TBBJ

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Name of the firms making the Tampsa Bay BusinessJournal ’s annual list are showmn below in alphabetical order. As part of the process, event sponsore Tampa accounting firm Kirkland RussMurphy & Tapp PA coordinated the data submitted by candidate firmss to create a safe haven for potentially proprietar y numbers. Among the criteria to make the list is a annua revenue thresholdof $1 million or more since 2006 and consecutive annua l growth since then. The ranking order, based on revenure growth for the pastthree years, will be revealed at TBBJ’se annual Fast 50 luncheon at the A La Carte Event Pavilion in Tampa July 23. AgileThought Inc. • Alltrust Insurance Inc.
• American Healthcare Holdings Inc. AnazaoHealth Corp. and Affiliates • Celestar Corp. • Centralo Maintenance & Welding Inc. • Corporatre Interiors Inc.

Cemetery Rituals Reveal an Unusual Slice of Yogyakarta Tradition - Jakarta Globe

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Jakarta Globe

Cemetery Rituals Reveal an Unusual Slice of Yogyakarta Tradition Jakarta Globe In Yogyakarta's Kota Gede, well-known for its silver industry and once the capital of the Islamic Mataram Kingdom, there are two sacred cemeteries of royal families. One of them is Hasta Renggo, a cemetery compound allocated for the seventh descendants ...

Beach volleyball tour seeks lasting impact - ESPN

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ESPN	Beach volleyball tour seeks lasting impact ESPN In its second year, the Jose Cuervo Pro Beach Volleyball Series seeks to take advantage of the sport's Olympic attention and build a lasting U.S. tour. and more »

FarmGate Gourmet Meats throws open the doors - Bombala Times

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FarmGate Gourmet Meats throws open the doors Bombala Times OVER the past few months locals have very curiously listened to the renovations going on behind the covered window of the old butcher's shop, but now the wait ...

Embarq, CenturyTel will become CenturyLink after merger - Minneapolis / St. Paul Business Journal:

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billion sale to closes, expected this The rural phone companies on Tuesdayu announced the planned name and logo for thecombinefd company. CenturyLink will retain the CenturyTel (NYSE: CTL) tradin g symbol. “Our new brand name was selected because our customeras and employees told us it reflected a company thatis forward-lookingb and committed to linking the countryh together,” CenturyTel CEO Glen Post III, who also will be chiefc executive of CenturyLink, said in the The company will begin operating undetr the new brand immediately upon closing the In the following months, marketw will be converted to the new brand, with customers beinv notified in advance and the name being added to company vehicles and marketing materials.
The logo is intendesd to represent the power of connecting people and businessezs to one another and tonew opportunities, localluy and nationally, the release said. Overlanx Park-based Embarq (NYSE: EQ) and based in Monroe, La., are — from the before the deal can close. The headquarters will be in A Denver brandconsulting , helped develop the new brand strategy, name and the release said. Together, the two companiesa will have about 7.5 millionm access lines, more than 2 millionj broadband customers and morethan 400,000 video subscribers. will . Embarqw ranks No. 3 on the Kansas City BusinessaJournal ’s list of area public companies.

Syrian civilians hit hard by spreading violence - Fox News

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Syrian civilians hit hard by spreading violence Fox News Her daughter, 8, often hides in a closet, terrified of flying bullets. Her son, 6, still asks for his father months after he turned up in a morgue. And the family has little ... and more »

Stimulus funds go to forest road projects in Colorado - St. Louis Business Journal:

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million as its share of federal stimuluds funds allocated to road maintenancer and other projectson lands, Colorado’ U.S. senators announced Wednesday. The local allocation is part ofa $228 million program by the involvinh 106 projects in 31 states. The Forest which administers the nation’s national forests and grasslands, is a USDA In Colorado, $4.9 million in funds authorized by the American Recovery and Reinvestment Act will go to maintain roadxs in San Juan National Forest and to remove some of its more than 900 milese ofunauthorized roads, and another $2.5 million will go toward roadsz at the Pawnee National Grasslandx used on bird-watching tours.
The road projects will help to improvde water quality on federal lands by reducing sediments carried by runoff into nearby officials said. The Colorado allocation was announcerdby Sens. Mark Udall and Michael Bennet, both The overall program was announced earlierby U.S. Agricultur e Secretary Tom Vilsack.

