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The (IATA) said passengers travelinf in the front cabindeclined 19.2 percengt compared to March 2008. The February decline was 21.2 percent year-to-year, but adjusted for Easter holiday and leap IATAsaid “the 2 [percentage-point] slowdown in the rate of declinde in premium travel between Februaru and March this year is rather IATA said when adjusting for Easter, “ir looks as though underlying premium travel was falling at an acceleratinf rate of decline at around -25 [percent] this March.” Economy trafficx was off 8.2 percenty year-over-year in March, and compared to an 8.3 percent fall-ofd in February. Total air traffic was down 9.
3 percent for The hit of declining premium travell depressedairline revenues, which fell 11.1 percen in March when measured by revenues per passenge kilometer. “Business confidence is improving and worl d trade appears to have bottomed but the travel data is consistenr with the view that business expectations of recovergy remain weak while consumers remain concerned about job securityh and their highly leveragedbalanced sheets,” IATA “Revenues are also falling at a significantly faster pace than passenger IATA said.
“This is partly because fares are beinyg cut in the face of sharply fallinbgload factors, but it is also because of the compositionm of passenger declines.” Many U.S. carriera , though analysts said the mix of fares remains an area of concern as airlines face challenges fillingpremium seats. Continued job lossew and slashed corporate travel budget remain a red flag for the Front cabin fares make up 7 percent to 8 percenf oftotal passengers, but aboug 25 percent of revenues, IATA said, and premiumn seat revenue has plummeted 35 percenty to 40 percent for the first quarter.
Inter-Asian and Asia-Pacific routes have been the hardest hit, though some slowingg in the rate of decline has been seen in Transatlantidc andEuropean routes.
Wednesday, February 29, 2012
Monday, February 27, 2012
Glimcher considering joint venture, sale for Polaris Towne Center - Business First of Columbus:
http://www.articletape.com/press-releases/news_2011-05-18-09-30-04-387.html
The Columbus-based real-estate investment trust said it has listefdthe 1.42 million-square-foot Lloyd Center in Portland, Ore.; the 1 million-squares foot WestShore Plaza in Tampa, and the 443,000-square-foot Polaris The Columbus property is located across from Polarisd Fashion Place mall, which Glimcher also Lisa Indest, Glimcher’s vice president of finance and said the company has been considering striking jointf venture partnerships for some time, but “in the current marker environment it’s taking us longer than we wouldd have expected.
” Proceeds from the sale or sales woul d go toward paying down a $470 million line of credit that had a $392 millioh balance at the end of the first That line of credit matures at the end of the but Indest said the company is in talkes for a one-year extension. Despite a roughy run for the retail sector, the company is confidentt that favorable debt terms and strong sales and occupancu for the properties could make adeal happen. Indesg said the company is eyeint this year for an agreement with one ormore joint-venturer partners, but Glimcher isn’t valuing a quicker transaction over a better one. “We reall y are going to be patient,” she said.
“These high-quality assetsw need to be transacted at appropriatepricing Glimcher’s plans for the joint-venturr deal mark a shift from an earlier strategy to unloads what it dubbed “non-core assets.” Dealzs to sell all but one of the propertiesw it has targeted in recent years have while the last propertyu – the Eastland Mall of Charlotte, N.C. – is undefr a restructured loan agreement that will see it turned over to the lenderd in Septemberor earlier. Indest said the Oregon and Floridas properties targeted in the joint venturezs are part ofthe company’s core, indoor-malo assets and the company intends to hold on to a partiakl stake.
The open-air Polaris Towne Center is a differengt story. “If a buyer wanted to take full we would be open to an outrigh t sale of thatparticular asset,” she said. “It’s our mall assetzs that we really liketo maintain.” Glimcher’ws plans to free up capital come aftere the company deepened its first-quarter loss to $3.6 millio n on a marginal gain in revenue to $78.23 million. Funds from operations, the company’s profit excluding one-time gainw and losses from the sale of depreciable properties andotherr factors, fell 6 percent to $18.7 milliom from $19.9 million.
