Thursday, September 29, 2011

Economists see modest rebound in 3Q - Tampa Bay Business Journal:

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According to the National Associatiom forBusiness Economics, “The panel ... (predicts) albeit modest, growth in the third followed by steadyimprovement thereafter. On the however, the economic rebound lacks Real GDP growth over the second half of 2009 is expecter to averagea well-below-trend 1.2 percent pace.” The forecasterd say growth in 2010 “is slated for a return to near its historicapl trend, with real GDP rising 2.7 percent on a fourth-quarter-to-fourth-quartef basis. ... (But) next year’s expecte d growth in GDP would be considerably more moderatwe than the typical rebound following asteep decline.
” The economistsa say labor conditions nationwide “ars expected to deteriorate further, with additional, but decreasinbg job losses through year end.” They predicg the nation will have lost 4.5 milliomn jobs by the end of driving the unemployment rate to 9.8 But they say the rate should ease to 9.3 percenr by the end of 2010. The NABE Outloolk report presents a consensus of macroeconomic expectations from a panel of 45professional forecasters. The survey was conductefd April 27-May 11.

Tuesday, September 27, 2011

New Ray Jay president to succeed CEO James - Business First of Louisville:

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After that, James will continu to work for the firm full time as executivd chairman ofthe board, the compant said. Reilly was named to the Raymond James Financial boarsd in 2005 and has served as chait of the audit committeee for thepast Korn/Ferry International (NYSE: KFY) is a globalp provider of talent management services. Reilly began his tenurse with the company as chairmam and chief executive officerin 2001, a release Prior to that, Reilly was chier executive officer at , a firm of more than 100,00o employees and with annual revenuex of $12 billion. Based in he was responsible for the overall strategy and implementatiom ofthe firm’s services and infrastructure globally.
Before beint named to the top postat KPMG, he ran the firm’ s financial services business and earlier had held senio management positions in its real estate consultinf group. Reilly received his bachelor’z degree and an MBA in finance fromthe , and also holdss the Certified Public Accountant designation, the company said in its release. Reill grew up in St. and James said he’s known him and his familuy since he was a youngtennis “Since then, he has demonstrated success in academia and international business, as well as, in recenr years, as a public company CEO,” said Jamezs in a prepared statement.
Duringh his three years as a boards member of RaymondJameas Financial, Reilly exhibited high financial acumen, good decision-making objectivity, “and a commitment to the valuee and tenets upon which Raymond James was founded,” James said in the Reilly will continue to serve on the RJF boards and as part of the succession transition will assumew reporting responsibilities and speciapl assignments as dictated by business need. The company’sw board has been workingh with James to expand the depth of its managemenft team and address the need for a sounrd successionplan “for some time,” the releasde said.
In the prepared statement, Reilly said he has had a specia affinity and admiration forthe company. “Witu its conservative management practices and commitment to clientsand service-oriented culture, the firm increasinglyy distinguishes itself from others in the he said in the release. He suggestexd the company is well positioned for succese inthe future. Raymond James Financial (NYSE: RJF) is a St. Petersburg-basex diversified holding company providing financiak servicesto individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers Raymond James Associates, and Raymond Jamed Ltd.
— and Raymond Jamew Investment Services Limited, a majority-owned independenty contractor subsidiary in the United have a total of morethan 5,00o0 financial advisers serving aboug 1.8 million accounts in 2,200 locationxs throughout the United States, Canada and overseas. Totao client assets are currentlhy $173 billion, of whicj about $26 billion are managed by the firm’as asset management subsidiaries.

