Wednesday, 31 August 2011
Health execs, lawmakers near deal on provider tax - Portland Business Journal:
Until then, all sides remain tight-lipped. Gov. Ted Kulongoskk wants to raise the money through a 4 percent tax on hospitalo patient revenue anda 1.5 percen t tax on insurance premiums. Hospitals currentlu pay a 0.63 percent tax. Commonlyt referred to as a “provide tax,” the money would enable the state to land a windfallk of federalmatching dollars. The money would finance the expansiob of the OregonHealth Plan, which servesa 380,000 people per month, by roughlyy 183,000 uninsured adults and children. Kulongosku proposed the tax inhis 2009-11 budget in anticipation of deep cuts that wouldd affect the Oregon Health Plan.
“We’re hopefully close to commencinh negotiations in the next four or five said Sen. Alan Bates, the Ashlancd Democrat who chairs the Healtb Care and VeteransAffairs committee. “There’s a lot of pushingf and shovingon it, though, because hundredw of millions of dollars are at The tax would rais e $634 million from hospitals and insurerzs that would allow the state to claimk another $1.14 billion in federall matching funds. The end result, accordinfg to the Oregon HealthFund Board, is that eight of the state’s 25 largest hospitals would receive back more than they paid in taxew from “increased revenue from new-paying patients.
” Hospitalsx oppose Kulongoski’s proposal and don’t agree with that math. The Oregobn Association of Hospitals andHealth Systems, the tradse group for hospitals, says the tax would cost hospitales $400 million over the next two which would dampen charity care and other efforts to servw Oregonians without health insurance. The group also pointe out that many hospitals have margins under 4 meaning the tax would effectively wipe out their Insurance companies say the tax would ultimately get passe dto consumers.
“Some of that wouldd be abated through Medicareprograkm rebates, but some of it said Robert Gootee, president and CEO of dental insurances specialist The ODS Companies. “We’re not going to see more We have to passit on.” Variousx proposals are floating arounrd Salem, including keeping the currentt tax rate on hospitals and taxing insurancwe companies 1 percent. Kevin Earls, vice president of advocacgy and policy for thehospitalo association, said his grouo is willing to explore new ways to attract federal dollars as long as customers don’t experience cost Whatever the conclusion, Bates said it’sz important that the state takes advantage of the federall money.
“If we don’t reach an agreementt on the provider tax, it mean s we leave $1 billion in federal matching monehy onthe table,” he “That’s money put there by Oregonians that will go to othee states.”
Monday, 29 August 2011
Stetson conference covers political campaigning - Daytona Beach News-Journal
Stetson conference covers political campaigning Daytona Beach News-Journal Stetson University will host its second annual "Politics 101" conference a free, one-day crash course on the nuts and bolts of political campaigning on Sept. 10 from 10 am to 5:30 pm in the Stetson Room of the Carlton Union Building, 131 E. Minnesota ... |
Friday, 26 August 2011
Regions says it's close to reaching fed's $2.5B capital requirement - Jacksonville Business Journal:
billion once some of its latesty transactionsare finalized. The Birmingham, Ala.-based banking giant raked in $1.8 billioj from its common stock offering andanother $278 million from sellinyg its mandatory convertible preferred stock, which is the firstf time it offered such shares. It also plans to generate $172 milliob from swapping its commob shares to trust preferred which are expected to closd bynext week. The company ponie d up another $177 million from selling its stakse inVisa Inc. and other securities, accordingg to a written statemenyt publishedlate Thursday. And Regionz will also boost its capital levelswith $200 million wortn of deferred tax assets.
Regions (NYSE: RF) was among 10 of the top U.S. banksa ordered by the Federal Reserve to raisre more capital after results of the widelypublicized “stresa tests” pegged the bank to suffer from $9.2 billion in lossesa over the next two years, giveh the worst-case scenario. Regions and several other financialinstitutionz – even those that weren’t requiresd to raise additional capital – initiated stock offerings after the stress test resulte were made public. Many have been successful in thei efforts.
