shemwellmygalej1291.blogspot.com
percent decrease in revenue per available room in 2009 comparedwith 2008, according to a study by . The projectexd revenue decrease compares with anestimated 17.5 percent decreas e in revenue per available room nationally in PKF Hospitality Research said in a Tuesday release. The uses data from , whicb reports “very consistent numbers with PKF,” Jill Van vice president of marketing/communications for the said Wednesday. “Kansas City is doing betted than thenational average, and we’rer on par with our competitive Van Houweling said. “Mid-sized value destinations are doing bettetr thanbig cities. Our May is very strong.
What we’r seeing is that, even though it’s not grear news, the effect on Kansas City is moderatec because ofvalue pricing.” Van Houweling said the associationj attributes the lower revenud mainly to decreased business The average expenditure per overnight business traveler $260 a day, compares with $120 for a leisure traveler, she said.Area hotels are projected to have 52 percen occupancy in 2009, down from 58.4 percent in PKF staffer Randy McCaslin said in the release. Because of increased competition in the local the average daily room rate is expected to fallto $84.6u in 2009, down 5.4 percent from $89.52 last year.
PKF attributes the projected lower average occupancy rate toa 7.9 perceny decrease in demand for lodginyg and a 3.4 percent increasw in the supply of new hotep rooms. PKF’s forecasting model finds that local incoms and employment figures are good predictors of hotel room demand, the release said. Moody’s the source of PKF’s June 2009 Hoteo Horizons forecast report forKansae City, predicts that Kansas City-area employment will fall 3.4 percent in 2009 from 2008. PKF’z study projects that area revenue per availablsroom won’t achieve sustainerd growth until the fourth quarter of 2010.
“Until then, market conditions are favorable for but troublesome for owners and PKF said inthe release. Atlanta-based PKF Hospitalituy Research is the researchaffiliate of
Monday, January 31, 2011
Saturday, January 29, 2011
Egyptians return to streets - msnbc.com
gorbunovabowiper.blogspot.com
Globe and Mail | Egyptians return to streets msnbc.com CAIRO â€" Egyptian President Hosni Mubarak clung to power on Saturday as protesters took to the streets again to demand that he quit. ... Protesters back on Egypt streets Protesters back on Egypt streets after Mubarak fires cabinet EGYPT: Streets grew quiet as President Hosni Mubarak spoke |
Wednesday, January 26, 2011
CORRECT: ICI: Long-Term Mutual Funds Up $4.01 Billion In Latest Week - Wall Street Journal
xysecurakihir.blogspot.com
Forbes (blog) | CORRECT: ICI: Long-Term Mutual Funds Up $4.01 Billion In Latest Week W » |
Monday, January 24, 2011
888poker and Shane Warne Launch Australia Charity Relief Tournaments - PR Newswire (press release)
http://etaphisigma.com/learn-to-read-differently.html
888poker and Shane Warne Launch Australia Charity Relief Tournaments PR Newswire (press release) Every day until January 27th, 888poker is hosting the "Australia Charity Relief Fund" online tournament at 10:08 GMT. The buy-in for the daily tournament is ... |
Friday, January 21, 2011
Day of Remembrance 2011 Taiko Festival - Salem-News.Com
http://www.fitnessat.com/weight-loss/78-diet-on-the-house.html
Salem-News.Com | Day of Remembrance 2011 Taiko Festival Salem-News.Com In honor of this historical event, the 2nd annual Day of Remembrance Taiko Festival will be held Sunday, February 20, 2011 at 2:00 pm, Pigott Auditorium, ... |
Tuesday, January 18, 2011
House expands health insurance to children - Portland Business Journal:
http://bath-linen.com/building-a-chicken-coop-without-wasting-time.html
The House also voted to create a new agench charged with improving the delivery of health care across the Both measures now head to the HouseBill 2016, dubbed the “Healthy Kids Healthy Oregon” measure by Gov. Ted Kulongoski, wouldr increase taxes on hospitals and healthy insurersby $150 million per year, making the statr eligible for an additional $500 million in unclaimeds federal dollars.
