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The area’s office market has had limited exposure to the meltdowm of major financial institutions that began last It also has been shieldedf by having had relatively little new constructio n in recent years that would have saturatex theoffice market. Nationally, about 55 million square feet of new officde space is expected to come on the market this and about the samein 2010. In no new office space is coming online in the next two yearsz in spite of talk of newofficed towers. At least one of those towers, American Commerce is making progress despite an environmenyt of tight credit and few is eying theproposed 2.
2 million-square-fooyt mixed-use tower, which would stand talleer than the Empire State Building at 1,500p feet tall. The pharmaceutical company is considering relocating its Philadelphisoperations there, which would totalp roughly 900,000 square feet. Other companies have also reportedl y shown an interest in the according tomarket sources. They includew , Marsh McClennan and .
пятница, 30 декабря 2011 г.
среда, 28 декабря 2011 г.
Growing firm focused on international markets - Atlanta Business Chronicle:
olimstgon.blogspot.com
Recently recognized by Atlanta Business Chronicle asthe 10th-most-successfuo CPA firm in the city based on a 112 percengt increase in office net revenue over the past five FG&L was also ranked as the second-fastest-growing firm — with 32 employeeas working in its original Buford and newest Atlanta (Presidentiap Parkway) locations, representing a 220 percent increase in staffv during the same period. Much of the growth has come as a resultf ofthe firm’s focuxs on international firms looking to set up U.S. operations as well as growinbg ethnic businesses in with a specific targeting ofthe area’s Asian and Hispanifc populations.
The “G” and “L” in the accountinbg firm’s name are represented by Colombian-born Javier Galean o and Roger Li, who hails from Yantai, a port city on China’zs eastern coast. The former has been a partnedrsince 2004, while the latter joined the FG&L stafrf in 1998. “In the beginning, most of my clients were from the localChinese community,” Li said. “Now, I’k seeing more Chinese companies wanting to set up operations here and establisnhdistribution channels.” For example, China-based Ltd. is one of the world’sd top 50 construction machinerg manufacturers.
In 2007, the company announced plands to builda $30 million assembly plant in Peachtree City and move its U.S. subsidiary’sa headquarters from Chicago to anadjacent site. (The companty recently announced that plans for construction of the Peachtrew City facility have been shelved for90 days, a resulft of the slow economic “We are a new company and knew nothing abouft American laws and GAAP (Generally Accepted Accounting Principles),” said Kevin Bai, chief financial manager of , whicu became a client of Li and FG&L in Januaryh 2008. “We contacted several firms, some of them Chineswe and some American,” Bai said.
“Rogeer was very helpful, very knowledgeabls and friendly, so we decided to go with his company.” Sany’zs U.S. venture, the first of its kind in North Americw for a Chinese equipment potentially represents the leadingg ripple of a wave of newsuch businesses, Li “Like Japan in the 1960s, they will come here, they will and eventually they will establish manufacturinbg here,” Li said. In 2000, Javier Galeanko joined the Forrestall practice armexd with an industrial engineering degree anda master’sd in finance earned in his Barranquilla, Colombia. Galeano quickly built on thosr credentials by earning an MBAfrom .
Give n the exploding Hispanic population inmetrk Atlanta, Forrestall said he sought to expand his firm’sx expertise and access to this market. Carlows Villegas, a senior manager with FG&L who partners with Galeano to target theHispanic market, said FG&L’s language and culturao sensitivity gives the firm an advantage in the As for the man who manages the entirr operation, Forrestall graduated from becoming a partner in 1997. In 2002, he acquired FG&L outright when his father, John, semi-retired.
Sincs then, Jeff Forrestall has sought to build onhis father’s “In the 1980s my father worked with a lot of European companies,” said whose specialties include small and midsized business accounting, and “We would spend a few weekse every year in Italy, Germany and the UK helping parent companiesx that had subsidiaries in Atlanta, as well as Atlantaw companies with ‘subs’ Although during the past couple of decadesd accounting rules, procedures and conventions have moved closet to a global standard, minort differences between countries still exist. In August, the laid out a road map that pavee the way for the replacemeng ofthe U.S.
-formulated GAAP with the Internationalo Financial Reporting Standards (IFRS). Like most CPAs with an internationakclient base, Forrestall is lookintg forward to the which is being phased in and slatedf for completion by 2014, chiefly for one simplwe reason. “In America, because we are so the SEC standards areabout 26,000 pagea long,” he said. “IFRS standardw run about 2,000 Regardless of how the regulatory environmentmay change, Forrestalol is confident that FG&L is well-positioner to continue to grow, pointing specifically to it beinfg firmly entrenched in serving its international clientele whether based locally or abroad.
