ADP reports 532,000 May job cuts - Business First of Louisville:

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Payroll firm ADP reported Wednesday that companiea inthe U.S. cut an estimatedx 532,000 workers from payrolls last month. ADP also revisede higher its estimate of cuts in Aprilto 545,000 from the previousx estimate of 491,000. The ADP report notedd losses across all sizes and categories of businesses with large business payrollsdeclining 100,000, medium businessesz shedding 223,000 jobs and small businesses cutting 209,00o employees. The goods-producing sectorf lost 267,000 jobs while the service-producingb sector declined by 265,000 positions. The Laboer Department is due to release its jobs reporfon Friday.
The average analyst estimatse for that report of government as well as private payrollas is a lossof 520,00 payroll positions and an increase in the unemploymenf rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institute for Supply Management announcex that its factory index rose to the highest level since last Septembetr as new orders posted their first gain since the recession began. On Tuesday the Nationa l Association of Realtors reported that pending salesd ofexisting homes, or contracts signed but not rose 6.7 percent in April, the larges t increase in six years.

Extended Stay Hotels files Chapter 11 - Minneapolis / St. Paul Business Journal:

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The Spartanburg, S.C.-based company filed the reorganizatiob petition in New Yorkbankruptcy court, Secretarg and General Counsel Joseph Teichman writing that Extended Stay had abouyt $7.1 billion in assets and $7.6 billion in liabilitiezs at the end of 2008. Extended Stay, whose more than 680 propertiess are managed byHVM LLC, has eight Centrakl Ohio sites, including those near the Mall at Tuttle Crossing, Polarisa Fashion Place and Easton Town Center. The company billx itself as the largest operatorfof mid-priced extended-stay hotels in the nation.
Teichman in a court filing on Monday wrote that the companh sought protection from creditors amid a general downturn in the hospitalitu industry and a hit take n as fewer potential customers needthe company’s “Since the typical Extended Stay customer seekzs a lengthy stay based on commercial the contraction of construction and new business development began to significantly and adversely affected Extended Stay’s revenue stream,” Teichman wrote. The company said its averagre revenue per room dropper about 23 percent in the first five months of the year comparerd with the same periodof 2008.
As a result, it was unabld to deal with its debt burden with cash flow and is seekinfa “comprehensive restructuring of the entirer capital structure.” Extended Stay said it pland to run operations following the Chapter 11 petitiohn under a lender-approved arrangement using cash Debtor-in-possession financing won’t be the company said. About 9,90o0 employees work in hotelz operated byExtended Stay. The company is in 44 statesz and hasabout 77,000 rooms.

Jefferson County does business with essentially white men only (opinion from ... - al.com (blog)

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Jefferson County does business with essentially white men only (opinion from ... al.com (blog) George Bowman 091611.JPG Jefferson County Commissioner George Bowman: Perception that the county discriminates looks like the reality, too. (The Birmingham News file/Tamika Moore). As we celebrate the 50th Anniversary of the civil rights struggle in ...

AFCEA Announces The 2013 Distinguished Young AFCEAN And Emerging ... - MarketWatch (press release)

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AFCEA Announces The 2013 Distinguished Young AFCEAN And Emerging ... MarketWatch (press release) MSgt Neil Stewart, USAFPEO for Business SystemsMontgomery Chapter. 1Lt Heather Vander Wyst, USAF4th Communications SquadronVandenberg-Central Coast Chapter. Scott VinesLogic NationArkLaTex Chapter. Capt Joseph Watson, USAF83 NOS ... and more »

Would You Spend the Night at an Underwater Hotel? - The Atlantic

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The Atlantic

Would You Spend the Night at an Underwater Hotel? The Atlantic If you chose option b), you should probably not book a stay in The Water Discus, the high-tech lodge its creators are billing as the world's largest underwater hotel. The Water Discus -- which will be located, you will be unsurprised to learn, in Dubai ... As plans are revealed for the first underwater hotel, here are the top 10 most ... The Independent Dubai's first underwater hotel Times of Oman New Dubai Hotel Offers Underwater Luxury Exec Digital  »

Brazil tries to fight cocaine trafficking at huge, porous borders - Washington Post

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Brazil tries to fight cocaine trafficking at huge, porous borders Washington Post GUAJARA-MIRIM, Brazil â€" The jungle frontier between Brazil and Bolivia is longer than the U.S.-Mexico border, but on a recent day the task of stemming the cocaine that counterdrug officials say is flooding the country fell to a handful of Brazilian ... and more »

Now Fund Managers Turn Positive On Equity Markets - Seeking Alpha

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Now Fund Managers Turn Positive On Equity Markets Seeking Alpha The past two years certainly provided investors and fund managers with a sufficient amount of news headlines that could move the equity markets to the downside: The debt ceiling debate in 2011 (now being repeated in 2013), the election, the fiscal ...