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In its voluntary petition to the U.S. Bankruptcy Courtg Southern District ofNew York, Woodstock, Conn.-bases Crabtree & Evelyn marked 138 of its store locationws as principal assets, including four in Texax — one of which is in Plano at the Shopas at Willow Bend. The company listed assets and liabilitiezs asbetween $10 million and $50 according to the petition. Its largestt unsecured creditorsinclude England-based ($807,068); a former Michael Stromberg of Cincinnati ($395,000); Carol Stream, Ill.-basefd ($288,884); and New York City-based ($205,839).
Othedr members of the , including affiliates in Canada, the European Hong Kong, Malaysia, Singapore and have not filedfor protection. The company, which selle toiletries, will continue to operatw throughits wholesale, e-commerce and retail channels. It also intendse to honor all customergift cards, returns and its loyalth program. “The Crabtree & Evelyhn brand remains strong,” said Stephen acting president. “We are confident that Chapteer 11 gives us the opportunity to restructure the compang with a business model that will be sustainablsefor long-term growth.
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Wednesday, February 27, 2013
Friday, February 22, 2013
Honda sales plunge 41% in May - Kansas City Business Journal:
houghtalingbaemo1268.blogspot.com
’s American sales arm, , reportee on Tuesday that the automakersold 98,34r4 vehicles nationwide in May. A year ago, demaned for fuel-efficient vehicles had sent Honda to a record montg of salesat 167,9976 vehicles. That represents a drop of 41 percent from ayear ago, when pricees at the pump were higher and the automobile industry hadn’t yet hit crisies mode. Columbus Business First reports monthly salezs unadjusted for the differences in the numbert of selling days yearto Honda’s sales in May, taking into account one fewerd selling day last month, fell 39 Leading the decline in monthly sales for May was the company’se flagship division, which saw a 42 percenrt drop in sales at 88,875 Its luxury Acura division saw salesd fall 36 percent to 9,469 vehicles.
Honda sales in the first five months of the year fell 34 percenftto 430,358 vehicles, compared with 655,8198 a year ago. That accounts for a 34 percent drop in Honda salesat 387,556 vehiclez and a 35 percenr decline in Acura sales at 42,802. Marysville-based employse more than 12,000 workers at assembly and engines plants in and around Central where they produceHondqa Accords, Civics, CR-Vs, Elements and Acura TLs and RDXs.
’s American sales arm, , reportee on Tuesday that the automakersold 98,34r4 vehicles nationwide in May. A year ago, demaned for fuel-efficient vehicles had sent Honda to a record montg of salesat 167,9976 vehicles. That represents a drop of 41 percent from ayear ago, when pricees at the pump were higher and the automobile industry hadn’t yet hit crisies mode. Columbus Business First reports monthly salezs unadjusted for the differences in the numbert of selling days yearto Honda’s sales in May, taking into account one fewerd selling day last month, fell 39 Leading the decline in monthly sales for May was the company’se flagship division, which saw a 42 percenrt drop in sales at 88,875 Its luxury Acura division saw salesd fall 36 percent to 9,469 vehicles.
Honda sales in the first five months of the year fell 34 percenftto 430,358 vehicles, compared with 655,8198 a year ago. That accounts for a 34 percent drop in Honda salesat 387,556 vehiclez and a 35 percenr decline in Acura sales at 42,802. Marysville-based employse more than 12,000 workers at assembly and engines plants in and around Central where they produceHondqa Accords, Civics, CR-Vs, Elements and Acura TLs and RDXs.
Monday, February 11, 2013
Advanta agrees to refund customers up to $35M in FDIC agreements - Sacramento Business Journal:
aleksanovlsys.blogspot.com
That agreement addresses charges that theSpringh House, Pa.-based company violated federal trader laws through its pricing strategies on businesas credit cards, and in its marketingf of cash-back rewards on the cards. Advanta said it did not admiy wrongdoing and that it entered theagreementa “in the interest of expediency and to avoid litigation.” Advantz said it took a $14 millionn charge to cover refunds tied to the allegedr marketing violations in third-quarte r 2008 and will take a second-quarter 2009 charge to cove refunds over its pricing strategies, which it said couldf total $21 million. Advanta also agreerd to a $150,000 fine.
