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billion and assets of $82.3 The bankruptcy, filed in New lists unsecured claims bythe ($20.t6 billion) and the International Union of Electronic, Salaried, Machine and Furniture Workers/Communication Workerss ($2.7 billion). Other unsecured debt listed in the filingincludes $22.8 billion serviced by and $4.5 billion by . Boca Raton-baserd has a claim for $4.75 million, according to the filed with the U.S. Bankruptcy Cour of the Southern District of New Auto retailers that survive the bankruptcies of GMand Chrysler, which filer in April, hope it helps to pave the way to recover in the industry.
“Today’s actiojn will allow GM to move forward and be competitive in the spokesman Marc Cannon said Monday inan e-mailed statement. “Th e goal of making GM profitable ata 10-million, new-unigt selling rate will position them for when the industrg begins to recover later in 2010.” Fort Lauderdale-baseed AutoNation, the nation's largest auto has six GM franchises and seve Chrysler franchises on the automakers’ closure Although viewed as inevitable and necessary by Chairman John McEleney said in a news released that the filing marks “a historically sad day for American business.
” Chrysler is expectedd to emerge from its Chapter 11 proces s soon after shuttering 789 GM also announced plans to close 1,100 GM announced April 27 that it anticipates reducintg its U.S. dealer countt from 6,246 to 3,605 by the end of 2010. Dealershipo closings already have started. According to Associatesd Press, GM will rely on more governmenr assistance: $30 billion of additional financial assistancd from theand $9.5 billion from Canada, on top of abouft $20 billion it already received in low-interest GM’s lead bankruptcy law firm is Weil Gotshaw Manges, with attorney Stephen Karotkin signing the filing.
In a news release, the automaker said it woulf focus on the following priorities when emerginvgfrom bankruptcy: Focus on four core brands in the U.S. Chevrolet, Cadillac, Buick and GMC - with fewetr nameplates and a more competitive leveo of marketing supportper brand. Close a competitive gap in activs labor costs compared with foreignauto makers. Increas e the percentage of U.S. sales manufacturer domestically. Feature lower costs at a U.S. total industry volume of approximately 10million vehicles, whichh would be substantially belo w the 15 million to 17 million annua vehicle sales rates recorded between 1995 and 2007.
Achieve lowe r structural costs, in part, by further reducing 2009 salaried employmeng in North America toapproximately 27,200, from a year-endf total of 35,100, and continu e to improve its balance sheet by reducingv retiree benefits for salaried retirees and non-UAq hourly retirees. Increase its investment in fuel economgy and advancedpropulsion technologies. Click to read the
Wednesday, July 27, 2011
Sunday, July 24, 2011
Jackson-Shaw taps Concord Hospitality - Dallas Business Journal:
ysynut.wordpress.com
Dallas-based Jackson-Shaw says Concord also will provide pre-openinb services for the hotels. “We went throughj an extensive process to choose a hotel managemengt company that was aligned with our visio n forthe community, as well as with our values as a said Christopher Sheldon, vice president of hotel operation at Jackson-Shaw. “Concord has the expertise and experiencde to deliver the level of quality and excellencre we expect forthese properties, which are locatecd along a major corridor in an emerginvg suburb.
”
Dallas-based Jackson-Shaw says Concord also will provide pre-openinb services for the hotels. “We went throughj an extensive process to choose a hotel managemengt company that was aligned with our visio n forthe community, as well as with our values as a said Christopher Sheldon, vice president of hotel operation at Jackson-Shaw. “Concord has the expertise and experiencde to deliver the level of quality and excellencre we expect forthese properties, which are locatecd along a major corridor in an emerginvg suburb.
”
Friday, July 22, 2011
Woodland Corporate Center building gets LEED gold certification - Sacramento Business Journal:
bakakinkorypon.blogspot.com
The building, which opened early last year, was designed and builf to meet the secondd highest ranking ofthe Council’ Leadership in Energy and Environmental Design. was the general contractor. Liberty Property Trust Vice President Jody Johnstohn estimates the cost of buildingb to green standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsert by lower energy costs. Specia features include showers and lockers for workers who need to wash or changer clothes after they bike or jogto work.
