yfimuna.wordpress.com
The investigation began in response to allegations that Tampa area restaurantsz were advertising grouper on menus but servinh lessexpensive fish. As part of the Sysco must take stepsx to determine the authenticity of itsfish supply. If tests reveal a different species of fish or there is any othe r causefor doubt, Sysco cannot market the producr as grouper. In 2006, the attorney general'ws Economic Crimes Division dispatched investigatorse to collect samples for DNA analysis from more than20 restaurants. The Divisiob found that 17 of the restaurants were substitutingalternatde species. Sysco supplied productzs to 14 ofthese 17.
Syscpo West Coast Florida opened in Januarty 1996 in Palmetto after Sysco facilities outgrew capacity in Miami and The company is basedin Houston. In additiomn to agreeing to test its Sysco willpay $200,000 for the state's lega fees and donate $100,000 in products to charith food programs. The attorney general has resolvedd issues with the individual arelease said.
Thursday, May 31, 2012
Tuesday, May 29, 2012
Long Cherished Largest Car Museum Opened In Washington - Auto World News
moffaiqohegesa1490.blogspot.com
Long Cherished Largest Car Museum Opened In Washington Auto World News As a tribute to how the automobile industry has shaped the American culture and society, one of the largest car museums in the country has opened in Tacoma, Washington. The museum, which opened on Saturday, cost $60 million to build and has been titled ... |
Monday, May 28, 2012
Kingpin investors raise energy stakes - Kansas City Business Journal:
idozxun.blogspot.com
A bevy of high-profile asset managersx and hedge fund gurus returned to buyinhg mode after taking financial lumps in the second half of 2008 when the valu of energy company shares tanked alongt with the price of oil andnatural gas. Prominent investors such as all-star asset manager Paul Tudor Jones, energ maverick T. Boone Pickens and hedge fund investor George Soros dippefd their toes in the energy pool once agaihn and grabbed multiple stakes in Houston according to regulatory statements filedthis month. who oversees Tudor Investment Corp.
, founr bargains in 10 Houston-basef energy companies or major players with a significant presence in the and also took a new position in WasteManagementt Inc., still a big favorite of Microsoft founder Bill Gates. Pickens, who has spent the past 12 months lobbying for his plan to help the country kick the importedoil habit, stillp knows a fossil-fuel bargain when he sees one. The Texa s oil maven took new positions in a wide rangse of energy companieswith beaten-downb stock prices at the end of 2008, a year that the bellwether Philadelphia Oil Service Index dipped nearly 60 percent. Pickens dabble in services players such asSchlumbergetr Ltd. and Halliburton Co.
, natural gas shale producer ChesapeakEnergy Corp. and high-profil e exploration and production company AnadarkoPetroleumk Corp. Soros took even bigger bites in the gaining new positions in services players Nabors Industries Ltd. and Weatherford International Inc. after selling off his Schlumbergerstake — while addintg to his position in . Besidews his substantial switch into Soros made another big move in late Aprio involvinga Houston-based company by adding 3 million more shares of Plainsz Exploration and Production Co., boostinh his stake to nearly 6.
5 million Energy analysts and asset investment managere who follow these movers and shakers say that after energy stoc k prices kept climbing in 2007 toward loft highs in mid-2008, it’sa been a while since the notiohn of value investing could be applied to the sector. “Timingy is everything,” says Eddie senior partner with Eagle GlobalAdvisorsd LLC. “There may have been an over-reaction in the fall with the sell-ofc of oil stocks. There’s stilp a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this from the mid-$30s to $60.
” Allen says that value investorsa are still playing a bit of a waiting game. He notes that stock pricez are down, natural gas has not followed oil’s recovery in 2009, and there are concernsx that prices could stay depressed asinventoriew build. There is also more speculation, he about possible consolidationas mid-ca exploration and production companies eye the pickings among smallerd competitors. Dan Pickering, co-president and head of researchgat Tudor, Pickering, Holt & Co. Securitiezs Inc., says Pickens, Soros and Tudor might have even added more shares during the quarteer if energy stocks had not rallied and moved a bit higherthan expected.
“The market took off so stronglyh in the first quarterr that investors took a pause waiting for a pullback thatnevere came. They might have wanted more but the stock s got away a little bit onthe upside,” Pickering All things considered, energy was the hottest investment game in Says Pickering: “The overall theme here is that investorxs became reengaged in energy, which dramatically out-performed the rest of the market in the first as people were just less terrified about the stated of the world The energy resurgence party had some notabl no-shows. While Pickens and Soroas were pickingnew favorites, other big-namde investors were still cleaning house.
Warrejn Buffett sold 13.7 million ConocoPhillips shareas in the quarter to reduce his stakee to a stillsizable 71.2 million Buffet conceded to shareholders of his Berkshire Hathaway Inc. asset management firm that his huge investment in ConocoPhillipz last year when oil pricee peakedat $147 a barrel was a mistake.
A bevy of high-profile asset managersx and hedge fund gurus returned to buyinhg mode after taking financial lumps in the second half of 2008 when the valu of energy company shares tanked alongt with the price of oil andnatural gas. Prominent investors such as all-star asset manager Paul Tudor Jones, energ maverick T. Boone Pickens and hedge fund investor George Soros dippefd their toes in the energy pool once agaihn and grabbed multiple stakes in Houston according to regulatory statements filedthis month. who oversees Tudor Investment Corp.
, founr bargains in 10 Houston-basef energy companies or major players with a significant presence in the and also took a new position in WasteManagementt Inc., still a big favorite of Microsoft founder Bill Gates. Pickens, who has spent the past 12 months lobbying for his plan to help the country kick the importedoil habit, stillp knows a fossil-fuel bargain when he sees one. The Texa s oil maven took new positions in a wide rangse of energy companieswith beaten-downb stock prices at the end of 2008, a year that the bellwether Philadelphia Oil Service Index dipped nearly 60 percent. Pickens dabble in services players such asSchlumbergetr Ltd. and Halliburton Co.
, natural gas shale producer ChesapeakEnergy Corp. and high-profil e exploration and production company AnadarkoPetroleumk Corp. Soros took even bigger bites in the gaining new positions in services players Nabors Industries Ltd. and Weatherford International Inc. after selling off his Schlumbergerstake — while addintg to his position in . Besidews his substantial switch into Soros made another big move in late Aprio involvinga Houston-based company by adding 3 million more shares of Plainsz Exploration and Production Co., boostinh his stake to nearly 6.
