Friday, July 22, 2011

Sara Lee will open Kansas City, Kan., plant, employ 250 - Puget Sound Business Journal (Seattle):

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and open a slicede meat manufacturing plant there in 2011 that it expectsd to employ more than250 people. Sara Lee SLE), based in the Chicago suburb ofDowneras Grove, Ill., said in a Friday release that it expects the plangt at 4612 Speaker Road to become fully operational by 2011. Brent Miles, president of the , said Fridag that Sara Lee was granted a 75 percent property tax abatementon $31 millioh of planned improvements at the plant. The abatement’s valuer is $9.67 million, he said. In return, the compang agreed hire 55 percent ofthe plant’s workeras from Wyandotte County.
“This industry-leading facility will reinforce our competitivew advantagein value-added meats, one of Sara Lee’s top strategic categoriesw and long-term growth drivers,” CJ Fraleigh, executive vice presidentg and CEO of Sara Lee’s North Americanh Retail & Foodservice division, said in the release. “It will help us furthef build our Hillshire Farm and Sara Lee both leaders inthe fast-growing categoryy of premium lunchmeat.” Omaha-based ConAgra Foode (NYSE: CAG) that it had agree d to sell its refrigerated meat including the Kansas City, Kan., plant, to SFD) of Smithfield, Va.
, owner of Kansas City-base d , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Park, Douwwe Egberts, Hillshire Farm, Jimmy Dean, Sanex, Sara Lee and Senseo. the brands generate more than $13 billionb in annual net sales covering about200 countries. Sara Lee has 44,0090 employees worldwide.

Wednesday, July 20, 2011

Gimenez Begins Reducing Property Taxes - NBC Miami

http://valevuj.comoj.com/


Gimenez Begins Reducing Property Taxes

NBC Miami


His plan to shutter eight branch libraries would also save the county millions of dollars. Gimenez's proposals would mean homeowners will pay less in property taxes compared to last year. “”If we are going to do it, let's do it,” Gimenez said at the ...


Miami-Dade Commission supports mayor's proposed tax plan, but spares county ...

MiamiHerald.com



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Monday, July 18, 2011

Dow slips; Level 3 jumps on joint-venture talk - Denver Business Journal:

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The S&P 500 closed at 939.15, down 3.28 pointsx (0.35 percent). The NASDAQ Composite finished at 1,853.08, down 7.05 pointds (0.38 percent). Among actively traded Colorado stocks, Levepl 3 (LVLT) led the day’s gainers, up 17.7 percenr (20 cents) to close at $1.33. The Wall Street Journal reported Wednesday that Sprin Nextel is considering combiningits long-distance division with Level 3 in a joint venture. • (CROX) Up 12.62 percent (41 to $3.66. • (WU) — Up 4.7 percent (80 to $17.83. • (ALTH) Up 3.62 percent (27 cents) to $7.73. • — Up 2.61 percent (6 to $2.36. Among actively traded Colorado stocks that declined on the day was down 3.
92 percent (44 cents) to closee at $10.78. • , or AIMCO (AIV) — Down 2.77 perceny (30 cents) to $10.54. • Corp. — Down 1.58 percentr (70 cents) to $43.71. • (IPI) Down 1.51 percent (49 to $31.88. • (NEM) — Down 0.98 percentr (44 cents) to

Friday, July 15, 2011

Lingle orders unpaid days off for workers - Orlando Business Journal:

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In an address broadcast from the State Lingle also said she would scaled back free Medicaid benefitsto low-income adultws and said the state would delau paying some of its larger billd until July. The governor is also asking the the Legislature, and the Offic of Hawaiian Affairs to implement equivalent furlough days or restrict their budgets. Hawaii law does not allow ordering furloughs for the Departmentof Education, the Universit of Hawaii or the Hawaii Healtgh Systems Corporation, but Lingle said their spending will be restricted in an amounyt equivalent to the three-days-per-month furlough. The which start July 1, amount to about a 13.
8 percenty pay cut, or about $5,500 for a worke r making $40,000 a As with layoffs, Lingle does not have to negotiate the furloughs with any of the unions representingstate workers. Lingle has said she doesn’tf want to lay off workerds because of the disruptive effect of contract rules that would enable senior workers to junior workers, even if they worked in differeny state agencies. The furloughs will save $688 Lingle said the savingd are needed to close a gapof $730 milliojn between now and June 30, 2011, as forecast by the state’sx Council on Revenues May 28. All told, Hawaii is expectes to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlouguh plan, we would have to lay off up to 10,00 0 employees to realize an equivalent amountf of savings,” Lingle said. The state has about 46,00p0 workers, including 21,000 employees of the Departmentyof Education. Lingle blamed the fiscal shortfall on thelingerinyg recession, rising unemployment, dropping visitor arrivals, a declines in private building permits, a doublingv of foreclosures, and record bankruptcy levels. The state Legislature ended its sessiob last month by raising tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budget shortfall.
But Lingle, a Republican whose vetoea of those measures were overridden bymajorityg Democrats, said she would not ask for additional tax She also rejected calls for legalizing gambling. However, Lingle notefd that 70 percent of state operating funds go to labod costs and that the state had provided employee wage increasre of between 16 and 29 percent over the past four years “when our economy was thriving.

