isexufehub.wordpress.com
The company had to re-examinde the goodwill value because its stock price has falleb 70 percent over the past The loss is tied to theglobal recession’s impacft on the company, which upgradea telephone and data networks to fiber-opticf networks with more capacity and power, executives The move will likely translate to a significantg quarterly loss for the company, said Jim Kelleher, an analysf with New York-based who covers Cienaq (NASDAQ: CIEN). But it is a non-cashu charge and doesn’t impact ongoinvg business or future expenses, company spokeswoman Nicold Anderson said.
Goodwill writedownds have been common at many technology companies in the past six to eighf months as they suffer in the Kelleher said. Ciena’s outlook has weakened as its customerxs — telecommunication firms such as AT&rT and British Telecom — delay large purchases. ’ws Ratings Service in March changed its outloolk on the company from stableto negative. Ciena will report its quarterly earningasJune 4.
Friday, September 30, 2011
Tuesday, September 27, 2011
CKE sees Q1 net income, June sales fall - Jacksonville Business Journal:
ucenyt.wordpress.com
The company said that for the first quartere endedMay 18, it had net incomse of $14.4 million compared to $16.6 million in last year’sw quarter. CKE said its revenue fell 4 percenytto $446.8 million in the recenty quarter, compared to $466.2 million in the firstr quarter of 2008. “We held company-operated restaurant-level marginh flat to the prioe year and increased operating income despitea 1.8 percenty decrease in company-operated same-store sales during the said Andrew Puzder, chief executive, in a statement. “Wde delivered these results in the face of a challenginhg economy and a difficultcompetitive environment.
” Also Wednesday, CKE said same-stord sales at company-owned Hardee’s units fell 2.7 percen in the four-week period endes June 15 compared to an increase of 2.8 percent in the year-agpo period. Sales at the company’ Carl’s Jr. units fell 7.1 percent for the recent period comparecd to an increaseof 2.5 percent last Carl’s Jr. sales continue to be affectexd by the economyin California, Puzder Same-store sales compare salesa at stores that have been open at leasy a year. Blended same-store sale results for company-owned units declined 5.2 percent compared to an increaseof 2.6 percent in the year-ago period.
“The troubled economyg and fierce competitive pressures designed to attract low guest check consumerw continued to put pressureon same-store sales during periods five,” Puzder said. CKE will becomd “increasingly aggressive” in conveying its “greag value for the money” positioning, he said. The compang is testing Hardee’s breakfast menu, which it deeme d a success, at Carl’s Jr., CKE CKE Restaurants Inc. (NYSE: based in Carpinteria, Calif., had a total of 3,132 franchised or company-operated restaurants, including 1,205 Carl’s Jr. and 1,915 Hardee’s, as of May 18. CKE subsidiary is base in St. Louis.
The company said that for the first quartere endedMay 18, it had net incomse of $14.4 million compared to $16.6 million in last year’sw quarter. CKE said its revenue fell 4 percenytto $446.8 million in the recenty quarter, compared to $466.2 million in the firstr quarter of 2008. “We held company-operated restaurant-level marginh flat to the prioe year and increased operating income despitea 1.8 percenty decrease in company-operated same-store sales during the said Andrew Puzder, chief executive, in a statement. “Wde delivered these results in the face of a challenginhg economy and a difficultcompetitive environment.
” Also Wednesday, CKE said same-stord sales at company-owned Hardee’s units fell 2.7 percen in the four-week period endes June 15 compared to an increase of 2.8 percent in the year-agpo period. Sales at the company’ Carl’s Jr. units fell 7.1 percent for the recent period comparecd to an increaseof 2.5 percent last Carl’s Jr. sales continue to be affectexd by the economyin California, Puzder Same-store sales compare salesa at stores that have been open at leasy a year. Blended same-store sale results for company-owned units declined 5.2 percent compared to an increaseof 2.6 percent in the year-ago period.
“The troubled economyg and fierce competitive pressures designed to attract low guest check consumerw continued to put pressureon same-store sales during periods five,” Puzder said. CKE will becomd “increasingly aggressive” in conveying its “greag value for the money” positioning, he said. The compang is testing Hardee’s breakfast menu, which it deeme d a success, at Carl’s Jr., CKE CKE Restaurants Inc. (NYSE: based in Carpinteria, Calif., had a total of 3,132 franchised or company-operated restaurants, including 1,205 Carl’s Jr. and 1,915 Hardee’s, as of May 18. CKE subsidiary is base in St. Louis.
