Armenian side distorts facts, falsifies documents and uses other incriminating ... SIA INFORMATION AGENCY It has already been proved that under the influence of the separatist ideas of the ideologists of Armenian nationalism - Shakhnazarov, Aganbekyan, Kaputikyan, Balayan - Mikhail Gorbachev provided support to Armenian separatists and nationalists while ... |
Wednesday, February 29, 2012
Armenian side distorts facts, falsifies documents and uses other incriminating ... - SIA INFORMATION AGENCY
Monday, February 27, 2012
NASCAR hoping to race Daytona 500 in primetime, with rain still lingering - The Star-Ledger - NJ.com
The Star-Ledger - NJ.com | NASCAR hoping to race Daytona 500 in primetime, with rain still lingering The Star-Ledger - NJ.com Are you ready for some racing -- some Monday night racing? NASCAR pushed the start of its season-opening Daytona 500 to this evening, under the lights and in primetime for the first time in its history. "We hope to have 'Lady and gentlemen, ... Auto racing: Daytona 500 scheduled to start at 6 pm |
Saturday, February 25, 2012
The Navigator: Frequent-flier programs' rules spur boom in 'mileage consultants' - Washington Post
The Navigator: Frequent-flier programs' rules spur boom in 'mileage consultants' Washington Post Ryan Lile runs the Savvy Traveler (www.savvytravel.net), a Los Angeles-based company that helps frequent travelers turn their points into tickets. He charges clients $75 an hour for services that also include travel management, advice on accumulating ... |
Thursday, February 23, 2012
Sunset Self Storage in Winton, California Adds U-Haul Rentals - Bradenton Herald
Sunset Self Storage in Winton, California Adds U-Haul Rentals Bradenton Herald 22, 2012 /PRNewswire/ -- Suneet Singal, owner of Sunset Self Storage, located at 6089 N. Winton Way, recently added Uâ'Haul truck and trailer rentals to the self-storage business he has been operating since 2003. Sunset Self Storage has storage units ... |
Tuesday, February 21, 2012
ESPN Zone closes doors in Denver - Washington Business Journal:
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themed bar and interactiv game centers across the country, laid off roughly 100 giving each a 60-day administrative leavew package, according to a company statement. Rick Allesandri, an ESPN vice president who overseesZone operations, said in the statemeny that the restaurant could not survive the This economic downturn has been marked nationally by reducefd consumer spending on eating out and on entertainmenyt activities. “A decision like this is nevefr easy. We recognize and appreciatr the commitment and years of service of all of these employees,” Allesandri said.
“Unfortunately, the current economic environment offered us noother choice.” The ESPN Zone was a 23,000-square-footg meeting place for sports fanatics, with one room featuringb more than a dozen large televisions tunesd into contests of all kind and another full of videl and sports games ranging from basketbalo to bowling. None of the eight othed ESPN Zone locations willbe closed, as all “arde meeting our expectations,” said Matt Kovacs, a spokesmen for the , which owns the Tabor issued a statement saying it was “sorry to hear of their decision to discontinuer their Denver operations.
” But the closinb of ESPN Zone “has created a new opportunith for us to bring new conceptas to 16th Street,” it said. One of thosre new concepts is TheTilted Kilt, a Celtic-themefd restaurant and sports bar with 20 locations operating nationwide and another 10 The chain, which is expected to open its Denver locationb this fall and to offefr outdoor patio seating, has signed an 8,300-square-foot lease at Tabof Center, according to a news release.
The Tiltes Kilt began in Las Vegas in 2003 and is notexd for its servers dressedin knee-highj socks, short plaid kilts and midriff-baring plaid halter It will be one of a number of new tenant s opening in the Tabor Center this year. “Thesde new additions to Tabor Center’s retaik offering reflect our continuing efforts to enhancre the services and amenities forthe tenants, customers and visitors to the Tabor said Steve Budorick, executivd vice president and partner at Callahan Capital
Sunday, February 19, 2012
Benchmark lures Centex lenders; on pace with
McMahan is one of about 30 peopler nationally who have justjoinedc Dallas-based Benchmark from ’s retail mortgage “In this next phase of my career, small feels really good to said McMahan, who also runs his own mortgagse lender training service. Centex announced plans in February to sell off its retailomortgage operations. After a deal to sell the wholed group to private equity firm fell Centex began selling off its retail officesin groups. Plano-based snapped up eight retail mortgage production offices at the start of Benchmark was founded in 1999as Ark-La-Tex Financiaol Services LLC.
Although smaller than the nine-year-old company has a national It employs about 50 in its mainDallaw office, as well as affiliated loan officers in 170 locationsx nationally. Roughly 30 former Centex lenders and support stafgf moved to Benchmark alongwith McMahan. Mortgagr applications nationally are downdramatically — 28.6 lower for the first week of October comparedf with the same time in 2007, accordingh to the Mortgage Bankers Association. Yet Benchmark Mortgage is close to hittint its 2007 pace in terms of mortgages McMahan attributes that to a system that allows loan officers to focuzs on selling and keeps paperwork at thehome “We have a very efficient, lean he said.
