Wednesday, November 30, 2011

Career lessons found along Flying Pig path - Business Courier of Cincinnati:

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Being that I’m not in the front of the pack, I knew I’rd get to see for The other thing I kept hearing was how great the crow dsupport is. What I found was what you see and what you experiencee are a matterof Sure, I saw some people gettingv sick, in tears and struggling to make it to the finisg line – but they made it. I believe they did becaused of theirsupport networks. That came from many such as family, friends and training partners. But the networko I got to see for 26.2 mile s was one of caring strangers who stayede forthe duration. They knew their support was more importanty to the back ofthe pack.
Therde was a man in the last leg of the race with a signthat “You’re our inspiration.” I shoute out to him, my friend, you are ours!” His sign reminded me of one of my favoritse books by Ken Blanchard, “Gung Ho!” Its message abou t inspiration focuses on three principles: worthwhile in control of achieving the goal; and cheeriny each other on. As with your career, when trainingt for a marathon, you must believre the work you’re doing is worthwhile or you won’t continue. I heard a statistic that only one out of everh three people who begin training for a marathon will make it to thestartingt line. Work is not much different.
We need to improvew our odds inboth areas. In as with the marathon, we need to keep our eye on the finish line and be proactive in guiding the cours e toour goals. If we lose control or get off it’s much harder to finish. So commitment and dedication drive oursuccess – or failure. but in my opinion, the most important is cheeringotherds on. We often hear that the main reason peoplse leave their employer is becausesthey don’t feel appreciated. Maybe we can lesseh this problem oreliminate it. Like most thingds in life, perception is reality.
My perception, my reality of the Flyinhg Pig issimple – while the road to the finisbh might have been long and hard, those caring strangers made me and many othersz gung-ho. In that spirit, I urge you to folloew their lead and encourage and inspire the people you touch in everh aspect ofyour life. It makes a huge difference.

Monday, November 28, 2011

Federal health chief Sebelius praises Colorado insurance efforts - San Francisco Business Times:

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Sebelius, who was governor of neighboring Kansas before bein g appointed by PresidentBarack Obama, said Ritted has “done extraordinary work to cover children in She referred to Ritter as a “goos colleague and friend.” The conference call was held to publicize $40 million in grants Sebelius’ department was making available to organizations nationwide to reachn people who are eligible but not yet enrolled in Medicaid and Children’s Health Insurances Programs. In total, the department committed $100 million over the next four yearsz to promotingthe government-rujn programs, which Sebelius said are more critical than ever with nationalo unemployment hitting 9.
5 percent. “When parents lose their they lose insurance for themselves andtheier children,” Sebelius said. Since 2007, Sebelius noted that Ritter’s efforts have helpedr enroll 67,000 more Colorado children in Medicaidand Colorado’x children’s health program — a 27 perceny increase. Ritter, who participated in the conferencs call, said the state has used a combinatioj ofpaid advertisements, unpaid media and outreach to healthh care nonprofits to get the word out on the “There are too many people who are eligiblwe but not enrolled in government plans,” Ritter “...It’s critical for families to know abourt services available to them.
” The grants come as federap legislation making up to 4 millionh more children available for government healty plans goes into effect. But the statewidd efforts to make Medicaid available to more Coloradansa have been somewhat hampered by the deteriorating Earlierthis year, legislatoras cut Medicaid reimbursements by $30.8 milliom in an effort to plug gaps in the state’s The Colorado Department of Health Care Policyh and Financing, which was given some flexibility in implementing the cuts, aimed to lowefr costs by reducing “avoidable visits” to emergency rooms and encouraging primary and preventative care.
In doinhg so, the department excluded primary care, preventative care and dentalo services from takingthe cuts. Othet medical professionals who serve Medicaidf clients will see a rate reduction no greater than2

Saturday, November 26, 2011

Giving thanks for second chance at life - USA Today

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Giving thanks for second chance at life

USA Today


They will then give thanks for a rascally 12-year-old boy whose organs saved three lives and whose spirit inspired these two moms to take jobs helping others. The Kentucky mom, Judy Schumacher, will remember Justin, her fun-loving, life-giving son. ...



