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Denver-based companies making the top 100 list Global TechnologyResources (No. 7), comCables (No. 21), DocuVaulgt (No. 63), CAM Services (No. 77), Guntheer Douglas (No. 79) All Copy Products (No. 84) and Postmoderb Co. (No. 95). The ICIC survey showeds that the 2009 winners grew at a compound annual growth rate of 40 percent and an average combinef rate of 324 percent between 2003and 2007. the top 100 inner-city businessee have employed nearly 17,000 people and created nearlty 10,000 new jobs in the past five years.
According to 53 percent of companies expect steady 11 percent expect their revenues to 6 percent expect their revenuex to triple and only 4 percent expect their revenues to declinein 2009. Individually, the average Inne City 100 company’s revenues were $23 The 2009 Inner City 100 winners operate from 55 citiezs in31 states. Fifteen companies on the list are baser in California and eight arefrom Massachusetts.
Colorado, Texas and New York each have seven companies onthe Awards: RNL is the only firm in Coloradok to be named among the top five sustainable-designb firms based in the Unite States, according to a Top 10 list publishecd by Architect magazine in its May The rankings were baseed on several variables, such as percentage of Leadershipl in Energy and Environmentapl Design (LEED) projects and LEED-accredited professionals on staff in 2008 as well as greemn policies. Founded in 1956, RNL is basedr in Denver and has officesin Phoenix, Los Angelea and Abu Dhabi, United Arab Emirates.
The Universith of Colorado Denver School of Medicine Alumni Association presented its topannualp prize, the Silver and Gold Award, to Denved Health’s chief medical officer, Dr. Philip Mehler , who graduatedd from the schoolin 1983. The association also recentlyuhonored Dr. Dan Bessesen with its Distinguished Achievement Awardsand Dr. Nancy Nelson with its DistinguishedService Bessesen, a professor of medicine in the divisiom of endocrinology/metabolism/diabetes, is also basexd at Denver Health. He is a 1982 graduate of the UCD Schookof Medicine.
Nelson, who graduated from what was then callec the University of Colorado Schoolk of Medicinein 1959, is now professor emerits of pediatrics at the She served as the firstg female head of the Colorado Medical Society. Dr. Mark a professor in the department of family medicine at the Universityg of Colorado Denver School of has been named recipient of the 2009 Osage Orange Distinguisherd Physician Walking Stick Award for his work runningthe school’s Rura l Track program. The program increases the number of physicians practicing in underserved rural areas acrossa Colorado and theUnited States.
HMH Architectur e and Interiors of Boulder received two awards from the America Society ofInterior Designers. The 2009 Colorado Annual Interiodr Design Awards won by the firm werefor “Primaruy Residence over 5,000 square feet” and for “Bed Bath.” Boutique for the Soul , an organizatioh designed to connect and support women in business, was nameed 2009 Business of the Year by the Denver Tech Cente r Business and Professional Women’s Denver-based Alpine Waste & Recycling was recognized as the state’ws most outstanding business for its recycling/diversion program by the Coloradl Association for Recycling.
The Colorado chapter of the Society for Marketing Professionap Servicespresented Denver-based Kieding Office Architects with the 2009 Marketing Excellence Award for best advertising campaign. Kiedinf specializes in the planning and desighn of commercialoffice space. The Boulder Valley School District ’s annuall report, called “Thrive,” won the Awarsd of Excellence from the Colorado Schoola PublicRelations Association. It was designexd by CommArts.
Laura Landwirth , executive director, Colorado Associatioh of Homes and Services for the received the Award for Excellence from the Assistedd Living Federation of Done deals: Mortenson Construction has been selected to build six new Tactical Equipment Maintenancew Facilities (TEMF) at Fort Carsojn Army Base on behalf of the Army Corps of Engineers. The facilities will includr four medium and two smallbuilding designs, totaling $63.8 million. The work follows Mortenson’s construction of eigh previous TEMF facilities atFort Carson. Dovetaip Solutions added Kendall, Koenig Oelsner PC to its listof clients. KKO is a boutiqude business law firm with offices in Denvefrand Boulder.
Design Lines Inc. , an interiore design firm based inGreenwood Village, has been selected to provide interior designs for The Alvea Spa in Queenes Creek, Ariz., and the Vineyards Spa in Calif. Openings: DécorAsian , which sells pan Asian art, collector’s furniture and antiques, opened its first Denver location, at 1787 S. The company opened its original store on Pearl Street in Bouldefrin 2003. AfterOurs Urgent Care has openeed its fourthColorado location, this one in The clinic, located at 2761 W. 120th Ave., operates weeknights, from 5-9 p.m., and durinh weekends and holidays from8 a.m.-4 p.m.
Thursday, June 30, 2011
Tuesday, June 28, 2011
Austrian Central Bank, Lenders Talk on Greek Rollover - Bloomberg
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The West Australian | Austrian Central Bank, Lenders Talk on Greek Rollover Bloomberg Austria's central bank is discussing a possible voluntary rollover of Greek debt with the country's lenders, according to Chancellor Werner Faymann. The talks are being held privately and outside of the ... Austrian chancellor c » |
Sunday, June 26, 2011
Suzuki CEO says Maruti strike was negligible - Reuters
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Moneycontrol.com | Suzuki CEO says Maruti strike was negligible Reuters TOKYO, June 23 (Reuters) - The head of Suzuki Motor Corp said on Thursday that the strike that lasted six working days at the Manesar factory of subsidiary Maruti Suzuki India Ltd was negligible, leading to an output loss of just 16000 vehicles. ... Maruti Suzuki at 23-mth low, down 2% Suzuki cuts Maruti growth forecast Suzuki CEO says Maruti strike was negligible |
Thursday, June 23, 2011
Big backlog prompts energy manufacturer to go public - Houston Business Journal:
http://shssc.org/about.html
seeks to raise $103.5 millionm to expand the company's manufacturing capacity by 90 percent. founded in 1981 by three former executives of VetcOffshore Inc., is headquartered on Hempstead Highwa where it operates a 175,000-square-foort facility on 15 The company's largest plant is a 218-acrwe campus with 280,000 square feet of manufacturing spacwe on North Eldridge Parkway. Two additionall plants are located in Scotlandand Singapore. Dril-quil manufactures offshore drilling and productiohn equipment for use indeepwater operations. Althougy foreign sales account for aboutf 68 percent of 70 percentof Dril-quip'w products are manufactured in the United States.
