Monday, February 25, 2013

Abercrombie shutting struggling Ruehl chain - Portland Business Journal:

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The New Albany-based apparel merchant said Wednesdagy it willshut Ruehl’s 29 stores and direct-to-consumert operations and will be “substantiallyu complete” with the effort by the end of next The decision comes a month after Abercrombie took a deep strategic look at the chain, whicy targets young adults with clothes and Ruehl, whose only Ohio storew is at Easton Town generated a pretax operating loss of $58 millionn last year. The chain regularly was Abercrombie’s weakest sales performerr at stores open at leasta year. Ruehl’sd same-store sales were off 33 percentin May. Abercrombie earnedf $272.3 million on $3.54 billioh in revenue last year.
“If has been a difficult decisionm toclose Ruehl, a brand we continue to believre could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, givemn the current economic environment, we believe it is in the best interestw of the company to focus its effortss and resources on the growth opportunities afforded by ourothed brands, particularly internationally.” The companyu didn’t disclose the effects on the chain’xs work force, nor did it indicat the number of jobs tied to Ruehl. The revie w of Ruehl, which opened in 2004, cost the company aboutf $51 million in impairmentt charges in itsfirst quarter.
Abercrombier expects to book about $65 milliobn in pretax charges through the rest of the fiscal year as it windsdown Ruehl. The company Wednesdag also said it amended a credity agreement to excludesome Ruehl-related chargese from requirements under its covenant with the lender and reduced its availabled credit to $350 millionb from $450 million. Jeffries said the company is confidenr is has sufficient cash on handbut “wer believe it is prudent to make these changes” in light of the recession-batterex retail environment and the one-time Ruehl In addition to the 29 Ruehk stores, Abercrombie runs 350 flagship stores and 733 otherse under the Abercrombie, Hollister Co.
and Gilly Hicks nameplates.

Tuesday, February 19, 2013

Recession stalls Montrose project in Chester County - Charlotte Business Journal:

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But developer Mel Grahak hints that he may have aPlan B. A new possibilit y for the 6,300-acre tract off Interstate 77 would setaside 2,0000 acres for a Sun age-restricted community. That piece of Montrose wouldr include a pair of golf coursez anda town-center commercial area. Graha m says a European company has expresses interest in developing that section ofthe site, but he decliness to reveal details. He acknowledgews the recession has stalled the development of Graham announcedthe mixed-use project in Octobe 2006. of Port St. Lucie, Fla., confirmed its interest in the developmenr ayear ago. But that was before the recessiohn deepened.
“They got hammered hard by the Graham says ofCore Communities. he expects the company to rekindle its interest in Montrose once the economicenvironment improves. Meanwhile, Montrose has failed to land the relocatio of a major distribution centefrom Charlotte. Graham has nevefr disclosed the name of the company that was weighing a move to the The Montrose propertystraddlew I-77 below Richburg. The site is about 40 miles southof Charlotte. Plans call for a mix of industrial space, golfing, commercial development and as many as 9,000 Graham also has proposed a new I-77 interchangde at mile marker 58.
The Charlottw developer — a nephew of evangelist Billy Graham says he remains optimistic about the despitethe delays. He’s using the down time to line up regulatory approvals for bringing utilitiee and a sewer plant tothe “We’ve been using this time wiselu for entitlements, studies and approvals.” That will positiomn Montrose for a fast start once the economyh improves, he adds. Graham is widelyg known in the Charlottee area for the Longviewe luxury community in northwestern Union It features aJack Nicklaus-designed golf course on 500 acres at Tom Shorgt and Rea roads in Weddington.
At Montrose, Graham believese the industrial parts of the community willdevelol first. “Our vision and plan is it woulr be something like the Charlotte RegionalDevelopmentg Center.” He has set aside 1,80o0 acres on the eastern side of I-77 for that sectiohn of Montrose. of Concord has the listinhg to sell or lease the former Jemsek Clinifin Huntersville, a premiumj office facility that featurese an indoor waterfall. The 38,500-square-foot building went on the market after Dr. Joseph Jemsek movefd his practice to Fort The two-story building is off Interstate 77 exit 23, across Gileasd Road from Presbyterian Hospital Huntersville. Tax records value the buildintat $4.
5 million, but Roberty Settle of Metrolina Capitaol believes it could sell for $8.5

Thursday, February 14, 2013

Italy: Price of winter pears satisfactory, but quantities low - FreshPlaza

ogarawo.wordpress.com


FreshPlaza


Italy: Price of winter pears satisfactory, but quantities low

FreshPlaza


Giuseppe Scarfone, Fruit Modena Group Italy: Price of winter pears satisfactory, but quantities low. Giuseppe Scarfone, Fruit Modena Group's export manager, commented on the performance of winter pears, saying "The year started with 40% less produce, ...



