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Tuesday, January 31, 2012
Sunday, January 29, 2012
State Fund files for 15% July 1 workers
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The new rates will applyh to new and renewed policies effective on or afterJuly 1, officials said. Stated Fund has seen its premiuk volume dipfrom $2.3 billion in 2007 to just undet $1.7 billion last year, and its market share tumble from about 26 percent to less than 23 said spokeswoman Jennifer Vargen. Some of the decliner could be healthy, since the organization and a numberf of outside observers believedd its market share grew too larges and too rapidly during theearly 2000s. In asking for an increases lower thanthe 23.
7 percent July 1 increasse recommended by the Workers’ Compensation Insurance Rating Bureau, along with severalk other comp insurers, State Fund may have reducedc pressure on Insurance Commissioner Steve Poizner to clamp down on rate increasesx when he makes his own recommendations next month. Woodland Hills ' , one of the bigger players in the California comp filed for a 4 percent July and two entities have filedfor 10.3 percent increases. Several Guard Insurancer Group companies, meanwhile, filed for jumps in the 2.
2 percenf to 5 percent Poizner is expected to make his recommendatiojn after an upcoming public hearing on the and some industry observers have told the San Francisco Business Times they expect him to reluctantly recommendfa double-digit increase, albeir one far smaller than the WCIRB’s which was lowered from 24.4 percentf to 23.7 percent last month. Last Poizner cut the WCIRB’s recommended 16 percent Jan. 1, increase to just 5 percent, and most companies came in with rate jumpds inthat vicinity. California comp insurersw aren’t required to follow the Commissioner’s but they generally stick reasonably closde tothe commissioner’s advisory rate.
Jan Frank, Stat e Fund’s president and CEO, blamed the 15 percen increase on rapidly increasing medical costs in the comp sector. Those costs have jumpe about 16 percent annually for the pastthree years, accordinfg to the most recent report by the WCIRB, an industry-supportec advisory group. State Fund premium rates have fallen significantly sincee 2003 andearly 2004, when reformsw instituted by Governors Gray Davis and Arnold Schwarzenegger took effect, officials Even after this increase, its rateas will be 46 percent below pre-reform levels. that may be little consolation to policyholderxs battling a brutaleconomic slowdown.
The new rates will applyh to new and renewed policies effective on or afterJuly 1, officials said. Stated Fund has seen its premiuk volume dipfrom $2.3 billion in 2007 to just undet $1.7 billion last year, and its market share tumble from about 26 percent to less than 23 said spokeswoman Jennifer Vargen. Some of the decliner could be healthy, since the organization and a numberf of outside observers believedd its market share grew too larges and too rapidly during theearly 2000s. In asking for an increases lower thanthe 23.
7 percent July 1 increasse recommended by the Workers’ Compensation Insurance Rating Bureau, along with severalk other comp insurers, State Fund may have reducedc pressure on Insurance Commissioner Steve Poizner to clamp down on rate increasesx when he makes his own recommendations next month. Woodland Hills ' , one of the bigger players in the California comp filed for a 4 percent July and two entities have filedfor 10.3 percent increases. Several Guard Insurancer Group companies, meanwhile, filed for jumps in the 2.
2 percenf to 5 percent Poizner is expected to make his recommendatiojn after an upcoming public hearing on the and some industry observers have told the San Francisco Business Times they expect him to reluctantly recommendfa double-digit increase, albeir one far smaller than the WCIRB’s which was lowered from 24.4 percentf to 23.7 percent last month. Last Poizner cut the WCIRB’s recommended 16 percent Jan. 1, increase to just 5 percent, and most companies came in with rate jumpds inthat vicinity. California comp insurersw aren’t required to follow the Commissioner’s but they generally stick reasonably closde tothe commissioner’s advisory rate.
Jan Frank, Stat e Fund’s president and CEO, blamed the 15 percen increase on rapidly increasing medical costs in the comp sector. Those costs have jumpe about 16 percent annually for the pastthree years, accordinfg to the most recent report by the WCIRB, an industry-supportec advisory group. State Fund premium rates have fallen significantly sincee 2003 andearly 2004, when reformsw instituted by Governors Gray Davis and Arnold Schwarzenegger took effect, officials Even after this increase, its rateas will be 46 percent below pre-reform levels. that may be little consolation to policyholderxs battling a brutaleconomic slowdown.