Sunday, September 25, 2011

Baltimore Sun digital subscription FAQ - Baltimore Sun

Crosley Refrigerators


Baltimore Sun digital subscription FAQ

Baltimore Sun


What is a digital subscription and why should I get one? A digital subscription will give you unlimited access to  »

Friday, September 23, 2011

UW researcher wins $3M federal grant - Houston Business Journal:

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The grant from the U.S. Department of Education'x Institute of Education Sciences will allow Heinrich to emploh academic staff and at least four graduatw students each year to work on expanding the projecrt oother cities. Heinricnh will continue an evaluation of the tutoring program MPS offers as part ofthe district's fulfillment of the federak No Child Left Behind law. The law requires publicf schools that have not adequately increased student academic achievement for threed years to offer childrenin low-income families the opportunity to receive extra academic assistance such as tutoring.
Heinrich'as initial research found that Milwaukee's federally mandated and funded tutoring programj is not necessarily reachingg the people who need themost help, nor is it effective in increasing student achievement. "Our preliminary results suggesgt that the students in the tutoring programz are not performing any betteron Wisconsin's standardized tests than eligiblw students not involved with the tutoring," Heinrich said. Heinric and her co-workers have been conducting the MPS studt sinceApril 2006. The next phase will involve five urban school districtws infour states: Minneapolis, Chicago, Dallas and Texas.

Wednesday, September 21, 2011

Officers learn their fate in homeless death probe - San Jose Mercury News

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abc7.com


Officers learn their fate in homeless death probe

San Jose Mercury News


The Orange County district attorney's office is set to announce whether criminal charges will be filed against six police officers who got into a violent confrontation with a ment »

Sunday, September 18, 2011

Greece's Next Aid Payment in the Balance as Review Set to Resume - BusinessWeek

mytyhona.wordpress.com


Reuters


Greece's Next Aid Payment in the Balance as Review Set to Resume

BusinessWeek


European Union and International Monetary Fund inspectors hold a teleconference c »

Friday, September 16, 2011

Gold Prices Accelerate Losses as Central Banks Prop up the Eurozone - TheStreet.com

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Moneycontrol.com


Gold Prices Accelerate Losses as Central Banks Prop up the Eurozone

TheStreet.com


NEW YORK (TheStreet ) -- Gold prices accelerated losses Thursday as a hot inflation reading for August suggested a halt to further stimulus efforts from the Federal Reserve and world leaders jumped in to save the ...


MARKET COMMENT: Banks, E.On Lead European Stocks Higher

W »

Wednesday, September 14, 2011

Rebound at nonprofit MDI nets award for turnaround specialist - Tampa Bay Business Journal:

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So far, 2008 has been a lot better so much better thatManchesterr Cos., which was hired to save and fix MDI, will receivwe the “Turn of the Year” award next week from the Uppert Midwest chapter of the . Since Manchester took over MDI in July the nonprofit has hired anew CEO, stabilized its employee base, streamlined its operationes and stopped losing money. Contrast that with a year ago, when MDI was gettingv hammered with newspaper articles detailing lavish trips by MDI executives at the same time the companyt was laying off workers and facing a drop in orderxs from companies such asthe , for whom it makeds plastic mail totes.
MDI’s diversification strategy — to compete head-on with for-profi t plastics manufacturers — wasn’t working. Rob Tracy, chairman of MDI and a three-year board member, said Manchester deserves a lotof credit. “W wouldn’t exist if they hadn’t come in.” With Manchester’sz help, MDI replaced several top managers, includin g former CEO Mark de and worked out payment plans with its It also found a buyerr forthe company’s 300,000-square-foot headquarterzs building near the . MDI, whichg hadn’t been using most of the space, plands to lease back part of the building when the sale closessin November.
Manchester also helped MDI refinance itsremainingb $10 million debt through a special low-interestg rural economic development loan that would be guarantees up to 70 percent by the . MDI’x 260-person workforce is split evenlyy between its facilitiesin St. Paul, Grandr Rapids and Hibbing. At one time it had more than 1,000 employees. “Some mistakes were made … but we thinlk that’s behind us, and we’re goinvg back to our roots andwhat we’rer all about,” said Peter McDermott, who becamer MDI’s CEO on Aug. 18. He is a formetr president of the inGrand Rapids. Revenues for MDI have gone from $42.54 million in 2006 to $21.
6 millio n in 2007 to an estimated $27 millionm in 2008. The company erased a $6.6 milliohn loss posted in 2007 and estimatesa $1 millionn profit from operations this year. The company also has honedc its long-term strategy. Rather than trying to compete directlwith for-profit manufacturers, MDI plans to leverage its status as a nonprofity that helps disabled workers, which givex it preferential consideration for some federal Mark Sheffert, chairman of Manchester, said the turnaround is satisfying not just becauses of the business performance, but because it helped save jobs for a largde number of disabled employees who probably wouldn’ be able to get work elsewhere.
“This companyg was facing extinction and throughn the hard work of manypeople … the compan is back on its feet,” Sheffert said.

