inufyw.blogspot.com
Theater executives announced Tuesdayy that the financially distressed theate has failed to raisethe $2 millionn it needed to put on 2009 although more than $500,000 in pledges have been made sincr the theater announced a turn-around strategy in mid “The thing we know is that we’re not puttingt on a 2009 season. I think the very likelh consequence of that is that we will very quicklyg go outof business,” said David Fellows, chairman of the North Shorde Music Theatre board. “Whether it’s Chapter 11 or Chapter 7 it’s completely up in the air at the moment.
” Without a productionm season this year, the theater is unable to address the substantiall debts of its creditors and restorethe theater’sw economic health, said Fellows. The theater is approximatelg $10 million in including large mortgages on its propertt and buildings and debtsxto vendors, the State of and subscribers who paid in advance for the 2009 season. Fellow said most of the theater’s 4,400 subscribers are unlikely to get theirmoney returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with seniodr creditors and are reviewing a liquidation to maximize the value ofthe theater’e assets for its stakeholders as well as identif y potential “friendly” buyers of the property who mighft consider a lease back of the Fellows said.
Friday, October 12, 2012
Thursday, October 11, 2012
Ferrellgas profit dips, sales drop - San Francisco Business Times:
jiqatili.wordpress.com
In a filing with the Securities and Exchangre Commission after the market closed on theOverland Park-based propane retailetr (NYSE: FGP) reported earnings availables to common shareholders of $32.5 million, or 48 centsw a share, for the quarter. This compares with earningsd of $34.8 million, or 55 cents a for the same period last Revenue for the quarterwas $561.1 million, down from $712.1 million last year. Ferrellgasx said in the SEC filingy that lower propane prices contribute tothe quarter’s lower revenue. The company said it sold 239.2 millionj gallons of propane duringthe quarter, down 5 percenf from 252.1 million gallons in the same quartefr last year.
Retail sales volumes decreasedf mainly because of temperatures that were 5 perceny warmer than last year and customed conservation related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansas City BusineszsJournal ’s list of area publicx companies.
In a filing with the Securities and Exchangre Commission after the market closed on theOverland Park-based propane retailetr (NYSE: FGP) reported earnings availables to common shareholders of $32.5 million, or 48 centsw a share, for the quarter. This compares with earningsd of $34.8 million, or 55 cents a for the same period last Revenue for the quarterwas $561.1 million, down from $712.1 million last year. Ferrellgasx said in the SEC filingy that lower propane prices contribute tothe quarter’s lower revenue. The company said it sold 239.2 millionj gallons of propane duringthe quarter, down 5 percenf from 252.1 million gallons in the same quartefr last year.
Retail sales volumes decreasedf mainly because of temperatures that were 5 perceny warmer than last year and customed conservation related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansas City BusineszsJournal ’s list of area publicx companies.
Wednesday, October 10, 2012
Monday, October 8, 2012
Waikiki parking tiff leads to alleged assault - Honolulu Star-Advertiser
viktorevaikubuwo.blogspot.com
Waikiki parking tiff leads to alleged assault Honolulu Star-Advertiser Police arrested a 27-year-old Honolulu for allegedly punching another man during a dispute over a parking space in Waikiki. According to police, the victim, a 23-year-old man, had parked his car in a space around 1 a.m. Sunday when he was approached by ... |
Sunday, October 7, 2012
100-Year-Old Dixon Resident, Earl Headings, Honored After a Full Century Life - Patch.com
ikefageze.blogspot.com
100-Year-Old Dixon Resident, Earl Headings, Honored After a Full Century Life Patch.com An hour with the sharp and whitty Mr. Headings couldn't have been enough to learn his perspective on all things, however we covered most of the basics. He touched on politics, technology, evolution of cars, foreign wars, economics and Wall Street, and ... |
Friday, October 5, 2012
Bad loans continue to pile up at Birmingham banks - Birmingham Business Journal:
geqopimozaqyxyh.blogspot.com
"There is hope among some management teams and investors that by 3Q the problemk credits will reach a cruising saidJeff Davis, banking analyst and managing directord of 's Nashville office. "They won'f get better anytime soon until this rapiddeterioration slows." The Birmingham-based financial giant , whicgh has the largest bank brancuh system in the metropolitan area with 88 posted $900 million worth of non-accrual loana in the first quarter of 2008, up from $650 million in the fourth quarter, accordingf data from the , a regulatory agency affiliateds with the and the .
That totak includes all past dueand non-accrual loans secureed by real estate, including construction loans to homebuilders, farmland, residentiap properties, first- and second-lien mortgages and multifamily dwellings, whicg are usually apartment complexes. Regions' loansx past due 30 to 89 days jumpexto $991.6 million in the firsy quarter, compared to $824.6 million three months prior. The same story rings true for , which reported an increase in non-accrual loanss to $243.5 million in the latest quarter, comparedf to $118.8 million in the fourt quarter.
Since home salea have slowed drastically within the past more home builders are having a harder time paying back thei r construction loans used to buildnew homes, Daviws said. "What you're seeing right now is the effect of the dramaticd slowdown in themortgage market," he said. Past due loans and non-accruapl loans have increased by more than 100percent year-over-yeare for a number of Southeast banks primarily becaus e of "bad lending" practices, Davis added.
To make matters worse, the new wave of defaults in the firstt quarter do not includee the impact of rising gasoline prices tonearly $4 a gallon and highedr food prices, which is eating away at consumers' and borrowers' Davis said. However, some such as , are already feeling the pincjh of distressed borrowers in their home equity lines of credit saidTony Plath, finance professor at the . Acroses the nation, foreclosures are at a 50-year high and bankzs are receiving a lotof "jinglse mail," which is when a homeowner send their keys back to the bank and voluntarily file for foreclosure.
