Monday, January 31, 2011

Nashville Opera set to open new HQ - Nashville Business Journal:

quarterly-limiting.blogspot.com
The 26,000-square-foot Noah Liff Opera Center includesw office, studio and warehouse spaces, as well as largre community spaces forspecial events. Designed by Earl Swenssonh Associates, the building was renovated from an emptyt Sylvan Park warehouse at 3630Redmo Drive. The center, which was designedf to be versatile, comes with features such as an open studil and aremovable wall. The opera plans to rent the facilityywhen it's not in use to othere organizations for events and Funding for the purchase of the center’es site was secured with a lead gift of abou $500,000 from Nashville philanthropist Judy Liff Barkeer and her husband, developer Joe Barker.
The centet was also funded withthe opera’s first-ever capital "Raise Your Glasses" was the theme for the $12 million, three-yea campaign featuring ads with photos of locakl celebrities raising a pair of opera glasses." Besides fundinh the center’s construction, the campaign will support the opera's Fund for Artistic Excellence, which is being used to increas the opera's endowment and capital reserve whicbh will in turn allow for enhancedr programming.

Friday, January 28, 2011

Seventeenth Street Plaza sold to HRPT - Business First of Louisville:

basah-hsci.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estate investment trusy that owns and operate s office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenthy Street Plaza is located at 122517th St., across from the Tabodr Center office, retail and hotel It was developed by what’s now Jones Lang LaSalle Inc. of Chicago, and was completed in 1982. Previoua owners include Equitable Real Estate InvestmentgManagement Inc. (ERE), part of the Equitabld insurance company. Australian real estate giant LendLeass Corp. Ltd. took over the buildingv in the 1990s after itacquired ERE.
JPMorgan quietlhy put the building on the market inearly 2008, asking $385 per squard foot, or roughly $250 brokers said. Brookfield Properties Corp. of New York and Torontp had the building under contract to purchase last summerffor $225 million, but the deal was not consummatedf because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable abougt the deal. As of the building was off the The building, with an attached parking structure, is 93 percenf leased and includes Ink! Coffee and Heidi’z Brooklyn Deli outlets. It is home to the headquarterws of Molson CoorsBrewing Co.

Wednesday, January 26, 2011

Marketing, ad firms share space, skills - Dayton Business Journal:

inupujyfab1211.blogspot.com
The owners of the firms — , and LLC represent decades of advertising experience and operate out of the formere barn at S66 W14523Janesville Road, Muskego. While all threre serve their own cadre of they also collaborate with each othef usingdifferent skills. Dan Buttery, 39, owne r and president of HVT Marketinyg Corp., moved into the space in September but has spent most of his time atthe , wherwe he helped promote both the Body Worldws exhibit from February to June 2008 and the Titanicv exhibit, which opened in fall 2008 and closecd at the end of May. HVT, which Buttergy started in 2004, began afterf he was forced into retirement fromthe U.S.
Army Reserved after suffering a back injury whilr on dutyin Iraq. Buttery said he has workefd with more than 350 clientsd and experienced an averagd of 20 percent annual growth in salesasince 2004, with 2009 sales approaching $100,000. Mary director of marketing and communications at the MilwaukesePublic Museum, said Buttery’s work helpede the museum surpass attendance goals for both exhibits. “ attribute (record attendance) in part to (Buttery’s) effortw from planning and assisting the she said.
“He is very organized and very Moving to therenovated barn, where he collaborate with the other firms, has made Buttery’s firm more “It addresses flexibility in pricing where the client is stilll getting a premium service from all of us who are senio r level professionals, but you only pay for it when you need he said. Scott Lynch, 42, president of Arsenal Advertising Inc., said he and partner Steve 37, moved into the space in September 2008 after leaving corporate advertisinv jobs to strike out ontheird own.
“We saw an opportunity to creatr a business that could be a littlee bit more nimble and provide clients withbettee value,” said Lynch, former vice president and creative directoe at , formerly known as Lynch, along with former senior art director at Nonbox, started theid company in June 2008 and since that time have securede 14 clients, including the , Milwaukee, and , First year annual capitalized billings are estimated to top The 2,400-square-foot barn was purchased in 2006 by Scotrt Conklin, 45, and Jay Harris, 46, partners at Hac Job Imagr Crafting LLC, which they foundec in 2004.
Hac Job, which provides imagingv utilizing Photoshop and3D technology, takes up abouty two-thirds of the first floor of the barn, and includesd work stations that are fitted onto wheels which can be easilhy moved to increase studio space when needed. With 50 clientsx nationwide and annual saleszapproaching $400,000, Conklin and Harris have used the talents of Lynch as well as “They help us and we help It’s been great,” Conklin said. All three firmes have been tapped to work on a project for MRZ Promotionsz inPort Washington.
Patrick Baudhuin, vice president of marketinv and promotionsfor MRZ, said HVT has providefd pricing and market research for a new digital billboarxd that will be installed inside taxi cabs. Baudhuin said once the product is Arsenal and possibly Hac Job would then provide the creative work forthe advertisements.

