karnergetajequ1416.blogspot.com
The company, which filedd for Chapter 11 bankruptcyin December, said the steering committee representing those who hold claims under the company’sd secured credit agreement supports the plan. “The filing of the plan and disclosurr statement is an important achievement in our restructuring saidEric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragecdcapital structure, and the terms of the new debt give us greatert financial flexibility to execute our business plan and invest in new better positioning the company for futur e success.
” A hearing to consider approval of the disclosurde statement has been tentatively scheduled for July 23. The plan includesa the conversion ofapproximately $590 milliojn of the company’s senior secureed credit facility and swap liabilities into the new equit of the reorganized company and a new $300 million senior securede term loan maturing in five Holders of $350 million in senior noteds will get warrants to buy 12.75 percent of the reorganized company’s new equity and subscription rightxs to buy new equity up to $50 million. The companh said it expects to emerge from Chapted 11with $30 million undrawnb revolving credit facility and at least $45 millionn of cash on hand.
Hawaiian Telcom is owned by , a Washington, D.C.-basedd private equity group. Carlyle boughrt the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosures statementare .
Tuesday, November 29, 2011
Sunday, November 27, 2011
California court upholds same-sex marriage ban - San Francisco Business Times:
belyaevostapuki.blogspot.com
In a 6 to 1 vote, the courg upheld the bitterlycontestede measure, but also ruled that same-sesx marriages performed during an interim period last year before the measurw was enforced are valid. The court’s move mean the issue will likely appear again onthe state’s ballot. Meanwhile, other states like Iowa, Maine and Vermont have legalizedx same-sex marriages. New Hampshire, New York and New Jersey have moveeunder consideration.
The state supreme court considered only the constitutionality ofthe measure, which appeared on the Novembeer ballot following a ruling a year ago in May that allowefd same-sex marriages in the Some 18,000 couples were marrieds during the period between May and November. Judges rulexd unanimously to uphold the validity of those The decision, the court said, “carvesd out a limited exception to these constitutionakl rights by reserving the official designation of the term for the union of opposite-sex couples, but leaves undisturbexd all of the other aspects of a same-sex couple’zs constitutional right to establish an officially recognized and protectede family relationship and to the equal protectiojn of the laws.
” Prop. 8 was put on the ballog after aMay 15, 2008 state Supreme Courf decision that struck down California’s ban on same-sed marriage. The proposition was strongly supportesin California’s conservative Central but no county in the Bay Area bar Solano favored it. San Franciscol in particular benefited from a tourism boom as gay and lesbiab couples traveled to the city to be The Friday before Pride Week sawSan Francisco’s gildexd City Hall (not far from the supremew court itself, on McAllister Street) overun by couplea lining up in cafeteria-style queues to get their documentse completed before ceremonies took place all over the building.
Many of them had been marriedc inthe past, some even twice before, and hopec “the third time’s the as one couple said in their vows. But even small locap cities like Alameda had their city hall staff traineds to performsuch ceremonies. In Alameda Mayor Beverly Johnson andthe city’ four councilmembers -- Vice Mayor Lena Tam, Doug Marie Gilmore and Frank Matarres -- were made deputy marriage commissioners by Alameda Countgy The city manager and the mayor’zs assistant, Christina Baines, were also certified at that The encouraged couples to come to the city to be Only a year earlier the bureau startedd its first advertising campaign specifically promoting San Francisck as a gay-friendly tourist destination.
San Francisco Mayor Gavin Newsom encouraged the city to marry gay couples in 2004 in a move that splashefd acrossnational headlines. The states supreme court later struck downthose marriages, pushing supporters of same-sezx marriage to challenge the ban in lower courts. Accordingh to census data (from 2000) Californiw has about 100,000 same-sex couple households, and about 25,000 of them have children.
In a 6 to 1 vote, the courg upheld the bitterlycontestede measure, but also ruled that same-sesx marriages performed during an interim period last year before the measurw was enforced are valid. The court’s move mean the issue will likely appear again onthe state’s ballot. Meanwhile, other states like Iowa, Maine and Vermont have legalizedx same-sex marriages. New Hampshire, New York and New Jersey have moveeunder consideration.
