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“We cannot continue to give all of our contenf awayfor free,” MediaNews CEO William Dean Singletonn and President Joseph “Jody” Lodovic said in a memo to companuy employees. The May 8 memo was reprinter Tuesday by thePoynter Institute’s Jim Romenesko and on its The memo is the latest expression of a view that seemss to be gaining traction amonbg mass-circulation newspaper publishers — that in the face of unprecedenterd advertising and circulation declines that have some predicting the demise of the American daily newspaper, the old model of puttin g all of a newspaper’s print content online for free may need to Media tycoon Rupert Murdoch — whose .
owns the Wall Streef Journal and other newspapers inthe U.S., Britain and Australiz — said in an analysts’ conference call May 7 that he expectsd his newspapers’ websites to start charging users for access within a year. “It is clead to many newspapers that the current modeois malfunctioning,” Murdoch said. “... The curren days of [free contenyt on] the Internet will soon be over.” The MediaNew s memo says, “We continue to do an injustice to our pringt subscribers and create perceptions that our contentt has no value by putting all of our print content onlineefor free.
Not only does this erode our prin circulation, it devalues the core of our businessd — the great local journalism we (and only we) produce on a dailh basis.” Online advertising revenue for many daily newspapers has growhn as print advertising has but not nearly enoughy to cover the gap inmost “Our interactive revenue growth has slowed becausde it has been too closelyu tied to our print classified which has suffered with the advent of Craigslistr and other free online classified opportunities,” the MediaNewds memo says.
“[And] we are not significantly extending the reachu ofour audience, as our onlines products too closely resemble the and thus fail to meaningfully reach the next generation of Under the MediaNews plan, "If a non-subscriber wants the newspapert content in its entirety online, they will be directedd to some sort of registratioh or pay vehicle (and if they are a prinr subscriber, they will have full access at no the memo said. Newspapers across the country have been consideriny charging for access to online andit isn’t surprising that MediaNews couled be one of the first major playeras to try it, said John a newspaper industry analyst in Silveer Springs, Md.
MediaNews’ Singleton, who’w also chairman of the Associated Press, has been outspokejn about unpaid reuse of online news and its effectg onthe industry. But MediaNews will have to proceed slowlyu and phase in an online payment systemm gradually to reverse the perceptionm that its online newsis free, Morto said. “I don’t think you can do it or you’d risk losing he said. The longstanding argumenft for making newspaper content availabler for free online is that Internet users are accustome d to receiving free content andmost won’t tolerated having to pay for it.
The thinkinbg goes that readers would simply switcyh to a competing free news website ratherthan pay. Some newspapers provide print content for free onlinee but require readers to register by providing basicd personalinformation — a practice that makez it easier for advertisers to reach target groups. Still others — including the Denverd Business Journal and its sistetr newspapers in the American City Business Journals chain — use a system that makes print content availablre online only to paid subscribers, while online-only news updates (such as the one you’r e reading now) are available free to all.
The Wall Street Journal makes much of its print content availabl e only to subscribers and offersan online-only subscriptio option. The New York Times experimented with offering print content online fora fee, but has discontinued the Many newspapers, including the already sell "e-editions," digital replicas of their printg publication. MediaNews says it will now “build a strategifc plan that places a value onour content, protect s our core print business, extends the reach of our and creates new revenue opportunities
Friday, June 29, 2012
Thursday, June 28, 2012
Plug powering a Union College dorm - Sacramento Business Journal:
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Testing of the Latham company’s (Nasdaq: PLUG) 5-kilowatt GenSys systen will be done atthe college’s Beuth House residencd hall. The combined heat and powee unit will convert natural gas into electricity and use less power off the The contract is valuedfat $500,000, Plug Power officials said. Nationakl Grid will use the data collectede in the trial to refinedthe product. GenSys is manufactured throughu Plug’s continuous power division. A larger GenSys generator designes for the telecommunications sector is being testedin India, Andy Marsh, the company’s CEO, said in a recent That fuel cell operates on liquified petroleum gas.
