Medical insurance, retirement plans: Mashruwala's guidebook Moneycontrol.com Medical insurance, retirement plans: Mashruwala's guidebook. In CNBC-TV18's special show Financial advisor Gaurav Mashruwala talks bout the best investment. He also guides on how to select the medical insurance and why retirement plans are so ... |
Saturday, September 29, 2012
Medical insurance, retirement plans: Mashruwala's guidebook - Moneycontrol.com
hyperwave-exhausted.blogspot.com
Friday, September 28, 2012
Atlanta Business Chronicle: Most emailed Stories
hyperwave-exhausted.blogspot.com
A German land trust is placinga long-term bet on Atlants real estate
A German land trust is placinga long-term bet on Atlants real estate
Thursday, September 27, 2012
Huawei Technologies Co., Ltd. Company Profile | Company Information
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Ltd. In the era of ALL IP and networkk integration, people can use any terminal to enjogy undifferentiatedcommunications experiences. Keeping the integration trend of mobilr and broadband networksin mind, Huaweki Communication is committed to help operators meet theire subscribers' diversified needs for terminals and thus create business potentials for operators by providintg a rich variety of network Huawei Communication is affiliatefd with Huawei Technologies Co., Ltd. and is one of Huawei' s four business units. The research and developmenty of Huawei's communication products startedin 1993.
Huawe i Communication has accumulated rich experience in multiple terminapl technologies suchas WCDMA, CDMA, GSM, PHS, videk conferencing, and access and application terminals. Huawei' Communication products cover a wide rangeof series, includinf mobile phones, Mobile Broadband, Convergence Terminal, Fixed Networj CPE, and Video Products. Huawei Communication has establishedsits R&D centers in the Sweden, Russia, India, Shanghai and Shenzhen.
Its sales and servicde operations have spread across more than70 Besides, Huawei Communication has set up a worldwide logisticx network centered in Ufa, Amsterdam, Dubai, and Rio de Janeiroto delivefr fast and high-quality services to its customerws all over the world. ...
Ltd. In the era of ALL IP and networkk integration, people can use any terminal to enjogy undifferentiatedcommunications experiences. Keeping the integration trend of mobilr and broadband networksin mind, Huaweki Communication is committed to help operators meet theire subscribers' diversified needs for terminals and thus create business potentials for operators by providintg a rich variety of network Huawei Communication is affiliatefd with Huawei Technologies Co., Ltd. and is one of Huawei' s four business units. The research and developmenty of Huawei's communication products startedin 1993.
Huawe i Communication has accumulated rich experience in multiple terminapl technologies suchas WCDMA, CDMA, GSM, PHS, videk conferencing, and access and application terminals. Huawei' Communication products cover a wide rangeof series, includinf mobile phones, Mobile Broadband, Convergence Terminal, Fixed Networj CPE, and Video Products. Huawei Communication has establishedsits R&D centers in the Sweden, Russia, India, Shanghai and Shenzhen.
Its sales and servicde operations have spread across more than70 Besides, Huawei Communication has set up a worldwide logisticx network centered in Ufa, Amsterdam, Dubai, and Rio de Janeiroto delivefr fast and high-quality services to its customerws all over the world. ...
Tuesday, September 25, 2012
Reporter Stuns Britain by Quoting Queen - New York Times
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TIME | Reporter Stuns Britain by Quoting Queen New York Times LONDON â€" Succumbing to what appears to have been a disastrous urge to brag about his super-important connections, a BBC correspondent unexpectedly declared in a radio interview on Tuesday that Queen Elizabeth II had once told him she was “pretty ... BBC apologizes to queen for d isclosure of remarks on Abu Hamza al-Masri BBC apologizes to Queen Elizabeth over radical cleric leak Breach of confidence: Don't quote the queen |
Monday, September 24, 2012
New restaurant to fill shuttered Clubhouse at Lenox Square - Dallas Business Journal:
paramonaxogilozi.blogspot.com
, owner of the upscale Buckhead announced Friday it has signexd an agreementwith Charleston, S.C.-basede restaurateur . to open Lenox Square Grill laterdthis fall. Lenox Square Grill will fill a major vacancy in a signaturde slot atLenox Square. The Clubhouse, part of the countryt club-inspired restaurant chain originally founded by celebrity investors Kevibn Costner andJack Nicklaus, created a void at Lenox Square’s front door when it closed last “We’ve seen such remarkable success from locao restaurant operators in Atlanta,” Tishaa Maley, assistant vice president of leasinf for Simon Property Group, said in a statement.
“CentraArchy Restaurantsz is a great example, with proven concepte that really stand the test of time whils maintaining a loyal patronage fromAtlanta diners. We’re lookingv forward to another strong partnership with CentraArchy and continuing that traditionn with LenoxSquare Grill.” CentraArchy is the companyg behind Tavern at Phipps at Simon-ownede Phipps Plaza. The 12,500-square-foot Lenox Squard Grill will feature300 seats, a large bar and ampld outdoor seating areas. It will be open for lunch anddinner daily. CentraArchy is also the parenty company of NewYork Prime, Californiaq Dreaming, Joey D’s Oak Room.
, owner of the upscale Buckhead announced Friday it has signexd an agreementwith Charleston, S.C.-basede restaurateur . to open Lenox Square Grill laterdthis fall. Lenox Square Grill will fill a major vacancy in a signaturde slot atLenox Square. The Clubhouse, part of the countryt club-inspired restaurant chain originally founded by celebrity investors Kevibn Costner andJack Nicklaus, created a void at Lenox Square’s front door when it closed last “We’ve seen such remarkable success from locao restaurant operators in Atlanta,” Tishaa Maley, assistant vice president of leasinf for Simon Property Group, said in a statement.
“CentraArchy Restaurantsz is a great example, with proven concepte that really stand the test of time whils maintaining a loyal patronage fromAtlanta diners. We’re lookingv forward to another strong partnership with CentraArchy and continuing that traditionn with LenoxSquare Grill.” CentraArchy is the companyg behind Tavern at Phipps at Simon-ownede Phipps Plaza. The 12,500-square-foot Lenox Squard Grill will feature300 seats, a large bar and ampld outdoor seating areas. It will be open for lunch anddinner daily. CentraArchy is also the parenty company of NewYork Prime, Californiaq Dreaming, Joey D’s Oak Room.
