hydiuco.blogspot.com
The region includes Illinois, Indiana, Ohio, Michigan and Wisconsin. Negotiationsa continue for all remaining Candice Johnson, a representative for the , said Wednesday. The tentativee labor contract with the Midwest region includesa three-yearr agreement with pay and pension increases, cost-of-living adjustments and healthn care benefits that include fullyy funded preventive care and health reimbursement accounts, the unio for employees and AT&T (NYSE: T) said Wednesday. The employees affectedr by the tentative agreement include callcenter staffers, customer servics representatives and technicians. The employees were representec bythe CWA.
Johnson said employees in the union still have to ratifythe agreement. The vote takesw place Aug. 7. The agreement does not end AT&T’sa negotiations with communications workers. Johnson said that AT&gT still has 100,000 CWA employees in other divisions in the process of labor contractf negotiations but that she remains optimistic becauswe key health care concerns were addressed in the latestgtentative contract. “What was difficul is we are in a struggling she said. “The health care crisis has affected every It was very important for workers to maintaimn quality healthcare benefits.
” She addedc that the company agree to continue working with unionn members on health benefits. Despite telecommunications companies’ focus on wireless services, Johnsobn said the need for wirelin services and workers is verymuch “I think that AT&T has showb that you need a good wirelinre base,” she said, adding that wireless systeme are often built off the wireline networks. “Icf you look at the numbed of lines, yes there is a decrease,” Johnsonn said, but she added that integrating the wirelessx and wireline networks into efficient networkxs remains a crucial part ofthe business.
Tuesday, August 30, 2011
Sunday, August 28, 2011
Blue Shield names new chief medical officer - Triangle Business Journal:
asafevboriegum.blogspot.com
senior vice president and chiefmedicall officer, replacing Dr. Alan Sokolow, who accepted a position with in Southerj California latelast year, according to Blue Shield. Officials at the San Francisco-basedr health plan said Mathews will overses all ofits health-care including prevention and wellness programs, disease and case maternity management, pharmacy benefits medical policies, centers of clinical quality, transparency strategies and utilization management. Mathews has more than two decadea of experience in healthplan management.
Most he was chief medicall officer forDaVita VillageHealth, where he oversaw the company’s diseases and care management programs for patients with end-stage renal disease and chronic kidney disease. Prior to that, Mathews was CMO for diseasde management specialist Blue Shieldd is one ofthe state’s largest health plans, with 3.4 million enrolleeds in various health insurance plans, includingg 1.2 million HMO enrollees and 1.56 million PPO memberxs statewide.
senior vice president and chiefmedicall officer, replacing Dr. Alan Sokolow, who accepted a position with in Southerj California latelast year, according to Blue Shield. Officials at the San Francisco-basedr health plan said Mathews will overses all ofits health-care including prevention and wellness programs, disease and case maternity management, pharmacy benefits medical policies, centers of clinical quality, transparency strategies and utilization management. Mathews has more than two decadea of experience in healthplan management.
Most he was chief medicall officer forDaVita VillageHealth, where he oversaw the company’s diseases and care management programs for patients with end-stage renal disease and chronic kidney disease. Prior to that, Mathews was CMO for diseasde management specialist Blue Shieldd is one ofthe state’s largest health plans, with 3.4 million enrolleeds in various health insurance plans, includingg 1.2 million HMO enrollees and 1.56 million PPO memberxs statewide.
Friday, August 26, 2011
Charles Pope named new CFO at Aerosonic - Tampa Bay Business Journal:
chauezhelolocu1622.blogspot.com
Charles Pope most recently held similarr posts at companies suchas STRC), Utek (NASDAQ: ) and , now a subsidiary of KBALB). "Charlie Pope bringsa a broad base of financial expertisre as well as a solid reputation in the financial communitg and a deep understanding of the financialk requirements of a public saidDavid Baldini, president and chief executiver officer of Aerosonic (AMEX: AIM). Pope has more than 25 yearxs of financial management experience and was formerlyu a partnerat PricewaterhouseCoopers, a release said. Colbergt Aug. 10 and was temporarilyy replaced by controllerDoug Morris.
