KeyCorp Commences Separate Exchange Offers for $503,530,000 of Its Series A Preferred Stock and for $797,647,000 Trust Preferred Securities of Four Affiliated Trusts

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billion in Tier 1 common -- KeyCorp has generated $1.3 billion to approximately 70% of the government's requirement to date. June 3 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY) todayh commenced an offer to exchange common sharew of KeyCorp for any and all outstanding sharesof KeyCorp' 7.750% Non-Cumulative Perpetual Convertible Preferred Series A (the "Series A Exchange Offer"), and a separatse offer to exchange commonb shares of KeyCorp for any and all Trusft Preferred Securities of KeyCorp Capital I, KeyCor Capital II, KeyCorp Capital III and KeyCorp Capitalk VII (the "Trust Preferred Exchange Offer").
Combined with the capital generation actions that have been executed sinceMay 7, 2009, when the resultas of the government's stress test were announced, successfulp completion of these actions will strengthen KeyCorp's capital frameworko by improving its Tier 1 common equity ratio, and also reduce the dividenx and interest expense associater with the securities exchanged, thereby increasing KeyCorp'w ability to generate capital internally. Thesr exchanges are principal componentsof KeyCorp's comprehensive capitall plan, which was submitted to the federal bankinyg regulators on June 1, pursuantt to the requirements of the Supervisory Capital Assessmenf Program of the U.S.
Treasury and the Boare of Governors of the Federal Reserve System. In connection with the Seriesz AExchange Offer, for each share of Series A Preferrecd Stock accepted in accordance with the term of the exchange offer, KeyCorlp will issue a number of its commoj shares that will be fixee according to an Exchange Ratio which will be determinefd at 4:30 p.m. New York City on the second trading day immediately preceding the expiration date ofthe offer. The offer is currentl y expected to expireon Tuesday, June 30, 2009 and the Exchangee Ratio would then be fixed at 4:30 p.m. New York City on June 26, 2009.
For each share of Series A Preferred Stocktendered (and not subsequentlyu withdrawn), KeyCorp will issue 7.0922 shares plus $35.0 divided by the daily volume-weighted average price of its commonn shares during the five consecutive trading days endingg on June 26, 2009 (the "Average VWAP"). The Averager VWAP and the total number of sharezs to be issued will be announcedf in a press release before the opening of NYSE tradinton Monday, June 29, 2009. This information also will be availablreat D.F. King & Co., the information agent.
In connection with the Trustg PreferredExchange Offer, for each Trust Preferred Security of KeyCorpo Capital I, KeyCorp Capital II, KeyCorp Capital III or KeyCorpo Capital VII (collectively, the "Capital accepted in accordance with the terms of the exchangse offer, KeyCorp will issue a number of its common sharesz that will be fixed accordinbg to an Exchange Ratio which will be determined at 4:30 p.m. New York City time on the secon d trading day immediately preceding the expiration date of the The offer is currently expected to expire on Tuesday, June 30, 2009, and the Exchange Ratio woulrd then be fixed at 4:30 p.m. New York City on June 26, 2009.
For each Trust Preferrer Security of KeyCorpCapital II, KeyCorp Capital III or KeyCorp Capital VII tendered on or priotr to 5:00 p.m., New York City time on Tuesday, June 16, 2009 (and not subsequentl y withdrawn), KeyCorp will issuwe a number of its commonn shares equal to the quotient of $850 divided by the Averagw VWAP. For each Trust Preferred Security of KeyCorpCapitap II, KeyCorp Capital III or KeyCorl Capital VII tendered after 5:00 New York City time on June 16, 2009 but prior to the expiration date of the offerf (and not subsequently withdrawn), KeyCorp will issue a number of its common shares equal to the quotienr of $800 divided by the Averagwe VWAP.
For each Trust Preferred Security of KeyCorp Capital I tenderec on or priorto 5:00 p.m., New York City time on June 16, 2009 (and not subsequentlg withdrawn), KeyCorp will issue a number of its commonm shares equal to the quotient of $750 dividedx by the Average VWAP. For each Trust Preferred Securithy of KeyCorp Capital I tenderesdafter 5:00 p.m., New York City time on Tuesday, June 16, 2009 but priorf to the expiration date of the offerf (and not subsequently withdrawn), KeyCorp will issue a number of its common shares equal to the quotient of $700 divideed by the Average VWAP.
The Average VWAP and the total number of shares to be issued will be announced in a presse release before the opening of NYSE tradinggon Monday, June 29, 2009. This informatiobn also will be availablweat D.F. King & Co., Inc., the informatiomn agent. The Series A Exchanger Offer and the Trust Preferred Securitied Exchange Offer and Consent Solicitation will each expirsat 11:59 p.m. New York City time, on Tuesday, June 30, unless extended or earliefr terminatedby KeyCorp. Securities that are tendered into eithe r offer may be withdrawn at any time priore tothis date.
To receive the consideratioj in either the Series A Exchangee Offer or the Trust Preferred SecuritieaExchange Offer, holders must validly tender and not withdraq their securities prior to the expiration date. KeyCorp will deliver the consideration promptly after theexpiration date. The consummation of the Series A Exchange Offer is not conditioned on the consummatio of the Trust Preferrer Securities Exchange Offer orvice versa. J.P. Morgan Securities Inc. is actintg as KeyCorp's sole financial advisor in connectionj with the Series AExchange J.P. Morgan Securities Inc.
and Morgan Stanley are actingbas KeyCorp's joint financial advisors in connection with the Trus Preferred Securities Exchange Offer. In addition, Morgah Stanley is KeyCorp's capital advisord on all of its capitall execution plans related tothe U.S. Government's Supervisoryh Capital Assessment Program. The advisorse have not been retained to, and will not, solicity acceptances of the exchange offersw or make any recommendations to holdere withrespect thereto.
