moakhamet84.blogspot.com
That creates a paradox. Despitde the fact that the clienft wants to someday maximize the value of this most business owners and entrepreneurz never take advantage of all of the benefitw that business ownershipcan provide. • Retirement planniny — The Employee Retirement Security Act of 1974 set minimum standards for qualifiedretirement plans. In many this law can result in reverse discrimination a situation inwhich lower-paid employees can save a greaterd percentage of their income than higher-paid employeez or owners. For example, the maximum amount of contributione toa 401(k) plan in 2009 is $16,500 ($21,50 0 if a person is over 50).
This meanws that an employee earning $50,000 can save 33 percent of income, whereas an employee or owner earning $500,00p0 is eligible to contribute only a little more than 3 percentrof income. This results in discrimination because the highly compensatedindividuaol won’t be able to replace the same percentage of incoms at retirement. In ordef to compensate for these inefficiencies, owners often will adopt a nonqualified executive benefit plan to allosw owners and key employees the opportunity to defer additiona l moneyfor retirement. There are several variations ofnonqualifiedc plans, and they can be designed to allow employee contributions, employee deferrals or both.
It’e important to note that therde are restrictions arounddeferring compensation, most of whicg are governed under IRC 409A. Disability protection — Most businese owners offer some short- and long-term disability insurance as a fringe benefit totheitr employees. These benefits typicallhy pay a replacement ratio of approximately 60 percengof income, to a maximum of $10,000 to $15,0090 a month. However, these benefits also ofteh result in providing a lowed income replacement ratio for key employeesor owners. Assuming a $15,000 cap, an employee earning $500,000p would replace just 36 percentt oftheir income.
It’s possibled to solve this shortfall by carving out the ownerx andkey executives, and provide additiona disability benefits. • Life insurance protection Business owners often face the same limitationw with life insurance benefits as they do with theidr retirement anddisability plans. Again, it’s possible to construcf a separate plan for owners orkey employees, usintg either term or permanent life insurancs contracts. Life insurance contracts that accumulate cash values ofteh are used in combination with some of the retiremenftplan solutions.
• Continuation planning — At some all business owners physically can’t, or want to continue to work intheir business. Whetheer this is caused by the desireto retire, a disability or a death, there are several importanyt questions to consider. (1) Who will buy or take over the business at deathor retirement? (2) How will the sale be financed (3) How much value will be received by the businesws owner and/or their family? (4) Who will manage the business in the eventt of a disability? (5) Where will the liquidity come from to keep the businesx running in the event of a disability (6) If any or all of thes issues have been addressed, are the solutiona documented?
It’s advisable for all business owners to have a writtem business continuation plan to address all of these The best advice for anyone engaging in a new ventures is to know the rules of the know what the financia stakes are, and know what the exit plan is if thinga don’t work out. This will ensure that theres will be a minimal number of surprises forthe owner, the family and employees. These are important considerations in all stages of and these solutions can be scaledr and revised as the businesse growsand prospers.
Business owners have a tendencty to throw everything back into their businesszbecause it’s often the best return on theirf investment, but many do so without ever diversifying or takingv any chips off the table. Thesed are simple strategies to help manage risk during the quesftfor freedom.
Monday, February 28, 2011
Friday, February 25, 2011
Producers want their voice heard - Business First of Columbus:
bertayfybuqutyp.blogspot.com
“We can’t maintain a come-one, come-all attitude,” said Alan the study’s co-author and a researc fellow withthe , a coalition of U.S. manufacturers. The study looked at economic growth across multiple sectors and in eigh t states considered battlegrounds in theNovember election, including Ohio. It concluded that sectors most exposed to theglobal economy, primarily manufacturing, grew slower than those marginally affected or unaffected by it.
Manufacturing outpuyt grew by 26 percent nationwide between 1997 and while the overall economy grew67 percent, according to the But sectors partially affected by global pressures – such as technology and transportation – grew at twicw manufacturing’s rate, while sectors unaffecte by world economic affairs, such as health care, construction and real estate, grew even Ohio’s economic growth during the decader trailed the U.S. pace at 40 while Ohio manufacturing grew6 percent. The study also said U.S.
manufacturiny jobs declined 20 percent in the past10 years, which it attributed to plant closings as well as improved productivity and “Whatever you think about manufacturing job loss, (manufacturing) clearlh is a laggard independenty of the job situation,” Tonelson said. “It’s not beyond the shadow of a but it’s very suggestive.” Those with an eye on U.S. trades policy say that other than advertisements decryingy jobsgoing overseas, neither presidential candidate has discussexd trade issues much. “We need a nationapl strategy aimed atgrowing manufacturing.
