New York Daily News | Little Senegal celebrates big win for democracy New York Daily News An estimated 20000 Senegalese live in the city, with the largest concentration in Harlem's “Little Senegal†near 116th St. between St. Nicholas and Eighth Aves. There were more than 8600 Senegalese nationals across the US registered to vote in Sunday's ... < p size="-1" class="p"> |
Friday, March 30, 2012
Little Senegal celebrates big win for democracy - New York Daily News
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Wednesday, March 28, 2012
Alameda seeks move into old City sports bar site - Philadelphia Business Journal:
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According to the , a business called the Alameda Brewhousee Annex has filed for a liquor licensd at424 S.W. Fourth Ave. An Alameda employee confirmed that brewer y owner Matt Schumacher also owns the The site is the former home ofThe City, a sportxs bar that closed last The liquor commission canceled the bar’s license on Jan. 6 after several “serious and persistent problems.” The order came less than a week afteer a homicide that apparently took placed earlyNew Year’s Day. The City surrendered its liquorf license amonth later.
The Alameda Brewhouswe Annex license request is still saidChristie Scott, a commission The owners filed the liquor license requestf in February. The company DBO LLC purchased the buildinvg containing the proposed Annex in 1999 for It has a current market valueof $1.25 million. Alameda’s primary brewpug is at 4765 N.E. Fremont St.
According to the , a business called the Alameda Brewhousee Annex has filed for a liquor licensd at424 S.W. Fourth Ave. An Alameda employee confirmed that brewer y owner Matt Schumacher also owns the The site is the former home ofThe City, a sportxs bar that closed last The liquor commission canceled the bar’s license on Jan. 6 after several “serious and persistent problems.” The order came less than a week afteer a homicide that apparently took placed earlyNew Year’s Day. The City surrendered its liquorf license amonth later.
The Alameda Brewhouswe Annex license request is still saidChristie Scott, a commission The owners filed the liquor license requestf in February. The company DBO LLC purchased the buildinvg containing the proposed Annex in 1999 for It has a current market valueof $1.25 million. Alameda’s primary brewpug is at 4765 N.E. Fremont St.
Monday, March 26, 2012
Six Flags files Chapter 11 bankruptcy - Atlanta Business Chronicle:
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has initiated Chapter 11 bankruptcy proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directorsz on June 12 voted to beginj reorganization proceedingsin U.S. Bankruptcy Court for the Districgof Delaware. The company listed assetd of $3.03 billion and debts of $2.37 billion in its filing. New York-baseed Six Flags is planning to reorganizethe company’ financial structure, which management said is feeling the pressur e of an inherited $2.4 billion debt.
In a letter to employees, Six Flags CEO and president Mark Shapirio saidthe company’s debt is left over from previous management and despitw the company making $275 million last it has been difficult for Six Flags to improv e its balance sheet when paying out $175 million in interest on debt, Shapiro asserted. He addefd that more than $400 million in debt is due within the next 12 and the company is havin tospend $100 millionm in park improvements in an atmosphere wher refinancing is difficult. Shapiro assured employees no staff reductionse will arise out of the and employees will continue to be paid andreceivr benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lendera and the agent administering the company’sw $1.1 billion senior secured credit Six Flags parks, including Six Flage Great America, will continue to operats as usual under reorganization. Six Flagsx sold several properties last year toraisde capital. It still operates 20 amusement parks inNorty America.
has initiated Chapter 11 bankruptcy proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directorsz on June 12 voted to beginj reorganization proceedingsin U.S. Bankruptcy Court for the Districgof Delaware. The company listed assetd of $3.03 billion and debts of $2.37 billion in its filing. New York-baseed Six Flags is planning to reorganizethe company’ financial structure, which management said is feeling the pressur e of an inherited $2.4 billion debt.
In a letter to employees, Six Flags CEO and president Mark Shapirio saidthe company’s debt is left over from previous management and despitw the company making $275 million last it has been difficult for Six Flags to improv e its balance sheet when paying out $175 million in interest on debt, Shapiro asserted. He addefd that more than $400 million in debt is due within the next 12 and the company is havin tospend $100 millionm in park improvements in an atmosphere wher refinancing is difficult. Shapiro assured employees no staff reductionse will arise out of the and employees will continue to be paid andreceivr benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lendera and the agent administering the company’sw $1.1 billion senior secured credit Six Flags parks, including Six Flage Great America, will continue to operats as usual under reorganization. Six Flagsx sold several properties last year toraisde capital. It still operates 20 amusement parks inNorty America.
Saturday, March 24, 2012
Bonnier acquires 5 magazines - Orlando Business Journal:
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Financial details of the transaction werenot disclosed. The title acquisitions bring Bonnier’s magazine collection to nearly 50, which include title s such as PopularScience , Saveudr , Parenting and Field & Stream . The five-titl acquisition is Bonnier’s third sincwe September when it added Workinvg Mother and Scuba Divingin “We have always been committed to growing our portfoliko of brands to include other passionates special-interest audiences. These five titles from Hachette fit very well within our growthg strategy of adding brands that serve marketzs withmultimedia opportunities,” said Terry Snow, CEO of Bonnier in a prepared statement.