Sunday, September 25, 2011
Chelsea pick up a Fair Play award - 7M SPORTS
bacijaxymu.wordpress.com
Chelsea pick up a Fair Play award 7M SPORTS ... does not warrant the accuracy, adequacy or completeness of their contents. Your dealings with such third parties are solely between you and such third parties and we shall not be liable in any way for any loss or damage of any sort incurred by you. |
Friday, September 23, 2011
Darryl B. Hazel Executive Profile
tatyanagepoji.blogspot.com
Previously, Hazel was vice president of FordMotor Company, and was responsible for Lincoln and Mercury Marketing, with responsibilities for Revenue and Retail Managementy as well as Global Marketingv Services, a position he held since Septembef 2005. Hazel joined Ford Motor Company in 1972 as an analysgt inLincoln Mercury
Previously, Hazel was vice president of FordMotor Company, and was responsible for Lincoln and Mercury Marketing, with responsibilities for Revenue and Retail Managementy as well as Global Marketingv Services, a position he held since Septembef 2005. Hazel joined Ford Motor Company in 1972 as an analysgt inLincoln Mercury
Wednesday, September 21, 2011
Book Notes: Polar swimmer connects with polar explorer - Greece Post
ywyjihu.wordpress.com
Book Notes: Polar swimmer connects with polar explorer Greece Post It makes sense that extreme swimmer Lynne Cox would be drawn to the polar explorer Roald Amundsen. And it makes sense that she would want to investigate his motivation, his methods and the source, as she puts it, of his greatness. She and Amundsen are, ... |
Monday, September 19, 2011
Education funding still falls short despite federal stimulus infusion - San Antonio Business Journal:
fugowirik.wordpress.com
That was the sentiment of an eight-member panel of training and government experts gathered by the Souty Florida Business Journal to examine howthe $787 billion federal stimulus package is impacting the region’s educatioj and workforce training sectors. The panel marked the thirds in theBusiness Journal’s ongoing stimuluse series, aimed at tracking and analyzingg the flow of money from the Americanb Recovery and Reinvestment Act into Southn Florida. Florida’s Legislature was the only one nationalluy to request a federal waivefr that allowed it to take money from educatiob and replace it with stimulus dollars while othet states used stimulus dollars to augmentrthe budget.
The situation concerned paneliststatwe Sen. Eleanor Sobel. “We are not startinh at the starting line. The schoopl district in Broward County and thosew throughout the state are startinfg behind thestarting line,” Sobel said. “They have had problems for years and they are all Veteran educatorRobert Parks, a member of the Browardx County School Board, said, “Many of the largse urban districts in the nation are afraix of one thing, which is basically a bait and switch with those dollars.” What’s even more worrisome to some expertd is that the stimulus money will eventuallty run out.
“I’m really concerned abouy in three years; what’s going to happen?” said José president of ’s North Campus. “This is a Band-Aid.” He said the college’sw operating budget was cut $22 millioh while the stimulus money wasonly $13 million. Parkds said Broward County’s school systek has cut $1.4 billion from its constructiobn budget in addition to furloughing 700 teachers and51 “We’ve closed all of our school officea for the summer. We don’t have summer school Parks said. would have been looking at cutting its budget byaboutt $30 million without $12 milliohn in stimulus funds, said Dorothy K.
Russell, the university’s associater VP for financial affairs andbudgef director. The university cut 30 positionsand “had we not had the stimulu dollars it could have been much more severe.” Georgs Hanbury, executive VP and COO of , said the $1.3 billionh in stimulus funds given to the state relievefd pressure on the Legislature to further reduce suppor for Florida Resident Access Grants (FRAG), a key source of money for students, but he pointed out that the grants used to be $3,00o a year for students and are now The amount is important to students, who find enrollment caps at statew universities and turn to NSU and other privatd institutions.
He also said that universities are workint together to apply for federal stimulus NSU has a collaborative proposal with and FAU fora $50 milliohn research building with wet business incubator space and offices for the U.S. Geological which is helping overseeEvergladews restoration. “We have shovel-ready projects we have submittedr to the Governor and in the next 60 days we couldcput 1,000 people to work,” Hanbury The competition for these types of projects, though, is fierce. FAU is gettinhg about $12 million in direct infusion from the federapstimulus package, but the university also is seekingf money from the for labs and Russell said.
