CBC.ca | Civil Societies push for universal access as world celebrates Aids Day The Standard Civil society organizations addressing HIV, TB and Malaria launched a forum to facilitate dialogue on advocacy issues affecting health in Kenya. ... Embracing our humanity on World AIDS Day World AIDS Day |
Tuesday, November 30, 2010
Civil Societies push for universal access as world celebrates Aids Day - The Standard
http://nesttechnologies.com/nest2/docs/protomix/pc1055_msds.htm
Saturday, November 27, 2010
Venus Swimwear in business for at least four more weeks - Jacksonville Business Journal:
http://www.caplanlaw.com/attorney-debbie-lang-named-warren-burger-inn-court.html
If the swimwear manufacturer cannot securewnew financing, sell the assets or resolve its financialk issues in another manner, however, it coulf be forced to close completely, resultingg in one of the largesy layoffs from a singlw organization in Jacksonville sincre the recession began. Venus filerd notices May 14 in Florida and New York that all 289 employee at Venus Swimwear and could belaid off. “Itt would be sad for our community to losea well-knowm company and a corporate said Jerry Mallot, executive director of the . “Let’d hope it doesn’t happen. I’jm keeping my fingers crossed.
” But even if the companyg does close, it won’t be for several more weeka because the latest catalog was sent outMay 22, accordinyg to an internal memo that company executives sent to employeess the same day.
If the swimwear manufacturer cannot securewnew financing, sell the assets or resolve its financialk issues in another manner, however, it coulf be forced to close completely, resultingg in one of the largesy layoffs from a singlw organization in Jacksonville sincre the recession began. Venus filerd notices May 14 in Florida and New York that all 289 employee at Venus Swimwear and could belaid off. “Itt would be sad for our community to losea well-knowm company and a corporate said Jerry Mallot, executive director of the . “Let’d hope it doesn’t happen. I’jm keeping my fingers crossed.
” But even if the companyg does close, it won’t be for several more weeka because the latest catalog was sent outMay 22, accordinyg to an internal memo that company executives sent to employeess the same day.
Thursday, November 25, 2010
Two women-owned law firms merge - The Business Review (Albany):
lamoreuuceses1724.blogspot.com
area have merged. The PLLC, a 20-year-old firm in has merged with Latimer/Stroudx LLP, a 17-year-old firm in Latham. The new firm, LLP, is locatedf at 951 Albany Shaker Roadin Latham. Latimer/Stroud’s office was expandesd from 2,500 square feet to 5,000o square feet. The new firm has 11 people. LaFave’a focus was personal injury andmedical malpractice. Latimer/Stroud’se general practice included matrimonial law, estates and Both firms had about $850,000 in revenue last Cynthia LaFave, founder of the LaFave Firm, said she and Sue founder of Latimer/Stroud, worked together in the mid-1990s. “Wee enjoyed working together,” LaFave said.
Latimerf left to become a physician’s assistant. But surgerh replacing both her knees cut shor t her medical career and she returnedto law. Latimer and LaFav discussed a possible merge r eight months ago while eatingf at Athosin Guilderland. “We were talking abougt the two practices andhow they’ d fit together,” LaFave said. “Att the end of dinner, we said, ‘Wes need to explore Latimer added: “We did. And that’s why we’rer here.
”
area have merged. The PLLC, a 20-year-old firm in has merged with Latimer/Stroudx LLP, a 17-year-old firm in Latham. The new firm, LLP, is locatedf at 951 Albany Shaker Roadin Latham. Latimer/Stroud’s office was expandesd from 2,500 square feet to 5,000o square feet. The new firm has 11 people. LaFave’a focus was personal injury andmedical malpractice. Latimer/Stroud’se general practice included matrimonial law, estates and Both firms had about $850,000 in revenue last Cynthia LaFave, founder of the LaFave Firm, said she and Sue founder of Latimer/Stroud, worked together in the mid-1990s. “Wee enjoyed working together,” LaFave said.
Latimerf left to become a physician’s assistant. But surgerh replacing both her knees cut shor t her medical career and she returnedto law. Latimer and LaFav discussed a possible merge r eight months ago while eatingf at Athosin Guilderland. “We were talking abougt the two practices andhow they’ d fit together,” LaFave said. “Att the end of dinner, we said, ‘Wes need to explore Latimer added: “We did. And that’s why we’rer here.
”
Tuesday, November 23, 2010
Michelle Obama's new spokeswoman challenged Prop. 8 - San Francisco Chronicle (blog)
framptongeqeaqu1461.blogspot.com
Michelle Obama's new spokeswoman challenged Prop. 8 San Francisco Chronicle (blog) The White House announcement on Michelle Obama's new press spokeswoman, Kristina Schake, listed the credentials you'd expect: she's worked on obesity and ... |
Monday, November 22, 2010
Zicam maker pulls products, but affirms safety - Kansas City Business Journal:
http://bestbankin.com/en/loans/page_21.html
The FDA said it received more than 130 complaint from consumers saying they have lost their sense of smel l after usingthe products. Jennifer Warren, a formeer school teacher who livesin Ala., said she lost her sensew of smell after using Zicam to preventy the duration of a cold a few yearzs ago, but had never complained to the FDA or the compant because she figured there was no way to prove Zicam caused her anosmia. She said she doesn’gt want to sue Scottsdale-base d Matrixx (Nasdaq:MTXX) even after learning othersz have had thesame “I don’t think Zicam was created to hurt anyone,” she said.
“Wew sit here and we rip and we rave about all thesde drugs not being allowed onthe market. The firsr time anything goes wrong, everybody wantx to go sue, sue, sue. That drivess me nuts. I honestly believde the people were tryinbg to do something to help people not get William Hemelt, acting president and chier operating officer of Matrixx, said the FDA action was takem without reviewing research he would have been more than willint to provide. “We think the science does not supporty this allegationat all,” he said. “Quite honestly, we woulc not be selling the product if we thought itwas unsafe.
” Zicam products use a homeopathifc remedy called Zincum Gluconicum 2x, which mean they require FDA approval. Dr. Sam Benjamin, a medical doctor with a homeopathic license, said he can’ft figure out why the FDA has takenn so long to deal withthe issue. “I can think of no part of alternative medicine that summons up more worry to conventionao physiciansthan homeopathy,” said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayds at 2 p.m. and 1,000 followersw on Twitter. “There are so many drugxs around that cause why would one event want to expose people to any Brett Berty, a senior recall strategist at Stericyclde Inc. in Lake Forest, Ill.
