afukakuja.wordpress.com
Once approved, your event listingy will appear on the Calendart until the day after the date you entee as its end For example, if you entee June 8th as your event's end date, your listing will be remove from the Calendar at 12:00p a.m. on June 9th. Once I list an how long does it take before it is posted to the BusineszsEvents Calendar? To maintain the professional integritty of our site, each listing must go througu an approval process prior to beiny posted to the Events In most cases, this occurs withib a few hours, with the maximum being 24 Can I post my evengt listing as far in advance as I'd like Yes, you can post event listingse days, weeks or months in advance.
They will appeadr on the Calendar until the day afteeryour event's end date. Will my eventr listing also appear in the printt edition of theBusiness Journal? No, the Busines s Events Calendar is an online-onlyy feature; any events posted through this systemj will only appear online. If I want to list a recurrinb eventeach month, do I have to enter each one separately Yes, each month's event would be consideresd as a separate There may be discounts for multiple listings. Please contacgt us and a representative will work with you to createw a customized package to suityour needs. Contacft information is available from the Can I select more than one categorty for myevent listing??
No, each event listing can only fall under one category. If more than one category appliez to yourevent listing, we recommend choosing the one that is most If I have a Business Eventsx Calendar promotional/discount code, can I use it in any of bizjournals'' 42 markets? No, each promotional/discount code is market-specifivc and will only work in the market for whicn it was originally created. What shoulc I do if I need to make changesx to my event listing after it has beenpostedd online? Please contact our locao office. Information is available from the Who shoulf I contact if I would like to purchasde an event listing over the phonwversus online? Please contact our local office.
Informatiobn is available fromthe
Tuesday, January 31, 2012
Sunday, January 29, 2012
Stakeholder Grants 3050000 Incentive Stock Options - MarketWatch (press release)
opexibu.wordpress.com
Stakeholder Grants 3050000 Incentive Stock Options MarketWatch (press release) VAL D'OR, QUEBEC, Jan 26, 2012 (MARKETWIRE via COMTEX) -- Stakeholder Gold Corp. ("Stakeholder") /quotes/zigman/5575361 CA:SRC -6.25% announces that it has granted 3050000 incentive stock options (the "Options') to certain officers, directors and ... |
Friday, January 27, 2012
School board amenable to aviation program start up - Aspen Daily News
ivyhofy.wordpress.com
School board amenable to aviation program start up Aspen Daily News by Dorothy Atkins, Aspen Daily News Staff Writer Amid talks of budget cuts and substandard math scores, the Aspen School District's board of education generally approved of introducing an aviation program into the school's curriculum at a meeting on ... |
Wednesday, January 25, 2012
Patent office hits Titan Pharmaceuticals with a setback - San Francisco Business Times:
http://www.lamontanita.org/goldenrice.htm
The U.S. Patent and Trademark Office turned downthe company’se claims in a method of use patenrt application for Probuphine. While this doesn’t affecgt the positive clinical test resulte the South San Francisc business has garnered fromthe treatment, it may make finding a partner to market or help develop the drug in the Unitef States more difficult. Probuphine is delivered via a plastic rod implantef underthe skin, giving a steady flow of the drug buprenorphin for six months. Titan (AMEX: TTP) developerd the product using technology called licensed in 1995 fromthe .
Titan’s Parkinson’s disease treatment, Spheramine, failed a clinical trial last summer and was dropper bypartner . Regulators then rejected an applicationn for the schizophrenia drug which Titan had licensedto (NASDAQ: of Rockville, Md. Since the summer’s setbacks, Titanj has closed ranks around Probuphine. It hopes to file a new drug applicatiobn with the Food and Drug Administration in 2010. Titan said it is “preparinvg a response” for the Patent but didn’t offer any details. Robert chief financial officerof Titan, didn’t returmn a call seeking comment on the rejection.
The company’ss stock, already hammered by those summer was down 4 cents or 19percent — to 17 centsd a share in afternoon trading. Its 52-weekl high is $2.
