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percent drop in same-store sales in May. The Cincinnati-basedr department store chain said sales at stores open at leasg a year are in line withthe company’s Total sales declined to $1.7 billion from $1.9 billio n a year ago, or 9.5 percent. Macy’ operates 13 stores in Hawaii. (NYSE: TGT) reported that its same-store sales fell 6.1 percengt compared to a year ago. Totap sales, at $4.56 billion, were down 2.3 percenf from May 2008. Target opened its first two stores on Oahuin March, and plans to open another on the Big Islanfd in July. • , based in Wash.
, said same-store sales at stores open a year or more fell 7 percengt last month compared with a year Total sales at theretailer (Nasdaq: fell to $5.47 billion from $5.77 billion in 2008. Costcok has seven locations in Hawaii. • reported same-store salez fell 13.1 percent compareed with a year earlier. Retail salea fell to $653 million for the month from $716 millio in May 2008 for the Seattle-based retailer JWN). Nordstrom opened its first Hawaiio location at Ala Moana Center inMarch 2008. Wal-Mart (NYSE: WMT) stoppex reporting its same-store sales as of this month.
Thursday, May 31, 2012
Wednesday, May 30, 2012
Developments In Cancer Research Regarding Women - RedOrbit
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RedOrbit | Developments In Cancer Research Regarding Women RedOrbit New research has come out regarding the causes of cancer and the effects of cancer treatment for women. A new study by a Swedish team of researchers, published in the Journal of Clinical Oncology, found that women were less likely than males to receive ... |
Monday, May 28, 2012
National Aquarium counters downgrade with improved financial outlook - Baltimore Business Journal:
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Last month, the aquarium introducedd its latest exhibit, “Jellies Invasion: Oceans Out Of and launched a marketing partnership with Waterfront Partnership of the and Baltimore Area Conventionh and Visitors Association to promote summer tourismto Baltimore’ws waterfront. The exhibit has also increased attendance and sales per and revenue is closeto $1 million ahead of budgetf as of the end of May. In the attraction will start planning for and hopes to continue creating new exhibitz and anew third-floor gallery, slated to be completedr between 2011 and 2012, said Davif Pittenger, executive director of the National Aquarium, in an intervieew Wednesday.
Moody’s Investors Service downgraded the National Aquariunmin Baltimore’s credit ratingt Tuesday from A3, negative outlook, to The rating impacts $30.8 million in The ratings is still considerer investment-grade but it makes it more expensive for the aquarium to borros money. Moody’s said the reasons for the downgrade includs lower levels of financial resources andinvestmenyt losses, decreased attendance and limiter private fundraising support. “We weren’t surprised by the said Pittenger. “There’s no question it’e a financially challenging The aquarium had been in talkzwith Moody’s for about a week leading up to the Pittenger said.
While the aquarium’s foundation on which the rating is suffers from therough economy, Pittenger said the attractioj does not use the foundation as a source of fundint and the money is used to suppor capital projects instead.
Last month, the aquarium introducedd its latest exhibit, “Jellies Invasion: Oceans Out Of and launched a marketing partnership with Waterfront Partnership of the and Baltimore Area Conventionh and Visitors Association to promote summer tourismto Baltimore’ws waterfront. The exhibit has also increased attendance and sales per and revenue is closeto $1 million ahead of budgetf as of the end of May. In the attraction will start planning for and hopes to continue creating new exhibitz and anew third-floor gallery, slated to be completedr between 2011 and 2012, said Davif Pittenger, executive director of the National Aquarium, in an intervieew Wednesday.
Moody’s Investors Service downgraded the National Aquariunmin Baltimore’s credit ratingt Tuesday from A3, negative outlook, to The rating impacts $30.8 million in The ratings is still considerer investment-grade but it makes it more expensive for the aquarium to borros money. Moody’s said the reasons for the downgrade includs lower levels of financial resources andinvestmenyt losses, decreased attendance and limiter private fundraising support. “We weren’t surprised by the said Pittenger. “There’s no question it’e a financially challenging The aquarium had been in talkzwith Moody’s for about a week leading up to the Pittenger said.
