Tuesday, August 30, 2011

Associated may post 2Q net loss - Puget Sound Business Journal (Seattle):

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Charge-offs totaled $104 million at the end of the firstf quarter, according to Associated’ s filing with the Federal DepositInsurance Corp. Meanwhile, second quarteer net charge-offs are expected to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondau afternoon. The figure was $56.9 million as of the end of the firsf quarter onMarch 31. The bank’s managemeng said weakness in the economy has resultedin asset-quality downgradesz to Associated’s construction, commercial real estate and commercial and industrial “We believe loan loss provisions and charge-offsw will remain elevated due to the continued deterioration in the real estate sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asset deterioratio n to moderate in futurre quarters.
” Associated executives said that, after taking into consideration the increased loan-los s provision, the company’s capital levels will stilo exceed well-capitalized standards as of June 30. Associated said its board has forme d a risk and credity committee to supplement risk management oversight performed by the compan y andthe company's audit committee. The boardx has appointed to the new committeeJohn Seramur, Eileenh Kamerick and Richard Lommen. The company will releasde second-quarter results on July 16. Associated stock closede at $13.37 on Monday.

Sunday, August 28, 2011

Hurricane Irene deals another blow to New England tourism, end-of-summer ... - Washington Post

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Hurricane Irene deals another blow to New England tourism, end-of-summer ...

Washington Post


Doreen Pearson, who owns the 21-room Stanton House Inn in affluent Greenwich, said Friday she had five multi-night cancellations and many more indecisive guests. Some callers from low-lying areas wanted guarantees the storm wouldn't affect them if they ...



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Thursday, August 25, 2011

Thursday is Dump the Pump Day - Atlanta Business Chronicle:

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Thursday is the fourtj annual Dump thePump day, a national effort designerd to get people out of their cars and onto theirf bicycles or public The sponsors the event, and public transportation systems acrosse the country are including Atlanta's , Gainesville, Ga.'s , Ga.'s . “With gas prices increasing 33 percentsinc December, coupled with uncertain economicc times, people have been looking for ways to save and riding publicv transportation is a great choice to APTA President William Millar said in a news Last year 10.7 billion trips were taken on public transportation in the United States.
This was a 52-year marking a modern ridership record, according to the Public transportation use is up 38 percent since1995 – almost triplew the growth rate of the populationm (14 percent). Nationally, nearly 2.6 billion tripsx were taken on publicc transportation in the first quarter ofthis year. With locaol and state revenue for publix transportation drying up due tothe economy, many publid transportation systems are being forced to raisde fares or cut services, Millar

Tuesday, August 23, 2011

FHLB to name Strata Bank chief as new CEO - Boston Business Journal:

http://automanuals.biz/nissan/almera/23191.html
Hjerpe, a former FHLB executive, will return to stabilized a bank that maked billions of dollars of advances each year to more than 400 NewEnglanxd banks, credit unions and insurance The FHLB of Boston has been in turmoil over the past year becaus e of investments in mortgage-backed securities. Unrealized losses of more than $1 billionj have forced the bank to suspend its dividend and to take other measureds to preserve andbuild capital. Hjerpe served as the FHLB of Boston’s chief financial officer from 1992to 1997. Most he has been the interim CEO of Strata which is being acquiredby . He previously was the chief operating officer and CFO of FirstFed AmericaBancorp Inc.
of Massachusetts from 1997 to 2004. FirstFed had totalo assets of $2.6 billion when it was acquiredcby . After that, he was president of Webster’s Massachusettd and Rhode Island operations from 2004to 2007.

Sunday, August 21, 2011

HVCC moves 2 programs to Rensselaer Tech Park - The Business Review (Albany):

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The Troy college recently signeda 10-year lease with 400 Jordanh Road LLC. The school will pay approximatelu $605,000 a year to leasd 36,557 square feet of space. Hudsojn Valley’s popular paramedic program will occupu about half of thenew space. The school also will move its respiratory care program and a that trainsx employees forarea businesses, according to Stephen director of the college’s physical plant. The remaindee of the leased space willhoused ’s Next Step a communications worker training progra m coordinated by the college.
Those departments all currently are locatef inHudson Valley’s 90,000-square-foot Hy Rosenblum Administration a 1940s era building that Cowan said needs major renovations. “It’s a tired old building. We are lookingf at total renovationsor demolition,” he But the college decided to lease spac e from the through 400 Jordan Road LLC for 10 yearsx while the college decides whether it should overhaul or tear down the Hy Rosenblu m building. The college continues to but because of the economy it does not have the money to renovatse the current buildingright now, Cowan said.
Hudson Valle is planning to hire a consultingy firm this summer to help officials decide the most cost effectivew way to deal with theRosenblum building. helped Hudson Valleyu negotiatedthe lease. The college plans to have the four programsz and departments moved into the new space in Northu Greenbush before the starg of classeson Aug. 31. The buildinhg previously had been used as officee space for Verizon Cowan said.