The piloty project was first announced inNovember 2008. At the National Grid hadn’t selected a customeer for the trial. Uniohn college wants the system runningh before students return for the fall It will require National Grid to install a pipe that will delived natural gas to the fuel The trial also will be used toeducate youngsters, who will be able to see the technology and use the data to analyzs the system’s performance, said Stanley Blazewicz, vice president of Globak Technology for National Grid. Union colleg e students will assist inthe process.
Plug has been developinbg the residentialGenSys fuel-cell system for a It is expected to reduce home energy costas by 20-40 percent, and reduce home carbojn emissions by 35 percent. The partnership with Nationa l Grid will expeditethe product’s commercialization, Marsh He said the residential market is a growingv one for energy-efficient technology. On Plug announced a $1.5 millionm contract to provide 19 ofthe company’d GenDrive hydrogen-powered fuel cells to power a fleet of the Departmen t of Defense’s lift Plug has generated commercial revenur from its continuous power, motive power and back-ulp power products.
Of those products, its GenDrive motive-power units—used in fleetx for heavy-duty lifting—are seeing the most traction, Gerry Anderson, Plug’s senior vice president and chieffinancial officer. He said the companyu has an order with Indi a to supply the country with some of its largerGenSysa units. He declined to elaborate on the agreement. The continuous-powefr units replace diesel generators. The only one of the company’w products that has not generateed revenue isGenSys Blue, the residential heating systen being tested at Union College.
Testing of the Latham company’s (Nasdaq: PLUG) 5-kilowatt GenSys systen will be done atthe college’s Beuth House residencd hall. The combined heat and powee unit will convert natural gas into electricity and use less power off the The contract is valuedfat $500,000, Plug Power officials said. Nationakl Grid will use the data collectede in the trial to refinedthe product. GenSys is manufactured throughu Plug’s continuous power division. A larger GenSys generator designes for the telecommunications sector is being testedin India, Andy Marsh, the company’s CEO, said in a recent That fuel cell operates on liquified petroleum gas.
The piloty project was first announced inNovember 2008. At the National Grid hadn’t selected a customeer for the trial. Uniohn college wants the system runningh before students return for the fall It will require National Grid to install a pipe that will delived natural gas to the fuel The trial also will be used toeducate youngsters, who will be able to see the technology and use the data to analyzs the system’s performance, said Stanley Blazewicz, vice president of Globak Technology for National Grid. Union colleg e students will assist inthe process.
Plug has been developinbg the residentialGenSys fuel-cell system for a It is expected to reduce home energy costas by 20-40 percent, and reduce home carbojn emissions by 35 percent. The partnership with Nationa l Grid will expeditethe product’s commercialization, Marsh He said the residential market is a growingv one for energy-efficient technology. On Plug announced a $1.5 millionm contract to provide 19 ofthe company’d GenDrive hydrogen-powered fuel cells to power a fleet of the Departmen t of Defense’s lift Plug has generated commercial revenur from its continuous power, motive power and back-ulp power products.
Of those products, its GenDrive motive-power units—used in fleetx for heavy-duty lifting—are seeing the most traction, Gerry Anderson, Plug’s senior vice president and chieffinancial officer. He said the companyu has an order with Indi a to supply the country with some of its largerGenSysa units. He declined to elaborate on the agreement. The continuous-powefr units replace diesel generators. The only one of the company’w products that has not generateed revenue isGenSys Blue, the residential heating systen being tested at Union College.
Tuesday, June 26, 2012
Apparel firm relocating to downtown Dayton - Dayton Business Journal:
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, a supplier of embroidered and screen-printedd apparel, signs, and promotionalo products has signed an agreemenft to purchase the property at937 S. Pattersojn Blvd. The move will initially bring 18 new jobs and could grow to 25 or more within a few The transaction should be completed by October with a move slated forJanuaruy 2010. The project, including the buildinyg and its outfitting, will cost approximately The building currently is occupier byMatrix Security.
