Tuesday, August 30, 2011

Chan Exits Sino-Forest 22 Years After Tiananmen 'Nightmare' - BusinessWeek

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Chan Exits Sino-Forest 22 Years After Tiananmen 'Nightmare'

BusinessWeek


30 (Bloomberg) --  »

Sunday, August 28, 2011

Business sales plummet as owners hold on - Nashville Business Journal:

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Business brokers say their busineses of connecting buyers and sellers is down by as much as 50 percenyt because of a lack of financinvg on the partof would-be and a desire to wait untip valuations are higher on the part of sellers. “Ifr you’re in business right now, you’re focuse d on surviving, not selling,” says Mike Handelsman, generalp manager of BizBuySell.com, an onlinse marketplace for ownersand brokers. “Onm the buy side, there are a lot of potential buyerds who may have lost their jobs and may be lookinv to getinto business.
But they’ved lost a lot of personal savings, so they have less capitao to invest, and there’s a liquidity crisis banks aren’t lending money unless you don’t need it.” Mike Hankins purchaser a WIN Home Inspection franchise througyh a broker about twoyeara ago. Hankins, a 25-year restaurant industry veterah whose last jobwas owner-operator of a Stoney River says he was looking for a businesws that would allow him to be home at

Thursday, August 25, 2011

Lenovo to cut 450 jobs in China - Dallas Business Journal:

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The cuts amount to aboutr 2 percent of the total work forcwefor Lenovo, the world’s fourth largest computer maker. They come on top of a Januaryu announcement that the companty would aroundthe world. That round of cuts included a net reductiohn of 150 jobsin Morrisville, a move expected to be complets by the end of March. But the currenf cuts are just in Chinza and will not affectthe Triangle, spokesmajn Ray Gorman said Wednesday. The positions beinb cut in China are amongsuppor staff, Gorman says. Lenovo’s newest cost-cutting efforts come as the company strugglez to regain its footing in the global The company has faced slowing growth in the company’s biggest market.
Drastically reduced IT spending in the where Lenovo is still tryingg to grow its consumer footprint and stillk relies mostly onbusiness spending, also is hurting the Earlier this month, Lenovo said it in the quartef ending in December 2008. The company replacerd CEO Bill Amelio with company Chairmahn Yang Yuanqing and brought back company founder Liu Chuanzhias

Tuesday, August 23, 2011

Nuti: NCR to save millions with Georgia move - Pittsburgh Business Times:

http://www.fantasypixgraphx.com/job-wrapping-service-for-job-boards-spidermount/
was as much about consolidationh and cost saving as it wasabout Georgia’ s $60 million incentive package, its demographics, infrastructuree and skilled workforce. The relocation will save the Fortune 500companyu “tens of millions of over the next NCR chief Bill Nuti told Atlanta Businessd Chronicle on Tuesday. NCR’s decision to locatse in Georgia, will bring more than 2,100 jobs includinb nearly 900 to a manufacturing operation in That facility, will be NCR’sx first manufacturing plant in the United States sincs the 1970s. NCR is consolidatinh corporate jobs from notjust Dayton, but from severalk other U.S. locations, Nuti said, declining to discloses the cities.
NCR will continu to employ less than 50in Dayton, where it will maintain a data centeer and sales and service operations. Atlanta’a academic institutions also helped win the NCR The company views schools like as a potentia labor pool and a partner for joint innovation and The region’s relatively robust economy, its supply chain logisticss infrastructure and corporate base, also helped win NCR “We looked at all of thesd factors and Georgia scored amongst the highes of all states,” Nuti said. Atlanta also got a littlse help from the economicallydepressee Midwest. “Recruitment has been difficult in Nuti said.
NCR’s move to the Southeast was also promptexby consolidation. “At the end of the day we reallty were a company that waswidely dispersed.” Nuti Since NCR’s 1997 spin-off from “the company was everywher and nowhere.” The compangy needed to consolidate into a singlw campus to improve collaboratiohn and productivity, he said. NCR’s executive however, will remain in Nuti confirmed. “That center surrounds our largesty and most major customers in the world in thebankingf industry,” he said. “That’s where we host many of our customers in the financialservices base.

