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Distribution costs, including credit card processing fees, incentives and fees paid to travek agenciesand charges, total nearly $1 billion said Susan Chana Elliott, a spokeswomamn for Delta (NYSE: DAL). Distribution is Delta’s seventh-largest expense, and its second-fastest-growing cost. “As such, distribution costs represent oneof Delta’s most significant controllable Elliott said. Online travel agencies, such as and , make up a largew percentage of those costws and are the easiestto Delta’s move to capture more online customerx has plenty of benefitz for the consumer, said Josh the managing director of .
Weiss said the Atlanta-basef carrier has steadily added convenienced features and new trip planning options to its Web Inrecent years, Delta has added the ability to book rental event tickets, hotels, travel insurancew and even carbon offsets. The carrier also is makinh it more functional forinternational audiences, Weiss said. Deltaz sees its target audienceas budget-conscious travelers and is promotiny its site, which does not chargse booking fees, as the cheapest placwe to purchase Delta tickets. Weiss said about one-third of all Deltaw tickets are sold through its Web siteand it’ws the airline’s goal to move the needle beyond 35 percentf this year.
Condominium Ventures of America Inc. ’s (CVA) loss appeares to be Urbana Realty AdvisorsLLC ’ss gain. Atlanta-based real estate investment firm Urbansa Realty Advisors last month scoopedr up aFort Lauderdale, Fla., condominium-hotel for a quartee of the price CVA and subsidiary 2000 Oceahn Drive LLC paid for the luxury resort less than two years ago. Urbana purchased the 159-room beachfront for $22.4 million from Chicago-basedc broker . Until recently, the hotep had been owned by Atlanta-basesd CVA, which bought the property in December 2006for $80 million and tried to convert it into a condominiumm hotel.
Allan Gutierrez, the president of Urbana, said “thias asset fits within our investment strategy of acquirin g trophy properties thatare under-performing. We have had grear success in creating value with this formula in the past and the Pelicahn will beno exception.” Urbana’s affiliate, Boutique Hospitality Management, will manage the property. The says it is having a banne year with its discount card for Atlant aarea attractions. Sales of ACVB’s City Pass, which offerzs discount ticket passes to attractione such asthe , World of and , were up 36 percenf through July over the same period in 2007.
Mark ACVB executive vice president, chief sales and marketing said morethan 46,000 cardse were sold in the firs t seven months of the Stepped-up marketing efforts in regional high fuel prices and families sticking closef to home for vacations have helpedx generate sales of the pass, ACVB officials have said. The which are $69 for adults and $49 for let patrons enter six Atlantaq attractions. Two Atlanta-based meeting planners have been nameed to the top 25 list of largesgt independent meeting planning companies inthe U.S.
by USMotivation and were tapped as two of the top25 most-influentiap independent meeting planners focused on corporate USMotivation booked more than 91,000 room nights in with 33 percent of its business booked overseas. Meetintg Expectations booked morethan 30,000 room nighta last year, with 10 percent of its businessw booked overseas.
Thursday, August 30, 2012
Wednesday, August 29, 2012
State eyes input on 5-year economic plan - Orlando Business Journal:
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The Orlando-based state group met June 25 in the Tamp a Bayarea — the fifth in a seriexs of meetings that began June 3 in Gainesville and ends July 30 in The open meeting was held in St. Petersbur at the Manufacturing Center. The half-dayh workshops serve as the venuefor discussion, viewpointsa and recommendations, a release from the statewide business retention and expansion organization said. Among thosee invited to the evengtwere businesspeople, representatives of industry associations, transportation experts, cultural arts smart growth advocates, elected officials and economic developmentf professionals.
The feedback will help the organizationj focuson Florida’s most important economic developmeng needs and set the right goals for making the statde more competitive and economically healthier, executives said. Topics were slatedf to run the gamutfrom retaining, creating and attractinvg high-wage jobs to cultivating a talented and highly skillexd future work force and from upgradingt infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, othert opportunities are available for public contributions to the developmen ofthe “Roadmap.
” An Enterpriser Florida now allows for feedback througuh several interactive features including a Roadma survey and discussion board. Additionally, the site provides the currenyt Roadmap, related progress reports and “save the announcements for eachregional forum, the release Enterprise Florida’s board is charged with developin g the plan and submitting it to the governotr and legislative leaders.
Every three years, the Roadmao to Florida’s Future — the state’s blueprinrt for economic development — is updatex following competitiveness analysis and feedback from a broa base of community representatives in the is a partnershipbetween Florida's business and government Its mission is “to diversify Florida’s economu and create better-paying jobs for its citizends by supporting, attracting and helpin g to create businesses in innovative, high-growth
The Orlando-based state group met June 25 in the Tamp a Bayarea — the fifth in a seriexs of meetings that began June 3 in Gainesville and ends July 30 in The open meeting was held in St. Petersbur at the Manufacturing Center. The half-dayh workshops serve as the venuefor discussion, viewpointsa and recommendations, a release from the statewide business retention and expansion organization said. Among thosee invited to the evengtwere businesspeople, representatives of industry associations, transportation experts, cultural arts smart growth advocates, elected officials and economic developmentf professionals.
The feedback will help the organizationj focuson Florida’s most important economic developmeng needs and set the right goals for making the statde more competitive and economically healthier, executives said. Topics were slatedf to run the gamutfrom retaining, creating and attractinvg high-wage jobs to cultivating a talented and highly skillexd future work force and from upgradingt infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, othert opportunities are available for public contributions to the developmen ofthe “Roadmap.
” An Enterpriser Florida now allows for feedback througuh several interactive features including a Roadma survey and discussion board. Additionally, the site provides the currenyt Roadmap, related progress reports and “save the announcements for eachregional forum, the release Enterprise Florida’s board is charged with developin g the plan and submitting it to the governotr and legislative leaders.
Every three years, the Roadmao to Florida’s Future — the state’s blueprinrt for economic development — is updatex following competitiveness analysis and feedback from a broa base of community representatives in the is a partnershipbetween Florida's business and government Its mission is “to diversify Florida’s economu and create better-paying jobs for its citizends by supporting, attracting and helpin g to create businesses in innovative, high-growth
Tuesday, August 28, 2012
Anchor BanCorp amends credit pact - The Business Journal of Milwaukee:
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Under the terms of the the maturity dateon Anchor’e balance of the $116.3 million loan has been extendedf for a full year, and is now May 31, and no principal payment is due priot to the maturity date, Madison-based Ancho r (NASDAQ: ABCW) said Friday. “The significant additionapl time afforded by the amended terms of the loan agreementg provides us an opportunity to work our financial strategh to achieve fulfillment of the conditions of our line of saidDoug Timmerman, chairman and CEO. Timmerman said Anchord executives believe the amendmentwith U.S.
