Termini acquires AM&A's warehouse - Dayton Business Journal:

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According to public documents filed late Thursday in the ErieCountyy Clerk’s Office, Termini’s H@Loftes LLC paid $720,000 for the historic The building had been owned by New Horizons Acquisitions LLC, a Long Island-baser development firm. Termini is in the earlu stages of renovating theformer warehouse, partse of which date back to the late 1800s, into a mixed-user development anchored by 47 market-rate apartments and 15,00 0 square feet of office space. P&Bg Acquisitions will occupy the office while Termini said he is compiling a rapidlt growing list of prospective tenants forthe apartments. Termini will be investingt morethan $11 million in the project.
The which is being called the H@Lofts, is expected to welcom e its first residential tenantswnext spring. In the meantime, Termini is talking with local and statew officials about incentive packages needed beforde he can acquire theflagship AM&A's department stord building on Main Street from New Termini predicted the cost of renovating the buildingb between $80 million and $100 He said it would only be possible with a heavh influx of public sector dollarss and support. The developer said it may take him more than one perhaps as long as18 months, to secure all the necessary public-sector dollars he needs for the AM&A's department store project.
The former store, which has been closede since 1995 -- save for a brietf run as Taylor’s Department Store -- will likely be used as a mixed-usse development project, also anchored by residential units.

Blue Entertainment Sports Television to revive

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The original “The show aired on ABC in the mid-1970s as part of “Widd World of Sports.” The show was revived in 1987, 1993, 1998 and 2002, accordinhg to a news release. “One of the reasons why I love this show so much is becaused it was the originalrealithy show,” Michael Principe, managing directot of Louisville-based BEST, said in an He serves as co-executive producet of “The Superstars,” along with Juma president Robert Horowitz. “The show has the perfectg home with theABC networks, including and Disney. It givese us huge distribution opportunities.
” The which will premiere Tuesday, June 23, at 8 features eight celebrities paired with eight professional male and female competing inathletic challenges, including biking, running and kayaking. • Soccer player Brand i Chastain and singer JulioIglesiaas Jr. ESPN anchor John Saunders, formetr player Warren Sapp and “Inside the commentator Jenn Brown will serveas hosts. The competition is being held at the Atlantis Resort in the Blue EntertainmentSports Television, a division of , is a televisiob and live sporting events production The company also specializes in sportds marketing and agent representation for professional athletes and entertainers.

The best surf magazines in the world - SurferToday

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SurferToday

The best surf magazines in the world SurferToday Surf magazines are part of the history of surfing. Surf magazines explore the surfing lifestyle and have been building the concept of surf cultures for decades. The greatest surf spots, the most successful surfers, the hidden wave peaks and the most ...

AT&T mulling taking on Kindle, going after

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Perhaps. In a statement e-mailed to the DBJ, Dallas-basedf AT&T confirms that it is “interested” in that but doesn’t give details. “Naturally, we are very interestedx in the (e-reader) space, but we do not have a produc t agreementto announce,” according to the statement from spokeswomaj Sarah Andreani. “Our emerging device organization has been meetingy with a numberof (equipment manufacturers) abour a whole range of wirelessly embeddesd consumer products.” A would-be rival to Kindle, whose wireless service is providede by , would be one of a relativelyy small but growing numbert of consumer electronics that AT&Ty is starting to peddle.
On Apri 1, the company announced that it will sell netbookl computers intwo markets, Atlant a — where the devices will cost about $50 — and where they’ll run closer to $100. Netbookss typically run Linux or Windows XP operating systems and allo w users to wirelessly surf the Internet and link upwith Internet-based softward programs, which typically run on other computers. The Kindl e sells for $359 and allowsa books, magazines and newspapers to bedownloaded wirelessly. Conteng can be purchased from the Amazon.com Kindles store. “The wireless industryh is growing, expanding and changing.
It’z not just about phones,” says Jeff Kagan, a telecokm analyst in the Atlanta “There’s an opportunity there.” But Barbaras Lancaster, president of the Richardson telecomconsultancy , says therde are both opportunities and challenges for AT&T in doing a Kindle-like device. “You can get more content out to people. Demand is continuinyg to rise even as the economyis tight,” she But AT&T would need to examine what mechanics would need to be in placwe to get and distribute contentg that is interesting to its customers, she says. “It’ds not trivial.
Given that we have content creator s popping up every how do you stay on topof

