Escaped Goats Granted Pardon MyFox Washington DC (NewsCore) - Goats who escaped from an Oslo slaughterhouse earned a reprieve and a possible new summer job, Norwegian broadcaster NRK reported Thursday. Ten goats made their bid for freedom from Fatland slaughterhouse on Tuesday morning after jumping ... |
Thursday, June 30, 2011
Escaped Goats Granted Pardon - MyFox Washington DC
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Tuesday, June 28, 2011
Red Roof restructuring debt after mortgage defaults - Business First of Columbus:
tower-tennesseea.blogspot.com
Horsham, Pa.-based , a ratingsx agency that trackscommercial mortgage-backed securitiex for investors, said four of the company’a mortgage loans have been reported to be 30 days delinquenf and are being transferred to a special servicer. Frano Innaurato, a managing director at Realpoint, said the loans, collateralized by 131 Red Roof properties, totap about $361.4 million. Red Roof has four smallee mortgage loans totalingaboutt $12.
5 million that are current, according to a Realpointy alert issued late The hotel chain said it is in talksd with lenders to restructure debt related to the acquisition of the company’xs real estate assets “due to the currenr state of the lodging Red Roof in 2008 was spun off to two private investment firms for $1.3 billion and moved back to Columbus after beinv owned by Motel 6 owner “To date, discussions have been highlyy constructive and we expect a positive resolution in due course,” the company said in a statement.
“These discussions do not affectgthe day-to-day operations of the company’es properties and will not affec Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswomahn declined to comment beyond the company’s Red Roof has about 4,500 employees and abouf 350 company-owned and franchised properties.
Horsham, Pa.-based , a ratingsx agency that trackscommercial mortgage-backed securitiex for investors, said four of the company’a mortgage loans have been reported to be 30 days delinquenf and are being transferred to a special servicer. Frano Innaurato, a managing director at Realpoint, said the loans, collateralized by 131 Red Roof properties, totap about $361.4 million. Red Roof has four smallee mortgage loans totalingaboutt $12.
5 million that are current, according to a Realpointy alert issued late The hotel chain said it is in talksd with lenders to restructure debt related to the acquisition of the company’xs real estate assets “due to the currenr state of the lodging Red Roof in 2008 was spun off to two private investment firms for $1.3 billion and moved back to Columbus after beinv owned by Motel 6 owner “To date, discussions have been highlyy constructive and we expect a positive resolution in due course,” the company said in a statement.
“These discussions do not affectgthe day-to-day operations of the company’es properties and will not affec Red Roof’s employees, vendors or franchise owners.” A Red Roof spokeswomahn declined to comment beyond the company’s Red Roof has about 4,500 employees and abouf 350 company-owned and franchised properties.
Sunday, June 26, 2011
Zardari calls for effective steps for narcotics control - Associated Press of Pakistan
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Zardari calls for effective steps for narcotics control Associated Press of Pakistan ISLAMABAD, Jun 26 (APP): President Asif Ali Zardari has said that the democratic government is according highest priority to combat narcotics and has also taken several steps to control the menace through effective policy.In a message on International ... |
Thursday, June 23, 2011
Accounting for change - Kansas City Business Journal:
http://crutchfieldlx9500.com/Whats-Hot/Valvoline-Engine-Oil/
On the one hand, switching to International Financiakl Reporting Standards will bring the United States in line with more than 100 including allof Europe. On the other, the shiftf will necessitate a massive curriculum overhaul in Americanh colleges that prepnew CPAs. That kind of institutionakl change can be aclunky undertaking. CPAs and the professors who teachb them have been doing business undert Generally Accepted Accounting Principles forseven decades. The “generally accepted” part appliese to the U.S. where the unique system of financial reporting has pilede rule on top of rule to accumulatse nine inches of wisdomin width.
The internationao standards, by contrast, are only two inchea thick, which should come as a welcome statisticf forcollege students. The standards are described as more which would mean a shift in accountant trainingh froma fact-finding discipline to an analyticakl one. Dmitri Shiry, a partner at , describes it like “The profession is going from multiple choice to an And it’s moving full speed ahead, he The urgency comes from an August decision from the to pursue a towards adopting the international standards as earlgy as next year for some public companies. Talk of converging U.S.
GAAP and IFRS has been around for with the and the SEC attemptingy to blend international rules withthe nation’x standards. So it came as somewhat of a jolt when the SEC announcedr it would begin an IFRS evaluation processw with the goal of adoptingy the standards and mandatinvg all public companies to use themby 2014. That’ws a lot to cram for the nation’ds accounting professors. A survey of 535 accounting professors this summer showed that fewer than a quarteer felt comfortable integrating IFRS into their teaching practice thisacademic year. More than half said that they had made no substantiak plans todo so, according to the survey, which was conducteed by the and .
Professor Joni Young, chaier of the accounting department at the Anderson School of Managementr atthe , says Anderson is well aware of the impendinv changes and is working to incorporate more instruction on internationalk standards into the curriculum. However, she it has been difficult todo so, in part becauss the details of the merged standardas have not been fully worked out, but also because it is uncleare how much the new standards will impact accounting for non-public which dominate in New Mexico. Younb says there is likely to bea trickle-dowbn from the new standards for the privated companies and nonprofits that make up most of this state’as business community.
But how much, at least so far, is She also noted that the move towardx convergence could be sloweddown — or sped up — by the current financial crisis. That said, Anderson still appears to have a jump on many ofits “One of the things you have to understan d is that at schools like Anderson, with a separatde accounting accreditation, the has pushed schoolz to start to highlight the difference between GAAP and Young says. “That’s something we’ve begunh to add in our intermediateaccounting classes, and it will becomr more refined over time.
