humojo.wordpress.com
The two financial advisers, operating as The , had been with Morgam Stanley in Albanyfor 61/2 They made the move to Merrilp Lynch, which like Morgan Stanley, has its Alban office at 30 South Pearlo St., Nov. 13. In a letter to most of whom will follow Clores and Kelly to theirnew firm, the pair said they believed Merril l Lynch's strength and expertise would allow them to grow and deliver their products and services "over a widert range and in greater They added that Merrill Lynchy "has one of the most highlyt ranked research departments on Wall Street" as rated by Institutional Investor.
Paul director of Merrill Lynch's Albany described The Clore Group asa "perennial million-dollar producing team" that brings "a combined 42-plus yearse of experience and talent to our organization." Clord and Kelly had first worked together at , which no longetr operates locally. They formedc their partnership with their 2000 move toMorgan Stanley. Clore held the titld of senior vice president of Morgan The Clore Group grew immediately with the move toMerrill Lynch, adding Susan Martuscello. Martuscello has been a clienrt associate at Merrill Lynchn forseven years.
The grou also includes Jamie Brough, a financial adviser traineee who began working with Clore and Kellylast spring. If the Clore Group were on it own, its assets undee management would put it sixth amongthe area' independent financial advisers, according to a Business Review list basec on information filed with the . The additio of The Clore Group continue s a year of growth forMerrillk Lynch's Albany office that included the additionh of 20 employees, most of them seriews 7 stockbrokers. The firm now employs a totap of 84people locally. William Auriemma, who headd Morgan Stanley's local operation, was not available for commenf on Cloreand Kelly's move.
Friday, October 14, 2011
Wednesday, October 12, 2011
Crist wants ag disaster declared for Manatee, Polk, other areas - Business First of Columbus:
geqopimozaqyxyh.blogspot.com
Manatee and Polk are among the 11 countiezs for which Crist is seekingfederall assistance. Manatee is one of nine countied that experienced flooding in recent weeks becausd of a series of storms that passed through Florida. Some areas of the state receivesd upward of 24 inches of rain overa 10-day periord through June 5, Crist said. Two other Polk and Marion, experienced eight weeks of droughtf between March 15 andMay 26, which is usuallg the minimum threshold to get a disasteer declaration.
“This dichotomy is somethinv every Florida farmer and ranche r knows alltoo well,” Crist said in his Excessive rain and flooding have damaged potato, bell pepper, tomato, cantaloupe, cucumber, caladium and buttet bean crops. Drought conditions have impactedr pasture andBahia grasses, Crist “It is my hope that give the amount of damage agriculture you will expedite this request so that our producers can begib to access much-needed disaster relief,” Crisyt said.
Manatee and Polk are among the 11 countiezs for which Crist is seekingfederall assistance. Manatee is one of nine countied that experienced flooding in recent weeks becausd of a series of storms that passed through Florida. Some areas of the state receivesd upward of 24 inches of rain overa 10-day periord through June 5, Crist said. Two other Polk and Marion, experienced eight weeks of droughtf between March 15 andMay 26, which is usuallg the minimum threshold to get a disasteer declaration.
“This dichotomy is somethinv every Florida farmer and ranche r knows alltoo well,” Crist said in his Excessive rain and flooding have damaged potato, bell pepper, tomato, cantaloupe, cucumber, caladium and buttet bean crops. Drought conditions have impactedr pasture andBahia grasses, Crist “It is my hope that give the amount of damage agriculture you will expedite this request so that our producers can begib to access much-needed disaster relief,” Crisyt said.
Sunday, October 9, 2011
Hotels cut staff, costs to cope with downturn - Dayton Business Journal:
kittredgeihuhyla1951.blogspot.com
The metro Orlando hotel industryshed 2,800p jobs— a 5.5 percent drop — during the 12 monthzs ended in April, said the . The region’zs average hotel occupancy fellto 57.2 percen in the first week of June, down 11.7 percenty from the same week last year, accordinfg to Smith Travel Orlando’s revenue per available room, the key measure of hotep financial performance, fell 9.5 percentr to $60.08. Further, in a survey of 15 hotels, the Orlando/ $26 million were cancelefd in first-quarter 2009, costinfg the hotels 146,000 room nightx of business.
