Ivy Tech schedules hearing on tuition - Business First of Buffalo:

http://child-advocacy-int.org/2010/02/look-beautiful.html
in the fourth floor auditorium of the North Meridia n Center atIvy Tech’s downtown Indianapolis The campus is located 50 W. Fall Creelk Parkway North Drive. The 2008-09 in-state student tuition rate is $95 per credit hour with a $40 per-semesterr technology fee. The proposed rates are $99.65 per credit hour with a $50 per-semestefr technology fee for the 2009-10 year and $104.545 per credit hour and $60 per-semester technology fee for the 2010-11 year. The cost for full-time students, who take 15 credit hours, woulf increase by $79.75 per semestedr in 2009-10 and by $83.50 in 2010-11.
Indiana residents who want to addresd the committeebut can’t are encouraged to send writte comments to Bob Holmes, vice president for financse and treasurer of the college, at bholmes@ivytech.edi or mailed to him at the Ivy Tech Community College, 50 W. Fall Creejk Parkway North Drive, Indianapolis, Ind., 46208. Ivy Tech, the state’ws community college system, operates 23 campuses in Indiana, includint a Southern Indiana campusin

Chatham creates School of Sustainability and the Environment - Tampa Bay Business Journal:

http://www.asklaptopfreak.com/laptop-notebook-help/2006/07/09/image-on-screen-is-not-displayed-properly/
The school is expectedc to provide undergraduate, graduate and professional programx to prepare students to identifty and solve challenges related to the environmen tand sustainability. The University will begin a search for a and will house thenew school's operations at its Eden Hall Farm Campud in Richland, north of Pittsburgh. The administration anticipates that the programsx offered through the School will both attract new students and drive the Eden Hall Farm master plan.
The first prograkm offered through the new school willbe Chatham'xs newest graduate program, the Master of Arts in Food The degree is designed to provide students with "a deep understanding of the issues surrounding food such as the environmentao costs of food production and distribution, cultural sustainability of communities, and safethy of the food supply," according to a released from the school.
Classes will begin in spring 2010 at the Eden Hall Farm campua and the Shadyside campusin Pittsburgh' East End, and will include course such as agricultural production food processing, industrialization and waste, food, sustainabilitu and health, and food and

Citrix Q1 revenue, net income fall - South Florida Business Journal:

vittitowmehigyk1238.blogspot.com
Net income fell to $7 million, or 4 centd a share, from $34 million, or 18 cents a in the first quarterof 2008. The Fort Lauderdale-basef software maker (NASDAQ: CTXS) took variouas charges, including a $21 million charge for After these items, revenue was $59 million, or 32 centes a share, down from $66 million, or 35 centsx a share, in the comparable periox last year. Analysts had predicted the company woulrd have revenue of 31 centsa share. "I’m pleased with our Q1 execution in the toughest macroenvironment we’v seen in years," President and CEO Mark Templeto n said. "Smaller IT budgets are the new reality.
We believse this makes our enterpriseand [softwars as a service] products even more compelling becauser they lower IT costs while offeringf much-needed business flexibility." While the companyh slightly exceeded Wall Street’s revenue and earnings still fell from the fourth when 2008 was a year of continuouse growth, said Stephen Dunn, a technologu analyst with in Boca Raton. Still, the news is positive on “I think it mirrors the broadertech companies, whicn were not expected to do well in the firstr quarter, but didn’t do as badly as everyone expected,” Dunn “So, it’s certainly a plus.
” Dunn pointed to the fact that the company is predicting revenue will be flat in 2009. With anotherd year-over-year loss predicted for the seconc quarter, the company is banking on a big recovery in the last six monthx ofthe year. Companies have put off IT spendingb and, Citrix stands to benefit when thosd projectsget funding, he added. it’s more a function of when the deferred projects come backon line,” Dunn said. In addition to quarterly financial results, Citrix said its board of director s has authorized it to repurchase up to anadditionakl $300 million of its commoh stock. As of March 31, abourt $50 million remained in authority frompreviousx approvals.
Product license revenue decreased 24 Online services revenue grew16 percent. Technicap services revenue, which comprises consulting, education and technical support, grew 8 percent. On April 23, UBS downgradec Citrix from “neutral” to “sell,” notingb that competitive pressures will limitthe company’zs ability to expand its margins. Shares closerd Wednesday at $26.10. The 52-week high was $36.2 on May 15. The 52-week low was $19 on Oct. 10.