It has been undervalued in saidScott Paul, executive directord of the Alliance for American Manufacturing, a non-partisan partnership between producers and the union. Democrati c presidential candidate Barack Obama supportx using trade agreements to promote betted labor and environmental standards around the according to his He said he will pressure the to enforcse trade agreements and stop unfair government subsidiesand non-tariff barriers on U.S. exports.
Among the other points in his trade Obama supports amending the North American FreeTradd Agreement; opposes tax breaks for companies that move jobs plans to double funding for the Manufacturing Extension Partnership, whicy works with companies to improve efficiency; and proposes to investf $150 billion over 10 years in cleajn energy technology and other green jobs. Republicam candidate John McCainsupports multilateral, regional and bilateral efforts to reduce barriers to tradwe and “effective enforcement” of global trading rules, according to his campaigm Web site.
Also as part of his tradwe platform, McCain supports improved education and accesds to schoolsfor children, and reforminb training programs for displaced workers. Paul said the United Statees has a skewed relationship with Chins that is contributing heavily tothe $260 billion trade deficit. Myriad issues include China’ss policy of keeping its currency weak, which artificiallgy makes itsexports cheaper; governmentt subsidies, which reduce its cost of doinyg business; and less restrictive environmental and labor Paul said the Alliance for American Manufacturing isn’t arguinf for relaxed domestic standards. Rathedr it wants China to be held to some of the samerequirementws U.S.
manufacturers face. “We need to be smarter and more aggressives abouttrade policy,” he said. “This is not abouyt building a wall. Chins is doing things it shouldn’t be doing. Washingtonn has been inactive. The most important thing they can do isenforcer it.” Paul said Ohio has lost 102,000 jobs in seven yeares because of trade with China. According to the Ohio exportstotaled $42.4 billion in up 11 percent from 2005, in line with the overall U.S. increass of 12 percent. “Export markets have been a savioefor Ohio,” said Ohio Manufacturers’ Association Presidentg Eric Burkland. “International trad is the lifeblood toour growth.
” Canada accounted for 46 percentf of the state’s exports last year at $19.6 Mexico, Japan and Chinw were the next three larges markets. Burkland said tradwe needs to bemore fair, but the United Statees must be careful not to harm globall opportunities. Enforcement of trads agreements, he said, is key. Frank Vargo, vice president of internationalo economic affairs forthe , said NAFTAz and other agreements aren’t the
“We can’t maintain a come-one, come-all attitude,” said Alan the study’s co-author and a researc fellow withthe , a coalition of U.S. manufacturers. The study looked at economic growth across multiple sectors and in eigh t states considered battlegrounds in theNovember election, including Ohio. It concluded that sectors most exposed to theglobal economy, primarily manufacturing, grew slower than those marginally affected or unaffected by it.
Manufacturing outpuyt grew by 26 percent nationwide between 1997 and while the overall economy grew67 percent, according to the But sectors partially affected by global pressures – such as technology and transportation – grew at twicw manufacturing’s rate, while sectors unaffecte by world economic affairs, such as health care, construction and real estate, grew even Ohio’s economic growth during the decader trailed the U.S. pace at 40 while Ohio manufacturing grew6 percent. The study also said U.S.
manufacturiny jobs declined 20 percent in the past10 years, which it attributed to plant closings as well as improved productivity and “Whatever you think about manufacturing job loss, (manufacturing) clearlh is a laggard independenty of the job situation,” Tonelson said. “It’s not beyond the shadow of a but it’s very suggestive.” Those with an eye on U.S. trades policy say that other than advertisements decryingy jobsgoing overseas, neither presidential candidate has discussexd trade issues much. “We need a nationapl strategy aimed atgrowing manufacturing.
It has been undervalued in saidScott Paul, executive directord of the Alliance for American Manufacturing, a non-partisan partnership between producers and the union. Democrati c presidential candidate Barack Obama supportx using trade agreements to promote betted labor and environmental standards around the according to his He said he will pressure the to enforcse trade agreements and stop unfair government subsidiesand non-tariff barriers on U.S. exports.
Among the other points in his trade Obama supports amending the North American FreeTradd Agreement; opposes tax breaks for companies that move jobs plans to double funding for the Manufacturing Extension Partnership, whicy works with companies to improve efficiency; and proposes to investf $150 billion over 10 years in cleajn energy technology and other green jobs. Republicam candidate John McCainsupports multilateral, regional and bilateral efforts to reduce barriers to tradwe and “effective enforcement” of global trading rules, according to his campaigm Web site.
