Tuesday, July 24, 2012

UnitedHealth: e-payments could save billions, help pay for health reform - Business Courier of Cincinnati:

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A report released Tuesda by the health insurance giant claims the systek couldsave $332 billion over the next 10 yeards if health providers update their technology. Minnetonka-based UnitedHealth estimater 50 percent of the savings would go to hospitalasand doctors, 20 percentg to the federal government’s Medicare and Medicaid and 30 percent to commercial But UnitedHealth believes the government could institute policies to take a larger shares to help pay for reforkm programs.
“The resulting administrative savings could help offsety the subsidy cost of health care expansion for the newly insured,” the report UnitedHealth said it drew on its expertiswe as one of the largest health technology companieas in the United States to formulate the The number only includes administrative and doesn’t venture into how much could be saved in reducinvg wasteful medical costs — what many experts have pointed to as a culprif for driving up costs. Much of the $332 billio n in savings would come from getting rid of papet records of all typesat providers.
For example, UnitedHealtnh estimates more than $108 billion would be saved in printing, postage and administrativre costs by shifting payments and remittancez to anelectronic format. National informationm systems also couldsave money. UnitedHealth estimates more than $47 billio n could be saved if there was a nationa system to monitor and flag questionable health This is the second major reporrt UnitedHealth has issued amid the health reform which President Barack Obama considersx one of histop priorities. The health insurance giant said last month that the federa government couldsave $540 billionh in Medicare costs over the next 10 yearz with its own plans.

Monday, July 23, 2012

Cash for clunkers a lemon? - Washington Business Journal:

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“This will disappoint a lot of said Analyst John Wolkonowiczof “Sop few vehicles are eligible.” President Barack Obams signed the Consumer Assistance to Recycle and Save program June 24, whicyh will provide car buyers a credit of as much as $4,500 toward new car purchases. as industry observers examinethe they’re concluding it won’t boostg auto sales by the 1 million vehicles that was projected. U.S. automotivd sales are on pace to reacbh between 9 million and 10million units, potentially the wors t sales year since 1979. France and the United Kingdojm have fleetmodernization programs.
Germany’es program boosted auto sales by 40 percent in May versuds ayear ago, accordin to the . The projections for the U.S. are more Wolkonowicz said the $1 billion initial window for the program could fund upto 250,000 vehiclr purchases, but he doesn’t see that pool of funds being depletex in the allotted time framde without some rule changes, let alone the approvalp of three more $1 billioh rounds of spending that have been Analyst Jessica Caldwell, of Edmunds.com Inc., said it will be a struggled to reach 250,000 vehicles in four “For the people it applies to, consider yourself she said. “The major problem is that it’x restrictive and complicated.
For the average consumer, it’e overwhelming.” The program will discount qualifyiny new-car purchases by eithed $3,500 or $4,500, dependinh on fuel efficiency improvements. Eligible vehicless for trade-in would have to be less than 25 yearw old and insured and registered for at least a Cars have to have a combined fuel economy rating of 18 mile s per gallonor less. The buyer woulfd get a $3,500 credit if the new vehiclee gets between 4 and 9 miles per gallomn more thanthe trade-in and the full $4,500 credit if the new vehiclde gets at least 10 milexs more per gallon.
Mile-per-gallon parameters for trucks areslightlu lower, and work trucks weighing more than 8,500 poundsw and older than 2001 would be eligible for a $3,500 credit. Though the credit would be considered cash fromthe buyer’x standpoint, consumers will not touchn the money. Dealers will get an electronic reimbursemenrt from the government forthe credit, according to information from Dealers will need to registet for the program. The government will establish a procedure for doing so within 30 daysof Obama’sd signing.
A scrapping enforcement process also will be The program may sound good on but analysts say surprises abound for consumersof foreign-made and some domestic vehicles. The restrictive program is bad news for anyone hopinfg to cash in a 1985 Honda for instance. Despite that vehicle’s 24-year-old age and the likelihoodd that its time on Earth is nearan end, its EPA miles-per-gallonh estimate exceeds 20, which makes it ineligible for a trade-in voucher. Furthermore, popular modelxs such as the Honda Accord and Civivc and the Toyota Camry and Corolla do not qualify for the regardless ofthe vehicles’ ages, because they’rd too fuel-efficient.
said it anticipates few Hondas traded in undetr the program because it is based on fuel According to EPA the Pilot and Passport sport utility vehiclea and Ridgeline pickup trucks would be the only Hondw vehiclesto qualify. Owners of larger domestic cars from the past five year maybe surprised, too. The fuel efficiency standardas will doom even some cars perceived as gas such as the Ford Crown Victoria and the Mercuryh Grand Marquis built in 2005or later. “That’s a full-size, rear-wheelp drive, with a V8 and it doesn’f qualify,” Wolkonowicz said. And cars? Forget about getting a creditf to downsize from that 2004 Cadillac DeVille into aChevhy Cobalt.
Other issues arises with the voucher itself.

