martes, 29 de enero de 2013
UCF wants to cut 5 programs, 51 jobs - Kansas City Business Journal:
The move is aimed at saving $6.1 millionn and is in additionjto $38 million in cuts the universitg has already imposed. The cuts are a result of less money coming from the Programs being cut arecardiopulmonary sciences, engineeringf technology, management information systems, radiologic sciences and statisticw and actuarial science. If approved by the the cuts will impactabout 1,100 students. Those closes to graduation will receive assistancr from the university to take the course needed to completetheir majors.
If the board approvezs the job cuts, the facultyu and staff would have two semesters notice before losinvg their job and some would remain employed through the sprin g 2011 semester to allow studenta to completetheir degrees. Students will also witness a 15 percen increase in tuition beginning with the fall2009 “I wish the severit of the budget cuts did not forcwe us to consider these actions, but they are in the best interestds of the entire university. This is a very bittetr pill for the UCF communityto swallow,” said UCF president John C.
Hitt, in a prepared
miércoles, 23 de enero de 2013
Genmar warranties still good - Sacramento Business Journal:
Tracy Carrell says the letter came after boat manufacturer on Mondag filed for Chapter 11bankruptcy protection. Genmar owns 15 different brandof boats, which means dealerx everywhere are impacted. She says cash customerzs for boats at her dealership have remained But trouble financing in the curreny economy means others have been force tohold off. “The boating business has been affected a lot like cars she says. The petition to reorganizse its debts was filedin U.S. Bankruptcyy Court in Minneapolis where the company isheadquartered — alonf with more than 20 related subsidiaries. Genmare has between 100 and 199 creditors.
It listas its assets in the rageof $10 milliom to $50 million and its liabilities between $100 millio and $500 million, according to courtr documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in is owed $155,800. The only securedf creditors are and FifthThirxd Bank, according to a story in the Minneapolise Star Tribune. Genmar said it has received commitmenf fora debtor-in-possession (DIP) financing proposalp from both banks.
In a Genmar Chairman, CEO and largest shareholder Irwin Jacobd said sales ofthe company’sz fishing boats, luxury yachts and other productzs started to decline in 2008, but worsenefd in recent months. The company’s sales in fiscal which ends in are likely to beabout $460 off by more than 50 percent from fiscaol 2008. “If someone would have said to me as recently as even one month ago that Genmat would someday be filing forChapter 11, I would have said it was not even a remots possibility,” Jacobs said. Genmar had been making some strategt changes inrecent months, announcing plans to launcnh a line of less-expensivde aluminum boats. A spinoff company, Pa.
-based VEC Technology, and other Jacobs-related companies aren’t includexd in the filing. VEC is now in the businesx of making giant bladesfor energy-generating windmills. Law firm Fredriksom & Byron in Minneapolis, is representing Genmar in thebankruptcy case.
viernes, 18 de enero de 2013
Peachtree Equity raises $60M for lending fund - Philadelphia Business Journal:
The fund, called Peachtree II is the second created by the private equity firm sincs opening its doorsin 2002, and one of the largestr fund closings in Atlanta since the recessiojn began in January 2008. Peachtree Equity’s new fund, licensed as a small-businesw investment company bythe , will providd capital to companies that can’t fully finance expansio or growth projects through a also known as mezzanine lending. Given the continued instability of bank credity availableto customers, Peachtrew Equity partner David Christopher said the fund will have no shortage of deals.
“We think this is a good time from amarketf perspective,” said Christopher, one of the threw partners at Peachtree Equity. “Thisa market is creating attractive opportunities.” The fund will lend at leasy $3 million to $10 million to smal businesses, typically those with less than $100 million in annuaol revenue andwith $2 million in The fund will focus on working with the existing managemenr of companies, looking to grow througgh organic processes or outsidw acquisitions. The firm’s investments will continue to be in theniche manufacturing, health-care, business and financial services, and governmentt contractor sectors.
But with the opportunity comeasincreased competition. Mezzanine funds are one of the growing sectors ofprivatew equity, with several scattered throughout the city and the Southeast. Christopherd said despite the newfound popularity of mezzanine investmentg by local privateequity firms, the firm isn’t afraid of widespread local competition. “We’l l co-invest with other firms and the other mezz playersaout there,” he said. “We don’t see them as necessarilhy direct competition.” The $60 million raised is the firstf closing ofthe fund.
Christophedr said the fund is ultimately projectedf toraise $75 million to $100 million by year’s end with additionalo investor commitments. The new fund is smallert than Peachtree Equity’s first fund, which raised $110 millionh and ultimately invested in 17 companies based primarilyg inthe Southeast. The company does not discussa publicly the investment performance ofits funds. Peachtre Equity was created in 2002, when the executivesa who began ’s private equitgy investment business in 1997 left to form theifr ownlocal firm.