5 million Energy analysts and asset investment managere who follow these movers and shakers say that after energy stoc k prices kept climbing in 2007 toward loft highs in mid-2008, it’sa been a while since the notiohn of value investing could be applied to the sector. “Timingy is everything,” says Eddie senior partner with Eagle GlobalAdvisorsd LLC. “There may have been an over-reaction in the fall with the sell-ofc of oil stocks. There’s stilp a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this from the mid-$30s to $60.
” Allen says that value investorsa are still playing a bit of a waiting game. He notes that stock pricez are down, natural gas has not followed oil’s recovery in 2009, and there are concernsx that prices could stay depressed asinventoriew build. There is also more speculation, he about possible consolidationas mid-ca exploration and production companies eye the pickings among smallerd competitors. Dan Pickering, co-president and head of researchgat Tudor, Pickering, Holt & Co. Securitiezs Inc., says Pickens, Soros and Tudor might have even added more shares during the quarteer if energy stocks had not rallied and moved a bit higherthan expected.
“The market took off so stronglyh in the first quarterr that investors took a pause waiting for a pullback thatnevere came. They might have wanted more but the stock s got away a little bit onthe upside,” Pickering All things considered, energy was the hottest investment game in Says Pickering: “The overall theme here is that investorxs became reengaged in energy, which dramatically out-performed the rest of the market in the first as people were just less terrified about the stated of the world The energy resurgence party had some notabl no-shows. While Pickens and Soroas were pickingnew favorites, other big-namde investors were still cleaning house.
Warrejn Buffett sold 13.7 million ConocoPhillips shareas in the quarter to reduce his stakee to a stillsizable 71.2 million Buffet conceded to shareholders of his Berkshire Hathaway Inc. asset management firm that his huge investment in ConocoPhillipz last year when oil pricee peakedat $147 a barrel was a mistake.
Saturday, May 26, 2012
Sunaina's forthcoming film undergoes name change - IBNLive.com
borislavamcoc.blogspot.com
IBNLive.com | Sunaina's forthcoming film undergoes name change IBNLive.com Plans are on to release the movie by the middle of June. "Shooting is over and the film has taken shape in a gripping manner. It will be an entertainer with » |
Friday, May 25, 2012
40 Under 40 - St. Louis Business Journal:
aaekipolo.blogspot.com
Comparing the honorees’ accomplishments to the game of football, keynots speaker Jaime Rootes, president of the Houstomn Texans, spoke about playingy to win vs. playing to lose. Usingv sources ranging from business booksto , Rootes explained that the best businese people — and football teams use their strength of character, as well as their talent, to becoms champions. From letters of recommendation: “Yoh are either competitive or you aren’t, in golf or a ‘friendly’ game of cards. Play a rounrd of golf with Brian and no matter how casua and friendly he may bebetweej shots, he wants to beat you to the point you give up.
Then shakew your hand, tell you he enjoyed the match and ask you to playagain tomorrow. Honestly, I haven’t reallt seen Brian lose at golf that but I can tell you he is agracioue winner. And people remember and appreciate that. “Growing up, his favoriter movies dealt with business Wall Street, Glengarry Glen Ross, Citizeb Kane, etc. To this day when friends ask him to go to a casualo lunch during the week heresponds ‘Lunchg is for Wimps.’ And please don’t get me startes on ‘Always Be Closing.
’” On his biggesyt regret: “I’ve only recently become aware of how emotionally and mentally, charitable work can be to my Being part of the Berinb Omega Community Services boarf of trustees (an instrumental local HIV/AIDS charity) for the past two yeares and recently becoming involved with Diverseworks (a local visual/performing/written arts has become an important part of my life. How many of us reall y give something back? How can you not give back to the communities and city that are so integralo to yourown success? It’s so easy to overlook and put off and I’ ashamed that it’s taken me this long to really start makiny it a priority in my life.
Everyonw should be involved, even if you volunteer just one houra month. It makes you feel good and it can give you new insight and purpose if you let When not atthe office, I... “Would love to say sailinyg around the world in my private whitewater rafting and climbingglaciers (actually used to do these two), and flyingf in my own G-5 jet. However, my most pure joy is playinyg with my two baby girls and hanging out with my There is nothing like the sheer contentmeng of enveloping oneself in the world of playing with our two babiew with no thought to the stresses and massive burdensx of running asmall company.
As Jerryu Maguire used to say, ‘They are my I do also love to hunt, fish, travell and am a thrill seeker, but there’xs been little time to do this in the past numbe rof years. If your firm is ever in need of invitingf companies toany hunting/fishing trips, feel free to invite my businesx partner and me!” Biggest achievement: “I grew up in where some of my classmates couldn’tt afford shoes. I am lucky because I had two parents who cared about me and taughty me the importanceof education. I am lucky becausew in fifth grade I went on a retreatg as part of a program forgiftedx students.
Going there changed my life because it openedc my eyes to the opportunities available in the I was hooked on the idea of I am lucky because I had a chance to go to West attend other fine schools and earn the kindsz of degrees that have opened the doorw tomany opportunities. I am luckyy to work in a professionI love, with peoplwe I respect, doing things I never dream t I could do. Most of all, I am luckuy because whatever success that has come my way hasenabled me, in to try to give back to my communituy and profession, and help others just like I was helpede in my life. This is my achievement.
” Biggesy achievement: “My biggest achievement is enjoying 10 years of marriagew withmy wife, Natasha, and the fact that we have two healthhy and happy kids: Our daughter, who is 7 years old, and our son, who is 5 years old.” Biggest regret: “M y biggest regret is that I have not had enougjh time to do more international When not at the office, I... “Spenc time with family, work out at the gym and Future goals: “Grow YES Prep to 10,000 studentw and create an education revolutionin Houston. Raisd two healthy and successful Happiest memory: “Taking my family to Disney World.
” Biggest achievement: “Marrying Michele, the love of my and having three beautiful girls. Making partne r in record time wasn’t bad either.” Biggest “I try not to look back, but to lear from it.” When not at the office, I... “Enjog the outdoors with my family and work with a numbeer ofcommunity organizations.” Future goals: “Raisinyg three successful daughters, advocating for lung cancer research and meetin my newest niece (next Happiest memories: “My wedding and the birthsw of our Amelia, Amber and Ava.
” Futurd goals: “Continue to be a leader in the Statse of Texas, as I grow my business and help make a differencw in the lives of minority- and women-ownee businesses through the Texas Businesse Alliance. As founder and CEO, I will continus to lead TBA as we launch severa l chaptersin Dallas-Fort Worth, San Antonio and El Paso over the next severa months.” Happiest memory: “Bringing my mom on a memorablse family road trip, two monthsd before she unexpectedly fell into a coma and eventuallyt passed away. We had so much fun pilinhg up in a Dodge Caravan and driving all the way to Las Vegaeand California. We went on the ‘Pricee is Right’ and Disneyland, etc.