Friday, January 27, 2012
Moody
batyushkinuxit.blogspot.com
Moody’s cut the Charlotte-based company’s ratinhg to Caa2 from B3. The agency also lowered FairPoint’s rating to negativre from rating-under-review. FairPoint’s ratings on its secure and unsecured debt alsowere lowered. Moody’xs says the downgrade is basedon “Moody’s expectatiob of a high default probability and a though still above-average, estimated recoveryy rate across all debt instruments.” The agency says its decisiob follows the telecommunication company’s announcemen last week that it was launching a privatwe exchange offer for its outstanding 13.125 percent seniorf notes due in 2018.
FairPointr said the offer was designed primarily to reducethe company’se second- and third-quarter interest expenses. It also will help keep the company in compliance with its senior secured creditfacility agreement. FairPoint said it believes the exchange offer is criticaol to itscontinued viability. The compan is working with its financial adviserf to evaluate itscapital structure. Last year, FairPoinft bought ’s land-line operationas in Vermont, Maine and New Hampshirer for $2.3 billion. The deal made FairPoint (NYSE:FRP) the country’e eighth-largest telephone company.
But FairPoint took on substantialo debt to dothe deal, and the integration did not go Problems in converting billingh to FairPoint’s system from Verizon’s led to slow collections and frustratefd customers. Phone and e-mail service probleme cropped up across thenew network. And regulators in the regiohn expressed dissatisfaction with some of the During thefirst quarter, FairPoint drew $50 millionh under its $170 million credit facility. As of Marcnh 31, only $4.
7 million remained available to The company says liquidity remains a In addition, cash collections have remainesd below the levels it had before switching Verizoh customers to the FairPoint Should those factors persist, the company says it may be unablee or unwilling to make its Oct. 1 interesty payment on the notes, which coulf constitute a default. The exchangw offer expires July 22. Two weeks ago, Chief Financialk Officer and FairPoint board member David Hausedr announced he would retirefrom Charlotte-based Duke and become FairPoint’s chief executivr and chairman.
He will assume his new responsibilities uponGene Johnson’x retirement as FairPoint chairmajn and CEO on Wednesday. Johnson, a co-founder of FairPoint, previously announced his planxto retire. He has been the company’s chied executive since 2002. Hauser has been a member of FairPoint’d board since February 2005, serving as a chairman of the compensation committee and a membefr of theaudit committee. “While it is gratifying to be namer chairman and CEO of thislongstandintg organization, I am very aware of the operationaol and financial concerns surrounding the company,” Hausedr says.
“My primary focus will be to address these concerns in quick succession and empowere our team to seek and implement There is a lot of work to be and I am looking forward togetting
Moody’s cut the Charlotte-based company’s ratinhg to Caa2 from B3. The agency also lowered FairPoint’s rating to negativre from rating-under-review. FairPoint’s ratings on its secure and unsecured debt alsowere lowered. Moody’xs says the downgrade is basedon “Moody’s expectatiob of a high default probability and a though still above-average, estimated recoveryy rate across all debt instruments.” The agency says its decisiob follows the telecommunication company’s announcemen last week that it was launching a privatwe exchange offer for its outstanding 13.125 percent seniorf notes due in 2018.
FairPointr said the offer was designed primarily to reducethe company’se second- and third-quarter interest expenses. It also will help keep the company in compliance with its senior secured creditfacility agreement. FairPoint said it believes the exchange offer is criticaol to itscontinued viability. The compan is working with its financial adviserf to evaluate itscapital structure. Last year, FairPoinft bought ’s land-line operationas in Vermont, Maine and New Hampshirer for $2.3 billion. The deal made FairPoint (NYSE:FRP) the country’e eighth-largest telephone company.
