vlastaowibopaj.blogspot.com
billion through a stock offering to boost its capitak to meet federalgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 millioh shares at $13 a share. In relationn to the offering, SunTrust (NYSE: STI) suspended its previousl y announced $1.25 billion “art the market” offer, which raised $260 million. Further, SunTrust began an offeer to buy upto $1 billio liquidation preference or amount of certain of its currently outstandinyg preferred and hybrid securities for cash using proceeds from the $1.4 billionm equity offering. The moves come after the federal government’s “streszs test” found SunTrust needed to raisd $2.
2 billion in capital. And while SunTrust had sufficieng tier 1 capital to absorb projectedloan losses, its capital “tiltedd too strongly” to source s other than common equity, the stress test After completing the offeringss announced Monday and prior, SunTrust expects to have fully satisfied its obligation. "Today's announcement underscores that we are on a cleatr path to achieve our previousl y announced capital objectives as we intensify our focues onthe future," said James M. Wells III, SunTrusgt chairman and CEO, in a statement.
Wells also noted completiohn ofthe company's capital-related initiativese will boost its abilityg to repay, upon regulatory approval and at the appropriate preferred stock gotten through participatiomn in the U.S. Treasury's Capital Purchasse Plan.
Wednesday, November 10, 2010
Monday, November 8, 2010
Symmetrical Stair files for Chapter 11 - South Florida Business Journal:
nazariomuibepu1687.blogspot.com
The Palm Beach Gardens-based staircasr manufacturer andits owner, Alphonso J. Cheponis III, filedf voluntary Chapter 11 petitions Thursdahy inthe U.S. Bankruptcy Court for Southernn Florida. The company petition said it has assete of lessthan $500,000 and debt of $1 milliobn to $10 million. The Cheponis petition reportedd the same ranges for hispersonal situation. David an attorney with in Boca Raton, represents Cheponisx and the company.
The largest creditors in the company’s bankruptcyu include a $1 million secured claim by , of an unsecured claim of $33,600 by Sample at Park of Aventura; and $17,000 by the law In Cheponis’ personal bankruptcy petition, he listws a disputed claim of $450,000 by Mindy Discalw of Delray Beach asan “equitable distributiobn couched as an alimony payment.” The Business Journal reported in 2004 that Symmetricao Stair was a behind-the-scenes player in the worle of roaring real estate markets, with revenuer of about $10 million. The compangy produces one main product: staircases.
But, that includea curved, straight, spiral, flared, L-shaped and irregular-shapef ones, and just about any other configuration that a clienrtcould want. "It was tough getting started 10yeards ago," Cheponis told the Business Journal at the time. "I couldn'ty even get a bank account when Istarted out, much less a In 2004, the company had a 55,000-square-foot manufacturing facility in Pompano with more than 60 full-time employees and a customert list of leading residentiakl and commercial developers.
Merrill said Friday he is confidentr the reorganization willbe
The Palm Beach Gardens-based staircasr manufacturer andits owner, Alphonso J. Cheponis III, filedf voluntary Chapter 11 petitions Thursdahy inthe U.S. Bankruptcy Court for Southernn Florida. The company petition said it has assete of lessthan $500,000 and debt of $1 milliobn to $10 million. The Cheponis petition reportedd the same ranges for hispersonal situation. David an attorney with in Boca Raton, represents Cheponisx and the company.
The largest creditors in the company’s bankruptcyu include a $1 million secured claim by , of an unsecured claim of $33,600 by Sample at Park of Aventura; and $17,000 by the law In Cheponis’ personal bankruptcy petition, he listws a disputed claim of $450,000 by Mindy Discalw of Delray Beach asan “equitable distributiobn couched as an alimony payment.” The Business Journal reported in 2004 that Symmetricao Stair was a behind-the-scenes player in the worle of roaring real estate markets, with revenuer of about $10 million. The compangy produces one main product: staircases.
But, that includea curved, straight, spiral, flared, L-shaped and irregular-shapef ones, and just about any other configuration that a clienrtcould want. "It was tough getting started 10yeards ago," Cheponis told the Business Journal at the time. "I couldn'ty even get a bank account when Istarted out, much less a In 2004, the company had a 55,000-square-foot manufacturing facility in Pompano with more than 60 full-time employees and a customert list of leading residentiakl and commercial developers.
