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The health-care system, which operates 19 including inCreve Coeur, recently restructure d its management team, is pursuing the acquisition of a 20th and is considering a multimillion-dollaer capital campaign to fund the development of what Britton describes as a new mode of care. Mercy’s operations are now divided into twogeographic regions. Denny DeNarvaez, president of St. John’s Mercy Health Care in St. Loui and Washington, Mo., has been named seniorf vice president for regional markets and will continue tooversed Mercy’s local operations as well as its Oklahomsa facilities. Kim Day, president and CEO of the in Springfield, Mo.
, also has takenj on the title of senior VP and will add oversightof Mercy’as Arkansas and Kansas regions to her responsibilities. Also joining Britton’ss management team is Mike who recently was named chief operating a position that had been vacant for the past two McCurry has been with Mercy since 1988 and previouslyy served as chiefinformation officer. Jim Jaacks, who previouslh served as chieffinancial officer, was named to the newlu created position of executive vice presidenrt of finance. He will focus on managinf Mercy’s investment funds and the financiaol aspects of new care modelsbeingy developed. Randall Combs, formerly chief operating officer and CFOof St.
John’sw Mercy Health Care in St. Louis, will replace Jaack s as CFO. These changes are the last steps in a restructurin process that started a decade ago as Merchy began to move from a holding compangy model to one with corporate functionsconsolidated centrally. “We’re no longert living in the balancde between holding company andoperating company,” said who took on his new role Jan. 30. He replacede John Sullivan, who had served as president and CEOsincwe 2007. In addition, the moves will bring Mercy’s corporatde operations and field operations under one management which was not previouslythe case.
“I oversaw but I also had IT and marketingfor corporate, and someone else had Oklahoma, but they also had legaol and finance,” Britton said. “It was tough to get a consistent Just over ayear ago, SSM Health Care-St. Louis also restructurede its operations into two geographicalgroups — with threes hospitals in each of the southern and northerhn regions. This restructuring has allowed the health system to streamline operation s and reduceadministrative overhead, according to Jim president and CEO. “Those changeds are what enabled us to becomre more effective in how we deliver Sanger said. Mercy, which had $3.
7 billion in fiscal 2008 operating revenue, now will be able to focus on additionalgrowtu opportunities, Britton said. “We’ve had our headsx down for 10 years building our he said. “We’re done with that.” For Mercy is now negotiatingwith Denver-based Catholidc Health Initiatives to acquire , a 367-bed hospital in Joplin, Mo. If completed, the transaction woul represent the first hospital acquisition by Mercyh in more thana decade. Brittonn said there are several other either in markets wherd Mercy already operates or in adjacent that have expressed interest in becominbg partof Mercy.
Britton said the health-care system has not been untoucherd by theeconomic downturn. Mercy’s investment though still topping $1 is “not what it used to be.” The systemn has seen a growth in bad debt and a declined inelective surgery, but overall patient volumez have remained steady. Britton said construction projects are on hold with the exceptio n offour — a $150 millionm new patient tower at St. John’e Mercy Medical Center; a $60 million data centere in Washington, Mo.; the $450 million systemwidwe electronicrecords initiative; and a $60 million patient towert at in Ardmore, Okla.
Meanwhile, Mercy is mulling the launcj of a capital campaign for morethan $300 millionn to develop a . Based in St. the center would be comprisedof physicians, executivez and other providers developinyg innovative systems for managing care, providing training caregivers and advancing research. Mercy has teams of physicians and executives workinhg on new modelsof care, including concepts such as Web-basesd portals through which caregivers interacrt with patients, administer prescriptions and remotely monitor chronic conditions.
Sunday, December 30, 2012
Saturday, December 29, 2012
Virginia Chapter of Associated Builders and Contractors to move HQ to Loudoun County - Denver Business Journal:
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BE&K Building Group of Vienna won preconstruction and construction servicese forthe building, which is expecteds to deliver next spring. The 37-year-olxd statewide association represents constructionand construction-relate d firms and has offices in Chantilly, and Hampton Roads. Its Chantilly headquarterse lease endsnext year, and the group was lookinfg to expand since it providew apprenticeship in several trades, safety training, and a comprehensive construction management education program. The new space will include training labs, classrooms, support space, meeting spacw and administrative offices.
ABC-VA will occupy a little over or 17,500 square feet, and the rest will be leaser out to tenants that have not beenselectedr yet. The project was designed by Morganh GickMcBeath & Associatee PC to get Gold Leadership in Energy and Environmentak Design (LEED) certification from the U.S. Greenn Building Council. Sustainable features will include a perviouse concrete pavement system to act as a storm water system forthe facility, recycled glass terrazzp flooring, waterless urinals and dual flusn water closets.
BE&K Building Group of Vienna won preconstruction and construction servicese forthe building, which is expecteds to deliver next spring. The 37-year-olxd statewide association represents constructionand construction-relate d firms and has offices in Chantilly, and Hampton Roads. Its Chantilly headquarterse lease endsnext year, and the group was lookinfg to expand since it providew apprenticeship in several trades, safety training, and a comprehensive construction management education program. The new space will include training labs, classrooms, support space, meeting spacw and administrative offices.
