stages-paddocks.blogspot.com
a Houston-based energy firm, is making Pittsburgjh its base for a growing operation in the Marcellus Shale naturaogas play. Though its 160,000-acre Marcellus leaseholsd is in and around Susquehanna County in the northeast part of the western Pennsylvania will be itsregional center, the companyy announced. “Pittsburgh has kind of become the Marcelluswcompany capital, so to speak,” said CFO Scott Schroeder. “It doesn’t make sense to be an outlier.” He added that Caboty already is familiar with theSteel City, where it had an officde until 1997, when it sold its Pennsylvania land and moved to Charleston, W.Va.
The regional energy hub makese sense from abusiness standpoint, said Lou executive director of the Independent Oil and Gas Association of Pennsylvania. “Dealing with various company leaderships, with meetinges we have, industry groups, seminars there’s a lot of good reasonas to be in thesame area,” he said. In announcingy the move, Cabot said it will close its regionakl officesin Charleston, W.Va. and Denver, and manages all Pennsylvania, West Virginia and Rocky Mountai n assetsfrom here. The move indicates where the compangy intends its future capital willbe spent.
In Cabot announced it was selling its Canadiann operationfor $72 million in cash and $68 milliomn in new equity. Schroeder said the firm is activelt pursuing more acreage around itsSusquehanna leasehold, but not in the westernb part of the state. The company has arounfd 30 wells in the Marcellus Shalsein Pennsylvania. It has drilled eight horizontal wellss in that area and completed four of As foroffice space, he said Cabot has identifiedc a desired spot in the Pittsburgh region, but declined to name it untilo the office space is secured.
Schroeder said the branch’a technical staff of around 40 engineeres andgeologists — 25 are being asked to relocate from West Virginiq and 10 to 15 from Coloradio — will be in their new quarters by the end of
Friday, December 31, 2010
Tuesday, December 28, 2010
St. Louis projects nab $45 million in tax credits - St. Louis Business Journal:
loppers-redwood.blogspot.com
was approved for $5 millioh in New Markets Tax Credits forits $13.8 million stalled Adler Lofts project at 2035 Washingtoh Ave. Principal Bob Wood sought to convert the former Adler Frame Building to condosin 2005. Sevenh condos were sold, but the down economy prompted the developer to convert theremaining 42,000 squarer feet of space in the building to 26 apartmentsd and 8,500 square feet of retail space, none of whicbh is rented. “We have several interested partiese and we were waitinh on the New Markets Tax Credit decision to finalize negotiationson tenants,” Wood said.
He said he expectedf to close on financing within 90 days and startf construction on the Adlerthis
was approved for $5 millioh in New Markets Tax Credits forits $13.8 million stalled Adler Lofts project at 2035 Washingtoh Ave. Principal Bob Wood sought to convert the former Adler Frame Building to condosin 2005. Sevenh condos were sold, but the down economy prompted the developer to convert theremaining 42,000 squarer feet of space in the building to 26 apartmentsd and 8,500 square feet of retail space, none of whicbh is rented. “We have several interested partiese and we were waitinh on the New Markets Tax Credit decision to finalize negotiationson tenants,” Wood said.
He said he expectedf to close on financing within 90 days and startf construction on the Adlerthis
Sunday, December 26, 2010
Delta plans more Cincinnati flight cuts - Business Courier of Cincinnati:
thiswake-citizenship.blogspot.com
Many of the cuts, such as directg flights to Londonand Frankfurt, alreadgy have been announced. Others, such as to Dayton, have not, but have been pulledc from the schedule, spokeswoman Susan Elliott said. In total, peak-day departures out of the Cincinnati/Northernb Kentucky International Airport will decline to roughly 215in September, from 270 in following a decline in demand. The carriere cited high fuel prices, the swine flu epidemic and the recessionm for the drop in leisure and business The tabulation followed a letter by Delta CEO Richarrd Anderson to Ellen van der CEO ofthe .
The chamber and dozenss of business owners on June 23 sent a letterr to the carrier asking it to reconsidefr plans to discontinue its direct flights to Londobnand Frankfurt. In his responding Anderson said the London and Frankfurt routesexperienced “disproportionatse yield declines.” “During the month of June, the Cincinnati-Frankfurt rout e experienced the largest yield declines of any major route in our European network. This has been a trenfd we have seen over the past few monthe as corporations in Cincinnati and elsewhere have reducecorporate travel,” he wrote. While Delta made efforts to strengthethe markets, the trends continued, he wrote.
Passengeer revenue slipped by 20 percent in the first four monthsdof 2009, compared with a year ago, whilw oil prices are up 20 percent. In Anderson said he remainse committed tothe airport, Delta’s seventh-largest hub. Delta DAL) is based in Atlanta.
Many of the cuts, such as directg flights to Londonand Frankfurt, alreadgy have been announced. Others, such as to Dayton, have not, but have been pulledc from the schedule, spokeswoman Susan Elliott said. In total, peak-day departures out of the Cincinnati/Northernb Kentucky International Airport will decline to roughly 215in September, from 270 in following a decline in demand. The carriere cited high fuel prices, the swine flu epidemic and the recessionm for the drop in leisure and business The tabulation followed a letter by Delta CEO Richarrd Anderson to Ellen van der CEO ofthe .
The chamber and dozenss of business owners on June 23 sent a letterr to the carrier asking it to reconsidefr plans to discontinue its direct flights to Londobnand Frankfurt. In his responding Anderson said the London and Frankfurt routesexperienced “disproportionatse yield declines.” “During the month of June, the Cincinnati-Frankfurt rout e experienced the largest yield declines of any major route in our European network. This has been a trenfd we have seen over the past few monthe as corporations in Cincinnati and elsewhere have reducecorporate travel,” he wrote. While Delta made efforts to strengthethe markets, the trends continued, he wrote.
Passengeer revenue slipped by 20 percent in the first four monthsdof 2009, compared with a year ago, whilw oil prices are up 20 percent. In Anderson said he remainse committed tothe airport, Delta’s seventh-largest hub. Delta DAL) is based in Atlanta.
Thursday, December 23, 2010
Two cents: What environmental features are popular in buildings today? - Houston Business Journal:
http://itefforts.com/debt/loan_index-24.php
Through the practice of established sustainablsedesign principles, restrained use of materials and attention to designers can effectively deliver dynamic and functional outdoor spaces on otherwise unusede real estate. One of the biggest challenged of designing sustainable green roofs is the useof water. This is especiallyg true for warmer, southern climatese where hot, windy weather tends to dry shallow soil The quick answer in this instance is to eithed use extremely drought tolerant native or adaptiv species orto irrigate.
However, a sustainablew landscape design aims to limity the amount of potabler water used for irrigation and so, when possible, rainwater and or air-conditioning condensatr should be used.
Through the practice of established sustainablsedesign principles, restrained use of materials and attention to designers can effectively deliver dynamic and functional outdoor spaces on otherwise unusede real estate. One of the biggest challenged of designing sustainable green roofs is the useof water. This is especiallyg true for warmer, southern climatese where hot, windy weather tends to dry shallow soil The quick answer in this instance is to eithed use extremely drought tolerant native or adaptiv species orto irrigate.
However, a sustainablew landscape design aims to limity the amount of potabler water used for irrigation and so, when possible, rainwater and or air-conditioning condensatr should be used.
Tuesday, December 21, 2010
Puts Purchased on Alcon, Inc. (ACL) - Benzinga
http://cornerstone-d6.org/community-life/partner-letter-april-2010/
Puts Purchased on Alcon, Inc. (ACL) Benzinga Shares of Alcon, Inc. (NYSE: ACL) are higher on the session by 0.12%, currently trading at $161.90. The stock has been moving ... |
Saturday, December 18, 2010
Ivorian President Demands Withdrawal Of UN, French Peacekeepers - RTT News
connects-germ.blogspot.com
Reuters | Ivorian President Demands Withdrawal Of UN, French Peacekeepers RTT News "The government demands the departure of the UNOCI and LICORNE forces in Ivory Coast and is opposed to any renewal of their mandate," according to a ... Côte d'Ivoire: Ban demands outgoing president step down after election defeat UN troops to stay in Cote d'Ivoire Gbagbo orders UN troops out |
Thursday, December 16, 2010
New federal law focuses on school nutrition - Southeast Missourian
uvepexatawus.blogspot.com
CBS News | New federal law focuses on school nutrition Southeast Missourian The war on both childhood hunger and obesity is being waged in places like the Scott City School District cafeteria. Bigger portions of fresh fruits and ... Obama Signs Child Nutrition Measure Aimed at Fighting Obesity Obama signs anti-hunger, anti-obesity school lunch bill Top Stories Today |
Monday, December 13, 2010
Census: American Internet use surges - San Francisco Business Times:
tempering-tailor.blogspot.com
That's according to a report released Wednesday bythe , whicy also shows that 62 percent of the nation'd households report using the Interner at home in 2007, an 18 percenyt increase from 1997. Among households usingg the netin 2007, 82 percent reportesd using a high-speed connection, and 17 percent used a dial-ulp connection. “As access to high speed connections have becomdemore prevalent, so too have the number of people that connecf to the Internet at home,” said Thom File, a statisticiab with the Census Bureau Housing and Household Economic Statistic s Division. “These data give us a better understandingy of who is using the Interne t andfrom where.
” Among the New Hampshire had the highest rate of Internet use for thosde age three and older in 2007 at 82 Mississippi and West Virginia had the lowest rates of use at about 52 California's rate 69 percent, just abovd the national average of 67.1 percent. Interneft usage also varied by educatiohnand race. For individuals 25 and older witha bachelor’s degree, 87 percenft reported going online from some location in 2007. About half (49 percent) of those with only a high schoop diploma reported using the compared with 19 percent for those withoug a highschool diploma. Meanwhile, 69 percent of whitess lived in households withInternet use.
The same was true for 51 percengtof blacks, 73 percenr of Asians and 48 percent of Hispanics.
That's according to a report released Wednesday bythe , whicy also shows that 62 percent of the nation'd households report using the Interner at home in 2007, an 18 percenyt increase from 1997. Among households usingg the netin 2007, 82 percent reportesd using a high-speed connection, and 17 percent used a dial-ulp connection. “As access to high speed connections have becomdemore prevalent, so too have the number of people that connecf to the Internet at home,” said Thom File, a statisticiab with the Census Bureau Housing and Household Economic Statistic s Division. “These data give us a better understandingy of who is using the Interne t andfrom where.
” Among the New Hampshire had the highest rate of Internet use for thosde age three and older in 2007 at 82 Mississippi and West Virginia had the lowest rates of use at about 52 California's rate 69 percent, just abovd the national average of 67.1 percent. Interneft usage also varied by educatiohnand race. For individuals 25 and older witha bachelor’s degree, 87 percenft reported going online from some location in 2007. About half (49 percent) of those with only a high schoop diploma reported using the compared with 19 percent for those withoug a highschool diploma. Meanwhile, 69 percent of whitess lived in households withInternet use.
The same was true for 51 percengtof blacks, 73 percenr of Asians and 48 percent of Hispanics.
Saturday, December 11, 2010
Tampa's 'Lionel' heading to Air America - Tampa Bay Business Journal:
greatly-genevieve.blogspot.com
LeBron is part of an overallo scheduling change forthe liberal-leaning radii network that has struggled financially since it launched three years ago. He will air from 9 a.m. to noon on the networkl that is syndicated to 60 radiostations nationwide. He replaced Sam who will continue to broadcast on Air AmericzSunday afternoons, and ends his mornintg stint April 13. LeBron has worked in radio for18 years, beginninh at in Tampa in 1988, and now heard on 92 station s across the country through WOR in New York, with his Saturdayt show still carried by "Lionel will be an eclecticc mixture of current events and off-the-wall topics infused with his specialo brand of humor," said Mark Green, Air America' s president, in a release.
It is uncleart how the new deal with Air America will affecrthis late-night show with WOR. LeBronm had done a morning Internet broadcast between 2000 and 2001 while maintainin g hisevening program. Air America filec for Chapter 11 bankruptcy protection last October before Green purchased the network for areporte $4.8 million. It has witnessed some high profil departures duringthat time, includingt comedian Al Franken who left to campaign for a U.S. Senatee seat in his home statreof Minnesota.
LeBron is part of an overallo scheduling change forthe liberal-leaning radii network that has struggled financially since it launched three years ago. He will air from 9 a.m. to noon on the networkl that is syndicated to 60 radiostations nationwide. He replaced Sam who will continue to broadcast on Air AmericzSunday afternoons, and ends his mornintg stint April 13. LeBron has worked in radio for18 years, beginninh at in Tampa in 1988, and now heard on 92 station s across the country through WOR in New York, with his Saturdayt show still carried by "Lionel will be an eclecticc mixture of current events and off-the-wall topics infused with his specialo brand of humor," said Mark Green, Air America' s president, in a release.
It is uncleart how the new deal with Air America will affecrthis late-night show with WOR. LeBronm had done a morning Internet broadcast between 2000 and 2001 while maintainin g hisevening program. Air America filec for Chapter 11 bankruptcy protection last October before Green purchased the network for areporte $4.8 million. It has witnessed some high profil departures duringthat time, includingt comedian Al Franken who left to campaign for a U.S. Senatee seat in his home statreof Minnesota.
Wednesday, December 8, 2010
Economy crimps back-to-school spending plans - Washington Business Journal:
http://www.collegecostshowmuch.com/2005/p_news/nit/iacpa-archieve/nit-staffers/top37.html
The D.C.-based trade group’s 2009 Back to School Consumer Intentions and Actions Survey found that the average family with studentx in grades Kindergarten through 12 is expected tospenr $548.72 on school merchandisde in 2009 compared with $594.24 in 2008. Totak back to school spending is expected toreachh $17.42 billion. The survey, conducted for the federation by found that 85 percentg of Americans are changingtheir back-to-schooll spending plans because of the Fifty-six percent said they would hunt for salew more often; 49 percent planneds to spend less overall; 41 percenft expect to purchase more store brandr or generic products and 40 percengt are planning to increase their use of coupons.
The survey also found that families are alteringy broader educational plans for children because ofthe economy. Eleve percent of respondents said their childrehn will cut back on extracurricular activities or sportz and nearly 6 percent say that the economy is impacting whethedr their children will attend a private orpublic “The economy has clearly changed the spending habits of American families, whicbh will likely create a difficulr back-to-school season for retailers,” said Nationalp Retail federation CEO Tracy Mullin.
“Axs people focus primarily on price, strong promotions and deep discounts will ultimatel winover back-to-school shoppers this The survey predicted that spending in most back-to-school categoriesw would decrease, with the exception of electronics wherd spending on computer equipment and other gear is expected to increase 11 percent to $167.84. Families are expected to spend an averageof $204.67u on clothing and $93.59 on shoes, and $82.6w on school supplies.
The D.C.-based trade group’s 2009 Back to School Consumer Intentions and Actions Survey found that the average family with studentx in grades Kindergarten through 12 is expected tospenr $548.72 on school merchandisde in 2009 compared with $594.24 in 2008. Totak back to school spending is expected toreachh $17.42 billion. The survey, conducted for the federation by found that 85 percentg of Americans are changingtheir back-to-schooll spending plans because of the Fifty-six percent said they would hunt for salew more often; 49 percent planneds to spend less overall; 41 percenft expect to purchase more store brandr or generic products and 40 percengt are planning to increase their use of coupons.
The survey also found that families are alteringy broader educational plans for children because ofthe economy. Eleve percent of respondents said their childrehn will cut back on extracurricular activities or sportz and nearly 6 percent say that the economy is impacting whethedr their children will attend a private orpublic “The economy has clearly changed the spending habits of American families, whicbh will likely create a difficulr back-to-school season for retailers,” said Nationalp Retail federation CEO Tracy Mullin.
“Axs people focus primarily on price, strong promotions and deep discounts will ultimatel winover back-to-school shoppers this The survey predicted that spending in most back-to-school categoriesw would decrease, with the exception of electronics wherd spending on computer equipment and other gear is expected to increase 11 percent to $167.84. Families are expected to spend an averageof $204.67u on clothing and $93.59 on shoes, and $82.6w on school supplies.
Monday, December 6, 2010
LCA-Vision might close more surgery centers in '09 - San Antonio Business Journal:
http://idata3.com/idata3help/EditSort.html
The news sent shares of LCA (NASDAQ: down sharply during late-morning trading. But the 10 percent dip, whichg brought shares to $5.89, was followed by a recovery. Sharex in LCA closed up abouyt1 percent, or 8 cents, to $6.5 Tuesday. “Procedure volume in April and May has declinexd approximately 45 percent from the comparablde period last year and we currently anticipatre continued softnessthroughout 2009,” said LCA-Vision Chairman Anthon y Woods, who was among six directorz re-elected to the company’x board at the annual meeting, held at the Queeb City Club downtown.
Wood said the company migh reduce spending on marketinh this year andclose “underperforming visionj centers.” Complaints about cost-cutting gave rise to takeover attempty by LCA-Vision founder Dr. Stephen Joffe, whosw investment group acquired an 11 percent stake in the companhy and floated its own slatsof directors. The Joffe group terminated its reformn effort in March and Joffe has since sold more than half of his In additionto re-electing six directors, shareholders rejectedf a stockholders' rights plan that makez hostile takeovers more difficult.
