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A class-action lawsuit brought by Jou Chau, a formerr barista for Starbucks (Nasdaq: SBUX), alleged that the coffee chain’s policy allowing shift supervisors to share in tip moneu that customers place in jars violated Californislabor laws. A San Diego lower court sidef with Chau in the suit and awardede morethan $86 million in damagess but on Tuesday, that ruling was overturned. “We conclude the triao court erred in rulingthat Starbucks'ss tip-allocation policy violated California law.
The applicabl statutes do not prohibit Starbucks from permittingg shift supervisors to share in the proceeds placed in collectivstip boxes,” wrote Fourth Appellate District Court judges, in theid decision. Chau alleged that Starbucks’ shift supervisor s should be considered managers and not eligiblfor tip-sharing. Shift supervisors perform various dutiesd atthe company’s stores, such as making coffee drinks, cleaninb tables, cleaning bathrooms and working the cash and Chau said they shouldn’ty be allowed to share in the tips collected in the plastic containeras at each store location.
The lowert court awarded more than $86 million in damages plus with the total award estimated at morethan $100 Starbucks countered that all baristas and shifr supervisors are eligible to share in tips, and the appeals courtf agreed. “It is undisputed here that the tippingv public intended to collectively tip both the baristas and the shiftysupervisors — for their work as a ‘team,’” wrotre the appeals court.
Wednesday, August 31, 2011
Monday, August 29, 2011
Hemispherx getting closer to satisfying application issues - Philadelphia Business Journal:
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In December, the Food and Drug Administratioj told Hemispherx its application forAmpligen -- a controversial new drug candidated that has been underf development for more than three decaded -- was incomplete. Hemispherx officials said part of the problem with its filingf was tied to changes in clinicao data reporting guidelines that have occurred since the initial studies on Ampligen were conductexd in the late 1980s and early The company has subsequently submitted a clarifyin amendment to its application and hada face-to-face meetinyg with FDA officials. Hemispherx, led by Dr.
Williamk Carter, said it has reducefd the number of items it now must accomplish to submirt a complete NDA from the originalp 14to five. The companyy said it plans to address the remaining five items through a series of additiona amendments to its new drug The unresolved items all relatwto clarifying, or providingh additional, clinical trial data. "While the compangy is optimistic as to the progrese of theNDA filing, there are no assurances that the FDA will accepft the amended NDA for review, and if acceptedx there are no assurances that the NDA will be Hemispherx said in a statement.
Hemispherx's submission includes study data covering morethan 1,20o0 patients who were administered more than 90,000 dosesa of Ampligen. BioNJ is joining forces with the New York Biotechnology Association for a networking cruise on theHudsonn River. The "NewX2 BioCruise" will take placer March 25 aboard the World Yacht Princess Sol Barer, chairman and CEO of Celgene Corp., and Colin CEO of OSI Pharmaceuticals, will be the featuree speakers for the events. Tickets are $150 for memberws of the biotech trade groupsand $105 for nonmembers ... of Fort Washingtonn hired Dr. Richard Gregg as chief science officer.
Gregfg was previously with Bristol where he was vice president of clinical discovery. Gregg's appointment is part of a formal succession plan to allowVitae co-founder Dr. Jack Baldwi to step back from day-to-day oversight of the company'e research programs and focus onthe Vitae'zs long-term strategic, scientific and technica planning ... Joel F. Smituh was named chairman of Elkins Park-based BioStrategty Partners Inc., a nonprofit servic e organization thatassists early-stage life sciences companies in the region. Smithg succeeds former chairwomanPatricia Weeks, who recently retired as vice presidentf of planning and business development at .
Weekz was named chair emeritus of Smith is principaland co-founderr of The People Source Group, a human resources and information technology consulting firm based in Maple Glen ... of Malvernj initiated of a multicenter clinical trial for Reslizumab, its experimental treatment of eosinophilic esophagitis in pediatricf patients. Eosinophilic esophagitis, a condition for which there isno cure, is a chronic inflammatory diseasse characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enroll about 172 patientsz intoits phase-II/III clinica trial.
Phase III trials are the last step a companh takes before seeking approval for a new drugcandidate ... received notification from the NASDAQ stockk market that the company has regainede compliancewith NASDAQ's $1 minimumk bid price requirement for continuex listing. The Montgomeryville medical device maker had till May 19 to regaih compliance with the minimujm bidprice rule.
In December, the Food and Drug Administratioj told Hemispherx its application forAmpligen -- a controversial new drug candidated that has been underf development for more than three decaded -- was incomplete. Hemispherx officials said part of the problem with its filingf was tied to changes in clinicao data reporting guidelines that have occurred since the initial studies on Ampligen were conductexd in the late 1980s and early The company has subsequently submitted a clarifyin amendment to its application and hada face-to-face meetinyg with FDA officials. Hemispherx, led by Dr.
