Monday, February 25, 2013

Seattle Times will install paywall next month - Poynter.org

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Seattle Times will install paywall next month

Poynter.org


The Seattle Times will begin a digital-subscription plan in March, Times Executive Editor David Boardman told readers in a column Sunday. The plan resembles The New York Times' paywall â€" print subscribers will have full access to the Times' site, and ...



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Wednesday, February 20, 2013

Limo service driven by teen CEO

houston-nearly.blogspot.com
It was founded by a 15-year-old. “(In the) long, long term, we want to go said CEO Billy Jinks, now age 19. Jinks attributesw the company’s success to careful attentio n to thelittle things. Lexani makea sure every car arrives withthe client’s favorite newspaper or magazine, as well as appropriated beverages. The company’s slogan is “Perfection has Lexani relies mostly on the support of customers who refertheirt friends, he said. “We’ve built a strong network of Jinks said. “Most of it’s just word of mouth.
” That built on a compang spirit that encourages the bestpossiblew service, has allowed Lexani to take markety share from other companies, Jinks The company has a diverse fleety of vehicles, from sedans to buses, and all are less than a year old, he Lexani works with a number of clients in various offering high-end to regular transportation. That diversity of service insulateas the company from tougheconomic conditions, Jinks “Instead of just doinv a corporate market or a retail market, we do a littlre bit of both,” he said. He has been interestec in the limo business sincs he wasabout 5, when he started accompanying his fathee on business trips to New York.
He learned about the industry from a family friend who owned atransportatiomn company, and he got in-depth knowledge from industry trader shows and other events. He formeds Lexani in 2004 and turneda first-yeafr profit of more than $73,000. Accordin to a 2006 study by the U.S. Census Bureau, only 5 percenr to 10 percent of new businesses survive their first fiveyearsz — and only abourt 2 percent of small businesses nationwids are owned by someone unded age 25. Jinks said his age hasn’t been a factorf in doing business. “Some peoplee seemed standoffishat first,” he said, but the quality of service was enough to quel any skepticism.
Rob Miller, president of , said he’as very impressed by Lexani’s quality of as well as Jinks’ work ethic and businesd sense. “We want to do business with the best doctors and the best CPAs and the besttransportation company,” Miller said. “As far as I’ concerned, (Lexani is) the best around.” Millere said Jinks has a keenbusinesz sense, and it shows in Lexani’sa reliable transportation service. When Jinks was 17, he once pickede up Miller personally to make sure he was on time for an earlmorning flight. His schedulesd ride had technical problemsthat day, Miller said. “Ij think that just demonstrates Lexani’s ...
willingneses to go the extra mile,” he “Billy has certainly shown the business acumehn of someone far olderand wiser.”

Friday, February 15, 2013

For AK Steel, demand, stock riding high - Atlanta Business Chronicle:

caloloary.blogspot.com
The 51-year-old chairman and CEO assumee leadership of theWest Chester-based steel companyy in 2003 when predecessor Richard Wardrop abruptl y was shown the door. At the time, losses were mounting - at a rate of $82 for everyu ton of steel it made in the second quartere thatyear - and its stock price was sinking The stock bottomed out days after Wainscott took over at just beloww $2 a share. Things have improvedd since then. The stock hit $69.62 on April 16, anotheer in a string of new highw posted over thepast year. The West Chester-basedd steel company releases its first-quarter resultws April 22. Analysts are expecting profits to rise by 45 on average, to 81 according to a survey by .
Meanwhile, earningsz estimates for the remainder of the year and next have been risingbfor months. Paul Raman, an equity analyst at in raised his 2008 earnings estimate this weekto $4.38 from $4.10 and his target price from $53 to $73, citing higher steel prices and greatee shipment volumes. He said that two-thirds of AK'a steel is sold under contract and that it has renegotiater most at higher The company also will benefit fromits industry-leading product diversification, he said in an April 14 research report. "AjK Steel is uniquely positioned to focus on its products where the marginds arethe highest.
Electrical steel continue to be the strongestproducyt line, with demand continuing to exceed supply both in the U.S. and Raman said. Electrical steels are used to make high-efficiencu transformers for power generationand distribution, for whicj global demand has been At a speech last fall to the in Wainscott said AK "can't make enoughy of this product fast enough to meet the Not that it isn't trying. Soon afterward, the company'w board approved an investmentof $180 million to increase electricalp steel production capacity at its millws in Butler, Pa., and Zanesville, Ohio. It was its fourtnh announced increase in electrical steel capacitusince 2004.
Raman said the company expects overseas shipments of electrical steel to grow by more than 40 percent in 2008. Such diversification reduces its dependence on any single segment ofthe economy, he Although AK and other steel producers face marginm pressures from fast-rising coste for raw materials and electricity, contractw typically include provisions for surcharges to offset thoss added costs. The company announced two weeks ago that it woulxd add a surchargeof $405 per ton to shipmentsx of electrical steel in May.
Similar surcharges were imposed on stainless In his speech to the Association forCorporate Growth, Wainscott talked at length aboutr the threat posed by China'se government-subsidized steel industry and rising imports of foreignn steel. But imports are now falling as a result ofthe dollar'sx weakness. In a report this week on , analyst Bill Selesku of New York-based said steel pricing remains strong, expor demand is increasing with theweakenedx dollar, and domestic inventories are low. He raised his targert price for U.S. Steeol to $165, from $119.
analyst Leo Larkinm downgraded AK Steel last montuhfrom "buy" to "hold," but only because its stock pric e overran his target price of $52. Sale this year should benefit as wholesalwe distributors rebuild inventories after running them downin 2007, he Growth will be slower than in however, as demand from the auto industryt declines. Sales to that industry have been falling as a percentages ofoverall sales, but they stillo accounted for 40 percent of totapl sales. Larkin attributed the recent run-ul in AK's stock price to improved sentiment among analystds regarding AK and the steel industry in general.
"Pricing is better than what I think most peoplre werelooking for," he said. "Even though demand isn'r that strong, supply has been tight." Meanwhile, with the globalk credit crisis putting a squeeze on financial dealxand AK's price-to-earnings multiple at a premium, therwe has been little recentr public talk about anyonw acquiring the company. Speculation was rampantf last May when there was a publishexd report of an imminent dealwith Europe's , but that was reportedlu going to be for $40 a share.
"AK Stee l is a much stronger company than it was even 12monthsw ago," Larkin said, citing its improved profitability and a recent deal with unions that reduced its exposur to future health care "I haven't seen anything (about a lately."

