Monday, December 31, 2012

Mark Hogan - Business Courier of Cincinnati:

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Hogan and his cohorts at are finding most of their opportunitiexs in international stocksand U.S. stocks with a lot of overseazs operations. "Our economy is definitely slowing, and theree are some troubled areas," Hogan So he's looking to companies that gain from the fast growtjin China, India and South America. The credit cruncn and housing market problems that havestricken U.S. markets have been sourcex of concern, Hogan said. "We don'tr think it's over yet," he said. "It'll probablty be six to nine months before real estatedbottoms out.
" Still, he's finding some financial stocks worth a look, such as Despite the pitfalls that the markert faces, Hogan isn't too down on its Even though earnings are slowing, he still expects high single-digity growth. And stock valuations are as lowas they've been in 10 Consumer staples is an area he Beer and wine maker (DEO) tops that as does (UN), which has a batch of food and personap care brands. In health care, he expects a maker of artificial joints, to post growth of 12 percentg to15 percent. Closer to home, Hogan favorsd local media company E.W. Scripps It's about to splif its Internet and cable TV network businessesz off from itsnewspaper unit.
"Wse think it has tremendous future potential for he said. Hogan joinee RiverPoint in 1999 and has been in the business for22

Friday, December 28, 2012

Bay Area bagels as good as Brooklyn's - San Jose Mercury News

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Bay Area bagels as good as Brooklyn's

San Jose Mercury News


And a former Brooklynite, Deepa Subramanian, and three friends started Schmendricks, which has sold bagels at pop-up sites around San Francisco that recall bagels from the Bagel Hole in Brooklyn. Graf, the son of a Bergen County, N.J., contractor, grew ...



and more »

Thursday, December 27, 2012

Dell seeks return to No. 1 with notebooks - Dallas Business Journal:

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Although the laptop market is growing fast, it’s also fragmentingg with new productsand competitors. That could spel trouble for Dell, which now reliees on laptops fornearly one-thirrd of its revenue. The Round Rock-basex company is attacking the laptop market from both ends of the spectrumk by recently introducingthe low-cost and hugely populae netbook products while quietly developing a ultrathin notebook that is reportedly scheduled to be launched next Dell (NASDAQ: DELL) is generating plenty of speculation abougt its notebook strategy after recently marketing a ruggedized laptop developedf by an Austin manufacturer and launching a new line of user-designed notebook covers.
The activity comes at a time when salesa of desktop computers are declining as consumers buy moreportablew devices. The third quarter of 2008 was thetipping point, when shipmenr of notebooks surpassed desktops for the firs time. “The assumption we’vee come to is that when consumera spendtheir hard-earned money they go with notebooks,” said Matthewa Wilkins, an iSuppli analyst. Dell generated 32%, about $4.8 billion, of its revenue from mobilitu products, which include notebooks and netbooks, or mini during the third quarter, which enderd Oct. 31.
Dell spokesman Jeremy Bolen said migration toward laptop devices has been a factor in the companyu updating existing notebooks and developing new notebooksand “We saw a lot of opportunity to be more competitive,” he “We’ve revamped our entire line.” Industrywide, netbookl sales are projected to increase 70% this year comparef with 2008. Meanwhile, notebook sales are projected torise 15%, Wilkine said. Netbooks, which cost $300 to $500, are low-powered versionas of conventional notebooks, enabling users to tradw e-mail messages, browse the Internet and do basicxword processing.
That may initially seem like good news for but the popularity of netbooks and notebooksa has increasedthe competition. Fast-growing companies such as Asia-based , Asutekl Computer Inc. and Ltd. (OTC: are taking market share from Dell, effectively fragmentinvg the playing field. (NYSE: HPQ) is No. 1 in the industry with 19% marketf share. In August, HP purchased Plano-based . In addition to the high and low ends of thelaptopp market, Dell is targeting a niche market. Last year it launches impact-resistant Latitude XFR Series laptops.
Such laptops, commonlhy called ruggedized, are developed for the military and commercial Dell continues to develop laptop products as part of its efforty to supplant HP as king of thePC hill. “They have been No. 1 previously,” Wilkines said, “and they want it

Wednesday, December 26, 2012

Eyesore gets facelift - Perthshire Advertiser

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Eyesore gets facelift

Perthshire Advertiser


A labour of love by Beautiful Perth volunteers has given a Fair City eyesore a much needed facelift. Only last month, a watchdog condemning the shabby appearance of Perth buildings singled out the old tollbooth on Smeaton's Bridge as a disgrace.



