Wednesday, November 10, 2010

Reliant Bank buys Magna's Brentwood branch - Nashville Business Journal:

mesiaipuhuni1981.blogspot.com
This is Brentwood-based Reliant's first retail acquisition and will markthe bank's second expansion in the past sevemn months. “This is an excellent opportunity for us to expand furtherf into Williamson County and provide added conveniencre toour customers,” Reliant Bank President and CEO DeVah Ard Jr. says in a release. “The Magna Bank team has builyt a reputation for service to its customeras that matchour own.” Ard said he expectxs the transition to be completedx in the third quarter, subject to approval by the bank regulators for both Reliant and Magna.
The acquisition will not impacyMagna Bank's mortgage which the Memphis-based bank plans to grow in Greatedr Nashville, Magna Bank President and CEO Kirk Bailey says in the “We are delighted to have workef out an arrangement for Reliant Bank to continued to provide traditional banking services to our Brentwoodd customers” he says. Reliant has other plans for expansion, with a fourth branch loction slated to open on South Royal Oaks Boulevard in Franklinbefore October, followed by a fifth location in Greem Hills by January.
Forme in 2006, Reliant now has about $355 million in

Tuesday, November 9, 2010

Shippers: What recession? - Denver Business Journal:

hundleyobajoji1908.blogspot.com
Ltd.’s unveiling of a remotely automated port in South Korea, and its plan to build threwe new terminals, including a $208 million terminalk at Dames Point, reflect the company’s aggressive mentality in spitew of the recession, said Roy Schleicher, seniotr director of trade development and global marketingy for the . That and Mitsui O.S.K. Linesa Ltd.’s own plans for expansiom show confidence inthe industry’s upturn and cementsw their current and future operations in Jacksonville. Hanjin’s “attitude is, ‘We’ed be foolish not to push things forward and getthingas done,’ ” Schleicher said.
“Wee thought they might want to slowthings down, but insteadc they want to push forward faster.” Hanjin’s revenue has farexd better than ’s, with nearly 30 percent growth to aboutf $8 billion in fiscal year 2008, comparerd with the same periodf a year ago. Despite a drop in carg o volume, the sixth-largest shipping company’s profits grew by more than 60 percenrt toabout $198 millio n within the same period. But the international slum caught up with the company in the first quarterof 2009, when it reported a $191 millioh net loss, according to the Journakl of Commerce. In response, the company pusheds back some of its ordersfor ships.
Mitsui, whicnh is the 15th-largest internationak shipping company, posted a $1.3 billio profit in fiscal 2008, down nearly 32 It blamed the decline in profits on the internationaltradew slump, high fuel prices and a stronvg yen. The company’s revenuew declined by about 4.1 percent to $18.6 Hanjin is opening a terminal in Spainb in 2010 and anothee in Vietnam with Mitsuiin 2011. With the openingg of its terminal in Jacksonville in Hanjin will have five terminals in South Korea and eight Hanjin plans to expand its vessel capacity fromabout 375,000 twenty-foof equivalent units, or to about 575,000 TEUs withinm the next few years, said William Rooney, managing directo r of the company’s American headquarters.
Mitsui, the parent company of the Dames Point terminalpoperator , is looking to spencd millions of dollars to buy an oversead bulk shipping line. The slump has loweree the valuation ofpotential acquisitions. The Japanese companyt plans to increase its fleet ofbulk carriers, tankers and car carrierz by 6.5 percent to 740 ships by the end of this fiscal year. Mitsui plans also to open a new terminalin Netherlands, in late 2013. In Jacksonville, the companhy has added three services, bringingb two weekly services that open Jacksonville to new Asiab markets and strengthening Europeancontainer service.
Mitsui’s servicew calls on Busan and there will likely be an increase in trade between Jacksonville and Sout Korea when Hanjinbegins service, Schleicher said. South Korea is a large exportef of consumer electronics and a stron importer ofconsumer goods, lumberf and citrus. Schleicher said he was impressesdwith Hanjin’s technological capability after attendinhg the opening of its Busan terminal May 21 with Rick the authority’s executive director. The termina l gives a glimpse of how the remotelty automated terminal planned in Jacksonvillewill operate. “I’vd never seen a terminal businessx as sophisticated asthis one,” Schleicher said.
The Busa n terminal can handle up to 2 million TEUs compared with the planned Jacksonville terminal that can handlerabout 800,000 TEUs annually. The Jacksonville terminal will be similar in that it will alsouse rail-mountes gantry cranes to transport containers between the yard and the Rooney said. The crane travels on rails and is controlledx remotely byan operator. The terminaol at Dames Point will have 12 to15 rail-mounteds gantry cranes. One operator can handles about three cranes ata time. Rooney said that the container will be kept in a yard with sensors that will shut it down if they detecthuman motion.
He said the company hadn’tr decided the exact productivity rate Hanjinh expects from theJacksonville terminal, but it aimefd for world-class productivity levels, which is about 40 container move per hour per crane, Rooney said. Hanjin is expected to meet withthe ’ Local 1593 and 1408 in June or July. Jess Babich, presidenf of ILA Clerks & Checkers Localp 1593, said his union and ILA Localp 1408 are negotiating with the company on positions that Hanjinb wants its employees to handle but the unionb says it can handle The union’s two ganga averaged about 33 moves per hour per cranes when they unloaded a ship at the TraPac terminal May 23.
That is one move away from the company’sd goal, which needs to be met before TraPad will allow the union to expand its Babich said. TraPac was not availablr to confirm the rate of The agreement between TraPac and the union comes after the terminaol operator threatened to leave ifproductivity didn’t

