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Monday, December 31, 2012
Saturday, December 29, 2012
Covidien shareholders OK incorporation change - Baltimore Business Journal:
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The company pointed to the “possible adoption of various legislative and regulatory proposals in theUniterd States” including “proposals introduced in the U.S. to limiyt tax treaty benefits to companies that are domiciled and tax resident in countriea that do not have tax treaties withthe U.S., and potential federal and state legislative proposals that wouldd deny government contracts to such companies.
” “If enacted, we determined that theswe proposals, due to their potentially wide-rangintg scope, could have a materiakl and adverse impact on the companh and its shareholders,” the company Covidien said it selected Ireland because it has conducte d business there for nearly 30 years and has 6 facilitiesx and 2,000 employees The company also liked that Ireland “enjoyds strong relationships as a member of the European and that it’s an English-speaking Covidien, formerly known as , operates , also known as Mallinckrodt, which is locatedd in St. Louis and provides medical imaging technologyand pharmaceuticals. It was spun off from in 2007.
With 2008 revenude of nearly $10 billion, Covidiehn has 1,500 employees in St. Louis, more than 2,509 in Missouri and more than 41,000 employees worldwide.
The company pointed to the “possible adoption of various legislative and regulatory proposals in theUniterd States” including “proposals introduced in the U.S. to limiyt tax treaty benefits to companies that are domiciled and tax resident in countriea that do not have tax treaties withthe U.S., and potential federal and state legislative proposals that wouldd deny government contracts to such companies.
” “If enacted, we determined that theswe proposals, due to their potentially wide-rangintg scope, could have a materiakl and adverse impact on the companh and its shareholders,” the company Covidien said it selected Ireland because it has conducte d business there for nearly 30 years and has 6 facilitiesx and 2,000 employees The company also liked that Ireland “enjoyds strong relationships as a member of the European and that it’s an English-speaking Covidien, formerly known as , operates , also known as Mallinckrodt, which is locatedd in St. Louis and provides medical imaging technologyand pharmaceuticals. It was spun off from in 2007.
With 2008 revenude of nearly $10 billion, Covidiehn has 1,500 employees in St. Louis, more than 2,509 in Missouri and more than 41,000 employees worldwide.
Friday, December 28, 2012
Signs of life seen in Greater Baltimore home prices - Minneapolis / St. Paul Business Journal:
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Nationally, home prices are down 13 perceng from this time last ofColorado reported. But the rate at whicg those prices are falling has started to leveloff and, in threwe of four regions acrosss the country, posted either stable or positive gains in Only in the South did pricee continue to fall in April, down abougt .3 percent from April 2008, brought down by still-strugglingv markets including several Florida communities.
“It’s too soon to call this a turn in thehousin market, particularly given all the political and regulatorg uncertainties,” Integrated Asset Services CEO Dave McCarthy said in a “I think that we’re still in for some difficul spells ahead, but we are seeing a certain kind of pricing equilibrium in severao important markets. That’s encouraging for the long term.” In Baltimore home prices increased 3.5 perceng from March to April, accordinbg to the report. Prices are still down aboutg 12 percent when compared toApril 2008. • Home prices climbeed by .8 percent from Marcy to April in Anne Arundel but are stilldown 5.
6 percent from Apri l 2008; • Prices fell 1 percent in Baltimor County in the past month and are down 2.3 percentf from April 2008; • Harford County’ds home prices held steady in the past but are still down 3.5 percen from last year; • Prices fell .3 perceng in Howard County, and are down aboutg .1 percent from April 2008. The median sold price for a home sold in Greated Baltimore fellto $234,950 in April, down 2.1 percenrt from March, according to Metropolitan Regional Information Systems Inc.
of That compares to a 10 perceng drop from April when home prices stood atabout
Nationally, home prices are down 13 perceng from this time last ofColorado reported. But the rate at whicg those prices are falling has started to leveloff and, in threwe of four regions acrosss the country, posted either stable or positive gains in Only in the South did pricee continue to fall in April, down abougt .3 percent from April 2008, brought down by still-strugglingv markets including several Florida communities.
“It’s too soon to call this a turn in thehousin market, particularly given all the political and regulatorg uncertainties,” Integrated Asset Services CEO Dave McCarthy said in a “I think that we’re still in for some difficul spells ahead, but we are seeing a certain kind of pricing equilibrium in severao important markets. That’s encouraging for the long term.” In Baltimore home prices increased 3.5 perceng from March to April, accordinbg to the report. Prices are still down aboutg 12 percent when compared toApril 2008. • Home prices climbeed by .8 percent from Marcy to April in Anne Arundel but are stilldown 5.
6 percent from Apri l 2008; • Prices fell 1 percent in Baltimor County in the past month and are down 2.3 percentf from April 2008; • Harford County’ds home prices held steady in the past but are still down 3.5 percen from last year; • Prices fell .3 perceng in Howard County, and are down aboutg .1 percent from April 2008. The median sold price for a home sold in Greated Baltimore fellto $234,950 in April, down 2.1 percenrt from March, according to Metropolitan Regional Information Systems Inc.
of That compares to a 10 perceng drop from April when home prices stood atabout
Wednesday, December 26, 2012
$47.2M loan secured for apartments - Business First of Columbus:
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Village at Secret Lake LP closed ona $47.1 million construction permanent loan May 12 to financwe the Village at Secret Lake near the Orangw Lake Country Club. Osceola Counthy records show the projecrt is being built on a portion of the property that previouslyg was an RV park on the soutb sideof U.S. Highway 192 and the Danielk WebsterWestern Beltway. Carolyn Whatley, first vice presideny and senior loan originatorfor ’s Palm Beachn office, brokered the -insured It is the largest transaction processed throughj the Jacksonville this according to a news The $56 million Village at Secrety Lake is planned for 12, four-story buildingas with elevators, featuring a conservation pond, putting green, tot lot and oversized resort-style The project broke ground two weeks ago and is slated for completio n November 2010.
Malvern, Pa.-based James S. AIA & Associates LLC is the architect andJacksonvilld Beach-based LLC is the generao contractor.
Village at Secret Lake LP closed ona $47.1 million construction permanent loan May 12 to financwe the Village at Secret Lake near the Orangw Lake Country Club. Osceola Counthy records show the projecrt is being built on a portion of the property that previouslyg was an RV park on the soutb sideof U.S. Highway 192 and the Danielk WebsterWestern Beltway. Carolyn Whatley, first vice presideny and senior loan originatorfor ’s Palm Beachn office, brokered the -insured It is the largest transaction processed throughj the Jacksonville this according to a news The $56 million Village at Secrety Lake is planned for 12, four-story buildingas with elevators, featuring a conservation pond, putting green, tot lot and oversized resort-style The project broke ground two weeks ago and is slated for completio n November 2010.
Malvern, Pa.-based James S. AIA & Associates LLC is the architect andJacksonvilld Beach-based LLC is the generao contractor.
Tuesday, December 25, 2012
Decatur officers find marijuana packaged for sale during traffic stop; driver ... - al.com (blog)
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al.com (blog) | Decatur officers find marijuana packaged for sale during traffic stop; driver ... al.com (blog) tevin garth1.jpg Tevin Garth (Contributed by Decatur Police Department). DECATUR, Alabama - A driver who was pulled over for a moving violation landed in Decatur City Jail when marijuana packaged for sale was found in his car, a police report st ated. |
Monday, December 24, 2012
Ghostbusters-Inception Mash-Up is Why the Internet was Created - Heavy.com
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Heavy.com | Ghostbusters-Inception Mash-Up is Why the Internet was Created Heavy.com Ghostbusters is a nearly perfect movie. Finally, someone's figured out the one thing it was missing: Inception BRAAAAAAAAAAAAHMs. Thank you, Internet, for once again coming through to deliver something none of us thought we needed, but we totally did. < p size="-1" class="p"> |
Friday, December 21, 2012
SMF Energy announces $40M recapitalization - Kansas City Business Journal:
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The company (NASDAQ: FUEL) said in a news releas e that it estimates the recapitalization will reduceits short-termk debt by $9.5 million, its total debt by $4.4 million and its cash requirementz for interest and dividends by more than $1 millionb a year. It said shareholders' equity has been increased by morethan $4 milliomn as a result. SMF Energy said it extinguished all of itsexistinhg non-bank debt and outstanding preferreed stock through various agreements with dozens of existing debt and equituy investors, while converting its existing $25 million asset-based lendingv facility into a new, more favorable, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
8677 million in secured notes and $125,009 in unsecured notes. The company said it issuedd new stock to make up the balance paid for the cancellatiojn and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energ said in the release that the recapitalizationb took place with amended agreements withand . It said the only non-banki debt incurred in the recapitalization was an unsecured subordinaterd promissory noteof $800,000 at 5.5 percent interest issuex to an existing institutional investor in exchangde for $800,000 of one of the Augus 2007 11 percent senior secured convertible promissorg notes.
The institutional investor alsoexchanged $200,000 of the same secured note for shares of common stock priced at 38 centes a share, which was greater than the closintg bid price of the stock on the day befors the effective date. acted as SMF Energy’ds placement agent for the recapitalization and receivesd feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investmenrt banking agreement. SMF Energy supplies specializee transportation and distribution services for petroleum productsand chemicals.
It providezs commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducted operationz through 31 service locations in 11 Shares closed down nearly 3 cents to aboutf35 cents. The 52-week high was 71 centds on Aug. 28. The 52-weekl low was 10 cents on Feb. 20.
The company (NASDAQ: FUEL) said in a news releas e that it estimates the recapitalization will reduceits short-termk debt by $9.5 million, its total debt by $4.4 million and its cash requirementz for interest and dividends by more than $1 millionb a year. It said shareholders' equity has been increased by morethan $4 milliomn as a result. SMF Energy said it extinguished all of itsexistinhg non-bank debt and outstanding preferreed stock through various agreements with dozens of existing debt and equituy investors, while converting its existing $25 million asset-based lendingv facility into a new, more favorable, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
8677 million in secured notes and $125,009 in unsecured notes. The company said it issuedd new stock to make up the balance paid for the cancellatiojn and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energ said in the release that the recapitalizationb took place with amended agreements withand . It said the only non-banki debt incurred in the recapitalization was an unsecured subordinaterd promissory noteof $800,000 at 5.5 percent interest issuex to an existing institutional investor in exchangde for $800,000 of one of the Augus 2007 11 percent senior secured convertible promissorg notes.
The institutional investor alsoexchanged $200,000 of the same secured note for shares of common stock priced at 38 centes a share, which was greater than the closintg bid price of the stock on the day befors the effective date. acted as SMF Energy’ds placement agent for the recapitalization and receivesd feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investmenrt banking agreement. SMF Energy supplies specializee transportation and distribution services for petroleum productsand chemicals.
It providezs commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducted operationz through 31 service locations in 11 Shares closed down nearly 3 cents to aboutf35 cents. The 52-week high was 71 centds on Aug. 28. The 52-weekl low was 10 cents on Feb. 20.
Thursday, December 20, 2012
MakerBot purges user-generated weapon blueprints from 3D printing community ... - The Verge
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MakerBot purges user-generated weapon blueprints from 3D printing community ... The Verge 3D printing company MakerBot has deleted a number of blueprints for gun parts from Thingiverse, a site that collects user-generated models for 3D-printing. The weapon components have long been prohibited under the site's terms of service, which state ... |
Monday, December 17, 2012
SIUE goes to court over failed conference center - Business Courier of Cincinnati:
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Developer William Shaw and couldn’t come up with financing for the hotel andconference center, whic was to be called the Spriny Green Lodge and located at University SIUE’s research and technology according to university spokesman Gregory Conroy. The project, firsyt announced in 2004, died in 2007 when a ground lease betweenn SIU and WLS expired following extensions for the SIUE filed a declaratory judgment action Monday inMadison County, seeking to have the court brinv legal closure to its hotel conference center project.
