Monday, November 29, 2010
With more dining out less, chains eyeing kitchens - Jacksonville Business Journal:
Grocery stores now rival the typical shopping centet formerchandising restaurant-brand foodd – Starbucks, Dunkin’ Donuts, Quaker Steak Lube, Bob Evans and California Pizza Kitchenn are among a growing number of dining chains with productws on supermarket shelves and in freezer “There is a convenience factotr for consumers,” said spokeswoman Amy McCormick. “Consumeras keep telling us they want And whatconsumers want, they typically get.
Columbus-baseed is the latest to wideh itsgrocery approach, putting its take-and-bake pizzasx into Kroger supermarkets in the Atlanta That adds 215 stores in the Soutu to the 130 Kroger stores that sell the pizzas in the “We’ve performed at the high end,” said Donato s spokesman Tom Santor, who declined to detail supermarket sales for the pizzeria chain. “Obviously, Kroger is This is a validationof that.” Donatos’ take-and-bake business began in when six Central Ohio Kroger markets startefd carrying the pizzas.
Of course, restaurant-brand consumerr products aren’t novel – Columbus-based has sold its breakfasyt sausages at supermarketsfor decades. But restaurant companiew are taking an greater interesty in the approach at a time when consumerws are paring their restaurant spending amida U.S. grocery store sales rose 6.7 percent last compared with a 5.5 percenty increase in 2007, while restaurants have experienced a slowe paceof growth, according to N.C.-based financial researcher Donatos has its eye on the with a franchisee planning more than 60 shopxs in the Carolinas, but the take-and-bake pizzaw entry into Atlanta is a return of sorts.
At one the Ohio company had 23 restaurants openede and closed in that area durinv the four years that Donatoss was ownedby McDonald’s Corp. “We think we stil have a lot of fans down saidBob Bauer, Donatos’ vice president of food service, who said the pizzaes appeal to consumers in search of a restaurant-prepared meal at a lowerr price and that can be consumed at The Atlanta region for Cincinnati-based Kroger coverz Georgia but stretches into other states, including the Tenn., and Hilton S.C., markets. Kroger stocks the pizzas in several varieties and prices them below what Donatos charges atits restaurants.
Bauef said Donatos is talking with other supermarketsas well, such as in where the 180-unit pizzeria chain operates but Kroger The company will look for othere opportunities with Kroger, in cities where both companiesa operate and communities such as Atlanta where Donatosa doesn’t exist. McCormick said another possible target is rurall Ohio where the Donatos name maybe known, but its product s aren’t available. “We’re able to give our customerw a productthey can’t necessarily she said.
Unlike chains such as , whose brandef ice cream is madeby , and , whose microwaves flatbreads are produced by , Donatoss prepares its foods rather than outsourcing the work to a Its business expansion is linkexd to $4.5 million in research-and-development and manufacturing upgradesx the company undertook in 2006 with the help of a $2.9 milliom loan from the state. “We have the manufacturing nailede down,” Bauer said.
“We’re looking for significant growth Donatos’ Taylor Station Road complex can servicr upto 1,500 supermarkets with 13-inch take-and-bake pies, as well as 7-inchg pizzas for the company’s entertainment venue business, which includee Central Ohio’s major sports facilities, such as Nationwide Arena, and others in Ohio, Indiana and North Carolina.
Saturday, November 27, 2010
IATA: Global airlines to lose $9B in 2009 - Pittsburgh Business Times:
The ’s (IATA) new forecast is staggeringly worser thanits $4.7 billion collectiver loss forecast made just threed months ago. The air carrier trades group also downgraded its loss estimate for 2008to $10.34 billion from $8.5 billion. “There is no modermn precedent for today’s economicx meltdown,” IATA Director General and CEO Giovanni Bisignani said in anews release. “Thw ground has shifted. Our industry has been shaken. This is the most difficul t situation that the industryhas faced.” Aftedr the Sept. 11, 2001, terror attacks on the Unitedf States, industry revenues fell by 7 percent, Bisignani and took three years to reboundxto pre-9/11 levels.
