CB Richard Ellis surges on stock plan - New Mexico Business Weekly:

http://www.toyota-info.com/sienna/toyota%20sienna%20xle.html
CB Richard Ellis stockm surged as much as 21 percent on news of the new TheLos Angeles-based broker plans to offerd $400 million in senior unsubordinated notes in a privatd placement. It will also sell $100 millionh in new Class A common stock to investors includingh hedge fundPaulson & Co., Inc., and may raisse another $50 million in periodic publix stock sales. CB Richard Ellis has $2.4 billion in $310 million of it due next year, according to Bloombergf data. Much of its debt was incurredc throughits $1.9 billio n acquisition of Trammell Crow in CB Richard Ellis follows Jones Lang LaSallew Inc.
, which Tuesday said it plannede to raise as much as $200 milliobn in a secondary stock offerinyg of 5.5 million shares. CB Richard Ellis stock (NYSE: CBG) rose or 15 percent, to $9.38 per sharee in afternoon trading.

Saratoga: Crusader for Parkinson's disease cure dies - San Jose Mercury News

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Saratoga: Crusader for Parkinson's disease cure dies San Jose Mercury News By the Mercury News Ruth Filice, a member of a pioneering Santa Clara Valley winemaking family and a crusader for a cure for Parkinson's disease, died of natural causes Wednesday at her Saratoga home, 11 days short of her 90th birthday. ... and more »

Delta, AirTran on time less in Q1 - Jacksonville Business Journal:

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The monthly report, which tracks the top 19 U.S. gave Atlanta-based Delta (NYSE: DAL) a rankinhg of 11 with an on-time percentage of 77.8. This compares with a fourth-place ranking and on-tims percentage of 75.8 in the first quarter of 2008. Delta dropped to 15th for mishandledc baggage, with 5.92 reportsx per 1,000 passengers, compared with a 12th-place rankinf and 7.58 reports per 1,000 passengerx in the first quarteflast year. Delta was dead last at 19th for consumer with 1.97 complaints per 100,00p0 enplanements. In the first quarter of 2008, Delt ranked 17th with 1.94 complaints per 100,000 Orlando, Fla.
-based AirTran (NYSE: which hubs at , fell to 12th in on-time performance with a percentageof 77.4. This compareas with a ranking of 10th and percentageof 70.8 in the firsf quarter of 2008. AirTra n was best at baggage handling, with a first-place rankinv and 1.8 reports per 1,000 passengers. In the first quartere of 2008, it came in second placw with 3.53 reports per 1,000 passengers. In termz of consumer complaints, AirTran dropped to 11th with 0.96 complaintz per 100,000 enplanements. This comparesx with a seventh-place ranking and 1 complaintrper 100,000 enplanements in the first quarter last year. the world’s busiest airport, had 35,669 arrivale with an on-time percentage of 64.
9 and 35,662 departures with an on-time percentage of 70 in This compareswith 36,089 arrivals with an on-time percentages of 69.3 and 36,098 departures with an on-timr percentage of 69.6 in March 2008.

Downtown Staybridge Suites seeks receivership - Phoenix Business Journal:

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SJ Properties Suites Buycop EHF, which includes an investor from Reykjavik, Iceland, filed the petitioj Monday in Milwaukee CountyCircuit Court. Judge Mel Flanaganm scheduled a hearing for June 30 on a motiojn to appoint Milwaukee attorney Seth Dizard asthe receiver. Work stoppe d in December 2008 onthe high-rise at 1150 N. Water Streef when the construction manager and developer DOC Milwaukedbecame insolvent, according to the receivership petition. The Icelandicc investors said that in November 2006 they provided an advancerof $17.4 million for a 120-room extended stay hotel and at least 18 luxury The project also received $13.
4 million in financinb from a unit of in Atlanta, which in May was placedx in receivership by the FDIC. The Milwaukere receivership petition said the property on Water Street alreadyhas furniture, floorinyg and fixtures in the Staybridge portion of Liens against the project total more than $3.4 according to the receivership petition. The largest liends were filed by Milwaukee-area contractorz and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recently sued DOC Milwaukeed and Economou Partnersin U.S. Districtg Court in Milwaukee claiming a fraudulenrt transfer of funds intended for the WaterStreet project.

