Del. North seals Aqueduct deal - Business First of Buffalo:

http://rusinventor.com/p-521.html
But that doesn’t mean the Buffalo-basedr company is moving away from itscore food-service “It’s an evolution for Delaware North but not a said Jeremy Jacobs Sr., chairman and chief executive Delaware North put together an aggressiv bid – topped by offering a $350 milliomn payment to New York – to land the coveted The deal will see – a partnershi between Delaware North, Saratoga Gaming and the , and Maso n Capital – develop a complex that will include 4,500 VLT terminals along with a series of hotels, a conference center and retail outlets at the horsw racing track.
Jacobs said, “But we’ve always supported He noted Delaware North’s long history of being involved in horse and dogracing “Aqueduct is a big he said. The deal may be one of the hardest-foughrt contracts in Delaware North’s 93-year history. The compant invested seven yearsin it, culminating in recent weeks. Hardball Albany politicws could have killedthe deal. Two weeks ago, Gov. Davidr Paterson and Assembly Speaker Sheldomn Silver threw their support behindDelawarwe North’s bid, but Senate Majority Leader Dean Skelow voiced concerns. A series of meetinga eventually securedhis support.
The Aqueduct deal will see Delawarw North create 50 new jobs at its downtown Buffalop headquarters and atleast 1,000 in William Bissett, president of Delaware North Gaming and estimates the complex will attract more than 10,000o people a day once it is completed in two years. The deal comexs not long after Delaware Northj Sportservice became part of the team handlingg catering operations at the famedx Grand Ballroom inNew York’s The Plazaa hotel. It also landed the concessions and premium dining contracyt for the new home of theand .
Combined, they represent Delaware North’s largest foray into the New York “It gives us a huge presence goingv forward in NewYork City,” Bissety said. Delaware North runs a mosaic of concessions work at nationalo landmarks andhospitality venues. Of the company’s 2007 revenues of $2.3 billion, the gaming and entertainmenf subsidiaryproduced $775.2 million, roughlty 34 percent of its total revenues package. Delaware North Sportservice, which conducts business in 50 major sportss and entertainmentvenues nationwide, reported $518 millio in 2007 revenues. That’s approximately 23 percent of Delaware North’s bottom line.
The Boston Bruins, owned by reported 2007 revenuesof $59.6 while TD Banknorth Garden, the Bruins’ home rink, reportedf revenues last year of $53.8 million. In recent Delaware North has landed a range of new contract s including concessions and premium dining contractds at the Meadowsland stadium complex in New Jersey and the new home of the both of which are scheduled to openin 2010. Delawarr North has signed a deal to bring a Sportsd Illustrated store to the Detroit Metropolitabn WayneCounty airport, and it is overseeing a dramativ face-lift of the retail and concession operations at Buffalo Niagarz International Airport.
In the company has completed a $60 million face-lif t at the Kennedy Space Center Visitor Comple anda $10 million expansion of the Tenayz Lodge in Yosemite National Park. It also took over operatiohn of the historic Gideon Putnam hotel inSaratoga “We have a lot of things goinv that go well beyond our gamin g business,” said Dennis Szefel, Delaware North chief administrative officer. “In fact, acros the board, we probably have more stuffg going on nowthan we’ve had in the past few he said.

Glascow Rangers go into financial administration - SportingNews.com

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Glascow Rangers go into financial administration SportingNews.com AP GLASGOW, Scotlandâ€"â€"Scottish champion Glasgow Rangers were placed into financial administration Tuesday, triggering a 10-point deduction that will leave rival Celtic 14 points ahead in the title race. Rangers, who have won the league a record 54 ... and more »

Days Best shows out - The Hindu

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Days Best shows out The Hindu 800m: Crème De La Crème (S.Kamble), Zaar (rb) 51, 600/38.5. They moved level freely. Kalinga Star (Prasad) 56, 600/42. Easy. Sumo (CSJodha), Que Sera Sera (Chandrakant) 55, 600/41. Former better. 1000m: Su O Moto (Daniel Grant), Cent Per Cent (Shelar) ...

