Wednesday, February 15, 2012
MMAC: Milwaukee-area economy still sluggish - Triangle Business Journal:
Only three of 20 April indicators registered improvementfrom year-agpo levels, matching the number of upward-pointing indicators recorde in March, the MMAC said in its Economic Trends report. "Th e employment situation continued to deteriorate with deepening job declinea and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "But metro area existin homes sales rose for only the secondc time in nearly three yeard giving some hopefor near-term improvement in a stagnant localp housing and real estate market." Nonfarm employment in the metro area fell 4.8 percent in April to down from March’s 4.
3 percengt decrease. Employment levels have now declineds comparedwith year-ago levels in each of the past 12 with April’s decline beinbg the steepest registered in this the MMAC said. Only two of 10 majot industry sectors registered April job gains compared with oneyear ago, whiles eight registered declines. Unemployment indicators for the metro area both measureed more than twicetheir year-earlier levels. The number of unemploye d in metro Milwaukeerose 117.6% againsr year-ago levels, to 70,300 compared with 32,300p in April 2008. Likewise, new unemploymeng compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutivew year-over-year increase of 100 percent or greater. On the positive existing homes sales for the metrk arearose 5.6 percent in April, the first year-over-yea increase in this indicatort in seven months and only the seconx such gain in nearly three
Sunday, February 12, 2012
* Sri Lanka, India sign MoU on cooperation in footwear industry - Colombo Page
Colombo Page | * Sri Lanka, India sign MoU on cooperation in footwear industry Colombo Page Feb 12, Colombo: Sri Lanka and India have signed a Memorandum of Understanding (Mou) for cooperation in footwear industry during the 4th International Footwear and Leather Fair 2012 at the BMICH in Colombo from February 10 to 12, 2012. |
Friday, February 10, 2012
Local firm gets $50M nod from Wachovia - Triangle Business Journal:
Morrisville-based Tekelec (Nasdaq: TKLC), which supplies equipment and services to thetelecom industry, landedd the financing earlier this monthb and announced it in an Oct. 8 filing with the Securities andExchange “We thought it was a strong endorsemen of our company,” says Tekelec CFO Bill who points out that the company was able to land a crediy agreement while offering as collateraol only some shares of threer of its foreign subsidiaries. That'ds a luxury not afforded to every company given the continua tightening of the credit Tekelec didn’t have any immediater need for money, Everett says.
The company had more than $190 millioh in cash and short-term assets on its balance sheert as ofJune 30. But in the company paid off a $125 milliob convertible debenture – a type of bond – on which it was payinyg interest. So to shore up its access to Tekelec got its credit which it can draw down as neede d over the nextthree years. “The currentf events just underscore the need for liquidity just in general for Everett says.
“Our current position is also very strongg in termsof liquidity, but my view is the recent events just make it more apparent than ever that a well-finances company has to have a certain amount of liquidity and Wachovia (NYSE: WB) was able to extendd the line of credit despite its uncertain (NYSE: C) and (NYSE: WFC), which both reachedr deals last week to buy all or part of Charlotte-based Wachovia, , which is No. 1 in Triangls market share.
Federal regulators pressured Wachovia to sell because the bank is so burdened with billions in bad loans that it was at risk of And what happensto Tekelec's line of credig when Wachovia finally is The company says that it's not "We'll wait and see what happens, but it made sensr for us to move forward," said Tekelec's Everett. Tekelex also has secured a separate, $10 million letterf of credit facilityfrom Wachovia. Lettere of credit are bank guarantees that a lender will make good on a A strong cash position and a surges in orders havehelped Tekelec’s stock stay health in the midst of the markegt downturn.
Shares in Tekelec are up 7 percent on the compared to a 34 percent drop inthe S&P 500. They were down 8 to $12.75, in afternoon trading Thursday.
Wednesday, February 8, 2012
Union Chapel pastor Gregg Parris wins Person of the Year - Muncie Star Press
Union Chapel pastor Gregg Parris wins Person of the Year Muncie Star Press Gregg Parris speaks after winning the Person of the Year award for 2011. / Patti Blake / The Star Press MUNCIE -- Fifteen years ago, the Rev. Gregg Parris and his wife, Beth, had to read the newspaper to discover their oldest son, Aaron, ... |
Monday, February 6, 2012
Ryan takes center stage on health care - The Business Journal of Milwaukee:
In 2002, the Republican congressman from Janesville and Milwaukee MayodrTom Barrett, then a Democratic congressman from asked the U.S. Genera l Accountability Office to prepare a report on why healthn care costs in Milwaukee were 27 percent higher than inother cities. Last year, Ryan and his felloq Wisconsin legislatorsin Washington, D.C., encouraged the federaol government to support Gov. Jim Doyle’s plan to expandx BadgerCare, the state’s health insurance program for low-income motherd and children, to cover childless adults.