, is cominyg to Phoenix this week to meet with Matrixx officialzs to see if he can help the companyu withdamage control. Usually, he said, companies will voluntarilt recall a product before the FDAgets That’s not how it happenedc with Matrixx. The FDA steppec in and warned Matrixs that it had received more than 130 consumef complaints and that the company needed to stop marketinv the product until it can put a warningf label on its packaging that it couldccause anosmia.
Over the past 10 years, Berty has workede with manufacturers to conductabout 1,300 recalls, including “Typically, hopefully, the manufacturer will work with me priorf to approaching the regulatory agency,” he said. “The most important thing for Matrixx is you can turn a seeminglyu awful situation into an opportunittyif you’re judged by the publicv as being part of the solution. How swiftly do they executer that will demonstrate their concern forthe public’a safety.” When the FDA sent the warning letter to Matrixxs and advised consumers not to use certain Zicam cold on June 16, Matrixx’s stoc k plummeted 70 percent to $5.78 a share.
It bouncec up a bit to $6.13 a day but nowhere near its 52-week high of $19.74, near its trading point before the FDA sent the warning For the fiscal year endedMarch 31, Matrixx reported $13.8 million in net incom on $112 million in net up from $10.4 million in net income on $101 millionm in net sales a year ago. Hemelf said he will be meeting with FDA regulators to discusasthe issue. He also scheduled a conference callwith
The FDA said it received more than 130 complaint from consumers saying they have lost their sense of smel l after usingthe products. Jennifer Warren, a formeer school teacher who livesin Ala., said she lost her sensew of smell after using Zicam to preventy the duration of a cold a few yearzs ago, but had never complained to the FDA or the compant because she figured there was no way to prove Zicam caused her anosmia. She said she doesn’gt want to sue Scottsdale-base d Matrixx (Nasdaq:MTXX) even after learning othersz have had thesame “I don’t think Zicam was created to hurt anyone,” she said.
“Wew sit here and we rip and we rave about all thesde drugs not being allowed onthe market. The firsr time anything goes wrong, everybody wantx to go sue, sue, sue. That drivess me nuts. I honestly believde the people were tryinbg to do something to help people not get William Hemelt, acting president and chier operating officer of Matrixx, said the FDA action was takem without reviewing research he would have been more than willint to provide. “We think the science does not supporty this allegationat all,” he said. “Quite honestly, we woulc not be selling the product if we thought itwas unsafe.
” Zicam products use a homeopathifc remedy called Zincum Gluconicum 2x, which mean they require FDA approval. Dr. Sam Benjamin, a medical doctor with a homeopathic license, said he can’ft figure out why the FDA has takenn so long to deal withthe issue. “I can think of no part of alternative medicine that summons up more worry to conventionao physiciansthan homeopathy,” said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayds at 2 p.m. and 1,000 followersw on Twitter. “There are so many drugxs around that cause why would one event want to expose people to any Brett Berty, a senior recall strategist at Stericyclde Inc. in Lake Forest, Ill.
, is cominyg to Phoenix this week to meet with Matrixx officialzs to see if he can help the companyu withdamage control. Usually, he said, companies will voluntarilt recall a product before the FDAgets That’s not how it happenedc with Matrixx. The FDA steppec in and warned Matrixs that it had received more than 130 consumef complaints and that the company needed to stop marketinv the product until it can put a warningf label on its packaging that it couldccause anosmia.
Over the past 10 years, Berty has workede with manufacturers to conductabout 1,300 recalls, including “Typically, hopefully, the manufacturer will work with me priorf to approaching the regulatory agency,” he said. “The most important thing for Matrixx is you can turn a seeminglyu awful situation into an opportunittyif you’re judged by the publicv as being part of the solution. How swiftly do they executer that will demonstrate their concern forthe public’a safety.” When the FDA sent the warning letter to Matrixxs and advised consumers not to use certain Zicam cold on June 16, Matrixx’s stoc k plummeted 70 percent to $5.78 a share.
It bouncec up a bit to $6.13 a day but nowhere near its 52-week high of $19.74, near its trading point before the FDA sent the warning For the fiscal year endedMarch 31, Matrixx reported $13.8 million in net incom on $112 million in net up from $10.4 million in net income on $101 millionm in net sales a year ago. Hemelf said he will be meeting with FDA regulators to discusasthe issue. He also scheduled a conference callwith
Saturday, November 20, 2010
LandMar files for bankruptcy - Jacksonville Business Journal:
http://terrymichael.net/Htm_SiteArticles/TerryMichadStreet.ComArticleKremlinized_12_08_09.htm
The Jacksonville-based residential development company was amont 125 affiliates that filed along with itsparent Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 billion, accordinfg to the filing, and its largest debt, at $13.6 million, is to Bank of America. The filingv was necessary, according to a statemenrt on Crescent’s Web site, for the company to reorganize its reduce its debt leveo and improve itscapital structure.
Crescent intends to operate its continuin businesses without any significant interruption during the restructuring processe because of a recentlyobtained debtor-in-possession financing facility of $110 millioh from a group of its existing lenders, accordinvg to the statement. Andrew Hede, Crescent’s chief restructuringh officer, has been named CEO while its former chief Arthur Fields, has retirex and will work with Crescenrt in an advisory capacity.
“We have been in active discussionss with our lenders and othef stakeholders as we work towards an agreement that will brin g our capital structure in line with the currengteconomic environment,” Hede said in a statement on the company’s Web site. Charlotte-based Crescent has been pursuing alternatives to shorr up its balance sheetfor months, including sellinf some of its assets. The company is jointly ownec by (NYSE: DUK) and Morgan Stanley and has 38 residentia communities under development inthe Georgia, Texas, Arizona and Florida.
Crescent acquired a controllingf interest in LandMarin 1999, but left LandMar’s Ed Burr, in control of the company until he resignedc after a failed attempt to buy back the companhy in 2007. The Jacksonville Economic Development Commission authorizex city lawyers in May to starg the foreclosure process onthe 41-acre parcel that was to be the Shipyards. Plans for the Shipyardw included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentiall units, 350 hotel rooms and 150 marina LandMar has developed or had plana to develop dozens more properties in Florida and throughout the
The Jacksonville-based residential development company was amont 125 affiliates that filed along with itsparent Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 billion, accordinfg to the filing, and its largest debt, at $13.6 million, is to Bank of America. The filingv was necessary, according to a statemenrt on Crescent’s Web site, for the company to reorganize its reduce its debt leveo and improve itscapital structure.
