Thursday, March 31, 2011

Starbucks makes food healthier - Dayton Business Journal:

http://haraseltrebol.com/trebol%20chapa%20enferm.htm
The coffee giant says it has simplifie recipes to includemore high-qualityy ingredients like whole grains, blueberriess from Oregon and cherries from Michigan. “Starbucksd customers have been telling us that they want better tastinhg and healthier food options when they visitour stores,” said Starbucksa food category vice president Sandra Stark in a news releasee announcing the new menus. “We answered their call with a deliciouw new menu of food made with real ingredients and morewholesomer options.” New menu items include a blueberry oat bar, a farmer’s market salad and banana walnut breas that Starbucks says “is nearly 30 percenr real banana.
” Starbucks has been expanding its food menu in the last two years to entice customers to visit more and to spend more per The company was also among the firs t restaurant chains in the countryt to ban trans fat from its food and beverages. Starbuckx (NASDAQ: SBUX) is closing hundreds of locations and cuttin g thousands of jobs to trim expensex asrevenue falls. The companyg reported sales fell 8 percentlast quarter, followinbg a 9 percent decline in first quarter It is also facing pressure from McDonalds (NYSE: whose new coffee drinks are driving salesx higher.

Wednesday, March 30, 2011

New restaurant planned for downtown Dayton - Jacksonville Business Journal:

retention-jackjacks.blogspot.com
An Asian restaurant, , is openinb in the space that formerlyhhoused Chin’s restaurant in the Dayton Transportation Centere complex on Jefferson Street. The restauranrt and lounge will be open for luncy and dinner seven daysa week, and late on The casual dining restaurant will be owned and operatedc by Chanaka DeLanerolle, a restaurateur with severalp restaurants in the Cincinnati area, including , Teak Thai Cuisind and Sushi Bar, The Celestial Steakhouse, Incliner Lounge and Longworth’s. DeLanerolle signed a five-yeatr lease for the space. He plans to invest $250,00 on renovations.
Sa Bai, which will employ about 30 people, is scheduled to open at the end of Sa Bai will feature a casual toupscalwe feel, with a sushi bar and The menu will be similar to one of DeLanerolle’s Blue Ash Apsara. It will feature a mix of soupssand salads, curries, rice and noodle dishes and The 5,700-square-foot restaurant also will have outdoor seating. Bart director of the , whicuh manages the facility Sa Bai ismoving into, said it is unclead how many seats the restaurant will have, becausse designs are still being put together.

Monday, March 28, 2011

Scotts shuttering all Smith & Hawken stores - Business First of Columbus:

bakakinkorypon.blogspot.com
Jim Hagedorn, CEO of the Marysville-based lawn and garden giant, said in a statemenrt that “the combination of a weak economy and the lack of scale proved too greatto overcome.” For a year, Scottsx had been exploring options for the high-end garden brand it boughtg in 2004 for $68.5 million but decided closint the business was the “besg option available,” Hagedorn said. Smit & Hawken, based in Calif., has a store in Columbu at EastonTown Center. Scotts (NYSE:SMG) on Wednesdayg said storewide sales across the chain will beginh Thursday and will be managed bya third-partyu firm.
Orders on Smith & Hawken’s Web catalog and call center will be discontinued The company in its last annual reportg said the chain has consistently underperfomee since it was acquired nearly half adecade ago. “corporate and other” segment, which consistas of Smith & Hawken and administrativd expenses, posted a 23 percent decline in salesat $51.2 millioh for the six months ended March 29. That segment’s operating loss for the six-montyh period totaled $75.
4 million, according to Scotts expects to takea $25 milliob after-tax hit on the closure of the mainly tied to terminated leases and severance Most of those charges, the compant said, will be taken on by the end of the Scotts (NYSE:SMG) in the year endedr Sept. 30, 2008, lost $10.9 million on $2.97 billion in revenue. The company has about 6,40 0 full-time workers worldwide.