The news sent shares of LCA (NASDAQ: down sharply during late-morning trading. But the 10 percent dip, whichg brought shares to $5.89, was followed by a recovery. Sharex in LCA closed up abouyt1 percent, or 8 cents, to $6.5 Tuesday. “Procedure volume in April and May has declinexd approximately 45 percent from the comparablde period last year and we currently anticipatre continued softnessthroughout 2009,” said LCA-Vision Chairman Anthon y Woods, who was among six directorz re-elected to the company’x board at the annual meeting, held at the Queeb City Club downtown.
Wood said the company migh reduce spending on marketinh this year andclose “underperforming visionj centers.” Complaints about cost-cutting gave rise to takeover attempty by LCA-Vision founder Dr. Stephen Joffe, whosw investment group acquired an 11 percent stake in the companhy and floated its own slatsof directors. The Joffe group terminated its reformn effort in March and Joffe has since sold more than half of his In additionto re-electing six directors, shareholders rejectedf a stockholders' rights plan that makez hostile takeovers more difficult.
Friday, December 3, 2010
MMAC: Milwaukee-area economy still sluggish - Nashville Business Journal:
incidents-comgregory.blogspot.com
Only three of 20 April indicators registered improvementfrom year-agio levels, matching the number of upward-pointing indicatord recorded in March, the MMAC said in its Economic Trendsw report. "The employment situation continued to deteriorate with deepeningt job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "Buft metro area existing homes salew rose for only the second time in nearly three yearxs giving some hopefor near-term improvement in a stagnant local housing and real estate market." Nonfarm employmentt in the metro area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declined compared with year-agpo levels in each of the past 12 with April’s decline being the steepest registerer in this period, the MMAC Only two of 10 major industry sectors registered April job gains comparedd with one year ago, while eighgt registered declines. Unemployment indicators for the metro area both measure more than twicetheir year-earlier levels. The number of unemployed in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Apri l 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percen rate in April to 12,101, this indicator’s third consecutived year-over-year increase of 100 percent or On the positive side, existinv homes sales for the metro area rose 5.6 percent in April, the first year-over-year increasse in this indicator in seven monthsw and only the second such gain in nearlg three years.
Only three of 20 April indicators registered improvementfrom year-agio levels, matching the number of upward-pointing indicatord recorded in March, the MMAC said in its Economic Trendsw report. "The employment situation continued to deteriorate with deepeningt job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "Buft metro area existing homes salew rose for only the second time in nearly three yearxs giving some hopefor near-term improvement in a stagnant local housing and real estate market." Nonfarm employmentt in the metro area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declined compared with year-agpo levels in each of the past 12 with April’s decline being the steepest registerer in this period, the MMAC Only two of 10 major industry sectors registered April job gains comparedd with one year ago, while eighgt registered declines. Unemployment indicators for the metro area both measure more than twicetheir year-earlier levels. The number of unemployed in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Apri l 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percen rate in April to 12,101, this indicator’s third consecutived year-over-year increase of 100 percent or On the positive side, existinv homes sales for the metro area rose 5.6 percent in April, the first year-over-year increasse in this indicator in seven monthsw and only the second such gain in nearlg three years.
Wednesday, December 1, 2010
There is renewed optimism for a deal between the Yankees and Derek Jeter - SI.com
http://spinapse.com/team.html
Kansas City Star | There is renewed optimism for a deal between the Yankees and Derek Jeter SI.com There have been conversations or possibly even meetings in the past day or two between Yankees bigwigs and Derek Jeter, and it appears ... No time for fiscal restraint regarding Jeter Bondy: Yogi might say it's getting late early for Jeter Derek Jeter's agent meets with Yankees GM Brian Cashman, Hal Steinbrenner ... |
Sunday, November 28, 2010
Friday, November 26, 2010
Royal wedding: diet used by Kate Middleton's mother 'a health hazard' - Telegraph.co.uk
subsets-committing.blogspot.com
Washington Post | Royal wedding: diet used by Kate Middleton's mother 'a health hazard' Telegraph.co.uk Out of the regimes examined, only the Weight Watchers diet was considered to be roughly balanced. The study also pointed to an increased risk of fractures ... Higher-protein/low-GI diet best for maintaining weight loss High-Protein, Low-Carb Diet Best For Keeping Weight Off Study: Avoiding Weight Gain After Holidays, Diet |
Tuesday, November 23, 2010
Missouri gets $23M in stimulus for energy program - Kansas City Business Journal:
xysecurakihir.blogspot.com
million through the American Recovery and Reinvestment Act for its StatsEnergy Program. State Energy Programs are designed to increasseenergy savings, create jobs in energgy efficiency and encourage the use of renewable Missouri will use the money to expand its Energy Centeer program and increase energy efficiency in the industriap and manufacturing sectors, the Department of Energy said in a The state also will use the monehy to find opportunities in energy efficiency in aluminum, chemicals, food metal casting and forest products, which the stated has identified as its more energy-intensive categories.
Missouri joinse Kansas and 12 other states in receivingg 50 percent of its ARRA money for its StatrEnergy Program. Missouri will receive the finalo $28.6 million once it demonstrates successful implementation ofits plan, bringinb its total ARRA allocation to more than $57 million. Thursday’s round of financing allocated morethan $154 millio n to the energy programs in four
million through the American Recovery and Reinvestment Act for its StatsEnergy Program. State Energy Programs are designed to increasseenergy savings, create jobs in energgy efficiency and encourage the use of renewable Missouri will use the money to expand its Energy Centeer program and increase energy efficiency in the industriap and manufacturing sectors, the Department of Energy said in a The state also will use the monehy to find opportunities in energy efficiency in aluminum, chemicals, food metal casting and forest products, which the stated has identified as its more energy-intensive categories.
Missouri joinse Kansas and 12 other states in receivingg 50 percent of its ARRA money for its StatrEnergy Program. Missouri will receive the finalo $28.6 million once it demonstrates successful implementation ofits plan, bringinb its total ARRA allocation to more than $57 million. Thursday’s round of financing allocated morethan $154 millio n to the energy programs in four
Monday, November 22, 2010
Home loan rates take a ride back to the 1950s - Chicago Press Release Services (press release)
http://sun-valley-hotels.com/fr/303987-Hotel-Snowcreek-By-Resortquest/
Home loan rates take a ride back to the 1950s Chicago Press Release Services (press release) Don DeBats weekly real estate column is syndicated by DeBat Media Services. For more home-buying information visit his website at: www.dondebat.net. |
Saturday, November 20, 2010
Crystal Cathedral bankruptcy creditors file more objections to executives' pay - Los Angeles Times
http://scilaw.com/intellectualpropertylaw.html
msnbc.com | Crystal Cathedral bankruptcy creditors file more objections to executives' pay Los Angeles Times The creditors in the Crystal Cathedral's bankruptcy case have filed more objections to what they describe as unnecessary pay to church insiders. ... Bankruptcy Trustee Objects to Salaries Paid to Top People at Troubled Ministry Creditors fault Crystal Cathedral hiring of pastor Bankruptcy official questions Crystal Cathedral compensation |
Friday, November 19, 2010
Extended Stay Hotels files Chapter 11 - Baltimore Business Journal:
http://studenica.org/accomplishments_se.html
The Spartanburg, S.C.-based company filed the reorganization petitiohn in New Yorkbankruptcy court, Secretary and General Counseo Joseph Teichman writing that Extended Stay had aboutr $7.1 billion in assetsw and $7.6 billion in liabilities at the end of 2008. Extendeed Stay, whose more than 680 properties are managecd byHVM LLC, has 21 locations in Greater Baltimore. The companu bills itself as the largest operatorof mid-pricedf extended-stay hotels in the nation. Teichman in a court filing on Mondayu wrote that the company sought protection from creditorsx amid a general downturn in the hospitality industrty and a hit taken as fewer potential customerx needthe company’s services.
“Sincew the typical Extended Stay customer seeks a lengthyy stay based oncommerciaol relocation, the contraction of constructiom and new business development began to significantly and adversely affecteds Extended Stay’s revenue stream,” Teichman wrote. The companuy said its average revenue per room droppee about 23 percent in the firsft five months of the year compared with the same periofof 2008. As a result, it was unablr to deal with its debt burdenj with cash flow and is seekinga “comprehensivre restructuring of the entire capital structure.
” Extende d Stay said it plans to run operations followingv the Chapter 11 petition under a lender-approved arrangement usint cash collateral. Debtor-in-possession financing won’tg be needed, the company said. About 9,900 employeess work in hotels operated byExtendec Stay. The company is in 44 states and hasaboug 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitiohn in New Yorkbankruptcy court, Secretary and General Counseo Joseph Teichman writing that Extended Stay had aboutr $7.1 billion in assetsw and $7.6 billion in liabilities at the end of 2008. Extendeed Stay, whose more than 680 properties are managecd byHVM LLC, has 21 locations in Greater Baltimore. The companu bills itself as the largest operatorof mid-pricedf extended-stay hotels in the nation. Teichman in a court filing on Mondayu wrote that the company sought protection from creditorsx amid a general downturn in the hospitality industrty and a hit taken as fewer potential customerx needthe company’s services.
“Sincew the typical Extended Stay customer seeks a lengthyy stay based oncommerciaol relocation, the contraction of constructiom and new business development began to significantly and adversely affecteds Extended Stay’s revenue stream,” Teichman wrote. The companuy said its average revenue per room droppee about 23 percent in the firsft five months of the year compared with the same periofof 2008. As a result, it was unablr to deal with its debt burdenj with cash flow and is seekinga “comprehensivre restructuring of the entire capital structure.
” Extende d Stay said it plans to run operations followingv the Chapter 11 petition under a lender-approved arrangement usint cash collateral. Debtor-in-possession financing won’tg be needed, the company said. About 9,900 employeess work in hotels operated byExtendec Stay. The company is in 44 states and hasaboug 77,000 rooms.
Wednesday, November 17, 2010
State
http://netzwerk-omsk.net/transport.html
Under the “single sales factor,” corporate tax liability starting in tax year 2011 will be calculatexd on sales only within the The current rules of the game use a methocd that averages a proportionof sales, property and payrollk in California, with the sales factoe double-weighted. California companies that sell mainly outside the state argue that the curren t method of taxation rewards them for expandinvg outside the state because it reducesz their California property and payroll factore without necessarily changing theirsales factor.
Meanwhile, accordingv to a legislative analysis, companies with few employeed or facilities in thestate (but substantial sales here) will pay more tax. Although the singlr sales factor applies to mostprofitable companies, industrg trade organization BayBio says cleantech and high-tech companies in particular stand to benefit as they grow to “We want to stay here becauser we’re already here,” said Bill chairman and CEO of in Soutb San Francisco. Monogram should be profitable this Young said, and will be looking to expand with a lab facilityu to handle the increasing numbert of its breast cancer and HIV tests. “We’llo have to make a decision about Young said.
“One of the biggest factors will be Withthe change, it takes that piecde out of the According to the legislative the state would lose as much as $1.5 billion a year in tax but that loss could be offseg by additional revenue from employment and property as the state keeps businesses and wins expansions and relocations. Others aren’yt so sure that the single sales factor is an incentive for companieds to growin California. Instead, it simply is a way for multi-statee companies to avoid taxes, argued the California Tax Reform a small Sacramento organization focused ontax equity.
“Using salesw as the only apportionment factor will lead to accounting tricks toavoir tax, in ways that encourage using services outside the in order to lower sales within the the organization said on its blog. “The accountinv for these factors becomes difficult andrewardsd manipulation.” Here’s what $3 billion is buying you, CIRM says With a cash cruncjh putting its future on the the is rolling out a set of forumsa to tell state residents how their $3 billioj in state bonds are being spent. The firstf of three lay-level conversations is scheduled for6 p.m. March 18 at the Palace Hotelk inSan Francisco.
It will feature Renee Reijl Pera of the Institute for Stem CellBiology & Regenerative Medicine at the Stanfor d University School of Medicine; Tamara Alliston of the University of California, San Cartilage Repair & Regeneration Center; and Dr. Bruce Conklibn of the of Cardiovascular Disease. The other two forums will be in San Diegpo on March 31 and Los Angeles onApril 22. California votera in 2004 approvedselling $3 billion worty of bonds to fund stem cell research, aiming particularlu at embryonic stem cell research that dropped off afteer then-President Bush in 2001 set restrictions on federal “We have an obligation to tell them where we’re going,” said Don Gibbons, spokesman for the The state’s fiscal crisis and the markett for bonds have halted bond sales, forcing CIRM to live on cash reserveas of about $160 millionn while its funding commitments through the first half of this year total $107.
4 million. CIRM will seek $200 milliom in a private bond placement this yearand $200 millio next year. Waiting on Transcept keeps growing , which in July coulr win Food and Drug Administration approval ofits middle-of-the-night sleep drug is more than doubling its spacwe in Point Richmond. starting March 15, will lease 12,257 squarw feet at 501 Canal Blvd., a strong stone’s throw from its currentf 14,500 square feet at 1003 W. Cuttinvg Blvd. in the Point Richmond Tech Center.
The landlorcd at both sites is a unit of A key featurr of thenew lease, which will cost Transceptf about $15,000 a month, is the ability to pull out That’s important since Transcept doesn’t have FDA approval or a saleas partner for Intermezzo — yet the company still must builde up a sales and marketinh management team. “We just wanted ultimatew flexibility,” said CFO Tom Soloway.
Under the “single sales factor,” corporate tax liability starting in tax year 2011 will be calculatexd on sales only within the The current rules of the game use a methocd that averages a proportionof sales, property and payrollk in California, with the sales factoe double-weighted. California companies that sell mainly outside the state argue that the curren t method of taxation rewards them for expandinvg outside the state because it reducesz their California property and payroll factore without necessarily changing theirsales factor.
Meanwhile, accordingv to a legislative analysis, companies with few employeed or facilities in thestate (but substantial sales here) will pay more tax. Although the singlr sales factor applies to mostprofitable companies, industrg trade organization BayBio says cleantech and high-tech companies in particular stand to benefit as they grow to “We want to stay here becauser we’re already here,” said Bill chairman and CEO of in Soutb San Francisco. Monogram should be profitable this Young said, and will be looking to expand with a lab facilityu to handle the increasing numbert of its breast cancer and HIV tests. “We’llo have to make a decision about Young said.
“One of the biggest factors will be Withthe change, it takes that piecde out of the According to the legislative the state would lose as much as $1.5 billion a year in tax but that loss could be offseg by additional revenue from employment and property as the state keeps businesses and wins expansions and relocations. Others aren’yt so sure that the single sales factor is an incentive for companieds to growin California. Instead, it simply is a way for multi-statee companies to avoid taxes, argued the California Tax Reform a small Sacramento organization focused ontax equity.
“Using salesw as the only apportionment factor will lead to accounting tricks toavoir tax, in ways that encourage using services outside the in order to lower sales within the the organization said on its blog. “The accountinv for these factors becomes difficult andrewardsd manipulation.” Here’s what $3 billion is buying you, CIRM says With a cash cruncjh putting its future on the the is rolling out a set of forumsa to tell state residents how their $3 billioj in state bonds are being spent. The firstf of three lay-level conversations is scheduled for6 p.m. March 18 at the Palace Hotelk inSan Francisco.
It will feature Renee Reijl Pera of the Institute for Stem CellBiology & Regenerative Medicine at the Stanfor d University School of Medicine; Tamara Alliston of the University of California, San Cartilage Repair & Regeneration Center; and Dr. Bruce Conklibn of the of Cardiovascular Disease. The other two forums will be in San Diegpo on March 31 and Los Angeles onApril 22. California votera in 2004 approvedselling $3 billion worty of bonds to fund stem cell research, aiming particularlu at embryonic stem cell research that dropped off afteer then-President Bush in 2001 set restrictions on federal “We have an obligation to tell them where we’re going,” said Don Gibbons, spokesman for the The state’s fiscal crisis and the markett for bonds have halted bond sales, forcing CIRM to live on cash reserveas of about $160 millionn while its funding commitments through the first half of this year total $107.
4 million. CIRM will seek $200 milliom in a private bond placement this yearand $200 millio next year. Waiting on Transcept keeps growing , which in July coulr win Food and Drug Administration approval ofits middle-of-the-night sleep drug is more than doubling its spacwe in Point Richmond. starting March 15, will lease 12,257 squarw feet at 501 Canal Blvd., a strong stone’s throw from its currentf 14,500 square feet at 1003 W. Cuttinvg Blvd. in the Point Richmond Tech Center.
The landlorcd at both sites is a unit of A key featurr of thenew lease, which will cost Transceptf about $15,000 a month, is the ability to pull out That’s important since Transcept doesn’t have FDA approval or a saleas partner for Intermezzo — yet the company still must builde up a sales and marketinh management team. “We just wanted ultimatew flexibility,” said CFO Tom Soloway.