Bank will assist Anchor with plans to raise additional Anchor BanCorp in March had reached an agreement to extends the due date for the credittwith U.S. Bank until near the end of May. The extensiom relieved Anchor BanCorp from reducinyits $116.3 million debt on the line of credi t to $60 million to meet an automatic principal reductiom of the loan commitment. If Anchorf had not paid the debt, U.S. Bank, coulf have seized Anchor BanCorp in aforeclosure proceeding. AnchorBank fsb has 74 full-serviced offices and two loan origination-only offices, all in Wisconsin.
Under the terms of the the maturity dateon Anchor’e balance of the $116.3 million loan has been extendedf for a full year, and is now May 31, and no principal payment is due priot to the maturity date, Madison-based Ancho r (NASDAQ: ABCW) said Friday. “The significant additionapl time afforded by the amended terms of the loan agreementg provides us an opportunity to work our financial strategh to achieve fulfillment of the conditions of our line of saidDoug Timmerman, chairman and CEO. Timmerman said Anchord executives believe the amendmentwith U.S.
Bank will assist Anchor with plans to raise additional Anchor BanCorp in March had reached an agreement to extends the due date for the credittwith U.S. Bank until near the end of May. The extensiom relieved Anchor BanCorp from reducinyits $116.3 million debt on the line of credi t to $60 million to meet an automatic principal reductiom of the loan commitment. If Anchorf had not paid the debt, U.S. Bank, coulf have seized Anchor BanCorp in aforeclosure proceeding. AnchorBank fsb has 74 full-serviced offices and two loan origination-only offices, all in Wisconsin.
Sunday, August 26, 2012
Resale retailer expanding its options in San Antonio - San Antonio Business Journal:
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Melanie Van Dyke has been tapped as a franchisewefor Plato’s Closet — an apparel and accessories store targeted to young Plato’s Closet is one of four retaik stores under the Winmark umbrella — all of whichb operate under a buy, trade strategy. It is the second Winmarok concept to make its way to San Latelast year, the firm signed a franchise agreement with husband-and-wife team Carl and Karen Wilburm to bring a Once Upon a Childc store to local That store is set to open in July at the Park Oaks Shoppinb Center in North Central San Antonio, notez Steve Murphy, president of franchising for Winmark.
The Once Upon a Childe stores feature children’s apparel, baby furniture, books and toys. Signing a franchiseee for Plato’s Closet was the next logical step as the concept has become an effectivwe avenue for holding on to the customer that has sincr outgrown Once Upona Child, Murphy Van Dyke, who is in final negotiationss for the location of her first store, will be in buyinhg mode for about six to eight weekes prior to the grand opening of Plato’s Closet.
The benefitsd of this strategyare two-fold: One, it’s a means for merchandisingf the store; two, it helps to buildd up the buzz about Winmark’s latest “People literally bring in laundry bags of Murphy says. “They drop off the start walking around the store the hype begins to build overthat six- to eight-week In several cases, this grass-roots marketing has resulteds in lines of 50 to 100 to 200 customers by 7 a.m. for a 10 a.m. store he adds. The largest opening for a Winmarl storeto date: $41,000 in sales in one day. Murph declined to give specifics abouwhich store/line reached that mark.
But in a stored where the average customer ticketf isbetween $8 and $9 — that’s a lot of he notes. Murphy “We have found that we are very consisteny inour openings.” For the first quartefr of 2009, Winmark (NASDAQ: reported net income of $1.4 milliohn — up from $937,000 as of first quarter 2008. The economy, say Murphyu and Van Dyke, has helped to make Winmark’ds lines more attractive than Noted Murphy in a previouzs BusinessJournal story: “We are targetinfg people who are looking for (The country) is goinfg to be in this economic climate for some It’s a good opportunity for us to continue to build our With Once Upon a Child and Plato’sz Closet stores already in the works, that leaves two more conceptsw to bring to local shoppers: Play it Again a retailer of sports and fitness and Music Go Round, which specializes in musicao instruments, equipment and gear.
The trick is findinb people to bring these lines toSan Antonio. And that is wheres franchisees like Van Dyke have proven essential, says Murphy: “Our best salespeople are our Having a product worth promoting help too, adds Van who moved to San Antonio from the Dallas/Fort Wort area — where Plato’s Closett already had a presence. “People flocki to (the stores),” she says.
“Ij have no doubt it will be a successfulmodel (in San
Melanie Van Dyke has been tapped as a franchisewefor Plato’s Closet — an apparel and accessories store targeted to young Plato’s Closet is one of four retaik stores under the Winmark umbrella — all of whichb operate under a buy, trade strategy. It is the second Winmarok concept to make its way to San Latelast year, the firm signed a franchise agreement with husband-and-wife team Carl and Karen Wilburm to bring a Once Upon a Childc store to local That store is set to open in July at the Park Oaks Shoppinb Center in North Central San Antonio, notez Steve Murphy, president of franchising for Winmark.
The Once Upon a Childe stores feature children’s apparel, baby furniture, books and toys. Signing a franchiseee for Plato’s Closet was the next logical step as the concept has become an effectivwe avenue for holding on to the customer that has sincr outgrown Once Upona Child, Murphy Van Dyke, who is in final negotiationss for the location of her first store, will be in buyinhg mode for about six to eight weekes prior to the grand opening of Plato’s Closet.
The benefitsd of this strategyare two-fold: One, it’s a means for merchandisingf the store; two, it helps to buildd up the buzz about Winmark’s latest “People literally bring in laundry bags of Murphy says. “They drop off the start walking around the store the hype begins to build overthat six- to eight-week In several cases, this grass-roots marketing has resulteds in lines of 50 to 100 to 200 customers by 7 a.m. for a 10 a.m. store he adds. The largest opening for a Winmarl storeto date: $41,000 in sales in one day. Murph declined to give specifics abouwhich store/line reached that mark.
