C. Robert Henrikson Executive Profile

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Appointed CEO and chairman in March andAprilo 2006, respectively, Henrikson has led MetLife to achievr record financial results while capitalizing on emerging trendsz in several markets around the In 2008, MetLife earned $49 billion in annuakl revenue and ranked 43rd on the most recengt FORTUNE 500

'C'mon Tim' - Murray's camp place bets on the moment a fan yells out - Daily Mail

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BBC Sport

'C'mon Tim' - Murray's camp place bets on the moment a fan yells out Daily Mail Andy Murray and his support team have been having private bets among themselves about the point in his matches when somebody in the crowd decides to shout out 'C'mon Tim!' Old habits are dying hard at Wimbledon and Murray knows that the ... Murray: shouts of 'C'mon Tim!' just aren't funny First Post  »

Ryder executes $875M credit facility - South Florida Business Journal:

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Thirteen financial institutions participated in the which replacesan $870 millio n facility that would have matured in May 2010. and acter as joint lead arrangers for the The credit facility will primarilt be used to supporthe company's commercial paper which funds working capital capital investments and other business activities, accordiny to a news release. "Wed are very pleased with the clear showintgof long-term financial support and confidence from our banking partners, despits harsh economic conditions and a difficult credit said Dan Susik, a senior VP with the Last week, the Miami-based trucking and logistics companty (NYSE: R) reported an 88 percenf drop in the first quarter Revenue fell 22 to $1.
2 billion from $1.53 billion. The company blamed it on slowere commercial vehicle rentals and usedvehiclre sales. Shares closed up $1.40 to The 52-week high was $76.63 on May 19. The 52-week low was $19 on Marcgh 6.

Overbrook Farm to sell off most of its horses - Business First of Buffalo:

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plans to sell off its Thoroughbreds yearlings, breeding stock and most of its horses in startingat Kenneland’s yearling sale in “Over a period of more than 30 years my father developed Overbrook Farm into one of the most successful and respected breeding operations in the said owner Bill Young Jr. in a news “The decision to disperse is a persona one that came after a great deal of Isimply don’t have the passion for the thoroughbred sportf that my father did, despite my respectt for the business.
” Overbrook champions included 1996 Kentucky Derby winner Grindstone, 1999 Breeder’s Cup Classic winnef Cat Thief, dual classixc winner Tabasco Cat, Preakness Stakes winnerf Timber Country and Belmont Stakees winner Editor’s Note. The dispersal will includse about200 horses. The farm will continuee as a small racing stable under the directiobof Young’s son, Chris “Our goal is to lease the farm as a Thoroughbred operation,” Bill Younh said in the release. The yearlinges will be sold at Keeneland’s September which begins Sept. 14.
The weanlings, broodmaresw and horses of racing age will be sold durinh the November BreedingStock Sale, and the dispersal will continued during the January Horses of All Ages Sale.

Black Sea Marines Transcend Language Barriers to Teach Counterinsurgency - Marines.mil

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Black Sea Marines Transcend Language Barriers to Teach Counterinsurgency Marines.mil Although this is the fourth rotation of the counterinsurgency and peacekeeping operations training package, this will mark the first time the GCE has had to train with two different nations and languages simultaneously. Since April, the Ground Combat ... and more »

Report: California to shed 1M jobs during recession - Triangle Business Journal:

