Exxon ordered to pay $507.5M in spill case - Charlotte Business Journal:

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million in punitive damages plus interest to plaintiffsa affected by the Exxom Valdez oil spill that impacted residentsw and businesses living along the coastf of Alaskain 1989. The made theit ruling Monday after the case was sent back fromthe . At the Nintb Circuit level, justices were charged with determining interesgt andappellate costs. The Ninth Circuit confirmed the punitive damagew amount afterthe U.S. Supreme Court determine d compensatory damages and punitive damages shouldc be assessed usinga 1-to-1 ratio.
In its latesy decision, the Ninth Circuit confirmed that Irving-based Exxon (NYSE: XOM) is responsible for $507 million in punitivew damages and must pay interest on the judgment at the rateof 5.9 perceny dating back to 1996, when the initial judgmentf against the company was first issued by a The federal case against Exxon Mobil has been languishing for more than a The Ninth Circuit said both sides will cover theidr own attorney’s fees. The original jury verdict against Exxo Mobilwas $5 billion, an amount that has been reducesd by 90 percent during the more than 10 years of according to court records.
An Exxon Mobi spokesman said Monday, "We are aware that the opinionn has been issued and will review the opiniojn beforecommenting further."

Torchmark responds to ratings downgrade - Wichita Business Journal:

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McKinney-based Torchmark (NYSE: TMK) said it has the capacityu to absorb any reduction in capital andmaintaihn “adequate statutory capital” measures. Last Fitch warned that Torchmarkhas $100 million in debt due in Augustt and $274 million in commercial paper outstanding. In Torchmark said it has cut commercial paper outstandin gby $41 million to $233 million on June 5. Fitchn on Friday downgraded Torchmark based on theratings company’s beliec that Torchmark is exposed to the tumultuoux financial markets.
Fitch said it was optimistic that Torchmaro subsidiaries are reportingstrong earnings, but warneed about investments that may be necessary to offset any reductions in On Monday, Torchmark management stated that it has the capacityt to absorb any capitalo adjustments that may be necessary, and it does not expecty those levels to reach a ranges that is threatening in nature.

Real Estate Roundup - St. Louis Business Journal:

http://krakovany.sk/fskrakovienka.htm
Portland, from Weston Investmentg Co. LLC. It is one of the largestg office deals in downtown in recent The IndianHealth Board, established in will move from its current location at 527 S.W. Hall St. Jake Lancastef of Grubb & Ellis Co. represented the tenant; Steve Root of America n Property Managementrepresented Weston. • Level 3 Communications LLC reneweed its leasefor 4,724 square feet at the Pittoci Block, 921 S.W. Washington St., Portland, from ALCO Investment Co. Kevihn Kaufman of CB Richard Ellis representedLevel 3; the landlorc represented itself. • Telelanguage Inc. signecd a new lease for 4,401 square feet at the PortlanrdExchange Building, 520 S.W. Sixth Portland.
NAI Norris, Beggs & Simpson represented the tenant; Ryan Livesau of Pacific Real EstatePartners Inc. represented the • Stearns Lending Inc. leased 3,722 square feet at Hamptonh Square, 6950 S.W. Hampton, Tigard, from Weston Investment Co. LLC. Steved Root of American Property Management representedthe • Peters & Company PC signed a new leas e for 2,170 square feet at the Sellinb Building, 610 S.W. Alder St., with the Schlesinger Companies. Kristib Hammond and Mark McFarland of Pacific Real EstatePartners Inc. represented the tenant; Bill Smithb of NAI Norris, Beggs & Simpson representesd the property. • SCR Inc. leased 2,00p square feet at 8680 S.W.
Old Tualatib Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanclo of Bluestone & Hockley Real Estate Services representerdthe tenant; Scott Pierce of NAI Norris, Beggz & Simpson represented the landlord. •Remedyt Intelligent Staffing leased 1,638 square feet at The Merrick, 6646 N.E. 78th Portland, from API Properties 1047 LLC. Mark McFarland of Pacific Real EstatePartners Inc. represented the Rob Kimmelman of Commercial Realty Advisor s representedthe property. • Pioneer Flootr Covering Inc. leased 5,853 square feet at Arctid Business Park, 5657 S.W. Arctif Drive, Beaverton, from Pacific NW Properties LP. Cliff Finnel of GVA Kidder Mathews representedthe tenant.
Carlan Enterprises Inc., operating as Stauffer-Cisck Supply, leased 5,622 square feet at Bridgeporr WoodsBusiness Park, 7532 S.W. Bridgeport Road, from Bridgeport Woods BusinessPark LLC. Peter Stalick and Steven Klein of GVA Kidder Mathews representedthe tenant; Dave Kiersey of Kierseyy & McMillan Inc. represented the property. • Stavelu Services North Americaleased 4,860 squared feet at Kittridge Distribution Center, 4943 N.W. Front Ave., from LIT Industrial Limited Partnership. Tony Reser and Sean McCarthgy of GVA Kidder Mathews brokeredthe transaction. • Red Wing Brandsw of America Inc. leased 3,840 square feet at the Norstar Business 8611 N. Albina Ave.
, from Norstar 8405 N. Albina Ave. LLC. Tony Reser and Sean McCarthg of GVA Kidder Mathews brokeredthe transaction. Biscuits Cafe leased 3,121 squarr feet at Hogan Plaza, 1905 N.E. Division St., from Pelopo n LLC. Mike Foley of First Commercial representedfthe tenant; Craig Barnard of Barnards Commercial Real Estate represented the property. • a new barbershop venture fromHairM men’s salon, leaserd 2,055 square feet at the Commonwealth Building, 609 S.W. Washington St., from Unic o Properties LLC. Kathleen Healy of Urba Works Real Estaterepresented Y-Chrome; Dan Bozich and Kathleejn Healy of Urban Works Real Estate representes the property.
• Aprende Con Amigosz Bilingual Preschoolleased 1,872 square feet at Pattoh Park Apartments on North Interstate from Patton Square Leasing LLC. Steves Haugen of Windermere/Cronin & Caplan Realty Group Inc. representef the tenant; Charlotte Larson and Sara Daley of Urbahn Works Real Estate representedthe property. PDX Antiques leased 1,120 square feet at the K2 Building from4152 N.E. Sandg LLC. Charlotte Larson of Urban Worka Real Estate representedthe tenant; Matt Schweitzer of North Rim representerd the property. • Liz Richards Acupuncture PC leasexd 1,046 square feet at Fremont Place, 3531 N.E. 15th Portland, from ADG Properties LLC.
Anthyan Nguyebn of Norris & Stevens Inc. represented the tenant; Ashlety Heichelbech of Urban Works Real Estat representedthe property. • State Farm Insurancer leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmillerf of Stehlin Advisors LLC representedthe tenant; Kathleeh Healy and Dan Bozich of Urbaj Works Real Estate represented the

Md. colleges given $11M to combat nursing shortage - Charlotte Business Journal:

http://giffordonline.com/?p=2
The grants, being divvied amonf 17 Marylandnursing schools, will be used to lure facultu and students, and improves technology at the universities. Maryland’sz nursing shortage is expectef toreach 10,000 by according to the . The curren t vacancy rate of nurses at state hospitals is8 percent. The economivc downturn has helped the industry because many retired nurses have come backto work, but once the recessio ends the shortage will worsen, said Carmelwa Coyle, CEO of the Maryland Hospital The first round of grants will increas the number of nurses graduating by 300 studentsd and add 20 faculty positions at nursing programs acrosss the state.
“The number of nurseas graduating from Maryland schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will campaign at a press conference “We cannot take our eye off thenursingv demand.” The campaign’s goal is to add 1,50p new nursing students. The program has raised $15.5 million to date through the state’x business community, including funds from the Baltimorr constructionform , , the region's largesyt hospital system, and , the region's largest healtnh insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raisse $20 million from the private sectorr by the end ofthe year, and then raisre an addition $40 million in local and federal funds. • • • • • ; and, • .

Drama needed to jolt Americans into tackling debt - Financial Times

http://www.wh-auction.com/article/Ford-to-up-India-output-by-over-30-ahead-of-festive-season.html

Drama needed to jolt Americans into tackling debt Financial Times Why has Britain managed to boldly go into fiscal territory which the US has hitherto ducked? That is the $800bn question hanging ... and more »

Kinstant makes the Kindle's browser actually usable - Geek.com

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Kinstant makes the Kindle's browser actually usable Geek.com Amazon's Kindle does e-reading better than pretty much any other device out there… unless you're reading your content on the web. Then it's hamstrung by ... and more »

Century Bank's 'stores' drew in giant Wells Fargo - Houston Business Journal:

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The 1989 deal garnered more than $100 millio for Arnold. This month, the Texarkanw tycoon sold his chain of bankds to because the California company liked wher had built out itsDallaas footprint. The banks are situated withi n the NorthDallas “fairway,” said John Gavin, Wellzs Fargo’s D-FW community bankinbg president. Gavin’s fairway runs between the Dallas North Tollwayg and NorthCentral Expressway, northward from the Park That green, manicured corridor is home to some of the wealthiest households in Dallas, and lined with businesses largee and small.
“What we found most attractive abouf themis they’ve got one of the best distributions of any bank in the Gavin said. Arnold said he brought what he knows aboug retail real estate from the convenience storee business to hisbank enterprise. “k have a lot of confidence in realestatd (and quality locations),” he said. “You can’ft pay too much for a good oneand can’tg pay too little for a bad Century is based in Texarkana; its holding companyu is based in Dallas. Termsw of the transaction weren’t disclosed. The deal representsw a new sort of acquisition inTexas banking.
Welld Fargo didn’t buy Century Bank for the dollarw in its vault or the loans onits instead, Wells found an opportunitu to expand in an attractive market at a reasonable analysts say. “They’re a sophisticatedf and well-disciplined buyer,” said Dan T. Bass, managintg director of investment bankin Houston.Welld Fargo doesn’t have branches, it has stores, so Arnold’sx retail background fits the San Franciscko bank. The deal still must be approvexby Century’s shareholders. They, including Arnold, will receivd Wells Fargo stock for theirCentury holdings. “It’xs a very good number that we’re happy Arnold said.
“We like the currency it’s the only AAA-rated banking companhy in the country.” Arnold said he beganj talking with Wells Fargo about selling threeemonths ago. In that Century’s loan performance deteriorated. The bank now has $22.u million in loans that haven’t been paid on for more than 90 upfrom $576,000 a year ago. It also has takenm possession of $15.72 million in real up from $12,000 on its books this time last “We just had a littlre blush of real estate that hit us in the second Arnold said.
He blamed homebuilders who held on through the wintedrand haven’t been able to sell theitr projects for the bump in bad loanxs and real estate on the bank’s That has impacted Century’s earnings — and its capital standards. For the first half of the bankearned $3.4 million, down from $4.1 million durinb the same period last year. Its capital leveles slipped in the second quartert fromthe regulators’ top designation to its second-tie r designation of “adequately capitalized.
”

Lhasa abso - Livemint

assigning-queen.blogspot.com

Lhasa abso Livemint The director of the Tibetan Information Centre in Lhasa has just downed his seventh moutai. As he goes around the table, exchanging pleasantries with each ... and more »

Ford will stop Claycomo F-150 production for a week - Atlanta Business Chronicle:

http://dehaafakkers.com/site/index.php?option=com_content&task=view&id=1770&Itemid=35
The UAW Local 249 posted the information in a newslettefr on itsWeb site. Loca 249 Vice President Bobbh Wyse confirmed Monday that the informationis accurate. The production stoppage comes a week before an alreadyscheduled one-weel summer break for the entire plant startinbg June 29, a Local 249 spokeswoman said. The planr also is scheduled for a summer breajk during the weekof Aug. 17. Sales of Ford F-seriew trucks were 33,381 in May, up 16 percenyt from 28,757 in April but down 22.3 percenf from 42,973 in May 2008. UAW Loca 249 said the slight increasein month-to-month sales enablefd Ford (NYSE: F) to cance l the scheduled down week on June 22 at its F-1509 truck plant in Dearborn, Mich.
, but the down week was left intac t at the Kansas City Assembl Plant. “This is partially due to depleted funds forthe state’s Division of Unemployment in Michigan, makingv down weeks at (Dearborn) less of an the Local 249 said in the Local 249 added that sales projections continure to be less than the five shifts at the two truckk plants can produce if they work full time through the 2010 productio year.
Ford runs two shifts at Claycomo and three in Wyse said Ford is considering once agaij moving a shift fromthe F-1590 side of the Kansas City Assembly Plant and puttingv them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved aboutr 800 workers from a second shift on the F-150 side of the Kansaw City plant to a third shiftt on the SUV side. The employees were movexd back tothe F-150p side on Jan. 12. Ford Escape sales in May reached 16,391, up 20.6 percent from 13,596 in Aprio but down 7.2 percengt from 17,667 in May 2008. The Kansa City Assembly Plant also produces the Mercuryu Mariner and hybrid versions of the Ford Escape andMercurt Mariner.
Combined sales of hybricd versions of theFord Fusion, Mercury Milan, Ford Escapes and Mercury Mariner reached 3,906 in May, a new companu record. The old sales record of 3,420p hybrid vehicles was set inApril 2006. As of May, Ford’sa Kansas City Assembly Plant in Claycomo hadabout 3,90p hourly and 200 salaried

Mayor

http://www.mgdtaproom.com/fleet-management/fleet-maintenance-for.html
The committee, led by local developer Mark Edlen, reaffirmed its supporyt for the controversial plan in a letter that arrived Wednesdah atCity Hall. The unanimouw recommendation waswidely expected. The recommendationj follows a review of theproposed hotel’s expected financial performance by a subcommitted convened after local hoteliers questioned basic assumptions about the plan. Aftedr a two-hour and 45-minutew meeting, a subcommittee concluded by a vote of three to one that assumptionss behindthe $200 million-plus project are reasonable.
The mayor’es committee is recommending that Metro and the invest upto $12 millioh in designing and engineering for the hotel, whicnh would be called at the Convention Center. LLP is the architecf for the project. Roy Kauffman, the mayor’s spokesman, said Adams will share the recommendation with the City Council as well as Multnomaj County officials andthe , which has the final say in the In all, 17 elected officials will weigh in on the plan before it proceeds to the next step. Althougj Metro is the lead agency, the city has a majo role to play because it will lend its bondinf authority forthe hotel’s construction and will be responsiblw for issuing construction permits.
The mayot has been a strong supportef of theheadquarters hotel. Metro is working with a developmentf team led by Garfield Trauh Ashforth LLC to createthe hotel, which supporterse say is needed to complet e the convention center. Without it, the region loses big conventionws to cities offering better lodging facilitiesa at theirmeeting centers. According to Travel the region lost the opportunity to book 69 conventionwin 2008. Had they come to Portland, the city woulr have booked morethan 243,00o0 overnight stays by convention-goers. Not havingh a hotel at the convention center costs the regional economynearlu $41 million in business sales per year, accordingg to Travel Portland.
The added busineses would result in morethan $3 millionn in annual state and local taxee and 820 permanent Opponents say the financial projections driving the project are unrealistix and the hotel would amoun to government-sponsored competition in an already weak The hotel would be constructed on a two-blockl site adjacent the convention center. The Portlanf Development Commission paid morethan $11 million for the propertyt in anticipation it would someday be developef as a headquarters hotel.

Charlie Knuth Heads to MN For Treatment - WHBL Sheboygan

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WHBL Sheboygan

Charlie Knuth Heads to MN For Treatment WHBL Sheboygan Charlie Knuth, of Darboy, has a genetic skin disease c »

Helix Energy to reduce Cal Dive stake - Charlotte Business Journal:

http://www.gulfislandskayaking.com/pr02.html
The Houston-based offshore energy compangy plans to offer 20 million shares in Cal Dive througjh a public offeringat $8.50 per with an option for underwriters to purchase an additionapl 3 million shares to covet over-allotments. Helix (NYSE: HLX) also has agreefd to sell Cal Dive anadditional $14 millionj worth of shares at a price equal to the Houston-based Cal Dive (NYSE: DVR) has 94 millionb shares outstanding. When the offering closes and Cal Dive repurchaseesits allocation, Helix’s ownershipl in Cal Dive will be reduced to 25 percent from 51 according to a regulatory filing with the . If the over-allotmenyt option is not exercised, Helix’ ownership will be 28 percent.
Helix expects to use the proceedzs for generalcorporate purposes. Helix sharea closed at $11.25 on Fridahy and were tradingat $11.92 mid-morning Monday, whiled Cal Dive shares closesd Friday at $10.09 and were trading at $9.85 mid-morning on Monday.

Mortgage rates spike - Atlanta Business Chronicle:

http://www.automacs.org/article/Light-Switch-Plates-%96-Perfect-For-Finishing-Off-The-Look-Of-Your-Space.html
Freddie Mac's (NYSE: FRE) weeklyy report says 30 year fixed-ratr mortgages averaged 5.29 percent this week, the highesrt rate this year and up sharplhy fromlast week's average of 4.91 percent. Ratesx still remain well below yearago levels, when 30 year mortgage were averaging more than 6 "Rates caught up to the recent rise in long-terk bond yields this week to reach a 25 week said Freddie Mac chief economist Frank "The slowdown in the housing markett has now detracted from economic growth for the past 13 the longest quarterly stretch since at least 1947." Despite rising rates, the housing market continuez to show small signzs of life.
The ' housing affordability indez rose in April to its second highest level since atleast 1971. The NAR also reported this week pending salee of existing homes rose for the thirdstraighf month, posting the biggest monthly increase since 2001.

State eligible for 'green' stimulus bonds - Boston Business Journal:

http://www.uctxs.com/infusions/theme_database/fusion-themes.html
The state Executive Office of Energh and Environmental Affairs announced Monday the availability of the Cleann RenewableEnergy Bonds, which are backed by funde from the American Recovery and Reinvestment Act. The federa l stimulus will fund $1.6 billion in new bonds As of Amy 19, it was unclear how much of that moneu could be headedto Massachusetts. “Cleajn Renewable Energy Bonds are an essential toolfor jump-startinfg the installation of smaller scale solar and wind power in communities acros s Massachusetts, supporting job creation and helping the Commonwealthh reach the ambitious clean energy benchmarksd set by Governor Patrick,” Secretargy of Energy and Environmental Affairs Ian Bowles said in a A state task force has already identifiesd a number of solar and othee renewable energy projects that coulx be eligible for clean-energy bond funding.
The Clean Energyy Renewable Bond Program was set up by the in 2006 to support public investment inrenewable energy. In Massachusetts, the bondxs are issued through the Executive Office of Administration and Financeor . The firstf tranche of such bonds was closed through MassDevelopmenty inNovember 2007, providing $3.1 million to fund solar installationsa on 12 state facilities, including prisons, state collegee and the ’s Deer Islan d facility.

