jueves, 15 de septiembre de 2011

Pier 1 posts quarterly profit despite drop in sales - Wichita Business Journal:

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The profit for Fort Worth-based Pier 1 PIR) compares to a net loss of $33 million, or 37 centsx per share, during the same period last year. During the firsft quarter, Pier 1's sales fell to $281 million, down from $310 millionj a year ago. Pier 1 attributes this drop in sale to a reduction in the number of storesd operating anda 7.5 percent drop in same-store sales—o sales at stores open for 12 months or more. Comparedd to last year, inventories are down by $91 The company also reduced itsconsolidated long-terkm debt by $79 million and posted a $48 milliob gain on the repurchase of debt.
Goinv forward, Pier 1, which has two Wichits stores, said it is negotiating rentalo reductions with landlords across North Pier 1 has now reached agreementsx in principal to end leasez for 22 stores and will be shuttingh down an additionalfive locations. “To the company has achieved approximately $9 million in rental savingds for fiscal 2010 and expects to close approximatelh50 locations,” the company said in a

martes, 13 de septiembre de 2011

Missouri issues cease-and-desist order against Universal Casualty - Business First of Buffalo:

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Universal Casualty has more than 13 times the typicap number of consumer complaints for a compangyits size, according to the Department of Insurance, which has receivex 63 consumer complaints against the company in compared to 18 for the previous threew years. The company wrote $5.9 million in premiums in according tothe state. Department Director John Huff issueds the order forbidding from writing any new businesws in Missouri until some allegationaare resolved, including that the company failed to respond to or properly investigate claims filed by policyholders in a timely failed to respond to inquiries from state regulators; improperly denied claims; and offered “unreasonably low” dollar amounts for state investigators said.
A request for comment from Universal Casualty was notimmediately

domingo, 11 de septiembre de 2011

Colorado ski towns crack down on short-term rentals that avoid lodging taxes - Denver Post

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Colorado ski towns crack down on short-term rentals that avoid lodging taxes

Denver Post


VR Compliance, the company selected by the ski towns association, has identified several hundred homes in Summit County that are advertised on websites like VRBO.com and HomeAway.com but are not registered with the county or its towns to pay lodging ...



viernes, 9 de septiembre de 2011

PAS Technologies promotes Spriggs to CTO - Business Courier of Cincinnati:

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Spriggs was vice president of product developmentt of the privately held NorthKansas City-based company. He started with PAS predecessor company, , in 1996 as business unit manager of newproducy development, PAS said in a Thursday As CTO, he will oversee the company’s long-term technolog strategy. “We’re doing this because we feel that technologt is the way to grow and satisfyour customers,” company spokeswomanb Marsha Farmer said Friday. Spriggs has 35 yearse of experience in operations and engineering assignmentxfor , , and , as well as independent consultingf in the aviation and power generation PAS said. He has received six U.S.
patents in his own name or as PAS Technologies specializes inproviding cost-effectivr repair and overhaul services for the aerospace and industriak markets. It has about 600 employees, about 280 of whom work in the KansaswCity area, Farmer said.

martes, 6 de septiembre de 2011

SoftBrands sold for $80M; Golden Gate Capital is buyer - San Antonio Business Journal:

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The buyer, a holding company creates by private-equity firm and its portfoli ocompany , will pay 92 cents per sharre for SoftBrands. Shares of SoftBrands closed at 47 cents per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has abourt $9 billion in assets under management. based in Alpharetta, Ga., is a software company with about 9,00p employees and $2.2 billion in revenue. Minneapolis-base SoftBrands (AMEX: SBN) sells software to the hospitalityy industry, as well as to small and mid-sized manufacturerzs under the brand. Its producta handle tasks such as making reservationds to settingroom rates.
SoftBrands CEO Randh Tofteland said in a presa statement that the deal will allow shareholdersto “realize significang value from their investment.” He also said the compan would benefit from an “alliance” with A spokeswoman for Infor said SoftBrandx will continue to have a presence in though it has yet to be determined how many employees will remainh here. SoftBrands’ board has already approved the which is expected to close in between 60 and90

domingo, 4 de septiembre de 2011

Graduating diplomacy and politics into the 21st century - Daily Star Online

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Graduating diplomacy and politics into the 21st century

Daily Star Online


IT is quite remarkable, almost unbelievable, that the forthcoming Indo-Bangladesh summit on September 6-7, 2011, is the first such bilateral summit since the historic visit by Indira Gandhi for the Dhaka for the first summit with Bangabandhu Sheikh ...



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