It was the best trip of my Biggest achievement: “At this point in my life, getting electe d to the legislature at the age of 24 and bringing my visionm for Heritage Bank to fruition in 10 months have been mygreates accomplishments.”
Comparing the honorees’ accomplishments to the game of football, keynots speaker Jaime Rootes, president of the Houstomn Texans, spoke about playingy to win vs. playing to lose. Usingv sources ranging from business booksto , Rootes explained that the best businese people — and football teams use their strength of character, as well as their talent, to becoms champions. From letters of recommendation: “Yoh are either competitive or you aren’t, in golf or a ‘friendly’ game of cards. Play a rounrd of golf with Brian and no matter how casua and friendly he may bebetweej shots, he wants to beat you to the point you give up.
Then shakew your hand, tell you he enjoyed the match and ask you to playagain tomorrow. Honestly, I haven’t reallt seen Brian lose at golf that but I can tell you he is agracioue winner. And people remember and appreciate that. “Growing up, his favoriter movies dealt with business Wall Street, Glengarry Glen Ross, Citizeb Kane, etc. To this day when friends ask him to go to a casualo lunch during the week heresponds ‘Lunchg is for Wimps.’ And please don’t get me startes on ‘Always Be Closing.
’” On his biggesyt regret: “I’ve only recently become aware of how emotionally and mentally, charitable work can be to my Being part of the Berinb Omega Community Services boarf of trustees (an instrumental local HIV/AIDS charity) for the past two yeares and recently becoming involved with Diverseworks (a local visual/performing/written arts has become an important part of my life. How many of us reall y give something back? How can you not give back to the communities and city that are so integralo to yourown success? It’s so easy to overlook and put off and I’ ashamed that it’s taken me this long to really start makiny it a priority in my life.
Everyonw should be involved, even if you volunteer just one houra month. It makes you feel good and it can give you new insight and purpose if you let When not atthe office, I... “Would love to say sailinyg around the world in my private whitewater rafting and climbingglaciers (actually used to do these two), and flyingf in my own G-5 jet. However, my most pure joy is playinyg with my two baby girls and hanging out with my There is nothing like the sheer contentmeng of enveloping oneself in the world of playing with our two babiew with no thought to the stresses and massive burdensx of running asmall company.
As Jerryu Maguire used to say, ‘They are my I do also love to hunt, fish, travell and am a thrill seeker, but there’xs been little time to do this in the past numbe rof years. If your firm is ever in need of invitingf companies toany hunting/fishing trips, feel free to invite my businesx partner and me!” Biggest achievement: “I grew up in where some of my classmates couldn’tt afford shoes. I am lucky because I had two parents who cared about me and taughty me the importanceof education. I am lucky becausew in fifth grade I went on a retreatg as part of a program forgiftedx students.
Going there changed my life because it openedc my eyes to the opportunities available in the I was hooked on the idea of I am lucky because I had a chance to go to West attend other fine schools and earn the kindsz of degrees that have opened the doorw tomany opportunities. I am luckyy to work in a professionI love, with peoplwe I respect, doing things I never dream t I could do. Most of all, I am luckuy because whatever success that has come my way hasenabled me, in to try to give back to my communituy and profession, and help others just like I was helpede in my life. This is my achievement.
” Biggesy achievement: “My biggest achievement is enjoying 10 years of marriagew withmy wife, Natasha, and the fact that we have two healthhy and happy kids: Our daughter, who is 7 years old, and our son, who is 5 years old.” Biggest regret: “M y biggest regret is that I have not had enougjh time to do more international When not at the office, I... “Spenc time with family, work out at the gym and Future goals: “Grow YES Prep to 10,000 studentw and create an education revolutionin Houston. Raisd two healthy and successful Happiest memory: “Taking my family to Disney World.
” Biggest achievement: “Marrying Michele, the love of my and having three beautiful girls. Making partne r in record time wasn’t bad either.” Biggest “I try not to look back, but to lear from it.” When not at the office, I... “Enjog the outdoors with my family and work with a numbeer ofcommunity organizations.” Future goals: “Raisinyg three successful daughters, advocating for lung cancer research and meetin my newest niece (next Happiest memories: “My wedding and the birthsw of our Amelia, Amber and Ava.
” Futurd goals: “Continue to be a leader in the Statse of Texas, as I grow my business and help make a differencw in the lives of minority- and women-ownee businesses through the Texas Businesse Alliance. As founder and CEO, I will continus to lead TBA as we launch severa l chaptersin Dallas-Fort Worth, San Antonio and El Paso over the next severa months.” Happiest memory: “Bringing my mom on a memorablse family road trip, two monthsd before she unexpectedly fell into a coma and eventuallyt passed away. We had so much fun pilinhg up in a Dodge Caravan and driving all the way to Las Vegaeand California. We went on the ‘Pricee is Right’ and Disneyland, etc.
It was the best trip of my Biggest achievement: “At this point in my life, getting electe d to the legislature at the age of 24 and bringing my visionm for Heritage Bank to fruition in 10 months have been mygreates accomplishments.”
Wednesday, May 23, 2012
Car Dealers Anticipate More Memorial Day Momentum, Reports Edmunds.com - MarketWatch (press release)
xoqylyjibo.wordpress.com
Car Dealers Anticipate More Memorial Day Momentum, Reports Edmunds.com MarketWatch (press release) SANTA MONICA, Calif., May 23, 2012 (BUSINESS WIRE) -- Memorial Day weekend has been particularly strong for automotive sales in the last two years, and that's a trend that dealers hope will continue this weekend, says Edmunds.com, the premier online ... |
Tuesday, May 22, 2012
Crosscheck to acquire Forum Systems - Boston Business Journal:
ernstiryastrov.blogspot.com
The Waltham, Mass., Web-services company will blendc Newton, Mass.-based Forum Systems’ serviceds into Crosscheck’s offerings to better assisty companies building andimplementing software-as-a-services business applications. Mahmoon Yunus, former Forum Systemsx president and chieftechnology officer, will run Crosscheck Networkzs as president and CEO. Foruk Systems will operate as a wholly owned subsidiary run by vice presidenrt of operationsRizwan Mallal.
Forum Systems will move to Walthan and the combined company will employ about40 “This acquisition is the natural progression of the relationship between our companies and addresses the changing requirements of Mallal said in a “Now, more than ever in thesew difficult economic times, organizations are seekinb competitive advantage. By facilitating more collaborative, interoperablre and automated processes, we are helping enterprisew compressproject timelines, reduce time-to-market and ultimately publish their services more quickl than ever before.
