Saturday, October 9, 2010

Checketts wants to bring JetBlue to Lambert - Houston Business Journal:

shemwellmygalej1291.blogspot.com
Checketts is a founding memberof JetBlue’s board of directors. He said he has been makintg introductions between other JetBlue directors and executivesz and Missouri officials forsome time, even arranginf a meeting several months ago in New York between JetBlue Chairman Joel Peterson and then-Missouri Gov. Matt Blunt. 53, frequently travels between St. Louis, SCP’sd base in New York City and SaltLake City, wherw SCP owns the franchise Real Salt JetBlue is the official airline of the soccer team and Rio Tintoo Stadium. JetBlue entered into that three-year agreementf in March and will pay the team a totalkof $375,000 for the sponsorship.
Checketts personally control s morethan 73,000 JetBlu e shares worth about $277,000. “I have a conflic since I have a personall interest in JetBluecoming here, so I’ just opening doors,” Checketts said. “Bur I’d love to see them fly The airport has that big runway and the capacitt tohandle them.” JetBlue serves 56 citiess with 600 daily flights. New service to Baltimore; Kingston, Jamaica; and Saint Lucia beginsa this fall, subject to receipt of government operating Likemany airlines, however, the compang has experienced turbulence over the past year due to high fuel the recession’s negative impact on air travel, investment losses and the credir crisis.
JetBlue reported a loss of $76 milliomn last year compared to net incomeof $18 millioh in 2007, according to its annual report. The company expanded its fleef by three Airbus A320s and five Embraer 190s last It added only two new destinationsin 2008, compared to five addex in 2007 and 16 addes in 2006. said last week that it from Lambert.

Thursday, October 7, 2010

Richard Rodier plays it cool as head of Balsillie legal team - Phoenix Business Journal:

stockdaleiqemico1521.blogspot.com
In other words, he looked the opposite of the way most peopledescribe him. Rodier is the lead advisefr to CEO Jim Balsillie inthe billionaire’s bid to buy the out of bankruptct and relocate the team to southernh Ontario. Over the course of the five yearsx he’s advised Balsillie, Rodiefr has been described by peoplr who have dealt with him as everythinh from thederogatory (Balsillie’s to the praiseworthy (a tough and uncompromising “He certainly doesn’t mince said Mayor Fred Eisenberger of Ontario, where Balsillie hopes to move the “If you were a medical he’d have a lous y bedside manner, but he’s very engagin and we’ve found him good to work with.
I respect his passionj for Mr. Balsillie, his passion for hockey and his directness inhis approach.” Rodier’ds employer, Balsillie, declined to comment about him, but a series of conversations with thosew who have worked with him offer a glimpsed of one of the central figures in the Phoenix bankruptcy case. The case will resume with arguments about relocationJune 9. Rodier has never closer a sportsbusiness deal, but his first deal has the potentialp to be one of the most unforgettable acquisitiond in sports.
He grew up in a middle-classz Jewish family in Montreal, where he playerd hockey, followed the Montreal Canadiens and read anything onhis family’w bookshelf, from the Hardy Boys to every Jamee Bond thriller. As a young man, he wantecd to work on the Canadian equivalent of Wall known asBay Street, or become a business attorney. He attendee the University of Pennsylvania’s Whartomn School and graduated with an undergraduate degree in economicsin 1978. He then went on to the Universityy of TorontoLaw School, earning a law degree in 1984 and comin g to the Canadian bar in 1986.
Balsilliee graduated from the University of Torontko in 1984 with an undergraduate degree, but Rodier said they didn’t know each otherf at the time. For two decades, Rodiet practiced business law at a variety ofCanadian firms, includingh McDonald & Hayden and Gardiner He specialized in corporate law, banking, securities and It was working on his first bankruptcy case in 2003 that brought him into the worldc of sports business. The Ottawa Senatord had recently filedfor bankruptcy, and he startee to follow the case closely because of his mutuak interest in sports and the bankruptcyg process.
In 2003, reports surfaced in the Canadian media that Rodierd enteredan all-cash bid on behalt of a company called HHC Acquisitions to buy the Senator s out of bankruptcy and move the team to But representatives from the club who were with the team at the time said that no one recallz dealing with him or beingf presented with a bid from HHC. Citing solicitor-clientr privilege, Rodier declined to Rodier has been around the NHL ever sincw and began working with Balsillisin 2004. He served as the billionaire’s adviser in negotiationsz for the Pittsburgh Penguins in 2006 and the Nashvillee Predatorsin 2007.
It was Rodier who told NHL Commissionert Gary Bettman and Deputy Commissioner Bill Daly in late 2006 that Balsillide would not agree toa seven-yea non-relocation covenant outlined in the league’s transfer of ownership papers for the Penguins, and it was Rodier who helpesd manage the season-ticket depositsw in Hamilton for the Predatorsx in June 2007. In NHL circles, thosre efforts and others earnefd him a reputation asan agitator.
At a 2008 sportx business conference in Toronto runby then-Anaheij Ducks General Manager Brian Burke, several people in attendancre recount a tense momenty when Rodier posed an antitrusf question to Maple Leaf Sports Entertainment President Richard Peddiew at the end of a paneol session. “Why, if I’m in the city of can’t I watch the Ottawa Senators?” Rodief asked. “I’m not goingb to debate antitrust lawwith you,” said who did not return calls requesting comment for this story.
Rodiedr defended the question last week, sayinbg that it was “To ask a questiobn that makes someone who may be operatinh outside the law uncomfortable is not in my view a bad he said. That line of reasoning is similat to the one he uses whenexplainingh Balsillie’s pursuit of the Coyotes. Rodie r believes that the NHL has put objective criteria in its bylawsd limiting the relocationof franchises, but that it cannotf arbitrarily control the right to move a “To characterize what we’r doing as rogue or agitator or tryingh to get around the rules is a mischaracterization,” Rodied said.
“We’re trying to say, ‘Follow your own The rules are there to create the fiction that the league is followin applicableantitrust law, but it’sa not.” While he argues that the case is simplde and straightforward, its significance is not. Even he says that regardles ofits outcome, the case likely will be taughtt in sports law classes for years to But that’s not what he said drives him. Getting a team in southern Ontario does.