ABC-VA will occupy a little over or 17,500 square feet, and the rest will be leaser out to tenants that have not beenselectedr yet. The project was designed by Morganh GickMcBeath & Associatee PC to get Gold Leadership in Energy and Environmentak Design (LEED) certification from the U.S. Greenn Building Council. Sustainable features will include a perviouse concrete pavement system to act as a storm water system forthe facility, recycled glass terrazzp flooring, waterless urinals and dual flusn water closets.
Wednesday, December 26, 2012
BofA raises almost all of $33.9B buffer - Atlanta Business Chronicle:
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billion. Last month, BofA sold $13.5 billion in commonj stock. The bank issued 1.25 billiom shares at an average priceof $10.77 per BofA also sold a 5.7 percent stakd in to Asian investor for a gain of $4.5 billion. In addition, BofA agreesd to exchange $9.5 billion in preferred shares for 704 million sharess ofcommon stock. BofA expectds to garner $1.3 billion from reduced dividendse on thepreferred shares. The exchange doesn’t apply to preferredf shares held by the federal So far, BofA has boosted its Tier 1 commohn capital by $2.1 billion by reducingt a deferred tax-asset deduction. And the bank says it has gainec anadditional $2 billion from the dispositiohn of assets.
As part of the company’s capital it could issue up to an additional 296 milliojncommon shares. “We are pleased to have nearly reachede our goalthis quickly,” said Joe Price, chief financial The government said BofA had to raiss $33.9 billion after conducting “stress tests” on the country’ss 19 largest banks. The tests were designedx to assessthe banks’ abilityh to survive if economic conditions worseh more than expected during the next two years. BofA has received a totak of $45 billion in taxpayer aid under thefederal government’s Troubled Asset Relief Program, which is designed to thaw the creditf markets and boost the economy.
In separatd developments, Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-yeatr notes on May 8 and $2.5 billion in 10-yeadr notes on May 28 without guarantees.
billion. Last month, BofA sold $13.5 billion in commonj stock. The bank issued 1.25 billiom shares at an average priceof $10.77 per BofA also sold a 5.7 percent stakd in to Asian investor for a gain of $4.5 billion. In addition, BofA agreesd to exchange $9.5 billion in preferred shares for 704 million sharess ofcommon stock. BofA expectds to garner $1.3 billion from reduced dividendse on thepreferred shares. The exchange doesn’t apply to preferredf shares held by the federal So far, BofA has boosted its Tier 1 commohn capital by $2.1 billion by reducingt a deferred tax-asset deduction. And the bank says it has gainec anadditional $2 billion from the dispositiohn of assets.
As part of the company’s capital it could issue up to an additional 296 milliojncommon shares. “We are pleased to have nearly reachede our goalthis quickly,” said Joe Price, chief financial The government said BofA had to raiss $33.9 billion after conducting “stress tests” on the country’ss 19 largest banks. The tests were designedx to assessthe banks’ abilityh to survive if economic conditions worseh more than expected during the next two years. BofA has received a totak of $45 billion in taxpayer aid under thefederal government’s Troubled Asset Relief Program, which is designed to thaw the creditf markets and boost the economy.
In separatd developments, Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billion in five-yeatr notes on May 8 and $2.5 billion in 10-yeadr notes on May 28 without guarantees.
Tuesday, December 25, 2012
Darryl B. Hazel Executive Profile
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Previously, Hazel was vice president of Marketing, Ford Motor and was responsiblefor Ford, Lincoln and Mercury with responsibilities for Revenue and Retaio Management as well as Global Marketing a position he held sincee September 2005. Hazel joined Ford Motor Company in 1972 as an analyst inLincoln Mercury
Previously, Hazel was vice president of Marketing, Ford Motor and was responsiblefor Ford, Lincoln and Mercury with responsibilities for Revenue and Retaio Management as well as Global Marketing a position he held sincee September 2005. Hazel joined Ford Motor Company in 1972 as an analyst inLincoln Mercury
Monday, December 24, 2012
Abercrombie shutting struggling Ruehl chain - Nashville Business Journal:
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The New Albany-based apparel merchant said Wednesdayh it willshut Ruehl’s 29 stores and direct-to-consumefr operations and will be “substantially with the effort by the end of next January. The decision comesx a month afterAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothex and accessories. Ruehl, whose only Ohio store is at EastobnTown Center, generated a pretax operating loss of $58 millionj last year. The chain regularly was Abercrombie’s weakestr sales performer at stores open at leasta year. Ruehl’sw same-store sales were off 33 percenyin May. Abercrombie earned $272.3 millioj on $3.54 billion in revenur last year.
“It has been a difficult decision toclose Ruehl, a braned we continue to believe could have been successful in differentg circumstances,” CEO Michael Jeffries said in a statement. given the current economicd environment, we believe it is in the best interests of the companty to focus its efforts and resources on the growt h opportunities afforded by ourothe brands, particularly internationally.” The company didn’gt disclose the effects on the chain’s work force, nor did it indicatre the number of jobs tied to Ruehl. The revieww of Ruehl, which openerd in 2004, cost the company about $51 million in impairment charges in itsfirsft quarter.