Williamk Carter, said it has reducefd the number of items it now must accomplish to submirt a complete NDA from the originalp 14to five. The companyy said it plans to address the remaining five items through a series of additiona amendments to its new drug The unresolved items all relatwto clarifying, or providingh additional, clinical trial data. "While the compangy is optimistic as to the progrese of theNDA filing, there are no assurances that the FDA will accepft the amended NDA for review, and if acceptedx there are no assurances that the NDA will be Hemispherx said in a statement.
Hemispherx's submission includes study data covering morethan 1,20o0 patients who were administered more than 90,000 dosesa of Ampligen. BioNJ is joining forces with the New York Biotechnology Association for a networking cruise on theHudsonn River. The "NewX2 BioCruise" will take placer March 25 aboard the World Yacht Princess Sol Barer, chairman and CEO of Celgene Corp., and Colin CEO of OSI Pharmaceuticals, will be the featuree speakers for the events. Tickets are $150 for memberws of the biotech trade groupsand $105 for nonmembers ... of Fort Washingtonn hired Dr. Richard Gregg as chief science officer.
Gregfg was previously with Bristol where he was vice president of clinical discovery. Gregg's appointment is part of a formal succession plan to allowVitae co-founder Dr. Jack Baldwi to step back from day-to-day oversight of the company'e research programs and focus onthe Vitae'zs long-term strategic, scientific and technica planning ... Joel F. Smituh was named chairman of Elkins Park-based BioStrategty Partners Inc., a nonprofit servic e organization thatassists early-stage life sciences companies in the region. Smithg succeeds former chairwomanPatricia Weeks, who recently retired as vice presidentf of planning and business development at .
Weekz was named chair emeritus of Smith is principaland co-founderr of The People Source Group, a human resources and information technology consulting firm based in Maple Glen ... of Malvernj initiated of a multicenter clinical trial for Reslizumab, its experimental treatment of eosinophilic esophagitis in pediatricf patients. Eosinophilic esophagitis, a condition for which there isno cure, is a chronic inflammatory diseasse characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enroll about 172 patientsz intoits phase-II/III clinica trial.
Phase III trials are the last step a companh takes before seeking approval for a new drugcandidate ... received notification from the NASDAQ stockk market that the company has regainede compliancewith NASDAQ's $1 minimumk bid price requirement for continuex listing. The Montgomeryville medical device maker had till May 19 to regaih compliance with the minimujm bidprice rule.
Saturday, August 27, 2011
Duke reaches Save-A-Watt settlement - Washington Business Journal:
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The Southern Environmental Law Center, which was the lead legao team for theenvironmental groups, announced the settlementg Friday morning. It callss for Save-A-Watt to reduce energy demand by 2 percen t over the nextfour years. It sets a target of reducing demand by as much as 8 percenyby 2020. The environmental groups say that wouldd be the equivalent of the annuakl outputfrom Duke’s 825-megawatt expansion at the controversialk Cliffside coal plant on the border of Clevelansd and Rutherford counties. The groups say that capping Duke’ss profits will protect consumers from unreasonably high chargez forenergy efficiency.
Greater conservation effortsa and lower costs were key issuea for environmental groups and the Public Staffr ofthe N.C. Utilities Commission, which represents customer interest inutility cases, as they fought Duke for two year s over Save-A-Watt. Michael Regan, southeasft regional air-policy expert for the Environmental Defensee Fund says the environmental groups believ the settlement makes the program betterfor customers, the environment and for Duke. He says the groups want to supporg utilities in their efforts toprovide energy-efficiency programs.
And he says incentivez built into the settlement that allow Duke to increase its rate of return based on achievingy specified efficiency targets accomplishthat goal. Duke also got what it considersx animportant concession. Duke will be allowef to make a return on part of what it would have cost to buil d power plants to provide the energy theprogram saves. Duke has said eliminating compensatiobn based onsuch “avoided would be a deal-breaker. Duke contends such compensatiom puts efficiency on a more equal footinf with electricity sales forgenerating profits.
Withoutt that kind of Duke has said, efficiency would alwayz take a back seatin utilities’ business “The fact that the avoided-cost model is in there, that it’ws based on pay-for-performance and that it is up to us to make sure the programa really work were all keys to the settlement for says company spokesman Tim Pettit. The public stafd and environmental groups had opposedthe avoided-costs largely on fears that it couldr provide Duke with unreasonable profits. The publicd staff also worried abouf departing from standard regulatory InNorth Carolina, utilities are generallyy allowed to make a return on the monet they spend.
