Sunday, October 30, 2011

Japanese visitors still spooked by flu - Business First of Columbus:

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According to preliminary counts, a total of 8,87p passengers arrived June 1-4 on flightd to Hawaii from Japan. That’s a 32 perceny drop from the same period in about 1,000 fewer visitors per day. The Japanese visitor fallof f begin the second week in May and was directlg attributed toswine flu, also called H1N1 influenza A. Even though Japan has as of Wednesday, 385 swiner flu cases of its own, ranking it amongf the top six countries affectedx bythe infection, many Japanes companies have banned employees from overseas travel.
The swind flu outbreak is also affecting travel from otherf Asian countries to North Americand Europe, according to Hawaii Tourism The South Korean travel industry reports 15-3o0 percent cancellation rates in tripe to U.S. destinations since the end of Cancellations to Hawaii are under 10 The Chinesetravel industry, meantime, said cancellations in outbound travelp are increasing, with fewer new-booked packages to the U.S.

Friday, October 28, 2011

State workers get paid by Imagine PA - Philadelphia Business Journal:

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The effort to put all 80,000 employees of the executivde branch of the state of Pennsylvania on one computer syste m recently reached a major mileston whenthe state's payroll functions were converted to the new system. Checks from three pay periodz have been issued using the new systemn withoutmajor glitches, said Mia DeVane, presz secretary for the Office of which is overseeing the project. The system uses softwars developedby Walldorf, Germany-based SAP AG, whoss North American subsidiary, SAP Americw Inc., is based in Newtown Square. It is beinhg implemented by BearingPoint Inc., which used to be calle d KPMGConsulting Inc. and is based in Va.
The Ridge administration contracted with SAP for the which is used by organizationsz to automate and link theirbusiness processes, in 2000, and BearingPoint for the installatiohn in 2001. SAP received $51. 9 million over three years and BearingPoint isreceivinhg $115.1 million over five years. The Rendel l administration has slowed the implementation of the systejm to makesure it's as bugless as possible when employees begin using it. The payroll componenr of the system was supposed to have been up and runnintg ayear ago, but the Office of Administrationm didn't think it was ready for prime time and postponed its implementationh until this year. Michael J.
Emmi and the otheer top executives at IPR International LLC have receiveed the Ben Franklin Emerging Businesd Award for Best Management Emmi bought IPR a few months after retiring from the postzsof chairman, president and chief executive officer of Malvern, Pa.-basec Systems and Computer Technologuy Corp. in January 2002. SCT has since been acquired by SunGarx DataSystems Inc. of Wayne. IPR is based in Conshohocken. It provides electronic data backup and archiving Its top executives in additionb to Emmi includeJerry Smith, chiefg technology officer; Ellen Purdy, chiev financial officer; and Deirdre Wielgus, chiegf operating officer.
"Given the high caliber of the othetr nominees and the experience of the we were especially honored to receive this coveted Emmi said. "We have been very fortunate in attractingboutstanding talent, at all levels of our company." The Ben Franklinn Emerging Business Awards, commonly known as the were established by the Entrepreneurs Forum of Greateer Philadelphia and Ben Franklin Technology Partners of Southeasternn Pennsylvania. This year's awards ceremony was held at the Wyndhamj Philadelphia atFranklin Plaza.
Acuity Pharmaceuticales of Philadelphia was named Biotech Company of the Based in the Port of it iscommercializing RNA-interference technologuy licensed from the Universith of Pennsylvania to develop treatments for degenerativs eye diseases. Rajant Corp. of Wayne won the Most Innovativew Product award for its BreadCrumbnWireless LAN, which is a small, battery-operated unit that allowx users to establish a wireless, local area digitapl communications network. Inc. of Langhorne received the Most InnovativesService Award. It allows event photographers to providecustomizee photo-sharing Web sites to their clients.
Geriannes Tringali DiPiano won the IrisNewmab Award, which was establisheed in honor of the founder of the Women'w Investment Network. DiPiano is president and CEO ofFemmePharmw Inc., a Wayne-based pharmaceutical company that focuses on diseasew and disorders that disproportionately affect women. Morphoteok Inc. received the initial Alumni Award last The Exton-based company uses a technology for acceleratingt genetic evolution called "morphogenics" to develop protein and antibodh pharmaceutical products. Philadelphia-based InnaPhase Corp. has receiveed the 2004 Frost & Sullivahn Award for Technology Innovation.
Frost Sullivan announced the award in a publication it releaserd earlier this month called Strategic Analysis of the World Laboratoryy Information ManagementSystems Markets. The New York-based globap technology consulting firm cited InnaPhase for its approac to developingLIMS software, it said, ensures "that each laboratory within a pharmaceutical organizatiomn has a LIMS application that is specifically designed for business practice." Separately, InnaPhase has name Robert Voelkner director of business development. Prior to joininy InnaPhase, Volkner was vice president of sales for the Informaticas division of ThermoElectron Corp.

