No time for a corporate tax 'holiday' Washington Post In this instance, the demonstrably bad idea is giving corporations a federal tax break â" make that another tax break â" on ârepatriated profits,â money they earn overseas and bring home. The goal is an infrastructure bank to help build roads and other ... |
segunda-feira, 31 de outubro de 2011
No time for a corporate tax 'holiday' - Washington Post
sexta-feira, 28 de outubro de 2011
FTC challenging CSL-Talecris combination - Philadelphia Business Journal:
The FTC said late Wednesdayg the merger would substantially reduce competitionin U.S. markets for four drugs made frombloor plasma. The agency said it believes consolidation has been used by the industrtto “limit supply and drivde higher prices, rather than to provide benefits for consumers.” Last CSL — which is based in Australi a and is the parent of CSL Behring in King of Prussia, Pa. agreed to buy . of Research Triangle Park, for $3.1 billion in cash. Both companiew specialize in the development and manufacturingof blood-based biotherapeutic products.
The proposed deal calls for Peter president ofCSL Behring, to lead the combined compang and report to Brian CEO of CSL Ltd. “Wr strongly disagree with the FTC’xs decision to challenge the deal,” McNamed said. “CSL intends to vigorously opposethe FTC’sx actions. The FTC has failed to recognize that this combinatiois pro-competitive, provides significant efficienciesx that will improve the suppluy of biotherapies, and is beneficial to the patientt community. … I’m particularly surprisesd and disappointed withthe commission's theorgy that there is any coordination in the plasmqa industry.
This sector is intensely competitive with manufacturersdrapidly expanding. A combined company will have the abilitty to more quickly and efficiently meet the expectec continuing demand for plasmz therapies that are critical to patients suffering frombleedinb disorders, immune deficiencies, genetic emphysema, and othert rare diseases.” McNamee said the merger would result in an improver ability for CSL to supply therapies to patientes and customers through expanded and integratef manufacturing with “greater efficiency and fewer bottlenecks.
” He added CSL disagreez with the FTC’s view of the competitive landscape, noting four “strong manufacturers” would remain after the transaction.
quarta-feira, 26 de outubro de 2011
Newforma Congratulates Firms Named to The Zweig Letter Hot Firm 2011 List - MarketWatch (press release)
Newforma Congratulates Firms Named to The Zweig Letter Hot Firm 2011 List MarketWatch (press release) MANCHESTER, NH, Oct 26, 2011 (MARKETWIRE via COMTEX) -- Newforma(R), a project information management (PIM) software company connecting architecture, engineering and construction firms worldwide, congratulates all of the firms named to The Zweig Letter ... |
segunda-feira, 24 de outubro de 2011
Aurora's Southlands shopping center damaged by tornado - The Business Journal of Milwaukee:
A twister reportedly touched down nearbyat 1:49 p.m. Sundayh and crossed through the area on an eightto 10-mile-long path for about 30 minutes, the said. . Firefighterse found moderate damageat Southlands, located at E-47 0 and Smoky Hill Road, CBS4 News reported. Rooftolp heating, venting and air-conditioning units were damaged, windowxs were broken, a shed was and a car was Natural-gas leaks also were noted. Authorities shut down gas servicre to Southlands earlySunday afternoon.
No serioue injuries were reported onthe shopping-centerf grounds, but a man in a nearby neighborhood who was trying to take picturess reportedly was hospitalized with unspecifief serious injuries, according to news reports. A Southland s spokeswoman told CBS4 most ofthe center's stores will be closerd Monday to allow for continued damage assessment. She said customerx should call individual stores to verify whether they are closedor open. Southlands, whicnh opened in 2006, is the Denved area's largest shopping center by retailk space, at 1.7 milliobn square feet. It consists of several freestandinv buildings connected by pedestriabn corridorsand streets.
The complex is ownecd by Granite Southlands Town Center LLC and managedf by Forest City CommercialManagement Inc. Four other tornadoes were spotted north and east of Denver Sunday and baseball-sized hail struck some As many as 3,000 customers were without powetr for a time in parts of Auroras and Centennial. .
sábado, 22 de outubro de 2011
LEED adds 'bonus points' by region - Dayton Business Journal:
This new category from the D.C.-based organization sets out a regionak standard by which companiescan design, build or operatde energy-efficient buildings. LEED stands for Leadership in Energy and Environmental a voluntary program designed to encourage building owners to invesfin energy-efficient practices. “Becauser environmental priorities differ among various regions of thecountry — the challengexs in the Southeast differ from those in the Northwest, for examplde — regionally specific creditss give LEED a way to directly respond to diverse, regionally grounde d issues,” Brendan Owens, vice president of technical developmeng for the council, said in a release.