Company officialse said Colbert's departure had nothing to do with his and no integrity issues had been raised in termasof Aerosonic's financial statements. Revenued at Aerosonic in the second quarter, according to filings with the Securitiess and Exchange Commission. The Clearwater-based aviation produce manufactured reported a net lossof $1.3 million, or 37 centss per share, on revenue of $5.3 millioh compared to a net loss of or 2 cents per on revenue of $7.
6 million the year
Charles Pope most recently held similarr posts at companies suchas STRC), Utek (NASDAQ: ) and , now a subsidiary of KBALB). "Charlie Pope bringsa a broad base of financial expertisre as well as a solid reputation in the financial communitg and a deep understanding of the financialk requirements of a public saidDavid Baldini, president and chief executiver officer of Aerosonic (AMEX: AIM). Pope has more than 25 yearxs of financial management experience and was formerlyu a partnerat PricewaterhouseCoopers, a release said. Colbergt Aug. 10 and was temporarilyy replaced by controllerDoug Morris.
Company officialse said Colbert's departure had nothing to do with his and no integrity issues had been raised in termasof Aerosonic's financial statements. Revenued at Aerosonic in the second quarter, according to filings with the Securitiess and Exchange Commission. The Clearwater-based aviation produce manufactured reported a net lossof $1.3 million, or 37 centss per share, on revenue of $5.3 millioh compared to a net loss of or 2 cents per on revenue of $7.
6 million the year
Wednesday, August 24, 2011
New Mexico oil and gas drilling plummets - Houston Business Journal:
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Jason Sandel, executive vice president of in said the sudden reductiohn in activity since last fall hasbeen “The number of drilling rigs that have shut down almosgt instantaneously throughout all companiesa and operations, combined with the length of time producers say they will remaijn down, makes this situation unique,” said Sandel, who is also a Farmingtonh city councilor. “There were some tough timex in the 1980sand 1990s, but what we’re facing right now is abou t the worst we’ve experienced.” When drilling activity everything else follows close behind, Sandel said.
As of 24 of the 41 drilling rigs assigned to the San Juan Basinj in northwestern New Mexico hadceased “Drilling is always the first service impacted in a Sandel said. “Everything else follows suit, becauser if there’s no drilling, then there’e no equipment or water to be hauled and no compressorswto operate. The idling of drilling rigs is realluy justthe beginning.” Free-falling pricea are a major Oil for February delivery fell below $35 per barrelo this week on the , down from a peak of $147 per barre l last summer. And, natural gas prices are currently earning $4.
83 per 1,000 cubic feet, comparedf to more than $6 per MCF last Industry representatives also blame advers e environmental regulations, especially new state rules on the management of oil-and-gax pits that took effect in New Mexico last “The overzealous and out-of-control regulatory environment makes it very tough to do business in New said Bob Gallagher, president of the . “I’de say that’s even a bigger concern than price Sandel said restrictive regulations and declining prices make for akillerd combination. “I see it as the perfecrt storm,” Sandel said. “Both declining prices and the rising cost of doinh business are causingthe downturn.
” Estimatesw on layoffs are not yet available, said Margaret McDaniel, directorf of the . “The numberzs are just starting totrickle in, but basically everythin is slowing down,” McDaniel said. Sande l said at least 552 drilling workers have been laid off in the northwestern quadrant ofthe state, sincw each drilling rig includes 23 workers and and 24 rigs are currently shut down in the San Juan The layoffs include 200 of Aztec’es 750 employees, Sandel said. Texas-based — the largest natural gas producer in the San Juan Basin announcedon Jan. 16 that it will lay off abouft 4 percent of its global work ornearly 1,350 employees worldwide.
