ycoguqi.wordpress.com
Senate Bill 228 ends the Arveschoug-Birr provision allowing general-fund spending to increase just 6 percentt per year and replaces it with a spendingg increase limit equal to 5 percent of personalincome growth. Sponsored by Sen. John D-Colorado Springs, it also sets aside part of the generalo fund for transportation for the first time and increasesthe state's rainy-day reserves, beginning in the 2012-13 fiscal What that all means is that the general which pays for general state services like education, higher education and corrections, will no longer have to shrinik permanently when the economy recesses.
Because of the currentf growth limit, programs that see funds cut durin g downturns are not allowed to recover full when the fiscal environment turnwgood again. . . The new law will not increasre overall spending but will assure that moneu can be directed where state leadersz see thegreatest need, Ritter Laws put into place over the past 12 yeares direct any revenue over the 6 percent limitr mostly toward transportation projects and capital construction, whichb have no other guaranteed statse funds.
But even as the Democratic governot hailed the signingas "a grea t day for progress in the effortsd of so many who have worked to bringing sensible, modern budgeting to the state of several legislators said there is more to be Sponsoring Rep. Don Marostica, said state officials must now look at the conflict s betweenAmendment 23, the Gallagher Amendment and "that sacred cow," the Taxpayer's Bill of Rights, or Marostica was the only membetr of his party to support the with other Republicans calling it an end to fiscak limits and a taking of the only streamk of money that had been dedicated to roadd for years.
Morse added that an interim committee this year will look at not just how much revenu the state brings in but wherw it gets that Questions must be asked if there are ways to get funding from more stable sources like property taxes and fees rathedr than the volatilesales tax, he "In the late 1400s, very few people believed the Earth was round. By the early 1500s, we knew what was goingg on," Morse said of the need to convincse Coloradans that such change is necessary. "The same thing'sx going to happen with this bill ... This is a fighf for the soul of Coloradoand it'sx just beginning.
" Colorado Fiscal Policy Institute analyst Caroll Hedges, who helped to craft the bill, said that because futurd revenues remain uncertain, no estimates have been made as to how much monet higher education and other areas will gain from the However, next year's general-fund revenue is expectec to fall by roughly $700 million from this and SB 228 will help budgetg crafters be able to prioritize where that is taken from and how that monet is replaced in the future, Morse said.
Monday, July 30, 2012
Sunday, July 29, 2012
Bank stocks' decline slows - Jacksonville Business Journal:
xoqylyjibo.wordpress.com
Though the bottom of the market is near undeterminablre until there are signs ofa turn, some investorss believe those who can hold onto their shares will receivs higher returns when the credit crunchy passes and the housing marke settles. Share prices declined for all 27 publicly tradeed banks based in Florida in 2007 by an averagrof 41.4 percent. They have declinedr by an averageof 1.5 percent this as of Feb. 25. In drops ranged from 2.78 percent to $14 at Bradenton-baseed (NASDAQ: HZNB) to 79.5 percent to $2.0 7 at Sanford-based (NASDAQ: FDT), according to research compiledr by local investmentbank , financial marketplace researcher and The Businesws Journal.
Investors have worried over declining credif quality and limited opportunities to increase assetsand earnings, said Gil president and CEO of (NASDAQ: JAXB). His company's stoc price dropped nearly 40 percentto $19.9 Dec. 31 compared with the previou s year. Fourth-quarter earnings and stock price s slid as banks tapped reserves to covefr losses on real estate loans that went into defaultf or foreclosure as the housing market Federal efforts to stimulate the economuy have since helped put investors at ease and stabilizdstock prices.
Prices have risen for about halfof Florida's 27 publicly traded Of the two publicly traded banks basef in Jacksonville, one's stock has risen and the other's has Jacksonville Beach-based (NASDAQ: ATBC), the parent company of , had a 46.3 percenr decrease in net income to $274,000 in the fourth quartere due to slowing loan demand, higher cost of funds and additionap loan loss reserves, according to a recent financialk statement filed with the U.S. Securities and Exchangd Commission. For the first time in the 11 yearsa since Oceanside Bankwas established, it beganj dealing with defaulting loans last year, primarily in the fourth There was $5.
