CBSSports.com | Phenoms Harper, Trout arrive; happy days here again for the Dodgers CBSSports.com By Scott Miller | CBSSports.com Senior Writer 1. Youth not wasted on these young: The major league season is squeezed into a calendar of roughly 180 days. So out of all those, the game's runaway two best prospects were summoned to the majors on the ... |
Monday, April 30, 2012
Phenoms Harper, Trout arrive; happy days here again for the Dodgers - CBSSports.com
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Saturday, April 28, 2012
Hawker announces furloughs, building closures - The Business Journal of the Greater Triad Area:
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In a letter to all Vice President of Human Resources Rich Jiwanlal said the moves are partthe company’as ongoing effort to “resize our compan to match the continuinyg declines in consumer demand.” One of the measures will be furloughd which will include both product line and plant specififc requirements. The dates for the furloughs will beJune 29-July 2, Nov. 23-25 and Dec. 21-24. The lettetr informs employees that if vacation or earne time off is not available to cover thesr days then the furloughs willbe unpaid. Hawkefr will also be relocatingits engineering, financew and supply-chain teams back onto the company’s primary headquarters.
This will allow it to close twobuildings “off-campus,” the letter states. There was no announcement regardingb anyfurther layoffs. The company declined to give any more information atthis
In a letter to all Vice President of Human Resources Rich Jiwanlal said the moves are partthe company’as ongoing effort to “resize our compan to match the continuinyg declines in consumer demand.” One of the measures will be furloughd which will include both product line and plant specififc requirements. The dates for the furloughs will beJune 29-July 2, Nov. 23-25 and Dec. 21-24. The lettetr informs employees that if vacation or earne time off is not available to cover thesr days then the furloughs willbe unpaid. Hawkefr will also be relocatingits engineering, financew and supply-chain teams back onto the company’s primary headquarters.
This will allow it to close twobuildings “off-campus,” the letter states. There was no announcement regardingb anyfurther layoffs. The company declined to give any more information atthis
Thursday, April 26, 2012
Banks to pay $8.5M settlement to Georgia - Dayton Business Journal:
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million in fines and will buy back billions of dollara worthof securities, Georgia Secretarg of State Karen Handeo said Thursday. The settlement, the firs t of a series, come from cases involving salesd of auction rate securities to business andinstitutional investors. Handel receivefd fines this week ofabout $1.71 millioh from Securities and . The firmx involved include , Citi, , , , , , and Wachovia. In springt 2008, the (NASAA) formed a 12-stated task force to investigatew whether some ofthe nation’s prominent investment firms had mislec thousands of investors when recommending the buy auction rate securities.
As a 11 firms have agreed to buy back morethan $50 billioh of auction rate securities and have agreed to pay more than $400 millio in fines. It is estimateed that more than $3.2 billion of auction rate securities were sold to Georgiaa investors bythese firms. Auction rate securities are interestybearing investments, usually bonds or preferre d stock, whose yield is determined through periodic auctions. Depending upon the particulart security, weekly or monthly auctionsz would be held at which investors wouldd enter bids for the interest rates they would requir to be paid bythe issuers.
Although these securities were wideluy marketed as beinghighly liquid, or even as “cash their liquidity depended on there being an adequate number of purchaser s in the auctions at whichu their interest rates were set. As broad-basede economic uncertainties developedin 2007, a number of underwriterx began artificially supporting the markef for these securities by purchasing larg e quantities in the auctions. In February, the firms ceased this practice, resulting in auctions and total illiquidityfor investors. When the firmsa stopped these purchases, thousands of investoras across the nation were left without accessa totheir money.
million in fines and will buy back billions of dollara worthof securities, Georgia Secretarg of State Karen Handeo said Thursday. The settlement, the firs t of a series, come from cases involving salesd of auction rate securities to business andinstitutional investors. Handel receivefd fines this week ofabout $1.71 millioh from Securities and . The firmx involved include , Citi, , , , , , and Wachovia. In springt 2008, the (NASAA) formed a 12-stated task force to investigatew whether some ofthe nation’s prominent investment firms had mislec thousands of investors when recommending the buy auction rate securities.
As a 11 firms have agreed to buy back morethan $50 billioh of auction rate securities and have agreed to pay more than $400 millio in fines. It is estimateed that more than $3.2 billion of auction rate securities were sold to Georgiaa investors bythese firms. Auction rate securities are interestybearing investments, usually bonds or preferre d stock, whose yield is determined through periodic auctions. Depending upon the particulart security, weekly or monthly auctionsz would be held at which investors wouldd enter bids for the interest rates they would requir to be paid bythe issuers.
Although these securities were wideluy marketed as beinghighly liquid, or even as “cash their liquidity depended on there being an adequate number of purchaser s in the auctions at whichu their interest rates were set. As broad-basede economic uncertainties developedin 2007, a number of underwriterx began artificially supporting the markef for these securities by purchasing larg e quantities in the auctions. In February, the firms ceased this practice, resulting in auctions and total illiquidityfor investors. When the firmsa stopped these purchases, thousands of investoras across the nation were left without accessa totheir money.
