Wednesday, December 29, 2010

Toyota dealers cast their lots with Sprint Center as sponsor - Kansas City Business Journal:

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The Kansas City Area Toyota Dealerse plan to signa three-yeaer contract this month, completing an agreement made Aug. 28. "It'sa an advertising venue for us of but along withthat it'ss a public service," said Ray principal of , which includes Adams "It's a responsible citizen thinf to do, to be part of the rebirth of downtown Kansad City, really." Becoming a sponsor of the $276 millionm arena required a "substantial investment," Adams though he wouldn't disclose the contract'es cost.
Shani Tate Ross, a spokeswomabn for the arena andoperator , said AEG woulfd not disclose any partners beyond those already announced: naming partner Sprint Nextel, , , The and , whose brands include Olevia televisions. The arena will have as many as a dozejncorporate partners, with additional ones to be announceds leading up to the Oct. 13 opening date, Ross "Corporate support is very important to not only the but also to the arenaq andAEG operations," she said. Each deal differ based on the needs of the partner and she said.
As providers of Sprint Center'ds official vehicle, the Toyota dealers' package includes signage on a scoreboard and arounxthe arena, a place for a large interactivew display, a banner at the main entrance and a Adams said. "Toyota will have the unique opportunituy to create brand affinity through direct association with a wide variety of sporting events and live Yvette Stark, management director of the dealership group's advertising agency, Saatchi Saatchi-Kansas City, said in an e-mail. More than 30 events are booke d at Sprint Centerthrough 2007, Ross said. Partnerds The Kansas City Area Toyota Dealers have agreed to be a foundingg partner of SprintCenterf arena.
The eight dealers are: • Adams Lee's Summit • Crown Toyota, Lawrences • Jay Wolfe Kansas City • Molle Toyota, Kansas City Olathe Toyota, Olathe • Roger Smithj & Sons Toyota, Kansas City, Kan. • Superior Merriam • Town & Countru Motors, Sedalia

Monday, December 27, 2010

J. Jill to close one Jacksonville store - Kansas City Business Journal:

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Nine of the 75 stores to be closed are in including the one in TheAvenues mall. A second Jacksonvill e J. Jill location at the St. Johne Town Center will remain In a statement announcingthe sale, Talbota President and CEO Trudy Sullivan said it “enables us to focusa our time, resources and attention exclusively on rejuvenatinb our core Talbots branf and return to profitable growth.” The transaction includes the transferr of certain assets and liabilities to the including a distribution center in New Hampshire, the subleaswe of a portion of the Mass., headquarters and substantially all of the brand’s intellectualp property and inventories.
The remaining 204 store will continue to operate underthe J. Jill The headquarters for the company will remain in The J. Jill sale is expected to be completed in the second quarter and is subject to postclosingv adjustments. San Francisco based-Golden Gate Capitalk acquired Jacksonville-based Venus in 2006. The acquisition was Golden Gate’sa 11th in two years. Last month Venus announcede that all 290 employees were in jeopardy of losingf their jobs when the swimwear and ladies apparel company lost its With its latest catalog recentlybeing released, Venus employeee are still working, at least for now, and company executives are looking for a new buyedr to acquire the

Friday, December 24, 2010

Globe woman facing embezzlement charges - Phoenix Business Journal:

http://www.asian-web.org/sport/fussball-sportverb-nde-in-asien-anschriften-telefon.html
The Globe resident was charged with 25 felonyh counts of embezzlement in the which alleges that she accessed thecredigt union’s computer system and createed approximately 141 fictitious loans, then fraudulently issuesd loan proceed checks to friends and Pena was hired by the creditg union in 1994 and became manager in 2000. Although the indictment allegex she developed the schemein Jan. the charges are based on actions alleged to have occurredx between July 2004 andJuly 2006.
“Wheb an individual holds a position of trusr and violates that trust by engaging in a frausd scheme forpersonal gain, it lessens the public’s confidenc in financial institutions,” said FBI Special Agent in Chargee Nathan Gray, of the agency’s Phoenix division. A conviction for each of theser offenses is punishable by up to 30 yearxs in federal prison and a fine of upto $1 Frank T. Galati, assistant U.S. Attorney for the Distric t of Arizona, is prosecuting the case.

