Reuters | Lone gunman kills at will on Norway's darkest day Sydney Morning Herald Campers crouch behind a w » |
Saturday, July 23, 2011
Lone gunman kills at will on Norway's darkest day - Sydney Morning Herald
Thursday, July 21, 2011
Lantech CEO says recession will make strong companies stronger - Atlanta Business Chronicle:
From its headquarters at 11000 Bluegrass Parkwaygin Jeffersontown, Lantech sells pallet-wrapping equipment costing between $10,000 and $300,00 each to some of the world’x largest companies. “Eighty percent of what your readersx buy comes across one of my machines on its way to the said Lancaster, who is CEO of Lantech. Customera include international consumer companies suchas , and giant “We touch a huge percentage of producte that move as any sort of packaged and we were hit like all the othe r capital equipment companies,” he Yet, Lancaster sees not only his but all strong American businesses, coming out of this recessiom more efficient and ready to invesf in capital equipment after having been on cruise controlo during boom times.
“j feel better about the prospectds ofthis country’s competitiveness than I did three, four or five yearw ago,” he said. “I’m not the only one thinkinfg about getting the cost structure of my compantunder control. People are focused on their making what happens in their fourwalls “You take that times a bunchb of business, and it’s a big deal in terms of the competitiveness of this country.” Not that it’sx been fun. And not that the economy is back.
Lancaster said 2008 started out well on pace to tophis 37-year-old company’s best year ever, 2007, when Lantech had about $120 million in gross As of May 2008, orderd were up 17 percent over May 2007. But in mid-2008, business slowes dramatically, first in the United States, then in Europed and Asia. “When Asia dropped, it didn’y just drop. It stopped,” Lancaster Companies that were leveraged and took 5 percent to 50 percentf revenue hitsare dead, or they’re in the process of Lancaster said. Companies with manageable suchas Lantech, suddenly had the time and incentivde to start restructuring and investing in their businesses.
Lantecgh has no impetus to keep cash in the bank drawing 1 he said. “We’re making way bigget investments in our businessthan (before the downturn). This is not money-managemengt time. This is the time to invesf in productdevelopment … to improve long-term competitiveness.” But last fall, it was time to cut stafc so that Lantech didn’t start losing Lantech has had to cut its local staff to about 300 people, Lancaster Lancaster declined to say how many people he was forcec to cut, but the company had 350 employeesa in Louisville last according to Business First’s Aug. 29 list of the area’s larges t manufacturing firms.
“We just dropped (the work to break even,” Lancaster said. “We didn’t want to (lose and set ourselves up for beinh weaker againstthe competition. We cut not to hold our profitabilitu percentage, but just to break even.” Remaining staff started rethinking how Lantechis run, “making hundred s if not thousands of he said. Lantech saved $2,500 per montn by buying out leases for dumpsters and trash compactors and buyingits own. Renegotiatint phone services savedanother $2,500. Consolidating off-sitw storage areas saved $9,000 per month.
The moneyy saved —hundreds of thousands of dollarsw per monthin non-payroll expensews — kept the company from drastically cutting its work force, Lancaste r said.
Tuesday, July 19, 2011
Stimulus funds lag health woes - Austin Business Journal:
That’s the view of the eight-member panel of industrty and medical experts who were invited by the Soutn Florida Business Journal to share theie views of whatthe $787 billion federal stimulusz package means to the health care sector. What emergedr was a broad discussion of how stimuluxs legislation is just one piece of chang needed in an industry that has run financially amok due to an overrelianc eon specialists, shortfalls in informatiojn technology and patients who are undereducated.
The Congressional Budget Office has projected that total nationalo spending on health care could hit 48 percent of grosw domestic product by 2050 if left To solve this problem will takemore money, though, in the shory term. The Obama administration’s $59 billion for health care stimulus spendingincludes $19 billion for electronicc health care records. Starting in doctors who can show meaningful use of electronic medicao records will getincentivew – and those who don’t will get declining Medicare payments.
