John Hancock Retirement Income & Rollover Solutions Launches Consolidation ... PR Newswire (press release) With Consolidation Services, we offer a value-added service to participants that helps increase satisfaction among the participant, the plan sponsor, and the adviser." "Offering this unique service, we believe, will differentiate John Hancock ... |
Tuesday, June 28, 2011
John Hancock Retirement Income & Rollover Solutions Launches Consolidation ... - PR Newswire (press release)
Sunday, June 26, 2011
Winter Park tries to slow Park Avenue's retail loss - Puget Sound Business Journal (Seattle):
Take Chris Tillett, CEO of boutique makeul studio , who moved from Park Avenu e to Maitland last summer due to highrent (he was paying $41 per square foot in Winter Park), less foot traffic and lack of city Tillett’s exit and that of othef former Park Avenue retailers have promptefd both the city of Winter Park and landlordsx to try to address the situation. “We saw businessesa leaving and an increasing animosithy between retailersand restaurants, so this was the perfect time to talk it said Sherry Gutch, community redevelopment directof for Winter Park. In fact, the area’s vacanch rate has nearly doubled in the past 12 jumping to 11 percentfrom 6.
5 percentt a year ago, said Colliers Arnold in a real estate services firm. In addition, the averagre rental rate is $25.64 per squar foot, down 5.4 percent from $27.10 per square foot a year ago.
Friday, June 24, 2011
Mattel, Fisher-Price pay $2.3M fine - Los Angeles Business from bizjournals:
million civil penalty for violationse of the federal lead paint banin children’ s toys. The civil fine comes after the completed an investigation into the importinf and selling of toys with lead paint levels that exceededthe .06 perceng lead by weight limit that is federallu mandated. According to the CPSC, which recently crafted the Consumetr Product SafetyImprovement Act, aimex at toughening requirements for lead and phthalates in children’s products, Mattel imported up to 900,000 non-compliant toys between July 2006 and Septembe r 2007. Fisher-Price imported over 1 milliobn non-compliant toys between July 2006 andSeptember 2007.
Amonh the toys in question were the popular Sargetoy car, various Barbie products and some Go Diegol Go toys. Most of the toys that had excessivre levels of lead were shippec to retail stores for sale tothe public. In a took place wherew about 95 Matteland Fisher-Prics toy models were determined to have exceeded the lead Lead can be toxic if ingested by young children and can cause seriousz health problems. The topic of lead paint in children’s productsx has been a hot button issue as of with the rollout of the controversial CPSIAof 2008. Toy manufacturer and retailers have said the new regulationxsare vague, costly and arbitrary, often requiring the duplicater testing of products.
Some smaller manufacturers say the laws threatebn to put them out of Thiscivil penalty, which is the highest for violations involvinf importation or distribution of a regulated product, is the thirds highest of any kind in CPSC history. “These highlh publicized toy recalls helped spur Congressional action last year to strengtheh CPSC and make even stricter the ban on lead painron toys,” said CPSC Actinhg Chairman Thomas Moore. “Thiws penalty should serve notice to toy makersa that CPSC is committed to the safettof children, to reducing their exposure to and to the implementation of the Consumer Producft Safety Improvement Act.
” Mattel was unable to be reacheed for comment Monday morning, though a representative said they would have a response later in the day. Despits agreeing to pay $2.3 million in penalties, Mattelp and Fisher-Price deny that they knowingly violatecfederal law, as alleged by CPSC
Tuesday, June 21, 2011
Beverly Eversole Executive Profile
**All Executive profile data provided byDow Jones & Co., Inc.
Sunday, June 19, 2011
Metavante profit rises 15 percent - The Business Journal of Milwaukee:
The Brown Deer-based financiap technology provider said its revenuewas $426. 9 million, compared with $424.6 million in the firsrt quarterof 2008. Net income was $40.33 million, or 34 cents per share, comparedd with net income of $35 or 29 cents per share, in the firsy quarter of 2008. “Our abilitty to improve profitability on modest organi c revenue growth despite the difficult environment that our clients are facing again demonstrated both the strength of our business modelk and our abilityto execute,” said chairman and CEO Frank Metavante management affirmed its financiaol guidance ranges for 2009 of 3 percent to 4 percen organic revenue growth and 12 to 16 percent dilutesd earnings per share growth.
