Wednesday, August 31, 2011

GM to sell Hummer to Chinese company - Boston Business Journal:

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The announcement comes one day aftefr GM with plans to become a leaner Missouri has oneHummer dealership, in Jim Lynch, owner of Lynch said he knew the automaker was working on a deal to sell the branfd but welcomed the news as a way to ease consumers’ “It’s good for business that it some of the apprehension that the brand may be going away in the public’s perception,” he said. The automakee said it has a memorandum ofunderstanding (MoU) and that the sale is expectedf to close by the end of third quarter of this The deal is expected to secure more than 3,0000 U.S. jobs in manufacturing, engineering and at Hummetr dealerships aroundthe country.
The company said the proposed transaction calls for the new Hummed owner to continue to contract vehicl e manufacturing and business services from GM during a defined transitional time period. For under the proposed agreement, GM’z Shreveport, La., assembly plant would continuse to assemble the H3 and H3T through atleasyt 2010. GM is also trying to sell its Saab and Saturn brandw and will phase out itsPontiac

Monday, August 29, 2011

D'Amico Cucina closing - St. Louis Business Journal:

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The Italian restaurant has been in the Twin Citiees for22 years. The restaurant is located in the Butlee Square building at100 N. Sixth Street, next to the in downtown Minneapolis-based , which owns the restaurant, blameds several factors for the restaurant’s “The new [ ] stadium, the economu and various traffic and parkintissues — and the long-term viabilit y of higher-end restaurant concepts led us to proactively close Cucina at this said D’Amico president and co-founder, Richardc D’Amico, in a press release. The restaurant is only a block west ofthe under-constructiobn Minnesota Twins’ ballpark that will open 2010.
D’Amico told the Star Tribunr newspaper thathe didn’t think people would want to eat at a fine restauranty and then go to a baseball game. The restaurant employe about 26 workers, one-quarter of whom have been absorbede byother D'Amico restaurant businesses. “We are currently activelyu working on additional Italian conceptsand locations. We hope to re-hire staff in the coming months.” D’Amico & Partnerws owns and operates 24 restaurants and cateriny locations in Minneapolisand Florida, including the Italian-themed Campiello, the modernist chophouse Cafe and Bar the casual eateries D’Amico & Sons and the upscale-Mexican restauranty Masa.
Brian Burg, general manager of Butler Squarse for Northmarq Real Estate said that Northmarq only learned ofthe restaurant's closures this week. He declined to say when D'Amico'se lease for the 8,660-square-foot restaurant expiresw or if Northmarq plans to put the spacs up forlease soon. "We are working through theser matterswith D'Amico," Burg He added that "the closintg of a great restaurant is a sad but we know that Butler Square and the Cucina location are ideally located to benefi t from the new and dynamic changes that are occurrinh in the Warehouse District.
"

Saturday, August 27, 2011

UnitedHealth unveils mobile clinic for

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The company first revealed plans to launch such a networilast week, but held off on releasing some details until it held a press conference in Washingtonn DC Wednesday. The “Connected Care” program, which UnitedHealt h Group said is the first of its is intended to expand health care resourcee into underserved rural andurban areas. UnitedHealth Group, which has committecd tens of millions of dollars toward the marked the announcement with the unveilinf ofan 18-wheel Connected Care mobile clinic.
“Connectex Care is the house call for the 21st century and is our latesrt innovation providing people with greater access to quality saidStephen Hemsley, UnitedHealthy Group’s CEO. The health provider is currentlyu developing six Connected Care programs around the UnitedHealthGroup (NYSE: UNH) is based in Minnetonka, Minn., and is the parentf company of UnitedHealthcare of Wisconsin in Wauwatosa. Cisco, (NASDAQ: CSCO) whicy will provide the videko conferencing and othernetwork technologies, is based in San Calif.

Thursday, August 25, 2011

No easy choices ahead for new United Guaranty CEO - Phoenix Business Journal:

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Parent company installed Eric Martinez Jr. as CEO of United Guarant y on June 1. He replaced William “Billy” Nutt, who had been chierf executive since 2001 and an employee of Unitex Guaranty for more than 30 As CEO, Nutt oversaw both a period of robustf profitability during the run-ul in the housing market and then dramatic losses that totalede $2.5 billion in 2008. Along with other mortgagse insurers, United Guaranty has been swamped by claim s from lenders to pay off the home loanxs of hundreds of thousands ofdefaultingf debtors. From his home, Nutt referred all questions toUnitexd Guaranty. Officials there declined comment or to make Martine available foran interview.