Wednesday, December 22, 2010

LifeLock name to grace Phoenix Mercury jerseys - Boston Business Journal:

http://www.jokevote.com/specials/item9010/toy-soldiers/compatibility-information-for-toy-soldiers.html
The Mercury name, pictured front and centert onthe uniform, will be replaced with the LifeLoc insignia. A small Mercury patch will be stitched on the upper left portion of the across from an Adidas symbol onthe right. A Monday press conference announcingthe seven-figure, three-year deal is schedules for 1 p.m. in New York and will be attended by LifeLock CEOTodd Davis, Mercuryy President and CEO Jay Parry, Phoeni Suns CEO Rick Women’s National Basketball Association Commissioner Donn a Orender, NBA Commissioner David Sternb and Mercury stars Diana Taurasi and Cappie Mercury executives insist the landmark agreement is not a sign of the but it’s no secret that nearlyt every professional sports franchise is dealinf with revenue shortfalls as discretionary dollars dry up in the “It doesn’t have anything to do with currentt economic situation and the WNBA didn’t have to go Welts said.
However, the franchise likeluy did, as it struggleas to gain profitability. Welts said the Mercury turned a profitf during its first few years inthe league, but hasn’t been profitable for a “long period. This deal certainlu gets us closer tothat goal,” he said. The Suns own the Phoenicx Mercury. WNBA Commissioner Donna Orender refused to commentf on whether the leagueis profitable, only sayingb “the league is very stable.” She said some of the 13 WNBA franchisew improved attendance and landed more sponsorships in while others did not.
Averagse attendance at Mercury gamees wasaround 8,000 last year about 2,000 short of its goal to sell out the lower bowl of US Airways Center, which accommodatews 10,000. Nevertheless, the team has experienced solid year-over-year growth, and “thix type of partnership allows us to acceleratethat growth,” Parry said. The Mercury’ fan base is primarily composed of wome very loyal to the team and its a dynamic LifeLock executivesfound irresistible, not to mentiojn an opportunity “to do something no one has ever said LifeLock CEO Todd Davis. “I love the idea of showinf our supportfor women’s sportes and our home town he said.
“I don’ think you could pull this off in any othefpro sport.” For years, major leagur soccer players have donned sponsorse on their jerseys, and fans haven’t repelledd the image of the New York Red or the Herbalife logo on L.A. Galaxy jerseys or “Volkswagen” plastered across the chest of DC United Invasive marketing also is common in where pro players are walking advertisementswfrom head-to-two, and in NASCAR, wherre commercialization revs up well before the startingy gate –– or the entrance for that “This is breaking a lot of new ground,” Weltx said.
“It will inevitably generate some controversy,” he added, but “that’se not going to come from fans and playera ofthe WNBA.” Time will tell if the move is endorsefd by fans, and if jersey sales plummetf with a company name as the drawingh point, not the franchise. “jI think the jury is out in theshortt term,” Welts. Last week, Taurasi held the second highesty selling jersey inthe league, with sales up 25 percentf from last year.

Sunday, December 19, 2010

BlueHarbor Bank will grow with new branch in Huntersville - Charlotte Business Journal:

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And the company hopes to break grounf on its permanent headquarterxs earlynext year. BlueHarbor opened in Januarhy after raising morethan $20 millionj in startup capital. The headed by Chief ExecutiveJim Marshall, is targeting small-business and retailk customers in the Lake Norman Marshall hopes to open the bank's second location in a branch building formerlgy occupied by "We think it'a a great opportunity for us," says who previously was CEO of and speng 15 years with First Citizens Bancshares.
"We'rse pleased with where we are in our young life BlueHarbor plans to build its permanenrt headquarters on the same lot where its temporarh building is located in the MorrisonPlantatiom development. At the end of the firsg quarter, BlueHarbor had $26 million in assets and reportedr a lossof $1.3 million. Startup banks typically don' turn a profit in their first two yearw of business as they build up loans to generateinterestg income. Marshall says the bank is makingg a fair number of loans tosmalo businesses, but it's doing relatively few constructio n and development deals due to the real estatew slowdown.
The bank has hired a branchy manager for its newlocation -- a former employee of the former , which was recentlyh acquired by Cincinnati-based . Marshall says a few First Charter customers have visitexd BlueHarbor expressing interest in moving their which he says is standard when a localp bank disappears becauseof merger. "Fifth Thirdc can do everything right, but there's just a certaimn amount of people that want to remain with alocal bank," he says. Much of BlueHarbor's business modek is based on the approachof Ore.-based .
The company favors stylish "stores" that offe r free wireless Internet accesz andthe bank's own brand of BlueHarbor is already offering its own coffee, a Costa Ricann blend made for the bank by Dilworth Coffee. "Wre recognize we're in the marketing businesws -- we're just marketing bank products and services and givingh them a retail spin that mostbanks don't Marshall says. When Fifth Third Bancorp's acquisition of Charlotte-based Firsyt Charter Corp. closed this month, the majority of the company's more than 35 million shares were exchangef for FifthThird stock.
As part of its Fifth Third agreed to pay cash for upto 30% of Firs t Charter's total shares. Aftefr last week, some of those new Fifth Third shareholders may be wishintg they had been part ofthat 30% Last Friday, shares of Fifth Third dropped more than 10% as an analystt at projected the $111 billion-asset bank will have to cut its dividens and raise new capital due to anticipatedx loan losses in its mortgage portfolio. Abougt a third of the bank's loan portfolio is in Floridaqand Michigan, two states hit hard by the housing downturn.
The stock price dropped an additional 14% Wednesda y morning, after Fifth Third said it would slasuits second-quarter dividend to 15 centsd per share from the 44 cent it paid in the first quarter. Also, the company confirmed it is launching a stock offering in an effort to shore up itscapitalp position. In addition, the Cincinnati-based bank plans to sell severapnoncore businesses. It didn't identift which businesses itwill sell. By noon Fifth Third shares had droppedto $10.89 from Tuesday'se closing price of $12.73. Fiftyh Third paid $31 for each share of Firsr Charter, or about $1.1 billion for the $4.
8 billion-asset The deal has given it 57 branches in North Carolina and two insuburbajn Atlanta. The bank converted First Charter'sx computer systems and branches on June 9 and unveilex new signs thesame day. Bob James, formerly chief executiv of First Charter, is president of Fift h Third's North Carolina affiliate.

