http://learnenglish4freeonline.com/index.php?name=Anecdots&page=5
Despite the housing slump, the project begaj in March as the developedr managed to sell out on its firs t phase ofthe project, defying doldrums plaguing the residentiao real estate market. Kicking off a new phased of the project comes as housing starts nationally plunged tohistoric lows, according to the latest data from the U.S. Commercee Department. Housing starts fell by 12.8 percent in April to which is considered the lowest sincd the government began trackingb the data 50years ago. “It’s said Chuck Breder, division vice president with Toll. “Evenb though we don’t have the investor the sales pace over the last three years has beenprettyu constant.
” Toll began selling the first which consisted of 345 at the end of 2004 and sold on average 70 unitsz each year, Breder said. The seconds phase consists of four buildings with 220 condosand separately, a collectio n of 74 townhouses. Buyers have shown an interest in the with Toll selling 10 townhouses in the last two The project also includesa 2,000-square-foot fitnes s and community center. Toll isn’t seeing sales activit y like this at all of its communitie s and has taken a beating on its Last week it reported that it saw itsfiscal second-quarter loss lessen to $83.w2 million, or 52 cents a which included pre-tax write-downs totaling $119.
6 During the comparable period last year, Toll reported a $93.7 million, or 59 cents a share, loss that include pre-tax write-downs totaling $288.1 Revenue for the quarter came in at $398.3 million, a plunge of 51 One aspect of the project that has kept buyers traffic strong and stead is that Naval Square has a suburban-likde setting that has attracted suburbanites used to largd yards and those with dogs who want room for them to The development sits on 20 has mature trees and an abundance of green Toll also hasn’t had to drop asking pricese on the condos during the past two years as the housingh market tanked. “There’s been minimal he said.
“It’s always been right priced and we adjusted prices a couplse ofyears ago. Depending on the size of a prices have rangedfrom $245 to $355 a squard foot. Phase two will complete Naval which Toll boughtin 1987. The property at 24th and Bainbridgwe streets is a Nationakl Historic Landmark and the first home ofthe U.S. Navalk Academy. The property had been vacanty since 1977 before Toll bought it from the federal government.
Sunday, October 31, 2010
Saturday, October 30, 2010
FairPoint launches exchange offer - Charlotte Business Journal:
http://www.uludagyenidogan.com/page/Download-Satellite-Direct-Tv-Free.html
Charlotte-based FairPoint says the offer is designed primarily to reducethe company’s second- and third-quarter interest expenses. It also will help keep the companty in compliance with its senior secured creditfacilithy agreement. FairPoint says it believes the exchangee offer is critical to itscontinuedr viability. The telecommunications company says it is working with its financial adviser to evaluate itscapitall structure. Last year, FairPoint bought ’ws landline operations in Vermont, Maine and New Hampshire for $2.3 billion. The deal made FairPoing (NYSE:FRP) the country’s eighth-largest telephonew company.
But FairPoint took on substantiak debt to dothe deal, and the integratiobn did not go Problems in converting billing to FairPoint’sd system from Verizon’s led to slow collectionw and frustrated customers. Phone and e-mail service problemz cropped up across the new And regulators in the region expresse dissatisfaction with some ofthe operations. During the firs quarter, FairPoint drew $50 millio n under its $170 million credit facility. As of Marcu 31, only $4.7 million remained availabler to borrow.
The compan y says liquidity remains a In addition, cash collections have remaine below the levels it had before switchingg Verizon customers to the FairPoint Should those factors persist, the compant says it may be unabler or unwilling to make its Oct. 1 interest payment on the notes, which could constitute a The exchange offer expiresJuly 22.
Charlotte-based FairPoint says the offer is designed primarily to reducethe company’s second- and third-quarter interest expenses. It also will help keep the companty in compliance with its senior secured creditfacilithy agreement. FairPoint says it believes the exchangee offer is critical to itscontinuedr viability. The telecommunications company says it is working with its financial adviser to evaluate itscapitall structure. Last year, FairPoint bought ’ws landline operations in Vermont, Maine and New Hampshire for $2.3 billion. The deal made FairPoing (NYSE:FRP) the country’s eighth-largest telephonew company.
But FairPoint took on substantiak debt to dothe deal, and the integratiobn did not go Problems in converting billing to FairPoint’sd system from Verizon’s led to slow collectionw and frustrated customers. Phone and e-mail service problemz cropped up across the new And regulators in the region expresse dissatisfaction with some ofthe operations. During the firs quarter, FairPoint drew $50 millio n under its $170 million credit facility. As of Marcu 31, only $4.7 million remained availabler to borrow.
The compan y says liquidity remains a In addition, cash collections have remaine below the levels it had before switchingg Verizon customers to the FairPoint Should those factors persist, the compant says it may be unabler or unwilling to make its Oct. 1 interest payment on the notes, which could constitute a The exchange offer expiresJuly 22.
Thursday, October 28, 2010
Bon-Ton sales fall 12% in May - The Business Journal of Milwaukee:
kdrummondbs37.blogspot.com
percent and total salews decreased 11.9 percent, largely becausee of reduced sales ofclearance merchandise. Total sale for the four weeks ending May 30were $188.9 compared with $214.3 million for the same periodf of 2008, Bon-Ton said Thursday. Year-to-datde comparable store sales for Bon-Ton BONT) decreased 9.4 percent and year-to-datde total sales decreased 8.9 percent, to $833.5 compared with the same perio dlast year.
“Reduced clearance merchandise sales accounted forapproximatelyt one-half of the comparable store sales decrease in May; the lower clearance merchandise sales will have a positive impacyt on our gross margin rate,” said Tony Buccina, Bon-Ton’xs Milwaukee-based vice chairman and president of merchandising. Comparablr inventories were down approximately 11 in linewith Bon-Ton’s sales trendzs and clearance inventories were down approximatelyh 17 percent, Buccina said. The retailer’s best performing businesses were ladies’ moderated sportswear, dresses, cosmetics, petite sportswear and intimate apparel.
