Monday, March 4, 2013
Report: D.C. area posts a strong economic performance - Dallas Business Journal:
The report ranked the 100 largest U.S. metro areas based on employment, unemployment rates, wages, gross metropolitaj product, housing prices and foreclosure rates in thefirsgt quarter. D.C. ranked No. 13, whilre San Antonio, Texas, placed No. 1 and Detroiyt came in last at No. 100. “Alol metropolitan areas are feeling the effectws ofthis recession, but the distressd is not shared equally,” said Alan research director of the metropolitan policty program at the D.C. institute and co-authore of the report.
“While some areaes of the country have experiencedr only ashallow downturn, and may be emerginhg from the recession already, people livinyg in metro areas that are now performing weakes economically should prepare themselves for a long recovery period.” At the firsgt quarter’s end, only 10 of the 100 metr areas were starting to show signxs of recovery, said the report, and said McAllen, Texasa was the only places that saw growth in employment and output. Output increasex in just a handful ofmetrol areas, including D.C.; Seattle; Austin, and Virginia Beach, Va..
The reportf also pointed out that metro areasx with concentrations of jobs in certain sectors have resultex in fewer dramaticjob losses. The San Antonio, Texas Austin, Texas Texas Baton Rouge, La. Tulsa, Okla. Neb. El Paso, Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virgini Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Haven, Rochester, N.Y.
Wednesday, February 27, 2013
In dour economy, some big church projects press on while others slow - Wichita Business Journal:
The $2.8 million project will add five classrooms, a three-leveo playland area and a new back entrancwe and coffee kiosk to the church at 21st Streef Northand K-96 highway. It also will expand an elaboratr puppet theater that church leaders say is amongf amenities that have helpedpush NewSpring’s average attendanced to about 3,300. “Wee want kids to come and totally be engagef when they walk says Children’s Pastor Dan Kubish. “Our competition isn’t anothef church. It’s and It’s among a few major project s bylocal churches. has broken ground on a $5.5 million expansion that will revamoits sanctuary. And St. has its own $1.
9 millionj project under way. But thosd jobs come amid an downturn that coulrd cast clouds overa church’s balance sheet. They may be a finalp wave of work beforrea lull, say contractors and Ben Hutton, vice president for business developmen t at , says the two church jobs his firm is workingf on now “have been percolating for a while.” “Wha we haven’t seen are brand new church They don’t seem to be considering anything he says. Dan Wilson, lead design architecty for , says “a smart church is going to be cautious in times likethis — very cautious.
” But for the need to expand may never be greatert than in times like these, some leadera say. It’s not uncommon for attendancd to get a boost during adown “Bad economies drive a lot of people into That’s when people make decisions to make room in theifr lives for church,” says Billy Poore, executive pastor for NewSpring. Giving, No Matteer What Whether the financials keep pace with the larger attendanced is anopen question, At , which has a $350,000 playgrounrd and landscaping project under way, “attendance has been on an says business administrator Tom He says giving this year has been on par with 2008.
whose firm designed the First Evangelical Free projecgt and the project at FirstMennoniter Brethren, says a large sharwe of church giving is supported by a smalo number of the a figure that holds up in tough But some churches still are pulling back. Paul principal for , says churcgh work that at one time accounted for about half the projectzs in his office now makes up no more than 15 And churches that are moving forwarxd are doingso cautiously. In one case, a churcuh that had been planningh to build 10 new classrooms is now willing to make do withjust six.
“Timews are just tightening up and the giving from the congregatiom is quite diminished from where it had been a year and a half he says. Poore, of NewSpring, says the churchu saw firsthand how the economy canpinchh giving. He says it took until 2005 for church revenue toreach pre-9/11 levels. “I think it goes into the psychologg — just like people don’t buy new cars or new If they feel prettu confident about thefuture ..., things go pretty well. When that gets that influences giving.” But rapidr attendance growth can take the sting out ofa NewSpring’s attendance has nearly doublef in two years.
Giving so far this year is up by Still, Poore says, “You have to step out there and have faithwhen you’re doing some of thesre things,” he says.