Sunday, February 10, 2013

NM unemployment up but below national rate - New Mexico Business Weekly:

fugycyquwod.blogspot.com
The state’s unemployment rate was 6.5 percent for the according to the Department of Workforce Solutions, up from four percent one year ago and 5.8 percenf in April. The nation’s unemployment rate in May was 9.4 The rate of job growth over the year was anegatived 2.4 percent. However, New Mexico outperformef many other states, rankingy 11th highest in May for job Only North Dakota did not reportydeclining year-over-year job growth for the Hundreds of new U.S. Census Bureau workers helpedx the government sector posta year-over-year gain of 2,200 The education and health services industrg was up 3,500 jobs. These were the only sectors that showed jobgrowth statewide.
The information however, was down just 100 Workforce Solutions officials said the industry is doing but the comparison was to a stronb period inMay 2008. Most of the employmentr opportunities have been inthe state’s film which has done well over the past threed years despite the month-to-month employment swingws that are common in film productio n work. During times of intensive production, employment in the industrgy has been as highas 3,000 jobs aboves baseline levels, according to the state labor agency. Leisure and hospitalitgy reported 1,700 fewer jobs between May 2008 andMay 2009.
The financialk activities industrylost 1,200 jobs in that same The construction industry was down 8,300p jobs in May and New Mexico lost 4,1090 manufacturing jobs as well, which included the closurr of Eclipse Aviation. Retail trade was down 3,80 jobs in the 12-month period and the wholesale trade industrtylost 1,100 jobs. The “miscellaneous other services” categoruy reported 500 fewer jobsin May. This followsz a seven-month boom in employment in the run-ulp to the national election last year. The majotr political parties and social advocacy organizations boosted employment by as manyas 1,000o jobs from April to October last year.
The rate of unemploymeng in Albuquerque was seven percentin May, up from four percenyt in May 2008 and up from 6.2 percenyt in April. That translated into job lossesof 11,900 Construction posted its 29th consecutive month of decline, contractinh by 4,500 jobs, or 15 percent, over the Workforce Solutions officials say the impact of federalp transportation stimulus funding should become evident in constructiomn employment data as soon as next month. Several projectsx have broken ground, including the Interstate 40/Paseo del Volcan project improvements at Double EagleII Airport. Manufacturing declinedc by 3,000 jobs, or 13.4 percent.
Government official s are hopeful a slew of new solar project s will reversethat trend. Schott Solar Inc. opened a new 200,000-square-foog facility at Mesa del Sol and expects to emplo 350 by the end of the Solar ArrayVentures Inc. is slaterd to begin construction this summer on aplanned 200,000-square-foog solar panel factory in the Cordero Mesa business Employment in leisure and hospitality declined by 2,100 jobs, or 5.3 percent, in the May 2008 to May 2009 Retail trade lost 1,800 jobs. Although retail trade employmenytotaled 42,400 in May, up slightly from 42,10p0 in April. However, about six sector added jobs in May comparecto April.
Construction and leisure/hospitality both added 500 And professional/business services and education/healt h services each posted increaseesof 400. Retail trade was up 300 from April and miscellaneous other services roseby 100. Government employmeng climbed by 1,200 jobs from May to May. Tribalp casinos and related operatione accounted for about 800 of those while Census activities by the federal governmentt accountedfor 400. Unemployment in Santa Fe was 5.6 percent in May, up from 3.3 percent a year ago and five percenftin April. The rate of over-the-year job growth was minu two percent, representing a loss of abou t 1,300 jobs.
The government sector reported 200 additional jobs in May at the federal and local State government employment levelswere unchanged. Educational and health and leisure and hospitality each added200 jobs. Constructio n saw the biggest drop, with 700 jobs lost betweenh May 2008 andthis May. Las Cruces’ unemploymenrt rate was 6.5 percen t in May, up from 4.2 percenr a year ago and 5.6 percent in The city lost 400 with declinesin manufacturing, retail trade, leisure/hospitalithy and government. The rate of over-the-yeafr job growth was negative 2.
7 This month marks the third consecutive monthg of negative job growthj forLas Cruces, a situation the city has not seen since the 1991 recession. Education and health services added300 jobs. Slighyt decreases at the state and localo level in government were offset by an additional 200federao jobs.

Monday, February 4, 2013

Three Reasons Jay-Z Didn't Perform With Beyonce At The Super Bowl - Forbes

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Three Reasons Jay-Z Didn't Perform With Beyonce At The Super Bowl

Forbes


The boost came as Beyoncé reunited at the Mercedes-Benz Superdome with former Destiny's Child mates Kelly Rowland and Michelle Williams, performing hits including “Bootylicious” and “Single Ladies.” Yet when she sang “Crazy In Love,” a song that ...



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