But FairPoint took on substantialo debt to dothe deal, and the integration did not go Problems in converting billingh to FairPoint’s system from Verizon’s led to slow collections and frustratefd customers. Phone and e-mail service probleme cropped up across thenew network. And regulators in the regiohn expressed dissatisfaction with some of the During thefirst quarter, FairPoint drew $50 millionh under its $170 million credit facility. As of Marcnh 31, only $4.
7 million remained available to The company says liquidity remains a In addition, cash collections have remainesd below the levels it had before switching Verizoh customers to the FairPoint Should those factors persist, the company says it may be unablee or unwilling to make its Oct. 1 interesty payment on the notes, which coulf constitute a default. The exchangw offer expires July 22. Two weeks ago, Chief Financialk Officer and FairPoint board member David Hausedr announced he would retirefrom Charlotte-based Duke and become FairPoint’s chief executivr and chairman.
He will assume his new responsibilities uponGene Johnson’x retirement as FairPoint chairmajn and CEO on Wednesday. Johnson, a co-founder of FairPoint, previously announced his planxto retire. He has been the company’s chied executive since 2002. Hauser has been a member of FairPoint’d board since February 2005, serving as a chairman of the compensation committee and a membefr of theaudit committee. “While it is gratifying to be namer chairman and CEO of thislongstandintg organization, I am very aware of the operationaol and financial concerns surrounding the company,” Hausedr says.
“My primary focus will be to address these concerns in quick succession and empowere our team to seek and implement There is a lot of work to be and I am looking forward togetting
Tuesday, January 24, 2012
Quiksilver secures $150M term loan, posts 2Q profit - Business First of Louisville:
http://www.drkatte.com/lifestyle/is-jon-hamm-hotter-shirtless-or-in-a-suit/
The Huntington Beach company (NYSE: ZQK) also postede second-quarter earnings of $2.8 The five-year term loan with private-equit y firm Rhone was made toimprove Quiksilver's liquidity and solidify its bankint relationships. As part of the terms of the Quiksilver will name a pair of Rhonee appointees to its board of Quiksilver also refinanced its crediyt facility with anew three-year, $200 millioj facility led by and . The companyh is also in discussions with its French bankin partners to consolidate its European debts into anew multi-year facility.
In the company'sw earnings report, the compant swung to profitability in theseconsd quarter, posting the earnings of 2 centzs a share, which included severa l one-time items. Without the items, the earningx per share would have been 5 cents a share. Analyst estimates placed the earningx at 9 cents a Sales dropped17 percent, coming in at $494.2q million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on salex of $596.3 million. That quarter included losses of $244.9 million from discontinued operations. Quiksilver is an apparelp and accessories company. Its core brands are Roxy and DC.
A renewed focud on those core brands are the focux ofthe company's long-term plan to improvw profits.
The Huntington Beach company (NYSE: ZQK) also postede second-quarter earnings of $2.8 The five-year term loan with private-equit y firm Rhone was made toimprove Quiksilver's liquidity and solidify its bankint relationships. As part of the terms of the Quiksilver will name a pair of Rhonee appointees to its board of Quiksilver also refinanced its crediyt facility with anew three-year, $200 millioj facility led by and . The companyh is also in discussions with its French bankin partners to consolidate its European debts into anew multi-year facility.
In the company'sw earnings report, the compant swung to profitability in theseconsd quarter, posting the earnings of 2 centzs a share, which included severa l one-time items. Without the items, the earningx per share would have been 5 cents a share. Analyst estimates placed the earningx at 9 cents a Sales dropped17 percent, coming in at $494.2q million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on salex of $596.3 million. That quarter included losses of $244.9 million from discontinued operations. Quiksilver is an apparelp and accessories company. Its core brands are Roxy and DC.
A renewed focud on those core brands are the focux ofthe company's long-term plan to improvw profits.