9 million in real estated loans no longer accruing interest and noncurrent loans represented 3.25 percent of $187.34 million in total real estate loans as of Dec. 31, according to the Atlantic BancGroup's stock price fell nearlt 48 percentto $17.40 in 2007 comparexd with 2006. Since then, the price has decreased 9.5 percentf to $15.75 as of Feb. 25. Stock price variations are largelhy dueto "people's perceptions of financial stocks" and the financ e industry, said Barry Chandler, president and CEO of Atlantic "And the demand for stock is less" as investors sell their stock because they need Stock prices will fall "until we hit bottom" or the fear of limitedd growth potential for assets and earningds goes away, Pomar said.
Some of that fear was liftec when Jacksonville Bancorpannouncex Jan. 22 that earnings rose 17 percentr in 2007to $3 or $1.63 per diluted share. The company's stock pricwe rose 31 percentto $26 as of Feb. 25, compared with $19.990 Dec. 31. The bank, whichb is focused more on commercialand small-business had $689,000 of loans in nonaccrual and only 0.2 perceny of the total loans were noncurrentr as of Dec. 31. Pomar expects stock prices to rise as marketconditionsd improve. The Federal Reserve is expecte to cut interest rates further and hedged funds will likelybuy homebuilders' properties at bargai rates, removing them from the market and speedinfg its recovery.
"Now is the time to take advantage of some reallygood values," Pomar said. As of Feb. 25, stocok prices had risen this year for 13of Florida'ws 27 publicly traded banks. Increases ranged from 2 percen tto $10 at Port St. Lucie-based . Inc. FPBI), to 30.7 percent at Jacksonville Bancorp, whicu benefited from the strong earnings report and a merge with Heritage Bank of North Florida announced in January. Chandler said banks that own most of theidr stock are highly interested in maximizing their investmen t because it directlyaffects them. At about 20 percent of the stockm is owned by directorxsand internally. "We're going to ride out the storm.
Theres is a recovery," Chandler said. "The boat didn' t change, the ocean did."
Though the bottom of the market is near undeterminablre until there are signs ofa turn, some investorss believe those who can hold onto their shares will receivs higher returns when the credit crunchy passes and the housing marke settles. Share prices declined for all 27 publicly tradeed banks based in Florida in 2007 by an averagrof 41.4 percent. They have declinedr by an averageof 1.5 percent this as of Feb. 25. In drops ranged from 2.78 percent to $14 at Bradenton-baseed (NASDAQ: HZNB) to 79.5 percent to $2.0 7 at Sanford-based (NASDAQ: FDT), according to research compiledr by local investmentbank , financial marketplace researcher and The Businesws Journal.
Investors have worried over declining credif quality and limited opportunities to increase assetsand earnings, said Gil president and CEO of (NASDAQ: JAXB). His company's stoc price dropped nearly 40 percentto $19.9 Dec. 31 compared with the previou s year. Fourth-quarter earnings and stock price s slid as banks tapped reserves to covefr losses on real estate loans that went into defaultf or foreclosure as the housing market Federal efforts to stimulate the economuy have since helped put investors at ease and stabilizdstock prices.
Prices have risen for about halfof Florida's 27 publicly traded Of the two publicly traded banks basef in Jacksonville, one's stock has risen and the other's has Jacksonville Beach-based (NASDAQ: ATBC), the parent company of , had a 46.3 percenr decrease in net income to $274,000 in the fourth quartere due to slowing loan demand, higher cost of funds and additionap loan loss reserves, according to a recent financialk statement filed with the U.S. Securities and Exchangd Commission. For the first time in the 11 yearsa since Oceanside Bankwas established, it beganj dealing with defaulting loans last year, primarily in the fourth There was $5.
9 million in real estated loans no longer accruing interest and noncurrent loans represented 3.25 percent of $187.34 million in total real estate loans as of Dec. 31, according to the Atlantic BancGroup's stock price fell nearlt 48 percentto $17.40 in 2007 comparexd with 2006. Since then, the price has decreased 9.5 percentf to $15.75 as of Feb. 25. Stock price variations are largelhy dueto "people's perceptions of financial stocks" and the financ e industry, said Barry Chandler, president and CEO of Atlantic "And the demand for stock is less" as investors sell their stock because they need Stock prices will fall "until we hit bottom" or the fear of limitedd growth potential for assets and earningds goes away, Pomar said.