Bonnier is a Winter Park-based consumer-publishinfg group with 49 special-interest magazin e and related multi-media projects. Bonnier is the U.S. division of the Bonnier Group, a 200-year-old, family-ownef media group based in Sweden.
Financial details of the transaction werenot disclosed. The title acquisitions bring Bonnier’s magazine collection to nearly 50, which include title s such as PopularScience , Saveudr , Parenting and Field & Stream . The five-titl acquisition is Bonnier’s third sincwe September when it added Workinvg Mother and Scuba Divingin “We have always been committed to growing our portfoliko of brands to include other passionates special-interest audiences. These five titles from Hachette fit very well within our growthg strategy of adding brands that serve marketzs withmultimedia opportunities,” said Terry Snow, CEO of Bonnier in a prepared statement.
Bonnier is a Winter Park-based consumer-publishinfg group with 49 special-interest magazin e and related multi-media projects. Bonnier is the U.S. division of the Bonnier Group, a 200-year-old, family-ownef media group based in Sweden.
Thursday, March 22, 2012
Patrick Cudahy fire 'devastating,' exec says - Charlotte Business Journal:
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Cudahy Mayor Ryan McCue's declaration at a Mondayh afternoon press conference will potentially give the city access to countt andstate resources. Smoke from the blazer could be seen for severa l miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hours aftedr the fire first was reported on Sunday night. No injuries were reported. “It’s a devastating day for us,” said an obviouslyu shaken Bill Otis, chief operating officetr at Patrick Cudahy, which is owned by SFD), of Smithfield, Va.
“I’m sure this is going to set us Otis said at a midday press conferencs that the company was workiny to contactits 1,800 employees, as well as various Management of Patrick Cudahy also has been in contac with Smithfield to determine if some meat processinh operations could be temporarily shifted to othet Smithfield plants. The building affected by the fire is used for microwave bacojn processing and also is used fordry storage, Otis The lower level of the buildinbg is used for ham processing, he Not all areas of the Patric k Cudahy complex have been affectes by the fire, Otis Only a small number of maintenance employee s were at the plant when the fire brok out.
Production at the plant had been shut down since the end of the day on July 3 for theholidayu weekend. “It’s a miracle there were no injuried when you see the extent ofthe fire,” Otis Production at the Patrick Cudahy complex was shut down for all threw shifts on Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resource s at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahyt issued a mandatory evacuation orde for anyone residing within one mile of the planr at OneSweet Apple-Wood Lane.
The affectede area stretched east toLake Drive, west to Pennsylvaniaa Avenue, north to Lunham Avenu and south to Ramsey McCue said late Monday afternoon that as many as 15,0009 of the city's 19,000 residents live within the evacuation zone. Evacueews were asked to report directly to South Milwaukee High 80115th Ave., South Milwaukee. Earlier, city officials also had recommended that residentx report to MitchellElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leading to the evacuatio of the neighborhood aroundthe school. The evacuation order was lifted at about7 p.m. Mondayh evening and residents were allowed to return totheie homes.
At issue was whether the blaze will breachj a fire wall and cause ammonia storef on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer The ammonia is used for refrigeratio n at the plant. Mayer said at the Monday afternoo press conference that hewas "cautiously that most of the ammonia had been contained withinh the building, although he added that a smallp amount likely leaked out. Mayer said the blaze, whicyh was reported at about 9:45 p.m. Sunday, has been difficul to fight because it begabn in a confined space near the roof of the buildinh and above thesprinkler system.
At one point early on, Mayeer said, it appeared as though firefighterds had the blazeunder control, but the sprinkle system and roof began to "The fire sprinklers weren't able to control the he said.
Cudahy Mayor Ryan McCue's declaration at a Mondayh afternoon press conference will potentially give the city access to countt andstate resources. Smoke from the blazer could be seen for severa l miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hours aftedr the fire first was reported on Sunday night. No injuries were reported. “It’s a devastating day for us,” said an obviouslyu shaken Bill Otis, chief operating officetr at Patrick Cudahy, which is owned by SFD), of Smithfield, Va.
“I’m sure this is going to set us Otis said at a midday press conferencs that the company was workiny to contactits 1,800 employees, as well as various Management of Patrick Cudahy also has been in contac with Smithfield to determine if some meat processinh operations could be temporarily shifted to othet Smithfield plants. The building affected by the fire is used for microwave bacojn processing and also is used fordry storage, Otis The lower level of the buildinbg is used for ham processing, he Not all areas of the Patric k Cudahy complex have been affectes by the fire, Otis Only a small number of maintenance employee s were at the plant when the fire brok out.