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Thursday, November 24, 2011

Financial News - Commercial Banking and Financial News

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| | | | | | | | | Diamonc Hill Investment Group, Inc. | | | Federa l Deposit Insurance Corp. | Federa l Deposit Insurance Corporation | Federal Home Loan Bank of Cincinnatiu Inc. | Federal Reserve | | | Fifthy Third Bancorp | | | FirstMerit Corporatiobn | | Franklin Credit Managementg Corp. | General Motors Corporation | | Grangs Insurance | | Huntington Bancshares, Inc. | | Internap Revenue Service | | | JPMorgan Chas e & Co. | KeyCorp | | | | | | Merril Lynch & Co., Inc. | | | | | Morgamn Stanley | | | | National Century Financial Enterprisew | National City Corporation | | Nationwide Mutualp Insurance Company | | | | | | | Park Nationalk Corporation | | | | | R.G.
Barry Corporatiomn | | | | | | | | | | Smallo Business Administration | | | State Auto Insurancs Companies | | | | The Huntington | The Ohio Statr University | The PNC Financial Servicezs Group Inc. | | | | | U.S. Bancorlp | U.S. Department of Housing and UrbanhDevelopment | U.S. Departmenty of Justice | | U.S. Securities and Exchange Commission | U.S. Treasurhy Department | | Visa Inc. | | | | | | |

Monday, November 21, 2011

Tennessee cotton planting expected to rise in

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Farmers have told the that they intens toplant 340,000 acres of cotton this year, a 19 percentr increase over 2008. The pendulum to cotto n swung aroundApril 1, according to the TDA, as farmeres watched low but stable cotton prices. Corn and soybean prices have swungb erratically and have dropped rapidly sincethe year’s growingt season began. Farmers also expecgt late summer and fall price rallies in cotton as droughrt conditions in WestTexas persist, according to the TDA. Persisteny rainfall throughout April and May made for one of the most difficul planting seasons inrecent times. Many cottonn acres had to be replanted this season due to floodinf andseed rot.
The rain also led many farmerse to adjust their overallplanting intentions. The rain led many farmeres to plant 7 percent more soybeans than they did last Tennessee farmers willplant 1.6 million acres of soybeand this year, the highes soybean acreage in 25 TDA attributes some of this to corn acreager abandonment as the rains made farmers miss their plantin g windows. Corn acreage is expected to be down 6 percent overalpat 650,000 acres. This is down 20,00 acres from March intentions anddown 40,000 acres from last year.

Saturday, November 19, 2011

Ky. video-gaming bill dies in Senate committee - Denver Business Journal:

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The Senate Appropriations Revenue Committee, on Mondaty evening, voted 10-5 againsty the measure, with two members according to theLexingtomn Herald-Leader. The House had previouslgy passedthe bill. The legislation would have permittes video-lottery terminals at Kentucky horse tracks, including Turfway Park in "The limited gaming proposal was designedf to help save a signature industryh inperil – an industry that means 100,000o jobs and $4 billion in investment for our said Gov. Steve Beshear in a Monday evenint statement. "It is unfortunate that every voice on this criticall important issue was not heard and everyg votenot counted.
" At a Frankfort presd conference, Turfway Park Presideny Bob Elliston said Turfway could close by 2010 if Ohio passea gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklaned recently reversed his stance against gamblingfat racetracks.

Thursday, November 17, 2011

Cellcontrol Distracted Driving Solution Now Fully Compatible with Major ... - MarketWatch (press release)

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Cellcontrol Distracted Driving Solution Now Fully Compatible with Major ...

MarketWatch (press release)


ATLANTA, Nov 17, 2011 (BUSINESS WIRE) -- Cellcontrol, a leading provider of technology to stop distracted driving, announced today that its award-winning solution is now fully compatible with most major telematics devices that also utilize the On-Board ...



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Los Angeles Times


Wal-Mart's 3rd-Quarter Profit Slips

New York Times


Wal-Mart said its domestic same-store sales increased by 1.3 percent, above its projections. By STEPHANIE CLIFFORD Wal-Mart said Tuesday that its third-quarter profit took a hit as the retailer kept prices low to attract shoppers back to its stores. ...


