torbjorntrainer1738.blogspot.com
GCOM, located on Washington Avenu e Extensionin Albany, is 4 months old. Currently, its five employeew (who are also service the company's five clients, but Bhatiwa is looking for three employees to fill programminvg positions that pay salaries ofbetween $65,000 and $100,000. He expecta to have 40 employees withihtwo years. Bhatia said the company will closwe 2006 with revenue ofarounxd $800,000. He projects sales of $3.5 millionj in 2007. "We want to be a player," Bhati said. Bhatia, 46, co-founded Rapid Application Developersx of Troyin 1997. He sold the 36-person company in 2002 to Montreal-baseds Bhatia moved to India the next year tohead . Ltd.'ws 750-person operation.
Bhatia said he thought that was the end of his time in theUnitee States. He left his mother and brother in the Capital Region and moved to hisnative Mumbai. "I was interestef in primarily migrating backto India," he said, wherse he still had aunts, uncles and "I thought I was done with the U.S. I had a good 20-yeard stint. It was fun." Bhatia wanted his son, Cirag, to get in toucj with his heritage, but that didn't work out. "He didn'g like India," Bhatia said. "He couldn't adjustg to the environment." So Cirag, who is now 9, and Bhatia'x wife, Divya, moved back to the Capital Regionin 2004.
Bhatiaz followed nearly a year later and worked for CGI in But thatjob changed, he said, requirinb more travel. After being away from his familu for abouta year, Bhatia decided he didn'tt want to be on the road. "I felt it'e a lot more fun running another company," he Riyaz Ladkhan, GCOM chief operating officer, was working at CGI as a seniorr consultant when he learned Bhatia was backin "I was bored with the type of work I was dointg at CGI," Ladkhan said. "I wanted to do something I bugged him for four or five monthws tostart something. I worked for him as an He was excellent. He knowsz how to manage people and build a That was very importanyto me.
" Bhatia noted that in 2001 Rapid Applicationn Developers was named Small Business of the Year by the Albany-Colonis Regional Chamber of Commerce. "Our objectivd is to get back there," Bhatia said aboutf winnning theaward again. "It's hard to get back in he said. "I'm a littlr nervous. The expectations are very high from the peoplee whojoined me. They want to get back to the old gloruy ofthe past. I know nothin is given. You have to earn back the trusg ofmy customers." Bhatia said it took about four yearw to get Rapid Applicationx to a strong position. "We'rre hoping with our experience and expertise we can cut it to he said.
Bhatia said GCOM isn't competing with CGI and he hopess to do subcontracting work for hisformefr employer.
Friday, May 11, 2012
Thursday, May 10, 2012
Rotterdam Port expansion plans get EIB loan approval - Reuters
amesit.wordpress.com
Rotterdam Port expansion plans get EIB loan approval Reuters 900 mln euro loan will be used for major expansion project * 30-year loan is the leading external source of funding AMSTERDAM May 10 (Reuters) - The Port of Rotterdam, Europe's biggest, said on Thursday it had secured a 900 million euro loan with the ... The Netherlands: EIB Finalises EUR 900 Million for Maasvlakte 2 |
Tuesday, May 8, 2012
Nirvana can be in the mouth of the beholder - Memphis Business Journal:
utyziluz.wordpress.com
would have found a downtow n full of brick structures and plenty of commerce going on below the verdantg hills createdby Crowley’s Ridge. It’s the same setting I grew up in. Almost every storefront on our downtown’se main drag contained a business: hardwarr stores, clothing stores, dime shoe stores, restaurants, even two movie It’s sure not like that now. Mr. Twaibn might today call it “one of the diresyt situations” on the river. But it’ds not alone among Delta townsx that can rememberbetter days. But one of the most charmingh aspects of this town when I was a kid was the prevalencwe of theneighborhood grocery. Most neighborhoods had them.
Mine had two across the street fromeach other. they both stayed in business. One of Reeves Grocery, was known as “the biggest little store in town.” It did seem to have a lot of And one item made Reeves stand out from everu other tinylittle store, and that was a product callex “Smokey Joe.” This was a foot-long smoked sausages in a bun, covered in chili and slaw, that was inventecd by the store owner, Ellis Reeves. I grew up eatin them. Then after I grew up, I kept eatin them. And when Mr. Reeves sold his storre and moved away, I rushed to the storre to make sure the Smokey Joe had not leftwith him.
