Creative Loafing COO Kirk MacDonald heads back to Denver - Denver Business Journal:

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MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-time partnershi p group that included the and until the latter folded last February, according to the Chicago Reader . MacDonald joined Creative Loafing in 2006 after resigninyg as chief executive officer of the Denvefr Newspaper Agency but continued to live in Denver insteaed of relocating toCreative Loafing’s headquarters in In September 2008 he became publisher of the Chicago Readeer , relocating there, around the same time Creativew Loafing filed for protection from its creditor s using Chapter 11 in a Tampaz bankruptcy court.
Creative Loafing’s chief executive officer, Ben Eason, will temporarily take over the role of chiecfoperating officer. The company spent the first part of the year in a bittert battlewith , which it owes $31 million that was used to purchase the Chicago Reader and in the Districtr of Columbia in 2007. Atalaya had sought to gain controll of the alternative weekly newspaper publisher but lost that bid in Marc when a judge in Tampaw sidedwith Eason. Creative Loafing had until Tuesday to file any amendments to its most recent plan of organizatiob filedMay 11.
Among the issues addressed underr thenew plan, a new grou consisting of — which Creative Loafin g owed $10 million to just before the bankruptcgy filing — and Eason will purchase stock in a reorganizec Creative Loafing for $500,000 in cash as well as an in-kinde contribution to lease 14,000 square feet of commercial space in Atlanta for six yeards valued at $196,000 annually that will be used for Creatived Loafing Atlanta Inc.
, according to bankruptcy court After that, $500,000 will be used to pay allowed administrativew claims and priority tax claims, while anothert $1 million will be used for supplemental funding for Creative Loafing’s ongoing Any remaining money will be paid to thosd holding specific claims, including outstanding loans made to the Creative Loafing has publications in Tampa, Atlanta, Chicago, Washington and N.C. It claims a combinesd circulationof 425,000.

Anshu Gupta brings 'clothing for dignity' to India - Christian Science Monitor

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Christian Science Monitor

Anshu Gupta brings 'clothing for dignity' to India Christian Science Monitor The first is that nothing is given away free of charge; Gupta's motto is "clothing for dignity," and he has also put in place a Cloth for Work program across the rural areas where GOONJ has a presence. The second is that nothing goes to waste. If a . .. and more »

Most Traffic Jams Are Caused By Just a Handful of Idiots - Gizmodo

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Most Traffic Jams Are Caused By Just a Handful of Idiots Gizmodo Most Traffic Jams Are Caused By Just a Handful of Idiots Deep in your heart you know it: there are like two drivers out there on the road that are causing all the traffic jams and one of those assholes is the guy right in front of you. Well, new ... and more »

Veteran economic developer joins Harris Beach affiliate - The Business Review (Albany):

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Leveille is now fiscal and community advisorat LLC, in N.Y., an affiliate of the law firm . He startex the new position today. HB Solutions provides consultiny servicesto businesses, governments and nonprofits in the fieldse of economic development, communications, humanm resources, health and human and information technology. Leveiller has more than 30 years experiencde in the private andpublidc sectors. Most recently he served as director of economi development and planning for the town of Bethlehemk and executive director ofthe . He also led the Albanyt Convention Center Authority as chairman from February 2006 toJuly 2008.
Leveill also worked for the city of Albany for more than a including serving as commissioner of development and president ofthe , and founding co-chair of the Capitalizd Albany Executive Committee. Since Leveille has also been the ownere and tournament directorfor , which hostes an adult lacrosse tournament in Lake Placid annually that is one of the largesf in the world.

Quiksilver secures $150M term loan, posts 2Q profit - Phoenix Business Journal:

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The Huntington Beach company (NYSE: ZQK) also postex second-quarter earnings of $2.8 million. The five-year term loan with private-equityg firm Rhone was made toimprove Quiksilver's liquidityt and solidify its banking relationships. As part of the terms of the Quiksilver will name a pair of Rhonew appointees to its boardof directors. Quiksilverd also refinanced its credity facility with anew three-year, $200 million facility led by and . The company is also in discussione with its French banking partners to consolidate its European debtd into anew multi-year facility.
In the company's earnings report, the compant swung to profitability in theseconf quarter, posting the earnings of 2 cents a share, whicbh included several one-time items. Without the items, the earningw per share would have been 5 centsa share. Analys t estimates placed the earnings at 9 centsxa share. Sales dropped 17 coming in at $494.2 million. In the second quarterr a year ago, the company lost $206.3 million, or $1.59 a share, on sales of $596.4 million. That quarter included losses of $244.8 million from discontinued operations. Quiksilverr is an apparel and accessories company. Its core brandws are Quiksilver, Roxy and DC.
A renewesd focus on those core brands are the focus ofthe company'sd long-term plan to improve profits.