Sep 29: Positive Jobless Claims & GDP Reports - Zacks.com

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DirecTV profits drop in 4Q - Los Angeles Business from bizjournals:

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Analyst estimates placed the earnings per share at 33 Revenues were up inthe quarter, coming in at $5.3 up from $4.9 billion a year ago. For the company earned $1.52 billion, or $1.37 a share, on revenueds of $19.7 billion. In 2007, the company earned $1.456 billion, or $1.21 a share, on revenuea of $17.2 billion. At the end of the quarter, DirecTbV had 17.62 million subscribers, up 5 percenr from 16.83 million a year ago. The average monthly revenue per subscriber increased as comingin $90.46, up from $87.40 a year ago. El Segundo-baserd DirecTV (NASDAQ: DTV) is a satellitwe television provider. Its controlling shareholder is .

YRC Worldwide restructures executive team - Nashville Business Journal:

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In a release, Overland Park-based YRC YRCW) said Keith former president of YRCRegional Transportation; Michaepl Rapken, former executive vice presidentf and chief information officer; Jim Ritchie, former presidenf of YRC Logistics; and Christina Wise, former vice presidengt and treasurer, will leave the company by June 30. YRC also detailec the following appointments, effective immediately: John Garcia is executive vice president and chiefsales officer. Garciza is responsible for sales strategy and resultxs throughout YRC and its regionaloperating companies.
Garcia was president of Overland Park-based ’ds largest wireless business unit and chief marketinbg officer forSprint (NYSE: S). • Mike Smid, ’s presidenrt and COO, assumes responsibilit for the operations of all YRC Worldwide regionall andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidated organization comprising all strategic and operational finance activities throughoutr YRC Worldwide companies. • Sheil a Taylor, vice president of finance and investor assumes the role of reportingto Wicks.
• Greg executive vice president and chiefcmarketing officer, will lead a consolidatexd marketing effort, including brand and business development supporting all YRC Worldwide companies. • Mike executive vice president and chief informationb andservice officer, assumes responsibilithy for YRC Worldwide information technology, YRC custome service and the strategic direction for the regionalp customer service functions. Naatz continues to lead YRC Worldwide’sw program management efforts, initially designed to support the successful integration of Yellowand Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwids global logisticsmanagement Previously, Carr was COO for YRC Logistics and presidenft for the Americas and All the executives except Taylor report directly to YRC Worldwide Chairmam and CEO Bill Zollars. Dan executive vice president, general counse and secretary; and Jim Kissinger, executive vice president of humam resources, remain in their current roles, reporting to YRC Worldwide said in the release that the change will strengthenits “focus on critical areas to streamline decision-making while eliminating redundant efforts and “Today’s announcement is a significant, strategic step as we take advantagd of the full power of YRC Worldwide,” Zollarws said in the release.
“A functional organization structur e allows us to dedicate an even broader team of seasoned experts to the support of our customeres along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the companyy and the trucking industry the past severa months. YRC , or $4.34 a share, in the firsft quarter as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 cent a share, a year in federal bailout assistance for pension Company officials wouldn’t comment on the report.
More recently, the companh sold its headquarters to a group of locak investors led by Ken Block andSteve Block, principald of Kansas City real estate firm Block & Co. Inc. in a sale-leaseback deal that includes apotential 30-year lease for YRC. The company didn’t discloser the price or buyer, and Ken Block said he couldn’y comment because of a confidentiality but a YRC Securities and Exchang e Commission filing suggested the purchase pricewas $22. 5 million. YRC ranks No. 2 on the Kansas City Business Journal ’sa list of area public companies.

Hilton denies it charged $16 per muffin to Justice Department - Los Angeles Times

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Hilton denies it charged $16 per muffin to Justice Department Los Angeles Times Valet parking may be $42 a day at the Capital Hilton, but hotel officials are denying that they served $16 muffins at a Justice Department conference held there. The $16-per-person tab included fresh fruit, coffee and juice, plus tax and gratuity, ... and more »

Palestinians show support for Abbas' statehood bid - The Associated Press

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Business and childhood investment summit coming to St. Louis - St. Louis Business Journal:

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The in St. Louie recently received a $10,000 grant from the Partnershipfor America’s Economixc Success, which is managedf by , to hold a summit at the in partnershio with the , the and the Missouri Chilf Care Resource and Referral Network. The purposse of the summit is to engagee business leaders in makinh investments in children a nationao priority by sharing evidence on the economixc benefits of investments in young The Partnershipfor America’s Economic Success was created by a groupl of business leaders, economists, advocates and 13 funderxs to document the economic impacts to the natio of proven investments in childrenj from before birth to age 5, and to engaged business leaders as champions for young children.
The Partnership is managed by The PewCharitable Trusts. Baseds in St. Louis, the National Center for Parents as Teachersw runs Parentsas Teachers, a national parenty education program.

Resolute Games launching new iPhone app - Dayton Business Journal:

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Seven Deaths is a fighting game that follows the livese of eight characters through one night in Nagamachii through a battle for control inthe city. The game includeds full stories of the characters and detailed backgrounds. The game will also eventually includ e updatesfor Wi-Fi multiplayer and sociak media. Resolute Games has also created othereiPhone applications, including “Segment” and “Elvis Mobile.” And Resolute gamers will now have new, faster devices to play on.
At its Worldwidw Developers Conference inSan Francisco, announced the next generation of which will download content three times faster than the current brand and will included a 3-megapixel autofocus camera. It also has voice-controo features and a built-in compass. The 3GS also has improveds battery life with up to nine hourseon WiFi, 10 hours while watching video, 30 hourds using audio, 12 hours using 2G talk and five houra using 3G talk. The new iPhone will be available in blaclk and white onJune 19. It will sell for $199 for a 16GB modelk and $299 for 32GB.

Weber Shandwick gets 10 Minn. PRSA honors - Minneapolis / St. Paul Business Journal:

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Inc.    CHS Inc. with Exponen    Phillips Distilling Co. with OLSON  -- “Wood You Be My Valentine?” Mediqa Relations (Business/Industry - Budget over $75,000): Medisa Relations (Business/Industry - Budget unded $75,000):    General Mills, Inc. with OLSON   - “Are Retirees Without A Road  - “PinkTogether.com: Individually We’re Strong, Togetherf We’re Even Stronger”    General Mills, Inc. with OLSOm    Entegris Inc.
with Padilla Speer Beardslet    Minneapolis Saint Paul More to Life with PadillaSpeer Beardsley, Tunheim Programs    Minneapolis Saint Paul More to Life with Padillas Speer Beardsley, Tunheim    Partners, Weber Shandwick  - “DHA - eh? Accounting life’s DHA in Marketing Services (New - Budgeft under $75,000):  - “Saint Inform, Engage and Involve” Marketingb Services (New - Budgey over $75,000):    CA, Inc. with Webert Shandwick MarketingServices (Established - Budgeyt over $75,000): Marketing Products (New - Budgety under $75,000):    General Mills, Inc.
with OLSON Marketing Products (New - Budger over $75,000): Marketing Products (Establishede - Budget over $75,000):    Genera Mills, Inc. with OLSON  - “Out with the Rabbi t Ears - In with    Best Buy Co., Inc.    Best Buy, Geek Squa Special Events/Observances (less than sevejn days, Business/Industry)   - “Revealin the Future in Red, White and Special Events/Observances (less than seven Government/Nonprofit):  - “U.S. Army All-American Bowl”    U.S.
Army with Weber Shandwic Special Events/Observances (more than seven Business/Industry): Special Events/Observances (moree than seven days, Government/Nonprofit):    Minnesota Historicakl Society withFedoruk & Associates, Inc. Other   Bridget Aymar, University of Minnesota  Special Purposed Publication   Danielle Schumann and Allisonn Dent, University of Minnesota   Augustanaa PRSSA Chapter, Augustana College “U.S. Army All-American Bowl”   U.S.
Army with Webere Shandwick

Triad unemployment down slightly in April - The Business Journal of the Greater Triad Area:

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percent in March, according to data released Friday bythe N.C. Employmengt Security Commission. Rates also decreasee in severalTriad counties. April unemployment rates were: Alamance, 12 percent up from 11.9 percent in Caswell, 13.4 percent, up from 12.7 Davidson, 12.7 percent. down from 13.4 Davie, 11.4 percent, down from 11.8 percent; Forsyth, 9.2 down from 9.8 percent and Guilford, 10.5 down from 10.8 percent. Also: Montgomery, 13.8 percent, down from 14.4 perceng in March; Randolph, 11.7 percent, down from 12.2 percent; 13.3 percent, down from 13.5 Stokes, 10.7 percent, down from 11.2 percent; Surry, 12.9 down from 13.4 percent; and 10.7 percent, down from 11.3 percent.
The ESC said unemployment decreased in 83 ofthe state’s 100 countiesw during April. The Greensboro-High Poinyt area saw an increase in 400net non-farm jobs sinc e March, including gains of 700 in leisurde and hospitality and 600 in natural resources, miningb and construction. Those gains helped offseyt a loss of 800 jobsin trade, transportatiohn and utilities. Winston-Salem had a slighrt net decrease in the numberof non-farn jobs, losing 200 since March. Winston-Salem added 300 jobs each in leisur e and hospitality and educational and health services and lost 400 in professional and business services and 300 in transportationand utilities.
The Burlington market gained abouyt100 non-farm jobs in April, cominf in the leisure and hospitality

Pitt stresses humility heading to Maine game - Pittsburgh Tribune-Review

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Pitt stresses humility heading to Maine game Pittsburgh Tribune-Review Jerry DiPaola is a staff writer for the Pittsburgh Tribune-Review. He can be reached at 412-320-7997, via via e-mail or on Twitter. No one talks a bigger game than Pitt coach Todd Graham, but he toned it down ... and more »

Human Capital: People on the move, June 22 - Pacific Business News (Honolulu):

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promoted Mark Whalen to executive vice based in its main officein Needham. who has nearly 28 years of banking industry is the former presidengt and CEOof . He joined Needha m Bank in March of 2007 when the twoinstitutionxs merged. The law firm of LLP in Bostohn added Robert Brady as senior of counselo in the banking and financiaolservices practice. Brady was most recently a vice presidenty inthe supervision, regulation and credit department of the . G.T. Reilly & Co. , a Milton-based accounting firm, promoted Jayme Fitzgeralsd to accounting andauditing supervisor. She joine d the firm in 2003. hire d Lynnette Best as prograjm andevent coordinator.
She previousluy worked for TD Banknorth Gardemn as a communityrelations coordinator.

D.C. expects $1.2B less in FY 2011 revenue - Dayton Business Journal:

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Compared to estimates from this timelast D.C. expects $1.2 billion less in fiscal 2011 revenu eand $1.3 billion less in fiscal 2012 leaving a $211.5 million 2011 shortfall and a $223.2 million 2012 The CFO’s estimates represent the fourtjh straight quarter he has downgraded revenue. He project a slow recovery fromthe recession. Gandhi'w last projection came in when he downgraded his revenue estimate for fiscalyear 2009, ending Sept. 30, by $136 milliohn and his fiscal 2010 estimateby $346 millio from his outlook in December. The new $190 milliojn 2009 shortfall and $150 millionj 2010 shortfall will force Mayor Adrian Fenty and the to take almosyimmediate action.
If Fent y decides to tap into the $228 millioj fund — something Gandhi said he expected as earlh as later thisweek — it woulds be the first time for the By statute, D.C. would then have to repay the fund over the next two adding $95 million to the shortfallsx for fiscal 2010 and 2011. But Gandhio said there was littld alternative. Economically, “it is pouringt out there,” he said, and little else could be done to balances the budget by the end of the fiscal yearon 30. The estimates also mean that D.C. will have to restarrt negotiations on the fiscal 2010 on which it reached agreements to closd the previous shortfall earlierrthis month.
Gandhi said he expected a new proposap fromthe mayor. The CFO cited a number of deteriorating indicators in makinghis estimate, such as sliding tax revenuea from personal income, capital hotels and even sales tax, which had been on the rise throughg December but was down 2.7 percent through May. The city’ds unemployment rate was 10.7 percent in May, up from 5.8 percenf in December. Property tax reductions accountefor $122.6 million, or almost two-thirds, of the new $190 milliobn 2009 gap. In residential real estate, Gandhi reportedx sales of single family homee wereup 19.9 percent over last year for the perioe of February to April, but average prices were down 21.6 percent.
Condos were the opposite, postinfg sales down 4.6 percent from last year but priceawere 17.6 percent higher. On the commercialk side, the city continues to see an office vacancy rate that bestathe suburbs, 8.3 percent, but Gandhi said the city has faile to collect many of the taxes it expected when the city doubleds the vacant property tax rate from $5 per $100 of assessedx value to $10 of assessed value. He attributecd a $37 million drop in 2009 collectione through May to properties the has reclassified from vacanyt to the regular residential orcommercial rates.
Othefr property owners have simply not paid their causinganother $20 million drop in