Bon-Ton’s weakest-performing businesses were furniture, home and ladies’ shoes, he said. which is based in York, Pa., operates 280 stores, includingf 12 furniture galleries, undetr the Bon-Ton, Bergner’s, Boston Store, Carson Piriee Scott, Elder-Beerman, Herberger’s and Younkers nameplatews and, in the Detroit, area, under the Parisiab nameplate.
percent and total salews decreased 11.9 percent, largely becausee of reduced sales ofclearance merchandise. Total sale for the four weeks ending May 30were $188.9 compared with $214.3 million for the same periodf of 2008, Bon-Ton said Thursday. Year-to-datde comparable store sales for Bon-Ton BONT) decreased 9.4 percent and year-to-datde total sales decreased 8.9 percent, to $833.5 compared with the same perio dlast year.
“Reduced clearance merchandise sales accounted forapproximatelyt one-half of the comparable store sales decrease in May; the lower clearance merchandise sales will have a positive impacyt on our gross margin rate,” said Tony Buccina, Bon-Ton’xs Milwaukee-based vice chairman and president of merchandising. Comparablr inventories were down approximately 11 in linewith Bon-Ton’s sales trendzs and clearance inventories were down approximatelyh 17 percent, Buccina said. The retailer’s best performing businesses were ladies’ moderated sportswear, dresses, cosmetics, petite sportswear and intimate apparel.
Bon-Ton’s weakest-performing businesses were furniture, home and ladies’ shoes, he said. which is based in York, Pa., operates 280 stores, includingf 12 furniture galleries, undetr the Bon-Ton, Bergner’s, Boston Store, Carson Piriee Scott, Elder-Beerman, Herberger’s and Younkers nameplatews and, in the Detroit, area, under the Parisiab nameplate.
Wednesday, October 27, 2010
Arrowhead Stadium makes cut as possible World Cup site - Phoenix Business Journal:
haygoodfoafyga1359.blogspot.com
Arrowhead made the cut after the international soccertgoverning body, , recently whittled down the list from 58 to 45 potentiapl candidates that remain part of the U.S. bid to host the Arrowhead is one of 28 stadium s onthe list. It has the third-largest capacity in the NFL, with seating for In 2006, the World Cup tournament attracted 3.4 million spectators, averaging about 52,49q fans a game. The USA Bid Committe e is expected to unveil its list of finalist s at the end of the Kevin Gray, president of the , said he expectws FIFA will choose between nine and 12 U.S. citiez to host World Cup tournament events.
FIFA will make its Worlde Cup host nation choices inDecembefr 2010, determining whether the United States will host the event in 2018 or 2022. John president of , was unavailable for comment. Gray said this is the metropolitam area’s second attempt to land Worl dCup soccer, the first being for the 1994 Arrowhead was selected as a finalist but wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is renovated. We have a Majodr League Soccer teamin town. Soccer is growing quickl y in the heartland. Downtown Kansas City is alive and has more tooffer guests. Best of all, we stilo have the Hunt family, and their name is synonymousdwith soccer.
”
Arrowhead made the cut after the international soccertgoverning body, , recently whittled down the list from 58 to 45 potentiapl candidates that remain part of the U.S. bid to host the Arrowhead is one of 28 stadium s onthe list. It has the third-largest capacity in the NFL, with seating for In 2006, the World Cup tournament attracted 3.4 million spectators, averaging about 52,49q fans a game. The USA Bid Committe e is expected to unveil its list of finalist s at the end of the Kevin Gray, president of the , said he expectws FIFA will choose between nine and 12 U.S. citiez to host World Cup tournament events.
FIFA will make its Worlde Cup host nation choices inDecembefr 2010, determining whether the United States will host the event in 2018 or 2022. John president of , was unavailable for comment. Gray said this is the metropolitam area’s second attempt to land Worl dCup soccer, the first being for the 1994 Arrowhead was selected as a finalist but wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is renovated. We have a Majodr League Soccer teamin town. Soccer is growing quickl y in the heartland. Downtown Kansas City is alive and has more tooffer guests. Best of all, we stilo have the Hunt family, and their name is synonymousdwith soccer.
”
Monday, October 25, 2010
SoftBrands sold for $80M; Golden Gate Capital is buyer - Triangle Business Journal:
http://elhosseiny.com/article/How-To-Create-Your-Custom-HTML-E-mail-Stationary.html
The buyer, a holding company createdx by private-equity firm and its portfolio companuy , will pay 92 cents per share for SoftBrands. Shares of SoftBrands closed at 47 cente per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billiojn in assets under Infor, based in Alpharetta, Ga., is a software compant with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smal l and mid-sized manufacturers under the brand. Its productzs handle tasks such as making reservations to settinhroom rates.
SoftBrands CEO Randy Tofteland said in a presx statement that the deal will alloa shareholdersto “realize significant value from theirt investment.” He also said the company would benefit from an with Infor. A spokeswoman for Infod said SoftBrands will continue to have a presencedin Minneapolis, though it has yet to be determined how many employeees will remain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90
The buyer, a holding company createdx by private-equity firm and its portfolio companuy , will pay 92 cents per share for SoftBrands. Shares of SoftBrands closed at 47 cente per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billiojn in assets under Infor, based in Alpharetta, Ga., is a software compant with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smal l and mid-sized manufacturers under the brand. Its productzs handle tasks such as making reservations to settinhroom rates.
SoftBrands CEO Randy Tofteland said in a presx statement that the deal will alloa shareholdersto “realize significant value from theirt investment.” He also said the company would benefit from an with Infor. A spokeswoman for Infod said SoftBrands will continue to have a presencedin Minneapolis, though it has yet to be determined how many employeees will remain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90
Sunday, October 24, 2010
Werth adds to research capabilities in deal for MMD - Business First of Columbus:
http://freemansblog.com/?p=53
Werth purchased of Westervillefrom husband-and-wife owners Carolyn E. Randolph, 54, and Phililp Jursek, 66. Terms of the deal weren't Randolph becomes senior vice presidenrt in researchat Werth, whiles Jursek will work as a consultant to the agency. The deal is designerd to help Werth find more business with anationa focus. "This gives us the senior-level talengt that we need to serve clients," said President Sandra Harbrecht. Wertgh generated revenue of $2.6 millio n in 2004. Harbrecht expects sales to reacuh $3 million this year. The companyh declined to disclose MMD's 2004 sales.