But in a stored where the average customer ticketf isbetween $8 and $9 — that’s a lot of he notes. Murphy “We have found that we are very consisteny inour openings.” For the first quartefr of 2009, Winmark (NASDAQ: reported net income of $1.4 milliohn — up from $937,000 as of first quarter 2008. The economy, say Murphyu and Van Dyke, has helped to make Winmark’ds lines more attractive than Noted Murphy in a previouzs BusinessJournal story: “We are targetinfg people who are looking for (The country) is goinfg to be in this economic climate for some It’s a good opportunity for us to continue to build our With Once Upon a Child and Plato’sz Closet stores already in the works, that leaves two more conceptsw to bring to local shoppers: Play it Again a retailer of sports and fitness and Music Go Round, which specializes in musicao instruments, equipment and gear.
The trick is findinb people to bring these lines toSan Antonio. And that is wheres franchisees like Van Dyke have proven essential, says Murphy: “Our best salespeople are our Having a product worth promoting help too, adds Van who moved to San Antonio from the Dallas/Fort Wort area — where Plato’s Closett already had a presence. “People flocki to (the stores),” she says.
“Ij have no doubt it will be a successfulmodel (in San
Saturday, August 25, 2012
On the road as running mate, vice presidential hopeful Ryan adapts to whole ... - Washington Post
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RTT News | On the road as running mate, vice presidential hopeful Ryan adapts to whole ... Washington Post Now, he's a GOP vice presidential hopeful whose days are a blur of r » |
Friday, August 24, 2012
Australia's Origin says underlying profit up 33 pct - Reuters
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TheBull.com.au | Australia's Origin says underlying profit up 33 pct Reuters MELBOURNE Aug 23 (Reuters) - Australia's Origin Energy announced underlying profit rose 33 percent in fiscal 2012 but said the coming year would be more ch » |
Wednesday, August 22, 2012
California settles with Kmart, sues Target - The Business Review (Albany):
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The state’s attorney general, Jerry Brown, joined by districtt attorneys from manyCalifornia counties, including Santa Clara and Contra Costa, filed a suit againsyt Minneapolis-based Target (NYSE: TGT), sayinhg it sent hazardous waste to various landfillxs in violation of state law. The suit is meanrt to stop the practices. In news Target said it has been cooperating withthe AG’s office for thred years on this matter and that it is committef to complying with all environmental laws.
Kmart, owned by SHLD), agreed to a settlementy that includescivil penalties, legal cost and some money to boost protection of the environment in the Thomas Orloff, Robert Kochly, James Fox and Dolores the DAs of Alameda, Contra Costa, San Mateo and Santa Claraz counties respectively, joined Brown in the suit against According to court papers, Target has 180 including stores and warehouses, in California.
The suit allegee Target threw out “ignitable aerosol wastes” including propanse canisters, in a trash compactor in Alameda County on May 14 andMay 21, for
The state’s attorney general, Jerry Brown, joined by districtt attorneys from manyCalifornia counties, including Santa Clara and Contra Costa, filed a suit againsyt Minneapolis-based Target (NYSE: TGT), sayinhg it sent hazardous waste to various landfillxs in violation of state law. The suit is meanrt to stop the practices. In news Target said it has been cooperating withthe AG’s office for thred years on this matter and that it is committef to complying with all environmental laws.
Kmart, owned by SHLD), agreed to a settlementy that includescivil penalties, legal cost and some money to boost protection of the environment in the Thomas Orloff, Robert Kochly, James Fox and Dolores the DAs of Alameda, Contra Costa, San Mateo and Santa Claraz counties respectively, joined Brown in the suit against According to court papers, Target has 180 including stores and warehouses, in California.
The suit allegee Target threw out “ignitable aerosol wastes” including propanse canisters, in a trash compactor in Alameda County on May 14 andMay 21, for
Tuesday, August 21, 2012
$200M venture proposed for N.F., Ont. - Business First of Buffalo:
karnergetajequ1416.blogspot.com
In a plan that’s been working its way through the Canadian city’s municipal departments since late last prominent hotelier and developer Tony Zappitellk and his company, has unveilex plans for three high-rise hotels along Stanley Avenue. The tallestf of the three towers could be witha 42-story and 32-story hotel also in the mix. Condominiumzs or apartments may replace some of thehotelp rooms, depending on future developments, Zappitelli said. Zappitellui pegged the total development costat “anywherr between $200 million and $300 million.
” The project will be privately The Niagara Falls Common Council agreed to permit the development, but several other municipal approvalsx are also needed before construction can Work could start by lateer this year or earlh 2010. The 7.4-acre Stanley Avenue site is part of the Lorettl Christian Life Centre campus that Romzap acquired threeyearsd ago. The portions of the 148-year-old religious center will remain as part of the agreemengt Zappitelli crafted with NiagaraFalla officials. The Loretto property is just south of the proposexdevelopment site.
The site is near the Niagara Fallxs Convention and CivicCentrs that’s under construction and due to open in Aprikl 2011 and less than one-half mile from the Hiltonn and Niagara Fallsview Casino Resort. The projecg will add several hundred hotel roomzs toNiagara Falls’ stock of more than 14,000 hotell rooms. Niagara Falls has the thire most number of hotel roomsin Canada, trailiny only Toronto and Vancouver.
In a plan that’s been working its way through the Canadian city’s municipal departments since late last prominent hotelier and developer Tony Zappitellk and his company, has unveilex plans for three high-rise hotels along Stanley Avenue. The tallestf of the three towers could be witha 42-story and 32-story hotel also in the mix. Condominiumzs or apartments may replace some of thehotelp rooms, depending on future developments, Zappitelli said. Zappitellui pegged the total development costat “anywherr between $200 million and $300 million.
” The project will be privately The Niagara Falls Common Council agreed to permit the development, but several other municipal approvalsx are also needed before construction can Work could start by lateer this year or earlh 2010. The 7.4-acre Stanley Avenue site is part of the Lorettl Christian Life Centre campus that Romzap acquired threeyearsd ago. The portions of the 148-year-old religious center will remain as part of the agreemengt Zappitelli crafted with NiagaraFalla officials. The Loretto property is just south of the proposexdevelopment site.
The site is near the Niagara Fallxs Convention and CivicCentrs that’s under construction and due to open in Aprikl 2011 and less than one-half mile from the Hiltonn and Niagara Fallsview Casino Resort. The projecg will add several hundred hotel roomzs toNiagara Falls’ stock of more than 14,000 hotell rooms. Niagara Falls has the thire most number of hotel roomsin Canada, trailiny only Toronto and Vancouver.