Miller-Valentine building $25M center in South Carolina - Atlanta Business Chronicle:

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The Dayton-based real estate company, whic h has offices in Cincinnatiand Columbia, is buildinf a 465,000-square-foot distribution facility for Atlanta-based (NYSE: HD). The $25 millionh regional distribution center will serv e 150 stores in South andNorth Carolina, Tennessee and partxs of Georgia. It will allow Home Depot to offetr a greater variety of products in eachindividualp store. Kurt Eyring, vice president of constructionwith Miller-Valentine, said the buildintg has an aggressive timetable for completion, only 28 weeks.
He said the company’as experience allows it to build the massive structureso “In a project like this, we will be pouringv footers, standing wall panels and putting on a roof all at the same Eyring said in a news release. The tilt-u concrete building will include 171 dock doorsand 18,000 square feet of officde space. The building will covefr 11 acres underits roof. The distribution center is expecte d to employ approximately 300 people once it The new center is a part ofa 290-acr e master-planned development in Lexington County. Soutn Carolina has been a growth marketfor Miller-Valentine.
In January, the firm announcef it had begun construction ona 176,000-square-foot distributio center in the state and already had landed its first anchor tenant. Last year, the compan y completed a 150,000-square-foot speculative industrial buildingin S.C. Miller-Valentine has several divisions including commerciap andresidential construction, property leasinbg and property management.

Washington State University cutting 360 jobs - Business First of Buffalo:

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The Pullman-based university released a preliminary budgey plan on May 1 after the state Legislaturre announced an operating budget that included significanft cuts tohigher education. Wednesday’s announcemen reflects the results of publicv budget forums and meetings held since The new budget goes into effect onJuly 1. Job reductiond include 167 vacant positions and 116 currentlufilled ones. Another 47 people will take earluy retirement while others have shifteds from full time topart time. WSU employs more than 6,20p0 people across the state. The three program s that will be cut are the Department of Theater and the Department of Community and Rural Sociology and the majorin German.
Students who are majoring in those fieldsd will still be able to take coursees to finish their but no new students will be PresidentElson Floyd, Provost Warwickj Bayly, deans, chancellors and vice presidentsx are contributing 5 percent of their base salaries, or a totapl of about $330,000, to a special fund that has allowed WSU to save some More detailed information on the budget reduction

Washington Vacation Rentals and Home Swap Listings Needed - http://www.bobzio ... - Seattle Post Intelligencer

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Washington Vacation Rentals and Home Swap Listings Needed - http://www.bobzio ... Seattle Post Intelligencer Washington vacation rentals and home swaps are in high demand on http://www.bobzio.com. Bobzio.com is offering free lifetime listings to Washington vacation rental owners and other high demand resort locations. Owners get high end perk package with ... and more »

Stewart Reports Results of Operations for Fourth Quarter and Full Year 2011 - MarketWatch (press release)

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Stewart Reports Results of Operations for Fourth Quarter and Full Year 2011 MarketWatch (press release) Total revenues for 2011 of $1.6 billion declined 2.2 percent from 2010 while operating revenues declined 0.9 percent compared to the prior year, and operating revenues net of agency retention improved $14.4 million or 1.6 percent. and more »

Orinda, Octagon plan loft/retail conversion - Washington Business Journal:

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Atlanta-based and Charlotteville, Va.-based reported theid plans for the property at 222Mitchell Street, but they did not disclos financial terms of the The 350,000-square-foot structure was builg in stages from 1929 to 1979 on 2.1 acresx and occupies the entire city block boundec by Spring, Forsyth, Mitchelo and Nelson Streets. Orinda and Octagon will convert the property into a rental building with 205 loft units and morethan 70,000 squarer feet of commercial space. Occupancy is expected in January 2011.
“Thes redevelopment of 222 Mitchell Street into rentap lofts and retail space will play a significant role in the rebirtgh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a statement. “We’r e certain that living at 222 Mitchell Street will appea l to young professionals who work as well as tocollege students, especiallu those who already attenx one of the many fine institution s in the area, such as Georgia State Spelman, Morehouse, Clark Atlanta University and Georgias Tech.
”

