http://blog4realestate.com/moving-new-york-offers-hassle-free-relocation-services/
The Milwaukee real estate investmentf and development company did not disclose the price paid for the New Fountaina Apartments at 5401Williamsburg Way. Financing for the transaction was securedx in part througha $20 million mortgagee loan originated through the Wisconsi n Housing and Economic Development Authority. As a condition of the WHEDAq financing deal, Mandel will offer a number of apartmentsd at a reduced rental ratefor low- to moderate-incomr residents.
Some of the WHEDA loan proceeds will be used to rehabilitatee some of the units at the NewFountains , a wholly owned subsidiaruy of Mandel Group, was hired in July 2007 to manage the New Fountainsx Apartments and raised the occupancy rate from 80 percenr to 96 percent in less than two Don Lindeman, president of Mandel Properthy Services, said his company is looking for more acquisitions in the Madison-areas market. “It’s only natural for us to continure to seekout long-term ownership opportunities in a markeg that we know and understand well,” said Lindeman.
Saturday, October 30, 2010
Friday, October 29, 2010
KC hits pavement for stimulus; city lobbies for money to add infrastructure, jobs - Kansas City Business Journal:
http://adamswatersheds.org/conclusion.html
The city recently submitted the list, compiled by the city manager’se office, to its federal lobbyist. “This is not just givingf people checks,” said Councilman Russ Johnson, chairmamn of the City Council’s transportation and infrastructurs committee. “It’s investing in stufgf that’s right here in Kansas City. Local peoplwe will be making the putting it downand ... Any economist will tell you that infrastructure investment is always a good deal for the economh in thelong run.” Hopews have risen that the federal government will financer in-progress and fast-tracked infrastructure projectds to stimulate the economy. On Nov.
24, President-elecgt Obama said in a speechg that he wanted to create andsave 2.5 milliohn jobs by rebuilding transportation infrastructure such as roada and bridges, modernizing schools and buildinbg clean-energy infrastructure. He said he would provide an overviews of initial recommendations in the coming Without morefederal money, metro-area projects could suffer. The Kansas Department of Transportation said this month that it wouldsuspenc two-thirds of the $314 million in constructiobn projects planned during the next two months because of financial uncertainty. In September, Congress approved an $8 billion transfer to the Highway Trust Fund to help states getthrough 2009.
Without further congressional KDOT predictsa $160 million, or 45 drop in federal money for 2010, as well as uncertain stated revenues. The hasn’t yet had to delay projectws but could ifrevenue — primarily from vehicler sales and fuel taxes — continuesx to decline, spokeswoman Kristi Jamison said. For May through vehicle sales tax revenuefell 13.8 percent, or $8.7 compared with the same period a year ago. Fuel tax receiptss fell 6.6 percent, or $18.21 million. Infrastructure projects could help cities withtheitr short-term economic troubles while providing lasting Kansas City has about a $4.
5 billion backlog on capital projects, and as one of the 30 largestg municipal areas in the it is one of the places economic problems are felt most acutely, Johnsomn said. The projects the city lister in search of federal stimulus financiny includeresurfacing streets, widening building bridges, repairing sidewalks and connectint traffic signals. “So many decisions are not getting made becausepeopled don’t know how to pay for Johnson said. “The city and state can only spenxd as much money as theybring in. It’a a spiraling problem. The federal governmeng really needs to inject deficig financing intothe economy, in my opinion.
” Johnson said Obama’s ideas are “right on His main concern is that money mightt get “jammed up in bureaucracy.” “We want as much as we can get as soon as we can get Johnson said. Olathe officials testified in Topekw this month about the importance of a new comprehensiver highway programin Kansas. The current 10-year plan ends next In Olathe, interchange projects have created jobs and drawnh hundreds of millions of privateinvestment dollars, spokesman Tim Dannebergv said.
But the financing shortfall in Kansas and for many cities makews it tough to take on new Federal financing for infrastructure would be significanrt for companies such asKansas City-based , spokesmaj Don Clarkson said. The company has begunm cutting jobs little by little as some work it counteron doesn’t look like it’s “If things don’t change with it’s just going to get worse,” he But a city like Kansas City could get a greaty payback by landing financing for infrastructure projects.
“They’rs not only getting great projects, but the peopl e building them are turning around and puttinfg the money back intothe economy,” Clarkson
The city recently submitted the list, compiled by the city manager’se office, to its federal lobbyist. “This is not just givingf people checks,” said Councilman Russ Johnson, chairmamn of the City Council’s transportation and infrastructurs committee. “It’s investing in stufgf that’s right here in Kansas City. Local peoplwe will be making the putting it downand ... Any economist will tell you that infrastructure investment is always a good deal for the economh in thelong run.” Hopews have risen that the federal government will financer in-progress and fast-tracked infrastructure projectds to stimulate the economy. On Nov.
24, President-elecgt Obama said in a speechg that he wanted to create andsave 2.5 milliohn jobs by rebuilding transportation infrastructure such as roada and bridges, modernizing schools and buildinbg clean-energy infrastructure. He said he would provide an overviews of initial recommendations in the coming Without morefederal money, metro-area projects could suffer. The Kansas Department of Transportation said this month that it wouldsuspenc two-thirds of the $314 million in constructiobn projects planned during the next two months because of financial uncertainty. In September, Congress approved an $8 billion transfer to the Highway Trust Fund to help states getthrough 2009.
Without further congressional KDOT predictsa $160 million, or 45 drop in federal money for 2010, as well as uncertain stated revenues. The hasn’t yet had to delay projectws but could ifrevenue — primarily from vehicler sales and fuel taxes — continuesx to decline, spokeswoman Kristi Jamison said. For May through vehicle sales tax revenuefell 13.8 percent, or $8.7 compared with the same period a year ago. Fuel tax receiptss fell 6.6 percent, or $18.21 million. Infrastructure projects could help cities withtheitr short-term economic troubles while providing lasting Kansas City has about a $4.
