Thursday, September 29, 2011

Associated may post 2Q net loss - San Francisco Business Times:

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filing with the Federal Deposit Insurance Corp. Meanwhile, second quarter net charge-offs are expectec to be between $60 million and $70 million, Gree Bay-based Associated (NASDAQ: ASBC) said Mondagy afternoon. The figure was $56.09 million as of the end of the firstt quarter onMarch 31. The bank’s managemenft said weakness in the economy has resultedin asset-qualityy downgrades to Associated’s commercial real estate and commercial and industrial credits.
“We believde loan loss provisionsand charge-offs will remainb elevated due to the continued deterioration in the real estate sector and the weak economy,” said chairman and CEO Paul Beideman. “We expect the pace of loan and assey deterioration to moderate infuture quarters.” Associatef executives said that, after taking into consideration the increased loan-los s provision, the company’s capital levels will still exceedf well-capitalized standards as of June 30. Associatedc said its board has formed a risk and crediy committee to supplement risk management oversightr performed by the company andthe company'zs audit committee.
The boars has appointed to the new committee John Eileen Kamerick andRichard Lommen. The company will releasre second-quarter results on July 16. Associated stock closed at $13.37 on

Monday, September 26, 2011

State Fund: 'Back on track' with changes - Sacramento Business Journal:

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Jeanne Cain, State Fund's board chair, updated the quasi-public carrier's efforts to turn things arouncd inan Aug. 27 letter to statde Sen. Mike Machado (D-Linden). Included with the lettere was a status report of the changes Statr Fund has made since March when several probe s determined the insurer needecd to revamp its leadershipand operations. Based in San State Fund employs more than 800people locally. It providese insurance to 230,000 employers in California, and wrote more than $6 billion in business last year.
The status reporgt did not reveal any detailw ofState Fund's independent internalp review or the work being done by a joint task forcee made up of the California Highwa y Patrol, the , and the San Francisco Districy Attorney's Office. Those agenciezs are investigating potential misconduct by former employees ofStatee Fund. The insurer has been under investigation for alleged fraud in the handling of itsgroulp programs. At issue are allegedlt inflated "administrative fees" policyholders paid to State Fund and the administrators ofthesre groups.
Two top executivex were fired in Marchn and two board members resigned last A newchief executive, Janet Frank, is scheduled to take over in In her update this week, Cain said "Statse Fund needs to strengthen its corporate governance" by expandingt its board during this legislativr session. With a larger board, the insurer couls form committeesfor audit, corporate governance, ethicds and investment. State Fund also wants to add sixpermanenr positions: chief financial chief information technology chief investment officer, chief operating officer, chief underwritin officer and general counsel.
In the past five State Fund said it has madeprogress on: Restructurinfg and strengthening its leadership team, including the hirinyg of Frank Machado's office wouldc not comment on the He chairs the Senate Banking, Finance and Insurance

Saturday, September 24, 2011

Video: Rick Santorum "Did Not Hear" Republicans Boo Gay Soldier - Gothamist

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Mediaite


Video: Rick Santorum "Did Not Hear" Republicans Boo Gay Soldier

Gothamist


During the GOP Presidential debate on Thursday night, some vocal Republicans could be heard booing a gay active member of the military who asked a question about the now-defunct "Don't Ask Don't Tell" military policy. The aptly-renamed Rick Santorum ...


Gary Johnson Heard The Booing Of Gay Soldier That Rick Santorum Missed At GOP ...

Mediaite


GOP debate: Rick Santorum 'did NOT hear gay soldier Stephen Hill being booed'

Daily Mail


Republican presidential hopeful condemns booing of gay soldier

Pink Paper


The New Civil Rights Movement -New York Daily News


 »

Thursday, September 22, 2011

QinetiQ signs lease in Reston - The Business Review (Albany):

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As the incoming lead tenant inthe 196,00p0 square-foot Class A offics building at 11091 Sunset Hillsw Road in Reston, its 11-yea r lease starts later this year. McLean-based QinetiwQ North America, a subsidiary of London-based QinetiQ that offersx technology-based defense and security products and services to the saidits 42-percent revenue growth over its last fisca l year has partly been due to its role in the intelligencwe and cyber security markets and new work with the Department of Homelane Security and NASA. It will be the fifth U.S. officed for the company, which is also in Huntsville, Ala.
and Waltham, The tenant was represented by Robb Johnson andDee MacDonald-Millerf of Jones Lang LaSalle. Vardell Realt y Investments LLC was represented byMike Shuler, Rob Walterds and Nate Krill of Millennium Realty Advisorse LLC. Initially, 400 program management-type employees be relocatingb from various offices in Fairfax County into theRestonj building. Down the road in 2011 or the number of employees at the site will doublesto 800. Out of the 400 movinvg in, 75 will be part of QinetiQ’e technology solutions group and the othefr 325 will be part of its missionsolutions group.
“Likwe any company trying to attract andretaih high-quality people, we were looking for more than just a This building has environmentally-friendly featurew the new generation of employees is looking for,” said Matthes Warnock, director of public relations at QinetiQ. He said the buildintg will also help cut down onoverhead “by a greaty deal,” with expected savings of 65 to 70 percentg on power consumption througg the use of virtualization softwarr and green technology to reducre heating and utility costs.
He adds that the buildinyg sits right off a bike traik and was built onan east-to-wesrt access, which means employees can take advantagde of a full day of sunlight and cut down on

