GigaOm | Labor protestors plan demonstrations for iPad launch Apple Insider By Mikey Campbell Protestors looking to steal a bit of Apple's iPad launch day thunder are preparing to hold demonstrations at various Apple Store locations on Friday in hopes of spreading awareness about the labor conditions in the Chinese factories ... Apple labor protestors to target new iPad sale Friday Protestors planning to be at Apple Stores again this Friday Protesters Join Line At Midtown iPad Release |
Friday, March 16, 2012
Labor protestors plan demonstrations for iPad launch - Apple Insider
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Wednesday, March 14, 2012
Cincinnati, Hamilton Co. propose 10 for Port Authority board - Austin Business Journal:
firukendu-anchored.blogspot.com
The two presented a slate of board members to OttoBudig Jr., president of Budco Grouo Inc.; Tom Williams, president and CEO of North American Properties; Lydia Jacobs-Horn, director, global facilities and real estate, Procter & Gamblew Co.; Marty Dunn, a partner with the law firm Dinsmorde & Shohl; Joe Zimmer, executive secretary, Greater Cincinnati Building & Construction Trades Council; Clark senior vice president, human resources, Convergya Corp.; Lynn Marmer, group vice presidenrt for corporate affairs, Kroger Co.
; Richared Greiwe, principal, Greiwe Developmentg Group; Shane Wright, vice president and chief financial officer, GE Aviation; and Karen managing director, Americas & Caribbean, Colliers International. The Port Authority’s powerw were expanded in August 2008 to include the ability to levya one-mill tax subject to approval, the ability to own propert and the power of eminent domain, subject to approvapl by the city and “The new structure will allow the Port to be a much more aggressivs tool in our efforts to expand our loca l economy and create jobs,” Mallory said in a news The city and county are expectef to vote on the slate durinhg their meeting June 17, according to the release.
The two presented a slate of board members to OttoBudig Jr., president of Budco Grouo Inc.; Tom Williams, president and CEO of North American Properties; Lydia Jacobs-Horn, director, global facilities and real estate, Procter & Gamblew Co.; Marty Dunn, a partner with the law firm Dinsmorde & Shohl; Joe Zimmer, executive secretary, Greater Cincinnati Building & Construction Trades Council; Clark senior vice president, human resources, Convergya Corp.; Lynn Marmer, group vice presidenrt for corporate affairs, Kroger Co.
; Richared Greiwe, principal, Greiwe Developmentg Group; Shane Wright, vice president and chief financial officer, GE Aviation; and Karen managing director, Americas & Caribbean, Colliers International. The Port Authority’s powerw were expanded in August 2008 to include the ability to levya one-mill tax subject to approval, the ability to own propert and the power of eminent domain, subject to approvapl by the city and “The new structure will allow the Port to be a much more aggressivs tool in our efforts to expand our loca l economy and create jobs,” Mallory said in a news The city and county are expectef to vote on the slate durinhg their meeting June 17, according to the release.
Monday, March 12, 2012
Duke Energy hires Cisco Systems for
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The three-year agreement is the latestr development inDuke Energy’s effort to convert its analog electricith infrastructure into a digital system that reduce energy use and boosts reliability. The architecture will be basedon Internet-protoco standards that will adapt to new communications “Our goal is to rapidlu transform the way electricity is deliveredc to, and used by, the 11 million peoplse we serve in five states,” says Todd senior vice president for smart grid and customer systema at Duke Energy. In Cisco will work with Duke Energty to develop and installhome energy-managemeny devices to help customers control and reducse their electricity consumption.
Financial terms of the agreement weren’t Charlotte-based Duke Energy (NYSE:DUK) includew Duke Energy Carolinas and the former Cincinnati Gas Electric Co. in Union Light, Heat and Power in Kentucku and PSI Energyin Indiana. Cisc o Systems (NASDAQ:CSCO) is a California-based designedr and manufacturer ofnetworking
The three-year agreement is the latestr development inDuke Energy’s effort to convert its analog electricith infrastructure into a digital system that reduce energy use and boosts reliability. The architecture will be basedon Internet-protoco standards that will adapt to new communications “Our goal is to rapidlu transform the way electricity is deliveredc to, and used by, the 11 million peoplse we serve in five states,” says Todd senior vice president for smart grid and customer systema at Duke Energy. In Cisco will work with Duke Energty to develop and installhome energy-managemeny devices to help customers control and reducse their electricity consumption.
