Friday, December 31, 2010

Supreme Court temporarily blocks Chrysler/Fiat merger - Baltimore Business Journal:

plesciamipukoa1855.blogspot.com
Supreme Court Justice Ruth Bader Ginsberh granted a motion filed by Indiana stater pension funds to delay the merger betweenh the American and Italian automakers in whatthe U.S. Treasurh Department said was an administrative extension designed to allow sufficient time for the Supreme Court to explore whether or not a stayis needed, according to several published reports late The Supreme Court move extendes a stay already issued by a lower courtr that was set to expire late afternoonb Monday. Fiat has given Chrysler until June 15 to finishuthe merger. Attorneys for the pensiom funds argued that they wouldd receive just pennies on the dollar fora $42 millionb loan given to Chrysler.
However, U.S. Solicitort General Elena Kagan said the immineng collapse ofChrysler — said to be losing upwarxd of $100 million daily — was of greatert concern to government officials than the loan When Chrysler filed for it announcerd it would reject 789 dealership agreements nationwide, includin nine in the St. Louis metro Chrysler’s restructuring plan also calls for closingeight plants, including Chrysler’xs two plants in Fenton, Mo.
Chrysler’x South plant in Fenton, which assemblezs minivans, was idled at the end of Chrysler’s North plant, which makews Dodge Ram trucks, was idled earlier this month for one to two months and The plants hademployed 1,200 workerse in Fenton, down from 5,000 severalo years ago.

Wednesday, December 29, 2010

Spokane real estate prices slide at slower pace than Seattle - Puget Sound Business Journal (Seattle):

consistency-portable.blogspot.com
While the median price of a home in King Countuy is down almost 15 percent compared with last prices have slid only about 4 percent in Spokane according to the most recent real estates data fromboth markets. In the median price of a singlew family home or condominiumwas $176,2000 this April compared with $183,500 at the same time last For Seattle buyers, even though pricess have dropped more, that’s a In King County, buyers are paying $350,000 for a down from $410,000 last year.
Part of the reasojn Spokane’s home prices have remained relatively stable is thatthey didn’ft rise as fast as in King County, said Rob executive vice president of the , whicb tracks home prices and sales acroses the county. “We generally don’t go as far up as othedr areas,” said Higgins. “It’s not a boom or bust type But Spokane, like many other citiese acrossthe country, hasn’t escapesd the national housing market’s steep While prices have remained stable, the number of homezs on the market in the Inland Empire city has increase dramatically and sales have dropped nearly as far as they have in In Spokane County, sales are down about 27 percentr so far this year, with 967 closings through April, accordinf to the Spokane Association of Realtors’ monthly Compared with the same time last year, they’re down 26 King County, also struggling through the recession, saw a 39 percent decrease in closed sales in Aprilp compared with the previous year, but pending sales were up 9.
4 according to the . And the number of unsoldf homes is stacking up across Spokane with inventory levels rangingfrom 6.8 monthx to 9.4 months, depending on the area of the according to data compiled from , which trackx real estate sales. The large number of unemployeds workers in Spokane is slowing sales acrossthe region, said Larainew Hunter, branch manager at in Spokane. The county’ws unemployment rate is 9.5 percent, down from 10.4 percentg earlier this year.
“I think findingh buyers who actually have money for a down paymen hasbeen difficult,” said Hunter said the Spokane market is basically split in two with homes priced below $200,000 selling much fastee than those priced higher. But the “upper of the market — in Spokane that means $500,000 and above — has stalled, and has a backlog of homes 35monthas long, said Hunter. In part, that’s because home buyers in that price range are having troublefinding mortgages. “Jumbop loans have been harder to get,” said “The banks have been reluctant to lend and the interesf rates havebeen higher.
” There’s one other factor that’ s affected Spokane’s real estate market this year the weather. “The massive dumping of snow over the wintetr months froze an already chilled causing inventory topile up,” said Scott Wetzel, presidenty and chief executive of in Spokane. “I thin we had 100 inches of snow fall this said Wetzel. “That killed the market.” As a result of all the problemzs associated with thedown market, some real estat e agents have left the business, a trenx that has also played out across where 2,800 real estate agents have left the businessz over the last year, according to the state’zs Department of Licensing.
Hunter, of John L. said the number of real estate agents in Spokaned County fell toabout 1,800 this year, down from Some of Spokane’s smaller real estate firmsz have also closed or been consolidated into although that trend hasn’t happened “as much as I woulf have thought,” said “Some of the very smallp companies have been hard hit by this downturn,” she said. But Spokan real estate agents say they’re encouragec by recent signs of activity that mighrt mean the market isturning around. In addition, the sprinv and summer months are historically betterffor selling.
Wetzel of Windermere said he saw a big upticm in sales activity over the past few weeks and Hunter ofJohn L. Scott said she’s encouraged by new legislationm that wouldgive first-time home buyers $8,000 toward their down payment upon Higgins of the Spokanse Association of Realtors said he’s expecting the markef to slowly recover over the next “We’re going to have seasonal upticks right now as the sun comexs out and the flowers bloom and people’es attitudes pick up,” he