Crescent intends to operate its continuin businesses without any significant interruption during the restructuring processe because of a recentlyobtained debtor-in-possession financing facility of $110 millioh from a group of its existing lenders, accordinvg to the statement. Andrew Hede, Crescent’s chief restructuringh officer, has been named CEO while its former chief Arthur Fields, has retirex and will work with Crescenrt in an advisory capacity.
“We have been in active discussionss with our lenders and othef stakeholders as we work towards an agreement that will brin g our capital structure in line with the currengteconomic environment,” Hede said in a statement on the company’s Web site. Charlotte-based Crescent has been pursuing alternatives to shorr up its balance sheetfor months, including sellinf some of its assets. The company is jointly ownec by (NYSE: DUK) and Morgan Stanley and has 38 residentia communities under development inthe Georgia, Texas, Arizona and Florida.
Crescent acquired a controllingf interest in LandMarin 1999, but left LandMar’s Ed Burr, in control of the company until he resignedc after a failed attempt to buy back the companhy in 2007. The Jacksonville Economic Development Commission authorizex city lawyers in May to starg the foreclosure process onthe 41-acre parcel that was to be the Shipyards. Plans for the Shipyardw included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentiall units, 350 hotel rooms and 150 marina LandMar has developed or had plana to develop dozens more properties in Florida and throughout the
Friday, November 19, 2010
Posh St. Regis opens in Buckhead - Jacksonville Business Journal:
http://www.planeur-paysdelaloire.com/child-custody-and-relocation-laws/
The St. Regis Atlanta, at 88 West Pacesz Ferry Road, is the chain’s 16th hotel. The mark was foundede by John Jacob Astor in New York City more than acenturty ago, and the original St. Regis is still considerec one ofthe world’s finest. “We are prourd to unveil The St. Regis offering our discerning global gueste theiconic luxury, unmatched privilegw and bespoke services for which the St. Regise brand is renowned,” said Paul James, presidentt of St. Regis Hotels & a division of New York-based St.
Regis opensx with its signature-branded restaurant, Paces 88, and will add the reinventede Pano’s by in the The posh destination hotel and residencees open in adifficult economy, but Jamezs said the hotel’s Buckhead location, its tradition of customeer loyalty and its commitment to quality will help the hotel endurew the downturn. The regal St. Regis Atlantq opened with a A hotel executive usheredthe hotel’s openin g by “sabering” a bottle of following a longstanding tradition of the 105-year-old hotel mark. “I’m almost speechless in the way it crystallizes all we dreamtg itwould be,” James said.
The $120 million developed by and designedby , features 151 guesf rooms, 53 branded St. Regis a nearly 8,000-square-foot Remede Spa and nearlyu 17,000 square feet of indoor and outdooerevent space. The opening of the 26-story toweer completes a five-year journey for developer Paul Freeman. “We’ve delivered something much greater than we ever could have Freeman said. Simon the hotel's general manager, said the St. Regisx received more than 15,000 applications for its 200 positions. He said the hote could afford to be and has assembled an extremely talented Jonathan Jerusalmy, the hotel’s executive chef, is the acclaimecd former executive chef of the five-stad St.
Regis Resort in Monarch Beach, and executive banquet and sous chef at the Loews MiamiBeacuh Hotel. Joining Jerusalmy is a bevy of loca lAtlanta talent. Mark Alba, formere executive chef at Food Studio and sous chef for Concentrics Restaurantsdand Canoe, has been named chef de cuisine. And Herve former sommelier at Nikolai’s Roof, will be the St. wine director.
The St. Regis Atlanta, at 88 West Pacesz Ferry Road, is the chain’s 16th hotel. The mark was foundede by John Jacob Astor in New York City more than acenturty ago, and the original St. Regis is still considerec one ofthe world’s finest. “We are prourd to unveil The St. Regis offering our discerning global gueste theiconic luxury, unmatched privilegw and bespoke services for which the St. Regise brand is renowned,” said Paul James, presidentt of St. Regis Hotels & a division of New York-based St.
Regis opensx with its signature-branded restaurant, Paces 88, and will add the reinventede Pano’s by in the The posh destination hotel and residencees open in adifficult economy, but Jamezs said the hotel’s Buckhead location, its tradition of customeer loyalty and its commitment to quality will help the hotel endurew the downturn. The regal St. Regis Atlantq opened with a A hotel executive usheredthe hotel’s openin g by “sabering” a bottle of following a longstanding tradition of the 105-year-old hotel mark. “I’m almost speechless in the way it crystallizes all we dreamtg itwould be,” James said.
The $120 million developed by and designedby , features 151 guesf rooms, 53 branded St. Regis a nearly 8,000-square-foot Remede Spa and nearlyu 17,000 square feet of indoor and outdooerevent space. The opening of the 26-story toweer completes a five-year journey for developer Paul Freeman. “We’ve delivered something much greater than we ever could have Freeman said. Simon the hotel's general manager, said the St. Regisx received more than 15,000 applications for its 200 positions. He said the hote could afford to be and has assembled an extremely talented Jonathan Jerusalmy, the hotel’s executive chef, is the acclaimecd former executive chef of the five-stad St.
Regis Resort in Monarch Beach, and executive banquet and sous chef at the Loews MiamiBeacuh Hotel. Joining Jerusalmy is a bevy of loca lAtlanta talent. Mark Alba, formere executive chef at Food Studio and sous chef for Concentrics Restaurantsdand Canoe, has been named chef de cuisine. And Herve former sommelier at Nikolai’s Roof, will be the St. wine director.
Wednesday, November 17, 2010
Donaldson profit falls 42% in Q3 - San Francisco Business Times:
http://www.guolange.com/article/Content-Circles-Offers-New-Connector-to-Xerox-DocuShare.html
Bloomington-based Donaldson said Tuesday its third-quarter earnings slipped to about $27 million, or 34 centws per share. That’s down from a profit of $46 or 57 cents per share, during the same perior last year. The results include a pre-tax restructuring charge wortu $6.8 million, or 6 cents per share. Donaldsonm cut 850 workers during the since the start of itsfiscal year, the compan y has shed 2,700 workers, or aboutg 20 percent of its work force. Donaldsom (NYSE: DCI) recorded third-quarter sales of $413 million, down nearlyh 30 percent from $588 million in the year-agp period.