If approved, WLS wouls have to remove all construction equipment and materials and remove the building foundation it constructed to comply with the termw ofthe lease, Conroy said. That would free up the located at Illinois Route 157 and UniversityPark Drive, to becom available for lease and development, the universityg said. University Park currently has 23 tenantse representing a number of business sectors includingvagricultural biotechnology, health sciences, design professionales and information technology. The most recentf announced addition to the park is the Blood Processing Centere and NationalTesting Laboratory.
The American Red Cross plans to move toa 15-acres site at University Park Drive and South Researcb Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financing for the hotel andconference center, whic was to be called the Spriny Green Lodge and located at University SIUE’s research and technology according to university spokesman Gregory Conroy. The project, firsyt announced in 2004, died in 2007 when a ground lease betweenn SIU and WLS expired following extensions for the SIUE filed a declaratory judgment action Monday inMadison County, seeking to have the court brinv legal closure to its hotel conference center project.
If approved, WLS wouls have to remove all construction equipment and materials and remove the building foundation it constructed to comply with the termw ofthe lease, Conroy said. That would free up the located at Illinois Route 157 and UniversityPark Drive, to becom available for lease and development, the universityg said. University Park currently has 23 tenantse representing a number of business sectors includingvagricultural biotechnology, health sciences, design professionales and information technology. The most recentf announced addition to the park is the Blood Processing Centere and NationalTesting Laboratory.
The American Red Cross plans to move toa 15-acres site at University Park Drive and South Researcb Drive and bring more than 500 jobs to the
Sunday, December 16, 2012
$47.2M loan secured for apartments - Business First of Columbus:
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Village at Secret Lake LP closed ona $47.2 million construction permanent loan May 12 to finance the Village at Secretf Lake near the Orange Lake Country Club. Osceola County records show the projecy is being built on a portion of the propertt that previously was an RV park on the south sideof U.S. Highwayu 192 and the Daniel WebsterWestern Beltway. Carolynh Whatley, first vice president and seniotr loan originatorfor ’s Palm Beach office, brokered the -insuredr loan. It is the largestt transaction processed through the Jacksonvillethis year, accordinhg to a news release.
The $56 million Village at Secret Lake is planneddfor 12, four-story buildingzs with elevators, featuring a conservatio n area, pond, putting green, tot lot and oversized resort-stylse pool. The project broke ground two weeks ago and is slatedr for completionNovember 2010. Malvern, Pa.-based Jamexs S. Carr, AIA & Associates LLC is the architect andJacksonville Beach-basedf LLC is the general contractor.
Village at Secret Lake LP closed ona $47.2 million construction permanent loan May 12 to finance the Village at Secretf Lake near the Orange Lake Country Club. Osceola County records show the projecy is being built on a portion of the propertt that previously was an RV park on the south sideof U.S. Highwayu 192 and the Daniel WebsterWestern Beltway. Carolynh Whatley, first vice president and seniotr loan originatorfor ’s Palm Beach office, brokered the -insuredr loan. It is the largestt transaction processed through the Jacksonvillethis year, accordinhg to a news release.
The $56 million Village at Secret Lake is planneddfor 12, four-story buildingzs with elevators, featuring a conservatio n area, pond, putting green, tot lot and oversized resort-stylse pool. The project broke ground two weeks ago and is slatedr for completionNovember 2010. Malvern, Pa.-based Jamexs S. Carr, AIA & Associates LLC is the architect andJacksonville Beach-basedf LLC is the general contractor.
Friday, December 14, 2012
Whistleblower suits filed against medical device companies, including Medtronic, St. Jude Medical - Kansas City Business Journal:
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A Houston court unsealed documentx related to the legal complaints on Other companies named in the suitinclude , a Natick, Mass.-base d firm with operations in Maplr Grove and Arden and , of San Ramon, Endoscopic has agreed to pay $1.4 million to settled a claim filed by the U.S. Justice Fridley-based Medtronic said in a statemen that the unsealing of the documengt isa "normal step in the process set forth in the statuts for the handling of these kinds of "As with all litigatioj matters, this case will run its courswe through the judicial process, where Medtronic will file its responsesz and argue its positions," the company stated.
Officialws from Boston Scientific and Little Canada-based St. Jude Medical couldn’t immediately be reached for commentWednesday morning. The recent allegations accused the device companies of marketing products used to remove scar tissue as treatments foratrialo fibrillation, an abnormal heart rhythm. Federal regulators had not approvedc the use of the devices as a meanws to addressatrial fibrillation.
A Houston court unsealed documentx related to the legal complaints on Other companies named in the suitinclude , a Natick, Mass.-base d firm with operations in Maplr Grove and Arden and , of San Ramon, Endoscopic has agreed to pay $1.4 million to settled a claim filed by the U.S. Justice Fridley-based Medtronic said in a statemen that the unsealing of the documengt isa "normal step in the process set forth in the statuts for the handling of these kinds of "As with all litigatioj matters, this case will run its courswe through the judicial process, where Medtronic will file its responsesz and argue its positions," the company stated.
Officialws from Boston Scientific and Little Canada-based St. Jude Medical couldn’t immediately be reached for commentWednesday morning. The recent allegations accused the device companies of marketing products used to remove scar tissue as treatments foratrialo fibrillation, an abnormal heart rhythm. Federal regulators had not approvedc the use of the devices as a meanws to addressatrial fibrillation.
Thursday, December 13, 2012
Pengusaha Dukung Jokowi Bangun Jakarta Baru - Detikcom
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Detikcom | Pengusaha Dukung Jokowi Bangun Jakarta Baru Detikcom Pengusaha Dukung Jokowi Bangun Jakarta Baru. Wiji Nurhayat - detikfinance. Kamis, 13/12/2012 21:37 WIB. Browser anda tidak mendukung iFrame. Jakarta - Kamar Dagang dan Industri (Kadin) DKI Jakarta mengandalkan sepenuhnya kemajuan DKI ... |
Wednesday, December 12, 2012
Curtain rises on Great Yarmouth's new tourism brochure - Norfolk Eastern Daily Press
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Curtain rises on Great Yarmouth's new tourism brochure Norfolk Eastern Daily Press Following the unveiling of the brochure, its design reflecting growing nostalgia for childhood holidays, guests at the theatre were treated to the premiere of Yarmouth's 2013 television advert filmed at a range of locations over the summer. Michael ... |
Monday, December 10, 2012
With rental housing at a premium, older complexes need a facelift - Business First of Columbus:
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“Rental housing is at a premium,” said Jay executive director ofthe . Ken president of , a Columbus real estatd research firm, said buyingf and renovating existing properties is more attractive thes e days thannew construction. “But buyers don’t flip unit s once they’re fixed up,” he said. they raise rents and try to get backtheir investment.” Some older properties, Danter said, don’t lend themselvesd to financial viability. A unit could have a good but couldbe “functionally obsolete.” In that case, theree might not be enough of a return in highert rents if a lot of money has to be sunk into improvintg the facility.
Obsolete units are thosed that would require new plumbing and electrica l service among other costly such as making it accessible tothe elderly. Small bedroomsz with no closets also mighft be a limiting factor despite agood location. “Location is critical, if not the most importantf factor,” Danter said, “but it has to be the rightg concept at theright price.” J. Rosenbusch, vice presidenr of investmentsat , said there’sw a reason rental unitw need rehabilitation. People who bought property in late 2004 through 2006now can’f keep up with the debt, he said. “They’re over-leverage d and let it all go.
They have a pretty significany vacancy issue and notablephysical issues. You see a lot of work needa tobe done,” he said. “It becomea more of a management issue. They can’g handle the property any more.” Rosenbusch said he and his Associate Vice PresidentMatthew Gockstetter, have seen an increasew in activity in the rehab The economy played some role in that, but he blamede owners for not understanding what they were getting into. Whilse they thought they were gettinv deals, they were actually buying when the unitw were selling atpeak prices, which have since faltered.
particularly those coming into the market for the first time, didn’t understand financing, taxes and insurance issues. Rosenbuschh said purchasing rental units is now one of the easierf avenues tofind financing. He also said there’s been increased activity by out-of-state buyers who see an opportunitgy to getgood deals. Columbus has had a stable rental market. But vacancies rose when subprim e mortgages made it possible for rentere to jump intoa home. Five yeard ago, Rosenbusch said, there was high vacancy and a lot of unitsd onthe market. “Columbus was beat he said. It’s a good time to said Brent Crawford, a principal in Columbus-based .
The company recentlt bought RemingtonStation Apartments, a 344-unit complex in Westerville. It also is renovatint Olentangy Commons Apartmentsat S.R. 315 and Henderson Road. Crawford expects the demand for renovated apartmentws to remain strong for three tofour years. With construction and land acquisitionj costs high and credit the new-build market has softened, makinbg it difficult for companies in that business to ramp up in a “You can’t just add 10,000 units,” he said. “We’re not seeint excessive building.
” Instead, upgrading counter tops, molding and cabinets allows renovators to raiser theirrent $75 to $100 a Crawford said his company tendse to hold onto rehabbed units a minimum of five years. Rentakl housing, with many locations having wait lists, is a good Still, Scott urged caution. “There’s a host of things that go intothess properties,” he said. “It may not translate into profit ofgreatf significance. There are outside forces and a different kind of If your creditis good, there is monehy out there. But it may be difficult to securee financing to do some of the thingsx that need tobe done.
”
“Rental housing is at a premium,” said Jay executive director ofthe . Ken president of , a Columbus real estatd research firm, said buyingf and renovating existing properties is more attractive thes e days thannew construction. “But buyers don’t flip unit s once they’re fixed up,” he said. they raise rents and try to get backtheir investment.” Some older properties, Danter said, don’t lend themselvesd to financial viability. A unit could have a good but couldbe “functionally obsolete.” In that case, theree might not be enough of a return in highert rents if a lot of money has to be sunk into improvintg the facility.
Obsolete units are thosed that would require new plumbing and electrica l service among other costly such as making it accessible tothe elderly. Small bedroomsz with no closets also mighft be a limiting factor despite agood location. “Location is critical, if not the most importantf factor,” Danter said, “but it has to be the rightg concept at theright price.” J. Rosenbusch, vice presidenr of investmentsat , said there’sw a reason rental unitw need rehabilitation. People who bought property in late 2004 through 2006now can’f keep up with the debt, he said. “They’re over-leverage d and let it all go.
They have a pretty significany vacancy issue and notablephysical issues. You see a lot of work needa tobe done,” he said. “It becomea more of a management issue. They can’g handle the property any more.” Rosenbusch said he and his Associate Vice PresidentMatthew Gockstetter, have seen an increasew in activity in the rehab The economy played some role in that, but he blamede owners for not understanding what they were getting into. Whilse they thought they were gettinv deals, they were actually buying when the unitw were selling atpeak prices, which have since faltered.
particularly those coming into the market for the first time, didn’t understand financing, taxes and insurance issues. Rosenbuschh said purchasing rental units is now one of the easierf avenues tofind financing. He also said there’s been increased activity by out-of-state buyers who see an opportunitgy to getgood deals. Columbus has had a stable rental market. But vacancies rose when subprim e mortgages made it possible for rentere to jump intoa home. Five yeard ago, Rosenbusch said, there was high vacancy and a lot of unitsd onthe market. “Columbus was beat he said. It’s a good time to said Brent Crawford, a principal in Columbus-based .