“Therwe haven’t been any layoffs in New Mexicko yet,” said spokesman Jim Lowry. “We need to first assesds where it will take but we’ll make those announcements in a few The situation is similar in the Permian Basinb in southeastern New Mexico, said Raye Miller of Artesia-based “Ths southeast part of the state is seeingf significant reductions in rig activity,” Mille said.
“We had five rigs contracte to us last year andnow we’re down to We’re about to go down to three, and if price s don’t improve, we’ll go down to two in the next few Most other companies operating in the Permian Basin are also cuttintg back, including and , Miller “The situation is basically the same for all companiesx in the area, and if production companies are cutting back, then the service companiese that work for them are also cuttinv back.
It’s happening pretty much acrossthe
Jason Sandel, executive vice president of in said the sudden reductiohn in activity since last fall hasbeen “The number of drilling rigs that have shut down almosgt instantaneously throughout all companiesa and operations, combined with the length of time producers say they will remaijn down, makes this situation unique,” said Sandel, who is also a Farmingtonh city councilor. “There were some tough timex in the 1980sand 1990s, but what we’re facing right now is abou t the worst we’ve experienced.” When drilling activity everything else follows close behind, Sandel said.
As of 24 of the 41 drilling rigs assigned to the San Juan Basinj in northwestern New Mexico hadceased “Drilling is always the first service impacted in a Sandel said. “Everything else follows suit, becauser if there’s no drilling, then there’e no equipment or water to be hauled and no compressorswto operate. The idling of drilling rigs is realluy justthe beginning.” Free-falling pricea are a major Oil for February delivery fell below $35 per barrelo this week on the , down from a peak of $147 per barre l last summer. And, natural gas prices are currently earning $4.
83 per 1,000 cubic feet, comparedf to more than $6 per MCF last Industry representatives also blame advers e environmental regulations, especially new state rules on the management of oil-and-gax pits that took effect in New Mexico last “The overzealous and out-of-control regulatory environment makes it very tough to do business in New said Bob Gallagher, president of the . “I’de say that’s even a bigger concern than price Sandel said restrictive regulations and declining prices make for akillerd combination. “I see it as the perfecrt storm,” Sandel said. “Both declining prices and the rising cost of doinh business are causingthe downturn.
” Estimatesw on layoffs are not yet available, said Margaret McDaniel, directorf of the . “The numberzs are just starting totrickle in, but basically everythin is slowing down,” McDaniel said. Sande l said at least 552 drilling workers have been laid off in the northwestern quadrant ofthe state, sincw each drilling rig includes 23 workers and and 24 rigs are currently shut down in the San Juan The layoffs include 200 of Aztec’es 750 employees, Sandel said. Texas-based — the largest natural gas producer in the San Juan Basin announcedon Jan. 16 that it will lay off abouft 4 percent of its global work ornearly 1,350 employees worldwide.
“Therwe haven’t been any layoffs in New Mexicko yet,” said spokesman Jim Lowry. “We need to first assesds where it will take but we’ll make those announcements in a few The situation is similar in the Permian Basinb in southeastern New Mexico, said Raye Miller of Artesia-based “Ths southeast part of the state is seeingf significant reductions in rig activity,” Mille said.
“We had five rigs contracte to us last year andnow we’re down to We’re about to go down to three, and if price s don’t improve, we’ll go down to two in the next few Most other companies operating in the Permian Basin are also cuttintg back, including and , Miller “The situation is basically the same for all companiesx in the area, and if production companies are cutting back, then the service companiese that work for them are also cuttinv back.
It’s happening pretty much acrossthe
Sunday, August 21, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Nashville Business Journal:
jiqatili.wordpress.com
million. The Kansas City Business Journal reportedr that the Prairie Village the Corinth Square shopping center in Prairie Village and the Fairway Shops in Fairway were undeer contract to investors ledby Lane4, a Kansas City-based commercial real estate brokeragse and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale pricde in aThursday release. The threer shopping centers have a combined 2009 appraised value ofabouty $64 million, according to figures from the Johnsomn County Appraiser’s Office. The three shopping centers containm 416,000 square feet combined and were, on average, 94.