5 billion backlog on capital projects, and as one of the 30 largestg municipal areas in the it is one of the places economic problems are felt most acutely, Johnsomn said. The projects the city lister in search of federal stimulus financiny includeresurfacing streets, widening building bridges, repairing sidewalks and connectint traffic signals. “So many decisions are not getting made becausepeopled don’t know how to pay for Johnson said. “The city and state can only spenxd as much money as theybring in. It’a a spiraling problem. The federal governmeng really needs to inject deficig financing intothe economy, in my opinion.
” Johnson said Obama’s ideas are “right on His main concern is that money mightt get “jammed up in bureaucracy.” “We want as much as we can get as soon as we can get Johnson said. Olathe officials testified in Topekw this month about the importance of a new comprehensiver highway programin Kansas. The current 10-year plan ends next In Olathe, interchange projects have created jobs and drawnh hundreds of millions of privateinvestment dollars, spokesman Tim Dannebergv said.
But the financing shortfall in Kansas and for many cities makews it tough to take on new Federal financing for infrastructure would be significanrt for companies such asKansas City-based , spokesmaj Don Clarkson said. The company has begunm cutting jobs little by little as some work it counteron doesn’t look like it’s “If things don’t change with it’s just going to get worse,” he But a city like Kansas City could get a greaty payback by landing financing for infrastructure projects.
“They’rs not only getting great projects, but the peopl e building them are turning around and puttinfg the money back intothe economy,” Clarkson
Wednesday, October 27, 2010
Defense contractors General Dynamics, Northrop Grumman see profit, revenue rise - Washington Post
otomaqaqaba.blogspot.com
Kansas City Star | Defense contractors General Dynamics, Northrop Grumman see profit, revenue rise Washington Post Defense contractors General Dynamics and Northrop Grumman on Wednesday reported gains in profits and revenue for the third quarter, ... Defense Plays Offense As Northrop, General Dyanmics Raise Guidance General Dynamics, Northrop profits top estimates Northrop Surpasses Zacks Estimate |
Tuesday, October 26, 2010
Mortgage rates reach 6-month high; 5.7% in Colo. - Denver Business Journal:
http://www.oneiroidpsychosis.com/htm/livedates.htm
says 30-year mortgages averaged 5.59 percent, up from 5.29 percentr last week. The last time long-term mortgage rates were this high was inNovembedr 2008. In Colorado, 30-year fixed rates stoods at 5.7 percent Wednesday, up from 5.52 percenrt just a week earlier, Mortgage Marketplacde . Through most of April and May, Coloradk rates were just over5 percent, Zillow record show. Adjustable rate mortgages also rose with theaverage one-year ARM now abover 5 percent at 5.04 “Mortgage rates followed the increase in bond yields this says Freddie Mac (NYSE: FRE) chiefc economist Frank Nothaft, who notes a better-than-expected unemploymenyt report moved yields higher.
“As a federal funds futures rose after the signaling that the market expect s the Federal Reserve may raise its benchmarkl rate sooner ratherthan later.” A report from the this week showed rising mortgage rates are slowint the demand for mortgage refinancing. Mortgage applicationxs last weekfell 7.2 percent, led by a 12 percent declind in refinancing. Refinancing existing mortgagezs still makes up about 60 perceng of the mortgageunderwriting
says 30-year mortgages averaged 5.59 percent, up from 5.29 percentr last week. The last time long-term mortgage rates were this high was inNovembedr 2008. In Colorado, 30-year fixed rates stoods at 5.7 percent Wednesday, up from 5.52 percenrt just a week earlier, Mortgage Marketplacde . Through most of April and May, Coloradk rates were just over5 percent, Zillow record show. Adjustable rate mortgages also rose with theaverage one-year ARM now abover 5 percent at 5.04 “Mortgage rates followed the increase in bond yields this says Freddie Mac (NYSE: FRE) chiefc economist Frank Nothaft, who notes a better-than-expected unemploymenyt report moved yields higher.
“As a federal funds futures rose after the signaling that the market expect s the Federal Reserve may raise its benchmarkl rate sooner ratherthan later.” A report from the this week showed rising mortgage rates are slowint the demand for mortgage refinancing. Mortgage applicationxs last weekfell 7.2 percent, led by a 12 percent declind in refinancing. Refinancing existing mortgagezs still makes up about 60 perceng of the mortgageunderwriting
Sunday, October 24, 2010
Colorado budget shortfall estimated at $384M - The Business Review (Albany):
http://webinvest-ok.ws/indexcz.php
But while legislators mentioned a number of possiblde ways toreduce spending, Gov. Bill Ritter insister it was too early to discuss specifics and said that he wants to meet with legislativd leaders and budget staffers beforemaking MORE: MORE: With personal income-tax and sales-tasx revenues on the decline, the state’s non-partisan Legislative Councik said Monday that Colorado’z revenue will fall short of balancing the budget by $249 millioj for the fiscal year that ends on June 30.
Ritter said he plana to employ an accountinh measure in which he will transfer the money from cash funds onJune 30, the last day of this fiscao year, and transfer them back on July 1, to balance that However, the continuing economic downturn is expected to leave the statew budget $384 million shorr of allocated spending in the fiscal year that beginsx July 1 and a cumulative $873 millioj short through the 2010-11 fiscal year, Legislative Councill economist Natalie Mullis And that means the Legislature will once again have to beginh looking at stiff program cuts or ways to raise new “We’re in a continuing crisi s here,” said Sen.
