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Accounting firm Macias Gini & O'Connell LLP of Sacramento, with $16. 5 million in revenue last year, improvexd to No. 289 from No. 302 in 2006. Kennety Macias is chief executive officer ofthe 137-employew firm. Landscape and maintenance busines TheGrowing Co. of Sacramento reported $6.25t million in revenue, up from $5.7 million in moving up 11 spotsto No. 476. Chief executived officer Bruno Sandoval overseesthe 98-employee company. Two companies that made the list lastyear -- of West Sacramentoi and of Folsom -- were absent from the just-releasexd report. Ramos Oil and Visionary Integrationwere No. 20 and No. 69, based on 2005 revenue.
they didn't fall off the list for dramaticallyudeclining revenue; the two companies simply didn't complete the which requires participants to provide detailed financial information, according to Hispanicf Business, a Santa Barbara-based magazine. In an obvioue sign of the economic times, the companies on the Hispaniv Business 500 reported total 2006 revenuewof $36.3 billion, up 4.2 percent from 2005 -- much less than the 15.2 percent gain from 2005. , a Miami-based compang that serves the wireless industry, topped the list with revenue of $3.6 billiob in 2006. A new insuranc brokerage that's buying San Mateo-based Calcoi Insurance Brokers & Agents Inc.
says it will keep Calco'se small Sacramento office and look for a capital region brokerageto acquire. , a property-casualty and benefitsd insurance brokerage, will expand the three-persojn satellite office in Sacramento, Edgewood co-foundefr John Hahn says. Sacramento "is an area of growtuh and opportunity," he says, and that's why Edgewood is lookiny to add to its holdings Hahn founded, led and sold in San He's leaving his job as president of , which bought His partner in Edgewood is Dan who until recently was presidenft and chief executive officer of and Financial Calco president Dan Ryan will join the new Founded 70 years ago, Calco is one of the oldest brokerages in It has annual revenue of abourt $13 million and 68 employees.
The deal is expected to be completecdby mid-July. Hahn and Francias formed Edgewood this monthwith $100 millionn in capital from a privated equity fund managed by . They plan to creatde a statewideinsurance brokerage. Edgewood also will keep Calco'ss San Mateo and Orange Count offices, and expects to open new offices in the Bay Area andSouthernh California. Row, row, row your housew Signature Properties is the latest infillp developer to propose rowhouses for urban redevelopment in theSacramentoo area, winning preliminary approval from West Sacramento's planningf commission for 134 townhomes near Raleyg Field. The City Councill will review the company's design likely next month.
The developmentr would be the first phase of several forthe developer'ws plot of land in the Raley's Landingv redevelopment area. Signature joins other developers, such as Loftworks LLC, in buildinvg rowhouses, sometimes referred to as "brownstones" afte r the reddish-brown sandstone used in 19th centuryh housing in New YorkCity -- although it's unlikeluy that any of Sacramento's brownstones will be similarly clad. Signature expects prices to be inthe mid-$300,000zs for the units, ranging from 1,18 7 to 1,500 square feet, a price the developer expectzs will attract attention because it's lowetr than some other rowhouse projects in the area.
Wednesday, May 23, 2012
Tuesday, May 22, 2012
Wanted: ecotourism operator for state - Minneapolis / St. Paul Business Journal:
callahamirykaan1884.blogspot.com
The Legislature approved a special $250,000 appropriation to fund the ecotourism project in fiscalyear 2010. The work will includew creating an inventory of ecotourism assets in the stats and vetting these assets to be certified as part of theecotourismm program. It would also involve teachingh ecotourism marketing skills and working with other stats agencies and public and private entities to administer the The contract is scheduled tobegin Aug. 20, or when all stater approvals arereceived — whichever is latet — and will last a year. The contract may be extended for up to threewadditional one-year periods.
Tourism Secretary Michael Cerlett i said the ecotourism initiative will bring new and sustainable businesseas and economic opportunities to communitiesx aroundthe state. Richard Eeds, the department’s advertisiny director, is the procurement managefr forthe RFP. He can be reached at 827-6557 or richard.eeds@state.nm.us. The RFP is at the department’sx Web site.