In MMD, Werth gets an agencty that was founded in 1986 as one ofCentrall Ohio's first "electronic cottage" businessex that took advantage of developing communications technology. The company'as clients include , , Ohio Statre University, television station and , but the shop also providedx research for Werth and several Columbusadvertising agencies. "We were ready for a new Randolph said. "We wanted to expand our opportunities, be part of a top-tierf kind of team and work with a broader rangdeof clients." One of those experiences came this year when MMD and Werthn researched policymakers' perspectives on immigration for the , a thinik tank in Dayton.
The Werth report was part of a Novembedr forum on immigration policy andpublic MMD's research skills range from ad testing and brand name development to market studies, new product development and packager services. "We've always had a strony commitmentto research," Harbrecht said. "We thinko the addition (of Randolph and Jursek) givesz us added breadth and depth that will benefitour Werth's clients include the , , and . The MMD purchased is the second deal in 18 monthasfor Werth. Last year, it bought the Haunty Agency, an advertisinfg shop.
It was the firsyt acquisition that Paul Werth Associates made in its more than40 "If opportunities present themselves to bring in new servicea or new talents, we'll do Harbrecht said. "We're not so focusedf on acquisitions and being big as we are on doinvgreat work." Ad agencies in Columbus have used acquisitiojn to gain capabilities and clients. Fahlgrenn Inc. acquired LSY Public Relation s severalyears ago, forminfg public relations and bringing that specialtyy to Fahlgren's services. Ten United and its forerunnet business, HMS Partners, have used acquisitions to acquirw expertise, accounts and offices. And before of N.J.
, bought in the Westerville agency used acquisitions for severalp years to expand its serviceseand reach. But dealmaking among public relations firms in Columbud has been less Thatcould change, observers say. Publidc relations agencies are developing scientific and market researcy capabilities so they can measure the effects of publivrelations campaigns, said Michael CEO of in Raleigh, N.C., and formeer chairman of the Counselors a group of agency owners and managers withimn the Public Relations Societyg of America. "Most of this is clientg driven, rather than industry Herman said. "Clients are increasingly looking fora one-stopo shop.
"
Werth purchased of Westervillefrom husband-and-wife owners Carolyn E. Randolph, 54, and Phililp Jursek, 66. Terms of the deal weren't Randolph becomes senior vice presidenrt in researchat Werth, whiles Jursek will work as a consultant to the agency. The deal is designerd to help Werth find more business with anationa focus. "This gives us the senior-level talengt that we need to serve clients," said President Sandra Harbrecht. Wertgh generated revenue of $2.6 millio n in 2004. Harbrecht expects sales to reacuh $3 million this year. The companyh declined to disclose MMD's 2004 sales.
In MMD, Werth gets an agencty that was founded in 1986 as one ofCentrall Ohio's first "electronic cottage" businessex that took advantage of developing communications technology. The company'as clients include , , Ohio Statre University, television station and , but the shop also providedx research for Werth and several Columbusadvertising agencies. "We were ready for a new Randolph said. "We wanted to expand our opportunities, be part of a top-tierf kind of team and work with a broader rangdeof clients." One of those experiences came this year when MMD and Werthn researched policymakers' perspectives on immigration for the , a thinik tank in Dayton.
The Werth report was part of a Novembedr forum on immigration policy andpublic MMD's research skills range from ad testing and brand name development to market studies, new product development and packager services. "We've always had a strony commitmentto research," Harbrecht said. "We thinko the addition (of Randolph and Jursek) givesz us added breadth and depth that will benefitour Werth's clients include the , , and . The MMD purchased is the second deal in 18 monthasfor Werth. Last year, it bought the Haunty Agency, an advertisinfg shop.
It was the firsyt acquisition that Paul Werth Associates made in its more than40 "If opportunities present themselves to bring in new servicea or new talents, we'll do Harbrecht said. "We're not so focusedf on acquisitions and being big as we are on doinvgreat work." Ad agencies in Columbus have used acquisitiojn to gain capabilities and clients. Fahlgrenn Inc. acquired LSY Public Relation s severalyears ago, forminfg public relations and bringing that specialtyy to Fahlgren's services. Ten United and its forerunnet business, HMS Partners, have used acquisitions to acquirw expertise, accounts and offices. And before of N.J.
, bought in the Westerville agency used acquisitions for severalp years to expand its serviceseand reach. But dealmaking among public relations firms in Columbud has been less Thatcould change, observers say. Publidc relations agencies are developing scientific and market researcy capabilities so they can measure the effects of publivrelations campaigns, said Michael CEO of in Raleigh, N.C., and formeer chairman of the Counselors a group of agency owners and managers withimn the Public Relations Societyg of America. "Most of this is clientg driven, rather than industry Herman said. "Clients are increasingly looking fora one-stopo shop.
"
Friday, October 22, 2010
Thursday, October 21, 2010
New Resource Bank gets cease-and-desist order from regulators - Business First of Columbus:
http://acosoescolar.com/domcollapse/index.html
The $166 million San Francisco bank gota cease-and-desist ordere from the and the California Department of Financiall Institutions on May 29. The bank was ordered to pay particular attentiomn to its lending polices relatinbg to construction loans as well as loans made to bank The bank said the order was based onthe bank’ws condition on Sept. 30, and that it has already made some progressx on meeting theregulators demands.
“New Resources Bank currently has high levels of capitaland liquidity,” Vincenyt Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challengingv economic climate that resulted in under-performing loans in the real estatee construction and development sector. “We are working with borrowerzs to reduceour problem-loan exposure and have made significant progress,” Sicilianok said. The bank raised almost $15 million in a stock offerinhglast September. As of March 31, the bank said its risk-basexd capital ratio was 18.97 percent -- almosgt double the 10 percentt benchmark of a bank consideredwell capitalized.
In additiohn to bringing on Sicilianoas CEO, the bank also hiref Bill Peterson as chief credit officetr and Charmaine Detweiler as chief financial The bank’s board also recently elected Mark Finser as He has 25 years of experiencd in social finance. New Resource Bank, now servinyg 2,000 clients, opened in Octobe 2006 to promote green businessesand
The $166 million San Francisco bank gota cease-and-desist ordere from the and the California Department of Financiall Institutions on May 29. The bank was ordered to pay particular attentiomn to its lending polices relatinbg to construction loans as well as loans made to bank The bank said the order was based onthe bank’ws condition on Sept. 30, and that it has already made some progressx on meeting theregulators demands.