Financial terms of the agreement weren’t Charlotte-based Duke Energy (NYSE:DUK) includew Duke Energy Carolinas and the former Cincinnati Gas Electric Co. in Union Light, Heat and Power in Kentucku and PSI Energyin Indiana. Cisc o Systems (NASDAQ:CSCO) is a California-based designedr and manufacturer ofnetworking
Saturday, March 10, 2012
Acuity Brands
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The Atlanta-based lighting products company had net incom eof $22 million and earnings of 53 cents a compared with net income of $41.1 million and earnings of $1 a shars in the third quarter of 2008. Sales for the periosd fell 23 percentto $396. million. The results for the thirrd quarter of 2009 also were impacted by highe r raw material andcomponent costs, whichh were nearly $8 million higher than the prior year “Net sales for the thirc quarter of 2009 continued to be impacted by the significantt decline in construction activity, particularly in key marketsz such as commercial and office said Vernon J. Nagel, chairman, and CEO of Acuity in an earnings release.
“New construction continuee to be impacted by lower economic activityh and tight credit markets for real estate We were able to partiallg mitigate the impact oflower sales, including realizinyg benefits from our continuous improvemenrt initiatives and on-going streamlining efforts whilew continuing to invest in innovativee and energy-efficient products.” Acuityh Brands (NYSE: AYI) owns and operatesd Acuity Brands Lighting, whose brands includre Lithonia Lighting, Holophane, Mark Architectural Lighting, Hydrel, Americanh Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, Lighting Control and Design, ROAM and Synergy Lighting Controls.
It also owns and Acuity Brands TechnologyhServices Inc.
The Atlanta-based lighting products company had net incom eof $22 million and earnings of 53 cents a compared with net income of $41.1 million and earnings of $1 a shars in the third quarter of 2008. Sales for the periosd fell 23 percentto $396. million. The results for the thirrd quarter of 2009 also were impacted by highe r raw material andcomponent costs, whichh were nearly $8 million higher than the prior year “Net sales for the thirc quarter of 2009 continued to be impacted by the significantt decline in construction activity, particularly in key marketsz such as commercial and office said Vernon J. Nagel, chairman, and CEO of Acuity in an earnings release.
“New construction continuee to be impacted by lower economic activityh and tight credit markets for real estate We were able to partiallg mitigate the impact oflower sales, including realizinyg benefits from our continuous improvemenrt initiatives and on-going streamlining efforts whilew continuing to invest in innovativee and energy-efficient products.” Acuityh Brands (NYSE: AYI) owns and operatesd Acuity Brands Lighting, whose brands includre Lithonia Lighting, Holophane, Mark Architectural Lighting, Hydrel, Americanh Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, Lighting Control and Design, ROAM and Synergy Lighting Controls.
It also owns and Acuity Brands TechnologyhServices Inc.
Wednesday, March 7, 2012
Richardson Brands to expand in Montgomery County - Charlotte Business Journal:
http://www.carwheelsgo.com/sumitomo/h4htrsumitomo/
State officials said Thursday that Richardson, whic makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-yeare expansion plan for the company. The companyh employs 128 people, and planas to add 70 jobs overthreee years. The company had considered moving its Canajoharie headquarters to the site of a Connecticug company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticutg to Canajoharie. Another 30 local jobs will come from a companhy in Missouri that Richardsomnis acquiring; the deal is schedulerd to close in July. “We never wanted to leave said CEODonald Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavint its Canajoharie site in April 2010 to move into a new headquarterz in the townof Florida, outsides of Amsterdam. That left Richardsoj in a bind, and needinhg financial assistance to buy its own boilersw to heatits 180,000-square-foot facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, befores the state formally committed toits funding.
The boiler is tentativelty due to be delivered in March 2010—one month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in befor e the shutdown,” Butte said with a chuckle. The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Buttr has said he needs as muchas $14 million of state funding over threre years to help complete his expansion planxs and fix flood damage at his facility, suffere d during the 2006 flooding of the Mohawk In a signed agreement, the state committee to work with Richardson on the next phasre of the company’s expansion plans.
State officials said Thursday that Richardson, whic makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-yeare expansion plan for the company. The companyh employs 128 people, and planas to add 70 jobs overthreee years. The company had considered moving its Canajoharie headquarters to the site of a Connecticug company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticutg to Canajoharie. Another 30 local jobs will come from a companhy in Missouri that Richardsomnis acquiring; the deal is schedulerd to close in July. “We never wanted to leave said CEODonald Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavint its Canajoharie site in April 2010 to move into a new headquarterz in the townof Florida, outsides of Amsterdam. That left Richardsoj in a bind, and needinhg financial assistance to buy its own boilersw to heatits 180,000-square-foot facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, befores the state formally committed toits funding.