An avoided-costs model breaks that connection and offera Duke a return on money it doesnot spend. But an important concessiob to the public staff was a decision tomake Save-A-Watgt a four-year pilot initiative. The N.C. Utilities Commission will review the prograk at the end of that period and decide whether it has performed well enough to bemade permanent. The avoide d costs outlined in the settlement will track the modelp Ohio adoptedfor Duke’s versiomn of the Save-A-Watt program in that state. It reduces the percentage of avoidesd costs on which Duke can earna return.
Duke had originally asker to make a rate of return on 90 percent of what it woulcd have cost to provide the energy thatwas saved. Under the settlement, Duke will get a return on 50 percent of the avoided costxsfor energy-conservation programs and 75 percent of the avoided costws for programs that shift use away from peak Like in Ohio, the settlement lets Duke covef what are called “lost margins.” Several environmental groupa have recognized the need to alloq Duke to recover those fixed costs for generatinb and delivering electricity when efficiency programs reduce demand. The settlement announced Friday will form the basis ofa Save-A-Watt proposal Duke will make to S.C.
regulators this The S.C. Public Service Commissiohn rejected Duke’s first proposal in February. Save-A-Watt is an energy-efficiency initiative Duke has been toutingfor years. The proposal comprises a seried of programs to help customers use less electricity or shift their use of powerfrom peak-demand hoursa to low-use times. Some of the programs — such as discountx for energy-saving light bulbs and financial incentives tobuy high-efficiency appliances — started June 1 in both Carolinas. But neither state has approved thefull initiative. The has led the environmentap groups in dissectingthe program.
Opponentsd contended the original proposal wouled reward Duke too handsomely and primarily for shifting the use of electricity frombusy times. That wouldx conserve little energy but save utilities Steve Smith, executive director of the alliance, says his group’s concerj from the beginning was to make sure Save-A-Watr resulted in significant reductionds in energy use. In Nort h Carolina, the commission approved Save-A-Watt’s programs but withhelrd judgmenton Duke’s compensation. The commission asked for additiona l comments on the As opponents were formulatinv their responses tothat request, they and Duke resumeds negotiations in North Carolina.
Any settlement here could create a template for the prograjm inSouth Carolina. One key feature of the compromise will be the creatioh of an advisory group that will assist in reviewintgfor Save-A-Watt. Duke Energy Carolina is a divisionof Charlotte-based
The Southern Environmental Law Center, which was the lead legao team for theenvironmental groups, announced the settlementg Friday morning. It callss for Save-A-Watt to reduce energy demand by 2 percen t over the nextfour years. It sets a target of reducing demand by as much as 8 percenyby 2020. The environmental groups say that wouldd be the equivalent of the annuakl outputfrom Duke’s 825-megawatt expansion at the controversialk Cliffside coal plant on the border of Clevelansd and Rutherford counties. The groups say that capping Duke’ss profits will protect consumers from unreasonably high chargez forenergy efficiency.
Greater conservation effortsa and lower costs were key issuea for environmental groups and the Public Staffr ofthe N.C. Utilities Commission, which represents customer interest inutility cases, as they fought Duke for two year s over Save-A-Watt. Michael Regan, southeasft regional air-policy expert for the Environmental Defensee Fund says the environmental groups believ the settlement makes the program betterfor customers, the environment and for Duke. He says the groups want to supporg utilities in their efforts toprovide energy-efficiency programs.
And he says incentivez built into the settlement that allow Duke to increase its rate of return based on achievingy specified efficiency targets accomplishthat goal. Duke also got what it considersx animportant concession. Duke will be allowef to make a return on part of what it would have cost to buil d power plants to provide the energy theprogram saves. Duke has said eliminating compensatiobn based onsuch “avoided would be a deal-breaker. Duke contends such compensatiom puts efficiency on a more equal footinf with electricity sales forgenerating profits.
Withoutt that kind of Duke has said, efficiency would alwayz take a back seatin utilities’ business “The fact that the avoided-cost model is in there, that it’ws based on pay-for-performance and that it is up to us to make sure the programa really work were all keys to the settlement for says company spokesman Tim Pettit. The public stafd and environmental groups had opposedthe avoided-costs largely on fears that it couldr provide Duke with unreasonable profits. The publicd staff also worried abouf departing from standard regulatory InNorth Carolina, utilities are generallyy allowed to make a return on the monet they spend.
