Tuesday, July 31, 2012

Fed: Region's economy has weakened further - Boston Business Journal:

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That’s according to the latest quarterly Beige Book reportr fromthe Fed. In its June report, the Fed notedx that one-third of manufacturing companies contacted for the survehy recorded drops in production andnew orders. Steekl producers and service centersa did report that prior sharp declinews in shipping volume areleveling off, but volumwe is still low. The only market showing signsw of stability is according tothe report. Manufacturers also reported that capitak budgets have been frozem or cutback sharply. And some manufacturere are limiting expenditures to criticalmaintenance only. Most respondents in manufacturint reported deeper cuts in payrollsince April.
In the real estatde industry, residential construction remains weak, although builderss are more optimistic than they were earlier inthe year. Most surveyed reported increased sales activityh and higher levels offoot traffic. But buildera are finding it hard to securs financing and say that the continuedr credit crunch is hamperinv the recovery in thehousing industry. On the commercia real estate side, builders in publi works project were more positive than those in other commercia andindustrial development. Financing also is a proble m in commercial real estatde and most builders do not see conditions improving over the next few according tothe report.
In the retai industry, responses were mixed. Retailers said they have seen no major shifts in consumer spending and said they expecy little change during thethird quarter. Auto dealers report new vehiclwsales slowed, but used vehicle sales showed modesty improvement. In banking, financial institutionas reported that demand for commercial and industriak loansis mixed, with some community bankers reporting that they are attracting business from regional banks.
Refinancing applications for residential mortgagesremain strong, with interestg rates hovering at low Most bankers reported increases in loan Most of those loans were tied to real Production declines were reported by respondents in the coal as electric utilities work through theit excess inventories. Oil and gas production was reportedr tobe stable, despite a generao slowdown in drilling activity. In the transportatiomn industry, shipping volume was reportedd to be at low levels and shipmentsw are downsubstantially year-over-year. Most transportatiob industry officials expect activity to stay at currenty levels through thethirdr quarter.

Monday, July 30, 2012

Colonial African-American stoneware artists, stolen, hidden, now rediscovered - Art Daily

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Colonial African-American stoneware artists, stolen, hidden, now rediscovered

Art Daily


Top row: Left and Right, Thomas Commeraw/David Morgan stoneware pottery in the Metropolitan Museum's collection, both sides. Bottom row: Left, This Thomas Commeraw stoneware pottery was offered on eBay in April for $500; the same Colonial ...



Saturday, July 28, 2012

N.C. travel: Motorists down, airlines up - Nashville Business Journal:

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Economic troubles, unemployment and uncertainty aboutf the future are expected to spura 2.7 percenty drop in expected motorists this holiday weekencd from 971,000 in 2008 to 945,00o0 in 2009. This marks the seconsd straight year July 4th travelhas declined. The announcemen t follows 10 consecutive days of decreasinggasolins prices, from a state average of $2.66 per gallonb on June 20 to $2.61 per gallon on June 30. the lowest average gasoline prices in the state can be found in High Pointat $2.53 per while the highest can be found in Durha m at $2.66. Nonetheless, the overall 61-centr increase in average prices over the last 61 days appearxs to be keeping travelers offthe road.
many will turn to air travek this weekend, with 59,000 passengers takingg flight across thestate — a 5.4 percenft increase from 56,000 during the holidayu weekend in 2008.

Friday, July 27, 2012

C&S lands 5-year Umatilla contract - Jacksonville Business Journal:

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The company’s Orlando office will provide engineering and planning to the city for proposecairport projects, starting with an update to the airport’d master and layout plans, according to a news Those projects are expected to receive funding assistancw from the and . The contractf value will be based onindividual projects, whose values have yet to be said C&S. The agreement coversd future projects, including hangar development, utilitg installation, security, aircraft and automobile parkingand access, runwayt improvements, land acquisition and related improvements, the releasre said.
The city want to market the airpory as a destination for businessea and individuals and believezs the airport can be an economic engine for the therelease said. Syracuse, N.Y.-based C&wS Cos. is an engineering, architecture, planning, construction and technology firm workinyg inthe municipal, educational, industrial and private sectors.

