http://www.susangabriel.com/blog/writers-and-writing/the-divine-dance-of-avoidance/
John DiNome, a partnerd in the Pittsburgh-based law firm’s Philadelphia office, withdrew his candidach for managingpartner Tuesday. The announcement was made internallyu via an internal joint announcement issued by DiNome and incumbenttGregory Jordan. Jordan, who completes his thirds three-year term Dec. 31, will run unopposed for his fourtn term. “They sat down and talkexd and discovered they had a lot ofcommomn ground,” said Reed Smith Chief Marketing Officer Davix Egan. “Many of the things John was concerned about, Greg as workint on.
They agreed that the best thing for the firm was to focuse on business instead of Reed Smithis Pittsburgh’s second-largest law firm and eighth-largest private company, During Jordan’s tenure, Reed Smith grew from a regiona firm with 500 lawyers in nine officezs to an international powerhouse with 1,683 lawyers in 23 It had 2008 revenue of $980 million. Like many internationalo law firms, Reed Smith has been affected bythe recession, cutting support stafrf and 26 associates over the past year. across the U.S.
by 10 percent, effective in
Sunday, October 31, 2010
Saturday, October 30, 2010
WEG leaves intangible legacy of self-assurance - Business Lexington
http://www.pyramidartists.com/news/other-news/177-whos-the-greatest.html
WEG leaves intangible legacy of self-assurance Business Lexington Lexington, KY - I was writing this commentary about the World Equestrian Games, and after several false starts, I realized why it was ... |
Thursday, October 28, 2010
Multimedia firm Curtis Inc. consolidates space, upgrades equipment - Business Courier of Cincinnati:
wilhelminadora4287.blogspot.com
million to consolidate its operations in The company, with 21 previously had a production facility at 2025 Readingh Road, which it has relocated to 1105 Western Ave. And Curtis alread owned a building at 1155Western Ave., where it had a full-servicwe production stage. The company has combined the two, and it now will do all of its productiobin 20,000 square feet on Western Avenue. “Wr gutted one building and refurbished it into studios with muchbettedr workflow,” said CEO Curtis Sellers. Sellers owns the space on Western Avenue a 12,000-square-foot building and an 8,000-square-footf one. Thus, Sellers said, the move loweredd his overhead.
The firm also spentr $300,000 on high-definition video and audio recordinequipment upgrades. Curtis, founded in 1985 as a video duplication company, also has a new digital audio recording studio withfloating floor, suspended ceiling and adjustablre acoustics. The firm financedd the projectthrough . For several Curtis has been a partnerfor , a Loveland-based distributorf of equipment and supplies to the printing and publishintg industries, said Cara Tanner, spokeswoman for Xpedx. The videos are used in presentationzs and tradeshow exhibits.
“The challenge is that our businesxs is very hardto explain,” Tanner “They talk about the 30-second elevator speech, and we have abouyt eight of those because of the scop of our business. Curtis has been good at pickin up whowere are, what we do and who we’re speaking to.” About 80 percent of clients are based in Greateer Cincinnati, but the company’s staff members also have workedd in more than 30 countries.
million to consolidate its operations in The company, with 21 previously had a production facility at 2025 Readingh Road, which it has relocated to 1105 Western Ave. And Curtis alread owned a building at 1155Western Ave., where it had a full-servicwe production stage. The company has combined the two, and it now will do all of its productiobin 20,000 square feet on Western Avenue. “Wr gutted one building and refurbished it into studios with muchbettedr workflow,” said CEO Curtis Sellers. Sellers owns the space on Western Avenue a 12,000-square-foot building and an 8,000-square-footf one. Thus, Sellers said, the move loweredd his overhead.
The firm also spentr $300,000 on high-definition video and audio recordinequipment upgrades. Curtis, founded in 1985 as a video duplication company, also has a new digital audio recording studio withfloating floor, suspended ceiling and adjustablre acoustics. The firm financedd the projectthrough . For several Curtis has been a partnerfor , a Loveland-based distributorf of equipment and supplies to the printing and publishintg industries, said Cara Tanner, spokeswoman for Xpedx. The videos are used in presentationzs and tradeshow exhibits.
“The challenge is that our businesxs is very hardto explain,” Tanner “They talk about the 30-second elevator speech, and we have abouyt eight of those because of the scop of our business. Curtis has been good at pickin up whowere are, what we do and who we’re speaking to.” About 80 percent of clients are based in Greateer Cincinnati, but the company’s staff members also have workedd in more than 30 countries.
Wednesday, October 27, 2010
Shank and DeathSpank out on PC News - Eurogamer.net
ramsdenjerrieas54.blogspot.com
Eurogamer.net | Shank and DeathSpank out on PC News Eurogamer.net Each costs £9.99 on Steam, and there's a demo of Shank to try before you buy. DeathSpank is the better of the two. It's an action RPG bossed by Ron Gilbert ... |
Monday, October 25, 2010
$24 Million To Create Safe Routes To School - KRCRTV.COM
http://www.salcantay.net/nature/2004/12/
$24 Million To Create Safe Routes To School KRCRTV.COM The funding will pay for new crosswalks, curb ramps, sidewalks, bicycle paths, traffic signals, flashing beacons, signs, striping, and pedestrian countdown ... County in line for $600K to make walking and biking to school safer |
Sunday, October 24, 2010
CFares raises $4.5M, names president - Silicon Valley / San Jose Business Journal:
http://www.elearning-source.com/57/9
million and named a former Americanb Airlines execas president. Redwooc City-based cFares said the round was ledby Oakland-based . Also participatinvg was previous investorPalo Alto-based . New Presiden t Naren Nath most recently served as chairmanof Texas-based Inc., a specialty and customized tour He also served in executive positions at Austin, Texas-basefd Trilogy Software Inc., Redmond, Wash.-based Microsoftr Corp. (NASDAQ:MSFT), and American Airlines Inc. (NYSE:AMR). In the company named Michael W. Gunn as a membefr of its advisory board. Gunn is widelhy credited with introducing the industry to the conceptof "frequent flyers," now ubiquitouds across most airlines.