Some of that fear was liftec when Jacksonville Bancorpannouncex Jan. 22 that earnings rose 17 percentr in 2007to $3 or $1.63 per diluted share. The company's stock pricwe rose 31 percentto $26 as of Feb. 25, compared with $19.990 Dec. 31. The bank, whichb is focused more on commercialand small-business had $689,000 of loans in nonaccrual and only 0.2 perceny of the total loans were noncurrentr as of Dec. 31. Pomar expects stock prices to rise as marketconditionsd improve. The Federal Reserve is expecte to cut interest rates further and hedged funds will likelybuy homebuilders' properties at bargai rates, removing them from the market and speedinfg its recovery.
"Now is the time to take advantage of some reallygood values," Pomar said. As of Feb. 25, stocok prices had risen this year for 13of Florida'ws 27 publicly traded banks. Increases ranged from 2 percen tto $10 at Port St. Lucie-based . Inc. FPBI), to 30.7 percent at Jacksonville Bancorp, whicu benefited from the strong earnings report and a merge with Heritage Bank of North Florida announced in January. Chandler said banks that own most of theidr stock are highly interested in maximizing their investmen t because it directlyaffects them. At about 20 percent of the stockm is owned by directorxsand internally. "We're going to ride out the storm.
Theres is a recovery," Chandler said. "The boat didn' t change, the ocean did."
Friday, July 27, 2012
CB Richard Ellis to raise $550M - Triangle Business Journal:
cahijisebi.wordpress.com
The national firm has a Cary offices that the 2009 Triangle Business Journal Book of Lists rankes as the third largest commercial real estatse brokerage operation inthe Raleigh-Durham area. The compant will use the proceeds to reduce itssizabler debt. The Los Angeles-bases broker plans to offer $400 million in seniodr unsubordinated notes in aprivatew placement. It also will sell $100 million in new Class A commonh stock to investors that includee hedge fundPaulson & Co. Inc. CB Richards Ellis may raise another $50 millio in periodic public stock CB Richard Ellishas $2.4 billion in debt, $310 millio of which is due next year, accordingh to Bloomberg data.
Much of its debt was incurred througbhits $1.9 billion acquisition of Trammell Crow in 2006. The move by CB Richarxd Ellis (NYSE:CBG) follows a similar initiative by On Jones Lang LaSalle said it plannefd to raise as muchas $200 million in a secondary stock offering of 5.5 million shares. CB Richard Elli is the world’s largest commercial real estateservicesw firm. It has more than 29,000 employees
The national firm has a Cary offices that the 2009 Triangle Business Journal Book of Lists rankes as the third largest commercial real estatse brokerage operation inthe Raleigh-Durham area. The compant will use the proceeds to reduce itssizabler debt. The Los Angeles-bases broker plans to offer $400 million in seniodr unsubordinated notes in aprivatew placement. It also will sell $100 million in new Class A commonh stock to investors that includee hedge fundPaulson & Co. Inc. CB Richards Ellis may raise another $50 millio in periodic public stock CB Richard Ellishas $2.4 billion in debt, $310 millio of which is due next year, accordingh to Bloomberg data.
Much of its debt was incurred througbhits $1.9 billion acquisition of Trammell Crow in 2006. The move by CB Richarxd Ellis (NYSE:CBG) follows a similar initiative by On Jones Lang LaSalle said it plannefd to raise as muchas $200 million in a secondary stock offering of 5.5 million shares. CB Richard Elli is the world’s largest commercial real estateservicesw firm. It has more than 29,000 employees
Wednesday, July 25, 2012
Michelle Obama thanks D.C.-area philanthropists - Business First of Buffalo:
proklofuxaanygez.blogspot.com
“I’m here simply to say thank you for the workthat you’vw done and to help celebrate all of your accomplishments, the work that you’ves done to make D.C. a trulg wonderful community," she said. "It’s been so nice to call this city ourseconx home.” In April, President Barack Obama signed the Edward M. Kennedy Serve America Act, which expands the mission and fundint forvolunteer programs. But the firsy lady said the federal government can only do so much and she hope citizens would make a personapl commitment to help get thecountry “bacm in the right direction.
” “My husban is asking us to come togetherf to help lay a new foundation for growth, and that’s really where all of you come Obama said. A Chicago native, Obamaa founded that city’s chapter of Public Allies, a nonprofit that prepares younyg adults for government andnonprofit careers. As an associat dean at the University of she developedthe school’s communitty service program. Obama told the lunchtime crows at theRenaissance Washington, D.C. Hotelo that she understands the difficulties of operatingh in adifficult economy. “I know what foundations and socialentrepreneurs face," she said. "I understanr it.
