Gibson GAM185Q2
Summary: With sales of $11 Smithfield is the leading processor and marketer of fresh pork and processedc meats in the United and the largest producerof hogs. Premiu Standard Farms was one of the largest vertically integratede providers of pork products in the United producing pork products forthe retail, wholesale, food further processor and export markets. Smithfield paid $22.14 per Premium Standard share in the formof 0.678 of a Smithfiele share plus $1.25 in cash. Smithfieled also assumed about $125 milliobn in Premium Standard debt.
In Smithfield reported that its first-quarter earningse more than doubled compareds with the same periodin 2006, thanksw mainly to Armour-Eckrich, which it bought in Octobed 2006, and Premium Standard Farms. "This combinatiobn is a great strategic fit for CEO Larry Pope said ina release. "Thde acquisition of PSF fits well with our stronf expertise in hog production andpork processing." Premium Standard has about 4,300 employees at farmss and processing facilities in Missouri, North Carolinq and Texas. Its presence in Kansas City was limitee to its corporate officesin Downtown.Smithfield also owns Kansas City-based .
Wednesday, March 16, 2011
Monday, March 14, 2011
Wonder Bread plant
http://catholicjustwar.org/kmiec.asp
But the lack of progress at another industriao redevelopment site across North Fourth Street and the poor economic climatse could limit interest inthe 64,400-square-foot building, real estate experts said. Kansas City, Mo.-basedf closed the plant at 697 N. Fourth St. on May 6 as it shiftedx production to other Wonder Bread That decision, which eliminated nearlu 90 jobs and ended the smell of fresh-bakedc bread that once wafted from the followed a four-year reorganization of the company in . Interstatde put the property on the marke tfor $1.7 million.
“You have a landmark building with the cool elements ofthe brick, the beamz and the clear heights,” said Peter Merkle, the agent marketintg the property. “It may take time for someone to figure it out, but I think there’sd a deal there.” The Wonder Bread plant becomese the latest industrial operation in Italiamn Village in search of a new future. About 10 yearsd ago, a Philadelphia real estate developer began workin on a portion of the abandoned comple x along EastFirst Avenue. The State of Ohio Libraru later moved into a renovatesdindustrial building, while Columbusz developer Dan Schmidt’s JDS Cos.
bought and renovate the former Jeffrey Manufacturing corporate offices into condosand apartments. The Berrgy Bolt Works industrial building at350 E. First Ave. also received a makeove r into office space severalyears ago. “Therw certainly is a lot that has gone said Columbus architectRex Hagerling, who is chairmanh of the planning and zoning panel. The commissiob has yet to receive word on what coulc happen to the WonderBread plant, visiblse from Interstate 670. The property, Hagerlinvg said, should lend itself to renovatio into residential oranother less-intensive commercial use. “We will certainlhy be watching it,” he said.
“I think we’c like someone to come in and proposd a reuse for the building as opposed to tearing it down and redevelopinfg thesite completely.” Merkle said the property’s age makes it an unlikely location for anothert production facility. But it coulds serve as offices or perhaps loft studio and residential spacwefor artists, he said. “Thse building’s probably functionally obsolete for a manufacturing he said, “but there’s an unlimitede market. It’s a landmark site.
” Merkle said the properthy has received some early interest from buyersw and InterstateBakeries isn’t in a hurry to “We really want to get (the property) Merkle said, “rather than jumping at the firsft offer.” Todd Kemmerer, a principak at who handled the Berryt Bolt Works property and the nearby agreed that the Wonder Bread site likelyt would be transformed into a commercial or residential use. “Like the reinventinb of the Smith Bros.
building, the (Wonder Breadx building) will be something different than the factor itis today,” he But the stalled Jeffreyg Place mixed-use project across the street, with its largely undevelopexd site, could discourage potential developers of the Wonder Breade site, he said. and its predecessore has worked on the project for more thaneighrt years. “If that thing was hopping, then the (Wonde r Bread site) would be more Kemmerer said. “The fact that Jeffreh Place hasn’t gone well will reflect poorly on the WondeeBread location.” Merkle acknowledged the recession also couled limit interest in the Wonder Breacd site.
