evlampiyacyxybyw.blogspot.com
He held an afternoon meeting with GE Consumer Industrial officials, as well as Kentuck Gov. Steve Beshear and Louisvill Metro MayorJerry Abramson, said Kim director of public relations for Louisville-based GE Consumerd & Industrial. “He will talk with them about producft reviews and the future ofthe operations,” Freeman said. She added that no major announcements were expected to come fromthe Immelt’s visit to Louisville comes less than two weeks after Fairfield, Conn.-based GE GE) reported a 35 percent drop in first-quartef net income. It fell to $2.9 billion, or 26 centds per share, compared with $4.5 or 43 cents per share in the firsf quarterof 2008.
GE’s first quarteer revenue slipped9 percent, to $38.5 billion from $42.2 billion. First-quarter profirt for GE Consumer & Industrial, whic includes GE’s appliances, lighting and industriakl power generationequipment divisions, declined 75 percentg over the year-ago period, to $36 millio n from $144 million. Revenue for the divisioj declined22 percent, to $2.2 billion, from $2.9 billion a year ago. Aftere months of trying to sell or spin off the appliancese business or find a joint venture partner tooperate it, GE in December decided to keep the as well as the entire Consumer & Industrial intact. Led by James P.
Campbell, it employs 43,000 people including about 5,000 people in Louisville.
Wednesday, March 30, 2011
Monday, March 28, 2011
Quiksilver secures $150M term loan, posts 2Q profit - Jacksonville Business Journal:
erofeyporgrinin.blogspot.com
The Huntington Beach company (NYSE: ZQK) also posted second-quarter earnings of $2.8 million. The five-yeat term loan with private-equityy firm Rhone was made toimprovse Quiksilver's liquidity and solidify its banking relationships. As part of the termw of the loan, Quiksilver will name a pair of Rhond appointees to its boardof directors. Quiksilvefr also refinanced its credit facilituy with anew three-year, $200 million facility led by and . The companu is also in discussions with its French banking partners to consolidate its European debts into anew multi-year facility.
In the company's earningsz report, the company swung to profitability in theseconfd quarter, posting the earnings of 2 cents a share, which includes several one-time items. Without the items, the earnings per share woul d have been 5 centsa share. Analyst estimates placeed the earnings at 9 centxa share. Sales dropped 17 coming in at $494.w2 million. In the second quarter a year ago, the companyy lost $206.2 million, or $1.59 a share, on sales of $596.4 million. That quarter included losses of $244.9 million from discontinued Quiksilver is an apparel and accessories Its core brandsare Quiksilver, Roxy and DC.
A renewes focus on those core brands are the focud ofthe company's long-term plan to improvde profits.
The Huntington Beach company (NYSE: ZQK) also posted second-quarter earnings of $2.8 million. The five-yeat term loan with private-equityy firm Rhone was made toimprovse Quiksilver's liquidity and solidify its banking relationships. As part of the termw of the loan, Quiksilver will name a pair of Rhond appointees to its boardof directors. Quiksilvefr also refinanced its credit facilituy with anew three-year, $200 million facility led by and . The companu is also in discussions with its French banking partners to consolidate its European debts into anew multi-year facility.
In the company's earningsz report, the company swung to profitability in theseconfd quarter, posting the earnings of 2 cents a share, which includes several one-time items. Without the items, the earnings per share woul d have been 5 centsa share. Analyst estimates placeed the earnings at 9 centxa share. Sales dropped 17 coming in at $494.w2 million. In the second quarter a year ago, the companyy lost $206.2 million, or $1.59 a share, on sales of $596.4 million. That quarter included losses of $244.9 million from discontinued Quiksilver is an apparel and accessories Its core brandsare Quiksilver, Roxy and DC.
A renewes focus on those core brands are the focud ofthe company's long-term plan to improvde profits.
Saturday, March 26, 2011
Koster balks at GM reorganization agreement - Business First of Buffalo:
otomaqaqaba.blogspot.com
Koster said GM’s bankruptcy agreemenyt will not extend product liability requirements for the companyy thattakes GM’s place. That means customers who bough t GM cars before the bankruptcy settlement lose protections undef lemon laws and productliability requirements, Kostetr said. Koster also objected to provisions that alloq a reorganized GM to alterd dealership contracts with no sayfrom dealerships. “Thre current agreement is terribly unfair to thesdealership owners, many of whom have been loyal GM dealersz for decades and have invested their life savingsz in these family businesses,” Koster said in a Mondayh release.
“It is unconscionable to force a dealership to waivwe its rights under Missouri law simply because GMhas floundered.” Severa other attorneys general from other including Kansas, have raised similar objections.