I know how hard it is to get the moneuy to pay for fundraising and accountanta andvolunteer coordinators, to get all the technology that you reallyu need to make the work happen, that it just doesn’tf happen out of the good will, that it taked real resources to move things forward.” Soon after her husbandr was inaugurated in January, Greate r D.C. Cares provided the first lady with a list of local nonprofits that she couldconsider visiting, according to spokeswomah Sarah Fleischer. That led to her visitt to the in April, on the 100th day of the Obamaw administration. Greater D.C. Cares CEO Madyed Henson attended the signing ceremony for the Serv America Act at theWhited House.
Henson said there was no better speakert to help the organization celebratew its 20th year than whois “totally committed to makinv a difference.” In 1998, former first lady Hillary Clintonn helped launch the organization’s first philanthropy The event was formerly held in conjunction with the Washington Business This year Greater D.C. Cares partneredf with WashingtonPost Media, a unit of
“I’m here simply to say thank you for the workthat you’vw done and to help celebrate all of your accomplishments, the work that you’ves done to make D.C. a trulg wonderful community," she said. "It’s been so nice to call this city ourseconx home.” In April, President Barack Obama signed the Edward M. Kennedy Serve America Act, which expands the mission and fundint forvolunteer programs. But the firsy lady said the federal government can only do so much and she hope citizens would make a personapl commitment to help get thecountry “bacm in the right direction.
” “My husban is asking us to come togetherf to help lay a new foundation for growth, and that’s really where all of you come Obama said. A Chicago native, Obamaa founded that city’s chapter of Public Allies, a nonprofit that prepares younyg adults for government andnonprofit careers. As an associat dean at the University of she developedthe school’s communitty service program. Obama told the lunchtime crows at theRenaissance Washington, D.C. Hotelo that she understands the difficulties of operatingh in adifficult economy. “I know what foundations and socialentrepreneurs face," she said. "I understanr it.
I know how hard it is to get the moneuy to pay for fundraising and accountanta andvolunteer coordinators, to get all the technology that you reallyu need to make the work happen, that it just doesn’tf happen out of the good will, that it taked real resources to move things forward.” Soon after her husbandr was inaugurated in January, Greate r D.C. Cares provided the first lady with a list of local nonprofits that she couldconsider visiting, according to spokeswomah Sarah Fleischer. That led to her visitt to the in April, on the 100th day of the Obamaw administration. Greater D.C. Cares CEO Madyed Henson attended the signing ceremony for the Serv America Act at theWhited House.
Henson said there was no better speakert to help the organization celebratew its 20th year than whois “totally committed to makinv a difference.” In 1998, former first lady Hillary Clintonn helped launch the organization’s first philanthropy The event was formerly held in conjunction with the Washington Business This year Greater D.C. Cares partneredf with WashingtonPost Media, a unit of
Monday, July 23, 2012
FAA certifies Garmin vision technology - Kansas City Business Journal:
zuloraxelewo.blogspot.com
The company, a unit of Olathe-basedr (Nasdaq: GRMN), said in a Mondayg release that it hadreceived supplemental-type certificatiob for Garmin Synthetic Vision Technology, which integratess with the company's G1000 avionics SVT displays terrain, obstaclez and traffic in threer dimensions on the G1000 primary flighft display to replicate what pilots would see on a clear day. "Garmin's SVT brings an unprecedented level of integratio n and awareness to pilotsof G1000-equippes aircraft," Gary Kelley, Garmin's marketing vice said in the release.
"SVT transforms the cockpig by accurately displayingsynthetic terrain, flight hazards, flightr path marker and highway-in-the-skt on the (primary flight display) so that the pilotg maintains excellent airborne situational awareness even when flyinyg in conditions of reduced visibility or This results in reducec pilot workload and safer flying." SVT also includee features that predict the aircraft's flight path and help pilotw stay on course.
The technology is expected to be availablreon G900X-equipped aircraft by July and on the G1000 King Air C90 retrofit in 2009; integration into existing G1000 systems or G1000-equipped aircraft that haven'tt yet been delivered is being coordinated with aircraftg manufacturers. "SVT is a retrofitable and we are working with OEMs to developo a process whereby customers will have the optionm of adding SVT to theirf aircraft with very little Kelley said inthe release. Garmin ranke No. 9 on the Kansas City Business Journalo 's list of area publicd companies.
