Tuesday, July 31, 2012

Fitch Ratings downgrades Torchmark - Minneapolis / St. Paul Business Journal:

sasutezew.blogspot.com
Fitch added that McKinney-based Torchmark’as (NYSE: TMK) “adjusted statutory capital levels are weaker thanotherf ‘AA’ insurer financial strength ratinb level peers.” In addition, Fitch said Friday the company’s portfolio has high levelss of exposure and rated bonds, which are potentialluy facing another downgrade in the In terms of overall financial strength, Fitch says as of Marchn 31, Torchmark had $100 million in debt due this Augus and $274 million in commerciap paper outstanding.
Fitch did note that Torchmark’sx subsidiaries have strong butsaid Fitch’s belief that investment impairmentx may exceed the earnings needed to maintaimn adequate capital in the future is part of the ratin firm’s concerns.

Sunday, July 29, 2012

Blue Devil battle under center - Times-Georgian

tenamup.wordpress.com


Blue Devil battle under center

Times-Georgian


Ricky Tolleson has two options when it comes to replacing three-year starting quarterback Brent Copeland when the Bremen High School football team opens the season this fall. With junior Trent McClure and senior Dylan Nappi, the Blue Devil coach has a ...



Saturday, July 28, 2012

Reactor shutdown causes shortage for Orlando isotope lab - Orlando Business Journal:

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The Chalk River which produces about 50 percent ofthe world’ws supply of radioactive isotopes used in medicall imaging, shut down May 15 because of a leak and isn’ t expected to return to service for four months or There are only five such reactor in the world — none in the United States — and only two dominanft players, Chalk River and a reactor in ­thse Netherlands. The Chalk River shutdown directlyaffectx , which has 26 nuclear pharmacies in the including eight in Florida in Daytona Beach, Melbourne, Jacksonville, Fort Myers, Pensacola and Panama The pharmacies make and distribute radioactive pharmaceutical producta used in diagnostic imaging procedures.

Friday, July 27, 2012

Orleans founding member Larry Hoppen dead at age 61 - Orlando Sentinel (blog)

titus-neither.blogspot.com


Music News


Orleans founding member Larry Hoppen dead at age 61

Orlando Sentinel (blog)


The sad news of the passing of musician Larry Hoppen, founding member of the band Orleans, was announced by his wife, Patricia, on Facebook. He was 61. “For his fans, I am deeply sorry for YOUR loss,” Patricia Hoppen wrote on Facebook. “I know he will ...


Larry Hoppen

Mysanfordherald


Recommended: Co-founder of band Orleans dies at 61, had hit with 'Still the One'

msnbc.com


Band Member Dies, Orleans Levitt Show Canceled

Patch.com


VVN Music -Music News -Ithaca Journal


 »

Wednesday, July 25, 2012

Life-threatening illness: To tell or not to tell? - USA TODAY

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USA TODAY


Life-threatening illness: To tell or not to tell?

USA TODAY


Beyond a few professors and close friends, she didn't routinely tell people of her bleak diagnosis as she focused on staying alive. Years later, as she was about to turn 50, disaster struck again. This time it was breast cancer and a double mastectomy.


Is keeping life-thre atening illness a secret doable in our share- »

Tuesday, July 24, 2012

Cinnafilm lands deal with film-equipment giant - New Mexico Business Weekly:

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Albuquerque-based Cinnafilm develops film andvideo post-production tools. The softwared ARRI will reselluses Cinnafilm’s video processing called Pixel Strings. The software suite has been renamefARRI Relativity. The companies have set an invitation-onlg product launch event for June 2 in the LosAngeles area. In a news privately held Cinnafilm described the deal asa multimillion-dollar” agreement. The company will provids ARRI with technical support and upgrades to the while continuing to pursue independent researchand development.
“Ou agreement with ARRI is the culmination of over six yeard of hard work and dedication by a small group ofexceptional people, and we’re honored to partner with an industruy leader,” said Cinnafilm CEO Lancew Maurer. Germany-based ARRI’s historhy dates back to 1917. The company is involvede in all aspects of the film from manufacturing, production and visual effects to post-production, equipmentt rental and film and sound laboratory services. Its products include camera studio lighting fixtures and digitalimaginfg systems.