Time To Eliminate High School Kickoffs? - MyFox Philadelphia

http://all-hi-tech.com/en/home-technology/page_31.html

MyFox Philadelphia

Time To Eliminate High School Kickoffs? MyFox Philadelphia PHILADELPHIA - Two days after a Medical Society of New Jersey committee said the kickoff is the most dangerous play in football and recommended getting rid ... and more »

Carnival Q4 profit up - South Florida Business Journal:

http://www.7iwarforum.org/article/The-Real-Healthy-Chocolate-News.html
billion for its fourth quarterendexd Nov. 30. That’s up from the same periocd last year, when it reported net incomr $358 million, or 44 cents a share, on revenu of $3.1 billion. The boost included $31 million from the sale of 'xs Queen Elizabeth 2. For the year ended Nov. 30, the Miami-basedd cruise company (NYSE: CCL and CUK) reported net income of $2.3 or $2.90 a share, compared with net income of $2.4 or $2.95 a share, for the prioer year. Annual revenue increased to $14.6 billiomn from $13 billion the year The company said its ability to hold down costsw and lower fuel prices helped the company achievwe improvedfinancial results.
Carnival also lowered its 2009 earningxs per share guidance to a rangreof $2.25 to $2.75, from its previous rang of $2.50 to $3. “CCL” sharew were up 3 cents to $23.50 in morning The 52-week high was $45.95 on Dec. 26. The 52-weeik low was $14.85 on Nov. 21. “CUK” sharez were down 82 cents to $22.05 in morning trading. The 52-weekm high was $45.08 on Dec. 26. The 52-week low was $15.24 on Nov. 20.

Treasury official warns of property drop - Sydney Morning Herald

http://allladvertising.com/the-different-web-advertising-options-out-there.html

Treasury official warns of property drop Sydney Morning Herald Earlier this year, Phil Garton, manager of Treasury's Macro Financial Linkages Unit, sent colleagues a draft paper on the rise in household debt. ... and more »

Pedal to Properties takes on partner, plans expansion - Houston Business Journal:

http://www.kasabati.com/article/If-Affordability-Is-So-Low--Why-Is-The-Market-So-Strong--C-A-R-s-Economist-Explains.html
Founded and headed by Matt Kolb, Pedakl to Properties is a residential real estate firm that givesa clients the option of looking at homes by The company maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 percent stake in the company for an undisclosedf sum to attorneyTim Majors, who specializes in takinv regional retail businesses national. As a partnee in Pedal to Properties, Majors will work out of the company’x Boulder office. Majors, who’s originally from Perth, Australia, approached Kolb abouy investing in the real estate firm aftee looking at Boulder propertiesby bicycle.
“Wer certainly plan to incorporate [Tim’s] national and international branding expertise to expand Peda to Properties inother markets,” Kolb said in a Pedal to Properties plands to look at opening branch offices in other, unspecified U.S. markets. In May, the company launched a licensew designation for brokers interested in usinfg theBoulder business’ operational formula in their The Colorado company already is working to expans quickly in its hometown by adding more spacse and agents in downtown Boulder.
“I believe Pedak to Properties is in a perfect positio to meet the evolvinyg social and demographic changes going on in the United States with Majors said ina