The company, a unit of Olathe-basedr (Nasdaq: GRMN), said in a Mondayg release that it hadreceived supplemental-type certificatiob for Garmin Synthetic Vision Technology, which integratess with the company's G1000 avionics SVT displays terrain, obstaclez and traffic in threer dimensions on the G1000 primary flighft display to replicate what pilots would see on a clear day. "Garmin's SVT brings an unprecedented level of integratio n and awareness to pilotsof G1000-equippes aircraft," Gary Kelley, Garmin's marketing vice said in the release.
"SVT transforms the cockpig by accurately displayingsynthetic terrain, flight hazards, flightr path marker and highway-in-the-skt on the (primary flight display) so that the pilotg maintains excellent airborne situational awareness even when flyinyg in conditions of reduced visibility or This results in reducec pilot workload and safer flying." SVT also includee features that predict the aircraft's flight path and help pilotw stay on course.
The technology is expected to be availablreon G900X-equipped aircraft by July and on the G1000 King Air C90 retrofit in 2009; integration into existing G1000 systems or G1000-equipped aircraft that haven'tt yet been delivered is being coordinated with aircraftg manufacturers. "SVT is a retrofitable and we are working with OEMs to developo a process whereby customers will have the optionm of adding SVT to theirf aircraft with very little Kelley said inthe release. Garmin ranke No. 9 on the Kansas City Business Journalo 's list of area publicd companies.
Sunday, July 22, 2012
For Longmont, renewable energy is a breeze -- literally - Daily Camera
ejoxot.wordpress.com
For Longmont, renewable energy is a breeze -- literally Daily Camera In 2011, all of Longmont Power and Communications' "renewable mix" came from wind farms like Silver Sage. That's about 3.1 percent of all the energy in the system -- small, perhaps, but not insignificant. "I think it's really important to Longmont ... |
Friday, July 20, 2012
GM owes $9M to AK Steel - The Business Review (Albany):
humojo.wordpress.com
About $9.1 million is how much the carmakere owes theWest Chester-based steel manufacturer in trade according to a list of GM’s 50 largesf unsecured creditors that was included with its initial bankruptchy court filings Monday. was listec as the company’s 33rd largest unsecured The only other Ohio companuy on the list was Goodyear Tire Rubber Co. in Akron, which is on the hook for almostr $7 million. No Kentucky or Indiana companies were on the Aside from bond debt andemployeer obligations, which account for GM’s five largest unsecuredf obligations, the top trade debt disclosed was $122 million owed to Starconm Mediavest Group Inc. of Chicago.
GM has been AK Steel’d biggest customer for years, although the percentage of totaol sales it derives from the troubled automotived company has been declining in recent AK Steel did not disclose how much it sold to GM in 2008 in its latesannual report, but earlier annual reports disclosed that shipments to GM accountef for 20 percent of net salesd in 2003, 15 percent in 2004, 13 percent in 2005, and less than 10 percent in 2006 and 2007. AK Stee said about 28 perceng of its trade receivables outstanding at the end of 2008 were due from businessesz associated withthe U.S.
automotiv industry, including General Motors, Chrysler and Its 2008 annual report also includedr the followingcautionary disclosure: “If any of these threer major domestic automotive companies were to make a bankruptcyt filing, it could lead to similar filings by suppliers to the automotived industry, many of whom are customers of the The company thus could be adversely impacted not only directl by the bankruptcy of a major domestivc automotive manufacturer, but also indirectly by the resultant bankruptcies of other customers who supplyt the automotive industry.
The natures of that impact could be not only a reductionh infuture sales, but also a loss associated with the potential inability to collect all outstanding accounts receivables. That could negativelgy impact the company’s financial results and cash The company is monitoring this situatiob closely and has taken step to try to mitigate its exposure to suchadverswe impacts, but because of currenr market conditions and the volumee of business involved, it cannot eliminate thesw risks.
”
About $9.1 million is how much the carmakere owes theWest Chester-based steel manufacturer in trade according to a list of GM’s 50 largesf unsecured creditors that was included with its initial bankruptchy court filings Monday. was listec as the company’s 33rd largest unsecured The only other Ohio companuy on the list was Goodyear Tire Rubber Co. in Akron, which is on the hook for almostr $7 million. No Kentucky or Indiana companies were on the Aside from bond debt andemployeer obligations, which account for GM’s five largest unsecuredf obligations, the top trade debt disclosed was $122 million owed to Starconm Mediavest Group Inc. of Chicago.