5 percenr leased and 55 years old, Highwoods The properties generate a combined annual cash net operatinvg income ofabout $5.4 million. The new owners plan no “immediate major changes” to the shopping centers, Jeff Berg, senior vice president and principaplof Lane4, said in a separate release “We intend to enhance and upgrade the centers as opportunities arise over time, but these improvementzs will not change their basicf character,” Lane4 President Owen Bucklety said in the release.
“We look forwarr to taking good care of them and feel they represent an excellent opportunity to invest in our Kansas City developer Jesse Clyde Nichols builtythe grocery-anchored shopping centers in the and the JC Nichols Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journal reportedr that the Prairie Village the Corinth Square shopping center in Prairie Village and the Fairway Shops in Fairway were undeer contract to investors ledby Lane4, a Kansas City-based commercial real estate brokeragse and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale pricde in aThursday release. The threer shopping centers have a combined 2009 appraised value ofabouty $64 million, according to figures from the Johnsomn County Appraiser’s Office. The three shopping centers containm 416,000 square feet combined and were, on average, 94.
5 percenr leased and 55 years old, Highwoods The properties generate a combined annual cash net operatinvg income ofabout $5.4 million. The new owners plan no “immediate major changes” to the shopping centers, Jeff Berg, senior vice president and principaplof Lane4, said in a separate release “We intend to enhance and upgrade the centers as opportunities arise over time, but these improvementzs will not change their basicf character,” Lane4 President Owen Bucklety said in the release.
“We look forwarr to taking good care of them and feel they represent an excellent opportunity to invest in our Kansas City developer Jesse Clyde Nichols builtythe grocery-anchored shopping centers in the and the JC Nichols Co. sold them to Highwoods in 1998.
Friday, August 19, 2011
Seventeenth Street Plaza sold to HRPT - Baltimore Business Journal:
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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmeng trust that owns and operates officew andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Stree t Plaza is located at 122517th St., acrossa from the Tabor Center retail and hotel complex. It was develope d by what’s now Jonees Lang LaSalle Inc. of Chicago, and was completed in 1982. Previous ownerds include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant LendLease Corp. Ltd. took over the buildinyg in the 1990s after itacquiree ERE.
JPMorgan quietly put the buildintg on the market inearly 2008, asking $385 per squarse foot, or roughly $250 million, broker s said. Brookfield Properties Corp. of New York and Toronto had the building under contract to purchase last summerfor $225 but the deal was not consummated becauss of the debt crisis’ impact on Brookfield’as lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percent leased and includes Ink! Coffee and Heidi’x Brooklyn Deli outlets. It is home to the headquarters of Molson CoorsBrewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmeng trust that owns and operates officew andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Stree t Plaza is located at 122517th St., acrossa from the Tabor Center retail and hotel complex. It was develope d by what’s now Jonees Lang LaSalle Inc. of Chicago, and was completed in 1982. Previous ownerds include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant LendLease Corp. Ltd. took over the buildinyg in the 1990s after itacquiree ERE.
JPMorgan quietly put the buildintg on the market inearly 2008, asking $385 per squarse foot, or roughly $250 million, broker s said. Brookfield Properties Corp. of New York and Toronto had the building under contract to purchase last summerfor $225 but the deal was not consummated becauss of the debt crisis’ impact on Brookfield’as lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percent leased and includes Ink! Coffee and Heidi’x Brooklyn Deli outlets. It is home to the headquarters of Molson CoorsBrewing Co.
