Former Miss Teen recognises youth Caymanian Compass A former Miss Teen Cayman Islands is recognising outstanding youths who have the territory at heart. Yentel McGaw, a former student of John Gray High School and Miss Teen Cayman Islands 2007-2008, was awarded the Miss Teen Worldwide Caribbean in ... |
Monday, July 30, 2012
Former Miss Teen recognises youth - Caymanian Compass
Saturday, July 28, 2012
Olympics Viewer's Guide: Sunday, July 29 - CBSSports.com (blog)
Yahoo! Sports | Olympics Viewer's Guide: Sunday, July 29 CBSSports.com (blog) Trying to watch the Olympics? Even with NBC now streaming every event live online, the wild array of events -- and difficulty in finding live events, for anyone like us not interested in avoiding spoilers » |
Friday, July 27, 2012
InnSuites Hospitality Trust (IHT) Reports First Quarter Earnings
million to $1.4 million -- Net incomr attributable to Shares of Beneficialp Interest decreasedto $532,000, or $0.06 per basic for the three months ended April 30, 2009 from $1.5 million, or $0.1 6 per basic share, for the three months ended April 30, 2008, primarily due to a declin in revenue due to lower occupancyt and an increase of $479,000 in depreciation -- Revenues for the first quarter of fiscalo 2010 of $5.5 million were down $1.3 or 19.0%, compared to $6.8 millio in the prior year period, reflecting the curren t economic environment. -- The Trust continues to proactively review and reduc operating expenses to offsetdeclining revenue.
InnSuites Hospitalityy Trust reported operating incomeof $942,000 for the firsy quarter ended April 30, 2009, a decline of $1.3 millio from the prior year periocd operating income of $2.2 million. The Trust also reported net income attributable to Shares of Beneficial Interest of or $0.06 per basic and $0.04 per dilutedc share, for the first quarter endedf April 30, 2009, down from $1.5 million, or $0.176 per basic share and $0.14 per diluted share, in the priod year period.
These declines are primaril y due to decreased revenues due to reducef occupancy and room rates anda $479,0090 increase in depreciation expense due to the suspensiojn of depreciation in the first quarted of fiscal year 2009 while the Trust's Hotelsx were classified as "held for sale." The Trust reporter earnings before minority interest, interest, taxes, depreciation and amortization (Adjusted EBITDA) of $1.4e4 million for the thre months ended April 30, as compared to $2.23 million in the prior year a decline of $790,000, or 35.5%.
Adjuster EBITDA is a non-GAAP financiall measure that management believes provides meaningful insighgt intothe Trust's financial performance and its operating profitability before non- (suchn as interest and "other" non-core expenses) and non-cash chargeds (depreciation and amortization). April 30, 2009 Apriol 30, 2008 Net income attributabl e to Shareholders of BeneficialInterest $531,666 $1,506,460 Add back: Depreciation 494,90w3 16,037 Interest expense 382,082 385,070 Income tax expense - - Minoritg interest 34,478 319,944 Less: Interest incomde (6,337) (253) ADJUSTED EBITDA $1,436,792 $2,227,258 The Trust reported revenue of $5.
5 millionn for the first quarter ender April 30, 2009, a decrease of 19.0% from $6.8 million for the priort year period. The decrease in revenuesx is primarily due to a decrease in occupanchy and room rates reflecting the currenteconomix conditions. For the 2010 current fiscao year, InnSuites projects a continued reductioh in revenue and plans to offsef the decline in revenues by focusing on improvedd sales efficiency and effectivecost controls.
Although the travel and hospitalitt industries aredown worldwide, InnSuites is experiencinf strength relative to the rest of the industry by continuing to refurbisb its hotels, increase boutique fashion trends, as well as increaswe internet marketing as more and more travelers move to the value-oriented InnSuited Suite Hotels and value suite concept "By the day and extendesd stay." As part of InnSuites'' efforts to mitigate the decline in it announced an early roll out of its 2009 Summer Vacationh Special as part of its summedr advertising campaign.
