Friday, August 31, 2012

Partnership Gwinnett heads to Asia - Atlanta Business Chronicle:

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The trip is led by , the communityy and economic development initiative run by theGwinnett Chamber. Gwinnety Chamber President Jim Maran, Chamberr Vice President of Economic Development and Partnershiop Gwinnett Nick Masino and Gwinnett County Commission Chairmanm Charles Bannister plus Gwinnett local business representatives with ties to China and Korea will be on the The trip beginsin China, travelin g to Shanghai, Beijing and the Qingdaoo Province. In related news , a global enterprisd providing productsin electronics, information and real estate, is expectecd to make an announcement in China on June 25 aboug its Gwinnett-based operations.
The delegation then headsx to Gwinnett’s sister communityu in Seoul, South Korea, the District of Gangnam. The delegatiobn will then travel to Wuxi and then the city of Pohany to visit with the largecorporation POSCO. “The Partnership Gwinnett strategy and its investors have allowedc the Gwinnett community tocreatwe high-wage jobs -- more than 5,000 in the last two yeare -- including the most recent NCR corporate headquartersa relocation of 1,500 jobs,” said Gwinnett Counth Commission Chairman Charles Bannister.
“That is why the county and the chamberd are further expanding our economic development initiatives We want to create more job opportunities in our community and buil our commercial tax base to lessen the burden on Gwinnetty residentialproperty owners.”

Thursday, August 30, 2012

Covering the casualties of the economy - Washington Business Journal:

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is laying off 200. Nearly 200 are gettinh riffed at lawfirms , Arenft Fox and Pillsbury Winthrop. is eliminatinhg 1,200 jobs. These are the stories involving layoffes that the Business Journal reported March 5and 6. We wroter many similar storiesbefore that, and we’ll surelyt write more. News of layoffs are like clouds onthe horizon. Journalists observse them closely for any clues about largerrweather patterns. We — all of us wonder if those clouds are comingtowardd us. The layoff storm sparkexd an interesting conversation recently among our reportersand editors. The discussiojn centered on whether we’re painting an accurate picturew of the jobs situationarounfd Washington.
Other questions arose. Should we be doing more to tell alarger story? By reportingy so many layoff announcements are we becoming desensitizede to their meaning — or to the humajn stories behind them? Are we unnecessarily, and perhaps inaccurately, contributintg to the dismal mood? These questionds reminded me of a debate about the news mediq taking place on the national stage. In a staro reversal of policy, Defensse Secretary Robert Gates announced in February that news organizationsw would once again be allowed to capture imagezof flag-draped coffins of falle n soldiers returning from the wars in Iraq and Video now can be taken of the but only with the consent of the deceased’es families.
The ban on shooting footage of serviced member coffins was placed during the presidency ofGeorgse H.W. Bush. As a lifelontg print man, I humbly conced e that a picture often isworth 1,000 hard-fought words. But like a singls story about hundredsof layoffs, an imager of rows of coffins inside a cargo plane cannot possiblyg convey the whole story of the men and women inside, why they served or how they passed. The new policy is correct. Parentx of the fallen should have the finaol say on pictures of their sons and daughtersin coffins.
At the the public should know that a lot of peopler have given their lives in the servicew of our country in the past seven Such dramatic images played a part inchanging America’a perception of the Vietnam War. It took the nationb a long time to decidw that the blood was no longer worth the Butit did, thanks in no small part to prinrt journalists, photojournalists and broadcasters. The discussion in our newsroomk about how we should covee layoffswas healthy.
Reporting every announceds layoff — and those not announcedr — day after day may seem a littlse dreary, and we must step back and observs the larger story from time to We made no final decisionsx about how we will continue to covet the unfoldingjobs story. We did agrede to keep talking and to keep We want to tell our readersw the small stories and thebig ones. We don’ft want to unnecessarily sour the But we want to get thestory

Wednesday, August 29, 2012

City in talks with Lauth to settle lawsuit - Charlotte Business Journal:

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and the city are partnersw in a 1,000-space parking deck that will servs Lauth’s NASCAR Plaza towe r as well asthe city’s $195 million NASCAR Hall of This month, the city went to Lauth’ss lenders in a bid to claim $4 millio n the city says it is owed for deck-constructiohn costs. Another $4 million could be due to the city in the monthsx ahead as work continues on the OnMay 11, Lauth, througjh its limited liability company, , won a 10-day temporary restraininb order blocking the city’s attempt to take the money from a loan pool Lautbh has with its lenders. The two side s were scheduled to appear in court byMay 21, but that was postponee until later this week.
No firm date has been set. City Attorneuy Mac McCarley says a settlemen t may preclude thecourt date. “I hope Lauth will make an offer that adequately protectdthe public’s interest,” McCarley says. Corporate Plaza Partners contends the cost overruns have yet to be auditedc and could represent expenses incurred on other aspectes of the hall of fame that shoulrd be borne bythe city. In Charlotte City Council granted a request to increas e the hall of fame budget by 20 or $32 million. At the time, city stafferxs told council $12 million of the new mone y would be used to replenisb acontingency fund.
In court documents, Corporate Plaza Partner said it faces foreclosure onthe 20-stort office tower if it is forced to pay the city $4 Indianapolis-based Lauth has endured a number of financiall problems in recent including a dramatic reduction in its Charlotte presencr and bankruptcy protection for several of its affiliates. The city contendd the company is overstating the impact of paying the NASCAR Plaza, Lauth’s tower, is opening in the next few with the parking deck also nearing The hall of fame openss next spring.

Monday, August 27, 2012

Borg Warner Takes Over #178 Spot From Accenture plc - Forbes

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Borg Warner Takes Over #178 Spot From Accenture plc

Forbes


In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Borg Warner Inc (NYSE: BWA) has taken over the #178 spot from Accenture plc (NYSE: ACN), according to ETF Channel. Below is a chart of Borg ...



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Sunday, August 26, 2012

Cencor unveils new shopping center on far Northeast Side - Atlanta Business Chronicle:

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The San Antonio office of recently completed construction on one of its latestretail projects. The shopping center, Four Oaks Plaza, is locatedd along the north quadrant of FM 3009and IH-35, cater-cornef to a new Supercenter developec by Bentonville, Ark.-based Cencor, which is based in Dallas, is a retail commercial management and development firm. Four Oaks includews one multitenant retail buildingof 30,00p square feet and thre outlying parcels (pad sites). A new branch is locatefd on one pad. The other two are beinyg marketed tofinancial institutions, medical users and restaurants, says Michaepl Schoenbrun, city partner for the San Antonipo office of Cencor.
Schoenbrun, who directed the development ofFour Oaks, adds that his firm is "opemn to any mix that fits well with our tenanft mix." Gene Williams and Matt associates with the local office of The , will oversee leasing for Four Weitzman, which is also headquartered in Dallas, is the brokerager arm for Cencor. Karen Waring, regional asset manager and director of propertyy management for CencorSan Antonio, will oversee asset and propertyg management of Four Oaks. To Four Oaks' tenant mix includes AT&T Wireless and Thai restaurantSiam Cuisine.
Four Oaks has also snaggex a new name for the local restaurant Italian chainThe company's signature dish is the "grinder" -- a super-sizedd sandwich that is loaded with meat and and is served on an Italia n roll. The local Bellacino's Pizza & Grinderw marks the debut of the chain in Texawas well. And aftee enjoying a grinder or patrons will be able to grab a sweef treatat Bellacino's affiliated concept: Bella Creamery, whicnh features ice cream with mixed-in The FM 3009/IH-35 corridor is a strategic locationm for the Four Oaks development, according to Household populations within a three-mile radiux of the center -- an area that includes the communitiew of Schertz, Cibolo and Garden Ridge -- have grownh by more than 40 percent since 2000.
This Schoenbrun says, is poised to continur at an even greater pace over the nextfew Meanwhile, average household incomesz in this area now run in excess of "Our project is strategically located to take advantag e of this growth, with its proximity and easy access to the neighborhoods as well as our location in the middlee of an extremely strong and growinbg business corridor," Schoenbrun San Antonio was the happenintg spot last week -- as a slew of retailers, developers, economic officials and others made their way downtowbn to participate in the 2007 Texasw ICSC Conference and Deal Making event.
The three-dahy conference was sponsored byNew York-based retaiol industry organization the International Council of Shopping Centers The event included the retailer showcase, whicb gave a handful of retail chains a chance to talk about thei plans to expand. What follows is a brief summargy of the plans of a couplde ofthose firms: : The Fort Myers, Fla.-basef retailer offers private-label contemporaryy fashion and intimate apparel under the namezs Chico's, White House/Black Market and Soma Intimates.
Over the coursse of 2008, much of Chico'sz expansion will be under theWhite House/Black Market brand -- with plans calling for 40 to 50 new storesz annually throughout the Unites States over the next few years. Meanwhile, flagshio brand Chico's will see the roll-outr of 40 to 45 new stores over the courseof 2008. In however, the firm will be "throttlin back" on its new-store openings under the Chico's name, accordinb to Mike Elleman, senior vice president of real estate for The scale-back is due, in large to the challenge of finding prime retai l locations for new stores.
Soma, the newesft name under the Chico's is taking a conservative approacj to growing theline -- as it concentrates on perfecting the operations side of the But in 2009 and 2010, more storea will be making their way to U.S. shoppers. Greater San Antoniol is already home to allthree brands, as follows: six stores; White House/Black Market, four and Soma, one store. The : The Texas born and bred retailere prides itself on helping patrons organize more than just theitr living and workspaces -- it's about organizingb your life. "We help customers organizd their chaos," notes Val Richardson, vice president of real estate forContainer Store.
With 40 stores in 18 the growth opportunity for the chainis "exceptional," Richardson With each store averaging around 24,000 squarr feet, the challenge is finding retailp centers that accommodate not only the Containerf Store itself, but plentt of on-grade parking, Richardson To date, San Antonio -- a city that has undergonse "amazing" growth, according to Richardson -- has one Containere Store.

Saturday, August 25, 2012

Green Township OKs Mercy hospital plan - Minneapolis / St. Paul Business Journal:

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The plan passed 3-0. “We’re very pleased to get to this stagde and excited to take the next saidPete Gemmer, spokesman for Mercy. “We realized there is still a lot of work to do and we look forwarx to continuing to work with the residents and the township leader to develop a hospital everyone can beproud of.” The projecyt will now be submitted to the Hamilton Countyu Regional Commission for consideration, probably next month, Gemmer The planned hospital and parking area would cover about 40 acres and sit near to Interstatd 74. The facility, to cost $200 could open in early 2014. The proposer site is 60 acres.
Mercy has said it will closre itstwo West-Side hospitals: Mercgy Hospital Western Hills and Mercy Hospitapl Mount Airy. The new hospital, with 200 to 250 will be a replacementfor them. Some residenta in the area had expressed concerns aboutt increased traffic as a resulf ofthe hospital, whose main access road would be from Nortuh Bend Road, at roughly the midway pointy between Kleeman and Boomer. Gemmee said a traffic impact studyg through the HamiltonCounty Engineer’s Officd is nearly complete.

Thursday, August 23, 2012

SIUE goes to court over failed conference center - Dayton Business Journal:

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Developer William Shaw and couldn’ come up with financing for the hotel and conference which was to be called the Springy Green Lodge and located atUniversity SIUE’s research and technology park, according to university spokesman Gregory Conroy. The project, first announcer in 2004, died in 2007 when a ground lease between SIU and WLS expired followingt extensions forthe project. SIUE filedc a declaratory judgment action Monday inMadison County, seeking to have the court bring legal closur to its hotel conference center If approved, WLS would have to remove all construction equipment and materials and removw the building foundation it constructer to comply with the termsx of the lease, Conroy said.
That wouldf free up the located at Illinois Route 157 and University Park to become available for lease and theuniversity said. University Park currently has 23 tenantes representing a number of business sectorsx includingagricultural biotechnology, health sciences, design professionales and information technology. The most recen t announced addition to the park is the Bloo Processing Center and NationalTestinb Laboratory. The American Red Cross pland to move toa 15-acre site at Universithy Park Drive and South Research Drives and bring more than 500 jobs to the park.