The complete terms and conditionzs of the exchange offer are set forth in the respective Offers to Exchange and Letters of Transmittal that are being sent separatelty to holders of the Seriesw A Preferred Stock and Trus tPreferred Securities. Holders are urgefd to read the exchange offerdocuments carefully. D.F. King Co., Inc., the information agent at (800) 431-96332 or, for bankers and at (212) 269-5550 (Collect). The Exchange Agent for the exchangde offers is ComputershareTrust N.A., available at (781) 575-2332.
The Offer to Letter of Transmittal and other related documentz for the Series A Preferred Stocmk also will be filed with the Securities and ExchangseCommission ("SEC") on Schedulde TO and may be obtained for free at the SEC's . The offers to exchangd are being made in reliance upon the exemptio from the registration requirements of the Securities Act of asamended (the "Securities Act"), providedd by Section 3(a)(9) of the Securitiees Act. This press release is neither an offer to purchase nor a solicitatiob to buy any shares of the Series A PreferrefStock and/or Trust Preferredx Securities, nor is it a solicitation for acceptance of the respectiver exchange offers.
KeyCorp is making the respective exchang e offersonly by, and pursuantg to the terms of, the respectivs Offers to Exchange and the related Letters of Transmittal. The respective exchange offerxs are not being made in any jurisdiction in which the makingy or acceptance thereof would not be in compliance withthe securities, blue sky or other laws of such None of KeyCorp or its affiliates, the trustees of the Capita l Trusts, the exchange agent, the information agent, the financial advisors or the capital advisor is makin g any recommendation as to whether or not holders should tender their shares of Seriez A Preferred Stock and/or Trust Preferredc Securities in connection with the respectivse exchange offers.
Cleveland-based KeyCorp is one of the nation'sd largest bank-based financial services with assets ofapproximately $97 BusinessWeek Magazine named Key the top bank in its Customer Services Champ 2009 edition, ranking Key 11th out of the top-254 companies that include many known for theifr customer service acumen. Key companies provide investment management, retail and commercial consumer finance, and investmen banking products and services to individuales and companies throughout the UnitedStates and, for certain businesses, For more information, visit . You may obtain thesde documents bycontacting KeyCorp, Investor Relations, at (216) 689-4221 or by emaio at .
This Press Release contains forward-looking statementzs within the meaning of the Privatew Securities Litigation Reform Actof 1995, including statements abouft our financial condition, results of operations, assetr quality trends and profitability. Forward-looking statements are not historical factss but instead representonly management's current expectations and forecasts regarding future events, many of by their nature, are inherently uncertai and outside of KeyCorp's control. KeyCorp'ws actual results and financial condition may possibly materially, from the anticipated results and financial conditiobn indicated in these forward-looking statements.
Factors that may cause actual results to differ materially include, among other (1) adverse capital markets conditionsx and the inability to raisr equity and other funding in the capital (2) further downgrades in our credit (3) unprecedented volatility in the stock markets, publicf debt markets and other capital markets, includingb continued disruption in the fixed income markets;(4) changesz in interest rates; (5) changes in monetary or fiscal policy; (6) assett price deterioration has had (and may continu e to have) a negative effect on the valuatio n of certain asset categories represente d on KeyCorp's balance sheet; (7) continuation of the receng deterioration in general economic or in the condition of the local economiese or industries in whichb we have significant operations or which could, among other materially impact credit quality trends and our ability to generate loans; (8) continued disruption in the housin markets and related conditions in the financial (9) increased competitive pressure among financial services companiesd due to the recent consolidatioh of competing financial institutions and the conversion of certain investment bankss to bank holding companies; (10) heightenedf legal standards and regulatory practices, requirements or expectations; (11) the inabilityt to successfully execute strategic initiatives designed to grow revenuee and/or manage expenses; (12) increaserd FDIC deposit insurance premiums; (13) difficult y in attracting and/or retaining key executivew and/or relationship managers; (14) consummation of significanr business combinations or divestitures; (15) operational or risk management failures due to technological or othet factors; (16) changes in accountinv or tax practices or requirements; (17) new lega obligations or liabilities or unfavorable resolutionj of litigation; and (18) disruption in the economy and generap business climate as a result of terroristg activities or military actions.
For additional informatiohn on KeyCorp and the factors that coulfcause KeyCorp's actual results or financial condition to diffef materially from those described in the forward-looking statements consult KeyCorp's Annual Report on Form 10-K for the year endedr December 31, 2008, and subsequentr filings with the Securities and Exchange Commission available on the Securitieas and Exchange Commission's website ( ). Forward-looking statementds are not guarantees of futurew performance and should not be relied upon asrepresenting management' views as of any subsequent We do not assume any obligation to update thesw forward-looking statements.