Abel Tapia, after the forecast was presented tothe Legislature’e Joint Budget Committee Monday “I was hoping for the better, and it didn’ty happen for the it seems.” The Legislature can shav e about $150 million off of next year’w shortfall by once againj cutting the state’s required reserve funds from 4 percenyt to 2 percent of the general-fund But major changes are needee in both the short term and the long term to briny the state budget into order, severa l legislators agreed.
Senate Majorityy Leader John Morse, D-Colorado Springs, suggested that the idea of takingfsome $500 million from Pinnacol’s reserve accounts must be on the tabl e again, though he wants to hear from an interi m committee studying the issued before deciding whether to back such a The idea was shot down this year after loud oppositioh from the business community and from Ritter. Sen. Al R-Hayden, does not believe such a raid is but he thinks the Legislature must take the next couplee of months to consider the idea of sellintg Pinnacol to a private a move that could net the state as muchas $2 he said.
Any sale must require conditions that shareholders in the insuranc e plan receive the same benefitsz theynow get, he said. Sen. Moe D-Wheat Ridge, said the state has to consider raising collegs tuition or closing another House Majority LeaderPaul Weissmann, suggested that the state will have to considefr closing some drivers’ licenses officezs several days a week or even closin one or two community colleges. “I think that’a a terrible choice — but one we mighyt have to make,” Weissmann said. Ritter refused to cite potential cutbacks or to take anythinhg offthe table, saying that because the forecast is so new, leaderxs must take time to look it over.
He also gave no timetabl e on when he would recommend measures that includweprogram cuts, a continued hiring freeze or layoffs but addexd that they would be better off beinf done shortly into the next budgert year. Ritter neither endorsed nor ruled out a specia session to deal withthe budget. House Speaker Terrance Carroll, emphasized that because the Legislature approved contingenct plans for such an economic forecasg before thesession ended, there is no need for such a “We worked hard to balancw the budget in a bipartisan way. While the predicted shortfall is it’s not surprising,” Carroll said.
House Minority Leader Mike May also said he would prefer to avoid aspecial session, since any requirementr for the Legislature to come back will cost the stat e money. But if the governor does not step forwarr to recommend cuts that should includee layoffsand furloughs, the Legislature could act to bringg about a session itself, the Parker Republicanh said. “We need to stop spendin g and stopright now,” May said.
“Everg community in the state has had to do reductions and Andwe haven’t done much of that so
But while legislators mentioned a number of possiblde ways toreduce spending, Gov. Bill Ritter insister it was too early to discuss specifics and said that he wants to meet with legislativd leaders and budget staffers beforemaking MORE: MORE: With personal income-tax and sales-tasx revenues on the decline, the state’s non-partisan Legislative Councik said Monday that Colorado’z revenue will fall short of balancing the budget by $249 millioj for the fiscal year that ends on June 30.
Ritter said he plana to employ an accountinh measure in which he will transfer the money from cash funds onJune 30, the last day of this fiscao year, and transfer them back on July 1, to balance that However, the continuing economic downturn is expected to leave the statew budget $384 million shorr of allocated spending in the fiscal year that beginsx July 1 and a cumulative $873 millioj short through the 2010-11 fiscal year, Legislative Councill economist Natalie Mullis And that means the Legislature will once again have to beginh looking at stiff program cuts or ways to raise new “We’re in a continuing crisi s here,” said Sen.
Abel Tapia, after the forecast was presented tothe Legislature’e Joint Budget Committee Monday “I was hoping for the better, and it didn’ty happen for the it seems.” The Legislature can shav e about $150 million off of next year’w shortfall by once againj cutting the state’s required reserve funds from 4 percenyt to 2 percent of the general-fund But major changes are needee in both the short term and the long term to briny the state budget into order, severa l legislators agreed.
Senate Majorityy Leader John Morse, D-Colorado Springs, suggested that the idea of takingfsome $500 million from Pinnacol’s reserve accounts must be on the tabl e again, though he wants to hear from an interi m committee studying the issued before deciding whether to back such a The idea was shot down this year after loud oppositioh from the business community and from Ritter. Sen. Al R-Hayden, does not believe such a raid is but he thinks the Legislature must take the next couplee of months to consider the idea of sellintg Pinnacol to a private a move that could net the state as muchas $2 he said.
Any sale must require conditions that shareholders in the insuranc e plan receive the same benefitsz theynow get, he said. Sen. Moe D-Wheat Ridge, said the state has to consider raising collegs tuition or closing another House Majority LeaderPaul Weissmann, suggested that the state will have to considefr closing some drivers’ licenses officezs several days a week or even closin one or two community colleges. “I think that’a a terrible choice — but one we mighyt have to make,” Weissmann said. Ritter refused to cite potential cutbacks or to take anythinhg offthe table, saying that because the forecast is so new, leaderxs must take time to look it over.
He also gave no timetabl e on when he would recommend measures that includweprogram cuts, a continued hiring freeze or layoffs but addexd that they would be better off beinf done shortly into the next budgert year. Ritter neither endorsed nor ruled out a specia session to deal withthe budget. House Speaker Terrance Carroll, emphasized that because the Legislature approved contingenct plans for such an economic forecasg before thesession ended, there is no need for such a “We worked hard to balancw the budget in a bipartisan way. While the predicted shortfall is it’s not surprising,” Carroll said.
House Minority Leader Mike May also said he would prefer to avoid aspecial session, since any requirementr for the Legislature to come back will cost the stat e money. But if the governor does not step forwarr to recommend cuts that should includee layoffsand furloughs, the Legislature could act to bringg about a session itself, the Parker Republicanh said. “We need to stop spendin g and stopright now,” May said.
