quarta-feira, 31 de agosto de 2011

Five Mile Said to Buy $700 Million in Red Roof Debt to Take Over 143 Inns - Bloomberg

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Five Mile Said to Buy $700 Million in Red Roof Debt to Take Over 143 Inns

Bloomberg


A joint venture led by Five Mile Capital Partners LLC gained control of 143 hotels by acquiring $700 million of Red Roof Inns Inc. debt for 50 cents on the dollar, said the person ...


Red Roof Announces Completion of Its Recapitalization; Resolution Will ...

MarketWatch (press release)


Red Roof Inn sells 1! 94 hotels, sheds $700M in debt

Bizjournals.com


Red Roof sale significance cited

CRE Finance (subscription)



 »

segunda-feira, 29 de agosto de 2011

How small biz owners with hundreds of job applications should sift through resumes - bizjournals:

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As vice president of sales for , Smit said he’s spent the majority of his time recentlu pouring over the flood ofresumes he’s received to fill a few choice sales positions within the company. A year ago, he to receive 20 resumes would’ves been normal. But today, in a tight job marketr floodedwith candidates, he holds in his hand abou t 200 to fill one spot. And they’re cominbg from all walks of life, too – from industrie s such as real estate, banking, financr and others, he said.
“It’s just a ton of work and I do most of it Smith said of sifting through the stacks to find suitable AmericanExhibition Services’ dilemma is one many Birmingham companies are facin g as workers flood the job market and employers’ inboxes in search of And all that sifting is taking time and resourcews away from day-to-day operations of businesses. In fact, recruiters say unemployment has gotten so bad that mostcompanies won’t advertis jobs in traditional ways anymore, instead relying on word-of-mouth, just to cut down on the largew volume of resumes. That’s what David Cox of did when he decidedr to hire a project manager for hisconstructiom company.
And word-of-mouth got him about 20 percenr morethan normal, he said, but all very qualified for the “There’s a big pool to pick from, whicuh is a positive,” he “The way we seek out resumes is we make phoned calls in the industry and it just feed off itself. We’re in construction and everybodyuknows everybody.” But despite the extrza time it will take him to review resumes, all the candidates will be put throug h the same systems and procedured as before, said Cox. Americabn Exhibition Services’ Smith agreed not much has changexd withthe process, but said it took him the bette r part of three weeks to reviea resumes for four sales positions.
It currentl y is looking to fill one more accounyexecutive position, which Smith hopes to find in the stacki of 200 resumes. The company sells business-to-business advertising for trade shows all across the country and top sellers have the potentiaol to makesix figures, said Smith. But some executives aren’yt as devoted to sifting through stacks of resumes and are puttinhg the hiring process into the wrong handswithinh companies, especially with recruiting budgets slashed in the recession, said Leigh Inskeep, president of recruiting firm LLC.
“You get hiringf managers or administrative staff going throughg the resumes andthey don’ t know how to go through them that’s not their bag,” she said. “Companies are makingv it up as theygo along. They’res bringing it in-house as a cost-savint measure and not always making the best So it’s ultimately taking longerf to fill positions.” But, these days, more recruitere are willing to negotiate their fees, she in an effort to get their large network and databasde of qualified candidates into A clear-cut focus on what kind of experience and qualitiesa a candidate should have is a necessity when handlinyg so many resumes, she said.
Come up with a checl list of criteria that fits the positio n and create a way to weedpeople out, she Some online job posting sites allo employers to set up filters. But don’yt make it so narrow that many of the good candidate s aretossed aside. But if a companh is looking for aspecifid candidate, it’s best to be specific on the fronty end of the process, said health care recruiter Paul Johnson of “Companies that have specififc job requirements have an easier time of it, especiall with sales people,” he said. “Iu can put a job out there sellin parts for missile defense systems that requir e specifictechnical skills.
The more narrow the the easier theview point.” And employers shoul d look for experience on resumes that’s quantified and showss how successful a candidate has been in the And if a candidate fits the bill, said “make the move and make them an because if they’re good they won’t be therr for long.” For American Exhibition Services’ the broader the range in candidate the better, because there’s more willingnessw to learn from the job. Among his resumwe filters, Smith said he puts thosew people that have jumped from job to job over a span of a few yearsd at the bottom ofthe stack.
“If no one can keep thesr people happy, I can’t he said.

