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-- Cape Canaveral is a short drivre up theAtlantic coast, making Palm Bay-Melbourne an obvious locationm for firms specializing in aerospace and relatedr fields. 9. Wichita, Kan. -- It may not enjoy the same level of publicity as the but Wichita is acertified high-tech center, thanks to its concentrationh of aeronautics companies. 10. Raleigh -- Raleigh is the key vertedx ofNorth Carolina’s Research with Durham and Chapel Hill at the other corners. Only San Jose, Washington and Austin have largeer ratiosof high-tech to private-sector businesses.
Last in the overallp rankings is Stockton, an inland California metrko that is less than two hours by car from San Stockton hasjust 1,540 high-tech which translates to 8.6 per 1,000 private-sector Both statistics are the weakest amongt the nation’s 100 major markets. Only 3.3 percenr of Stockton’s adults hold advanced degrees, which is less than half the studyu group’s average of 8.4 Also in the bottom five in bizjournals’ high-tecg rankings are McAllen-Edinburg, Texas; Modesto, Youngstown, Ohio; and Lakeland, Fla.
Thursday, April 12, 2012
Wednesday, April 11, 2012
LandMar files for bankruptcy - Pittsburgh Business Times:
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The Jacksonville-based residential development company was amongf 125 affiliates that filed along with itsparentt company, Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganizw its finances, reduce its debt levell and improve its capital structure.
Crescent intends to operate its continuintg businesses without any significant interruption during the restructuring proces s because of a recentlyobtained debtor-in-possession financing facilitty of $110 million from a group of its existing according to the statement. Andrewe Hede, Crescent’s chief restructuring has been named CEO while its formerchief executive, Arthur Fields, has retirerd and will work with Crescent in an advisory “We have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will bring our capitap structure in line with the current economic Hede said in a statement on the company’d Web site.
Charlotte-based Crescent has been pursuing alternatives to shore up its balancwe sheetfor months, including selling some of its The company is jointly owned by (NYSE: DUK) and Morga n Stanley and has 38 residentiall communities under development in the Carolinas, Texas, Arizona and Florida. Crescent acquired a controllintg interest in LandMarin 1999, but left LandMar’zs founder, Ed Burr, in control of the company until he resigned after a failed attempt to buy back the companyu in 2007.
The Jacksonville Economixc Development Commission authorized city lawyers in May to start the foreclosurse process onthe 41-acre parcel that was to be the Plans for the Shipyards includedr 1 million square feet of office space, 100,000 square feet of commercial 662 residential units, 350 hotel roomzs and 150 marina slips. LandMar has developexd or had plans to developo dozens more properties in Florida and throughoutthe
The Jacksonville-based residential development company was amongf 125 affiliates that filed along with itsparentt company, Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganizw its finances, reduce its debt levell and improve its capital structure.
Crescent intends to operate its continuintg businesses without any significant interruption during the restructuring proces s because of a recentlyobtained debtor-in-possession financing facilitty of $110 million from a group of its existing according to the statement. Andrewe Hede, Crescent’s chief restructuring has been named CEO while its formerchief executive, Arthur Fields, has retirerd and will work with Crescent in an advisory “We have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will bring our capitap structure in line with the current economic Hede said in a statement on the company’d Web site.
Charlotte-based Crescent has been pursuing alternatives to shore up its balancwe sheetfor months, including selling some of its The company is jointly owned by (NYSE: DUK) and Morga n Stanley and has 38 residentiall communities under development in the Carolinas, Texas, Arizona and Florida. Crescent acquired a controllintg interest in LandMarin 1999, but left LandMar’zs founder, Ed Burr, in control of the company until he resigned after a failed attempt to buy back the companyu in 2007.