“Everg community in the state has had to do reductions and Andwe haven’t done much of that so
Saturday, October 23, 2010
NLCS: Five important questions heading into tonight's Game 6 - Yahoo! Sports (blog)
http://peegel.com/2010/10/tag_heuer_meridiist__novii_konkurent_vertu/
Globe and Mail | NLCS: Five important questions heading into tonight's Game 6 Yahoo! Sports (blog) Across the field, the Philadelphia Phillies are relieved to be back playing in front of the home fans, even if their backs remain firmly against the w » |
Thursday, October 21, 2010
Sold out: Limited edition Porsche 911, NM Camaro convertible - CNET (blog)
http://webvery.info/?f=2
New York Daily News | Sold out: Limited edition Porsche 911, NM Camaro convertible CNET (blog) Also sold out is the special edition 2011 Chevrolet Camaro Convertible featured in this year's Neiman Marcus Christmas Book. Limited to 100 units, ... Porsche Confirms » |
Wednesday, October 20, 2010
New Vine Logistics situation gets murkier - Business First of Columbus:
http://www.7iwarforum.org/article/Adding-Cocoa-Beans-to-Your-Daily-Diet.html
“For us to disclose any information aboutthe buyer, New Vine’ws board would have to accep t or reject an offer,” New Vine spokeswomanh Charlotte Milan told the San Francisco Business Timeas , adding that no further informationb about New Vine’s negotiations with two or three potential buyers is likely to be available June 4. Late Wednesdaty and very earlyThursdat morning, informed sources told the Business Times that 1-800-Flowers.com appeare d set to win the sweepstakes to buy the broken piecees of New Vine, which startled the wine industry late last week by abruptly suspending operations.
As of early Thursdagy morning, an announcement of a deal with 1-800-Flowers, which owns the Wine Tastingb Network Servicesshipping company, appeared to be imminent. But that deal broke down sometime in thewee hours, leavingv New Vine’s future uncertain. Wine Tasting Network, accordinyg to its LinkedIn profile, provides wineru and wine club direct marketing as well as fulfillmentand e-commerc e services to wineries and wine Officials at WTN did not immediately respond to requestz for comment, but many in the industry see WTN as the most logica player to pick up some of New Vine’s New Vine, which two yearsz ago seemed poised to ship 20 perceny of California’s direct-to-consumer wine market, laid off much of its stafr on Friday and brusquely told customers over the weekend that it was no longedr receiving or processing orders.
The move left many Wine Countrh providers scrambling to gather information and to figure out how to get back inventory atNew Vine’ s American Canyon warehouse so they could ship it to customers anothef way. Published accounts said some ofthe company’s venturee capital investors effectively pulled the plug last week, by declininy to invest additional capital in New “Some people changed their minds at the last minute,” said Barbaraz Insel, a wine industry analyst who has server on New Vine’s advisory board.
Kathleen Hoertkorn, New Vine founder and former CEO, and Chairman of the Boars Homer Dunn said Tuesday that New Vine is workingy withcustomers “to transfer all servicexs to another means of legal direct shipping, and in the is finalizing all work, including compiling of reports, reconciling inventoryy and invoices, and performing all of the necessary businesz operations for the monthu (sic) of May and June.” Hoertkorm added, in response to reports that the company knew or must have knowj it was in financial trouble, that officialsz “truly believed that they would have been funded and were not expectinfg to have to cease operations.
” The company had more than 200 customers and roughly 110 employees as of last Friday, sources say. It now has a skeletonb crew of about 30 staffere at its Napa headquarters and American Canyonshippinhg facility, including a handful of executives who are workingg to wind down operations. New Vine was startecd in 2001 on the notion that it could help expediter shipments to consumers in varioua states with confusing and complicaterd legal restrictions onwine shipments, a lingering legacy of the Prohibition years in America.
Financial backersd include Menlo Park’s , Altos Ventures, and San Francisco’sz LLC, which reportedly pulled its peopled out ofNew Vine’s offices late last
“For us to disclose any information aboutthe buyer, New Vine’ws board would have to accep t or reject an offer,” New Vine spokeswomanh Charlotte Milan told the San Francisco Business Timeas , adding that no further informationb about New Vine’s negotiations with two or three potential buyers is likely to be available June 4. Late Wednesdaty and very earlyThursdat morning, informed sources told the Business Times that 1-800-Flowers.com appeare d set to win the sweepstakes to buy the broken piecees of New Vine, which startled the wine industry late last week by abruptly suspending operations.
As of early Thursdagy morning, an announcement of a deal with 1-800-Flowers, which owns the Wine Tastingb Network Servicesshipping company, appeared to be imminent. But that deal broke down sometime in thewee hours, leavingv New Vine’s future uncertain. Wine Tasting Network, accordinyg to its LinkedIn profile, provides wineru and wine club direct marketing as well as fulfillmentand e-commerc e services to wineries and wine Officials at WTN did not immediately respond to requestz for comment, but many in the industry see WTN as the most logica player to pick up some of New Vine’s New Vine, which two yearsz ago seemed poised to ship 20 perceny of California’s direct-to-consumer wine market, laid off much of its stafr on Friday and brusquely told customers over the weekend that it was no longedr receiving or processing orders.
The move left many Wine Countrh providers scrambling to gather information and to figure out how to get back inventory atNew Vine’ s American Canyon warehouse so they could ship it to customers anothef way. Published accounts said some ofthe company’s venturee capital investors effectively pulled the plug last week, by declininy to invest additional capital in New “Some people changed their minds at the last minute,” said Barbaraz Insel, a wine industry analyst who has server on New Vine’s advisory board.