Wednesday, April 25, 2012
Eastern Market reopens Friday - Business Courier of Cincinnati:
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The fire, in April gutted much of the 136-year-old market and left its vendor s without apermanent home. The District set up a temporary home for many of thoses vendors nearby shortly afterthe blaze. Eastern at 7th and C streets SE, has now undergoned a $22 million head-to-toe renovation, one many of its regulars have callecdlong overdue. Although the cause of the fire has nevet beenofficially determined, it was widelgy believed to have been the result of faulty electricalp wiring.
Eastern Market’s reopening will see many of its original vendors return to once again hawk everything from fresh meatzand cheeses, to flowers art and Longtime Capitol Hill resident Jim Zaniello is amonvg regulars who are looking forward to returniny to the market. “It’s exciting to know that all of our markett family will be back in the original buildingt and that they will continue to be an importanty part of the Hill community for years to he said.
“Eastern Market is an integral part of life onthe
The fire, in April gutted much of the 136-year-old market and left its vendor s without apermanent home. The District set up a temporary home for many of thoses vendors nearby shortly afterthe blaze. Eastern at 7th and C streets SE, has now undergoned a $22 million head-to-toe renovation, one many of its regulars have callecdlong overdue. Although the cause of the fire has nevet beenofficially determined, it was widelgy believed to have been the result of faulty electricalp wiring.
Eastern Market’s reopening will see many of its original vendors return to once again hawk everything from fresh meatzand cheeses, to flowers art and Longtime Capitol Hill resident Jim Zaniello is amonvg regulars who are looking forward to returniny to the market. “It’s exciting to know that all of our markett family will be back in the original buildingt and that they will continue to be an importanty part of the Hill community for years to he said.
“Eastern Market is an integral part of life onthe
Monday, April 23, 2012
Sichuan Tengzhong in deal to buy Hummer - Houston Business Journal:
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When GM, which filed for bankruptcy protectiomthis week, announced June 2 that a buyet had been found for the off-roade vehicle line, but the name was not immediatelyt disclosed. Tengzhong, a major industrial machineryt group, will acquire the rights to the Hummer along with a senior management and operational It will also assumse existing dealer agreements relatingto HUMMER’sz dealership network. It is contemplated that Tengzhong as part of the enter intoa long-term contracft assembly and key component and material supplyt agreement with GM. In an earlier GM said it expects the deal if successfulk to secure morethan 3,000 US jobs.
The final term of the deal, scheduled to close in the third are subject to final The cost of the transactioj wasnot revealed. is acting as exclusive financial advisor and is actint as international legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.
When GM, which filed for bankruptcy protectiomthis week, announced June 2 that a buyet had been found for the off-roade vehicle line, but the name was not immediatelyt disclosed. Tengzhong, a major industrial machineryt group, will acquire the rights to the Hummer along with a senior management and operational It will also assumse existing dealer agreements relatingto HUMMER’sz dealership network. It is contemplated that Tengzhong as part of the enter intoa long-term contracft assembly and key component and material supplyt agreement with GM. In an earlier GM said it expects the deal if successfulk to secure morethan 3,000 US jobs.
The final term of the deal, scheduled to close in the third are subject to final The cost of the transactioj wasnot revealed. is acting as exclusive financial advisor and is actint as international legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.
Saturday, April 21, 2012
It could be lights out for some nonprofits in
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of , which helps raise moneuy for hundreds oflocal agencies, held a town hall meeting Jan. 16 for nonprofitsx to share their challenges. Abour 300 people attended representinb more than180 organizations. “oI think it’s pretty much a certaintuy that there will be some nonprofits that will close up saidMilton Little, president of United Way. “The pressures are very intense. The smaller organizations are the ones most likelgat risk.
” “Everybody talked about fairly significan t shortfalls in their fourth-quarter fundraising,” Little said of the Alicia Philipp, president of , thinkd that just as bankruptcy courts provide an orderly way for businessees to dissolve, it would be a good idea for locak nonprofits that close their doors to have some ways to providwe for successful programs and, where possible, staff. morally, how do you think about handing off programzto others?” she asked. “We’re going to have situations like that. As much as we wish we I bet we will.
” The economy reallyy began to go downhill last just a monthafter Atlanta’s United Way launchecd its annual campaign to raise $82 million. “The campaighn has seen its challenges as many of the traditional donore have had to tightentheir belts,” Little said. “We are not immunr from what the othe r nonprofitsare seeing.” Malikas White, a United Way spokeswoman, followed up in an e-mail saying that it is still a little too early to tell whethed United Way will be able to make its Ed Heys, a partner with Deloitte, is this year’ campaign chairman. “We are projectinhg that we may come a little shortf ofthe $82 million goal,” she said.
“Edd and the campaign committee are working diligentlyg to help us reachthe goal.” In December, Unitedc Way’s leaders recognized that some agencie s needed immediate financial help to meet the growing It launched a “critical needs” campaig n to raise $2.5 million that it coule pass on to the neediest Little said that so far, United Way has received commitments (pledgez and cash) for $1.3 million. Of that, it has received $550,000p in cash. It has already dispersedr the first round of grants to and it will continue to do so as the moneycomes in.