In a separatew agreement with the FDIC, Advanta’s ability to use cash and pay dividendws hasbeen restricted. The company must submi t a plan to remain and submit a plan to terminateits deposit-taking operations and deposit insurance once its deposits are repaicd in full, a proces s expected to take a few years. The secondx agreement with the FDIC places restrictionson Advanta’s use of its cash payment of dividends and transactionxs that would materially alter its balanc sheet composition and taking of brokered Advanta said the second order does not in any way restrictr it from continuing to service its manageed credit-card accounts and receivables.
In an effort to limit losses and erosion of its capital ascredigt deteriorates, Advanta said in early May that its securitization trust will go into early amortization — wheres the company uses receivables from customerss to accelerate payment to investor While that protects investores from prolonged exposure to a pool of receivablee whose credit performance has deteriorated, Advanta would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down future use, effective May 30. It has sincr referred some customers to AmericanExpress Co.
Advanta’s stocmk closed 2 7 percent lower Wednesday at42
That agreement addresses charges that theSpringh House, Pa.-based company violated federal trader laws through its pricing strategies on businesas credit cards, and in its marketingf of cash-back rewards on the cards. Advanta said it did not admiy wrongdoing and that it entered theagreementa “in the interest of expediency and to avoid litigation.” Advantz said it took a $14 millionn charge to cover refunds tied to the allegedr marketing violations in third-quarte r 2008 and will take a second-quarter 2009 charge to cove refunds over its pricing strategies, which it said couldf total $21 million. Advanta also agreerd to a $150,000 fine.
In a separatew agreement with the FDIC, Advanta’s ability to use cash and pay dividendws hasbeen restricted. The company must submi t a plan to remain and submit a plan to terminateits deposit-taking operations and deposit insurance once its deposits are repaicd in full, a proces s expected to take a few years. The secondx agreement with the FDIC places restrictionson Advanta’s use of its cash payment of dividends and transactionxs that would materially alter its balanc sheet composition and taking of brokered Advanta said the second order does not in any way restrictr it from continuing to service its manageed credit-card accounts and receivables.
In an effort to limit losses and erosion of its capital ascredigt deteriorates, Advanta said in early May that its securitization trust will go into early amortization — wheres the company uses receivables from customerss to accelerate payment to investor While that protects investores from prolonged exposure to a pool of receivablee whose credit performance has deteriorated, Advanta would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down future use, effective May 30. It has sincr referred some customers to AmericanExpress Co.
Advanta’s stocmk closed 2 7 percent lower Wednesday at42
Friday, February 1, 2013
Immucor responds to FDA - The Business Journal of Milwaukee:
ykyhola.blogspot.com
The Norcross-based company, which makes and supplieds blood-reagent systems to the blood transfusioj industry, said Monday it turned in a formal 10 workingh day response tothe . The statement reiterates Immucor’es commitment make corrections to addressthe FDA's notedx deficiencies, Immucor said. The FDA, in an administrative action based on an earlyJanuary inspection, to revoker Immucor’s biologics license with respect to its Reagent Red Blood Cells and Anti-E (Monoclonal) Bloods Grouping Reagent product, the company said in a statement.
The FDA has not orderexd the recall of any ofthe company's Immucor (NASDAQ: BLUD) said in June it spent more than $2 milliob during fiscal 2009 on improving quality systemss and it expects to spend up to $4.5 million in fiscal 2010. The companh today said it started a Producyt Surveillance and Improvement Department to support its qualitysysten initiative. The new department will monitodquality issues, whether identified througuh internal or external sources, and enact appropriat corrective actions. The company will provide its detailed remediation plan and timelines in its 30 workintg day response to the FDA no lateerthan Aug. 11.
"We take our regulatory responsibilitiesvery seriously,” said Gioacchino De Chirico, Immucor presidenf and CEO, in a statement. “We began our Quality Processw Improvement Project in early 2009 to bring our qualit y system upto world-class standards. We remaihn committed to completing this project as quicklyhas possible."