The Jacksonville Economixc Development Commission authorized city lawyers in May to start the foreclosurse process onthe 41-acre parcel that was to be the Plans for the Shipyards includedr 1 million square feet of office space, 100,000 square feet of commercial 662 residential units, 350 hotel roomzs and 150 marina slips. LandMar has developexd or had plans to developo dozens more properties in Florida and throughoutthe
Monday, April 9, 2012
Completed Jailbreak/Unlock Software Available For iPhone 4S/4 iOS 5.0.1 - The Star-Ledger - NJ.com
houston-nearly.blogspot.com
The Star-Ledger - NJ.com | Completed Jailbreak/Unlock Software Available For iPhone 4S/4 iOS 5.0.1 The Star-Ledger - NJ.com i4Siri Spite is not supported so the best option will be the proxy of The Three Little Pigs, which is free.Unlock iPhone 4s/4/3gs.Download from the Download from the Official Website Completed Jailbreak / Unlock Software Available For iP hone 4S / 4 iOS ... |
Saturday, April 7, 2012
Kona Grill says buyout offer is too low - San Antonio Business Journal:
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one of its largest stockholders. In a letter to the Greenwich, firm dated Tuesday, board member Mark Zesbaugh saidthe “impliec $3.67” per share offer “materially underprices, the intrinsic valuw and prospects of the company and its common The letter said the boarfd carefully considered the When Kona disclosed the offef May 18, it described the deal as “a cash merget transaction at $4.60 per marking a $30 million deal for the company’s 6.5 million Kona investor relations representative Raphael Gross said while the initialk offer was for $4.
60 a share, that amount was dilutefd following the close earlier this monthn of a rights offering that gave stockholders a subscriptiom right to purchase one share for everh 2.5 shares held. At the closwe of the offer, 2.13 million shares had been Interim CEO Mark Bartholoma saidthe $2.87 million in gross proceed s positions Kona to meet its capital expenditure commitments and workinh capital requirements through 2009 and puts it in a positio n of increased flexibility for future Kona shares (Nasdaq:KONA) closed at $3.70 Monday and have traded betweejn $1.10 and $8.49 over the past The stock closed at $2.
29 per shar May 15, the trading day before Mill Road made its bid, afterr which shares shot up to more than $4. The offer followed the resignation of Kona Chairman and CEO Marcu Jundt after shareholders ofthe Scottsdale-basedr chain expressed concern about the direction of the sush bar and restaurant business. He had been CEO sinc e July 2006. In Kona closed a $1.2 million private placement with funde earmarked to supplement cash flow and capital Kona reporteda first-quarter loss of $1.1 or 17 cents per share, comparesd to a loss of $700,000, or 13 for the same period in 2008. It has 22 locations nationwide including sites at Scottsdale Fashion Square and ChandlerFashionb Square.
Mill Road owns 648,171 shares, about 10 percent, of Kona according to the retail chain’s proxy statement filed with the U.S. Securitiess and Exchange Commission. That makes Mill Road the company’ second largest shareholder behind WilliamBlair & Co. at 13.5 percent.
one of its largest stockholders. In a letter to the Greenwich, firm dated Tuesday, board member Mark Zesbaugh saidthe “impliec $3.67” per share offer “materially underprices, the intrinsic valuw and prospects of the company and its common The letter said the boarfd carefully considered the When Kona disclosed the offef May 18, it described the deal as “a cash merget transaction at $4.60 per marking a $30 million deal for the company’s 6.5 million Kona investor relations representative Raphael Gross said while the initialk offer was for $4.
60 a share, that amount was dilutefd following the close earlier this monthn of a rights offering that gave stockholders a subscriptiom right to purchase one share for everh 2.5 shares held. At the closwe of the offer, 2.13 million shares had been Interim CEO Mark Bartholoma saidthe $2.87 million in gross proceed s positions Kona to meet its capital expenditure commitments and workinh capital requirements through 2009 and puts it in a positio n of increased flexibility for future Kona shares (Nasdaq:KONA) closed at $3.70 Monday and have traded betweejn $1.10 and $8.49 over the past The stock closed at $2.
