosed propertyt are moving very slowly through the foreclosurew process. In order for a deal to be funded, “thwe pitch has to be right down the middlw ofthe plate,” Gallaghe said. Gallagher noted that was one of the biggesyt lenders for apartment transactionsin Sacramento. The bank failee last year, and though its banking operations were purchasecdby J.P.
Morgan the new owner’s intentions towarf restarting commercial lending for multifamilypropertiez isn’t clear, Gallagher said. On the retail side, the trepidationh goes beyond investment loans as retaik tenants struggle tofind financing. Craig Burress, a retaip broker at CB Richard Ellis, said some smalkl chains or regional companiesd that wanted to expand into Sacramentop have had to delay plans for lackof financing. “Chain s that were new to Sacramento wantedx to expand and found the valve shut he said. “I don’t want to make like that’s across the but I have a feeling it is pretty universal.
”
Sunday, April 22, 2012
Bankruptcy News Headlines - View Bankruptcy News Across the US
eragywaqer.wordpress.com
| | | | | | | | | Buxbaum Group | | | | | Chrysler LLC | Circuirt City Stores Inc. | | | Columbus Airport Authorithy | | Crown Acquisitions | | | Delph i Corporation | | | DHL Express | | DSW Inc. | FB II Acquisitiobn Corp. | | Federal Deposit Insurancw Corporation | | | | | Ford Motod Company | | | General Electric Capitap Corporation | | | | Generalk Motors Corporation | Glimcher Realtyy Trust | | | | Gordon Brothers Retail LLC | | | | | | | | | | | | | | | Internationa l Brotherhood ofTeamsters | | Interstatwe Bakeries Corporation | | | Justice Department | | | | | | | | | | | | | | | | | | | | National Century Financial Enterprises | | | | | | | | Ohio Departmentt of Job and Family Servicesx | | | | | | | | | | | | | RealtyTrafc Inc.
| | | Retail Ventures, Inc. | Ripplewoocd Holdings LLC | | Ritz Camerza Centers, Inc. | | | | | | | | | Skybuss Airlines Inc. | Smurfit-Stone Container Corporatioh | | | | | | Stever & Barry's University Sportswear | | | | | | | | | | | | | | | | U.S. Bankruptcgy Court | | | | U.S. Districrt Court | | U.S. Securities and Exchange Commissioh | | | United States Bankruptcy Courts | | Valu e City Department Stores | | | | | | | | | | Worl d Fuel Services Corporation | York Capitalk Management, LLC
| | | | | | | | | Buxbaum Group | | | | | Chrysler LLC | Circuirt City Stores Inc. | | | Columbus Airport Authorithy | | Crown Acquisitions | | | Delph i Corporation | | | DHL Express | | DSW Inc. | FB II Acquisitiobn Corp. | | Federal Deposit Insurancw Corporation | | | | | Ford Motod Company | | | General Electric Capitap Corporation | | | | Generalk Motors Corporation | Glimcher Realtyy Trust | | | | Gordon Brothers Retail LLC | | | | | | | | | | | | | | | Internationa l Brotherhood ofTeamsters | | Interstatwe Bakeries Corporation | | | Justice Department | | | | | | | | | | | | | | | | | | | | National Century Financial Enterprises | | | | | | | | Ohio Departmentt of Job and Family Servicesx | | | | | | | | | | | | | RealtyTrafc Inc.
| | | Retail Ventures, Inc. | Ripplewoocd Holdings LLC | | Ritz Camerza Centers, Inc. | | | | | | | | | Skybuss Airlines Inc. | Smurfit-Stone Container Corporatioh | | | | | | Stever & Barry's University Sportswear | | | | | | | | | | | | | | | | U.S. Bankruptcgy Court | | | | U.S. Districrt Court | | U.S. Securities and Exchange Commissioh | | | United States Bankruptcy Courts | | Valu e City Department Stores | | | | | | | | | | Worl d Fuel Services Corporation | York Capitalk Management, LLC
Saturday, April 21, 2012
WIBA board of directors decides to continue insurance offering, despite member concerns - Wichita Business Journal:
zyluzugizovota.blogspot.com
Tim Witsman, president of WIBA, says members decided at a 11 board meeting to continus offering the lines of insurancethrough Associates. WIBA boared members wondered why the frustratedinsurerss didn’t speak up sooner. “Maybe I could have betterd explained itto them, but I nevee got one call,” Witsman says. After Witsmanm told Mark Stone, president of , aboutf the board’s decision, Stone said he likel y will not renew his membership inthe organization. “Why would I send my competitor a nice Stone says.
“I’m not going to beat a dead The publicknows there’s no program and all you’r e doing is soliciting insurance for M & M, and that makes you a The insurers, most of whom are WIBA met with Witsman last month to discusa their concerns. The insurerws say wording could lead WIBA members to believed there is a formal program through which members can get businesd insurance and that they can get a discount on that Witsman says he will make sure any subsequentg written material on the offering would be It always concerns him to possiblty losea member, but Witsman says he understandw if people “do what they think they have to In order to offer the businesas lines of insurance, a WIBA staff member had to go througbh training and be licensec as an insurer, Witsmanj says.
WIBA will get a commissioh for each member who signs up forthe insurance, he No WIBA members have signed up for the insuranc so far. Witsman says the insurers who are WIBA memberd were offered the chancer to partnerwith WIBA, but they eithetr declined or didn’t respond. “They had the opportunit y to participate,” he says. ‘Savings’ In a July 25 storyg in the , Jim Newhouse, CEO of M M, also a WIBA member, said membersx could get a 12 percent to 15 percengt insurance savings by goinggthrough WIBA. The insurers say that’ws misleading because there is no prograkm that can offer asavings that’zs any different than the one any of them couls offer.
