“The Weeping Woman” Set for World Premiere; Soundtrack Now on iTunes - PR Web (press release)

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“The Weeping Woman” Set for World Premiere; Soundtrack Now on iTunes PR Web (press release) “The Weeping Woman,” the latest short film from award-winning director Mark Steensland, will world premiere at the Motor City Nightmares Film Festival in Detroit on April 16th, 2011. “The Weeping Woman,” the latest short film from award-winning ... and more »

Port of Longview to break ground on $150 million grain terminal - Portland Business Journal:

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The terminal will be the product of EGTDevelopmeng LLC, a joint venture between St. Louis-based Bungew North America, a divisionj of Bunge Limited (NYSE: BG), Japan-basedr Itochu Corp., and Korea-based STX Pan Oceaj Co. The new facility, which officials have estimated to costaround $150 million, will be capable of handling grain, oilseeds and protein It will have a rail loop track unloadinf system capable of holding 110-car unit as well as a shuttle train syste and the capability of unloading barges from the Columbis River. Work begins this month with the facilit y accepting product for the fall2011 harvest.
Once fully operating, it will be capablre of handling more than 8 milliojn metric tons ofproduct annually. Bungs officials say the facility will provide 50 jobs andabougt $2 million in tax revenue to the Longvieww economy. But others, particularly existing grain terminal fear the new facility will siphoj work away from existiny operators rather than increasingregional exports. Bunge officials, believe there is a need for additionall capacity in thePacific Northwest.
“The Pacific Northwest is already the second largesrt export corridor in Northg America but additional capacity will be needed to meet the growingv demand for agricultural productsin Asia,” Carl Hausmann, Bungew North America’s president and CEO, said in a news “All three partners currently ship to the Pacific Rim and this facilith will be well-positioned to create a more directr and stable supply base so that we can better serves our operations and customers in

Some temp employees find jobs were temporary - St. Louis Business Journal:

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Milwaukee-based Manpower International recently closed two officeain St. Louis. Corporated Staffing Resources ( ), a bankruptt Indiana-based company, closed its Hamptonh Avenue office in June and its Maryland Heights office a fewweekx ago, after Indiana-based PeopleLink Staffing bought substantially all of its Todays Office Staffing, based in Philadelphia, closed its southh St. Louis County and Hazelwood offices here, leavingt it with six offices here, confirmed district manager Mark The closings also were part of reductions in othr He said had he no information on local SpherionWorkforce Architects, ranked by the St.
Louis Business Journao as the area's largesgt temporary staffing service basedon full-time office has closed three of its 19 offices but said its business is "strongerd than ever." A company spokeswomabn said all but two employees were absorbed into other offices. Some companieds have exited the market Dunhill Staffing Systems closedits St. Louis office Aug. 17, according to a recorded messags ona company's answering machine. Industriak Personnel Services, a small firm with two offices went out of business a fewmonths ago, sources said. The locakl franchisee for Fresno, Calif.-basec Pride Staff closed his officein St.
confirmed the company's regional vice president Jeaniner Calcote. Not everyone is suffering. Sue founder of Pride Personnel, a 100 percent local firm with no relation to Pride saidthe company's local roots and stability help it weather bad times. "We know the local businesds climate. The staff does not get transferrede orpromoted out," Huber said. Dick Barber, co-owner of the localo Express PersonnelServices franchise, whicbh has three offices here, claims his offices is having a banner Volume is up 50 percent compared with 12 percent to 15 percent decline nationally for the Oklahoma-based parent companyy and an industry decline of roughly 20 percent.
He attributed his succesx to aggressive selling and a good mixof clients, including an automotived parts supplier whose business is way up. "The industry is really contracting," Barber "First off it is the economy. The othed big issues are workers' comp and Workers' comp can really bring a companyy down." Bob Byrne, district manager for Kelly Service Inc., said all 12 Kelly officez remain open and the compant has not let goany staff. The St. Louiz office consistently ranks in the top five or six of 41 districtd inmajor markets, he said.
"Saless are down slightly over the prior Byrne said, "but compared to a lot of our competitors, we are faringv very well."

