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percent during the first quarter of 2009 as thedigitak in-theater network flourished despit the downturn in advertising that has plagued other formes of media, company officials said Tuesday. The Centennial-based compant (NASDAQ: NCMI) saw total revenue rise to $73.t million from January through March, presidenft Kurt Hall said. Net income was $1.2 million, or 3 centds per diluted share, an upturn from the $400,000 or 1 cent per share, it reportedx for the first quarterof 2008.
Hall cautioned that the recessiob could slow growth for the rest ofthe year, as two majorf ad buyers have cut theirf commitments by 50 percent for the secon half of the year and one has cancelledx its commitment altogether. But with the network expandiny its number of locations and with local advertising startinf to creep back during the start of summedblockbuster season, officials at the company remain “I am pleased with our stronvg first-quarter performance, as we continue to outperform other media platforms in a tough Hall said in a conference call with mediza and investors. “Our cautiousness is we think, the right thingf to do in this marketplace.
” National CineMedia has a networkof 16,81e3 movie screens for which it runs the “FirstLook” pre-featurs advertising and entertainment show. It also has a NCM Fathom, that specializes in meetings and limited-run live entertainment at about 500 screens acrossthe country. Advertising revenure rose by 11.9 percent to $60.1 millionh in the first quarter. That figure was largelty the result of a strontg nationaladvertising push, as local ad revenud fell by 19.3 percen t from first quarter 2008, National CineMedia Chiet Financial Officer Gary Ferrarsa said. Meetings and events revenue soaredby 48.9 percen t to $13.4 million, meanwhile.
An increasing number of screens and record audiences for events like theMetropolitan Opera’s production of “Madame Butterfly” drove that Hall said. Hall predicted second-quarter revenues in the rangeeof $84 million to $87 million. But buyers have been slow to firm up contractd for the second half of the yearso far, a trene that is true in broadcast television as he said.
Wednesday, February 29, 2012
Monday, February 27, 2012
S.&P. 500 Closes at Highest Point Since Mid-2008 - New York Times
http://passionforsound.com/Music/Vintage-Music-Boxes/
Investment Week | S.&P. 500 Closes at Highest Point Since Mid-2008 New York Times The Standard & Poor's 500-stock index closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent r » |
Saturday, February 25, 2012
AmeriSpec home energy audits soar - Portland Business Journal:
http://limelightmktg.com/king-of-the-ants.htm
Memphis-based AmeriSpec has 250 franchise ownera throughoutthe U.S. and Canada who provide services to homebuyers and sellers. The company has seen its business skyrocke in Canada as the Canadia n government has mandated homes be more energt efficient and reducecarboj footprints. Brent Armstrong, vice presidentg and general managerof AmeriSpec, says the compant is the only national providerd of inspection services in Canada. It conducted 50,000 audits in 2008, compared to 18,5090 in 2007 and 14,000 in 2006. Part of AmeriSpec’s inspection process creates an artificial draft to find out wheres air seeps in or leaks out of An inspection also covers the energyt efficiency ofHVAC systems.
Afte r an inspection in Canada, homes are giveh a rating and owners are given 18 months to improve or retrofiythe home. While the Canadian government doesn’ penalize homeowners who don’t make changes, up to $5,000 in granft money is available for improvement s and homeowners can get reimbursedfor energy-relateds work they have done. Armstrong says the Obama administration is looking at implementing similar changeas inthe U.S. “There’s a growing awarenesx in the United States, and to some all of us are asking the same Armstrong says. He says all 50 states have weatherization programs.
The federal government has allotted $5 billion in stimuluxs funding tohelp low-income families replace roofsz on their homes and change inefficieng furnaces. As the attention to energy efficiency grows, AmeriSpec is traininf its franchise owners to be certified in Home Energy RatinvgSystem inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a trainint session at AmeriSpec’s Memphisw facilities last week, 11 of the 15 participantsx passed. Owners can train at other AmeriSpec facilities acrosswthe country, but the most comprehensive traininv is located in Memphis.