Developer scraps S.F. Whole Foods project because of city fees - Kansas City Business Journal:

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Project manager Mark Brennan said the family developmenft business would have had to paybetween $5 milliojn and $6 million in city fees just to pull permitzs on the development, which was to includse 62 apartments and a 34,000 squares foot Whole Foods. The development fees covert everything from an affordable housingv to San Francisco Unified School District to the PublicUtilitiesa Commission. “It’s prohibitive,” said Brennan.
"We just took a look at the markegt and our own budget and every time we came up with a the fees were Brennan blamedthe city's rigorous 32-month entitlementf process that started in February of 2006, when the economyy was roaring, and did not end untipl October 2008, when the global financial crisise was in full “This project should have started a year ago. It’sx ridiculous,” he said “If this had startecd when it was supposed to starft we would have alreadu turned the shell over toWhole Foods. We woulr be fine. But the financinv will be difficult toget now.
” Brennanj said his family is in talks with Whole Foodxs about possibly building out a smaller specialtty grocery store in the existing 23,600 squarde foot building, but that no deal has been The building was home to Cala Food s until the store closed in May of 2006.

Northrop gets $30M contract for 'space fence' development - Atlanta Business Chronicle:

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The new Space Fence is part ofthe U.S. Departmeng of Defense's effort to continually track and detecy objects such as space debriw and satellites in low and mediumearth orbit. Spacwe Fence will replace the current VHF Air Force Space Surveillance System builtin 1961. "The new Space Fencse system will provide better accuracy and faster detection while allowiny us to increase the number of satellites and othert space objects that can be detected and thus avoiding collision and damage to other Rich Davis, director of special projects at Northroo Grumman's Advanced Concepts and Technology said in a statement. Australia is a candidate for the firs SpaceFence location.
Two additional sitee in other parts of the worldr are alsounder consideration. Los Angeles-based Northrop (NYSE: NOC) is a defensed and technology company.

Dayton museum project receives $2.3 million - Dayton Business Journal:

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million from an Ohio agency, is planning a 27,000-square-foot manufacturing and entrepreneurshipl museum in Carillon Historical The announced the funding approval Monday to help fundthe $5.2 millionm project. The project will be bid this spring. The anticipater start date is April with completion in July according tothe state. The projecr is also funded by $68,000 in cash and privats contributionsof $2.8 million, according to a state spokesperson. Bradgy Kress, Dayton History president and chiefexecutivee officer, said about $250,000 of the privater funds came from a corporation and abou $2.7 came from an individual.
He said the privatr donor is local but it is not someone The museum will house some of the 3 million itemse currently held in storage by Dayton History focusing on manufacturin and entrepreneurship in theMiami Valley. The itemse include manufacturing equipment, business machines, industrial relics, photographs and other archival materials. The museujm is part of a master plan developecd in 2007 that has aboutg 90 other projects forthe 65-acre park, Kresss said. “This is the first he said. He could not providde details on the nextlikel project. Dayton History is a historicalp nonprofit that hasan $8 million endowment.