The compant plans to increase its manufacturing capacity 90 percent by 1999. Most of the expansionn will take place at the EldridgeParkwauy site, where the companh expects to spend about $16 slightly less than half its total planned capitap expenditures. The remainder of the proceedxs will be used to addmachine tools, to repay indebtedness and for workinb capital. Operating at close to Dril-quip's backlog has increased from $56 million at the end of 1996 to $100 millionn as of June 30. Revenue increased 36 percenf to $34 million in the firsyt quarterof 1997. Revenue in 1996 increased 7 percentover 1995.
The jump in revenu e in the first three months of 1997 was accompaniefd by a 27 percent increase in engineering and productdevelopment expenses, mostly due to the addition of personnel to meet demand. The company had 926 employees as ofJune 30, 580 of them in the Unite States. Dril-Quip expects to continud adding more personnel as facilitiesare expanded, according to Larry one of three co-chairmen of the company. Reimerty is in charge of engineering, product developmengt and finance. Gary D. Smith is responsible for service, training and And J. Mike Walketr heads up manufacturing, purchasing and facilities. The three are co-founder s and co-chairmen of the company.
Also a co-founder is Gary W. an outside director who is chief executivd officer ofForcenegy Inc. Lovelesd was with Great WesternResources Corp. when Dril-quip was Great Western was subsequently purchasedby Forcenegy. Smith and Walker currently each own 30 percent of the Reimert declines to say what percentagre they will own after the public offerintis completed. Underwriters for the offering are MorgamStanley & Co. and Lufkin & Jenrette Securities Corp. The companu plans to apply for a listinfg on The New YorkStock Exchange.
seeks to raise $103.5 millionm to expand the company's manufacturing capacity by 90 percent. founded in 1981 by three former executives of VetcOffshore Inc., is headquartered on Hempstead Highwa where it operates a 175,000-square-foort facility on 15 The company's largest plant is a 218-acrwe campus with 280,000 square feet of manufacturing spacwe on North Eldridge Parkway. Two additionall plants are located in Scotlandand Singapore. Dril-quil manufactures offshore drilling and productiohn equipment for use indeepwater operations. Althougy foreign sales account for aboutf 68 percent of 70 percentof Dril-quip'w products are manufactured in the United States.
The compant plans to increase its manufacturing capacity 90 percent by 1999. Most of the expansionn will take place at the EldridgeParkwauy site, where the companh expects to spend about $16 slightly less than half its total planned capitap expenditures. The remainder of the proceedxs will be used to addmachine tools, to repay indebtedness and for workinb capital. Operating at close to Dril-quip's backlog has increased from $56 million at the end of 1996 to $100 millionn as of June 30. Revenue increased 36 percenf to $34 million in the firsyt quarterof 1997. Revenue in 1996 increased 7 percentover 1995.
The jump in revenu e in the first three months of 1997 was accompaniefd by a 27 percent increase in engineering and productdevelopment expenses, mostly due to the addition of personnel to meet demand. The company had 926 employees as ofJune 30, 580 of them in the Unite States. Dril-Quip expects to continud adding more personnel as facilitiesare expanded, according to Larry one of three co-chairmen of the company. Reimerty is in charge of engineering, product developmengt and finance. Gary D. Smith is responsible for service, training and And J. Mike Walketr heads up manufacturing, purchasing and facilities. The three are co-founder s and co-chairmen of the company.
Also a co-founder is Gary W. an outside director who is chief executivd officer ofForcenegy Inc. Lovelesd was with Great WesternResources Corp. when Dril-quip was Great Western was subsequently purchasedby Forcenegy. Smith and Walker currently each own 30 percent of the Reimert declines to say what percentagre they will own after the public offerintis completed. Underwriters for the offering are MorgamStanley & Co. and Lufkin & Jenrette Securities Corp. The companu plans to apply for a listinfg on The New YorkStock Exchange.
Tuesday, June 21, 2011
Macy
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percent drop in same-store sales in May, as consumeras continued to put offunnecessary spending. The Cincinnati-based department store chain said sales at stores open at least a year are in line withmanagement expectations. Total sales declined to $1.7 billiobn from $1.9 billion a year ago, or 9.5 percent. For the Macy’s said its same-store sales declinee by 9.1 percent, with total salees down 9.5 percent, to $6.9 billion from $7.7 Macy’s (NYSE: M), like most has been struggling to attract parsimonious shopperas while not giving away the storee throughdeep discounts, a strategt that erodes profit margins.
But recent reportss regarding rising manufacturing activity and home saled gave a lift to retail stocks earliee inthe week, based on hopes that consumerw may be encouraged to go out and splurge on a few summe items. Total May retail sales were projectedf to dropby 3.6 according to Retail Metrics, a Massachusettsa firm that tracks store sales. This compares with a 2.7 percenr decline in April. Department stores were forecast to post the weakest down 8.5 percent, with “discretionary spending still in hiding,” according to its monthlg report.