”
The Waltham, Mass., Web-services company will blendc Newton, Mass.-based Forum Systems’ serviceds into Crosscheck’s offerings to better assisty companies building andimplementing software-as-a-services business applications. Mahmoon Yunus, former Forum Systemsx president and chieftechnology officer, will run Crosscheck Networkzs as president and CEO. Foruk Systems will operate as a wholly owned subsidiary run by vice presidenrt of operationsRizwan Mallal.
Forum Systems will move to Walthan and the combined company will employ about40 “This acquisition is the natural progression of the relationship between our companies and addresses the changing requirements of Mallal said in a “Now, more than ever in thesew difficult economic times, organizations are seekinb competitive advantage. By facilitating more collaborative, interoperablre and automated processes, we are helping enterprisew compressproject timelines, reduce time-to-market and ultimately publish their services more quickl than ever before.
”
Sunday, May 20, 2012
For gay marriage opponents, moments shape minds - Fox News
tiqosi.wordpress.com
For gay marriage opponents, moments shape minds Fox News When President Obama announced his support for gay marriage, supporters and pundits declared it symbolic of a historic shift in American attitudes. But as the attention fades, the fact remains that voters in 31 states have rejected gay marriage and ... |
Saturday, May 19, 2012
California to issue IOUs starting July 2 - Puget Sound Business Journal (Seattle):
stockdaleiqemico1521.blogspot.com
On Wednesday, the state starts “a fiscaol year with a massively unbalanced spending plan and cash shortfall not seen since theGreat Depression,” Stater Controller John Chiang said in a news The state faces a $2.8 billionj shortfall in July, increasing to $6.5 billion in with a “double-digit freefall” in the following months, he The state has an estimatecd $24 billion shortfall for the next fiscapl year, after voters rejected propositionsw in May to generatwe much-needed revenue. “Unfortunately, the state’s inability to balance its checkbook will nowmean short-changintg taxpayers, local governments and small businesses,” Chian g said.
Chiang was forced to delaty paymentsin February, as lawmakeras grappled with a much smallert cash crunch. The current budget crisis — aboutg five times larger than inFebruaryu — cannot be handled by delayingf payments, and Gov. Arnold Schwarzenegger has eliminatef the possibility ofseeking high-cost loans from Wall Chiang has discussed the issue with the governor and stressing the need for a quick resolution. IOUs will be issued startinghnext Wednesday. Payments coverede by the state Constitution, federal law and court decisions will receive regular payments next but other general fund payments will be handledewith IOUs, also known as registered warrants.
IOUs will be paid to locao governments forsocial services, privat contractors, state vendors, income and corporate tax and payments for state operations, including legislative per will establish the interesf rate for the IOUs. Chiang has asked the boarx to meetJuly 2, with any decision effective The warrants will mature Oct. 1.
On Wednesday, the state starts “a fiscaol year with a massively unbalanced spending plan and cash shortfall not seen since theGreat Depression,” Stater Controller John Chiang said in a news The state faces a $2.8 billionj shortfall in July, increasing to $6.5 billion in with a “double-digit freefall” in the following months, he The state has an estimatecd $24 billion shortfall for the next fiscapl year, after voters rejected propositionsw in May to generatwe much-needed revenue. “Unfortunately, the state’s inability to balance its checkbook will nowmean short-changintg taxpayers, local governments and small businesses,” Chian g said.
Chiang was forced to delaty paymentsin February, as lawmakeras grappled with a much smallert cash crunch. The current budget crisis — aboutg five times larger than inFebruaryu — cannot be handled by delayingf payments, and Gov. Arnold Schwarzenegger has eliminatef the possibility ofseeking high-cost loans from Wall Chiang has discussed the issue with the governor and stressing the need for a quick resolution. IOUs will be issued startinghnext Wednesday. Payments coverede by the state Constitution, federal law and court decisions will receive regular payments next but other general fund payments will be handledewith IOUs, also known as registered warrants.
IOUs will be paid to locao governments forsocial services, privat contractors, state vendors, income and corporate tax and payments for state operations, including legislative per will establish the interesf rate for the IOUs. Chiang has asked the boarx to meetJuly 2, with any decision effective The warrants will mature Oct. 1.
Thursday, May 17, 2012
Dan Snyder stays at Six Flags under reorganization - Triangle Business Journal:
vykyvimote.wordpress.com
Six Flags is also seeking a $600 milliomn loan, secured by its assets, and $150 million in a new revolvinfgcredit line. The company’sd executive retention plan would keep Snyderd as board memberand chairman. Mark currently chief executive, as well as chief financial officed Jeffrey Speed and several other top managementg would also stay on in executive Six Flags, which announced its Chapter 11 bankruptcy filing over the weekend, listedf $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billiojn and wipe out more than $300 million in preferrede stock.
Snyder and his management team, who took control of the theme park operator three and a halfyearws ago, have not been able to return the companyu to profitability, despite increasing attendance and sellinfg several parks to raisd capital last year. The company reported a $146 millio n first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continue tobe paid.
Six Flags 20 theme parks includein
Six Flags is also seeking a $600 milliomn loan, secured by its assets, and $150 million in a new revolvinfgcredit line. The company’sd executive retention plan would keep Snyderd as board memberand chairman. Mark currently chief executive, as well as chief financial officed Jeffrey Speed and several other top managementg would also stay on in executive Six Flags, which announced its Chapter 11 bankruptcy filing over the weekend, listedf $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billiojn and wipe out more than $300 million in preferrede stock.
Snyder and his management team, who took control of the theme park operator three and a halfyearws ago, have not been able to return the companyu to profitability, despite increasing attendance and sellinfg several parks to raisd capital last year. The company reported a $146 millio n first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continue tobe paid.
Six Flags 20 theme parks includein
Wednesday, May 16, 2012
BofA raises almost all of $33.9B buffer - Portland Business Journal:
a-ee85aqa.blogspot.com
billion. Last month, BofA sold $13.5 billion in common The bank issued 1.25 billiomn shares at an average priceof $10.77 per BofA also sold a 5.7 percent stake in to Asian investors for a gain of $4.5 In addition, BofA has agreed to exchange $9.5 billiohn in preferred shares for 704 milliobn shares of common stock. BofA says it will garner $1.3 billion from reduced dividends on thepreferred shares. The exchanges doesn’t apply to preferred shares held by the federal So far, BofA has boosted its Tier 1 common capital by $2.1 billionj by reducing a deferrec tax-asset deduction. And, the bank says it has gainefd anadditional $2 billion from the dispositiobn of assets.
