SoCal Startups Pitch to Maverick Angels at Cross Campus Event - Hollywood Today Newsmagazine

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SoCal Startups Pitch to Maverick Angels at Cross Campus Event Hollywood Today Newsmagazine Around 200 entrepreneurs and investors filled the seats of the large meeting room at Cross Campus. One of the entrepreneurs pitching was Jeff Gund, who runs the Hollywood InfoList. Another pitch was by Zhena Muxyka, a business adviser who gave a pitch ...

Balsillie: Fight for Coyotes isn't over - Triangle Business Journal:

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U.S Bankruptcy Court Redfield T. Baum on Monday nixed Balsillie's bid to buy the Coyotes for $213 milliom from owner Jerry Moyes becauseof Balsillie's June 29 deadlinre for the deal go to through. Baum said that isn't enough time to resolve the Coyotes Chapter 11 bankruptcuyreorganization issues. That was a win for the and city of which want to keep the Coyotesin Arizona. Balsillie spokesman Bill Walker issued a statemenr Monday night saying the effort to move the teamto Ontario, is not "Jim Balsillie's bid to bring a seventhn NHL team to Canada We're still here. The Phoenixc court confirmed Mr. Balsillie was approved as an NHL owne in 2006 andremains so.
We believr he has made the best offer and Hamilton remainsx the best location forthis team. "The court did not approv either our approach orthe NHL's. Judge Baum did statew he does not have time to decide all therelocationh issues. But the court still controls the sale Asa result, we look forward to hearint from the NHL soon on its view of our relocatio n application and an appropriate relocation fee, so as to allo w the court to determinre if that fee is reasonable. We still thino there is enough time for the NHL toapproves Mr. Balsillie's application and move the team to Hamiltonby September. The cour t invited mediation on these issuesand Mr.
Balsillie is williny to participate in such mediationn if the NHL is also willint todo so," Walker's statement to the media continued. The NHL welcomedf Baum's decision not to let the sale and move toCanad occur. “We're pleased the court recognized the validity of leaguse rules and our ability to apply them in areasonablre fashion," NHL Deputy Commissioner Bill Daly said in a statementt released by the league on Mondauy night. "We will turn our attention now towars helping to facilitate an orderly sales procesxs that will produce a local buyer who is committedr to making the franchise viable and successful inthe Phoenix/Glendals area.
We are confident that we will be able to find such a buyed for the Coyotes and that the claims of legitimatse creditors willbe addressed.”

Game and Fish conducting aerial surveys of big game in January - KVOA Tucson News

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Game and Fish conducting aerial surveys of big game in January KVOA Tucson News TUCSON - Next month, the Arizona Game and Fish Department will continue conducting aerial surveys of big game populations in southeastern Arizona. Helicopter flights will be conducted for about three hours at the following dates and locations ...

Kourtney Kardashian Shouts "I Got My Body Back!" on the Cover of Life and ... - Celebrity Dirty Laundry

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Celebrity Dirty Laundry

Kourtney Kardashian Shouts "I Got My Body Back!" on the Cover of Life and ... Celebrity Dirty Laundry Kourtney Kardashian Shouts “I Got My Body Back!” on the Cover of Life and Style Weekly (Photo). BY Stephanie Guerilus on December 26, 2012 | Leave Comments Related : Kourtney Kardashian, Magazine Cover, Prince William, Prince William and Kat e ... and more »

DeMint aims to make conservative ideals 'pervasive' - Greenville News

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U.S. News & World Report

DeMint aims to make conservative ideals 'pervasive' Greenville News “My hope is to make conservative ideas so pervasive, so persuasive across the country that politicians of  »

Darden sees 4Q jump in revenue, net income - Orlando Business Journal:

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The Orlando-based restaurant chain reportedr net incomeof $123 or 87 cents per on revenue of $1.98 billion for the fiscaol fourth quarter ended May 13. That compared with net incomesof $101.8 million, or 71 cents per on revenue of $1.833 billion for the same period in the previous fiscalo year. For fiscal year 2009, Darden DRI) posted net income of $372.2 or $2.65 earnings per share, on revenues of $7.2 billion. That compared with net incom of $377.2 million, or $2.69 earningxs per share, on revenue of $6.6 billion for fisca 2008.
Darden also experiencede same-restaurant sales declines across all five of its reporting restauranr brands in its fiscal fourth The Capital Grille saw the highesr declinein same-restaurant sales, with a 22.1 perceny drop. LongHorn Steakhouse came in a distant witha 6.5 percent decline, followed by Bahamas Breeze with a 4.3 percent and then Olive Garden and Red Lobsted both with a 0.6 percent declinde apiece. For the fiscal year, The Capital Grille saw a 15.5 percen t decrease in same-restaurant sales, Bahama Breeze had a 6 percen t decline, LongHorn Steakhouse fell 5.6 percent and Red Lobstert droppedby 2.2 percent. Olive Garde n saw the lone increasein same-restaurant sales, with a 0.
3 perceng jump for the fiscal year. Chairman and CEO Clarencre Otis said in a prepared statementy that although the companty is hoping for an improvement in overall restauran industry conditions andsales trends, challengingy conditions are likely to continue through all of fiscal 2010. “There are reason to believe there might be some favorable Otis said inthe statement. “However, given the currenty level of uncertainty, we think it’s prudent to be cautiouss in developing our plans forthe year.” Darden’x board of directors declared a quarterly cash dividend of 25 cents per share on the company’s outstanding commonn stock, payable on Aug.
3 to shareholder s of record at the close of business onJuly 10. The compan previously paid a quarterly dividend of 20 cents per Darden also expects its annual dividend tobe $1 per an increase of 25 percent. In addition, Darden continuexd the buyback of itscommonm stock, purchasing 400,000 shares in the fourth quarter and spendingg $145 million on purchasing 5.1 milliob shares in fiscal 2009. Combined same-restauranr sales for Darden’s three larg casual dining brands Olive Garden, Red Lobster and LongHorn Steakhous e — are expected to either be flat or fall by 2 percentt in fiscal year 2010, said Chief Financial Officer Brad Richmond in a prepared Based on those same-restaurant results and about 50 to 55 net new restauranr openings, revenue should be either up by 1 percent or fall by 1 and estimated diluted net earningsd per share could range $2.
59 to $2.85.

Sunday: Parents fear social media endangers children's reputations - Tulsa World

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Sunday: Parents fear social media endangers children's reputations Tulsa World Sunday: Parents fear social media endangers children's reputations. By CASEY SMITH World Staff Writer Published: 12/22/2012 4:00 PM Last Modified: 12/22/2012 4:00 PM. Steve Kunzweiler is concerned about his children's â€" and all children's â€" use of ...

ProLogis closes on $347M in loans - Denver Business Journal:

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Proceeds from the thred loans initially will be used torepay credit-lin e borrowings, and later to refinance $285 million of remaininf corporate debt maturities for 2009 and 2010. ProLogisz (NYSE: PLD) of Denver is one of the world’s largestf owners and operators ofdistribution centers. Since the fall of the company has been repositioning itself to deal with the currenft economic recession and reducse billions of dollars in debt by cuttingh costsand employees, refinancing debt, selling properties and getting out of non-cor e businesses. ProLogis had $9.3 billion in totao debt at the end of the first downfrom $10.
7 million at year-end according to this year’s first-quarterd report. Since the beginning of 2009, ProLogis has bought back $691 milliojn of corporate notes at a 29percent “effectively de-leveraging by $200 million,” companhy CFO William Sullivan said in a “The closing of thesew [new] loans helps us in addressing our corporate refinancinb requirements for the remainder of this year and into All three recently obtained loans are secured and interest only, and have an average blendecd interest rate of 7.24 percent, accordinf to ProLogis. The first two loans, totaling $245 have 10-year terms.
The third, $102 millionn loan has a five-yeafr term, with 14 properties in eight marketaas security. ProLogis owns or operates more than 475 millioj square feet of industrial space in North Europeand Asia. Tenants at those propertiesx include third-party logistics manufacturers, retailers, transportation companies and other businesses with largedistribution needs.

Edison wins approval for solar panel installation - Atlanta Business Chronicle:

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During the next five years Edisonwill install, own and operatd 150 solar panels that will generate 250 megawatts of Edison was also granted the ability to solicitf other solar-power companies to instalp similar panel arrays and sell the power back to up to an additional 250 megawatts. Edison says the 500 totao megawatts makes theprojecyt "the largest photovoltaic program ever undertaken." “Th e program will create hundreds of neighborhood solar power plants, strengthen locakl grid reliability and producw hundreds of new green jobs to bolsterd Southern California’s economic recovery,” Chairman and CEO Theodore F. Crave r Jr., said in a statement.
The firsft Edison site has already been completed on the roof of a distributio warehousein Fontana. According to Edison, it is the largestg single rooftop solar photovoltaic array in the Both Southern California Edison and its parent EdisonInternational (NYSE: EIX) are based in Rosemead.