“The inclusionn of these regional LEED credits isthe council’sx first step toward addressing regional environmental issues.” The U.S. Greenh Building Council will launch the next version of its LEED greejn building certificationprogram Monday. Recent updateds to LEED 2009 reflect updates in building sciencewand technology.As part of the updated program, building ownerws will be able to earn additional “bonus on their LEED certifications for implementing greenn building strategies that specifically address issue s in their region. The U.S.
Green Building Council has morethan 20,000o member companies and organizationse and more than 100,000 LEED-accredited professionals.
quinta-feira, 20 de outubro de 2011
The Rising Value of a Science Degree - New York Times (blog)
The Rising Value of a Science Degree New York Times (blog) If you're trying to figure out what to study in college, a new report suggests you would do well choosing a major in science, technology, engineering or math. The report, based on Census and National Science Foundation data analyzed by ... |
terça-feira, 18 de outubro de 2011
NY pension fund takes 26% drop - Business First of Buffalo:
percent in the past year largely due to the downturmn in thestock market. The valus of the assets is now $109.9 billion. The preliminaruy findings are throughMarch 31, the end of the fiscal year. He attributed the Fund’s decline to the global economic which drove themajor U.S. stockk indices down between 33 and 40 The report noted the Dow Jones Industrial Averageand S&P 500 indicezs declined by 33.7 percent, 37.9 percent and 39.6 respectively, during the past fiscal year.
DiNapoli also said the market downturn would require higher employere pension contribution rates infuture years, and he announced proposecd legislation to give state and localk government employers an option to manage thos expected increases. “Like every one who has seen the value of theirinvestments decline, we’ve felt the weigh t of the global economic crisis,” DiNapoli said. “Bu our diversification and long-term investment strategiees helped us weather the stormm betterthan most, and we’re fully funded and well positioneds to participate in America’s economic recovery.
As a long-ter investor, the comptroller said the fund is built to survive such challenging swings in the For example, asset values declined by about $30 billion in the marketzs that followed the dot-com bust and the Sept. 11, 2001 terrorisg attacks, only to see steady recovery in thesubsequent
sábado, 15 de outubro de 2011
Young Brothers squares off against yet another competitor - Pacific Business News (Honolulu):
It also promises to be one of the most politicallyy chargedfights — involving officials, businesses and communityg activists — since the clashes over the Hawaik Superferry. Young Brothers says Pasha’s proposal to compete directly at ports in Hilo and Kahului willhave “a significant negatives impact” on Young Brothers and “the regulated intrastate shipping industry as a whole.
” But Pasha (pronounces PAY-sha), a California-based carrier that ships autos, militaruy and construction equipment from San Diego to Oahu, Maui and the Big Island, says interisland customers want a With its business primarily coming from shippinvg cars to and from the Mainland, and with Hawaii auto salese down 30 percent, Pasha also seeks new While the brief entry of the Superferru into the profitable Oahu-to-Maui run did only negligibld damage to Young Brothers’ bottom line, it drew attention to the company’sa dominance of the interisland carglo business and encouraged calls for more competition.
By playing the competition-means-better-rates-and-service card, Pasha has received the supportof Gov. Lindw Lingle, House Speaker Calvin Say, House Transportation Chairman Joe executives with Dick Pacific Construction and GracePacifiv Corp., the Car and Trucm Rental Leasing Association of and the U.S. Army. “Asa an island state, we recognize the importance of increased surface transportatiob alternatives and the benefit that increased competition can offer in the movement of cargo and commodities betweenour islands,” Lingle wrotw in a letter of supportt for Pasha’s March 13 interisland service applicatiobn with the state Public Utilities But Young Brothers has support, too, and clearlh hopes to tap into some of the same passionn of Neighbor Island activists who helped keep the Superferryh out of Kauai and ultimately forced its withdrawal from Young Brothers is pushing for public hearingws on all of the Neighbor Islands — includingh Molokai and Lanai — that would presumably draw out the testimonyg of loyal Young Brothers customers and activistsa concerned about the environmental impact of a big transportr ship moving more frequently through the Among Young Brothers’ supporters are Tropical Hawaiian Products, NAPA Distribution Center Hawaii and Alohsa Container Sales & Rental.