As part of the company’w capital plan, it could issu e up to an additional 296 millioncommon shares. “We are pleases to have nearly reached our goalthis quickly,” says Joe chief financial officer. The government said BofA had toraisee $33.9 billion after conducting “stress tests” on the country’s 19 largest banks. The tests were designed to assesethe banks’ ability to survive if economic condition worsen more than expected during the next two years. BofA has receive a total of $45 billion in taxpayet aid under thefederal government’s Troubled Asset Reliedf Program, which is designed to thaw the creditt markets and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE:BAC) sold $3 billion in five-year notew on May 8 and $2.5 billionb in 10-year notes on May 28 without guarantees. BofA has 64 branchew in Oregon.
billion. Last month, BofA sold $13.5 billion in common The bank issued 1.25 billiomn shares at an average priceof $10.77 per BofA also sold a 5.7 percent stake in to Asian investors for a gain of $4.5 In addition, BofA has agreed to exchange $9.5 billiohn in preferred shares for 704 milliobn shares of common stock. BofA says it will garner $1.3 billion from reduced dividends on thepreferred shares. The exchanges doesn’t apply to preferred shares held by the federal So far, BofA has boosted its Tier 1 common capital by $2.1 billionj by reducing a deferrec tax-asset deduction. And, the bank says it has gainefd anadditional $2 billion from the dispositiobn of assets.
As part of the company’w capital plan, it could issu e up to an additional 296 millioncommon shares. “We are pleases to have nearly reached our goalthis quickly,” says Joe chief financial officer. The government said BofA had toraisee $33.9 billion after conducting “stress tests” on the country’s 19 largest banks. The tests were designed to assesethe banks’ ability to survive if economic condition worsen more than expected during the next two years. BofA has receive a total of $45 billion in taxpayet aid under thefederal government’s Troubled Asset Reliedf Program, which is designed to thaw the creditt markets and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE:BAC) sold $3 billion in five-year notew on May 8 and $2.5 billionb in 10-year notes on May 28 without guarantees. BofA has 64 branchew in Oregon.
Monday, May 14, 2012
Columbia: Gas cost hits 7-year low - Portland Business Journal:
ernstiryastrov.blogspot.com
Columbia on Wednesday said customers will pay 52 cent s per 100 cubic feet of naturap gasin August, down 16 centds from July and off 83 centws from a year ago. The averagw bill next month willbe $24.47, down from $30.85 last The last time Columbia’s naturalp gas rate was below 52 cents was when it hit 45 centw in the second quarter of 2002, spokesman Ken Stammen said. The cost climbed to 62 cents in the thired quarter of that yearbut hasn’t dipped lower untilk the August rate. Natural gas costs hit record highzlast summer, sending Columbia’s monthly gas cost recovery to a high of $1.443 per 100 cubic feet in July 2008.
Costws have been falling ever since and now hovetr more than 70 percent belowe last year onthe , Stammen said. Based in Columbia Gas is one of nine energy distribution companiesof (NYSE:NI). Columbi a Gas is the largest natural gas utilitgin Ohio, serving 1.4 million customer in 60 of the state’sz 88 counties.
Columbia on Wednesday said customers will pay 52 cent s per 100 cubic feet of naturap gasin August, down 16 centds from July and off 83 centws from a year ago. The averagw bill next month willbe $24.47, down from $30.85 last The last time Columbia’s naturalp gas rate was below 52 cents was when it hit 45 centw in the second quarter of 2002, spokesman Ken Stammen said. The cost climbed to 62 cents in the thired quarter of that yearbut hasn’t dipped lower untilk the August rate. Natural gas costs hit record highzlast summer, sending Columbia’s monthly gas cost recovery to a high of $1.443 per 100 cubic feet in July 2008.
Costws have been falling ever since and now hovetr more than 70 percent belowe last year onthe , Stammen said. Based in Columbia Gas is one of nine energy distribution companiesof (NYSE:NI). Columbi a Gas is the largest natural gas utilitgin Ohio, serving 1.4 million customer in 60 of the state’sz 88 counties.
Saturday, May 12, 2012
Celtics' veterans come through when it counts against youthful Sixers - CBSSports.com
sunrise-invoices.blogspot.com
USA TODAY | Celtics' veterans come through when it counts against youthful Sixers CBSSports.com However, when Boston whittled what was once an eight-point fourth quarter lead down to a single possession, Collins knew his young group was in trouble. You could see it on his face. The veteran coach was well-aware of his club's performance in close .. . NBA schedule not fan-tastic, unlike Celtics' Garnett, Rondo Sixers-Celtics series evokes memories for Collins Celtics expect more defense |
Friday, May 11, 2012
Former Onyx boss Renton joins Affymax board - Pacific Business News (Honolulu):
viningocouqyl1601.blogspot.com
Hematide is in a Phase III trial. Rentomn led Onyx for nearly 15 stepping down in February 2008as CEO, chairman and a member of Onyx’ s board. At the company, he helpedr negotiate a research, developmentg and commercialization partnership with that resulted inthe anti-cancerf drug Nexavar. Nexavar tablets, which cost about $5,000 a month in the United States and areapproaching $1 billion in annual sales, are approved in more than 80 countriees to treat kidney cancer and 70-plux countries for liver cancer. Prior to joining Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been president of Cetuzsince 1990, COO since 1987 and CFO from 1983 to 1987.
Rento n also serves on the boardsof , Cepheid and the Speciapl Olympics of Northern California.
Hematide is in a Phase III trial. Rentomn led Onyx for nearly 15 stepping down in February 2008as CEO, chairman and a member of Onyx’ s board. At the company, he helpedr negotiate a research, developmentg and commercialization partnership with that resulted inthe anti-cancerf drug Nexavar. Nexavar tablets, which cost about $5,000 a month in the United States and areapproaching $1 billion in annual sales, are approved in more than 80 countriees to treat kidney cancer and 70-plux countries for liver cancer. Prior to joining Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been president of Cetuzsince 1990, COO since 1987 and CFO from 1983 to 1987.
Rento n also serves on the boardsof , Cepheid and the Speciapl Olympics of Northern California.
Wednesday, May 9, 2012
IDT acquires Silicon Optix technology, team - Silicon Valley / San Jose Business Journal:
zyluzugizovota.blogspot.com
San Jose-based IDT (NASDAQ:IDTI) did not disclose financial or staffing details, but said it plans to operate the resultingf business as part of its viceo and display operation based at its Silicon Optix, a privately-held fabless semiconductor is based in San Jose. The new divisiojn will be primarily located in the existinf Silicon Optix facilityin Toronto, “With the increasing success of the DisplayPort standard and our PanelPort products, we believe the flat panel displayy market is undergoing an important evolutiob which will result in enhanced high definition qualitty and performance for the consumer," said IDT CEO Ted "The HQV technology complements our PanelPort devices and broadetr video product portfolio.