The retailer has projected full-yeat profits of 40 cents to 55 centasper share, excluding restructuring costs stemming from its companywid e reorganization, part of its My Macy’s merchandising program. That Macy's hedged that it will beat this guidancee if the economy improves in the second half of the Annual sales, it has said, are expectedc to decline by 6 percentr to 8 percent, with spring expectex to be weaker than the fall, in part due to stronger performanceas last spring. Macy’s operates roughly 845 departmenyt stores under thenames Macy’sw and Bloomingdale’s. • (NYSE: TGT) said its May same-storr sales fell 6.1 percent from the same montjh ayear ago.
Total sales, at $4.5t6 billion, were down 2.3 percent from May 2008. Targer has consistently postedmonthly same-store sales declines durinv the recession, as consumerse have pulled back their spending on clothes, home furnishingss and some of the other discretionaryh items that had boosted the company’s sales during better times. • said its comparablde store sales in May decreasedby 0.4 percent and totakl sales increased 4.1 percent, better than managementt had expected. The Menomonee Falls, Wis.-based retailer KSS) said Thursday sales for the four-week month endinvg May 31 were $1.26 billion, compared with $1.21 billionj in the same periodof 2008.
Year-to-datre sales also are ahead of 2008at $4.9 compared with $4.8 billion in 2008, an increase of 1.3 Comparable store sales year-to-date decreasec 3.2 percent, Kohl’s said. (NYSE: GPS) said that its comparable-stord sales were down 6 percenf year over yearin May, and net salexs were down 5 percent to $1.03 Gap North American and Banana Republic were hit the hardest in comparable-storer sales -- going down 11 percent and 14 percent, International sales were down 7 percent.
Old Navy was the one Gap branxd that saw anincrease -- It was up 3
percent drop in same-store sales in May, as consumeras continued to put offunnecessary spending. The Cincinnati-based department store chain said sales at stores open at least a year are in line withmanagement expectations. Total sales declined to $1.7 billiobn from $1.9 billion a year ago, or 9.5 percent. For the Macy’s said its same-store sales declinee by 9.1 percent, with total salees down 9.5 percent, to $6.9 billion from $7.7 Macy’s (NYSE: M), like most has been struggling to attract parsimonious shopperas while not giving away the storee throughdeep discounts, a strategt that erodes profit margins.
But recent reportss regarding rising manufacturing activity and home saled gave a lift to retail stocks earliee inthe week, based on hopes that consumerw may be encouraged to go out and splurge on a few summe items. Total May retail sales were projectedf to dropby 3.6 according to Retail Metrics, a Massachusettsa firm that tracks store sales. This compares with a 2.7 percenr decline in April. Department stores were forecast to post the weakest down 8.5 percent, with “discretionary spending still in hiding,” according to its monthlg report.
The retailer has projected full-yeat profits of 40 cents to 55 centasper share, excluding restructuring costs stemming from its companywid e reorganization, part of its My Macy’s merchandising program. That Macy's hedged that it will beat this guidancee if the economy improves in the second half of the Annual sales, it has said, are expectedc to decline by 6 percentr to 8 percent, with spring expectex to be weaker than the fall, in part due to stronger performanceas last spring. Macy’s operates roughly 845 departmenyt stores under thenames Macy’sw and Bloomingdale’s. • (NYSE: TGT) said its May same-storr sales fell 6.1 percent from the same montjh ayear ago.
Total sales, at $4.5t6 billion, were down 2.3 percent from May 2008. Targer has consistently postedmonthly same-store sales declines durinv the recession, as consumerse have pulled back their spending on clothes, home furnishingss and some of the other discretionaryh items that had boosted the company’s sales during better times. • said its comparablde store sales in May decreasedby 0.4 percent and totakl sales increased 4.1 percent, better than managementt had expected. The Menomonee Falls, Wis.-based retailer KSS) said Thursday sales for the four-week month endinvg May 31 were $1.26 billion, compared with $1.21 billionj in the same periodof 2008.
Year-to-datre sales also are ahead of 2008at $4.9 compared with $4.8 billion in 2008, an increase of 1.3 Comparable store sales year-to-date decreasec 3.2 percent, Kohl’s said. (NYSE: GPS) said that its comparable-stord sales were down 6 percenf year over yearin May, and net salexs were down 5 percent to $1.03 Gap North American and Banana Republic were hit the hardest in comparable-storer sales -- going down 11 percent and 14 percent, International sales were down 7 percent.
Old Navy was the one Gap branxd that saw anincrease -- It was up 3
Sunday, June 19, 2011
Mom
http://salaunfranke.com/?p=58
Turning the game of liar’s poker into a business, Bill a founder of Zipatoni; Paul founder of ; and Ron Gross have launchexd liarspoker.com, offering free and pay-to-plauy challenge tournaments. They hired programmers from places such as MIT todevelo algorithms, which they patented and turned into an online game of skill. Even though his company titlr is “exalted liar,” Harrington said it’s all legap because “they are paying a fee to enter a tournament in which the winner gets aguaranteed prize. It’w like a golf tournament.
” They are projectintg a profitof $750,000 this year, 40 percent of Affton High grad Bill Thompson, retired CEO of and founder of the Thompson Centert for Autism and Neurodevelopmental Disorders at the University of is to be elected to the board of directores April 21 in New Citi noted that Thompson grew PIMCO from $40 billionm in client assets to $800 billion. On April 23, he’lp be in town with Tony LaRussa forthe “It’s in the benefit for the Thompso Center. For tickets, call 314-367-8118.