” Young noted the school already has an international accounting taught once a year for master’s degree studentsz — something that is not includedr in many schools’ programs. Because the terrain ahear is stillso undefined, for now she doesn’t detail for students how the change will impact them, but just tell s them that “yes, it does matter.” Some accounting firms, anxiouz for future recruits to be familiar with the new standards, are beginningy to take the matter into their own Last August, Pete Mendes, an audit partner with KPMG who coordinates the firm’s recruiting effort at the , led two handfuls of Pitt professors through an introductory session on this month, he will make a serieas of appearances before juniors and seniors in Pitt’ws accounting program.
On the one hand, switching to International Financiakl Reporting Standards will bring the United States in line with more than 100 including allof Europe. On the other, the shiftf will necessitate a massive curriculum overhaul in Americanh colleges that prepnew CPAs. That kind of institutionakl change can be aclunky undertaking. CPAs and the professors who teachb them have been doing business undert Generally Accepted Accounting Principles forseven decades. The “generally accepted” part appliese to the U.S. where the unique system of financial reporting has pilede rule on top of rule to accumulatse nine inches of wisdomin width.
The internationao standards, by contrast, are only two inchea thick, which should come as a welcome statisticf forcollege students. The standards are described as more which would mean a shift in accountant trainingh froma fact-finding discipline to an analyticakl one. Dmitri Shiry, a partner at , describes it like “The profession is going from multiple choice to an And it’s moving full speed ahead, he The urgency comes from an August decision from the to pursue a towards adopting the international standards as earlgy as next year for some public companies. Talk of converging U.S.
GAAP and IFRS has been around for with the and the SEC attemptingy to blend international rules withthe nation’x standards. So it came as somewhat of a jolt when the SEC announcedr it would begin an IFRS evaluation processw with the goal of adoptingy the standards and mandatinvg all public companies to use themby 2014. That’ws a lot to cram for the nation’ds accounting professors. A survey of 535 accounting professors this summer showed that fewer than a quarteer felt comfortable integrating IFRS into their teaching practice thisacademic year. More than half said that they had made no substantiak plans todo so, according to the survey, which was conducteed by the and .
Professor Joni Young, chaier of the accounting department at the Anderson School of Managementr atthe , says Anderson is well aware of the impendinv changes and is working to incorporate more instruction on internationalk standards into the curriculum. However, she it has been difficult todo so, in part becauss the details of the merged standardas have not been fully worked out, but also because it is uncleare how much the new standards will impact accounting for non-public which dominate in New Mexico. Younb says there is likely to bea trickle-dowbn from the new standards for the privated companies and nonprofits that make up most of this state’as business community.
But how much, at least so far, is She also noted that the move towardx convergence could be sloweddown — or sped up — by the current financial crisis. That said, Anderson still appears to have a jump on many ofits “One of the things you have to understan d is that at schools like Anderson, with a separatde accounting accreditation, the has pushed schoolz to start to highlight the difference between GAAP and Young says. “That’s something we’ve begunh to add in our intermediateaccounting classes, and it will becomr more refined over time.
” Young noted the school already has an international accounting taught once a year for master’s degree studentsz — something that is not includedr in many schools’ programs. Because the terrain ahear is stillso undefined, for now she doesn’t detail for students how the change will impact them, but just tell s them that “yes, it does matter.” Some accounting firms, anxiouz for future recruits to be familiar with the new standards, are beginningy to take the matter into their own Last August, Pete Mendes, an audit partner with KPMG who coordinates the firm’s recruiting effort at the , led two handfuls of Pitt professors through an introductory session on this month, he will make a serieas of appearances before juniors and seniors in Pitt’ws accounting program.
Tuesday, June 21, 2011
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - New Mexico Business Weekly:
vlastaowibopaj.blogspot.com
U.S. Army officials workes feverishly over the past week topull St. John Propertiesd into the fold, fearful the project would come to a halt if Opus East filec for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephoner interview Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-startr this right away.” Aberdeen is gearing up for a significantg influx of military jobs underrthe Pentagon’s Base Realignmen t and Closure plan, expected to be completecd by September 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,009 private contracting jobs from companies that do business with the incomin military agencies. The approvede Opus East's selection of St. John Properties to take over the Governmentt and Technology Enterprise business park because of theBaltimor developer’s ability to move forwards with new construction, Bob Penn, program director with the Army said in a statement. As in takinv over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awarded rights to develo pthe government-owned land under a leas with the Army in November 2007 and brokr ground on its first building in Decemberr of that year. Since the company became straddled with millionsw of dollars in construction loans it has been unable to and the company has not started any new constructionj at the project for more thana year. The deal was inked June 19 betweenOpus East, St. John Properties, with the backingg of the Army. St. John and the Army Corpsw of Engineers issued statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undisclosex amount of money for its developmen t rightsat Aberdeen. In connection with the St.
John has hired Opus East projectg manager Matthew Holbrook to oversee the GATE projectr as its director of defense andgovernment “Aberdeen Proving Ground is excitee about moving the project forward with St. John Properties,” Tim APG deputy garrison commander, said in a “We consider it a positive step to have theie experienced management team spearheadingthe build-outy of this project.” As the to help it considet options including bankruptcy. Its parent company, , has also soughft bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariees of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is stil l evaluating its options but has not made any decisionzabout bankruptcy. The company was forced to relinquisb its rights to the Aberdeen project because it has been unable to finance morethan $50 million in construction loans it took out to finance its projects. Most pressinf among those debtsis $35 million the developer spent to builfd a new headquarters for the National Oceani and Atmospheric Administration in College Park, for whicj it has sued the federal government to collecrt its wages on that Hewett said. St.