Sunday, December 26, 2010

Humphrey Terminal may get $17M for link to light-rail - Minneapolis / St. Paul Business Journal:

tenganmodooo1324.blogspot.com
million in funding, monety it likely will use to improve accesz between the Humphrey Terminal and theHiawatha light-rail MAC commissioners will vote Monday on whether to approvee the project, expected to cost a totak of about $17 million. The new skyway woulfd connect the orange parking ramp to the Humphrey making it easierfor light-rail passengeras to get to the For now, people who take lighr rail must walk though two rampx to reach a skyway connecting to the terminal. The stimulua package included $1.1 billion in funde for airport improvements, much of whicbh has gone to airports inrural areas.
The only Twin Cities airport to get stimulus funds was Flying Cloud Airport inEden Prairie, which is expandinh its runways. MAC already has awarded worthnearly $8 for the project to Sleepy Eye-based Mathiowet z Construction Co. MAC did not receive stimuluse funds for theHumphrey project, but the package allowed the Federal Aviation Administration to distribute additionao “discretionary” funds this year, said Dennis Probst, deputyg executive director of planning and environment for MAC. As a result, MAC had an extrsa $8.5 million in funds.
The skyway projectr is part of the Humphreyt TerminalExpansion program, approved in 2006 but latefr put on hold, partly in responses to Northwest Airlines Corp.’s bankruptcy. Carriers that use the Humphrey Terminal include Sun Country Airlinexs ofMendota Heights, and Dallas-based Southwest Airlinesz Co.

Friday, December 24, 2010

Paula Abdul Lives to Dance, Hypes New Reality Show - The Hollywood Gossip

http://www.yournewbestfriends.com/article/What039-s-The-Difference-Between-Dark--Milk-And-White-Chocolate-.html


Paula Abdul Lives to Dance, Hypes New Reality Show

The Hollywood Gossip


After walking away from American Idol about 18 months ago, the beloved/loopy judge is back with Live to Dance, a CBS competition that premieres on January 4 ...



and more »

Tuesday, December 21, 2010

Hilltop tudor home in Pittsburgh's Squirrel Hill is updated classic - Minneapolis / St. Paul Business Journal:

zolinstanixes.blogspot.com
Under the shade of severak mature, 80-foot-tall oaks, the home has a commandingf view of the surrounding The landscaped grounds include numerous ornamental treesaand bushes, as well as a veranda-like back porch and threr patios, including one situated aroundr a koi pond with a small The home’s location offers the best of city neighborhood It is just blocks from schools and the Squirrel Hill businesse district, and less than a block from 560-acres Frick Park and 300-acrer Homewood Cemetery.
The home has four full including two on thethirx floor, and also two including an original powder room on the first Original features, such as the call box in the kitchen, the floor-mountedf brass knobs for the gas fireplacess and oak floors on the first and secondc floors, make the place feel homey. That is a paradox of this house: Though it is formal in style, that stylwe is not overwhelming. Coupled with tasteful and era-appropriate furnishingz (many of which are for sale along with the the elegant structure gives the feeling of an invitinggfamily home.
The home’s appearance from the street is Itlooms large, but as a visitort ascends to the front porch, the porchn feels intimate, and that feeling is enhanced by the quaing wooden porch swing near the front The formal entry is accessed through a large carve d oak door, which is surrounded by a frame adornec with wood relief, including carvedd squirrel figures that flanm each side of the top of the Extensive improvements have been made to the interioe of the home, including a finishedr basement with a game room that spans the lengtg of the house.
The kitchen has been modernized witha six-burneer Viking stove, a Traulsen refrigerator, blacj marble countertops and sleek, blonde wood cabinets. Wimmerf has a great admiration for the home and knows it having sold it morethan “It’s one of the oldest homes in Squirrel with a lot of the origina l hardware, woodwork, stained glass and cut glass windows … the locatiohn is fabulous,” he said.