Thursday, February 21, 2013
St. Louis' top private firms exhibit growing pains - St. Louis Business Journal:
percent more revenue in 2008 than they did in2007 $92.3 billion, an increase of $7.3 billion from $85 billion a year Granted, two companies — and Centef Oil Co. — accounted for $5.1 or 69 percent, of the increase. Still, that leaves 31 percenrt and $2.2 billion from other companies. And in these economif times, all billion-dollar increases are welcome. “Any revenue increase in 2008 is and if 2009 is higherthan 2008, that would be said Gerry Sparrow of in St. “Business activity fell off a cliff in the first quarterdof 2009.
” Although many private companiesa saw revenue increase last year, the majoritu saw their profit margins shrini as a result of highef prices for commodities, especially energy, tighter credit and an overall pullback in all sectors because of the troubles economy. Enterprise Rent-A-Car boosted revenue by a whopping 38 to $13.1 billion, though it wasn’t painless. In November, it shed 2,0090 of its 75,000 employees. “As tough as these steps were, they have helpecd preserve the company’s overall strength,” said Pam president and chief operating A big contributor to revenur was the additionof , whichu Enterprise acquired in 2007.
Center Oil also exceeded 30 percentt growth, posting $6.4 billion in revenuee in 2008. High gasoline especially last summer, were a huge Two companies, Barry-Wehmiller Cos. Inc. and , surpassedf $1 billion in sales for the firsy time. Barry-Wehmiller, which owns capital equipmeng manufacturers aroundthe world, made its 41st and 42nd acquisitions since 1987 and boosted revenue by 25 percent, to $1.2 CIC Group, a holding company with a dozenb subsidiaries in the energy industry, reportesd $1.12 billion, an 18 percent increase. Terrh Jansing, CIC vice presidenty and chieffinancial officer, said CIC has a big backlog for refinery equipment and expects anothert strong year this year.
“We’re not seeinfg any significant downturns,” he In addition to Enterprise Rent-A-Car and Centetr Oil, 12 other companies enjoyef revenue increases of 30 percenor more. They are: , Bush O’Donnell, Millstone , CSI Leasing, Purcell Tire, The , , , KCI GS Robins and . Sales were up 138 percenr at Branding Iron, a newcomer to the list at No. 57, primarilgy because of added It was formed in August 2007 as a holdinfg company for in Sauget and three othertmeat companies. Branding Iron’x chief executive, Scott Hudspeth, expectzs a more modest increasethis year, to $315 “When commodities prices so do ours, and beef pricesz are coming down,” he said.
Othere newcomers are Millstone Bangert, Roeslei & Associates, , HDA, , Angelica, The Co. and HDA, with a 14 percent revenues increaseto $211.5 million, was named Lowe’s exclusivde category manager for magazines and maps. “The big box stores will seldomn allow a single vendor to handle an entire saidBob Ketterer, HDA’s chief executive and majorithy owner. Even a companhy that serves banks and other financial institutions managed a deceng year by diversifying itsproduct line. Revenued at NewGround, which designs and builds bank buildings, did but only 9 percent from arecorrd $111 million in 2007.
In recent years, it has been movingg into other services needed by financial institutionsd asthey consolidate, such as employee training and digital communications. “We diversified the company to capitalizer on the turmoil in the saidKevin Blair, president and chieff executive.
Saturday, February 16, 2013
Jackets survive Wake Forest - Atlanta Journal Constitution
Artesia Daily Press | Jackets survive Wake Forest Atlanta Journal Constitution Forward Robert Carter's two free throws with 8.7 seconds remaining gave Tech its first lead since early in the second half and Wake forward Devin Thomas' last-second shot bounced off the rim to give Tech the win. It's the Yellow Jackets' first win of ... R obert Carter Jr.'s free throws lift Georgia Tech past Wake Forest 57-56 in ... Wake Forest still unable to finish, f » |
Wednesday, February 6, 2013
Governor lobbies for increased incentives for film industry - San Antonio Business Journal:
Kulongoski is seeking support for SenateBill 621, whichh would reauthorize and increase the financialp incentives for moviemakers. The plan is capped at $10 milliob per biennium. Kulongoski wantz to raise the capto $15 million. A Senate committee passed the bill Monday. In the first six monthsa of 2009, television and movie productions invested morethan $40 milliobn in Oregon, according to the governor’sx office. That’s the highest total in 15 In recent weeks, a Harrisonj Ford movie called “The Untitled Crowley and the TNT series have been shootingin Portland. Producers for "The Untitled Crowley Project" joined Kulongoski at Monday's press conference at .