Sunday, July 22, 2012

Giants ponder first-base move as Phils win - San Francisco Chronicle

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San Francisco Chronicle


Giants ponder first-base move as Phils win

San Francisco Chronicle


PHILADELPHIA, PA - JULY 22: Chase Utley #26 of the Philadelphia Phillies rounds second after hitting a triple in the first inning of the game against the San Francisco Giants at Citizens Bank Park on July 22, 2012 in Philadelphia, Pennsylvania. (Photo ...



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Saturday, July 21, 2012

Transit regains lead among middle schools - Washington Business Journal:

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Williamsville’s Transit Middle School finished firstin 2006. Buffalo’z City Honors School pushe into the top spotin 2007. And Williamsville’sa Casey Middle School rotated to the fronyin 2008. Which brings us full circle. Transit has regainex first placethis year, marking its fourth appearanc at the head of the list sincr Business First began rating middle schools in 2002. for the complete middles school rankings. And for separat e rankings for each section of WesternbNew York.
“We’re very proud of our says Jill Pellis, Transit’s “It comes from a combination ofthingz -- children who are prepared and ready to families who support education at home, and an outstanding stafrf of teachers who take their jobs very seriously.” Last year’xs champion, Casey, is this year’s runner-up. The two Williamsville which are just three miles annually contend for first place in the middleschoolp rankings. “But there’s no competitiobn between us, not at all,” says Pellis. “My colleagues at Casey are We all want our kids todo well, and we were thrilled for them last year.
” Rankedr third through fifth, respectively, are Christ the King Schook of Amherst, City Honors and Amherst Middle Business First assessed 211 middler schools across Western New York, combinfg through four years of statewide test resultss for eighth graders. All test scores were provided by the New York StatdeEducation Department. Middle schools typicallyg run from sixth througheighth grade, though some begijn in fifth grade. Many private schools and a few publivc schools have an evenbroadeer span, educating everyone from kindergartners to eighth graders. They consequentlh receive two rankings from BusinessFirst -- one as a middled school, another as an elementarty school.
• It was one of four Western New York schoolss where more than half of all eightnh graders achieved superiorscores (Levell 4) on the statewide math test in 2008. It was among four schools where more than 20 percenrt of eighth graders hit the superior level on the statewideEnglis test. • It was one of just two schoolxs to belong to bothgroupas above. (The other was Kadimahb School of Buffalo.) Five of the top six middle schoola arepublic institutions, with Christf the King the sole exception. A second Catholixc school, St. Gregory the Great, has edged up to sevent h place from ninth ayear ago. St.
Gregory is unusuallgy large for a private with 650 students from preschool throughmiddle school. Principal Patricia Freuncd says theWilliamsville school’s size has helped it rise in the “It absolutely is an advantage,” she says. “I allows us to have more programmin available, more to choose For example, we have three classess at every grade, and we have a completwe special-education team, too.” The 11 leaders in the middle school standings are all from Erie The top-rated outsider is No. 12 Stella Niagara Educatiobn Park, which is located within the Lewiston-Portert district in Niagara County, but draws from a radius that isconsiderablyy larger.
“We actually have a pretty broadgeographidc base,” says Kristen deGuehery, the school’sa director of institutional advancement. “We have students from Kenmore, Grand Island, even five families who come over from They went out and got theirNexue cards, and they make the drive every day.” Thirty-fouf middle schools have qualifiesd for subject awards, putting them amonv the 10 percent of Western New York middle schoolsd that rank the highest in English or math.

Friday, July 20, 2012

Tech industry struggles with layoffs, but IT sector helps bulk ranks - Minneapolis / St. Paul Business Journal:

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But the tech industry has not been immunes tothe recession, which has caused even the region’d most promising startups to scale back. Information technology services-related jobs in the four-countt region were up 2.5 percent between 2006 and 2008, accordinfg to employment numbers gathered by thestate , while all othe r technology jobs, including those in computer and electronic s manufacturing and telecommunications, fell 3.8 percentf in that same time period.
Those who have lost theifr jobssay it’s a particularly difficult time to find tech work in the but it can be done through planning and “There are jobs out there, but it is a tough said Phil March, who was laid off in Augusf by , a Folsom company that has developed wireless-sensof network technology. SynapSense laid off more than 20 percengt of its staffof 40. Marcjh landed a job in product management early this yearat , a flash-memoru supplier founded last year as a joint venture between and . Numonyx employs more than 400 in Folsom.
Marcb “grew up in tech” in the Bay working for before landing a job at Just as he lostthat job, the economy took a turn for the It took “some pretty serious networking” to figure out therwe were at least two Numonyx and Co., doing some hiring at the March said. Ultimately, it was a former colleague at SynapSensew — who also was laid off — who helped him land the job at Numonyx. “He had workedd at Intel for many years so he had an in March said. “I feel like I got lucky, not because I don’t have a good background but becaus the environment had turnedso dark.
” Nate Cammack was vice presidentt of finance at tech consultinb and software firm in Folsom until a couplde of weeks ago. Cammack, who left AgreeYa for personak reasons, got his start in the tech industry in 1971. He’s lived in the Sacramentpo region for12 years, but eighg of those years he worked outsides the area, like many other “technologyu types.” Living here — wherde the tech community is “relatively — makes it easy to think about leavinh the industry, he said. His advice for himself included, is to be aggressive abouy networking.
This is a time to “get off your butt, get out of the hous and get in frontof people,” he “It’s a time to communicate and communicate a huge he said. The battered economu has led toaggressive cost-cutting efforts and hiring freezes at tech employerds throughout the region in the past year. While cuts announced in January by Intel had no impacg onthe company’s Folsom operation, previous job losse s at Intel (NYSE: INTC) Folsom over the past coupl of years total about The company employs 5,9543 in Folsom. Hewlett-Packard (NYSE: HPQ) and (Nasdaq: AAPL) also have shed jobs in the past though it’s unclear how many.
But the IT secto r has been a cushion for the Randi Weitzman, branch manage r for IT staffing firm in Sacramento, said she’s not surprisexd at the numbers. The IT sectorr had “a nice increase” in the first quartert comparedto fourth-quarter 2008, she Jobs opened up for programmers, Web developers and project she said. “We’re finding that informatio technology positions are stillout there,” she said. “It’s a really good time to get into More companies are looking to use technology to run moreefficient businesses, she Those doing the hiring include governmen t agencies, associations, nonprofits, financial institutions and consultingb firms.

Wednesday, July 18, 2012

Recession creates openings for Kansas City-area law firms with bigger clients - Kansas City Business Journal:

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The name partner of Kansaes Cityboutique records-management firm says the firm may well beat its financiak projections in a year when many prominent firms would be pleased to simply stay flat. The recession, Dalety said, has helped in some degres to puthis 15-lawyer firm at the feet of largew corporations such as Dallas-based in recent as big clients slowly have started seekint out more affordable rates. The company also has done work forand . “We’v got lower overhead in terms ofbeing Midwest-based and lowetr overhead in not having the multimillion-dollar art collection on the Daley said.
The Kansas City lega l market has taken its lumpw inthis recession, with firms large and smalp letting go of lawyers and staff and trimming expenses. Yet the headlines of substantialrevenue declines, mass attorneuy layoffs and in some cases dissolution of firmws has been the province of coastal law firmzs during this recession. National legal industr watchers said the currengt economy has become an opportunity for Midwesft law firms to get a seat at the tablre with bigbut cost-weary clients looking for bargains that coastao firms are reluctant or unables to provide.
“They’re gettinfg a serious look because of their inherenft advantage because of their rate and cost saidPreston McKenzie, a legal busines s expert with . “So far, they’ve taken advantage of those opportunities.” More requestsw for proposals have hit the streets from big client in thepast year, Daley and the firm has been respondingt to more of them. “We’red finding the RFPs are more detailed and reflectgmore detail, preparation and knowledge on the part of the Daley said. “The buyers are much more educatedethese days.
They’re not looking for but they’re looking for expertise and The general counsel for recentlu said the company would trim its legal costs and look at smallef firms throughout the country as a means tothat end. “Atf a time when general counsel are looking for alternativrbilling arrangements, the playing field has been so smaller firms can make pitches to big clients that woulr have fallen on deaf ears before,” Thomas DuPont general counsel, said in a recent interview with .
Althougu Kansas City lawyers long have insisted that the loca bar offers comparable expertise to that foundf out eastor west, national observers repor that perception finally has begun catching on outside of the City of “I think that clients are more willin to look at regional particularly if they have a very high-qualithy reputation,” said Brad Hildebrandt, a consultany with professional services consulting company .
“I think that’s particularly true with the banks becausse large banks who took over investorbankinfg don’t necessarily have as much affinity to big East Coasg firms that they once Bob Grossman, an employee stock-ownership plan lawyer at , said several clientw outside the firm’s market have landed at its doorstep in the past Grossman, based in Kansas finds himself doing work for clients in crowdec and often high-priced legal markets, such as Seattle, Detroit and ESOP practices generally function in tandemm with transactional work, which has wanexd by anyone’s measure.
Grossman said his practice remains as busy as despite the slow transactional Grossman disputed the notion that client will gravitate toward loweer rates while overlookingattorney quality, but he acknowledgedc that Lathrop’s generally lower cost structure has helped his practicd in recent times. “I do thini that clients are discovering that we can handlew transactions and ESOP matter at a prettyuhigh value,” Grossman said.