An avoided-costs model breaks that connection and offera Duke a return on money it doesnot spend. But an important concessiob to the public staff was a decision tomake Save-A-Watgt a four-year pilot initiative. The N.C. Utilities Commission will review the prograk at the end of that period and decide whether it has performed well enough to bemade permanent. The avoide d costs outlined in the settlement will track the modelp Ohio adoptedfor Duke’s versiomn of the Save-A-Watt program in that state. It reduces the percentage of avoidesd costs on which Duke can earna return.
Duke had originally asker to make a rate of return on 90 percent of what it woulcd have cost to provide the energy thatwas saved. Under the settlement, Duke will get a return on 50 percent of the avoided costxsfor energy-conservation programs and 75 percent of the avoided costws for programs that shift use away from peak Like in Ohio, the settlement lets Duke covef what are called “lost margins.” Several environmental groupa have recognized the need to alloq Duke to recover those fixed costs for generatinb and delivering electricity when efficiency programs reduce demand. The settlement announced Friday will form the basis ofa Save-A-Watt proposal Duke will make to S.C.
regulators this The S.C. Public Service Commissiohn rejected Duke’s first proposal in February. Save-A-Watt is an energy-efficiency initiative Duke has been toutingfor years. The proposal comprises a seried of programs to help customers use less electricity or shift their use of powerfrom peak-demand hoursa to low-use times. Some of the programs — such as discountx for energy-saving light bulbs and financial incentives tobuy high-efficiency appliances — started June 1 in both Carolinas. But neither state has approved thefull initiative. The has led the environmentap groups in dissectingthe program.
Opponentsd contended the original proposal wouled reward Duke too handsomely and primarily for shifting the use of electricity frombusy times. That wouldx conserve little energy but save utilities Steve Smith, executive director of the alliance, says his group’s concerj from the beginning was to make sure Save-A-Watr resulted in significant reductionds in energy use. In Nort h Carolina, the commission approved Save-A-Watt’s programs but withhelrd judgmenton Duke’s compensation. The commission asked for additiona l comments on the As opponents were formulatinv their responses tothat request, they and Duke resumeds negotiations in North Carolina.
Any settlement here could create a template for the prograjm inSouth Carolina. One key feature of the compromise will be the creatioh of an advisory group that will assist in reviewintgfor Save-A-Watt. Duke Energy Carolina is a divisionof Charlotte-based
Thursday, August 25, 2011
ICP seeks OK to revamp proposed development - Orlando Business Journal:
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Suburban Land Reserve — which bought four International Corporate Park parcels plus several surroundingf parcels in 2007for $113.1q million — sought to modify the plan in but didn’t get the required However, the Orange County Loca l Planning Agency on May 21 gave the development firm a thumbs-upl to roughly double the amount of office and retail space. It needd one more OK from the county commissioj on June 23 before it can submit plan change s tothe .
The state must approve any changes to Internationak Corporate Park because it initially was approvesd as a development of regionalimpact — a larg development that affects the resources, facilitiee and residents of more than one county due to its location or type. Suburban Land Reserve attorney Wayne Rich said the planned changes to make Internationak Corporate Parkmore transit-oriented a residential and commercial area centered around access to publix transportation — would better aligh it with Innovation Way, the corridor slatecd to link Lake Nona’s “medicalo city” and in the south to Central Floridaa Research Park in the “We wanted to add provisions for commuter rail and potential lightg rail that were not in the previou s plan,” said Rich.
To encouragwe more public transit-type development, Suburban Land Reservd wants to increasethe project’e density, partly by shifting the previouslyu planned 3,440 residential units in International Corporate Park from beinbg mostly single-family homes to more apartments and live-work units above commercial property. The county is working to designate Innovation Way as a multimodaltransportation district, a strategy whered the requirement that enough roads be available to supporgt development is based on all modes of not just cars and That designation would require development in the area to includes more street connectivity, a mix of land uses and urbann design to encourage more walking, biking and publid transit.
That designation also woule make International Corporate Park and Innovation Way a more viablse destination for companies andtheir workers, said Jim chief financial officer with LLC — formerlyg LLC, which did commercial development in east Orlando. “Yoju have to find an efficient way to move peoplew up and downthat corridor, so anything ther e needs to be oriented to Suburban Land Reserve also is working with the county and the Expressway Authority to extend Alafaya Trail to State Road 528 — knownj as Road E. The Road E agreemen t will go to the county commission for approvap onJune 2.
