Wednesday, June 29, 2011

Birmingham Business Journal: Starting a Business : Business Advice

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Let's be honest: Things are bad, and it is miserablr out there in the world of We are in a global recession that will last forsome 1. The economy eventually will improves andget better. 2. Most companies rely on salespeoplwe to help with thebottom line. Continuing sales of a product or service for an organizatio along with great salespeoplre will be needed even more durinyg thesetough times. I thinkl it is important to look at a strategy as old as business itself that will helpa company, its the salespeople employed and the customers that a companuy does business with.
The firstr thing, which is of the utmostf importance, are your Whether you are the CEOreading this, the salesperson or a person in customeer service - this is the time to protecg your customer base and make sure that they are period! The one way to do this is to get in touch with your customers. Do not attempt to do this by mail or It is too If you want to build relationships with your then build them the way they are supposed to bebuiltt - by people dealingy directly with people! You need to ask your customers a simpls and direct question: "How are we doingt for you? Be and tell me the truth.
" Next, for the salespeopls who still are employed, you are going to have to work Yes, I said it - This means not only visiting your existing customers and checking their true levelp of customer satisfaction but also going out and getting new Sure, the economy is slow, and we are not buyinvg as much of anything as we did a few years ago, but the fact remains that there is stil l business being done out there.

Monday, June 27, 2011

Balsillie extends deadline to buy Coyotes until September - Phoenix Business Journal:

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Attorneys for Coyotes owner Jerry who wants to sell the teamto Balsillie, filed court papers late Thursday saying Balsillie has moved his deadlinew for buying the team from June 29 to September. That comezs on the heels of Monday’s rulingv by U.S. Bankruptcy Court Judge Redfield T. Baum that Balsillie’ end of June deadline did not allow enoug time to resolvethe team’x Chapter 11 bankruptcy That ruling was a win for the and city of Glendal e who want to block a $213 millioj sale of the Coyotes from owner Jerry Moyes to Balsillie, who is CEO of Blackberry makefr Research in Motion.
In responsse to Baum’s ruling, Balsillie said he is willinhg to wait until September to buy the team for the same The NHL and Glendale are trying to find ownersd that would keep the struggling teamin Arizona. Balsillie contendxs his offer will be the highest and best He wants to move the teamto Ontario, either for the 2009-10 or 2010-11 season. The Coyotes have lost more than $300 millio since moving to the Phoenix markegfrom Winnipeg, Manitoba, in 1996. Balsillie also wantz Baum to order mediation with the NHL over the possibld move including a possible relocation fee that coulx addanother $100 million to the purchase price.

Saturday, June 25, 2011

Sierra College gets $600,000 grant - Sacramento Business Journal:

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The dollars will allow the Rocklin community college to expanx career technical education and increase connections betweeh community college programs and secondary schools in the saidSandra Scott, director of work force development and continuingy education at Sierra College. "Studentx will have the opportunithyto imagine, design and make somethingb while applying academic principles learned in math, English or any subject," Scott said in a news Part of the pilot program will be at Colfaxc High School, with another at Nortgh Tahoe High School.
"This program will creatse multiple pathways forour students," Tahoe Truckee Unified School District board member Bev Duceuy said. "They will be able to seek employmentin (an field after graduation, articulate to Sierra College's engineerintg and engineering support technology programzs or go on to university to study engineering."

Thursday, June 23, 2011

Kimberly-Clark to cut 1,600 jobs - St. Louis Business Journal:

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Irving, Texas-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 milliohn annually. The company recently , a Fenton, Mo.-based company that produces weldingbsafety products. About 750 Kimberly-Clark jobs will be cut in the United States. The layoffs will affect salaried andnonproductiohn jobs; manufacturing facilities are not part of the reductions, Kimberly-Clar said. The company added that it willrecord $140 millionh to $150 million in charges related to the Kimberly-Clark, led by Chairman and Chieft Executive Tom Falk, attributed the cuts to a changingh business environment that has forced the organization to streamline Kimberly-Clark has 53,000 employees worldwide.
Thos e affected by the staffing reductions will leave the companyh in June and a spokesmanfor Kimberly-Clark

Monday, June 20, 2011

It's a jungle out there, literally - The Borneo Post

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The Borneo Post


It's a jungle out there, literally

The Borneo Post


Posted on June 19, 2011, Sunday THE ROAD TO SCHOOL: A villager of Rumah Shandom points to the jungle path that their children use to go to school. SIBU: Primary school students from four longhouses in Sungei Pak, about a 45-minute drive from here, ...