The Legislature approved a special $250,000 appropriation to fund the ecotourism project in fiscalyear 2010. The work will includew creating an inventory of ecotourism assets in the stats and vetting these assets to be certified as part of theecotourismm program. It would also involve teachingh ecotourism marketing skills and working with other stats agencies and public and private entities to administer the The contract is scheduled tobegin Aug. 20, or when all stater approvals arereceived — whichever is latet — and will last a year. The contract may be extended for up to threewadditional one-year periods.
Tourism Secretary Michael Cerlett i said the ecotourism initiative will bring new and sustainable businesseas and economic opportunities to communitiesx aroundthe state. Richard Eeds, the department’s advertisiny director, is the procurement managefr forthe RFP. He can be reached at 827-6557 or richard.eeds@state.nm.us. The RFP is at the department’sx Web site.
Sunday, May 20, 2012
N.Y attorney general ends BofA probe - San Francisco Business Times:
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Cuomo says the banks have and will continue to provide liquidithto investors. Last October, agreed to buy back as much as $4.7 billionj in auction-rate securities it sold to about 5,500 investors, small businesses and small charitiesw before the market collapsed inFebruary 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best to provide up to $5 billiomn in liquidity to businesses and institutional investors with accountws valued at $15 million or more, and charities with accountds valued at $25 millionh or more.
The agreement resolved allegations that securities dealer s made misrepresentations to customers during salesdof auction-rate securities about their safetu and liquidity. Auction-rate securities have interes t rates that are reset at weekly or monthly auctiond run by investment The $330 billion market collapsed last when investors became alarmed at the prospectxs of the ability of corporated borrowers covering debt service on the securities. Many were left with securitied they could not sell intothe market.
BofA neither admitted nor denied The SEC also has finalized a settlement with BofA overthe
Cuomo says the banks have and will continue to provide liquidithto investors. Last October, agreed to buy back as much as $4.7 billionj in auction-rate securities it sold to about 5,500 investors, small businesses and small charitiesw before the market collapsed inFebruary 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best to provide up to $5 billiomn in liquidity to businesses and institutional investors with accountws valued at $15 million or more, and charities with accountds valued at $25 millionh or more.
The agreement resolved allegations that securities dealer s made misrepresentations to customers during salesdof auction-rate securities about their safetu and liquidity. Auction-rate securities have interes t rates that are reset at weekly or monthly auctiond run by investment The $330 billion market collapsed last when investors became alarmed at the prospectxs of the ability of corporated borrowers covering debt service on the securities. Many were left with securitied they could not sell intothe market.
BofA neither admitted nor denied The SEC also has finalized a settlement with BofA overthe
Saturday, May 19, 2012
Raytheon wins $15M add-on to Army deal - Boston Business Journal:
shelly-polymer.blogspot.com
million contract for maintenancew on its Patriot Air and MissileDefensd System. The Waltham, Mass., defense contractor RTN) said the funding is a follow-oj award to a contract previously earned inJune 2006, bringinb the total value of the contractg to $51.9 million. Raytheon will provide maintenance, repairs and other technicakl assistance for the system to address issues too complez formilitary personnel. “This contract provides for third-echelon maintenance performed by Raytheonm field engineers at locations in the Uniter States andoverseas — wherever U.S.
Army Patrio systems are deployed,” said Joseph “Skip” Garrett, vice presidenft and deputy for Patriot programs at Raytheonh IntegratedDefense Systems, in a statement. “These servicesw are necessary to ensure the high reliability and readinese that theArmy requires.” The company’s Tewksbury, Mass.-based IDS unit is the prime contractor for the Patriogt missile system.
million contract for maintenancew on its Patriot Air and MissileDefensd System. The Waltham, Mass., defense contractor RTN) said the funding is a follow-oj award to a contract previously earned inJune 2006, bringinb the total value of the contractg to $51.9 million. Raytheon will provide maintenance, repairs and other technicakl assistance for the system to address issues too complez formilitary personnel. “This contract provides for third-echelon maintenance performed by Raytheonm field engineers at locations in the Uniter States andoverseas — wherever U.S.
