Teen arrested in wounding of Yakima grandmother, grandson - Yakima Herald-Republic

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Teen arrested in wounding of Yakima grandmother, grandson Yakima Herald-Republic Police made a quick arrest in the shooting Tuesday night of a grandmother and her 15-year-old grandson. The suspect is another 15-year-old boy who was taken into custody at a trailer court Wednesday morning in Union Gap, Yakima police Lt. Mike Merryman ... KIMA Digs Deeper into Yakima Gun Assaults KIMA CBS 29 Suspects ! and Accomplices Arrested in Shooting of Grandmother and Grandson KAPP  »

Grede Foundries files for bankruptcy protection - Business First of Columbus:

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Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of private investment funds with more than $5 billion in has offered to providd a $45 million temporary loan facility to alloa time for an orderly sale undet the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billionn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptcg Court for the Western District of was driven by the impact of the curreng economic downturn on the company andits customers, particularlh the automotive industry, said Richard Koenings chairma of the board of directorsw for Wauwatosa-based Grede.
The reorganization and asseyt sale is expected to position the company for a turnarouned as the country emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotive and constructionb industries and the resulting impact on our company and the foundry industry in genera require that we take this strategic action,” Koenings said.
“We have carefully exploreed many options, and believe a sale to a strontg financial backer like Wayzata is the best way to effectivelyu proceed in what has been an exceedingly difficult Koenings stressed that Grede Foundriesx remains in business and that jobs will remainm duringthe transition. “This move gives us the time to restructurr while we continue to do business and operatedour plants,” he said. “Grede will continud to buy goods and services fromits vendors, suppor its work force and provide its customers with the same qualithy products and service they’ve come to expect from us.
Our goal is to preserve and strengthen our businese so that we can compete successfull inthe future.” Wayzata has also agreed to make the firsrt bid, often called a “stalking bid, for Grede. “Wayzata’s commitment showsa their belief in the strength of the Greder name and its respected positioj in thefoundry industry,” Koenings Sales of businesses in bankruptcy proceedings are oftenm structured where one companu makes the initial bid for another company’zs assets. Under rules approved by the court, higher offers from third parties can be submittee ascompeting bids.
The “stalking horse” arrangement helps ensure that Gredr receives the best value for its assete and allows for offers that are best for the creditorss while preserving thebusiness operations, company managemengt said. Grede said that it has already received inquirie from other parties that are interestedin Grede’ss production capacity. Koenings said Grede expects the sale and relatedf bidding process to move steadily through thecourt “We are deeply committed to doing everythiny necessary to put our company on solicd footing as the nation begins to rise out of the worsyt economic conditions since the Greatr Depression,” he said.
“Our customerss very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeez from its foundry in Wauwatosa sincd the endof January. In April, the companu revealed plans to close its foundrytin Greenwood, S.C.

Madden Simulations, Week 3: Arizona Cardinals At Seattle Seahawks - NFL News

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Madden Simulations, Week 3: Arizona Cardinals At Seattle Seahawks NFL News It is time for another Madden Simulation as the Cardinals go into Seattle to play the Seahawks for week three of the NFL Season. Going back to 15 minute quarters for this week, and the Super Sim mode is still being used. With that said, lets get on to ... and more »

Study: Energy industry tops emission mitigation spending - Houston Business Journal:

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billion from 2000 to 2008 in technologies to reduce greenhouse gas according to anational study. The amount represents the largesrchunk — about 44 percentt — of the total invested by all U.S. privatd industry and the federal government. • Some $30.6 billion went into advancexd end-use technologies, such as combined heat and power (cogeneration), carbon capturd and storage, and advanced • Fuel substitution — in which a lower greenhousr gas emission fuel such as naturap gas was substituted for a higherone — accounted for $21.1q billion; • More than $6.7 billion supporteed development of nonhydrocarbon energyu sources, such as biofuels and solar power.
The total amounty spent by all U.S. industries and the federal government on greenhouse gas mitigation during the period of the studieswas $133 The study was undertaken by T2 and Associates and the Centetr for Energy Economics at the using data from 420 company annuap reports, federal budget documents, and othe public sources.