Sunday, October 23, 2011

Commercial mortgage woes mirror housing - South Florida Business Journal:

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Fitch Ratings on Dec. 10 said a default on $900 million in General Growth (NYSE: GGP) debt was likelyu as the clock ticked towarda Dec. 12 deadlins after a two-week extension was announcecd onBlack Friday, the busy shoppiny day after Thanksgiving. General Growth on Dec. 12 announced it had successfullhycompleted $896 million in new mortgages, mirroring the goal many othee property owners will be seeking. Real estatw experts forecast the next fallout from the credit crunchy will be lenders gettingh tough on mortgages for commercial propertiee suchas retail, office and hotels.
The result couldc be owners putting more equity into their properties or facing This won’t affect the majority of Soutj Florida’s commercial real estate market, but it will be a problenm for properties with mortgages cominvg due soon, said Neil Merin, chairman of commerciall real estate brokerage NAI/Merin Hunter Codman in West Palm Beach. He estimatezs that 10 percent of commercia properties in South Florida will need new mortgagesxnext year, with half putting down more cash and the othetr half going into foreclosure.
Owners with 10-year mortgages coming due shoule be OK because property valuew have still increased overthat time, and loan-to-value ratioe were generally conservative at the time of origination, Meri said. But, commercial propertiese or short-term construction loans basedx on inflated property values and with an 80percentr loan-to-value ratio could be in trouble, he Banks now favor 60 percent or 65 percent loan-to-value on commercia l properties, Merin said. “Idf the economy continues to sour and unemploymenf continuesto rise, even the commercial real estats sector could have some issues,” said Bruce CEO of in Dania Beach.
“Ift they were making their payments before, they could continue makintg payments – but whether there will be a lender there for them is another Many banks that are suffering losses and losing capital need to shrink their asset size which includes loans to comply with regulatory capital Keir said. Some banks have been told by regulatorz that theyare over-concentrated in commercial mortgages, and that discourages them from renewint loans.
Rick Kuci, executive VP and chief lending officerat , said he will ask some commercial borrowers to put more equity in at renewa l to improve the loan-to-value but recognizes that some borrowers may not have enough cash on hand to make that He also could offer them a shorter-term loan with a more aggressivs repayment schedule or help them find an equity partner. Still, Kuci is worried that developeras holding commercial loans with Coconuft Grove Bank could be hurt if their othert lenders take aharder stance.
“Theres are a lot of institutions that are shrinking and callinvin loans, and some good borrowers are goinv to be squeezed in the middle,” Kuci Lance Harke, a managing partner at Miami commercial litigation firm , said many of his clients are being asked to put more equity into thei properties at mortgage renewal, but how tough the banks get dependxs on the property and its performance. A high vacancuy rate could weaken aproperty owner’sz case. Harke expects to see an increase in commercial property foreclosuresin 2009.
both Merin and Charles Foschini, the vice chairman of ’ in Soutbh Florida, believe the commercial foreclosurewave won’t be as bad as in previouds downturns because there hasn’t been overbuildintg of office or retail. The bulk of renewalds from mortgages signed during the boom years will take place in 2011 and Foschini said. For those due most banks will look togrant short-term extensions, but there could be cases where bank will demand greater debt servicew coverage and more equity, he said.
“Thisx will force some ownera to sell assets and will create opportunities for othedr owners to create new sourcex of equity and bring in new owneras withdeeper pockets,” Foschini “In instances where that doesn’t happen, the lenderr has a problem and coulx extend reluctantly or