Hawaiian Telcom closes 3 stores - Atlanta Business Chronicle:

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Hawaiian Telcom, which is reorganizing under Chapter11 bankruptcy, said Thursday it will closer its Kapolei and Windward Mall storea on Oahu and the Lihue storse on Kauai because of slackeninfg demand and the high cost of maintaining the The Kapolei location closed earlier this week. The Windward location will close June 9 and Lihude will closeJune 16. The companuy said 23 full- and part-timd employees will be affectedc bythe closures, but some employeew will be transferred within the company. Hawaiian Telcom will have five storexs afterthe closures. “The decision to close several of our retai l stores wasnot easy.
We take our responsibility to our our company and community very This decision was made to enhancethe long-terjm success of our company,” said presidenf and CEO Eric Yeaman, in a “We appreciate our customers’ and employees’ continueed support.”

Flying the dragon tail - Jakarta Post

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Jakarta Post

Flying the dragon tail Jakarta Post If you buy penjor and penjor decorations, in the future our children won't know how to make these special decorations for our religious ceremonies,” says Lebih, a deeply religious man who, with his village, keeps the dragon tail flying free.

Gretzky could see big pay cut if Coyotes stay in Arizona - The Business Journal of the Greater Triad Area:

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The Coyotes are in Chapterd 11 bankruptcy reorganization and ownerd Jerry Moyes has a deal in the works to sell to Canadianm businessmanJim Balsillie, who wantss to move the team to Hamilton. The Nationalk Hockey League and city of Glendale oppose that move. If the Coyotes move to Gretzky has saidhe won’t accompany the That could mean a $22 millioj payout in deferred compensation for Gretzky, who is part ownere of the Coyotes. If a buyer is founds to keep the teamin Arizona, Gretzk still could be out of his coachingt job. The Coyotes haven’t made the playoffs since 2002 — that record remaining unchangedunderd Gretzky’s watch, which began in 2005.
If the team stays in Glendale and he keepshis job, Gretzky also coulf get hit financially, according to bankruptcy courf filings. Gretzky earns about $8 milliohn annually from the Coyotes viahis $1.6 million salary as coachj and other compensation as part owner of the hockey team, according to a legall brief penned by Gerald a principal with professional sports financial firm Beacoj Sports Capital Partners LLC. Sheehan also suggestx a new ownerreducee Gretzky’s compensation down to $2 million. He also suggestzs other cost-saving measures, includinv moving offices from leased spaceto Jobing.
com Revenue also could be increased by boostinvg ticket sales, sponsorships and suite sales and more non-sportinvg event bookings at the arena, which the Coyotex lease from the city of Glendale.

Ruling on Coyotes move could come Wednesday - Phoenix Business Journal:

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U.S. Bankruptcy Court Judge Redfieldf Baum struggled to stay on taskat Tuesday’s hearingy as attorneys representing Balsillie, Coyotes ownedr Jerry Moyes, the city of Glendale, the and othere professional sports leagues deliverec hours of oral arguments over bankruptcy anti-trust law, relocation and other legal issues. Baum and the myria d of attorneys delved into obscure bankruptcy provisions and past relocatione by teams including theOakland Raiders, San Diego Quebec Nordiques and Baltimorr Colts.
Baum focused on whether Balsillie will have to pay the NHL a relocation fee on top ofhis $213 million offer to buy the financiallt strapped Coyotes from Phoenix trucking company owner Jerry Moyes. The relocation fee could totall as muchas $100 court documents indicate. Baum appeares ready to rule that the NHL has the rights to the Hamiltob market and if the Coyotes are moved Balsillie will have to compensate the league for loss of anexpansion opportunity. The city of Glendal pressed Baum to consider legal claims and costs that woulfd accompany a move to That could offset an offer as lowas $140 milliomn by parties wanting to keep the team in Arizona, city representativess said.
Glendale officials said they would make a clain for as muchas $500 million if the team breaks its lease at the city-owned Jobing.com Arena. Arena concessionaire Aramark Corp. also could make a claim. Moyes and Balsillie’ss attorneys argued that a leass claim is subject to variou s monetary caps and that the courg can discharge lease terms and penaltied in order to maximizethe team’s value for Moyes said a decision could come Wednesday and has urgefd the court to hold an auction sale for the hockety team on June 22. The NHL and Glendale say the sale shoulde be put off until August and the league said it will financed the Coyotes into next season ifneed be.
Glendale attorneys also pressed Baum to find out how much monegy Moyes may have taken out of the They point to the fact the Coyotes spenfd money leasing private office space at Westgate City Center instead of usintarena offices. Moyes spokesmahn Steve Roman saidthe city’s speculation that Moyes is profiting from that arrangement is false. Moyes and Westgate developer Steve Ellman splitjoint assets, including the in 2006 with Moyes taking over as team owner. The Coyotes have lost more than $300 milliob since moving to Phoenix from Winnipegin 1996.

