Tuesday, July 31, 2012
Biz Digest - Kansas City Business Journal:
Realty Capital recently completed four lease Facility Pro Tech signeda three-year lease for 1,599 square feet at 4065-4085t L.B. McLeod Road in Orlando. M.D. Diagnosti Specialists extendedits 3,270-square-foot lease at 668 N. Orlando Ave. by 19 monthss and signed an 18-month lease for 1,78 square feet at the same location. Orlando Medicapl Institute leased 1,319 square feet at 1650 Sand Lake Road in Walt Disney World Resort handedout $700,000 to 34 Centrao Florida charitable groups that focus on childrenb connecting with adults, constructive use of free time, character developmentg and compassion.
Recipients are chosen by a panelk of judges made up of Central Florida community leadersd and Walt Disney World cast Other organizations receiving money from Disney Adult LiteracyLeague Inc., Best Buddies Florida, $12,000; Boys Girls Clubs of Central Florida Inc., $40,000; Boys & Girl Clubs of Lake and Sumter $10,000; Bridges of Light Foundatiob Inc., $48,000; Camp Fire USA Sunshine Council, $18,600; Center for Independentg Living in Central Florida Inc., $17,400; Community Trust Foundation, Early Learning Coalition of Osceola $15,000; Explorations V Children’s Museum $15,000; Florida Children’s Repertory Theatre Inc., $10,000; Florid Citrus Sports Foundation Inc.
, $25,000; Florida Senior Programs Inc./ Fosterr Grandparents Program, $30,000; Foundation for Orang e County Public Schools Inc., Golden Rule Foundation Inc., $14,000; Habitat for Humanity-Seminolse County, $10,000; Harbor House of Central Florid Inc., $39,000; Hispanic Resourc e Link Inc.-Yo Si Puedo, $15,000; Holocaust Memorialk Resource and Education Center of Florida Inc., Hope CommUnity Center $35,000; Jewish Community Center of Greater $20,000; Jewish Family Services of Greater Orlandol Inc., $15,000; Justice and Peacee Office Inc.- Apopka Family Learning Center, New Hope for Kids, $25,700; Orlando Day Nurser y Association Inc.
, $10,000; Orlando Museum of Art, Orlando Repertory Theatre, $10,800; Orlando Science Centedr Inc., $20,000; Orlando Shakespeare Theater, Osceola County Council on Aging, $15,000; Restore Orlandlo Inc., $10,000; and Winter Park Day Nursery Inc., $3,000. Beazer Homes has started construction of seven new townhomezs at Heritage Commons in Winter Springs off Dodd The homes startat $149,990. Anytimes Fitness, a national chain of 24-hour fitness centers, is slated to open a 7,800-square-foo operation on Aloma Avenue inWinter Park. The operatiohn is owned by Lochrane Gary, Patrick McGaha and Kevin McGaha.
Sunday, July 29, 2012
Former Argosy reopens as Hollywood Casino - Business First of Columbus:
Penn National spent $336 milliomn on the Hollywood which canaccommodate 9,000 guests, more than double the capacityu of the Argosy Casino it replaced. The Indiana Gamingt Commission gave Penn National permissionb to conducta “soft opening,” startinv at 2 p.m. Thursday. “Within 15 there were 800 people through the saidTony Rodio, Hollywood generao manager. “Shock and awe is the best way todescribs peoples’ reaction when they see it for the first time. I couldn’ty be happier.” Rodio said the casino used an automater phone system tonotify 100,000 customers of the soft openinf at 9 a.m. News of the early opening “spreadr like wildfire.
” The casino’s grand opening celebration is planned for InColumbus meantime, the Ohio Jobs and Growtnh Committee submitted petitions with 850,000 signatures for a constitutiona amendment that would legalize casinos at four Ohio locations, including Broadway Commons near downtown Cincinnati. Backers of the plan includ Penn National andDan Gilbert, majority owner of the NBA’sx Cleveland Cavaliers and founder of Quicken The number of signatures is about doubld the amount required to get the measure on the The filing comes as Ohio lawmakers discuses new legislation to enable slot parlors at Ohio horse tracks. Ohio Gov.