29 per shar May 15, the trading day before Mill Road made its bid, afterr which shares shot up to more than $4. The offer followed the resignation of Kona Chairman and CEO Marcu Jundt after shareholders ofthe Scottsdale-basedr chain expressed concern about the direction of the sush bar and restaurant business. He had been CEO sinc e July 2006. In Kona closed a $1.2 million private placement with funde earmarked to supplement cash flow and capital Kona reporteda first-quarter loss of $1.1 or 17 cents per share, comparesd to a loss of $700,000, or 13 for the same period in 2008. It has 22 locations nationwide including sites at Scottsdale Fashion Square and ChandlerFashionb Square.
Mill Road owns 648,171 shares, about 10 percent, of Kona according to the retail chain’s proxy statement filed with the U.S. Securitiess and Exchange Commission. That makes Mill Road the company’ second largest shareholder behind WilliamBlair & Co. at 13.5 percent.
Thursday, April 5, 2012
Hurricane could devastate shaky real estate market - Washington Business Journal:
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But a far larger threat looms with the stary of hurricane seasonnext week. The nightmaree scenario is a major storm that sweeps acrosd a region pocked with foreclosed real leaving the neglected propertyin ruins, emptyt of responsible homeowners. Nobody knows how big the problemmighyt be, but with hundreds of thousands of emptyy properties in the state, it coulr be huge. Banks holding foreclosed real estatw and defaulted loans said they have plans in placer to move in with boards and tarpd to cover broken windowsw andshredded roofs. But real estats experts said nobody has ever gone through a storm with so much emptt property hanging inthe balance.
“Floridwa is living with a huge risk,” said Jack McCabe, presidentt of in Deerfield Beach. “There are 400,000 foreclosureds in the stateright now. We have condominiums that are half-builtt and others that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanws after Hurricane Katrina to imagine what might After Katrina struck New Orleans in huge swaths of the city were destroyed when levees broke and water inundatedthe city. Larg e areas are still only thinly rebuilt.
Florida’ s real estate market differs from New but its large number of empty dwellings and the rising tide of foreclosure s poses a unique According tothe , 21,900 of Orangew County’s 491,000 dwellings were empty for more than threre months in March. Statewide, 365,000p of 9.1 million homes were vacant. Estimating the valus of that property is nearly since it’s a mixture of foreclosecd homes, never-sold dwellings and simply unoccupied real estate. This bad dreakm is filled with nuance. Larger banks typically have departmente that manage foreclosed property and have contractsz withmaintenance companies.
Their main financial motive is keeping property in good repaird so it can be resold for a reasonable But real estate prices have fallen so low in many marketz that the cost of repairin a heavily damaged house might be greater than itsresals value. And if emergency repairsa aren’t undertaken right after a the subsequent damagefrom wind, rain and mold coulrd add substantially to the rehabilitation cost. Although bankz have plans for dealinv withnatural disasters, few are well-equipper to respond to a devastating storm. “The lendersd have cut way back on their McCabe said.
“Anybody who thinks they have the ability to meet with insuranc e companies and go out to houses to assess damages is deluding The problem is compounded by the sheere numberof lenders. Some mortgage brokers and banka that hold loans inFlorida don’t have officesx here — or have dire financial problems of theirf own. “Most banks don’t have people familiar with these sortsof problems,” said Petee Brennan, vice president of J. Rolfe an Orlando insurance agency. “Mosty bankers don’t know what to do when a roof gets blow offa house.
” However, Fiftgh Third Bank, Central Florida’s 12th-largest lender, has retainerd two property maintenance firms to inspect and repai its property. The bank has fewer than 300 foreclosed Floridq properties onits books. “Oncse an asset becomes ours andis vacant, we do anything we can to preserve the property. If we suspect damage, from a leaky pipe to a leakty roof, we fix it,” said Michele McCoy, Fifth Third’s vice presidentg for default servicing. Orange County Property Appraiser Bill Donegan said therre areabout 3,600 foreclosed properties worth about $522 millioj in Orange County, and of those, 1,200 have been resold.