Western Carolina hires Appalachian State assistant Mark Speir as its head ... - Washington Post

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Watauga Democrat

Western Carolina hires Appalachian State assistant Mark Speir as its head ... Washington Post CULLOWHEE, NC â€" Western Carolina has hired veteran Appalachian State assistant Mark Speir (SPEER) as its head footb »

Medtronic paid Army doctor $850k - Triangle Business Journal:

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Fridley-based Medtronic (NYSE: MDT) it paid Dr. Timothy Kuklo for givinbg speeches and training other doctors for the but did not at that time announce the amountxs ofthose payments. "We are making Dr. Timothyt Kuklo's compensation information public ona one-time basis in the interest of transparency in this uniqu case," Medtronic spokeswoman Marybeth Thorsgaard said. Medtronic released the informatio in response to a requestfrom Sen. Charles Grassley, a vocal critic of pharmaceuticaland medical-technologt firms making payments to doctors.
Kuklo workee as a staff physician at Walter Reed Army Medical Center between 2000 and and during a portion ofthat time, he was paid by Medtronid to provide training and After leaving Walter Reed, Kuklo signed a general consultingt agreement with Medtronic in August 2006. He was placeds on inactive status last The Army has accusecd Kuklo of falsifying research abouf aMedtronic bone-growth product called Infuse durinhg the time Kuklo worked at Walter Reed in Washington, D.C. Medtronic did not pay for or participates inthat study, Thorsgaard said.

Eddie Bauer files Chapter 11 - Triangle Business Journal:

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The retailer said it has strucka $202 milliob asset purchase agreement with an affiliate of of New That deal is subject to an auction and bankruptct court approval. In its bankruptcy cour t filing, the Seattle-based compangy listed assets of $476 million and debtsx of $427 million. Eddie Bauer (NASDAQ:EBHI) runs a dozej stores in Ohio, including three in Central It also operatesa 2.2 million-square-foot distributionb center in Groveport. The company this year cut 70 jobs at theshippinv center, which employed about 500 workers beforre the staff reduction. CCMP said it intends to keep most ofthe company’s 370 stores and other operationx open.
Eddie Bauer has struggled with itsdebt – a crisi that worsened when revenued dropped as the recession took its toll on consumers. The companyh lost nearly $500 million in the past threer years. Those losses, coupled with the effecty of the recession and debt paymentse pushed the company into bankruptcycourt – a move that had been rumores for months. The company lost $165.45 million on $1.02 billiom in revenue last year. Eddie Bauer is no strange r to bankruptcy. Six years ago, Spiegel which had owned the company since filed forbankruptcy protection. And as part of the restructuring, the compangy famous for its women’s wear catalo g gave creditors its stake inEddi Bauer.
The company in 2005 emergedf as a standalone businesw for the first time in more than 30 yearx and carrieda $300 million senior secured term loan and the task of rebuildint a brand. Company executivew have said the debt terms from the Spiegeo bankruptcy case have continued to hamped efforts to turn aroundEddie Bauer.

Talecris deal could be delayed, UBS says - Triangle Business Journal:

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Talecris, based in Research Triangle Park, agreed in 2008 to be purchaseddby Australia’s for $3.1 billion in stock and Both companies make therapiesw from human plasma found in the blood. The deal is a big one for which currently is owned by investment firms Cerberus Capitao Management andAmpersand Ventures, and the company’ds more than 2,000 Triangle workers. Most analystzs agree that Talecris would be made stronger after comingunder CSL’s umbrella. But the which would combine the world’s No. 2 and No. 3 produceras of plasma drugs, . In October, the U.S. Federall Trade Commission asked CSL for more information aboutthe merger. In a Jan.
19 CSL says it expects to responc tothe FTC’s request in a matterf of days. The FTC is “administrativelgy bound” to respond to CSL in 30 but the anti-trust review could take much analyst AndrewGoodsall writes. If the Talecris-CSL deal isn’ty done by August, CSL would owe Talecris’ current owners $75 The deal’s failure also would muddh the futurefor Talecris, which already had triex to go public before it agreed to the CSL deal. A CSL spokespersonh wasn’t immediately available for comment.

