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Hornblower, the company that operates the NYC Ferry system, has filed for bankruptcy due to the financial impact of Covid-19 on its overnight cruise line, American Queen Voyages. Private equity firm Strategic Value Partners (SVP) plans to acquire majority ownership of Hornblower and inject new capital into the company. The bankruptcy is not expected to affect the NYC Ferry service, and the city's Economic Development Corp. is confident that ferry operations will continue without disruption. The restructuring deal will reduce Hornblower's total debt by $720 million. [Extracted from the article]

Today Lescott-Martinez is the gatekeeper of the agency's $4 billion budget and $1 billion investment portfolio. Keywords: 40 UNDER 40; 40 UNDER FORTY; FORTY UNDER 40; FORTY UNDER FORTY EN 40 UNDER 40 40 UNDER FORTY FORTY UNDER 40 FORTY UNDER FORTY 24 24 1 11/14/22 20221107 NES 221107 Annika Lescott-Martinez, 34 Chief financial officer and executive vice president, New York City Housing Authority Annika Lescott-Martinez says her passion for housing policy started during an internship at the Local Initiatives Support Corp., which champions affordable housing. 40 UNDER 40, 40 UNDER FORTY, FORTY UNDER 40, FORTY UNDER FORTY. [Extracted from the article]

The article discusses the issues related to the bankruptcy of Hawaii Medical Center. The two-hospital Honolulu system quickly sought bankruptcy protection on August 29, 2008 after failing to negotiate an extension on $5.5 million in debt. Unable to find alternative financing in a tight credit market, Hawaii Medical Center's executives decided to file for bankruptcy protection. Hawaii Medical Center is one of four hospitals in the U.S. that sought bankruptcy protection or moved to liquidate since August 19, 2008.

Presents the result of a survey conducted by the "Modern Healthcare" journal on the financial performance and membership of group purchasing organizations (GPO) in the U.S. Growth of the GPO industry in the country; Statistics on the financial performance of GPOs in the country; Increase in the number of GPO hospital members in 2004; Factors impacting the financial performance of GPOs in the country.

Reports on the financial condition of post-acute-care providers in the United States in 2000. Growth in revenue; Revenue gained by HealthSouth Corp.; Condition of the home health prospective payment system; Revenue of assisted living providers.

Reports on Standard & Poor's lowering of its ratings for News Corp. Corporate credit rating; Concerns on Rupert Murdoch's expenditures in the advertising market; Doubts on company's ability to complete strategic transactions without jeopardizing its plans and operations.

The article reports that companies like The New York Times, Zagat Survey, Food & Wine and USA Today have started wine clubs. They are selling cases of Bordeaux and Chardonnay to their customers, using third-party vendors to fulfill the orders. It is stated that the publishing industry took the move as they are facing dwindling advertising revenues.

Antonelli has degrees in accounting and business law from Ohio University and is an active CPA. ANTHONY ANTONELLI Vice president of finance Tiger Pistol Anthony Antonelli has worked in a number of different facets of public and private accounting - in roles that involved financial planning and analysis, audit, tax, compliance and consulting. Antonelli's career has wound its way through Skoda Minotti and the Scott Fetzer Co. before he joined Tiger Pistol, an SaaS company in digital advertising. [Extracted from the article]

The article reports on the journal's Tech 25 which recognizes technology companies that received funding from various investors and three of them have earned spots for Series A or B funding in the U.S.

The article reports that the total amount of advertising spending by the 100 leading U.S. advertisers fell 2.7 percent in 2008, according to the publication's annual survey. It was only the fourth such decline in 52 years. Fifty of the 100 advertisers actually increased spending, led by Wal-Mart Stores Inc., which increased spending 16 percent. A larger decline is forecast for 2009.

A list of the top 200 private companies, ranked on the basis of their revenue in 2005, is presented. The number one private company is Penske Corp. with a revenue of $16,600. This company is followed by Guardian Industries Corp., Questor Partners Holdings/AlixPartners Holdings, Flint Group Inc. and Metaldyne Corp. Data is given for revenue of companies in 2004 and 2005, percentage change in the revenue, employees in Detroit, Michigan, and number of employees worldwide.

A chart is presented that shows the financial performance of the top 100 media companies in the U.S.

