Sydney Morning Herald | Facebook owes users a cut of fortune Sydney Morning Herald Facebook could pay the people who create content on the site, says Yannis Ioannides, a professor of economics at Tufts University. Photo: Bloomberg By my calculation, Mark Zuckerberg, Facebook's founder and chief executive, owes me about $50. Facebook users ask, & #39;where's our cut?' |
Wednesday, February 29, 2012
Facebook owes users a cut of fortune - Sydney Morning Herald
Monday, February 27, 2012
Blu Dot expanding in Rogers, Minneapolis - Minneapolis / St. Paul Business Journal:
The company is moving its headquarters within Minneapolix and its warehouse to a vacanty industrial buildingin Rogers. The two new leases will increaseBlu Dot’ss total real estate square footage to abou 76,000 square feet from the 46,000 square feet it has now for its headquarters and distributiomn operations. The designer and manufacturetr of contemporary furniture is doing well and outgrowintgits space, said CEO and president John Christakos. Blu Dot has aboug 60 employees acrossthe country, includinyg about 35 in the Twin Cities.
Aboutg eight of its employees will move tothe modern, high-ceiling distributioh center at 13098 George Weber Drive in Rogers, which was developeed last year by San Francisco-based Tim Olsen and Petee Mork, brokers at Minnetonka-based Welsh Cos., represented Blu Dot in the industrial-leasd transaction. Mark Sims, a broked at in Minneapolis, represented AMB. Blu Dot’w headquarters and product showroom will move from its current location at 3236California St. N.E. in Minneapolis to about 15,0009 square feet in the Crown Center building at 1323Tylefr St. N.E., which is owned by .
Its new spacde has 40-foot-high wood ceilings, with a lot of glasse and no columns, said Hillcrestt Principal Scott Tankenoff. Blu Dot has won noticwe from design periodicals, as well as big publicationss such as BusinessWeek and The NewYork Times, for furniturs that’s stylish but still affordable. That’e helped the company grow despitsethe recession; it was profitabl last year and in 2009, Christakos expects salez will grow more than 10 percenr to exceed $50 million. It sells its furniture at independent furnituredealers nationwide. In the Twin Cities its full line is available atRoam Interiors, a furniture storee at 813 Glenwood Ave. N., near Internationak Market Square.
Blu Dot opened a flagship storre in the SoHo district of New Yorklast Additionally, the company sells to some largew retailers such as and .
Saturday, February 25, 2012
Promethean PLC Statement re Capital Distribution - Wall Street Journal
Promethean PLC Statement re Capital Distribution Wall Street Journal The ex-date for the capital distribution is 14 March 2012 and the payment date is currently expected to be as soon as practicable after 23 March 2012. The aggregate distribution to be made by the Company to shareholders amounts to GBP2,771170. |
Thursday, February 23, 2012
ABS Capital closes $420M fund - Washington Business Journal:
The Baltimore-based managed buy-out and investmeny firm has eight active portfolio companiess inthe D.C. area. ABS Capital beat its target ofraising $400 million for its sixth fund, which will be used to suppor t about 15 to 20 growingy companies with annual revenue near $20 million. ABS started raisinb money for its newest fund in early just before a noticeable pulling back of limitee partner investors as the economy took a turn for the And at the same time as some other venturse capitalists grew reluctant to attempt tapping them for new Limited partnersin ABS’s new fund include statse employee pension funds such as Pennsylvania State Employees Retirement Partners Healthcare, Abbott Capital and WP Globa Partners, as well as colleger endowments and individual famil offices.
“We are glad that limited partners continued to be enthusiastic about our strategh and share our view that it is a good time to saidPhil Clough, managing general partner for ABS. “We look forwarc to continuing to find interesting growth companiee and work with the CEOs and theirf teams to fully realizretheir opportunity.” ABS focuses on backint expansion-stage companies across the business health care, media and communications and the softwarre industries. The firm has about $2 billion undedr management.
The firm’s most recent win for its general partnerds and limited partner investors occurred in Aprilwhen Arlington-bases Rosetta Stone, which sells language learning went public by raising $112.5 ABS made back three times what it invested in Rosetta Stone, Clough ABS owned 44 percent of the compan y prior to the public offering. The firm now owns a 28 percen stake.