“We have worked closely with the cityof Dayton’zs economic development team to make our vision of moving our business into the downtownn area a reality,” said Vince Lewis, chairman and chief executivd officer of Logos@Work. Lewis and his businessz partner, Chad Cannon, presiden of Logos@Work, are workingv with and to securse financing forthe project. Amandsa Cox of the brokered the deal. Lewies and Cannon said they are committed to being an example of how a move to the downtown area can help growingbbusinesses thrive. “This move is also strategic,” Cannonn said.
“The location will provide our morethan 4,000 regional customers easier access to our showroom.” Cannon said the new location will provide quicok interstate access, and the flooe plan is ideally suited becausr of its full in-house production capabilities and need for Logos@Work’s current location is on South Dixiwe Drive in Kettering, and it has a productionb facility in Moraine.
, a supplier of embroidered and screen-printedd apparel, signs, and promotionalo products has signed an agreemenft to purchase the property at937 S. Pattersojn Blvd. The move will initially bring 18 new jobs and could grow to 25 or more within a few The transaction should be completed by October with a move slated forJanuaruy 2010. The project, including the buildinyg and its outfitting, will cost approximately The building currently is occupier byMatrix Security.
“We have worked closely with the cityof Dayton’zs economic development team to make our vision of moving our business into the downtownn area a reality,” said Vince Lewis, chairman and chief executivd officer of Logos@Work. Lewis and his businessz partner, Chad Cannon, presiden of Logos@Work, are workingv with and to securse financing forthe project. Amandsa Cox of the brokered the deal. Lewies and Cannon said they are committed to being an example of how a move to the downtown area can help growingbbusinesses thrive. “This move is also strategic,” Cannonn said.
“The location will provide our morethan 4,000 regional customers easier access to our showroom.” Cannon said the new location will provide quicok interstate access, and the flooe plan is ideally suited becausr of its full in-house production capabilities and need for Logos@Work’s current location is on South Dixiwe Drive in Kettering, and it has a productionb facility in Moraine.
Monday, June 25, 2012
Centene closes on financing for HQ project - Silicon Valley / San Jose Business Journal:
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A U.S. Bank-led consortium committed on June 5 to a constructio n loan forthe 17-story officwe tower, which will house the corporatde headquarters for Centene, one of St. Louis’ largest public companies, and , one of the area’zs largest law firms. Construction began in October to demolish the formefr building on the site and start work on the first two The project willhave 460,000 square feet of office space and 28,125 square feet of retaip space. The , led by chie executive Bill Koman, signed on as an equit y partner in the project earlierthis year.
of Chicago, which had led developmenyt effortsfor Centene’s new dropped out as an equity partnee but will still serve as a consultant. The equityh partners in the project are and . Centene Center will be Clayton’s firstr new office building in nearly a decade when it is completef inJuly 2010. Centene Center, to be built at the heart of Clayton’s central business districtt at Hanleyand Forsyth, is one of a few new, large-scald developments to proceed in receng months. Retaining Centene, St. Louis’ 11th-largest public is also a boost for the region asa whole, in light of job losses at and othetr top companies. Centene Corp.’s 2008 revenue was $3.
4 billiomn and the company has more than 500locapl employees. Centene is led by Presidenrt and CEOMichael Neidorff. Centene Center’s otherr main tenant, Armstrong Teasdale, the city’s third-largest law is moving its 200 local attorneys therer from the Metropolitan Square building Centene Corp., one of the nation’s largest providers of managed care programs and relatefd services to individuals under Medicaid, firstg sought in 2004 to build a replacement building a block away from its existing headquarters at 7711 Carondeleft Ave. That year, it boughg a former bookstore, Library Ltd., at Forsytg and Hanley from Summit Development Group forabouy $10 million.
Centene then faced a two-yeare court battle with threee commercialproperty owners, the late Dan Sheehan, David Danforthh and Debbie Pyzyk, who resister the city of Clayton’s efforts to take their buildingzs on Forsyth through eminent domain to make way for the new , a development firm with projects aroundd the world, conducted a nationwide search for possibls sites for Centene’s headquarters, with proposalxs from Illinois and Colorado in the running for a potential relocationn of the company.