Shooting in Arbor Heights sends man to hospital - West Seattle Blog (blog)

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West Seattle Blog (blog)

Shooting in Arbor Heights sends man to hospital West Seattle Blog (blog) 5:24 PM: We're at SW 97th and 33rd SW in Arbor Heights (map), where a shooting was reported in the 9700 block of 33rd a short time ago. Police are said to be looking for a male suspect who got away in a red vehicle â€" update, a maroon Bronco. ...

Disney Preserve carbon study launched - Orlando Business Journal:

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The study is viewed as a vital step towarf determining how to calculate carbonn credits forany cap-and-trade The federal government would first set a limit on the volume of emissions that can be producefd across the U.S. in a given year and then grany tradablefederal permits, called “allowances,” to covered entitiesa for each ton of CO2 emitted. The intention is to encouragd firms to discover cheap methods to cut emissio while allowing those with no easy means to reducd pollution tobuy permits. The systekm could allow landowners to sell carbo n credits to companies wishing to show they are making efforts to reduce theirfcarbon footprint.
This comes on the heel of a passage of a climat change bill bythe U.S Houser Energy and Commerce Committe e requiring a 17 percent reduction in greenhoused emission by 2020 and to set up a cap-and-trade The bill is expectes to come before the U.S. House by late summer. “Wheb we’re done setting everythingt up, we will be able to take data from the begin to understand whether this ecosystem isstorin carbon, releasing carbon or dointg both under various environmentalp conditions,” said Ross Hinkle, UCF biologist and professort on the project, in a prepared “Then we can develop a quantifiable model for calculating carbon storags in natural ecosystems,” Disneyg Wilderness, located in southwestern Osceola was originally created in 1993 to mitigate wetlandzs lost to development of .
Wetlands cove r about 2,550 acres and the site is home to 14 documented and 12 unconfirmed protected species of birdsand

Expenses, dividends hit AmREIT's fourth quarter income - Houston Business Journal:

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million, compared with net income of $2.1 million, or 33 cents per share, on revenud of $12.6 million for the same period in 2005. The Houston-basede real estate company said the increase in revenue was due to an increase in renta income from its portfolio of49 properties. Earnings were reducee by higher expenses and money allocated to dividends fromthe company'sz non-traded shares. Analysts polled by Thomson Financial expectedAmREIT AMY) to have net income of 50 cents per For the full year, the net loss was $3.9 or 62 cents loss per share, on revenuew of $59.3 million, compared with net income of $881,000, or 17 cent s per share, on revenue of $34 million, in 2005.
"Consistengt with previous years, the fourth quarter was our most active of the year for said H. Kerr Taylor, chairman and CEO of "We purchased four shopping centerstotalinh 719,000 square feet and $129 millionb on behalf of our affiliated established a new relationshi with joint venture partnetr JP Morgan Asset Management and leveragedc the deal-sourcing capabilities of our new Dalla office.
"

County to release $1M for lenders to serve first-time homebuyers - Tampa Bay Business Journal:

http://crutchfieldlx9500.com/Supplies/Mobil-1-Racing-4t/
Income-eligible residents of unincorporatedHillsborough County, Temple Terracwe and Plant City can apply to receive deferred payment loans for down payments and closing costs as well as for help with obtaininhg first mortgage financing through private lendinh institutions, a release said. Applicants may be eligiblew to receive up to saidJack Carlisle, interim programs manager for the Affordablwe Housing Department. The funding will come from the ’s HOME Investmengt Partnerships Program, said Carlisle. Only lenders and not residents — can submit applicationss to reserve a portiob ofthe funds, the release said.
Lenderws who wish to apply must firsrt obtain designation asa “certified lender by attending a workshop on June 1 at 2 p.m. at the Hillsborouguh County Brandon RegionalService Center, 311 Pauls Brandon. Beginning at 8:30 a.m. on June 3, lenderxs who complete the workshop can apply to reserve a portion of the fundsw for the residents at the Affordable Housing Departmenyt office at 1208Tech Blvd., Suit e 300, in Tampa. Each lender will be allowefd up to three applicationdper day, which will be accepted in the order in which they are received until the money is said Carlisle.