This article presents information on several business executives. Katherine R. Maehr, director of development at Greater Chicago Food Depository spearheaded a $30-million capital campaign that built a sparkling South Side facility for Chicago's largest food bank, expanding yearly distribution capacity to 80 million pounds from 42 million. Fund-raising, expected to conclude by yearend, consisted mostly of large donations, but Maehr knows deep-pocketed donors see the charitable landscape as a hierarchy. The biggest gifts go to museums, opera companies or universities. Human services agencies like food banks get the scraps. Martha Dustin Boudos, chief financial officer at Morningstar Inc., is shepherding her company's $100-million initial public offering through a bearish IPO market. Success could buff up Morningstar Inc.'s shine among the nation's investment research and analysis firms, and it would secure Ms. Boudos' position as a potential chief executive.

Focuses on plan of U.S. healthcare providers to access the capital market as of December 2003. Efforts of healthcare provides to attract some of venture capital funds; Initial public offering registration of Symbion, an ambulatory surgery center operator, with the U.S. Securities and Exchange Commission; Information on the acquisition of HPSC, a Boston, Massachusetts-based investing firm, by GE Healthcare Financial services, the healthcare financing arm of General Electric Co.; Amount of money that Alteer Corp., an Irvine, California-based vendor of electronic medical records, received for a funding scheme in October 2002.

The article presents a list of largest privately held companies in Chicago, Illinois, as of April 21, 2003. Revenues were up in 2002 for 169, or more than half, of the largest privately held companies. Dukane Corp. posted the largest drop in revenues in 2002, 56.8 Employco Group Ltd. is the largest local employer on the list, with 4,622 employees in the Chicago area.

States that WPP Group earned the title of world's largest advertising organization with $8.17 billion in 2001 gross income in comparison to Interpublic's $7.98 billion, according to the 'Advertising Age' 58th annual Agency Report. Discussion of how agencies averted a disastrous year in the United States by cutting costs; Data on gross income for several agencies. INSET: Methodology.

This article focuses on the growing concern in the advertising business and the venture capital business over venture capitalists' inability to advise Internet companies about marketing. Internet companies are spewing out multimillion-dollar campaigns even before they get a Web site up and running on the theory that the biggest, loudest campaign will win the most customers. One reason for all the noise is it is a lot easier to get funding than it used to be. There is a lot of evidence that young dot-com companies are taking risks with their marketing dollars. They are hiring agencies and making buys even before they get funding. Media executives say business development people at Internet companies are buying print and radio advertising at prices well above the rate card--simply because they do not know how the business works.

This article discusses how rivals Procter & Gamble Co. (P&G) and Unilever share the problems of slow sales and decreasing market share in the U.S. as of May 1999. In a report last year from PaineWebber covering market share across a wide spectrum of household and personal care categories totaling more than $38 billion annual in retail sales, the dollar share of P&G declined 2.4% to 26.6%. Unilever's share was down 0.8% to 8.2%. Instead of dominating the package-goods business, the two biggest players have each shed roughly 10% of their market share in the past five years, while rivals such as Bristol-Myers Squibb Co., Clorox Co., Colgate-Palmolive Co., S. C. Johnson, L'Oreal and Revlon gained ground. Although taking different paths, both companies are trying to fix their marketing processes and solve long-simmering problems with advertising agencies. Among the solutions: A swifter, more accurate product development process and a more holistic, less TV-centric media approach that forces both marketer and agency to respond to the realities of an evolving retail environment. INSETS: Rivals step up pace of product launches;P&G cuts layers to speed ad process.

This section presents charts on the performance of various U.S. advertising agencies according to the 55th annual Advertising Age Agency Report, including the top U.S. agency brands by U.S. gross income.

The article focuses on Flagstar Bancorp Inc., a retrenched U.S. bank that is putting legacy issues behind. The company suffered downsizing between 2009 and 2013 and is about half the size of its peak in terms of assets, 9.1 billion U.S. dollars as of February 2-14 compared to a peak of 17 billion U.S. dollars in 2007. As of 2013, the bank's net income is 261.2 million U.S. dollars or 4.37 U.S. dollars a share on revenue of 983 million U.S. dollars. INSET: Former Flagstar execs find other pursuits.

The article features Create Group NYC, which offers on-demand, flat-fee advertising services for pharmaceutical brands and is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the leadership of its founder and president Natalie McDonald.

The article features construction management firm Omnibuild, which is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the leadership of chief operating officer John Mingione.

The article features travel agency Regal Wings, which is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the leadership of founder and chief executive officer (CEO) Eli Ostreicher.

The article features software company and creator of advertisements for smartphones Kargo, which is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the leadership of Harry Kargman.