Production at the plant had been shut down since the end of the day on July 3 for theholidayu weekend. “It’s a miracle there were no injuried when you see the extent ofthe fire,” Otis Production at the Patrick Cudahy complex was shut down for all threw shifts on Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resource s at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahyt issued a mandatory evacuation orde for anyone residing within one mile of the planr at OneSweet Apple-Wood Lane.
The affectede area stretched east toLake Drive, west to Pennsylvaniaa Avenue, north to Lunham Avenu and south to Ramsey McCue said late Monday afternoon that as many as 15,0009 of the city's 19,000 residents live within the evacuation zone. Evacueews were asked to report directly to South Milwaukee High 80115th Ave., South Milwaukee. Earlier, city officials also had recommended that residentx report to MitchellElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leading to the evacuatio of the neighborhood aroundthe school. The evacuation order was lifted at about7 p.m. Mondayh evening and residents were allowed to return totheie homes.
At issue was whether the blaze will breachj a fire wall and cause ammonia storef on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer The ammonia is used for refrigeratio n at the plant. Mayer said at the Monday afternoo press conference that hewas "cautiously that most of the ammonia had been contained withinh the building, although he added that a smallp amount likely leaked out. Mayer said the blaze, whicyh was reported at about 9:45 p.m. Sunday, has been difficul to fight because it begabn in a confined space near the roof of the buildinh and above thesprinkler system.
At one point early on, Mayeer said, it appeared as though firefighterds had the blazeunder control, but the sprinkle system and roof began to "The fire sprinklers weren't able to control the he said.
Monday, March 19, 2012
Port San Antonio tenant begins air cargo service to Mexico - Orlando Business Journal:
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, the port’s foreign trade zone operator, will host the service on LOGITEX USA will serve as thesales agent. Mexpresz is an air cargo transportation company that caterasto small- to medium-sized companies that need to ship less than a trailedr load of supplies. Mexpress, in will aggregate the cargo andship customers’ materialss out via air cargo shippers at the port thre e times a week.
“This servics will be very important to companies in need of air cargo transportt between our region and the strategic cargo centeresin Mexico,” says Jorge vice president of business development for Port San “At the same time it is an efficienf tool for small and medium sizedf companies that need to ship a pallet or two at a The companies involved in this partnershipl envision offering this service to othefr markets in Mexico and Central The companies could also serve as a feeder to and from Asia throughn international air cargo hubs. “We are openiny new trade horizons in dealing with Port San Mexpress President CarlosDuron says.
, the port’s foreign trade zone operator, will host the service on LOGITEX USA will serve as thesales agent. Mexpresz is an air cargo transportation company that caterasto small- to medium-sized companies that need to ship less than a trailedr load of supplies. Mexpress, in will aggregate the cargo andship customers’ materialss out via air cargo shippers at the port thre e times a week.
“This servics will be very important to companies in need of air cargo transportt between our region and the strategic cargo centeresin Mexico,” says Jorge vice president of business development for Port San “At the same time it is an efficienf tool for small and medium sizedf companies that need to ship a pallet or two at a The companies involved in this partnershipl envision offering this service to othefr markets in Mexico and Central The companies could also serve as a feeder to and from Asia throughn international air cargo hubs. “We are openiny new trade horizons in dealing with Port San Mexpress President CarlosDuron says.
Saturday, March 17, 2012
CharityWorks raises $2M for Fisher House - Washington Business Journal:
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Rockville-based Fisher House, whicjh houses families of patients getting medical care at majorf military and veteranmedical centers, will get $1 millionh of the donation on Wednesday. Each year, CharityWorks pickz one area nonprofit to raise money foreach year. The nine-year-oldf charity set a fundraisinb recordthis year. Funds will be used to build the fiftietb Fisher House on the grounds of thein D.C. Locally, therd are three Fisher Houses nearthe .
One is on the Forestr Glen Annex, about three and a half miles from the hospital and the other two sit on the main Funds received from public and privatee organizations and individuals are used to build the MajorDaniel Gade, an injured soldier whosse family stayed at the Fisher House, told CharityWorksz that the houses built through private donations meansd that “Americans care about us and our sacrifices.” Fundraisingb events throughout the year, like September’s lavish Dream Ball at the , raised proceeds for the In recent years, CharityWorks has raisedx money for Center City Consortium, Higher Achievementg Program, and Heads Up. Next year’s partnefr is .
Rockville-based Fisher House, whicjh houses families of patients getting medical care at majorf military and veteranmedical centers, will get $1 millionh of the donation on Wednesday. Each year, CharityWorks pickz one area nonprofit to raise money foreach year. The nine-year-oldf charity set a fundraisinb recordthis year. Funds will be used to build the fiftietb Fisher House on the grounds of thein D.C. Locally, therd are three Fisher Houses nearthe .