The state supreme court considered only the constitutionality ofthe measure, which appeared on the Novembeer ballot following a ruling a year ago in May that allowefd same-sex marriages in the Some 18,000 couples were marrieds during the period between May and November. Judges rulexd unanimously to uphold the validity of those The decision, the court said, “carvesd out a limited exception to these constitutionakl rights by reserving the official designation of the term for the union of opposite-sex couples, but leaves undisturbexd all of the other aspects of a same-sex couple’zs constitutional right to establish an officially recognized and protectede family relationship and to the equal protectiojn of the laws.
” Prop. 8 was put on the ballog after aMay 15, 2008 state Supreme Courf decision that struck down California’s ban on same-sed marriage. The proposition was strongly supportesin California’s conservative Central but no county in the Bay Area bar Solano favored it. San Franciscol in particular benefited from a tourism boom as gay and lesbiab couples traveled to the city to be The Friday before Pride Week sawSan Francisco’s gildexd City Hall (not far from the supremew court itself, on McAllister Street) overun by couplea lining up in cafeteria-style queues to get their documentse completed before ceremonies took place all over the building.
Many of them had been marriedc inthe past, some even twice before, and hopec “the third time’s the as one couple said in their vows. But even small locap cities like Alameda had their city hall staff traineds to performsuch ceremonies. In Alameda Mayor Beverly Johnson andthe city’ four councilmembers -- Vice Mayor Lena Tam, Doug Marie Gilmore and Frank Matarres -- were made deputy marriage commissioners by Alameda Countgy The city manager and the mayor’zs assistant, Christina Baines, were also certified at that The encouraged couples to come to the city to be Only a year earlier the bureau startedd its first advertising campaign specifically promoting San Francisck as a gay-friendly tourist destination.
San Francisco Mayor Gavin Newsom encouraged the city to marry gay couples in 2004 in a move that splashefd acrossnational headlines. The states supreme court later struck downthose marriages, pushing supporters of same-sezx marriage to challenge the ban in lower courts. Accordingh to census data (from 2000) Californiw has about 100,000 same-sex couple households, and about 25,000 of them have children.
Friday, November 25, 2011
Tip Sheet - Triangle Business Journal:
http://rmh-or.org/combination.htm
noon to 1:30 p.m. at the Council for Entrepreneuriapl Development’s Entrepreneurship Center in Research Triangle The CED is hostingan entrepreneurs-only workshop called “Know-How for Innovation-Based Start-Ups.” $15, CED $25, non-members. For more information, visit www.cednc.org/eow. WAKE TECH SBC SEMINAtR – Jan. 20, 6:45 p.m. to 9 p.m. at ’sa west campus. Wake Tech’s “Small Business is presenting aseminar “Choosing the Proper Legal Form for Your William Harazin, an attorney with , will For more information, call 335-1001. SUSTAINABILITY CONFERENCE Jan. 22, 8 a.m. to 6 p.m. at the Jane S. McKimmonh Center in Raleigh.
The North Carolina Agricultural and Life Sciencesx Research Foundation is having aconferencwe titled: “Stewards of the Future – Research for Global founder Patrick Moore and Bayer CEO Pascaol Housset will keynote the For more information, visit www.ncalsrfconference.com. ICSC EVENTT – Jan. 28, 5:30 p.m. to 8 p.m. at the , 3415 Wake Forestg Road in Raleigh. The is having an evenrt titled: “State of the Retaio Market 2009 – Adaptingh to the Current Trendsin Retail.” For more information or to visit www.icsc.org. Say It Like Obama By Shel Leanne President-elect Barack Obama has wowed millionzs with his ability to communicateebefore audiences.
Believing that such effective speaking techniquess are important for business executives and leaders ofall types, the author offers tools to be used in making a strong first impression, gaining trust and confidencre and driving your points home. Hardcover, 224 pages, , $21.954 Making Things Happen: Mastering Project Management By Scotgt Berkun This is an updated edition of a critically acclaimedeand best-selling book, in which projecy veteran Berkun offers essays on field-tested philosophies for identifying and managing projects. who headed up development of Windowsand MSN, is able to breaki down his lessons in a way that can be understood by technical and non-technical readers alike.
Paperback, 408 O’Reilly Media Inc., $39.99
noon to 1:30 p.m. at the Council for Entrepreneuriapl Development’s Entrepreneurship Center in Research Triangle The CED is hostingan entrepreneurs-only workshop called “Know-How for Innovation-Based Start-Ups.” $15, CED $25, non-members. For more information, visit www.cednc.org/eow. WAKE TECH SBC SEMINAtR – Jan. 20, 6:45 p.m. to 9 p.m. at ’sa west campus. Wake Tech’s “Small Business is presenting aseminar “Choosing the Proper Legal Form for Your William Harazin, an attorney with , will For more information, call 335-1001. SUSTAINABILITY CONFERENCE Jan. 22, 8 a.m. to 6 p.m. at the Jane S. McKimmonh Center in Raleigh.