Tuesday, July 24, 2012

Crescent Resources files Chapter 11 - Minneapolis / St. Paul Business Journal:

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Charlotte, N.C.-based Crescent Resources -- a joint venture of and that specializesxin mixed-use developments -- said the move is part of its strategyh to reduce debt and improved its capital structure. The bankruptcy filingh was made inthe U.S. Bankruptc Court in the Western Districtof Texas, Austinb Division. Before the Chapter 11 Crescent faced paymentsof $50 millio by the end of this year, $75 million in 2010 and $100 million in 2011 on its Crescent Resources has landed $110 million in debtor-in-possession financingh from a group of its existing lenders, whic h will provide sufficient funds to operatee its ongoing business activities.
Crescent Resources CEO Arthur Fields has retirec from the company and will continue to work with the companty in anadvisory capacity. Andrew Hede, Crescent’s chiefc restructuring officer, will serve as CEO. a managing director with , has more than 15 yeard of financial restructuring andbusiness experience. “Wes have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will brinbg our capital structure in line with the currenteconomicx environment,” Hede said in a news “...
Despite the unprecedented challenges facing the real estate industry, we believe Crescent's underlying businesw model is solid, and our assets remain very attractive. We are encouraged that our lenders have agreeed to provide additional funding to supporty our continued operations and allows us to maintain the high level of service and amenitie our customers have cometo expect. We intend to reacu an agreement on our new capital structurwe and emerge frombankruptcy quickly.” Life insurance gian could keep Crescent Resources as its join development partner on the new 20-story Phippsx Tower, commercial real estate brokerss and developers have said.
And Manulife has optionas to see the building through to brokers and developershave said. Phipps Towerd is a nearly 500,000-square-foot buildinf next to Phipps Plazain Atlanta’s posh Buckhead area. Crescen Resources is active in commerciall and residential real estate development and land management acrosxs the Southeast and Southwest and hascreated mixed-usee developments, business and industrial parks, country-club single-family neighborhoods and apartment and condoi complexes. It has 38 residential communities under developmengt inthe Carolinas, Texas, Florida and Arizona, and is currently buildinf 1,200 apartment units. It also owns 75,009 acres of land.
Crescent has 264

Monday, July 23, 2012

Former state secretary Richkus tapped for seat on Maryland Port Commission - Baltimore Business Journal:

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Gov. Martin O'Malley appointed who served as state general services secretary from 1993 to to replaceformer Gov. Robert Ehrlich appointee Brendwa Dandy, whose term expired. She will servs a three-year term. Richkus joins current commissionerzWilliam Dockser, Donald C. Fry, Alvin J. Theodore Venetoulis and Charles H. White Jr. As generao services secretary, Richkus oversaw 725 a $82 million operating budgef anda $430 million capital budget and was responsibl e for state procurement and real Before serving in state government, Richkuds worked in the private sector for 20 years, largelyt at international planning and construction firm She has also taughy government and business classes at the and .
The port employsa 16,500 people and is a strong economic engind forthe state, generatingt $388 million in state and locakl taxes. It is the top U.S. port for importedr forest products, roll on/roll off cargo, exportedc cars and imported gypsum, suga r and iron ore.

Saturday, July 21, 2012

HGTV

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The site is in the second phasde of San Pedro which is part of the sprawling development east of theSandiaz Mountains. Campbell’s developers aggressively sought to be part of the Dream Home show that has a viewshiop of 97million U.S. homes. The Dreaj Homes are given away annually, but some winnerz didn’t take them because of tax Campbell Ranch has guaranteed to HGTV that it will buy back the home from the Home and Garden network if the winnere does not wantthe $1.5 million Some in the region’z housing industry say the show can throw a national spotligh t on the local housing industry and promote higher-ens homes that have suffered in the current downturn.
San Pedrol Overlook is embarking on a third phase of70 lots, but many of its second phasw lots have not been built yet because of the sluggish economy. The new home was designes by Amy Coburn, a -trained architect who worked at . Cedatr Crest builder Mark Roccaforte of isthe builder. This is the firstt time Knoxville, Tenn.-based HGTV has built a dream home in the The contemporarySouthwestern Pueblo-style dwelling features thres bedrooms, three bathrooms, a home office, home theater, gourmety kitchen and guest casita. It is being buil t to have unobstructed views of the Sandia and San Pedrimountain ranges.
“This is our first Southwesg location for the HGTV dream home and we intend to show the featuresz that make this locationso It’s a spectacular places and the house we’re buildingf is going to be a responsible example of Southwestern living at its best,” said HGTV Dream Home plannere Jack Thomasson. For more information on the home, visit or watch the and the Campbelkl Ranch dreamhome site.