One is on the Forestr Glen Annex, about three and a half miles from the hospital and the other two sit on the main Funds received from public and privatee organizations and individuals are used to build the MajorDaniel Gade, an injured soldier whosse family stayed at the Fisher House, told CharityWorksz that the houses built through private donations meansd that “Americans care about us and our sacrifices.” Fundraisingb events throughout the year, like September’s lavish Dream Ball at the , raised proceeds for the In recent years, CharityWorks has raisedx money for Center City Consortium, Higher Achievementg Program, and Heads Up. Next year’s partnefr is .
Thursday, March 15, 2012
Nissan consolidates distribution centers in Mount Juliet - Dallas Business Journal:
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Plans to build a 717,000-square-foot industrial building for the companyh in the Couchville Pike Business Centetr were announced Tuesday bythe center’s owner and developer . Construction is slated to begin later this The move willcombined Nissan’s operations now housed in two buildings in Smyrna in the Alamville Road area, and no additionalk jobs are expected to be added, says Nissanm spokeswoman Julie Lawless. The tentative opening date isApril 2010, she says. The new Nissanj Parts Distribution Center will featurea 32-foog clear height and a truck parking/loadinh area to accommodate 275 truck trailers around the buildinyg perimeter.
The building is designed to accommodatde future expansions upto 1.2 million squared feet. Don Kent and Clinton both vice presidents within Nashville, brokeree the long-term lease. Terms were not disclosed. The Couchvilles Pike Business Center is located 25 miles eastof Nashville.
Plans to build a 717,000-square-foot industrial building for the companyh in the Couchville Pike Business Centetr were announced Tuesday bythe center’s owner and developer . Construction is slated to begin later this The move willcombined Nissan’s operations now housed in two buildings in Smyrna in the Alamville Road area, and no additionalk jobs are expected to be added, says Nissanm spokeswoman Julie Lawless. The tentative opening date isApril 2010, she says. The new Nissanj Parts Distribution Center will featurea 32-foog clear height and a truck parking/loadinh area to accommodate 275 truck trailers around the buildinyg perimeter.
The building is designed to accommodatde future expansions upto 1.2 million squared feet. Don Kent and Clinton both vice presidents within Nashville, brokeree the long-term lease. Terms were not disclosed. The Couchvilles Pike Business Center is located 25 miles eastof Nashville.
Tuesday, March 13, 2012
Lucy Hale Talks Ezria's Future On 'Pretty Little Liars' - MTV.com
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Zap2it.com | Lucy Hale Talks Ezria's Future On 'Pretty Little Liars' MTV.com And, as Lucy Hale told MTV News recently, she feels that no matter how many obstacles come in between Aria and Ezra, "I feel like it's never over for them." While things seem to be on the upswing for the constantly more public and always-controversial ... ' ;Pretty Little Liars' Mystery: Could Ezra Be 'A'? 'Pretty Little Liars' 'If These Dolls Could Talk' Recap: Is Melissa A? Pretty Little Liars Season 3 Spoilers: Marlene King Reveals More Details |
Sunday, March 11, 2012
Biotech
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million with fuel giant . The two companiesd plan to build the bigges cellulosic ethanol plant inthe country, in Verenium (Nasdaq: VRNM) is just one of the many biomass-relatedc ventures gaining traction in Massachusetts, which has a long historyy of investment and research in the biotechnologty sector. Roughly $200 million in venturer capital has poured into the local sector over the past twoyeards — a flood of money for a sectot that saw virtually no locapl investment prior to 2006, according to data provided by Dow Jonese VentureSource.
As of last the state had roughlty 30 companies focused onthe development, production and distribution of biomassw products and services, according to the . Cellulosic ethanopl is biomass madefrom non-foodr plants and waste — for instance, grass or sewags instead of corn. In Florida, you can grow 18 to 20 tons of grassesxper acre, per year — a tremendous advantage over the growing potential in But Carlos Riva, Verenium’s president, says the company’z headquarters will remain in “The reason to be here is the business climate, the qualitt of people, the sources of innovatio and the support of the government,” he Indeed, the Bay State’s biotechnology sector has prove a fertile breeding ground for startups seeking to convertg biomass into alternatives to fossil fuels.
Jim the editor of the national daily newsletter Biofuels agreeswith Riva’s assessment. “From both an investor and producedr pointof view, the top five bioenergy clusters are San San Diego, Seattle, the Corn Belt and Lane said the region’s strength in this fielrd can be attributed in large part to the strengt h of the technology coming out of the area’s universities. But he said anothe r important factor is that because the ventur capital community is used to funding biotechnology they are used to the risk and long time horizons that also come withthe sector’a energy-focused startups.
And “they get the science,” Lane All of which is a big advantage in getting technologies to He said the othedr advantage the region has is the commitmentof top-level stats lawmakers. But some say the recession has reduce some ofthe state’s, and the public’s, sensd of urgency over bringing alternative fuel to market. Michael Raab of , anothere cellulosic biomass maker in said the urgency in the public domaihn has waned a bit since the recessionset in. “Ourf commercial prospects looked a lot better when oilwas $100 a he said.
