nautical-different.blogspot.com
Rite Aid, which lost $2.9 billiojn in its latest fiscal year and is shuttering distributionj centers as it grapplesz withthe recession, is one of many big companiex pulling out of conference plans and conventionsw nationwide. And such cancellationes are hurting what hospitality expertscall “destinatio n cities” at a time when the industry is already struggling with the economic The national drugstore chain, based in Camp Hill, Pa., had been one of Baltimore’s biggest conventions in recent years, bringing 6,000 people to town and pumping $6 milliobn from direct spending into the city in 2008 and more than $7 millionb the year before.
The company had originally booked 14,5000 hotel room nights for its nine-day expo in but had to scrap the convention becaus e offinancial pressures. The company reported fourtu quarter revenue for fiscal 2009of $6.7 “The decision stems from the economidc times,” said Ashley Flower, a Rite Aid spokeswoman. “W felt it was necessar y and similar to what other companieds need to make asa decision.” Flower said the companh is in discussions to reschedulwe its management conference and expo, but no definitd decision has been made yet. Officials declined to say when or wherd the next expo wouldtake “We can’t book these things Flower said.
The Baltimore Area Convention and Visitoras Association is on the hunt for new vendors and conferencea forthe Aug. 10-19 time slot, officiala said. But for hotels and restaurants inthe area, Rite Aid’sz cancellation stings. “That just took a big hunk out of our saidDee O’Horan, head conciergd at . The occupancy drop could reducethe hotel’s work force; concierge employees have already had theif hours reduced to two days a week, she “It was one of the biggesf [conventions]; that conference usually fills most of the city’sa hotels,” O’Horan said. Nationally, the exhibition industry conventions, conferences and exposx — saw an 11.
6 percent decline in shows and revenue in the first three monthsw ofthe year, according to the Center for Exhibitioh Industry Research. Revenue alone from conventionsdropperd 19.7 percent in the first quarter comparede with the same period in 2008. Otheer corporations cutting back on conferences include Microsoft and which have recently canceled conference s slated for Seattleand Atlanta, respectively. The Rite Aid because it spansnine days, also enabled the 6,0009 attendees to get around the city and dine at restaurantsx more frequently, restaurateurs said. That lost foot trafficc will eat intorestaurant sales, they said.
bummer,” said Martha Lucius, ownere of Bohéme Cafe downtown. “When we lose a convention, we lose a Erik Miller, concierge for , said the cancellation not only causesx major vacancies for InnerHarbor hotels, but also for hotels around Baltimore/Washington International Thurgood Marshall will also take a hit. Rite Aid staged tents and rentef theentire 170,000-square-foot Inner Harbor museum for a partyh during its last two conventions in Baltimore. More than 3,000 peopler attended each event, said Chrisx Cropper, the science center’s senior director of “It was one of the bigger rentakl events that we have at the Science he said.
“Obviously not to have that business this year will have some kind of impactton us.” Cropper could not pinpoint how much total revenur would be lost from the cancellation. The event forced the attractiohn to close earlier to the public on the day it was Cropper said, and officials hope to recover some of the lost incomew by being open for the entire day this
Monday, January 31, 2011
Friday, January 28, 2011
Scotts shuttering all Smith & Hawken stores - Houston Business Journal:
framptongeqeaqu1461.blogspot.com
Jim Hagedorn, CEO of the Marysville, Ohio-based lawn and garden giant, said in a statement that “thre combination of a weak economy and the lack of scale provedc too greatto overcome.” For a year, Scotts had been explorin options for the high-end garden brand it bought in 2004 for $68.55 million but decided closing the businessa was the “best option available,” Hagedorn Smith & Hawken, basedc in Novato, Calif., has a storde at 3935 San Felipe Road in River Oaks and anothed at 9595 Six Pinesa Drive in The Woodlands. Scotts (NYSE: SMG) said storewide sales acrosd the chain will begin Thursday and will be managed bya third-part y firm.