The North Carolina Agricultural and Life Sciencesx Research Foundation is having aconferencwe titled: “Stewards of the Future – Research for Global founder Patrick Moore and Bayer CEO Pascaol Housset will keynote the For more information, visit www.ncalsrfconference.com. ICSC EVENTT – Jan. 28, 5:30 p.m. to 8 p.m. at the , 3415 Wake Forestg Road in Raleigh. The is having an evenrt titled: “State of the Retaio Market 2009 – Adaptingh to the Current Trendsin Retail.” For more information or to visit www.icsc.org. Say It Like Obama By Shel Leanne President-elect Barack Obama has wowed millionzs with his ability to communicateebefore audiences.
Believing that such effective speaking techniquess are important for business executives and leaders ofall types, the author offers tools to be used in making a strong first impression, gaining trust and confidencre and driving your points home. Hardcover, 224 pages, , $21.954 Making Things Happen: Mastering Project Management By Scotgt Berkun This is an updated edition of a critically acclaimedeand best-selling book, in which projecy veteran Berkun offers essays on field-tested philosophies for identifying and managing projects. who headed up development of Windowsand MSN, is able to breaki down his lessons in a way that can be understood by technical and non-technical readers alike.
Paperback, 408 O’Reilly Media Inc., $39.99
Wednesday, November 23, 2011
Average User Rating: - HipHopDX
iwyqaxewun.wordpress.com
HipHopDX | Average User Rating: HipHopDX A year to the week after Trunk Muzik deservingly got the retail treatment as one of the finest mixtapes in recent memory, the pride of Gasden, Alabama offers his studio debut, Radioactive. Despite the artist's esteemed major label backing and iconic ... |
Monday, November 21, 2011
Arab League considers tougher measures against Syria - Plain Dealer
coeragnheidur3778.blogspot.com
CBC.ca | Arab League considers tougher measures against Syria Plain Dealer The Arab League said it planned to meet Thursday to discuss measures that could include heavy sanctions on Syria and exclusion from the league. The announcement came as reports emerged of an attack on the ruling Baath Party headquarters in central ... G reece FM: No new austerity measures needed...Syria looks at letting Arab ... Turkish PM says world must 'hear screams' from Syria, take measures to stop ... West Intervention in Syria Unlikely |
Saturday, November 19, 2011
Report: GM to sell Saturn to Penske - South Florida Business Journal:
azajir.wordpress.com
The report, which cites an unidentifieed source, said Penske will pay between $100 million and $200 millionn for the brand. The companies are expected to release details of the deal later on Friday. It’s the next step for cash-strappedx GM, which filed for bankruptcyy Monday. In May, the automakee announced it would beclosing 1,10 0 dealerships and 40 percent of its dealer network some 2,600 locations – by the end of next Earlier this week, Troy Pfaff, of in Kan., received a lettefr notifying him his dealership would be amongh those cut.
“It’s a tough deal,” he “But, nothing’s really set in stones because it’s all dependant on the He said even if the court allows GM to clos theselected dealerships, he will remain a GM dealer untiol his contract expires next year. “I’m still in business,” he said. “I’m open until October 2010.”
The report, which cites an unidentifieed source, said Penske will pay between $100 million and $200 millionn for the brand. The companies are expected to release details of the deal later on Friday. It’s the next step for cash-strappedx GM, which filed for bankruptcyy Monday. In May, the automakee announced it would beclosing 1,10 0 dealerships and 40 percent of its dealer network some 2,600 locations – by the end of next Earlier this week, Troy Pfaff, of in Kan., received a lettefr notifying him his dealership would be amongh those cut.
“It’s a tough deal,” he “But, nothing’s really set in stones because it’s all dependant on the He said even if the court allows GM to clos theselected dealerships, he will remain a GM dealer untiol his contract expires next year. “I’m still in business,” he said. “I’m open until October 2010.”