Saturday, March 26, 2011

Law would ease curbs on endowment funds - Triangle Business Journal:

paramonaxogilozi.blogspot.com
Donors establishing scholarshipendowments may, for example, specify that only graduatea of a certain high school or students in certaim majors can qualify. That becomes a problej when, for example, a high school is closerd or a curriculum is The Uniform Management of Institutional Funds Act says donofr approval is needed to make any changes in howa donor-directesd gift is spent. That becomes a problem when a donorpasses away. In some of thosd cases, nonprofits have to undertake expensive legal maneuversw to change the way a giftis spent.
Tim vice president of government relationa and public information atthe , says that if an endowment is a nonprofit is unlikely to fight to change the leaving the money to sit unused. Under the Uniform Prudengt Management of InstitutionalFunds Act, an amended version of the currentf law that is being promotee for passage at the Generakl Assembly, organizations could file an argument with the statde attorney general, who would evaluate the argument and make a determination whether donor restrictions should be liftec or changed. Currently, at in one endowment specifies that all funding must go towarcd studentcounseling services.
At the time the money was student counseling was not a major issuw oncollege campuses. Nowadays, it’s important enoug h that the university fully fundsw the program without using the Laura Bingham, Peace’s president, says she would like to be able to use the endowmen for other student services but that she has not yet pusher the issue.

Thursday, March 24, 2011

3 Wachovia execs join Raymond - Atlanta Business Chronicle:

zolinstanixes.blogspot.com
Brian Randall, Jim Heinen and Ken Nettleton, who all workecd in Wachovia’s Fairview Heights office, joines Raymond James Jan. 9, said Mike O’Meara, Raymond St. Louis-area manager and senior vice The three had been longtime employees of the forme r and remained with the companhy after its 2007 acquisitionby O’Meara, who opened the Raymonsd James office here in said his Tampa Bay, Fla.-basex parent company, , plans to build a new offic e for the three advisers in O’Fallon, Ill. Until that officer is ready, the group is basex in Clayton, where Raymond James has an office with 13investment brokers. Raymond James Financiaol has morethan 5,000 financial advisers.
Wachovia Securitie s continues to have a large presence in the Metrko East with 31 investment advisers in fiveofficese — Fairview Heights, Edwardsville, Altob and two in Belleville, said Tom a spokesman for Wachoviaz Securities. Wachovia Corp. of Charlotte, N.C., and of San Franciscok completed a stock deal combininyg the two banking companies at the endof 2008. The Wachoviw Securities unit basedin St. Loui s now has more than 14,600 investment advisers.

Tuesday, March 22, 2011

PIMCO 1-5 Year US TIPS, Alcon: Money Flow Leaders (STPZ, ACL) - MarketWatch

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PIMCO 1-5 Year US TIPS, Alcon: Money Flow Leaders (STPZ, ACL)

MarketWatch


By MARKET DATA STAFF PIMCO 1-5 Year US TIPS (CONSOLIDATED:STPZ) Index ETF topped the list in late trading for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money. See the full list. Alcon (NYSE:ACL) Inc. ...



Monday, March 21, 2011

Yemen's leader takes a political hit | Philadelphia Inquirer | 2011-03-21 - Philadelphia Inquirer

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Yemen's leader takes a political hit | Philadelphia Inquirer | 2011-03-21

Philadelphia Inquirer


AP SAN'A, Yemen - The US-backed president of Yemen suffered a devastating political blow Sunday when his own powerful tribe demanded his resignation, joining religious leaders, young people, and the country's traditional! opposition in ...


Middle East: Key developments in political tension

San Francisco Chronicle


Weakened Yemen president's own tribe c »

Friday, March 18, 2011

SBA alters loan refinance terms - Business First of Buffalo:

Air Purifiers Palm Bay
The changes were authorized in the American Recovery and Reinvestment Actof 2009. The 504 loan progran is administered through 271 Certified Development Companies across the On Wednesday, SBA began implementing the changez by publishing them as a permanentr rule in the Federal Register. The legislation allows 504 program projects to include a limitexd amount of debt refinancing if therse is a business expansion and the debt refinance d does not exceed 50 perceny of the projectedexpansion cost. The following are some conditionw under which borrowers will be eligiblefor • The debt beintg refinanced was incurred to acquirr land, to construct a building or to purchase equipment.
The assetsw acquired must be eligible for financing under the504 program. The existing debt is collateralized byfixedd assets. • The existing debt was incurred for the benefiy of thesmall business. • The new financinv provides a substantial benefit to the borrower whenprepaymenr penalties, financing fees, and other financing costs are taken into • The borrower has been current on all paymentxs of existing debt for one year prior to the date of refinancing.
“Lowerd interest rates mean lower payments and less monegy going out the door each month in debt That means more cash on hand to keep theirddoors open, their employees working and to even expanr and create more jobs,” said SBA Administrator Karehn Mills. The permanent changes allow small businesses to restructure eligible debt to help improvee their cashflow which, in turn, will enhancw their viability and support growth and job creation. The 504 loan program can be used to purchas e business real estate or fixed such as heavy equipmentor machinery, and expand curreny development projects.
Mills said the 504 program’z refinancing changes are the latest in several Recoveruy Act provisions implemented by the SBA inrecenft weeks. On March 16, the agencgy temporarily raised to 90 percentg the guarantee level on many ofits 7(a) programm loans and reduced fees on both 7(a) and 504 loans.If also doubled to $5 million the surety bond guaranteee level for small businesses competing for constructionh and service contracts. Additionally, on June 15, SBA’s American Recoveruy Capital loans became available for smalll businesses facing immediatefinancial hardship.

Wednesday, March 16, 2011

David Kolb: The mask is off, but do the Dems really care what's behind it? - Muskegon Chronicle - MLive.com

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Muskegon Chronicle - MLive.com


David Kolb: The mask is off, but do the Dems really care what's behind it?

Muskegon Chronicle - MLive.com


The mask of today's new tea party-run GOP is off. That's about the only good news there is from Wisconsin for Democrats. But now that the shocking face of right-wing radicalism leering at Democrats in that ...



and more »

Sunday, March 13, 2011

MBA: Mortgage, refinancing applications fall - South Florida Business Journal:

http://pscsafetyproducts.com/act.htm
percent in the week ended June 5, accordingh to the . Refinancing applications fell 11.8 percent from the previouas week, while applications for new mortgages wereup 1.1 Refinancing made up 59.4 percent of total applications last week, down from 62.4 percent the previous week. That’s the lowest the refinance share has beensincse November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percent of total applicationsz from theprevious week. The averaged interest rate for 30-year fixed-rate mortgages increased to 5.57 percengt from 5.25 percent, with points increasing to 1.09 from 1.02. The average interest rate for 15-yeafr fixed-rate mortgages increased to 5.
1 percenty from 4.8 percent, with points decreasing to 1.04 from 1.1. The averag interest rate for one-year ARMs increased to 6.75 percentr from 6.61 percent, with pointx decreasing to 0.1 from 0.15.

Friday, March 11, 2011

LinkedIn Taps Professional Connections to Create News Service - New York Times (blog)

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Globe and Mail


LinkedIn Taps Professional Connections to Create News Service

New York Times (blog)


Rather than being edited by humans, LinkedIn Today is put together automatic »

Tuesday, March 8, 2011

Downtown digs get a fresh look - The Business Journal of Milwaukee:

belyaevostapuki.blogspot.com
But when their childrenh got older andmoved away, Ashville suddenly lost its smal town appeal. John works at the Ohio Attorneu General’s Office as a network specialist and Rhonda is a medicakl secretary atNationwide Children’sz Hospital. The Purcells started looking for a downtownj condominium in July 2006 and by March closed a deal for one inthe Carlyle’s Watch project on East Gay Street. Life has changer dramatically forthe Purcells, both in their mid-50s, since they abandonefd small-town life for a spot in the big city. They say theirt social life has improved and gettingh around is alot easier.
“My dentist, doctor, and eye doctor are all withinb a block of my said Purcell. “In Ashville we had to drivs everywhere.” The Purcells aren’t alonde in their downtown move. According to a January/February Report by Columbus-based nonprofit Community Research Partners, Columbus’ downtowjn population in 2008 was 4,476. That’s a jump of 22 perceny from the 3,662 people counted in the 2000 The growth has been significant for thosw in the same age group as the The CRP report shows those from ages 45 to 64representeds 1,060 of downtown’s dwellers, up 37.7 percen from 2000.
But the numberws might not be too much to get excitedd about when history is takenbinto view. Michael city of Columbus urbanventureas coordinator, said downtown in the 1950s had about 30,000 residents. That number fell beloq 4,000 as of 2004. The trend didn’rt reverse until the city startedd aggressively pushing for more downtown housing with its 2003 DowntownmBusiness Plan. That led to a construction boom in places such asRiver South, the Third and Gay street area, and ongoinb projects such as the Desigbn Square Apartments near the Columbus College of Art and Brown said residential projects have been introducee at a variety of price points.
The recessionn has taken its toll though and many condoss sit empty or have been converted torentak units. But Brown expects anotheer influx of buyers if the creditf and housing markets improve and suburban homeowners can unloadstheir properties. According to the CRP study, there were 2,7023 households downtown as of 2008. The peoples who are interested in downtown these days areempt nesters, said Kevin Wood, the co-foundet and board member of the Downtown Association of Columbus. Wood also is co-chairman of City Hop, a tour of downtowmn residences that used to be popular with young people but now is drawing anoldef crowd. “It used to be peopls who always lived closeto downtown.
Now people in the think it’s viable,” he said. Wood believes the recession actually is promptinempty nesters’ interest in movingt downtown. Transportation costs are convincing those without childrebn to move closer to amenities and reduce theird dependenceon cars. While high-pricefd condos used to sell first, that market has become Wood said. He thinks the biggest market isfor $150,00 0 condos and $700-per-month rentals.
Cleve executive director of the Capital Crossroads SpecialImprovement District, a groupp that promotes and provide services for a 38-square-block area of downtowj between the Convention Center and I-70, said there’z more to be done to make city living viable. A lack of some especially a grocery store, is a barrier to future he said. There actually isn’t even a conveniencs store downtown, according to the CRP “You’ll never get Manhattan here,” Ricksecker said. “We’ree not seeing the walkable servicesa in downtown because people are stil l very tied totheir cars.

Sunday, March 6, 2011

Blue Coat CEO wins rights to Bay Area women's pro soccer franchise - Silicon Valley / San Jose Business Journal:

http://digitarald.de/forums/profile.php?id=98709
Technology executive Brian NeSmith andhis wife, have been granted rights to a San Francisco-area franchises in the Women’s Professional Soccer Along with the Bay Area team, WPS is scheduled to beginb play in the spring of 2009 with teamx in Boston, Chicago, New York, St. Washington D.C. and Los Angeles. WPS said it expectsw to expand to Atlanta and Philadelphiain 2010. NeSmith is CEO of BCSI), a Sunnyvale company whosed technology protects corporate The NeSmiths havetwo soccer-playinfg daughters. The NeSmiths and WPS have not finalized wheree the team will play or its WPS will begin drafting players for all its teamswthis month. Players will come from the U.S.
Women’ss National Team, colleges and Women’s Professional Soccer is the successor tothe Women’as United Soccer Association. That league launched in 2001 with playersz likeMia Hamm, Brandi Chastain and Julie Foudy. The WUSA fieldes eight teams, including the San Jose by capitalizing on jubilation followingthe U.S. women’w team winning the 1999 World Cup. WUSA backers, who lost millionx of dollars, pulled the plug on the leaguwe following the 2003 season after TV and attendance goalsfell short. WPS backers said the new league will not repeat the mistakes ofthe past.
Led by new commissioner Tonyz Antonucci, WPS has a different busineszs plan and has lined up new investor s who paid atleast $1.5 million for rights to a franchise. WPS, whicgh has its league headquarters inSan Francisco, can survive because it will reigmn in costs and broaden its fan base beyond parente and their soccer-playing daughters, said Antonucci, a formerd executive and soccer player. WPS will use social networking sites and other Internetg technology to advertise and promote itself to lesbian andgay Latinos, young men and others who want to see the best femalw soccer players, Antonucci said.
She said the leagues can save money through its relationship with the marketinv armof , the 13-year-old men’s which will sell sponsorships on behalf of the women’s teams. WPS has attracte d some big name investors as it prepares to kick off play next guard Steve Nash and former Yahoo Presidengt Jeffrey Mallett became investors and part owners in thestartuop league. Terms of the deal were not but the total investmen t is said to besix figures. The first person to commit to buying a franchise was Phil the billionaire media and entertainment mogu l with a stake in two Major LeagueSoccert teams.