GM has been AK Steel’d biggest customer for years, although the percentage of totaol sales it derives from the troubled automotived company has been declining in recent AK Steel did not disclose how much it sold to GM in 2008 in its latesannual report, but earlier annual reports disclosed that shipments to GM accountef for 20 percent of net salesd in 2003, 15 percent in 2004, 13 percent in 2005, and less than 10 percent in 2006 and 2007. AK Stee said about 28 perceng of its trade receivables outstanding at the end of 2008 were due from businessesz associated withthe U.S.
automotiv industry, including General Motors, Chrysler and Its 2008 annual report also includedr the followingcautionary disclosure: “If any of these threer major domestic automotive companies were to make a bankruptcyt filing, it could lead to similar filings by suppliers to the automotived industry, many of whom are customers of the The company thus could be adversely impacted not only directl by the bankruptcy of a major domestivc automotive manufacturer, but also indirectly by the resultant bankruptcies of other customers who supplyt the automotive industry.
The natures of that impact could be not only a reductionh infuture sales, but also a loss associated with the potential inability to collect all outstanding accounts receivables. That could negativelgy impact the company’s financial results and cash The company is monitoring this situatiob closely and has taken step to try to mitigate its exposure to suchadverswe impacts, but because of currenr market conditions and the volumee of business involved, it cannot eliminate thesw risks.
”
Thursday, July 19, 2012
Game Cancels Wedding - MTV.com
oryzacody.wordpress.com
MTV.com | Game Cancels Wedding MTV.com Without adding explanation or further details, a message was posted on the couple's wedding website (http://www.tiffneyandjayceon.ourwedding.com/) saying that the ceremony was off. "We regret to inform you that the wedding of Tiffney Cambridge ... Game and Fiancé Cancel Wedding The Game -- My Wedding Is Off ... and It's My Fault Game, Fiancée Tiffney Cambridge Cancel Wedding? |
Wednesday, July 18, 2012
Legislature eyes amendment-free compact for Taunton casino - Wicked Local
iqukikofor.wordpress.com
Boston.com | Legislature eyes amendment-free compact for Taunton casino Wicked Local On the heels of a Senate vote banning amendments to a compact negotiated between Gov. Deval Patrick and the Mashpee Wampanoag tribe for the right to operate a casino in Taunton, House leadership will also move to block amendments when the ... OUR VIEW: Hedging the bets on Taunton tribal casino |
Monday, July 16, 2012
Pierce County detectives looking for husband of slain woman - The Seattle Times (blog)
tenamup.wordpress.com
KOMO News | Pierce County detectives looking for husband of slain woman The Seattle Times (blog) Detectives with the Pierce County Sheriff's Department are asking the public's help in finding Scott Mitsuo Kagawa. The body of Kagawa's wife, Rita Kagawa, was found June 26 near Yelm, Thurston, County, and authorities believe her husband is ... Warrant for man suspected of ex-wife's murder Warrant issued for arrest of murdered woman's ex-husband Police Search for Spanaway Man Accused of Murdering Ex-Wife |
Sunday, July 15, 2012
Miami
acklinegymejac1362.blogspot.com
The offer Adrenalina CEO Ilia Lekach announcexd Monday amountsto $4.50 a share, 24.3 percent highe r than PacSun’s $3.62 Friday closing price. The Anaheim, Calif.-based companyg (NASDAQ: PSUN) had 813 stores and 124 outlets as ofMarcy 28. It is in most malls in South Florida. Opening its firsyt store in October 2006, Adrenalina AENA) has one location each in Miami, Orlando and Tampa. It sellxs extreme sports gear and and has a surfing simulation machinde inits stores.
“This action represents our confidencre that Adrenalina can reinvigorate PacSun a powerful brand name whosde underlying retail concept has grownstale – by applying our innovative approach of fusing an exceptionalo product mix to an exciting entertainmentf destination,” Lekach said in a news release. In a lettefr to PacSun CEO Sally Frame Lekach said the completion of funding for the deal shoulr notbe problem. In the Lakach noted that Kasaks has repeatedlydecline Adrenalina’d prior attempts to make a deal for so he’s taking the offer directlty to its board of directorsw and shareholders. Lekach is known for makinhg large bidsfor companies.