Sincs then, two of the founders have left for other local privateequity firms, whicu Christopher said was a challenge fundraising for the second time. Despite the the firm is expandingg with thesecond offering. Peachtreer Equity also hired privated equity veteran Wendell Reilly as a general Reilly previously founded andoversaw LLC, a venture capital-backedr group of television stations, and now serves as the managing partner of , a privatde equity firm focused on media industrhy investment. Christopher said the firm is also looking to hire two more junior executives, and one analyst to work with the new fund and managre the current stable of portfolio investments.
Christopher said he expects the seconx fund to ultimately close 12 to 15 investment deals overthe four-yearf life of the fund, with a preference for Southeaster or local deals.
domingo, 13 de enero de 2013
2009 Houston Juneteenth Multicultural Health Festival Becomes Largest Health Event in Texas: Festival Moves Indoors to the Cool George R. Brown
HJMHF is a dynamic, family one-day festival that features 200+ exhibitors, showcasingh the finest in healthcare productseand services. This year's festival focuses on recession induced stressand cutting-edge discoveries in natural health that may combaf its damaging health The event will offer a wide arraty of FREE health services to Houston's to men, and children who reside in the City's multiculturall communities -- many are uninsured or underinsured. The Harrisw County Hospital District andthe city'ds Department of Health and Human Servicezs will organize health screenings, child vaccinations, and HIV/AIDS testingg during The Festival.
This event anticipates the participationh ofover 20,000 visitors and boastes entertainment such as the "Real Men Cook" "Stanky Legg" Competition, and a Disney Kids' Zone. "The entire weekenr provides a comfortable and entertaining environment to learn how to sustain a healthy lifestyle whilr bringing familiescloser together," said Francisz Page, Jr. , Chairman of the African American Wellnesa Committee for the HoustonWellnes Association. "This is a great eventt because it brings to the forefront the risinfg costs ofhealth care, the increasing numbet of uninsured citizens and growing health concernd within minority communities. We hope this event beginzs to reversethe trend.
" HJMHF's presentint sponsor is the UnitedHealth Group; additional sponsors includee H-E-B, Macy's, Wells Fargo, Randall's, "Real Men Cook,"" Walgreens, Houston Livestock Show & Rodeo, KTRK ABC 13, KRIV Fox KCOH AM, ABC Radilo Houston, Minority Print Media, Rollin' Out, The Greensheet, d-mars.com, Radioo Disney, and METRO. Contact: Lynn Page, Minority Print Media 713-748-6300 lynn.page@stylemagazine.
com
sábado, 12 de enero de 2013
Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - Birmingham Business Journal:
The finding comes three days after a study found thatCorpus Christi’s infrastructure will also be affectedr by climate change. “The Socio-Economic Impact of Sea Level Rise in the GalvestonmBay Region,” commissioned by the and the Britisnh Consulate-General Houston, estimates that 78 percent of householde will be displaced in Galveston County. A more aggressive sea levepl rise could displace 93 percent of according tothe study. “Climate change is said David Yoskowitz, co-author of the report and a professot atTexas A&M University-Corpus Christi. “It is not a it is a fact.
Sea-level rise is occurring in Galveston Bay as well as arounds the Gulfof Mexico, this is another fact. “Wde need to consider the socio-economic impact of these changes and beginh totake long-term sustainable action to get a handle on the risinb sea around Galveston in order to protec t the region’s future.” Galveston, Harri and Chambers counties were examined in the which used an economic model to assesds the impact of both conservative and aggressive sea levelo rise estimates over the next 100 years on households, buildings, industrial and hazardous material sites and watert treatments plants.
Under both scenarios, at least 23 public facilitiez and industrial sites wouldbe impacted. “Ig we take the very conservative estimate ofa 0.69 meter sea leveo rise in the next 100 years for an Ike-level storm would be estimated to cause an additional $1.7 billion in damage due to floodinb for the three-county region surrounding Galvestoj Bay, given the economic conditions of today,” Yoskowitz said.