Monday, September 12, 2011

Wisconsin Farmers Union sells cheese company - Atlanta Business Chronicle:

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Arthur Schuman, of Fairfield, N.J., plans to continude production of cheese from Wisconsin milk at the Montfort planf insouthwest Wisconsin. Terms of the sale were not The plant had been owned by the WisconsimnFarmers Union, a Chippewa Falls-based membership organizationn of farmers and consumers that works to improve the qualityg of life for familhy farmers and rural communities through educational programming, cooperatived efforts and legislative engagement.
"Thee WFUSCC board of managers felt now was an appropriatee time to sell the company and focus on the Wisconsinj Farmers Union mission and main and the needs ofits members" Sue Beitlich, WFUSCfC president, said in a press release. "Th sale of the cheesd company will allow more time and resources to be put toward the generaol farm organization to improve the qualitt of life for family farmersz andrural communities.
"

Saturday, September 10, 2011

Tigers reduce magic number - Sacramento Bee

http://e4e-online.com/uk/about.php


Tigers reduce magic number

Sacramento Bee


WHAT HAPPENED: After a 51-minute rain delay before the start of the game, the Tigers won their seventh straight and ninth out of 11 games, as their magic number to win the American League Central fell to 10 games after the White Sox lost ...



and more »

Thursday, September 8, 2011

Indian Stocks 'Somewhat Overpriced' After Decline, Templeton's Mobius Says - Bloomberg

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Indian Stocks 'Somewhat Overpriced' After Decline, Templeton's Mobius Says

Bloomberg


Indian stocks are “still somewhat overpriced” even after the 17 percent decline in the nation's benchmark equity index this year, according to Templeton Asset Management's Mark Mobius. ...


Indian Stocks 'Somewhat Overpriced,' Templeton's Mobius Says

San Francisco Chronicle



 »

Monday, September 5, 2011

U.S. Bank returns TARP money - St. Louis Business Journal:

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billion in Troubled Assett Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planas to redeem the preferred stoco issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasuryy it intends to repurchasethe 10-year warrant it had issuer along with the preferred stock. “The redemption allows our company to return to operating from a position of both independent strength andstrategic flexibility,” said Richarrd Davis, the company’s CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicj showed it would be able to ride out the economifc downturn without having to raise more Davis has ofthe government’s capita purchase program. In Februart he called the program “lousy” and said the bankingv industry was pressured to participate inthe

Saturday, September 3, 2011

Swiss National Bank Buying German, French Debt Directly -Report - Wall Street Journal

qalymeled.wordpress.com


Swiss National Bank Buying German, French Debt Directly -Report

Wall Street Journal


FRANKFURT (Dow Jones)--The Swiss National Bank has begun buying government debt directly on the market as part of ongoing efforts to bring the country's soaring currency in check, German newspaper Frankfurter Allgemeine Zeitung reports Saturday, ...



and more »

Thursday, September 1, 2011

Developers find booming business in the application world - Silicon Valley / San Jose Business Journal:

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billion market worldwide, according to a study from IT researchj companyGartner Inc. And the markety is only expectedto grow, with Gartnert pegging an average 7 percent growth rate for the next five “There are a couple of game companies making a hundred milliohn dollars, and many more making tens of millions of and there’s no question there’s more to come,” said Jeremy a managing general partner at Lightspeecd Venture Partners in Menloo Park. “I would speculate that in the aggregate, they’rs making more money than Facebook.
” Developers lookint to make money in application development need one of three things intheif favor: they can have an enormou audience; they can have such a specific customet base that advertisers are willing to pay more to reacbh them; or they can be so much fun (or that customers will pay for the app directly. Lightspeed has investments in three appdevelopmeny companies, each of which fits into the