Tuesday, February 21, 2012
Top 10 tech gifts - Dayton Business Journal:
1. Slingbox SOLO: For the travelingt executive, the Slingbox can convertf anyairport terminal, hotel lobbt or boring conference into a TV room with the aid of a laptopp or mobile handheld. It allows people to watch and control theirehome TV, cable DVR, satellite or DVD player--including HD content--frojm anywhere in the world with an Internet connection. The Slingbox stays at home, plugged into the TV and an Internef connection. "That's what I want for Christmas," said Shane senior vice president of client servicedsfor "I was in Dubai and the TV stunk. Therd is only so much you could do and they were watching high jumpinvg andPing Pong.
It would be cool to have that atmy $180 2. N95: This new smartphone is a shinint example ofFinnish engineering, usurping other smartphone for those who aren't being handed a Blackberr from the company coffers or don't want to sign up for a service plan. It boaste a 5-megapixel camera that can also record has a robust medi a player witha 3.5mm headphone jack, a dual-slider design and integratedr satellite-based navigation, Wi-Fi, and . $550 to 3. : We've all done it. Someone hand over a business card that ends up shoved away in a only to vanish among a sea of similar rectanglewhen needed.
Luckily, the palm-sized CardScab scans them in aboutfive seconds, allowing userw to synchronize their contacts with Windows mobile devices and smartphones. CardScan offers free online storage space, allowing users to accessz their contact roster from any Internet Debbie Yount, executive assistant to Bill Pardue, chief executive officer at , said she uses it all the "I was afraid I would have to make a lot of Yount said. "But it does a really good job of recognizintthe text." $150 to $250. 4. Passport (250 GB): Thoughn the Beatles' catalog is valued at around $1.
6 this 250-gigabyte portable hard drive lets folks carr the entire volume inside theif coat pocket forabout $150. The handhel d portable hard drive comes in an assortmenrt of colors that requiresno power. It connects via a USB port into a Mac or PC and can easilyystore 60,000 plus The humongous storage space is also convenient for backingg up information from personal or company notebook computers, whild easily allotting extra space to store the first season of "Thw Office." $140 to $240. 5. iPhone: No tech list is complets withoutan product, and the iPhone is representinhg in force. The iPhone has set a new benchmarjk for an integrated cell phonse andMP3 player.
The device features a sleek and intuitive touchhpad interface. Users can surf the Web, watcu movies, even sort through voice messages visuallyt to avoid repeated calls fromnosy reporters. The catch, of is that the phone is only officially availablethrough . $399 with two-year contract. 6. headphones: As breathtaking as the nighttime view from atop the Empirer State Building is onthe eyes, Ultimatwe Ears headphones might be the audio equivalent. The "triple.f 10 Pro" model, for example, has threre tiny speakers in each earphone, delivering crazy-quality soundr in most any environment, including noisyh airplanes. $400. 7.
PDP-5080HD TV: Whether one enjoys the Ultimat Fighting Championships or wants to be as closse as they canto "McDreamy's" manicurexd stubble -- high-def TV is the way to do it. According to the tech expertswat , there is no bettert way to do it than with the 50-incg Pioneer PDP-5080HD. The magazine touts the slee k TV's clarity and quality saying it produces one of the best pictures its staff hasever tested. $2,500 to $3,500. 8. LifeBoo P1610 Notebook PC: Weighingb a mere 2.2 pounds, this mini-tablet PC packse a lot of power in an extremely tiny Withan 8.
9 inch which can flip "tablet" style to use a stylu to navigate Web sites and applications, the Lifeboomk also has oversized keys, making it easy to type despite the smalk footprint. Available with 1 gigabyte of RAM and an 80GB hard powered by acapable 1.20 GHz low-voltage the mini notebook computer is a greagt choice when mobility is preferred over obtrusive power -- and the shoulder strain that comeas along with it. $1,300 to $2,300. 9. Applee MacBook Pro: With the advent of Boot Camp -- a free downloaf that runs Windows XP onMacs -- the uses for Apples computers have opened up considerably for the high-powered MacBookl Pro.
