USA TODAY | Snedeker wins playoff after Stanley meltdown San Francisco Chronicle Last summer, he was two shots ahead at the John Deere Classic until he bogeyed the final hole from a bunker, and Steve Stricker closed with two straight birdies to win. This loss, however, put him in the wrong kind of company. It was reminiscent of Van ... Snedeke r wins a shocker at Torrey Pines |
Monday, January 30, 2012
Snedeker wins playoff after Stanley meltdown - San Francisco Chronicle
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Saturday, January 28, 2012
Bradenton Holiday Inn Express owners seek bankruptcy protection - Charlotte Business Journal:
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Sroka Hospitality filed for Chapter 11 protectiob Monday inthe ’sz Middle District of Florida claiminf assets and liabilities of between $1 millioh and $10 million, court documents Sroka Hospitality was founded in 2003 and purchased the Bradentob hotel in 2007 for $7.2 million, according to the company’xs case management summary filed with the Revenue was about $1.8 million in 2008 and is expectec to be almost half that in 2009 at $1 Bank of the West is still owed $4.3 million while the is owed just undeer $2 million, documents said. The hotell also owes $102,000 to the Manatees County Tax Collector, a debt the company Both loans were handled throughthe .
Bank of the West said the hotel’w value has fallen from $7.2 milliomn to $2.8 million bases on its own appraisal, however, Srokaw Hospitality said it believes the propertyu isworth more. The hotel, located near Stater Road 64 and Interstate 75 in sold in 2004for $4.35 million. Sroka Hospitalit y purchased it after the companhy soldits St. Augustine hoteo in favor of having a Holidayy Inn Expressbranded hotel, accordingv to published reports.
Sroka Hospitality filed for Chapter 11 protectiob Monday inthe ’sz Middle District of Florida claiminf assets and liabilities of between $1 millioh and $10 million, court documents Sroka Hospitality was founded in 2003 and purchased the Bradentob hotel in 2007 for $7.2 million, according to the company’xs case management summary filed with the Revenue was about $1.8 million in 2008 and is expectec to be almost half that in 2009 at $1 Bank of the West is still owed $4.3 million while the is owed just undeer $2 million, documents said. The hotell also owes $102,000 to the Manatees County Tax Collector, a debt the company Both loans were handled throughthe .
Bank of the West said the hotel’w value has fallen from $7.2 milliomn to $2.8 million bases on its own appraisal, however, Srokaw Hospitality said it believes the propertyu isworth more. The hotel, located near Stater Road 64 and Interstate 75 in sold in 2004for $4.35 million. Sroka Hospitalit y purchased it after the companhy soldits St. Augustine hoteo in favor of having a Holidayy Inn Expressbranded hotel, accordingv to published reports.
Wednesday, January 25, 2012
Whistleblower suits filed against medical device companies, including Medtronic, St. Jude Medical - Sacramento Business Journal:
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A Houston court unsealed documents relatedr to the legal complaintson Tuesday. Other companies namedc in the suitinclude , a Natick, Mass.-based firm with operations in Maple Grover and Arden Hills, and , of San Calif. Endoscopic has agreed to pay $1.4 million to settle a claik filed bythe U.S. Justicee Department. Fridley-based Medtronic said in a statement that the unsealinf of the document isa "normal step in the process set fortn in the statute for the handling of theser kinds of cases." "As with all litigatiob matters, this case will run its courswe through the judicial process, where Medtronid will file its responses and argue its the company stated.
Officials from Boston Scientifif andLittle Canada-based St. Jude Medical couldn’tr immediately be reached for comment Wednesday The recent allegations accuse the device companies of marketinvg products used to remove scar tissue as treatments foratriao fibrillation, an abnormal heart Federal regulators had not approved the use of the devices as a meansw to address atrial fibrillation.
A Houston court unsealed documents relatedr to the legal complaintson Tuesday. Other companies namedc in the suitinclude , a Natick, Mass.-based firm with operations in Maple Grover and Arden Hills, and , of San Calif. Endoscopic has agreed to pay $1.4 million to settle a claik filed bythe U.S. Justicee Department. Fridley-based Medtronic said in a statement that the unsealinf of the document isa "normal step in the process set fortn in the statute for the handling of theser kinds of cases." "As with all litigatiob matters, this case will run its courswe through the judicial process, where Medtronid will file its responses and argue its the company stated.
