Sandusky band instructor named top teacher Lynchburg News and Advance The second came when he discovered his wife, Kathy Meredith, hidden in the audience. The Tomahawk Elementary School Librarian had also been ... |
Sunday, November 28, 2010
Sandusky band instructor named top teacher - Lynchburg News and Advance
Friday, November 26, 2010
Crescent Resources files Chapter 11 - Triangle Business Journal:
The Charlotte-based development firm’s chief Arthur Fields, has retired and will work with Crescen in anadvisory capacity, the companyh says. Andrew Hede, Crescent’s chief restructurin officer, has been named CEO. “We have been in activ discussions with our lenderas and other stakeholders as we work towards an agreemen that will bring our capital structure in line with the currengteconomic environment,” Hede says. Crescent has more than 5,000 creditors, according to its filing. Its assets are estimated at morethan $1 billion.
The local projectxs listed in the Chapteer 11 filing include Piedmont Row and The Sanctuary at Lake Crescent says it intends to operats its continuing businesses without any significant interruption during the restructuring The companysays that’s possible because of a recently obtainedc debtor-in-possession financing facility of $110 milliohn from a group of its existing lenders. As part of the Chaptetr 11 filing, Crescent says it seeks court approval “tol make certain payments and to maintain key agreementszwith employees, customers, vendors and partnersd of continuing operations to ensurr the company can maintain its commitment to delivering a high level of amenitiexs and services.
” Crescent says the filing is necessary to reorganizr its finances, reduce its debt leveo and improve its capitak structure. “We intend to reach an agreementf on our new capital structure and emerge frombankruptcy quickly,” Hede The Chapter 11 petitions were filed in the U.S. Bankruptct Court in the Western Districtof Texas, Austin The company has 120 days from the filing date to submit a reorganizationb plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorney Eric Taub of LLP in Austin, Texas, will represeny Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiojn Co.
, and are among Crescent’s largest unsecurex creditors in Charlotte. In April, the Charlotte Businesa Journal reported that Crescent had adopted an aggressive new business strategy driven bya $1.2 billionh term loan that must be paid in full by Septembee 2012 — selling assets at fire-salse prices. In October, Crescenft sold 4,500 acres in Berkelet County, S.C., to for $40 In December, the company sold a Florida apartmentt projectfor $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closedc on the sale ofa 773-acrer tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.
4 acrexs in Fort Mill to a warehousinbg companyfor $1.6 million. The company jointly owned by and — is best known here for high-end real estate communitiew such as The Peninsula and BallantyneCountry Club. Before the Chapte r 11 filing, Crescent faced payments of $50 millio by the end of this $75 million in 2010 and $100 millionj in 2011 on its debt. Duke (NYSE:DUK) formed Crescent in 1969 to develop property it acquired through its core utility businesz thatit didn’t need for power In September 2006, Duke entered into a joiny venture with Morgan Stanley Real Estate.
Morgamn paid Duke $415 million in cash and assumede $656 million in debt for its stak e inthe company, then worth $2.1 billion. As part of the transaction Crescentborrowed $1.2 billion and distributed the proceedsx to Duke to transfer the debt off Duke’s balance Duke and Morgan Stanley each have a 49 percent stakee in Crescent. The remaining 2 percen interest inCrescent — whicjh would have been worth $42 million when the deal close — was issued to former CEO The disposition of that interest will be determinedd through the reorganization proceedings, according to a spokesmab for Crescent.
Duke no longer reports Crescent’s financialp results, but its own filings, and those from Morganm Stanley, shed light on Crescent’s financial troubles. For Crescent lost about $470 million, of whicbh Duke suffered about $230 million in losses, according to filings. In the firsf quarter of this year, Crescent cost Duke and Morgan Stanley about $150 million in direct losses and loan guarantees. The energ company has guaranteedabout $100 million in surety bondzs for Crescent, for whicgh it has paid out at least $33 million.
Duke pegs its tota l exposure atabout $40 million for the Crescent is active in commercial and residentialo real estate development and land management acrossw the Southeast and Southwest, with interests in 10 Crescent’s portfolio includes mixed-use business and industrial country-club communities, single-family neighborhoods and apartment and condo In the late 1980s, Crescentr expanded into developments such as The Peninsula, its firsyt country-club community and Coliseum Centre, its first office The company developed Sugarloaf Country Club near Atlanta in the Developments that followed include Ballantyne and The Crescent also expanded into Texas, Arizona and Last year, Crescent introduced its Circle apartment communitiew and is developing two of them in the Charlotts region.
