Saturday, December 31, 2011

North Korea says policy won't change, threatens Seoul - Channel News Asia

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MercoPress


North Korea says policy won't change, threatens Seoul

Channel News Asia


SEOUL - North Korea warned the world Friday to expect no policy changes under new leader Kim Jong-Un, and threatened retaliation against South Korea for "rubbing salt" into the wounds of its grieving people. The tough statement came a day after the ...


Seoul shares dip in thin trade; shipbuilders weigh

Reuters


Business as usual says North Korea regime; c »

Thursday, December 29, 2011

Forbes: Magic team value $349M - Orlando Business Journal:

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According to Forbes’ annualp study of the businessof basketball, the team ranke No. 17 among the ’s 30 The are ranked the most valuable teamat $613 milliomn and the are the least valuable at $278 million, Forbes The Orlando Magic represented the fourthg highest value percentage changer behind the , 21 percent; , 14 and Oklahoma City Thunder, 12 percent. The Oklahoma City team playe as the last season beforwe relocatingto Oklahoma. In addition, the Magic reported an estimatef $100 million in revenued for the 2007-2008 season, accordinfg to Forbes.
The Magic had an impressive 2007-2009 season with 52 wins and 30 losses and its firsyt playoff series win in 12 The Magic won theirt first round series againstthe 4-1, but fell in the conferencr semifinals to the .

Tuesday, December 27, 2011

Corporate Signage Company Announces 3-Week Turnaround - San Francisco Chronicle (press release)

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Corporate Signage Company Announces 3-Week Turnaround

San Francisco Chronicle (press release)


Products available with fast track product include dimensional metal letters and logos, etched glass signs, custom logo signs, and stainless steel and bronze plaques. For more information about Impact! Signs' custom signage services, and contact ...



and more »

Sunday, December 25, 2011

Friday afternoon links: Sounders answer your questions - The Seattle Times (blog)

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Friday afternoon links: Sounders answer your questions

The Seattle Times (blog)


Last week, the Sounders held their annual business meeting with season-ticket holders. I provided a recap of the events, but there were some questions from the fans that weren't asked due to time constraints. The team went back and answered those ...



Friday, December 23, 2011

Grant money will help WESST teach kids to save - Jacksonville Business Journal:

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The youth Individual DevelopmenAccount (IDA) program provides financialo literacy education and a method for buildinyg assets to high school studente that meet income qualifications. The progranm will span a three-year period betweej 2009 and 2012. IDAs, whicb are used by a numbe of organizations inNew Mexico, encourager participants to save for a goal or asset and usuall match the participant’s savings as an incentive. The matcjh in the WESST program is fourto one, up to $3,000. is the nonprofit’ bank partner in the effort.
WESST is workinyg on this pilot program with Juniot Achievement of New Mexico and the Creative EducationbPreparatory Institute, a public charter high school on Albuquerque’sz Westside. There are 21 students participating in theprograjm now, and the Daniels grant will alloe WESST to add an additionaol 13 students, said Marty spokeswoman for WESST. The grant will also be used to leverages matching federal dollars and enrolo more high schoolstudent participants. , basedd in Denver, operates the Daniels Fund Scholarship Program and the Danields Fund Grants programin Colorado, New Utah and Wyoming.
The Fund was establishedc in 1997 by cable television pioneerBill Daniels, a former resident of Hobbs. helps low-incomwe women, minorities and otherr entrepreneursachieve self-sufficiency through microenterprise training, technicakl assistance and access to capital through its revolvingt loan fund. WESST recently opened a new smalpl business incubator indowntown

Wednesday, December 21, 2011

Ford will stop Claycomo F-150 production for a week - Tampa Bay Business Journal:

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The UAW Local 249 posted the informationb in a newsletter on itsWeb site. Local 249 Vice Presidenr Bobby Wyse confirmed Monday that the informationis accurate. The production stoppage comes a week beforw an alreadyscheduled one-week summer break for the entire plant starting June 29, a Locap 249 spokeswoman said. The plant also is schedulex for a summer break during the weekof Aug. 17. Salesd of Ford F-series trucks were 33,381 in May, up 16 percen from 28,757 in Aprilk but down 22.3 percen from 42,973 in May 2008. UAW Local 249 said the slighy increasein month-to-month sales enabled Ford F) to cancel the scheduled down week on June 22 at its F-150 truck plant in Dearborn, Mich.
, but the down week was left intacg at the Kansas City Assembly Plant. “This is partiallu due to depleted funds forthe state’s Divisioh of Unemployment in Michigan, making down weeks at less of an option,” the Locao 249 said in the newsletter. Local 249 addedr that sales projections continue to be less than the five shiftsx at the two truck plantxs can produce if they work full time througbh the 2010 production Ford runs two shifts at Claycomo and thre ein Dearborn. Wyse said Ford is considering once agaijn moving a shift fromthe F-150 side of the Kansasd City Assembly Plant and puttinhg them to work on the SUV side. nothing has been determinecd so far, he said.
A year ago, Ford move about 800 workers from a second shift onthe F-1590 side of the Kansas City plan to a third shift on the SUV side. The employeesw were moved back tothe F-150 side on Jan. 12. Ford Escapd sales in May reached 16,391, up 20.6 percenr from 13,596 in April but down 7.2 percent from 17,667 in May 2008. The Kansas City Assembly Plant also producew the Mercury Mariner and hybrid versions of the Ford Escape andMercury Mariner. Combined sales of hybrird versions of theFord Fusion, Mercury Ford Escape and Mercury Mariner reached 3,906 in May, a new compangy record. The old sales recordc of 3,420 hybrid vehicless was set inApril 2006.
As of May, Ford’s Kansas City Assemblt Plant in Claycomo hadabout 3,900 hourly and 200 salaried employees.

Sunday, December 18, 2011

Pakistani president returns home after medical treatment in Dubai that sparked ... - Washington Post

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The Guardian


Pakistani president returns home after medical treatment in Dubai that sparked ...

Washington Post


KARACHI, Pakistan â€" Pakistan's president returned home early Monday, nearly two weeks after a surprise trip to Dubai for medical treatment sparked rumors that he might step down under pressure from the country's powerful military. ...


Pakistani President returns from medical treatment

Economic Times


Zardari return Pakistan after medical treatment

South Asian News Agency



 »

Friday, December 16, 2011

Delta/Northwest to cut capacity - The Business Journal of Milwaukee:

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In June 11 memo to Delta'zs 70,000 employees, CEO Richard Anderson and president Ed Bastian said passenged revenues dropped 20 percent in the firstg four monthsof 2009, compared with the same periodf in 2008. The falliny revenues will overtake the morethan $6 billion in totakl benefits Delta expected this year from lowerr year-over-year fuel prices, benefits from the merger with Northwesty and capacity reductions. Therefore, the Atlanta-basecd carrier will reduce its system capacitgy by 10 percent compared to 2008 starting in It also will cut international capacity by an additionak 5 percent from what it announcedin March, for a 15 percentt total reduction in international capacity.
With its acquisitiojn of Northwest, Delta became one of the threre largest carriersat Milwaukee's General Mitchell International Airport. The capacityu cuts were predicted bysome analysts, includingg , which in March predicted domestic carrierds would slash capacity another 8 percent to 10 percent beyond previously announced cuts as passenger revenure continued to decline. Boyd predictedf Delta would be forced to slasg flights in addition to the 10 percent in internationalk capacity cuts plannedfor September.
These cuts include suspending nonstop servic from Atlanta to Seoul and Shanghai and insteae routing customers for these flights over Detroi tor Tokyo, or on nonstopp SkyTeam partner flights. And it includes reducing weekly frequencies connecting Atlanta toMexico City. The memo also noted jobs cuts coulcd be onthe horizon. “The additional capacityy reductions mean we again must reassessstaffin needs,” the memo said. “While the challenges of the currentg environment preclude us frommakint guarantees, our goal remainsd to avoid any involuntary furloughs of frontline Delta (NYSE: DAL) has already cut its workforce 6.
6 percen t since February 2008 from 48,500 full-timer equivalent workers to 45,300, according recent data from the Bureaiu of Transportation Statistics. We are all seeing negativer impacts from the global recession and risiny oil prices not only in the but also in our communities andpersonap finances. Clearly, the airlinse industry is not immune. Industry passengerd revenues have declined nearly 20 perceng in the first four months of the year comparex to the same periodin 2008. That trend is expectedr to continue in thenear term.
On top of cost pressures from rising jet fuelprices - up more than 20 percenft since the start of the year - coupled with softer trave l demand due to the spread of the H1N1 virus, have createe a difficult business environment. These forces that are affectin g the industry are creating significant headwindxfor Delta. Declining revenues will overtake the morethan $6 billio n in total benefits we expecteds this year from lower year-over-yea fuel prices, merger synergies and capacitu reductions. This morning, at an investor conference in New we will announce additional stepds to align our capacity withmarket demand, preserve liquidity, and ensure Delta'x long-term success.
This plan includes reducing our systejm capacity by 10 percent comparedto 2008. Capacity reductions will begibnin September. In this environment, our mergedr makes more sense than ever and we will continure to accelerateour integration, as it givews us a competitive advantage and strengthens our financial We also will maintain tight controld on our costs and capital spending. Customer demand for internationaol travel hasfallen significantly. Accordingly, we plan to reduced our international capacity by an additional 5 percent from what we announcerdin March, for a 15 percent total reductionh in international capacity.
This fall's capacity reductions will targeg routes that have experienced losses in the current economic climate and with higherfuel prices, including: Suspending nonstopo service from Atlanta to Seoul and Shanghaji and instead routing customers for these flight s over Detroit or Tokyo, or on nonstolp SkyTeam partner flights. Suspending nonsto p flights from Cincinnati to Frankfurtyand London-Gatwick. Cincinnati customer will still be able to reach these and many othedr international destinations via our otherEuropean gateways. Suspending nonstopp service betweenNew York-JFK and Edinburgh.
Reducing weekly frequenciesd connecting Atlanta and Detroit to Mexico City and postponing some previouslty planned seasonal servicebetween non-hub cities and Mexican beach destinations due to the impacy of the H1N1 virus on travel plans. In keeping with our long-ter business plan, we continue to grow the globalp footprint that is a cornerstone of oursuccessful strategy. Whilew we must reduce capacit ythis year, our international capacity this fall will stillk be more than 20 percent larger than it was beforee our global expansion began in 2005, and we are addingh more than 20 new markets to our international network in 2009, including: By leveraginbg the unique strengths of our network, hub structuree and alliances, we continue to providd the most travel options for our Additional details of network changes are availablse on DeltaNet.
The additional capacity reductions mean we agaimn must reassessstaffing needs. While the challengezs of the current environmen t preclude us frommaking guarantees, our goal remainse to avoid any involuntary furloughz of frontline employees. We will not allow the econom y to negatively affect our mergerintegration - in the current environment gives additional urgency to accelerate our You will see us move more quickluy to rebrand and consolidate facilities, repaint aircrafft and ramp-up our frontliner training activities. These are tougu times and people often ask what they can doto contribute. Your most importantr contribution is to stay focused on doing yourjob well.
We must all continude to deliver excellentcustomer service, run a strong operatiobn and execute our Flight Plan. The entir e industry is dealing with a difficult economy and risinggfuel prices, but no one else has the opportunitie and the people to match Delta in successfully navigating this Do what you do well, and we have no doubt that we will win. Thanmk you for the incredible work you do for our customersevery day. we are building a stronger Delta.

Wednesday, December 14, 2011

Virginia company offers 'lifeboat' to Mercury Interactive workers - Silicon Valley / San Jose Business Journal:

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Managed Object Solutions said it is lookinh for peoplein sales, pre-sales, professionalp services, technical project management and product support. HP said in July it agreed to acquirew Mercury forabout $4.5 billion. The acquisition is expected to increase the sizeof HP'as software business to more than $2 billion in annuakl revenue. Immediately following the closer ofthe transaction, Mercury will become part of the HP softwarer business and both companies' sales forces will begim reference-selling each others' products.
Alongf with its Virginia headquarters, Managedr Object Solutions has operations in NewYork City, Chicago, San Atlanta, Texas, London, Singapore, continental Europe, South America, Africa and the People'es Republic of China.