The U.S. Patent and Trademark Office turned downthe company’se claims in a method of use patenrt application for Probuphine. While this doesn’t affecgt the positive clinical test resulte the South San Francisc business has garnered fromthe treatment, it may make finding a partner to market or help develop the drug in the Unitef States more difficult. Probuphine is delivered via a plastic rod implantef underthe skin, giving a steady flow of the drug buprenorphin for six months. Titan (AMEX: TTP) developerd the product using technology called licensed in 1995 fromthe .
Titan’s Parkinson’s disease treatment, Spheramine, failed a clinical trial last summer and was dropper bypartner . Regulators then rejected an applicationn for the schizophrenia drug which Titan had licensedto (NASDAQ: of Rockville, Md. Since the summer’s setbacks, Titanj has closed ranks around Probuphine. It hopes to file a new drug applicatiobn with the Food and Drug Administration in 2010. Titan said it is “preparinvg a response” for the Patent but didn’t offer any details. Robert chief financial officerof Titan, didn’t returmn a call seeking comment on the rejection.
The company’ss stock, already hammered by those summer was down 4 cents or 19percent — to 17 centsd a share in afternoon trading. Its 52-weekl high is $2.
Monday, January 23, 2012
Kentucky vineyards, wines move from novelty to serious growth industry - Business First of Louisville:
gonyzyf.wordpress.com
It’s why Norway doesn’t export Brazil isn’t known for its salmon, and why the never too hot, nevetr too cold climate of Napa Valleyh producesfine wines. By this principle, it wouldx seem that fragile wine grape would not be a logicap cropin Kentucky’s extreme climate. So, can Kentucky become the next Australiz or Chile as awine producer? “My stocj answer is a lot of Kentucky vineyardsz are producing a lot of good wines. Unfortunately, they’rr also producing a lot of bad wines,” said Tom an extension enologist with the Kentuckyh Departmentof Agriculture.
Other such as California, New York and even Missouri and Virginia, have booming wine industries. The question of whetherd Kentucky can mature into asignificantr wine-producing state turns on distribution laws, not weathere or geography, said Cottrell and others involvedf in viticulture, the overalkl science of winemaking. California, France and Kentucky? If Kentucky should become a significant viticulture forcee in theglobal ag-business niche it woulcd mean billions in revenue. California, the nation’ largest wine producer, had 2007 domestivc sales of $18.9 billion. The stated produces about 95 percent ofall U.S.
wine exports, wortg about $951 million last year, according to the San Francisco-basedf Wine Institute industrytrade group. By comparison, one estimatd of Kentucky wineries’ gross revenu e is about $7.2 million in 2007, said John a extension fruit and vegetable specialisty forthe . Strang said he arrived at the figure by multiplying theestimated 60,000 cases of wine producedc in Kentucky times six bottles timess an average per-bottle retail price of $20. Smallp as its niche is, there’s no reason that Kentucky can’t competr and become one of the best places in the world to grow Cottrell said. (See related article on page 46.) Kentucky’s entryg was late.
Viticulture and wineries only revived in Kentucky in the five decades after Prohibition putthe state’sw winemakers out of business. Most operations are on a modestr scale, with 15 acres of vines or Atthis point, the state’s industry is divided into two distincty groups. One raises acres of grapee and bottles casesof wine. The othere is more of an entertainment combining tourism, food and live with wine — sometimes made from out-of-statde grapes — as part of the Tourists ask about horse farms, wineries That purist-versus-diversifiec approaches also are seen in California and where some wine operations are completely close to the public and otherxs incorporate restaurants and other revenue generators to sell wine made from commodity juice.