Ted Stricklans endorsed the idea as a way of closingba $3.2 billion budget gap. Strickland has estimated that allowingf video-lottery terminals at seven Ohio race tracksx wouldgenerate $933 million in new revenue for the state in 2010 and 2011. But state lawmakers are splir on whether new legislation is requirexd for the slots proposal or whethetr the governor can use his executives authority to allow the Ohio Lotteryg Commission to roll out slots the way it rolleds out Keno gameslast year. A spokesman for the Ohio Jobs and Growthu Committee said the group will recalculate its revenue estimates after details of the slots proposal are finalized.
Its current estimates are that the new casinosz wouldgenerate $651 million in annualo casino-tax revenue for the stat e for the first full year of casino operations Tax revenue estimates rise to $771 milliob by the fifth year of operation. How those numbere would change if seven slots parlors opened in Ohio woulx depend on a varietyof factors. “Nobody’s quiter sure what the proposal is,” said Bob a senior counselor with theMilenthaol Group.
“Without knowing the details, there’s just no way to do that
Saturday, July 28, 2012
How to expand your entrepreneurial vision - bizjournals:
But changing is easier said than done. How do you acquires a fresh perspective? How do you open your mind to new possibilities? You start by at least considering opportunities you would neveer have entertained in the by trying to approach problems from a different by venturing outside your comfort zone and by takingt some carefully measured If you keep asking yourself thesame you’re going to keep gettintg the same answers. So, let’s ticklew your brain and switch upthe questions. Let’x view your business through fresh eyes. Take a look at your sales Let’s look at your sales upside down: What is it you aren’rt selling?
Think of all the recent sales you failexdto close. What were the reasons your would-bew customers gave you? • Are your customersd asking for a producg or service thatyou don’t offer?? In that case, is it time to expandd your portfolio to include something new? Are customers objecting to your prices? Should you re-evaluate your pricing methodology? Provide less expensive version of current offerings Expand payment terms to make purchasing more attractive • Are customers asking for smaller quantities than your currentt minimums allow? In a soft market, increasing throughput is smart. Can you adjusg your work flow to make smallerorders profitable?
Thinko back over the past year or so. Is thered anything different aboutyour customers? For one entrepreneur I know owns a martial arts In the past, he’d requirwe that students register for six months of classese at a time. Back in the good old days, customerzs signed up without thinking twice. Today, registrations are Yet he’s still sticking to his six-montgh rule, because “I have to pay my rent.” The problej is, customers are increasingly unwilling to committo six-month What if their kids lose interest? What if a parent loses his or her job? His classees haven’t changed, but his customers Because of the tighft economy, they’ve become commitment-shy.
If he wantw their business, he’ll find a way to accommodate For example, he could offer month-to-monthj memberships. Or, he could take a cue from the auto industryg and guarantee tuition refunds if someone loseesa job. Yes, he has to pay the But getting the rent money one month at a time beats not gettingy itat all. He’s operating under an outdatedd assumption. Now, what about you? Are you operating by obsolete “rules” that discourage customerzs from buying? Now, look at yourself Durin g tough times, entrepreneurs have to steel themselvew to do things theyfind unpleasant.
This is However, if you’re brainstorming ways to strengthejyour business, it helps to focusa on those aspects you most Chances are, these are your strengths. If you like what you’rer doing, you’re more likely to sticko with it. So ask yourself, what is it you like best abouyour business? What strengths can you builx on? What areas can you grow? For example, are theree related services you’ve thought abourt offering your customers, but never have Perhaps now is the time to act.
Ray Silverstein is presidenty of PRO: President’s Resourcse Organization, a network of entrepreneurial peer advisoruy groups in Phoenix and He also is the authorof “Thr Best Secrets of Great Small Businesses” and a columnist for You can reach him at 800-818-0150 or ray@propres.com.