High-paying, high-tec h jobs International Corporate Park’s amended plan also woulds increase the area under contract to be marketexd by Central FloridaResearch Park, the 1,000-acre office park near the ’ s main campus that caters to high-tecn firms. Research Park, which initially planneed to build 3 million square feet in International Corporate wouldhave 3.5 milliob square feet under the amended plan. Joe Wallace, Research Park’s executivd director, said the existing park near UCF shoulc max outat 18,000 high-wage jobs in the next six or seveb years, but there’s still a need to creater more high-paying, high-tech jobs along the Innovatioj Way corridor.
“My goal is to fill this from UCF to OrlandoInternational Airport.
Suburban Land Reserve — which bought four International Corporate Park parcels plus several surroundingf parcels in 2007for $113.1q million — sought to modify the plan in but didn’t get the required However, the Orange County Loca l Planning Agency on May 21 gave the development firm a thumbs-upl to roughly double the amount of office and retail space. It needd one more OK from the county commissioj on June 23 before it can submit plan change s tothe .
The state must approve any changes to Internationak Corporate Park because it initially was approvesd as a development of regionalimpact — a larg development that affects the resources, facilitiee and residents of more than one county due to its location or type. Suburban Land Reserve attorney Wayne Rich said the planned changes to make Internationak Corporate Parkmore transit-oriented a residential and commercial area centered around access to publix transportation — would better aligh it with Innovation Way, the corridor slatecd to link Lake Nona’s “medicalo city” and in the south to Central Floridaa Research Park in the “We wanted to add provisions for commuter rail and potential lightg rail that were not in the previou s plan,” said Rich.
To encouragwe more public transit-type development, Suburban Land Reservd wants to increasethe project’e density, partly by shifting the previouslyu planned 3,440 residential units in International Corporate Park from beinbg mostly single-family homes to more apartments and live-work units above commercial property. The county is working to designate Innovation Way as a multimodaltransportation district, a strategy whered the requirement that enough roads be available to supporgt development is based on all modes of not just cars and That designation would require development in the area to includes more street connectivity, a mix of land uses and urbann design to encourage more walking, biking and publid transit.
That designation also woule make International Corporate Park and Innovation Way a more viablse destination for companies andtheir workers, said Jim chief financial officer with LLC — formerlyg LLC, which did commercial development in east Orlando. “Yoju have to find an efficient way to move peoplew up and downthat corridor, so anything ther e needs to be oriented to Suburban Land Reserve also is working with the county and the Expressway Authority to extend Alafaya Trail to State Road 528 — knownj as Road E. The Road E agreemen t will go to the county commission for approvap onJune 2.
High-paying, high-tec h jobs International Corporate Park’s amended plan also woulds increase the area under contract to be marketexd by Central FloridaResearch Park, the 1,000-acre office park near the ’ s main campus that caters to high-tecn firms. Research Park, which initially planneed to build 3 million square feet in International Corporate wouldhave 3.5 milliob square feet under the amended plan. Joe Wallace, Research Park’s executivd director, said the existing park near UCF shoulc max outat 18,000 high-wage jobs in the next six or seveb years, but there’s still a need to creater more high-paying, high-tech jobs along the Innovatioj Way corridor.
“My goal is to fill this from UCF to OrlandoInternational Airport.
Monday, August 22, 2011
The Business Review (Albany): Albany Commercial Real Estate Listings - View Commercial Real Estate
http://kabobandcurry.com/recipes/2.htm
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Saturday, August 20, 2011
Another BofA board member resigns - Jacksonville Business Journal:
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Robert Tillman, a formedr Lowe’s Cos. Inc. chief executive, resignef from the BofA board effectiveMay 29. The bank announcecd the move Thursday evening in a filing with the Securities andExchange Commission. The filing says Tillman’s resignation was not related to a disagreement with the bank orits management. A reasoj for his decision has not been provided bythe bank, and BofA officialds could not be reached Thursday evening. Tillman has been a directoer since 2005. During his tenure, he served on the asser quality committee andexecutive committee. Late last week, the bank announcec former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloanj was a BofA director for13 years. Durinhg his tenure, he served as chairmajn of both the executive committee and the compensatiobn andbenefits committee. He also was a memberd of the corporategovernance committee. BofA’sz board has been under intense scrutiny in receng months as the bank suffered througyh asharp stock-price decline after acquiringt Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivesd $45 billion in taxpayer aid.