Wednesday, August 17, 2011
State higher-education board awards major grants to San Antonio College - St. Louis Business Journal:
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The Texas Higher Education Coordinatintg Board is furnishing the funding over the next three One grant will support a summer bridge programn to serve 11th and 12th grade studentds from San Antonio Independent School San Antonio College wantas to help students from the schoolk district who are not colleg e ready make the transition from high schoolpto college. Another grant will support SanAntoniop College’s Senior Summer Program, which accept recent graduates from Jefferson, Fox Tech, Lanier, Highlands, Kennedy, Holmes, Jay, Lee and Alamo Heights high These students have an opportunity to earn up to seven college credits.
The third gran t will allow San Antonio College to recruit, assess and enroll 11th and 12th grader from Edgewood Independent School These students will be provided with college-readinessx coursework in English and math and receive one-on-one counseling, tutorinv and participate in field trips. “These grantds will give us many more resources to help studentxs succeed academically and move onto college,” San Antoniko College President Robert E. Zeigler says. “Achieving academic succesas will help students have fulfilling careers and improve the quality of life inour community.
We enjoyu our relationships with local high schools and see these programs as beneficial to the colleg eand students.” These programs are offerexd through the college’s divisioh of evening, weekend and distance The state awards grants to community colleges and participatingf school districts as a way to help low-income students do well in college.
The Texas Higher Education Coordinatintg Board is furnishing the funding over the next three One grant will support a summer bridge programn to serve 11th and 12th grade studentds from San Antonio Independent School San Antonio College wantas to help students from the schoolk district who are not colleg e ready make the transition from high schoolpto college. Another grant will support SanAntoniop College’s Senior Summer Program, which accept recent graduates from Jefferson, Fox Tech, Lanier, Highlands, Kennedy, Holmes, Jay, Lee and Alamo Heights high These students have an opportunity to earn up to seven college credits.
The third gran t will allow San Antonio College to recruit, assess and enroll 11th and 12th grader from Edgewood Independent School These students will be provided with college-readinessx coursework in English and math and receive one-on-one counseling, tutorinv and participate in field trips. “These grantds will give us many more resources to help studentxs succeed academically and move onto college,” San Antoniko College President Robert E. Zeigler says. “Achieving academic succesas will help students have fulfilling careers and improve the quality of life inour community.
We enjoyu our relationships with local high schools and see these programs as beneficial to the colleg eand students.” These programs are offerexd through the college’s divisioh of evening, weekend and distance The state awards grants to community colleges and participatingf school districts as a way to help low-income students do well in college.
Monday, August 15, 2011
Downtown at the Gardens faces foreclosure - New Mexico Business Weekly:
fusajacuxejilyp.blogspot.com
The 337,000-square-foot shopping complex openedc in 2005 with high hopes of capitalizint on the wealthy residents of norther PalmBeach County, but it has lost many of its original Downtown at the Gardens is owned by , a joint venturw between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a succesws initially, but a flawed design and expensiv rent didit in, said Orin Rosenfeld, VP of ' retaik services group in Boca Raton. People frequentecd the movie theater and restaurants on the exterior of the but the retailers on the insidwe are dying because they get sparse foot traffic, he said.
"It wasn't designee to have a proper flow of traffifc throughthe project," Rosenfelcd said. "They need to get someone inside there to drawpeople in." A message left at the managemeng office of Downtown at the Gardensw was not immediately returned. On July 1, BH AABE DATG, an affiliatw of Boca Raton-based and Rockville, Md.-based Berman Enterprises, filecd a foreclosure complaintagainst , according to Palm Beach County Circuit Court records. It seeks foreclosured on the property, at 11701 Lake Victoriw Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures boughtr the shopping center’s mortgage from in January.
In April, it signefd a modification agreement withthe mall’s owner that requirerd it to make a $3.3 million escrow deposi t as additional security until the properthy improves its debt services coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy Agus Ventures inthe lawsuit, said Downtown at the Gardenz Associates missed the June 1 mortgagee payment. He said the developerf is working with his client on a smoot h transition to hand overthe property. They filed a joint stipulatedd judgment of foreclosure proposal withthe “My clients are multigenerational real estate developers,” Dunkel said.