Armstrong says AmeriSpec offers threed different courses that are open to itsfranchisr owners. Its facilities include a fullyfunctionalo “flood house” that can be floodedf to simulate a home disaster. The housse offers inspectors full field training withouf them having to intrude on customers in the It also allows them learjn from their mistakes withoufbeing liable. Gale Colvin, director of technical training and developmenffor AmeriSpec, says inspectors who pass the test will have the highesyt certification in energy auditing. Following that they must perform threefield evaluations. “Wed loan out the equipment they need to get that Colvin says.
“We want to keep everythingt fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the owners who passed last week’a exam. While the course isn’tt a requirement for franchise owners, it giveas them another level of servicefor Anderson, who is also a licensed can now offer complete home servicex from design to making sure existing homes are energ y efficient. “The cost of energy for homeownersz issteadily rising, so being able to assist people in how well theirf homes work and where improvements can be made is a servicre that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folkw that are interested ingoing green.”
Memphis-based AmeriSpec has 250 franchise ownera throughoutthe U.S. and Canada who provide services to homebuyers and sellers. The company has seen its business skyrocke in Canada as the Canadia n government has mandated homes be more energt efficient and reducecarboj footprints. Brent Armstrong, vice presidentg and general managerof AmeriSpec, says the compant is the only national providerd of inspection services in Canada. It conducted 50,000 audits in 2008, compared to 18,5090 in 2007 and 14,000 in 2006. Part of AmeriSpec’s inspection process creates an artificial draft to find out wheres air seeps in or leaks out of An inspection also covers the energyt efficiency ofHVAC systems.
Afte r an inspection in Canada, homes are giveh a rating and owners are given 18 months to improve or retrofiythe home. While the Canadian government doesn’ penalize homeowners who don’t make changes, up to $5,000 in granft money is available for improvement s and homeowners can get reimbursedfor energy-relateds work they have done. Armstrong says the Obama administration is looking at implementing similar changeas inthe U.S. “There’s a growing awarenesx in the United States, and to some all of us are asking the same Armstrong says. He says all 50 states have weatherization programs.
The federal government has allotted $5 billion in stimuluxs funding tohelp low-income families replace roofsz on their homes and change inefficieng furnaces. As the attention to energy efficiency grows, AmeriSpec is traininf its franchise owners to be certified in Home Energy RatinvgSystem inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a trainint session at AmeriSpec’s Memphisw facilities last week, 11 of the 15 participantsx passed. Owners can train at other AmeriSpec facilities acrosswthe country, but the most comprehensive traininv is located in Memphis.
Armstrong says AmeriSpec offers threed different courses that are open to itsfranchisr owners. Its facilities include a fullyfunctionalo “flood house” that can be floodedf to simulate a home disaster. The housse offers inspectors full field training withouf them having to intrude on customers in the It also allows them learjn from their mistakes withoufbeing liable. Gale Colvin, director of technical training and developmenffor AmeriSpec, says inspectors who pass the test will have the highesyt certification in energy auditing. Following that they must perform threefield evaluations. “Wed loan out the equipment they need to get that Colvin says.
“We want to keep everythingt fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the owners who passed last week’a exam. While the course isn’tt a requirement for franchise owners, it giveas them another level of servicefor Anderson, who is also a licensed can now offer complete home servicex from design to making sure existing homes are energ y efficient. “The cost of energy for homeownersz issteadily rising, so being able to assist people in how well theirf homes work and where improvements can be made is a servicre that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folkw that are interested ingoing green.”
Thursday, February 23, 2012
Finding a home for an e-Tee - Phoenix Business Journal:
xoqylyjibo.wordpress.com
That’s a tall order, even for a company that wasn’t launched in the teeth of a recession. But with distribution deals with two big retailers already inhis pocket, Barrett sees a strong future. Barrettg founded Holy Cow in 2007 with the intentio n of creating a product that appeals to a mass audience while also fallinf under the Global Organic TextileStandard (GOTS), whic h certifies clothing that is produced with a focux on social and environmental issues. The standard includezs rules on using organic cottonand water-based inks, as well as ensurinh sweatshop-free production in supply chains running throughy Pakistan and India.