Highwoods sells retail centers for $62.1M - Kansas City Business Journal:

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for $62.1 million, the Raleigh-based real estatd investment trustsaid Friday. The threr centers are, on average, 94.5 percentf leased and 55 yeara old. They generate a combined net operating incomeof $5.4 milliohn a year, Highwoods (NYSE: HIW) “Our focus remains on continuing to improved the overall quality of our portfolio through the disposition of older, non-cor assets,” said Ed Fritsch, president and chie f executive officer of Highwoods. “In addition, by sellinyg these older, capital intensive retail we are avoidingover $3 million in buildinhg improvements that would have been incurrec over the next two years.” Our 2.
3 millioj square feet of office and retail properties in Kansaws City are now exclusively locateds in and around the Countrty Club Plaza, a unique, upscale retail center that includesa many high-end national retailers.” As of Marchu 31, Highwoods owned or had an interes in 382 in-service office, industrial and retaill properties encompassing about 35.4 million square feet.

At Bernanke Press Conference, Some Questions Get Personal - Wall Street Journal (blog)

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Wall Street Journal (blog)

At Bernanke Press Conference, Some Questions Get Personal Wall Street Journal (blog) Okay, it's not exactly a cult of personality, but it's notable that the press conferences, television appearances, celebrated teaching turns and more have made Federal Reserve Chairman Ben Bernanke at least a bit like other “celebrit ies,” albeit of a ... and more »

Treasury limits bonuses at TARP recipients - Los Angeles Business from bizjournals:

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The new rules encourage these companiex to award executives stock that must be held for a long periosd of timeand can’t be entirely converted to cash until the TARP moneg is repaid to the government. This, the departmenf contends, will align “executives’ incentives with thoswe of shareholdersand taxpayers.” Kenneth a mediator who led the September 11th Victij Compensation Fund, will review payments and compensation plane at companies that have received “exceptional including AIG, Citigroup, Bank of America, General Motors, GMAC and Chrysler Financial. TARP recipientse also must allow shareholders to vote on executivecompensationj packages.
They also must discloses any perks worth morethan $25,000 made to highlyg compensated employees and justify the benefit. The rulesa prohibit companies fromproviding “gross-up” payments to senior executiveds to cover taxes due on Treasury Secretary Tim Geithner said the Obama administration also supportx legislation that would require all public companies to give shareholderw a non-binding vote on executive compensatio n packages. Congress also should give the Securities and Exchangse Commission the power to make compensation committees more similar to standards in place for audirt committees established bythe Sarbanes-Oxley Act.
Geithnef blamed executive compensation practices asa “contributing factor” for the financial crisis. “Incentive for short-term gains overwhelmeed the checks and balances meant to mitigate againstr the risk ofexcess leverage,” he said. But, he added, “W e are not capping pay. We are not setting forth precise prescriptions for how companies shoulsset compensation, which can often be Instead, we will continue to work to developl standards that reward innovation and prudentg risk-taking, without creating misaligned incentives.
”

Go green, save green: With the right tech, it

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While some companies may think “going green” is too there are several technologies that can economically promote environmental sustainabilitu throughout anentire business. Teleworking: Gone are the days where a home officew simply meant havinga phone, PC and Interne connection. Today, all of these technologies are integratedd so employeecollaboration doesn’t miss a beat, even when away from the Replacing traditional voice systems and bringinvg voice communications, e-mail and instant messaginf together can reduce service and maintenance Research by found that such tactics can reducew travel from 10 to 30 percent, ultimatelg reducing the number of cars on the • Virtualization: Many businessese believe they must deploy several servers to perforj any number of tasks.
Not true. Virtualizatiob maximizes server potential by allowing one devicew to do the work that previously took several dedicatede serversto do. With more systeme running on fewerphysical machines, businesses are estimatede to reduce energy costs by 90 percent.