John plans to breaj ground in the next two months on at least threew new buildings at the Harfordd Countymilitary base, with commitmentd from defense contractors for up to 300,00 0 square feet of office, research and development space, Wit said. Wit did not disclosw the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-foot buildingt Opus East completed in December 2008 for defense contractor CACI. “We view this development as the most significant commerciakl real estate opportunity in the history ofour St. John President Edward A. St.
John said in a “This is based on the amount of squarr footage that can eventually be developedx as well as the important work that will be completesby end-users that occupy this space.” St. John Propertiese is the third-largest property management firm in Greater with nearly 11 million squars feet of commercial space inthe region. But takinyg over the Aberdeen project represents a shifty forthe company, which has sought to tap into the demandc for government contracting space up until now.
Wit said the compant has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily receivec commitments from firms seeking spacde atits 413-acre Government and Technologu Enterprise business park but did not start any additionall construction. The developer was unwillinv to divide any of its buildingsinto multi-tenanted space, Wit said, preferrin instead to construct buildings for a single tenant. That’s createfd a pent-up demand for companies seekingffrom 5,000 square feet to upward of 20,000 squard feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’t have the placd to park those people, if you don’t have the buildinges to put them in, there was going to be a real logisticao problem.”
U.S. Army officials workes feverishly over the past week topull St. John Propertiesd into the fold, fearful the project would come to a halt if Opus East filec for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephoner interview Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-startr this right away.” Aberdeen is gearing up for a significantg influx of military jobs underrthe Pentagon’s Base Realignmen t and Closure plan, expected to be completecd by September 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,009 private contracting jobs from companies that do business with the incomin military agencies. The approvede Opus East's selection of St. John Properties to take over the Governmentt and Technology Enterprise business park because of theBaltimor developer’s ability to move forwards with new construction, Bob Penn, program director with the Army said in a statement. As in takinv over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awarded rights to develo pthe government-owned land under a leas with the Army in November 2007 and brokr ground on its first building in Decemberr of that year. Since the company became straddled with millionsw of dollars in construction loans it has been unable to and the company has not started any new constructionj at the project for more thana year. The deal was inked June 19 betweenOpus East, St. John Properties, with the backingg of the Army. St. John and the Army Corpsw of Engineers issued statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undisclosex amount of money for its developmen t rightsat Aberdeen. In connection with the St.
John has hired Opus East projectg manager Matthew Holbrook to oversee the GATE projectr as its director of defense andgovernment “Aberdeen Proving Ground is excitee about moving the project forward with St. John Properties,” Tim APG deputy garrison commander, said in a “We consider it a positive step to have theie experienced management team spearheadingthe build-outy of this project.” As the to help it considet options including bankruptcy. Its parent company, , has also soughft bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariees of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is stil l evaluating its options but has not made any decisionzabout bankruptcy. The company was forced to relinquisb its rights to the Aberdeen project because it has been unable to finance morethan $50 million in construction loans it took out to finance its projects. Most pressinf among those debtsis $35 million the developer spent to builfd a new headquarters for the National Oceani and Atmospheric Administration in College Park, for whicj it has sued the federal government to collecrt its wages on that Hewett said. St.
John plans to breaj ground in the next two months on at least threew new buildings at the Harfordd Countymilitary base, with commitmentd from defense contractors for up to 300,00 0 square feet of office, research and development space, Wit said. Wit did not disclosw the names of any ofthose tenants. Those buildings would be in addition toa 60,000-square-foot buildingt Opus East completed in December 2008 for defense contractor CACI. “We view this development as the most significant commerciakl real estate opportunity in the history ofour St. John President Edward A. St.
John said in a “This is based on the amount of squarr footage that can eventually be developedx as well as the important work that will be completesby end-users that occupy this space.” St. John Propertiese is the third-largest property management firm in Greater with nearly 11 million squars feet of commercial space inthe region. But takinyg over the Aberdeen project represents a shifty forthe company, which has sought to tap into the demandc for government contracting space up until now.
Wit said the compant has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily receivec commitments from firms seeking spacde atits 413-acre Government and Technologu Enterprise business park but did not start any additionall construction. The developer was unwillinv to divide any of its buildingsinto multi-tenanted space, Wit said, preferrin instead to construct buildings for a single tenant. That’s createfd a pent-up demand for companies seekingffrom 5,000 square feet to upward of 20,000 squard feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’t have the placd to park those people, if you don’t have the buildinges to put them in, there was going to be a real logisticao problem.”
Sunday, June 19, 2011
Some business owners willing to expand despite economic unrest - Kansas City Business Journal:
bakakinkorypon.blogspot.com
“It’s not a good time to be expandingvexisting businesses, let alone starting a new one,” says Joe public information officer for the . The studyg by the showed 74 percent of respondents said they woulf not consider starting a business in the next five The foundation surveyed a national samplee of816 registered, likely voterw with a margin of error of 3.4 But at least two local small businessw owners appear to be in the Bill Ramsey and Beth Tully, whos businesses are different, share similar perspectives about the locap business environment.
They say business is good because Wichita’sa economy is stronger than it is But they understand why people would be reluctangt to start a business because of the economicx uncertainty and tightening oflending standards. “Its a scary time right now and people are wonderinhg whatto do,” Ramsey says. Ramsey startec The Bill Guy Technology Solutions a week before the terrorist attackzsof Sept. 11, 2001. Tully took a leap of faith in November 2005, leaving the corporate world to run Cocoq DolceArtisan Chocolates. Despite the economicd uncertainty and tightercredit regulations, Ramset and Tully agree their businesses wouldn’t be where they are todahy without some risk.