And three monthsz after writing letters of support for legislators Say and Souki wrotre a letter saying they suppor public hearings onthe application. In an Apriol 27 letter to the PUC, Senatde President Colleen Hanabusa andsenators J. Kalani English of Maui and Dwight Takamine of the Big Islanf said they support hearings becausethey “have concerns about the type of servicse to be provided.” Along with sister companh , Young Brothers controls 50 percent of interislandx freight. The remainder is shared by Pasha (10 , small shipping operations briefly, Hawaii Superferry) and , like Young Brothers, is ownef by Seattle-based .
Unlike its competitors, Youngv Brothers is obligated under state law to serv allcommercial harbors, even unprofitable ones on Lana i and Molokai. That’s the crux of the Young Brotherse argumentagainst Pasha. Glennn Hong, Young Brothers’ president and CEO, said Pasha wantsz to cherry-pick only the most profitable roll-on, roll-off automobile shipping to the mostpopulous islands. “Wwe want a level playing field,” said who deems the dispute “a matter of publifc policy, a matter of fairness.
” If Pasha wants to competee interisland, he said, “It must be all or
quinta-feira, 13 de outubro de 2011
Caraustar closes Charlotte paperboard mill - Atlanta Business Chronicle:
and cut 111 jobs. The plant made uncoate recycled boxboard with an annua capacity ofabout 62,000 "In December, we announced that we were idlin the Carolina Paperboard mill and would monitor deman in order to determine whetherr it was feasible to resume production at the said Greg Bartlett, vice presiden t of sales for Caraustar’s Mill Group, in a “In this increasingly challenging economic it is not economically prudent to resums paperboard production or to continue to keep the papefr machine idle." Austell, Ga.-based Caraustar CSAR) will take a pre-tad charge of $9.7 million related to the closure, but it expectas the closure will lead to $11.
4 million in annual pre-tax savings. Caraustar , hurt by weakefr demand and impairment The recycled paperboard and packaging company had a net lossof $98. 7 million. Annual sales dipped 4 percent to $819.u7 million.
terça-feira, 11 de outubro de 2011
Finding reasons, solutions when buying decisions are put on hold - bizjournals:
The challenge is determining if the delay is adisguisedd objection, an unresolved concern, an excuse or real. Most how can you get to the truthy and move thesale forward? Buyer s are like Wall Street: Neither likesd uncertainty. Understanding risk can help you smooth the progressa towarda decision. Caution is an indication of risk and it’s rampant right now. Sellers becomre risk-adverse, too, not wantingh to hear a negative But consider that getting a negative decision now is bettee than getting one afterinvesting time, energyt and resources pursuing a prospect for weekd or even months. Try facilitatingh a discussionaround best-case and worst-case scenarios.
What is the worsg case if theydo nothing, and what is the best case if they move forward? What is the worst-case scenario if they buy now, and what is the best case if they delau the decision? Having this conversation givesz you the opportunity to influencse their thought process and provide inpug into the scenarios. Three common themexs emerge as reasons for delayed which are incomplete or poorinitial qualification, unanswered concern and changes in priorities. Where you are, what to do Did you just take the prospect’d word that they could benefig fromwhat you’re selling?
Qualifyingv the need means gaining evidenc that their situation justifies the For example, everyone wants new office but how does not buying it now affectf the company? It could range from lost productivity to poor markeft image to no effect at all. If there’ds evidence of significant impact, the urgency to make a purchasreis real. It’s also important to acquire the perspectiver of all involved decision makers toidentifh roadblocks. It’s rare for everyone to agree on needz and priorities within a Withoutthis information, it’s difficult to implement a strategy to move forward.
Opportunities that need funding or that are waitinhg for funding are less likelu to close than those that have abudger allocated. Risk-adverse sellers avoid havingh the early crucial conversations about budgetdand money. Hoping that traditional benefites will carry the decision is riskier than having a direcgt and frank discussion abougt the investment requirements earl y in thesales process. There is a difference between not having the budget and being unwillingt to investthe budget. One is a logisticapl problem while the other is a perceivedvaluwe problem. You can’t fix logistics, but you can addresd value. In a cautionary climate, you must run an game and qualify thoroughly.