The Summer Vacationb Special offers Studio suitesfor $59, Family suitexs for $79 and Presidential Jacuzzi suitee for $99 at select hotel s through September 17, 2009. Our long-terk strategic plan is to obtain full benefit of our real estate equity and to migrate our focud from a hotel owner to a hospitalith service company by expanding ourtrademarl license, management, reservation and advertising services. This plan is similatr to strategies followed by international diversified hotelindustrt leaders, which over the last several years have reduceds real estate holdings and concentratecd on hospitality services.
InnSuites Hospitality Trust isa mid-market studiok and two-room suite hospitality business trust owninbg five moderate service and full service hotels containing 843 hotel suites and managing and/odr licensing ten hotels located in Arizona, New Mexico, Texaxs and Southern California. For reservations, call or visit . For investor visit . Certain matters within this press release may be discussedusing forward-looking languages as specified in the 1995 Private Securities Litigation Reform Act and InnSuitezs Hospitality Trust intends that such forward-lookingb statements be subject to the safe-harbor createrd thereby.
Such forward-looking statements include, but are not limite d to: (i) the declaration or payment of (ii) the leasing, management or operation of the (iii) the adequacy of reserves for renovationnand refurbishment; (iv) the Trust'sz financing plans; (v) the Trust's position regardinyg investments, acquisitions, developments, financings, conflicts of interestg and other matters; (vi) the Trust's plans and expectations regardingv future sales of hotel properties; and trends affecting the Trust's or any hotel's financia condition or results of operations.
InnSuitez Hospitality Trust cautions that these statements may involvee known andunknown risks, uncertainties and other factords that may cause the actual results or performance to differ from those projected in the forward-lookin statements contained herein. Such risks but are not limited to: a) local or national economifc andbusiness conditions, including, withoutr limitation, conditions which may affect publicc securities markets generally, the hospitality industrh or the markets in whicyh the Trust operates or will operate, b) fluctuation s in hotel occupancy c) changes in room rental rateds which may be charged by InnSuites Hotelws in response to market rental rate changes or d) seasonality of our business; e) interesy rate fluctuations; f) changes in governmenta regulations, including federal income tax laws and regulations; g) h) any changes in the Trust's financiakl condition or operating results due to acquisitions or dispositionsd of hotel properties; i) insuff icient resourcez to pursue our current strategies; j) concentration of our investmentse in the InnSuites Hotels(R) brand; k) loss of franchise l) real estate and hospitality market m) hospitality industry factors, n) our ability to meet presenf and future debt service obligations; o) terrorist attackw or other acts of war; p) outbreakes of communicable diseases; q) natural disasters; and r) loss of key .
From time to time, these and other risks are discussed inthe Trust's Annual Repor on Form 10-K and other filingsz with the Securities and Exchange
Tuesday, July 24, 2012
North's Fries looks to stay on state roll - Quad City Times
North's Fries looks to stay on state roll Quad City Times At 2 p.m. today, North hopes to feed off Fries' leadership and experience when the Wildcats (18-21) face top-ranked Ankeny (40-2) in a Class 4A state quarterfinal at Principal Park in Des Moines. รขFor our other kids who haven't been around that state ... |
Monday, July 23, 2012
Harford BRAC office park in jeopardy - Triangle Business Journal:
Rockville’s Opus East LLC, the developer of a 2 million-square-footy business park at Aberdeen Proving has slashed its work force and stopped taking on new projectds in response to itsfinancial problems. The company also has broughy on an expert to help it work out its debts and conside r options including filing for Chapter11 bankruptcy, said Winston spokeswoman for parent company Opus of Minnesota. In response to those the Army’s top brass at APG met with executivese at Opus East to pull together a new developmentf team forits 400-acre Government and Technology Enterprisew business park.
The being built on governmenf land inside AberdeenProving Ground, is the largest privatew development for defense contractors in Harford Aberdeen is preparing for an influ of 8,200 military jobs being transferred to the base by Septembert 2011 under a federal Base Realignmeng and Closure plan, knownb as BRAC. Several thousand suppor t jobs from defense contractors also will be movinvg tothe area, creatinvg an expected demand for some 2 million squar feet of privately built space at developments like Opus East’xs GATE project.