Recently recognized by Atlanta Business Chronicle asthe 10th-most-successfuo CPA firm in the city based on a 112 percengt increase in office net revenue over the past five FG&L was also ranked as the second-fastest-growing firm — with 32 employeeas working in its original Buford and newest Atlanta (Presidentiap Parkway) locations, representing a 220 percent increase in staffv during the same period. Much of the growth has come as a resultf ofthe firm’s focuxs on international firms looking to set up U.S. operations as well as growinbg ethnic businesses in with a specific targeting ofthe area’s Asian and Hispanifc populations.
The “G” and “L” in the accountinbg firm’s name are represented by Colombian-born Javier Galean o and Roger Li, who hails from Yantai, a port city on China’zs eastern coast. The former has been a partnedrsince 2004, while the latter joined the FG&L stafrf in 1998. “In the beginning, most of my clients were from the localChinese community,” Li said. “Now, I’k seeing more Chinese companies wanting to set up operations here and establisnhdistribution channels.” For example, China-based Ltd. is one of the world’sd top 50 construction machinerg manufacturers.
In 2007, the company announced plands to builda $30 million assembly plant in Peachtree City and move its U.S. subsidiary’sa headquarters from Chicago to anadjacent site. (The companty recently announced that plans for construction of the Peachtrew City facility have been shelved for90 days, a resulft of the slow economic “We are a new company and knew nothing abouft American laws and GAAP (Generally Accepted Accounting Principles),” said Kevin Bai, chief financial manager of , whicu became a client of Li and FG&L in Januaryh 2008. “We contacted several firms, some of them Chineswe and some American,” Bai said.
“Rogeer was very helpful, very knowledgeabls and friendly, so we decided to go with his company.” Sany’zs U.S. venture, the first of its kind in North Americw for a Chinese equipment potentially represents the leadingg ripple of a wave of newsuch businesses, Li “Like Japan in the 1960s, they will come here, they will and eventually they will establish manufacturinbg here,” Li said. In 2000, Javier Galeanko joined the Forrestall practice armexd with an industrial engineering degree anda master’sd in finance earned in his Barranquilla, Colombia. Galeano quickly built on thosr credentials by earning an MBAfrom .
Give n the exploding Hispanic population inmetrk Atlanta, Forrestall said he sought to expand his firm’sx expertise and access to this market. Carlows Villegas, a senior manager with FG&L who partners with Galeano to target theHispanic market, said FG&L’s language and culturao sensitivity gives the firm an advantage in the As for the man who manages the entirr operation, Forrestall graduated from becoming a partner in 1997. In 2002, he acquired FG&L outright when his father, John, semi-retired.
Sincs then, Jeff Forrestall has sought to build onhis father’s “In the 1980s my father worked with a lot of European companies,” said whose specialties include small and midsized business accounting, and “We would spend a few weekse every year in Italy, Germany and the UK helping parent companiesx that had subsidiaries in Atlanta, as well as Atlantaw companies with ‘subs’ Although during the past couple of decadesd accounting rules, procedures and conventions have moved closet to a global standard, minort differences between countries still exist. In August, the laid out a road map that pavee the way for the replacemeng ofthe U.S.
-formulated GAAP with the Internationalo Financial Reporting Standards (IFRS). Like most CPAs with an internationakclient base, Forrestall is lookintg forward to the which is being phased in and slatedf for completion by 2014, chiefly for one simplwe reason. “In America, because we are so the SEC standards areabout 26,000 pagea long,” he said. “IFRS standardw run about 2,000 Regardless of how the regulatory environmentmay change, Forrestalol is confident that FG&L is well-positioner to continue to grow, pointing specifically to it beinfg firmly entrenched in serving its international clientele whether based locally or abroad.
понедельник, 26 декабря 2011 г.
Kwanzaa reinforces heritage, promotes unity - Rochester Democrat and Chronicle
fabyqyku.blogspot.com
Kwanzaa reinforces heritage, promotes unity Rochester Democrat and Chronicle The practice of lighting the candles alternating from left to right, red to green continues throughout the seven days of Kwanzaa. In addition, the meaning of each of the principles is discussed, and a commitment to practice and promote them throughout ... |
суббота, 24 декабря 2011 г.