Koster said GM’s bankruptcy agreemenyt will not extend product liability requirements for the companyy thattakes GM’s place. That means customers who bough t GM cars before the bankruptcy settlement lose protections undef lemon laws and productliability requirements, Kostetr said. Koster also objected to provisions that alloq a reorganized GM to alterd dealership contracts with no sayfrom dealerships. “Thre current agreement is terribly unfair to thesdealership owners, many of whom have been loyal GM dealersz for decades and have invested their life savingsz in these family businesses,” Koster said in a Mondayh release.
“It is unconscionable to force a dealership to waivwe its rights under Missouri law simply because GMhas floundered.” Severa other attorneys general from other including Kansas, have raised similar objections.
Friday, March 25, 2011
Airstrikes Not Deterring Gaddafi Ground Offensive - NewsTime
ethelbertdiya3334.blogspot.com
Reuters | Airstrikes Not Deterring Gaddafi Ground Offensive NewsTime The Libyan air strikes, being carried on by coalition forces to implement the United Nation Security Council resolution, continued for a fifth consecutive night without deterring Muammar al-Gaddafi from continuing his attacks against rebels on Thursday ... Kadafi forces step up attacks amid » |
Wednesday, March 23, 2011
Women's Fund, partners give $65K in grants for financial literacy programs - Birmingham Business Journal:
Mitsubishi MSM18NW
The Women’s Fund, along with corporate partnerse andBBVA Compass, awarded a tota l of $65,000 in grants to the program. The classe s will benefit an estimated 600 participanta in the GreaterBirminghaj area, according to a news release. Regionse underwrote a $10,000 grant to the Birminghakm Homeownership Center, which will provide financial counselin g and classes to 40 new BBVA Compass has partnered withGirlz Inc. to provide a series of age-appropriatw classes about fiscal responsibility. In addition to the Birminghamm Homeownership Centerand , nine nonprofits also received grants. These nonprofits were: the Central Alabam a Women’s Business Center, Children’s Village Inc.
, Gateway Consumer Credit Counseling, Girl Scouts North-Central Alabama, , M-Power Need a Chance Inc. and Funding financial programs reflectsthe fund’s core mission, said Virginia executive director of The Women’s Fund. “The Women’s Fund’s overarchinhg goal is to help women move out of povertyy so that they and their childremn can reach theirfull potential,” Sweet “Children who are raised in poverty are less likelu to finish high schoo l and more likely to continue the cyclee of poverty.
Learning money management skill is a step toward earning enough money tobe
The Women’s Fund, along with corporate partnerse andBBVA Compass, awarded a tota l of $65,000 in grants to the program. The classe s will benefit an estimated 600 participanta in the GreaterBirminghaj area, according to a news release. Regionse underwrote a $10,000 grant to the Birminghakm Homeownership Center, which will provide financial counselin g and classes to 40 new BBVA Compass has partnered withGirlz Inc. to provide a series of age-appropriatw classes about fiscal responsibility. In addition to the Birminghamm Homeownership Centerand , nine nonprofits also received grants. These nonprofits were: the Central Alabam a Women’s Business Center, Children’s Village Inc.
, Gateway Consumer Credit Counseling, Girl Scouts North-Central Alabama, , M-Power Need a Chance Inc. and Funding financial programs reflectsthe fund’s core mission, said Virginia executive director of The Women’s Fund. “The Women’s Fund’s overarchinhg goal is to help women move out of povertyy so that they and their childremn can reach theirfull potential,” Sweet “Children who are raised in poverty are less likelu to finish high schoo l and more likely to continue the cyclee of poverty.
Learning money management skill is a step toward earning enough money tobe
Monday, March 21, 2011
Saturday, March 19, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - Jacksonville Business Journal:
Air Purifiers Olathe
The quarterly Duke University/CFpO Magazine Global Business Outlook Survehyasked 1,309 CFOs worldwide about their expectations for the Their answers paint a gloomy picturew for the rest of the year. * CFOs in the U.S. and Europe expected employment to shrinkby 5.5 percent, with the unemploymengt rate in the U.S. seen risingv to perhaps as high as 12 percenr in the next12 months. Employment in Asia is expected to recedeby 1.
2 “Presumably, government programs will offset some of these but even the most optimistic governmeny forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the survey and internationapl business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percengt decline. * Six in 10 U.S. companieds covered by the survey reported having trouble findinh credit or acquiring credit at areasonablde rate.
Among those firms encountering credit 42 percent say the credit markets have gottenm worsethis year, while 23 perceny say conditions have improved. * Weak consumer demandd and the credit market ranked as the top two external concernsamong U.S. chiec financial officers, with the federap government’s policies coming in third. Among internall concerns, CFOs are losing the most slee over their inability to plan due to economic managingtheir companies’ capital and and maintaining employee morale.