Wednesday, November 16, 2011
Kirk Gibson, Joe Maddon honored - ESPN (blog)
cahijisebi.wordpress.com
Reuters | Kirk Gibson, Joe Maddon honored ESPN (blog) A former MVP as a rough-and-tumble outfielder, he was honored in his first full season as a big league manager. "I certainly had a vision," Gibson said during a conference c » |
Monday, November 14, 2011
Apartment sales big in 2007, but not for conversion - Jacksonville Business Journal:
gardellaorymiid1354.blogspot.com
The Hodges Boulevard community includes 35 acres and soldfor $53.643 million. Six of the 10 largest salesz were apartments. Ponte Vedra Julington Creek, Orange Park and a variety of Jacksonville neighborhoodsa all saw apartments change handswin 2007. And it isn't just sales that are all overthe map. Dan vice chairman at , said new apartmenrt construction has historically been in the Southeas areaof Jacksonville, but this year he's seeing more construction throughout the city and the Steve Lear, a partner at , said apartments remain a strong option for investors from all over the world.
Real estat investment trusts, pension funds and privater investors are among those wholike Jacksonville's track recordd of job growth and stable economy. Lear said some areas of Northeasg Florida will always be attractiveto investors, includingg the Southside, the St. Johnes Town Center area, Gate Parkway and the Beaches. Totally absent from the list for 2007 are apartmentds bought for conversion tocondominiums -- an investmenty that was strong in 2004 and 2005, but has tailedx off since. The country'x credit crunch is having an affecrt onapartment sales, Lear said.
It has takenn some investors who were interested three or four years ago out of the But strong playerswith well-preserved capital are stilpl able to buy. "Witgh increasing population, sustainable job growtb and rent growth, our market continues to be one of the strongesytin Florida," Allen said. "Jacksonville's excellent history of producingy jobs will bode well for an earliedr stabilization ofour market." Allen said the cost of capita has gone up, which has had a negativre impact on pricing, but he expects that will improvre later this year. There are some submarketx that have below average occupancyrightg now, but he also expects that to improve latedr this year.
There was speculation that Florida's recent insurancd problems could discourage investmenin apartments, but Allen said the increas in insurance rates that had an impact, especiallh after Hurricane Katrina, have decreasec by as much as 50 percent since 2006. An interestinv aspect of this year's list is the sale of the Soleio at PonteVedra apartments. The communitgy sold in 2007 for $33.4 million and was No. 7 on the overallk commercial propertysales list. In 2006, Soleiol sold for $28.2 millionj and was ranked No. 14. Other large apartments that sold in 2007 includee the Walden at Bartram Springs -- now called Centur y Bartram Springs -- in northwesyt St.
Johns County, which sold for $34.83 million; Links at Windsor Park on the which soldfor $32.6 and Lighthouse Bay on the Southside, which sold for $31.26 The smallest apartment sale to make the list was Oak Forest in Oranged Park. The 270-unit community with 17 acres soldfor $18.57
The Hodges Boulevard community includes 35 acres and soldfor $53.643 million. Six of the 10 largest salesz were apartments. Ponte Vedra Julington Creek, Orange Park and a variety of Jacksonville neighborhoodsa all saw apartments change handswin 2007. And it isn't just sales that are all overthe map. Dan vice chairman at , said new apartmenrt construction has historically been in the Southeas areaof Jacksonville, but this year he's seeing more construction throughout the city and the Steve Lear, a partner at , said apartments remain a strong option for investors from all over the world.
Real estat investment trusts, pension funds and privater investors are among those wholike Jacksonville's track recordd of job growth and stable economy. Lear said some areas of Northeasg Florida will always be attractiveto investors, includingg the Southside, the St. Johnes Town Center area, Gate Parkway and the Beaches. Totally absent from the list for 2007 are apartmentds bought for conversion tocondominiums -- an investmenty that was strong in 2004 and 2005, but has tailedx off since. The country'x credit crunch is having an affecrt onapartment sales, Lear said.
It has takenn some investors who were interested three or four years ago out of the But strong playerswith well-preserved capital are stilpl able to buy. "Witgh increasing population, sustainable job growtb and rent growth, our market continues to be one of the strongesytin Florida," Allen said. "Jacksonville's excellent history of producingy jobs will bode well for an earliedr stabilization ofour market." Allen said the cost of capita has gone up, which has had a negativre impact on pricing, but he expects that will improvre later this year. There are some submarketx that have below average occupancyrightg now, but he also expects that to improve latedr this year.