But, the old-fashioned generaol practitioner may also have a big Linda Quick, president of the , said health care reforj legislation that coincides with the stimuluws calls for individuals to have a home locationm or a primary care provider. She said that allowse for “a community location close to home and gettinh more done ina non-institutional, actually high clinical technologt setting.” That, in turn, will also translatre into a less costly location, the panelists Rachel Sapoznik, CEO of , said: “The reasonj I believe in the last 25 yeards of seeing health care costs rise dramaticalluy is we have moved away from the primaryg care physician knowing the patient to Patients go from specialist to specialis t to get each ailmenft treated, but an overview of their condition and familyg history is lacking.
George Foyo, executived VP and chief administrative officerat , said: “Piggybacking on primaruy care is absolutely right. All thesde specialties are adding thousands and thousands of One problem is that specialists tend to overdpo tests because they are so worried about legalliability issues, he said. Dr. Tony Prieto, a familyy practitioner and president of the Broward County Medical said reimbursement issues for tests done in his office alsofrustrate him. A hospitakl might get $2,000 for a test from but he can onlyget “I don’t think it’s anything that’z going to work unless we use some commonb sense,” he said.
Foyo said primargy care physicians historically put an emphasis on healthjprevention efforts, but the lack of it these days is contributinbg to an epidemic of diabetes and heart issues. Baptisf Health, which is well known for hospitala in Kendalland Homestead, is pushing forward with outpatienr centers – and even venturinv into Broward County. One reason is emergency rooms are and providing care there is more costly than at anoutpatieny center. “Rather than have patient s cometo us, the hospitala are going out to them,” Foyo said.
Florida’ss 51 nonprofit community health centers aregetting $28 million in competitive grants under the stimulus legislation, whichy will also keep patients out of expensive hospitakl settings for treatment. House Speaker Nancyg Pelosi highlighted that during an April visi t to a community health center in Hollywood that willget $1.5 million to open a satellite health centert in West Park. One of the advantagex for these types of centers is that they are fundedc with the assumption that their doors will be open to all who which is important because of the number of uninsuredSouthj Floridians, including undocumented Quick said. Dr.
Welby, meet Bill Gates Mark administrative partner at the law firm of in said electronic medicalrecords (EMR) fall underr the category of “shovel-ready” projectes in the world of stimulus – meaning the technologyy exists and can be adopted rapidly to put moneg in the economy.
Saturday, July 16, 2011
Equifax: Small biz bankruptcies double in March - Los Angeles Business from bizjournals:
Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlh doubled in March 2009 from March Equifax noted. "The March numbers provide a snapshotrof what's been happening to the smalll business sector during this period of economic said Reza Barazesh, head of Equifax'w North American Commercial Analytical Services in a news release. "Not surprisingly, the highes t number of small-business bankruptciesd are in those parts of the country where home prices havedecreasecd dramatically, unemployment has increased significantly, and credit has becomd tighter." For the analysis, Equifad analyzed both Chapter 7 and Chapter 13 filings.
Chapte 7 is a liquidation proceedinhg in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcyh enabling filers to pay off debt over a set perioof years. Equifax reviewed and analyzed small business data for the most recent monthg for which complete datais available.
Thursday, July 14, 2011
Bernanke Says Fed Has No Plans 'at This Point' to Make More Bond Purchases - Bloomberg
msnbc.com | Bernanke Says Fed Has No Plans 'at This Point' to Make More Bond Purchases Bloomberg âWe just want to make sure that we have the options when they become necessary,â Bernanke said. âBut, at this point, we're not proposing to undertake that option.â Bernanke said the Fed faces conditions that are different today than they were last ... Bernanke: Failure To Make Debt Deal Would Be âCalamityâ Highlights: Bernanke's semiannual testimony to Senate panel Bernanke: Debt ceiling breach 'calamitous' |
Tuesday, July 12, 2011
DFJ, Cisco name business plan finalists - Silicon Valley / San Jose Business Journal:
The finalists, whose business plan address a diverse group of issues from efficient andaffordable Web-scaler computing to early cancer detection, will be competin from their respective geographic areass and the winning team will receive a minimum seed investmengt of $250,000. The plans of the 16 finalists, many of whicuh have already won localuniversityt competitions, were selected from thousandw of eligible business plans in nine countriess across the globe. The selection was based on various criteriaz including quality ofmanagement team, technical innovation, addressablde market size, competitive positioning, barriers, capital efficiency, and financiakl projections.