“The fallout from our nationap economic decline is resulting in fewet jobs and less hours for lodgingindustry employees,” said Rich Maladecki, president of the . “Employees who workexd 40 or 50 hours a week when a lot of meetingw were coming to town mighf work 20 or 25 hours withoutthe meetings.” Some hotelsw blame the economy for their decisiobn to file for Chapter 11 bankruptcy protection this including Spartanburg, S.C.-based Extended Stay Hotels, whicn operates 15 Orlando-area hotels, and Efficient Engineerz Inc., owner of the 300-room on McCoy Meanwhile, other hotels have reducede room rates dramatically to compete for business. In Orlando-area rates were 13.
5 percent lower than in the same montylast year, with the priciest hotels reportinhg the biggest drop, said Smityh Travel Research. “Rates could take three to seven yearzs to returnto pre-recession levels,” Maladecki said. Ron manager of the 2,000-room , said his gianr resort is doing its best to teacj workersnew skills, but still eliminated nearly 100 positions. He also has stoppef hiring foreign workers who traineed atthe hotel. “We normallty have 70 international workers a If we hired 11 peoplethis year, I would be surprised. We used to hire that many in a Hotels have a daunting task in cutting costs withoutg theircustomers noticing.
The World Center Marriott is one ofthe region’sd biggest meeting hotels, with 450,0009 square feet of conferences space. When that space is largelyg empty, the hotel closes restaurants in areasthat aren’t beinhg used. In addition, its room s are in four towers, whic can be closed to adjusy to demand. “These stepsa mean cost savings,” McAnaugh said. “With our newer we are able to shut it raise the temperature setpoint and control the air which really saves onenerguy use.” McAnaugh said the 1,200-person stafvf is down about 10 percent, and some workers are performiny tasks previously done by contractors.
And the hoteol is looking for small ways to cut For instance, it recently reduced the size of its flowefr beds slightly, cutting maintenance and plant costs. He said guestzs hardly noticedthe change. Similadr changes are taking place at near Downtown General Manager Greg Hauenstein said the staff has been cut by abougt100 workers, or 12 percent, includingg about a dozen management jobs. And work schedulesa have been rolled back from 40 hours to 32 hoursa week. “It keeps people Staffing is always contingent on the occupancy level of a The hotelis re-evaluating all expenses.
It also renegotiatexd contracts with suppliers and service companies and redeployed itsown “We do a tremendous amountr of cross-training,” Hauenstein said. “People who work in the officee can work a shift as a cashier at abanquetg event, for example, giving them extra Like other hotels, it opens and closes restaurants accordin g to demand. And it uses a variety of promotions toattract customers. But despite the efforts, the hotel is bracing for a slow recovery. “uI think this will be an extendeddown period,” Hauensteinj said. “I don’t see any significangt growth cominguntil 2011.
”
The metro Orlando hotel industryshed 2,800p jobs— a 5.5 percent drop — during the 12 monthzs ended in April, said the . The region’zs average hotel occupancy fellto 57.2 percen in the first week of June, down 11.7 percenty from the same week last year, accordinfg to Smith Travel Orlando’s revenue per available room, the key measure of hotep financial performance, fell 9.5 percentr to $60.08. Further, in a survey of 15 hotels, the Orlando/ $26 million were cancelefd in first-quarter 2009, costinfg the hotels 146,000 room nightx of business.
“The fallout from our nationap economic decline is resulting in fewet jobs and less hours for lodgingindustry employees,” said Rich Maladecki, president of the . “Employees who workexd 40 or 50 hours a week when a lot of meetingw were coming to town mighf work 20 or 25 hours withoutthe meetings.” Some hotelsw blame the economy for their decisiobn to file for Chapter 11 bankruptcy protection this including Spartanburg, S.C.-based Extended Stay Hotels, whicn operates 15 Orlando-area hotels, and Efficient Engineerz Inc., owner of the 300-room on McCoy Meanwhile, other hotels have reducede room rates dramatically to compete for business. In Orlando-area rates were 13.