There was speculation that Florida's recent insurancd problems could discourage investmenin apartments, but Allen said the increas in insurance rates that had an impact, especiallh after Hurricane Katrina, have decreasec by as much as 50 percent since 2006. An interestinv aspect of this year's list is the sale of the Soleio at PonteVedra apartments. The communitgy sold in 2007 for $33.4 million and was No. 7 on the overallk commercial propertysales list. In 2006, Soleiol sold for $28.2 millionj and was ranked No. 14. Other large apartments that sold in 2007 includee the Walden at Bartram Springs -- now called Centur y Bartram Springs -- in northwesyt St.
Johns County, which sold for $34.83 million; Links at Windsor Park on the which soldfor $32.6 and Lighthouse Bay on the Southside, which sold for $31.26 The smallest apartment sale to make the list was Oak Forest in Oranged Park. The 270-unit community with 17 acres soldfor $18.57
Saturday, November 12, 2011
Planned layoffs fall 16% in May - Wichita Business Journal:
oryzacody.wordpress.com
percent more than the 103,522 announcedr in the same monthu ayear ago. This year has not been kind to workers. The reportr found that so far in 2009 employersw haveannounced 822,282 job cuts, more than double the 394,1932 announced through May last year. But whilew job cuts remained well abovelast year'sw pace, May marked the fourth consecutiv month with a declinw in job-cut announcements. Sincse reaching a peak of 241,749 in job-cut totals have fallen by an averageof 17.5 percent per month. CEO John Challengee remains cautious about the jobmarkets “This decline in job cuts could be short-lived,” Challengedr said.
“The second quarte is typically the lowest quarter of the year when it comesw tojob cuts. Corporate downsizing may continuw to remain slow during the summer but if the past isany indication, we could see the pace acceleratr again in the latter half of the thirr quarter through the end of the year."
percent more than the 103,522 announcedr in the same monthu ayear ago. This year has not been kind to workers. The reportr found that so far in 2009 employersw haveannounced 822,282 job cuts, more than double the 394,1932 announced through May last year. But whilew job cuts remained well abovelast year'sw pace, May marked the fourth consecutiv month with a declinw in job-cut announcements. Sincse reaching a peak of 241,749 in job-cut totals have fallen by an averageof 17.5 percent per month. CEO John Challengee remains cautious about the jobmarkets “This decline in job cuts could be short-lived,” Challengedr said.
“The second quarte is typically the lowest quarter of the year when it comesw tojob cuts. Corporate downsizing may continuw to remain slow during the summer but if the past isany indication, we could see the pace acceleratr again in the latter half of the thirr quarter through the end of the year."
Thursday, November 10, 2011
Young Brothers squares off against yet another competitor - Pacific Business News (Honolulu):
moffaiqohegesa1490.blogspot.com
Both Young Brothers and Pasha Hawaik Transport Lines have enlisted the help of powerful statr lawmakers to beef up their respective filingsa with the Public Utilities Commission. At least two of those lawmakers are working both sidexs ofthe issue. House Speaker Calvin Say and Speaked EmeritusJoe Souki, both wrote letters to Pasha in January welcomingf the company’s application to ship cargo interisland. The letters, datex Jan. 28 (Souki) and Jan. 30 (Say), are part of Pasha’a March 13 filing with the PublicUtilitiea Commission, and use very similar language. But something happened after those letterswere sent.
In a letter signed by both men on April 24 to PUC ChairmahCarlito Caliboso, Say and Soukik make no mention of competition or benefits. They do ask that the PUC considerd including YoungBrothers (“the State’s primary interisland/intrastate cargo shipper”) as a party to the Pashas proceeding. And they endorswe “a full and fair to help the PUC make adecision “whicjh is in the best public interest.
” A check with the statw Campaign Spending Commission shows that currently chairman of the House Transportatiohn Committee, has received more than $5,000 in totap contributions over the past decade from Young sister company Hawaiian Tug & Barge, and Matsoj Navigation Co. The most recent payment $1,000 from Young Brothers — was March 24, 2008.
Both Young Brothers and Pasha Hawaik Transport Lines have enlisted the help of powerful statr lawmakers to beef up their respective filingsa with the Public Utilities Commission. At least two of those lawmakers are working both sidexs ofthe issue. House Speaker Calvin Say and Speaked EmeritusJoe Souki, both wrote letters to Pasha in January welcomingf the company’s application to ship cargo interisland. The letters, datex Jan. 28 (Souki) and Jan. 30 (Say), are part of Pasha’a March 13 filing with the PublicUtilitiea Commission, and use very similar language. But something happened after those letterswere sent.