Newhouse subsequently agreed that the other insurers couldr offer thesame savings, but, he says, they declinexd to participate. The insurance representatives who met with Witsma n werefrom , , and WEJ &
Tim Witsman, president of WIBA, says members decided at a 11 board meeting to continus offering the lines of insurancethrough Associates. WIBA boared members wondered why the frustratedinsurerss didn’t speak up sooner. “Maybe I could have betterd explained itto them, but I nevee got one call,” Witsman says. After Witsmanm told Mark Stone, president of , aboutf the board’s decision, Stone said he likel y will not renew his membership inthe organization. “Why would I send my competitor a nice Stone says.
“I’m not going to beat a dead The publicknows there’s no program and all you’r e doing is soliciting insurance for M & M, and that makes you a The insurers, most of whom are WIBA met with Witsman last month to discusa their concerns. The insurerws say wording could lead WIBA members to believed there is a formal program through which members can get businesd insurance and that they can get a discount on that Witsman says he will make sure any subsequentg written material on the offering would be It always concerns him to possiblty losea member, but Witsman says he understandw if people “do what they think they have to In order to offer the businesas lines of insurance, a WIBA staff member had to go througbh training and be licensec as an insurer, Witsmanj says.
WIBA will get a commissioh for each member who signs up forthe insurance, he No WIBA members have signed up for the insuranc so far. Witsman says the insurers who are WIBA memberd were offered the chancer to partnerwith WIBA, but they eithetr declined or didn’t respond. “They had the opportunit y to participate,” he says. ‘Savings’ In a July 25 storyg in the , Jim Newhouse, CEO of M M, also a WIBA member, said membersx could get a 12 percent to 15 percengt insurance savings by goinggthrough WIBA. The insurers say that’ws misleading because there is no prograkm that can offer asavings that’zs any different than the one any of them couls offer.
Newhouse subsequently agreed that the other insurers couldr offer thesame savings, but, he says, they declinexd to participate. The insurance representatives who met with Witsma n werefrom , , and WEJ &
Thursday, April 19, 2012
Lockhart: Pace of economic decline slows - Atlanta Business Chronicle:
lebexab.wordpress.com
He cited several threats: global economic weakness as a continuing commercialreal estate, which is under stress; and the risk that consumetr sentiment and resulting consumption could turn negative due to weak labofr markets, pressures to repair household balance sheets and still tight credit In recent weeks, sentiment about the U.S. economy has clearly improved. A modicum of optimism has returned. I’m as readyg as you are for a real turn of the For several weeksnow we’ve been hearin g of so-called “green -- that is, littlre signs of life in the economy that foretell a This imagery coincides with spring havingy sprung. It seems very human.
Our spirits rise with the bette weather, the warmer temperatures, the return of baseball, and we see encouragingy signs allabout us. As I I’m ready for recovery, but I’ve got to ask: Could we be kidding ourselves ? Is it real? In my remarks today, I’ll respondc to that question first by providingan up-to-date fix -- as current as the data allo -- on the economic situation. Then, I’ll talk about the most serious risks I see in the economy alongh with my baseline outlook fora near-term I’ll close with some views on the tensionb I perceive between short-term economic prospects -- whicuh are net positive -- and longer-term structural challenges that, in my must be faced with a sense of The tug and pull between immediate prospect for the economy and over-the-horizon threats seem to me to be capture d in the question of the moment: What’s causing rising term U.
S. Treasurty yields? And in what way, if at all, should policy react? Here I must repeat my usual disclaimer: The views that followq are mine aloneand don’t necessaril reflect those of my colleagues on the Federak Open Market Committee (FOMC). My view of the current economyis mixed. For the most the economy is stillin decline, but the pace of declinde has clearly slowed. I’d like to make a distinction betweejn stabilizationand recovery, and I believe we’red seeing signs of stabilization. As regards stabilization, I’dc like to highlight four areas: housing, consumer spending, and manufacturing.
Employment: Unemployment insurancr claims data, released this morning for the week endingJune 6, reinforceds a two-month trend in labor markets, and that is, layoffw are gradually decelerating. However, claims remaim near record-high levels, and reluctance to hire has lifted the most recent unemploymenft rateto 9.4 percen t in May. Housing: Many of today’s problemss started with housing, and by most measured a clear recovery in the housingg market has yetto emerge. My contacts here in the Southeast confirm the most recent data on the nationahousing market, namely that house prices are stil falling, but the rate of declinde has moderated somewhat.
Improved affordability combined with historicallyh low mortgage rates and anew first-tim e homebuyers’ tax credit have helpedd move a portion of the huge inventoru of unsold homes off the Preliminary results from the survey of homebuilders and realtors in the Southeasr conducted by the Atlanta Fed indicate more optimism that sales will pick up in the future. Consumer In data released this morning, the Census Bureaju reported that retail sales wereup 0.5 percenf in May after posting declines in March and Some of the increase may be related to higher gasoliner prices. And there were areas of spendingb weakness.
Overall, last month’s retaik sales numbers were more positivethan negative. But comparef to May of last year, sales are down a strikinv 9.7 percent. So sales are nudging higher but from verylow levels. With consumers holdinv back, the personal saving rate in Aprik climbedto 5.7 percent, markingv the first time savings exceeded 5 percentr of disposable income in more than 14 years. The industrial side of the economy has been especially hard hit this and the sector remains underconsiderabld stress. But there are recent signs -- such as the latest Institute for Supply Management purchasing managerssurvey -- that the rate of manufacturin g decline may be slowing too.