Holy Cow’s producr line includes casual wearfor men, women and with an expanded line of kids and toddler clothinyg to debut this fall. Holy Cow clothing has been sold in abouf 30 Whole FoodsMarket Inc. storez in the Midwest for the pastthree months, selling through half its merchandisde in the first 60 Barrett said. Within the next Whole Foods will distributeHoly Cow’s clothing on a nationap level. The company will partner with this fall, and Barrett said he want to see Holy Cow products sold in othed department stores suchas Macy’s, Neiman Marcus and Bloomingdale’s.
Holy Cow mightt one day have a retail presence ofits own, Barrett said, but he’xs pleased with the progreszs the brand has made already. “Whole Foods is the perfectr fit for us in the environmental he said. And Nordstrom fits its upscalew niche. The company projects about $35,000 in salesa this year, more than doubles what it would have made during all of2008 (it officiallyh became an LLC in March 2008). That numbe r could jump to as highas $200,000p should Holy Cow land more accountw like Nordstom. Barrett said the faltering economh has made it hard to gaugeHoly Cow’ws growth.
“Any growth we’v e seen at this point, we haven’t had anythin g to compare it against.” Since apparel falls under discretionary the category has faced a harder time dealingt with the recession than other saidJohn Barrow, president of Coolibar Inc. St. Louis Park-based Coolibat makes sun-protective sportswear and sellsmostly direct-to-consumer, but Barrows said the company’s growth has slowedr through the recession. “It gets harder to sell to retailera and to get customers to he said.
Production costs for GOTS-certified clothin are higher than for other But it’s a price Barretf said he’s willing to pay for his “In the end, we see it reallty as worth it, and the customer does he said.
That’s a tall order, even for a company that wasn’t launched in the teeth of a recession. But with distribution deals with two big retailers already inhis pocket, Barrett sees a strong future. Barrettg founded Holy Cow in 2007 with the intentio n of creating a product that appeals to a mass audience while also fallinf under the Global Organic TextileStandard (GOTS), whic h certifies clothing that is produced with a focux on social and environmental issues. The standard includezs rules on using organic cottonand water-based inks, as well as ensurinh sweatshop-free production in supply chains running throughy Pakistan and India.
Holy Cow’s producr line includes casual wearfor men, women and with an expanded line of kids and toddler clothinyg to debut this fall. Holy Cow clothing has been sold in abouf 30 Whole FoodsMarket Inc. storez in the Midwest for the pastthree months, selling through half its merchandisde in the first 60 Barrett said. Within the next Whole Foods will distributeHoly Cow’s clothing on a nationap level. The company will partner with this fall, and Barrett said he want to see Holy Cow products sold in othed department stores suchas Macy’s, Neiman Marcus and Bloomingdale’s.
Holy Cow mightt one day have a retail presence ofits own, Barrett said, but he’xs pleased with the progreszs the brand has made already. “Whole Foods is the perfectr fit for us in the environmental he said. And Nordstrom fits its upscalew niche. The company projects about $35,000 in salesa this year, more than doubles what it would have made during all of2008 (it officiallyh became an LLC in March 2008). That numbe r could jump to as highas $200,000p should Holy Cow land more accountw like Nordstom. Barrett said the faltering economh has made it hard to gaugeHoly Cow’ws growth.
“Any growth we’v e seen at this point, we haven’t had anythin g to compare it against.” Since apparel falls under discretionary the category has faced a harder time dealingt with the recession than other saidJohn Barrow, president of Coolibar Inc. St. Louis Park-based Coolibat makes sun-protective sportswear and sellsmostly direct-to-consumer, but Barrows said the company’s growth has slowedr through the recession. “It gets harder to sell to retailera and to get customers to he said.
Production costs for GOTS-certified clothin are higher than for other But it’s a price Barretf said he’s willing to pay for his “In the end, we see it reallty as worth it, and the customer does he said.
Tuesday, February 21, 2012
bizjournals: The best markets for female execs and women business owners -- bizjournals.com
eragywaqer.wordpress.com
The number of businesses owned by womemn increased 20 percent during arecent five-yeadr period, according to the U.S. Censuss Bureau, while the revenues produced by those firms jumpedc15 percent. "It's important to note what a long way womenjhave come," says Erin Fuller, executive director of the National Associationb of Women Business Owners "The number of woman-owned businesses is now growing at twicer the rate for all businesses, and we forecast that it's going to continue at that But these gains aren't occurring across the board. Womenb find some business communities more congenialthan others.