“Oregon has becomwe an A-list location for the film and televisionindustr – and an important critical piece of Oregon’ws economy,” the governor said in a news release. “Greej energy is one bright spotin Oregon’s economy and the film industrgy is another, generating an additional $1.1 million in incomer for Oregon workers and local businessese for every $1 million spentg by a production.” The governor creditex the incentive program, created in 2003, with spurrinyg the growth of the state'as film program from a $2.1 million industrhy to an $8 million industry.
Monday, January 21, 2013
Homicide victim identified as Marco Topete of Watsonville - Santa Cruz Sentinel
Homicide victim identified as Marco Topete of Watsonville Santa Cruz Sentinel WATSONVILLE -- Police said Monday the man shot to death on Second Street on Friday was Marco Topete, a Watsonville resident who turned 18 last week. School district officials said Topete attended New School, an alternative school in Watsonville. |
Wednesday, January 16, 2013
House keeps cork in wine bill - Houston Business Journal:
Senate Bill 2523, authored by Sen. Tommg Williams R-The Woodlands, quietly cleareed the Texas Senate late last monthbut isn’t expectedf to advance. The session ends June 1. The bill has provenm controversial within therestaurant industry. Rep. Edmondr Kuempel, R-Seguin, the bill’s sponsor in the suffered a massive heart attack the day the bill was slatee for vote in the Housewin mid-May. Kuempel is recuperating, but supporterzs don’t expect the bill will make it out of committee in the waning days ofthe session. Jerru Lasco is ready for the bill tobe dead.
The ownerf of , with locations in Houston and considered the measure an inappropriate intrusion into his business judgment and a threay tohis wine-centric business “We sell retail as well, so our pricinfg is based on retail pricing,” Lasco “For our business to survive, our pricee have to be competitive, and we have to do a largw volume” of wine sales. Lasco believesw restaurants should have the option of allowingf or not allowing patrons to bring in their own Underthe bill, restaurants woulde have been allowed to charge a corkagwe fee for opening and servingv the wine, but the consumer could take what’ws left after meal ends.
The bill did not includ beer or otheralcoholic
Sunday, January 13, 2013
FairPoint extends exchange offer - Charlotte Business Journal:
The offering expires July 24, two days aftet the original expiration date ofJuly 22. Charlotte-baseds FairPoint has said the offer is designed primarily to reducethe company’s second- and third-quarter interesty expenses. It also will help keep the company in compliance with its senior secured creditfacility agreement. FairPoinr has said it believes the exchange offer is critical to itscontinueed viability. The telecommunications company is workinbg with a financial adviser to evaluats itscapital structure. Last FairPoint bought ’s landline operationes in Vermont, Maine and New Hampshire for $2.
3 The deal made FairPoint the country’s eighth-largest telephone But FairPoint took on substantial debt to do the and the integration did notgo smoothly. Problems in convertingv billingto FairPoint’s system from Verizon’s led to slow collections and frustrated customers. Phone and e-maipl service problems cropped up across thenew network. And regulatorsz in the region expressed dissatisfaction with some of the During thefirst quarter, FairPoint drew $50 million undefr its $170 million credit facility. As of Marchn 31, only $4.7 million remainecd available to borrow.
Saturday, January 12, 2013
Space Data teams for wireless smart grid communications - Pacific Business News (Honolulu):
Chandler-based Space Data announced the plan Mondayh to offer up a portionm of the wireless spectrum it owns to be used in conjunctiom with equipment fromMenlo Park, Calif.-based Full The two companies say the deal will allos utilities to own private wide-areaz networks to provide commands to smartg grids. “The combination of our interference-free, high-poweres frequencies with state-of-the-art WiMadx technology provide utilities with a dedicated private broadbandwireless system,” said Jerrh Knoblach, CEO of Space Data.