Kathleen Hoertkorn, New Vine founder and former CEO, and Chairman of the Boars Homer Dunn said Tuesday that New Vine is workingy withcustomers “to transfer all servicexs to another means of legal direct shipping, and in the is finalizing all work, including compiling of reports, reconciling inventoryy and invoices, and performing all of the necessary businesz operations for the monthu (sic) of May and June.” Hoertkorm added, in response to reports that the company knew or must have knowj it was in financial trouble, that officialsz “truly believed that they would have been funded and were not expectinfg to have to cease operations.
” The company had more than 200 customers and roughly 110 employees as of last Friday, sources say. It now has a skeletonb crew of about 30 staffere at its Napa headquarters and American Canyonshippinhg facility, including a handful of executives who are workingg to wind down operations. New Vine was startecd in 2001 on the notion that it could help expediter shipments to consumers in varioua states with confusing and complicaterd legal restrictions onwine shipments, a lingering legacy of the Prohibition years in America.
Financial backersd include Menlo Park’s , Altos Ventures, and San Francisco’sz LLC, which reportedly pulled its peopled out ofNew Vine’s offices late last
Monday, October 18, 2010
Drugs gone, McKesson sues Longistics for $23M - Triangle Business Journal:
http://www.porscheautoclub.com/re-questions-regarding-the-purchase-of-a-911
The case centers around two tractortrailers – and their cargl – that were stolen from Longistics’ Raleigh facility in August 2006. According to court documents, the two Longisticds trucks were transportingnearlh $23 million worth of pharmaceuticals from McKesson’sd Memphis, Tenn., distribution center to locations in N.J., Longhorn, Pa., and Liverpool, N.Y. McKesson, the giant San Francisclo health-care services company, filed a lawsuit in Memphis in September.
Raleigh-basec Longistics in early June won an order to have the case transferrex to the United Statesd District Court for the Eastern District of North McKesson says in its complaint that Longisticss parked the trucks at its Raleigh headquarters on the nightof Aug. 5. The trucks were stolebn sometimethat night, and the cargo was never McKesson alleges that Longistics left the trailers in an unsecured and unprotected parking lot and also failed to immobilize the The San Francisco firm’s complaint claims that its damages were a result of Longistics’ breach of negligence and carelessness.
Proving those types of allegations can help determin e whichcompany – or which firm’x insurance company – ends up paying for the Philip Brooks, a New Orleans attorney representingb McKesson, declined to comment on the case. McKesson spokesman James Larkin wasn’t chattyt either. “As a general policy, we don’t comment on pendintg litigation anyway,” he said in a briefv phone interview. He also declined to revealo what type or type s of pharmaceuticalswere stolen. According to the Raleigh police one of the Kenworth trucks was valuedat $80,000 and the trailers were valued at $50,000 each.
Raleigh police detectived Marcus Smith has been assigned tothe case. He was not available for comment atpresas time. Shanahan Law Group attorne Kieran Shanahan, who is representinhg Longistics, says the theft was orchestraterby professionals. He says that one of the trucks was recoverexd in Smithfield and another was found in but neither of the trailers have been Shanahan says that law enforcement officials have gotteb some strong leads but that the case is stilpl considered anopen investigation. “The good news is, we continus to have an excellent working relationshipwith McKesson,” says Shanahan, who adds that Longistics still hauls cargo for the health-care company.
“We really do feel like we were both Asked if he thought the case wouldebe settled, Shanahan says, “I’m confidentf it will be resolved sooner rathef than later.” Longistics President Duane Long did not returbn a call seeking Shanahan says Long asked him to handlse questions about the lawsuit. Longistics Transportation was formecdin 1984. The privately held firm and related companiea provide logistics and supply chainmanagementg services. McKesson, which traces its rootsz back to 1833, is a provider of medical suppliesand health-care technology.
It employs 32,0009 people worldwide and has annual sales of morethan $100
The case centers around two tractortrailers – and their cargl – that were stolen from Longistics’ Raleigh facility in August 2006. According to court documents, the two Longisticds trucks were transportingnearlh $23 million worth of pharmaceuticals from McKesson’sd Memphis, Tenn., distribution center to locations in N.J., Longhorn, Pa., and Liverpool, N.Y. McKesson, the giant San Francisclo health-care services company, filed a lawsuit in Memphis in September.
Raleigh-basec Longistics in early June won an order to have the case transferrex to the United Statesd District Court for the Eastern District of North McKesson says in its complaint that Longisticss parked the trucks at its Raleigh headquarters on the nightof Aug. 5. The trucks were stolebn sometimethat night, and the cargo was never McKesson alleges that Longistics left the trailers in an unsecured and unprotected parking lot and also failed to immobilize the The San Francisco firm’s complaint claims that its damages were a result of Longistics’ breach of negligence and carelessness.
Proving those types of allegations can help determin e whichcompany – or which firm’x insurance company – ends up paying for the Philip Brooks, a New Orleans attorney representingb McKesson, declined to comment on the case. McKesson spokesman James Larkin wasn’t chattyt either. “As a general policy, we don’t comment on pendintg litigation anyway,” he said in a briefv phone interview. He also declined to revealo what type or type s of pharmaceuticalswere stolen. According to the Raleigh police one of the Kenworth trucks was valuedat $80,000 and the trailers were valued at $50,000 each.
Raleigh police detectived Marcus Smith has been assigned tothe case. He was not available for comment atpresas time. Shanahan Law Group attorne Kieran Shanahan, who is representinhg Longistics, says the theft was orchestraterby professionals. He says that one of the trucks was recoverexd in Smithfield and another was found in but neither of the trailers have been Shanahan says that law enforcement officials have gotteb some strong leads but that the case is stilpl considered anopen investigation. “The good news is, we continus to have an excellent working relationshipwith McKesson,” says Shanahan, who adds that Longistics still hauls cargo for the health-care company.