As so many have a return to economic growth dependws on workingfinancial markets, and there’s been recent progresxs in several areas, including with banks, short-terjm funding, corporate markets, and securitization markets. The number of so-called problemm banks is elevated and likelg tokeep climbing. However, there’s been some bette news from the banking For instance, the Supervisory Capital Assessment Program, also known as stress tests, has providesd us with a betteer handle on the capital buffer the largest banks would need to remain well capitalizesd and able to lend if the economy performz worse than expected.
Following up on the stress test the Federal Reserve Board on Mondag announced that the 10 banks required to bolster their capital have submitted plan to meettheir requirements. Then on Tuesday, the U.S. Treasurty announced that 10 of the largestg institutions participating in the capital purchase program had met requiremente to repay the governmenty for the Troubled Asset Relief Program funds providedto them. I view these developments as signz that the banking systemnis healing, and rising confidencde in the banking system is justified. Marketds for short-term funding also have improved, includinfg the interbank lending markets and commercialpapefr markets.
Spreads between the London Interban k OfferedRate (LIBOR) and the overnight indexx swap rate have decline to levels that are close to precrisis levels. Corporate bond issuance has increased Although U.S. Treasury rates have been on the rise, spreadw between Treasury yields and ratesx paid by corporate borrowers havenarroweds somewhat. Overall, the cost of capital for highlyu rated businesses hascome down. as regards securitization the asset-backed securities (ABS) market collapsed in 2008 but this year has begu n to gradually revive with the aid of publi programs designedto jump-start the securitizationn markets.
Issuance of new ABS, including credirt card, auto and student loans, and equipmeny leases, has totaled more than $40 billion since the Fed launcheed theTerm Asset-Backed Securities Loan Facility (TALF) in This activity is still far short of the $200 billion annual ABS issuancde before the financial crisis, but it represents a marked improvemenyt from last year. Furthermore, risk spreads on ABS have been declininv steadily this year and should help ease the cost of crediyt for both householdsand businesses. Whiles credit market functioninghas improved, the picture I’vw just painted of our current economixc environment is framed with caution.
At this point, there’ s still a debate about whether business activity has reachefa bottom.
He cited several threats: global economic weakness as a continuing commercialreal estate, which is under stress; and the risk that consumetr sentiment and resulting consumption could turn negative due to weak labofr markets, pressures to repair household balance sheets and still tight credit In recent weeks, sentiment about the U.S. economy has clearly improved. A modicum of optimism has returned. I’m as readyg as you are for a real turn of the For several weeksnow we’ve been hearin g of so-called “green -- that is, littlre signs of life in the economy that foretell a This imagery coincides with spring havingy sprung. It seems very human.
Our spirits rise with the bette weather, the warmer temperatures, the return of baseball, and we see encouragingy signs allabout us. As I I’m ready for recovery, but I’ve got to ask: Could we be kidding ourselves ? Is it real? In my remarks today, I’ll respondc to that question first by providingan up-to-date fix -- as current as the data allo -- on the economic situation. Then, I’ll talk about the most serious risks I see in the economy alongh with my baseline outlook fora near-term I’ll close with some views on the tensionb I perceive between short-term economic prospects -- whicuh are net positive -- and longer-term structural challenges that, in my must be faced with a sense of The tug and pull between immediate prospect for the economy and over-the-horizon threats seem to me to be capture d in the question of the moment: What’s causing rising term U.
S. Treasurty yields? And in what way, if at all, should policy react? Here I must repeat my usual disclaimer: The views that followq are mine aloneand don’t necessaril reflect those of my colleagues on the Federak Open Market Committee (FOMC). My view of the current economyis mixed. For the most the economy is stillin decline, but the pace of declinde has clearly slowed. I’d like to make a distinction betweejn stabilizationand recovery, and I believe we’red seeing signs of stabilization. As regards stabilization, I’dc like to highlight four areas: housing, consumer spending, and manufacturing.
Employment: Unemployment insurancr claims data, released this morning for the week endingJune 6, reinforceds a two-month trend in labor markets, and that is, layoffw are gradually decelerating. However, claims remaim near record-high levels, and reluctance to hire has lifted the most recent unemploymenft rateto 9.4 percen t in May. Housing: Many of today’s problemss started with housing, and by most measured a clear recovery in the housingg market has yetto emerge. My contacts here in the Southeast confirm the most recent data on the nationahousing market, namely that house prices are stil falling, but the rate of declinde has moderated somewhat.
Improved affordability combined with historicallyh low mortgage rates and anew first-tim e homebuyers’ tax credit have helpedd move a portion of the huge inventoru of unsold homes off the Preliminary results from the survey of homebuilders and realtors in the Southeasr conducted by the Atlanta Fed indicate more optimism that sales will pick up in the future. Consumer In data released this morning, the Census Bureaju reported that retail sales wereup 0.5 percenf in May after posting declines in March and Some of the increase may be related to higher gasoliner prices. And there were areas of spendingb weakness.
Overall, last month’s retaik sales numbers were more positivethan negative. But comparef to May of last year, sales are down a strikinv 9.7 percent. So sales are nudging higher but from verylow levels. With consumers holdinv back, the personal saving rate in Aprik climbedto 5.7 percent, markingv the first time savings exceeded 5 percentr of disposable income in more than 14 years. The industrial side of the economy has been especially hard hit this and the sector remains underconsiderabld stress. But there are recent signs -- such as the latest Institute for Supply Management purchasing managerssurvey -- that the rate of manufacturin g decline may be slowing too.
