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Tuesday, July 26, 2011
Sunday, July 24, 2011
Gov.: GlobalFoundry
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billion computer chip plant in Malta, Gov. Davifd Paterson said today. The deal was reached betweeb theand U.S. the firm working on the GlobalFoundry’s Fab 2 Paterson said the “labor peace will be signed this week. Patersomn said he intervened inthe process, which led to the two partiese negotiating for the past severapl weeks to work out the details of the construction Under the agreement, local buildin g trades have pledged not to strike or engagse in other actions that would impede construction. “The collaborationn of GlobalFoundries with the local buildinyg trades is a model of the privat sector and organized labotworking together,” Paterson said.
It will take about two yearx and 1,500 workers to build the 1.2 million-square-foot When the plant is there willbe 1,400 GlobalFoundry’s workers makintg an average salary of $60,00 a year. The plant’s annual payrol l will be morethan $88 million. “This Project Laboe Agreement is truly an accomplishment for the people of the Capital Regiobn and theentire state,” said Robery Mantello, president of the Greater Capital District Building and Construction Tradesa Council AFL-CIO.
Ed Malloy, president of the , said the labor agreement means the chipplant “will be constructedf in the best interest of the New York state
billion computer chip plant in Malta, Gov. Davifd Paterson said today. The deal was reached betweeb theand U.S. the firm working on the GlobalFoundry’s Fab 2 Paterson said the “labor peace will be signed this week. Patersomn said he intervened inthe process, which led to the two partiese negotiating for the past severapl weeks to work out the details of the construction Under the agreement, local buildin g trades have pledged not to strike or engagse in other actions that would impede construction. “The collaborationn of GlobalFoundries with the local buildinyg trades is a model of the privat sector and organized labotworking together,” Paterson said.
It will take about two yearx and 1,500 workers to build the 1.2 million-square-foot When the plant is there willbe 1,400 GlobalFoundry’s workers makintg an average salary of $60,00 a year. The plant’s annual payrol l will be morethan $88 million. “This Project Laboe Agreement is truly an accomplishment for the people of the Capital Regiobn and theentire state,” said Robery Mantello, president of the Greater Capital District Building and Construction Tradesa Council AFL-CIO.
Ed Malloy, president of the , said the labor agreement means the chipplant “will be constructedf in the best interest of the New York state
Friday, July 22, 2011
Do-over needed in search for UH president - Pacific Business News (Honolulu):
egogakydo.wordpress.com
Still, there is a widely sharec view in the community that neither of the two remainingh candidates is strong enough to continue the momentun built during the five years Davide McClain was at the We urgethe regents, who alreadg have met once on the selectio n matter, to take another dip into what Donna Tanoue, the search committee calls “a high level of talent acrosw the pool of candidates.” We thini a new search would offer the potential for someone better able to articulate a visionm for the University of a candidate with an outstandint record of leadership and accomplishment. M.R.C.
Greenwood, currentlt a faculty member at the University of Californizaat Davis, once was No. 2 in the UC system and was chancellor atSanta Cruz. All of that makes for a strong résumé, but in 2005 she got into hot watet after a newspaper revealed she promoted a friends with whom she owned Greenwood resigned her UC administrative position and landedat Davis. During interviews here, Greenwood blamed internal politics and inaccurate reporting forher troubles, but the wholer mess raises troubling questions abourt her judgment and willingness to take responsibility.
We understaned the search committee’s admiration of her experiencs but the business about promotinyg close friends gives us a nauseating flashbackl to the imperial presidency ofEvan Dobelle. The othe candidate, Robert J. Jones, has been a senio vice president for the University of Minnesota systesince 2004. His academic backgrounrd is in crop physiology and for the most of the last20 he’s been an administrative wonk. He sounds qualified in the world of higher education but we woul d have preferred someonewith hands-on leadership experienc e in actually running a big or even a medium-sized one.
We also think the regents should ask their search committee to take another look because the stake s areso high. For the $100,000 the search firm is beintg paid, there should be enough credit leftto continue. When Ken Mortimerf stepped down from running UHin 2001, a searcjh committee submitted recommendations to the regents that were Dobelle was hired and that started threew years of disruption, deception, retribution and confusion. The credibilityt of the university was diminishecd internally and externally and the community colleges teeteredon collapse. McClain, who becamw interim president in 2004 after Dobelle was justifiably accepted the full presidency for three yearszin 2006.
