lyubomiradete.blogspot.com
Circuit City (NYSE: CC), which said that it wouldx close all five of itsarea stores, will ask the bankruptc y court for approval to begin liquidating assets. The company owes Garmin GRMN) more than $15.4 million. A call to the Olathe-basefd navigation device-maker was not immediately returned. “We are extremely disappointecd bythis outcome,” Circuit City’s actingv CEO, James Marcum, said in the release. “Th e company had been in continuous negotiationxs regardinga going-concern transaction.
Regrettably for the more than 30,00o employees of Circuit City and our loyal we were unable to reacyh an agreement with our creditorse and lenders to structurea going-concerj transaction in the limited time frame available, and so this is the only possiblw path for our company.” More detailds will be available soon about plans to liquidatse stores and other assets, alony with other issues, the company said. Circuit based in Richmond, Va., filee Chapter 11 bankruptcy in , planninv to keep operating its business without interruption while its management developefa corporate-restructuring plan. It earlied had announced plans to close 155underperforming U.S. including the local ones.
The companuy voluntarily filed bankruptcy inthe U.S. Bankruptcy Court for the Easterhn District of Virginiain Richmond, listing $3.4 billiobn in assets and $2.3 billion in Circuit City said its Canadian operations also would seek protection in Canada undere the Companies’ Creditors Arrangement Act. Garmin was the seventh-largest creditore listed in Circuit City’s bankruptcy On Jan. 9, Circuif City said it was in talke with two potential buyers that coulds keep the chain operational and that it was optimistic abou t reaching a deal by when a sale hearingwas scheduled.
Without a deal by the companyhad said, it may pursue In November, Garmin spokesman Ted Gartner said the compan was continuing to supply Circuit City. The bankruptcy filingb required those that had been doing business with the debto to continuedoing so, he said, adding that Garmin was assessing the situation to make sure it was protected and coulrd recoup costs. “Certainly, Circuit City’s bankruptcy was not unexpected,” Gartner said at the “Our management have been talking with theid management for at least the lastsix weeks. ...
They’vew been a great retailer of ours for many years, and we have got a lot of respect for I think we’re working together amicably to make sure they get the producrt they want to get.” In Garmin had revenue of $3.2 billionj and earnings of $855 million.
Monday, January 31, 2011
Saturday, January 29, 2011
Associated may post 2Q net loss - Houston Business Journal:
igoeosysata1533.blogspot.com
Charge-offs totaled $104 million at the end of the firsrt quarter, according to Associated’s filing with the Federal DepositInsurancew Corp. Meanwhile, second quarter net charge-offs are expectedc to be between $60 million and $70 million, Greehn Bay-based Associated (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the firsy quarter onMarch 31. The bank’s management said weakness in the economyh has resultedin asset-quality downgrades to Associated’s construction, commercial real estatew and commercial and industrialo credits.
“We believe loan loss provisionsand charge-offsw will remain elevated due to the continuee deterioration in the real estatw sector and the weak said chairman and CEO Paul Beideman. “We expecty the pace of loan and assetr deterioration to moderate in future Associated executivessaid that, aftet taking into consideration the increaseds loan-loss provision, the company’s capital levelsd will still exceed well-capitalized standards as of June 30. Associaterd said its board has formed a risk and credity committee to supplement risk management oversighft performed by the company andthe company's audirt committee.
The board has appointed to the new committeedJohn Seramur, Eileen Kamerick and Richard The company will release second-quarter results on July 16. Associated stock closec at $13.37 on
Charge-offs totaled $104 million at the end of the firsrt quarter, according to Associated’s filing with the Federal DepositInsurancew Corp. Meanwhile, second quarter net charge-offs are expectedc to be between $60 million and $70 million, Greehn Bay-based Associated (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the firsy quarter onMarch 31. The bank’s management said weakness in the economyh has resultedin asset-quality downgrades to Associated’s construction, commercial real estatew and commercial and industrialo credits.
“We believe loan loss provisionsand charge-offsw will remain elevated due to the continuee deterioration in the real estatw sector and the weak said chairman and CEO Paul Beideman. “We expecty the pace of loan and assetr deterioration to moderate in future Associated executivessaid that, aftet taking into consideration the increaseds loan-loss provision, the company’s capital levelsd will still exceed well-capitalized standards as of June 30. Associaterd said its board has formed a risk and credity committee to supplement risk management oversighft performed by the company andthe company's audirt committee.
The board has appointed to the new committeedJohn Seramur, Eileen Kamerick and Richard The company will release second-quarter results on July 16. Associated stock closec at $13.37 on
Wednesday, January 26, 2011
Two SH 130 projects revving to go - Austin Business Journal:
srikanth-topic.blogspot.com
After more than a year in the works, a proposedx development agreement for twomassive mixed-use developments along Statw Highway 130 has come back befores the Austin City Council so more than $3 billionn worth of construction can start by next The agreement, which would include the formatioh of a public improvement district, or PID, woulf also represent a significant step for the city toward land use control in parts of the SH 130 corridotr that are in the city’s extraterritorial jurisdiction but outsidse its city limits. The City Council was scheduled to vote on the developmeng agreement after press time onJune 18.
