ukatekexo.wordpress.com
The Santa Fe-based venture firm invested $1 milliohn to acquire a bankrupt fresh-green and dried-rede chile plant that it plans to convert intoa frozen-green-chilwe processor, said Managing Partner Les Matthews. The conversion will cost anothetr $1 million, but Matthews said the rapidlygrowingb spicy-food market makes it an attractive investment. "W see a big growth opportunity in the Hispanic foodsectoer nationwide," Matthews said. "Frozen green chile from New Mexicoi is avery sought-after item in restaurant chains and food brokeragd firms. It's got a lot of marketf potential.
" Mesa acquired the old plantt -- which included two 20,000-square-foot processinyg facilities -- at a substantial discount from , whicg had foreclosed on the 77-acre property. "Welld Fargo owned the judgmenf onthe property, but it didn't take it through the full foreclosurer process, so we negotiated a purchase pricde that gave us ownership of the Matthews said. "We completed the foreclosure procesin December.
From a fixed asset we got the business at a A local management group with three partners kicked in $100,000 to retain a 25 percent stake in the new now called Mesa controls 75 percent, making it the firsft investment where Mesa owns majority control, Matthews "It's unusual for us to own so much of the or to include real estate as part of the Matthews said. "We ended up owningg the entire property." Unlike most venture firms -- whicu generally invest in new technologystartups -- Mesa invests in businessezs that are already operatinvg and have demonstrated market but need cash to grow.
"We like the bricks and manufacturing anddistribution investments," Matthews said. "This deal fits right in." High Deser t CEO Guy Courtney said the operation will earn a lot more by producintg frozen green chile insteadof fresh-green and dried-red peppers. "Uo until a few years ago, red chile was stilll somewhat competitive, but then Mexico came into the market followed by China andPeru -- and they're all selling at outrageously low prices that we can'ft compete with given the high production costsz we face," Courtney said. "In contrast, the economics for processedr green chile stillwork well.
" Moreover, the market for processed spicy foods is expanding rapidly, Courtney said. "It's been double-digit growth year-over-year for the past 10 he said. "That's becauser the Hispanic market is growing so rapidly, and that bleedsa over into the Anglo market as Spicy foods are in demand all over the Deming-based -- the largest greem chile processor in the U.S. -- poses direct competitioj for High Desert, but Courtnegy said the market is big enough for bothof "It's not like Chinaa or Peru -- we can compete on the same planes with Border Foods -- and there'ds room in the market for both of us," he The new processing facility will open in July, just before the local chile harvest begins.
The company has contracter with eight growers in Luna County to buy 7 million poundss of chile for processing thisfirst year. The plantt will employ up to 40 people atpeak season, although it will drop substantially during winter High Desert is the first investment from Mesa'sa second fund, which it began raising in 2006. All capitalp from the first with morethan $8 million, is now fully committee to five New Mexico companies.
"One of our goalsd is to get capital deployedd outside the Central RioGrandse Corridor, and Mesa is doing exactly that," said Paul financial advisor to the Smal l Business Investment Corp, "With this child investment, they've rescued a companty that was out of business, and they'rde creating a few dozen jobs. We need to do more of that in New
Friday, April 29, 2011
Wednesday, April 27, 2011
Bingham lawyers bolt for Morgan - Charlotte Business Journal:
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Five partners and six associatesfrom Boston-based Bingham McCutchen’s Banking and Leveraged Finance Group have joined the Boston officr of Morgan Lewis. Morgan Lewis has a totakl of 1,400 lawyers and a handful in Boston. Binghamn has overall close to 1,000 lawyers and aboug 285 in Boston. The partners joinin Morgan Lewis areRobert A.J. Barry, Jonathan K. Bernstein, Sula R. Matthew F. Furlong and Sandra J. “Our newest partners bring deep and broad experience in sophisticaterd and complex domestic and international financing saidDavid W.
Pollak, leadere of Morgan Lewis’ business and finance in a statement “They add more depth to the lendin g and restructuring resources in which our firm isalreadu strong, and give our clients additional first-rate lawyers on whom to Morgan Lewis has offices across the country including in New York, Chicago, Dallas, and Houston. “We wish the lawyer well. Just as many laterals join Binghamm because they believe it will offer them a new sometimes they may leave for similarpersonak reasons.
As we have noted throughout the past we are living in verydynamic times, and through it all, Bingham is stronger than ever, and the finance and bankinvg practice in our Boston office and firmwidde will continue to prosper and play an important role for our national and international clients, ” said Binghamj spokesperson Claire Papanastasiou in a statement.
Five partners and six associatesfrom Boston-based Bingham McCutchen’s Banking and Leveraged Finance Group have joined the Boston officr of Morgan Lewis. Morgan Lewis has a totakl of 1,400 lawyers and a handful in Boston. Binghamn has overall close to 1,000 lawyers and aboug 285 in Boston. The partners joinin Morgan Lewis areRobert A.J. Barry, Jonathan K. Bernstein, Sula R. Matthew F. Furlong and Sandra J. “Our newest partners bring deep and broad experience in sophisticaterd and complex domestic and international financing saidDavid W.