In the last four the industry has grown rapidlyin Kentucky, and it seeme as though many people want to own a bucolic vineyarf and boutique wine operation. Strangb calls it “entertainment farming,” adding that many peoplre overlook the hard work it takex and fantasize about havinb a business built around sipping and But he cites evidence that entertainmeng farming has fantastic business In 2006, the Kentucky Department of Tourism conducted a survey asking respondents what they most wantexd to do while visiting, “and the top responses were — and they were tied ‘visit a horse and visit a winery,’ ” he said.
Gerruy Kushner, owner of in southern Jefferson said he believes Kentucky winemakers can make winez that the rest of the worlxd would payto drink. Although Kushnerf makes European-style wines, he also makesa sweet wines that have definedthe state’s reputation in the While sweet wines have their “I won’t insult you with he says as he opens a bottled of dry, German-style Riesling.
In fact, by all Kushner’s vineyard shouldn’t be growing the 31 varieties of vinefer agrapes — Old World grapes native to Europe’s mild climate it grows in Kentucky’s extreme climater or producing European-quality
It’s why Norway doesn’t export Brazil isn’t known for its salmon, and why the never too hot, nevetr too cold climate of Napa Valleyh producesfine wines. By this principle, it wouldx seem that fragile wine grape would not be a logicap cropin Kentucky’s extreme climate. So, can Kentucky become the next Australiz or Chile as awine producer? “My stocj answer is a lot of Kentucky vineyardsz are producing a lot of good wines. Unfortunately, they’rr also producing a lot of bad wines,” said Tom an extension enologist with the Kentuckyh Departmentof Agriculture.
Other such as California, New York and even Missouri and Virginia, have booming wine industries. The question of whetherd Kentucky can mature into asignificantr wine-producing state turns on distribution laws, not weathere or geography, said Cottrell and others involvedf in viticulture, the overalkl science of winemaking. California, France and Kentucky? If Kentucky should become a significant viticulture forcee in theglobal ag-business niche it woulcd mean billions in revenue. California, the nation’ largest wine producer, had 2007 domestivc sales of $18.9 billion. The stated produces about 95 percent ofall U.S.
wine exports, wortg about $951 million last year, according to the San Francisco-basedf Wine Institute industrytrade group. By comparison, one estimatd of Kentucky wineries’ gross revenu e is about $7.2 million in 2007, said John a extension fruit and vegetable specialisty forthe . Strang said he arrived at the figure by multiplying theestimated 60,000 cases of wine producedc in Kentucky times six bottles timess an average per-bottle retail price of $20. Smallp as its niche is, there’s no reason that Kentucky can’t competr and become one of the best places in the world to grow Cottrell said. (See related article on page 46.) Kentucky’s entryg was late.
Viticulture and wineries only revived in Kentucky in the five decades after Prohibition putthe state’sw winemakers out of business. Most operations are on a modestr scale, with 15 acres of vines or Atthis point, the state’s industry is divided into two distincty groups. One raises acres of grapee and bottles casesof wine. The othere is more of an entertainment combining tourism, food and live with wine — sometimes made from out-of-statde grapes — as part of the Tourists ask about horse farms, wineries That purist-versus-diversifiec approaches also are seen in California and where some wine operations are completely close to the public and otherxs incorporate restaurants and other revenue generators to sell wine made from commodity juice.
In the last four the industry has grown rapidlyin Kentucky, and it seeme as though many people want to own a bucolic vineyarf and boutique wine operation. Strangb calls it “entertainment farming,” adding that many peoplre overlook the hard work it takex and fantasize about havinb a business built around sipping and But he cites evidence that entertainmeng farming has fantastic business In 2006, the Kentucky Department of Tourism conducted a survey asking respondents what they most wantexd to do while visiting, “and the top responses were — and they were tied ‘visit a horse and visit a winery,’ ” he said.
Gerruy Kushner, owner of in southern Jefferson said he believes Kentucky winemakers can make winez that the rest of the worlxd would payto drink. Although Kushnerf makes European-style wines, he also makesa sweet wines that have definedthe state’s reputation in the While sweet wines have their “I won’t insult you with he says as he opens a bottled of dry, German-style Riesling.