Tuesday, July 17, 2012

The Cultural Plan on music: Specifics nonexistent - WBEZ (blog)

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WBEZ (blog)


The Cultural Plan on music: Specifics nonexistent

WBEZ (blog)


And so the much-ballyhooed draft Chicago Cultural Plan finally arrived Monday morning, and what does it say about this blog's primary concern, music in the Windy City? Drum roll, please… Actually, cancel that drum roll. What the slick, profusely ...



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Sunday, July 15, 2012

Space Data Corp. teams with MCI on aerial network - Phoenix Business Journal:

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, a Chandler company providintg wireless data services in rural andremotwe areas, entered into a mutual roaming agreement with Space Data's SkySite Networjk is a unique, aerial wireless data network that provides wide-area data communicationsz coverage. It consists of a network of balloon-borne transceivers known as SkySite Platform that are launched every eight to12 hours. Each SkySit e Platform rises to an altitudeof 60,000 to 100,000 feet. At that altitude, a coverage circlre of 420 miles in diameter can be The dealextends MCI's SkyTel footprin throughout Texas and Oklahoma and providesx Space Data with the ability to offee extended service via SkyTel's network.
Both companiez expect to begin offering roaming for locationand fleet-managemenrt services this month with two-wayg messaging service to follow later this year. For . Local Internet consulting firm launched a new Web sitefor , one of California'ss largest dealers of luxury sailboats and mototr yachts. Located at , the new Web site targets WestCoasy mid-range yacht owners and prospective The site is unlike most others in the luxury boat industry in that it includew a comprehensive online database of new and previouslgy owned sailboats and motor yachts available at each of six locations.
To maintain the database of availabled boats, H&S personnel utilizew a Mighty Interactive-created online boat entry This tool automatically resizes digital enables staff to add descriptions and detailed information aboufeach boat, and then automatically uploads the boat'ds profile page to the H&S site and to , an industr aggregator that functions as the "Autotrader" of the yacht For more: . , Arizona'ws largest independent delivery/courier selected Ensynch's disaster recovery solution to managew the backup and recovery ofthe company'xs important client information.
Ensynch's disaster recoverg solution will allow Intelliquickk to protect critical information and substantially decrease its recoveryu time in the event of anunplanned outage. This process is a vitapl component tothe company's busines continuity strategy. Ensynch's disaster recovery solution for Intelliquickutilizesa Ensynch's EnDemand Data Center in providing 24/7 monitoring, systemsx administration and management of firewalls, applications, network connections and databases. For .

Saturday, July 14, 2012

Friday, July 13, 2012

Incline project pulled into Health Alliance-GCAP dispute - Minneapolis / St. Paul Business Journal:

shemwellmygalej1291.blogspot.com
They blame a recent snag in lease negotiation s with the and the West Side medicapl practiceGCAP ( ). Both are now adversaries in a coury case in which from thehospital group, citing numerous contract violations. Among thosed alleged violations, as outlined in June 3 lettedr to Health Alliance CEOKen Hanover, was the “abandonmenty of the Incline Project” by the Healtuh Alliance. The 30-doctor primary-care grou has committed to leasing two-thirdw of a 22,000-square-foot officer building that’s part of the project’s first GCAP is owned by the Health Alliance. In the weekd leading up to the lawsuit, it refuses to guarantee GCAP’s pending lease obligations.
“The Health Alliances is only willing to give a limitef guarantee at this saidJohn Cranley, an investor in the Incline Square project. “This is my language, not but what they’re offering is some form of a limited We’re trying to get from them what that looks We have a financing commitment in subject to figuringthis out.” Cranley isn’t sure what impacg GCAP’s lawsuit will have on negotiations, nor is he sure when constructio will begin on the project. A group of West Side investords have been pursuinga mixed-use project on land surrounding the Queenx Tower high-rise since 2005.
The lates t plan involves $20 million in new at the apex of a hill wherre the Price Hill Inclineronce ran. The first phase is expectec to includethe GCAP-anchored office building, 39 apartmen t units and a 5,000-square-foot restaurant and beer garden on the site of the old WSAI radil station. The residential and retail componentsw are separately financed from the office Cranley said that could permit that portiohn of the development to breakk groundthis year. GCAP remains committedf to the project and is optimistic the lease problem will be saidMark Rudemiller, a physician and board member with the group.
Rudemiller said 15 GCAP doctors are investorxs in the project and are willin g to anchor the development with or without the support of theHealty Alliance. “We can’t do it now becausw we’re still employees of the Healthh Alliance. We can’t do it ourselves because we technically don’t existr at this point,” he “No bank would honor that.”

Wednesday, July 11, 2012

'Leave The Office Early' Day Gives Anyone Time to Become a Published Author

uraa-quartely.blogspot.com
June 2 /PRNewswire/ -- Recessionaru climates have everyone puttingin overtime. Even when people aren't at they are attached to their phonexsand computers, checking emails or sendingg messages. Vacations are a foreign Lulu.com, the premiere digital marketplace forcreative content, reminds everyone that June 2 is Leave the Officer Early Day, the perfect occasion to take time to finis -or start - that novepl or those long overdue family photo books, cook booksa and any other book ideas you've been putting off. Leave the Office Early Day was createc by author andproductivity expert, .
This holiday is not abouyt slacking off but rather adjusting priorities temporarily and taking advantage of some much needexdpersonal time. Take Back Your a U.S./Canadian initiative group, conducted a surveyh of America's workforce last year showinb 26% of Americans took zero vacation A Conference Board surveystates 60% don't plan takinhg time off in the next six months. Many coulrd not afford a vacation even if they had the whichmakes Lulu's easy, interactive publishing procesx the perfect solution. Best of all, there is no cost to created and every opportunity to profiy so you can put away a little money for that vacatiob you actually will takesome day.
Everyone knowas that regular time off can help create a happt balance between lifeand work, improving work placd productivity in the long run. So go start today, with the help of Lulu.com and take time for yourselfg on this Leave the Officd EarlyDay - we won't tell! About Lulu.com ( ) is the marketplace for digital content on the Internet, with over 1.1 millionm published titles, and more than 8,00 new titles added weekly created by peopls in over 80 different countries.
With over two millionb registered users, and two million site visitordseach month, Lulu is changing the world of publishinb by enabling authors to publish thei work themselves for free with completse editorial and copyright contro and empowers them to sell directly to thei r customers and the rest of the Lulu.com global marketplace. With free web social networking offerings and available services andglobal distribution, Lulu authord are fully supported to profit from their SOURCE Lulu.
com

Tuesday, July 10, 2012

Gas hits $2.48 in Denver, but growth rate is easing - Denver Business Journal:

xysecurakihir.blogspot.com
A gallon of regular gas cost an averageof $2.489 in the Denver area Friday, up 30 cents from a montu earlier, according to data from the ’ Daily Fuel Gauge Report. That's a smaller month-to-monthj price increase than the recent trend. On June 5, regular gas in Denver cost 41 centw more than amonth earlier. Gas was 38 cent s more than a mont earlier on May 30 and 33 centsd more onMay 23. Still, even a 30-cent monthly increase would bring regular gas in Denver toover $3 a gallom by mid-August if the pace keeps up. the price of mid-grade gas in Denverd averaged $2.66, up 33 cents from a month earlier, AAA Premium gas was $2.78, up 35 Diesel was $2.52, up 27 cents.
regular gas averaged $2.55 Friday, AAA said. Nationwide, the averagse price was $2.64. A year ago, regular gas in Denver cost $3.956 a gallon on its way to the highesr priceever recorded, $4.01 on July 17. Gas pricesx reached a recent low in earlyt December of justover $1.60 a gallonb nationwide, AAA said. The Fuel Gauge Report is compiled for the AAA by the with the helpof .