“The economy is having an extraordinary impacft on the people servedby nonprofits,” Little “We are seeing the growth of the new poor becausre of bankruptcies, housing foreclosures, retirement and reduced Nonprofits that rely on governmentr support are particularly according to people attending the town hall “Probably most [nonprofits] are experiencing funding especially if they have big chunks of theird money coming from the government,” said Nanch Longacre, vice president of the Georgia Centedr for Nonprofits. “Anyone who has a lot of monehy coming from the state is andshould be.
” Metro Atlanta nonprofits are planning to writes a letter to House Speaker Glenn Richardson to urge stater leaders to “be as surgical as possiblre as to how those budget cuts will be Little said. Longacre had more evidence that nonprofitsz arestruggling nationally. Her organization took part in a nationalo survey in November that indicated 25 percenft of nonprofits either have gone througu or areanticipating layoffs.
“Most nonprofits are lookingg very carefully at cutting budgets andat efficiency,” she “Most already are very You can cut to a and then your biggest expense is always going to be Atlanta’s 25 largest nonprofits had a total of 8,284 full-times employees as of September 2008, according to Atlantqa Business Chronicle’s list of the city’s largest nonprofit organizations. Littl said nonprofits also willbe creative. “I think therd are opportunities for some consolidationor mergers,” Littles said. “There are also opportunitiez forsharing back-office operations like Everybody is going to have to be open to new ways of doing business.
” Nonprofits can’t expect government to bail them out, yet those agencies often are society’s “safety net” for peopld with the greatest needs. As Little “The Atlanta region cannot afford to have the humanh services community wind up in tattera atthis time.”
of , which helps raise moneuy for hundreds oflocal agencies, held a town hall meeting Jan. 16 for nonprofitsx to share their challenges. Abour 300 people attended representinb more than180 organizations. “oI think it’s pretty much a certaintuy that there will be some nonprofits that will close up saidMilton Little, president of United Way. “The pressures are very intense. The smaller organizations are the ones most likelgat risk.
” “Everybody talked about fairly significan t shortfalls in their fourth-quarter fundraising,” Little said of the Alicia Philipp, president of , thinkd that just as bankruptcy courts provide an orderly way for businessees to dissolve, it would be a good idea for locak nonprofits that close their doors to have some ways to providwe for successful programs and, where possible, staff. morally, how do you think about handing off programzto others?” she asked. “We’re going to have situations like that. As much as we wish we I bet we will.
” The economy reallyy began to go downhill last just a monthafter Atlanta’s United Way launchecd its annual campaign to raise $82 million. “The campaighn has seen its challenges as many of the traditional donore have had to tightentheir belts,” Little said. “We are not immunr from what the othe r nonprofitsare seeing.” Malikas White, a United Way spokeswoman, followed up in an e-mail saying that it is still a little too early to tell whethed United Way will be able to make its Ed Heys, a partner with Deloitte, is this year’ campaign chairman. “We are projectinhg that we may come a little shortf ofthe $82 million goal,” she said.
“Edd and the campaign committee are working diligentlyg to help us reachthe goal.” In December, Unitedc Way’s leaders recognized that some agencie s needed immediate financial help to meet the growing It launched a “critical needs” campaig n to raise $2.5 million that it coule pass on to the neediest Little said that so far, United Way has received commitments (pledgez and cash) for $1.3 million. Of that, it has received $550,000p in cash. It has already dispersedr the first round of grants to and it will continue to do so as the moneycomes in.
“The economy is having an extraordinary impacft on the people servedby nonprofits,” Little “We are seeing the growth of the new poor becausre of bankruptcies, housing foreclosures, retirement and reduced Nonprofits that rely on governmentr support are particularly according to people attending the town hall “Probably most [nonprofits] are experiencing funding especially if they have big chunks of theird money coming from the government,” said Nanch Longacre, vice president of the Georgia Centedr for Nonprofits. “Anyone who has a lot of monehy coming from the state is andshould be.
” Metro Atlanta nonprofits are planning to writes a letter to House Speaker Glenn Richardson to urge stater leaders to “be as surgical as possiblre as to how those budget cuts will be Little said. Longacre had more evidence that nonprofitsz arestruggling nationally. Her organization took part in a nationalo survey in November that indicated 25 percenft of nonprofits either have gone througu or areanticipating layoffs.
“Most nonprofits are lookingg very carefully at cutting budgets andat efficiency,” she “Most already are very You can cut to a and then your biggest expense is always going to be Atlanta’s 25 largest nonprofits had a total of 8,284 full-times employees as of September 2008, according to Atlantqa Business Chronicle’s list of the city’s largest nonprofit organizations. Littl said nonprofits also willbe creative. “I think therd are opportunities for some consolidationor mergers,” Littles said. “There are also opportunitiez forsharing back-office operations like Everybody is going to have to be open to new ways of doing business.
” Nonprofits can’t expect government to bail them out, yet those agencies often are society’s “safety net” for peopld with the greatest needs. As Little “The Atlanta region cannot afford to have the humanh services community wind up in tattera atthis time.”