A deck made of recyclef plastic borders the back ofthe building, overlooking a wetlandd area that provides Landscaping incorporates drought-resistant plants native to A white reflective roof deflects the sun. Bins for recyclingb are placed near trash binsfor accessibility. Restroomn urinals conserve water by relyinb on gravity and a filter insteadof water. That feature is expected to save 360,000 gallonsw annually since each urinal uses anestimated 40,00o gallons annually, Johnston said.
Grass surroundingb the parking lot soaks up And Flexi-pave, a recycled rubber, was used insteads of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland Blvd., received the “Officde Building of the Year” Award from the Tampas Bay Chapter of the and the “Green Buildiny Design Award” from the Hillsborouggh City-County Planning Commission in Tampa. Libertu (NYSE: LRY) has developedx and leased 19 buildings with nearly 1 milliom square feet of spac in the parksince 1996. Key park tenants includer , Travelers, Travel and .
The building, which opened early last year, was designed and builf to meet the secondd highest ranking ofthe Council’ Leadership in Energy and Environmental Design. was the general contractor. Liberty Property Trust Vice President Jody Johnstohn estimates the cost of buildingb to green standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsert by lower energy costs. Specia features include showers and lockers for workers who need to wash or changer clothes after they bike or jogto work.
A deck made of recyclef plastic borders the back ofthe building, overlooking a wetlandd area that provides Landscaping incorporates drought-resistant plants native to A white reflective roof deflects the sun. Bins for recyclingb are placed near trash binsfor accessibility. Restroomn urinals conserve water by relyinb on gravity and a filter insteadof water. That feature is expected to save 360,000 gallonsw annually since each urinal uses anestimated 40,00o gallons annually, Johnston said.
Grass surroundingb the parking lot soaks up And Flexi-pave, a recycled rubber, was used insteads of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland Blvd., received the “Officde Building of the Year” Award from the Tampas Bay Chapter of the and the “Green Buildiny Design Award” from the Hillsborouggh City-County Planning Commission in Tampa. Libertu (NYSE: LRY) has developedx and leased 19 buildings with nearly 1 milliom square feet of spac in the parksince 1996. Key park tenants includer , Travelers, Travel and .
Wednesday, July 20, 2011
Study: 'Minute clinics' slow to catch on in Mass. - Silicon Valley / San Jose Business Journal:
http://lepiheyi.comze.com/
But a new study by the consultancu firm Deloitte has found that people in Bostoh are statistically less willing to use this new alternativd healthcare option. The percentage of patients who were likelyg to use a retail clinic if it cost half as much as a doctore visit was 30percent nationwide, but only 21 percent in The percentage of patients that have actually used a retaik walk in clinic in the past year was 13 percenf nationwide and only 5 percent in Boston. Even a one week wait for a doctofr would not entice very many Bostonianz to go to a retail just 18 percent of Bostonians said that woulrd make them changetheire behavior, compared with 28 percent nationwide.
The newly-released study was conducted in Octoberof 2008, and includedx 5,665 subjects nationwide. Chip Phillips, the president of said the study does ot fully reflect the preferencee of patients inthe state. He said the company'sd clinic in Medway has administered morethan 9,600 flu shot s and handled nearly 28,000 acute care visits since openin in September. “Initial acceptance of the retail clinixc model in Massachusetts has been higher than the vast majority of ourmarker launches,” Phillips said.
But a new study by the consultancu firm Deloitte has found that people in Bostoh are statistically less willing to use this new alternativd healthcare option. The percentage of patients who were likelyg to use a retail clinic if it cost half as much as a doctore visit was 30percent nationwide, but only 21 percent in The percentage of patients that have actually used a retaik walk in clinic in the past year was 13 percenf nationwide and only 5 percent in Boston. Even a one week wait for a doctofr would not entice very many Bostonianz to go to a retail just 18 percent of Bostonians said that woulrd make them changetheire behavior, compared with 28 percent nationwide.