It passed the House by a 36-24 House Bill 2009, whichh allocates two-year funding of $3 million from the state’s general fund, creates the to oversee existin g state programs that touch on health The new state agency is charged with establishinb health industry cost controlk measures and with promoting health care reform at anational level. It passed by a 38-22
The House also voted to create a new agench charged with improving the delivery of health care across the Both measures now head to the HouseBill 2016, dubbed the “Healthy Kids Healthy Oregon” measure by Gov. Ted Kulongoski, wouldr increase taxes on hospitals and healthy insurersby $150 million per year, making the statr eligible for an additional $500 million in unclaimeds federal dollars.
It passed the House by a 36-24 House Bill 2009, whichh allocates two-year funding of $3 million from the state’s general fund, creates the to oversee existin g state programs that touch on health The new state agency is charged with establishinb health industry cost controlk measures and with promoting health care reform at anational level. It passed by a 38-22
Sunday, January 16, 2011
Orlando Business Journal: Nomination
http://haciendadeltoro.com/dolphins.html
The finalists and winners will be featured in a specialk section inthe Nov. 20 issue of the Orlando Businessx Journal. How to participate: To be eligible for the candidates must be CFOs or heads of must be basedin Orange, Osceola, Seminole or Lake and must have been in his or her currenrt role for at least three years. Simply fill out a nomination form below and submift itby Sept. 4, 2009. No late nominationzs will be accepted. Only nominationsz submitted through this online nominationn system willbe accepted. The Orlandk Business Journal will bestowe honors inseveral categories, broken down by companyy size, and there will also be a category for nonprofits.
A judging panel will select winners based on informationn provided in the onlinenomination form, includingy the brief written narratives (please limit to 200 wordes per question). Candidates must be Chief Financial Officersz or Headsof Finance. The nomineer must be based in Orange, Osceola, Seminols or Lake counties. The minimum period of service in his or her curren t role isthree All nominations must be acknowledgeed and endorsed by a nominee. Questions? Call Managingf Editor Susan Lundineat (407) 241-2892, or e-mail her at CFO of the Year Awards Deadline: September 4, 2009 *Youfr phone no. *Nominee Phone No.
*Why shoule this nominee be considered as the CFO ofthe Year?? *How has this nominee contributerd to the company's growth and/or profitabilitt in 2008/2009? *How has this nominee contributes to other areas of corporate managemen t in 2008/2009? How has this nominere made contributions outside the companuy (such as social, nonprofit, community involvement) ? *Paste a one-pages resume or biography that details nominee's careere history and/or significant achievements.
The finalists and winners will be featured in a specialk section inthe Nov. 20 issue of the Orlando Businessx Journal. How to participate: To be eligible for the candidates must be CFOs or heads of must be basedin Orange, Osceola, Seminole or Lake and must have been in his or her currenrt role for at least three years. Simply fill out a nomination form below and submift itby Sept. 4, 2009. No late nominationzs will be accepted. Only nominationsz submitted through this online nominationn system willbe accepted. The Orlandk Business Journal will bestowe honors inseveral categories, broken down by companyy size, and there will also be a category for nonprofits.
A judging panel will select winners based on informationn provided in the onlinenomination form, includingy the brief written narratives (please limit to 200 wordes per question). Candidates must be Chief Financial Officersz or Headsof Finance. The nomineer must be based in Orange, Osceola, Seminols or Lake counties. The minimum period of service in his or her curren t role isthree All nominations must be acknowledgeed and endorsed by a nominee. Questions? Call Managingf Editor Susan Lundineat (407) 241-2892, or e-mail her at CFO of the Year Awards Deadline: September 4, 2009 *Youfr phone no. *Nominee Phone No.
*Why shoule this nominee be considered as the CFO ofthe Year?? *How has this nominee contributerd to the company's growth and/or profitabilitt in 2008/2009? *How has this nominee contributes to other areas of corporate managemen t in 2008/2009? How has this nominere made contributions outside the companuy (such as social, nonprofit, community involvement) ? *Paste a one-pages resume or biography that details nominee's careere history and/or significant achievements.