Thursday, March 3, 2011

S&B Industry to receive incentives - South Florida Business Journal:

pmkathleen-comregional.blogspot.com
In exchange, the company also would have toinvest $17.3 million “to renovate and build out new corporate headquarters and operationsa facilities in the city,” accordinhg to the resolution. The company would expand its existing facility, at 1551 Sawgrass Corporatd Parkway, said Norm Taylor, director of Broward’s office of economi c development. The jobs are supposed to pay an averagw salaryof $98,000 – welcome news to Taylor.
“It means a whole bunch of people willpay mortgages, will pay taxew and will support their local supermarkets,” he “These are very high-wage jobs that we didn’y have happening frequently in our S&B is a subsidiary of Foxconn International a subsidiary of a Ltd., a Chines computer and electronics giant based in If S&B creates the 150 it potentially could receive $850,0090 in combined incentives from the city and the state. Broward and Sunrise each agreed tocontributw $125,000, for a total of $250,000. The state wouldr contribute anadditional $650,000 if it approves the S&B could not immediately be reached for comment.
The compang stated on its grant application that it employe 51in Sunrise, Taylor said, but it’s not cleatr how many, if any, are employe d separately under the Foxconn brand. Both companies list theifr address at 1551 SawgrassCorporate S&B/Foxconn is part of a growingg technology cluster in Sunrise that included Scottsdale, Ariz.-based General Dynamics C4 Systems (NYSE: GD) and Canada-based Research in Motion (NASDAQ: RIMM). The companies sprunfg up in Sunrise in sprinfg 2008 after laid off about 300workers – mostlyt engineers working on next-generation wireless technology – from its Plantatioj facility.

Tuesday, March 1, 2011

Queen's pays $2.5M to settle Feds' claims - Silicon Valley / San Jose Business Journal:

vidineevostegity.blogspot.com
million to settle lawsuits thatalleged Hawaii’s largesrt hospital overbilled government healtb care programs for prescription federal prosecutors said Wednesday. The settlement was the result of two whistleblower lawsuits brought by former pharmacy who allegedthat Queen’s overbillesd the state’s Medicare and Medicaid programs, as well as TRICARE, the federalk health insurance program for military according to a news release from U.S. Attorney Edward H. Kubo Jr. The lawsuits were filed under the federao and state False Claims which allow the government to claimn up to triplethe damages, plus penalties, for submittingg false claims to government programs.
The two formef employees allege Queen’s submitted fake bills for anti-psychotic medication that were dispensed by the hospitakl pharmacy from 1999 to 2002 and were authorize bya doctor, but not necessarily by a as required. The hospital was also accused of billinf from 1999 to 2006 for services provided by medicak residents who were supposed to be supervisedf byother doctors, but that the supervisio n did not occur, Kubo’s officew said. Under the settlement, Queen’s paid $2 milliobn to the federal whichshared $400,000 of the proceeds with the two formetr employees, and $500,000 to the attorneys for the two employees.
Queen’z will also maintain a complianc program to ensure its billings conform to the ruleds for five years under a corporatr integrity agreement withthe U.S. Department of Health and Humann Services. Queen's issued this statement: " denies any intentionalp wrongdoing, but after five years of discussions and negotiations with the has agreed to settle this mattert so that its resourcexs may be spent on providing qualityt health care rather than onlegal