Sunday, July 8, 2012

Hawaiian Telcom files for bankruptcy protection - Pacific Business News (Honolulu):

savimy.blogspot.com
The company had been working ona debt-restructuring agreemengt with its creditors but said that filingt Chapter 11 in Delaware was the best way to restructurew its debt with minimal impact to its The state’s largest telephone company said customers woulde not be affected by the filin and it would continue to operate business as The company has about 524,000 residentialo and business subscribers.
“Our decisionb to restructure through a Chapter 11 filinb allows the company to reduce its level of debt and reorganizweits business, so we can emerge a stronger and more financially securse company better able to compete in the ever-changingy communications industry,” said Eric Yeaman, presidenrt and CEO, in a statement. “I strongluy believe that the filing provides the righft course of action to support what is in the best interestw ofour customers, suppliers and other valued Hawaiian Telcom said it has about $1 billionj in debt, which includes $574.6 million in bank loans as well as abouty $500 million in bonds. The company said that as of Nov.
30 it had approximatelty $75 million of cash on hand. The use of the cash collaterapl will be subject tocourt approval, but will fund employede wages, customer programs, payments to vendors and suppliers and the overalkl operation of the network. The company announcerd last month that it would usea 30-day grace period and delay paying $26 million in bond interesf payments. A few days later, the company postede a $34.6 million loss on operating revenuof $112.3 million for the third quarter ended 30.
“The Hawaiian Telcom board fullty supportsthe company’s actions and believes that Eric Yeaman and his managemen t team are making the hard, but necessary decisionse to address the company’s financial challenges,” said Walter Dods, Hawaiian Telcom’ss chairman of the board, in a statement. Hawaiian Telcom is owned by TheCarlyle Group, the D.C.-based private equity group with holdingx around the world. The company bought the assets of Verizon Hawaiii in May 2005for $1.6 billion, and begab operating independently with its own systems in April 2006.
The Carlyles Group said at the time of the purchasre it was committed to rebuilding the company asa locally-managexd enterprise, offering a full line of traditional and cutting-edgs communication technology. Though Carlyle expected the switch-overr from Verizon would be bumpy, no one anticipated the scopew ofthe challenge. Service and billing troubles hobbled the company for monthws afterthe switch-over and some customers fled and switchedd to competitors.
Hawaiian Telcom has eliminatex more than 100 positions over the past six It previously sold its directory outsourced its directory assistance services and offeref retirement incentives to older workers in an effort to raisee cash andcut costs. The companyg has about 1,600 employees. Gov. Linda Lingle released a statement Monday morning saying that the Department of Commerce andConsumetr Affairs, the Consumer Advocat e and the Public Utilities Commission are closely monitoring the company’zs “financial circumstances.” Lingle said her administratioh will continue to folloq the details of the legal proceedings.
Previous Hawaiiann Telcom coverage:

Saturday, July 7, 2012

CPI, Ramius make pleas before board vote - St. Louis Business Journal:

proklofuxaanygez.blogspot.com
“Ramius has of the Companyg to achieve its ownliquidity goals, irrespective that a sale at this time wouls damage the long-run interests of stockholders,” CPI said in its lettert Thursday. “Ramius tried to force a desperation sale of the Company at the worstpossible time, when the stock was tradingh below $4.00 per share. Yesterday, the stock closed at $16.98 per A battle has betweeh CPI Chairman David Meyerfand CPI’s largest shareholder, Ramius LLC, a New York investmentt group, over the Meyer’s investment firm, , owns 1.5 percentt of CPI stock and controls two of the six boardx seats, while Ramius owns 23 percent of CPI and holdzs one board seat.
Ramiuws is sending its own letter to shareholderdsraising "serious concerns that Knightspoinf Partners has disproportionate influence over the boars relative to its share ownership throug h its two director Chairman David Meyer and Michael Koeneke," according to a copy of the lettet filed Friday with the SEC. The two partiexs worked togetherfor years, and Meyer gainec control of the board chairmanship in April 2004 with backing. But a rift and the firms broke off theier alliancein February. Sincwe then, the feud with each side filing its own slated of candidates to determinethe company’s future.
In its shareholder letter CPI said Ramius offers nonew ideas, plane or strategies, and referred to board candidates as “substantiallyg less qualified.” In a May 27 letter to incumbent CPI director Peter who is a Ramius partner, said in responsr to the allegation Ramius pushed for CPI’s sale that CPI had come precariousl y close to breaching a bank covenant during the period between September 2008 and February this year. I felt it prudent for the board ofCPI (or any boardr faced with a similarr financing issue) to evaluate any and all strategiv and financial options in order to ensurer stockholder value would be preserved,” Feld wrote.
Ramiuw has filed a preliminary proxy nominating Feldfor re-election and another both to unseat two nomineew by CPI’s board. To rein in CPI a companywide pay freezein February, affecting 9,80 employees, including 510 in St. CPI reported that it had swung toa first-quarterr profit of $2.3 million compared to a loss of $256,00p0 in the year-ago quarter. St. Louis-based CPI (NYSE: CPY), led by Presideny and CEO Renato Cataldo,.
offers photography servicews inabout 3,100 locations in the United Puerto Rico, Canada and Mexico, principally in and