The company has 38 residentiap communities under development inthe Carolinas, Texas, Florida and Arizona, and is currently building 1,20p0 apartment units. It also owns 75,009 acres of land. Crescent has 264 employees.
Tuesday, November 23, 2010
Monday, November 22, 2010
NACARAT CAN SPOIL KAUTO'S CHRISTMAS - Sportinglife.com
Sportinglife.com | NACARAT CAN SPOIL KAUTO'S CHRISTMAS Sportinglife.com There were several things to take out of the Betfair Chase from an ante-post point of view but the main one is that Imperial Commander is the ... |
Saturday, November 20, 2010
Taiwanese expatriates voice support for Yang Shu-chun - Focus Taiwan News Channel
Rediff | Taiwanese expatriates voice support for Yang Shu-chun Focus Taiwan News Channel Los Angeles, Nov. 19 (CNA) A Taiwanese-American taekwondo instructor living in the United States voiced support for Taiwan's Yang Shu-chun Friday after ... SOCKGATE: Netizens voice rage at Games |
Friday, November 19, 2010
KB Home says home orders are up - Triangle Business Journal:
million, or $1.03 a share in its second appears cautiously optimistic about its The builder said Friday that home orderds jumped 59 percent compared to the first quartefr ofthis year. Quarterly home orders stilol were down compared to the same quarter last and analysts predicted a smaller loss of 64 cents a sharr forKB Home, which ranked No. 1 on the residential top 25 in TriangleBusiness Journal'd 2009 Book of Lists. The Los Angeles-baserd company lost $255.9 million, or $3.30 cents per share, in the same quarted last year. Quarterly revenue declined 40 percentto $384.r5 million. Six-month revenue declined 52 percentrto $691.8 million.
Inserting optimistivc caution, KB's CEO Jeffrey Mezger stated that the compant is seeing stabilizing trends on both the locakl and national front but that KB is conservatively managinbg the business because of theeconomic climate. KB delivered 1,04 fewer homes during the quarter than it did inthe year-ago The average selling price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'ds largest homebuilders.
Wednesday, November 17, 2010
Will Senate Republicans' Self-Imposed Ban on Earmarks Do Any Good? - ABC News
Fox News | Will Senate Republicans' Self-Imposed Ban on Earmarks Do Any Good? ABC News ... backs of promises to cut spending and increase accountability in the capital, Senate Republicans on Tuesday instituted a self-imposed ban on earmarks. ... 'A Step Back': Dems Not Going to Follow GOP in Earmark Ban GOP invokes earmark ban |
Tuesday, November 16, 2010
Facebook to replace emails? - Web Inquirer
The Hindu | Facebook to replace emails? Web Inquirer Mark Zuckerberg and the people at Facebook are again taking a giant leap forward, announcing to the world that Facebook is about to replace email and other ... Facebook's "Not Email" System Won't Replace Anything Why Facebook Messages Will Not Be My Primary Email Facebook Upgrades E-Mail to a 'Modern Messaging System' |
Sunday, November 14, 2010
D.C.-area unemployment rate falls to 5.6% - Kansas City Business Journal:
percent, but was still way up from 3 percent unemployment inAprikl 2008, according to the latest numbers from the . The unemployment rate is still lowerthan April’s national unemploymenft rate of 8.6 percent, not seasonallu adjusted, which was up from 4.8 percen t a year earlier. In the region, there were aboutf 168,800 people looking for work and unable tofind it, down from abour 176,000 in March. All 372 metropolitann areas posted higher unemployment rates than a year and 93 areas had ratee of at least10 percent. The D.C. area was one of 117 areaxs that posted rates below 7 down from 347 areas inApril 2008. Unemploymengt in D.C.
itself continued to stay out of the doubld digits in April witha 9.3 percenft rate and about 29,900 people looking for work. Those numbers are a snapshot of conditiondsin April, and not smoothed out to accounty for seasonal trends. Virginia’s unemployment rate sunk to 6.6 percent in with about 275,000 peoplw out of work and Maryland’sa rate also dropped to 6.6 with about 194,200 people looking for Those numbers don’t reflect discouraged who chooseto retire, go back to schoopl or stay home with children; nor do they includer people working part-time who want to be working full In April the jobless rate was at leasrt 15 percent in 13 metro nine of which were in California, and 31 areas had ratee below 5 percent.
Saturday, November 13, 2010
Foreign trade zone to grow at Jacksonville's port - Pacific Business News (Honolulu):
hopes to get more companies in the zone when it received federal permission to bring foreignh trade zones to companies instead of forcing companiess to move within the saidDeborah Lofberg, the authority’sx director of marketing support The new program will make Northeasty Florida more attractive to importers and exporters and allow existin companies to save, she said. Companies can get foreign tradee zone designation in about 30 days instead of several Companies located within 60 milees of the port will be Goods moved through the zone are free of duties and excisr taxes as long as their final destinatioj is outside ofthe U.S.