BLM seeks comment on use of public land for large solar-energy projects - San Francisco Business Times:

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The land management agency that 24 largee tracts of federal land in the West includingnearly 21,000 acres in Colorado’ s San Luis Valley — would be studied for thei r solar power potential. Other statexs involved are California, Nevada, Arizona, Utah and New The goal is to spee d project permittingfor utility-scale soladr power projects. The 24 tracts — known as Solatr Energy Study Areas, totaling 670,000 acres — will be evaluated for theidr environmental and resource suitabilityfor large-scale solae energy production.
In Colorado, the three arease in the San Luis Vallet that will be part of the studyt could generate upto 4,182w megawatts of solar power if fully developed, according to the , which oversee BLM. Areas deemed suitable for largs solar power projects would be available for companie to build installations with a capacityh of 10 megawattsor more. Companies proposing projects in theses areas would be eligible for fasterrpermit processing, the department The land in the Solart Energy Study Areas will be looked at as part of an existingt solar-power environmental impact study the departmenft is conducting in six Western states.
An in-deptu environmental review is being paid for with moneyh from the American Reinvestment andRecovery Act, the announcement said. BLM said last monthg it has received 158 applications for solare power projects on federao lands inthe West. In Colorado, BLM is seekingh comment on potential solar developmen of lands in the DeTillsa Gulch, Los Mogotes East, Antonito and Fourmile East areas of southern Colorado. BLM manages 256 million acres of federalpublix land, including more than 8 million in Colorado. in PDF The public comment period endsJuly 30.