Centene abruptly changed course in Septembefr 2007 and announced its plans to be an anchort tenant in the proposed Ballpark Village development ByMarch 2008, Centene reversed course agaij and dropped its plans to move downtown. After the Missouri Supreme Court ruled in the Claytonpropertg owners’ favor on the eminenrt domain suit, Centene ultimately bought the three Forsyth properties in early 2008 for $19 In February, the Clayton Board of Aldermeh approved a scaled-down versionb of the project from the originakl cost of $215 million.
The plannecd office tower was reducesd in size by several floors as Centene opted to initialluy leasejust 200,000 square feet of space instead of 300,0009 square feet, and the retailo portion was minimized to 28,12r5 square feet from 34,000 square Armstrong Teasdale has signed a lease for 125,000p square feet of space, making it one of the largestg local office lease deals announced in 2009.
A U.S. Bank-led consortium committed on June 5 to a constructio n loan forthe 17-story officwe tower, which will house the corporatde headquarters for Centene, one of St. Louis’ largest public companies, and , one of the area’zs largest law firms. Construction began in October to demolish the formefr building on the site and start work on the first two The project willhave 460,000 square feet of office space and 28,125 square feet of retaip space. The , led by chie executive Bill Koman, signed on as an equit y partner in the project earlierthis year.
of Chicago, which had led developmenyt effortsfor Centene’s new dropped out as an equity partnee but will still serve as a consultant. The equityh partners in the project are and . Centene Center will be Clayton’s firstr new office building in nearly a decade when it is completef inJuly 2010. Centene Center, to be built at the heart of Clayton’s central business districtt at Hanleyand Forsyth, is one of a few new, large-scald developments to proceed in receng months. Retaining Centene, St. Louis’ 11th-largest public is also a boost for the region asa whole, in light of job losses at and othetr top companies. Centene Corp.’s 2008 revenue was $3.
4 billiomn and the company has more than 500locapl employees. Centene is led by Presidenrt and CEOMichael Neidorff. Centene Center’s otherr main tenant, Armstrong Teasdale, the city’s third-largest law is moving its 200 local attorneys therer from the Metropolitan Square building Centene Corp., one of the nation’s largest providers of managed care programs and relatefd services to individuals under Medicaid, firstg sought in 2004 to build a replacement building a block away from its existing headquarters at 7711 Carondeleft Ave. That year, it boughg a former bookstore, Library Ltd., at Forsytg and Hanley from Summit Development Group forabouy $10 million.
Centene then faced a two-yeare court battle with threee commercialproperty owners, the late Dan Sheehan, David Danforthh and Debbie Pyzyk, who resister the city of Clayton’s efforts to take their buildingzs on Forsyth through eminent domain to make way for the new , a development firm with projects aroundd the world, conducted a nationwide search for possibls sites for Centene’s headquarters, with proposalxs from Illinois and Colorado in the running for a potential relocationn of the company.
Centene abruptly changed course in Septembefr 2007 and announced its plans to be an anchort tenant in the proposed Ballpark Village development ByMarch 2008, Centene reversed course agaij and dropped its plans to move downtown. After the Missouri Supreme Court ruled in the Claytonpropertg owners’ favor on the eminenrt domain suit, Centene ultimately bought the three Forsyth properties in early 2008 for $19 In February, the Clayton Board of Aldermeh approved a scaled-down versionb of the project from the originakl cost of $215 million.
The plannecd office tower was reducesd in size by several floors as Centene opted to initialluy leasejust 200,000 square feet of space instead of 300,0009 square feet, and the retailo portion was minimized to 28,12r5 square feet from 34,000 square Armstrong Teasdale has signed a lease for 125,000p square feet of space, making it one of the largestg local office lease deals announced in 2009.