“Theirt intention is to invest in this project and revitalizse Downtown atthe Gardens. They want to make it the significanyt project that it was expectedto
The 337,000-square-foot shopping complex openedc in 2005 with high hopes of capitalizint on the wealthy residents of norther PalmBeach County, but it has lost many of its original Downtown at the Gardens is owned by , a joint venturw between Skokie, Ill.-based and the . manages the shopping Main tenants includeCobb Theater, , the , TooJay’sx and RA Sushi. Downtown at the Gardens was a succesws initially, but a flawed design and expensiv rent didit in, said Orin Rosenfeld, VP of ' retaik services group in Boca Raton. People frequentecd the movie theater and restaurants on the exterior of the but the retailers on the insidwe are dying because they get sparse foot traffic, he said.
"It wasn't designee to have a proper flow of traffifc throughthe project," Rosenfelcd said. "They need to get someone inside there to drawpeople in." A message left at the managemeng office of Downtown at the Gardensw was not immediately returned. On July 1, BH AABE DATG, an affiliatw of Boca Raton-based and Rockville, Md.-based Berman Enterprises, filecd a foreclosure complaintagainst , according to Palm Beach County Circuit Court records. It seeks foreclosured on the property, at 11701 Lake Victoriw Gardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy & Agus Ventures boughtr the shopping center’s mortgage from in January.
In April, it signefd a modification agreement withthe mall’s owner that requirerd it to make a $3.3 million escrow deposi t as additional security until the properthy improves its debt services coverage ratio and its occupancy West Palm Beach-based attorney Gary M. who represents the Ashkenazy Agus Ventures inthe lawsuit, said Downtown at the Gardenz Associates missed the June 1 mortgagee payment. He said the developerf is working with his client on a smoot h transition to hand overthe property. They filed a joint stipulatedd judgment of foreclosure proposal withthe “My clients are multigenerational real estate developers,” Dunkel said.
“Theirt intention is to invest in this project and revitalizse Downtown atthe Gardens. They want to make it the significanyt project that it was expectedto
Saturday, August 13, 2011
Lenovo increases market share, still No. 4 in PC sales - The Business Journal of Milwaukee:
http://www.fasett.info/faqxs.html
Morrisville-based Lenovo shipped more than 5.7 million PCs in the secondc quarter, enough for an 8.7 percent markef share. That’s up from 8.2 percent in the same period last remains the leaderwith 19.8 percent market share, followeed by Dell at 16.1 percent and Acer at 10 rounds out the top five with 5.3 percenft market share. Overall, sales for all PC maker are downby 3.1 percent compared to last a decline that IDC attributes to the global economi c downturn. But IDC also says the slump has been mitigated by a changes in the PC market that emphasizes a portableand cost-oriented computer experience rather than a performance-driven one.
Loren Loverde, director of IDC’s Worldwide Tracke r Program, said in a statement that the resultsw are a positive indicator for the secondd halfof 2009. New productr launches, seasonal growth and greate r economic confidence should support a returnn to growth for PC makers by the end ofthe year, he said. But business customerws continue to hold back growth as many businesses remaihn conservative withtheir spending.
Morrisville-based Lenovo shipped more than 5.7 million PCs in the secondc quarter, enough for an 8.7 percent markef share. That’s up from 8.2 percent in the same period last remains the leaderwith 19.8 percent market share, followeed by Dell at 16.1 percent and Acer at 10 rounds out the top five with 5.3 percenft market share. Overall, sales for all PC maker are downby 3.1 percent compared to last a decline that IDC attributes to the global economi c downturn. But IDC also says the slump has been mitigated by a changes in the PC market that emphasizes a portableand cost-oriented computer experience rather than a performance-driven one.
Loren Loverde, director of IDC’s Worldwide Tracke r Program, said in a statement that the resultsw are a positive indicator for the secondd halfof 2009. New productr launches, seasonal growth and greate r economic confidence should support a returnn to growth for PC makers by the end ofthe year, he said. But business customerws continue to hold back growth as many businesses remaihn conservative withtheir spending.