Pollak, leadere of Morgan Lewis’ business and finance in a statement “They add more depth to the lendin g and restructuring resources in which our firm isalreadu strong, and give our clients additional first-rate lawyers on whom to Morgan Lewis has offices across the country including in New York, Chicago, Dallas, and Houston. “We wish the lawyer well. Just as many laterals join Binghamm because they believe it will offer them a new sometimes they may leave for similarpersonak reasons.
As we have noted throughout the past we are living in verydynamic times, and through it all, Bingham is stronger than ever, and the finance and bankinvg practice in our Boston office and firmwidde will continue to prosper and play an important role for our national and international clients, ” said Binghamj spokesperson Claire Papanastasiou in a statement.
Monday, April 25, 2011
Hewlett-Packard touts green products - San Francisco Business Times:
obofym.wordpress.com
Among other things, Palo Alto-based HP (NYSE: HPQ) will offefr new printing tools forlarge organizations, including software, hardware and to help customers save money through lower paper and energy usage. HP said that analysiz of some customers’ imaging and printin operations revealed energy savings of between 30 percent and 80 percenf and reductions in paper consumption in the millions of pages. Two of HP’zs newest servers, the HP ProLiant DL360 and releasedin March, meet the new Energy Star for Computer Servers 1.0 specifications that went into effect May 15. HP shippeed 2.74 million servers in 2008.
And the company released a new desktop widget that tracks the energuy savings associated with turning off idle persona l computers when notin use. HP has set a new goal to save onebillionm kilowatt-hours of electricity by 2011 through a varietty of product design strategies — enoughh energy for a town of 90,000 people for a
Among other things, Palo Alto-based HP (NYSE: HPQ) will offefr new printing tools forlarge organizations, including software, hardware and to help customers save money through lower paper and energy usage. HP said that analysiz of some customers’ imaging and printin operations revealed energy savings of between 30 percent and 80 percenf and reductions in paper consumption in the millions of pages. Two of HP’zs newest servers, the HP ProLiant DL360 and releasedin March, meet the new Energy Star for Computer Servers 1.0 specifications that went into effect May 15. HP shippeed 2.74 million servers in 2008.
And the company released a new desktop widget that tracks the energuy savings associated with turning off idle persona l computers when notin use. HP has set a new goal to save onebillionm kilowatt-hours of electricity by 2011 through a varietty of product design strategies — enoughh energy for a town of 90,000 people for a
Friday, April 22, 2011
NACA to add more than 1,000 jobs in Charlotte - Austin Business Journal:
efenytan.wordpress.com
The hiring will begin immediately, with the national nonprofiy hosting a job fair Friday and NACA focuses on lendingto low- and moderate-incomer families. Gov. Bev Perdue announcedd the expansion Thursday, with the stats giving NACA a $1 million grant from the One NortjhCarolina Fund. It plans to invest more than $4 milliobn here, with 1,014 jobs expected to be adderd over the nextfive “North Carolina remains a stronb presence in the U.S. financse sector, and this is a tremendous opportunitg forthe Charlotte-area,” Perdue said.
“Ourr top-rated business climate and skilled financial-servicew work force are attractive to growing national NACA is headquartered in Boston and operates more than 40officees nationwide. It currently employs about 100 workers in Mecklenburg County to originatwe and processmortgage loans. Undert the five-year state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 annually. The hiring will focux on mortgage negotiators, customer-service call-center managers and mortgage counselors.
“NAC A is excited that it’s putting more than 1,000p people to work during these toughyeconomic times,” NACA Chief Executivr Bruce Marks said Thursday. “Today’s announcement is more than just a soundcbite — we are following through on this investmenyt by holding a jobs fair tomorrow to hire 550 peoplr immediately.” Perdue said Thursday that she consulted with former Bank of America Corp. Chairman Hugh McColl Jr. abouf the deal. McColl has been a longtimd supporterof NACA’s work. BofA begam a partnership with NACAunde McColl’s watch in 1995 and in 2004 committed $6 billion to its lendingg program.
Perdue says McColl confirmed to her that he expectedx NACA could follow through on its job commitmentz in severalphone conversations. “When someone begins somethingv like thisin Charlotte, it always grows,” McColl said in an interview Thursday. “They’lkl come in and find this is a good placs tofind (a work force). I woulde hope it would be an eruption of not justtrickle down.” The group claims it will be the largestr number of people hired immediatelhy in one area and the largestf job commitment in the countr since the mortgage crisis begamn in 2007. The hirin comes as NACA embarks on a nationwidr Save theDream Tour.
Marks says the added jobs are crucial as NACA leadws its campaign to makemortgages affordable. Hundreds of NACA staffd will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive because of our knowledgeable financial-services work forcde and we welcome NACA’s investment in Northu Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’ss Counseling Center is in the Charlotte East office park off Albemarls Road between Central Avenue and FarmPond Lane.
“Charlottse continues to be recognizedr as a leader in financial servicesz with a talented and experiencedxlabor force,” says Charlotte Chamber Chairman Tim Belk. “We are pleaserd to welcome NACA to the community and look forward to the investmenr in jobs and presence they will bring to our East The chamber assisted NACA in itsexpansion effort. Charlottwe East owner Roger Kellogg, principal of , and leasinfg director Eric Speckman have worked closely with NACAsince 2007, when the nonprofit established a small officew in the park. NACA has legally binding agreements with all themajor lenders/servicers to restructure the mortgagea they service.