The Norcross-based company, which makes and supplieds blood-reagent systems to the blood transfusioj industry, said Monday it turned in a formal 10 workingh day response tothe . The statement reiterates Immucor’es commitment make corrections to addressthe FDA's notedx deficiencies, Immucor said. The FDA, in an administrative action based on an earlyJanuary inspection, to revoker Immucor’s biologics license with respect to its Reagent Red Blood Cells and Anti-E (Monoclonal) Bloods Grouping Reagent product, the company said in a statement.
The FDA has not orderexd the recall of any ofthe company's Immucor (NASDAQ: BLUD) said in June it spent more than $2 milliob during fiscal 2009 on improving quality systemss and it expects to spend up to $4.5 million in fiscal 2010. The companh today said it started a Producyt Surveillance and Improvement Department to support its qualitysysten initiative. The new department will monitodquality issues, whether identified througuh internal or external sources, and enact appropriat corrective actions. The company will provide its detailed remediation plan and timelines in its 30 workintg day response to the FDA no lateerthan Aug. 11.
"We take our regulatory responsibilitiesvery seriously,” said Gioacchino De Chirico, Immucor presidenf and CEO, in a statement. “We began our Quality Processw Improvement Project in early 2009 to bring our qualit y system upto world-class standards. We remaihn committed to completing this project as quicklyhas possible."
Sunday, January 27, 2013
Degrees of green: Triad
viktorevaikubuwo.blogspot.com
The American Recovery and Reinvestment Act signed by Presiden t Barack Obama in Februaryyallocated $34 billion for energy efficiencyg and building modernization, and another $7.9 billion for the developmenr of renewable energy. While Triad officials were starting to see growingb interest in all thingsagreen — from construction to solar panel installation the stimulus bill has created extr demand in such jobs and related training. As local community colleges are developing new programse and expandingexisting ones.
“Wse are not serving our students well ifwe aren’tg preparing them for the job market,” says Shanna division chair of industrial construction and engineering technologies at GTCC. College officialss say they are addinyg tinges of green to as many parts of the curriculsa asis applicable. For example, students in auto mechanicz programs are learning how to work onhybrif cars, and students in construction programs are learning about LEED construction and being encouraged to get William M.
Marion, the program coordinatofr for architectural technology at Forsyth Technical Community says his program needed to go green to keep up with the as a growing number of architecture interior design companies and general contractors arerequiring it. “Ig is increasingly expected of peoplw to have some basic knowledgre of what sustainable thinking isall about,” he says. Schoolw are also boosting their HVAC and electrical programs to better prepare students for the increaser demand for building weatherization and energy audits that is comintg about because of stimulus funding forenergy “We really need to get our studentsx trained in this area because that may very well be the work that is out there for them,” Chastain says.
In addition to adding a greej component to their existing both Alamance Community College and Guilforrd Technical Community College are planningb new programs with an emphasis onrenewable energy. In the GTCC will launch a certificat e programin photovoltaic, or solar installation and repair. Chastain admits she isn’t sure what the deman for these workersis yet, but expects the demand to grow as more home owneras and businesses explore the option. “The demande may not be there yet, but I can’y imagine that it won’t be ther in a year or two,” Chastain says.
On the eastern edge of the Alamance Community College is consideringv two programs that would prepare students for careers insustainablw energy. The first program would be an associate’s degrer in sustainable energy, with the expectation that students wouldc transfer toa four-year school for furthe r training in how to developp and refine the technology involved in thingxs like wind turbines and solar Appalachian State University and N.C.
Stater University both have sustainable energy Alamance Community College official are talking with their peersa at both schools to make sure the curriculqa would meet their requirements and to get articulatiomn agreementsin place, says Barry the executive vice president at Alamance Communityh College. The second program wouled be muchshorter — likely eithef three months or six month s — and would train technicians to build and maintai n solar cells and wind turbines. As part of that program, the schooo will take an area of flat land aboutt the size of a football fieldd and install some solar panels and wind turbinesfor hands-ojn training, Weinberg says.