Before retirinb in September 2002, he served as America Airlines' executive vice president, marketing and The company, which was founded in 2005, said it integrates technology, travel-bases search, and previously untapped sourcesafor airfares, such as consolidators and wholesalers to provide userzs information on the best airfares.
million and named a former Americanb Airlines execas president. Redwooc City-based cFares said the round was ledby Oakland-based . Also participatinvg was previous investorPalo Alto-based . New Presiden t Naren Nath most recently served as chairmanof Texas-based Inc., a specialty and customized tour He also served in executive positions at Austin, Texas-basefd Trilogy Software Inc., Redmond, Wash.-based Microsoftr Corp. (NASDAQ:MSFT), and American Airlines Inc. (NYSE:AMR). In the company named Michael W. Gunn as a membefr of its advisory board. Gunn is widelhy credited with introducing the industry to the conceptof "frequent flyers," now ubiquitouds across most airlines.
Before retirinb in September 2002, he served as America Airlines' executive vice president, marketing and The company, which was founded in 2005, said it integrates technology, travel-bases search, and previously untapped sourcesafor airfares, such as consolidators and wholesalers to provide userzs information on the best airfares.
Friday, October 22, 2010
GE Oil & Gas consolidates brands - Houston Business Journal:
http://najmiehskitchen.com/art/hsit.html
The move affects , and , which will ceasse to exist as independentlynamed companies. The brand will be shifted to theproduct names. For GE Oil & Gas will now sell a “VetcoGray fullborse subsea wellhead system,” or a “Hydril pressure control blowoutt preventer.” “The whole initiative is to reallyy streamline,” said Chau Nguyen, a Houston-based marketing manager for drillinfgand production, which essentially is a department former from the acquisitions of VetcoGray and GE Oil & Gas acquired VetcoGrat in January 2007 for $1.9 billion, and Hydril in Apriol 2008 for $1.1 billion.
“We’re takint (the brand) to the product holding on to the valud of the name but offerinh it through GEOil & Nguyen said. “We’re keeping and leveraging the brand.”
The move affects , and , which will ceasse to exist as independentlynamed companies. The brand will be shifted to theproduct names. For GE Oil & Gas will now sell a “VetcoGray fullborse subsea wellhead system,” or a “Hydril pressure control blowoutt preventer.” “The whole initiative is to reallyy streamline,” said Chau Nguyen, a Houston-based marketing manager for drillinfgand production, which essentially is a department former from the acquisitions of VetcoGray and GE Oil & Gas acquired VetcoGrat in January 2007 for $1.9 billion, and Hydril in Apriol 2008 for $1.1 billion.
“We’re takint (the brand) to the product holding on to the valud of the name but offerinh it through GEOil & Nguyen said. “We’re keeping and leveraging the brand.”
Thursday, October 21, 2010
Beet truck driver rolls semi, pinned inside cab - West Central Tribune
http://www.hondasclub.com/seat-belt-recall
Beet truck driver rolls semi, pinned inside cab West Central Tribune GLENWOOD â€" A beet truck driver was pinned in the cab of his semi for nearly an hour following a rollover Wednesday afternoon in Pope County. ... |
Wednesday, October 20, 2010
Kingpin investors raise energy stakes - Kansas City Business Journal:
http://www.borisnew.org/article/Bella-bambino--Maseratit%80%99s---.html
A bevy of high-profile assetg managers and hedge fund gurus returned to buyingf mode after taking financial lumps in the secondx half of 2008 when the value of energu company shares tanked alon g with the price of oil andnaturalo gas. Prominent investors such as all-star asset manager Paul Tudorf Jones, energy maverick T. Boone Pickenx and hedge fund investor George Soros dipped their toes in the energyu pool once again and grabbed multiple stakes in Houston according to regulatory statements filedthis Jones, who oversees Tudor Investment Corp.
, found bargainsw in 10 Houston-based energy companies or major playersw with a significant presence in the region, and also took a new positio n in Waste Management Inc., still a big favoritee of Microsoft Corp. founder Bill Gates. who has spent the past 12 monthds lobbying for his plan to help the country kick the importedoil habit, still knows a fossil-fuelo bargain when he sees one. The Texas oil maven took new positionz in a wide range of energg companieswith beaten-down stock prices at the end of a year that the bellwethe r Philadelphia Oil Service Index dipped nearly 60 percent. Pickenws dabbled in services players such asSchlumberger Ltd. and Halliburtoh Co.
, natural gas shale producer ChesapeakeEnergy Corp. and high-profile exploration and production company AnadarkoPetroleum Corp. Sorosx took even bigger bites inthe process, gaininv new positions in services players Nabors Industriee Ltd. and Weatherford International Inc. — aftet selling off his Schlumbergedstake — while adding to his positiob in . Besides his substantial switch into Soros made another big move in late Aprip involvinga Houston-based companty by adding 3 million more shares of Plains Explorationm and Production Co., boosting his stake to nearlhy 6.5 million shares.
Energy analystsx and asset investment managers who follow thesew movers and shakers say that after energt stock prices kept climbing in 2007 toward loftyt highsin mid-2008, it’s been a whilde since the notion of value investing could be appliedf to the sector. “Timing is everything,” says Eddiew Allen, senior partner with Eagled GlobalAdvisors LLC. “There may have been an over-reaction in the fall with the sell-of of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this year, from the mid-$30zs to $60.
” Allen says that value investors are still playinb a bit of a waiting game. He notes that stocj prices are down, natural gas has not followerd oil’s recovery in 2009, and there are concernzs that prices could stay depressed asinventoriee build. There is also more speculation, he about possible consolidationas mid-cap exploration and production companies eye the pickings among smaller competitors. Dan co-president and head of researchat Tudor, Holt & Co. Securities Inc., says Pickens, Soros and Tudo might have even added more shares durin the quarter if energy stocks had not rallied and moved a bit higherthan expected.
“The market took off so stronglgy in the first quarter that investors took a pause waitingy for a pullback thatneverr came. They might have wanted more but the stocksz got away a little bit onthe upside,” Pickering All things considered, energy was the hottest investmentr game in town. Says Pickering: “Th e overall theme here is that investors became reengagedin energy, whichn dramatically out-performed the rest of the market in the first as people were just less terrified aboutf the state of the world (economy).” The energt resurgence party had some notable While Pickens and Soros were picking new other big-name investors were stilll cleaning house.
Warren Buffett sold 13.7 million ConocoPhillipa shares in the quarter to reduce his stak e to a stillsizable 71.2 milliohn shares. Buffet conceded to shareholdersw of his BerkshireHathaway Inc. asset management firm that his huge investmen t in ConocoPhillips last year when oil prices peakexat $147 a barrel was a mistake.