The majority of the finaliste are still in the early stagews ofbusiness development. In addition to the financial investment awarded to the bothMenlo Park-based DFJ and San Jose-based Cisco (NASDAQ:CSCO) will assis the winner and finalists in leading the next wave of disruptivw technologies by providing mentorship and professional assessments regarding their submissions. Finalists hail from 15 differengt schools insix countries.
They includde two entries from Stanford Universityg and one each fromRice University, the University of Michigan, UC San Cornell University, University of Southernj California, Fudan University in China, University of Virginia's Dardenj School of Business, Moscow Institute of Physics and Technology in LBS College of Engineering in India, Universituy of Chicago's Booth School of Federal University of Rio de Janeiro in Brazil, Universityg of Maryland, Tel-Aviv University in Israel and UC Irvine.
Saturday, July 9, 2011
Charlene Begley Executive Profile
GE Enterprise Solutions elevates customers' productivity and profitability with integratef solutions using sensorsand non-destructive testing; securitt and life safety technologies; power systemk protection and control; and plant automationj and embedded computing Enterprise Solutions' high-tech, high-growth businesses include Sensing & Inspectio n Technologies, Security, Digital Energy, and GE Fanuc Intelligentf Platforms. The business has 17,000 problem-solving employeess in more than 60 countries arounsthe world. Begley begaj her career at GE in 1988.
She has held a varietg of leadership roles within the company including vice presidentt of operations at GE Capital Mortgage quality leader and chiet financial officer at GETransportation Systems, director of financ for GE Plastics-Europe, vice presidengt of the Corporate Audit Staff and chief executive officer at GE FANUC In January 2003, she was appointede president and chief executive officer of GE Transportation. In July she was named president and chief executivr officer ofGE Plastics. Begley serves on the World Economifc Forum's Young Global Leaders, the GE FANUC Boarr of Directors and the boars of the National Associationof Manufacturers.
She is a graduatw of the Universityof Vermont. She and her husbane have three daughters. **All Executive profile data provided byDow
Thursday, July 7, 2011
YRC says it will shut USF Holland centers in 11 markets - Kansas City Business Journal:
YRC Regional Transportation, a unit of the Overlandx Park-based trucking company (Nasdaq: includes brands USF and . The unit told customers Thursday abour the changesto Holland, YRC said in a Fridauy filing with the Securitiesd and Exchange Commission. The moves are expectes to increase annual operating incomeby $25 milliojn to $30 million, and to result in one-time costs of abouf $8 million to $10 million for employeew severance, lease terminations and other facilities costs. The charge s are expected in thecurrent quarter. The closings affectg about 350 employees, including abouyt 20 in Wichita, the company said in a Employees may be placed in open positions withibnthe company.
YRC will take over Hollande workin Wichita, Kan., and Va., and the Holland service centers will close. New Penn will take over Hollandd work from nine service centers in the marketssof Baltimore; Albany and N.Y.; and Allentown, Bedford, Harrisburg, Philadelphia and Wilkes-Barre, Pa. Customers will get the same pricing and servicwe performance with theHolland partners, the company This isn’t the only integration the compan y has been doing. On March 1, the company finishedx , operating under new brand name YRC. The move was expectee to save $200 million this year. The company estimated that the 37,000-person work force wouldf be cut byroughly 2,000 workers, or about 5.
4 concluding in the In many cases, the units were operatinyg out of different parts of the same facility. The integratiomn is expected to mean about in the second and third YRC Worldwide has been struggling under the weight of a freightr recession that began inlate 2006. On Jan. 29, YRC reporteed a loss of $974.4 million in 2008 and a 7 percentt drop in revenue comparedwith 2007. Last year, it cut more than 12 percenft of itswork force, going from 63,000 employees at the end of 2007 to abouyt 55,000 at the end of 2008. YRC, whicu has about 2,000 local workers, also has implementexd across-the-board compensation reductions in exchange for ownershi inthe company. YRC ranksx No.
2 on the Kansas City Business Journal’s list of area publivc companies.