SoftBrands sold for $80M; Golden Gate Capital is buyer - Kansas City Business Journal:

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The buyer, a holding compant created by private-equity firm and its portfolio company , will pay 92 centes per share for SoftBrands. Shared of SoftBrands closed at 47 centsd per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billiohn in assets under management. based in Alpharetta, Ga., is a softwarwe company with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitalityu industry, as well as to small and mid-sizec manufacturers under the brand.
Its producta handle tasks such as making reservations to setting room SoftBrands CEO Randy Tofteland said in a press statemen t that the deal will alloa shareholdersto “realize significant value from theid investment.” He also said the companyt would benefit from an “alliance” with A spokeswoman for Infor said SoftBrands will continud to have a presence in though it has yet to be determined how many employeews will remain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90 days.

'Nashville's Nutcracker' receives fresh dusting of magic - The Tennessean

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Friday, December 9, 2011

On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Puget Sound Business Journal (Seattle):

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But economic developers and investors must continuee to wait to see if the governort will come to their aidbefore Friday’as deadline to sign or veto legislation. Ritter beganj the day at the Alliance for Sustainable Colorado Center indowntowb Denver, signing three bills that he said will continuew to build the state’s “New Energy House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory Gardner, R-Yuma, lets truckinb companies get 25 percent reimbursement of the cost of buyinyg and installing fuel-efficient technologiesa and emission-control devices.
More importantly, McFadye n said, it prorates sales tax on trucking equipmeny based on the percentage of miles companiea drive in Colorado and it allows truckers finally to take advantagrof enterprise-zone tax breaks. “This bill is so incrediblg important tothe industry, not only for the environmentt but for the survival of truckers that are in she said while tearing up at the House Bill 1331, sponsored by Rep. Sara Gagliardi, expands the pool of vehicles eligiblefor alternative-fuel tax credits to include those that run on cleaner-burningf natural gas. It also eliminatesa eligibility for some hybrid vehicles that arenot fuel-efficient, said sponsoringy Sen. Betty Boyd, D-Lakewood.
Ritter notedf that the Colorado Oil and Gas Associatioj and the nonprofit group Environment Colorado both supporterthe measure. “If COGA and Environment Colorado it has to be agreat bill,” he said. And Senat Bill 75, championed by the company Aspen Electric Cars and allows drivers tooperate low-speed electriv vehicles on most roads with speed limits of 35 mph or lower. From there, Rittedr went to the officed in Denver and signed a measureeto re-establish the Colorado Office of Television and Media. Houser Bill 1010, sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the officed to solicit gifts and donations to offer incentiveas to producers to make films inthe state. “o believe this move signalsw that Colorado is becoming serious aboutr attracting production to the statonce again,” said Kevin executive director of the Colorado Film “By becoming part of the state once the film office will once again have resources to market Coloradpo effectively and help expandc our economic development efforts in a new and differenf direction.” Finally, Ritter returned to his Capitol office to sign nine separatew bills, including measures to help the restaurant and broadbane industries.
Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offeringh freeor reduced-price meals to employees. Senate Bill 162, sponsorede by Sen. Gail Schwartz, D-Snowmass Village, requires the Office of Informationh Technology to create a map of where broadband technology is available and not availabl inthe state. Ritter has not announcerd his intentions on at least two billz being watched closely by thebusines community, however. One is Senate Bill 173, which would allow local governments to work with the statre Economic Development Commission to offer incentiveas to attract andbuild tourism-generatinhg projects.
The bill is considered key to landing eitherr of twopotential auto-racetrack projects east of The other is House Bill which limits the Colorado-sourcee capital gains subtraction to the first $100,000 of gainsa on assets held for five years or more. If signed, the bill wouldd generate $15.8 million to help balancd the budget.

Wednesday, December 7, 2011

Kroger takes on double duty - The Business Review (Albany):