Despitw all the negative indicators, a majority of the CFOs in the Unitex States and Asia reported being more optimistic this quarter than they were the previous That was not the casein Europe, wherde only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an importanr message: Don’t put too much weighy on the ‘soft’ data like consumer Recovery requires sustained confidence, and such confidencer is forged by stronger economic fundamentals,” Harvey “The economic fundamentals –- employment, capital spending, the cost of crediyt – are still fundamentally troubling.
” To see the completre survey results, go to the official Web site, .
The quarterly Duke University/CFpO Magazine Global Business Outlook Survehyasked 1,309 CFOs worldwide about their expectations for the Their answers paint a gloomy picturew for the rest of the year. * CFOs in the U.S. and Europe expected employment to shrinkby 5.5 percent, with the unemploymengt rate in the U.S. seen risingv to perhaps as high as 12 percenr in the next12 months. Employment in Asia is expected to recedeby 1.
2 “Presumably, government programs will offset some of these but even the most optimistic governmeny forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the survey and internationapl business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percengt decline. * Six in 10 U.S. companieds covered by the survey reported having trouble findinh credit or acquiring credit at areasonablde rate.
Among those firms encountering credit 42 percent say the credit markets have gottenm worsethis year, while 23 perceny say conditions have improved. * Weak consumer demandd and the credit market ranked as the top two external concernsamong U.S. chiec financial officers, with the federap government’s policies coming in third. Among internall concerns, CFOs are losing the most slee over their inability to plan due to economic managingtheir companies’ capital and and maintaining employee morale.
Despitw all the negative indicators, a majority of the CFOs in the Unitex States and Asia reported being more optimistic this quarter than they were the previous That was not the casein Europe, wherde only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an importanr message: Don’t put too much weighy on the ‘soft’ data like consumer Recovery requires sustained confidence, and such confidencer is forged by stronger economic fundamentals,” Harvey “The economic fundamentals –- employment, capital spending, the cost of crediyt – are still fundamentally troubling.
” To see the completre survey results, go to the official Web site, .
Thursday, March 17, 2011
In final flurry, Ritter signs tourism-incentives bill, vetoes another labor measure - Silicon Valley / San Jose Business Journal:
GE AJCQ10DCD
Ahead of Friday’s deadline for actionh on legislation, Ritter signedx 12 bills, including Senate Bill 173, whicn will allow local governments to work with the state Economicf Development Commission to usesome sales-tax monegy to attract and help to buile tourist destinations. The bill, sponsored by former Sen. Jennifer D-Denver, is considered key to two pursuit of a NASCAR track in separatee areas east of But Ritter also vetoed SenateBill 180, which would have given local firefighterx the ability to engage in collective bargaining.
Business groups praised the move as one that will give the state a more stablebusiness atmosphere, but unionsw blasted the Democratic governor for breaking a promise to look out for workinh Coloradans. Ritter said in a news conferenc e that he had little doubt on whether he would signthe tourism-tax bill but struggled over the collective-bargaining measure. Ritterr said he vetoed SB 180 because it wouldc have overturned the will of individual communities that have outlawed collectiv e bargainingby public-safety workers and because local firefightersz already can seek collectivw bargaining with their city governments.
“This was a wholesalre success for a sessiobn in terms of what it did forworkint families,” Ritter, a son of a uniojn member and a former union member himself, said, referring to laws that increass unemployment benefits and get more people onto SB 173 ranks with a bill Ritter signed earlier this year that gives tax credits for job creation as two of his strongest pro-businessd moves, said Travis Berry, lobbyist for the . Both measurew give opportunities for private companiesw to work with the government to brin about big projects that they might not be able to accomplish he said.
Meanwhile, the twin vetoesz of SB 180 and an earliefrbill — House Bill 1170, which wouldf have offered unemployment benefits to union workerws locked out during a work stoppage send a signal that the economid viability of the state is a priorityu of the administration, Berry said. “I think it sends a message to employers that are eithere here thinking about growing or outside looking to come into the statde that they can find a predictable businesz climate instead of one thatmoved wildly,” Berry said.
But Colorado AFL-CIO Executive Director Mike Cerbo said that Ritter had turned his back on worker who risk their lives and that his organizatio n now will haveto “determine how to proceec in its future relationse with the Ritter Administration.” SB 180 sponsorinbg Rep. Ed Casso, a Thornton Democrat whom some unioh members have approached about running againsy Ritter ina primary, said he too was disappointed in the governor’sa action. Ritter also signed into law House Bill which limitsthe Colorado-source capital gainas subtraction to the first $100,00 of gains on assets held for five yearsd or more.