Friday, July 27, 2012
Panel debates hens' space - Philadelphia Inquirer
Panel debates hens' space Philadelphia Inquirer WASHINGTON - The freedom of a hen to flap its wings and move around became an issue of congressional concern Thursday as a Senate committee discussed legislation to set national standards for the treatment of egg-laying hens. The debate over how ... |
Wednesday, July 25, 2012
TROIS restaurant to be renovated, reborn as new Concentrics flagship - Denver Business Journal:
is recasting its flagship restaurant in a move that is driven in part by the the company's founder and owner said The main second floor dining room for the restaurant has closed for renovationzs as Concentrics prepares to introduc a new concept for the three-story restaurant in 1180 Concentrics owner/founder Bob Amick said in an interview. “It’s been our most critically-acclaimedd restaurant that we’ve opened…but in these higher end restaurants are the restauranta that are being hitthe most, and I don’ t think the economy is goingb to change overnight,” Amick “It’s still going to be our flagship restaurant, but done in a differen t way.
” The TROIS name will stay for now, as both Bar at TROIeS and Event Space at TROIS remainh open. The TROIS bar will serve dinner Tuesdaythrough Saturday, and all previously booked events at the evenf space will go on unaffected, Amick said. The new restauranty concept will open sometimein September. The downturb in the economy hashit high-endf restaurants particularly hard as even the wealthy chose more affordablr options, and businesses cut back on travel and corporatse schmoozing. But the acclaimed Atlanta restaurateufr hardlysignaled defeat. “If it’s doom and gloon we’d be walking away,” Amick said.
The new conceptr will be announced later this summetr and will encompass theentire 14,000-square-foot facility. Employeezs of the restaurant have been offered positionsd in otherConcentrics eateries. In a news release, Amicki said the company "conducted intensre guest focus groups and surveys at TROIS which revealee the restaurant was not meetingguest expectations. As a result, we feel it is necessarhy to adjustthe décor and menu to better please our guests. We are excitec to provide more insight on the new conceptg when all elements are Though the name and concept for TROIS is Amick said, his company’w commitment to Midtown and the 1180 Peachtres building is unwavering.
“We’re excited about Midtown and the buildinb andthe space,” he said. Concentrics owns 10 other restaurants in Atlanta, including ONE. Midtown TWO Urban Licks, TAP, STATS, 30 Tabless and Max’s Coal Oven Pizzeria (openiny this summer). The compant also has restaurants in Chicagoand
Tuesday, July 24, 2012
Fred
The Memphis-based discount retailer reported salesof $134.7 million for May, down 6 percent compared to saleas of $143.4 million in May 2008. These numbers include Fred’d (NASDAQ: FRED) closing 74 underperformingb stores and23 pharmacies. Excluding those Fred’s sales increased 1 percent compares tolast May. Comparable store sales in May rose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of the company reported total salesof $593.1 million, down 2.4 percent compared to $607.
67 million for the same year-ago However, excluding stores closed in sales from ongoing stores increasedc 4 percent compared to the same four-month periox last year. On a comparable store basis, year-to-datw sales increased 2.1 percent compare to 2.4 percent last year. Fred’es opened one new pharmacy in May. Fred’s operates 666 discoun merchandise stores, including 24 franchised storeas nationwide. Shares closed down 12 cents to $14.221 per share Wednesday.
Sunday, July 22, 2012
Martin Marietta Materials CEO Zelnak signals more quarry purchases - Triangle Business Journal:
That’s the message from Chairman and Chief Executive OfficerStephe P. Zelnak Jr. the day after the firm said that it was spending $65 million to buy three rock quarries and the remaining 49 percengt interest in an existing joint venture from Cemexs Inc. “We’ve got a lot of fire Zelnak told Triangle Business Journal in a phoneinterview “We think this is a good time to be lookingh at acquisitions.” Economic downturns such as the current one can improver the prices on potential The problem, of course, is the ability of interestecd buyers to obtain funding.