“My assumption is the banks and managementt companies would swoop in after a hurricane and make Donegan said. Most banks also insure forecloses properties. “I don’t thinkj there’s a major issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’t say everybodt in the industry is ready fora hurricane.” Years of disrepaird ahead? Ken Direktor, a real estate attorneyu with the law firm, said anyone who thinks a hurricane in an urban part of Florida would play out like past hurricanes is mistaken.
“Banks are delaying foreclosures on properties becauseethey don’t want to be responsible for
But a far larger threat looms with the stary of hurricane seasonnext week. The nightmaree scenario is a major storm that sweeps acrosd a region pocked with foreclosed real leaving the neglected propertyin ruins, emptyt of responsible homeowners. Nobody knows how big the problemmighyt be, but with hundreds of thousands of emptyy properties in the state, it coulr be huge. Banks holding foreclosed real estatw and defaulted loans said they have plans in placer to move in with boards and tarpd to cover broken windowsw andshredded roofs. But real estats experts said nobody has ever gone through a storm with so much emptt property hanging inthe balance.
“Floridwa is living with a huge risk,” said Jack McCabe, presidentt of in Deerfield Beach. “There are 400,000 foreclosureds in the stateright now. We have condominiums that are half-builtt and others that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanws after Hurricane Katrina to imagine what might After Katrina struck New Orleans in huge swaths of the city were destroyed when levees broke and water inundatedthe city. Larg e areas are still only thinly rebuilt.
Florida’ s real estate market differs from New but its large number of empty dwellings and the rising tide of foreclosure s poses a unique According tothe , 21,900 of Orangew County’s 491,000 dwellings were empty for more than threre months in March. Statewide, 365,000p of 9.1 million homes were vacant. Estimating the valus of that property is nearly since it’s a mixture of foreclosecd homes, never-sold dwellings and simply unoccupied real estate. This bad dreakm is filled with nuance. Larger banks typically have departmente that manage foreclosed property and have contractsz withmaintenance companies.
Their main financial motive is keeping property in good repaird so it can be resold for a reasonable But real estate prices have fallen so low in many marketz that the cost of repairin a heavily damaged house might be greater than itsresals value. And if emergency repairsa aren’t undertaken right after a the subsequent damagefrom wind, rain and mold coulrd add substantially to the rehabilitation cost. Although bankz have plans for dealinv withnatural disasters, few are well-equipper to respond to a devastating storm. “The lendersd have cut way back on their McCabe said.
“Anybody who thinks they have the ability to meet with insuranc e companies and go out to houses to assess damages is deluding The problem is compounded by the sheere numberof lenders. Some mortgage brokers and banka that hold loans inFlorida don’t have officesx here — or have dire financial problems of theirf own. “Most banks don’t have people familiar with these sortsof problems,” said Petee Brennan, vice president of J. Rolfe an Orlando insurance agency. “Mosty bankers don’t know what to do when a roof gets blow offa house.
” However, Fiftgh Third Bank, Central Florida’s 12th-largest lender, has retainerd two property maintenance firms to inspect and repai its property. The bank has fewer than 300 foreclosed Floridq properties onits books. “Oncse an asset becomes ours andis vacant, we do anything we can to preserve the property. If we suspect damage, from a leaky pipe to a leakty roof, we fix it,” said Michele McCoy, Fifth Third’s vice presidentg for default servicing. Orange County Property Appraiser Bill Donegan said therre areabout 3,600 foreclosed properties worth about $522 millioj in Orange County, and of those, 1,200 have been resold.
“My assumption is the banks and managementt companies would swoop in after a hurricane and make Donegan said. Most banks also insure forecloses properties. “I don’t thinkj there’s a major issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’t say everybodt in the industry is ready fora hurricane.” Years of disrepaird ahead? Ken Direktor, a real estate attorneyu with the law firm, said anyone who thinks a hurricane in an urban part of Florida would play out like past hurricanes is mistaken.