Also as part of his tradwe platform, McCain supports improved education and accesds to schoolsfor children, and reforminb training programs for displaced workers. Paul said the United Statees has a skewed relationship with Chins that is contributing heavily tothe $260 billion trade deficit. Myriad issues include China’ss policy of keeping its currency weak, which artificiallgy makes itsexports cheaper; governmentt subsidies, which reduce its cost of doinyg business; and less restrictive environmental and labor Paul said the Alliance for American Manufacturing isn’t arguinf for relaxed domestic standards. Rathedr it wants China to be held to some of the samerequirementws U.S.
manufacturers face. “We need to be smarter and more aggressives abouttrade policy,” he said. “This is not abouyt building a wall. Chins is doing things it shouldn’t be doing. Washingtonn has been inactive. The most important thing they can do isenforcer it.” Paul said Ohio has lost 102,000 jobs in seven yeares because of trade with China. According to the Ohio exportstotaled $42.4 billion in up 11 percent from 2005, in line with the overall U.S. increass of 12 percent. “Export markets have been a savioefor Ohio,” said Ohio Manufacturers’ Association Presidentg Eric Burkland. “International trad is the lifeblood toour growth.
” Canada accounted for 46 percentf of the state’s exports last year at $19.6 Mexico, Japan and Chinw were the next three larges markets. Burkland said tradwe needs to bemore fair, but the United Statees must be careful not to harm globall opportunities. Enforcement of trads agreements, he said, is key. Frank Vargo, vice president of internationalo economic affairs forthe , said NAFTAz and other agreements aren’t the
Wednesday, February 23, 2011
Teamsters consider extra 5 percent YRC Worldwide pay cut - Kansas City Business Journal:
http://globalcassavastrategy.net/latin_american_report.htm
Leaders of local unitsz for the overwhelmingly endorsed the tentative plan at a Tuesdayy meetingin Chicago, the unionj said. It would save the company hundreds of millionsof dollars. If union-represented YRC workerws vote forthe plan, it will boost the union’s potential ownership in the companyg to as much as 35 The plan also would require all YRC employees to take similard cuts, gain the union a YRC board appointee and briny in a corporate turnaround expert. YRC shares, whichu had been trading down on Tuesday, took a sharp upturjn after 2 p.m., closing up 14 or 20 cents, at The day’s range was $1.34 to $1.69, according to .
The Overland Park truckinhg company (Nasdaq: YRCW) and the Teamsters have been negotiating since June 29 abou t concessions that would provide YRC with the cash necessarg to survivethe recession. but didn’g release details until Tuesday. YRC has about 49,000o employees, including about 35,000 union workers to whom ballotz are expected to be mailecd laterthis week. They’re tentativelty scheduled to be countedon Aug. 6, the unionn said. The 5 percent wage cut, which would be effective untip the union labor agreement endsin 2013, would mean a 15 percenty total cut in wages this Early this year, Teamsters members agreed to a 10 percenf cut in exchange for a 15 percentf stake in YRC.
The cost-of-living adjustment also is suspender throughthe contract, according to a document distributesd at the Chicago meeting. YRC would end its participatioh in union pension plans from July 1through Dec. 31, meaning members don’t accrue pension benefits duringthat time. The companyh would have to resume participation and paymentson Jan. 1, 2011. The changesd would save about $45 million a month, increasingb to $50 million a month in YRC said in aTuesday release.
According to the document, YRC agreexd to Teamsters demands that included gaining an appointee to the bringing in aturnaround consultant, offering the opportunity to get YRC stock optionds for an additional 20 percent of outstandinb shares, bringing back bargaining-unit work that had been transferree to other countries, limiting the expansion of YRC Logisticsw and transferring its work back to the bargainint unit, restricting how the savings can be and requiring wages to revertr to full rates should YRC file for bankruptcyt or be sold.
Job protectionsa were added as In addition, the document non-union workers at YRC would take equap pay cuts and, during the 18 monthws when YRC doesn’t participate in pensiohn plans, wouldn't receive retirement benefits or 401(k) contributions. YRC’sd banks also agreed to “provide a fair shars of the economic thedocument said, and YRC must provide the unio n with enough financial information that it can ensurwe the company’s compliance with plan , a union reform group, said Tuesday that the wage cut is wortg about $1.16 an hour and would begijn immediately following a positive vote. The pensiohn withdrawal is valuedat $7.
60 an hour for the first 12 monthsz and $8.20 an hour for the second part of TDU said. “Unfortunately, the freightf recession has worsened for all trucking companies as 2009 has but it’s been more aggravated at (YRC) companiea than any other trucking group operatinhg in North America,” the Teamsters said in a YRC also is continuingv its efforts to refor multiemployer pension plans, the company said in its YRC ranks No. 2 on the Kansas City BusinesswJournal ’s list of area public companies.