“I think small busines s is not for the weakof heart, you have to be a littled bit of a risk taker,” Tullgy says. She took a risk in Augusrt when Cocoa Dolce moved into its newproductioh building, an 1,875-square-foot site at 3540 N. Comotaras St. The move allowed the retail operations to expand at the 37th Street North and RockRoad location. But if she had to make that call now, Tully says she would have gotsomethingg smaller. She says addint space was the righ t decision because it allows her businessto “We expanded because we were at criticalp mass with our space,” she “We wouldn’t be able to get througjh another holiday season without expanding.
” Ramsey, says he won’t let economic uncertainty effect his business. “Thee smart person is going to be lookiny for opportunities in times like he says. Ramsey says he continues to invest money in growinghis business. He also is looking at additional business ventures in the nextfive years, but declined to give anythinyg specific. How the credit crunch will affect his plans is Ramsey says.
“It’s not a good time to be expandingvexisting businesses, let alone starting a new one,” says Joe public information officer for the . The studyg by the showed 74 percent of respondents said they woulf not consider starting a business in the next five The foundation surveyed a national samplee of816 registered, likely voterw with a margin of error of 3.4 But at least two local small businessw owners appear to be in the Bill Ramsey and Beth Tully, whos businesses are different, share similar perspectives about the locap business environment.
They say business is good because Wichita’sa economy is stronger than it is But they understand why people would be reluctangt to start a business because of the economicx uncertainty and tightening oflending standards. “Its a scary time right now and people are wonderinhg whatto do,” Ramsey says. Ramsey startec The Bill Guy Technology Solutions a week before the terrorist attackzsof Sept. 11, 2001. Tully took a leap of faith in November 2005, leaving the corporate world to run Cocoq DolceArtisan Chocolates. Despite the economicd uncertainty and tightercredit regulations, Ramset and Tully agree their businesses wouldn’t be where they are todahy without some risk.
“I think small busines s is not for the weakof heart, you have to be a littled bit of a risk taker,” Tullgy says. She took a risk in Augusrt when Cocoa Dolce moved into its newproductioh building, an 1,875-square-foot site at 3540 N. Comotaras St. The move allowed the retail operations to expand at the 37th Street North and RockRoad location. But if she had to make that call now, Tully says she would have gotsomethingg smaller. She says addint space was the righ t decision because it allows her businessto “We expanded because we were at criticalp mass with our space,” she “We wouldn’t be able to get througjh another holiday season without expanding.
” Ramsey, says he won’t let economic uncertainty effect his business. “Thee smart person is going to be lookiny for opportunities in times like he says. Ramsey says he continues to invest money in growinghis business. He also is looking at additional business ventures in the nextfive years, but declined to give anythinyg specific. How the credit crunch will affect his plans is Ramsey says.
Thursday, June 16, 2011
Seventeenth Street Plaza sold to HRPT - Denver Business Journal:
http://safershopping.org/consumer/faq.htm
Newton, Mass.-based HRPT (NYSE: HRP), a real estat investment trust that owns and operates office and industrial paid cash forthe building. The salez price was not announced. Seventeenth Street Plaza is located at 122517th St., acrossa from the Tabor Center retail and hotel complex. It was developede by what’s now Joned Lang LaSalle Inc. of and was completed in 1982. Previous owners include Equitabler Real Estate InvestmentManagementt Inc. (ERE), part of the Equitable insurance company. Australianh real estate giant LendLease Corp. Ltd. took over the building in the 1990s after itacquiredr ERE.
JPMorgan quietly put the building on the market inearlhy 2008, asking $385 per square foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Torontl had the building under contract to purchase last summerfor $225 but the deal was not consummated becaus of the debt crisis’ impacf on Brookfield’s lender, said real estate brokers knowledgeable about the deal. As of October, the buildintg was off the market. The building, with an attaches parking structure, is 93 percent leased and includes Ink! Coffewe and Heidi’s Brooklyn Deli outlets. It is home to the headquarterzs of Molson CoorsBrewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estat investment trust that owns and operates office and industrial paid cash forthe building. The salez price was not announced. Seventeenth Street Plaza is located at 122517th St., acrossa from the Tabor Center retail and hotel complex. It was developede by what’s now Joned Lang LaSalle Inc. of and was completed in 1982. Previous owners include Equitabler Real Estate InvestmentManagementt Inc. (ERE), part of the Equitable insurance company. Australianh real estate giant LendLease Corp. Ltd. took over the building in the 1990s after itacquiredr ERE.
JPMorgan quietly put the building on the market inearlhy 2008, asking $385 per square foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Torontl had the building under contract to purchase last summerfor $225 but the deal was not consummated becaus of the debt crisis’ impacf on Brookfield’s lender, said real estate brokers knowledgeable about the deal. As of October, the buildintg was off the market. The building, with an attaches parking structure, is 93 percent leased and includes Ink! Coffewe and Heidi’s Brooklyn Deli outlets. It is home to the headquarterzs of Molson CoorsBrewing Co.
Tuesday, June 14, 2011
PNC 1Q earnings increase - Dayton Business Journal:
ycoguqi.wordpress.com
Pittsburgh-based (NYSE:PNC), which acquired National City last said itearned $530 million in the firsrt quarter, up from $384 million a year ago. The bank durinf the quarter also paidout $47 millionn in preferred stock dividends to the after receiving a $7.7 billion investment through the Capitao Purchase Program in December. The dividend payout help push PNC’s earnings attributabler to shareholders downto $460 million, up 22 percent from earnings last year. The preferree stock payout also diluted share earnings to downfrom $1.09 last Analysts on average had been expectiny PNC’s first-quarter per-share earnings to total 42 cents.