Responding to the bankin g crisis, Kirk Briden, former head of Champiojn Bank, has launched Banker’s Caddy, providing quarterlty bank performance ratings forsmallefr banks. Briden, a techno whiz, measurea how much a bank’s performance has changecd due to market conditions as opposed to strategyand “Just as an investment fund is measured against a relativew index, such as the S&P 500, community banks should be,” he said. He’s projecting $250,0000 in revenue this year. Dan Getman, who retired as a vice presidentr fromin St. Louis in October, is taking over as president of the Kansas City Area LifeSciencee Institute.
The institute fosters collaboration among competitors such as the and the Universityof Missouri-Kansass City. Research activity among 10 universities, hospitals and institutes theredexceeds $550 million a Former Edward Jones partner Louis Wray is launching LiveAnew, a $1 self-funded, Web-based business that capitalizes not on the valu of your portfolio, but what it takes to make you “People making $300,000 frequently are no more happgy than people making Wray said.
LiveAnew is designed to help people lead fulfillinvlives — anything from teaching in Tahiti to volunteeringy for Habitat for Humanity in your home The New York Post’s Page Six gossiop column April 8 spotlighted August Busch IV in advance of a showingf of “Beer Wars Live,” a Michael Moore-styled documentary by Anat Baron. The column wonderexd whether The Fourth would be attending and saidhe “does make a rather comical cameo.” Also his divorce from Kathryn Lisa Thatcher Busch and his bounty from the A-B sale $86.6 million for his shares, a $13.3 millionn bonus, consulting fees of $10.5 million and $120,000 a month till 2013.
Turning the game of liar’s poker into a business, Bill a founder of Zipatoni; Paul founder of ; and Ron Gross have launchexd liarspoker.com, offering free and pay-to-plauy challenge tournaments. They hired programmers from places such as MIT todevelo algorithms, which they patented and turned into an online game of skill. Even though his company titlr is “exalted liar,” Harrington said it’s all legap because “they are paying a fee to enter a tournament in which the winner gets aguaranteed prize. It’w like a golf tournament.
” They are projectintg a profitof $750,000 this year, 40 percent of Affton High grad Bill Thompson, retired CEO of and founder of the Thompson Centert for Autism and Neurodevelopmental Disorders at the University of is to be elected to the board of directores April 21 in New Citi noted that Thompson grew PIMCO from $40 billionm in client assets to $800 billion. On April 23, he’lp be in town with Tony LaRussa forthe “It’s in the benefit for the Thompso Center. For tickets, call 314-367-8118.
Responding to the bankin g crisis, Kirk Briden, former head of Champiojn Bank, has launched Banker’s Caddy, providing quarterlty bank performance ratings forsmallefr banks. Briden, a techno whiz, measurea how much a bank’s performance has changecd due to market conditions as opposed to strategyand “Just as an investment fund is measured against a relativew index, such as the S&P 500, community banks should be,” he said. He’s projecting $250,0000 in revenue this year. Dan Getman, who retired as a vice presidentr fromin St. Louis in October, is taking over as president of the Kansas City Area LifeSciencee Institute.
The institute fosters collaboration among competitors such as the and the Universityof Missouri-Kansass City. Research activity among 10 universities, hospitals and institutes theredexceeds $550 million a Former Edward Jones partner Louis Wray is launching LiveAnew, a $1 self-funded, Web-based business that capitalizes not on the valu of your portfolio, but what it takes to make you “People making $300,000 frequently are no more happgy than people making Wray said.
LiveAnew is designed to help people lead fulfillinvlives — anything from teaching in Tahiti to volunteeringy for Habitat for Humanity in your home The New York Post’s Page Six gossiop column April 8 spotlighted August Busch IV in advance of a showingf of “Beer Wars Live,” a Michael Moore-styled documentary by Anat Baron. The column wonderexd whether The Fourth would be attending and saidhe “does make a rather comical cameo.” Also his divorce from Kathryn Lisa Thatcher Busch and his bounty from the A-B sale $86.6 million for his shares, a $13.3 millionn bonus, consulting fees of $10.5 million and $120,000 a month till 2013.
Thursday, June 16, 2011
Fine
http://salaunfranke.com/?p=58
Opened in early 2008, the bistro was the brainchilr ofMike Fine, who successfully launched and then sold the Sportsman’ss Fine Wine and Spirits concept now owned by The restaurant closed May 30, Fine said. “It’w just been a struggle from the We opened at a reallybad time,” he While the restaurant had strong months during the past summer 2008 was tough — and Fine saw summet approaching once again. “We seemed to be doingb all right,” he said. “But in mid-April, all of a sudden thingx changed.
” He approached his financial backers, and they made the decisiom to closethe “We just really had to make a businesa decision, not an emotional one. It was all dollarws and cents,” Fine said. Now, like many otherss across the Valley andthe nation, Fine is hittinhg the pavement. “Right now, I am looking for a job. I’vee worked 80, 90, 100 hours a week for the past two he said.
Opened in early 2008, the bistro was the brainchilr ofMike Fine, who successfully launched and then sold the Sportsman’ss Fine Wine and Spirits concept now owned by The restaurant closed May 30, Fine said. “It’w just been a struggle from the We opened at a reallybad time,” he While the restaurant had strong months during the past summer 2008 was tough — and Fine saw summet approaching once again. “We seemed to be doingb all right,” he said. “But in mid-April, all of a sudden thingx changed.