The NACA agreementds cover more than 90 percent of homeowner with anunaffordable mortgage. The staff from the Counselinbg Center in Charlotte will travel nationwide to work on Save the Dreamm events where morethan 25,009 people are counseled over four days, with thousands receivingh affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percenf and where necessary the principal The organization, started in 1988, has the primary goal of buildingv strong, healthy neighborhoods nationwide through affordable homeownership.
NACA operations include financial counseling, specialized mortgage services and a Home Save progran for homeowners with an unaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridag and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.
The hiring will begin immediately, with the national nonprofiy hosting a job fair Friday and NACA focuses on lendingto low- and moderate-incomer families. Gov. Bev Perdue announcedd the expansion Thursday, with the stats giving NACA a $1 million grant from the One NortjhCarolina Fund. It plans to invest more than $4 milliobn here, with 1,014 jobs expected to be adderd over the nextfive “North Carolina remains a stronb presence in the U.S. financse sector, and this is a tremendous opportunitg forthe Charlotte-area,” Perdue said.
“Ourr top-rated business climate and skilled financial-servicew work force are attractive to growing national NACA is headquartered in Boston and operates more than 40officees nationwide. It currently employs about 100 workers in Mecklenburg County to originatwe and processmortgage loans. Undert the five-year state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 annually. The hiring will focux on mortgage negotiators, customer-service call-center managers and mortgage counselors.
“NAC A is excited that it’s putting more than 1,000p people to work during these toughyeconomic times,” NACA Chief Executivr Bruce Marks said Thursday. “Today’s announcement is more than just a soundcbite — we are following through on this investmenyt by holding a jobs fair tomorrow to hire 550 peoplr immediately.” Perdue said Thursday that she consulted with former Bank of America Corp. Chairman Hugh McColl Jr. abouf the deal. McColl has been a longtimd supporterof NACA’s work. BofA begam a partnership with NACAunde McColl’s watch in 1995 and in 2004 committed $6 billion to its lendingg program.
Perdue says McColl confirmed to her that he expectedx NACA could follow through on its job commitmentz in severalphone conversations. “When someone begins somethingv like thisin Charlotte, it always grows,” McColl said in an interview Thursday. “They’lkl come in and find this is a good placs tofind (a work force). I woulde hope it would be an eruption of not justtrickle down.” The group claims it will be the largestr number of people hired immediatelhy in one area and the largestf job commitment in the countr since the mortgage crisis begamn in 2007. The hirin comes as NACA embarks on a nationwidr Save theDream Tour.
Marks says the added jobs are crucial as NACA leadws its campaign to makemortgages affordable. Hundreds of NACA staffd will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive because of our knowledgeable financial-services work forcde and we welcome NACA’s investment in Northu Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’ss Counseling Center is in the Charlotte East office park off Albemarls Road between Central Avenue and FarmPond Lane.
“Charlottse continues to be recognizedr as a leader in financial servicesz with a talented and experiencedxlabor force,” says Charlotte Chamber Chairman Tim Belk. “We are pleaserd to welcome NACA to the community and look forward to the investmenr in jobs and presence they will bring to our East The chamber assisted NACA in itsexpansion effort. Charlottwe East owner Roger Kellogg, principal of , and leasinfg director Eric Speckman have worked closely with NACAsince 2007, when the nonprofit established a small officew in the park. NACA has legally binding agreements with all themajor lenders/servicers to restructure the mortgagea they service.
The NACA agreementds cover more than 90 percent of homeowner with anunaffordable mortgage. The staff from the Counselinbg Center in Charlotte will travel nationwide to work on Save the Dreamm events where morethan 25,009 people are counseled over four days, with thousands receivingh affordable restructured mortgages with permanent interest rates often at 4 3 percent and 2 percenf and where necessary the principal The organization, started in 1988, has the primary goal of buildingv strong, healthy neighborhoods nationwide through affordable homeownership.
NACA operations include financial counseling, specialized mortgage services and a Home Save progran for homeowners with an unaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridag and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporation of includingemployment opportunities, go to www.naca.com.
Wednesday, April 20, 2011
Boeing joint venture Sea Launch declares bankruptcy - Business First of Columbus:
rmerujopi.blogspot.com
Sea Launch Co. LLC filed for Chapter 11 in U.S. Bankruptc y Court in Delaware on Monday, saying its liabilitieas were between $500 million and $1 billion, comparec to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percenty of the venture, whic h was founded in 1995. The idea of Sea Launcn was to launch satellites from a convertefd oil drilling program far outat sea, loweringg costs and allowing the satellites to be launcheds from ideal sites close to the The Boeing workers involved in Sea Launch buildr fairings for rockets and design flight plans, said Sea Launch spokeswomanb Paula Korn.
They are employees of Boeing’ss Integrated Defense Systems and workin Auburn, Sea Launch also employs 100 in Long Calif., where it is headquartered. “Wew had to go into bankruptcy to protect assetswhilwe reorganizing,” Korn said, adding that the compang intends to emerge from bankruptcy. Problems that forcedf the filing included hardware delaysand customers’ inabilitty to complete launches, she said.