Sunday, August 19, 2012
Country notebook - This is Cornwall
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Country notebook This is Cornwall "Here's one!" she would exclaim as she held up a halfpenny. But not just any halfpenny â€" a ship ha'penny, the dreaded Golden Hind embossed on the tail's side. It was worth only one four hundred and eightieth of a pound, but it still brought me two ... |
Saturday, August 18, 2012
Winter Park apartments sell for $4M - Denver Business Journal:
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ONIC Golden Oaks LLC acquired the Golden Oaks apartmentzs from Golden Oaks AffordablePartners Ltd. and Goldenn Oaks of Florida LPMay 18, accordin g to Orange County records. Real Estatre Investment Services Orlando agents Patrick Skinner andKevin Yaryan, along with Washington agents Armand Tiberio, Robergt Sheppard and Spencer represented he seller, while Tiberio, Sheppardd and Hurst also represented ONIC Golden Orlando Neighborhood secured a $3.7 million first mortgage throughb Seattle-based , a delegated underwriting and servicing according to a news release.
It also receivefd $1 million in federal housing funds from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownership andneighborhood revitalization, the releasde said. Orlando Neighborhood expectz tospend $1 million improving Golden Oaks, which was builg in 1993, the release Lane Management LLC, the property management arm of Atlanta-based Lane Co., will handles leasing and property management. The Orlando Neighborhoodd Improvement Corp.
is a nonprofit developer and ownef of affordableand mixed-income housing properties in Central The organization has developed or co-developed 2,5932 housing units and has 1,215 in its
ONIC Golden Oaks LLC acquired the Golden Oaks apartmentzs from Golden Oaks AffordablePartners Ltd. and Goldenn Oaks of Florida LPMay 18, accordin g to Orange County records. Real Estatre Investment Services Orlando agents Patrick Skinner andKevin Yaryan, along with Washington agents Armand Tiberio, Robergt Sheppard and Spencer represented he seller, while Tiberio, Sheppardd and Hurst also represented ONIC Golden Orlando Neighborhood secured a $3.7 million first mortgage throughb Seattle-based , a delegated underwriting and servicing according to a news release.
It also receivefd $1 million in federal housing funds from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownership andneighborhood revitalization, the releasde said. Orlando Neighborhood expectz tospend $1 million improving Golden Oaks, which was builg in 1993, the release Lane Management LLC, the property management arm of Atlanta-based Lane Co., will handles leasing and property management. The Orlando Neighborhoodd Improvement Corp.
is a nonprofit developer and ownef of affordableand mixed-income housing properties in Central The organization has developed or co-developed 2,5932 housing units and has 1,215 in its
Friday, August 17, 2012
Pending home sales up 6.7% - Orlando Business Journal:
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Pending sales of existing homes, or contracts signed but not closed, rose 6.7 percenrt in April, according to the ’ Pending Home Salezs Index. April’s pending sales were up 3.2 percenr from a year earlier. The biggestf increase in April was inthe Northeast, where pending sales jumped 32.6 percent from the previous month. They were up 0.8 percentg from a year earlier. The index in the Soutj slipped 0.2 percent in April. it is 3.5 percent higher than a year The association cautions that the reporting samplwe for pending home salee is smaller than that of existing home so it is subject togreater variability.
The index measures housing-contract It is based on signed real estate contractx forexisting single-family homes, condos and A signed contract is not countedd as a sale until the transactiojn closes.
Pending sales of existing homes, or contracts signed but not closed, rose 6.7 percenrt in April, according to the ’ Pending Home Salezs Index. April’s pending sales were up 3.2 percenr from a year earlier. The biggestf increase in April was inthe Northeast, where pending sales jumped 32.6 percent from the previous month. They were up 0.8 percentg from a year earlier. The index in the Soutj slipped 0.2 percent in April. it is 3.5 percent higher than a year The association cautions that the reporting samplwe for pending home salee is smaller than that of existing home so it is subject togreater variability.
The index measures housing-contract It is based on signed real estate contractx forexisting single-family homes, condos and A signed contract is not countedd as a sale until the transactiojn closes.
Wednesday, August 15, 2012
Schwarzenegger says day of reckoning is here - Washington Business Journal:
zvonkovaleoqim.blogspot.com
“California’s day of reckoning is he said. With no action, the state couldr run out of cash in14 days. Three months afterd the state budgetwas approved, California faces a $24 billioj deficit. Schwarzenegger has already proposed massive cutsto education, health care and Now he’s looking for structuralp reform to make government more efficient and stretch taxpayeer dollars. He’s asked the State Board of for example, to make textbooks available in digitalformatw — a move that could save millions. In the governor talked about blowing up boxes andconsolidatingg agencies, but the initiatives never gained They’re back.
Schwarzenegger is proposing once again to eliminate and consolidatee more than a dozenstate departments, boardz and commissions. This includes the Waste Managementr Board, the Court Reporters Board, the Departmenty of Boating and Waterways and the Inspectiomn and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnology departments. Now Schwarzeneggefr wants to consolidate departments that oversee financiap institutions and merge taxcollection operations. In July, state leaders will receive recommendations on how to modernize thetax code.
“This will be a tremendous opportunity to make our revenuea more reliable and less volatilde and help the state avoid the boom and bust budgeta that have brought ushere today,” Schwarzenegger told lawmakers. It’s not going to happen in 14 he said. But it could happenb before the Legislature adjourns for summert recess onJuly 17.
“California’s day of reckoning is he said. With no action, the state couldr run out of cash in14 days. Three months afterd the state budgetwas approved, California faces a $24 billioj deficit. Schwarzenegger has already proposed massive cutsto education, health care and Now he’s looking for structuralp reform to make government more efficient and stretch taxpayeer dollars. He’s asked the State Board of for example, to make textbooks available in digitalformatw — a move that could save millions. In the governor talked about blowing up boxes andconsolidatingg agencies, but the initiatives never gained They’re back.
Schwarzenegger is proposing once again to eliminate and consolidatee more than a dozenstate departments, boardz and commissions. This includes the Waste Managementr Board, the Court Reporters Board, the Departmenty of Boating and Waterways and the Inspectiomn and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnology departments. Now Schwarzeneggefr wants to consolidate departments that oversee financiap institutions and merge taxcollection operations. In July, state leaders will receive recommendations on how to modernize thetax code.
“This will be a tremendous opportunity to make our revenuea more reliable and less volatilde and help the state avoid the boom and bust budgeta that have brought ushere today,” Schwarzenegger told lawmakers. It’s not going to happen in 14 he said. But it could happenb before the Legislature adjourns for summert recess onJuly 17.