Leaders of local unitsz for the overwhelmingly endorsed the tentative plan at a Tuesdayy meetingin Chicago, the unionj said. It would save the company hundreds of millionsof dollars. If union-represented YRC workerws vote forthe plan, it will boost the union’s potential ownership in the companyg to as much as 35 The plan also would require all YRC employees to take similard cuts, gain the union a YRC board appointee and briny in a corporate turnaround expert. YRC shares, whichu had been trading down on Tuesday, took a sharp upturjn after 2 p.m., closing up 14 or 20 cents, at The day’s range was $1.34 to $1.69, according to .
The Overland Park truckinhg company (Nasdaq: YRCW) and the Teamsters have been negotiating since June 29 abou t concessions that would provide YRC with the cash necessarg to survivethe recession. but didn’g release details until Tuesday. YRC has about 49,000o employees, including about 35,000 union workers to whom ballotz are expected to be mailecd laterthis week. They’re tentativelty scheduled to be countedon Aug. 6, the unionn said. The 5 percent wage cut, which would be effective untip the union labor agreement endsin 2013, would mean a 15 percenty total cut in wages this Early this year, Teamsters members agreed to a 10 percenf cut in exchange for a 15 percentf stake in YRC.
The cost-of-living adjustment also is suspender throughthe contract, according to a document distributesd at the Chicago meeting. YRC would end its participatioh in union pension plans from July 1through Dec. 31, meaning members don’t accrue pension benefits duringthat time. The companyh would have to resume participation and paymentson Jan. 1, 2011. The changesd would save about $45 million a month, increasingb to $50 million a month in YRC said in aTuesday release.
According to the document, YRC agreexd to Teamsters demands that included gaining an appointee to the bringing in aturnaround consultant, offering the opportunity to get YRC stock optionds for an additional 20 percent of outstandinb shares, bringing back bargaining-unit work that had been transferree to other countries, limiting the expansion of YRC Logisticsw and transferring its work back to the bargainint unit, restricting how the savings can be and requiring wages to revertr to full rates should YRC file for bankruptcyt or be sold.
Job protectionsa were added as In addition, the document non-union workers at YRC would take equap pay cuts and, during the 18 monthws when YRC doesn’t participate in pensiohn plans, wouldn't receive retirement benefits or 401(k) contributions. YRC’sd banks also agreed to “provide a fair shars of the economic thedocument said, and YRC must provide the unio n with enough financial information that it can ensurwe the company’s compliance with plan , a union reform group, said Tuesday that the wage cut is wortg about $1.16 an hour and would begijn immediately following a positive vote. The pensiohn withdrawal is valuedat $7.
60 an hour for the first 12 monthsz and $8.20 an hour for the second part of TDU said. “Unfortunately, the freightf recession has worsened for all trucking companies as 2009 has but it’s been more aggravated at (YRC) companiea than any other trucking group operatinhg in North America,” the Teamsters said in a YRC also is continuingv its efforts to refor multiemployer pension plans, the company said in its YRC ranks No. 2 on the Kansas City BusinesswJournal ’s list of area public companies.
Sunday, February 20, 2011
AT&T cuts iPhone prices - Business First of Louisville:
steel roof tiles
Customers can purchase the iPhon 3G immediatelyat AT&T company-owned stores or The iPhone 3G S is availabled for preordering and will be in stores June 19. The pricer cut came in conjunctionwith AT&T'w reaffirmance of its financial guidances for 2009 that targets wireless service operating income marginz in the low 40% range. Dallas-basedr AT&T (NYSE: T) said its cost of customere acquisition for iPhone 3G S and the newly pricerd iPhone 3G are expected to be very similafr to the costs associated with the originaliPhone 3G. In the firsgt quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40% of them for customeres who were new to the “iPhone 3G S is the fastest, most powerfuk iPhone yet, and we’re extremely proud to offer it to our customerws on the nation’s fastest 3G network,” said Ralphu de la Vega, president and CEO, AT&T Mobility and Consumert Markets. “We’re also pleased to offer these innovative phones and plansx atincredible values, includingb free Wi-Fi access at nearlyy 20,000 hot spots.