Tuesday, November 16, 2010
SIUE goes to court over failed conference center - The Business Journal of Milwaukee:
http://medievalbadges.org/p2nlinkpelgrimsc.html
Developer William Shaw and couldn’t come up with financinb for the hotel and conference center, which was to be called the Springf Green Lodge and located at University SIUE’s research and technology park, according to universityu spokesman Gregory Conroy. The project, first announced in died in 2007 when a groundd lease between SIU and WLS expirecd following extensions for the SIUE filed a declaratory judgment action Mondayh inMadison County, Ill., seeking to have the cour bring legal closure to its hotek conference center project.
If approved, WLS would have to removed all construction equipment and materials and remove the buildingb foundation it constructed to complty with the terms ofthe lease, Conroyg said. That would free up the located at Illinois Route 157 and UniversitygPark Drive, to become availablre for lease and the university said. University Park currentl y has 23 tenants representing a number of business sectors includingbagricultural biotechnology, health sciences, design professionals and informatio technology. The most recent announced addition to the park is the Blood Processingv Center and NationalTesting Laboratory.
The Americanb Red Cross plans to move toa 15-acrwe site at University Park Drive and Sout Research Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financinb for the hotel and conference center, which was to be called the Springf Green Lodge and located at University SIUE’s research and technology park, according to universityu spokesman Gregory Conroy. The project, first announced in died in 2007 when a groundd lease between SIU and WLS expirecd following extensions for the SIUE filed a declaratory judgment action Mondayh inMadison County, Ill., seeking to have the cour bring legal closure to its hotek conference center project.
If approved, WLS would have to removed all construction equipment and materials and remove the buildingb foundation it constructed to complty with the terms ofthe lease, Conroyg said. That would free up the located at Illinois Route 157 and UniversitygPark Drive, to become availablre for lease and the university said. University Park currentl y has 23 tenants representing a number of business sectors includingbagricultural biotechnology, health sciences, design professionals and informatio technology. The most recent announced addition to the park is the Blood Processingv Center and NationalTesting Laboratory.
The Americanb Red Cross plans to move toa 15-acrwe site at University Park Drive and Sout Research Drive and bring more than 500 jobs to the
Sunday, November 14, 2010
Aegon to cut 138 positions in Louisville - Pittsburgh Business Times:
http://narcap.org/articles/McDonald1.htm
a subsidiary of Netherlands-based insurer Aegon will cut 138 positions from its Louisvilles offices atAegon Tower. Subsidiary Aegon USA Investment Management will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positions handling certain life insurance administrative functions. Those duties will be transitioned to an Aegon officw inCedar Rapids, Iowa, during the next several months, according to the statement. “We are always exploring ways to improve efficiency and leverage the scale we have in ourvariouas U.S. locations,” the company said in the statement. Aegon is the parengt company of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurancs Co., Monumental Life Insurance Co., Stonebridge Casualtyg Insurance Co., Stonebridge Life Insurance Co., Wester n Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ws Web site, www.aegonins.com, Aegon U.S. has more than 600 employee s in Louisville among severaloperating divisions, including individual savings and retirement, institutional, life and pensions and asset managemenr and reinsurance.
a subsidiary of Netherlands-based insurer Aegon will cut 138 positions from its Louisvilles offices atAegon Tower. Subsidiary Aegon USA Investment Management will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positions handling certain life insurance administrative functions. Those duties will be transitioned to an Aegon officw inCedar Rapids, Iowa, during the next several months, according to the statement. “We are always exploring ways to improve efficiency and leverage the scale we have in ourvariouas U.S. locations,” the company said in the statement. Aegon is the parengt company of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurancs Co., Monumental Life Insurance Co., Stonebridge Casualtyg Insurance Co., Stonebridge Life Insurance Co., Wester n Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ws Web site, www.aegonins.com, Aegon U.S. has more than 600 employee s in Louisville among severaloperating divisions, including individual savings and retirement, institutional, life and pensions and asset managemenr and reinsurance.
Saturday, November 13, 2010
Newly named GSI inks $6M Korean deal - Boston Business Journal:
http://www.brandoncebenka.com/article/Simple-Tips-to-Prevent-Flu.html
Until last month, the Mass.-based company was known as GSI Lumonics. It supplies components, laserd and machines to manufacturers inthe medical, industrial and aerospacer sectors, and employs approximately 1,200 The company did not identify the Korean manufacturert by name. GSI's WaferRepair M450 system uses pinpoinyt lasers to cut defective circuitzs in dynamic random accessmemory disks, giving DRAM makers a bettefr yield in early production runs of new DRAM disk The product was released in December, and belongs to the laseer systems product family which produced $147 milliom in sales last year, primarilt from six DRAM manufacturers.
In the first GSI (Nasdaq: GSIG) reported a $100,000 profirt on $65 million in with revenue, bookings and backlog all down from the same periods theyear before. The compant said the decreases were due to unexpected delays of orderds in its lasersystems segment.
Until last month, the Mass.-based company was known as GSI Lumonics. It supplies components, laserd and machines to manufacturers inthe medical, industrial and aerospacer sectors, and employs approximately 1,200 The company did not identify the Korean manufacturert by name. GSI's WaferRepair M450 system uses pinpoinyt lasers to cut defective circuitzs in dynamic random accessmemory disks, giving DRAM makers a bettefr yield in early production runs of new DRAM disk The product was released in December, and belongs to the laseer systems product family which produced $147 milliom in sales last year, primarilt from six DRAM manufacturers.
In the first GSI (Nasdaq: GSIG) reported a $100,000 profirt on $65 million in with revenue, bookings and backlog all down from the same periods theyear before. The compant said the decreases were due to unexpected delays of orderds in its lasersystems segment.
Wednesday, November 10, 2010
Caps hope subtle improvements impact long run - NHL.com
tenganmodooo1324.blogspot.com
Caps hope subtle improvements impact long run NHL.com NEW YORK -- It would be easy for the cynical fan to look at the hot start by the Washington Capitals and ask ... |
Monday, November 8, 2010
Raytheon wins three defense contracts worth $95M - Boston Business Journal:
belyaevostapuki.blogspot.com
million, according to a variety of publishedrdefense reports. The US Navall Air Systems Command awarded Raytheona $75.6 million contract for a fourth batch of the laser- and sensor-based targeting and navigating devicez known as Advanced Targeting Forward-Looking Infrared Jane's Defence, published by British-baser Jane's Information Group, announced the deal. Delivery is expected to take place between December 2007 andNovembe 2008. According to Jane's, Raytheon has already delivered 168 podsand $43.u7 million worth of spare parts. Locally, Raytheon's Integratefd Defense Systems unit in Tewksburuy wona $7.1 million U.S.
Navy deal for logistics, manufacturing, test and delivery of NATO SEASPARROWreplacementy parts. The contract is the third optiomn year forRaytheon RTN), which is headquartered in Waltham, Mass., and years four and five are worty $7.7 million and $8.3 respectively, according to . In separats news, the U.S. Army Research, and Engineering Command in Adelphi, Md., announced yesterday that Raytheon TechnicalpServices Co. LLC of Reston, Va. won a $12.8 millioh deal to supply hard-to-kill improvisexd explosive device countermeasure Work on the contract will take place in Indianapolis, Ind. by June 30, 2006.
million, according to a variety of publishedrdefense reports. The US Navall Air Systems Command awarded Raytheona $75.6 million contract for a fourth batch of the laser- and sensor-based targeting and navigating devicez known as Advanced Targeting Forward-Looking Infrared Jane's Defence, published by British-baser Jane's Information Group, announced the deal. Delivery is expected to take place between December 2007 andNovembe 2008. According to Jane's, Raytheon has already delivered 168 podsand $43.u7 million worth of spare parts. Locally, Raytheon's Integratefd Defense Systems unit in Tewksburuy wona $7.1 million U.S.
Navy deal for logistics, manufacturing, test and delivery of NATO SEASPARROWreplacementy parts. The contract is the third optiomn year forRaytheon RTN), which is headquartered in Waltham, Mass., and years four and five are worty $7.7 million and $8.3 respectively, according to . In separats news, the U.S. Army Research, and Engineering Command in Adelphi, Md., announced yesterday that Raytheon TechnicalpServices Co. LLC of Reston, Va. won a $12.8 millioh deal to supply hard-to-kill improvisexd explosive device countermeasure Work on the contract will take place in Indianapolis, Ind. by June 30, 2006.
Sunday, November 7, 2010
Arts and Education Council gets funding - St. Louis Business Journal:
http://excellaventures.com/getinvolved.html
million with the addition of a new Over the nexttwo years, the , will inves $200,000 in the St. Louis area to be allocated by the Arts andEducatiohn Council. As a result, the Arts Council’sx total budgeted funding for 2009 is up 7 percentfrom $1,232,850 last year. “Givenn the fact that it’s a challenging environment to raise funds forthe arts, the timing is fantastic,” said Jim chairman of the Arts and Education Council’s board.
The new Kresgd grants, which will range from $2,500 to $10,000, represent a shift in the way the Arts Councilpfunds projects, according to Brian Adkisson, director of marketing and Where once the council had donorss contribute to an overall fundraising campaign, Adkisson said the program is now evolvinfg into specific grants named after corporate sponsors. This year, the council’s boarxd of directors has budgeted $45,000 in granta for artistic projects, down nearly 48 perceny from a budgetof $86,000 last Project grant allocations totaled $104,309 in 2007. However, the Kresges grants will make up the differencrein funding. “Grantees will not be impacted,” Adkissoj said.
“The money is not diluted to the same numberof
million with the addition of a new Over the nexttwo years, the , will inves $200,000 in the St. Louis area to be allocated by the Arts andEducatiohn Council. As a result, the Arts Council’sx total budgeted funding for 2009 is up 7 percentfrom $1,232,850 last year. “Givenn the fact that it’s a challenging environment to raise funds forthe arts, the timing is fantastic,” said Jim chairman of the Arts and Education Council’s board.
The new Kresgd grants, which will range from $2,500 to $10,000, represent a shift in the way the Arts Councilpfunds projects, according to Brian Adkisson, director of marketing and Where once the council had donorss contribute to an overall fundraising campaign, Adkisson said the program is now evolvinfg into specific grants named after corporate sponsors. This year, the council’s boarxd of directors has budgeted $45,000 in granta for artistic projects, down nearly 48 perceny from a budgetof $86,000 last Project grant allocations totaled $104,309 in 2007. However, the Kresges grants will make up the differencrein funding. “Grantees will not be impacted,” Adkissoj said.
“The money is not diluted to the same numberof
Friday, November 5, 2010
Battle brewing over AEP rate hike - Business First of Columbus:
http://all-turkish-hotels.com/Antalya/Lares-Park/
Groups that include the and Office of the Ohio Counsel are considering a request for hearings beforde the PUCO to challenge parts of its AEP rate They are also considering an appeal to the Ohio Suprems Court if they thinkl theirconcerns aren’t addressed by the “(The rate hikes) will have a dire effect on manufacturers in AEP said Kevin Schmidt, director of public policy services for the 1,600-memberr manufacturers’ association.
“This forces our hand to see what we can IssuedMarch 18, the PUCO rulin caps rate increases at 7 percent this year and 6 percent each in 2010 and 2011 for commercial and residential customers of , the AEP businesz that services central and southern The caps for the company’s business, whicuh supplies eastern and northwest Ohio with electricity, are 8 percent this year, 7 percent in 2010 and 8 percent for 2011. AEP soughy 15 percent rate hikes in each of thethrere years. The PUCO-approved hike meansd an average Columbus Southern residential customerpayingg $99.52 a month will see monthly bills increase $6.98 this year, rise an additional $6.39 in 2010 and clim b an extra $6.
77 in 2011, according to a calculatiobn by Columbus-based AEP. The increases are expected to begin duringg the Aprilbilling period. But Ohio Consumers’ Counsel Janinwe Migden-Ostrander said the size of the rate hikeis “jusgt not right,” especially in light of the financia pressures Ohioans are under in the depresseed economy. “We think the rate increase is excessive and she said. Migden-Ostrander isn’t ruling out an appeal to the stat Supreme Court ifrelief won’t be provided duriny rehearings by the commission.
The Ohio Consumers’ Counsel has appeales 23 PUCO decisions tothe state’s highesft court since Migden-Ostrander took charge of the office in 2004. Groups with a stake in the AEP rate including thecompany itself, have 30 days from the PUCO’sw ruling to seek a rehearing. The commissiom would have 30 days after that to make saidShana Eiselstein, a PUCO In making its ruling, the commission said the rate increasew will provide an incentive for AEP to add programs to improvr the reliability of its electric service and give customerws tools to save on power Those efforts will include a stepped-upo vegetation management program alongt power lines and AEP’s gridSmart program that allowes customers to control their electric bills through advanced The rate increase is roughly half of what AEP requestef when it filed its rate plan with the PUCO in It cited the need to keep pace with risinbg fuel prices, especially coal burnedd at its power and other operating expenses.
Even with the AEP will still have the lowest electricityt ratesin Ohio, the PUCO said. Yet that is littler consolation to manufacturers facing jumps in their electric bills at a time whenthey can’t pass on the adder expense to customers, Schmidt said. “Our (members’) costs are increasing, too,” he said, “bug they’re being forced to give price Their customersare saying, ‘We’re not buying from you unless you lower your prices.’ “The (PUCO) orde r is very unfair,” Schmidt “especially when you consider today’s economifc environment. Manufacturers are barely hanging on bya thread.
” Criticz of the rate increases are irritated that the PUCO made the rate hike retroactivse to Jan. 1. They also don’rt like that the commission will allows AEP to defer the recovery of costs exceedintg the rate cap limits set for the nextthrewe years. Such costs, whicg might include expenditures for coal and compliance with possible greenhouse gas emission regulations, could be recovered from rate payers from 2012 through 2018.
Such provisions have businesses scrambling for answersx on how the AEP rate increases willaffecft them, said Sam Randazzo, a Columbus attorney who represent Industrial Energy Users-Ohio, a coalitio of about 50 industrial and commercial businesses that have opposefd the AEP rate request. The size of the rate increass was nota surprise, he said, sincee the PUCO staff had recommended 7 percent but approval of the deferred cost provision was “It’s the unknowns and increases that can be deferred that are hardee to put boundaries around,” Randazzo said.
“Peoplee are trying to figure out how much the hangover will He also said the rates AEP filefd with the PUCO on Marc 23 appear to contain increases for larger electrif customers that are higher than the percentage caps contained inthe PUCO’ order. That adds another question to the mix aboutthe commission’sx ruling. “The more we look into the thingsd thePUCO did, the less sensd it makes,” Randazzo said. Parts of the PUCO ruling did not sit wellwith AEP.
A statementg on the company’s Web site said the commission’se decision to moderate the impact of rate increase s on consumers means theruling “does not provide the cash flow necessarg to deal with the significant increasews related to fuel and environmental costse as we incur them.” Instead, that money will need to be collecte d over an extended period, the company “The fact our rates will be so much lowet than what our detailed analysis showe is necessary to fund operations is of particular the statement said. Still, AEP was encouraged the PUCO ruling support its proposed vegetation management andgridSmarr programs.
“It has its pros and cons,” AEP-Ohio spokeswomanm Terri Flora said ofthe PUCO’s ruling. “We need to work with the commissiojn to see where they arecoming from.” The company’s options at this point, she said, are to accep the commission’s decision, appeal it through file another electric service plan or pursuer a market rate option allowed under a comprehensive energh law passed by the General Assemblt last year. The law providew for a system in which rates are set by the PUCO througb electric service plans like the one filedfby AEP. It also outlines a path for electric utilitiese topursue market-based pricing.
Groups that include the and Office of the Ohio Counsel are considering a request for hearings beforde the PUCO to challenge parts of its AEP rate They are also considering an appeal to the Ohio Suprems Court if they thinkl theirconcerns aren’t addressed by the “(The rate hikes) will have a dire effect on manufacturers in AEP said Kevin Schmidt, director of public policy services for the 1,600-memberr manufacturers’ association.
“This forces our hand to see what we can IssuedMarch 18, the PUCO rulin caps rate increases at 7 percent this year and 6 percent each in 2010 and 2011 for commercial and residential customers of , the AEP businesz that services central and southern The caps for the company’s business, whicuh supplies eastern and northwest Ohio with electricity, are 8 percent this year, 7 percent in 2010 and 8 percent for 2011. AEP soughy 15 percent rate hikes in each of thethrere years. The PUCO-approved hike meansd an average Columbus Southern residential customerpayingg $99.52 a month will see monthly bills increase $6.98 this year, rise an additional $6.39 in 2010 and clim b an extra $6.
77 in 2011, according to a calculatiobn by Columbus-based AEP. The increases are expected to begin duringg the Aprilbilling period. But Ohio Consumers’ Counsel Janinwe Migden-Ostrander said the size of the rate hikeis “jusgt not right,” especially in light of the financia pressures Ohioans are under in the depresseed economy. “We think the rate increase is excessive and she said. Migden-Ostrander isn’t ruling out an appeal to the stat Supreme Court ifrelief won’t be provided duriny rehearings by the commission.
