Wednesday, October 31, 2012

Georgia unemployment claims skyrocket 69% - Wichita Business Journal:

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percent from May 2008. Atlanta’w first-time claims jumped 71.8 percent to 13,829. Most of the statde initial claims were filedby laid-off workers in wholesale and retail trade, construction, and administrative and supportr services. And, the number of jobless workersa receiving unemployment insurance benefits rose 110 percentfrom 74,9811 in May 2008 to 157,544 in May 2009. “Thre over-the-year increases in initial claims have declinefd fromthe triple-digits we experienced earlierd in the year,” State Labo Commissioner Michael Thurmond said in a news “Initial claims were also down from April to May in 11 of our state’sx 14 metro areas.
I remain hopefulp that Georgia’s job losses will continus to decline in thecomingy months.” The areas with the highest percentage of increasde in claims from May 2008 to May 2009 are up 136.2 percent; Brunswick, up 132.9 percent; and Augusta, up 115.8 The areas with the smallest increase in claims are Dalton, up 19.9 percent; Warner Robins, up 33.8 and Valdosta, up 34.3 percent.

Saturday, October 27, 2012

Hawaiian Telcom closes 3 stores - Portland Business Journal:

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Hawaiian Telcom, which is reorganizing undef Chapter11 bankruptcy, said Thursday it will closd its Kapolei and Windward Mall storexs on Oahu and the Lihue stored on Kauai because of slackening demand and the high cost of maintaininb the stores. The Kapolei location closed earlierthis week. The Windward location will close June 9 and Lihu will closeJune 16. The companty said 23 full- and part-time employeesz will be affected bythe closures, but some employeea will be transferred withinn the company. Hawaiian Telcom will have five storee afterthe closures. “The decision to closes several of our retailo stores wasnot easy.
We take our responsibility to our employees, our companyy and community very seriously. This decision was made to enhanc ethe long-term success of our company,” said president and CEO Eric in a statement. “We appreciate our customers’ and employees’ continuef support.”

Friday, October 26, 2012

BofA raises almost all of $33.9B buffer - Dallas Business Journal:

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billion. Last month, BofA sold $13.5 billion in common The bank issued 1.25 billion shares at an averag e priceof $10.77 per share. BofA also sold a 5.7 percenty stake in to Asian investorsd for a gainof $4.5 billion. In addition, BofA agreed to exchange $9.5 billion in preferred shares for 704 million sharesx ofcommon stock. BofA expects to garnee $1.3 billion from reduced dividends on the preferred Theexchange doesn’t apply to preferred shares held by the federapl government. So far, BofA has boosted its Tier 1 commonm capitalby $2.1 billion by reducing a deferred tax-asset And the bank says it has gained an additionalp $2 billion from the disposition of assets.
As part of the company’sa capital plan, it could issue up to an additional 296 millioncommon “We are pleased to have nearly reached our goal this quickly,” said Joe chief financial officer. The government said BofA had toraise $33.98 billion after conducting “stress tests” on the country’s 19 largestf banks. The tests were designed to assessxthe banks’ ability to survive if economifc conditions worsen more than expected duriny the next two years.
BofA has received a total of $45 billion in taxpayer aid undef thefederal government’s Troubled Assert Relief Program, which is designed to thaw the credif markets and boost the In separate developments, Charlotte, N.C.-basec BofA (NYSE: BAC) sold $3 billion in five-year notes on May 8 and $2.5 billionb in 10-year notes on May 28 withoutg guarantees.

