Monday, April 30, 2012

Radiation tag for mobile phones - Times of India

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TelecomTiger


Radiation tag for mobile phones

Times of India


NEW DELHI: The government has said  »

Saturday, April 28, 2012

Go green, save green: With the right tech, it

ibitasony.wordpress.com
While some companies may thinki “going green” is too costly, there are several technologiexs that can economically promote environmental sustainability throughout anentire business. • Teleworking: Gone are the days whers a home office simply meant having a PC andInternet connection. Today, all of thesre technologies are integrated so employeecollaboration doesn’t miss a even when away from the office. Replacing traditionall voice systems and bringingvoice e-mail and instant messaging together can reduce hardware, servic e and maintenance costs.
Research by found that such tacticzs can reduce travel from 10 to 30 ultimately reducing the numbefr of cars onthe • Virtualization: Many businesses believe they must deployh several servers to perform any numbere of tasks. Not Virtualization maximizes server potential by allowing one deviced to do the work that previously took severall dedicated serversto do. With more systems running on fewerphysical machines, businesses are estimatedr to reduce energy costs by 90 percent. • Remember the Instead of disrupting employees’ workdays by deploying new software and technologies thatare “more green,” companiesz should utilize the resources at their fingertips.
For using the “sleep” mode on 10 company PCs is equivalen t to taking one car offthe road. Companies should put into place policies to take advantag eof energy-saving tools, as according to a recentt study, 25 percent of employees leave their computers running all weekend and 65 percent run a screen savedr rather than sleep. While companiesw are re-evaluating their carbon footprints, they should also take inventor of their software licensing agreements as they may find rights for unusedd software they already own that providetheser power-management features.
Companies should rest assurexd knowing that they can easilyg reducetheir organization’s carbon footprint by simplg taking advantage of a tool used everyday technology. As businesses look into the they should keep in mind the world arounsd them and how easily they can help makea

Thursday, April 26, 2012

Canal Side hotel site may be on move - Denver Business Journal:

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The hotel concept, while still preliminary, may be a highlight of a slightlty tweaked development plan forthe $315 million Canal Side pegged for the lower Main Street area, just south of the New York Statde Thruway. Canal Side was unveiled in Decemberby , the locall arm of , which is charged with overseeinf projects along Buffalo’s waterfront. Canalk Side’s final development plans will be shown to the publifc in July as part of a series of mandated public hearings connected to environmentap reviews ofthe project. The environmental reviews are due to be completeddthis fall.
Moving the rumored to be one from the Marriottcorporate family, is perhaps the biggest adjustment in the Canak Side development plan. Originally, proposed renovating the eight-storyt Donovan Building into a multi-usew complex anchored by a hotel. Sources now indicate the Donovan Building may be primarilg used for Class A office space and apartmentxsor condos. A hotel is considered a crucial element inCana Side’s overall development plan. The Webstedr block is currently used as a surface parkingb lot for downtown workers during the day and for patrons attendinf events at HSBC Arena on nightzsand weekends.
The block is located betweeh HSBC Atrium and thearena and, at one time, was consideredx the site of a proposed 14-story Adelphia Tower. Matt Davison, spokesmam for Erie Canal HarborDevelopment Corp., said whiles the Canal Side plan is being revised, the agency’s primary focus remains on finishingb the demolition of Memorial Auditorium and preparingb for construction of a 150,000-square-foot Bass Pro store to anchod the downtown development project.

Tuesday, April 24, 2012

Hawker announces furloughs, building closures - Business First of Louisville:

boyanebyboqasavo.blogspot.com
In a letter to all employees, Vice President of Human Resources Rich Jiwanlal said the moves are partthe company’se ongoing effort to “resize our companyh to match the continuing declines in consumedr demand.” One of the measuresd will be furloughs whicb will include both product line and plan specific requirements. The dates for the furloughs will beJune 29-Jult 2, Nov. 23-25 and Dec. The letter informs employees that if vacation or earnede time off is not available to cover thesre days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chaihn teams back onto the company’s primar headquarters.
This will allo w it to close twobuildings “off-campus,” the lette r states. There was no announcement regarding any further The company declined to give any more informationb atthis time.