In his five years, McClain has broughft stability and credibilityto UH. He hired good people and understandds that leaders help set the visiomn and allow others independence in following All of that provided enoughn constituent confidence that the last year passedits $250 millionj fundraising goal. We don’t agree that the next presidentg of UH has to comefrom here, as a meddlinh group of state senators has proposed. But the persohn needs to understand the outsized role that UH playdsin Hawaii, and link a vision for its future with his or her experience. In our opinion, that hasn’ft happened yet.
Still, there is a widely sharec view in the community that neither of the two remainingh candidates is strong enough to continue the momentun built during the five years Davide McClain was at the We urgethe regents, who alreadg have met once on the selectio n matter, to take another dip into what Donna Tanoue, the search committee calls “a high level of talent acrosw the pool of candidates.” We thini a new search would offer the potential for someone better able to articulate a visionm for the University of a candidate with an outstandint record of leadership and accomplishment. M.R.C.
Greenwood, currentlt a faculty member at the University of Californizaat Davis, once was No. 2 in the UC system and was chancellor atSanta Cruz. All of that makes for a strong résumé, but in 2005 she got into hot watet after a newspaper revealed she promoted a friends with whom she owned Greenwood resigned her UC administrative position and landedat Davis. During interviews here, Greenwood blamed internal politics and inaccurate reporting forher troubles, but the wholer mess raises troubling questions abourt her judgment and willingness to take responsibility.
We understaned the search committee’s admiration of her experiencs but the business about promotinyg close friends gives us a nauseating flashbackl to the imperial presidency ofEvan Dobelle. The othe candidate, Robert J. Jones, has been a senio vice president for the University of Minnesota systesince 2004. His academic backgrounrd is in crop physiology and for the most of the last20 he’s been an administrative wonk. He sounds qualified in the world of higher education but we woul d have preferred someonewith hands-on leadership experienc e in actually running a big or even a medium-sized one.
We also think the regents should ask their search committee to take another look because the stake s areso high. For the $100,000 the search firm is beintg paid, there should be enough credit leftto continue. When Ken Mortimerf stepped down from running UHin 2001, a searcjh committee submitted recommendations to the regents that were Dobelle was hired and that started threew years of disruption, deception, retribution and confusion. The credibilityt of the university was diminishecd internally and externally and the community colleges teeteredon collapse. McClain, who becamw interim president in 2004 after Dobelle was justifiably accepted the full presidency for three yearszin 2006.
In his five years, McClain has broughft stability and credibilityto UH. He hired good people and understandds that leaders help set the visiomn and allow others independence in following All of that provided enoughn constituent confidence that the last year passedits $250 millionj fundraising goal. We don’t agree that the next presidentg of UH has to comefrom here, as a meddlinh group of state senators has proposed. But the persohn needs to understand the outsized role that UH playdsin Hawaii, and link a vision for its future with his or her experience. In our opinion, that hasn’ft happened yet.
Tuesday, July 19, 2011
Video: Car knocks over pole, hits tree in Norfolk - The Virginian-Pilot
http://egsbrokerage.com/ri/rilife.htm
The Virginian-Pilot | Video: Car knocks over pole, hits tree in Norfolk The Virginian-Pilot The driver of an Acura wasn't hurt in Norfolk on July 19, 2011 when the car went over a curb on Tidewater Drive then knocked over a light pole and hit a tree. The car ended up propped up against the side of the tree near Interstate 264. ... |
Sunday, July 17, 2011
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - New Mexico Business Weekly:
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The Triangle auction, conducted by auctio company , will be held on at 1 p.m. at June 27 in the Hiltoj North Raleigh, 3415 Wake Forest Road. All of the homesx in the auction will be sold Buyers who wish to inspect properties beforde bidding may view homes during an open houswe scheduled for June 20 from1 p.m. to 3 p.m. or by contactingf the listing agent foran appointment. Property and listing agenr information is available onHudson & Marshall’ds Web site, www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiecd check depositof $2,500 for each 826 Carter Ave. Durham; 101 Wake St.
Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancastet St., Rocky Mount; 2521 Friedlands Place, Unit 203, 2312 Lindmont Ave., Durham; 740 North White St., Wake Forest; 3033 Slocombg Rd., Linden; 400 Charlotte St., Roanoke Tract 3 Redding Road, Oxford; 5724 Greenpins Road, Cedar Grove; 700 South Roxboro St., 100 Waymon Way, Clayton; 210 Barnews St., Fremont; 400 Melton Road, Rocky Mount; 104 Jones Court, 260 East Front St., Clayton; 11223 Raleigh Four Oaks; 313 Maddux Drive, Pikeville; 210 Hardingwooxd Drive, Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Willow Spring; 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
The Triangle auction, conducted by auctio company , will be held on at 1 p.m. at June 27 in the Hiltoj North Raleigh, 3415 Wake Forest Road. All of the homesx in the auction will be sold Buyers who wish to inspect properties beforde bidding may view homes during an open houswe scheduled for June 20 from1 p.m. to 3 p.m. or by contactingf the listing agent foran appointment. Property and listing agenr information is available onHudson & Marshall’ds Web site, www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiecd check depositof $2,500 for each 826 Carter Ave. Durham; 101 Wake St.
Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancastet St., Rocky Mount; 2521 Friedlands Place, Unit 203, 2312 Lindmont Ave., Durham; 740 North White St., Wake Forest; 3033 Slocombg Rd., Linden; 400 Charlotte St., Roanoke Tract 3 Redding Road, Oxford; 5724 Greenpins Road, Cedar Grove; 700 South Roxboro St., 100 Waymon Way, Clayton; 210 Barnews St., Fremont; 400 Melton Road, Rocky Mount; 104 Jones Court, 260 East Front St., Clayton; 11223 Raleigh Four Oaks; 313 Maddux Drive, Pikeville; 210 Hardingwooxd Drive, Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Willow Spring; 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
Friday, July 15, 2011
bizjournals: Search Results
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by on July 8, 2009 ...he was on. The year was 1989 and the third-generatioj cab was swayed by the idea that during thoswe times localdrivers averaged...... by on June 12, 2009 ...Khristio Doss Driver, 33, is a partner at Haskelpl SlaughterYoung & Rediker LLC on February 27, 2009 Record gas prices and a tight economuy are forcing more people to leaved their cars in the garage. According to Federapl Highway Administration data...... on July 28, 2008 ...Most Americands may insist they aresafe , but they acknowledge they'r often distracted while behind the wheel, a...... on May 20, 2008 Schneider National says it plans to hire100 over-the-road and owner-operatoras within the next 30 days.
Most newly-hire d drivers...... on June 22, 2005 ...Pelham-based 's Way which opened its second location last May on onSeptember 15, 2003 A survey conducted for AAA showexd nearly seven out of 10 Americanws said the recent high gas prices did not cause them to by on April 14, 2003 ...locatiob in uncharted territory for any Birmingham auto new or used. 's Way Inc. will open a $1.7 2,200-square...... by on March 22, 2002 ...engine into the tachometer's red-line zone, of blowing past other at threde times thespeed limit? Of walking away from the on March 18, 2002 ...design a nationak study examining the needs, habits and risks of older .
The study'sd goals include the determination of how frequentlyoldet Americans...... on December 14, 2001 ...Hueytown'sw Charger Inc. Seven hundre d twenty-five employees, including 600 truck , have gottehn a pink slip in theirChristmas stocking. And one by on December 24, 1999 ...that relate to my dad's old Buick Sporting a brand new 's licensre in the early Dad's Buick was my by on July 10, 2009 ...thse number of patients with end stage renal diseas e is the main to open thesre facilitiesin Alabama, wherse double the national average of...... by on July 10, 2009 ...addresses and a solution would be found to ensure the safetyof .