Saturday, September 22, 2012
Port of Oakland boss seeks money and attention from U.S. - San Francisco Business Times:
mcfarlainofuqub1258.blogspot.com
Oakland’s Omar Benjamin, who runs the west coast’sa third largest port, said that in meetings with lawmaker this week he will push for the creation of an officee atthe U.S. Department of Transportation that focuses onport issues. “Wre don’t want to get lost in the discussion” of priorities, Benjamij told the Journal of Commerce in a Wednesdayg press conferencein Washington, D.C. Benjamin was joined by the directores of the other major west coast which areLos Angeles, Long Seattle, Tacoma, Wash. and Portland, Ore. Normally those facilities competd aggressively for cargo much of it involving exportsfrom China.
But the joint lobbyinfg push this week underscorews their hunger for infrastructure development dollarsd and other favorable legislation as well as competition from port s in Canada and West coast ports reported that containetr trafficdropped 21.5 percent in the first quarter of 2009 compared with 2008 due to the globapl recession. Meanwhile ports in Canadaw andMexico — while stilol small in comparison to their U.S. counterpartsa — are attracting increasing amounts ofcargo shipping.
And a furtheer threat looms — the Panama Canal expansion is scheduled to be completed as earlhyas 2014, giving shipperw another option to move goods to the Midwest or East The west coast port directors are in Washington this week becauses Congress has begun considering a new $500 billioh surface transportation bill, which must be passed by Septembef or lawmakers can extend the current law. Normallu most of the funding in that bill goes to highwaysx andtransit authorities. The ports hope the new spending bill will include dedicatef funding for cargotransport needs, such as monehy for port security and improved infrastructure.
There are some early indications that port leaderd may gettheir wish. The American Associationn of Port Authorities lauded specific languags ina 90-page surface transportation bill blueprint released by Rep. Jameds Oberstar, the Democratic chair of the Housre Transportation andInfrastructure Committee. His versionh would give priority status to freight andfreigh mobility.
Oakland’s Omar Benjamin, who runs the west coast’sa third largest port, said that in meetings with lawmaker this week he will push for the creation of an officee atthe U.S. Department of Transportation that focuses onport issues. “Wre don’t want to get lost in the discussion” of priorities, Benjamij told the Journal of Commerce in a Wednesdayg press conferencein Washington, D.C. Benjamin was joined by the directores of the other major west coast which areLos Angeles, Long Seattle, Tacoma, Wash. and Portland, Ore. Normally those facilities competd aggressively for cargo much of it involving exportsfrom China.
But the joint lobbyinfg push this week underscorews their hunger for infrastructure development dollarsd and other favorable legislation as well as competition from port s in Canada and West coast ports reported that containetr trafficdropped 21.5 percent in the first quarter of 2009 compared with 2008 due to the globapl recession. Meanwhile ports in Canadaw andMexico — while stilol small in comparison to their U.S. counterpartsa — are attracting increasing amounts ofcargo shipping.
And a furtheer threat looms — the Panama Canal expansion is scheduled to be completed as earlhyas 2014, giving shipperw another option to move goods to the Midwest or East The west coast port directors are in Washington this week becauses Congress has begun considering a new $500 billioh surface transportation bill, which must be passed by Septembef or lawmakers can extend the current law. Normallu most of the funding in that bill goes to highwaysx andtransit authorities. The ports hope the new spending bill will include dedicatef funding for cargotransport needs, such as monehy for port security and improved infrastructure.
There are some early indications that port leaderd may gettheir wish. The American Associationn of Port Authorities lauded specific languags ina 90-page surface transportation bill blueprint released by Rep. Jameds Oberstar, the Democratic chair of the Housre Transportation andInfrastructure Committee. His versionh would give priority status to freight andfreigh mobility.
Friday, September 21, 2012
Boeing to acquire eXMeritus - Atlanta Business Chronicle:
adepylex.blogspot.com
which sells secure hardware and software to the governmenyt and lawenforcement organizations, for an undisclosesd sum. Executives at Boeing BA) say the purchase will help extens its ability to servee the federal cyber security andintelligence markets. “The addition of eXMeritus to our team is a strong enhancement to the Boeing capabilities developed through years of experience on secure networks for some of the most comple systems in nationalsecurituy today,” said Boeing Integrated Defense Systemz President and CEO Jim Albaugh. Fairfax-based eXMeritus is the fourth company that Boeing will add to itssecurity - and intelligence-related lines of business sincde 2008.
Last year Boeing acquired Germantown, Md.-based Digital Receiveer Technology, Herndon, Va.-based Ravenwing and D.C.-based . eXMeritus, founded in will add fewer than 30 employeewto Boeing’s Integrated Defense Systems’ Network and Spacd Systems unit. The company’s products are certified and accreditefd bythe U.S. government to operater on the government’s trusted systems. Boeing said the expected to close by the endof won’t affect Boeing’s financial guidance. Boeing’s Integrated Defense Systeme unit, headquartered in St.
Louis, is a $32 billion businesa with 70,000 employees
which sells secure hardware and software to the governmenyt and lawenforcement organizations, for an undisclosesd sum. Executives at Boeing BA) say the purchase will help extens its ability to servee the federal cyber security andintelligence markets. “The addition of eXMeritus to our team is a strong enhancement to the Boeing capabilities developed through years of experience on secure networks for some of the most comple systems in nationalsecurituy today,” said Boeing Integrated Defense Systemz President and CEO Jim Albaugh. Fairfax-based eXMeritus is the fourth company that Boeing will add to itssecurity - and intelligence-related lines of business sincde 2008.
Last year Boeing acquired Germantown, Md.-based Digital Receiveer Technology, Herndon, Va.-based Ravenwing and D.C.-based . eXMeritus, founded in will add fewer than 30 employeewto Boeing’s Integrated Defense Systems’ Network and Spacd Systems unit. The company’s products are certified and accreditefd bythe U.S. government to operater on the government’s trusted systems. Boeing said the expected to close by the endof won’t affect Boeing’s financial guidance. Boeing’s Integrated Defense Systeme unit, headquartered in St.
Louis, is a $32 billion businesa with 70,000 employees
Thursday, September 20, 2012
Realtors to launch foreclosure courses - Portland Business Journal:
ogarawo.wordpress.com
The group gave the $3,20 to host a foreclosured and shortsales course. And the was given $8,050 to develop a coursr and DVD for consumers and agents on the lega risks associated with foreclosures and short also wasawarded $6,000 to host a Realtor training course on helping consumers who are behind on theird mortgages. The national association gave out morethan $3 millionm to different city associations to help resolve the growing foreclosured problem.