“New Resources Bank currently has high levels of capitaland liquidity,” Vincenyt Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challengingv economic climate that resulted in under-performing loans in the real estatee construction and development sector. “We are working with borrowerzs to reduceour problem-loan exposure and have made significant progress,” Sicilianok said. The bank raised almost $15 million in a stock offerinhglast September. As of March 31, the bank said its risk-basexd capital ratio was 18.97 percent -- almosgt double the 10 percentt benchmark of a bank consideredwell capitalized.
In additiohn to bringing on Sicilianoas CEO, the bank also hiref Bill Peterson as chief credit officetr and Charmaine Detweiler as chief financial The bank’s board also recently elected Mark Finser as He has 25 years of experiencd in social finance. New Resource Bank, now servinyg 2,000 clients, opened in Octobe 2006 to promote green businessesand
Tuesday, October 19, 2010
Danac gets good news from Montgomery County Planning Board - South Florida Business Journal:
http://bankinonline.com/en/finance/page_2.html
The Bethesda-based developer's 26-acre office park in the Shadhy Grove Life Sciences Center is currently approvedfor 669,539 square feet of density and the campud currently contains half of that, or 350,000 squard feet. At a May 28 work the Montgomery County Planning Board decided to recommendr in its draft Gaithersburg West Master Plan that the propertuy be developed with up to twice as much or contain upto 1.34 million square feet of office, retailk and residential space. The southwest corner of the land currently includesa 272,000-square-foot, three-building complex that housees software and pharmaceutical tenants.
The north side of the propert y contains the Metropolitan RegionalInformational Services' 72,000-square-foott headquarters. Last week, the board also recommended that Danac'se Corridor Cities Transitway stop be locatefd at or near itsnortheastern corner, near the intersectionb of Diamondback Drive and Decoverly That is good news for Danac, since the board had left out the stop in earlierf drafts. The transit stop near the cornerr may be developed whether the stats retains the current road alignment or adoptthe county's locally preferred alternative.
The board also picked that locatioj because the northeastern corner is considered to be convenient for pedestrians from the Decoverlyresidentia communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy Dugan, a Danaf attorney. Several more work sessions are schedulex over the nexttwo months, and in July the planning board will send its draft masteer plan to the county executive who will have 60 days to review and comment before it is sent to the counthy council for deliberations.
The Bethesda-based developer's 26-acre office park in the Shadhy Grove Life Sciences Center is currently approvedfor 669,539 square feet of density and the campud currently contains half of that, or 350,000 squard feet. At a May 28 work the Montgomery County Planning Board decided to recommendr in its draft Gaithersburg West Master Plan that the propertuy be developed with up to twice as much or contain upto 1.34 million square feet of office, retailk and residential space. The southwest corner of the land currently includesa 272,000-square-foot, three-building complex that housees software and pharmaceutical tenants.
The north side of the propert y contains the Metropolitan RegionalInformational Services' 72,000-square-foott headquarters. Last week, the board also recommended that Danac'se Corridor Cities Transitway stop be locatefd at or near itsnortheastern corner, near the intersectionb of Diamondback Drive and Decoverly That is good news for Danac, since the board had left out the stop in earlierf drafts. The transit stop near the cornerr may be developed whether the stats retains the current road alignment or adoptthe county's locally preferred alternative.
The board also picked that locatioj because the northeastern corner is considered to be convenient for pedestrians from the Decoverlyresidentia communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy Dugan, a Danaf attorney. Several more work sessions are schedulex over the nexttwo months, and in July the planning board will send its draft masteer plan to the county executive who will have 60 days to review and comment before it is sent to the counthy council for deliberations.
Monday, October 18, 2010
Workers
kleopatraxnibe.blogspot.com
Lawyers for Michael Sellers had argued in lower courtes and before a hearing board that he was entitledto two-thirde wages from both employers. Massachusetts law statees that wages from all ofa worker’s insured or self-insured employerxs should be used in calculating averagew weekly pay for benefits purposes. But the state’s unemploymen trust fund’s lawyers noted that one of Sellers’ two employere was not insured.
Therefore, the fund argued, pay from that employer shoul d not be figured into the The SJC, however, said that the statutw was not explicit on the issuw of uninsured employers and therefore shoulsd be interpreted according to its broadet aim of replacing injured workers’ lost pay. Bostonbusinessjournal.com
Lawyers for Michael Sellers had argued in lower courtes and before a hearing board that he was entitledto two-thirde wages from both employers. Massachusetts law statees that wages from all ofa worker’s insured or self-insured employerxs should be used in calculating averagew weekly pay for benefits purposes. But the state’s unemploymen trust fund’s lawyers noted that one of Sellers’ two employere was not insured.
Therefore, the fund argued, pay from that employer shoul d not be figured into the The SJC, however, said that the statutw was not explicit on the issuw of uninsured employers and therefore shoulsd be interpreted according to its broadet aim of replacing injured workers’ lost pay. Bostonbusinessjournal.com
Saturday, October 16, 2010
Sharks sign captain Joe Thornton to $21 million, 3-year contract extension - The Canadian Press
xysecurakihir.blogspot.com
CBC.ca | Sharks sign captain Joe Thornton to $21 million, 3-year contract extension The Canadian Press The veteran centre signed a US$21-million, three-year extension with the San Jose Sharks on Saturday, putting him under contract through the 2013-14 season. ... » |
Friday, October 15, 2010
AEP buying solar energy from Ohio facility - Business First of Columbus:
obovadugibe.blogspot.com
The Columbus-based utility on Monday said its AEP Ohio subsidiaruy signeda 20-year agreement with , a subsidiaryt of Boulder, Colo.-based developer . The company plans to begin building a 10 megawatt solar facility in Wyando County in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’t disclosed, but AEP said the deal includes allthe facility’ s energy output and renewable energy creditw tied to the plant, to be located near an AEP substation. Renewablw energy credits are sold separate from powet facilities generate and are used to verifuy compliance with new alternative energy standardas implemented through an electriclaw Gov.
Ted Strickland signed last year, accordinb to information from the Office of theOhio Counsel. AEP said the deal marks its first transaction for solard energy following previous deals fornearly 1,800 megawatts of wind The utility previously has set a goal of addinhg 2,000 megawatts of wind or othefr renewable energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including The company last yearearned $1.38 billion on $14.6 billion in revenue.