Though business groups had asked him to vetothe measure, Ritter said he ultimately felt that the $15.9 million it would generate to help the recession-addled state budget was a more important
Ahead of Friday’s deadline for actionh on legislation, Ritter signedx 12 bills, including Senate Bill 173, whicn will allow local governments to work with the state Economicf Development Commission to usesome sales-tax monegy to attract and help to buile tourist destinations. The bill, sponsored by former Sen. Jennifer D-Denver, is considered key to two pursuit of a NASCAR track in separatee areas east of But Ritter also vetoed SenateBill 180, which would have given local firefighterx the ability to engage in collective bargaining.
Business groups praised the move as one that will give the state a more stablebusiness atmosphere, but unionsw blasted the Democratic governor for breaking a promise to look out for workinh Coloradans. Ritter said in a news conferenc e that he had little doubt on whether he would signthe tourism-tax bill but struggled over the collective-bargaining measure. Ritterr said he vetoed SB 180 because it wouldc have overturned the will of individual communities that have outlawed collectiv e bargainingby public-safety workers and because local firefightersz already can seek collectivw bargaining with their city governments.
“This was a wholesalre success for a sessiobn in terms of what it did forworkint families,” Ritter, a son of a uniojn member and a former union member himself, said, referring to laws that increass unemployment benefits and get more people onto SB 173 ranks with a bill Ritter signed earlier this year that gives tax credits for job creation as two of his strongest pro-businessd moves, said Travis Berry, lobbyist for the . Both measurew give opportunities for private companiesw to work with the government to brin about big projects that they might not be able to accomplish he said.
Meanwhile, the twin vetoesz of SB 180 and an earliefrbill — House Bill 1170, which wouldf have offered unemployment benefits to union workerws locked out during a work stoppage send a signal that the economid viability of the state is a priorityu of the administration, Berry said. “I think it sends a message to employers that are eithere here thinking about growing or outside looking to come into the statde that they can find a predictable businesz climate instead of one thatmoved wildly,” Berry said.
But Colorado AFL-CIO Executive Director Mike Cerbo said that Ritter had turned his back on worker who risk their lives and that his organizatio n now will haveto “determine how to proceec in its future relationse with the Ritter Administration.” SB 180 sponsorinbg Rep. Ed Casso, a Thornton Democrat whom some unioh members have approached about running againsy Ritter ina primary, said he too was disappointed in the governor’sa action. Ritter also signed into law House Bill which limitsthe Colorado-source capital gainas subtraction to the first $100,00 of gains on assets held for five yearsd or more.
Though business groups had asked him to vetothe measure, Ritter said he ultimately felt that the $15.9 million it would generate to help the recession-addled state budget was a more important
Monday, March 14, 2011
33-year-old restaurant files for Ch. 7 bankruptcy - San Antonio Business Journal:
Mitsubishi MS12TN
The iconic Orlando-based restaurant filed a voluntary petitiobnfor liquidation, listing $1.98 million in debt and $1.58 million in assets, said court records. Brad president of owner , said the 7,400-square-foot eatery’a revenue dropped as much as 30 percent since the start of theeconomic downturn. “When your cost of doing business goes up and revenuergoes down, you can hold on for only so long,” said who unsuccessfully searched for an investor or buyer for the 28-employeer business. According to its bankruptcy petition, Barney’s has 45 The largest secured creditor isBanck Popular, which is owed $1.
25 The largest unsecured creditor is the Orange County Tax which is owed $57,599. “It’s tougy right now in the restaurant industry,” said Laura Bennett, owner of , an Altamontew Springs-based firm that services the restaurant industry. “The restaurant business is the only businesd where you open your doors with a full refrigeratoer and afull staff, and you have no idea if someonw will walk through the Manny Tato, owner of Spice Moder Steakhouse in Winter Park and downtown Orlando, said there’w no question the economy has been especially tough on “People are not spending as much as they used
The iconic Orlando-based restaurant filed a voluntary petitiobnfor liquidation, listing $1.98 million in debt and $1.58 million in assets, said court records. Brad president of owner , said the 7,400-square-foot eatery’a revenue dropped as much as 30 percent since the start of theeconomic downturn. “When your cost of doing business goes up and revenuergoes down, you can hold on for only so long,” said who unsuccessfully searched for an investor or buyer for the 28-employeer business. According to its bankruptcy petition, Barney’s has 45 The largest secured creditor isBanck Popular, which is owed $1.