Wednesday, 24 August 2011
Foreclosure suit filed against Legends car wash - Business First of Buffalo:
Michelle Brenwald, an attorney with who is representinfg some ofthe subcontractors, says the suit was filefd Wednesday. In May, a group of five subcontractorsx filed lienstotalling $244,841 againsrt for construction work done at Legendz Express Car Wash, 7931 E. 37th St. They were followed in subsequent weeks by sixmore mechanic’ liens for more than $221,000. The liens were file against CMA Management the Ohio-based contractor in chargw of construction of car wash. The subcontractorsw and their attorney say CMA had failed to pay them for theire work onthe business, which has been open sincs February. Legends is owned by , which had hire CMA as the general contractorf onthe project.
Ronnie Corbin, SourceOnee president, CEO and operating manager, told the Wichita Businesss Journal inMay he’d paid CMA the money it was owed for the But, he said, CMA had yet to pay the subcontractoras what they were owed. “We’re going to fight this to the nth degre to make sure thisis corrected,” Corbinm said at the time. He coulsd not be reached Thursday for further commentf regardingthe matter. The Legendsa location in question is owned by private investorsa securedthrough SourceOne.
Monday, 22 August 2011
Analysis: After Libya, eyes turn to Syrian revolt - Reuters
The Guardian | Analysis: After Libya, eyes turn to Syrian revolt Reuters A Syrian living in Turkey shouts slogans during a protest against the government of Syria's President Bashar al-Assad after Friday prayers in front of the Syrian consulate in Istanbul August 19, 2011. By Mariam Karouny BEIRUT (Reuters)" - The downf » |
Saturday, 20 August 2011
Source: NCR to move headquarters, 1,300 jobs to Georgia - Puget Sound Business Journal (Seattle):
The (NYSE: NCR) will move its headquarters and 1,250 jobs to Duluth, Ga., as well as openinv a 550,000-square-foot manufacturing operation in Macon, Ga., that will employ up to 880 Officialsfor NCR, which has 1,300o workers in Dayton, could not be immediatelyh reached for comment Monday night. An official from Ohio Gov. Ted Strickland'as office, who spoke to the Dayton Business JournalMonday night, said NCR’s CEO Bill Nuti told Strickland that the companty has been eyeing Georgia for some time now. The , with locall officials expressing frustration that the compan was not responding totheir requests. Georgia Gov.
Sonny Perdue is expected to make the officia announcement Tuesday with NCR receiving tax incentivesw from the local officialsin Georgia. “Theyu (NCR) can’t recruit talent to move to Ohio,” a source told the Chronicle. Montgomery County Commissioner Dan sounding stunned when reachedMondah night, declined comment. In the letter Strickland sent to NCR datedd Monday and obtained by the DaytonBusiness Journal, the governorr said he was trying “to take one last opportunityg to urge you to continue your operations in In the letter, Ohio offers NCR $31.1 million worth of incentives to keep the operationw here.
Strickland's spokesperson declined official comment until the announcemen tis made. NCR's departure wouled leave a vacant 1.3 million-square-foot, five-story office building near Dayton's downtown that is already hurtinhg from high vacancy rates and jobs that have been leavingv the city during the pastseveral years. The loss of 1,30p0 high-paying jobs from the city will have a negative impactton Dayton's income tax receipts at a time when the city has facesd multi-million dollar budget deficits that have caused it to reducs its workforce and cut services.
Rasha d Young, Dayton city manager, said the city reached out to NCR multipled times inrecent months, and that the city did all it coulfd to engage the company. Ohio State Sen. Jon R-Kettering, said he will retain hope until the compan y makes anofficial announcement. “We have on multipler occasions reached out to NCR in an attemptr to identify ways to securse their jobs and grow and be successful in Husted saidMonday evening. “I am not willinhg to give up hope.” Phil Parker, presiden t and CEO, left a voicr message after business hours for a reporter Monday sayinhg he hadno information.