April was the month to submit applicationd and the results are expected by The strongest flowof money, so far, appears to be for programs that help the jobless as the state’z unemployment rate has hit 10.2 percent.
That was the sentiment of an eight-member panel of training and government experts gathered by the Souty Florida Business Journal to examine howthe $787 billion federal stimulus package is impacting the region’s educatioj and workforce training sectors. The panel marked the thirds in theBusiness Journal’s ongoing stimuluse series, aimed at tracking and analyzingg the flow of money from the Americanb Recovery and Reinvestment Act into Southn Florida. Florida’s Legislature was the only one nationalluy to request a federal waivefr that allowed it to take money from educatiob and replace it with stimulus dollars while othet states used stimulus dollars to augmentrthe budget.
The situation concerned paneliststatwe Sen. Eleanor Sobel. “We are not startinh at the starting line. The schoopl district in Broward County and thosew throughout the state are startinfg behind thestarting line,” Sobel said. “They have had problems for years and they are all Veteran educatorRobert Parks, a member of the Browardx County School Board, said, “Many of the largse urban districts in the nation are afraix of one thing, which is basically a bait and switch with those dollars.” What’s even more worrisome to some expertd is that the stimulus money will eventuallty run out.
“I’m really concerned abouy in three years; what’s going to happen?” said José president of ’s North Campus. “This is a Band-Aid.” He said the college’sw operating budget was cut $22 millioh while the stimulus money wasonly $13 million. Parkds said Broward County’s school systek has cut $1.4 billion from its constructiobn budget in addition to furloughing 700 teachers and51 “We’ve closed all of our school officea for the summer. We don’t have summer school Parks said. would have been looking at cutting its budget byaboutt $30 million without $12 milliohn in stimulus funds, said Dorothy K.
Russell, the university’s associater VP for financial affairs andbudgef director. The university cut 30 positionsand “had we not had the stimulu dollars it could have been much more severe.” Georgs Hanbury, executive VP and COO of , said the $1.3 billionh in stimulus funds given to the state relievefd pressure on the Legislature to further reduce suppor for Florida Resident Access Grants (FRAG), a key source of money for students, but he pointed out that the grants used to be $3,00o a year for students and are now The amount is important to students, who find enrollment caps at statew universities and turn to NSU and other privatd institutions.
He also said that universities are workint together to apply for federal stimulus NSU has a collaborative proposal with and FAU fora $50 milliohn research building with wet business incubator space and offices for the U.S. Geological which is helping overseeEvergladews restoration. “We have shovel-ready projects we have submittedr to the Governor and in the next 60 days we couldcput 1,000 people to work,” Hanbury The competition for these types of projects, though, is fierce. FAU is gettinhg about $12 million in direct infusion from the federapstimulus package, but the university also is seekingf money from the for labs and Russell said.
April was the month to submit applicationd and the results are expected by The strongest flowof money, so far, appears to be for programs that help the jobless as the state’z unemployment rate has hit 10.2 percent.
Saturday, September 17, 2011
TECO Energy outlook remains strong - St. Louis Business Journal:
fixyruw.wordpress.com
billion in debt held by and subsidiariesand Co. The ratingb is supported by the underlyiny strengthof TECO’s regulated electric and gas utilit y subsidiary, from which it derives stable cash distributionss to meet its funding requirements, Fitchb said a release. Tampqa Electric continues to post strongcredit metrics, it maintainds solid operating performance and it benefitsd from Florida’s constructive regulatory environment, Fitchh said. Fitch is concerned, however, about slowing customer growth atTampa Electric. But the companh has responded to slower growth by postponinh projects to increaseelectric capacity.
Another concer for Fitch is cash flow deterioratiohn atTECO (NYSE: TE) Guatemala because of the adverse rate order in 2008, unplannedx outages at the San Jose plant, uncertainty over the extension of a purchased powerf agreement, and the potential for deferre d or renegotiated contracts because of declining market prices, higherr production costs and slumpint demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percentr of theparent company’s consolidated earningse before interest, taxes, depreciatio and amortization, Fitch Credit ratios at Tampa Electridc should benefit from higher base rates in 2009 and 2010 as a resulyt of a $138 million rate order approved in March, Fitc said.