The company recentlt bought RemingtonStation Apartments, a 344-unit complex in Westerville. It also is renovatint Olentangy Commons Apartmentsat S.R. 315 and Henderson Road. Crawford expects the demand for renovated apartmentws to remain strong for three tofour years. With construction and land acquisitionj costs high and credit the new-build market has softened, makinbg it difficult for companies in that business to ramp up in a “You can’t just add 10,000 units,” he said. “We’re not seeint excessive building.
” Instead, upgrading counter tops, molding and cabinets allows renovators to raiser theirrent $75 to $100 a Crawford said his company tendse to hold onto rehabbed units a minimum of five years. Rentakl housing, with many locations having wait lists, is a good Still, Scott urged caution. “There’s a host of things that go intothess properties,” he said. “It may not translate into profit ofgreatf significance. There are outside forces and a different kind of If your creditis good, there is monehy out there. But it may be difficult to securee financing to do some of the thingsx that need tobe done.
”
Sunday, December 9, 2012
Kansas City cuts 416 jobs - Kansas City Business Journal:
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Mary Charles, communications director for the city, said that 141 of the positionsx are filled and that 275are vacant. The cuts represenr 10.2 percent of the city’d work force of 4,066. In a release, the city said that additionap positions may be eliminated Of the 141 filled positions 123 are management and 18 arelabor positions. The city isn't disclosing yet whichj departments thelayoffs affected. The city is offering severancre pay, continuation of insurance benefitsthrough COBRA, outplacement services and a city-sponsorec employee-assistance program. The job cuts come as a significant cost-cutting feature in the ’s reconciliation of a $1.
286 billion budget that included patching upan $87 million The City Council . In additioj to the job cuts, the budge t includes a salary freeze for city employees and a reductiohn ofemployee benefits.
Mary Charles, communications director for the city, said that 141 of the positionsx are filled and that 275are vacant. The cuts represenr 10.2 percent of the city’d work force of 4,066. In a release, the city said that additionap positions may be eliminated Of the 141 filled positions 123 are management and 18 arelabor positions. The city isn't disclosing yet whichj departments thelayoffs affected. The city is offering severancre pay, continuation of insurance benefitsthrough COBRA, outplacement services and a city-sponsorec employee-assistance program. The job cuts come as a significant cost-cutting feature in the ’s reconciliation of a $1.
286 billion budget that included patching upan $87 million The City Council . In additioj to the job cuts, the budge t includes a salary freeze for city employees and a reductiohn ofemployee benefits.
Saturday, December 8, 2012
Here's Why We Need Our Own Disaster Housing: FEMA Refuses Setting Up ... - New York Observer
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New York Observer | Here's Why We Need Our Own Disaster Housing: FEMA Refuses Setting Up ... New York Observer Still, some news yesterday reaffirmed the importance of the city developing its own disaster housing model, since national models may not work here, due to issues of density and open space suitable for installing the infamous FEMA trailer. Indeed, FEMA ... |
Thursday, December 6, 2012
Avista test-drives hybrid to understand future demands - Puget Sound Business Journal (Seattle):
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The Spokane-based utility recentlt rolled out a program to testtwo plug-in electricd hybrids that will run off solare power. Tests of the “Avista Sun Car” should help the utilitt plan for a future that will include farmore plug-inn cars, and give employees and the publi at large a better sense of how plug-ih cars and renewable energy might work together. “Th way to accomplish this is to put these things in the handa of people and let them playwith them, becaused it builds awareness,” said Avista’s Dave manager of applied research and rolled out the programk on Earth Day, April 22.
The move was Less than a month later, Presidentt Barack Obama’s administration rolled out a plan for a new nationak fuel economy andemissions standard, which seems likely to speed developmentf and adoption of plug-ibn electric hybrids.
The Spokane-based utility recentlt rolled out a program to testtwo plug-in electricd hybrids that will run off solare power. Tests of the “Avista Sun Car” should help the utilitt plan for a future that will include farmore plug-inn cars, and give employees and the publi at large a better sense of how plug-ih cars and renewable energy might work together. “Th way to accomplish this is to put these things in the handa of people and let them playwith them, becaused it builds awareness,” said Avista’s Dave manager of applied research and rolled out the programk on Earth Day, April 22.
The move was Less than a month later, Presidentt Barack Obama’s administration rolled out a plan for a new nationak fuel economy andemissions standard, which seems likely to speed developmentf and adoption of plug-ibn electric hybrids.
Wednesday, December 5, 2012
FAA pushes regional airline safety - Dallas Business Journal:
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Babbitt said the FAA is callingfon U.S. airlines to send in specific planx on how they will enhanc e safety guidelines at both regionapl andmajor airlines. The agencyu wants the airlines and their labor unions to responc byJuly 31. The FAA also said airlined are now charged with obtaining all pilotg records filed withthe FAA. Babbitt announced earlier in the year that the crash of a flightr over Buffalo prompted additional discussions aboutg training and safety compliance withinm regionalair carriers. On June 15, Babbitf and U.S.
Secretary of Transportation Ray LaHood met with airlind safety executives and pilots unions to discuss ways to reducer risk at regional airlines while promotingh best practices frommajor airlines. Of the two Metroplex-based only Fort Worth-based operates a regional subsidiary, . Dallas-bases (NYSE: LUV) does not operates a regional subsidiary. Pilot fatigue is a top priority, Babbittg said Monday, and the FAA is working to create new flight time and rest rulese that are based on scientifid findings relatedto fatigue. In addition, FAA inspectors are studying airlinwe procedures for identifying pilots that show a need for additionap training or who have failed certain theFAA said.
The FAA adder that it expects airlines that have contracts with regionall airlines to develop programs in whichy safety data is In addition, the FAA asker carriers to implement a policy to mandatw that pilot applicants release all records held by the FAA to theirr prospective employers during the hiring process.
Babbitt said the FAA is callingfon U.S. airlines to send in specific planx on how they will enhanc e safety guidelines at both regionapl andmajor airlines. The agencyu wants the airlines and their labor unions to responc byJuly 31. The FAA also said airlined are now charged with obtaining all pilotg records filed withthe FAA. Babbitt announced earlier in the year that the crash of a flightr over Buffalo prompted additional discussions aboutg training and safety compliance withinm regionalair carriers. On June 15, Babbitf and U.S.
Secretary of Transportation Ray LaHood met with airlind safety executives and pilots unions to discuss ways to reducer risk at regional airlines while promotingh best practices frommajor airlines. Of the two Metroplex-based only Fort Worth-based operates a regional subsidiary, . Dallas-bases (NYSE: LUV) does not operates a regional subsidiary. Pilot fatigue is a top priority, Babbittg said Monday, and the FAA is working to create new flight time and rest rulese that are based on scientifid findings relatedto fatigue. In addition, FAA inspectors are studying airlinwe procedures for identifying pilots that show a need for additionap training or who have failed certain theFAA said.
The FAA adder that it expects airlines that have contracts with regionall airlines to develop programs in whichy safety data is In addition, the FAA asker carriers to implement a policy to mandatw that pilot applicants release all records held by the FAA to theirr prospective employers during the hiring process.
Tuesday, December 4, 2012
Optimistic outlook pins hope on growing sectors - Portland Business Journal:
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Priest's group, , released the "2008 Greater Portland Prosperity Index" on Wednesday. It paintws an optimistic picture ofthe region's potential in a rang e of business, demographic and quality of life metricz compared to nine other metro areas across the westerjn United States. In the next five years, Portland's grosx regional product is predicted togrow 29.1 percengt to $144.1 billion, behind only that of Texas. The Portland region boasts the second-lowestg average price for industrial space among the nine at $6.34 per square Only Denver's is lower.
The price in severak California cities is more than double that of Average Class A office pric per square footis $25.30, lowe r than all other cities except Albuquerquw and Austin. The index, done in conjunction with Philadelphia-based forecasting firm Global Insight, compares the region to nine othedmetro areas: Seattle, Sacramento, San Francisco, San Jose, Los Angeles, San Diego, Albuquerqu and Austin. Priest came to Greenlight last fall after leading a similar economic developmenr groupin Washington, D.C. Greenlight, which has threwe employees, is a consortium of private-sector Portland's information industry will grow over the next five adding anestimated 2,000 jobs.
The growtn rate is second only to Growth rate: 7.7% Construction, natural resources: Portland's constructiobn and natural resources sector will bringing the number of workers to128,700. The growty rate, second only to that of is three times faster than thatof Seattle. Growtu rate: 7.2% The financial sector in Portlanc will outpace benchmark regions except San Diego andSan Jose. The additionapl 8,500 jobs will bring the total to 78,300. Growth 12.2% Greater Portland's professional and business services sectodr is projected toadd 32,000 new jobs over the next five years. That will brin g the region's total to 170,300 workersa by 2013. Growth rate: 23.
3% Greenlight Greater Portland"We want to find a way to converft our image around being a sustainabld communityinto quality, high-paying jobs," Priest, who is Greenlight'ss CEO, told the Business Journal in March. The study identifiedf several localgrowth sectors, including professional, financiapl and information services and construction and natural resources. Portland's professional and business servicesx sector will grow 23 percent to morethan 170,000 workers by 2013. Overalpl cost of living is cheaper than in Seattle and the five Californiacities surveyed. Average rent for a one-bedroonm apartment is $875, third-lowest, behind only Denvere and Albuquerque.
Median housing price, at $295,300, is The population in the Portland-Vancouver-Beaverton area is predicted to increase 8 percent tonearly 2.4 millioj people in the next five years. The studyt also measured qualityof life. Portlandc leads all 10 study cities in number of bookstores per milliohnresidents (135), wineries per million residentsw (69) and brewpubs per million residents (23). Thougy many business leaders insistthe region's emphasis on qualityg of life comes at the expense of economic Sarena Regazzoni, director of marketing at , believea livability and innovation go hand in hand.
"Leaders can find an audiencwe open tonew things, something that is a pretty unique differentiatoer of Portland as a city," said Regazzoni, whosew organization works with growth-oriented companies. "Portland is a pretty forward-thinkinv city." The Prosperity Index was releaserd at an event at the Portlanf Art Museum that included a keynotre address byRichard Florida, authot of "The Rise of the Creative Class" and "Who'd Your City?" More information can be found on the Greenlighf Greater Portland Web site, .
Priest's group, , released the "2008 Greater Portland Prosperity Index" on Wednesday. It paintws an optimistic picture ofthe region's potential in a rang e of business, demographic and quality of life metricz compared to nine other metro areas across the westerjn United States. In the next five years, Portland's grosx regional product is predicted togrow 29.1 percengt to $144.1 billion, behind only that of Texas. The Portland region boasts the second-lowestg average price for industrial space among the nine at $6.34 per square Only Denver's is lower.
The price in severak California cities is more than double that of Average Class A office pric per square footis $25.30, lowe r than all other cities except Albuquerquw and Austin. The index, done in conjunction with Philadelphia-based forecasting firm Global Insight, compares the region to nine othedmetro areas: Seattle, Sacramento, San Francisco, San Jose, Los Angeles, San Diego, Albuquerqu and Austin. Priest came to Greenlight last fall after leading a similar economic developmenr groupin Washington, D.C. Greenlight, which has threwe employees, is a consortium of private-sector Portland's information industry will grow over the next five adding anestimated 2,000 jobs.
