pemp66seb.blogspot.com
There will be a single winner nationally foreach prize. Firs t prize is an iPod Classic loadedd with 50 songs from the Second prize isa 20-inchn disco ball. Third prize is DVDs of the movie "Animal House" and "Jaws II." Entry formsz and rules can be picked up at the Albuquerque at 11200Montgomery Blvd. NE in El Dorado "Tap into the era when bell bottoms and micr o minis were high fashion and when disco defined the saidBill Dial, owner of the Albuerque Greayt Harvest shop. "It was the era when the word becamea back-to-the-land badge of honor, and Great Harvest's wholew wheat breads started becoming the standard setter for full flavore and fit living.
" The first Greatf Harvest was opened in 1976 in Great Falls, Mont. Its headquarters remai in Montana.
Wednesday, November 30, 2011
Monday, November 28, 2011
Judge rules suppliers can keep Payless payments - Kansas City Business Journal:
fabyqyku.blogspot.com
million it received from PaylessCashways Inc. just before the company slippedinto bankruptcy. Judg e Arthur Federman ruled Friday that, as opposed to the normal assumptionds inbankruptcy law, Payless was not in obviouw danger of financial collapse in Marcj 2001, and so any payments made to creditors were Silverman Consulting Inc., whichy is acting as bankruptcy trustee for the now-defuncy home improvement retailer, had askedr the court to require the suppliers to return the mone y as it continues to liquidate Payless' assets and repay creditors. Payless filed for Chapter 11 reorganizationb onJune 4, and almost immediately went to liquidation.
Bankruptch law assumes that such companies were insolventr for 90 days before they filed for bankruptcy and that a trusteer can ask for any payments made during that time to be The idea is to ensure that all ofa company'sd creditors should have an equal chance of beingt repaid. The five suppliers Hitachi PowerTools Ltd., The Valspar Corp., The Scotts Co., Crane Plumbing and Osram Sylvania — challengecd that assumption, saying that the company's owners stilkl thought they could save the company and that lenders continued providing it moneh for operations.
Silverman, on the other hand, notef that Payless closed dozens of stores during that time and said lenderx had so restricted funding thatPayleszs couldn't refill its shelves with inventory. Federman sided with the saying the company was still operating 104 storez andproduced $68 millionb in sales during May 2001. "Only in hindsighg can Silvermansay that, in March, Paylesds was on the road to financial ruin and liquidation was inevitable," Federma wrote. Still, he acknowledged that the company was certainly doomexd as of May 13 and could beconsidereed insolvent.
Any payments after that he said should be Andrew Mendelson of SinclairHaynesz & Cowing PC, whichu represented Valspar, estimated the rulinhg preserved 80-90 percent of the payments. "It's unusual to challeng the insolvency assumptionand it's very unusual to successfullyh challenge it," Mendelson said. Kathryn Bussinbg of Blackwell Sanders Pepe rMartin LLP, who represents Silverman, said they were disappointed with the rulingv and are considering an
million it received from PaylessCashways Inc. just before the company slippedinto bankruptcy. Judg e Arthur Federman ruled Friday that, as opposed to the normal assumptionds inbankruptcy law, Payless was not in obviouw danger of financial collapse in Marcj 2001, and so any payments made to creditors were Silverman Consulting Inc., whichy is acting as bankruptcy trustee for the now-defuncy home improvement retailer, had askedr the court to require the suppliers to return the mone y as it continues to liquidate Payless' assets and repay creditors. Payless filed for Chapter 11 reorganizationb onJune 4, and almost immediately went to liquidation.
Bankruptch law assumes that such companies were insolventr for 90 days before they filed for bankruptcy and that a trusteer can ask for any payments made during that time to be The idea is to ensure that all ofa company'sd creditors should have an equal chance of beingt repaid. The five suppliers Hitachi PowerTools Ltd., The Valspar Corp., The Scotts Co., Crane Plumbing and Osram Sylvania — challengecd that assumption, saying that the company's owners stilkl thought they could save the company and that lenders continued providing it moneh for operations.
Silverman, on the other hand, notef that Payless closed dozens of stores during that time and said lenderx had so restricted funding thatPayleszs couldn't refill its shelves with inventory. Federman sided with the saying the company was still operating 104 storez andproduced $68 millionb in sales during May 2001. "Only in hindsighg can Silvermansay that, in March, Paylesds was on the road to financial ruin and liquidation was inevitable," Federma wrote. Still, he acknowledged that the company was certainly doomexd as of May 13 and could beconsidereed insolvent.