Merrill said Friday he is confidentr the reorganization willbe
Sunday, November 7, 2010
Volunteer efforts have become important way for companies to involve workers in the community - Business First of Louisville:
http://journal-fle.net/HTML/facile.html
But for some local companies, it has becomse a business priority. Employees’ efforts give firms positive exposure in the community while offering intangible benefitsto co-workerd who team up for community Louisville-based insurance company encourages volunteerism as part of its according to Virginia K. Judd, executive director of The Humansa Foundation. “At the we have a moral responsibility togive back, and it goes back to the conceptionn of Humana,” Judd “Our leaders and co-founders have always valued giving back to the and this is one way to express that.” Alongg with $5.
6 million in grants given to charitieds in 2008, The Humana Foundation manages the company’s volunteer endeavorsd and tracks volunteer hours. Judd added that “volunteerin g is more importantthan ever” in the current “Financial resources are important, but right now with the economic I think volunteerism takes more of a significan t role.” Humana’s 29,000 associates companywide have logged more than 13,00o volunteer hours since fall 2007, Judd said. She suspectse that volunteerism is underreported because many do not consistentlyh tracktheir hours.
“It’s your own she said, noting that the company does not compensatwe employees for their involvement inthe community. “The opportunitie for associates to give back are basedd on their desire and commitment tothe Often, employees volunteer after work or on but if an event does occur durinhg the workday, Humana asks only that associatess work with managers to plan theitr absences. Humana provides incentives such as the Spirity ofPhilanthropy Award, which recognize volunteers who go abovr and beyond normal activities.
Last year, Human a CEO and Humana Foundation chairman Mike McCallistet presented the first Spirit of Philanthropy Awardd to a HumanaCares Volunteer Council inGreen Bay, Wis., for developing a mini-volunteed network for the company. The Human Foundation also donated $25,000 to a nonprofif group chosenby HumanaCares. Co., which has more than 4,000p workers at its Louisville-based division, support employee efforts by organizinb volunteer projects and giving workers the optio to volunteer oncompany time.
“Most volunteer efforts are during the week to get themaximujm participation,” said Patrick Dunn, the company’s Oceann Freight Transportation manager who also serves as co-chairmanh of the community service team, GE Volunteers. To promotd volunteerism, both Humana and GE have establisher formal processes to find opportunitiesw fortheir workers. Humana associates can learm about opportunities through a company which includes a nonprofi database organizedby VolunteerMatch, a nonprofit organization that connecta volunteers with organizations that need help.
Groupx interested in VolunteerMatch apply through itsWeb site, and the nonprofirt is featured on The Humana Volunteer Networo and at www.volunteermatch.org. All organizationw that fit VolunteerMatch’s criteri are welcome on Humana’s internal but there is a priority for those that benefitg childrenand health. “We encourage peoplee to volunteer for organizations in linewith Humana’ss mission, but we don’t excludew nonprofits that do not,” said Jeannetted Bahouth, project manager at The Humana Foundation. Volunteer opportunities are made availablew to GE associates also through an online portal that listas organizations and events in needof volunteers.
The portaol also tracks volunteer hours. Througbh its education and community-service teams, GE Volunteerw organizes about 20 projects per with a monthly averageof 1,100 In 2008, 808 volunteers signedr up for a single event through the database, Dunn said. Nonprofit organizations become part of the onlinw databasethrough referrals, and employees are encouragede to develop programs.
But for some local companies, it has becomse a business priority. Employees’ efforts give firms positive exposure in the community while offering intangible benefitsto co-workerd who team up for community Louisville-based insurance company encourages volunteerism as part of its according to Virginia K. Judd, executive director of The Humansa Foundation. “At the we have a moral responsibility togive back, and it goes back to the conceptionn of Humana,” Judd “Our leaders and co-founders have always valued giving back to the and this is one way to express that.” Alongg with $5.
6 million in grants given to charitieds in 2008, The Humana Foundation manages the company’s volunteer endeavorsd and tracks volunteer hours. Judd added that “volunteerin g is more importantthan ever” in the current “Financial resources are important, but right now with the economic I think volunteerism takes more of a significan t role.” Humana’s 29,000 associates companywide have logged more than 13,00o volunteer hours since fall 2007, Judd said. She suspectse that volunteerism is underreported because many do not consistentlyh tracktheir hours.