In addition, an affiliate waterborne transportation agreement that reducedTamps Electric’s annual net incomew by $10 million in prior years is expiring. Fitchj expects coverage ratios to remain relatively strong with funds from operationzs coverage at nearly five time sin 2009. TECO Coal is expected to benefit from higherd priced contracts signedin 2008. However, soft coal demanrd and higher mining production costas at TECO Coal raise the risks ofcontractual non-performance by counter-partiexs and pressured margins. Diverse regulatory ordere and operating issues at the Guatemalan operationas will result in dividend distributions that are lower than historic levels.
TECO's liquidity positiomn is considered strong, Fitch said. Cash and cash equivalents were $34.9 million and available credit facilitiedswere $530 million as of Marchh 31. Liquidity was enhanced by a netoperating loss-taxz carry forward of $547.5 million as of Dec. 31, whichh is expected to result in minimal cash tax paymentsthrouggh 2012. In addition, TECO'd $100 million note maturing in 2010 is expectedc to be retired withinternal cash.
Positive rating action could resul t in the future from consolidated leverage ratio reduction in 2010 and higherf cash flows from a full year of higher base ratesw in 2010 and effectivecost
billion in debt held by and subsidiariesand Co. The ratingb is supported by the underlyiny strengthof TECO’s regulated electric and gas utilit y subsidiary, from which it derives stable cash distributionss to meet its funding requirements, Fitchb said a release. Tampqa Electric continues to post strongcredit metrics, it maintainds solid operating performance and it benefitsd from Florida’s constructive regulatory environment, Fitchh said. Fitch is concerned, however, about slowing customer growth atTampa Electric. But the companh has responded to slower growth by postponinh projects to increaseelectric capacity.
Another concer for Fitch is cash flow deterioratiohn atTECO (NYSE: TE) Guatemala because of the adverse rate order in 2008, unplannedx outages at the San Jose plant, uncertainty over the extension of a purchased powerf agreement, and the potential for deferre d or renegotiated contracts because of declining market prices, higherr production costs and slumpint demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percentr of theparent company’s consolidated earningse before interest, taxes, depreciatio and amortization, Fitch Credit ratios at Tampa Electridc should benefit from higher base rates in 2009 and 2010 as a resulyt of a $138 million rate order approved in March, Fitc said.
In addition, an affiliate waterborne transportation agreement that reducedTamps Electric’s annual net incomew by $10 million in prior years is expiring. Fitchj expects coverage ratios to remain relatively strong with funds from operationzs coverage at nearly five time sin 2009. TECO Coal is expected to benefit from higherd priced contracts signedin 2008. However, soft coal demanrd and higher mining production costas at TECO Coal raise the risks ofcontractual non-performance by counter-partiexs and pressured margins. Diverse regulatory ordere and operating issues at the Guatemalan operationas will result in dividend distributions that are lower than historic levels.
TECO's liquidity positiomn is considered strong, Fitch said. Cash and cash equivalents were $34.9 million and available credit facilitiedswere $530 million as of Marchh 31. Liquidity was enhanced by a netoperating loss-taxz carry forward of $547.5 million as of Dec. 31, whichh is expected to result in minimal cash tax paymentsthrouggh 2012. In addition, TECO'd $100 million note maturing in 2010 is expectedc to be retired withinternal cash.
Positive rating action could resul t in the future from consolidated leverage ratio reduction in 2010 and higherf cash flows from a full year of higher base ratesw in 2010 and effectivecost
Thursday, September 15, 2011
AL school board OKs bonds sale for bldg. work - Albert Lea Tribune
sunrise-invoices.blogspot.com
AL school board OKs bonds sale for bldg. work Albert Lea Tribune The Albert Lea school board approved the sale of bonds Monday mainly for the sake of upgrading heating and cooling systems. At a special meeting Monday evening, the board approved selling alternative facilities bonds and Qualified Zone Academy Bonds. ... |
Monday, September 12, 2011
Target relaunches its store brand, called 'up and up' - The Business Journal of Milwaukee:
domnaofyvisyhojo.blogspot.com
The Minneapolis-based retail giant said Thursday it’s rebrande d its core commoditiesline — a producgt category that includes everyday items such as baby sunscreen, dryer sheets and plastic containers — under the name “upp & up.” The relaunch includes new packagingf that replaces the traditional bullseye logo with colorfuk arrows and the new name. Target TGT) has been phasing in “up up” products into its stores sincw March.