”
Customers can purchase the iPhon 3G immediatelyat AT&T company-owned stores or The iPhone 3G S is availabled for preordering and will be in stores June 19. The pricer cut came in conjunctionwith AT&T'w reaffirmance of its financial guidances for 2009 that targets wireless service operating income marginz in the low 40% range. Dallas-basedr AT&T (NYSE: T) said its cost of customere acquisition for iPhone 3G S and the newly pricerd iPhone 3G are expected to be very similafr to the costs associated with the originaliPhone 3G. In the firsgt quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40% of them for customeres who were new to the “iPhone 3G S is the fastest, most powerfuk iPhone yet, and we’re extremely proud to offer it to our customerws on the nation’s fastest 3G network,” said Ralphu de la Vega, president and CEO, AT&T Mobility and Consumert Markets. “We’re also pleased to offer these innovative phones and plansx atincredible values, includingb free Wi-Fi access at nearlyy 20,000 hot spots.
”
Friday, February 18, 2011
No, Dwight Howard is Not "Properly Rated," Despite Bill Simmons' Claims - Orlando Pinstriped Post
concrete roof tiles
No, Dwight Howard is Not "Properly Rated," Despite Bill Simmons' Claims Orlando Pinstriped Post Drawing on a concept from Chuck Klosterman, the pop-culture critic whose Sex, Drugs and Cocoa Puffs remains one of my favorite reads, Simmons contends Howard is "properly rated" in the same way "The Social Network, Albert Pujols, Rihanna" and a host of ... |
Tuesday, February 15, 2011
SBA bridge loans available in June - bizjournals:
Wood ceiling
Through the program, small businesses that are havingv trouble making payments onexistingv non-SBA loans can borrow up to interest-free. The money can be used to make up to six monthxs of principal and interest paymentson small-businessd debt ranging from mortgages to credit cards. Smal businesses will have one year after the final disbursementf of these bridge loans before they have to start payinvthem back. They will then have five years to repaythe loans. The economic stimulus bill callexd for the SBA to create the new temporarhloan program.
The agency will guarantee 100 percenf of the amount ofthese America’s Recovery Capital loans, which will be made througb its network of private-sector lenders. SBA administrator Kare n Mills said the agency will provide guidancer to lenders on the ARC program byJune 8, and will beginn accepting loan packages from lenders June 15. “We expectg these loans to be inhigh demand,” Millws said. Tony Wilkinson, president and chief executivre officer ofthe , estimates the approximatelyh $350 million in loans that will be available through the prograkm will be used up “rather quickly,” perhaps in threwe months.
But lenders are still awaitinfg crucial details onthe program, he Only “viable” small businesses will be eligible to receivse the loans, for example, and the SBA hasn’t define viable yet. Plus, the SBA will be subsidizingf the interest onthe loans, and the agency has not told lenders what interest rate they can charge. The SBA will provide these details to lenderszJune 8, Mills said. In she said, viable small businesses are firmzs with a track record of success that are experiencingtemporary difficulties, such as decliningf sales, due to the economicx downturn.
They also must present a plan demonstrating they will be able to sustaijn themselvesonce they’ve used up the emergency she said. Lenders that currently do not participate inthe SBA’es government-guaranteed loan programs will be given the opportunituy to do so. This will enable them to help borroweres who are behind on their loan andturn past-due loans into loanxs that are current. This should result in more banksz becomingSBA lenders, a goal of both Mill and Sen. Mary Landrieu, a Louisianq Democrat who chairsthe . Only about half of all U.S. bankas make SBA loans, Landrieu said.
If therse is a problem with the program that keepss banksfrom participating, “we want to correct she said. The Small Business Administrationis “carefully calibrating a plan” to provide automobild dealers with loans for purchasing vehicl e inventory, Mills said. Auto dealersx already have benefited fromthe SBA’s decision to make more than 70,009 additional businesses eligible for its 7(a) The agency temporarily is allowing lendersw to consider a company’s net worth and annual incomew as an alternative to its usual size standards, whichg are based on revenue or number of employees, dependingg on industry.
These 7(a) loans will provide needed workinfg capital, but auto dealers say they’rse also having trouble getting “floorplan” loans, which are needed to purchaswe vehicles from auto manufacturers for sale tothe public. Mill s said the SBA will begin allowingits government-guaranteed loan s to be used for vehicle inventory financing in a few
Through the program, small businesses that are havingv trouble making payments onexistingv non-SBA loans can borrow up to interest-free. The money can be used to make up to six monthxs of principal and interest paymentson small-businessd debt ranging from mortgages to credit cards. Smal businesses will have one year after the final disbursementf of these bridge loans before they have to start payinvthem back. They will then have five years to repaythe loans. The economic stimulus bill callexd for the SBA to create the new temporarhloan program.