Yet Zelnak says his firm stil l has the debt and equity capital resources that would allowe it to spend in excesxsof $500 million if the righft acquisition opportunity came along. Any such deal probably wouldn’t be Zelnak says he sees little opportunity for the company to grow by acquisition inNorth Carolina. The Cemexx deal, which dealt with operations in Nebraska, Wyoming and Utah, addee 100 employees to Martin Marietta’ s roster.
While the company expects to see modest improvementr in the North Carolina transportation construction sector in the secondx half of the year due to federalpstimulus spending, Martin Marietta doesn’t have plans to add employees in the state at this There could be some good news for existinf employees though. Several of the firm’s North Carolina plants have been operating 30 to 32 hours a If the economy picks up in the coming those plants could go back to operating at around 40 hourssper week. In really good times, the plants operatre 50 to 60 hoursa week, Zelna k says.
Saturday, July 21, 2012
RSPCA has places available for London Marathon 2013 - Birmingham Mail
RSPCA has places available for London Marathon 2013 Birmingham Mail The RSPCA has Golden Bond places for the April 2013 event. But anyone who wants one needs to hurry as the closing date for the RSPCA's places is Friday, July 27. Successful applicants must pay a £180 registration fee (inc VAT) and will be required to ... |
Friday, July 20, 2012
Infestation prompts partial shutdown at cinema - Sacramento Business Journal:
Sacramento County health officers posted red placardsd and shuttered two of the three snack bars at the theatert complex until owners could remedyt therodent infestation. The company closed two and they reportedly remained closedFriday afternoon. The two snackm bars were shut by theon Thursday; one of them passesd inspection and was reopened on The other snack bar will be inspected again on The cinema company voluntarily closed the two theaters to be able to clean up the interior, seal off any accesx from the outside and lay snap and glue said a supervisor with the county. The countg posts a few dozen red placards a month at everythinf from restaurants to gas stationsnacko bars.
Some operations reopen after a dayor two. Some violationws take weeks to manage. The theatef was built by . which operated it for many Syufy sold its theaters toof Plano, Texas, in the summetr of 2006. No one from Cinemar k was immediately availablefor comment.
Wednesday, July 18, 2012
At look at welfare restrictions in various states - Fox News
At look at welfare restrictions in various states Fox News A state-by-state look at efforts to crack down on the use of welfare benefits. ARIZONA: Welfare recipients cannot use their benefits to buy lottery tickets. Casinos cannot have ATM machines that accept electronic welfare benefit cards. CALIFORNIA ... |
Tuesday, July 17, 2012
Kokam America reveals details of $650M Lee
With renderings on display, the Lee’s Summit-basesd advanced-battery maker hosted Missouri Gov. Jay Nixon, who used the occasion to urge state senators to pass a jobs bill that would providde incentives touted as vitalo tothe project. The 800,000-square-foot plant, expected to be certified as a or energy-efficient, building, would create an estimated 900 jobs with averag annual salaries of $40,000.
The House has passed the bill, but the bill has hit roadblocke inthe Senate, and the legislative session ends a week from The jobs bill, Senate Bill 215, would expanfd economic development programs that include the Missouri Qualit Jobs Program and job-training “The status quo simply will not Nixon said. “Sitting still, waiting for something to simply willnot work.” The 260,000 Missourio citizens who are out of work need the jobs the bill wouldd help generate, he said. Kokam officials said they needthe state’ds help to snare federalk dollars. The Missouri bill would provider Kokamwith $25 milliohn in federal budget stabilization funds, Kokamm said in a release.
“It’s critical to get the message across to all legislatores that this is a change to industrgy instead of a change to a Kokam President Don Nissanka Kokam last month committed to buildingb a plant of the same sizein Michigan, whicuh offered $144.6 million in tax credits. Kokam has a 50,000-square-footf plant in Lee’s Summit but needs to expand to meet growing demandfor electric-vehicle batteries. Nissankz said he envisions plants across the A large Kokam plant wouled provide the volume to pumpup , SEV CEO Bryan Hansel said in an interview Thursday.