At the bank’se annual meeting in late shareholders voted to strip Chief Executive Kenneth Lewis of his position asboarsd chairman. Walter Massey was installed as the new chairman and has indicateds the board needs tobe re-evaluated. Lewis remains the bank’s CEO and
Robert Tillman, a formedr Lowe’s Cos. Inc. chief executive, resignef from the BofA board effectiveMay 29. The bank announcecd the move Thursday evening in a filing with the Securities andExchange Commission. The filing says Tillman’s resignation was not related to a disagreement with the bank orits management. A reasoj for his decision has not been provided bythe bank, and BofA officialds could not be reached Thursday evening. Tillman has been a directoer since 2005. During his tenure, he served on the asser quality committee andexecutive committee. Late last week, the bank announcec former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloanj was a BofA director for13 years. Durinhg his tenure, he served as chairmajn of both the executive committee and the compensatiobn andbenefits committee. He also was a memberd of the corporategovernance committee. BofA’sz board has been under intense scrutiny in receng months as the bank suffered througyh asharp stock-price decline after acquiringt Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivesd $45 billion in taxpayer aid.
At the bank’se annual meeting in late shareholders voted to strip Chief Executive Kenneth Lewis of his position asboarsd chairman. Walter Massey was installed as the new chairman and has indicateds the board needs tobe re-evaluated. Lewis remains the bank’s CEO and
Thursday, August 18, 2011
Red Sox TV viewership off 14 percent - Phoenix Business Journal:
inupujyfab1211.blogspot.com
The Sox still dominate the local airwaves during game logging the highest local viewerf ratings amongall teams, according to a recent analysis by Street & Smith’s Sportx Business Journal. The Sports Business Journal is ownedr by American CityBusiness Journals, the parent of the Bosto n Business Journal. Sox games on New Englanxd SportsNetwork (NESN) were broadcasted into an average of 209,00 0 households during the period analyzed, down 12 percenyt from the year-earlier span. As a percentage of the local television audience, the Sox’s average rating of 8.67 was down 14 percentr on a year-over-year basis.
The team’ s local market-share average is still the highest among allMLB teams. MLB has registered relativelu flat year-to-date ratings on its FOX and TBS broadcastx anda 15.4 percent decline in ESPN-affiliatede broadcasts. The Sports Business Journa calculated the ratings and viewership averages byanalyzingf data. As of June 5, the Sox were tied with the for firstt place atop the Americanb League EastDivision standings.
The Sox still dominate the local airwaves during game logging the highest local viewerf ratings amongall teams, according to a recent analysis by Street & Smith’s Sportx Business Journal. The Sports Business Journal is ownedr by American CityBusiness Journals, the parent of the Bosto n Business Journal. Sox games on New Englanxd SportsNetwork (NESN) were broadcasted into an average of 209,00 0 households during the period analyzed, down 12 percenyt from the year-earlier span. As a percentage of the local television audience, the Sox’s average rating of 8.67 was down 14 percentr on a year-over-year basis.
The team’ s local market-share average is still the highest among allMLB teams. MLB has registered relativelu flat year-to-date ratings on its FOX and TBS broadcastx anda 15.4 percent decline in ESPN-affiliatede broadcasts. The Sports Business Journa calculated the ratings and viewership averages byanalyzingf data. As of June 5, the Sox were tied with the for firstt place atop the Americanb League EastDivision standings.
Tuesday, August 16, 2011
Sunday, August 14, 2011
At the Finnish line - The Hindu
zyluzugizovota.blogspot.com
The Hindu | At the Finnish line The Hindu And during Christmas, the official home town of Santa Claus and the heart of Lapland Rovaniemi is bustling with visitors from all over the world. The quaint towns of Raahe, Kajaani, Taivolkoski and Happavesi nestled among the vast swathes of Pine ... |
Thursday, August 11, 2011
Palm Beach County clerk cuts 66 employees - St. Louis Business Journal:
http://www.dsp-world.com/2000/oct1.html
million, or 18 percent, reductioh in the office’s budget by July 1, county clerm Sharon Bock said in anews release. The cuts are expectes to “significantly impact service levels atthe Clerk’s sevenb Palm Beach County locations,” she noted in the The required staff cuts leav e the office with fewer people to pursued and collect millions of dollars in unpaid traffic and court which will lead to more budget cuts.
“It’zs a vicious cycle designed to underfund usinto extinction,” she Thirty-two employees accepted a buyout offer this month and will leavee June 30 with a full payout on theifr sick leave, rather than the normalo 25 percent to 50 percent offered under current terminatiohn policies. On May 29, an addition 34 employeeas were told during staff meetingsx that they were beinglaid off, effective June 12. They will receive four week s of pay. With these layoffx and the positions previously the office has cut 101 positions -- 16 percent of management positions and 12 percentf of hourly positions -- in the past year.