Thursday, April 19, 2012
Fla., Orlando again tops in foreclosures - Tampa Bay Business Journal:
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The state posted 58,931 foreclosure filingsz — including default notices, scheduled auctions and bank repossessione — in May, down 8.8 percent from April’ws total, but still 50 percenrt higher thanMay 2008, according to RealtyTrac’sd monthly Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosured filings. The Sunshine State was No. 3 in the natiob in foreclosure rates, with one in every 148 householdz receiving a foreclosure filingin May. Nevada led the countrg with one in every 64 homez receivinga filing, while Californiaa was second highest with one in everg 144. The Orlando-Kissimmee market took the No.
8 spot among the nation’sz top 10 metro areas with the highestrforeclosure rates. The area recorded a rate of one foreclosurde filing for every101 homes. Floridsa had three cities among the top 10 metro areas, while California had six citie s among that mix. Las Vegas topped the list with a rate of one in everh 54 households getting aforeclosure filing. 321,480 foreclosure filings were reportedin May, which is 6 percenyt lower than April 2009, but about 18 percent higher than May 2008. One in evergy 398 U.S. homes received a foreclosure noticrelast month. Vermont again recordes the lowest numberof foreclosures, with six reporte d in May, or one for ever 51,906 households.
The RealtyTrac U.S. Foreclosure Marke Report provides the total number of propertiees with at least one foreclosure filing reported durinygthe month. Data is collected from more than 2,200 counties that account for more than 90 percent ofthe nation’s population.
The state posted 58,931 foreclosure filingsz — including default notices, scheduled auctions and bank repossessione — in May, down 8.8 percent from April’ws total, but still 50 percenrt higher thanMay 2008, according to RealtyTrac’sd monthly Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosured filings. The Sunshine State was No. 3 in the natiob in foreclosure rates, with one in every 148 householdz receiving a foreclosure filingin May. Nevada led the countrg with one in every 64 homez receivinga filing, while Californiaa was second highest with one in everg 144. The Orlando-Kissimmee market took the No.
8 spot among the nation’sz top 10 metro areas with the highestrforeclosure rates. The area recorded a rate of one foreclosurde filing for every101 homes. Floridsa had three cities among the top 10 metro areas, while California had six citie s among that mix. Las Vegas topped the list with a rate of one in everh 54 households getting aforeclosure filing. 321,480 foreclosure filings were reportedin May, which is 6 percenyt lower than April 2009, but about 18 percent higher than May 2008. One in evergy 398 U.S. homes received a foreclosure noticrelast month. Vermont again recordes the lowest numberof foreclosures, with six reporte d in May, or one for ever 51,906 households.
The RealtyTrac U.S. Foreclosure Marke Report provides the total number of propertiees with at least one foreclosure filing reported durinygthe month. Data is collected from more than 2,200 counties that account for more than 90 percent ofthe nation’s population.
Tuesday, April 17, 2012
Biggest Globe union rejects deal - Portland Business Journal:
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“We regret having to take this but have no financially viable alternative,” Globe management said in a statementg issued after the 277-to-265 vote by members of the . To take the unliteralo step underlabor law, the Times Co. declared an impasse in negotiations. In his own statement also issued after the Guild local President Daniel Totten said the unionnis “committed to resumingb good-faith negotiations with the New York Times Companhy and Globe management to reach an Times and Globe management “must do better,” he The cuts proposed by management were part of $20 milliom in cost-savings demand by the Times Co. for the Globe, whicj it bought in 1993 for $1.
1 billion. Timea executives have said the papee is losingabout $1 millioh per week on operations. At one point earlie this year, Times managers said they woulsd shutter the paper if unable to achieve Other major unions agreed to concessionz inrecent weeks.
“We regret having to take this but have no financially viable alternative,” Globe management said in a statementg issued after the 277-to-265 vote by members of the . To take the unliteralo step underlabor law, the Times Co. declared an impasse in negotiations. In his own statement also issued after the Guild local President Daniel Totten said the unionnis “committed to resumingb good-faith negotiations with the New York Times Companhy and Globe management to reach an Times and Globe management “must do better,” he The cuts proposed by management were part of $20 milliom in cost-savings demand by the Times Co. for the Globe, whicj it bought in 1993 for $1.
1 billion. Timea executives have said the papee is losingabout $1 millioh per week on operations. At one point earlie this year, Times managers said they woulsd shutter the paper if unable to achieve Other major unions agreed to concessionz inrecent weeks.
Monday, April 16, 2012
Steve Heyer named Next3D chairman - Jacksonville Business Journal:
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The company said Heyer was tapped to overseethe company’s 3D HD movie service. “My plan is to focusd on further aligning Next3D with content and strategic partners as the company moves from development to launch ofthe world'es first 1080p 3D High Definition home distribution service,” Heyee said in a news release. "The market is poiseed for a rapid transformation to 3D inthe home. Our technologyg is ready to work with content and distributionn partners to drive that change and create new revenue opportunities for all the playerx in the value chain while delivering astunning in-home experience for Heyer is the former CEO of (NYSE: HOT).
Heyerd left Atlanta-based (NYSE: KO) in 2004, after servinvg as its president and chief operatinv officersince 2002. Coke recruited Heyer away from Atlanta-baseed in 2001. "Until we createcd Next3D, there was simply no practicaol way for Hollywood to get its exploding library of 3D filmxs intothe home,” said Next3D co-founder D.J. Roller, in the “We've solved the technological challenges. Steve is an innovator who understands how to unlocjk the revenue stream for our partners as Next3fD creates a brand and experience consumerswill embrace.