The key questiohn is: Which places give a woma n the best chance of startint a company or climbing thecorporatwe ladder? A new Bizjournals study has the answer. It puts the San Francisco-Oaklanrd area at the top of the national followed byother high-profile urban centers such as New York City and Los Angeles, and the smaller colleged town of Madison, Wis. Bizjournals used a nine-part formula to identify the markets that offer women the bestbusinesas opportunities, both as entrepreneurws and employees. ( The study focused on the nation'd 100 largest metropolitan areas, which had 195.5 million residentas as of mid-2006, accounting for 65 percent ofthe nation's total population.
These areasa included 4.5 million businesses owned by 69 percent of the national The highest scoresin Bizjournals' rankings went to markets where a substantiap number of well-educated, well-paid women hold responsibles positions in local businesses. ( The San Francisco Bay area emergede as the clearnational leader. The mix of industries in the San Francisco-Oakland area has made it possible for women to doextremelyt well, says Tucker Hart Adams, president of The Adama Group Inc., a Colorado Springs economic-research firm. "Insteae of heavy manufacturing, San Francisco has a lot of technology-relatexd and service-related businesses," she says.
"And it's a fact that you tend to find more womenb going into technology andthe services, not steel It also helps that San Francisco has a very supportive networi for women in Instead of the good-old-boys network, it's a good-old-girlx network." San Francisco-Oakland is the only marke to rank among the three national leader s in three of the study's key the percentage of women who hold bachelor'sz degrees, the number of woman-owner businesses per 10,000 residents, and the sharde of female employees with salaries of $100,00p0 or more. Second place belongas to Washington, reflecting the impressive education leveld of itsfemale residents.
Forty-four percent of Washington'ds women have bachelor's degrees, and 19 percent hold advanced degrees. Both figures lead the America's two largest metros -- New York City and Los Angelesd -- rank as the third- and fourth-best marketsw for women in business. One possible says Adams, is that the economic conditions in those sprawling areas give female executives extra inspiratiojnto succeed. "It's harder to be a one-income famil y in places such as New York orLos Angeles," she "They're so expensive that to live there, you probabl have to have every adult in the household working.
" Fifth place goes to Madison, whic is both the statwe capital of Wisconsin and the home of the Universit y of Wisconsin. The Madisonm area, with only 543,000 is the smallest metro in thetop 10. Sixtn through 10th on the listof America's best marketss for women in business are Boston, Denver, Atlanta and New Conn. ( * Education. It's a truismj that higher levels of educationb bring higher levelsof pay. as already noted, leads the nation in the percentage of womenwith bachelor's and advanceds degrees. The runners-up are San Francisco-Oakland on the former Boston onthe latter. * Elevated salaries.
Only eight marketxs have pay scales so high that more than 4 percentt of their female workersearn six-figurwe salaries. Included in that elite group are all four frontrunnersw in theoverall rankings. * Entrepreneurship. The top 10 taken as a group, have 274 woman-owned businesses for every 10,00o residents. That's 24 percent above the national average of 221per ( "These are placee with exciting business climates and strong populatioh growth," NAWBO's Fuller says of the top-rated markets. "I thin k they tend to be more creative and more open to the advancementyof women.
" At the bottom of the standings is Utah, which has the dubious distinction of beinfg America's most unattractive market for women in according to Bizjournals' formula. The wage gap betweeb the sexes is wider in Ogden than in any otheer metro included inthe study. The typica female worker in the Ogden area is paid 50 percent less than thetypicao male. Ogden also ranks amongv the six worst markets in three other women withadvanced degrees, females with salaries of $100,000 or more, and the percentage of localp managerial and professional jobs held by A second Utah metro, No.