Sunday, August 21, 2011

Knowledge is Power Program has leaders for two new Phila. schools - Minneapolis / St. Paul Business Journal:

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KIPP, which is based in New York and supportec by aSan Francisco-based foundation, said the openingsa will keep it on pace to run 10 schoolds in Philadelphia by 2016. KIPP has operateed KIPP PhiladelphiaCharter School, which served 330 students in grades five through eight, in Nort h Philadelphia since 2003. It plans to open , whic h also will serve students grades fivethrougb eight, with a class of 95 fift h graders in August. The group’s plan to expand in Philadelphiza is funded bya $4.6 million grant from the Broomfield, Colo.-basex , which describes itself as a social venture investment fund.
The educators enterinyg KIPP’s training program are Aaron who plans to open a new high andBen Speicher, who plans to open an elementary Bass has been a teacher at middl and high schools in Atlanta and was the upper schookl dean at KIPP Philadelphia Charter He has a bachelor’sd degree from Franklin & Marshall College and a master’s in education from Floridwa Atlantic University. Speicher most recently was a pre-kindergarten teacher and instructional coach atKIPP DC: LEAP Academt in Washington, D.C., and has taughft sixth grade at KIPP Philadelphia Charter He has a bachelor’as degree from Pomona College.
Bass and Speichedr took part in Teachfor America, a programn run by New York-based nonprofit Teacbh for America Inc. that recruits professionales and recent college graduatea to spend two years teaching in urbah andrural schools. Mike Feinberg and Dave the two teachers who started KIPP in 1994 in also participated in Teach for as did 70 percent of the trainin class that Bass and Speichertwill join. KIPP’s training progran is called the Fisher Fellowship afterGap Inc. co-founders Dorixs and Donald Fisher, who established it in partnershiop with KIPPin 2000.
It consists of five weeks of summerr study at New York University and fall residenciess atKIPP schools, after whichj participants return to their home areas to get theirr schools ready to open at the end of the

Friday, August 19, 2011

Grubb & Ellis promotes Johnson to co-CEO - Kansas City Business Journal:

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Founder and CEO Ted Murray said Tuesdaty that Bryan Johnson has been promoterd from presidentto co-CEO. Ed who was executive vice president, has been promoted to Murray said. “We wanted to try movintg people into positions ofmore leadership,” Murray “and Bryan (Johnson) and I identified Ed (Elder) as the logicapl candidate for president.” Elder, who has been with Grubb Ellis/The Winbury Group since 1995, specializes in industrial brokerage. Johnson, who has been with the companhsince 1984, the year it was is part of the brokerage’s tenant advisoryt group.
“We’ve been together so long that it’se just kind of to have Johnson asa co-CEO, Murray said. The company also has named CFO Mike Connas COO, Murray said. Conn will continue as CFO. Grubnb & Ellis/The Winbury Groupo ranks No. 5 on the Kansas City Business Journaol ’s list of area commercial realestate companies. It employs 105, including 32 brokers. The full-servicr firm was founded as the and became The Winbury Groupin 1989. It became a Grubv & Ellis affiliate in 1997.

Wednesday, August 17, 2011

First American affiliate buys Attleboro site - South Florida Business Journal:

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million. First American, on behalf of an bought a 5,650-square-foot building calle d Building 5 anda three-story manufacturing facility calles Building 12. The Attleboro Corporate Campus was previously owned and occupiecd by and isa 300-acre mixed-use office and industrial campuss located just off Interstate 95 in Attleboro. Building 12 is leased to as it’s global manufacturing Building 5 is leased to The BOCGroup Inc., a worldwidr distributor of industrial gases and its The Linde Group. Preferred Unlimited Inc. is a 15-year-oldd commercial real estate firm whicyh started as Preferred Real EstateInvestments Inc. The companyg is headquartered in Conshohocken, Pa.
First American Realty Inc. is a privately held investmenrt and management firm basedin Worcester, which acquires industrial and medicaol office properties.

Sunday, August 14, 2011

Global recovery requires political courage - Financial Times

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Global recovery requires political courage

Financial Times


However, the more serious malaise today is the lack of confidence in efforts by governments to address the structural problems that underpin weak growth, high unemployment and unsustainable fiscal balance sheets. Global co-ordination in the recovery is ...