Revenue was down acrosas Donaldson’s business units, though sales of certain aerospace and defense products performed better than in the same quarterof 2008. Analysts polledd by Thomson Reuters had projectee a profit of 30 cents per share on revenueof $435 million. Such estimates typicallyh exclude one-time charges. Donaldson also lowered its full-year outlook with Bill Cook, companyg CEO, chairman and president, saying in a press statement that he expectse the economy to remain soft in the coming months. The company is projecting earnings ofbetweenj $1.55 and $1.70 per share for the year on revenus of between $1.8 billion and $1.9 billion.
Previously, it had projecteed a profit ofbetween $1.70 and $1.90 per share. Analysts, had projected earnings of $1.71 per sharse and sales of $1.94 billion. Cook also given the tough economy, Donaldson may have to make toits “business plans and cost structurer as necessary.” Donaldson reported its results after markett close.
Bloomington-based Donaldson said Tuesday its third-quarter earnings slipped to about $27 million, or 34 centws per share. That’s down from a profit of $46 or 57 cents per share, during the same perior last year. The results include a pre-tax restructuring charge wortu $6.8 million, or 6 cents per share. Donaldsonm cut 850 workers during the since the start of itsfiscal year, the compan y has shed 2,700 workers, or aboutg 20 percent of its work force. Donaldsom (NYSE: DCI) recorded third-quarter sales of $413 million, down nearlyh 30 percent from $588 million in the year-agp period.
Revenue was down acrosas Donaldson’s business units, though sales of certain aerospace and defense products performed better than in the same quarterof 2008. Analysts polledd by Thomson Reuters had projectee a profit of 30 cents per share on revenueof $435 million. Such estimates typicallyh exclude one-time charges. Donaldson also lowered its full-year outlook with Bill Cook, companyg CEO, chairman and president, saying in a press statement that he expectse the economy to remain soft in the coming months. The company is projecting earnings ofbetweenj $1.55 and $1.70 per share for the year on revenus of between $1.8 billion and $1.9 billion.
Previously, it had projecteed a profit ofbetween $1.70 and $1.90 per share. Analysts, had projected earnings of $1.71 per sharse and sales of $1.94 billion. Cook also given the tough economy, Donaldson may have to make toits “business plans and cost structurer as necessary.” Donaldson reported its results after markett close.
Tuesday, November 16, 2010
Embarq, CenturyTel complete $11.6B deal - The Business Review (Albany):
http://www.ferma-asso.org/2-3.html
Buyer (NYSE: CTL) completed its $11. billion stock and debt purchase ofEmbarw (NYSE: EQ), the companies announced early The combined company, , will be basee in Monroe, La., and potentially have $8 billion in annual revenue. It has more than 2.1 million broadband customers, 440,00 0 video subscribers and 7.5 million access linesd in 33 states. Embarq shareholders are two-thirdsa owners of the combined company, havinvg received 1.37 CenturyTel shares for each Embarqq sharethey owned. The deal included CenturyTekl assuming $5.8 billion in Embarq debt. The two brandes will be converted graduallyto CenturyLink, a processd expected to conclude later this year.
“The completion of this merger is a significant event forour customers, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stability to deliver the reliable and innovativer services that our customers wantand need. We look forward to this excitiny new chapter inour company’s history.” CenturyLink will keep “az significant presence” in the Overlanc Park area, though that locationm wasn’t among the regional operating headquartere listed: Las Vegas; Wentzville, Mo.; Fla.; Wake Forest, N.C.; and La Wis.
Embarq now employsz about 2,800 in the area, down from 4,5009 when it spun off from (NYSE: S) in 2006. That drop reflectsx the sale of Embarq’s logistics unit earlier this year and continua l job cuts as the company has attempted to keep a lid on costsx in anindustry that’s losin core customers to mobile phones. The recession has accelerateddthat trend, and observere say that could mean deeper and fastedr cuts than originally anticipated as the companies integrate. By the rural phone companies expect to saveabout $400 million a year in operating and capital expenses by 2011. They expect combined operating cash flow of morethan $4.2 billiomn and free cash flow of about $1.
9 billion. CenturyTep expects to continue its current annuak dividendof $2.80 a share. The combination is expected to add to free cash flow per sharrein 2010. Shares continues to trade under CenturyTel’s ticker symbol. Embara CEO Tom Gerke will serve as executive vice chairmanj of the CenturyLink board and overseed regulatory and governmental relations andhuman resources. Embar q ranks No. 3 on the Kansas City BusinesswJournal ’s list of area public
Buyer (NYSE: CTL) completed its $11. billion stock and debt purchase ofEmbarw (NYSE: EQ), the companies announced early The combined company, , will be basee in Monroe, La., and potentially have $8 billion in annual revenue. It has more than 2.1 million broadband customers, 440,00 0 video subscribers and 7.5 million access linesd in 33 states. Embarq shareholders are two-thirdsa owners of the combined company, havinvg received 1.37 CenturyTel shares for each Embarqq sharethey owned. The deal included CenturyTekl assuming $5.8 billion in Embarq debt. The two brandes will be converted graduallyto CenturyLink, a processd expected to conclude later this year.
“The completion of this merger is a significant event forour customers, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stability to deliver the reliable and innovativer services that our customers wantand need. We look forward to this excitiny new chapter inour company’s history.” CenturyLink will keep “az significant presence” in the Overlanc Park area, though that locationm wasn’t among the regional operating headquartere listed: Las Vegas; Wentzville, Mo.; Fla.; Wake Forest, N.C.; and La Wis.
Embarq now employsz about 2,800 in the area, down from 4,5009 when it spun off from (NYSE: S) in 2006. That drop reflectsx the sale of Embarq’s logistics unit earlier this year and continua l job cuts as the company has attempted to keep a lid on costsx in anindustry that’s losin core customers to mobile phones. The recession has accelerateddthat trend, and observere say that could mean deeper and fastedr cuts than originally anticipated as the companies integrate. By the rural phone companies expect to saveabout $400 million a year in operating and capital expenses by 2011. They expect combined operating cash flow of morethan $4.2 billiomn and free cash flow of about $1.