Wal-Mart St ores' CEO Discusses Q3 2012 Results - Earnings C »

Sunday, November 13, 2011

Retail Brokers Inc. principals face lawsuits related to investments - The Business Review (Albany):

idellecromwell1991.blogspot.com
million in loans from an Oklahoma bank tothe pair’sx real estate partnerships. The two men also are defendants in three investor lawsuits claiming they mismanaged investments in their retail realestate endeavors. The developers are tryinf to settle the investor according to several attorneys familiar with the In 2008, the pair settled a similar investor suit out of court. Barness and principals of Scottsdale-based , own shopping centerds in Phoenix, Tempe, Gilbert and They operate each center under a separatdbusiness partnership. The pair also are involved in a numbertof Phoenix-area charitable organizations.
Barness, for example, is active with locaol Jewish community causes and helpeed raise money forArizona Sen. John McCain’s 2008 presidential bid. Papakyriakoh also goes by the nameAlex Papas. The filedx its suits in late January in Maricopaz CountySuperior Court, claiming the developers failed to pay back thre e loans totaling $9.5 according to court documents. Mike Manning, Phoenix managing partner of , the law firm representing the declined to comment on thependinbg matters. “We cannot commenty on the record,” Manning RBI and Barness’ charitable foundatiojn did not respond to requestsfor comment.
No officialo response to the lawsuit was filed by the defendantzs bypress time. The investor lawsuits were filed in Maricopz County Superior Court agains Barnessand Papakyriakou’s real estate businesses. Thos e three investor claims may be consolidated under Maricopa Superio Court Judge John Buttrick andsettled together, according to legakl sources who would not go on the Barness and Papakyriakou’s attorney, Jeffrey said he expects the investor lawsuits to be resolved He said the resolutions would be via mutual but declined to say whether they woulrd involve out-of-court settlements.
Leonard also would not comment about the resolution or settlement of the 2008investodr lawsuit. Barness and Papakyriakou did not comment for this Other lawyers familiar with the investor suits said a settlement is being Robert Mitchell, the investor/plaintiff’s attorney in the 2008 claim againsy Barness and Papakyriakou, said he could not “All I can tell you is that the case was he said. The 2008 case claimecd Barness and Papakyriakou deceived investorswith self-dealsw and misrepresented sales and financial proceeds.
One of the 2009 in-vestor suitsx was filed by Phoenixcardiologisty Na-than Laufer and four other investors who say Barness and Papakyriakou raisef as much as $400 million in equity investments and loans for theird real estate and shopping centeer businesses. They claim the defendantds “wrongfully diverted nearly $50 million to according to court documents. The Laufer suit also contend s Barness and Papakyriakou improperly used investmen money in some deals between businessz entitiesthey owned, and that the salees benefited the defendants but not the The suit claims fraud, breachh of contract and failure to meet fiduciary responsibilities.
Plaintiffs in the Laufetr case say theyinvested $1.3 million in Barness-Papakyriakou real estate endeavors. Attorneys representing the plaintiffzs in the Laufer case wouldnot comment. A secondr investor suit, filed by the Eugene and Lenore SchupakFamily Trust, claims the trust invested $10.4 million in Barness- and Papakyriakou-owned shoppinv centers in Arizona and real estate The same suit contends another family entity, Schupaki Partners I, invested $953,000 in Castlde Yuma Dev Partners, an investment entity createed by the defendants.

Friday, November 11, 2011

Bankruptcy trustee in place at Statler - Business First of Buffalo:

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Horwitz’s appointment, which had been anticipated, came despite a last-ditch effort by the Statler’as owner, BSC Development Buff LLC and itsmanaginv member, British investor Bashar Issa, to delay the involuntary Chapter 11 proceedings in U.S. Bankruptcy The relatively rare involuntary Chaptert 11 proceedings were brought against BSC Development Buff LLC by four Statler including ParkLane Catering. The legal actiob is being sought to remove Issa and BSC Developmen t asthe Statler’s owner and to find a new owne for the 18-story, 80-year-old building that overlooks Niagars Square.
“Our intention is to keep the building open and to continuee to provide servicesfor tenants,” Horwitz said. At the Horwitz said he will review all options concerningvthe Statler’s future including finding a new buyer, either througgh negotiations or a court-sanctioned “We must find the most appropriate way to he said. “Part of that is to find a willingy andable buyer.” U.S. Bankruptcy Judge Carl Bucki, Western Districrt of New York chief bankruptcy appointed Horwitz. Bucki heard motions on the case last week and determiner that a trustee had to be in placeby “There is a need for prompt Bucki said.
“A trustee is the best opportunitgy forprompt action. There is a risk to harm to innocent tenants. There is a risk of harm to innoceny sub-tenants. The merits of the issuee need prompt consideration.” The Statler, which has seen its tenantg roll drop inrecent years, is losing $80,009 while earning, at $100,000 in monthly revenues. Many of the tenants were withholdinh rent payments over frustration with little progress made in termes of renovating the building or keepinbg basic servicesin operation.
Issa, who bought the Statlerd in 2006, had promised a $100 milliom top-to-bottom makeover of the building including bringinga 150-rookm hotel to the complex as well as renovatinbg office space and converting its upper floors into upscale Only a small scale of the renovations were completesd and virtually no work has been done in the Statler, in term of repairs, for more than one Issa is also facing legapl and financial issues in England. In two motions expressed to Buckii just a few minutes beforeThursday morning’s proceedings were to Issa asked the involuntaryh bankruptcy action be set aside.
Issa disputed several factes in previous court sessionx including allegations that Park Lane Catering was actingt inbad faith. Bucki dismissed Issa’s claims and allegations. “The legitimacy of the papere is opento question,” Bucki said. “The papers that were submitted (by do not comply with the rules ofthe court.” Buckui heard testimony that the four tenants who broughy the involuntary bankruptcy action to court are owed approximately Park Lane Catering, earlier this montn filed a mechanic’s lien against BSC Development claiminbg it is owed $16,700 for emergencyt repairs it had to make near the Statler’as Franklin and Genesee streets entrance.
Park Lane Catering, last fall, begabn a lawsuit in State Supreme Courtt against BSC Development becausew it has lost morethan $1 milliohn in bookings due to the raw state of the buildint and portions of its lobby. Park Lane Cateringb runs special events, ranging from weddings to corporate in several areas ofthe Statler. Park Lane Catering has more than 200 futurse events booked atthe Statler. All of the eventds will go on as scheduled. William Park Lane Catering owner, is working with Chicago-basedr interests who want to buy the Statler and have pledges to make atleasg $70 million in renovations to the building. Issa has rebufferd Koessler’s offers.
The involuntary bankruptcy proceedings began earlier this montn as the Statler was faced with the prospec t of shutting off service tothe building. Nationalo Fuel is owed more than $210,000 in unpaid bille from . The bills pre-date the bankruptcuy filing. Other utilities are also owed moniew well intothe six-figure including and the City of Buffalo’sx Water Department.

Wednesday, November 9, 2011

Colorado places 182 lawyers on 2009 Chambers USA list - Washington Business Journal:

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The international legal-rating service each year publishes lists of what it considers to be the top attorneye inseveral business-related disciplines. The 2009 posted online Friday, lists this many Colorado-based lawyerse in the followingpracticee areas: • 26 in corporate/merger s and acquisitions. • 21 in • 18 in intellectual property. 27 in labor and employment. • 47 in • 43 in real estate. Some lawyeres are listed more than once under differentpracticw areas. Chambers includes lawyers on its list baserd on interviews with their peers and Law firms and individual lawyers are rankedin “bands” from one to six, with one beinh the best.
Chambers listed these law firms with Colorado locally basedor otherwise, in “band one” in variousx practice areas: • Corporate/Mergers & LLP, LLP, LLP, LLP. • LLP, Faegre & Benson, LLP, Holme Robertse & Owen. • Intellectual Property: Faegre Benson, LLP. • Labor & Employment: Holland & LLC. • Litigation/General Commercial: LLP, Holland Hart, O’Donnell LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Mueller, Jordan, Mackey & Foreman PC. Real Estate: LLP, • Real Faegre & Benson, Holland Hart, Sherman & Howard.
London-based Chambers publishes guides to the legall profession covering 176 The U.S. guide has been published since 1999. , searchablse by state, lawyer or firm.