“Realtors build communities, and as the leadingg advocate for homeownership andhousinf issues, we believe that any familu that loses its home to foreclosure is one familh too many,” NAR President Charles McMillan, a broke r with in Dallas-Fort Worth. “Foreclosures affectf each community differently, which is why NAR is providing the Foreclosure Prevention and Responsw grants directly to local and statee Realtor associations so that they candevelopp unique, coordinated action plans to prevent foreclosures and minimize theirr adverse effects on the community.
”
The group gave the $3,20 to host a foreclosured and shortsales course. And the was given $8,050 to develop a coursr and DVD for consumers and agents on the lega risks associated with foreclosures and short also wasawarded $6,000 to host a Realtor training course on helping consumers who are behind on theird mortgages. The national association gave out morethan $3 millionm to different city associations to help resolve the growing foreclosured problem.
“Realtors build communities, and as the leadingg advocate for homeownership andhousinf issues, we believe that any familu that loses its home to foreclosure is one familh too many,” NAR President Charles McMillan, a broke r with in Dallas-Fort Worth. “Foreclosures affectf each community differently, which is why NAR is providing the Foreclosure Prevention and Responsw grants directly to local and statee Realtor associations so that they candevelopp unique, coordinated action plans to prevent foreclosures and minimize theirr adverse effects on the community.
”
Tuesday, September 18, 2012
Sound the trumpet it's time for a New Year - WACH
llrx-royce.blogspot.com
NBCNews.com | Sound the trumpet it's time for a New Year WACH COLUMBIA (WACH) -- Rabbi Daniel Sherman of Tree of Life Congregation explaining what many Jews across the nation are doing as Rosh Hashanah comes into the horizon. “I want to start this New Year with a clean slate. So I do that with prayer through ... Happy Jewish New Year Rosh Hashanah Jewish holy days begin at sundown Sunday Blowing The Shofar On The Jewish New Year |
Monday, September 17, 2012
Chinese Vice President Xi Jinping to meet with Panetta amid health rumors - Washington Post
houston-nearly.blogspot.com
The Atlantic Wire | Chinese Vice President Xi Jinping to meet with Panetta amid health rumors Washington Post BEIJING â€" Defense Secretary Leon E. Panetta has been promised an audience with Chinese Vice President Xi Jinping, U.S. defense officials said Monday, in what would be the Chinese leader's first meeting with a foreign leader since he mysteriously ... Panetta Will Lay Eyes on China's Recently Reemerged Vice President Panetta Extends China Trip to Meet Xi Jinping and Visit Port Pentagon chief to meet China's leader-in-waiting |
Saturday, September 15, 2012
Judge: Sandwich Isles can bid for phone company - bizjournals:
cicugaha.wordpress.com
Hawaiian Telcom had opposed the buyout offer by Sandwich Islesa while itmaintained so-called “exclusivity” to file a reorganization plan through June 30. Hawaiian Telcom was seekinfg an extensionuntil Sept. 30, but that requestr was denied Wednesdayby U.S. Bankruptcg Judge Lloyd King. King said his decision was not a criticismm ofHawaiian Telcom’s reorganization plan, filedr June 3, nor an endorsement of Sandwich Isles, according to Hawaiian Telcom spokesman Brian Tanner. Tanner said the company stands behinsd its proposed plan to reducwe theHawaiian Telcom’s debt by nearly $790 from $1.1 billion to $300 million.
Honolulu-basee Sandwich Isles’ competing Chapter 11 reorganization plan for Hawaiiajn Telcom includes an offer to buy thephone company’sx assets using $250 million in cash and $150 milliohn in debt. Hawaiian Telcom has said it rejectedSandwicyh Isles’ offer in May, citing Sandwich lack of committed financing, lack of federal and state licenses to operate in urban and lack of experience and ability to operate a full-services communications company.
Hawaiian Telcom had opposed the buyout offer by Sandwich Islesa while itmaintained so-called “exclusivity” to file a reorganization plan through June 30. Hawaiian Telcom was seekinfg an extensionuntil Sept. 30, but that requestr was denied Wednesdayby U.S. Bankruptcg Judge Lloyd King. King said his decision was not a criticismm ofHawaiian Telcom’s reorganization plan, filedr June 3, nor an endorsement of Sandwich Isles, according to Hawaiian Telcom spokesman Brian Tanner. Tanner said the company stands behinsd its proposed plan to reducwe theHawaiian Telcom’s debt by nearly $790 from $1.1 billion to $300 million.
Honolulu-basee Sandwich Isles’ competing Chapter 11 reorganization plan for Hawaiiajn Telcom includes an offer to buy thephone company’sx assets using $250 million in cash and $150 milliohn in debt. Hawaiian Telcom has said it rejectedSandwicyh Isles’ offer in May, citing Sandwich lack of committed financing, lack of federal and state licenses to operate in urban and lack of experience and ability to operate a full-services communications company.
Friday, September 14, 2012
State budget concerns stall USF pharmacy program - South Florida Business Journal:
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A bill pending in the establishinga four-year doctorf of pharmacy degree program at USF is stalled as lawmakerzs grapple with a budget Without legislative approval, the progran could be delayed, exacerbating a shortage of pharmacists in the The university isn’t asking for any money for the programj right now, although it plans to seek state supportr beginning in fiscal year But, with the state facing a budgey shortfall for the upcominvg fiscal year, Senate staffers are blockingh progress of any spending bills, USF President Judy Genshafrt told a board of trustees workgroup on April 16.
Genshaftf asked trustees and others at the meeting tosend e-mails to Senatew leaders urging passage of the measure. “The pharmacy programn is about providing for the needsz ofthe state,” said Rhea Law, president of the board of adding that retailers such as (NYSE: WAG) and insurerx such as are in need of more pharmacists in “The state would put money into incentivew to bring these jobs here,” Law voted in January to approve the USF pharmacg program, but the Legislature also needs to give its OK becausr pharmacists are licensed by the state. Identicalo measures pending in the House and Senate authorizethe program.
The Hous bill is progressing smoothly, but the Senate sponsored by Sen. Mike Fasano, R-Nesw Port Richey, is being held up, Genshafgt said. Fasano did not return a call for The university is using fundsw from corporate andprivate donors, including a $1 millionn anonymous gift, for the initial For fiscal year 2011-12, when the first class of 50 studentz would enroll, USF is asking for $1.4 milliob from the state, followedd by $2.7 million in FY The program is expected to reach full capacity at 400 studentw in 2016. Tuition would coverf about 70 percent ofthe costs.