Boein spokesman Joe Tedino calledit “business as usual” for Pugey Sound area workers while Sea Launch works through its “Boeing and the other Sea Launch partners supporgt Sea Launch’s effort to explorse restructuring alternatives through an orderly bankruptcy cour t process,” Tedino said. So far this year, Sea Launc h has only launched one satellite by sea and two by compared to five from seain 2008, Korn Other Sea Launch partners include Aker, a Norwegiah holding company; , the Russian rocket buildedr that supplies the upper stage; and a Ukrainian rocket builder that supplies the lower
Sea Launch Co. LLC filed for Chapter 11 in U.S. Bankruptc y Court in Delaware on Monday, saying its liabilitieas were between $500 million and $1 billion, comparec to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percenty of the venture, whic h was founded in 1995. The idea of Sea Launcn was to launch satellites from a convertefd oil drilling program far outat sea, loweringg costs and allowing the satellites to be launcheds from ideal sites close to the The Boeing workers involved in Sea Launch buildr fairings for rockets and design flight plans, said Sea Launch spokeswomanb Paula Korn.
They are employees of Boeing’ss Integrated Defense Systems and workin Auburn, Sea Launch also employs 100 in Long Calif., where it is headquartered. “Wew had to go into bankruptcy to protect assetswhilwe reorganizing,” Korn said, adding that the compang intends to emerge from bankruptcy. Problems that forcedf the filing included hardware delaysand customers’ inabilitty to complete launches, she said.
Boein spokesman Joe Tedino calledit “business as usual” for Pugey Sound area workers while Sea Launch works through its “Boeing and the other Sea Launch partners supporgt Sea Launch’s effort to explorse restructuring alternatives through an orderly bankruptcy cour t process,” Tedino said. So far this year, Sea Launc h has only launched one satellite by sea and two by compared to five from seain 2008, Korn Other Sea Launch partners include Aker, a Norwegiah holding company; , the Russian rocket buildedr that supplies the upper stage; and a Ukrainian rocket builder that supplies the lower
Monday, April 18, 2011
Colorado skier visits down 5.5% for the season - Denver Business Journal:
http://thisyearsgirl.com/writing/atgg/atgg-c-1.html
percent from last year, reportef Thursday. But the state’s ski resorts had an upticm in visits by FrontRangee residents, and Melanie Mills, Ski Country’s president and CEO, pronouncedf herself “very happy with where visitation is for this season.” “Thw travel industry as a whole was put to the test this past Mills said in a statement. “Butg visitation numbers show not only the enduring values of a Coloradoski vacation, but the stronv commitment our resident skiing and riding communituy has to our state’s signature sports.” Ski Countrt is a marketing and trade group for 22 Coloradio mountain resorts. Those member resorts alone recordefd 6.
79 million skier visits this season, down 6.9 percent from the previous SkiCountry said. Member resorrt numbers for 2008-09 were down 3.9 percent from the averagd of the lastfive years, Ski Countryh said. Ski Country said that in-stated resort visits were up 2.5 percent over last year, as Fronf Range residents took advantage of bargains and stayed close r to home to keep down vacation andrecreations costs. Ski areas operated by Broomfield-based aren’t memberz of Ski Country. Those resorts include Breckenridge, Beaver Creek and Keystone. Vail Resortsz last week said its totao skier visits at all itsresortz — including Heavenly in California-Nevada — were down 5.
3 percenrt from the previous season.
percent from last year, reportef Thursday. But the state’s ski resorts had an upticm in visits by FrontRangee residents, and Melanie Mills, Ski Country’s president and CEO, pronouncedf herself “very happy with where visitation is for this season.” “Thw travel industry as a whole was put to the test this past Mills said in a statement. “Butg visitation numbers show not only the enduring values of a Coloradoski vacation, but the stronv commitment our resident skiing and riding communituy has to our state’s signature sports.” Ski Countrt is a marketing and trade group for 22 Coloradio mountain resorts. Those member resorts alone recordefd 6.
79 million skier visits this season, down 6.9 percent from the previous SkiCountry said. Member resorrt numbers for 2008-09 were down 3.9 percent from the averagd of the lastfive years, Ski Countryh said. Ski Country said that in-stated resort visits were up 2.5 percent over last year, as Fronf Range residents took advantage of bargains and stayed close r to home to keep down vacation andrecreations costs. Ski areas operated by Broomfield-based aren’t memberz of Ski Country. Those resorts include Breckenridge, Beaver Creek and Keystone. Vail Resortsz last week said its totao skier visits at all itsresortz — including Heavenly in California-Nevada — were down 5.
3 percenrt from the previous season.
Friday, April 15, 2011
High-end home builder Tall House liquidating - Triangle Business Journal:
pohevovotybuc.blogspot.com
which built some of the Triangle’sa most expensive custom homess for the past33 years, has filed for Chapter 7 bankruptcy. Tall House, which was helmed by owner and PresidentRichard Tilley, submitted the filinf on May 15 in the for the Easterm District of North Carolina. The company listed $419,283 in assetw and $629,173 in liabilities. Tall Housw representatives wouldn’t discuss the circumstances that ledto “I’m not going to make any comment,” Tillegy said in a brief phone Bill Janvier, an attornet at Everett Gaskins in Raleigh who is representingb Tall House in the liquidation, also declined to comment.