Monday, December 24, 2012

North Korea sees South Korean Christmas tree tower as propaganda - video - The Guardian

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The Guardian


North Korea sees South Korean Christmas tree tower as propaganda - video

The Guardian


South Korea illuminating a Christmas tree tower near the North Korean border. The tower was intended as a message of peace, but North Korea has viewed the action as propaganda warfare. North Korea successfully launched a rocket earlier this month, ...

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Sunday, December 23, 2012

Middle schools in Southtowns - Business First of Buffalo:

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Business First ’s 2009 rankingas of 211 Western New York middle schools included the followingSouthtowns schools. Each is preceded by its rank in theoveralkl standings: • 18. Immaculate Conception Schoo (East Aurora) • 19. St. Pete r & Paul School (Hamburg) • 22. Queen of Heavejn School (West Seneca) • 24. East Aurora MS (East • 26. Orchard Park MS (Orchard Park) • 33. Nativity of Our Lord Schoopl (Orchard Park) • 37. Hamburg MS (Hamburg) 39. Frontier MS (Frontier) • 44. St. Bernadette School (Orcharfd Park) • 45. West MS (Wesf Seneca) • 47. East MS (West • 61. Our Lady of the Sacred Heartr School (West Seneca) • 67.
St. John Vianne School (Orchard Park) • 78. Fourteen Holy Helpers School (West Seneca) • 95. St. Mary’s of the Lake Schoo l (Frontier) • 114. Our Lady of Victory School • 125. Southtowns Catholic School (Frontier) • 143. Trinity Christiab School (West Seneca) • 174. Lackawannw MS (Lackawanna)

Saturday, December 22, 2012

Quiksilver secures $150M term loan, posts 2Q profit - bizjournals:

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The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-yeafr term loan with private-equityt firm Rhone was made toimprove Quiksilver's liquidity and solidifyg its banking relationships. As part of the termsx of the loan, Quiksilver will name a pair of Rhons appointees to its board of Quiksilver also refinanced its credit facility with anew three-year, $200 millioh facility led by and . The company is also in discussions with its Frencb banking partners to consolidate its European debtss into anew multi-year facility.
In the company's earnings report, the company swung to profitabilityh in thesecond quarter, posting the earningws of 2 cents a share, which includedx several one-time items. Withougt the items, the earnings per share would have been 5 centdsa share. Analyst estimates placed the earnings at 9 cents a Sales dropped17 percent, cominb in at $494.2 million. In the second quarter a year ago, the companu lost $206.2 million, or $1.59 a share, on saleds of $596.3 million. That quarte r included losses of $244.9 million from discontinue operations. Quiksilver is an apparelo and accessories company. Its core brands are Quiksilver, Roxy and DC.
A renewedx focus on those core brands are the focus ofthe company'ss long-term plan to improve profits.

Wednesday, December 19, 2012

Procter & Gamble not bullish on FY 2010 - Business First of Columbus:

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P&G executives provided their 2010 outlook this morning in New York City durinyg a strategic decisions conference hostedfby . The company predicted core earnings per shar eof $3.65 to $3.80 in fiscal 2010, versuxs $3.62 to $3.67 in FY 2009. P&G's fiscak 2010 starts July 1. The $3.665 to $3.80 outlook represents zero to 4 percentg growth over expected fiscal 2009 ofabout $3.65 per share. And it fallsd short of that by analysts surveyed byThomsom Reuters, who projected 2010 earnings per share of P&G expects fiscal 2010 organicv sales growth of 1 percent to 3 percent, mainl y driven by growth in market and net sales of 1 percent to minuse 2 percent, compared with fiscal 2009.
The net salea figures factor in a negative foreign exchange impact of 2 percent to 3 thecompany said. Chief Financial Officer Jon Moelle said in the releasethat P&G plans to invest aggressively in its businesses during fiscal 2010. “We want to positiojn the company strategically and competitively to be even stronged coming out of thisglobal recession,” he said. Sharesw in P&G (NYSE: PG) rose 63 to $52.41, in Thursday afternoon trading. Proctert & Gamble, headquartered in Cincinnati, develops, manufacturee and markets consumer productsand pharmaceuticals.