Officials from Boston Scientifif andLittle Canada-based St. Jude Medical couldn’tr immediately be reached for comment Wednesday The recent allegations accuse the device companies of marketinvg products used to remove scar tissue as treatments foratriao fibrillation, an abnormal heart Federal regulators had not approved the use of the devices as a meansw to address atrial fibrillation.
Monday, January 23, 2012
Eli wants to be on more exclusive list - Newsday
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Newsday | Eli wants to be on more exclusive list Newsday Giants Newsday > Sports > Footb » |
Saturday, January 21, 2012
State sues 3 foreclosure rescue firms - Business First of Columbus:
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Attorney General Richard Cordray’s office said Thursday that it file lawsuits against 21st Century LegakServices Inc., Foreclosure Home Assistancde LLC and Michael Brotherton, who does business as Financial Emergency Inc. in the Dayto n area. The state is looking to shut down the operationsin Ohio. The suit against 21st Century Legal Services alleges it promised to help homeownersx restructure loans for a fee ofbetween $1,500 and The company, Cordray’s office told customers to stop makinyg payments on their home loans with the expectatioh that the firm would take care of the The state outlines similaer claims against the other two firms beingh sued.
Cordray’s office said it has issued 23 cease-and-desistg notices to 21st Centuryand Cleveland-basecd Foreclosure Home Assistance since May. It’s charging each companty with a violation of state consumerf law and the DebtAdjusters Act, seekingg reimbursement for customers and looking to levy a $25,0000 penalty for each violation of state law. The statd didn’t outline the extent of the complaint s it received onthe companies. A representative for Cordray’as office wasn’t immediately available to comment. A messagse seeking comment was left with 21st CenturyThursdayg afternoon. Contact information for Foreclosurew Assistance andBrotherton wasn’t available.
Attorney General Richard Cordray’s office said Thursday that it file lawsuits against 21st Century LegakServices Inc., Foreclosure Home Assistancde LLC and Michael Brotherton, who does business as Financial Emergency Inc. in the Dayto n area. The state is looking to shut down the operationsin Ohio. The suit against 21st Century Legal Services alleges it promised to help homeownersx restructure loans for a fee ofbetween $1,500 and The company, Cordray’s office told customers to stop makinyg payments on their home loans with the expectatioh that the firm would take care of the The state outlines similaer claims against the other two firms beingh sued.
Cordray’s office said it has issued 23 cease-and-desistg notices to 21st Centuryand Cleveland-basecd Foreclosure Home Assistance since May. It’s charging each companty with a violation of state consumerf law and the DebtAdjusters Act, seekingg reimbursement for customers and looking to levy a $25,0000 penalty for each violation of state law. The statd didn’t outline the extent of the complaint s it received onthe companies. A representative for Cordray’as office wasn’t immediately available to comment. A messagse seeking comment was left with 21st CenturyThursdayg afternoon. Contact information for Foreclosurew Assistance andBrotherton wasn’t available.
Thursday, January 19, 2012
Southern accent: Reinvestment, additional revenue streams give Firefly
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The recipe was a hit. Firefly’s revenue went to $7.7 milliob last year from $6.8 milliob in 2007, and Uliss’ goal is to hit $8 million this But Firefly’s is definitelyt feeling the dimming effects of the Uliss said the average check size at his restaurante is down byabout $3 to $4 per And while Uliss has taken some steps to reducre operational costs and lure more diners through the door, one thingh that is helping Firefly’s weather the downtur n has been Uliss’ efforts to expanfd his business model over the years. “In this econom y right now, it is very difficultf for restaurants to bejust restaurants.
Profit margins have shrunk so much, it helps to have other revenue the 46-year-old entrepreneur said. Five yearsz ago, he added Dante’s, an in-house blues club and sports bar featuring live acts everg Friday andSaturday night, to his 8,700-square-foot, 287-seat location in When he opened his third location a 7,500-square-foot, 243-seat spot in Quincy in 2007, he also included a Dante’s club component.
Ulissa says Dante’s has boosted his food and beverage sales annuall y byabout $300,000 in Marlborough and $200,000 in Additional growth has come from Firefly’s catering which serves about 1,200 clientes and represents about $1 million of Firefly’as total revenue. With competition coming from both traditional cateringv firms and other Ulisssays he’s emphasizing customization with his orders and providing both semi- and full-service catering, as well as drop-ofd deliveries. “They’re all so professionao and fun towork with,” said catering client Shaileen Santoro, marketing managert for JAM’N 94.5 at Clear Channel Radipo Boston.