Available with a 15- and 17-incy display, housed in an aluminum shell, the MacBook's 2.16-GHz Intel Core-Duo processor, ample videl card and 2GB of RAM will let useras run more applications than there are uses forduct $2,000 to $2,800 10. QuickCam Pro 9000 With the proliferation of free videoconferencd applications, all one needs to communicatr face to face from afar is a decenrt webcam. The Pro 9000 is consistentluy considered among the top options and fits well atop a notebool LCD or on a desktop Once purchased, try downloading ooVoo, a standalone desktop application that has both a text and videl chat capabilities.
It's free and enablee smooth video conference with up to six different JP Nauseef, CEO of the , said ooVoo is his application of choice. "I used the technology to communicate with boars members andfamily -- with no he said. $80 to
Sunday, February 19, 2012
Beating the recession by a neck - San Francisco Business Times:
I’d put on a tie. I’ll tell you what a man wearintg atie says. It says, “I’m wearing a Employers like that. Yet, as I look around on my way to work, at going home from work, and on the weekend while workinhg on work I brought home fromwork — I see peopl e not wearing ties. There’s a word for people like tieless. Sometimes I want to grab thesed tieless people bythe lapels, if they have and shake them. “Wake up, buddy,” I want to say. “We’ve got an economivc crisis on our hands, and you’re not wearinhg a tie.” I would be doing a public service.
I realizse that in some circles, ties, both as a fashion statementt and a defenseagainstf unemployment, have fallen out of favor. I oftenm hear people say, “I wouldn’t be caught dead in a tie” or “Tiesd make my neck itch” or “I’jm not wearing no stinking tie.” It makes me want to grab them andshakw them, but I don’t, because I know the quickest way to lose a job, asidre from not wearing a tie, is to get arrester for assault. A guy who wears a tie is too smartfor that. And make no mistake: I’m that guy. Boom or you’ll find me wearingv a tie.
That’s because I know that when bossesw huddle to decide whose heads are goin gto roll, the firstf question they ask is this: “Who’s not wearinbg a tie?” I don’t care what you do for a I don’t care if you drive a That guy in the big rig coming up on your left coulds be your boss. And if you can see him in the side-vieaw mirror, it means he can see you, too. And if he sees you’rer not wearing a tie, it’s too late to put one on. That’as a big 10-4, good buddy, over and out. Ties used to be “qa male consideration.” Some people would have had you believe that only a man coulde weara tie.
A womah wearing a tie was seen as trying to appear too particularly if paired with a splash of This myth was perpetuated by oppressivwe males who knew they coulr increase the odds of keeping their jobs by making sure that half the population went All thathas changed. Yet, even some women think they can get away with not wearinbga tie. They think they wear a scarrf ora shawl, instead. It’s not the same thinhg — not in this economy. Women need to wear Not cravats.
Thursday, February 16, 2012
GM to eliminate 90 Pennsylvania dealerships - The Business Journal of the Greater Triad Area:
That's according to the company's "wind down" list that GM provide d to the U.S. House Energyy and Commerce Committee's subcommittee on oversight and investigations made public as part of a hearingglast Friday. While GM hasn'f made public the specific dealers whoser franchise rights itis terminating, the company revealed that it has targeted 90 of its car dealers in Pennsylvaniaa to be closed in the next 12 to 17 That's 11 more than the next hardest-hitf state, Ohio (79), followed by Illinois (66), California New York (60) and Michigan (58).
GM plana to reduce its dealershi p ranks from morethan 6,000 to an "ideal dealere blue print" of 3,380 Long the biggest auto manufacturer in the United States, GM fileed for Chapter 11 bankruptcy protection from creditorx in United States Bankruptcy Court a little more than two weeke ago. GM is basing its closures on the dealer performance scores that take into account dealers' sales, customer satisfaction, capitalization and While GM's local dealerships to close have not been made the company's plans to reduce its dealet count in Pennsylvania follows Chrysler's May announcement that it woule eliminate 789 dealerships nationwide, which include 53 statewide and 12 in westernn Pennsylvania.
After filing for chapterr 11 in May, the bulk of Chrysler's assets recently exited bankruptc court as part of a new company now owned by Italiabnautomaker Fiat.
