plesciamipukoa1855.blogspot.com
At least that’s what Trump claims in courg documents filed withthe U.S. District Court’ s Middle District of Florida Wednesday as he continues to try and recovee unpaid licensing fees connected to the failedx Trump TowerTampa project. After Trump sued SimDagh for morethan $1 million in licensing fees in May 2007, Dagostinol filed a counterclaim saying Trump’s revealing of the existencse of the licensing agreemen — something that had nevet been publicly confirmed before that — caused irreparablee harm to the project, and sought his own damagea because of it. Trump, through his attorneys Christopher L. Griffin and Lauren L.
Valientwe of LLP of Tampa, says that not only is Dagostinop incapable of fulfilling the originapl agreement first signed in Octobet 2004 but his own guaranty already waives his rights to file such a The original licensing deal wouldr result ina $2 milliojn payday for Trump, but the agreement in 2006 that doublexd that fee to $4 milliohn in exchange for concessions in the amount of moneyu Trump would receive from condo sales. As part of the new Trump would receive a 50 percentf cut of overallnet profits, instead of various percentages of gros revenue averaging around $300 a squarw foot. U.S. Bankruptcy Judge K.
Rodney May ordered in July that Trump’sx breach of contract suit could continuedespits SimDag’s Chapter 11 bankruptcy protection filing. At the same with Peter J. Grilli on 29 would also move forward. The $225 million luxury condominium project was supposeed to be built on Ashlegy Drive in downtown Tampaz on the banks of theHillsboroughh River. The trial for Trump’s breach of contract suit is scheduleedfor Feb. 2. In the meantime, Dagostino has changeds attorneys inthe lawsuit. Charless M. Harris Jr. and Heidi L. Hobbsz of Trenam Kemker Scharf BarkibnFrye O’Neill & Mullis in St.
Petersburg will represent him in the caseagainsgt Trump, replacing Allen Levine and Lisa M. Castellano of of Clearwater.
Tuesday, July 10, 2012
Sunday, July 8, 2012
Arlington to close Bad Königshofen Family Aquatic Center for maintenance - Fort Worth Star Telegram
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Fort Worth Star Telegram | Arlington to close Bad Königshofen Family Aquatic Center for maintenance Fort Worth Star Telegram The Bad Königshofen Family Aquatic Center in southwest Arlington will close temporarily starting 4 p.m. today while the city does maintenance to address water quality. |
Saturday, July 7, 2012
Report: IBM in talks to buy Sun for $6.5B - Dallas Business Journal:
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billion in cash. The price reported by the WallStreeyt Journal, citing unidentified sources it said are familiar with the would be a 100 percent premium over Sun's closing price of $4.97 a share on Sun shares opened trading on Tuesday up more than 68 percent at $8.36. IBM openeds down almost 4 percentat $89.46. Santaa Clara, Calif.-based Sun (NASDAQ: JAVA) reorganized into three business unitxs asits high-end servers and storage deviceds have struggled in the It laid off more than 6,000 employees last fall afterf reporting a nearly $500 million loss. The deal woul d be the largest acquisitio inIBM (NYSE: IBM) history.
The Journa l reported that despitethe talks, its sourcesd said there is no assuranc that a deal will be reached. The paper said that Sun approachefd a number of largetech companies, including (NYSE: HPQ) about an acquisition but was turned away. An IBM acquisitioh of Sun is seen as potentiallyy giving it powerful weapons in the competitiob for the data center marke t which research firm IDC says willhit $100 billiob in 2009. "Big Blue" is going head-to-heas in the market against HP andSan Jose, Calif.-baseed (NASDAQ: CSCO) which said earlier this week that it will starft selling its own "server" computefr in competition against the other two.
Cisco and HP had previously worked together inthe market. Palo Calif.-based HP made a big move in the market when itpaid $13. 9 billion to purchase of Texas-based in August, placing it squarely in competition with IBM on hugeoutsourcinbg contracts. In last year'z fourth quarter, IBM led in the global serverr market revenuewith $4.9 billionj in sales, about 36 percent of the market. HP was No. 2 with $3.9 billion in sales or about 29 percentg ofthe market. DELL), with $1.4 billion in sales, and Sun, with abouf $1.3 billion, were a distant No. 3 and No. 4.
billion in cash. The price reported by the WallStreeyt Journal, citing unidentified sources it said are familiar with the would be a 100 percent premium over Sun's closing price of $4.97 a share on Sun shares opened trading on Tuesday up more than 68 percent at $8.36. IBM openeds down almost 4 percentat $89.46. Santaa Clara, Calif.-based Sun (NASDAQ: JAVA) reorganized into three business unitxs asits high-end servers and storage deviceds have struggled in the It laid off more than 6,000 employees last fall afterf reporting a nearly $500 million loss. The deal woul d be the largest acquisitio inIBM (NYSE: IBM) history.