SBA chief: Lending up, long road ahead - Baltimore Business Journal:

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Brown is a a sixth-generation family-ownedd business with 47 employees andabout $6 million in revenue last year. It worked with to secure a $2 million loan to buy its headquarterasin Columbus. President Rob Hunt said the company sidestepped payingabouft $65,000 in fees after the SBA instituted a temporaryu waiver for businesses that borrow through its flagship 7(a) program. Owning the company’zs headquarters outright brings long-term he said, which would have been hard to find withourtfederal backing. “Banks aren’t doing conventional loans right now,” Hunt said.
“We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mills are making a difference in a short amounr of time: More lenders are getting into the fray whild SBA-backed loan volume is up more than 25 percent since the passage of the stimulux bill. That translates to nearly $4 billion in guaranteed $113 million of which went to Ohio But it’s making small businesses aware of the programs on hand that’w the key challenge going forward, she “All of these things take time,” Millsw said. “Small businesses are busy runninttheir business.
” In addition to the waived and an increased guarantese of 90 percent on 7(a) loans, the SBA also has offered a surety bond guarantee of $5 up from $2 for businesses competing for federal On June 15, it’s rolling out a program dubbed America’s Recovery Capital, which offers loans of up to $35,00p for businesses struggling to make debt Those loans are fully guaranteed and have a deferred paymenrt schedule. And next the SBA will begin offering guaranteed loansd to finance inventory for automobile dealers througgSeptember 2010.
Mills said she’s confident the agency has the rightg tools in place for smallbusinesses – and the outlook on the economy hasn’t hurt either. “The sense from small businesses and otherds is that the free fallhas stopped,” she “But we still have a ways to

Fitch cuts UCBH rating as bank suspends dividend - Business Courier of Cincinnati:

http://bostonfacilitators.org/April1.htm
The troubled bank also hired a financiapl adviser to assist withcapital planning. Fitchh downgraded UCBH’s long-term issuee debt ratings to CCCfrom B-plux on Tuesday, citing the bank’sd decision to defer dividend payment on hybrid securities. The deferral includez payments onits $298 millionb of preferred stock issued to the U.S. Treasury under the Troubled AsserRelief Program. “While the holding company presently has sufficienft cash resources to paythes dividends, Fitch believes that future dividend paymentds would have likely been restricted,” Fitch said in a “Given UCBH’s financial pressures, Fitch anticipates that the company will likelyt be subject to regulatory action, which would potentially weaken the parent company’zs financial profile further,” Fitch said.
The ratings agenchy said the bank remains highly exposed to commercial real estatse introubled markets. Fitch notes that UCBH UCBH) remains in discussions with , a majo shareholder, about a capital injection. But beyond UCBH would have trouble raising substantial capital onWall “The challenging economic and operating environmenf calls for difficult decisions and a specififc action plan that puts UCBH on a solid foundatio for the future,” said Thomas Wu, chairmah and CEO of UCBH. “W continue to work toward completintg our financial restatements in thecurren quarter.
“By conserving and building capital, focusing on our core bankingh businesses and continuing to provide exceptional service toour customers, we will be in a stronger position to realize our long-tern growth potential,” Wu said. UCBH has been struggling with residentiall construction loans in Southern The bank’s shares recently changed hands at $1.21 aftetr trading over the past year between $1 and UCBH, with $13 billion in assets, has built a globapl presence with offices in key U.S. citiea and in China to serve the Chinesde communities in the United States and American companiess doing businessin China.

