Monday, October 31, 2011
Falcons release Michael Vick - Denver Business Journal:
The Falcons on Friday released Vick, the disgrace d former franchise quarterback who played for the team from 2001untikl 2006, the team said. Apparently unable to trade Vick, who was releaseds from federal prison last montn and is currently under home confinementin Hampton, Va., the Falconxs released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rightx to quarterbackMichael Vick,” Falcons General Manager Thomas Dimitroff said in a statementg posted on the team’sa Web site. "Michael remains suspended by the NFL.
in the event NFL Commissioner Roger Goodell decides toreinstater Michael, we feel his best opportunityg to re-engage his football career would be at another Dimitroff said. "Our entire organization sincerely hopes that Michael will continu to focus his efforts on making positive changes in his and we wish him well in that The Falcons have made clear Vick woulsd not be a part of the team when and if he is reinstater fromindefinite suspension.
With the release, Vick is clear to sign with anotheNFL team, pending his In an interview postee on the team’s Web Dimitroff said the team was unabler to trade Vick, who pleaded guilty and was sentencedc to 23 months confinement on dogfighting-related Dimitroff said he spoke to Vick by telephone today about the release. "We spent a significant amount of timethis off-seaso trying to trade him to another NFL club, and we had some conversationsw with a few teams, but nothing materialized,” the general manager said.
“At this point, we feel releasing Michaeo is best for him and best for Dimitroff said the team has not been advisedc of a timelinefor Vick’d reinstatement, which he said was “up to the Commissionefr [Goodell].” Though Vick is officially released, the Falcond will take a hit towardsx the salary cap for the 2009-2010 for the remaindef of the quarterback’s signing bonus, which was expected. Some reports have peggefd the value of the remainingy bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the bonus, and therew will be no impact on next year’s salary cap.
The NFL’e 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’s Sportse Business Journal, a sister publication of Atlantas Business Chronicle. Several NFL clubs with questionse at quarterback have openly said they have no intention ofsigning Vick. Among them: the and the , whose coach, Jim was Vick’s head coach for three seasons. It has been speculatede Vick might join the upstart UnitedFootballl League. Vick’s return to the NFL and a professionalp sports salary are deemed essential to his abilit y to emerge from personal bankruptcy withouyliquidating assets.
Vick filed for bankruptcy protectionh in July 2008listing $16 million in assets and $20 million in debt. A judged in the case has given Vick and his attorneys a July 2 deadlinew to come up with a reviseds plan to pay off the millions he oweshis Vick, once the highest-paid player in professional now makes $10-per-hour from a construction job he must maintaibn as part of his home confinement.
Saturday, October 29, 2011
Local home sales plummet 30% in May - Washington Business Journal:
region plummeted 30 percent in May despite indications more potential buyers are being draw n into the real estate market by low interesft rates and a federak tax incentivefor first-time buyers. A total of 554 new and existinfg single-family homes and condominiums sold inthe month, compared to 790 a year ago, basecd on preliminary figures released today by the . The overal median sale price fell 2 to $191,900, although prices were flat or rose in four of the six countiesd where most of the sales occur. The medianj price fell 7 percent in RensselaerCounthy ($170,000) and 4 percent in Saratogq County ($238,800).
The median price was unchanged in AlbanhyCounty ($205,000) and increased 6 percent in Schenectady County 13 percent in Schoharie Countyg ($148,500) and 39 percent in Montgomeruy County ($106,700). The median is the poinyt at which half of the prices were more and half were which is considered a better gaugee of the sales market than the The average price in May fell3 percent, to The May results don’t necessarily reflecy the activity in the market todayu since it takes two to thre months for a purchase contract to proceedc to a final closing.
“I will tell you it has been my experiencd that open housesare active, phonee calls and Internet leads are many,” GCAR President Sandra Nardoci said. “The feeling is that when buyerxs become confident that their jobs are secure our marketf will pickup rapidly.” GCAR Chief Executivee Officer James Ader has said the sales report that’sa compiled in July and released to the news media in Augus t will provide a good reading on how the spring market There is one potentially telling sign of a possiblse turnaround: the overall median sale pric e has increased steadily since rising from $171,700 to $191,900 in May.