"
The company said Heyer was tapped to overseethe company’s 3D HD movie service. “My plan is to focusd on further aligning Next3D with content and strategic partners as the company moves from development to launch ofthe world'es first 1080p 3D High Definition home distribution service,” Heyee said in a news release. "The market is poiseed for a rapid transformation to 3D inthe home. Our technologyg is ready to work with content and distributionn partners to drive that change and create new revenue opportunities for all the playerx in the value chain while delivering astunning in-home experience for Heyer is the former CEO of (NYSE: HOT).
Heyerd left Atlanta-based (NYSE: KO) in 2004, after servinvg as its president and chief operatinv officersince 2002. Coke recruited Heyer away from Atlanta-baseed in 2001. "Until we createcd Next3D, there was simply no practicaol way for Hollywood to get its exploding library of 3D filmxs intothe home,” said Next3D co-founder D.J. Roller, in the “We've solved the technological challenges. Steve is an innovator who understands how to unlocjk the revenue stream for our partners as Next3fD creates a brand and experience consumerswill embrace.
"
Saturday, April 14, 2012
Brawn: Quite exceptional performance - Planet-F1
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Telegraph.co.uk | Brawn: Quite exceptional performance Planet-F1 "Quite exceptional performance, particularly from Nico today," Brawn told Sky Sports F1. "We've had a tough start to the season and we know this is not the main event, the main event's going to happen tomorrow, and I think we've still got work to do to ... Mercedes locks up front row in China Chinese GP - Saturday - Team Quotes Nico Rosberg takes landmark first pole in China for Mercedes |
Thursday, April 12, 2012
Penske Automotive to buy GM
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According to a memorandum of understanding signede by thetwo companies, Penske will purchasr the rights to the brand, certain parts inventories and the rightg to distribute vehicles and parts through Saturn’s GM will continue to manufacture the Saturn Aura, Vue and Outlook modelsw on a contract, interim basis, according to a news release. The deal is expected to close in the third There are two Saturn dealers in theDaytohn area. The release didn’t detail the terme of the deal or how long GM will manufacturerthe vehicles.
“We have agreed upon a frameworok that we believe will build momentum for theSaturnj brand,” said Roger Penske, chairman of Bloomfieldd Hills, Mich.-based Penske Automotive, in the release. founded by GM in 1990, has sold more than 4 milliojn cars, according to the The brand, originally innovative in its approach to manufacturingand marketing, was meant to be a pacesettedr for the rest of GM, but didn’t live up to its Detroit-based GM filed for Chapter 11 bankruptct Monday. It is reportedly in negotiationz with a Chinese automaker to sell itsHummer brand, and it will discontinude its Pontiac brand.
Penske Automotive (NYSE: PAG) sells new and used parts, insurance and financing. It operatess 310 retail automotive franchises, and 25 collision repair representing40 brands.
According to a memorandum of understanding signede by thetwo companies, Penske will purchasr the rights to the brand, certain parts inventories and the rightg to distribute vehicles and parts through Saturn’s GM will continue to manufacture the Saturn Aura, Vue and Outlook modelsw on a contract, interim basis, according to a news release. The deal is expected to close in the third There are two Saturn dealers in theDaytohn area. The release didn’t detail the terme of the deal or how long GM will manufacturerthe vehicles.
“We have agreed upon a frameworok that we believe will build momentum for theSaturnj brand,” said Roger Penske, chairman of Bloomfieldd Hills, Mich.-based Penske Automotive, in the release. founded by GM in 1990, has sold more than 4 milliojn cars, according to the The brand, originally innovative in its approach to manufacturingand marketing, was meant to be a pacesettedr for the rest of GM, but didn’t live up to its Detroit-based GM filed for Chapter 11 bankruptct Monday. It is reportedly in negotiationz with a Chinese automaker to sell itsHummer brand, and it will discontinude its Pontiac brand.
Penske Automotive (NYSE: PAG) sells new and used parts, insurance and financing. It operatess 310 retail automotive franchises, and 25 collision repair representing40 brands.
Tuesday, April 10, 2012
Atlanta Hotels - View Hotels in Atlanta
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Four Seasons Hotel Atlanta 75 FourteentuStreet Atlanta, GA 30309 (404) 881-9898 226 rooms, 18 suitews Located in the heart of boomint Midtown Atlanta
Four Seasons Hotel Atlanta 75 FourteentuStreet Atlanta, GA 30309 (404) 881-9898 226 rooms, 18 suitews Located in the heart of boomint Midtown Atlanta
Sunday, April 8, 2012
N.J. tax amnesty brings revenue windfall - South Florida Business Journal:
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New Jersey expected to generate $100 millioh when the 45-day program was launched, but at its close last week had collectedf morethan $600 millioh in back taxes owed. Finao revenue could increase byanother $50 millioh to $100 million once the remaining 17,500 envelopes are opened and processed, the Governor’se Office said. New Jersey’s program, which ran from May 4 to June 15, permittecd those owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penaltyy and for half theinterest owed. Of the collectionds processed to date, 56 percent were for the corporationnbusiness tax, 23 percent for sales and use taxes and 14 percengt for gross income tax.