Thursday, January 13, 2011
Fidelity trails competitors in November fund flows - Boston Business Journal:
http://baddogsinc.com/trainingoptions.html
As of Nov. 30, Fidelity's year-to-datse take was slightly less than $2 At least 25 other mutual fund firmsz reported stronger net inflows during thesame period. The fund-flos data was compiled by in Boston. Fidelitu reported a net outflowof $4.1 billion during the 30 days endefd Nov. 30. The company had $931 millionh in assets under management atthe month'ws end, compared to $833.90 million a year earlier. The year-over-year increase was largelyt due to investment gains and client transfersdfrom Fidelity's massive money market funds. Fund flows withib money market accounts are not reflected in theFRC numbers. Fidelith spokesman Vin Loporchio said the company was actuallyup $15.
12 billion in November when accounting for money market By that same measure, the firm'sd net inflow was $74.2 billion betwee n Jan. 1 and Nov. 30, compared with $60 billiomn for all of 2006, he said. Loporchio said the firm is committerd to performing well for its adding that 88 percentr of its domestic equity fundas outperformed industry averages during the 12 monthseended Nov. 30. reported the largesf November inflowamong Boston's fund managers, netting more than $7.3 billio n in new money from investors. Much of that cash was directerd at its exchange tradedfund (ETF), whichj netted roughly $5.7 billion from investors durinb the 30-day span. Between Jan. 1 and Nov.
30, State Street's funds reported a net investment inflowof $23. 1 billion, fourth best in the ETFs offer investors a basket of stocks targetinvg a specific industry or company and they are particularly popular among largeinstitutional investors. As such, they are prone to huge swingse in fund flows as shareholderss reallocatetheir holdings. For State Street's November upswing followed a $3.3 billio net outflow in October. "I wouldn't read into it too said Dan Culloton, an analystf with in Chicago.
On a related note, Statse Street announced Thursday that the head of its Globalk Advisorsinvestment arm, William Hunt, had resigned from the His departure came severak months after clients raisedf concerns over State Street's fixed income some of which were peggeed to subprime mortgages. The company has since taken a $279 million charge to account for itslegalp exposure, as some clienta have claimed that the subprimre strategy was inconsistent with theirr investment agreement with State Street. The company has deniede any wrongdoing.
Hunt's separation agreemenft calls forapproximately $14 million in cash and equity-related State Street veteran James Phale has replaced Hunt on an interimm basis. Meanwhile, continued its steadu -- yet torrid -- growth in November, rakinfg in slightly over $1 billion in net new The firm posted net inflowsof $13.2 billion for the first 11 months of eighth best in its industry. After registered the second-largest net outflow ($1.
1 billion) among Boston firms, followed by (outflow of $821 and (outflow of $597
As of Nov. 30, Fidelity's year-to-datse take was slightly less than $2 At least 25 other mutual fund firmsz reported stronger net inflows during thesame period. The fund-flos data was compiled by in Boston. Fidelitu reported a net outflowof $4.1 billion during the 30 days endefd Nov. 30. The company had $931 millionh in assets under management atthe month'ws end, compared to $833.90 million a year earlier. The year-over-year increase was largelyt due to investment gains and client transfersdfrom Fidelity's massive money market funds. Fund flows withib money market accounts are not reflected in theFRC numbers. Fidelith spokesman Vin Loporchio said the company was actuallyup $15.
12 billion in November when accounting for money market By that same measure, the firm'sd net inflow was $74.2 billion betwee n Jan. 1 and Nov. 30, compared with $60 billiomn for all of 2006, he said. Loporchio said the firm is committerd to performing well for its adding that 88 percentr of its domestic equity fundas outperformed industry averages during the 12 monthseended Nov. 30. reported the largesf November inflowamong Boston's fund managers, netting more than $7.3 billio n in new money from investors. Much of that cash was directerd at its exchange tradedfund (ETF), whichj netted roughly $5.7 billion from investors durinb the 30-day span. Between Jan. 1 and Nov.
30, State Street's funds reported a net investment inflowof $23. 1 billion, fourth best in the ETFs offer investors a basket of stocks targetinvg a specific industry or company and they are particularly popular among largeinstitutional investors. As such, they are prone to huge swingse in fund flows as shareholderss reallocatetheir holdings. For State Street's November upswing followed a $3.3 billio net outflow in October. "I wouldn't read into it too said Dan Culloton, an analystf with in Chicago.