Monday, April 23, 2012

Mayor of West Kelowna appreciative of efforts made by Canada News Wire - News Talk Sports AM 1150

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Castanet.net


Mayor of West Kelowna appreciative of efforts made by Canada News Wire

News Talk Sports AM 1150


The mayor of the District of West Kelowna is appreciative of the efforts being made by Canada News wire after the "hockeyville" flub. Doug Findlater says their offer to provide 50 sets of hockey equipment to the top five communities that finished in ...


< p size="-1">Hockeyville error benefits kids

Castanet.net



 »

Saturday, April 21, 2012

Poor economy drives down gas - Orlando Business Journal:

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The average price of self-serve regular gasoline in the Los Angeles-Lonvg Beach area is $2.932 per gallon, which is 4.5 cents less than last two cents higher than last and $1.64 less than last On the Central Coast, the average price is $3.022, down 2.2 cente from last week, eight centz above last month, and $1.60 below last In the Inland Empire, the average per gallon pricew is $2.926, which is 4.2 centd less than last week, two cents more than last and $1.61 less than last year. “Oilk industry analysts tell us that crude oil prices and wholesalee gasoline futures had moved up to unsustainabls levels given the flat driving demand in Californiqa andthe U.S.
We’ve seen these commodity prices decline sharply in the last couplr of weeks and hopefully that signalz a continued downward trend at thegas pump,” Auto Club Spokesperson Jeffrey Spring said in a

Thursday, April 19, 2012

Unisys gives up on one debt exchange, proposes another - Philadelphia Business Journal:

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The Blue Bell, Pa.-based information-technology compan said late Tuesday it has terminated the offer that was to have expiref tonightafter . In that, it was tryinfg to get holders of four series of seniorf notes with a total face valuedof $1.06 billion, and due beginninbg next year, to exchangee them in a private offer for new senior secured notese that would have paid 12.625 percent interest and been due in 2014. Now, Unisyx (NYSE:UIS) is trying to get holders of the senior note to exchange them in private placements for two seriesd of new seniorsecureed notes; either nearly 73.7 million shares or 19.9 percent of its whichever is less; and up to $30 million in cash.
Unisyes said it has negotiated thosed terms with representatives of a groulp that it has been told consistsd of holders of 40 percent of theseniofr notes. Unisys also is asking the seniof noteholders to agree to amendmentws that would eliminate nearly allthe notes’ covenants and some of the clausesz with which it must complyh to avoid defaulting on the notes. A noteholded that tenders a senior note is agreeing to the Unisys said. The holders of each series of notes will vote as a separate class and Unisys will considedr a series to have agreed to the amendments if the holdersw of the majority of the principal amount of the notes in the series agree, the company said.
The senior notes compriswe $300 million of 6.875 percent notes due 2010; $400 millio n of 8 percent notesdue $150 million of 8.5 percent notes due and $210 million of 12.5 percenr notes due 2016. Unisys said holders of 25.6 percent of the 2010 23.8 percent of the 2012 54 percent of the 2015 notesand 15.8 percent of the 2016 notez have agreed to tender their notes. The company said the exchang offer is contingent upon at least 40 percenrt of the 2010 notesx and 2012 notes being tendered by Midnight EDTJuly 28.

Tuesday, April 17, 2012

Study: 230,000 in N.C. to lose health coverage - Charlotte Business Journal:

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The nonprofit, which promotes quality, affordable health care for all, estimatezs between January 2008 andDecember 2010, about 1,48 people per week in the Tar Heel State have lost or will lose health insurance. Nationally, 6.9 million people are expected to losethei insurance. The continued growth of the uninsurecd is another sign that the nationnneeds health-care reform, the organizationn contends. Families USA bases its estimates on a study in the May editiojn of the policy journal Health Affairs as well as incomd growthand per-capita health spending data from the Congressional Budgetf Office and the Office of the Actuarh at the Centers for Medicarde and Medicaid Services.
The study blames the loss of coverage on the increasinv cost of health insurancde andrising unemployment. It says the average family’s annualk health insurance premium more than doubled over the past decade — to $12,680 in 2008 from $5,791 in 1999. The cost of insurancwe has caused more small employers to drop their plan or decide not tooffert one, the study says. At the same rising unemployment — North Carolina’s jobless rate hit 11.
1 percent in June means fewer people have access to insurance through their Earlierthis year, the North Carolina Instituted of Medicine and UNC Chapel Hill reported that Northy Carolina’s uninsured population has grown at the fastesty rate in the nation. Sinc e 2007, 322,000 residents have lost their insurance, and the state’ s uninsured now total about 1.8

Monday, April 16, 2012

Viewers in for extra portion of sautéed egos - Independent Online

adepylex.blogspot.com


Independent Online


Viewers in for extra portion of sautéed egos

Independent Online


By Debashine Thangevelo After the success of Come Dine With Me â€" including the SA version screened last year â€" another series makes its way on to the small screen on the BBC Lifestyle channel. This time, aficionados of the cooking show genre can ...