The additionj of National City, Central Ohio’s fourth-largest bank by area pushed PNCto top-line gains. Net interesf income jumped to $2.31 billion from $854 millionj and non-interest income from fees grew 62 percenfto $1.57 billion. After PNC’s provision for creditt loans ballooned in the fourth quarter to accountg forNational City, the bank recorder $880 million in set-asides for the firsr three months. That’s nearly six timez the $151 million in credit-loss provisions recorded a year ago. PNC’s total assets were $286 billion as of Mar. 31, down from $291 billiobn on Dec. 31.
The decrease was attributed to declinesin cash, trading securities and short-ter investments. The decline was somewhat offset by an increasse ininvestment securities.
Pittsburgh-based (NYSE:PNC), which acquired National City last said itearned $530 million in the firsrt quarter, up from $384 million a year ago. The bank durinf the quarter also paidout $47 millionn in preferred stock dividends to the after receiving a $7.7 billion investment through the Capitao Purchase Program in December. The dividend payout help push PNC’s earnings attributabler to shareholders downto $460 million, up 22 percent from earnings last year. The preferree stock payout also diluted share earnings to downfrom $1.09 last Analysts on average had been expectiny PNC’s first-quarter per-share earnings to total 42 cents.
The additionj of National City, Central Ohio’s fourth-largest bank by area pushed PNCto top-line gains. Net interesf income jumped to $2.31 billion from $854 millionj and non-interest income from fees grew 62 percenfto $1.57 billion. After PNC’s provision for creditt loans ballooned in the fourth quarter to accountg forNational City, the bank recorder $880 million in set-asides for the firsr three months. That’s nearly six timez the $151 million in credit-loss provisions recorded a year ago. PNC’s total assets were $286 billion as of Mar. 31, down from $291 billiobn on Dec. 31.
The decrease was attributed to declinesin cash, trading securities and short-ter investments. The decline was somewhat offset by an increasse ininvestment securities.
Sunday, June 12, 2011
Ingenious Med Experiences Impressive Growth in First Quarter 2009
ywyjihu.wordpress.com
Ingenious Med originated as a company dedicate tohospitalist revenue-cycle, but has developed into a leader in generall practice management functionality within the inpatientt market as a whole. IM continuex to dominate the hospitalist market whilr also rapidly expanding its presencew in the inpatient sector by addingspecialtyu groups, national health systems, academic organizations and national management IM Practice Manager has proven to work with most inpatienf specialties as well as retain its reputation as an enterprise-widew software solution.
In the first quarter of Ingenious Med added a wide variety ofclientds including: Southern Illinois Hospitalist Group in Illinois Virtua Health in Marlton, New Jersey Overlake Medical Clinics, LLC in Bellevue, Washingtoh Gwinnett Pulmonary Group in Lawrenceville, Georgia Upstatr Lung & Critical Care Specialists in Spartanburg, Southu Carolina Zenith Hospitalists in Las Vegas, Nevada In addition to a substantiaol increase in new client sales, the firstf quarter has also resulted in significanr growth from existing clients including numerous additional sites for TSG Resources and Hospitalist Servicews Medical Group, as well as "Building on our strong revenu e performance in 2008, we are extremel pleased with our overall growth the first quarter of 2009 alone," states Hart Williford, Ingenious Med'se CEO.
"We continue to dominate the inpatient practice management marker withnearly 100% physician product adoption and 97% clienr retention rates. All of this is due to an excellencsin ergonomics, ease of use & enterprise-levelp client support. We are committed to customer service and providinhg services that go beyond the normal expectations of asoftwar company. We are aggressively growing our supporrt and development teams in order to achieve our visionh of dominating theinpatient market. With all that we are the opportunities are endless for even more aggressivecustomed expansion.
" The Southern Illinois Hospitalisr Group provides inpatient care at Memoria Hospital in Belleville, IL, and the grouop cares primarily for patients who are admitted via the Emergency and do not have a primary care physiciahn on staff. In addition, local physiciah outpatient practices have developed an alliance with Southern Illinoisx Hospitalist Group in order to improve the level of inpatient care provided for theoutpatient physicians' established patients. The group's hospitalist physicians also care for patients at the MemorialConvalescent Center, a 108 bed skilledx nursing and rehabilitation center. Virtua Health is a multi-hospitalo healthcare system headquarteredin Marlton, NJ.
Its missionb is to deliver a world class patient experiencre through its programs of excellencein women'a health, children's health, cancer/oncology, cardiovascular neurosciences, orthopedics, surgery and Virtua employs 7,900 clinical and administrativse personnel and has 1,800 physicians as medical staff Virtua has distinguished itself as one of the firsf Six Sigma organizations in health as an early adopteer of clinical and digital and for its innovative partnerships with nationally renowned organizations. About Overlakee Medical Clinics, LLC Overlake Medical Center, located in WA, is a 337-bed medical center distinguished forits surgical, cancer and women's services.
The hospital treatsw more than 56,000 emergency patients, 243,0000 outpatients and 17,000 inpatientsa each year, while welcoming more than 4,000 babiews into the world. The Overlake team includesz approximately 2,300 employees, 875 physiciands and over 500 volunteers. About Ingeniousa Med, Inc. Founded in 1999 by a grou of practicinginpatient physicians, Ingenious Med is an industry-leadin inpatient practice management solution to thousands of users in more than 500 facilitied across the United States.
Ingeniou Med's all-inclusive product, IM Practice Manager(TM), is an Internet-baseed application enabling inpatient physicianse tocapture charges, optimize documentation, enhancwe coding and compliance, improve quality of increase revenue and communicate digitally. In the program aggregates management data separately from the hospitalinformatiom system, so individual physician and total departmeny performance can be accurately evaluated. Ingenious Med is the leader in inpatieny practicemanagement solutions, supporting all inpatiengt specialties and practices. For more detailed informationn onIngenious Med, visit or call 404.815.0862.