Patrick clears path for foundations to dip into endowments - Boston Business Journal:

http://www.lorilockhart.com/area.htm
The Uniform Prudent Management of InstitutionalFunds Act, or UPMIFA as it is known, updates curreng endowment laws that are decades old and focusezs on the management, investment and expenditure of restricted funds donated to nonprofits. The ability to spensd a greater amount of their endowments is the most immediatew change the new law would bring to but it also sets a number of standardsw aimed at protecting the original intenft of donors and encouraging prudengt managementof investments. The law also would simplify the process of releasing restrictions on endowment funds whose purposr is no longer relevant and for thos that are smallerand older.
Thirty-six statews have approved similar legislation, and proponents in Massachusetts say they hope to have a new law in placer byJune 30. The biggest push for the legislation came from with supporyt from 14 other organizations specializing in the education andthe environment. Mass Audubonb has lost 28 percengt of itsendowment and, out of its 260 one-third of them are “underwater” — valued at less today than they were at the time of the originalp gifts. Under current law, an organizatio can spend a portion ofa fund’s appreciated value, but it canno dip into a fund’s original value without donor approval.
For example, if a donor gives a $10,000o restricted gift to a nonprofit, the organization can spendd a certain amount of what it earns on that but not any of the original Under the new organizations would be able to dip into the originao value of the fund up to an amount its managersdeem prudent, according to guidelines in the proposex statute. The organization’s managers also would need to considefdonor intent. Although it sets out standard s of prudence for how endowmenf funds shouldbe spent, the legislation woulrd remove a clear line that exists in curren t law: a 7 percent spending limit based on the totao fair market value of an endowment fund, calculated over three years.
Without a spending limit specifically articulate in thenew law, it would be up to fund managerd and boards of directors to decid e how much spending of an endowment is enough or too much.

Biotech 2009 breaks attendance record, CED says - Triangle Business Journal:

http://www.tx-mc-alphaphi.org/index.html?subaction=showfull&id=1266014845&archive=&start_from=&ucat=&
The conference, held Feb. 16-17 at the , shatteredr the previous record of 820 attendees set in when the event was heldin Winston-Salem. “We are excitede to see Biotech 2009 break our previous conferenceattendanc records,” CED President Joan Siefert Rose said in a writtenh statement. “It speaks to the fact that there is a thrivintg biotechnology industry inNorth Carolina.” A star-studded lineup of speakersd also helped to draw attendees. Among thosee who spoke at Biotech 2009 were James CEO of biotechgiant (Nasdaq: Victor Dzau, CEO of ; James C. president and CEO of the national ; Nobel Laureated Oliver Smithies ofthe ; UNC-CjH Chancellor Holden Thorp; Gov.
Beverly Perdus and both of the state’sd U.S. senators, Richard Burr and Kay Hagan. CED’s Biotecj 2009 was held in partnership with the andthe . Biotechh 2010 is scheduled to beheld Feb. 2010, at the Raleigh Convention Center.

Report: Ads on social networks will drop, then climb - San Francisco Business Times:

http://alternativevegan.com/index.php?id=51
percent in 2010 to $1.3 according to a new report by . Palo Alto-basexd , meanwhile, will continue to gain marke share and by 2011 will surpass in ad said DebraAho Williamson, the EMarketer seniofr analyst who wrote the “The expected rebound in spending will come as more companies focusx on creating and implementing an overall social marketing strategy,” Williamson said. “And it is a cleafr indication that the experimental phass of social network marketing is finallh drawing toan end.” U.S spendin on MySpace is expected to fall 15 percent this year to $495 million, whils U.S. spending at Facebook is projected to rise 9 percenrtto $230 million, Williamson said.
Consequently, MySpace’a share of US spending is projected to fallto 43.4 percenft in 2009, while Facebook and othe r social network venues will increase their she said. While the United States accounts for the majorityg of ad spending on MySpacsand Facebook, non-US spending is growing rapidly at according to Williamson, who estimated that marketeras will spend a total of $520 million to advertise on MySpacer worldwide in 2009, down 14 percen t from 2008. Worldwide spending on by contrast, is expected to grow 20 percent to $300 million in 2009, she said.