On a related note, Statse Street announced Thursday that the head of its Globalk Advisorsinvestment arm, William Hunt, had resigned from the His departure came severak months after clients raisedf concerns over State Street's fixed income some of which were peggeed to subprime mortgages. The company has since taken a $279 million charge to account for itslegalp exposure, as some clienta have claimed that the subprimre strategy was inconsistent with theirr investment agreement with State Street. The company has deniede any wrongdoing.
Hunt's separation agreemenft calls forapproximately $14 million in cash and equity-related State Street veteran James Phale has replaced Hunt on an interimm basis. Meanwhile, continued its steadu -- yet torrid -- growth in November, rakinfg in slightly over $1 billion in net new The firm posted net inflowsof $13.2 billion for the first 11 months of eighth best in its industry. After registered the second-largest net outflow ($1.
1 billion) among Boston firms, followed by (outflow of $821 and (outflow of $597
Tuesday, January 11, 2011
General Cable
jwid-infants.blogspot.com
Kenny exercised stock options for 48,00p shares with a $4 exercisre price on Monday and immediately sold them for an averagwe priceof $39.58. That netted him $1.7 milliohn before taxes. He then sold another 7,101 shares on Tuesday for about $40.32 each for an additionall $286,000. His timing was good, as General Cable's stocok price had been rising steadilgy from a 2009 low ofabout $14 in earlyy March. It peaked Tuesday at more than $41 then lost groundr on Wednesday, falling $2.30 to less than $39, as the broadef market also declined. According to the company's latesgt proxy statement, as of March 1, Kennyy beneficially owned morethan 600,000 shares of Generap Cable stock.
That included about 66,000 restricted shares over which he had voting power, 143,000 options exercisable within 60 days, and 340,000p shares deferred under its deferred compensatiob plan. General Cable (NYSE: BGC), based in Highlande Heights, is a global manufactured of cable and wire products forthe energy, telecommunicationsa and specialty industrial markets.
Kenny exercised stock options for 48,00p shares with a $4 exercisre price on Monday and immediately sold them for an averagwe priceof $39.58. That netted him $1.7 milliohn before taxes. He then sold another 7,101 shares on Tuesday for about $40.32 each for an additionall $286,000. His timing was good, as General Cable's stocok price had been rising steadilgy from a 2009 low ofabout $14 in earlyy March. It peaked Tuesday at more than $41 then lost groundr on Wednesday, falling $2.30 to less than $39, as the broadef market also declined. According to the company's latesgt proxy statement, as of March 1, Kennyy beneficially owned morethan 600,000 shares of Generap Cable stock.
That included about 66,000 restricted shares over which he had voting power, 143,000 options exercisable within 60 days, and 340,000p shares deferred under its deferred compensatiob plan. General Cable (NYSE: BGC), based in Highlande Heights, is a global manufactured of cable and wire products forthe energy, telecommunicationsa and specialty industrial markets.
Saturday, January 8, 2011
Lottery jackpot winner to claim winnings in Wash. - TMCnet
http://chryslerautoclub.com/chrysler-95-car-paint-prob
Fox11online.com | Lottery jackpot winner to claim winnings in Wash. TMCnet (AP) â€" The Washington winner of the Mega Millions lottery jackpot planned to discuss his windf » |
Thursday, January 6, 2011
Houston-based Diligent Delivery purchases assets of courier division of VIP Express - Memphis Business Journal:
youngmanmeledero1636.blogspot.com
Diligent will take over the assets and customerf baseof VIP. Former VIP Express ownera could not be reachedfor comment. Terme of the deal were not Diligent, which operates more than 18 business entitiews and brings inaroundx $38 million in revenue will continue to offer courier and cartagee services at VIP’s former facility. Diligent presidentt and CEO Larry Browne says he had been lookingy to enter the Memphis market forsome “What attracted me to VIP was they were a good fit,” Browned says.
“They used owner/operators and that is our Diligent operates itscourier dedicated, less-than-truckload, cartage and othe r transportation services, by outsourcin deliveries to independent owner/operator drivers. It will employ threed full-time employees and 17 independenf drivers at its Memphis The new operation will help connecy the company to its current locations in Nashvillseand Louisville, Browne says. “Memphis was a connect-the-dot city,” Browne “Acquisitions are something we want to constantly do becausw I do not believe in the status quo If you think you are goint to hang on to the customers you have forevedrand ever, your thinking process is incorrect.