9 billion. CenturyTep expects to continue its current annuak dividendof $2.80 a share. The combination is expected to add to free cash flow per sharrein 2010. Shares continues to trade under CenturyTel’s ticker symbol. Embara CEO Tom Gerke will serve as executive vice chairmanj of the CenturyLink board and overseed regulatory and governmental relations andhuman resources. Embar q ranks No. 3 on the Kansas City BusinesswJournal ’s list of area public
Sunday, November 14, 2010
Sex education for M'sian primary schools next year - TODAYonline
http://www.carloseyles.com/shark-photographs/
MSN Philippines News | Sex education for M'sian primary schools next year TODAYonline KUALA LUMPUR - Next year, sex education will be taught in » |
Saturday, November 13, 2010
Seattle FHLB posts $467M Q1 capital deficiency - Puget Sound Business Journal (Seattle):
http://askcellphones.com/LG-phones/LG-Decoy-VX8610/
The bank has been to keep up its capita levels for the lastsevera months. The bank, which serves 380 member banks mostlyy inwestern states, also saw a net loss of $16.1 millioj as a result of its soured investments in mortgage-backed securities. That compares with net income of $31.65 million during the same time perioclast year. The bank took a $71.y7 million charge as a result of the loss in value on the The Federal Home Loan Bank which acts as a bank tobankx — also said its seen a decreaswe in member advances, with $31.8 billionj in advances outstanding compared with $36.9 billionb at the end of 2008.
Its members are drawnb from a district thatcovers Alaska, Idaho, Montana, Oregon, Washington, and Wyoming, plus the U.S. territories of Americamn Samoa and Guam and the Commonwealth of the NortherhMariana Islands.
The bank has been to keep up its capita levels for the lastsevera months. The bank, which serves 380 member banks mostlyy inwestern states, also saw a net loss of $16.1 millioj as a result of its soured investments in mortgage-backed securities. That compares with net income of $31.65 million during the same time perioclast year. The bank took a $71.y7 million charge as a result of the loss in value on the The Federal Home Loan Bank which acts as a bank tobankx — also said its seen a decreaswe in member advances, with $31.8 billionj in advances outstanding compared with $36.9 billionb at the end of 2008.
Its members are drawnb from a district thatcovers Alaska, Idaho, Montana, Oregon, Washington, and Wyoming, plus the U.S. territories of Americamn Samoa and Guam and the Commonwealth of the NortherhMariana Islands.
Thursday, November 11, 2010
Job market shrinking for college grads - Puget Sound Business Journal (Seattle):
http://savechildrennow.org/about_america_old.html
million students who will earn associateeor bachelor’s degrees in 2009. First, unemployment among their peers is onthe rise. Challenger, Gray Christmas says the unemployment rateamongy 20- to 24-year-olds rose to 13.9 percenr in March, from 9.2 percent a year ago, while unemploymenyt among 25- to 29-year-olds reached 10.9 percent in January, the highesf rate since 1983. Second, the current trend among employers is toreduc payrolls, not increase them. Challenger, Gray & Christma s says employers have announcednearly 1.
5 millio n job cuts since last July and while monthly job cuts have declined sincse reaching a peak of 241,7499 in January, they have not fallen beloq 100,000 in 2009 and may not for the remainder of the Finally, employers that are still hiring are scalinb back their outreach to the newly educatecd as the pool of availabled experienced workers grows. Gray & Christmas says employer participation in campus career fairs is down 20 percent to 35 percent atthe , whilew scheduled on-campus interviews are down 15 percent to 20 The at the has seen the number of companiew coming to campus shrink by approximately 15 compared to last year.
Challenger, Gray & Christmasz advises new graduates looking to crack the tightened job markeyt to adopt anaggressivr approach, including advertising their job searchn among former bosses, internship supervisors and teachers; doggedluy pursuing face-to-face interviews with potentiao employers by visiting job sites and waiting as long as it takews for a meeting; and usingg web research skills as well as networkinv connections such as Facebook and Twitter.
million students who will earn associateeor bachelor’s degrees in 2009. First, unemployment among their peers is onthe rise. Challenger, Gray Christmas says the unemployment rateamongy 20- to 24-year-olds rose to 13.9 percenr in March, from 9.2 percent a year ago, while unemploymenyt among 25- to 29-year-olds reached 10.9 percent in January, the highesf rate since 1983. Second, the current trend among employers is toreduc payrolls, not increase them. Challenger, Gray & Christma s says employers have announcednearly 1.
5 millio n job cuts since last July and while monthly job cuts have declined sincse reaching a peak of 241,7499 in January, they have not fallen beloq 100,000 in 2009 and may not for the remainder of the Finally, employers that are still hiring are scalinb back their outreach to the newly educatecd as the pool of availabled experienced workers grows. Gray & Christmas says employer participation in campus career fairs is down 20 percent to 35 percent atthe , whilew scheduled on-campus interviews are down 15 percent to 20 The at the has seen the number of companiew coming to campus shrink by approximately 15 compared to last year.
Challenger, Gray & Christmasz advises new graduates looking to crack the tightened job markeyt to adopt anaggressivr approach, including advertising their job searchn among former bosses, internship supervisors and teachers; doggedluy pursuing face-to-face interviews with potentiao employers by visiting job sites and waiting as long as it takews for a meeting; and usingg web research skills as well as networkinv connections such as Facebook and Twitter.
Wednesday, November 10, 2010
Valero Energy expects big hit from proposed Obama tax plan - San Antonio Business Journal:
polinaagyvtiwu.blogspot.com
The Obama administration announced plans earlier this montu to change tax laws that impact companies with overseas operations in a bid to promote more job growtj in theUnited States. “Our tax code actually provideas a competitive advantage to companies that invest and creater jobs overseas compared to thosee that invest and create those same jobs in the White House Press Secretary Robert Gibbs said in anews “In addition, our tax system is rife with opportunities to evadew and avoid taxes through offshore tax havens.” Gibbs says that in 2004, the most receny year for which data is available, U.S.
multinationao corporations paid $16 billion in taxes on $700 billionj in foreign active earnings, for an effective tax rate of just 2.3 As the first plank of its international taxrefork package, the Obama administration wants to repeal the abilityt of American companies to “take deductions agains t their U.S. taxable income for expenses supportingh profitsin low-tax jurisdictions on which they defer payint taxes on for years and perhaps This is the provision that would most impact according to company spokesman Bill Day. “The portion we are concernedr about is the part that would remove deductions on interest forinvestmentxs overseas,” Day says.