Tuesday, July 5, 2011
Study shows San Antonio is nation's best-performing city in recession - Wichita Business Journal:
The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’s metropolitamn areas. In the first of a seriex of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrl areas in the country in economic performance in the wake of the Brookings ranked the top 100 metropolitam areas based on six key indicators employment, unemployment rates, wages, gross metropolitan product, housingh prices and foreclosure rates. This initial MetroMonitoer report covers the first quartereof 2009.
The five worstf metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, Fla.; and Detroit. “Alll metropolitan areas are feeling the effects ofthis recession, but the distress is not shared equally,” says Alan Berube, research directoer of the Metropolitan Policy Program at Brookings and co-author of the “While some areas of the country have experiencedr only a shallow downturn, and may be emerging from the recessionh already, people living in metro area s that are now performing weakest economicalluy should prepare themselves for a long recovery period.
” Howard Wial, director of the Metropolitan Economy Initiative at Brookings and anothef co-author of the argues that the report shows that a nationa fiscal and monetary policy will not be enough for stimulatintg the economy. “Many (metro) areas will need targetee assistance, and since statea have no funds available, the federal governmentg will have to step up to fill the Concentrations of industry activity have both helped and hurtse some regional economies duringthe recession. For metropolitan areas in states with specializationws in energy and governmentemploymenrt — such as New Mexico, Oklahoma, Arkansas and Louisiana have largely been insulated by the recession.
However, metropolitan area in states like Michigan and Ohio that depende heavily on the automotive industry have been impacted by the downturn in the thereport shows. San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Forc e Base and Brooks The 2005 Base Realignment and Closure decisionm alone is providing a significant economic puncn to the Alamo City’s economy throughu the consolidation of high-paying military healtb care jobs and more than $2 billio n worth of new construction activity. A separate report releasedx by LLC outlining the impact of BRAC showee that Fort Sam Houston alonse would experiencea 11,50o increase of personnel.
The Army post will also gain 7.9 millionh square feet of space. Construction activity due to BRAC alone shouldrcreate 46,000 construction jobs durinfg the course of the building programs, the DiLuzi report showed.
Sunday, July 3, 2011
Monaco Royal Wedding (Photos) - OregonLive.com
Telegraph.co.uk | Monaco Royal Wedding (Photos) OregonLive.com (15 total photos) 1 of 15 Link to this photo | Comments about this photo essay (0) Guests arrive at the Monaco palace for the religious wedding ceremony of Prince Albert II of Monaco and Charlene Princess of Monaco, Saturday, July 2, 2011. ... A heady mix of stars, royals and world leaders at Monaco wedding Charlene Wittstock and Prince Albert II Monaco Royal Wedding Mystery |
Thursday, June 30, 2011
Paper industry exec joins Northwestern Mutual board - The Business Journal of Milwaukee:
Balboni previously served as chairmanj ofNorthwestern Mutual's policyowners' examining committee, an independent grouo appointed each year to take an impartiak and unrestricted look at the company's operations, management and strategic planning. "John's expertise in strategic information as well as hisstrong management, finance and analytical background, makes him a solid additionh to the Northwestern Mutualo board," said Edward Zore, chairman and chief executive officer of Northwesternj Mutual.
"His career also demonstrates a great dealof flexibility, a skilp that is particularly crucial now as all companieds find themselves adapting to new Balboni has held various roles over a 21-year careeer with Memphis, Tenn.-based International Paper IP), the world's largesgt paper and packaging company.
Tuesday, June 28, 2011
And, as more peopler lose their jobs, that hidden cost is on the The organization defines the hidden health tax as the undisclosedc insurance premium surcharge paidby America’w businesses and insured families when they purchase health insurance. That surcharge subsidizes the uncompensated health care cost ofthe uninsured, according to the which is pushing for healthcare reform. During 2007 and one-third of non-elderly Americans – 86.7 millionh people – went without health insurance for some perioedof time, according to Families USA.
"Today, 46 millio uninsured Americans turn to emergency rooms when they needmedicakl care, and the cost of that care is paid for by everg American with insurance,” said Sen. Max Baucus, D-Mont., chairman of the Senated Finance Committee, in a news Families USA contracted with actuarial firm to calculate the costd of unpaidhealth care. The report foun uninsured people are less likely to get the care they need when theyneed it, and they are more likelt to delay seeking care as long as possible. When they do receivwe care, it is paid for in several Morethan one-third (37 of that care is paid by the uninsured themselves out of theird own pockets.
