http://www.turismagency.com/content/view/55/766/
The buyer, a holding company created by private-equity firm and its portfoliokcompany , will pay 92 centws per share for SoftBrands. Shares of SoftBrands closed at 47 cents per share on On the same datein 2008, stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capitaol has about $9 billio n in assets under management. Infor, based in Ga., is a software companu with about 9,000 employees and $2.2 billiob in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smal and mid-sized manufacturers under the brand.
Its productse handle tasks such as making reservations to setting room SoftBrands CEO Randy Tofteland said in a press statement that the deal will allows shareholdersto “realize significant value from their He also said the company would benefitf from an “alliance” with Infor. A spokeswoma for Infor said SoftBrands will continue to have a presencedin Minneapolis, though it has yet to be determineds how many employees will remainb here.
SoftBrands’ board has already approved the sale, which is expecteds to close in between 60 and90
Thursday, March 24, 2011
Tuesday, March 22, 2011
CCISD projects revised $1.6M to $36M budget shortfall, prepares for cuts - Corpus Christi Caller Times
Panasonic CW-XC143EU
CCISD projects revised $1.6M to $36M budget shortfall, prepares for cuts Corpus Christi Caller Times Depending on the severity of the state budget situation, district officials may have to look at programs to keep, revise or eliminate, Elliff said. But cuts wouldn't be made unless necessary, he said. The four-part meeting series aims to give the ... |
Sunday, March 20, 2011
They're sensing a theme here - The Times of Trenton - NJ.com
Air Purifiers Phoenix
They're sensing a theme here The Times of Trenton - NJ.com TRENTON รข€" Local art lovers know that Trenton is full of arts groups and efforts to promote the arts, from relatively new projects such as the Trenton Mural Arts Project and the CityArts alliance to established organizations, ... |
Thursday, March 17, 2011
Los Rios transfers 35% more than reported - Sacramento Business Journal:
Air Purifiers Norwalk
Los Rios officials expect that the research they releasexd Tuesday will help give the public and policy makerw a more complete and accurate pictur of the extent of theSacramentko district’s transfers and can provide insight into California communitt colleges transfers as Los Rios’ study, “Toward a More Complete Picture of Transfer,” used additional sourcee of information to tracmk students who transferred not only to the California State University and University of California systems but also to in-state private and out-of-stated public and private colleges and universities, district officials said in a news releaswe Tuesday.
The study was conducted by the district’s Office of Institutional Research. “Until now, research studies lookinv at California community college transfer only looke d at those students who transferrefd to a CSUor UC,” Los Rios Chancellor Bricew Harris said in a news “Unfortunately, that approach has missed the many thousand of students who transfer to other institutions.” In the study of 2005-06 Los Rios found: The districyt transferred 2,990 students to the UC and CSU systemss and 1,051 students to other four-year colleges throughouy the state and nation. That represents a 35 percent increase over what wasoriginally reported.
Cosumnes River College transfers were undercounter by 68 percentthat year. The college had 509 studentws transfer to a UC or CSU while another 346 students transferred to other collegesand universities. Districy students transferred to major universities acrossthe nation, including Harvardf and Stanford. University of Phoenix and National Universituy were the toptwo in-state private institutionss to which Los Rios students transferred. Los Rios also discoverede thatduring 2005-06, 4,214 students in the district had completed all requirexd course work for transfer.
It was uncleaf how many of those studentsactually transferred, but Los Rios know s that not all of them were accountedr for in the transfer data. The districtg plans more research to learn why student who qualify for transfer arenot transferring. “Our study is focusedf on Los Rios colleges, but we believr the findings have tremendous significancde for allof California’s community collegeds and will help provide the public and policy makers with a much more complete and accurate picturwe of the work we are doing in the transfer area,” Harris said in the news
Los Rios officials expect that the research they releasexd Tuesday will help give the public and policy makerw a more complete and accurate pictur of the extent of theSacramentko district’s transfers and can provide insight into California communitt colleges transfers as Los Rios’ study, “Toward a More Complete Picture of Transfer,” used additional sourcee of information to tracmk students who transferred not only to the California State University and University of California systems but also to in-state private and out-of-stated public and private colleges and universities, district officials said in a news releaswe Tuesday.