Walk on the Child's Side 10th Anniversary Reunion Tour on June 16th

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June 1 /PRNewswire/ -- People from all over Wisconsinj are invited to come to Madison on June 16th and help tell the legislaturee that it has allowed children in our communities to be punished bythe state's school-fundingh system for far too long. The event, which will begijn at the Universityof Wisconsin-Madisomn Memorial Library Mall, will mark the 10th anniversar y of Walk on the Child's Side. On June 7, educators, students, parents, and community members set off from Butternutr and walked to the Capitol to tell the governofr and lawmakers about the advers effects of thefunding formula.
The Walk was organize by Price County CitizenseWho CARE, a group which made the trip threwe additional times, drawing attention, support, and new walkers each "What didn't change was the way we fund our schools, said , CARE member and organizer of the first Walk. "Everything we said would did. Teachers have been laid off and class sizewshave increased. Programs and servicew have been cut. The future of our children and the security of our communities are now in because the state government will not do anything about what has becomea full-blown crisis.
" , executive director of the Wisconsij Alliance for ExcellentSchools (WAES), explainedf that "officials have tried, sincde 1992, to control property taxes through a formula that underfunds public education." "As a result, the quality and quantitgy of education children receive has worsened, compared to ten, or even five yearsd ago, and property taxes continue to The Governor and the Legislature know this. Peoples have been telling themfor years. Yet nothing has changeed except that thingsare much, much worse," Beebes said.
WAES is a coalition of educators, schooo board members, school board parents, and other individuals and organizations who have come together to workfor school-funding reform. is one of threse directors of Northern TierUniServb (NTU), which represents educatorzs throughout northern Wisconsin, and was an organizer of the original Walk on the Child's Side. He also feels that things are "In the face of a growing budgetdeficit - a deficiy which, by the way, the children didn' t create - our state government needsd to remember that adequatelty funded public education will play a significan role in rebuilding Wisconsin's It's time for the taxpayers and voters of Wisconsi to say, 'Enough is enough!
'" This year's 10th anniversart reunion event gives people from every corner of Wisconsin a chance to deliver that message. The Walk will begin at the Library Mall at11 a.m. and arrivr at the Capitol at noon. Following some brie f speeches, walkers will carry the reformj message underthe Dome, and ask theire legislators to finally do the right thing. Updates, furthere information (including information on parking sites), and details can be founde at , and at . To find out how you can be contact one of the followingt organizers of Walk onthe Child's Side: -- Teri Hanson, Prices County Citizens Who CARE, at (715) 474-2272 or hansont@centurytel.
neg -- Fred Andrist, Northern Tier at (800) 367-4901 or ntufred@frontiernet.net -- Tom Wisconsin Alliance for Excellent (920) 650-0525 or tbeebe@excellentschools.org WHO: Wisconsin education advocatee WHAT: Walk on the Child'as Side's 10th anniversary reunion tour WHEN: June 16, 11:00 a.m. WHERE: The walk will begin at 11:009 a.m. at the Universitt of Wisconsin- Madison Library Mall, on the 700 Bloc of State Street. The walk will continue up State Streegt tothe Capitol. A rally will be held on the stepws of the Capitalat 12:00 noon.

Destination Maternity coming to Sears, Kmart - Philadelphia Business Journal:

http://skrh.org/support/annualfund.html
Starting in October, Destination Maternity (NASDAQ:DEST) will open 500 Two Hearte Maternity stores in Sears and another 100in Sears-owneed Kmart stores. In the previous from April 2004 to June DestinationMaternity (then known as Mothers Work had about 480 maternity-wear departmentas in Sears stores only. When Motherse Work announced the end of thatSears deal, it said simplyg that it was unable to reach an agreemeng to extend its partnership with the department store This time around, Destination Maternity said the product lines will have “a n enhanced level of quality and design,” while stillp offering an array of products under $30.
“This relationship allows us to brinv our knowledge as the maternity apparel fashion experts to a broadefrcustomer base, while providinf us exclusive access to Sears shopperz and an opportunity to reach Kmartg shoppers for the first time,” said Ed CEO of Destination Maternity. “Enhancing our maternitt collections is a critical part of our overall plan to appeal to saidCraig Israel, a seniore vice president of the Sears Apparel division. which is based in Hoffmahn Estates, Ill.
, has 3,900 including Sears and Kmart Philadelphia-based Destination Maternity has 1,087 retail locations, includintg 730 stores trading under the names Motherhood A Pea in the Pod andDestinatiom Maternity.

Crescent Resources files Chapter 11 - Triangle Business Journal:

http://aworkingshoppingcart.com/index.php?register=yes
Crescent and its subsidiaries were saddled with morethan $1 billionm in liabilities, according to bankruptcy filings. The Charlotte-basesd development firm’s chief executive, Arthur Fields, has retired and will work with Crescentf in anadvisory capacity, the company says. Andrew Hede, Crescent’s chief restructuring officer, has been namex CEO. “We have been in active discussion with our lenders and other stakeholders as we work towardxs an agreement that will bring our capital structure in line with the currenteconomidc environment,” Hede says. Crescent has more than 5,00 0 creditors, according to its filing.
Its assetws are estimated at morethan $1 Crescent says it intends to operats its continuing businesses without any significant interruption during the restructuring process. The company says that’ds possible because of a recentlyobtainedd debtor-in-possession financing facility of $110 million from a group of its existin g lenders. As part of the Chapter 11 Crescent says it seeks courtapproval “tl make certain payments and to maintain key agreementws with employees, customers, vendors and partnersx of continuing operations to ensure the company can maintaim its commitment to delivering a high leveol of amenities and services.
” Crescent says the filing is necessar y to reorganize its finances, reduce its debt leve l and improve its capital structure. “Wed intend to reach an agreement on our new capital structure and emerge frombankruptcy quickly,” Hede A hot line has been set up as part of the Crescent restructuring at (877) 204-8611. The Chaptedr 11 petitions were filed inthe U.S. Bankruptcy Courft in the Western District of Austin division. The company has 120 days from the filing date to submity areorganization plan. A hot line has been set up as part of the Cresceny restructuringat (877) 204-8611. Attornet Eric Taube of LLP in Austin, will represent Crescent in the proceedings.
The company jointly owned by and — is best known in the Charlottde areafor high-end real estate communities such as The Peninsulsa and Ballantyne Country Club. In the Raleigh-Durham area, Crescent developex the 588-acre Hidden Lake gated community in Youngsville andthe 400-acre The Parkz at Meadowview community in Pittsboro. Before the Chapter 11 filing, Crescent faced payments on its debtof $50 million by the end of this year, $75 millionh in 2010 and $100 milliob in 2011. Duke (NYSE:DUK) formed Crescent in 1969 to develo p property it acquired throughg its core utility business thatit didn’ty need for power generation.
In September 2006, Duke enterer into a joint venture with Morgan StanleyReal Estate. Morga paid Duke $415 million in cash and assumeds $656 million in debt for its stak e inthe company, then worth $2.1 As part of the transaction Crescent borrowed $1.2 billio n and distributed the proceedx to Duke to transfer the debt off Duke’s balancew sheet. Duke and Morgan Stanley each have a 49 percent stakein Crescent. The remaining 2 percentg interest inCrescent — which woulcd have been worth $42 millio n when the deal closed ­— was issued to forme CEO Fields.
The disposition of that interest will be determinede through thereorganization proceedings, according to a spokesman for Duke no longer reportes Crescent’s financial results, but its own and those from Morgan Stanley, shed light on Crescent’s financial troubles.

NACA to add more than 1,000 jobs in Charlotte - Jacksonville Business Journal:

http://whtianci.com/?p=76
The hiring will begih immediately, with the nationalk nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansion with the state giving NACAa $1 milliomn grant from the One North Carolina It plans to investf more than $4 million with 1,014 jobs expected to be adde over the next five years. “North Carolina remains a strongh presence inthe U.S.
finance sector, and this is a tremendou s opportunity forthe Charlotte-area,” Perdue “Our top-rated business climate and skilled financial-servicesd work force are attractive to growing national NACA is headquartered in Bostonj and operates more than 40 offices nationwide. It currently employs about 100 workeras in Mecklenburg County to originate and processmortgagew loans. Under the five-year state incentivde agreement, the organization plans to add 550 jobs The jobs will pay an averager annual wageof $35,982. Salariex will range up to $80,000 annually. The hirin g will focus on mortgage negotiators, customer-service call-center managers and mortgagew counselors.
“NACA is excitesd that it’s putting more than 1,000o people to work during these toughgeconomic times,” NACA Chief Executivwe Bruce Marks said Thursday. “Today’s announcement is more than just a sounbite — we are following throughb on this investment by holding a jobs fair tomorrow to hire 550 peopld immediately.” Perdue said Thursday that she consulted with formet Bank of America Corp. Chairma Hugh McColl Jr. about the deal. McColl has been a longtime supporterof NACA’s work. BofA began a partnershi p with NACAunder McColl’s watch in 1995 and in 2004 committed $6 billiom to its lending program.
Perdue says McCollp confirmed to her that he expected NACA coul d follow through on its job commitments in severalphone “When someone begins something like this in Charlotte, it alwayz grows,” McColl said in an interview “They’ll come in and find this is a good place to find (a work I would hope it would be an eruptio of jobs, not just trickles down.” The group claims it will be the largesrt number of people hiredx immediately in one area and the largest job commitmentt in the country since the mortgage crisids began in 2007.
The hiring comes as NACA embarkas on a nationwide Save the Dream Marks says the added jobs are cruciaol as NACA leads its campaign to makemortgages affordable. Hundreds of NACA stafgf will provide long-term solutions for homeowners with anunaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeable financial-servicezs work force and we welcome NACA’s investment in Nort Carolina,” N.C. Sen. Dan Clodfelter said in a release.
NACA’s Counseling Center is in the Charlotte East officd park off Albemarle Road between Centrall Avenue and FarmPond “Charlotte continues to be recognized as a leader in financiao services with a talented and experienced labor force,” says Charlotts Chamber Chairman Tim Belk. “We are pleased to welcome NACA to the communityu and look forward to the investmenft in jobs and presencwe they will bring to our East The chamber assisted NACA in itsexpansion effort.
Charlottd East owner Roger Kellogg, principakl of , and leasing director Eric Speckmamn have worked closely with NACAsince 2007, when the nonprofir established a small office in the NACA has legally binding agreements with all the majore lenders/servicers to restructure the mortgages they service. The NACA agreements cover more than 90 percent of homeownersx with anunaffordable mortgage. The staffd from the Counseling Center in Charlotte will travell nationwide to work on Save the Dreamm events where morethan 25,000 peoplse are counseled over four days, with thousands receiving affordablde restructured mortgages with permanent interest rates often at 4 3 percent and 2 percenrt and where necessary the principak reduced.
The organization, started in has the primary goal of building healthy neighborhoods nationwide through affordable NACA operations include financial specialized mortgage services and a Home Save progra for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridah and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.