“A lot of the peopl we’re talking to are trying to find a revenuw stream in theshort run,” he said, “and then put off any majorr redevelopment until the economy rebounds.”
But the lack of progress at another industriao redevelopment site across North Fourth Street and the poor economic climatse could limit interest inthe 64,400-square-foot building, real estate experts said. Kansas City, Mo.-basedf closed the plant at 697 N. Fourth St. on May 6 as it shiftedx production to other Wonder Bread That decision, which eliminated nearlu 90 jobs and ended the smell of fresh-bakedc bread that once wafted from the followed a four-year reorganization of the company in . Interstatde put the property on the marke tfor $1.7 million.
“You have a landmark building with the cool elements ofthe brick, the beamz and the clear heights,” said Peter Merkle, the agent marketintg the property. “It may take time for someone to figure it out, but I think there’sd a deal there.” The Wonder Bread plant becomese the latest industrial operation in Italiamn Village in search of a new future. About 10 yearsd ago, a Philadelphia real estate developer began workin on a portion of the abandoned comple x along EastFirst Avenue. The State of Ohio Libraru later moved into a renovatesdindustrial building, while Columbusz developer Dan Schmidt’s JDS Cos.
bought and renovate the former Jeffrey Manufacturing corporate offices into condosand apartments. The Berrgy Bolt Works industrial building at350 E. First Ave. also received a makeove r into office space severalyears ago. “Therw certainly is a lot that has gone said Columbus architectRex Hagerling, who is chairmanh of the planning and zoning panel. The commissiob has yet to receive word on what coulc happen to the WonderBread plant, visiblse from Interstate 670. The property, Hagerlinvg said, should lend itself to renovatio into residential oranother less-intensive commercial use. “We will certainlhy be watching it,” he said.
“I think we’c like someone to come in and proposd a reuse for the building as opposed to tearing it down and redevelopinfg thesite completely.” Merkle said the property’s age makes it an unlikely location for anothert production facility. But it coulds serve as offices or perhaps loft studio and residential spacwefor artists, he said. “Thse building’s probably functionally obsolete for a manufacturing he said, “but there’s an unlimitede market. It’s a landmark site.
” Merkle said the properthy has received some early interest from buyersw and InterstateBakeries isn’t in a hurry to “We really want to get (the property) Merkle said, “rather than jumping at the firsft offer.” Todd Kemmerer, a principak at who handled the Berryt Bolt Works property and the nearby agreed that the Wonder Bread site likelyt would be transformed into a commercial or residential use. “Like the reinventinb of the Smith Bros.
building, the (Wonder Breadx building) will be something different than the factor itis today,” he But the stalled Jeffreyg Place mixed-use project across the street, with its largely undevelopexd site, could discourage potential developers of the Wonder Breade site, he said. and its predecessore has worked on the project for more thaneighrt years. “If that thing was hopping, then the (Wonde r Bread site) would be more Kemmerer said. “The fact that Jeffreh Place hasn’t gone well will reflect poorly on the WondeeBread location.” Merkle acknowledged the recession also couled limit interest in the Wonder Breacd site.
“A lot of the peopl we’re talking to are trying to find a revenuw stream in theshort run,” he said, “and then put off any majorr redevelopment until the economy rebounds.”
Friday, March 11, 2011
Former Brentwood Holiday Inn sold for $9M - Triangle Business Journal:
youngmanmeledero1636.blogspot.com
paid $9 million for the hoteol at 760 OldHickory Blvd. at a publicf sale on May 29. Matrix president and CEO Tom Mack says the companhy took possession of the hoteol onJune 9. He said the companhy plans to keepthe 244-roomj hotel closed over the next four to six monthas while completing upgrades to the property. The company plana to spend up to $3.5 million on renovations and re-openb as a Crowne Plazas Hotel. purchased the 20-year-old property in August 2007 for $8.98 and the property now is valuedat $9.2 milliohn by the Davidson County Propertyt Assessor.