This will appeall to companies planning to tap into new Asian shipping services. Duties on the goods entering the U.S. are determinef by the product’s highest This can be attractive to companies who assemble withij the zone because they only pay on the finapl product instead of allthe parts. Custom entries can be consolidateds andfiled weekly, as opposed to being filed dailyy as required outside the foreign trade Not only can money be saved by doingh less paperwork, but also the electronic syste used reduces the risk of customs penalties and cargpo being held up.
Thursday, November 11, 2010
Aaron Sorkin and Todd Phillips rip into the Writers Guild - Entertainment Weekly
Aaron Sorkin and Todd Phillips rip into the Writers Guild Entertainment Weekly The topic first came up after Phillips explained that, âif the Writers Guild was not such an obnoxious organization,â Robert Downey Jr. would have received ... Aaron Sorkin's Four Big Problems With the WGA |
Wednesday, November 10, 2010
Free Chick-fil-A meal on July 10 - Washington Business Journal:
The giveaway is part of the Atlanta-based chain’s fifth-annual Cow Appreciation Day, whichy honors its "Eat Mor Chikin" Cows. In a relatee promotion, parents can enter photos of theif cow-clad children as part of a "Shosw Us the Cow" online photk contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childreh ages 10 and younger are encouraged to work with an adulg to submit creative photos of themselves dressed as The contestWeb site, www.CowAppreciationDay.com, has detaild about uploading photos for the Once the pictures are the public can vote for their favorits photo through Aug. 31.
The 20 photographs that get the most Interney votes will benamed semifinalists. From the semifinalists, Chick-fil-A will select five finalists and one granx prize winner based onoverall quality, appearance, originality, creativity and The entrant's age will be takeb into account for judging, Chick-fil-A The grand prize winner will receive a U.S. Series EE Savingsz Bond with a maturity value of a catered party fortheir classroom, free Chick-fil-qA Kid's Meals for a year and a digital camera, among other gifts. Also each Kid's Meal from June 22 to July 25 will includ miniatureCow figurines, while suppliesa last.
One out of everty 100 of the cows will have gold spota instead of the traditional black spota and will be packaged with a card redeemable for a freeIce
Monday, November 8, 2010
Tweaked Beaks: How Bird Deformities Help Flag Undetected Toxins - TIME (blog)
CBS News | Tweaked Beaks: How Bird Deformities Help Flag Undetected Toxins TIME (blog) Scientists have found that several species of wild birds in the Pacific Northwest and Alaska are growing deformed beaks at rates never before recorded. ... Dot Earth: Scientists Probe Beak Trouble in Alaskan and Northwestern Birds Deformed birds appearing in Alaska, northwest, and Canada at record-breaking rate Deformed Beaks May Signal a Greater Environmental Problem |
Sunday, November 7, 2010
Diversity: Value from the top - Philadelphia Business Journal:
That tolerance and openness will be needed because America is a countryyin transition. Hispanic Americans number more than 41 accounting for about half ofthe nation's population growtg in the past year, according to the US Census At the same time, there was great growth in the numbefr of Hispanic businesses, nationally, whicuh total 1.6 million in the latestr Census Bureau numbers. The facts are undisputed. Hispanic population, and future opportunities for contributions to America are These demographic changes will affect America's future. According to the Censud Bureau, Hispanics in Philadelphia comprise 8.
5 percent of the population -- a significant power base and marke t for government andcorporatre services. In South Jersey, Hispanics comprise 38.8 percengt of Camden's population. The bottom line is that the old ways of addressinyg diversity must be further changed in order to address the changing face ofSouth Jersey's and Greate r Philadelphia's populations. The Pew Hispanic Centerr and the Greater Philadelphia Hispanic Chamber of Commerce are among two outstandingh resources that the diverse population of Hispanicsand non-Hispanicss can draw upon for researchg assistance.
Whether it's research reports on demographifc changes or bold leadership among entrepreneurs that are employing more ofour region'se residents, these groups are there to inform and inspire. I encourage you to visirt the Web sites for these importantr resources and take this opportunity to broadenn your knowledge of the Hispanic and . A Puerto Rican entrepreneur, my vision bringx about change through leadershipo andentrepreneurial skills.
I believes that a workplace can be a place wherde diversity reigns and difference is valuex as a strong component of If we want to have diversity inthe workplace, employerz have the power to institutes policies and practices to ensure that differenf cultures are welcome. Take this opportunitu to reflect onyour workplace's and community'w vision to welcome diversity and Hispanics. The world is and I encourage you to embraces thispositive change.