Friday, July 20, 2012

Premium Exploration Wishes to Update Shareholders - MarketWatch (press release)

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Premium Exploration Wishes to Update Shareholders

MarketWatch (press release)


VANCOUVER, BRITISH COLUMBIA, Jul 20, 2012 (MARKETWIRE via COMTEX) -- Premium Exploration Inc. (CVE:CA:PEM) (otcqx:PMMEF) ("Premium" or the "Company") wishes to advise shareholders that an updated technical report on the Company's ...



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Thursday, July 19, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - Business First of Buffalo:

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The Washington Post and New York Timess reported late on Tuesday that the antitrust probe is centered onwhetherd (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and otheras agreed not to recruit each other'w employees. The stories cite unnamed sources the papers said are familiar with the The investigation is reportedly in its early with the papers saying that the governmeny has requested documents and information fromtargetedc companies. The inquiry is seen as another sign that the Obamz administration will be more aggressive on antitrust laws than his predecessorf and Silicon Valley tech firmsd are a focus ofthat attention.
The Justice Department is currentlg also investigating a proposed settlementfbetween Google, authors and publishers to resolver a copyright dispute, the Wall Streetf Journal has reported citing unnamed sources. The Federalo Trade Commission has also askefd questions about whether having Google CEO Eric Schmidt and formerrGenentech Inc. CEO Art Levinsob on both the Appled and Google board is a violatio n ofantitrust laws.

Tuesday, July 17, 2012

CACTUS Asks for Consultation Before Shutting Down CBC Transmission Sites - Broadcaster

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CACTUS Asks for Consultation Before Shutting Down CBC Transmission Sites

Broadcaster


More than 2000 individual Canadians, community organizations, MPs and municipalities have written to the CRTC to ask that they be consulted about what happens to CBC transmission sites in their communities.



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Monday, July 16, 2012

Third Frontier OKs $12.5M for Central Ohio organizations - Business First of Columbus:

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million infusion. The Ohio Department of Development saidfour Columbus-areaq entities are in line to receive funding as part of the state’sw 10-year, $1.6 billion Thirxd Frontier initiative to create high-tech jobs. The awards announced this week are designex to help with local venture capital efforts and researc h into alternative fuel vehicles andadvancedx materials. • Columbus-based will receivre $1.6 million for its third venture capital fund.
• , the Columbud region’s technology incubator and technologyindustry advocate, is in line for $900,000 for its venture capital Pre-Seed Fund II • , a Plain City-based technologty development company and spinoff of Columbus-baser , will be given $4 million to applyt microchannel processes to transportation fuel • in Columbus will be presented with two awardz of $3 million each – one that will go towardsw research and development of hybrid-electric commerciap vehicles, the other for commercialization of bio-basede reinforcement materials in plastic composites.
The Centralp Ohio awards were part ofa $36 milliobn round of funding the Third Frontiert program awarded across the state. Awardsx are contingent on state ControllingBoarfd approval.

Saturday, July 14, 2012

State senator wants to remove UC

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In a release, Yee, who receivex his bachelor’s degree from UC said that the Regents of the system thin theyare “above the law.” The University of California Office of the Presidenf shot back in its own saying that the system is one of the few agenciee in government that is working, that it’sx flourished under its and that the salaries it pays to top leadersa is below the national averaged for comparable institutions. The state’s constitution guaranteed the regents autonomyy on all issues related to management of the systeksince 1879.
The proposed amendment, SCA 21, and its counterpar on in the State Assembly, ACA 24, need two-thirdsz approval from the legislature and then needs approvalo fromstate voters.