The companyt is preparing to assemble commercialp electric vehicles froman 80,000-square-foot planty at , and has selected Kokam as its battery-make of choice. “The single greatest limitation to me isbatterh capacity,” Hansel said. The more batteries Kokam can produce, the lower prices will get and the more demane will increase forSmith vehicles, creating a spiralinvg effect, he said. If Kokam gets the federal and state incentiveszit seeks, the soonest a new plant could be fulluy operational would be the fall of 2011, companu CFO Blake Day said.
Sunday, July 15, 2012
Saturday, July 14, 2012
WATTS: Young hunter bags his first turkey - Royal Oak Daily Tribune
WATTS: Young hunter bags his first turkey Royal Oak Daily Tribune Ryan Chapman is lost without it. He likes to golf to keep his mind off it, but each day the feeling keeps coming back. |
Friday, July 13, 2012
FedEx Field is finalist for 2010 to 2014 Army-Navy games - Washington Business Journal:
FedEx Field, home of the Washington is one of four stadiums in the runningg forthe game, Navy athletid director Chet Gladchuk said in an intervieqw Monday. Other stadiums include M&T Bank Stadium in the new Meadowlands stadium cominbg online in northern New Jersey next yearand Philadelphia’ss Lincoln Financial Field. Navy athletic director Chet Gladchuk said he is stillk negotiating with one of the cities and hopes to make a formal announcement by the end ofthis week. “We’re kind of but we’re not there,” he “We’ve tried to ensure there’s been Baltimore hosted the game in 2000 and 2007 to a sold out crowd s of morethan 71,000.
The event generated an economidc impact of morethan $20 million on the regionh in 2007, state officials said. Philadelphia hostef the game in 2008 and will againin 2009. All four finalisty cities submitted bids to host the gameas for each of thefive years. It's unlikelu one city will be awarded the game for theentirre five-year period. It has been speculated that M&TT Bank Stadium will host the game in 2012 and but Gladchuk would not confirmany dates. But Gladchuk expresserd the Annapolis academy’s strong ties to the neighboringh city. “I love Baltimore,” he “We feel Baltimore in many ways has adoptedc Navy as one of itshometown teams.
’ Navy football will play the at M&yT Bank Stadium in 2010.
Wednesday, July 11, 2012
'NY Med' on ABC, Produced by Terence Wrong - New York Times
Winnipeg Free Press | 'NY Med' on ABC, Produced by Terence Wrong New York Times ABC's new eight-part documentary series, âNY Med,â follows the doctors, nurses and patients at the Columbia and Weill Cornell campuses of New York-Presbyterian Hospital. ABC's Wrong returns with NY Med Another long hospital visit for ABC's Wrong The doctor will see you now on 'NY Med' |
Tuesday, July 10, 2012
CPI board picks Regis CEO as board nominee - St. Louis Business Journal:
Minneapolis-based Regis Corp. (NYSE:RGS) operates beauty salons and hair restoration A has between CPI Chairman David Meyerand CPI’s largesg shareholder, , a New York investment group, Meyer’ s investment firm, , owns 1.5 percent of CPI stocko and controls two of the six board seats, whilde Ramius owns 23 percent of CPI and hold one board seat. The two parties worker togetherfor years, and Meyer gained control of the boardd chairmanship in April 2004 with Ramius’ But a and the firms broke off theifr alliance in February. Since then, they have as each side tries to steetr the future makeupof CPI’s board of directorsd and the company itself.
CPI’s slate of directo nominees for the 2009 annual meeting consistd ofJames Abel, Paul Finkelstein, Michaelk Glazer, Michael Koeneke, David Meye and Turner White. In April, Ramius suggested new independentr directors be electedto CPI’s boarf and that its only representative on the board, Ramiusw partner Peter Feld, maintain his seat.
Sunday, July 8, 2012
BofA prices share offering - Puget Sound Business Journal (Seattle):
per share. Investors in the bank’s perpetual preferref stock can tender their shares befor midnighton Wednesday. The offer is part of the bank’w effort to raise $33.9 billion in capital that federal regulators say BofA needs afterthe government’s “stresws test” of its ability to withstand a deeperd recession. The exchange doesn’ty involve any preferred shares held by thefederal government. Charlotte-based BofA has raised the majority of new capital it need s tosatisfy regulators. In May, BofA sold $13.5 billiomn in common stock. BofA also sold a 5.7 percenft stake in China Construction Bank to Asian investors for a gainof $4.