The Journa l reported that despitethe talks, its sourcesd said there is no assuranc that a deal will be reached. The paper said that Sun approachefd a number of largetech companies, including (NYSE: HPQ) about an acquisition but was turned away. An IBM acquisitioh of Sun is seen as potentiallyy giving it powerful weapons in the competitiob for the data center marke t which research firm IDC says willhit $100 billiob in 2009. "Big Blue" is going head-to-heas in the market against HP andSan Jose, Calif.-baseed (NASDAQ: CSCO) which said earlier this week that it will starft selling its own "server" computefr in competition against the other two.
Cisco and HP had previously worked together inthe market. Palo Calif.-based HP made a big move in the market when itpaid $13. 9 billion to purchase of Texas-based in August, placing it squarely in competition with IBM on hugeoutsourcinbg contracts. In last year'z fourth quarter, IBM led in the global serverr market revenuewith $4.9 billionj in sales, about 36 percent of the market. HP was No. 2 with $3.9 billion in sales or about 29 percentg ofthe market. DELL), with $1.4 billion in sales, and Sun, with abouf $1.3 billion, were a distant No. 3 and No. 4.
Friday, July 6, 2012
Consumers
titus-neither.blogspot.com
The has filed for a stay on the detaikl in a rate increase PUCO approved this monthufor Columbus-based American Electridc Power (NYSE:AEP). Part of the PUCO order allowsd the company to pick up revenue it would have receivex had the rate increase takeb effect at the beginning of the AEP received roughly half of the 15 percenr annual electricity rate increase it sought for this yearthrough 2011. If the commissiomn next week gives approval to tariffs AEP has filee since therate ruling, the increase the PUCO approved for 2009 will be compressexd into bills for the remaining months of this year.
The counsel opposed the retroactiverate increase, but the request for a stay asks the PUCO to not put it into effec t until a determination is made aboutg the legality of the provision. Consumers’ counsepl spokesman Ryan Lippe said the agenc thinks the retroactive increase violatews Ohio lawand isn’t permitted in the sweepinb electricity deregulation plan Gov. Ted Stricklanf signed last year. That paved the way for the rate increasw AEP filedlast summer. The joined the Ohio Counsel in requestingthe stay. Shana Eiselstein, a spokeswomahn for the PUCO, wouldn’t comment on the legal stating only that the retroactivwe provision is an element ofthe commission’s order.
“If argumentsx are raised otherwise, there is an opportunity for a rehearingf and the commission will have to consider arguments as they come she said. An AEP spokeswoman couldn’t be reached for comment. Lippe said the counsel intends to seek a rehearing on therate
The has filed for a stay on the detaikl in a rate increase PUCO approved this monthufor Columbus-based American Electridc Power (NYSE:AEP). Part of the PUCO order allowsd the company to pick up revenue it would have receivex had the rate increase takeb effect at the beginning of the AEP received roughly half of the 15 percenr annual electricity rate increase it sought for this yearthrough 2011. If the commissiomn next week gives approval to tariffs AEP has filee since therate ruling, the increase the PUCO approved for 2009 will be compressexd into bills for the remaining months of this year.
The counsel opposed the retroactiverate increase, but the request for a stay asks the PUCO to not put it into effec t until a determination is made aboutg the legality of the provision. Consumers’ counsepl spokesman Ryan Lippe said the agenc thinks the retroactive increase violatews Ohio lawand isn’t permitted in the sweepinb electricity deregulation plan Gov. Ted Stricklanf signed last year. That paved the way for the rate increasw AEP filedlast summer. The joined the Ohio Counsel in requestingthe stay. Shana Eiselstein, a spokeswomahn for the PUCO, wouldn’t comment on the legal stating only that the retroactivwe provision is an element ofthe commission’s order.
“If argumentsx are raised otherwise, there is an opportunity for a rehearingf and the commission will have to consider arguments as they come she said. An AEP spokeswoman couldn’t be reached for comment. Lippe said the counsel intends to seek a rehearing on therate
Wednesday, July 4, 2012
E-Verify rule put on hold again - Atlanta Business Chronicle:
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The rule was scheduled to takeeffecg Jan. 15, but the delayexd the implementation dateuntil Feb. 20 after the and othe groups filed a lawsuit aimed at blocking the Now therule won’t go into effecf until May 21 “in ordedr to permit the new administration an adequatwe opportunity to review the rule,” accordingh to a notice to be publisher Friday in the Federal When Barack Obama took officr as president, he urged agencies to review new regulations that had not yet becomr effective.
“We are hopeful that the incomingf administration will agreethat E-Verify is the wrong solution at the wrong said Robin Conrad, executive vice presidenty of the National Chamberd Litigation Center. The chamber contends Homeland Security lacks the authority to make the useof E-Verifg mandatory for contractors. The requirement would add a cost to thechamber argues. E-Verify provides an Internet-based means for employersd to compare the names and Social Securityg numbers of newly hired employees againstgovernment databases. About 100,000 businesses now participate in the which isnow voluntary.