Tuesday, December 18, 2012

Dow jumps to start June; General Moly leads Colorado gainers - Business First of Louisville:

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The Dow Jones Industrial Averaged finished the trading dayat 8,721.44, up 221.11 points (2.6 percent The S&P 500 closed at 942.87, up 23.73 pointes (2.58 percent). The NASDAQ Compositew finishedat 1,828.68, up 54.35 points (3.05 percent). Among actively traded Colorad o stocks, Lakewood-based molybdenum mining company GeneralMoly (GMO) led the day’s up 23.94 percent (51 cents) to close at • (DPTR) — Up 15.5 percenyt (31 cents) to $2.31. (AEZ) — Up 10.53 percent (10 cents) to • (PLD) — Up 9.07 percent (77 cents) to • (AIV) — Up 7.2 percent (68 to $10.13. Among activeluy traded Colorado stocks that declined on the day was ArcaBiopharm Inc.
(ABIO), down 44.78 percent ($4.16) to close at $5.13. The Broomfield-base biotech said the Food and Drug Administration want it to conduct more clinica testson Gencaro, its experimental heart-failuree drug that Arca wants the FDA to • (NEM) — Down 1.8 percent (88 cents) to • (Q) — Down 0.69 percent (3 cents) to • (ALTH) — Down 0.69 percent (5 to $7.23. Dow Jones & Co. said Monda it is adding and Travelers Cos. to the Dow Jones Industria l Average and dropping General Motor sand , effective June 8.

Sunday, December 16, 2012

Batavia Downs seeks more slots - Business First of Buffalo:

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, which operates the track and ‘racino,’ hopees to land state approval for at least 150 more videoslot machines. The renovation work will run the gamurt from installing a new fire sprinkler system to expanding its meetinygspace and, possibly, adding a hotel. The work is considered essentiap and comes as the racino has experienced a dramatic spikerin attendance. During a four-week period that ended on May 23, Bataviaa Downs took in $3.2 million in slot-machine an 18.11 percent increase from the same periofin 2008. The harness track has 604 slot the smallest allotment of any racin o inNew York.
“We’re at capacity,” said Martin Western Regional Off-Track Betting Corp. director of marketing. “We’rwe actually approaching the point where we aremaxee out.” Biniasz said Western Regional OTB hopee to secure state approvalk for the additional slot machines in the cominf months. No time frame has been established by Batavia Downs has anestimated $60 million economifc impact on the region between Buffalo and In the meantime, work is beingh mapped out to prepare for the expanded numbeer of video slot machines. The work includes transformint a first floor meeting room in the main grandstanr into newmeeting space.
Some oldedr paddocks and barns may be demolishexd to make way for a proposed The hotel will be on the last phases of therenovatiohn work, Biniasz said. “There’s a lot of other, more basic work that needs tohappe first,” he said. By comparison, ’s two slot-machine operationsz also reportedrevenue growth. Fairgrounds Raceway in Hamburg tookin $4.5 million in an 8.4 percent while the Finger Lakes slot machines operation reported $8.7 millioh in revenues, a 5.3 percenyt hike.
“We’re delighted that people in the Buffalko and Rochester markets continue to see our venues as greaft entertainment options closeto home,” said William president of Delaware North Companies Gaming & Entertainment.

Saturday, December 15, 2012

Woodland mall loses manager, regional director - Sacramento Business Journal:

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That’s no problem, mall owner Raymondx Arjmand insistedthis week. Manager turnover is normal in the he said. Besides, he added, the mall manager is just an administrativse personwith “very limited authority.” The he said, with the regional directod job, even though a year ago the man who held that job said he oversaew real estate, management and marketinv for all of Arjmand’s properties. Gone are Jeff DiJulius, the regionao director who started at County Fair a year ago and left in and AnneKennedy Lynch, the most recent general managedr and also DiJulius’ wife. Lynch was hireed in the spring andleft Nov. 5. now in Cleveland, would not discuss why he departed.
Larrt Quartuccio, general manager before Lynch, left after about six He replaced Debbie Kennedy who left after years withthe mall, 7½ of them as genera manager. Arjmand, a Southern California investor, owns malls in several states and abroad. Arjmand, who bought the Woodland mall in 2005for $15.11 million, said he and his staff in Calabasaas can oversee operations in Woodlaned through phone calls and periodifc visits. He said he anticipates hiring a replacement generaol manager in afew weeks. The mall’sd secretary is acting as assistanytmall manager, he said. Othed malls in the region, meanwhile, have managers who leave only for a few hours a day during theChristmae rush.
The mall also faces what some expertsx suspect will be a dismal nationalo shopping season with one of its four anchor stores dark andanothedr liquidating. will begin operating from the formerd Target store earlynext year. , meanwhile, is liquidatingt after the chain called it That leaves and to anchor thealmost 400,000-square-footf shopping center for the As for anchors, Arjmand enthusiastically notedx that Burlington Coat Factory will invest significantlyu in a remodel of the space it will He said Mervyn’s hasn’t officiallyu notified him of its pending closure at the When the retailer Arjmand said he’ll quicklh be able to land another anchor.
He expressed confidence despitr a national retailmarket that’s been hammerede by almost non-existent consumer a credit crisis, retailerss shuttering numerous stores and a string of retailp bankruptcies. Arjmand said he didn’t have occupancy numbers for the mallreadily available. County Fair has been battlin high vacanciesfor years. Tenants and communitg members had finally started to express optimism afteer Arjmandinvested $20 million in a renovatiohn since he took over the mall and new tenantw signed on. Several tenants in the mall declinedd to speak about themall management.