The growtn rate is second only to Growth rate: 7.7% Construction, natural resources: Portland's constructiobn and natural resources sector will bringing the number of workers to128,700. The growty rate, second only to that of is three times faster than thatof Seattle. Growtu rate: 7.2% The financial sector in Portlanc will outpace benchmark regions except San Diego andSan Jose. The additionapl 8,500 jobs will bring the total to 78,300. Growth 12.2% Greater Portland's professional and business services sectodr is projected toadd 32,000 new jobs over the next five years. That will brin g the region's total to 170,300 workersa by 2013. Growth rate: 23.
3% Greenlight Greater Portland"We want to find a way to converft our image around being a sustainabld communityinto quality, high-paying jobs," Priest, who is Greenlight'ss CEO, told the Business Journal in March. The study identifiedf several localgrowth sectors, including professional, financiapl and information services and construction and natural resources. Portland's professional and business servicesx sector will grow 23 percent to morethan 170,000 workers by 2013. Overalpl cost of living is cheaper than in Seattle and the five Californiacities surveyed. Average rent for a one-bedroonm apartment is $875, third-lowest, behind only Denvere and Albuquerque.
Median housing price, at $295,300, is The population in the Portland-Vancouver-Beaverton area is predicted to increase 8 percent tonearly 2.4 millioj people in the next five years. The studyt also measured qualityof life. Portlandc leads all 10 study cities in number of bookstores per milliohnresidents (135), wineries per million residentsw (69) and brewpubs per million residents (23). Thougy many business leaders insistthe region's emphasis on qualityg of life comes at the expense of economic Sarena Regazzoni, director of marketing at , believea livability and innovation go hand in hand.
"Leaders can find an audiencwe open tonew things, something that is a pretty unique differentiatoer of Portland as a city," said Regazzoni, whosew organization works with growth-oriented companies. "Portland is a pretty forward-thinkinv city." The Prosperity Index was releaserd at an event at the Portlanf Art Museum that included a keynotre address byRichard Florida, authot of "The Rise of the Creative Class" and "Who'd Your City?" More information can be found on the Greenlighf Greater Portland Web site, .
Sunday, December 2, 2012
ConCourt refuses urgent hearing on motion of no confidence - ANC - Politicsweb
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ConCourt refuses urgent hearing on motion of no confidence - ANC Politicsweb The Office of the ANC Chief Whip is pleased with the decision of the Constitutional Court to dismiss the application by eight opposition parties to the Court, aimed at urgently forcing Parliament to debate the motion of no confidence in the President ... |
Saturday, December 1, 2012
Miami physician sentenced in Medicare fraud case - Pacific Business News (Honolulu):
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Rodriguez was indicted in , along with two othe r doctors in connection witha $10 million Medicare fraud scheme. He pleaded guilty in to conspiracy to committ healthcare fraud. Rodriguez was a co-owneer of and physician at Midway Medical a Miami clinic that purported to specialize in the treatment of HIV according to a news release fromthe U.S. Departmenr of Justice. He admitted that, whild at Midway, he and his co-conspirators billed Medicare for service s that were medically unnecessary and in many instanceanever provided.
He also admitted that he purchasee only a small amount of the drugs that he claimed to administer to patients and that he falsifiesmedical records, according to the news Rodriguez also admitted that he was listed as medicapl director and practicing physician for five othe r Miami-area HIV infusion clinics betwee n October 2003 and February 2005, where he engagecd in similar activity. He admittedx to filing more than $20 million in false claims. Severak of Rodriguez’s co-defendants have already been sentenced for theird roles at Midway andrelateds clinics.
Rodriguez was indicted in , along with two othe r doctors in connection witha $10 million Medicare fraud scheme. He pleaded guilty in to conspiracy to committ healthcare fraud. Rodriguez was a co-owneer of and physician at Midway Medical a Miami clinic that purported to specialize in the treatment of HIV according to a news release fromthe U.S. Departmenr of Justice. He admitted that, whild at Midway, he and his co-conspirators billed Medicare for service s that were medically unnecessary and in many instanceanever provided.
He also admitted that he purchasee only a small amount of the drugs that he claimed to administer to patients and that he falsifiesmedical records, according to the news Rodriguez also admitted that he was listed as medicapl director and practicing physician for five othe r Miami-area HIV infusion clinics betwee n October 2003 and February 2005, where he engagecd in similar activity. He admittedx to filing more than $20 million in false claims. Severak of Rodriguez’s co-defendants have already been sentenced for theird roles at Midway andrelateds clinics.
Friday, November 30, 2012
bizjournals: Insurers put on spot by hurricane related fraud
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reports that claims resulting from the 2004 seaso n came from everyFlorida county, even those hundred s of miles from last year's storms. That reporgt has led state politicians to call for investigationsz ofthe industry's handlingg of claims. An Orlando Business Journal analysis of statistics gathered by the Florida Office of Insurances Regulation reveals the For instance, the business journal found, residentes of the Florida panhandle collected $21.
3 million from Hurricand Charley, which followed a path 140 miles southeasty of the nearest panhandle "Anyone would know a Hurrican e Charley claim in Santa Rosa County has to be said Bill Newton, executive director at Florida Consumer Actiobn Network, a statewide citizensz group with 40,000 members. "Goodx God -- no wonder the insurance ratesd are sohigh ... Why are the insurancd companies payingthese people? That hurtxs all the honest consumers when insurance companiezs are not paying attention to who they'ree paying money to. It's not fair." The paper'x analysis led state Sen.
Ron Klein, a Boca Ratonb Democrat, to call for a freeze on property insurance rate hikes until an investigationis reports. "We are on very strong groun to stop future rate increases until they explainh why these claims werepaid out," he said. though, said they were tryingy to keep up with fraudulentFloridq claims. "The insurance companies have turne in suspected fraud casea to the state Division of Insurance saidSam Miller, vice president of the Tallahassee-basedd Florida Insurance Council Inc. "They have been going through claims fromlast year. I'm sure some frauf went on -- there were 1.7 million claims.
" At the end of last the Florida Division of Insurance Frauxd 632 tips about fraud related tolast year'sw hurricanes. Thirty-two people have been arrested, 8 and 85 are under investigation. Almosrt three-quarters of the tips have been fromprivates citizens. Insurance companies have five yeares to report theirfraud suspicions. "It'zs not a situation where we just hand overa check," says Ryan an Allstate Floridian Insurance Co. spokesman. The Florida disclosuresx arise as the insuranc e industry warns of the tough consequences ofthis year'sz record-breaking season.
Hurricanes Katrinas and Rita devastated the Gulf Coasty from Alabamato Texas, and Hurricane Wilma sockec South Florida. That could be just the beginning of much more active Atlantichurricane seasons, experts have warned. Insurance companiesa are listening. They're lookingy at whether they want to do business in areazs like theGulf Coast, the reports. "We need to go state-by-states to make sure we avoid the mistakeas ofthe past," said Joseph Annotti, senior vice president of public affairsz for the Property Casualty Insurerw Association of America.
Those who attended a conferenc of industry officials in October calleed for reform ofthe nation's insurancd system to provide a safety net for firmxs facing catastrophic storms. reports that the combinex effect of allthe hurricanes, and concernzs about future storms, will be higher rates not just for homeownerse and land-based businesses, but for oil and gas producera in the Gulf of Mexico as well. Oil and gas operatorss can expect to pay up to 400 percenr more for insurance because of Hurricanesw Katrinaand Rita, the Houston Business Journao reports. And insurance for the Gulf oil platformsa that produce much of the United domestic oil may be harderto get.
Bill Martih who heads the Houston office of BenfieldCorporate Risk, an insurancre provider to the energy industry, told the Houston Business "We believe this is going to be a poiny of departure for energy insurance markets," he "(Insurers) will be looking at the exposure in the Gulf of Mexic o and the Gulf Coast. 2005 was a very dramatic year, and the insurance industry has to adaptto that. Pricint will go up and it will be more more geared to the location and desig of assetsbeing insured.
"
reports that claims resulting from the 2004 seaso n came from everyFlorida county, even those hundred s of miles from last year's storms. That reporgt has led state politicians to call for investigationsz ofthe industry's handlingg of claims. An Orlando Business Journal analysis of statistics gathered by the Florida Office of Insurances Regulation reveals the For instance, the business journal found, residentes of the Florida panhandle collected $21.
3 million from Hurricand Charley, which followed a path 140 miles southeasty of the nearest panhandle "Anyone would know a Hurrican e Charley claim in Santa Rosa County has to be said Bill Newton, executive director at Florida Consumer Actiobn Network, a statewide citizensz group with 40,000 members. "Goodx God -- no wonder the insurance ratesd are sohigh ... Why are the insurancd companies payingthese people? That hurtxs all the honest consumers when insurance companiezs are not paying attention to who they'ree paying money to. It's not fair." The paper'x analysis led state Sen.
Ron Klein, a Boca Ratonb Democrat, to call for a freeze on property insurance rate hikes until an investigationis reports. "We are on very strong groun to stop future rate increases until they explainh why these claims werepaid out," he said. though, said they were tryingy to keep up with fraudulentFloridq claims. "The insurance companies have turne in suspected fraud casea to the state Division of Insurance saidSam Miller, vice president of the Tallahassee-basedd Florida Insurance Council Inc. "They have been going through claims fromlast year. I'm sure some frauf went on -- there were 1.7 million claims.
" At the end of last the Florida Division of Insurance Frauxd 632 tips about fraud related tolast year'sw hurricanes. Thirty-two people have been arrested, 8 and 85 are under investigation. Almosrt three-quarters of the tips have been fromprivates citizens. Insurance companies have five yeares to report theirfraud suspicions. "It'zs not a situation where we just hand overa check," says Ryan an Allstate Floridian Insurance Co. spokesman. The Florida disclosuresx arise as the insuranc e industry warns of the tough consequences ofthis year'sz record-breaking season.
Hurricanes Katrinas and Rita devastated the Gulf Coasty from Alabamato Texas, and Hurricane Wilma sockec South Florida. That could be just the beginning of much more active Atlantichurricane seasons, experts have warned. Insurance companiesa are listening. They're lookingy at whether they want to do business in areazs like theGulf Coast, the reports. "We need to go state-by-states to make sure we avoid the mistakeas ofthe past," said Joseph Annotti, senior vice president of public affairsz for the Property Casualty Insurerw Association of America.
Those who attended a conferenc of industry officials in October calleed for reform ofthe nation's insurancd system to provide a safety net for firmxs facing catastrophic storms. reports that the combinex effect of allthe hurricanes, and concernzs about future storms, will be higher rates not just for homeownerse and land-based businesses, but for oil and gas producera in the Gulf of Mexico as well. Oil and gas operatorss can expect to pay up to 400 percenr more for insurance because of Hurricanesw Katrinaand Rita, the Houston Business Journao reports. And insurance for the Gulf oil platformsa that produce much of the United domestic oil may be harderto get.
Bill Martih who heads the Houston office of BenfieldCorporate Risk, an insurancre provider to the energy industry, told the Houston Business "We believe this is going to be a poiny of departure for energy insurance markets," he "(Insurers) will be looking at the exposure in the Gulf of Mexic o and the Gulf Coast. 2005 was a very dramatic year, and the insurance industry has to adaptto that. Pricint will go up and it will be more more geared to the location and desig of assetsbeing insured.
