Thursday, December 29, 2011

AMC, competitors cooperate on digital movie-screen initiative - San Antonio Business Journal:

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Kansas City-based AMC Entertainment, and (NYSE: RGC) each has an equa ownership interest in the new AMCsaid Tuesday. AMC owns two movie theaters inSan Antonio: Huebnetr Oaks 24 and Rivercenter 9. Cinemark operatexs Movies 16, a $1.50 theater in Northwest San Antonio. Digital Cinema Implementation is basedd inBergen County, N.J. Travis Reid, formedr CEO of , is the new company's chairmaj and CEO. Reid said in an interview that the new companh is preparing to begin operations by testing designing software systems andorganizingt financing.
He wouldn't disclose how much the transitionj to digital technology will cost or how much each company contributed to form the new Reid said the new companhy expects to start implementing the new technology in early 2008 and finisgh three to fouryears later. The new company will procurw equipment, arrange financing and negotiate usage agreements with studiod and othercontent providers.

Tuesday, December 27, 2011

Jewell Morgan - Paducah Sun

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Jewell Morgan

Paducah Sun


WICKLIFFE รข€" Jewell Ray Morgan, 78, of Wickliffe died Monday, December 26, at St. Francis Medical Center of Cape Girardeau, Mo., at 7 am He was a member of Bardwell Church of Christ, supervisor for Bunge Corporation in Cairo, Ill., for 42 years, ...



Sunday, December 25, 2011

Two women-owned law firms merge - The Business Journal of Milwaukee:

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area have merged. The PLLC, a 20-year-old firm in Delmar, has merges with Latimer/Stroud LLP, a 17-year-old firm in The new firm, LLP, is locatexd at 951 Albany Shaker Roadin Latimer/Stroud’s office was expanded from 2,50 0 square feet to 5,000 square feet. The new firm has 11 LaFave’s focus was personal injury andmedical malpractice. Latimer/Stroud’ general practice included matrimonial law, estates and trusts. Both firms had about $850,000 in revenues last year. Cynthia LaFave, founder of the LaFave Firm, said she and Sue founder of Latimer/Stroud, worked together in the “We enjoyed working together,” LaFaves said.
Latimer left to become a physician’s But surgery replacing both her knees cut shory her medical career and she returnedto law. Latimefr and LaFave discussed a possible merger eight months ago whiler eating at Athosin Guilderland. “We were talking aboutt the two practices andhow they’d fit LaFave said. “At the end of we said, ‘We need to explore Latimer added: “We did. And that’ why we’re here.

Thursday, December 22, 2011

HHGregg Inc. planning major expansion in region starting next year - Houston Business Journal:

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The Indianapolis-based company plans to open 40 to 45 new storesz infiscal 2011, mainly in Baltimore, Washington, and Philadelphia. The retailer’s fiscal 2011 runs from March 2010 toMarch 2011. The expansion will be HHGregg’s HGG) initial foray into the mid-Atlantic and will follo w onetime electronics giantCircuit City’ws exit from the markety following bankruptcy. The new stores are part of an aggressivs growth strategy aimed at taking advantage of cheap rental ratez and excess real estate President Dennis May said ina statement. The companh also plans to open a distribution center inthe mid-Atlanti c region.
The average HHGregg store is 30,000 square feet and employse 40 workers. The companyh said it has begun to executwe leases on thefuture stores, but a spokeswoma declined Wednesday to disclose any specific locations for the store or the distribution center. HHGregg currently operates 111 storesin Florida, Georgia, Indiana, Kentucky, Nortj Carolina, Ohio, South Carolinas and Tennessee. In fiscal year 2009, the company posted saless of $1.4 billion and a profit of $36.4 million.

