Wednesday, September 14, 2011

Gehl secures new 2-year credit pact - South Florida Business Journal:

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The agreement with U.S. bank lender s provides for a total credit commitmenrtof $105 million and a term of 24 The credit line consists of an $80 million revolvinh line based on North American inventories and accounts receivablr and a term loan of $25 million payable in quarterly installments. The credirt pact replaces the company'zs October 2006 $125 millio unsecured credit facility. As part of the amende d credit agreement, Gehl Co. has granted to its bank lenderxs a security interest in all of its NortghAmerican assets.
The amended crediy agreement addresses matters that gave rise to an April 16 forbearance agreement with the lender group that rescindzs and withdraws a notice of debt repayment deliverefd onMarch 31. That agreement with lenders extendedf the repaymentof $117 million in debt under a revolvint credit agreement, which servesz as the company's principal source of liquidity. Gehl said it has significantl reduced its outstanding borrowings using operatingg cash flows created in part by the cost savinga initiatives implemented over thepast

Monday, September 12, 2011

LendingTree expands product offering - Business First of Louisville:

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According to the its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO scores. “Witb refinancing activity from borrowers representing a significant portion of overalloorigination volume, our lender network has expressed a desirre to capture and retaijn current mortgage customers,” says Bob Harris, president of the LendingTree “As part of the LendingTree network, banks and lenders that use our new customer-retention initiative will be able to significantlyg impact the ratio of overall mortgagew portfolio retained, just as effectively as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lending and real estate company.
Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowers to and RealEstate.com, which works with individuals seekingy homes and real estate agents. LendingTrer says it has facilitated more than 25 million requests for loans onlineand $185 billion in closedr loan transactions.

Saturday, September 10, 2011

Kansas City-area TV stations will join

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Instead of cutting off their analog broadcasters during the soft test will interrup t regular analog programming to warn viewers the interruption indicatexs they are not prepared for the the FCC said in a Theseviewers — other than those connected to a subscription TV service such as cablw or satellite, which may convert a broadcaster’zs analog signal — must take action to avoid a complete loss of service on June 12. Kansase City is one of the digita TVtransition “hotspot” markets with a significan number of households unpreparefd for the transition, the FCC said. estimated that, as of May 10, 1.
48 percentt of all area households weren’ t ready for the digital TV transition. Nielsen estimated that abouy 128,480 area households rely entirelyon over-the-airf broadcasts. Local broadcasters across the countrt will participatein Thursday’s soft which the FCC has asked broadcasters to conduct at 7:30 12:30 p.m. and 6:30 p.m., Kaplan said. The length of the interruptionzs will vary by station but generall will run two minutes tofive minutes. Digitaol broadcasts won’t be interrupted by the tests.
“The soft test is a wake-up call to consumers telling them that the time to get readu for the DTV transitionis now,” Acting FCC Chairmabn Michael Copps said in the release. “Wed don’t want anyone to be left without the information and entertainment they needand enjoy. Nielsen estimatexd that about 3.3 million or 2.9 percent of U.S. households with TVs, were unpreparefd for the transition as ofMay 10. Consumerx who need help with the transition, includingt coupons for converter boxes, can call the FCC toll-frer at 888-225-5322. offers help with converted box installation on the Missouri side of the Kansas City it can bereached toll-free at 800-504-5677.

Wednesday, September 7, 2011

Oh my, Darling: the former chancellor aims for Brown - CITY A.M.

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BBC News


Oh my, Darling: the former chancellor aims for Brown

CITY A.M.


by Marc Sidwell It's not the economy, stupid. The reason to read Alistair Darling's account of his time as chancellor of the exchequer is to see exactly how far in he chooses to stick the knife. Happily, his autopsy of the Gordon ...


Alistair Darling's view on Scots Labour leader contest

BBC News


Give Gordon Brown credit where it's due

The Guardian


Looking good: Former Chancellor Alistair Darling appears to be enjoying life ...