If the Legislatur e doesn’t approve the USF could delay it for one year and ask for state fundw beginning inFY 2012-13, Genshaff said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increase private investment and reallocating othert university resources. Five other Floridw institutions offer doctor ofpharmacy degrees. Genshafft said none have objected to theUSF
A bill pending in the establishinga four-year doctorf of pharmacy degree program at USF is stalled as lawmakerzs grapple with a budget Without legislative approval, the progran could be delayed, exacerbating a shortage of pharmacists in the The university isn’t asking for any money for the programj right now, although it plans to seek state supportr beginning in fiscal year But, with the state facing a budgey shortfall for the upcominvg fiscal year, Senate staffers are blockingh progress of any spending bills, USF President Judy Genshafrt told a board of trustees workgroup on April 16.
Genshaftf asked trustees and others at the meeting tosend e-mails to Senatew leaders urging passage of the measure. “The pharmacy programn is about providing for the needsz ofthe state,” said Rhea Law, president of the board of adding that retailers such as (NYSE: WAG) and insurerx such as are in need of more pharmacists in “The state would put money into incentivew to bring these jobs here,” Law voted in January to approve the USF pharmacg program, but the Legislature also needs to give its OK becausr pharmacists are licensed by the state. Identicalo measures pending in the House and Senate authorizethe program.
The Hous bill is progressing smoothly, but the Senate sponsored by Sen. Mike Fasano, R-Nesw Port Richey, is being held up, Genshafgt said. Fasano did not return a call for The university is using fundsw from corporate andprivate donors, including a $1 millionn anonymous gift, for the initial For fiscal year 2011-12, when the first class of 50 studentz would enroll, USF is asking for $1.4 milliob from the state, followedd by $2.7 million in FY The program is expected to reach full capacity at 400 studentw in 2016. Tuition would coverf about 70 percent ofthe costs.
If the Legislatur e doesn’t approve the USF could delay it for one year and ask for state fundw beginning inFY 2012-13, Genshaff said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increase private investment and reallocating othert university resources. Five other Floridw institutions offer doctor ofpharmacy degrees. Genshafft said none have objected to theUSF
Thursday, September 13, 2012
Suns Charities nets record $1.1M - Atlanta Business Chronicle:
moakhamet84.blogspot.com
million to 119 Arizona This is the most successful seasom in the Phoenix SunsCharities 20-year historh of funding community projects for children and said Tom Ambrose, executive director of Phoenix Suns Most awards are small, he but the big $100,000 Playmaker Awars went to , which providew free services to cancer survivors and theier families. Paula Hardison, executive director of The Wellness Community, said all funding for the Phoenix nonprofit comes from individuals, corporations and foundations. This year it raisec $1.7 million, compared with $783,000 last “Our giving has been reallt quite consistent,” she said. Nationally, contributions are down slightly.
Total giving in 2008 was $308 down 2 percent from a recorcd $314 billion in 2007, accordin g to Giving USA Foundation, which has conducted a giving surveysince 1956. Two-thirds of public charities receiving donations saw decreasesin 2008, accordingv to the survey. “With the United States mired in a recessiomthroughout 2008, there was no doubt in anyone’s mind that charitabler giving would be down,” said Del Martin, chai r of Glenview, Ill.-based Giving USA “However, what we find remarkable is that corporations and foundations still provided more than $307 billionm to causes they support, despite the economic This year, Phoenix Suns Charitiex raised about $1.
7 million from its various fundraising including $1.3 million from the Suns and Stard Gala — about the same amount as last Supporters gave about $26,000 in honor of Dave Trout, president of Phoenix Suns Charitieds who died hiking in March. For more:
million to 119 Arizona This is the most successful seasom in the Phoenix SunsCharities 20-year historh of funding community projects for children and said Tom Ambrose, executive director of Phoenix Suns Most awards are small, he but the big $100,000 Playmaker Awars went to , which providew free services to cancer survivors and theier families. Paula Hardison, executive director of The Wellness Community, said all funding for the Phoenix nonprofit comes from individuals, corporations and foundations. This year it raisec $1.7 million, compared with $783,000 last “Our giving has been reallt quite consistent,” she said. Nationally, contributions are down slightly.
Total giving in 2008 was $308 down 2 percent from a recorcd $314 billion in 2007, accordin g to Giving USA Foundation, which has conducted a giving surveysince 1956. Two-thirds of public charities receiving donations saw decreasesin 2008, accordingv to the survey. “With the United States mired in a recessiomthroughout 2008, there was no doubt in anyone’s mind that charitabler giving would be down,” said Del Martin, chai r of Glenview, Ill.-based Giving USA “However, what we find remarkable is that corporations and foundations still provided more than $307 billionm to causes they support, despite the economic This year, Phoenix Suns Charitiex raised about $1.
7 million from its various fundraising including $1.3 million from the Suns and Stard Gala — about the same amount as last Supporters gave about $26,000 in honor of Dave Trout, president of Phoenix Suns Charitieds who died hiking in March. For more:
Tuesday, September 11, 2012
Global Telecoms - Smart Cities and Artificial Intelligence - Sacramento Bee
cicugaha.wordpress.com
Global Telecoms - Smart Cities and Artificial Intelligence Sacramento Bee Societies to be based on smart technologyBuddeComm's annual publication Global Telecoms â€" Smart Societies and Artificial Intelligence, provides the key global trends and insights for these important and interesting sectors which will form the ... |
Monday, September 10, 2012
Business Journal names Women in Business award winners - Minneapolis / St. Paul Business Journal:
titus-neither.blogspot.com
Among the honorees are 25 Wome n toWatch — leaders to keep an eye on for continued success — as well as 25 Industruy Leaders already at the forefront of theird industries and still breaking new ground. The Careerr Achievement Award honors afemals executive’s achievements in outstanding leadership, exceptional performancd in her field and involvemeny in the Twin Cities businessd community.
The Women in Business issuee also features the Paul BusinessJournal ’s new Top 25 Highest-paidd Women Executives list of womem at Minnesota public companies, as well as the Top 25 Women-ownecd Businesses in the Twin Cities, ranked by revenued from the most recently completed fiscal year. You can find all the profile (subscription required). Jeannine Rivet, executivre vice president, UnitedHealth Group Cheri Beranek presidentand CEO, Clearfield Inc.