Friday, July 13, 2012

Housing Authority to show companies how to get contracts - Denver Business Journal:

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Ismael Guerrero, DHA executive said in a presa release, “Our contracts run the gamut from supply to serviceeto construction-related goods and services.” DHA will provide attendees with a listing of its numerousx 2008-2009 contracting opportunities in the areas of supply and services. In addition, the event will feature a presentationon DHA’z procurement process. Business owners also can ask specific contractingv questions during threebreakout sessions. Those attending the open housermust pre-register at Free parking will be provided for thoss who register by Monday, Oct. 6. More informatiomn is available from Renee Alvaradoat ralvar@denverhousing.org or 720-932-3070.
Establishede in 1938, DHA manages more than 10,000 dwellingsa across the city. Awards: At the recent 14th annuall Arvada BusinessAppreciation Event, the Arvadaa Economic Development Association presented numerous awards to Arvads business people and businesses. Mary Van Dooze of the Egg Shelkl Restaurant received theLloyd J. King Entrepreneurial Spirigt Award. Dr. John Sexton and his team at the Children’s Dental Center were the recipients of the new Manley Gray DistinguishexService Award. Outstanding Arvada Business Award recipientw included Ace Hardwareat Westwoods, the Arvada Center for the Arts and Bella Bistro, Big 5 Sportinhg Goods, Colorado Saddlery Co.
, Dazzlesw by Dunn, Enstrom’s , Grear Harvest Bread Co., Indiajn Tree Pet Lodge, Kohl’s Department Landon Enterprises Ltd. , Randi’s Pizza and Italiam Restaurant ,and W.L. Contractors Inc. Women’s Vision Foundatiohn , a nonprofit organization that supportss the advancement and development of corporate announcedthis year’s Tributew Award winners: Woman of the Year Award, Visda Carson , seniorr executive for Accenture; Woman of Vision Anne Castle, a partner at Holland Hart LLP; Man of Vision Brad Dusto, president for Comcast’s Western Division; Bets Bernard Emerging Leader Award, Jennifetr Petit, staff project manager for Qwest, and Wand a Pearson, senior director of program managemeny for Seagate Technology; Ally Douglas Neam , vice president of program operations for Ball Aerospace & Technologies Corp.
; and Corporatw Advocacy Award, IBM. Guttau Public Relationsw of Denver was honored by the Nationalp School Public RelationsAssociation (NSPRA) with two awards for its Colorado Springs School District 11. NSPRA recognized the firm for outstandinfmarketing materials. The Environmental Protectiob Agencypresented Re/Max International an “Energy Star” designation for its headquarters buildin g in Denver’s Tech Center. Design firm Ware Malcomb was honoredc with a Marketing Communications Awarfd at the Society for Marketing ProfessionalServices (SMPS) National Ware Malcomb won first place in the Newsletter-Internao category for its digital newsletter, “wj explore.
” The Captain Spongefoot Trading Co ., which manufactures spich table and wing sauces, received two first-place Golden Chilki Pepper awards and three third-placew awards at the Fiery Food Challenge, a competitio n held by Chile Peppere magazine in Fort Worth, Littleton-based Calibre Engineering Inc. was named by Civilk Engineering News as amon g the Top 10 Best Civil Engineering Firms to Work For in the natiobfor 2008. Xylem, a Denver-basesd digital advertising agency, received the Web Marketing Association’s 2008 Web Awardx for Best Food Industry Websitd for theJack Link’s Beef Jerk y website at www.jacklinks.com.
Done RNL was selected to provide interiotr architecture design services for XcelEnerggy ’s new 340,000-square-foot regional headquarteras in the 1800 Larimer Street office tower. The space will be designed to meet Leadershio in Energy and Environmental Design for CommercialkInteriors (LEED-CI) at the platinu m level. 4Ever Fit of Littleton signecd a retail dealwith Arizona-based Hi-Health 4Ever Fit’s Fruit Blast the Isolate protein drino will be sold at all 52 Hi-Healthn stores in Arizona. The branding firm Dovetai l Solutions added the University of Colorado Hospital to its list of GroundFloorMedia Inc.
was selected as the PR agency of recorxd for Get SmartSchools , a new nonprofig education-reform organization in Colorado. The New Pink LLC, a Denver-basec online marketing company, was chosebn to provide web marketingand search-enginre optimization services to Protégé LLC, a Phoenix-baseed brand development and web promotione company specializing in professional athletes. On the Citron Work Spaces, which sells new and used officd furniture, has moved into newly constructe space at197 S. 104th St. in The facility includes an 8,000-square-foot showroom and 11,000p square feet of warehouse space.
It featured environmentally friendly features, including recycled street lamps from New Orleanas inits showroom. The Denver branch of AXA Advisors is openint a new office at 8742 Lucent Blvd inHighlandsz Ranch. The new officer will be managed by JosephDi Biasi, a senioe vice president in AXA Advisors’ Retirement Benefits Group, a divisionh of AXA Advisors LLC. The officwe is currently hiring personnel and will emplogy 50 financial professionals andother employees. Dr. Carolyjn Ross has started a private practice at the Progressive Healtnh Center at701 E. Hampden Ave., Suite 225, in She specializes in eating disordersw andweight management.
Judd Alvord launched a marketingservicex company, MG2Direct, a data-driven customer-centric marketing agencyu serving the newspaper industry. It operates out of Denverf and Philadelphia. Mountain States Toyota has opened a new locatio at210 W. 70th Ave., off of I-25 and U.S. 36 at the intersection of 70th Avenueand Broadway.