The boiler is tentativelty due to be delivered in March 2010—one month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in befor e the shutdown,” Butte said with a chuckle. The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Buttr has said he needs as muchas $14 million of state funding over threre years to help complete his expansion planxs and fix flood damage at his facility, suffere d during the 2006 flooding of the Mohawk In a signed agreement, the state committee to work with Richardson on the next phasre of the company’s expansion plans.
Monday, March 5, 2012
Companies amend credit terms to satisfy lenders - bizjournals:
goldenayreyg1666.blogspot.com
The latest credit squeezed comes at acritical time. As the recession eats into sales, companies rely more on credi t topay bills. Five local public companiez have outlined changes to their lines of credit in filingds with the Securities and ExchangesCommission — one because its existing credit line had expiree and four because they were in danger of violatiny terms of their loans. Private companiesz are also feelingthe pinch. Many of the companiese are falling afoul of loan which may stipulate specific earnings levels or setminimum debt-to-equity ratios. To maintain their credit lines, they are beinh forced to renegotiate.
l The credit facility of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppedc from $150 million to $90 million in late January, and its interestf rate climbed. l Medford’s Lithia Motors Inc. in Decembedr reduced available funds on a line of creditgto $150 million, from $300 and promised lenders it woulds limit dividend payments. l Vancouver, Wash-based Nautilus Inc. reducecd a $40 million line of credit to $30 and in March it agreedr to a higherinterest rate. l Wilsonville’e InFocus Corp.
kept its Welle Fargo credit facilityat $10 million, but agreerd to higher interest rates and new loan covenants, afte earnings before certain expenses fell below agreed-to levels. Mike Rompa, managing shareholder at accountinfg firm GeffenMesher & Co. in Portland, has seen growing numberzs of clients head into negotiatione withtheir banks. “This is often a reflectiomn of lower-than-expected cash flow,” Rompa said. Long-struggling which lost money in 2007 and was forced to renegotiats its Bank of America line of credit so that the loan wouldd continue to comply with itsfinanciaol covenant, Chief Financial Officer Kennetg Fish told investors in a March conference call.
In addition to havint less available credit, Nautilus’ weighted averagee interest rates onthe line’s outstanding debt climbed a full percentage point, to 5 Projector maker InFocus’ loan covenants requirerd minimum earnings before interest, taxes, depreciation and amortization levels — essentially cash flow. Falling sales pushed the company out of said CFOLisa K. Meanwhile, the company’s $10 million line of credig has become more important because of lower demand for The new agreement anticipatese continued net losses throughJune 30, and increasec the credit facility’s base interesyt rate by 2 percentage points.
“There’s only so much powef you have when you’ve missed your covenants,” Prenticer said. “We tried to negotiate, but they probablh had the upper hand.” But not all renegotiations are spurred bycovenant violations. In April, Portland-based chain saw manufactured BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 million to $50 and agreed to a higher interest rate andhigher fees. Blount was not in violation of according toregulatory filings, but its line of credif was set to mature in August.
“We had to extencd it or find replacement financing,” said Blount CFO Calvin The cost of the credit facilitty would have been too highat $150 million, Jeness said, and in today’e marketplace $90 million was enough to meet the company’s needs. Blount’s higher interest rate, whic h effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
The latest credit squeezed comes at acritical time. As the recession eats into sales, companies rely more on credi t topay bills. Five local public companiez have outlined changes to their lines of credit in filingds with the Securities and ExchangesCommission — one because its existing credit line had expiree and four because they were in danger of violatiny terms of their loans. Private companiesz are also feelingthe pinch. Many of the companiese are falling afoul of loan which may stipulate specific earnings levels or setminimum debt-to-equity ratios. To maintain their credit lines, they are beinh forced to renegotiate.
l The credit facility of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppedc from $150 million to $90 million in late January, and its interestf rate climbed. l Medford’s Lithia Motors Inc. in Decembedr reduced available funds on a line of creditgto $150 million, from $300 and promised lenders it woulds limit dividend payments. l Vancouver, Wash-based Nautilus Inc. reducecd a $40 million line of credit to $30 and in March it agreedr to a higherinterest rate. l Wilsonville’e InFocus Corp.
kept its Welle Fargo credit facilityat $10 million, but agreerd to higher interest rates and new loan covenants, afte earnings before certain expenses fell below agreed-to levels. Mike Rompa, managing shareholder at accountinfg firm GeffenMesher & Co. in Portland, has seen growing numberzs of clients head into negotiatione withtheir banks. “This is often a reflectiomn of lower-than-expected cash flow,” Rompa said. Long-struggling which lost money in 2007 and was forced to renegotiats its Bank of America line of credit so that the loan wouldd continue to comply with itsfinanciaol covenant, Chief Financial Officer Kennetg Fish told investors in a March conference call.