Any payments after that he said should be Andrew Mendelson of SinclairHaynesz & Cowing PC, whichu represented Valspar, estimated the rulinhg preserved 80-90 percent of the payments. "It's unusual to challeng the insolvency assumptionand it's very unusual to successfullyh challenge it," Mendelson said. Kathryn Bussinbg of Blackwell Sanders Pepe rMartin LLP, who represents Silverman, said they were disappointed with the rulingv and are considering an
Saturday, November 26, 2011
Forbes: Magic team value $349M - Orlando Business Journal:
aaekipolo.blogspot.com
According to Forbes’ annual studyy of the business of the teamranked No. 17 among the ’s 30 The are ranked the most valuables teamat $613 million and the are the leasgt valuable at $278 million, Forbes The Orlando Magic represented the fourthb highest value percentage change behind the , 21 percent; , 14 and Oklahoma City Thunder, 12 The Oklahoma City team played as the last seaso n before relocating to Oklahoma. In addition, the Magid reported an estimated $100 million in revenue for the 2007-2007 season, according to Forbes. The Magic had an impressivr 2007-2008 season with 52 wins and 30 losses and its firsgt playoff series win in12 years.
The Magic won theifr first round series againstthe 4-1, but fell in the conference semifinals to the .
According to Forbes’ annual studyy of the business of the teamranked No. 17 among the ’s 30 The are ranked the most valuables teamat $613 million and the are the leasgt valuable at $278 million, Forbes The Orlando Magic represented the fourthb highest value percentage change behind the , 21 percent; , 14 and Oklahoma City Thunder, 12 The Oklahoma City team played as the last seaso n before relocating to Oklahoma. In addition, the Magid reported an estimated $100 million in revenue for the 2007-2007 season, according to Forbes. The Magic had an impressivr 2007-2008 season with 52 wins and 30 losses and its firsgt playoff series win in12 years.
The Magic won theifr first round series againstthe 4-1, but fell in the conference semifinals to the .
Wednesday, November 23, 2011
Former APG business park developer Opus East to liquidate under Ch. 7 - Pittsburgh Business Times:
otomaqaqaba.blogspot.com
Unable to refinance millions of dollarsin debts, the company plans to liquidate its portfoliok of commercial properties throughout the region. It was unclea r how much Opus East expects to fetch forits properties. Parenrt company , of Minneapolis, made the announcemen t in a news release and said another ofits Phoenix, Ariz.-based Opus West, expects to seek Chapter 11 protectio n in July. In its bankruptcy filing, the companyt listed assets ofbetween $50 milliob and $100 million and liabilities of between $100 million and $500 “Declining real estate values and tight credi t markets continue to impede the refinancing of asset s and restructuring of lending agreements,” Mark Rauenhort, CEO of Opus said in a In addition to general market conditions, the company cited $35 millionh in unpaid wages from the federa l for a project it was developinbg in College Park for the , companyu spokes woman Winston Hewett said in a telephone The company had ceased buildiny speculative office buildings more than a year ago, and it trimmexd its workforce from about 100 employeees last year to about 16 employeez as of June 15.
The company did not include all of its subsidiariesa inthe filing. It excluded, for Maryland Enterprise LLC, which was developing the propertyfor NOAA, and Nurser Corner LLC, which built a 160,000-square-foot office building in Linthicum Heightsd for defense contractor Opus East has developec more than 13.3 million squared feet of space since 1994. Opus West has developed more than 52.7 millioj square feet since 1979. These bankruptcies come on the heelzs of the April 22 bankruptcy of OpusSouth Corp., an Opus affiliatre based in Atlanta. Opus has said it planw to wind down its operations in that part of the countras well.
Opus has said it plans to continur to run its remainingoperating companies, Opus Nortg Corp., based in Chicago, and Opus based in Minnetonka. Those units are actively pursuinv projects. They also have been less affected by the due to their mix ofprojecft types, healthy balance sheet s and stronger markets, according to press release. Opus said its developmentg activity has fallen tojust 4.8 millio n square feet in 2009, down from 34 million squars feet in 2007 and 35 million square feet in 2008.
Unable to refinance millions of dollarsin debts, the company plans to liquidate its portfoliok of commercial properties throughout the region. It was unclea r how much Opus East expects to fetch forits properties. Parenrt company , of Minneapolis, made the announcemen t in a news release and said another ofits Phoenix, Ariz.-based Opus West, expects to seek Chapter 11 protectio n in July. In its bankruptcy filing, the companyt listed assets ofbetween $50 milliob and $100 million and liabilities of between $100 million and $500 “Declining real estate values and tight credi t markets continue to impede the refinancing of asset s and restructuring of lending agreements,” Mark Rauenhort, CEO of Opus said in a In addition to general market conditions, the company cited $35 millionh in unpaid wages from the federa l for a project it was developinbg in College Park for the , companyu spokes woman Winston Hewett said in a telephone The company had ceased buildiny speculative office buildings more than a year ago, and it trimmexd its workforce from about 100 employeees last year to about 16 employeez as of June 15.
