Assisted living sites face legal challenges Sunwest Management CEO …

In a last-ditch effort to save his company, Sunwest Management CEO Jon Harder placed himself and 14 individual assisted living centers — including Alpine Court in Eugene — into Chapter 11 bankruptcy.
In legal maneuvering that unfolded in the waning days of 2008, Harder sought an injunction to stop nine big investment banks from seizing the most profitable of the company’s nearly 270 assisted living centers across the country.
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December 31, 2008 | , , , , , , ,
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Los Angeles-area small-business lender receives cash infusion

The Merrill Lynch funds are meant for microloans of $5,000 to $50,000, he said. Half the $1 million has already been tapped for loans. Merrill Lynch also gave the center a $50,000 grant to create a streamlined, computer-based loan approval process it hopes other microlenders can copy. The money will also pay for a new loan officer in the center's downtown L.A. office.
In addition to running its own loan funds, which are often set up by banks or Read the rest of this entry »

December 22, 2008 | , , , , , , ,
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Online court records a lucrative business

FAIRHOPE, Ala. — Today marks the end of the non-bid contract between the Alabama Administrative Office of Courts and the Mobile-based company that provides technical support for electronic access to public court records in Alabama.
“We are currently negotiating a renewal contract with (On Line Information Services Inc.),” said Griffin Sikes Jr., AOC’s legal division director in Montgomery. “They are a private contractor which, working Read the rest of this entry »

December 19, 2008 | , , , ,
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Arizona may run out of money in February

Arizona could run out of money to pay its bills as early as next month, state Treasurer Dean Martin says.
And unlike last spring, when the treasurer issued a similar alarm, this time there won't be reserves to cover the bills. Martin says the state will be forced to borrow money in the short term - the first time since World War II - and adds that there is little that lawmakers can do to avert it.
"No matter what they do with the budget, we'll Read the rest of this entry »

December 19, 2008 | , ,
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Eaton Revises 4Q Earnings Guidance

-- Diversified industrial manufacturer Eaton Corp. has announced revised
earnings guidance for the fourth quarter, reflecting the impact of the
global economic crisis on its end markets.
"We have experienced recent, dramatic deceleration in global demand in
our Automotive, Truck and Hydraulics segments," said Alexander M.
Cutler, Eaton chairman and chief executive officer. "The weakness in
these segments has been accentuated by customer decisions Read the rest of this entry »

December 16, 2008 | , , ,
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Pimco Delays Dividend Payment on Two Closed-End Funds

By Adam L. Cataldo
Dec. 31 (Bloomberg) -- Pacific Investment Management Co.,
which runs the world’s largest bond fund, said it is postponing
two dividend payments to investors in a pair of closed-end
municipal bond funds.
Proceeds from the Pimco Municipal Income Fund and the Pimco
New York Municipal Income Fund II were due today and on Feb. 2,
Newport Beach, California-based Pimco said in a statement.
“The funds intend to resume paying and Read the rest of this entry »

December 14, 2008 | , , , , ,
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Strategists See 17% S&P 500 Rise After Saying ‘Buy’

Jan. 5 (Bloomberg) -- The same Wall Street strategists who
told investors to buy stocks in the
since 1937 are
even more bullish than a year ago, predicting the Standard &
Poor’s 500 Index will rise 17 percent.
UBS AG, JPMorgan Chase & Co. and Deutsche Bank AG say the
Federal Reserve’s decision to cut interest rates to as low as
zero percent will help revive the U.S. economy and drive
investors back to equities. Cheaper fuel prices and more Read the rest of this entry »

December 12, 2008 | , , ,
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NetSuite Ecommerce Merchants Experience Record Growth in Business …

NetSuite is the only Software as a Service (SaaS) application that integrates Ecommerce, enterprise resource planning (ERP) and customer relationship management (CRM) capabilities all in one system. NetSuite Ecommerce offers businesses a wealth of capabilities in a single application -- something no other software vendors have been able to match. These powerful features include site building, lead generating, inventory management, Web site, Web store, Read the rest of this entry »

December 10, 2008 | , , , , , ,
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A marketplace in the middle

The cash-strapped operator of Faneuil Hall Marketplace has put its rights to run the popular outdoor mall up for sale as it battles to shore up its finances and avoid declaring bankruptcy.
, the second-largest US mall operator, is offering to sell the rights to operate Faneuil Hall, as well as two other well-known East Coast tourist destinations, South Street Seaport in Manhattan and Harborplace & the Gallery on Baltimore's Inner Harbor.
General Read the rest of this entry »

December 9, 2008 | ,
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For-profit post-secondary schools on the rise in Madison area

In the Madison area, a branch of ITT Technical Institute opened earlier this year and Woodbury, Minn.-based Globe University is planning to open a Middleton location next year.
All three of those schools, like many career colleges, are for profit.
"It's a global phenomenon and it has made its way to Wisconsin," said Noel Radomski, director of the Wisconsin Center for Advancement of Post-Secondary Education. "Partly, they can find niche degree Read the rest of this entry »

December 7, 2008 | , , , , , ,
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