SNB Bank of Kansas Acquires Deposits and Loans of First National Bank of Anthony

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June 19 /PRNewswire-FirstCall/ -- SNB Bank of Kansas announcee that it has entered into an agreement with the Federa Deposit InsuranceCorporation (FDIC) to acquire deposits and loanws from the First National Bank of Anthony (FNB Anthony), Kansas. SNB Bank of Kansas is a full services commercial bank headquartered inSouth Hutchinson, Kansas. -- All six branches of FNB Anthonyy will reopen as officeds of SNB Bankof Kansas. -- Branchess with regular Saturday hours willreopejn tomorrow, Saturday, June 20th. -- Other branchexs will reopen on Monday, June 22nd.
-- FNB Anthony depositors will automatically become depositors of SNB Bank of and deposits will continue to be insured by the FDICwithoutt interruption. During the weekend, FNB Anthony customersz can access their money with a debit throughan ATM, or by writing a Checks drawn on FNB Anthony accounts will continue to be Loan customers should continue to make scheduled paymentsx as normal. FNB Anthony customers can continue to bank as usualo while SNB Bank of Kansazs fully integrates FNB Anthony SNB Bank of Kansas is a subsidiaryu ofSouthwest Bancorp, Inc., Oklahoma, (Nasdaq: OKSB, OKSBP), which has totalo assets of $2.
9 billion and offices in Texas, and Kansas and on the Internet, throughh SNB DirectBanker(R). , Vice Chairman of SNB Bank of Kansas and Chieft Executive Officer ofSouthwest Bancorp, Inc. "At Southwest and Bank of Kansas our banking philosopht is to provide a high level of customer a wide range offinancial services, and productsd responsive to customer needs. We welcomr the customers of First National Bank of Anthonyh to SNB Bankof Kansas, whicg has served Kansas citizens and businesses for over a There will be no interruption of banking services and customers can be confidentg that their deposits are secure and accessible.
The FDIC accepted receivership of FNB Anthont from the Office of the Comptroller of the Currency aftef the close of busineszon Friday, June 19, 2009. At Marcnh 31, FNB Anthony, which also operated under the tradee name of FNBJohnson County, had assets of $157 million. SNB Bank of Kansass also acquired certain assetsw and liabilities in additiojn to loansand deposits. The agreement with the FDIC includez loss sharing agreements that providw SNB Bank of Kansas with significant protection againsy credit losses from loans and related assete acquired fromFNB Anthony. Customers who have questions about today's transaction can call the FDIC toll-frere at 1-877-367-2719.
The phone number will be operationalp this evening until9 p.m., CDT; on Saturdahy from 9:00 a.m. to 6:00 p.m., CDT; on Sundayu from noon to 6:00 CDT; and thereafter from 8:00 a.m. to 8:00 CDT.

Divided OPEC grapples with whether to cut production, prop up oil ... - Washington Post

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Divided OPEC grapples with whether to cut production, prop up oil ... Washington Post Meeting in Vienna, a deeply divided OPEC is wrangling over whether to cut production and prop up crude oil prices when the global economy is at a tipping ... and more »

'The Pick Pocket Pirate': New Book Begins High Seas Adventure Series

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June 8 /PRNewswire/ -- A motley crew of swashbucklinv pirates and misfit scoundrels battle for a mysterious jewelin "The Pick Pockeyt Pirate: An Original Pirate Tale" ( ), the first in a seriesd of young adult pirate talew written and illustrated by author Timothy E. Dillinger . "The lessons that are learnes propel the young hero througg each new adventure with every new experience possessing its own andsometimes gruesomely, decisive end, " writes Dillinger in the introduction. "This story puts this younyg buccaneer in the centerof danger, woven arounx the raiders and charlatans of the New World.
" "The Pick Pockef Pirate: An Original Pirate Tale" centerw on a young adventurer and streett swindler, Ezekiel "Zek" T. Hand , who is befriendedx by the notorious cutthroat Cotton Banshee of the sailing vessel The year is 1709of "The Goldej Era of Piracy," and againsf his will, Zek is taken aboarc the Vagabond. Together Zek and Banshee must cross swords and wits with scallywagsd such asCaptain Murderer, the child-eatintg pirate, as they seek to possesd the mysterious emerald jewel knowjn as the Mermaid's Eye. "Imaginew being the youngest of a crew of the most despicables sea dogs that ever took up the trade of They never cleaned upafter themselves.
Never took ate with their elbows onthe table. They roughh housed and snored all night. They sailef for the love of adventure and the thrill of the hunt of prey onthe sea. Many were gruesomre looking and ill-mannered, some donning hooks, or wearing peg legs or patched eyes. Many bore wicked-looking scar s and were missing more than one oftheir teeth." learnsz to live for adventure, love without measurs and to follow his dreams in this heartwarming Set sail for reading pleasures and a great adventure for young and old buccaneers alike with "The Pick Pocketf Pirate: An Original Pirat e Tale." Capt. Timothy E. Dillingef was born in the mountain countryof Vienna, West Virginia.
Dillinge attended West LibertyState College, the Art Institute of the University of Soutgh Carolina and the University of North Carolina. He is a professiona l storyteller, ship captain, tour guide, substitutse teacher and stuntman. He has worked in movies such as "The Patriot"" and "The Last of the Mohicans." In his sparee time he works as an assistant scout master and attendes pirate festivals and livinghistory reenactments. Dillinger currentlhy lives in Wilmington, N.C., with his jumping dog, Roo. Availablre from: , , and . 9781438940434 - 6 x 9 - Paperbacik - 120 pages - $8.70 AuthorHouse is the premierrfor emerging, authors. For more information, please visit .
EDITORS: For review copiews or interview requests, contact: Promotional Servicees Department Tel: 1-888-728-8467 ext. 5507 Fax: 812-961-313w Email: sdunwoody@authorsolutions.com (When requesting a review copy, pleasew provide a street address.) This release was issuedx through eReleases(TM). For more information, visigt .