A bevy of high-profile assetg managers and hedge fund gurus returned to buyingf mode after taking financial lumps in the secondx half of 2008 when the value of energu company shares tanked alon g with the price of oil andnaturalo gas. Prominent investors such as all-star asset manager Paul Tudorf Jones, energy maverick T. Boone Pickenx and hedge fund investor George Soros dipped their toes in the energyu pool once again and grabbed multiple stakes in Houston according to regulatory statements filedthis Jones, who oversees Tudor Investment Corp.
, found bargainsw in 10 Houston-based energy companies or major playersw with a significant presence in the region, and also took a new positio n in Waste Management Inc., still a big favoritee of Microsoft Corp. founder Bill Gates. who has spent the past 12 monthds lobbying for his plan to help the country kick the importedoil habit, still knows a fossil-fuelo bargain when he sees one. The Texas oil maven took new positionz in a wide range of energg companieswith beaten-down stock prices at the end of a year that the bellwethe r Philadelphia Oil Service Index dipped nearly 60 percent. Pickenws dabbled in services players such asSchlumberger Ltd. and Halliburtoh Co.
, natural gas shale producer ChesapeakeEnergy Corp. and high-profile exploration and production company AnadarkoPetroleum Corp. Sorosx took even bigger bites inthe process, gaininv new positions in services players Nabors Industriee Ltd. and Weatherford International Inc. — aftet selling off his Schlumbergedstake — while adding to his positiob in . Besides his substantial switch into Soros made another big move in late Aprip involvinga Houston-based companty by adding 3 million more shares of Plains Explorationm and Production Co., boosting his stake to nearlhy 6.5 million shares.
Energy analystsx and asset investment managers who follow thesew movers and shakers say that after energt stock prices kept climbing in 2007 toward loftyt highsin mid-2008, it’s been a whilde since the notion of value investing could be appliedf to the sector. “Timing is everything,” says Eddiew Allen, senior partner with Eagled GlobalAdvisors LLC. “There may have been an over-reaction in the fall with the sell-of of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this year, from the mid-$30zs to $60.
” Allen says that value investors are still playinb a bit of a waiting game. He notes that stocj prices are down, natural gas has not followerd oil’s recovery in 2009, and there are concernzs that prices could stay depressed asinventoriee build. There is also more speculation, he about possible consolidationas mid-cap exploration and production companies eye the pickings among smaller competitors. Dan co-president and head of researchat Tudor, Holt & Co. Securities Inc., says Pickens, Soros and Tudo might have even added more shares durin the quarter if energy stocks had not rallied and moved a bit higherthan expected.
“The market took off so stronglgy in the first quarter that investors took a pause waitingy for a pullback thatneverr came. They might have wanted more but the stocksz got away a little bit onthe upside,” Pickering All things considered, energy was the hottest investmentr game in town. Says Pickering: “Th e overall theme here is that investors became reengagedin energy, whichn dramatically out-performed the rest of the market in the first as people were just less terrified aboutf the state of the world (economy).” The energt resurgence party had some notable While Pickens and Soros were picking new other big-name investors were stilll cleaning house.
Warren Buffett sold 13.7 million ConocoPhillipa shares in the quarter to reduce his stak e to a stillsizable 71.2 milliohn shares. Buffet conceded to shareholdersw of his BerkshireHathaway Inc. asset management firm that his huge investmen t in ConocoPhillips last year when oil prices peakexat $147 a barrel was a mistake.
Monday, October 18, 2010
Pope Benedict to visit Ireland in the next two years – Vatican - Irish Central
http://bankinonline.com/en/finance/page_2.html
Kansas City Star | Pope Benedict to visit Ireland in the next two years â€" Vatican Irish Central Pope Benedict XVI has promised a visit to Ireland in the next two years, most likely during the Eucharistic Congress, after apologizing for not visiting the ... Pope: Would-Be Priests Must Not be Deterred by Sex Scandal Abuse scandal must not deter would-be priests: pope Pope Benedict on the Centrality of the Incarnation |
Sunday, October 17, 2010
Greater Miami Chamber to honor Maidique - Kansas City Business Journal:
martaemimbzini.blogspot.com
Chamber spokeswoman Lorraine Reigosa confirmef that the event honoring Maidique woul take placeon Feb. 23. Maidique was the longest-serviny state university president in Underhis watch, FIU has growjn to more than 38,000 students and launched the Colleg e of Law, College of Engineering, Schoool of Architectures, College of Medicine and a Divisio 1A football team. Past Sand in My Shoes recipientss includeAdolfo Henriques, Sherwoode W. “Woody” Weiser, Jayne and Leonardf Abess, Jorge M. Perez and Carlos Arboleya. The chamber established its Sand In My Shoe s awardin 1981.
The award goes to a community leaderr who has made significant contributions to the South Floridwa area and has demonstrated a deep love and commitmentt to the community as the best possiblw place to workand live. The chambe r also announced Thursday that it will give its communityt service award toSteven E. Eisenberg, a special counsel at Jones Walker.
Chamber spokeswoman Lorraine Reigosa confirmef that the event honoring Maidique woul take placeon Feb. 23. Maidique was the longest-serviny state university president in Underhis watch, FIU has growjn to more than 38,000 students and launched the Colleg e of Law, College of Engineering, Schoool of Architectures, College of Medicine and a Divisio 1A football team. Past Sand in My Shoes recipientss includeAdolfo Henriques, Sherwoode W. “Woody” Weiser, Jayne and Leonardf Abess, Jorge M. Perez and Carlos Arboleya. The chamber established its Sand In My Shoe s awardin 1981.
The award goes to a community leaderr who has made significant contributions to the South Floridwa area and has demonstrated a deep love and commitmentt to the community as the best possiblw place to workand live. The chambe r also announced Thursday that it will give its communityt service award toSteven E. Eisenberg, a special counsel at Jones Walker.
Friday, October 15, 2010
Insert "Seeing Stars" Joke Here - Stars 4 - Red Wings 1 - Winging It In Motown
tenganmodooo1324.blogspot.com
Insert "Seeing Stars" Joke Here - Stars 4 - Red Wings 1 Winging It In Motown by Amerinadian on Oct 14, 2010 10:43 PM CDT in Game Recaps The Red Wings went down to Dallas hoping to spoil another home opener, and instead found ... |
Thursday, October 14, 2010
McAfee launches online cybercrime aid for victims - Silicon Valley / San Jose Business Journal:
badillodacyroic1505.blogspot.com
Santa Clara-based McAfee (NYSE:MFE) cited Consumer Reports, whic said consumers in the United States have lost closto $8.5 billion over the last two yearw to cybercrime. “With physical crimes you know right away if your housew has been broken into or your car has been butwith cybercrime, it’s not that obvious. Most people don’t even know they’rd a victim, and they rarely know what to do said CEODave DeWalt. “The Cybercrime Response Unit isan ‘onlind 911’ that can triagse your situation and direct you to recovery. We’ll get you to the rightf resources immediately.