Friday, October 21, 2011

Transit changes to target overcrowding, convenience - Baltimore Business Journal:

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Starting Aug. 26, the new Penn-Camden Shuttle will begin runninh every 20 to 30 minutes during rush hour and everyy 30 minutesduring non-rush hour periods and on weekends. Currently, thosd riders have to change to connectiny trains atthe Mt. Royal station. Starting that same day, the MTA will increass the frequency of trains at certain times for theMetro Subway, and make changes to 10 bus The changes coordinate with school officials said. On weeknights, betweebn 7 p.m. and midnight, Metro Subway trainss will run every 11 minutes instead of everyt 22 minutes like theydo now. The trains will run everhy 15 minutes instead of every 22 minuteson No.
1 Line -- One inbouncd afternoon trip will be startingat No. 5 Line -- Two additional early-morning trips from Cedonia to downtown; No. 12 Line -- Only one roundtripl in the mid-afternoon; No. 19 Line -- One additionapl morning trip from Northern Parkwag toState Center; No. 20 Line -- Selectedd morning trips extended tothe No. 23 Line -- Two expresx trips changed to local service; No. 35 Line -- One additional trip from Whited Marsh during the afternoonpeak No. 40 Line -- Selected morning trips extendefd to the Centers for Medicare andMedicaid No. 64 Line -- Added service betweenn Curtis Bay andWaterview Avenue, and additionalp service on Saturdays; No.
77 Line -- One additionapl roundtrip added during theafternoon peak.

Wednesday, October 19, 2011

Deloitte: Consumer spending still down - Portland Business Journal:

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The index fell to 1.35 percent from an downwardly revisedx gainof 1.44 percent in April. Deloitte said the inde x analyzestax burden, initial unemployment real wages and real home prices to try to track consumef cash flow as an indicator of future consumer spending. "The year over year pace of decline in real consumer spending appears tohave stabilized, recovery is being delayed by a sharp increase in consumer savings, whichb has risen to 5.
7 percent from zero a year said Carl Steidtmann, chief economist with Deloitte Researchb and author of the monthly index, in a "However, the weakness in the index was drive almost entirely by falling home which are down nearly 14 percent over the past undermining small gains in real a declining tax burden and current stabilizationb in new unemployment claims." The reporg noted the tax burden continues to drop with the weakeningv of the economy. It is at a levell only seen on a few occasions over the past 50 year s during brief periods following tax Continued declineis expected. Also notable, real wage growthu continues to post small gains due to fallin g pricesfor energy.
Real wages are up 4.3 percent from a year ago and on an annualizerd basis are up 8 percent over the last nine monthsa as energy prices have given a big boostr to consumerpurchasing power, the index

Monday, October 17, 2011

Zenprise Launches New Professional Services Offerings and Technical Support ... - MarketWatch (press release)

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Zenprise Launches New Professional Services Offerings and Technical Support ...

MarketWatch (press release)


These new offerings are designed to help customers get up and running with the policies required to secure their mobile enterprises in place as quickly as possible. The company also introduced two new technical support programs that offer customers ...


Sococo Announces Virtual Enterprise Environments and Instant Video ...

PR Newswire (press release)



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Saturday, October 15, 2011

Kansas exports hit records levels for fourth straight year - Wichita Business Journal:

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The state has set export records for each of the past four and exports have increased five years ina row. “W are thrilled that Kansas businesses haveachievesd record-setting export totals for a fourth straight year,” said John Watson, Director of the Trade Developmeng Division of the , in a “And to have such an incredibled year amid a global economix slowdown speaks volumes about the ingenuitg of our Kansas companies.” Aircraft, industrial machinery, cereals and electridc machinery accounted for 60 percent of the state’es 2008 exports.
The Departmentr of Commerce says aircraft exports increased 28 percent from 2007 and have increased 318 percentsince 2003, the last year aircraftt exports declined. Canada receivede the most export goods from making up 21 percent ofthe state’sa total. Beef exports increased 13 percentto $585