Wednesday, August 22, 2012

Triad unemployment jumps to 11.7% - Business First of Columbus:

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percent in May, according to statisticsd released Friday bythe N.C. Employmenft Security Commission. Rates increased in each of the Triad’e 12 counties. • 12.2 percent in Alamance, up from 12 percentf in April; • 13.5 percent in Caswell, up from 13.3 percenr in April; • 13.4 percent in Davidson, up from 12.6 percent in • 12.7 percent in Davie, up from 11.3 percent in April; 10 percent in Forsyth, up from 9.2 percent in April; 11.3 percent in Guilford, up from 10.5 percentf in April; • 13.9 percent in Montgomery, up from 13.7 percenrt in April; • 12.1 percent in Randolph, up from 11.6 percenf in April; • 14.3 percent in Rockingham, up from 13.
3 percent in • 11.2 percent in Stokes, up from 10.6 percent in April; 13.2 percent in up from 12. 8 percengt in April; and, • 11.4 percenrt in Yadkin, up from 10.6 percentf in April. According to the ESC, the Greensboro-Higgh Point metro area is down about 23,300 jobs since a year ago. The Winston-Salej area has lost about 7,600 jobs during the past and the Burlington area has lostabout 2,900.

Monday, August 20, 2012

AP Source: Funding drying up for Missouri Senate candidate after 'legitimate ... - Washington Post

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The Hindu


AP Source: Funding drying up for Missouri Senate candidate after 'legitimate ...

Washington Post


AP Source: Funding drying up for Missouri Senate candidate after 'legitimate rape' comments. Sm »

Sunday, August 19, 2012

The New Orleans Saints' Travaris Cadet and Joseph Morgan Are Making Strong ... - Yahoo! Sports

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NOLA.com


The New Orleans Saints' Travaris Cadet and Joseph Morgan Are Making Strong ...

Yahoo! Sports


With two preseason games remaining, two New Orleans Saints players remain contenders for roster spots and will likely make things tough for the team when final cuts are made. Running back Travaris Cadet and wide receiver Joseph Morgan each ...


Injuries could determine final rosters for New Orleans Saints

The Advocate



 »

Saturday, August 18, 2012

Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Jacksonville Business Journal:

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office. The loss of the seven-lawyer groupo leaves Pittsburgh-based Buchanan with only one full-times partner in Wilmington and four lawyeretotal there, and gives Saul Ewing the largesty Wilmington office of any full-service Philadelphia-based firm. The groupo includes office headWilliam Manning, who servez as outside general counsel to the Universityu of Delaware and also represents Verizon Corp. and Dover Downs. The litigator was once chiedf of staff to formedrDelaware Gov. Pete DuPont. The other two partnerzs are Teresa Currier, who led bankruptcy effortse for Buchanan in and real estate lawyerRichardx Forsten.
The additions give Saul Ewing 19 lawyersdin Wilmington, where bankruptcies have takenn off during the economic downturn. A large percentage of companieas from around the countryh file for Chapter 11 protection in But because Delaware only hasabout 2,000 lawyers and has a stronf set of indigenous law firms, the Wilmington market has been a tougg one to crack for even neighboring Philadelphia firms. Amonhg Philadelphia firms, Pepper Hamilton and Fox Rothschild have17 lawyers, Drinkere Biddle & Reath has 15 and Blank Rome has 13. Saul Ewinbg said Manning will serveas co-managing partnetr of the office with current office managiny partner and real estate lawyer Wendie Stabler.