Revenuess will fall from $528 billion in 2008 to $448 billion in 2009 (15 IATA said. Passenger yields will dip 7 percent. “This time we face a 15 percen t drop—a loss of revenues of $80 billion—in the middlse of a global recession,” Bisignani said during IATA’s annual industry summit. “Our future depends on a drastic reshapingbby partners, governments and We cannot bear the cost of government crazy taxation and partnersd abusing their monopoly power.” North American carriers will generallhy fair better than foreign carriers, IATA and should narrow their lossez for the year.
Nortb American airlines will lose $1 billion in dramatically less thanthe $5.1 billion lost in as out-of-the-money fuel hedges lapse and capacity cuts kick in to rightt capacity with demand. Previously, IATA said North American carriers woulr turn a modest profit forthe Asia-Pacific and European carriers are likely to take the biggesft hits, losing $3.3 billion and $1.8 respectively. Another heavily impacted air cargo, will decline by 17 percen t based ontons shipped. Cargo yields will decliner 11 percent. Relaxed fuel pricew over the first five months of 2009 have helped but prices have begun to climb inrecenty weeks.
IATA projects the industry fuel bill to fallfrom $165 billion in 2008 to $59 billion in 2009, on an $56 per barrep average price of oil. “The risk that we have seen in recent weeks is that even the slightest glimme r of economic hope sends oilpricexs higher,” Bisignani said. Greedy speculation must not hold the global economy Failure to act by governmentzs wouldbe irresponsible.” Globally, airlines are in a bettert cash position, with more liquidity than in past But, Bisignani warned “a long L-shaped recovery could drain the industry of
Wednesday, November 24, 2010
Black Friday becomes a holiday tradition - Inland Empire News
Black Friday becomes a holiday tradition Inland Empire News Black Friday has become retail's most important day of the year, a day when sleep-deprived shoppers with enough coffee, organizational savvy and willpower ... |
Tuesday, November 23, 2010
XcelleNet founder now marketing `green' energy - Atlanta Business Chronicle:
Meanwhile, Dennis Crumpler, the foundet of XcelleNet, has kept himself busy. He is vice chairmamn of , a company that markets energy over the The Wylyfamily -- who put the foundinb money into , parent of GreenMountain.com -- is the most significant investor in Sterling Commerce. "As I was gettinf to know Sam Wyly better last in the daysbefore XcelleNet's deal closed with Sterling he asked me if I woul look at an energy company that he wanted to use technologyu to leverage," Crumpler said.
Crumpler is workinb at Green Mountain part though headmits "there's no way to have a part-timre job in a company that'z percolating the way this one Green Mountain recently filed to go public. The companyg sells cleaner forms of electricity to consumers overthe "The reason I decidedx to come off the bench faster was because of the environmentak angle," Crumpler said. "I felt this was really a place where we can make a Crumpler also is acting asa "buddyh and coach" to a number of other locall companies, providing the kind of mentoringg that he himself has benefited from, he "You need all the friends you can trustt when you're the CEO, especially of a high-growth publi company," Crumpler said, recallingg a number of individuals who had adviseed him when he was "growing up.
" "I'jm learning to play that role and finding that it fits pretty Crumpler, who has two children, has been stayingy close to home. "I've rejoine my family with a the 46-year-old said. His goal is to take one to two educationakl trips with the kidsevery quarter, he So far, the family has gone to Mexico'se Copper Canyon and lived with the Tarahumaraq Indians for two weeks. They spent Christmasa in Alaska, they have been to Hawaii, and they have takehn a cruise in California topet whales. New chairman.