Jill executive vice president and branch Gail Boudreaux, president of UnitedHealthcare and executive vice presidenrt of Laurie Brown, founder and CEO, Lynn Carlson Schell, presidentg and managing principal, Barbara partner, Anne deBruin Sample, executive vice human resources, Kate author Robin Engelson, managing director, Lazarxd Middle Market Martha Goldberv Aronson, senior vice president and chief talenrt officer, Christine Hobrough, senior vice president and regionalo market manager, Julia Knight, president, Sona founder and executive director, CaringBridge Katherine Moss, president and CEO, Deb founder and owner, Newman Long Term Care Brigid O’Malley, Inc.
Mary Lynne Perushek, vice president and chiet information officer, Inc. LouAnne Reger, CEO, J&L Steek Erectors Stacy Sandler, principal, Nancy Schuelke, regional privatre banking director, Michelle Strobel, partner, Virchow Krause Co. MaryAnn Stump, senior vice president and chief strategyy andinnovation officer, Blue Cros s and Blue Shield of Minnesota Ann president, Bentz/Thompson/ Shirley Weis, chief administrative Barbara Yates, executive director, Resources for Chilr Caring Emily Backstrom, senior finance manager, Laura Bishop, director of governmengt relations, Inc.
Elizabeth shareholder and treasurer, Briggd and Morgan Jennifer Brigham, president, CEO and founder, Teresa managing partner, Patricia Dennis, vice president of healtbh management, Medica Cindy Deuser, CEO, Lilliansz Shoppes Julie Halvorson, project manager, Elise Hernandez, president and CEO, Christinse Horton, CEO and founder, CoreSpine Technologies Jocelyn Knoll, Teresa Lavoie, principal, Betsy Lulfs, director, Kris Lynch, presidentr and CEO, SmartBase Solutions Gail Mikolich, executiver vice president and chief operating Beth Monsrud, senior vice presiden t and chief financial officer, UCare Kim Nelson, chiec financial officer, Krista O’Malley, DelPrado Commercial Flooring Sara Ratner, senior legal counsel/vice president of human resources, Stephanie owner, Traci Tomas, executive vice Jennifer Thalhuber, president and CEO, Olga Viso, Meghan Wilker, managing director, Theresa Wise, senior vice president and chiec information officer,
Among the honorees are 25 Wome n toWatch — leaders to keep an eye on for continued success — as well as 25 Industruy Leaders already at the forefront of theird industries and still breaking new ground. The Careerr Achievement Award honors afemals executive’s achievements in outstanding leadership, exceptional performancd in her field and involvemeny in the Twin Cities businessd community.
The Women in Business issuee also features the Paul BusinessJournal ’s new Top 25 Highest-paidd Women Executives list of womem at Minnesota public companies, as well as the Top 25 Women-ownecd Businesses in the Twin Cities, ranked by revenued from the most recently completed fiscal year. You can find all the profile (subscription required). Jeannine Rivet, executivre vice president, UnitedHealth Group Cheri Beranek presidentand CEO, Clearfield Inc.
Jill executive vice president and branch Gail Boudreaux, president of UnitedHealthcare and executive vice presidenrt of Laurie Brown, founder and CEO, Lynn Carlson Schell, presidentg and managing principal, Barbara partner, Anne deBruin Sample, executive vice human resources, Kate author Robin Engelson, managing director, Lazarxd Middle Market Martha Goldberv Aronson, senior vice president and chief talenrt officer, Christine Hobrough, senior vice president and regionalo market manager, Julia Knight, president, Sona founder and executive director, CaringBridge Katherine Moss, president and CEO, Deb founder and owner, Newman Long Term Care Brigid O’Malley, Inc.
Mary Lynne Perushek, vice president and chiet information officer, Inc. LouAnne Reger, CEO, J&L Steek Erectors Stacy Sandler, principal, Nancy Schuelke, regional privatre banking director, Michelle Strobel, partner, Virchow Krause Co. MaryAnn Stump, senior vice president and chief strategyy andinnovation officer, Blue Cros s and Blue Shield of Minnesota Ann president, Bentz/Thompson/ Shirley Weis, chief administrative Barbara Yates, executive director, Resources for Chilr Caring Emily Backstrom, senior finance manager, Laura Bishop, director of governmengt relations, Inc.
Elizabeth shareholder and treasurer, Briggd and Morgan Jennifer Brigham, president, CEO and founder, Teresa managing partner, Patricia Dennis, vice president of healtbh management, Medica Cindy Deuser, CEO, Lilliansz Shoppes Julie Halvorson, project manager, Elise Hernandez, president and CEO, Christinse Horton, CEO and founder, CoreSpine Technologies Jocelyn Knoll, Teresa Lavoie, principal, Betsy Lulfs, director, Kris Lynch, presidentr and CEO, SmartBase Solutions Gail Mikolich, executiver vice president and chief operating Beth Monsrud, senior vice presiden t and chief financial officer, UCare Kim Nelson, chiec financial officer, Krista O’Malley, DelPrado Commercial Flooring Sara Ratner, senior legal counsel/vice president of human resources, Stephanie owner, Traci Tomas, executive vice Jennifer Thalhuber, president and CEO, Olga Viso, Meghan Wilker, managing director, Theresa Wise, senior vice president and chiec information officer,
Sunday, September 9, 2012
National Association of Realtors: Second-home sales fall - Denver Business Journal:
vittitowmehigyk1238.blogspot.com
But, those who are buying are doin so with cash with more than four out of 10 investmenft buyers and more than three in 10 vacatioh home buyers coming to the table with moneuyup front. “We expected vacation-homed sales to fall given the impact of a declining economy ondiscretionary purchases,” said Lawrence Yun, NAR chie economist, in a news release. “zA steady share of investment-home sales results from buyers taking advantagde of deeply discounted prices inmany areas, with a smalledr portion of new homes in the salezs mix.
” The market share of home purchased for investment was 21 percent last unchanged from 2007, while an additional 9 perceng were vacation homes, down from a 12 percent market share in 2007, according to NAR. And as with the marketr for primary residences, second-home pricese were also down significantly. The median price of a vacatiohn homewas $150,000 in 2008, down 23.1 percent from $195,00 0 in 2007. The typical investment propertycost $108,000 last which is 28.
0 percent below the 2007 median of according to the Realtor The typical vacation-home buyer in 2008 was 46 yearas old, had a median househol d income of $97,200, and purchased a property that was a median of 316 milesz from their primary residence. Investment-homre buyers in 2008 had a media ageof 47, earned and bought a home that was fairlyy close to their primary residence – a median distance of 19 Twenty-six percent of vacation homeds were purchased in small towns, 23 percent in a ruraol area, 23 percent in resorts, 20 percen in a suburb and 8 percent in an urban area or centrao city.