The ranges do not reflecyt the impact of the proposed transactionwith (NYSE: FIS), Fla. On April 1, Fidelity National and Metavantd announced a definitive agreement undetr which Fidelity National will acquire Metavante shareholders will receive a fixe d exchange ratioof 1.35 sharew of Fidelity National common stock for each shar e of Metavante common stock they own. Metavant e will be merged with and into a newly formex subsidiary ofFidelity National, and Martire will become CEO of the mergeed company with its headquarters in The transaction is subject to approval by Fidelityg National and Metavante shareholders, receipt of regulatory approvalzs and the satisfaction of customary closing The companies expect to complete the transactio in the third quarter of this year.
Friday, June 17, 2011
ND chancellor, college presidents get pay bumps - BusinessWeek
Deseret News | ND chancellor, college presidents get pay bumps BusinessWeek North Dakota's Board of Higher Education on Thursday approved annual pay rises for its college presidents that ranged from 2 percent to 6 percent, with the presidents of North Dakota State University and the University of North Dakota ... When is enough enough? State university leaders to see bigger paychecks Higher Ed Board Touches on Fighting Sioux Issue |
Wednesday, June 15, 2011
Bankruptcy trustee in place at Statler - Business First of Buffalo:
Horwitz’s appointment, which had been anticipated, came despiter a last-ditch effort by the Statler’s BSC Development Buff LLC and itsmanaginbg member, British investor Bashar to delay the involuntary Chapter 11 proceedings in U.S. Bankruptc y Court. The relatively rare involuntary Chapter 11 proceedingz were brought against BSC Development Buff LLC by fourStatlerr tenants, including Park Lane Catering. The legal action is being sought to remove Issa and BSC Development asthe Statler’ owner and to find a new owner for the 18-story, 80-year-olc building that overlooks Niagar a Square.
“Our intention is to keep the buildinvg open and to continue to provide services for Horwitz said. At the same, Horwitz said he will revieew all options concerningthe Statler’s future including findingt a new buyer, either through negotiations or a court-sanctioned auction. “W must find the most appropriate way to he said. “Part of that is to find a willingf andable buyer.” U.S. Bankruptcy Judger Carl Bucki, Western District of New York chiefbankruptcyt judge, appointed Horwitz. Buckji heard motions on the case last week and determined that a trustes had to be in placeby Thursday. “Therd is a need for prompt action,” Buckio said.
“A trustee is the best opportunity forpromptg action. There is a risk to harm to innocent There is a risk of harm to innocent sub-tenants. The merits of the issue need prompg consideration.” The Statler, which has seen its tenang roll drop inrecent years, is losingg $80,000 while earning, at most, $100,000 in monthly Many of the tenants were withholding rent payments over frustration with littlse progress made in terms of renovating the building or keepiny basic services in operation.
Issa, who bought the Statlert in 2006, had promised a $100 milliobn top-to-bottom makeover of the building includinyg bringinga 150-room hotel to the complex as well as renovatingb office space and converting its uppet floors into upscale condominiums. Only a small scale of the renovationz were completed and virtually no work has been done in the in termsof repairs, for more than one Issa is also facing legal and financial issues in Manchester, In two motions expressed to Bucki just a few minutes before Thursdayg morning’s proceedings were to begin, Issa askexd the involuntary bankruptcy action be set aside.
Issa disputeds several facts in previous court sessions including allegations that Park Lane Caterin g was acting inbad faith. Bucki dismissed Issa’as claims and allegations. “The legitimacy of the papers is open to Bucki said. “The papers that were submitted (by do not comply with the rules ofthe court.” Buckiu heard testimony that the four tenants who brought the involuntary bankruptcyy action to court are owed approximatelh $33,000. Park Lane Catering, earlier this month filedc a mechanic’s lien against BSC Development claiminf it isowed $16,700 for emergency repairs it had to make near the Statler’s Franklin and Genesee streets entrance.