Deloitte: Consumer spending rose in June - Triangle Business Journal:

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The index rose to 1.83 percenyt from an upwardly revised gainof 1.4 percent in May. Deloitt said its index analyzes tax initialunemployment claims, real wagesz and real home prices to try to track consumer cash flow as an indicatod of future consumer spending. "The pace of decline in real consumer spending appears to be saidIra Kalish, director of global economics and consumet business with and author of the monthly "High savings rates and unemployment accompaniedd by a weak housing markert have weighed on consumer spending for but trends are starting to point in a different For example, the rate of declinew in housing prices begamn to decelerate and, in June, real home pricesd finally rose from the previous month.
" The indexz also reported the tax burden continuedr to drop with the weakening of the economy and with tax cuts embedded in the stimulus plan takinv effect. First-time unemployment claims remai n at a historicallyhigh level, the inded said, but the job markety may be bottoming out. Real wages have flattenex over the past several monthsd due in large part to weakness in thejob However, on a year-over-yeae basis, real wages are rising at an accelerating rate, in part due to The decline in real home prices also appears to be the index noted.
Lower prices and low interesr rates have encouraged a renewal in homebuyintg which, over time, will likely lead to stabilization of However, recent increases in long-term ratea could have a negative impactt on the housing market.

Stalking victim in TV series this week - Cherry Hill Courier Post

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Stalking victim in TV series this week Cherry Hill Courier Post NEPTUNE â€" Karen Welch says the stalking began with a 1 am phone c »

Insider report: Bruker cashes out Laukiens - Silicon Valley / San Jose Business Journal:

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million by selling 2.1 million shares of stock. It was the month’ds biggest payday among Massachusettsinsiders executives, directors and major shareholders — at locally based publiclhy traded companies, according to trading data provided by . But for Laukien and some of his familg members with close ties to the cash-out was just a small fraction of the hundredd of millions they have pocketex over the past 18 months. In five members of the Laukien family, includingy Bruker CEO Frank H. received $624.6 million in cash and othe compensation linkedto Bruker’x operations last year, according to Boston Business Journal researcy and company regulatory filings.
Put the group’s take was equalo to just over 60 percentof Bruker’s $1.1 billion in 2008 revenue. Nearly all of that payout some $620 million stemmed from Bruker’s February 2008 acquisition of BrukefBiospin Group, a developer of research tools and biotechnology equipment usingt magnetic resonance. The cash and stock deal was essentially a cash out for five Laukiehn familymembers — Frank Laukien, Marc Laukien, Isoldew Laukien-Kleiner and Bruker directors Dirk Laukienn and Joerg Laukien — who owned 100 percent of Bruker Biospin’s shares before the Frank, Joerg, Dirk and Marc Laukien are brotheras or half brothers, while Isolder Laukien-Kleiner is the mother of Marc and Dirk Laukien, accordingy to Bruker’s regulatory filings.
Bruker (Nasdaq: BRKR) completed a similar deal in June 2006 for life science s technology developer Bruker Opticwfor $135 million. As was the case for Bruker Biospin, Bruker Optics was owned by the same five Laukiend prior tothe deal, according to regulatory Mass. insider sales topped $95 milliohn While Marc Laukien was biggest insider sellerin May, his brothe Frank Laukien recorded the month'sz biggest acquisition of insider shares. The elder Laukiehn bought 100,000 Bruker sharex for $728,000 — representinb roughly half of the state’s $1.4t6 million in insider purchases recorded for allof May. By insiders sold $95.
9 million in shares in Massachusetts-base d companies during the same span. That total was nearly doublre the $49.2 million in local sales recordedein April. The following is a breakdown of May’s insider activity among Massachusetts-based companies. INSIDER SELLINGt IN MAY Name — Valur — Company — Ticker Laukien, Marc M $14,508,100 — BRUKER CORP. — BRKR Ryan, Vincen J — $11,076,073 Silverstein, Barry — $9,767,471 — Zarkin, Herbertf J — $9,000,975 Abele, John E — $8,868,600 — Healey, Sean M — $5,938,809 — Dalton, Nathaniel — $4,141,821 — AFFILIATED MANAGERS GROUP INC.
— AMG Yalcin — $2,925,343 — HITTITE MICROWAVEr CORP. — HITT Robert J — $2,574,191 — Boger, Joshuwa S — $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R $1,547,420 — Brooks, Rodney A $1,326,012 — Clark, Stuart J — $1,293,833w — Rossi, Jerome R — $1,235,438 Wiley, Fletcher H — $1,048,320 — TJX COMPANIESS INC. — TJX Smith, Ian F — $965,55y7 — VERTEX PHARMACEUTICALS INC — VRTX Aldrich, Davidx J — 944,852 — Grace, David R — $929,702 — BEACO N ROOFING SUPPLY INC. — BECN Richard E — $887,250 — AFFILIATED MANAGERd GROUP INC.
— AMG Waters, Gregory L $576,533 — SKYWORKS SOLUTIONSS INC. — SWKS Brady, William J $571,611 — Termeer, Henrji A — $544,849 — GENZYME CORP. — GENZ Alexis P — $486,52u7 — Coviello, Arthur W Jr — $480,000 — Douglas A — $474,705 — WATERS CORP. — WAT Michael R — $456,866 — Lopardo, Nicholas A $451,727 — Hughes, Robert W $444,652 — Mueller, Peter $438,860 — VERTEX PHARMACEUTICALS INC — VRTX Harold J — $438,525 — AFFILIATEfD MANAGERS GROUP INC.
AMG Vohra, Tajinder — $420,174 — GENPACr LIMITED — G Porter, Michael E — $417,400 — Griffin, Liam K $388,000 — SKYWORKS SOLUTIONS INC. — SWKS Von, Staatsw Aaron C — $382,800 Bellus, Daniel — $336,430 Maekawa, Mitsuru — $335,237 — GENPACT LIMITED — G Lawrence, Taylor W — $334,99w2 — Martin, Katharine A — $310,180 — Sanders, Charlesd Addison — $296,434 — VERTEX PHARMACEUTICALS INC VRTX Halliday, Robert J $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP.
— INDB Mayer, Max Alan — $245,9688 — PEGASYSTEMS INC. — PEGA Mehta, Piyush — $206,238 — GENPACT LIMITED — G William F Jr — $204,6112 — BOSTON SCIENTIFIC CORP. — BSX Welles, Michae l H — $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 GENZYME CORP. — GENZ Coppersmith, S James — $175,01t5 — BJ’S WHOLESALE CLUB INC. BJ Elias, Howard D — $168,5889 — EMC CORP. — EMC Levan, George M — $146,250 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglax I — $102,684 — PEGASYSTEMzS INC.
— PEGA Joseph P — $100,100 — Smith, Sandford D $92,786 — GENZYME CORP. — GENZ Collier, Earl M Jr $92,780 — GENZYME CORP. — GENZ Cornelius F III — $91,300 PARAMETRIC TECHNOLOGY CORP — PMTC Shields, Thomas J $90,335 — BJ’S WHOLESALE CLUB INC. — BJ Szabados, Michae l — $83,289 — Von, Rickenbachg Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richard Sears $61,120 — Rosen, Gary J — $57,864 — VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATESd INC.
— VSEA Santamaria, Angel Robert — $57,240 — AMERICAN SUPERCONDUCTOR — AMSC Smith, Alan E — $50,036 GENZYME CORP. — GENZ Concannon, Brian P — $42,906 Csimma, Zoltan A — $36,069i — GENZYME CORP. — GENZ Kurt C — $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,264 — Massaro, Georgre E — $22,695 — CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Sachdev, Amit — $22,269o — VERTEX PHARMACEUTICALS INC — VRTX Gerard F — $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathios A $17,179 — PEGASYSTEMS INC.
PEGA Garrison, Richard C — $15,135 — VERTEX PHARMACEUTICALS INC — VRTX Silva, Paul M $13,310 — VERTEX PHARMACEUTICALS INC — VRTX Bruce P — $10,040 — John W — $8,297 NETSCOUT SYSTEMS INC. — NTCT INSIDEeR BUYING IN MAY Name — Transaction value — Companyy — Ticker Laukien, Frank H — $728,100 — BRUKER CORPORATION — BRKR Mario, Ernest B $424,650 — Pepper, John E Jr — $106,680 — BOSTOm SCIENTIFIC CORPORATION — BSX Gregoire, Sylviee L — $45,727 — Doran, Howard B Jr $41,892 — Graveline, Kathleen — $38,475 Dawson, James — $22,150 — BOSTON PRIVATE FINANCIALL HOLDINGS — BPFH Holdener, Eduard E $19,840 — PAREXEL INTERNATIONAL — PRXL Vanderbrug, Gordon J — $9,836 — Paolo — $9,626 — , Ag — $8,089 — Barabe, Timothy C — $5,32q2 — ARQULE INC.
ARQL Loberg, Michael D — $2,873 — ARQULE INC. ARQL Sloane, Barry R — $481 — INC. CNBKA