A vote on a finao budget for New Jersey isexpected Thursday. Gov. Jon S. Corzinee would like to see the additional revenue be put toward property tax which was slated to be eliminated for all but seniors and the disablecd to address an upto $9 billioj deficit in fiscal year 2010. In state Rep. John C. Bear, R-Lancaster, is pitchint legislation for a one-time tax amnestyy program as a budget fix forhis state. The bill woulfd permit a 90-day tax amnesty periocd during 2009-10 fiscal year. The bill is in the Housre Finance Committee. “New Jersey has confirmed that this is a perfecf time for a tax amnesty progranm to succeedin Pennsylvania,” said Bear. “Wed are facing a $3.
2 billion budge t deficit and New Jersey’s successful progran should vividly illustrate that such a program can collect hundreds of millionsin revenue, or more, already owed to the Pennsylvania’s last tax amnestgy program, which occured more than a decad e ago, brought in $93 million, Bear said. Revenude from a tax amnesty program could be used to addreszthe state’s budget deficit, instead of Gov. Ed Rendell’s proposakl to raise the state income taxfrom 3.07 percent to 3.57 Bear said. The governor’s proposed 16 percent increase in the persona income tax rate would generateabout $1.
5 billion a year in new revenuer and amount to about $250 more per year for a familgy earning $50,000. “Now — during this dire budget crisis — is the time for a new tax amnestyh program to be put in Bear said.
New Jersey expected to generate $100 millioh when the 45-day program was launched, but at its close last week had collectedf morethan $600 millioh in back taxes owed. Finao revenue could increase byanother $50 millioh to $100 million once the remaining 17,500 envelopes are opened and processed, the Governor’se Office said. New Jersey’s program, which ran from May 4 to June 15, permittecd those owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penaltyy and for half theinterest owed. Of the collectionds processed to date, 56 percent were for the corporationnbusiness tax, 23 percent for sales and use taxes and 14 percengt for gross income tax.
A vote on a finao budget for New Jersey isexpected Thursday. Gov. Jon S. Corzinee would like to see the additional revenue be put toward property tax which was slated to be eliminated for all but seniors and the disablecd to address an upto $9 billioj deficit in fiscal year 2010. In state Rep. John C. Bear, R-Lancaster, is pitchint legislation for a one-time tax amnestyy program as a budget fix forhis state. The bill woulfd permit a 90-day tax amnesty periocd during 2009-10 fiscal year. The bill is in the Housre Finance Committee. “New Jersey has confirmed that this is a perfecf time for a tax amnesty progranm to succeedin Pennsylvania,” said Bear. “Wed are facing a $3.
2 billion budge t deficit and New Jersey’s successful progran should vividly illustrate that such a program can collect hundreds of millionsin revenue, or more, already owed to the Pennsylvania’s last tax amnestgy program, which occured more than a decad e ago, brought in $93 million, Bear said. Revenude from a tax amnesty program could be used to addreszthe state’s budget deficit, instead of Gov. Ed Rendell’s proposakl to raise the state income taxfrom 3.07 percent to 3.57 Bear said. The governor’s proposed 16 percent increase in the persona income tax rate would generateabout $1.
5 billion a year in new revenuer and amount to about $250 more per year for a familgy earning $50,000. “Now — during this dire budget crisis — is the time for a new tax amnestyh program to be put in Bear said.
Saturday, April 7, 2012
Conference Board: 43% of Internet users now in social networks - Austin Business Journal:
vidineevostegity.blogspot.com
Of web users, 43 percen use a social networking website, up from 27 percent last year, the nonprofirt global research group said in its quarterly ConsumerInternef Barometer. The most popular site is Facebook, used by 78 perceny of social network participants, followed by MySpace (42 percent), LinkedIjn (17 percent) and (10 percent). The survey track about 10,000 Internet-equipped households It said seniors age 55 and oldef are quickly increasing their use ofsociao networks, up from 6 percent last year to 19 percent this year. Women are more likely than men touse social-networi sites (48 percent versus 38 percent).
The majority of useras log on at The ConferenceBoard said, with a quartefr logging on at work, and 10 percenrt connecting through their phone. More than half say they log on at leasyt oncea day. "Online social networks are more than just a fad among theyoungefr generation," Lynn Franco, director of The Conference Board Consumer Research Center, said. "They've become an integral part of our personalp andprofessional lives. They’re an effectivde way to keep in toucghwith people, connect with friends and and network with colleagues. "Social mediwa will also transform marketin g as weknow it.
They’re powerful communicatiohn tools, and are becoming an essential part of successful marketing The survey said Facebooko is equally popular among men and while women are more likely thanmen (47 perceng versus 35 percent) to use MySpace and more men than women (21 percent versus 15 percent) use LinkedIn. Userds of the micro-blogging site Twitter say their top reasons for "tweeting" are to connect with friends (42 update their status (29 percent), look for news (26 and for work-related reasons (22 percent).
Of web users, 43 percen use a social networking website, up from 27 percent last year, the nonprofirt global research group said in its quarterly ConsumerInternef Barometer. The most popular site is Facebook, used by 78 perceny of social network participants, followed by MySpace (42 percent), LinkedIjn (17 percent) and (10 percent). The survey track about 10,000 Internet-equipped households It said seniors age 55 and oldef are quickly increasing their use ofsociao networks, up from 6 percent last year to 19 percent this year. Women are more likely than men touse social-networi sites (48 percent versus 38 percent).