Muninn Technologies LLC, founded by Georgia Tech professor Anindya has raised an initial roundc of seed capital and recruited Lang Lowrey as its executive Lowrey formerly was CEO and chairman of Anacomp a $2.1 billion electronic storage company. Munin develops data warehouse storage software. Datta is also the head of Georgiz Tech's new e-commerce center, which the university announced onAprikl 21. Weaving the Web. Definition 6 Inc., an Atlanta-based interactive marketing firm, has entere the carpet market. The agency has created Web sitezs for carpet manufacturers MohawkIndustries Inc.
and S&S Definition 6 has reached billingsof $3 millionm and has 32 The company was founded in 1997. School The two campuses of Atlanta's DeVry Institute of Technologu are buzzingwith activity. The Alpharetta opened in 1997, now has 950 students. The Decatur in its 30th year, is at capacithy with close to 3,000 Both campuses have seen an increase in older as managers are returning to school tobe Interestingly, DeVry has found that many of these students are looking for second bachelor's degrees, rather than a master's. EVENTS. The Advancefd Technology Development Center will host its annual spring open house on May 12 at2 p.m. RSVP to 894-5217. ...
King & Spalding and Arthurd Andersen LLP will offer a seminarcallec "Maximum Opportunities," a chance to discuss questionse and concerns about the emergintg business environment, on May 13. Scheduled speakers include MonarchCapitao Partners' Rob Guyton; The Robinson-Humphrey Co.'se Charles Ogburn; Premiere Technologiex Inc.'s Boland Jones; Manhattann Associates Inc.'s Michael Casey; and Shereer Nawar, the founder of Tech Discovery Groulp and the former chief technology officeer of XcelleNet. Call (404) 572-559u for registration information.
Sunday, November 21, 2010
Sam Twiston-Davies finds a firm Aintree friend in Hello Bud - The Guardian
The Guardian | Sam Twiston-Davies finds a firm Aintree friend in Hello Bud The Guardian Just as he had on Little Josh in the Paddy Power Handicap Chase at Cheltenham, Twiston-Davies made almost » |
Saturday, November 20, 2010
U.S. Chamber of Commerce Company Profile | Company Information
and around the globe. Our core mission is to fight for businese and free enterprisebefore Congress, the Whited House, regulatory agencies, the courts, the court of publixc opinion, and governments around the From its headquarters near the White the Chamber maintains a professional staff of more than 300 of the nation'd top policy experts, lobbyists, lawyers, and The Washington staff is supported by sevenj regional offices around the country; an office in Brussels; an on-the-ground presence in and a network of grassroots business activists. Our memberd include businesses of all sizesand sectors?fromm large Fortune 500 companies to home-based, one-person operations.
In fact, 96% of our membership encompasse s businesses with fewer than100 employees.
Thursday, November 18, 2010
Theragenics to acquire NeedleTech - Atlanta Business Chronicle:
million cash deal. The deal shouls close in the third quarterof Buford, Ga.-based Theragenics (NYSE: TGX) said. Attleboro, Mass.-base d NeedleTech makes coaxial needles, biopsy needles, access brachytherapy needles, guidewire introducer needles, spinal needles, disposable vereszs needles, and other needle-basex products. "This acquisition will forward our statedd strategy of becoming a diversified medicaldevices manufacturer, will increase our breadth of offeringx to our existing customers and will expan our customer base of large leading-edge said M. Christine Jacobs, chairmamn and CEO of Theragenics.
"NeedleTech is a good fit, offerinfg products that complement our existing producft lines in both our surgical products and brachytherapy This acquisition will also advance our strateg y to provide an ever growing arrayh ofhigh quality, 'Made in the USA' producte and systems to large playeres in the medical device Theragenics, a surgical productsx and cancer treatments company, had net income of $1.6 milliobn on $15.2 million in revenure in the first quarter.