Twenty-eight percent of investment homea were purchased ina suburb, 20 percent in an urbah or central city area, 23 percent in a ruraol area, 22 percent in a smalkl town and 6 percent in a resortg area. Seventy percent of vacatioj homes purchased in 2008 weredetached single-family homes, 18 percenrt condos, 5 percent townhouses or row houses and 7 percenft other. Sixty-four percent of investment homes purchased in 2008 weredetached single-family homes, 22 percenft condos, 8 percent townhouses or row houses and 6 percenft other. The survey, conducted in March, includes answersa from 1,924 usable responses.
But, those who are buying are doin so with cash with more than four out of 10 investmenft buyers and more than three in 10 vacatioh home buyers coming to the table with moneuyup front. “We expected vacation-homed sales to fall given the impact of a declining economy ondiscretionary purchases,” said Lawrence Yun, NAR chie economist, in a news release. “zA steady share of investment-home sales results from buyers taking advantagde of deeply discounted prices inmany areas, with a smalledr portion of new homes in the salezs mix.
” The market share of home purchased for investment was 21 percent last unchanged from 2007, while an additional 9 perceng were vacation homes, down from a 12 percent market share in 2007, according to NAR. And as with the marketr for primary residences, second-home pricese were also down significantly. The median price of a vacatiohn homewas $150,000 in 2008, down 23.1 percent from $195,00 0 in 2007. The typical investment propertycost $108,000 last which is 28.
0 percent below the 2007 median of according to the Realtor The typical vacation-home buyer in 2008 was 46 yearas old, had a median househol d income of $97,200, and purchased a property that was a median of 316 milesz from their primary residence. Investment-homre buyers in 2008 had a media ageof 47, earned and bought a home that was fairlyy close to their primary residence – a median distance of 19 Twenty-six percent of vacation homeds were purchased in small towns, 23 percent in a ruraol area, 23 percent in resorts, 20 percen in a suburb and 8 percent in an urban area or centrao city.
Twenty-eight percent of investment homea were purchased ina suburb, 20 percent in an urbah or central city area, 23 percent in a ruraol area, 22 percent in a smalkl town and 6 percent in a resortg area. Seventy percent of vacatioj homes purchased in 2008 weredetached single-family homes, 18 percenrt condos, 5 percent townhouses or row houses and 7 percenft other. Sixty-four percent of investment homes purchased in 2008 weredetached single-family homes, 22 percenft condos, 8 percent townhouses or row houses and 6 percenft other. The survey, conducted in March, includes answersa from 1,924 usable responses.
Friday, September 7, 2012
Genesco reports quarterly loss - Nashville Business Journal:
ogarawo.wordpress.com
million loss in the first quarter ofthe company’ fiscal year. Losses in the quarted ending May2 — the first quarter of the company’xs 2010 fiscal year came in at 30 cents per diluted compared to earnings of $129.4 million, or 5.14 centw per diluted share, in the same quarterd of last year. Revenued for Genesco Inc. (NYSE: GCO) came in at $370,366, up 3.8 percen t compared to the year-ag o quarter. Genesco’s first quarter earnings reflectedr pretax chargesof $11 million, or $0.47 per diluted related to a loss on the earlyu retirement of debt tied to the exchange of $56. 4 million of convertible notes for common stock announced inApril 2009.
Charge s also included fixed asset impairments, leas e terminations, litigation settlements and a higher effectivetax rate, the companyt says. On average, analysts expected earnings per share of4 cents, accordinvg to Thompson Reuters. The low estimate of analystd surveyed was a loss of 2 centsper “Given the current economic environment, we are pleased with our better-than-expected performance in the firstr quarter,” Genesco President and CEO Robery Dennis says in the release. “Our abilith to deliver these results in such turbuleny times highlights the benefits of our diversifiedr operating model and the strengtn and experience of ourmanagement team.
” Genesco is a Nashville-based specialtyh retailer, selling footwear, headwear and accessories in more than 2,225 retail stores in the United Statews and Canada, principally under the names Journeys Kidz, Shi by Journeys, Johnston Murphy, Underground Station, Hatworld, Lids, Hat Hat Zone, Head Quarters and Cap Connection. Shares of Genesco were tradingbat $24.40 this up 2.8 percent from yesterday’s closinf price of $23.70. The 52-week range of the stoco is $24.45 to $25.10.
million loss in the first quarter ofthe company’ fiscal year. Losses in the quarted ending May2 — the first quarter of the company’xs 2010 fiscal year came in at 30 cents per diluted compared to earnings of $129.4 million, or 5.14 centw per diluted share, in the same quarterd of last year. Revenued for Genesco Inc. (NYSE: GCO) came in at $370,366, up 3.8 percen t compared to the year-ag o quarter. Genesco’s first quarter earnings reflectedr pretax chargesof $11 million, or $0.47 per diluted related to a loss on the earlyu retirement of debt tied to the exchange of $56. 4 million of convertible notes for common stock announced inApril 2009.
Charge s also included fixed asset impairments, leas e terminations, litigation settlements and a higher effectivetax rate, the companyt says. On average, analysts expected earnings per share of4 cents, accordinvg to Thompson Reuters. The low estimate of analystd surveyed was a loss of 2 centsper “Given the current economic environment, we are pleased with our better-than-expected performance in the firstr quarter,” Genesco President and CEO Robery Dennis says in the release. “Our abilith to deliver these results in such turbuleny times highlights the benefits of our diversifiedr operating model and the strengtn and experience of ourmanagement team.
” Genesco is a Nashville-based specialtyh retailer, selling footwear, headwear and accessories in more than 2,225 retail stores in the United Statews and Canada, principally under the names Journeys Kidz, Shi by Journeys, Johnston Murphy, Underground Station, Hatworld, Lids, Hat Hat Zone, Head Quarters and Cap Connection. Shares of Genesco were tradingbat $24.40 this up 2.8 percent from yesterday’s closinf price of $23.70. The 52-week range of the stoco is $24.45 to $25.10.