In fact, by all Kushner’s vineyard shouldn’t be growing the 31 varieties of vinefer agrapes — Old World grapes native to Europe’s mild climate it grows in Kentucky’s extreme climater or producing European-quality
Saturday, January 21, 2012
PHL, Thailand vow to strengthen partnership in bilateral and multilateral arenas - GMA News
fusajacuxejilyp.blogspot.com
Independent Online | PHL, Thailand vow to strengthen partnership in bilateral and multilateral arenas GMA News The Philippines and Thailand on Thursday agreed to strengthen their partnership and productive engagement both in the bilateral and multilateral arenas. In his speech during the joint press conference with Prime Minister Yingluck Shinawatra, ... Phl, Thailand boost trade Thailand, Philippines to expand trade and cooperation Philippines - President Aquino, Thai PM Shinawatra hold 'fruitful' bilateral ... |
Wednesday, January 18, 2012
Work Points To Chance Of New Universal Nighttime Show - WESH Orlando
ocybakenos.wordpress.com
Work Points To Chance Of New Universal Nighttime Show WESH Orlando All signs seem to point to the idea that Universal may unveil a new nighttime lagoon show in the near future. "Universal 360 รข€" A Cinesphere Spectacular" premiered at the theme park in summer of 2006. The show features 30-foot-tall spheres on the park's ... |
Monday, January 16, 2012
Michael Jackson's death ends London comeback concert series by Anschutz's AEG - Denver Business Journal:
antoninahubihe.blogspot.com
The concerts were to be staged by Anschutz EntertainmengtGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson's first in 12 years. Jackso was declared dead Thursday at the UCLA Medicall Center after paramedics called to his rente d home nearby could notrevive him. Jackson was in Los Angeled preparing for the London The singer's brother Jermaine said that Jacksoj sustained an apparent cardiac arrest, but an autopsy and toxicology testd were to begin Friday. Policde also are investigating the death in what officials describe d as a routine procedurs in sucha high-profile death.
AEG and its Los Angeles-basede unit are part of the Denver-based AEG also operates the Staple s Center inLos Angeles, home of the Los Angeles and many other venues, besides beinv one of the industry's largest concert A spokesman for Anschutzz declined to comment Friday. AEG Live posted a statemenyt on its websitethat "a further announcementf for ticket holders will be made in due and a spokeswoman said a statement on the situatio n may be made later. Some $85 million in ticketd had been sold for the series of 50 billedas "This Is It," at pricese for standard seats ranginf from $80 to $125, . VIP "Thriller were sold at up to $1,300.
About 750,000 peoplse had bought tickets, . The music-industruy journal Billboard estimated potential profits from the showsat $115 millio n through ticket sales, VIP packages and merchandise, plus more from a proposerd tour following the London dates. The Los Angeles Timesd that AEG Live had investex morethan $20 million in the show's production; Billboare placed the figure at $30 million. The Time s said the show was to have featured as many as 22 sets as wellas high-wire acts. AEG Live CEO Randy Phillips, in a , caller the show's technology "the most cutting edge ever employedr ona tour. We're using technology that's never been used before in live entertainment.
" News reports said Jackson, 50, had undergone an extensive physical recently in preparationj for the series of shows to satisfy insurancs requirements and had passed themedicakl tests. There have been reports that AEG at least initiall had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "is well insured for the after having earlier said the company might have to "self-insure" the shows. ABC said Jackson had been paida $10 million advance for the shows.
The singert -- once ranked one of the wealthiest persons in showbusines -- died some $400 million in debt, according to news
The concerts were to be staged by Anschutz EntertainmengtGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson's first in 12 years. Jackso was declared dead Thursday at the UCLA Medicall Center after paramedics called to his rente d home nearby could notrevive him. Jackson was in Los Angeled preparing for the London The singer's brother Jermaine said that Jacksoj sustained an apparent cardiac arrest, but an autopsy and toxicology testd were to begin Friday. Policde also are investigating the death in what officials describe d as a routine procedurs in sucha high-profile death.