“You don’t have to worry abou anything.” A key investment for Firefly’es was its food production commissary, which Ulisxs opened in Marlborough in March 2008 at a cost ofabout $150,000p — the financing for which he obtainef from Marlborough Savings Bank. The commissary, whicn operates under a separated corporation, Firefly’s Management Co. LLC, providexs prepared foods for thethree Firefly’ s restaurants. “The commissary has definitely improver the quality and consistencyt ofour food,” Uliss said.
Firefly’s is also selling its own line ofproductds (the manufacturing for which is done in Chicago) — currently, three different sauces and one dry-rub — in about 25 retail venues in Massachusetts, including Shaw’d Supermarkets. Those products currently generateabouyt $70,000 annually in sales, Uliss said. A veterab of the Boston restaurant scene, Uliss launched the first Firefly’d location in Marlborough in 2001 for about $800,000 (he has a business partner, Miles in all three locations). A 168-seat location in Framingham followed in followed by the Quincy locationj fouryears later, for which he took on two privater financial investors.
With a strong team behind him, Uliss says he firmlyt believes in staying in close contact withhis customers: “You must be visible withij your business,” he said. He’a planning to open a fourth location — a 20- to 50-seay venue, tentatively titled Firefly’s on the Fly at the end of this year or early next Uliss is currently researching locationzs inthe Worcester/Central Mass. area, as well as the 128 “Steve gets it: He understandsx you have to have agreatg product,” said industry colleague Jim owner of four Fuddruckers New England franchisesa in Massachusetts. “You have to have grear service.
And you have to have good In a sign of theeconomicd times, Uliss has made some cost-saving moves. Four managers were laid off from his currently at150 employees, late last year. The number of menu itemss has been reduced by about 20percent (items rangr in price from $3.99 to $21.99). And, he’s cut the cost to producd the menus themselves by replacinglarge spiral-bound books with a two-sided Firefly’s is also providing speciales to help drive traffic to the restaurants: On kids eat free. On Tuesdays, all platters are $10. On diners get two meal s for $20. And on Thursdays, he’ws offering three-meat combos for $14.99.
“We’ree all going at it the same way — we’rse trying to deliver great value to the consume r and get the bodies in the he said.
The recipe was a hit. Firefly’s revenue went to $7.7 milliob last year from $6.8 milliob in 2007, and Uliss’ goal is to hit $8 million this But Firefly’s is definitelyt feeling the dimming effects of the Uliss said the average check size at his restaurante is down byabout $3 to $4 per And while Uliss has taken some steps to reducre operational costs and lure more diners through the door, one thingh that is helping Firefly’s weather the downtur n has been Uliss’ efforts to expanfd his business model over the years. “In this econom y right now, it is very difficultf for restaurants to bejust restaurants.
Profit margins have shrunk so much, it helps to have other revenue the 46-year-old entrepreneur said. Five yearsz ago, he added Dante’s, an in-house blues club and sports bar featuring live acts everg Friday andSaturday night, to his 8,700-square-foot, 287-seat location in When he opened his third location a 7,500-square-foot, 243-seat spot in Quincy in 2007, he also included a Dante’s club component.
Ulissa says Dante’s has boosted his food and beverage sales annuall y byabout $300,000 in Marlborough and $200,000 in Additional growth has come from Firefly’s catering which serves about 1,200 clientes and represents about $1 million of Firefly’as total revenue. With competition coming from both traditional cateringv firms and other Ulisssays he’s emphasizing customization with his orders and providing both semi- and full-service catering, as well as drop-ofd deliveries. “They’re all so professionao and fun towork with,” said catering client Shaileen Santoro, marketing managert for JAM’N 94.5 at Clear Channel Radipo Boston.
“You don’t have to worry abou anything.” A key investment for Firefly’es was its food production commissary, which Ulisxs opened in Marlborough in March 2008 at a cost ofabout $150,000p — the financing for which he obtainef from Marlborough Savings Bank. The commissary, whicn operates under a separated corporation, Firefly’s Management Co. LLC, providexs prepared foods for thethree Firefly’ s restaurants. “The commissary has definitely improver the quality and consistencyt ofour food,” Uliss said.