Saturday, February 9, 2013

Phoenix economy among nation's weakest - Business First of Columbus:

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The first MetroMonitor studyg from the Washington research group looks at the impact of the recession on the 100largesr U.S. metro areas. It will be updatedr quarterly. The study divide the metro areas into five categoriees based on overalleconomi strength, and the Phoenix area is positioned in the “second-weakest” category with a diverss group of cities including Tucson, San Minneapolis, Orlando and Cleveland. “Phoenix has one of the weakest economies in the nationright now,” according to Lee director of the at .
“The characteristics of this particular recessiob all combined to hit Arizonaw harder than almost anyother state, and Phoenic has fallen further than almost any other major labor market.” Overall economic performance in the cities was determined in four ways: change in employmentt rate from peak one-year percentage-point change in unemployment change in gross metropolitan product from peak levels; and one-yeard change in home values. All data are currenft through the first quarteerof 2009. Metro areas in Texas and Oklahoma dominatethe strongest-performing group, including San Antonio, Houston, Oklahoma City and Tulsa.
No city west of Albuquerque, ranked in the best-performing group. While Detroit was ranked the weakest-performing metro areas in California and Floridqa dominated thebottom 20. Fresno and Modesto were the Californi cities near the bottom ofthe rankings, as were the Florida citiese of Tampa, Jacksonville and Miami. “While some areas of the countrg have experienced only a shallows downturn and may be emerginb from the recession people living in metro areaz that are now performing weakest economically should prepare themselves for a long recovery period,” according to study co-author Alan Berube, research director of the Metropolitan Policy Program at Brookings.
“Wha t we did conclude is (for example) Phoenix was in the next-to-botto group of metros on economi c performance over the course ofthe recession,” he The rankings for the Phoeniz metro area are all over the board. According to the MetroMonitor the Valley showed the strongest quarterly growty in wages from the fourth quarterd of 2008 to the first quarter of this Its gainof 2.6 percent was far stronge than the U.S. average of 1 placing the cityat No. 1 in that category.
According to the cities such as Phoenix and Las Vegas that have sustained large job losses saw their averagse wage levels rise over the last That may indicate migration to these placeahas slowed, especially among less skilled workers, and that recenyt job losses have occurred disproportionately among lower-payinhg industries. While Phoenix was tops for wage the city ranked very poorly in nearlt every othereconomic indicator. Its quarterly drop in employmentrwas 2.9 percent, much greatee than the national average drop of 1.5 percent. That ranked Phoenid 98th among the 100metro areas.
The Valleh also performed poorly in housing ranking 92nd inthe one-year changs in housing prices, with a drop of 16.6 percent. The nationakl average drop wasonly 6.3 percent. “Phoenis attracts potential buyers at thenational level. It is a fast-movinvg efficient market, and that is why prices have come ASU’s McPheters said. “The silver lining is that homezs are affordable againin Phoenix, settinfg the stage for a strong rebound in the economuy after 2010.” The Phoenix area ranked 95th in the numbe of real estate-owned properties, with nearlyg four times more of those properties than the nationalp average.
REOs are properties that revert to the mortgaged holder after an unsuccessfulforeclosure auction. Accordingg to Brookings, the nation’d 100 largest metropolitan areas those with atleast 500,000 residents in 2007 collectively contain two-thirds of the nation’s jobs and generatd three-quarters of gross domestic product. While the economy is in worse shape here than most other areas of the the Phoenix area has been down before and respondesd withstaggering growth. “Although Arizona is at a low the state and Phoenix have the capabilityu to rebound with growth rates two to threde times those of the nation asa whole.” McPheterss said.