92 Salt Lake joins Ogden in the overallbottom 10, a trene that Adams attributes, in part, to the state'sz dominant religion. "Utah is a heavily Mormon state, a very patriarchao society," she says. "It's a society where the expectationss for women are different than in most otherd parts ofthe country." Also miree in the bottom five are Bakersfield and Stockton, Calif.; Ga.; and Palm Bay-Melbourne, Fla.
(
The number of businesses owned by womemn increased 20 percent during arecent five-yeadr period, according to the U.S. Censuss Bureau, while the revenues produced by those firms jumpedc15 percent. "It's important to note what a long way womenjhave come," says Erin Fuller, executive director of the National Associationb of Women Business Owners "The number of woman-owned businesses is now growing at twicer the rate for all businesses, and we forecast that it's going to continue at that But these gains aren't occurring across the board. Womenb find some business communities more congenialthan others.
The key questiohn is: Which places give a woma n the best chance of startint a company or climbing thecorporatwe ladder? A new Bizjournals study has the answer. It puts the San Francisco-Oaklanrd area at the top of the national followed byother high-profile urban centers such as New York City and Los Angeles, and the smaller colleged town of Madison, Wis. Bizjournals used a nine-part formula to identify the markets that offer women the bestbusinesas opportunities, both as entrepreneurws and employees. ( The study focused on the nation'd 100 largest metropolitan areas, which had 195.5 million residentas as of mid-2006, accounting for 65 percent ofthe nation's total population.
These areasa included 4.5 million businesses owned by 69 percent of the national The highest scoresin Bizjournals' rankings went to markets where a substantiap number of well-educated, well-paid women hold responsibles positions in local businesses. ( The San Francisco Bay area emergede as the clearnational leader. The mix of industries in the San Francisco-Oakland area has made it possible for women to doextremelyt well, says Tucker Hart Adams, president of The Adama Group Inc., a Colorado Springs economic-research firm. "Insteae of heavy manufacturing, San Francisco has a lot of technology-relatexd and service-related businesses," she says.
"And it's a fact that you tend to find more womenb going into technology andthe services, not steel It also helps that San Francisco has a very supportive networi for women in Instead of the good-old-boys network, it's a good-old-girlx network." San Francisco-Oakland is the only marke to rank among the three national leader s in three of the study's key the percentage of women who hold bachelor'sz degrees, the number of woman-owner businesses per 10,000 residents, and the sharde of female employees with salaries of $100,00p0 or more. Second place belongas to Washington, reflecting the impressive education leveld of itsfemale residents.
Forty-four percent of Washington'ds women have bachelor's degrees, and 19 percent hold advanced degrees. Both figures lead the America's two largest metros -- New York City and Los Angelesd -- rank as the third- and fourth-best marketsw for women in business. One possible says Adams, is that the economic conditions in those sprawling areas give female executives extra inspiratiojnto succeed. "It's harder to be a one-income famil y in places such as New York orLos Angeles," she "They're so expensive that to live there, you probabl have to have every adult in the household working.
" Fifth place goes to Madison, whic is both the statwe capital of Wisconsin and the home of the Universit y of Wisconsin. The Madisonm area, with only 543,000 is the smallest metro in thetop 10. Sixtn through 10th on the listof America's best marketss for women in business are Boston, Denver, Atlanta and New Conn. ( * Education. It's a truismj that higher levels of educationb bring higher levelsof pay. as already noted, leads the nation in the percentage of womenwith bachelor's and advanceds degrees. The runners-up are San Francisco-Oakland on the former Boston onthe latter. * Elevated salaries.
Only eight marketxs have pay scales so high that more than 4 percentt of their female workersearn six-figurwe salaries. Included in that elite group are all four frontrunnersw in theoverall rankings. * Entrepreneurship. The top 10 taken as a group, have 274 woman-owned businesses for every 10,00o residents. That's 24 percent above the national average of 221per ( "These are placee with exciting business climates and strong populatioh growth," NAWBO's Fuller says of the top-rated markets. "I thin k they tend to be more creative and more open to the advancementyof women.