When only existinfg homes are counted, total sales in May fell 26 That compares witha 3.6 percent declins in existing-home sales nationally compare to a year ago. The median sale pric for existing homes in the Alban region increased2 percent, to $185,000. the median sale price was $173,000, down 16.8 according to the . Albany County: 151 closedr sales, down 16 percent Rensselaer County: 53 closed down 55 percent Saratoga County: 163 closed sales, down 34 percenyt Schenectady County: 93 closed sales, down 11 percent Schoharie County: 14 close sales, down 22 percent Montgomery 20closed sales, no change
Thursday, October 27, 2011
AMD Q3 EPS, Revs Above Reduced Expectations; Shares Up 6.3% - Forbes
Reuters | AMD Q3 EPS, Revs Above Reduced Expectations; Shares Up 6.3% Forbes Advanced Micro Devices posted third quarter results Thursday that beat recently reduced targets, sending shares up more than 6% in after-hours trading. The Sunnyvale, Calif.-based processor designer reported earnings excluding items of of $110 million, ... AMD shares up on strong quarter, outlook AMD's profits, forecasts exceed projections, share price jumps AMD delivers solid Q3 in Read's debut |
Tuesday, October 25, 2011
Local home sales plummet 30% in May - Austin Business Journal:
region plummeted 30 percenrt in May despite indications more potential buyersz are being drawn into the real estatd market by low interest rates and a federal tax incentivefor first-timed buyers. A total of 554 new and existingf single-family homes and condominiums sold inthe month, comparerd to 790 a year ago, basedf on preliminary figures released today by the . The overalll median sale price fell2 percent, to $191,900, althoughu prices were flat or rose in four of the six countiezs where most of the salezs occur. The median price fell 7 percent in RensselaerCounty ($170,000) and 4 percent in Saratogza County ($238,800).
The median price was unchangedr in AlbanyCounty ($205,000) and increased 6 percenty in Schenectady County ($160,000), 13 percent in Schoharie County and 39 percent in Montgomery Countgy ($106,700). The median is the point at which half of the priceds were more and half were which is considered a better gauge of the salesz market thanthe average. The averag e price in May fell3 percent, to $213,820. The May resultsx don’t necessarily reflect the activity in the market today since it takes two to three months for a purchaser contract to proceed to afinal closing.
“I will tell you it has been my experiencre that open housesare active, phon calls and Internet leads are GCAR President Sandra Nardoco said. “The feeling is that when buyerxs become confident that their jobs are secure our markert will pickup rapidly.” GCAR Chief Executivse Officer James Ader has said the saleds report that’s compiled in July and releasedf to the news media in August will provide a good reading on how the sprin g market fared. There is one potentially telling sign of apossible turnaround: the overall median sale price has increased steadily sincse January, rising from $171,700 to $191,900p in May.
When only existing homes are total sales in May fell 26 That compares witha 3.6 percent decline in existing-homr sales nationally compared to a year ago. The median sale pricre for existing homes in the Albany regioh increased2 percent, to $185,000. Nationally, the median sale pricse was $173,000, down 16.8 percent, according to the . Albanty County: 151 closed sales, down 16 percenf Rensselaer County: 53 closed sales, down 55 percent Saratogaq County: 163 closed sales, down 34 percent Schenectady 93closed sales, down 11 percent Schoharie 14 closed sales, down 22 percent Montgomeryy County: 20 closed sales, no changed
Sunday, October 23, 2011
Yemen LNG Plant at Balhaf - National Yemen
National Yemen | Yemen LNG Plant at Balhaf National Yemen The explosion occurred at 00h30 on 15 October 2011 in a desertic zone at 75 KM North of Balhaf Liquefaction Plant. It caused no victims. The production has stopped but the loss of production is expected to be limited as the LNG Plant was due to ... |
Friday, October 21, 2011
Palm Beach County clerk cuts 66 employees - San Francisco Business Times:
million, or 18 percent, reduction in the office’ss budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact servicee levels at the Clerk’s seven Palm Beachu County locations,” she noted in the release. The required staffv cuts leave the office with fewer people to pursue and collect millions of dollars in unpaif traffic andcourt fees, which will lead to more budgety cuts. “It’s a vicious cycle designed to underfund us into she said.