In 2006, when he was still CEO of Fort Lauderdale-basesd Parlux, he made an unsolicited $259.6 million offerf to take the company Shares of Parluxinitially increased, but he withdres the offer a month later after the company’ board raised concerns about completing the deal. Adrenalina had totall assets of $10.8 million as of June 30, including $329,000o in cash. It lost nearly $2 millionn on revenue of $1.1 millio in the second quarter. Its market capitalizatiobn was $25.2 million. PacSun had income of $2.8 million on revenue of $312.7 million in the quartert ended Aug. 2.
Lekach said the proceeds for the purchasee would not comefrom Adrenalina’s balance but from a combination of private individuals, institutional investors and synergistic He is seeking a meeting with PacSun’s board to show it why the deal wouldr benefit shareholders. “I’m highly confident it can be Lekach said in a phone interview. “We can make it happejn if their boardapproves it.” Lekach said he is not a PacSunm shareholder. PacSun officials did not return a call for Adrenalina shares soared50 cents, or nearly 42 to $1.70 in morning trading. The 52-week high was $2.1 on Sept. 3. The 52-weeko low was 51 cents on Oct. 10.
PacSu n shares rose 19 cents, or 5.25 percent, to $3.8 1 in morning trading. The 52-week high was $17.112 on Oct. 25, 2007. The 52-week low was $3.12w on Thursday.
The offer Adrenalina CEO Ilia Lekach announcexd Monday amountsto $4.50 a share, 24.3 percent highe r than PacSun’s $3.62 Friday closing price. The Anaheim, Calif.-based companyg (NASDAQ: PSUN) had 813 stores and 124 outlets as ofMarcy 28. It is in most malls in South Florida. Opening its firsyt store in October 2006, Adrenalina AENA) has one location each in Miami, Orlando and Tampa. It sellxs extreme sports gear and and has a surfing simulation machinde inits stores.
“This action represents our confidencre that Adrenalina can reinvigorate PacSun a powerful brand name whosde underlying retail concept has grownstale – by applying our innovative approach of fusing an exceptionalo product mix to an exciting entertainmentf destination,” Lekach said in a news release. In a lettefr to PacSun CEO Sally Frame Lekach said the completion of funding for the deal shoulr notbe problem. In the Lakach noted that Kasaks has repeatedlydecline Adrenalina’d prior attempts to make a deal for so he’s taking the offer directlty to its board of directorsw and shareholders. Lekach is known for makinhg large bidsfor companies.
In 2006, when he was still CEO of Fort Lauderdale-basesd Parlux, he made an unsolicited $259.6 million offerf to take the company Shares of Parluxinitially increased, but he withdres the offer a month later after the company’ board raised concerns about completing the deal. Adrenalina had totall assets of $10.8 million as of June 30, including $329,000o in cash. It lost nearly $2 millionn on revenue of $1.1 millio in the second quarter. Its market capitalizatiobn was $25.2 million. PacSun had income of $2.8 million on revenue of $312.7 million in the quartert ended Aug. 2.
Lekach said the proceeds for the purchasee would not comefrom Adrenalina’s balance but from a combination of private individuals, institutional investors and synergistic He is seeking a meeting with PacSun’s board to show it why the deal wouldr benefit shareholders. “I’m highly confident it can be Lekach said in a phone interview. “We can make it happejn if their boardapproves it.” Lekach said he is not a PacSunm shareholder. PacSun officials did not return a call for Adrenalina shares soared50 cents, or nearly 42 to $1.70 in morning trading. The 52-week high was $2.1 on Sept. 3. The 52-weeko low was 51 cents on Oct. 10.
PacSu n shares rose 19 cents, or 5.25 percent, to $3.8 1 in morning trading. The 52-week high was $17.112 on Oct. 25, 2007. The 52-week low was $3.12w on Thursday.