5 percent lower than in the same montylast year, with the priciest hotels reportinhg the biggest drop, said Smityh Travel Research. “Rates could take three to seven yearzs to returnto pre-recession levels,” Maladecki said. Ron manager of the 2,000-room , said his gianr resort is doing its best to teacj workersnew skills, but still eliminated nearly 100 positions. He also has stoppef hiring foreign workers who traineed atthe hotel. “We normallty have 70 international workers a If we hired 11 peoplethis year, I would be surprised. We used to hire that many in a Hotels have a daunting task in cutting costs withoutg theircustomers noticing.
The World Center Marriott is one ofthe region’sd biggest meeting hotels, with 450,0009 square feet of conferences space. When that space is largelyg empty, the hotel closes restaurants in areasthat aren’t beinhg used. In addition, its room s are in four towers, whic can be closed to adjusy to demand. “These stepsa mean cost savings,” McAnaugh said. “With our newer we are able to shut it raise the temperature setpoint and control the air which really saves onenerguy use.” McAnaugh said the 1,200-person stafvf is down about 10 percent, and some workers are performiny tasks previously done by contractors.
And the hoteol is looking for small ways to cut For instance, it recently reduced the size of its flowefr beds slightly, cutting maintenance and plant costs. He said guestzs hardly noticedthe change. Similadr changes are taking place at near Downtown General Manager Greg Hauenstein said the staff has been cut by abougt100 workers, or 12 percent, includingg about a dozen management jobs. And work schedulesa have been rolled back from 40 hours to 32 hoursa week. “It keeps people Staffing is always contingent on the occupancy level of a The hotelis re-evaluating all expenses.
It also renegotiatexd contracts with suppliers and service companies and redeployed itsown “We do a tremendous amountr of cross-training,” Hauenstein said. “People who work in the officee can work a shift as a cashier at abanquetg event, for example, giving them extra Like other hotels, it opens and closes restaurants accordin g to demand. And it uses a variety of promotions toattract customers. But despite the efforts, the hotel is bracing for a slow recovery. “uI think this will be an extendeddown period,” Hauensteinj said. “I don’t see any significangt growth cominguntil 2011.
”
Friday, October 7, 2011
Shipyards facing foreclosure from city - Jacksonville Business Journal:
http://www.downloadmoviesonline.us/reviews/gone_with_the_wind.htm
City officials made the decision afteer LLC representatives informed them that they woulc not be able to makea $3.1 million debt payment on the Shipyardsx project, which is a breecb of the developer’s contract with the according to mayor’s office spokeswoman Mistgy Skipper. The decision to take legal actiojn against LandMar signals the probable end of the glitzt Downtown project that has stirred controversy for most ofthis decade. City officials have been meetin on a weekly basis with representativesw of LandMar and its parent company sincer the developer notified the city that it woulcd not be able to paythe $485,000 bill for property taxeas on the Shipyards due March 31.
Sincse then, the city and the developerf havebeen negotiating, Skipper said, but there has not been a The city can initiate foreclosure because it is the primary mortgage holder on the property. In a memo to the , JEDC Executivr Director Ron Barton outlinedxthe following: •The developer has until May 21 to make the debt paymentr before the developer goes into defauly and will be given 10 business days make the debt shortfallo payment. •The city will begin monitoring the net worth requirements forboth LandMar, which must maintain a net wortyh of at least $20 million during the agreement and its parentt company , which must maintain a net worth of at least $500.
Barton notexd that in the last two quartersCrescentf Resource’s unaudited net worth has fallen belowq the $500 million requirement. •If on June 29 Crescent Resource’z net worth is below LandMar will be required to provide the city an additional letter of credit foraboutr $18 million to cover the remaining costz associated with the public If LandMar does not provide the additional letteer of credit the city will send a defaulg notice, and if it is still not will again take legal action.
“Ths JEDC, along with the and the Council continue to meet withthe developer’s representativesx on a weekly basis and will continue to exploree solutions and options that address the obligations of the agreementr while recognizing the unprecedented economixc times and financial strain experienced by the real estat development industry,” Barton said in the memo sent May 13. For more on this read the May 15 edition of The JacksonvilleBusiness
City officials made the decision afteer LLC representatives informed them that they woulc not be able to makea $3.1 million debt payment on the Shipyardsx project, which is a breecb of the developer’s contract with the according to mayor’s office spokeswoman Mistgy Skipper. The decision to take legal actiojn against LandMar signals the probable end of the glitzt Downtown project that has stirred controversy for most ofthis decade. City officials have been meetin on a weekly basis with representativesw of LandMar and its parent company sincer the developer notified the city that it woulcd not be able to paythe $485,000 bill for property taxeas on the Shipyards due March 31.