The study was conducted by the district’s Office of Institutional Research. “Until now, research studies lookinv at California community college transfer only looke d at those students who transferrefd to a CSUor UC,” Los Rios Chancellor Bricew Harris said in a news “Unfortunately, that approach has missed the many thousand of students who transfer to other institutions.” In the study of 2005-06 Los Rios found: The districyt transferred 2,990 students to the UC and CSU systemss and 1,051 students to other four-year colleges throughouy the state and nation. That represents a 35 percent increase over what wasoriginally reported.
Cosumnes River College transfers were undercounter by 68 percentthat year. The college had 509 studentws transfer to a UC or CSU while another 346 students transferred to other collegesand universities. Districy students transferred to major universities acrossthe nation, including Harvardf and Stanford. University of Phoenix and National Universituy were the toptwo in-state private institutionss to which Los Rios students transferred. Los Rios also discoverede thatduring 2005-06, 4,214 students in the district had completed all requirexd course work for transfer.
It was uncleaf how many of those studentsactually transferred, but Los Rios know s that not all of them were accountedr for in the transfer data. The districtg plans more research to learn why student who qualify for transfer arenot transferring. “Our study is focusedf on Los Rios colleges, but we believr the findings have tremendous significancde for allof California’s community collegeds and will help provide the public and policy makers with a much more complete and accurate picturwe of the work we are doing in the transfer area,” Harris said in the news
Tuesday, March 15, 2011
Hatem pulls out of Raleigh downtown project - Dayton Business Journal:
Haier HPRD12XH5
Hatem told the Raleigh City Councilp Tuesday thathis firm, , is unable to securs financing for the project at this given the economic conditions. City council members immediately votefd to sever tieswith “We should have done this (pulll the plug) last year,” Hatenm says. “It was disappointing before, but now I am Empire signed a deal with the city in 2007 afte r the city decided to sell the landfor $1.443 million (about $70-a-foot) along Salisburg Street, and the developmentg company agreed to specific benchmark deadlines to finisbh the project.
The developer missed a deadlinein 2008, at which time Raleigh City Manager Russellp Allen recommended that the city cut its ties with Empired without any extension. Under termss of the agreement, Hatem never actually bought the property. The city now will consider re-issuing a request for proposala forthe project. “Asking the developer to agreed to a schedule that was detached from the realitiews of the economy was at best Hatem told thecity council. But the nail in the coffin was eliminatingh the possibility of anyfuture extension.
Even in a good economi climate, it is virtually impossible to secure thefundinv necessary, knowing that the agreemeng would be canceled at a time certainb without discussion. “ The two-phase $50 million called , was meant to be a big piec ofdowntown Raleigh’s revitalization efforts, with the hote l an important piece in helping the new $220 million book events. Hatem has renovatedr several buildings in downtown Raleigh in recent years and also owns several restaurants in the area includinf theDuck & Dumpling, , The Pit and soon-to-openedc Gravy.
Hatem told the council that Empirde has created more than 200 jobs in downtowh Raleigh and has invested morethan $80 milliom in the local economy. In all, Empire companies pay $2 milliom annually in sales, property, franchise and othef miscellaneous taxes, Hatem told the “ As I walk, people form across the worlx and across town through the streetz of downtown Raleigh these pastfew months, one thinbg was clear: This ambitious projectr is not possible at this Hatem told the council. Hatem estimatezs he invested $500,000 to do the preliminart work onthe project.
Hatem told the Raleigh City Councilp Tuesday thathis firm, , is unable to securs financing for the project at this given the economic conditions. City council members immediately votefd to sever tieswith “We should have done this (pulll the plug) last year,” Hatenm says. “It was disappointing before, but now I am Empire signed a deal with the city in 2007 afte r the city decided to sell the landfor $1.443 million (about $70-a-foot) along Salisburg Street, and the developmentg company agreed to specific benchmark deadlines to finisbh the project.
The developer missed a deadlinein 2008, at which time Raleigh City Manager Russellp Allen recommended that the city cut its ties with Empired without any extension. Under termss of the agreement, Hatem never actually bought the property. The city now will consider re-issuing a request for proposala forthe project. “Asking the developer to agreed to a schedule that was detached from the realitiews of the economy was at best Hatem told thecity council. But the nail in the coffin was eliminatingh the possibility of anyfuture extension.
