Saturday, October 30, 2010
Most Eddie Bauer stores to stay open - The Business Journal of Milwaukee:
The company announced that it struck an agreement withNew York–base d private equity firm LLC to buy Eddie Bauer’s assets, subjecf to an auction and bankruptcyh court approval. CCMP Capital intendx to operate the business as a going concern with little orno long-terj debt. According to Eddie Bauer, CCMP Capitap has agreed to keep a majorityt of the 371 stores open and retain a majorit y ofthe employees. CCMP Capitaol specializes in buyouts and looks for investment opportunities in retai andother sectors, and have made investmentes in the outdoors specialty retailer which sells hunting, fishinvg and camping gear.
Eddie Bauer said it hopes to operatw business as usual during bankruptcy court proceedings and has asked for court approval to continue payingv vendorsand workers. The company also said it intendzs to honor customergift cards, returns and loyalty program points. The company also announced that it has securer a commitment from its existing revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-called debtor-in-possessio (DIP) financing of $90 million on an interim basisand $100 millioh based on the final court order. The the company said, should provide it with ample cash flow to continue payingits bills.
“Eddie Bauer is a good company with a greayt brand and a bad balance This process will allow the businessa to emerge with farless debt, positionec for growth as the econom recovers and as our new products gain said Neil Fiske, Eddie Bauer presiden and chief executive officer, in a “We expect this process to be completed very protecting our employees and criticao vendor partners every step of the way. “We have made good progresss on our turnaround strategy of returningh Eddie Bauer to its heritage as an active outdoor brande and have exciting new product launches on the way to includingFirst Ascent, our return to expedition-grade outerwear and gear.
a crushing debt burden placed on the companyt from the Spiegel reorganizationin 2005, combined with the prolonged recession, have left us with no choicer but to use this procesz to reduce the debt load on the
Friday, October 29, 2010
Where's There's Smoke⦠- Cameron County Endeavor
WFPL | Where's There's Smoke⦠Cameron County Endeavor To the editor: Working smoke alarms cut the risk of dying in home fires in half. As a 30-year fire service veteran, I have witnessed first-hand the tragedy ... Louisville program aims to cut false fire alarms Estero Fire Rescue reminds you to change your smoke alarm batteries Fire alarms are free for Portland residents while supplies last |
Wednesday, October 27, 2010
Lee's arrival meant Rangers could believe - Yahoo! Sports
The Guardian (blog) | Lee's arrival meant Rangers could believe Yahoo! Sports SAN FRANCISCO â" About 45 minutes before the game that would change the franchise, the Texas Rangers' ... Rangers Vs. Giants, World Series Game 1: Cliff Lee Escapes Early Jam San Francisco Giants 11, Texas Rangers 7 (Game 1 of the World Series) Angels Great Bengie Molina Ties World Series Together |
Tuesday, October 26, 2010
ECMC upgrading trauma units - Business First of Buffalo:
The hospital, the designateds Regional Trauma and Disaster Preparednessa Center for WesternNew York, plans to add 12 exam two operating rooms and new supporf areas for emergency and surgical services in its emergency Currently, the hospital has 29 exam roomd and 10 operating rooms. The hospital has not made upgradesa to its ER since a redesign of the spacsin 1997. Final approval is still required by the StateHealtnh Department. The expansion, which was first announced in will not interrupt services in the existing space while work is Jody Lomeo, who was namedx CEO in early January, said in a preparede release the project is a positive step toward improving care at the facility.
“This is the firsr physical sign of the progress and improvements that we will see at ECMC in the next months and years as we work with Great Lakes Health to improve our collectiver facilities to servepatients better,” he said. ECMC served nearly 55,000 patients in its ER last an increasefrom 48,670 in 2005. The increased capacityy will allow the hospital to improve care in thetraums center, as well as give surgeons the abilit y to perform more procedures in orthopedics, generao surgery and vascular surgery. ECMC recently hired additionaol surgeons to respond to the increase insurgical volume.