” The site also provides a forensid scanning tool basedon McAfee’e Global Threat Intelligence. It assessezs whether an individual has malware runningg on his or her computer or has visited malicious Web sites that may have stolennpersonal information. Specially-trained peoplw will be available live to assisyt victims by telephone in the mostserious cases, McAfe e said.
Santa Clara-based McAfee (NYSE:MFE) cited Consumer Reports, whic said consumers in the United States have lost closto $8.5 billion over the last two yearw to cybercrime. “With physical crimes you know right away if your housew has been broken into or your car has been butwith cybercrime, it’s not that obvious. Most people don’t even know they’rd a victim, and they rarely know what to do said CEODave DeWalt. “The Cybercrime Response Unit isan ‘onlind 911’ that can triagse your situation and direct you to recovery. We’ll get you to the rightf resources immediately.
” The site also provides a forensid scanning tool basedon McAfee’e Global Threat Intelligence. It assessezs whether an individual has malware runningg on his or her computer or has visited malicious Web sites that may have stolennpersonal information. Specially-trained peoplw will be available live to assisyt victims by telephone in the mostserious cases, McAfe e said.
Tuesday, October 12, 2010
Analysts question B&D stock - Kansas City Business Journal:
otomaqaqaba.blogspot.com
But these days, Black & Decker'sd toughest competitor may be Black & The Towson-based power tool and hardware company has perhaps one ofthe nation'z most recognizable brand Its stock has doubled in the past two surpassing $80 and ranking as one of last year' s top performers in the 500. Yet at leas t five analysts have downgraded the stocmk in the pastyear -- and many are askin g how much higher Black & Decker can go. Baltimore'zs Offutt Securities has downgraded the stock from to "hold.
" Black & Decker has made all the righrt moves, but the run-up in its pric led the firm to believe the stock will have a natural "breathin period" before rising again, President Bentlehy Offutt said. But Black Decker has plenty of fuel left in the said spokeswomanBarbara Lucas. After makingy its biggest-ever acquisition last year -- the $775 million buy of 's tools groulp -- Black & Decker is combing the group for ways to improve product lines and save And even afterthat buy, Black & Deckere generated a record $526 million in free cash flow last That means it has resources for more product development, stock buybacks and dividends -- all of whicyh drive stock price growth, Lucas said.
The toolmaker' s 2004 earnings rose 36 percent from ayear ago, and earningzs per share beat analysr estimates -- but shares slumpedc when that news hit, as some investord worried about a light sales Black & Decker hiked its first-quarter sale s forecast April 12, predicting sales will grow 39 percentf and earnings per share from continuiny operations will hit $1.3w to $1.35. It reports earnings Apri 28. Some in the investment community say the toolmaketr will continue topower ahead, lifterd by the economy: "Right now they're hittinh on all cylinders," said Ivan Feinseth of New York researcj firm Matrix USA LLC, which rates the stock a buy. "W see that continuing.
" Black & Decker stocl dipped into the single digits durint the1991 recession, according to analyst Lawrence Hora n of Parker/ in Pittsburgh, whicyh rates the stock "accumulate." But today the firm is prospering from an improving economy and home ownership at recordr levels. Construction firms -- many of which use Blac k & Decker's DeWalt professional brand -- are quickly wearinfg out tools. And as the surge in home-improvementt shows attests, John and Jane Homeownere are spending plenty of timein . Blacmk & Decker has muscled excessd costs out of the business througgh an intensive restructuring program launched in 2002 that it says hassaveed $155 million.
But that prograkm is near its end, and analystsx expect future cost savings will come asBlack & Deckerd looks for cuts at newly acquiref businesses. Last week, the company said it would closewa 675-employee plant in Fayetteville, N.C., as part of the Pentai integration. Black & Decker has a reputation for consistentl cranking out innovative newproducts -- key to futur growth as restructuring The DeWalt division recently introduced SiteLock, a wireless system that securezs various parts of a construction job DeWalt's construction customers struggled with theft of toolzs and equipment -- and the business set out to solve the which could have threatened its market said Bill Pugh, directoe of marketing for DeWalt's security business group.
SiteLocok went on sale in February, and sales are "in line with expectations," Pugh said. Expansionn into more job-site security products and otherd new business makes sense for he said: "As you get to highee market share, there's only so much more you can eke With its full pocketbook, Black & Decker "cahn steer acquisitions towards products, customers and markets where there is a littlse more growth," said analyst David S. MacGrego r of Cleveland-based , who has a neutral ratinb on the stock.
Deals would need to be "financiallyg and strategically compelling," said spokeswoman Asked about analyst doubt s regarding how much highe r the stockcan go, Lucase replied: "Many of them have said that for the last two yearws -- and look at what they'vd missed."
But these days, Black & Decker'sd toughest competitor may be Black & The Towson-based power tool and hardware company has perhaps one ofthe nation'z most recognizable brand Its stock has doubled in the past two surpassing $80 and ranking as one of last year' s top performers in the 500. Yet at leas t five analysts have downgraded the stocmk in the pastyear -- and many are askin g how much higher Black & Decker can go. Baltimore'zs Offutt Securities has downgraded the stock from to "hold.
" Black & Decker has made all the righrt moves, but the run-up in its pric led the firm to believe the stock will have a natural "breathin period" before rising again, President Bentlehy Offutt said. But Black Decker has plenty of fuel left in the said spokeswomanBarbara Lucas. After makingy its biggest-ever acquisition last year -- the $775 million buy of 's tools groulp -- Black & Decker is combing the group for ways to improve product lines and save And even afterthat buy, Black & Deckere generated a record $526 million in free cash flow last That means it has resources for more product development, stock buybacks and dividends -- all of whicyh drive stock price growth, Lucas said.
The toolmaker' s 2004 earnings rose 36 percent from ayear ago, and earningzs per share beat analysr estimates -- but shares slumpedc when that news hit, as some investord worried about a light sales Black & Decker hiked its first-quarter sale s forecast April 12, predicting sales will grow 39 percentf and earnings per share from continuiny operations will hit $1.3w to $1.35. It reports earnings Apri 28. Some in the investment community say the toolmaketr will continue topower ahead, lifterd by the economy: "Right now they're hittinh on all cylinders," said Ivan Feinseth of New York researcj firm Matrix USA LLC, which rates the stock a buy. "W see that continuing.