Rally set for Friday in DC protesting Saudi military's incursion into Bahrain - The Republic

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As white-hot nursing market cools, a job is no longer a sure thing - Baltimore Business Journal:

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Business at agencies like his coulr drop further as more hospitals rely on their own staff to help cut Hospitals can pay more in hourly wageds for agency nurses thanfor hospital-employe d staff. Over the next will drop the numberof full-timr nurses hired from staffing agencies by half, to abouyt a dozen, hospital spokesman Justin Paquette said. That is becauser more nurses are staying on boared because they want thejob security, rather than contractinyg with an agency that assigns them to differenrt hospitals. “There are nursing jobs out there but employers arebecoming pickier,” said Caro Raines, a dialysis nurse at an outpatientt center in Baltimore.
When she graduated from the Community Colleges of Baltimore County in Catonsville threeyearse ago, no one had trouble finding a job. Rained handily got a job and a signing bonuw to workat ’s Shock Trauma unit. That is not the case for some nursinghstudents today. “Some are of our gradws are getting jobs,” said Rosemary a nursing teacher at and president ofthe . “But they have to work a littler harder.
”

NAIOP names Highwoods Properties 2009 Developer of the Year - South Florida Business Journal:

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NAIOP will present the awardf to Highwoods President and CEO Ed Fritscghat NAIOP’s annual meeting Oct. 15 in The award, which has been presented annually since is given to a member company that best exemplifiesx leadership and innovation in the commercialo realestate industry. A five-member committee of industry peersx selectsthe winner. Past winners included of Malvern, Pa.; ProLogis of Colo.; Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoodws (NYSE: HIW) is a publicly held real estatew investment trustthat owns, or has an interesty in, 382 properties in North Carolina, Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of office, industrial and retail space and 580 acres of development land. In Highwoods reported revenueof $461 million. Sincde January 2005, Highwoods has delivered $633 millionj worth of office and industrial propertiesencompassing 4.1 million square feet, including downtown Raleigh’s talles building, the RBC Plaza office and condominiuj building. In 2009, the company’s goals include continuingt to upgrade the quality ofthe portfolio, delivering $93 million of new development and selling $50 millionb to 100 million worth of older, non-corew assets.
“Highwoods is clearly a leaderf in both the real estate and generallbusiness communities, proven by its ability to outperform no matter what the real estate cycle,” said Thomas J. Bisacquino, NAIOP’s “Highwoods is recognized throughout the industry for its developmentf ofoutstanding projects, and it is NAIOP’s privilege to recognize the company for its contributions to both the real estatw development community and NAIOP.
” NAIOP, the commercial real estate development has 15,000 members in North

High-end home sales in Charlotte on hold - Business Courier of Cincinnati:

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million mansion in Myers Park. With its marbled floors and wine the 5,700-square-foot spec home on Queens Road West was builtf long before the financial crisis reshaped Charlotte’s economixc landscape. It might get two showings a but so far no offers close to theaskinh price. For Realtors such as Mitchenefr and the sellersthey represent, this is the new realit for high-end homes. It’s a segment of the real estate markef that has been painfullyslow — and which expertse say is holding back a broadetr housing recovery. The number of home sales above $750,000, or those consideredf high-end by the , has plummeted. And for multimillion-dollar things are even slower.
“Yoh barely even get a showing onthose properties,” says a co-owner of real estater firm . While Realtors say they are startin g to see a thaw for homez at the lower end of theluxury market, the numbersz for the Charlotte area have been stark. Accordinb to data from the , only 75 homex priced above $750,000 sold in the firstg quarter inthe 10-county service area for That’se down 54% from the 162 propertieds sold in the first quartee of 2008. And it’s down 69% from the 245 sold in the firsty quarterof 2007.
That’s a more dramatic slowdowhn than the real estate market which sawa 38% drop in closing s in the first quarter from a year according to the association. And the higherf the price, the worse it Charlotte real estate consultant Chuck Graham notes that in a total of 490 homes pricecabove $875,000 sold in Mecklenburg and seven surrounding counties. In this year’s first that number was 39, putting the markeft on pace for just over 150 such closingethis year. That’s a 70% plunge. The high-end real estate Graham says, is “reallh in more difficult shape than theoveralk market. And the higher you go up in the more distressedthe market.
” He believed the slowdown stems in large part from the downturjn in the financial-services industry and the impact it has had on would-bd buyers of luxury homes. “All the highest-paying jobs in the marketf are the most distressed at the Marilyn Hartley, whose firm specializes in neighborhoodsx such as Myers Park, Eastover and says activity has startef to pick up. Still, the near collapse and sale ofWachoviaz Corp. has had an outsized impact on high-end she says. “It really crushed us,” Hartlety says. “Wachovia going down really hurt Charlotted as far asthe high-end market They just let so many people go, and there’s so many houses on the market.
You woulf think it would be a buyer’s but the sellers need that so they’re holding out for it. It’sx tough.” Hartley says deals have closed recentlyg on some homes inthe $1.4 million to $1.5 millio range, “but none of the great big ones have sold.” According to the National Associationb of Realtors, the nationwide supplgy of homes priced above $750,000 has risenm to 41.1 months from 18.7 monthsw in 2007, and sales are only half of what they The trade association contends the rates on jumbop mortgages, or those above are part of the proble because they remain higher than the rates on conforming loans, or thosde beneath that threshold.
“Lenders are keepingv credit standards overly stringent for borrowers at the highee end of the market and are increasinglty reluctant to makejumbo loans,” NAR chief economisft Lawrence Yun said last month.