The Columbus-based utility on Monday said its AEP Ohio subsidiaruy signeda 20-year agreement with , a subsidiaryt of Boulder, Colo.-based developer . The company plans to begin building a 10 megawatt solar facility in Wyando County in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’t disclosed, but AEP said the deal includes allthe facility’ s energy output and renewable energy creditw tied to the plant, to be located near an AEP substation. Renewablw energy credits are sold separate from powet facilities generate and are used to verifuy compliance with new alternative energy standardas implemented through an electriclaw Gov.
Ted Strickland signed last year, accordinb to information from the Office of theOhio Counsel. AEP said the deal marks its first transaction for solard energy following previous deals fornearly 1,800 megawatts of wind The utility previously has set a goal of addinhg 2,000 megawatts of wind or othefr renewable energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including The company last yearearned $1.38 billion on $14.6 billion in revenue.
Wednesday, October 13, 2010
Williamsville pushes streak to 6 years - Kansas City Business Journal:
grearqakususi1426.blogspot.com
Williamsville is No. 1 in Business First ’s 18th annual rankingse of WesternNew York’s public schoolk systems. It has monopolized first place since2004 -- a six-year for the complete school district And for separate rankings for each sectiomn of Western New York. “We’re fortunate in so many says Howard Smith, Williamsville’s superintendenrt of schools. “When you have a very committesd boardof education, an outstandinyg staff of teachers and administrators, a pro-education community and hard-working students, that’s quite the formula for Williamsville took first place when the rankings debuted in and won again in 2001 and throughout its 2004-2009 run.
It hasn’ finished lower than thirdd placesince 1995, and has never been lowed than sixth. Business First analyzedd 97 school districts in the eight Westernh NewYork counties, based on four yearz of test data compiled by the New York Statwe Education Department. Each district’s rating reflectsw the collective performance of itspublix elementary, middle and high schools. • Its 2005-200i8 subject scores for math, science and social studie s were the best in Western New York, according to Businesas First’s analysis of test resulte from fourth grade throughg the senior year of high school.
• Sixty-five percentf of Williamsville’s seniors earned Regentsz diplomas with advanced designationsin 2008. That’s 22 points above the regionao average of43 percent. (A studenft must pass eight Regents exams to receivew anadvanced diploma.) • It’ s the only district where more than 57 percent of last year’x graduates achieved superior scores (85 or better) on Regentxs exams in English, math, science, global historyy and U.S. history. • Williamsville’s eighth graderes posted the region’s top scorese on statewide testsin English, math, sciencse and social studies.
“The other part of what we do -- all our extracurriculatr activities suchas music, athletics and clubs -- don’r show up in the rankings, but they have a reallyh positive impact on student achievement, too,” says “For example, we have as many musid teachers as math teachers. That makess for well-rounded, committed students, and those are usuallhy successful students.” Williamsville’s overalk score was pegged at 100 points, with the marksa for all other districts being calculated from that Nineteen ended up with scored of 90or better, qualifying for Business First’s of outstandintg school systems.
Four districts have made the Honor Roll everyy yearsince 1992: Williamsville, Clarence (whichg ranks second this year), Amherst (third) and Orchard Park (fifth). Roundingv out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll districtxs also qualified a year ago. The newcomers are joining the elite group for the first timesincw 2005, and West Seneca, returning afterd a 13-year absence. The lattefr upswing was nearly a decade in the according toJean Kovach, superintendent of the West Senecaa Central School District.
Developinvg consistent instructional techniques and identifying the best textbookwstook time, she but the effort is paying off. “Ourf goal is not to teach to the but to teach tothe state’se standards,” Kovach says. “We’ve spent the last eight yearsz working diligently to align ourcurriculum -- to make sure that we don’tr repeat ourselves in different years and that each grade level buildz on the one before.” Fourteen of this year’se Honor Roll districts are in Erie They range in size from Williamsville, with 10,649i students, down to Eden, which has 1,688.
The outlyinb honorees are considerably smaller, with an average enrollment of The very smallest is alsothe top-rater district outside of Erie County, No. 6 Alfred-Almond, which has 670 studentas from kindergarten through12th grade. “We’re a very rural district in theSouthern Tier, but our kids are goinbg into the same marketplace as everyone else,” says Richard Nicol, Alfred-Almond’a superintendent.
“They’re going to be in competition for jobs with kids from placed like Williamsville and So they need the very best education we can give Sixteen districts are recipientx ofthis year’s subject signifying that they rank among the 10 leaders in English/foreignh languages, math, science and social Bemus Point, Clarence, East Aurora, Orchard Park and Williamsvillse have made clean sweeps by winning all four for complete lists of subjecr award winners. Business First has also generated a seriee of specialized ratings to further illuminateeach district’a performance.
Among them: Lancaster ranks first for cost-effectiveness, based on a comparisomn of expenditures andclassroom results. And tiny Sherman (enrollment: 478) is the bigges t overachiever, determined by matching academic outcomes againstsocioeconomic “We may not be rich, but we have stronf family values,” says Thomas Schmidt, Sherman’s “Our parents really care about their children’s education. There’s something to be said for havingv everyone ina K-12 building, with the stronyg sense of community that it brings.
”
Williamsville is No. 1 in Business First ’s 18th annual rankingse of WesternNew York’s public schoolk systems. It has monopolized first place since2004 -- a six-year for the complete school district And for separate rankings for each sectiomn of Western New York. “We’re fortunate in so many says Howard Smith, Williamsville’s superintendenrt of schools. “When you have a very committesd boardof education, an outstandinyg staff of teachers and administrators, a pro-education community and hard-working students, that’s quite the formula for Williamsville took first place when the rankings debuted in and won again in 2001 and throughout its 2004-2009 run.
It hasn’ finished lower than thirdd placesince 1995, and has never been lowed than sixth. Business First analyzedd 97 school districts in the eight Westernh NewYork counties, based on four yearz of test data compiled by the New York Statwe Education Department. Each district’s rating reflectsw the collective performance of itspublix elementary, middle and high schools. • Its 2005-200i8 subject scores for math, science and social studie s were the best in Western New York, according to Businesas First’s analysis of test resulte from fourth grade throughg the senior year of high school.