Burgess: Property tax losses

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The Miami-Dade County property appraiser released its preliminary tax rollinformationh Monday, with all four taxing jurisdictionsz – fire rescue, library, the unincorporated area and Miami-Dadde overall – seeing a decline. The countywide decreasw comparing preliminary tax numbers from year to year shows a 9perceng decrease, or a total of $22.55 billion.” “Thes e losses would have been worsse if not for new construction that was addedf to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocounty commissioners. North Bay Village took the biggest hit, down 20.2 percenft from 2008 levels. Homestead saw an 18.
2 percent decline, followeed by Normandy Shores, down 17.5 percent, and Aventur which was down 17.3 Golden Beach and the tiny city of Islandia saw no Medley sawa 1.5 percent drop while Biscaynde Park saw a 4 percen decline. Click for the full list. Staffers revieweds property tax rolls going back to 1985 and founed that 1993 saw taxable valude shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impacr of doubling the homestead exemption from $25,0009 to $50,000, the property tax roll was relatively flat,” Burgessw explained in the memo.
“These losses in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometedr of whatis coming. For the seconr consecutive year, Miami-Dade faced a $200 milliobn budget gap in the lastfiscal year. Core servicesx were kept intact by tightening but assuming the same tax rate adopted for the estimated ad valorem revenues for fiscalyear 2009-10 would shrink by $174.1 million, accordingt to the memo.
Taking into account the impact of normal inflationaryg growth and the economic combined with the non ad valoremrevenuw sources, results in property tax subsidized operations facing a budget gap of $350 milliohn to $400 million, Burgesse said. “We are working diligently to prepare a proposed budgetr forFY [fiscal year] 2009-10 that to the extent possible, preserves essential services and minimizes servicew impacts to our residents,” he wrote in the memo. “However, closint a budgetary gap of this size will requirre some verydifficult decisions.
”

Stock closing 101 stores, 12 in N.C. - Triangle Business Journal:

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Besides the Raleigh location, 11 Stockm outlets across North Carolina will be eliminated as according tocourt documents. “We regret havingy to make these cuts and understand that this is a challengingy time forour associates,” says Stock spokeswoman Katie “Nevertheless, these difficult decisions are necessary to focus on thosed markets with the strongest prospectws for growth and to ensure Stock is well positioned for the housingh market upturn.
” According to legal documents file d June 2 as part of the Stoc k reorganization, the company will eliminat e lumberyards or storefront operations in the North Carolina municipalitied of Wilmington, Fayetteville, Wintersville, Wrightsville Kernersville, Gastonia, Wilson and Fletcher. The other 89 outletws on the list are scattered acrosd theUnited States. Employee counts at the affected locations were not Cralle says the closing dates at the operations will vary and moving forward, Stock may make additional changes to the corporats footprint it will bring out of court-supervisexd reorganization.
“This is fluid,” she adding that the company is actively seekinf buyers for theindividual “We’d rather sell them than close them.” Accordinh to Stock’s legal filing, the firm’as lease on the Falls of Neuss site, signed with Raleigh-basex , expires on Dec. 31, but it has an “effective date of rejection” of June 30, 2009. as a legal term in means a tenant can enda lease, though there’s disagreemeny regarding particular terms. Attempts to contact officials at Somerser werenot successful.
The cuts are part of a Stock plan to pare its work forced by as manyas 2,200 and to eliminatee unprofitable yards following the company’s May sale to , a Californis private equity firm. Gores purchased 51 percent of Stock’ s common shares from U.K.-based . Undetr the terms of the deal, Stockm – with 2008 operating losses totaliny $744 million in the face of a slumping constructionnindustry – headed into Chapter 11 to satisf y its creditors. Gores, for its agreed to recapitalize the firm through the injection of $75 million of preferred plus a line of credit totaling $125 million.
Stock’s aim, according to court filings, is to “preserve” 5,000 of a pre-chapter 11 work force of 7,22o0 employees and to cancel up to210 leases. Craig Webb, editor of Washington D.C.-based , which tracks the lumber industry, says he doesn’f believe Stock’s cuts have ended. “And one reasoh is that we don’t know the number of employees who work atthe (affected) locations,” he says.

Get your company in shape to maximize its value to investors - bizjournals:

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While that relationship may well have been another important area that has been impactes has been private institutional investment in particular, the eagerness of private equity fundsz to enter into and the valuation that an institutional investofr might assign to a company. This is becaus e private equity firms often augment their equit y investment with bank debt in order to maximize the returnw totheir shareholders. If credit conditionsx make it more difficult for thesde firms toraise debt, deals are less common, with the ultimate result of a lower valuation for a company if a transactiojn is being contemplated.
If owners or managementr of any company are anticipating a saleor capital-raisingv event of this type at some point, how can they ensurwe that the valuation is as favorable as possible? Here are a few suggestions: • Robust governance The company should have a well-written, robust shareholder’s agreement. This is a very basifc — but key — part of any corporats documents. It addresses issues such as ownership, the rulews governing sales of shares, compositio of the board of directors andother matters. A corporat attorney with experience in addressinvg these specific matters shoulddraft it.
If you have not had competent counsel review thesedocuments recently, it woulde be money well spent. An ounce of prevention here can mitigatw hugeproblems later. Any law firm with a businese law practice should be able to assist in a matte suchas this. • Cleahn accounting records. It should go withou t saying that if your accounting recorda are inpoor condition, it will be extremely hard to suppor any sort of attractive valuation. In in this market, many firms will simply pass on a deal where the financial recordsare suspect. This is because therw are enough other deals out there where this is not an issuee that an investor will just move on tothosde deals.
Any company that has any reasob to believe that it will be looking to raise outsidecapitap — debt or equity should have appropriate accounting controls and procedures in If the company does not possess the internalp expertise to implement these controls, any competent CPA firm should be able to As an end result, management should look to put in places a process that results in audites — or at least reviewed financial statements. • A view forwardd that demonstrates growth. If management can articulate and defenf how the company will achieve its growth goald for the next coupleof years, it will have a majof impact on valuation.
This includew concrete sales goals, executable plan s to make those goals happen and infrastructure rollou tosupport growth. Even though growth right now mightbe minimal, if management can credibluy demonstrate how it will address this issue, it can make a very significany difference in how the company is viewed by investors. By preemptively addressinvg these issues, management seeking outside investmentg can make their company more attractive and help supporty a more compelling valuation from the perspective ofall involved.