Raab also said that even with the best researchuand development, and strong support from there are still some technica difficulties in simply going from making a small amount of fuel to scalinhg it up to the mass production needed to reallyu change the way Americans use But the long-term picture for the state’s alternative energy industr looks strong. Biofuels executives and advocates are encouraged by thestimulus package, which includes an $800 milliob grant for biomass.
Anothert $400 million has been set aside for the creatiohn of a new agency to be callerdthe -Energy, an appropriation that coulfd also benefit the biomass
million with fuel giant . The two companiesd plan to build the bigges cellulosic ethanol plant inthe country, in Verenium (Nasdaq: VRNM) is just one of the many biomass-relatedc ventures gaining traction in Massachusetts, which has a long historyy of investment and research in the biotechnologty sector. Roughly $200 million in venturer capital has poured into the local sector over the past twoyeards — a flood of money for a sectot that saw virtually no locapl investment prior to 2006, according to data provided by Dow Jonese VentureSource.
As of last the state had roughlty 30 companies focused onthe development, production and distribution of biomassw products and services, according to the . Cellulosic ethanopl is biomass madefrom non-foodr plants and waste — for instance, grass or sewags instead of corn. In Florida, you can grow 18 to 20 tons of grassesxper acre, per year — a tremendous advantage over the growing potential in But Carlos Riva, Verenium’s president, says the company’z headquarters will remain in “The reason to be here is the business climate, the qualitt of people, the sources of innovatio and the support of the government,” he Indeed, the Bay State’s biotechnology sector has prove a fertile breeding ground for startups seeking to convertg biomass into alternatives to fossil fuels.
Jim the editor of the national daily newsletter Biofuels agreeswith Riva’s assessment. “From both an investor and producedr pointof view, the top five bioenergy clusters are San San Diego, Seattle, the Corn Belt and Lane said the region’s strength in this fielrd can be attributed in large part to the strengt h of the technology coming out of the area’s universities. But he said anothe r important factor is that because the ventur capital community is used to funding biotechnology they are used to the risk and long time horizons that also come withthe sector’a energy-focused startups.
And “they get the science,” Lane All of which is a big advantage in getting technologies to He said the othedr advantage the region has is the commitmentof top-level stats lawmakers. But some say the recession has reduce some ofthe state’s, and the public’s, sensd of urgency over bringing alternative fuel to market. Michael Raab of , anothere cellulosic biomass maker in said the urgency in the public domaihn has waned a bit since the recessionset in. “Ourf commercial prospects looked a lot better when oilwas $100 a he said.
Raab also said that even with the best researchuand development, and strong support from there are still some technica difficulties in simply going from making a small amount of fuel to scalinhg it up to the mass production needed to reallyu change the way Americans use But the long-term picture for the state’s alternative energy industr looks strong. Biofuels executives and advocates are encouraged by thestimulus package, which includes an $800 milliob grant for biomass.
Anothert $400 million has been set aside for the creatiohn of a new agency to be callerdthe -Energy, an appropriation that coulfd also benefit the biomass
Friday, March 9, 2012
More community banks ready for launch - San Francisco Business Times:
http://keroncongemas.com/worldnews/police-investigate-alleged-racist-abuse-of-newcastles-shola-ameobi/
The two proposed banks -- in in San Francisci -- are gearing up as they seek regulatory approvals and prepar toraise capital. These are good time to be a banker, so the two join a flourishin crop of startup banks in the in San Francisco is raising capital to open its doors laterthis year. Diablo Valley Bank brokw ground this month on its new administrativer and banking officein Danville. And San Mateo-based plansw to open additional offices on the Peninsulza to capture more deposits to meet robustloan demand. New Resourc e Bank, which plans to operate with anenvironmental slant, has some big nameds behind it including legendary investment banker Bill Hambrecht, founderr of + Co.
, and his son Bob Hambrecht. "Greeb businesses are among the fastest-growing sectorz of the economy and are exemplified by the clean energy and greenbuilding sectors. The Bay Area has the leadingb clusters ofgreen businesses,," said Peter Liu, a formef executive with and who will be the bank's chief busineszs development officer. Others involved in the bank include Clay former chief operating officer with GreaterBay Bancorp.'s , who will be president and CEO of the bank. Jones previously worked at Silicon Valleuy Bank andComerica Bank. Daniel Yohannes, who was previously with , will serve as chairman. Chris Olson, formerly with and Mt.
, will be chievf operating officer and chiefcredit officer. Members of the new bank's board will includs longtime San Francisco bankertFran Streets; Bob Epstein, co-founder; Rick co-founder and vice chairman of Palo Alto real estatse firm ; and Mike van den Akker, co-founder of wealtb management firm Baker Street New Resource Bank's organizers also include Lisa founder and former CEO of ; Bill former president of the ; and Hal Harvey, director of environmentakl programs at the .
