http://wild-zone.net/www.wild-zone.net/Toolkit.html
Kris Parlett, spokesman for Proctefr and Gamble (NYSE: PG) Pet which includes Iams and Eukanuba, said the compant and its 240 employees would be moving in Octobee to the Masonbusiness park, where othert personal health care divisions of P&Gv and more than 2,000 employees are “It will make it easiedr to collaborate and increase productivity,” Parlett said. Nobody will be laid of as a resultg ofthe company’s current headquarterds On Poe Avenue closing. Instead, all 240 employees will be offered there same positionsin Mason. P&G acquired Iams in 1999. Sincre then, sales of its Iams and Eukanubaz brands have morethan doubled, accordingg to the company.
“Our home addresse is changing but not our commitment to improvinhthe well-being of all dogs and cats,” said Dan vice president of P&G’s pet care businesz in North America, in a statemengt released Thursday. “If anything, this will help us do an even bettee job of connecting with our colleague in health care to bring great innovation topet care.” A companu spokesperson confirmed that 250 employees at the Iams-Eukanubwa manufacturing and R&D compledx in Preble County will not be part of the The news of the move came as a surprisse to Vandalia officials who said they had been workingg vigilantly behind the scenes to keep Iams “When P&G purchased Iams, we knew at that point this was a possibilituy some day,” said Rich Hopkins, director of communications for the city.
“Butg we are surprised today that the announcement was Hopkins said Iams was one of the top employerswin Vandalia, though he coul d not say how much income was generate d by the company. The city will have a pressz conference at3 p.m. Thursday to further discuss the implicationa ofthe move. the community is still pursuing two includingan $81 million distribution center, whicyh would bring 700 jobs and New-York based aerospace company that could bring 130 jobs. “This is bad news for any Hopkins said. “We have two projects in the pipelinse now that could bring up to 900 employeese tothe city, so it’s not all gloomn and doom here.
”
Monday, November 29, 2010
Friday, November 26, 2010
Ky. video-gaming bill dies in Senate committee - Pacific Business News (Honolulu):
http://www.hfch.org/index2.html
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckt horse tracks, including Turfwat Park in Florence. "The limited gaming proposal was designeed to help save a signature industry inperik – an industry that means 100,000 jobs and $4 billionb in investment for our state," said Gov.
Stevew Beshear in a Monday evening "It is unfortunate that every voice on this critically importang issue was not heard and every vote not At a Frankfortpress conference, Turfway Park President Bob Elliston said Turfwayh could close by 2010 if Ohio passew gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversed his stance against gamblinfgat racetracks.
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckt horse tracks, including Turfwat Park in Florence. "The limited gaming proposal was designeed to help save a signature industry inperik – an industry that means 100,000 jobs and $4 billionb in investment for our state," said Gov.
Stevew Beshear in a Monday evening "It is unfortunate that every voice on this critically importang issue was not heard and every vote not At a Frankfortpress conference, Turfway Park President Bob Elliston said Turfwayh could close by 2010 if Ohio passew gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversed his stance against gamblinfgat racetracks.
Wednesday, November 24, 2010
Menswear store Harleys moving to Lakewood Building - Business First of Columbus:
otomaqaqaba.blogspot.com
Owner Tim Ryan had said late in 2008 that he was planningf to remodel and cut 50 percent ofthe store’ s floor space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocatwe toa 4,100-square-foot space in the Lakewood Building, 3575 N. Oaklaned Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “Thids is our home and we are deeply committed to the he said. Ryan said one of the advantagez of the new siteis off-street parking. The Lakewood Building, a mixed-us e residential/commercial property constructedin 1962, is undergoing a $1.2 milliojn renovation. The building is ownecd by Garrett McIntosh.
Harleys has contracted with architect Stephen Bollingbrok of Development Collaborative Limited in Mequon to do aninteriore buildout. The village of Shorewood provided financial incentive s to both the buildint owner and Harleys to improve the facadw and interior space of theLakewood Building.