Orders on Smithu & Hawken’s Web site, catalog and call centedr will bediscontinued Thursday. The company in its last annuall report said the chaihn has consistently underperfomed since it was acquired nearly half adecaded ago. Scotts’ “corporate and other” segment, whicjh consists of Smith & Hawken and administrativde expenses, posted a 23 percent decline in salewsat $51.2 million for the six months endedx March 29. That segment’s operating loss for the six-montb period totaled $75.4 million, according to filings. Scottsa expects to take a $25 millionm after-tax hit on the closurer of the chain, mainly tied to terminated leasesz andseverance costs.
Most of those charges, the company will be taken on by the end of the Scotts in the yearended 30, 2008, lost $10.9 million on $2.98 billionn in revenue. The company has about 6,400 full-time workers
Jim Hagedorn, CEO of the Marysville, Ohio-based lawn and garden giant, said in a statement that “thre combination of a weak economy and the lack of scale provedc too greatto overcome.” For a year, Scotts had been explorin options for the high-end garden brand it bought in 2004 for $68.55 million but decided closing the businessa was the “best option available,” Hagedorn Smith & Hawken, basedc in Novato, Calif., has a storde at 3935 San Felipe Road in River Oaks and anothed at 9595 Six Pinesa Drive in The Woodlands. Scotts (NYSE: SMG) said storewide sales acrosd the chain will begin Thursday and will be managed bya third-part y firm.
Orders on Smithu & Hawken’s Web site, catalog and call centedr will bediscontinued Thursday. The company in its last annuall report said the chaihn has consistently underperfomed since it was acquired nearly half adecaded ago. Scotts’ “corporate and other” segment, whicjh consists of Smith & Hawken and administrativde expenses, posted a 23 percent decline in salewsat $51.2 million for the six months endedx March 29. That segment’s operating loss for the six-montb period totaled $75.4 million, according to filings. Scottsa expects to take a $25 millionm after-tax hit on the closurer of the chain, mainly tied to terminated leasesz andseverance costs.
Most of those charges, the company will be taken on by the end of the Scotts in the yearended 30, 2008, lost $10.9 million on $2.98 billionn in revenue. The company has about 6,400 full-time workers
Wednesday, January 26, 2011
Audience Calendar - Press Herald
vidineevostegity.blogspot.com
Press Herald | Audience Calendar Press Herald Work by young, emerging visual artists, York Art Association, York Harbor. www.yorkartassociation.com. 10 am to 4 pm today and Thursday through Jan. 30. ... |
Sunday, January 23, 2011
United Way announced campaign goal - Dayton Business Journal:
http://www.theverve.co.uk/index.php?/forums/member/84057/
million. Campaign Chair Robertt Curry, of , said he was confidenft the United Way woulrd be able to make the goal thistime around, though it would be challenging. “We know the economy is Curry said. “But the needs have and the board did not feel it woulfd send a positive message to lower the Curry said The United Way wouldc need to broaden itscontributer base, targe unfamiliar small businesses as well as asking for more from current contributersa to meet the campaign goal.
Earlier this week, United Way President and Chief Executive Officer Marc Levy announcerd he would be leaving the organizatiom duringthe campaign, in October, to becom e the CEO at United Way of the Columbia-Willamette, which operatesx in the area surrounding Ore. Curry said while Levy woulcd be missed, the United Way alreadgy has made progress and expects to have a solide jump on its goal by Octoberr and be even closerby Thanksgiving. “We’re pretthy far down the track,” Curry “We already have a game plan, and I think we’rs already well in the process.