The proposee New Resource Bank, to be headquartered in a ground-floodr location at Fremont and Howard plans toraise $20 million to $22 subject to getting the necessary regulatory approvals to open its In downtown Oakland, the proposedc Alta California Bank will be a wholly owned subsidiary of ., which has bankingb operations in Nevada, Arizona and Southerh California. Arnold Grisham, president and CEO of the proposed bank, is organizingv a pool of local investors to investtbetween $7 million and $9 million of new capital in Westernm Alliance. Alta California Bank is then expected to be capitalizedxwith $25 million.
Local investors are considered an essentialo ingredient in launching acommunity bank, becausew they're seen as an initial customed base and an extension of the new bank'ws marketing team. Alta California's additiona l capital, up from initial plans to raise $20 million, will allow the bank to open with three the headquarters at 1951Webster St. in Oaklanf as well as a location in Piedmong and a loan productiohn office inWalnut "We feel Alameda and Contra Costa countiez are underbanked," said Grisham, a 30-year veteran of the bankint industry. Grisham was president of Oakland-based , now part of .
He'ds also a former executive vice president in Oakland for Wells Sedrick Tydus, a former executiver vice president of in San Francisco, is joining Grisham'w team as chief operating officer. Grisham more recently headed Oakland-based , a financiall services executive search firm that he starte withhis daughter, Kristine Grisham She will continue to run that
The two proposed banks -- in in San Francisci -- are gearing up as they seek regulatory approvals and prepar toraise capital. These are good time to be a banker, so the two join a flourishin crop of startup banks in the in San Francisco is raising capital to open its doors laterthis year. Diablo Valley Bank brokw ground this month on its new administrativer and banking officein Danville. And San Mateo-based plansw to open additional offices on the Peninsulza to capture more deposits to meet robustloan demand. New Resourc e Bank, which plans to operate with anenvironmental slant, has some big nameds behind it including legendary investment banker Bill Hambrecht, founderr of + Co.
, and his son Bob Hambrecht. "Greeb businesses are among the fastest-growing sectorz of the economy and are exemplified by the clean energy and greenbuilding sectors. The Bay Area has the leadingb clusters ofgreen businesses,," said Peter Liu, a formef executive with and who will be the bank's chief busineszs development officer. Others involved in the bank include Clay former chief operating officer with GreaterBay Bancorp.'s , who will be president and CEO of the bank. Jones previously worked at Silicon Valleuy Bank andComerica Bank. Daniel Yohannes, who was previously with , will serve as chairman. Chris Olson, formerly with and Mt.
, will be chievf operating officer and chiefcredit officer. Members of the new bank's board will includs longtime San Francisco bankertFran Streets; Bob Epstein, co-founder; Rick co-founder and vice chairman of Palo Alto real estatse firm ; and Mike van den Akker, co-founder of wealtb management firm Baker Street New Resource Bank's organizers also include Lisa founder and former CEO of ; Bill former president of the ; and Hal Harvey, director of environmentakl programs at the .
The proposee New Resource Bank, to be headquartered in a ground-floodr location at Fremont and Howard plans toraise $20 million to $22 subject to getting the necessary regulatory approvals to open its In downtown Oakland, the proposedc Alta California Bank will be a wholly owned subsidiary of ., which has bankingb operations in Nevada, Arizona and Southerh California. Arnold Grisham, president and CEO of the proposed bank, is organizingv a pool of local investors to investtbetween $7 million and $9 million of new capital in Westernm Alliance. Alta California Bank is then expected to be capitalizedxwith $25 million.
Local investors are considered an essentialo ingredient in launching acommunity bank, becausew they're seen as an initial customed base and an extension of the new bank'ws marketing team. Alta California's additiona l capital, up from initial plans to raise $20 million, will allow the bank to open with three the headquarters at 1951Webster St. in Oaklanf as well as a location in Piedmong and a loan productiohn office inWalnut "We feel Alameda and Contra Costa countiez are underbanked," said Grisham, a 30-year veteran of the bankint industry. Grisham was president of Oakland-based , now part of .
He'ds also a former executive vice president in Oakland for Wells Sedrick Tydus, a former executiver vice president of in San Francisco, is joining Grisham'w team as chief operating officer. Grisham more recently headed Oakland-based , a financiall services executive search firm that he starte withhis daughter, Kristine Grisham She will continue to run that
Wednesday, March 7, 2012
National City Mortgage faces possible cuts - St. Louis Business Journal:
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Spokesman Pat McMahon said PNC (NYSE: PNC) is committed to National City Mortgage and the Dayton but as a result ofthe merger, it is lookin to eliminate 5,800 positions throughouf its geographic presence. PNC now has 2,5009 Dayton-area employees at both its banking andmortgag operations, but McMahon would not say how many local workersx would be cut. “We have a significant presence in Miami but we have said all along therre would be job impact as a part of themergeed companies,” McMahon said.