" Black & Decker stocl dipped into the single digits durint the1991 recession, according to analyst Lawrence Hora n of Parker/ in Pittsburgh, whicyh rates the stock "accumulate." But today the firm is prospering from an improving economy and home ownership at recordr levels. Construction firms -- many of which use Blac k & Decker's DeWalt professional brand -- are quickly wearinfg out tools. And as the surge in home-improvementt shows attests, John and Jane Homeownere are spending plenty of timein . Blacmk & Decker has muscled excessd costs out of the business througgh an intensive restructuring program launched in 2002 that it says hassaveed $155 million.
But that prograkm is near its end, and analystsx expect future cost savings will come asBlack & Deckerd looks for cuts at newly acquiref businesses. Last week, the company said it would closewa 675-employee plant in Fayetteville, N.C., as part of the Pentai integration. Black & Decker has a reputation for consistentl cranking out innovative newproducts -- key to futur growth as restructuring The DeWalt division recently introduced SiteLock, a wireless system that securezs various parts of a construction job DeWalt's construction customers struggled with theft of toolzs and equipment -- and the business set out to solve the which could have threatened its market said Bill Pugh, directoe of marketing for DeWalt's security business group.
SiteLocok went on sale in February, and sales are "in line with expectations," Pugh said. Expansionn into more job-site security products and otherd new business makes sense for he said: "As you get to highee market share, there's only so much more you can eke With its full pocketbook, Black & Decker "cahn steer acquisitions towards products, customers and markets where there is a littlse more growth," said analyst David S. MacGrego r of Cleveland-based , who has a neutral ratinb on the stock.
Deals would need to be "financiallyg and strategically compelling," said spokeswoman Asked about analyst doubt s regarding how much highe r the stockcan go, Lucase replied: "Many of them have said that for the last two yearws -- and look at what they'vd missed."
Monday, October 11, 2010
Winter Park apartments sell for $4M - Dallas Business Journal:
http://4youb.com/en/business/page_37.html
ONIC Golden Oaks LLC acquired the Goldej Oaks apartments from Golden Oaks AffordablePartnerd Ltd. and Golden Oaks of Florida LP May 18, accordinhg to Orange County records. Real Estats Investment Services Orlando agents Patrick Skinner andKevinm Yaryan, along with Washington agents Armanx Tiberio, Robert Sheppard and Spencer represented he seller, while Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhooed secured a $3.
7 million first mortgags through Seattle-based , a delegatexd underwriting andservicing lender, according to a news It also received $1 million in federapl housing funds from the Orange Count y Housing and Community Development Division plus additional mone y from NeighborWorks/E-America, a network of nonprofit organizationx promoting homeownership and neighborhood revitalization, the release said. Orlandok Neighborhood expects tospend $1 million improvinb Golden Oaks, which was built in the release said. Lane Management LLC, the property managemenyt arm of Atlanta-based Lane Co., will handle leasinhg and property management. The Orlando Neighborhoo d Improvement Corp.
is a nonprofit developer and owner of affordableand mixed-income housing propertiew in Central Florida. The organizatiomn has developedor co-developex 2,592 housing units and has 1,215 in its
ONIC Golden Oaks LLC acquired the Goldej Oaks apartments from Golden Oaks AffordablePartnerd Ltd. and Golden Oaks of Florida LP May 18, accordinhg to Orange County records. Real Estats Investment Services Orlando agents Patrick Skinner andKevinm Yaryan, along with Washington agents Armanx Tiberio, Robert Sheppard and Spencer represented he seller, while Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhooed secured a $3.
7 million first mortgags through Seattle-based , a delegatexd underwriting andservicing lender, according to a news It also received $1 million in federapl housing funds from the Orange Count y Housing and Community Development Division plus additional mone y from NeighborWorks/E-America, a network of nonprofit organizationx promoting homeownership and neighborhood revitalization, the release said. Orlandok Neighborhood expects tospend $1 million improvinb Golden Oaks, which was built in the release said. Lane Management LLC, the property managemenyt arm of Atlanta-based Lane Co., will handle leasinhg and property management. The Orlando Neighborhoo d Improvement Corp.
is a nonprofit developer and owner of affordableand mixed-income housing propertiew in Central Florida. The organizatiomn has developedor co-developex 2,592 housing units and has 1,215 in its
Saturday, October 9, 2010
Frisco nabs NBA minor league team - Minneapolis / St. Paul Business Journal:
batyushkinuxit.blogspot.com
The team was purchased by LLC and will play its home games at the Dr Pepper Aren beginning withthe 2010-2011 basketball The team will not play during the 2009-201o season. Donnie Nelson, president of basketball operations and general will serve as principal owner and operator of the The ownership group also includesEvan Wyly, chairman of . The acquisitionj and subsequent move to Frisco was officially announced by NBA Developmenf League President Dan Reedon Thursday.
“We’red very excited to be in Frisco, an area with deep fan supporty and a history of successfulsports teams,” Reed “We're thrilled to welcome such a well-respected and experience d group to the NBA D-League ownershiop ranks. Not only are Donnie Nelson’sx basketball credentials terrific, but he has assemblesd a group with impressive business credentialesas well. Donnie’s investment in an NBA D-League team is a greagt validation of bothour league’s past successd and future growth prospects.” The new owners plan to announced the team's new name, colors and along with the coaching staff, at a laterd date.
was formed in 2001 and includedr 16 minor league teams duringthe 2008-09 season.
The team was purchased by LLC and will play its home games at the Dr Pepper Aren beginning withthe 2010-2011 basketball The team will not play during the 2009-201o season. Donnie Nelson, president of basketball operations and general will serve as principal owner and operator of the The ownership group also includesEvan Wyly, chairman of . The acquisitionj and subsequent move to Frisco was officially announced by NBA Developmenf League President Dan Reedon Thursday.
“We’red very excited to be in Frisco, an area with deep fan supporty and a history of successfulsports teams,” Reed “We're thrilled to welcome such a well-respected and experience d group to the NBA D-League ownershiop ranks. Not only are Donnie Nelson’sx basketball credentials terrific, but he has assemblesd a group with impressive business credentialesas well. Donnie’s investment in an NBA D-League team is a greagt validation of bothour league’s past successd and future growth prospects.” The new owners plan to announced the team's new name, colors and along with the coaching staff, at a laterd date.
was formed in 2001 and includedr 16 minor league teams duringthe 2008-09 season.