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The pace of private-sector job lossesa will slow over the next few but state and local government layoffs are the Business Forecasting Centetr at the said in its latest California and Metro Forecastreleaser Wednesday. The forecast said California’s unemployment will peak at 12.3 percenty early next year, and will remaij in double-digits until the end of 2011. The center produces quarterly economic forecasts of the United California and nine metro from Sacramento to Fresno and the San Francisco Bay In theSacramento area, unemploymeng will rise from 11.1 percent this year to peak at 11.4 perceng next year, before dipping to 10.2 percen in 2011, the report said.
Unemployment is expectedr to reach 9.2 percent in 2012. The Sacramento area is forecastt to rebound in the third quarter of next when job growth will improveto 0.8 A “strong rebound is expected to take plac e in professional and business, and educational and healtuh services sectors,” the report said of Sacramento. “Jo b growth is expected to have its firsft positive full yearat 2.0 percen t in 2011.” Sacramento’s real personal meanwhile, will grow at a slow rate of 1.5 percentf next year.
San Jose and San Franciscio will be the firstg metro areas in Norther California to return totheidr pre-recession employment levels, in the second and thirfd quarters of 2012, respectively, the study Sacramento and Merced will be amongb the last north state metro areasw to regain peak in fourth-quarter 2013. Vallejo is last, with a return expected in the second quarterof 2014. The Central Valley will be hard hit by the combinatiob of recent state tax increases and massive expected budget cuts, the Business Forecastingy Center said.
“The statde budget crisis is a dangerous aftershock to a regiohn still reeling from theforeclosurw earthquake,” Jeff Michael, director of the Business Forecastinb Center, said in a news release. The Centra Valley is an economic disaster but most ofits “economic shocks are cyclicaol in nature rather than permanent changes such as closed militaryg bases,” the news release said. • Construction continuee to lead job losses inpercentage terms, declining anothert 15 percent to 110,000 in 2009. • Manufacturing will lead the declinrin 2009, losing 135,000 jobs this year. Retail sales will not return to theit 2007 leveluntil 2011.
• New car and truc k sales will fallbelow 1.06 million in 2009, after exceedingy 2 million for most of the decade. Salez will gradually increase as theeconomuy recovers, reaching 1.46 million next year, and 1.73 millionm in 2011. • Housing starts hit bottom in 2009at 36,0000 units, more than 80 percent below the levels seen in 2004 and 2005. Housinh starts will be back to 100,000 unitas in 2011, and exceesd 150,000 by 2013. Health care is the only sector that will not shrink this The gainof 13,000 health care jobs, or 0.9 percent, is the slowest growth this decade. Personal income declines 0.8 percent in 2009.
Nonfarm payrolls will declineby 1,020,000 jobs statewidee during the two-year recession. • The California economy will finally hit bottomn in the fourth quarter of this and will begina multi-year recovery. It will be 2013 befor e many key economic indicators such as unemployment return tohealthy levels. • The state’s recession should end in the last quarter ofthis year, but the job market will remain weak through most of next year.

ExxonMobil CEO: No single energy solution - Dallas Business Journal:

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“For now and the foreseeabls future, an integrated set of solutions isrequiref -- ranging from producinf hydrocarbons more effectively, to usinb them more efficiently, to improvingf existing alternatives and developing policies that encourage long-term planning and investments,” said in remarks at the company's annual shareholders meeting. Irving-base d ExxonMobil (NYSE: XOM) also revealecd plans to add 1.5 million oil-equivalent barrels per day of productioby 2015, due to the entrance of new energy products. This is equivalenty to almost 40 percent ofcurrent production.
The companyh added that the 100 projects under its belt are expected to eventually back the development of 24billioh oil-equivalent barrels of energy. "ExxonMobil is resilient, and well positioned for the future, with planse to invest between $125 and $150 billiomn in new energy projects over the next fiveyearsw alone," Tillerson said.

BFC Financial, Woodbridge to merge - San Francisco Business Times:

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In a joint press release Monday, the Fort Lauderdale-baseds companies said they entered into a merge r agreement whereinWoodbridge (Pink Sheets: WDGH) would becom a wholly owned subsidiary of BFC (Pink Sheets: BFC currently controls majority voting stakes in both Woodbridge and BBX). BFC lost $58.9 million on revenues of $487.5 million in 2008. Woodbridger owns , which is building Tradition Florida inPort St. and has investments in various companies includingand . Woodbridgw lost $140.3 million on revenue of $25.t5 million in 2008.
In its firsft quarter earnings report, Woodbridge warnefd that Core Communities could default on the loans for Traditionm Florida if its lendersd demand that it put more equity capital Under themerger deal, all shareholderes of Woodbridge Class A common stocok except BFC would receive 3.47 shares of BFC’s Classx A common stock per share. With shares of BFC openingv at 40cents Monday, it equalz nearly $1.39 a share for each share of Woodbridge, which opene d at $1.10 Monday. Levab and Abdo are chairmanm andvice chairman, respectively, of both companies.
The merge would save between $1 million and $2 milliom in professional fees and SEC reportingv costs forthe companies, Levan It would also reduce the taxes Woodbridgse would pay on its earnings once it returnes to profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxee on the portionof Woodbridge’s earnings that it countsz on its balance sheet. The move will not cause any staffr reductions, Levan noted. Woodbridge will continue operate independently.
The agreement would include all curren board members of Woodbridgeon BFC’s new board and add Woodbridge President Seth Wise and BankAtlantic Bancorpl President Jarett Levan to BFC’s 12-member as well. Wise would also becomr executive vice presidentof BFC. The deal is expected to clos before the endof 2009. BFC shares closedr unchanged at40 cents. The 52-week high was 95 centws on Sept. 2. The 52-week low was 6 centsx on Feb. 5. Woodbridge shares closesd down 2 centsto $1.08. The 52-weem high was $6.60 on Aug. 21. The 52-weekl low was 2 cents on Oct. 24.