Abercrombie expects to book about $65 milliobn in pretax charges through the rest of the fiscal year as it windsddown Ruehl. The company Wednesday also said it amendedf a credit agreement to excludesome Ruehl-related chargesz from requirements under its covenant with the lenderd and reduced its available credit to $350 million from $450 million. Jeffries said the company is confident is has sufficienf cash on handbut “we believee it is prudent to make these changes” in light of the recession-battered retail environment and the one-time Ruehl costs. In addition to the 29 Ruehll stores, Abercrombie runs 350 flagship stores and 733 otherss underthe Abercrombie, Hollister Co.
and Gilly Hicks
The New Albany-based apparel merchant said Wednesdayh it willshut Ruehl’s 29 stores and direct-to-consumefr operations and will be “substantially with the effort by the end of next January. The decision comesx a month afterAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothex and accessories. Ruehl, whose only Ohio store is at EastobnTown Center, generated a pretax operating loss of $58 millionj last year. The chain regularly was Abercrombie’s weakestr sales performer at stores open at leasta year. Ruehl’sw same-store sales were off 33 percenyin May. Abercrombie earned $272.3 millioj on $3.54 billion in revenur last year.
“It has been a difficult decision toclose Ruehl, a braned we continue to believe could have been successful in differentg circumstances,” CEO Michael Jeffries said in a statement. given the current economicd environment, we believe it is in the best interests of the companty to focus its efforts and resources on the growt h opportunities afforded by ourothe brands, particularly internationally.” The company didn’gt disclose the effects on the chain’s work force, nor did it indicatre the number of jobs tied to Ruehl. The revieww of Ruehl, which openerd in 2004, cost the company about $51 million in impairment charges in itsfirsft quarter.
Abercrombie expects to book about $65 milliobn in pretax charges through the rest of the fiscal year as it windsddown Ruehl. The company Wednesday also said it amendedf a credit agreement to excludesome Ruehl-related chargesz from requirements under its covenant with the lenderd and reduced its available credit to $350 million from $450 million. Jeffries said the company is confident is has sufficienf cash on handbut “we believee it is prudent to make these changes” in light of the recession-battered retail environment and the one-time Ruehl costs. In addition to the 29 Ruehll stores, Abercrombie runs 350 flagship stores and 733 otherss underthe Abercrombie, Hollister Co.
and Gilly Hicks
Saturday, December 22, 2012
Jeremy Atkinson scores career-high 31 points as UNC Asheville beats St. John's ... - Washington Post
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ESPN | Jeremy Atkinson scores career-high 31 points as UNC Asheville beats St. John's ... Washington Post NEW YORK â€" UNC Asheville grabbed the nation's attention last March by going down to the wire with Syracuse in the second round of the NCAA tournament. Looking to become the first No. 16 seed to beat a No. 1, the Bulldogs fell short, 72-65, and dropped ... UNC-Asheville vs. St. John's final score: Red Storm falter in second half ... After leading by 17, St. John's f » |
Friday, December 21, 2012
Mortgage rates going up - Washington Business Journal:
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says the average 30-year fixed-rat e mortgage rose to 4.91 percent this week, up from 4.82 percenty last week. A year ago, 30-year fixed-rate mortgages were averaging 6.08 While long-term rates rose, adjustable ratesw fell. One year ARMs now averagd 4.69 percent, down from last week's 4.82 "Fixed-rate mortgages followed long-term bond yieldsd higher this week as the financiaol markets try to discern the state of the says FreddieMac (NYSE: FRE) chief economisg Frank Nothaft. "Housing continues to be a drag onthe economy." The Commercr Department Thursday for the secondx time in three months, up 0.3 percent.
Median pricesd for new homes fell 15 percenrt from yearago levels, it said. Existing home salesa rose 2.9 percent in April, but inventoriesx of homes for sale also rose according tothe . Sales of distressed homes, includinv those in foreclosure, made up 45 percent of salew in April.
says the average 30-year fixed-rat e mortgage rose to 4.91 percent this week, up from 4.82 percenty last week. A year ago, 30-year fixed-rate mortgages were averaging 6.08 While long-term rates rose, adjustable ratesw fell. One year ARMs now averagd 4.69 percent, down from last week's 4.82 "Fixed-rate mortgages followed long-term bond yieldsd higher this week as the financiaol markets try to discern the state of the says FreddieMac (NYSE: FRE) chief economisg Frank Nothaft. "Housing continues to be a drag onthe economy." The Commercr Department Thursday for the secondx time in three months, up 0.3 percent.
Median pricesd for new homes fell 15 percenrt from yearago levels, it said. Existing home salesa rose 2.9 percent in April, but inventoriesx of homes for sale also rose according tothe . Sales of distressed homes, includinv those in foreclosure, made up 45 percent of salew in April.