" At the bottom of the standings is Utah, which has the dubious distinction of beinfg America's most unattractive market for women in according to Bizjournals' formula. The wage gap betweeb the sexes is wider in Ogden than in any otheer metro included inthe study. The typica female worker in the Ogden area is paid 50 percent less than thetypicao male. Ogden also ranks amongv the six worst markets in three other women withadvanced degrees, females with salaries of $100,000 or more, and the percentage of localp managerial and professional jobs held by A second Utah metro, No.
92 Salt Lake joins Ogden in the overallbottom 10, a trene that Adams attributes, in part, to the state'sz dominant religion. "Utah is a heavily Mormon state, a very patriarchao society," she says. "It's a society where the expectationss for women are different than in most otherd parts ofthe country." Also miree in the bottom five are Bakersfield and Stockton, Calif.; Ga.; and Palm Bay-Melbourne, Fla.
(
Sunday, February 19, 2012
GHS suffers SL setbacks - Gustine Press-Standard
hyperwave-exhausted.blogspot.com
GHS suffers SL setbacks Gustine Press-Standard The setbacks dropped Gustine to 2-10 in Southern League play with two games left in the season. Gustine hosted Denair Tuesday, and will visit Ripon Christian Friday evening in the season finale. |
Friday, February 17, 2012
SAZA, INC. v. ZOTA - Leagle.com
exceeding-commissioner.blogspot.com
SAZA, INC. v. ZOTA Leagle.com William D. Jones, Defendant, represented by Michael Edwin Harman, Harman Claytor Corrigan & Wellman. William D. Jones, Defendant, represented by Julie Smith Palmer, Harman Claytor Corrigan & Willman. Jahangir Chowdhury, Counter Defendant, ... |
Wednesday, February 15, 2012
Lansdowne's National Conference Center lays off 65 - Philadelphia Business Journal:
hustenuejib1630.blogspot.com
The decision came as a result of fall which are about 25 percent below according to General ManagerKurt Krause. “Wer just don’t have the hours to give Krause said. Notices were delivered June 5, giviny terminated employees 60 days’ notice. The move reducee the center’s work force to 210. Krausse said the slowed business is due to currenteconomicc conditions; the Lansdowne facility focuses on corporated training rather than events such as weddings or leisur travel. It has 265,000 square feet of meetingv space and 917 guest rooms and boasts the largest ballroomn inNorthern Virginia.
The layoffs spanned all departmentzs from housekeeping to the banquet staff and were not regulatecd to oneparticular area. There are not plan to close the facility. Management will re-evaluate this Octobere or November whether additional positions mustbe eliminated. Krause said employeesz have been meeting monthly for updates on the states ofthe business, so the layoff s may not have been a big “The No. 1 question wasn’g so much an attack back at us, but was, ‘Ig business comes back, will you call me?’ ” he The center, formerly known as the Xerox Documenty University, is owned by and managed by Harrison Lodging.
The decision came as a result of fall which are about 25 percent below according to General ManagerKurt Krause. “Wer just don’t have the hours to give Krause said. Notices were delivered June 5, giviny terminated employees 60 days’ notice. The move reducee the center’s work force to 210. Krausse said the slowed business is due to currenteconomicc conditions; the Lansdowne facility focuses on corporated training rather than events such as weddings or leisur travel. It has 265,000 square feet of meetingv space and 917 guest rooms and boasts the largest ballroomn inNorthern Virginia.
The layoffs spanned all departmentzs from housekeeping to the banquet staff and were not regulatecd to oneparticular area. There are not plan to close the facility. Management will re-evaluate this Octobere or November whether additional positions mustbe eliminated. Krause said employeesz have been meeting monthly for updates on the states ofthe business, so the layoff s may not have been a big “The No. 1 question wasn’g so much an attack back at us, but was, ‘Ig business comes back, will you call me?’ ” he The center, formerly known as the Xerox Documenty University, is owned by and managed by Harrison Lodging.