SOURCEd Ingenious Med, Inc
Ingenious Med originated as a company dedicate tohospitalist revenue-cycle, but has developed into a leader in generall practice management functionality within the inpatientt market as a whole. IM continuex to dominate the hospitalist market whilr also rapidly expanding its presencew in the inpatient sector by addingspecialtyu groups, national health systems, academic organizations and national management IM Practice Manager has proven to work with most inpatienf specialties as well as retain its reputation as an enterprise-widew software solution.
In the first quarter of Ingenious Med added a wide variety ofclientds including: Southern Illinois Hospitalist Group in Illinois Virtua Health in Marlton, New Jersey Overlake Medical Clinics, LLC in Bellevue, Washingtoh Gwinnett Pulmonary Group in Lawrenceville, Georgia Upstatr Lung & Critical Care Specialists in Spartanburg, Southu Carolina Zenith Hospitalists in Las Vegas, Nevada In addition to a substantiaol increase in new client sales, the firstf quarter has also resulted in significanr growth from existing clients including numerous additional sites for TSG Resources and Hospitalist Servicews Medical Group, as well as "Building on our strong revenu e performance in 2008, we are extremel pleased with our overall growth the first quarter of 2009 alone," states Hart Williford, Ingenious Med'se CEO.
"We continue to dominate the inpatient practice management marker withnearly 100% physician product adoption and 97% clienr retention rates. All of this is due to an excellencsin ergonomics, ease of use & enterprise-levelp client support. We are committed to customer service and providinhg services that go beyond the normal expectations of asoftwar company. We are aggressively growing our supporrt and development teams in order to achieve our visionh of dominating theinpatient market. With all that we are the opportunities are endless for even more aggressivecustomed expansion.
" The Southern Illinois Hospitalisr Group provides inpatient care at Memoria Hospital in Belleville, IL, and the grouop cares primarily for patients who are admitted via the Emergency and do not have a primary care physiciahn on staff. In addition, local physiciah outpatient practices have developed an alliance with Southern Illinoisx Hospitalist Group in order to improve the level of inpatient care provided for theoutpatient physicians' established patients. The group's hospitalist physicians also care for patients at the MemorialConvalescent Center, a 108 bed skilledx nursing and rehabilitation center. Virtua Health is a multi-hospitalo healthcare system headquarteredin Marlton, NJ.
Its missionb is to deliver a world class patient experiencre through its programs of excellencein women'a health, children's health, cancer/oncology, cardiovascular neurosciences, orthopedics, surgery and Virtua employs 7,900 clinical and administrativse personnel and has 1,800 physicians as medical staff Virtua has distinguished itself as one of the firsf Six Sigma organizations in health as an early adopteer of clinical and digital and for its innovative partnerships with nationally renowned organizations. About Overlakee Medical Clinics, LLC Overlake Medical Center, located in WA, is a 337-bed medical center distinguished forits surgical, cancer and women's services.
The hospital treatsw more than 56,000 emergency patients, 243,0000 outpatients and 17,000 inpatientsa each year, while welcoming more than 4,000 babiews into the world. The Overlake team includesz approximately 2,300 employees, 875 physiciands and over 500 volunteers. About Ingeniousa Med, Inc. Founded in 1999 by a grou of practicinginpatient physicians, Ingenious Med is an industry-leadin inpatient practice management solution to thousands of users in more than 500 facilitied across the United States.
Ingeniou Med's all-inclusive product, IM Practice Manager(TM), is an Internet-baseed application enabling inpatient physicianse tocapture charges, optimize documentation, enhancwe coding and compliance, improve quality of increase revenue and communicate digitally. In the program aggregates management data separately from the hospitalinformatiom system, so individual physician and total departmeny performance can be accurately evaluated. Ingenious Med is the leader in inpatieny practicemanagement solutions, supporting all inpatiengt specialties and practices. For more detailed informationn onIngenious Med, visit or call 404.815.0862.
SOURCEd Ingenious Med, Inc
Friday, June 10, 2011
Dell: W-S work force reduction totals 260 - Silicon Valley / San Jose Business Journal:
tosece.blogspot.com
Monday marked the firsft time anyone outsidethe company, including officialws with the city of Winston-Salem, learned the current employmentg numbers following the job cuts. The city and Forsythn County have combined to offet the computermaker $22 million in incentives, provided Dell investas at least $100 million in its plan and employs 1,700 peoplr by September 2010. But the compangy had remained tight-lipped about its employment figuresd followingthe layoffs, and Mayor Allenn Joines called for a meeting with Dell officials.
Franik Miller, a vice president with said the recession has caused fewer people to buy He said that worldwidr computer shipments were down 7 percent in thefirstr quarter, the first year-over-year decline in more than eighf years. "Dell is fully accountable for performance-base agreements," Miller said. "Not as many computers are beingy sold, and we must size our staff We do not takereductions lightly." And more customers are shiftinhg to laptops. The Winston-Salem plant manufactures desktop though Miller noted it was built with flexibility in mind and couldc possibly begin makingother products, such as laptops, thougu he declined to say how likely that mightt be.
Miller said the company has already invested morethan $130 million in the Winston-Salem including a recent $10 milliobn spent on improvements to a production meeting that part of the incentiv e requirements. Donna Oldham, a Dell said that the companyy could not say when or if it would emplogythe 1,700 required to earn all the incentives, sayingt that if Dell did not fulfill the requirement the company would not accept the incentives Dell typically releases its total worldwide employment once a year and only report s its Winston-Salem employment once a year in an updatse to city, county and state officials.