"
Wednesday, November 28, 2012
Practical steps to bring youth into mainstream: Shahbaz - Pakistan Observer
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Practical steps to bring youth into mainstream: Shahbaz Pakistan Observer He said internship programme has been initiated for students, completing their studies at academic institutions, to help them advance in their practical life. He said, under this programme, a total number of 50,000 graduates would be granted internship ... |
Tuesday, November 27, 2012
Polypore International, Inc. Company Profile | PPO Company Information
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We are a leading globa l high technology filtration company that manufactures and markets specialized microporoue membranes used in separation and filtration We operate in twobusiness segments: (i) the energhy storage segment and (ii) the separations media segment. We manufactures our products at facilities in North Europeand Asia. In the energy storage our membrane separators are a critical performances component inlithium batteries, whicn are used in consumer electronivc applications, and lead-acid batteries, which are used in transportatiobn and industrial applications.
The energy storage segment has benefiter from the overall increase in demand by consumers for mobile powerr which we believewill continue. Lithium batterie s are the power source in a wide varietyh of electronics applications ranging from laptop computeras and mobile phones to power In addition, many new applications, such as consumer power tools and electric bikes and developing applications such as hybrid electrifc vehicles incorporate large-format batteries that requires much greater membrane separator volumd per battery. As a result, we believe that membrane separato growth will exceed battery unitsales growth. ...
We are a leading globa l high technology filtration company that manufactures and markets specialized microporoue membranes used in separation and filtration We operate in twobusiness segments: (i) the energhy storage segment and (ii) the separations media segment. We manufactures our products at facilities in North Europeand Asia. In the energy storage our membrane separators are a critical performances component inlithium batteries, whicn are used in consumer electronivc applications, and lead-acid batteries, which are used in transportatiobn and industrial applications.
The energy storage segment has benefiter from the overall increase in demand by consumers for mobile powerr which we believewill continue. Lithium batterie s are the power source in a wide varietyh of electronics applications ranging from laptop computeras and mobile phones to power In addition, many new applications, such as consumer power tools and electric bikes and developing applications such as hybrid electrifc vehicles incorporate large-format batteries that requires much greater membrane separator volumd per battery. As a result, we believe that membrane separato growth will exceed battery unitsales growth. ...
Sunday, November 25, 2012
Balsillie: Fight for Coyotes isn't over - Business First of Buffalo:
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U.S Bankruptcy Court Redfield T. Baum on Mondag nixed Balsillie's bid to buy the Coyotes for $213 million from ownedr Jerry Moyes becauseof Balsillie's June 29 deadline for the deal go to Baum said that isn't enougj time to resolve the Coyotes Chapter 11 bankruptcgy reorganization issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walker issued a statemeny Monday night saying the effort to move the teamto Ontario, is not over: "Jim Balsillie's bid to brinf a seventh NHL team to Canadw continues. We're still here. The Phoenix cour t confirmed Mr. Balsillie was approves as an NHL owner in 2006 andremains so.
We believe he has made the best offert and Hamilton remains the best location forthis "The court did not approve either our approac h or the NHL's. Judge Baum did state he does not have time to decid e all therelocation issues. But the courr still controls thesale process. As a result, we look forwarcd to hearing from the NHL soon on its view of our relocatiom application and an appropriaterelocation fee, so as to allos the court to determine if that fee is reasonable. We still think there is enough time for the NHL toapprove Mr. Balsillie'sz application and move the team to Hamiltonby September. The court invited mediatiohn on these issuesand Mr.
Balsillie is willing to participate in such mediation if the NHL is also willin todo so," Walker's statement to the mediaa continued. The NHL welcomed Baum's decisiom not to let the sale and move toCanadsa occur. “We're pleased the court recognized the validitt of league rules and our ability to applt them in areasonable fashion," NHL Deputy Commissionef Bill Daly said in a statement released by the leaguer on Monday night.
"We will turn our attentio n now toward helping to facilitate an orderly sales processa that will produce a local buye who is committed to makingthe Coyotes' franchise viablde and successful in the Phoenix/Glendale We are confident that we will be able to find such a buyer for the Coyotes and that the claims of legitimates creditors will be addressed.”
U.S Bankruptcy Court Redfield T. Baum on Mondag nixed Balsillie's bid to buy the Coyotes for $213 million from ownedr Jerry Moyes becauseof Balsillie's June 29 deadline for the deal go to Baum said that isn't enougj time to resolve the Coyotes Chapter 11 bankruptcgy reorganization issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walker issued a statemeny Monday night saying the effort to move the teamto Ontario, is not over: "Jim Balsillie's bid to brinf a seventh NHL team to Canadw continues. We're still here. The Phoenix cour t confirmed Mr. Balsillie was approves as an NHL owner in 2006 andremains so.
We believe he has made the best offert and Hamilton remains the best location forthis "The court did not approve either our approac h or the NHL's. Judge Baum did state he does not have time to decid e all therelocation issues. But the courr still controls thesale process. As a result, we look forwarcd to hearing from the NHL soon on its view of our relocatiom application and an appropriaterelocation fee, so as to allos the court to determine if that fee is reasonable. We still think there is enough time for the NHL toapprove Mr. Balsillie'sz application and move the team to Hamiltonby September. The court invited mediatiohn on these issuesand Mr.
Balsillie is willing to participate in such mediation if the NHL is also willin todo so," Walker's statement to the mediaa continued. The NHL welcomed Baum's decisiom not to let the sale and move toCanadsa occur. “We're pleased the court recognized the validitt of league rules and our ability to applt them in areasonable fashion," NHL Deputy Commissionef Bill Daly said in a statement released by the leaguer on Monday night.
"We will turn our attentio n now toward helping to facilitate an orderly sales processa that will produce a local buye who is committed to makingthe Coyotes' franchise viablde and successful in the Phoenix/Glendale We are confident that we will be able to find such a buyer for the Coyotes and that the claims of legitimates creditors will be addressed.”
Friday, November 23, 2012
Convera folding into U.K. company - South Florida Business Journal:
sucujovide.wordpress.com
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera'e CEO, will become the chairman of the andColin Jeavons, Firstlight'z CEO, will become the CEO. Convera's plan of dissolutiom contemplates an orderly wind down of its business and After filing its certificate of Convera intends to make one or more distributionsx to its stockholders of cash availablefor distribution, subject to applicablw legal requirements.
Convera will then delist its common stock from The new company will bring togethee the vertical search technology of Convera and the advertisinh sales and marketing capabilities of It will have over 60 corporate customer accounts and 120 existinhg Web sites withapproximately 1,500 When the merger becomes effective, Convera will own 33.3 percenty and Firstlight will own 66.7 percenft of the total outstanding commomn stock of the new subject to certain adjustments which may enablee Convera to own up to 42 percent of the new compangy prior to the distribution. The merger is subjecf to Convera stockholders' approval and certain other customarclosing conditions.
The merger is expected to closrthis summer.
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera'e CEO, will become the chairman of the andColin Jeavons, Firstlight'z CEO, will become the CEO. Convera's plan of dissolutiom contemplates an orderly wind down of its business and After filing its certificate of Convera intends to make one or more distributionsx to its stockholders of cash availablefor distribution, subject to applicablw legal requirements.
Convera will then delist its common stock from The new company will bring togethee the vertical search technology of Convera and the advertisinh sales and marketing capabilities of It will have over 60 corporate customer accounts and 120 existinhg Web sites withapproximately 1,500 When the merger becomes effective, Convera will own 33.3 percenty and Firstlight will own 66.7 percenft of the total outstanding commomn stock of the new subject to certain adjustments which may enablee Convera to own up to 42 percent of the new compangy prior to the distribution. The merger is subjecf to Convera stockholders' approval and certain other customarclosing conditions.
The merger is expected to closrthis summer.
Wednesday, November 21, 2012
ESPN Zone closes doors in Denver - Triangle Business Journal:
hundleyobajoji1908.blogspot.com
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themedx bar and interactive game centers acrosz the country, laid off roughly 100 giving each a 60-day administrative leave package, accordinfg to a company statement. Rick an ESPN vice president who overseesZone operations, said in the statement that the restaurant could not survive the recession. This economicd downturn has been markeds nationally by reduced consumer spending on eatin out and onentertainment activities. “wA decision like this is never easy. We recognize and appreciate the commitment and yeara of service of all ofthese employees,” Allesandrui said.
“Unfortunately, the current economic environment offered us no other The ESPN Zone wasa 23,000-square-foot meeting place for sports fanatics, with one room featurinvg more than a dozen largw televisions tuned into contests of all kind and another full of vide o and sports games ranging from basketbalpl to bowling. None of the eighgt other ESPN Zone locationz willbe closed, as all “are meeting our expectations,” said Matt a spokesmen for the chain. , which owns the Taboer Center, issued a statement saying it was “sorrt to hear of their decision to discontinue theirDenver operations.
” But the closing of ESPN Zone “hass created a new opportunity for us to bring new conceptsa to 16th Street,” it said. One of those new concepts is TheTilterd Kilt, a Celtic-themed restaurant and sports bar with 20 locationz operating nationwide and another 10 The chain, which is expected to open its Denver locationh this fall and to offer outdoorf patio seating, has signed an 8,300-square-fooft lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaas in 2003 and is noted for its serverse dressed in knee-high short plaid kilts and midriff-baring plai d halter tops.
It will be one of a numbere of new tenants opening in the Tabor Centerthis “These new additions to Tabot Center’s retail offering reflect our continuing efforts to enhancwe the services and amenities for the customers and visitors to the Tabo r Center,” said Steve Budorick, executive vice president and partner at Callahanm Capital Partners.
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themedx bar and interactive game centers acrosz the country, laid off roughly 100 giving each a 60-day administrative leave package, accordinfg to a company statement. Rick an ESPN vice president who overseesZone operations, said in the statement that the restaurant could not survive the recession. This economicd downturn has been markeds nationally by reduced consumer spending on eatin out and onentertainment activities. “wA decision like this is never easy. We recognize and appreciate the commitment and yeara of service of all ofthese employees,” Allesandrui said.
“Unfortunately, the current economic environment offered us no other The ESPN Zone wasa 23,000-square-foot meeting place for sports fanatics, with one room featurinvg more than a dozen largw televisions tuned into contests of all kind and another full of vide o and sports games ranging from basketbalpl to bowling. None of the eighgt other ESPN Zone locationz willbe closed, as all “are meeting our expectations,” said Matt a spokesmen for the chain. , which owns the Taboer Center, issued a statement saying it was “sorrt to hear of their decision to discontinue theirDenver operations.
” But the closing of ESPN Zone “hass created a new opportunity for us to bring new conceptsa to 16th Street,” it said. One of those new concepts is TheTilterd Kilt, a Celtic-themed restaurant and sports bar with 20 locationz operating nationwide and another 10 The chain, which is expected to open its Denver locationh this fall and to offer outdoorf patio seating, has signed an 8,300-square-fooft lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaas in 2003 and is noted for its serverse dressed in knee-high short plaid kilts and midriff-baring plai d halter tops.
It will be one of a numbere of new tenants opening in the Tabor Centerthis “These new additions to Tabot Center’s retail offering reflect our continuing efforts to enhancwe the services and amenities for the customers and visitors to the Tabo r Center,” said Steve Budorick, executive vice president and partner at Callahanm Capital Partners.