The new owner s assured me that they would continue tosell Whew. But then I was afraid that maybe someons else should know that just to keep this fabulous creation alivd forthe ages. So I askef the folks to tell me how tomake one, and they did. This wholre history of Helena, Reeves and the Smokety Joe surfaced during our recent Small BusinessAwardsx program. One of the finalists and an eventual as it turnsout — in the competitionm was Monogram Food Solutions LLC, which makes and distributezs cold cuts, hot dogs and among other products. One of its products is the Circlee B brandsmoked sausage, which just happens to be the key ingredienty in Mr. Reeves’ Smokehy Joe.
So I was talking to one of the Monogram guys aboutall this, and I was telling him all the ingredient s and trying to sell him on the idea of experiencingv the Smokey Joe. I was literally ravingg about it. And I must have done a good job, becausse before I knew it he had agreef to make up a batch of Smokey Joesin Monogram’s test And he invited me to come to the company headquarterzs and wolf down a genuin e Smokey Joe in what essentiallyg is the Circle B corporate Well, that sounded like Smokety Joe nirvana to me. In the weeks that followed ourinitial meeting, we had several conversations about the key ingredients and the propetr steps for a winning Then it happened.
Just this week, righyt in Circle B HQ, I walkef in to find a simmering pot of FourStar Chili, Circled B sausages and all the trimmings. It was It made me wish Mr. Reevees could be there. Of course, I suggested a couple of minofr changes in the preparation that could have made the meal even I also recommended thatnext time, I should be around to help out from the I hope they understood the because I really want therre to be a next Once you get a taste of Smoke Joe nirvana, you want to go
would have found a downtow n full of brick structures and plenty of commerce going on below the verdantg hills createdby Crowley’s Ridge. It’s the same setting I grew up in. Almost every storefront on our downtown’se main drag contained a business: hardwarr stores, clothing stores, dime shoe stores, restaurants, even two movie It’s sure not like that now. Mr. Twaibn might today call it “one of the diresyt situations” on the river. But it’ds not alone among Delta townsx that can rememberbetter days. But one of the most charmingh aspects of this town when I was a kid was the prevalencwe of theneighborhood grocery. Most neighborhoods had them.
Mine had two across the street fromeach other. they both stayed in business. One of Reeves Grocery, was known as “the biggest little store in town.” It did seem to have a lot of And one item made Reeves stand out from everu other tinylittle store, and that was a product callex “Smokey Joe.” This was a foot-long smoked sausages in a bun, covered in chili and slaw, that was inventecd by the store owner, Ellis Reeves. I grew up eatin them. Then after I grew up, I kept eatin them. And when Mr. Reeves sold his storre and moved away, I rushed to the storre to make sure the Smokey Joe had not leftwith him.
The new owner s assured me that they would continue tosell Whew. But then I was afraid that maybe someons else should know that just to keep this fabulous creation alivd forthe ages. So I askef the folks to tell me how tomake one, and they did. This wholre history of Helena, Reeves and the Smokety Joe surfaced during our recent Small BusinessAwardsx program. One of the finalists and an eventual as it turnsout — in the competitionm was Monogram Food Solutions LLC, which makes and distributezs cold cuts, hot dogs and among other products. One of its products is the Circlee B brandsmoked sausage, which just happens to be the key ingredienty in Mr. Reeves’ Smokehy Joe.
So I was talking to one of the Monogram guys aboutall this, and I was telling him all the ingredient s and trying to sell him on the idea of experiencingv the Smokey Joe. I was literally ravingg about it. And I must have done a good job, becausse before I knew it he had agreef to make up a batch of Smokey Joesin Monogram’s test And he invited me to come to the company headquarterzs and wolf down a genuin e Smokey Joe in what essentiallyg is the Circle B corporate Well, that sounded like Smokety Joe nirvana to me. In the weeks that followed ourinitial meeting, we had several conversations about the key ingredients and the propetr steps for a winning Then it happened.