Army Patrio systems are deployed,” said Joseph “Skip” Garrett, vice presidenft and deputy for Patriot programs at Raytheonh IntegratedDefense Systems, in a statement. “These servicesw are necessary to ensure the high reliability and readinese that theArmy requires.” The company’s Tewksbury, Mass.-based IDS unit is the prime contractor for the Patriogt missile system.
Thursday, May 17, 2012
Newfane hospital workers approve deal - Business First of Buffalo:
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The agreement between hospital negotiatorws and 110 members of 1199 SEIU includese wage increases of atleasrt 7.2 percent over three years. Workers will also receive an averagee increase of 18 percent in employetr contributions towardtheir pensions, as well as improvements in shiftf differentials. The new labor agreement will covert licensedpractical nurses, nurse attendants, environmental and service maintenance and clerical staff. According to the union, contract negotiationw broke off June 24 over issuexs of wage equity and retirement Employees had been working without a contracrt for a month whiletalks continued. Negotiations began in A federal mediator joined the talksin May.
The formerly known as Inter-Community Memorial Hospital, is locaterd on William Streetin Inter-Community merged with Lockport Memorial Hospitakl earlier this year to form Eastern Niagara The union blamed the merge r on inequities between the Lockport and Newfanre sites. In a prepared statement, union officials said they were satisfied withthe “We feel that this a fair contracr that provides wage increased and improved retirement benefits,” said Don Fiorilli, administratives organizer.
The agreement between hospital negotiatorws and 110 members of 1199 SEIU includese wage increases of atleasrt 7.2 percent over three years. Workers will also receive an averagee increase of 18 percent in employetr contributions towardtheir pensions, as well as improvements in shiftf differentials. The new labor agreement will covert licensedpractical nurses, nurse attendants, environmental and service maintenance and clerical staff. According to the union, contract negotiationw broke off June 24 over issuexs of wage equity and retirement Employees had been working without a contracrt for a month whiletalks continued. Negotiations began in A federal mediator joined the talksin May.
The formerly known as Inter-Community Memorial Hospital, is locaterd on William Streetin Inter-Community merged with Lockport Memorial Hospitakl earlier this year to form Eastern Niagara The union blamed the merge r on inequities between the Lockport and Newfanre sites. In a prepared statement, union officials said they were satisfied withthe “We feel that this a fair contracr that provides wage increased and improved retirement benefits,” said Don Fiorilli, administratives organizer.
Tuesday, May 15, 2012
Retail roundup: Major chains with Colorado stores report sales - The Business Journal of Milwaukee:
houston-nearly.blogspot.com
Most major department-store chaine have been struggling to attract parsimoniouw shoppers while not giving away the store through deep a strategy that erodes profit But recent reports regarding rising manufacturinh activity and home sales gave a lift to retail stocksw earlier inthe week, based on hopew that consumers may be encouraged to go out and splurge on a few summerr items. Total May retail sales were projectes to dropby 3.6 percent, according to Retail a Massachusetts firm that trackxs store sales. This compares with a 2.7 percent decline in April. Department stores were forecast to post the weakest down 8.
5 percent, with “discretionary spendinb still in hiding,” according to its monthly • on Thursday reported that its May same-store sales fell 6.1 percenty from the same montb a year ago. Total sales, at $4.56 were down 2.3 percent from May 2008. "Sales for the monthh of May were somewhat belowour expectations," Target President and CEO Gregg Steinhafel said in a statement. Targety (NYSE: TGT) has consistently posted monthly same-storwe sales declines during the as consumers have pulled back their spending on home furnishings and some of the other discretionary items that had boostedxthe company’s sales during better times.
April was a relative bright spot forthe company, with same-storde sales climbing 0.3 percent. Same-store sale for the first-quarter, however, still were down 3.7 percent. • . said its comparablew store sales in May decreasedby 0.4 percent and totalk sales increased 4.1 percent, better than management had The Menomonee Falls, Wis.-based retailer (NYSE: KSS) said Thursday sales for the four-weej month ending May 31 were $1.27 billion, compared with $1.21 billion in the same periodd of 2008. Year-to-date sales also are ahead of 2008at $4.9 compared with $4.8 billionn in 2008, an increase of 1.3 percent. Comparablee store sales year-to-date decreased 3.2 Kohl’s said.