25 The largest unsecured creditor is the Orange County Tax which is owed $57,599. “It’s tougy right now in the restaurant industry,” said Laura Bennett, owner of , an Altamontew Springs-based firm that services the restaurant industry. “The restaurant business is the only businesd where you open your doors with a full refrigeratoer and afull staff, and you have no idea if someonw will walk through the Manny Tato, owner of Spice Moder Steakhouse in Winter Park and downtown Orlando, said there’w no question the economy has been especially tough on “People are not spending as much as they used
Saturday, March 12, 2011
PNM given nod to raise rates - Charlotte Business Journal:
idellecromwell1991.blogspot.com
The New Mexico Public Regulationb Commission on Thursday approveda $77.1 million increase of non-fuel base electric revenuews for PNM. The increase will be implemented in two phasex startingJuly 1. For the average residentialp PNM customer, the 9.7 percent increase equals $4.71, said PNM spokeswoman Susanh Sponar. The first part of the hike in rates, averaging $2.1 1 per month, goes into effect July 1. The secone raise, averaging $2.60 per residentialo customer, will show up on the April 2010PNM bills. The Commission’d approval was the result of an agreement, or reached earlier this year.
The Commission’s order also allows PNM’s continued use of a fuel and purchaserd power costadjustment clause, or with certain revisions. The approved stipulated rates resulgt in an implied return on equityof 10.5 percent on a rate base of $1.5 according to a news release. The prepared statementt from PNM’s parent, (NYSE: PNM), reported that the new ratex are expected to improve 2009consolidated after-taxs earnings by approximately $11.3 million, or $0.12 per dilute share.
“Reaching an agreement and obtaining Commission approval regardinbg this rate increase is the latest step in our ongoing effortw to ensure adequate recoveryof PNM’s costxs and restoring shareholder said Jeff Sterba, PNM Resources chairman and CEO. “Moving PNM must continually ensure its ratez are aligned withservice costs. We have launched numerous initiatives to help customers save money and manage our expensezs while preparing for a futures that will have additional renewableenergy resources, risinhg fuel costs and limits on green-houswe gas emissions.
” On Tuesday, the PRC gave the nod to anothef stipulation that allows PNM to designate the Luna Energg Facility and the Lordsburg Generating Station as jurisdictional plants to servwe retail customers. Moving those plants from PNM’s merchanf fleet to the retailk portfolio, rather than building new PNM says will save its customers morethan $140 million during the next 20
The New Mexico Public Regulationb Commission on Thursday approveda $77.1 million increase of non-fuel base electric revenuews for PNM. The increase will be implemented in two phasex startingJuly 1. For the average residentialp PNM customer, the 9.7 percent increase equals $4.71, said PNM spokeswoman Susanh Sponar. The first part of the hike in rates, averaging $2.1 1 per month, goes into effect July 1. The secone raise, averaging $2.60 per residentialo customer, will show up on the April 2010PNM bills. The Commission’d approval was the result of an agreement, or reached earlier this year.
The Commission’s order also allows PNM’s continued use of a fuel and purchaserd power costadjustment clause, or with certain revisions. The approved stipulated rates resulgt in an implied return on equityof 10.5 percent on a rate base of $1.5 according to a news release. The prepared statementt from PNM’s parent, (NYSE: PNM), reported that the new ratex are expected to improve 2009consolidated after-taxs earnings by approximately $11.3 million, or $0.12 per dilute share.
“Reaching an agreement and obtaining Commission approval regardinbg this rate increase is the latest step in our ongoing effortw to ensure adequate recoveryof PNM’s costxs and restoring shareholder said Jeff Sterba, PNM Resources chairman and CEO. “Moving PNM must continually ensure its ratez are aligned withservice costs. We have launched numerous initiatives to help customers save money and manage our expensezs while preparing for a futures that will have additional renewableenergy resources, risinhg fuel costs and limits on green-houswe gas emissions.
” On Tuesday, the PRC gave the nod to anothef stipulation that allows PNM to designate the Luna Energg Facility and the Lordsburg Generating Station as jurisdictional plants to servwe retail customers. Moving those plants from PNM’s merchanf fleet to the retailk portfolio, rather than building new PNM says will save its customers morethan $140 million during the next 20
Wednesday, March 9, 2011
Guillermo Del Toro will direct 'Pacific Rim' next but 'Mountains' isn't dead - HitFix
dusinenezoqoc.blogspot.com
Forbes (blog) | Guillermo Del Toro will direct 'Pacific Rim' next but 'Mountains' isn't dead HitFix With his Tom Cruise-starring film "At the Mountains of Madness" f » |
Sunday, March 6, 2011
Wisconsin eligible for $5.4M energy grant - The Business Journal of Milwaukee:
http://luizcarlosramos.net/?m=20110112
million in funding from the federal stimulus package forits state-run rebate program for consumer purchases of new Energyy Star qualified home Secretary Steven Chu announced the potentiakl state allocation Tuesday. “Appliances consume a huge amount of our so there’s enormous potentialk to both save energy and save families money every month,” Chu “These rebates will help familiea make the transition to more efficienyt appliances, making purchases that will directlhy stimulate the economy and create jobs.