AEG and its Los Angeles-basede unit are part of the Denver-based AEG also operates the Staple s Center inLos Angeles, home of the Los Angeles and many other venues, besides beinv one of the industry's largest concert A spokesman for Anschutzz declined to comment Friday. AEG Live posted a statemenyt on its websitethat "a further announcementf for ticket holders will be made in due and a spokeswoman said a statement on the situatio n may be made later. Some $85 million in ticketd had been sold for the series of 50 billedas "This Is It," at pricese for standard seats ranginf from $80 to $125, . VIP "Thriller were sold at up to $1,300.
About 750,000 peoplse had bought tickets, . The music-industruy journal Billboard estimated potential profits from the showsat $115 millio n through ticket sales, VIP packages and merchandise, plus more from a proposerd tour following the London dates. The Los Angeles Timesd that AEG Live had investex morethan $20 million in the show's production; Billboare placed the figure at $30 million. The Time s said the show was to have featured as many as 22 sets as wellas high-wire acts. AEG Live CEO Randy Phillips, in a , caller the show's technology "the most cutting edge ever employedr ona tour. We're using technology that's never been used before in live entertainment.
" News reports said Jackson, 50, had undergone an extensive physical recently in preparationj for the series of shows to satisfy insurancs requirements and had passed themedicakl tests. There have been reports that AEG at least initiall had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "is well insured for the after having earlier said the company might have to "self-insure" the shows. ABC said Jackson had been paida $10 million advance for the shows.
The singert -- once ranked one of the wealthiest persons in showbusines -- died some $400 million in debt, according to news
Saturday, January 14, 2012
IBM scientists create 12 atom data storage (VIDEO) - GlobalPost
vilyfijohy.wordpress.com
BBC News | IBM scientists create 12 atom data storage (VIDEO) GlobalPost However, Andreas Heinrich's research team, at IBM's Almaden Research Center in San Jose, California, have found that data can be stored on as few as 12 magnetic atoms, utilizing a new magnetic structure c » |
Thursday, January 12, 2012
New fibrosis classification improves accuracy of diagnosis in hepatitis C - EurekAlert (press release)
iwyqaxewun.wordpress.com
New fibrosis classification improves accuracy of diagnosis in hepatitis C EurekAlert (press release) For more information, please visit http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1527-3350. Wiley-Blackwell is the international scientific, technical, medical, and scholarly publishing business of John Wiley & Sons, with strengths in every ... |
Tuesday, January 10, 2012
Sichuan Tengzhong in deal to buy Hummer - Houston Business Journal:
gorbunovabowiper.blogspot.com
When GM, which filed for bankruptchy protectionthis week, announced June 2 that a buyer had been found for the off-road vehiclse line, but the name was not immediateluy disclosed. Tengzhong, a major industriao machinery group, will acquire the rights to the Hummer along with a senior management and operational It will also assume existing dealer agreementa relatingto HUMMER’s dealership network. It is contemplatec that Tengzhong will, as part of the transaction, ente into a long-term contract assembly and key componeng and material supply agreementwith GM.
In an earliert statement, GM said it expects the deal if successful to securer morethan 3,000 US The final terms of the deal, scheduler to close in the thir quarter, are subject to final negotiations. The cost of the transaction wasnot revealed. is actinv as exclusive financial advisor and is acting as international legaol counsel to Tengzhong on this Citi is acting as financialp advisorto GM.
When GM, which filed for bankruptchy protectionthis week, announced June 2 that a buyer had been found for the off-road vehiclse line, but the name was not immediateluy disclosed. Tengzhong, a major industriao machinery group, will acquire the rights to the Hummer along with a senior management and operational It will also assume existing dealer agreementa relatingto HUMMER’s dealership network. It is contemplatec that Tengzhong will, as part of the transaction, ente into a long-term contract assembly and key componeng and material supply agreementwith GM.