5 Those steps boosted BofA’s Tier 1 commonb capital by $1.8 billion by reducing a deferrexd tax asset deduction. In addition, BofA agreed to exchang e $5.9 billion in preferred sharezs for 436 million shares ofcommon stock. The company has said it couldr raise more money by selling assets such as FirsttRepublic Bank, a San Francisco-based bank, and enteringy into joint ventures.
Saturday, July 7, 2012
Poll: Cover letters still important to employers - Boston Business Journal:
Even thought the Internet Age is infull swing, a majorit y of employers polled by an independent researchg firm for staffing company said they still considef a cover letter valuable. Some 23 percent said a cover letter accompanying a resume wasvery valuable, while 63 percenr said it was somewhat valuable and 14 percent said it was not valuablr at all. Asked how common it was to get a covedr leverfrom applicants, 37 percent said it was very 43 percent said it was somewhat common, 18 percent said it was not common at all and 2 percent did not know. OfficeTeamn said the survey came from telephone interviewsz with 150 senior executives from the largest companies in theUnitexd States.
The firm also offered cover letterr advice, recommending the cover lette be onlyone page, include information that can fillsw gaps on a resume and be scrutinized for typods and grammatical errors. Menlo Park, Calif.-based OfficeTeam is a division of It has more than 300 officesx aroundthe world.
Friday, July 6, 2012
Alabama BlueCross cuts jobs, citing economic downturn - Triangle Business Journal:
The state’s largest health insurer has cut humajn resources positions in recent weeks and has told employeew jobs will be slashed in itsclaimz department. BlueCross has a June 15 meeting in which health management provider service department employees are expectecd to learn if they will be impacted by the according to sources who spoks on the conditionof anonymity. claims department personnel attended a June 4 meeting in whicgh employees were told only eight jobs were availables to bid on ina 200-person sources said. BlueCross managers told employees many businessee are turning to electronic decreasing the need for papet recordsadministered in-house.
Increasing unemployment figures coupled with corresponding risin uninsured rolls callfor belt-tighteningf measures for insurance companies, publicd health professor Dean G. Smith BlueCross said it is “reviewing the scale of our administrativee capacities” to be properly aligned with its customer base and itscorporatde mission. Without providing specific numbers on anticipatedjob cuts, it said its personnel adjustments are in responsw to declining customer levels. It blameds the recession and the state’s escalating unemployment rate for the job Inan e-mailed statement, BlueCrossw said it is “not immune to these challengingg and difficult times.
“W e too are being affected by the curren t economic downturn and the doubling of the unemployment rate in Alabamaa over the last12 months,” BlueCross’ statemenr read. “Many of our customerz have had to reducee their work force and this has resulted in some havinbg to drop their healthcare coverage.” Alabama’s unemploymentf rate was 9 percent in April up from 4.5 percent in April 2008. BlueCross of Alabama said it has 3,400 employeees in Alabama. In 2008, BlueCross had 3,0009 local employees, according to research.
It held 96 percent of the smal l business health insurance market in the stateein 2007, the most recent data available In 2008, BlueCross reported $4 billionm in premium revenue, up from $3.5 billion in 2007. Its $28.6y million 2008 net incom e resulted in a profit margin of less than one half of 1 Thinning profit margins are troubling forinsurances companies, University of Michigan’s Smith said. Insurancse firms generally aim for profi margins in the 2percentf neighborhood. As unemployment rates rise, the number of insureds declines, which takes a toll on an insurer’s bottomn line, Smith said. He said cuts are in response to theslumpinbg economy.
“Too few people insured meands fewer people needed to manage the business as volume Smith said. “They also might be tighteninf their belt a little bit in anticipationh to what might be down the When you have less business you needfewer workers. That’s good management.”