GM files for bankruptcy, plans to transfer operations to Wentzville - Houston Business Journal:

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Some operations and equipment from a steel stamping plan t inGrand Rapids, Mich., which is slateed to close as part of the automaker's restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It'ds not yet known how many, if any, Michigah employees will opt to transfefrto Wentzville, he GM officials called Wentzvillre Mayor Paul Lambi at 9 a.m. Monday to assure him the local plant wouldremaij open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Still, Lambo said, rival automaker Chrysler plans to shutter its Fentonb factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyy its revenue stream. When Lambi took officed seven years ago, Wentzville counted on GM for abouy 55 to 60 percent of itstotaol revenue. Today, that's more like 15 percent of the city'e $24 million general fund, becausse GM pays the city abour $3 million a year in real estate property taxes andother fees, he said.
GM on Mondag by the end of 2010, but the Wentzville plant was sparedbecause it’s the only plantg where Chevrolet Express and GMC Savana vans are made, The Wentzvill e plant will still undergo a previouslg announced and other production cuts in June and July that will result in the layoffsw of 300 workers. Monday’s Chapter 11 filing by the 101-year-oldx automaker is among the largestin U.S. historh and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiojn in assets, according to the filed in New GMto St.
Louis’ largest privately held company, Enterprisew Rent-a-Car, and to Chapter 11, which allows the companyu to operate while protected fromits creditors, pushes GM into a fast-trac k bankruptcy and provides $30 billion of additionak taxpayer funds to restructure. The GM plan as detailed by U.S. officialw would allow a much smaller GM to emerge from court protectionj within 60 to90 days. The automaker has not providex an updated target for job cuts but was lookinh toeliminate 21,000 U.S. factory jobs from the 54,000 union members it now General Motorsemploys 92,000 in the Unitef States and is indirectly responsible for 500,00o retirees. The U.S.
government wouldd hold a 60 percent financial interesrt in areorganized GM, and the UAW would take a 17.5 percentf stake. The governments of Canada and the province of Ontariop have agreed to a 12 percent ownershilp stake in exchange forfinancial aid. GM bondholders woulx get 10 percent. "It’s a bittersweet Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire peopler in the future and be the vibrant company we once Download a copy of the

Peachtree Equity raises $60M for lending fund - Pittsburgh Business Times:

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The fund, called Peachtrewe II L.P., is the second created by the private equit firm since opening its doorsdin 2002, and one of the largest fund closinges in Atlanta since the recessionb began in January 2008. Peachtree Equity’s new fund, licensedf as a small-business investment company bythe , will providd capital to companies that can’t fullg finance expansion or growth projects through a bank, also known as mezzanine lending. Given the continues instability of bank creditr availableto customers, Peachtree Equity partner David Christopher said the fund will have no shortagr of deals.
“We think this is a good time from amarkegt perspective,” said Christopher, one of the threwe partners at Peachtree Equity. “This market is creating attractivde opportunities.” The fund will lend at least $3 millionn to $10 million to small businesses, typically those with less than $100 millionb in annual revenue andwith $2 milliomn in earnings. The fund will focus on working with the existing managementof companies, looking to grow throughg organic processes or outside acquisitions. The firm’sz investments will continue to be in thenichd manufacturing, health-care, business and financial services, and government contractor sectors.
But with the opportunity comesincreased competition. Mezzanine funds are one of the growinf sectors ofprivate equity, with several scattere d throughout the city and the Southeast. Christopher said despitr the newfound popularity of mezzaninee investment by local privateequity firms, the firm isn’f afraid of widespread local competition. “We’ll co-invest with othefr firms and the other mezz playerdout there,” he “We don’t see them as necessarilh direct competition.” The $60 million raisexd is the first closing of the fund.
Christophefr said the fund is ultimatelgy projected toraise $75 million to $100 million by year’ s end with additional investorr commitments. The new fund is smaller than Peachtreer Equity’s first fund, which raised $110 million and ultimately invested in 17 companies based primarilgy inthe Southeast. The company does not discussa publicly the investment performancwe ofits funds. Peachtree Equity was created in when the executives whobegan ’ws private equity investment business in 1997 left to form theitr own local firm. Since then, two of the founders have left for otherd local privateequity firms, which Christopher said was a challenge fundraisint for the second time.
Despite the the firm is expanding with theseconc offering. Peachtree Equity also hired private equity veteran Wendell Reilly as ageneral partner. Reilly previously founded and oversas LLC, a venture capital-backed groul of television stations, and now serves as the managing partnerfof , a private equity firm focused on media industry investment. Christopher said the firm is also looking to hire two morejuniodr executives, and one analyst to work with the new fund and managd the current stable of portfolilo investments.
Christopher said he expects the second fund to ultimatelyt close 12 to 15 investment dealxs overthe four-year life of the fund, with a preferencr for Southeastern or local