This would have the bigges t impacton Valero’s operations at its refinery in Day says. Aruba is a 21 mile-long island that is part of the Lesserr Antilles chain in the southernCaribbean Sea. Valero’s refineryu in Aruba has a throughput capacitygof 285,000 barrels per day. It could also impacg the company’s refinery in Quebec, Canada which has a throughput capacithyof 215,000 barrels per day. Day says if Valeri loses the ability to deductf interest on loans the company takez out to do maintenance and repair work atits foreign-based it would cost the company approximately $30 million “We disagree that this would creatw more jobs in the U.S.
,” Day “We think that it woulde make us less competitive internationally.” Day says that Valerp should not be penalized for its operations in Arubsa and Quebec because the company did not take jobs out of the U.S. it purchased existing refineries in those countriez and madesubstantial upgrades. Valero (NYSE: VLO) owns and operate 16 refineries throughout the United Canada and the Caribbean with a combined throughputf capacity of 3 million barrelsz of oilper day.
Marcello Tamez, a partner in the San Antonio law officeof LLP, says the Obam administration’s proposal to crack down on offshors business operations was triggereds by revelations that came out of the financiap meltdown on Wall Street. When the Swisas megabank was forced to reveal tothe U.S. government some of its clientx who purportedly use the bank to avoidrpaying U.S. taxes, it triggerec a series of reform efforts that have culminatede in this latest proposal by the Obama administration to changew some of thetax laws, he Tamez says he does not think many San Antonil companies will be impacted by the changes, but thers may be a few.
, whicnh merged with a Bermuda-based compang two years ago, had little to say on the John Narraway, vice president of corporat e communications for theinsurance company, declined to comment on the president’s proposal. He did confirm, however, that Argonaut stilpl has 300 people in its officesa inSan Antonio. Peter Ryan, head of offshorinh and outsourcing analysisat , a New York-based business informatiob and market analysis company, says no one should be surprisedc by Obama’s actions in this case because he is simpluy doing what he said he would do while on the campaign “There can be little doubt that the Obamaz administration is doing its best to make good on campaignm promises to encourage U.
S. firms to limit offshorinb as muchas possible,” Ryan Ryan says should Obama’s new tax plan becomwe law in 2011 as proposed it could lead to higherr prices for consumers, reduced operational efficiencies and the eroding of long-term competitiveness of U.S. firms with offshore operations. “In an era of ever-tightening not only will this option be unpalatables formany (companies) looking to work with an it could also force existin g clients to examine other business models,” Ryan says. He adds that unlessa other nations follow suit and raised taxesas well, U.S. firms operatinv overseas will be ata disadvantage. “Thids will leave U.S.
outsourcers with few options othed than to find ways of offsettingv their own higher taxesd throughinternal cost-cutting or possiblyg relocating to more tax friendly jurisdictions,” Ryan says. Valero spokemabn Day says his company has been looking at opportunities to make moreinvestment overseas, but if the proposed tax changesx take effect, it would change that “We would have to take a hard look and see how it woul affect us before makinhg any new investments,” he
The Obama administration announced plans earlier this montu to change tax laws that impact companies with overseas operations in a bid to promote more job growtj in theUnited States. “Our tax code actually provideas a competitive advantage to companies that invest and creater jobs overseas compared to thosee that invest and create those same jobs in the White House Press Secretary Robert Gibbs said in anews “In addition, our tax system is rife with opportunities to evadew and avoid taxes through offshore tax havens.” Gibbs says that in 2004, the most receny year for which data is available, U.S.
multinationao corporations paid $16 billion in taxes on $700 billionj in foreign active earnings, for an effective tax rate of just 2.3 As the first plank of its international taxrefork package, the Obama administration wants to repeal the abilityt of American companies to “take deductions agains t their U.S. taxable income for expenses supportingh profitsin low-tax jurisdictions on which they defer payint taxes on for years and perhaps This is the provision that would most impact according to company spokesman Bill Day. “The portion we are concernedr about is the part that would remove deductions on interest forinvestmentxs overseas,” Day says.
This would have the bigges t impacton Valero’s operations at its refinery in Day says. Aruba is a 21 mile-long island that is part of the Lesserr Antilles chain in the southernCaribbean Sea. Valero’s refineryu in Aruba has a throughput capacitygof 285,000 barrels per day. It could also impacg the company’s refinery in Quebec, Canada which has a throughput capacithyof 215,000 barrels per day. Day says if Valeri loses the ability to deductf interest on loans the company takez out to do maintenance and repair work atits foreign-based it would cost the company approximately $30 million “We disagree that this would creatw more jobs in the U.S.
,” Day “We think that it woulde make us less competitive internationally.” Day says that Valerp should not be penalized for its operations in Arubsa and Quebec because the company did not take jobs out of the U.S. it purchased existing refineries in those countriez and madesubstantial upgrades. Valero (NYSE: VLO) owns and operate 16 refineries throughout the United Canada and the Caribbean with a combined throughputf capacity of 3 million barrelsz of oilper day.
Marcello Tamez, a partner in the San Antonio law officeof LLP, says the Obam administration’s proposal to crack down on offshors business operations was triggereds by revelations that came out of the financiap meltdown on Wall Street. When the Swisas megabank was forced to reveal tothe U.S. government some of its clientx who purportedly use the bank to avoidrpaying U.S. taxes, it triggerec a series of reform efforts that have culminatede in this latest proposal by the Obama administration to changew some of thetax laws, he Tamez says he does not think many San Antonil companies will be impacted by the changes, but thers may be a few.
, whicnh merged with a Bermuda-based compang two years ago, had little to say on the John Narraway, vice president of corporat e communications for theinsurance company, declined to comment on the president’s proposal. He did confirm, however, that Argonaut stilpl has 300 people in its officesa inSan Antonio. Peter Ryan, head of offshorinh and outsourcing analysisat , a New York-based business informatiob and market analysis company, says no one should be surprisedc by Obama’s actions in this case because he is simpluy doing what he said he would do while on the campaign “There can be little doubt that the Obamaz administration is doing its best to make good on campaignm promises to encourage U.
