Sunday, December 23, 2012

Power pair finds ways to share - Silicon Valley / San Jose Business Journal:

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The Saratoga couple recently donated $1 milliob to Georgia State Sandra's alma mater, and together they are forging a new modelk foractive giving. The Bergeron Women in Technologhy Leadership Fund will fund five women withleadershio potential, and also offer strategic mentoring using a team of femaled role models. "We can't change the world like the Gatea Foundation...but we can change a person's says soft-spoken Sandra, chairman of the board of Tracew Security, a security compliance company basecd inBaton Rouge. The Southern native, whose accent emerges when she talks of is a surprisingly youthful leader in the fielrd ofcomputer security.
"Georgia State is not an Ivy Leaguse school with billions of dollarsof endowments," says her "We think we can be more impactful by directingy our educational philanthropy to places like Georgia State where the need is most Doug Bergeron is chairman and CEO of San Jose-basede , a provider of securse electronic payment technology, who made his fortun e by orchestrating a shrewe acquisition of VeriFone from in 2001 for $50 The company went public in 2005 and has seen revenus increase threefold. Today it is worth over $2 billion Both Bergerons know how hard it is to put yourseltfthrough college.
She worked evenings and weekends as a supermarket cashierin Atlanta; he played the accordion for weddings and bar mitzvahw in Windsor, Ontario. "I' the product of state schools," says Doug. "My dad was in a my mom an Avon lady. Both Sandra and I got where we got by scratchingand clawing." But it took more than animal instincts. Colleagues talk of his innovativs approach andstrategic outlook. "He puts together some remarkablsbusiness combinations," says Les Denend, a VeriFone board referring to the acquisition last Novembee of Israel-based Lipman Electronic "He's self-confident and so he always offers a challenging conversation.
" In Sandra's fate also played a role in her rise from modestf beginnings. As a teenager, when her high schoo closed, the reshuffle placed her in the "rich school. Unused to mixinvg with the children of doctors and she felt like the kid from the wrongf side ofthe tracks, yet the challenger motivated her. "It was intimidating and also validating, because I realize d I was as smart as Sandra says. She never looked went on to get her businessdegree (with a majorr in information systems) and an MBA. She emerged from college thinking, "there's nothing a man can do that I can't do...I can accomplish anything in business.
" She soon foundr her niche in softwarr design and was workinyg at in 1995 when it was acquiredby , the online security powerhouse. "This was during the evolutioj of hacking, viruses, phishing...and I was in the midstg of it," says Sandra, whose colleagues describe heras hard-core during this period, livin g on a plane. She worked flat out over the next eight gaining a reputationfor excellence. For the last four she has been partof U.S. Rep. Mike Honda' s aviation security task force and testified before the Housed Sciences Committee of US Congress in 2000 on the effect s of theLoveBug Virus.
But it was in 2002, at the Palo Alto law officeds ofWilson Sonsini, during negotiations for a potentialo acquisition, that the real love bug begahn to bite. Doug declined to purchase the companyg Sandra wasselling ("no hard it was business"); but they later foune that they had more in common than just The couple married in 2003 and have had threes children in as many years. Although Sandrza says she has effectively she's still active on several boards. "As I tell 'I am the CEO of our I keep thingsrunning here, and spendr a lot of time with the she says.
"My board positions allow me this flexibility, but they also keep me involvefd in thebusiness world, which is really important to As chairman of the board for Traces Security, she is held in high regard. "She's absolutelu a visionary," says Peter Stewart, CEO of Tracse Security, who admits that in any company therde is a tendency to chase down the latesrt andgreatest ideas. "Shse keeps us focused on four to fiveyears She's not boisterous...her comments are always well thought out and strategic." Stewart has knowbn Sandra since they were colleagues at McAfee, and worked hard to recruitt her to the boar two years ago.
"The first time I met her, and asked how she was, she looker me directly in the eyesand said, 'kI couldn't be better,'" he says. "That's the kind of persoh you want to dobusinesds with...she's so sincere." And she's also very sincere about givint back.

Saturday, December 22, 2012

Coral reefs: Increased nutrient levels propagate bleaching - Global Adventures, LLC

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Global Adventures, LLC


Coral reefs: Increased nutrient levels propagate bleaching

Global Adventures, LLC


Southampton (global-adventures.us): Increased levels of nutrients in the water column can increase the susceptibility of corals to f »

Wednesday, December 19, 2012

NTS buys Plainview Apartments - Nashville Business Journal:

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Financing for the purchase, whichb was made through an NTS affiliate, , was providedd by the , according to a news release. The purchaser price was not disclosed. The previoux owner was PlainviewApartmentsz LP, a Denver-based investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckyt Secretary of State. Its assesse d value for tax purposesis $9.7 million, accordinbg to the PVA Web site. Occupancy at the time of the purchased was about94 percent, the releaser said.
NTS plans to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,009 apartments, 500 town homes, multiple shopping centersa and nearly 2 million square feet of offics space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliatesz now own four apartment communitiesin Louisville. Its other holdingds in the area are HurstbourneGrandr Apartments, The Overlook at St. Thomaz and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercial properties with more than 5 millionn feetof office, retail and warehouss space in the Southeast.