The newly-released study was conducted in Octoberof 2008, and includedx 5,665 subjects nationwide. Chip Phillips, the president of said the study does ot fully reflect the preferencee of patients inthe state. He said the company'sd clinic in Medway has administered morethan 9,600 flu shot s and handled nearly 28,000 acute care visits since openin in September. “Initial acceptance of the retail clinixc model in Massachusetts has been higher than the vast majority of ourmarker launches,” Phillips said.
Monday, July 18, 2011
Senate rejects corporate minimum tax hike - The Business Review (Albany):
yvejodo.wordpress.com
Democrats needed 18 votes — a supermajority required to raistaxes — to send the bill to Gov. Ted Kulongoski’zs desk. Beaverton Democrat Mark Hass voted againstthe measure. Democrats will likely try to convincde Hass to vote for the measure byamending it, possibl by writing a sunset into the bill. “Ir all depends on him,” said J.L. Wilson, a lobbyist for Associatedf Oregon Industries, the state’s most powerful business “Hass made it clear in his floor statements thathe didn’ty think it was a fair option to increasde taxes permanently.” Such a sunset could lead othere Democrats to vote against the bill.
However, because Housed Bill 3405 was technicallytabledd — which would allow the as written, to come up for anothet vote if leaders so choos e — majority leaders could also lobby moderate Republican members to suppory the corporate tax hikes as presented. At the close of Wednesday’sd session, Sen. Margaret Carter, a Portland Democraf and co-chair of the Ways and Meanw Committee, gave an impassioned benediction that seemer to imploreRepublican “nay” voters. The measure was tablecd as a procedural move.
Senators can call for a revotd on a measurethat fails, changee their own vote to a “no” and then requestr that the matter be tabled, ostensiblh so they can reconsided their vote. Sen. Richard Devlin, the majority leader, used the move in an effortf to have thematter reconsidered. Afte r the vote, the Senate tabled a relatede measure to raise personal incom e taxeson high-income individuals.
“I’m disappointed that we came up short I really believed that the package broughft forward by the chairs of the Revenus Committees would bring greater fairness and equity to our tax systek and help fill the unprecedentede gap in ourstate budget,” said Senatew President Peter Courtney in a news “We won’t, however, let this setbackj derail the session. We are going to move forward toward adjournment by June House Speaker Dave Hunt issuefd asimilar statement.
“We passed this revenur package because we believe itis fair, balanceds and protects critical servicesx like education, health care and public safety,” a Democrat from Clackamas, said in a news release. “W are making $2 billiobn deep cuts to the This revenue package ensures that we can protect thosd core servicesof education, health care and publif safety. Without it, the cuts we will have to make willshuttet schools, harm seniors and cut to the bone the services Oregonianss care about greatly.
” The Housee on Tuesday voted to increase the curren t corporate minimum tax from $10 to between $150 and depending on the size of a Under the plan, corporate income tax rates woulds have risen from 6.6 percent to 7.9 percent before revertingf to 7.6 percent in 2011. The measure would have raisecd $261 million over the 2009-11 biennium and $775 million between 2009 and 2015. All 125,000 Oregon corporations would have paid more Another measure sought to raise incomd taxes on individual filers earning morethan $125,000 and joint filers earning more than $250,000. The billas combined would haveraised $582 million over the next two yeares and $1.
2 billion over the next six Lawmakers contended the measures could help reduce the state’s $4.2 billionj budget shortfall. Throughout the day, lobbyistas tracked meetings between Courtney, Hass and Democratic senators Margaretr Schrader andJoanne Verger, who were believefd to be swing votes. Verger had expressed like Haas, that the tax increasezs wouldbecome permanent. Schrader and Verger eventuallyh voted yes on the corporate tax Hass couldn’t be reached for comment. “He had to have a lot of couragw to castthat vote,” said Jay Clemens, president and CEO of Associatedf Oregon Industries.
AOI recently organizex the Alliance of OregonBusinesas Associations, which represents more than 40,000 businessexs across the state. It had called for a $300 flat tax, regardleas of business size or income. Even before vote, business groups had expressed concerns that Democrats were seeking a permanent tax not atemporary one. Phil Keisling, the former Oregomn Secretary ofState who’s now an executive with Beaverton-basexd CorSource Technology Group, confirmed that many businesses were upset that Democratws sought to make the corporate incomes tax rate hike, from 6.6 percent to 7.9 permanent.