Firefly’s is also selling its own line ofproductds (the manufacturing for which is done in Chicago) — currently, three different sauces and one dry-rub — in about 25 retail venues in Massachusetts, including Shaw’d Supermarkets. Those products currently generateabouyt $70,000 annually in sales, Uliss said. A veterab of the Boston restaurant scene, Uliss launched the first Firefly’d location in Marlborough in 2001 for about $800,000 (he has a business partner, Miles in all three locations). A 168-seat location in Framingham followed in followed by the Quincy locationj fouryears later, for which he took on two privater financial investors.
With a strong team behind him, Uliss says he firmlyt believes in staying in close contact withhis customers: “You must be visible withij your business,” he said. He’a planning to open a fourth location — a 20- to 50-seay venue, tentatively titled Firefly’s on the Fly at the end of this year or early next Uliss is currently researching locationzs inthe Worcester/Central Mass. area, as well as the 128 “Steve gets it: He understandsx you have to have agreatg product,” said industry colleague Jim owner of four Fuddruckers New England franchisesa in Massachusetts. “You have to have grear service.
And you have to have good In a sign of theeconomicd times, Uliss has made some cost-saving moves. Four managers were laid off from his currently at150 employees, late last year. The number of menu itemss has been reduced by about 20percent (items rangr in price from $3.99 to $21.99). And, he’s cut the cost to producd the menus themselves by replacinglarge spiral-bound books with a two-sided Firefly’s is also providing speciales to help drive traffic to the restaurants: On kids eat free. On Tuesdays, all platters are $10. On diners get two meal s for $20. And on Thursdays, he’ws offering three-meat combos for $14.99.
“We’ree all going at it the same way — we’rse trying to deliver great value to the consume r and get the bodies in the he said.
Tuesday, January 17, 2012
Solutia completes sale of nylon business - Denver Business Journal:
ysynut.wordpress.com
The sale includes the unit’s management and as well as all five of its manufacturing plantswin Alvin, Texas; Decatur, Ala.; Greenwood, Pensacola, Fla.; and Foley, Ala. The nylob business includes 2,000 of Solutia's 5,100 All 2,000, including 29 in St. Louis, becamd employees of the SK Capital affiliate. SK Capital paid Soluti a $50 million in cash for the nylon assets. Soluti a also received a 2 percentr equity stake in the new companyu formed to hold the assets of the nylon In addition, Solutia will receive $4 million in deferredr cash payments to be paid in annual $1 milliojn installments beginning in 2011.
SK Capitakl has secured replacementof $25 millioj of letters of credit associates with the nylon business, which has resultefd in increased availability for Solutia under its credit The affiliate of SK Capital will assume substantiallgy all of the liabilities of the nylon including employee and pension liabilities relating to the active employees of the businessd and environmental liabilities, said Solutia, which plans to use the proceeds of the sale to pay down debt undefr its asset-based revolving credit facility. St. Louis-based Soluti a Inc. (NYSE: SOA), led by Chairman, President and CEO Jeffrty Quinn, develops specialty chemicals, fluids and other performance products.
The sale includes the unit’s management and as well as all five of its manufacturing plantswin Alvin, Texas; Decatur, Ala.; Greenwood, Pensacola, Fla.; and Foley, Ala. The nylob business includes 2,000 of Solutia's 5,100 All 2,000, including 29 in St. Louis, becamd employees of the SK Capital affiliate. SK Capital paid Soluti a $50 million in cash for the nylon assets. Soluti a also received a 2 percentr equity stake in the new companyu formed to hold the assets of the nylon In addition, Solutia will receive $4 million in deferredr cash payments to be paid in annual $1 milliojn installments beginning in 2011.
SK Capitakl has secured replacementof $25 millioj of letters of credit associates with the nylon business, which has resultefd in increased availability for Solutia under its credit The affiliate of SK Capital will assume substantiallgy all of the liabilities of the nylon including employee and pension liabilities relating to the active employees of the businessd and environmental liabilities, said Solutia, which plans to use the proceeds of the sale to pay down debt undefr its asset-based revolving credit facility. St. Louis-based Soluti a Inc. (NYSE: SOA), led by Chairman, President and CEO Jeffrty Quinn, develops specialty chemicals, fluids and other performance products.
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