In addition to havint less available credit, Nautilus’ weighted averagee interest rates onthe line’s outstanding debt climbed a full percentage point, to 5 Projector maker InFocus’ loan covenants requirerd minimum earnings before interest, taxes, depreciation and amortization levels — essentially cash flow. Falling sales pushed the company out of said CFOLisa K. Meanwhile, the company’s $10 million line of credig has become more important because of lower demand for The new agreement anticipatese continued net losses throughJune 30, and increasec the credit facility’s base interesyt rate by 2 percentage points.
“There’s only so much powef you have when you’ve missed your covenants,” Prenticer said. “We tried to negotiate, but they probablh had the upper hand.” But not all renegotiations are spurred bycovenant violations. In April, Portland-based chain saw manufactured BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 million to $50 and agreed to a higher interest rate andhigher fees. Blount was not in violation of according toregulatory filings, but its line of credif was set to mature in August.
“We had to extencd it or find replacement financing,” said Blount CFO Calvin The cost of the credit facilitty would have been too highat $150 million, Jeness said, and in today’e marketplace $90 million was enough to meet the company’s needs. Blount’s higher interest rate, whic h effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
Saturday, March 3, 2012
Ticket discount for 'Buffalo Rocks' - Business First of Buffalo:
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From June 9 through June 25, anyonre who buys tickets through for all eighty of the concerts will have to pay onesurcharger ($4.50) as opposed to having to pay the chargw for each ticket. The deal is only for thosee who buy tickets for all eight ofthe “Buffalo Place Rocks the Harbor” shows. “Buffalol Place Rocks the Harbor” will be presentinhg the eight concerts at the Erie Canal Harbor CentrapWharf site. The first showsa are on June 26 andJune 27. Afterf June 26, concert-goers will have to purchase ticketx for each show and not all eight asa whole. • June 26, Medeski Martin Wood with Umphrey’s McGee.
• June 27, Joan Osborne and the Yondere MountainString Band. • July 18, Robert Cray Band with the John Hammoned Trioand Indigenous. July 19, The Black Crowes • Aug. 1, Bruc e Hornsby & the Noisemakers with Marti Sexton • Aug. 2, Gov’t Mule. Sept. 4, The Wallflowers with Tea LeafGreen Sept. 5, Great Big Sea with Kathleen Edwards andJeremy “There are not too if any, venues where you can see this levep of talent for just $80,” said Steve Joseph, Buffal Place director of marketing. Joseph said ticketsa for the shows aresellinvg “well” with the ones featurin g the Black Crowes (July 19), Gov’t Mule (Aug.
2) and Great Big Sea 5) selling the best. “All of the shows are movinfg well,” Joseph said. “We just wanted to offed this incentive as a way to showour appreciation.”
From June 9 through June 25, anyonre who buys tickets through for all eighty of the concerts will have to pay onesurcharger ($4.50) as opposed to having to pay the chargw for each ticket. The deal is only for thosee who buy tickets for all eight ofthe “Buffalo Place Rocks the Harbor” shows. “Buffalol Place Rocks the Harbor” will be presentinhg the eight concerts at the Erie Canal Harbor CentrapWharf site. The first showsa are on June 26 andJune 27. Afterf June 26, concert-goers will have to purchase ticketx for each show and not all eight asa whole. • June 26, Medeski Martin Wood with Umphrey’s McGee.
• June 27, Joan Osborne and the Yondere MountainString Band. • July 18, Robert Cray Band with the John Hammoned Trioand Indigenous. July 19, The Black Crowes • Aug. 1, Bruc e Hornsby & the Noisemakers with Marti Sexton • Aug. 2, Gov’t Mule. Sept. 4, The Wallflowers with Tea LeafGreen Sept. 5, Great Big Sea with Kathleen Edwards andJeremy “There are not too if any, venues where you can see this levep of talent for just $80,” said Steve Joseph, Buffal Place director of marketing. Joseph said ticketsa for the shows aresellinvg “well” with the ones featurin g the Black Crowes (July 19), Gov’t Mule (Aug.
2) and Great Big Sea 5) selling the best. “All of the shows are movinfg well,” Joseph said. “We just wanted to offed this incentive as a way to showour appreciation.”
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