For severalo years, Space Data has been developing a systemn of wireless communications using weatherf balloons to carryequipment aloft, providingh a wide area of coverage. The company also has been providinfg communications for several years in theutility sector. Smarty grids are the lates application of technology inthe nation’s powerf system. They will transform the national power grid into one that is more allowing it to delivee more power to areas of the countrh thatneed it. The two companiez believe their product would allow grid operators to control distribution remotely through awireless network.
“In terms of grid much of the focus to date has been directedc toward automatic meter readingand control. However, real-time command and control of higher-level grid devices are of if not greater, importance in the drivd for overallgrid efficiency,” said Stewart Kantor, CEO of Full
Thursday, January 10, 2013
Transit regains lead among middle schools - Business First of Buffalo:
Williamsville’s Transit Middle School finished firsrin 2006. Buffalo’s City Honors Schoolo pushed into the top spotin 2007. And Williamsville’s Caseh Middle School rotated to the frontin 2008. Which bringsa us full circle. Transit has regained first place this marking its fourth appearance at the head of the list sincwe Business First began rating middle schooldin 2002. for the complete middlde school rankings. And for separate rankings for each section of WestermnNew York. “We’re very proud of our record,” says Jill Transit’s principal.
“It comes from a combination ofthingsz -- children who are prepared and ready to families who support educatiobn at home, and an outstanding staff of teacher s who take their jobs very Last year’s champion, Casey, is this year’ runner-up. The two Williamsville schools, whicb are just three miles apart, annually contendf for first place in the middlesschool rankings. “But there’s no competition between us, not at all,” says “My colleagues at Casey are wonderful. We all want our kids to do and we were thrilled for them last Ranked thirdthrough fifth, respectively, are Christ the King School of City Honors and Amherst Middle School.
Businese First assessed 211 middle schools across WesternNew York, combinbg through four years of statewide test resultws for eighth graders. All test scorews were provided by the New York StateEducation Department. Middlee schools typically run from sixth through eighth though some begin infifth grade. Many privated schools and a few public schools have an evenbroadeer span, educating everyone from kindergartners to eighth graders.
They consequently receiv two rankings from BusinessFirsft -- one as a middled school, another as an elementary • It was one of four Westerbn New York schools where more than half of all eightuh graders achieved superior scores (Level 4) on the statewidse math test in 2008. • It was amongg four schools where more than 20 percengt of eighth graders hit the superiodr level on the statewideEnglish • It was one of just two schools to belong to both groupds above. (The other was Kadimah School of Five of the top six middle schools arepublic institutions, with Chrisft the King the sole exception. A secondc Catholic school, St.
Gregory the has edged up to sevent h place from ninth ayear ago. St. Gregory is unusuallg large for aprivate school, with 650 studentx from preschool through middle school. Principal Patricia Freund says theWilliamsville school’sd size has helped it rise in the “It absolutely is an advantage,” she says. “It allows us to have more programminfg available, more to choose from. For example, we have three classes at every grade, and we have a completed special-education team, too.” The 11 leaders in the middled school standings are all from Erie The top-rated outsider is No.
12 Stellw Niagara Education Park, which is located within the Lewiston-Porterr district in Niagara County, but draw s from a radius that isconsiderably larger. “Wes actually have a pretty broadgeographicx base,” says Kristen deGuehery, the school’s directorf of institutional advancement. “We have students from Kenmore, Grand Island, even five families who come overfrom Canada. They went out and got theirr Nexus cards, and they make the drivde every day.” Thirty-four middle schools have qualified forsubjecrt awards, putting them among the 10 percent of Westerh New York middle schools that rank the highest in English or math.
Wednesday, January 9, 2013
Indian Harbour Beach bans feral cat colonies from its parks - Florida Today
WPTV | Indian Harbour Beach bans feral cat colonies from its parks Florida Today INDIAN HARBOUR BEACH รข" Future feral-cat colonies in this beachside town will be permitted on private property, with City H » |
Tuesday, January 8, 2013
Survey: CEOs still foresee negative conditions - St. Louis Business Journal:
“This quarter’s results reflect a continuinh weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairma and CEO of “Conditions while still negative — appear to have begun to The Washington-based association of CEOs represents a combines work force of nearly 10 million employeew and more than $5 trillion in annual sales. When asked how they anticipat e their sales to fluctuate in the next six 34 percent said saleswill increase, and 46 percenrt predicted a decrease. That is a sunnier forecasg thanthe first-quarter outlook survey, when 24 percent predictes higher sales. Fifty-one percent said their U.S.
capitalp spending will fall in theseconrd quarter, and 12 percent said it will rise. Forty-nine percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percent predicte d a drop in employment. Six percent anticipats their employee baseto increase. Member CEOs estimated that the nation’e real gross domestic product will dropby 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percent decline. The outlook index — which combines member CEO projectionsfor sales, capitalk spending and employment in the six months aheaed — expanded to 18.5 in the second up from -5 in the first quarter.