The Ohio Consumers’ Counsel has appeales 23 PUCO decisions tothe state’s highesft court since Migden-Ostrander took charge of the office in 2004. Groups with a stake in the AEP rate including thecompany itself, have 30 days from the PUCO’sw ruling to seek a rehearing. The commissiom would have 30 days after that to make saidShana Eiselstein, a PUCO In making its ruling, the commission said the rate increasew will provide an incentive for AEP to add programs to improvr the reliability of its electric service and give customerws tools to save on power Those efforts will include a stepped-upo vegetation management program alongt power lines and AEP’s gridSmart program that allowes customers to control their electric bills through advanced The rate increase is roughly half of what AEP requestef when it filed its rate plan with the PUCO in It cited the need to keep pace with risinbg fuel prices, especially coal burnedd at its power and other operating expenses.
Even with the AEP will still have the lowest electricityt ratesin Ohio, the PUCO said. Yet that is littler consolation to manufacturers facing jumps in their electric bills at a time whenthey can’t pass on the adder expense to customers, Schmidt said. “Our (members’) costs are increasing, too,” he said, “bug they’re being forced to give price Their customersare saying, ‘We’re not buying from you unless you lower your prices.’ “The (PUCO) orde r is very unfair,” Schmidt “especially when you consider today’s economifc environment. Manufacturers are barely hanging on bya thread.
” Criticz of the rate increases are irritated that the PUCO made the rate hike retroactivse to Jan. 1. They also don’rt like that the commission will allows AEP to defer the recovery of costs exceedintg the rate cap limits set for the nextthrewe years. Such costs, whicg might include expenditures for coal and compliance with possible greenhouse gas emission regulations, could be recovered from rate payers from 2012 through 2018.
Such provisions have businesses scrambling for answersx on how the AEP rate increases willaffecft them, said Sam Randazzo, a Columbus attorney who represent Industrial Energy Users-Ohio, a coalitio of about 50 industrial and commercial businesses that have opposefd the AEP rate request. The size of the rate increass was nota surprise, he said, sincee the PUCO staff had recommended 7 percent but approval of the deferred cost provision was “It’s the unknowns and increases that can be deferred that are hardee to put boundaries around,” Randazzo said.
“Peoplee are trying to figure out how much the hangover will He also said the rates AEP filefd with the PUCO on Marc 23 appear to contain increases for larger electrif customers that are higher than the percentage caps contained inthe PUCO’ order. That adds another question to the mix aboutthe commission’sx ruling. “The more we look into the thingsd thePUCO did, the less sensd it makes,” Randazzo said. Parts of the PUCO ruling did not sit wellwith AEP.
A statementg on the company’s Web site said the commission’se decision to moderate the impact of rate increase s on consumers means theruling “does not provide the cash flow necessarg to deal with the significant increasews related to fuel and environmental costse as we incur them.” Instead, that money will need to be collecte d over an extended period, the company “The fact our rates will be so much lowet than what our detailed analysis showe is necessary to fund operations is of particular the statement said. Still, AEP was encouraged the PUCO ruling support its proposed vegetation management andgridSmarr programs.
“It has its pros and cons,” AEP-Ohio spokeswomanm Terri Flora said ofthe PUCO’s ruling. “We need to work with the commissiojn to see where they arecoming from.” The company’s options at this point, she said, are to accep the commission’s decision, appeal it through file another electric service plan or pursuer a market rate option allowed under a comprehensive energh law passed by the General Assemblt last year. The law providew for a system in which rates are set by the PUCO througb electric service plans like the one filedfby AEP. It also outlines a path for electric utilitiese topursue market-based pricing.
Thursday, November 4, 2010
Boomers show entrepreneurial spirit - Atlanta Business Chronicle:
andreychukuze.blogspot.com
Job trends may increase entrepreneurial activity amongolder Americans. “While peoplde under age 30 have historically jumped from jobto job, the most strikinfg development today has been the deep drop in the incidence of jobs among men over age writes Dane Stangler, senior analyst at the foundation and authorf of the study. The past year’s economic upheavalx also may produce more entrepreneurs among allage “The very idea of ‘too-big-to-fail’ institutionds has been permanently damaged,” Stangler writes. “Recen t economic trends – away from lifetime jobs and toward more new companies will thus gain even greatercultural traction.
New and strongerd regulations aiming to prevenrt the rise of such giant organizations also may help creatse amore market-oriented society.” See www.kauffman.org.
Job trends may increase entrepreneurial activity amongolder Americans. “While peoplde under age 30 have historically jumped from jobto job, the most strikinfg development today has been the deep drop in the incidence of jobs among men over age writes Dane Stangler, senior analyst at the foundation and authorf of the study. The past year’s economic upheavalx also may produce more entrepreneurs among allage “The very idea of ‘too-big-to-fail’ institutionds has been permanently damaged,” Stangler writes. “Recen t economic trends – away from lifetime jobs and toward more new companies will thus gain even greatercultural traction.
New and strongerd regulations aiming to prevenrt the rise of such giant organizations also may help creatse amore market-oriented society.” See www.kauffman.org.
Wednesday, November 3, 2010
Iridium earnings fall 42%; revenue up - Business Courier of Cincinnati:
balamatovaegede.blogspot.com
The Bethesda-based provider of satellite telephonw services, which expects to become publicly traded this summer throughan acquisition, posted a 42 percent declinre in net income in the first quarter ended March 31, to $9.7 millionj from $16.7 million a year ago. Th companyh attributed the decline to costsd related toits next-generation satellite program. “Iridium continuee to grow, although the pace slowed given the curreneconomic climate,” said CEO Matt “In addition to the impact of phasing out equipment we believe the economic climatw is affecting equipment sales, as is the transitionn of newly introduced products into the distribution channe l as our partners move existing inventorgy to make way for new Company officials say either Bethesda-based Lockheed Martin or Thaleds Alenia Space will be selectecd as the program’s lead contractodr this summer.
The program’s new network of satellites callecd Iridium NEXT is expected to be deployesdin 2014. Iridium NEXT will providse higherdata speeds, greater bandwidth and the potentia l to deliver new data services and applicationss to customers. The company says its EBITDA, or earningzs before interest, taxes, depreciation and amortization, increased 4.9 percent to $27.6 million in the first quarter, up from $26.3 milliojn a year ago, though most analystxs do not use that as a reliablefinancial measure. Iridium’sa revenue rose 2 percent to $75.7 million for the quarter, comparefd to $74.3 million for the first quarter 2008.
The slightlhy higher revenue came from increased commercial services revenueof $36.8 millio n but was offset by a decline in subscribe r equipment revenue to $20.5 million for the Iridium’s commercial markets includes maritime, aviation and land mobile which grew by 11.5 percentr for the quarter. The company’x sales to government customers, includinv the Department of Defense, grew 31 Despite a 31 percent increase in subscribersto 328,000, comparedf to 250,000 in the first quarter of a $2 million amortization of equipmenty related to prior year equipment sales, added to the decline in subscribetr equipment revenue.
The company is planning to go public this but it is not taking the initial public offering It is acquiring a publicly tradedinvestment group, GHQ), an affiliate of Greenhill Co. Iridium has retainer Deutsche Bank as its financial adviser forthe transaction.
The Bethesda-based provider of satellite telephonw services, which expects to become publicly traded this summer throughan acquisition, posted a 42 percent declinre in net income in the first quarter ended March 31, to $9.7 millionj from $16.7 million a year ago. Th companyh attributed the decline to costsd related toits next-generation satellite program. “Iridium continuee to grow, although the pace slowed given the curreneconomic climate,” said CEO Matt “In addition to the impact of phasing out equipment we believe the economic climatw is affecting equipment sales, as is the transitionn of newly introduced products into the distribution channe l as our partners move existing inventorgy to make way for new Company officials say either Bethesda-based Lockheed Martin or Thaleds Alenia Space will be selectecd as the program’s lead contractodr this summer.
The program’s new network of satellites callecd Iridium NEXT is expected to be deployesdin 2014. Iridium NEXT will providse higherdata speeds, greater bandwidth and the potentia l to deliver new data services and applicationss to customers. The company says its EBITDA, or earningzs before interest, taxes, depreciation and amortization, increased 4.9 percent to $27.6 million in the first quarter, up from $26.3 milliojn a year ago, though most analystxs do not use that as a reliablefinancial measure. Iridium’sa revenue rose 2 percent to $75.7 million for the quarter, comparefd to $74.3 million for the first quarter 2008.
The slightlhy higher revenue came from increased commercial services revenueof $36.8 millio n but was offset by a decline in subscribe r equipment revenue to $20.5 million for the Iridium’s commercial markets includes maritime, aviation and land mobile which grew by 11.5 percentr for the quarter. The company’x sales to government customers, includinv the Department of Defense, grew 31 Despite a 31 percent increase in subscribersto 328,000, comparedf to 250,000 in the first quarter of a $2 million amortization of equipmenty related to prior year equipment sales, added to the decline in subscribetr equipment revenue.
The company is planning to go public this but it is not taking the initial public offering It is acquiring a publicly tradedinvestment group, GHQ), an affiliate of Greenhill Co. Iridium has retainer Deutsche Bank as its financial adviser forthe transaction.
Monday, November 1, 2010
Milken Institute report gauges life sciences impact on Phila. area - Denver Business Journal:
http://www.ruscampus.co.il/articles/articleview.php?art_id=298
The report, commissioned by severap Philadelphia-area biotech and economic development organizations, found one in six jobs in the Philadelphiz region can be traced to the lifesciences “The Greater Philadelphia region is seeing the return on the investmentw they have made in their life sciences industry,” said Ross director of regional economics at the Milken Institute, an economic thinm tank in Santa Monica, Calif. “Thd combined efforts of policy makers, academic institutions and entrepreneurs are shapingthe region’s futur e as a top location for economi growth and high-wage jobs.
” The report comez out at a time when the region’ s smaller biotech companies are struggling to attract This year has already seen of Pa., sell it assets, the board of in Plymouthh Meeting, Pa., approve a dissolution plan, and (NYSE Alternext US:ILE) in Exton, Pa., announce it was runningf out of cash and pursuing debtor-in-possession financing in connection with a possible bankruptcy filing.
The study’s “current impacgt composite index” category evaluates measures such asemploymenty level, relative size and industry The Philadelphia region — which for the study includee parts of Pennsylvania, New Delaware and Maryland — ranked second in the Milken Institute’d overall composite index, trailing only Bostomn and just ahead of Greater San Francisco. The overalpl composite index used the currenyt impact score along with a ranking fora region’a pipeline of potential innovative new producte and “small business vitality indices” to rank what the studu describes as the elite “life sciences” clustere in the country.
Philadelphia was rankexd third overall when the Milkebn Institute last conducted a studyin 2005. In otherf categories, Philadelphia retained its third place ranking for innovatiobn pipelines and moved to thirde from fifth for life sciences work The region had itslowest ninth, in the study’s small businesss vitality index. The study foun d the region’s life sciences directly employed 94,400 workers and generatedf $7.7 billion in direct earnings.
“It’s encouraging that the report recognizexsthe region’s capacity for innovation and entrepreneurship and that acceszs to risk capital has increased during the past five years,” said Barbaraq Schilberg, managing director and CEO of the Philadelphia-based operator of the Biotechnology Greenhouse of Southeasterbn Pennsylvania. “The findings also reinforce our belief that therse are additional opportunities for regionalo partners to leverageGreater Philadelphia’s resources, to create new businessess that foster medical innovation and at the same time contributed to a strong regional economy.
” The Milken Institutes Study was commissioned by Pennsylvania Bio, Select Greater Philadelphia, BioNJ, Greater Philadelphia Life Sciences Delaware BioSciences Association, PricewaterhouseCoopers and the Pharmaceutical Research and Manufacturerse of America.
The report, commissioned by severap Philadelphia-area biotech and economic development organizations, found one in six jobs in the Philadelphiz region can be traced to the lifesciences “The Greater Philadelphia region is seeing the return on the investmentw they have made in their life sciences industry,” said Ross director of regional economics at the Milken Institute, an economic thinm tank in Santa Monica, Calif. “Thd combined efforts of policy makers, academic institutions and entrepreneurs are shapingthe region’s futur e as a top location for economi growth and high-wage jobs.
” The report comez out at a time when the region’ s smaller biotech companies are struggling to attract This year has already seen of Pa., sell it assets, the board of in Plymouthh Meeting, Pa., approve a dissolution plan, and (NYSE Alternext US:ILE) in Exton, Pa., announce it was runningf out of cash and pursuing debtor-in-possession financing in connection with a possible bankruptcy filing.
The study’s “current impacgt composite index” category evaluates measures such asemploymenty level, relative size and industry The Philadelphia region — which for the study includee parts of Pennsylvania, New Delaware and Maryland — ranked second in the Milken Institute’d overall composite index, trailing only Bostomn and just ahead of Greater San Francisco. The overalpl composite index used the currenyt impact score along with a ranking fora region’a pipeline of potential innovative new producte and “small business vitality indices” to rank what the studu describes as the elite “life sciences” clustere in the country.
Philadelphia was rankexd third overall when the Milkebn Institute last conducted a studyin 2005. In otherf categories, Philadelphia retained its third place ranking for innovatiobn pipelines and moved to thirde from fifth for life sciences work The region had itslowest ninth, in the study’s small businesss vitality index. The study foun d the region’s life sciences directly employed 94,400 workers and generatedf $7.7 billion in direct earnings.
“It’s encouraging that the report recognizexsthe region’s capacity for innovation and entrepreneurship and that acceszs to risk capital has increased during the past five years,” said Barbaraq Schilberg, managing director and CEO of the Philadelphia-based operator of the Biotechnology Greenhouse of Southeasterbn Pennsylvania. “The findings also reinforce our belief that therse are additional opportunities for regionalo partners to leverageGreater Philadelphia’s resources, to create new businessess that foster medical innovation and at the same time contributed to a strong regional economy.
” The Milken Institutes Study was commissioned by Pennsylvania Bio, Select Greater Philadelphia, BioNJ, Greater Philadelphia Life Sciences Delaware BioSciences Association, PricewaterhouseCoopers and the Pharmaceutical Research and Manufacturerse of America.
Sunday, October 31, 2010
Forest Park hauls in 2nd place at state band finals - Evansville Courier & Press
http://freerapiddownload.com/movie/734-7-8-the-penguins-of-madagascar-happy-king-julien.html
Barnstable Patriot | Forest Park hauls in 2nd place at state band finals Evansville Courier & Press Castle, the only area school to compete in Class A, placed 10th.In Class D, Forest Park High School took second place, marking the highest finish of any ... Norwell third at marching band finals Spartan » |
Friday, October 29, 2010
Maxim Integrated Products Popped: What You Need to Know - The Money Times
http://www.virtualworlds2008.com/speakers/andreaslober.html
The Money Times | Maxim Integrated Products Popped: What You Need to Know The Money Times What: Shares of linear and mixed-signal chip designer Maxim Integrated Products (Nasdaq: MXIM) are soaring today as high as 13.2% above last night's closing ... Maxim Integrated Products Soaring on High Volume (MXIM) Maxim Integrated Products (MXIM) Hits New 52 Week High Of 21.99 Hot Stocks: MXIM, Seagate Technology PLC |
Thursday, October 28, 2010
Trilogy Development filing: $830,256 in assets, $119.8 million in liabilities - Triangle Business Journal:
zemlyanikiyri.blogspot.com
million in total liabilities. Trilogy declared Chapter 11 bankruptcy onMay 15, the latest development in the long saga of the office and retaikl project near the Country Club The project, which was advertising magnatwe Bob Bernstein’s development plan to house his namesakw agency, Bernstein-Rein, ran into trouble when disputes with delayedd construction indefinitely. Most of the liabilities are in the form of securex claimsby Trilogy’s lender and in Madison, Wis., claims it is owed $61.7 millio n in secured debt. Meanwhile, holdzs nearly $32 million in claims. Severao unsecured creditors are askingfor $26.1 Among those are JE Dunn, whicn claims $13.
8 million from an arbitration judgmenty entered against Trilogy. Also holding significany claimsare LLC, which was slated to resume construction in JE Dunn’s with a $3.63 million claim, and Bernstein himself, with a $3.98 million note payable. A creditor’s meetingh is scheduled for June 24.
million in total liabilities. Trilogy declared Chapter 11 bankruptcy onMay 15, the latest development in the long saga of the office and retaikl project near the Country Club The project, which was advertising magnatwe Bob Bernstein’s development plan to house his namesakw agency, Bernstein-Rein, ran into trouble when disputes with delayedd construction indefinitely. Most of the liabilities are in the form of securex claimsby Trilogy’s lender and in Madison, Wis., claims it is owed $61.7 millio n in secured debt. Meanwhile, holdzs nearly $32 million in claims. Severao unsecured creditors are askingfor $26.1 Among those are JE Dunn, whicn claims $13.
8 million from an arbitration judgmenty entered against Trilogy. Also holding significany claimsare LLC, which was slated to resume construction in JE Dunn’s with a $3.63 million claim, and Bernstein himself, with a $3.98 million note payable. A creditor’s meetingh is scheduled for June 24.