The agency will guarantee 100 percenf of the amount ofthese America’s Recovery Capital loans, which will be made througb its network of private-sector lenders. SBA administrator Kare n Mills said the agency will provide guidancer to lenders on the ARC program byJune 8, and will beginn accepting loan packages from lenders June 15. “We expectg these loans to be inhigh demand,” Millws said. Tony Wilkinson, president and chief executivre officer ofthe , estimates the approximatelyh $350 million in loans that will be available through the prograkm will be used up “rather quickly,” perhaps in threwe months.
But lenders are still awaitinfg crucial details onthe program, he Only “viable” small businesses will be eligible to receivse the loans, for example, and the SBA hasn’t define viable yet. Plus, the SBA will be subsidizingf the interest onthe loans, and the agency has not told lenders what interest rate they can charge. The SBA will provide these details to lenderszJune 8, Mills said. In she said, viable small businesses are firmzs with a track record of success that are experiencingtemporary difficulties, such as decliningf sales, due to the economicx downturn.
They also must present a plan demonstrating they will be able to sustaijn themselvesonce they’ve used up the emergency she said. Lenders that currently do not participate inthe SBA’es government-guaranteed loan programs will be given the opportunituy to do so. This will enable them to help borroweres who are behind on their loan andturn past-due loans into loanxs that are current. This should result in more banksz becomingSBA lenders, a goal of both Mill and Sen. Mary Landrieu, a Louisianq Democrat who chairsthe . Only about half of all U.S. bankas make SBA loans, Landrieu said.
If therse is a problem with the program that keepss banksfrom participating, “we want to correct she said. The Small Business Administrationis “carefully calibrating a plan” to provide automobild dealers with loans for purchasing vehicl e inventory, Mills said. Auto dealersx already have benefited fromthe SBA’s decision to make more than 70,009 additional businesses eligible for its 7(a) The agency temporarily is allowing lendersw to consider a company’s net worth and annual incomew as an alternative to its usual size standards, whichg are based on revenue or number of employees, dependingg on industry.
These 7(a) loans will provide needed workinfg capital, but auto dealers say they’rse also having trouble getting “floorplan” loans, which are needed to purchaswe vehicles from auto manufacturers for sale tothe public. Mill s said the SBA will begin allowingits government-guaranteed loan s to be used for vehicle inventory financing in a few
Sunday, February 13, 2011
NCR confirms move to Georgia - Business Courier of Cincinnati:
otomaqaqaba.blogspot.com
NCR (NYSE: NCR) will create 2,120 additional jobs in Georgiza as a result of the headquarters move and a newmanufacturinvg facility, according to a company press The company said it will begi n moving its headquarters from Dayton to Ga., in July. The company will add roughly 1,250 jobs with the shifting NCR said in a Tuesdaypress release. The companyt did not specify how many of thosde jobs will comefrom However, it said it will work with impacted employeeds to provide career services suppory and advice. NCR will not completeluy vacate Dayton, as it will continue to operate a data centee and support forlocak customers, with fewer than 50 employeez remaining locally.
A company spokesperson said Tuesday there will be opportunities for some stafft to transfer and it will depend onindividualp circumstances. He emphasized the majority of the jobs will leavwe Dayton and the company will putits 1.3 million-square-footy headquarters up for sale. He said thers will be no public announcement and the companyu will work through the issuew internally in thecoming months. Officialw said they expect the transition to be completedby 2010. Daytonj Commissioner Nan Whaley said the city willlose $2.5 millionb in income tax revenue with NCR'a departure. The loss is expected to createperipheral too.
According to a pressa release, NCR — which was foundefd in Dayton in1884 — decided to move its worldwidw headquarters to Georgia after analysis of potential U.S. locations, usinbg data on the available infrastructure, financial incentives and governmengttax structures. In addition to the NCR will create about 870 jobsin Ga., at its new ATM manufacturingg facility. Columbus, Ga., officials will use stimulusw funding, provided by the Economic Development Authority, to purchase a building for the plant, whicn will be leased back by NCR, according to the presxs release.
The , with local officialws expressing frustration the company was not responding to their Monday night, the to retain the company, but believe an announcement about an NCR announcement was Atlanta Business Chronicle, a sister publicatiohn to the DBJ,
NCR (NYSE: NCR) will create 2,120 additional jobs in Georgiza as a result of the headquarters move and a newmanufacturinvg facility, according to a company press The company said it will begi n moving its headquarters from Dayton to Ga., in July. The company will add roughly 1,250 jobs with the shifting NCR said in a Tuesdaypress release. The companyt did not specify how many of thosde jobs will comefrom However, it said it will work with impacted employeeds to provide career services suppory and advice. NCR will not completeluy vacate Dayton, as it will continue to operate a data centee and support forlocak customers, with fewer than 50 employeez remaining locally.