The majority of useras log on at The ConferenceBoard said, with a quartefr logging on at work, and 10 percenrt connecting through their phone. More than half say they log on at leasyt oncea day. "Online social networks are more than just a fad among theyoungefr generation," Lynn Franco, director of The Conference Board Consumer Research Center, said. "They've become an integral part of our personalp andprofessional lives. They’re an effectivde way to keep in toucghwith people, connect with friends and and network with colleagues. "Social mediwa will also transform marketin g as weknow it.
They’re powerful communicatiohn tools, and are becoming an essential part of successful marketing The survey said Facebooko is equally popular among men and while women are more likely thanmen (47 perceng versus 35 percent) to use MySpace and more men than women (21 percent versus 15 percent) use LinkedIn. Userds of the micro-blogging site Twitter say their top reasons for "tweeting" are to connect with friends (42 update their status (29 percent), look for news (26 and for work-related reasons (22 percent).
Thursday, April 5, 2012
Madoff gets 150 years in prison - Jacksonville Business Journal:
xagawu.wordpress.com
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandx of dollarsto Madoff's scheme. The mastermindx behind the biggest Ponzoi schemein U.S. history was sentencedd on Monday morning in federal court in Manhattan to 150 yearssbehind bars, the maximum requested by federal Madoff's attorney had asked for a far more lenient sentencew of 12 years. In sentencing U.S. District Judge Denny Chin called the fraud and said thatthe “breach of trust was massive.” The judgd described his acts as “extraordinarily evil.
” “No other white-collad case is comparable in terms of the duration and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confesse d in March to 11 countsincluding fraud, money laundering theft and among other things. His victims reportedly number morethan 1,300 and stretch across the globe. Their losses are estimatee at morethan $13 billion. Prior to sentencing, Chin hearc from nine of the victims who talked about thedevastationm Madoff’s fraud had caused to their livexs and their families. Many of Madoff’s wealthyu clients lived in South Florida and lost theie life savings tohis scheme.
Fox, 86, said she is stillk furious that the and the federalgovernment didn’r expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobody seems to do anythinyg about it,” Fox said. She also took issue with the largwe fees being paid to peoplse such asIrving H. the trustee who is handling the liquidatiojn ofBernard L. Madoff Investment Securities. “Thes trustee Picard is making hisown rules. They’re payinb these guys millions of dollars. It wouled be better to pay the investors Fox said.
Fox, a widow who once worked as secretaryh inNew York, said she invested $50,0090 in 1987 because she was relateed to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyg back from Social Securitypayments she’ed made over the years on “phantom” incomse from Madoff accounts. However, she is worried that her disbursementw may eventually be targeted in clawback effortw by the trustee in bankruptcy proceedings who has begun sendin out letters demanding the return of profit s derived fromtheir investments.
Guy Fronstin a Boca Raton attorneyh who hasadvised Fox, said the governmengt has “been good about refunding taxes quickly” but there are delays in processing claims to the Securities Investor Protection Corporation. “Somde of the people I know are too busy with theses other issues to really care that much aboutt whathappened today. They believed he would spends the rest of his days in Fronstin said.
Jan Atlas, an attorney with Adornop Yoss, said he believes the courr had little choice but to levy the maximum sentenceon “I don’t think the victims should have been victimized agaihn by having him be able to leavw prison one day,” said Atlas, whose firm continue s to advise clients about tax returnws and possibly future claims against investmenf advisors who invested with Madoff. “I’m wondering if the trusteew will be able to locatr more than the billion plusthat he’sx located, and what is the real Atlas said.
In addition to his prisobn term, Madoff was orderedc to forfeitnearly $170 billion, which represents the proceedws of, and property involved in certainn of his crimes, according to a news release from the U.S. Departmenyt of Justice. “While today’e sentence is an important milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southerjn District ofNew York, said in a news release.
“Wr are focused on tracing, restraining and liquidating assetsx to maximize recoveries forthe
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandx of dollarsto Madoff's scheme. The mastermindx behind the biggest Ponzoi schemein U.S. history was sentencedd on Monday morning in federal court in Manhattan to 150 yearssbehind bars, the maximum requested by federal Madoff's attorney had asked for a far more lenient sentencew of 12 years. In sentencing U.S. District Judge Denny Chin called the fraud and said thatthe “breach of trust was massive.” The judgd described his acts as “extraordinarily evil.
” “No other white-collad case is comparable in terms of the duration and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confesse d in March to 11 countsincluding fraud, money laundering theft and among other things. His victims reportedly number morethan 1,300 and stretch across the globe. Their losses are estimatee at morethan $13 billion. Prior to sentencing, Chin hearc from nine of the victims who talked about thedevastationm Madoff’s fraud had caused to their livexs and their families. Many of Madoff’s wealthyu clients lived in South Florida and lost theie life savings tohis scheme.
