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BP Oil Spill Effects to be Felt by Maryland Crab Cake Lovers
Abingdon, MD, July 03, 2010 --(PR.com)-- Tom Kanaras, co-owner of Boxhill Crab Cakes, like other seafood restaurant owners, is watching the seafood industry one day at a time. The industry is being challenged not only by the BP oil spill, but by the hurricane forecasts, restrictive harvesting laws, and warm waters preventing harvesting: each challenge in and of itself potentially damaging. Put them together and you have a perfect storm that could drastically impact the seafood industry and seafood restaurants. U.S. Crabmeat Supply Becoming Limited Mr. Kanaras states, “Supply and demand is affecting our Maryland crab cake restaurant business. There are fewer sources of U.S. crabmeat but consumer demand is still high. Our big challenge will be where we get our winter crabmeat.” Since the Gulf Coast crabmeat supply is more limited than ever and east coast crabmeat is not available during the winter, crabmeat will have to come from other areas – such as foreign suppliers. Even though some consumers are leery of foreign seafood, foreign suppliers may end up being a major source of crabmeat and other seafood. Consumers can expect more foreign seafood being served in restaurants as U.S. suppliers cannot meet the demand. Seafood industry insiders report that a major seafood supplier and restaurant business already uses foreign seafood and has a strategy in place to corner the Indonesian crab meat market that will leverage their Indonesia crab processing facilities. Tom Kanaras believes foreign crabmeat is safe (due to advanced pasteurization processes) and of high quality; especially Indonesian crabmeat. If Kanaras has to use foreign crabmeat, he will gladly inform his customers about the source of the meat. Expect Maryland Crab Cake Prices to Go Up – But Don’t Settle for Less Quality Right now, crabmeat prices are $16-$17/pound, which could climb to $20. Some restaurateurs feel that the quality of the crab cakes will have to suffer because of the higher prices. Tom Kanaras has a different point-of-view: “We will not cut back on the quality of our world-famous crab cakes. Our proprietary recipe has been around too long. We’re doing a lot of praying and crossing our fingers that the prices don’t have to go up but if they do, our customers can always enjoy the same quality that we have delivered for over a quarter of a century.” About Boxhill Crabcakes Boxhill Crabcakes is a family-owned and operated restaurant in Abingdon, Maryland. Customers have been enjoying their world-famous, award-winning crab cakes since their doors opened in 1984. Boxhill Crabcakes can also be ordered online at http://bestmarylandcrabcake.com/maryland_crab_cakes/baltimore_maryland_seafood_restaurant.html American Car Makers Leading the Country out of the Recession Adding Jobs and Building the World's Best Cars WASHINGTON--(BUSINESS WIRE)--American automakers – Chrysler Group LLC, Ford Motor Company and General Motors Company – outperformed import automakers in J.D. Power’s 2010 Initial Quality Survey. GM, Ford and Chrysler’s consistent focus on building the highest quality product is paying off. Over the last 10 years, the companies’ initial quality has improved over 50%. “Our companies’ quality performance has consistently improved throughout the last decade and this is one more piece of evidence that shows we make the world’s best cars,” American Automotive Policy Council President Stephen Collins said. “With auto production and jobs now ramping up, Chrysler, Ford and GM are a leading force in pulling the country out of the recession” Equally encouraging, the auto industry created over 29,000 jobs so far this year. Last month alone, the industry added nearly one-quarter of total private sector jobs created in the United States. “With auto production and jobs now ramping up, Chrysler, Ford and GM are a leading force in pulling the country out of the recession,” AAPC President Collins said. The American Automotive Policy Council, Inc. (AAPC) is a Washington, D.C. association that represents the common public policy interests of its member companies Chrysler Group LLC, Ford Motor Company and General Motors Company. Investigation of Kenneth Wayne McLeod and the Federal Employee Benefits Group (FEBG) The Jacksonville Division of the FBI initiated an investigation of the Federal Employee Benefits Group (FEBG) and its founder, Kenneth Wayne McLeod (now deceased). FEBG was a Jacksonville-based company that offered investment services to a variety of clients and catered primarily to federal employees and retirees. Clients of FEBG should be aware that not all of the firm’s investments are at risk. However, individuals who invested in the “FEBG Bond Fund” or “FEBG Special Fund” may be victims of investment fraud and are welcome to contact the FBI. Identified victims will be contacted by the FBI via letter, advising them of relevant facts and of their rights as victims. Victims and other individuals with knowledge of FEBG are encouraged to