Now, a decade aftedr he was first electedto Congress, it appeares the country is finall headed for broad health care reform under a Democratic and Ryan, 39, appears to be at the forefron t of the debate on behalf of “When I first got elected, (the cost of health was not something I talkesd about or worked on,” Ryan said in a recent “But as I traveled, I kept heariny this was a really big problem that needed to be and I’ve been working on it ever since. It’s one of those things that you would have to be sleepwalkinhg not to recognize as an immenselg important issue for theAmerican people.
” Over the past four Ryan has authored or co-sponsored 23 bills on heatyh care, according to Ryan’s pressd secretary, Conor Sweeney. Even Ryan’s political opponents predictt he will be the face of the Republican oppositiom tothe Democrat’s health care reform not because he’s merely a willing but because he is a thoughtful politician. “II think Paul recognizes that the long-term impact of the health care system is a serious issue forthis country,” Barrett said this “I don’t always agree with him, but he certainlt does his homework.
” Ryan’s latesyt health care effort is the Patients’ Choice Act, whicuh he introduced May 20 with U.S. Sens. Tom Coburn and Richard Burr (R-N.C.) and U.S. Rep. Devin Nunes The plan is being described asthe “Republican alternative” to Presidenty Barack Obama’s plan for universal healtb care. The proposal was introducexd even though Obama and congressional Democrats have not yet unveiled a healthu carereform proposal.
David president of the , a federatiohn of more than 1,000 local unions, said Ryan’as decision to put “health care” on the top of his priority list was politicallh savvy and likely willmean Ryan’s exposurwe will grow over the next several “I don’t see many Republicans who are taking this issue as seriousluy as (Ryan) as far as putting time into developiny an alternate proposal,” said Newby, a critix of many GOP health proposals.
“Most of the peoplre in his party will talk aboug quality and stressmore competition, but he goes into a lot more A ranking member of the House Budget Committee, Ryan said the Patients’ Choice Act would redistributee federal money already being spent on “inadequate” health care coverage by usingh tax credits to encourage more people to buy privatwe health insurance, which is what proponents believe is the best way to get universalp coverage.
The Patients’ Choice Act would replace the current exemptionj from taxesof employer-provided insurance with a refundabl tax credit of $2,300 for an individual and $5,700p for a family that people would get regardlesa of whether they get their healtyh coverage from their employer. Requiring the Centers for Disease Control and Preventiobn to undertake a national campaignhighlighting science-based health promotion strategies. • Investing $50 milliomn annually for increased vaccine availability and awardin bonus grants to states that achieve 90 percent orgreater coverage.
• Creating state healtbh insurance exchanges so consumers can compare different healthinsurancde policies.
Saturday, February 4, 2012
CEOs help imagine thriving future - Business Courier of Cincinnati:
Looking back from this fantastic what was it that led us to suchgreayt heights? The Business Courier posed this question to 18 CEOs at two recent two-hourr discussions. The results will be discussed in an upcoming edition of the and we think some willsurprise you. What wasn'r surprising is the passion theswe 18 have fortheir community. They are CEOs from amonb the organizations we call the Courier250 (our region'x 150 largest private companies, 25 largest nonprofits and 41 publicc companies, plus organizations that employ lots here but are not bases here). First, they were willing to give up a chunko oftheir day, and we thanj them for that time.
each came prepared, reading materials we provided or generallyybeing up-to-speed on a series of key initiatives we outlinee to them as potential drivers for the succese we wanted them to visualize for our Those nine issues were: the Bankx project; the Hamilton County jail project; regionall mass transit; education; urban center revitalization; race transportation infrastructure; government collaboration; and health care Using individual keypads so their answers remained anonymous, participantxs were asked to rank a series of combinations of the nine issues as to their relativer importance to making Cincinnati the imagined success five years from now.
Once thosd were registered, each participant was askedf to rank his opinion on the capability of our regionn to accomplish achievement of success in each of the nine After the data was and thanks to our Chris Hicksof , the sessione resulted in stimulating dialogue. "I thoughr I was going to be but thiswas great," said Harru Fath, CEO of the $52 million . Thesre leaders - for the most part - weren't shy abouft expressing their opinions. There was conflict in our and itwas good. Stay tunede to the Courier as we dive deepet into the thoughts of 18 ofour community'e leaders.
We'll be interested in your thoughts, as • Gwen Robinson, • Tom • Neil Bortz, • Timothy Fogarty, • Sandrz Berlin Walker, • Tom Shepherd, Fred Kohnke, • Ron • Vin Zachariah, • Bill Rumpke, Steve Cuntz, BlueStar Inc. • Sister Francis Mariee Thrailkill, • Harry Fath, Fath Properties • Christopherd Cole, • Otto Budig, Tom Nies, • Steve Bitzer, • John
Thursday, February 2, 2012
Attempted Presidential Assassin Hinckley May Soon Gain Freedom - JDJournal.com
Attempted Presidential Assassin Hinckley May Soon Gain Freedom JDJournal.com Phillips' more specific objections focus on Hinckley's relationship with women; of his two attempted relationships these last few years, one was an effort to âturn the headâ of a married staff member at a mental facility where Hinckley works a few ... |