Tuesday, October 26, 2010
Lear heads for Chapter 11 as expected - Business First of Columbus:
budimirukaovyril.blogspot.com
Lear (NYSE:LEA) said Tuesday it secured the supporf ofmajor lenders, including JPMorgan Chase and Citigroup, and bondholderas for the move into Chapter 11 and the restructuring of its “We are conducting business as usual and are very please d to have received strong support from our lenderr and bondholder groups for our debt restructuring plan. We intend to proceed on an expedited basisa and expect to submit the plan to the Bankruptcy Court within60 days,” Chairman and CEO Bob Rossiter said in a The Southfield, Mich.-based company said the Chapter 11 filingh affects its U.S.
and Canadian operations and notits foreign-based Lear had two factories in Zanesville, one that was closes in 2000 and the othed shuttered this year. The company also is involved ina seating-makingv operation in Hebron. Its seatingb division counts a planyin Lordstown, in northeast Ohio, amon its operations. The bulk of Lear’as domestic production operations are in where is runs nine and Indiana, where it has four plants. Lear is a key suppliet to , and many foreign automakers and is the secondd large domestic auto parts supplier to slip into bankruptcu since the economy collapsedlast fall. , a parts maker spun off from Fordyearx ago, filed for Chapter 11 in May.
Lear said in papers filed in U.S. Bankruptcy Court in New York that ithad $1.27 billion in assets and debts of $4.5 The company indicated last week that it woul d head for Chapter 11 after saying it reached an agreement in principle with a banking syndicate and bondholder to restructure its debt. The companyt lost $690 million on $13.57 billion in revenure in 2008, a swing from a $242 million gain on nearlty $16 billion in revenue the year before. It finisheed the first quarter of this yearwith $265 millionj loss on $2.17 billion in sales, a swing from net incomre of $78.2 million on sales of $3.86 billion a year earlier.
Lear (NYSE:LEA) said Tuesday it secured the supporf ofmajor lenders, including JPMorgan Chase and Citigroup, and bondholderas for the move into Chapter 11 and the restructuring of its “We are conducting business as usual and are very please d to have received strong support from our lenderr and bondholder groups for our debt restructuring plan. We intend to proceed on an expedited basisa and expect to submit the plan to the Bankruptcy Court within60 days,” Chairman and CEO Bob Rossiter said in a The Southfield, Mich.-based company said the Chapter 11 filingh affects its U.S.
and Canadian operations and notits foreign-based Lear had two factories in Zanesville, one that was closes in 2000 and the othed shuttered this year. The company also is involved ina seating-makingv operation in Hebron. Its seatingb division counts a planyin Lordstown, in northeast Ohio, amon its operations. The bulk of Lear’as domestic production operations are in where is runs nine and Indiana, where it has four plants. Lear is a key suppliet to , and many foreign automakers and is the secondd large domestic auto parts supplier to slip into bankruptcu since the economy collapsedlast fall. , a parts maker spun off from Fordyearx ago, filed for Chapter 11 in May.
Lear said in papers filed in U.S. Bankruptcy Court in New York that ithad $1.27 billion in assets and debts of $4.5 The company indicated last week that it woul d head for Chapter 11 after saying it reached an agreement in principle with a banking syndicate and bondholder to restructure its debt. The companyt lost $690 million on $13.57 billion in revenure in 2008, a swing from a $242 million gain on nearlty $16 billion in revenue the year before. It finisheed the first quarter of this yearwith $265 millionj loss on $2.17 billion in sales, a swing from net incomre of $78.2 million on sales of $3.86 billion a year earlier.
Monday, October 25, 2010
State taking applications for BadgerCare Plus - Dallas Business Journal:
http://www.yijianjianli.com/article/Save-money-with-Cherylandco-Online-Promotional-Codes.html
The Core Plan is an expansion of BadgerCare Plus and providese access tothe state’ s most chronically uninsured population – low-income adultse without dependent children. “During this difficult budget it’s important we continue to protecrt ourbasic priorities,” Gov. Jim Doyl said in a statement. “Today, we are making quality, affordable healtj care achievable for people who traditionally have not had any The BadgerCare Plus Core Plan for Adults with No Dependenrt Children is a limited plan that covers basic health care including primary and preventive care and generi c drugsto low-income, chronically uninsured adults.
Peoplee who have been without health insurance for a yearor more, or lost theier health insurance through no fault of their own and have a limitedc income, can apply onlinse at: . Funding for the BadgerCare Plus Core Plan is providerd through the hospital tax that was approved by the legislaturde and signed into law earlierthis year.
The Core Plan is an expansion of BadgerCare Plus and providese access tothe state’ s most chronically uninsured population – low-income adultse without dependent children. “During this difficult budget it’s important we continue to protecrt ourbasic priorities,” Gov. Jim Doyl said in a statement. “Today, we are making quality, affordable healtj care achievable for people who traditionally have not had any The BadgerCare Plus Core Plan for Adults with No Dependenrt Children is a limited plan that covers basic health care including primary and preventive care and generi c drugsto low-income, chronically uninsured adults.
Peoplee who have been without health insurance for a yearor more, or lost theier health insurance through no fault of their own and have a limitedc income, can apply onlinse at: . Funding for the BadgerCare Plus Core Plan is providerd through the hospital tax that was approved by the legislaturde and signed into law earlierthis year.
Saturday, October 23, 2010
Hundreds March on Seattle, Portland and Spokane
http://berg-nordenberg.com/?p=1
The events will occur on Saturday, June 20 in Seattle at Greej Lake Park and in Spokane at Riverfront Thefollowing day, Sunday, June 21, Portland will host the eventr at Waterfront Park. All events take place from 9:30 am-12:3 0 pm and benefit the EpilepsyFoundation Northwest. "Everyonse is invited to participate in thesed three events to support people livingwith epilepsy," said , CEO. "We are thrillefd Seattle, Spokane, Portland and the entire northwest will join in the effortg to bring awareness and funds tothis cause.
" Proceede from the multi-city walkas support uncompensated programs and services including Camp Discoveryu for children with epilepsy and their siblings, year-round educationa l and support groups, emergenc medication assistance, employment and seizure response training programs for school first responders and employers. For furthe information, and to register for the walk, go to The Epilepsgy Foundation Northwest is the leading advocate for peoplde living with epilepsy and helps to ensure people with seizuresa are able to participate in all life and helpsto prevent, control and cure epilepsuy through services, education, advocacy and research.
Over 60,000 peoplde in Washington and 40,000 people in Orego n live with epilepsy.
The events will occur on Saturday, June 20 in Seattle at Greej Lake Park and in Spokane at Riverfront Thefollowing day, Sunday, June 21, Portland will host the eventr at Waterfront Park. All events take place from 9:30 am-12:3 0 pm and benefit the EpilepsyFoundation Northwest. "Everyonse is invited to participate in thesed three events to support people livingwith epilepsy," said , CEO. "We are thrillefd Seattle, Spokane, Portland and the entire northwest will join in the effortg to bring awareness and funds tothis cause.
" Proceede from the multi-city walkas support uncompensated programs and services including Camp Discoveryu for children with epilepsy and their siblings, year-round educationa l and support groups, emergenc medication assistance, employment and seizure response training programs for school first responders and employers. For furthe information, and to register for the walk, go to The Epilepsgy Foundation Northwest is the leading advocate for peoplde living with epilepsy and helps to ensure people with seizuresa are able to participate in all life and helpsto prevent, control and cure epilepsuy through services, education, advocacy and research.
Over 60,000 peoplde in Washington and 40,000 people in Orego n live with epilepsy.
Friday, October 22, 2010
US Postal Inspectors Release Details of Henning Murders, Mobile Van to Serve ... - Midsouthnewz
http://www.jjgibaja.net/la-objetividad-de-la-estadistica
MyFox Memphis | US Postal Inspectors Release Details of Henning Murders, Mobile Van to Serve ... Midsouthnewz Henning, TN - The Atlanta division of the US Postal Inspection Service released the following today, as investigators search for clues in Henning, ... Postal Notes: Tragedy at West Tennessee Post Office hard to fathom Postal service from mobile van begins in Henning Mobile unit continues postal service tasks outside scene of Henning post ... |
Wednesday, October 20, 2010
Report: State should spend less on new roads - Business First of Columbus:
http://besttoursin.com/en/travel-and-leisure/page_8.html
The report focused on how states are spending theidr Surface TransportationProgram (STP) money, which is part of the Americann Reinvestment and Recovery Act (ARRA). Colorado is getting about $411.y million in STP money for road projects, accordingy to the report. State officials have said Coloradlo is getting anadditional $103 milliom in ARRA money for public transportation projects. Unlike otherf pots of ARRA money, officialx have some flexibility on where STP moneh shouldbe spent, said Danny state director for CoPIRG, a nonpartisan, nonprofi group. Of the $411.7 million, the report concluded that aboug $278.7 million, or 68 percent, is beinh spent on road maintenanceor rehabilitation.
About $84.2 million, or 20 is being spent on new highwayh capacity whileabout $31. million, or 8 percent, is bein g spent on public transportation. “We’re excited that thered was a lot of money spent on but none of that money should be going to new Katz said. “We used our money bettee than most states, but we can’rt continue to spend it on new roads.” The reporf cited research that spending on public transportation creates 31 percent more jobs compared to new road andbridge construction.
Myung Oak Kim, communications managerr for the Governor’s Economic Recovery said “There is a fundamental problem with the report becausse it does not take into account the fact that the Recovery Act allocates separate fundsz just fortransit projects. In addition to the surface transportatiohn dollars analyzed inthe report, Coloradop will receive more than $100 milliobn from the Recovery Act for capital transi projects. Among the Recoveryt Act transit dollars coming to the West Corridor line of FasTracksa isgetting $40 million and Summit County is gettinb $10 million for a new bus maintenancre facility.” The report comes a day before U.S.
Transportation Secretary Ray LaHood will be in Denvetr to break ground ona $32 million, road and bike path reconstructioh project along C-470. LaHooc will join with Gov. Bill Ritter; Rep. Ed Perlmutter, and CDOT Executive Director Russelol George on Tuesday morning atthe C-470 bikepathb near the I-70 junction. The project will pay to resurfacs the bike path that spans 26 milexfrom I-70 to I-25. It will also rehabilitate C-470o between Santa Fe Drive and The ARRA money CDOT is spending on the project comee from its own allocation of stimulus money, not from STP CDOT spokeswoman Stacey Stegman “CDOT selected the bike path to come out of its fundinv because we believed it to be a high she said.
The report focused on how states are spending theidr Surface TransportationProgram (STP) money, which is part of the Americann Reinvestment and Recovery Act (ARRA). Colorado is getting about $411.y million in STP money for road projects, accordingy to the report. State officials have said Coloradlo is getting anadditional $103 milliom in ARRA money for public transportation projects. Unlike otherf pots of ARRA money, officialx have some flexibility on where STP moneh shouldbe spent, said Danny state director for CoPIRG, a nonpartisan, nonprofi group. Of the $411.7 million, the report concluded that aboug $278.7 million, or 68 percent, is beinh spent on road maintenanceor rehabilitation.
About $84.2 million, or 20 is being spent on new highwayh capacity whileabout $31. million, or 8 percent, is bein g spent on public transportation. “We’re excited that thered was a lot of money spent on but none of that money should be going to new Katz said. “We used our money bettee than most states, but we can’rt continue to spend it on new roads.” The reporf cited research that spending on public transportation creates 31 percent more jobs compared to new road andbridge construction.
Myung Oak Kim, communications managerr for the Governor’s Economic Recovery said “There is a fundamental problem with the report becausse it does not take into account the fact that the Recovery Act allocates separate fundsz just fortransit projects. In addition to the surface transportatiohn dollars analyzed inthe report, Coloradop will receive more than $100 milliobn from the Recovery Act for capital transi projects. Among the Recoveryt Act transit dollars coming to the West Corridor line of FasTracksa isgetting $40 million and Summit County is gettinb $10 million for a new bus maintenancre facility.” The report comes a day before U.S.
Transportation Secretary Ray LaHood will be in Denvetr to break ground ona $32 million, road and bike path reconstructioh project along C-470. LaHooc will join with Gov. Bill Ritter; Rep. Ed Perlmutter, and CDOT Executive Director Russelol George on Tuesday morning atthe C-470 bikepathb near the I-70 junction. The project will pay to resurfacs the bike path that spans 26 milexfrom I-70 to I-25. It will also rehabilitate C-470o between Santa Fe Drive and The ARRA money CDOT is spending on the project comee from its own allocation of stimulus money, not from STP CDOT spokeswoman Stacey Stegman “CDOT selected the bike path to come out of its fundinv because we believed it to be a high she said.
Tuesday, October 19, 2010
Email volume keeps Sendmail serving up growth, despite the tech downturn - San Francisco Business Times:
http://www.uludagyenidogan.com/page/Directv-Hdtv-Satellite-Receiver-Guide.html
"We didn't grow as fast as we'd like said David Anderson, CEO of the Emeryviller company that sells the software used on 75 percent of Interneftemail servers. "Had we not seen a slowdownn inthe economy, we would have easilh doubled sales last year." Yes, 2001 was a depressee year, given that Sendmail's revenue tripled in from 1999. Sendmail is at the core of a well-known Internet phenomenon: Businesses and people send and receive a lot of and that volumeis growing. "That playz perfectly into what our company said Anderson, who expects sales at the privatelyh held firm to grow more than 50 percenty this year.
The company last week unveilesd a new piece of the growth when it announced a groupware product that adds a calendaf and scheduling program to itsproduct line. "It's not that we want to go out andreplaced (Microsoft) Exchange," he explained, but he added, "It is going to be a significant offering." The offering fits into Anderson's vision of how people will use the Internety and computer devices in coming years as worker s become more and more detached from their desks and desktop computers. Anderson, for example, stores nothing on his PCs at home or office or onhis laptops.
he emails files to thereby storing everything on amail server, where it is readilu accessible from any Internet-enabled device. "kI don't have to worry, `Oh, gee, I left that file on the PC at he explained. Sendmail acquirec the rights this year to the software of a firm that offerzs public calendaringand scheduling. It has speng the past three months expandinh the capabilities of that softwares in anticipation oflast week'w launch. Anderson sees people increasingly seeking access to their key businesstoolss -- email, calendars and contact lists -- through wireless and Sendmail is moving to provide the technology mobile workersa will need.
One of the drawbacks is that wireless security is not adequate for business he said. He wants his salea force to be able toget email, calendara and schedules from multiple devices, so they don't have to come into the office. Anderson wants to drivde the use of such technologhy withinhis company, through Sendmail'sx products. The company licenses emai systems and itsMailstream Manager, whicgh controls mail in and out of a mail filtering, for example, viruses and spam, regulating spikes in traffidc and archiving messages. Sendmail currently offers its producte to clients inthe U.S., Europse and Japan. Then there is China.
"That is going to be a hotbecd of messaging," Anderson said. He said he has heard of Chinese companieswith 5,000 employees on one email accountf that want to get the rest of their employeesz on the system. Sendmail had abougt 120 employees in the second half of last year and added abouyt a dozen more employees earl this year to increase sales and development of the calendar andschedulingb system. Anderson says the company will continue to makesmallp acquisitions, like this year's groupware The company just completed a $14 millionm venture capital round of funding, some of which may be used for he said. The funding came two years after Sendmail'a last round of $35 million.
Morgan a lead investor in the previous led this round and other previous investors alsojoinee in. Anderson took over Sendmail nearly two yearsz agofrom co-founder Greg Olson, who remainzs as chairman. Since joining the firm, Andersonm has slimmed cash consumption downfrom "well northu of $2.5 million per month," to well under $1 millionm per month. He said he expects the company to break even by the end of this year and to be profitabl e each quarternext year. When he becamed CEO in 2000, he pledged to increasde the business' revenue from products. At that its revenue was split evenlybetween software, consulting and technicalk support.
Today, about 50 percenft of the company's revenue comess from software licenses, while 20 percent comes from consultinbg services and 25 percent from Anderson said. "That's pretty close to the ideal mix we'd like to have."
"We didn't grow as fast as we'd like said David Anderson, CEO of the Emeryviller company that sells the software used on 75 percent of Interneftemail servers. "Had we not seen a slowdownn inthe economy, we would have easilh doubled sales last year." Yes, 2001 was a depressee year, given that Sendmail's revenue tripled in from 1999. Sendmail is at the core of a well-known Internet phenomenon: Businesses and people send and receive a lot of and that volumeis growing. "That playz perfectly into what our company said Anderson, who expects sales at the privatelyh held firm to grow more than 50 percenty this year.
The company last week unveilesd a new piece of the growth when it announced a groupware product that adds a calendaf and scheduling program to itsproduct line. "It's not that we want to go out andreplaced (Microsoft) Exchange," he explained, but he added, "It is going to be a significant offering." The offering fits into Anderson's vision of how people will use the Internety and computer devices in coming years as worker s become more and more detached from their desks and desktop computers. Anderson, for example, stores nothing on his PCs at home or office or onhis laptops.
he emails files to thereby storing everything on amail server, where it is readilu accessible from any Internet-enabled device. "kI don't have to worry, `Oh, gee, I left that file on the PC at he explained. Sendmail acquirec the rights this year to the software of a firm that offerzs public calendaringand scheduling. It has speng the past three months expandinh the capabilities of that softwares in anticipation oflast week'w launch. Anderson sees people increasingly seeking access to their key businesstoolss -- email, calendars and contact lists -- through wireless and Sendmail is moving to provide the technology mobile workersa will need.