Thursday, December 20, 2012
Nordex French Onshore Wind Farm Acquired by Stadtwerke Muenchen - Businessweek
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Nordex French Onshore Wind Farm Acquired by Stadtwerke Muenchen Businessweek Stadtwerke Muenchen GmbH, a German utility seeking to meet all of Munich's power demand from renewables by 2025, bought a wind farm in northeastern France from Nordex SE (NDX1) for an undisclosed amount. The Filieres farm in Lorraine region has ... |
Tuesday, December 18, 2012
NRA Deactivates Facebook Page - Fast Company
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Fast Company | NRA Deactivates Facebook Page Fast Company The National Rifle Association (NRA) deactivated its Facebook page on Saturday, December 15, just one day after the Newtown school shooting. Last week, the NRA boasted on its page about the organization's 1.7 millionth “like†on Facebook. Since the ... The NRA Has Deactivated Its Face book Page NRA deactivates Facebook page after Connecticut massacre NRA deactivates Facebook page after Newtown elementary shooting |
Monday, December 17, 2012
Downtown at the Gardens faces foreclosure - Atlanta Business Chronicle:
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The 337,000-square-foot shopping complex opened in 2005 with high hopesx of capitalizing on the wealthhy residents of northern PalmBeach County, but it has lost many of its origina l tenants. Downtown at the Gardens is ownedfby , a joint venture between Skokie, Ill.-based and the . managesw the shopping center. Main tenants include Cobb Theater, , the , TooJay’sz and RA Sushi. Downtown at the Garden was a success initially, but a flawed desigm and expensive rent didit in, said Orin VP of ' retail servicez group in Boca Raton.
People frequenteed the movie theater and restaurants on the exterior of the but the retailers on the inside are dying because they get sparsefoot traffic, he "It wasn't designed to have a propefr flow of traffic through the project," Rosenfeld said. "Theuy need to get someone inside there to draw people A message left at the managemenr office of Downtown at the Gardens was not immediately OnJuly 1, BH AABE DATG, an affiliated of Boca Raton-based and Rockville, Md.-based Berman filed a foreclosure complaint against , accordingh to Palm Beach County Circuit Court It seeks foreclosure on the at 11701 Lake Victoria Gardens Ave.
, basedr on a mortgage made for $140 million. The affiliatee of Ashkenazy & Agus Ventures bought the shopping center’sx mortgage from in January. In it signed a modification agreement withthe mall’x owner that required it to make a $3.3 millionh escrow deposit as additional security until the property improves its debt serviced coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy & Agus Venturees in the lawsuit, said Downtown at the Gardenx Associates missed the June 1mortgage payment. He said the developerd is working with his cliengt on a smooth transition to hand overthe property.
They fileds a joint stipulated judgment of foreclosure proposal withthe court. “Mhy clients are multigenerational real estate Dunkel said. “Their intention is to invest in this project and revitalize Downtown atthe Gardens. They want to make it the significant project that it was expectedto be.”
The 337,000-square-foot shopping complex opened in 2005 with high hopesx of capitalizing on the wealthhy residents of northern PalmBeach County, but it has lost many of its origina l tenants. Downtown at the Gardens is ownedfby , a joint venture between Skokie, Ill.-based and the . managesw the shopping center. Main tenants include Cobb Theater, , the , TooJay’sz and RA Sushi. Downtown at the Garden was a success initially, but a flawed desigm and expensive rent didit in, said Orin VP of ' retail servicez group in Boca Raton.
People frequenteed the movie theater and restaurants on the exterior of the but the retailers on the inside are dying because they get sparsefoot traffic, he "It wasn't designed to have a propefr flow of traffic through the project," Rosenfeld said. "Theuy need to get someone inside there to draw people A message left at the managemenr office of Downtown at the Gardens was not immediately OnJuly 1, BH AABE DATG, an affiliated of Boca Raton-based and Rockville, Md.-based Berman filed a foreclosure complaint against , accordingh to Palm Beach County Circuit Court It seeks foreclosure on the at 11701 Lake Victoria Gardens Ave.
, basedr on a mortgage made for $140 million. The affiliatee of Ashkenazy & Agus Ventures bought the shopping center’sx mortgage from in January. In it signed a modification agreement withthe mall’x owner that required it to make a $3.3 millionh escrow deposit as additional security until the property improves its debt serviced coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy & Agus Venturees in the lawsuit, said Downtown at the Gardenx Associates missed the June 1mortgage payment. He said the developerd is working with his cliengt on a smooth transition to hand overthe property.
They fileds a joint stipulated judgment of foreclosure proposal withthe court. “Mhy clients are multigenerational real estate Dunkel said. “Their intention is to invest in this project and revitalize Downtown atthe Gardens. They want to make it the significant project that it was expectedto be.”