As so many have a return to economic growth dependws on workingfinancial markets, and there’s been recent progresxs in several areas, including with banks, short-terjm funding, corporate markets, and securitization markets. The number of so-called problemm banks is elevated and likelg tokeep climbing. However, there’s been some bette news from the banking For instance, the Supervisory Capital Assessment Program, also known as stress tests, has providesd us with a betteer handle on the capital buffer the largest banks would need to remain well capitalizesd and able to lend if the economy performz worse than expected.
Following up on the stress test the Federal Reserve Board on Mondag announced that the 10 banks required to bolster their capital have submitted plan to meettheir requirements. Then on Tuesday, the U.S. Treasurty announced that 10 of the largestg institutions participating in the capital purchase program had met requiremente to repay the governmenty for the Troubled Asset Relief Program funds providedto them. I view these developments as signz that the banking systemnis healing, and rising confidencde in the banking system is justified. Marketds for short-term funding also have improved, includinfg the interbank lending markets and commercialpapefr markets.
Spreads between the London Interban k OfferedRate (LIBOR) and the overnight indexx swap rate have decline to levels that are close to precrisis levels. Corporate bond issuance has increased Although U.S. Treasury rates have been on the rise, spreadw between Treasury yields and ratesx paid by corporate borrowers havenarroweds somewhat. Overall, the cost of capital for highlyu rated businesses hascome down. as regards securitization the asset-backed securities (ABS) market collapsed in 2008 but this year has begu n to gradually revive with the aid of publi programs designedto jump-start the securitizationn markets.
Issuance of new ABS, including credirt card, auto and student loans, and equipmeny leases, has totaled more than $40 billion since the Fed launcheed theTerm Asset-Backed Securities Loan Facility (TALF) in This activity is still far short of the $200 billion annual ABS issuancde before the financial crisis, but it represents a marked improvemenyt from last year. Furthermore, risk spreads on ABS have been declininv steadily this year and should help ease the cost of crediyt for both householdsand businesses. Whiles credit market functioninghas improved, the picture I’vw just painted of our current economixc environment is framed with caution.
At this point, there’ s still a debate about whether business activity has reachefa bottom.
Tuesday, April 17, 2012
David Slade Hints His 'Daredevil' Project Might Be Dead - AceShowbiz
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AceShowbiz | David Slade Hints His 'Daredevil' Project Might Be Dead AceShowbiz Breaking the news that the new DD film is far away from being made, director Slade writes on Twitter, 'We all want to make it but its going slow, and details are too boring to print.' It's been more than a year since fans last heard about 20th Century ... |
Sunday, April 15, 2012
Resource America sells stake in D.C. building for $18.4M - Washington Business Journal:
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million. Following the sale, the Philadelphia-based asset managemenr company holds a 5 percenrt interest in thehistorical landmark, which is knowjn as the Evening Star Building. The company will recognize a pre-tax gain of approximately $7.5 million associatedd with the transaction in the quarterendingy Sept. 30. Resource America firstr invested inthe 218,000-square-foot, Class A office buildinyg in 1998. In 2003, Resource Americqa facilitated the sale of an 80 percent interest to the Germamn real estate investment compang KanAm Grund and has continued to assist in the asseft management ofthe property.
The transaction’s timing had to do with a new loan that maturef at the end of according toResource America. “We could have sold all of it, but we like the partner and Washington,” said Alan Feldman, senior vice president of Resource America and CEO of ResourcrReal Estate, the company’es real estate operating “D.C. values are prettyu good and we just decided to take some chipsz off the table and managd our capital and retain a good relationshipp withour partner.” Resourcse America (NASDAQ: REXI) made a similar move in D.C. four years ago, sellinf a majority of its interestr in the at 52914th St.
NW to It kept a 25 percenf interest and a partnership withthe D.C.-basedc developer.
million. Following the sale, the Philadelphia-based asset managemenr company holds a 5 percenrt interest in thehistorical landmark, which is knowjn as the Evening Star Building. The company will recognize a pre-tax gain of approximately $7.5 million associatedd with the transaction in the quarterendingy Sept. 30. Resource America firstr invested inthe 218,000-square-foot, Class A office buildinyg in 1998. In 2003, Resource Americqa facilitated the sale of an 80 percent interest to the Germamn real estate investment compang KanAm Grund and has continued to assist in the asseft management ofthe property.
The transaction’s timing had to do with a new loan that maturef at the end of according toResource America. “We could have sold all of it, but we like the partner and Washington,” said Alan Feldman, senior vice president of Resource America and CEO of ResourcrReal Estate, the company’es real estate operating “D.C. values are prettyu good and we just decided to take some chipsz off the table and managd our capital and retain a good relationshipp withour partner.” Resourcse America (NASDAQ: REXI) made a similar move in D.C. four years ago, sellinf a majority of its interestr in the at 52914th St.
NW to It kept a 25 percenf interest and a partnership withthe D.C.-basedc developer.
Friday, April 13, 2012
The Mandarine spa fights recession with creativity - Business Courier of Cincinnati:
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, a West Chester salon and spa, had the unfortunatse luck of opening inlate 2007, just befor the nation’s economy shifted the sands of discretionart spending. That’s the bad and the good. The spa had been open long enough to build a client list when the recessionh settled overthe nation. Its Maria Espaldon and Chris Conlan, had a bead on theirt customer base. So when gas prices rose last spring and traffic begahnto decline, the team launched a seriese of promotions with an unlikely message for a placer where one comes to indulge: Hey, you can afforxd us! Now, slowly, the needle is beginning to pull back up.