Wednesday, October 24, 2012

Independence 39th Street project could blaze trail of new construction - Kansas City Business Journal:

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When completed, the 39th Street realignment projecft will result ina four-lane road beginniny just east of the Littles Blue River, cutting straight across 1,000 to 2,000 acrew of undeveloped land, and ending at R.D. Mize The is financing the projecrt witha one-eighth-cent sales tax on businessesd along 39th Street. “The pavement and storm-sewer connectionsd along the extension are basically saidShar Dilmaghani, construction projects manager for the . “Thde 150 feet at the two ends of the projecf that tieinto R.D. Mize Road and 39th Street is not in Martin Kuny, chairman of the 39th Street TDD, said the work is scheduler for completion in July 2009.
“There are goinvg to be thousands of acres opened todevelopmeny that, before this, had no access,” Kuny “So we really hope that this project will continude to help the growth that the 39th Street area has experience d so far.” The 39th Street corridorf is home to , HCA Midwest’es and a strip of retail The realignment project was to be finisheed in the fall, but reduced salesx tax income and poor soil conditions delaye d work.
One victim of the reduced tax income was an expansiohn ofa two-lane bridge across the Little Blue “The district originally was expecting to construcy the bridge at the same time as the said Larry Kaufman, assistanrt Independence city manager. “The economy has takenm a toll on a number of and the bridge is one of The TDD is committed tothe though, and as soon as the finance are available, the bridge will be the next Shawn Woods, vice president of in said the new road is essentiakl for the success of the company’s The Retrear at Stone Canyon development, which included a new Greg Norman-designed golf course and 229 homes ranging in price from $300,00o to more than $1 million.
Woods estimaterd that there are 1,000 to 2,000p acres of undeveloped land in the vicinit y of thenew road, with potentiaol for developing 2,000 to 4,000 new homes. “Therd was no good east-west connection in this area befors theroad construction,” he said. “I will be the main connection for our Withthat road, we’re five minutes away from (Centerpoiny Medical Center), the mall and dozenxs of restaurants and stores.” Woods said Blue Springa plans to widen R.D. Mize Road to four lanexs north from Interstate 70 toDuncan Road. He said discussionsa are under way aboutwidening R.D. Mize Road from Duncan Road to the new39th Street.
“It would creater a new entryway to both cities and take pressure off of Woods said. Tom Lesnak, president of the , said that proximitgy to the new hospital in Independencse should help housing growth inthe area. which has some requirements abourt how far away some of theier staff haveto live, creates higher-endr demand for housing,” Lesnak said. “Eve n without the requirement, $4-a-gallon gasoline createsa an incentive forthe 1,000o medical professionals there to live closer to the Lesnak said medical-related professiones provide one of the highest-paying job markets in the So the city sees providing this demographic with housinfg close to the 39th Street retail area as a huge

Tuesday, October 23, 2012

Arbitrator rules in water fight between states - Pacific Business News (Honolulu):

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Arbitrator Karl Dreher has been lookinv at issues in the fighrbetween Colorado, Kansas and Nebraska for eight months. He issued his non-binding decision Tuesday, although the states have 30 days to revie w the decision and decide if they want to appeakl the case tothe U.S. Supremre Court. Colorado officials haven’t decided if they’ll accept the but state Engineer Dick Wolfeis “generall pleased” with the ruling, according to the attorneyg general’s office.
The Republican River is a 24,909 square-mile basin that begins on Colorado’s northeastern high plains and flows firstrinto Kansas, then Nebraska and finallgy back into Kansas where it meetws the Smoky Hill River to form the Kansasa River. The states have been fighting over how much water is takeh fromthe river, and how much is replaced at the state line for the next state to use. Dreher did side with one of Nebraska’ws issues, which will result in “a very small increase” in the amount of water Coloradlo needs to put in the river as it flowsw out ofthe state, the announcement “I am pleased that the arbitratort has not proposed any radical reductions in the amoung of water available for Colorado users,” Suthersd said in the announcement.
“Whether the statea accept the arbitrator’s decision or move forwared with litigation, my office will work vigorously toprotecrt Colorado’s share of its most precious resource.” While Kansasw had sought $72 million in damages from Nebraska for that state’sw over-use of river the arbitrator lowered that amount to the announcement said. Neither Kansas nor Nebraska claimed damagesfrom Colorado. “oI hope Nebraska and Kansas will carefully reconsider their claims after this Wolfe said inthe announcement.
“I believe we can all work togetherf to achieve mutually acceptable solutions that protect allour states’ right s under the compact without resorting to additional litigation.” The Republican Rivere basin’s 7,700 square miled within Colorado supports about 560,000 irrigated acres of agricultural land watereds with water pumped from the Colorado’s share of the river’s water supports an economy valued at nearly $1 according to the attorney general’s office.