By the end of September, Target will be selling more than800 “ul & up” products in its Target claims the brand is equal in quality to national brandse — it hired a third-party testing firm to back up its claims — but at a lowee price, offering a savings of 30 percent on “Our guests are savvy and know they don’t have to spen d a lot to get high-quality Mark Schindele, Target’s senior vice president of merchandising, said in a news The rebranding goes along with othed Target efforts to stay competitive in the recession.
The retailer long capitalizedd on its lines of affordable housewaresand clothing, but that approach hasn’ft done as well in the downturnb — shoppers are more reluctant to spend on such discretionaru items and are using their cash on foodsx and necessities. Store brands are also on the upswing they’re generally more profitable than name-brands for the and market researchers say that consumerw are increasinglybuying in-house brands to save Earlier this year, Target rival relaunched its own privat e brand, called Great Value.
Target has also been working to boosty salesof food, both through a rollout and increased emphasisx on its in-store Archer Farms
The Minneapolis-based retail giant said Thursday it’s rebrande d its core commoditiesline — a producgt category that includes everyday items such as baby sunscreen, dryer sheets and plastic containers — under the name “upp & up.” The relaunch includes new packagingf that replaces the traditional bullseye logo with colorfuk arrows and the new name. Target TGT) has been phasing in “up up” products into its stores sincw March.
By the end of September, Target will be selling more than800 “ul & up” products in its Target claims the brand is equal in quality to national brandse — it hired a third-party testing firm to back up its claims — but at a lowee price, offering a savings of 30 percent on “Our guests are savvy and know they don’t have to spen d a lot to get high-quality Mark Schindele, Target’s senior vice president of merchandising, said in a news The rebranding goes along with othed Target efforts to stay competitive in the recession.
The retailer long capitalizedd on its lines of affordable housewaresand clothing, but that approach hasn’ft done as well in the downturnb — shoppers are more reluctant to spend on such discretionaru items and are using their cash on foodsx and necessities. Store brands are also on the upswing they’re generally more profitable than name-brands for the and market researchers say that consumerw are increasinglybuying in-house brands to save Earlier this year, Target rival relaunched its own privat e brand, called Great Value.
Target has also been working to boosty salesof food, both through a rollout and increased emphasisx on its in-store Archer Farms
Saturday, September 10, 2011
In Seeking Statehood, Palestinians Stir Concern - New York Times
vuwodu.wordpress.com
Sydney Morning Herald | In Seeking Statehood, Palestinians Stir Concern New York Times RAM » |
Thursday, September 8, 2011
Winter Games luge title spurs Cathro-Carson - Stuff.co.nz
ejoxot.wordpress.com
Stuff.co.nz | Winter Games luge title spurs Cathro-Carson Stuff.co.nz Timaru luge exponent Tyler Cathro-Carson is starting to find some traction in the Olympic sport that has him rocketing down the track face up and feet first. The 17-year-old Ronc » |
Tuesday, September 6, 2011
The Bay Institute Acquires Aquarium of the Bay, Completing Dramatic Turnaround
gerazawa.wordpress.com
As part of its acquisition The Bay Institute formed The Bay InstituteAquarium Foundation, a 501(3)(c) nonprofit, to purchasd the Aquarium from and Kenwood Bay LLC. The Aquarium will be ownedf by The Bay InstituteAquariumj Foundation, but continue to operate under the name Aquariumm of the Bay. "This acquisitiomn creates a new model of social entrepreneurship that partnersa aleading science-based nonprofitg with a successful, public aquarium," stated , Executive Director of The Bay "As a result of the acquisition, The Bay Institute'ss work to protect the largest estuary on the west coas t of the Americas will reach a larger audience, whilee Aquarium of the Bay will be able offer broadee school programs, undertake more aggressive research and conservation projects, and becomed a crossroad for collaboration among the scientific, interpretive and conservation communities.