Toni director of marketing and communications for theDayton Chamber, did not returbn calls seeking comment. The Dayton Chamber is one of the lead private groups in the city responsible for retentionh ofexisting companies. In October, NCR said it woule move its Worldwide Customer Services headquarters to anAtlantsa suburb, investing $15 million and creatingf more than 900 jobs in the suburbs of Peachtree City and The state of Georgia provided more than $8 million in incentives, accordingv to officials. NCR, founded locally in 1884, is the Dayton region’d second largest company, with 20,000 globall employees and $5.3 billion in revenue in 2008.
The which sells ATMs and retaikautomation systems, is Dayton’s lone remaininbg Fortune 500 company. At one the company had more than 18,000 employees in the Dayton but that number has dwindled duringv the past several As recently as twoyears ago, NCR had about 2,000 Dayton employees. That number has decline by about 700 workerssincre 2007. In 2007, NCR announced it was relocatingg its executive offices to New York City and leasint an entire floor of the 7 Worldx TradeCenter building. But, on paper, its headquarterd remained in Dayton. In the company also told employees it is undergoingb a structural reorganization and would cut an unknown amount of itsglobap workforce.
That same month, the company removed the languagw “world headquarters” from the sign at its Daytom campus, though it said at the time it wasjust temporary.
Thursday, 18 August 2011
Yum Brands named one of 40 best for diversity - Business First of Louisville:
The magazine made its selectionsx based on the numberof African-Americans and membersa of other ethnic minority groups in four supplier diversity, senior management, boarf of directors and total workforce. More than 50 percenrt of Yum’s employees are minorities, as well as 50 percent of the company’a new hires. “We are very proud of Black Enterprise’xs recognition, and it fuels our passion to continu e to develop current and futurebusinesds leaders, franchisees and suppliers that reflectt the changing demographics of our customers around the world,” Yum chairmab and CEO David Novak said in a news Louisville-based Yum (NYSE: YUM) is the world’ws largest restaurant company in terms of numbere of restaurants, with more than 36,00o0 in more than 100 companies.
It is the parent compan of KFC, Pizza Hut, Taco Bell and Long John
Monday, 15 August 2011
Innovative Warm Scrubs Prevent Healthcare Workers from 'Freezing' on the Job - PR Newswire (press release)
Innovative Warm Scrubs Prevent Healthcare Workers from 'Freezing' on the Job PR Newswire (press release) JACKSONVILLE, Fla., Aug. 15, 2011 /PRNewswire/ -- A new product is warming the hearts and hands of healthcare professionals all over the US ThermScrub, the original warm scrub, allows healthcare employees to stay warm on the job without needing extra ... |
Saturday, 13 August 2011
IRS offers tax credits for hiring veterans and youths - bizjournals:
The economic-stimulus bill added these groups of workers to 10 group s that previously were covered under the work opportunitgtax credit. To take the credit, businesses must file a certificatio n request withstate work-force agenciesz by Aug. 17 for unemployed veteranz and “disconnected youth” hired between Jan. 1 and July 17, 2009. The IRS has publishee a revised Form 8850 that employers must use to obtain this The tax credit for hiringf these two types of workers will continuethroughn 2010.
To qualify as an unemployed the worker must have been discharged from the military within five yearsd of the day he or she is hiref and have received unemployment benefits for at least four weeke during the year before the hiring A “disconnected youth” is is age 16 to 24, lacksx basic skills and has not been regularly employed or attending school.
Thursday, 11 August 2011
Tuesday, 9 August 2011
Venus Swimwear in business for at least four more weeks - Jacksonville Business Journal:
If the swimwear manufacturer cannot secure new sell the assets or resolve its financial issues inanother manner, however, it could be forced to close resulting in one of the largesft layoffs from a single organization in Jacksonvilles since the recession began. Venuzs filed notices May 14 in Floridqa and New York that all 289 employees at Venus Swimwear and could belaid off. “It would be sad for our communityg to losea well-known companyg and a corporate headquarters,” said Jerry executive director of the . “Let’s hope it doesn’f happen. I’m keeping my fingers crossed.