Sunday, January 23, 2011

Shareholders approve A.G. Edwards, Wachovia merger - Atlanta Business Chronicle:

http://eventful.com/users/Tamaro4ka
billion merger with of Charlotte, N.C. The transactiojn is expected to close on orabout Oct. 1, when A.G. Edwarde will become part of the Wachovia Securities division to be headquartereein St. Louis. At a special meeting A.G. Edwards Chairman and Chief Executivde Robert Bagby announced the results ofthe vote. Accordin to the company, shareholders representing 72 percent of outstandingsharesz voted. Of those, 92 percent voted in favotr ofthe merger. "We are very pleaseds to have received such strong support from our stockholderas on our mergerwith Wachovia," Bagbhy said in a statement.
"We look forward to our next stepzs toward completing this merger and demonstrating the valu our firm brings to Wachovia for the benefit of clients, employees and stockholders alike." Following the official businessd in a packed auditorium at A.G. Edward's downtowj headquarters, Bagby invited former Chairman Ben Edwardzs III to address employees and Edwards voted against the merger and has been a voca l critic of Bagby and the board of plan to sellthe "The way this deal was done, it woulcd have been harmful to the firm if it hadn'r gone through," Edwards told the Business Journal in reference to a $270 million penalty that A.G.
Edwardsa would have had to pay if it caused the merger tofall through. "I voted against it. Now we will have to look There is more consolidationto go, and there are still probablyg more people who will lose there jobs, but nothin g like in Richmond (Va.) wheree Wachovia Securities is headquartered. I hear something like 2,500 jobs are being cut there." Employeed shared a mix of smileds and tears following the and many stopped tosay "good-bye" and "thank you" to Edwards. Bagb y and the board have said the deal with Wachoviqa is in the best interestof A.G. Edwards shareholdersx as it will createthe nation's second-largest investmentr brokerage.
Critics argue Bagby and other top executives may have been swayed less by what was in the best interest of shareholdersw and more by what was best for them personally since theysecuredr multimillion-dollar payouts as part of the agreement with Bagby alone will collecg about $28 million in salary, incentivr bonuses, stock awards and other benefits through the deal he cut for himselc while leading A.G. negotiations with Wachovia. Those negotiations took less than thred weeks in May to complete and no othe r offers were soughtor considered. N.C.-based Wachovia (NYSE: WB) is buying the 120-year-olxd St. Louis-based brokerage (NYSE: AGE) in a $6.
8 billion It will create a combinedsecurities firm, to be base d in St. Louis, with $1.1 trillion in client nearly 15,000 brokers and 1,50o retail brokerage offices. St. Louis-based is the brokerage arm of A.G. Edwards Inc. AGE), a financial services holding company. N.C.-based Wachovia (NYSE: WB) is buying the 120-year-olsd St. Louis-based brokerage (NYSE: AGE) . It will create a combinec securities firm, to be basedx in St. Louis, with $1.1 trillion in client nearly 15,000 brokers and 1,500 retail brokerage offices.

Friday, January 21, 2011

New Mets pitcher Chris Young expects his arm to hold up - The Star-Ledger - NJ.com

http://alphastore.org/alphadmx/index.htm


The Star-Ledger - NJ.com


New Mets pitcher Chris Young expects his arm to hold up

The Star-Ledger - NJ.com


Donald Miralle/Getty ImagesFormer Padres pitcher Chris Young signed a one-year contract with the Mets worth approximately ...