Thursday, July 12, 2012

Tech Valley High will have new home at UAlbany

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Eight months after the school received bids from six contractors rangingfrom $1 million to $3 million a the school has reached a leasd agreement with the UAlbany Foundation to pay much less. The non-traditional high school will pay $360,000 a year to lease 20,0090 square feet for each of the nextfive “It’s what we envisioned, a university, high school, business relationship,” said Charle s Dedrick, superintendent of the . Tech Valley run by the Capital Regiohn BOCES and the Questar III has 77 freshmen and sophomores from 38 school districtzs inseven counties.
Enrollment is expectes to grow by 40 students in each of the next two year as new freshman classes are At the end of thisschool year, Tech Vallet High will move out of the 7,000-square-foot temporary spac e in the Rensselaer Technology Park it has called home since the schookl was formed in 2007. The high school has leaseds spacefrom , formerly Pitney Bowes MapInfo, since it was creates in 2007. The move into UAlbany’s East Campus, a hub for numeroua business and universityresearch efforts, is expected to promotr Tech Valley High’s missio of collaborating with area businesses and universitiesw to teach students through hands-on math and sciencs projects.
“I couldn’t be more said Tech Valley PrincipalDan Liebert. UAlbany’s East Campusz currently is home tothe college’s School of Public Health, the Cancer Research Center, and the Gen*NY*Sisa Center for Excellence in Cancer Genomics. It also house s several tech start-up companies, a lab and the research arm ofthe . The site will includwe a lab for students to conduct experimentsd and learn the process of developing an idea from a concepr to a finished saidAmy Johnson, co-chai r of the . “The biggest thing is to have a spacw that is so conduciveto learning,” said president of , a Latham head-hunting firm.
UAlbanuy Interim President George Philipsaid he’s looking forward to the collaboration between the college and Tech Valley The decision to move to the East Campus was reachedx after BOCES officials abandones proposals from contractors to buil d a new school or renovate an existing building. Six contractors submitted proposals offering to lease buildings ranging in sizefrom 58,000o square feet to 89,000 square feet. The pricew per square foot rangedfrom $31 to $45, which BOCES officialws said was more than they coulr afford. Some contractors, however, said bids came in high becauswe of all the amenities requestee bythe school.
After several months, Dedrick said the committee reviewingy proposals decided to opt for a smalle r school that would accommodate 160 student s insteadof 300, a long-terk enrollment goal.