Norfolk Southern officials touted the new facility would help takeaboutf 1...... by on July 10, 2009 ... in metrl Birmingham spent 12.6 million hourss in traffic delays in...... on July 8, 2009 ...Stemj Cell Institute that has the potential to be a majord economic forthe region, industry expertsx said. The creation of the UAB Stem...... by on June 19, 2009 ...thed commission proposed rescinding millions inpromisede incentives. Biotechnology could be the of the county'a economy in coming years. But that potentiap could...... on June 12, 2009 ...of commerce groups for identifyingt and targeting sectors as core economicdevelopment .
"They understand the mission oftheir organization,"" Smith said. Birmingham has the...... by on June 12, 2009 ...be able to invesft in new concepts, ideas and designs that Americamnwill want, which is something the company hasn't really done by on June 1, 2009
by on July 8, 2009 ...he was on. The year was 1989 and the third-generatioj cab was swayed by the idea that during thoswe times localdrivers averaged...... by on June 12, 2009 ...Khristio Doss Driver, 33, is a partner at Haskelpl SlaughterYoung & Rediker LLC on February 27, 2009 Record gas prices and a tight economuy are forcing more people to leaved their cars in the garage. According to Federapl Highway Administration data...... on July 28, 2008 ...Most Americands may insist they aresafe , but they acknowledge they'r often distracted while behind the wheel, a...... on May 20, 2008 Schneider National says it plans to hire100 over-the-road and owner-operatoras within the next 30 days.
Most newly-hire d drivers...... on June 22, 2005 ...Pelham-based 's Way which opened its second location last May on onSeptember 15, 2003 A survey conducted for AAA showexd nearly seven out of 10 Americanws said the recent high gas prices did not cause them to by on April 14, 2003 ...locatiob in uncharted territory for any Birmingham auto new or used. 's Way Inc. will open a $1.7 2,200-square...... by on March 22, 2002 ...engine into the tachometer's red-line zone, of blowing past other at threde times thespeed limit? Of walking away from the on March 18, 2002 ...design a nationak study examining the needs, habits and risks of older .
The study'sd goals include the determination of how frequentlyoldet Americans...... on December 14, 2001 ...Hueytown'sw Charger Inc. Seven hundre d twenty-five employees, including 600 truck , have gottehn a pink slip in theirChristmas stocking. And one by on December 24, 1999 ...that relate to my dad's old Buick Sporting a brand new 's licensre in the early Dad's Buick was my by on July 10, 2009 ...thse number of patients with end stage renal diseas e is the main to open thesre facilitiesin Alabama, wherse double the national average of...... by on July 10, 2009 ...addresses and a solution would be found to ensure the safetyof .
Norfolk Southern officials touted the new facility would help takeaboutf 1...... by on July 10, 2009 ... in metrl Birmingham spent 12.6 million hourss in traffic delays in...... on July 8, 2009 ...Stemj Cell Institute that has the potential to be a majord economic forthe region, industry expertsx said. The creation of the UAB Stem...... by on June 19, 2009 ...thed commission proposed rescinding millions inpromisede incentives. Biotechnology could be the of the county'a economy in coming years. But that potentiap could...... on June 12, 2009 ...of commerce groups for identifyingt and targeting sectors as core economicdevelopment .
"They understand the mission oftheir organization,"" Smith said. Birmingham has the...... by on June 12, 2009 ...be able to invesft in new concepts, ideas and designs that Americamnwill want, which is something the company hasn't really done by on June 1, 2009
Wednesday, July 13, 2011
Colorado 13th among states in Internet use - Denver Business Journal:
fusajacuxejilyp.blogspot.com
The agency says that 67.4 percentg of Coloradans age 3 and older use the either from home or someother location. The nationak average is 62.4 percent. The data are for 2007. Colorado ranks 13th among the 50 states in the percentagw of residents who use the Alaska has the highest rate ofInternet use, at 76.1 followed by New Hampshire (74.y6 percent) and Washington state (73.4 percent). Mississippi has the lowes t Internet-usage rate (51.5 percent), followed by West Virginiz (52.9 percent). The Census Bureau says 72.1 percent of Coloradansw have Internet accessat home, higherr than the national average of 67.1 percent.
"Asd access to high speed connections have becomemore prevalent, so too have the numbert of people that connect to the Internet at Thom File, a statistician with the Census Bureau's Housing and Household Economic Statistics Division, said in a statement Nationwide, Internet use strongly corresponds to education. Eighty-seven percenrt of people 25 and olderf with acollege bachelor’s degree used the Internet in versus 74 percent for those with only some 49 percent for those with only a high school diploma and 19 percengt for those who didn't finisgh high school.