Park Lane last fall, began a lawsuit in State Supreme Courtf against BSC Development because it has lost morethan $1 millionn in bookings due to the raw statee of the building and portions of its Park Lane Catering runs special ranging from weddings to corporate in several areas of the Statler. Park Lane Caterinbg has more than 200 future events bookex atthe Statler. All of the events will go on as William Koessler, Park Lane Catering owner, is working with Chicago-basedx interests who want to buy the Statlef and have pledged to make at least $70 milliobn in renovations to the building. Issa has rebuffed Koessler’se offers.
The involuntary bankruptcy proceedings began earliefr this month as the Statlee was faced with the prospect of shutting off servicr tothe building. National Fuel is owed more than $210,000p in unpaid bills from . The billxs pre-date the bankruptcy filing. Other utilities are also owed moniesd well intothe six-figurs range, including and the City of Buffalo’s Water Department. In an Aprikl 16 ruling, Bucki ordered National Fuel to conduct an Aprilo 24 meter reading and submift a bill to the trustee byApril 27.
The bill must be paid by May 4 or Nationakl Fuel may exercise its rightt to shut off service to the Bucki said he is concerned about whatthe long-termj impact may be not only to the but its tenants. Durinfg the April 16 hearing, Buckiu heard from several tenants who expressedx various levels of concern aboutthe building’s futurse and what would happen if they were forcedf to leave the Statler with little notice. Horwitz said he will be meetintg with the tenants and other interested parties in the coming Fromthose meetings, he will determine the appropriatd course of action. “I need to determinw what’s best for the tenantw and the property,” Horwitz said.
Horwits said he will collect all therent that’s due to help pay for the Statler’s handful of employees and insurancw costs. “That’s the key to keeping the buildingg openand functioning,” he said.
Sunday, June 12, 2011
OUR VIEW: The just-concluded session led by Republicans for the first time in ... - The Birmingham News - al.com (blog)
The Birmingham News - al.com (blog) | OUR VIEW: The just-concluded session led by Republicans for the first time in ... The Birmingham News - al.com (blog) By Birmingham News editorial board This wasn't your father's legislative session. Or Lowell Barron's and other powerful lawmakers first elected eons ago. Or teacher uberlobbyist Paul Hubbert! 9;s, who now knows what a thumbs-down (or were those thumbs in ... |
Friday, June 10, 2011
Armenian processing companies plan to procure about 155000 tons of grape this year - Arka News Agency
Arka News Agency | Armenian processing companies plan to procure about 155000 tons of grape this year Arka News Agency A deputy Armenian minister of agriculture said today local wineries and canneries plan to procure about 155,00 tons of grape this year. Speaking at a news conference, Robert Markarian said judging by data of the processing companies, ... |
Wednesday, June 8, 2011
Translating the overhaul of LEED - Charlotte Business Journal:
The new version of the ’s Leadership in Energyy and Environmental Design program goes into effectJune 27. Developerxs of projects already registeredf under older versions of the program can upgradee to LEED2009 — also known as LEED 3.0. Developersd can obtain LEED 2009 certification infive categories: new core and shell; commercial existing buildings (operation and maintenance); and schools. The new versiom doesn’t yet apply to LEED programs for homes, neighborhooc development, retail or healthy care. LEED uses a point system to scorewa building’s design, constructiob and operation for traits related to energy efficienchy and sustainability.
Those pointe grade the project onfour certified, silver, gold and platinum. The new versiob introduces a weighted system forevaluating Before, developers could get the same amount of credit for addiny a bike rack as they would for installingv a system to conserve water. That could encourage green-washing, some critics say, because some developers simplyychased points. Says Kavita Gupta of design firm : “AA project could achieve a higher leve of LEED certification with only minimal energy savingsz compared toa non-LEEsD building.” Not anymore. Now elements that work together, increaswe conservation and support healthy environments earnmore credits.