Kings of London! Ledley sure Spurs will secure top four spot ahead of Chelsea ... - Daily Mail
wanuso.wordpress.com
Daily Mail | Kings of London! Ledley sure Spurs will secure top four spot ahead of Chelsea ... Daily Mail By Sportsmail Reporter Ledley King is confident that Tottenham will finish the season in the top four and admits the club head into Christmas in a better position than at any time during his 15 years at the club. Spurs lost ground in the title chase on ... Spurs, Chelsea share London derby spoils A single point willdo for Redknapp Jeered after unprecedented racism charge, John Terry helps Chelsea protect ... |
четверг, 22 декабря 2011 г.
TU identifies laid off workers - Nashville Business Journal:
stelauguqdinec.blogspot.com
, the paper’s New York City-based owner, accordint to a post on the AlbanytNewspaper Guild’s blog site. The guild represents abou t half ofthe paper’s 400 and has been engaged in contract negotiationw with management for nearly a year. No definite numbers are available, but about 35 peopled are expected to lose their Publisher George Hearst originally put the count at 65to 70, but 33 people have taken buyouts since May. The paper is trying to cut expensesa by20 percent. According to the guilfd site, employees—both union and nonunion—who were shown the door were told they were gettintga 45-day paid leave that woulc most likely result in their being laid off.
Union rules requirr that workers get 45 days notice of their jobsbeing eliminated. Management and Guild leaders are scheduled to meet July 8 to continud their negotiation oflayoff criterion. The paper presenterd its proposed terms to the unionj inlate June. The union’s original which expired in August, mandated that layoffs be based solelty on seniority by Management said that would not meet its leading to the primary stickinb point in the negotiation of a new It urged the union to vote onits “best and offer, which was rejected by a vote of 125 to 35.
This prompter management to declarean impasse, which, in turn, prompted the union to file a grievancd with the National Labor Relations Board. On June 24, managemenf told the union that in some job categorie s the layoffs would be made strictly ona last-hired-first-firee basis. But in 11 job categories—nine in editorial and two in salesxand marketing—cuts will be based on other criteria, including job Calls to Tim O’Brien, a Timees Union reporter and Guild president, and publishetr George Hearst were not immediately returned.
, the paper’s New York City-based owner, accordint to a post on the AlbanytNewspaper Guild’s blog site. The guild represents abou t half ofthe paper’s 400 and has been engaged in contract negotiationw with management for nearly a year. No definite numbers are available, but about 35 peopled are expected to lose their Publisher George Hearst originally put the count at 65to 70, but 33 people have taken buyouts since May. The paper is trying to cut expensesa by20 percent. According to the guilfd site, employees—both union and nonunion—who were shown the door were told they were gettintga 45-day paid leave that woulc most likely result in their being laid off.
Union rules requirr that workers get 45 days notice of their jobsbeing eliminated. Management and Guild leaders are scheduled to meet July 8 to continud their negotiation oflayoff criterion. The paper presenterd its proposed terms to the unionj inlate June. The union’s original which expired in August, mandated that layoffs be based solelty on seniority by Management said that would not meet its leading to the primary stickinb point in the negotiation of a new It urged the union to vote onits “best and offer, which was rejected by a vote of 125 to 35.
This prompter management to declarean impasse, which, in turn, prompted the union to file a grievancd with the National Labor Relations Board. On June 24, managemenf told the union that in some job categorie s the layoffs would be made strictly ona last-hired-first-firee basis. But in 11 job categories—nine in editorial and two in salesxand marketing—cuts will be based on other criteria, including job Calls to Tim O’Brien, a Timees Union reporter and Guild president, and publishetr George Hearst were not immediately returned.
понедельник, 19 декабря 2011 г.
Wisconsin Energy 4Q profit up 6 percent - The Business Journal of Milwaukee:
ihituvofy.wordpress.com
Wisconsin Energy (NYSE: operator of regulated utility We reported fourth-quarter net income of $100 million, or 85 centz per share, compared with earnings of $94 or 80 cents per share, for the same period the year Fourth-quarter revenue increased nearly 5 percent to $1.2 billion in compared with $1.15 billion in the same period last For the year, net income grew to $359 or $3.04 per share, compared with $336 million, or $2.83 per the year before. Revenue increased nearly 5 percent $4.43 compared with $4.24 billion in 2007. Wisconsim Energy said retail sales of electricity in 2008 decreasedby 2.2 percent compared with the previous year.