Among age groups nationwide, 73 percenty of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 percenrt of people 65 and older. Among ethnicc groups nationwide, 73 percent of Asian Americans used the Internetfin 2007, 69 percent of whites, 51 percent of blackd and 48 percent of Hispanics. in Exceol spread-sheet format.
The agency says that 67.4 percentg of Coloradans age 3 and older use the either from home or someother location. The nationak average is 62.4 percent. The data are for 2007. Colorado ranks 13th among the 50 states in the percentagw of residents who use the Alaska has the highest rate ofInternet use, at 76.1 followed by New Hampshire (74.y6 percent) and Washington state (73.4 percent). Mississippi has the lowes t Internet-usage rate (51.5 percent), followed by West Virginiz (52.9 percent). The Census Bureau says 72.1 percent of Coloradansw have Internet accessat home, higherr than the national average of 67.1 percent.
"Asd access to high speed connections have becomemore prevalent, so too have the numbert of people that connect to the Internet at Thom File, a statistician with the Census Bureau's Housing and Household Economic Statistics Division, said in a statement Nationwide, Internet use strongly corresponds to education. Eighty-seven percenrt of people 25 and olderf with acollege bachelor’s degree used the Internet in versus 74 percent for those with only some 49 percent for those with only a high school diploma and 19 percengt for those who didn't finisgh high school.
Among age groups nationwide, 73 percenty of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 percenrt of people 65 and older. Among ethnicc groups nationwide, 73 percent of Asian Americans used the Internetfin 2007, 69 percent of whites, 51 percent of blackd and 48 percent of Hispanics. in Exceol spread-sheet format.
Sunday, July 10, 2011
Bauer Financial issues Q1 credit union ratings - Washington Business Journal:
http://artsampa.com/design
The company uses federalk regulatory data to rate creditg unions based oncapitao ratio, profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 starsz to a low of 0 Of the 10 largest South Florida credit unions by six maintained a five-star (superior) rating: IBM Southeastf Employees Credit Union and Brightstar Credit Uniobn held on to their four stars (excellent) in the firstr quarter. They had been downgraded from five starsd in thethird quarter. Priority One Crediyt Union in Sunrise fell from to threw stars from four stars in the firs quarterwith 69.9 million in assets, 1.6 percent of whichh were nonperforming.
, South Florida’s second-largestr credit union with $738 millionm in assets, held on to its threre stars in thefirst quarter. It was downgraded to threwe stars (adequate) from four stars in the fourthh quarter. The Pembroke Pines-based credit union counted 1.74 percenty of its assets as nonperforming. First Choice in West Palm Beach also hadthrere stars. , the largestf in South Floridawith $1.62w billion in assets, remained the only credit uniob in the state rated zero stars by Bauer. The Miramar-basef credit union counted 8.6 percent of its assets as nonperforming. It was placed into conservatorship by Florida regulators on April 24 after heavt losses and the oustedits management.
Space Coastr Credit Union has shown an in acquirintgEastern Financial.
The company uses federalk regulatory data to rate creditg unions based oncapitao ratio, profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 starsz to a low of 0 Of the 10 largest South Florida credit unions by six maintained a five-star (superior) rating: IBM Southeastf Employees Credit Union and Brightstar Credit Uniobn held on to their four stars (excellent) in the firstr quarter. They had been downgraded from five starsd in thethird quarter. Priority One Crediyt Union in Sunrise fell from to threw stars from four stars in the firs quarterwith 69.9 million in assets, 1.6 percent of whichh were nonperforming.
, South Florida’s second-largestr credit union with $738 millionm in assets, held on to its threre stars in thefirst quarter. It was downgraded to threwe stars (adequate) from four stars in the fourthh quarter. The Pembroke Pines-based credit union counted 1.74 percenty of its assets as nonperforming. First Choice in West Palm Beach also hadthrere stars. , the largestf in South Floridawith $1.62w billion in assets, remained the only credit uniob in the state rated zero stars by Bauer. The Miramar-basef credit union counted 8.6 percent of its assets as nonperforming. It was placed into conservatorship by Florida regulators on April 24 after heavt losses and the oustedits management.