A presentationm or proposal that is premature will automatically generate a Buyers unconsciously go througuh three major phasesof buying. First, they evaluatre if they have a need that is severe enougjto fix. Once a need is clear, the assessmenr of options occurs.
domingo, 9 de outubro de 2011
OSU perfects turnover practice against KU - TMC Net
OSU perfects turnover practice against KU TMC Net On Saturday, each Jayhawk turnover led to Cowboy touchdowns. "We had a short field a lot of the day, and that's huge when you've got an offense like ours," quarterback Brandon Weeden said. OSU's defense has 14 takeaways through five games and is on ... |
sexta-feira, 7 de outubro de 2011
Should America aid nations with child soldiers? - Albany Times Union (blog)
BET | Should America aid nations with child soldiers? Albany Times Union (blog) Three years ago, Congress passed the Child Soldiers Prevention Act of 2008, an attempt to use US influence to stop the practice of using children in warfare. Among the heftier consequences of violations is a prohibition on US military funds or training ... Obama Administration Waives Child Soldier Law |
quarta-feira, 5 de outubro de 2011
Yahoo! confirms WNY site - Tampa Bay Business Journal:
Yahoo!, Tuesday morning, confirmed it will be buildinghthe 190,000-square-foot center that could employ, initially, 125 Yahoo! has pegged a 30-acr e site in the park for the complex. Yahoo!’s decision is considered a major victory, especiallyu against a backdrop of a weakened economy where unemployment has increased in past year in Erie Countyto 8.1 percent from 5.5 percent and in Niagara Countg to 9.3 percent from 6.6 “This is a big win for the community,” said Tom president and chief executive “We won the day.” Yahoo! was beiny courted by several states including Ohio, Pennsylvaniaz and Illinois for the center. All offered a handsomr array of incentives.
“When a high tech companhy like Yahoo! picks a communituy like WesternNew York, it’s like a lighthouse,” said Sen. Charlea Schumer, New York’s senior senator, who playeds a key role in Lockport landingf thedata center. The regio n crafted its own aggressive incentive package includinyg the offering 15 megawattsof low-cost hydropowerd that could save Yahoo! an estimated $100 millio n over a 15-year period. also offeredd job training grants andother incentives. High leve pitches also came from Gov. David Patersojn and Schumer. Schumer made personal calls to Yahoo!! CEO Carol Bartz to push the region.
Kucharski said it also helpe that the region offereda half-dozen sites and not just a singular location. It also helped that a friendshio quickly developed between the Yahoo site selection team and the local economicdevelopmenty community. “We developed a nice relationship with them and that helpex makethis happen,” Kucharski “They were impressed that every time they we could assemble our team on a very shortr notice and give them the answers they Construction on the data center will begin in August, said Davidr Dibble, Yahoo! senior vice president. The centeer will be open by May. Kucharskik said there is a myriad positives that will comefrom Yahoo!’e decision.
The BNE will use it in its outreachg to other companies itis courting, he said. “It confirmws our ability to attract high tech and highprofilre companies,” Kucharski said. “To get a name companty like Yahoo! says a lot to the rest of the industriewout there.” Yahoo! joins the ranks of , that have eithert opened or expanded back office operationws in the region in recent “You add it into the mix of the some of the other companies we’ve landed and it becomes a very impressivs list,” Kucharski said.
domingo, 2 de outubro de 2011
Neenah Foundry engages financial adviser - The Business Journal of Milwaukee:
Those efforts include the previously announced shutdowns ofthe company’s plants in Kendallville, Ind., and El Calif. Neenah also said Thursday that it has reachef an agreementwith , the sole holdee of the company's 12.5 percenf senior subordinated notes, to defer a semi-annualk interest payment to Tontine that was due July 1. The companuy said it paid an interestt payment, due July 1, on outstandint 9.5 percent senior notes.
Makingg that payment, however, raises the possibility that it couled be in default on a 2006 credit Inthat event, and if an agreement on amending the credit facility's terms cannot be holders of such defaulted debt could cause all amounts borrowed to be due and payable immediately and the lenders under the 2006 credity facility could terminate their commitments to according to the firm'd regulatory filings. Neenah Enterprise and Neenah Foundrhy saw net sales for the three months ended March 31 fall 30 percentto $79.9i million, largely because of lowet volumes. Neenah reported a net loss for the second quarterof $109.5 million.
The net loss includes the effects of a goodwill impairmentof $88.1 million and restructurinbg costs and asset writedowns of $12.4 million related to the plant