Progress Energy seeks small rate decrease - Tampa Bay Business Journal:

http://wild-zone.net/indexSAMPLE.html
The proposal also asks regulator s to adjust other components of the rate toreflectg energy-efficiency programs and other renewabl energy resources. Under the proposal, a typicao Progress household thatuses 1,000 kilowatt hours a montgh would see the total bill drop 10 cents $106.78 to North Carolina utilities are permitted a fuel charge on custome r bills, which is a way for the companies’ to recoverd the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progress says it askiny the North Carolina Utility Commission to lower the fuel chargwe because global energy prices have stabilized from recor highs ofrecent years.
According to the proposal, a househol d using 1,000 kWh a month would see the fuel portiob of the bill drop by17 cents. Energgy efficiency will drop the bill by 19 another But the renewable energy portio n of the bill will rise by 26 That increase pays for solar and biofuel contracts that Progresz has signed to comply witha state- mandated renewable energy target. If approved, the new ratex will take effect Dec. 1. Progress (NYSE: PGN) servesx 1.
25 million customers in North

North Carolina's $2B hog industry belted as farms fail - Triangle Business Journal:

http://thelondonbiker.com/blog/about/
Two culprits – overly large herds and rising costs due to higherf grainprices – have been shrinkinhg the bottom lines at many hog operationxs in North Carolina, the nation’s seconr largest hog-producing state, behind only Iowa. To those factorw can be added the recentswine flu, or H1N1 flu, the effects of which the industryh is only starting to tally up. “w lot of people have just not realized what’zs been going on in the industry,” says Deborahg Johnson, CEO of the , an industrg trade group. Already, she says, “We are beginninf to see some (hog farmers) leave the industry due to financia hardship.
” At three eastern North Carolinw operations, relief from the pressurs will come from Chapter 11 or Chapter 12 reorganization. Chapter 12 is a provision written into the federal bankruptcy code in 1986 dealingy exclusively with family Both Chapter 11 and Chapter 12 allow a company breathin room to attempta reorganization. In their reorganization Bunting Swine Farms of Wilsob listed assets of justunde $1 million and debts of $12.4 Perfect Pig of Newton Grove in Sampson County listed assets of $9.
3 million and debtd of $23 million; and of Enfield listed assets and debt s in the $1 million to $10 million All three are consideres mid-level operations, producing between 100,000 and 200,000 hogs a North Carolina farmers raise about 10 million hogs a year for Some farmers are independent, taking thei r product directly to the market. Other farmers operat e under contract with one of the majorpork producers, such as Virginia-basede , which in the past has had contracta with more than 1,000 North Carolinsa farms. Another prominent producer is , which has had dealsa with as many as 150 NorthCarolinq farms.
Recent developments at publicly tradede Smithfield Foodsillustrate what’s ailing the industry. The meat-producing in a recent U.S. Securitiews and Exchange Commission reported lossesof $112 million for the nine monthsw ending Feb.1, 2009, explaining that its costs per hundrerd weight of hog had risen from $49 to $62, largely due to highere grain prices. The company attributes the rise in grain coststo “the United States’ ‘corn to policy.” Meanwhile, as costs were climbing, the Smithfield managersz say, the market was glutted because a record numbera of hogs were slaughtered in 2008 and into 2009.
Demandf for pork at the grocery store has been flat inrecent months. New retail numbers will begin to tell the effectw of theH1N1 scare. While a final determination has not been the blame for the flu outbreak is beinhg laid to hog farmsby some. In response to market Smithfield has been closing someproduction plants, includinv one in Elon near Burlington, and shaving 1,80p0 employees companywide. “The whole industry is feeling pressure,” says Dr. Todd See of Lookinh down the road, grain price s have started to moderate in recenytweeks and, Johnson says, the latestg North Carolina herd is expected to be 3 percentt smaller than last year’s.
Nationwide, the movement towarxd smaller herds might be even more pronouncedc thanNorth Carolina’s 3 percent, says Christine McCracken, an analyst with Cleveland Research Co. “A lot of these (hog have been losing moneh for18 months,” she says. “Ande that’s a long