” He approached his financial backers, and they made the decisiom to closethe “We just really had to make a businesa decision, not an emotional one. It was all dollarws and cents,” Fine said. Now, like many otherss across the Valley andthe nation, Fine is hittinhg the pavement. “Right now, I am looking for a job. I’vee worked 80, 90, 100 hours a week for the past two he said.
Tuesday, June 14, 2011
Officials press Citi for info on hacking attack - Financial Times
ramsburgsyuheo1544.blogspot.com
stv.tv | Officials press Citi for info on hacking attack Financial Times The Connecticut attorney-general sent a letter to the company on Monday seeking details about how much data was exposed and evidence supporting the company's claim it will be able to avoid similar breaches in the future. ... Connecticut Attorney Ge! neral seeks Citigroup info on data breach Hackers hit Citigroup, steal info on 200000 card holders |
Sunday, June 12, 2011
Report: Up to 10 banks to repay TARP funds - San Francisco Business Times:
tenamup.wordpress.com
The department said the institutions, which were not have met the requirements for repayment established by federalobanking supervisors. It noted that many banks recently have raise d equity capital from private investors and haveissuee long-term debt that is not guaranteed by the government. “Theswe repayments are an encouraging sign offinancial repair, but we stilll have work to do,” Treasury Secretaruy Tim Geithner said. Some media reports listed one or two The Wall Street Journal reported the list of financiapl institutions willinclude (NYSE: JPM), (NYSE: (NYSE: BK), (NYSE: COF) and (NYSE: GS).
More than 600 bankd received a total ofnearly $200 billion through the department’ws Capital Purchase Program. About $2 billion of this moneyg was paidback previously. Some banks have been raising fundws after the stress tests reveale d they needed toboost reserves, including some Dayton-arewa banks. The in earlyh May released the results from its stress The regulatory tests were designed to project howthe country’es 19 largest banks would perform under a varietyy of economic scenarios by the end of 2010. • • -- $33.9o billion • . -- No need • The • • -- $5.5 billiob • -- $1.1 billion • -- $11.r billion • • • -- $1.
8 billion •
The department said the institutions, which were not have met the requirements for repayment established by federalobanking supervisors. It noted that many banks recently have raise d equity capital from private investors and haveissuee long-term debt that is not guaranteed by the government. “Theswe repayments are an encouraging sign offinancial repair, but we stilll have work to do,” Treasury Secretaruy Tim Geithner said. Some media reports listed one or two The Wall Street Journal reported the list of financiapl institutions willinclude (NYSE: JPM), (NYSE: (NYSE: BK), (NYSE: COF) and (NYSE: GS).
More than 600 bankd received a total ofnearly $200 billion through the department’ws Capital Purchase Program. About $2 billion of this moneyg was paidback previously. Some banks have been raising fundws after the stress tests reveale d they needed toboost reserves, including some Dayton-arewa banks. The in earlyh May released the results from its stress The regulatory tests were designed to project howthe country’es 19 largest banks would perform under a varietyy of economic scenarios by the end of 2010. • • -- $33.9o billion • . -- No need • The • • -- $5.5 billiob • -- $1.1 billion • -- $11.r billion • • • -- $1.
8 billion •
Friday, June 10, 2011
Obama: Public plan would
roehampton-crested.blogspot.com
If insurance companies do provide good insurancwe totheir customers, then they should have nothingy to fear from a government-run competitor, he “They should be able to compete,” he If the public plan is able to reduce administrative costsa significantly, private insurers should take note and see if they can do the “There shouldn’t be any objectionj to that,” Obama said. The public plan should be required tocollect premiums, not be “simply eatinh off the taxpayer trough,” he added.
Health insurers and many business groups contend a publicc plan would have an unfair advantage becausrit wouldn’t be subject to all the rules impose on private insurers and likely would pay health providers less for thei services. This could crowds out many private insurers and lead providerds to charge private insurers more to make up for the lost incomse from thepublic plan, they contend. When asked whether includinyg a public plan in healthu care reformwas non-negotiable, the presidenrt said, “We are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to provides relief to people who don’t have healthg insurance or are underinsured.
” Obamz also was asked what he thoughr about the performance of Federal Reserve Chairmahn Ben Bernanke, given the fact his financiak regulatory reform plan proposes expanding the Fed’sw authority. “I think he has done a very good job undetr verydifficult circumstances,” Obama said. All regulatore fell short of doing what was needed to preventt thefinancial crisis, but the Fed “probably performed betteer than most,” he said. Since the financial crisis erupted, Bernanks has “performed very well,” Obama said.
If insurance companies do provide good insurancwe totheir customers, then they should have nothingy to fear from a government-run competitor, he “They should be able to compete,” he If the public plan is able to reduce administrative costsa significantly, private insurers should take note and see if they can do the “There shouldn’t be any objectionj to that,” Obama said. The public plan should be required tocollect premiums, not be “simply eatinh off the taxpayer trough,” he added.
Health insurers and many business groups contend a publicc plan would have an unfair advantage becausrit wouldn’t be subject to all the rules impose on private insurers and likely would pay health providers less for thei services. This could crowds out many private insurers and lead providerds to charge private insurers more to make up for the lost incomse from thepublic plan, they contend. When asked whether includinyg a public plan in healthu care reformwas non-negotiable, the presidenrt said, “We are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to provides relief to people who don’t have healthg insurance or are underinsured.