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Saturday, April 14, 2012

TraPac

ukatekexo.wordpress.com
How is the current volume handlefd at the terminal different from what you had expected ayear ago? We were stilk optimistic. We saw that there were some problemsx inthe economy, but we still had hope of good volumes. The shipping lines to the East Coasf were pretty much runningfull We’re now handling in the neighborhood of 40,000 to 50,00 0 moves. We initially projected 120,000 to 150,000. Loca l industry logistics companies are disappointed that the expectedxvolumes haven’t materialized, but they say the silvedr lining is that it gives the area time to builfd up its infrastructure to handlde the expected boom in cargo.
What is your take on this Well, the [State 9A and Heckscher [Drive] interchange is running a littlebehinr schedule, but I don’t think even if we were runningv at 100,000-plus moves that there would be more noticeablwe traffic. Now, if we were doingv a half-million moves through the community, you would definitely notice. Asidre from increased volumes, what otherr things are you keeping your eyes on to determined whether international tradeis improving? From the international side, therde is no doubt about it that the main issues is that manufacturing globally is way off. It’x not just in the United States.
Chinz is going through the extremes of how many peopler have been laid off versusdover here. Once you start seeing bottominf out, it will be a long-drawn-out rebound. From the shipping the industry is going to be losingynearly $70 billion this year. Who knows how much of an impacyt this is going to have on the wholesuppl chain? I do think once it does botto m out it is going to take at least two to three years to recover. How much of the shippin industry’s losses are due to its own mistakesz and how much is a reaction to the internationaleconomy ? I think no one saw this coming with the global economyh crashing.
And of course, theree has been a frenzy in the globalization of the worls in the pastfive years, and there was demande for the shipping lined to stay ahead of the curvwe by ordering more capacity. That’s not just in the container but in thebulk [carrier] businesas and auto [carrier] business. The bulk of [Mitsuio O.S.K.]’s vessels are bulk oil tankers, liquefied naturaol gas carriers, liquefied petroleum gas carrierxs andauto carriers. Only aboutg a third of their 1,000 ships are container vessels. The bottokm has fallen out on all ofthosr vessels. It’s the reverse ripple effect. How do you deal with this over tonnager in not justcontainer vessels, but all otheer vessels?
When you look at Northh America trade, the rates are followingv faster than the volumes. It’se just market-driven. Some people will carrg cargo just to keep their percentage ofmarket share. Shipping lines are comint to the operators and port authoritiew lookingfor reductions. That is affecting the top to bottom of the supply Howhave MOL’s alliance partners fared? Unfortunately, other alliancse members haven’t seen the opportunit to come [to our terminal] that MOL has. The bulk of the businessa has been CMAand MOL. The APL and [ ] are in the processs of building theircustomer base.
CMA is not an alliancde member, but was a participanty of ESX service, [which is operated by The ]. Even thoughy their service endsMay 1, they hope to establish a Jacksonville service. Why haven’ft APL and Hyundai Merchant Marine been as active with the new terminal as they have with the Portof Savannah?? If you look at the history, Savannah has done such a phenomenaol job of getting the major importerd to go to thei distribution centers. That has put the Port of Savannah on the map Now it is time for us to take thatsame It’s not so much going after shipping lines, but goingt after major importers to set up distribution centerws here.
Eventually we are going to getsome in-docj or near-dock rail here so we can take advantage of handling a million TEUs (twenty-foot-equivalent units) per year. Savannah has on-sitr rail with and That is a big

Thursday, April 12, 2012

Report: IPO activity up slightly in Q2 - Tampa Bay Business Journal:

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Still the number of IPOs remains low, with just 14 that raisedd $2.3 billion in the first six months ofthe That’s down from the 43 offerings that generated $27.67 billion in the same six-monthy period last year. However, the report pointed out that the 2008 figur e was skewed because of the largest IPOin U.S. historuy — the $17.9 billion raised by Visa. By comparison, the largestt IPO in the first half of this year wasthe $720 millioh raised by "A few select companiezs were able to take advantage of the capitall markets which started to improve in late March," said Scotrt Gehsmann, a capital markets partner in PricewaterhouseCoopers' Transactiob Services practice, in a news "As we move toward the later part of the year, we will see more companiesx testing the IPO waters.
" The downward trend in IPO volumd started in the first quarter of 2008 and reachedx its lowest point in the recenrt first quarter, according to PricewaterhouseCoopers. There were only two filerd thatraised $22 million. The remaining 12, which raisefd $1.6 billon, came in the second That’s down from 18 IPOs filed in the second quarterof 2008, from which $5.1 billionn was raised.

Tuesday, April 10, 2012

Printing firms use new strategies to find, retain customers in recession - Business First of Louisville:

zemlyanikiyri.blogspot.com
The average member of the , a Nashville, Tenn.-based nonprofi trade organization, has dropped between 20 percen and 30 percent in sales during thepast year, presidenft Ed Chalifoux said in April. To cut expenses, printerz across the South have laid employees off or goneto four-dagy work weeks, he said. Local firmz such as , and Inc. are seekinv new ways to offset theirr dropsin business. At Publishers in the Louisville area’s largest printer, sales for the firsr quarter of 2009 were down about 20 percenyt from the first quartetof 2008, to about $45 million from $55 president and CEO Nick Simon said.
The compan y has not lost any customers, he said, but the magazinezs that it prints have about 20 percentt fewer pages because of cutbacks fromhis advertisers. The recession has accelerated a long-term trend away from the printeds word in the printing Simon said. “Printing is shrinking just a littlee bit,” he said. “The Internet and the computer have a lot to dowith Jeffersonville-based Voluforms has fared a little with a 7 percent to 8 percent drop in overall saled year-to-date, president and CEO C. Michae Stewart said. One reason for that is that the compant began diversifying its products severalyear ago.
Voluforms’ profit margin was down abouy 2 percent in thefirst quarter, comparec with the first quarter of he said. The commercial side of the business, in whicuh the company prints labelxs and cover sheets for products sold in has fallen off about 40 percenr over the pasttwo years, he said. But that businessd makes up only about 10 percent to 12 percenrt ofthe company’s total Stewart said. About 45 percent of tota revenue comes fromprinting scanner-friendly formw for financial institutions, such as counter checks and deposit slips. That business is goingv well, Stewart said, becausew it enables banks to do more documentf processingvia machines, thereby reducing payrolp costs.
The rest of the businesz is from providing printing and softward for the healthcare industry. About eightg years ago, the company created a series of electronifc forms for hospitals that helped them reduce 80 percengt of the paper forms theywere using, he said. “We’ve done a lot of thingz to be more on theleadinh edge” of the industry, Stewar said. The company even has taken advantagr of the fact that other printersw are laying off employees by hiring a fewnew employees. So Voluformxs now has 85 employeeds between its Jeffersonville distribution center and its Sellersburtprinting facility.
Revenue for the firsg quarter of 2009 at Standard Publishing in Shepherdsvilld came in atabout $3 million, which was about $50,000 below the first quarter of 2008, general manager Robin Crump said. Standarr Publishing, a division of Shelbyville-based Landmarkl Community Newspapers Inc., prints community newspapers owned by theLandmark chain, as well as nichwe publications such as Business First. Those publicationxs have lost somead revenue, she said, but nothing comparerd with metro newspapers. “We’re seeing some reduction in pages, but nothing causinhg us to panic,” she said.
Standard has not laid anyons off, but in February, Landmark mandated that ever employee, including corporate staff, take one eight-hour day off without pay per Crump said. Landmark’s corporate culture always has embraceflean staffing, she added, but Standarc Publishing has found small ways to cut such as reducing janitorial service from five days a week to threer days a week and reviewing the maintenancre contracts on some machines.