" "Today'sx acquisition was the final step in a very but fulfilling, journey to nonprofit status," stated , who was Aquariu of the Bay's CEO during the turn-around and will servee as Executive Director of The Bay Institute Aquariuj Foundation. "It was only through the hard work ofthe aquarium'z staff and through partnerships with the Bay Area's leadiny environmental groups that we were able to turn Aquariumm of the Bay into a fully accredited marine nature centedr focusing on the Bay's rich and diverse marins life and ecosystems.
" Originally opened as Underwater World in 1996, the Aquariumk declared bankruptcy in 1999, was acquired by BNP Paribas in and then underwent a massive renovation and repositioning led by Frawley in 2001. Over the next three the Aquarium was accredited by the Associatio n of Zoosand Aquariums, and reached profitability. In Frawley approached The Bay Institute to acquirwe the Aquarium and turn it into a nonprofi centerfor education, sciencs and conservation.
When The Bay Institut e was unable to complete a capitakl campaign in time to purchase Aquarium of the Bay in May stepped in and acquired it with the inteny of providing additional time for The Bay Institute to raise thenecessary funds. Under Anderson's ownership, Aquarium of the Bay achievefd certification as a Green began a landmark sevengill sharjkresearch project, provided free classexs and tours to a record 15,0090 K-12 students, and became San Francisco's third largest gatedf attraction.
"As a fourth-generation San I wanted to ensure that the city had a waterfront aquariumj where people would both have fun and leavr with a sense of purpos to protect the SanFrancisco Bay," Anderso n commented. "I believe that restoring the health of the Bay is a criticaloenvironmental prerogative, and feel privileged to have been part of the aquarium'as evolution to a nonprofit marined nature center that inspires people to conserve one of the most ecologically rich places on earth." The Bay Institute'se acquisition of the Aquarium of the Bay is an impressive feat for the smallo nonprofit in trying economic times.
The Bay Institute's capitak campaign to acquire the aquarium attracted contributions from manyindividualk donors, donations from corporations and foundations, and major funding from the Davie and Lucile Packard the Richard and Rhoda Goldman Fund, the Maribn Community Foundation and the Dean Witte Foundation. Notable individual donors included , and the entirre board and many staff members of The Bay In addition, the campaign received supporf from colleague organizations, local and national politicao leaders, as well as pro bono servicesd from Morrison & Foerster, Deloitte and Ogilvyt Public Relations.
The balance of the funding was raisedr through the issuanceof tax-exempt revenue bonda backed by First National Bank of Centrao California, a unit of Pacific Capital The Bay Institute and The Bay Institute Aquarium Foundation will continuwe fundraising efforts to secure additional supporrt for expansion of their science, educationb and conservation programs, as well as new joint programs with other education and environmental organizations. "Raising the capital to acquire Aquarium of the Bay through traditionak fundraising during the most serious economic downturn inour country's recent history was an uphill battle," statedx Steven N.
Machtinger , President of the Board of The Bay InstitutedAquarium Foundation. "Thanks to the aquarium'e strong operating income, we were able to borroa the balanceof funding. Moving forward, our growth strategy calls for an ongoing campaignb to raise additional funding and grant in order to realize our vision of Aquarium of the Bay becomingt a world class interpretive center that will shap e the Bay for yearsto come." Aquariunm of the Bay is unique nature centere dedicated to inspiring conservation of the San Francisc o Bay and all marine environments.
It is the only aquarium featuring exhibitions focused specifically on the rich and diversed aquatic life and distinctive ecosystems of the Bay and itssurroundingt waters. The aquarium is accredited by the Associatio of Zoosand Aquariums, and certified as a Greenj Business by the city of San Francisco. The aquarium is fully ownexd by The Bay InstitutweAquarium Foundation, a 501(c)(3) nonprofit doing business as Aquariumk of the Bay. Additional information is availableat .
The San Francisclo Bay Area-based nonprofit, The Bay Institute, was founded in 1981 by pioneersz of a new advocac y approach which viewed the entire SanFranciscko Bay-Delta ecosystem as a single, interdependent The Bay Institute uses a combinationj of scientific research, public education and political advocacuy to work toward the protectionh and environmental restoration of the entirw watershed which drains into San Francisco Bay. The Bay Institute'se work encompasses the centers of politicall andeconomic power, from Sacramento to Los Angelea to Washington, D.C.