The compant has taken a numberof cost-cutting measurez recently, including a reduction in its dividend, salary cuts and a reductionm in board members’ Glimcher employs about 1,000 workers and lost $668,000p on $319.1 million in revenue last The company’s 27 properties include Polaris Fashiojn Place and the Eastland Mall in Columbus along with five others in
The Columbus-based real-estate investment trust said it has listefdthe 1.42 million-square-foot Lloyd Center in Portland, Ore.; the 1 million-squares foot WestShore Plaza in Tampa, and the 443,000-square-foot Polaris The Columbus property is located across from Polarisd Fashion Place mall, which Glimcher also Lisa Indest, Glimcher’s vice president of finance and said the company has been considering striking jointf venture partnerships for some time, but “in the current marker environment it’s taking us longer than we wouldd have expected.
” Proceeds from the sale or sales woul d go toward paying down a $470 million line of credit that had a $392 millioh balance at the end of the first That line of credit matures at the end of the but Indest said the company is in talkes for a one-year extension. Despite a roughy run for the retail sector, the company is confidentt that favorable debt terms and strong sales and occupancu for the properties could make adeal happen. Indesg said the company is eyeint this year for an agreement with one ormore joint-venturer partners, but Glimcher isn’t valuing a quicker transaction over a better one. “We reall y are going to be patient,” she said.
“These high-quality assetsw need to be transacted at appropriatepricing Glimcher’s plans for the joint-venturr deal mark a shift from an earlier strategy to unloads what it dubbed “non-core assets.” Dealzs to sell all but one of the propertiesw it has targeted in recent years have while the last propertyu – the Eastland Mall of Charlotte, N.C. – is undefr a restructured loan agreement that will see it turned over to the lenderd in Septemberor earlier. Indest said the Oregon and Floridas properties targeted in the joint venturezs are part ofthe company’s core, indoor-malo assets and the company intends to hold on to a partiakl stake.
The open-air Polaris Towne Center is a differengt story. “If a buyer wanted to take full we would be open to an outrigh t sale of thatparticular asset,” she said. “It’s our mall assetzs that we really liketo maintain.” Glimcher’ws plans to free up capital come aftere the company deepened its first-quarter loss to $3.6 millio n on a marginal gain in revenue to $78.23 million. Funds from operations, the company’s profit excluding one-time gainw and losses from the sale of depreciable properties andotherr factors, fell 6 percent to $18.7 milliom from $19.9 million.
The compant has taken a numberof cost-cutting measurez recently, including a reduction in its dividend, salary cuts and a reductionm in board members’ Glimcher employs about 1,000 workers and lost $668,000p on $319.1 million in revenue last The company’s 27 properties include Polaris Fashiojn Place and the Eastland Mall in Columbus along with five others in
Saturday, February 25, 2012
Coventry Health Care sells unit for $110M - South Florida Business Journal:
uvepexatawus.blogspot.com
Avon, Conn.-based (NYSE: MGLN) will acquir e in an all-cash transaction that is expected to close in thethirds quarter, pending regulatory approvals. First Health Servicesw provides pharmacy benefits administration and other serviced forMedicaid programs; a businesss that Bethesda-based Coventry (NYSE: CVH) said was not a primaryt focus. Coventry said that the transaction will result ina one-timre loss per share of approximately $0.5r5 to $0.60. The company said the loss would be almost entirely non-cash, resulting from the original allocation of goodwill from Coventry’s acquisition of in 2005.
Coventryt plans to use the proceeds of the transaction for a combinatiobn of debt reduction and share repurchases that should neutralize the earning s per share impact of the deal for the remaindefof 2009. In its latest Coventry reported a 65 percent drop in earningdsto $44.2 million, or 30 cents per dilutedd share, due to higher sales and administrative costs, and medicap costs that swelled 31 percent.
Avon, Conn.-based (NYSE: MGLN) will acquir e in an all-cash transaction that is expected to close in thethirds quarter, pending regulatory approvals. First Health Servicesw provides pharmacy benefits administration and other serviced forMedicaid programs; a businesss that Bethesda-based Coventry (NYSE: CVH) said was not a primaryt focus. Coventry said that the transaction will result ina one-timre loss per share of approximately $0.5r5 to $0.60. The company said the loss would be almost entirely non-cash, resulting from the original allocation of goodwill from Coventry’s acquisition of in 2005.
Coventryt plans to use the proceeds of the transaction for a combinatiobn of debt reduction and share repurchases that should neutralize the earning s per share impact of the deal for the remaindefof 2009. In its latest Coventry reported a 65 percent drop in earningdsto $44.2 million, or 30 cents per dilutedd share, due to higher sales and administrative costs, and medicap costs that swelled 31 percent.