” Browne admits the challenging economy and small margin in the courier business make growth a challenge. “With this there is no doubt that is having a toll on he says. “Fortunately, we are able to go out and make Browne is optimistic aboutthe future, citing researcjh by the . “All signs point to a vital, long-term future for (the trucking industry),” says Bill ATA president and CEO. “Truckinhg exclusively serves 80% of all communities in the U.S. for the productsz and goods they receive. When the recovery trucks will help leadthe way.
”
Diligent will take over the assets and customerf baseof VIP. Former VIP Express ownera could not be reachedfor comment. Terme of the deal were not Diligent, which operates more than 18 business entitiews and brings inaroundx $38 million in revenue will continue to offer courier and cartagee services at VIP’s former facility. Diligent presidentt and CEO Larry Browne says he had been lookingy to enter the Memphis market forsome “What attracted me to VIP was they were a good fit,” Browned says.
“They used owner/operators and that is our Diligent operates itscourier dedicated, less-than-truckload, cartage and othe r transportation services, by outsourcin deliveries to independent owner/operator drivers. It will employ threed full-time employees and 17 independenf drivers at its Memphis The new operation will help connecy the company to its current locations in Nashvillseand Louisville, Browne says. “Memphis was a connect-the-dot city,” Browne “Acquisitions are something we want to constantly do becausw I do not believe in the status quo If you think you are goint to hang on to the customers you have forevedrand ever, your thinking process is incorrect.
” Browne admits the challenging economy and small margin in the courier business make growth a challenge. “With this there is no doubt that is having a toll on he says. “Fortunately, we are able to go out and make Browne is optimistic aboutthe future, citing researcjh by the . “All signs point to a vital, long-term future for (the trucking industry),” says Bill ATA president and CEO. “Truckinhg exclusively serves 80% of all communities in the U.S. for the productsz and goods they receive. When the recovery trucks will help leadthe way.
”
Monday, January 3, 2011
Exec: Lexington plant avoids layoffs - The Business Journal of the Greater Triad Area:
more...
“It won’t affect us,” plant managedr Thomas Wagar said. “It’s busineses as usual.” Huggies and tissue-make r Kimberly-Clark Corp. said Thursday the company willcut 1,60 positions from its global work force. The reduction includes 600 employeese who accepted voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 millioj annually. About 750 jobs will be cut in theUnitedf States, with the reductions occurring in Europe and other international locations. The layoffs will affect salariex andnonproduction jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarok said.
The company added that it will record $140 million to $150 million in chargex related to the layoffs. Kimberly-Clark attributed the cuts to a changinhg business environment that has forced the organization tostreamlinre expenses. "These actions, while difficult, are necessary to help us emergde from this demanding economic environment as astrongerd company," said Tom Falk, Kimberly-Clark chairmam and CEO.
"Through thesew changes we will be a moreeffective organization, with faster decision-making helping to drivew efficiency throughout all aspects of our In addition, by increasing our cash generation, we will be in a bettert position to take advantage of futurr growth and innovation opportunities." Kimberly-Clarok has 53,000 employees Those affected by the staffing reductiona will leave the company in June and a spokesman for Kimberly-Clark said.
“It won’t affect us,” plant managedr Thomas Wagar said. “It’s busineses as usual.” Huggies and tissue-make r Kimberly-Clark Corp. said Thursday the company willcut 1,60 positions from its global work force. The reduction includes 600 employeese who accepted voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 millioj annually. About 750 jobs will be cut in theUnitedf States, with the reductions occurring in Europe and other international locations. The layoffs will affect salariex andnonproduction jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarok said.
The company added that it will record $140 million to $150 million in chargex related to the layoffs. Kimberly-Clark attributed the cuts to a changinhg business environment that has forced the organization tostreamlinre expenses. "These actions, while difficult, are necessary to help us emergde from this demanding economic environment as astrongerd company," said Tom Falk, Kimberly-Clark chairmam and CEO.
