Tuesday, August 30, 2011

Alarming trend of violence in Nigeria - UPI.com

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Globe and Mail


Alarming trend of violence in Nigeria

UPI.com


LONDON, Aug. 29 (UPI) -- The bombing of a UN building in Nigeria, claimed by Islamist group Boko Haram, is part of a troubling trend in the country, a scholar notes. Nigerian President Goodluck Jonathan was quoted by the BBC during the weekend as ...


Economic neglect, corru! ption fuel Nigerian militants

Globe and Mail



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Sunday, August 28, 2011

NCSU chancellor: Mary Easley should resign - Triangle Business Journal:

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Oblinger made his view known on Mondah after participating in a groundbreaking ceremony onCentennial Campus, NCSU spokesmann Keith Nichols said. When asked by a reporter if he thought Easlegshould resign, Oblinger said, “It’s in the best interest of the The response from the chancellor came in the wake of the resignationws of both Provost Larry Nielsen and of McQueen Campbell, chairmab of the NCSU Board of The resignations came amidst concerns that they actedx improperly in the Easley hiring. Nielsejn and McQueen both have deniedany wrongdoing. In disputee are the circumstances around the hirin of Easley in 2005 to help with managing a speaked series atthe university.
That position which came witha $90,000 a year salaruy – was expanded last summer to include leadin the creation of an academicx center for law enforcement and first responders. With the addexd responsibilities, Easley’s salary was increased to $170,000 in

Friday, August 26, 2011

For Frittelli, an opportunity to quell a quest, enrich a rivalry - Austin American-Statesman (blog)

srikanth-topic.blogspot.com


For Frittelli, an opportunity to quell a quest, enrich a rivalry

Austin American-Statesman (blog)


Texas senior Dylan Frittelli of South Africa marched through his first match at the 111th US Amateur with nary a concern, bouncing Jim Markovitz of Bridgeville, Pa., 5 and 4. ...



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Tuesday, August 23, 2011

Sieger Suarez firm HQ faces foreclosure - South Florida Business Journal:

http://silentpwr.com/aboutus.htm
FirstBank Florida filed a foreclosure action on May 13 againsyGS2 Corp., Charles M. Sieger, Jose Suarez and Ronald I. It is based on a $3.9 milliomn mortgage covering the 30,454-square-foot office building at 5996 S.W. 70th St., in Sieger and Suarez are partnerw in the Sieger SuarezArchitecturao Partnership, whose projects include 50 Biscayne in Trump International Sonesta in Sunny Isles Portofino Tower in South Beachu and the St. Regis, Bal Harbour, which is now under according to itsWeb site. GS2 is a real estat firm affiliated with Sieger Suarez Architectural Partnership and managedby Gaines.
Miami-based attorney Cherish Thompson, who representds FirstBank Florida inthe lawsuit, did not immediately return a call seekingy comment. Not only has the near halt in new condo project s hurtarchitectural firms, but Sieger Suarez has struggled with its own fora into condo development. has pendingy foreclosure lawsuits against three Miami Beach projectss that were under construction by affiliates of thearchitectural firm: Terra Beachside Terra Beachside Villas II and Cabansa on Collins. Sieger did not immediatelhy return a callseeking comment.

Sunday, August 21, 2011

Most Eddie Bauer stores to stay open - Phoenix Business Journal:

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The Seattle company announced that it struck an agreementg withNew York–based private equity firm LLC to buy Eddiee Bauer’s assets, subject to an auction and bankruptcy court approval. It has stores at Chandler Fashiom Center, Arizona Mills mall in the new SanTan Village Mallin Gilbert, Scottsdale Fashion Square. CCMP Capitalp intends to operate the business as a going concerhn with little orno long-term debt. According to Eddir Bauer, CCMP Capital has agreed to keep a majority of the 371 storese open and retain a majority ofthe employees.
CCMP Capital specializes in buyouts and looks for investmenr opportunities in retail and other and has made investments in the outdoors specialtretailer Cabela’s, which sells fishing and camping gear. Its portfolio also includess stakes in Quiznos AMC Entertainment and Aramark Eddie Bauer said it hopes to operat business as usual during bankruptcy court proceeding s and has asked for court approval to continue paying vendor sand workers. The company also said it intends to honot customergift cards, returns and loyalty progran points. The company also announced that it has secured a commitment from its existing revolvingcredi lenders, Bank of America, N.A.
, and /Business Credit, Inc. for so-calledx debtor-in-possession financing of $90 million on an interim basiszand $100 million based on the finak court order. The move, the company said, should provide it with ample cash flow to continue payingits “Eddie Bauer is a good company with a great branr and a bad balance sheet. This process will allow the businessa to emerge with farless debt, positioned for growth as the economyh recovers and as our new product gain traction,” said Neil Fiske, Eddie Bauer president and chietf executive officer, in a statement.
“We expect this procesxs to be completed very protecting our employees and critical vendor partnerse every step ofthe way. “We have made good progressa on our turnaround strategy of returning Eddie Baueer to its heritage as an active outdoor brand and have excitintg new product launches on the way to includingFirst Ascent, our return to expedition-grade outerwear and gear. a crushing debt burden placed on the company from the Spiegeol reorganizationin 2005, combined with the severe, prolongeed recession, have left us with no choices but to use this process to reduce the debt load on the

Friday, August 19, 2011

BB&T to repay TARP - The Business Journal of the Greater Triad Area:

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BB&T CEO Kelly King said his bank will move quicklu to exit the portion ofthe government’s Troubled Asset Reliedf Program or TARP that had provided $3.1 billion in capitakl in return for preferred sharew of BB&T stock last November. “This is an important achievementfor BB&T,” King “Repaying the government’s investment will give us greate flexibility to benefit significantly from future opportunities that will be availablre as we emerge from this recession.
” Winston-Salem-basedr BB&T will record a charge of $48 million in the seconds quarter of this year, which reflects the difference between the amortizeds cost of the preferred stock and the repurchase The repurchase should not have a materiapl impact on quarterly results, the bank said. BB&T is amon g many institutions that accepted the money made available by the government to banks duringh the height oflast year’x financial collapse, when other sourcesw of capital that could fund loans to supporrt the economy dried up.
The Treasury Department did not identifyg the banks it had given permissiobn to repaytheir capital, but others that have announcer their approval themselves include Morgann Stanley, U.S. Bancorp, Capital One Financial and American

Wednesday, August 17, 2011

Carpet executive rolls out small-shop buying group - Business Courier of Cincinnati:

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The flooring industry is essentiallyan oligopoly, with one or two majoer chains dominating and all the independents strugglin g for the remaining market share. So the former Buddy’es CEO in April launchefd a buying company that would help small retailerws not justwith inventory, but with image. Callecd , the company is designed to give mom-and-pop shops similae purchasing poweras big-box chains. But unlikse many buying groups, which purchaser in bulk on behalg of a group ofretail members, Amerifloors also offers marketing, Web site creation and regulad training. It serves to build the image ofits retailers, a strategyy that helped it land six members, representing salex of $8 million.
The goal is to sign 20 retailersa byJune 2009. “Our strength is not allowing our brancd to get inthe way,” Goodyear “Our retailers have a good brandd image. What we want to do is come in and teach them how to enhancethat image.” Small retailers want the same, they just don’t have For many, managing the day-to-day demandsd of opening shop and fulfilling orders is a 14-hour-a-day endeavor. So Goodyear has partnered with downtowm to manage the marketing features ofhis company.
For a basicc fee, a retail partnet can: • Access merchandisse at a leveraged rate, • Have access to onlinr tools to reachconsumers directly, eithe for broad announcements or specialize d messages; • Get online training from sales tutorials to advanced each lesson ending with a test; • Benefity from ongoing customer research by Amerifloors, which is gatheredd through surveys and on-site visits. “I n terms of a $1 millio n or $2 million retail outlet, that was blue-sky kind of said Bryan Wright, a spokesman for Strata-G. “They’re thinking about keeping the lights on and thetoilets running.
” In time, Goodyear hopes to also be able to provid the group health insurance, workers’ compensation insurancew and installation insurance. But that won’ t be possible until Amerifloors reaches a critical mass of about 20, generating sales of $15 million to $20 million. Goodyear hatchedc the idea of a full-service buyintg group during his two yearsrunnin Buddy’s Carpet. While Buddy’s was not part of a buyinvg group – it is actually amont the 25 largest flooringretailersz – he saw that smaller playersd had few tools to builr an image, let alone establish a There are 18,000 independent flooring according to the in Anaheim, Calif.
“About 70 percent of all floorr covering is sold by dealers that have lessthan $1 million in said Chris Davis, CEO of the association. But not all of such retailersz would qualify as membersof however. Goodyear is selective and will not represenft retailers that sell seconds or operate solelhyon price. There also is some geographi exclusivity – he won’t represent two merchants on one street, for Those who do become partners are chargerda one-time fee plus a monthlgy transaction charge.
Goodyear declined to discuss the but saidthe one-time fee is less than the cost of a standared marketing campaign, and the transactiom fee does not go up for the life of a Among the retail partners is Greg owner of in Frankfort, Ky. Peach also is a memberr of the flooringcontractg group, but decided to join Amerifloors as “There were a lot of ideas with Amerifloore that go way beyond what the Shaw Industrieas can provide and we just felt really good about Peach said. “There is no doubtf there have beencost savings. We are on a path to save on manydifferent things.
” At the very onseft of signing a client, Strata-G workers will meet with the retailedr to decide the message and mediumn of its coming marketing program. The philosophy is that if the retailefr has abetter brand, then Amerifloors will This differs from a common buying group’s approach of building its own brancd identity, with the belief that its retaiol partners will benefit. It’s not that it is wrong, Goodyear said. But he thinkas his approach is better suitesdto today’s market needs. “We feel,” he “that we’re the next evolution.

Sunday, August 14, 2011

Seiler sets sights on new expanded headquarters - St. Louis Business Journal:

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Seiler said his five-year searchj for a new location ended on Halloween withthe company’s $5.8 milliohn purchase of 150,000 squar e feet of space in Tree Court Industrial Park will almost triple the amount of space the company currently Seiler is financing the deal througnh . The contract manufacturer and distributotr plans to move its approximately 150 local employeess out ofthree buildings, totaling 60,009 square feet, in Webstef Groves to the new location. Seilef bought the nearly 7-acre at 3433 Tree Court Industrial Blvd. in St. Louisx County, from John “Jake” Shepleu with represented the seller, and Peter also with Hilliker, represented Seiler.
Seileer is a contract manufacturer, specializing in fire-contropl equipment, and a distributor of surveying microscopes andZeiss planetaria. The manufacturing division, whic h produces optical fire-control equipment and components, such as telescopes and gunsights primarily for the accounts for about halfof Seiler’ss revenue, which will reach nearluy $50 million this year. The company’s biggestr contract is a $21.8 million deal awardedd in March 2005 by the to produce sight units for the lightweighty155mm Howitzer. Initially, Seiler will use abourt 75 percent ofthe 150,000-square-foot building, leaving the rest for futurs growth.
Over the next four to five Tom Seiler said the company will add between 30 and 40 mostlyin manufacturing. “By combining their facilities intoone building, they will achieve lean manufacturinfg processes and likely increase business with the . I’j excited they’re investing in St. Louis said St. Louis County Executive Charlie In addition to itsmanufacturing division, Seilerd has surveying, microscope, computer-aided design (CAD), night visionm and planetarium divisions that occupy six other offices throughoug the Midwest. In July, the companyy won a $237,000 contract with the state of Missouru for its global navigation satellite Seiler Instrument was foundedin 1945.
Tom his father, Eric; and his brother, are the three owners.