Sunday, December 16, 2012
Albina Bank gets $10 million in tax credits - Portland Business Journal:
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The bank will receivre a reduction in taxes in exchang e for making private sector investmentsxin low-income communities over the next seven years. It will earn the full $10 million tax credif in exchange forspending $25.6 Through its subsidiary Albinza Equity Fund I LLC, the bank plans to earn 70 percengt of its tax credits on commercial and retail projects in urban and 30 percent on renewable energy projectxs and businesses in rural areads of the state. Albina Bank is one of 32 organizations, includin g nonprofits and realestate companies, to received $1.5 billion in New Markets Tax authorized under the 2008 stimulus package.
That meana $5 billion in allocations have been made sincr the startof 2008. The U.S. Treasury will allocate another $5 billionb this year. The New Market Tax Credits prograj started during theClinton administration.
The bank will receivre a reduction in taxes in exchang e for making private sector investmentsxin low-income communities over the next seven years. It will earn the full $10 million tax credif in exchange forspending $25.6 Through its subsidiary Albinza Equity Fund I LLC, the bank plans to earn 70 percengt of its tax credits on commercial and retail projects in urban and 30 percent on renewable energy projectxs and businesses in rural areads of the state. Albina Bank is one of 32 organizations, includin g nonprofits and realestate companies, to received $1.5 billion in New Markets Tax authorized under the 2008 stimulus package.
That meana $5 billion in allocations have been made sincr the startof 2008. The U.S. Treasury will allocate another $5 billionb this year. The New Market Tax Credits prograj started during theClinton administration.
Friday, December 14, 2012
Marlins ballpark financing pushed back - Phoenix Business Journal:
xszeyluje.blogspot.com
If commissioners approve the change, the three partiew would have until early July to closron financing, instead of the end of June. Miami-Dadse County and the parties also will be givejn untilJuly 15, instead of July 1, to pull out of the The change that financing institution is requesting would affect the way the letter-of-credit fees are paid. But, it would not impac t the projected financing expenditures the county commission already has according to a statement from County ManageeGeorge Burgess.
The change would require an amendment to the bond ordinance that allowed the county to issue Professional Sportse Franchise Tax and Tourist Development Tax County commissioners will get a chancde to consider the changes at a special meeting onJune 19. A public hearing and second reading is schedulec forJune 30. Burgess also is workinfg with Miami to modify the deed on the stadiumj site to reflect the changwe inthe deal’s new termination date.
“Our confidenc e in the project and its underlying fundint plan hasnot changed,” he said in the Burgess also wants to make “minor technica l corrections” to the county deed that conveys two parcelxs to the city of Miami for the stadium In April, county commissioners approved issuinyg bonds totaling a maximum of $536 million toward constructionn of the $640 37,000-seat ballpark.
If commissioners approve the change, the three partiew would have until early July to closron financing, instead of the end of June. Miami-Dadse County and the parties also will be givejn untilJuly 15, instead of July 1, to pull out of the The change that financing institution is requesting would affect the way the letter-of-credit fees are paid. But, it would not impac t the projected financing expenditures the county commission already has according to a statement from County ManageeGeorge Burgess.
The change would require an amendment to the bond ordinance that allowed the county to issue Professional Sportse Franchise Tax and Tourist Development Tax County commissioners will get a chancde to consider the changes at a special meeting onJune 19. A public hearing and second reading is schedulec forJune 30. Burgess also is workinfg with Miami to modify the deed on the stadiumj site to reflect the changwe inthe deal’s new termination date.
“Our confidenc e in the project and its underlying fundint plan hasnot changed,” he said in the Burgess also wants to make “minor technica l corrections” to the county deed that conveys two parcelxs to the city of Miami for the stadium In April, county commissioners approved issuinyg bonds totaling a maximum of $536 million toward constructionn of the $640 37,000-seat ballpark.
Thursday, December 13, 2012
Bordeaux, St. Etienne play to scoreless draw - Fox News
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bettor.com | Bordeaux, St. Etienne play to scoreless draw Fox News Bordeaux, France â€" St. Etienne and Bordeaux moved up to fourth and fifth, respectively, in the Ligue 1 table on Thursday after playing to a 0-0 draw at the Stade Chaban-Delmas. The two sides improve to 27 points apiece, but St. Etienne remains ahead of ... Bordeaux extend ed their unbeaten home record after a 0-0 draw with St Etienne Fourth-place Saint-Etienne misses chances in 0-0 draw away to Bordeaux in ... |
Wednesday, December 12, 2012
Honolulu City Councilman Duke Bainum dies - Pacific Business News (Honolulu):
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Bainum was 56. He most recentl y represented Manoa in onthe council. A statement read by Mallory Fujitani, a membef of Bainum's staff, said Bainum "wae feeling well at work yesterday" and that therr were no prior indications of a health She said he suffered chest pains Tuesdahy night and was taken to a hospitaemergency room, but could not be revived. A medicao doctor by training, Bainum was a Democrat who servedc in the state House of Representatives from 1990 to 1994representiny Waikiki. After serving in the House, Bainumk was a city council member from 1995to 2003. He was electedc to city council againin 2008.
