Sunday, January 13, 2013
Bowling Hall of Fame to move to Arlington - Dallas Business Journal:
The new Museum and Hall of Fame will be locatedd in a new development that willhouse bowling'as two national entities, the and the . As part of the plannec move, the IBM/HF reached an agreement to sell the existing hall andmuseujm structure, which also is home to the St. Louiws Cardinals Hall of Fame Museum, and its land to the Ballparmk Village partnership consisting ofthe St. Louis Cardinals and the Cordisg Co. The IBM/HF had two offers to move its according to the United StateBowling Congress. "Ballpark Village presentesd a wonderful opportunity for the Hall of Fame to relocatee within Ballpark Village in the general vicinityu of itscurrent location," the organization said.
"Inn the end, however, the trustees felt it was best to honofr the strong desire of the bowling industry to havethe IBM/HF join the othetr major national bowling entities in a new consolidated headquarterds at 621 Six Flags Drive in The new Hall of Fame in Arlington will be on the firs t level of the 103,000-square-foot building sharedf by USBC and BPAA. The Hall of Fame is expectesd to reopen in Arlington withij18 months.
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Saturday, January 12, 2013
Zoey Deutch Joins Real Mom Lea Thompson on 'Switched At Birth' - Just Jared Jr.
Just Jared Jr. | Zoey Deutch Joins Real Mom Lea Thompson on 'Switched At Birth' Just Jared Jr. The 18-year-old actress will be guest starring in at least two episodes, THR reports. Zoey will play Elisa, an attractive young woman whom Toby (Lucas Grabeel) meets while campaigning for his father, John (D.W. Moffett). You'll be able to catch Zoey on ... |
Thursday, January 10, 2013
Bullitt build out: Cedar Grove, Salt River business parks are popular destinations for major distribution centers - Business First of Louisville:
They're often surprised to learmn that Bullitt County actually containzs several bustlingbusiness parks, a growing retail sectore and upscale subdivisions springing up near an 18-holee golf course. "You normally don't think of Bullitt County this way," said Bob executive director of the Bullitt County EconomicDevelopmenft Authority. The county has mushroomed from 47,500o residents in 1990 to an estimaterd 75,000. And the county, which is bisected by I-65, also has grown into a thrivingdistribution hub, as some of its majot business parks are just about 16 mile from Louisville International Airport.
Cedar Grove and Salt River busineszs parks straddle either side of Kentuckyt 480in Shepherdsville, and they contain many of the area's newest light industrial/distribution tenants. The two business parks are also withijn 25 miles or less ofinterstated 65, 265, 64, 71 and 264, making them especiallyg advantageous for companies that need to move products Salt River Development Co. LLC, the original developer of Cedar purchased 420 acres of farmlane in November 1998 that became the business In thelate 1990s, the area lacked heavy water lines and widened roads to accommodate truck traffic, said Jesse Flynn, a principal in Salt Rive Development.
After the infrastructure was out-of-state builders and developers builta 400,000-square-foot distributiomn center on 25 acres that was leasexd to Illuminations, a California-based candle company, in 2001. That companty went bankrupt and its Kentuck location closedin 2004, but that certainl y wasn't a portent of things to A new tenant, , a King of Pa.-based sporting goods dealer, located in the buildinf in 2004. The e-commerc fulfillment and distribution firm has300 full-times employees, with seasonal increases. In the intervening a number of distribution centerss have sprung up inthe park, where abougt 2,065 full-time workers are now employed.
"The Cedar Groved Business Park has met or exceeded everyg expectation we had inthe beginning," said Patricmk Flynn, Jesse Flynn's brother and another principap in Salt River Development. Jesse Flynn said he attributew the popularity of Cedar Grove to its proximityto I-65 and to UPS'e distribution operations. "It's been done on a first-class Flynn said of the development. "The facilitiesw are first class, the landscaping, and the businessee are first class." Another 85-acre addition to the park was purchasedf about three years ago by Salt River and 150 acres were purchased in 2007 for a totao of more than 650 JesseFlynn said.
"With the new 150-acred expansion and the improvements scheduledf for CedarGrove Road, we see a bright future for the communitiese of Shepherdsville and Greater Bullitt County," Patricjk Flynn said. That tract is under contracr with anational user, said Jesse who declined to release the name. Engineeringy work has begun and infrastructure will be put in this with the first building constructed in the he said. Just 22 acres of the originalp 420 acres in Cedar Groveremain undeveloped, Jesse Flynj noted, and about 3.3 millionm square feet of light industrial and distributiomn operations have been built in the wholes business park.
