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 |