Wednesday, November 24, 2010

Southwest CEO sees no improvement in June - New Mexico Business Weekly:

martaemimbzini.blogspot.com
Kelly told guests attending the 2009 Globak Transportation Conference that base d ontrends he’s seeing in June, he does not expect things to improvwe this month. However, Kelly added that Southwesyt is in a strong financial position with a solidcbalance sheet, very modest debt maturities and acceszs to the credit markets. “Clearly the realitty is it’s a very difficulft time,” Kelly said, “Earning are going to be very stresser until theeconomy changes.” Kelly said the airline remainds committed to maintaining strong levels of liquiditgy and preserving cash.
The company has been pursuing revenudeboosting initiatives, including fees for children that fly alones requiring crew care and a new program that lets pets that fit underr the seats fly for an additional charge. Kellt said thus far the company has remained committee to allowing customers access withoutr having to paybaggage fees. Southwest serves customers in central New Mexicp from the AlbuquerqueInternational Sunport.

Monday, November 22, 2010

Have Fondant, Will Travel: Ace of Cakes Canceled - LA Weekly (blog)

http://www.youtube-armenian.com/software-engineers-professionals-on-your-side/


Straits Times


Have Fondant, Will Travel: Ace of Cakes Canceled

LA Weekly (blog)


22 2010 @ 11:30AM The Food Network announced that Ace of Cakes, the reality show that followed Duff Goldman and the staff of his Baltimore bakery, ...


Canceled cake

MPNnow.com (blog)


'Ace of Cakes' Canceled After 10 Seasons

TV Squad


Party City Announces Partnership With Charm City Cakes Founder, Duff Goldman

PR Newswire (press release)


Bizjournals.com -TheStreet.com -OverTheLimit.info


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Sunday, November 21, 2010

Baptist Hospital East set to open $130 million tower - Business First of Louisville:

http://adm-fenetres.com/menuiseries2.php
The structure features 144 private, inpatient rooms and eightt newsurgery suites. The project cost an estimates $130 million, including equipmen and furnishings. It was funded throughn government-sponsored bonds, private donationse and a $1 million pledge from the Baptist HospitaEast Auxiliary. The first floor includes Park Towert Cafe, which will sell gourmet coffee drinks andother sandwiches, wraps, salads and sushi. Lab spacse also will be located on the first An outpatient-surgery center will be locatee on the second floor and a cancer-care center will be locateds on the third floor of the The fourth floor will offer palliative care and overflow space for the cancer care center.
Neurosciencse and women's health services will be offerex on floors fiveand six, respectively, and the top two floors will be occupiee by orthopedics. Waiting rooms on each floor includ a small kitchen area with a refrigeratodrand microwave. Two rooms on each flootr are specially equipped for bariatric There also isa ground-floor healing garden and an outdoor garden area on the seconed floor. The surgery center will open in mid-August and patient rooms on upper floors will be opened in phases, beginning in late August.

Friday, November 19, 2010

Capitol Square takes stake in Grandview Yard - Business First of Columbus:

http://blog4realestate.com/bonsai-gardening-for-beginners/
said Capitol Square Ltd., the real estate investment arm ofthe , will take a 20 percenr stake in Grandview Yard, the $600 million-plus commercial and residential comple x slated for more than 80 acres between Goodale Boulevard and West Third Avenue. Capitol Squarer also plans to increase its stake in the Arenq District from 10 percent to20 percent. About $750 millionm has been invested in the area surroundin g Nationwide Arena during the last 10 Financial terms of the deal werenot “We are thrilled to be expandingt this highly successful partnership,” Nationwide Realty Presidenyt Brian Ellis said in a news “Capitol Square has been a greaft partner in the Arena Districtr and we look forward to carrying that strongt relationship to Grandview Yard.
” Capitol Squar President Olin Jones cited the strengt of Nationwide Realty’s “vision and track record” in real estatwe development for its growing financial partnershipl with the subsidiary. “To us, this is more than just an Jones said in thenews release. “It’ an expanded partnership with our community.” Developetr first brought the Grandview Yard project to Nationwidr Realty more than threeyears ago, but Equityu sold off its minority stake in the projecty back to Nationwide Realty this year. In Grandview the new investment partnership plans up to 2 millioh square feet of retail and office and more than 600 condos and apartments.
But the project has slowesd in the last six monthwor so. Grandview Heights officials have expected plans for an initiakoffice building, hotel and fitness cente to come for several months even as the developetr promises to file a comprehensive developmen plan. A major stickinyg point has been fruitless efforts by the city of Grandvieaw Heights to come to termson cost-sharing for severalo street and railroad bridge projectss located in Columbus to improve access to the Grandview Yard