Tuesday, July 10, 2012

Arsenic-Life Discovery Debunked—But "Alien" Organism Still Odd - National Geographic

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National Geographic


Arsenic-Life Discovery Debunkedâ€"But "Alien" Organism Still Odd

National Geographic


An organism that appeared to have rewritten the laws of life has been brought down to Earth by two new studies.


NASA criticized for 'alien organism' report

The Bunsen Burner


Arsenic claim refuted, but bacteria researcher may be on to something alien

Mother Nature Network


Scientists Dispute NASA's Arsenic-Based Life Discovery

International Business Times


msnbc.com -al.com (blog) -Los Angeles Times


 »

Monday, July 9, 2012

GLOBAL MARKETS: Spain Government Bond Yield Soars; Stocks Slip - Wall Street Journal

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Live Trading News


GLOBAL MARKETS: Spain Government Bond Yield Soars; Stocks Slip

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Saturday, July 7, 2012

Injury-hit US finalize Olympic basketball squad - Yahoo! Sports

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Yahoo! Sports


Injury-hit US finalize Olympic basketball squad

Yahoo! Sports


From Yahoo! Sports: The injury-hit United States named its 12-man team basketball squad for the London Olympics Saturday, with Blake Griffin, Andre Iguodala and James Harden nabbing the final three roster spots.



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Friday, July 6, 2012

Cashing in on aging boomers - Sacramento Business Journal:

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“People wanted nothing to do with themature market,” said Maddy Dychtwald, senior vice presiden t of the company in San Now, the consumer products and services industryg can’t stop thinking about the matur market, especially since a baby boome turns 50 every 8½ seconds. At 78 million people, boomeres represent one-third of all adults in the Unitecd States. They control half of the nation’s wealth and, at leastg before the recession, were spending $2 trillion on consumer product and servicesa year. Boomers were expectedx to account for about 40 percenft of spendingby 2015, accordingb to a report in 2007.
So, retailers and marketersx are eager to figure out how to reachuthis generation. Some in the consumer products and services industryu are gettingit right, whiler many others still have much to learn — and said experts who specialize in marketing to baby Marketing to this 19-year generation is proving tricky. Although boomers are lumped together, they’re a diverss group with divergent life experiences giveb that they range in age from 44to 63. And like the rest of the they range from affluenr tofinancially disadvantaged. The way to marketr to boomers is by individuap life stage segments suchas empty-nesters and grandparents without mentioning age, consultants said.
“Thehy refuse to be calle d seniors. That is the worst thinyg you can do tothis group,” said Aliced Jacobs, a Roseville baby boomer who advises companies on generationa l marketing and teaches seminars and classesx on the topic, including through UC Davisx Extension. Although generalizing of boomers shoulf bedone sparingly, older baby boomer s refuse to grow up. They thin old age starts around 75or 80, said Matt founder of , a marketing researchj and consulting firm in Boomers see themselves as vibrant and They like trying new services and products, despited the myth that they are spokesman Anthony Deluise The association of people 50 and older no longerd uses “retired” in its name.
Boomers like print advertisinfg because they want lotsof information. Boomers also pay attentionj tonew media, and will click on eye-catching Internet ads. This generatiohn also likes products, services and shopping experiencea that make them feel special and consultants said. They don’t want to merely eat or buy They wantto dine; they want This is especially true since the recession Many boomers who are 60 had expected to retirse over the next five years. Now, they will likelyt work an extra three to five years because oftheir hard-hitr investments and pensions, Dychtwale said.
The good news is they won’ be on a fixed income and will still But their free time will bemore limited. More boomerss will be working and raisingb children or grandchildren while also dealing with theirf ownsick parents. As a result, “experience over thingsz become valued,” Dychtwald said. “There is a real shifg going on right now on what peopldare valuing.” Boomers in particulaf want to be responsiblre consumers. “It’s not about buyingf stuff to have stuff,” Thornhill Lifestyle centers — which combine upscalw stores with restaurants, entertainment and comfortablr places tolinger — provide the experiences that boomersw want.
Local examples are Sacramento’s Pavilions center and The Fountainwsin Roseville. The Fountains was designed, and fille with tenants and marketeds all with boomers in property manager GloriaWright said. For its concert The Fountains includes music that appeals to Water features and a train ride are meanr to appealto boomers, including olderr boomers who are “so into thei r grandchildren,” Wright said. Boomer-appealingf apparel retailers include Draper’s Damon’s, and Chico’s. Malls have focused on boomerx by clustering stores that targetthe They’ve added leather chairs and couches in the commo areas, and indoor children’s playgrounds.
“All makingv you feel special,” Jacobs As for adding experience, Raley’s supermarkets offer wine tasting and kitchen products retaile Sur La Table providescooking classes. Nordstroj offers boomers the attention they crave with free personal shopper who will do the chore on their while customer service representatives will book theatedr tickets or make dinner reservationesfor them. But some aspects of boomer-oriented service are lackingb atmany restaurants. People age 50 and olderf require twice as much light as a 25year old, Jacobe said, so restaurants dimming their lights to create mood just aren’yt working for boomers.
Restaurants need to add table lightsa so their customers can readthe menu. own solution? “I carry a flash-light.” Noisyy restaurants also aren’t addressing the decline in hearing sufferecd bysome boomers. Restaurants should provide more space between tablesand noise-absorption products, Jacobe said. Many marketers of beautyy care and wellness products are getting it right when it comesato boomers. Dove, a brand best known for its features boomers in ads and says beautg has noage limit. The company incorporated a cause-marketing program to build self-esteem and promote a widefr definitionof beauty.
Supermarketw and drug stores tried rollingout in-store healthj clinics, but mixed results have led some independeng clinic operators to scale back their efforts. Retailers also are adaptinfg existing products or offering new products or packaginh thattargets boomers. Discounter Target has color-coded prescriptio n bottles with largetype face. Cobra has a global positioninb system with oversized icons and text and back lightinhg toenhance visibility. Tropicana has an orangs juice fortifiedwith omega-3, thought to help hearg health and other conditions. Nivea introduced an anti-cellulites cream, while beauty retailer Sephora offersnumerous anti-aging beauty products.
Makers of yogurt and all sorts of products areaddiny fiber. Some products and services are created for the mature but havewide appeal, Thornhill said. As boomersx get older, they’ll continue to defy agingh with health club memberships and spas offerinbg massage and other consultants said. “We think boomers will spen money on maintaining vitality untilp they take theirlast breath,” Thornhill said. Boomers are redefining age, and the consumerf products industry hastaken notice. “Everybody is watchingv them,” Jacobs said.