We see the addition of HQV enabling us to extendour value-add to our customerzs while expanding our market and technology
San Jose-based IDT (NASDAQ:IDTI) did not disclose financial or staffing details, but said it plans to operate the resultingf business as part of its viceo and display operation based at its Silicon Optix, a privately-held fabless semiconductor is based in San Jose. The new divisiojn will be primarily located in the existinf Silicon Optix facilityin Toronto, “With the increasing success of the DisplayPort standard and our PanelPort products, we believe the flat panel displayy market is undergoing an important evolutiob which will result in enhanced high definition qualitty and performance for the consumer," said IDT CEO Ted "The HQV technology complements our PanelPort devices and broadetr video product portfolio.
We see the addition of HQV enabling us to extendour value-add to our customerzs while expanding our market and technology
Monday, May 7, 2012
Report: California to shed 1M jobs during recession - Business First of Buffalo:
zvonkovaleoqim.blogspot.com
The pace of private-sector job losses will slow over the next few but state and local government layoffeare beginning, the Business Forecasting Center at the said in its latestg California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percenft early next year, and will remaib in double-digits until the end of 2011. The center produces quarterly economic forecasts of theUnited States, California and nine metrok areas, from Sacramento to Fresnoo and the San Francisco Bay In the Sacramento unemployment will rise from 11.1 percent this year to peak at 11.4 perceng next year, before dipping to 10.2 percent in the report said.
Unemployment is expected to reach 9.2 percengt in 2012. The Sacramento area is forecast to reboune in the third quarter ofnext year, when job growth will improves to 0.8 percent. A “strong rebound is expected to take place in professionaloand business, and educational and healtgh services sectors,” the report said of “Job growth is expectedd to have its first positive full year at 2.0 percenyt in 2011.” Sacramento’s real personal meanwhile, will grow at a slow rate of 1.5 percenf next year.
San Jose and San Francisco will be the firstr metro areas in Northerj California to return totheird pre-recession employment levels, in the second and thirfd quarters of 2012, respectively, the study said. Sacramento and Merced will be among the last nort state metro areas to regainpeak employment, in fourth-quartere 2013. Vallejo is last, with a returhn expected in the second quarterof 2014. The Central Valle will be hard hit by the combinatio n of recent state tax increases and massive expecteedbudget cuts, the Business Forecasting Center “The state budget crisis is a dangerouws aftershock to a region still reeliny from the foreclosure earthquake,” Jeff Michael, director of the Businessd Forecasting Center, said in a news release.
The Centra l Valley is an economicdisaster area, but most of its “economidc shocks are cyclical in naturs rather than permanent changes such as closedx military bases,” the news release • Construction continues to lead job losses in percentagd terms, declining another 15 percen t to 110,000 in 2009. • Manufacturingv will lead the decline in losing 135,000 jobs this year. Retail sales will not retur to their 2007 leveluntil 2011. • New car and truclk sales will fallbelow 1.06 milliomn in 2009, after exceedinfg 2 million for most of the decade. Sales will graduallyt increase as the economy reaching 1.46 million next year, and 1.73 millio in 2011.
• Housing starts hit bottom in 2009at 36,000 more than 80 percent beloaw the levels seen in 2004 and 2005. Housingy starts will be back to 100,000 units in and exceed 150,000 by 2013. Health care is the only sector that will not shrinthis year. The gain of 13,00p0 health care jobs, or 0.9 percent, is the slowest growt this decade. • Personal income declines 0.8 percenr in 2009. • Nonfarm payrolls will declineby 1,020,000 jobs statewidde during the two-year recession. • The Californiw economy will finally hit bottom in the fourtu quarter ofthis year, and will begin a multi-year recovery.
It will be 2013 before many key economivc indicators such as unemployment returm tohealthy levels. • The state’s recession shoul end in the last quarterf ofthis year, but the job marke t will remain weak through most of next
The pace of private-sector job losses will slow over the next few but state and local government layoffeare beginning, the Business Forecasting Center at the said in its latestg California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percenft early next year, and will remaib in double-digits until the end of 2011. The center produces quarterly economic forecasts of theUnited States, California and nine metrok areas, from Sacramento to Fresnoo and the San Francisco Bay In the Sacramento unemployment will rise from 11.1 percent this year to peak at 11.4 perceng next year, before dipping to 10.2 percent in the report said.
Unemployment is expected to reach 9.2 percengt in 2012. The Sacramento area is forecast to reboune in the third quarter ofnext year, when job growth will improves to 0.8 percent. A “strong rebound is expected to take place in professionaloand business, and educational and healtgh services sectors,” the report said of “Job growth is expectedd to have its first positive full year at 2.0 percenyt in 2011.” Sacramento’s real personal meanwhile, will grow at a slow rate of 1.5 percenf next year.
San Jose and San Francisco will be the firstr metro areas in Northerj California to return totheird pre-recession employment levels, in the second and thirfd quarters of 2012, respectively, the study said. Sacramento and Merced will be among the last nort state metro areas to regainpeak employment, in fourth-quartere 2013. Vallejo is last, with a returhn expected in the second quarterof 2014. The Central Valle will be hard hit by the combinatio n of recent state tax increases and massive expecteedbudget cuts, the Business Forecasting Center “The state budget crisis is a dangerouws aftershock to a region still reeliny from the foreclosure earthquake,” Jeff Michael, director of the Businessd Forecasting Center, said in a news release.
The Centra l Valley is an economicdisaster area, but most of its “economidc shocks are cyclical in naturs rather than permanent changes such as closedx military bases,” the news release • Construction continues to lead job losses in percentagd terms, declining another 15 percen t to 110,000 in 2009. • Manufacturingv will lead the decline in losing 135,000 jobs this year. Retail sales will not retur to their 2007 leveluntil 2011. • New car and truclk sales will fallbelow 1.06 milliomn in 2009, after exceedinfg 2 million for most of the decade. Sales will graduallyt increase as the economy reaching 1.46 million next year, and 1.73 millio in 2011.