Tuesday, September 20, 2011

Economy Watch: FNF Construction gets highway stimulus contract - Phoenix Business Journal:

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“It is a rehabilitation project to create asaferr roadway,” said Deena Billings, business development officer for Tempe-based FNF which is celebrating 25 years in Some areas of U.S. 491 have deteriorated creatingv a significant safety issue for those whouse it, she The project is a good fit for the company, whichj also has an office in according to Billings. “Paving projects are kind of our niche.” In additionm to making the roadway saferfor travelers, the $8.9 milliohn project gives FNF Construction’s staff more opportunityy for work. “We will be able to keep existing employeesa busy and perhaps hirenew ones,” she said.
The biddinyg process for a stimulus contract is very similar to that on any job both for the contractofr and the state departmentt oftransportation involved. The New Mexico Department of Transportatio advertised the project in typical fashion with the lowest bidded winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectssin depth, however, Arrendondo Construction on the 14-mile which runs on the southern portion of the broke ground May 20.
FNF Construction is hopeful that its portiob of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.

Sunday, September 18, 2011

International Business Machines Corporation Company Profile | IBM Company Information

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IBM is the largest information technology company in the the world's largest business and technologgy services company, the world's largest consultintg services organization, the world's largest information technologu research organization, and the world's larges financier of information technology. IBM is an innovation-basefd business serving the needs of enterprisews andinstitutions worldwide. It defines innovation as the intersectionh of business insight andtechnological invention.
IBM seeks to deliver clienft success

Friday, September 16, 2011

Excellence in Workplace Flexibility winners named - Silicon Valley / San Jose Business Journal:

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Winners are considered leading practitionerd of workplace flexibility in Arizona and across the chamberofficials said. The event is part of the Chandler Chamber’s management of When Work Works, an ongoinf initiative of Families andWork Institute, the Institute for a Competitive Workforce, an affiliate of the U.S. Chambedr of Commerce and the Twigs Foundation. Applications for the Alfred P. Sloan Awards were open to all organizationd in Arizona with more than 10 employees that have been in busines for at leastone year.
Applicants were evaluated in a two-step process, first comparing the employer’s applicationj to nationally representative data from Familiese andWork Institute’s National Study of then corroborating the employe r responses through a survey of employees. The breakfasty will begin at 7:30 a.m. at Crowne Plazwa San Marcos, 1 San Marcos Way in downtown For more: 480-241-7128 or Arizona Foundation for Legal Services and Education, Phoenixx Arizona Weddings magazine and Web site, Scottsdale Autohausz Arizona Inc., Phoenix BDO Seidman LLP, Phoenix Chandler-Gilbert Community College, Chandler Clifton Gundersoj LLP, Phoenix Contreras State Farm Agencu Inc.
, Tempe Cosmopolitan Medical Communications, Glendale Custo m Accounting & Tax PC, Carefree Deloitte LLP, Phoenix Henry & Horne, LLP Johnson Phoenix Keats, Connelly and Associates, Phoenix Intel Chandler Metro Architecture LLC, Phoenix Morrison Associates Ltd., Phoenix My Computer Works, Scottsdalse Neonatology Associates Ltd., Phoenix Omega Legal Systems Inc., Phoenidx Pima Council on Aging Inc., Tucson RSM McGladrehy Inc., Phoenix Raytheon Missile Systems, Tucson Salt River Materials Group dba Phoenix Cement and Salt River, Scottsdaler Western International University, Scottsdale Campus Western Internationa University, Phoenix Whitnybell Perry Inc.
, Phoenix WorldatWork, Scottsdals Western International University, Chandler Campus The Go Daddyh Group Inc., Scottsdale

Wednesday, September 14, 2011

Tampa doctor pleads guilty in prescription drug scheme - Tampa Bay Business Journal:

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Between 2003 and December Ibanez’s criminal organization grossed in excesasof $85 million by distributing more than 50 milliojn hydrocodone pills to customers throughout the Unitedr States who placed orders over the Internet, a releasre from U.S. Attorney A. Brian Albrittonn said. Hydrocodone is the generic name for a prescription painkille r known under a variety ofbrand names, including Vicodin, Vicoprofin, Lortab, Lorcet and Norco. Ibane z faces up to 20 years in prisonj anda $500,000 fine.
According to a plea Ibanez andother co-conspirators advertised hydrocodons through Internet Web site clinics, using forms of marketinyg that enticed customers to obtain prescriptioh drugs without a prescription from their own physicians. Ibanea personally authorized or allowed his name to be used to authorize morethan 74,009 orders for hydrocodone, representing more than 6.6 millionn pills, the release said. Ibanez also hired and managed or caused others to hireand manage, doctors from Florida and other statew to take part in the scheme, the releass said. The case is part of a continuinfg investigation by the andthe .

Sunday, September 11, 2011

EnergyStar program gains use for energy reductions - Charlotte Business Journal:

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The energy-efficiency label is gaining popularity among building ownera intent on lowering their monthlypower bills. The U.S. Greenm Building Council’s Leadership in Energy and Environmental Desigj program has gained widespread applicatiomin construction. But with the large numbef of buildings that were built beforer the LEED standards were the EnvironmentalProtection Agency’es EnergyStar program has room to grow. Insteadd of tracking measurements such asair quality, sustainable materiales and commitment to recycling in the LEED program, EnergyStar focusesz on power use. EnergyStar buildings typicallyuse 35% less energuy and emit 35% less greenhouse gases than average buildings.
To gain the rating, properties must scorde 75 points or higherd ona 100-point scale in the EPA’se National Energy Performance Rating system. Buildingy types that can earn the ratingv includebank branches, hospitals, hotels, offices, stores, supermarketss and some manufacturing plants. Until recently, LEED has been a measurew of sustainability primarily fornew construction. But the Energy­Stat rating shows that going green isn’t limited to new buildings or even major The energy-efficient retrofit marketf is set for growth. Federal buildings will likelyt see such renovations under thestimulus act.
But the largest potential for growtgin energy-efficient retrofits lies in commercial buildings, accordinhg to a June report by Pike Research. The trendd is evident in Charlotte, which ranks No. 18 on a list of American citiews with themost EnergyStar-qualified In 2008, Charlotte had 45 of the buildingsz totaling 5.8 million square feet. More than 3,300o commercials buildings and manufacturing plantds around the country earned the ratintglast year. Supermarket giangt partnered with the EPA in 1998 and has receivecd multiple awards for pursuing EnergyStar rating on allits stores. So far, 880 of the chain’sd 1,300 stores are certified.
“Of supermarkets use a lot of Refrigeration isthe single-largesty driver,” says Kyle Mitchell, vice president of storse development for the Salisbury-based grocery chain. Sincs its first store qualifiecdin 2001, Mitchell says Food Lion has cut energt consumption by 25% on a per stores basis. This has helped blunt price hikewfor energy. “The energy billas are not nearly as high as they wouldhave been,” Mitchello says. Nationally, companies have three avenues to pursue financial incentives for reducinenergy consumption, says Katherine Hammack, a leader in ’s climat e change and sustainability services group in Phoenix. She was on the boarsd of the U.S.
Green Building Council in 1993 when the LEED prograwas developed. Hammack says some companies can receive incentives fromtheie utility. Many states sponsor energy programsx that offer tax credits or exemptions for cuts inenergty use. And the federal government offerd tax deductionsfor energy-efficiency improvements. Increasing adding energy-efficient windows and converting to amore energy-efficient roof system can qualify for one or more incentivese from those sources, Hammack says. How much a companyg saves tends to be aregionak issue.
West Coast and Northeast states and utilitty providers offer more incentive programs than those in the Companies interested in pursuing EnergyStar can use a free onlins tool called Portfolio Manager to calculatse a score fortheir buildings. That scorde must be verified by a professionaol engineer before an application for the designation can be There is no charge to apply for the Owners must reapply every year by submittingh data on thepast year’s energy use to maintain the designation. Brad Rabinowitz, an engineed with , has conducted EnergyStar verification for clients such as real estatew developersand Hines.
“As LEED has EnergyStar has seemed to grow along with Rabinowitz says. The two programs don’t compete. Instead, the EnergyStadr rating is a prerequisite for attainingLEED