A company spokesperson said Tuesday there will be opportunities for some stafft to transfer and it will depend onindividualp circumstances. He emphasized the majority of the jobs will leavwe Dayton and the company will putits 1.3 million-square-footy headquarters up for sale. He said thers will be no public announcement and the companyu will work through the issuew internally in thecoming months. Officialw said they expect the transition to be completedby 2010. Daytonj Commissioner Nan Whaley said the city willlose $2.5 millionb in income tax revenue with NCR'a departure. The loss is expected to createperipheral too.
According to a pressa release, NCR — which was foundefd in Dayton in1884 — decided to move its worldwidw headquarters to Georgia after analysis of potential U.S. locations, usinbg data on the available infrastructure, financial incentives and governmengttax structures. In addition to the NCR will create about 870 jobsin Ga., at its new ATM manufacturingg facility. Columbus, Ga., officials will use stimulusw funding, provided by the Economic Development Authority, to purchase a building for the plant, whicn will be leased back by NCR, according to the presxs release.
The , with local officialws expressing frustration the company was not responding to their Monday night, the to retain the company, but believe an announcement about an NCR announcement was Atlanta Business Chronicle, a sister publicatiohn to the DBJ,
Thursday, February 10, 2011
Fresh off court win, Phoenix Coyotes look to defrost season-ticket sales - San Antonio Business Journal:
http://scrubadub.com/detailguideqsint.html
That includes a June 25 open houseat Jobing.com Arena in where the team will promote partiapl season ticket plans. The has been running the Coyotes’ fronyt office since May, when team owner Jerrh Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfield Baum ruled againsra $213 million sale of the team by Moyed to Canadian billionaire Jim Balsillie, CEO of BlackBerryu maker Research in Motion.
Balsilli wanted to buy the Coyotea and move the teamto Hamilton, but he set a June 29 deadline for the Baum said that did not allo enough time to resolve the hockey team’a bankruptcy and finance issues, so he shot down the Still, Balsillie could return to the table with anothef offer and timetable. The NHL is courtinfg other possible new owners who would keep the team in The league has said it will financed the team intothe 2009-10 seasoj if necessary. The Coyotes have lost more than $300 million since moving to the Phoenix market in 1996from Manitoba.
The team’s bankruptcy and possiblew sale and move to Canadaq have pretty much dried up ticket salesand renewals, NHL attorneys have acknowledgeed in Bankruptcy Court. Sports teamx in general, including the Arizona Diamondbacks andPhoenixs Suns, are facing bearishh ticket sales as consumers and businesses curtailp spending during the Baum’s recent ruling improved the chances of the Coyotews staying in Glendale. The 2009-10 NHL preseasomn starts in September, and the regular seasonn beginsin October. Bankruptcy Court filinge show the team averaged fewerthan 11,0009 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 The season-ticket open house will be 6 to 9 p.
m. June 25 at the
That includes a June 25 open houseat Jobing.com Arena in where the team will promote partiapl season ticket plans. The has been running the Coyotes’ fronyt office since May, when team owner Jerrh Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfield Baum ruled againsra $213 million sale of the team by Moyed to Canadian billionaire Jim Balsillie, CEO of BlackBerryu maker Research in Motion.
Balsilli wanted to buy the Coyotea and move the teamto Hamilton, but he set a June 29 deadline for the Baum said that did not allo enough time to resolve the hockey team’a bankruptcy and finance issues, so he shot down the Still, Balsillie could return to the table with anothef offer and timetable. The NHL is courtinfg other possible new owners who would keep the team in The league has said it will financed the team intothe 2009-10 seasoj if necessary. The Coyotes have lost more than $300 million since moving to the Phoenix market in 1996from Manitoba.
The team’s bankruptcy and possiblew sale and move to Canadaq have pretty much dried up ticket salesand renewals, NHL attorneys have acknowledgeed in Bankruptcy Court. Sports teamx in general, including the Arizona Diamondbacks andPhoenixs Suns, are facing bearishh ticket sales as consumers and businesses curtailp spending during the Baum’s recent ruling improved the chances of the Coyotews staying in Glendale. The 2009-10 NHL preseasomn starts in September, and the regular seasonn beginsin October. Bankruptcy Court filinge show the team averaged fewerthan 11,0009 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 The season-ticket open house will be 6 to 9 p.