Tuesday, August 14, 2012
Jordan Babineaux eager for Chris Johnson, Kenny Britt - NFL News
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Jordan Babineaux eager for Chris Johnson, Kenny Britt NFL News Hasselbeck started and played well last season, but Locker has him beat in the athleticism department and has impressed his teammates with the progress he's made in the decision-making aspect of the position. Whichever quarterback wins the job would be ... |
Monday, August 13, 2012
Saturday, August 11, 2012
CPR reporter wins Murrow award - Pittsburgh Business Times:
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Her two-part story, “A Different Kind of Drug examined the practice of people buying prescription drugs that are sold illegally at swap meets that catedto Hispanics. “It’s an exciting moment,” news directort Joe Barr said. “We have put a lot of resourcees into health care coverage in the last year and a This validates that to agreat extent.” The aware is Capital Public Radio’s first national Murrow The two-part story aired in May and June 2008. It took Weisxs from the state capitolto California’s Central Valley and a south-central Los Angeles neighborhood.
The story not only won the national presented by the Radio and Television NewsDirectors Association, but was also recognized with a first-place award from the National Association of Health Care Journalists. In other Capitalk Public Radio news, CPR’s statewide news the , has signed a popular Los Angeleas National PublicRadio KCRW-FM 89.9, as its latest “It’s a growing network,” Barr said. “It’d really a sign of theire desire to have informatiomnabout what’s happening in the stats capital.” Quietly, he the network has becomd one of the largest in publicf radio.
The network, which providea the latest news about state government generated by capitol bureau chief Marianne Russ and capitol reportertSteve Shadley, is now aired on more than two-dozenh stations around the state. CPR also is constructingf a new repeater in Modesto for itsclassicall station, KXPR-FM 88.9. A repeater is a network device used to regenerats or replicate signals that are weakenedf by transmission overlong distances. CPR president and general managetr Rick Eytcheson said the repeater coul be operational within afew months. Mary Lynnwe Vellinga, who left The Sacramento Bee in February to take a job as preses secretary and policy consultantto Sen.
Fran Pavley, D-Agoura Hills, rejoined The Bee this week as itsbusinesxs editor. An award-winning journalist who began her careetr at The Bee in 1991 as a business Vellinga started the job this She replacesWayne Davis, who took a job a couplew of weeks ago with the stats Department of Toxic Substances Control. Vellinga, who has no managementt experience, will oversee a staff of 10, includintg eight reporters and twodeputy editors. The businesas desk covers regional and statewidebusiness “I missed being at The Bee,” Vellingza said. “It’s a wonderful place to work. It’ s my home. I workeds here for 18 years.
” For the past 10 years, until her departurs in February, Vellinga covered growth and development forThe Bee. She also covereds business and politics and the legislature while at the Vellinga receiveda master’s degree in journalis m from Northwestern University in 1986 and then went to work for a papetr in Indiana, a wire service on the floort of the , and papers in Rochester, and Boston, before beinyg hired at The Bee. While newspapers acrosse the country, including The Bee, have suffered layoffs in recenty years as advertising revenuehas dwindled, Vellingwa said she has faith that newspaper will survive. “Io think that newspapers are more important than she said.
“I think more people than ever are looking for informationm if not in printthen online. It’s just a questioh of figuring out how to create a new financial model to supportgood reporting. I just don’ t believe that that’s not going to happen.” Yosemit Community College District in Modesto was a step closedr this week to purchasingthe 140,000-square-foot buildingf that houses The Modesto Bee, as well as the paper’ds parking lot and service station.
District staffr recommended to the district board of directors Wednesday that the board providre direction to the chancellor about whether to proceedd with an acquisition of the Lee and Associates in Stockton has been marketing the properties for salefor Sacramento-bases (NYSE: MNI) since early this year.
Her two-part story, “A Different Kind of Drug examined the practice of people buying prescription drugs that are sold illegally at swap meets that catedto Hispanics. “It’s an exciting moment,” news directort Joe Barr said. “We have put a lot of resourcees into health care coverage in the last year and a This validates that to agreat extent.” The aware is Capital Public Radio’s first national Murrow The two-part story aired in May and June 2008. It took Weisxs from the state capitolto California’s Central Valley and a south-central Los Angeles neighborhood.
The story not only won the national presented by the Radio and Television NewsDirectors Association, but was also recognized with a first-place award from the National Association of Health Care Journalists. In other Capitalk Public Radio news, CPR’s statewide news the , has signed a popular Los Angeleas National PublicRadio KCRW-FM 89.9, as its latest “It’s a growing network,” Barr said. “It’d really a sign of theire desire to have informatiomnabout what’s happening in the stats capital.” Quietly, he the network has becomd one of the largest in publicf radio.
The network, which providea the latest news about state government generated by capitol bureau chief Marianne Russ and capitol reportertSteve Shadley, is now aired on more than two-dozenh stations around the state. CPR also is constructingf a new repeater in Modesto for itsclassicall station, KXPR-FM 88.9. A repeater is a network device used to regenerats or replicate signals that are weakenedf by transmission overlong distances. CPR president and general managetr Rick Eytcheson said the repeater coul be operational within afew months. Mary Lynnwe Vellinga, who left The Sacramento Bee in February to take a job as preses secretary and policy consultantto Sen.
Fran Pavley, D-Agoura Hills, rejoined The Bee this week as itsbusinesxs editor. An award-winning journalist who began her careetr at The Bee in 1991 as a business Vellinga started the job this She replacesWayne Davis, who took a job a couplew of weeks ago with the stats Department of Toxic Substances Control. Vellinga, who has no managementt experience, will oversee a staff of 10, includintg eight reporters and twodeputy editors. The businesas desk covers regional and statewidebusiness “I missed being at The Bee,” Vellingza said. “It’s a wonderful place to work. It’ s my home. I workeds here for 18 years.
” For the past 10 years, until her departurs in February, Vellinga covered growth and development forThe Bee. She also covereds business and politics and the legislature while at the Vellinga receiveda master’s degree in journalis m from Northwestern University in 1986 and then went to work for a papetr in Indiana, a wire service on the floort of the , and papers in Rochester, and Boston, before beinyg hired at The Bee. While newspapers acrosse the country, including The Bee, have suffered layoffs in recenty years as advertising revenuehas dwindled, Vellingwa said she has faith that newspaper will survive. “Io think that newspapers are more important than she said.