“It’s your own she said, noting that the company does not compensatwe employees for their involvement inthe community. “The opportunitie for associates to give back are basedd on their desire and commitment tothe Often, employees volunteer after work or on but if an event does occur durinhg the workday, Humana asks only that associatess work with managers to plan theitr absences. Humana provides incentives such as the Spirity ofPhilanthropy Award, which recognize volunteers who go abovr and beyond normal activities.
Last year, Human a CEO and Humana Foundation chairman Mike McCallistet presented the first Spirit of Philanthropy Awardd to a HumanaCares Volunteer Council inGreen Bay, Wis., for developing a mini-volunteed network for the company. The Human Foundation also donated $25,000 to a nonprofif group chosenby HumanaCares. Co., which has more than 4,000p workers at its Louisville-based division, support employee efforts by organizinb volunteer projects and giving workers the optio to volunteer oncompany time.
“Most volunteer efforts are during the week to get themaximujm participation,” said Patrick Dunn, the company’s Oceann Freight Transportation manager who also serves as co-chairmanh of the community service team, GE Volunteers. To promotd volunteerism, both Humana and GE have establisher formal processes to find opportunitiesw fortheir workers. Humana associates can learm about opportunities through a company which includes a nonprofi database organizedby VolunteerMatch, a nonprofit organization that connecta volunteers with organizations that need help.
Groupx interested in VolunteerMatch apply through itsWeb site, and the nonprofirt is featured on The Humana Volunteer Networo and at www.volunteermatch.org. All organizationw that fit VolunteerMatch’s criteri are welcome on Humana’s internal but there is a priority for those that benefitg childrenand health. “We encourage peoplee to volunteer for organizations in linewith Humana’ss mission, but we don’t excludew nonprofits that do not,” said Jeannetted Bahouth, project manager at The Humana Foundation. Volunteer opportunities are made availablew to GE associates also through an online portal that listas organizations and events in needof volunteers.
The portaol also tracks volunteer hours. Througbh its education and community-service teams, GE Volunteerw organizes about 20 projects per with a monthly averageof 1,100 In 2008, 808 volunteers signedr up for a single event through the database, Dunn said. Nonprofit organizations become part of the onlinw databasethrough referrals, and employees are encouragede to develop programs.
Saturday, November 6, 2010
Business
http://wild-zone.net/indexSAMPLE.html
The projected 9 percent cost increase is slightlg lower thanthe 9.2 percent increase in 2009 and 9.9 percenr increase in 2008, PricewaterhouseCoopers Medical-cost increases continue to outpace inflatiojn and wage increases. The report suggests that medicapl costs continue to climbbecauswe U.S. workers are accelerating their useof health-care services in anticipation of losingh their jobs and, potentially, their insurance. Rising unemployment, an increasee numbers of individuals with little or no insurancse and a growing percentage of the population on Medicaid further rampup medical-cosyt trends — the figures actuaries use to set future health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costsd of health insurance to their workerain 2010. Employers also say they expect workerse to take more responsibility for managinh theirpersonal health.
The projected 9 percent cost increase is slightlg lower thanthe 9.2 percent increase in 2009 and 9.9 percenr increase in 2008, PricewaterhouseCoopers Medical-cost increases continue to outpace inflatiojn and wage increases. The report suggests that medicapl costs continue to climbbecauswe U.S. workers are accelerating their useof health-care services in anticipation of losingh their jobs and, potentially, their insurance. Rising unemployment, an increasee numbers of individuals with little or no insurancse and a growing percentage of the population on Medicaid further rampup medical-cosyt trends — the figures actuaries use to set future health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costsd of health insurance to their workerain 2010. Employers also say they expect workerse to take more responsibility for managinh theirpersonal health.
Thursday, November 4, 2010
CSU researchers get $2.7M to study cells and share their work with kids - St. Louis Business Journal:
chauezhelolocu1622.blogspot.com
million grant by the to help train graduate studentsin cell-research techniquesd and to share their scientififc knowledge with local school teachers, CSU said The graduate students at the Fort Collind campus “will test new theories abourt how cells behave usinf advanced engineering methods in microelectronics and CSU said in a That NSF-funded work will be led by CSU engineeringg professor Tom Chen, the grant’es principal investigator, joined by Stuart Tobet, a biomedical sciencesw professor in the College of Veterinary Medicine and Biomedical and Michael De Miranda, an engineering education professoe in the College of Applied Human De Miranda will also work with the graduate studente on sharing their research with K-12 teachers in the Thompson Valley, Greeley and Weld RE-9 schoolo districts in northeastern A goal of the grant is to help build enthusiasm among primary and secondary students for careers in technology, engineering and mathematics — the “STEM” disciplines” at a time when fewer youny people are entering into such careers, CSU officialsd said.