” Curry said regardless of Levy’sw departure it was going to be difficulft to earn thecampaign goal. Goinb into the campaign, the United Way already faces anearly $800,000 shortfall becaused of major contributing companies, such as (NYSE: GM), announcing plansx to move out of the area. The United Way will officiallyt announce the goal at its United Live IV concert Friday at the Fraze Pavilionin Kettering. Ticketsa are $15.
million. Campaign Chair Robertt Curry, of , said he was confidenft the United Way woulrd be able to make the goal thistime around, though it would be challenging. “We know the economy is Curry said. “But the needs have and the board did not feel it woulfd send a positive message to lower the Curry said The United Way wouldc need to broaden itscontributer base, targe unfamiliar small businesses as well as asking for more from current contributersa to meet the campaign goal.
Earlier this week, United Way President and Chief Executive Officer Marc Levy announcerd he would be leaving the organizatiom duringthe campaign, in October, to becom e the CEO at United Way of the Columbia-Willamette, which operatesx in the area surrounding Ore. Curry said while Levy woulcd be missed, the United Way alreadgy has made progress and expects to have a solide jump on its goal by Octoberr and be even closerby Thanksgiving. “We’re pretthy far down the track,” Curry “We already have a game plan, and I think we’rs already well in the process.
” Curry said regardless of Levy’sw departure it was going to be difficulft to earn thecampaign goal. Goinb into the campaign, the United Way already faces anearly $800,000 shortfall becaused of major contributing companies, such as (NYSE: GM), announcing plansx to move out of the area. The United Way will officiallyt announce the goal at its United Live IV concert Friday at the Fraze Pavilionin Kettering. Ticketsa are $15.
Friday, January 21, 2011
Tuesday, January 18, 2011
Unisys extends debt exchange deadline - Pittsburgh Business Times:
http://jenhutton.com/index.php?/writing/excuse-me/
The latest extension moves the deadline to midnight Wednesdahy from midnightlast Friday. It was midnighg May 28 when Unisys announcerd the offer onApril 30. The Blue Bell, Pa.-basecd information-technology company is trying to get holders of four sets of senio r notes to exchange them in a private placement for new senio secured notes thatpay 12.625 percent interest and are due 2014. The senior notes eligiblee for the offerare 6.875 percen t notes due in 2010; 8 percengt notes due 2012; 8.5 percent note s due 2015; and 12.5 percent noteds due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receive cash and holderx of the senior notesd due 2015 and 2016 can also buy additional seniodr secured notes inthe exchange. Unisys won’y issue more than $375 million of the new seniot secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 noteds and $3.4 million of the 2016 notes had been tendered as of the clos e ofbusiness Friday. That’s $73.3 million, up only $100,000 from the totall tendered twoweeks previously, when Unisysw last extended the offer.
The company said it and its representatives are continuingf to talk to representatives of seniore note holders regardingthe offering.
The latest extension moves the deadline to midnight Wednesdahy from midnightlast Friday. It was midnighg May 28 when Unisys announcerd the offer onApril 30. The Blue Bell, Pa.-basecd information-technology company is trying to get holders of four sets of senio r notes to exchange them in a private placement for new senio secured notes thatpay 12.625 percent interest and are due 2014. The senior notes eligiblee for the offerare 6.875 percen t notes due in 2010; 8 percengt notes due 2012; 8.5 percent note s due 2015; and 12.5 percent noteds due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receive cash and holderx of the senior notesd due 2015 and 2016 can also buy additional seniodr secured notes inthe exchange. Unisys won’y issue more than $375 million of the new seniot secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 noteds and $3.4 million of the 2016 notes had been tendered as of the clos e ofbusiness Friday. That’s $73.3 million, up only $100,000 from the totall tendered twoweeks previously, when Unisysw last extended the offer.
The company said it and its representatives are continuingf to talk to representatives of seniore note holders regardingthe offering.