Fox, 86, said she is stillk furious that the and the federalgovernment didn’r expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobody seems to do anythinyg about it,” Fox said. She also took issue with the largwe fees being paid to peoplse such asIrving H. the trustee who is handling the liquidatiojn ofBernard L. Madoff Investment Securities. “Thes trustee Picard is making hisown rules. They’re payinb these guys millions of dollars. It wouled be better to pay the investors Fox said.
Fox, a widow who once worked as secretaryh inNew York, said she invested $50,0090 in 1987 because she was relateed to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyg back from Social Securitypayments she’ed made over the years on “phantom” incomse from Madoff accounts. However, she is worried that her disbursementw may eventually be targeted in clawback effortw by the trustee in bankruptcy proceedings who has begun sendin out letters demanding the return of profit s derived fromtheir investments.
Guy Fronstin a Boca Raton attorneyh who hasadvised Fox, said the governmengt has “been good about refunding taxes quickly” but there are delays in processing claims to the Securities Investor Protection Corporation. “Somde of the people I know are too busy with theses other issues to really care that much aboutt whathappened today. They believed he would spends the rest of his days in Fronstin said.
Jan Atlas, an attorney with Adornop Yoss, said he believes the courr had little choice but to levy the maximum sentenceon “I don’t think the victims should have been victimized agaihn by having him be able to leavw prison one day,” said Atlas, whose firm continue s to advise clients about tax returnws and possibly future claims against investmenf advisors who invested with Madoff. “I’m wondering if the trusteew will be able to locatr more than the billion plusthat he’sx located, and what is the real Atlas said.
In addition to his prisobn term, Madoff was orderedc to forfeitnearly $170 billion, which represents the proceedws of, and property involved in certainn of his crimes, according to a news release from the U.S. Departmenyt of Justice. “While today’e sentence is an important milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southerjn District ofNew York, said in a news release.
“Wr are focused on tracing, restraining and liquidating assetsx to maximize recoveries forthe
Tuesday, April 3, 2012
Stiliyan Petrov diagnosed with leukaemia after tests following Fabrice Muamba ... - Daily Mail
esivyjifag.wordpress.com
Daily Mail | Stiliyan Petrov diagnosed with leukaemia after tests following Fabrice Muamba ... Daily Mail 'They wanted him to go to hospital for more tests to confirm the original diagnosis. 'At the beginning they didn't even tell him the truth directly and he didn't want to scare us either, with a game against Chelsea so close on Saturday. Aston Villa captain Petrov diagnosed with leukaemia Villa captain Petrov diagnosed with acut Petrov diagnosed with leukemia |
Sunday, April 1, 2012
Clear Channel to provide traffic info for ASUS navigation device - East Bay Business Times:
ysynut.wordpress.com
ASUS, which is based in Taiwanj andhas U.S. headquarters in has a global staffof 8,000 and reported revenuesx last year of more than $6.9 billion. Its products can be founfd insidenearly one-third of the computers sold around the ASUS has recently launched a portable navigatiob device called the R700, whicyh features a built-in subscription to Clear Channeo Radio's Total Traffic The device uses a three-dimensionap navigation system to display maps from the driver'zs perspective and also serves as a completw portable multimedia center that includex Bluetooth hands-free functions.
"Aas we launched our first portablsenavigation device, it was extremely importanty for us to offer the most accurats real-time traffic service to maintaij our reputation as a developer of top qualit technology products," says H.C. Hung, chief operating officer for "With a service that offers thewidest coverage, uses a variet of reliable sources and enforces stringent quality Clear Channel Total Traffic Network was the obvioud choice for us as its service provides a competitivse advantage.
" Clear Channel Radio'e Total Traffic Network will be availablse for the ASUS R700 in the same 80 Nortb American markets in which it provides real-time traffic informatiohn for a number of consumer electronics devicee and for in-car navigation devices in selectf BMW, MINI USA, and Volvko models. Clear Channel Radio is a division ofSan Antonio-basedc (NYSE: CCU), a global mediqa and entertainment company. It operatesd several radio stations in theBay Area.
ASUS, which is based in Taiwanj andhas U.S. headquarters in has a global staffof 8,000 and reported revenuesx last year of more than $6.9 billion. Its products can be founfd insidenearly one-third of the computers sold around the ASUS has recently launched a portable navigatiob device called the R700, whicyh features a built-in subscription to Clear Channeo Radio's Total Traffic The device uses a three-dimensionap navigation system to display maps from the driver'zs perspective and also serves as a completw portable multimedia center that includex Bluetooth hands-free functions.
"Aas we launched our first portablsenavigation device, it was extremely importanty for us to offer the most accurats real-time traffic service to maintaij our reputation as a developer of top qualit technology products," says H.C. Hung, chief operating officer for "With a service that offers thewidest coverage, uses a variet of reliable sources and enforces stringent quality Clear Channel Total Traffic Network was the obvioud choice for us as its service provides a competitivse advantage.
" Clear Channel Radio'e Total Traffic Network will be availablse for the ASUS R700 in the same 80 Nortb American markets in which it provides real-time traffic informatiohn for a number of consumer electronics devicee and for in-car navigation devices in selectf BMW, MINI USA, and Volvko models. Clear Channel Radio is a division ofSan Antonio-basedc (NYSE: CCU), a global mediqa and entertainment company. It operatesd several radio stations in theBay Area.
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