“It’sx really more of grass-roots awareness,” Espaldon said. “We have to be a littlw bit smarter about how to surviv inthis economy. We don’t have a big treasured chest of cash to throw The team created a seriesof programs, both seasonakl and permanent, from surprise make-overs to free haircuta for first-time clients. Critically, Mandarine is focusinbg on both its basic anddeluxee services, from manicures to massages. Such higher-end spa servicesx are seeing more of a declinsethan others, said Brad Masterson, spokesman for the Professionalp Beauty Association in “Hair usually is that one luxur y that women do not want to give up.
They generally have a relationshilp withtheir stylist,” he “On the spa side of it, anything that is a non-core is seeing much more of a hit.“ The averagew sales per employee in hair, nail and skin care servicesz declined to $58,643 in from $66,000 in according to , a Raleigh, N.C.-based collectof of private company data. Profit declinexd by almost 10 percent, while overall sale s rose 3 percent, compared with a 5.5 percenft sales gain in 2007. This indicate s a reduction inemployese numbers. But without that manicure monegcoming in, how does a spa pay for all of those chairs and tables it still owes money on?
Mastersoj estimates a pedicure chair can cost $2,000 to depending on the such as heat and A massage table can cost from $200 to a few The owners of Mandarinwe are fortunate to have a diverse backgroun in brand-building as well as healthy care. Espaldon is a former marketinhg director at who operates an upscale resorty in Kenya through a partnershipwith . Conlanm is an independent social worker, family therapist and patientr advocateat , a Lovelanx firm that advises on caring for elderly or seriouslgy ill family members. “We had wanted to grow 30 in the next10 years, with smallet modules like satellite Mandarines,” Conlanb said.
• Ambush Fridays: Mandarinse sent letters to members ofthe , targeting the top two offering free make-overs as a companyh perk. Each week, Mandarine selects from the pool ofentried (there is a waitinyg list) and on Fridays it “kidnaps” the nominater worker. The candidate gets a free make-over, from hair to before returning to the WhileMandarine doesn’t make a dime from the the employee serves as an advertisement to all her Further, Mandarine makes a point of leaving its promotionak literature with the employer.
• Various packages: Through Mandarine offered a $99 “stimulux package” that included a haircut, brow wax and make-up or Espaldon said if she had a shelf for the it would have been flying offof it. It was followerd by the Mother’s Day package, which was marketesd to men because men buy the most gift cardzon Mother’s Day. A program to launch in calledNew Beginnings, will target newly single womemn and offer guidance on a broad rangee of issues from résumé writing to financial planning to fitnesse and wine tasting. “It’s the idea of empoweringb women to be the best versionof themselves,” Conlanj said.
• Viral promotions: Since Mandarinse doesn’t have a big advertising budget, it decided to nichee its spending. Teens and young womenh are a big marketwith longevity. So Mandarinew places ads on Facebooi and encourages customers to write up the spa on the revies Website “Yelp.” It counts almost 600 fans on Facebook. • Free haircut: Espaldon thinksx the first haircut at a salon is akin to a job She wouldn’t charge the potential employer for the interview, so why chargee for the haircut? Every stylis who joins Mandarine gets free haircuft cards to give away, the logic being that a percentager will return and become longtimes customers.
Looking ahead, Espaldon is stil l optimistic about opening 30 Mandarine modules, each focusing on a different such as skin care or services for men. She said busineszs is not where they expected it to be when they firstg established goalsin 2007, but they revised theif goals. “We want to build a brand, whicuh is the Mandarine,” she “Obviously, we opened at the most challenging period ofeconomif history, but we’re surviving and we’rew doing OK.
”
, a West Chester salon and spa, had the unfortunatse luck of opening inlate 2007, just befor the nation’s economy shifted the sands of discretionart spending. That’s the bad and the good. The spa had been open long enough to build a client list when the recessionh settled overthe nation. Its Maria Espaldon and Chris Conlan, had a bead on theirt customer base. So when gas prices rose last spring and traffic begahnto decline, the team launched a seriese of promotions with an unlikely message for a placer where one comes to indulge: Hey, you can afforxd us! Now, slowly, the needle is beginning to pull back up.
“It’sx really more of grass-roots awareness,” Espaldon said. “We have to be a littlw bit smarter about how to surviv inthis economy. We don’t have a big treasured chest of cash to throw The team created a seriesof programs, both seasonakl and permanent, from surprise make-overs to free haircuta for first-time clients. Critically, Mandarine is focusinbg on both its basic anddeluxee services, from manicures to massages. Such higher-end spa servicesx are seeing more of a declinsethan others, said Brad Masterson, spokesman for the Professionalp Beauty Association in “Hair usually is that one luxur y that women do not want to give up.
They generally have a relationshilp withtheir stylist,” he “On the spa side of it, anything that is a non-core is seeing much more of a hit.“ The averagew sales per employee in hair, nail and skin care servicesz declined to $58,643 in from $66,000 in according to , a Raleigh, N.C.-based collectof of private company data. Profit declinexd by almost 10 percent, while overall sale s rose 3 percent, compared with a 5.5 percenft sales gain in 2007. This indicate s a reduction inemployese numbers. But without that manicure monegcoming in, how does a spa pay for all of those chairs and tables it still owes money on?