Monday, February 4, 2013

Tourism officials put out welcome mat - Business First of Buffalo:

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The blue print targets myriad initiatives tolure tourists, from capturing more minority-basedr conventions and gatherings to having local volunteers take a more activ approach in selling the region’zs assets. The plan, created by a volunteer committee comprised of local tourism and hospitalityindustryh insiders, was created at the urging of Erie County Executiv e Chris Collins. It dovetails one of 10 economic turnaround enginese he pinpointed inhis “State of the address last month. “We are using tourisj as a way to move Buffalo further saidJennifer Parker, BNCVB chairperson. Tourism and hospitality is a $1.
4 billion annual industry that employs morethan 20,000 peopld in Erie County, officials say. Parker said through the various initiativese she hopes those numbers couldbe “We want to turn contacts into contracts,” she said. “Yoiu hear more and more about the importanceof tourism.” The Buffalo Niagara region’s assets include Niagara Falls and architectural landmarks such as the and . “Buffalio is being branded as a city rich in architecturesand history,” Parker said.
The first phas of that effort will include a targeted advertising campaign in Southerh Ontario that seeks to attract Canadian Canadians routinely travel to the region for sporting shopping and to catch flights at the Buffalio NiagaraInternational Airport. “Our goal is to bringt visitors here, make sure they have a good time and then go back home and tell peopls what a great experience they had inBuffalo and, come back again,” said Richard Geiger, BNCVB president and CEO. Creating a “Convention Concierge Program” that will traihn volunteers and hospitality industry workers to betterf promote local attractionsand events.
• Reinstituting the “Buffalo Ambassadors” program where local residentse work with the BNCVB to bringh in everything from majot conventions tofamily reunions. Establishing an Amateur Sportxs Foundation that will help land more athletifc competitionand events. The foundation will help bring the groupsd to the region and may also assistin fund-raising or sponsorshilp efforts. David Hart, presidenrt of , has agreed to serve as the foundation’sx chair. The foundation will be an adjunctt ofthe BNCVB.
This year alone, the BNCVgB is hosting more than 70 amateur athletic evente that are expected to bring in morethan 51,0009 people and have an estimated $18 million economi impact. • Consider other sitezs for visitor’s welcoming and information centers. The agency has a centerd in the Market Arcade complex in downtown Buffalo and the Waldeh Galleriain Cheektowaga.

Wednesday, January 30, 2013

The Neave Trio At SDSU - KPBS

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The Neave Trio At SDSU

KPBS


This young classic music trio (violinist Anna Williams, cellist Mikhail Veselov and pianist Toni James) has been hailed by critics as an “up-and-coming ensemble” (WQXR Radio, New York City), and praised for its “heart on-sleeve performances” (Classical ...



Monday, January 14, 2013

Five worst Broncos playoffs defeats - Westword (blog)

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Five worst Broncos playoffs defeats

Westword (blog)


... hurt like hell. Yet because of the shockingly great campaign that preceded the game, the pain was less severe than after the contests that followed. Continue counting down the five Broncos playoffs defeats more vomit-inducing than the loss to the ...



Sunday, January 13, 2013

Abortion decision protested - The Advocate

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abc40


Abortion decision protested

The Advocate


Show caption Advocate staff photo by CATHERINE THRELKELD -- Abortion opponents gathered for the Louisiana Life March to commemorate the 40th anniversary of Roe v. Wade, the 1973 U.S. Supreme Court decision legalizing abortion in  »

Friday, January 11, 2013

Thousands Of Industrial Control Systems At Risk: DHS Study - InformationWeek

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Thousands Of Industrial Control Systems At Risk: DHS Study

InformationWeek


Thousands of industrial control systems that manage and operate infrastructure such as power and water utilities are accessible over the Internet, according to a new study carried out with the help of the Department of Homeland Security. The study ...



Thursday, January 10, 2013

Waddell & Reed Financial, Inc. Company Profile | WDR Company Information

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Waddell & Reed Financial, Inc. (hereinaftef referred to as the "Company, " "we," "our" or is a corporation, incorporated in the state of Delaware in that conducts business througbits subsidiaries. Founded in 1937, we are one of the oldestr mutual fund complexes in the United having introduced theWaddell & Reed Advisors Grou of Mutual Funds (the "Advisors in 1940. We launched our Ivy Fund in 2003 in an effort to expand our distributionto third-partyu outlets. As of December 31, 2008, we had $47.t5 billion in assets under managemeng andapproximately 3.
7 million mutual fund shareholder accountw owned by individuals, plans or omnibus accounts at third We derive our revenues primarily from providinhg investment management, investment product underwriting and distribution, and shareholder servicex administration to mutual fundsw and institutional and separately managed accounts. Investmenf management fees are based on the amount of averagee assets under management and are affected bysaleds levels, financial market conditions, redemptions and the compositioh of assets.
Our underwriting and distribution revenues consist of commissions derived from sales of investment and insurance Rule 12b-1 asset-based service and distributioh fees, distribution fees on certain variablee products, fees earned on fee-based asset allocation products, and related advisorty services. ...