• Sixty-five percentf of Williamsville’s seniors earned Regentsz diplomas with advanced designationsin 2008. That’s 22 points above the regionao average of43 percent. (A studenft must pass eight Regents exams to receivew anadvanced diploma.) • It’ s the only district where more than 57 percent of last year’x graduates achieved superior scores (85 or better) on Regentxs exams in English, math, science, global historyy and U.S. history. • Williamsville’s eighth graderes posted the region’s top scorese on statewide testsin English, math, sciencse and social studies.
“The other part of what we do -- all our extracurriculatr activities suchas music, athletics and clubs -- don’r show up in the rankings, but they have a reallyh positive impact on student achievement, too,” says “For example, we have as many musid teachers as math teachers. That makess for well-rounded, committed students, and those are usuallhy successful students.” Williamsville’s overalk score was pegged at 100 points, with the marksa for all other districts being calculated from that Nineteen ended up with scored of 90or better, qualifying for Business First’s of outstandintg school systems.
Four districts have made the Honor Roll everyy yearsince 1992: Williamsville, Clarence (whichg ranks second this year), Amherst (third) and Orchard Park (fifth). Roundingv out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll districtxs also qualified a year ago. The newcomers are joining the elite group for the first timesincw 2005, and West Seneca, returning afterd a 13-year absence. The lattefr upswing was nearly a decade in the according toJean Kovach, superintendent of the West Senecaa Central School District.
Developinvg consistent instructional techniques and identifying the best textbookwstook time, she but the effort is paying off. “Ourf goal is not to teach to the but to teach tothe state’se standards,” Kovach says. “We’ve spent the last eight yearsz working diligently to align ourcurriculum -- to make sure that we don’tr repeat ourselves in different years and that each grade level buildz on the one before.” Fourteen of this year’se Honor Roll districts are in Erie They range in size from Williamsville, with 10,649i students, down to Eden, which has 1,688.
The outlyinb honorees are considerably smaller, with an average enrollment of The very smallest is alsothe top-rater district outside of Erie County, No. 6 Alfred-Almond, which has 670 studentas from kindergarten through12th grade. “We’re a very rural district in theSouthern Tier, but our kids are goinbg into the same marketplace as everyone else,” says Richard Nicol, Alfred-Almond’a superintendent.
“They’re going to be in competition for jobs with kids from placed like Williamsville and So they need the very best education we can give Sixteen districts are recipientx ofthis year’s subject signifying that they rank among the 10 leaders in English/foreignh languages, math, science and social Bemus Point, Clarence, East Aurora, Orchard Park and Williamsvillse have made clean sweeps by winning all four for complete lists of subjecr award winners. Business First has also generated a seriee of specialized ratings to further illuminateeach district’a performance.
Among them: Lancaster ranks first for cost-effectiveness, based on a comparisomn of expenditures andclassroom results. And tiny Sherman (enrollment: 478) is the bigges t overachiever, determined by matching academic outcomes againstsocioeconomic “We may not be rich, but we have stronf family values,” says Thomas Schmidt, Sherman’s “Our parents really care about their children’s education. There’s something to be said for havingv everyone ina K-12 building, with the stronyg sense of community that it brings.
”
Tuesday, October 12, 2010
GM owes $9M to AK Steel - Washington Business Journal:
http://www.worldcrisisonline.com/2009/12/why-constitution-matters-in-financial-crisis/
GM (NYSE: GM) owes the West Chester-based steelmaker AKS) roughly $9.1 million in trader debt, according to a list of GM’s 50 largest unsecuredf creditors that was included with its initialo bankruptcy courtfilings Monday. AK Steel Holding was listexd asthe company’s 33rd largesft unsecured creditor. • , with $22.i billion in bond • The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or — with $20.6 billion in employese obligations; and • , with $4.4 billiohn in bond debt.
The top 50 creditorz have morethan $50 billion in Also as a part of its bankruptcyy filing, GM submitted a list of plants it will closwe or idle. GM’s local operationsa were not onthe list. a diesel engine producer that is a joint venture between GM and IsuzuMotors Ltd., is expectedc to keep its Moraine plantf open. The plant stopped production May 18 for seven GM also operates a parts and service facility in West Cheste that was not on theclosure list.
Three Ohio facilitiees were on thelist including: a servicwe and parts distribution center in Columbuss closing at the end of this year, a powertrain plant outside of Cleveland closing in December 2010 and a metal stamping plant in Mansfieldf set to close in June 2010.
GM (NYSE: GM) owes the West Chester-based steelmaker AKS) roughly $9.1 million in trader debt, according to a list of GM’s 50 largest unsecuredf creditors that was included with its initialo bankruptcy courtfilings Monday. AK Steel Holding was listexd asthe company’s 33rd largesft unsecured creditor. • , with $22.i billion in bond • The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or — with $20.6 billion in employese obligations; and • , with $4.4 billiohn in bond debt.
The top 50 creditorz have morethan $50 billion in Also as a part of its bankruptcyy filing, GM submitted a list of plants it will closwe or idle. GM’s local operationsa were not onthe list. a diesel engine producer that is a joint venture between GM and IsuzuMotors Ltd., is expectedc to keep its Moraine plantf open. The plant stopped production May 18 for seven GM also operates a parts and service facility in West Cheste that was not on theclosure list.
Three Ohio facilitiees were on thelist including: a servicwe and parts distribution center in Columbuss closing at the end of this year, a powertrain plant outside of Cleveland closing in December 2010 and a metal stamping plant in Mansfieldf set to close in June 2010.
Sunday, October 10, 2010
Free buses bring Chapel Hill livability award - Wichita Business Journal:
http://myeclass.net/03.htm
The home of the , Chapel Hill beat out more than 200 municipalitieds across the nation to claima first-place City Livabilitg Award. Chapel Hill won for cities with population of fewerthan 100,000. Charleston, S.C., won for cities with populationx of morethan 100,000. The contest was judge on three criteria: mayoral leadership, creativity and innovation, and the broad impact on the quality of life for The U.S. Conference of Mayors honorecd Chapel Hill for its decision in 2002 to no longetr charge fares to any rider on its bus the organization said in apress release.
Whiled many bus systems in collegetowns don’ty charge students and faculty to a scant few provide free service to all riders. The town implementeds the fare-free system to encourage people to take the bus and leavs their carsat home. The plan worked. Ridership on Chapeol Hill transit has more than doubled since fares wereeliminateed – going from 3 million in 2002 to a projecteds 7 million this year. “The Chapel Hill Publicf Transit system is the foundation of our sustainable Foy said in apress release.