The Clerki & Comptroller’s Office, which employss more than 800 in offices throughout PalmBeachj County, handles the business arm of the cour system. Employees receive, file and retrieved court documents, process fees and traffic and enter and maintain case information inthe court’ computer system.
million, or 18 percent, reductioh in the office’s budget by July 1, county clerm Sharon Bock said in anews release. The cuts are expectes to “significantly impact service levels atthe Clerk’s sevenb Palm Beach County locations,” she noted in the The required staff cuts leav e the office with fewer people to pursued and collect millions of dollars in unpaid traffic and court which will lead to more budget cuts.
“It’zs a vicious cycle designed to underfund usinto extinction,” she Thirty-two employees accepted a buyout offer this month and will leavee June 30 with a full payout on theifr sick leave, rather than the normalo 25 percent to 50 percent offered under current terminatiohn policies. On May 29, an addition 34 employeeas were told during staff meetingsx that they were beinglaid off, effective June 12. They will receive four week s of pay. With these layoffx and the positions previously the office has cut 101 positions -- 16 percent of management positions and 12 percentf of hourly positions -- in the past year.
The Clerki & Comptroller’s Office, which employss more than 800 in offices throughout PalmBeachj County, handles the business arm of the cour system. Employees receive, file and retrieved court documents, process fees and traffic and enter and maintain case information inthe court’ computer system.
Tuesday, August 9, 2011
Lawmakers make only small tweak to margin tax - Dallas Business Journal:
http://gigaward.com/?p=33
Fast-forward to fall 2008, and the globao recession that derailedthat pledge. “Everythingg everyone wanted to do involved a decreaswin taxes,” said Dale Craymer, chief economistg for the Texas Taxpayers and Researcbh Association. “It was not a session for tax Nevertheless, the Legislature gave a tax break to anestimates 40,000 small businesses in Texas by exemptinv companies making less than $1 million from the state’se business margin tax, according to the Texas Comptroller’s Office. The exemptio n bar was originally setat $300,000 annuaol revenue.
The move, while modest in termsx of changes to thebusiness tax, will cost the stats about $172 million in revenue over the next two The business margin tax raised about $4.3 billion in the 2008 fiscal year, but was originallyg projected to raise $6 billion The money goes to support publi education in Texas. The $172 millio n reduction in the coming two years is too greata cut, said Dick senior fiscal analyst for the Center for Public Policy “We’re against any reduction in revenue untio we’ve met all basi c needs,” he said. “We’re clearlt under-funding public education and transportation.
We need to make the basic investmenta before we goreducing revenue.” While pro-business groups generally supported the tax breaki for small businesses, it’s only a smalol consolation prize when compared with the sort of businesss tax overhaul they had hoped for. A similarf bill sponsored by statw Sen. Dan Patrick, R-Houston, would have reduced tax rateds for businesseswith $1 million to $10 millioh annual revenue. The margin tax, whicu replaced a state franchise tax at the behesf of the Texas Supreme Courtin 2006, hasn’tt produced as much revenue as originally projected, and now will have fewee businesses paying into it than its predecessor did, Craymert said.
That’s the opposite of its origina l purpose: To spread the tax burdej across a greater rangeof businesses. we’re moving away from that and actually shrinkiny the number of he said. The exemption measure, sponsored by Rep. Rene Oliveira, passed both houses and next goes to the Some 451,000 entities in the state fall below the $300,000-revenuee threshold. The larger exemption of $1 milliob is set to expire and revert tothe $300,000 bar in 2012.
“A business grossing under $1 million is a very small firm, but they are the futurr mid-sized and large businessexs ofthe state,” said Laura spokeswoman for the Texas office of the National Federatiojn of Independent Business. She said that Texas’ business tax policy was created under deadline stresa and the current recession prevented meaningful After the close of this legislators and policy experts will embark on a deepefr study of the fairest method for Texas businesseds topay taxes.
Fast-forward to fall 2008, and the globao recession that derailedthat pledge. “Everythingg everyone wanted to do involved a decreaswin taxes,” said Dale Craymer, chief economistg for the Texas Taxpayers and Researcbh Association. “It was not a session for tax Nevertheless, the Legislature gave a tax break to anestimates 40,000 small businesses in Texas by exemptinv companies making less than $1 million from the state’se business margin tax, according to the Texas Comptroller’s Office. The exemptio n bar was originally setat $300,000 annuaol revenue.
The move, while modest in termsx of changes to thebusiness tax, will cost the stats about $172 million in revenue over the next two The business margin tax raised about $4.3 billion in the 2008 fiscal year, but was originallyg projected to raise $6 billion The money goes to support publi education in Texas. The $172 millio n reduction in the coming two years is too greata cut, said Dick senior fiscal analyst for the Center for Public Policy “We’re against any reduction in revenue untio we’ve met all basi c needs,” he said. “We’re clearlt under-funding public education and transportation.