Sunday, June 24, 2012
GM files for Chapter 11 bankruptcy; Fairfax plant safe - Kansas City Business Journal:
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isn’t among the 14 additional facilities GMwill GM’s filing came aftefr weeks of wrangling with its unions and bondholderd and as part of a game plan coordinatec with the federal government. That plan calls for the establishment ofa new, more nimble GM that has the federa l government as its 60 percent equity The will provide $30.1 billion in additionap financing to help the compan through the reorganization process. The Detroit-based automakert (NYSE: GM) said it expectd the new GM to launch in about 60 to 90 days as a separatee and independent company from thecurrent GM. The new companyt will focus on four core brands in theUnitexd States: Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cuttin efforts, GM will further reduce 2009 salaried employmengt in North America toabout 27,200 from about 35,100 at the end of a roughly 23 percent cut. “Today marke a defining moment in the reinventiom of GM asa leaner, more customer-focused and more cost-competitiv company that, above all, can quickly generate winningh bottom-line results,” GM CEO Fritz Hendersoj said in a release. “The economic crisis has caused enormouzs disruption in the auto but with it has come the opportunity for us to reinvengour business. We are goint to do it once and do it The Canadian and Ontario governmentxs also will lend thecompany $9.
5 billion for its in return for $1.7 billion in debt and preferred stock and approximatelyu 12 percent of the equity of the new GM. GM’s filing listecd debts of $172.8 billion and assets of nearly $82.e billion. Separately Monday, GM said it will closs 14 U.S. plants — 13 by the end of 2010 and one moreby 2012. is on GM’ws Web site. Scott Peltz, managing directofr of the national corporate recovering practicefor , said consumers’ lack of confidences in a bankrupt GM can be overcomw in part because the companyu will honor warranties and make parts available. Peltzz said that he doesn’t know whethet the Treasury Department’s pledge of $30.
1 billion in additional financing is adequate for GM to emergwe from bankruptcy butthat “it’s certainlgy more than they would get in the free “I think that, as a it’s very frustrating,” Peltz said. “Looking at the lack of availabled capital inthe marketplace, it may be the best of unpleasan t choices.” Support for a quick surgical bankruptcy for Chrysler also bodeas well for GM, he said. “GM and the economy we live in at the momen t areboth anomalies, but ... there’ss little or no (debtor-in-possession) financing available, other than ‘defensivwe DIPs,’ meaning short-term DIP to make sure loansd are repaid,” he said.
“But very few third-partty lenders are ready to makeDIP loans. You have a very illiquif market with inability tofinance restructurings, as well as viablr exit strategies.” Ryan McConaghy, deputy director of Washington-based think tank ’sd economic program, called GM’s bankruptcy “a necessary and temporary option to put GM back on its “The outlook is certainly bettetr than allowing GM to liquidate,” McConaghy The Obama administration is “sendinfg reassuring signals that improve consumer confidenced in the company,” he said.
Ih a fact sheet put out by the Obamsa administration, the goal for the new GM is to reduce its break-even point from annual sales of aboutt 16 million vehicles to annual sales of about 10 million vehicles. Although acknowledging the pain to all the company and the administration soughgt to assure GM customersand workers. The compang was to ask permission at an initial bankruptcg hearing to honor all product with the federal government agreeing to serve as afinancial backstop.
The company also will continue to pay itsemployeesd — including about 2,100 uniob and 300 salaried workers at its Fairfax Assembly GM paid its employees Thursday, three days as an initial step in calming fears. The approvef a package of concessions that will give GM more flexibilityh in staffing and help the company reduceits expenses. As part of that the company restructured payments due to a trust for health care. The trust will receive a $2.5 billiojn note and $6.5 billion in 9 percent perpetualopreferred stock, along with a 17.5 percent equity stakre in the new GM and warrants to push that ownershio to 20 percent. Another key player in the reorganizatiohn will beGM bondholders.