Whisper Valley and Indiab Hills, both being developed by Tauruw of TexasHoldings LP, would span more than 2,3090 acres collectively. Whisper Valley is plannedd for 2,100 acres at the intersection of State Highway 130 and the future extension ofBraketr Lane. It calls for 2,850 single-family 5,000 attached units and more than 2 millioj square feet of officseand
After more than a year in the works, a proposedx development agreement for twomassive mixed-use developments along Statw Highway 130 has come back befores the Austin City Council so more than $3 billionn worth of construction can start by next The agreement, which would include the formatioh of a public improvement district, or PID, woulf also represent a significant step for the city toward land use control in parts of the SH 130 corridotr that are in the city’s extraterritorial jurisdiction but outsidse its city limits. The City Council was scheduled to vote on the developmeng agreement after press time onJune 18.
Whisper Valley and Indiab Hills, both being developed by Tauruw of TexasHoldings LP, would span more than 2,3090 acres collectively. Whisper Valley is plannedd for 2,100 acres at the intersection of State Highway 130 and the future extension ofBraketr Lane. It calls for 2,850 single-family 5,000 attached units and more than 2 millioj square feet of officseand
Monday, January 24, 2011
Mizutani 1st man to win 5 consecutive national titles - Japan Today
http://www.thepaperbackwriter.com/2002/writing/zabortar.html
Mizutani 1st man to win 5 consecutive national titles Japan Today Mizutani broke the previous tie for consecutive men's singles titles with Kiyoshi Saito and Norikazu Fujii. Saito won the titles from 1982-85 and Fujii from ... |
Friday, January 21, 2011
Friday notes: Tuitt, Diaco's D, Recruiting and more - msnbc.com
http://www.jokevote.com/specials/item9010/toy-soldiers/compatibility-information-for-toy-soldiers.html
Atlanta Journal Constitution (blog) | Friday notes: Tuitt, Diaco's D, Recruiting and more msnbc.com There's plenty we can talk about, so let's get it » |
Tuesday, January 18, 2011
City Room: China's Publicity Ads Arrive in Times Square - New York Times (blog)
http://www.grindtv.com/profile/tamaro4ka/blog/23655/conditioneer/
New York Times (blog) | City Room: China's Publicity Ads Arrive in Times Square New York Times (blog) China has established an extra large, extra red beachhead in Times Square. In an advertising push the state news agency Xinhua described as ... National publicity video conveys China's image to overseas audiences Video: China Advertises Itself In Times Square Results tagged “huinamerica2011†|
Sunday, January 16, 2011
Cats Turn in Solid Day at Georgia Invite - K-StateSports.com
http://www.washingtoneast.org/freeanalysis.html
K-StateSports.com | Cats Turn in Solid Day at Georgia Invite K-StateSports.com The product of Brno, Czech Republic has won three straight matches and is now 5-4 this season. Senior Antea Huljev took one step closer to career win number ... |
Thursday, January 13, 2011
Constar emerges from bankruptcy - Triangle Business Journal:
http://www.credit-fix-secrets.com/the-complete-credit-repair-book-page45.html
The Philadelphia company said it believe d it is now in a stronger financiapl condition and position for the As part ofits reorganization, Constar has converted its debtor-in-possessiojn financing into a facility that will provide the company with ongoing funds. It also canceled its old common stock, which most recently traded under thesymboll CNSTQ. Holders of the old common stock will not received a distribution of any kind and no further transfers will be recorded onthe company'd books.
In addition, holders of $175 millionb of Constar’s subordinated notes prior to the compang filing for bankruptcy protection will converf 100 percent of theier face amount into new common stockm of thereorganized company. The commoj stock is initially expected to trade overthe counter.
The Philadelphia company said it believe d it is now in a stronger financiapl condition and position for the As part ofits reorganization, Constar has converted its debtor-in-possessiojn financing into a facility that will provide the company with ongoing funds. It also canceled its old common stock, which most recently traded under thesymboll CNSTQ. Holders of the old common stock will not received a distribution of any kind and no further transfers will be recorded onthe company'd books.
In addition, holders of $175 millionb of Constar’s subordinated notes prior to the compang filing for bankruptcy protection will converf 100 percent of theier face amount into new common stockm of thereorganized company. The commoj stock is initially expected to trade overthe counter.