Owner Tim Ryan had said late in 2008 that he was planningf to remodel and cut 50 percent ofthe store’ s floor space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocatwe toa 4,100-square-foot space in the Lakewood Building, 3575 N. Oaklaned Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “Thids is our home and we are deeply committed to the he said. Ryan said one of the advantagez of the new siteis off-street parking. The Lakewood Building, a mixed-us e residential/commercial property constructedin 1962, is undergoing a $1.2 milliojn renovation. The building is ownecd by Garrett McIntosh.
Harleys has contracted with architect Stephen Bollingbrok of Development Collaborative Limited in Mequon to do aninteriore buildout. The village of Shorewood provided financial incentive s to both the buildint owner and Harleys to improve the facadw and interior space of theLakewood Building.
Monday, November 22, 2010
LandMar files for bankruptcy - Atlanta Business Chronicle:
The Jacksonville-based residential development company was amon g 125 affiliates that filed along with itsparenft company, Charlotte-based , in the Westerj District of Texas. Crescent’s estimate liabilities are morethan $1 billion, according to the and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’s Web for the company to reorganizs its finances, reduce its debt level and improvw its capital structure.
Crescent intends to operatse its continuing businesses without any significant interruption during the restructuring processx because of a recentlyobtained debtor-in-possession financing facilit y of $110 million from a group of its existinb lenders, according to the Andrew Hede, Crescent’s chief restructuring officer, has been named CEO whilde its former chief Arthur Fields, has retired and will work with Crescenft in an advisory capacity.
“Wr have been in active discussions with our lenders and other stakeholderxs as we work towards an agreement that will bring our capita l structure in line with the currenteconomic environment,” Hede said in a statemenf on the company’s Web site. Charlotte-based Crescent has been pursuintg alternatives to shore up its balance sheeffor months, including selling some of its assets. The company is jointlyy owned by (NYSE: DUK) and Morgan Stanley and has 38 residentialo communities under development inthe Carolinas, Georgia, Arizona and Florida.
Crescent acquired a controlling interestr in LandMarin 1999, but left LandMar’s Ed Burr, in control of the companh until he resigned after a failecd attempt to buy back the company in 2007. The Jacksonvill e Economic Development Commission authorized city lawyers in May to startr the foreclosure process onthe 41-acree parcel that was to be the Plans for the Shipyardd included 1 million square feet of office 100,000 square feet of commercial space, 662 residentialk units, 350 hotel rooms and 150 marinq slips. LandMar has developed or had plans to develop dozens more properties in Florida and throughourtthe Southeast.
Sunday, November 21, 2010
Youth has served Buccaneers well - Sarasota Herald-Tribune
http://reproductiveaccess.org/tam/advocacy_resources.html
Youth has served Buccaneers well Sarasota Herald-Tribune AP Tampa Bay wide receiver Mike Williams is shown running for a touchdown in the second quarter against the Falcons in Atlanta on Nov. 7. ... |
Friday, November 19, 2010
Washington Convention Center Authority wants city to finance $550M hotel - Philadelphia Business Journal:
http://myfinanceinfo.com/perm-running-with-hurdles.htm
On May 29 the convention center’s boardc directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 millionn in bonds to cover the price of the hotel, interesg during construction, insurance and other costs. The city had planne d to finance about 25 percent of the cost of the hotel througha $187 million tax increment financing packag the passed in 2006, which woul have provided $134 million in construction The rest was supposed to come from private debt and equituy partners -- a difficult find in the frozen creditg markets. O’Dell said development partners and Capstonew Development had been dogged but unsuccessfupl in their pursuit of investorsfor months.
“They’ve been pursuinh private financing and inthis market, you that is very difficult. They’ve speng millions of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losingv convention business, he said, building a city-owned hoteol was the best option. He envisions it will still contaihabout 1,100 rooms and be operatedx by Marriott had previously said it would be a Marriotf Marquis. O'Dell began briefing memberws ofthe D.C. Councilp on the board’s proposal Monday.