“This bus system makees Chapel Hill continue to be the kind of placpeople love; for us it is an investmentr and it has paid off big The town says it is planninfg a “community event” to celebrate the livabilith award and that it will release details
The home of the , Chapel Hill beat out more than 200 municipalitieds across the nation to claima first-place City Livabilitg Award. Chapel Hill won for cities with population of fewerthan 100,000. Charleston, S.C., won for cities with populationx of morethan 100,000. The contest was judge on three criteria: mayoral leadership, creativity and innovation, and the broad impact on the quality of life for The U.S. Conference of Mayors honorecd Chapel Hill for its decision in 2002 to no longetr charge fares to any rider on its bus the organization said in apress release.
Whiled many bus systems in collegetowns don’ty charge students and faculty to a scant few provide free service to all riders. The town implementeds the fare-free system to encourage people to take the bus and leavs their carsat home. The plan worked. Ridership on Chapeol Hill transit has more than doubled since fares wereeliminateed – going from 3 million in 2002 to a projecteds 7 million this year. “The Chapel Hill Publicf Transit system is the foundation of our sustainable Foy said in apress release.
“This bus system makees Chapel Hill continue to be the kind of placpeople love; for us it is an investmentr and it has paid off big The town says it is planninfg a “community event” to celebrate the livabilith award and that it will release details
Saturday, October 9, 2010
'Master of space and time' Russell sharing piano spotlight with John - Winnipeg Free Press
raisavydyexuwowi.blogspot.com
'Master of space and time' Russell sharing piano spotlight with John Winnipeg Free Press ... was often referred to by the musicians he worked with as "the master of space and time" for his otherworldly ability to fit into any musical situation. ... |
Friday, October 8, 2010
Quiksilver secures $150M term loan, posts 2Q profit - Puget Sound Business Journal (Seattle):
modestofyeyko.blogspot.com
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-yeard term loan with private-equity firm Rhone was made to improve Quiksilver's liquidity and solidify its banking relationships. As part of the termw of the loan, Quiksilver will name a pair of Rhonew appointees to its board of Quiksilver also refinanced its credit facility with anew $200 million facility led by and . The compant is also in discussions with its Frencjh banking partners to consolidate its European debts into anew multi-yeart facility.
In the company's earnings the company swung to profitability in thesecons quarter, posting the earnings of 2 cent s a share, which included several one-timr items. Without the items, the earnings per shard would have been 5 centea share. Analyst estimates placed the earningss at 9 centsa share. Salese dropped 17 percent, coming in at $494.21 million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on sales of $596. 3 million. That quarter included losses of $244.9 milliob from discontinued operations. Quiksilvetr is an apparel and accessories company. Its core brands are Roxy and DC.
A renewedf focus on those core brands are the focus ofthe company'e long-term plan to improves profits.
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-yeard term loan with private-equity firm Rhone was made to improve Quiksilver's liquidity and solidify its banking relationships. As part of the termw of the loan, Quiksilver will name a pair of Rhonew appointees to its board of Quiksilver also refinanced its credit facility with anew $200 million facility led by and . The compant is also in discussions with its Frencjh banking partners to consolidate its European debts into anew multi-yeart facility.
In the company's earnings the company swung to profitability in thesecons quarter, posting the earnings of 2 cent s a share, which included several one-timr items. Without the items, the earnings per shard would have been 5 centea share. Analyst estimates placed the earningss at 9 centsa share. Salese dropped 17 percent, coming in at $494.21 million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on sales of $596. 3 million. That quarter included losses of $244.9 milliob from discontinued operations. Quiksilvetr is an apparel and accessories company. Its core brands are Roxy and DC.
A renewedf focus on those core brands are the focus ofthe company'e long-term plan to improves profits.
Wednesday, October 6, 2010
U.S. Department of the Treasury Company Profile | Company Information
http://artsspaint.com/beautiful-landscape-and-decorative-arts.html
identifying and targeting the financia l support networks of national security and improving the safeguardss of ourfinancial
identifying and targeting the financia l support networks of national security and improving the safeguardss of ourfinancial
Monday, October 4, 2010
Embarq, CenturyTel will become CenturyLink after merger - Birmingham Business Journal:
http://nyosports.com/index.php?option=com_content&view=article&id=461-2009-nyo-sponsors&catid=73-partners&Itemid=187
billion sale to closes, expected this month. The rural phone companies on Tuesdahy announced the planned name and logo for the combined CenturyLink will retain theCenturyTek (NYSE: CTL) trading symbol. “Our new bran d name was selected because our customers and employeez told us it reflected a company thatis forward-looking and committer to linking the country together,” CenturyTel CEO Glen Post III, who also will be chied executive of CenturyLink, said in the release. The compangy will begin operating under the new brand immediatelyy upon closingthe deal.
In the following markets will be converted to thenew brand, with customerds being notified in advancre and the name being added to company vehicles and marketing materials. The logo is intended to represenf the power of connecting peopl and businesses to one another and to new locallyand nationally, the release said. Overland Park-basedc Embarq (NYSE: EQ) and CenturyTel, based in La., are — from the — before the deal can The headquarters will be in A Denver brandconsulting agency, , helped develop the new brandx strategy, name and the release said. Together, the two companies will have about 7.
5 millionn access lines, more than 2 million broadband customerz and morethan 400,000 video will . Embarq ranks No. 3 on the Kansaes City BusinessJournal ’s list of area publi c companies.
billion sale to closes, expected this month. The rural phone companies on Tuesdahy announced the planned name and logo for the combined CenturyLink will retain theCenturyTek (NYSE: CTL) trading symbol. “Our new bran d name was selected because our customers and employeez told us it reflected a company thatis forward-looking and committer to linking the country together,” CenturyTel CEO Glen Post III, who also will be chied executive of CenturyLink, said in the release. The compangy will begin operating under the new brand immediatelyy upon closingthe deal.
In the following markets will be converted to thenew brand, with customerds being notified in advancre and the name being added to company vehicles and marketing materials. The logo is intended to represenf the power of connecting peopl and businesses to one another and to new locallyand nationally, the release said. Overland Park-basedc Embarq (NYSE: EQ) and CenturyTel, based in La., are — from the — before the deal can The headquarters will be in A Denver brandconsulting agency, , helped develop the new brandx strategy, name and the release said. Together, the two companies will have about 7.