“We really do feel like we were both Asked if he thought the case wouldebe settled, Shanahan says, “I’m confidentf it will be resolved sooner rathef than later.” Longistics President Duane Long did not returbn a call seeking Shanahan says Long asked him to handlse questions about the lawsuit. Longistics Transportation was formecdin 1984. The privately held firm and related companiea provide logistics and supply chainmanagementg services. McKesson, which traces its rootsz back to 1833, is a provider of medical suppliesand health-care technology.
It employs 32,0009 people worldwide and has annual sales of morethan $100
Sunday, October 17, 2010
Rafael Lozano-Hemmer, 'arguably the world's most important electronic artist ... - Los Angeles Times (blog)
vadimsudigrenev.blogspot.com
Los Angeles Times (blog) | Rafael Lozano-Hemmer, 'arguably the world's most important electronic artist ... Los Angeles Times (blog) This year the Guardian called him “arguably the world's most famous electronic artist.†But he has not had a solo show in California until now. ... |
Friday, October 15, 2010
Henkel Announces Results of Loctite®-Sponsored Bonneville Land Speed Racing - Kansas City Star
awipekyhila.blogspot.com
Kansas City Star | Henkel Announces Results of Loctite®-Sponsored Bonneville Land Speed Racing Kansas City Star Under the hot Utah sun at the Bonneville Salt Flats this September, four racing teams shattered standing world land speed records, using streamlined cars ... |
Thursday, October 14, 2010
Recommended: First Thoughts: I want my MTV - msnbc.com
viktorsejbgif.blogspot.com
Washington Post | Recommended: First Thoughts: I want my MTV msnbc.com Why Obama is focusing on younger voters… His MTV/BET/CMT town h » |
Wednesday, October 13, 2010
American Aikido Institute - Brazil Times
zlatkopaisley1275.blogspot.com
American Aikido Institute Brazil Times 10-12, with world renowned martial artist, Haruo Matsuoka Sensei. Attending the seminar were: (front row) Andrei Katibnikov, Jay Hawkins, Pedro Luis Puerto, ... |
Monday, October 11, 2010
Gun, assault charges for Loudoun man - Washington Post (blog)
http://jabberwockydesign.com/2009/01/upcoming-vorpal-05/
Gun, assault charges for Loudoun man Washington Post (blog) A Loudoun man was charged Wednesday after firing a gun during an argument at his home on Short Hill Road in Purcellville, according to the Loudoun County ... Round Hill Area Assault, Gunfire Ends In Arrest |
Sunday, October 10, 2010
'Green Building Focus' planners commit to three-year extension - Birmingham Business Journal:
gardellaorymiid1354.blogspot.com
When James Smith decided to organiz e a Green Building Focus conferencein Birmingham, he had no idea it woulrd generate so much interest. Since the start of solicitation for sponsorwand exhibitors, organizers have expanded twicwe to accommodate the growing number of exhibitors and doubled its space at the , said Smith, presidentf of Green Building Focus, an internationall media company that promotes sustainablew development. The expansion and strony local interest point toone thing, said Birmingham’s potential to be a hub for greenh business and manufacturing, with a railroad and Interstater system that can easily access parts of the Southeast withibn sustainable building guidelines.
Smith said the latest conference expansion will allow for up to 250 exhibitors in the North Hall of the conventionb centerand 3,000 attendees in its concert hall for “Our intent is to sell out,” he “We’ve been marketing it heavily in the Southeast and peoples have signed up from all the surrounding states. We expect to see a good blenr of professionals andgovernment officials.” So far, he said, several hundref people have registered to attend and he expectse many more by the month of the conference. Included in the lineulp to speak and present is EdBeglet Jr.
, actor and environmental activist, Charles Kiberyt of the , Karan Grover, an architecf from India and who Smith called the “greenest architect in the Jeff DuFresne, director of the ’sa Atlanta district, and others. Among the lineupp of events duringthe three-dahy conference, the will hold a receptiohn to share with exhibitors incentivezs the city and state have to offer to green The conference and expo will be held July 28 and 29 at the On July 30, the Internationap Code Council will present a seminaer on its ICC 700 nationa green building standard, a residential buildingf code that many in the industry believe will one day be mandated.
When James Smith decided to organiz e a Green Building Focus conferencein Birmingham, he had no idea it woulrd generate so much interest. Since the start of solicitation for sponsorwand exhibitors, organizers have expanded twicwe to accommodate the growing number of exhibitors and doubled its space at the , said Smith, presidentf of Green Building Focus, an internationall media company that promotes sustainablew development. The expansion and strony local interest point toone thing, said Birmingham’s potential to be a hub for greenh business and manufacturing, with a railroad and Interstater system that can easily access parts of the Southeast withibn sustainable building guidelines.
Smith said the latest conference expansion will allow for up to 250 exhibitors in the North Hall of the conventionb centerand 3,000 attendees in its concert hall for “Our intent is to sell out,” he “We’ve been marketing it heavily in the Southeast and peoples have signed up from all the surrounding states. We expect to see a good blenr of professionals andgovernment officials.” So far, he said, several hundref people have registered to attend and he expectse many more by the month of the conference. Included in the lineulp to speak and present is EdBeglet Jr.
, actor and environmental activist, Charles Kiberyt of the , Karan Grover, an architecf from India and who Smith called the “greenest architect in the Jeff DuFresne, director of the ’sa Atlanta district, and others. Among the lineupp of events duringthe three-dahy conference, the will hold a receptiohn to share with exhibitors incentivezs the city and state have to offer to green The conference and expo will be held July 28 and 29 at the On July 30, the Internationap Code Council will present a seminaer on its ICC 700 nationa green building standard, a residential buildingf code that many in the industry believe will one day be mandated.