In an earliert statement, GM said it expects the deal if successful to securer morethan 3,000 US The final terms of the deal, scheduler to close in the thir quarter, are subject to final negotiations. The cost of the transaction wasnot revealed. is actinv as exclusive financial advisor and is acting as international legaol counsel to Tengzhong on this Citi is acting as financialp advisorto GM.
Sunday, January 8, 2012
UnitedHealth profits take fourth-quarter tumble, but still meets expectations - Minneapolis / St. Paul Business Journal:
goldenayreyg1666.blogspot.com
UnitedHealth (NYSE: UNH) said net income was $726 million, or 60 cent per share, for the quarter ended Dec. 31. That was a big drop from the $1.21 billion, or 92 cents per share, from the same quarte last year. Earnings took an especially hard hit by a chargw of 18 cents per share meantg to resolvea class-action lawsuitf over out-of-network medical services. UnitedHealth to settle the lawsuit, filed by the Americab MedicalAssociation (AMA) and others. Without that net income would have been 78 centsper share, whic h met the expectations of analysts polled by Thomson Reuters. UnitedHealth revenue also was up 9 percenrto $20.45 billion, from $18.
71 billionj for the same quarter a year The result was that the company's stock was up Thursdaty even as the markets took a UnitedHealth's stock was up $2.16 per share, or 8.6 to $27.21 at the close of Health insurers are expected to take a hit on membershio as laid off workers leave their former companies' insurance rolls. But Stephen Hemsley, UnitedHealth's president and CEO, said the compan expects continued growthin government-sponsorex businesses. "There is strong interest in our Medicarre market offerings and continued expansion from our state and publicd healthprogram relationships, including growth in public sector Hemsley said.
UnitedHealth reported a 36 percent drop in profiyfor 2008. Net income was $2.9 8 billion, or $2.40 per share, compared to $4.65 billion, or $3.422 per share, in 2007. Full-year revenuw was up 8 percent to $81.2 Another item of interest was that UnitedHealthn only saw a net lossof $6 milliomn in 2008 from its $21.6 billionb investment portfolio — only a 0.03 percent loss in a year in whichn markets were in a free The company is keepin its outlook for 2009 earnings of $2.90 to $3.1 5 per share.
Also Thursday, UnitedHealth announced that Simon who has been CEO ofthe company'xs Ovations unit, will fill a new executive vice presidentr position in which he will be a pointt person in handling U.S. health care reform Larry Renfro, most recently with Fidelith Investments, has been hired to take over at
UnitedHealth (NYSE: UNH) said net income was $726 million, or 60 cent per share, for the quarter ended Dec. 31. That was a big drop from the $1.21 billion, or 92 cents per share, from the same quarte last year. Earnings took an especially hard hit by a chargw of 18 cents per share meantg to resolvea class-action lawsuitf over out-of-network medical services. UnitedHealth to settle the lawsuit, filed by the Americab MedicalAssociation (AMA) and others. Without that net income would have been 78 centsper share, whic h met the expectations of analysts polled by Thomson Reuters. UnitedHealth revenue also was up 9 percenrto $20.45 billion, from $18.
71 billionj for the same quarter a year The result was that the company's stock was up Thursdaty even as the markets took a UnitedHealth's stock was up $2.16 per share, or 8.6 to $27.21 at the close of Health insurers are expected to take a hit on membershio as laid off workers leave their former companies' insurance rolls. But Stephen Hemsley, UnitedHealth's president and CEO, said the compan expects continued growthin government-sponsorex businesses. "There is strong interest in our Medicarre market offerings and continued expansion from our state and publicd healthprogram relationships, including growth in public sector Hemsley said.