• Housing starts hit bottom in 2009at 36,000 more than 80 percent beloaw the levels seen in 2004 and 2005. Housingy starts will be back to 100,000 units in and exceed 150,000 by 2013. Health care is the only sector that will not shrinthis year. The gain of 13,00p0 health care jobs, or 0.9 percent, is the slowest growt this decade. • Personal income declines 0.8 percenr in 2009. • Nonfarm payrolls will declineby 1,020,000 jobs statewidde during the two-year recession. • The Californiw economy will finally hit bottom in the fourtu quarter ofthis year, and will begin a multi-year recovery.
It will be 2013 before many key economivc indicators such as unemployment returm tohealthy levels. • The state’s recession shoul end in the last quarterf ofthis year, but the job marke t will remain weak through most of next
Sunday, May 6, 2012
Solar Array, Gen. Mills detail expansions - Phoenix Business Journal:
ogarawo.wordpress.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, general managee of the local told members of . AED held its quarterly meeting Thursdayat . Joe Hudgins, presidenty and CEO of Solar Array Ventures, outlinedr his company’s plan to build a massive solafr manufacturing plant onthe city’ds Westside. General Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additionap employees, bringing additional payrolpl to the area of $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approvesd a $100 million industrial revenue bond deal for the compan in February. BE&K Corp. from Norty Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’s spendingv and employees will be local. The precast panels being used in the constructiob are manufactured in General Mills has been in Albuquerquesince 1991. Its currenf facility is located near Paseo del Norte and Editnh and has190 employees, with an annual payrollo of $12 million, said Bone. The 275,000-square-foot plant producees about 135 million pounds annually of 35differenr cereals.
The facility also has a lab on-sitwe where the instructions for baking Generaol Mills products at high altitudesare created. The company has given about $5 million to area nonprofite since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cerea l company’s donations illustrate one of the things the organizatiob looks for in recruiting community involvement. Hudgins said Solar Array pland to break ground by the third quarter of this year ona 225,000-square-foogt thin-film photovoltaic manufacturing plant in the Cordero Mesa business west of the mattress factory.
The companyu plans to add three more buildings of that size as it he said, with each facility employiny about 225. Its annualk payroll in the first phase wouldbe $14 About five percent of the jobs woulde pay $100,000, 45 percent would pay $70,000 and half of the jobs would pay The capital investment for the firs t phase will be $170 milliojn and the company would spend $40 million annually for raw The first phase is expected to have a capacityt of 75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will serves as a community and educational center. Solar Array is seekinbg $175 million in industrial revenu bonds fromBernalillo County.
The companyg is working to raise $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two othedr states forthe plant, despite the fact that it did not offet the largest incentives. But the coordinatio n among local and state government officials and otherd parties made New Mexicop far more efficient in establishing a planning frameworki that the company could then use to plan a budge t forthe plant, he said “That was a majotr issue for us,” Hudgins said. He also praiser the labor force here and theeducational institutions. The facility is beingf designed byPageSoutherlandPage LLP, which has Texas offices in Dallas and Houston, as well as Washington, D.C.
and London, U.K. Hoffman Construction, baseed in Portland, Ore., is building the
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, general managee of the local told members of . AED held its quarterly meeting Thursdayat . Joe Hudgins, presidenty and CEO of Solar Array Ventures, outlinedr his company’s plan to build a massive solafr manufacturing plant onthe city’ds Westside. General Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additionap employees, bringing additional payrolpl to the area of $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approvesd a $100 million industrial revenue bond deal for the compan in February. BE&K Corp. from Norty Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’s spendingv and employees will be local. The precast panels being used in the constructiob are manufactured in General Mills has been in Albuquerquesince 1991. Its currenf facility is located near Paseo del Norte and Editnh and has190 employees, with an annual payrollo of $12 million, said Bone. The 275,000-square-foot plant producees about 135 million pounds annually of 35differenr cereals.
The facility also has a lab on-sitwe where the instructions for baking Generaol Mills products at high altitudesare created. The company has given about $5 million to area nonprofite since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cerea l company’s donations illustrate one of the things the organizatiob looks for in recruiting community involvement. Hudgins said Solar Array pland to break ground by the third quarter of this year ona 225,000-square-foogt thin-film photovoltaic manufacturing plant in the Cordero Mesa business west of the mattress factory.
The companyu plans to add three more buildings of that size as it he said, with each facility employiny about 225. Its annualk payroll in the first phase wouldbe $14 About five percent of the jobs woulde pay $100,000, 45 percent would pay $70,000 and half of the jobs would pay The capital investment for the firs t phase will be $170 milliojn and the company would spend $40 million annually for raw The first phase is expected to have a capacityt of 75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will serves as a community and educational center. Solar Array is seekinbg $175 million in industrial revenu bonds fromBernalillo County.
The companyg is working to raise $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two othedr states forthe plant, despite the fact that it did not offet the largest incentives. But the coordinatio n among local and state government officials and otherd parties made New Mexicop far more efficient in establishing a planning frameworki that the company could then use to plan a budge t forthe plant, he said “That was a majotr issue for us,” Hudgins said. He also praiser the labor force here and theeducational institutions. The facility is beingf designed byPageSoutherlandPage LLP, which has Texas offices in Dallas and Houston, as well as Washington, D.C.
and London, U.K. Hoffman Construction, baseed in Portland, Ore., is building the
Friday, May 4, 2012
United Way, Dr. Phillips launch campaign - Charlotte Business Journal:
gavrilovaefivu.blogspot.com
The campaign, established with grants totalingnearly $350,000 from Dr. Phillipds Charities and , is being administered by United Way’a stewardship program that provides emergency assistance tolocalp residents. The United Way board backed a move allowingh the organization to tap reserve funds to covetr administrative expenses so that grant dollars will go directly to help people in UnitedWay President/CEO Robert H. Brown said the campaign representsz a temporary response to an unprecedented burden being placed on the community by the ongoingeconomicc challenges. Dr.
Phillips Charities is offering a grant ofnearly $300,000, whic includes $98,100 in start up funds and a challengw matching grant of nearly $200,000. Dr. Phillipds Charities, one of the region’s largest philanthropic organizations, has awarderd more than $23 million to local nonprofitsd over the pastthree years. Bank of America contribute d $50,000 to the campaign. The goal is to providwe aid to morethan 1,350 families over the next five Agencies providing similar services that have exhaustec their resources can also access the dollars. Heart of Floridw United Way isCentral Florida’s largest providee of funds to the region’s health and humah service programs.
The campaign, established with grants totalingnearly $350,000 from Dr. Phillipds Charities and , is being administered by United Way’a stewardship program that provides emergency assistance tolocalp residents. The United Way board backed a move allowingh the organization to tap reserve funds to covetr administrative expenses so that grant dollars will go directly to help people in UnitedWay President/CEO Robert H. Brown said the campaign representsz a temporary response to an unprecedented burden being placed on the community by the ongoingeconomicc challenges. Dr.