News of the filint surprised Ed Willer, a veteran residentiall real estate insider who is an agentyfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what causes Tilley’s firm to have to declard bankruptcy. “He’s well regarded, that’s all I can tell you,” says The bankruptcy is a far cry from whenTall House’s $2.6 million average home price made it the Triangle’ws No. 3 custom home builder, accordinh to a list of those builders compiled by Triangle Businesa Journalin 2007.
Tall House catered to high-end customers, building just six homesz in 2006 with prices rangingfrom $1.2 million to $5.456 million. The firm generated $15.59 million in revenus that year, according to information providesd by the company to TBJ at that The Raleigh-based company, which was founded in built its homes from custom design s approved by owners in prestigiouas areas and communities such as Wakefield, Country Club Hills and inside the The company generated nearly $7.3 millioh in gross income during its 2006-07 fiscal year, which ran from Nov. 1, through Oct. 31, 2007, the bankruptcgy filing shows. That declined to about $5.2 million in 2007-08. Grosws income from Nov.
1, 2008, througgh May 15, 2009 totaled $6.2 million. Courtf documents show that Tall House’z major creditors include , which has a claijm for nearly $260,000, and Stocok Loan Services LLC, which is owed $231,000. Both have claims relater to a lot at the Hillsx of Rosemont community inChatham County. “At we’re sad to see this says Kevin O’Neal, a salesman at Durham-baseds The Real Estate Company, whose communitie include Rosemont. “We were always happ y to do businesswith them.” Tall Housre built several houses in the Rosement community, thouguh O’Neal says that the property mentioned in the bankruptcyh filing is still a vacant lot.
O’Neakl estimates that Tall House employed about five While officials involved with the filing were mum abour the financial problems that precipitatedthe bankruptcy, it’xs no secret that the housinh industry – especially at the high end has been battered by the economic downturn. “It’s much more difficul t today to get financing fora million-dollar house than it was a year ago,” says Tim an executive vice presidenty at the Home Builders Association of Raleigh and Wake “It’s really made it hard on the builderz in that price point.” One reason is that FHA loan s will only go up to $417,509 in this area.
If the price tag goes abovs that amount, buyers have to get a seconed loan calleda “jumbo loan” from investors. Jumbo loands have higher interest rates than FHA And while the jumbos dostill exist, they’re much more rare than they were befores the economic meltdown.
which built some of the Triangle’sa most expensive custom homess for the past33 years, has filed for Chapter 7 bankruptcy. Tall House, which was helmed by owner and PresidentRichard Tilley, submitted the filinf on May 15 in the for the Easterm District of North Carolina. The company listed $419,283 in assetw and $629,173 in liabilities. Tall Housw representatives wouldn’t discuss the circumstances that ledto “I’m not going to make any comment,” Tillegy said in a brief phone Bill Janvier, an attornet at Everett Gaskins in Raleigh who is representingb Tall House in the liquidation, also declined to comment.
News of the filint surprised Ed Willer, a veteran residentiall real estate insider who is an agentyfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what causes Tilley’s firm to have to declard bankruptcy. “He’s well regarded, that’s all I can tell you,” says The bankruptcy is a far cry from whenTall House’s $2.6 million average home price made it the Triangle’ws No. 3 custom home builder, accordinh to a list of those builders compiled by Triangle Businesa Journalin 2007.
Tall House catered to high-end customers, building just six homesz in 2006 with prices rangingfrom $1.2 million to $5.456 million. The firm generated $15.59 million in revenus that year, according to information providesd by the company to TBJ at that The Raleigh-based company, which was founded in built its homes from custom design s approved by owners in prestigiouas areas and communities such as Wakefield, Country Club Hills and inside the The company generated nearly $7.3 millioh in gross income during its 2006-07 fiscal year, which ran from Nov. 1, through Oct. 31, 2007, the bankruptcgy filing shows. That declined to about $5.2 million in 2007-08. Grosws income from Nov.
1, 2008, througgh May 15, 2009 totaled $6.2 million. Courtf documents show that Tall House’z major creditors include , which has a claijm for nearly $260,000, and Stocok Loan Services LLC, which is owed $231,000. Both have claims relater to a lot at the Hillsx of Rosemont community inChatham County. “At we’re sad to see this says Kevin O’Neal, a salesman at Durham-baseds The Real Estate Company, whose communitie include Rosemont. “We were always happ y to do businesswith them.” Tall Housre built several houses in the Rosement community, thouguh O’Neal says that the property mentioned in the bankruptcyh filing is still a vacant lot.
O’Neakl estimates that Tall House employed about five While officials involved with the filing were mum abour the financial problems that precipitatedthe bankruptcy, it’xs no secret that the housinh industry – especially at the high end has been battered by the economic downturn. “It’s much more difficul t today to get financing fora million-dollar house than it was a year ago,” says Tim an executive vice presidenty at the Home Builders Association of Raleigh and Wake “It’s really made it hard on the builderz in that price point.” One reason is that FHA loan s will only go up to $417,509 in this area.
If the price tag goes abovs that amount, buyers have to get a seconed loan calleda “jumbo loan” from investors. Jumbo loands have higher interest rates than FHA And while the jumbos dostill exist, they’re much more rare than they were befores the economic meltdown.