“Banks are delaying foreclosures on properties becauseethey don’t want to be responsible for
Tuesday, April 3, 2012
Yolo moth quarantine extended - Dayton Business Journal:
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A voracious pest and native of Australia, a lightt brown apple moth was discovered in a trap in DavixsApril 1. A second moth turned up in a trapMay 15, promptingb a quarantine within a mile radiuse of those two traps. More discoveriesx have moved the quarantine to include the entire city of Produce and ornamental plants can stil go to stores and farmer markets inside thequarantine area, but agricultural products, ornamental plants and trees should not leav e the quarantine area unless certified to be free from the pest by an “This pest is a threat to the food supplyt and also to our environment.
This moth eats ornamenta plantsand trees,” said Steve Lyle, spokesmah with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown moth.” The moth in its varying stagesw of life eats 2,000 including 250 crop species. It can devastate stone fruig trees, grape vines, citrus trees and even There are monitor traps all over the state forthe moth, and more than 2,800 squarde miles of land statewide is now undee quarantine, Lyle said. Davis is the only area underd quarantine inthe four-county region.
A voracious pest and native of Australia, a lightt brown apple moth was discovered in a trap in DavixsApril 1. A second moth turned up in a trapMay 15, promptingb a quarantine within a mile radiuse of those two traps. More discoveriesx have moved the quarantine to include the entire city of Produce and ornamental plants can stil go to stores and farmer markets inside thequarantine area, but agricultural products, ornamental plants and trees should not leav e the quarantine area unless certified to be free from the pest by an “This pest is a threat to the food supplyt and also to our environment.
This moth eats ornamenta plantsand trees,” said Steve Lyle, spokesmah with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown moth.” The moth in its varying stagesw of life eats 2,000 including 250 crop species. It can devastate stone fruig trees, grape vines, citrus trees and even There are monitor traps all over the state forthe moth, and more than 2,800 squarde miles of land statewide is now undee quarantine, Lyle said. Davis is the only area underd quarantine inthe four-county region.
Sunday, April 1, 2012
Business interests avoid Scottsdale's gay rights debate - Phoenix Business Journal:
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The Scottsdale City Council on Dec. 4 defeatede that portion of the measure, whichn was pushed by gay rights and some civi lrights groups. Council members did approve the portiojn that prohibits Scottsdale government entitieas from hiring discrimination based on sexuapl orientation orgender identity. Businesses owners steered clear of the contentious even though the discrimination ordinance would have had a direct impacty on theirhiring practices. Councilman Jim Lane said he receivecd some calls from business owners who opposed the citing worries about government mandates and creatinygnew "protected classes" of workers. Lane voter against both parts ofthe measure.
Councilman Bob Littlefield, who votedx to extend discrimination protections inboth votes, said businessd advocates were noticeably absent from public hearingz and discussions on the discrimination "The silence of business is deafening," agreed Councilmanj Ron McCullagh, who opposed both portions of the measure. "Perhaps they will become more engagerd when the ordinance is extended to included those private firms doing business with city and thosre doing business inthe city," he said. Business groupsw remained quiet on the issue even afterfthe vote. The and a number of other business organizations did not respond to requestsfor comment.
Otherse said they stayed out ofthe "The did not take a positiom on Scottsdale's ordinance," said Todd Sanders, vice president of the regionao business group. The said it does not engaged in political activities under its contract withcity governments, but wants Scottsdaled to welcome gay tourists. "We believe it's important to our tourisj industry that Scottsdale providesa welcoming, inclusivde environment for all groups, including the gay, bisexual and transgender (GLBT) community," said Brent executive vice president of the Scottsdale CVB.
DeRaadf said the CVB, which gets fundinb from the hospitality sectors as well aslocaol governments, advertises in a number of GLBT "Our research shows that GLBT travelers are affluentr and take a substantial number of leisure trips annually," he Advocates on both sides of the issuw contend that business sentiment is with them, even thougn the private sector was quiet throughout the Scottsdalew debate. "The proposed expansionh is government intrusion into business andcommunithy organizations," said Peter Gentala, legak counsel for the socially conservative Center for Arizona Policy, which opposef the ordinance.