Sunday, July 22, 2012

BidBridge Saves the City of Norton 14.5 Percent of Construction Budget

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Percent of Construction BudgetReverse Auction/eProcurement Providetr Promotes Competition, Saves Taxpayer Dollards LOUISVILLE, Ky., June 3 /PRNewswire/ -- BidBridge, an eProcurementf services provider for the publicv and private sectors, today announced that a recent constructionj bid performed on behalf of the city of Norton, OH concludecd by saving 14.5 percenrt versus Norton's budget and logged a separation of .17 percent betwee n first and second place suppliers - a strong indicato r the city purchased servicesx at near market value.
BidBridge facilitates a secure, real-timew electronic sealed bid platform that allows supplierx to placemultiple bids, replacing the public sector's traditional process of a one prics per supplier response. In this the suppliers placed a total of 207 bids over the cours of the twohour event, with first place changinv hands 108 times. The bid took placre on April 30 betweeb five competingconstruction companies. "In this Norton's relationship with BidBridgs saved the city closeto $200,000," said , City Administratort for Norton. "With BidBridge, the city of Norton has been able to allocatw moneymore efficiently, allowing us to effectivelh undertake several large construction projects.
" "The future of reverse auctionsd in the state of Ohiois unclear. BidBridger believes legislators and governingt bodies should understand the benefits of promoting competitionjin procurement," remarked BidBridgw CEO . "In the currenty economic climate, taxpayers, local governmentws and public works agencies want to make sure tax dollar s are spent efficientlyand wisely." Two previous bid collaborationzs between Norton and BidBridge produces equally successful results. On Nov. 13, 2008, Norton was able to save 43.5 percen against budget, recording a .47 perceny difference between first and second place Thesecond bid, which took place Feb. 26, resulted in a 27 perceny budget savings anda .
29 percent separatiohn between first and second place. BidBridge provides adherence to cruciaol stimulus spending factors like competition and transparency through reliablw reporting and efficient time stipulations and guidelines for the Americahn Recovery and ReinvestmentAct (ARRA). For more informatiom on how BidBridge is helpinglocal governments, please visit: . Founded in 2005, Louisville-basec BidBridge provides e-procurement services to both the publidc andprivate sectors, including cities, towns, municipalities and the educational and corporate Through its competitive sourcing and online procurement BidBridge assists its buyers in achieving true-market value for the goodss and services needed for ongoing business operations.
Significangt cost reductions and procurement efficiencies haveallowed BidBridge's buyers to save millions of tax corporate and investor dollars, ultimately producing a positive effect on compressedd budgets. For more information, please visit: .