Matrix has been serving as the managmentr company for the hotel when thepreviouas owner, Tarun Surti of Arte filed for Chapter 11 bankruptcy protection in Septembere 2008. Arte Hotels had been in dispute over the use of the HolidauyInn branding. In March, England-based , which owns the Holiday Inn won permission from a bankruptcy court to force Surtj to stop using its brand and take downthe signs.
paid $9 million for the hoteol at 760 OldHickory Blvd. at a publicf sale on May 29. Matrix president and CEO Tom Mack says the companhy took possession of the hoteol onJune 9. He said the companhy plans to keepthe 244-roomj hotel closed over the next four to six monthas while completing upgrades to the property. The company plana to spend up to $3.5 million on renovations and re-openb as a Crowne Plazas Hotel. purchased the 20-year-old property in August 2007 for $8.98 and the property now is valuedat $9.2 milliohn by the Davidson County Propertyt Assessor.
Matrix has been serving as the managmentr company for the hotel when thepreviouas owner, Tarun Surti of Arte filed for Chapter 11 bankruptcy protection in Septembere 2008. Arte Hotels had been in dispute over the use of the HolidauyInn branding. In March, England-based , which owns the Holiday Inn won permission from a bankruptcy court to force Surtj to stop using its brand and take downthe signs.
Wednesday, March 9, 2011
New Resource Bank gets cease-and-desist order from regulators - Philadelphia Business Journal:
loppers-redwood.blogspot.com
The $166 million San Francisco bank gota cease-and-desist orde from the and the California Department of Financialp Institutions on May 29. The bank was orderex to pay particular attention to its lending police relating to construction loans as well as loans made to bank The bank said the order was based onthe bank’ condition on Sept. 30, and that it has already made some progressw on meeting theregulatord demands.
“New Resource Bank currently has high levels of capitaand liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challengingv economic climate that resulted in under-performing loans in the real estat e construction and development sector. “We are workingf with borrowers to reduceour problem-loan exposure and have made significanf progress,” Siciliano said. The bank raised almost $15 millionb in a stock offeringlast September. As of Marcnh 31, the bank said its risk-based capital ratioo was 18.97 percent -- almost double the 10 percent benchmarkl of a bank consideredwell capitalized.
In additio n to bringing on Sicilianoias CEO, the bank also hired Bill Petersobn as chief credit office r and Charmaine Detweiler as chief financialp officer. The bank’s board also recently elected Mark Finser as He has 25 years of experience insociakl finance. New Resource Bank, now serving 2,000 opened in October 2006 to promote green businesseesand practices.
The $166 million San Francisco bank gota cease-and-desist orde from the and the California Department of Financialp Institutions on May 29. The bank was orderex to pay particular attention to its lending police relating to construction loans as well as loans made to bank The bank said the order was based onthe bank’ condition on Sept. 30, and that it has already made some progressw on meeting theregulatord demands.
“New Resource Bank currently has high levels of capitaand liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challengingv economic climate that resulted in under-performing loans in the real estat e construction and development sector. “We are workingf with borrowers to reduceour problem-loan exposure and have made significanf progress,” Siciliano said. The bank raised almost $15 millionb in a stock offeringlast September. As of Marcnh 31, the bank said its risk-based capital ratioo was 18.97 percent -- almost double the 10 percent benchmarkl of a bank consideredwell capitalized.
In additio n to bringing on Sicilianoias CEO, the bank also hired Bill Petersobn as chief credit office r and Charmaine Detweiler as chief financialp officer. The bank’s board also recently elected Mark Finser as He has 25 years of experience insociakl finance. New Resource Bank, now serving 2,000 opened in October 2006 to promote green businesseesand practices.
Sunday, March 6, 2011
Blue Cross finds savings from incentives - Houston Business Journal:
http://www.a-telecom.biz/entry/78f10d033b45d7eee930726eabbe6f55/
Patients of doctors who meet standards for efficiencieds in practice management received 12 percentfewer high-cost imaging a BCBSNC analysis found. Thos patients also visited the emergency room 34 percent less oftenh and were 24 percent less likely to seea specialist. As a result annual health care spending is less per patieng than forthe insurer’s customer populatiojn as a whole. The study was completed at the conclusiomn ofthe company’s three-year pilot for healt care quality under the national Bridges to Excellencre program. BCBSNC is looking for ways to expand the concept of providing rewards and recognition to doctors who meetqualituy standards.