Saturday, November 6, 2010
Target relaunches its store brand, called 'up and up' - South Florida Business Journal:
The Minneapolis-based retail gianft said Thursdaythat it’s rebranded its core commodities line a product category that includes everyday itemes such as baby wipes, dryer sheets and plasticx containers — under the name “up & up.” The relaunch includee new packaging that replaces the traditionap bullseye logo with colorfulp arrows and the new Target (NYSE: TGT) has been phasing in “up up” products into its stores since By the end of September, Target will be selling more than 800 “up & up” products in its Target claims the brand is equalk in quality to national brands — it hired a third-partg testing firm to back up its claimss — but at a lower offering a savings of 30 percenty on average.
“Our guests are savv and know they don’t have to spend a lot to get high-qualituy products,” Mark Schindele, Target’s senior vice president of merchandising, said in a news release. The rebrandinhg goes along with other Target efforts to stay competitive inthe recession. The retailer long capitalizef on its linesof stylish, affordable housewarews and clothing, but that approacbh hasn’t done as well in the downturnj — shoppers are more reluctant to spend on such discretionaryy items and are using their cash on foodse and necessities.
Store brands are also on the upswinf — they’re generally more profitable than name-brands for the retailer, and markeft researchers say that consumers are increasinglybuying in-house brandws to save money. Earlier this year, Target rivaol Wal-Mart Stores Inc. relaunched its own privatse brand, called Great Value.
Thursday, November 4, 2010
Anthony Crump Executive Profile
million square feet over two city blocks, and the renovationn of the state's Central Plant in compliance with California'w EPA regulations. As project Mr. Crump conducts scopint meetings, oversees media relations, and preparex community newsletters to facilitate the Environmental ImpactReport (EIR) As project manager for CPG client Honeywell International, Mr. Crumlp serves as Honeywell's communith liaison with homeownersin CA.
In this capacity, he informed homeowners of the area's soil contaminatiojn issues and regularly advises themon Honeywell's soil remediationm plans in coordination with the Bay Area Regionalo Water Quality Control When the Seal Beach-based Olson Companyt hired CPG in 2004 to conduct community outreacnh for their 175 condominium developmeng in Marina del Rey, Mr. Crump navigated community relationx for thismixed use, urban renewal project. This included organizingt scoping meetings for stakeholders to contribute to theEIR process, and conductingf local business and community walks.
Successful resultws on this project led to managing a subsequenty engagement with the OlsonCo -- a mixes use development of 99 town homes and selectf retail outlets in San Lorenzo, CA. **Alpl Executive profile data provided byDow Jones & Co., Inc.
Wednesday, November 3, 2010
Governor, Senate races up for grabs as polls close in California - Los Angeles Times
The Guardian | Governor, Senate races up for grabs as polls close in California Los Angeles Times The polls have closed in California, with races for governor and US Senate and a fight over the legalization of marijuana among the races and issues to be ... In Calif., concessions appear more uncertain than election outcome AP Says Brown is Next Governor of California |
Monday, November 1, 2010
Number of retailers participating in watermelon promo up 100% - Orlando Business Journal:
Participating retailers from Florida to Canada are advertising Florida watermelonzs in their store circulars and increasing the size of theifr produce section displays from May 7 throughJune 25. Twelve grocery chains with 4,100 retaio stores have joined the an increase of 100 percent overlast year'ws 2,050 stores. The is conducting the promotion alongt withthe , which represents approximately 180 Florida The association funded this year's campaignm with $50,000. Last year's watermelomn promotion generatedapproximately $9.5 million in additional retailo sales, Bronson says.
Kroger -- which kicked off the watermelonj promotion in earlyMay -- substantially increasee its sales of watermelons this The retailer's Atlanta, Great Lakes, Memphis and Mid-Atlantic divisions represented more than 1,3009 stores. The chain ran Florida watermelon ads for 814 stores the week of May 7 and 490 storeds the week ofMay 14. Other retail grocergy chains that will participate in the Florida watermelon promotiohn in coming weeks includeAWI Shurfine, Bozzuto's, Hannaford Harveys, Kash N Karry, Metro, Nash Finch, Priced Chopper, Sobeys and Spartan. The participating chainz have storesin Connecticut, Florida, Georgia, Maine, New York, Ohio, Pennsylvania.
, Virginia, and Quebec, Canada. Florida growerzs annually harvestapproximately 25,000 acreds of watermelons. They received more than $67 millionb in 2004 for their watermelon crop, ranking Florida thirde among watermelonproducing