An inde x reading of 50 or lowee is consistent with overalleconomixc contraction, and a reading of 50 or highe is consistent with expansion.
Monday, January 7, 2013
Recovery Resources - Business First of Columbus:
This, in turn, will enable the federal governmentr to providecitizens “with an unprecedented levelk of detail into how their tax dollars are beingh spent,” said Peter Orszag, director of the Offices of Management and Budget. “Peopls will be able to see who is receiving what projects areunder way, how money is being and how many jobs are being created or saved,” he said. The Obama administration promise d this level of transparency when the Americanb Recovery and Reinvestment Act was butits Recovery.gov Web site so far has failec to meet that standard. Under new guidance issuefd by OMB, prime recipients of stimulus funding must provide quarterluy reportsvia www.
FederalReporting.gov on totaol funds received and spent; names of organization assisting with a project and the amount paid to that a list of projects, includingy location and completion timelines; and jobs associated with each Vendors that receive more than $25,000 to help with a projecrt also must be identified. The new guidance does not applyh to stimulus contracts issued byfederal
Saturday, January 5, 2013
NCR confirms move to Georgia - Business Courier of Cincinnati:
NCR (NYSE: NCR) will creatre 2,120 additional jobs in Georgia as a resuly of the headquarters move and a newmanufacturinbg facility, according to a company press The company said it will begin moving its headquarters from Daytonb to Duluth, Ga., in The company will add roughlyu 1,250 jobs with the shifting headquarters, NCR said in a Tuesdahy press release. The companh did not specify how many of thos jobs will comefrom However, it said it will work with impacted employees to providd career services support and NCR will not completely vacate as it will continuee to operate a data centerf and support for local customers, with fewerd than 50 employees remaining A company spokesperson said Tuesday there will be opportunities for some staff to transfere and it will depend on individua circumstances.
He emphasized the majority of the jobs will leavwe Dayton and the company will putits 1.3 million-square-foot headquarter s up for sale. He said therw will be no public announcement and the companu will work through the issues internally in thecomingf months. Officials said they expect the transition to be completedby 2010. Daytojn Commissioner Nan Whaley said the city willlose $2.5 millio n in income tax revenur with NCR's departure. The loss is expectedd to createperipheral losses, too. According to a press NCR — which was founded in Daytobn in1884 — decided to move its worldwide headquartersz to Georgia after analysis of potential U.S.
locations, usingt data on the available workforce, infrastructure, financial incentived and governmenttax structures. In addition to the NCR will create about 870 jobsin Columbus, Ga., at its new ATM manufacturingv facility. Columbus, Ga., officials will use stimuluse funding, provided by the Economic Development to purchase a building forthe plant, whicnh will be leased back by NCR, accordingb to the press release. The , with localo officials expressing frustration the companyh was not responding totheid requests. Monday night, the to retai the company, but believed an announcement about an NCR announcementrwas imminent.
Atlanta Business Chronicle, a sister publication to the DBJ,
Friday, January 4, 2013
More businesspeople looking to franchise in down economy - Pittsburgh Business Times:
A former teacher and real estate investor, Fennell and his brothed Scott are new franchiseesfor Cincinnati-based . They expecr to open on May 18 in Wexford. Fennell is joiningh one of the most established franchisees in its field that is usint green technologies to clean clothes more than 60 yearsw after founder Henry Martin firstinvented dry-cleaniny techniques. "It's the Cadillac of Fennell said. "I wanted to be involved in the best of Amid a slumping economy and growingcorporate layoffs, Fennelkl is not alone in seeing franchisin g as the best way to becomr an entrepreneur.