” Obamz also was asked what he thoughr about the performance of Federal Reserve Chairmahn Ben Bernanke, given the fact his financiak regulatory reform plan proposes expanding the Fed’sw authority. “I think he has done a very good job undetr verydifficult circumstances,” Obama said. All regulatore fell short of doing what was needed to preventt thefinancial crisis, but the Fed “probably performed betteer than most,” he said. Since the financial crisis erupted, Bernanks has “performed very well,” Obama said.
Tuesday, June 7, 2011
Villanova law dean Sargent resigns - Kansas City Business Journal:
alharkaenu.blogspot.com
In a statement, the school said Sargenr offered hisresignation Monday. University Presideng Peter Donohue has appointed Associate Dean Doris DelTosto Broganj asacting dean. Sargent had been Villanovaa Law’s dean since 1997, when he joined the school after service as a professor and associate dean at University of Maryland Schoolof Law. He also taught at the law schoolsd ofAmerican University, Southerm Methodist University and the Universit of Baltimore. He was the longest-tenuresd law school dean among the sixlocal schools.
The schoo is not saying whether Sargent will be staying on as a While the release did not list any of his chief among them would be overseeinb the construction of the new lawschoolo building. Brogan is a longstanding member of the Villanovqa community and has served as associate dean for academicd affairssince 1992. She graduated magna cum laude from Villanova’s School of Law and was an associate at MorganLewis & before returning to Villanova as a membere of the law faculty in 1983. She teaches conflict of laws anddomesticc abuse, and has written in the area s of ethics, domestic abuse and family law.
“Aws always, our primary responsibility is to our and we will move forwarfd with a search for a new dean as quickl y and diligentlyas possible,” the universitty said.
In a statement, the school said Sargenr offered hisresignation Monday. University Presideng Peter Donohue has appointed Associate Dean Doris DelTosto Broganj asacting dean. Sargent had been Villanovaa Law’s dean since 1997, when he joined the school after service as a professor and associate dean at University of Maryland Schoolof Law. He also taught at the law schoolsd ofAmerican University, Southerm Methodist University and the Universit of Baltimore. He was the longest-tenuresd law school dean among the sixlocal schools.
The schoo is not saying whether Sargent will be staying on as a While the release did not list any of his chief among them would be overseeinb the construction of the new lawschoolo building. Brogan is a longstanding member of the Villanovqa community and has served as associate dean for academicd affairssince 1992. She graduated magna cum laude from Villanova’s School of Law and was an associate at MorganLewis & before returning to Villanova as a membere of the law faculty in 1983. She teaches conflict of laws anddomesticc abuse, and has written in the area s of ethics, domestic abuse and family law.
“Aws always, our primary responsibility is to our and we will move forwarfd with a search for a new dean as quickl y and diligentlyas possible,” the universitty said.
Sunday, June 5, 2011
Ascent creates safe haven for Savvis Hosting Center - St. Louis Business Journal:
zlatkopaisley1275.blogspot.com
He turned to Phil founder of , a St. Louiws firm that helps companies builsd and manage datasystems nationwide. That was in 1998, the year Horstmanj started Ascent, which was then callee Pillar Inc. "McCormick was talking back then aboutg terrorism andintellectual property," Horstmann said. So Horstmann got to work finding the best security systemes he could forthe $50 millio n , developed to capitalize on the growing demand of national financiak service providers for a super-safee haven to store and access mission-critical data around the Because Savvis is not in the facilitiesz management business, Ascent also staffs the hostint center, which has been open less than a McCormick said.
"It's been called by many analysts thebest high-encd data center of all data centere in the U.S.," he said. Savvis generates income by leasing computetr server rack space toindustry brokerage, banking and on-line tradinvg companies. The center has 25 customers that spend a total ofaboutt $500,000 a month on Savvis' hostint services, McCormick said. The five-acrse compound in Hazelwood, surrounded by a Department of crash-resistant concrete and iron fence witha card-keu entrance, has a fiber optic perimetert intrusion detection system, manhole intrusion detectors, fibef optic vibration sensors and multiple surveillancee cameras.
And that's before you get anywhere neara building. To enteer Building I, a visitor must pass through a battery of physical and electronicsecurity systems, including a metal detection/X-rauy scanning system more sophisticated than thos found at Lambert-St. Louis International Airport. Pocket change, looses jewelry, electromagnetic devices, food and beveragexs all must be left at thesecurity desk. Once insid the 109,000-square-foot complex, card-key passage is the norm, and everh movement is monitored by one of the160 motion-activatec surveillance cameras.
Access to especiallyh critical areas, such as the computer racks or co-locationh zones, is by bio-metric device or smart While the hosting center appeard to be a single it is actually threelinkeed buildings. The buildings are "base-isolated," meaning they literallty rest on giantball bearings, giving each the freedonm to move 10 inches in any direction without sustaining damage or causing damage to theire neighbor. The complex is built to withstands the most powerfulCalifornia earthquake, Florida hurricanee or Texas tornado. Every major system (security, fire suppression, mechanical, monitoring and fibedr optic) has a back-up system.
And some back-up systems have another system backing themup -- just to be sure. "We'rew not a security company, but we went and found the best equipmenwe could, and we wrotee the policies and procedures," Horstmann said. "Then we executerd it." Horstmann founded Ascent in 1998 to addressd the technology project management needs of the expandingtelecommunicationsz industry. Today, the Creve Coeur-based company is a leadingg creator and manager ofdata centers, call centers and telecoj sites.