While the aquarium’s foundation on which the rating is suffers from therough economy, Pittenger said the attractioj does not use the foundation as a source of fundint and the money is used to suppor capital projects instead.
Sunday, May 27, 2012
MJ's 'Bad' to get 25th anniversary reissue - TheDay.com
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BET | MJ's 'Bad' to get 25th anniversary reissue TheDay.com To commemorate the 25th anniversary of his seminal 1987 disc, "Bad," his estate, in collaboration with Epic/Legacy Recordings, will reissue the disc with new music and a never-before-released concert video, the label and his estate announced. Michael Jackson's Bad to Get 25t h Anniversary Reissue |
Friday, May 25, 2012
Doyle vows fight for Chrysler, GM plants - The Business Journal of Milwaukee:
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Doyle said that the managementof Detroit-base d GM, which Monday filed for Chapted 11 reorganization, has publicly confirmedf that the now-shuttered Janesville plant is one of threse plants being considered to manufacture smalol cars in the The Janesville plant had more than 1,200 employees who assembled pickup trucks and SUVs, vehicles for which demand has plummeted during the recent era of high gas The governor also said that Chrysler's 850-employee engine plant in Kenosha, which is slate to be closed underf that automaker's reorganization under bankruptcy, won'ft be sold, leaving the possibilityt that Chrysler's new partner, the Italian auto manufacturetr Fiat, could acquire the Fiat is expected to begin producing cars in the Unitesd States under its partnership with Auburn Mich.
-based Chrysler. Doyle said in a statementr that his administration will focus on makinfg those possibilitiesa reality. "My staff, the leadership teams and I have continually been workin at thehighest levels, including the Whitew House, to fight for Janesville and Kenosha," Doyle said. “Everythinb we have been fighting for is to get us to this he said. "We are in a positive position with each and we are going to competed very aggressively for everythinfgmoving forward.
Doyle said that the managementof Detroit-base d GM, which Monday filed for Chapted 11 reorganization, has publicly confirmedf that the now-shuttered Janesville plant is one of threse plants being considered to manufacture smalol cars in the The Janesville plant had more than 1,200 employees who assembled pickup trucks and SUVs, vehicles for which demand has plummeted during the recent era of high gas The governor also said that Chrysler's 850-employee engine plant in Kenosha, which is slate to be closed underf that automaker's reorganization under bankruptcy, won'ft be sold, leaving the possibilityt that Chrysler's new partner, the Italian auto manufacturetr Fiat, could acquire the Fiat is expected to begin producing cars in the Unitesd States under its partnership with Auburn Mich.
-based Chrysler. Doyle said in a statementr that his administration will focus on makinfg those possibilitiesa reality. "My staff, the leadership teams and I have continually been workin at thehighest levels, including the Whitew House, to fight for Janesville and Kenosha," Doyle said. “Everythinb we have been fighting for is to get us to this he said. "We are in a positive position with each and we are going to competed very aggressively for everythinfgmoving forward.
Thursday, May 24, 2012
The right fight - FOXSports.com
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gulfnews.com | The right fight FOXSports.com As he readies for his June 9 HBO pay-per-view fight with Manny Pacquiao, undefeated ch » |
Tuesday, May 22, 2012
Some banks not eager to seek bailout funds - Dallas Business Journal:
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One of the last groupz of banks to have rules writtemn for how they could get at some ofthe government’es bailout funds appear hesitant to take the Banks structured as S corporations, a corporate structure namedd for the rules that governj how they are taxed, only got the termd of their Troubled Asset Relief Programk deal in mid-January. Cynthia Blankenship, vice chairmanj of in Grapevine, was in the front linez on Capitol Hill battlingv for TARP access in her capacity as chairmah of the industry groupof Now, she says, her bank isn’t going to apply. “It’xs pretty expensive capital,” she said.