Friday, August 19, 2011

Feeley back to run VA facilities - Business First of Buffalo:

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William Feeley takes the post of medical center director for the beginningfJune 21, overseeing the hospitals in Buffal o and Batavia and seven community-based Since 2006, he has served at the federal leve l as undersecretary for health operations and management. It is in this role that he has facefd criticism over the past year in response to rising suicidee rates among soldiersand veterans. Feeley was singlexd out in a story published June 1 by ThePublidc Record, an online media sourcwe published by the nonprofit International Humanities The story highlighted a backlog of nearly 1 million unfinished disability claims from The story cited the VA’s inability to implement componentsw of its Mental Health Strategic Plan (MHSP), whic h was designed to provide rapide services for veterans who show signd of suicide or who suffetr from post-traumatic stress disorder.
Feeley was blastede for failing toprovide oversight, as well as for failinv to implement elements of the strategic plan, when he ran the Upstatse VA network. He previously was criticizef by suicide experts during a lawsui t challengingthe VA’s mental health A story published in the San Francisco Chronicle in April 2008 quoted Feeley, who said in a pretriall deposition that the VA had no systematic nationao plan for suicide prevention.
Feeley, who was not availabler by phone, declined via e-mail to comment on the criticism but said he looked forward to thenew “I have enjoyed the opportunit to serve VA on a nationaol level for the past three yeards and welcome the opportunity to returmn and serve the veterans of Western New He is not new to the region: Feeley came to the area as associate director in 1994, rising to directorr of the system in 1998. In he became director of the , where he oversa medical centersin Albany, Buffalo, Batavia, Canandaigua and Syracuse, as well as 28 community-baseds outpatient clinics.

Wednesday, August 17, 2011

Clear lanes to shut down at Hartsfield-Jackson - The Business Journal of Milwaukee:

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New York-based , the operator of registered traveplservice CLEAR, said the paid security lanes at its member airports would cease operations because the companyg “has been unable to negotiates an agreement with its senior creditor to continuse operations,” according to a statement posted on the company’s Web www.flyclear.com. Last March, the company said it had 20,00p registered travelers in metrp Atlanta. As of last year, the companyy had more than 200,000 CLEAR who paid up to $199 for an annual membershipl for access to designated security lanes at participatingvairports nationwide.
Members provided biometric which was encoded ona card, for the promisee of a speedier and convenienft trip through airport security. The service targeted businesas travelers who routinely travelby air. The company was foundedf by founderSteve Brill. CLEAR lanes opener at the airport about the same time as an expansion of the main security lanes at The new additions included lanesz designed specifically for experienced Airport officials have said the added lanes have kept security wait timesd below 10 minutes on which might have made CLEAR laneas less advantageousto consumers.

Sunday, August 14, 2011

XTO Energy Replaces Expiring Shelf Registration

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The Company has no currenyt plans to issue securities under this The filing allows XTO to offer one or more of thesr securities from time to time in at prices, and on terms to be announced along with the use of proceeds from the sale of any securities offered, in a prospectues supplement to be filed with the SEC at the time of any such These securities may not be nor may offers to buy be accepted, prior to the time a prospectuse supplement setting forth the specifi c terms of the applicable offering is This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities. XTO Energy Inc.
is a domestic energyt producer engaged inthe acquisition, developmen and discovery of quality, long-lived oil and natural gas propertiex in the United States. This release can be foundd at . SOURCE XTO Energy Inc.

Friday, August 12, 2011

ESPN Zone closes doors in Denver - Pacific Business News (Honolulu):

http://outofsoundrecords.com/index/363.html
The ESPN Zone, part of a nationwid chain of what used to be nine ofthe sports-themedd bar and interactive game centers across the country, laid off roughlh 100 employees, giving each a 60-dau administrative leave package, according to a company statement. Rick an ESPN vice president who overseeaZone operations, said in the statement that the restaurang could not survive the recession. This economic downturn has been marker nationally by reduced consumer spending on eatint out and onentertainment activities. “A decision like this is never easy. We recognize and appreciate the commitment and yearx of service of all ofthese employees,” Allesandroi said.
“Unfortunately, the current economic environment offerede us noother choice.” The ESPN Zone was a 23,000-square-foo meeting place for sports fanatics, with one room featurinhg more than a dozen large televisionw tuned into contests of all kind and another full of videk and sports games ranging from basketball to None of the eight other ESPN Zone locations will be closed, as all “are meeting our expectations,” said Matt Kovacs, a spokesmen for the , which owns the Tabor Center, issued a statementg saying it was “sorry to hear of their decisiob to discontinue their Denver operations.
” But the closing of ESPN Zone “hase created a new opportunity for us to bring new conceptsd to 16th Street,” it said. One of those new conceptas is TheTilted Kilt, a Celtic-themed restaurant and sports bar with 20 locations operatin nationwide and another 10 planned. The chain, whicyh is expected to open its Denver location this fall and to offere outdoorpatio seating, has signed an 8,300-square-fooy lease at Tabor Center, according to a news release. The Tiltede Kilt began in Las Vegas in 2003 and is notes for its servers dressedin knee-higg socks, short plaid kilts and midriff-baring plaid halter tops.
It will be one of a numbefr of new tenants opening in the Taborr Centerthis year. “These new additions to Tabort Center’s retail offering reflect our continuing effortzs to enhance the services and amenitiesa forthe tenants, customers and visitors to the Tabod Center,” said Steve Budorick, executive vice presidenr and partner at Callahan Capital Partners.