Thursday, September 6, 2012
Acura's RDX moves mainstream - Huffington Post
disqualify-sida.blogspot.com
Acura's RDX moves mainstream Huffington Post Redesigned for 2013, the Acura RDX compact sport utility vehicle is slightly larger, with a more compliant ride, than its predecessor and has more power than ever while beating the popular Lexus RX 350 in fuel economy ratings. The new RDX also has more ... |
Tuesday, September 4, 2012
Vanderbilt names new CFO - Baltimore Business Journal:
ogarawo.wordpress.com
Sweet, 38, comes to Vanderbilt from , where he was dean of administratiom and finance ofthe school’a Faculty of Arts and Sciences, which encompasses Harvarsd College, the Graduate School of Arts and the School of Engineering and Applies Science and the Division of Continuing Prior to that, he was executive vice presidengt of finance and administration and chiegf financial officer at and was responsibl e for the college’s finances, capital markets management, information human resources, facilities, researc h administration, business operations and investment Sweet also was a principal with and spenrt five years as a nuclear submarine officer in the Navy beforwe earning his master of business administration from Harvard.
Sweet succeeds Lauren who retired from Vanderbilt in The appointment is expectefd to be approved by the Vanderbilt Board of and will be effective inlate August.
Sweet, 38, comes to Vanderbilt from , where he was dean of administratiom and finance ofthe school’a Faculty of Arts and Sciences, which encompasses Harvarsd College, the Graduate School of Arts and the School of Engineering and Applies Science and the Division of Continuing Prior to that, he was executive vice presidengt of finance and administration and chiegf financial officer at and was responsibl e for the college’s finances, capital markets management, information human resources, facilities, researc h administration, business operations and investment Sweet also was a principal with and spenrt five years as a nuclear submarine officer in the Navy beforwe earning his master of business administration from Harvard.
Sweet succeeds Lauren who retired from Vanderbilt in The appointment is expectefd to be approved by the Vanderbilt Board of and will be effective inlate August.
Monday, September 3, 2012
Vending machine maker moving to South Carolina - St. Louis Business Journal:
caloloary.blogspot.com
As a result, 300 Cran Merchandising employees will get pink slips in the cominy weeks as theEarth City-based company movexs manufacturing operations to a plant in South Carolina. Crane Merchandising, which has St. Louiz roots dating back to 1933, makew snack and beverage vending machinex and coffee machines at the EartjCity plant. The company notified Missour i officials in April that it woulr begin laying off employees June 1 as part of its plantconsolidation plan. Tom director of marketing forCrane Merchandising, said economic development officialsd from Missouri and South Carolina knew the compan was weighing consolidating its operations eithere in St.
Louis or at its planf in Williston, S.C. “They (South Carolina officials) made a very aggressive offer,” Edwardd said. “They made direct contact with the Missouri, in our estimation, did not act in the same manner.” “Wer offered them $890,000 in new jobs training progranm if they had remained in Missouri and broughft new jobs to the We thought we brought a verycompetitive package,” said John a spokesman for the Economic Crane Merchandising had previouslyh been approved for more than $34,000 in job traininhg funds, which the company had not spent, Fougere Softening the blow will be the fact St.
Louisz will remain headquarters for Crane Edwards will be part ofa 75-100 person team of engineers, sales and marketing and administratiom people remaining here. Edwards declined to discuss financial incentivew South Carolina made available but said they were significantly more than whatMissouri offered. Fougere said Missouri hoped to offee Crane Merchandisingaddition incentives, such as the Missourio Quality Jobs program, but Cran Merchandising could not qualify under strict requirementws for that program. Quality Jobs requires companies to pay a wage equal to thecounty average, about $47,000 a year for St.
Louisd County, and provide more than half the health-care coverage for its workers; Crane Merchandising’s average wage is about $24,000, Fougere said. The requestef a summary of Souty Carolina’s incentive package for Crane Merchandising. Kara a spokeswoman for the SouthCarolina , said May 27 the stater would provide the information within 15 days. The South Carolins Department of Commerce issued a statement March 11 announcint Crane Merchandising will investabout $20 millioh over time in its Williston facility, which now has the potential to increasre employment by 1,000 jobs over the next five The same press statement quoted economicx development officials from South Carolinw saying Crane Merchandising’s consolidation was eithe r going to create hundreds of new jobs in Williston or lead to a planty closing, affecting about 500 workers in the state.
South Carolina’ Department of Commerce Web site toutsa pro-business environment with no or low statw taxes, performance-based incentives that rebate a portiohn of new employees’ withholding taxes, and an enterprise zone retrainingf credit program that allowes companies to reimburse themselves up to 50 percent of approved retraining costs, up to $500 a personh per year. Crane Merchandising has put itsnearly 450,000-square-foot facilituy in Earth City up for sale. Jeff Orf, senior directorf with Gateway Commercial, is the lead brokee for the Crane Merchandising facility at 12949 Enterprise Way in Earth The property is divided intotwo parts.
The distributiohn center and manufacturing operationcover 443,000 square feet and has an askingb price of $12 million; an adjacent, 39,816-square-foot officde building has an asking price of $2.4 million. Both sitexs are on a 25-acre tract and shoulfd be ready for occupancy by Orf said. Crane Merchandising started in St. Louis as , a businesa launched in 1933. Crane Co. acquirerd National Vendors in 1985. Last year Cranse Merchandising madeup $402 million of the publicly traded Crane’es $2.6 billion in sales.
As a result, 300 Cran Merchandising employees will get pink slips in the cominy weeks as theEarth City-based company movexs manufacturing operations to a plant in South Carolina. Crane Merchandising, which has St. Louiz roots dating back to 1933, makew snack and beverage vending machinex and coffee machines at the EartjCity plant. The company notified Missour i officials in April that it woulr begin laying off employees June 1 as part of its plantconsolidation plan. Tom director of marketing forCrane Merchandising, said economic development officialsd from Missouri and South Carolina knew the compan was weighing consolidating its operations eithere in St.
Louis or at its planf in Williston, S.C. “They (South Carolina officials) made a very aggressive offer,” Edwardd said. “They made direct contact with the Missouri, in our estimation, did not act in the same manner.” “Wer offered them $890,000 in new jobs training progranm if they had remained in Missouri and broughft new jobs to the We thought we brought a verycompetitive package,” said John a spokesman for the Economic Crane Merchandising had previouslyh been approved for more than $34,000 in job traininhg funds, which the company had not spent, Fougere Softening the blow will be the fact St.
Louisz will remain headquarters for Crane Edwards will be part ofa 75-100 person team of engineers, sales and marketing and administratiom people remaining here. Edwards declined to discuss financial incentivew South Carolina made available but said they were significantly more than whatMissouri offered. Fougere said Missouri hoped to offee Crane Merchandisingaddition incentives, such as the Missourio Quality Jobs program, but Cran Merchandising could not qualify under strict requirementws for that program. Quality Jobs requires companies to pay a wage equal to thecounty average, about $47,000 a year for St.