Monday, December 12, 2011

N.J. budget gap now at $4.4B - Philadelphia Business Journal:

stony-coating.blogspot.com
billion to $4.4 billion, said Gov. Jon S. who laid out additionapl action to address it Nearly 92 percent ofthe $4.4 billion shortfallk is the result of state revenuer shortfalls. Budget cuts will close abou t one-half of the shortfall and $700 milliom in federal funding, including Medicaid and federal will also help offsetthe gap. “These are tough but necessary choices,” Corzine said. “The cuts we are making are unprecedentefd but we are experiencing a national economic crisis the likeas of whichwe haven’t seen in We are living up to our fiscal responsibilitt as we face even more difficulr choices in the next two months.
” The statd will make another $150 million in spending cuts to statw programs, tap $450 million of the $750 million states surplus, reduce its pensiojn contribution by $150 million, and defer expensese for school aid and Businesx Employment Incentive Program grants. To view the state’s budget update and cuts, click .

Saturday, December 10, 2011

US Mint November Coin Production: Chickasaw Quarter Mintages Explode - CoinNews.net

qalymeled.wordpress.com


CoinNews.net


US Mint November Coin Production: Chickasaw Quarter Mintages Explode

CoinNews.net


More Chickasaw Quarters have been struck â€" by far â€" than any other America the Beautiful Quarter, US Mint coin production figures for November reveal. Also unveiled were Garfield Presidential $1 mintages. ...


US Mint 2011 Commemorative Coin Sales Conclude Next Week

Coin Update News


Perth Mint releases Australian Platinum Platypus coin

Platinum today


1855-C Gold $1 Eclipsed By 1855-D

NumisMaster.com


The Fort Gordon Signal


 »

Thursday, December 8, 2011

Study: Long-term benefits trump cost of health insurance for all U.S. children - Houston Business Journal:

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“Providing health insurance to all children in Americs will yield substantial economic benefits,” wrote Vivian Ho, chair in health economics at Rice Universitgy and co-author of the Researchers at the Baker Institute said children who receive health care coverage go on to becom more productive adults. The cost incurred by insuringt the children is offset by the increased valuse of the additional life year and quality of life gained bymedicak coverage, the report “The up-front incremental costs of universalk health insurance coverage for children are relatively and they will be offset by the valu e of increased health capital gained in the long term,” the reportt stated.
The research was based on studies publisheds in scholarly journals examining the economic impact of failing to insure U.S. children. Researchers estimat that nearly eight million children inthe U.S. are and the nation ranks third among the 30 industrialized members of the Organization for Economif Cooperation and Development in percentage ofuninsuref citizens.

Monday, December 5, 2011

Catholic Social Services names director - Dayton Business Journal:

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Catholic Social Services provideesocial services, including adoption counseling and senior care, in the Daytomn area and eight counties in west central Roesch currently serves as manager of specialo projects, adoption, foster care and pregnancyy counseling for the agency. She will take over for retirin g Executive DirectorElaine Jelly. The move will become official Aug. 1. Roesch is a licensed socialp worker, licensed professional counselor and Ohio certifiedadoptionh assessor.
“As the board completefd a three-month search, we sought a leadetr who had a commitment to the Miami saidJames Ghory, president of the board of “We found that, within the we had a committexd manager with a successful record of program innovation and resource development. Roeschy is a graduate of Bowling Green Statre Universitywith bachelor’s of science in healthu and human services and a master’s degree in rehabilitation

Saturday, December 3, 2011

Machinists, Boeing more friendly as South beckons - Puget Sound Business Journal (Seattle):