call the FBI’s Jacksonville Field Office at (904) 248-7000 or to contact us via e-mail at Jacksonville@ic.fbi.gov and include “FEBG” in the e-mail subject line. When making contact, please be prepared to provide the following: 1. Your full name, address, and contact information; Volcker's Call for Adequate Capital Behind Derivatives To be Debated at Golden Networking's Derivatives Leaders Forum 2010 on July 22nd Golden Networking Hosting Leaders and Experts in the Over-the-counter and Exchange-Traded Derivatives Worlds at Derivatives Leaders Forum 2010, July 22nd, New York; Early Bird Registration at http://www.DerivativesLeadersForum.com to Expire on June 17th. New York, NY, June 20, 2010 --(PR.com)-- The United States government should not stand behind banks that mix their trading with their banking activities, former Fed Chairman Paul Volcker told CNBC Monday. "If you don't have this rule [known as the Volcker rule or Volcker plan], what stops any financial institution from buying a bank, saying I'm a bank and getting a banking license, mixing up their trading activities with their banking activities," said Volcker, as he discussed financial reform, now being debated in Congress, including derivatives. Volcker is chairman of the Economic Recovery Advisory Board, under Obama. The Volcker rule, Paul Volcker's idea to restrict banks from making certain types of speculative investments, such as trading derivatives, if those investments aren't in their customers' interests, will be a hotly debated topic at Golden Networking's Derivatives Leaders Forum 2010, "Strategies for Increasing Profits under an Evolving Regulatory Framework." (http://www.DerivativesLeadersForum.com), July 22nd, 2010, New York City. Golden Networking's Derivatives Leaders Forum 2010 will provide attendees with answers to questions on how to successfully navigate the new regulatory landscape for over-the-counter and exchange-traded derivatives, devise profit-increasing strategies to enhance the performance of trading desks and anticipate developments in the industry. Derivatives Leaders Forum 2010 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for financial services and real estate business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders Forums, including: - Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com - Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com - High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com - Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com - High-Frequency Trading Experts Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com In addition to the upcoming Derivatives Leaders Forum 2010, Golden Networking has assembled an impressive program for Fall 2010, that includes: · Distressed Investing Experts Forum 2010, "Analyzing and Valuing Distressed Companies, Securities and Real Estate" (http://www.DistressedInvestingExpertsForum.com), September 23rd, New York City · 2nd China Leaders Forum, "Challenges and Opportunities for China's Economic Juggernaut" (http://www.ChinaLeadersForum.com), October 7th, New York City · Latin America Leaders Forum 2010, "Unlikely Oasis of Growth amid the Global Economic Crisis?" (http://www.LatinAmericaLeadersForum.com), October 21st, New York City · 2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change" (http://www.BankingLeadersForum.com), November 11th, New York City · 2nd Private Equity Leaders Forum, "Setting the Stage for Radical Transformation in 2011 and Beyond" (http://www.PrivateEquityLeadersForum.com), December 9th, New York City ITT Receives $53 Million Order from the United Kingdom for Night Vision Goggles ROANOKE, Va.--(BUSINESS WIRE)--ITT Corporation (NYSE:ITT) has received a $53 million order from the United Kingdom Ministry of Defence (MoD) for head-mounted night vision systems (HMNVS) that provide ground-based soldiers with superior performance during nighttime operations. To date, this is ITT’s largest order from the United Kingdom for night vision systems. The deliveries of the HMNVS will take place over the customer’s next five fiscal years. “This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology” “This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology,” said Bruce A. Wald, vice president and general manager of ITT’s Night Vision & Imaging business. “Our Generation 3 solution is the first night vision technology choice of our international allies to operate in challenging environments.” ITT has supported the UK MoD’s HMNVS program since 2003 by providing these battle-ready systems. In addition to the new systems produced at ITT’s facility in Roanoke, Virginia, ITT Defence Ltd. in Basingstoke, U.K. has also provided in-country, logistics support to the growing fleet of HMNVS since 2005. They have converted nearly 2,000 HMNVS from dual-battery to single-battery configuration and provide expedited repair to any systems requiring maintenance before, during or after deployment. In addition to the faster repairs, ITT has increased its manufacturing capacity to meet the requirements of the international market. The