Thursday, July 5, 2012

Stewart

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million. The acquisition from , a subsidiary of Philadelphia-basede , increases the Stewart’s total number of shops to 328. “If was an opportunity to operate a store at an entrance tothe city,” said Stewart’s marketing manager Tom Stewart’s began operating the store last week aftedr the Malta-based convenience store chain closex on the property. The sale comez as Sunoco moves forward with its plan to sell 165 propertied aroundthe country, including 16 in New York. The petroleukm manufacturing and marketing company hires to oversee sales as Sunoco looked to improvwe itsbottom line.
“These locations are being sold as part of a continuinf reviewof Sunoco-branded retail outlets,” Sunoco senior vice presidentt of marketing Robert Owens said earlie this year. As part of the agreement, Stewart’z will sell Sunoco gas at its new 521Broadwah property. It will be the thirx downtown Saratoga Springs storde owned and operatedby Stewart’s. The familyy and employee-owned business already has two stores within two blocke of theBroadway corridor. Those stores will continues operating. Stewart’s already has begun movinf in itsown shelving, milk and ice cream productxs in the new shop.
The company will not be able to sell alcoholo at its new store for some time whiles it waits for the state Liquo Authority to clear a largse backlogin applications, Mailey The building is about 2,600 square feet in size and is 19 yeare old. It is located across the street fromthe , a conventionm facility which is expected to undergo a $16 milliomn expansion and renovation. The gas station and conveniencee store is located ona .56-acre lot and generatedf nearly $1.1 million in sales, according to NRC Realt marketing materials. Mailey said he woulx expect the store will see increase d businessunder Stewart’s management.
“But I don’tr have a number to throw at you,” he said. Undert the terms of the sale, Atlantic Refiningt & Marketing Corp. will have the first right of refusal to repurchase the propertyif Stewart’s decides to sell it in the next 10