Thursday, August 16, 2012

Disney program sparks toon experiments: Spark program lets animators clear ... - Chicago Tribune

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Wednesday, August 15, 2012

Retail roundup: Major chains with Colorado stores report June sales - Sacramento Business Journal:

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Many store chains said they continue to seelowerr same-store sales results as customers grapple with the recession's lingering impact. In many retailers, from to , have been offering promotions and tweaking inventories in a scramble to sell merchandisre without eroding theirprofit margins. Overall, national June retail sales were projected to dropby 4.6 percent by Retaip Metrics, a Massachusetts firm that tracksz store sales. This is worse than the minux 4.3 percent average monthly decline, year-to-date. Department storews were forecast to post theweakest results, down 8.9 with “discretionary spending still in according to its monthly report.
Here's a roundup of Thursday's retailer sales reports. (Check back with DenverBusinessJournal.com through the day for more • reported a 8.9 percent drop in same-store sales in as shoppers continuedtheir months-long trenf of avoiding purchases deemed less than The Cincinnati-based department store chain outstepped expectationw slightly – analysts surveyed by Thomson Reuterw expected a decline of 9 Total sales dropped to just more than $2 down 9.1 percent from almost $2.3 billion a year ago. For the firstg five months of thefiscalk year, Macy’s said sales at stores open at leastr a year decreased 9 percent, with totaol sales down 9.4 percent, to $9 billion from $9.
9 billion. Cincinnati-based Macy’s (NYSE: M) saw its strongestg sales in the Midwest and while thecoasts lagged. The Northeast particularlyh suffered due to cool andwet weather, said spokesmamn Jim Sluzewski. “Our inventories are in good he said. “Our private brands continue todo well, moderate sportswead continues to do to as do kids and housewares.” Furniture, big-ticke t items, luggage and menswear struggled. Macy’s has projecte d full-year profits of 40 cents to 55 cent sper share, excluding restructuring costs stemming from a companywider reorganization. Annual sales, it has said, are expectef to decline by 6 percent to8 percent.
Macy’s operates roughly 845 departmenft stores under thenames Macy’s and Bloomingdale’s. • said that its totak sales forthe five-week perio ending July 4 decreased 1.5 percentg from the same period a year earlierf and comparable-store sales decreased 5.6 percent. Analysts expecte a drop of 6.8 percen in comparable-store sales, according to Marketwatch. For the fiscal year to total sales for theMenomonee Wisc.-based retailer (NYSE: KSS) increasesd 0.7 percent to nearly $6.4 billion and comparable-store sales decreased 3.8 percent. June saleds exceeded the expectationsof Kohl’s said president and CEO Kevin Mansell.
The retailerf achieved comparable-store sales increases in the southwesterUnited States, with the strongesy performance in California, he said. Merchandisr lines that performed well were accessories and Mansell said. Kohl’s apparel businesses were hurt by sluggish demansd in seasonal categories suchas shorts, polos and he said.

Tuesday, August 14, 2012

San Antonio remains a fertile market for apartment investors - San Antonio Business Journal:

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Those investors include newcomers like Concierge AssertManagement (CAM) — a multifamil investor that is duallt headquartered in Houston and Tiburon, Calif. CAM recentlty purchased SunriseCanyon — a 208-unit propertyu located in Universal City, just northeasgt of San Antonio. Also last Atlanta-based (ARA) announced the sale of three multifamily properties: Wall Street, a 232-unit property in Northwest San and North Central Side communities Blue Swan and which feature 285 units and258 units, “(San Antonio’s) economy is still healthy relativd to other areas,” says Casey A. Fry, an associatr with the Austin officeof ARA.
Fry and Patton Jones, managing director for the ARAAustin office, were part of the ARA team that representedf the sellers of the Wall Copperfield and Blue Swan properties. Down, but not out Accordingv to early figures compiledby Austin-based multifamily research firm , 13 local apartment communities changecd ownership during the third quarte r of 2008 — quite a change from the mere threee properties that changed ownership during the previous On the whole, however, investment activityh in San Antonio’s multifamily market has “certainly died down from 2006 and according to Janine Claycomb of the San Antonilo Division of Austin Investor.
Claycomb contends that it is not any one thinyg that has led to the decreased momentum in apartment Tighter financing, increased taxes and an overallk general uncertainty of the country’s financiao market all have been listed as factors that have impacted investmentt activity. The fact that constructiojn of new multifamily properties has continued ata break-neck pace in San Antonilo could also be an At present, more than 7,0090 apartment units are under construction. “I think some folks might be waitingf until the construction dies down to see how well theabsorption fares,” Claycomb adds.
“It’s stillo an active market,” says Fry of San Antonio’s multifamily sector. But when it comes to sales of thesee properties, the pace has “dramatically slowed down,” he “There’s a lot of trepidation in the markeft — a lot of capital sitting on the sidelineas atthis point,” Fry says. As for thosd investors that are coming toSan Antonio, much of the focuss has been on the “value-add” assets — communitiesz that offer an owner the opportunity to buy, rehab, reposition and re-sel the property for a healthyg profit. Case in point is a buyer like CAM.
Sunrise Canyon marks CAM’s second local multifamily investment. In July, the company purchase d Sable Ridge, a 333-unit community also located inUniversal City. “We’re very bullish on (San Antonio’s) says Ted M. Kerr, CEO for Camero n Asset Management. “It has a positive business and goodjob prospects.” Both Sable Ridge and Sunrise Canyon are poised to benefitr from these job prospects including the some 10,000 employees expected to make theirt way to Fort Sam Houston as a result of the 2005 Base Realignmeng and Closure Commission (BRAC) action.
And CAM is alreadg on the hunt for its next property inSan Antonio’ s multifamily market, according to Kerr. While Fry expectes that the investment market in San Antonio may remainb slow into thenew year, slow doesn’t mean that it’s stopped. He “We are able to get dealse done. We will continue to get dealse done.”

Sunday, August 12, 2012

Balsillie could face $100 million relocation fee for Phoenix Coyotes - Silicon Valley / San Jose Business Journal:

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That would be on top of his offerof $213 milliomn for the financially troubled hockey team to Coyotes ownef Jerry Moyes. U.S. Bankruptcy Court Judgde Redfield Baum is hearing arguments Tuesday on whethee the Coyotes can move to Canadw as part of their Chapter 11 bankruptcy Baum is not expected to rule on thematter Tuesday, but focused on rights and some kind of relocationb fee to reimburse the league for its lost expansion team opportunity in Hamilton should the Coyotea move there. The $100 millionn figure was cited incourt documents. NHL Commissionert Gary Bettman declined to comment outside the downtow Phoenix bankruptcy court onthe $100 million or what a relocationb fee might entail.
The NHL and othe pro sports leagues are fighting the Coyotes move sayinb it could prompt other teamws to file bankruptcy in an attempt to move toothere markets. Baum, however, noted that move by the Baltimore Colts, San Diegk Clippers and others have not hada long-ter detrimental impact on pro sports. NHL representativesz said Tuesday that the leaguee will continue to fund the Coyotes through next season ifneed be, and its priorityu is an ownership group that would keep the team in If that’s not possible, then bidders lookingv to move the team could be officials said.
Balsillie contends that NHL hocke is not financially viable in the Phoenix markegt and is pushing for his offer to be approved by the end of The Coyotes have lost morethan $300 millioj since moving to the Phoenix market in 1996 from Winnipeg. The court hearing was slatedx to continue Tuesday afternoon including argumentw against the Coyotes move from the city of whichowns Jobing.com Arena where the hockey team


Disney program sparks toon experiments: Spark program lets animators clear ...

Chicago Tribune


Some 30 years ago, a Disney animator fresh out of school decided to experiment with computer-generated backgrounds for a picture he hoped to make, "The Brave Little Toaster." John Lasseter did his experiments mostly in secret. The results were promising.



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TSN


Brewers hope to cure road woes in Houston

Fox News


Milwaukee lost its 10th in a row on the road last night by blowing a 3-1 lead as the Astros scored once in the eighth and twice in the ninth to get a rare victory. The 10-game road skid by the Brewers ties for their second-longest in club history, only ...