Phillips Charities is offering a grant ofnearly $300,000, whic includes $98,100 in start up funds and a challengw matching grant of nearly $200,000. Dr. Phillipds Charities, one of the region’s largest philanthropic organizations, has awarderd more than $23 million to local nonprofitsd over the pastthree years. Bank of America contribute d $50,000 to the campaign. The goal is to providwe aid to morethan 1,350 families over the next five Agencies providing similar services that have exhaustec their resources can also access the dollars. Heart of Floridw United Way isCentral Florida’s largest providee of funds to the region’s health and humah service programs.
Wednesday, May 2, 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Baltimore Business Journal:
ukatekexo.wordpress.com
Government officials said word began swirlintg in the community Thursday thatNCR NCR) is planning to move its headquarters and 1,3009 employees to the Atlanta area and make an announcemeny about the move this week. NCR Globao Spokesperson Richard Maton, speaking by phone Saturdayy from London, confirmed that an effort was made forOhio Gov. Ted Stricklansd and NCR Chief Executive Officeer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reachu out to the compang to have a direct conversation.
” When askef about NCR possibly moving its headquarteres out of Dayton, Maton said the companyt does not respond to rumors and speculation. NCR Corporatre Spokesperson Alan Ulman responded to questionwsabout NCR’s plans with an e-mail messags Saturday that read: “Wr have no announcement today.” In the past, NCR has been quicik to deny rumors of its relocation and affirn its commitment to remaining in Dayton. The has repeatedly sought information from the companyusince Thursday, but NCR had not responded to their requestsz as of Friday evening, a developmentg department spokesperson said.
Montgomerg County Commissioner Dan Foley said he is frustratec by the lack of Foley said he has askeds multiplecompany officials, via e-mail, to respond to the rumors, but has yet to receive any information. Folet said he, along with other state and city ofDayton officials, have met with NCR representativesa in the past in an effort to safeguard NCR’e local jobs. “All that said, nobod y has confirmed to me that their statushas changed,” Foley said Saturday. “I have to assumes that -- I hope, I very much hope -- they are stayin g in Dayton, because our citizens have helped build that compant up tobe world-class and will continu to do so.
” Rumors have long circulated that the compant would move, however multiple governmengt and economic development officials said they reachee a new level in the past few days. NCR is said to be seekingb about 100,000 square feet of officer spacein Georgia, . NCR is believed to have lookefd at sites in and Columbus, Ga. Based on the square footage estimates, the operationh could house about 300 to 400 according to realestate sources. Georgi government and economic development officialsremained tight-lipped on any potential development.
In NCR said it would move its Worldwide Customerf Services headquarters to an Atlanta investing $15 million and creatintg more than 900 jobs in the suburbs of Peachtree City and The state of Georgia provideds more than $8 million in incentives, according to NCR, founded locally in 1884, is the Daytob region’s second largest company, with 20,000 global employeexs and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomatiohn systems, is Dayton’s lone remainintg Fortune 500 company.
At one the company had more than 18,0009 employees in the Dayton area, but that numbee has dwindled during the past several As recently as twoyears ago, NCR had abour 2,000 Dayton employees. That number has declined by abouyt 700 workers in the pastseverao years. In 2007, NCR announced it was relocatinh its executive offices to New York City and leasin g an entire floor of the 7 Worlsd TradeCenter building. But, on paper, its headquarterd remained in Dayton. In March, the companyg also told employees it is undergoing a structuralp reorganization and would cut an unknown amount of itsglobalk workforce.
That same month, the companh removed the language “world from the sign at its Dayton campus, thoughb it said at the time it wasjust
Government officials said word began swirlintg in the community Thursday thatNCR NCR) is planning to move its headquarters and 1,3009 employees to the Atlanta area and make an announcemeny about the move this week. NCR Globao Spokesperson Richard Maton, speaking by phone Saturdayy from London, confirmed that an effort was made forOhio Gov. Ted Stricklansd and NCR Chief Executive Officeer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reachu out to the compang to have a direct conversation.
” When askef about NCR possibly moving its headquarteres out of Dayton, Maton said the companyt does not respond to rumors and speculation. NCR Corporatre Spokesperson Alan Ulman responded to questionwsabout NCR’s plans with an e-mail messags Saturday that read: “Wr have no announcement today.” In the past, NCR has been quicik to deny rumors of its relocation and affirn its commitment to remaining in Dayton. The has repeatedly sought information from the companyusince Thursday, but NCR had not responded to their requestsz as of Friday evening, a developmentg department spokesperson said.
Montgomerg County Commissioner Dan Foley said he is frustratec by the lack of Foley said he has askeds multiplecompany officials, via e-mail, to respond to the rumors, but has yet to receive any information. Folet said he, along with other state and city ofDayton officials, have met with NCR representativesa in the past in an effort to safeguard NCR’e local jobs. “All that said, nobod y has confirmed to me that their statushas changed,” Foley said Saturday. “I have to assumes that -- I hope, I very much hope -- they are stayin g in Dayton, because our citizens have helped build that compant up tobe world-class and will continu to do so.
” Rumors have long circulated that the compant would move, however multiple governmengt and economic development officials said they reachee a new level in the past few days. NCR is said to be seekingb about 100,000 square feet of officer spacein Georgia, . NCR is believed to have lookefd at sites in and Columbus, Ga. Based on the square footage estimates, the operationh could house about 300 to 400 according to realestate sources. Georgi government and economic development officialsremained tight-lipped on any potential development.
In NCR said it would move its Worldwide Customerf Services headquarters to an Atlanta investing $15 million and creatintg more than 900 jobs in the suburbs of Peachtree City and The state of Georgia provideds more than $8 million in incentives, according to NCR, founded locally in 1884, is the Daytob region’s second largest company, with 20,000 global employeexs and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomatiohn systems, is Dayton’s lone remainintg Fortune 500 company.
At one the company had more than 18,0009 employees in the Dayton area, but that numbee has dwindled during the past several As recently as twoyears ago, NCR had abour 2,000 Dayton employees. That number has declined by abouyt 700 workers in the pastseverao years. In 2007, NCR announced it was relocatinh its executive offices to New York City and leasin g an entire floor of the 7 Worlsd TradeCenter building. But, on paper, its headquarterd remained in Dayton. In March, the companyg also told employees it is undergoing a structuralp reorganization and would cut an unknown amount of itsglobalk workforce.
That same month, the companh removed the language “world from the sign at its Dayton campus, thoughb it said at the time it wasjust
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