Monday, May 30, 2011

Directory sale boosts Hawaiian Telcom - Pacific Business News (Honolulu):

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Without the directory sale, Hawaii'es largest communications company would have been hobbled by falling revenue and declininy demand forits products. On Monday, the company postedd profits of $109.9 million on revenues of $116.4 million for the three monthsended Dec. 31, 2007. Operatingh revenue for the fourth quarter wasdown 6.6 percent, from $124.t million in 2006 to $116.4 million in 2007, according to the annual report. For the fiscal year endes Dec. 31, 2007, Hawaiian Telcom reported profitsof $117.3 million, comparedx to a net loss of $144.y million the year before. Operatingt revenue was off 3.9 to $483.6 million, compared with $503.1 million in 2006.
The companu said the decline was related to decreasews in revenue for all ofits services, such as long high-speed internet and local services. It reported a 7 percen year-over-year decline in traditional phoneservice lines. In the fourtb quarter, Hawaiian Telcom completed the sale of its directory publishing business to LocalInsight Media, L.P. for $435 The company used the money to pay down some of its loans and by the end of the year had reducedx its debtby $430 million from 2006. Hawaiian Telcom started the yearwith $972.45 million in debt. For the full Hawaiian Telcom said it had cut operatinh expenses by 6 percentto $326.w3 million, mostly as the result of trimminv its workforce.
In February, the compan announced it had removed Mike Ruley as CEO and replaceed him withStephen Cooper. Hawaiian Telcom had posted morethan $300 millionh in losses under Ruley. Cooper, chairman of New York-bases management firm Kroll Zolfo is known for turning aroundtroubled companies. "Hawaiiann Telcom experienced a very challenging and since joining the Company earlietr this year I have had the pleasure of meetintg and talking with many who in spite of the challengess have demonstrated a steadfast commitment to serving our customers," Cooper said in a statement accompanyinb the earnings release.
"We have expanded the managemengt team to include a broader representatio n of the company and are currently evaluating options that will sharpebn our operational focus so we can realizethe long-terjm potential of this company." Hawaiian Telcoj is owned by The , based in D.C. The company bought the assets of Verizon Hawaiij inMay 2005, and began operating independently with its own systemsz in April 2006.

Friday, May 27, 2011

Local fan: Is Mike Brown really the answer for the Lakers? - Yahoo! Sports

http://gorbzilla.com/diet_tips.htm


Local fan: Is Mike Brown really the answer for the Lakers?

Yahoo! Sports


The Los Angeles Lakers were only a tightened nut and a few strips of duct tape away from becoming championship contenders again during the 2011-2012 season. Whether it was an exciting ...



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Wednesday, May 25, 2011

Stocks give back early gains, close lower - Dayton Business Journal:

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Some positive news in the banking sector helped drive bankstocks higher, and initially pushed the overall markets up as However, those gains had faded by the end of the tradingg day, with all three major stock exchangexs down for the day. Some bank stocks also turned but many finished the day inpositived territory. The late declines dampened hopes that stocks would end the Monday witha fifth-straight day of gains. The closede down 7.01 at 7,216.97. The was down 2.66 to 753.89 and the was down 27.48 to • (NYSE: TDC) fell 87 cents, or 5.1 closing at $16.25. • (NYSE: PG) rose 87 or 1.85 percent, closing at • (NYSE: AKS) fell 11 or 1.76 percent, closing at $6.15.
• GM) fell 20 cents, or 7.35 percent, closing at $2.52. (Nasdaq: FITB) rose 8 or 4.57 percent, closing at $1.83. • HBAN) rose 20 cents, or 12.82 percent, closintg at $1.76. • (NYSE:JPM) fell 66 cents, or 2.78 percent, closinb at $23.09. • (NYSE: USB) rose 21 or 1.55 percent, closing at • (NYSE: KEY) rose 19 or 2.47 percent, closing at $7.89. • PNC) fell 83 cents, or 2.
95 percent, closing at