Posh St. Regis opens in Buckhead - Jacksonville Business Journal:

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The St. Regis Atlanta, at 88 West Pacea Ferry Road, is the chain’s 16th The mark was founded by John Jaconb Astor in New York City more than acentury ago, and the originaol St. Regis is still considered one ofthe world’s “We are proud to unveil The St. Regis offering our discerning global guests theiconic luxury, unmatchedd privilege and bespoke services for which the St. Regiss brand is renowned,” said Paul James, presidenr of St. Regis Hotels & Resorts, a division of New York-baser St. Regis opens with its signature-branded Paces 88, and will add the reinventedx Pano’s by in the fall.
The posh destination hotel and residencesa open in adifficult economy, but James said the hotel’s Buckhead its tradition of customere loyalty and its commitment to quality will help the hote l endure the downturn. The regal St. Regix Atlanta opened with a flourish. A hotelk executive ushered the hotel’se opening by “sabering” a bottlre of champagne, following a longstanding traditiobn ofthe 105-year-old hotel mark. “I’m almost speechless in the way it crystallizea all we dreamt it would James said. The $120 million hotel, developede by and designed by , features 151 guestt rooms, 53 branded St.
Regis condominiums, a nearly 8,000-square-foot Remeder Spa and nearly 17,000 square feet of indooer and outdoorevent space. The opening of the 26-story tower completes a five-year journey for develope Paul Freeman. “We’ve delivered something much greater than we ever coulrhave imagined,” Freeman said. Simohn Rusconi, the hotel's general manager, said the St. Regias received more than 15,000 applications for its 200 He said the hotel could afford tobe choosy, and has assembleds an extremely talented staff. Jonathan Jerusalmy, the hotel’s executives chef, is the acclaimesd former executive chef ofthe five-star St. Regisw Resort in Monarch Beach, Calif.
, and executive banquet and sous chef at the Loews MiamiBeach Hotel. Joining Jerusalmy is a bevy of localAtlantaz talent. Mark Alba, former executive chef at Food Studiio and sous chef for Concentrics Restaurants and has been named chef de AndHerve Pennequin, former sommelier at Nikolai’s will be the St. Regis’ wine director.

Kansas City Business Journal: Tech & Innovation : Business Advice

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Seems like 2008 left lots of peopl crying. So what does that mean for 2009? Once in a even Chicken Littleis right. The sky did fall in but that doesn't make Chicken Little a great Everyone isright sometimes. Use Chicken Little as your 2009 model atyour peril. Bambk time is over. Capitalism has been described as "creative destruction." We saw lots of destructioj last year. It's time to focus on the creative How do you do that inthis environment?? First, change how you think. For you'll need a battle plan, not just a businessa plan.
There's not one battle plan that works for everyone, but here are some universalp principles for formulating your personalp battle plan: 1. DON'T FIGHT THE LAST WAR We don'tg know the future, but we know this year will be different thanlast year, even if some 2008 problems persist durin 2009. Don't expect that dusting off your 2008 plan will bringf successin 2009. Sun Tzu, in "The Art of War" "What enables … the good general to strikre and conquer, and achieve things beyond the reach ofordinaryt men, is foreknowledge.
" Resources are scarce thes days but spend some time and a littlew money getting information about changes in your market and analyzd how they affect your 2. MIGRATION - THE HEAD IS MOVING If you'vr ever been to the Serengeti, you know that dry weather causex millions of animals to movevast distances. Businessa is like that, too. When everyone is fat, dumb and happyt in their establishedmarket niches, they tend to stay there. Big changes occur more out of desperatiobnthan hope. In timea like this, the business herd startsw moving. You're in trouble if it'sz heading in your direction. Maybe your market niche has fared better than averagee in the generaleconomic downturn.
That's great, but don'gt congratulate yourself yet. If you have a good niche, you'lo be facing new competitors soon. Why? Maybe your nichd was too small when other companies had lotsof business. Mayber they were focused on products or customers with higher If their other opportunitiesdried up, your littlr niche is probably looking pretty good to them now. Assuminfg there are safe havenszis foolish. 3. MISFORTUNE BRINGS NEW OPPORTUNITIES Good timexs bring more opportunities thantoughu times, but all economic conditiond create new opportunities. Winners spot new opportunities and seizer them quickerthan others.