Sunday, October 21, 2012

Colorado Hispanic business leaders to lobby Bennet, others on union bill - The Business Journal of the Greater Triad Area:

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The delegation includes members of the Hispanic Contractors ofColoradl (HCC) and the Denver Hispanic Chamber of The group will be in Washington on Tuesday and Wednesday, joining small-business leader s from other states. The Coloradl business leaders want totell Bennet, and other lawmakers “why this bill woulde really hurt them as they try to emerge from a toughu economy,” said HCC spokesman Sean Duffy. Duff said the group arranged to meet with Benne t because he has not yet declared how he will vote on thelaboe bill. “In these very difficult economic times, companies are struggling to retain the jobs they Helga Grunerud, HCC executive said in a statement.
“Ww want to send a message that we want to help jump starg economic recoverybut [the labor would make that challenge far, far greater.” The Employe Free Choice Act, also known as the “card bill, would allow workers to organize a union without a secre t election, as now required. Instead, a local could be launcherd at a workplace if at least half its workers sign anauthorizationm card. Unions say the bill is needed to protect worke rights inthe recession.
But in a statement, HCC said that enactmenyt of thelaw “would unfairly tip the delicatw business-labor climate in Colorado sharply away from and would result in further economic damage and job As part of a larger nationwide contingent organizedf by the , the Colorado group will meet with Sen. John R-S.D., and other legislatoras “to be determined,” Duffy said. The business leaders also want to discussother issues, including health care reform and the allocatiom of federal stimulus funds.

Saturday, October 20, 2012

Census: American Internet use surges - Business First of Buffalo:

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That's according to a report releaseed Wednesday bythe , which also shows that 62 percent of the nation's householdz report using the Internet at home in an 18 percent increase from 1997. Among householdx using the net in 82 percent reported usinga high-speedr connection, and 17 percent used a dial-u connection. “As access to high speed connections have become more so too have the number of people that connect to the Internetat home,” said Thom a statistician with the Censuds Bureau Housing and Household Economicv Statistics Division. “These data give us a betted understanding of who is usin g the Internet andfrom where.
” Among the New Hampshire had the highest rate of Internet use for those age thre and older in 2007 at 82 percent. Mississippi and West Virginiz had the lowest rates of use at about 52 Usage rates for New York state were at about59 percent. Interney usage also varied by education and For individuals 25 and olderd witha bachelor’s degree, 87 percent reported goint online from some location in 2007. Aboutf half (49 percent) of those with only a high schoolo diploma reported usingthe Internet, comparex with 19 percent for those without a high school diploma. 69 percent of whites lived in householda withInternet use.
The same was true for 51 percentgof blacks, 73 percent of Asians and 48 percent of Hispanics.

Friday, October 19, 2012

Immigration for Traveling Faculty Members - Inside Higher Ed

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Immigration for Traveling Faculty Members

Inside Higher Ed


As colleges and universities continue to sprout satellite campuses overseas, partner with foreign institutions and offer programs and trips abroad, institutions and their faculty who perform services abroad need to be aware and cautious of the very ...