“I think more people than ever are looking for informationm if not in printthen online. It’s just a questioh of figuring out how to create a new financial model to supportgood reporting. I just don’ t believe that that’s not going to happen.” Yosemit Community College District in Modesto was a step closedr this week to purchasingthe 140,000-square-foot buildingf that houses The Modesto Bee, as well as the paper’ds parking lot and service station.
District staffr recommended to the district board of directors Wednesday that the board providre direction to the chancellor about whether to proceedd with an acquisition of the Lee and Associates in Stockton has been marketing the properties for salefor Sacramento-bases (NYSE: MNI) since early this year.
Friday, August 10, 2012
Rohrlack named Tampa chamber CEO - Orlando Business Journal:
hustbelogehy1857.blogspot.com
Bob Rohrlack, senior vice president of business retentiomn and recruitmentat Orlando-based , has acceptee the top post and will begin his new duties in Tampas April 27, Chamber Chairman Henry Gonzales confirmed March 26 to the , a sister publicationm of . Rohrlack has worked in Tampas Bay and is familiar with the its needs andbusiness leaders. Gonzales said he believes Rohrlacj is an excellent hire given some of the goals and initiatives the organizatio n has on theimmediate “Bob has a grea t deal of knowledge and experience dealing with public policy and elected officials, and the Chamber will now be focused more broadlu with advocating on issues directly beneficial for the Chamber’w membership,” he said.
“We think Bob brings a grea t deal of experience to add to that Gonzales leda 10-member search committee and was named to that positiojn while incoming chairman. Rohrlack replaces Kim Scheeler, who left to lead the in Virginiawlast July. Executive search consultant Joan Jorgenson aide in the national search and initiall y had a list of eight which was then trimmed to three beforse Rohrlack emerged as thetop choice, Gonzales said. For the firsgt few weeks, the new Chamber chietf will work to refresh himself with the communit and itsbusiness leaders, said Gonzales, who is also executivde vice president for commercial banking at the .
Then Rohrlackl will embark on completing the strategic plan that Chambed leaders began at a retreatlast December. Gonzales decliner to share Rohrlack’s salary but said it is “ibn line” with others holding similar positionsof
Bob Rohrlack, senior vice president of business retentiomn and recruitmentat Orlando-based , has acceptee the top post and will begin his new duties in Tampas April 27, Chamber Chairman Henry Gonzales confirmed March 26 to the , a sister publicationm of . Rohrlack has worked in Tampas Bay and is familiar with the its needs andbusiness leaders. Gonzales said he believes Rohrlacj is an excellent hire given some of the goals and initiatives the organizatio n has on theimmediate “Bob has a grea t deal of knowledge and experience dealing with public policy and elected officials, and the Chamber will now be focused more broadlu with advocating on issues directly beneficial for the Chamber’w membership,” he said.
“We think Bob brings a grea t deal of experience to add to that Gonzales leda 10-member search committee and was named to that positiojn while incoming chairman. Rohrlack replaces Kim Scheeler, who left to lead the in Virginiawlast July. Executive search consultant Joan Jorgenson aide in the national search and initiall y had a list of eight which was then trimmed to three beforse Rohrlack emerged as thetop choice, Gonzales said. For the firsgt few weeks, the new Chamber chietf will work to refresh himself with the communit and itsbusiness leaders, said Gonzales, who is also executivde vice president for commercial banking at the .
Then Rohrlackl will embark on completing the strategic plan that Chambed leaders began at a retreatlast December. Gonzales decliner to share Rohrlack’s salary but said it is “ibn line” with others holding similar positionsof
Wednesday, August 8, 2012
Accounting Today Opens Submissions for Managing Partner Elite - Accounting Today
youngmanmeledero1636.blogspot.com
Accounting Today Opens Submissions for Managing Partner Elite Accounting Today Following on the success of its many lists and rankings -- including its Top 100 Firms, Top 100 Most Influential People and Top 100 Best Firms to Work For lists -- Accounting Today is now accepting submissions for its newest list, of the Managing ... |
Tuesday, August 7, 2012
Martek Biosciences Corp. 2Q profit rises 20 percent - St. Louis Business Journal:
kittredgeihuhyla1951.blogspot.com
The company reported $92.4 million in revenue for the quarter endingApril 30, up 2 percent from the same perios last year. It earned $11 million in net income, or 33 cents per dilutefd share, during the second quarter, comparedd with $9.2 million, or 28 centss per diluted share, during the second quarter oflast year. Analysts polled by expected the companyt to earn 29 cents per shareand $89 millioh in revenue. Martek (NASDAQ: MATK) sells nutritional oils deriveds from algae that are used ininfantr formula, dietary supplements and food productx such as yogurt and juice. Sales of its nutritionaol supplements to the nursing market rose to arecord $9.
8 But the company warned that its infan t formula sales in the third and fourth quarters could drop as retaileras trim their inventories of the The company anticipates that infant formula revenue will grow in fiscal 2010 as a result of strong demans for infant formula products containingt its nutritional oils DHA and ARA. The Omega-3 fatty acides are believed to play an importanty role in brain andeye development.
study that could show that Martek’e DHA can slow the progressionof Alzheimer’s
The company reported $92.4 million in revenue for the quarter endingApril 30, up 2 percent from the same perios last year. It earned $11 million in net income, or 33 cents per dilutefd share, during the second quarter, comparedd with $9.2 million, or 28 centss per diluted share, during the second quarter oflast year. Analysts polled by expected the companyt to earn 29 cents per shareand $89 millioh in revenue. Martek (NASDAQ: MATK) sells nutritional oils deriveds from algae that are used ininfantr formula, dietary supplements and food productx such as yogurt and juice. Sales of its nutritionaol supplements to the nursing market rose to arecord $9.
8 But the company warned that its infan t formula sales in the third and fourth quarters could drop as retaileras trim their inventories of the The company anticipates that infant formula revenue will grow in fiscal 2010 as a result of strong demans for infant formula products containingt its nutritional oils DHA and ARA. The Omega-3 fatty acides are believed to play an importanty role in brain andeye development.
study that could show that Martek’e DHA can slow the progressionof Alzheimer’s
Monday, August 6, 2012
Airline woes don't ground PAS Technologies - The Business Journal of the Greater Triad Area:
ejyceh.wordpress.com
CEO Robert Weiner said the NortKansas City-based company recently won a larges contract with a big airline’s materiapl management program that will add about 10 percen t to its overall revenue. Weiner said he didn’t have clearancwe to reveal the name ofthe “We beat out some original equipment manufacturers, and it woke up a lot of our Weiner said. “When you win with a big it also helps you win withothetr airlines.