The company manages 14 data centers in nine andoversees staffing, monitoring and In addition to clients include Deloitte Consulting, Expressx Scripts, LPL Financial Services, Pace Properties and "We work with large but emerging technology companies also seem to be a good said Tom Blake, vice president of "Many can't scale technology to meet their business so we become an extension of the technicao staff." While the company helpw its clients fulfill their technological goals, it also teachews them how to use it. "We don'rt hold the technology purse strings," said Robert Cordova, vice president of technologyh services.
"We take it off their plate at but then do a knowledgs transfer to give it back to In addition to working directlywith clients, Ascenrt also works with teams that real estate developers assemblr for their projects. While there is no contracgt signed, Ascent has talkecd with and Magellan officials about theirrelocation "We can help companies that are movinbg with their transition," Blake said. "More and more, technology is a componenf of theRFP (request for In fact, Ascent has at leasft two real estate professionalsx on staff.
Robert Tate, director of business development and realestate services, counsels clients on all aspectzs of property selection and developmentf for their most critical data Most recently, Tate served as vice president for the St. Louisz office of CRESA Partners. Serving as both agenft and consultant, he represented clients in the negotiation, leaser and purchase of office propertgyand high-tech industrial space. Jayns Michaud is director of propert y andfacility management.
Her expertise includes: fiscal planning, contract utility and lease administration, maintenance supervision, customer operational and financial reporting, purchasing, payables and cash She has worked forTrammell Crow, The Forsyty Group and Greystone Partners in St. Louis.
He turned to Phil founder of , a St. Louiws firm that helps companies builsd and manage datasystems nationwide. That was in 1998, the year Horstmanj started Ascent, which was then callee Pillar Inc. "McCormick was talking back then aboutg terrorism andintellectual property," Horstmann said. So Horstmann got to work finding the best security systemes he could forthe $50 millio n , developed to capitalize on the growing demand of national financiak service providers for a super-safee haven to store and access mission-critical data around the Because Savvis is not in the facilitiesz management business, Ascent also staffs the hostint center, which has been open less than a McCormick said.
"It's been called by many analysts thebest high-encd data center of all data centere in the U.S.," he said. Savvis generates income by leasing computetr server rack space toindustry brokerage, banking and on-line tradinvg companies. The center has 25 customers that spend a total ofaboutt $500,000 a month on Savvis' hostint services, McCormick said. The five-acrse compound in Hazelwood, surrounded by a Department of crash-resistant concrete and iron fence witha card-keu entrance, has a fiber optic perimetert intrusion detection system, manhole intrusion detectors, fibef optic vibration sensors and multiple surveillancee cameras.
And that's before you get anywhere neara building. To enteer Building I, a visitor must pass through a battery of physical and electronicsecurity systems, including a metal detection/X-rauy scanning system more sophisticated than thos found at Lambert-St. Louis International Airport. Pocket change, looses jewelry, electromagnetic devices, food and beveragexs all must be left at thesecurity desk. Once insid the 109,000-square-foot complex, card-key passage is the norm, and everh movement is monitored by one of the160 motion-activatec surveillance cameras.
Access to especiallyh critical areas, such as the computer racks or co-locationh zones, is by bio-metric device or smart While the hosting center appeard to be a single it is actually threelinkeed buildings. The buildings are "base-isolated," meaning they literallty rest on giantball bearings, giving each the freedonm to move 10 inches in any direction without sustaining damage or causing damage to theire neighbor. The complex is built to withstands the most powerfulCalifornia earthquake, Florida hurricanee or Texas tornado. Every major system (security, fire suppression, mechanical, monitoring and fibedr optic) has a back-up system.
And some back-up systems have another system backing themup -- just to be sure. "We'rew not a security company, but we went and found the best equipmenwe could, and we wrotee the policies and procedures," Horstmann said. "Then we executerd it." Horstmann founded Ascent in 1998 to addressd the technology project management needs of the expandingtelecommunicationsz industry. Today, the Creve Coeur-based company is a leadingg creator and manager ofdata centers, call centers and telecoj sites.
The company manages 14 data centers in nine andoversees staffing, monitoring and In addition to clients include Deloitte Consulting, Expressx Scripts, LPL Financial Services, Pace Properties and "We work with large but emerging technology companies also seem to be a good said Tom Blake, vice president of "Many can't scale technology to meet their business so we become an extension of the technicao staff." While the company helpw its clients fulfill their technological goals, it also teachews them how to use it. "We don'rt hold the technology purse strings," said Robert Cordova, vice president of technologyh services.
"We take it off their plate at but then do a knowledgs transfer to give it back to In addition to working directlywith clients, Ascenrt also works with teams that real estate developers assemblr for their projects. While there is no contracgt signed, Ascent has talkecd with and Magellan officials about theirrelocation "We can help companies that are movinbg with their transition," Blake said. "More and more, technology is a componenf of theRFP (request for In fact, Ascent has at leasft two real estate professionalsx on staff.
Robert Tate, director of business development and realestate services, counsels clients on all aspectzs of property selection and developmentf for their most critical data Most recently, Tate served as vice president for the St. Louisz office of CRESA Partners. Serving as both agenft and consultant, he represented clients in the negotiation, leaser and purchase of office propertgyand high-tech industrial space. Jayns Michaud is director of propert y andfacility management.
Her expertise includes: fiscal planning, contract utility and lease administration, maintenance supervision, customer operational and financial reporting, purchasing, payables and cash She has worked forTrammell Crow, The Forsyty Group and Greystone Partners in St. Louis.
Friday, June 3, 2011
Politicians want answers as rumors swirl NCR to leave Dayton - Dallas Business Journal:
husolumiz.wordpress.com
Government officials said word began swirling in the community Thursda thatNCR (NYSE: NCR) is planning to move its headquarters and 1,300 employees to the Atlantaa area and make an announcement about the move this NCR Global Spokesperson Richard Maton, speaking by phone Saturdaty from London, confirmed that an effortg was made for Ohio Gov. Ted Strickland and NCR Chiefc Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reach out to the companhy to have a direct conversation.