The company did not include all of its subsidiariesa inthe filing. It excluded, for Maryland Enterprise LLC, which was developing the propertyfor NOAA, and Nurser Corner LLC, which built a 160,000-square-foot office building in Linthicum Heightsd for defense contractor Opus East has developec more than 13.3 million squared feet of space since 1994. Opus West has developed more than 52.7 millioj square feet since 1979. These bankruptcies come on the heelzs of the April 22 bankruptcy of OpusSouth Corp., an Opus affiliatre based in Atlanta. Opus has said it planw to wind down its operations in that part of the countras well.
Opus has said it plans to continur to run its remainingoperating companies, Opus Nortg Corp., based in Chicago, and Opus based in Minnetonka. Those units are actively pursuinv projects. They also have been less affected by the due to their mix ofprojecft types, healthy balance sheet s and stronger markets, according to press release. Opus said its developmentg activity has fallen tojust 4.8 millio n square feet in 2009, down from 34 million squars feet in 2007 and 35 million square feet in 2008.
Monday, November 21, 2011
Alberta introduces legislation to crack down on impaired drivers - MetroNews Canada
tarpleypymibujuh1491.blogspot.com
CTV.ca | Alberta introduces legislation to crack down on impaired drivers MetroNews Canada Alberta is cracking down on suspected impaired drivers with proposed legislation that c » |
Saturday, November 19, 2011
United credit card policy could foul corporate travel - Atlanta Business Chronicle:
xeconatyxex.blogspot.com
San Francisco’s dominant airline informed some travel agencies that as of July 20 it will no longet let them process credit and debit card purchases for airlinde ticketsusing United’s merchant-processing services. Instead, such agencies wouldx have to require travelers to pay with process card payments withthe agency’x own merchant processing service and forwarf the cash to Unitex or book the tickets on United’s web site usingv the traveler’s credit or debit card issued by , V) , (NYSE: MA) (NYSE: AXP) and others.
An agenf using United’s web site, bypassing such travep systems as Apolloand Sabre, would not alloe companies to capture the discounts they have negotiatex with United nor would it allo w their travel agent to survey several carriers on a route to find the lowest price. “Several Bay Area companies have deals with United Airlinesfor discounts,” said Marc president of Casto Travel, whicy isn’t among the agencies that Unitedf has cut off from its merchant-processing service.
Casto says he’s reached out to some of the firm’sd corporate clients to express concernbover United’s new card acceptance policy, but declined to discuss what was said in thosr conversations. United Airlines UAUA) did not respond to requests for United is hoping to shift the cost of acceptingg credit and debit cards onto selectedtravel agencies. Thos e agencies say the airline’se move shifts to them the risk for paying out refundas if the carriergoes bankrupt. While it’s also likely to reduce the amount of moneuy that United has to keep in the bank to guar dagainst charge-backs, it would increasr those requirements for the travel agents.
That’s a nonstarter for most agencies andtheir banks, whichn would have to honor charge-back requests that coulx total billions of dollars in the event of an airlined bankruptcy. “I don’t think there’s any traveol agency, including American Express Travel, that couls shoulder that liability,” Casto said.
San Francisco’s dominant airline informed some travel agencies that as of July 20 it will no longet let them process credit and debit card purchases for airlinde ticketsusing United’s merchant-processing services. Instead, such agencies wouldx have to require travelers to pay with process card payments withthe agency’x own merchant processing service and forwarf the cash to Unitex or book the tickets on United’s web site usingv the traveler’s credit or debit card issued by , V) , (NYSE: MA) (NYSE: AXP) and others.
An agenf using United’s web site, bypassing such travep systems as Apolloand Sabre, would not alloe companies to capture the discounts they have negotiatex with United nor would it allo w their travel agent to survey several carriers on a route to find the lowest price. “Several Bay Area companies have deals with United Airlinesfor discounts,” said Marc president of Casto Travel, whicy isn’t among the agencies that Unitedf has cut off from its merchant-processing service.