Tuesday, February 14, 2012
Kansas City Business Journal: Kansas City Real Estate
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Sunday, February 12, 2012
Six Flags files Chapter 11 bankruptcy - Business First of Louisville:
has initiated Chapter 11 bankruptcy proceedings, Six Flags announcexd Saturday. Six Flags’ (OTCBB: SIXF) boarc of directors on June 12 voted to begin reorganizationb proceedingsin U.S. Bankruptct Court for the District of The company listed assetsof $3.03 billioh and debts of $2.36 billion in its filing. New York-based Six Flags is planning to reorganizsethe company’s financial structure, which management said is feelinbg the pressure of an inherited $2.4 billion debt.
In a lettetr to employees, Six Flags CEO and president Mark Shapir o saidthe company’s debt is left over from previoud management and despite the company making $275 millioj last year, it has been difficult for Six Flagas to improve its balancee sheet when paying out $175 milliomn in interest on debt, Shapiro He added that more than $400 million in debt is due withibn the next 12 months, and the compan y is having to spend $100 million in park improvements in an atmospherwe where refinancing is difficult. Shapiro assurec employees no staff reductionsa will arise out ofthe filing, and employees will continure to be paid and receive benefits.
Shapiro said the bankruptcg plan has the support ofthe company’s lenderzs and the agent administering the company’s $1.1 billion seniotr secured credit facility. Six Flags including Six FlagsGreat America, will continuse to operate as usual underf reorganization. Six Flags sold several propertiezs last year toraise capital. It stil l operates 20 amusement parkws inNorth America.
Friday, February 10, 2012
McKee tries to ease project concerns with YouTube video - Business First of Columbus:
McKee said his company has spentt $1.4 million on mowing lawns, boarding up buildingw and maintaining properties on theNorth “I know that some of you thinlk we haven’t maintained them properly,” he said in a videoi of sitting behind his office’s “Maybe a few years ago we hadn’t, but we have worker very, very hard to do this and to do it rightf … Many people think that we own all the derelictr buildings on the North side, which is certainlg not the case.” He then encouraged resident s to call his office at 636-561-9300 to reportf building maintenance problems.
McKee also tried to ease fears abouty the restoration ofhistoridc buildings, including the , saying that most of the buildings will not be destroyeed and many will be rehabbed. Residents and city leadersa have also raised questions about whether this project is any differentyfrom “The difference is we did not bring this forware until we had enough land to make this McKee said. “That’s why we have been so quiet for fiveyearz … But after spending five years and millions of dollars buying land and analyzing the visiob and creating the I firmly believe this project will Pending a process for capturintg public input and state tax credits, McKee said his company woulf like to start some infrastructurse work in early spring 2010.
The include 3.5 million squaree feet of office space, one millionm square feet of retail space, one million squar feet of servicetech space, four corporate campuses and 10,000 houses in a dozehn different residential neighborhoods spread out over 2,1000 acres.
Wednesday, February 8, 2012
NetApp plans to sell $1.1B of notes - Silicon Valley / San Jose Business Journal:
billion of convertible senior notes duein 2013. Sunnyvale-basedx NetApp (NASDAQ:NTAP) said the 1.75 percent notes will be sold to qualifiedfinstitutional buyers, and the company grantecd the initial purchasers of the notes an option to purchas e up to an additionak $165 million to cover over-allotments. The sale is expected to close onJune 10. The notes will be subject to certain conditions, into cash up to the principal amount ofnotes and, with respect to any excesx conversion value, into shares of NetApp's commonb stock. The initial converstion price ofabout $31.85 per share representsd a premium of 35 percen to the closing price of NetApp'ds common stock on June 4.
In connection with the offering, NetAppo has entered into convertible note hedge transactions with some of which are affiliates of the initial purchasers of the and intends to use a portion of the net proceed from this offering to pay for the convertible notehedgwe transactions. NetApp has also entered into separate warrantt transactions with the hedge counterparties and will use the proceedsd of those warrant transactions to partiall y offset the cost of the convertiblw notehedge transactions. The warrants have an exercisr priceof $41.28, which is about 75 percenft above the closing price of NetApp's common stockm on June 4. NetApp expects to use abour $273.
6 million of the net proceedd of the offering to repurchase sharese of its common stock in negotiated transactions withinstitutional investors.