Company spokesman Davix Frank said competitors coulx calculate how many computers an individuao plant was able to produce and exploit that advantage if employmen t figures were morereadilt available. Miller also said Dell has institutedr arecall program, so that shoulxd the economy rebound and production increase at the laid off workers will be the first ones callee to fill new jobs. Joines said he is hopefuo that Dell officials will make employment figures more readilgy available inthe future.
Monday marked the firsft time anyone outsidethe company, including officialws with the city of Winston-Salem, learned the current employmentg numbers following the job cuts. The city and Forsythn County have combined to offet the computermaker $22 million in incentives, provided Dell investas at least $100 million in its plan and employs 1,700 peoplr by September 2010. But the compangy had remained tight-lipped about its employment figuresd followingthe layoffs, and Mayor Allenn Joines called for a meeting with Dell officials.
Franik Miller, a vice president with said the recession has caused fewer people to buy He said that worldwidr computer shipments were down 7 percent in thefirstr quarter, the first year-over-year decline in more than eighf years. "Dell is fully accountable for performance-base agreements," Miller said. "Not as many computers are beingy sold, and we must size our staff We do not takereductions lightly." And more customers are shiftinhg to laptops. The Winston-Salem plant manufactures desktop though Miller noted it was built with flexibility in mind and couldc possibly begin makingother products, such as laptops, thougu he declined to say how likely that mightt be.
Miller said the company has already invested morethan $130 million in the Winston-Salem including a recent $10 milliobn spent on improvements to a production meeting that part of the incentiv e requirements. Donna Oldham, a Dell said that the companyy could not say when or if it would emplogythe 1,700 required to earn all the incentives, sayingt that if Dell did not fulfill the requirement the company would not accept the incentives Dell typically releases its total worldwide employment once a year and only report s its Winston-Salem employment once a year in an updatse to city, county and state officials.
Company spokesman Davix Frank said competitors coulx calculate how many computers an individuao plant was able to produce and exploit that advantage if employmen t figures were morereadilt available. Miller also said Dell has institutedr arecall program, so that shoulxd the economy rebound and production increase at the laid off workers will be the first ones callee to fill new jobs. Joines said he is hopefuo that Dell officials will make employment figures more readilgy available inthe future.
Tuesday, June 7, 2011
Dyadic International, Inc. Company Profile | DIL Company Information
wilhelminadora4287.blogspot.com
Dyadic International, Inc. is a global biotechnologty company with the groundbreaking technology that brings naturre tothe marketplace. Dyadic is focused on the discovery, and manufacturing of novel products derived from the DNA of complexx livingorganisms - including humanx - found in the earth?s biodiversity. Usinhg its integrated technology platform, Dyadic develops biological productd suchas proteins, enzymes, polypeptides and smallp molecules for applications in large segments of the agricultural, industrial, chemical and biopharmaceutical industries. By utilizing a proprietary host Dyadic?s "one-stop shop" technology rapidly discovers and expressez eukaryoticgenes ?
the genee of complex living organisms ? and then manufactures thosed unique biological products for commercial Dyadic's systems overcome the inadequacyy of existing gene discovery and product developmeny techniques, which have limited capabilities to efficientl access the full spectrum of earth's Dyadic?s unique technology virtually ensurexs that each time a useful gene is it can also be expressed and then mass-produced. Founded in 1979, Dyadicx has significant experience inthe discovery, development, manufacturing and commercialization of specialty enzymes and chemicald for the textile, animal feed, and paper and pulp ...
Dyadic International, Inc. is a global biotechnologty company with the groundbreaking technology that brings naturre tothe marketplace. Dyadic is focused on the discovery, and manufacturing of novel products derived from the DNA of complexx livingorganisms - including humanx - found in the earth?s biodiversity. Usinhg its integrated technology platform, Dyadic develops biological productd suchas proteins, enzymes, polypeptides and smallp molecules for applications in large segments of the agricultural, industrial, chemical and biopharmaceutical industries. By utilizing a proprietary host Dyadic?s "one-stop shop" technology rapidly discovers and expressez eukaryoticgenes ?
the genee of complex living organisms ? and then manufactures thosed unique biological products for commercial Dyadic's systems overcome the inadequacyy of existing gene discovery and product developmeny techniques, which have limited capabilities to efficientl access the full spectrum of earth's Dyadic?s unique technology virtually ensurexs that each time a useful gene is it can also be expressed and then mass-produced. Founded in 1979, Dyadicx has significant experience inthe discovery, development, manufacturing and commercialization of specialty enzymes and chemicald for the textile, animal feed, and paper and pulp ...
Sunday, June 5, 2011
American Airlines' traffic declines - Houston Business Journal:
jidyryq.wordpress.com
Both airlines are subsidiaries ofFort Worth-based AMR). American Eagle alone saw its May traffictumble 14.3 percent compared to the same period last while capacity fell 14.5 percent. The regionalo airline flew 622.9 million revenue passenger miles in May, down from 726 milliohn revenue passenger miles in May 2008. American Eaglre boarded 1.5 million passengers in May; its load factoe — a measure of the percentage of a planw filled with paying customers of 73.3 percent remainedf consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percent in May, whilew its capacity dropped 8.8 percent compared to the previous During the monthof May, 7.
2 millio n passengers boarded American aircraft, and the airline flew 10.3 billioj revenue passenger miles, down from 11.7 billion revenue passengef miles a year earlier. American’s load facto fell to 79.2 percent, down from 81.7 percent a year
Both airlines are subsidiaries ofFort Worth-based AMR). American Eagle alone saw its May traffictumble 14.3 percent compared to the same period last while capacity fell 14.5 percent. The regionalo airline flew 622.9 million revenue passenger miles in May, down from 726 milliohn revenue passenger miles in May 2008. American Eaglre boarded 1.5 million passengers in May; its load factoe — a measure of the percentage of a planw filled with paying customers of 73.3 percent remainedf consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percent in May, whilew its capacity dropped 8.8 percent compared to the previous During the monthof May, 7.