Tuesday, November 16, 2010
Apple vs Apple: long-running legal dispute delayed Beatle's iTunes deal - Telegraph.co.uk
Fox News | Apple vs Apple: long-running legal dispute delayed Beatle's iTunes deal Telegraph.co.uk The Beatles' delayed iTunes deal with Apple has been largely blamed upon a long-running legal dispute between the computer giant and the band's holding ... Beatles downloads on iTunes end of long and winding legal road Beatles Catalog Lands on iTunes; Years of Legal Wrangling Ends The Beatles come to iTunes |
Monday, November 15, 2010
Target's Q1 profit beats estimates - St. Louis Business Journal:
The Minneapolis-based retailer reported earningsof $522 or 69 cents per share, for the quarter ended May 2. That’xs down from $602 million, or 74 cent per in the comparable quarterlast year. Analysts surveyed by Thomsoh Reuters had projected earnings of 59 centsper Target’s total revenue came in at $14.83 billiomn for the first quarter, up 0.2 percent from $14.8u billion a year ago. Store sales increasexd 0.4 percent to $14.36 billion, as new storw growth offset a 3.7 percent decliner in same-store sales. Credit card revenuwe declined 5.7 percent to $472 million.
In a Target Chairman, President and CEO Gregf Steinhafel said store performance improved thanks to strong food and commodityg sales andreduced expenses. The credit card meanwhile, were “stable, profitable and consistent withour expectations,” he “Very importantly, we believe this improved stability and predictabilit in key aspects of both our retailp and credit card segmentz reflects the resilience of our strategy and underscores our abilitg to generate substantial value for our shareholdere over time,” Steinhafel said. At the end of the first Target (NYSE: TGT) operated 1,69u8 stores in 49 states, includingh a dozen locations in St. Louis.
Sunday, November 14, 2010
Feldman sells stake in Colonie Center for $4.1M - Charlotte Business Journal:
The Long Island company announced Thursday that it has sold its remaininv sharesto , a pension fund advise in Chicago. Feldman, which also manages the mall, made $4.1 million from the That means the Heitman firm is now the sole owne r ofthe 1.2 million-square-foot mall. Heitman alreadyu had a 75 percentr stake inthe mall, purchased in 2006 for $38 milliom in cash. At the time, Heitmahn also gave Feldman a loan to continuew pumping money into the mall as Feldmanj gave the propertya face-lift and added new storews and space. In the end, it cost $110 millionj to renovate Colonie Center to lure chainse suchas , and a 13-screen Regal Feldman paid $82.
2 million for Coloni e Center in February 2005. Feldman, in a shoryt statement, said the deal to sell its remaining stakw in the Colonie mall closexd onMay 28. Feldman says it expects to have a writedowjn as a result ofthe move. The announcementg is the latest in a string of bad developmentesfor Feldman. In January, a deal to sell three mallds collapsed. The company has also been hurt by the pushing some major tenants to close and file for bankruptcy Feldman had a net lossof $78.9 million during the second quarter of 2008, its most recentt regulatory filing. In that quarter, the company had a $15.e4 million impairment loss on Colonie Center.
The companty has said it may have to file for bankruptcgy ifit can’t refinance its Last summer, the New York Stock Exchanger de-listed Feldman’s stock. Feldman is now trading on the pink sheets/over-the-counter marke (OTC: FMLP) at 16 cents a share.
Friday, November 12, 2010
2009 WNY elementary school rankings - Triangle Business Journal:
Profiles of the top 25 schools can be reachedc by clicking on the names of thosreschools below. A breakdown of the rankings for each sectiomn of Western New York can be accessefdby . The following abbreviationxs havebeen used: CS-Charted School, EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High School, MHS-Middle-High MS-Middle School, PS-Primary School, SHS-Senior High School, VHS-Vocationalk High School. Each school is followedd by the name of the district that operateeit (if it's a public or the district where it is locatec (if it's a private school). • 1. • 2. • 3.
• 4. 5. • 6. • 7. • 8. 9. • 10. • 11. • 12. • 13. • 14. 15.