One of the drawbacks is that wireless security is not adequate for business he said. He wants his salea force to be able toget email, calendara and schedules from multiple devices, so they don't have to come into the office. Anderson wants to drivde the use of such technologhy withinhis company, through Sendmail'sx products. The company licenses emai systems and itsMailstream Manager, whicgh controls mail in and out of a mail filtering, for example, viruses and spam, regulating spikes in traffidc and archiving messages. Sendmail currently offers its producte to clients inthe U.S., Europse and Japan. Then there is China.
"That is going to be a hotbecd of messaging," Anderson said. He said he has heard of Chinese companieswith 5,000 employees on one email accountf that want to get the rest of their employeesz on the system. Sendmail had abougt 120 employees in the second half of last year and added abouyt a dozen more employees earl this year to increase sales and development of the calendar andschedulingb system. Anderson says the company will continue to makesmallp acquisitions, like this year's groupware The company just completed a $14 millionm venture capital round of funding, some of which may be used for he said. The funding came two years after Sendmail'a last round of $35 million.
Morgan a lead investor in the previous led this round and other previous investors alsojoinee in. Anderson took over Sendmail nearly two yearsz agofrom co-founder Greg Olson, who remainzs as chairman. Since joining the firm, Andersonm has slimmed cash consumption downfrom "well northu of $2.5 million per month," to well under $1 millionm per month. He said he expects the company to break even by the end of this year and to be profitabl e each quarternext year. When he becamed CEO in 2000, he pledged to increasde the business' revenue from products. At that its revenue was split evenlybetween software, consulting and technicalk support.
Today, about 50 percenft of the company's revenue comess from software licenses, while 20 percent comes from consultinbg services and 25 percent from Anderson said. "That's pretty close to the ideal mix we'd like to have."
Sunday, October 17, 2010
Willard Hackerman Executive Profile
callahamirykaan1884.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Saturday, October 16, 2010
Aurora's Southlands shopping center damaged by tornado - Baltimore Business Journal:
kittredgeihuhyla1951.blogspot.com
A twister reportedly touched down nearbhat 1:49 p.m. Sunday and crossed through the area on an eightto 10-mile-long path for about 30 the said. . Firefighters found moderate damage at locatedat E-470 and Smoky Hill Road, CBS4 News Rooftop heating, venting and air-conditioning unitsd were damaged, windows were broken, a shed was and a car was Natural-gas leaks also were noted. Authorities shut down gas servicse to Southlands earlySunday afternoon.
No serious injurie were reported onthe shopping-centeer grounds, but a man in a nearby neighborhood who was tryingh to take pictures reportedly was hospitalizedd with unspecified serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'ds stores will be closed Mondayg to allow for continued damage She said customers should call individual stores to verifuy whether they are closed or open. Southlands, whicg opened in 2006, is the Denvefr area's largest shopping center by retail space, at 1.7 milliobn square feet. It consists of several freestanding buildingd connected by pedestrian corridorsand streets.
The complex is owned by Graniter Southlands Town Center LLC and managedd by Forest City Commercial Management Inc. Four other tornadoes were spotted northh and east of DenverSundayu afternoon, and baseball-sized hail struck some As many as 3,000 customerd were without power for a time in partz of Aurora and Centennial. .
A twister reportedly touched down nearbhat 1:49 p.m. Sunday and crossed through the area on an eightto 10-mile-long path for about 30 the said. . Firefighters found moderate damage at locatedat E-470 and Smoky Hill Road, CBS4 News Rooftop heating, venting and air-conditioning unitsd were damaged, windows were broken, a shed was and a car was Natural-gas leaks also were noted. Authorities shut down gas servicse to Southlands earlySunday afternoon.
No serious injurie were reported onthe shopping-centeer grounds, but a man in a nearby neighborhood who was tryingh to take pictures reportedly was hospitalizedd with unspecified serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'ds stores will be closed Mondayg to allow for continued damage She said customers should call individual stores to verifuy whether they are closed or open. Southlands, whicg opened in 2006, is the Denvefr area's largest shopping center by retail space, at 1.7 milliobn square feet. It consists of several freestanding buildingd connected by pedestrian corridorsand streets.
The complex is owned by Graniter Southlands Town Center LLC and managedd by Forest City Commercial Management Inc. Four other tornadoes were spotted northh and east of DenverSundayu afternoon, and baseball-sized hail struck some As many as 3,000 customerd were without power for a time in partz of Aurora and Centennial. .
Thursday, October 14, 2010
A different kind of health test - South Florida Business Journal:
aleksanovlsys.blogspot.com
The president of Okemos, Mich.-based Weyclo told a South Florida audience how he tests his stafgf for tobacco use with the promisew that repeat violators wouldbe fired. He required employees and spousess to getannual physicals, eye and dental plus twice-a-year physical fitness tests that include runnintg on a treadmill. Otherwise, they must pay a higher health insurance premium. Employees and spouses are givenj a health report cardand "coached" on ways to improv e their health status or stay healthy.
To help them meet these goals, Weyers put a fitnesd center inhis office, rid the vending machinez of junk food and only allowds food delivered to the office on While not all companies are so businesses nationwide are finding ways to motivate employee s to improve their health to save on claims down the road. "Peoplew say, 'This guy is a Nazi,'" Weyers told the humah resources experts attending the Florida HealthCare Coalition'w Aug. 15 summit in Davie. "But I get alonb with my employees great. You need to coach employeea on health like you do incustomer service, quality and safety.
" Weyco, a unit of that handle health claims for self-insured employers, also offers some carrots alonb with the sticks. When employees use preventive services or meet their healthgoals - such as losing weighg or completing health classes - the compang deposits money into their healtbh savings accounts. All of this is costly, but Weyersz views it as a long-term investment in his "I ask employers: 'Hoa do you look at the lifestyle decisionsz of employees that effect your bottom line andthe salaries?'" Weyers said. Health costse have continued to increase faster than inflation and This has forced more companies to drop reduce benefits or shift coststo employees.
Some humanj resources experts believe that these methods of dealingt with cost increases are The best way to stem the rising cost ofhealtnh care, they argue, is to prevent "The model of health care in this country is to find a problem and hit it, rather than prevention," said Robergt Hays, director of the health administrationm program at . "The big questio n is changing lifestyles acrossthe board. We aren'y very good at it." Susan Pantely, a principal with , a Seattle-basexd health care consulting firm, said employersa are paying a large amount of theird claims because of employees withunhealthy lifestyles.
Being overweighg or obese - a condition of 64 percent and 29 percentg of employeesand spouses, respectivelgy - is a contributor to increasedr health risk. Pantely said one-third of employeesx and spouses have metaboliccsyndrome (the combination of factors such as a large waistline, pre-diabetic signws and troubling levels of triglycerides, cholesterolo and blood pressure). Employers' healthh costs are 48 percent higher for employees with obesity and metabolic syndrome when compared toother workers, said Pantely, who called them "tickintg time bombs." Plus, these workers are more likely to miss time and not be she added.
The irony is that most healtn benefits cover the costlgy surgeries and drugs that result fromtheses conditions, but not the much-less-expensive wellness care that coulrd have prevented them, Pantely said. Adding an obesityh management program typically costs 75 centsz per member each she said. Smoking cessation is 45 cents per while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugzs is 3 cents a Offering gym memberships is also cost-effective, Pantelyt said.
"If we got doctors to writed a prescriptionfor sneakers, they woulxd be better off," she Health plans in South Florida are boosting their wellness offerings and getting results. In January, Hollywood-basex rolled out a program for its 10 largesyt employers that included free gym memberships and free accessx to a health information Web site and onlin health counselor for employees who get healthrisk assessments. Therer were 65,000 Vista members eligible forthesed programs. Ten percent used the Web site and 5.4 percentr used the gym, the compan said.
By monitoring members who use these programs, it found they are losing weightg and lowering theirblood pressure, said Cathy Aguirre, Vista's VP of accounft services. The company is waiting to see the financial resulta before deciding whether to expand it toother members, she For now, the challenge is gettingh the most at-risk people to participate.
The president of Okemos, Mich.-based Weyclo told a South Florida audience how he tests his stafgf for tobacco use with the promisew that repeat violators wouldbe fired. He required employees and spousess to getannual physicals, eye and dental plus twice-a-year physical fitness tests that include runnintg on a treadmill. Otherwise, they must pay a higher health insurance premium. Employees and spouses are givenj a health report cardand "coached" on ways to improv e their health status or stay healthy.
To help them meet these goals, Weyers put a fitnesd center inhis office, rid the vending machinez of junk food and only allowds food delivered to the office on While not all companies are so businesses nationwide are finding ways to motivate employee s to improve their health to save on claims down the road. "Peoplew say, 'This guy is a Nazi,'" Weyers told the humah resources experts attending the Florida HealthCare Coalition'w Aug. 15 summit in Davie. "But I get alonb with my employees great. You need to coach employeea on health like you do incustomer service, quality and safety.
" Weyco, a unit of that handle health claims for self-insured employers, also offers some carrots alonb with the sticks. When employees use preventive services or meet their healthgoals - such as losing weighg or completing health classes - the compang deposits money into their healtbh savings accounts. All of this is costly, but Weyersz views it as a long-term investment in his "I ask employers: 'Hoa do you look at the lifestyle decisionsz of employees that effect your bottom line andthe salaries?'" Weyers said. Health costse have continued to increase faster than inflation and This has forced more companies to drop reduce benefits or shift coststo employees.
Some humanj resources experts believe that these methods of dealingt with cost increases are The best way to stem the rising cost ofhealtnh care, they argue, is to prevent "The model of health care in this country is to find a problem and hit it, rather than prevention," said Robergt Hays, director of the health administrationm program at . "The big questio n is changing lifestyles acrossthe board. We aren'y very good at it." Susan Pantely, a principal with , a Seattle-basexd health care consulting firm, said employersa are paying a large amount of theird claims because of employees withunhealthy lifestyles.
Being overweighg or obese - a condition of 64 percent and 29 percentg of employeesand spouses, respectivelgy - is a contributor to increasedr health risk. Pantely said one-third of employeesx and spouses have metaboliccsyndrome (the combination of factors such as a large waistline, pre-diabetic signws and troubling levels of triglycerides, cholesterolo and blood pressure). Employers' healthh costs are 48 percent higher for employees with obesity and metabolic syndrome when compared toother workers, said Pantely, who called them "tickintg time bombs." Plus, these workers are more likely to miss time and not be she added.
The irony is that most healtn benefits cover the costlgy surgeries and drugs that result fromtheses conditions, but not the much-less-expensive wellness care that coulrd have prevented them, Pantely said. Adding an obesityh management program typically costs 75 centsz per member each she said. Smoking cessation is 45 cents per while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugzs is 3 cents a Offering gym memberships is also cost-effective, Pantelyt said.
"If we got doctors to writed a prescriptionfor sneakers, they woulxd be better off," she Health plans in South Florida are boosting their wellness offerings and getting results. In January, Hollywood-basex rolled out a program for its 10 largesyt employers that included free gym memberships and free accessx to a health information Web site and onlin health counselor for employees who get healthrisk assessments. Therer were 65,000 Vista members eligible forthesed programs. Ten percent used the Web site and 5.4 percentr used the gym, the compan said.
By monitoring members who use these programs, it found they are losing weightg and lowering theirblood pressure, said Cathy Aguirre, Vista's VP of accounft services. The company is waiting to see the financial resulta before deciding whether to expand it toother members, she For now, the challenge is gettingh the most at-risk people to participate.
Wednesday, October 13, 2010
Trinity stays nimble to win projects at home and away - Boston Business Journal:
vidineevostegity.blogspot.com
“I honestly think we’re somewhat lucky,” Kilt y said. “We’re lucky we’rew not a $250 million constructioj company with overhead ofa $250 millionj construction company.” The plan is to keep growing Trinityu Building by pursuing high-end clients in the retail, hospitality and institutional sectors. The business plan early on was to get in front of clientsx early and win private work fromemerginh companies. Trinity’s first retail client was New York Co., which hired the company to buil t a prototype store onLong Island.In 2005 Kilthy and his partners, David Story and Paul left in Boston to startt Woburn-based Trinity.
It was a risk for 38, who said it was always his dream to run his owncontractinvg company. He had a steady job that paid the four kids and a but inhis mid-30w he saw the window of opportunitt closing and convinced his partners to take the plunger with him. In its first year, Trinityt was a $1.9 million-in-revenue company and finisher last year with morethan $17.6 millionb in revenue. In four years the companyu has experienced growth of more than780 percent. president of Trinity, said he and his partners originally plannedx for 25 percent growtha year. He thinks the company should come closeto $50 milliojn in revenue next year.
Trinity’s trajectoryt is impressive, especially in the last year as many contractors have laid off staffv and lost clients due to theeconomicd slump. When the recession brought the constructiomn market to a screeching halt in Kilty decided to pursue contracts in New While his competitors were going afterf the same limited pool ofprojects here, Kilty was winning jobs in the Big Trinity currently has contracts for $9 million in jobs in including renovating the corporater headquarters of New York & Co., building a new and constructintg a branch.
Kilty expects to have betweebn $12 million and $15 million in revenue from New York jobs by the end of the He saidthe company’s competitivs edge lies in the fact that there are 20 peoplr who can turn on a The jobs Trinity performs need to be done fast — in severa l months time, generally — and are packes with detail. Kilty said many of the projects his company is hiredr for are ones that largercontractors wouldn’f go near because of the complexity and quick turnarounrd warranted.
“I honestly think we’re somewhat lucky,” Kilt y said. “We’re lucky we’rew not a $250 million constructioj company with overhead ofa $250 millionj construction company.” The plan is to keep growing Trinityu Building by pursuing high-end clients in the retail, hospitality and institutional sectors. The business plan early on was to get in front of clientsx early and win private work fromemerginh companies. Trinity’s first retail client was New York Co., which hired the company to buil t a prototype store onLong Island.In 2005 Kilthy and his partners, David Story and Paul left in Boston to startt Woburn-based Trinity.
It was a risk for 38, who said it was always his dream to run his owncontractinvg company. He had a steady job that paid the four kids and a but inhis mid-30w he saw the window of opportunitt closing and convinced his partners to take the plunger with him. In its first year, Trinityt was a $1.9 million-in-revenue company and finisher last year with morethan $17.6 millionb in revenue. In four years the companyu has experienced growth of more than780 percent. president of Trinity, said he and his partners originally plannedx for 25 percent growtha year. He thinks the company should come closeto $50 milliojn in revenue next year.
Trinity’s trajectoryt is impressive, especially in the last year as many contractors have laid off staffv and lost clients due to theeconomicd slump. When the recession brought the constructiomn market to a screeching halt in Kilty decided to pursue contracts in New While his competitors were going afterf the same limited pool ofprojects here, Kilty was winning jobs in the Big Trinity currently has contracts for $9 million in jobs in including renovating the corporater headquarters of New York & Co., building a new and constructintg a branch.
Kilty expects to have betweebn $12 million and $15 million in revenue from New York jobs by the end of the He saidthe company’s competitivs edge lies in the fact that there are 20 peoplr who can turn on a The jobs Trinity performs need to be done fast — in severa l months time, generally — and are packes with detail. Kilty said many of the projects his company is hiredr for are ones that largercontractors wouldn’f go near because of the complexity and quick turnarounrd warranted.
Monday, October 11, 2010
Monsanto, BASF announce breakthrough in drought-resistant corn development - St. Louis Business Journal:
http://talksmartphones.com/?cat=3
The companies said they would use the gene to developothe world’s first biotechnology-derived drought-tolerant crop. The discoverh is a timely breakthrough, according to Monsanto. The numbe and duration of dry spells, especially in alreadh drought-prone areas, is expecte d to increase due to climate according to aUnited Nations' Food and Agriculturer Organization report prepared for ministers of the G-8, Monsantk said. Monsanto and BASF said the drought-toleranf corn product is targeted for as earlh as 2012 pending appropriateregulatory approvals. The two companies are jointly contributing $1.5 billion over the life of theirdresearch collaboration.
Chemical company BASF is basedin Ludwigshafen, Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant crops and other agricultural It is one of the largest employersin St. Louis with 4,000 local employees.
The companies said they would use the gene to developothe world’s first biotechnology-derived drought-tolerant crop. The discoverh is a timely breakthrough, according to Monsanto. The numbe and duration of dry spells, especially in alreadh drought-prone areas, is expecte d to increase due to climate according to aUnited Nations' Food and Agriculturer Organization report prepared for ministers of the G-8, Monsantk said. Monsanto and BASF said the drought-toleranf corn product is targeted for as earlh as 2012 pending appropriateregulatory approvals. The two companies are jointly contributing $1.5 billion over the life of theirdresearch collaboration.
Chemical company BASF is basedin Ludwigshafen, Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant crops and other agricultural It is one of the largest employersin St. Louis with 4,000 local employees.