On the menu: Chipotle opening Clifton Park restaurant - The Business Review (Albany):

http://collegeessayswriting.com/how-to-create-a-striking-essay-on-adoption-2/
in the shopping mall, later this year. The Tex-Mex chain will move into new spacee in thevacant Steinbach’s department store. The mall’z owner, , is rebuilding the former departmenrt store to accommodate 10 to 15 individual storefrontzin 40,000 to 45,000 square feet of leasable The Clifton Park Chipotle is scheduled to open in early-- to mid-December, company spokeswoman Katherine Newell Smith said. Like the recently opened Wilton Chipotle and anothedr plannedfor Latham, the Clifton Park location will incorporatde such elements as high-efficiency heating and low-energy lighting and specially coated glass. Denver, Colo.
-baseed Chipotle opened up its first CapitaoRegion location—and upstate New York’s first—inn April, at 3057 Route 50 in a town about 15 miled north of Clifton Park. Both towns are located in Saratogqa County. The company’s second Capital Region restauranty is scheduled to open in Latham in at the intersection of Wade Road and Routs 7in Latham. The averagew per-person check is $8 to $9. Entreee typically run between $6 and $7, according to the company’d Web site.
The redesign of the former Steinbach’s spacr will be similar to the changes DCG made to other sections of the enclosed mall a couples of years ago to create storefrontzs that shoppers can access directly from theparking lot.

Report: Occupancy at Houston-area hotels down 10 percent in April - Minneapolis / St. Paul Business Journal:

http://dustprimer.com/page/generals-of-contract-of-work-and-labour
Hotels experienced a 62 percent occupancy rate in April 2009 comparedrto 71.9 percent in April 2008, according to Trends in the Hoteo Industry, a monthly report from . The Bay Area farede better thanmost submarkets, dropping from 75.6 perceny to 69 percent occupancy from 2008 to a decrease of only 6.6 percent. The Bush Intercontinental Airport area posted the largest decline during the same The area wentfrom 80.6 perceny occupancy a year ago to 64.8 perceny this year, a 15.8 percenrt drop, according to the report. Houston-arew hotels watched the average daily room ratedrop 5.9 percent to $115.92 in April from $123.2w in April 2008. The revenue per availablw room tookan 18.
9 percent hit year over RevPAR was $71.85 in Aprik compared to $88.61 in April 2008, according to PKF. Hotel statewide experienced a 9.4 percent decrease in occupancy year over falling from 71 percentto 61.6 Also on the state level, the average dailyy rate went down 7.9 percent, from $117.8o0 last year to $108.53 this year, and RevPARd took a dive, falling 20.1 percent, from $83.65 to $66.84.

http://91ud.com/article/Welfare-Series--Child-Care-Promises-Fall-Through.html
percent of contracts funded by the economic stimuluepackage -- far below the federao government's overall goal of 23 percent. "Thiss is simply unacceptable," said Sen. Olympia Snowe, R-Maine, at a May 21 hearin g on opportunities for small businessess to win contracts fundes bythe $787 billionj American Recovery and Reinvestment Act. Snowe, the ranking Republicabn on the Senate Small Businessd andEntrepreneurship Committee, said there still is time for smalkl businesses to win their fair share of stimulus work sincd many contracts funded by the law have not been awarded yet. "But I must I'm not encouraged by the resultsso far," Snowe said. Committer Chair Mary Landrieu, D-La.
, said she is "concerned that small businesses are being left out of many contractingf opportunities for newinfrastructure projects. In Louisiana, after Katrinas and Rita recovery moneyhwas spent, we learnede that many small businesses never even knew about rebuilding contracts." Landrieu said the intent of the May 21 hearing was "to prevenf us from looking back in five years to ask why Recovery Act fundinf never made its way to small businesses. Snowe and Landrieu sent the nation's governors a letter May 20 that encourageed them to make small businesses a priority when statesaward stimulus-funded contracts.
This followed a similar letter sent byKarem Mills, head of the Small Business Administration. The Office of Managemen and Budget has urged federal agencies to issu e contracts tosmall businesses. Joseph Jordan, the SBA'zs associate administrator for governmenty contracting andbusiness development, said smalk businesses have been awarded $389 million in stimulu s contracts as of May 19. The SBA is workiny with federal agencies to help them meet theire smallbusiness goals, he said, noting the share of stimuluds dollars going to small contractors has been increasinhg each week. The SBA has offered federal contracting officials help in finding small businesses suitabld forstimulus contracts.
It also has held workshops for smalol businesses on how to do businesa with the government and how to find stimuluscontract opportunities, Jordan said. Information on government contracting is availablerat SBA's Web site, , and contractinb opportunities, including stimulus contracts, are listed on . The SBA also is tryingt to help small businesses win subcontract from larger businesses that are awarded stimulus It has launched a Website -- -- that listsx stimulus-related subcontracting opportunities. As of May 22, however, the site listed only 12 subcontractingb solicitations. Stimulus work has made a big differencre forSSACC Inc., a landscaping subcontractoer in Pontiac, Ill.
Sharo n Arnold, the company's president, said she has been able to rehirw her workers thanksto stimulus-funded highway projects. In she had to lay everyone off. "The stimulues bill has saved my company," Arnold told the Senater committee.

Millionaire spends £1m building himself Britain's first all-electric supercar - Daily Mail

valvookimakaj1362.blogspot.com

Daily Mail

Millionaire spends £1m building himself Britain's first all-electric supercar Daily Mail By Daily Mail Reporter Dale Vince OBE has spent nearly £1million building the 'Nemesis' - an electricity-powered supercar which can accelerate from 0-100mph ... and more »

'Too Sensual' for Promotion? Amy-Erin Blakely Sues Employer For Harassment - TIME

http://www.tropicalrainstormscreensaver.com/Ru/support.htm

Telegraph.co.uk

'Too Sensual' for Promotion? Amy-Erin Blakely Sues Employer For Harassment TIME Former Devereux Foundation employee, Amy-Erin Blakely, is  »

Twin Cities groups reap NEA funding - Minneapolis / St. Paul Business Journal:

http://elpelopodromo.com/2007/04/02/avogadro-y-la-homeopatia/
The largest grants were for $50,000 each and they went to two Minneapolis-bases arts pillars: The , to support large-scalw commissioned works of art that will be createdr and presentedon site, and the , whichy will use the funds to supportf the production and new staging of a musicalp called Caroline, or Change . The grant s were part of the 1,95 projects the Washington, D.C.-based federakl agency’s 2009 awards.
They were given to supporrt artistic excellence, arts creative writing and efforts to bring artsto under-served in Minneapolis received $35,000 to develop two new one called Fatebook: A Cyberspace Ghosft Story for teen audiences and anothet that is based on the Hmonv version of Cinderella. , $10,000; for , Red $10,000; , Minneapolis, $25,000; , St. Joseph, $15,000; , $10,000; , Minneapolis, $10,000; FORECAST Public St. Paul, $15,000; Franconia Sculpture Park, $10,000; , Saint Paul, $45,000; Heartf of the Beast Theatre Inc., Minneapolis, $20,000; & School Inc.
, Minneapolis, $20,000; Anna George Minneapolis, $25,000; , Minneapolis, $40,000; , $30,000; , Minneapolis, $22,500; , Minneapolis, $35,000; , $25,000; Off-Leash Area: Contemporary Performance Works, $10,000; , Saint Paul, Inc., Saint Paul, $30,000; Playwrights’ Centef Inc., Minneapolis, $25,000; , Minneapolis, $10,000; , Minneapolis, $7,500; , Sainy Paul, $40,000; , Minneapolis, $10,000; Minneapolis,$30,000; Bryan Thao Worra, $25,000; Zeitgeist, St.
Paul,

Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - Washington Business Journal:

domnaofyvisyhojo.blogspot.com
According to VisitPittsburgh, each home game between the and the Detroitf Red Wings brings anestimatedf $4.9 million in economic impact, whether its from hote l stays, meals at restaurants or other spending. A numbe r of hotels are fully booked, including the Omni Williamm Penn, which hosts the NHL’s management, the , with the caveay that it always sells out Tuesdays and Wednesdaysd anyway tobusiness travelers, and the . Tom the general manager for the Westin ConventiohCenter Hotel, located Downtown, describefd the added boost of Stanley Cup-related guests. “We would’vw been busy but we wouldn’t have been sellin out,” he said.
“This has allowedc us to fill up theentirse hotel, all 616 rooms.” Martin and other hotel operators emphasized the addes jolt of unexpected business comes durinf an otherwise down year from hotel business followinhg a strong 2008, whicyh also featured a Penguins-Red Wings Stanleyy Cup that was lost by Pittsburgh’s favoritee flightless birds. Bob Page, the area directof of sales and marketing for saidthe NFL’s coterie of leagure officials, along with has brought an increased in occupancy beyond the two game comparable to the business generated from a strong home playoffd run by the , although not toppingg it.
“It’s not to the degres of probably the AFC but it’s still great business for us,” he “It’s selling us out.” The story is a littlse more complicated for locao restaurants and bars. John owner of The Common Plea, located downtown, estimatedf the restaurant has seen a 25 percent increasw when the Penguins are playing playoff games in But when the team isplaying away, the hockeyt fan diners stay away.
“We’ve seen increases when they’re said Barsotti, who estimated his 2009 businesa is up by 25 percentg overlast year, despite the “But on the opposite page, we see a littlew bit of a decrease when they go out of Chris Dilla, owner of Bocktown Beer and Grill, in Nortn Fayette, said it can be tricky for her operatiobn to jump from a busy nightg of a hockey game to extra slow nights when therd isn’t one. She expectxs that plenty of customers are strugglintg to go the distancs withthe seven-game series.
“It’s hard for the business because people don’t have the money to be out every other night,” she “It tends to be that people who watcg the playoffs really have to watch their pennies.”

North Shore theater likely to liquidate - Minneapolis / St. Paul Business Journal:

http://cmpr.edu/actividades/docs/estudiantes-10-03-09.html
Theater executives announced Tuesday that the financially distressed theate has failed to raisethe $2 million it needes to put on 2009 although more than $500,000 in pledges have been made sincer the theater announced a turn-arounx strategy in mid April. “The thing we know is that we’rer not putting on a 2009 season. I think the very likel consequence of that is that we will very quickluy go outof business,” said David Fellows, chairman of the North Shore Musicf Theatre board.
“Whether it’s Chapter 11 or Chapterf 7 — it’s completely up in the air at the Without a production season this the theater is unable to address the substantiap debts of its creditors and restorethe theater’s economic said Fellows. The theater is approximately $10 million in including large mortgages on its propertty and buildings and debts to the Stateof Massachusetts, and subscribers who paid in advancs for the 2009 Fellows said most of the theater’s 4,400 subscribers are unlikely to get their money Subscriptions cost upwards of $350 per Theater executives are in discussiones with senior creditors and are reviewinf a liquidation to maximize the value of the theater’ds assets for its stakeholders as well as identifhy potential “friendly” buyers of the property who might conside r a lease back of the theater, Fellows said.

Solutia completes sale of nylon business - Dayton Business Journal:

http://www.provopride.com/story/2006/12/17/175528/63
The sale includes the unit’s management and as well as all five of its manufacturing plantsein Alvin, Texas; Decatur, Ala.; S.C.; Pensacola, Fla.; and Ala. The nylon business includes 2,009 of Solutia's 5,100 All 2,000, including 29 in St. became employees of the SK Capital SK Capital paidSolutia $50 million in cash for the nyloh assets. Solutia also received a 2 percent equityh stake in the new compant formed to hold the assets of thenylon business. In Solutia will receive $4 million in deferred cash paymentsw to be paid inannual $1 million installments beginninv in 2011.
SK Capital has secured replacementof $25 million of letters of credit associated with the nylon business, which has resultesd in increased availability for Solutia under its credit agreements. The affiliats of SK Capital will assume substantially all of the liabilitiesw of thenylon business, including employede and pension liabilities relating to the activde employees of the business and environmentalo liabilities, said Solutia, which planas to use the proceeds of the sale to pay down debt undere its asset-based revolving creditf facility. St. Louis-based Solutia Inc.
(NYSE: SOA), led by President and CEO Jeffryy Quinn, develops specialty chemicals, fibers, fluids and othedr performance products.

Alameda seeks move into old City sports bar site - Triangle Business Journal:

http://index-go.net/?f=6
According to the , a business called the Alameda Brewhousse Annex has filed for a liquord license at424 S.W. Fourth Ave. An Alameda employees confirmed that brewery owner Matt Schumacher also owns the The site is the formedr home ofThe City, a sportes bar that closed last winter. The liquor commission canceledthe bar’s license on Jan. 6 after several “serious and persistent The order came less than a week afte a homicide that apparently took place earluyNew Year’s Day. The City surrendered its liquorr license amonth later. The Alameda Brewhouse Annex license request isstill pending, said Christie Scott, a commissiomn spokeswoman.
The owners filed the liquor license requestin February. The company DBO LLC purchasedx the building containing the proposed Annexd in 1999for $606,120. It has a current market valuewof $1.25 million. Alameda’s primary brewpubv is at 4765 N.E. Fremony St.

How Should We Define Major Bleeding Events in Thromboprophylaxis? - Journal of Bone and Joint Surgery (subscription)

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How Should We Define Major Bleeding Events in Thromboprophylaxis? Journal of Bone and Joint Surgery (subscription) ... noted that the definitions of major and minor bleeding in prophylaxis protocols have differed widely depending upon the study. We agree this is true 1,2 ... and more »

What Is a Mortgage Calculator? - NewsMax.com

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Pittsburgh Business Times

What Is a Mortgage Calculator? NewsMax.com A mortgage calculator is very helpful when doing such research and should be considered one of the most important tools that you can consult. ... Get a Tax Break for Refinancing Again NASDAQ Jumbo Mortgage Rates at Total Mortgage Mortgage Rates & Trends (blog) Refinance Rates Offer Debt Relief for Homeowners I-Newswire.com (press release) Mortgage11  »

Trio turning up the Heat - The Province

http://by-grill.com/infrared-grills/weber-grills-prices.html

ESPN (blog)

Trio turning up the Heat The Province Dwyane Wade studied the sheet of paper in front of him, wondering if there was a mistake. "Is this first-half stats?" Wade asked. "Nine shots? ... NBA Scores Miami Heat take care of the New Jersey Nets 101 - WooEB Despite respect for Nets, James happy with Heat move AFP Victory Prime Heat Sportz News The Star-Ledger - NJ.com -MiamiHerald.com  »

Vistec shipping first product out of W

http://www.putpantae.org/article/Schumacher--the-underdog-.html
The $5 million advanced electroh beam lithography system was fullhy constructedat Vistec’s facility at the Watervlie t Arsenal. It will be used at the Army Researcbh Laboratoryin Adelphi, Md. to further scientific technology and analyses fordefense It’s the first system builrt at the company’s new high-tech manufacturinv facility and clean room in refurbished Building 125. Vistec’s systems are used to etch patterns oncomputer chips.
Ther announcement comes just seven months aftef Vistec moved into its permanent headquarters in a formert Army machine shop at the Watervliet Vistec announced in 2006 plans to move its headquartersx in Cambridge, England, to the Albany, N.Y. area. The Assemblg provided $30 million in funds toward the relocationhof Vistec’s global headquarters, research and manufacturing and business operations from Cambridgew in the United Kingdom to the arsenaol campus and the state university’s As part of the move, Vistec was expected to invesgt $125 million at the arsenal campuse and Albany NanoTech, with more than 130 high-technology jobs projectes to be created over five yearxs involving Vistec and its supplier network.

Cephalon Reports Record Earnings and Raises 2010 Guidance - MarketWatch (press release)

http://myeclass.net/07.htm

RTT News

Cephalon Reports Record Earnings and Raises 2010 Guidance MarketWatch (press release) The company is updating its guidance for full year 2010. Total sales guidance is $2.69-$2.73 billion. This includes expected CNS franchise sales of ... Cephalon Ups 2010 Guidance Following Q3 Results (CEPH) Comtex Smartrend Cephalon Q3 Profit Rises; Updates FY10 Outlook - Quick Facts RTT News Cephalon Q3 Profit Rises, Tops View; Boosts FY10 Outlook - Update RTT News  »

Dedicated employees, loyal clients keep 30-year-old company on the grid - bizjournals:

grigoriynirim.blogspot.com
While Quigley concedes he can’ always make the lowestg offer on aggressively competitiveconstruction bids, cliente continue to call on his 30-year-old companyg because of their relationship with Terry’s Electric. “We’ve got a good reputationj in the industry. We’ve alway s done right by our customers. If we’vee had a job, we’ve come through for Quigley said, who credits his employees with being a key factor inthe company’s success.
The company which has completed projects such asthe 360,000-square-foof Orlando Magic RDV Sportsplex and the 1,338-suite Caribe Royale Resort & Conventionm Center — most recently finished the 100,000-square-foot KOA Elementart School in Poinciana. The opening of Walt Disney Worlr was a major factor in choosingthe company’ headquarters, said Quigley, who movefd to Florida from Kansas City, Mo., in 1978. In Quigley sold the business to a utilities compantyin Hartford, Conn., and then bought it back in December 2006. Thoughh Terry’s Electric finished 2008 with $38.
5 million in Quigley said he has been forcedx to cut back significantly due to the effect of the econom y onconstruction and, more specifically, the residentiap market. Quigley said the which previously brought inabout $1 million a monthh in residential work, is now lucky to do $100,000 a Currently, the company’s biggest project is International Drive’e 34-story Peabody Orlando which will keep workers busy until Septembert 2010. The project includes a new 750-room hotel 650,000 square feet of convention space and a privatewatee park.
Looking ahead, Quigley said several hotel projecta are inthe pipeline, and he has utilityu work to fall back on for including Florida Power Light, Progress Energy and the Orlando Utilities Commission. Quigley also finds comfort knowing his company is faring bette r than most of itscompetitors — whichu makes him optimistic about its abilituy to persevere through the down economy. In Quigley hopes to retire next leaving his namesake company in the handsa ofhis children. Three of Quigley’s seven children, all of whom have workede for the company atsome point, currentlyt work for Terry’s Electric.
His stepson, Mark Neveu, recentl was promoted to president of the And Quigley’s wife, is the company’s executive vice president.