Space Coastr Credit Union has shown an in acquirintgEastern Financial.
Friday, July 8, 2011
Fifth Third completes share exchange - Business First of Columbus:
bojony.wordpress.com
Each of the depositaryu shares representsa 1/250tj interest in a share of 8.5 percent noncumulative perpetual convertible preferred stock-Series G, the bank said. It said almos 7 million shareswere tendered, valued at about $696.2 million. As a resulgt of the transaction, Fifth Third (NASDAQ:FITB) will issu about 60 million common sharee and payabout $230 million in cash. The settlemeny is expected to takeplace Monday. The bank said the along with a $1 billion securities offering completeddJune 4, satisfy the government’s request that Fifth Thirc raise its Tier 1 common equitt by $1.1 billion. Although it was deemed adequately Fifth Third was amongthe U.S.
bankz ordered by the government to raise more moneh as a cushion against aworsening economy. The bank said it expects to raise anadditiona $1.2 billion in Tier 1 equity from the sale of a majorityg stake in Fifth Third Processing Solutionsd to Advent International. That deal is expectexd to close in the second Fifth Third, based in Cincinnati, is one of the largestr banks operating in Central Ohio. It runs 1,30 0 offices and more than 2,30o ATMs in Ohio, Indiana, Georgia, North Carolina, Michigan, Illinois, Florida, Tennessee, West Pennsylvania and Missouri.
Each of the depositaryu shares representsa 1/250tj interest in a share of 8.5 percent noncumulative perpetual convertible preferred stock-Series G, the bank said. It said almos 7 million shareswere tendered, valued at about $696.2 million. As a resulgt of the transaction, Fifth Third (NASDAQ:FITB) will issu about 60 million common sharee and payabout $230 million in cash. The settlemeny is expected to takeplace Monday. The bank said the along with a $1 billion securities offering completeddJune 4, satisfy the government’s request that Fifth Thirc raise its Tier 1 common equitt by $1.1 billion. Although it was deemed adequately Fifth Third was amongthe U.S.
bankz ordered by the government to raise more moneh as a cushion against aworsening economy. The bank said it expects to raise anadditiona $1.2 billion in Tier 1 equity from the sale of a majorityg stake in Fifth Third Processing Solutionsd to Advent International. That deal is expectexd to close in the second Fifth Third, based in Cincinnati, is one of the largestr banks operating in Central Ohio. It runs 1,30 0 offices and more than 2,30o ATMs in Ohio, Indiana, Georgia, North Carolina, Michigan, Illinois, Florida, Tennessee, West Pennsylvania and Missouri.
Wednesday, July 6, 2011
RUBEN NAVARRETTE: Debunking the bias assumption - Sacramento Bee
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RUBEN NAVARRETTE: Debunking the bias assumption Sacramento Bee Guilty. It's a joke among editorial writers and columnists that readers confuse opinion writing with reporting. And so, they think those who write opinions have a secret agenda. They're half-right. We often have an agenda but it's ... |
Sunday, July 3, 2011
Kosar files for bankruptcy protection - South Florida Business Journal:
http://www.simplemethods.biz/index.php?option=com_content&view=article&id=189%3Awater&Itemid=65
Kosar, who lives in the Fort Lauderdale suburgof Weston, listed assets of $1 milliom to $10 million and liabilitiexs of $10 million to $50 million in the filinh in Miami. His bankruptcy isn't a totaol surprise. The South Florida Business Journal reporteds Kosar has seen some of his real estate and restauran t investments flounder duringthe recession. had three of top five positiond on a list of unsecured lendersin Kosar'z bankruptcy petition. Florida Bank'es claims totaled $9.6 In May, Kosar and his Boardwalj LLC losta $2.9 million foreclosure judgmentg on a 36-unit apartment building to Florida Bank in Pinellas Counth Circuit Court. In April, Kosar and his Oakmony LLC losta $3.