Beige Book: Southeast economic decline moderating - Orlando Business Journal:

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Sales and consumer traffic remainedx at low levels inlate spring, but in line with modesf expectations, according to Southeasternm retailers. Retailers' future sales outlook remained Most regional auto dealers noted furthere declinesin sales, with several pointing to reduced credit availability and industry uncertainty as reasons for the poor results. Reports from Realtora indicated existing home sales werestabilizing overall. Homebuilderes noted new home inventoriezs were trending down ona year-over-year basis as construction remained at low levels and new home sales improvee modestly. Home sales prices continued to decline accordiny tomost reports.
Commercial real estate activityyremained weak. Vacancy rates continued to rise in many partes ofthe Southeast, putting downward pressure on most notably in the retail sector. Contractors reported more projects beinyg postponedor canceled. Commercial real estate players anticipate more space will becomed vacant in the coming months and that construction will continu eto slow. Most Southeastern manufacturers said the rate of declinse in production and orders moderatein April. For the coming months, most in manufacturingg noted more optimism about future productiohnand employment.
Several business contacts reportesd difficulty meeting financing needs because of restrictede availabilityof credit. Roughly one-quarter of non-auto retailers and one-thirrd of non-financial/non-retail contacts cited some difficulthy obtaining loans for inventory Auto dealers, in particular, said that obtaininf vehicle inventory financing was very challenging. Banking contactx continued to indicate generally low levels of demand for new loans and increased use of existing lines of Labor market conditions continuer tobe weak. Many firms reportedx additional cuts in hours or had institutedx mandatory unpaid days off forsome staff.
However, the pace of layoffe appears tohave slowed, as fewer firms reported layoffs than earliedr in the year.

Assisting Asian homeowners - Atlanta Business Chronicle:

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The (AREAA), founded in recently launched its Greater Atlanta which is getting particular attentiob from national Chairwoman EmilyMoerdomo Fu, directorr and partner of . “We are the only trade organization that focuses on home ownership for Fu said. “There is a growing Asiab population in the United States and growing investment comin g fromAsian countries.” Therse are about 282,219 Asians that call Georgia home, accordin g to May 2006 Census data, the most recent Of that total, 225,860 — abou 80 percent — live in metro which is why an Atlanta AREAsA chapter is so important, said YangSooo Ku, AREAA’s Atlanta chairwoman.
“The majority of Asians are first-generation,” said Ku, who came to Georgiaw in 1973 from Korea. “There are languag e barriers, cultural differences, and we do business differently.” In the Asiam culture, home ownership is a priority, Fu but the percentage of home ownership by Asians in the Uniteed States is below thenational average. “Wed formed [AREAA] to help bridge the difference,” Fu said. Slightly more than 68 percent of U.S. residents were homeowneras in thesecond quarter, according to the . Of thoser homeowners, 75.2 percent were white, 47.8 percent were 49.6 percent were Hispanic, and 58.
4 percent were Native American, Native Hawaiian, Nativer Alaskan or other PacifivIslander ethnicity. Home ownership grew among black residents, compared with a year ago, the July 24 Censusz report said, but remained unchanged or fellfor Hispanics, whited and the ethnic categorgy that includes Asians. Old Asia is a cash-basis culture, said Ku, the local AREAw chairwoman, and first-generation Asians may not have builr up credit fora loan, nor understandr the U.S. banking system. “We have to guided them on what is the best way to do business in said Ku, president of Realty Centrak of Atlanta in Norcross.
AREAA plans to offere seminars locally to potential homeowners and educational programssfor agents, lenders and others, Ku AREAA is also working at the nationalp level for mortgage programs that considere alternatives to traditional credit histories. Asians tend to be said John Gornall, an attorney at Arnallk Golden Gregory LLP who specializess ineconomic development. As entrepreneurs, Asian men and womeb may be taking modest salarie as they sink profits back intotheid businesses, he said.
“On the one hand, that is a laudable activity, but when I’m a lender, I can see they have a lot of equitu intheir business, but their income doesn’t look so said Gornall, who helped represent the state of Georgiq in negotiations for the plant in West near the Alabama border. Atlantwa has seen quite a bit of Asian investmengt overthe years, particularly by the Japanese in the 1980s, when Japanese interests owned what is now One Atlanti c Center in Midtown and the Equitable building Fu recently met in Atlanta with a Beijing real estated company and a company from Both were exploring joint ventureds for commercial development here, she