The article features software company Contently in SoHo, which is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the management of its three founders including chief technology officer (CTO) Dave Goldberg.

The article features small business loan provider OnDeck Capital, which is included in the periodical's 2016 Fast 50 list of fastest-growing companies in the New York area. Topics include the company's revenue in 2012 and 2015, profitability and growth rate, and how it started and grew under the leadership of its chief executive officer (CEO) Noah Breslow.

The article reports that 5.5 million dollars was raised by two-year old startup Flatiron School, that teaches novices how to code to fill a gap in computer-science education, in its first funding round, and technology recruiting services Hired also announced the opening of its business in New York. The new financing will be used by Flatiron for improvement of teacher training and teaching methods as well as to maintain its nearly 100 percent success rate in placing its graduates in jobs.

The article reports that improving U.S. economy has restructuring firms dealing with own downsizing. The 40 percent decline in corporate bankruptcy filings between 2010 and 2013 is highlighted. Ultra-low interest rates is cited as the major factor affecting restructuring activity which is down 70 percent as of November 2013.

The article reports that some of the proceeds from the initial public offering of the Empire State Realty Trust in October 2013 will benefit the Leona M. and Harry B. Helmsley Charitable Trust which will receive about 600 million U.S. dollars. The trust funds several projects including finding a cure for diabetes, preservation of the Galapagos Islands and standardization of educational curriculums. Its importance as a player in health, education and human services is highlighted.

The article presents information on James Skinner, chief executive officer (CEO) of McDonald's Corp., who in his four year tenure has given new dimension to the company's business. He has overseen three years of unprecedented sales growth and launched the biggest menu expansion in 30 years, rolling out fancy coffees and bottled drinks in a challenge to both Starbucks and 7-Eleven. It seems that the decisions he makes over the next year will leave a lasting imprint on the fast-food chain.

U.K. GOVERNMENT GIVES WPP ACCESS TO HUNDREDS OF MILLIONS IN COVID-CRISIS BORROWING: Holding company was approved for £600 million ($747 million) under the COVID Corporate Financing Facility WPP received access to £600 million ($747 million) in credit under the U.K. government's COVID Corporate Financing Facility (CCFF), Ad Age has learned. WPP CEO Mark Read recently told U.K. newspaper The Telegraph that the holding company had applied for the CCFF borrowing program from the Treasury and Bank of England. [Extracted from the article]

A list of public companies, ranked on the basis of their total revenue in 2005, in Michigan is presented. The number one in the list is General Motors Corp. This company is followed by Ford Motor Co., Delphi Corp., Lear Corp. and Visteon Corp. Data is given for revenue in 2004 and 2005, percentage change in revenue, net income and stock price.

A directory of some investment bankers in the U.S. are presented. It is reported that Robert W. Baird & Co., which was founded in 1919 and has 60 investment banking professionals. Its specialties are mergers and acquisitions, public-equity and debt underwriting, private equity and debt placement. Bear Stearns & Co. was founded in 1904 and possesses 40 investment banking professionals. Billow Butler & Co. LLC. was founded in 1923 and possesses 23 investment banking professionals.

High turnover in the nonprofit sector is spurring organizations to be more intentional in their succession planning and leadership development efforts. Finalists in Crain's Best-Managed Nonprofit Contest this year were recognized by an independent panel of judges for initiatives spanning organizationwide efforts to cultivate a culture that attracts and retains employees while preparing them for shifts in leadership to ensure the mission continues to next-generation leadership development through specific programs. Crain's will honor this year's winner early next year at its annual Newsmaker of the Year luncheon. [Extracted from the article]

Following its $1 billion valuation earlier this year, Rochester-based OneStream Software LLC has hired a new CFO with experience steering finances for Microsoft and other major tech firms. He spent three years as CFO for Portland-based software firm Puppet and eight years at Microsoft, including one year as CFO of its Skype division. [Extracted from the article]

The article informs that the unique pitch for the new tire brand that has been the most successful product launch in Goodyear Tire & Rubber Co.'s history shows the company's continued connection to the automotive industry capital, Detroit. Goodyear still isn't out of the financial woods as it continues to carry nearly $5.7 billion in debt, but 2004 did mark a return to profitability for the company and its North American Tire business, which is its biggest business unit. Goodyear still isn't out of the financial woods as it continues to carry nearly $5.7 billion in debt, but 2004 did mark a return to profitability for the company and its North American Tire business, which is its biggest business unit.