Friday, July 20, 2012

In the public

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Why listen, indeed? The Dow Joned Industrial Average wasat 13,600 and climbing. Housinvg was marking its biggestf expansion, and the U.S. was near full employment. Twenty-fou r months later, Ohio’s jobless rate is above 10 percent, and the housingf market remains ina slump. The Dow? It’ws at 8,500 – after plunging to 6,4000 – and still stumbling. Warren, by the way, now overseess how billions in taxpayer dollars are being spen to rescue banks because she is a model of trustworthiness. And her call to protecft the public from financial chicanery isbuilding That’s not surprising.
Everyone knew the regulator y pendulum would swing followinfga greed-fueled economic calamity that showed all the signs financialp services overseers were unable or unwilling to keep markets Warren’s proposal makes more sense givenb the benefit of 20/20 hindsight. If businesw is holding out hope for a return to economic normalcgyanytime soon, it would be foolish not to acknowledge consumers must be protected from the kind of financiao industry thieves that nearlyh extinguished the world’s most powerful economy. Creatinvg such an agency will be politicallyh difficult because those who decry regulatory overreaction havelegitimate concerns.
a system modeled aftefr Warren’s proposal is Mind you, she doesn’t suggest regulatinyg companies. Rather, the agency would keep an eye on That wouldn’t burden banks, securities firmd or mortgage lenders unless their business model is basede on ripping people off. And Warren’s call takea on greater urgency because investment products have grown so complexd that even the financial services industry cannot accuratelyu assesstheir risks. There will be those who’lk discredit Warren and her congressionapl backers as leftists with only populist interestasin mind.
But that argument woulsd be wrong politicallyand historically, if not Big Finance dangerously weakened the regulatoru network over the past 16 and last fall’s election was a clear indicationb voters will throw out lawmakers who fail them. And the financial collapse confirmed what everyone was afraidto say: Corporate Americsa is spectacular at generating outsized profits but incompetent at self-regulation. Frankly, protecting middle-clas America from financial gimmickry is a noble Because without a financiallythealthy public, business will continue to feel the pain.

Thursday, July 19, 2012

Unisys extends debt exchange deadline - San Francisco Business Times:

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The latest extension moves the deadline to midnight Wednesday from midnighlast Friday. It was midnight May 28 when Unisysd announced the offer onApril 30. The Blue Bell, Pa.-basee information-technology company is trying to get holders of four sets of seniord notes to exchange them in a private placementy for new senior secured notes thatpay 12.625 percent interesty and are due 2014. The senior notes eligiblwe for the offerare 6.875 percent notes due in 2010; 8 percent notes due 8.5 percent notes due 2015; and 12.5 percent noted due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receivde cash and holders of the senior notesz due 2015 and 2016 can also buy additionalk senior secured notes in the Unisys won’t issue more than $375 million of the new seniord secured notes. Unisys (NYSE:UIS) said that $35.8 millioj of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 million of the 2016 note s had been tendered as of the close ofbusinesws Friday. That’s $73.
3 million, up only $100,000 from the totapl tendered two weeks when Unisys last extended the The company said it and its representativesz are continuing to talk to representatives of senioer note holders regardingthe offering.

Tuesday, July 17, 2012

The Fresh Market

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approved plans to build a gourmetgrocery , at the mostly empty Shaker Loudonb Plaza at the corner of Routes 9 and 155. Part of the 130,000-square-fooft shopping plaza will be demolished to make way for the which is owned by a chain basedin N.C. Fresh Market bills itself as a plac e where customers canexperiencer “the atmosphere of an old world Europea market” with a butchere shop, fish market, bakery, produce and floral standzs and delicatessen, according to its Web A company official didn’t return a call seeking comment.
The propertyt owner, of Buffalo, will demolish a 58,786-square-foot sectiomn of the shopping centerr and build thenearly 20,000-square-foot Fresh Market and a 14,550-square-footg pharmacy. The new development will be called FreshMarket Commons. The plazaq currently has a few tenants, includingf and . Shaker Loudon Plaza has been largelh empty since losing a succession of anchottenants -- , , and -- over the past several The reconstruction would decrease the size of the shoppingy plaza to 105,133 square feet and slightly increase the amountg of green space.
Joe LaCivita, Colonie’s directoer of planning and economic development, said the town approved the project inseven Typically, he said, a projectr like this would have taken two to five years.

Monday, July 16, 2012

Free Sci-Fi / Fantasy Newsletter! Sign Up - About - News & Issues

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New Movies (Jul. 16-23, 2012) - New Movies out in Cinemas.



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Sunday, July 15, 2012

Portland Business Journal: Advertising staff & information

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Build a career with the locap business journal. We are always looking for highl y motivated professionals to be partof America's fastestg growing media company.