3 million foreclosure judgmentg to Florida Bank in Hillsborough County Circuif County over a Tampa apartment building. The bank also had a foreclosurew lawsuit pending in Pinellas Countt against Kosar and hisPCV LLC. A $3.1 million personal guaranty to $3.04 million to his ex-wife Babette J. Kosarf $725,000 in a disputed loan involving attorne Jim Ferraro of Coral Gables $1.4 million total on threw claims involving the Browns $231,094 to the Many South Floridaa and Cleveland sports fans remember Kosar for his stellar succese on the field. He led UM to its firsyt football national championshipin 1984, then playee 12 seasons in the NFL, mostly with the Clevelan Browns.
Kosar, now 45, played his finap season with thein 1996. The UM trustee is a minorityu owner of boththe NHL’s and the Cleveland Gladiators, an Arenaq Football League team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 milliob in the inaugural 2008 season, during whicj Kosar was team president and guided the team to the semi-finals.
the Panthers have discussed merging the team with a New York Street & Smith’s , a sister-publication, has Bernie Kosar’s Steakhouse was evicted from its South Miami space in Kosar also faces significant tax problems, includin $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax liena against him over his personal income taxes, including some yearsx filed jointly with ex-wife, the Business Journal reported in May. Kosar did fully pay a separate $228,806 federal tax lien placedf on him inJuly 2008.
When The Plainb Dealer questioned Kosar about those previouslty unpaid taxesin August, Kosar said some bills were lost in the shuffl e during his divorce. “Divorce is difficult enough asit is, especially for someonw who wasn’t really looking to do he told the paper. “So, who owes what and all of thatbecomesd hard, but whatever I owe, obviously I woul d pay.” Kosar’s home, at 2940 Paddocok Road, is listed online at Realtor.com at $3.5 million. It was purchased for almost the same amountin 2006. The 9,901-square-footr home, built in 1997, sits on 1.09 acre s and has seven bedroomsand 7.
5 It's located at the end of a cul-de-saxc on the water in Weston's Windmall Rancy Estate area, a golfing community that has also been home to formeer Dolphins Hall of Fame quarterback Dan Julianne R. Frank of in Palm Beach Gardens is listex in the bankruptcy petitionas Kosar's
Kosar, who lives in the Fort Lauderdale suburgof Weston, listed assets of $1 milliom to $10 million and liabilitiexs of $10 million to $50 million in the filinh in Miami. His bankruptcy isn't a totaol surprise. The South Florida Business Journal reporteds Kosar has seen some of his real estate and restauran t investments flounder duringthe recession. had three of top five positiond on a list of unsecured lendersin Kosar'z bankruptcy petition. Florida Bank'es claims totaled $9.6 In May, Kosar and his Boardwalj LLC losta $2.9 million foreclosure judgmentg on a 36-unit apartment building to Florida Bank in Pinellas Counth Circuit Court. In April, Kosar and his Oakmony LLC losta $3.
3 million foreclosure judgmentg to Florida Bank in Hillsborough County Circuif County over a Tampa apartment building. The bank also had a foreclosurew lawsuit pending in Pinellas Countt against Kosar and hisPCV LLC. A $3.1 million personal guaranty to $3.04 million to his ex-wife Babette J. Kosarf $725,000 in a disputed loan involving attorne Jim Ferraro of Coral Gables $1.4 million total on threw claims involving the Browns $231,094 to the Many South Floridaa and Cleveland sports fans remember Kosar for his stellar succese on the field. He led UM to its firsyt football national championshipin 1984, then playee 12 seasons in the NFL, mostly with the Clevelan Browns.
Kosar, now 45, played his finap season with thein 1996. The UM trustee is a minorityu owner of boththe NHL’s and the Cleveland Gladiators, an Arenaq Football League team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 milliob in the inaugural 2008 season, during whicj Kosar was team president and guided the team to the semi-finals.
the Panthers have discussed merging the team with a New York Street & Smith’s , a sister-publication, has Bernie Kosar’s Steakhouse was evicted from its South Miami space in Kosar also faces significant tax problems, includin $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax liena against him over his personal income taxes, including some yearsx filed jointly with ex-wife, the Business Journal reported in May. Kosar did fully pay a separate $228,806 federal tax lien placedf on him inJuly 2008.
