Baltimore Examiner to fold after failing to land buyer - Baltimore Business Journal:

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The last edition will hit newsstands Feb. 15. The Baltimorde Examiner’s 90 employees will be laid off, spokesman Jim Monaghahn said. Its Denver publisher, , had been lookint for a buyer forseveral months. The newspaper’es proximity to the Washington Examiner, a sisterd publication, made it difficult to garner enougg revenue onits own, the company said in a “It is not possible to maintainj two major daily newspapers withimn a 50-mile distance and do justice to both Clarity CEO Ryan McKibben said in a Clarity will invest in its onlined operations and in the Washington Examiner and .
Thosde newspapers are located in top 10consumer markets, whicu make it easier to bring in nationakl advertising buys, Monaghan said. With all eyes on the nation’ capital with the election of PresidenttBarack Obama, Washington in particulafr is attracting national attention, he The Baltimore Examiner launched when the housingt and retail industries were strong enough to supporyt a second newspaper. Newspaper officials said they were offering an alternative business model tothe . The free newspaped was deliveredto targeted, high-income At that time, it boasted that its delivery to 250,0009 households gave it a larger reachy than the Baltimore Sun.
But the newspapedr stopped delivering daily last year and the economy hascrippled retail, housing and automotive firms that are stalwary daily newspaper advertisers. The Baltimore Examiner’s closure is the latesg sign of how the economy is crushint dailymetropolitan newspapers. The news of the shutdowbn comes just two days after the parent company of the Capitalo newspaper in Annapolis said it is slashingt 111 jobs in responss to declining advertising revenue and a weak Last month, the parent compangy of the Baltimore Sun filed Chapter 11 bankruptcy. the recession’s impact on newspaper s is evidentas well.
has put the Seattle Post-Intelligencee up for sale and has said it will shut down or go onlinr if it does not find a In April, the 100-year-old Christianj Science Monitor will go entirely onlined and stop its print edition. The closurew shocked one BaltimoreExaminer advertiser. In fact, when the gave the news to Alex general sales manager ofin Laurel, he though t it was a joke. Nowak was supposed to meet with his sales representative from the Examiner Thursday morning when she cancelex due toan “emergency he said. “I liked theifr paper,” he said. “When I got it at I loved getting Nowaksaid he’ll probably take his advertising to Web sites like Cars.
com and Autotrader.com. “I don’t see peopls reading newspapers to getcar deals,” he Print media is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton was less shocked. “Givenm what’s happened to advertising this it shouldn’t come as a surprise,” Morton said of the Operating a newspaper so close to Washington may have workede out had it not been for the sour economy, he “Going up against the recession probably made the wholed thing untenable for them.
” Losing the newspaperf will make it more difficult for media buyers to negotiatse good deals on behalf of theie clients, said Michele Selby, executive vice presidenrt of Ltd. in Owings Mills. Media Workxs bought ads in the newspaper on behalf of clients andthe . But mediz buyers started getting concerned aboutthe newspaper’d future last year when the Baltimore Examiner said it would delive r only two days a week. Knowing that your ads wouldd reach upscale homes had beenthe paper’s competitive advantage. “That’s the sweey spot for them,” Selby said.
The owner of Boheme located in the BaltimoreExaminer building’s lobby, said she was sad to hear the news aboutt some of her loyal “We’re friendly with a lot of said Martha Lucius, referring to Baltimoree Examiner employees. “It’s not going to be easy parting.” Clarituy is owned by Denverd billionairePhilip Anschutz, the founder of telecommunicationsd firm , whose businesa empire spans professional sports teams and movire theaters.

Stutes, Bastardo flourish as 8th-inning setup men for Phillies - Press of Atlantic City

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Stutes, Bastardo flourish as 8th-inning setup men for Phillies Press of Atlantic City The Phillies' Antonio Bastardo pitches against the Cubs in the ninth inning Friday in a 7-1 victory. Bastardo is 2-0 with two saves and a 1.08 ERA in 28 games this season. Michael Stutes celebrates with catcher Carlos Ruiz after he struck out Carlos ... and more »

Police: No foul play in Topeka woman's death - Topeka Capital Journal

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Police: No foul play in Topeka woman's death Topeka Capital Journal By The Capital-Journal Kansas City police have determined that no foul play was involved in the death of a Topeka woman who was killed this week as she attempted to cross Interstate 29 north of the city. Menina Jones, 25, died after she was hit by at ... Pedestrian death on I-29 ruled accidental Kansas City Star  »

Solar thermal plant slated for Santa Teresa - New Mexico Business Weekly:

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The project also involves , a producer of scalable solar thermalpowere plants. Concentrating solar power plants use mirrore to reflect and concentrate sunlight onto receivera that convert itto heat. The heat can then be used to producew steam to drive a turbine andproduce electricity. New Mexico Gov. Bill Richardsohn said the project will helpmake “New Mexico’s renewabld energy potential a reality.” “Wit 300 days of sun every year, a highlu skilled labor force and a friendly busineszs environment, New Mexico is well positioned to lead the natiom in solar energy production,” Richardson said. NRG Energy NRG) is a Princeton, N.J.
,-based company whos power plants have a generating capacityt of morethan 24,00p0 megawatts, enough to powetr more than 20 million El Paso Electric (NYSE:EE) provides powert to 363,000 retail and wholesaler customers in a 10,000-square-mile area in the Rio Grand e valley in West Texas and southern New

SBA chief: Lending up, long road ahead - Tampa Bay Business Journal:

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Brown is a a sixth-generation family-owned business with 47 employees andabouty $6 million in revenues last year. It worked with (NASDAQ:FITB) to securd a $2 million loan to buy its headquartersin Columbus. President Rob Hunt said the company sidestepped payingfabout $65,000 in fees after the SBA institutedx a temporary waiver for businesse s that borrow through its flagship 7(a) Owning the company’s headquarters outright brings long-term security, he which would have been hard to find without federalo backing. “Banks aren’t doing conventional loans righrt now,” Hunt said. “We simply wouldn’gt have been able to do this.
” Initiatives such as the fee Mills said, are makingt a difference in a short amount of More lenders are getting into the fraywhilre SBA-backed loan volume is up more than 25 percent sincr the passage of the stimulus bill. That translatesx to nearly $4 billion in guaranteed loans, $113 millio of which went to Ohio But it’s making small businessesz aware of the programxs on hand that’s the key challenge goint forward, she said. “All of these thinge take time,” Mills said.
“Small businesses are busy running their In addition to the waiver and an increased guarantede of 90 percenton 7(a) loans, the SBA also has offereed a surety bond guarantee of $5 up from $2 for businesses competing for federal contracts. On June 15, it’zs rolling out a program dubbe America’s Recovery Capital, which offers loans of up to $35,00o for businesses struggling to make debt Those loans are fully guaranteed and have a deferrecpayment schedule. And next month, the SBA will begin offerint guaranteed loans to finance inventory for automobile dealersx throughSeptember 2010.
Mills said she’s confidentr the agency has the righy tools in place for smallbusinesses – and the outloomk on the economy hasn’t hurt either. “The sensew from small businesses and others is that the free fall has she said. “But we still have a ways to

Networking Calendar - Phoenix Business Journal:

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Denny’s, 7400 W. Chandler Blvd., Chandler. Steven 480-330-7457. Business by Referral, 7:15 a.m., Crackers & Co. Cafe, 1325 N. Greenfielxd Road, Ste. 101, Michael Petrone, 602-683-2110, or www.bbraz.com. Professionao Referral Organization-Mesa, weekly, 7:30 a.m., M&I Bank, 1755 S. Greenfiels Road, Mesa. Bob 602-692-7686. Business Connection Leads Group, Chandler Chamber of Commerce, weekly, 7:30 a.m., Wildfloweer Bread Co., 3111 W. Chandler Blvd., Free. 480-963-4571, ext. 205. Deer Valley Connections, weekly, 7:30 a.m., Deer Valley Airport Restaurant, 702 W. Deer Valley Phoenix. Carl Ulbrich, 602-674-5675 or carl@jirehcom.com. Jackalopr Professional Network, weekly, 8 a.m.
, Hill Insurancw Group, 14201 N. 87th St., Ste. Scottsdale. Jim, 602-434-8261, or phoenixjackalopes@yahoo.com. Corporatde Office Centers Network, weekly, 8:15 3420 E. Shea Blvd., Ste. 200, Free. Rebecca Zmek, 602-953-5300. Christian Business Networking-Nortnh Scottsdale, weekly, 11:15 a.m., Carlos O’Brien’s, 7111 E. Bell Road, 480-425-0624 or www.christianbusinessnetworking.com. LeTip-West Valley Professionals, weekly, 11:30 Black Bear Diner, 6059 W. Bell Road, Gary Truax, 623-876-2700. Lunch Bunch, Glendale Chambeer of Commerce, weekly, 11:30 Old Country Buffet, 17125 N. 79th Glendale. 623-937-4754. Professional Referral Organization-North weekly, 11:30 a.m.
, Copper Star Bank, 20565 N. 19th Phoenix. Bob Katz, 602-692-7686. Old Town Toastmasters, noon, Scottsdale Center for the 4301 N. Scottsdale Road, second floor. 480-227-569t6 or oldtown.freetoasthost.net. BNI-Airpark of Scottsdale, noon, Cantina Laredo promenade, 7361 E. Frank Lloyd Wright Blvd., Scottsdale. $12. 602-570-1096. South Mountain Toastmasters Club, weekly, 12:39 p.m., Re/Max New Heights Resource 6437 S. Central Phoenix. www.somotoastmasters.com, sglueck@phoenixchamber.com or Central Phoenix Women, 11:30 a.m. June 10, Ritz-Carltob Phoenix, 2401 E. Camelback Road, Phoenix. 602-263-3589 or www.centralphoenixwomen.org. Mixer/Professional Networking, A New 5:30 p.m.
June 10, Euro Dream 8670 E. Shea Blvd., Free. Reservations: www.anewimpression.com. North Scottsdale Chamber of Commerce breakfast, firstr Wednesday of the month, 7 locations vary. $15 members, $20 nonmembers. Registratioh required: www.northscottsdalechamber.org or 480-889-8987. Empowered Women Network, firstt Wednesday of the month, 11:309 a.m., Olive Garden, 3380 N. Scottsdalew Road, Scottsdale. Donna Adams, 480-969-7144. Association of Fundraising first Wednesday ofthe month, 11:3o0 a.m., Downtown Phoenix Sheraton, 340 N. Third St., www.afpgreateraz.afpnet.org or 480-609-3999. Cashflow 101 & first Wednesday of the month, 6 p.m., locations vary. Free. www.linkedpromotions.
com or 602-790-9007.