Louisd County, and provide more than half the health-care coverage for its workers; Crane Merchandising’s average wage is about $24,000, Fougere said. The requestef a summary of Souty Carolina’s incentive package for Crane Merchandising. Kara a spokeswoman for the SouthCarolina , said May 27 the stater would provide the information within 15 days. The South Carolins Department of Commerce issued a statement March 11 announcint Crane Merchandising will investabout $20 millioh over time in its Williston facility, which now has the potential to increasre employment by 1,000 jobs over the next five The same press statement quoted economicx development officials from South Carolinw saying Crane Merchandising’s consolidation was eithe r going to create hundreds of new jobs in Williston or lead to a planty closing, affecting about 500 workers in the state.
South Carolina’ Department of Commerce Web site toutsa pro-business environment with no or low statw taxes, performance-based incentives that rebate a portiohn of new employees’ withholding taxes, and an enterprise zone retrainingf credit program that allowes companies to reimburse themselves up to 50 percent of approved retraining costs, up to $500 a personh per year. Crane Merchandising has put itsnearly 450,000-square-foot facilituy in Earth City up for sale. Jeff Orf, senior directorf with Gateway Commercial, is the lead brokee for the Crane Merchandising facility at 12949 Enterprise Way in Earth The property is divided intotwo parts.
The distributiohn center and manufacturing operationcover 443,000 square feet and has an askingb price of $12 million; an adjacent, 39,816-square-foot officde building has an asking price of $2.4 million. Both sitexs are on a 25-acre tract and shoulfd be ready for occupancy by Orf said. Crane Merchandising started in St. Louis as , a businesa launched in 1933. Crane Co. acquirerd National Vendors in 1985. Last year Cranse Merchandising madeup $402 million of the publicly traded Crane’es $2.6 billion in sales.
Sunday, September 2, 2012
Terremark Q4 revenue, earnings up - Portland Business Journal:
dyakonostrlin.blogspot.com
million from $56.8 million in the prior-year The Miami-based IT infrastructure servicesprovider TMRK) said net income for the quarter endefd March 31 was $3.5 million, or 6 cents a up from a loss of $2.6 or 5 cents a share, the year Though revenue fell short of the $74.2 millioj analysts expected, the company beat the consensue for net income; analysts were expectinv a penny a share. Revenue for the full year was $250.5 million, up from $187.4 million in the previousd year.
“As our company heads into fiscapl 2010, we believe our robust pipelin e and the consistently strong customer demand for our products and servicesx will continue to drivestrong results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookingsw during thefourth quarter, logging $31.8 millio of new annual contracr value. The company is in the blackm after years ofsteady Still, Terremark has managed to consistently grow revenud and has been aggressively pursuing federal government a strong suit for the With a growing facilityt in suburban Washington, D.C.
, that caterx to government business, the company expects to benefit from federak stimulus dollars. During the fourtuh quarter, the federal government accounted for 30 percentrof Terremark’s total revenue, Medina said during a conferenc call Tuesday evening. That’s a 76 percent year-over-yeaf increase in government revenue. “Iu have never been more optimistic about the visibility and size of ourgovernmenty pipeline,” Medina said. “Terremarko Worldwide is enjoying strong visibility into fiscaklyear 2010, coming into the year with the highest backlog in the company’s analysts wrote in a May 4 report.
“Ths ability to service new government contracts and partnerships with most of the largw federal contractors should also providre strategic alternatives for management as they look to continu e their capacitygrowth [at the suburban D.C., location].” Just priotr to its earnings announcement, Terremark said Palo Calif.-based would acquire aboutr 5 percent of its stock. Under the agreement, the virtualizatiob and cloud-computing specialist will purchase 4 million shares of newly issued Terremarik common stockat $5 a for a total investment of $20 million. For the firs t quarter of fiscalyear 2010, Terremarlk said it expects revenue from $63 milliom to $66 million.
For the full fisca l year, the company projectss revenuebetween $290 million and $300 million. Shares closed up 33 centsz to $4.80. The 52-week high was $7.67 on Sept. 8. The 52-weei low was $1.85 on March 9.
million from $56.8 million in the prior-year The Miami-based IT infrastructure servicesprovider TMRK) said net income for the quarter endefd March 31 was $3.5 million, or 6 cents a up from a loss of $2.6 or 5 cents a share, the year Though revenue fell short of the $74.2 millioj analysts expected, the company beat the consensue for net income; analysts were expectinv a penny a share. Revenue for the full year was $250.5 million, up from $187.4 million in the previousd year.
“As our company heads into fiscapl 2010, we believe our robust pipelin e and the consistently strong customer demand for our products and servicesx will continue to drivestrong results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookingsw during thefourth quarter, logging $31.8 millio of new annual contracr value. The company is in the blackm after years ofsteady Still, Terremark has managed to consistently grow revenud and has been aggressively pursuing federal government a strong suit for the With a growing facilityt in suburban Washington, D.C.
, that caterx to government business, the company expects to benefit from federak stimulus dollars. During the fourtuh quarter, the federal government accounted for 30 percentrof Terremark’s total revenue, Medina said during a conferenc call Tuesday evening. That’s a 76 percent year-over-yeaf increase in government revenue. “Iu have never been more optimistic about the visibility and size of ourgovernmenty pipeline,” Medina said. “Terremarko Worldwide is enjoying strong visibility into fiscaklyear 2010, coming into the year with the highest backlog in the company’s analysts wrote in a May 4 report.
“Ths ability to service new government contracts and partnerships with most of the largw federal contractors should also providre strategic alternatives for management as they look to continu e their capacitygrowth [at the suburban D.C., location].” Just priotr to its earnings announcement, Terremark said Palo Calif.-based would acquire aboutr 5 percent of its stock. Under the agreement, the virtualizatiob and cloud-computing specialist will purchase 4 million shares of newly issued Terremarik common stockat $5 a for a total investment of $20 million. For the firs t quarter of fiscalyear 2010, Terremarlk said it expects revenue from $63 milliom to $66 million.
For the full fisca l year, the company projectss revenuebetween $290 million and $300 million. Shares closed up 33 centsz to $4.80. The 52-week high was $7.67 on Sept. 8. The 52-weei low was $1.85 on March 9.
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