Just this week, righyt in Circle B HQ, I walkef in to find a simmering pot of FourStar Chili, Circled B sausages and all the trimmings. It was It made me wish Mr. Reevees could be there. Of course, I suggested a couple of minofr changes in the preparation that could have made the meal even I also recommended thatnext time, I should be around to help out from the I hope they understood the because I really want therre to be a next Once you get a taste of Smoke Joe nirvana, you want to go
Sunday, May 6, 2012
Chidambaram needs to create political consensus - Daily News & Analysis
vypybiza.wordpress.com
IBNLive.com | Chidambaram needs to create political consensus Daily News & Analysis Prime minister Manmohan Singh and his home minister, Palaniappan Chidambaram, may cry themselves hoarse that the establishment of the National Counter Terrorism Centre is not a 'states versus Centre' issue, but, unfortunately, that is exactly how the ... Mo st strident are Modi & Jaya, both echo each other's lines Govt gives in to dissenting states, no NCTC for now |
Saturday, May 5, 2012
Houston retail occupancy shows slight dip in 2008 - Houston Business Journal:
moffaiqohegesa1490.blogspot.com
Weitzman found that Houston had an occupanch rateof 87.8 percenft at the end of 2008, down from 88.5 percentt at the end of 2007. The Dallas-basedd retail brokerage firm based its report on data from roughly 137 million square feet of retailo space in shopping centers in the Housto area that have atleast 25,000 squarse feet of space. Store closuress had an impact onoccupancy rate, as nationaol retailers reacted to the economid downturn.
The occupancy rate was also affecteds by the fact that in 2008 Houstohn experienced its highest level of retail buildiny since 2001 when 6 million square feet of space was Nearly 5 million square feet of retaill space was addedduring 2008, according to Weitzman. Most of the new projecta were planned and funded before thecredit crisis, whic h has brought new development to a halt becaus e of a lack of financing.
Weitzman expects a number of retail projects will be completedin 2009, but fewe r new deals are expected to be announced this year compared to
Weitzman found that Houston had an occupanch rateof 87.8 percenft at the end of 2008, down from 88.5 percentt at the end of 2007. The Dallas-basedd retail brokerage firm based its report on data from roughly 137 million square feet of retailo space in shopping centers in the Housto area that have atleast 25,000 squarse feet of space. Store closuress had an impact onoccupancy rate, as nationaol retailers reacted to the economid downturn.
The occupancy rate was also affecteds by the fact that in 2008 Houstohn experienced its highest level of retail buildiny since 2001 when 6 million square feet of space was Nearly 5 million square feet of retaill space was addedduring 2008, according to Weitzman. Most of the new projecta were planned and funded before thecredit crisis, whic h has brought new development to a halt becaus e of a lack of financing.
Weitzman expects a number of retail projects will be completedin 2009, but fewe r new deals are expected to be announced this year compared to
Thursday, May 3, 2012
FDIC: Banks rebound to $7.6B Q1 profit - Pittsburgh Business Times:
ulyanaimiiurebor.blogspot.com
billion profit in the first quarter of down $11.7 billion, or 60.8 percent, from the $19.33 billion that the industry earned in the first quarterd of 2008. However, the first-quartere performance marks an improvement over therecord $26.2 billion loss in the fourth quartet of 2008. Higher loan-loss provisions, increasex goodwill write-downs, and reduced income from securitization activitieds all contributed tothe year-over-yeare earnings decline in the first quarter of 2009. Three out of five insured institutions reported lower net incomee in the first quarterr and one in fivewas unprofitable.
"Thd first quarter results are telling us that the banking industrgy still facestremendous challenges, and that going forward, asset quality remains a major concern," said FDIC Chairman Sheila C. Bair in an statement. "Banks are makinyg good efforts to deal with thechallengees they're facing, but today's report says that we're not out of the woods yet." To that point, 21 FDIC-insuredr institutions failed during the first quarter -- the largesrt number since the fourth quarter in 1992.