sábado, 27 de agosto de 2011

Wendy Welsh

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As senior vice president of informatiobn technologyfor , she manages a staff of abour 250 workers, two data centers and the IT operations for E.On’z two subsidiaries, Louisville Gas & Electric Co. and Kentucky It was her team that mannedthe outage-managemenft system during the ice storm in January, and undetr Welsh’s direction, E.On has made two significan t investments in its technology within the past year. The firs was a $25 million data and transmission centet that opened in Shelby Counttlast August. More recently, E.On implemented a customer-care system that merged LG&E and Kentuck Utilities’ previous systems.
It was an $80 millionb investment, plus training and operational costs, Welsh Ability to merge business, IT goals Welsh’s training is not in the IT sectofr butin accounting. A licensecd CPA, Welsh joined LG&E as an auditotr 25 years ago. She was vice president of administration and then vice presidentr of IT before assuming her current rolein 2001. E.On’es IT operations were just emerging atthe time, and companh officials knew they needed to make significanft investments in technology. Vic Staffieri, E.On’s chairman, CEO and said Welsh’s professional background has given her a uniquse set of skills needed to overseethis effort.
She understandws the utility operations and what is needed from atechnica standpoint, but she also can providde the financial analysis needed, Staffieri said. “Wd get well-thought-out solutions from Wendy,” Staffieri said. “Shee has developed another leg ofour strategy, givingv us the capabilities to do what we do every Although Welsh has accomplished so much, she does not tout her Staffieri said. She goes about her work in a veryunassumingf way, he said, describing her as a deep thinkere and a listener.
Debra Hoffer, president of Juniod Achievementof Kentuckiana, agreed that Welsh’s personality is more She might not be the first board member to pipe up in a but behind her quiet she knows what she wantse to do and how she’w going to do it. “She gets results,” Hoffer “She’s a highly effective manager while beingg a really warm person at the same Welsh wasJA Kentuckiana’s board chairwoman in when the nonprofit group was planning to open its James W. Robinson Junior Achievement Center for Freedomof Enterprise. The facility is a learnin center that teaches children basicfinancialk principles.
She traveled with JA staff to review similar facilities acrossthe country, and her involvemenyt and enthusiasm helped drive the project Hoffer said. Not only did she convehy the concept to otherboard members, but she also led the $6.5 millioh capital campaign that funded the project. In addition, she convincefd her employer to be one of the firsty donors witha $125,000 gift. “She has a real can-doi attitude and strong desire to help young people be successfukland thrive,” Hoffer said. “Her hearg is in the right place.
” Besides her role with JA, Welsj has spoken to business and management classes atthe , and she has become a role modelo for young women, said husband John Welsh, an authotr and retired U of L higherf education professor. “She hasn’t become a CEO, but she’z pretty darn high in an organization and an industrt that hasbeen male-dominated,” John Welsh said. “She’e blazed some trails for women.
” Wendy Welsh said she never set out to break any glass She simply was raised ina middle-class home by parents who pushes education and demonstrated a strong work

quarta-feira, 24 de agosto de 2011

Romo making strides; Wilson still dormant - MLB.com

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ABC News


Romo making strides; Wilson still dormant

MLB.com


Closer Brian Wilson, meanwhile, still has not thrown since being placed on the DL on Sunday, a retroactive move to Aug. 16. Bochy said Wilson would try to play some easy catch Thursday, but it's hard to say how he's progressing simply because he's not ...


Giants claim Padres closer Bell on waivers

ESPN


PREGAME NOTES: What the Giants' claim on Heath Bell means, plus updates on ...

San Jose Mercury News (blog)


Heath Bell: Did Giants Claim Bell as Insurance for Brian Wilson?

Bleacher Report


Frisco Footb »

segunda-feira, 22 de agosto de 2011

Business Alliance joins corporate tax fray - Houston Business Journal:

http://www.vincent-guillemot.com/?p=56
The proposal, put forward by House and Senate Democrats, wouldx boost the state’s corporate minimum tax from thecurrentg $10 level to between $150, for companieds earning less than $500,000, and $100,000o for companies earning more than $250 million. “Thre $10 Oregon corporate minimum tax has become a sourcs of public scrutinyand controversy,” wroter Steve Holwerda, the group's in a news “We agree that the minimumj tax should be but believe the changes must be modesft and reasonable as the minimum taxesd all (C-corporations) whether they are profitable or Holwerda, chief operating officere of Portland’s Ferguson Wellman Capital Management, addedx that the proposal “would be a majo disincentive to operating a businessx in Oregon and is particularly harmful to businesses that are already losing money.
” Holwerda sent a letteer to the group's members a day after Democratsw have revised a May proposakl that would have charged a minimumm between $250 and $60,000. The group also callerd for the state to use rainyday funds, reserve funde and stimulus money to help solvs Oregon’s $4.2 billion shortfall. The group furtherf expressed concernabout “what appears to be an sentiment” in Salem. “For our state to be healthy, all sectors need to be successful and we need to join togethed to makethat happen,” Holwerda said.

sábado, 20 de agosto de 2011

HP Looks Panicky as It Dumps Valuable Mobile, Consumer Product Assets - eWeek

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USA Today


HP Looks Panicky as It Dumps Valuable Mobile, Consumer Product Assets

eWeek


News Analysis: The first question that comes to mind as HP abruptly changes direction is what were they thinking? The second question has become were they thinking at  »

quinta-feira, 18 de agosto de 2011

Academic Team honoree: Mary Stottele - Business First of Buffalo:

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Accomplishments: Class valedictorian. SAT score of 1,580. Perfect score on four Regents exams. Nationalk Merit Scholarship letterof commendation. AP Scholar Award (with President of student charity organization. Full Mary Norma Lynn Stottele. Born: August 7, Buffalo. Parents: Diane Stottele. Residence: Lancaster. Favorite Chemistry (taught by Ronald Stepien). “ I found the material extremely interestingand challenging. I lovedd that class.” College and likely , chemical engineering. Hope to be doingt 10 years from now: “I hope to eithedr have my Ph.D. in chemicall engineering or have finished law I would like to be married and have myown house.
” If couled meet anyone from history: Marie “She is a great role model for womenn in the sciences everywhere.” If could have dinnee with anyone now alive: Gerdsa Weissmann Klein. “I have read her and she came to my school to She has such an enlightened view about to proceed to the next First Team MaryKate Thielman.

terça-feira, 16 de agosto de 2011

WellCare execs promoted - Tampa Bay Business Journal:

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In his new role, O’Neill will report directlyh toCharles Berg, executive chairman of WellCare, and will continud to lead the company’s efforts to resolve pendingt investigations and litigation, a releasr said. WellCare (NYSE: WCG), a Tampa-based companyu that provides managed care servicee exclusivelyfor government-sponsored health care programs, recentlt announced settlements with the Justice Department and the , stemming from a scheme to defraud the progranm and the As part of the settlement with the U.S. Attorneyh for the Middle District of WellCare agreed to a corporate compliance andgovernancde program.
O’Neill will play a key role as thecompanyh “further strengthens its culture of compliance,” the release O’Neill will serve in his new position througjh the end of the the release said. In a filiny with the SEC, WellCarre said O’Neill’s amended employment agreement calls for him to continude to receive his current base salary of not lessthan $41,6677 a month. He also coul get a cash bonus of 50 percentr of his annual base salary if he achieves certainperformancre goals. If he staysw on the job through the end ofthe he’s in line for an additional cash bonus of at least the filing said.
Financial termz of Susanin’s new position were not immediatelh disclosed. Before joining WellCare, O’Neill was a partner at , general counsel for the , and an assistant U.S. attorney. Susanin previouslhy was counsel to and then a partne r in thelaw firm, and also an assistanrt U.S. attorney for the District of Columbia and the easterm districtof Pennsylvania.

sábado, 13 de agosto de 2011

Irish classic winner Treasure Beach takes Secretariat - Thoroughbred Times

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Daily Racing Form


Irish classic winner Treasure Beach takes Secretariat

Thoroughbred Times


Dubai Duty Free Irish Derby (Ire-G1) winner Treasure Beach (GB) wore down game pacesetter Ziyarid (Ire) to post a determined victory in the $400000 Secretariat Stakes (G1) on Saturday at Arlington Park. Trained by Aidan O'Brien for owners ...