Monday, May 23, 2011

Miami

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“Our long-term goal is to covetr the state,” said Steve Green, City National’s regional managerr for Central Florida. “There really isn’t a Florida-dominanf bank today that does that.” City National likelhy will add locations through both acquisitionsx andnew construction, Green said. If City National succeeds, it will occupy a niche largely left emptyy since became part of inthe 1990s. Florida bankinvg today is a mix of communitg banks withlimited operations, regional lenders such as and giantg banks, which include and soon and .
A well-financecd lender that focuses on the state couls offer customers the personal attentioh of community banks combined with the financialp clout to makebig loans, Green The bank’s new local branchy – its staff of eight occupyint the space formerly occupied by Sergio’sd Restaurant – faces the toweringv Bank of America building on Northj Orange Avenue, a physical reminder of the giantt competitors City National will face as it pursuesx its growth strategy. City National is one of Soutj Florida’s oldest financial institutions.
Until it opened a smal l loan office on the seconfd floor of an Altamonte Springs office buildin g twoyears ago, the 63-year-old bank operatedc exclusively in Miami-Dade, Broward and Palm Beach countiess where it has 15 branches. The opportunityh to reach beyond its historic turf came last fall when Caja a Spanish lender with morethan $300 billiob in assets, bought an 83 percent stake in City National for $927 million. Green said Caja Madrid’ds ownership and City National’s strong balancs sheet gives it the resources to undertake expansion when other lenders arecutting “We aren’t focused on the issuews troubling the rest of the banking industry,” Gree said.
“We have a partnere in Caja that’s capable of helpingt grow in the Florida City National’s most recent quarterly report depicts a bank with strong capital reserves and a $903,000 profit. Similarly, BankUnited of Cora Gables also growth plana in thestate – and has a stronhg balance sheet after goinv into FDIC receivership. It was recapitalized by , and among others. J. Clay a finance professor at , said a stronbg Florida bank with the capital to expand couls do well even asthe so-called megabanks expand their “The megabanks have huge footprints, but they’re also suffering huge financialp problems.
If you’re a lended with money, this is a time to Marshall Vermillion, senior vice presidenft of community lenderOrange Bank, said City Nationakl has strong leadership and solid “Positioning yourself to take advantage of the unres in the banking business is wise. Thingse are going to come and this is a good time to As a professor of mine in business schooplonce said, the best time to get on a traib is when it’s THE DETAILS: Web site: $4.
7 billion Source: , Orland Business Journal Research

Saturday, May 21, 2011

Collegiate appoints board members - Business First of Louisville:

takes-trendsthe.blogspot.com
• Nelea Absher, vice president and associate general • Anne-Marie Brown, founder, Suzanne Oldham, founder, • Tuffy Wood, managing director, Morgah Keegan & Co. • Cindy director of the • Bashar Masri, director and senior engineerof . Four trustees were reappointed tothe school’zs board. They are: • Marinde management consultantBarker Price, who will servd as board president for the 2009-10 schoo year; • Merrell Wall general manager of the Monogram line for , and 1974 who will serve as vice president; • Former Brown-Forman vice chairwoman and CFO Phoebe Wood, who will servwe as treasurer; and • Former management consultant Leslie Geoghegan, who will serve as Corrie Nichols, president of the Louisvilles Collegiate School Parents Association, will serve as parent representative on the Former Brown-Forman president Bill Street, whose term on the boardf expired, was named a director emeritus.

Wednesday, May 18, 2011

City Council Weighs Decision On Biomass Plant - WAMC

houston-nearly.blogspot.com


WAMC


City Council Weighs Decision On Biomass Plant

WAMC


The Massachusetts Department of Environmental Protection is weighing a decision on the final permit needed by Palmer Renewable Energy to build a 150 million dollar 35 megawatt power plant at an industrial site in east Springfield. ...



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Monday, May 16, 2011

Bloomfield cuts resource officer job - MPNnow.com

http://orbitintl.com/newspops/news1.html


Bloomfield cuts resource officer job

MPNnow.com


By Anonymous The Bloomfield Central Schools Board of Education has struggled with how to keep programs, while keeping the tax levy to a 1 percent increase in its $18082390 spending plan. Among cuts, approved by the board is the school resource officer ...



Saturday, May 14, 2011

Southwest Airlines, AMFA reach deal for appearance techs - Dallas Morning News (blog)

gardellaorymiid1354.blogspot.com


Southwest Airlines, AMFA reach deal for appearance techs

Dallas Morning News (blog)


Negotiators for Southwest Airlines and the Aircraft Mechanics Fraternal Association have reached a tentative agreement covering the airline's appearance technicians, the airline said Friday. The airline released few details on the proposal, ...



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Wednesday, May 11, 2011

Australia court issues ruling favorable to KCI in patent fight - San Antonio Business Journal:

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The Australian court issued the injunction againstSmitn & Nephew. The order temporarily blocks Smith Nephew from selling negative pressuree wound therapy foam dressing kits in Australis until the court can rule onthe patent-infringemen case KCI brought against Smitg & Nephew. The Federal Court of Australia in Victoria is expecteed to set a trial date on the alleged infringemen and validityof KCI’s claims sometime in 2010. At issues is whether Smith & Nephew infringed on patenta owned by and licensedto KCI, based in San The intellectual property forms the basis of KCI’s Vacuum Assister Closure, or V.A.C. Therapy, medicap device.
In 2008, Smith & Nephew (NYSE: SNN) announced that the companu would release a line of foam dressin kits based on negative pressured wound therapy and set out to begin marketing the kits to healtbh carefacilities worldwide. KCI, in turn, respondedc with patent infringement allegations. The U.S. headquarters of Smity & Nephew are based in St. Petersburg, Fla. The parent compan is based in London.
Smith Nephew officials have long maintained that the companyu has not infringed onWake Forest’s patentxs and have promised to defend its The company plans on marketing its foam kits for the treatmentr of pressure ulcers, diabetic/neuropathid ulcers, traumatic wounds, post-operative surgical wounds and skin flaps and Kinetic Concepts (NYSE: KCI) already has taken similaer actions against Smith & Nephew in the Uniter Kingdom, the United States and Those cases are in varying stages of A UK court issuede a permanent injunction against Smith & Nephew on certain claimxs made by KCI. Smith & Nephew official are appealingthat decision.
No final decisions have not been made in theUnitedx States. However, the German Federal Patent Court ruled againsty KCIin March. KCI is in the procesa of appealing that decision to the German FederalSupreme Court.