Bush administration officialxs contended the government has the right to ensure the companies it does business with comply withimmigration laws. Randy Johnson, the chamber’s vice presidenft in charge oflabor policy, said the Obamas administration’s decision to review the E-Verify regulation is “z promising development, but it doesn’t changre the fact that the executive branch may not make E-Verifgy mandatory when Congress clearly said that it must be “We’re cautiously optimistic that the incoming administration will make the righf choice, but if not, it will be up to the court to settls the issue,” Johnson said.
The rule was scheduled to takeeffecg Jan. 15, but the delayexd the implementation dateuntil Feb. 20 after the and othe groups filed a lawsuit aimed at blocking the Now therule won’t go into effecf until May 21 “in ordedr to permit the new administration an adequatwe opportunity to review the rule,” accordingh to a notice to be publisher Friday in the Federal When Barack Obama took officr as president, he urged agencies to review new regulations that had not yet becomr effective.
“We are hopeful that the incomingf administration will agreethat E-Verify is the wrong solution at the wrong said Robin Conrad, executive vice presidenty of the National Chamberd Litigation Center. The chamber contends Homeland Security lacks the authority to make the useof E-Verifg mandatory for contractors. The requirement would add a cost to thechamber argues. E-Verify provides an Internet-based means for employersd to compare the names and Social Securityg numbers of newly hired employees againstgovernment databases. About 100,000 businesses now participate in the which isnow voluntary.
Bush administration officialxs contended the government has the right to ensure the companies it does business with comply withimmigration laws. Randy Johnson, the chamber’s vice presidenft in charge oflabor policy, said the Obamas administration’s decision to review the E-Verify regulation is “z promising development, but it doesn’t changre the fact that the executive branch may not make E-Verifgy mandatory when Congress clearly said that it must be “We’re cautiously optimistic that the incoming administration will make the righf choice, but if not, it will be up to the court to settls the issue,” Johnson said.
Tuesday, July 3, 2012
Alabama BlueCross cuts jobs, citing economic downturn - Dallas Business Journal:
ishinlyuboqemija.blogspot.com
The state’s largest health insurer has cut humabn resources positions in recent weeks and has told employee s jobs will be slashed in itsclaima department. BlueCross has a June 15 meeting in whicn health management provider service department employees are expectedf to learn if they will be impacted bythe layoffs, according to sourcew who spoke on the condition of BlueCross’ claims department personnel attended a June 4 meetin g in which employees were told only eight jobs were available to bid on in a 200-persomn department, sources said.
BlueCross managers told employees many businessew are turning toelectronic claims, decreasing the need for paperr records administered in-house. Increasing unemployment figurese coupled with corresponding rising uninsured rolls callfor belt-tightening measurea for insurance companies, public health professor Dean G. Smith said. BlueCrosxs said it is “reviewinf the scale of our administrative to be properly aligned with its customed base and itscorporate mission. Without providin specific numbers on anticipatedjob cuts, it said its personne l adjustments are in response to declining customer It blamed the recession and the state’s escalating unemployment rate for the job cuts.
In an e-mailedr statement, BlueCross said it is “not immune to thes e challenging anddifficult times. “Wwe too are being affected by the current economivc downturn and the doubling of the unemployment rate in Alabamza over the last12 months,” BlueCross’ statemenf read. “Many of our customers have had to reduce theire work force and this has resulted in some having to drop theire healthcare coverage.” Alabama’s unemployment rate was 9 percent in Aprilp 2009, up from 4.5 percent in April 2008. BlueCross of Alabama said it has 3,400 employees in Alabama. In 2008, BlueCross had 3,0000 local employees, according to research.
It held 96 percent of the smallk business health insurance market in the state in the most recent dataavailable shows. In BlueCross reported $4 billion in premium revenue, up from $3.5 billio in 2007. Its $28.6 million 2008 net income resultex in a profit margin of less than one half of 1 Thinning profit margins are troubling forinsuranc companies, University of Michigan’s Smith Insurance firms generally aim for profit margins in the 2 percentr neighborhood. As unemployment rates the number ofinsured declines, which takes a toll on an insurer’se bottom line, Smith said. He said BlueCross’ cuts are in response to the slumping economy.
“Too few peoplwe insured means fewer peoplew needed to manage the businesws asvolume decreases,” Smith said. “They also migh t be tightening their belt a littlee bit in anticipation to what might be down the When you have less business you needfewerd workers. That’s good management.”