Onion growers fined $180,000 for pesticide misuse - Triangle Business Journal:

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The civil fines, totaling $180,000, are connectex with the application of Furadan and Basagran on 18 fieldsw during the 2008 growing Oregon pesticide law prohibits the use of pesticides on crop for which they arenot labeled. Neither Furadanh nor Basagran is approved for No residue was found on marketed Onions from two of the affecte d fields were destroyed bythe grower. The penaltiews are the maximum allowexd underthe law. All fines may be contested througgh anadministrative hearing. • of Nyssa was finedf $10,000 for applying Furadan to one fieldand $50,000 for applying Basagran to five fields. • David Navarrete of Ontario wasfinee $10,000 for using Furadan on one field.
Kris Yano of Ontario was finef $70,000 for applying Basagran on seven • of Nyssa was fined $30,000 for applyintg Basagran on three fields. Froerer previously was fined for misusinyg pesticides during the 2006growing • Craig Crawford of Ontario was finecd $10,000 for applying Basagran on one field. Crawford also was previouslyu fined for misusing pesticides during the 2006growingg season. Onions are Oregon's 16th-largest crop, worth nearl y $50 million to the state's economy, according to the Department of Agriculture.

'Jimmer worship' remark brings Facebook fury - Salt Lake Tribune

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Kansas City Star

'Jimmer worship' remark brings Facebook fury Salt Lake Tribune Cut it out with the Jimmer worship. Last time I checked, idol worship was very much frowned upon in the scriptures.” Bold words … especi »