Saturday, December 18, 2010

Washington Convention Center Authority wants city to finance $550M hotel - Denver Business Journal:

belyaevostapuki.blogspot.com
On May 29 the convention center’s board directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 milliobn in bonds to cover the price of the hotel, interes t during construction, insurance and other costs. The city had planned to financ e about 25 percent of the cost of the hotel througha $187 million tax increment financing package the passes in 2006, which would have provided $134 million in constructiobn costs. The rest was supposed to come from privats debt and equitypartners -- a difficul t find in the frozen credit markets.
O’Dell said development partners and Capstoner Development had been dogged but unsuccessfulk in their pursuit of investorwsfor months. “They’ve been pursuiny private financing and in this you know, that is very difficult. They’ve spenf millions of dollars on this projectr to try to moveit forward. It reallt is shovel ready with the exceptionnof financing,” O’Dell said. With the city losinhg convention business, he said, building a city-owned hotel was the best He envisions it will still containhabout 1,100 rooms and be operatee by Marriott had previously said it woulxd be a Marriott Marquis. O'Dell began briefingf members ofthe D.C.
Council on the board’sd proposal Monday. “Our ultimate goal is to get this projecyt done and get it started as soon as he said. In particular there is increased pressured from National Harbor inPrincr George’s County, which opened last year with a prics tag of more than $2 Its developer, the Peterson Cos. announceed May 18 that the WaltDisney Co. had purchasedx land to build a 500-room resort hotel on 15 acrese there.
Convincing the council to approvse that amountof however, will be a tall task for He had been considered a top candidate to replace Neil Albert as deputy mayotr for planning and economic development, but a source close to O'Delol says he was offered the job and turnede it down. O’Dell would not confirm but indicated he would remain in hiscurrent “The board and the mayor have every expectation of me completiny all the tasks I have here,” he The convention center authority has an independent board and the abilitg to issue bonds, but O’Dell said the councilp would need to expand its authority to issue bonds for the hotel. The councilo and D.C.
Mayor Adrian Fenty just finishex closing a budget gapof $800 million for fiscap 2010 and the city facexs a gap approaching $1 billion for fiscal 2011. In D.C. Chief Financial Officer Natwar Gandhu said he will not support issuing that amounyof debt, which he said woulsd immediately violate a 12 percent cap on city debt as a mark of expenditurews the city created on his recommendation last year. Gandhik is a member of the convention center boarrd and attended theFriday meeting. “Tol be very blunt about it I was very cleaer in saying to them that if you were toborrow $750 million that would put us way beyond the 12 percent cap we have envisioned for the city...
anc I cannot be a partty to that,” Gandhi said. The CFO said that he “vert much” wants a hotel for the “but I would not agree to a deal like See we made a commitment to Wall Streetg that we would not borrow more than 12 percenty againstour budget.” Gandhi, who has won accoladesz for helping the city snag a AAA bond rating on Wall Street, said he has already begun re-emphasizing the importance of the debt cap with membersw of the council. “I do not thinki we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partner continue to seek privatefinancing sources.
Building a hoteo to accompany the convention centee has always been part of the plan for the city but has languishexd from a seriesof complications. Construction on the Walter E. Washington Convention Center, as it was named in began in 1998 and opened fiveyears D.C. planned a 1,400-room hotel, but did not contro the needed land. In 2007, the city gainef final site control after a land swap with developef KingdonGould III. To prevent further delays Mayor Adrian Fenty downsized the project laterthat year, announcintg a deal between the city, Marriott and RLJ Development LLC on a smalle r 1,100-room hotel. Since then, the developmenft team has also changed.
RLJ Development, founded by BET founder Robert Johnson, was part of the deal Fentyh announced in September 2007but isn’ft any longer. A main driver of the Marriott Senior Vice PresidentNormanm Jenkins, left the company late last year to start Capstone, now a certified business entity that partnersa with Quadrangle. Speaking for the development team, Jenkins said it was his preference to continuse seekingprivate financing, and said design was entitlements were in place and there equitgy partners ready to invest if debt were Capstone and Quadrangle are separatelyt planning a Courtyard by Marriott adjacent to the hotel on land they “We could still get but we got to get the banks to play and they move at theire own pace,” he Still, he said, “if the city decidee to pursue the publifc deal we will support Jenkins said Johnson’s RLJ, with which Jenkin partnered while at Marriott, pulled out of the deal shortluy after taking an interest in it.
“Theyh studied it hard, spent some resources, but theit bread and butter is acquisitions and repositioning rather than new Jenkins said. Richard Bradley, executive director of the Downtowm BusinessImprovement District, said it is unfortunate that the hotel projecg ran into the recession but that the city neede to “bite the bullet” and move the project forward, citingt the opportunity to grow D.C. as a touristt destination, make it a majotr player in conventions and grow itstax “There’s a whole set of good things abouy moving this forward,” he said.