Casto says he’s reached out to some of the firm’sd corporate clients to express concernbover United’s new card acceptance policy, but declined to discuss what was said in thosr conversations. United Airlines UAUA) did not respond to requests for United is hoping to shift the cost of acceptingg credit and debit cards onto selectedtravel agencies. Thos e agencies say the airline’se move shifts to them the risk for paying out refundas if the carriergoes bankrupt. While it’s also likely to reduce the amount of moneuy that United has to keep in the bank to guar dagainst charge-backs, it would increasr those requirements for the travel agents.
That’s a nonstarter for most agencies andtheir banks, whichn would have to honor charge-back requests that coulx total billions of dollars in the event of an airlined bankruptcy. “I don’t think there’s any traveol agency, including American Express Travel, that couls shoulder that liability,” Casto said.
Thursday, November 17, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - The Business Review (Albany):
stockdaleiqemico1521.blogspot.com
Some operations and equipmenr from a steel stamping plant inGrand Mich., which is slated to close as part of the automaker' s restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how if any, Michigan employees will opt to transfer to Wentzville, he said. GM officials callec Wentzville Mayor Paul Lambi at9 a.m. Monda to assure him the local plantg wouldremain open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporatd thinks this plant willbe around.
" Still, Lambi said, rivalk automaker Chrysler plans to shutter its Fenton factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversif its revenue stream. When Lambi took office sevenj years ago, Wentzville counted on GM for about 55 to 60 percent of itstotal revenue. that's more like 15 percent of the city'xs $24 million general fund, because GM pays the city about $3 million a year in real estate property taxes andother fees, he GM on Monday by the end of but the Wentzville plant was spared because it’s the only plantf where Chevrolet Express and GMC Savanq vans are made, The Wentzvillee plant will still undergo a previously announced and otherf production cuts in June and July that will result in the layoffsz of 300 workers.
Monday’sd Chapter 11 filing by the 101-year-ol automaker is among the largestin U.S. histort and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billiomn in liabilities and $82 billioh in assets, according to the filed in New GMto St. Louis’ largest privatelhy held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providese $30 billion of additional taxpayedr funds to restructure. The GM plan as detailed by U.S. officialas would allow a much smallerf GM to emerge from court protection within 60 to90 days.
The automaker has not providef an updated target for job cuts but was looking toeliminatee 21,000 U.S. factory jobs from the 54,000 union members it now General Motorsemploys 92,000 in the United Statesd and is indirectly responsible for 500,000 retirees. The U.S. governmenf would hold a 60 percent financiall interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governments of Canadaq and the province of Ontario have agreed to a 12 percenty ownership stake in exchange forfinancial aid. GM bondholdersw would get 10 percent. "It’s a bittersweet Wheeler said.
"You hate to have to go through the processx of closing plants andeliminatingv jobs, but look around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the futurw and be the vibrant company we once were." Downloade a copy of the
Some operations and equipmenr from a steel stamping plant inGrand Mich., which is slated to close as part of the automaker' s restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how if any, Michigan employees will opt to transfer to Wentzville, he said. GM officials callec Wentzville Mayor Paul Lambi at9 a.m. Monda to assure him the local plantg wouldremain open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporatd thinks this plant willbe around.
" Still, Lambi said, rivalk automaker Chrysler plans to shutter its Fenton factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversif its revenue stream. When Lambi took office sevenj years ago, Wentzville counted on GM for about 55 to 60 percent of itstotal revenue. that's more like 15 percent of the city'xs $24 million general fund, because GM pays the city about $3 million a year in real estate property taxes andother fees, he GM on Monday by the end of but the Wentzville plant was spared because it’s the only plantf where Chevrolet Express and GMC Savanq vans are made, The Wentzvillee plant will still undergo a previously announced and otherf production cuts in June and July that will result in the layoffsz of 300 workers.
Monday’sd Chapter 11 filing by the 101-year-ol automaker is among the largestin U.S. histort and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billiomn in liabilities and $82 billioh in assets, according to the filed in New GMto St. Louis’ largest privatelhy held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providese $30 billion of additional taxpayedr funds to restructure. The GM plan as detailed by U.S. officialas would allow a much smallerf GM to emerge from court protection within 60 to90 days.
The automaker has not providef an updated target for job cuts but was looking toeliminatee 21,000 U.S. factory jobs from the 54,000 union members it now General Motorsemploys 92,000 in the United Statesd and is indirectly responsible for 500,000 retirees. The U.S. governmenf would hold a 60 percent financiall interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governments of Canadaq and the province of Ontario have agreed to a 12 percenty ownership stake in exchange forfinancial aid. GM bondholdersw would get 10 percent. "It’s a bittersweet Wheeler said.
"You hate to have to go through the processx of closing plants andeliminatingv jobs, but look around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the futurw and be the vibrant company we once were." Downloade a copy of the
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