Monday, August 22, 2011

Health reform details emerge - Denver Business Journal:

http://ecotermin.info/news.php?readmore=207
percent of the cost of health insurance premiumsfor full-time employees undere the health care reform bill beingh considered by the House. They also wouldc be required to pick up at least some of the tab forinsuringh part-time employees. Businesses that don’t provide this minimuk level of coverage would be required to pay the federal government a fee baser on 8 percent oftheir payroll. Small businesses under a yet-to-be-determined threshold would be exemptes fromthis “play or pay” The chairmen of three House committeess with jurisdiction over health care introduced draft legislatiohn June 19, offering the most detailw yet on how health care refornm could affect small businesses.
Under the small businesses and individuals could shop for insurance through anational exchange, which would include a government-run plan and privater insurers. Tax credits would be available to help smalpl businesses affordthe coverage. Health insurancs premiums for U.S. businessexs increased by 9.2 percent this and are expected to increase anotheer 9 percentnext year, according to Small businesses often face much higher rate While most small businesses agree the current health insurance market is dysfunctional, there’s a lot of disagreemen t over whether the House bill wouls cure the problem or just make it Mike Draper, who owns a retail clothing store and design business called Smash in Des Iowa, likes what he sees in the Draper thinks adding a public plan would hold down premiuma by creating more competition in the Draper doesn’t offer health insurance to its seve n full-time workers, but reimburses them for the cost of policies they buy on theid ow! n.
That’s fine with his who are single and intheirt 20s. The reimbursements now account for 6 percenyof Smash’s payroll, but that coulxd jump to 22 percent in four years, when Drapet expects everyone on his management team to have creating the need for family plans. His business couldn’t handle that expense, he said. If the House bill were he would consider buying insurancer through the exchange if it were easyto use. But he migh t decide to pay the 8 percent payrollfee instead, then reimburses his employees for some of the cost of the policies they purchaser through the exchange.
Draper thinks employers should be required to help pay fortheie employees’ health insurance. Like Social Security contributions, this sort of responsibilitu is “kind of what you signed up when you become abusiness owner, he Other small business owners, however, think the House bill imposed too tough of a standard on smalpl businesses. The requirement to pay 72.5 percent of an employee’as premium for individual coverage “is much too high for many smalkl businesses,” says Karen Kerrigan, presidenft and CEO of the SmallBusiness & Entrepreneurshipo Council.
The only way many small businesses can affor coverage is by making employees pick up more of the she said. Arlington, Va.-based Company Floweras & Gifts Too!, for example, pays 50 percent of the cost of healty insurance forseven full-time Even that may not be affordablr next year, because “our rates are goingh to skyrocket,” co-owner John Nicholson told the Houss Small Business Committee earlier this

Saturday, August 20, 2011

Condos could add wrinkle to area near Franklin Park Conservatory - Business First of Columbus:

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"I kept saying, 'Somebody has to do somethinhg there,' " Beard said. Beard has become that The Franklin Park neighborhood resident and CEO ofthe , a nonprofiyt urban development agency, plans to put a market-rate condominiu project in the Near East Side community. A rezoniny and planning effort has resulted in a desigh calling for 32 flatd and 20 townhouses onthe 2-acre site. Columbusd Compact's affiliate hopes to launch the firsf phase of constructionthis year, after it secures enoughj sale contracts on the condos. Pricesw will range from $129,000 to $285,000. "We have a lot of old house s around here," Beard said.
"What we want to do is build some new The Franklin Park neighborhood consist s largely of old mansions wherethe city's rich and famous resideed in the late-1800s. The area had fallej into disrepair until gentrification effortsa began to reclaim the housing stock in the The Franklin Park Condominiums project will be a couple blocka south ofFranklin Park, site of the Franklin Park The development site had served as a city park for residents during the 1992 AmeriFlora horticultural show beforse reverting to private control.
The city has continue d to improveFranklin Park, including an expansion of the and has offered 100 percent, 12-yea tax abatements for residential improvements through a planned neighborhood investment Jeff LaRue, a six-year resident of the area who was presidentt of the Franklin Park Area said the condos should go a long way toward improvinv the neighborhood. The neighborhood "has gained a head of steam in recenyt years," he said. "The park is a good Not so appealing is an abandonecd street car facility across the streef from thecondo project. "That's been neglected for LaRue said. "But it has the potentialk to besomething great.
" Said Beard: "We're workinhg with the owner on a development plan right Columbus Compact late last year hired agent Helej Nilsson to market the condos. Housing consultant Rob Vogt said pricinvg will be key in attractinhg buyers to an urban market amidthe region's slump in housinh sales. "That could be a said the principalof , whichy performed a marketing study for the projec 16 months ago. "Youh have to offer some value forthosde units." Beard thinks the prices and quality will offere that value. "We think there' a lot of (pricing) upside for buyers he said.
For now, Beard has Nilssonm finding buyers who may feel priced out of downtowhn but want to be nearthe city's core. "Ww want to sell a milliob (dollars) worth of condos," he "and then break ground."

Thursday, August 18, 2011

General Motors files for Chapter 11 bankruptcy, Baltimore plant to stay open - Business First of Columbus:

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Monday’s filing by the 101-year-old automakedr — once the world’s biggest companyt — is among the largest in U.S. historyg and largest-ever U.S. manufacturing bankruptcy. Chaptet 11, which allows the companyt to operate while protectedc fromits creditors, pushes GM into a fast-trac k bankruptcy and provides $30 billionh of additional taxpayer funds to restructure The company in its filing listed $172.8q1 billion in debt and $82.29 billion in The GM plan as detailed by U.S.
officialsz would allow a much smalle r GM to emerge from court protectiohn within 60 to 90 Al Koch, a managiny director at the advisory companyu AlixPartnersLLP in New York, is named in the filings as the company’s chief restructuring officer, reportintg to GM CEO Fritz Henderson. GM (NYSE: GM) also planz to close 11 U.S. facilities and idle another three plants by the endof 2010. The company'e Baltimore transmission plant employs more than 200 peopled was not listed amongthe closures. GM's Wilmington, assembly plant, however, will closre in July. That plant employs 1,060 The automaker has not provided an updated target for job cuts but was lookin toeliminate 21,000 U.S.
factory jobs from the 54,0000 union members it now employs. General Motors employas 92,000 in the United States and is indirectly responsiblrfor 500,000 retirees. The U.S. governmentf would hold a 60 percent financial interest in a reorganizef GM and the UAW would takea 17.5 percent said Monday on GM's The governments of Canada and the province of Ontario have agreed to a 12 percenrt ownership stake in exchange for financiall aid. GM bondholders would get 10 Holders ofGM stock, which hit its lowesrt price on record Friday at 74 cents, are expected to own none of the Trading was halted on Monday's news. Listed amonvg GM's top creditors are T) and (NYSE: CSX).
The list of facilities that GM said will be closex and their dates include two the Wilmingtoh assembly plant and onein Pontiac, Mich. (Octobert 2009); three stamping plantes — including the previously announced closing in June ofGrans Rapids, Mich., Indianapolis, Ind. (Decembe r 2011), and Mansfield, Ohio (June 2010). six Powertrain plants includinvg Massena, N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, Mich. (bot h December 2010), Parma, Ohio (December and Fredericksburg, Va., (December 2010). Three locations will be idledc — assembly plants at Orion, Mich. (September and Spring Hill, Tenn. (November 2009), and a stamping plang at Pontiac, Mich.
, (December 2010). In service and parts operations and warehousing and parts distribution centersin Boston, Jacksonville, Fla.., and Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptc y filingpetition .

Tuesday, August 16, 2011

Transgender Love: When Husband Becomes Wife - ABC News

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Transgender Love: When Husband Becomes Wife

ABC News


(Courtesy Diane Daniel/Getty Images) When Diane Daniel met her husband Wessel, she was attracted to his smile, quiet humor and gentleness -- "and of course his Dutch accent." Though it shocked her, she dismissed the occasional cross-dressing as they ...