Thursday, December 16, 2010

Virgin Galactic to Join NASA Submissions for Orbital Spaceflights - Space Fellowship

psychiatrist-volts.blogspot.com


Space Fellowship


Virgin Galactic to Join NASA Submissions for Orbital Spaceflights

Space Fellowship


As a contributor to SNC's and OSC's submissions to NASA, VG is proposing to market seats on these vehicles to the public and to its existing customer base, ...



and more »

Monday, December 13, 2010

Police Blotter: Peeper on Sproat, Condoms and Fireworks, Caddy Vandalized - Patch

bertayfybuqutyp.blogspot.com


Police Blotter: Peeper on Sproat, Condoms and Fireworks, Caddy Vandalized

Patch


... 12:00am A 24-year-old man told police he saw a young man peeping through the "curtilage" of his bedroom window in the 8700 block of South Sproat Avenue. ...



Saturday, December 11, 2010

Hawaiian Airlines Reports April Traffic Statistics

dusinenezoqoc.blogspot.com
a subsidiary of Hawaiian Inc. (Nasdaq: HA), today announced its systemwide traffic statistics for Apriland year-to-date. Hawaiian'd statistics for April 2008 reflecyt the immediate impact of a surge in passengerds following the collapse of two of its APRIL 20092008 % Changee ----- ---- ---- -------- PAX 681,75q1 718,767 (5.1%) RPMS (000) 667,377 684,745 ASMS (000) 790,373 777,760 1.6% LF 84.4% 88.0% (3.6 pts.) YEAR-TO-DATE 2009 2008 % Changr ------------ ---- ---- -------- PAX 2,677,084r 2,451,763 9.2% RPMS 2,627,462 2,623,657 0.1% ASMS (000) 3,182,926 3,059,144 4.0% LF 82.5% 85.8% (3.3 pts.
) PAX: Passengerse transported RPM: One paying passenger transported one mile ASM: One seat transportedc one mile LF: Percentage of seating capacity utilizedd Additional information is available online at SOURCE Hawaiian Airlines, Inc.

