Wednesday, April 27, 2011
A sporting chance - Phoenix Business Journal:
"If you want to turn a large fortun e into asmall one, just go buy a franchise," Ogdej jokes. Now in its second season, the Thunder operates on a budgetof $1 milliomn annually. The team makee money by filling seats and getting corporate sponsors, but when it fallds short, Ogden, who is president and chiecf executive of SunCor Development Co., fishes hundreds of thousands of dollar s from his own pocket. The Thunder typifiees Valley sports franchises other than the BigFour -- Diamondbacks, Coyotes and Cardinals -- by trying to carves out a fan base and nichwe market with one producr they say the big guys can'ft touch -- the human element. It'as a tough business.
The smaller sports teams are yountg and still struggling to establisgh themselves in a market that some argue is saidBryan Colangelo, vice president of Phoenix Arena Sports. Even the four majof teams, though having winning seasons, are findinvg attendance lagging, Colangelo said. In addition to the the Valleyis supporting: The Phoenix Mustangs, a minor league ice hockeyy team. • The , the Women's National Basketball League team. • The Arizonza Rattlers, an arena football HOW WILL ITSHAKrE DOWN?
Smaller sports franchises have come and gone -- the Sandsharksa proceeded the Thunder in soccer and the Roadrunnera played here before the Mustangs in ice The Sandsharks, owned by a local investmentr group headed by Valley businessmen Briabn Weymouth and Kerri Dunne, folded in 1997 because of financial Roadrunners management, which vowed to keep the Internationap Hockey League franchise in the Valleyg -- even after the Coyotes skated in from Winnipeg -- packer up the team and moved to San Calif. Current owners and operators, say their teams could be the ones tomake it. But, it'sa a tough call, they add.
"Only time will tell," said Seth vice president of operationsw for the Rattlers andthe Mercury, whichb play in America West Arenqa and are owned by the organization. Both the Mustangs and the playing inArizona Veteran's Memoriall Coliseum, have given themselves five years to turn a profiy or at least break What could boost both teams are new The Thunder is expected to move into the Coyotes' new facilityu in Scottsdale in 2002 and the Mustangs are considering buildingb a venue of their own, although specifiv plans or a locatioh are not firm. The owned by Jerry Jenkins and Allan have an operating budget ofabout $2 million per year.
In its third the team is also operating inthe red, said Troy vice president. The Rattlers and the Mercuryh are in adifferent situation, benefiting from the deep pockets of the Suns. Operating items such as mediqa relations, advertising, ticketing, signage and sponsorshilp packages come easier butthat doesn't mean the teams are doinyg any better financially. "I don't know if things are viewe inthose terms, profit or no Sulka said. "There's a lot of otherr reasons to operatethese franchises." For example, they make use of Americas West Arena during the NBA's off-season.
One of the goal s for the WNBA was to keep basketball in front of fans all And perhapsmost importantly, even if they are losing the teams' franchise values are according to Colangelo.
Monday, April 25, 2011
KV Pharmaceutical, Purdue Pharma settle painkiller patent dispute - Business First of Buffalo:
Under the settlement, KV agreedd to no longer dispute the enforceabilityor infringement” of the Purdue generic oxycodone patents. In return, Purdue granted KV a limited, non-exclusive licensre to manufactureand sell, in the Unitedx States, a certain amount of various dosage strengths of the drugws as long as KV pays royalties to KV also reached a deal to be an authorized, non-exclusivs distributor in the United States of certain generic versionsa of OxyContin. These agreements settlee three patent infringementlawsuitsx Stamford, Conn.-based Purdue filed againstr KV in 2007. KV still faces more lawsuits fromother companies, consumer s and shareholders. Three individuals in St.
Claier County Circuit Court against KV, alleging that certaim drugs contained a potentially lethap amount of morphine due to oversized tablets that were eventually recalled by the pharmaceutical Last month, , a Florida-baseed dermatology company, sued KV, of a patenrt for Duac topical gel, an acne KV also faces lawsuits from shareholders about manufacturingg compliance and the company’s financial prospects. Brentwood, Mo.-basex KV has and recalled painkillers. In KV said it with the FDA that outlines a seriee of measures that will permit KV and its subsidiariews to resume manufacturingand distribution.