Wednesday, January 9, 2013
Relief evident in St. Paul, as NHL hockey is set to return after long lockout - MinnPost.com
Relief evident in St. Paul, as NHL hockey is set to return after long lockout MinnPost.com Relief evident in St. Paul, as NHL hockey is set to return after long lockout. By Joe Kimball | 10:41 am. St. Paul Mayor Chris Coleman wasted no time Sunday lauding the announcement that the NHL owners and players expect to return to action after ... |
Tuesday, January 8, 2013
American Financial trims stocks, but mortgage securities a concern - Business Courier of Cincinnati:
has taken a more conservative stancwe with its investments in the past just as the stock market The downtown-based property and casualtuy insurer controlled by the Cincinnati financier and his familg has been slashing its common stock holdingxs over the past year. It had $209 milliomn in common stocks at the end of thefirsf quarter. That’s down sharply from $751 millioh at the end of 2007. Some of those are in privatre companies. But it cut publicluy traded stocks, too.
“Over the past year, we’ve substantially reduced our holdings to lessthan $50 millionh in publicly traded common equities,” Co-CEO Carl Lindne r III said in a May 5 conferenc e call to discuss Some of that was no doubt a result of a sharpl drop in the value of most stocks. But it was also a consciouse move to reduce exposureto stocks. “It was a very deliberatre move,” said Richard an analyst at who tracksAmerican “The move to safety to improved the portfolio’s liquidity was probably a good move.” As Americahn Financial sold off some stocks, it has pumped up its cash Its cash jumped by one-third in a year, to $1.
3 That’s a lot higher than most propertyh and casualty insurers, Birge said. Less stockd and more cash. Sounds safe, right? Not so Equities make up just 2 percent ofAmerican Financial’ws investments. Eighty-five percent are in But just two-thirds of those bonds are rated AAA, AA or A. Beyond that, it has a hefty exposure to mortgage-backee securities. About half of its unrealizes fixed-income losses – more than $1.1 billionn – are in those often-troubled investments, Birgwe said. If American Financial sold those now, it woulsd take big losses, Birge said. But its cash givex it a cushion.
“That gives them the ability to ride out the marketg and see if they can recousome losses,” he said. That mortgage-backer exposure causes Birge to put a high amount of uncertainty onhis “faidr value” estimate of $30 a share for Americamn Financial’s stock. It closed May 12 at Others are mixed. Only thre brokerage analysts followthe stock. Two have a “strong buy” ratingv on it, while the othe has a “hold” rating. Meanwhile, an insider sale of stoc k might make investorstake notice. Lindner III sold 590,0090 shares for just over $20 each from May 6 to May 8, generatinhg $12.1 million. The salexs came just after the stocok jumpedfrom $17.
91 to $20.49 May 4 and May 5 afterf it posted first-quarter Executives typically can’t trade betweenh the end of a quarter and the time earningw are released, so the timingv isn’t rare. Lindner still controlsw 11.3 million shares. “That was a standard diversification effort he has doneover time,” Scott Beeken, Americah Financial assistant vice president, “That was an open window, so it was the best time to do ’s soaring stock launched a surge in optionas activity. The stock leapt 59 percent May 8 after results ofthe government’s stressw tests were released, hitting $8.49.
Options traderzs immediately piled into the markeyt to try to gain from the Investorstraded 45,000 put option contracts, which are bets the stocm will fall, and 55,00o call options. The total tripled the usua l option volume. Options with a $7.50 strike price that expire May 15 were the most popular on both saidJoseph Hargett, of Blue Ash-based No matter which way the stocj moves, some options investors are goinfg to be happy.
Sunday, January 6, 2013
After spending time on sidelines, ladies thrust back into job hunt - Business First of Columbus:
But soon the family accruecd medical bills and both childrenb attendedexpensive all-day kindergarten. “It was the thought of coming backto work,” she As luck would have it, she ran into her formere boss who now worked for Acloché. The 38-year-olxd Short was hired as an executive recruiter at thestaffing firm. Shortf said balancing a career with meeting the needz of two young children and a husband is ajuggling act. “There are days when I wish I could’vse stayed at work for another hour and a she said. “But it’s good to be back in the adulrt world.” Anne Richardson realizes now that she was luckyy she returned to the work force whenshe did.
Her plan to stay home with her children untilher youngest, now 4 yearx old, was ready for kindergartenb was part of a divorcd agreement. But her ex-husband’s circumstances alimony diminished, and Richardson updated her resume. It had been six yearsd since the 34-year-old was program coordinator for in Virginia andshe wasn’t preparedf for how difficult it would be to find a job She sent out the but made progress only when she pounded the pavement. “The only thinbg working was personal contact,” she said.
She visited temporaryu employment service and was placed in a majof Columbuscompany – which requeste not to be named – as an accountt manager in its sales support department. The toughesyt challenge for Richardson was accepting that she stoof on the very lowest rung of the company ladderd even with eight years experience atFreddie Mac. “I was goinf to have to start atthe bottom,” she Explaining to her 4-year-old daughter why she’ not home wasn’t but Richardson has faith her daughte will understand that life doesn’t always go as
Saturday, January 5, 2013
Switzerland's deep freezer - swissinfo.ch
Switzerland's deep freezer swissinfo.ch La Brévine. Switzerland's deep freezer. La Brévine is officially the coldest place in Switzerland. In 1987 temperatures in the village dropped to -41.8 Celsius. This chilly record has inspired locals in the remote region to market the image of 'Swiss ... |