Sunday, November 6, 2011

Women still under-represented in company boardrooms - South Florida Business Journal:

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Management consulting firm McKinsey & Co., citingy research data from andthe , reports that fewet than one-third of the leading 1,500 U.S. companies had even a singlew woman among their top executivesin 2006. In that same nearly half the companies in the Florida Public 150 had no womehndirectors – just marginally bette than the previous two years. Charlotte Laurent-Ottomane, owner of the Boca Raton-based investor relationw firm , is working to changse that. As an active member of Fort Lauderdale-based Women Executive Leadership she is at the forefront of connecting accomplishefd women to the selection process for corporate board andexecutive positions.
“There is a lot of corporate consolidatiohngoing on, smaller companies beingh swallowed up and a lot of boarrd members will be ousted in 2009,” Laurent-Ottomanew said. She thinks it is an ideal time to diversif the boardroom and add women tothe mix. Madeleine senior client partner for executive recruitingfirm , said the need for educated businesspeople to serve on corporate boards is greater today than ever. Walter Revell, chairman and CEO of and a boardc memberof , said he is a big believere in the WEL program for providing a comprehensive perspectivre and a specific focus on preparing women for corporater board positions.
It isn’t as though there aren’r qualified candidates. Through WEL’s membership with the (ION), a consortium of 12 regional women’xs organizations, there is a potential candidate databasde of morethan 10,000 women. Laurent-Ottomane also serves as an IONboard member, so she has both a localk and a national outlook. She said the numberf of women directors nationwide has grown by more than a thirde over the last decade to about 15 percent of thetotaol – but is now slowing, accordinv to data from the ’s in Rockville, Md., whicyh tracks boardroom developments.
“Considering that women make up 48 percent of the they aredefinitely under-representedd on boards,” Laurent-Ottomane said. A numbef of academic studies reinforces the belief that companies improv when their boardrooms are gender and ethnically Studies covering Fortune 500 companies from 2001 to 2004 showed companiees with the most wome n directors averaged substantially better net income per dollart of revenue than companiews with the fewestfemale directors. The figured are compelling, if not totally Locally, there are some public companiee whoget it, and seven were praised recently by WEL. in Boca Raton and in Miami have four womenboare members.
Five others in Juno Beach, and in Fort in Boca Raton and Imperial industries in Pompano Beach have two women each ontheir boards. But, Laurent-Ottomanew notes there are more than 100 locap public companies that have no women ontheid boards. The latest wrinkl e in getting women into the boardroom is a series of boot campds that will educate women on everythingt from effective resumes to how to read a balance sheey andgetting started. an introduction to the boardroom is viaa Laurent-Ottomane said.
“It’s time for more dynamism in allthe Founder:

Friday, November 4, 2011

San Antonio May bankruptcies highest in four years - San Antonio Business Journal:

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Total bankruptcies in the city were up 40 percent inMay 2009, compared with the same month last according to figures compilef by the for the Wester n District of Texas. Bankruptcies filed in May 2009totaled 542; the mark in May 2008 was 324 a difference of 218 What’s more, May 2009 was the busiest filing month in more than four January 2005 was the last time more than 500 bankruptcgy petitions were filed in one month in San This past April also was a busy month. A total of 445 localk bankruptcy petitions were filedthat month, compared to 292 filexd in April 2008.
For the first five month of 2009, San Antonio bankruptcies tallied 2,114 — a 38 percent increasre from the 1,536 cases filedx in 2008. Almost all the casesa filed are Chapter7 liquidations, the exception being a handfulp of Chapter 11 reorganizations. Nationwide, U.S. consumet bankruptcy filings soared 37 percenyt in May compared with the same periocdlast year, according to figuresx released by the .

Wednesday, November 2, 2011

Everything's big in Texas -- including Tony vs. Carl - Nascar

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Everything's big in Texas -- including Tony vs. Carl

Nascar


Eddie Gossage spent Sunday afternoon in a television studio at Texas Motor Speedway, publicizing his upcoming race weekend in satellite interviews with local stations across Texas and Oklahoma. ...



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