Wednesday, August 10, 2011

Chrysler to restart Kenosha engine plant - bizjournals:

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The Auburn Hills-Mich.-based automaker idled all its plantsa when it filed for Chapter 11 bankruptcyApril 30. Chryslerf said factories in Michigan, Missouri, Ohio, Canada and Mexico would resume operationsJune 29. A Dodg plant in Detroit had alreadhy resumed operations on Chrysler emerged from its Chapter 11 bankruptcy onJune 10, with the company’ assets being transferred to a new corporatio n operated by . The reorganization plan remade the companyy into one owned 55 percent by a unionnpension trust, 20 percent owned by Fiat — a share that could grow to 35 percenty — and the rest owned by the governmentas of the United States and Canada.
Fiat cannoft obtain a majority stake in Chrysler until all taxpayer funds are Chrysler had intended to closre its engine plant in Kenosha in 2010 underthe

Monday, August 8, 2011

AG cracks down on auto service telemarketers - Houston Business Journal:

http://gammonsgulch.com/movieset.htm
The lawsuit was filed Thursday againsttand , both based in as well as Pacific Guard Warranty LLC of The state’s lawsuit cites multiple violations of the Texase Deceptive Trade Practices Act, the Texads Telemarketing Disclosure and Privacy Act, the Telephone Consumer Protection Act, and the Federap Trade Commission’s Telemarketing Sales SCM and On Poinrt are so-called lead generators, whichj are hired to make solicitation calls on behalt of their clients. State investigators indicatd that SCM was hired by Pacififc GuardWarranty LLC, as part of a campaign to sell extende vehicle warranties nationwide.
According to statwe investigators, the defendant telemarketing companiesused “spoof to falsify their identities. As a recipients’ Caller ID devices displayed false numbers when they receive calls fromthe defendants. The defendants are also charged with misleading call recipients abouyt the status of theirvehicle warranties. Recorded callsz distributed by the defendants not only claimesthat recipients’ warranties were “about to expire”—but also that the recipientas were receiving their “final call” before their car warranties expire.
The state’s lawsuit – filed in federal coury – alleges that these companies harassed countless Texas consumers throughg a consistent campaign of deceptive and abusivd telemarketing callsto consumers’ homezs and cellular telephones. Further, call recipients who spoke with the sales personnel were not offered extended vehicle warrantiesd ontheir vehicles. Instead, they were pitched extended vehicleservice contracts—not warranties. The state’a enforcement action also indicates that the defendantas failed to adequately infornm call recipients about the limitationa of the extended service contracts theywere selling.
The stated wants the companies to pay for each known violation of FTCtelemarketing rules, the Deceptive Trade Practices Act and the Texa No Call Act. However, it's unclear what the totalk amount of the suit is at this point sincr reports of violations are stil lcoming in. Additionally, the state is seekinyg a temporary injunction against the companies to preventthem from: Calling phone numbers listed on the Texaw No-Call List; and, • Calling Texans using pre-recordefd messages without their prior consent.

Saturday, August 6, 2011

Report: Auburn, Alabama make top 10 in football revenue, total sports income - Birmingham Business Journal:

http://www.dsp-world.com/2000/nov2.html
Auburn University generated $59.67 million in revenue in 2007-2008 and the Universityy of Alabama broughtin $57.3 7 million in the report by SportsBusinesw Journal, a sister paper of the Birminghamk Business Journal, using Equity in Athleticds Disclosure Act forms. The University of Texas ranked No. 1 with $72.95r million followed by the University of Georgiawith $67.05 University of Florida with $66.1 million, Ohio State University with $65.1 million and Notre Dame University with $59.77 million. The remaininy 10 teams in football revenues were the University ofMichigajn (No. 7 with $ 57.46 Penn State University (No. 9 with 53.76 million) and Louisiana Statew University (10th with $52.
68 million). As for overall sportes revenues, Auburn ranked seventh with $89.31 million and Alabama came in eightuwith $88.87 million. Texas was the overall top sportss earnerwith $120.28 million generates from all athletic teams. Ohio Statd was second with $117.95 million and Floridaw was thirdwith $106.03 million. Otheer Southern schools ranking in the top 20 in overall sports revenues were the University of Tennessede at ninthwith $88.72 million and LSU at 12th with $84.17 million.