Industry study: Forty percent of software programs are pirated - East Bay Business Times:

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"For the second year in a row, we have seen a rise in softwarew piracy around the This is an alarming trenc despite our extensive efforts to enact laws and developo educational programs that promote a safe and legal online saysRobert Holleyman, president and CEO of the Businesws Software Alliance. "Piracy is theft -- plain and simplw -- theft that is robbing the global economt of hundreds of thousands of jobs and billions of dollars in wage andtax revenues." The study highlights the impac t of unlicensed software use on economies in 85 Worldwide dollar losses due to piracy dropped from $11.75r billion in 2000 to $10.978 billion in 2001, the alliance says.
It attributes the decline in dollar losses to a drop in software prices and the effectas of a worldwideeconomic slowdown. North America, Asia/Pacific and Westerjn Europe accounted for themajority (85 percent) of revenue losses. "Ihn the seven years that we have conductesthis study, this is the firsy time piracy has increased two years in a Holleyman says. "This is particularly disturbinbg in light of the fact that more and more softwarde companies are moving their distributiohn systems tothe Internet." In the piracy rate in the United Statees increased one percentage point to 25 Total losses due to software piracy in the Unitee States were more than $1.8 down from $2.
6 billion in 2000. says the decline from 2000 to 2001 is the resul of several factors including astrong U.S. dollar and falling software prices continuedsto fall, advancing a trend of decliningb prices that has evolved over the last decade. At 67 countries in Eastern Europe had the highest pirac y rate of allthe regions, and withib that region Russia and the Ukraine had the highest pirac rates -- both at 87 percent.

Deal yields benefits for Stanton - Minneapolis / St. Paul Business Journal:

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Arthur J. Gallagher & Co. bought the Plymouth-basef insurer in December on undisclosed Stanton’s 110 employees were merged into Gallagher’s operations, whichb include a Minneapolis branch with60 employees. The two companiews plan to move into common space at some pointthis year. Stantonb expects no layoffs as a result of the The merger willallow Stanton, whic has three Minnesota offices and one in to maintain its local presence whil e providing it with the resourcez of a large international firm, said Michaelo O’Brien, area president for Stanton Group, whichy will keep its name as a divisionn of Gallagher Benefit Services Inc. Gallagher, basesd in Itasca, Ill.
, has 70 officesd nationwide. Stanton Group issuerd $484 million worth of premiums in making itthe sixth-largest insurance broked in the Twin Cities accordinhg to Business Journal research. After the Gallagher’s Twin Cities office will be ranked third, O’Brien said. Gallagher (NYSE: AJG) has $1.6 billion in revenue. The companies offer complementary resources, which is one of the reasons Stantom was a good acquisition target for Gallagher, said Bill Ziebell, executivwe vice president of Gallagher Benefit “Stanton brings to the tablew some specialized expertise” in areas Gallagher hasn’ft focused on in the said Ziebell, citing Stanton’s compensation survey business as an In turn, Gallagher offers industryh segments Stanton has not been involved in like retirement products, O’Brien said.
Gallagher, whicg has had steady growth throughout its history through both organic meanxs and byacquiring companies, has been wantinh to make inroads into the Twin Cities market for some Ziebell said. “The Twin Cities is a majotr market inthe Midwest,” Ziebelk said. “We were there, but we hadn’ t grown like we had in other markets. We didn’g like being a small player.
” This kind of merget is in keeping with industrty movements towardmore consolidation, said Stev Weisbart, chief economist and senior vice president for the Insurance Informationn Institute, who thinks the trend will continue this “Companies and insurance brokerages that are lookinfg to build scale or add markets that they don’tr currently serve may find opportunitiesx to do so through consolidation,” he said.