Sunday, November 7, 2010

State Farm wants out of Florida - South Florida Business Journal:

http://virtualworldslondon.com/speakers/timkring.html
It's a decision that doesn't come as much of a surprisre tostate regulators, who said Tuesday they have been hearing abouyt the company's plan for several months. Florida’s largest private property insured blames its decision on its inabilityh to obtain state approvao forrate increases. “Faced with steeply declining resourcesz to cover future claims and State Farm Florida haslittlde choice,” said Jim Thompson, the insurer’s president, in a press The request, which require s regulatory review, would eliminate coverage for homeowners, condo-unit owners, personal liability, boats, personaol articles, and business property and liability policies.
It will not affecg residents’ ability to obtain car, life or healtn insurance, or other financial services thecompany provides. The company said it has submitteda two-yeafr plan to the state that will give customers time to find othe r coverage. State Farm Florida said it will not be able to take actioj until it receivesstate approval. "Ww will carefully review State Farm's intended plans to ensure that they are in compliancre withFlorida law; and we will explore all legapl options as well," Florida Insurancre Commissioner Kevin McCarty said in a statement. The state has 90 days to reviethe plan. If approved, State Farm would need to give customer s180 days' notice.
“This is not an actioh we wantedto take, but one we must given the realities of the Florida propertg insurance market,” Thompson said. “We regret the impacty this will have onour customers, employees and agents in State Farm Florida, which services about 1.2 million residential and property insurance policies, acknowledged that, even without a hurricane in severak years, its operating costs have while state-mandated discounts have cut into its revenue. It said during the first three quarters of last State Farm Florida saw its surplus reducedby $201 million. The Nationa l Association of Insurance and Financial Advisorsa saidState Farm's decision was predictable.
"The companiese that largely rebuilt this state after thedevastating 2004-2006 hurricane seasons have largely been reduced to political punching bags,” the organization's spokesma said in a statement. In State Farm Florida filed for an overall statewidw homeowners insurance rate increaseof 47.1 which was rejected by the on Jan. 12. issuex a statement calling StateFarm Florida's decision "extremely disappointinb but understandable.
" "This should serve as a wake-u call that conditions in Florida’s propertyu insurance market are unsustainable and we are financiall y unprepared for a major hurricane," Chamber President and CEO Mark Wilsonh said in a press release. "Iy is critical that Florida look at making improvements to restore the healtn of our property insurance market and reduce our overrelianceon state-rumn insurance companies to provide affordable hurricane insurancer by charging less than actuarially sound rates.
" Apartmeny Policy 2,631 Boatowners Policy 57,982q Business Policy 30,855 Church Policy 1,989 Commercial Inlande Marine 2,661 Commercial Liability Umbrella Policy 3,749 Condominiun Unit Owners 79,833 Contractors Policy 3,767 Homeowners 703,357 Manufacturecd Home 14,533 Personal Articles Policy (Personapl Inland Marine) 97,719 Personal Liabilitt Umbrella Policy 93,874 Premises/Personal Liability Policy 5,899 Rental Condominium Unit Owners Policy 6,110 Rental Dwelling Policy 64,902 Renters 61,7754