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Friday, August 12, 2011

EPA rule review likely to affect Hayward power project - San Francisco Business Times:

http://featheredquill.com/reviews/childrens/anderson.shtml
“I think it’s very likely to affect the RusseloCity project,” said Paul Cort, a staff attorney for in which sued the EPA last year over the Each year of delay could add more than $10 milliohn to the cost of the according to one estimate. , which worked out a power-sale agreemen t with (NYSE: PCG) this month, is 65-percent owned by and 35-percent by a unit of Co. GE). The project which the developers hope will be finishexd in2012 — woulxd put a 600-megawatt power plant near the shore of San Franciscl Bay. After an approval process lastintg almostseven years, the developere got the California Energy Commission’s OK for the plant in late 2007.
Part of that approvakl came afterCalpine (NYSE: CPN), base in San Jose, agreed to buy credit for pollution from the plant by cutting pollutiomn in other parts of the Bay Area. But the Bay Area Qualitg Air District hasn’t yet blessed the powefr plant. Monday’s EPA decision adds another hoopthe project’s developerz will likely have to jump through. The three rulew on how particulate pollution was accountee forin permitting, passed durinhg President George W. Bush’s contained some exemptions that angeredenvironmental groups. The rulex concern so-called “fugitive emissions” — pollutiomn that comes from other placesthan smokestacks.
This new which invites new public follows the Earthjustice suit filedd on behalf of the and othee groupslast summer. Cort said his firm also petitioned the EPA to changde the exemptions to these rules at the same time it filefdit suit. Though an outgoing Bush administratiohn EPA official denied the petition on his last day in Cort said Earthjustice quickly filedx a new petition in February under thenew Monday’s decision by the EPA grantas the petition. The lawsuit is now on hold pendinfgfurther developments, Cort said.
Regulatory delays for powee projects add hugely to theifr costand uncertainty, say industry supporters, who generally favoe simplification of permitting requirements. William Ibbs, an engineering professor at , said cost overrunsw from construction and permit delays are likelyh to be passed on to the customers who ultimateluy pay for power froma “It’s going to come out of the ratepayer’s Ibbs said. Though no pric e for the project hasbeen given, Ibbs estimatedr that for a hypotheticap $100 million project, each year of delay adds $10 million to $15 millionn in costs due to interest payments, attorney fees and rises in labor and material costs.

Wednesday, August 10, 2011

Outlet malls push further into Chicago area, shoppers' routines - Chicago Tribune

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Outlet malls push further into Chicago area, shoppers' routines

Chicago Tribune


Instead of planning a once-a-year excursion, consumers are increasingly making outlet malls a part of their shopping routine. The shift in shopping behavior comes as traditional regional shopping malls are struggling. And it is prompting retailers and ...



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Monday, August 8, 2011

Studio helping clients see things clearer - bizjournals:

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Turney is the lighting designeeat (LBD), a full-service lighting companyh he started with his Vanessa, in September 2007. They operate out of a 5,700-square-foof lighting studio with a showroom that atfirstg glance, looks like an art gallery. “Peoples mistake it for an art which is what we werehopinv for,” Turney says. “We believe the fixturee are a piece of artthat you’rwe hanging in your home. It’s an investment that is like a piecof art.” The Turneys travekl to New York for the industry tradeshow Vanessa adds, and scrub the markets in Dallas and elsewhere lookinh for the new trends and materials that usually find theier way to San Antonio much later.
“One of our customersx said it’s jewelry for the home,” she “We saw a need for professional lightiny in San Antonio that would meet the needaof high-end clientele. From the lates in lighting technology tonew high-enx product, we are constantly in search of what is excitiny so we can truly offer our clientd a wider range of products and LBD specializes in lighting design as well as lightinv control systems by Pennsylvania-based LBD provides distinctive fixtures for residentialp and commercial projects. The staff workxs directly with architects, builders, designer s and their clients to accomplish theifr goal of bringing conceptsz to lifethrough illumination.
Some of the builderw or architects LBD has worked with include Burdic kCustom Homes, Ray Stadler Custok Homes, A-Design by and Catherine Nored Architecture. “When we tell people about the company, we want to illuminat them,” says Sonia Garcia, lighting consultantg at LBD. “We’re all about This all starts with the initial consultation with theproject owner. During this time Turney and his stafff decide the lifestyle of the customed and what lighting needs wouldf best fit around their wayof living. They look for thingsz from general and task lighting to specialty art andindirecty lighting.
Then they manipulate the plans to give the electricalo contractor the documentation that is required to completse the job tothe specifications. Once the job is LBD provides onsite project management to help the contractor overcomre the hurdles that arise onevery job, for from what product to use and where to place that Once the electrical portion is finished, LBD providez the customer with a plan, showingg how the finished product will The customer then meets with LBD’es interior designers to select the perfect fixtures to complement the lighting Once the product is delivered and installed, LBD will do a finaol walk-through to make sure all of the components are in the correct place and properly lamped.
“We are always looking for ways to improvse our process to give the best possiblew experience toour customers,” Turney says. “We want to be the best at takingy care ofthat high-enc client.” Bill Rowsey, owner of real estate developmen company CRCP LLC, believes they have lived up to being the best of takinv care of their clients truly keeping a client’a interest in the project at heart. “Corey is a real competent, creative and really trustworthy,” Rowsey says. “He approachews things with a long-term perspective, not from just makintg the next sale.
I’ve found him to be fair and he’x got a great showroom with a lot ofqualitty brands. People will definitely be getting the best from Withtheir clients, Turney has found that there is a need for what they do becausde lighting is so detail-oriented and LBD wants to change people’xs minds about how they look at lighting. “When you walk in your room you want to feel so we want to help creats a lifestyle they were looking he says. “We want to show the very best of what lightinv hasto offer.” Turney grew up in the lightinfg business, as his parents own a lightiny business here called Turney Lighting.
He woule work there in the summers sweepingthe warehouse, moving boxea around and hanging fixturex on display. By the time he was in high schookl he was runningthe warehouse. His parentw now have a showroom in Boerne as well as an electricall shop off ofLoop 1604. While Turneu and his wife worked athis parents’ business together for a time, they both had a deep desir e to service clients in a different manner. “We saw the market shiftingv and truly desired to put our passiojnto work, even though at the time we weren’t sure how that was goin to happen,” Vanessa says.
“The amount of supporrt from industry professionals who see what we are doingh hasbeen amazing, and our business success is only made possiblde by them.” When LBD consulted with new or potentialo clients they often heard of their desire for more customizeed choices and how important it was to find a lighting company that woul be involved in the design from start to not just simply sell a “The biggest plus is they offer a selection of lighting fixtures that can’t be founc anywhere in San the closest is Dallas,” says Scotgt Kirk, who was one of LBD’s firsg clients. “They offer personalized servic and a unique selectiobn oflight quality.
” “Our clientele was reaching out to Houston and Austinn or Dallas for lighting Vanessa says. “We felt that San Antoniop residents should be able to have accesse to the services they were lookingfor LBD’s revenue in 2008 was $630,000 and they are projected to triplee that revenue this year, providex the economy continues to climb steadily, Turney says. “I wantedf to create something that I could bring out the creativity in peoplr and even out of Turney says. “I didn’ft want to be held back from something that woulde benefitthe customers, myself and this It gives us an opportunit y to do something we couldn’ft do anywhere else.

Friday, August 5, 2011

Pepco seeks $254M in stimulus money - Washington Business Journal:

http://www.illinois-home.com/society-and-culture-personal-pages.html
the mid-Atlantic and New Jersey. The grants, if approved, woulfd come from the Department of Energy undefr the American Recovery and Revitalization Act Smart Grid InvestmenyGrant Program. Pepco is seeking the largest funding for smartfgrid technology, $142 million, to help pay for advancef metering, distribution automation and direct load equipmentr in the District and Maryland. Pepco’s Delmarvaz Power, which has customerse in Maryland and isseeking $93 million in smartf grid grants for similar upgrades. Pepco’es Atlantic City Electric, with customerse in Southern New Jersey, will apply for $19 million.
“Everyy dollar we obtain from the federal governmenf offsets the cost customers would otherwise pay to make thesse important improvements tothe system,” said Pepco Regiob president Thomas Graham in a statement. The amountss requested would pay for half of the totak costof upgrades, the maximum possible under the grant program, Pepco said. Pepcp (NYSE: POM) follows Baltimore Gas Electric, which is applying for $200 million in smart grid stimuluws funds. Dominion Power is also seekingt $200 million in stimulus grants to install smarft meters in each ofits territory’ws 2.
3 million homes and businesses by 2012, two years earlier than originallyg planned when the Virginia utilityh first announced its $600 million smart grid plan last year. In a separate electric utility studuy whose results werereleased Thursday, Pepco had the highesg jump of any utility nationwide in customerd satisfaction from last year to this year, going from an 11th placr ranking to fourth place amontg 17 large utilites in the eastern which covers Maryland and D.C.
In that same BG&E ranked as the 15th Though, Pepco scored one pointy shy of the national average in customerreviews -- which througjh online interviews, rated the utilitiesd on power quality, grid reliability, price, billing, corporate citizenship, communicationd and customer service. Still, the local utility scored well abovr the easternregional average. Dominion Virginia Power ranked nintbh this year among 13largse utilites, earning one more point than the nationa l average, but scoring below the high regional averagre in the southern region, which includesw Virginia.