” Privately owned PAS wouldn’t disclose its but director of communications Marsha Farmer said revenue has doublesd since the company was founded in 2006 with ’zs purchase of the business in North Kansas In Securities and Exchange Commissiojn filings, Praxair listed the division’s 2005 revenue arounf $67 million. Farmer said PAS has 638 employees at seven Weiner said that winning the airlinecontract wouldn’rt have been possible if PAS hadn’y diversified from its initiall heavy reliance on engine work by comingg up with solutions for the more fuel-efficient engines.
“You would thinkl that when fuel prices went down there might have been a resurgence of thoseolderf engines, but it’s not the case because the maintenancer costs are too high,” Weiner “The new GE engines can go five years beforre an overhaul, but for (an older it’s only two years, and the part coste are getting higher and highet because they’ve been out there for so long.” Weiner said contractss to work on newerd engines are huge because they help offset the loss of businessx from older engines bein retired. Sales on the commercial side areholdiny steady, he said, but droppint as a percentage of total sales.
That’s because PAS is focusinf on further diversification throughmilitary contracts. PAS recently landeed a contract to make parts for ATF3 turbofan enginesain airplanes, which will add 2 percenr to 4 percent to annual “That type of plane has been flyingt for 30 years and probably will be flyintg for another 30 years,” Weinetr said. “It used to take 180 days to repair this but we’ve been able to do it in 56 days. We’re tryin g to get it down to 40 days or Patrick Kraus, CEO of in Kansas Kan.
, said turnaround time is becoming a significant factor in the partw business because airlines allowed parts inventories to shrink to make theirt books look healthier. “It’s to the pointr where they are living off this dayto day, and they now have a we-need-it-noaw mentality,” Kraus said. He said many component maintenance facilities havecut employment, which can lenghthebn turnaround. Weiner said turnaround time has been a focue for PAS sinceday one. He admittes that the company is closinv a facilityin Tulsa, and consolidating it with a Hillsboro, Ohio, But employment at its North Kansas City plany remains stable, around 300.
In the plant’s workload has increased thanks to contracts from Europde that continue coming in because of the weak PAS also is branching out by supplying partx for turbofanpower generators, used in the Middle East and India, and refurbishing high-wear parts for oil drillin g rigs. Richard Aboulafia, vice president of analysis for Va., , said that if he were consulting for PAS he would suggest the same things the companyis “The easiest thing to do is focus on the military marketr and tread water on the commerciaol side, making sure you focus on newere parts that will be used and are not for planeas that will be (retired),” he said.
“There are enormous opportunities on the military side because the fleet is being heavilyh worn out in Iraq and The budget is also limiting the development of new Weiner said that the military side of the businesss is not growing as fastas he’df like but that he remainsd determined to win a $100 multiyear military parts supply contract. He said the company’ s biggest selling point is the value ofits It’s the same sales pitc h used to land airline “Say a fan blade costs $10,0090 to replace and you have 40 of them in an Weiner said. “Say 36 of them could be repairedefor $400 and not scrapped. The valued of that savings is huge.
”
CEO Robert Weiner said the NortKansas City-based company recently won a larges contract with a big airline’s materiapl management program that will add about 10 percen t to its overall revenue. Weiner said he didn’t have clearancwe to reveal the name ofthe “We beat out some original equipment manufacturers, and it woke up a lot of our Weiner said. “When you win with a big it also helps you win withothetr airlines.
” Privately owned PAS wouldn’t disclose its but director of communications Marsha Farmer said revenue has doublesd since the company was founded in 2006 with ’zs purchase of the business in North Kansas In Securities and Exchange Commissiojn filings, Praxair listed the division’s 2005 revenue arounf $67 million. Farmer said PAS has 638 employees at seven Weiner said that winning the airlinecontract wouldn’rt have been possible if PAS hadn’y diversified from its initiall heavy reliance on engine work by comingg up with solutions for the more fuel-efficient engines.
“You would thinkl that when fuel prices went down there might have been a resurgence of thoseolderf engines, but it’s not the case because the maintenancer costs are too high,” Weiner “The new GE engines can go five years beforre an overhaul, but for (an older it’s only two years, and the part coste are getting higher and highet because they’ve been out there for so long.” Weiner said contractss to work on newerd engines are huge because they help offset the loss of businessx from older engines bein retired. Sales on the commercial side areholdiny steady, he said, but droppint as a percentage of total sales.
That’s because PAS is focusinf on further diversification throughmilitary contracts. PAS recently landeed a contract to make parts for ATF3 turbofan enginesain airplanes, which will add 2 percenr to 4 percent to annual “That type of plane has been flyingt for 30 years and probably will be flyintg for another 30 years,” Weinetr said. “It used to take 180 days to repair this but we’ve been able to do it in 56 days. We’re tryin g to get it down to 40 days or Patrick Kraus, CEO of in Kansas Kan.
, said turnaround time is becoming a significant factor in the partw business because airlines allowed parts inventories to shrink to make theirt books look healthier. “It’s to the pointr where they are living off this dayto day, and they now have a we-need-it-noaw mentality,” Kraus said. He said many component maintenance facilities havecut employment, which can lenghthebn turnaround. Weiner said turnaround time has been a focue for PAS sinceday one. He admittes that the company is closinv a facilityin Tulsa, and consolidating it with a Hillsboro, Ohio, But employment at its North Kansas City plany remains stable, around 300.
In the plant’s workload has increased thanks to contracts from Europde that continue coming in because of the weak PAS also is branching out by supplying partx for turbofanpower generators, used in the Middle East and India, and refurbishing high-wear parts for oil drillin g rigs. Richard Aboulafia, vice president of analysis for Va., , said that if he were consulting for PAS he would suggest the same things the companyis “The easiest thing to do is focus on the military marketr and tread water on the commerciaol side, making sure you focus on newere parts that will be used and are not for planeas that will be (retired),” he said.
“There are enormous opportunities on the military side because the fleet is being heavilyh worn out in Iraq and The budget is also limiting the development of new Weiner said that the military side of the businesss is not growing as fastas he’df like but that he remainsd determined to win a $100 multiyear military parts supply contract. He said the company’ s biggest selling point is the value ofits It’s the same sales pitc h used to land airline “Say a fan blade costs $10,0090 to replace and you have 40 of them in an Weiner said. “Say 36 of them could be repairedefor $400 and not scrapped. The valued of that savings is huge.