“We were told it woulds be temporary,” Keisling said of the early talkds regarding theproposed hikes. “And we askexd them this week, ‘What part of temporaryh don’t you understand?’”
Democrats needed 18 votes — a supermajority required to raistaxes — to send the bill to Gov. Ted Kulongoski’zs desk. Beaverton Democrat Mark Hass voted againstthe measure. Democrats will likely try to convincde Hass to vote for the measure byamending it, possibl by writing a sunset into the bill. “Ir all depends on him,” said J.L. Wilson, a lobbyist for Associatedf Oregon Industries, the state’s most powerful business “Hass made it clear in his floor statements thathe didn’ty think it was a fair option to increasde taxes permanently.” Such a sunset could lead othere Democrats to vote against the bill.
However, because Housed Bill 3405 was technicallytabledd — which would allow the as written, to come up for anothet vote if leaders so choos e — majority leaders could also lobby moderate Republican members to suppory the corporate tax hikes as presented. At the close of Wednesday’sd session, Sen. Margaret Carter, a Portland Democraf and co-chair of the Ways and Meanw Committee, gave an impassioned benediction that seemer to imploreRepublican “nay” voters. The measure was tablecd as a procedural move.
Senators can call for a revotd on a measurethat fails, changee their own vote to a “no” and then requestr that the matter be tabled, ostensiblh so they can reconsided their vote. Sen. Richard Devlin, the majority leader, used the move in an effortf to have thematter reconsidered. Afte r the vote, the Senate tabled a relatede measure to raise personal incom e taxeson high-income individuals.
“I’m disappointed that we came up short I really believed that the package broughft forward by the chairs of the Revenus Committees would bring greater fairness and equity to our tax systek and help fill the unprecedentede gap in ourstate budget,” said Senatew President Peter Courtney in a news “We won’t, however, let this setbackj derail the session. We are going to move forward toward adjournment by June House Speaker Dave Hunt issuefd asimilar statement.
“We passed this revenur package because we believe itis fair, balanceds and protects critical servicesx like education, health care and public safety,” a Democrat from Clackamas, said in a news release. “W are making $2 billiobn deep cuts to the This revenue package ensures that we can protect thosd core servicesof education, health care and publif safety. Without it, the cuts we will have to make willshuttet schools, harm seniors and cut to the bone the services Oregonianss care about greatly.
” The Housee on Tuesday voted to increase the curren t corporate minimum tax from $10 to between $150 and depending on the size of a Under the plan, corporate income tax rates woulds have risen from 6.6 percent to 7.9 percent before revertingf to 7.6 percent in 2011. The measure would have raisecd $261 million over the 2009-11 biennium and $775 million between 2009 and 2015. All 125,000 Oregon corporations would have paid more Another measure sought to raise incomd taxes on individual filers earning morethan $125,000 and joint filers earning more than $250,000. The billas combined would haveraised $582 million over the next two yeares and $1.
2 billion over the next six Lawmakers contended the measures could help reduce the state’s $4.2 billionj budget shortfall. Throughout the day, lobbyistas tracked meetings between Courtney, Hass and Democratic senators Margaretr Schrader andJoanne Verger, who were believefd to be swing votes. Verger had expressed like Haas, that the tax increasezs wouldbecome permanent. Schrader and Verger eventuallyh voted yes on the corporate tax Hass couldn’t be reached for comment. “He had to have a lot of couragw to castthat vote,” said Jay Clemens, president and CEO of Associatedf Oregon Industries.
AOI recently organizex the Alliance of OregonBusinesas Associations, which represents more than 40,000 businessexs across the state. It had called for a $300 flat tax, regardleas of business size or income. Even before vote, business groups had expressed concerns that Democrats were seeking a permanent tax not atemporary one. Phil Keisling, the former Oregomn Secretary ofState who’s now an executive with Beaverton-basexd CorSource Technology Group, confirmed that many businesses were upset that Democratws sought to make the corporate incomes tax rate hike, from 6.6 percent to 7.9 permanent.