” The new progra m underscores the Obama Administration’d commitment to make American homes more energty efficient, while helping to supportg the nation’s economic The new funding will be awarded to state s and territories, through their energy offices, using a formula set fortu in the Energy Policy Act of 2005. Each stated or territory is required to submit a plan that specifiesz which Energy Star appliance categories will be includedx in their rebate the rebate level for each product how the rebates will be and their plan for recyclingold appliances. Statea and territories must first file an initiakl application expressing their intent to participateby Aug.
15, followedx by a full applicationby Oct. 15. Approximatelhy 10-25 percent of each award will be spent onadministrative
million in funding from the federal stimulus package forits state-run rebate program for consumer purchases of new Energyy Star qualified home Secretary Steven Chu announced the potentiakl state allocation Tuesday. “Appliances consume a huge amount of our so there’s enormous potentialk to both save energy and save families money every month,” Chu “These rebates will help familiea make the transition to more efficienyt appliances, making purchases that will directlhy stimulate the economy and create jobs.
” The new progra m underscores the Obama Administration’d commitment to make American homes more energty efficient, while helping to supportg the nation’s economic The new funding will be awarded to state s and territories, through their energy offices, using a formula set fortu in the Energy Policy Act of 2005. Each stated or territory is required to submit a plan that specifiesz which Energy Star appliance categories will be includedx in their rebate the rebate level for each product how the rebates will be and their plan for recyclingold appliances. Statea and territories must first file an initiakl application expressing their intent to participateby Aug.
15, followedx by a full applicationby Oct. 15. Approximatelhy 10-25 percent of each award will be spent onadministrative
Friday, March 4, 2011
Burst of lawsuits boosts electronic discovery firms - San Francisco Business Times:
http://nzcountrytours.com/nz14.htm
Robert Tennant, founder and CEO of San Francisco-basedx , an 8-year-old vendor of e-discover software, said that after the start of FBI investigationz and shareholder lawsuits stemming from the nationallcredit crunch, and with new governmentf regulations looming, his business increased by 10 percent. Recommind’s now projected to be $15 million in was $8 million in 2007 and $4 million in 2006. which has close to 100 employees and has been profitablwe for nearlysix years, will hire anothefr 25 people in the immediate future, said Tennant.
“The receny financial crisis led to an uptick inour business,” said “This has taken the issue of dealing with investigationsa and e-discovery and put it front and The trend is apparently widespread. The 451 Group released a reportf this weekcalling e-discovery softwarre and services “a white hot opportunity” given the growth in corporate databases, tighte r regulations and widespread litigation. Similarly the , a Palo Alto technologh market researcher, said in a report last monty thatthe e-discovery and data loss preventionm market will reach more than $837 million by the end of the and then rise to more than $2 billion by 2012.
The markety is dominated by a host of big playersdlike , and Autonomy Corp. plc, a Cambridge, company which bought Pleasanton-based digital archivisf for $375 million in Jack Halprin, Autonomy’s vice president of e-discovert and compliance, said new companies are comingy out of the woodwork in response to a 50 percent increase in the filinv of class action lawsuitsthis year, half of them relatef to the financial crisis. Autonomy, which was founded in 1996 and had annuak revenueof $343 million in 2007, has 340 employeeds at its Pleasanton office and U.S. headquartersa in San Francisco.
It expectsd to boost its workforce 10 percent in thenext “We think the trend is favoringb bigger providers, especially on the corporate side,” Halprin “People want to know, is your providere going to be there tomorrow?” Still, the Radicatki report predicted rapid expansion of newer Discovery Mining, a San Francisco-based e-discovery software company founded in 2002, saw its revenue nearlyy double from $4 million in 2006 to $7.3 milliomn in 2007 before it was boughf in July for $36 million by San Jose-based , a much largerd corporate data manager.
In September, the San Francisco law firm Zankel, Tarrant & Miller launched a unit calle BZResources that contracts with othere law firms todo e-discovery. The initiative grew out of its defenss of a man accused of a criminalo conspiracy to fix pricesa in the Dynamic Random AccessMemory Industry. In Januaryh of 2007, the firm estimated that the Departmeny of Justiceprovided 2.5 million pages of hard copy and 19 millionb electronic files in the case which at the rate of 50 documents an hour woul take one attorney 200 yearss to review. After the government dropped the chargesx againstits client, BartkoZankel decided to becomes a vendor.
Tennant founded Recommind in 2000 with Jan Puzichaq andDerek Schueren, two post-doctoral search technologuy researchers at . Tennant, a former marketinv executive, seed-funded the business usinyg hisown money, and went aboutt trying to sell products to various including media and pharmaceutical companies. “Thse legal industry bit the hardest,” he Today, Recommind customers include the Australian Bertelsmann A.G., BMW, and large law firms Wilson Sonsin Goodrich and Rosati and Morrisom & Foerster.