Sunday, January 22, 2012
Saepio Technologies' Success Model Delivers Quick ROI and Fast Implementation for Companies Deploying Marketing Asset Management Technology
ulyanaimiiurebor.blogspot.com
June 2 /PRNewswire/ -- Saepio Technologies is helpingv corporations and organizations with a rapid implementation and fast returnm oninvestment (ROI) of Marketing Asset Management "In today's business environment, we have to show resultds quickly," said , vice presidengt of client services for Saepio Technologies. "We don't have a year to implementt a system and show apositive ROI. Our clients need to starg saving money and gaining efficiencies withinm onebusiness quarter.
" Saepio Professional Services has refineds its Success Model through more than 200 implementations of Saepiok Marketing Asset Management technology, which is designed to drivwe cost out of The software enables corporate marketers to maintain full brands control while giving their distributed marketing force (e.g., branch offices, franchises, agencies, and the ability to send the righgt message to the right person at the right The Saepio Success Model merges the rigod of sound IT projectf management with the creativ e collaboration that marketing professionals demand, allowing clients to begin achieving the benefitzs of a Marketing Asset Management system as quicklyu as possible.
The event-based Success Model allows clients to focuss on key build events and decisions in a compressedf format so they always know the status ofthe implementation. In most cases, Saepio can completed the implementation processin 30-456 days. For example, in Saepio launched a Fortune 50 client within 31 days ofproject kickoff. To complemen t the Success Model, a team of experienced graphic designere and artists teach clients and agencies how touse Saepio'e web-based tools during the implementation process. This ensures they are prepared to immediatelyh usethe system.
"No one can do a qualith implementation and providea brand-compliant and brand-extendinh Marketing Asset Management system more quickly and more thoroughl y than Saepio," said Siley. "The majorit of our clients are choosing to keep Saepio Professional Services engaged over the longterm - not becauswe they 'have to,' but because they see a substantial returm on their investment by partnering with the companyy that actually designed the software.
" More than 200 leading brands use Marketingg Asset Management systems powered by This includes every tenth company on the Interbranr Best Global Brands list; every seventh company in the Fortunre 100 ranking; and one out of everty six franchisors named to Franchise Times' Top 200. About Saepi Technologies, Inc. ( Saepio Technologies is the leadint providerof powerful, yet simple-to-use Marketing Assert Management technology for corporations with distributed marketin networks. These solutions combine digitaasset management, collateral customizationb and marketing process automation.
Saepio productsd are in use at hundreds of leading companies and including many ofthe world's most powerful brands. Saepio clientss include corporations who use Saepio products to empower locak marketers atregional offices, local dealerships and stores to tailof their messages to their specific audience. Advertisintg agencies and print service providers also deploy Saepiko solutions to add value to existing services and to creatw new revenue streams by helping clienta improve the way they supporft and manage the localmarketing process.
In addition to providing softwarwand tools, Saepio offers Asset Migration Campaign Support Services, Managed Marketing Storefront, and completw Business Process Outsource Programs providingy turn-key marketing automation solutions. SOURCE Saepi Technologies, Inc.
June 2 /PRNewswire/ -- Saepio Technologies is helpingv corporations and organizations with a rapid implementation and fast returnm oninvestment (ROI) of Marketing Asset Management "In today's business environment, we have to show resultds quickly," said , vice presidengt of client services for Saepio Technologies. "We don't have a year to implementt a system and show apositive ROI. Our clients need to starg saving money and gaining efficiencies withinm onebusiness quarter.
" Saepio Professional Services has refineds its Success Model through more than 200 implementations of Saepiok Marketing Asset Management technology, which is designed to drivwe cost out of The software enables corporate marketers to maintain full brands control while giving their distributed marketing force (e.g., branch offices, franchises, agencies, and the ability to send the righgt message to the right person at the right The Saepio Success Model merges the rigod of sound IT projectf management with the creativ e collaboration that marketing professionals demand, allowing clients to begin achieving the benefitzs of a Marketing Asset Management system as quicklyu as possible.
The event-based Success Model allows clients to focuss on key build events and decisions in a compressedf format so they always know the status ofthe implementation. In most cases, Saepio can completed the implementation processin 30-456 days. For example, in Saepio launched a Fortune 50 client within 31 days ofproject kickoff. To complemen t the Success Model, a team of experienced graphic designere and artists teach clients and agencies how touse Saepio'e web-based tools during the implementation process. This ensures they are prepared to immediatelyh usethe system.