Friday, October 8, 2010
Chase ups business focus - Portland Business Journal:
clarityviellegq67.blogspot.com
Gone are the brightly colored signsproclaiming “Whool hoo!” at every branch, replace d by Chase’s more somber emphasis on strength and stability througy its “The Way Forward” Underpinning the marketing shift is Chase’s effort to aggressively expanxd in areas that WaMu largely In an interview with the Portland Business Journal, newly hired Pacific Northwesyt Chairwoman Phyllis Campbell outlined Chase’s Oregojn strategy — which will result in new midsizes business services, additional wealth management offerings, cuts to charitable givingv and a more staid approacgh to branch-based banking. Campbell, who was presidenyt of U.S.
Bank in Washington from 1991 to left the nonprofit Seattle Foundation in Aprill tojoin Chase. She now travels regularlg from Chase’s Seattle office to Portland to meet with the fledginfg commercialbusiness team. The group, based will provide services to businesseswith $5 million to $500 milliom in annual revenue. In addition to large loans, it will offere cash management services that are now largel the purview ofWells Fargo, Bank of America and U.S. Scheduled to open its doors by the commercial business unit will face achallenging “So much of our success, and everybody’s will be tied to the recovery in the Campbell said.
“Because cash flow is so tighty atmany businesses, we don’t know how many dealsd we can do.” Despite this challenge, Lindw Navarro, president and CEO of the , applaudedc Chase’s expansion into commercial “Going into this recession, abouy 70 percent of the United Statesx credit market was not controlled by traditional banks,” Navarr said. “A lot of that credit has dried up, but credit still needs to be extendeds to the business Chase also plans to enter an even more crowdeedarena — wealth management with investment services targetesd at people with more than $5 million in investabler assets.
In addition to other big banks, Chasd will compete with dozens of establisherd specialty firms as it pursues these As the bank seeks out customerz for these newbusiness lines, it must also work hard to hold on to the traditionakl deposits-and-loans business that it acquired when Washington Mutual failed in September 2008. WaMu lost $104.7 million in Portland-area depositsz from June 2007 toJune 2008, and fell from the area’es third largest bank to fourth. Since deposits have climbed at other banks and credir unions in the metro which their executives attribute to moves by former WashingtonnMutual customers. As of June 30, Chase had $4 billion in deposits in the metrl area.
By the end of this month, when the Federap Deposit Insurance Corp. takes its next market share snapshot, Chase’s Portland deposits are likelyh to be even Yet Campbell expects that Chasse will still be amongthe area’s top five bankes — the others are Bank of America, U.S. Bank, Wells Fargo and KeyBank. Measuring Chase’sa lending success is more The bankissued $900 million in Oregobn loans, largely through home mortgages, in the first quarte of 2009. But most of these mortgages will be soldto investors, and Chasew is not making its net loan growthn available.
Washington Mutual did not releasd region-specific lending data, so it’s impossible to say whether loca lending is up or down from ayear ago. Chase’sw corporate giving, however, will be measurablyt less this year. In 2007, Washington Mutual made $1.3 millionn in cash contributions to local and averaged more than one hour per worket of pro bonovolunteer service. Though Chase pledged to match priot year giving in Washingtonwith $2.645 million in 2009 contributions, the bank plans to give away only $500,000 in Oregon this year.
That number shouls increase in 2010, Campbell This matches a broader pattern incorporate giving, said Christine executive director of the Oregon and Southwest Washington affiliate of Susan G. Komenh for the Cure. Local corporatee giving is down about 25 percent in the past McDonald said, which is creating challenges for many The nature of Chase sponsorships is also Washington Mutual often sponsored community events, whereas Chasew will focus more on businesas community sponsorships.
Fresh off the fastest majofr bank conversionin history, in many ways Chase is still finding its footing in The bank has spent $26 million to give its new branchesw the Chase look, trained more than 1,000 employeeds on new systems and operations, and over Memorial Day weekend it transferred online accountzs from wamu.com to chase.com. Through this the rapid transformation will continud as Chase establishes its commercial banking and wealthmanagement divisions. It will take untilp 2010 for the New York institution to catcg its breath and focus onsustainable long-term plans for the Campbell said.
Those plans include growth beyonxd the 105 branches in Oregon and 15 inSouthwest “We certainly don’t want to build a new brancuh from scratch,” Campbell said. “A lot of smallerf community banks really need to raise so I have no doubt that there willbe opportunities.”
Gone are the brightly colored signsproclaiming “Whool hoo!” at every branch, replace d by Chase’s more somber emphasis on strength and stability througy its “The Way Forward” Underpinning the marketing shift is Chase’s effort to aggressively expanxd in areas that WaMu largely In an interview with the Portland Business Journal, newly hired Pacific Northwesyt Chairwoman Phyllis Campbell outlined Chase’s Oregojn strategy — which will result in new midsizes business services, additional wealth management offerings, cuts to charitable givingv and a more staid approacgh to branch-based banking. Campbell, who was presidenyt of U.S.
Bank in Washington from 1991 to left the nonprofit Seattle Foundation in Aprill tojoin Chase. She now travels regularlg from Chase’s Seattle office to Portland to meet with the fledginfg commercialbusiness team. The group, based will provide services to businesseswith $5 million to $500 milliom in annual revenue. In addition to large loans, it will offere cash management services that are now largel the purview ofWells Fargo, Bank of America and U.S. Scheduled to open its doors by the commercial business unit will face achallenging “So much of our success, and everybody’s will be tied to the recovery in the Campbell said.
“Because cash flow is so tighty atmany businesses, we don’t know how many dealsd we can do.” Despite this challenge, Lindw Navarro, president and CEO of the , applaudedc Chase’s expansion into commercial “Going into this recession, abouy 70 percent of the United Statesx credit market was not controlled by traditional banks,” Navarr said. “A lot of that credit has dried up, but credit still needs to be extendeds to the business Chase also plans to enter an even more crowdeedarena — wealth management with investment services targetesd at people with more than $5 million in investabler assets.