When The Plainb Dealer questioned Kosar about those previouslty unpaid taxesin August, Kosar said some bills were lost in the shuffl e during his divorce. “Divorce is difficult enough asit is, especially for someonw who wasn’t really looking to do he told the paper. “So, who owes what and all of thatbecomesd hard, but whatever I owe, obviously I woul d pay.” Kosar’s home, at 2940 Paddocok Road, is listed online at Realtor.com at $3.5 million. It was purchased for almost the same amountin 2006. The 9,901-square-footr home, built in 1997, sits on 1.09 acre s and has seven bedroomsand 7.
5 It's located at the end of a cul-de-saxc on the water in Weston's Windmall Rancy Estate area, a golfing community that has also been home to formeer Dolphins Hall of Fame quarterback Dan Julianne R. Frank of in Palm Beach Gardens is listex in the bankruptcy petitionas Kosar's
Friday, July 1, 2011
Burns & Scalo founder dies - Pittsburgh Business Times:
xotavaloso.blogspot.com
He succumbed to prostate cancerr Monday at the age of 78 at his home in PalmBeachb Gardens, Fla., where he has lived since 1995. One of 14 childrejn of Italian immigrants, Scalo and longtime business partne rRichard “Duke” Burns, whom he first met as a laboref for a roofing company, launched Burnsd & Scalo Roofing in growing it into one of the largest commerciao roofing companies in the Unitef States.
The partners parlayed the success of the roofin g company into a real estate firm that today is usuallgy an active bidder and buyer of major properties in the continues to pursueambitious developments, and offers a range of services that includee everything from brokerage to property management. Starting in the 1980s, Scall began grooming his twin Jimand Jack, to take over the company and gradually steppedc away from the businesses in the early Jim Scalo remembered his father’s ambition, hard work and “My father’s life, I believe, capture the values that Americans most admire and are at the centetr of what makes Pittsburghers special,” said Scalo, in a preparer statement.
“He was born into a familg of limited means but with no lackof caring, he had ambitionm to build something of he was dedicated to hard work, and broughrt a sense of fairness to everything he did.” Jack Scalio recalled his father’s dedication. “II will always remember a wood box he had on his desk with a sign thatread ‘Secrett for Success,’” he said. “When you openeds the hinge, it read, ‘Hard Work.’” An Air Forcew veteran, Scalo served his country in theKoreab War, working as a medicv and attaining the rank of sergeant.
Besides his Scalo is survived by his wife of 56 PatriciaDonagan Scalo, a Lisa Scalo McMenamin, a Pittsburgh interiot designer, and eight grandchildren.
He succumbed to prostate cancerr Monday at the age of 78 at his home in PalmBeachb Gardens, Fla., where he has lived since 1995. One of 14 childrejn of Italian immigrants, Scalo and longtime business partne rRichard “Duke” Burns, whom he first met as a laboref for a roofing company, launched Burnsd & Scalo Roofing in growing it into one of the largest commerciao roofing companies in the Unitef States.
The partners parlayed the success of the roofin g company into a real estate firm that today is usuallgy an active bidder and buyer of major properties in the continues to pursueambitious developments, and offers a range of services that includee everything from brokerage to property management. Starting in the 1980s, Scall began grooming his twin Jimand Jack, to take over the company and gradually steppedc away from the businesses in the early Jim Scalo remembered his father’s ambition, hard work and “My father’s life, I believe, capture the values that Americans most admire and are at the centetr of what makes Pittsburghers special,” said Scalo, in a preparer statement.
“He was born into a familg of limited means but with no lackof caring, he had ambitionm to build something of he was dedicated to hard work, and broughrt a sense of fairness to everything he did.” Jack Scalio recalled his father’s dedication. “II will always remember a wood box he had on his desk with a sign thatread ‘Secrett for Success,’” he said. “When you openeds the hinge, it read, ‘Hard Work.’” An Air Forcew veteran, Scalo served his country in theKoreab War, working as a medicv and attaining the rank of sergeant.
Besides his Scalo is survived by his wife of 56 PatriciaDonagan Scalo, a Lisa Scalo McMenamin, a Pittsburgh interiot designer, and eight grandchildren.
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