Tuesday, November 20, 2012
J. Jill to close one Jacksonville store - Wichita Business Journal:
ogarawo.wordpress.com
Nine of the 75 storesa to be closed arein Florida, includinh the one in The Avenuesa mall. A second Jacksonville J. Jill location at the St. Johna Town Center will remain open. In a statement announcingv the sale, Talbots Presidentt and CEO Trudy Sullivan saidit “enablews us to focus our time, resourcesw and attention exclusively on rejuvenating our core Talbot s brand and return to profitable The transaction includes the transfer of certain assets and liabilitiess to the buyer, including a distribution center in New the sublease of a portion of the Mass.
, headquarters and substantially all of the brand’w intellectual property and The remaining 204 stores will continuew to operate under the J. Jill The headquarters for the company will remain in The J. Jill sale is expected to be completefd in the second quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Goldehn Gate’s 11th in two years. Last month Venus announcex that all 290 employees were in jeopardyh of losing their jobs when the swimwear and ladies apparel companyy lostits financing.
With its latest catalog recently being Venus employees arestill working, at least for now, and company executives are looking for a new buyed to acquire the company.
Nine of the 75 storesa to be closed arein Florida, includinh the one in The Avenuesa mall. A second Jacksonville J. Jill location at the St. Johna Town Center will remain open. In a statement announcingv the sale, Talbots Presidentt and CEO Trudy Sullivan saidit “enablews us to focus our time, resourcesw and attention exclusively on rejuvenating our core Talbot s brand and return to profitable The transaction includes the transfer of certain assets and liabilitiess to the buyer, including a distribution center in New the sublease of a portion of the Mass.
, headquarters and substantially all of the brand’w intellectual property and The remaining 204 stores will continuew to operate under the J. Jill The headquarters for the company will remain in The J. Jill sale is expected to be completefd in the second quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Goldehn Gate’s 11th in two years. Last month Venus announcex that all 290 employees were in jeopardyh of losing their jobs when the swimwear and ladies apparel companyy lostits financing.
With its latest catalog recently being Venus employees arestill working, at least for now, and company executives are looking for a new buyed to acquire the company.
Monday, November 19, 2012
Fall in real estate sales shows signs of moderating - Houston Business Journal:
iqukikofor.wordpress.com
March sales of single-family homes in Houston totaledc 4,355, down 16.1 percent from March 20008 and the 19th consecutivrmonthly drop, according to statisticds released by the . The median price of single-family homes in March was off 4.4 percent from one year earlier, and equapl to its December 2008 Thenational single-family median price reported by the is While sales of foreclosure properties, which typically sell below market prices, continued to weigg on home prices last month, the effectg was milder than in previous In March, foreclosures made up 24.5 percentt of all single-family home sales in the Houstobn area compared to 34 percent in January and 28 percenyt in February.
The median price of March foreclosure saled reported in the MLStumblesd 11.3 percent from $94,700 to $84,000 on a year-over-yearf basis. Overall March property sales fell 18.9 percenft compared with the same monthglast year, however, from Februar y to March of this year, overall property salesa volume increased 26.1 percenrt while sales of single-family homes rose 27.8 Total dollar volume for properties sold during the monthh was $940 million versus $1.2 billion a year earlier, a 23.2 percen t decline.
“It’s too soon to predict exactly when the Houston real estatde market will be inhealthier territory, but the recent moderation in sales and pricing trend is an encouraging sign,” said Vicki Fullerton, HAR chair and broket of record at RE/MAX of The Woodland s & Spring. “For consumers with good credit, this is an outstandiny time to buy a home in the greater Houstonj area because mortgage interest rates areat 50-yeaer lows and there’s a plentiful supply of reasonably pricedr housing inventory.
” She added that first-time home buyers have until December 1 to take advantage of an $8,000 tax crediy that does not require Demand for rental properties rose again in with leases of single-family homes up 4.3 percent on a year-over-yeard basis and leases of townhousesa and condominiums up 26.6 percent.
March sales of single-family homes in Houston totaledc 4,355, down 16.1 percent from March 20008 and the 19th consecutivrmonthly drop, according to statisticds released by the . The median price of single-family homes in March was off 4.4 percent from one year earlier, and equapl to its December 2008 Thenational single-family median price reported by the is While sales of foreclosure properties, which typically sell below market prices, continued to weigg on home prices last month, the effectg was milder than in previous In March, foreclosures made up 24.5 percentt of all single-family home sales in the Houstobn area compared to 34 percent in January and 28 percenyt in February.
The median price of March foreclosure saled reported in the MLStumblesd 11.3 percent from $94,700 to $84,000 on a year-over-yearf basis. Overall March property sales fell 18.9 percenft compared with the same monthglast year, however, from Februar y to March of this year, overall property salesa volume increased 26.1 percenrt while sales of single-family homes rose 27.8 Total dollar volume for properties sold during the monthh was $940 million versus $1.2 billion a year earlier, a 23.2 percen t decline.
“It’s too soon to predict exactly when the Houston real estatde market will be inhealthier territory, but the recent moderation in sales and pricing trend is an encouraging sign,” said Vicki Fullerton, HAR chair and broket of record at RE/MAX of The Woodland s & Spring. “For consumers with good credit, this is an outstandiny time to buy a home in the greater Houstonj area because mortgage interest rates areat 50-yeaer lows and there’s a plentiful supply of reasonably pricedr housing inventory.
” She added that first-time home buyers have until December 1 to take advantage of an $8,000 tax crediy that does not require Demand for rental properties rose again in with leases of single-family homes up 4.3 percent on a year-over-yeard basis and leases of townhousesa and condominiums up 26.6 percent.
Saturday, November 17, 2012
CEO Ellison says Oracle might make netbooks - Pacific Business News (Honolulu):
tarpleypymibujuh1491.blogspot.com
His comments came at a Sun conference for users of Java software which he also said coulcd be usedon netbooks. Oracls (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. " I don't see why some of those devices shouldn't come from Sun," Reuterse quoted Ellison as saying. "There will be computers that are fundamentally base don Java." Netbooks are inexpensived laptop computers designed to connect wirelessl and are used primarily for checkinf email and browsing the Web. The market for them is expecte to grow to between 20 milliob and 30 million units this up fromthe 11.7 millioj sold last year when their saleas took off.
Most PC makers now have a netbook modep and if Oracle does get into the market it will go up againsftthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , whicuh either make netbooks or develop software for Acer said Tuesday it will make a laptop runninggon ’s (NASDAQ:GOOG) Android operatingb system instead of Microsoft Windows, whicb most makers now use.
His comments came at a Sun conference for users of Java software which he also said coulcd be usedon netbooks. Oracls (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. " I don't see why some of those devices shouldn't come from Sun," Reuterse quoted Ellison as saying. "There will be computers that are fundamentally base don Java." Netbooks are inexpensived laptop computers designed to connect wirelessl and are used primarily for checkinf email and browsing the Web. The market for them is expecte to grow to between 20 milliob and 30 million units this up fromthe 11.7 millioj sold last year when their saleas took off.
Most PC makers now have a netbook modep and if Oracle does get into the market it will go up againsftthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , whicuh either make netbooks or develop software for Acer said Tuesday it will make a laptop runninggon ’s (NASDAQ:GOOG) Android operatingb system instead of Microsoft Windows, whicb most makers now use.
Friday, November 16, 2012
TRIASSIC PARQ, TIME STANDS STILL and More Set for Chance Theater's 2013 ... - Broadway World
jaqezuweg.blogspot.com
TRIASSIC PARQ, TIME STANDS STILL and More Set for Chance Theater's 2013 ... Broadway World Chance Theater has announced its boldest season ever. Chance subscribers and audiences will be taken on seven journeys during 2013, from prehistoric dinosaurs trying to find love, to a musical about a President trying to rock out to democracy, from a ... |
Wednesday, November 14, 2012
Army-Navy game coming to FedEx Field - Business First of Buffalo:
awipekyhila.blogspot.com
The , the and Destination D.C. have announced that the 112th Army-Navuy game will be played at in Marylanon Dec. 10, 2011. Along with the footbalkl game, the event brings with it a weekendf ofancillary events, including the Army-Navgy Gala. “This is a phenomenal achievementg by the three organizations to secure such an historic evenft forour nation’s capital,” said Robert president of the Greater Washington Sports Alliance.
“With nearly a half milliobn active and retired military personnel currently liviny in our region and the historic memorialx that honorour nation’s service men and women, it just make sense to have a game of this magnitude playedr in Washington.” The event is part of an eight-yearr packaged announced Tuesday by the and the . Philadelphiaw will host the gamein 2010, 2013, 2015 and 2017. The game will take place in Baltimore in 2014and 2016.
The , the and Destination D.C. have announced that the 112th Army-Navuy game will be played at in Marylanon Dec. 10, 2011. Along with the footbalkl game, the event brings with it a weekendf ofancillary events, including the Army-Navgy Gala. “This is a phenomenal achievementg by the three organizations to secure such an historic evenft forour nation’s capital,” said Robert president of the Greater Washington Sports Alliance.
“With nearly a half milliobn active and retired military personnel currently liviny in our region and the historic memorialx that honorour nation’s service men and women, it just make sense to have a game of this magnitude playedr in Washington.” The event is part of an eight-yearr packaged announced Tuesday by the and the . Philadelphiaw will host the gamein 2010, 2013, 2015 and 2017. The game will take place in Baltimore in 2014and 2016.
Tuesday, November 13, 2012
Scotland condemns EU's 'rigid system' - FIS
ejoxot.wordpress.com
FIS | Scotland condemns EU's 'rigid system' FIS Scottish Fisheries Secretary Richard Lochhead met with nine skippers this week to discuss the challenges of working in the fishing industry. He stressed that the biggest obstacle right now is the European Union's (EU) “rigid system†and, along with ... |
Monday, November 12, 2012
AMP-Ohio
tenamup.wordpress.com
AMP-Ohio was cleared to received a $30 million bridge loan to help fund construction ofa $3 billionb generating station in Meigs County. Constructiom on the coal-fired plant, whichn has clinched an OK from the and key approvalsd from thestate , is set for latedr this year. The company said in a statement that it considerzs the state stimulus loan a major factor in breakingb groundon schedule. AMP-Ohio said the project will employabouyt 1,600 during a more than four-year constructionh process and about 160 when operational.
Strickland in a statementy on Tuesday saidthe AMP-Ohio project and a facility in Perrysburg in line for a $10 million loan are “great examples of how investinf in advanced energy technologiezs is stimulating Ohio’s economy.” Just how advanced the energyg at the AMP-Ohio project will be has been a poin t of contention between the nonprofit wholesale powe r supplier and opponents. The project has drawn fire amid worriezs that it would release air pollutantsaand won’t employ the latest clean-coak technology. But company executives have argued that the plant will use emission controls that will make it amonf the cleanest facilities ofits kind.
The Powert Siting Board, which reviews requestsz for large electric and natural gas facilities inthe state, struck an agreemeng late last year with AMP-Ohio and the state attornehy general’s office over environmentap and economic concerns about the The loans to AMP-Ohio and Willard & Kelseyg are part of $150 million headed to companiex around the state through the job-creation stimulus package signed last Of that, $84 millio n is headed to non-coal technology projects while $66 million is earmarked for so-called clean-coal projects.
AMP-Ohio was cleared to received a $30 million bridge loan to help fund construction ofa $3 billionb generating station in Meigs County. Constructiom on the coal-fired plant, whichn has clinched an OK from the and key approvalsd from thestate , is set for latedr this year. The company said in a statement that it considerzs the state stimulus loan a major factor in breakingb groundon schedule. AMP-Ohio said the project will employabouyt 1,600 during a more than four-year constructionh process and about 160 when operational.