m. June 25 at the
Tuesday, February 8, 2011
Amazon Kindle Firmware 3.1 Update: Hands On - PC Magazine
ethelbertdiya3334.blogspot.com
The Tech Herald | Amazon Kindle Firmware 3.1 Update: Hands On PC Magazine The update includes a number of new features: real page numbers, notes that can be publicly shared, a new view for periodicals, more social-networking ... Kindle adds real page numbers, public notes to new release Amazon Adds Real Page Numbers to Kindle Kindle adds support for page numbers |
Saturday, February 5, 2011
N.Y. attorney general ends BofA probe - Tampa Bay Business Journal:
hustbelogehy1857.blogspot.com
Cuomo said the banks have and will continue to provide liquidityto investors. In agreed to buy back as muchas $4.7 billionm in auction-rate securities it sold to about 5,50 investors, small businesses and small charities before the marke collapsed in February 2008. According to the , the settlemenr also required BofAto “use its best to provide up to $5 billion in liquidityu to businesses and institutional investors with accounts value d at $15 million or more, and charitiee with accounts valued at $25 milliohn or more. The agreement resolved allegations that securitiew dealers made misrepresentations about the safety and liquidityof auction-ratd securities to customers during sales.
Auction-rate securities have interest rates that are resef at weekly or monthly auctionws run by investment The $330 billion market collapsed last year, when investors becamwe alarmed at the prospects of the ability of corporatr borrowers covering debt service on the securities. Many were left with securities they could not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlementy with BofA overthe securities. The bank has $15.25 billion in depositsw with 158 offices inTampa Bay, and its 20 percentg market share ranks No. 1 in the according to the latestFDIC numbers.
Cuomo said the banks have and will continue to provide liquidityto investors. In agreed to buy back as muchas $4.7 billionm in auction-rate securities it sold to about 5,50 investors, small businesses and small charities before the marke collapsed in February 2008. According to the , the settlemenr also required BofAto “use its best to provide up to $5 billion in liquidityu to businesses and institutional investors with accounts value d at $15 million or more, and charitiee with accounts valued at $25 milliohn or more. The agreement resolved allegations that securitiew dealers made misrepresentations about the safety and liquidityof auction-ratd securities to customers during sales.
Auction-rate securities have interest rates that are resef at weekly or monthly auctionws run by investment The $330 billion market collapsed last year, when investors becamwe alarmed at the prospects of the ability of corporatr borrowers covering debt service on the securities. Many were left with securities they could not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlementy with BofA overthe securities. The bank has $15.25 billion in depositsw with 158 offices inTampa Bay, and its 20 percentg market share ranks No. 1 in the according to the latestFDIC numbers.
Thursday, February 3, 2011
CSU researchers get $2.7M to study cells and share their work with kids - Tampa Bay Business Journal:
http://kaiser-gaia.com/servicios/consultor%C3%ADaonline.html
million grant by the to help trainm graduate studentsin cell-researcyh techniques and to share their scientific knowledge with loca school teachers, CSU said Monday. The graduate studentzs at the Fort Collinwscampus “will test new theories about how cellzs behave using advanced engineerin g methods in microelectronics and CSU said in a That NSF-funded work will be led by CSU engineeringh professor Tom Chen, the grant’s principal joined by Stuart Tobet, a biomedica l sciences professor in the College of Veterinary Medicine and Biomedical Sciences, and Michael De an engineering education professo r in the College of Applied Huma n Sciences.
De Miranda will also work with the graduatr students on sharing theire researchwith K-12 teachers in the Poudre, Thompsonb Valley, Greeley and Weld RE-9 school districtse in northeastern Colorado. A goal of the grant is to help build enthusiasm among primaryg and secondary students for careersin technology, engineering and mathematics — the disciplines” — at a time when fewer yount people are entering into such CSU officials said.
million grant by the to help trainm graduate studentsin cell-researcyh techniques and to share their scientific knowledge with loca school teachers, CSU said Monday. The graduate studentzs at the Fort Collinwscampus “will test new theories about how cellzs behave using advanced engineerin g methods in microelectronics and CSU said in a That NSF-funded work will be led by CSU engineeringh professor Tom Chen, the grant’s principal joined by Stuart Tobet, a biomedica l sciences professor in the College of Veterinary Medicine and Biomedical Sciences, and Michael De an engineering education professo r in the College of Applied Huma n Sciences.
De Miranda will also work with the graduatr students on sharing theire researchwith K-12 teachers in the Poudre, Thompsonb Valley, Greeley and Weld RE-9 school districtse in northeastern Colorado. A goal of the grant is to help build enthusiasm among primaryg and secondary students for careersin technology, engineering and mathematics — the disciplines” — at a time when fewer yount people are entering into such CSU officials said.
Subscribe to:
Posts (Atom)