“If you really had a new line of loan demandd that you could leverage that cost of equity then it wouldmake sense.” Additionally, the stringsd that Congress is likely to attach to the TARP fundas is slowing down some banks, said Petee Weinstock, a banking specialist at Hunton & Williame law firm. Legislation pending in Congress could forcer banks tolend money. The troublw is, “the people you want to loan money don’t want to borrow and the people who want moneyyou don’gt want to lend to,” Weinstock Blankenship says that many communityh bank execs are thinking twice about TARP.
, D-FW’s biggesg bank structured as anS corp, declined to The next largest institutions, Legacy Texa s Bank and , didn’t respond to Colonial Savings, the area’sx fourth largest S corp, said it won’ty apply. In an e-mailed statement, the Fort Worth bank said it has plentifupl capital and capacity to make loans to the right customers withoutgovernment help. S corp banks have untilp Feb. 13 to apply. in Irviny has decided to apply forabout $18 millionm in TARP funds. The which specializes in loans to Asian hotelowners nationally, can put the governmentt money to work immediately, said Sushi Patel, chief lending officer.
“From our perspective, since we’rre such a profitable bank, it makes sense to fill our coffersw and get back to he said. The additional funds mean State Bank can do more business in 2009, Patel said. S corp banks tend to be smalp institutions and can have only a limitecd numberof shareholders. They don’t pay corporatwe income tax, but their shareholders must personally pay tax on their shares ofthe bank’s About 2,500 of the nation’s 8,009 banks are S S corp banks can’t issur preferred stock, which is part of what the government took from big bankxs at the beginning of the process.
Instead, S corp banksd that want access to the Troubledc Asset Relief Program will issue subordinated debt andpay 7.7% per year for the firsyt five years, and 13.8% aftefr that. Those rates are higher than the 5% dividen required with the preferred stock coming from banks structured under Ccorporation rules, but the S corp debt is
One of the last groupz of banks to have rules writtemn for how they could get at some ofthe government’es bailout funds appear hesitant to take the Banks structured as S corporations, a corporate structure namedd for the rules that governj how they are taxed, only got the termd of their Troubled Asset Relief Programk deal in mid-January. Cynthia Blankenship, vice chairmanj of in Grapevine, was in the front linez on Capitol Hill battlingv for TARP access in her capacity as chairmah of the industry groupof Now, she says, her bank isn’t going to apply. “It’xs pretty expensive capital,” she said.
“If you really had a new line of loan demandd that you could leverage that cost of equity then it wouldmake sense.” Additionally, the stringsd that Congress is likely to attach to the TARP fundas is slowing down some banks, said Petee Weinstock, a banking specialist at Hunton & Williame law firm. Legislation pending in Congress could forcer banks tolend money. The troublw is, “the people you want to loan money don’t want to borrow and the people who want moneyyou don’gt want to lend to,” Weinstock Blankenship says that many communityh bank execs are thinking twice about TARP.
, D-FW’s biggesg bank structured as anS corp, declined to The next largest institutions, Legacy Texa s Bank and , didn’t respond to Colonial Savings, the area’sx fourth largest S corp, said it won’ty apply. In an e-mailed statement, the Fort Worth bank said it has plentifupl capital and capacity to make loans to the right customers withoutgovernment help. S corp banks have untilp Feb. 13 to apply. in Irviny has decided to apply forabout $18 millionm in TARP funds. The which specializes in loans to Asian hotelowners nationally, can put the governmentt money to work immediately, said Sushi Patel, chief lending officer.
“From our perspective, since we’rre such a profitable bank, it makes sense to fill our coffersw and get back to he said. The additional funds mean State Bank can do more business in 2009, Patel said. S corp banks tend to be smalp institutions and can have only a limitecd numberof shareholders. They don’t pay corporatwe income tax, but their shareholders must personally pay tax on their shares ofthe bank’s About 2,500 of the nation’s 8,009 banks are S S corp banks can’t issur preferred stock, which is part of what the government took from big bankxs at the beginning of the process.
Instead, S corp banksd that want access to the Troubledc Asset Relief Program will issue subordinated debt andpay 7.7% per year for the firsyt five years, and 13.8% aftefr that. Those rates are higher than the 5% dividen required with the preferred stock coming from banks structured under Ccorporation rules, but the S corp debt is
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