This article presents a list of several venture capital and private equity firms of Chicago, Illinois. Some of the firms mentioned in the article are Alpha Capital Partners Ltd., American Capital Strategies Ltd., Abbor Private Investment Co. LLC, Arch Venture Partners, Baird Capital Partners, Banc Funds Co. LLC, William Blair Capital Partners LLC, Capital Strategy Management Co. etc.

The article presents a listing of Ohio venture capital and buyouts firms. John M. Rice, Suzette Dutch, Dennis Costello, managing partners Crain's Cleveland Business have prepared this listing. The article adds that they use staff research and the most current references available to produce its listings. The article cautions that there is no guarantee that these listings are complete.

This article present a list of Chicago's venture capital firms in Illinois. Among local firms that provided financial information, the total amount of capital held in 2003 increased 17% to $50.31 billion, compared with the previous year, while dollars invested fell 4% to $4.34 billion. The number of out-of-area investments in 2003 was more than six times the total in the six-county Chicago region. Adams Street Partners LLC, with 43 investments, was responsible for the most out-of-area deals. Some of the firms are, Adams Street Partners LLC, GTCR Golder Rauner LLC, Madison Dearborn Partners LLC, Willis Stein & Partners, and others.

This article presents charts providing information regarding Chicago's venture capital firms. The charts depict the amount of capital held, investments made out of Chicago and five largest venture funds of Chicago, Illinois.

Reports the move of Wickes Inc. on sharing finances with affiliates to chief executive officer J. Steven Wilson despite financial losses in Jacksonville, Florida. Amount of cash shared to companies tied to Wilson; Reasons behind the move; Statement of Wilson concerning the issue.

Comments on revenue growth in the United States marketing services industry as of May, 2001. Opinion that the success is due to the information produced by the industry's fill-ins, click-ons and universal product codes; Demand for consumer information; Percentage of marketing services vested in advertising agencies Onmicom Group and Interpublic Group; Top-ranking agencies; Growth in the marketing services specialty areas of direct marketing and sales promotion.

Focuses on consolidation in the package goods industry. Acquisitions which have occurred in the food and beverage industry; Spate of non-food acquisitions which is expected among several companies; Pressure to merge in this category to cut costs; Financial difficulties that some companies have experienced in the aftermath of a merger; Plans of some companies for merging.

Reports on the increase in the number of Chicago, Illinois-based companies trading below five dollars. Reluctance of lenders to support companies with low share value; Failure of Universal Auto arts Inc.; to secure financing and close deals since its stock dropped to two dollars; Other companies with similar financial problems including E&Y Restructuring LLC, U.S. Can Corp. and Cherry Corp.

Reports on a heavy debt load and spending restrictions that are putting the pressure on Chicago, Illinois shoe company Florsheim Group Inc. Renegotiation of the terms of a credit agreement with BT Commercial; Continuing loss of marketshare.

Reports that the market capitalization of most Northeast Ohio companies has declined through the end of April 2000. Factors behind the drop in stock prices; Impact of interest rates on local stock performance; Business sectors that suffered a decline in market capital.

The article examines the possible ripple effects of the acquisition of Duo Security, a computer security company based in Ann Arbor, Michigan by Cisco Systems Inc. for 2.35 billion U.S. dollars. Topics covered include terms of payment for the deal, impact of the deal on the Michigan state, amount of capital funding raised by Duo Security in fall 2017 and background of Duo Security.

The article presents on the popularity of reverse merger as an option for weaker companies. Reverse mergers have recently involved businesses that are too small to attract investment banks. According to a recent report, the Securities & Exchange Commision (SEC) is probing accounting and law firms and banks that helped Chinese firms do reverse mergers.

The article reports that Verizon Communications Inc.'s recent deal to carry Apple Inc.'s iPhone may not contribute to its growth. It is mentioned that Verizon owns just 55% of its wireless division and the decline in its old-fashioned landlines cannot overcome by offering the iPhone. It is stated that about two-thirds of the device's price will be subsidized by Verizon and is not expected to see a return on that investment.

The article informs that even after one year of independency from Time Warner, American Online Inc. (AOL) is struggling alone to reinvent itself. It has been heard that AOL tried to merge itself with Yahoo to become profitable. It is evident that total revenue of AOL for the first nine months of 2010 decreased to 1.8 billion dollars. It is remarkable that 25% slide in advertising sales is also attributable for the decline in revenue.