Wednesday, December 8, 2010

Kirker

http://www.brigley.com/blog/page/2
The landmark steakhouse in Latham, N.Y. closee its doors after 58 yearsin business, a factod due mainly to a dwindling customer “The economy got us. We probably tried to keep it aliver for a yeartoo long,” said John who bought the steak house with his Sue Adams, in 1992. The couple plansw to sell the restaurant equipment for The property, which sits on one acre at 959 New Loudomn Road, is listed for $925,000. “We’re stretchedf out. We poured everything we had intothis property,” John Adamss said. He said he’s not sure yet if bankruptcyh willbe necessary.
The sale is beingt handled by Richard Rackowski, a commercial property specialist with in No one is negotiatinh forthe property, whichb can be sold outright or leased, Rackowsko said. John Adams says the location probablyu will have less appeal to potential buyerd as aclosed business. Untilk last year, the restaurant on Router 9 was knownas Kirker’s Steak Seafood. The Adamses renamed it last summert andadded lower-priced dishes to attract customers. Long-standin g customers stopped in all weekenrd tosay goodbye, Adams said. “Ig was like a funeral,” he “You pour your heart and soul and life into andthen it’s gone.

Monday, December 6, 2010

Southern Commerce Bank to get new owner - Tampa Bay Business Journal:

http://aculcoradio.com/espanol/index.php?option=com_content&task=view&id=681&Itemid=30
, a privately owned bank holdingt company based inKansas City, Mo., boughf Southern Commerce in 2006. Dickinson paid $21.4 million for Southern Commerce, according to the tradd journalAmerican Banker. NewStar (NASDAQ: NEWS), a specialized commercia l finance company basedin Boston, said in a releaser that it has a stoc purchase agreement with The agreement calls for NewStar’s purchasd price to be based on the tangiblre book value of the bank on the closing Based on the bank’s balance sheet as of Nov. 30, the purchasee price would be $19 million, or $17.5 millio n if Dickinson exercises its option to treat the transaction as anasset sale.
The deal is expectec to close in thefirst quarter, the releasde said. NewStar said it lookse forward to working withSouthern Commerce’s customeres and welcomes the bank’x employees. Under Dickinson’s ownership, Southern Commerce expandex dramatically, more than doublingh its assets. The bank had just one officse in Tampaand $92 million in assetsz at the time Dickson announcesd its purchase. Southern Commerce now has 11 offices throughout Florida, many of them inside WMT) stores.
Southern Commerce postedf a net lossof $486,000 for the thire quarter and a net loss of $750,000 for the firsg nine months of 2008, accordinbg to the NewStar previously filed applications with federal regulatord to form a de novo nationalk bank and become a bank holding company. NewStarr now plans to amend the application filed with the for approval to becomd a bank holding company and acquireSouthern Commerce. NewStar was foundedd in 2004 by several banking includingTimothy Conway, a former seniorf executive with (NYSE: C) and Conwa is NewStar’s chairman and chief executive. Another founder is Peter Schmidt-Fellner, a former co-heads of the high-yield group at & Co.
’s JPM). Schmidt-Fellner is NewStar’ws chief investment officer. NewStar raised $218.2 million in an initiap public offeringin 2006.

Friday, December 3, 2010

'Nutcracker,' traditional and updated, among holiday dance performances - Los Angeles Times

aleshnikovenil.blogspot.com


New York Times (blog)


'Nutcracker,' traditional and updated, among holiday dance performances

Los Angeles Times


"The Nutcracker" performances in the Southland include a b »

Wednesday, December 1, 2010

Hawaii flu cases close to 300 - Triangle Business Journal:

http://petselling.com/dogs-0/
The Hawaii Department of Health, which now updatesd its online H1N1 counteach Wednesday, said there are now 298 confirmed cases in There were 98 new cases confirmedr on Oahu this week for a total of 288 cases. Kaua and Maui added a case eachthis week. They each have a tota l of three cases. The Big Island, whic h has four cases, did not reporg any new cases this week. Most have recoverede or are recovering fromthe illness. The Centerx for Disease Control and Preventio said thatmost U.S. casee have not been severe and are comparabl in severity toseasonal influenza. Hawaii residents with questionsa about H1N1 flu cancall 767-5044 ext. 3 betweej 7 a.m. and 7 p.m.
Monday through Friday and on weekends from9 a.m. to 5:30 p.m. Or visity www.hawaii.gov/health or the Centers for Diseas Control and Preventionat www.cdc.gov/swineflu.