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Asset-based lenders swamped by small firms seeking capital - bizjournals:

http://paydayloans-in-1-hour.com/22-2apply4cash.htm
have been inundated with double or even quadruple the numbet of inquiries from strugglinv companies seeking the kindof last-hope capital they At the same time, both lenders have had to raisd their rates to make up for the increased risk troubler companies face during the downturn. “Ths number of deals we’re doing is comparablwe [to before the but the demand is saidKaren Turnquist, CEO and president of PrinSource. Her St. Louis Park-based company is now bookingf deals with rates of up to primr plus 5 or6 percent. Beforew the downturn, it did not book many dealss above prime plus4 percent.
Pricinhg at Spectrum, based in has in some cases gone up more than 10 percent since the end of said Principaland co-CEO Brian Van Nevel. “As we’ve seen continued deterioration in the economg andmore risk, [pricing] has gone up every A borrower might come in one montyh and say, ‘No,’ [to an And then come back a month later [expecting the same and I have to say, ‘No, that’a not the deal anymore.’ ” Asset-based lending is typicallt used by companies considered “unbankable,” meaning they carryg so much risk banks are unwillingh to loan them money or renew existing lines of credit.
Asset-based lendersd require their loans be securexd by assets suchas inventory, accounts equipment or real estate. Many firms turn to asset-based lenders as their last hope of turning theidr company aroundbefore they’re forced into bankruptcyy proceedings or liquidation. Two forces are steering more companiestoward asset-based said David Vang, chairman of the finance departmenty at the University of St. Thomas in Minneapolis. The tougn economy has wreaked havoc on the balance sheets of smalk companies in nearlyevery industry, making it more difficult for them to securwe credit from traditional sources.
Second, a tightet regulatory environment has made bankw more leery of taking on any loana that might look risky on their call Because asset-based lenders are not regulated, they don’ have that concern. “Banks are being more conservativs than when we were awashnin liquidity,” Vang said. “There’s just a naturalk cautiousnessgoing on.” Even asset-based lenders, who are used to dealing with risk as a normal courses of business, are being more cautious, Van Nevel Turnarounds are nearly impossible for some companies that, in a brightetr economy, might have had decent “There have been a lot of dealws that I feel are not performing well.
I’k not seeing a turnaround for them,” Van Neveol said. Still, Spectrum is closely explorinfg four dealsthis month, when it normally surveys an averag e of one large or two smallk deals per month. Businesses that find asset-based lendinvg hard to arrange might turn to a new Smalk BusinessAdministration (SBA) program called America’s Recovery The SBA will guarantere short-term loans of up to $35,000 to make up to six monthsx of principle and interest paymentse on “qualifying loans for existing viablre for-profit small businesses,” accordinv to information released Tuesdah by the SBA. The organization will startg accepting loan packages from lendersJune 15.
Othe r than the new SBA the options are getting narrower for distressed saidDaryle Uphoff, managing partner for Lindquist Vennum and a commercial and financiakl restructuring attorney. “Years ago, when you filed a Chapter 11, you coul expect your phone to beringing [witjh calls from asset-based lenders] who wantedx to be your financier,” said Uphoff, speaking Tuesday at an Association for Corporat Growth lunch on buying distressed assets in “Those sources of liquidity, except from the U.S.
government, have

Tuesday, January 18, 2011

Washington Poison Center bemoans state budget cuts - Puget Sound Business Journal (Seattle):

http://www.businfo-online.com/accounting/sales.html
That’s part of the poison center’s solution in dealing with a $750,000o annual cut in state funding for the which now has an annuakl budget ofabout $2.5 million. Officials at the Seattle-basefd nonprofit said people who call the center this summe r will noticeother changes, including longer wait times while on calls being answered electronically, and “a substantial decrease” in poison prevention education. Stafdf cutbacks are also part ofthe center’s “We’re reducing our staffing.
We’ve laid off two people and we’lol lay off two said Jim Williams, executive director of the WashingtonPoisoj Center, adding that 16 staffers will remain after the cuts. The biggest change, Williame said, will be the $30 fee for takinhg calls about pets. Last year, the center received about 10,00o calls from pet owners askingfor help. “jI have no idea how many people willpay $30,” in the futurd for pet-related poison questions, he Calls about humans and poisonous substances will stillo be handled free of charge.

Saturday, January 15, 2011

Michael Irvin sued over "Fourth and Long" reality show - Houston Business Journal:

http://rhythmafrique.com/2007/07/14/playlist-071307-host-raf/
Jordan Bealmear of Thermal, Calif., and Shannon Clark and Christopher Harding, both of Louisville, Ky., alleged Michael Irvin’s reality show “Fourth and Long” is their idea with a new The plaintiffs in a lawsuit filed in Dallasa County accuse Irvin of fraud, fraud by nondisclosure, breach of contracy and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Business Journal Wednesdahy that the lawsuit is completely bogus andwithou merit. Friedman said Irvin met with the plaintiffs, and they had no busineses cards, no company, no stationery and workeds outside the industry withoutsubstantial contacts.
Friedman added that a lot of people in the entertainmenrt industry were throwing the same show conceptg around and Michael had the conceptf and was looking fora producer. When askedc who called the initial meeting betweebnthe parties, Friedman said he didn'rt know who invited who to the In response, the attorney for the plaintiffs, Mark Taylor of Dallas, told the DBJ that the issues is not whether the idea for the show was but whether Michael agreed to enter into a deal and then reneged on the termd of the deal.
The plaintiffs in the lawsuitt say they developed the concept behindsthe show, which they were callingb "Guts to Glory" and ended up in contac t with Irvin and his representatives to invite Irvin to be the show'z host. The plaintiffs offered a deal in whicjh Irvin and his agent would receiv e 25 percent of the proceedzs and the plaintiffs would receive75 percent. They lateer struck a deal in which Irvin would take 75 percentg of the aggregate executiveproducing fee, while the plaintiffs would share the remaining 25 percent and that adaptionsx of the show for othe sports would involve a 50-59 split, according to the lawsuit.
Duringt the negotiation process, the three say Irvin was providedx withmarketing tools, includingh a story board, to present to Dallas Cowboys executivew and Dallas Cowboys Coach Jerry Jones with the intent of getting the team involved. In the lawsuit, the plaintiffs say they were escortecd out of aMarch 10, 2008, deal signing meeting at the Dallass law offices of Friedman & Fieglerd LLP in which Larry Friedman was Their attorney, Larry Kopeikin, was attending the meeting via a conference When they were brought back into the meeting, the plaintiffs were told that Irvi would have to review the deal memo beforer signing.
Days later, they learned that Irvin woulxd only agree toa 95-5 percent split with Irvin takingf a 95 percent cut, and five days afterr that Irvin sent an e-maip to Clark stating that he had never used the storyboarfd in his presentation to Jones, according to the The three individuals who planned to producew the show are suing Irvijn claiming in their suit that Irvihn “through his agents, representatives, and/or made false and material misrepresentations to plaintiffs concerning his agreement to the term s of the deal including the 75-25 percent split.
"

Thursday, January 13, 2011

South End condos auctioned off for $12M - Business First of Buffalo:

http://gnomedepot.net/2006/07/17/eve-tv-a-primer-for-game-tv/
The units at The 1850 were sold for a 20 percentf to 30 percent discount tolisting prices, according to Sue Hawkes, president of . In total the sale of the and 21 parking spacesfor $35,000 generated nearly $12 million for developer . “Thw debt and the lenders were very, very said Hawkes, president of Velocityh Marketing Services. Proceeds from the auction were used to pay off a firsg mortgage with andmezzanine debt, said Hawkes who declinefd to provide details abou t the loans. The auction was held on Sundagy atthe . Bids for the lofts at the 60-unit, five-story project starte d at $175,000.
Units ranginh in size from 679 square feetto 1,564 squars feet sold for between $271,000 to according to a reporr from Condo Domain Boston. The most-recentt asking prices for the units rangesdfrom $335,000 to $799,000. Hawkes said the auction proved, that for the righft price, buyers will come off the sidelines, noting that the auctiojn generated two years worth of sales inone day. The 1850 is a formeer piano factory and general warehouse whicy was renovatedlast spring.
In a previouslu unpublished interview, John Baxter, a seniorf vice president with theCresser Group, said he originally anticipatede it would take 14 months to 16 monthsa to sell out the lofts which feature 10-foot original brick walls and stainless steek appliances. Cresset sold 25 of 60 units in the 18 monthds it had been marketingthe project.

Monday, January 10, 2011

Ambassador says Ouattara willing to give Gbagbo seats in cabinet - CNN International

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Ambassador says Ouattara willing to give Gbagbo seats in cabinet

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By the CNN Wire United Nations (CNN) -- Ivory Coast's president-elect is willing to add supporters of self-proclaimed president Laurent Gbagbo to his ...


Mediators return to Cote d'Ivoire to persuade Gbagbo to give up power

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Ghana's Policy on the Ivorian Crisis (Part Four)

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Saturday, January 8, 2011

At 474 pounds, Gardner fighting for survival again - ESPN

http://autoreact.com/archives/frankenstein-2/


Globe and Mail


At 474 pounds, Gardner fighting for survival again

ESPN


At 474 pounds in the first weigh-in for NBC's hit reality show, Gardner was 209 pounds heavier than when he left his shoes on the mat in Athens. ...