Gupta, who works out of the firm’es Charlotte office, praises the added prerequisitre for water conservation as an example of awelcomerd change. “Saving energy and water directly translates into financial benefift forbuilding owners.” LEED 2009 also encourages the use of new innovationzs in design. “It is no secret that LEED is not the perfectf answer to the challenges of climate saysVic Ogburn, a LEED-accredited professional at Charlotte-bases . “But by being open to evaluating and modifying the LEED should be able to remain viablwe asthe benchmark.” Building codes around the countruy are increasingly mirroring LEED standards.
“A s that happens, the LEED criteria have to change in order to stay ahear of being just standardbuildinbg practices,” Ogburn says. Plus, the program introducesa regional credits that recognizelocal conditions. For example, a buildint constructed in the Carolinas faces different environmentakl challenges than a project in the West or New LEED 2009 also change the way professionals are accredited by addingt specialty designations that reflect the differentf categories of greenbuilding standards.
For details, go to
Sunday, June 5, 2011
Report: Tri-county real estate backlog eases - Business First of Louisville:
South Florida’s residential real estate inventoryfell 1.1 percenrt in the last week with 81,159i properties on the market, according to the report, whichn uses data from the Floridq Association of Realtors. That’s down from 83,49 residential resales on the market inthe tri-county area as of June 1. the glut of condoz and townhouses on themarket isn’t shrinking as They represent about 61 percent of the total industry, up from 57 percentg in November, according to Peter Zalewski, a principalo with the Bal Harbour-based real estate consultanct and brokerage firm.
Broward has the fewest numbefrof single-family houses available for resalee with 10,179 properties, or 32 percent of the totao South Florida inventory of 32,125. Miami-Dade and Palm Beachy counties each account for 34 percent of theremaining single-familhy home inventory. Palm Beach County has 10,888 houses for sale comparecd to 11,058 houses on the resale marketin Miami-Dade, accordinf to the report. There are 49,034 condoss and townhouses on theresale market. Forty percent are in 33 percentin Broward, and 27 percent in Palm Beach. The numbeer of home sales pending in the week endex June 22slipped 0.
5 percent to 15,564 from 15,645 on June 15, but saw a 318 increaswe from June 1 when there were 15,246 pendintg sales.
Friday, June 3, 2011
Anthem, Medical Center at Elizabeth Place reach deal - Dayton Business Journal:
Under the contract, Anthem’s members will have access to themedicalk center’s facility and The agreement went into effect May 10. Detailsd of the deal were not released. “We couldn’ t be more pleased to establishthis long-term relationship with Anthem,” said Alex chief executive officer of the Medical Centef at Elizabeth Place. The Medical Center at Elizabeth Place has more than 55 Dayton physician owners and offersz inpatient andoutpatient services.
Terry Frech, regional vice presiden of health services for Anthejm Blue Cross and Blue Shield in southwest said the agreement with the medical centetr would allow the insurer to strengthen its position in the The companyhas 89,520 enrolleesd in the Dayton regiohn and holds a 26 percent market according to Dayton Business Journak research. The Medical Center at Elizabeth Place is located on the formed campusof St. Elizabeth Medical Center on Edwij C.
Moses Boulevard in
Wednesday, June 1, 2011
MCW to recruit more minorities for health careers - Business First of Louisville:
million grant from the that will be used to increase the numbed of minorities and othefr disadvantaged individuals pursuingbiomedical careers. The prograkm will recruit college undergraduatesand first-year medical students from populationw that are under-represented nationally in health-related sciences. The studentds will undertake a 10-week period of hands-obn laboratory experience during the summerr at theMedical College. Under the guidance of MedicaolCollege faculty, the students will develop investigativ knowledge and skills, particularly in the areae of cardiovascular, pulmonary, hematologixc or sleep research.
The experience is intended to buildvaluablse skills, self-confidence and interest in the health sciences, and aid the successfu l entry into graduate school or medicaol school. Dr. Kenneth Simons, senior associatee dean of academic affairs and professor of ophthalmologhyand pathology, and Jeannette Vasquez-Vivar, associatew professor of biophysics, will lead the called the Summer Research Education Program to Increasr Diversity in Health Relaterd Research.
“The goal is to work one-on-on with each student to help them map out a plan for advancingh to the next step on their academivc path and providing them with the toolsa they need toget there,” Simons