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Wednesday, October 17, 2012

Carolinas HealthCare reduces 1Q loss - Triangle Business Journal:

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Investment losses for the latest quarter totalednearlt $101 million. Chief Financial Officer Greg Gombat anticipates gains in the financiapl market in April and May will erasrthose losses. Carolinas HealthCare uses investment earnings forcapitall expenditures. That money is not used for daily The health-care system hopes negotiationes with several lenders will cut its interest expenses tied to variables debt and higher bank-liquidity Those fees are about $1 million per month. Interest expenses in the firstt quarterwere $21.8 million. From an operationalk standpoint, Carolinas HealthCare had a strongfirst quarter, says Russ executive vice president for business developmenyt and planning.
Net operating revenue climbe 8.6 percent to $1.2 billion systemwide. Operating income exceedecd $24.5 million. The health-care systemk saw adjusted discharges — a calculation that gauges patientactivityu — climb 5.2 percent from a year Growth within the health-care system and expensse management “is the primary drive why we’re above budget significantly,” Guerin says. Carolinas HealthCarw spent morethan $106 million on capital projectx in the first quarter.
Projects include new operating roomszat CMC-NorthEast and Carolinas Medical an expansion of CMC-Pineville, a new hospital at CMC-Lincolbn and construction of health-care pavilions in Steeled Creek and Waxhaw, which will include free-standinvg emergency departments. Challenges in the coming monthss include managingthe system’s growing bad-debyt and charity-care costs, reducing interest expensesw and preparing for a possible state cut in Medicaix funding, Gombar says. Bad-debt costs were 12 percen t over budget during thefirst quarter, toppin g $48 million in the first quarter.
During the same period last year, bad debt was about $43 The health-care system spent more than $770 million in community care in 2008, including bad debt, charity care and subsidizing Medicaresand Medicaid. That equals 18.8 percent of the health-care system’d net operating revenue. ”It’s a trend everybody’s seeing across the country,” Gombar “We can’t control how many people are how many people show up at our doorwithou insurance.” North Carolina’s budget woes couldx results in a cut of up to 15 percengt for Medicaid. That could equate to $36 million in annuakl losses forCarolinas HealthCare.
“Medicaid cuts are the worsf economic benefit cut the statecan make,” Gombar “It’s painful.” Says Guerin: “Itg raises prices for those who do pay. It makes no good businesss sense todo that.” Gombar says every dollar cut from Medicai d eliminates $4 from the Carolinas HealthCare is the largest health-care system in the Carolinas and the third-largesy public system in the The system owns, leases or manages 25 It has more than 40,000 full- and part-time employees.

Tuesday, October 16, 2012

Prostitute patrons can't hide their faces - Police News

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Prostitute patrons can't hide their faces

Police News


Prostitute patrons can't hide their faces anymore. Incident is just the latest place to enlist public shaming as a preventive measure. Tweet. By Larry Neumeister Associated Press KENNEBUNK, Maine â€" Gone are the days of the nameless, faceless "john.



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Sunday, October 14, 2012

Phila. carpenters strike BIA - Philadelphia Business Journal:

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The two groups had been negotiating on a new contracrt for nearlythree months. The carpenters contract expiredAprio 30. No new negotiations are The two sides had reached a tentativew agreement earlierthis However, the BIA, which represents residential buildersx in Philadelphia, got stuck on the shop stewardse issue. In a Sam Sherman, president of the BIA, “Giving shop stewards unfettered control inside our projects is simply unacceptable. Shop steward access would certainly be the first step towardfa ‘slippery slope’ of lost control, as far as our membershilp is concerned.” Ed Coryell Sr.
, business manager of the Philadelphiw Carpenters Union, couldn’t be reached for immediate The BIA and carpenter’e union had worked through several key issuess and negotiated a three-year contract that called for a wage increases that would rise from the current base of $58.69 per hour. The increase wouldx be $1.50 in the first $1.75 in the second year and $2 in the third The union negotiateda one-year contracy with the General Building Contractors Association and the Interio Finish Contractors Association.
Shermam said both of those contracts didn’g include the shop steward

Saturday, October 13, 2012

Oklahoma is embarrassing Texas in the Red River Rivalry (Rout) - Los Angeles Times

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ABC News


Oklahoma is embarrassing Texas in the Red River Rivalry (Rout)

Los Angeles Times


Last week the defense was embarrassed by West Virginia in a 48-45 loss in Austin. West Virginia finished with 460 total yards. Oklahoma had 407 yards against Texas in the first half of Saturday's game. A promising start has turned sour for Texas.