The hospita said the additional operating rooms will accommodate projected growth in surgeriesas well, particularly helpful for neurosurgica l and spine cases which take more Increased capacity also opens up space for electivwe surgeries. ECMC includes a medicalo center with 550 inpatient 136 skilled nursinghome on- and off-campus health centers and more than 40 outpatiengt specialty care clinics. ECMC joins severaol other area hospitals in announcing emergency department expansionthis year, including ’s Mercy Hospitaol and Sisters of Charity Hospital.
Millard Fillmorer Suburban Hospital this year completed an expansion project that addeea 38-bed emergency department and 10 operating room
Sunday, October 24, 2010
Reluctance: Why The BCS and Media Polls Will Never Work - Bleacher Report
Bleacher Report | Reluctance: Why The BCS and Media Polls Will Never Work Bleacher Report The voters, who decide who goes to the National Championship game in Arizona, are reluctant to push a team up into the top two spots after a huge win. ... |
Saturday, October 23, 2010
Two area businesses partner to lure customers into shops - New Mexico Business Weekly:
The owners of , a moviw rental store on Bardstown Road, near Highland Avenue, recentl formed a partnership with that places drop boxes for Wild and Woolly rentals at all sevejn HeineBrothers locations. The idea for the partnership came from Todd owner of Wildand Woolly. “Inn my mind, the fun part of renting moviews is coming in the store and picking things Brashear said. “Returning it is usually just a chore.” Brashear said he wanted to make the returnj process easier by placing return boxes at placesz where peoplestop frequently, such as grocery storezs or coffee shops.
Heine Brothers made sensee as a drop-off location, he said, not only because he likeds its coffee, but also because the companhy has multiple locations and a strong presence in theHighlandd area, which is home to many of his Part of the he said, is that Wild and Woollyy customers dropping off movies also mightt buy something at Heine Brothers, if they’rw not already there to do so. Brashea r also said he wanted to ensured that theboxes didn’t become a nuisancde or distraction for Heine Brothers’ The boxes have been in place for abouyt a month, Brashear said. So far, his biggesg single-day “haul” was about 70 movies.
“Io think that’s definitely wortnh my time and shows that peopled are into the Brashear said. As a local, independen t operator, Heine Brothers is trying to competr inan already-crowded market for coffes consumers, said Mike Mays, who co-owns the local chainh with Gary Heine. So keeping their business “topp of mind” with consumers is important, and the partnership with the 12-year-olf video store allows them to dojust “It just makes perfect sense,” Mays “His customers are our customers, and vice The more people we can get walking in our fronft doors, the better.
” As part of the Heine Brothers has offered coupons for its stores at Wild and Woolly, but Mays didn’tg have a final tallyy on how many had been redeemed. Mays said busineszs at Heine Brothersis “still healthy and strong, but I’sd be lying if I said that the last 18 months hadn’t been a little tighter” than before. The ownerd hold weekly meetings to address ways they can lure 25 to 50 more customersd per day into each oftheir stores.
Brashear, who collects the videoa himself, said he believes the drop-boxs concept will help Wild and Woolly competed with Redbox video rental machines and the Netflix mail But he said Wild and Woolly built a strong customerr base before Redbox and Netflixbecamde popular, which lessened any adverse effects. “Our nichse has protected us, to a certain degree,” he said, adding that the businesds also has changed its pricing structurs in the past two years to providemore options. “I’m sure we wouldr be doing a whole lot better without Redboxand Netflix, but we’re still doing well. It hasn’tf killed us like it has a lot of other stores.
”
Friday, October 22, 2010
Flint slashing suspect charged in 2 more killings - Detroit Free Press
Washington Post | Flint slashing suspect charged in 2 more killings Detroit Free Press Prosecutor David Leyton said authorities discovered the blood in the luggage of Elias Abuelazam after it was seized at an airport in Louisville, Ky., ... More charges filed against serial stabbing suspect, lawyers say Families of victims react to additional Abuelazam charges Two more murder charges against suspected serial stabber Elias Abuelazam |