Friday, September 9, 2011

Southwest adds pet fares, raises bag fees - Nashville Business Journal:

http://www.sasezpublications.com/author/admin/page/2/
Small cats and dogs can fly in the cabimnfor $75 each way. “These new programs and processesa are just the starting point with additional initiativesd planned for laterthis year,” Southwest CEO Gary Kell y said in a “It is always our goal to be upfront with our customeras and to set the right customedr expectations. Our changes today associate a charge for itemss that are truly anextr service.” All pets must fit in a carrier that goes under the airplane which will count as the passenger’sx carry-on bag. Customers can beginh purchasing pet fares on June 1 for traveo beginningJune 17.
Southwest also is increasing its servic e charge to check a thir d bag or an overweight bag that weighs 51 to 70 The fee will be raisedrfrom $25 to $50 for customers traveling on or after June 17. Southwestr remains one of the only airlinesa that allows the first two bagsfor free. “Th increase in the baggags charge impacts less than one percent of our Kelly says. Southwest will stargt charging $25 each way for unaccompanied minors travelintg alone between the ages of 5and 11. The chargse applies to tickets purchasedJune 1. Unaccompanied minorse may only travel on nonstop ordirect flights, not on flights that changs planes.
“This service charge will help us coverf our added costs and still maintain ourcompetitive low-farre advantage,” Kelly says.

Wednesday, September 7, 2011

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“Roger Penske and Penske Automotive Group has purchases theSaturn brand,” Davies “It’s a great day for Davies says the sale means dealers and employeesd who’ve been on edge since GM announcedc it would jettison Saturn in March, can now breatjh a sigh of relief. “Today 350 dealership s were savedand 13,000 employees. This is fabulous Davies says. “We will be divorced from General Motors by the end ofthe year.” A repory from Bloomberg News, which cites an unidentifiede source, says Penske will pay between $100 million and $200 millioj for the deal.
Davies says companies are expected to release detailss of the deal later on including who the new manufacturing companyywill be. Penske Automotive Group, Inc., headquarteree in Bloomfield Hills, Mich. operates 310 retail automotiver franchises, representing 40 different brands. The successfull sale of it’s Saturnm brand is the next stepfor cash-strappede GM, which filed for bankruptcy Monday. In May, the auto maker announced it woulsd beclosing 1,100 dealerships and a full 40 percent of its dealedr network — some 2,600 locations by the end of next year. Earliee this week, Troy Pfaff of Pfaff Chevroley Inc. in Mulvane, Kan.
, receivefd a letter notifying him his dealership would be amonhthose cut. “It’s a tougu deal,” he says. “But nothing’sd really set in stoner because it’s all dependant on the bankruptcy.” He says even if the cour t allows GM to close theselected dealerships, he will remain a GM dealet until his contract expires next year. “I’m stilpl in business,” he says. “I’m open untill October 2010.

Monday, September 5, 2011

Greg Grainger joins Jones Lang LaSalle - Austin Business Journal:

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Jones Lang LaSalle said Grainger will be leadingits Dallas-Fort Worth property management business. He also is expected to launcnh a national industrial propertymanagement practice. Graingetr is joining Jones Lang LaSallefrom , whered he headed the property managementt practice for the D-FW area. Prior to he managed the property management divisionfor Co. “Withg more than 20 yeards of experience and a proven tracik record in the property management Greg will greatly enhancethe firm’s ability to provide expanded industrial and property managementt services to our clients,” said Paul Whitman, president of Jones Lang LaSalle, DFW.
“We are strengthening our propertt management business into the industrial spherre in response tomarket demand.” Grainger is not the only recentg addition to the team. Terry a 35-year industrial real estate veteran, joined the firm last mont to lead theindustrial group, which specializes in advisinh occupiers and investors of industrial space.

Saturday, September 3, 2011

10 MN banks had $1M-plus incomes in Q1 - Minneapolis / St. Paul Business Journal:

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The strongest banks were also the state’s largest: , based in Minneapolis, had the most income for the $624.4 million. , based in was second with $30 million in income for the quarter. ( has a largr presence here, but is headquartered in San Franciscok andso isn’t on the list.) While U.S. Bank and TCF are the perenniap top-dogs of the Twin Cities banking scene, a more interestinb dynamic shapes up further down the list of themetrol area’s strongest banks. KleinBank, based in and , based in St. are in a class of their own as $1 billion-pluxs community banks. Bremer had $6.2 milliomn in income, while KleinBanik had $1.8 million for the first quarter.
The two often play leap-fro on the list of the Cities’ most profitable In the fourth quarter of KleinBankhad $4.9 million in income, whild Bremer had $1.2 , based in Vermillion, had $2.9 million in incomd on assets of $416 million. Vermilliojn has been a strong performer throughout the pastdifficult year. Its incomre has been above $2 million every quartee for the pastfour quarters.