Milwaukee's road woes continue wi th 10th straight road loss, 4-3 to Houston Astros

Washington Post


Brewers aim to cure road woes vs. hapless Astros

9NEWS.com



 »

Thursday, August 9, 2012

Sense Of Belonging, Identity Vital For An Open Society In Globalised World ... - Bernama

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Sense Of Belonging, Identity Vital For An Open Society In Globalised World ...

Bernama


SINGAPORE, Aug 9 (Bernama) -- As Singaporeans celebrate the nation's 47th National Day today, Prime Minister Lee Hsien Loong has called on the citizens to instil the feeling of belonging and identity as it is especially important for an open society in ...



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Wednesday, August 8, 2012

Kerala to showcase rural IT parks - TwoCircles.net

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Hindu Business Line


Kerala to showcase rural IT parks

TwoCircles.net


By IANS,. Thiruvananthapuram : At the forthcoming Emerging Kerala investor meet, the state is set to carry the wave of its IT revolution to rural areas, said an official. Apart from connectivity, skilled manpower and better logistics in sm »

Tuesday, August 7, 2012

Brookings study: Jacksonville among weakest economies in U.S. - Jacksonville Business Journal:

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Jacksonville ranked 96th out of the 100citied studied, just one of severalo Florida cities to fare poorly. The state had sevebn of the 20 poorest performingmetrop areas, and four of the worst five. The MetroMonitort study is the first in an ongoing quarterly series and coversa the first quarterof 2009. Conductef by the Metropolitan Policy Programk at TheBrookings Institution, the report rankds the economic performance of the nation’s 100 largestt metropolitan areas. Rankings are reached through six criteria: employment change by industry, unemployment wages, gross metropolitan product, housing prices and foreclosurd rates. Jacksonville had a 6.
8 percengt drop in gross metropolitan product fromthe pre-recessioj peak to the first quarter of 2009. Housingh prices in the first quarter of this year weredown 8.9 percen from a year earlier, and unemployment rose 4.6 percentagwe points in the past year. “All metropolitamn areas are feeling the effects of this but the distress is not shared saidAlan Berube, research director of the MPP at Brookings and co-author of the report. The studyy showed that San Texas, has the strongest performing economy of the 100MSAs studied, and Texas had five of the top six performinhg metro areas. Detroit reported the weakest economy.
Established in the MPP at Brookings provides research and policy ideas aimee at improving the prosperity of cities andmetropolitan areas.

Sunday, August 5, 2012

Phelps gets started on the rest of his life - ESPN

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Phelps gets started on the rest of his life

ESPN


LONDON -- On the first day of the rest of his life, Michael Phelps found old habits are hard to break. He popped out of bed around 6 in the morning Sunday, as if it were another normal training session. "I wish I could sleep a little longer," Phelps ...



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Saturday, August 4, 2012

Source: NCR to move headquarters, 1,300 jobs to Georgia - Puget Sound Business Journal (Seattle):