expanded capacity has enabled ITT to deliver night vision technology to U.S. allies and coalition forces within 120 days after receiving an approved export license from the U.S. Department of State. The HMNVS is the MoD’s variant of the AN/PVS-14, the ITT supplied night vision goggles that are commonly used by the U.S. military and homeland security agencies. The AN/PVS-14 is a lightweight, single-battery monocular goggle equipped with ITT’s Generation (Gen) 3 night vision technology, the most advanced night vision in the field today. ITT’s Gen 3 goggles provide the clearest, sharpest image available for soldiers performing nighttime operations, giving them the advantage on the battlefield. ITT Gen 3 goggles last in excess of 10,000 hours, compared to the Gen 2 tubes that last approximately 2,000 to 4,000 hours. About ITT Geospatial Systems ITT Geospatial Systems (www.geospatial.itt.com) headquartered in Rochester, N.Y., is a global supplier of innovative night vision, remote sensing and navigation solutions that provide sight and situational awareness at the space, airborne, ground and soldier levels. ITT Geospatial Systems solutions range from image, and data capture through processing and dissemination. Key applications include image intensification and thermal imaging; advanced power supplies; multi-spectral image systems; weather and climate monitoring; space science; intelligence, surveillance and reconnaissance; GPS-based positioning, navigation and timing systems; and image exploitation software. Using our technologies, customers can move beyond mere image acquisition to image interchange and true knowledge sharing. About ITT Corporation ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com Hulk Hogan Teams Up with 1-800-LoanMart
LOS ANGELES--(BUSINESS WIRE)--1-800-LoanMart is proud to announce Terry Bollea, twelve-time world heavyweight champion better known by his ring name “Hulk Hogan”, will be the new face of 1-800-LoanMart. Starting early July, Hogan will be featured in a variety of television and radio advertising commercials promoting the direct financer title loan company, 1-800-LoanMart, with special appearances by Jimmy “Mouth of the South” Hart. Currently signed to Total Nonstop Action Wrestling (TNA), Hogan had maintained mainstream popularity from the mid 80s through today as the all-American, working-class hero character Hulk Hogan in the World Wrestling Federation (WWF—now World Wrestling Entertainment). Darren Prince, CEO of Prince Marketing Group, Hulk Hogan’s longtime marketing agent, negotiated the deal. “Hulk Hogan is one of the biggest names to ever come out of professional wrestling and is nothing short of a global icon. After how incredibly well the filming of the commercials went, I expect the campaign to be a huge success and to run nationwide in the upcoming months.” “I am very excited for the partnership with Hulk Hogan and 1-800-LoanMart. Hogan is an amazing athlete and an extremely positive individual. His larger-than-life persona brings a depth of character and experience that is unrivaled.” commented Colby Estes, of 1-800-LoanMart. “Hulk Hogan is one of the biggest names to ever come out of professional wrestling and is nothing short of a global icon. After how incredibly well the filming of the commercials went, I expect the campaign to be a huge success and to run nationwide in the upcoming months.” 1-800LoanMart is a direct financer title loan company that enables car owners to achieve their financial objectives by supplying them with a car loan through financing methods that are secured by the value of the car, and not by the customer’s credit. 1-800-Loan Mart is licensed by the California Department of Corporations and a member of the Better Business Bureau. Rio Media Inc. is the agency of record for 1-800-LoanMart. If you would like more information on this article, please call Tommy Iorio at 818-605-0945 or email tommy@riomediainc.com. Contacts Rio Media Inc. Hearst makes iCrossing purchase
New York 2010-06-10 21:22:58 (GMT) – The Hearst Corporation has acquired Internet marketing company iCrossing. As reported by AFP, the media conglomerate reached a deal last week for what has been stated to be in the $325 to $400 million range for the purchase of iCrossing. Hearst CEO Frank Bennack is quoted by AFP as stating of the deal to the Wall Street Journal, “This move today is further diversification of our lines of business… We know that our marketing partners will welcome this, and already ask us on occasion for services we haven’t been able to deliver.” As noted in the report, Hearst, one of the largest media companies in the nation, had purportedly been seeking to acquire iCrossing for months. Hearst owns several newspaper and magazine publications, television stations, cable networks, and other interests.
Check your local fuel prices. 
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Maryland crab cake businesses will not escape the impact of the BP oil disaster, which will trickle down to the consumer.
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