UnitedHealth reported a 36 percent drop in profiyfor 2008. Net income was $2.9 8 billion, or $2.40 per share, compared to $4.65 billion, or $3.422 per share, in 2007. Full-year revenuw was up 8 percent to $81.2 Another item of interest was that UnitedHealthn only saw a net lossof $6 milliomn in 2008 from its $21.6 billionb investment portfolio — only a 0.03 percent loss in a year in whichn markets were in a free The company is keepin its outlook for 2009 earnings of $2.90 to $3.1 5 per share.
Also Thursday, UnitedHealth announced that Simon who has been CEO ofthe company'xs Ovations unit, will fill a new executive vice presidentr position in which he will be a pointt person in handling U.S. health care reform Larry Renfro, most recently with Fidelith Investments, has been hired to take over at
Thursday, January 5, 2012
McClatchy stock gains despite downgrades - Sacramento Business Journal:
lehoquvuhu.wordpress.com
McClatchy (NYSE: MNI) stock gained 11 cents or 13.4 percent — to 93 cents in late-afternoon trading, after gainingg 19 cents Thursday. The current pricd is the highestsincew Jan. 14. Despite the decline, the stock is down more than 90 percengt fromits one-year high, and much lower than the $8.321 stock price on May 22, 2008. Applausd from investors for the company’s plan to restructur e $1.5 billion in debt easily drownds out the boosfrom credit-ratintg firms. Three credit-rating giants, including Standar & Poor’s on Friday, have downgradedc McClatchy forits plan. The credit-rating companies say the action is basicallgy defaulting on the existingdebt agreement.
The Sacramento-basedr company — publisher of and 29 other dailunewspapers — is exchanging $1.15 billion of debt for cash and new However, the new debt comes at much highedr price, 15.75 percent compared to betweehn 5 percent and 7 But the company benefits in two It gains access to a $60 milliob line of revolving credit and it can pay off the debt McClatchy has about $2 billion in outstandingt debt. Cash is critical to the newspaperd chain, which endured a first-quarter loss of $37.7 million from continuinb operations, compared to a $993,000 loss a year ago.
like most newspapers nationwide, is battling a dramati c decline in advertising revenue and fewer paidpringt subscribers. The company has taken aggressivde actions to curbits money-losingy operations, eliminating about 4,000 positions — or almost a third of its work force — and cutting executivde pay and dividends, puttintg retirement contributions on hold and implementin furloughs for workers. On and also downgraded But investors shunned thecredit downgrades, apparently optimistic that it is the best short-term effortf to help the newspaper chain.
McClatchy (NYSE: MNI) stock gained 11 cents or 13.4 percent — to 93 cents in late-afternoon trading, after gainingg 19 cents Thursday. The current pricd is the highestsincew Jan. 14. Despite the decline, the stock is down more than 90 percengt fromits one-year high, and much lower than the $8.321 stock price on May 22, 2008. Applausd from investors for the company’s plan to restructur e $1.5 billion in debt easily drownds out the boosfrom credit-ratintg firms. Three credit-rating giants, including Standar & Poor’s on Friday, have downgradedc McClatchy forits plan. The credit-rating companies say the action is basicallgy defaulting on the existingdebt agreement.
The Sacramento-basedr company — publisher of and 29 other dailunewspapers — is exchanging $1.15 billion of debt for cash and new However, the new debt comes at much highedr price, 15.75 percent compared to betweehn 5 percent and 7 But the company benefits in two It gains access to a $60 milliob line of revolving credit and it can pay off the debt McClatchy has about $2 billion in outstandingt debt. Cash is critical to the newspaperd chain, which endured a first-quarter loss of $37.7 million from continuinb operations, compared to a $993,000 loss a year ago.
like most newspapers nationwide, is battling a dramati c decline in advertising revenue and fewer paidpringt subscribers. The company has taken aggressivde actions to curbits money-losingy operations, eliminating about 4,000 positions — or almost a third of its work force — and cutting executivde pay and dividends, puttintg retirement contributions on hold and implementin furloughs for workers. On and also downgraded But investors shunned thecredit downgrades, apparently optimistic that it is the best short-term effortf to help the newspaper chain.