Thursday, November 11, 2010
Semtech Adds World's Most Sensitive Proximity Function to Leading Capacitive ... - MarketWatch (press release)
Semtech Adds World's Most Sensitive Proximity Function to Leading Capacitive ... MarketWatch (press release) "The integrated, advanced features of the SX863x platform, coupled with ultra-low power consumption and extreme sensitivity, make these ICs ideal for a wide ... |
Tuesday, November 9, 2010
Report: Citizens Property poised to sell $2B of bonds, notes - Tampa Bay Business Journal:
Citizens, the state-created insurer of last resortin Florida, will price fixed-rate, tax-exempt revenue bonds and notees this week, according to a reportt in the trade journal The Bond Proceeds from the sale will provide liquidityh for Citizens’ high-risk account, the report said. The accoungt provides wind-only residential insurance coverage for damagew causedby hurricanes, tornadoes, windstorms and hail in part or all 29 of Florida’x 35 coastal counties as well as all of the Florida Keys and Port The proceeds from the sale of the bonds and notesw will be invested in tax-exempt securities pending the need to pay any claims, the report Citizens is in good financial shape because the state has not experiencedf a major hurricane for several years, Sharon Binnun, chief financial officert for the insurance firm, was quotexd as saying in the report.
Goldman Sachxs & Co. is the bookrunner and is joinedby , LLC, Merrill Lynch & Co., and as underwriters on the of St. Petersburg is financial LLP is underwriters’ and LLP is bond counsel.
Monday, November 8, 2010
Obama: 'India has emerged' - CBC.ca
Globe and Mail | Obama: 'India has emerged' CBC.ca (Saurabh Das/Associated Press) "As I said yesterday, I don't think India is emerging, it has emerged. India is a key actor on the world stage," he said. ... Obama Says India Has Emerged As "World Power" India is key actor on world stage, extraordinarily important to US: Obama Link Between US And India Stronger, Obama Says |
Saturday, November 6, 2010
Hanger Orthopedic gets credit rating upgrade - Phoenix Business Journal:
Bethesda-based Hanger Orthopedic announced Mondayg thatStandard & Poor's Ratinb Services had raised its rating on Hanger Orthopedicc Group, Inc. to "B+" from raised the issue level ratingon Hanger's senior secured debt to "BB-" from and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’ss outlook for Hanger is "We are extremely pleased with the S&P upgrade especially given the current economic said Hanger Orthopedic chief financiapl officer George McHenry.
"The upgrade reflects, amonvg other things, our consistent performance over the last three solid liquidity as well as nosignificant near-term debt In its latest quarter Hanger Orthopedic HGR) reported that net income increased 27 percenyt to $4.5 million as revenue increased 7 percent to $169.q million.
Friday, November 5, 2010
Engineering firm expects turnaround in fourth quarter - San Antonio Business Journal:
The full-service engineering and design firm has growmn froma two-man shop in 1999 to a statewide, multimillion-dollar business employing 60 people. But after seein steady growth for the first nine yearsa ofits existence, M&Se hit a rough patch in 2008 as the nationalp economy went into a deep recession. “2008 was a horribl year,” says Keith Strimple, a principal and co-founder of M&S Engineering. “We didn’t make any monehy last year, but we managede to avoid having any layoffs like a lot of otherfirmas did.
” To keep from having to lay off Strimple says he and his partner Brian Meuth took big cuts in theif own pay and made a lot of other cuts in “We cut out all the frillsw and somehow managed to get through and breaki even without having to lay anyon e off,” Strimple says. “It is truly by the grace of God that we arestillp here.” M&S Engineering provides a host of engineering and desigh services geared mainly toward land The company’s services include surveyin g and land development support; water line design; reservoir design; electricao transmission design; roadway design; and flood plain studies.
M&S Engineering relies heavily on new residential As a result of the sharp drop in housinf startsin 2008, the firm’s financeas were hit pretty hard, Strimple says. Last week, Strimpls says he signed the first residential developmeny proposal in more than a year and a half and he hopeds that is a sign that thingx are finally starting toturn around. “Ij think we are at the botto and on the upward side of theparabolix curve,” Strimple says. “It looks like we may be getting past the bad timesz and hopefully by the fourtjh quarter of this year it will start tolook better.” Priore to 2008, M&S Engineering was doing upwards of $7 million in annuao revenue.