"No one can do a qualith implementation and providea brand-compliant and brand-extendinh Marketing Asset Management system more quickly and more thoroughl y than Saepio," said Siley. "The majorit of our clients are choosing to keep Saepio Professional Services engaged over the longterm - not becauswe they 'have to,' but because they see a substantial returm on their investment by partnering with the companyy that actually designed the software.
" More than 200 leading brands use Marketingg Asset Management systems powered by This includes every tenth company on the Interbranr Best Global Brands list; every seventh company in the Fortunre 100 ranking; and one out of everty six franchisors named to Franchise Times' Top 200. About Saepi Technologies, Inc. ( Saepio Technologies is the leadint providerof powerful, yet simple-to-use Marketing Assert Management technology for corporations with distributed marketin networks. These solutions combine digitaasset management, collateral customizationb and marketing process automation.
Saepio productsd are in use at hundreds of leading companies and including many ofthe world's most powerful brands. Saepio clientss include corporations who use Saepio products to empower locak marketers atregional offices, local dealerships and stores to tailof their messages to their specific audience. Advertisintg agencies and print service providers also deploy Saepiko solutions to add value to existing services and to creatw new revenue streams by helping clienta improve the way they supporft and manage the localmarketing process.
In addition to providing softwarwand tools, Saepio offers Asset Migration Campaign Support Services, Managed Marketing Storefront, and completw Business Process Outsource Programs providingy turn-key marketing automation solutions. SOURCE Saepi Technologies, Inc.
Friday, January 20, 2012
Bizjournals debuts online business directory - New Mexico Business Weekly:
edibin.wordpress.com
The directory is based on proprietary researcjhfrom bizjournals. It can be sorted by 14 industry categorieds andby location, business name or Bizjournals is the online division of , the New Mexico Busines Weekly’s parent company. The directory can be accessed from all the home pagedof ACBJ’s publications. Users can rate businessed that are included inthe directory, submitt their own companies for inclusion or submit changes to existintg listings. “With the new Local Businessz Directory, we’re giving businesses a new way to connectyand succeed,” said Tim Bradbury, president of ACBJ New which oversees bizjournals.
“Itt ratchets up the value of our local businesajournal sites, which millions of people alreadyg regard as critical to their competitiveness.” Bizjournals operates the Web sitexs for each of American City Businesd Journals’ 40 print business newspaperw and operates a Web-only site with locakl business news and information for Los Bizjournals’ open-access archives contain 1.25 milliomn business news articles and features published since 1996. Bizjournals’ sitesa have more than 8 million uniquemonthlt visitors.
The directory is based on proprietary researcjhfrom bizjournals. It can be sorted by 14 industry categorieds andby location, business name or Bizjournals is the online division of , the New Mexico Busines Weekly’s parent company. The directory can be accessed from all the home pagedof ACBJ’s publications. Users can rate businessed that are included inthe directory, submitt their own companies for inclusion or submit changes to existintg listings. “With the new Local Businessz Directory, we’re giving businesses a new way to connectyand succeed,” said Tim Bradbury, president of ACBJ New which oversees bizjournals.
“Itt ratchets up the value of our local businesajournal sites, which millions of people alreadyg regard as critical to their competitiveness.” Bizjournals operates the Web sitexs for each of American City Businesd Journals’ 40 print business newspaperw and operates a Web-only site with locakl business news and information for Los Bizjournals’ open-access archives contain 1.25 milliomn business news articles and features published since 1996. Bizjournals’ sitesa have more than 8 million uniquemonthlt visitors.
Wednesday, January 18, 2012
Oscar's Foreign Entries: Steve Pond's Shortlist Predictions - Reuters
obofym.wordpress.com
Oscar's Foreign Entries: Steve Pond's Shortlist Predictions Reuters General committee members have viewed and scored all 63 of the entries, and PricewaterhouseCoopers has reviewed the ballots and come up with a list of the voters' six favorite films. On Tuesday evening, they will reveal that list to an executive ... |
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