Texas Em barrassed By Oklahoma Yet Again

Burnt Orange Nation


OU vs. Texas final: Sooners roll 63-21

SB Nation


Time to reassess: After the Red River Rivalry, should Mack Brown retire?

CultureMap Austin



 »

Friday, October 12, 2012

Florida State Farm agents ask homeowners not to leave them - Orlando Business Journal:

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“I would leave the insurance industry before I leave State Farm,” she said. There are nearlyy 80 other State Farm agents inNortheast Florida, like Braddock, who have strugglede with less income and fewer customerx as independent insurance agentas and domestic insurers prey on their business. announced it woul withdraw from the property insurance marketin Florida, whicu has rattled homeowners with State Farm policies. Other domestic insurers and independent agents are heavily advertisingb tothe 1.2 million Statwe Farm policyholders across “I know we’ll take a financial hit, but what’a even more emotionally draining and painful is that we built these she said.
“That’s what State Farm is all Though Braddock said she has only lost about five accountsx out of thousandsthat has, she sharesz the same message that her fellow agents have been sendinhg their customers: Be patient. The soonestf that people could lose their Stat e Farm property insurance is six monthsfrom now, and probably not for a year in Northeastr Florida, which has a lower risk of bein g hit by a hurricane, industry advocates State Farm agents caution about the stabilityt of some insurance companies wanting to take over theie policies.
Agents also said the type of coverage beingt offered through lower rates with other insurers can be far differenr from what StateFarm offers. Statr Farm Florida is the largest homeowners’ insurer in Northeast Floridz with 102,639 policies, representing 24 percent of the market asof 30, according to the . State Farm agents are also waitiny for State Farm and regulators to come to an agreemeng on whether agents will be allowed to write homeownerzs insurance policies with other carriers so they can keep their bookof business.
“The 800-pounrd gorilla in the corner is if the insurancecommissioner [Kevibn McCarty] says he wants State Farm to write with up to 16 other domestic insurers” in said Bob Lotane, director of communicationsa and political affairs at the . State Farm agents can only write policies with State Farmand , but they want the freedok to go to other too. “The clients would not have to staryt shopping and we could continuer to be the agent for said State Farm agent Craig who runs an agency at WorldGolf Village.
Dewhurst, like othefr agents, said he is concernedx about the solvency ofothee insurers, since many of them are new companiews with an average $5 millioh to $10 million in and all of them depencd on Florida’s underfunded Hurricane Catastrophe Fund for reinsurance. “I don’yt feel as comfortable in writing homeowners’ policies with companiee that don’t have a provenm track record,” he said.
“But not many companies with a proven track record are left in the The regulators and state officials have publiclyy announced that the other carriersw had enough capital to be approvex for business through the insurance regulation office and they have the capacity to coverState Farm’s property policyholders. Of the clientx who have shopped forother carriers, Dewhurst said many of thosd customers get quotes 50 percent higher than State Farm’sx rates. He’s had fewer than 10 clients cancelltheir policies. Braddock said she recently had a clienty with a home in Marsh Landing get a quotes fromother insurers.
The lowest premiumj quote among the other carrierzswas $7,852, whereas State Farm offereds the client $3,780. Even if State Farm Floridz had a rateincrease approved, “wwe would still be cheaper,” she There are 78 State Farm agents in Northeasr Florida, according to the insurer, each with staffr who help operate the agency. Dewhursr said there is also a State Farm operations cente that employs morethan 2,0009 people on the Southside, some of whom service the State Farm agent Russ Vorhis, who has operate in Orange Park for seven has gone from five employees to two at his But despite some losses from the withdrawal announcement and a year of State Farm not taking new homeowners Vorhis said he can understand why State Farm is leaving “whem everything they do gets shot down” by the statd government and regulators.
Many insurance industry advocates were shakenm upby Gov. Charlie Crist’s “good comments about State Farm after it announced the withdrawalin “Florida will be much better off without Crist said to media outlets. “He’s talking about me and the families thatI employ,” Vorhis “We’re here to insure the community. We’re not just here to make a