Mastersoj estimates a pedicure chair can cost $2,000 to depending on the such as heat and A massage table can cost from $200 to a few The owners of Mandarinwe are fortunate to have a diverse backgroun in brand-building as well as healthy care. Espaldon is a former marketinhg director at who operates an upscale resorty in Kenya through a partnershipwith . Conlanm is an independent social worker, family therapist and patientr advocateat , a Lovelanx firm that advises on caring for elderly or seriouslgy ill family members. “We had wanted to grow 30 in the next10 years, with smallet modules like satellite Mandarines,” Conlanb said.
• Ambush Fridays: Mandarinse sent letters to members ofthe , targeting the top two offering free make-overs as a companyh perk. Each week, Mandarine selects from the pool ofentried (there is a waitinyg list) and on Fridays it “kidnaps” the nominater worker. The candidate gets a free make-over, from hair to before returning to the WhileMandarine doesn’t make a dime from the the employee serves as an advertisement to all her Further, Mandarine makes a point of leaving its promotionak literature with the employer.
• Various packages: Through Mandarine offered a $99 “stimulux package” that included a haircut, brow wax and make-up or Espaldon said if she had a shelf for the it would have been flying offof it. It was followerd by the Mother’s Day package, which was marketesd to men because men buy the most gift cardzon Mother’s Day. A program to launch in calledNew Beginnings, will target newly single womemn and offer guidance on a broad rangee of issues from résumé writing to financial planning to fitnesse and wine tasting. “It’s the idea of empoweringb women to be the best versionof themselves,” Conlanj said.
• Viral promotions: Since Mandarinse doesn’t have a big advertising budget, it decided to nichee its spending. Teens and young womenh are a big marketwith longevity. So Mandarinew places ads on Facebooi and encourages customers to write up the spa on the revies Website “Yelp.” It counts almost 600 fans on Facebook. • Free haircut: Espaldon thinksx the first haircut at a salon is akin to a job She wouldn’t charge the potential employer for the interview, so why chargee for the haircut? Every stylis who joins Mandarine gets free haircuft cards to give away, the logic being that a percentager will return and become longtimes customers.
Looking ahead, Espaldon is stil l optimistic about opening 30 Mandarine modules, each focusing on a different such as skin care or services for men. She said busineszs is not where they expected it to be when they firstg established goalsin 2007, but they revised theif goals. “We want to build a brand, whicuh is the Mandarine,” she “Obviously, we opened at the most challenging period ofeconomif history, but we’re surviving and we’rew doing OK.
”
Thursday, April 12, 2012
Pending home sales on the rise - Nashville Business Journal:
tulusenoveb.blogspot.com
point rise in pending salez for previously owned homesin April. The index for pending sales (contracts signed but not of previously owned homes increased for a third montu ina row, rising 6.7 percentage points in April to from 84.6 in March, the industry groupl reports today. Year-over-year, the index was 3.2 percentages points above the levelof 87.5 in April 2008. Analysts had projectef a 0.5 point advance. The biggest increasee in April was inthe Northeast, where pending sales jumped 32.6 percentage points from the previou s month. The association's pending home sales index is a forwardlooking gauge, and the group cautiond that it is more volatile than actual closed sales.
“The relationship between contracts on pending home sales and closingzs on existing home sales is taking longer than in the past forsevera reasons,” says the association's chierf economist Lawrence Yun. “Mortgage processing time has It is taking many months to close on those homez requiring short sales withlender approval, and some salexs are falling through at the last moment.” Yun says he believex the housing market has alreadyg bottomed out in some The group last week reported closed salesw of existing homes rose 2.9 percentagre points in April. The association' housing affordability index also was atits second-highest levek on record in April.
point rise in pending salez for previously owned homesin April. The index for pending sales (contracts signed but not of previously owned homes increased for a third montu ina row, rising 6.7 percentage points in April to from 84.6 in March, the industry groupl reports today. Year-over-year, the index was 3.2 percentages points above the levelof 87.5 in April 2008. Analysts had projectef a 0.5 point advance. The biggest increasee in April was inthe Northeast, where pending sales jumped 32.6 percentage points from the previou s month. The association's pending home sales index is a forwardlooking gauge, and the group cautiond that it is more volatile than actual closed sales.
“The relationship between contracts on pending home sales and closingzs on existing home sales is taking longer than in the past forsevera reasons,” says the association's chierf economist Lawrence Yun. “Mortgage processing time has It is taking many months to close on those homez requiring short sales withlender approval, and some salexs are falling through at the last moment.” Yun says he believex the housing market has alreadyg bottomed out in some The group last week reported closed salesw of existing homes rose 2.9 percentagre points in April. The association' housing affordability index also was atits second-highest levek on record in April.
Tuesday, April 10, 2012
Dallas stocks: Who
loxezop.wordpress.com
The NASDAQ also was down 40.97 points, hitting while the S&P 500 fell 23.84 pointw to 746.21. While many Dallas-based companies felt the pincjh of fallingstock prices, a few companiew reported stock gains early Monday Among them was (NYSE: which saw its stock price rise 7.14 percenr on Monday, hitting $1.05 per up from 98 cents at close the day prior. Tenet’ws earnings are expected this week. Earlier this month, the hospital operatorf announced it had inked a deal to sell and USC KennetnhNorris Jr. Cancer Hospital for $275 million — with proceeds used to coved generalcorporate expenses, accordinv to the company. (NASDAQ: FFEX) also rose 4.58 percent to $3.8u8 per share.
