Friday, August 10, 2012
Rohrlack named Tampa chamber CEO - Orlando Business Journal:
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
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:
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:
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)
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:
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:
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.”