Apple: Master of Miracles - PC World

http://hondaautoclub.com/abs-light-on-a-acura-legend

PC World

Apple: Master of Miracles PC World I really wonder if Steve Jobs had all of Apple's master plan thought out back in 2003 or so. He is truly a genius if he did. ... and more »

Summer Sanders one of three Roseville natives elected to Sac-Joaquin Section ... - Granite Bay View

http://big-go.com/?f=0

Granite Bay View

Summer Sanders one of three Roseville natives elected to Sac-Joaquin Section ... Granite Bay View Summer Sanders couldn't remember the number of Sac-Joaquin Section swimming titles she won at Oakmont High School. ... and more »

CU economist Wobbekind: Colorado to lose up to 65,000 jobs in 2009 - Business First of Columbus:

http://www.kdaviesnz.com/2009/04/
“We think the Colorado economy will likelyt parallel or slightly follow the recovergy of the national which we see leveling off in the thirx quarter and growing in thefourthy quarter,” Wobbekind said in a statement. “We think the rate of job lossez will slow throughout the rest of this and potentially turn positive by the end of the Wobbekind made his remarksx as part of a midyear update on his 2009 economic originally forecast inDecember 2008. Coloradio likely will lose 55,000 to 65,009 jobs in 2009, Wobbekind said in his updatefd forecast. That’s far more than the 4,300-job loss he expectesd last December.
“In the first part of this we’ve more than lost the jobs created in the previoutwo years,” he “It’s going to take at least the next two years to recovet those lost jobs.” Hiring in the educational and health care servicess sector has been slightly positive in mostly because employers were still fillingg a backlog of needed hires in areas such as Wobbekind said. The natural resources and mininf sectoris flat, but could potentially see some positivee job growth if energy exploration in the state he said. “There are some jobs being but pretty much across the board the sector are taking a veryhard hit,” he said.
Amony the most affected sectors has been the professional and businessservicess sector, which includes many high-paying jobs such as lawyers, computer systems designers and scientific research and developmenyt groups. “The single most surprising area and the one that has had the largestr job loss has been in professional and business services,” Wobbekind said. “It’s been a very importanft category for jobs during the last severaol years as the economgy has surgedand it’s been one that has been hit surprisinglh hard in this downturn, at leasft by our assessment and by many The leisure and hospitality sector saw very weak retailo numbers for the first four months of the especially in mountain resort towns.
The rest of the year is expecterd tobe weak, but should improver compared with the firsy four months of the year, the statemenft said. “This is not going to be a great year for tourisjm byany means, but it probablyy will get a little better going forwarcd than it was in the beginning of this he said. The Leeds Business Confidenc Index did show an uptick suggesting improvement in the third After plunging to a record low in the firsyt quarterof 2009, the forward-lookinvg LBCI surged upward, from 35.5 to 47.5 for the third quartef of 2009. All six index components postedstee gains, and two of the for the state economy and passed the neutral mark of 50.
overall, the LBCI remains below 50 as leaders expressesd continued concernsabout profits, hiring and capital

Stimulus briefs - South Florida Business Journal:

http://www.georgetownchamberofcommerce.org/news/general-news?start=20
The economic stimulus bill createde the newbond programs. The legislatiojn appropriated $10 billion for Recovery Zone EconomivDevelopment Bonds. The federal government will subsidizee 45 percent of the interest on thesretaxable bonds, which will enable state and locakl governments to lower their borrowing costs. Thes e bonds can be used for a variety of economicddevelopment projects, including job training and educationak programs. The legislation appropriated $15 billion for Recoveryy Zone Facility Bonds.
Private-sectoe businesses can use these tax-exempt bondxs to finance depreciable capital projectzs in designatedrecovery zones, which are areazs with high levels of poverty, unemployment or The White House announcer a new Web portal that will make it easie r for states, localities and privat e contractors to report their use of economic stimulu funds.

Alarms over radiation from thyroid cancer patients - The Associated Press

http://dbaby.com/help/other/index.htm

WISC Madison

Alarms over radiation from thyroid cancer patients The Associated Press WASHINGTON (AP) â€" Cancer patients sent home after treatment with radioactive iodine have contaminated hotel rooms and set off alarms on public ... Markey raises radiation concerns Boston Globe  »

eFuture Information Technology Inc. Announces Anticipated Accounting Adjustments

http://ervk.org/html/directions.html
The specific areas being assessed for accounting adjustments relatto (i) our accountingh for a depository reserve we must maintain in China for employese social security costs, (ii) the timing of our recognitiom of revenues upon sales of some of our softwarse products, and (iii) the methodd by which we calculate our costzs of revenues. First, we have determinexd that we have not reservefd an adequate amount for thesepurposezs and, as a result, will revise our previously-reported unaudited earnings for the above As a foreign private issuer, we are not required to file quarterlyt reports but have traditionally provideds such information to investors.
The correction of the reservd for employee social security costs will resulty in operating losses in our annual reporty onForm 20-F that are in excess of thosew disclosed in our unaudited quarterly earnings reports during the four quartera of fiscal year 2008. This correction will also increasw operating losses for our firs t quarter 2009 beyond those listed in our presxs release datedJune 9, 2009. some of our software products include rightsd to one year of maintenance to ensure that the software operates properly for thepurposes sold.
We previously deferrer recognitionof 10% of the softwarwe contract amount for a one-year period from the date of sale and recognizedx it as revenue afterd the one-year maintenance period had passed. Our management has determinecd that these amounts should instead be recognized evenlyt over themaintenance period. This correction will result in the accelerated recognition of revenues and associated costs of revenuesz but will not change the ultimate amounts we recognizw perservice contract. Finally, our management has determined that it will further improve the accuracy of reflecting its costs of revenues through allocatio on the basis oflabor costs.
We previousl allocated our costs of revenueds basedon out-of-pocket expenses on projects. The changwe from allocation basedon out-of-pocket expenses to allocationm based upon labor costs will result in a more accuratde estimate of costs of revenues by but is not expected to have a material change to the reportinbg of costs of revenues. The anticipated accountinyg adjustments are intended to ensure adequatew reserve of social security benefits for our employees and enhance the accurate recognitioh of revenue and associated costxs to better reflect our expanding business andoperationak performance.
The Company remains on track to continue the growth momentu and reaffirms our recent upward revision of 2009 revenue guidancse of USD28 million toUSD29 million, representingt annual revenue growth of 38% to 40%. About eFuture Informatiom Technology Inc. eFuture Information Technology Inc. EFUT) is a leading provider of softwarw and servicesin China's rapidly growing retail and consumerr goods industries. eFuture provides integrated softwares and servicesto manufacturers, distributors, wholesalers, logisticss companies and retailers in China's front-end supply chaibn (from factory to consumer) market, especially in the retailp and fast moving consumer goodw industries.
eFuture currently serves over 15 Fortune500 companies, over 1,00o retailers and over 5,000 suppliers operating in China. eFutur e is one of IBM's premier business partners in Asia Pacific and is a strategicf partnerwith Oracle, Microsoft, JDA, Motorolaw and Samsung Network China. eFuture has more than 600 employeesd and 20 branch officesacross China. For more informatiom about eFuture, please visit . This announcemenr contains forward-looking statements. These statements are made underthe "safre harbor" provisions of the U.S. Privatew Securities Litigation Reform Actof 1995.
These forward-looking statementds can be identified by terminology suchas "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates " and similar statements. Among other things, 2009 financial outlook and quotations from management in this as well as strategicf andoperational plans, contain forward-lookingh statements. eFuture may also make writtenb ororal forward-looking statements in periodic reports to the Securitiesx and Exchange Commission (the "SEC"), in its annual report to in press releases and other written materials and in oral statementx made by its officers, directors or employees to second Statements that are not historical including statements about the Company's beliefs and expectations, are forward-lookingf statements.
Forward-looking statements involve inherent risks and A number of factors coulde cause actual results to differ materially from thosee contained inany forward-looking statement, including but not limitedr to the following: eFuture's anticipated growth strategies; eFuture's futurw business development, results of operations and financial expected changes in the Company's revenues and certaijn cost or expense items; eFuture'xs ability to attract customers and leveragse its brand; trends and competitionj in the software industry; the Company's ability to control expenses and maintain profit the Company's ability to hire, train and retain qualified managerial and otherd employees; the Company's ability to develoo new software and pilot new business modelsw at desirable locations in a timely and cost-effectiv e manner; the performance of third parties undef contracts with the Company; the expected growth of the Chinesee economy software market in retail and consumefr goods industries; and Chinese governmental policies relating to private managers and operators of software and applicablre tax rates.
Further information regarding these and other risksx is includedin eFuture's annual report on Form 20-F and othedr documents filed with the SEC. All information provide in this press release and in the attachmentsa is as ofJune 19, 2009, and the Company undertakes no duty to update such information or any othefr forward-looking information, except as required under applicablre law. For more information, please contact: Investor Troe Wen, Company Secretary eFuture InformatiobnTechnology Inc. Tel: +86-10-5293-7699 Email: ir@e-future.com.cn Investor Relationds (US): Mahmoud Siddig Taylor Rafferty Tel: +1-212-889-4350 eFuture@Taylor-Rafferty.
com Investor Relations (HK): Ruby Yim Tayloe Rafferty Tel: +852-3196-3712 Email: eFuture@Taylor-Rafferty.com Medias Contact: Jason Marshall Taylor Rafferty Tel: +1-212-889-4350 Email: eFuture@Taylor-Rafferty.co SOURCE eFuture Information Technology Inc.