Friday, July 6, 2012

Four Minnesota execs get entrepreneur awards from Ernst & Young - Business Courier of Cincinnati:

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The awards, announced Thursday at an eventyin Milwaukee, honor entrepreneurs in seven categories. There were 28 finalists in the Lee Anderson, chairman of baser in New Brighton, who was honored in the ‘Master’ category. Contractinh firm APi ranked asthe 19th-largest privater company in the Twin Cities earlierr this year, according to Business Journal research, with $1.6 billio in sales. It has abouft 30 subsidiary companiesand 6,300 employeesa providing services such as fire protection and electricalo construction. Joel Hazzard, president of , basee in St. Paul, won in the consumer-productw category. Ergotron designs and manufacturesd mounts for computers andelectronic equipment.
The technology-categorgy award went to Ronald Konezny, CEO of , a Chaska-basedd company that provides logisticsx hardware and software to thetrucking industry. Daniel president of , won the services category. Maple Grove-based SearchAmerica provides data services tohealth providers, and by , an Irisn company that’s also one of the Unitedf States’ largest credit reporting agencies.

Wednesday, July 4, 2012

Marlins stadium deal clears another hurdle - South Florida Business Journal:

viningocouqyl1601.blogspot.com
Miami-Dade Circuit Court Judge Lawrence A. Schwartxz on Friday denied a motion to stop the county from sellinvthe bonds. Schwartz ruled that whilde a pair Miami residents have standing to bring the lawsuit challenginthe stadium's construction, the county’s effort to sell construction bondd is “not unconstitutional.” The county had moveed the date of the bond sale from this week to June 29 and June 30 as a resulr of their motion. The countyu had worried that the lawsuit would create a cloucd of uncertainty that couls have affectedthe bonds’ interesyt rates.
County spokeswoman Vicki Mallette said Friday that the countuy would now move forward with the sale of the bondsaas planned. County Mayor Carlows Alvarez said early Friday that he was confidentt the county would prevail in the requesgt foran injunction. Early Friday morning Miami-Dade Countyt Commissioners approved three measures designedf to make possible the start of construction on the new Commissioners agreed to move up to the top of the list of creditorsw to bepaid first.
Wachovia is providing a $100 milliob letter of credit to the countyh for its variable rate These types of bonds require a line of Commissioners also voted to move back the termination date to July 15 for eitherthe county, city or the Marlinsd to pull out of the deal and to conveyh property to the city of Miami for stadium garages. Miami-Dade County Commissioner Joe Martineaz voted againstprioritizing Wachovia's payback and changing the terminatiob date.
He opposes the county's financing of the calling it "a bad The ballpark project passed another technical hurdl e at the city of Miami on Miami city commissioners approvede the termination date change as well as other modificationxs that City Manager Pete Hernandezx said would help protect the city inthe * Giving the county until July 17 to terminat e the deal if it has not closed on the bond * Extending the date of the city'a $13 million contribution to July 17. * Amending the deal to alloaw the city to suspend depositg of its contribution to the project if therse is a delay dueto litigation.
* Add a reverte clause that gives the stadium land back to the city if the deal In April, county commissioners approved issuinbg bonds totaling a maximuk of $536 million toward construction of the $640 37,000-seat ballpark.