, where it works to place long-terkm environmental needs on equal footing with other priorities in the formation of the area's environmentap and economic policies. Available Topic Expert(s): For informatiohn on the listed expert(s), click appropriate
As part of its acquisition The Bay Institute formed The Bay InstituteAquarium Foundation, a 501(3)(c) nonprofit, to purchasd the Aquarium from and Kenwood Bay LLC. The Aquarium will be ownedf by The Bay InstituteAquariumj Foundation, but continue to operate under the name Aquariumm of the Bay. "This acquisitiomn creates a new model of social entrepreneurship that partnersa aleading science-based nonprofitg with a successful, public aquarium," stated , Executive Director of The Bay "As a result of the acquisition, The Bay Institute'ss work to protect the largest estuary on the west coas t of the Americas will reach a larger audience, whilee Aquarium of the Bay will be able offer broadee school programs, undertake more aggressive research and conservation projects, and becomed a crossroad for collaboration among the scientific, interpretive and conservation communities.
" "Today'sx acquisition was the final step in a very but fulfilling, journey to nonprofit status," stated , who was Aquariu of the Bay's CEO during the turn-around and will servee as Executive Director of The Bay Institute Aquariuj Foundation. "It was only through the hard work ofthe aquarium'z staff and through partnerships with the Bay Area's leadiny environmental groups that we were able to turn Aquariumm of the Bay into a fully accredited marine nature centedr focusing on the Bay's rich and diverse marins life and ecosystems.
" Originally opened as Underwater World in 1996, the Aquariumk declared bankruptcy in 1999, was acquired by BNP Paribas in and then underwent a massive renovation and repositioning led by Frawley in 2001. Over the next three the Aquarium was accredited by the Associatio n of Zoosand Aquariums, and reached profitability. In Frawley approached The Bay Institute to acquirwe the Aquarium and turn it into a nonprofi centerfor education, sciencs and conservation.
When The Bay Institut e was unable to complete a capitakl campaign in time to purchase Aquarium of the Bay in May stepped in and acquired it with the inteny of providing additional time for The Bay Institute to raise thenecessary funds. Under Anderson's ownership, Aquarium of the Bay achievefd certification as a Green began a landmark sevengill sharjkresearch project, provided free classexs and tours to a record 15,0090 K-12 students, and became San Francisco's third largest gatedf attraction.
"As a fourth-generation San I wanted to ensure that the city had a waterfront aquariumj where people would both have fun and leavr with a sense of purpos to protect the SanFrancisco Bay," Anderso n commented. "I believe that restoring the health of the Bay is a criticaloenvironmental prerogative, and feel privileged to have been part of the aquarium'as evolution to a nonprofit marined nature center that inspires people to conserve one of the most ecologically rich places on earth." The Bay Institute'se acquisition of the Aquarium of the Bay is an impressive feat for the smallo nonprofit in trying economic times.
The Bay Institute's capitak campaign to acquire the aquarium attracted contributions from manyindividualk donors, donations from corporations and foundations, and major funding from the Davie and Lucile Packard the Richard and Rhoda Goldman Fund, the Maribn Community Foundation and the Dean Witte Foundation. Notable individual donors included , and the entirre board and many staff members of The Bay In addition, the campaign received supporf from colleague organizations, local and national politicao leaders, as well as pro bono servicesd from Morrison & Foerster, Deloitte and Ogilvyt Public Relations.
The balance of the funding was raisedr through the issuanceof tax-exempt revenue bonda backed by First National Bank of Centrao California, a unit of Pacific Capital The Bay Institute and The Bay Institute Aquarium Foundation will continuwe fundraising efforts to secure additional supporrt for expansion of their science, educationb and conservation programs, as well as new joint programs with other education and environmental organizations. "Raising the capital to acquire Aquarium of the Bay through traditionak fundraising during the most serious economic downturn inour country's recent history was an uphill battle," statedx Steven N.
Machtinger , President of the Board of The Bay InstitutedAquarium Foundation. "Thanks to the aquarium'e strong operating income, we were able to borroa the balanceof funding. Moving forward, our growth strategy calls for an ongoing campaignb to raise additional funding and grant in order to realize our vision of Aquarium of the Bay becomingt a world class interpretive center that will shap e the Bay for yearsto come." Aquariunm of the Bay is unique nature centere dedicated to inspiring conservation of the San Francisc o Bay and all marine environments.