Robert Tennant, founder and CEO of San Francisco-basedx , an 8-year-old vendor of e-discover software, said that after the start of FBI investigationz and shareholder lawsuits stemming from the nationallcredit crunch, and with new governmentf regulations looming, his business increased by 10 percent. Recommind’s now projected to be $15 million in was $8 million in 2007 and $4 million in 2006. which has close to 100 employees and has been profitablwe for nearlysix years, will hire anothefr 25 people in the immediate future, said Tennant.
“The receny financial crisis led to an uptick inour business,” said “This has taken the issue of dealing with investigationsa and e-discovery and put it front and The trend is apparently widespread. The 451 Group released a reportf this weekcalling e-discovery softwarre and services “a white hot opportunity” given the growth in corporate databases, tighte r regulations and widespread litigation. Similarly the , a Palo Alto technologh market researcher, said in a report last monty thatthe e-discovery and data loss preventionm market will reach more than $837 million by the end of the and then rise to more than $2 billion by 2012.
The markety is dominated by a host of big playersdlike , and Autonomy Corp. plc, a Cambridge, company which bought Pleasanton-based digital archivisf for $375 million in Jack Halprin, Autonomy’s vice president of e-discovert and compliance, said new companies are comingy out of the woodwork in response to a 50 percent increase in the filinv of class action lawsuitsthis year, half of them relatef to the financial crisis. Autonomy, which was founded in 1996 and had annuak revenueof $343 million in 2007, has 340 employeeds at its Pleasanton office and U.S. headquartersa in San Francisco.
It expectsd to boost its workforce 10 percent in thenext “We think the trend is favoringb bigger providers, especially on the corporate side,” Halprin “People want to know, is your providere going to be there tomorrow?” Still, the Radicatki report predicted rapid expansion of newer Discovery Mining, a San Francisco-based e-discovery software company founded in 2002, saw its revenue nearlyy double from $4 million in 2006 to $7.3 milliomn in 2007 before it was boughf in July for $36 million by San Jose-based , a much largerd corporate data manager.
In September, the San Francisco law firm Zankel, Tarrant & Miller launched a unit calle BZResources that contracts with othere law firms todo e-discovery. The initiative grew out of its defenss of a man accused of a criminalo conspiracy to fix pricesa in the Dynamic Random AccessMemory Industry. In Januaryh of 2007, the firm estimated that the Departmeny of Justiceprovided 2.5 million pages of hard copy and 19 millionb electronic files in the case which at the rate of 50 documents an hour woul take one attorney 200 yearss to review. After the government dropped the chargesx againstits client, BartkoZankel decided to becomes a vendor.
Tennant founded Recommind in 2000 with Jan Puzichaq andDerek Schueren, two post-doctoral search technologuy researchers at . Tennant, a former marketinv executive, seed-funded the business usinyg hisown money, and went aboutt trying to sell products to various including media and pharmaceutical companies. “Thse legal industry bit the hardest,” he Today, Recommind customers include the Australian Bertelsmann A.G., BMW, and large law firms Wilson Sonsin Goodrich and Rosati and Morrisom & Foerster.
Tuesday, March 1, 2011
Credit card processing company grows business by evolving strategy - Dayton Business Journal:
zolinstanixes.blogspot.com
Henry Helgeson and Scott Zdanisa established the company in 1998 as a reseller of credit card processintg terminals overthe Internet. To a smaller extent the company provided processing of crediytcard transactions. But as margin compression made equipmeny salesless profitable, the partners responded by rampinvg up processing services. its processing services constitute 90 percent of its totalgross revenue, while equipment and softwar sales are 10 Business has been so brisk — it signed up 2,300 new customerzs in April alone that the company is planning to increase its sales forced by 30 percent or 40 percent withihn the next 60 days.
“We basically are gettinfg more businesses trying to signup (for our than we have the capacity for, and we’rer trying to staff up for that as quickly as says Helgeson, 34, who serveds as president and co-CEO. Co-founder Zdani s has since moved to Miam i and plays a less activ role inthe company. Merchant Warehousde acts as a third-party processor, facilitating payment transactions betweenm merchants and creditcard issuers, essentially by getting mone y off of the consumer’s credit card and into the business’ds bank account.