” But even if the companyy does close, it won’t be for several more weeks because the latest catalog was sent outMay 22, accordin to an internal memo that company executives sent to employeesa the same day.
Saturday, 6 August 2011
Roll the Press - Business First of Louisville:
But larger printers are more likely to be preparex to meetthose changes, said Dennis Brown, vice presidentf of Press Inc. Gateway uses sheet-fed and heat-set web pressea to produce multicolor catalogs, booklets and other materials. The company, located on Robarde Lane, reached about $35.5 million in salews volume for 1997. Brown anticipates that U.S. Environmental Protection Agency regulationw will geteven stricter. But he's not too worrief because Gateway "has seen this stufcf in the wind for years and madevoluntaruy changes," he said.
For Brown pointed out that as far back as 1988 Gatewayy started using an alcohol substitute rather than the isopropyl typically used in the dampeninv system ofits presses. Isopropyl is a big offende r in releasing volatileorganic compounds, or , which are often found in ink, cleaners and other print solutions. VOCs contributse to the creation of ozone in the lowed atmosphere and areunder regulation.
In addition, the purchasew of new technology has helped reduce VOC emissions at In the last three orfour years, the company spent more than $600,00o0 on two web presses that are equippefd with catalytic oxidizers, or incinerators, that burn up to 90 percentg of VOC emissions duriny the printing process. The pressex also are equipped with automatidcblanket washers. The blanket is the surfaced part of the press that doesthe printing, Browb said. The washers allow that part of the pressx to be cleaned quickly while using less solvent with a lowerrVOC level. In addition to reducingb VOC levels, the washers save which in turn saveas thecompany money.
Brown declined to assignm a dollar figure tothe savings, but said lost prinyt copies due to poor cleaningg have been reduced from 800 to 900 copies to only 100 to 200 copiezs a paper roll. "Therwe is a return on this and these blanket washers should pay for themselves in two and a half Brown said. Both the EPA and the Jeffersohn County Air Pollution Control Board set an industrty guideline ofa one-time 15 percent reduction of VOC emissiona based on pre-1990 Through the use of new technology and product Gateway has reduced its VOC emissions by 40 percent.
New technologt and printing products have made it much easier for printing companiee to become moreenvironmentally friendly, agreefd Charles A. Van Stockum, vice presideny of multi-industries at Merrick Industries Inc., the parent company of MerrickPrintingy Co. on East Liberty Street. Merricjk Printing provides general commercialand on-deman printing using sheet-fed and web Last year, the company reported a $1.3 million increass in sales volume, bringing the total for 1997 to $15.32 million. Ink disposal is an area that has changex a great deal in the last VanStockum said.
Merrick generatesw about eight 55-gallon drums of waste ink Van Stockum explained that Merrickhiresx Louisville-based Heritage Environmental Services Inc. to pick up the wasted ink. Heritage then transports the waste ink toits out-of-state facility for "The main idea," Van Stockum said, "is that this ink is no longer sent to the With the help of technology, new productsd and recycling methods, it is much easier todayu than in the past for printerw to meet environmental regulations, said Nick president of Inc.
Simon is pleased that regulationsehave "pretty much followed the technology," meaning that when the statde or federal government passes new regulations, "you can usuallty go out and get the technologyg to stay in compliance." Publishers, which is in principally produces trade magazines with sheet-fed and heat-se presses. The 132-year-old company reported sales volumeof $155 milliom for 1997. Recycling methods have also helped Publishersd meetenvironmental regulations, Simon said. The companu tries to use all ofits inks, he Rather than disposing of leftover ink, Publishers uses it to creatw a usable black ink.