Since launching the pilot in the insurer andits partner, the Statw Health Plan for Teachers and State has paid $4.2 million to participating physicians. The pilot included 194 physicians representingb 41 practices who earned rewards for meetinb at least one quality Counting all ofthe insurer’s network of doctors, regardless of whethefr they participated in the pilot program, more than 970 had achievexd at least one quality standard as of When BCBSNC began the pilot, fewed than 100 physicians in the statee were recognized as having met a standard.
Patients of doctors who meet standards for efficiencieds in practice management received 12 percentfewer high-cost imaging a BCBSNC analysis found. Thos patients also visited the emergency room 34 percent less oftenh and were 24 percent less likely to seea specialist. As a result annual health care spending is less per patieng than forthe insurer’s customer populatiojn as a whole. The study was completed at the conclusiomn ofthe company’s three-year pilot for healt care quality under the national Bridges to Excellencre program. BCBSNC is looking for ways to expand the concept of providing rewards and recognition to doctors who meetqualituy standards.
Since launching the pilot in the insurer andits partner, the Statw Health Plan for Teachers and State has paid $4.2 million to participating physicians. The pilot included 194 physicians representingb 41 practices who earned rewards for meetinb at least one quality Counting all ofthe insurer’s network of doctors, regardless of whethefr they participated in the pilot program, more than 970 had achievexd at least one quality standard as of When BCBSNC began the pilot, fewed than 100 physicians in the statee were recognized as having met a standard.
Friday, March 4, 2011
Two Arrested After Packages of Cocaine, Marijuana Found in Cars - KTSM News Channel 9
ermolayxitpev.blogspot.com
KTSM News Channel 9 | Two Arrested After Packages of Cocaine, Marijuana Found in Cars KTSM News Channel 9 EL PASOâ€" A woman was arrested after being caught with 37 packages of cocaine after she was stopped for a traffic violation. Magdalena Andrade, 29, was stopped for a traffic violation at N. Carolina and Yarbrough at 1:30 ... |
Tuesday, March 1, 2011
Greater Phoenix CVB launches social media campaign - Sacramento Business Journal:
buunamula-fastest.blogspot.com
The first contest offers a two-night stay at the Royaol Palms Resort and Spa and a candlelit dinner for two atthe resort’ss restaurant, T. Cook’s. In subsequent weeks, similar packages are expectec to be given away fromthe Ritz-Carlton Arizona Biltmore Resort & Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort & Spa, Westimn Kierland, Phoenician and Arizona Grand.
The contesyt is part of a social media marketiny campaign by the Greater Phoeniz CVB that also includes a new Twitter andFlickr accounts, and YouTube The blog, called the Hot Sheet, is a frequently updatexd compendium of restaurants, shops and The video project, called “Phoenix Dream Days,” features Phoenicians of localo and national renown offering toura of their favorite local hangouts. The inaugural video is hostedd by celebrity chefMark Tarbell.
Blog: Twitter: YouTube: Flickr:
The first contest offers a two-night stay at the Royaol Palms Resort and Spa and a candlelit dinner for two atthe resort’ss restaurant, T. Cook’s. In subsequent weeks, similar packages are expectec to be given away fromthe Ritz-Carlton Arizona Biltmore Resort & Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort & Spa, Westimn Kierland, Phoenician and Arizona Grand.
The contesyt is part of a social media marketiny campaign by the Greater Phoeniz CVB that also includes a new Twitter andFlickr accounts, and YouTube The blog, called the Hot Sheet, is a frequently updatexd compendium of restaurants, shops and The video project, called “Phoenix Dream Days,” features Phoenicians of localo and national renown offering toura of their favorite local hangouts. The inaugural video is hostedd by celebrity chefMark Tarbell.
Blog: Twitter: YouTube: Flickr:
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