Business leaders collaborate to form Go Green! Wichita - Minneapolis / St. Paul Business Journal:

vanbeekdulejos1771.blogspot.com
The program is the brainchild of Kennedy and Coe LLC Principa l Dixie Larson and Marketinh CoordinatorCandace Wilson. The organization, whicjh will be a 501(c)3 nonprofit, plans to open membershipp this fall. Representatives from 15 Wichitza businesses met Tuesday and formed a steering committee to set in motion a plan of actiobn forthe organization. A second meeting is planned for Monday to deciddeon guidelines, including how companiesa can become members. The group has invited city and stater representatives to attendthe meeting.
The Larson says, is to encourage locap businesses to become more environmentally consciouz and encourage greater participation in recycling and energy and naturall resourcesconservation practices. “The reason we did it is to creatde a green environment in Wichita and to foster otherf companies to participateas well,” Larson says. The effort already is generating interest, she says. “When we brainstormedr this concept severalmonths ago, I was amazexd to learn people were very passionat e about being environmentally conscious,” Larson “I thought if just this handfukl of people were interested then the hundreds of businesses in our city might be as In addition to , representatives from , , , , , , , , , , , and Sedgwicl County are involved.

70-story tower eyed for Midtown - Atlanta Business Chronicle:

http://journal-fle.net/HTML/facile.html
While the ink is barely dry on the initial blueprintes for1400 Peachtree, the New York office of and Atlanta-base LLC have kicked off a design phase that could produce the first concept of the project by the new Among the early contenders: a single tower that could include an , condos, offices and stores and rise at leastr 40 and possibly up to 70 storiees at Peachtree and 17th streets — eclipsing the 55-floofr Plaza as the tallest building in Atlanta.
Another concept couled draw upon the designof Manhattan’es dual-towered Time Warner Center, whichj also combines office, retail, residential and hotels into one No one expects financing 1400 Peachtree — billedc as the northern gateway to Midtown — to come The project, whose developers are not expected to move forward withouft locking up tenants first, may not breamk ground for another 18 months.
Shailendra and financialp partner Jamestown Properties will face a turbulent lending environment durinyg the next year likely made even more unstable by the recen failureof , the $85 billion government bailou t of and Bank of America’as agreement to purchase But, a project like 1400 Peachtree may also mark the beginningf of a renewed business cyclee — and the optimism that comeas with it. It couldd become a symbol of new ambitions for a city tryinvg to assert itself on the globaleconomic stage.
“Atlanta at some poinf needs to transform completely into aninternationakl city,” said architect Jon Pickard, foundet of the firm Pickard Chiltonb and designer of Midtown’s 41-story 1180 Peachtree. “Iu think it has achieved that status, but I don’g know if it fully recognizesd it, at least not yet. “I think, if this buildinv is done with the grace and elegance that a firmof [Skidmor e Owings & Merrill’s] caliber is certainly capable of, then it will help propell Atlanta toward this goal, and give courage to the next generatiom of [developers] to try somethinbg just as ambitious.
” Unlike New York or Atlanta is a young city whosre skyline is still developing. Signature buildings include 1180 Peachtree, John Portman’d SunTrust Tower, Philip Johnson/ ’ One Ninety One Peachtree Tower andKevin Roche’s Bank of America While Shailendra Group and Skidmore Owings & Merrill debate the best designn for 1400 Peachtree, one thing is already “This will have a skyline presence,” said architectr Gary Haney, with Skidmore’s New York office. “Whe n you fly over Manhattan andsee [The Empirse State and Chrysler buildings] you say, “Oh, that’sd Midtown. Those are the icons.
” Think the same way aboutf 1400’s impact on Atlanta’s Midtown Haney said. Among the challenges facing the design: the size of the which is less than2 acres. “We are talkin g about putting a lotof [development] on a very smalkl space,” Haney said. The architects and developers will also have to considerd which is more a giant skyscraper or a somewhatysmaller twin-tower concept. And another factor will be the Will the financial marketshave stabilized? Or will limited access to debt and its pervasive effecgt on the economy force developersz to scale back their initialk plans?
“The timing and place of this project are going to be very important,” Pickarsd said. “The question is this: will the timing be will the land bescarce enough, for something potentiall y like Time Warner Center in Midtown Atlanta?”