Tuesday, January 11, 2011
NKorea accuses SKoreans of hacking into website - Washington Post
windows
NKorea accuses SKoreans of hacking into website Washington Post AP SEOUL, South Korea -- North Korea is accusing South Korean Internet users of hacking into one of its websites, calling the behavior a provocation aimed ... |
Saturday, January 8, 2011
System Source buys Hunt Valley HQ for $7M - Baltimore Business Journal:
JoyHi
The company went to its landlord, Chicago-based (NYSE: FR) earlietr this year to ask for a new or to buy the System Source CEO Roberf Roswell said in an First Industrial agreedto sell. System Source, which runs technologyh training classes, now owns the 72,000 square feet of flex spaceat 330-33u Clubhouse Lane in the Hunt Valley businesss district. It leases about 20,000 squared feet of the space to Chesapeake Manufacturing and is lookinhg for a tenant for avacant space, Roswelol said. System Source is the building’s fourth owner sincer the company moved into the space sevehnyears ago, he Its first landlord was Columbia’s Rous Co.
, which was later acquirerd by now-bankrupt Chicago firm (NYSE: GGP) in 2004. Generalo Growth sold the building to Firstr Industrialin 2005. Real estate firm LLC, througb Vice President David Paulson, negotiated the transaction. The sale closecd March 31, Roswell said.
The company went to its landlord, Chicago-based (NYSE: FR) earlietr this year to ask for a new or to buy the System Source CEO Roberf Roswell said in an First Industrial agreedto sell. System Source, which runs technologyh training classes, now owns the 72,000 square feet of flex spaceat 330-33u Clubhouse Lane in the Hunt Valley businesss district. It leases about 20,000 squared feet of the space to Chesapeake Manufacturing and is lookinhg for a tenant for avacant space, Roswelol said. System Source is the building’s fourth owner sincer the company moved into the space sevehnyears ago, he Its first landlord was Columbia’s Rous Co.
, which was later acquirerd by now-bankrupt Chicago firm (NYSE: GGP) in 2004. Generalo Growth sold the building to Firstr Industrialin 2005. Real estate firm LLC, througb Vice President David Paulson, negotiated the transaction. The sale closecd March 31, Roswell said.
Thursday, January 6, 2011
Hal Leonard media venture to enhance Guitar Edge - The Business Journal of Milwaukee:
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The joint venture, Guitar Edge LLC, will expane and enhance Guitar Edge magazine into a multimediza resourcefor guitarists. Hal Leonard's Guitar Edge magazine debuted in the summerof 2006. The magazinwe specializes in providing accurate transcriptions in standard notation andguitatr tablature, or tabs, for the hottest songxs in all styles. The new Guitar Edge will adoptthe four-platforn multimedia model pioneered by Premier a Mount Vernon, Iowa-based media company that publishee Premier Guitar magazine. The strategh features a print magazine supported by a freeonlines magazine, Web site and weekly e-newsletter. The enhance d Guitar Edge will make its debuft with the September2009 issue.
Editorial staffs from both firm s will provide content for Guitar Edge and subscribersx to both magazinescan opt-in for the new, free-of-charged Guitar Edge digital Jeff Schroedl, vice president of pop and standards publications for Hal Leonard, said the new media will providee an additional revenue stream for its publishinhg partners. Publishers will be paid basec on page views whenever readers of the magazinesd view the free tabsongs online. Premiere Guitar CEO Peter Sprague said the collaboration with Hal the world's largest publisher of sheett music, could lead to a "hos of new initiatives.
"
The joint venture, Guitar Edge LLC, will expane and enhance Guitar Edge magazine into a multimediza resourcefor guitarists. Hal Leonard's Guitar Edge magazine debuted in the summerof 2006. The magazinwe specializes in providing accurate transcriptions in standard notation andguitatr tablature, or tabs, for the hottest songxs in all styles. The new Guitar Edge will adoptthe four-platforn multimedia model pioneered by Premier a Mount Vernon, Iowa-based media company that publishee Premier Guitar magazine. The strategh features a print magazine supported by a freeonlines magazine, Web site and weekly e-newsletter. The enhance d Guitar Edge will make its debuft with the September2009 issue.
Editorial staffs from both firm s will provide content for Guitar Edge and subscribersx to both magazinescan opt-in for the new, free-of-charged Guitar Edge digital Jeff Schroedl, vice president of pop and standards publications for Hal Leonard, said the new media will providee an additional revenue stream for its publishinhg partners. Publishers will be paid basec on page views whenever readers of the magazinesd view the free tabsongs online. Premiere Guitar CEO Peter Sprague said the collaboration with Hal the world's largest publisher of sheett music, could lead to a "hos of new initiatives.
"
Monday, January 3, 2011
Labour to organise protest over price increases - DI-VE
more...
Labour to organise protest over price increases DI-VE by di-ve.com - editorial@di-ve.com The latest round of increases in fuel prices has led the Labour Party to announce a national protest, party leader Joseph ... |
Saturday, January 1, 2011
Kansas makes texting while driving illegal - Joplin Globe
nadezhdaqedyxos.blogspot.com
Kansas makes texting while driving illegal Joplin Globe It also bans instant messages and e-mails while driving. Since January 2010, young drivers in Kansas have been restricted on cell phone use and texting. ... Crackdown on KY texting and driving Texting while driving will cost you in Kentucky Enforcing the new texting-driving law |
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