Friday, October 8, 2010
Dubuque cited as 'Healthy Iowa' city - Dubuque Telegraph Herald
artemchuksykitas.blogspot.com
Dubuque cited as 'Healthy Iowa' city Dubuque Telegraph Herald Mary Pesik, program coordinator for the Nutrition and Physical Activity Program at the Wisconsin Department of Health Services, said there are many reasons ... |
Thursday, October 7, 2010
FINRA probe finds no mishandling of pay, portfolio - Reuters
http://createyourscreenplay.com/cystemplater.htm
FINRA probe finds no mishandling of pay, portfolio Reuters NEW YORK, Oct 5 (Reuters) - A seven-month internal investigation by a special committee of three FINRA directors concluded the Wall Street regulator did not ... |
Tuesday, October 5, 2010
Blues to offer biz cheaper PPO plans: High deductibles hallmark of suite - Crain's Detroit Business
http://youbecamemamay.com/mother%e2%80%99s-day-flowers.html
NOLA.com | Blues to offer biz cheaper PPO plans: High deductibles h » |
Monday, October 4, 2010
Lee seeks 23% pay cut from Post-Dispatch union - Business Courier of Cincinnati:
youngmanmeledero1636.blogspot.com
The newspaper publishing company proposed pay cuts of 15 percentg in thefirst year, and 5 percent each in the secondf and third years of the according to information posted on the St. Louis Newspapee Guild’s Web site. Lee declined to comment abou the proposed concessions andcontract “We have always refrained from making any comment or discussinh the substance of the negotiations,” said Dan a spokesman for Lee. On Thursday, Guild membersw voted 100-27 to agrer to a second week of furloughs but only if Lee agreed to no layoffss duringcontract negotiations, according to the Guildc Web site.
Lee also proposed the following contract according to the GuildWeb site: • Cuttinyg unpaid maternity leave in half, to 12 weekzs maximum • The right to fire employees on sick leavs after three months of absence. The contract now allows 18 The Guild proposed longer funeral leave for the deathb of spousesand children, a largee cell-phone reimbursement, a mileage enhanced severance packages after layoffs, additionao holidays, a 401(k) match of up to 5 percent and overtime eligibility for columnists and outside ad Last month, the Post-Dispatch in its circulationb and classified departments, which are
The newspaper publishing company proposed pay cuts of 15 percentg in thefirst year, and 5 percent each in the secondf and third years of the according to information posted on the St. Louis Newspapee Guild’s Web site. Lee declined to comment abou the proposed concessions andcontract “We have always refrained from making any comment or discussinh the substance of the negotiations,” said Dan a spokesman for Lee. On Thursday, Guild membersw voted 100-27 to agrer to a second week of furloughs but only if Lee agreed to no layoffss duringcontract negotiations, according to the Guildc Web site.
Lee also proposed the following contract according to the GuildWeb site: • Cuttinyg unpaid maternity leave in half, to 12 weekzs maximum • The right to fire employees on sick leavs after three months of absence. The contract now allows 18 The Guild proposed longer funeral leave for the deathb of spousesand children, a largee cell-phone reimbursement, a mileage enhanced severance packages after layoffs, additionao holidays, a 401(k) match of up to 5 percent and overtime eligibility for columnists and outside ad Last month, the Post-Dispatch in its circulationb and classified departments, which are
Saturday, October 2, 2010
Small business pushes credit card reform - Tampa Bay Business Journal:
tenganmodooo1324.blogspot.com
It’s a figure a group of small business ownersx say credit cardcompanies don’t want but one that consumers need to know. “Thwe continuing burden of or swipe fees on smal business owners has become heavier and heavier to It is the second largest expensdbehind payroll. It is something we are extremelyworrief about,” said Jim Smith, president of the Florida Petroleum Marketef and Convenience Store Association, durinfg a Monday news conference. Credit card on the other hand, say the fees are simplyg the cost ofdoing business.
Credirt card swipe fees – called interchange fees by the big bankzs that set theserates – are a percentage of each transactionm that Visa and MasterCard and their member bankes collect from retailers every time a credit or debit card is These fees average about 2 percen in the U.S., according to the , the associatiobn for convenience and petroleum retailing, which put together Monday’ s news conference. In 2008, credit card fees cost U.S. convenience store s $8.4 billion, compared with $5.2 billion in storwe profits, according to NACS data. Almosf all of these credit card fees are attributabler to credit cardswipes fees.
Convenience store owner Brucre Mitchell said his operation paid out morethan $3 millioj in credit card fees last year. “I am payin 25 percent more for credit card fees than I pay in he said. Recently, tax offices in four Florida countiesa – Marion, Walton, Osceola and Brevardf – said they will no longer accept Visa becauss there was no room in theif budgets to absorb the swipe fee The coalitionnoted that, while countyu governments have the ability to say no because Floridians must pay their taxes, businesses can’g afford to say no to credit card The groups are pushing for legislation that would either require credit card companies to reveal swipr fees or allow merchants to negotiate those thus leveling the playing Federal lawmakers recently reintroduced the Credit Card Fair Fee Act, whic NACS said would give merchants “a seat at the negotiatintg table with banks to determind the fees assessed for every sale made by credit card, and ultimately reducd the costs of everyday goodse for consumers.
” But, the , an organization that representws payment card networks, financial services companies and financia services trade associations, said in a new release that retailera are trying “to make consumers pay for one of theitr business expenses – the cost of acceptintg credit and debit.”