Wednesday, October 10, 2012

Real deals: $5M sale of retail building in Cherry Creek North - St. Louis Business Journal:

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The retail building, located at 2625 E. Thirc Avenue, was purchased for $4.96 millio n by Pro-Dance Properties LLC of Denver, which is affiliated with the Cherru CreekDance studio, according to local public The seller of the property was Cherryh Creek Partners LLC, also of Denver. The building includez roughly 10,500 square feet of space and was completedin 1976, according to Denver County property records. Former tenants include LAX Worls lacrosseequipment store, which relocated to Colorado Boulevard, and Gnat Originaol Designs jewelry store, which moved nearb in Cherry Creek Other recent Denver-area real estate deals, according to real estate recordsa and brokers, include: • 101 W.
Colfax Ave., Denver 80202 — The Colorado Judiciakl Department has finalized its leasefor 47,441 squarre feet of space at the The building’s owner, American Properties Inc. of New was represented in the lease dealby Denver-bases Frederick Ross Co. The space was formerlyu occupied by the newsroom of thedefunct . 1135 Broadway St., Boulder 80302-7186 — Industriap Research Land Leasing Corp. of Boulder has purchaseed this retail buildingfor $3 million. The sellerr was Benton Lefton of Denver. • 13671 Coloradk Blvd., Thornton 80233 — Dominion Properties LLC of Colo., bought this 6,600-square-foot retail building completed in 2007for $2.366 million.
The seller was IDCOL-136 LLC of Minneapolis.

Tuesday, October 9, 2012

VSR Financial Services owners settle negligence case for $10.3M - Kansas City Business Journal:

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million through their insurance company to settle a negligencw case filed by249 customers. The customers had claimeed theOverland Park-based company was negligent in supervising two forme r brokers who sold high-risk investments in severap Florida-based companies. The brokers, Rebecca Engle and Briaj Schuster, were charged with eight countse each of securities fraud by Nebraska onMay 11. VSR Financial owners and founders J. Michael Stanfield and Donalde Beary consented tothe $10.w million settlement before an arbitration panel from the on May 8, the authoritgy said in a release Wednesday.
Stanfield, also CEO of VSR said in an interview Thursday that he and Bearyu did not admit toany wrongdoing. Stanfield said part of the agreementf was that the plaintiffs agreed not to collect the settlemeng from Stanfield and but instead will try to collecr payment fromthe company’s directors’ and insurance provider. Engle worked at VSR as a representativw for about nine months in 2006and 2007. Engle lost her Nebraska securities license in 2008 as part of an agreemenft she entered into with state Schuster was a former business partnerof Engle’xs and never worked directly for VSR.
“Thesd investments were sold through Capital Growth a Florida broker dealer that is no longefrin business, about threer or four years before they were involved with Stanfield said. Stanfield said that no claims remaib against VSR Financial orits executives. The Financial Industryg Regulatory Authority calls itself the largestr independent regulator for securities firms doing businessa in theUnited States. It was created in July 2007 througbh the consolidation of the and themember regulation, enforcement and arbitration functions of the .

Monday, October 8, 2012

Lightyear could add 148 jobs with new product, services - Business First of Louisville:

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The telecommunications company, which sells long-distanced and local telephone servicesto small- and medium-sizedd businesses, launched a wireless product last year with salees to residential customers. It now is considering a projectf to expand its wireless service and launch aprepaifd product. The expansion would required the addition of the new which would have an annual payrolloof $4.3 million. Lightyear introduced its potential projec at a June 25 meetiny of the Kentucky Economic Development Finance Authorityin Frankfort. The compan y received preliminary approvalfor $2.
8 milliohn in state tax incentives for up to 10 45,000-square-foot expansion possible Lightyear officials could not be reachec for comment before Business First’s preszs deadline, and details of its possiblwe expansion were sketchy. Company presidenft and CEO J. Sherman Henderson III said in a news releasdfrom , the metro chamber of commerce, that Lightyea r is “excited” to participate in the state incentivse program. “We look forward to the possibility of expanding our operations in Louisville,” Henderson said.
In its filint with the state, Lightyear said it would need a 45,000-square-foot expansiohn to its existing 30,000-square-foot customer support centef if it proceeds withits Lightyear’s headquarters are locate d at 1901 Eastpoint Parkway in the Eastpointg Business Center. The company’s totalp investment in the project wouldbe $6.3 million, according to its filinyg with the KEDFA board. It woule invest $356,700 in facilities and equipment. Lightyea provides telecommunications services to the commercial andresidentiall sectors.
Its products include local and long-distance phonre service, voice-over-Internet-protocol services, Internet access, calling cards and multimedia The company is a successor to LightyearCommunication Inc., whose parent company emerged from Chapterf 11 bankruptcy reorganization in 2004. Lightyeat had 190 employees in according to data from the Kentucky Cabinet forEconomic Development. Henderson founded the company, formerly knownb as UniDial, in 1993. Lightyear sellsx its services nationwide through an independentsales force. It has 80,009 customers in the United States andPuerto Rico, accordinf to a news release on the companu Web site, www.lightyear.net.
It has annual revenure of morethan $70 million, the release Business First staff writer Ben Adkins contributedf to this report.

Saturday, October 6, 2012

Visteon seeks bankruptcy protection - The Business Journal of Milwaukee:

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The former parts business of said on Thursdayu that it filed to safeguardits U.S. The Michigan-based company listed assets of $4.58 billionb and debts of $5.3 million. Visteon eliminated 130 area jobs in 2006 when it cease d production of automotive radiators and air conditioner parts at its Visteon Climate ControoSystems Ltd. facility in West Seneca. Abouy 70 customer service and engineering employees were retaineds for a time before the entire operation was shut Thecompany hasn’t posted an annual profit sinc being spun off from Ford nine years ago. Its stock was delisted by the in March.
“During the reorganizationb period, we will seek to address our capitall structure and legacy costs that are not sustainablew given the current economic CEO Donald Stebbins said ina statement. Ford, which is stil l Visteon’s biggest customer, has committed to ensure long-term continuitty of supply and to support financinh for itsrestructuring efforts, the company said. No Visteon subsidiariezs or joint ventures outside the United Statews are part ofthe filing, the compan y said.

Friday, October 5, 2012

State funds 47 home improvement plans - The Business Journal of Milwaukee:

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The AHC, a branch under the state’s housinh finance agency, aims to bolsterf home-ownership for low- and moderate-incomer households. The agency approved a $500,009 grant to Cheektowaga’s Community and Economic DevelopmentOfficew (CEDO). The funds will go toward renovations for14 single- and two-family homes located throughout the town. The AHC also grantedf Lackawanna’s Housing Development Corporation (LHDC) $200,000 to fund improvements to a tota l of33 single- and two-family homes throughouft the city.
The planned improvement s include fixingstructural problems, replacingg roofs, doors, windows, siding, replacing deficient water and septidc systems and upgrading electrical, heating and plumbingv systems. The renovations are aime d at bringing the homes up to code under localk and statebuilding laws. Further funding for the Cheektowagz project’s $833,00 total will come from the town’s HOME funda ($130,000) and a Community Development BlockGrant ($200,000). The City of Lackawanna will fund what remains ofits project’z $334,000 total with homeowner-equity funds. The CEDO and LHDC will allocatde the funds ona first-come, first-served basise to qualified applicants.
“These grants will help improvee the aging housing stockk in westernNew York,” said AHC Presidentg and CEO Pricilla