Report: Zell might lose reins of Tribune - Pacific Business News (Honolulu):

http://eirteic.com/index.php?article=Eirteic_opens_New_SA_office_PR
According to the report, the companyu might fall into the hands of a grouo of banks and investors thatholds $8.6 billion in senior The report says that "the plan centers on a debt-for-equitty swap that probably would give the senior lenderw a large majority ownership stakwe in the reorganized company." The plan wouls also likely wipe out a $90 millionn warrant that Zell holds that woul d give him the right to buy 40 percenf of Tribune for about $500 million. The report says that Zell'w future in the company would likely be determinedc bythe group, as it is uncleatr if the group would want to bring in a new or if Zell himself would want to remaibn with the company.
The report says that "sources close to both the creditore and the company said it is too early to make such decisionsx and Tribune management continues to control the process becaused it currently has the exclusive right to proposer whatever reorganization planit wishes." Tribune through a buyout led by The deal left the company with nearlgy $12 billion in debt. Tribune has sold off asset and cut jobs since the close of the deal to help with the debt Thecompany .

Report: 2008 a disastrous year for IPOs - Triangle Business Journal:

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The study by Greenwich, Conn.-based shows that the unprecedenteds financial crisis caused global IPO issuance to grindd to a haltby mid-year. What’z more, the companies that did manage to completer their public offerings saw their stocksw declinein value, with average new issueds down 38 percent globally and U.S. companiesx staging IPOs seeing a 32 percent decline invalue . Although theser returns were in line with thebroader indices, investors were discourages by negative absolute returns and avoided further participation in IPOs. At the same companies that were not in dire need of financing postpones offerings instead of accepting the lower valuations demanded by potential buyers.
After 93 global IPOs in the firsrt half ofthe year, only 25 companies were able to raisee more than $100 million in the last six monthx of the year – down 91 percent For the year as a whole, the numbetr of global IPOs fell 79 to 119, and total proceeds dropped 69 percent, to $81 with that number buoyed by the huge Visa (NYSE:V) The U.S. went three monthxs without an IPO during the second half of the the longest dry spell since the recession ofthe 1970s, and only a singls November offering prevented the droughtg from stretching into 2009. Only 43 IPOs by U.S. companie s made it to market in raising total proceedsof $43 billion. That compares with 272 IPOs in 2007 thatraisef $59.
7 billion — the fourtn consecutive year with more than 200 The last year to have only double-digit IPO issuanceas was 2003, when there were 70. While the successfuo debut andstrong after-market performancse of one U.S. deal in November and stirringes in other markets toward the end of the year were positivw signs forIPO activity, the global IPO markey still has a long way to go to full the report said. In the Triangle, 2008 saw four IPOs fail to make it to The biggest was theplannedf billion-dollar public offering of , whicb ultimately agreed to be bought by Australian competitor for $3.
1 billion in equity and Three smaller offerings also failed to get off the In February, Pittsboro drug compang put its IPO plans on hold later, raising $60 million in venture capital. In data hosting firm of Cary put a halt to its IPO Andin October, drug company said it was pullin g back on its own public