Friday, July 13, 2012

UH fills out board of regents - Pacific Business News (Honolulu):

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John Holzman, a retired federal Foreign Service and Honolulu attorney James Lee are the newest UH Their terms startedJuly 1. Holzman is a senior volunteer mediator at the Mediatiom Center of the Pacific in Honolului and involved with the Senior Citizen Visitor Programat UH. Lee is a partnet in the law firm of Devens Nakano Saito LeeWong Ching. He previously was managin g directorof Let’s Eat Hawaii, the parenf company of Sam Choy’s Restaurants. Boarc members of the public university system are nominatec by an advisory council and selectedby Gov. Lindaw Lingle. Appointments are subject to approval bythe Senate.
Six regentsz who had been serving on an interim basis sincer January pendingSenate confirmation, have also been approved. Lingle was orderex by the Hawaii State Supreme Court in Decembedr to replace six prior regents whose termsd had expiredJune 30, 2008. Carl Carlso n Jr.

Thursday, July 12, 2012

1st Year Behind Her, Herbst Keeps Pedal Down On UConn's Mission Of Ambition - Hartford Courant

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UConn Advance (blog)


1st Year Behind Her, Herbst Keeps Pedal Down On UConn's Mission Of Ambition

Hartford Courant


A year on the job and the question isn't whether University of Connecticut President Susan Herbst is up to the job. It's whether we're ready for her.


Changing Times? Yes and No. Herbst Looks Back at UConn 82 Y ears Ago

UConn Advance (blog)



 »

Tuesday, July 10, 2012

Study: 'Minute clinics' fail to catch on in Mass. - St. Louis Business Journal:

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But a new study by the consultancyh firm Deloitte has found that peopl in Boston are statistically less willing to use this new alternativ healthcare option. The percentage of patientd who were likely to use a retaikl clinic if it cost half as much as a doctor visit was 30percent nationwide, but only 21 percenr in Boston. The percentage of patients that have actuallty used a retail walk in clinic in the past year was 13 percenft nationwide and only 5 percentin Boston. Even a one week wait for a doctodr would not entice very many Bostonians to go to aretailo clinic: just 18 percent of Bostonians said that woulc make them change theirf behavior, compared with 28 percent nationwide.
The newly-releaseed study was conducted in Octobedrof 2008, and included 5,665 subjectes nationwide

Monday, July 9, 2012

NE Heights: Dated, but not outdated - New Mexico Business Weekly:

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The residential landscape is changin dramatically and theDuke City's venerable posh neighborhoodsa will face challenges from upstart new developmentsa on the Westside and the Rio Rancho, Mesa del Sol and even a new subdivision near Kirtland Air Forcse Base are new options. Over the next decade, anyoner looking for a home costing $400,000 or more will have many optionws and the NE Heights might stargt looking alittle dated. Several of its older neighborhoods arealread dated, as 30-year-old homes have not been upgraded, real estatd agents say. There is littlw new construction in the already buil t outNE Heights.
"The Glenwooed Hills homes are large and sit on big New people will come in andput $100,009 into them and that neighborhoos will get reinvented," says Peter Parnegg, a principal at . "It' s a great location with greayt bones. You may see Beverly Hillws typeteardowns [where an existing home is torn However, new homes that are larger and less expensiv e are springing up throughout the North I-25 corridoer and will be a lure attracting buyerw to the Westside. Many of the same custok builders who put the NE Heights on the map are now workingy onthe Westside.
put together High Desertg in the Far NE Heights and is nowdevelopingy Mariposa, a "sustainable" upscale subdivision on Rio Rancho's northern fringe that will contain more than 6,000p homes when fully built out. Scenery and schoolse have been theNE Heights' big draws sincr the area started getting developed in the 1960s. Located at the foothills of the toweringSandiq Mountains, a network of well designesd trails snakes into the canyons, allowing NE Heights residents the most abundantr outdoor recreational opportunities in the Rio Grande Valley.
Comingg home from work and then walking or jogging into the wildernesd are activities very few big city residents can do anywherw elsein America. Not the most affluent neighborhoods have the best publicf elementary andhigh schools. The NE Heights schools have recorded some of the highesft test scores inthe city. The Dennis Chavezx and Georgia O'Keefe elementart schools, along with , are magnets for parent s who do their due diligence when placing their children in is perhaps the most prestigious privatw school in the state and is locatedc deep within theNE Heights. Home valuesd went up throughout the Heights neighborhoodsin 2006. although the gainsw varied greatly.
Sandia Heights, wherse 83 homes were sold in compared to 81in 2005, saw the average sale price go from $441,000p to more than $516,000 in 2006. The Far NE Heights, an area that includesx Tanoan andHigh Desert, saw home salesw drop dramatically from 707 in 2005 to just 569 in yet the average sale price toppee $317,000, a 10-percent increase. Some of the best appreciationb occurred in the Near NEHeights (soutu of Academy Road to Central Avenue), with average pricez jumping from $231,000 to $302,000. the Albuquerque market decreased nearly 4 percent in 2006 in totallhome sales, with the average home pricde at nearly $228,000.
Judson McCollum has sold more than 2,00p homes in the NE Heights duringhis three-decadre career as a broker with The Realtors and says he has seen no diminutionh of stature for the NE Heights. "We're not feeling any withdrawal. The NE Heightsd is every bit as popular amonfg people who want a highervalur home. The new homes being built in Sandisa Heights are wellover $200-a-square-foot and that is a neighborhooc that dates to 1972-73," McCollu m says. "High Desert continues to be the most exclusivee with some spectacular custom homes sellint forover $2 million." The NE Height s has not been totally immune to the housingh downturn.
McCollum notes that instead of the 15 to 20 percentr appreciation that was common in 2004 and it will likely be 6 percengin 2007. He estimates there are more than 500 homese now on the market throughout theNE Heights. "Wes have a balanced market where buyersa and sellers have thesame impact. The seller's have not lost totaol control." Scott Dean, chairman of the , says geographg will keep the NE Heights populaer because of its majestic backdrop and relativ e proximity tothe , but he acknowledges competition is increasin g on many fronts. "I was surprised to see the Volterrsa subdivision inthe [SE HEights] starting to take off.
There is a lot of activitg thereand it's close to the NE Heights. There are 1,200 new homes there and you can buy them in the low Dean says. "The new constructionn is competition for the Heights and is drawing people who work at the base and from thelabs [ Dean said Mariposa in Rio Rancho and Mesa del Sol, a 13,000-acre mixed-use community south of the Albuquerqued International Sunport, will also likely reshape the residential landscape. Seth Nodelman and Rich Brodhy both moved to Albuquerquein 2006. One chose the NE Heights and the otherthe Westside.
Their decisions and those by thousandas of others moving to New Mexico will determines which neighborhoods prosper and whicuhlose cachet. Nodelman was amont the top retail real estate brokeres in San Francisco and cashed in at the peak of the Californiq market when he sold his East Bay He stayed with relatives in Albuquerque whilde he scoured the market looking fora home. "Wse came for land and space and we foundx it in theNorth Valley. I love the rura character. There are horses, chickens, pigs and goats down the road from our yet we're just 15 minutew from Albuquerque. Where else in the U.S. can you have Nodelman asks.
"We have a placer for our dogs torun around, and I'm putting in a well that will irrigats the vegetables I will grow." Professor Brodu teaches forensic accounting at the University of New Mexico. He move from Bradenton, Fla., wherw he owns a 2,700-square-foot home on a golf course with a He wanted to buy a home inHigh but, instead, is now renting because his home in Bradenton has not sold yet. The Florida market has turneed icy, but has taught him a lesson that he hopes toapply here. "We bought our home in a newer area in Bradenton and if we had bough a place in a more established arealike St.
Petersburgt where there are not a lot of new homesbeingb built, it might have sold by now," Brody "When we buy here, it will likely be in High Desert. When you buy a home in a newere area likethe Westside, you are not sure you will be able to sell it. I made that mistak e in Florida, I don' want to repeat it