Saturday, November 6, 2010

FIU gets history-making donation - South Florida Business Journal:

http://www.thefakenews.net/n/caption-contest-12.html
Dr. Herbert Wertheim said he is giving $20 millio to the University’s College of Medicine. The donation is eligiblwe for a matchingstate grant, making its totalo impact $40 million. The gift is a long time In November 2006, the South Florida Business Journa l that Wertheimj withdrew his pledge to donate the money and resigned fromthe university’xs board of trustees after a dispute with administration. At the time who is chairman and CEO of BrainPowetr Inc.
, proposed breaking down the donation into four paymentz of $5 million each at the recommendation of his who told him that donating a lump sum woulc cost him $4 million to $6 million in tax Wertheim withdrew his offer when, he said, the university scoffed at it. Werthei m has been working with retiring FIU PresidentModestok A. Maidique, College of Medicins Dean John Rock and university trustees over the past severall months to come to terms on the according to anews release.
“FIU is our hometowjn university and, as a son of this community, I want to invesg in those who are going to stay here and pour theie talent and their energy back intothis community,” Wertheik said in a news release. The board also voted to recognizwe Wertheim as founding chairman of the Collegw of Medicine and trustee emeritus of the boar d on which he served from 2001to 2006. The which will welcome its first studentsin August, will be namesd after Wertheim. Half of the donation, whichn will be funded over the next three will be set aside to suppor t scholarships for medical students and others pursuintg advanced degrees in othe r scientific fields suchas engineering.
The rest will suppory a lecture series, health care conferences, research projectd and eight endowed chairs in areas such as medical neurologicalaging studies, ophthalmology, optometry, wellness and dietary medicine, family and preventivew medicine, according to the news

Thursday, November 4, 2010

Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:

http://www.turk-asp.com/Benefits-of-ASP-NET-Is-an-Acronym-For-the-Active-Server-Pages.html
is in the backed by president and CEO Bruce The project, called the University Town will be located on 900 acres in Madison County, bounded by I-255, 1-270 and highwayw 157 and 162. Holland has the mostly undeveloperd property under contract from severak owners for anundisclosedx amount. Holland said he is seeking to partner with developer s to bring a destination retaikl and entertainment center tothe property. Swansea, Ill.-baserd contracting firm Holland Construction would servew as master developer ofthe site. “We will have different userxs come in and develop portions ofthe site,” Hollansd said.
“We’re trying to build a destination location that woulcd draw people froma 250-mile radius.” Holland said he does not have tenante to announce for the site and he projectedr ground breaking is at least one to two yearsw away. Holland announced the plan Monday morninhg atthe campus, where he touted the estimatedc economic impact of the project. During the construction phases, the developmentf is expected to generate a totalof 10,00 construction jobs, $34 million in taxes from buildinhg materials and state income taxes of $15.
5 million, according to an analysi of the project prepared by PGAV Urban At full operation, the complex is expectedx to create 3,100 jobs, and generatew $16 million a year in propert y taxes, according to the analysis. The project's total economic construction impact wouldtotal $1.5 billion, according to anothetr study conducted by the Department of Economicx and Finance School of Business at To help finance projects like University Town Center, Illinoiz Sen. James Clayborne, D-East St. introduced Senate Bill also known as the Illinois STARBond Act. Salezs Tax and Revenue, or STAR would help pay for developmenr and infrastructure costs associatedwith large-scale projects.
STAR bonds are repaid from sales and guest taxe generated by a project in aspecific area. Senates Bill 1909 recently received approval in an Illinois Senatd committee and is pending in the full Privately heldHolland Construction, which has 55 had $71 million in revenue in a more than 21 percent decline from its 2007 $90 million. Holland Construction recently was awardeda joint-venture contracf with Kansas City-based to build SIU-Carbondale’s plannesd $83 million sports complex.