Small businesses gaining optimism about economic outlook - Tampa Bay Business Journal:

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NFIB’s index of small business indicatorsrose 2.1 points in May to following a 5.8-point jump in April. The index had plummeteds to 81in March, close to its record low of 80.1 in 1980. “It does appear that the declind in spending for inventory and capital projects has bottomeed and will turn up in thecoming months,” NFIB Chierf Economist William Dunkelberg said. A net 12 percen of small business owners expected genera business conditions will be better six monthswfrom now, a gain of 10 percentage points from April. Except for Septembed 2008, it’s the highest number for this indicatorsince 2005. The current profit pictur is still dismal, however.
A net 43 percenrt said their earnings were lower durinv the past quarter than they were in the previous About 16 percent of small busines owners reported that loans were harderto get, the highes reading since the early 1980s. But only 5 percentt reported that finance wastheir No. 1 businessz problem. More small businesses plan to reducee employment rather than hiremore workers, but the rate of declinr is slowing. The Conference Board, which trackss eight labor market said its Employment Trendws Index roseby 0.2 percent in May the first increase in 16 months.
More than 14,00 businesses filed for bankruptcy protectiomn in the first quarterof 2009, a 64 percent increase over the same period a year The number of business filings was up 11 percentr over the total for the fourth quarter of according to the Administrative Office of the U.S. Courts. Nearlhy 10,000 of the busineszs filings in the first quarter were Chaptet7 liquidations. Chapter 11 reorganizations accounterdfor 3,421 filings. Overall bankruptcyu filings, including personal bankruptcies, totaledr 330,447 in the first quarter of up nearly 35 percent from the same periodc ayear earlier. More than 1.
2 million bankruptcie were filed during the 12 monthse that ended March31 — the highest 12-montgh total since Congress tightened bankruptcy rulee in October 2006. Small businessew and lenders applauded recenf steps by the Smalll Business Administration toboost lending, but they said the agencuy must take additional actions to addressd Main Street’s credit crisis. On June 15, the SBA bega accepting applications for emergency bridge loans of up to Small businesses can usethese loans, whicjh were created by the economic stimulus bill, to make up to six monthse of payments on existing debt. They won’t have to star repaying the loans until a year afte r thelast disbursement.
The SBA will subsidize the interest onthesse loans, which will be offered through private-sector lenders. The stimulus bill also temporarilyg reduced or eliminated fees onthe SBA’s regulafr 7(a) and 504 business loans, and it increased the governmengt guarantee on 7(a) loans to 90 percent. Weeklyh loan volume for the SBA’s 7(a) and 504 programsz has increased by more than 30 percenft since these changes were implementedMarch 16.
This increase in SBA lendinf is “a positive and welcomed sign, but we have a very long way to go beforde SBA lending reaches solid levels saidCynthia Blankenship, vice chairman and chiefc operating officer of Bank of the West in Blankenship told the House Small Business Committee June 10 that Congress should extend the fee reductiona beyond 2009 or make them permanent, given the depth of the recession and the credigt crisis facing small businesses. Meanwhile, fees on the SBA’s 504 which finance real estate projects and other fixed are scheduled to increase significantlyin October.
This will negatew the fee reductions adopted in March througjh thestimulus bill, said Jean Wojtowicz, executivee director of the Indiana Statewide CDC, a nonprofiy economic development organization that makes 504 loans. This fee increas is unnecessary because the SBA has overestimated the numbet of 504 loans thatwill default, said who chairs the board of directors for the Nationakl Association of Development Companies. She said bank s have become far more conservative in theidr underwriting during this recession and that as aresulrt “only the strongest small businesses are now qualifying for new loans.
” Unlesa Congress appropriates money to offset the fee increases plannedr for 2010 and 2011, almost 20,000o small businesses will pay millions more dollarw in fees than they should over the 20 yearzs of their 504 Wojtowicz said. The Treasury Departmentt has allocated $25 billion in Recovery Act Bonds, whicnh can be used for economic development projects indistressed areas. The economivc stimulus bill created the new bond The legislationappropriated $10 billiobn for Recovery Zone Economic Development Bonds. The federakl government will subsidize 45 percent of the interest on theswetaxable bonds, which will enable statwe and local governments to lowerf their borrowing costs.
These bonde can be used for a variety of economicvdevelopment projects, including job training and educational programs. The legislatiomn appropriated $15 billion for Recoveryh Zone Facility Bonds. Private-sectord businesses can use these tax-exempt bond to finance depreciable capital projects in designatedrecoveryy zones, which are areas with high levels of unemployment or foreclosures.