Thirty-two employees accepted a buyout offer this montg and will leave June 30 with a full payout on theiersick leave, rather than the normal 25 percent to 50 percenrt offered under current terminatiomn policies. On May 29, an addition 34 employees were told during staff meetingsd that they were beinglaid off, effective June 12. They will receivew four weeks of pay. With thesw layoffs and the positions previously the office has cut 101positions -- 16 percentf of management positions and 12 percent of hourly positions -- in the past year. The Clerk Comptroller’s Office, which employs more than 800 in officews throughout PalmBeach County, handles the businessd arm of the court system.
Employees file and retrieve court documents, process fees and traffivc fines, and enter and maintain case informatiomn inthe court’s computer system.
Tuesday, October 18, 2011
Malaysia filmmaker takes on racial rows via food - Reuters
Malaysia filmmaker takes on racial rows via food Reuters "Nasi Lemak 2.0," by 28-year-old Namewee, is a comedy that parodies ethnic stereotypes about Malaysia's three main races, sparking national debate about a usually taboo subject. The film follows a brash young ethnic Chinese chef who is forced to ... |
Sunday, October 16, 2011
Richt says post-game incident dealt with - Atlanta Journal Constitution
ESPN | Richt says post-game incident dealt with Atlanta Journal Constitution Georgia coach Mark Richt said Sunday he has addressed Saturday's post-game incident with everyone involved in which UGA defensive coordinator Todd Grantham and Vanderbilt head coach James Franklin had an angry exchange of words. ... UGA defensive coordinator Grantham, Vandy head coach Franklin have words Georgia's Richt says he has not heard from SEC about heated exchanges after ... |
Friday, October 14, 2011
Wider, Wedgier BMW 3 Series Gets a 4-Cylinder Engine for 2012 - New York Times (blog)
New York Times (blog) | Wider, Wedgier BMW 3 Series Gets a 4-Cylinder Engine for 2012 New York Times (blog) Wedgier and wider, with a squat new kidney grille, the refreshed 3 looks more muscled in profile than its predecessor, although traditional design elements â" angel-eye halos around the headlights, circular dials on the driver-oriented dash â" appear ... 2012 BMW 3 Series revealed Technical Analysis: F30 3 Series Sedan First Look: 2012 BMW 3 Series |
Wednesday, October 12, 2011
Sonoma vintners uncork $526,000 for local charities - San Francisco Business Times:
The funds were raised over the Labor Day weekend at the 14th Annual Sonoma Valleu HarvestWine Auction, but have not yet been dispersed. Auctiohn highlights included a record-breaking $100,000 bid for a last vintag e of 2005 Merlot produced with grapexs grown by Bob Sangiacomo ofSangiacomoi Vineyards. Sangiacomo, a well-known Sonoma Valley died in April atage 68. The grou p raised $714,900 at the early September After paying forthe event's expenses, the remaininyg nearly $526,000 in donations will go to 14 locao charities, all based in Sonomza Valley. Over the past 14 years, the grou p has raised close to $5 million to benefit Sonoma Valley charities.
"We raised 30 percengt more thanlast year, far surpassing our expectations," Don the group's president and also president of and Vineyard, said in a Beneficiaries include , , , La Luz, , , , , , , , , and . Officiales said the vintner group'zs goals are to promote Sonomz Valley winesand grapes, suppor cooperation and collaboration among vintners and growers, and developp community awareness of the
Monday, October 10, 2011
Kannapolis honored for economic strategy - Sacramento Business Journal:
The city received the award in the category of Excellence in EconomicDiversification Strategies, which recognizes responses to plant closures and otherr economic dislocations, that promote economivc diversification. The competition is open to nonprofits; local, states and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturinfg jobs when textile manufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, California billionaire Davi Murdock announced plans forthe N.C. Research Campusw at the 350-acre former Pillowtex headquarters andmanufacturing site. The life-sciencez hub includes the participation ofDuke University, the UNC the N.
C. Community College System, other educational institutions andbusines partners. The total investment is expected toreach $1.8 Residential and commercial developments are rising arounc the campus with hopes of turning a former textile town, into a biotech center.