Baltimore City Council paves way for slots near M&T Bank Stadium - Tampa Bay Business Journal:

http://netadspro.net/team-building-events-and-exercises/
Baltimore City is one of five locationsa approved last November for slot machine Baltimore CityEntertainment Group, a group that includes the headd of and , wants to builr a facility with as many as 3,7500 machines on Lot J, a city-owned parking lot in the city's Carroll Camden The precise location could however, and Baltimore City Entertainment is in negotiations to move its projectf to a larger, 11-acre property knowb as Gateway South. But the city must change its zoning code beforew the Maryland Video Lotterh Facility Location Commission will award the development team the licensesz it needs to buildthe facility.
Two City Council committeee — the Land Use and Transportatiohn Committee and the Urban Affairs and Aging Committee voted Thursday to let thosee zoning changes move forward to the full City Councilpfor consideration. City Council President Stephanie Rawlings-Blakee said the committees' action was in stark contrast to deliberations in Anne Arundel where County Council has delayed changingthe county's zoninyg laws to allow a slots parlodr to be built at the Arundepl Mills shopping mall.
Going into the process, she said, the city movedd to narrowly define where slots canbe built, whereaes there were fewer geographic restrictionzs placed on potential gambling facilities in Anne Arundel The geographic boundaries where a facility can be built in each countgy were specified in a referendum adoptede by voters in November. "We're definitely on the righg path," Rawlings-Blake said during the committee "We did our work up identified a location that had very little impacyon residents.
" Anne Arundel anticipated developers would apply to builrd a casino at Laurel Park race and many county officials were surprised when Baltimore developer the submitteds an application to build one at Arundel Millsd instead. But council members in Anne Arundel County delayed June 1 changingv their zoning codes to allowslots Meanwhile, a second developer, , has come forwarf to say it may seek permission to build a slotws parlor at Laurel Park if Cordish Co.'s proposakl falls through. The Baltimore committeese voted on two bills pertainingto slots. The first would change zoning inthe city's B-2 and M-2 districts to includse video lottery terminals amonfg the permitted uses.
The second would change the zoning of the propertuy at 301Stockholm St. President M.J. "Jay" Brodir said the city doesn't plan to relocate the animal shelter toanothe location. But Brodie said the city wants to changwethat property's zoning to give the slots developersz the ability in the future to expane their facility in the evengt the animal shelter movese to another location.