Wednesday, April 13, 2011
Survey: Firms weathering recession - Atlanta Business Chronicle:
http://www.usingenglish.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=3&id=18
The survey found that nearly seve in 10workers (69 percent) say their companiesd are taking appropriate steps to weather currentr economic conditions. More than half (55 feel their employers will emerge from the recession strongethan before. Still, there is room for Some 30 percent of the respondents say theirr companies aredoing little, if anything, “Letting employees know how the companyu plans to persevere and grow also buildd confidence,” says Max Messmer, chiefd executive of Robert Half International. “Professionals who feel positives abouttheir firm’s prospects are more apt to stay on boards for the long term.
” The survey is based on telephonee interviews with 457 workers employed in an office California-based Robert Half (NYSE:RHI) marketsa staffing and risk-consulting services.
The survey found that nearly seve in 10workers (69 percent) say their companiesd are taking appropriate steps to weather currentr economic conditions. More than half (55 feel their employers will emerge from the recession strongethan before. Still, there is room for Some 30 percent of the respondents say theirr companies aredoing little, if anything, “Letting employees know how the companyu plans to persevere and grow also buildd confidence,” says Max Messmer, chiefd executive of Robert Half International. “Professionals who feel positives abouttheir firm’s prospects are more apt to stay on boards for the long term.
” The survey is based on telephonee interviews with 457 workers employed in an office California-based Robert Half (NYSE:RHI) marketsa staffing and risk-consulting services.
Monday, April 11, 2011
New travel company opening Downtown - Memphis Business Journal:
http://roofing-review.weebly.com/
signed a 795-square-foot lease at 101 S. Suite 102. Company founders Tricia Peacock and Beth McCarty both have worked in the travelk industryfor years. Peacock specializes in vacationse andcorporate travel; McCarty focuses on vacations, groulp travel and incentive travel, which is when corporationw take top clients or producers on special McCarty has lived Downtown for yearsd and noticed the lack of travel companies there. “Thers was a need for it Downtown Memphis,” she Peacock McCarty Travel Group is located in the groune floor of the Main StreetFlats development, between Main Street Dental and SEE Main a family vision practice.
Adam principal broker with , represented the landlord, 99-105 South Main LP. Harold a broker with , represented the tenant. “It is anotherf service retailer to provide needed services for the people who live andwork Downtown,” Slovis says.
signed a 795-square-foot lease at 101 S. Suite 102. Company founders Tricia Peacock and Beth McCarty both have worked in the travelk industryfor years. Peacock specializes in vacationse andcorporate travel; McCarty focuses on vacations, groulp travel and incentive travel, which is when corporationw take top clients or producers on special McCarty has lived Downtown for yearsd and noticed the lack of travel companies there. “Thers was a need for it Downtown Memphis,” she Peacock McCarty Travel Group is located in the groune floor of the Main StreetFlats development, between Main Street Dental and SEE Main a family vision practice.
Adam principal broker with , represented the landlord, 99-105 South Main LP. Harold a broker with , represented the tenant. “It is anotherf service retailer to provide needed services for the people who live andwork Downtown,” Slovis says.
Saturday, April 9, 2011
Drafting a presidential candidate is tougher than it sounds - Washington Post
http://homeworker.blog.com/2011/04/08/advantages-of-glass-doors/
Drafting a presidential candidate is tougher than it sounds Washington Post Drafting presidential candidates is, by its nature, a quixotic endeavor. But Eden and others across the country are courting reluctant contenders, nonetheless. They are ignoring outright declarations by Sen. Marco Rubio (R-Fla.), New Jersey Gov. ... |
Friday, April 8, 2011
Pujols set to appear on '60 Minutes' - STLtoday.com
http://www.inforemesla.cz/user_detail.php?u=abicaincilk
Washington Examiner (blog) | Pujols set to appear on '60 Minutes' STLtoday.com Deidre Pujols recounts that story during an interview with "60 Minutes" as part of a lengthy feature on the Cardinals' three-time MVP. The profile, which is about 12 minutes long, will air during the news magazine's broadcast Sunday on KMOV (Channel 4) ... Albert Pujols: a superstar off and on the field |
Wednesday, April 6, 2011
Mass. mom pleads not guilty in son's hibachi death - Boston Globe
zemlyanikiyri.blogspot.com
Boston Globe | Mass. mom pleads not guilty in son's hibachi death Boston Globe Court interpreter Gar Chiang, left, speaks to Li Rong Zhang, of Quincy, Mass., during her arraignment in Norfolk Superior Court in Dedham, Mass., Tuesday, April 5, 2011, on charges she murdered her 8-year-old son in January by lighting a hibachi grill ... Mom Charged In Son's Charcoal Death Quincy woman arraigned on charges of murdering 8-year-old son Mass. mom pleads not guilty in son's hibachi death |
Monday, April 4, 2011
General aviation airports see signs that better times may not be far away - Houston Business Journal:
http://www.medecine.es/user_detail.php?u=anaeskzek
After a six-month period that has seen the industry take hits to its publixc perception andbottom line, they say a return of consumer confidence and lowefr fuel prices point toward a blue sky ahead. “Itf you’re comparing it to a year ago, yeah, we’v e seen a decline,” says Mid West Corporate Aviation CEOMarvimn Autry. “(But) things are starting to levelo out.” Autry estimates his businesds at is down by 15 perceng since this timelast year. Fuel salees at Jabara in March weredown 16.87 percent compared to a year ago. fuel sales went from 61,769 gallons in Februarh to 66,184 gallons in March. Fuel usage has dropped at the .