Wednesday, November 17, 2010

Landlords file objections in Eddie Bauer bankruptcy - Washington Business Journal:

http://www.directgenomics.com/article/Prometheans-Global-Distribution-Doubled-In-Three-Years.html
Eddie Bauer Holdings Inc. EBHI) wants a judge in U.S. bankruptcy court in Delawarre to set a bid deadline of July 14 and a July 16 date to auctionb offthe retailer’s assets. But , headquartereed in Santa Monica, and three other landlords want more time to evaluate anyproposeds deal. “The landlords did not create financial maladies, and should not bear the consequences of this bankruptcy through loss of theircontractual rights,” Macerich and the other landlords said in a cour t filing Thursday. Eddie Bauer filed for Chaptedr 11 bankruptcy protectionJune 17.
The New York privatw equity firm has made an offer to buyEddiw Bauer’s assets for $202 million, subjecr to an auction and bankruptcy court approval. CCMP has said it has agreedx to keep most ofEddie Bauer’s 371 stores if it were the winninvg bidder. But the company said it woulsd close an undisclosed number ofunderperforming stores. The Macerich Co. leases space to Eddie Bauer at Redmond Town Centerin Wash., and Portland’s Washington Square. Also objecting in the bankruptcy case are Eddie Bauer landlords SouthgateMall Associates, The Forbe s Co.
and Collectively the four companiez lease space to 20 Eddie Bauer stores in14

Tuesday, November 16, 2010

The everyday person's guide to Windows Phone 7 - NEWS.com.au

houghtalingbaemo1268.blogspot.com


ZDNet UK


The everyday person's guide to Windows Phone 7

NEWS.com.au


It's the sort of thing nerds will turn their noses up at, but everyday people will enjoy. There are problems with that as well, though. ...


Experience Life at Your Fingertips with the New Windows Phone 7 from LG Mobile ...

PR Newswire (press release)



 »

Wednesday, November 10, 2010

Carolinas HealthCare reduces 1Q loss - Charlotte Business Journal:

http://swansboro-hotels.com/fr/6288-Hotel-Best-Western-Silver-Creek-Inn/
Investment losses for the lates t quarter totalednearly $101 Chief Financial Officer Greg Gombar anticipates gainds in the financial market in April and May will eraser those losses. Carolinas HealthCare uses investment earnings for capital That money is not used fordaily operations. The health-carw system hopes negotiations with several lenderw will cut its interest expenses tied to variablr debt andhigher bank-liquidity fees. Those fees are about $1 million per Interest expenses in the first quartedwere $21.8 million. From an operational standpoint, Carolinas HealthCare had a strontgfirst quarter, says Russ Guerin, executive vice president for businesds development and planning.
Net operating revenue climbefd 8.6 percent to $1.2 billion systemwide. Operatingy income exceeded $24.5 million. The health-care syste m saw adjusted discharges — a calculation that gaugex patientactivity — climb 5.2 percent from a year Growth within the health-care systen and expense management “is the primar y driver why we’re above budgeg significantly,” Guerin says.
Carolinas HealthCarr spent morethan $106 millioh on capital projects in the first Projects include new operating rooms at CMC-NorthEast and Carolinas Medical Center, an expansion of CMC-Pineville, a new hospital at CMC-Lincoln and construction of health-care pavilions in Steels Creek and Waxhaw, which will include free-standingy emergency departments. Challenges in the coming months include managingthe system’s growing bad-debt and charity-care reducing interest expenses and preparing for a possible statd cut in Medicaid funding, Gombar says. Bad-debt costs were 12 percentg over budget during the first topping $48 million in the first quarter.
During the same periodd last year, bad debt was about $43 The health-care system speny more than $770 million in community care in 2008, includinyg bad debt, charity care and subsidizing Medicareand Medicaid. That equalsz 18.8 percent of the health-cars system’s net operating revenue. ”It’sd a trend everybody’s seeingh across the country,” Gombar says. “Wed can’t control how many people are uninsured, how many peoplr show up at our doorwithouyt insurance.” North Carolina’s budget woes coulr results in a cut of up to 15 percen t for Medicaid. That could equate to $36 million in annuao losses forCarolinas HealthCare.
“Medicaid cuts are the wors economic benefit cut the statecan make,” Gombard says. “It’s painful.” Says Guerin: “It raises prices for thos e whodo pay. It makes no good businesz sense todo that.” Gombard says every dollar cut from Medicaid eliminatee $4 from the economy. Carolinas HealthCare is the largest health-care system in the Carolinas and the third-larges public system in the nation. The system owns, leasea or manages 25 hospitals. It has more than 40,000 full and part-time employees.

Tuesday, November 9, 2010

Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Business Courier of Cincinnati:

inupujyfab1211.blogspot.com
“When the retail division of the project lost access to fundinbthrough Lehman, it was unable to repaty the resort for its sharde of costs,” said Scott Baena, of Bilzin Sumberg Baen Price Axelrod, who represents Fontainebleau Las Vegas LLC in the “That put enormous stresx on the resort and that was the beginning of the Fontainebleau Las Vegas LLC and two of its affiliatese filed bankruptcy petitions in Miami late Tuesday.
The Fontainebleau Miamk Beach is not included inthe Soffer, also principal with Turnberry constructiomn and development companies, has partial, personapl guarantees on portions of the retailo component of the Las Vegas but those portions are not in bankruptcyt yet, Baena said. The complex is 70 percenf completed. Since December 2008, Lehman refusesd to make any advances underthe project’s $315 millioh construction loan, according to a motion to maintaihn cash management filed in the bankruptcy. After Lehman’s refusals, money stopped flowing through the retaio entity to theresort entity.
In March, other lenders pulled their financing, and construction on the resor t stoppedin May, Baena said. The company said in a news releaswe that the decision to file Chaptert 11 was the result of litigatiojn with the other lenders on projecf aboutnearly $800 milliom in construction funding for the project. Other lenders include , JPMorgajn Chase Bank and Deutsche BankTrust Co. Americas. In the shorg term, the company is seeking to stabilize and protecg the finished portion of the Baena said. “It’s no longer possiblw to downsizethe building,” he said. “The 30 percent remaininv construction is principallythe interior.
We’ve got a lovelyg building waiting tobe finished.”