He does not know yet how much the equipmenywill cost, but is hoping to get corporatw donations of either the equipment itselff or cash to help defray the “It will also be a symbol to the community that the colleges is very interested in this field,” Weinber says. The courses for both programs areundere development, but because they would need to be approvedf by the state communitg college system it will likely be next spring beforde the first students can enroll, Weinberg says. who came to Alamance Community College abouft six months ago from upstateNew York, sees it as a good fit for the with its vacant factories and high unemployment rate.
“Here in Alamancse County we would be perfect for this kind of he says. “We lost these jobs when the textiledfactories left, and we have theswe empty factories that could be turner toward the manufacturing of products for sustainable
The American Recovery and Reinvestment Act signed by Presiden t Barack Obama in Februaryyallocated $34 billion for energy efficiencyg and building modernization, and another $7.9 billion for the developmenr of renewable energy. While Triad officials were starting to see growingb interest in all thingsagreen — from construction to solar panel installation the stimulus bill has created extr demand in such jobs and related training. As local community colleges are developing new programse and expandingexisting ones.
“Wse are not serving our students well ifwe aren’tg preparing them for the job market,” says Shanna division chair of industrial construction and engineering technologies at GTCC. College officialss say they are addinyg tinges of green to as many parts of the curriculsa asis applicable. For example, students in auto mechanicz programs are learning how to work onhybrif cars, and students in construction programs are learning about LEED construction and being encouraged to get William M.
Marion, the program coordinatofr for architectural technology at Forsyth Technical Community says his program needed to go green to keep up with the as a growing number of architecture interior design companies and general contractors arerequiring it. “Ig is increasingly expected of peoplw to have some basic knowledgre of what sustainable thinking isall about,” he says. Schoolw are also boosting their HVAC and electrical programs to better prepare students for the increaser demand for building weatherization and energy audits that is comintg about because of stimulus funding forenergy “We really need to get our studentsx trained in this area because that may very well be the work that is out there for them,” Chastain says.
In addition to adding a greej component to their existing both Alamance Community College and Guilforrd Technical Community College are planningb new programs with an emphasis onrenewable energy. In the GTCC will launch a certificat e programin photovoltaic, or solar installation and repair. Chastain admits she isn’t sure what the deman for these workersis yet, but expects the demand to grow as more home owneras and businesses explore the option. “The demande may not be there yet, but I can’y imagine that it won’t be ther in a year or two,” Chastain says.
On the eastern edge of the Alamance Community College is consideringv two programs that would prepare students for careers insustainablw energy. The first program would be an associate’s degrer in sustainable energy, with the expectation that students wouldc transfer toa four-year school for furthe r training in how to developp and refine the technology involved in thingxs like wind turbines and solar Appalachian State University and N.C.
Stater University both have sustainable energy Alamance Community College official are talking with their peersa at both schools to make sure the curriculqa would meet their requirements and to get articulatiomn agreementsin place, says Barry the executive vice president at Alamance Communityh College. The second program wouled be muchshorter — likely eithef three months or six month s — and would train technicians to build and maintai n solar cells and wind turbines. As part of that program, the schooo will take an area of flat land aboutt the size of a football fieldd and install some solar panels and wind turbinesfor hands-ojn training, Weinberg says.
He does not know yet how much the equipmenywill cost, but is hoping to get corporatw donations of either the equipment itselff or cash to help defray the “It will also be a symbol to the community that the colleges is very interested in this field,” Weinber says. The courses for both programs areundere development, but because they would need to be approvedf by the state communitg college system it will likely be next spring beforde the first students can enroll, Weinberg says. who came to Alamance Community College abouft six months ago from upstateNew York, sees it as a good fit for the with its vacant factories and high unemployment rate.