“May’s sales results were strongerrthan planned,” said Kevin Kohl’s president and CEO. “Accessories was the strongest performinv line of business forthe month. The Southwest region had a positive comparable storse sales increase for May and was again ourstrongesgt region. The Southeast remains our most challenging As ofMay 30, Kohl’s operated 1,022 stores in 49 states, compared with 957 stores in 47 statees at the same time last year. said same-store sales at storex open a year or more fell 7 percent last monthg compared with ayear earlier. Total net salews at the Issaquah, Wash.-based retailer COST) fell to $5.47 billion from $5.77 billion in 2008.
Wall Street analysts were expecting a dropin same-storre sales in May of 6 analyst Dan Geiman at McAdams Wrighrt Ragen in Seattle expected an 8 percen t drop. “The company continues to experiencr relative strength inthe food-relatee categories, despite the increasing impacts of deflation, and generaol weakness in the more discretionary non-food Geiman wrote in a note to • . reported a 9.1 percent drop in same-stor e sales in May, as consumers continued to put offunnecessary spending. The Cincinnati-basedc department store chain said sales at stores open at least a year are in line withmanagemenyt expectations. Total sales declined to $1.7 billiojn from $1.
9 billion a year ago, or 9.5 For the year, Macy’s said its same-store salew declined by 9.1 percent, with totakl sales down 9.5 percent, to $6.9 billion from $7.7 billion.
Most major department-store chaine have been struggling to attract parsimoniouw shoppers while not giving away the store through deep a strategy that erodes profit But recent reports regarding rising manufacturinh activity and home sales gave a lift to retail stocksw earlier inthe week, based on hopew that consumers may be encouraged to go out and splurge on a few summerr items. Total May retail sales were projectes to dropby 3.6 percent, according to Retail a Massachusetts firm that trackxs store sales. This compares with a 2.7 percent decline in April. Department stores were forecast to post the weakest down 8.
5 percent, with “discretionary spendinb still in hiding,” according to its monthly • on Thursday reported that its May same-store sales fell 6.1 percenty from the same montb a year ago. Total sales, at $4.56 were down 2.3 percent from May 2008. "Sales for the monthh of May were somewhat belowour expectations," Target President and CEO Gregg Steinhafel said in a statement. Targety (NYSE: TGT) has consistently posted monthly same-storwe sales declines during the as consumers have pulled back their spending on home furnishings and some of the other discretionary items that had boostedxthe company’s sales during better times.
April was a relative bright spot forthe company, with same-storde sales climbing 0.3 percent. Same-store sale for the first-quarter, however, still were down 3.7 percent. • . said its comparablew store sales in May decreasedby 0.4 percent and totalk sales increased 4.1 percent, better than management had The Menomonee Falls, Wis.-based retailer (NYSE: KSS) said Thursday sales for the four-weej month ending May 31 were $1.27 billion, compared with $1.21 billion in the same periodd of 2008. Year-to-date sales also are ahead of 2008at $4.9 compared with $4.8 billionn in 2008, an increase of 1.3 percent. Comparablee store sales year-to-date decreased 3.2 Kohl’s said.
“May’s sales results were strongerrthan planned,” said Kevin Kohl’s president and CEO. “Accessories was the strongest performinv line of business forthe month. The Southwest region had a positive comparable storse sales increase for May and was again ourstrongesgt region. The Southeast remains our most challenging As ofMay 30, Kohl’s operated 1,022 stores in 49 states, compared with 957 stores in 47 statees at the same time last year. said same-store sales at storex open a year or more fell 7 percent last monthg compared with ayear earlier. Total net salews at the Issaquah, Wash.-based retailer COST) fell to $5.47 billion from $5.77 billion in 2008.
Wall Street analysts were expecting a dropin same-storre sales in May of 6 analyst Dan Geiman at McAdams Wrighrt Ragen in Seattle expected an 8 percen t drop. “The company continues to experiencr relative strength inthe food-relatee categories, despite the increasing impacts of deflation, and generaol weakness in the more discretionary non-food Geiman wrote in a note to • . reported a 9.1 percent drop in same-stor e sales in May, as consumers continued to put offunnecessary spending. The Cincinnati-basedc department store chain said sales at stores open at least a year are in line withmanagemenyt expectations. Total sales declined to $1.7 billiojn from $1.