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stores will open within weeks of each other late this The 125,000-square-foot Kroger Marketplace stores, whicg will both feature the same layout, will be locatedf in Brazos Town Center in Rosenberg and at Watersidde Marketplace in Richmond. The Richmondf Kroger is slated to open in early while the Rosenberg store will openin “We view these as two separate growty areas,” says Gary Huddleston, consumer affairs director of Kroger Southwest. “We believe that these stores will serve two differengt marketsand we’ll do well in both of theser areas.” Huddleston says the Brazos Town Center located at U.S.
Highway 59 and FM 762 in will primarily servethe Richmond/Rosenberb market, while the Waterside Marketplace location, at Gran Parkway and Mason Road in Richmond, will serve the Katy Both Kroger Marketplace stores will featurw a Fred Meyer Jewelers’ store as well as a largw home furnishing section with Ashley Furniture. The storesd will also offer grocery anddeli products, a large floral section, gourmet and chef-prepareed foods, a wine shop with a wine steward, a drive-thr u pharmacy and a Kitchenplace area with upscale kitchenware and placew settings. Huddleston says the format will be even larger than Kroger’s upscale Signature Store concept.
The placement of the supert stores so close together in outlying suburbsis unusual, especiallyg since the Richmond/Rosenberg area isn’t particularly known as a hotspof for retailers. In fact, the Starbucks Corp. location in Rosenberhg at 24406 U.S. Highway 59, was one of the first to closde early last year when the coffer chain began shutteringunprofitable units. Barkley Peschel, vice presiden of development and operations for the Greater Fort Bend EconomicDevelopment Council, says even thoug Richmond and Rosenberg are considered “siste r cities,” the two Kroger Marketplace locations will serve “vastlyg different” customers.
He believes the Rosenberfg store will fill a void left in the localp grocery market whenKmart Corp. pulled out of Texaas and closed its store at State Highway 36and U.S. 59 in 2003. “Peoplre in Rosenberg really don’t have a major grocer in a convenient placeto shop, so I think they’ll do he says. Despite the close proximity of the twogianty stores, Peschel says, Kroged was very picky in its site selectionj process and only chose areas that coulfd support a store now and also show strong potential for growtnh in the future. “I thin k they’ve found that,” he “There is a need for this type of shopping experiencer inthe area.
” LOCATION, LOCATION Steve Fritzer, vice president of investmentd for Jacksonville, Fla.-based Regency which owns Waterside Marketplace, says the center is 65 percent leased, with Kroger Marketplace servingf as the anchor. He points out that the 147,857-square-foo t center is located in the sixth-fastest growingy residential ZIP code in the Withina three-mile there is a population of 33,21q2 people with an annual average household income of The center is also located at an intersection that will be one of the two controller access points on Grand Parkway connectingb drivers from U.S. Highway 90 to the Westpark Tollroad.
The other Kroger Marketplace location inthe 546-acre Brazosx Town Center in Rosenberg will be in a similarr situation. According to research by Houston-basec NewQuest Properties, which owns Brazos Town Center, the median household income in the trade area is in excessof $50,000p annually. Peschel says that despite the struggling national andregionak economies, Fort Bend Count is continuing to grow, having added approximately 30,000o new residents last year. He says the county is expectedx to reach more than 1 millionj residents in the next15 years.

Monday, December 5, 2011

Second recession deemed possible - Kansas City Business Journal:

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Those odds may seem low, but they’re actuallyu high since double-dip recessionse are rare and the U.S. economy grows 95 percenrt of the time, says the chamber’s Marty Regalia. He predicts the current economic downturn will endaround However, the unemployment rate will remain high througn the first half of next year and investmentt won’t snap back as quickly as it usualluy does after a recession, Regalia Inflation, however, looms as a potentialk problem because of the federal government’z huge budget deficits and the massivee amount of dollars pumped into the econom y by the Federal Reserve, he says.
“The economhy has got to be running on its own by the middlde ofnext year,” Regalia Almost every major inflationary period in U.S. history was precededc by heavydebt levels, he notes. The chancexs of a double-dip recessionh will be lower if Ben Bernanke is reappointed chairmah of theFederal Reserve, Regali says. If President Barack Obama appoints his economifc adviser Larry Summers to chairthe Fed, that would signal the monetary spigot would remain open for a longefr time, he predicts. A coalescing of the Fed and the Obamz administrationis “not something the markets want to Regalia says.
Obama has declined to say whethet he willreappoint Bernanke, whose term ends in

Saturday, December 3, 2011

Police insist Asbos can protect public - The Oxford Times

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'Nashville's Nutcracker' receives fresh dusting of magic The Tennessean Toys come to life in Nashville Ballet's Nashville's Nutcracker , a creative telling of the traditional tale which begins at the city's 1897 Centennial Exposition. / Heather Thorne When: Friday through Dec. 18. Performances at 7 pm Fridays and 2 and 7 ... and more »

Police insist Asbos can protect public The Oxford Times Police have defended the use of Asbos after three yobs were handed the controversial orders in less than a week. Last year Home Secretary Theresa May said it was “time to move beyond the Asbo”, but the orders remain open for courts to ... and more »