Company officials declined to reveal 2008revenue figures. Strimple and Meuth firsg met when they were freshmen at SeguinHigh School. They both wound up goin g to Texas A&M University where Strimple earned a degree in civil engineering in 1983 and Meutb earned a degree in electrical engineering. Both also went on to earn theirf MBAs. Strimple worked for 15 years with the and then workexd briefly with the City ofSan Antonio’xs Public Works Department before hookiny up again with Meuth. Meuth worked in the private sectoer before deciding toform M&d with Strimple.
Strimple and Meuth got together in 1998 to talk aboug setting up theirown multi-disciplined, full-service engineerinvg firm. Both were unhappy with thei employment situations at the time and both wanted to exercise more control overbusinesw decisions. “We put together a great team and begamn working with someexcellent clients,” Strimplew says. “We are all about the peoplwe — both those we work for and those who workfor us. The customerf relationships we form are ultimately more importanr to us thanthe business.
” Strimple says he believess the thing that most distinguishes the company from its competitores is the way M&S treatd its employees and customers while keepiny its costs and pricese down. Bron Leatham, development manager for Stadler and Leatha Development in San says his firm has been workingwith M&S Engineeringb for about a year. Leatham says he is very happy with the qualitu ofthe company’s work. M&Se has done all the civil engineering, road work and electrical grid work onthe company’e development on the north side of Canyon known as Cascada at Canyonb Lake.
Leatham says his company was originally under contrac t with anotherengineering firm, but they were unhappy with them because they would not meet with them on a regular basis to answer questions and allowa them to have input. Workinhg with M&S has been a completely differenf experience, he adds. “They have done all the things we wanter while giving us regular updatez and the opportunity to provide Leatham says. “That, plus they were about 30 percen cheaper.” Barry Denton, regional sales director for Blue Green sayshe can’t say enough good thingzs about M&S Engineering. Blue Greenb has worked with M&S for the past severalk years.
M&S laid out the lots and performed all the utilityt and road work forBlue Green’s Villag Oaks master-planned development located on Highway 46 between New Braunfels and U.S. Highwag 281. “It was important for us to find someon e who sharesour company’s philosophy that our customerss and our employees are the most important part of what we Denton says. “M&S most certainly fills that bill. They understanfd that while we are a ultimately it is the people who will purchase the propertiez who are theultimate customers.
” Denton says M&Sa Engineering has helped to make Blue Green’s projectsz run smoothly not only because of M&S’ quality customee service, but also because the companyt works so well with independent contractors and city and county M&S Engineering does work all over Texas. However, Strimpl e and Meuth chose to base theid company in Spring Branchoff U.S. Highway 281. They remodelede an old 5,000-square foot schoolhouse on a 5-acre lot to make into thei headquarters. They have since addef another 20,000 square feet of officew space on the property and stillk have enough roomto expand.
Strimpld says that as the economy slowly recovers he and his partner are lookinf to align themselves more closelty with the green movement by looking for ways to desigh properties in ways thatare environmentally-friendlyu and energy efficient. “Lookinb down the road five to 10 years, this is the direction the country is heading and we are working to stay at the fronft ofthe curve,” Strimple says.
Wednesday, November 3, 2010
AOL revenues down 26% - Financial Times
MiamiHerald.com | AOL revenues down 26% Financial Times Revenues at AOL fell by 26 per cent in the third quarter, hit by sharp declines in advertising and subscription sales. ... On the C » |
Tuesday, November 2, 2010
Possible interest in Randy Moss - ESPN (blog)
Reuters | Possible interest in Randy Moss ESPN (blog) By ESPN.com staff Randy Moss' name did not appear on the league's official waiver report Monday. If Moss doesn't appear on the waiver report until Tuesday, ... Randy Moss sure to 'draw interest' from around NFL Dolphins Confirm Interest in Randy Moss |