Third-party sources, such as government programss and charities, paid for an additional 26 percentg ofthat care. The remaining amount, about $42.6 billion in 2008, is considered uncompensated care. Those costs are shifted onto the health care billas ofinsured people, ultimately resulting in the hidden healthb tax through higher
Sunday, June 26, 2011
Continental makes most-delayed list - Denver Business Journal:
Houston-based Continental (NYSE: CAL) flights were on time 72 percenyt of the time duringthe month, followefd by with a 69.4 percent on-timre arrival rate and with 68.6 percent. Best for on-time arrivals was whose flights were ontime 91.1 percentt of the time, followed by at 86.2 percent and at 85.8 according to the Air Travel Consumerr Report, compiled by the DoT’s Bureau of Transportatiobn Statistics. Figures also showed that Continentaol had a problem getting its daily afternoonb flight from Clevelandto Newark, N.J.
to arrive on time in The Houston-based airline’s flight 1567 from Clevelands to Newark’s Liberty International Airport was late 90 percentf of the time duringthe month, according to the Overall, the flight was the fifth-most-delayed duringt April. Leading the list was flight 803 from Atlantato Honolulu, whicgh was late 96.6 percent of the according to the report. The 19 carriers reportesd an overall on-time arrival rate of 79.1 percenft in April, up from 78.4 percent the previous month, and 77.7 percentt in April 2008. Carriers reported that aviation system problemsxdelayed 7.4 percent of flights in up from nearly 7.3 percentr the previous month.
Other common problems includesd late-arriving aircraft and maintenance or crew Weather was to blamefor 44.4 percenty of late flights, up from 37.9 percent for the same montbh in 2008.
Thursday, June 23, 2011
What beer do you serve with an ice cream dessert? - Puget Sound Business Journal (Seattle):
Chef Ethan Stowell is equap tothe task. On the evening of Aprio 12, Union Restaurant in downtown Seattle will servesa seven-course meal that pairs each dish with a Belgian-styles beer. The unusual dining experience likelty willattract convention-goers attending the weeklonv Brewers Association's Craft Brewery Conference and Worl Beer Cup held this year in starting on April 10. Oysters on the half shelkl withcucumber dressing, paired with Blanche de a beer described as slightly sweeft with wheat and coriander notes; Fluke tartares with ginger and green apple, paired with Ephemere a beer noted for its subtle balanc of malt sweetness and tart fruit Grilled branzino with chickpea salac and salsa verde, paired with La Fin du a beer that combines fruit, malt and spics notes; Roasted squab with pear mustard and saba; and Don de a nutty beer that's slightlgy sweet with sake-like notes; Grillec beef loin with morel mushrooms and shallot ragout, servedr with Trois Pistoles, a dark malt beer redolent of ripe fruit and full-bodied spices; Pecorino Toscano with fig marmalade, complemented by Editionb 2004, a richly malty, sweet beer with minty undertone; and, in the pairingv we are finding most difficult to Chocolate terrine with malt ice cream, with a side of a complex beer with a remarkably dry, oaky The beers are from Canadian brewer Unibroue Inc.
, locateed in Chambly, Quebec. Take that, SEC! Normally, filings with the Securities and Exchang Commission are filled with some pretty dry But then, Seattle shipping firm slips in some colorfupl stuff, like this excerpt from its Form 8-K filecd this week. The company trieed to answer a questioj about stock option expense impacts for2006 (related to new Financiall Accounting Standards Rule 123). Its "This simple question, asked in many different ways, is part of the reasohn this Form 8-K was less than In the name offull disclosure, the Form 8-K is also late becauses of the absurd time compression and additionalk effort that now goes into a year-en closing in the Sarbanes-Oxley era, but this has nothinf to do with the answetr to the question.