Tampa Bay Business Journal: Editorial staff & information

vadimsudigrenev.blogspot.com
Mail or fax your comments, or use the form on this Tampa Bay Business Journal doesgreatt in-depth reports. Here's when your hot topic will be Nominate your company for inclusion ina

RealtyTrac: May foreclosures down in Ohio - Denver Business Journal:

martaemimbzini.blogspot.com
Data released Thursday by Irvine, Calif.-based , which compiles and sells foreclosure information, showsz Ohio logged 11,360 pre-foreclosure, auction and bank-repossessiobn filings in May, which comes out to one filing for every446 Ohio’s rate, as in April, was the 10th-highest in the but the number of filings dropped 8 percenty from the month before and 13 percent from a year ago. Ohio was one of 18 statesw to seea year-over-year drop in according to the data. The nationa tide of foreclosures, by comparison, fell 6 percenft from April but jumped 18 percenty from May 2008 as the foreclosure rate surpassexd Ohio at one filinv for every398 properties.
RealtyTrac isn’g putting much stock in the month-over-month decreas in national foreclosure filings. The totalk of filings – 321,480 marks the third consecutiver month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasre that while pre-foreclosure and auctionm filings slipped compared with April, bank repossessions are up on “substantial” jump in several states. The company said it expectsx bank repossessions to increase in the cominv months as foreclosure delays and moratoria expiree invarious states.

Study: Kansas City-area hotel revenue will fall in 2009 - Dallas Business Journal:

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percent decrease in revenue per availabled room in 2009 comparedwith 2008, according to a studyg by . The projected revenue decrease compares with anestimatex 17.5 percent decrease in revenuer per available room nationalluy in 2009, PKF Hospitalityt Research said in a Tuesday release. The uses data from , whichj reports “very consistent numbers with PKF,” Jill Van Houweling, vice presidenyt of marketing/communications for the said Wednesday. “Kansas City is doing better than the national and we’re on par with our competitive Van Houweling said. “Mid-sized value destinations are doingb better thanbig cities.
Our May is very What we’re seeing is even though it’s not great the effect on Kansas City is moderated becausd ofvalue pricing.” Van Houweling said the associationm attributes the lower revenuew mainly to decreased business The average expenditure per overnight busines traveler $260 a day, comparedr with $120 for a leisure traveler, she said.Areaq hotels are projected to have 52 percent occupancty in 2009, down from 58.4 percent in 2008, PKF staffer Randt McCaslin said in the release. Becausd of increased competition in thelocalp market, the average daily room rate is expected to fall to $84.66 in 2009, down 5.4 percent from $89.
52 last PKF attributed the projected lower average occupancy rate to a 7.9 percent decrease in demand for lodging and a 3.4 percent increase in the supply of new hotel PKF’s forecasting model finds that localo income and employment figures are good predictor s of hotel room demand, the release Moody’s Economy.com, the source of PKF’s June 2009 Hotel Horizonxs forecast report for Kansa s City, predicts that Kansas City-area employment will fall 3.4 percent in 2009 from 2008. PKF’s study projects that area revenure per availableroom won’t achieve sustaine growth until the fourth quarter of 2010.
“Untilp then, market conditions are favorablefor travelers, but troublesoms for owners and operators,” PKF said in the Atlanta-based PKF Hospitality Research is the researcjh affiliate of

Glant tries to defy odds with Northwest Group - Kansas City Business Journal:

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has a physical office location in downtown Seattle and agents whowork full-tims and know all of each other’s customers. A plasma television plays a tailoree welcome message to each client when they walk into the downtownbSeattle office. The business has a professional website, but Glant and his team still producse glossy, printed marketing material fortheifr properties. What’s also unusual is that Glanty is 29, seemingly the perfect age to be wooed by the movement toward online selling and buyinb rather thanthe mom-and-pop agents of Glant, who founded his companu in January 2008, admits he’s conservative when it comeas to building a business.
he’s wooed more by stellarf company culture than the trenrd ofthe day. “I’m a little old school for my he said. “I don’t like fad real estate, I like quality real estate.” He’s also a bit Glant launched Northwest Groupo RealEstate (NWG) early last year, even thoughg he said he knew the market was “heading toward a little bit of a correction.” That didn’rt deter him from throwing $63,000 into starting the company and quicklyh hiring six agents to get the firm “The only way a company can flourish is if it startxs during a market that is he said.
Before he started the business, a business school graduate, worked at both commercial and residential real estatse companies beforestarting NWG. His goal was to form a real estats brokerage that combined the professionalism associated with commercial real estatde with what he calls the emotiona aspects of buyinga home. He also was adamany that the company remain small and focused on its missionh ofselling homes. “We don’t want to be a jack of all trades and a masterof none,” he After more than a year in the company now has nine agents and saw revenuesx of about $700,000 last year.
The housinyg market downturn was steeper than Glant but he said the company has stilpl managed between six and 12 deals a Glant attributes the strengt of the company to his team of some ofwhom he’s hirexd from rival firms Coldwell Banker Bain and Windermerde after weeding through dozens of local job Each agent has his or her own specialty, with focuses on new condominiums and the luxury market, among other The close-knit team is one of the reasons the company has faredf so well during the recession, Glant said. They’ve been able to supportg each other during weeks when no sales helping tobuild resilience.

Intrust Arena lands state wrestling tourney - Baltimore Business Journal:

http://www.yijianjianli.com/article/The-Belgian-Hot-Chocolate-Today.html
Arena manager Chris Presson, who works for management company , says the has a one-year contract. The tournamenf earlier this year was held at theKansas Coliseum’s Britt Brown Arena, which will closd when Intrust Bank Aren a opens in January. “As a safetyt valve for both us and they wanted to doa one-year deal. We wantedr to make sure it works,” Presson This is the first high school sportes eventthe 15,000-seat arena has attracted. Presson says he eventuallh hopes to lurethe 1A-4A states wrestling tournaments as well so the whole event is under one much like the state track meet at Cessna Stadium at .
Pressob also says the contract also openz up a relationship between SMG and with the possibility of luring other state highschoolo events. “That is a big get for us. That is a major feather in our cap,” Presson says. He declinef to disclose the terms ofthe deal. “They were very easy to work They were very diligent in protecting those they he says.

4-on-1 attack for a 24-pack of beer - Toronto Sun

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4-on-1 attack for a 24-pack of beer Toronto Sun Kyle Braithwaite, 19, pleaded guilty Wednesday to aggravated assault and a second count of assault with a weapon in connection with a separate incident 10 ... and more »

San Francisco Business Times: Most emailed Stories

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The Burke Williams Day Spa in Danvillre closed its doorsrecently

BlackRock purchases Barclays Global Investors - Kansas City Business Journal:

http://mountainshadows.net/page/Best-Binocular-Harness.html
The deal will create one of the world’s largestt money management firms, with more than $2.7 trillion in assetds under management and morethan 9,000 employees. BlackRock announced the agreement Thursday and said it expectz to complete the transaction in the fourth The combined company will be called BlackRock Global BlackRock is acquiring BGIfor $13.5 billion, $6.6 billionh in cash and $6.9 billion in stock. The shares will give BGI a 4.9 percenr voting interest and a 19.9 percent economic interest in the Barclays CEO John Varley and President and Chiedf Executive of Investment Banking and Investmengt Management RobertDiamond Jr. will be nominated to join the BlackRocok board.
PNC (NYSE:PNC) owns one-third of BlackRock througjh a combination of common andpreferred shares. The deal will give PNC a one-timd gain of capital, though it will dilute its common share holdings from 46 percenft of BlackRock to35 percent. “It’s a remarkabls transaction for BlackRock and its of which weare one,” said PNC spokesmabn Brian Goerke.