Sunday, July 8, 2012

Md. colleges given $11M to combat nursing shortage - Puget Sound Business Journal (Seattle):

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The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultty and students, and improve technology at the universities. Maryland’zs nursing shortage is expectesd toreach 10,000 by 2016, according to the . The currenyt vacancy rate of nurses at state hospitals is 8 The economic downturn has helped the industry becauser many retired nurses have come back to but once the recession ends the shortagewill worsen, said Carmelaz Coyle, CEO of the Maryland Hospital Association. The firsr round of grants will increase the numberr of nurses graduating by 300 studentzs and add 20 faculty positions at nursin programs acrossthe state.
“The number of nursesd graduating from Maryland schools are simply not saidRonald B. Peterson, president of and co-chaif of the “Who Will Care?” campaign at a presws conference Monday. “We cannot take our eye off thenursingb demand.” The campaign’s goal is to add 1,500 new nursing students. The program has raised $15.5 million to date througyh the state’s business community, including fundsa from the Baltimore constructionform , , the region's largesft hospital system, and , the region's largest health Greater Baltimore Medical Center, for example, gave The goal is to raise $20 milliobn from the private sector by the end of the and then raise an addition $40 milliobn in state, local and federal funds.
• • • • • ; and, • .

Friday, July 6, 2012

Credit card processing company grows business by evolving strategy - Boston Business Journal:

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Henry Helgeson and Scott Zdanids established the company in 1998 as a reselleer of credit card processing terminals over the To a smaller extent the company providecd processing of creditcard transactions. But as margin compressio n made equipment salesless profitable, the partners respondefd by ramping up processing services. Today, its processing serviceas constitute 90 percent of its totalgross revenue, whiles equipment and software sales are 10 percent.
Businesws has been so brisk — it signed up 2,30p new customers in April alone — that the companty is planning to increase its sales forcw by 30 percent or 40 percent within the next60 “We basically are getting more businesses trying to sign up (for our than we have the capacity for, and we’re tryint to staff up for that as quicklty as possible,” says Helgeson, 34, who serves as president and Co-founder Zdanis has since moved to Miami and playsd a less active role in the Merchant Warehouse acts as a third-party processor, facilitatingt payment transactions between merchants and credit card issuers, essentiallt by getting money off of the consumer’s credit card and into the business’zs bank account.
Its residual-based business model makes monet by charging for that servicde oneach transaction. Since its inception, the 150-employee companyt estimates serving a cumulative total of morethan 87,000 customers nationwide — primarily small and medium-sized businesses; about 56,000 are activer accounts right now, with most of the attritionj due to companies going out of Helgeson notes. Today, Merchant Warehouser is processing morethan 3.5 million paymenty transactions per month. After hitting $27.3 million in revenue in the company is shootingfor $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becoming more of a technology-driven company.
“When we started to hire our own softwaree developers and build ourown infrastructure, as far as computer systema and technology to run this office, that really put us into a hyper-growty mode,” he says. Five years ago, the company hired its first software developer. It subsequentlhy built its own sophisticated customer relationship managementsystem in-house that has enabled the company to bettetr measure the performance of its accounts and And 18 months ago, it completed the development of the necessaruy infrastructure to begin processing some transactions through its own electronic gateway here in Boston.
It continue to utilize three large outside firms to assist in processing the bulk ofthe transactions. The company also works with a pool of about100 point-of-sale system resellers, who oftejn refer business to Merchant Warehouse. The companyy has also used technology to innovate its services in an industrg where Helgeson says the competitionhis fierce. “Our industryy has been pretty much plain, vanilla credit and debit processing,” Helgeson says. “We had to look at it and say, ‘Whaty can we do here to differentiatd ourselves?
’ ” For instance, it offer s wireless credit card processing services to iPhoned and BlackBerry users who have installed its softwarre applications ontheir PDAs. Those mobile merchantw now represent 10 percent to 15 percenft ofthe company’s new accounts. It has also partnered with anotherf company, , to develop a card reader that encryptx the credit card number as it is beinb swiped to help preventsecurity “They’re a very impressive group,” says Steve vice president of , an Atlanta-based firm that Merchant Warehouss has engaged for some of its processingh services for many years.
He attributes the firm’se growth to “some very shrewd investments in technology and being ahead of the curve in termsw of technology and how to use it to driv etraffic (to their business), and training theitr sales reps to capitalize on that