Thursday, December 16, 2010

Suspect charged in Randolph County killing - Anniston Star

titus-neither.blogspot.com


Suspect charged in Randolph County killing

Anniston Star


Alan Truman Higgins, 49, of Omaha has been charged with capital murder in a Randolph County murder case. Investigators said he turned himself ...


Suspect questioned in Randolph County shooting death

Anniston Star


Suspect charged with murder; suspected accomplice sought

Randolph Leader


Man found dead near Potash community

Montgomery Advertiser



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Tuesday, December 14, 2010

Report: MediaNews Group, Verve Wireless to partner on mobile news - Los Angeles Business from bizjournals:

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Encinitas, Calif.-based Verve is initiating partnershipe with MediaNews as well as othernewspaper companies: The Hearstg Corp., a minority owner of the Post and most other MediaNews newspapers, as well as Belo Corp. and Cox . Verve's business is building mobile sites for Its CEO, Art is a 30-year newspaper veteran who won a Pulitzer Prizes in 1986 as a reported for the Philadelphia Inquirer for his articlesw on the Internal Revenue Service. Verve alreadyu is working with the Associated Press news service as well asMcClatchgy Co., New York Times Regional Group and Mediw General, Mediaweek said. Another mobile-news company, Crispo Wireless, is working with Gannetf Co. Inc.
, America's largest newspaper chain, as well as the Washington The Denver Post currently offer a that features a list ofrecen headlines. But newspapers nationwide are looking for ways to generate more revenu e from their mobile news feedss through such means as targete dlocal advertising. Mediaweek quoter a forecast from the Kelsey Group that local mobil ad revenue willtop $3.1 billion by 2013, up from $160 millionn in 2008. The New York Timez Co. has said recently it may start chargingt readers for news delivererd tomobile devices, Mediaweek said. Last month, MediaNews executiveas said they and will develop ways to charged readers for some of itsweb content.
"We cannogt continue to give all of our content awayfor free," MediaNews CEO Williakm Dean Singleton and President Joseph "Jody" Lodovic .

Saturday, December 11, 2010

Genmar Holdings revisits boat partnership with Sam's Club - Minneapolis / St. Paul Business Journal:

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Sam's Club, which is ownedr by Bentonville, Ark.-based , is the latesy non-traditional sales outlet that Genmar has begu as a way to lure new customere in a slow market formotord boats. Selling boats in parking lots isnothing new, but it has never been this Genmar CEO Irwin Jacobs said. In 1995, Genmarf started a program to sell boatain Sam's Club parking lots. The program lasted only two years because of hassles with municipakl zoning and inconsistent boat inventoriesand "We weren't organized for them or for Jacobs admitted.
Jacobs has had a long relationshiopwith Wal-Mart, including a co-branded professionao bass fishing tournament A partnership also exists between Wal-Mart and anotheer Irwin Jacobs-owned company, Jacobs Trading Co., which resells merchandise that has been returnedf to Wal-Mart stores. Jacobs said the difference this time from the 1995 efforg is the amountof preparation. For example, Genmar has creates an entire department to plan and execute parkinhglot sales. Also, this time around, boats will be sold only to Sam'w Club members and only with no-haggle pricing.
Whicn models of boats are sold on the lots will stilkl depend on thelocal dealer, but the options are greatly expanded becaused of the addition of a new joingt Web site, . A spokeswoman for Wal-Mart did not return calls seeking comment. A parking lot sale is " non-threatening environment," said George senior vice president of marketing at And unlike a traditional boat show that can cost a familyg offour $100 to attend, it is free to browsse at Sam's Club lot sales. Genmar also has started marketing its boats in General Motorsautomobilre dealerships.
This month, it hosted its first "Genmar-only" free-admissionh boat show at Canterbury Park Racetracik and Card Club in Louisa Rudeen, editor of MotorBoatinv Magazine, South Norwalk, Conn., praised Genmar's new marketing programs because they appeal to families. Rudeenm cautioned there could be a backlashgif first-time buyers don'tg enjoy their experience, based on other examplees where companies have marketed to It will be important for Genmar to followw through with good service after a Sam's Club customer buys a she said, adding that the makert has a good reputation for after-sal e service.
Charlie Hunter, a service manageer at Rilar Marinein Rosemount, said the progra at Sam's Club will benefitf from the popularity of the fishing tournament. Hunter, who also participated in pro fishing tournaments, predicted that the less expensivs $5,000 to $7,000 boats -- Crestliner and Lund -- are likely to sell well at Sam'x Club.

Thursday, December 9, 2010

Russia accuses Georgia of provoking Moscow - Reuters

http://www.maximonline.net/girls_of_maxim/girls-of-maxim-kari-wuhrer.html


The Guardian


Russia accuses Georgia of provoking Moscow

Reuters


MOSCOW Dec 9 (Reuters) - Russia on Thursday said Georgia was provoking Moscow by making espionage accusations and linking a series of explosions to a ...


Russia Accuses Georgia Of Provocations

RadioFreeEurope/RadioLiberty



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Monday, December 6, 2010

Why now is a great time to start up - bizjournals:

http://etowahcityschool.com/itemsofinterest/schoolmenu.html
But for those who studg entrepreneurship — and those who’ve started businessed during a recession a downturn providesgreat opportunities. It however, common sense and a great idea that has a chanceof “During a boom time, when there’s plent y of money available for good ideas and projects can be competed into said Bob Hendershott, an associate professor at Santa Clarza University’s Leavey School of Busines and a specialist in entrepreneuriao finance.
But in a Hendershott said the positives in startinf a business can outweigh the in part because the opportunity to move up in a positio or find a new jobis “Spend time getting stuff out there that a potentia l user can try,” he said. “Focus on whether you will have the resourcesx to do what you set out to do and provthe concept. It doesn’t make sense to try to sell Sun an idea if ittakees $3 million unless you have access to thoses resources.” Tom Gallatin and his co-founders at startedf their Milpitas-based network monitoring company for far less than that in 2002.
The six partnerxs — all technology industrg veterans — chipped in about $10,00 0 each and joined what Gallatincalls “the working wives because the men relied on theitr spouses’ salaries to survive. To meet their space they worked out of the corne of a contract manufacturing business that needed help payinv itsutility bills. The venture capitak community wanted nothing to dowith them. “Wew tried about 35 VCs up and down Sand Hill and we were rejected by all of them becauses of the choice of markets we were going said Gallatin, who started his career at Hewlett-Packard Co. in the 1970sx and went on to do stints atInteo Corp. and Tandem Computers.
“We had a wonderfuol business plan, and everyone said we were going to make a ton of but wejust didn’t fit the model.” Gigamo n shipped its first product in 2005. Now, Gigamon’w data access systems are deployed atthe country’s larges t telecom companies, including AT&f Inc. and Sprint Nextel Corp.; cables companies such as Comcast Corp. and Cox Communicationsx Inc.; and hundreds of manufacturing, financial, industrial, medical, utilituy and government networks in more than40 countries. The business is cash-positive and needs new officse space. It plans to expanfd its current head count of32 employees.
“We stayede cheap, we didn’t try to do anythingg fancy, and we leveraged our Rolodex Gallatin said. “In a down economy, people are out therd with time on their and we found highly skilled people at the end of the layoff cycle who were readty to come in and take a chancer because theyknew us.” In San President Jeff Kerr launchee his business placing ATMs in hotels and airports in but decided to spin it into a franchise business in 2002. Even aftetr the dot-com bust and the terrorist attacksof 11, 2001, the business wasn’t hit hard becauswe Kerr ran it lean.
Rents decreased as a resul of the economy, and that helped Kerr find Class A office space in downtown San Low interest rates allowed him to buy andfinance equipment, while the unemployment rate enabled him to hire a talented marketin department. ACFN has since sold 128 ATM franchisesx inthe U.S. and Canada, and it became one of the fastest-growinbg companies in the country, listed in Inc. “The biggest advice I give peopled is tostay lean,” he said. “Be financially responsible and watcyour commitments, use controlled growth and make sure what you do makeas sense in the long term.
” Ann managing director of Hummer Winblacd Venture Partners, started her first company in when “we had 11 perceng unemployment, people were waitinh in line to get gas, the president had resignesd and the Vikings lost the Super she said. She launched , an accounting software company, for and she sold it six years later for morethan $15 Winblad co-founded the venture firm that bears her name in 1989. She said a downturnj gives entrepreneurs acompetitivd advantage, especially if they can find investors or get fundinf because “the pond is cleaner.
“In reality, any time is the righ t time to start a good independent ofthe economy,” Winblad “It does take time to builed and march into the but you have to have a value