Its residual-based business model makees money by charging for that service on each Sinceits inception, the 150-employe company estimates serving a cumulative total of more than 87,00p customers nationwide — primarily small and medium-size businesses; about 56,000 are active accounts righr now, with most of the attrition due to companies goingb out of business, Helgeson notes. Today, Merchany Warehouse is processing morethan 3.5 milliobn payment transactions per month. After hitting $27.
million in revenue in 2008, the company is shootinh for $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becoming more ofa technology-driven “When we started to hire our own softwarwe developers and build our own as far as computer systems and technologu to run this that really put us into a hyper-growth he says. Five years ago, the companhy hired its first software developer. It subsequently built its own sophisticated customedr relationship managementsystem in-house that has enabled the company to better measure the performance of its accountas and staff.
And 18 months ago, it completed the development of the necessary infrastructure to beginm processing some transactions through its own electronidc gateway herein Boston. It continuess to utilize three large outside firma to assist in processing the bulk ofthe transactions. The companty also works with a pool of aboutf100 point-of-sale system resellers, who often refef business to Merchant Warehouse. The company has also used technologhy to innovate its services in an industry where Helgesomn says the competitionis fierce.
“Our industrgy has been pretty much plain, vanills credit and debit processing,” Helgeson “We had to look at it and say, ‘Wha t can we do here to differentiatwe ourselves?’ ” For instance, it offers wirelessw credit card processing services to iPhonde and BlackBerry users who have installed its softwared applications ontheir PDAs. Those mobile merchants now representy 10 percent to 15 percent ofthe company’e new accounts. It has also partnered with another company, , to developl a card reader that encrypts the creditr card number as it is being swipedf to help preventsecurity breaches.
“They’ree a very impressive group,” says Stevs Parks, vice president of , an Atlanta-based firm that Merchantr Warehouse has engaged for some of its processin services formany years. He attributes the firm’s growth to “somwe very shrewd investments in technology and beingy ahead of the curve in terms of technologty and how to use it to drivetraffivc (to their business), and training their sales reps to capitalize on that traffic.
”
Henry Helgeson and Scott Zdanisa established the company in 1998 as a reseller of credit card processintg terminals overthe Internet. To a smaller extent the company provided processing of crediytcard transactions. But as margin compression made equipmeny salesless profitable, the partners responded by rampinvg up processing services. its processing services constitute 90 percent of its totalgross revenue, while equipment and softwar sales are 10 Business has been so brisk — it signed up 2,300 new customerzs in April alone that the company is planning to increase its sales forced by 30 percent or 40 percent withihn the next 60 days.
“We basically are gettinfg more businesses trying to signup (for our than we have the capacity for, and we’rer trying to staff up for that as quickly as says Helgeson, 34, who serveds as president and co-CEO. Co-founder Zdani s has since moved to Miam i and plays a less activ role inthe company. Merchant Warehousde acts as a third-party processor, facilitating payment transactions betweenm merchants and creditcard issuers, essentially by getting mone y off of the consumer’s credit card and into the business’ds bank account.
Its residual-based business model makees money by charging for that service on each Sinceits inception, the 150-employe company estimates serving a cumulative total of more than 87,00p customers nationwide — primarily small and medium-size businesses; about 56,000 are active accounts righr now, with most of the attrition due to companies goingb out of business, Helgeson notes. Today, Merchany Warehouse is processing morethan 3.5 milliobn payment transactions per month. After hitting $27.
million in revenue in 2008, the company is shootinh for $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becoming more ofa technology-driven “When we started to hire our own softwarwe developers and build our own as far as computer systems and technologu to run this that really put us into a hyper-growth he says. Five years ago, the companhy hired its first software developer. It subsequently built its own sophisticated customedr relationship managementsystem in-house that has enabled the company to better measure the performance of its accountas and staff.
And 18 months ago, it completed the development of the necessary infrastructure to beginm processing some transactions through its own electronidc gateway herein Boston. It continuess to utilize three large outside firma to assist in processing the bulk ofthe transactions. The companty also works with a pool of aboutf100 point-of-sale system resellers, who often refef business to Merchant Warehouse. The company has also used technologhy to innovate its services in an industry where Helgesomn says the competitionis fierce.
“Our industrgy has been pretty much plain, vanills credit and debit processing,” Helgeson “We had to look at it and say, ‘Wha t can we do here to differentiatwe ourselves?’ ” For instance, it offers wirelessw credit card processing services to iPhonde and BlackBerry users who have installed its softwared applications ontheir PDAs. Those mobile merchants now representy 10 percent to 15 percent ofthe company’e new accounts. It has also partnered with another company, , to developl a card reader that encrypts the creditr card number as it is being swipedf to help preventsecurity breaches.
“They’ree a very impressive group,” says Stevs Parks, vice president of , an Atlanta-based firm that Merchantr Warehouse has engaged for some of its processin services formany years. He attributes the firm’s growth to “somwe very shrewd investments in technology and beingy ahead of the curve in terms of technologty and how to use it to drivetraffivc (to their business), and training their sales reps to capitalize on that traffic.
”
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