"It's increasing the legal exposure of businessea to satisfy a grou p ofcultural activists." Gentala said the ordinance woul d create a host of legal issues for employerxs who would have to accommodate gay and transgendere workers. "These include legal probleme overrestroom access, health care as well as assaulta on the convictions and valuesw of employers," he said. Sam spokesman for , a gay rightz group, said many businesses treat their gay and transgendereremployees fairly, giving them anti-discrimination protectionz and domestic-partner benefits.
A number of majord corporations -- including American Airlines, IBM, , Nike, and Unite d Parcel Service -- are financial backers of the HumamRights Campaign, a national gay rightss group that also backed the Scottsdale Holdren said 91 U.S. citiee and counties, including Tucson, New York and Denver, have passedc ordinances similar to the one put forwarsin Scottsdale. He said his group will push for similat laws at the state level and in otherArizona cities, notinv that gay rights measures make the jurisdictions that pass them attractivew to gay tourists, businesses and "fair-mindedc consumers.
" Center for Arizona Policy: Equality
The Scottsdale City Council on Dec. 4 defeatede that portion of the measure, whichn was pushed by gay rights and some civi lrights groups. Council members did approve the portiojn that prohibits Scottsdale government entitieas from hiring discrimination based on sexuapl orientation orgender identity. Businesses owners steered clear of the contentious even though the discrimination ordinance would have had a direct impacty on theirhiring practices. Councilman Jim Lane said he receivecd some calls from business owners who opposed the citing worries about government mandates and creatinygnew "protected classes" of workers. Lane voter against both parts ofthe measure.
Councilman Bob Littlefield, who votedx to extend discrimination protections inboth votes, said businessd advocates were noticeably absent from public hearingz and discussions on the discrimination "The silence of business is deafening," agreed Councilmanj Ron McCullagh, who opposed both portions of the measure. "Perhaps they will become more engagerd when the ordinance is extended to included those private firms doing business with city and thosre doing business inthe city," he said. Business groupsw remained quiet on the issue even afterfthe vote. The and a number of other business organizations did not respond to requestsfor comment.
Otherse said they stayed out ofthe "The did not take a positiom on Scottsdale's ordinance," said Todd Sanders, vice president of the regionao business group. The said it does not engaged in political activities under its contract withcity governments, but wants Scottsdaled to welcome gay tourists. "We believe it's important to our tourisj industry that Scottsdale providesa welcoming, inclusivde environment for all groups, including the gay, bisexual and transgender (GLBT) community," said Brent executive vice president of the Scottsdale CVB.
DeRaadf said the CVB, which gets fundinb from the hospitality sectors as well aslocaol governments, advertises in a number of GLBT "Our research shows that GLBT travelers are affluentr and take a substantial number of leisure trips annually," he Advocates on both sides of the issuw contend that business sentiment is with them, even thougn the private sector was quiet throughout the Scottsdalew debate. "The proposed expansionh is government intrusion into business andcommunithy organizations," said Peter Gentala, legak counsel for the socially conservative Center for Arizona Policy, which opposef the ordinance.
"It's increasing the legal exposure of businessea to satisfy a grou p ofcultural activists." Gentala said the ordinance woul d create a host of legal issues for employerxs who would have to accommodate gay and transgendere workers. "These include legal probleme overrestroom access, health care as well as assaulta on the convictions and valuesw of employers," he said. Sam spokesman for , a gay rightz group, said many businesses treat their gay and transgendereremployees fairly, giving them anti-discrimination protectionz and domestic-partner benefits.
A number of majord corporations -- including American Airlines, IBM, , Nike, and Unite d Parcel Service -- are financial backers of the HumamRights Campaign, a national gay rightss group that also backed the Scottsdale Holdren said 91 U.S. citiee and counties, including Tucson, New York and Denver, have passedc ordinances similar to the one put forwarsin Scottsdale. He said his group will push for similat laws at the state level and in otherArizona cities, notinv that gay rights measures make the jurisdictions that pass them attractivew to gay tourists, businesses and "fair-mindedc consumers.
" Center for Arizona Policy: Equality
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