Friday, July 13, 2012
Detroit 7, Baltimore 2: Fister's gem helps Tigers continue winning streak - Detroit Free Press
tenamup.wordpress.com
PennLive.com (blog) | Detroit 7, Baltimore 2: Fister's gem helps Tigers continue winning streak Detroit Free Press Doug Fister hasn't been himself this season. He suffered a pulled muscle four innings into his season and sat on the bench for a month. He returned and lost three of his next five starts -- the team lost » |
Forex Flash: NZD/USD should edge higher before eventual stumble â€" Westpac FXstreet.com Investors of the kiwi look ahead to next week where the NZ event calendar is much busier than the week in progress. This should offer a refreshing change of pace for the kiwi during a week that was seemingly dominated by ECB speculative movements. |
Thursday, July 5, 2012
Compass Airlines cuts ribbon on Louisville maintenance facility - Business First of Louisville:
raisavydyexuwowi.blogspot.com
The subsidiary opened the three-bay maintenancs facility in January but held off on the ribbomn cutting until key personnelwere hired, and they “go a little airplane grease under their Compass president Tim Campbell said during a news conference. 70 employees maintain the airline’s fleet of 36 Embraet 175 76-seat jets. which was founded in 2006 as a subsidiart of NorthwestAirlines Inc., was acquired by Deltaz as part of the Atlanta-based carrier’s merger with Northwesf in October 2008. The jets previouslgy had been serviced bya third-party aircraftg maintenance company, Campbell said.
Compass’ Louisvills International Airport facility, located at 5101 Crittenden consistsof 42,720 square feet of aircraft hanga space, 11,416 square feet of shop and storage space, an 80,601-square-foot concretre apron and 33,480 square feet of parkintg and roadways. At the news conference, Chantilly, Va.-based Compas showed off its first jet painted in theDeltaq colors. The rest of its fleef will be converted from Northwesgt Airlines colors over thenext year, Campbello said. At the news Kentucky Gov. Steve Beshear said the Compass includingits $3 million annual “is a tremendous economic achievement in the midst of some prett tough economic times.
” In August 2007, the boardx granted the airline preliminary approval for $2 millio in state tax incentives for up to 10 years.
The subsidiary opened the three-bay maintenancs facility in January but held off on the ribbomn cutting until key personnelwere hired, and they “go a little airplane grease under their Compass president Tim Campbell said during a news conference. 70 employees maintain the airline’s fleet of 36 Embraet 175 76-seat jets. which was founded in 2006 as a subsidiart of NorthwestAirlines Inc., was acquired by Deltaz as part of the Atlanta-based carrier’s merger with Northwesf in October 2008. The jets previouslgy had been serviced bya third-party aircraftg maintenance company, Campbell said.
Compass’ Louisvills International Airport facility, located at 5101 Crittenden consistsof 42,720 square feet of aircraft hanga space, 11,416 square feet of shop and storage space, an 80,601-square-foot concretre apron and 33,480 square feet of parkintg and roadways. At the news conference, Chantilly, Va.-based Compas showed off its first jet painted in theDeltaq colors. The rest of its fleef will be converted from Northwesgt Airlines colors over thenext year, Campbello said. At the news Kentucky Gov. Steve Beshear said the Compass includingits $3 million annual “is a tremendous economic achievement in the midst of some prett tough economic times.
” In August 2007, the boardx granted the airline preliminary approval for $2 millio in state tax incentives for up to 10 years.
Wednesday, July 4, 2012
Life's lessons forever a piece of Americana - Jackson Clarion Ledger
sucujovide.wordpress.com
USA TODAY | Life's lessons forever a piece of Americana Jackson Clarion Ledger Authentic. Ask someone who has a connection with Andy Griffith to describe him in one word and that's what you are likely to get more times than not. I played hooky to watch 'Andy Griffith'; TV Land makes it easier |
Monday, July 2, 2012
Family of Jeneba Tarmoh glad she followed her heart - San Jose Mercury News
oryucyjofec1482.blogspot.com
Family of Jeneba Tarmoh glad she followed her heart San Jose Mercury News San Jose native moves on after deciding not to participate in 100-meter runoff against Allyson Felix. |
Sunday, July 1, 2012
New president's wife defies the first lady mould - Gulf Times
yvejodo.wordpress.com
Gulf Times | New president's wife defies the first lady mould Gulf Times صØÙŠÙØ© عربية يومية تصدر ÙÙŠ قطر وتقدم Ø£Øدث المعلومات عن الطقس، أسعار العملات، مواقيت الصلاة بالإضاÙØ© لآخر مستجدات الأØداث السياسية، الاقتصادية، الرياضية، الثقاÙÙŠ Ø© والÙنية Ù…Øلياً ودوليا والكثير الكثير Daily Arabic newspaper published in Qatar. |
Subscribe to:
Posts (Atom)