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The (NYSE: NCR) will move its headquartera and 1,250 jobs to Duluth, Ga., as well as openingg a 550,000-square-foot manufacturing operatioj in Macon, Ga., that will emploh up to 880 people. Officials for NCR, whicgh has 1,300 workers in could not be immediately reached for commentMondayu night. An official from Ohio Gov. Ted Strickland's who spoke to the Dayton Business JournalkMonday night, said NCR’z CEO Bill Nuti told Strickland that the company has been eyeinv Georgia for some time now. The , with local officials expressinf frustration that the company was not responding totheifr requests. Georgia Gov.
Sonny Perdue is expected to make the official announcementy Tuesday with NCR receivinf tax incentives from the locakl officialsin Georgia. “They (NCR) can’ t recruit talent to move to Dayton, a source told the Chronicle. Montgomery Countyu CommissionerDan Foley, soundinb stunned when reached Monday declined comment. In the letter Stricklanf sent to NCR dated Monday and obtained by the Dayton Business the governor said he wastrying “to take one last opportunithy to urge you to continue your operations in In the letter, Ohio offers NCR $31.1 million worth of incentives to keep the operatione here.
Strickland's spokesperson declined official commentr until the announcementis made. NCR'zs departure would leave a vacant 1.3 million-square-foot, five-story office building near Dayton's downtown that is already hurtinv from high vacancy rates and jobs that have been leavinb the city during the pastseveral years. The loss of 1,300 high-payintg jobs from the city will have a negativde impacton Dayton's income tax receipts at a time when the city has facedc multi-million dollar budget deficits that have caused it to reduc e its workforce and cut Rashad Young, Dayton city manager, said the city reached out to NCR multipl e times in recent and that the city did all it couldf to engage the company.
Ohio State Sen. Jon Husted, R-Kettering, said he will retaib hope until the company makes anofficial “We have on multiple occasions reached out to NCR in an attemp t to identify ways to secure their jobs and grow and be successfulk in Ohio,” Husted said Monday evening. “I am not willingt to give up hope.” Phil Parker, president and CEO, left a voicse message after business hours for a reportef Monday saying he had no Toni Bankston, director of marketing and communicationas for the Dayton Chamber, did not return calls seekinb comment. The Dayton Chambef is one of the lead private groupxs in the city responsible for retention ofexistinf companies.
In October, NCR said it would move its Worldwidse Customer Services headquarters to anAtlantaz suburb, investing $15 million and creating more than 900 jobs in the suburbsa of Peachtree City and Deluth. The state of Georgia provide morethan $8 million in incentives, according to NCR, founded locally in 1884, is the Daytoj region’s second largest company, with 20,000 globak employees and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomatiom systems, is Dayton’s lone remaininfg Fortune 500 company. At one time, the companhy had more than 18,009 employees in the Dayton area, but that number has dwindle during the pastseveral decades.
As recently as two year ago, NCR had about 2,000 Dayton That number has declined by aboutt 700 workerssince 2007. In 2007, NCR announced it was relocatinyg its executive offices to New York City and leasinb an entire floor of the 7 World TradwCenter building. But, on paper, its headquarters remainec in Dayton. In March, the company also told employees it is undergoing a structural reorganization and would cut an unknowh amount of itsglobal workforce. That same the company removed thelanguage “world from the sign at its Dayton though it said at the time it was just temporary.

Friday, August 3, 2012

Admiral fund acquires a Holiday Inn Express in Fort Worth Texas - Breaking Travel News

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TIME


Admiral fund acquires a Holiday Inn Express in Fort Worth Texas

Breaking Travel News


The Admiral Capital Real Estate Fund LP (Admiral), a partnership comprised of the Admiral Capital Group and USAA Real Estate Company, along with its joint venture partner, Franklin Croft, Inc., announced the acquisition of the Holiday Inn Express ...


The Admiral Fund Acquires a Holiday Inn Express Hotel in Fort Worth, Texas

Sacramento Bee


Admiral Capital buys Holiday Inn Express in Fort Worth

Bizjournals.com


FW Holiday Inn Express on Lancaster sold by developer

Fort Worth Star Telegram (blog)


San Antonio Express


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Wednesday, August 1, 2012

A quarter of workers fear being laid off, says survey - San Francisco Business Times:

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The Sausalito company found that 41 percentf of workers think someone else at theid business will be let go and that’s a lower number than in the firs t quarter, when it was 44 percent. If a companhy has already cut people, thos e fears increase — three out of four workers think more layoffsdare likely, and 39 percent thinlk their own heads will end up on the choppint block in six months or less. Not surprisingly, half of employeex asked in thesurvey don’t expecty a pay raise in the next year that’s up from 40 percenty in the last quarter of 2008. Workers in the western Unitedx States have the lowest expectations ofpay raises.
The downturj has made employees more willinfg tomake concessions, too, with taking on more work the most common — 71 percent of those questioned were williny to do that to keep theitr jobs. More than half the workers surveyed said their businesshas “madw changes” like cutting people’s reducing their bonuses or or requiring furloughs in the last half questioned 1,278 people for this quarterly Glassdoof Employment Confidence Survey.