As a complete aside, we take comfort in knowingg that those who pushed hardest for optiomexpensing ('If it is not compensation, then what is went the cry) will likely get theidr own dose of sunshine next year with new compensatiob disclosures pending before the SEC." Expeditorse officials concluded: "There is currently a great deal of ink and wood pulp beiny devoted to FAS 123R. Much of what is availablw ... is primarily theory at this and a pretty bizarre theory atthat ... As the famoux American philosopher Yogi Berraonce observed, 'Ijn theory there is no difference between theory and In practice there is.
' As we finishe this answer, we realized that Yogi could have done it better." How much is a Pugeg Sound pilot worth? Few would dispute the notiohn that anybody who parallel-parks a ship three times the lengthj of a football field shouled be well paid. But how well paid is anothefr question. And therein lies a wage dispute betweenb Puget Sound Pilots andthe . Pilotws are considered a waterfrony elite, which is why they've always commandesd among the highest wages onthe waterfront. On a dailh basis, they board ships offshore from Port Angelews and guide them into theirf berths at the container ports of Tacomand Seattle.
To win their licenses they must train for many memorizing every foot of their including nearly 200 docks and more than 400 aids to As shipsget bigger, the challengse gets more rigorous. That's one reason Puger Sound Pilots President Richard McCurdy wantse a 28 percent increase in base pay for the 51 pilots who work onPugety Sound, the biggest jump in a decade. McCurdyu contends that the current "targetefd net income" for the $214,665, is 29 percent lowed than the income of other West Coast pilots. He adds that one reasojn the organization needs a raise is to attract already skilled mariners to be trainedas pilots.
"We'rwe in a problem situation right now in whichwe don't have enough pilots. We'rw so strapped for manpower," he "Attracting the proper caliber of marinetr into the system is become very But toMike Moore, vice presidenr of the Pacific Merchant Shipping Association, that's too much of a Moore's organization represents ocean carriers and terminal operators on the West and he's filing a much-lower request with the Washingtoh State Pilotage Commission, which decides the rate Moore contends the local pilots' pay is given the higher cost of living at some othefr ports. He's proposing a 1.59 percent increase in base pay.
"We think our definition of fair and reasonable is a lot more logicalk and supportable than their definition of fair and he said aboutthe "They do very, very Expect more dueling between the two organizationz in the coming weeks. The commissioh is to decide on a new rateMay 11.
Tuesday, June 21, 2011
CSC reorganization aimed at improving efficiency - Rapid City Journal
CSC reorganization aimed at improving efficiency Rapid City Journal Chadron State College is making changes to its academic and service organizational structure to improve efficiency and better serve students and faculty members. Dr. Randy Rhine, CSC vice president for enrollment management and student services, ... |
Sunday, June 19, 2011
Fuel volatility remakes South Florida
Miami-based , the world’s largest marine fuel marketer, has displaceed , the nation’s largest auto retailer, as the biggest compant in South Florida according toannual revenue. The very thinbg that caused turmoil for AutoNation – $4-a-gallon gasoline, followed by frozenm credit markets – is exactly what drove more demands for World Fuel’s businesa model. World Fuel CEO Paul Stebbins said his company isdoiny well, but its $18.5 billion in revenue last year was also heavilg influenced by the sheeer cost of fuel. AutoNation fell to fiftu on theBusiness Journal’s list, with $14.1 billioh in revenue for 2008. In 2007, World Fuel had $13.
y7 billion in revenue, while AutoNatiob reported $17.7 billion. Others in the top five were Juno Beach-basedf energy company , with $16.4 billionb in revenue; Miami-based cruise company and PLC, with $14.6 and Delray Beach-based , with $14.5 Another big mover on the listwas Miami-based homebuilde , which dropped to eightb place after its revenue slipped to $4.6 billioh from $10.2 billion. “The revenue number can be somewhat misleading,” World Fuel’sw Stebbins said. “Like a grocery store, we have huge amountws of revenue going throughour operations, but gross profift line is more our sales line than is revenue.
” Worldx Fuel is not as well known as AutoNatio n or South Florida’s other large It is basically a fuel middleman, handling the details and logisticsw of fuel purchasing for marine and aviation companies around the world. The company handlesz some alternative fuelslike biodiesel, but only in smallk quantities. The fact that a fuel service company displaces AutoNation is notwithout irony. AutoNation CEO Mike Jacksomn has made a second careee out of lobbying and speaking abouft the need forfuel alternatives, possibly fundex by an additional tax on the price of Jackson has formed a friendship and informa alliance with energy tycoon T.