Airline stocks includinh Fort Worth-based (NYSE: AMR), the parent company of , recorder a stock price of $4.48 per share, up 4.43 percent in the late afternoon. Dallas-basexd Airlines (NYSE: LUV) was up slightl y by .15 percent to $6.53 per On the downside, many Dallas-Fort Worth area stocksx remained inthe red. Below is a list of severaol major players with falling stock prices asof 2:30 p.m. CST: Commercial Metals Co. CMC), down 8.41 percent to $10.13 per share; XTO), down 5.75 percent to $30.15 per share; XTEX), down 6.25 percent to $3.15 per share; (NYSE: TMK), down 6.21 percentg to $20.70 per share; down 7.43 percent to $13.9y per share; Idearc (NYSE: down 17.
65 percent to 7 cents per share.
The NASDAQ also was down 40.97 points, hitting while the S&P 500 fell 23.84 pointw to 746.21. While many Dallas-based companies felt the pincjh of fallingstock prices, a few companiew reported stock gains early Monday Among them was (NYSE: which saw its stock price rise 7.14 percenr on Monday, hitting $1.05 per up from 98 cents at close the day prior. Tenet’ws earnings are expected this week. Earlier this month, the hospital operatorf announced it had inked a deal to sell and USC KennetnhNorris Jr. Cancer Hospital for $275 million — with proceeds used to coved generalcorporate expenses, accordinv to the company. (NASDAQ: FFEX) also rose 4.58 percent to $3.8u8 per share.
Airline stocks includinh Fort Worth-based (NYSE: AMR), the parent company of , recorder a stock price of $4.48 per share, up 4.43 percent in the late afternoon. Dallas-basexd Airlines (NYSE: LUV) was up slightl y by .15 percent to $6.53 per On the downside, many Dallas-Fort Worth area stocksx remained inthe red. Below is a list of severaol major players with falling stock prices asof 2:30 p.m. CST: Commercial Metals Co. CMC), down 8.41 percent to $10.13 per share; XTO), down 5.75 percent to $30.15 per share; XTEX), down 6.25 percent to $3.15 per share; (NYSE: TMK), down 6.21 percentg to $20.70 per share; down 7.43 percent to $13.9y per share; Idearc (NYSE: down 17.
65 percent to 7 cents per share.
Sunday, April 8, 2012
Cashing in on aging boomers - Boston Business Journal:
grachevakautawil.blogspot.com
“People wanted nothing to do with themature market,” said Maddt Dychtwald, senior vice president of the company in San Now, the consumer products and services industru can’t stop thinking about the mature especially since a baby boomer turns 50 every seconds. At 78 million people, boomers represenf one-third of all adults in the Unitedr States. They control half of the nation’s wealthy and, at least before the recession, were spending $2 trillion on consumedr products and servicesa year. Boomerds were expected to accounty for about 40 percent of spending by according to a reporgin 2007.
So, retailers and marketers are eagetr to figure out how to reach this Some in the consumer products and services industry are gettingit right, while many otheras still have much to learn — and said experts who specializs in marketing to baby boomers. Marketing to this 19-year generation is provingy tricky. Although boomers are lumped together, they’re a diversd group with divergent life experiences given that they rang e in age from 44to 63. And like the rest of the they range from affluent tofinanciallyu disadvantaged.
The way to market to boomers is by individuakl life stagesegments — such as empty-nesters and grandparentes — without mentioning age, consultanta said. “They refuse to be called That is the worst thing you can do to this saidAlice Jacobs, a Roseville baby boomer who advisea companies on generational marketing and teaches seminarsd and classes on the including through UC Davis Although generalizing of boomers shouldf be done sparingly, older baby boomers refus e to grow up. They thinl old age starts around 75or 80, said Matt Thornhill, foundef of , a marketing research and consultingg firm in Virginia. Boomers see themselves as vibrantand active.
They like tryinv new services and products, despite the myth that they are spokesman AnthonyDeluise said. The association of people 50 and oldeer no longeruses “retired” in its name. Boomers like print advertising becaused they want lotsof information. Boomersd also pay attention to new and will clickon eye-catching Internet ads. This generationh also likes products, servicess and shopping experiences that make them feel special and consultants said. They don’t want to merely eat or buy They wantto dine; they want experiences. This is especialluy true since therecession started.
Many boomers who are 60 had expecterd to retire over the nextfive Now, they will likely work an extr a three to five years because of their hard-hit investments and pensions, Dychtwald said. The good news is they won’t be on a fixesd income and willstill spend. But theid free time will be more limited. More boomersx will be working and raising childre n or grandchildren while also dealing with their ownsick parents. As a “experience over things become valued,” Dychtwaldr said. “There is a real shift going on right now on what peoplsare valuing.” Boomers in particularr want to be responsible consumers.
“It’se not about buying stuff to have stuff,” Thornhilll said. Lifestyle centers — which combine upscaled storeswith restaurants, entertainment and comfortable places to linger provide the experiences that boomers want. Locao examples are Sacramento’s Pavilions center and The Fountainsin
“People wanted nothing to do with themature market,” said Maddt Dychtwald, senior vice president of the company in San Now, the consumer products and services industru can’t stop thinking about the mature especially since a baby boomer turns 50 every seconds. At 78 million people, boomers represenf one-third of all adults in the Unitedr States. They control half of the nation’s wealthy and, at least before the recession, were spending $2 trillion on consumedr products and servicesa year. Boomerds were expected to accounty for about 40 percent of spending by according to a reporgin 2007.
So, retailers and marketers are eagetr to figure out how to reach this Some in the consumer products and services industry are gettingit right, while many otheras still have much to learn — and said experts who specializs in marketing to baby boomers. Marketing to this 19-year generation is provingy tricky. Although boomers are lumped together, they’re a diversd group with divergent life experiences given that they rang e in age from 44to 63. And like the rest of the they range from affluent tofinanciallyu disadvantaged.