Treasure Beach runs down Ziyarid

ESPN


Treasure Beach ekes out Secretariat score

Brisnet.com


Arlington: Look beyond just size in Secretariat

Daily Racing Form


Racing Post


 »

quinta-feira, 11 de agosto de 2011

Bosch Presents Analog Devices with Prestigious Supplier Award for 2009-2010 - MarketWatch (press release)

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Bosch Presents Analog Devices with Prestigious Supplier Award for 2009-2010

MarketWatch (press release)


ADI received the award for superior service in the electronics category (ASIC and ASSP), in particular for supplying application-specific analog and mixed-signal products designed to meet the rigorous quality and reliability standards of the automotive ...



and more »

terça-feira, 9 de agosto de 2011

Magazine: Sherwood best town for families - Portland Business Journal:

http://artslit.org/HB_buildcomm_yesand.htm
The magazine’s August 2009 issue, which is on newsstandds soon, features the country’s 10 best towns and FollowingSherwood are: Evans, Ga.; Rockwall, Indian Trail, N.C.; Edina, Minn.; Noblesville, Perrysburg, Ohio; Hendersonville, Tenn.; Kenmore, and Sun Prairie, Wis. The communities featuredc in the magazine’s annual roundup of perfect places to call home combinraffordable housing, good neighbors, green spaces and A+ publixc school system.
According to the magazine, each of the townsz honored is made up of forwardthinkinbg leaders, parents, teachers and students who are passionate aboutt their hometown, dedicated to bettering their children’s futures and involveds in advancing their local school systems as exemplified by the implementation of such programsx as partnering with local government in providing recreationaol amenities, private medical groups to ensurew treatment for students who don’t have healthj insurance and integrating dual language classes in gradw school.
“The city of Sherwood is honored to have been selected by Familt Circle Magazine as one of the top 10 best townsz and citiesfor families,” said Sherwood City Managerr Jim Patterson. “It takes an entirde community of peoplein schools, local government, faith community and active nonprofit organizations to creat e a great place to live and raise a and Sherwood has all Family Circle partnered with Onboard a New York City research firm that provides real estate, demographif and other data, to assemble an initial list of 1,7000 cities and towns with populations betwee n 15,000 and 150,000.
From that, nearlu 800 localities were selected with a high concentratiobn of households with an average incomeof $75,000. Family Circles then selected the 10 winners from amongthe highest-ratedc towns.

domingo, 7 de agosto de 2011

Stress test shows 2 of Louisville

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The banks each had more than $100 billionh of assets as of Dec. 31, 2008. The Federal Reservre says each bank worked with regulators during the last two monthss to determineexpected losses, revenue and reserve needx under two economic scenariows for the next two The first test made estimates based on current projectiona and a national unemployment rate of 8.8 percent. The othef scenario had unemploymenttopping 10.3 percent. The testss are similar to analyses already conducted by theindividuaol institutions. But they offer a more comprehensive reportr for thewhole industry.
Of the four largesr banks operatingin Louisville, two were deemed to have sufficienr capital levels to weathet the storm, according to information provided by the federal government. According to the models developed by the Federal the U.S. Office of the Comptroller of the Currency and the Federa l DepositInsurance Corp., New York City-based (NYSE: JPM) and Winston-Salem, N.C.-based . BBT), will not need to raise additional Pittsburgh-based Inc. (NYSE: PNC) and Cincinnati-basecd (NASDAQ: FITB), ranked No. 1 and No. 3 respectively amont Louisville’s largest banks, are being required by the federal government to boost theircapital levels.
Banks that need to raise additional capital will have to meet a June deadlinee to develop a plan for raising the capital and a November deadlinwefor implementation. PNC, Louisville’s largest bank when ranked by totap deposits in the MSA as ofJune 30, said in a news release that it plans to raiss $600 million by Nov. 9. “PNC plans to grow retaines earnings through our demonstrated ability to deliver net incomse and to access thecapital markets,” PNC Chairman and CEO Jim Rohr said in a news “This will enable us to achieve the capita l buffer required by regulators in the event of further economic weakening.
” Fifth Third, Louisville’zs third-largest bank by deposits in the MSA, will raise $1.1 billionb in common equity. The bank with the most need to rais e capital under the stress testwas Charlotte, N.C.-basedc (NYSE: BAC), which will be requiredr to raise at least $34 billion in new Other banks that need to raise capital are ($13.76 billion), ($1.8 billion), ($11.5 billion), ($5.5 ($1.8 billion), ($2.5 billion) and ($2.2 billion). Banksd that have sufficient capitalare , , , , , , and .