Wednesday, August 10, 2011
Aziz Ansari on 30 Minutes or Less, Paying Dues, and His Judd Apatow ... - Movieline
pabigy.wordpress.com
Movieline | Aziz Ansari on 30 Minutes or Less, Paying Dues, and His Judd Apatow ... Movieline According to Ansari, he's just been paying his dues. “You look at people like Steve Carell, Will Ferrell and all those guys,†Ansari explained to Movieline during a brief chat at San Diego's Comic-Con last month, where he joined director Ruben ... |
Monday, August 8, 2011
Kauffman: Venture capital industry needs to shrink - Birmingham Business Journal:
http://pendennisclub.org/history.html
Only 16 percent of the 900 companiezs thatmade ’s list of the fastest-growinhg companies from 1997 to 2007 receivesd venture capital, the study found. Less than 1 percent of the estimater 600,000 new businesses a year that hire employeea are backedby VCs. The study said the VC industr needs to shrink because its returns are stagnatintg or declining while its assetes under managementare growing. Over a 10-yearr time frame, returns on venturre investments were 10 percent belosw the Russell 2000 Indexof small-cap stocks. The study notee that information technology and telecommunications are maturre andless capital-intensive now.
Plus, the stocjk market and potential corporate buyers are less intereste in young and unprofitable companies thanin VC’s “Venture participants now need to overcome their resistance to change, so they can most effectivelg fund entrepreneurs and offer investors competitive said Paul Kedrosky, a Kauffman senior felloww who authored the study. – Kent Hoover
Only 16 percent of the 900 companiezs thatmade ’s list of the fastest-growinhg companies from 1997 to 2007 receivesd venture capital, the study found. Less than 1 percent of the estimater 600,000 new businesses a year that hire employeea are backedby VCs. The study said the VC industr needs to shrink because its returns are stagnatintg or declining while its assetes under managementare growing. Over a 10-yearr time frame, returns on venturre investments were 10 percent belosw the Russell 2000 Indexof small-cap stocks. The study notee that information technology and telecommunications are maturre andless capital-intensive now.
Plus, the stocjk market and potential corporate buyers are less intereste in young and unprofitable companies thanin VC’s “Venture participants now need to overcome their resistance to change, so they can most effectivelg fund entrepreneurs and offer investors competitive said Paul Kedrosky, a Kauffman senior felloww who authored the study. – Kent Hoover
Saturday, August 6, 2011
J.G. Wentworth bankruptcy plan OK
http://www.0et0.com/2006/babygirlsn.html
As part of the deal, J.G. Wentworth’e parent, private equity firm of New York, will inves $100 million of new equity to supportongoinh operations. It will also provide as much as $35 million for the company to buy loans from lenders in exchanged for new preferred interestds inthe company. The Bryn Mawr, Pa.-based compangy sought acceptance of its plan from its lenders beforw what is called a prepackaged More than 90 percent of the term lenders thecompany said. J.G.
Wentworth said its decision to file for Chaptet 11 came after an extensive revieq of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing and was unanimously approved by the company’s board of directors. In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founded in 1991, it moveed from Philadelphia to Bryn Mawrin 2003.
As part of the deal, J.G. Wentworth’e parent, private equity firm of New York, will inves $100 million of new equity to supportongoinh operations. It will also provide as much as $35 million for the company to buy loans from lenders in exchanged for new preferred interestds inthe company. The Bryn Mawr, Pa.-based compangy sought acceptance of its plan from its lenders beforw what is called a prepackaged More than 90 percent of the term lenders thecompany said. J.G.
Wentworth said its decision to file for Chaptet 11 came after an extensive revieq of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing and was unanimously approved by the company’s board of directors. In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founded in 1991, it moveed from Philadelphia to Bryn Mawrin 2003.
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