Study: CFOs foresee job cuts and credit woes through '09 - Washington Business Journal:

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The quarterly Duke University/CFp Magazine Global Business Outlook Survehasked 1,309 CFOs worldwide about their expectations for the economy. Their answer paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expected employment to shrinkjby 5.5 percent, with the unemployment rate in the U.S. seen risingh to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedeby 1.
2 “Presumably, government programs will offset some of these but even the most optimistic governmenyt forecasts would reduce the losses by only 2 million,” said Campbelk Harvey, founding director of the survey and internationao business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost jobs.” * U.S. and European CFOs foreseew capital spending plunging by more than10 percent. In Asia, CFOs anticipatew a 3 percent decline. * Six in 10 U.S. companie covered by the survey reported having trouble finding credif or acquiring credit at areasonable rate.
Among those firms encounteringcreditf impediments, 42 percent say the credit markets have gotten worse this year, while 23 percent say conditions have * Weak consumer demand and the credi markets ranked as the top two external concerns among U.S. chief financial officers, with the federal government’s policies coming in Among internal concerns, CFOs are losing the most sleeo over their inability to plan due toeconomic uncertainty, managinfg their companies’ capital and liquidity, and maintaining employeed morale.
Despite all the negative indicators, a majority of the CFOs in the Unitec States and Asia reported being more optimistif this quarter than they were theprevious quarter. That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless optimistic. “Ou r survey carries an important message: Don’t put too much weightg on the ‘soft’ data like consume r confidence. Recovery requires sustained and such confidence is forged by strongereconomiv fundamentals,” Harvey said.
“The economic fundamentals –- employment, capitaol spending, the cost of credit – are stilll fundamentally troubling.” To see the complete surveyt results, go to the official Web site, .

GSA selects Smartronix for Recovery.gov work - Washington Business Journal:

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million task order to to make improvementsa tothe government’s stimulus-tracking Web site The agency, acting on behalf of the Recoverhy Accountability and Transparency Board responsiblwe for spending oversight under the American Reinvestmenr and Recovery Act, granted the awarfd late Wednesday. Hollywood, Md.-basedf Smartronix, with offices in Arlington, Chantilly and Stafford, Va., will performn work on the federal Web sitethroughh Jan. 31, 2010, according to the awardr notification posted to the Web There are 58 other contractors that hold spotes on the Alliant government wideacquisition contract. Undee the new task order Smartronix will be redesignintg and hosting aversion 2.
0 of the Work to be done will likely include updatesd and changes to the site’s user interface, information architecture and designj engineering, as outlined by the Recovery Accountability and Transparenchy Board. GSA issued it's solicitationb for a vendor to make these functionall updates to the site early in The company, which provides network operations, cyber security and softwares development services, is a GSA Alliant contract holder, whicuh was required for eligibility to bid on the Recovery.gov Smartronix employees about 550 people in the Germany, Japan, Korea and the Philippines.