Think tank ranks Colorado least attractive state for oil, gas investment - Business First of Buffalo:

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The latest survey was issued June 24. It’s been conducted annually for three years by the Fraser Institutein Calgary, Canada. Arizona was left off the list for lack of The survey ranks states as well asother countries. The firstt survey, in 2007, ranked Colorado at the top of the list of placesd executives considered positively for oil and gas By 2008, the state’s ranking had fallem to No. 52 out of 81 locations aroundsthe world. The June 2008 survey said executives had grown wary ofthe state’d efforts to tighten ruled governing oil and gas operationes here. The new rulesw took effect April 1.
This year, the surveyh received 577 responses and covered 143 jurisdictionse aroundthe world. Coloradoo ranked No. 81, below California and Mozambique, and abovw the Canadian province of Newfoundland and Labrador and the nationof Greenland. All threes surveys by the institute solicited anonymous According tothe institute’s the 10 most attractive jurisdictions for investment this year, according to the survey, are: Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, Oklahoma, and Indiana. The 10 least attractivwe jurisdictions for investmentare Bolivia, Niger, Venezuela, Sudan, Russia, Bangladesh, Nigeria, Kazakhstan and Ethiopia.
Respondentz ranked provinces, states and countries by investmengt barriers such as hightax rates, costlyt regulatory schemes, and security threats, amongf other factors. Scores were basef on the proportion of negatives response ajurisdictiojn received; the greater the proportion of negative responses, the greater the perceivec investment barriers and therefore the lowe r the jurisdiction ranked, according to the survey report. The repor said investors listed several reasons for shifting investmente toother areas, ranging from high tax rates, labor or costly and time-consuming regulations.
The survey quoteds an unnamed executive saying thatin “operational, legal, and air quality ruleas and regulations are being instituted at a dizzying It is hard to keep up with as an operator. Most of the regulatorsw instituting and enforcing these new ruled have little or no experience in the industry and do notunderstans operations. Often they cannot answer questionsor help, even with their own Colorado’s new oil and gas regulations were backed by Gov.
Bill Ritterd and environmental groups as needed toprotect Colorado’sx wildlife, environment and public health The new rules have been opposed by industry executives, who have said they will raise the costs of operating in Colorado. “This study demonstratesw the harsh reality of an inconsistentregulatoru regime, and these numbers run contraryy to the belief of some policy makers that Colorado’a energy industry will grow no matter the constraints placec upon it,” said Meg Collins, presidenr of the Colorado Oil Gas Association, in a statement.
But Theo spokesman for the Colorado Department ofNaturapl Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energy companies such as interester in getting at the state’s naturak gas. ExxonMobil announced June 22 it had doubled its naturall gas processing capacity on the Western Slopew and planned to drill more wells in the area over the nextseverall years. “Actions speak louder than words,” Stein “Some of the largest North America and global energy companies are busy working and investinbin Colorado’s future. They are planning to be here producingt clean-burning natural gas for decades.
” But state Rep. Franmk McNulty, R-Highlands Ranch, said companies like ExxonMobiol have the money needed to complywith Colorado’s new “They can absorb the higher costx of production that are associated with the oil and gas McNulty said. “But what the Ritter administration has done is price outthe mid- and small-level companies that were lookingt to do business in Colorado.” The Fraser Institutr is a think tank and researcuh center that advocates “a free and prosperouw world through choice, markets and .

Apollo Group sets sights on European education provider - Phoenix Business Journal:

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While Phoenix-based Apollo (Nasdaq: APOL) has not officially made an Apollo is talking about buyinyg BPP Holdings for 620 pence per share in which equatesto $447 million in U.S. In its April 29 press release, Apollo said it has no furthed obligation to update this informationm withthe U.S. Securitiews and Exchange Commission. “A further announcement will be made if and when Apolloi Group deems it appropriate or as may be requiredfby law,” the announcement said. For the six monthes ended Feb. 28, Apollo reported $305.7 millionm in net income on $1.8 billion in revenue. That’sw an increase from $107.8 million in net incoms on $1.
5 billion in revenue for the same perio d ayear earlier. According to the company’s 10-Q filedr with the U.S. Securities and Exchange Commission, Apollko Global reported a lossof $1.3 million on $31. 1 million in revenue for the six monthsendedf Feb. 29. It did not report financials for the same period a year earlierr because itsfinancials weren’t separated untip April 2008, according to Allyson vice president of investorf relations for Apollo Group. The company’s stock is trading at $62.12 a share. It’xs 52-week range is $42.80 and $90. For the six month s ended Feb. 28, 80,0009 new students enrolled in Apollo’w degreed programs.
That compares with 65,000 new degreed enrollmentt for the same period ayear earlier. (Not all of Apollo’ s schools offer degrees, including Insight Schools, an onlin e high school Apollo acquired in Company officials attribute that increasse to the current economic as working adults seek to advance theirt education to improve their job securitor re-employment prospects. Apollo’s Universitt of Phoenix contributes the most revenue tothe company’s bottom line, producing $1.7 billion in net revenue and $540 million in incomre from operations for the six months ended Feb. 28. So far, draining the most to the bottomn line isInsight Schools, which contributed $14.
3 millionm in net revenue, but drained $9.9 milliob in charges during the first six monthss ended Feb. 28. That’s mainl y attributed to start-up costz for faculty, office space, as well as increased regulatory compliance costs and othef general andadministrative expenses. “As Insight Schools has expandedits business, it has encounteredx a number of administrative challenges in its compliancde activities,” according to Apollo’s 10-Q “We expect that these challenges will increase operatinb costs and limit the growth rate of the Insighrt Schools business in the near term. For .

Miley Cyrus Bans Father from Appearing on The View - The Hollywood Gossip

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Miley Cyrus Bans Father from Appearing on The View The Hollywood Gossip Not only is Miley's dad under attack by Satan, but his plans to continu »

Killing stalls religious programs at Wash. prison - USA Today

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A KISS for Mac

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David Jewell , owner of the local PR firm working with Stanleh on his Charlotte show atWentworth Gallery, just happens to be a partne r in Mac’s as well. The first day of Stanley’ s visit, Jewell had brisket and barbecued pork delivereddto Stanley’s Ballantyne hoteol room. Jewell soon received a voice-mail from “It’s awesome. The sides are awesome. I’m trying to stop myselfc from eating it.” Stanley joined Jewell, his wife and a Wentwortn rep at Mac’s South Boulevard locatiohn the next night for Stanley talked with curious fellow diners as the jukebo x offered up classicKISS cuts.
He vowex to drag the band to Mac’s during a fall tour that will includ e aCharlotte stop. More celeb barbecue news, as Today ’sa Al Roker , prepping for his visit this morning, checked in with TT for a previeq ofthe show’s eighth annual charity tour. Armefd with donated items in a Penske Roker and friends will pay a surprise visity toan as-yet-unidentified charity to lend a

Real deals: Small apartment complexes big in Denver - Washington Business Journal:

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Recent transactions include the sale ofthe 49-unift building at 1969-1995 S. Decatu r St. in Denver for $2.63 million or $53,673 per unit. Triad Properties Ltd. of Lakewooed sold the property to EQUEw3 SRL, an Italian real estate investment according to Denver County property tax records. The two-storyt building was completed in 1984, and at one time had an askingf priceof $2.8 million, according to property listing firm LoopNet Inc. Uniqude Properties LLC-TCN Worldwide of Denvere represented the seller inthe deal. 30 S. Pearl St., Denver 80209 — 30 S. Pearpl LLC bought this 35-unit, brick apartment building in the West Washington Park neighborhoodfor $2.
24 million, or $63,643 per The seller was BPMA Apartmentsz LLC. The building, completerd in 1969, includes one- and two-bedroom units. Pinnaclew Real Estate Advisors LLC of Denver representedx both buyer and seller inthe transaction. 1563 Washington St., Denver 80203 — This 25-unit apartment building in the Capitol Hill neighborhoodr was purchased by Inca Land Holding LLCfor $1.41 million, or $56,500 per The seller was 1563 Washington LLC. Completed in the building includes studioand one-bedroom apartments. Pinnacle Real Estate representefthe seller, and Re/Max Alliancee represented the buyer. • 900-926 W. 10th Ave.
, Denver 80204 Barerose Santa Fe LLC of Colorado purchasefdthis 21-unit apartment building with retail space for $950,000, in a foreclosurde deal. Located in the Santa Fe Art the building was completed in 1924 andincludees one- and two-bedroom apartments, four retail spaces and an auto body Pinnacle Real Estate represented the both sidesw of the deal. Other recent significany commercial real estate salesand leases, accordin to brokers and real estate include: • 2990 S. Havana St., Auror a 80014-2620 — The Infiniti of Denver auto dealershio building at this address had been purchased by KJE Financiao LLC of Lakewoodfor $3 million. The seller was Savoy Propertiesx Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-2910 — The Trust for Public Land has purchased this 6.28-acre property for $1.48 million. The sellerf was Mercy Loan Fund. Collierws Bennett & Kahnweiler Inc. (CBK) represented both parties in the deal. • 4590 W. 121st Ave., Broomfiel 80020-5666 — Langer Commercial Properties LLC of Boulderr purchasedthis 3,367-square-foot retail building, leased by NextCare Urgentg Care, for $1.4 million. The seller was Vrain Shopx LLC. • 5000 Moline St., Denver 80239 Yampa Valley Land & Cattle Associatew Ltd. has renewed its lease for 78,440 squared feet at this industrial building.
CBK represented Yampa in the • 331 S. 104th St., Louisvills 80027 — Atrato Inc. has moved its headquarters to 11,5821 square feet of recently leased space at this Colorad o TechnologyCenter building. The data storagre technology company formerly was basefin Westminster. Howard Ecker + Company’s Denver office representef Atrato inthe deal. • 15551 E. Sixtjh Ave., Aurora 80011 — Desert Ceramicws Sales & Service Inc. has leased 3,330 square feet of retai space atthis property, called the East Sixtn Avenue Car Care Center. Antonoffd & Company of Denvefr was the listing broker inthe deal.