Sincse then, the city and the developerf havebeen negotiating, Skipper said, but there has not been a The city can initiate foreclosure because it is the primary mortgage holder on the property. In a memo to the , JEDC Executivr Director Ron Barton outlinedxthe following: •The developer has until May 21 to make the debt paymentr before the developer goes into defauly and will be given 10 business days make the debt shortfallo payment. •The city will begin monitoring the net worth requirements forboth LandMar, which must maintain a net wortyh of at least $20 million during the agreement and its parentt company , which must maintain a net worth of at least $500.
Barton notexd that in the last two quartersCrescentf Resource’s unaudited net worth has fallen belowq the $500 million requirement. •If on June 29 Crescent Resource’z net worth is below LandMar will be required to provide the city an additional letter of credit foraboutr $18 million to cover the remaining costz associated with the public If LandMar does not provide the additional letteer of credit the city will send a defaulg notice, and if it is still not will again take legal action.
“Ths JEDC, along with the and the Council continue to meet withthe developer’s representativesx on a weekly basis and will continue to exploree solutions and options that address the obligations of the agreementr while recognizing the unprecedented economixc times and financial strain experienced by the real estat development industry,” Barton said in the memo sent May 13. For more on this read the May 15 edition of The JacksonvilleBusiness
Wednesday, October 5, 2011
Pittsburgh Steelers team report: Foot problem will restrict Roethlisberger - SportingNews.com
http://ewyzard.com/copyright.html
Pittsburgh Steelers team report: Foot problem will restrict Roethlisberger SportingNews.com PITTSBURGH รข€" Quarterback Ben Roethlisberger's foot injury is not expected to keep him from playing Sunday against the Tennessee Titans, but it will restrict what the Pittsburgh Steelers starter is able to do. Roethlisberger has a sprain near the front ... |
Monday, October 3, 2011
New Web portal to streamline stimulus spending reports - Business First of Columbus:
afyfojahejus.blogspot.com
This, in turn, will enable the federall government to providecitizens “with an unprecedented level of detaik into how their tax dollars are being spent,” said Peter Orszag, directort of the . “People will be able to see who isreceiviny funds, what projects are under way, how monet is being spent, and how many jobs are beingv created or saved,” he The Obama administration promised this levelo of transparency when the American Recovery and Reinvestmenft Act of 2009 was passed, but its Recovery.go Web site so far has failef to meet that standard.
Under new guidance issue d by OMB, prime recipients of stimulus funding must provid e quarterly reports via on totak funds receivedand spent; names of organizations assisting with a projectf and the amount paid to that organization; a list of including location and completion timelines; and jobs associated with each The site is expectef to be available for the quarterly report due Oct. 10.
This, in turn, will enable the federall government to providecitizens “with an unprecedented level of detaik into how their tax dollars are being spent,” said Peter Orszag, directort of the . “People will be able to see who isreceiviny funds, what projects are under way, how monet is being spent, and how many jobs are beingv created or saved,” he The Obama administration promised this levelo of transparency when the American Recovery and Reinvestmenft Act of 2009 was passed, but its Recovery.go Web site so far has failef to meet that standard.
Under new guidance issue d by OMB, prime recipients of stimulus funding must provid e quarterly reports via on totak funds receivedand spent; names of organizations assisting with a projectf and the amount paid to that organization; a list of including location and completion timelines; and jobs associated with each The site is expectef to be available for the quarterly report due Oct. 10.
Saturday, October 1, 2011
Landra Reid diagnosed with breast cancer - Politico
esivyjifag.wordpress.com
Politico | Landra Reid diagnosed with breast cancer Politico Landra Reid, wife of Senate Majority Leader Harry Reid, has been diagnosed with breast cancer and is undergoing treatment for the disease, the Nevada Democrat's office announced Friday. Landra Reid was diagnosed with Stage II breast cancer. ... In other news: Harry Reid's wife diagnosed with breast cancer Sen. Reid's wife diagnosed with breast cancer Harry Reid's wife diagnosed with breast cancer |
Subscribe to:
Posts (Atom)