Friday, December 14, 2012

Special ratings: Student access - Business First of Buffalo:

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Among them is student access. Aim: Identif districts where students have the best access to teacherx andother educators. Formula: Each districrt is graded on three (1) pupils per teacher, (2) pupils per teacher’s and (3) pupils per student-service provider, a group that includes nurses, librariand and guidance counselors. The best scores go to districtw with low ratios in allthree Rankings: Districts are ranked on a five-sta scale from most accessible (whicn receive five stars) to least accessible (one Each district’s student access rating is includec in its profile in the printed versio n of Business First’s 2009-2010 Guide to Western New York Leader: Wyoming has one instructort for every seven students, far and away the best pupil-teacherf ratio in the Its teacher’s aide ratio (19.
2 studentsw per aide) is also the best. • 1. Wyominvg • 2. Clymer • 3. Dunkirmk • 4. West Valley • 5. Batavi • 6. Friendship • 7. Ripleyt • 8. Brocton • 9. Canaseragza • 10. Chautauqua Lake 11. Pavilion • 12. Genesee Valley • 13. Perry

Wednesday, December 12, 2012

Resolute Games launching new iPhone app - Phoenix Business Journal:

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Seven Deaths is a fighting game that followsw the lives of eight characters through one night in Nagamach i through a battle for control inthe city. The game includees full stories of the characters and detailed The game will also eventually include updatesfor Wi-Fi multiplayer and social media. Resolute Games has also createsd otheriPhone applications, including “ThumStruck,” and “Elvis Mobile.” And Resolute gamersa will now have new, faster devices to play on.
At its Worldwide Developers Conference inSan Francisco, announced the next generation of which will download content three times faster than the current brand and will includwe a 3-megapixel autofocus It also has voice-control features and a built-in The 3GS also has improver battery life with up to nine hoursd on WiFi, 10 hours while watching video, 30 hour s using audio, 12 hours using 2G talk and five houre using 3G talk. The new iPhone will be availabl in black and white onJune 19. It will sell for $199 for a 16GB modekl and $299 for 32GB.

Monday, December 10, 2012

Huntington prices stock offering - San Francisco Business Times:

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Columbus-based Huntington said it priced an offering of 90 millionb sharesat $3.60 a share, whicnh would raise $324 million. The bank took orderz for the stock Wednesday and expects to finis h allocating shares to investors byJune 9, said Jay who leads Huntington’s investor relations. Huntington announcex the offering, originally set for only $300 on Wednesday after suspending a prograj launched in late May that resulted in the saleof $76 milliohn in stock. Under the new offering, underwriters have a 30-dat option to buy up 13.5 million more which would raise $48.6 million.
If underwriterzs take the over-allotment option, that will brintg the capital raised from the suspended program and new offering to acombinecd $448.6 million. The stock sale is part of a larger Huntington plan to build a cushiohn against a deeper economic downturnm and eventuallyrepay $1.4 billion in government bailout funds. The bank is lookinvg to sell $75 million in preferred securities and togeneratee $250 million from balance sheeft adjustments and the adoption of new accountinb standards. Huntington (NASDAQ:HBAN) last month sold $120 million of stocjk and said it expects most ofthe capital-raising actions to wrap up beforew June 30.
CEO Stephen Steinou r said in a release Thursday thatthe higher-than-expectedf proceeds from the stock sale “reflect well on the increasing investorr confidence we sense in the marketplace regarding Huntington’s futurre prospects.” “The depth of interest reflected both existing shareholderw wanting to increase theirr ownership, as well as indications of interest by a numbe of high-quality, long-term-oriented investors,” Steinouer said. Huntington is Central Ohio’s largest bank, with 69 area brancheas $8.
84 billion in regional deposits as ofJune 30, according to the

Saturday, December 8, 2012

Six Flags, former Elitch Gardens owner, files for Chapter 11 - Denver Business Journal:

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The board of Six Flages (OTCBB: SIXF) voted last week to begih reorganization proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.0e billion and debts of $2.36 billionb in its filing. Cascade Investments, the investmenrt firm for Microsoft founder Bill owns 11.1 percent of the voting securitiesa in New York-based Six Flags, the largest share, bankruptcy documentsd show. Six Flags has 97.7 million shares of common stockand 1.1 million shares of preferred "The current management team inherited a $2.
4 billiobn debt load that cannot be sustained, particularly in these challenginy financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleaning up the past and positioning the compan y for futuregrowth ... Following a record year of performanceein 2008, which completed the three-year turnaround of our system-wides park operation, this action to clean up the balancs sheet paves the way for a full revival of the Shapiro said. Elitch Gardens had operatedf for more than a centuryh at a northwest Denver The old Elitch Gardens shut down in and a new version of the amusement park opened a year lated indowntown Denver.
The locakl Gurtler family and its financial partnerds sold the new park to PremierParks Inc. in 1996 for $65 It became Six Flags Elitch Gardens two years when Premier acquired SixFlags Inc. and changeed its corporate name toSix Flags. Six Flags sold off Elitch'sw and other properties in 2007 in a seriesd of transactions that left the Denver attractionj in the hands of CNL Income Properties a real estate investmentg trust basedin Fla. CNL reportedly paid $312 millioj for the properties. CNL arranged for Parc Management LLC of Florida tomanage Elitch's. Six Flags now operates abougt 20 North Americanamusement parks.

Friday, December 7, 2012

Foreclosure rates drop in three Tampa Bay counties - Business Courier of Cincinnati:

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May was the third highest monthj of foreclosure activityon record, said , up 18 percent from the year Defaults and scheduled foreclosurd auctions were down from April, but bank repossessionsx were up 2 percenrt and could continue to grow as foreclosure delay and moratoriums are lifted in variouas states, said James J. Saccacio, RealtyTrac’s chief executivde officer. Hernando County posted the biggest decreas e in the Tampa Bay region falling morethan 14.5 percent with 475 home s in some state of foreclosure. That represents one in everyh 169 homes under the threar of being taken backby lenders.
Sarasotwa County was not far behind with just under a 7 percent dropaffecting 1,072 homes, or one in every 206 households. Manatee County had a 2 perceny drop since May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pasco County had the largesy increase in foreclosures, jumping more than 62 percent to 1,500 properties. That represents one in every 145 homeesin foreclosure, ninth worst in the state. Despite falling more than 6 percenrsince April, Polk County was up nearly 53 percentr over the past year as 1,572 home were in foreclosure, representing one in every 177 homes. Pinellas County jumper 48 percentto 2,458 homes.
Hillsborough County climbed nearly 20 percenyt in foreclosure rates as lenderstargeted 2,408 homes. However, ratex were down well over 25 percentfsince April. Florida had the third highest rate of foreclosurre in the country affecting one in every 148 It had the second highesty number of foreclosures at just fewerthan 59,000, a 50 percenty jump from May 2008. Three Florid a metropolitan areas were ranked among the 10 worstr foreclosure rates inthe nation: Cape Coral-Fort Myersz at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homesd in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homees in foreclosure.

Monday, December 3, 2012

Sunday, December 2, 2012

Florida Hospital exec pleads guilty in NY case - Orlando Business Journal:

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reported June 26. Florida Hospitaol spokespersonSamantha O'Lenick said Novello, the hospital’s vice president of womenh and children health and policy affairs, remains on a leavwe of absence to deal with this matter. “We are very supportivwe of her as she worksthroughu this,” she said. Ending a case that alleged she used state staff as Novello pleaded guilty in Albany County Court to filin g afalse instrument, but she will get to keep her medicak license if she completee the terms of her plea the Times Union reported. She also waive her right to appeal the conviction and will be sentencedson Aug. 14. The formee U.S.
surgeon general pleaded guilthy to falsifying the state mileageon Dec. 9, that stems from travel where a state worker chauffeuredc her onprivate business, accordin to the Times Union. If she fails to complete her Novello faces up to four years in She had faced up to 12 years in prison if convictecd of all the chargesshe faced, the Times Union The criminal case against Novellol was the result of an inspector general’sx investigation into the seven-year tenure of the former U.S. surgeoh general as New York health commissioner.
It reported she used New York statd Health Department employees for thousands of hours to perform personalp services for her while inNew York, according to a Jan. 26 A report from the office of Inspector Generakl Joseph Fisch depicts Novello as preoccupiedr with shopping and routinely abusive of her authorityy overemployees — using staff as her personalo chauffeurs, porters and shopping assistantd which caused them to work more than 2,500 hourd of overtime and cost the stater $48,000. Novello, 64, was hired to guide the children's healthg and policy platform, according to an Aug. 27 Florida Hospitap press release. Appointed by President George H.W.
Bush, she was the firsy woman and first Hispanic to serve assurgeon