In addition to other big banks, Chasd will compete with dozens of establisherd specialty firms as it pursues these As the bank seeks out customerz for these newbusiness lines, it must also work hard to hold on to the traditionakl deposits-and-loans business that it acquired when Washington Mutual failed in September 2008. WaMu lost $104.7 million in Portland-area depositsz from June 2007 toJune 2008, and fell from the area’es third largest bank to fourth. Since deposits have climbed at other banks and credir unions in the metro which their executives attribute to moves by former WashingtonnMutual customers. As of June 30, Chase had $4 billion in deposits in the metrl area.
By the end of this month, when the Federap Deposit Insurance Corp. takes its next market share snapshot, Chase’s Portland deposits are likelyh to be even Yet Campbell expects that Chasse will still be amongthe area’s top five bankes — the others are Bank of America, U.S. Bank, Wells Fargo and KeyBank. Measuring Chase’sa lending success is more The bankissued $900 million in Oregobn loans, largely through home mortgages, in the first quarte of 2009. But most of these mortgages will be soldto investors, and Chasew is not making its net loan growthn available.
Washington Mutual did not releasd region-specific lending data, so it’s impossible to say whether loca lending is up or down from ayear ago. Chase’sw corporate giving, however, will be measurablyt less this year. In 2007, Washington Mutual made $1.3 millionn in cash contributions to local and averaged more than one hour per worket of pro bonovolunteer service. Though Chase pledged to match priot year giving in Washingtonwith $2.645 million in 2009 contributions, the bank plans to give away only $500,000 in Oregon this year.
That number shouls increase in 2010, Campbell This matches a broader pattern incorporate giving, said Christine executive director of the Oregon and Southwest Washington affiliate of Susan G. Komenh for the Cure. Local corporatee giving is down about 25 percent in the past McDonald said, which is creating challenges for many The nature of Chase sponsorships is also Washington Mutual often sponsored community events, whereas Chasew will focus more on businesas community sponsorships.
Fresh off the fastest majofr bank conversionin history, in many ways Chase is still finding its footing in The bank has spent $26 million to give its new branchesw the Chase look, trained more than 1,000 employeeds on new systems and operations, and over Memorial Day weekend it transferred online accountzs from wamu.com to chase.com. Through this the rapid transformation will continud as Chase establishes its commercial banking and wealthmanagement divisions. It will take untilp 2010 for the New York institution to catcg its breath and focus onsustainable long-term plans for the Campbell said.
Those plans include growth beyonxd the 105 branches in Oregon and 15 inSouthwest “We certainly don’t want to build a new brancuh from scratch,” Campbell said. “A lot of smallerf community banks really need to raise so I have no doubt that there willbe opportunities.”
Wednesday, October 6, 2010
White House issues guidance on greenhouse gas emissions - GovExec.com
http://rutgersaaup.org/Job_action_vote_letter.htm
White House issues guidance on greenhouse gas emissions GovExec.com The guidance established reporting requirements for greenhouse gas emissions and is accompanied by a separate technical support document that describes ... CEQ Releases Guidance on Measuring Agencies' Greenhouse Gas Emissions White House issues guidance to measure agencies' greenhouse gas emissions |
Tuesday, October 5, 2010
Solar + tunes = energy efficient concert series - Houston Business Journal:
http://e-book-sviyash.com/books/1/page8.html
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republic Squard Park while sharing the spotlight with an unlikelyperformefr — solar power. The Solart Powered Concert Series isa new, free musixc series created by Greg of Pro Show Live, and event production veteran Marshq Milam that places solar power on This is the first solar powered concergt series for Milam, who felt that Austin wouldx be the ideal place to test such Marsha Milam Music produces KGSR’s “Unplugged at the Grove” and otherr concerts throughout Texas. “Austin is such a greeh city itself, the residents are environmentally Milam said.
“I do a number of musicc series and I thought Austin would be the plac e toembrace this.” To achievre the goal of clean power, the downtown park is outfittedx with solar powered sound systems and lighting systeme with LED lights. Milam declinex to disclose how much has been invested inthe carbon-neutraol concert series, saying only that costd are about 25 percent more than a typicall concert series. “Our goal for this was to provre that we cando it,” Milam said, conceding that she didn’t start marketing the series until the second show to make sure that the equipmenty functioned properly.
“What I’ve noticed is that the energy is so and it makesa There’s no stage she said. “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a providefr of solar powered sound, lighrt and production equipment, for the concerr series. Sustainable Waves also has a sales officee inSan Diego, Calif. Cody Murray, of Sustainable Waves, said that the company’a services were utilized at severalo events duringthis year’s SXSW Music It’s also brought its solar power equipment to Las Vegas-basee N9NE Group’s events, Vans Warped Tour and the New Belgiuk Brewery’s Tour de Fat.
For the Solar Powet Concert Series, Sustainable Wave’s utilized 44,000 watt PA Sponsorship for this year’s Solad Powered series was on thelighter side, but Milan said that she’s hearing positive feedback from prospectivd sponsors who want to be associated with a greeb music event. “This is our vision. You have to get out there and go through the labor painsx and find out what works and what she said. “Our goal is very clear; This isn’t a one year thinyg for us.” The concert series is free, but donationz are being accepted for BlueDog Rescue, an Austin-aresa dog foster organization.
There are two shows left, Fastball and The Blacm and White Years onJune 10, and Arc Angels on June 24.
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republic Squard Park while sharing the spotlight with an unlikelyperformefr — solar power. The Solart Powered Concert Series isa new, free musixc series created by Greg of Pro Show Live, and event production veteran Marshq Milam that places solar power on This is the first solar powered concergt series for Milam, who felt that Austin wouldx be the ideal place to test such Marsha Milam Music produces KGSR’s “Unplugged at the Grove” and otherr concerts throughout Texas. “Austin is such a greeh city itself, the residents are environmentally Milam said.
“I do a number of musicc series and I thought Austin would be the plac e toembrace this.” To achievre the goal of clean power, the downtown park is outfittedx with solar powered sound systems and lighting systeme with LED lights. Milam declinex to disclose how much has been invested inthe carbon-neutraol concert series, saying only that costd are about 25 percent more than a typicall concert series. “Our goal for this was to provre that we cando it,” Milam said, conceding that she didn’t start marketing the series until the second show to make sure that the equipmenty functioned properly.
“What I’ve noticed is that the energy is so and it makesa There’s no stage she said. “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a providefr of solar powered sound, lighrt and production equipment, for the concerr series. Sustainable Waves also has a sales officee inSan Diego, Calif. Cody Murray, of Sustainable Waves, said that the company’a services were utilized at severalo events duringthis year’s SXSW Music It’s also brought its solar power equipment to Las Vegas-basee N9NE Group’s events, Vans Warped Tour and the New Belgiuk Brewery’s Tour de Fat.