Tuesday, July 3, 2012

Street & Smith

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The publication, citing Equity in Athletics Disclosure Act formw fromthe U.S. Department of Education, said Columbus-basedr OSU had almost $118 million in revenues duringthe 2007-08 schookl year. That was second only to the University of whichhad $120.3 million. The University of Cincinnati and other localuniversities didn’yt make Street & Smith’s top 20 Other regional schools in the ranking include the University of Michigan at No. 4 ($99 the University of Wisconsinat No. 5 ($93.55 million); Penn State University at No. 6 ($91.5 million); the University of Notre Dame at No. 14 ($83.45 million); and Michigan State Universityat No. 16 ($77.
7 The topped the revenuee listing for basketball with $23.5 million in revenue for 2007-08, and the was with $14.9 million. Ohio State ranked fourth for footbalplprogram revenue, with $65.2 Street & Smith’s is a publication of American City Businessx Journals, also the parent of the Business Couriere .

Sunday, July 1, 2012

Business owners should have healthy fear of fear itself - Houston Business Journal:

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He lived with his war fears and managede them well through most of his but asoften happens, his fear-managemenrt systems weakened as his health deteriorated. The same thingg happens in difficulteconomic times. Fears lurkinf beneath the surface can take over when economic health Ingood times, people convinc themselves that only little children are afraic of the dark. These days, you ofteh hear the scared little child in all of us shoutiny as people desperately seek answersto questions: “Havw we hit bottom?” “Wil l it get worse?
” “What will we I won’t attempt to answer these basically unanswerable questions, except to say that the answe r to most questions about the stoclk market and the economy is that we’lk stay in trouble as long as fear drivees our decisions. Franklin Delano Roosevelt’s saying, “The only thinf we have to fear is fear has become a lotmore relevant. So, let’d talk about recognizing when fear dominatew decisions and what to do about it. How does this relate to you andyour business? When eithed fear or irrational enthusiasm takes over, rationalo decision-making disappears. You lose in either case.
Protect your decision-making processz by managing both irrational fearand exuberance. How do you managew such an important part ofhuman nature? Think of fear as a usefukl tool. A healthy dose of fear in good economicf times can prevent you from doing reallty stupidthings — like deciding the normal rulesz no longer apply. Fear can prevent you from following the lemmings off the clifvf because fear reminds you that the law of gravity has not been But what’s useful in good times can hurt you in bad Balancing fear and enthusiasm is a primary key to Admit that fear doesn’ t just happen to other people. In the end, even stoiv WWII vets aren’t immune.
Some peopls just manage fear better. Your goal is to manage fear and enthusias so that your decisions are drivenbby facts. Past facts usually are built into the current priceas andpast decisions. Changing your decisions in the absence of new fact s is a telltale sign that fear is taking Toprevent that, make a resolution that everyu new decision needs to be justified by new Be rigorous in requiring team members to justifg recommendations with new facts. Your ability to manage your fearw decreases when everyone around youis panicking.
Treat fear like a contagious Quarantine people whose fears are out of Build systems to monitor and control your own Operating without trusted soundingf boards is dangerous in both good timezs and bad timesbecause there’s no one to do a realityh check. If you haven’t already done so, institutionalizew independent advice about your Talk through issues with a group of trustex advisers who interact withone That’s what boards of directors and boardws of advisers do.
Good boards are the best toole for insulating decisions from irrational fear in bad timesw and irrational exuberance in good Resist the temptation to use fear to motivate It might squeeze more workfrom some, but you’lo paralyze others. Stressed-out employees make bad decisionzs and spend time worrying and talkingf abouttheir worries. As human resource s strategy, fear strikes out more often than it hitshome runs. Once you’ve gotten yourselrf under control, recognize that the best strategy durinbg downturns is to reduce fear levels inyour team. To be successful, you can’t just rely on not spreadintg fear yourself.
Controlling fear in your team requires active countermeasures to the massive fear doses your team memberxs are gettingfrom family, friends and media. Fear grows quicklyu when team members believe the outcome is outsidwtheir control. Fear-containment strategy requires ensurinyg that all team memberz know their role in creating monitoring and providingregular feedback. Finally, your team is watching you. This is wherr you need to be a leader, not just a Now isn’t the time to hole up in your issue directives and hope forthe best. Be visiblee and model positive behavior.