Booner Pickens, author of the self-publicized Pickens Plan for energy Crude oil was generallyunder $25 a barrel from the mid-1980x to 2003. The price rose to $30 in 2003 and to $60 by peaking at $147 in July 2008. The economi c crash of late 2008 sent the pricetumblinfg again. “May of 2008 was a catastrophic event for the auto Jackson told the Business Journal latelast “It did bring about the largest chang in consumer sentiment in the history of the That’s what I was trying to staver off – unsuccessfully.
” Doral-based World Fuel has 44 offices in 23 It has about 1,20 employees worldwide, including 400 in Soutn Florida, but Stebbins said that number has been growing “Strategic procurement of fuel …. It used to be just callinb suppliers and placingan order, but now it’xs this huge cost center and highlhy volatile,” Stebbins said. “It can really ruin your day ifyou don’ft get it right.” Others have noticed Worlf Fuel’s rising prominence.
Analyst Tanjilaa Shafi of Standard & Poor’sa recently told Investor’s Business Daily that customerz believe World Fuel has the expertise in gettingy the right type of oil at the right analyst Alexander Brand said World Fuel also gets good credit terms from the major oil World Fuel recently reported its fourth quarter net incom was up 56 percent fromthe prior-year Fourth quarter earnings rose, even as revenued dropped sharply, to $2.9 billion from $4.1 billiomn in the fourth quarter of 2007. Fuel prices skyrocketed throughout much of 2008 before plummetingt inthe fall. Stebbins describes Worled Fuelas “not really an oil just a pass-through company.
I don’tr have tank farms and barges and refineries, I just have a bunchu of people.” The company is focused on a particuladr areaof knowledge, or “domain expertise.” Stebbinz said people turn to World Fuel becausr he has acquired experts on fuel procuremeng in many markets.
Friday, June 17, 2011
Poll finds many types of vacation stress - Silicon Valley / San Jose Business Journal:
About 27 percent who took the onlinr survey between May 26 and June 2 said havingv too much to do befores taking off caused them themost anxieties. Aboutr the same number checked off theincredulous response, "What One in five said there is always too much to do when you Only about 12 percent worried about lettintg somebody else take over their duties while they were Another 12 percent said they don't feel stressed out about theitr vacations.
"A vacation is just doing work somewherew else," wrote reader Clinton "Today's gadgets make you available and able to do work any any place andyour 'customers' usually expect Another reader, Andy Zorio, "Your list of answers isn't You should have included 'Planning/coordinating Vacations aren't usually taken in a either. Unless you're single, a true (rather than vacation has to considera spouse's and perhapas children's schedules — not a stress-free exercise.
" "Sincre most working people have been asked to do more take on greater responsibility and multitask there is no "clean" way to turn it all off for 10-14r days and simply walk away from wrote David Dennard. "So, you have PDAs, laptopsd and the constant use of cell phones to checkm inon 'how things are going' back at work and to be availabler to 'put out fires,' " he continued.
"It'xs no way to actually take a which is in itself is oftema big, stressful production and coordination project similar to a traded show, only with your family as the client instead of with your
Tuesday, June 14, 2011
Critics call out Cincinnati Yellow Pages deal - San Antonio Business Journal:
, a Denver company that has owned the rightas tothe region’s largest Yellow Pages producty since 2002, blames the delag on printer changes and organizational About 140 of its 900 directories are being delayed nationwide. Cincinnati is the largest market affected. “It’s a stinking deal,” said Brenda controller for inClermont County. Hacker was planninh to downsizeher company’s ad in a directory she though t would be published in June. When she called the company in May to confirm the she was told it was exercising its contractuakl right to extendlast year’s Hacker said it will cost her company an extrs $700 each month.
“It’s just not right, what they’rw doing to people,” she said. Local Insight spokeswoman Pat Nichols said 75 percent ofits 10,0090 local customers will be unaffected by the Those are companies that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is askint business owners angered by the delay to call the company’w customer service line, (888) 237-8570, although it’zs not clear what steps the company will take to address “If the product’s not delivering valuw to them, our customedr service department is prepared to talk to those Pomeroy said.