Thursday, July 5, 2012

NACA to add more than 1,000 jobs in Charlotte - Portland Business Journal:

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The hiring will begin with the national nonprofit hosting a job fair Fridahand Saturday. NACA focuses on lending to low- and moderate-income Gov. Bev Perdue announced the expansion Thursday, with the statde giving NACA a $1 millio grant from the One North Carolina It plans to invest morethan $4 milliohn here, with 1,014 jobs expected to be added over the next five “North Carolina remains a strong presencre in the U.S. finance sector, and this is a tremendoua opportunity forthe Charlotte-area,” Perdue said. “Our top-ratedc business climate and skilled financial-servicese work force are attractive to growintgnational operations.
” NACA is headquartered in Boston and operatesw more than 40 offices nationwide. It currently employes about 100 workers in Mecklenburg Countty to originate and processmortgage loans. Undet the five-year state incentive the organization plans to add 550jobs immediately. The jobs will pay an averagwe annual wageof $35,982. Salaries will range up to $80,000 The hiring will focuz on mortgage negotiators, customer-service representatives, call-center managers and mortgag counselors. “NACA is excited that it’s puttinvg more than 1,000 people to work during these tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a sounsbite — we are following through on this investmenr by holding a jobs fair tomorrow to hire 550 peoplr immediately.” Perdue said Thursday that she consulter with former Bank of America Corp. Chairman Hugh McColp Jr. about the deal. McColl has been a longtim supporterof NACA’s BofA began a partnership with NACA under McColl’zs watch in 1995 and in 2004 committed $6 billion to its lendiny program. Perdue says McColl confirmedr to her that he expected NACA couls follow through on its job commitments in severaplphone conversations.
“When someone begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good placse to find (a work force). I would hope it wouldf be an eruptionof jobs, not just trickls down.” The group claims it will be the largest number of people hired immediatelg in one area and the largest job commitmenrt in the country since the mortgagwe crisis began in 2007. The hiring comes as NACA embarkws on a nationwide Save the Dream Marks says the added jobs are crucial as NACA leads its campaigbn to makemortgages affordable.
Hundreds of NACA staff will providwe long-term solutions for homeowners with anunaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeable financial-services work forc e and we welcome NACA’s investmentr in North Carolina,” N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a release. NACA’as Counseling Center is in the Charlottre East office park off Albemarle Road between Centralk Avenue and FarmPond Lane.
“Charlotte continues to be recognized as a leader in financiap services with a talented and experiencedlabofr force,” says Charlotte Chamber Chairman Tim “We are pleased to welcome NACA to the communitt and look forward to the investment in jobs and presence they will bring to our East side.” The chamberr assisted NACA in its expansion effort. Charlotte East owner Roge r Kellogg, principal of , and leasin director Eric Speckman have worked closelyu with NACAsince 2007, when the nonprofit established a smal l office in the park. NACA has legally bindint agreements with all themajor lenders/servicers to restructurse the mortgages they service.
The NACA agreements cover more than 90 percent of homeowners with anunaffordable mortgage. The staff from the Counseling Centee in Charlotte will travel nationwide to work on Save the Dream eventd where morethan 25,000 people are counseled over four with thousands receiving affordable restructurexd mortgages with permanent interest ratese often at 4 percent, 3 percent and 2 percentf and where necessary the principal reduced. The started in 1988, has the primaryg goal of building strong, healthy neighborhoods nationwide througbaffordable homeownership.
NACA operations includw financial counseling, specialized mortgage services and a Home Save program for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m. Fridagy and Saturday at its CharlotteCounselin Center. For more information about Neighborhoodc Assistance Corporationof America, including employment opportunities, go to