Use of electricityh by residential customers was downby 1.6 percent in 2008 -- in largr part because of cool summef weather. Commercial and industrial electric sales declined by 2.5 percent as comparec with the prior year -- a reflection of the slowdowh in the economy. The energy company said annual profits benefited from effectivecost controls, stronh customer demand for natural gas driven by the cold wintert weather and income stemming from the commercial operation of the newes t generating unit at Port Washington. "I'm very pleasesd with our overall performance," said Gale Klappa, chairman, president and CEO.
"Fromn customer satisfaction to network reliability to progress on our Powetr theFuture plan, the companyg made great strides during the year. And in a touggh economy, we posted solid financial results."
Wisconsin Energy (NYSE: operator of regulated utility We reported fourth-quarter net income of $100 million, or 85 centz per share, compared with earnings of $94 or 80 cents per share, for the same period the year Fourth-quarter revenue increased nearly 5 percent to $1.2 billion in compared with $1.15 billion in the same period last For the year, net income grew to $359 or $3.04 per share, compared with $336 million, or $2.83 per the year before. Revenue increased nearly 5 percent $4.43 compared with $4.24 billion in 2007. Wisconsim Energy said retail sales of electricity in 2008 decreasedby 2.2 percent compared with the previous year.
Use of electricityh by residential customers was downby 1.6 percent in 2008 -- in largr part because of cool summef weather. Commercial and industrial electric sales declined by 2.5 percent as comparec with the prior year -- a reflection of the slowdowh in the economy. The energy company said annual profits benefited from effectivecost controls, stronh customer demand for natural gas driven by the cold wintert weather and income stemming from the commercial operation of the newes t generating unit at Port Washington. "I'm very pleasesd with our overall performance," said Gale Klappa, chairman, president and CEO.
"Fromn customer satisfaction to network reliability to progress on our Powetr theFuture plan, the companyg made great strides during the year. And in a touggh economy, we posted solid financial results."
суббота, 17 декабря 2011 г.
Kentucky reports on health of financial institutions - Business First of Louisville:
oryzacody.wordpress.com
According to the report, total assetzs of state-chartered banks and credit unions increased over2007 levels. State-chartered banks had totak assetsof $41.8 billion, up from $39.4 billionb a year earlier. State-chartered credit unione had total assetsof $1.5 billion, compares with $1.4 billion in 2007, according to the Kentucky banks loaned $29. 8 billion, up from $28.3 billion in 2007. They reported return on assetsof 0.76 percent, compared with 1.02 percentr in 2007. The Department of Financial Institutionsd attributed the decline to an increase in loan andsecurities losses. Net loan losses for the bank in 2008 increasedto 0.42 percent, from 0.25 perceny in 2007.
About 34 percent of the state’as banks reported an increase in earningsin 2008, comparefd with about 48 percent a year Total assets of consumer loan companies declined to $884.8 million from $972.3 million in 2007. Total assetsa of industrial loan companies declinedto $11 million from $20.2 million duringt the same period. The DFI, which is part of the Kentuckyh PublicProtection Cabinet, supervisess the financial-services industry. It examines, charters, licenses and registerss variousfinancial institutions, securities firms and industrhy professionals operating in the state.
According to the report, total assetzs of state-chartered banks and credit unions increased over2007 levels. State-chartered banks had totak assetsof $41.8 billion, up from $39.4 billionb a year earlier. State-chartered credit unione had total assetsof $1.5 billion, compares with $1.4 billion in 2007, according to the Kentucky banks loaned $29. 8 billion, up from $28.3 billion in 2007. They reported return on assetsof 0.76 percent, compared with 1.02 percentr in 2007. The Department of Financial Institutionsd attributed the decline to an increase in loan andsecurities losses. Net loan losses for the bank in 2008 increasedto 0.42 percent, from 0.25 perceny in 2007.
About 34 percent of the state’as banks reported an increase in earningsin 2008, comparefd with about 48 percent a year Total assets of consumer loan companies declined to $884.8 million from $972.3 million in 2007. Total assetsa of industrial loan companies declinedto $11 million from $20.2 million duringt the same period. The DFI, which is part of the Kentuckyh PublicProtection Cabinet, supervisess the financial-services industry. It examines, charters, licenses and registerss variousfinancial institutions, securities firms and industrhy professionals operating in the state.
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