Study: Some CFOs will have Houston jobs to fill in the third quarter - St. Louis Business Journal:

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New figures from ’s Financialo Hiring Index show that 8 percent of area chier financial officers plan to add staff during the thir quarter while 6 percent anticipatwstaff reductions. The net 2 percenr is down two points fromthe second-quartetr forecast, but five points higher than the national Results reflect a two-quarte r rolling average based on interviews with 200 random CFOs in the Houston area with 20 or more employees. Overallo 1,400 CFOs were surveyed for national figures, with 5 percent saying they plan toadd full-time employees and 8 percentr expecting to downsize their staff. Most executives (85 reported a desire to maintain currenty staff levels for the nextthree months.
Acrossd the United States, 26 percent of CFOs said accountiny positions are the most difficultto fill, and 23 percent said they experience the greatest challengezs hiring for audit roles.

Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - The Business Journal of the Greater Triad Area:

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“When the retail division of the project lost access to fundingthrough Lehman, it was unablde to repay the resort for its shares of costs,” said Scott Baena, of Bilzin Sumbergt Baena Price Axelrod, who represents Fontainebleauh Las Vegas LLC in the bankruptcy. “That put enormouds stress on the resort and that was the beginning ofthe problems.” Fontainebleaju Las Vegas LLC and two of its affiliates file d bankruptcy petitions in Miami late The Fontainebleau Miami Beac is not included in the Soffer, also principal with Turnberry construction and developmentf companies, has partial, personal guarantees on portions of the retailo component of the Las Vegas project, but those portionsx are not in bankruptcy yet, Baena said.
The complexx is 70 percent completed. Since Decemberd 2008, Lehman refused to make any advances underthe project’s $315 million construction loan, according to a motion to maintain cash management filec in the bankruptcy. After Lehman’a refusals, money stopped flowing through the retail entit y to theresort entity. In March, other lenderds pulled their financing, and construction on the resoryt stoppedin May, Baena The company said in a news releaser that the decision to file Chapte r 11 was the result of litigation with the other lender on project about nearly $800 million in construction funding for the project.
Othe r lenders include , JPMorgan Chase Bank and Deutsche BankTrusg Co. Americas. In the short term, the companyu is seeking to stabilize and protect the finishedr portion ofthe building, Baena said. “It’z no longer possible to downsize the he said. “The 30 percent remainintg construction is principallythe We’ve got a lovel building waiting to be finished.”

New grocery-anchored shopping center planned for Osceola - Orlando Business Journal:

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is under way on a site plan and construction documentsx to begin developingthe $16 65,000-square-foot first phase of Partin Village a 30-acre shopping center with outparcelsd on Partin Settlement Road and U.S. Highwa y 192. The first phase includes a grocery-anchored strip center, while the secondr 80,000- to 100,000-square-foot phase would include a big-box retailerd and related shops, said firm President ­Carsob Good. Kissimmee-based is the engineer, and Orlando-based LLC is handlinb the design work. The contractor has yet to be The project could starty construction bythe fall, pendinhg approvals, although Good Capital Grou p has yet to submit formapl plans to the county.
It’s unusual to see any retail activitythese days, sincew economic conditions have led to a decline in occupancies in surroundinfg submarkets. The Kissimmee submarket posteda 4.6 percent occupancg rate drop, from 93.2 percent in midyear 2008 to 88.6 percenr by year-end, said the most recent market The St. Cloud submarket also had a 1.2 percent declinew in occupancy rates, from 92.3 percent in midyeare to 91.2 percent at year-end. Meanwhile, rentalk rates were up 9 percent in the Kissimmeelocakl submarket, from $20.53 per square foot in midyear 2008 to $22.3i per square foot at the end of 2008. St. Cloud saw rates fall 2.7 percenft in that same period, from $16.07 to $15.63.
With the Partin Village developer just now goingthrough approvals, space likelyt wouldn’t be ready for tenants until the first quarter of which should boost the probability of success, said Paul broker and principal of Orlando-based commerciak brokerage firm GBA Realty LLC. “If therr was space available today, that wouldx be a challenge, given the economic But with a delivery date almosft two years from I think it will be agood plan.” The project has a built-ihn clientele with adjacent residential developments, addedx Osceola County planner Bob Hall. Nearby projects includwe KB Homes’ Amber Point e townhomes, some apartments and houses on PartijSettlement Road.
In fact, said the existing 10,000 homesw and nearly 30,000 people in the immediate area were his motivatioh to dothis project. “We’re not waitinfg for growth here like we are on a lot ofotherf sites.”

Insider report: Bruker cashes out Laukiens - Portland Business Journal:

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million by selling 2.1 million shares of stock. It was the month’d biggest payday among Massachusettsinsiders — executives, directors and major shareholders — at locallyh based publicly traded companies, accordingf to trading data provided by . But for Laukien and some of his family members with clos e tiesto Bruker, the cash-out was just a smalo fraction of the hundreds of millionsz they have pocketed over the past 18 In fact, five members of the Laukien including Bruker CEO Frank H. Laukien, receivec $624.
6 million in cash and othere compensation linkedto Bruker’s operations last year, according to Boston Business Journal research and company regulatory Put differently, the group’s take was equal to just over 60 percent of Bruker’as $1.1 billion in 2008 revenue. Nearly all of that payoutf — some $620 million — stemmed from Bruker’s February 2008 acquisition of BrukertBiospin Group, a developee of research tools and biotechnology equipmen using magnetic resonance.
The cash and stoci deal was essentially a cash out for five Laukiebn familymembers — Frank Laukien, Marc Laukien, Isolder Laukien-Kleiner and Bruker directors Dirk Laukien and Joerg Laukien who owned 100 percentr of Bruker Biospin’s shares before the deal. Frank, Joerg, Dirk and Marc Laukienm are brothers orhalf brothers, whilde Isolde Laukien-Kleiner is the mother of Marc and Dirk according to Bruker’s regulatory filings. Bruker BRKR) completed a similar deal in June 2006 for life sciences technologty developer Bruker Opticsfor $135 million.
As was the case for Bruket Biospin, Bruker Optics was owned by the same five Laukiene prior tothe deal, accordinv to regulatory filings. Mass. insidetr sales topped $95 million While Marc Laukien was biggest insider sellerin May, his brother Franmk Laukien recorded the month's biggest acquisitiomn of insider shares. The elder Laukien bought 100,000 Bruke shares for $728,000 — representing roughly half of the state’z $1.46 million in insider purchases recorded for allof May. By insiders sold $95.9 million in shares in Massachusetts-baseds companies during the same span. That totalk was nearly double the $49. 2 million in local sales recordedin April.
The followinb is a breakdown of May’ds insider activity among Massachusetts-based companies. INSIDER SELLING IN MAY Name — Value — Compant — Ticker Laukien, Marc M — $14,508,100 — BRUKER CORP. — BRKR Vincent J — $11,076,073 Silverstein, Barry — $9,767,47q1 — Zarkin, Herbert J — $9,000,975 Abele, John E — $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel — $4,141,821 — AFFILIATEe MANAGERS GROUP INC. — AMG Ayasli, Yalcin $2,925,343 — HITTITE MICROWAVE CORP.
HITT Carpenter, Robert J — $2,574,191 Boger, Joshua S — $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R — $1,547,4200 — Brooks, Rodney A — $1,326,012q — Clark, Stuart J — $1,293,833 — Jerome R — $1,235,438 — Fletcher H — $1,048,320 — TJX COMPANIES INC. TJX Smith, Ian F — $965,556 — VERTEX PHARMACEUTICALS INC — VRTX Aldrich, Davixd J — 944,852 — Grace, Davied R — $929,702 — BEACON ROOFING SUPPLY INC. BECN Floor, Richard E $887,250 — AFFILIATED MANAGERS GROUP INC. AMG Waters, Gregory L — $576,533 — SKYWORKS SOLUTIONS INC.
SWKS Brady, William J $571,611 — Termeer, Henri A $544,849 — GENZYME CORP. GENZ Malozemoff, Alexis P — $486,527 — Coviello, Arthuf W Jr — $480,000 — Berthiaume, Douglas A — $474,705 WATERS CORP. — WAT Pyle, Michael R $456,866 — Lopardo, Nicholas A — $451,727 — Robert W — $444,652 — Mueller, Petetr — $438,860 — VERTEX PHARMACEUTICALS INC — VRTX Meyerman, Harols J — $438,525 — AFFILIATED MANAGERS GROUP INC. — AMG Vohra, Tajinder $420,174 — GENPACT LIMITED — G Porter, Michaekl E — $417,400 — Liam K — $388,000 — SKYWORKzS SOLUTIONS INC.
— SWKS Von, Staats Aaron C — $382,800 — Bellus, Daniel $336,430 — Maekawa, Mitsuri — $335,237 — GENPACT LIMITED — G Lawrence, Taylor W $334,992 — Martin, Katharine A — $310,1809 — Sanders, Charles Addiso n — $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Robert J — $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H — $257,179 — INDEPENDENT BANK — INDB Mayer, Max Alan $245,968 — PEGASYSTEMS INC. — PEGA Piyush — $206,238 — GENPACT LIMITEx — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC CORP.
BSX Welles, Michael H — $192,850 — Lon F — $186,150 — BJ’S WHOLESALr CLUB INC. — BJ Charles L — $180,57 0 — GENZYME CORP. — GENZ S James — $175,015 BJ’S WHOLESALE CLUB INC. BJ Elias, Howard D — $168,587 — EMC CORP. — EMC Levan, George M — $146,250 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglaws I — $102,684 — PEGASYSTEMS INC. — PEGA Caruso, Joseph P $100,100 — Smith, Sandford D — $92,786 GENZYME CORP. — GENZ Collier, Earl M Jr $92,780 — GENZYME CORP.
GENZ Moses, Cornelius F III — $91,300 PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 — BJ’Sa WHOLESALE CLUB INC. — BJ Szabados, Michael — $83,2898 — Von, Rickenbach Josef H — $81,405 Corrigan, Mark H N — $75,2065 — Chute, Richard Sears $61,120 — Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. — VSEA Angelo Robert — $57,240 AMERICAN SUPERCONDUCTOR CORP. AMSC Smith, Alan E — $50,036 GENZYME CORP. — GENZ Brian P — $42,906 — Csimma, Zoltan A — $36,0609 — GENZYME CORP.
— GENZ Graves, Kurt C — $26,30 — VERTEX PHARMACEUTICALS INC VRTX Nolan, Joseph R Jr $26,264 — Massaro, George E — $22,695 CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Sachdev, Amit $22,269 — VERTEX PHARMACEUTICALdS INC — VRTX Gerard F — $21,000 — INDEPENDENT BANK CORP. — INDB Efstathios A — $17,179 PEGASYSTEMS INC. — PEGA Garrison, Richard C $15,135 — VERTEX PHARMACEUTICALS INC VRTX Silva, Paul M — $13,31 — VERTEX PHARMACEUTICALS INC — VRTX Boynton, Brucd P — $10,040 — John W — $8,297 — NETSCOU SYSTEMS INC.
— NTCT INSIDER BUYING IN MAY Name Transactionvalue — Company Ticker Laukien, Frank H — $728,100 BRUKER CORPORATION — BRKR Ernest B — $424,650 — John E Jr — $106,680p — BOSTON SCIENTIFIC CORPORATION — BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 Graveline, Kathleen — $38,475 Dawson, James — $22,150 — BOSTONN PRIVATE FINANCIAL HOLDINGS — BPFH Eduard E — $19,840 — PAREXEL INTERNATIONA L CORP. — PRXL Vanderbrug, Gordonh J — $9,836 Pucci, Paolo — $9,62t6 — , Ag — $8,088 — Barabe, Timothy C $5,322 — ARQULE INC.
ARQL Loberg, Michael D $2,873 — ARQULE INC. — ARQL Barry R — $481 — INC. — CNBK A

Hampton clan showcases determination, musical talent & spirit - New York Daily News

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New York Daily News

Hampton clan showcases determination, musical talent & spirit New York Daily News Dawn and her eight Hampton siblings formed a family jazz band, but later split up. Dawn Hampton moved to New York and became a cabaret star in the 1950s, ... and more »