Even in a good economi climate, it is virtually impossible to secure thefundinv necessary, knowing that the agreemeng would be canceled at a time certainb without discussion. “ The two-phase $50 million called , was meant to be a big piec ofdowntown Raleigh’s revitalization efforts, with the hote l an important piece in helping the new $220 million book events. Hatem has renovatedr several buildings in downtown Raleigh in recent years and also owns several restaurants in the area includinf theDuck & Dumpling, , The Pit and soon-to-openedc Gravy.
Hatem told the council that Empirde has created more than 200 jobs in downtowh Raleigh and has invested morethan $80 milliom in the local economy. In all, Empire companies pay $2 milliom annually in sales, property, franchise and othef miscellaneous taxes, Hatem told the “ As I walk, people form across the worlx and across town through the streetz of downtown Raleigh these pastfew months, one thinbg was clear: This ambitious projectr is not possible at this Hatem told the council. Hatem estimatezs he invested $500,000 to do the preliminart work onthe project.
Saturday, March 12, 2011
Tom Gladdis Aiming For The Front On F2 Return - PaddockTalk
http://www.connexionme.com/anchor/14465/plate4/
Tom Gladdis Aiming For The Front On F2 Return PaddockTalk Gladdis insists the frustration of a bit-season last year, coupled with a serious foot injury which forced doctors to amputate three toes on his left foot over the winter, has made him hungrier and more focussed than ever ahead of the 2011 season. ... |
Thursday, March 10, 2011
With goal of raising $33.9 billion, BofA tops $33 billion - Kansas City Business Journal:
xeconatyxex.blogspot.com
billion. Last month, BofA (NYSE: BAC) sold $13.5t billion in common stock. The bank issues 1.25 billion shares at an averag e priceof $10.77 per share. BofA also sold a 5.7 percent stakwe in to Asian investors for a gainof $4.5 billion. In BofA has agreed to exchange $9.5 billion in preferredd shares for 704 million sharees ofcommon stock. BofA says it will garne r $1.3 billion from reduced dividends on the preferred Theexchange doesn’t apply to preferred sharew held by the federal government. So far, BofA has boostesd its Tier 1 common capitalby $2.1 billion by reducinh a deferred tax-asset And, the bank says it has gaine an additional $2 billion from the dispositioh of assets.
As part of the company’s capital it could issue up to an additional 296 millionncommon shares. “We are pleasedd to have nearly reached our goalthis quickly,” says Joe chief financial officer. The government said BofA had toraise $33.09 billion after conducting “stress tests” on the country’as 19 largest banks. The tests were designexd to assessthe banks’ ability to survive if economid conditions worsen more than expected durin the next two years. BofA has received a totao of $45 billion in taxpayer aid undetr thefederal government’s Troubled Asset Relieft Program, which is designed to thaw the creditr markets and boost the economy.
In separated developments, Charlotte-based BofA sold $3 billion in five-yearr notes on May 8 and $2.5 billion in 10-yearr notes on May 28 without guarantees.
billion. Last month, BofA (NYSE: BAC) sold $13.5t billion in common stock. The bank issues 1.25 billion shares at an averag e priceof $10.77 per share. BofA also sold a 5.7 percent stakwe in to Asian investors for a gainof $4.5 billion. In BofA has agreed to exchange $9.5 billion in preferredd shares for 704 million sharees ofcommon stock. BofA says it will garne r $1.3 billion from reduced dividends on the preferred Theexchange doesn’t apply to preferred sharew held by the federal government. So far, BofA has boostesd its Tier 1 common capitalby $2.1 billion by reducinh a deferred tax-asset And, the bank says it has gaine an additional $2 billion from the dispositioh of assets.
As part of the company’s capital it could issue up to an additional 296 millionncommon shares. “We are pleasedd to have nearly reached our goalthis quickly,” says Joe chief financial officer. The government said BofA had toraise $33.09 billion after conducting “stress tests” on the country’as 19 largest banks. The tests were designexd to assessthe banks’ ability to survive if economid conditions worsen more than expected durin the next two years. BofA has received a totao of $45 billion in taxpayer aid undetr thefederal government’s Troubled Asset Relieft Program, which is designed to thaw the creditr markets and boost the economy.
In separated developments, Charlotte-based BofA sold $3 billion in five-yearr notes on May 8 and $2.5 billion in 10-yearr notes on May 28 without guarantees.
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