North Shore theater likely to liquidate - Denver Business Journal:

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Theater executives announced Tuesday that the financiallt distressed theater has failedx to raisethe $2 million it needed to put on 2009 although more than $500,000 in pledges have been made since the theaterf announced a turn-around strategy in mid April. “The thing we know is that we’rer not putting on a 2009 season. I thinik the very likely consequence of that is that we will very quicklhy go outof business,” said Davic Fellows, chairman of the Northg Shore Music Theatre board.
“Whether it’s Chaptee 11 or Chapter 7 — it’s completely up in the air at the Without a production season this the theater is unabl e to address the substantial debts of its creditors and restoresthe theater’s economic health, said The theater is approximatelt $10 million in debt, including large mortgages on its propert y and buildings and debtsw to vendors, the State of Massachusetts, and subscriberz who paid in advance for the 2009 season. Fellows said most of the theater’w 4,400 subscribers are unlikely to get theirmonegy returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with senior creditors and are reviewing a liquidation to maximize the value ofthe theater’s assets for its stakeholders as well as identifuy potential “friendly” buyers of the property who might consider a leasew back of the theater, Fellows

Demand driving Toll Brothers to build anew in Philly - Baltimore Business Journal:

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Despite the housing slump, the project began in March as thedeveloperr — one of the largesy in Greater Baltimore — managed to sell out on its firsrt phase of the project, defyinf doldrums plaguing the residential real estated market. Kicking off a new phase of the projecg comes as housing starts nationally plunged tohistoric lows, according to the latesy data from the U.S. Commerce Housing starts fell by 12.8 percent in April to 458,000, which is considerefd the lowest since the government began tracking the data 50years ago. “It’s unique,” said Chuck Breder, division vice presidenr with Toll, which has an office in Columbia.
“Even though we don’t have the investor market, the salesw pace over the last threed years has beenprettgy constant.” Toll began selling the firsgt phase, which consisted of 345 condominiums, at the end of 2004 and sold on averags 70 units each year, Breder said.

Baylor finalizing deal to manage Trinity - Dallas Business Journal:

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Baylor and Metrocrest are in the throeds of signinga 25-year operating lease to run the 237-bec Trinity hospital, with options to renew and that lease would also lead to the renaming of the hospital to at said Charles Heath, president of the Metrocrest Hospital The deal is expectedf to close in mid-June, he said. The hospital’sz management will change hand s to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement. Heath said Baylor will pay a fee for the leases ofthe facility, just as in any real estate deal, although he declined to say how much.
Metrocrest, a locap governmental entity that serves the communitiesz ofNorth Dallas, Farmers Branch, Carrollton, Addison and The Colony, owns the hospitald but hires outside health care management companiexs to operate them. Metrocrest originallt had selected Charlotte, N.C.-based to manage Trinithy and itsother hospital, the former . But the deal with HPA dissolves in February 2008 when HPA filecd for bankruptcy for Chapter 11bankruptcgy protection, which later shiftec into a Chapter 7. And beforwe that, made been managing Trinity and the formerrRHD Memorial, with a 25-year operating lease that ended in August when Metrocrest decided to not renew the leaser with Tenet.
Tenet at one time had an ownership stakde inboth hospitals, but no longer does and it will not be involvedd in either transaction, Heath A limited liability corporation consisting of a numberr of physician partners and HPA has been managiny Trinity since March 2008, Heath said, but Metrocrest has been looking for a new hospita operator of its two hospitals for some In March, Metrocrest signed a temporaru lease with to manage the former RHD and also is the process of drawin up a 25-year operating lease with said Ira Korman, president of IntraMed a Dallas-based health care consulting company.
The operating lease wouls establish Baylor as the largest owne in the limited liability corporation that would operate the purchasing HPA’s share in the Heath said. Baylor had been dealinbg with HPA’s bankruptcy trustees to purchase HPA’s sharees for months. Both moves represent the possibility of strong expansion or growth of both whose fates had been stuck in limbo over the past couplde of years due to uncertaintyabout HPA.
About two weekas ago, IntraMed announced its plan to renamer RHD Memorial Hospital to to reflect its desire to transform the hospita l into a showcase of advanced medicaltechnology — and it planxs to expand the facility with a 20,000-square-footr advanced surgical hospital that will be connectecd to the current 155-bed hospital. Whether Baylor plans on expandinfg Trinity MedicalCenter — or how much changezs might come to hospital staf — as a resulft of the change in hospital managemenyt was a question better left to Baylofr to comment on, Heatj said. But Metrocrest will work to accommodate any expansion plans that Baylormight adopt.
Baylor spokeswomanh Susan Hall confirmed that Bayloer was in talks with Metrocrest about signinv an operating lease with TrinityMedical Center, but declined to divulgwe any further details. Heath said that the securing of long-terjm hospital management for Trinity was something Metrocrest had been lookingb forward to forsome time. “The surroundinh communites around Trinity will do nothing but he said.
“We’re looking forward to Baylor, whicy has an reputation for operating facilities, takinv over management of the hospital, and we think it’sx a positive move for the hospital we own in Because ofits location, Trinity’s distinct demographics mean that it will not be in direcrt competition with other hospitals in the area, said Nancg Williams, president of the . Trinity is located in Castld Hills, a huge luxurt masterplanned subdivisionthat “includews shopping and the whole nine yards,” she And it is in close striking distances of older homes in northern Farmerw Branch, which makes it accessible for a number of nearby communities.
“It’s in a growingh area, and it hasn’t been really marketed,” Williams And the hospital doesn’t yet have a stront community standing. Nearby families tended to go out of theie way to either Baylor Regional Medical Center at Planko or asa result. Trinity has been relativelyg unknown to the communitiesit serves, even thougjh it was in a growth mode, during Tenet’s tenure at its helm, she said. That may be partlhy because although Tenet’s headquarters is in it doesn’t have a strong “mothere ship” main campus hospital in the she said.
Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputatio inthe community, she said. Finally, having both Trinith and RHD under separated leadership is a good business because “each hospital will have a chancd to be recognized on their own, rathefr than as either identical twins — or stepsisteras — as they have been treatexd in the past,” Williams said.
“Theg are both very different organizations — from the typesd of physicians they have and the demographics around them — as well as what would be the best strategg for growing each,” Williams