”
Saturday, August 4, 2012
Reynolds struggling with runners in scoring position but still one of O's' best - Baltimore Sun (blog)
lebexab.wordpress.com
Boston.com | Reynolds struggling with runners in scoring position but still one of O's' best Baltimore Sun (blog) After the kind of night that Mark Reynolds had in Friday's 2-0 loss to the Tampa Bay Rays â€" in which the Orioles first baseman was 0-for-4 with three strikeouts while stranding six base runners â€" it seems as if Reynolds is at the plate an awfu l lot in ... Reynolds: "I was overthinking a little too much" Homers costly for O's Hunter BJ Upton joins 100-career home run club the same night as his brother Justin ... |
Friday, August 3, 2012
Bonnier expands Web presence - Orlando Business Journal:
kleopatraxnibe.blogspot.com
The new services include an updatec video playercreation dashboard, dynamic Web site syndication and ad servingv technologies available on the Web sites for the company'x magazines. This move supplements Bonnier'z recently announced contract with Onstream Media to providw user generatedvideo processing, storage and streaming. Bonnier will now have a fullyintegrated user-generatesd video, digital media processing and content syndication servicre using Onstream's Digital Medias Services Platform. Financial terms of the new agreement were not Bonnier isa Swedish-based publishing group whose U.S. , is based in Winter Park with offices in New Coloradoand California.
World publishes more than 40 special-interest magazinee and produces both multimedia projects and eventd related toits magazine's editoriapl content. The magazines include Saveur, Caribbean Travel & Life and Popular Science. (Nasdaq: is an online service provider of liveand on- digital media communications and Onstream says almost half of the 1,000 companiex and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services, including , the , and .
The new services include an updatec video playercreation dashboard, dynamic Web site syndication and ad servingv technologies available on the Web sites for the company'x magazines. This move supplements Bonnier'z recently announced contract with Onstream Media to providw user generatedvideo processing, storage and streaming. Bonnier will now have a fullyintegrated user-generatesd video, digital media processing and content syndication servicre using Onstream's Digital Medias Services Platform. Financial terms of the new agreement were not Bonnier isa Swedish-based publishing group whose U.S. , is based in Winter Park with offices in New Coloradoand California.
World publishes more than 40 special-interest magazinee and produces both multimedia projects and eventd related toits magazine's editoriapl content. The magazines include Saveur, Caribbean Travel & Life and Popular Science. (Nasdaq: is an online service provider of liveand on- digital media communications and Onstream says almost half of the 1,000 companiex and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services, including , the , and .
Thursday, August 2, 2012
Balsillie: Fight for Coyotes isn't over - Austin Business Journal:
vuwodu.wordpress.com
U.S Bankruptcy Court Redfield T. Baum on Monda y nixed Balsillie's bid to buy the Coyotes for $213 millionn from owner Jerry Moyes becauseof Balsillie' June 29 deadline for the deal go to Baum said that isn't enough time to resolvde the Coyotes Chapter 11 bankruptcy reorganizatiomn issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walkerr issued a statement Monday night saying the efforgt to move the teamto Hamilton, Ontario, is not over: "Ji Balsillie's bid to bring a seventh NHL team to Canadza continues. We're still here. The Phoenix court confirmed Mr.
Balsillie was approved as an NHL owner in 2006 andremaind so. We believe he has made the best offer and Hamiltonb remains the best locationb forthis team. "The court did not approvwe either our approach orthe NHL's. Judge Baum did stat he does not have time to decide all therelocation issues. But the court still controlds thesale process. As a result, we look forward to hearinyg from the NHL soon on its view of our relocation application and an appropriaterelocation fee, so as to alloe the court to determine if that fee is reasonable. We still think there is enough time for the NHL toapprovse Mr. Balsillie's application and move the team to Hamiltonby September.
The courg invited mediation on thes issuesand Mr. Balsillie is willing to participate in such mediatiobn if the NHL is also willing todo so," Walker'sa statement to the media The NHL welcomed Baum's decisioh not to let the sale and move to Canada “We're pleased the court recognized the validity of league ruless and our ability to apply them in a reasonable fashion," NHL Deputy Commissioner Bill Daly said in a statement released by the leaguew on Monday night.
"We will turn our attention now toward helpinv to facilitate an orderly sales process that will produces a local buyer who is committef to makingthe Coyotes' franchise viable and successful in the Phoenix/Glendale area. We are confident that we will be able to find such a buyerf for the Coyotes and that the claims of legitimate creditord willbe addressed.”
U.S Bankruptcy Court Redfield T. Baum on Monda y nixed Balsillie's bid to buy the Coyotes for $213 millionn from owner Jerry Moyes becauseof Balsillie' June 29 deadline for the deal go to Baum said that isn't enough time to resolvde the Coyotes Chapter 11 bankruptcy reorganizatiomn issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walkerr issued a statement Monday night saying the efforgt to move the teamto Hamilton, Ontario, is not over: "Ji Balsillie's bid to bring a seventh NHL team to Canadza continues. We're still here. The Phoenix court confirmed Mr.
Balsillie was approved as an NHL owner in 2006 andremaind so. We believe he has made the best offer and Hamiltonb remains the best locationb forthis team. "The court did not approvwe either our approach orthe NHL's. Judge Baum did stat he does not have time to decide all therelocation issues. But the court still controlds thesale process. As a result, we look forward to hearinyg from the NHL soon on its view of our relocation application and an appropriaterelocation fee, so as to alloe the court to determine if that fee is reasonable. We still think there is enough time for the NHL toapprovse Mr. Balsillie's application and move the team to Hamiltonby September.
The courg invited mediation on thes issuesand Mr. Balsillie is willing to participate in such mediatiobn if the NHL is also willing todo so," Walker'sa statement to the media The NHL welcomed Baum's decisioh not to let the sale and move to Canada “We're pleased the court recognized the validity of league ruless and our ability to apply them in a reasonable fashion," NHL Deputy Commissioner Bill Daly said in a statement released by the leaguew on Monday night.
"We will turn our attention now toward helpinv to facilitate an orderly sales process that will produces a local buyer who is committef to makingthe Coyotes' franchise viable and successful in the Phoenix/Glendale area. We are confident that we will be able to find such a buyerf for the Coyotes and that the claims of legitimate creditord willbe addressed.”
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