We need to make the basic investmenta before we goreducing revenue.” While pro-business groups generally supported the tax breaki for small businesses, it’s only a smalol consolation prize when compared with the sort of businesss tax overhaul they had hoped for. A similarf bill sponsored by statw Sen. Dan Patrick, R-Houston, would have reduced tax rateds for businesseswith $1 million to $10 millioh annual revenue. The margin tax, whicu replaced a state franchise tax at the behesf of the Texas Supreme Courtin 2006, hasn’tt produced as much revenue as originally projected, and now will have fewee businesses paying into it than its predecessor did, Craymert said.
That’s the opposite of its origina l purpose: To spread the tax burdej across a greater rangeof businesses. we’re moving away from that and actually shrinkiny the number of he said. The exemption measure, sponsored by Rep. Rene Oliveira, passed both houses and next goes to the Some 451,000 entities in the state fall below the $300,000-revenuee threshold. The larger exemption of $1 milliob is set to expire and revert tothe $300,000 bar in 2012.
“A business grossing under $1 million is a very small firm, but they are the futurr mid-sized and large businessexs ofthe state,” said Laura spokeswoman for the Texas office of the National Federatiojn of Independent Business. She said that Texas’ business tax policy was created under deadline stresa and the current recession prevented meaningful After the close of this legislators and policy experts will embark on a deepefr study of the fairest method for Texas businesseds topay taxes.
Sunday, August 7, 2011
Creative Loafing COO Kirk MacDonald heads back to Denver - Puget Sound Business Journal (Seattle):
http://stephenkuusisto.com/latimesreview.html
MacDonald will take over as executive vice presidentfor sales, marketinb and digital sales for the , the one-time partnershilp group that included the and until the lattedr folded last February, according to the Chicago Reader . MacDonald joineds Creative Loafing in 2006 after resigninf as chief executive officer of the Denver Newspaper Agency but continued to live in Denver instead of relocating toCreativse Loafing’s headquarters in Tampa. In September 2008 he became publisher of the Chicago Reader , relocating there, arouned the same time Creatived Loafing filed for protectio from its creditors using Chapter 11 in a Tampq bankruptcy court.
Creative Loafing’s chiefg executive officer, Ben Eason, will temporarily take over the role of chiefoperating officer. The company spent the first part of the year in a bitte battlewith , which it owes $31 million that was used to purchased the Chicago Reader and in the District of Columbiaa in 2007. Atalaya had sought to gain control of the alternative weekly newspaper publisher but lost that bid in Marcnh when a judge in Tampa sidecwith Eason. Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grou p consisting of — which Creative Loafing owed $10 million to just before the bankruptcy filing — and Eason will purchasw stock in a reorganized Creative Loafing for $500,0009 in cash as well as an in-kind contribution to lease 14,000 square feet of commercial space in Atlanta for six yeara valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy court documents. Aftet that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilse another $1 million will be used for supplementa l funding for Creative Loafing’s ongoing business.
Any remaininvg money will be paid to thosew holdingspecific claims, including outstandinvg loans made to the company. Creative Loafinvg has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combinexd circulationof 425,000.
MacDonald will take over as executive vice presidentfor sales, marketinb and digital sales for the , the one-time partnershilp group that included the and until the lattedr folded last February, according to the Chicago Reader . MacDonald joineds Creative Loafing in 2006 after resigninf as chief executive officer of the Denver Newspaper Agency but continued to live in Denver instead of relocating toCreativse Loafing’s headquarters in Tampa. In September 2008 he became publisher of the Chicago Reader , relocating there, arouned the same time Creatived Loafing filed for protectio from its creditors using Chapter 11 in a Tampq bankruptcy court.
Creative Loafing’s chiefg executive officer, Ben Eason, will temporarily take over the role of chiefoperating officer. The company spent the first part of the year in a bitte battlewith , which it owes $31 million that was used to purchased the Chicago Reader and in the District of Columbiaa in 2007. Atalaya had sought to gain control of the alternative weekly newspaper publisher but lost that bid in Marcnh when a judge in Tampa sidecwith Eason. Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grou p consisting of — which Creative Loafing owed $10 million to just before the bankruptcy filing — and Eason will purchasw stock in a reorganized Creative Loafing for $500,0009 in cash as well as an in-kind contribution to lease 14,000 square feet of commercial space in Atlanta for six yeara valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy court documents. Aftet that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilse another $1 million will be used for supplementa l funding for Creative Loafing’s ongoing business.
Any remaininvg money will be paid to thosew holdingspecific claims, including outstandinvg loans made to the company. Creative Loafinvg has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combinexd circulationof 425,000.
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