Thursday is Dump the Pump Day - Phoenix Business Journal:

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Thursday is the fourth annual Dump thePump day, a nationap effort designed to get people out of their cars and onto theif bicycles or public transportation. The Americanj Public Transit Association sponsors the and public transportation systems across the countrhyare participating. In South Florida, four public transir agencies are partnering together to promote the day: Broward County Transit, Miami-Dade Transit, Palm Tran, and South Florida Regional Transportation Authority.
“With gas pricesd increasing 33 percent since coupled with uncertaineconomic times, peoplse have been looking for ways to save and ridinfg public transportation is a greatt choice to make,” APTA President William Millar said in a news In Florida, the average price for a galloh of regular is $2.69. In South Florida, West Palm Beac has the highest priceat $2.78, followed by Miamoi at $2.76, and Fort Lauderdal e at $2.74 a according to AAA's fuel gaugde report. Last year 10.7 billion trip s were taken on public transportation in theUnited States. This was a 52-yeafr high, marking a modern ridership according tothe APTA.
Public transportation use is up 38 percenft since1995 – almost tripl e the growth rate of the population (14 Nationally, nearly 2.6 billion trips were taken on publicf transportation in the first quarter of this year. With local and stats revenue for public transportation drying up due to the many public transportation systems are being forced to raisee fares orcut services, Millar In South Florida Tri-Rail officials have been warninhg that service may be cut approximately in half if the statde fails to establish dedicated funding by Oct. 1. The threat to servicew comes after Tri-Rail set a record year for ridershiop growthin 2008.
“Raising fares and cutting servic drives people away from using public transit and is as America struggles tocreates jobs, cut greenhouse gases, and reduce our reliance on expensiv foreign oil,” Millar said. Just last South Florida’s congressional delegation sent a letter to the askinhg for dedicated fundingfor Tri-Rail to secure its long-term

Ford sales climb to highest level since July - The Business Journal of Milwaukee:

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But sales were down 24.2 percentg compared with May 2008, when the company sold 213,23u units. For the first five months of Dearborn, Mich.-based Ford (NYSE: F) sold 620,303 units, compared with 981,150 unit during the same periox ayear earlier, a 36.8 percent In a sign that buyers might be comingt back to the luxury vehicle market, Ford’es Lincoln division reported that it sold 8,566 units in May, a 2.2 percenft increase over May 2008, when it sold 8,365 units. Sales of Ford Explorers, made at the Louisville Assembly Planyt on FernValley Road, declinede 34.6 percent, to 5,315 unitsw from 8,122 units a year ago. Sales of the Mercury Mountaineer, also made at Louisville dropped 45.
2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentuckg Truck Plant on Chamberlaij Lane, dropped 22.3 percent, to 33,381 from 42,973 units in May 2008. Sales of Ford Expeditioj SUVs, which began production at Kentucky Truck Plant in declined40 percent, to 3,150 units from 5,252 units a year earlier. Sales of the Lincolnb Navigator, also made at Kentucky Trucm Plant, dropped 40.6 percent, to 790 units from 1,329 unitsw a year earlier. Ford saw year-over-year gains in some of its car The companysold 19,786 Fusion sedansa in May, up 9.
4 percenr from the year-earlier period when it sold 18,088 Lincoln sold 1,553 Town Cars in May, up 103.3 percenyt from May 2008, when it sold 764 of the luxury vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent fromMay 2008, when it sold 542 Also Tuesday, Ford announced a summedr promotion to draw more consumers to Through June 30, the automaker will cover as much as three months of payments up to and its Ford Credit subsidiary will offer zero percenft financing on select Ford, Lincoln and Mercuryu vehicles.