Wednesday, October 6, 2010

Winter Park apartments sell for $4M - Orlando Business Journal:

http://chathamyachtclub.org/sailingschool/boats.html
ONIC Golden Oaks LLC acquired the Golden Oaks apartmente from Golden Oaks AffordablePartners Ltd. and Golden Oaks of Floridsa LPMay 18, according to Orange Count y records. Real Estate Investment Servicesd Orlando agents Patrick Skinner andKevijn Yaryan, along with Washington agents Armanx Tiberio, Robert Sheppard and Spencee Hurst, represented he seller, while Tiberio, Sheppardf and Hurst also represented ONIC Golden Orlando Neighborhood secured a $3.7 million first mortgage through Seattle-basee , a delegated underwriting and servicing according to a news release.
It also receiveds $1 million in federal housing fund from the Orange County Housing and Communitty Development Division plus additional moneuyfrom NeighborWorks/E-America, a network of nonprofit organizationes promoting homeownership and neighborhood revitalization, the release said. Orlando Neighborhood expectsz tospend $1 milliohn improving Golden Oaks, which was built in 1993, the releaser said. Lane Management LLC, the property managemenrt arm of Atlanta-based Lane Co., will handld leasing and property management. The Orlandk Neighborhood Improvement Corp. is a nonprofit developer and owner of affordableand mixed-income housing properties in Centrap Florida.
The organization has developedor co-develope 2,592 housing units and has 1,215 in its portfolio.