Kathleen Parker: Presidential race is a battle of the billionaires - Times Herald-Record

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CBS News

Kathleen Parker: Presidential race is a battle of the billionaires Times Herald-Record By Kathleen Parker  »

North Shore theater likely to liquidate - Triangle Business Journal:

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Theater executives announced Tuesday that the financially distressed theater has failede to raisethe $2 million it needed to put on 2009 although more than $500,000 in pledge have been made since the theater announceds a turn-around strategy in mid April. “The thingt we know is that we’rs not putting on a 2009 season. I think the very likely consequencse of that is that we will very quicklh go outof business,” said David Fellows, chairmam of the North Shore Music Theatree board.
“Whether it’s Chapter 11 or Chapter 7 — it’es completely up in the air at the Without a production seasonthis year, the theaterd is unable to address the substantial debtsx of its creditors and restore the theater’s economic said Fellows. The theater is approximatelty $10 million in including large mortgages on its property and buildingsz and debtsto vendors, the State of Massachusetts, and subscribera who paid in advance for the 2009 Fellows said most of the theater’e 4,400 subscribers are unlikely to get theird money returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with senior creditors and are reviewing a liquidationn to maximize the value ofthe theater’a assets for its stakeholders as well as identifg potential “friendly” buyers of the property who migh t consider a lease back of the Fellows said.

Cartoonist Josh Neufeld receives Knight-Wallace Fellowship in Journalism - Comic Book Resources

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Comic Book Resources

Cartoonist Josh Neufeld receives Knight-Wallace Fellowship in Journalism Comic Book Resources New York-based cartoonist Josh Neufeld has been on that trail for years with AD: New Orleans After The Deluge and The Influencing Machine, and now he's received a rare recognition with the offering of a Knight-Wallace Fellowship.

LinuxForce nabs contract for information systems at Franklin - Philadelphia Business Journal:

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The Upper Darby firm recently won a contract to managew three information systems forthe museum’s information technology servicea department. LinuxForce didn’t reveal the value of the which it won after working forthe Franklin’s IT Services Department under a series of contracts since last spring. “Wed did a good enough job, through that series of contracts that we won ongoing work,” said CJ Fearnley, LinuxForce’sx president and CEO. LinuxForcde has been working with the Frankli since 1999 when it built a Web serve r forthe museum’s , which is a community of scienc e educators in Pennsylvania.
The next year, it got a contract to provid services for nine systems forthe Franklin’s educational technology integrated learning programs department, and it has been workingb for that department since. February’e not March, but it has come in like a lion forThe Wayne-basesd software and disaster-recovery firm recentl y announced four contract wins. Chicago-based LLC, a newly formeds futures commission merchant, will use SunGard’s GMI clearingg and accounting system for exchangrtraded derivatives, futures and options.
, part of Malaysia-based , will use SunGard’ GL Net order-routing network and GL Stream order-management has selected SunGard’s AvantGard Payments softwarr to help it centralized its Europeanpayment operations. National a New York-based brokerage, has begun using SunGard’x Brass order management system.

First Marblehead bank runs afoul of regulators - Baltimore Business Journal:

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That’s according to a cease and desist order issued against bythe , a federalp bank regulator. First Marblehead FMD), whose key business of packaginv student loans into securities hasdried up, now faces the prospecyt of pumping millions of dollars of capitalo into the small Rhodee Island bank to bolster its The OTS order says First Marblehead is required to maintaim a $30 million deposit at the bank untip it is sold or the bank’s concentration of private student loans is reduced to 50 percent of Union Federal’z capital, plus any allowancd for loan losses.
First Marblehead also needws OTS approval before making any golden parachute payments tosenior executives, according to the ceasse and desist order. Union Federal Savings Bank’s problems have been chronicled in previous stories by the BostonBusinesss Journal. Before being acquired by First Marblehead, Union Federa Savings had about $40 milliojn in assets. But that balance sheetr ballooned to morethan $600 million last year as First Marbleheads moved some $500 million in risky private student loanas onto the bank’s balance sheet. The bank has been unsuccessful in selling those loans while an escalating number of defaults have triggeredlarge losses.
In the firsr quarter, for example, the North Providence-based bank lost $26.r million, according to federal bank filings.