UC Davis settles women

http://www.sasuk-yingo.com/article/New-Release---MaxiCode-Font-for-Printing-UPS-Shipping-Labels.html
UC Davis and plaintiffs Kelseu Brust, Jessica Bulala and Laura Ludwig settled the lawsuir that was filed twoyear ago, and was certified as a class action in October. The settlement establishes a set of standardw for female participation rates in varsity sports at UC Davi s and provides additional financial support for club sportse atthe university, a news release said. The settlemen t must be approved bythe U.S. Districyt Court in Sacramento after members of the classz have been notified of thespecific terms. Brustt and Bulala played club fieldc hockey. Ludwig had wrestling experience and played club They brought suit in July 2007 under the 1972Pats T.
Mink Equal Opportunity in Education Act, also known as Titlee IX. The settlement creates a 10-yearr plan for UC Davis to reach specifid proportions of male and female athletes bythe 2019-209 school year. The university will either add women’s intercollegiated teams or will take other steps to ensure equapl accommodation of student interest invarsity sports. UC Davisd has also agreed to contribute $110,000 to a fund for the developmen ofclub sports.
The case was scheduledr to go to trialin “UC Davis has a solid history of commitmen t to its female athletes and coaches and to expandingb opportunities for women in competitive Greg Warzecka, UC Davis athletics director, said in the “While the parties have a difference in opinion abougt whether litigation was necessary, we’re pleased that we have reachesd an outcome that benefits both “We are thrilled,” Ludwig said in the “It feels good to have the university’w support for women’s athletics through this resolution.
We are proud to have come up with a resulyt that will benefit Davis for years to It will create more opportunities for women to participate in the sportds thatthey love.” During the litigation, UC Davixs created an open application process and selected women’a field hockey as a new intercollegiatd sport, to join the 14 other women’d varsity teams at UC Davis. A team has been selected, and competitiohn will start inthe fall. “The time framea set out in the settlement maximize the potentiaol to add varsity opportunities for women inthe future,” Warzeckq said in the release.
“We are continually tryinyg to maintain our compliance efforts to give women athletes the very best access to intercollegiate athleticszcompetition possible.” Establishing fielf hockey as a women’s intercollegiate spor at the university, Brusg said, “will allow fiel d hockey players to contribute at even a highee level to the campus, and will providee incredible opportunities for many young women.
” Noreen Farrelll of Equal Rights Advocates represented the plaintiffs with Moniquer Olivier of the Sturdevant Law Firm and Kristin Galles of Equity “When we give women a fair share of athletic we are developing leaders on and off the field,” Farrell

GM owes $9M to AK Steel - Dayton Business Journal:

aplecheevlgupy.blogspot.com
About $9.1 million is how much the carmaker owes theWest Chester-based steel manufacturer in traded debt, according to a list of GM’s 50 largest unsecured creditorsw that was included with its initia bankruptcy court filings Monday. was listed as the company’s 33rd largest unsecured creditor. The only other Ohio company on the list was GoodyeaTire & Rubber Co. in Akron, which is on the hook for almostf $7 million. No Kentucky or Indiana companiew were onthe list. Asidse from bond debt and employee obligations, whichj account for GM’s five largest unsecured obligations, the top trade debt disclosexdwas $122 million owed to Starcok Mediavest Group Inc. of Chicago.
GM has been AK Steel’w biggest customer for years, although the percentage of total sales it derives from the troubled automotivse company has been declining in recent years. AK Steel did not disclose how much it sold to GM in 2008 in its latesytannual report, but earlier annualp reports disclosed that shipments to GM accounted for 20 percengt of net sales in 15 percent in 2004, 13 percent in 2005, and less than 10 percenyt in 2006 and 2007. AK Steel said aboutf 28 percent of its trade receivables outstanding at the end of 2008 were due from businesse s associated withthe U.S.
automotiv industry, including General Motors, Chrysler and Its 2008 annual report also included the followingcautionarh disclosure: “If any of thesr three major domestic automotive companiew were to make a bankruptcy filing, it coulds lead to similar filings by supplierss to the automotive industry, many of whom are customerzs of the company. The company thus couldf be adversely impacted not only directlg by the bankruptcy of a majo domesticautomotive manufacturer, but also indirectly by the resultanft bankruptcies of other customers who supply the automotive industry.
The nature of that impacft could be not only a reduction infuturre sales, but also a loss associates with the potential inability to collecy all outstanding accounts receivables. That could negativelg impact the company’s financial results and cash flows. The companhy is monitoring this situation closely and has takenm steps to try to mitigatse its exposure to suchadverse impacts, but becausde of current market conditions and the volume of businesa involved, it cannot eliminates these risks.
”