“Oure ultimate goal is to get this project done and get it startedr as soonas possible,” he In particular there is increased pressure from Nationapl Harbor in Prince George’s which opened last year with a priced tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisneyt Co. had purchased land to build a 500-rook resort hotel on 15 acrex there. Convincing the council to approve that amoungof spending, however, will be a tall task for He had been consideredd a top candidate to replace Neil Albert as deputyt mayor for planning and economic development, but a sourcw close to O'Dell says he was offeredf the job and turned it O’Dell would not confirm that, but indicated he woulf remain in his current post.
“Thse board and the mayof have every expectation of me completinb all the tasks I have he said. The convention center authoritt has an independent board and the ability to issue but O’Dell said the councik would need to expand its authority to issure bonds for the hotel. The council and D.C. Mayo r Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city facew a gap approaching $1 billion for fiscak 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not support issuinhg that amountof debt, which he said woulf immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendation last Gandhi is a member of the convention centet board and attended the Friday meeting. “Tlo be very blunt about it I was very cleat in saying to them that if you were toborrow $750 millioj that would put us way beyond the 12 percent cap we have envisioned for the city...ane I cannot be a party to Gandhi said. The CFO said that he “vergy much” wants a hotel for the “but I would not agree to a deallike that.
See we made a commitmenty to Wall Street that we wouldf not borrow more than 12 perceny againstour budget.” Gandhi, who has won accoladews for helping the city snag a AAA bond ratingy on Wall Street, said he has alreadh begun re-emphasizing the importance of the debt cap with memberas of the council. “I do not think we want to takethis lightly. We should not borroa any more than we are able to he said. He suggested that O’Dell and his partnerss continue to seek private financing Building a hotel to accompany the convention center has always been part of the plan for the city but has languishedc from a seriesof complications. Constructiom on the Walter E.
Washingtonh Convention Center, as it was names in 2007, began in 1998 and opened fiveyearsd later. D.C. planned a 1,400-room hotel, but did not contro l the needed land. In 2007, the city gained final site control after a land swap with developeer KingdonGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriotr and RLJ Development LLC on a smallere 1,100-room hotel. Since then, the development team has also RLJ Development, founded by BET founder Robertt Johnson, was part of the deal Fentyt announced in September 2007 but isn’t any longer.
A main driver of the deal, Marriott Senior Vice PresidentNorman Jenkins, left the companyu late last year to start now a certified business entity that partnerxs with Quadrangle. Speaking for the developmentt team, Jenkins said it was his preferencw to continue seekingprivate financing, and said design was complete, entitlements were in place and therr equity partners ready to invest if debt were available. Capstons and Quadrangle are separately planning a Courtyarde by Marriott adjacent to the hotel on landthey control. “We coule still get there, but we got to get the banks to play and they move at their own pace,” he said.
Still, he said, “ivf the city decides to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkina partnered while at Marriott, pulled out of the deal shortly after taking an interest in it. “They studieds it hard, spent some resources, but theid bread and butter is acquisitions and repositioning rather thannew development,” Jenkins said. Richard Bradley, executivwe director of the Downtown Business Improvement District, said it is unfortunates that the hotel projecg ran into the recession but that the city needs to “bitee the bullet” and move the project forward, citingb the opportunity to grow D.C.
as a tourisrt destination, make it a major playert in conventions and grow itstax “There’s a whole set of good things abouft moving this forward,” he
On May 29 the convention center’s boardc directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 millionn in bonds to cover the price of the hotel, interesg during construction, insurance and other costs. The city had planne d to finance about 25 percent of the cost of the hotel througha $187 million tax increment financing packag the passed in 2006, which woul have provided $134 million in construction The rest was supposed to come from private debt and equituy partners -- a difficult find in the frozen creditg markets. O’Dell said development partners and Capstonew Development had been dogged but unsuccessfupl in their pursuit of investorsfor months.
“They’ve been pursuinh private financing and inthis market, you that is very difficult. They’ve speng millions of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losingv convention business, he said, building a city-owned hoteol was the best option. He envisions it will still contaihabout 1,100 rooms and be operatedx by Marriott had previously said it would be a Marriotf Marquis. O'Dell began briefing memberws ofthe D.C. Councilp on the board’s proposal Monday.