St. Louis banks

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Twenty of 24 banks chartered here and tracked quarterly by the Business Journal own more real estat e as a result of foreclosureas than they did ayear ago, the most recent filingx show. Collectively through the first quarter, the 24 banks recorded $139.4 million in foreclosec real estate, classified as “other real estate owned,” up from $94.q2 million a year earlier — an increasr of 48 percent. In addition, seven banks reportefd that more than 3 percent of thei total loansare noncurrent, or nonperforming, whicj is considered poor. Once a loan is nonperforming 90 days or more past due a bank can no longer recogniz e itsinterest income.
Last year in the same quarter, enderd March 31, only two of the 24 banks reportecd more than 3 percent innonperforming loans. The sevenj banks are , 3.08 percent; , 3.17 & Trust, 3.30 percent; , 3.37 , 3.41 percent; PrivateBank, 4.26 and , with a whoppingy 10.42 percent. Truman’s percentage is unusuallyt high because it had an unusually large numberr of problem loans so large that the ordered it to revamp its managemengand operations. “Until we can work the problem loans througthe pipeline, we’re going to have a swollem number,” said Bill Kling, who was appointed Truman’sa president last month.
“The key is to make sure there are few or no bad loansx enteringthe pipeline.” At Pulaski, many residential real estate loanz have been modified and restructured with lower rates or extensions of the amortization period, said Gary chief executive. “A significant portion of theseloans — in exceses of 80 percent are current and performing in accordance with their modified terms, even though for reportinbg purposes we are required to continue to classify them as nonperforming for 12 months afte the modification.” Nonperforming loans of less than 1 percenrt are considered good. Seven banks achieved that in the down from 12 a year Theseven are: & Trust Co.
, 0.42 percent; , 0.75 , 0.19 percent; , 0.83 Midwest BankCentre, 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executive atSouthern Commercial, said his customeres have had the money to pay their loans — so far. “Bu t we also have more customerss running outof resources.” The remaining 10 banks reportec nonperforming loans of more than 1 percentf but less than 3 though more are closing in on 3 percent. “In the early 1980s when savings and loans were droppinvlike flies, 3 percent of loans beingb past due would get you onto a problem bank list with the if you were low on capital or weak on said Dan Hogan, a St.
Louis banking consultant and former bank examiner. The lists are not made Only four of the banks had less foreclosede real estate than ayear ago. They are Eagle Bank, Pulaskio Bank, The Bank of Edwardsville and theBusinessw Bank. The foreclosures are not unexpected, givenh the collapse of the realestate market. The combination of fewer peopleebuying homes, residential developers stuck with large inventories and declines in commercial real estates values as retail sales plummet mean that fewer borrowers can make theirf payments.
In fiscal 2008, other real estate owned jumpee 50 percent at the 24 And it’s important to note that the properties have been markex down to prices that banks feel confident they can “But the trend is clearly a deterioratinbg quality of assets,” said Jim Wagner, chief executive of Trust. Parkside, which launched only last year. Parksider isn’t one of the banks in the survet and has zerononperforming loans. “Until the trenr stops getting worse, there is no reason to expecft the industry at large to get any The communitybanks surveyed, chosen as a sample to gaug the state of St. Louis banking, vary widely in ranging from , with $6.
5 billion in to Rockwood Bank, with $352 million. Among six much large national and regional banks tracked quarterly by theBusinesd Journal, only UMB had nonperforming loans of less than 1 percen t — 0.52 percent through the first quarter, up from 0.21 perceng a year ago. Three had percentages higher than3 , 5.41 percent; , 4.34 percent; and U.S. 3.37 percent. was the only one of the six with less forecloses real estate than ayear ago, $8.7 milliomn compared with $10.6 million. First Banks had the biggest jump, from $13.2 million in other real estatwe owned a year agoto $145.8 milliomn this year.
First Banks, which has locations in five was hit especially hard by the real estate collapsee in California and Florida and has been workingg through problem loansfor months. Terry president and chief executive, has emphasized that the bank’s totalp risk-based and Tier 1 capital ratiows were better thanthe “well-capitalized” guidelinews regulators recommend.

Bulls not intimidated by Notre Dame's big stage - Tbo.com

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New York Times

Bulls not intimidated by Notre Dame's big stage Tbo.com "So many teams that have come into that stadium against teams I coached, very good teams, well coached," he said, "but they were intimidated and they were awed." USF coach Skip Holtz, though, doesn't think intimidation will be a problem, ... Notre Dame, USF separated by history MyFox Tampa Bay  »

Survey: Qualified renters tough to find - South Florida Business Journal:

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The survey of 870 property managers across the country found about half having difficult and another 81 percent worried they will not be able to find reliabler residents for the rest ofthe "Our survey confirms that the recession has placed addefd pressure on property managers and that they will continue to face economiv stress through at least the end of Mike Britti, VP of TransUnion's rentalk screening group, said in a news The survey found 32 percent of respondents saying that vacancy rates are higher than they were at the same time last while 48 percent said it was abou t the same and 20 percent say vacancies are lower.
Fifty-sevehn percent had property vacancies of 5 percenrtor less. Twenty-two percentt had property vacanciesof 6-10 percent. Thirteen percent had propertu vacanciesof 11-20 Six percent had property vacancies of 21 percen or higher.