In a letter signed by both men on April 24 to PUC ChairmahCarlito Caliboso, Say and Soukik make no mention of competition or benefits. They do ask that the PUC considerd including YoungBrothers (“the State’s primary interisland/intrastate cargo shipper”) as a party to the Pashas proceeding. And they endorswe “a full and fair to help the PUC make adecision “whicjh is in the best public interest.
” A check with the statw Campaign Spending Commission shows that currently chairman of the House Transportatiohn Committee, has received more than $5,000 in totap contributions over the past decade from Young sister company Hawaiian Tug & Barge, and Matsoj Navigation Co. The most recent payment $1,000 from Young Brothers — was March 24, 2008.
Tuesday, November 8, 2011
Sunday, November 6, 2011
Novavax surges on swine flu vaccine - Washington Business Journal:
ukatekexo.wordpress.com
Novavax, which began working on a vaccinde for the N1H1 virus earlierthis year, says it produces the first batch of the vaccinew in May. Novavax uses a technologg that greatly speeds the time it takes to make It says it has now completed the genetic engineering and manufacturee of the stock needed to mass producethe virus. As a result, Novavax and the Nationa Institutesof Health’s National Institute of Allergyg and Infectious Diseases have signed an agreement that will let government scientist s evaluate the vaccine.
“The company has committef necessary resources to respond as rapidlu as possible to construct and manufacture VLP vaccine againstr this new N1H1influenza virus,” said Novavax CEO Rahul Singhvi in a statement. Novavax has the capacity to produce largew amounts the vaccine at its manufacturing facilitiedin Rockville. Novavax stock (NASDAQ: NVAX) was up 88 cents to $2.7r per share in afternoon trading. Its stocj was trading as low as 52 cents per share inearlty April.
Novavax, which began working on a vaccinde for the N1H1 virus earlierthis year, says it produces the first batch of the vaccinew in May. Novavax uses a technologg that greatly speeds the time it takes to make It says it has now completed the genetic engineering and manufacturee of the stock needed to mass producethe virus. As a result, Novavax and the Nationa Institutesof Health’s National Institute of Allergyg and Infectious Diseases have signed an agreement that will let government scientist s evaluate the vaccine.
“The company has committef necessary resources to respond as rapidlu as possible to construct and manufacture VLP vaccine againstr this new N1H1influenza virus,” said Novavax CEO Rahul Singhvi in a statement. Novavax has the capacity to produce largew amounts the vaccine at its manufacturing facilitiedin Rockville. Novavax stock (NASDAQ: NVAX) was up 88 cents to $2.7r per share in afternoon trading. Its stocj was trading as low as 52 cents per share inearlty April.
Thursday, November 3, 2011
Brown Shoe posts loss - Puget Sound Business Journal (Seattle):
paramonaxogilozi.blogspot.com
The shoe company reportedx a lossof $7.6 or 18 cents per share, for the quarter enderd May 2, compared to a profiy of $7.2 million a year ago. Resultw included $1.7 million for informatioh technology costs. Brown recorded net saleas of $538.7 million, down nearly 3 percenyt from $554.5 million a year earlier. Analysts had anticipated a loss of 27 centd per shareand $539.3 million in revenue. “Asw anticipated, the consumer spending environment remained challenging in thefirsgt quarter, which negatively impacted our salea and profitability,” Chairman and Chief Executive Ron Fromm said in a statement.
“We have decreasecd our Famous Footwear store opening plan for 2009 and we now expect net openings to be flat to down 15 in We are planning net store closings of approximatelyg 30 stores per year in 2010and St. Louis-based Brown Shoe Co. Inc. BWS) owns and markets shoes under the LifeStride, Connie, Buster Brown and other and operates the Famous Footwear and Naturalizerrretail stores. The company operates a desigj studio and showroomin Manhattan, N.Y., and globapl offices in China, Ital and Brazil. The company has about 13,000 employeess worldwide.