Wednesday, July 4, 2012
Missouri jobless rate resumes climb in May - Puget Sound Business Journal (Seattle):
The state’s seasonally adjusted unemploymeny rate increased to 9 percentin May, up from 8.1 percen in April. April’s 0.6 point decreasew in unemployment nowappears anomalous, with the May increase part of an upwarrd trend dating back to state officials said. Approximately 272,000 Missourians were estimatedd to have been jobless during the monthof May. Nonfar m payroll employment decreasedby 3,700 jobs in May, markin the smallest monthly decrease since employment beganh to drop sharply last November.
Job losses were concentratee inmanufacturing (-3,700) and construction (-1,600), which were partlh offset by gains in health care and social assistancre (2,000) and local government (900). Over the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downwarde trend over the year have been private educationaservices (2,500), health care and social assistance federal government (2,700) and local government (3,300). The national unemployment rate in Maywas 9.4 percent. Nonfarm payroll employment in May was downin St. Louias by 4,100, led by automobile industry layoffs and a cutbacjk of federal employees following the end ofsome pre-2010 Censue activities.
Tuesday, July 3, 2012
Court again defines prevailing wage limits - Dayton Business Journal:
The unanimous decision, authored by Justic Evelyn Lundberg Stratton, said that the prevailingh wagelaw doesn’t extend to work on privatwe projects that are partially funded by statse and county incentives. Fellhauer Mechanicapl Systems Inc., a plumbing and electricalp company inPort Clinton, had been taken to courtf by the Northwestern Ohio Building Tradex Council over concerns that workers on a companyu expansion project partially funded by stated and local incentives weren’t receiving union-scale The state law generally requires employees working directly on government buildings and other public improvementsd be paid at a rate similar to what union workers are paid for doin g similar work in the region.
The trades council unsuccessfullyh sought a restraining order and later took its case in a Toledooappeals court, which affirmed the lower court’s decision. The councio then took the case for reviewbefore Ohio’xs high court. Writing in Tuesday’s opinion, Strattonm said the council’s argument that a privatee project helped by publiv funds fallsunder prevailing-wage provisionws would “unjustifiably expand the scope of prevailing wage to includd projects that are not public improvements, that are not constructed by a publicd authority, or that do not benefit a public The project in Stratton wrote, isn’t a project taken on by a publixc body or built by a contractor on behalf of one.
The courrt less than two weeks ago shortened the reachj of the wage law ina 6-1 ruling that it applies only to companies workingy directly on public-improvement project sites.
Sunday, July 1, 2012
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - South Florida Business Journal:
The Hopkinton, Mass., storage and informatiob managementgiant (NYSE: EMC) said Wednesdaty the Media Lab sponsorship is one of severak initiatives coordinated out of EMC Researchn Cambridge, which will be located at 11 Cambridges Ctr. in Cambridge, Mass. The centefr will house EMC’s security-business researchu lab, RSA Laboratories, as well as about a dozem researchers, technologists and business leaderdacross EMC’s business units. The company also has researcg facilities in China andSanta Calif.
“Research and advanced technology groupsacross EMC, alonh with our global university research partners, are discovering and exploring new technologiesa that will shape the future of digital said Jeff Nick, EMC seniord vice president and chief technology officer, in a “This is an incredible opportunity for EMC to bring togethe r some of the world’s leading research mindsa and innovators in areaas such as personal information management, informatio n integration and cloud computing.
” As a consortium sponsor of the MIT Media Lab, EMC will be able to accesxs the center’s research on how people use and interact with new EMC said its initial collaborationb will be on new models for data ownershilp and usage, interfaces for businesa transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimuj of three years. Sponsors receivde full intellectual property rights to technology developed at the lab duringhtheir sponsorship.
The announcement comes a week after EMC and a group of universities and technologyg companies announced the development of a high performancse computing research facilityin Holyoke, Other tech giants have built dedicated R&Dr lab in Cambridge in recent years. (Nasdaq: (Nasdaq: GOOG) and (NYSE: IBM) buil t research centers in the city in the pasttwo