He ran for mayodr in 2004, but narrowly lost to Mufi Bainum left Hawaii afterthe election, returning to his family's small-townb banking business and various other enterprises in Hannemann said he was shocked to learn of Bainum'es death. "I served with him on the City Counci l and we vied forthe mayor's seat in 2004. Throughoutt it all, I knew him as a man with a heartfelf desire tohelp others," Hannemann said in a Bainum is survived by his wife, and two sons, Z and A special election will be held to fill his seat withih 60 days. It will be the second special election for the councip inrecent months.
The council recentl held a special election following the deatnh of council member Barbara Marshall of Ikaika Anderson wonthat election.
Bainum was 56. He most recentl y represented Manoa in onthe council. A statement read by Mallory Fujitani, a membef of Bainum's staff, said Bainum "wae feeling well at work yesterday" and that therr were no prior indications of a health She said he suffered chest pains Tuesdahy night and was taken to a hospitaemergency room, but could not be revived. A medicao doctor by training, Bainum was a Democrat who servedc in the state House of Representatives from 1990 to 1994representiny Waikiki. After serving in the House, Bainumk was a city council member from 1995to 2003. He was electedc to city council againin 2008.
He ran for mayodr in 2004, but narrowly lost to Mufi Bainum left Hawaii afterthe election, returning to his family's small-townb banking business and various other enterprises in Hannemann said he was shocked to learn of Bainum'es death. "I served with him on the City Counci l and we vied forthe mayor's seat in 2004. Throughoutt it all, I knew him as a man with a heartfelf desire tohelp others," Hannemann said in a Bainum is survived by his wife, and two sons, Z and A special election will be held to fill his seat withih 60 days. It will be the second special election for the councip inrecent months.
The council recentl held a special election following the deatnh of council member Barbara Marshall of Ikaika Anderson wonthat election.
Tuesday, December 11, 2012
Lewes AC build on recent success at a tough Crowborough 10k race - Sussex Express
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Sussex Express | Lewes AC build on recent success at a tough Crowborough 10k race Sussex Express Lewes AC build on recent success at a tough Crowborough 10k race. Lewes AC Juniors. Published on Thursday 6 December 2012 13:47. Building on the success the club had at the Brighton 10k and Plumpton cross country event, Lewes AC continued its ... |
Sunday, December 9, 2012
Housing starts, permits fall - Puget Sound Business Journal (Seattle):
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says housing starts fell to an annualk rateof 458,000, led by a 46 percent decline in construction of apartmentsx and condos. Building permits fell 3.3 percentf to 494,000. The Commercr Department also revised lower housing starts datafor March. The slowdown in constructiob follows a report Monday from the that showec confidence among home buildersis rising. Its confidence index, though still indicating the majority of those asked see conditionwsas poor, rose for the secondd straight month this month. It was the highest levep of confidence among home builders ineighy months. Tighter lending standardz continue to strain housing and foreclosures are weighing onhousingb values.
But by some home sales are rising. A gaugs that measures pending sales of existinvg homesrose 3.2 percent in March, and postecd its first consecutive gain in pendinf sales in almost a year.
says housing starts fell to an annualk rateof 458,000, led by a 46 percent decline in construction of apartmentsx and condos. Building permits fell 3.3 percentf to 494,000. The Commercr Department also revised lower housing starts datafor March. The slowdown in constructiob follows a report Monday from the that showec confidence among home buildersis rising. Its confidence index, though still indicating the majority of those asked see conditionwsas poor, rose for the secondd straight month this month. It was the highest levep of confidence among home builders ineighy months. Tighter lending standardz continue to strain housing and foreclosures are weighing onhousingb values.
But by some home sales are rising. A gaugs that measures pending sales of existinvg homesrose 3.2 percent in March, and postecd its first consecutive gain in pendinf sales in almost a year.
Saturday, December 8, 2012
ITT signs lease in Monument III - Kansas City Business Journal:
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Shortly before took back the title tothe 193,138-square-footr Monument III building in Herndon, a new signed a lease for 85,000 squarr feet. ITT, a White Plains, N.Y.-based engineerinhg and manufacturing company, landeds a $1.26 billion space communications network servicex contract with NASAlast year. The company will pay "ibn the low-$30s" per square foot for space in the buildin g at 12930 Worldgate said thenew tenant’s Brian Raher of .
The 10-year lease will continure despite therecent foreclosure, sincwe the tenant signed an agreement that outlinea the tenants rights in the event of a The agreement is known as a short for subordination, non-disturbance and attornment. The formerd owners of MonumentIII — a joinrt venture between The Praedium Group, a New York-basef real estate investment firm, and MGP Real Estates of Bethesda — paid $54.9 million, or $284 a squarre foot, for the building in mid-2007. The buildingb was transferred tothe lender, Generaol Electric Credit Equities Inc., for $50.
6 million, or $262 a squares foot, an amount representing the outstanding
Shortly before took back the title tothe 193,138-square-footr Monument III building in Herndon, a new signed a lease for 85,000 squarr feet. ITT, a White Plains, N.Y.-based engineerinhg and manufacturing company, landeds a $1.26 billion space communications network servicex contract with NASAlast year. The company will pay "ibn the low-$30s" per square foot for space in the buildin g at 12930 Worldgate said thenew tenant’s Brian Raher of .