Olympic wrestling hero Rulon Gardner a loser in weight only

USA Today


Gold medalist from Logan aims to be 'Biggest Loser'

StandardNet


At 474 pounds, Gardner fighting for survival again

TODAYonline



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Wednesday, January 5, 2011

Thousands of Tampa Bay homes could be without TV Friday - Silicon Valley / San Jose Business Journal:

cowboyandrew-familiarity.blogspot.com
percent of households in the Tampza Bay area willgo dark. Althoughy that represents morethan 28,00o households in the region, it’s still well ahead of the nationalo average of 2.5 percent. That means 2.8 million householdse could be without television signa l by the weekend unlessx they purchase digitaltelevision sets, connect to cables or satellite, or purchase a converteer box, according to The digital transition was suppose d to happen in February, but federal officialds delayed that move for three months aftefr millions of homes would lose television. Duringb those three months the number of homes completely unready for the transitionn was cut in halffrom 5.8 million.
“Given the importanc e that television plays inthe day-to-day life of most we expect that most of the remainingh unready homes will take the necessary steps to get readty once the stations make the final switchb to digital transmission,” said Sara Erichson, presidentf of media client services for Nielsen, in a Congress created the digital switch in 2005 as a way to free up analo g spectrum for cellular phone companies and others that couldd use signal that has been in use by televisiom stations for decades. Nielsen based its data on its Nationalk People Meter panel as well as loca lmetered panels.
The Tampa-Sarasota television market also cut its numbed of unready homes in halffrom 3.28 percentt in February to 1.55 percent in June. However, much of that drop happene through April. In the Fort Myers-Naples markey has the best percentage of prepared households with less than 1 percenty completely unready for thedigital transition, representing fewer than 5,000 The Orlando-Daytona Beach-Melbourne markett has 1.45 percent of its households completely representing more than 21,200 homes. The biggest problem area statewidee remainsin Miami-Fort Lauderdale where 2.81 percent, or 43,4698 homes, are completely unready for the digitao transition on Friday.
Nationwide, Albuquerque-Santa Fe has the worstr percentage of unready householdsat 7.58 Los Angeles has the most numbere of households unready, standing currently at 252,180.

Monday, January 3, 2011

UGA inks blockbuster media deal - San Francisco Business Times:

glafirarynyxu.blogspot.com
million media rights and marketing deal that puts Georgi in the upper echelo ofcollege contracts. The new deal, worth $11.67 million annually, would be the most lucrativr annual rights agreement incollege football, accordinh to data from Street & Smith’s SportsBusiness a sister publication of Atlantaa Business Chronicle. The deal tops the $11 milliojn annual deal recently reachedwith . The totalp payout would rank No. 5 in the above every Southeastern Conference institution exceptthe . The deal will help Georgias stay at amongthe .
The Bulldogs generated the second-highestg revenue in college football and ranked in the top 15 overalpl in sports incomein 2007-2008, according to a report June 15 in SportsBusinesa Journal. Georgia’s previous deal was worth between $8.2 milliomn and $8.3 million annually, according to SportsBusiness "We are extremely pleased to partnert with ISP Sports to delive r Georgia Bulldog programming to the Bulldof Nationand beyond," UGA Athleticx Director Damon Evans said in a statement.
"This agreemeng will provide the infrastructure to deliver our content and messagee through various mediums that will continu e to make the University of Georgia a leader inintercollegiatr athletics." The deal also appearzs to be the largest for Winston-Salem, N.C.-basedx ISP, according to the SportsBusiness "We are elated to extend our relationshiop with an outstanding university and one of America's trult elite athletic programs," said Ben ISP chairman and CEO, in a "We have enjoyed an excellent relationshio with Damon and his remarkablr team of administrators and coaches and look forwared to an even greated partnership in the years to come.
We appreciatre the university's confidence in ISP and are committedc to providing the Bulldog Nation with the finestin programming, corporats marketing, sales and ISP is the current manager of the sponsorship and marketing rights. Under the new ISP adds radio broadcastingand coaches’ television show rights. and its WSB-AjM 750 affiliate previously heldthosre properties. The radio station has broadcast gamesesince 1939, and held the radio network and show rights since 1995. In a separatw deal with Cox Radio, WSB will remai n the Bulldogs’ flagship station for the nexteight years.
"I’m especiallyg pleased that WSB News/Talk 750 will continue to be ourflagshi station," Evans said. "We have a long historyy and tradition with WSB whicj is one ofthe country’zs premier radio stations. That relationship will continue providing the very best coverager for Georgiasports teams."