“I think it’s evaluated on a case-by-case The directory delay comes at a time of turmoik for Yellow Pagespublisherds nationwide. The recession is accelerating a trendc that has long threatened theindustryh – the shift of so-called “directional from print publications to online searc h engines and mobile phones. The , a subsidiargy of , is projecting total revenue will shrinkto $11 billiojn for Yellow Pages publishers by down from $14.4 billion in 2008. A year ago, the Kelsegy Group was forecasting a compoun annual growth rate for the industryof 4.5 Now, it’s minus 5 percent.
“The recession has driven print sodeeplu negative,” said Charles Laughlin, senior vice president and prograj director of the Kelsey Report. Laughlin said growth in digital revenue might never make up for salesa lost inprint publications. “Those who downsize, will they start spending agaimn once thesmoke clears? It’s probably next year before we know,” he Laughlin said most of the nation’ largest Yellow Pages markets are seeing revenud dips of more than 20 percent this year. Pomero y declined to reveal numbers for Cincinnat i but said the revenued dropis “nowhere near” 20 perceny here.
He said companywide revenue was flat in standing atroughly $700 million. Laughlin declinec to reveal Kelsey’s future outlook for Cincinnati, which is dominated by Local Insightt but includes asecond directory, the Yellow Book, published by of England. The industry’s major players, includinbg spinoff Idearc andthe better-known , are strugglinf through the recession with heavt debt loads.
Local Insight also has leverag issues, but its focus on smaller markete has helped temper the impactr of the recession onthe company, said Emile a credit analyst for “Idearc has filed for bankruptcy, and Donnelley has misseds interest payments on debt with various Local Insight has not. From a strictt financial-metrics point of view, they’re the healthier of the Courtney said. S&P revised to its outlook on Local Insight but retained a rating on its corporate debt in a March 31 At least one ofthe company’s local customers has a less positivd outlook.
“I think they’re really in The phone book isa dinosaur, and nobody’s usint it any more,” said Vicky exclusive marketing agent for Bezak estimated the directory delay woulr cost her company $300 a month if she pays it. “I’j going to call Cincinnati Bell and tell them that my contracrwith (Local Insight) terminates on June 1, and I’mj not paying the ad costs listed on my curren bill because I didn’t renew it,” she said. Cincinnati Bell servees as the billing agent for Local Insighg and permits the use of its brand name as part of a rightds agreement signed when it sold its YellowPages , in 2002.
But Cincinnatj Bell is not involved inthe company’s operations otherwise, according to Lisa McLaughlin, a public relations consultant for
Sunday, June 12, 2011
Fairfax Co. OKs Springfield Mall, affordable housing project - Kansas City Business Journal:
(NYSE: VNO) can now move forward with its massive transformatiobn ofthe 30-year-old Springfield Mall. The developer will add 175,00p0 square feet of new retail space, 2,200 homese near the Franconia-Springfield Metro and VRE station, a 225-roo hotel and about 1.1 millioj square feet of new office space tothe 80-acr site. The new mall, to be knownj as Springfield Town Center, will also includse parks, courtyards, bike lanes, farmer’s market spaces and outdoor recreational courts. Construction could begin as soon as permitare secured, but it’zs likely Vornado will move slowly givemn the economy. It is expected to take 10 to 15 yearse to completethe redevelopment.
LLC, the new venture by formetr JPI officials Greg Lamb and Jim Butz andAkridger executives, will develop the Fair Lakes project, an affordabler housing development that will sit next to the Fairfasx Government Center. The county will hand over 9 acresof county-owned land to the developef for 270 moderately-priced units known as The Residences at the Government But some criticized the deal, saying the rentapl income limits, which range from $50,000 a year to $100,000 a were too high and, therefore, not consistent with the board’ds mission to offer affordable housing to the poor and No timetable for construction of the apartments was
Friday, June 10, 2011
Blagojevich Retrial Nears Conclusion - NPR
Politico | Blagojevich Retrial Nears Conclusion NPR CONAN: A whopper is one of the conclusions. PEARSON: Yeah, very much so. And re » |