Saturday, January 15, 2011
'Season of the Witch' review: Nicolas Cage sleepwalks through Black Plague - Hero Complex
http://grand-caravan.biz/CaravanMinivan/
New York Daily News | 'Season of the Witch' review: Nicolas Cage sleepwalks through Black Plague Hero Complex Directed by the perenni » |
Thursday, January 13, 2011
Neighborhood Community of Newnan seized - Atlanta Business Chronicle:
http://floatation-tank.com/floatation-therapy-featured-in-first-magazine/
, based in West Point, Ga., will assum all of Neighborhood Community’ds $191 million in total deposits, and will take on $209 millionn of the failed bank’s assets, according to a release. Neighborhoocd Community’s loan and deposit customers will automatically become CharterBank The FDIC and CharterBanl entered intoa loss-share transaction, a method that is becoming a common vehicle for the FDIC to unloads failed banks. Under the deal, the regulator will absorb losses on as muchas $171 milliojn of the assets purchased by CharterBank.
The deposit insurer stated in a releaswe the deal will be the least costly forthe FDIC’sd insurance fund and will minimize disruption for loan customers. The FDIC estimate s the cost of the failurd to the insurance fund willbe $66.7 Neighborhood Community opened in April and operated four offices throughout the south metrk in Newnan, Tyrone and Peachtree City. The branchesd will re-open Monday as CharterBank branches, and will permanentlgy become CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extensionj ofhis bank’s West Georgi market closer to along the Interstate 85 corridor.
CharterBank is headquarterecd nearthe Alabama/Georgia border along I-85, and operates branches throughoutg the border region. The bank operates five branches in West andhas $800 million in total assets. Johnson said his bank wouldr continue to look at otheer distressed banks along the corridotr toadd branches, deposits and loanx as a path for growth. “Customerd should know that it will be business as usuall for both their deposits and Johnson said, noting two branches will be open tomorrosw for customers. The list of Atlanta-area banks felled by bad bets on real estatd loans continuesto swell.
As of firsft quarter 2009, Neighborhood Community reportex $163 million in total loans, but one-third of thosde loans were in some stageof default, foreclosure or repossession by the The bank reported only $5.2 million in total which could not absorb the potential losses on $15 million in foreclosed real and $31 million in loans that appeared unlikely to be At the time of its the bank had a Texas Ratio of 346 The ratio has became a common industryt metric in the S&L Crisis, and measureds total loan problems to equity or the size of the bank’a problems with its ability to absorbb the losses.
Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlier Friday, state banking regulators seizerVilla Rica-based Community Bank of West No bidder was found for Community Bank’s operatione — one branch in the Atlanta suburh — and the bank will be
, based in West Point, Ga., will assum all of Neighborhood Community’ds $191 million in total deposits, and will take on $209 millionn of the failed bank’s assets, according to a release. Neighborhoocd Community’s loan and deposit customers will automatically become CharterBank The FDIC and CharterBanl entered intoa loss-share transaction, a method that is becoming a common vehicle for the FDIC to unloads failed banks. Under the deal, the regulator will absorb losses on as muchas $171 milliojn of the assets purchased by CharterBank.
The deposit insurer stated in a releaswe the deal will be the least costly forthe FDIC’sd insurance fund and will minimize disruption for loan customers. The FDIC estimate s the cost of the failurd to the insurance fund willbe $66.7 Neighborhood Community opened in April and operated four offices throughout the south metrk in Newnan, Tyrone and Peachtree City. The branchesd will re-open Monday as CharterBank branches, and will permanentlgy become CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extensionj ofhis bank’s West Georgi market closer to along the Interstate 85 corridor.
CharterBank is headquarterecd nearthe Alabama/Georgia border along I-85, and operates branches throughoutg the border region. The bank operates five branches in West andhas $800 million in total assets. Johnson said his bank wouldr continue to look at otheer distressed banks along the corridotr toadd branches, deposits and loanx as a path for growth. “Customerd should know that it will be business as usuall for both their deposits and Johnson said, noting two branches will be open tomorrosw for customers. The list of Atlanta-area banks felled by bad bets on real estatd loans continuesto swell.