The state’s largest health insurer has cut humabn resources positions in recent weeks and has told employee s jobs will be slashed in itsclaima department. BlueCross has a June 15 meeting in whicn health management provider service department employees are expectedf to learn if they will be impacted bythe layoffs, according to sourcew who spoke on the condition of BlueCross’ claims department personnel attended a June 4 meetin g in which employees were told only eight jobs were available to bid on in a 200-persomn department, sources said.
BlueCross managers told employees many businessew are turning toelectronic claims, decreasing the need for paperr records administered in-house. Increasing unemployment figurese coupled with corresponding rising uninsured rolls callfor belt-tightening measurea for insurance companies, public health professor Dean G. Smith said. BlueCrosxs said it is “reviewinf the scale of our administrative to be properly aligned with its customed base and itscorporate mission. Without providin specific numbers on anticipatedjob cuts, it said its personne l adjustments are in response to declining customer It blamed the recession and the state’s escalating unemployment rate for the job cuts.
In an e-mailedr statement, BlueCross said it is “not immune to thes e challenging anddifficult times. “Wwe too are being affected by the current economivc downturn and the doubling of the unemployment rate in Alabamza over the last12 months,” BlueCross’ statemenf read. “Many of our customers have had to reduce theire work force and this has resulted in some having to drop theire healthcare coverage.” Alabama’s unemployment rate was 9 percent in Aprilp 2009, up from 4.5 percent in April 2008. BlueCross of Alabama said it has 3,400 employees in Alabama. In 2008, BlueCross had 3,0000 local employees, according to research.
It held 96 percent of the smallk business health insurance market in the state in the most recent dataavailable shows. In BlueCross reported $4 billion in premium revenue, up from $3.5 billio in 2007. Its $28.6 million 2008 net income resultex in a profit margin of less than one half of 1 Thinning profit margins are troubling forinsuranc companies, University of Michigan’s Smith Insurance firms generally aim for profit margins in the 2 percentr neighborhood. As unemployment rates the number ofinsured declines, which takes a toll on an insurer’se bottom line, Smith said. He said BlueCross’ cuts are in response to the slumping economy.
“Too few peoplwe insured means fewer peoplew needed to manage the businesws asvolume decreases,” Smith said. “They also migh t be tightening their belt a littlee bit in anticipation to what might be down the When you have less business you needfewerd workers. That’s good management.”
Sunday, July 1, 2012
Audit shows surplus decline at Pinnacol - Atlanta Business Chronicle:
viningocouqyl1601.blogspot.com
According to the recenty audit fromDeloitte & Toucher LLP, which lawmakers reviewed Monday, the decrease is related to lossex on bonds and common Pinnacol’s reserves were a source of scrutiny earliee this year when Colorado legislators attempted to raid $500 million from the insurefr to plug gaps in the state budget. Lawmakers argued that becauses Pinnacol is a political subdivisiomn ofthe state, its reserves were fair But legislators later retreateed from the raid after Pinnacol’s CEO threatened to sue the stats and Gov. Bill Ritter indicated he would not supportfthe move.
A special committee will look into Pinnacol’sd operations under Senate Bill 281, approvef by lawmakers and Ritter during the most recentGeneralo Assembly. Supporters of the bill said that Pinnacol’sd unique structure should be examined more But opponents of the legislatioh say the committee isa “witchu hunt” to dismantle Pinnacol, which functioned better sinced it started operating as a privatde interest in 2004. In an audit Deloitte said it identified financial misstatementsthat haven’t been corrected in the company’ds books totaling $7.5 million in net income. Pinnacol repliecd that the uncorrected statementsare “immaterial.
” Pinnacol reported a total of $2 billion in assetsx in 2008. It declared additional policyholder dividendsof $120 millio n that year.
According to the recenty audit fromDeloitte & Toucher LLP, which lawmakers reviewed Monday, the decrease is related to lossex on bonds and common Pinnacol’s reserves were a source of scrutiny earliee this year when Colorado legislators attempted to raid $500 million from the insurefr to plug gaps in the state budget. Lawmakers argued that becauses Pinnacol is a political subdivisiomn ofthe state, its reserves were fair But legislators later retreateed from the raid after Pinnacol’s CEO threatened to sue the stats and Gov. Bill Ritter indicated he would not supportfthe move.
A special committee will look into Pinnacol’sd operations under Senate Bill 281, approvef by lawmakers and Ritter during the most recentGeneralo Assembly. Supporters of the bill said that Pinnacol’sd unique structure should be examined more But opponents of the legislatioh say the committee isa “witchu hunt” to dismantle Pinnacol, which functioned better sinced it started operating as a privatde interest in 2004. In an audit Deloitte said it identified financial misstatementsthat haven’t been corrected in the company’ds books totaling $7.5 million in net income. Pinnacol repliecd that the uncorrected statementsare “immaterial.
” Pinnacol reported a total of $2 billion in assetsx in 2008. It declared additional policyholder dividendsof $120 millio n that year.
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