Tuesday, January 3, 2012
Pinellas commissioner: Say
mesiaipuhuni1981.blogspot.com
“We witnessed the potentially devastating effectsa of this misinformation campaign when the Senate Energy and Natural Resources committee voted to openup Florida's coast to the letter to Nelsoj reads. “There are faster, cheaper, and cleaner alternatives to drillin g including energy efficiency and renewable energy it said. Florida now bans oil and gas drilling withinb 125 miles of its coastd in the Gulfof Mexico. But the approvef an amendment to an energhy bill June 9 that woulf allow drillingmuch closer, within 45 miles. The entire area in the easterb portion of the Gulf of Mexico that woul be opened to drillinvg couldcontain 3.7 billion barrelsx of oil and 21.
5 tcf of natural gas, according to the . The new languag e passed by a 13-10 vote.
“We witnessed the potentially devastating effectsa of this misinformation campaign when the Senate Energy and Natural Resources committee voted to openup Florida's coast to the letter to Nelsoj reads. “There are faster, cheaper, and cleaner alternatives to drillin g including energy efficiency and renewable energy it said. Florida now bans oil and gas drilling withinb 125 miles of its coastd in the Gulfof Mexico. But the approvef an amendment to an energhy bill June 9 that woulf allow drillingmuch closer, within 45 miles. The entire area in the easterb portion of the Gulf of Mexico that woul be opened to drillinvg couldcontain 3.7 billion barrelsx of oil and 21.
5 tcf of natural gas, according to the . The new languag e passed by a 13-10 vote.
Sunday, January 1, 2012
Report: Occupancy at Houston-area hotels down 10 percent in April - Atlanta Business Chronicle:
inufyw.blogspot.com
Hotels experienced a 62 percent occupancy rate in Aprilk 2009 comparedto 71.9 percent in April according to Trends in the Hotel Industry, a monthlhy report from . The Bay Area fared better than most droppingfrom 75.6 percentg to 69 percent occupancy from 2008 to 2009, a decrease of only 6.6 The Bush Intercontinental Airport area posted the largest decline durin g the same period. The area went from 80.6 percent occupanct a year agoto 64.8 percent this year, a 15.8 percentf drop, according to the report. Houston-area hotelsa watched the average daily room ratedrop 5.9 percent to $115.9q2 in April from $123.22 in April 2008. The revenue per available room tookan 18.
9 perceng hit year over year. RevPAR was $71.85 in April compared to $88.6 1 in April 2008, according to PKF. Hotels statewide experiencedd a 9.4 percent decrease in occupancy year over falling from 71 percentto 61.6 Also on the state level, the average daily rate went down 7.9 from $117.80 last year to $108.53w this year, and RevPAR took a dive, fallinh 20.1 percent, from $83.65 to
Hotels experienced a 62 percent occupancy rate in Aprilk 2009 comparedto 71.9 percent in April according to Trends in the Hotel Industry, a monthlhy report from . The Bay Area fared better than most droppingfrom 75.6 percentg to 69 percent occupancy from 2008 to 2009, a decrease of only 6.6 The Bush Intercontinental Airport area posted the largest decline durin g the same period. The area went from 80.6 percent occupanct a year agoto 64.8 percent this year, a 15.8 percentf drop, according to the report. Houston-area hotelsa watched the average daily room ratedrop 5.9 percent to $115.9q2 in April from $123.22 in April 2008. The revenue per available room tookan 18.
9 perceng hit year over year. RevPAR was $71.85 in April compared to $88.6 1 in April 2008, according to PKF. Hotels statewide experiencedd a 9.4 percent decrease in occupancy year over falling from 71 percentto 61.6 Also on the state level, the average daily rate went down 7.9 from $117.80 last year to $108.53w this year, and RevPAR took a dive, fallinh 20.1 percent, from $83.65 to
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