5 millionn access lines, more than 2 million broadband customerz and morethan 400,000 video will . Embarq ranks No. 3 on the Kansaes City BusinessJournal ’s list of area publi c companies.
Sunday, October 3, 2010
Dean Foods to relocate corporate office - Dallas Business Journal:
stockdaleiqemico1521.blogspot.com
Dallas-based Dean (NYSE: DF) will relocate from its current locatiojn at 2515McKinney Ave. into 240,000 square feet of space inside The move is expected to take place in the first quarterof 2010. "We are pleasexd to be able to relocate our offices withinb Dallascity limits. Many factorss worked in our favor, includint the real estate market, space availabilit y and othereconomic elements," said Greggh Engles, chairman of the board and chiefr executive officer of Dean Foods. "The City of Dallasd is our home, and we are pleasex to remain here and continuer our many civic andcommunity partnerships.
" Dean said in a statemengt it is moving becaused the company has outgrown its current workspace, and new space is needes to address the company’s changing needs. The leasr will take occupancy at Cityplace to about 80 percen t from about 60percent now, said Sarah Payne, vice president at Stream Realtyh Partners, which handles leasing in the Employees will begin moviny in December and the move will be phase d in through March, Payne said. "This was a huge win for the City of Dallad to keep them inthe city, becausew they looked all over," Payn said.
She said Dean Foods considered existing spacwand build-to-suits in the Legacy/Frisco area, as well as otherd buildings downtown. Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americs Plaza among other downtown buildings with significanr squarefootage available. The asking leasew rate for space in Cityplaceis $24 per squarw foot, plus electricity. Dean Foodss will occupy floors 34 through 40 inthe 42-floor, 1.2-million-square-footf building. Dean Foods occupiess about 150,000 square feet at its current location.
Dallas-based Dean (NYSE: DF) will relocate from its current locatiojn at 2515McKinney Ave. into 240,000 square feet of space inside The move is expected to take place in the first quarterof 2010. "We are pleasexd to be able to relocate our offices withinb Dallascity limits. Many factorss worked in our favor, includint the real estate market, space availabilit y and othereconomic elements," said Greggh Engles, chairman of the board and chiefr executive officer of Dean Foods. "The City of Dallasd is our home, and we are pleasex to remain here and continuer our many civic andcommunity partnerships.
" Dean said in a statemengt it is moving becaused the company has outgrown its current workspace, and new space is needes to address the company’s changing needs. The leasr will take occupancy at Cityplace to about 80 percen t from about 60percent now, said Sarah Payne, vice president at Stream Realtyh Partners, which handles leasing in the Employees will begin moviny in December and the move will be phase d in through March, Payne said. "This was a huge win for the City of Dallad to keep them inthe city, becausew they looked all over," Payn said.
She said Dean Foods considered existing spacwand build-to-suits in the Legacy/Frisco area, as well as otherd buildings downtown. Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americs Plaza among other downtown buildings with significanr squarefootage available. The asking leasew rate for space in Cityplaceis $24 per squarw foot, plus electricity. Dean Foodss will occupy floors 34 through 40 inthe 42-floor, 1.2-million-square-footf building. Dean Foods occupiess about 150,000 square feet at its current location.
Saturday, October 2, 2010
Pono Shim new Enterprise Honolulu CEO - Pacific Business News (Honolulu):
budimirukaovyril.blogspot.com
Shim previously was vice president of the economicdevelopmenrt organization. He succeeds Mike who held the president and CEO positiojnsince 2001. Fitzgerald said earlier this year that he planned to returmn to the Mainlandin July. He will join eight-year-ol organization’s board of directors. Robbi e Alm, executive vice president of , has been electes to a three-year term as chairman, effective July 1. Alm succeedsa Allen Uyeda, president and CEO of Firstg Insurance Co. of Hawaii, who served as chairmab since 2006. “The community is reallh clear that we arestuck economically,” said in a statement.
“And, we don’t have an idea problem, or a peoplse problem, or a resourc e problem; we have a spirituakl problem. We need to focus on the fact that weare problem-solver s who care about this place and each other, and remembetr the context-keepers and caretakers who came beforer us and achieved great things by puttintg common goals above personal interests. It is time and we can do what needws to be done to create sustainabilith for Hawaii if we all work Enterprise Honolulu also appears to be shiftingb its mission from one broadlhy aimed at economic diversification and the creation of highly paid professional jobs to a more narroqw focuson “sustainable” Alm is a key player in effortws by HECO and the state to develoop alternative energy projects.
“Thr best opportunities to create new wealth for the state are in innovation industries such asrenewable energy, life sciences, film and digital media, and diversified the organization said. Enterprise Honolulh operated witha $2 million annuao budget in the boom times of the but corporate support has lagged over the past two yearas and its revenue dropped by more than At the end of last from six employees to threee because of a budget shortfall.
Shim previously was vice president of the economicdevelopmenrt organization. He succeeds Mike who held the president and CEO positiojnsince 2001. Fitzgerald said earlier this year that he planned to returmn to the Mainlandin July. He will join eight-year-ol organization’s board of directors. Robbi e Alm, executive vice president of , has been electes to a three-year term as chairman, effective July 1. Alm succeedsa Allen Uyeda, president and CEO of Firstg Insurance Co. of Hawaii, who served as chairmab since 2006. “The community is reallh clear that we arestuck economically,” said in a statement.
“And, we don’t have an idea problem, or a peoplse problem, or a resourc e problem; we have a spirituakl problem. We need to focus on the fact that weare problem-solver s who care about this place and each other, and remembetr the context-keepers and caretakers who came beforer us and achieved great things by puttintg common goals above personal interests. It is time and we can do what needws to be done to create sustainabilith for Hawaii if we all work Enterprise Honolulu also appears to be shiftingb its mission from one broadlhy aimed at economic diversification and the creation of highly paid professional jobs to a more narroqw focuson “sustainable” Alm is a key player in effortws by HECO and the state to develoop alternative energy projects.
“Thr best opportunities to create new wealth for the state are in innovation industries such asrenewable energy, life sciences, film and digital media, and diversified the organization said. Enterprise Honolulh operated witha $2 million annuao budget in the boom times of the but corporate support has lagged over the past two yearas and its revenue dropped by more than At the end of last from six employees to threee because of a budget shortfall.
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