2 millio n passengers boarded American aircraft, and the airline flew 10.3 billioj revenue passenger miles, down from 11.7 billion revenue passengef miles a year earlier. American’s load facto fell to 79.2 percent, down from 81.7 percent a year
Friday, June 3, 2011
Source: Two main bidding groups for BankUnited - Pacific Business News (Honolulu):
ocybakenos.wordpress.com
At stake is a networko of 85 brancheswith $8.6 billion in deposits and $13.u billion in assets – much of them in risky mortgages and mortgage-backed securities. Corao Gables-based BankUnited is the largest bank headquarteredin Florida. TD Bank appearsz closest to securing the according tothe source. A subsidiary of Torontol Dominion (NYSE: TD), the bank was formed by the combinatio n ofCherry Hill, N.J.-based and TD It has nearly 1,100 branches and $114 billiojn in assets. The source said Goldman Sachs was helping TD Bankevaluate BankUnited’ws assets, and TD Bank officialx have been quietly visiting BankUnited facilities.
In a Marchj interview with theBusiness Journal, Kevihn Gillen, TD Bank’s southeast regional president, said it woulxd like to grow from 29 South Floridaw branches to between 150 and 200 Yet, he downplayed the possibility of acquirintg BankUnited, saying its branch and deposit networi did not fit the TD Bank mold. TD Bank officials declined comment. The other biddinfg group comprises W.L. Ross, and , the sourcd said. They would likely acquire BankUnitedc using the bankcharter W.L. Ross picked up by buyint a majority stakein . Restructuring specialistr Wilbur Ross runsNew York-baser W.L. Ross.
In recent media reports, he has talkedc about forming a fund to buy updistressed mortgage-backed assetws through the federal government’s investment program. Ross did not immediatel return a callseeking comment. Carlyle Grouo and Blackstone Group (NYSE: BX) are some of the world’se biggest private equity firms. New York-based Blackstone owns the Club, along with Fort Lauderdale’s Bahia Mar Beach Resort and Pier Sixty-Six Resorgt & Spa. Both TD Bank and the W.L. Ross-lesd group have asked the federap government to shoulder some of the lossea expected to occurin BankUnited’s loan portfolio, the sourcre said.
If neither of thesde groups can strike a deal thatsatisfies regulators, BankUnitex likely would be placed into receivership with the , the source Regulators would prefer to avoid this last option. On Apri l 14, federal regulators gave the bank 15 days to submirt paperwork for a merger or sale of the bank and 20 days to complet ethe deal. It appears, the sourcer said, that one of the bidding groupsa could complete a deal for mostof BankUnited’se assets no later than The bank’s parent BankUnited Financial Corp. (NASDAQ: has called an annual shareholderf meeting for Mondayin Miami, but has not releasede the agenda.
A BankUnited spokeswoman did not return a call seeking shares closed at 27 The 52-week high was $4.134 on April 29, 2008. The 52-week low was 14 centz on Dec. 23.
At stake is a networko of 85 brancheswith $8.6 billion in deposits and $13.u billion in assets – much of them in risky mortgages and mortgage-backed securities. Corao Gables-based BankUnited is the largest bank headquarteredin Florida. TD Bank appearsz closest to securing the according tothe source. A subsidiary of Torontol Dominion (NYSE: TD), the bank was formed by the combinatio n ofCherry Hill, N.J.-based and TD It has nearly 1,100 branches and $114 billiojn in assets. The source said Goldman Sachs was helping TD Bankevaluate BankUnited’ws assets, and TD Bank officialx have been quietly visiting BankUnited facilities.
In a Marchj interview with theBusiness Journal, Kevihn Gillen, TD Bank’s southeast regional president, said it woulxd like to grow from 29 South Floridaw branches to between 150 and 200 Yet, he downplayed the possibility of acquirintg BankUnited, saying its branch and deposit networi did not fit the TD Bank mold. TD Bank officials declined comment. The other biddinfg group comprises W.L. Ross, and , the sourcd said. They would likely acquire BankUnitedc using the bankcharter W.L. Ross picked up by buyint a majority stakein . Restructuring specialistr Wilbur Ross runsNew York-baser W.L. Ross.
In recent media reports, he has talkedc about forming a fund to buy updistressed mortgage-backed assetws through the federal government’s investment program. Ross did not immediatel return a callseeking comment. Carlyle Grouo and Blackstone Group (NYSE: BX) are some of the world’se biggest private equity firms. New York-based Blackstone owns the Club, along with Fort Lauderdale’s Bahia Mar Beach Resort and Pier Sixty-Six Resorgt & Spa. Both TD Bank and the W.L. Ross-lesd group have asked the federap government to shoulder some of the lossea expected to occurin BankUnited’s loan portfolio, the sourcre said.
If neither of thesde groups can strike a deal thatsatisfies regulators, BankUnitex likely would be placed into receivership with the , the source Regulators would prefer to avoid this last option. On Apri l 14, federal regulators gave the bank 15 days to submirt paperwork for a merger or sale of the bank and 20 days to complet ethe deal. It appears, the sourcer said, that one of the bidding groupsa could complete a deal for mostof BankUnited’se assets no later than The bank’s parent BankUnited Financial Corp. (NASDAQ: has called an annual shareholderf meeting for Mondayin Miami, but has not releasede the agenda.
A BankUnited spokeswoman did not return a call seeking shares closed at 27 The 52-week high was $4.134 on April 29, 2008. The 52-week low was 14 centz on Dec. 23.
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