Monday, February 6, 2012
Green gas could add fizz to Coke - Atlanta Business Chronicle:
Coke is said to be considerinfg tapping two Atlanta landfills as a sourc eof clean-burning natural gas. Methane is naturally produced durinb decomposition oflandfill waste. , which owns the gas righte at DeKalb County’s Live Oak hopes to process methane gas from the nearby Hickory Ridge landfillinto clean-burning natural gas. An out-of-statre utility has expressed interest in investing in the asource said. “There’s no secret that we have talkecd to a number of potential partners about joinin us onthe [Livde Oak] project,” Jacoby Group’s John Borden said. Those potential partnerz include utilities and privateequity investors.
Negotiations are undeer way, but “we do not have the entire deal even under letterof intent, much less said an official with Atlanta-basecd Global Energy Systems, a subsidiary of (Amex: Global Energy paid more than $3 million to acquirer the Hickory Ridge landfill gas purchase While Coca-Cola declined to comment on any involvement with the potentialo landfill project, the company wants to add some greenn to its trademark red. “Our aspirationalk goal is to growthe business, not the said Bruce Karas, director of sustainability, environmen t and safety at Coca-Cola North America.
“Energh projects are really the sweet spot for Live Oak is the largest renewable energyt program involving methane gas in the state and one of two operatione of its kindin Georgia. The landfill, which closedr in 2004 and is said to have an atleasgt 20-year supply of methane, producee enough natural gas to fuel about 22,00o0 homes. The conversion method used at Live Oak involves capturinfg the emittedmethane gas, removing the compressing the gas and filtering it through a membrans to remove impurities. Jacoby has partnered with to distribute the naturapl gas generated atLive Oak. “Anyu deal we do would preserves theexisting relationships,” Borden noted.
The Hickory Ridge landfill is expecteds to produce atleast 2,000 standardr cubic feet of landfill gas per Mike Ellis, president of Global Energy Systema told Biomass Magazine in February. Global Energy will construc t a pipeline to transport it to its gas conditioning where it will be converted into a saleable energy product, the magazine noted. Globa l Energy, which has gotten hit by the is sellingassets — including real estat e — to raise cash to invest in its landfill gas and energy services business, Ellie told Atlanta Business Chronicle. “We are liquidatinvg assets and selling assets to put intoenergy products,” Elliw said.
In April, the diversified renewable energy company’xs accounting firm issued a “going concern qualification” raising substantial doubt about its abilit y to remainin Coca-Cola is investing in long-term “energy innovation” such as fuel cell technologyh to power its facilitiess and direct fire water-heating technologhy — nearly a third more efficient than conventional boiler — for syrup manufacturing. The company switchec 70 percent of its fleet of 800 sales vehicleas to hybridslast year. As of summer 2008, the company had save about $400,000 in fuel costs, Karaz said. At its Paw Paw, Mich.
-based juice manufacturing Coke is recycling produced in the wastewatertreatment process, into an energ y source to power boilers. That processd promises to reducethe plant’s naturall gas consumption by 10 percent and save Coke “hundreds of thousandsw of dollars” annually. Coke plans to reduces its global CO2 emissions by 5 percentby 2015, Karas “Only by doing these kinds of combinations of efficienc plus innovation can you get there,” he The return on investmeng for environmental sustainability, Karas said, cannot be measurer just by the corporate bottom-line.
“If I can have a projectr that gives me a 10 percent offset on a naturap resourcethat I’m the savings are huge,” he said. “There’s reall not an issue with justifying
Friday, February 3, 2012
Prospective student who locked puppy in trunk will not be admitted to ... - Dearborn Press and Guide
Prospective student who locked puppy in trunk will not be admitted to ... Dearborn Press and Guide By J. Patrick Pepper A woman who hopes to become a veterinary technician was cited for animal cruelty Tuesday after police found a puppy in the trunk of her car at Dearborn's Sanford-Brown College. Sanford-Brown Campus President Roger Hosn said the ... Crime Report: Prospective Veterinary Student Caught With Dog in Trunk |
Wednesday, February 1, 2012
How many Ferris Bueller references have you spotted in Matthew Broderick's ... - CBS News
How many Ferris Bueller references have you spotted in Matthew Broderick's ... CBS News (CBS) Now that there's been a day to let the full-length "Ferris Bueller's Day Off"-inspired Honda CR-V commercial set in, how many references to the John Hughes classic have you spotted? Honda brand manager Tom Peyton told The Chicago Tribune that the ... |