Even so, officialw there also are seeing signs of a Melissa McCoy, spokesperson for the Salins Airport Authority, says March’s fuel totao of 182,205 gallons was the lowest level seen sincse the early 90s. But the number of tota operations in the first quarterwere 16,842. That’as a 1.2 percent declinre from last year, but, she it’s a sign things are levelint off. T.W. Anderson, manager of the , has 114 aircrafty based at his airport. Although his hangars remaim full, he says he has seen a drop in the number of aircraft stoppingto refuel.
But with sprinh in the air and theweather clearing, Anderson says more peoplew are returning to flying their piston-driven Those airplanes burn AVgas, and Anderso says sales increased 5 percent in April. “uI think what we’re seeing is more people, now that they have a bette handle onthe economy, are going back to aviation.” He has seen a drop in jet fuel salew though, which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersonb says of the 30 business jets used on the circuitg to fly support teams to andfrom events, Newtomn typically sees 6 to 10 a season, stopping throughj between coasts.
But he says as more crews fly commercialo tocut costs, just one of the NASCAR jets has stoppe there. The cost of fuel has droppexd dramatically in thepast year. In Newton, AVgass has fallen from $4.88 a gallonm at this time last to $4.02. At Jabara, pricea are down to $4.3 9 a gallon. Similar drops in jet fuel prices could beginb spurring more business jet usagsas well. According to the , the average price of jet fuel — $58.409 a barrel as of May 1 — is down 58.7 percenyt from this time a year ago. For lower prices mean more incentiveto fly, whethed for business or for fun.
And although he thinka traffic levels will reboundby 2010, leveling off now meanw the ascent back to those levels is “I think things have hit a bottom,” he “I think people are starting to have more confidence in the
After a six-month period that has seen the industry take hits to its publixc perception andbottom line, they say a return of consumer confidence and lowefr fuel prices point toward a blue sky ahead. “Itf you’re comparing it to a year ago, yeah, we’v e seen a decline,” says Mid West Corporate Aviation CEOMarvimn Autry. “(But) things are starting to levelo out.” Autry estimates his businesds at is down by 15 perceng since this timelast year. Fuel salees at Jabara in March weredown 16.87 percent compared to a year ago. fuel sales went from 61,769 gallons in Februarh to 66,184 gallons in March. Fuel usage has dropped at the .
Even so, officialw there also are seeing signs of a Melissa McCoy, spokesperson for the Salins Airport Authority, says March’s fuel totao of 182,205 gallons was the lowest level seen sincse the early 90s. But the number of tota operations in the first quarterwere 16,842. That’as a 1.2 percent declinre from last year, but, she it’s a sign things are levelint off. T.W. Anderson, manager of the , has 114 aircrafty based at his airport. Although his hangars remaim full, he says he has seen a drop in the number of aircraft stoppingto refuel.
But with sprinh in the air and theweather clearing, Anderson says more peoplew are returning to flying their piston-driven Those airplanes burn AVgas, and Anderso says sales increased 5 percent in April. “uI think what we’re seeing is more people, now that they have a bette handle onthe economy, are going back to aviation.” He has seen a drop in jet fuel salew though, which he says are down 20 percent from this time last crews aren’t flying through Newton as they used to. Andersonb says of the 30 business jets used on the circuitg to fly support teams to andfrom events, Newtomn typically sees 6 to 10 a season, stopping throughj between coasts.
But he says as more crews fly commercialo tocut costs, just one of the NASCAR jets has stoppe there. The cost of fuel has droppexd dramatically in thepast year. In Newton, AVgass has fallen from $4.88 a gallonm at this time last to $4.02. At Jabara, pricea are down to $4.3 9 a gallon. Similar drops in jet fuel prices could beginb spurring more business jet usagsas well. According to the , the average price of jet fuel — $58.409 a barrel as of May 1 — is down 58.7 percenyt from this time a year ago. For lower prices mean more incentiveto fly, whethed for business or for fun.
And although he thinka traffic levels will reboundby 2010, leveling off now meanw the ascent back to those levels is “I think things have hit a bottom,” he “I think people are starting to have more confidence in the
Saturday, April 2, 2011
Think before you shoot company videos for the Web - Business First of Louisville:
http://www.floor-plans.ca/user_detail.php?u=emilizerruice
Usually, it’s the case of a tree fallingf inthe woods. If no one knowss your video isout there, how wouldf anyone, and most important, your potential clients, find it? To producs and post a worthwhile video, plan befors you break out the camera. The first thin to know is if your target market uses the Webat all. Do they have the the knowledge andthe inclination? If not, choose anotheer method, or aim for a new Web-savvy Based on your who are your customers? Bass fisherman? Great Dane owners Parents of kids with learning challenges? Young guys who knit scarves?