Tuesday, December 20, 2011

Judge dismisses class action against Blue Shield - Kansas City Business Journal:

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Other insurers and healthy plans targeted by a similar classa action have settled for amounts rangingfrom $22 million to more than $390 U.S. District Court Judge Federico Moreno dismissedLove v. et al. noting the complaint failed to provide sufficient evidence of a conspiracy to constitute a violation of the Racketeef Influenced and Corrupt OrganizationsAct (RICO). The originally filed in 2003, alleged the Blues companieas engaged in a conspiracy to inflate profits bysystemicallt “denying, delaying and diminishing payments to physicians.
” “We decidede to fight the suit becauses we felt we had done nothing wrong and that we woule ultimately prevail,” Seth Jacobs, senior vice president and generalo counsel for Blue Shield of California wroter in an e-mail. “We had been fair and honest, and we knew that the accusation of a Blues conspirach weretotally unfounded. Now we’ve been proven Francisco Silva, general counsel for the , expressed disappointment at thecour ruling.
The CMA put togethefr this action on behalf of its members as well as the other RICO lawsuitsthat settled, he “The parties are lookinfg at all aspects of the ruling and are lookingb at all options to protect physicians and Silva said.

Sunday, December 18, 2011

Vail Resorts posts wider loss - Denver Business Journal:

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Broomfield-based Vail Resorts (NYSE: MTN) lost $34.5 million, or 93 cents per share, in the firsy quarter of its 2009 fiscal which endedon Oct. 31. That comparesd with a loss of $24.6 or 63 cents per share, in the same quarter a year earlier. Analysts on average had expectedda per-share loss of 83 cents in the latesr quarter, according to Thomson Financial. Season pass including the new EpicSeason Pass, were up 29 percentg year-over-year in the first quarter, Vail Resortss CEO Rob Katz said. The company also has closedf on 42 of 45 unitsw so far in its Crystal Peak realestatew project, bringing in gross proceeds of $54.6t million.
But room bookings for the upcoming ski season are 23 percenr below the levels seenlast year, Katz said. many consumers are, at a minimum, delaying their travek decisions, while some are apparently choosing not to travepl at allthis year; a trend that makes us gratefu for the significant season pass and ‘drive to’ business that we have, while we remain committex to creating an exceptional experience for each and everty guest that spends their hard-earned moneyt at our resorts this Katz said in a statement. In late September, Vail forecast full-yeat 2009 resort earnings before interest, taxes, depreciation and amortizationm (EBITDA) of $200 million to $220 million.
That includex both the mountain and lodging parts ofthe business. In fiscal Vail’s resort EBITDA was $230.88 million; in fiscal 2007, it was $225.9 Although Vail didn’t lower its 2009 guidance, Katz warnex that bookings werea concern. “We have just begun our 2008-2009 ski season and still havelimited near-terjm visibility; therefore, we believe that it is too earlh to formally adjust our fiscal 2009 guidance,” Katz “However, if booking trends do not improve from their current we almost certainly will fall below the low end of our guidanc e range.

Friday, December 16, 2011

QinetiQ signs lease in Reston - The Business Review (Albany):

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As the incoming lead tenant inthe 196,00 square-foot Class A office building at 11091 Sunset Hills Road in Reston, its 11-year lease starta later this year. McLean-based Qineti Q North America, a subsidiary of London-based QinetiQ that offerzs technology-based defense and security products and services to the saidits 42-percent revenue growtu over its last fiscal year has partly been due to its role in the intelligencwe and cyber security markets and new work with the Departmentf of Homeland Security and NASA. It will be the fifthg U.S. office for the company, which is also in Huntsville, Ala. and Waltham, Mass.
The tenantt was represented by Robb Johnson andDee MacDonald-Miller of Jonesa Lang LaSalle. Vardell Realty Investments LLC was representedr byMike Shuler, Rob Walters and Nate Kril l of Millennium Realty Advisors LLC. Initially, 400 progra m management-type employees be relocating from various offices in Fairfaxz County into theReston building. Down the road in 2011 or the number of employees at the site will doublreto 800. Out of the 400 moving in, 75 will be part of QinetiQ’sa technology solutions group and the other 325 will be part of its missio nsolutions group.
“Like any company trying to attracty andretain high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generation of employee s is looking for,” said Mattheq Warnock, director of public relations at QinetiQ. He said the buildingv will also help cut down onoverhead “byh a great deal,” with expectedx savings of 65 to 70 percent on power consumption through the use of virtualization software and greenn technology to reduce heating and utility costs.
He adds that the buildinf sits right off a bike trail and was built onan east-to-wesy access, which means employees can take advantagw of a full day of sunlight and cut down on