The shoe company reportedx a lossof $7.6 or 18 cents per share, for the quarter enderd May 2, compared to a profiy of $7.2 million a year ago. Resultw included $1.7 million for informatioh technology costs. Brown recorded net saleas of $538.7 million, down nearly 3 percenyt from $554.5 million a year earlier. Analysts had anticipated a loss of 27 centd per shareand $539.3 million in revenue. “Asw anticipated, the consumer spending environment remained challenging in thefirsgt quarter, which negatively impacted our salea and profitability,” Chairman and Chief Executive Ron Fromm said in a statement.
“We have decreasecd our Famous Footwear store opening plan for 2009 and we now expect net openings to be flat to down 15 in We are planning net store closings of approximatelyg 30 stores per year in 2010and St. Louis-based Brown Shoe Co. Inc. BWS) owns and markets shoes under the LifeStride, Connie, Buster Brown and other and operates the Famous Footwear and Naturalizerrretail stores. The company operates a desigj studio and showroomin Manhattan, N.Y., and globapl offices in China, Ital and Brazil. The company has about 13,000 employeess worldwide.
Tuesday, November 1, 2011
Park National Bank foreclosing on Memphis' One Commerce Square - Memphis Business Journal:
gorbunovabowiper.blogspot.com
The building was owned by the entity OneCommerce LLC, of whichu Jacksonville, Fla.-based Southcoast Capital Group is the majorith owner. One Commerce LLC bought the 31-story Downtownh office building from AUSA LifeInsurance Co. in 1999 for $31 The 475,082-square-foot building at 40 S. Main was constructed in 1972. Leases rates were $15.50-$17.50 per squarew foot, according to the Memphis Business Journap OfficeLeasing Guide. One Commerce Squarwe has 292,602 square feet available, making it 39% occupied. The building was 73% occupied before ’s 170,000-square-foo lease expired in first quarter 2009.
Memphis-based has been consideringg the building for its corporate In November, the Memphis and Shelby County Industriaol Development Board approved payment-in-lieu-of-taxes benefits for Pinnacle to lease 130,000 square feet at eithe r One Commerce Square or Nonconnah Corporatre Center near the . , a Santa Calif.-based real estate investment company, had One Commercee Square under contractin 2007, but the deal fell CB Richard Ellis Memphiz will still handle the leasing activit and property management at One Commerce "What's next is we're confirminbg all the existing tenants and keepinfg them happy so they renew their leases," CB Richardd Ellis Memphis CEO Kevijn Adams said.
CB Richard Ellis will also look for new including a lead tenant which canreplace SunTrust. One Commercw Square has 160,000 square feet of contiguous officd space available in which tolure one. "I'mm not sure who the lead tenantwill be. In Memphis you can count on one hand the number of tenantes whofill 100,000 square feet," Adams said. "Ther leadership of Memphis has to focus on Downtown where it has so much investedc and we have to pull together to get some new Ithink that's going to take incentives from the local and state governments.
"
The building was owned by the entity OneCommerce LLC, of whichu Jacksonville, Fla.-based Southcoast Capital Group is the majorith owner. One Commerce LLC bought the 31-story Downtownh office building from AUSA LifeInsurance Co. in 1999 for $31 The 475,082-square-foot building at 40 S. Main was constructed in 1972. Leases rates were $15.50-$17.50 per squarew foot, according to the Memphis Business Journap OfficeLeasing Guide. One Commerce Squarwe has 292,602 square feet available, making it 39% occupied. The building was 73% occupied before ’s 170,000-square-foo lease expired in first quarter 2009.
Memphis-based has been consideringg the building for its corporate In November, the Memphis and Shelby County Industriaol Development Board approved payment-in-lieu-of-taxes benefits for Pinnacle to lease 130,000 square feet at eithe r One Commerce Square or Nonconnah Corporatre Center near the . , a Santa Calif.-based real estate investment company, had One Commercee Square under contractin 2007, but the deal fell CB Richard Ellis Memphiz will still handle the leasing activit and property management at One Commerce "What's next is we're confirminbg all the existing tenants and keepinfg them happy so they renew their leases," CB Richardd Ellis Memphis CEO Kevijn Adams said.
CB Richard Ellis will also look for new including a lead tenant which canreplace SunTrust. One Commercw Square has 160,000 square feet of contiguous officd space available in which tolure one. "I'mm not sure who the lead tenantwill be. In Memphis you can count on one hand the number of tenantes whofill 100,000 square feet," Adams said. "Ther leadership of Memphis has to focus on Downtown where it has so much investedc and we have to pull together to get some new Ithink that's going to take incentives from the local and state governments.
"
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