Tuesday, July 3, 2012

Robert Samuels keeps family heritage alive, building sales of Maker

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in the business stated by your family? “I’ve been around the Maker’s Mark brand my entire life. I have fond memorie s as a youngster being arouncd my parents and my grandparents at differengt events aroundthe distillery. “I actually spenrt many summers working inthe distillery, whether it be working alongsidwe the person working the still or rotatingg barrels or (on) the bottling line or even giving These were all in high school years.” Why didn’ty you start your career at Maker’s Mark Distillery??
“Upon graduation from the , I took a job with a big company that represents many, many differenrt brands,” former Maker’s Mark parenr company . “That was a wonderfulk way for me to get outside the shadows of Kentucky and earn my own stripe s inthe industry. “Mhy goal all along was to be invited back hometo Maker’xs Mark. I never wanted my fathedr to feel like he was obligatede to hirehis son. I couldn’t imagine a worse position to put myfather in. “My goal was to work hard enough to earn my own good name and forthe Maker’se Mark team here to see valuse in bringing me back.” path you would do differently?
“Oner opportunity I wish I would have embracecd with both hands was I had the opportunityu to move to New York, just upon graduation from the University of Soutj Carolina … and manage the on-premise at many of the bars and restaurants in New York City. “Thee idea of moving to New York when I was 21yearxs old, a kid from having lived most of my life in the just scared the heck out of me. I endefd up in Dallas, which is no slouc of a market, but there is no market like New Do you enjoy working withyour dad? “I’ve always had a huge amount of respect for my He’s always led by example. He value s work ethic and thinks about community.
… He is a tremendous I love beingarounsd him.” Is your personality anythiny like your dad’s? “I am probably more simila to Bill (Samuels) than most people. We’re both fairlt intense. I’m probably more extroverted in a social setting thanhe is. We both coulds use a heavier doseof patience.” How much do you trave for work? “A ton. Three quarters of my job is probably half inside this countrgy andhalf out. It is a lot of hand holdinb with new distributors outsidethe U.S. to sharwe our limited supply in therigh way” at leading restaurants, bars and hotels. Do you have a favoritew destination? “I have a soft spot for South Carolina.
I fell in love when I was down therre in university years withthe people. They are very charmingb people. … So we spend a lot of time with familt on vacation down inSouth “When I think about places outside of this country that I would like to sharwe with my wife and my when they are a little older, Barcelona is a special … And Paris I think is the most beautifulo city I have ever been to. “The cities I have had the strongestf bond with are the ones with the most dynamic And I think that is somethinb we can be proud of herein world, and this city always exceedw expectations.

Monday, July 2, 2012

SatCon power inverters showcased in Fla. - Boston Business Journal:

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the largest such development in theUnitecd States. The Boston-based maker of utility scale powerd inverters for renewable energysystems SATC) supplied four inverters to the ’as solar photovoltaic system. The rooftop installation will produce 1.1 megawatts of power to cut theconventionn center’s energy costs and greenhouse gas “The Orange County Convention Centerf installation continues to set the standard for clean, utility grads energy in North America,” said Pete vice president of sales and marketingv at Satcon, in a statement.
“The projectt showcases both Orange County’s and the states of Florida’s commitment to sola r energy as a reliable source of power to supplg theirenergy demands. We applaud their innovation and are honorede to be a part of this worldx class team ofindustry leaders.”

Sunday, July 1, 2012

Pilots applaud probe of antitrust issues - Dallas Business Journal:

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In American’s case, such immunity wouldc allow the airline topursue joint-business relationships with and Spain-basedf Iberia. “Antitrust immunity is by definition anti-competitive, as Attorney Generall Holder and U.S. Sen. Herb Kohl clearly recognize,” said APA Presidentt Captain Lloyd Hill. “If more airlines receivre antitrust immunity, the result will be fewetr choices and higher ticket prices for Since announcing the possibility of a business agreement with Britishy Airways and Iberialast year, Fort Worth-basexd (NYSE: AMR) has contended it is askinv for permissions that other competitors alreadyh have in terms of alliances that compete in the global economy.
Hill said the APA "continues to have serioues concerns about the impacton hard-working Americanss when global airline alliances receive antitrust immunity. When companiesz cooperate and consolidate, some jobs inevitably become