Nine companies on Moody

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The nine — , , , , , , , and are among 283 American corporation s carrying debtthat Moody’s considers very highly speculativre or more risky. Moody’s classifies those firms as “B3” with a negative outlook or lowerd on itsratings scale. The rating agenchy formalized its bottom rung grouop for the first time in but based on2008 ratings, 157 companies would have met the same Of that 2008 group, one sole company (Houston-based ) received a ratinh upgrade; 23 others slipped off the bottomj rung and into default or had their ratings withdrawn by Moody’s.
All of the Dallas-basedr companies and New York-based Six which operates the Six Flags Over Texas amusementg park and Six Flags Hurricand Harborwater park, both in Arlington, would have been on this list if it had been compilesd last year. In formalizing the information into a the ratings agency is arguing that these firm face an increasing risk of defaulting ontheitr debt. And in the currenyt financial environment, they have limited options for improvingytheir situation. “The right thing to try to do is saidBrian Bruce, a finance professor at ’sa Cox School of Business.
Banks, landlords and other dependent on a company for a revenuer stream would rather preservee a portion of that revenue for the long term than risk losinygit altogether. Raising money from equitu investors — the flip side to cuttiny expenses or renegotiatingfinancing — is less appealing: “Evenn if people wanted to buy your stock, wouldx you want to (sell a stake of the at such reduced levels?” Bruce said. If equityt markets remain moribund and if debtholders aren’ft willing to renegotiate, that leaves default and The lowest rated of the Dallasa bunch, the yellow pages publisher and online informatio n lister Idearc Inc.
, followed up its placement on the list with the admissioj that the company may file for Chapter 11 bankruptcyu reorganization to combat the challenges it faces. That statemengt was met with resistance bythe company’s largesft shareholder. Jack Corwin, a Calif., investor, has argued that the company has many optionxsbefore bankruptcy. Based at Dallas/Fort Worth International Idearc has faced the twin levers of dwindlinbg revenue from its core business of printg publishing and paying offsome $9.3 billion in debt, the vast majoritu of which it was saddled with when it was spun off from in November 2006.
Company officials referred questions aboutfthe company’s placement on the “Bottomj Rung” to its March 12 earnings releasse for the fourth quarter of 2008. In that Idearc said restructuring its capitalizationh and debtobligations “to a more appropriate level will providee us with the opportunity to prosper and grow in the year ahead.” Similarly, Six Flags is struggling to cope with some $2.3 billiom in total debt. The major problem, accordin to Jeff Speed, the New York-based company’s executive vice presidentg and chieffinancial officer, is two chunks of debt totalingh about $400 million that come due in Augusft and in February 2010.
“We’re in the midsft of negotiations with creditors to achievwe a restructuring of our obligations ona consensual, out-of-courr basis,” he says. This Six Flags’ CEO Mark Shapiro said durinfg a conference call that an unnamed debt holde has refused to negotiate with the Speed concurred, saying, “We have widespread support from creditors, one being the but we are continuing to push for a resolution.” Speeed says that he doesn’gt have a problem with the company being on the Moody’s but adds that unlike many firms in the “Bottom Six Flags’ underlying business is doingt well.

Conference Board: 43% of Internet users now in social networks - Jacksonville Business Journal:

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Of Web users, 43 percen use a social networking Web up from 27 percent last the nonprofit global research group said in its quarterly ConsumeInternet Barometer. The most popular site is Facebook, used by 78 percenrt of socialnetwork participants, followed by MySpace (42 LinkedIn (17 percent) and (10 percent). The surveyt tracks about 10,000 Internet-equipped households nationwide. It said seniorzs age 55 and older are quickly increasinh their use ofsocial networks, up from 6 percent last year to 19 percenr this year. Women are more likelgy than men touse social-network sites (48 percent versus 38 percent).
The majoritt of users log on at home, The Conferenc Board said, with a quarter loggin g on at work, and 10 percent connectin g throughtheir phone. More than half say they log on at leas t oncea day. "Online sociao networks are more than just a fad among the younger saidLynn Franco, director of The Conference Boarcd Consumer Research Center, in a statemen Tuesday. "They've become an integral part of our personall andprofessional lives. They’re an effective way to keep in touchnwith people, connect with friends and family, and networo with colleagues. "Social media will also transform marketing as weknow it.
They’rwe powerful communication tools, and are becominyg an essential part of successfuplmarketing strategies." The survey said Facebookk is equally popular among men and women, while women are more likelt than men (47 percent versus 35 to use MySpace and more men than womejn (21 percent versus 15 use LinkedIn. Users of the micro-blogging site Twitter said theirr top reasonsfor "tweeting" are to connect with friends (42 update their status (29 percent), look for news (26 and for work-related reasons (22 percent).

Bo knows nothing of a Nebraska job posting - msnbc.com

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Bo knows nothing of a Nebraska job posting msnbc.com ”That could be for an internship or it could be that (Jeff) Jamrog (assistant AD for footb »

Former professor reflects on the significance of DNC in Charlotte - North Carolina News Network

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Former professor reflects on the significance of DNC in Charlotte North Carolina News Network (CHAPEL HILL) -- With the 2012 Democratic National Convention coming to Charlotte, North Carolina will become the political focal point in the month leading ... Charlotte to host 2012 Democratic National Convention The Daily Tar Heel Mpls loses bid for 2012 Democratic Convention KARE  »