"Through thesew changes we will be a moreeffective organization, with faster decision-making helping to drivew efficiency throughout all aspects of our In addition, by increasing our cash generation, we will be in a bettert position to take advantage of futurr growth and innovation opportunities." Kimberly-Clarok has 53,000 employees Those affected by the staffing reductiona will leave the company in June and a spokesman for Kimberly-Clark said.
Saturday, January 1, 2011
Crescent files Chapter 11, replaces CEO - Phoenix Business Journal:
mcneil-arcade.blogspot.com
The moves are part of an effort to cutthe company’sx debt and rework its capital the Charlotte, N.C.-based developer says. and some of its subsidiariesa have filed voluntary Chapter 11 petitions in the in the Western Districtof Texas, Austin Division. Crescentg also announced today thatArthur Fields, the company’ss chief executive officer, has retired, effective immediately. He will continuse to work in anadvisoryh capacity. Crescent had been struggling to refinancda $1.2 billion with payment due in full by September 2012. The companhy amended the loan in June 2008 becausew it was in violation of theoriginakl terms.
Before the Chapter 11 filing, Crescentr faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its debt. The company, whichg has developed more than 1 million square feet of office space in Cool Springzs sincethe 1990s, has been facing local troubles, too. Pat Emery, Crescent’zs long-time vice president and regional managerin Tennessee, left the companu last month. And the developer’s Crescent’s Greenway One, a $33 168,000-square-foot building near completion onCarothersx Parkway, has been boarded up for monthse as contractors filed millions of dollars in lienes against it.
Another similarly sized Crescengt project next to it is abougt 90 percent vacant a year after being built. The company says it plans to continue businessews without any significant interruptionduring restructuring. Crescent has obtained a debtor-in-possessio financing facility of $110 million from a group of itsexistinf lenders, which will provide funds so it can continude operating. Andrew Hede will replace Fieldas as CEO and will be charged with leadinhgthe restructuring.
Hede, a managing director with LLC, has more than 15 yearxs of financial restructuring andbusiness “We have been in active discussions with our lenders and othee stakeholders as we work towarxd an agreement that will bring our capital structur in line with the current economic environment,” Hede says in a “Those discussions are continuing, and we are pleasecd with the ongoing support we have received from our lenders. We inten d to reach an agreement on our new capital structurre and emerge frombankruptch quickly.
”
The moves are part of an effort to cutthe company’sx debt and rework its capital the Charlotte, N.C.-based developer says. and some of its subsidiariesa have filed voluntary Chapter 11 petitions in the in the Western Districtof Texas, Austin Division. Crescentg also announced today thatArthur Fields, the company’ss chief executive officer, has retired, effective immediately. He will continuse to work in anadvisoryh capacity. Crescent had been struggling to refinancda $1.2 billion with payment due in full by September 2012. The companhy amended the loan in June 2008 becausew it was in violation of theoriginakl terms.
Before the Chapter 11 filing, Crescentr faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its debt. The company, whichg has developed more than 1 million square feet of office space in Cool Springzs sincethe 1990s, has been facing local troubles, too. Pat Emery, Crescent’zs long-time vice president and regional managerin Tennessee, left the companu last month. And the developer’s Crescent’s Greenway One, a $33 168,000-square-foot building near completion onCarothersx Parkway, has been boarded up for monthse as contractors filed millions of dollars in lienes against it.
Another similarly sized Crescengt project next to it is abougt 90 percent vacant a year after being built. The company says it plans to continue businessews without any significant interruptionduring restructuring. Crescent has obtained a debtor-in-possessio financing facility of $110 million from a group of itsexistinf lenders, which will provide funds so it can continude operating. Andrew Hede will replace Fieldas as CEO and will be charged with leadinhgthe restructuring.
Hede, a managing director with LLC, has more than 15 yearxs of financial restructuring andbusiness “We have been in active discussions with our lenders and othee stakeholders as we work towarxd an agreement that will bring our capital structur in line with the current economic environment,” Hede says in a “Those discussions are continuing, and we are pleasecd with the ongoing support we have received from our lenders. We inten d to reach an agreement on our new capital structurre and emerge frombankruptch quickly.
”
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