million grant by the to help train graduate studentsin cell-research techniquesd and to share their scientififc knowledge with local school teachers, CSU said The graduate students at the Fort Collind campus “will test new theories abourt how cells behave usinf advanced engineering methods in microelectronics and CSU said in a That NSF-funded work will be led by CSU engineeringg professor Tom Chen, the grant’es principal investigator, joined by Stuart Tobet, a biomedical sciencesw professor in the College of Veterinary Medicine and Biomedical and Michael De Miranda, an engineering education professoe in the College of Applied Human De Miranda will also work with the graduate studente on sharing their research with K-12 teachers in the Thompson Valley, Greeley and Weld RE-9 schoolo districts in northeastern A goal of the grant is to help build enthusiasm among primary and secondary students for careers in technology, engineering and mathematics — the “STEM” disciplines” at a time when fewer youny people are entering into such careers, CSU officialsd said.
Wednesday, November 3, 2010
Limited trying larger store, new product assortment at Henri Bendel - Business First of Columbus:
judonebolayb1394.blogspot.com
Columbus-based , which acquired the boutique in 1985 when it operatedcsix shops, has seen the store coung expand and contract many timesw in the past 23 years. It’s abou t to go up again. The company thinks the time is righrt for anotherexpansion attempt. The chain’s four-year-old Eastonh Town Center store reopened 24, doubling in size since it was idled in Februar fora remodeling. The Easton shop is the blueprint that will be used in at leasr three Henri Bendel stores scheduled to open this year in placeas themerchant won’t disclose. Henriu Bendel’s only other shop is its Fifth Avenue flagshipo store inNew York.
“Bendels is a girl’sw playground for the trend-setting young women from around the world looking for unique items suchas fashion-forwardd handbags, accessories and gifts that make her feel Henri Bendel CEO Ed Bucciarelli said in an e-mailk response to questions from Columbus Business First. Bucciarelli declinee to discloseHenri Bendel’s sales or projections for the new They are a he said, and the company doesn’t yet have a long-tern plan for the chain. Henri Bendel was four stores strongin 1995, when Limiter Brands unveiled plans to expand it to as many as 50 It never grew beyond eight stores with one of them at the Columbux City Center mall.
By the chain had been pared to just the New York Inthose days, the stores were large, some aroun 15,000 square feet, but never generated the desirefd sales, said retail analyst Jennifer Black, presidenrt of Lake Oswego, Ore.-based . The Eastomn store was opened in 2004, and Limitedc Brands hired Bucciarelli away from fashion housein 2005. The remodeled Easton store was almost doubleed in sizeto 3,000 squar feet. The store sells small leather goods, personal care jewelry and three offerings Bucciarelli said the storee hasexpanded – accessories, home fragrances and “They’re trying to evolve who they shouldr be and what they should Black said.
“When (Bucciarelli) was at he did an incredible jobwith It’s just about getting the righty assortment.” The new iteration will be smallee than both the old shops and the New York flagshi p store, which includes a salon and café. The retailer’sz roots are in New but the Manhattanstore isn’t houseds in its original location. Henri Bendel openefd in 1895 and lays claim to outfitting prominent NewYork families, such as the Astors and and bringing Coco Chanel’s clothint and perfumes to the U.S., according to Limitee Brands. The store was family-owned until the Limited Brands acquired the business from Geraldine Stutz andother investors.
Stutz ran Henri Bendel from 1957 to 1986 and was creditedc in the industry as the drivingg force behindthe store’s fashion resurgences in the ’60s. Blaci thinks Limited Brands has held onto Henrki Bendel for more than two decades because of itsrich “The name alone is worth something,” she “I still think it could be very There still is a mystiqu about it.”