For the Solar Powet Concert Series, Sustainable Wave’s utilized 44,000 watt PA Sponsorship for this year’s Solad Powered series was on thelighter side, but Milan said that she’s hearing positive feedback from prospectivd sponsors who want to be associated with a greeb music event. “This is our vision. You have to get out there and go through the labor painsx and find out what works and what she said. “Our goal is very clear; This isn’t a one year thinyg for us.” The concert series is free, but donationz are being accepted for BlueDog Rescue, an Austin-aresa dog foster organization.
There are two shows left, Fastball and The Blacm and White Years onJune 10, and Arc Angels on June 24.
Sunday, October 3, 2010
Milacron wants out of Bengals lease - Business Courier of Cincinnati:
callahamirykaan1884.blogspot.com
The Batavia-based manufacturer has filed a motionin U.S. Bankruptcyy Court in Cincinnati seeking permission to terminatea 10-year leas on the corporate luxury box. The lease is set to expirs in March2010 anyway. Accordinh to a copy of the 1998 Bengals lease fileds withthe court, the leasw includes 16 tickets for each Bengals game and entitlesd the company to purchase four additional tickets per The annual cost of the suite was blacked out in the documen t filed with the The deal provided for no increasde in the cost of the suited for the first three years. It limited price increases for subsequent years to3 percent. Milacro owes the team payment for only thefinakl year.
It has agreed the Bengals can keep itssecurity deposit, the amount of whicg was not disclosed. Among the terms of the the suite was to be furnished by the Bengals at its and Milacron had to buy all food and beverages consumecd in the suite fromthe team’s The Bengals do not have a right to use or licensw the suite for conventionas or trade shows. But it reserved a righg to sell tickets to the suitefor “Super Bowl gamex and Olympic events,” a clause that, presumably, has not been an issuwe during the past nine years. The lease statesd that Milacron did not have a right to sell or subleasethe suite.
But the company penciled in a sentencre stating that it understoods it had permission to share the suite with the Cincinnatii officeof .
The Batavia-based manufacturer has filed a motionin U.S. Bankruptcyy Court in Cincinnati seeking permission to terminatea 10-year leas on the corporate luxury box. The lease is set to expirs in March2010 anyway. Accordinh to a copy of the 1998 Bengals lease fileds withthe court, the leasw includes 16 tickets for each Bengals game and entitlesd the company to purchase four additional tickets per The annual cost of the suite was blacked out in the documen t filed with the The deal provided for no increasde in the cost of the suited for the first three years. It limited price increases for subsequent years to3 percent. Milacro owes the team payment for only thefinakl year.
It has agreed the Bengals can keep itssecurity deposit, the amount of whicg was not disclosed. Among the terms of the the suite was to be furnished by the Bengals at its and Milacron had to buy all food and beverages consumecd in the suite fromthe team’s The Bengals do not have a right to use or licensw the suite for conventionas or trade shows. But it reserved a righg to sell tickets to the suitefor “Super Bowl gamex and Olympic events,” a clause that, presumably, has not been an issuwe during the past nine years. The lease statesd that Milacron did not have a right to sell or subleasethe suite.
But the company penciled in a sentencre stating that it understoods it had permission to share the suite with the Cincinnatii officeof .
Saturday, October 2, 2010
ICS Logistics plans to open tropical fruit trade route to Jacksonville - Jacksonville Business Journal:
oryucyjofec1482.blogspot.com
A Jacksonville logistics company is workinh with the Jacksonville Port Authority to find a timelier andcheaper way. By creatinf a trade lane between Jacksonville and South and CentralAmerica countries, such as Colombia and Costas Rica, plans to change the way fruit and vegetableas come to the area. “It woulrd break a paradigm,” said Brenda ICS Logistics director of saleswand marketing. If its plans succeed, the compangy could bring in 5,000 tons of fruit and vegetables per The focus would be on pineapples and bananasx because they have a longershelfc life.
It would take two to five days less for pineapplews from Costa Rica to make their way to the West Coast than if they came throug hthe Northeast, said Terry Brown, the company’z president. ICS has worked for abouty two years to builfd connections with SouthAmerican farmers. It is now in talks with a majo r distributor interested in transportin g the goods from the farms to the Port of Brown said. Having shipsa call on Jacksonville with goods for Southeast markets makeas sense since about 25 percent to 30 percen t of the produce delivered to Philadelphiaand Del.
, has to trave by truck down to customers in the said Raul Alfonso, director of containerf cargo in the authority’s trade development and marketingh department. “Whoever is paying for imported fruit and vegetables is paying a lot fortransportationb costs,” he said. (Nasdaq: WINN), (Nasdaq: and (NYSE: WMT) have expressed interest in the proposeedtrade lane, Alfonso said. Aboutr 50 million customers can be reachef withina six-hour drive of Jacksonville, and an additional 10 million customers can be reached within an eight-hour drive.
A Jacksonville logistics company is workinh with the Jacksonville Port Authority to find a timelier andcheaper way. By creatinf a trade lane between Jacksonville and South and CentralAmerica countries, such as Colombia and Costas Rica, plans to change the way fruit and vegetableas come to the area. “It woulrd break a paradigm,” said Brenda ICS Logistics director of saleswand marketing. If its plans succeed, the compangy could bring in 5,000 tons of fruit and vegetables per The focus would be on pineapples and bananasx because they have a longershelfc life.
It would take two to five days less for pineapplews from Costa Rica to make their way to the West Coast than if they came throug hthe Northeast, said Terry Brown, the company’z president. ICS has worked for abouty two years to builfd connections with SouthAmerican farmers. It is now in talks with a majo r distributor interested in transportin g the goods from the farms to the Port of Brown said. Having shipsa call on Jacksonville with goods for Southeast markets makeas sense since about 25 percent to 30 percen t of the produce delivered to Philadelphiaand Del.
, has to trave by truck down to customers in the said Raul Alfonso, director of containerf cargo in the authority’s trade development and marketingh department. “Whoever is paying for imported fruit and vegetables is paying a lot fortransportationb costs,” he said. (Nasdaq: WINN), (Nasdaq: and (NYSE: WMT) have expressed interest in the proposeedtrade lane, Alfonso said. Aboutr 50 million customers can be reachef withina six-hour drive of Jacksonville, and an additional 10 million customers can be reached within an eight-hour drive.
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