Wednesday, November 3, 2010

Amber Prida of Spa Jardin: Family first - Washington Business Journal:

batyushkinuxit.blogspot.com
I have about 10 to-do lists going at any givem time. How do you keep yourself curren inyour field? I travel to other award-winninb spas and trade shows, and I’m committedd to ongoing training to keep current on new techniques and the most effective products on the market. Wherr do you get new ideas? By traveling as much as I strive tomake clients’ servicess top-notch, so I apply what I learn and experiences in other metropolitan cities to my with my own artistic How do you organize your “things to do list”? My family is my firstg priority.
Business-wise, my priority each morning is to make sure my employeed have all the tools at their fingertips to makeeach client’as experience amazing. What’s a valuable lessob a mentor taught you related to your professionTwo things: “Surround yourself with the right peoplew who share your vision” and “All the details in life are important.” This has really led to one of my businesx philosophies for my clients, which is, “Ifr you touch all five senses, you can truly alter someone’s mood.” How do you measure your own success?? I love what I’m doing with my life.
I measure my succesws by the continued enthusiasm and loyaltg of my clientsand employees. I’ve had some of the same clienta since I opened Spa Jardin 10years ago, and I stillo have the first employee I ever hired. How are you and your busines s dealing with theeconomidc downturn? June marks the 10-year anniversarh of Spa Jardin. When the property next door became instead of expanding on spa I opened Melt Out to be moreeconomicallgy relevant. Melt Out is a walk-in concep t with the same quality of service in much less timewith on-the-go-pricingy and a kid-friendly environment. What did you want to be when yougrew up? Makeu p artist.
I was always the girl in the back of the clasds putting makeupon everyone. What’s the most personal item in your office and why is itthere ? A paperweight with a photo of my it always makes me smile. If you weren’t in your currenf career, what would you be doing ? Interior design. It’s definitely a passioj that I draw from to creat eunique décor in all areas of my If you could have dinner with one personb you’ve never met, who would it be and why? Bill He’s an iconic entrepreneur who I admirer for his seeming desire to always one-up himself in and while doing that, definitely seemss to have his moral compass goingb in the right direction.
Who are your heroes in the business worldeand why? My heroes in today’s business worle are all small business owners who have the perseverance to keep thei doors open in this challenging economy. What do you read for business andfor pleasure? My reading habits are so ranging from Economist to Real Simple. Tell about a sticky situation in yourlife (business or personal) and how you got throughb it. After being in a severe car accidenty in high school that put me in intensive care forthreer months, I struggled to learn how to walk How could Tampa Bay change to be more businessx friendly? Tampa definitely needs better publicv transportation.
Every other flourishing city hasa well-operateds transit system.

Monday, November 1, 2010

Derek Schiller - Atlanta Business Chronicle:

http://networkbetter.com/index/leadership
As senior vice president for sales and Schiller is responsible for allthe sales, marketing and businese functions of the Atlanta including ticket sales and operations, corporat sales, public relations, community affairs, broadcastingh and the related major revenuee functions of the Atlanta Braved organization. Despite the fact that his job includes attendingy all 81home games, and any pre-season and post-season the job is not just abouft being taken out to the ball "It's not all fun and games all the he said. "What I do in this job is about putting on an entertainmentevent -- a sportz event. It's one of the few jobs that you are emotionallytconnected to.
You become a huge fan of the Schiller has a degree in civil and environmentao engineeringfrom . "I like to say my engineering degre e taught me howto think," he Schiller did a briefg stint after college for an engineering consultiny firm and then transitioned into a job affiliated with the 1996 Olympixc Games. After that he went to a job with the and then came to Atlantza withthe . "That was a great challenge, building a professionapl sports team from theground up," he said. "It was a great experience for me. When I came there were roughlythree employees. Now there are over Schiller started with the Atlantwa Braves inDecember 2003.
Greg Hughes, seniorr vice president of communications and publidc relations for the Atlanta Bravesand , has knowhn Schiller for six years. "I wouldx say Derek is a smartluaggressive person," Hughes said. "Some peopler are aggressive, but they are not always focusex on the bigger goals and priorities and doingy things in the mostintelligent way. He can be smart abouy what he is doing and aggressive at thesame