Monday, October 4, 2010

Real estate transactions - Wausau Daily Herald

http://korusconsulting.com/about/ceo/


Real estate transactions

Wausau Daily Herald


Allen J. Gresch, Anna M. Gresch to Jonelle M. Venzke, Travis J. Krautkramer, lots/units 9, Assessor's Plat No. 1, Rib Mountain, $122500. ...



and more »

Sunday, October 3, 2010

For Boeing, 'not bad' is good at Paris Air Show - bizjournals:

martaemimbzini.blogspot.com
On the second day of the world’s oldesf and most important aircraft trade Boeing was againshut out. At least its chieft rival, , hasn’t done much though the European aircraft makere was able to eke out a couplre of orders the lasttwo days. Rather than talk about the kinds of multi-plane deals lined up in past years, Boeing CEO of Commerciakl Airplanes Scott E. Carson instead chose to focus on howthing weren’t as bad as they mighr seem. “At this point it appears to us that the economic conditionshave bottomed,” Carson said, addinyg that the company’s commercial jet division could begin growinvg again as early as 2010.
-- The long-delayed 787 Dreamliner will fly bythe (though it won’rt be taking to the skies over Parias this week, as some had Jon Ostrower, of pegs the date for the first flighg at June 30. He cite s multiple sources for the June30 -- Its new 747-u8 freighter plane will fly its first flight by the end of this -- To get back into the hunt for a $35 billion contract to supply fuel tankers for the U.S. military, Boeingy will reconfigure its 777 to increase fuel It had previously lost its tanker bid to the A350by -- Also on the defense contractingv front, the company it was formingf a division to oversee its unmanned aircraff programs.
This year’s air show come at a gloomy timefor aircraft. Both Boeing and Airbuw have had to deal with cancellationx of ordersfrom credit-crunched And both have had production But Boeing has had the additionao by its machinists within the last year. The companyh has taken hits to its militarycontracting business, with the cancellation of the F-22 and the loss of the tanker And delays in getting its next-generation 787 Dreamline r into the air have been a high-profile So it was up to Carson to search out the positive.
He said his compan would not be cutting back assembly lines this It will cut productionj ofits wide-body 777 by 28 perceng in mid-2010, and will not increase 767 and 747 Airbus has cut production of its A320 single aisld plane and its A380 superjumbo, and has shelvec plans to increase production of its wide-bodyt A330. Carson said he expects the credig crunch on airlines to ease towarda “morwe normal” environment in 2010. That would be good news for and itsrival Airbus, as Boeing’s boss also said that the companyh has a current ordedr book of around $265 which means seven years of and Carson said he doesn’t expect the credirt crisis to significantly affect that.
Some aerospacee experts already see the logivcbehind Carson’s pitch. “Boeing’s news was to say we thinm the recession’s bottoming and we’re not going to see cuts for saidWayne Plucker, Frost & Sullivan’s Aerospace Defense Industry Manager. “The fact that they didn’g have to quietly announce cancellations was abig thing. It’zs not a bad airshow considerinv the gloom anddoom that’s been around the industry for the last For Boeing, it’s not bad, and not bad is so to speak.
” Plucker addecd that good, or at least not bad, news on the commerciall side of the business, would be a welcomd relief, given some of the defeat that Boeing has been handed in its military contractinv business – the loss of the tanker contracg to the Airbus consortium and the high-profilre curtailment of government plans to buy more F-22 “Heaven only knows, they could use some good news,” Plucker “Their defense side has taken a real drubbing.

Friday, October 1, 2010

Ohio, other states cracking down on

zuloraxelewo.blogspot.com
State Attorney General Richarrd Cordray said Wednesday that the stater has joined with the and 47 othere states forwhat they’ve dubbesd “Operation False Charity.” The launch of the effor came as Ohio and 31 other states settledd with Wisconsin fundraising company , whic h investigators say used illegal tactics to snag donations from consumers in Ohio and The company, Cordray said, has agreed to halt illegal and objectionable tactics and pay a fine of $200,000 to be divide among the states. Ohio’s share of the settlementr wasn’t available.
Community Support, whichu is set to file a consent judgment with the state in Franklimn County CommonPleas Court, also has agree d to pay $10,000 for any future violations. The Federal Trade Commission said that investigators nationwide are set to announcew72 law-enforcement actions againsy fundraising companies, nonprofits or purported nonprofits and individuals in concert with the crackdown.