Lane4 shops for three Johnson County centers - Kansas City Business Journal:

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The , the shoppingt center in Prairie Villagew and the in Fairway are under contractr to investors ledby , a Kansa s City-based commercial real estate brokerage and development The three shopping centers have a combined 2009 appraisede value of about $64 according to figures from the . Owen president of Lane4, and Tabitha Zane, a spokeswoman at corporate headquartersin N.C., said company policies precluded discussiohn of property transactions that have not closed. several tenants in the threee northeast Johnson County shopping centers confirmedd that they had been apprisede of the pending sale by either Highwood s orLane4 representatives.
For Lane4, a partner in the proposec $1 billion redevelopment of the where retail commitments are proving hard to come by during the the deal would meanabout 550,000 square feet of retaio space that is close to fully For Highwoods Properties (NYSE: HIW), a real estate investment the sale would mean a further retrear from the retail sector, though Highwoods’ retail holdings in this area have remaines strong despite the economy. “Our center is one of the few they have acrosathe country,” said Kittyu McKelvey, owner of the in Corinth Square. “It’s not theifr niche.” As of Dec.
31, Highwoods owned 311 office, industrial and retail properties encompassingabout 27.4 milliomn square feet. The retail propertiesd accountedfor 1.35 million squarse feet, or 4.9 percent, of the Highwoods, which merged with the Plaza’s developer, , in 1998, sold its 112,000-square-foo Brookside shopping center and an adjacent 7,800-square-foot office buildiny in Kansas City for $15.25 million in 2004. The Plaza’s markeyt value was estimated at morethan $1 billionb last year before the recessionm deepened. The development has roughly 700,000 squarw feet of office spaceand 930,00p square feet of retail space, said Gaylw Terry, the Plaza’s marketing director.
After the recenty signings of sixnew leases, she said, the Plaza’a occupancy rate is about 93 percent. McKelvey said Highwooda had been a good landlord to her bird store inCorinth Square. “But I’m fine with not having a gianrtcorporate owner,” she said. “I prefer localo businesses.” Mary Rimann, ownerd of Rimann Liquors in the PrairieVillagee Shops, said tenants in that center did not expecg their rents to change after the anticipaterd sale. “I think it’s all said Rimann, who said she was lookinh forward tolocal ownership, too.
If the Lane deal closes, the transaction will fall in line with a locaol retail investment trend reported on last montyh by inWalnut Creek, Calif. “Investors in the Kansaws City metro began to focus on the suburbsw last year as redevelopmentg efforts Downtown have been slow to gain saidGary Lucas, Marcus & Millichap’x Kansas City regional manager. “Locall buyers who can handle management-intensive assets will likely targeg older properties in Johnson andPlatte counties, where retaipl sales are forecast to grow and space demand is stillp fairly strong.
” The Kansas City retail marketf as a whole, however, won’t fare so well this year, accordin to Marcus & Millichap’s National Retaio Research Report. It statesa that developers are projected tocomplete 2.3 million squared feet of new retail space in the Kansasx City area this year, a 2.7 percent inventorh addition that follows the addition of 2 million square feet in 2008. The elevateds construction and decreased tenant demaned are projected to drivethe area’s retailk vacancy rate up by 2.9 percentage pointse to 13.2 percent in 2009. Asking rentzs are expected to recede 5.1 percent to an averagw of $13.35 a square foot this while effective rentsdrop 5.
9 percent to an average of $11.311 a square foot, the report said.

Tasmania endure minefield of a pitch better than Western Australia to notch 85 ... - NEWS.com.au

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Tasmania endure minefield of a pitch better than Western Australia to notch 85 ... NEWS.com.au James Faulkner. Dominance ... James Faulkner (2nd R) celebrates dismissing WA's Tom Triffitt. Source: News Limited. Tasmania have endured a minefield of a pitch better than Western Australia to notch an 85-run bonus-point one-day victory in Burnie. and more »

Hungary's largest exporter - Budapest Times

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Budapest Times

Hungary's largest exporter Budapest Times Before informing the audience about the impressive prospects of the factory, Faustmann first looked back at the history of the firm, beginning with 1993, when engine component production began in a former hall of the automotive company Rába in Gyõr.