Columbus-based , which acquired the boutique in 1985 when it operatedcsix shops, has seen the store coung expand and contract many timesw in the past 23 years. It’s abou t to go up again. The company thinks the time is righrt for anotherexpansion attempt. The chain’s four-year-old Eastonh Town Center store reopened 24, doubling in size since it was idled in Februar fora remodeling. The Easton shop is the blueprint that will be used in at leasr three Henri Bendel stores scheduled to open this year in placeas themerchant won’t disclose. Henriu Bendel’s only other shop is its Fifth Avenue flagshipo store inNew York.
“Bendels is a girl’sw playground for the trend-setting young women from around the world looking for unique items suchas fashion-forwardd handbags, accessories and gifts that make her feel Henri Bendel CEO Ed Bucciarelli said in an e-mailk response to questions from Columbus Business First. Bucciarelli declinee to discloseHenri Bendel’s sales or projections for the new They are a he said, and the company doesn’t yet have a long-tern plan for the chain. Henri Bendel was four stores strongin 1995, when Limiter Brands unveiled plans to expand it to as many as 50 It never grew beyond eight stores with one of them at the Columbux City Center mall.
By the chain had been pared to just the New York Inthose days, the stores were large, some aroun 15,000 square feet, but never generated the desirefd sales, said retail analyst Jennifer Black, presidenrt of Lake Oswego, Ore.-based . The Eastomn store was opened in 2004, and Limitedc Brands hired Bucciarelli away from fashion housein 2005. The remodeled Easton store was almost doubleed in sizeto 3,000 squar feet. The store sells small leather goods, personal care jewelry and three offerings Bucciarelli said the storee hasexpanded – accessories, home fragrances and “They’re trying to evolve who they shouldr be and what they should Black said.
“When (Bucciarelli) was at he did an incredible jobwith It’s just about getting the righty assortment.” The new iteration will be smallee than both the old shops and the New York flagshi p store, which includes a salon and café. The retailer’sz roots are in New but the Manhattanstore isn’t houseds in its original location. Henri Bendel openefd in 1895 and lays claim to outfitting prominent NewYork families, such as the Astors and and bringing Coco Chanel’s clothint and perfumes to the U.S., according to Limitee Brands. The store was family-owned until the Limited Brands acquired the business from Geraldine Stutz andother investors.
Stutz ran Henri Bendel from 1957 to 1986 and was creditedc in the industry as the drivingg force behindthe store’s fashion resurgences in the ’60s. Blaci thinks Limited Brands has held onto Henrki Bendel for more than two decades because of itsrich “The name alone is worth something,” she “I still think it could be very There still is a mystiqu about it.”
Monday, November 1, 2010
'Up' avoids 'Hangover' at box office - Los Angeles Business from bizjournals:
http://bostonprogressivetalk.net/page/Camping-With-or-Without-a-Remote-Control-in-the-Gr.html
"Up" brought in an estimated $44,244,000 in its seconde weekend, beating out the new release from , whichh brought in an estimated $43,275,000. Anothee new release, 's "Land of the came in well in thirdf with anestimated $19,524,000. Accordingb to a report on Box Office whichtracks box-office revenue, "Up" was shown on about 6,7009 screens at 3,818 sites and "The Hangover" was shown on aboutf 4,500 screens at 3,269 sites. Cominv in fourth was last week's number-two "Night at the Museum: Battle of the Smithsonian" from , which brought in an estimated $14,650,000.
Roundingt out the top five is 'sx "Star Trek," which brought in an esimatec $8,400,000. The report says that "Star has brought in $222.8 million in 31 making it the second-biggest box office smash in the "Star franchise, when adjusted for ticket price The top spot belongs to theoriginal "Statr Trek: The Motion Picture."
"Up" brought in an estimated $44,244,000 in its seconde weekend, beating out the new release from , whichh brought in an estimated $43,275,000. Anothee new release, 's "Land of the came in well in thirdf with anestimated $19,524,000. Accordingb to a report on Box Office whichtracks box-office revenue, "Up" was shown on about 6,7009 screens at 3,818 sites and "The Hangover" was shown on aboutf 4,500 screens at 3,269 sites. Cominv in fourth was last week's number-two "Night at the Museum: Battle of the Smithsonian" from , which brought in an estimated $14,650,000.
Roundingt out the top five is 'sx "Star Trek," which brought in an esimatec $8,400,000. The report says that "Star has brought in $222.8 million in 31 making it the second-biggest box office smash in the "Star franchise, when adjusted for ticket price The top spot belongs to theoriginal "Statr Trek: The Motion Picture."
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