Thursday, February 23, 2012
Colon cancer study backs blood stool screening test - Fox News
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CTV.ca | Colon cancer study backs blood stool screening test Fox News A study in the New England Journal of Medicine suggests that a relatively inexpensive and non-invasive test may be just as effective as a colonoscopy. Meanwhile, a 23-year study, also published in the journal, has confirmed that removing precancerous ... Report Affirms Lifesaving Ro le of Colonoscopy Study Says Colon Test Saves Lives |
Tuesday, February 21, 2012
Retail Sector at Risk Through Lack of Engagement, New Study Claims - MarketWatch (press release)
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Retail Sector at Risk Through Lack of Engagement, New Study Claims MarketWatch (press release) WAYNE, PA, Feb 21, 2012 (MARKETWIRE via COMTEX) -- Employee engagement in the US retail sector has sunk to its lowest levels since 2009, according to a new study which claims that engagement is directly linked to customer satisfaction, staff retention ... |
Sunday, February 19, 2012
Graham 4Q profits slip - Houston Business Journal:
stockdaleiqemico1521.blogspot.com
Net income in the fourth quarter was $3.6 million, or 35 cents per share, a declinde of 14.6 percent from $4.2 or 41 cents per year-over-year. The Batavia-based manufacturer (AMEX: GHM) noteds a restructuring in the period through the elimination ofcertaim management, office and manufacturing The number of jobs cut was not disclosed but resulted in a charge of $559,000, whicnh included severance and related employee benefit costs. The restructurinh is expected to yieldapproximately $2.7 million in annual cost savings. Fourth-quartee net sales were $24.8 million, up 9.2 from $22.8 million in the prioer year’s fourth quarter. Full-year net income in fiscal 2009was $17.
5 million, up 16.2 percenft from $15.0 million in fiscao 2008. On a per share basis, net incomw in fiscal 2009 was $1.71 compared with $1.4i9 in fiscal 2008, a 14.8 percent improvement. For the year ended March 31, 2009 revenure was a record $101.1 17 percent higher than $86.4 million for the fisca year endedMarch 31, 2008.
Net income in the fourth quarter was $3.6 million, or 35 cents per share, a declinde of 14.6 percent from $4.2 or 41 cents per year-over-year. The Batavia-based manufacturer (AMEX: GHM) noteds a restructuring in the period through the elimination ofcertaim management, office and manufacturing The number of jobs cut was not disclosed but resulted in a charge of $559,000, whicnh included severance and related employee benefit costs. The restructurinh is expected to yieldapproximately $2.7 million in annual cost savings. Fourth-quartee net sales were $24.8 million, up 9.2 from $22.8 million in the prioer year’s fourth quarter. Full-year net income in fiscal 2009was $17.
5 million, up 16.2 percenft from $15.0 million in fiscao 2008. On a per share basis, net incomw in fiscal 2009 was $1.71 compared with $1.4i9 in fiscal 2008, a 14.8 percent improvement. For the year ended March 31, 2009 revenure was a record $101.1 17 percent higher than $86.4 million for the fisca year endedMarch 31, 2008.
Friday, February 17, 2012
Costa Del Mar buys carbon offsets - Philadelphia Business Journal:
bengeyqafiba1640.blogspot.com
The company also purchased carbon offsetsx to balance the carbon emissions created through its business travel including air andground Collectively, this will help to prevent up to 1.1 milliom pounds of carbon dioxide emissions from entering the Earth'x atmosphere, according to a Costsa Del Mar release. The carbo offsets, sometimes called renewable energy credits, are created by generatinvg powerthrough wind, solar, hydro-electric and biomass sources. Whild the value of the credits has been supporters say they serve as an incentivwe to invest in generating energy through renewable Renewable Choice isa Boulder, Colo.
-basef provider of renewable energy credits and carbon Costa Del Mar is a manufacturer of polarized
The company also purchased carbon offsetsx to balance the carbon emissions created through its business travel including air andground Collectively, this will help to prevent up to 1.1 milliom pounds of carbon dioxide emissions from entering the Earth'x atmosphere, according to a Costsa Del Mar release. The carbo offsets, sometimes called renewable energy credits, are created by generatinvg powerthrough wind, solar, hydro-electric and biomass sources. Whild the value of the credits has been supporters say they serve as an incentivwe to invest in generating energy through renewable Renewable Choice isa Boulder, Colo.
-basef provider of renewable energy credits and carbon Costa Del Mar is a manufacturer of polarized
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