Sunday, April 8, 2012

Fed e-mails critical of BofA, Lewis - Boston Business Journal:

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The e-mail messages were entered into the public recorx as partof Thursday’s hearinbg held by the U.S. House Committee on Oversighg andGovernment Reform. Lewis testified for aboutt three hours regardingthe government’sa role in BofA’s purchase of Merrill, saying governmeny pressure to go through with the deal was a factort in his decision. But e-mails from variouse high-ranking Federal Reserve officials suggesgt regulators thought Lewis was bluffing when he considered backing out of theMerrilo deal.
“Ken Lewis’ claim that they were surpriseed by the rapid growth of thelossews (at Merrill) seems somewhat suspect,” Fed seniofr banking supervisor Tim Clark states an e-mail to other regulators. “Irt calls into question the adequacty of the due diligence processs BAC has been doing in preparation for the Another e-mail from Fed counsell Scott Alvarez to Fed Chairman Ben Bernanke says of “Making hard decisions is what he gets paid for ... we shouldn’g take him off the hook.” One e-mail says Lewix used the threat to call off the Merrillp merger asa “bargaining chip.” In testimont Thursday, Lewis denied using Merrill as a bargaining chip.
Instead, he says his concern s about the deal were but bank and federakl officials agreed proceeding with the purchase using taxpayefr aid was in the best interesyt of the financial systemand N.C.-based BofA (NYSE:BAC).

Friday, April 6, 2012

Restrictions,

polinaagyvtiwu.blogspot.com
Restrictions, including the “shovel ready” requirement and grants already awarded bythe , have limitec stimulus money for local airports. Probablyy one of the largest misses on the recoveryg funds isthe $122 million project to revitalizde taxiway Alpha at . That project had to be bid outby Nov. 30 to avoi d hindering during the busyholiday season. The stimulus bill is providingyabout $474 million for runway improvementzs at U.S. airports. The good president and CEO Larry Cox is that the Memphis airport will continues to receive funding from the FAA and all scheduledd projects shouldbe completed.
“We are alreadyh scheduled for those funds, and as long as we get thosde funds, we are going forwardd with projects,” he says. “Not getting the stimulus funds is not going to have an effectron us, but it would have been like winninv a small lottery.” Regional airports do not receivre as much FAA funding and had hoped for stimulusw dollars to help fund delayed projects. Those airporrt executives are discovering the limits ofwhat non-primar airports can spend stimulus funds on and the requirementd for shovel-ready projects.
Tunica Municipal Airport is one of the only local airports awardedstimulus funds, but the mone won’t go toward the airport’s long-delayed terminal project. The airport applied for threee stimulus grants for theterminal project, an apron improvemenyt project and construction of a new fire and safeth facility. To date, the FAA has only earmarkesd $1.25 million in stimulus funds to build thefire “Because we are not a primary airport in the eyes of the FAA, we can’y use the money where we says Cliff Nash, executive is still searching for projectxs that are shovel ready and that a non-primary airport can qualifyh for.
Airport manager David Taylor says the airporg is hoping to get some stimulus funds forsecurity improvements, but is still working througg the process. “We didn’t have anythingt ready to go, but we hope to in the he says. “It is a challenge, but we are not givinv up.”

Thursday, April 5, 2012

Tuesday, April 3, 2012

Bills bolster Bell, irk rivals - Atlanta Business Chronicle:

edibin.wordpress.com
(NYSE: BLS) will back Senate Billd 388 and 389. In the event of a federallyy certifiednatural disaster, SB 388 wouldd allow BellSouth, the dominant locall phone company, to collect a 10 percent "storm surcharge" from the smaller competitors that use its BellSouth ostensibly would use this money to defray the cost of repairing its network, which suffered perhaps $600 milliom in damage from Hurricane Katrina in 2005. The company couldx keep the surcharge in place up to a year from the date of the SB 388 is sponsored bystate Sen. Mitcbh Seabaugh, R-Sharpsburg, who is chairman of the Senatde Regulated Industries andUtilities Committee.
He compared it to the General Assembly'ds decision last year to cap taxes on jet fuel in order toassist now-bankrupt -- the state trying to support a majoe pillar of the locall economy in time of crisis, even if it coulxd only supply a few millioj dollars when far more was needed. BellSouth spokeswoma n LeAnn Boucher agreed withthat assessment. "What we could potentially recoup from those other carrierx using ournetwork wouldn'g even [have] come close" to cleaning up from Katrina, she BellSouth competitors are unhappyh about the measure and its companion, SB 389, whicuh could strip them of milliond of dollars in future revenue.
Currently, whenever the Georgias Public Service Commission penalizes BellSouth for failinfg to meet certain standards in reselling services to its those rivals receiveaboug two-thirds of any fines assessed. BellSouth shelled out about $1.8 million over the last 12 months, accordingf to Boucher. But under SB 389, whic Seabaugh also authored, BellSouth competitors woulfd no longer see any ofthose dollars. "oI don't understand the logic," said Jerry Watts, a lobbyist for ITC^DeltaCom Inc. "I f I'm suffering lost customers or a deterioration in the perceptiom of my service dueto BellSouth'sa actions, there's a financial impact," which those finesw offset.
The new billse come on the heelsof Seabaugh'sa SB 120, introduced in 2005, which would prevent the PSC from regulating broadband Internet and cell phone Although BellSouth (which posted $20 billion in 2004 sales) coulx soon find itself enjoying a littl extra pocket money, its joint venture with may take a bit of a hit from SB 395, the brainchilfd of state Sen. Cecilo Staton, R-Macon. SB 395 would prevent cell phone companieas from extending the term of a Georgia customer's service contract whenever that customer wants to add anothere line, change their number or otherwise modifyu their plan.
Staton said he was open to letting carriers continue requirin g contract extensions when they provide new phones to existing subscriberx in order to recoverthat cost. Cingula lobbyist Steve Skinner said withoutgthat ability, the company woulcd be unable to offer its customers new phones at subsidizede prices. One bill unlikeluy to face corporate oppositionis Staton's SB 394, which expandsa on a state anti-spam bill signedr in 2005 by specificallu targeting scammers posing as legitimate companies such as or EBAY) in unsolicited commercial These scammers "phish" for sensitive personal data by directing recipient s of the spam to visit Web sites that masquerade as thosde of banks, credit card companies, etc.
Recipients are then askecd to enter their Social Security passwords andthe like. Staton wanta to hit offenders with jail terms of up to20 years, finese of up to $500,000, or No Georgia-based businesses have complained to him of being he said. The most ambitious of the new Senate Resolution 642 bystate Sen. Judson Hill, R-Marietta, wouled require two-thirds of both the Hous e and Senate to agree in order to increass any existing statetax (including the corporatse income tax) or license fee or create any new The idea is to make it very difficult for Democrats to rais e taxes if they win back one or more chamberz in 2006 or at some future date, Hill said. Also noteworthy: Stat e Sen.
Ralph Hudgens, R-Comer and chairman of the Senate Insurance andLabord Committee, has filed SB 384 and SB 385 at the requesrt of state insurance commissioneer John Oxendine. SB 384 woulr add Georgia to the 20 states that have already joined an interstate compact allowing life insurancwe products approved for sale in any one state to be sold in all of Oxendine said some ofthe nation's largestr insurers, including (NYSE: MET) and , have been pushingy Georgia to join the compact, which won'tt become active until a few more statesx sign up. SB 385 gives Georgia-basee insurers the ability to add municipao bondsfrom U.S.
and Canadian cities and countiesx with populations of lessthan 25,000p to their portfolios. Oxendine crafted the bill, which he callefd vital for local economic after ran into the regulation in Dodge Countyin 2005.

Sunday, April 1, 2012

Costco, Nordstrom December sales dip - Pacific Business News (Honolulu):

dusinenezoqoc.blogspot.com
At Issaquah-based Costco (Nasdaq: COST), same-store sales fell 4 percenf compared with the same timelast year. Net salee fell to $7.4 billion from $7.55 billion a year The big-box retailer has six locationsin Hawaii. The drop in same-stored sales wasn’t as steep as analysty Dan Geiman of brokerage inSeattle predicted. Geima n estimated a 4.5 percent drop and said Costcowas “severelty impacted by the combined impacts of gasoline deflationh and the stronger U.S. Geiman has a “hold” ratin on Costco’s stock. At Seattle-based Nordstrom (NYSE: which opened its first Hawaii storw at Ala Moanain March, same-store salesx fell 10.
6 percent compared with the same time a year earlie r and net sales dropped to $1.13 billion from $1.223 billion in 2007. Nordstrom’ws drop in same-store sales was less than expectations of a 14 percent In a noteto investors, Geiman said he expects that Nordstrom “will continue to face competitivr markdown pressures into the foreseeable future or at least until the economy starts to improve.” He lowered his fourth-quarter earnings estimate to 34 centse per share from 42 cents per shares and his fiscal year earnings estimats to $1.85 from $1.94. Geiman maintains his “buy” rating on Nordstrom.