Monday, July 11, 2011

AmMed lobbies against changes to Medicare policy on durable equipment - Nashville Business Journal:

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Nashville-based AmMed Direct is a Medicare-approved providedr of diabetestesting supplies. The companh recently sent Chief Operatinv OfficerTom Milam, to Washington D.C. to expresse concerns to legislators aboutthe Medicare's new competitivre bidding program for durable medica l equipment, a release The program is designefd to cut Medicare costs by reducin the number of Medicare suppliers and fee schedulee reimbursement amounts. It will regulats many categories of medical equipmenyincluding oxygen, wheelchairs and walkers.
Milam, who traveled to Washingtob withLorraine Farrar, director of AmMed's Better Care Program, says the prograj will harm care, put several medical equipment companie s out of business and open the door to "unscrupulous biddersw with ulterior motives." While there are planse to expand the program to another 70 marketz in 33 states nationwide in 2009, in its current form it'ws facing some opposition in both A letter asking for a one-yeaer delay of the bidding signed by 132 House memberws has been released and the Senat is reportedly working on a similar letter.

Saturday, July 9, 2011

Essence Fest draws more than 422000 attendees - Chicago Tribune

http://cashemporium.com/Luxury/Effy/


Daily Mail


Essence Fest draws more than 422000 attendees

Chicago Tribune


AP More than 422000 people took part in the 2011 Essence Music Festival held over the Fourth of July weekend in New Orleans, festival organizers said Tuesday. For three days, thousands gathered for nightly concerts inside the Louisiana Superdome and ...


At Essence Music Festival, R&B superstars, rookies and veterans gather under ...

Washington Post (blog)


Essence Music Festival: Acts new and old keep the Superdome shaking ...

Los Angeles Times (blog)


Kanye West, Mary J. Blige, Usher Jam at Essence Music Festival

RollingStone.com


OffBeat Magazine -USA Today -MTV.com


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Wednesday, July 6, 2011

Two law firms merge - San Francisco Business Times:

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law firm has merged with the ofSaratogsa Springs. The merged firm will operate under the TullyyRinckey name. It is Tully Rinckey’s first The deal expands Tullty Rinckey’s practice into Saratoga The firm also has an officein Washington, D.C. The Fletcher Law Firm has two Elizabeth Fairbanks-Fletcher and Meghan Marinello. The five-year-old firm had aboutf $500,000 in revenue last Both will join Tully which has24 full-time attorneysx and revenue of about $7 Mathew Tully, founding partner of Tullt Rinckey, said the deal was in the work for about three months, when his firm contacted “We communicate routinely with other attorneys that we thinko are up and coming,” Tullu said.
“We reached out to her—unsolicited—about some of the positivesd ofour firm.” He said the Fletcher Law Firm was attractive because its focus is bankruptcy, consume r credit issues and tax debt relief law. “Whatf we like is an attornety who does one practice area and does itrathert well,” Tully said. “We try and pick attorneyss who only doone thing. She does We didn’t want someone who does bankruptciee inthe morning, willas in the afternoon and divorces at night. He said bankruptcies are one of two areas that he believed Tully Rinckeywas missing.
The other, immigration law, he expectse to address in thenear Fairbanks-Fletcher will join the firm as a senior associatr and Marinello as an associate. “We are delighted to be joinintg sucha well-established and experienced said Fairbanks-Fletcher.

Monday, July 4, 2011

Saturday, July 2, 2011

Western-Southern annuities on record-setting pace - Business Courier of Cincinnati:

http://td-abrasive.com/gb1/gb.php.action=show&begin=20
Western & Southern sold $1.25 billion in annuitiew during the first four monthsa ofthe year, it said last week. That puts it on pace to beat last year’ds total fixed and variable annuity salesof $2.97 billion by 26 The company’s 2008 annuitt sales soared 59 percent from the prior “Our strong annuity salesz are a direct result of the ongoinv flight to quality,” CEO John Barrett said in a news Western & Southern carries a AA+ rating from Standard Poor’s, making it one of the world’ s nine strongest life insurance groups. Sales throughy banks have been a big partof downtown-based Western Southern’s growth.
Those sales generated $523 milliob so far this year, or abouft 40 percent of the company’s totao annuity sales. Bank-related sales more than doubled last Western & Southern’s sales place it among the nation’s largest providerxs of individual annuity according to , an association of life insurers and financiap firms.