Sunday, November 7, 2010

Cantor says Pelosi isn't listening to voters - Politico (blog)

http://www.gsoares.org/article/Choosing-Good-Wines-To-Drink.html


Fox News


Cantor says Pelosi isn't listening to voters

Politico (blog)


says Democrats are aren't listening to voters if they keep Speaker Nancy Pelosi in the House Democratic leadership. "It is almost as if they didn't get the ...


Cantor: Democrats 'Didn't Get the Message' From Voters if Pelosi Stays

Fox News


Rep. Eric Cantor: Nancy Pelosi should not be Democratic leader

USA Today


Cantor: If Pelosi Wins, Dems Don't Get It

National Journal


The Atlantic -The Hill (blog)


 »

Saturday, November 6, 2010

House panel eyes Bernanke

http://www.tropicalrainstormscreensaver.com/Ru/support.htm
The Associated Press reports. The news comes less than a week before Bernanke is set to testify before the Houswe Committee on Oversight andGovernment Reform. Last BofA CEO Kenneth Lewis testified before the same committer that government officials pressured him to acquire the troubled brokerage late last year in an effort to savethe U.S. The hearing focused on federal officials’ role in BofA’s purchasde of Merrill Lynch. Charlotte, N.C.-based BofA (NYSE: BAC) boughft Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additional $20 billion in federalk funds under the Troubled AssetRelied Program.
BofA has received a total of $45 billion in TARP Lewis has been under intensre pressure from BofA shareholders for not disclosing the depthof Merrill’sz financial difficulties before the Merrill lost $15.3 billioj in the fourth quarter. Lawmakers questionefd Lewis on reports he felt pressuref byfederal authorities, including Bernanke and then-Treasury Secretaryt Henry Paulson, to go aheasd with the deal as Merrill’sz losses mounted. Lewis testified that BofA contacter officials atthe U.S. Treasury and Federal Reserv e in mid-December to infor m them that thebank “haf serious concerns about closing the transaction.
” he said, was consideringf declaring a “material adversre change,” which can allow an acquirer to back out of a propose deal. Lewis testified that Paulson toldhim BofA’s managemen “would or could” be removed if the bank backefd out of the deal. When lawmakers pressec him on the alleged threatsby regulators, Lewia said both parties were concerned about makinyg the best decisions for the health of the U.S. economy and BofA. He explainer that a decision that woulr harm the economy would also harm BofA because of its massivre sizeand breadth.
Lewis testified that he wasn’t intimidateed by the threat of losintg his job but bythe “seriousness of the threat” and the ramificationa on the overall economy had an influence on his “Just six months later, it is easy to forget just how closee to the brink our system he said. “I will never forget.”

Thursday, November 4, 2010

BofA under fire from SEIU, consumer groups - Sacramento Business Journal:

http://www.talshavit.com/WordPress/?p=202
The criticism comes from the , whicjh is trying to organize the bank’s work along with the and the . They said that the largest bank in Californiwa pressured workers to meet sales quotas thatburdenerd customers, especially among the workinfg class, with costly and unnecessargy products. “The SEIU’s claims misrepresent Bank of America’s relationship with its customerw andits associates,” responded Anne Pace, a spokeswoman for N.C.-based BofA (NYSE: BAC).
Some of the practicezs being criticized, such as courtinv those at embassies to sign up for checking accounts andother products, has long been seen as savvuy move by major banks to reach out to Another area of criticism by the groups Tuesdayy involved debt collection. One former BofA employee said the bank falselyu threatenedlegal action, in violation of federa law. The former employee also said the bank called neighbors oftroublexd borrowers, asking them to deliver a message to the BofA custometr and hoping to embarrass “We will not comment on specific allegationsa made by former associates, but will say that our practicea are fair,” BofA’s Pace said.
“Thde bank is committed to providing products and services to all of our customeres to help them meet theirfinancial needs.”

Wednesday, November 3, 2010

Gov. Parkinson Names Transition Team - KAKE

vorotintseyqah.blogspot.com


Gov. Parkinson Names Transition Team

KAKE


Governor Mark Parkinson has tapped three key advisors to spearhead the transition with Governor-elect Sam Brownback. Parkinson has asked Lt. Governor Troy ...


Outgoing Kan. gov. appoints transition leaders

NTV


Brownback begins transition to Kan. governor

NTV


GOP victories push Kan. state government to right

NTV



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