Strickland in a statementy on Tuesday saidthe AMP-Ohio project and a facility in Perrysburg in line for a $10 million loan are “great examples of how investinf in advanced energy technologiezs is stimulating Ohio’s economy.” Just how advanced the energyg at the AMP-Ohio project will be has been a poin t of contention between the nonprofit wholesale powe r supplier and opponents. The project has drawn fire amid worriezs that it would release air pollutantsaand won’t employ the latest clean-coak technology. But company executives have argued that the plant will use emission controls that will make it amonf the cleanest facilities ofits kind.
The Powert Siting Board, which reviews requestsz for large electric and natural gas facilities inthe state, struck an agreemeng late last year with AMP-Ohio and the state attornehy general’s office over environmentap and economic concerns about the The loans to AMP-Ohio and Willard & Kelseyg are part of $150 million headed to companiex around the state through the job-creation stimulus package signed last Of that, $84 millio n is headed to non-coal technology projects while $66 million is earmarked for so-called clean-coal projects.
Saturday, November 10, 2012
Thursday, November 8, 2012
Softer 3-strikes law has defense lawyers preparing case reviews - Los Angeles Times
ejoxot.wordpress.com
NBCNews.com | Softer 3-strikes law has defense lawyers preparing case reviews Los Angeles Times A day after California voted to soften its three-strikes sentencing law, defense lawyers around the state Wednesday prepared to seek reduced punishments for thousands of offenders serving up to life in prison for relatively minor crimes. The process of ... 3 strikes law reformed, fewer harsh sentences California Votes to Reform Draconian "Three Strikes" Mandatory Minimum Law Calif. voters revise 3 strikes, reject broad taxes |
Tuesday, November 6, 2012
'Dog' Chapman hit with $1.8M IRS tax lien - Los Angeles Business from bizjournals:
awipekyhila.blogspot.com
The Honolulu-based TV bounty hunter and his wifeAlice E. known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 according to a federal tax lien recordef May 19 by the Hawaii Bureauof Conveyances. The lienz come five months after were filed in Hawaiii against the Chapmans for unpaif taxes from 2002through 2005. The Los Angeles-based accountant, Dennis told PBN in February that some of the federalk tax bills had already been paid and blamed a lag betweeh the time of payment and the releasee ofthe liens. But according to records on file with the Bureaiof Conveyances, none of the lienss filed in January have been released.
Dubanm was out of the office this week and was not available for comment. Chapman, who owns Da Kine Bail Bonds on Queen Emma Street and livews inHawaii Kai, stars in the A&Ew program “Dog the Bounty In 2006, the IRS filexd liens against Chapman for almost $200,000 in 2004 incomre but in early 2007 Duban said those tax bills had been The IRS had previously filed liens againsg him for unpaid 1993 and 1994 income.
The Honolulu-based TV bounty hunter and his wifeAlice E. known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 according to a federal tax lien recordef May 19 by the Hawaii Bureauof Conveyances. The lienz come five months after were filed in Hawaiii against the Chapmans for unpaif taxes from 2002through 2005. The Los Angeles-based accountant, Dennis told PBN in February that some of the federalk tax bills had already been paid and blamed a lag betweeh the time of payment and the releasee ofthe liens. But according to records on file with the Bureaiof Conveyances, none of the lienss filed in January have been released.
Dubanm was out of the office this week and was not available for comment. Chapman, who owns Da Kine Bail Bonds on Queen Emma Street and livews inHawaii Kai, stars in the A&Ew program “Dog the Bounty In 2006, the IRS filexd liens against Chapman for almost $200,000 in 2004 incomre but in early 2007 Duban said those tax bills had been The IRS had previously filed liens againsg him for unpaid 1993 and 1994 income.
Monday, November 5, 2012
Uncommonwealth: UK geography blog sees the world from a unique perspective - Lexington Herald Leader
ysynut.wordpress.com
Uncommonwealth: UK geography blog sees the world from a unique perspective Lexington Herald Leader University of Kentucky geography professor Matt Zook spends a lot of time thinking about maps, but probably not the kind you remember with tundra, peninsulas and mountain ranges. Zook and his colleagues are thinking about ways to experience the world ... |
Saturday, November 3, 2012
Carolinas HealthCare reduces 1Q loss - Business Courier of Cincinnati:
ysynut.wordpress.com
Investment losses for the latest quarter totaleenearly $101 million. Chief Financial Officer Greg Gombare anticipates gains in the financial market in Aprikl and May will erasethosew losses. Carolinas HealthCare uses investmengt earnings for capital That money is not used for daily The health-care system hopes negotiations with several lenderd will cut its interest expenses tied to variablee debt and higher bank-liquidity fees. Those fees are about $1 million per month. Interest expenses in the first quarterwere $21.98 million. From an operational standpoint, Carolinas HealthCare had a strongffirst quarter, says Russ Guerin, executive vice president for businesz development and planning.
Net operating revenue climbed 8.6 perceng to $1.2 billion systemwide. Operatinyg income exceeded $24.5 million. The health-care syste m saw adjusted discharges — a calculation that gaugexs patientactivity — climg 5.2 percent from a year Growth within the health-care system and expensse management “is the primary driver why we’re abovw budget significantly,” Guerin says. Carolinas HealthCard spent morethan $106 million on capital projects in the firsty quarter.
Projects include new operatint roomsat CMC-NorthEast and Carolinas Medical Center, an expansionm of CMC-Pineville, a new hospitak at CMC-Lincoln and construction of health-carse pavilions in Steele Creek and Waxhaw, whicn will include free-standing emergency departments. Challenges in the coming monthsz include managingthe system’s growing bad-debt and charity-care costs, reducing interest expenses and preparing for a possibl state cut in Medicaid funding, Gombar Bad-debt costs were 12 percent over budget during the firstr quarter, topping $48 milliom in the first quarter. During the same perioc last year, bad debt was about $43 million.
The health-car system spent more than $770 million in communith care in 2008, including bad debt, charith care and subsidizing Medicare and Thatequals 18.8 percent of the health-care system’s net operatinvg revenue. ”It’s a trend everybody’s seeing across the country,” Gombar says. “Ws can’t control how many peopld are uninsured, how many people show up at our doorwithouyt insurance.” North Carolina’s budger woes could results in a cut of up to 15 percenty for Medicaid. That could equate to $36 millionj in annual losses forCarolinas HealthCare. “Medicaid cuts are the wors t economic benefit cut the state can Gombar says.
“It’s painful.” Says Guerin: “Ift raises prices for those whodo pay. It makex no good business sensre todo that.” Gombar says everg dollar cut from Medicaid eliminates $4 from the economy. Carolinas HealthCare is the largest health-care system in the Carolinas andthe third-largest public syste m in the nation. The system leases or manages 25 It has morethan 40,000 full- and part-time employees.
Investment losses for the latest quarter totaleenearly $101 million. Chief Financial Officer Greg Gombare anticipates gains in the financial market in Aprikl and May will erasethosew losses. Carolinas HealthCare uses investmengt earnings for capital That money is not used for daily The health-care system hopes negotiations with several lenderd will cut its interest expenses tied to variablee debt and higher bank-liquidity fees. Those fees are about $1 million per month. Interest expenses in the first quarterwere $21.98 million. From an operational standpoint, Carolinas HealthCare had a strongffirst quarter, says Russ Guerin, executive vice president for businesz development and planning.
Net operating revenue climbed 8.6 perceng to $1.2 billion systemwide. Operatinyg income exceeded $24.5 million. The health-care syste m saw adjusted discharges — a calculation that gaugexs patientactivity — climg 5.2 percent from a year Growth within the health-care system and expensse management “is the primary driver why we’re abovw budget significantly,” Guerin says. Carolinas HealthCard spent morethan $106 million on capital projects in the firsty quarter.
Projects include new operatint roomsat CMC-NorthEast and Carolinas Medical Center, an expansionm of CMC-Pineville, a new hospitak at CMC-Lincoln and construction of health-carse pavilions in Steele Creek and Waxhaw, whicn will include free-standing emergency departments. Challenges in the coming monthsz include managingthe system’s growing bad-debt and charity-care costs, reducing interest expenses and preparing for a possibl state cut in Medicaid funding, Gombar Bad-debt costs were 12 percent over budget during the firstr quarter, topping $48 milliom in the first quarter. During the same perioc last year, bad debt was about $43 million.
The health-car system spent more than $770 million in communith care in 2008, including bad debt, charith care and subsidizing Medicare and Thatequals 18.8 percent of the health-care system’s net operatinvg revenue. ”It’s a trend everybody’s seeing across the country,” Gombar says. “Ws can’t control how many peopld are uninsured, how many people show up at our doorwithouyt insurance.” North Carolina’s budger woes could results in a cut of up to 15 percenty for Medicaid. That could equate to $36 millionj in annual losses forCarolinas HealthCare. “Medicaid cuts are the wors t economic benefit cut the state can Gombar says.
“It’s painful.” Says Guerin: “Ift raises prices for those whodo pay. It makex no good business sensre todo that.” Gombar says everg dollar cut from Medicaid eliminates $4 from the economy. Carolinas HealthCare is the largest health-care system in the Carolinas andthe third-largest public syste m in the nation. The system leases or manages 25 It has morethan 40,000 full- and part-time employees.
Friday, November 2, 2012
Thursday, November 1, 2012
Consumer loan delinquencies rise to record high - Baltimore Business Journal:
ekaterinaiuvo.blogspot.com
The industry group blames the record wave of job lossesd as amajor factor. More than 2 millioh Americans lost their jobs in the first three months ofthe year. Six million have lost theid jobs since therecession “Delinquencies won’t improve until companies start hiring again and we see a significan t economic turnaround,” ABA chieg economist James Chessen said in a news The ABA defines delinquency as a paymen t that is 30 days or more overdue. The composit e delinquency rate among eight typesof closed-enc installment loan categories rose to 3.23 percent of all from 3.22 percent in the previous Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previous quarter. However, the balancesx on those delinquent accountsrose dramatically, to 6.6 percent of the value of all outstandingy bank card debt – marking a new record – from 5.52 Chessen said the unemployed may be using bank cardas to bridge a temporaryh income gap, especially with less home equity to fall back on as housin prices continue to fall. Home equity loan delinquencies increasexto 3.52 percent from 3.03 percent. Property improvement loan delinquenciea decreasedto 1.46 percent from 1.75 percent. Indirect auto loan delinquencied decreasedto 3.42 percent from 3.53 Direct auto loan delinquencies increased to 3.01 percentt from 2.03 percent.
Marine loan delinquenciee decreasedto 2.04 percent from 2.35 percent. RV loan delinquencies increasecdto 1.52 percent from 1.38 Mobile home loan delinquencies increased to 3.7 percenty from 2.96 percent. Personal loan delinquencies increasesdto 3.47 percent from 2.88 percent.
The industry group blames the record wave of job lossesd as amajor factor. More than 2 millioh Americans lost their jobs in the first three months ofthe year. Six million have lost theid jobs since therecession “Delinquencies won’t improve until companies start hiring again and we see a significan t economic turnaround,” ABA chieg economist James Chessen said in a news The ABA defines delinquency as a paymen t that is 30 days or more overdue. The composit e delinquency rate among eight typesof closed-enc installment loan categories rose to 3.23 percent of all from 3.22 percent in the previous Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previous quarter. However, the balancesx on those delinquent accountsrose dramatically, to 6.6 percent of the value of all outstandingy bank card debt – marking a new record – from 5.52 Chessen said the unemployed may be using bank cardas to bridge a temporaryh income gap, especially with less home equity to fall back on as housin prices continue to fall. Home equity loan delinquencies increasexto 3.52 percent from 3.03 percent. Property improvement loan delinquenciea decreasedto 1.46 percent from 1.75 percent. Indirect auto loan delinquencied decreasedto 3.42 percent from 3.53 Direct auto loan delinquencies increased to 3.01 percentt from 2.03 percent.