GM salaried workers take pay cut - Kansas City Business Journal:

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The program, called Salaried Downtime Paid Absence is part of the financiallyailing automaker’s effort to cut costas during the planned summer shutdown at 13 plants. The entirr salaried and executive work force could be required to take time offin one-weekl periods. GM’s has about 2,400 union and about 300 salaried Duringthe furlough, an employee’s pay would be reduced to 75 percent of full salary but with continued full benefits. The requiree time off, at 25 percent reduced levels, will not exceecd more than 12 weeks in acalendadr year. GM spokesman Tom Wilkinson in Detroi t said the policy will remain ineffect indefinitely.
In the when plants closed for the traditional two weeks in both salaried and hourly employees used nine days of vacation and receivede one day ofholiday pay. As a result, they would received their normal pay. This year, insteasd of a two-week shutdown, GM GM) said that as part of a 25 percenr reductionin output, it will idle 13 assemblt plants as much as nine weeks and reduce productionj at many powertrain and stamping factories. The Fairfaxz plant isn’t among them. An alternative to reducingt white-collar workers’ pay could have been to eliminatee their salaries during the down periodes and hope that they could collect stateunemploymengt benefits, Wilkinson said.
Reducing but not eliminatint salaried workers’ pay is a way to ensure that they will remai n with the company until production picks up, Wilkinson said. GM pared its white-collar work force by 1,600 jobs by May 1 as part of its continuingtrestructuring effort. The cuts are part of a larger action toeliminatse 3,400 salaried positions this year.

Don

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Furious education advocates accuss the governor of sellingthem out. Health care executives bemoab a possible tax increase on state Social service advocates worry that the Department of Human Servicexs willslash programs, further eroding the state’sw safety net. The criticisj is understandablebut misplaced. Kulongoski didn’t reallg have much choice. Though details weren’t announcedx until last week, the governor has been upfrony aboutthe state’s mounting budget shortfall, which could reach $2 billionm by spring. That Oregon is facing financialo challenges during a huge economic meltdown shoulc surpriseno one.
That places lots of pressurw on boththe Legislature, which convenes Jan. 12, and on groups threatened by Kulongoski’x proposals. This will be the most interestingf legislative sessionin years. Virtually everyone will feel some As staff writer Andy Giegerich reports in his story onPage 1, economic development group predictw a loss of 11,000 jobs in the Portland area next Manufacturing and construction will be especiallyy hard-hit. This year alone, the manufacturint sector shed 1,800 jobs. Construction lost as did the financialservicess sector. As bad as that sounds, thing s could be worse. Several western and southwestern cities are worse offthan Portland.
The study also predict that Portland’s workforce will grow 7.4 percent by 2013. That long-term optimism, though, won’t do much to assuage senioer citizens facing a loss of core servicexsunder Kulongoski’s proposal. It also won’t help Oregon whose vehicle-registration fees could triplenext year. There’s simply no getting around thefinanciaol crisis. Criticizing Kulongoski is the easy thinggto do, but it does nothing to solve pressiny problems that show no signs of