"We've never really in this industry seen people just walking away from theirr houses like theyare today," Plath said. "We've never seen jingle mail like this In Alabama, foreclosures have steadilt decreased within the past few months as opposed to surroundingv states. Last month, the state's foreclosurw rate dropped by nearly29 percent, according to data comprised by California-based . A totall of 642 properties were in some form of foreclosurd in Alabamain April, or a rate of one foreclosurse for every 3,287 households. That compares to neighboring where foreclosures increased in Aprilby 28.5 percenty and Florida where foreclosures were up 16.
6 "All else equal, it would say that economy has not dipped as much and it probably says the lendersw were more prudent in that market as oppose to Atlanta and other markets," Davis
"There is hope among some management teams and investors that by 3Q the problemk credits will reach a cruising saidJeff Davis, banking analyst and managing directord of 's Nashville office. "They won'f get better anytime soon until this rapiddeterioration slows." The Birmingham-based financial giant , whicgh has the largest bank brancuh system in the metropolitan area with 88 posted $900 million worth of non-accrual loana in the first quarter of 2008, up from $650 million in the fourth quarter, accordingf data from the , a regulatory agency affiliateds with the and the .
That totak includes all past dueand non-accrual loans secureed by real estate, including construction loans to homebuilders, farmland, residentiap properties, first- and second-lien mortgages and multifamily dwellings, whicg are usually apartment complexes. Regions' loansx past due 30 to 89 days jumpexto $991.6 million in the firsy quarter, compared to $824.6 million three months prior. The same story rings true for , which reported an increase in non-accrual loanss to $243.5 million in the latest quarter, comparedf to $118.8 million in the fourt quarter.
Since home salea have slowed drastically within the past more home builders are having a harder time paying back thei r construction loans used to buildnew homes, Daviws said. "What you're seeing right now is the effect of the dramaticd slowdown in themortgage market," he said. Past due loans and non-accruapl loans have increased by more than 100percent year-over-yeare for a number of Southeast banks primarily becaus e of "bad lending" practices, Davis added.
To make matters worse, the new wave of defaults in the firstt quarter do not includee the impact of rising gasoline prices tonearly $4 a gallon and highedr food prices, which is eating away at consumers' and borrowers' Davis said. However, some such as , are already feeling the pincjh of distressed borrowers in their home equity lines of credit saidTony Plath, finance professor at the . Acroses the nation, foreclosures are at a 50-year high and bankzs are receiving a lotof "jinglse mail," which is when a homeowner send their keys back to the bank and voluntarily file for foreclosure.
"We've never really in this industry seen people just walking away from theirr houses like theyare today," Plath said. "We've never seen jingle mail like this In Alabama, foreclosures have steadilt decreased within the past few months as opposed to surroundingv states. Last month, the state's foreclosurw rate dropped by nearly29 percent, according to data comprised by California-based . A totall of 642 properties were in some form of foreclosurd in Alabamain April, or a rate of one foreclosurse for every 3,287 households. That compares to neighboring where foreclosures increased in Aprilby 28.5 percenty and Florida where foreclosures were up 16.
6 "All else equal, it would say that economy has not dipped as much and it probably says the lendersw were more prudent in that market as oppose to Atlanta and other markets," Davis
Thursday, October 4, 2012
Zumiez expects Q1 loss, Q4 sales decline - Puget Sound Business Journal (Seattle):
jabire2389.blogspot.com
million, or 21 cents per share, whicuh compares with net incomeof $12.45 million, or earnings of 42 cents per dilutee share. But its outlook isn’t too Sales fell slightly to $125.5 million from $126.6 million at the Everett youth apparelcompany ZUMZ). For fiscal 2008, Zumiez reported net income of $17.22 million, or 58 cents per dilutedf share, down from $25.3 million, or 86 centd per diluted share infiscal 2007. Net sales rose slightlu to $408.7 million from $381.
4 million a year Zumiez said it expects a net loss of betweej 13 cents and 17 cents a share for thenext quarter, and anticipatee that comparable store sales will decline in the middlwe to high teen percentager range for the first quarter. Analysts polled by Thomsohn Financial First Callexpected fourth-quarte earnings of 19 cents and sales of $124.88 million. For fiscal 2008, they expectecd earnings of 56 centx per share and salesof $408 For the first quarter of 2009, they expect a loss of 4 centds per share. In after-hours trading shares in Zumiez had fallen nearly 10 dropping 67 centsto $6.20.
million, or 21 cents per share, whicuh compares with net incomeof $12.45 million, or earnings of 42 cents per dilutee share. But its outlook isn’t too Sales fell slightly to $125.5 million from $126.6 million at the Everett youth apparelcompany ZUMZ). For fiscal 2008, Zumiez reported net income of $17.22 million, or 58 cents per dilutedf share, down from $25.3 million, or 86 centd per diluted share infiscal 2007. Net sales rose slightlu to $408.7 million from $381.
4 million a year Zumiez said it expects a net loss of betweej 13 cents and 17 cents a share for thenext quarter, and anticipatee that comparable store sales will decline in the middlwe to high teen percentager range for the first quarter. Analysts polled by Thomsohn Financial First Callexpected fourth-quarte earnings of 19 cents and sales of $124.88 million. For fiscal 2008, they expectecd earnings of 56 centx per share and salesof $408 For the first quarter of 2009, they expect a loss of 4 centds per share. In after-hours trading shares in Zumiez had fallen nearly 10 dropping 67 centsto $6.20.
Subscribe to:
Posts (Atom)