Sunday, February 12, 2012
Six Flags files Chapter 11 bankruptcy - Tampa Bay Business Journal:
ocybakenos.wordpress.com
has initiated Chapter 11 bankruptct proceedings, Six Flags announced Saturday. Six (OTCBB: SIXF) board of directors on June 12 voteed to begin reorganization proceedingsin U.S. Bankruptcu Court for the District of The company listed assetsof $3.03 billion and debtse of $2.36 billion in its New York-based Six Flags is planning to reorganize the company’ financial structure, which management said is feeling the pressurde of an inherited $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapiro saidthe company’se debt is left over from previous management and despiter the company making $275 milliob last year, it has been difficult for Six Flagsa to improve its balance sheet when paying out $175 millionm in interest on debt, Shapiro asserted. He added that more than $400 millionh in debt is due withinb the next12 months, and the company is havinh to spend $100 million in park improvements in an atmospherse where refinancing is difficult.
Shapiro assured employeew no staff reductions will arisd out ofthe filing, and employeee will continue to be paid and receive Shapiro said the bankruptcy plan has the suppor t of the company’s lenders and the agent administeringy the company’s $1.1 billion senior secured credit facility. Six Flagzs parks, including Six Flags Great America, will continue to operatre as usual under Six Flags sold several properties last year toraised capital. It still operates 20 amusement parkws inNorth America.
has initiated Chapter 11 bankruptct proceedings, Six Flags announced Saturday. Six (OTCBB: SIXF) board of directors on June 12 voteed to begin reorganization proceedingsin U.S. Bankruptcu Court for the District of The company listed assetsof $3.03 billion and debtse of $2.36 billion in its New York-based Six Flags is planning to reorganize the company’ financial structure, which management said is feeling the pressurde of an inherited $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapiro saidthe company’se debt is left over from previous management and despiter the company making $275 milliob last year, it has been difficult for Six Flagsa to improve its balance sheet when paying out $175 millionm in interest on debt, Shapiro asserted. He added that more than $400 millionh in debt is due withinb the next12 months, and the company is havinh to spend $100 million in park improvements in an atmospherse where refinancing is difficult.
Shapiro assured employeew no staff reductions will arisd out ofthe filing, and employeee will continue to be paid and receive Shapiro said the bankruptcy plan has the suppor t of the company’s lenders and the agent administeringy the company’s $1.1 billion senior secured credit facility. Six Flagzs parks, including Six Flags Great America, will continue to operatre as usual under Six Flags sold several properties last year toraised capital. It still operates 20 amusement parkws inNorth America.
Friday, February 10, 2012
Maize strip center gets second tenant - Wichita Business Journal:
evlampiyacyxybyw.blogspot.com
Serenity Nails and Spa is expectee to openJuly 1. The spec retail center near 37th Street North andMaize Road, like others around the metro, has struggled to secure tenante since it was completed last year. it only houses an office of financial services firmEdward Jones. The 12,000-square-footg strip center is owned by developer s Marv Schellenberg andClifford Nies. “Every time you add a tenanyt to a centerlike that, it worksz to create positive momentum,” says Cristi Howell, of , who brokeredc the Serenity lease with Weigand’s Leisa Lowry. Serenity Nails and Spa will takeup 1,80o square feet.
The business is being startedd byJohn Nguyen, a manager at He says the businese will be operated by his girlfriend, Elizabeth Nguyen, who has workede in the nail businesds for 11 years in Kansas City. The company will emplou three people. “It’s a booming area 21st and Maize is already busy and everything is expanding toward JohnNguyen says. “When I look at it, I feel as if our shop wouls do verywell there.” The company has a five-year leasde at Hampton Lakes.
The rate starts at $16 per square foot and movesx up over timeto $19, Nguyen
Serenity Nails and Spa is expectee to openJuly 1. The spec retail center near 37th Street North andMaize Road, like others around the metro, has struggled to secure tenante since it was completed last year. it only houses an office of financial services firmEdward Jones. The 12,000-square-footg strip center is owned by developer s Marv Schellenberg andClifford Nies. “Every time you add a tenanyt to a centerlike that, it worksz to create positive momentum,” says Cristi Howell, of , who brokeredc the Serenity lease with Weigand’s Leisa Lowry. Serenity Nails and Spa will takeup 1,80o square feet.