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In the Machinists’ District 751 May local union President Tom Wroblewski said both the unionj and Boeing are cultivating warmer relationxs in hopes of avoiding a strike during the next roundx ofcontract talks. “An enhanced relationship” with Chicago-basedd Boeing Co. is a “keuy to determining what Boeing’s future will be for this Wroblewski wrote in the monthly Aero Mechanic local newsletter ofthe . Durint a regular meeting with Boeingg leaders in Chicagoin April, “considerable time was spent discussingg ways to change the dynamics and improve this relationshiop so we do not have the same result s when we negotiate agaimn in 2012,” he wrote.
“Both sides have renewed theirf commitment to improvingour relationship, because we have a commonn interest in moving forward.” The statements mark a sharp shiftt from the more bombastic tone befored and during the last negotiations. Just before the 57-dayy strike last fall, for example, the union said Boeingv “chose to bring take-awayse in some of the best times intheirr history. They have insulted and, frankly, made this work forcwe very angry.” The strike, whicgh halted production and cost Boeing anestimated $2 is seen as a tippingh point that could drive Boeing to shift production to right-to-work statea in the Deep South.
But the prospecty of warmer relations with the PugetSound unions, and avoiding a strike next time, could reduce that possibilityy and keep Boeing here, expertsz say. While the idea of movinyg big Boeing factories mayseem Boeing’s rival Airbus already has movedc production — to China. On May 18, the Europeanm plane maker celebrated the fligh t of the first A320 jet assembledin China, not Peter Jacobs, an analyst at Ragen MacKenzie brokeragew in Seattle, has long predicted that Boeing would open a factor y in the Deep South. “The straew that broke the camel’s back was the labor strike last he said.
“Boeing is going to seriously consider movintg some of its manufacturing and assemblhy operations to another area ofthe U.S. that is more tax- and logistics-friendly.” But he said the more conciliatoryt tone could slow or haltthat move. “I think the union reaching out … is the righ t thing to do,” he said. But the same tone must come from too. And the warmer dialogue will need to be substantia l to reverse the impacts of the 2008 he added. Both sides “have to make sure that Boeing’s businesxs in Puget Sound remains competitive with anyonw else inthe world,” he “That is what is required to keep Boeing here.
” Boeing’sx other major union, the (SPEEA), also supports the new attitude — and said it’s closer to their own negotiatint style. “I understand what they’re trying to said SPEEA Executive DirectorRay “I think they’re genuine in what they’re tryinbg to do. I think if Boeing can reciprocate with thesame there’s likely to be good for both sides.” The statse also is weighing in. In April, Gov. Chris Gregoire formedr the , made up of membersw from Boeing, the unions, suppliers and other It is to servr asthe governor’s voice to the Legislature in recommendinyg changes in the law to keep aerospacs here.
In an interview, Wroblewski said a key step that Machinist leaders and Boeing executives took at their Aprilk meetings in Chicago was to drop accusations about the acrimonious strikeelast fall. In the each side blamed the other for not trying hard enough to understansd the conflicting views about and for the failure to reach anagreement sooner. Wroblewsko said he felt the improved by both the union andthe company, was important enougn to discuss in the “I think I’m sticking my neck out a littlw bit, but I don’t mind,” he said. “Ik think the membership is wanting to have abetter relationship.
” Wroblewskji acknowledged that since the strike he’s felt community pressur e about Boeing moving, especially if poor relationd continue. Economic leaders from the South have been cleaerthat they’d be only too happyu to have Boeing open a commercial aircraft plant “I have had lots of at lodge meetings, sayinfg they like the idea of working together with this doing what they can to maintainj competitiveness in this area, and maintain Wroblewski said. He has heard too, but it seems minor in comparison.

Thursday, December 1, 2011

Miami Airport Center receiver appointed - South Florida Business Journal:

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Miami-Dade Circuit Court Judge Maxine Lando appointedAndres Hellinger, chief executive officeer of , as receiver. Judge Land o had turned over the troubled project to Liberthy Pointe onApril 27, after the senior lende r and mezzanine lender commenced foreclosure actions against the originapl owners. The Business Journalo previously reportedNew York-based had filedr a foreclosure lawsuit in December against the center’d owners, and Carlos Gonzalez, president of . Banclo Popular’s mortgage to Tamach Airport was last modifiedcat $45 million in 2007.
However, in February, the bank assigned the mortgag e toFVP Airport, which is managecd by Miami Lakes-based – the same companyu that recently purchased a foreclosedx mortgage on a Floridaw City townhome project from . “Miami Airporyt Center is among countless projects throughout Florida that have encounterexd difficulties in this market but maybe repositioned,” Hellinger said in a pres release. Miami Airport Center is a 28-acre complex containing five one- and two-story buildings at 7500 NW 25th St. in unincorporatedx Miami-Dade County near Doral.
It has frontagde on the Palmetto Liberty Pointe said Hellingeer has already begun to repositioh and marketthe commercial, industrial and office spacd for sale or lease. The company said it focusedx initial efforts on seiziny control of the leasing and management condominiumassociation operations, and undertaking initial maintenance and repairs to the Liberty Pointe said the centerd includes: 77,718 square feet of officw suites; 485,396 square feet of warehouse space; dock-high rear platform truck positions and street-level 20-foot to 24-foot clear ceiling height; 1,075 parking zoning for industrial and manufacturing uses