Tech cluster in Sunrise is growing - Minneapolis / St. Paul Business Journal:

http://ushsr.com/membership/advocatemembership.html
It’s also a happy ending a year aftetr laid off about 300 mostly engineers, in Plantation. C4 Research in Motion and recruited the former Motorolaw workers and opened offices in The companies, all located at the Sawgrass Internationapl Corporate Park, are still showinhg signs of growth and dangling the possibility that they will collectivelyu exceed the number of jobs shed by General Dynamics C4 Systems, a Scottsdale, Ariz.-based business unit of defensw contractor General Dynamics Corp. (NYSE: GD), needs to add an additiona 80 to 100 employees to its existintg workforce of 117 by company spokeswoman FranJacques said.
Abouy 85 percent of the new positionws will be engineering jobs thatpay $80,00o to $120,000 a year, she added. General Dynamics on May 11-132 held a job fair in Tampa and extenderd offers to 12 engineers for the SawgraszPointe facility, at 1000 Sawgrass Corporat Parkway, Jacques said. The company had been hoping to make up to 20 Even beyond the new employees expectedthis year, the Sunrisd hub may continue growing to keep up with its work developinv next-generation computer and communications technologies for the U.S. she noted. “We expect to grow every section of our Jacques said.
Canada-based (RIM) – General Dynamics’ neighbord in the Sawgrass Pointe building is moving from itscurrentr 40,000 square foot office to 92,000 squarse feet at the nearby Sawgrassw Pointe II building. Both spacezs are leased from RIM, which is known for the has about 300 employeesin Sunrise, and may eventuallt grow to as many as 500, said Helena facilities team leader. The transition from the currenyt building to the new one bega n within thelast month, when the certificatde of occupancy was issued. Sunrises got closer to adding jobs for aFoxconn S&B Industry, when the city commission on May 12 approved $75,000 for a Qualified Target Industr y tax rebate.
While the QTI rebatwe still needs to be approved by the county andthe state, which would co-fund it, the rebate could totalo up to $750,000 for the creation of 150 according to city commission records. “Th e average annual salary of thes new jobs will beapproximately $98,000,” according to the S&B will invest $17 million in capitall improvements, too, the records said. A Sunrisr spokeswoman said the commission also approvedgiving S&B an additional $1,200 incentive for every employee it hiresx who resides in the city and is employed for at least one year.
That could mean an additional $180,000 for the has met with S&B and Foxconn representatives to help them pursuee theQTI incentive, said Bob the economic development organization’s senior VP of businesx development. Swindell projected that the matter would come beforew the Broward County commission for approval in early Foxconn International Holdings is a subsidiary of a Chinese computer and electronics giant based in the Taiwanesw capitalof Taipei. The Businessw Journal reported a year ago that Foxconn was planninv to open a facility in western Broward Countg with100 employees, which wouldx be staffed with about 200 workers by the end of 2008.
A Foxconn spokesman said at the time that 50 percentt to 70 percentof Foxconn’s initial new hirew would be former Motorola technology workerx earning $50,000 to $110,0000 a year. Foxconhn officials did not return calls for current but the company established a presence at 1551 SawgrassCorporate Parkway. also operatesx at that address, according to Louis Sunrise’s economic development director. Sandorsa said it is unclear how many total employeese work at the location between Foxconnand S&B, but he note that S&B provided documentation saying it had 51 employees there when it applied for the incentives.
Whilde Sunrise is competing withFort Worth, for S&B’s expansion, the prospect of additional Foxconn-relateed employees in South Florida is “certainly something were happy Sandora said. Sunrise got lucky when the availability ofthe laid-off Motorolsa talent enticed the three tech companies to set up the burgeoninhg cluster, he added. “It wasn’t like we were the greatestt thing since sliced Sandora said. “It was obvious that they came here for the skilk set we had with theMotorolaw people.” THE DETAILS: Foxconn International www.fih-foxconn.com/about/careers.aspx General Dynamics C4 www.gdc4s.com/content/detail.cfm?
acronym=careers Research in Motion: www.rim.com/careers/search/index.shtml