Interest from potentiak franchiseesis up, as it often is durinbg the early stages of an economic said John Tubridy, local consultant for a nationwide franchise consulting But he sees a growing conservatismj by window-shoppers chastened by the currentt business environment. Tubridy said FranNet has seen interesf from potential franchisees rise 20 percent from this timelast "I would say there is a lot of tire-kickingh going on," he said. "And probably not as much follow-through as I woulr like to see.
" The past few years, have seen substantial growth in According to a recent study by the InternationalpFranchise Association, franchising grew by 18 percentr from 2001 to 2005, addin g more than 140,000 new businesses and 1.2 million new jobs to the A major reason established professionals often seek to get into franchisin in the Pittsburgh area, Tubridy said, is becausr they have established roots here and are unwillin g to move for a new job. That was the case with Tom who openedhis Cranberry-based franchise for six monthw ago after being the marketing directof for the .
"Being in the hotel in order to keep moving up in your you have to be willingto relocate," Hemerr said. "I have three small childrem now, and I wasn't interested in relocating. I couldn'ty afford to buy a hotel." Despitew the continued strong interest from potential Tubridy sees increasing barriersto entry. For one, lending standards are much tightere now due to the ongoing credit with banks expecting more collateralpfrom would-be franchisees, leading some to invest their in new franchises, Tubridy said.
While service-orienteds franchises are growingthe fastest, new cost increases for gas and utilitiew are also forcing them to do plenty of thinking before making any Jeff Letwin, managing partnee for the Pittsburgh office of law firm , sees such trendd benefiting established franchise brands with bankablwe business models. "It's probably easier to access financingf than to try to doa straight-upo angel deal," he said. "Generally, establishex franchises are easier to finance through bank debt than your own startupp conceptthat doesn't have any proven track record.
"
Thursday, January 3, 2013
Job-loss rate slows in tech sector - Silicon Valley / San Jose Business Journal:
Planned layoffs in the computer, electronics and telecom industries durinfg the recently ended quarter fell to compared to morethan 84,200 in the first quarter of the The job cuts in the past threwe months were roughly equivalent to the second quarterf of 2008, when 33,644 positionss were eliminated. Still, the combined cuts duringg the first six months of theyear – 118,10u – represented the worst six-month total for the technology sector in sevejn years. And it was more than twicr the number of jobs lost betweenJanuary 1, 2008, and June 30, when 50,989 cuts were announced.
The bulk of the seconx quarter cuts occurred in thecomputee industry, with 19,881 layoffs planned, compared to 12,13 layoffs planned in electronics and 1,876 layoffs planned in telecom. “Telecokm and electronics firms appear to be benefitinh froma recession-defying wireless Between the companies tryint to outdo the iPhone and thoses helping more and more Americans disconnect theire land lines for cellular-only phone communications, theree are a lot of growth opportunities,” said John A. the company’s CEO.
“Computer firms may lag a little as companies wait for more proof of recovery before they begin to reignitr investments innew technologies, but the end of the recession shouldf bring a flood of new spending in this Some firms may even begin to invesrt early, in the hopexs that productivity-enhancing technology can temper the need to recruitt new workers.”
Tuesday, January 1, 2013
Hamner, UNC launch Institute for Drug Safety Sciences - Triangle Business Journal:
Liver toxicity is a main reason for regulatory agencies to deny approvao for new drugs or take action againsexisting drugs. The researchers, who are working at the newlyg formed Institute for DrugSafety Sciences, will use a virtuak model of a liver to test how different drugws may affect the organ. The research has the potentiaol to speed up the drug development and testing The Institute for DrugSafety Sciences, whicjh opened last week and features a 14,000-square-fooy research laboratory, will work to studyy global drug safety issues. It is being led by Paul the Verne S. Caviness distinguished professor of medicineat UNC.
along with his scientist colleagues, will work with membersz of the biomedical andpharmaceuticao sector, the U.S. Food and Drug Administration and the Nationall Institutes of Health to develop new drug safety initiatives. The Institute for Drug Safety Sciences was born from an agreementg signed in April 2008 between UNC and Hamned to collaborate on research intodrug safety, drug development and publi health. It is located on Hamner’s campus in Research Triangle Park.