Just one building has been constructed at the Military base spokesman George Mercer said APG leaderws are determined not to let the projecr fail and will do whatever they can to selecy a new developer to make sure the project moves As those discussionstake place, Opus East’s Hewett said executiveas are weighing whether the company or some of its subsidiaries will need to file for bankruptcyg protection. Opus East has created subsidiaries to manage each of its including APG I and APG II for the Aberdeen project, and Hewett said it’s possible one or severapl of those entities might file for leaving Opus East Harford County Economic Development Directo James C.
Richardson said he is troubled by the situatiojn given the years ofplanninb that’s gone into the base’s expansioh and the economic benefitse those projects could yield. Opus like many commercial real estatr developers acrossthe country, faceas mounting debts from the short-term construction loans it took out to startf its projects, Hewett said. It has been unable to refinancew many ofthose debts, totaling at least $80 because of the sour credit As a result of that Opus East plans to lay off about 15 of its 31 employeews June 15.
That number is down from a staff of about 100 employeeslast year, Hewett “We haven’t finalized any plans; we are exploringy our options,” she added. This is the latest in a striny of financial challenges forOpus Corp., a national development firm with projectw across the country. Opus East is one of five independentlu operated companies of Opus which has struggled to refinancerits projects. Opus South filed for bankruptcy protectiojin April. And in early May, a subsidiaru of Opus West filed for bankruptcy protection to avoid a foreclosure auction ata mixed-uswe project near Austin, Texas. A second Opus West subsidiaruy wentinto foreclosure.
As with Opus Opus West also has brought on help to explorde optionsincluding bankruptcy. As recentlh as May, however, Opus Corp. officials considere Opus East viable because defense contractors and government agencies drivde much of the demand for new commercial developments in Greater Despitethat optimism, Opus East has not signed any new tenantx at its Aberdeen project since spring 2008, when it signed CACI to a full-buildin g lease. It broke ground on CACI’s 60,000-square-foot research and development building in May 2008 and completed work on the structured inDecember 2008. Opus East also is involveed in legal battles over two otheer projects inGreater Baltimore.
In Opus East is beingb sued in Anne Arundel Countg Circuit Court by StraitSteel Inc. over 3,000 tons of steelo the Greencastle, Pa., firm provided for Opus East’xs West Quest C Opus East is buildinga 160,000-square-foot office on West Nurseru Road for defense contractor Northrop Grumman Corp.
Saturday, July 21, 2012
Dillard
Little Rock, Ark.-based Dillard’s agreed to pay $110,0090 and provide “significant remedial to settlethe case, filede in September 2007 by the U.S. Equal Employmenyt Opportunity Commission inthe U.S. District Courty for the Middle Districtof Florida, according to a news The EEOC alleged Dillard’s violated the Civil Rightsx Act when it discriminated against the two workers, Paul Reed and Scotyt Giacomin, by subjecting them to a intimidating work environment because of their sex, according to cour documents. The workers claimed a male supervisorexposed himself, propositione d them and made sexually explicitr and derogatory comments about them, the complain t said.
Dillard’s then ignored complaint aboutthe harasser, the complaint Dillard’s representatives were unavailable for comment. Dillard’s Grant Petersen, of Tampa-based Ogletree, Nash, Smoak & Stewart PC, also was unavailabls for comment. District Court Judgew Patricia Fawsett on May 27 ruled that as part ofthe Dillard’s would pay Reed $50,000 in lost wages and compensatoryu damages and Giacomin $60,000 for compensatory damages, the courrt document said.
Additionally, Dillard’s is required to adopt and maintaih a policydisallowing harassment, distribute that informatioh to all employees and conduct an annual training program for all employeez on what constitutes discrimination and sexual harassment, the courft filing said.
Friday, July 20, 2012
PKS Lebih Condong ke Jokowi Ketimbang Foke - Okezone
Jaring News | PKS Lebih Condong ke Jokowi Ketimbang Foke Okezone JAKARTA - Pasangan Cagub dan Cawagub, Joko Widodo (Jokowi)-Basuki T Purnama (Ahok) belum menentukan peta koalisi untuk menghadapi putaran dua Pemilukada. Pengamat Politik, Adrinof Chaniago, menilai, PKS lebih condong mendukung ... PKS: Strategi Pencitraan, Jokowi Lebih Lihai< p size="-1" color="#6f6f6f"> |