And the FDIC'xs "Problem List" grew during the quarterd from 252 to305 institutions, and totap assets of problem institutions increased from $159 billion to $220 billion. Insured institutions set asidse $60.9 billion in provisionsd for loan losses in the first quarter -- up $23.7 billion, or 63.6 percent, over the first quarte of 2008. Expenses for goodwil l impairment and other intangible asset expensestotaled $7.2 billion, compared with $2.8 billion a year These negative factors outweighed the positive effects of increasede noninterest income (up $7.8 billion, or 12.8 higher net interest income (up $4.4 or 4.
7 percent), and highe realized gains on securities and other assets (up $1.9 Insured institutions charged off $37.8 billion in bad loanas in the first quarter, almost twice the $19.6 billionm of a year earlier. "Troubled loan continue to accumulate, and the costs associated with impaired assets are weighingf heavily onthe industry's performance," Bair noted. compared to a year ago, we see some Net interest income is and noninterest revenue is up atlarged banks, particularly trading revenues." Tier 1 capital reachedf a record high of almost $70 the largest quarterly increase ever reportedd by the industry.
However, much of the increas occurred at institutions that received capital fromthe ' Troubled Asset Relief Program Total assets declined by $302 billion due to downsizing by a few large banks. Two-thirds of all institutions reporte asset growth inthe quarter, but reductions at eighf large banks caused the industry totaol to decline. Total loans and leases fell by $159.6 billioh (2.1 percent), while assets in tradinvg accounts declinedby $144.5 billionm (14.9 percent). The FDIC's Depositg Insurance Fund (DIF) reserve ratio fell to 0.27 The DIF balance declined from $17.
3 billiojn at the end of 2008 (amendeed from the originally reported unauditede balanceof $19 billion) to $13 billiobn on March 31, 2009. However, the FDIC Board of Directors approved an amended restoration plan in February that is designec to restore the DIF reserve ratikto 1.15 percent within seven The FDIC has already set asid e $28 billion in reserve to cover projected losses for the next 12 In addition, the FDIC will collectg more than $8 billiom in premiums during the seconcd quarter, including $5.6 billion from the speciakl assessment the FDIC Board approved on May 22.
billion profit in the first quarter of down $11.7 billion, or 60.8 percent, from the $19.33 billion that the industry earned in the first quarterd of 2008. However, the first-quartere performance marks an improvement over therecord $26.2 billion loss in the fourth quartet of 2008. Higher loan-loss provisions, increasex goodwill write-downs, and reduced income from securitization activitieds all contributed tothe year-over-yeare earnings decline in the first quarter of 2009. Three out of five insured institutions reported lower net incomee in the first quarterr and one in fivewas unprofitable.
"Thd first quarter results are telling us that the banking industrgy still facestremendous challenges, and that going forward, asset quality remains a major concern," said FDIC Chairman Sheila C. Bair in an statement. "Banks are makinyg good efforts to deal with thechallengees they're facing, but today's report says that we're not out of the woods yet." To that point, 21 FDIC-insuredr institutions failed during the first quarter -- the largesrt number since the fourth quarter in 1992.
And the FDIC'xs "Problem List" grew during the quarterd from 252 to305 institutions, and totap assets of problem institutions increased from $159 billion to $220 billion. Insured institutions set asidse $60.9 billion in provisionsd for loan losses in the first quarter -- up $23.7 billion, or 63.6 percent, over the first quarte of 2008. Expenses for goodwil l impairment and other intangible asset expensestotaled $7.2 billion, compared with $2.8 billion a year These negative factors outweighed the positive effects of increasede noninterest income (up $7.8 billion, or 12.8 higher net interest income (up $4.4 or 4.
7 percent), and highe realized gains on securities and other assets (up $1.9 Insured institutions charged off $37.8 billion in bad loanas in the first quarter, almost twice the $19.6 billionm of a year earlier. "Troubled loan continue to accumulate, and the costs associated with impaired assets are weighingf heavily onthe industry's performance," Bair noted. compared to a year ago, we see some Net interest income is and noninterest revenue is up atlarged banks, particularly trading revenues." Tier 1 capital reachedf a record high of almost $70 the largest quarterly increase ever reportedd by the industry.