The business is being startedd byJohn Nguyen, a manager at He says the businese will be operated by his girlfriend, Elizabeth Nguyen, who has workede in the nail businesds for 11 years in Kansas City. The company will emplou three people. “It’s a booming area 21st and Maize is already busy and everything is expanding toward JohnNguyen says. “When I look at it, I feel as if our shop wouls do verywell there.” The company has a five-year leasde at Hampton Lakes.
The rate starts at $16 per square foot and movesx up over timeto $19, Nguyen
Wednesday, February 8, 2012
Romney dealt punishing blow by three-pronged defeat - The Hill (blog)
bojony.wordpress.com
Globe and Mail | Romney dealt punishing blow by three-pronged defeat The Hill (blog) By Josh Lederman - 02/08/12 01:46 AM ET Mitt Romney's dominant position in the Republican presidential race was dealt a punishing blow Tuesday when rival Rick Santorum handed him defeats in Minnesota, Missouri and Colorado. The Return of The Sweater Vest Man Mitt Romney's Minnesota Defeat Humiliates Tim Pawlenty in Home State The Note's Must-Reads for Wednesday, February 8, 2012 |
Monday, February 6, 2012
Saturday, February 4, 2012
SAHA to spend $14.5 million on local housing project upgrades - Denver Business Journal:
omagyvoham.wordpress.com
million in federal stimulus funds to repairt and upgrade a numbetr of publichousing properties. Out of 349 housinv authorities in Texas that received money from the Americajn Recovery andReinvestment Act, San Antonio Housintg Authority, or SAHA, received the largest amount. SAHA is requirer to use the moneu for capital improvements and all the funds must be spengt withinthree years. “These funds will allow us to make much-neede repairs to our public housing properties and improve the safety and qualitt of life forour residents,” SAHA Presiden and CEO Lourdes Castrpo Ramirez says.
Among the properties slated for major upgradea is the Lewis Chatham a 119-unit apartment complex for seniors on the city’s Sout Side. Lewis Chatham also will undergo an extensive In addition, stimulus funds will be used to upgrades the security, elevators and fire safety at nearly 20 elderl communities. Other projects will involvre replacing fencing, windows, roofing, cabinets, and heating, ventilatiobn and air conditioning systems.
SAHA Boar Chairman Ramiro Cavazos says the agency will encouragde the participation of smalland minority-owned “We will also give additional weight to contractors that commitg to actively recruiting employees from the neighborhoods in and around where this work will he says. SAHA will issue requests for proposals to perform engineerinyg and architectural services relatedto stimulus-approvecd projects. Web site: www.saha.
org
million in federal stimulus funds to repairt and upgrade a numbetr of publichousing properties. Out of 349 housinv authorities in Texas that received money from the Americajn Recovery andReinvestment Act, San Antonio Housintg Authority, or SAHA, received the largest amount. SAHA is requirer to use the moneu for capital improvements and all the funds must be spengt withinthree years. “These funds will allow us to make much-neede repairs to our public housing properties and improve the safety and qualitt of life forour residents,” SAHA Presiden and CEO Lourdes Castrpo Ramirez says.
Among the properties slated for major upgradea is the Lewis Chatham a 119-unit apartment complex for seniors on the city’s Sout Side. Lewis Chatham also will undergo an extensive In addition, stimulus funds will be used to upgrades the security, elevators and fire safety at nearly 20 elderl communities. Other projects will involvre replacing fencing, windows, roofing, cabinets, and heating, ventilatiobn and air conditioning systems.
SAHA Boar Chairman Ramiro Cavazos says the agency will encouragde the participation of smalland minority-owned “We will also give additional weight to contractors that commitg to actively recruiting employees from the neighborhoods in and around where this work will he says. SAHA will issue requests for proposals to perform engineerinyg and architectural services relatedto stimulus-approvecd projects. Web site: www.saha.
org
Thursday, February 2, 2012
NYSE stocks posting largest volume decreases - CBS News
xysecurakihir.blogspot.com
NYSE stocks posting largest volume decreases CBS News Babson Corporate Investors Inc. : Approximately 4000 shares changed hands, a 76.6 decrease from its 65-day average volume. The shares rose $.11 or .6 percent to $17.62. Cash Store Financial Service Inc. : Approximately 7000 shares changed hands, ... |
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