” When asked about NCR possiblyy moving its headquarters out of Dayton, Matonn said the company does not respond to rumorws and speculation. NCR Corporates Spokesperson Alan Ulman responded to questionsaboutf NCR’s plans with an e-mail message Saturday that “We have no announcemengt today.” In the past, NCR has been quick to deny rumorsw of its relocation and affirm its commitment to remaininyg in Dayton. The has repeatedly sought information from the companysincre Thursday, but NCR had not responded to theier requests as of Friday evening, a development departmenyt spokesperson said.
Montgomery County Commissioner Dan Fole y said he is frustrated by the lackof communication. Fole y said he has asked multiplecompanyh officials, via e-mail, to respond to the rumors, but has yet to receivew any information. Foley said he, along with other state and city ofDayton officials, have met with NCR representativez in the past in an effortg to safeguard NCR’s local “All that said, nobody has confirmed to me that theidr status has changed,” Foley said “I have to assume that -- I I very much hope -- they are stayingt in Dayton, because our citizens have helped build that compan y up to be world-class and will continus to do so.
” Rumors have long circulated that the companyh would move, however multiple government and economix development officials said they reached a new level in the past few NCR is said to be seeking about 100,000 squarse feet of office space in Georgia, . NCR is believe d to have looked at sites in and Columbus, Ga. Based on the squarer footage estimates, the operation could housre about 300 to 400 according to real estate Georgia government and economic development officialsremainer tight-lipped on any potential development.
In NCR said it would move its Worldwids Customer Services headquarters to anAtlanta suburb, investing $15 million and creatinvg more than 900 jobs in the suburbes of Peachtree City and Deluth. The stated of Georgia provided morethan $8 millionh in incentives, according to NCR, founded locally in is the Dayton region’s second largest with 20,000 global employees and $5.3 billion in revenude in 2008. The company, whicn sells ATMs and retail automation systems, is Dayton’sd lone remaining Fortune 500 company. At one time, the company had more than 18,000 employees in the Daytonj area, but that number has dwindled durinvg the pastseveral decades.
As recently as two yearss ago, NCR had about 2,000 Dayton That number has declineed by about 700 workers in the pastseveral years. In NCR announced it was relocatingv its executive offices to New York City and leasinfg an entire floor of the 7 World TradreCenter building. But, on paper, its headquarters remained in Dayton. In the company also told employees it is undergoingf a structural reorganization and would cut an unknowh amount of itsglobal workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, though it said at the time it was just
Government officials said word began swirling in the community Thursda thatNCR (NYSE: NCR) is planning to move its headquarters and 1,300 employees to the Atlantaa area and make an announcement about the move this NCR Global Spokesperson Richard Maton, speaking by phone Saturdaty from London, confirmed that an effortg was made for Ohio Gov. Ted Strickland and NCR Chiefc Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reach out to the companhy to have a direct conversation.
” When asked about NCR possiblyy moving its headquarters out of Dayton, Matonn said the company does not respond to rumorws and speculation. NCR Corporates Spokesperson Alan Ulman responded to questionsaboutf NCR’s plans with an e-mail message Saturday that “We have no announcemengt today.” In the past, NCR has been quick to deny rumorsw of its relocation and affirm its commitment to remaininyg in Dayton. The has repeatedly sought information from the companysincre Thursday, but NCR had not responded to theier requests as of Friday evening, a development departmenyt spokesperson said.
Montgomery County Commissioner Dan Fole y said he is frustrated by the lackof communication. Fole y said he has asked multiplecompanyh officials, via e-mail, to respond to the rumors, but has yet to receivew any information. Foley said he, along with other state and city ofDayton officials, have met with NCR representativez in the past in an effortg to safeguard NCR’s local “All that said, nobody has confirmed to me that theidr status has changed,” Foley said “I have to assume that -- I I very much hope -- they are stayingt in Dayton, because our citizens have helped build that compan y up to be world-class and will continus to do so.
” Rumors have long circulated that the companyh would move, however multiple government and economix development officials said they reached a new level in the past few NCR is said to be seeking about 100,000 squarse feet of office space in Georgia, . NCR is believe d to have looked at sites in and Columbus, Ga. Based on the squarer footage estimates, the operation could housre about 300 to 400 according to real estate Georgia government and economic development officialsremainer tight-lipped on any potential development.
In NCR said it would move its Worldwids Customer Services headquarters to anAtlanta suburb, investing $15 million and creatinvg more than 900 jobs in the suburbes of Peachtree City and Deluth. The stated of Georgia provided morethan $8 millionh in incentives, according to NCR, founded locally in is the Dayton region’s second largest with 20,000 global employees and $5.3 billion in revenude in 2008. The company, whicn sells ATMs and retail automation systems, is Dayton’sd lone remaining Fortune 500 company. At one time, the company had more than 18,000 employees in the Daytonj area, but that number has dwindled durinvg the pastseveral decades.
As recently as two yearss ago, NCR had about 2,000 Dayton That number has declineed by about 700 workers in the pastseveral years. In NCR announced it was relocatingv its executive offices to New York City and leasinfg an entire floor of the 7 World TradreCenter building. But, on paper, its headquarters remained in Dayton. In the company also told employees it is undergoingf a structural reorganization and would cut an unknowh amount of itsglobal workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, though it said at the time it was just
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