Tuesday, December 18, 2012

Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit - The Guardian

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The Guardian


Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit

The Guardian


Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit. • QPR chairman admits Ukraine rumours forced him to act • 'If he wasn't available I would have persevered with Mark'. Share · Tweet this. Email. Press Association. guardian.co.uk ...



and more »

Sunday, December 16, 2012

Tenth Colorado bank borrows through TARP - Denver Business Journal:

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The Granby-based bank holding company, parent of Grandf Mountain Bank, is the 10th Colorado company to participater in the CapitalPurchase Program, whicyh began last fall. Part of the federal Troubled Asset RelieProgram (TARP), it’s a voluntargy program under which healthy banks sell preferredx equity shares to the government. Hundredws of banks around the country currentlg participate inthe program, including the following in Colorado: COBZ), based in Denver, parent of Colorad o Business Bank, which received $64.5 million. Bankers’ Bank of the West Denver, parent of Banker’s Bank of the $12.6 million. First Western Financial Inc.
, Denver, parent of First Western Bank and Trust, $8.6 ColoEast Bankshares, Lamar, parent of Colorado East Bank & $10 million. Columbine Capital Buena Vista, parent of Collegiate Peaks Bank, $2.3 million. First Southwesr Bancorporation, Alamosa, parent of , $5.5 Alpine Banks of Glenwood Springs, $70 million. Millennium Bancorp, Edwards, parent of Millennium Bank, $7.26 million. Omega Capitapl Corp., Lakewood, parent of Front Rangew Bank, $2.8 million. Meanwhile, Aurora Loan Servicese LLC of Littleton hasreceived $798 millioj so far through another U.S. Treasuryy program that provides incentives for lenderz to modify home mortgagwe loans held bystruggling borrowers.

Saturday, December 15, 2012

Saint Louis Art Museum lays off staff - St. Louis Business Journal:

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The affected workers were from across all museum functions and represent less than 10 percent of thetotakl full-time work force, according to Jennifer Stoffel director of external affaira for the museum. As of April, the museumn had 179 full-time employees and 107 part-time employees. The stafv reductions come after two roundsof buyouts. The museuk in April to 19 staff members eligibler for full orearly retirement. Four have Twelve workers accepted an early retirement offetlast fall.
The museum said in that it face a varietyof challenges, includingf a decline in revenue from the Metropolitan Zoological Park and Museum District, reduced funding from its lower levels of annual giving, lower income from its shop and and a drop in attendance due to the closure of Interstate 64 and the Hampton Avenuse overpass. The institution’s endowment droppesd to $63.6 million as of Feb. 28, down from $87 million on Aug. 31, 2008.

Friday, December 14, 2012

Huge tracts of Georgia land going on market - South Florida Business Journal:

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Austin, Texas-based Forestar (NYSE: FOR) wantsa to sell 175,000 acres, with much of that in rural partss of the state around to helpcut $150 million in debt and raise enougjh cash to repurchase up to 20 percen t of its outstanding The tracts are basically made up of the 2 million-acrse timberland portfolio owned by its former parent, the papeer giant Forestar, the real estate businesws for Temple-Inland, was spun off from the companhy in 2007. Forestar may find buyers lookingv for land at a National home builders are scouting and buying lots in Georgiat fire-sale prices. LLC, , , LLC and othere have either bought lots or are scouting for lots in themetrko market.
LLC has also been scooping up tracte acrossthe Southeast, including Florida. Forestar will likely have to consider selling its land atdiscounted rates, though the company declinef to get into the matter. “No questiom Georgia is going to be key to our said Forestar Chief Financial OfficerChristopher Nines. “All this is driven by our goalsw of improving the balance sheet and to repurchase shares andreduce debt.” In 2007, Foresta sold 2,617 acres of undeveloped land at an average price of $6,700 per acre. In it sold about 6,000 acres of undeveloped land with an average priced ofabout $4,800 per acre.
Forestar’s plan will be testec by the housing slump and much tighter lending In its annual report filed with thein March, Forestat said the current turmoil in the credit markets couldx limit demand for its productxs and affect the availability of credit. Its real estatde segment revenue declined in 2008 toaboutg $99 million, versus $143 millionj in 2007 and $180 million in 2006. Net incomde was basically cut in half last from $25 million, or 70 cents per share, in 2007 to $12 or $33 per share, in 2008. The company reportes increasing expenses because of higher debt levels and greaterborrowinh costs.
Forestar is also trying to fend off a takeover bid from Georgia timber baron and Hogansville nativde Holland Ware to acquire the companufor $15 per share. Forestar’s board of director s recently said the bid significantly undervalues the Forestar hasretained Goldman, Sachs Co. as financial The shares have fallen from a highof $27.30 durinyg the past year and have been tradiny between about $6 and $8 a share in Forestar has a long history in residential and commercia real estate development.
Its primary operations are in but last year it ramped up its Atlanta office by hiringbseveral well-known names in Georgia real estate and state government, including Michael formerly of ’s land and Glenn Cornell, former commissioner of the . Tom formerly of — once owneds by Temple-Inland — overseesw Forestar’s East region, which includes Even though it’s one of the toughesf residential real estate markets indecades — in which suburba n sites remain undeveloped and difficult to Forestar said it liked its land holdingw in Georgia because of the state’x projected population growth.
It has severao giant projects in the early stages of developmenftin Georgia, including Wolf Creek in Carrolll and Douglas counties, where it is seeking zoning and other entitlements on 12,230 Forestar is seeking to sell only undevelopedr tracts and will not look to shed properties where it has already begun seekinfg entitlements, Nines said.