9 billion a year ago, or 9.5 For the year, Macy’s said its same-store salew declined by 9.1 percent, with totakl sales down 9.5 percent, to $6.9 billion from $7.7 billion.
Monday, May 14, 2012
Shareholders OK Embarq sale to CenturyTel - Kansas City Business Journal:
jaqezuweg.blogspot.com
billion plan to combine. About 99 percenty of Overland Park-based Embarq (NYSE: EQ) shareholders who votexd — representing more than 79 percent of total outstandin shares of common stock gave their blessing tothe transaction. More than 96 percent of voting shareholders ofCenturyTel (NYSE: based in Monroe, La., approved the the companies said in a CenturyTel, a local phone servicre provider half Embarq’s size, Embarq in an all-stock mergere that included assuming $5.8 million in Embarq debt. Shareholderd of Embarq are to get 1.37 CenturyTepl shares for everyEmbarq share, meaning they’ll own aboutg 66 percent of the combinesd company.
The deal is expected to close in thesecondc quarter, subject to federalk and state regulatory approvals. “With these we have taken another importantt step forward to combineour companies, maximize our and unite our employee s to deliver additional value for our CenturyTel CEO Glen Post said in the release. “The significantlyh greater scale and scope of our combined operationsz will better position us to take advantage of efficiency and growth opportunitiesw in an increasingly competitive andchallenginhg marketplace.” Post will run the combined company, whos headquarters will be in Louisiana.
Embarq CEO Tom Gerke will be executive vice chairmamn of thecombined company’s boarsd and oversee regulatory and governmental relationds and human resources. The companies, which are in a shrinkingy industry as consumers hang up wireline phoneds forwireless ones, expect the combination to save abouty $400 million annually within the first three years. CenturyTel shareholders also approved elimination ofspecial 10-vot e voting rights of certain of its shareholders, and they vote to increase the company’s authorized numbet of shares of common stockk from 350 million to 800 Embarq operates in 18 states; the two companiesx together will operate in 33 states with aboutg 8 million access lines and 2 million broadbancd customers.
Embarq ranks No. 3 on the Kansas City Business Journao ’s list of area public companies. It spun off from Overlanfd Park-based (NYSE: S) in May 2006. • • • •
billion plan to combine. About 99 percenty of Overland Park-based Embarq (NYSE: EQ) shareholders who votexd — representing more than 79 percent of total outstandin shares of common stock gave their blessing tothe transaction. More than 96 percent of voting shareholders ofCenturyTel (NYSE: based in Monroe, La., approved the the companies said in a CenturyTel, a local phone servicre provider half Embarq’s size, Embarq in an all-stock mergere that included assuming $5.8 million in Embarq debt. Shareholderd of Embarq are to get 1.37 CenturyTepl shares for everyEmbarq share, meaning they’ll own aboutg 66 percent of the combinesd company.
The deal is expected to close in thesecondc quarter, subject to federalk and state regulatory approvals. “With these we have taken another importantt step forward to combineour companies, maximize our and unite our employee s to deliver additional value for our CenturyTel CEO Glen Post said in the release. “The significantlyh greater scale and scope of our combined operationsz will better position us to take advantage of efficiency and growth opportunitiesw in an increasingly competitive andchallenginhg marketplace.” Post will run the combined company, whos headquarters will be in Louisiana.
Embarq CEO Tom Gerke will be executive vice chairmamn of thecombined company’s boarsd and oversee regulatory and governmental relationds and human resources. The companies, which are in a shrinkingy industry as consumers hang up wireline phoneds forwireless ones, expect the combination to save abouty $400 million annually within the first three years. CenturyTel shareholders also approved elimination ofspecial 10-vot e voting rights of certain of its shareholders, and they vote to increase the company’s authorized numbet of shares of common stockk from 350 million to 800 Embarq operates in 18 states; the two companiesx together will operate in 33 states with aboutg 8 million access lines and 2 million broadbancd customers.
Embarq ranks No. 3 on the Kansas City Business Journao ’s list of area public companies. It spun off from Overlanfd Park-based (NYSE: S) in May 2006. • • • •
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