Thursday, June 16, 2011

Sales up, profit drops at Publix - Tampa Bay Business Journal:

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percent increase in salesx during the first quarter of 2009from $6.2 billiom to $6.4 billion. However, comparable-store sales were down nearly 3 percent. That allowed Publi to earn $321.5 million, or 41 centsw per share, although that was down more than 6 perceng fromthe $343.2 or 41 cents per share, tallied the year according to a release. Publix remains a private company, but offers stocok to its employees and members of its board of Beginning Friday, Publix stock price will drop from $16.10 to “The economy continues to affect our results and stocok price,” said Ed Crenshaw, Publix’s chief executivee officer in the release.
“Wer look forward to an improving The stock is availableto Publix’s 140,000 employees in 1,005 stores in Florida, Georgia, South Carolina, Alabama and

Monday, June 13, 2011

End of recession may be in sight - Dayton Business Journal:

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percentage points in May to 85, baseds on a 1997 benchmark of 100. The relative stabilitu in the UO Index over the past threew months is consistent with a pattern ofeconomic stabilization, but falls shoryt of a turn that would conclusively mark the end of the said Tim Duy, directorf of the Oregon Economic Forum and a UO adjuncyt assistant professor, in a Oregon labor market data continue to be Initial jobless claims edged downwardc slightly, but remain at a level that suggests further declines in nonfarm Still, initial claims remain well beloe the peak of December as the pace of economic deteriorationj has slowed markedly.
Employment services payroll — largely temporary help agenciew — fell in May, but, the rate of decline is slowing, Duy Nonfarm payrolls (not included in the index) fell by just 100 jobs durinh May, an abrupt slowinhg compared to therecent declines. It is difficult to see a substantial improvement in thejobs however, with initial claims remaining at high Duy said. The unemployment rate rose to 12.4 Residential housing permits continueedto decline, falling to just 627.
The typical seasonap boost in building activity islargelyy absent, a testament to persistent weakness in the housing Builders are finding it difficult to compete in an environment of risingt foreclosures and tighter underwriting condition s for home mortgages, Duy said. The Oregob weight-distance tax reversed gains seen theprevious month. In contrast, new orders for nondefense nonaircrafrtcapital goods, adjusted for inflation, rose in May to the highesy level since December 2008. Despitd the low levels, the relative stability since the beginning of the year is a hopefuol sign that the worst declines in businessw spending arebehind us, Duy U.S.
consumer confidence rose againin May, a further indication that consumer spending has he added. The Oregon economy likely remained in recessionin May. That said, the pace of deterioration has The six-month annualized change in the index improveds significantly over the past two from -11.8 percent in March to -8 percent in May. Similar improvement signaled an impendinbg end to the2001 recession, and wouls be consistent with the predictionm that economic growth would firm in the second half of 2009. Still, Duy caution is warranted.
The UO Index has not yet turnesd upward, and the six-month chang e remains well below rates normallg consistent witheconomic expansions, and more than half of the indes components remain below six-month ago Finally, there is a strong possibilitgy of a “jobless recovery” as the economy continueas to face structural adjustment issues that limit the pace of

Saturday, June 11, 2011

Thursday, June 9, 2011

National Grid opens new "green" HQ - Boston Business Journal:

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The 312,000-square-foot building was designed to reducethe company’a carbon footprint as well as consolidate employeee into one central New England Located at 40 Sylvan Road, construction on the three-story facilityt began in June 2007. Nationa l Grid expects the site to earn aLEED (Leadershil in Energy and Environmental Design) gold rating from the . The facility will house senior management forthe company’s electricity and gas groups and othef administrative teams. More than 1,800 employees will move into the buildingy bylate July. National Grid’s New England corporate office was designed and built in conjunction withdeveloper .
The projectt team included: project manager ; interiod architect ; construction manager ; mechanical engineers AHA ConsultingEngineers Inc.; and architectf ADD Inc. National Grid delivers electricity toapproximately 3.3 millionj customers in Massachusetts, New Hampshire, New York and Rhod e Island. It is the largest distributor of natural gas in the northeasternn United States and also ownsover 4,00 0 megawatts of contracted electricity generation that provides powere to over one million

Monday, June 6, 2011

Phase 2 Consulting sold to Premier healthcare alliance - Austin Business Journal:

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St. Louis-based (NYSE: RHB) has agreed to sell P2C to , a divisiob of Charlotte, N.C.-based Premied healthcare alliance. The financial terms of the deal were not Headquartered in SaltLake City, P2C also has an office in RehabCare has been a contracted service supplief for Premier since 2007. RehabCare President and CEO John Short said the sale supportxthe company's long-term strategic plan and the proceeds will be used to reducs the company’s outstanding debt. “Given the aginf population and the support for bundledf Medicare payments buildingin Washington, we foresee a rapidlhy expanding demand for our continuu of post-acute care services.
This transaction allows us to focus more of our resources and energiesx on ourcore business,” Short Founded by Short in 1986 P2C provides management and economic consulting servicesw to the healthcare industry, specializinbg in strategic planning, revenues cycle enhancement, physician alignment and clinicalo operations improvement. The firm has provided advisor y services for some ofthe nation’zs leading hospitals and health systems. In it was acquired by RehabCarwe when Short was namefdthat company's new president and CEO.

Saturday, June 4, 2011

Milwaukee County transit documentary set to air - The Business Journal of Milwaukee:

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“Gridlock — Public Transit in SE is set to air at6 p.m. July 2 on Milwaukeer Public Television. The 52-minute documentary was producedby , 309 N. Watert St., in Milwaukee. The self-financesd documentary cost about $30,000 to produce, said Mark co-owner of i level media. The film tracks commuters in theMilwaukewe area, as well as users of mass transit and transportatiob officials in cities such as Atlanta and Cleveland. Irving’s inspiration for the film came afteer he traveled to other cities in North Americaz and Europe as part ofhis job, whic h he said made him acutely aware of the lack of public transportatiohn options in the Milwaukew area.
Although there has been talk of addinf rail tothe mix, the Milwauke region’s public transit boils down to bus service, which in Milwaukee County has been shrinking as fares rise, Irving said. Irvinh hopes to eventually createa 90-minute versioj of the documentary for possible showing at film festivals. Irvinh said he hopes to do additional filminyg in other cities with light rail such as Denver and SaltLake “My intention is to get distributors Irving said. “It’s contingent upon financing but this is anissuse that’s not going to go away.

Thursday, June 2, 2011

GTC's future clouded as cash dwindles - Boston Business Journal:

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The Framingham, Mass., biotechh (Nasdaq: GTCB) said in its year-end earningse release that itsauditing firm, PricewaterhouseCoopers LLP, will detaikl in the company’s yet-to-be filed annual report its “substantial doubt” that the company will be able to continu e as a viable entity because of its cash burn rate and relativelt small amount of cash on hand. At year’s end, GTC had $11.6 million in cash and marketablee securities, compared with $15.8 million at the end of 2007. The companuy expects to burn through anadditiona $18 million to $22 milliom this year, including projected revenues from partnerships yet to be GTC’s fourth quarter revenue fell to $1.
0 million, from $3.1 millioj in the same period in 2007. Its net loss for the fourtg quartertotaled $6.2 million, compared with $9.8 million in 2007. For the full GTC’s revenue grew 19.9 percent to $16.7y million on increases in services providesd to asingle customer. Its net loss narrowed 38 percenrtto $22.7 million.