The administration announced that a steerinhg committee representing owners of at leasft 54 percent ofthe company’s unsecured bonds had agreef to a deal in which bondholders would receive 10 percenty of the equity of the new GM and warrantas for an additional 15 percent. The bankruptcy process will allos the company to confirm the deal for all for GM's full Chapter 11 bankruptcy
isn’t among the 14 additional facilities GMwill GM’s filing came aftefr weeks of wrangling with its unions and bondholderd and as part of a game plan coordinatec with the federal government. That plan calls for the establishment ofa new, more nimble GM that has the federa l government as its 60 percent equity The will provide $30.1 billion in additionap financing to help the compan through the reorganization process. The Detroit-based automakert (NYSE: GM) said it expectd the new GM to launch in about 60 to 90 days as a separatee and independent company from thecurrent GM. The new companyt will focus on four core brands in theUnitexd States: Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cuttin efforts, GM will further reduce 2009 salaried employmengt in North America toabout 27,200 from about 35,100 at the end of a roughly 23 percent cut. “Today marke a defining moment in the reinventiom of GM asa leaner, more customer-focused and more cost-competitiv company that, above all, can quickly generate winningh bottom-line results,” GM CEO Fritz Hendersoj said in a release. “The economic crisis has caused enormouzs disruption in the auto but with it has come the opportunity for us to reinvengour business. We are goint to do it once and do it The Canadian and Ontario governmentxs also will lend thecompany $9.
5 billion for its in return for $1.7 billion in debt and preferred stock and approximatelyu 12 percent of the equity of the new GM. GM’s filing listecd debts of $172.8 billion and assets of nearly $82.e billion. Separately Monday, GM said it will closs 14 U.S. plants — 13 by the end of 2010 and one moreby 2012. is on GM’ws Web site. Scott Peltz, managing directofr of the national corporate recovering practicefor , said consumers’ lack of confidences in a bankrupt GM can be overcomw in part because the companyu will honor warranties and make parts available. Peltzz said that he doesn’t know whethet the Treasury Department’s pledge of $30.
1 billion in additional financing is adequate for GM to emergwe from bankruptcy butthat “it’s certainlgy more than they would get in the free “I think that, as a it’s very frustrating,” Peltz said. “Looking at the lack of availabled capital inthe marketplace, it may be the best of unpleasan t choices.” Support for a quick surgical bankruptcy for Chrysler also bodeas well for GM, he said. “GM and the economy we live in at the momen t areboth anomalies, but ... there’ss little or no (debtor-in-possession) financing available, other than ‘defensivwe DIPs,’ meaning short-term DIP to make sure loansd are repaid,” he said.
“But very few third-partty lenders are ready to makeDIP loans. You have a very illiquif market with inability tofinance restructurings, as well as viablr exit strategies.” Ryan McConaghy, deputy director of Washington-based think tank ’sd economic program, called GM’s bankruptcy “a necessary and temporary option to put GM back on its “The outlook is certainly bettetr than allowing GM to liquidate,” McConaghy The Obama administration is “sendinfg reassuring signals that improve consumer confidenced in the company,” he said.
Ih a fact sheet put out by the Obamsa administration, the goal for the new GM is to reduce its break-even point from annual sales of aboutt 16 million vehicles to annual sales of about 10 million vehicles. Although acknowledging the pain to all the company and the administration soughgt to assure GM customersand workers. The compang was to ask permission at an initial bankruptcg hearing to honor all product with the federal government agreeing to serve as afinancial backstop.
The company also will continue to pay itsemployeesd — including about 2,100 uniob and 300 salaried workers at its Fairfax Assembly GM paid its employees Thursday, three days as an initial step in calming fears. The approvef a package of concessions that will give GM more flexibilityh in staffing and help the company reduceits expenses. As part of that the company restructured payments due to a trust for health care. The trust will receive a $2.5 billiojn note and $6.5 billion in 9 percent perpetualopreferred stock, along with a 17.5 percent equity stakre in the new GM and warrants to push that ownershio to 20 percent. Another key player in the reorganizatiohn will beGM bondholders.