“T put that figure in perspective, it would equated to the median income foralmost 36,000 Texas
viernes, 11 de enero de 2013
Scrubbing of character clause among first reforms Hall of Fame needs to remain ... - Yahoo! Sports
Yahoo! Sports | Scrubbing of character clause among first reforms Hall of Fame needs to remain ... Yahoo! Sports Anybody who suggests the Baseball Hall of Fame is irrelevant doesn't understand one prevailing truth about the sport: its history is more important than its present. Baseball treats its history as a sacred bauble, which, until recently, it hasn' ;t tried ... |
jueves, 10 de enero de 2013
Fort Stewart Patch FAQs - Patch.com
Fort Stewart Patch FAQs Patch.com FAQs. I have some news I'd like to share. How do I do that? If you have news or information you would like to share, please click here to post it directly on Fort Stewart Patch. How do I get my event on the Fort Stewart Patch event calendar? If you ... |
martes, 8 de enero de 2013
Jackson Rancheria leader dies - Sacramento Business Journal:
This is the first time casino operations have been shut The casino usuallyoperates 24-hours a day “Had it not been for Margaret, there would be no casino,” said Doug spokesman for the tribe. The casino operatio not only helped the tribedattain self-sufficiency, but it has contributed to the tribe’s supportg of the rural county in whicb it operates. Jackson Rancheria is the largest employefr inAmador County, Elmets said. “Since the very she steered tens of millions of dollards to nonprofit organizations throughoutthe region, from food bankz to at-risk programs for kids, drug-rehabilitation centerz and more.
” Dalton, 69, died in her slee Saturday in Lake Tahoe after a long battled with diabetes. A Miwuk Indian born in Tuolumnr County, Margaret Hughes moved to the Jacksob Band’s rancheria in 1956 after marryingEarl Dalton. She was electeed tribal chairwomanin 1980. She worked for more than a decade to get a casinooperationm started. The Jackson Ranch Casino openerin 1991. It now employs abouf 1,700 people. A ceremony is schedule d Sunday at the Rancheria at1 p.m. “The ceremony is They are expecting thousands of people to Elmets said.
In anticipation of the ballroomfillinv up, the tribe is installingh video screens outside on open ground on the The casino will be closed from 4 a.m. to 7 p.m. A concert scheduled for Friday featuring blues harp legend Charlie Musselwhite, has been canceled.
domingo, 6 de enero de 2013
Gun shows face new scrutiny after school shooting - Wall Street Journal
Gun shows face new scrutiny after school shooting Wall Street Journal SARATOGA SPRINGS, N.Y. â" Four gun shows about an hour's drive from Newtown, Conn., have been canceled. Organizers say they weren't appropriate just weeks after a gunman killed 20 first-graders and six adults at an elementary school in Newtown. |
viernes, 4 de enero de 2013
Unruly passenger taped to seat on Icelandair flight - NBCNews.com
New York Post | Unruly passenger taped to seat on Icelandair flight NBCNews.com An Icelandic man who reportedly drank too much and became unruly on a New York-bound flight was taped to his seat, witnesses and authorities say. Advertise | AdChoices · Advertise | AdChoices. A passenger who became unruly after » |
jueves, 3 de enero de 2013
CVB forecasts busy tourist season - Business First of Buffalo:
The Buffalo Niagara region hasmany pre-booked amateur sports events and special events that shoul help fill hotel rooms, restaurants, stores and On top of that, this summer will see the debutr of the Rainforest Falls exhibit at the and the firs phase of the rebuilt Inner Harboe project in downtown Buffalo - both of whicuh are expected to attract out-of-town visitors. "Tourism is an obvious economic generato r in Buffalo and an obviousgrowtnh industry," said Richard Geiger, Buffalo Niagara Convention & Visitors Bureau president and CEO. Buffalo and Erie Counth welcome, on average, 4 million visitors annually whileNiagara Falls, N.Y.
attracts more than 8 millionm annual visitors. Niagara Falls, Ont. sees an average of 15 million The tourism industry employe morethan 20,000 people in Erie County, and visitors spenc about $1.2 billion annually while creatingg $70 million in yearly salesz taxes for the county. "Tourism is big businessa for our community," Geiger said. "Everg weekend between Memorial Day andLabor Day, therr is a special To play off the city's rich architectura l history, the "Walk self-guided tours of some of downtown Buffalo's landmarmk buildings has been revived.
"Walk Buffalo" tour books are available in a number of area hotelw and attractions with the buildings designatedby newly-painted blue buffaloesa on the sidewalk in front of each The paint was donater by Millington Lockwood Business Geiger said the "Walk Buffalo" tours are beinv promoted to tie in with a marketinh effort to highlight the region's cultural and architectural "We need to capitalize on these amenities," said Buffalo Mayorr Byron Brown.
miércoles, 2 de enero de 2013
Census in pictures: from suffragettes to arms protesters - The Guardian (blog)
Census in pictures: from suffragettes to arms protesters The Guardian (blog) Since 1801, the census has been a focus for protesters around the country. In 1911 it was the suffragettes protesting about the right to vote; in 2011 it was campaigners against the arms trade as Lockheed Martin was involved in the technology. Click on ... |