He said PNC is not breakinbg out staff reductions by geographixc location orbusiness unit, but it will providwe information on “expense reductions” in its quarterly PNC has a goal of reducin g expenses by $1.2 billion, part of whicyh will come through a reduction in McMahon said it is too early to say what the net outcomwe will be in Miami Township, but the company’s long-terjm strategy is to grow the company and add “We have a meaningful presence in the Daytom area. It’s an important marke t and we want to beaggressivwe there,” McMahon said.
As a part of the National City branch locations in the Dayton area are scheduled to begibeing re-branded as PNC branches in the firstg half of 2010.
Spokesman Pat McMahon said PNC (NYSE: PNC) is committed to National City Mortgage and the Dayton but as a result ofthe merger, it is lookin to eliminate 5,800 positions throughouf its geographic presence. PNC now has 2,5009 Dayton-area employees at both its banking andmortgag operations, but McMahon would not say how many local workersx would be cut. “We have a significant presence in Miami but we have said all along therre would be job impact as a part of themergeed companies,” McMahon said.
He said PNC is not breakinbg out staff reductions by geographixc location orbusiness unit, but it will providwe information on “expense reductions” in its quarterly PNC has a goal of reducin g expenses by $1.2 billion, part of whicyh will come through a reduction in McMahon said it is too early to say what the net outcomwe will be in Miami Township, but the company’s long-terjm strategy is to grow the company and add “We have a meaningful presence in the Daytom area. It’s an important marke t and we want to beaggressivwe there,” McMahon said.
As a part of the National City branch locations in the Dayton area are scheduled to begibeing re-branded as PNC branches in the firstg half of 2010.
Monday, March 5, 2012
Jeni
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The Columbus-based chain opened its fifth shop April 1 on Bridges Streetin Dublin, a 1,600-square-foot parlor that will sell Jeni Brittonn Bauer’s signature nine flavors, such as Salty Carme l and Thai Chili, as well as nine seasonal choicesx and other treats. “We had a ton of customers from Dublinn makingspecial trips,” said Charly Bauer, Jeni’as husband and the company’as co-owner. “We listen to the customers.
” Bauer said they expect $450,000 in annual sales at the Dublin The seven-year-old business has shopse in Grandview Heights, the North Market, Shorg North and Bexley, as well as a kitche n near Grandview Heights where its products are Bauer said there are no immediate plan s for a sixth shop in the region, although Clintonville, Worthington and New Albang are among possibilities for expansion. The companyt is considering options beyond Central Ohioas well, havinf fielded requests from Dayton, Toledo, Cincinnati, Clevelan and Chicago, Bauer said. The Dublin storer isn’t the only new addition to thegrowingg Jeni’s empire.
The company is usinv a new dairy supplier, Double Organic, which obtains its milk from grass-fexd cows. Bauer said it makes for better ice creak and is moreenvironmentally conscious. The partnership may expand, with Jeni’e considering stocking dairy products from theUtica farm, such as cottager cheese and milk, at its Clippers load bases with Columbus food, drinik companies There will be plentu of local flavor insidse the confines of Huntington The Columbus Clippers have a roster of recognizable food and drink purveyors who’ll be pushing their fare inside the new baseball stadiu this season, including , , , , and “Thiz is a community team,” General Manage r Ken Schnacke said.
“Everything about this park is about Columbus.” The relationships with Bob Evans, City Barbeque and Roosters are carried over from Cooper the Clippers’ old home field. City Barbequed and Roosters will expand their Clippers business from promotional nightseto kiosks. City Barbeque will sell beef pulled pork and pulledchickenh sandwiches, as well as ribs and side dishes. Sandwichee will be $5, with a special combination featurinvg two sandwiches and a sideat $10.
Schnacke said Elevator’s beer and Tim Hortons’ coffee will be new to the team’s Donatos spokesman Tom Santor said cheese and pepperonui pizzas will be sold on the concourse and in For the Gahannapizzeria chain, it maked a clean sweep of Centrakl Ohio sports facilities, with its pies offeredc at all major venues. Elevator’s brews will be sold from a cart and the brewer will be among five beer vendors atthe stadium. Mille and Budweiser will have bars and Labatrt will be sold froma cart. A fifth beer vendorr hasn’t been selected, Schnacke said. “This is huge exposurwe for us,” said Elevator owner Dick Stevens.
“As a we’re not on a lot of people’sd radar yet.” Elevator’s cart will includr four taps, but it will start the season with twobeerx – its Xtra lager and either its Dark Horsde lager, Bear Ass Pale Ale or Bleeding Buckeye Pale Ale. Stevenz is promoting the downtown restaurany by putting a coupon in stadium One relationshipthat didn’t make the transitiobn to Huntington Park was with Schnacke said the Clipperz won’t hold promotional Slyder nights this season as it did for eighft years at Cooper Stadium, because the company has cut its marketinh and sponsorships.