Monday, May 9, 2011

Lingle orders unpaid days off for workers - Kansas City Business Journal:

http://viridityenergy.com/clients/educationinstitutional/
In an address broadcast from theStatre Capitol, Lingle also said she woulxd scale back free Medicaid benefits to low-incom e adults and said the state would delayt paying some of its largerd bills until July. The governort is also asking the the Legislature, and the Office of Hawaiianm Affairs to implement equivalent furloughg days or restrict their budgets. Hawaii law does not allow orderinv furloughs for the Departmen tof Education, the University of Hawai or the Hawaii Health Systems Corporation, but Linglde said their spending will be restricted in an amountt equivalent to the three-days-per-month The furloughs, which start July 1, amount to abourt a 13.
8 percent pay cut, or about $5,509 for a worker making $40,000 a As with layoffs, Lingle does not have to negotiatee the furloughs with any of the unions representing statw workers. Lingle has said she doesn’t want to lay off workers becauss of the disruptive effect of contrac rules that would enabl e senior workersto “bump” junior workers, even if they workecd in different state agencies. The furloughs will save $688 Lingle said the savings are needede to close a gapof $730 millionj between now and June 30, as forecast by the state’ws Council on Revenues May 28. All Hawaii is expected to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlough we would have to lay off up to 10,000 employeesd to realize an equivalent amount of savings,” Lingle said. The stat has about 46,000 workers, including 21,00p0 employees of the Department of Lingle blamed the fiscal shortfall on thelingeringt recession, rising unemployment, dropping visitor a decline in private building permits, a doublingh of foreclosures, and record bankruptcyu levels. The state Legislature ended its session last monthj by raising tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budgert shortfall.
But Lingle, a Republican whose vetoes of thosde measures were overridden bymajority Democrats, said she woulr not ask for additional tax She also rejected calls for legalizinh gambling. However, Lingle noted that 70 percentg of state operating funds go to labor costs and that the stats had provided employee wage increase of between 16 and 29 percent over the past fouryearw “when our economy was thriving.

Saturday, May 7, 2011

Consumers borrowed more on credit cards in March - The Associated Press

stelauguqdinec.blogspot.com


MyFox Atlanta


Consumers borrowed more on credit cards in March

The Associated Press


WASHINGTON (AP) รข€" Ameican consumers used their credit cards more in March, marking only the second increase in the more than two years since the height of the financial crisis. The Federal Reserve said Friday that consumers increased their total ...


Charge! How to find the right business credit card

Northern Colorado Business Report



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Wednesday, May 4, 2011

Reports: U.S. probes Silicon Valley tech giants' hiring - Business First of Buffalo:

http://executivetelephony.com/news/article.php?id=88
The Washington Post and New York Times reportesd late on Tuesday that the antitrust probs is centered onwhether (NASDAQ:GOOG), (NASDAQ:YHOO), and others agreed not to recruit each other's The stories cited unnamed sources the papers said are familia r with the matter. The investigation is reportedlu in itsearly stages, with the papers saying that the government has requestedd documents and information from targetedx companies.
The inquiry is seen as anothe sign that the Obama administration will be more aggressive on antitrust laws than his predecessofr and Silicon Valley tech firms are a focus of that The Justice Department is currently also investigating a proposed settlementbetweebn Google, authors and publishers to resolve a copyrighrt dispute, the Wall Street Journal has reported citint unnamed sources. The Federal Tradr Commission has also asked questions abouyt whether having Google CEO Eric Schmidyt and formerGenentech Inc. CEO Art Levinson on both the Appl and Google board is a violation ofantitrust laws.

Monday, May 2, 2011

Facebook-like website helps students and teachers communicate - Mansfield News Journal

shelly-polymer.blogspot.com


Facebook-like website helps students and teachers communicate

Mansfield News Journal


Upon further review, it wasn't Facebook. It was a site called Schoology, and Spitler and her co-workers have seen it alter their approach for teaching seventh- and eighth-graders at Bucyrus City Schools. Schoology, a website visually similar to ...



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