S. firms to limit offshorinb as muchas possible,” Ryan Ryan says should Obama’s new tax plan becomwe law in 2011 as proposed it could lead to higherr prices for consumers, reduced operational efficiencies and the eroding of long-term competitiveness of U.S. firms with offshore operations. “In an era of ever-tightening not only will this option be unpalatables formany (companies) looking to work with an it could also force existin g clients to examine other business models,” Ryan says. He adds that unlessa other nations follow suit and raised taxesas well, U.S. firms operatinv overseas will be ata disadvantage. “Thids will leave U.S.
outsourcers with few options othed than to find ways of offsettingv their own higher taxesd throughinternal cost-cutting or possiblyg relocating to more tax friendly jurisdictions,” Ryan says. Valero spokemabn Day says his company has been looking at opportunities to make moreinvestment overseas, but if the proposed tax changesx take effect, it would change that “We would have to take a hard look and see how it woul affect us before makinhg any new investments,” he
Monday, November 8, 2010
Stewart and Associates, Inc. Company Profile | Company Information
burdukovahycel.blogspot.com
Stewart and Associates, LLC is a humanh resource services firm that has been assisting clientsz with human resource issues for more thanthirtty years. The company has a staffd of trained professionals, including recruiter s and a full-time researcher. Since 1969, we have helpefd companies identify and implement solutions to Human Captial Management We help our clients improvd the bottom line by addressing people management issues suchas recruiting, pre-employment screening, training and employee retention programs, and staffing strategies...
all customizesd to individual client As an authorized strategic business partner with Inscape, and Profiles International, we enable our clients to excel through the use of employese assessment products strategically utilizecd by over 40,000 companies in 87 countries worldwide. Our assessment products are designefdfor Executives, Managers and Human Resource professionalx who want to selecgt the right person for the job, retain enhance their performance and build leadershio skills. Stewart and Associates, LLC works with both large and small businesses to provide comprehensive humanresource solutions.
Through our four primarty divisions, we have the expertise to help you make the most of yourhuman resources. Headquartered in Kingsport, TN for over 35 Stewart and Associates, LLC has evolved into one of the leadint human resource services firmsin
Stewart and Associates, LLC is a humanh resource services firm that has been assisting clientsz with human resource issues for more thanthirtty years. The company has a staffd of trained professionals, including recruiter s and a full-time researcher. Since 1969, we have helpefd companies identify and implement solutions to Human Captial Management We help our clients improvd the bottom line by addressing people management issues suchas recruiting, pre-employment screening, training and employee retention programs, and staffing strategies...
all customizesd to individual client As an authorized strategic business partner with Inscape, and Profiles International, we enable our clients to excel through the use of employese assessment products strategically utilizecd by over 40,000 companies in 87 countries worldwide. Our assessment products are designefdfor Executives, Managers and Human Resource professionalx who want to selecgt the right person for the job, retain enhance their performance and build leadershio skills. Stewart and Associates, LLC works with both large and small businesses to provide comprehensive humanresource solutions.
Through our four primarty divisions, we have the expertise to help you make the most of yourhuman resources. Headquartered in Kingsport, TN for over 35 Stewart and Associates, LLC has evolved into one of the leadint human resource services firmsin
Sunday, November 7, 2010
Injury claims by Md. employees lack oversight, audit finds - Washington Examiner
http://www.jvc-abc.com/promotion/sport-entertainment-in-jakarta.html
Injury claims by Md. employees lack oversight, audit finds Washington Examiner ... as the basis for payments of more than $46 million per year, it is essential that [the treasurer's office] verify the propriety of the reported claims. ... |
Friday, November 5, 2010
Cold front to bring temperature drops, snows in north China - Xinhua
http://www.univshop.org/Online-Book-Marketing-The-5-Things-Authors-Get-Wrong.html
Cold front to bring temperature drops, snows in north China Xinhua 6 (Xinhua) -- A cold front will sweep north China in the coming three days and bring snows and temperature drops, the nation's meteorological authority ... China Forecasts Snow in North, Rain in Southern Provinces |
Thursday, November 4, 2010
Hogan & Hartson to double downtown office space - Houston Business Journal:
stockdaleiqemico1521.blogspot.com
The law firm is movinhg from Pennzoil Place at 711 Louisiana to the Bank of Americwa Center at700 Louisiana. Hogan & Hartsonb signed a 10-year lease to occupyt the entire43rd floor, which is nearl y 18,000 square feet. The firm will move into the 1.2 million square foot Class A office tower by the end ofthis "Our decision to relocate and take on a long-term lease reflecte the firm's commitment to this market," said Thad Dameris, managint partner of Hogan & Hartson's Houston in a prepared statement. "We anticipate growty in our energy, regulatory, and complex litigatiohn practices." Washington, D.C.
-based Hogan & Hartson has more than 1,1090 attorneys in 24 offices worldwide. The firm was represented in the leasee transaction by several brokers from Studley Inc., including Rick Rome and Nicole Miller in Washington, DC, and Kevin Hodges in Bank of America Center is owned by an affiliatse of the GE Pension Trust and the Novatu Group, which were represented in the deal by John Spaffor d of PM Realty Group LP.
The law firm is movinhg from Pennzoil Place at 711 Louisiana to the Bank of Americwa Center at700 Louisiana. Hogan & Hartsonb signed a 10-year lease to occupyt the entire43rd floor, which is nearl y 18,000 square feet. The firm will move into the 1.2 million square foot Class A office tower by the end ofthis "Our decision to relocate and take on a long-term lease reflecte the firm's commitment to this market," said Thad Dameris, managint partner of Hogan & Hartson's Houston in a prepared statement. "We anticipate growty in our energy, regulatory, and complex litigatiohn practices." Washington, D.C.
-based Hogan & Hartson has more than 1,1090 attorneys in 24 offices worldwide. The firm was represented in the leasee transaction by several brokers from Studley Inc., including Rick Rome and Nicole Miller in Washington, DC, and Kevin Hodges in Bank of America Center is owned by an affiliatse of the GE Pension Trust and the Novatu Group, which were represented in the deal by John Spaffor d of PM Realty Group LP.
Tuesday, November 2, 2010
AccuStrata wins $150,000 in federal stimulus funds - Washington Business Journal:
otomaqaqaba.blogspot.com
, which is housed in the Universityof Maryland’s Technology Advancement Program incubator, is receivingv the Department of Energy funds for a one-yeafr time frame to test out a singler concept federal leaders think coulds shine more light on the solar photovoltaic After developing a system that wringa even more power out of solar cells, the companhy is tasked by DOE to refine its optical monitoring system for solar photovoltaics to improvee their processes and cut their costs.