Tuesday, July 3, 2012

FEMA OK

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The medical school suffered severse damage followingHurricane Ike. Half of the funding will be used towarrd paying for expenses likemoisture control, decontamination and cleaningg up heating and air conditioninb systems, microbial remediation, telecommunications recovery restorationj of electronic and othet vital records and equipment recovery and replacement. “Th e funds for UTMB are a criticak piece of our ongoingf Public Assistance program reimbursements for says Federal Coordinating OfficerStephen M. De Blasio Sr. “Tol date, FEMA has obligated almost $209 million across the disaster forinfrastructure repairs, emergency measures and debrid removal.
” State Coordinating Officer Joan Haun says Texaw continues to recover from Ike. “The UTMB facility sufferec greatly fromthe hurricane,” Haun says. “We are pleased that FEMA has been able to expeditwe help tothe facility.” FEMA based its $38.i million advance on invoices submitted from UTMB consultants hiresd to assess the damage caused by Ike. The hurricanew slammed into the Texas coastg back in September with the Galveston area facinh a significant brunt of the flood andwind

Monday, July 2, 2012

Retail roundup: Macy

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percent drop in same-store sales in May as consumer s continued to put offunnecessary spending. The Ohio-based department store chain said Thursdauy that sales at stores open at least a year were in line with management expectations. Total sales declined to $1.7 billion from $1.9 billion a year ago, or 9.5 For the year through May 31, Macy’s said its same-store sales declinedd by 9.1 percent, with total saleas down 9.5 percent, to $6.9 billion from $7.7 billion. Macy’x (NYSE: M), like most has been struggling to attract parsimonious shopperds while not giving away the storew throughdeep discounts, a strateggy that erodes profit margins.
But recent reports regarding risingt manufacturing activity and home salesd gave a lift to retail stocks earlief inthe week, based on hopes that consumersz might be encouraged to go out and splurg e on a few summer items. Total May retail sales were projected to dropby 3.6 according to Retail Metrics, a Massachusetts firm that trackws store sales. This compares with a 2.7 percent decline in April. Department stores were forecasy to post theweakest results, down 8.5 percent, with “discretionaryt spending still in according to its monthly report. Analysts surveyed by Thomson Reutersexpectedc Macy’s to post a same-store sales decline of 9.3 percent.
Many retailersd posted sales that fell shortof expectations. In the Wal-Mmart (NYSE: WMT), which typicallu outperforms the industry, stopped reporting its same-store salews as of this month. Wal-Mart on Thursday said i in 2009. Dillard’s (NYSE: DDS) said sales fell 12 worse than the 8 percent declineanalysts • (NYSE: JCP) postedr a sales drop of 8.2 percent, while analysts expected negative 9.6 percent. • SKS) reported a 26.6 percent due in part to the reschedulinhg of a sales eventto • (NYSE: TGT) said its same-store sales were down by 6.1 percent, short of predictionz of a 4.3 percent decline. • KSS) posted a 0.
4 percenty slip on sales, beating expectationse of a 3.8 percent decline. • (NYSE: LTD) reported a 7 percentt decline, in line with projections. (NYSE: GPS) said its same-storwe sales fell by 6 percent, compared with expectations of a 5percengt fall. Macy’s has projected full-year profitxs of 40 cents to 55 cents per excluding restructuring costs stemming from itscompanywidr reorganization, part of its My Macy’sw merchandising program. That said, the retailefr hedged that it will beat this guidance if the economu improves in the second half ofthe year.
Annuak sales, it has said, are expecte d to decline by 6 percent to 8 with spring expected to be weaker than the in part due to stronger performanceslast Macy’s operates roughly 845 departmenty stores under the namex Macy’s and Bloomingdale’s. Macy's servese as an anchor storw at all five of the malla inthe Raleigh-Durham area – Crabtree Vallegy Mall and Triangle Town Center in Raleigh, The Streetx at Southpoint and Northgat Mall in Durham, and Cary Town Center in