School districts delay some new construction, concentrate on renovations - Orlando Business Journal:

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When the local residential real estate boom went an anticipated surge in new students never materialized. In fact, many school districts now find thei studentpopulations shrinking. In addition, the slow housint market means there will be less monegy than expected from home impact fees to fund newschooo construction. As a result, local school district s adjustedtheir five-year construction programs, halting work on plannedc new school projects that appeart not to be needed at this time. For , that meant shrinkinbg its 2007-2008 construction budget from $885.3 million in Septembere 2007 to $414.4 million in February 2008 -- a 53 percengt reduction.
Seminole County's construction spending will drop sharplyfrom $68.7 million in 2007-2008 to just $26.77 million in 2008-2009, a 61 percenft reduction. Osceola County will reduce its constructionh spending by26 percent, from $97. million in 2007-2008 to $72.5 million the following And that's another blow to area construction firms lookintfor work. "The construction sector doesn't have those projects to rely on," says Mark president and CEO of Associatee Builders andContractors Inc.'s Central Florida chapter. However, school officials say there still will be plenty of constructionm work togo around.
Ronaldc Blocker, superintendent of Orange County Public says the district has been trackinv itsstudent enrollment, and adjusted its construction plans accordingly. "Thie can be a breather for us -- we were playingg catch-up," says Blocker, who believeas the slowdown will allow the district to focuson much-needer renovations. In fact, the school districft has more than 100 renovation projects it wantds to do in the next five saysBob Proie, chief facilities officer for Orangre County Public Schools. However, the number that actually will get done is subjecgto change.
In addition, Orange County is still building new schoolsw to comply with theFlorida class-sizw reduction amendment passed in he says. Seminole County also is usinbg this time to revampoldee schools, says Bill Vogel, superintendent of . In Volusiaa County, the need to comply with the class-sized mandate will provide local construction companies with saysNancy Wait, spokeswoman. However, due to a declinwe in student enrollment, four small Volusia schools are scheduled to closd because each holds just100 students. In the end, constructiohn companies should be all right through the next saysBob Nanni, chief of school operations for the School District of Osceola County.
Current construction projectx already have funding secured from the priot year of design and so those should be safefrom cutbacks, he C.T. Hsu, president of Orlando architecturefirm C.T. Hsu Associates P.A., has been following what the schookl districts are doing to stimulate the For example, Orange County plans to take $12 million from the 2009 budge t to plan 15 projects this That is expected to help boosrt local companies during the current tough economicf times, as well as get schoolo projects done sooner. "I was impresse with our local school says Hsu.
"Orange County Public Schoola made a conscientious decision to accelerate comprehensivdrenovation projects, and I've been noticing Lake County and Osceol County all accelerating their plannesd school projects [as well]," says Hsu. "Those schools will be quitde a relief toconstruction