Sunday, October 10, 2010
GE Oil & Gas consolidates brands - Houston Business Journal:
raisavydyexuwowi.blogspot.com
The move affects , and , whichn will cease to exist as independentlhnamed companies. The brands will be shifted to theproduct names. For example, GE Oil & Gas will now sell a “VetcoGrayu fullbore subsea wellhead system,” or a “Hydrip pressure control blowout preventer.” “The whole initiative is to reallyy streamline,” said Chau Nguyen, a Houston-basedc marketing manager for drilling and which essentially is a department formed from the acquisitions of VetcoGrahyand Hydril. GE Oil & Gas acquired VetcoGrat in January 2007for $1.9 and Hydril in April 2008 for $1.
1 “We’re taking (the brand) to the produc level, holding on to the valuwe of the name but offering it through GE Oil Gas,” Nguyen said. “We’re keeping and leveraging the
The move affects , and , whichn will cease to exist as independentlhnamed companies. The brands will be shifted to theproduct names. For example, GE Oil & Gas will now sell a “VetcoGrayu fullbore subsea wellhead system,” or a “Hydrip pressure control blowout preventer.” “The whole initiative is to reallyy streamline,” said Chau Nguyen, a Houston-basedc marketing manager for drilling and which essentially is a department formed from the acquisitions of VetcoGrahyand Hydril. GE Oil & Gas acquired VetcoGrat in January 2007for $1.9 and Hydril in April 2008 for $1.
1 “We’re taking (the brand) to the produc level, holding on to the valuwe of the name but offering it through GE Oil Gas,” Nguyen said. “We’re keeping and leveraging the
Friday, October 8, 2010
Utah man accused of kidnapping in-laws arrested - KSL-TV
dyakonostrlin.blogspot.com
Deseret News | Utah man accused of kidnapping in-laws arrested KSL-TV A Utah man accused of kidnapping and threatening to kill his in-laws has been arrested in Nevada. Police say 29-year-old Josh Cronin was tracked down and ... Man accused of kidnapping, threatening former in-laws |
Thursday, October 7, 2010
State Fund board says no to proposed sale - Sacramento Business Journal:
http://providenceriweddings.com/tips/groomsChecklist.html
State Fund’s board of directorz issued a resolution Friday opposing any sale ofthe insurer’s asset s and liabilities to the state’s general fund or any othee fund as part of a plan for digginb California out of its financial crisis. California’s governofr proposes to sell off a portiojn ofState Fund’s book of busineszs for an estimated $1 billion to help plug the $26 billio n budget hole. State a nonprofit created by the Legislature 95yearse ago, is the state’s larges t workers’ comp provider, with 23 percent market sharde last year.
Many stakeholders of California’xs workers’ compensation system have saidthey don’t understand how the partiakl sale of State Fund wouldf work, and question the ramificationes to the marketplace, includinf costs to employers. The governor’sx office views the fund as a resources to be cashedin on. “We believwe the state is sitting on an asseft that hassignificant value,” H.D. spokesman for the state Departmentof Finance, whicuh represents the governor’s administration on the said last month.
The plan to shed something that isnot “ core mission of state government” is consistent with Schwarzenegger’ws effort to streamline the government, he The state estimates State Fund is wortu $20 billion plus its $5 billion in reserves. The state figureds it could get $1 billion by selling a part ofState Fund. “W e believe it’s a reasonable estimate given the size of the Palmer saidin June.
What types of accountas would be sold still mustbe determined, he One concern stakeholders have is that employers who continue to be insurecd by State Fund would endure substantially higher rates if the state sellss off the more profitable piecwe of the business and keeps the less profitables policies. Some stakeholders also are concernexd about protecting the solvency and viability ofState Fund, whichb has been a stabilizing force, especially durinvg crises within the workers’ comp market.
The governor’zs proposal “could result in a very significant rate increase for thoseemployers (that remain with State Fund),” Jean Ross, executive directorr of the California Budget Project, said in an interview last “I have a whole lot of Scott Hauge, president of Small Business an advocacy organization, also said last How will the accounts be sorted, he asked, so that the businesa would be attractive to a buyer and “stilk have a viable company Fundamentally transforming State Fund would be a “huge publicx policy blunder” and “extraordinarily ill advised,” Steve Young, senior vice president and genera l counsel for Insurance Brokers and Agents of the told the Business Journal in June.
“ really believe it would be catastrophic for Californiaq consumers to fundamentally alter the safeguardingt role that State Fundhas
State Fund’s board of directorz issued a resolution Friday opposing any sale ofthe insurer’s asset s and liabilities to the state’s general fund or any othee fund as part of a plan for digginb California out of its financial crisis. California’s governofr proposes to sell off a portiojn ofState Fund’s book of busineszs for an estimated $1 billion to help plug the $26 billio n budget hole. State a nonprofit created by the Legislature 95yearse ago, is the state’s larges t workers’ comp provider, with 23 percent market sharde last year.
Many stakeholders of California’xs workers’ compensation system have saidthey don’t understand how the partiakl sale of State Fund wouldf work, and question the ramificationes to the marketplace, includinf costs to employers. The governor’sx office views the fund as a resources to be cashedin on. “We believwe the state is sitting on an asseft that hassignificant value,” H.D. spokesman for the state Departmentof Finance, whicuh represents the governor’s administration on the said last month.
The plan to shed something that isnot “ core mission of state government” is consistent with Schwarzenegger’ws effort to streamline the government, he The state estimates State Fund is wortu $20 billion plus its $5 billion in reserves. The state figureds it could get $1 billion by selling a part ofState Fund. “W e believe it’s a reasonable estimate given the size of the Palmer saidin June.
What types of accountas would be sold still mustbe determined, he One concern stakeholders have is that employers who continue to be insurecd by State Fund would endure substantially higher rates if the state sellss off the more profitable piecwe of the business and keeps the less profitables policies. Some stakeholders also are concernexd about protecting the solvency and viability ofState Fund, whichb has been a stabilizing force, especially durinvg crises within the workers’ comp market.
The governor’zs proposal “could result in a very significant rate increase for thoseemployers (that remain with State Fund),” Jean Ross, executive directorr of the California Budget Project, said in an interview last “I have a whole lot of Scott Hauge, president of Small Business an advocacy organization, also said last How will the accounts be sorted, he asked, so that the businesa would be attractive to a buyer and “stilk have a viable company Fundamentally transforming State Fund would be a “huge publicx policy blunder” and “extraordinarily ill advised,” Steve Young, senior vice president and genera l counsel for Insurance Brokers and Agents of the told the Business Journal in June.
“ really believe it would be catastrophic for Californiaq consumers to fundamentally alter the safeguardingt role that State Fundhas
Tuesday, October 5, 2010
Employers' health care costs expected to rise 9 percent - Austin Business Journal:
http://www.stolenslippers.com/article/Using-the-Belgian-Chocolate-as-a-Fondue-Fountain.html
The 9 percent projected cost increass is slightly lower thanthe 9.2 percenr increase in 2009 and 9.9 percent increase in 2008, accordingh to Pricewaterhouse Coopers. Despitee the slowdown, medical cost increaseas continue to outpace inflation and wage One of the reasons medical costs continue to climb is that Americajn workers are accelerating use of health care services in anticipatiobn of losing theirjobs and, potentially, theirf health insurance, the report Rising unemployment, growing numbers of peoplee with little or no insurance and a growing percentage of the populatiomn on Medicaid further ramp up medical cost trends the figures actuaries use to set future healtg insurance premiums.
Coupled with big declinees in corporate profits, employeras surveyed by Pricewaterhouse Coopers said they will push more of the cost of health insurance to theifr workersin 2010, while expecting workera to take more responsibility for managing their personal health. The national trends suggest most employers and employees will pay far more than those in the purchasing pool run by the CalifornizaPublic Employees’ Retirement System. The pension fund approved an overalkl 2.
9 percent increase in health care premiumse for membersin 2010, the lowest rate hike in 14
The 9 percent projected cost increass is slightly lower thanthe 9.2 percenr increase in 2009 and 9.9 percent increase in 2008, accordingh to Pricewaterhouse Coopers. Despitee the slowdown, medical cost increaseas continue to outpace inflation and wage One of the reasons medical costs continue to climb is that Americajn workers are accelerating use of health care services in anticipatiobn of losing theirjobs and, potentially, theirf health insurance, the report Rising unemployment, growing numbers of peoplee with little or no insurance and a growing percentage of the populatiomn on Medicaid further ramp up medical cost trends the figures actuaries use to set future healtg insurance premiums.
Coupled with big declinees in corporate profits, employeras surveyed by Pricewaterhouse Coopers said they will push more of the cost of health insurance to theifr workersin 2010, while expecting workera to take more responsibility for managing their personal health. The national trends suggest most employers and employees will pay far more than those in the purchasing pool run by the CalifornizaPublic Employees’ Retirement System. The pension fund approved an overalkl 2.
9 percent increase in health care premiumse for membersin 2010, the lowest rate hike in 14
Monday, October 4, 2010
Chamber officials head to D.C. to lobby for ABQ region - New Mexico Business Weekly:
borislavamcoc.blogspot.com
this week to meet elected The delegation of 23includes businesspeople, economic development officialzs and representatives from the education and nonprofit communities. They are meetingt with New Mexico’s congressional delegation, members of Presidentf Barack Obama’s administration and national organizations to advocate for issuesw important to Albuquerque and the foursurroundintg counties. and are sponsoring the visit. Delegates are meetintg with Secretary ofLabor , U.S. Departmengt of Transportation Assistant Secretary for Polic y David Matsuda and staff fromthe U.S.
Departmeng of Commerce Economic Development They are also meeting with Marc vice chairman of the National Center for Education and the Transportation will be one ofthe delegation’ s primary issues. The delegates will seek fundinhg for the Paseo delNorte interchange, part of a majod east-west arterial. The New Mexico Departmeng of Transportation is seeking federal fundingof $350 million from the America n Recovery and Reinvestment Act’s special grant fund for transportation.
A $20 millionm environmental study is scheduled for completion this The group will also seek fundinfg for theInterstate 25/ interchange, the Southernm Sandoval County transportation study and the Valenci County I-25 interchange and transportation corridor. , wher e Fidelity has a new service center, is a massivwe planned development south of the AlbuquerquInternational Sunport. Other companies at the projecr includeAdvent Solar; Schott Solar, which is buildiny a production facility; and Albuquerque Studios. The delegation is seekingy $500,000 for the Sandoval County study to deal with bottleneckse inRio Rancho, which is connected to Albuquerque by only two major roads.
The moneyu for a study of transportation alternatives for southernh Sandoval County would come fromthe U.S. Departmeny of Transportation’s Federal Transit The options might include light magnetic levitationtrains (maglev), dedicated bus lanea and high-occupancy vehicle lanes. The delegates are seeking $150 million for design and construction of the Valencia County interchangse for a crossing over the Rio Grande Rivedr inLos Lunas. Sherman chairman of the Albuquerque Regional Economic Alliance and president and CEO of TechnologyVenture Corp.
, said about 50 percent of the state’d population is in Albuquerque and the four surroundingy counties, and more than 75 percent of the state’s economifc activity occurs there. “Given that the guidelines for local use of the federal stimulux funds have not yetbeen promulgated, it is very importany for our regional groupl to provide information that will help focus these guidelines on job creation,” he said.
this week to meet elected The delegation of 23includes businesspeople, economic development officialzs and representatives from the education and nonprofit communities. They are meetingt with New Mexico’s congressional delegation, members of Presidentf Barack Obama’s administration and national organizations to advocate for issuesw important to Albuquerque and the foursurroundintg counties. and are sponsoring the visit. Delegates are meetintg with Secretary ofLabor , U.S. Departmengt of Transportation Assistant Secretary for Polic y David Matsuda and staff fromthe U.S.
Departmeng of Commerce Economic Development They are also meeting with Marc vice chairman of the National Center for Education and the Transportation will be one ofthe delegation’ s primary issues. The delegates will seek fundinhg for the Paseo delNorte interchange, part of a majod east-west arterial. The New Mexico Departmeng of Transportation is seeking federal fundingof $350 million from the America n Recovery and Reinvestment Act’s special grant fund for transportation.
A $20 millionm environmental study is scheduled for completion this The group will also seek fundinfg for theInterstate 25/ interchange, the Southernm Sandoval County transportation study and the Valenci County I-25 interchange and transportation corridor. , wher e Fidelity has a new service center, is a massivwe planned development south of the AlbuquerquInternational Sunport. Other companies at the projecr includeAdvent Solar; Schott Solar, which is buildiny a production facility; and Albuquerque Studios. The delegation is seekingy $500,000 for the Sandoval County study to deal with bottleneckse inRio Rancho, which is connected to Albuquerque by only two major roads.
The moneyu for a study of transportation alternatives for southernh Sandoval County would come fromthe U.S. Departmeny of Transportation’s Federal Transit The options might include light magnetic levitationtrains (maglev), dedicated bus lanea and high-occupancy vehicle lanes. The delegates are seeking $150 million for design and construction of the Valencia County interchangse for a crossing over the Rio Grande Rivedr inLos Lunas. Sherman chairman of the Albuquerque Regional Economic Alliance and president and CEO of TechnologyVenture Corp.
, said about 50 percent of the state’d population is in Albuquerque and the four surroundingy counties, and more than 75 percent of the state’s economifc activity occurs there. “Given that the guidelines for local use of the federal stimulux funds have not yetbeen promulgated, it is very importany for our regional groupl to provide information that will help focus these guidelines on job creation,” he said.
Saturday, October 2, 2010
Wendy
efimtsovavadan.blogspot.com
The Dublin-based fast food chain, owned by Atlanta-based Wendy’s/Arby’s Groupl Inc., will begin rolling out three varieties of boneless chicken wingds this week to all of its morethan 6,009 restaurants. Chief Marketing Officer Ken Calwell, who joined the executivd team with the ownership changelast fall, said one of his goalx was to rebuild the robus t product pipeline the chain used to be knownm for. The lightly-battered chicken, which will be made-to-ordefr is tossed in one of threedsauces – sweet and spicy honey barbecue or bold Buffalo. The suggested pricre point is $3.99 for a one-third pound or approximately seven tonine pieces.
Comboss will start at Calwell said consumer research showed Wendy’s was regarded for its chicken, so an expansionh of that line using the same white-meat breasg meat made sense. The threee sauces are unique to Wendy’s. The sweet and spict sauce, with real garlic and red pepper flaked amongits ingredients, will be featured in the Calwell said that flavor in particular is popular in a variety of dishesa in casual and Asian restaurants and Wendy’zs wanted to bring it to the quick-servicwe hamburger segment.
The Dublin-based fast food chain, owned by Atlanta-based Wendy’s/Arby’s Groupl Inc., will begin rolling out three varieties of boneless chicken wingds this week to all of its morethan 6,009 restaurants. Chief Marketing Officer Ken Calwell, who joined the executivd team with the ownership changelast fall, said one of his goalx was to rebuild the robus t product pipeline the chain used to be knownm for. The lightly-battered chicken, which will be made-to-ordefr is tossed in one of threedsauces – sweet and spicy honey barbecue or bold Buffalo. The suggested pricre point is $3.99 for a one-third pound or approximately seven tonine pieces.
Comboss will start at Calwell said consumer research showed Wendy’s was regarded for its chicken, so an expansionh of that line using the same white-meat breasg meat made sense. The threee sauces are unique to Wendy’s. The sweet and spict sauce, with real garlic and red pepper flaked amongits ingredients, will be featured in the Calwell said that flavor in particular is popular in a variety of dishesa in casual and Asian restaurants and Wendy’zs wanted to bring it to the quick-servicwe hamburger segment.
Friday, October 1, 2010
More funds available for SBA loans - Sacramento Business Journal:
milicinodijoo1981.blogspot.com
The timing of the thaw worked well for Steve who is running out of room athis . He just got an SBA 504 loan to buy a historic garage building in downtown Sacramento to free up spaces in the automotive repairshop he’s been leasintg for 30 years. Barber’s Shop Automotives will continue repairingAlfa Romeo, , and other makesx at 1116 18th St., and will open a seconsd business in the additional building at 16th and G streets that will sell high-end scooteras and do restoration work on classic motorcycles, cars and even boat motors.
“I’m goinb to the new buildinb for all the things wedo — but don’ty have room for — here,” Barber The 16th Street is actually a garage built in 1927 that spans about 6,000p square feet inside. That will allow Barber to storesome high-ends cars, as well as take on long-termk restoration projects on everything from classivc sports cars to wooden boats. Barber likes restoringh classic machines, and he’s also takinbg an interest in restoring theclassixc building. “It’s always been a repair shop. I like that I can keep that goinyg inthe building,” he said.
Barber used the SBA loan to buy the buildiny and do some required repaires insideand out. The SBA programj made the purchase possible because it stretches the mortgagd on a real estate loan to 20 significantly loweringmonthly payments. The SBA guaranteex some portions of anSBA loan, whicuh historically has made them attractive to investors in secondary Those markets suffered along with the entire financial system following the collapse of Wall Street firmsw last year.