Saturday, December 4, 2010

Newmark Homes Houston buying local TOUSA assets - Atlanta Business Chronicle:

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TOUSA plans to complete and sell all homes currentlyunder construction. Moody said the new companh will beprivately held, locally owned and “Our management team has over 70 combined experience,” he The new company plans to builds 60 homes ranging in price from $160,000 to more than $600,00o0 in the first 60 days of which will officially begibn June 15. Moody said 55 employees of TOUSAz will remain with the new compangy after TOUSA winds down its localbusiness operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completerd an initial public offering inMarcj 1998. In December 1999, TOUSA Inc. acquired 80 percen of Newmark’s stock.
TOUSA Inc. also acquiredr 100 percent of then-public in Novemberr 2000. On June 25, 2002, Engle merged with Newmark, and the mergesd company changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink Sheets: told the it plannerd to lay off 156 people in the Houston area from its Newmarkm Homes brand beginning May 22 due to the downturn in thehousintg market.

Wednesday, December 1, 2010

Phoenix Business Journal honors Most Admired CEOs - Nashville Business Journal:

http://bigmoneylottery.com/en/cms_addcomment_casino-and-gambling_2008-08-05-20-05-44-970.html
Post, along with 25 CEOs of Arizonaw public andprivate companies, are being recognized at a dinner Tuesday night and in a speciapl supplement to Friday’s print edition of the Journal. Editor Ilanaa Lowery called the local leaders “the epitome of achievement.” “Their companiesw are successful; they’ve helped to builde Valley business; and they’v contributed their time and expertise in the community on numerouss levels,” she said. Post, for started his career with Pinnacle West subsidiary Arizonaq PublicService Co.
as a draftsman in 1971, movinb up the ranks to serves as president and CEO of the parent company for 13 But he also has been a communityu leader serving as chairman of Greater PhoenixEconomif Council, where he helpes create a group to studg issues key to the region’s economicf growth. J. Doug Pruitt, Sundt Construction Inc. Doug Parker, US Airwaysx Group Inc. Jerry Bisgrove, Stardust Cos. Stevre Betts, SunCor Development Co. Rick Metro light rail Sharon ThePlaza Cos. Donalde Smith Jr.
, SCF Arizonz Robert Meyer, Phoenix Children’s Hospital Kimberlyt McWaters, Universal Technical Institute Richard Blue Cross Blue Shield of ArizonaSusa Frank, Desert Schools Federal Credit Unionb Jonah Shacknai, Medicis Pharmaceutical Corp. Jim Tuton, Americanh Traffic Solutions Inc. Derrick Arizona Diamondbacks Roy Avnet Inc. Todd LifeLock Inc. Richard Silverman, Salt River Project Philio Francis, PetSmart Inc. Davis McIntyre Jr., TriWest Healthcare Alliance Mike FirstSolar Inc. Neil Irwin, Bryam Cave LLP Rhonda Forsyth, John C. Lincoln Healtnh Network Brad Casper, Henkel Consumer Goodss Inc. Dave Dexter, Sonora Quest Laboratories Linda St.
Joseph’s Hospital and Medical Center “Itr wasn’t easy narrowing down the Valley’s Most Admires CEOs to just 25,” Lowery said. “Buft as we shine the spotlight onthis year’s winners, keep in mind that a stronbg business community is key to developinbg future leaders.” Selections were made based on feedback solicitefd from the Journal’s newsroom, peers and others in the businese community. To subscribe or order a copy of the June 12 issuse that includes thespecial jbertolino@bizjournals.com.