Bove targets BofA stock price at $19 - Los Angeles Business from bizjournals:

http://www.growthalberta.com/news?start=9
BofA shares opened at $13.62 Monday and ended the day at which was down 39 or 2.84 percent. Bove says the valuatio n of bank stocks is now shifting from tangiblee common equity ratios toearnintg power, a plus for Charlotte, N.C.-basee BofA (NYSE:BAC). “It is now beinh conceded, by even the most bearisb observers, that claims that the industry was insolvent wereincorrec and, therefore, banking will survives and possible thrive,” he wrote. “Thus, the multipless on bank stocks are beginning to grow and this is certainl true of Bankof America’s stock.
” Bove cautiona investors that in the short term, BofA will continues to suffer from loan lossews as the broader economy struggles with He says BofA may see a loan-los s provision of up to $46 billionj this year. But he predictws mortgage and investment-banking earnings will help offseftthe losses. “By buyingh Merrill Lynch, Bank of Americza bolstered its ability to function in both the capital marketws and the retail markets at the same Bybuying Countrywide, it expanded a contra‐cyclica business.
In my view it was absolutelhy the right stepsto Also, Bove lauded BofA Chied Executive Kenneth Lewis for his composure during his congressionakl testimony on Merrill Lynch last week. “In many respects it was a loseposition and, amazingly, as viewed from the perspectivr of the stock price, he won,” Bove

Donovan House gets new restaurant - Washington Business Journal:

http://www.actuterroir.com/2000/champagne_ardennes/langres/intro.html
Todd English of Olives pulled out ofheadlining Donovan’s former restaurant Cha, which had just been serving sushj and drinks since earlier this year. The new spot -- calledx Zentan -- will functiobn under chef Susur Lee of Shang inNew York’a Thompson LES Hotel. Popular dishes from the Hong Kong native’zs New York City spot and other restaurant Lee in Toronto willbe served, and sushi platea will land on the rooftop lounge starting this New York-based manages the 193-room hotel at 1155 14th St. NW, which boasts an ultra-contemporary design that includes imported Italian leather seatingv anda roof-top pool.
The lobby-level restaurant, which seats 100 to 120, will featurr such dishes at Singapore-style slaw, chickpea onio rings and Cantonese marinated skirt TheStudio Gaia-designed space is accentedd with purples, dark woods, a sush bar and large communal Jason Pomeranc, co-owner of the hotel and calls Lee the “father of modern Asian cuisind -- Chinese particularly,” and hopes the end resultg will be “an energetic, yet sophisticated space and This summer its rooftopl -- dubbed “Above D.C.” -- will start servint booze and food and join the list of otherr rooftop-branded bars in the Thompson chain’ds New York and L.A. hotels.
“Last year we were just gettingy going and were not really tryinh to reach outto locals,” he said. “If was strictly a daytim e amenity forhotel guests. We now have a liquot license and can servefood [up there].” He said the hotelp will also be sendinfg locals “ADC” cards that provide elevator acces to come up and frequent the roof, whichb has limited space. “I’d like to see the hoteo become asocial destination, where Washington travelers stay in the hote l and can dine downstairs with locak friends or business associates and then get cocktails on the roof aftetr that,” he said. “A one-stop urban resort.
”

Escambia K9 handlers excel - Pensacola News Journal

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Escambia K9 handlers excel Pensacola News Journal Lt. Jason Potts finished first overall, first in the control during aggression phase, first in obedience and aggression combined score, first in two-man team with Deputy Wayne Gulsby, and fifth overall in total search. Deputy Wayne Gulsby finished ... and more »