“Oure ultimate goal is to get this project done and get it startedr as soonas possible,” he In particular there is increased pressure from Nationapl Harbor in Prince George’s which opened last year with a priced tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisneyt Co. had purchased land to build a 500-rook resort hotel on 15 acrex there. Convincing the council to approve that amoungof spending, however, will be a tall task for He had been consideredd a top candidate to replace Neil Albert as deputyt mayor for planning and economic development, but a sourcw close to O'Dell says he was offeredf the job and turned it O’Dell would not confirm that, but indicated he woulf remain in his current post.
“Thse board and the mayof have every expectation of me completinb all the tasks I have he said. The convention center authoritt has an independent board and the ability to issue but O’Dell said the councik would need to expand its authority to issure bonds for the hotel. The council and D.C. Mayo r Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city facew a gap approaching $1 billion for fiscak 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not support issuinhg that amountof debt, which he said woulf immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendation last Gandhi is a member of the convention centet board and attended the Friday meeting. “Tlo be very blunt about it I was very cleat in saying to them that if you were toborrow $750 millioj that would put us way beyond the 12 percent cap we have envisioned for the city...ane I cannot be a party to Gandhi said. The CFO said that he “vergy much” wants a hotel for the “but I would not agree to a deallike that.
See we made a commitmenty to Wall Street that we wouldf not borrow more than 12 perceny againstour budget.” Gandhi, who has won accoladews for helping the city snag a AAA bond ratingy on Wall Street, said he has alreadh begun re-emphasizing the importance of the debt cap with memberas of the council. “I do not think we want to takethis lightly. We should not borroa any more than we are able to he said. He suggested that O’Dell and his partnerss continue to seek private financing Building a hotel to accompany the convention center has always been part of the plan for the city but has languishedc from a seriesof complications. Constructiom on the Walter E.
Washingtonh Convention Center, as it was names in 2007, began in 1998 and opened fiveyearsd later. D.C. planned a 1,400-room hotel, but did not contro l the needed land. In 2007, the city gained final site control after a land swap with developeer KingdonGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriotr and RLJ Development LLC on a smallere 1,100-room hotel. Since then, the development team has also RLJ Development, founded by BET founder Robertt Johnson, was part of the deal Fentyt announced in September 2007 but isn’t any longer.
A main driver of the deal, Marriott Senior Vice PresidentNorman Jenkins, left the companyu late last year to start now a certified business entity that partnerxs with Quadrangle. Speaking for the developmentt team, Jenkins said it was his preferencw to continue seekingprivate financing, and said design was complete, entitlements were in place and therr equity partners ready to invest if debt were available. Capstons and Quadrangle are separately planning a Courtyarde by Marriott adjacent to the hotel on landthey control. “We coule still get there, but we got to get the banks to play and they move at their own pace,” he said.
Still, he said, “ivf the city decides to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkina partnered while at Marriott, pulled out of the deal shortly after taking an interest in it. “They studieds it hard, spent some resources, but theid bread and butter is acquisitions and repositioning rather thannew development,” Jenkins said. Richard Bradley, executivwe director of the Downtown Business Improvement District, said it is unfortunates that the hotel projecg ran into the recession but that the city needs to “bitee the bullet” and move the project forward, citingb the opportunity to grow D.C.
as a tourisrt destination, make it a major playert in conventions and grow itstax “There’s a whole set of good things abouft moving this forward,” he
Thursday, November 18, 2010
GM IPO Prices At $33; Total Offer Could Reach $23B - Barron's (blog)
http://4utexts.com/en/public-speaking/page_19.html
Telegraph.co.uk | GM IPO Prices At $33; Total Offer Could Reach $23B Barron's (blog) ... that had already been raised from an earlier $26 to $29, presumably reflecting rabid interest in the offering, which is to open for trading tomorrow. ... Reflecting renewed confidence, GM ups IPO by more than 30% General Motors stock offering may break records GM Supersizes IPO |
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