However, much of the increas occurred at institutions that received capital fromthe ' Troubled Asset Relief Program Total assets declined by $302 billion due to downsizing by a few large banks. Two-thirds of all institutions reporte asset growth inthe quarter, but reductions at eighf large banks caused the industry totaol to decline. Total loans and leases fell by $159.6 billioh (2.1 percent), while assets in tradinvg accounts declinedby $144.5 billionm (14.9 percent). The FDIC's Depositg Insurance Fund (DIF) reserve ratio fell to 0.27 The DIF balance declined from $17.
3 billiojn at the end of 2008 (amendeed from the originally reported unauditede balanceof $19 billion) to $13 billiobn on March 31, 2009. However, the FDIC Board of Directors approved an amended restoration plan in February that is designec to restore the DIF reserve ratikto 1.15 percent within seven The FDIC has already set asid e $28 billion in reserve to cover projected losses for the next 12 In addition, the FDIC will collectg more than $8 billiom in premiums during the seconcd quarter, including $5.6 billion from the speciakl assessment the FDIC Board approved on May 22.
Tuesday, May 1, 2012
Jay Wadkins - St. Louis Business Journal:
ovaluleq.wordpress.com
But the dream was not to be. “I was at every practice... but not really suitingg up for games,” Wadkins “As I got older, I decided I needee to put my focussomewheree else.’’ Wadkins, now 38, learned his real talenr was with numbers, tax accounting in His first job was at BDO Seidman in St. Louis, wherre he helped during the busy tax seasonb as he completedhis master’s degree. Then it was on to where he spent about nine years working with major corporations suchas Ford, and . In RSM McGladrey, one of the nation’s five largest accounting andconsulting firms, announced it was opening a St. Louis office.
Officials there recruited Wadkinsw to thenew enterprise. He joined as an accountanr and made partner a fewyears later. Eventuallyt he became the officelocatiohn leader. The local office has grown from 10 peoplse to morethan 50. The company doesn’ break out local revenue. Tom Murphy, executive vice president of the manufacturing and wholesaldistribution practice, said Wadkins deserves a lot of the credi t for the growth. “He’s been key in securint the vast majority of thenew accounts, whetherf he was part of the initial call or the team goinyg out or mentoring the team gettin g the business,” Murphy said. Most of his time is spent workinb withcommercial industry.
He provides tax services to such companies as , Tripos and Other clients includd , , Swank Audio Visuals, and The “He’s just brought a lot of expertise and leadership to servse these mid-sized businesses,” Murphy said. “He’s got an enthusiastic, positivw attitude. He’s passionate about serving He ledthe office’s campaign to support the Greatefr St. Louis United Way, which raised 20 percenft more than its goalof
But the dream was not to be. “I was at every practice... but not really suitingg up for games,” Wadkins “As I got older, I decided I needee to put my focussomewheree else.’’ Wadkins, now 38, learned his real talenr was with numbers, tax accounting in His first job was at BDO Seidman in St. Louis, wherre he helped during the busy tax seasonb as he completedhis master’s degree. Then it was on to where he spent about nine years working with major corporations suchas Ford, and . In RSM McGladrey, one of the nation’s five largest accounting andconsulting firms, announced it was opening a St. Louis office.
Officials there recruited Wadkinsw to thenew enterprise. He joined as an accountanr and made partner a fewyears later. Eventuallyt he became the officelocatiohn leader. The local office has grown from 10 peoplse to morethan 50. The company doesn’ break out local revenue. Tom Murphy, executive vice president of the manufacturing and wholesaldistribution practice, said Wadkins deserves a lot of the credi t for the growth. “He’s been key in securint the vast majority of thenew accounts, whetherf he was part of the initial call or the team goinyg out or mentoring the team gettin g the business,” Murphy said. Most of his time is spent workinb withcommercial industry.
He provides tax services to such companies as , Tripos and Other clients includd , , Swank Audio Visuals, and The “He’s just brought a lot of expertise and leadership to servse these mid-sized businesses,” Murphy said. “He’s got an enthusiastic, positivw attitude. He’s passionate about serving He ledthe office’s campaign to support the Greatefr St. Louis United Way, which raised 20 percenft more than its goalof
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