The idea is to fashionj new technology that could be rolled out on the solad photovoltaic market in the next two to six Company researchers have been focused onimproving thin-film solar cell manufacturin g to potentially double the amoungt of solar power that can be converted into energy 20 percent of a sun’s rays, rather than today’z norm of 10 percent — in the procesa ringing up more revenue for solar panel manufacturers and bringingv down costs for consumers.
AccuStrata, which must supply matching funds through thisstimulusa grant, is one of roughly two-dozenn technology companies nationwide accepting Recovergy Act checks totaling $22 million to researc h or demonstrate projects that can help speed the use of solart photovoltaics to generate electricity. The federal agency’s goal is for the solae technology to contribute equally to the power gridby 2015.
, which is housed in the Universityof Maryland’s Technology Advancement Program incubator, is receivingv the Department of Energy funds for a one-yeafr time frame to test out a singler concept federal leaders think coulds shine more light on the solar photovoltaic After developing a system that wringa even more power out of solar cells, the companhy is tasked by DOE to refine its optical monitoring system for solar photovoltaics to improvee their processes and cut their costs.
The idea is to fashionj new technology that could be rolled out on the solad photovoltaic market in the next two to six Company researchers have been focused onimproving thin-film solar cell manufacturin g to potentially double the amoungt of solar power that can be converted into energy 20 percent of a sun’s rays, rather than today’z norm of 10 percent — in the procesa ringing up more revenue for solar panel manufacturers and bringingv down costs for consumers.
AccuStrata, which must supply matching funds through thisstimulusa grant, is one of roughly two-dozenn technology companies nationwide accepting Recovergy Act checks totaling $22 million to researc h or demonstrate projects that can help speed the use of solart photovoltaics to generate electricity. The federal agency’s goal is for the solae technology to contribute equally to the power gridby 2015.
Monday, November 1, 2010
Formaspace needs more space - Boston Business Journal:
http://www.spain-elite.net/real_estate_financing_4
Formaspace Technical Furniture, makers of industrial workbenches, worktablew and laboratory furniture, needs to move out of its 30,000-square-foo t building into industrial space that rangewsfrom 55,000 square feet to 70,000 squared feet, Formaspace CEO Jeff Turk said. Whilre the second half of 2008 threw a kink inthe company’w projected growth as business spendingt on capital improvement plummeted, Turk said Formaspace eked out a records year and is hoping to build on that growth this In July 2008, the company’s export sales mostly to Asia — leading Turk to predicty that 2008’s revenue would total about $10 million, up from $7.2 millioj in 2007.
When the economy waned in late 2008, spending overalll went down, and Formaspace ended the yearwith $7.4 milliomn in revenues — still a record. Exports to Asia have slowesd as the dollar has Turk said, because it no longer offsetws shipping costs. Karen Parker, directorf of the Austin ExportAssistancr Center, said many companiesa that had started increasing their presence in internationalo markets have pulled back during the last year becauser the economic slowdown has spreae worldwide. This year the government has been a significant source of business forthe company, Turk said; Formaspacs just completed a large contract with the U.S.
Marine Turk said the company is also beginning to fielf inquiries and requests fromnongovernmental groups, which could signal confidence that the economyg is near a turning point. Formaspace is planningv to grow its staff of 42 to abougt 70 once the company movees to alarger space, which Turk hopesd will happen by next summer. The company’s currentr lease expires in June 2010. At the same Formaspace is investing in new machinery and new manufacturinh methods in an effort to shortenm delivery times froma one-to-10-day window to a one-to-three-day shipping time.
Turk hopes to stay relatively nearthe company’sx current Hutto home to stay close to Formaspace employees’ and is open to lookingg at buildings in Hutto, Round Rock and North Austin. Davifd Barber, an industrial broker with NAI said Formaspace can expect to pay 15 percengt to 20 percent less in rent than it would have paid ayear ago. The submarkets the company is most interestes in all have vacanch rates of more than 20 Barber said, and the company can expect increased concessionsa from landlords.
In the Verde Springbrook Corporate Center accommodatesindustrial tenants, and in Rounde Rock the new Racewagy Crossing project is also geared toward industrial Overall, Barber said the Austin-area industria market can expect substantial negative absorption for the firsty half of 2009, once research data comes out.
Formaspace Technical Furniture, makers of industrial workbenches, worktablew and laboratory furniture, needs to move out of its 30,000-square-foo t building into industrial space that rangewsfrom 55,000 square feet to 70,000 squared feet, Formaspace CEO Jeff Turk said. Whilre the second half of 2008 threw a kink inthe company’w projected growth as business spendingt on capital improvement plummeted, Turk said Formaspace eked out a records year and is hoping to build on that growth this In July 2008, the company’s export sales mostly to Asia — leading Turk to predicty that 2008’s revenue would total about $10 million, up from $7.2 millioj in 2007.
When the economy waned in late 2008, spending overalll went down, and Formaspace ended the yearwith $7.4 milliomn in revenues — still a record. Exports to Asia have slowesd as the dollar has Turk said, because it no longer offsetws shipping costs. Karen Parker, directorf of the Austin ExportAssistancr Center, said many companiesa that had started increasing their presence in internationalo markets have pulled back during the last year becauser the economic slowdown has spreae worldwide. This year the government has been a significant source of business forthe company, Turk said; Formaspacs just completed a large contract with the U.S.
Marine Turk said the company is also beginning to fielf inquiries and requests fromnongovernmental groups, which could signal confidence that the economyg is near a turning point. Formaspace is planningv to grow its staff of 42 to abougt 70 once the company movees to alarger space, which Turk hopesd will happen by next summer. The company’s currentr lease expires in June 2010. At the same Formaspace is investing in new machinery and new manufacturinh methods in an effort to shortenm delivery times froma one-to-10-day window to a one-to-three-day shipping time.
Turk hopes to stay relatively nearthe company’sx current Hutto home to stay close to Formaspace employees’ and is open to lookingg at buildings in Hutto, Round Rock and North Austin. Davifd Barber, an industrial broker with NAI said Formaspace can expect to pay 15 percengt to 20 percent less in rent than it would have paid ayear ago. The submarkets the company is most interestes in all have vacanch rates of more than 20 Barber said, and the company can expect increased concessionsa from landlords.
In the Verde Springbrook Corporate Center accommodatesindustrial tenants, and in Rounde Rock the new Racewagy Crossing project is also geared toward industrial Overall, Barber said the Austin-area industria market can expect substantial negative absorption for the firsty half of 2009, once research data comes out.
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