Saturday, April 23, 2011
Jackson Leaves a Legacy of Big Talk and Bigger Horses - New York Times
Jackson Leaves a Legacy of Big Talk and Bigger Horses New York Times He ran them in the biggest races on the brightest stages. He didn't worry if they got beat. A version of this article appeared in print on April 24, 2011, on page SP4 of the National edition with the headline: Jackson Leaves a Legacy Of Big Talk and ... |
Wednesday, April 20, 2011
Oxfam warns EU against humanitarian military mission to Libya - Monsters and Critics.com
The Guardian | Oxfam warns EU against humanitarian military mission to Libya Monsters and Critics.com Brussels - British aid group Oxfam on Wednesday warned the European Union against launching a military mission to assist humanitarian aid efforts in Libya. The EU has begun planning such a mission - EUFOR Libya - but said it would not deploy it unless ... UN not seeking EU troops for Libya |
Monday, April 18, 2011
Ruthe Goldstein's Passover Brisket - Detroit Free Press
Ruthe Goldstein's Passover Brisket Detroit Free Press From Ruthe Goldstein of West Bloomfield. Tested by Susan Selasky in the Free Press Test Kitchen. 617 calories (41% from fat), 27 grams fat (12 grams sat. fat), 30 grams carbohydrates, 56 grams protein, 677 mg sodium, 172 mg cholesterol, 6 grams fiber. |
Saturday, April 16, 2011
General Motors files for Chapter 11 bankruptcy, Baltimore plant to stay open - Business Courier of Cincinnati:
Monday’s filing by the 101-year-old automaker once the world’s biggest company — is among the largest in U.S. historty and largest-ever U.S. manufacturing bankruptcy. Chapter 11, whicjh allows the company to operate while protectex fromits creditors, pushes GM into a fast-tracko bankruptcy and provides $30 billionb of additional taxpayer funds to restructure The company in its filing listedc $172.81 billion in debt and $82.20 billion in assets. The GM plan as detailed by U.S.
officialws would allow a much smalleer GM to emerge from court protection within 60 to 90 Al Koch, a managing director at the advisory company AlixPartnersLLP in New York, is named in the filing as the company’s chief restructuring officer, reporting to GM CEO Fritz Henderson. GM (NYSE: GM) also plans to clos 11 U.S. facilities and idle anothedr three plants by the endof 2010. The company'w Baltimore transmission plant employs more than 200 peoples was not listed amongthe GM's Wilmington, Del., assembly however, will close in July. That plangt employs 1,060 workers. The automaker has not provided an updateed target for job cuts but was looking to eliminate 21,000 U.S.
factory jobs from the 54,0090 union members it now General Motorsemploys 92,000 in the United Statezs and is indirectly responsible for 500,000 The U.S. government woulf hold a 60 percent financial interest in a reorganized GM and the UAW woulds takea 17.5 percent stake. said Monday on GM's bankruptcy. The governmentxs of Canada and the province of Ontario have agreed to a 12 perceny ownership stake in exchange forfinanciakl aid. GM bondholders woulf get 10 percent. Holders of GM which hit its lowest price on recorcd Friday at74 cents, are expectedc to own none of the Trading was halted on Monday's news. Listed among GM'es top creditors are (NYSE: T) and (NYSE: CSX).
The list of facilities that GM said will be closed and theird dates include two the Wilmington assemblyt plant and onein Mich. (October 2009); three stamping plantsd — including the previously announced closinfg in June ofGrand Rapids, Indianapolis, Ind. (December 2011), and Ohio (June 2010). six Powertrain plants includinhg Massena, N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willowq Run, Mich. (both December 2010), Parma, Ohio (Decembetr 2010), and Fredericksburg, Va., (Decembere 2010). Three locations will be idledf — assembly plants at Orion, (September 2009) and Spring Hill, (November 2009), and a stampinbg plant at Pontiac, (December 2010).
In addition, service and parts operations and warehousinvg and parts distribution centersin Jacksonville, Fla.., and Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptcuy filingpetition .
Thursday, April 14, 2011
White Pages will no longer be delivered automatically - Houston Business Journal:
The PSC’s decision is a compromise to AT&T’s request that it no longer delivere the phone booksto customers. AT&T Florida told the PSC that eliminatingt the automatic distribution of the residentiaol white pagesis “an environmentallh green endeavor and a cost savingv measure” and that providing a paper copy of the directoryg is “an inefficient use of resources in thesre touch economic times.” But commissioners also were worriexd about how it mighgt impact customers’ ability to acceses information, said PSC Spokeswoman Kirstehn Olsen.
Instead of doing away with the rule commissioners agreed to give it a trial run, during which time it will gathefr customer feedback. “Today’s decision allows the PSC to assess the practicalitg of discontinuing printed residential directory while continuing to provide directories to customers who wanta copy,” PSC Chairmann Matthew M. Carter II said in a news As part ofthe agreement, AT&gT must put a toll-free number on the cover of the Yellowq Pages that directs people to call if they want a Whitd Pages. The directory will still be provided for free to thoswe whorequest it.
AT&f Florida would not disclose just how much money the waiver will save, citing confidentiality, according to its requestr to the PSC. AT&Tr Florida already has begun a program to provide its Yellow Pages and residential listingson CD-ROM in certain arease of Florida.