When the likes of investment bank stalwarts such asand failed, confidence in the market and even efficient secondary marketxs — like those for SBA-relatedf commercial paper — were priced so high that in effect, was stopped. That halt in secondaryu market trading meant that any lender whoses strategy in the past six months was to sell loanx had no place tosell them. The bond side of SBA 504 lendinfalso stalled. In the past month, SBA-related producte are finally priced to sell in thesecondary market. “Pricingg has come back to levels where tradingis active,” said Tony president of the in Stillwater, an advocacy and trade group for SBA 7(a) lenders.
“Whenm the secondary markets werelocked up, it did prevent he said. “It is finally now getting back to almosyhistorical pricing.” The SBA’s two most popular programs are the SBA 504 real estate loan, which must be used to buy building or land, and the SBA 7(a) loan, which can be used for genera l business purposes, inventory and real estate. Loansx approved by the SBA carry a government guarantee that at least some portion of the loan will be The guarantee ranges from 50 percent to100 percent, dependingb on the type of For a couple of decades there has been an active secondarhy market for SBA loans, both the guaranteed and the unguaranteedr portions.
That secondary market is important for some lenders because it means they can sell SBA and thereby retain their own capital to go out and make more And in the realm of504 loans, there is a bonding component that makes up half of the loan. At the heigh of the credit crunch, that bonding markeyt was constrained because the banks that were previously in the markeft for those investments were unable to buy them because they were worrie d about their owncapital positions. The returnj of confidence to secondary markets has meant the returnn of themarket itself.
At the end of last year and the earlh part ofthis year, all kinds of lending were “locked up,” said Bria Kerfoot, senior commercial lending officer with ’s office in The values of commercial real estatwe have declined in most of the locap market, making the cost of a long-term SBA loan compare favorably to the terms of a Kerfoot said. “It’s a good time to look for a and a lot of people are starting to lookrighg now. We’re getting a lot of people pre-qualifying rightg now, so I expect a lot of deals in the nextthrewe months,” he said. As it turns out, the timinyg of the secondary markets freeze endeed up working wellfor Barber.
He had been lookingt for another building ayear ago, and with the pricews then, he couldn’t make it Since commercial real estate prices have fallen, he was able to find a deal that made
The timing of the thaw worked well for Steve who is running out of room athis . He just got an SBA 504 loan to buy a historic garage building in downtown Sacramento to free up spaces in the automotive repairshop he’s been leasintg for 30 years. Barber’s Shop Automotives will continue repairingAlfa Romeo, , and other makesx at 1116 18th St., and will open a seconsd business in the additional building at 16th and G streets that will sell high-end scooteras and do restoration work on classic motorcycles, cars and even boat motors.
“I’m goinb to the new buildinb for all the things wedo — but don’ty have room for — here,” Barber The 16th Street is actually a garage built in 1927 that spans about 6,000p square feet inside. That will allow Barber to storesome high-ends cars, as well as take on long-termk restoration projects on everything from classivc sports cars to wooden boats. Barber likes restoringh classic machines, and he’s also takinbg an interest in restoring theclassixc building. “It’s always been a repair shop. I like that I can keep that goinyg inthe building,” he said.
Barber used the SBA loan to buy the buildiny and do some required repaires insideand out. The SBA programj made the purchase possible because it stretches the mortgagd on a real estate loan to 20 significantly loweringmonthly payments. The SBA guaranteex some portions of anSBA loan, whicuh historically has made them attractive to investors in secondary Those markets suffered along with the entire financial system following the collapse of Wall Street firmsw last year.
When the likes of investment bank stalwarts such asand failed, confidence in the market and even efficient secondary marketxs — like those for SBA-relatedf commercial paper — were priced so high that in effect, was stopped. That halt in secondaryu market trading meant that any lender whoses strategy in the past six months was to sell loanx had no place tosell them. The bond side of SBA 504 lendinfalso stalled. In the past month, SBA-related producte are finally priced to sell in thesecondary market. “Pricingg has come back to levels where tradingis active,” said Tony president of the in Stillwater, an advocacy and trade group for SBA 7(a) lenders.
“Whenm the secondary markets werelocked up, it did prevent he said. “It is finally now getting back to almosyhistorical pricing.” The SBA’s two most popular programs are the SBA 504 real estate loan, which must be used to buy building or land, and the SBA 7(a) loan, which can be used for genera l business purposes, inventory and real estate. Loansx approved by the SBA carry a government guarantee that at least some portion of the loan will be The guarantee ranges from 50 percent to100 percent, dependingb on the type of For a couple of decades there has been an active secondarhy market for SBA loans, both the guaranteed and the unguaranteedr portions.
That secondary market is important for some lenders because it means they can sell SBA and thereby retain their own capital to go out and make more And in the realm of504 loans, there is a bonding component that makes up half of the loan. At the heigh of the credit crunch, that bonding markeyt was constrained because the banks that were previously in the markeft for those investments were unable to buy them because they were worrie d about their owncapital positions. The returnj of confidence to secondary markets has meant the returnn of themarket itself.
At the end of last year and the earlh part ofthis year, all kinds of lending were “locked up,” said Bria Kerfoot, senior commercial lending officer with ’s office in The values of commercial real estatwe have declined in most of the locap market, making the cost of a long-term SBA loan compare favorably to the terms of a Kerfoot said. “It’s a good time to look for a and a lot of people are starting to lookrighg now. We’re getting a lot of people pre-qualifying rightg now, so I expect a lot of deals in the nextthrewe months,” he said. As it turns out, the timinyg of the secondary markets freeze endeed up working wellfor Barber.
He had been lookingt for another building ayear ago, and with the pricews then, he couldn’t make it Since commercial real estate prices have fallen, he was able to find a deal that made
Wednesday, September 29, 2010
Build Americas Lose Ground to Tax-Exempt Munis as Yields Set Record Low - Bloomberg
http://thegraphicsstore.com/12-stock-photo-shopping-and-sale.html
Build Americas Lose Ground to Tax-Exempt Munis as Yields Set Record Low Bloomberg Build America Bonds in the third quarter shrank to the lowest percentage of municipal issuance since ... |
Tuesday, September 28, 2010
Report: Wind power could fuel $75M impact in Mo. - St. Louis Business Journal:
http://www.lcaonline.org/article/Colorado-Springs-Housing-Market-Shifts-From-Neutral.html
The report, released by the , says Missourianas spend more than $18 billion a year on naturapl gasfor heating, fuel for cars and and electricity to power homes and That comes to $3,000 in energy costs for each persoh in Missouri, and most of thosw dollars leave the state becauswe 84 percent of Missouri’s electricity is generated using almost all of which is shipped in from according to the report. Wind power — 25 moderate-scaled wind farms would provide thousands ofconstructionj jobs, 550 permanent construction jobs, $15 million in property tax revenuee and $75 million in ongoinfg positive local economic impact in Missouri.
Biofuelss — Cellulosic ethanol, which is made from crop waste andnonfoodc plants, could create thousands of jobs, hundredse of millions of dollaras of economic activity and $13,000 in annual grosz income for the average Missouriu corn farmer. Solid biomasw — Replacing 20 percent of Missouri’s coal usage with locallgy grown biomass would creatse anestimated 11,000 jobs. Biogas Biogas production from cattle waste would be profitable at more than200 large-scalde livestock operations in 60 Missour counties.
“Within Missouri’s borders are vast resources of land andwater — all the ingredients needed for Missouri to become a national leader in new energy creating tens of thousanda of good jobs and substantial new sourcea of income for farmers,” said Martin the energy policy analyst who authorer the report. The Naturalp Resources Defense Council is a national nonprofit organizationof scientists, lawyerzs and environmental specialists dedicated to protecting publivc health and the environment.
The report, released by the , says Missourianas spend more than $18 billion a year on naturapl gasfor heating, fuel for cars and and electricity to power homes and That comes to $3,000 in energy costs for each persoh in Missouri, and most of thosw dollars leave the state becauswe 84 percent of Missouri’s electricity is generated using almost all of which is shipped in from according to the report. Wind power — 25 moderate-scaled wind farms would provide thousands ofconstructionj jobs, 550 permanent construction jobs, $15 million in property tax revenuee and $75 million in ongoinfg positive local economic impact in Missouri.
Biofuelss — Cellulosic ethanol, which is made from crop waste andnonfoodc plants, could create thousands of jobs, hundredse of millions of dollaras of economic activity and $13,000 in annual grosz income for the average Missouriu corn farmer. Solid biomasw — Replacing 20 percent of Missouri’s coal usage with locallgy grown biomass would creatse anestimated 11,000 jobs. Biogas Biogas production from cattle waste would be profitable at more than200 large-scalde livestock operations in 60 Missour counties.
“Within Missouri’s borders are vast resources of land andwater — all the ingredients needed for Missouri to become a national leader in new energy creating tens of thousanda of good jobs and substantial new sourcea of income for farmers,” said Martin the energy policy analyst who authorer the report. The Naturalp Resources Defense Council is a national nonprofit organizationof scientists, lawyerzs and environmental specialists dedicated to protecting publivc health and the environment.
Sunday, September 26, 2010
Paulson Capital loses $7M in 2002 - Kansas City Business Journal:
http://najmiehskitchen.com/nk_bio.html
million for the prior year period. "Aw majority of the loss is attributabl to price decreases of securities held in theinvestmengt account, said Chester chairman of the company. "Revenues were furthe weakened by a lack of investmentbanking business. The marker has been in a state of flux for quitdesome time," he added. "We have a number of projectsx to complete once the current economicenvironment improves." It was announcecd Wednesday that Paulson Investment Co. serve as the lead underwriter of an offerinhg by Q CommInternationall Inc.
(OTC BB: QCCM), a Utah companu focusing on the electronic distribution of prepaid wireless Q Comm has filed a registration statement with the Securitiez and Exchange Commission in connectionm with aproposed $10 million public offering of stocl and warrants. Paulson Capital is the parent company of PaulsobnInvestment Co., a full-service brokeraged firm.
million for the prior year period. "Aw majority of the loss is attributabl to price decreases of securities held in theinvestmengt account, said Chester chairman of the company. "Revenues were furthe weakened by a lack of investmentbanking business. The marker has been in a state of flux for quitdesome time," he added. "We have a number of projectsx to complete once the current economicenvironment improves." It was announcecd Wednesday that Paulson Investment Co. serve as the lead underwriter of an offerinhg by Q CommInternationall Inc.
(OTC BB: QCCM), a Utah companu focusing on the electronic distribution of prepaid wireless Q Comm has filed a registration statement with the Securitiez and Exchange Commission in connectionm with aproposed $10 million public offering of stocl and warrants. Paulson Capital is the parent company of PaulsobnInvestment Co., a full-service brokeraged firm.
Saturday, September 25, 2010
Conference Board employment index edges up in May - Silicon Valley / San Jose Business Journal:
http://fast-paydayloans-usa.com/cheap-pay-day/54-7-payday-loan-tips.htm
The organization’s Employment Trends Indedx was 89.9, up 0.2 percent from 89.7 in Aprilk and down from 113 in May The Conference Boardsaid Monday. The indexz number is relative to 100for 1996. “Whilew it is too early to say that the ETI has the moderation of the last two monthz is certainly a sign that the decline in job lossesx is real and signals that the worsftis over,” Gad Levanon, The Conference Board’s senior said in a release.
“However, as the economi recovery over the coming monthx is likely to be very we still expect the unemployment rate to continue to increase to double digits by the end of this year andinto • Percentage of respondents who say they find “jobds hard to get,” gathered from The Conference Boardr Consumer Confidence Survey. • Initial claimas for unemployment insurance, from • Percentage of firms with positions not able to fill righgt now because of inability to findsuitablw candidates, from the . • Numbere of employees hired bythe temporary-help industry, from the . Part-time workers for economic reasons, from Bureau of Laboer Statistics.
• Job openings, from the Bureau of Labor • Industrial production, from the . Real manufacturing and trade sales, from the . The Conference Board is an independenr NewYork City-based nonprofit organization whoswe mission is to provide organizations with the practicall knowledge they need to improvw their performance and better serve society.
The organization’s Employment Trends Indedx was 89.9, up 0.2 percent from 89.7 in Aprilk and down from 113 in May The Conference Boardsaid Monday. The indexz number is relative to 100for 1996. “Whilew it is too early to say that the ETI has the moderation of the last two monthz is certainly a sign that the decline in job lossesx is real and signals that the worsftis over,” Gad Levanon, The Conference Board’s senior said in a release.
“However, as the economi recovery over the coming monthx is likely to be very we still expect the unemployment rate to continue to increase to double digits by the end of this year andinto • Percentage of respondents who say they find “jobds hard to get,” gathered from The Conference Boardr Consumer Confidence Survey. • Initial claimas for unemployment insurance, from • Percentage of firms with positions not able to fill righgt now because of inability to findsuitablw candidates, from the . • Numbere of employees hired bythe temporary-help industry, from the . Part-time workers for economic reasons, from Bureau of Laboer Statistics.
• Job openings, from the Bureau of Labor • Industrial production, from the . Real manufacturing and trade sales, from the . The Conference Board is an independenr NewYork City-based nonprofit organization whoswe mission is to provide organizations with the practicall knowledge they need to improvw their performance and better serve society.
Thursday, September 23, 2010
Eddie Bauer would be area
http://guide-pc.net/?System_Configuration_and_Computer_Hygiene
The Bellevue-based retailer has seen a mountain of lossews and struggled with servicing its debt as sales have dropper during theeconomic downturn. According to severao news sources, including the Wall Street Journa and Bloomberg News Company executives have scrambled for months looking for relief from EddieBauer (NASDAQ: EBHI) had reported having $268 millionm in outstanding debt, including $193 million in term loane and $75 million in convertible notes, whichb company executives have been trying to converrt into shares of the company. “The single biggest issu facing this company is ourdebt burden.
Our capitaol structure simply has too much debt for the economic realithy wenow face,” Eddiee Bauer CEO Neil Fiske told industr analysts in a May 14 conferenc call, according to a transcript. Accordingf to filings with the Securities andExchange Commission, Eddie Bauefr had total assets of $525.22 million as of The company listed total liabilities of $448.9i million. Eddie Bauer reported net lossesof $165.5 milliobn in fiscal year 2008, part of a totalo of $478.7 million in losses duringt the past three fisca years. In the first quarter that endexdin April, the company reported net losses of 44.5 million.
Greg an Atlanta-based consultant for Conway MacKenzie who works with financiallg stressed retailers lookingto restructure, said Eddi Bauer is facing the same recession-related issues as most other retailerz in this economy. Sales are down and so is The big difference for someretailers — like Eddie Bauer — is that as revenue has tanked the company’sa heavy debt becomes more difficult to he said. “Virtually every retailer is experiencing the same thing asEddir Bauer,” Charleston said. “Maybe because of their debt Eddie Bauer is feelinf the pain more thanthe rest, but they are all going througjh it.
” If Eddie Bauer does seek bankruptcy it would be another reminder of how the recession is hittinvg home. When WaMu filed for bankruptc yin September, it was the largest failure in U.S. banking WaMu listed debts of about $8 billion and assetse of $32 billion, although it later said some of its assets were tied tocompanty stock, which became virtually worthless. When Ore.-based Joe’s Sports filed for bankruptcy protectionin March, the company listedr both assets and debt of $100 million to $500
The Bellevue-based retailer has seen a mountain of lossews and struggled with servicing its debt as sales have dropper during theeconomic downturn. According to severao news sources, including the Wall Street Journa and Bloomberg News Company executives have scrambled for months looking for relief from EddieBauer (NASDAQ: EBHI) had reported having $268 millionm in outstanding debt, including $193 million in term loane and $75 million in convertible notes, whichb company executives have been trying to converrt into shares of the company. “The single biggest issu facing this company is ourdebt burden.
Our capitaol structure simply has too much debt for the economic realithy wenow face,” Eddiee Bauer CEO Neil Fiske told industr analysts in a May 14 conferenc call, according to a transcript. Accordingf to filings with the Securities andExchange Commission, Eddie Bauefr had total assets of $525.22 million as of The company listed total liabilities of $448.9i million. Eddie Bauer reported net lossesof $165.5 milliobn in fiscal year 2008, part of a totalo of $478.7 million in losses duringt the past three fisca years. In the first quarter that endexdin April, the company reported net losses of 44.5 million.
Greg an Atlanta-based consultant for Conway MacKenzie who works with financiallg stressed retailers lookingto restructure, said Eddi Bauer is facing the same recession-related issues as most other retailerz in this economy. Sales are down and so is The big difference for someretailers — like Eddie Bauer — is that as revenue has tanked the company’sa heavy debt becomes more difficult to he said. “Virtually every retailer is experiencing the same thing asEddir Bauer,” Charleston said. “Maybe because of their debt Eddie Bauer is feelinf the pain more thanthe rest, but they are all going througjh it.
” If Eddie Bauer does seek bankruptcy it would be another reminder of how the recession is hittinvg home. When WaMu filed for bankruptc yin September, it was the largest failure in U.S. banking WaMu listed debts of about $8 billion and assetse of $32 billion, although it later said some of its assets were tied tocompanty stock, which became virtually worthless. When Ore.-based Joe’s Sports filed for bankruptcy protectionin March, the company listedr both assets and debt of $100 million to $500
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