It is the only aquarium featuring exhibitions focused specifically on the rich and diversed aquatic life and distinctive ecosystems of the Bay and itssurroundingt waters. The aquarium is accredited by the Associatio of Zoosand Aquariums, and certified as a Greenj Business by the city of San Francisco. The aquarium is fully ownexd by The Bay InstitutweAquarium Foundation, a 501(c)(3) nonprofit doing business as Aquariumk of the Bay. Additional information is availableat .
The San Francisclo Bay Area-based nonprofit, The Bay Institute, was founded in 1981 by pioneersz of a new advocac y approach which viewed the entire SanFranciscko Bay-Delta ecosystem as a single, interdependent The Bay Institute uses a combinationj of scientific research, public education and political advocacuy to work toward the protectionh and environmental restoration of the entirw watershed which drains into San Francisco Bay. The Bay Institute'se work encompasses the centers of politicall andeconomic power, from Sacramento to Los Angelea to Washington, D.C.
, where it works to place long-terkm environmental needs on equal footing with other priorities in the formation of the area's environmentap and economic policies. Available Topic Expert(s): For informatiohn on the listed expert(s), click appropriate
Sunday, September 4, 2011
Notteprog. Il 30 agosto a Taurianova grande evento per i 40 anni di rock degli ... - Newz.it
ivyhofy.wordpress.com
Newz.it | Notteprog. Il 30 agosto a Taurianova grande evento per i 40 anni di rock degli ... Newz.it Reduci dal recente successo ottenuto nel 2010 nel tour in Giappone e Corea,ovvero nelle città di Tokyo,Kawasaki e Seoul e nel tour italiano con le splendide esibizioni nei famosi festival quali Verona Prog Fest, Fasano Jazz, Afrakà Rock Festival, ... |
Thursday, September 1, 2011
Associated may post 2Q net loss - Pacific Business News (Honolulu):
ufysyho.wordpress.com
Charge-offs totaled $104 million at the end of the first quarter, according to Associated’s filing with the Federal DepositInsurance Corp. Meanwhile, second quartee net charge-offs are expected to be between $60 millionb and $70 million, Green Bay-based Associated (NASDAQ: said Monday afternoon. The figurew was $56.9 million as of the end of the firsty quarter onMarch 31. The bank’s managemenrt said weakness in the economy has resultedin asset-qualituy downgrades to Associated’s construction, commercial real estate and commercial and industria l credits.
“We believe loan loss provisionsand charge-offxs will remain elevated due to the continuerd deterioration in the real estate sector and the weak said chairman and CEO Paul Beideman. “We expect the pace of loan and asseyt deterioration to moderate infuture quarters.” Associates executives said that, after taking into consideration the increased loan-losas provision, the company’s capital levels will still exceedd well-capitalized standards as of June 30. Associatedr said its board has formed a risk and credigt committee to supplement risk management oversight performed by the companyy andthe company's audit committee.
The boarr has appointed to the new committeeJohn Seramur, Eileejn Kamerick and Richard The company will releasre second-quarter results on July 16. Associates stock closed at $13.37 on Monday.
Charge-offs totaled $104 million at the end of the first quarter, according to Associated’s filing with the Federal DepositInsurance Corp. Meanwhile, second quartee net charge-offs are expected to be between $60 millionb and $70 million, Green Bay-based Associated (NASDAQ: said Monday afternoon. The figurew was $56.9 million as of the end of the firsty quarter onMarch 31. The bank’s managemenrt said weakness in the economy has resultedin asset-qualituy downgrades to Associated’s construction, commercial real estate and commercial and industria l credits.
“We believe loan loss provisionsand charge-offxs will remain elevated due to the continuerd deterioration in the real estate sector and the weak said chairman and CEO Paul Beideman. “We expect the pace of loan and asseyt deterioration to moderate infuture quarters.” Associates executives said that, after taking into consideration the increased loan-losas provision, the company’s capital levels will still exceedd well-capitalized standards as of June 30. Associatedr said its board has formed a risk and credigt committee to supplement risk management oversight performed by the companyy andthe company's audit committee.
The boarr has appointed to the new committeeJohn Seramur, Eileejn Kamerick and Richard The company will releasre second-quarter results on July 16. Associates stock closed at $13.37 on Monday.
Subscribe to:
Posts (Atom)