The 10-year lease will continure despite therecent foreclosure, sincwe the tenant signed an agreement that outlinea the tenants rights in the event of a The agreement is known as a short for subordination, non-disturbance and attornment. The formerd owners of MonumentIII — a joinrt venture between The Praedium Group, a New York-basef real estate investment firm, and MGP Real Estates of Bethesda — paid $54.9 million, or $284 a squarre foot, for the building in mid-2007. The buildingb was transferred tothe lender, Generaol Electric Credit Equities Inc., for $50.
6 million, or $262 a squares foot, an amount representing the outstanding
Friday, December 7, 2012
China regulator frets over confidence crisis after investment product fails - Reuters
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China regulator frets over confidence crisis after investment product fails Reuters It has raised the risk of a crisis of confidence in the wealth management products issued by Chinese banks, and has exposed partial failures in the banks' internal risk controls," one of the sources told Reuters. The CBRC did not immediately respond to ... |
Wednesday, December 5, 2012
They said it, not us - Kansas City Business Journal:
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million tax lien the statd has filed against Nextel ofTexas Inc. ‘We expecty rates to be low for the next year and a then we expect home purchasinv to be strong after thatin Texas.’ Kevib Miller , president, CEO and foundet of TexasLending.com, on his company’ws plans to add more than 100 employeezs while tripling its office space. ‘You’ve got to offere people something a little bit newand exciting. You can’ t just offer them the same thing you’ve been offering for the past 10 years and expect them totake it.’ Joe Hollman , owner of Hollman on his European-style ‘The field of play is Regional cooperation is the same.
’ Tara Greeb , vice president and COO of the Nortjh Texas Super Bowl XLV Host on watching the efforts of the NBA All-Star which will be played a year earlier at Cowboys Stadium at Arlington. ‘We’re kind of like a kettlwe here. We’re starting to boil and we need more spacer to relievethe pressure.’ Jan Pruitt , president and CEO of the Nort Texas Food Bank, on the organization’s need for more warehouses space. ‘I’m not really happy that people could be bringintg their wines into a restaurantlike Fearing’s. I’mk real worried about our revenues and theway it’d perceived.
’ Dean Fearing , chef and partne of Fearing’s at the Ritz-Carlton in on legislation not expected to make it out of committese that would allow patrons to bring their own wine into Texazs restaurants. ‘I don’t believre we should be controlled by We need to go back to running our businesses and livinfour lives, and we will start to see thingsw improve.’ Billie Williamson , senior partner at Ernst & on how enthusiasm and positive thinking could help spark an economivc turnaround.
million tax lien the statd has filed against Nextel ofTexas Inc. ‘We expecty rates to be low for the next year and a then we expect home purchasinv to be strong after thatin Texas.’ Kevib Miller , president, CEO and foundet of TexasLending.com, on his company’ws plans to add more than 100 employeezs while tripling its office space. ‘You’ve got to offere people something a little bit newand exciting. You can’ t just offer them the same thing you’ve been offering for the past 10 years and expect them totake it.’ Joe Hollman , owner of Hollman on his European-style ‘The field of play is Regional cooperation is the same.
’ Tara Greeb , vice president and COO of the Nortjh Texas Super Bowl XLV Host on watching the efforts of the NBA All-Star which will be played a year earlier at Cowboys Stadium at Arlington. ‘We’re kind of like a kettlwe here. We’re starting to boil and we need more spacer to relievethe pressure.’ Jan Pruitt , president and CEO of the Nort Texas Food Bank, on the organization’s need for more warehouses space. ‘I’m not really happy that people could be bringintg their wines into a restaurantlike Fearing’s. I’mk real worried about our revenues and theway it’d perceived.
’ Dean Fearing , chef and partne of Fearing’s at the Ritz-Carlton in on legislation not expected to make it out of committese that would allow patrons to bring their own wine into Texazs restaurants. ‘I don’t believre we should be controlled by We need to go back to running our businesses and livinfour lives, and we will start to see thingsw improve.’ Billie Williamson , senior partner at Ernst & on how enthusiasm and positive thinking could help spark an economivc turnaround.
Monday, December 3, 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Portland Business Journal:
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Government officials said word began swirling in the community Thursdagy thatNCR (NYSE: NCR) is planning to move its headquartersa and 1,300 employees to the Atlanta area and make an announcemeny about the move this week. NCR Global Spokesperson Richard Maton, speaking by phone Saturday from London, confirme that an effort was made forOhio Gov. Ted Stricklanfd and NCR Chief Executive Officer Bill Nuti to however they were not ableto Strickland’s spokesperson said Saturday that he is “continuinbg to reach out to the company to have a direcgt conversation.
” When asked about NCR possibly moving its headquarters out of Maton said the company does not respond to rumoras and speculation. NCR Corporate Spokesperson Alan Ulman respondeds to questionsabout NCR’s plans with an e-mail message Saturda y that read: “We have no announcement In the past, NCR has been quick to deny rumorz of its relocation and affirm its commitment to remaininbg in Dayton. The has repeatedly sought information from the companytsince Thursday, but NCR had not responded to their requestws as of Friday evening, a development department spokesperso n said.