Franklin Mint redevelopers try, try again for town

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The redevelopment of the land fronting Baltimore Pike is the most significanft project to face Middletown in years and has the potentia to change the character of this DelawareCountyt town. So far, developers have proposed three dramaticallu differing plans for the controversiao project in an effort to come up with somethingv that the community will embrace and that township plannerss and officials will signoff on. It’ s too early to tell if the third time may be the Even this latest versionhas detractors. “There’s no demans for any of this that they are said LarryWeathers Jr., who once served on the planning commissiojn and is a town resident.
The which bought the land in June are hopeful this latest plan will stici even though it has drawm fire from Weathers and a group calleddSave Middletown, which publishes a Web site monitoriny the project’s progress. The latest plan evolve d out of a charrette held last August involvintg stakeholders includinglocal residents, SEPTA and PennDOT. “Whayt has evolved was remarkably different from the originapl plan andthe by-right plan,” said Franok McKee, president of the , one of the four involved McKee Group focuses on active adult housint and also owns office buildings. The other developerz include Dewey Cos.
, a single-family , which constructs residential and mixed-use communities; and , a retai developer. What makes this latest offerinh different? “This is a community-driven plan,” McKee said. The new plan calls for constructinfg 980residential units, 230,000 square feet of offices space, 798,000 square feet of retail space and 225 hotell rooms. The by-right plan, whicbh means the developers don’t need to go through the locapl approval process because the land is zonerd appropriately for aproposed use, called for 1.5 million square feet of office and industrial space.
That’zs what the developers envisioned last year aftef scrapping a town cente r idea comprisedof 1,300 residential units, 400,000 squarwe feet of office space, 1.4 millioj square feet of retail space and 300 hotel rooms. A new $80 milliomn SEPTA project will sit onthe site. The Wawa statioj is the endpoint ofa three-mile extension of the R-3 Media-Elwym line. Construction will begin on the station later this year and is schedulesd to be completedby 2013, according to a SEPTAz spokeswoman. The station is independent of the redevelopment of the FranklinnMint property.
The fate of the Franklij Mint site has been in a statd of suspense since around 2004 when it ceased operationsw in Middletown and its owners began selling its commemorativebaubles online. It has a rich local It was founded in 1964 by Joe whose first Franklin Mint planft wasin Yeadon. It eventually movesd to the site onBaltimore Pike. Segel retired in 1973 when Franklijn Mint was a public It was sold in 1980by Segel’s successor to , which bought the public stock. It was sold agaij five years later to Stewarrt and Lynda Resnickof California. An investor group that also owns Morgah Mint bought the companyin 2006. The biggestr issue facing the proposais density, said Scotyt D.
Galloway, who has sat on township councilsincwe 1993. Other concerns include traffic, stormwater managementt and setbacks. So far, the developers have been receptive to said Galloway, who declined to give an opinion on the currenrt proposal since it may change before he gets a chancer to review and vote on it. who sat on the planning commission in 1978 when a mastefr zoning ordinancewas written, believes the by-right plan is the best and the existiny Franklin Mint building should be Barring that plan, Weathers would like to see a residentiak development with a small retaikl center.
“This plan comes in and the density of it isabsolutelg ridiculous,” he said, adding that building “destination where people will travel to can’t be supported. “We have in the cente r of the township the Granite Run whichis struggling, so we’re going to add We are going to end up with a whitwe elephant.” McKee, speaking for the knows the plan may get tweaked againh as it wends throughg the approval process but feels good that what is being presentefd comes from the charrette.
The new developmenyt would add to the township andschool district’s coffers, giving it $439,000 a year in net revenues, accordinfg to the developer’s calculation. The by-right plan woulrd give the township $39,000 a year in The school district woulr also benefit by thenew plan, McKee It would receive $6.3 million in new revenue annually compared with $2.9 million a year undef the by-right plan. McKee is also confident demand support additional retail developmentin “We definitely have retailers for this he said. While the project would be constructedin phases, he said retai l would likely would be the first to be kickedx off.
He figures ground breaking wouldn’ft take place for at least two years. “We thinj we’re in pretty good shape,” McKee said. “Ww own the property free and clear and all four of us are in a stron gfinancial position.”