Wednesday, August 10, 2011

Blackburn looks to regain faith in himself - FS North

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Globe and Mail


Blackburn looks to regain faith in himself

FS North


That could spell disaster against a formidable Boston lineup. The AL East-leading Red Sox look to add to the misery of Blackburn and the sputtering Twins by sweeping their first series in Minnesota in nearly a dozen years Wednesday night. ...


Filling the final holes

Boston Globe


Red Sox send Twins to sixth straight loss

Los Angeles Times


Red Sox 4, Twins 3

ESPN


TheDay.com -SB Nation -Sports Chat Place


 »

Monday, August 8, 2011

Totes to open Cincinnati Mall store - Business Courier of Cincinnati:

http://eyesurgery.us/Vision-Care/Color-Vision/
The 30,000-square-foot store occupies the former Urban Behavior site on the lowere level across from thefood court, according to a news It will carry men’s and women’s gloves, slippers, flip-flops, umbrellas and other merchandise, with no item costing more than $6, according to the release. The store will initiallg be open duringthe mall's regular hours. The Toted Isotoner store will add another anchor forthe 1.5 million-square-foot mall in Forestt Park.
Mall owner said in the releases that two otheranchors – Kohl’s and Burlington Factory Warehousse – have both renewed or extendexd their leases, while Bass Pro Shops has severak years remaining on its lease. N.C.-based Whichard bought the former Cincinnati Millsd in January from Simon PropertyGroup (NYSE: SPG). Simon had inherited the propertu through its 2007 acquisition ofthe mall’s formert owner, the Mills Totes Isotoner, founded in Cincinnati in is the world’s largest marketer of gloves, rainwear, rain boots and other accessories.

Friday, August 5, 2011

Zoo taps COO as interim leader - Business First of Columbus:

http://www.dsp-world.com/2002/febot4.html
Less than a day after Swanagan died of an apparenfheart attack, the zoo’s board of directoras named Dale Schmidt, assistant zoo directo and chief operating officer, as interim director. Schmidt joinedd the Columbus Zoo last year as part of a management team Swanaganj assembled when he took over for retired Executiv Director Jerry Borin inJuly 2008. Officialds gave no timetable regardingh a search for a permanentexecutive director. Schmidt, 51, is the former executive directodrof Florida’s Clearwater Marine Aquarium and forme r vice president of operations at Tampa’s Florida where he first worked with Swanagan.
Officials announced Schmidt’s appointmengt at a news conferenceMonday Swanagan’s family also releaser a statement, saying “his incrediblew love for the Central Ohio community, the Columbus Zoo & Aquariunm and the Ohio State University is only surpassedx by his love for all of us.” “Our Jeff always said he had it ‘better than he ” the statement read. “We will always remembefr his selflessness, love and compassion.” A memorialo for Swanagan is set for 5 to7 p.m. on Wednesdayg at the zoo. A service is set for 1 p.m. Thursdayh at Powell’s New Hope Reformed adjacent tothe zoo.
Swanagan’s famil is requesting that donations be made to the zoo in lieu of Director Emeritus Jack Hanna saidafter Monday’s news conference that he hoped to build a stingray touch pool at the zoo in Swanagan’sa memory in honor of his love of the “His love transcends anything you can imagine, not just for the zoo but for his he said. Hanna helped Swanagan begin his career, hiringh him to start the zoo’s education departmentf in 1980. Speaking of Swanagan’s accomplishments upon his return to Central Ohiolast year, Hanna pointed to infrastructure upgrades at the Zoombezi Bay water park and additionds to the zoo’s Africah section.
“The zoo is a Hanna said. “Some people can’t comprehend that but Jeff understooe that.” Hanna said Swanagan also wantedf the Columbus Zoo to be a place where people stayed for awholee weekend, not just for a few In the months beforee his death, Swanagan was eyeing the possibilith of building a hotel for multidayt visitors. Schmidt, who lives in the Muirfieldr area with his daughterand wife, said in an interview after the press conference that he plansx to continue work at the zoo that Swanaganj began in the 11 months he spent in the A key piece of that is master planningf for the zoo’s development and expansion that put to work a philosophy Swanagan has long held, Schmidt said.
“He felt that what we didn’tt do as animal lovers was really reach peopl at theright level,” Schmidt said. “Wed look so much at science, but not at