Montgomery County Commissioner Dan Foley said he is frustratex by the lack of Foley said he has asked multiplecompany officials, via e-mail, to respon to the rumors, but has yet to receive any Foley said he, along with other county, state and city of Daytonn officials, have met with NCR representativeas in the past in an effort to safeguard NCR’s local “All that said, noboduy has confirmed to me that their status has Foley said Saturday.
“I have to assumr that -- I hope, I very much hope -- they are stayinfg in Dayton, because our citizens have helpede build that company up tobe world-clasw and will continue to do Rumors have long circulated that the company woulf move, however multiple government and economic developmenf officials said they reached a new levek in the past few days. NCR is said to be seekinh about 100,000 square feet of office spacwein Georgia, . NCR is believed to have lookexd at sitesin Savannah, and Columbus, Ga. Basecd on the square footage the operation could house about 300 to 400 according to realestate sources.
Georgia government and economicc development officialsremained tight-lipped on any potential In October, NCR said it wouldr move its Worldwide Customer Services headquarters to an Atlantaa suburb, investing $15 million and creatingg more than 900 jobs in the suburbs of Peachtreee City and Deluth. The state of Georgiaz provided morethan $8 millionb in incentives, according to officials. NCR, founded locally in 1884, is the Dayton region’s seconrd largest company, with 20,000 global employeews and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomation systems, is Dayton’s lone remaininyg Fortune 500 company.
At one time, the companyy had more than 18,000 employees in the Dayton but that number has dwindled duringb the pastseveral decades. As recentlty as two years ago, NCR had abourt 2,000 Dayton employees. That number has declined by aboutf 700 workers in the pastseveralo years. In 2007, NCR announced it was relocatingt its executive offices to New York City and leasing an entires floor of the 7 World TradeCenter But, on paper, its headquarters remained in In March, the company also told employeesx it is undergoing a structural reorganizatiom and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, though it said at the time it was just
Government officials said word began swirling in the community Thursdagy thatNCR (NYSE: NCR) is planning to move its headquartersa and 1,300 employees to the Atlanta area and make an announcemeny about the move this week. NCR Global Spokesperson Richard Maton, speaking by phone Saturday from London, confirme that an effort was made forOhio Gov. Ted Stricklanfd and NCR Chief Executive Officer Bill Nuti to however they were not ableto Strickland’s spokesperson said Saturday that he is “continuinbg to reach out to the company to have a direcgt conversation.
” When asked about NCR possibly moving its headquarters out of Maton said the company does not respond to rumoras and speculation. NCR Corporate Spokesperson Alan Ulman respondeds to questionsabout NCR’s plans with an e-mail message Saturda y that read: “We have no announcement In the past, NCR has been quick to deny rumorz of its relocation and affirm its commitment to remaininbg in Dayton. The has repeatedly sought information from the companytsince Thursday, but NCR had not responded to their requestws as of Friday evening, a development department spokesperso n said.
Montgomery County Commissioner Dan Foley said he is frustratex by the lack of Foley said he has asked multiplecompany officials, via e-mail, to respon to the rumors, but has yet to receive any Foley said he, along with other county, state and city of Daytonn officials, have met with NCR representativeas in the past in an effort to safeguard NCR’s local “All that said, noboduy has confirmed to me that their status has Foley said Saturday.
“I have to assumr that -- I hope, I very much hope -- they are stayinfg in Dayton, because our citizens have helpede build that company up tobe world-clasw and will continue to do Rumors have long circulated that the company woulf move, however multiple government and economic developmenf officials said they reached a new levek in the past few days. NCR is said to be seekinh about 100,000 square feet of office spacwein Georgia, . NCR is believed to have lookexd at sitesin Savannah, and Columbus, Ga. Basecd on the square footage the operation could house about 300 to 400 according to realestate sources.
Georgia government and economicc development officialsremained tight-lipped on any potential In October, NCR said it wouldr move its Worldwide Customer Services headquarters to an Atlantaa suburb, investing $15 million and creatingg more than 900 jobs in the suburbs of Peachtreee City and Deluth. The state of Georgiaz provided morethan $8 millionb in incentives, according to officials. NCR, founded locally in 1884, is the Dayton region’s seconrd largest company, with 20,000 global employeews and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomation systems, is Dayton’s lone remaininyg Fortune 500 company.
At one time, the companyy had more than 18,000 employees in the Dayton but that number has dwindled duringb the pastseveral decades. As recentlty as two years ago, NCR had abourt 2,000 Dayton employees. That number has declined by aboutf 700 workers in the pastseveralo years. In 2007, NCR announced it was relocatingt its executive offices to New York City and leasing an entires floor of the 7 World TradeCenter But, on paper, its headquarters remained in In March, the company also told employeesx it is undergoing a structural reorganizatiom and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, though it said at the time it was just
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