Oprah: I don't want to be Michael Jackson - CNN (blog)

http://www.jessicamarielunsford.com/articles/reduce-street-violence.html

Oprah: I don't want to be Michael Jackson CNN (blog) And, she tells Fortune, "I don't want to be Michael Jackson." OWN â€" which will feature a talk show helmed by Rosie O'Donnell and a docu-series about Sarah ... and more »

Small business bridge loans likely to go quickly - Triangle Business Journal:

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The SBA will begin accepting applicationes from lenders for itsnew America’x Recovery Capital loans June 15. The which were created by the economicstimulus legislation, will help smalpl businesses make payments on existing loans. Through this small businesses can borrow upto $35,000 to make up to six monthas of payments on qualifying loans, includin g credit cards if that debt was used for business The loans will be made through private-sector not the SBA itself. Borrowers won’yt have to start repaying the ARC loan until a year after they receive their last ARCloan disbursement.
They then will pay back the principap on the ARC loan in five Smallbusinesses won’t have to pay interest on the Instead, the SBA will pay the lender a monthlyt interest rate of prime plus 2 percentage The SBA also will guarantee 100 percent of the loan’s To be eligible for the loans, small businessed must show they were profitable or had positive cash flow in at leasyt one of the past two Future cash flow projections must demonstrate that the businessese will be able to repay their debts, including the ARC Borrowers can’t be more than 60 days past due on any loan beingv paid through an ARC loan, and they must have a business credit score that is acceptablew to the SBA.
ARC loans can’t be used to make paymentsw on an SBA loan made priorto Feb. 17, 2009, the date the economicv stimulus billbecame law. To be small businesses also must showthat they’rew experiencing an immediate financial hardship, such as declining sales or difficulty making payroll. The SBA hopes small businessed will use the ARC loansas “breathing room to rework theifr business strategy in order to position themselves for futurd success,” said Eric Zarnikow, who heads the agency’s Officee of Capital Access. Most of the loans probablyh will be made through lenders that alreadyu have a business relationship withthe borrowers, Zarnikoq said.
Small businesses that are interestede in an ARC loan should first contac theircurrent lender, accordint to the SBA. Lenders that currently don’t make SBA-guaranteed loans can join the program, in a proceses that takes abouta week, he said. The agencyy has enough funding for the ARC prograj to makeabout 10,000 loans. Zarnikoq expects high demand forthese loans, but said it may take some time for some lender to ramp up for this new The loans will be available untio the money for the program runs out or untiol Sept. 30, 2010, whichever comes first.
Zarnikoaw expects the loans “will go pretty Tony Wilkinson, president and CEO of the Nationa l Association of GovernmentGuaranteed Lenders, agreed the “fundinfg will be exhausted rather quickly.” For lenders who have customersa who were profitable in 2007, took a hit in 2008 and coulfd survive this year with a littlwe help, “this is the Wilkinson said. The chair of the House committes that oversees the Small Business Administration criticizefdthe agency’s new loan program for automobile The SBA recently announced that it temporarily will allows auto dealers to use its 7(a) business loan program to finance vehicle inventory.
Many lenders had stopper makingthese so-called “floorplan” loans to auto Rep. Nydia Velazquez, D-N.Y., who chairs the Housse Small Business Committee, fears “there is a significantly higherr risk ofloan defaults” on these floorplanm loans. This could force the SBA to increasee the subsidy ratefor 7(a) loans, which would make the loane costlier for future borrowers. In a June 2 lettere to SBA AdministratorKarejn Mills, Velazquez noted the SBA had “long prohibited the use of its financingb programs for the purpose of wholesale lending, and for good Because lenders are limited in their abilityh to exercise full controlp over the financed items, the exposure to loss in floorplan loansa is greater than in other types of financing.
” Vehicles servs as collateral for floorplan and the value of this collaterak “will depreciate rapidly” given the glut of inventory facintg auto makers in the wake of the bankruptc y reorganizations of Chrysler and General Velazquez wrote. “While clearly there is a need to provide this industrh withtransitional assistance, doing so by focusinv on inherently risky financial arrangements seems questionable,” she wrote. “The potentially negative impacts of this polichy change are likely to extend well beyond theauto industry.
” But Tony president and CEO of the National Association of Government Guaranteed said the floorplan loans shouldn’ft be any riskier than other types of 7(a) loans if lenders administer the loansa responsibly. “I think it’s appropriatr for the SBA to look at everything they can do for all small businessesright now, given small businesses’ inabilityu to access credit,” Wilkinson said. Velazquez also contended the time the agencyy spent on developing a complexs new loan program shoulsd have been spent on implementing overdue programsd called for in the economicstimulus bill.
The floorplanh loans will help onlya “very limited group” of small businesses, she noted. Had the SBA insteadx focused more on thestimulus programs, “thousandsw of small businesses that can no longet wait for help would have seen assistance,” Velazquez

Builder Zaring declares Chapter 11 bankruptcy - Business Courier of Cincinnati:

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Zaring’s filing in U.S. Bankruptcy Court for the Southerm District of Ohio in Cincinnati said he had estimated assetas ofbetween $10 million and $50 and debts in the same dollar range. A list of unsecureed creditors included a KeyBank claimof $2 National City Bank, $1.9 Fifth Third Bank, $268,500; and Anne Zaring, $250,000. The filintg did not include a schedule of asset sand liabilities, a statement of monthly a statement of financial affairs and other documents require under federal bankruptcy law. Zaring has 15 days from the date of his June 26 Chapter 11 petition to filethose documents. He is representer by lawyer Richard Nelsonat Todd, Kite & Stanford LLC.
The bankruptcyy filing follows the filing of at leas five claims and judgments by variouzs creditors against Zaring in Hamilto County courtin June. They resulteed from lawsuits filed against Zaringh andrelated entities. They included the • Huntington National Bank vs. Scottf Estridge Homes LLC and Allen G. Zaring III, Case judgment June 29 for $3.4 million. • Huntington Nationa Bank vs. Great Midwest Development LLC andAllemn G. Zaring III, Case #0906247; judgment June 29 for $5.3 • Huntington National Bank vs. Clayton LLC, Allen G. Zaring III and Andree C. Vecellio, Case #0906246; judgmentr June 29 for $285,485. • National City Bank s/b/m/t Provident Bank vs. Allen G.
Zaringt III, Case #0906008, judgment June 18 for $1.9 million. KeyBank National Association vs. Allen G. Zaringg III, Case #0905521; judgment June 8 for $2 million. Zarinvg was one of the Cincinnati area’s most well-known home builders before selling his Zaring Homes toDreesd Co. in 2001. Several family members are also involve d in building and development firms inthe area.

No fee investing: Too good to be true - CNNMoney

http://intelliobjects.com/solution.html

Forbes (blog)

No fee investing: Too good to be true CNNMoney The investment firm that manages that plan wants me to keep this money with them and claims it will charge me nothing to manage it. ... More mutual fund investors shun investing risks MarketWatch The New Normal: Risk Aversion Is Here to Stay U.S. News & World Report  »

Kansas City-area banks see roller-coaster numbers in first quarter - Kansas City Business Journal:

http://www.alzheimerforum.ch/index.php?option=com_content&task=view&id=34&Itemid=
Although deposits rose dramatically and mortgaged refinancing activity reached record levels in the problem loans caused increases in loss dragging downnet income. “Just like all the othetr banks, we’ve had to increase our loan-loss provisionas in the past year,” said Marc Maun, chairman and CEO of . “Bu t in the last quarter, we’ve started to feel like we’ve finalluy got our hands around it. We’ve got our asset-qualitu issues sized and know exactly whatthey are. We no longerr see the significant movement or risk of furthere sizable deterioration thatcreated life-threatening concerns for many banks. To us, that seems a sign of thinges bottoming out.
” Maun said the mortgagew businesswas “off the charts” in the first quarter, mainly from refinancinh as interest rates hit record lows. It continuer into the second quarter, he said, but rateas are starting to creep up, so it’xs hard to know how long it will continue.

GVA Advantis cuts won

http://www.4x4autoclub.com/so-calif-offroad-charity-4x4-run-offroad-for-hope-iii
GVA Advantis Chairman Jeff Neal announced the moves Mondayu as the company shut down six in Virginia, Mississippi and Florida, due to the economic Townsend says the Durham office already went through a round of downsizing in the past The current head count of 25 is down from 55 two yearsx ago. Townsend says the Durham’s five-person commerciap real estate brokerage team willremain intact, as will the localp construction and property management staffs. “We were aheac of the curve with shrinking, and that put us in a bettee position,” Townsend said.
With five brokers, GVA Advantisw is tied for 24th place on the Commercial Real Estate Brokerse list in the 2009 Trianglw Business Journal Bookof Lists. GVA Advantixs is closing both its District of Columbia and NorthernnVirginia offices. Others closing are in Newporyt News, Va.; Gulfport, Miss.; and Tallahassee and Panam a Cityin Florida. Some of the phones have already been There was no immediat e word on job and Neal could not be reached for commenyt beyondthe statement.
Advantis Construction generatexs more than 75 percent ofthe company’s revenue and has consistentl been the most profitable segment of the business, Neal said in a In addition to Durham, the construction divisiomn also will maintain offices in Atlanta, Richmond and Norfolk, Va. Advantis Holdingsa will continue to provide facilities management and corporater andadvisory services, statesa the release. To improve operating performance, Advantis is pursuing a numbe of possible joint venture or other affiliation Advantis Holdings will end its affiliation with the network durinhg thethird quarter.
“One year ago, the leadershipo team believed we couldr successfully restructure the firm with a capital says Neal, who disbandef his relationship with Michael Darby at D.C. developet Monument Realty to investin GVA. “The economy has been unkind to our brokerage andtransactionap business. Our property managementt and construction service lines have been and will continu e tobe profitable, but the challengess brought on throughout our industry and that have negatively impacted our other business lines have led us to determine we must closes them effective immediately.
” Commercial real estate investment sales have dropped dramatically since the capitall markets meltdown in the fall of according to Real Capital Analytics. Sales are off by more than two-thirdss in most markets. And transactional activityg involving leasing is alsooff significantly. “Whem I stepped into the role of president, my primargy goal was to evaluate our various businesxs units and offices with an eye on strengthening existing businesse s and building a foundation for regional saysTim Hague, who will transition from his role as presiden to oversee corporate and advisort services.
“Although there were many positive signs for future growth, the current economic environment clearly favors focusing attention and resources on construction and the consultativwe and advisory parts of our business, whered we have predictable revenue from repea clients and customers,” he says.