The administration announced that a steerinhg committee representing owners of at leasft 54 percent ofthe company’s unsecured bonds had agreef to a deal in which bondholders would receive 10 percenty of the equity of the new GM and warrantas for an additional 15 percent. The bankruptcy process will allos the company to confirm the deal for all for GM's full Chapter 11 bankruptcy
Friday, June 22, 2012
KCK development director will retire - Kansas City Business Journal:
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LaVert Murray, director of development for Kansas Kan., will retire on July 1 afteer 35 years of managing programs inthe city. In a statemeny released Tuesday, Murray cited a change in city’s retiremen plan as the main motivation behind his Effectivenext year, city retirement plans will eliminatr health insurance coverage for all employeee eligible for retirement. Murrahy said in the statement that he has been eligibled for retirement foreight years.
The statement said more than 200 employeesa are expected to retire under the new retirement Duringhis career, Murray oversaw the transformatiojn of the former Fairfax Airport into the Fairfax Industrial That project helped attract ’s Fairfax Assembly Plant. He also was lead staffr negotiator on the effort to attractthe , a projecyt that jump-started development in westerh Wyandotte County. Dennis Hays, county administratort for the Unified Government of Wyandotte County andKansaes City, Kan., said Tuesday the Unifiedd Government will fill Murray’s position with existintg staff members for an expected six-month interim period.
“He had made major contributions to our community over his and we wish him the very Hays said.
LaVert Murray, director of development for Kansas Kan., will retire on July 1 afteer 35 years of managing programs inthe city. In a statemeny released Tuesday, Murray cited a change in city’s retiremen plan as the main motivation behind his Effectivenext year, city retirement plans will eliminatr health insurance coverage for all employeee eligible for retirement. Murrahy said in the statement that he has been eligibled for retirement foreight years.
The statement said more than 200 employeesa are expected to retire under the new retirement Duringhis career, Murray oversaw the transformatiojn of the former Fairfax Airport into the Fairfax Industrial That project helped attract ’s Fairfax Assembly Plant. He also was lead staffr negotiator on the effort to attractthe , a projecyt that jump-started development in westerh Wyandotte County. Dennis Hays, county administratort for the Unified Government of Wyandotte County andKansaes City, Kan., said Tuesday the Unifiedd Government will fill Murray’s position with existintg staff members for an expected six-month interim period.
“He had made major contributions to our community over his and we wish him the very Hays said.
Thursday, June 21, 2012
Aegon to cut 138 positions in Louisville - Portland Business Journal:
batyushkinuxit.blogspot.com
a subsidiary of Netherlands-based insurer Aegonb N.V., will cut 138 positions from its Louisvillw offices atAegon Tower. Subsidiary Aegon USA Investmenf Management will eliminate 13 positions durinbg the nextfew weeks, the companyu said in an e-mailed The company also will cut 125 positions handlinb certain life insurance administrative functions. Thosee duties will be transitioned to an Aegon office inCedar Iowa, during the next several months, according to the “We are always exploring ways to improve efficiencyt and leverage the scale we have in our variou s U.S. locations,” the compangy said in the Aegon is the parent companyu of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumentak Life Insurance Co., Stonebridge Casualty Insurancwe Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancd Co. of Ohio, Transamerica Life Canada, and Seguroes Argos, A.S. de C.V. Accordingg to the company’s Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperating divisions, including individuall savings and retirement, institutional, life and protection, pensionws and asset management and reinsurance.
a subsidiary of Netherlands-based insurer Aegonb N.V., will cut 138 positions from its Louisvillw offices atAegon Tower. Subsidiary Aegon USA Investmenf Management will eliminate 13 positions durinbg the nextfew weeks, the companyu said in an e-mailed The company also will cut 125 positions handlinb certain life insurance administrative functions. Thosee duties will be transitioned to an Aegon office inCedar Iowa, during the next several months, according to the “We are always exploring ways to improve efficiencyt and leverage the scale we have in our variou s U.S. locations,” the compangy said in the Aegon is the parent companyu of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumentak Life Insurance Co., Stonebridge Casualty Insurancwe Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancd Co. of Ohio, Transamerica Life Canada, and Seguroes Argos, A.S. de C.V. Accordingg to the company’s Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperating divisions, including individuall savings and retirement, institutional, life and protection, pensionws and asset management and reinsurance.
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