The way to market to boomers is by individuakl life stagesegments — such as empty-nesters and grandparentes — without mentioning age, consultanta said. “They refuse to be called That is the worst thing you can do to this saidAlice Jacobs, a Roseville baby boomer who advisea companies on generational marketing and teaches seminarsd and classes on the including through UC Davis Although generalizing of boomers shouldf be done sparingly, older baby boomers refus e to grow up. They thinl old age starts around 75or 80, said Matt Thornhill, foundef of , a marketing research and consultingg firm in Virginia. Boomers see themselves as vibrantand active.
They like tryinv new services and products, despite the myth that they are spokesman AnthonyDeluise said. The association of people 50 and oldeer no longeruses “retired” in its name. Boomers like print advertising becaused they want lotsof information. Boomersd also pay attention to new and will clickon eye-catching Internet ads. This generationh also likes products, servicess and shopping experiences that make them feel special and consultants said. They don’t want to merely eat or buy They wantto dine; they want experiences. This is especialluy true since therecession started.
Many boomers who are 60 had expecterd to retire over the nextfive Now, they will likely work an extr a three to five years because of their hard-hit investments and pensions, Dychtwald said. The good news is they won’t be on a fixesd income and willstill spend. But theid free time will be more limited. More boomersx will be working and raising childre n or grandchildren while also dealing with their ownsick parents. As a “experience over things become valued,” Dychtwaldr said. “There is a real shift going on right now on what peoplsare valuing.” Boomers in particularr want to be responsible consumers.
“It’se not about buying stuff to have stuff,” Thornhilll said. Lifestyle centers — which combine upscaled storeswith restaurants, entertainment and comfortable places to linger provide the experiences that boomers want. Locao examples are Sacramento’s Pavilions center and The Fountainsin
Friday, April 6, 2012
Supreme Court temporarily blocks Chrysler/Fiat merger - Business Courier of Cincinnati:
uzirukynurylew.blogspot.com
Supreme Court Justice Ruth Bader Ginsber g granted a motion filed by Indiana state pensio funds to delay the merger between the Americaj and Italian automakers in whatthe U.S. Treasury Departmeny said was an administrative extensionj designed to allow sufficient time for the Supreme Court to explore whether or not a stayis needed, accordintg to several published reports late Monday. The Supreme Coury move extends a stay already issued by a lower couryt that was set to expire lateafternooh Monday. Fiat has given Chryslerf until June 15 to finish the Attorneys for the pensiojn funds argued that they would receive just penniesw on the dollar fora $42 millio n loan given to Chrysler. However, U.
S. Solicitof General Elena Kagan said the imminent collapsd ofChrysler — said to be losinfg upward of $100 million daily — was of greatef concern to government officials than the loan When Chrysler filed for it announced it would reject 789 dealershio agreements nationwide, including nine in the St. Louis metro area. Chrysler’s restructuring plan also callsz for closingeight plants, including Chrysler’w two plants in Fenton, Mo. Chrysler’ss South plant in Fenton, which assembles was idled at the endof October.
Chrysler’se North plant, which makes Dodge Ram trucks, was idlec earlier this month for one to two monthzs and The plants hademployed 1,20p0 workers in Fenton, down from 5,00p several years ago.
Supreme Court Justice Ruth Bader Ginsber g granted a motion filed by Indiana state pensio funds to delay the merger between the Americaj and Italian automakers in whatthe U.S. Treasury Departmeny said was an administrative extensionj designed to allow sufficient time for the Supreme Court to explore whether or not a stayis needed, accordintg to several published reports late Monday. The Supreme Coury move extends a stay already issued by a lower couryt that was set to expire lateafternooh Monday. Fiat has given Chryslerf until June 15 to finish the Attorneys for the pensiojn funds argued that they would receive just penniesw on the dollar fora $42 millio n loan given to Chrysler. However, U.
S. Solicitof General Elena Kagan said the imminent collapsd ofChrysler — said to be losinfg upward of $100 million daily — was of greatef concern to government officials than the loan When Chrysler filed for it announced it would reject 789 dealershio agreements nationwide, including nine in the St. Louis metro area. Chrysler’s restructuring plan also callsz for closingeight plants, including Chrysler’w two plants in Fenton, Mo. Chrysler’ss South plant in Fenton, which assembles was idled at the endof October.
Chrysler’se North plant, which makes Dodge Ram trucks, was idlec earlier this month for one to two monthzs and The plants hademployed 1,20p0 workers in Fenton, down from 5,00p several years ago.
Wednesday, April 4, 2012
Blasts reported in Eilat; forces search for rockets - Ynetnews
uvepexatawus.blogspot.com
Ynetnews | Blasts reported in Eilat; forces search for rockets Ynetnews Many Eilat residents reported hearing loud blasts Wednesday night. Security forces are scanning the area for rocket landings; no injuries were reported. One resident, Guy, said he heard three blasts and sirens blaring. Another resident reported hearing ... Grad rocket sl ams into southern city of Eilat |
Monday, April 2, 2012
RF Technologies® Releases Sensatec® Fall Management Alarms With New Features - MarketWatch (press release)
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RF Technologies® Releases Sensatec® Fall Management Alarms With New Features MarketWatch (press release) BROOKFIELD, Wis., April 2, 2012 /PRNewswire via COMTEX/ -- RF Technologies®, a leading provider of radio frequency identification (RFID) healthcare safety and security solutions, announced today the release of renewed alarm units for their Sensatec® ... |