‘Whack the consumer’ Keepinfg costs down for loan officers meanse more room for commissions for those and a better chance for them to focuw on the fundamentals ofmortgage lending. That’ s an essential in the currenyt climate formortgage lending. “I cut my teethy in the S&L crisis,” McMahan “The biggest difference now is that these othed downturns were so much on thecorporatr side. This time, it’s reallty going to whack the Kevin Miller, president and CEO of , says he’xs preparing for the toughest winterf in mortgage lendingin decades.
The only cure for fallingy home prices is for consumers to beginn buying homes again in significant he said. “When people decide they’re goinh to buy houses, they’re goinb to help our economy,” he said. To weather the Miller has slowed hiring and is focusingh on controlling spending at Texas Although there are fewer optionsavailabld now, Miller agreed that qualified borrowers can get a home “All we can do is answerr the phones, and help peopld get mortgages,” he said. McMahan said focusing on the fundamentals will help mortgagee lenders through thisextraordinary downturn. “Yoju go back to basics.
Sit down with a Realtor and say, ‘Giv e me your prospects, and I’ll help them get readty to buya home,’ he said. McMahan’s message for potential “You can get a loan, but you’ve got to be qualified, and you’ves got to deal with a
Friday, February 17, 2012
Cases increase for business turnaround specialists - Business First of Columbus:
Company owners may be too clos to the situation tosee what’s reallh going on in their business, or so exasperated that they’re ready to give up. That’s when they hire turnaroune specialists. “We go in, do the triagse that’s required, stopping the bleeding and making sure thepatient survives,” said Rich managing director of the Denver office of restructurinfg firm Alvarez and Marsal, and 2009 presideny of the ’s Denver chapter. “Fronm there, we identify the areas where we can cut costs in thenear term, then go diagnose the bigger problem.
” The local TMA chapte r is composed of turnaround practitioners, lenders, attorneys, financial specialists, operations specialists and other professionals. The chapterd has almost 190 members and holds meetings on the last Wednesdauy of each month at the DenverAthletiv Club. The chapter offersx educational programs as well asnetworking “Turnaround managers or restructuring officers are specially trained,” said Jim a member of the law firm of LLC in and immediate past president of the locao TMA chapter.
“Their expertise is in lookinf at and helping companies to best manage their For example, look at the core operating divisiobn of a business — some of them might be pulling down the businesa because they’re losing money, and othert units are profit centers. “A good turnaround officerd will help owners focus on the and look for portions of the businesss that can stand ontheir own, as opposed to those that are losing money and don’t have a viabled chance of succeeding. [Theyy concentrate on] how they can get a companyy where they can have positivecash flow.” There’se plenty of turnaround work out thers right now.
“There seem to be a lot more [troubled than there used to be, and the problemxs are harder to solve than they used to Markus said. It was much easiert to find financing before therecessionn hit, he said, citing sourceas such as banks, asset-based lenders (factor and private funding sources such as privater equity funds, distressed opportunity funda and hedge funds. • r2 advisors llc won a TMA awardr for work it performed for alocalp company. Tom Kim, a bankruptcy lawyer who is the firm’sx senior managing director, said he was broughft in after a troubled company had idlerd its manufacturing plant and facedr heavycredit pressure.
“Once we figuredc out that [the business model] could stil l work, we had to figur out sources of cash and how we wouldspends it,” he said. Also, he helperd ease the debt negotiating longer terms onexisting 30-, 60- and 90-dayh arrangements. The company was righted, and about 18 months later, the owner sold most of it and becames aminority owner. “And now the company is doing just Kim said. • Sometimes a business or senior management, is too close to the situatiomn to unearth the root causesof problems.
A bank aske d Bill Mackenzie, managing directo of Denver-based LLC, to liquidats a company, because the bank had lost confidence inthe borrower’sa ability to survive. After the initiak meeting, “I said, ‘give us two weeks to see if liquidation is the only he said. “‘Maybe we can come to anothefr solution.’” After two weeks of study, Mackenzise told the bank and the borrower thathe didn’tr think liquidation was in anyone’s best interest. Then he begamn searching for the borrower’s “hook”— “What in the businesz model has a unique edgeto it?” he “What is it that may allow the companyh to survive?
” He found it, somethinhg that would be valuable to potential The borrower had legacy arrangementx — grandfather clauses dating to the company’s start in whicgh suppliers gave it discounts of 10 percenrt to 15 percent. “These agreementxs allowed the company to get substantial discountxs fromtheir purchases,” Mackenzie said. “And anybody that acquiredr the company would benefit fromthosr contracts. That gave them a competitives edge.
” Bottom line: They sold the company within threemonths — enablinbg 125 employees to keep their Then there are business ownersz who simply give up and walk and decide to liquidate their “That doesn’t help anybody,” Markus said. “When a business shutws its doors, the assets get auctioned off and all the employeesare fired. We try to find ways to restructurs a businessso there’s greater value.” company owners wait too long to seek help. “Thag is not uncommon,” Markus said. “A lot of times, businesses wait too and their options become muchtoo limited.
In the restructuring the earlier we canget involved, the better the chanc we can find the solution.”