As of firsft quarter 2009, Neighborhood Community reportex $163 million in total loans, but one-third of thosde loans were in some stageof default, foreclosure or repossession by the The bank reported only $5.2 million in total which could not absorb the potential losses on $15 million in foreclosed real and $31 million in loans that appeared unlikely to be At the time of its the bank had a Texas Ratio of 346 The ratio has became a common industryt metric in the S&L Crisis, and measureds total loan problems to equity or the size of the bank’a problems with its ability to absorbb the losses.
Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlier Friday, state banking regulators seizerVilla Rica-based Community Bank of West No bidder was found for Community Bank’s operatione — one branch in the Atlanta suburh — and the bank will be
Monday, January 10, 2011
Second recession deemed possible - New Mexico Business Weekly:
more
Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the time, says the chamber’s Marty Regalia. He predicts the current economic downturj will endaround September. However, the unemploymentf rate will remain high through the first half of next year andinvestmenft won’t snap back as quickly as it usuall does after a recession, Regalia says. Inflation, looms as a potential problem because of thefederall government’s huge budget deficits and the massive amounyt of dollars pumped into the economy by the Federal Reserve, he says.
“Ths economy has got to be runningf on its own by the middle ofnext year,” Regalia Almost every major inflationary period in U.S. historyh was preceded by heavydebt levels, he notes. The chancexs of a double-dip recession will be lower if Ben Bernanker is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamaw appoints his economic adviser Larry Summers to chai rthe Fed, that would signal the monetaryt spigot would remain open for a longert time, he predicts. A coalescing of the Fed and the Obams administrationis “not something the markets want to Regalia says.
Obama has declined to say whether he willreappoint Bernanke, whose term ends in February.
Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the time, says the chamber’s Marty Regalia. He predicts the current economic downturj will endaround September. However, the unemploymentf rate will remain high through the first half of next year andinvestmenft won’t snap back as quickly as it usuall does after a recession, Regalia says. Inflation, looms as a potential problem because of thefederall government’s huge budget deficits and the massive amounyt of dollars pumped into the economy by the Federal Reserve, he says.
“Ths economy has got to be runningf on its own by the middle ofnext year,” Regalia Almost every major inflationary period in U.S. historyh was preceded by heavydebt levels, he notes. The chancexs of a double-dip recession will be lower if Ben Bernanker is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamaw appoints his economic adviser Larry Summers to chai rthe Fed, that would signal the monetaryt spigot would remain open for a longert time, he predicts. A coalescing of the Fed and the Obams administrationis “not something the markets want to Regalia says.
Obama has declined to say whether he willreappoint Bernanke, whose term ends in February.
Saturday, January 8, 2011
Three foreign workers wounded in mortar attack near Gaza border - Ha'aretz
http://orbitintl.com/newspops/news2.html
Three foreign workers wounded in mortar attack near Gaza border Ha'aretz Three mortars were fired from the Gaza Strip towards Israel on Saturday afternoon; two landed in open territory but one struck a populated area of a kibbutz ... |
Wednesday, January 5, 2011
Canadian exercise time guidelines to be shortened - Vancouver Sun
madhu-westmeath.blogspot.com
Nanaimo Daily News | Canadian exercise time guidelines to be shortened Vancouver Sun The Canadian Society for Exercise Physiology will be issuing the new guidelines on Jan. 24. The amount of time adults are told to spend being physic » |
Monday, January 3, 2011
Study: Consistent exercise may reduce risk of colon cancer death - HealthJockey.com
gavrilovaefivu.blogspot.com
HealthJockey.com | Study: Consistent exercise may reduce risk of colon cancer death HealthJockey.com Individuals exercising consistently apparently had a lower risk of colon cancer death for at least 10 years. Kathleen Y. Wolin, ScD, first author and ... Exercise Decreases Colon Cancer Death Risk Exercise drops risk of colon cancer death |
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