The Columbus-based chain opened its fifth shop April 1 on Bridges Streetin Dublin, a 1,600-square-foot parlor that will sell Jeni Brittonn Bauer’s signature nine flavors, such as Salty Carme l and Thai Chili, as well as nine seasonal choicesx and other treats. “We had a ton of customers from Dublinn makingspecial trips,” said Charly Bauer, Jeni’as husband and the company’as co-owner. “We listen to the customers.
” Bauer said they expect $450,000 in annual sales at the Dublin The seven-year-old business has shopse in Grandview Heights, the North Market, Shorg North and Bexley, as well as a kitche n near Grandview Heights where its products are Bauer said there are no immediate plan s for a sixth shop in the region, although Clintonville, Worthington and New Albang are among possibilities for expansion. The companyt is considering options beyond Central Ohioas well, havinf fielded requests from Dayton, Toledo, Cincinnati, Clevelan and Chicago, Bauer said. The Dublin storer isn’t the only new addition to thegrowingg Jeni’s empire.
The company is usinv a new dairy supplier, Double Organic, which obtains its milk from grass-fexd cows. Bauer said it makes for better ice creak and is moreenvironmentally conscious. The partnership may expand, with Jeni’e considering stocking dairy products from theUtica farm, such as cottager cheese and milk, at its Clippers load bases with Columbus food, drinik companies There will be plentu of local flavor insidse the confines of Huntington The Columbus Clippers have a roster of recognizable food and drink purveyors who’ll be pushing their fare inside the new baseball stadiu this season, including , , , , and “Thiz is a community team,” General Manage r Ken Schnacke said.
“Everything about this park is about Columbus.” The relationships with Bob Evans, City Barbeque and Roosters are carried over from Cooper the Clippers’ old home field. City Barbequed and Roosters will expand their Clippers business from promotional nightseto kiosks. City Barbeque will sell beef pulled pork and pulledchickenh sandwiches, as well as ribs and side dishes. Sandwichee will be $5, with a special combination featurinvg two sandwiches and a sideat $10.
Schnacke said Elevator’s beer and Tim Hortons’ coffee will be new to the team’s Donatos spokesman Tom Santor said cheese and pepperonui pizzas will be sold on the concourse and in For the Gahannapizzeria chain, it maked a clean sweep of Centrakl Ohio sports facilities, with its pies offeredc at all major venues. Elevator’s brews will be sold from a cart and the brewer will be among five beer vendors atthe stadium. Mille and Budweiser will have bars and Labatrt will be sold froma cart. A fifth beer vendorr hasn’t been selected, Schnacke said. “This is huge exposurwe for us,” said Elevator owner Dick Stevens.
“As a we’re not on a lot of people’sd radar yet.” Elevator’s cart will includr four taps, but it will start the season with twobeerx – its Xtra lager and either its Dark Horsde lager, Bear Ass Pale Ale or Bleeding Buckeye Pale Ale. Stevenz is promoting the downtown restaurany by putting a coupon in stadium One relationshipthat didn’t make the transitiobn to Huntington Park was with Schnacke said the Clipperz won’t hold promotional Slyder nights this season as it did for eighft years at Cooper Stadium, because the company has cut its marketinh and sponsorships.
Saturday, March 3, 2012
Metro Atlanta Chamber's China Blog: Day 1 - Atlanta Business Chronicle:
yfimuna.wordpress.com
China has the largest developing economyt in the worldand there's a lot of potential for us to brinyg Chinese investment and jobs to our state. Three Chinese companies have recently announcex projectsin Georgia: SANY is openinf a facility in Peachtree City, in Norcross, and in These three projects represent more than $80 million in capitalk investment and 570 new To help bring more Chinesde investment to Georgia, last Aprikl the opened a representative officre in Beijing.
Together with the Deltaw flight from Atlanta to Shanghai and all our continuec efforts to land a new consulats from Chinain Atlanta, Georgia Power, the Metrop Atlanta Chamber and our partners are workint to further strengthen ties with Chinaa and to spur even more potential for It's exciting for me to once agaimn be part of a mission to China with the Metro Atlantaw Chamber!
China has the largest developing economyt in the worldand there's a lot of potential for us to brinyg Chinese investment and jobs to our state. Three Chinese companies have recently announcex projectsin Georgia: SANY is openinf a facility in Peachtree City, in Norcross, and in These three projects represent more than $80 million in capitalk investment and 570 new To help bring more Chinesde investment to Georgia, last Aprikl the opened a representative officre in Beijing.
Together with the Deltaw flight from Atlanta to Shanghai and all our continuec efforts to land a new consulats from Chinain Atlanta, Georgia Power, the Metrop Atlanta Chamber and our partners are workint to further strengthen ties with Chinaa and to spur even more potential for It's exciting for me to once agaimn be part of a mission to China with the Metro Atlantaw Chamber!
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