“We were told it woulds be temporary,” Keisling said of the early talkds regarding theproposed hikes. “And we askexd them this week, ‘What part of temporaryh don’t you understand?’”
Friday, July 15, 2011
Capello moves to Avant - Dayton Business Journal:
ocybakenos.wordpress.com
Capello Salon is shifting its downtowbn Buffalo location from the to the Avant inearlg August. Capello has signed a lease to occupgy 1,500 square feet in the Delaware Avenue Capello will operate its salon from the second flooe ofthe lobby. The 150-roon Embassy Suites is scheduled to open inearlhy July. Besides the hotel, the Avant houses 28 upscale condominiums on its top three floors and five floors of Class A office moved into two floors of the officwe spacelast week. “It’s exciting to be part of this landmarmk project,” said Lisa Martineck, Capello Salon co-owner.
“Our locatioj is easily accessible from the The salon is expected to be a major amenity forthe Avant’as residential and commercial tenantes as well as the hote guests. Capello was founded in 1970 and has suburban locations in Amhersgtand Williamsville. Michael Montante, vice president, said Capello was a natural choicr to operatethe Avant’s spa. “Our relationshil as a Hilton hotel set high standards and expectationsw for any service provided on the Montante said.
Uniland invested $85 millio n turning the former Dulski federal office building intothe
Capello Salon is shifting its downtowbn Buffalo location from the to the Avant inearlg August. Capello has signed a lease to occupgy 1,500 square feet in the Delaware Avenue Capello will operate its salon from the second flooe ofthe lobby. The 150-roon Embassy Suites is scheduled to open inearlhy July. Besides the hotel, the Avant houses 28 upscale condominiums on its top three floors and five floors of Class A office moved into two floors of the officwe spacelast week. “It’s exciting to be part of this landmarmk project,” said Lisa Martineck, Capello Salon co-owner.
“Our locatioj is easily accessible from the The salon is expected to be a major amenity forthe Avant’as residential and commercial tenantes as well as the hote guests. Capello was founded in 1970 and has suburban locations in Amhersgtand Williamsville. Michael Montante, vice president, said Capello was a natural choicr to operatethe Avant’s spa. “Our relationshil as a Hilton hotel set high standards and expectationsw for any service provided on the Montante said.
Uniland invested $85 millio n turning the former Dulski federal office building intothe
Wednesday, July 13, 2011
Ritz-Carlton Denver names new GM - Portland Business Journal:
ejyceh.wordpress.com
Andrew Rogers comes to the 1881Curtis St. hote from the Ritz-Carlton Kapalua in Hawaii, where he oversaw the resort’s $170 million re-launch. Before then, Rogers served as resort manager forthe Ritz-Carlton Club in St. Thomas, U.S. Virgin Islands, and directoer of golf operations forthe Ritz-Carltoh in Rose Hall, Jamaica. Before beginnin g his employment for in Rogers workedin ’s golf division at three separatw resorts.
He holds a bachelore of science in marketing from Ferrids State University and has a wife andtwo “My family and I are excited to be in a city as wonderfuo as Denver and I look forwarrd to becoming part of the community,” Rogersw said in a news The Ritz-Carlton Denver property includes 202 guesg rooms spread over 14 floors, a spa and Elway’d Downtown restaurant.
Andrew Rogers comes to the 1881Curtis St. hote from the Ritz-Carlton Kapalua in Hawaii, where he oversaw the resort’s $170 million re-launch. Before then, Rogers served as resort manager forthe Ritz-Carlton Club in St. Thomas, U.S. Virgin Islands, and directoer of golf operations forthe Ritz-Carltoh in Rose Hall, Jamaica. Before beginnin g his employment for in Rogers workedin ’s golf division at three separatw resorts.
He holds a bachelore of science in marketing from Ferrids State University and has a wife andtwo “My family and I are excited to be in a city as wonderfuo as Denver and I look forwarrd to becoming part of the community,” Rogersw said in a news The Ritz-Carlton Denver property includes 202 guesg rooms spread over 14 floors, a spa and Elway’d Downtown restaurant.
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