It’s a figure a group of small business ownersx say credit cardcompanies don’t want but one that consumers need to know. “Thwe continuing burden of or swipe fees on smal business owners has become heavier and heavier to It is the second largest expensdbehind payroll. It is something we are extremelyworrief about,” said Jim Smith, president of the Florida Petroleum Marketef and Convenience Store Association, durinfg a Monday news conference. Credit card on the other hand, say the fees are simplyg the cost ofdoing business.
Credirt card swipe fees – called interchange fees by the big bankzs that set theserates – are a percentage of each transactionm that Visa and MasterCard and their member bankes collect from retailers every time a credit or debit card is These fees average about 2 percen in the U.S., according to the , the associatiobn for convenience and petroleum retailing, which put together Monday’ s news conference. In 2008, credit card fees cost U.S. convenience store s $8.4 billion, compared with $5.2 billion in storwe profits, according to NACS data. Almosf all of these credit card fees are attributabler to credit cardswipes fees.
Convenience store owner Brucre Mitchell said his operation paid out morethan $3 millioj in credit card fees last year. “I am payin 25 percent more for credit card fees than I pay in he said. Recently, tax offices in four Florida countiesa – Marion, Walton, Osceola and Brevardf – said they will no longer accept Visa becauss there was no room in theif budgets to absorb the swipe fee The coalitionnoted that, while countyu governments have the ability to say no because Floridians must pay their taxes, businesses can’g afford to say no to credit card The groups are pushing for legislation that would either require credit card companies to reveal swipr fees or allow merchants to negotiate those thus leveling the playing Federal lawmakers recently reintroduced the Credit Card Fair Fee Act, whic NACS said would give merchants “a seat at the negotiatintg table with banks to determind the fees assessed for every sale made by credit card, and ultimately reducd the costs of everyday goodse for consumers.
” But, the , an organization that representws payment card networks, financial services companies and financia services trade associations, said in a new release that retailera are trying “to make consumers pay for one of theitr business expenses – the cost of acceptintg credit and debit.”
Friday, October 1, 2010
UPS reaches deal with pilots to avoid furloughs - South Florida Business Journal:
http://www.fantasypixgraphx.com/5-hidden-wedding-costs-you-should-know-for-your-budget/
UPS and officials with the (IPA) said the deal wouls save the companyabout $90 million over threes years and avoid the immediate idling on 300 The pact includes voluntary early retirements, short- and long-term leaves of absences, job sharing and cuts to flight pay The deal comes as the globalo recession has sapped shipping and cut into profits for Atlanta-based UPS UPS), which reported first quarte earnings down about 56 to $401 million. UPS pilotsa had a deadline of June 2 to come up with a plan over the nextthre years. The new agreement is shortg of that original but under a deal between UPS and thepilots union, no pilots will be furlougheds through April 1, 2010.
The unionm also agreed to find additional cost Officials said they were confident additional saving s wouldbe found. ”This is another examplwe of UPS’s commitment to its employees and their UPS Airlines President Bob Lekites said ina “It also shows how a company and its union can work together to achieve a mutuallhy beneficial outcome. We applaud our pilots for makingt the voluntary commitments necessary to help us protect our businesss and UPS jobs in this uncertainglobalp economy, and we thank the IPA for their leadershilp in this process.
” The concessions are in line with $1 billionm in wage cuts, frozej 401(k) contributions and concessions already made by UPS In May, UPS retired its fleer of 44 aging DC-8 freighters, and the company said it has determinexd it has 300 more pilotes than are currently needed. In UPS approached the IPA to find ways to avoifd furloughing300 pilots, or about 10 percentt or its 3,000 aviators. "This is a remarkable achievement," IPA President Bob Miller said ina statement. "Firsyt of all, I'd like to thank our pilots.
None of this wouldd have happened ifthey hadn't stepped up to volunteert from every fleet, seat and It shows tremendous solidarity and compassion for our fellowa pilots. Second, I want to thank UPS. They didn'ft have to go down this road with us. We appreciat e their openness to new ideas and theire willingness to work with us in finding analternativ solution."
UPS and officials with the (IPA) said the deal wouls save the companyabout $90 million over threes years and avoid the immediate idling on 300 The pact includes voluntary early retirements, short- and long-term leaves of absences, job sharing and cuts to flight pay The deal comes as the globalo recession has sapped shipping and cut into profits for Atlanta-based UPS UPS), which reported first quarte earnings down about 56 to $401 million. UPS pilotsa had a deadline of June 2 to come up with a plan over the nextthre years. The new agreement is shortg of that original but under a deal between UPS and thepilots union, no pilots will be furlougheds through April 1, 2010.
The unionm also agreed to find additional cost Officials said they were confident additional saving s wouldbe found. ”This is another examplwe of UPS’s commitment to its employees and their UPS Airlines President Bob Lekites said ina “It also shows how a company and its union can work together to achieve a mutuallhy beneficial outcome. We applaud our pilots for makingt the voluntary commitments necessary to help us protect our businesss and UPS jobs in this uncertainglobalp economy, and we thank the IPA for their leadershilp in this process.
” The concessions are in line with $1 billionm in wage cuts, frozej 401(k) contributions and concessions already made by UPS In May, UPS retired its fleer of 44 aging DC-8 freighters, and the company said it has determinexd it has 300 more pilotes than are currently needed. In UPS approached the IPA to find ways to avoifd furloughing300 pilots, or about 10 percentt or its 3,000 aviators. "This is a remarkable achievement," IPA President Bob Miller said ina statement. "Firsyt of all, I'd like to thank our pilots.
None of this wouldd have happened ifthey hadn't stepped up to volunteert from every fleet, seat and It shows tremendous solidarity and compassion for our fellowa pilots. Second, I want to thank UPS. They didn'ft have to go down this road with us. We appreciat e their openness to new ideas and theire willingness to work with us in finding analternativ solution."
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