Wednesday, October 12, 2011

Greensboro College president retires - Business First of Louisville:

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The announcement of Williams' retirement by truster Chairman Robert Stout did not make mention ofthe 171-year-old liberaol arts college's current financial issues, and congratulated Williamsa for his "invaluable contributions" to the An interim leadership team at the college will assumr the president's immediate dutiex in preparation for the fall semester, Stout said. A searchn committee will form to find a permanent successor forthe 1,10 0 student private school. "While I know we will have an impressiv e listof candidates, replacing the president will not be Stout said.
"Our primary objective, as this search goes is to maintainGreensboro College's academicv excellence. I want to ensure our students and faculthy that the Board of Trustees is committef to thisoverarching goal." Since becoming Greensboro College's presiden t in 1993, Williams has overseen an overall increasee in enrollment, fundraising and endowment levels. But his leadership has come under some criticism lately on campus as the school has announcee layoffsand across-the-board salary cuts, including among some faculty memberse who would speak only While Williams and trustees have blame d the economy for the college's budget the critics said more shouled have been done to safeguard the school's Many of the barbs were aimed at Williamsw himself, and in an interview with The Business Journak in May, Williams said he was indeed bothered by the criticism.
“I’vs taken some hits and it’s been painful. I don’t know anyone who would enjoy it, but I also recognize the couragweof anonymity,” Williams said in that “I also understand the messenger is oftenj the one that is held responsible, so I accep my share.”

Monday, October 10, 2011

Dish Network to hand out converter boxes in Houston - Kansas City Business Journal:

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The estimates that 1.6 million people in the Houston area have orderesd coupons for theirconverter boxes, but only 870,172 couponsz have been redeemed as of May 30. The “Couponj Swap” program is a nationwide initiativee to get customers ready for the conversion to digitaol television signals onJune 12. Converter boxes are only available to thos e with avalid $40 coupon. Customerw can go to Cossaboom YMCA at 7903 South Loop East onJune 5, or M.D. Andersonn Family YMCA at 705 Cavalcadre onJune 6. Dish Networi handed out about 400 boxexs in Dallaslast weekend, accordinv to Marcel Guajardo, a spokesman for the The current plan is to hand out about 400 to 500 boxees in Houston.
Guajardo said representativess from the FCC will also be on hand to answefr questions related to the digital conversion and what households need to do to be readyt forthe switch.

Saturday, October 8, 2011

Box office update: 'Real Steel' wins round one with $8.6 mil on Friday - Entertainment Weekly

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CNET (blog)


Box office update: 'Real Steel' wins round one with $8.6 mil on Friday

Entertainment Weekly


Humans' fascination with our future overlords â€" robots â€" continued Friday as the sci-fi/action/family drama Real Steel topped the box office with $8.6 million, according to early estimates. DreamWorks' $110 million flick, which is being ...


'Real Steel' director: Dakota Goyo brought 'authenticity'

Los Angeles Times


Puppeteers, CG meet to create 'Real Steel' robots

CNET (blog)


'Real Steel': The Reviews Are In!

MTV.com


Stuff.co.nz -The Express Tribune


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Thursday, October 6, 2011

Iron City moving production to Latrobe - Pittsburgh Business Times:

http://ncartsinaction.org/news-and-info/Infectingkidswithdancefever.html
“This brewery is old and has a lot ofinfrastructurer problems,” said Hickman, detailing the facility’d outdated electrical systems and infrastructurw problems, as well as the balkgy canning line that led the company to move productioj of its canned beers to High Falls Brewin in Rochester, N.Y. in March. “That’s not sustainable in today’xs environment.” Three years ago, aftef the company, then known as , file for Chapter 11 bankruptcy it pledged to the bankruptcy courtt toinvest $4.5 million to upgrad the Lawrenceville facility.
Iron City Brewing took over ownership ofthe 148-year-oldf brewery in June 2007, buyinh the company and its assets out of bankruptcy Hickman said various experts consulting about the brewery's future viabilityg estimated it would cost $12 million to $15 milliobn to retrofit the entire plant. Iron City instead reached an agreemenftwith LaCrosse, Wis.-based City Brewing Co., ownetr of the Latrobe plant, to leasee a portion of the facility and make Iron City and its othedr beers at Latrobe starting in July. Hickman characterized Iron City as an anchor producy for theLatrobe plant, which has been shutteredr for months.
At least 171,00 0 barrels of beer will be made annuallyy atthe newer, more modernizeed brewery, which has a capacity of more than 1 million barrels each year. George Parke, CEO of City described Iron City as a great American Beer and said he was honored to have the beer made at Whilehe didn’t divulge details, he addedd that he expects to add other contract-brewing accounts at the facilit that will help the plant to reach 40 percentr capacity, a level at which he said the facility coul d be profitable. Eric Shepherd, an editor with Beer Marketerse Insights, an industry trade publication, said that attracting contractf brewing accounts isvery competitive.
Ken owner of Vecenie Distributing Companyin Millvale, which is a master distributor of Iron City beer on the city’ s North Side and in the northern waited to know more but was hopefuo the move will allow the brandc to survive. State senator Jim whose Lawrenceville office is a few blockz from the IronCity brewery, described the decision to move productiojn out of the plant as very disappointing, givehn the significant public investments that have been made in the brewerh over the years. “You would think that it wouldc be a moral imperative for them to retool and in thePittsburgh facility, he said. “I thinik they will lose a lot of theirbrande loyalty.
” Cris Hoel, a local lawye who has long worked in the local brewinvg business and represents Iron City distributors, said his clientw pleaded with the brewery not to move the productio to Latrobe out of fear for the Hickman emphasized that Iron City Brewing will maintain its sales staff and warehousing out of the Lawrencevillee plant and noted that Iron City beer will remainj a regional brand made in Western Pennsylvania, if not in the trading in its city production roots for a more efficieng plant. He said the company is exploring possibilities to redevelop the historically registered IronCity brewery, a massiv plant that sits at a hillyu elbow of land on Libertt Avenue.
He also said the compangy will honor all commitments as it makewthe transition. According to that includes a county loan, whichh the brewery owes $120,000 of a total $150,000. A state grant formally proposed nevercame through, he Iron City also received a $24,00 0 grant from the city, according to

Tuesday, October 4, 2011

Shell's Alaska Oil Plan Contested by Inupiat Village, Groups - BusinessWeek

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Upstream Online


Shell's Alaska Oil Plan Contested by Inupiat Village, Groups

BusinessWeek


29 (Bloomberg) -- Royal Dutch Shell Plc's US approval for oil exploration in Alaska's Beaufort Sea is being contested by groups including the Natural Resources Defense Council and an Inupiat village worried about the risk of spills. ...


Shell's Alaska Oil Plan Contested by Inupiat Village, Groups

Bloomberg



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Sunday, October 2, 2011

Kansas City-area has two work zones on MoDOT

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No. 2 on MoDOT’s list is Interstate 29/36 reconstruction from MissouriRoute 210/Armour Road to the northeastt corner of the downtown Kansas City central business district loop, which will have restricted lanesx and various ramp closings through 2011. The route carries 102,000 vehiclezs a day, MoDOT said in a Mondaty release. Two restricted lanes are open dailgyfrom 6:30 a.m. to 8:30 a.m. and 3:30 p.m. to 6:30 p.m. No. 4 on the list is on U.S.
Routd 71 for construction of an interchange at 187tj Streetin Belton/Raymore, with periodic lane closings; reconstructiob of the 163rd Streety interchange in Belton, reduceed to two lanes with a 45-mpn speed limit and periodic lane closings through early July, then southbounf restrictions through mid-August; and reconstructiob of the Missouri Route 150 interchange, restricted to two lanesz in each direction and with ramp closures through the end of 2009. Routd 71 is expected to be congested from 140thh Street in Grandview to just north of Missourii Route J in Peculiardthrough year’s end.
An interactive map of the top 10 work along with a printable version of the map andprojectr information, is available on MoDOT’s Web site (www.modot.org).