Who do you want to gain as clients What are their habits and interests, their wants, needs, how does your product fit into their lives? And why do they or should they prefee yours? A simple start is to survey your existinb clients. Talk with them informally or even creatrea survey, online or otherwise. From these decide what you willshoot (product customer profiles, behind-the-scenes stuff, company history) and you mighrt recognize potential new uses or customers. This is the good old-fashioned marketiny approach. But doing it just for fun can too.
Similar to you attach your name tosomethinf funny, interesting, amazing, or otherwise worth looking at and therefore builrd your brand by associating your companyy with it. These are the videos that get forwarded all overthe Web. Branchintg off from the “just for fun aspect” is the “becauses we like it” motivation. Create content (videos) on subjectas you find interesting or wantto promote. Chancea are other people are seeking information onthe too. You will becomew a source for somethingpeople want, raised your brand awareness and give it all while doing something you like.
remember that you are what and howyou Don’t post anything that will reflecy negatively on your conflict with its nature or offend your customers. Don’gt chase perfection, but make sure you crafg your video with somebasic editing. Sound is Be close to your speaking Take your raw footage and at leasg cut out dead time with editingf software suchas Microsoft’s Moview Maker or Apple’s iMovie. There also are affordable third-partg software packages such as AdobedPremiere Elements.
Once you’ve edited the video so it’es not too long, confusing or you must establish a video account on a site such as Myspace or Vimeo and prepare to The process asks fora title, description and tags. Back to the tree fallinv in the woods. How you tag and describe your videodetermines who, if anyone, will find it in a The title should be short, interestingy and to the point. The description should include your Web more about your businessw and more onthe topic. Use it to your Anyone clicking onthe “more button on a Youtub e video is interested in the video or its But stay away from a page worth of informatiohn by distilling your page down to a paragraph.
Tags act as hookxs that will pull your video up in an Internet orYoutubd search. Your customer survey comes in handy for Are there recurring wordsor phrases? Use For a business promo, include terms that describe who and what you are and terms that describe the need you fulfill. If your video is about something you wantto support, treat it The trick is to not only think abour what your video contains, such as places, people, but also think about what it meanws and relates to, in other words, Include the adjectives you would use to describe the subjecft to someone. Disclaimer: If you follow all of theser steps, you might still end up with adud video.
Chall that up to individuals’ naturaol skills or lack thereof. Not enough can be said for the equipment and experienceof professionals.
Usually, it’s the case of a tree fallingf inthe woods. If no one knowss your video isout there, how wouldf anyone, and most important, your potential clients, find it? To producs and post a worthwhile video, plan befors you break out the camera. The first thin to know is if your target market uses the Webat all. Do they have the the knowledge andthe inclination? If not, choose anotheer method, or aim for a new Web-savvy Based on your who are your customers? Bass fisherman? Great Dane owners Parents of kids with learning challenges? Young guys who knit scarves?
Who do you want to gain as clients What are their habits and interests, their wants, needs, how does your product fit into their lives? And why do they or should they prefee yours? A simple start is to survey your existinb clients. Talk with them informally or even creatrea survey, online or otherwise. From these decide what you willshoot (product customer profiles, behind-the-scenes stuff, company history) and you mighrt recognize potential new uses or customers. This is the good old-fashioned marketiny approach. But doing it just for fun can too.
Similar to you attach your name tosomethinf funny, interesting, amazing, or otherwise worth looking at and therefore builrd your brand by associating your companyy with it. These are the videos that get forwarded all overthe Web. Branchintg off from the “just for fun aspect” is the “becauses we like it” motivation. Create content (videos) on subjectas you find interesting or wantto promote. Chancea are other people are seeking information onthe too. You will becomew a source for somethingpeople want, raised your brand awareness and give it all while doing something you like.
remember that you are what and howyou Don’t post anything that will reflecy negatively on your conflict with its nature or offend your customers. Don’gt chase perfection, but make sure you crafg your video with somebasic editing. Sound is Be close to your speaking Take your raw footage and at leasg cut out dead time with editingf software suchas Microsoft’s Moview Maker or Apple’s iMovie. There also are affordable third-partg software packages such as AdobedPremiere Elements.
Once you’ve edited the video so it’es not too long, confusing or you must establish a video account on a site such as Myspace or Vimeo and prepare to The process asks fora title, description and tags. Back to the tree fallinv in the woods. How you tag and describe your videodetermines who, if anyone, will find it in a The title should be short, interestingy and to the point. The description should include your Web more about your businessw and more onthe topic. Use it to your Anyone clicking onthe “more button on a Youtub e video is interested in the video or its But stay away from a page worth of informatiohn by distilling your page down to a paragraph.
Tags act as hookxs that will pull your video up in an Internet orYoutubd search. Your customer survey comes in handy for Are there recurring wordsor phrases? Use For a business promo, include terms that describe who and what you are and terms that describe the need you fulfill. If your video is about something you wantto support, treat it The trick is to not only think abour what your video contains, such as places, people, but also think about what it meanws and relates to, in other words, Include the adjectives you would use to describe the subjecft to someone. Disclaimer: If you follow all of theser steps, you might still end up with adud video.
Chall that up to individuals’ naturaol skills or lack thereof. Not enough can be said for the equipment and experienceof professionals.
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