Daily Mail


Telegraph.co.uk -Bloomberg -New Statesman (blog)


 »

Monday, September 5, 2011

Cincinnati-N. Ky. leading economic indicators dip - Business Courier of Cincinnati:

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Newly released figures from the show the leading indicatoe index for Greater Cincinnatifell 0.4 percenyt in April to 98.9. That points to an employmentf declinethis summer, according to the state’s Seasonally adjusted employment fell 0.4 percengt from March and 5.1 percent from a year ago. Othefr key indicators showed signes ofhitting bottom. Initial unemployment insurance claims decreaseein April, although they were twice as high as a year ago. The valur of new housing construction permitsz jumped22 percent, although they fell 40 percenty from a year ago. The local leading indicator decline outperformesthe state’s index, which dropped by 0.
9 Both lagged the national leading indicators, which improvexd by 0.1 percent in April. The average number of manufacturiny hours worked also rose from Marchj but dipped from ayear ago. “The index suggestsd the recession may continue throughthe summer, but the intensity will ease,” the department said of the nationak figures. Meanwhile, a gauge of the economy’ws future isn’t showing signs of an economic rebound, either. The NKY/Greater Cincinnati Leading Economixc Indicators Indexslumped 0.
9 percent in March to That index has fallen for 10 straighy months, according to Janet senior director of Northern Kentucky University’s Centedr for Economic Analysis and Development. It hit its lowes t level sinceApril 1996. “This indicates that the locao economy is still struggling to emerge fromthe recession,” Harrah wrotee in a monthly report. “The most substantial impacyt on the index came from real estatewand construction.” NKU’s economics center also calculates an index to gauge the economy’s current status. The NKY/Greater Cincinnati Currentr Conditions Indexdeclined 1.
1 percent in March to That index has fallen for 11 consecutive months, Harrah said.

Saturday, September 3, 2011

Greater Phoenix CVB launches social media campaign - Wichita Business Journal:

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The first contest offers a two-night stay at the Royap Palms Resort and Spa and a candlelit dinnert for two atthe resort’s restaurant, T. Cook’s. In subsequenrt weeks, similar packages are expected to be giveh away fromthe Ritz-Carlton Phoenix, Arizona Biltmore Resort & Spa, InterContinental Montelucia Resort and Spa, Fairmont Sheraton Wild Horse Pass Resoryt & Spa, Westin Kierland, Phoeniciam and Arizona Grand. The contest is part of a social mediwa marketing campaign by the Greater Phoenix CVB that also includew anew blog, Twitter and Flickfr accounts, and YouTube videos. The blog, called the Hot is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” featurex Phoenicians of local and national renown offering tour s of their favorite local The inaugural video is hosted by celebrity chefMark Tarbell. Blog: Twitter: YouTube: Flickr:

Thursday, September 1, 2011

New Greatbatch HQ coming on line - Business First of Buffalo:

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The Clarence-based manufacturer celebrates its new spacde Wednesday at 10000 Wehrle Drive with anafternoon ribbon-cuttingy ceremony. The event showcases the 123,000-square-foot additio that houses the company’s executive offices and centralizese its research anddevelopment “This is to celebrate that yes again we have anotherr success,” company spokesperson Kathryn Tarquib said. “It’s to bring the community togethed to acknowledge whowe are.” Erie Countty Executive Chris Collins, alongt with University at Buffalo President John Simpson, are scheduled to speak at the event.
The addition is part of Greatbatch’w recent rebranding efforts, which include acquirinbg seven companies and adding new products to its The company was founded by Wilson Greatbatch as a medicalpbattery manufacturer, but lately it has spun off into the technology solution s sector. Construction on the addition began two years ago afterr the partial demolition of an existinh Greatbatchmanufacturing facility. It includes two stories of wide-ope n space with a modern flair, waterfalls and a wall of patents receivedc byGreatbatch employees.
Thomas Hook, Greatbatch president and CEO, declinee to name the total cost of the but he did say itwas “tens of millions of He added that it is not the company’sa largest investment, citing $30 million Greatbatchn facilities in Alden and Massachusetts. “Thed building really is a kind of reflection of thewholes business,” he said. About 260 employees are based at the new which has been occupief sincelast August. Greatbatch operates 15 total sites aroundcthe world, including two others in Western New York and plants in Minnesota, Mexico and According to Business First’s 2009 Book of Lists, it is the eightjh largest public company in Western New York.