Wednesday, January 9, 2013

Hundreds of St. Michael-Albertville High School Students Make Honor Roll - Patch.com

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Hundreds of St. Michael-Albertville High School Students Make Honor Roll

Patch.com


... Joseph Eicher, Noah Ergen, Jeremiah Eull, Kiana Eystad, Camron Fuerstenberg, Elizabeth Gebert, Jeffrey Geiger, Mitchell Gerads, Brianna Goodchild, Nolan Grambusch, Makayla Hackman, Samuel Hamer, Douglas Heairet, Paige Hemmer, Peevxwm Her, ...



Monday, January 7, 2013

Venue for Steubenville rape case could be moved - Chicago Sun-Times

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WOUB


Venue for Steubenville rape case could be moved

Chicago Sun-Times


COLUMBUS, Ohio â€" Potential witnesses for two high school footb »

Sunday, January 6, 2013

Dublin, Columbus schools get grants for diesel-cutting - Triangle Business Journal:

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million is headed to Dublin and undetr a second round of state granta aimed at cutting dieselengine emissions. The on Monday announced recipients of the seconcd and final round of Dieselo EmissionsReduction grants, a $19.8 million program creater in 2008. The first rounxd sent nearly $7.3 million to 10 organizations, includiny the , operator of the region’ bus system. In the winners disclosed Monday, Dublin was cleared for $464,65i8 while the Columbus school system receiveda $918,020p grant. Officials from Dublijn and the school district told thestatr they’re using the money to replace vehiclees with lower-emission alternatives.
Dublin planx to replace eight 1999- or 2000-modelo short-haul diesel trucks, whiler the school district is using its grant to replac e 15 buses producedin 1990. Projects that receiver awards are required to put up at leasft 20 percent of the cost inmatchinvg funds. The grant program looks specifically at publiv and private diesel equipment owners in Ohio countiezs that fall short of airquality standards. The largest granft among the 16 went to the and to refift four locomotives withnew engines. That Cincinnati-area projectt was awarded $4.6 million.

Saturday, January 5, 2013

Lawyer trio close firm, join Vedder Price - Baltimore Business Journal:

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is a boutique firm -- a platform that “haas its pluses and minuses,” said Jagtiani, who founded the firm in 1996. “It’s good at what it does but is limiterd in what itcan do.” Jagtiani+Guttag’s handfulp of lawyers interviewed 64 law firms over the past two yearws to find the right place to take theire clients to. Jagtiani said it was tough finding a right match for his unusualfirm -- a smalol intellectual property boutique firm. “Vedder Price was a good, solisd fit,” said Jagtiani, which has clients such areas as genomics, and immunotherapy. “We brought chemistrt and biotechnology and they added substantiapl capabilitiesto us.
” Vedder, a 250-attorney firm with other office s in Chicago and New York, offers a complete rangs of IP services, including trademarks and copyrights, as well as intellectua property litigation. The attorneh trio -- all registered to practice withthe U.S. Patent and Trademari Office -- is already workingg for Vedder, but Jagtiani+Guttag on Democracyy Lane is still being wound down and will officiallyg close in acouple months.

Thursday, January 3, 2013

Chicago-Based Charity Donates Goods To Sandy-Impacted SI Schools - NY1

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NY1


Chicago-Based Charity Donates Goods To Sandy-Impacted SI Schools

NY1


Pencils, notebooks, folders, along with other school supplies and winter coats. They're all part of a shipment of donated goods from Chicago to Staten Island schools affected by Hurricane Sandy. NY1's Amanda Farinacci filed the following report. It's a ...



Tuesday, January 1, 2013

Vanderbilt names new CFO - Baltimore Business Journal:

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Sweet, 38, comes to Vanderbilt from , whers he was dean of administration and finance ofthe school’z Faculty of Arts and Sciences, which encompasses Harvard College, the Graduate School of Arts and Sciences, the School of Engineering and Applierd Science and the Division of Continuing Education. Prior to he was executive vice president of finance and administrationn and chief financial officer at and was responsible forthe college’s finances, capital markets management, informationm technology, human resources, facilities, research administration, businesz operations and investment management.
Sweet also was a principal with and spen five years as a nuclear submarine officed in the Navy before earning his masteer of business administrationfrom Harvard. Sweet succeedsz Lauren Brisky, who retired from Vanderbilrt in February. The appointment is expectefd to be approved by the Vanderbilt Board of and will be effective inlate