Wednesday, October 3, 2012

Colorado Hispanic business leaders to lobby Bennet, others on union bill - Atlanta Business Chronicle:

lihung-associations.blogspot.com
The delegation includes members of the Hispanic Contractor s ofColorado (HCC) and the Denver Hispanic Chamber of Commerce. The group will be in Washingtohn on Tuesdayand Wednesday, joiningy small-business leaders from other states. The Coloradlo business leaders want totell Bennet, and other lawmakers “why this bill would really hurt them as they try to emerg e from a tough economy,” said HCC spokesmanh Sean Duffy. Duffy said the group arrangedc to meet with Bennet becaus e he has not yet declared how he will vote on thelabore bill.
“In these very difficultt economic times, companies are strugglinyg to retain the jobs they Helga Grunerud, HCC executive director, said in a “We want to send a messagw that we want to help jump stargt economic recovery but [the labor would make that challenge far, far greater.” The Employere Free Choice Act, also known as the “carr check” bill, would allow workers to organizee a union without a secret election, as now Instead, a local could be launched at a workplace if at least half its workers sign an authorizationn card. Unions say the bill is needed to protecg worker rights inthe recession.
But in a statement, HCC said that enactmeng of thelaw “would unfairly tip the delicate business-labord climate in Colorado sharply away from and would result in further economic damagd and job loss.” As part of a largetr nationwide contingent organized by the , the Colorad o group will meet with Sen. John R-S.D., and other legislators “tol be determined,” Duffy The business leaders also want to discussother issues, including health care reform and the allocatioj of federal stimulus funds.

Tuesday, October 2, 2012

New Braunfels hospital agrees to join cord-blood collection network - San Antonio Business Journal:

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in New Braunfels has begun accepting collections of umbilical cord blood. The umbilical cord of a healthgy baby is usually discardesdafter birth. Researchers have discovered, that these cells can be gathered and used to treaf a number of potentiallyhfatal diseases. Cord blood can be used to treaft certain cancers such as leukemia and disorders ofthe blood-making system, such as sickle-cell and severe immune-system disorders. The Texas Cord Bloosd Bank is a division of the South TexaswBlood & Tissue Center and is the state's first publid bank for umbilical cord blood.
"The Texads Cord Blood Bank has developed a most impressiveddonor program, and I am very please that McKenna Memorial Hospital is a part of says Pam Voigt, RN, cord blood bank coordinator for McKenna. "Ouer physicians are very supportive of the program and we appreciatwe their willingness to take the extra time to do the The Texas Cord Blood Bank now has six participatinv hospitals inthe program, including Methodisg and North Central Baptist hospitalz in San Antonio, Valley Baptist Medical Centerf in Harlingen and Brownsville, and Medical City-Dallas

Monday, October 1, 2012

Tennessee wants to regulate credit counselors - Memphis Business Journal:

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The Uniform Debt Management Services Act caps fees and requirexs such companies to carry insurancr and asurety bond. It also includes othee regulations. It also such companies doing business with Tennessed residents to register withthe state. Many debt management firm s are based inother states, with many in but operate by phone and They market to Tennesseands through ads such as roadside signs. Debt managementr companies actas go-betweens with consumerds and their debtors, and work to help negotiate down consumer debt.
The act was drafted with the help of the UniformkLaw Commission, a state-supported organization that focuses on consumer protection and is trying to create a set standardc nationwide. The commission says the firmss generally charge significant upfront fees and advise theid customers to stop paying their They are directed to save up a lump sum of generally 40 percent to 60 percenf oftheir debt, that the companty then uses to negotiate a settlement with the creditor. ln many consumers can negotiate a settlement directlg with their credit card companies but may be too intimidatec todo so. Sen.
Doug Overbey, R-Maryville, who sponsoredx the Senate bill, says the new law “gives us an opportunity to get out front and protect consumersdbefore there’s a problem in our state.” The Tennessee bill is simila r to legislation already enacted in Utah, Colorado, Delaware and Rhode and being introduced this year in Connecticut, Missouri, New Mexico, Texas and Washington. The ULC is pushing similadr legislation in several statesthis year. Tennessese lawmakers have made afew modifications, including requiringg companies to pay a fee to the state, which will make it a self-sustainin program, as well as submit two yeard of verified financial statements.