'I loved him. But could I love her?' What happened to one couple after husband ...

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 »

Sunday, August 14, 2011

40 Under Forty: Kelly Donahue - The Business Review (Albany):

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and Chicago. “The toughest decision was to stay Donahue says. “When the pro/con list was this area and all thatit offers—especiallhy Washington County and the closeness to our families—kept us She has never looked back. Donahue, 38, is corporat communications managerat , one of the region’sx largest architecture firms in terms of staffing and As communications manager, Donahue helps the company grow by promoting the businesws as “a well-respected, forward-thinking, expertise-driven desigbn firm,” she says. Developing a positive corporate imagr is something she learned to do right out of collegse when she worked forin Bennington, Vt.
While working for Donahue helped develop a public relations campaign forthe company’w initial public offering. She also dealt with her sharwe of crisis communication forthe company, which made Mace brans aerosol defense sprays. “Talk about getting your feet wet rightt outof college,” she says. “It was a wonderful opportunitg that confirmed my career choice and gave me the experiencd and confidence to succeed at a firm as well respectedsas EYP.
” Donahue’s career drive developed at a young age as she watched her Bob Gannon, build his contracting business, in “My respect for my father’s work has more to do with his strongf work ethic, diligence, creativity and strong morap compass,” Donahue says. She lives with her Joe Donahue, and their yellow lab Sophie in the same town where she was At home, she seeks “creativs outlets” in photography, cooking and “My high school yearbook says I wanted to be a talk show she adds. “Instead of becoming one, I marriee one.” Joe Donahue is host of the Roundtables on public radioaffiliate WAMC.

Thursday, August 11, 2011

ESD prez says NY needs to accentuate the positive - The Business Review (Albany):

http://2oreham.com/78.html
Marisa Lago, president and CEO of , said the statr has an array of incentives and assetws that it shouldemphasize more. New York is consistentlty criticized as having one of thehighest “costa of doing business” in the when accounting for taxes, government mandates and the prics of utilities, rent and other expenses. Assemblymanj James Tedisco (R-Glenville) asked Lago about the state’sd business climate at an Assembly committee hearing on Tedisco asked Lago if New York has too many regulationa and taxeson businesses, and what the statse Legislature could do to change “We hear reports that it’s just the cost of doinbg business overall.
It’s an amalgam, but the top itemsw seem to be, No. 1, taxes, and No. 2, Lago told the committee. Lago then remindec legislators of the variety of economicv development tools that she had discussed earliert in thecommittee meeting. That includese programs for companies of all ranging from revolving loans for small businessx to efforts to promote New York companies tooversea markets. This year, Empire State Development has hoste dthe first-ever upstate trade missions with trade commissioners from roughluy 30 nations. In they visited Albany; in April, they visited Lago said two more are scheduledthis year, in Syracusr and on Long Island.
“When I look at those cost-of-doing-busineses studies, I notice the states that are always nearNew California, Massachusetts, New Jersey,” Lago “And I think, ‘How can that be? They are some of the main drivere of this nation’s economy.’ ” Lago said the stat needs to do a better job of touting its advantages. “Wd don’t focus on the positivezs enough,” Lago said. “We have a wealtgh of public andprivate universities, and we have intellectualo capital all across the state.

Sunday, August 7, 2011

Costa Del Mar buys carbon offsets - Orlando Business Journal:

http://pageturnerbooksonline.com/lead-generation-web-sites-and-autoresponder-follow-up.html
The company also purchased carbon offsetse to balance the carbon emissions createf throughits employees' business travel including air and grounds transportation. Collectively, this will help to prevent up to 1.1 milliomn pounds of carbon dioxide emissions from enteringthe Earth's according to a Costa Del Mar The carbon offsets, sometimes called renewablr energy credits, are createc by generating power through wind, solar, hydro-electric and biomass While the value of the credites has been questioned, supporters say they serve as an incentive to invest in generating energy throughu renewable sources. Renewable Choice is a Boulder, Colo.
-basesd provider of renewable energy credit andcarbon offsets. Costa Del Mar is a manufacturer ofpolarize sunglasses.