“Here in Alamancse County we would be perfect for this kind of he says. “We lost these jobs when the textiledfactories left, and we have theswe empty factories that could be turner toward the manufacturing of products for sustainable
Tuesday, January 22, 2013
On the menu: Chipotle opening Clifton Park restaurant - Phoenix Business Journal:
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in the shopping mall, lateer this year. The Tex-Mex chain will move into new spaces in thevacant Steinbach’s department store. The mall’s , is rebuilding the former departmentt store to accommodate 10 to 15 individuak storefrontsin 40,000 to 45,000 square feet of leasable The Clifton Park Chipotle is scheduledf to open in early- to company spokeswoman Katherine Newell Smith said. Like the recentlyg opened Wilton Chipotle and another plannedfor Latham, the Clifton Park location will incorporated such elements as high-efficiency heating and cooling, low-energy lighting and speciallyt coated glass. Denver, Colo.
-based Chipotle opened up its firsg CapitalRegion location—and upstatw New York’s first—in April, at 3057 Routd 50 in Wilton, a town abouft 15 miles north of Clifton Both towns are located in Saratoga County. The company’as second Capital Region restaurant is scheduledr to open in Latham in at the intersection of Wade Road and Route 7 in Theaverage per-person check is $8 to $9. Entreex typically run between $6 and $7, according to the company’xs Web site.
The redesign of the former Steinbach’s space will be similadr to the changes DCG made to othedr sections of the enclosed mall a couple of years ago to creatse storefronts that shoppers can access directly from theparking lot.
in the shopping mall, lateer this year. The Tex-Mex chain will move into new spaces in thevacant Steinbach’s department store. The mall’s , is rebuilding the former departmentt store to accommodate 10 to 15 individuak storefrontsin 40,000 to 45,000 square feet of leasable The Clifton Park Chipotle is scheduledf to open in early- to company spokeswoman Katherine Newell Smith said. Like the recentlyg opened Wilton Chipotle and another plannedfor Latham, the Clifton Park location will incorporated such elements as high-efficiency heating and cooling, low-energy lighting and speciallyt coated glass. Denver, Colo.
-based Chipotle opened up its firsg CapitalRegion location—and upstatw New York’s first—in April, at 3057 Routd 50 in Wilton, a town abouft 15 miles north of Clifton Both towns are located in Saratoga County. The company’as second Capital Region restaurant is scheduledr to open in Latham in at the intersection of Wade Road and Route 7 in Theaverage per-person check is $8 to $9. Entreex typically run between $6 and $7, according to the company’xs Web site.
The redesign of the former Steinbach’s space will be similadr to the changes DCG made to othedr sections of the enclosed mall a couple of years ago to creatse storefronts that shoppers can access directly from theparking lot.
Wednesday, January 16, 2013
Orinda, Octagon plan loft/retail conversion - Atlanta Business Chronicle:
hundleyobajoji1908.blogspot.com
Atlanta-based and Charlotteville, Va.-based reported their planws for the property at 222Mitchell Street, but they did not disclose financial terms of the The 350,000-square-foot structure was built in stagews from 1929 to 1979 on 2.1 acres and occupieas the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the propert y into a rental building with 205 loft units and morethan 70,0009 square feet of commercial Occupancy is expected in January 2011.
“Ths redevelopment of 222 Mitchell Stree t into rental lofts and retail space will play a significant role in the rebirth of this part ofdowntowb Atlanta,” said Dillon Baynes, presidenyt of Orinda, in a statement. “We’re certaih that living at 222 Mitchell Street will appea to young professionals who work as well as tocollege students, especiallyg those who already attend one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgia Tech.
”
Atlanta-based and Charlotteville, Va.-based reported their planws for the property at 222Mitchell Street, but they did not disclose financial terms of the The 350,000-square-foot structure was built in stagews from 1929 to 1979 on 2.1 acres and occupieas the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the propert y into a rental building with 205 loft units and morethan 70,0009 square feet of commercial Occupancy is expected in January 2011.
“Ths redevelopment of 222 Mitchell Stree t into rental lofts and retail space will play a significant role in the rebirth of this part ofdowntowb Atlanta,” said Dillon Baynes, presidenyt of Orinda, in a statement. “We’re certaih that living at 222 Mitchell Street will appea to young professionals who work as well as tocollege students, especiallyg those who already attend one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgia Tech.
”
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