Architectural Alliance, Damon Farber get U of M projects - Minneapolis / St. Paul Business Journal:

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The partnership beat out 23 othert design groups that submitted proposals for the Phase two construction is scheduled to begin in the spring of 2010 and be completerd in the summerof 2012. The Biomedical Discoveryu District is in the area north and east of TCF Bank Architectural Alliance’s projects on the U of M campus includs the Cargill Building for Microbial and Plant Genomicsa on the St. Paul campus and Jackson Hall, a sciencse building. In addition, Architectural Alliancd has been selected to desigmn a new physics buildingf for theMinneapolis campus. ZGF has designedr hundreds of academic, medicao and scientific buildings, including the Mortimer B.
Zuckermab Research Center at the Memorial Sloan Ketteriny Cancer Center inNew York. The development of the scheduled for completionin 2015, is part of the larges t expansion of the Twin Cities campus sincee the construction of the West Bank in the It’s also one of the largest ongoinf building construction projects in the The new district, approveed and funded by the state Legislature in 2008, will eventually encompasa facilities focused on research in cancer, heart disease, infectiou s diseases and neuroscience. Construction will start this July on the first buildint inthe district, a $52 million Center for Magnetifc Resonance Research (CMRR).
Minneapolis-based RSP Architects designed that buildiny andMortenson Construction, based in Minneapolis, is the construction manager. In a separate contract selectionb process that also concludedlast week, Minneapolis-based Damonb Farber Associates Inc. was pickesd to complete a master plan and design the landscape architecturs for the entire biomedicaldiscovery district. Farbeer brought on Pierce Pini Associates Inc., a New Hope-basefd engineering firm, to assist with storm-water management plans. Farber beat out othere finalists SRF ConsultingGroup Inc. and Hoisington Koegler Groupl Inc.
, both based in Minneapolis, for the The value of both contracts hasn’t been determined and will depenr onthe design, according to a university spokesman.

Real Estate Roundup - Pittsburgh Business Times:

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Portland, from Weston Investment Co. LLC. It is one of the largesg office deals in downtown in recent The IndianHealth Board, established in will move from its current location at 527 S.W. Hall St. Jake Lancasterd of Grubb & Ellis Co. representedr the tenant; Steve Root of American Property Managementrepresented Weston. • Levekl 3 Communications LLC renewed its leasefor 4,725 square feet at the Pittock Block, 921 S.W. Washingto n St., Portland, from ALCO Investment Co. Kevin Kaufmaj of CB Richard Ellis representedLevek 3; the landlord represented itself. • Telelanguage Inc. signed a new leasre for 4,401 square feet at the Portland Exchange 520 S.W. Sixth Ave., Portland.
NAI Norris, Beggas & Simpson represented the tenant; Ryan Livesay of Pacific Real EstatedPartners Inc. represented the • Stearns Lending Inc. leasee 3,722 square feet at Hamptoh Square, 6950 S.W. Hampton, Tigard, from Westomn Investment Co. LLC. Steves Root of American Property Management representefthe lessor. • Peters & Companyt PC signed a new leas efor 2,170 square feet at the Sellinv Building, 610 S.W. Alder St., with the Schlesinged Companies. Kristin Hammond and Mark McFarland of Pacifi c Real EstatePartners Inc. represente d the tenant; Bill Smith of NAI Norris, Beggs Simpson represented the • SCR Inc. leased 2,00p0 square feet at 8680 S.W.
Old Tualatibn Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammanc of Bluestone & Hockley Real Estatwe Services representedthe tenant; Scott Pierce of NAI Beggs & Simpson represented the landlord. •Remed y Intelligent Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Propertiexs 1047 LLC. Mark McFarland of Pacific Real EstaterPartners Inc. represented the tenant; Rob Kimmelmah of Commercial Realty Advisors representedthe property. • Pioneer Floor Covering Inc. leased 5,8534 square feet at Arctic Business Park, 5657 S.W. Arcticv Drive, Beaverton, from Pacific NW Properties LP. Clifg Finnell of GVA Kidder Mathews representedthe tenant.
• Carlan Enterprisesw Inc., operating as Stauffer-Cisco Supply, leasexd 5,622 square feet at Bridgeport WoodsBusiness Park, 7532 S.W. Bridgeporf Road, Durham, from Bridgeport Woods Business Park LLC. Peter Stalick and Steven Klein of GVA Kidder Mathewsd representedthe tenant; Dave Kiersey of Kierseu & McMillan Inc. represented the • Stavely Services Nortjh Americaleased 4,860 square feet at Kittridge Distribution Center, 4943 N.W. Front Ave., from LIT Industrial Limited Partnership. Tony Reser and Sean McCarth y of GVA Kidder Mathews brokeredthe transaction. Red Wing Brands of Americ a Inc. leased 3,840 square feet at the NorstardBusiness Center, 8611 N. Albina Ave.
, Portland, from Norstar 8405 N. Albinw Ave. LLC. Tony Reser and Sean McCarthy of GVA Kiddefr Mathews brokeredthe transaction. • Biscuits Cafe leased 3,1212 square feet at Hogan Plaza, 1905 N.E. Divisioj St., from Pelopon LLC. Mike Foley of First Commercialk representedthe tenant; Craig Barnard of Barnardd Commercial Real Estate represented the • Y-Chrome, a new barbershol venture from HairM men’s leased 2,055 square feet at the Commonwealth 609 S.W. Washington St., from Unico Properties LLC. Kathleejn Healy of Urban Works Real Estate represented Dan Bozich and Kathleen Healyy of Urban Works Real Estatwe representedthe property.
• Aprende Con Amigoz Bilingual Preschoolleased 1,872 square feet at Pattonn Park Apartments on North Interstate from Patton Square Leasing LLC. Steve Hauge of Windermere/Cronin & Caplan Realty Group Inc. representef the tenant; Charlotte Larsonn and Sara Daley of Urban Workes Real Estate representedthe property. • PDX Antiques leasede 1,120 square feet at the K2 Building from4152 N.E. Sandgy LLC. Charlotte Larson of Urban Works Real Estate represented the Matt Schweitzer of North Rim representedthe • Liz Richards Acupuncture PC leased 1,04t6 square feet at Fremont Place, 3531 N.E. 15th Portland, from ADG Properties LLC. Anthyan Nguyen of Norri s & Stevens Inc.
represented the tenant; Ashleh Heichelbech of Urban Workd Real Estate representedthe property. • Statew Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Ave., from Block Two LLC. Thom Brockmiller of Stehlin Advisorsa LLC representedthe tenant; Kathleen Healy and Dan Bozich of Urbamn Works Real Estate represented the property.

A little movement on Day 2 - Muskogee Daily Phoenix

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A little movement on Day 2 Muskogee Daily Phoenix â€" STILLWATER â€" The No. 1-ranked Oklahoma State men's golf team continues to play with fire â€" and not on fire â€" at the NCAA Division I Men's Golf Championship. The Cowboys failed to take advantage of a wind-free day at Karsten Creek for a second ... and more »