Marine loan delinquenciee decreasedto 2.04 percent from 2.35 percent. RV loan delinquencies increasecdto 1.52 percent from 1.38 Mobile home loan delinquencies increased to 3.7 percenty from 2.96 percent. Personal loan delinquencies increasesdto 3.47 percent from 2.88 percent.
Tuesday, October 30, 2012
NYU loses years of scientific research and thousands of mice to Hurricane Sandy - New York Daily News
vuwodu.wordpress.com
New York Daily News | NYU loses years of scientific research and thousands of mice to Hurricane Sandy New York Daily News The Daily News has just learned that years of scientific research -- and thousands of mice -- at New York University Hospital's Smilow building on E. 32nd St. have been lost. LIVE BLOG: THE LATEST ON HURRICANE SANDY. Most of the power that drives .. . POLL: Is Sandy evidence of climate change? Megastorm slams US |
Sunday, October 28, 2012
Magnetic Brain Stimulation Cures Depression Without Affecting Sleep - Medical News Today
hydiuco.blogspot.com
Counsel & Heal | Magnetic Brain Stimulation Cures Depression Without Affecting Sleep Medical News Today Strong magnetic stimulation of the frontal lobe of the brain can reduce symptoms of depression and does not adversely affect sleep or arousal, which is common with use of anti-depression medications. This new research, published in the journal ... M agnetic Brain Stimulation Treats Depression Independent of Sleep Effect |
Friday, October 26, 2012
MMAC: Milwaukee-area economy still sluggish - Wichita Business Journal:
takes-trendsthe.blogspot.com
Only three of 20 April indicators registeredf improvementfrom year-ago levels, matchinf the number of upward-pointing indicators recorded in March, the MMAC said in its Economicd Trends report. "The employment situation continuerd to deteriorate with deepening job declines and unemploymentf indicators over double what they were one year saidBret Mayborne, economic researchj director for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threre years giving some hopefor near-term improvemen t in a stagnant local housinv and real estate market." Nonfarm employment in the metrko area fell 4.
8 percent in Aprill to 812,300, down from March’s 4.3 percent Employment levels have now declined compared with year-agok levels in each of the past 12 months, with April’a decline being the steepest registered in this the MMAC said. Only two of 10 majord industry sectors registered April job gains compareds with oneyear ago, while eight registered Unemployment indicators for the metro area both measurexd more than twice their year-earlierd levels. The number of unemployer in metro Milwaukeerose 117.6% agains year-ago levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percen rate in April to 12,101, this indicator’e third consecutive year-over-year increase of 100 percent or On the positive side, existing homes saled for the metro area rose 5.6 percentf in April, the first year-over-yeadr increase in this indicator in seven months and only the seconed such gain in nearly three
Only three of 20 April indicators registeredf improvementfrom year-ago levels, matchinf the number of upward-pointing indicators recorded in March, the MMAC said in its Economicd Trends report. "The employment situation continuerd to deteriorate with deepening job declines and unemploymentf indicators over double what they were one year saidBret Mayborne, economic researchj director for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threre years giving some hopefor near-term improvemen t in a stagnant local housinv and real estate market." Nonfarm employment in the metrko area fell 4.
8 percent in Aprill to 812,300, down from March’s 4.3 percent Employment levels have now declined compared with year-agok levels in each of the past 12 months, with April’a decline being the steepest registered in this the MMAC said. Only two of 10 majord industry sectors registered April job gains compareds with oneyear ago, while eight registered Unemployment indicators for the metro area both measurexd more than twice their year-earlierd levels. The number of unemployer in metro Milwaukeerose 117.6% agains year-ago levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percen rate in April to 12,101, this indicator’e third consecutive year-over-year increase of 100 percent or On the positive side, existing homes saled for the metro area rose 5.6 percentf in April, the first year-over-yeadr increase in this indicator in seven months and only the seconed such gain in nearly three
Thursday, October 25, 2012
INSIGHT: Debate Over Egypt's Draft Constitution - Middle East Voices
cicugaha.wordpress.com
Middle East Voices | INSIGHT: Debate Over Egypt's Draft Constitution Middle East Voices In the past few weeks, two different drafts were released within days of each other. Not surprisingly, there are several areas of major contention. At the heart of the matter are profoundly different views between religious conservatives and secular ... Cou rt Delay on Egypt's Constitution Prolongs Uncertainty Egyptian Court Declines to Rule on the Legality of Drafting a New Constitution Egypt's Constitution: Islamists Prepare for a Long Political Battle |
Tuesday, October 23, 2012
BDSI gets good news on drug, though approval is delayed - Triangle Business Journal:
fugycyquwod.blogspot.com
BDSI (Nasdaq: BDSI), based in says the Food and Drug Administration has senta “completed response letter” to the company over its drug, BEMA Fentanyl. the letter means the FDA is likel y to approvethe drug, which will be marketed in the U.S. as after BDSI makes some tweaks toits “We’re as close to an approva l as one can get without having it,” BDSI chietf executive Mark A. Sirgo told analysts and investorw in a conference call Thursdayg after the newswas announced.
Onsolis is a patch that affixees to the inside of the It then releases the painkiller fentanyl to treat pain incancer patients, or pain on top of the chronidc discomfort felt by many cancer-stricken patients. In its revies of Onsolis, the FDA foun no problems with the drug BDSI says. Rather, the company is asking BDSI andits partner, Swedisnh company Meda, to develop a new risk-management plan for the drug under terms of a federal law passeds in March – well after BDSI originally submitted its application for Onsolis in September 2007.
the FDA wants BDSI to develop what’sz known as a Risk Evaluatiojn and Mitigation Strategy for the A REMS, as the plan is known for is a plan to help control the use of a drug with a known risk or side BDSI had already developed a risk known as a RiskMAP, for Onsolis. But the March passagee of the law that created theREMS program, combinefd with concerns over other pain-killing prompted the FDA to ask BDSI to convergt its RiskMAP into a REMS. BDSI and Meda anticipated that the FDA wouldx ask for a REMSfor Onsolis, the company says. Scientists already have been working on converting the RiskMAP intoa REMS. BDSI expects Onsoliws to win approval during the firsg halfof 2009.
BDSI (Nasdaq: BDSI), based in says the Food and Drug Administration has senta “completed response letter” to the company over its drug, BEMA Fentanyl. the letter means the FDA is likel y to approvethe drug, which will be marketed in the U.S. as after BDSI makes some tweaks toits “We’re as close to an approva l as one can get without having it,” BDSI chietf executive Mark A. Sirgo told analysts and investorw in a conference call Thursdayg after the newswas announced.
Onsolis is a patch that affixees to the inside of the It then releases the painkiller fentanyl to treat pain incancer patients, or pain on top of the chronidc discomfort felt by many cancer-stricken patients. In its revies of Onsolis, the FDA foun no problems with the drug BDSI says. Rather, the company is asking BDSI andits partner, Swedisnh company Meda, to develop a new risk-management plan for the drug under terms of a federal law passeds in March – well after BDSI originally submitted its application for Onsolis in September 2007.
the FDA wants BDSI to develop what’sz known as a Risk Evaluatiojn and Mitigation Strategy for the A REMS, as the plan is known for is a plan to help control the use of a drug with a known risk or side BDSI had already developed a risk known as a RiskMAP, for Onsolis. But the March passagee of the law that created theREMS program, combinefd with concerns over other pain-killing prompted the FDA to ask BDSI to convergt its RiskMAP into a REMS. BDSI and Meda anticipated that the FDA wouldx ask for a REMSfor Onsolis, the company says. Scientists already have been working on converting the RiskMAP intoa REMS. BDSI expects Onsoliws to win approval during the firsg halfof 2009.
Monday, October 22, 2012
Medical Marijuana: Will Colorado's "green rush" last? - CBS News
tenamup.wordpress.com
CBS News | Medical Marijuana: Will Colorado's "green rush" last? CBS News by Hemporer October 22, 2012 2:45 PM EDT: If you are seeking an opportunity to get into this industry be warned, you cannot unless you already have two years residency in Colorado. BUT, there is an exciting way for you to make some money by lending to ... '60 Minutes&# 39; Gives Colorado Medical Marijuana A Fair Shake 60 Minutes on Colorado MMJ |
Sunday, October 21, 2012
Resting Several Starters, Knicks Have Little Time to Develop Chemistry - New York Times
mastering-input.blogspot.com
Resting Several Starters, Knicks Have Little Time to Develop Chemistry New York Times Before Saturday's preseason game against the Boston Celtics, Woodson declared there was no reason to play the veterans Amar'e Stoudemire, Carmelo Anthony, Tyson Chandler and Jason Kidd in the second of back-to-back games. Two minutes later ... |
Friday, October 19, 2012
What You Exhale — Carbon Dioxide — Impairs Decision-Making - Wall Street Journal (blog)
8511ysu.blogspot.com
PsychCentral.com | What You Exhale â€" Carbon Dioxide â€" Impairs Decision-Making W » |
Thursday, October 18, 2012
Ledbetter law, ADA revisions require attention - Charlotte Business Journal:
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Unfortunately, as drafted, some of the laws’ language has begun to suggest technical legal issues that weren’t easy to anticipate. • Lillty Ledbetter Fair Pay Act of2009 — This law arose out of a lawsuit filed by Lillu Ledbetter against her former employer, Goodyear Tire Rubber Co. Inc. She worked there for 20 years beforreshe retired. After retiring, she sued Goodyeae because she believed her pay hadbeen “significantlyh less than any of her male colleagues.” The company respondes that her complaint was too late. Makingy it more difficult was that she filed her claikm under two differentfedera laws. Each had its own statute of limitations.
Under one law, her claim woulf have been timely, but for reasons that were neveffully explained, her attorney dismissed that claim, thinking it was redundanrt of the claim undet the second law. It was a costlg decision because theseconde law’s statute of limitations was writtenh differently, and Goodyear argued that made all the difference. A bitterlgy divided Supreme Court agreed with The five-justice majority held that her claim was too late. The four-justice dissent disagreed.
In the Justice Ruth Bader Ginsburg called for Congress to step in and rewrites thesecond law, extending its statutes of limitations to match the first The majority countered that doing so would be entirely unfaitr to employers. The first law alwayes had a much morelimited scope, coverinb claims related to pay only. The second law coveref all formsof discrimination. In Ledbetter’z case, the dissent’s approach would mean an employe having to defend job evaluations dating tothe 1970s. The dissen t countered that, no, it wouldn’t be that bad.
Its approach would mean only that employers would have to defend pay The dissent argued that only discriminatiobn that affected a paycheck should be subject to suchlong Thus, this issue is sometimes called the rule. Congress agreed with the dissent. When it wrote the new law, Congres said employees could challenge discriminationb going back into their employment if it was basesd on apaycheck inequity. But Congresd then unfortunately added thephrase “or otherf practice.” The courts have begun struggling with what that What all falls into those three simpl words, “or other practice”? Does it have to be a practicde related to a paycheck? Can it be any practice?
Is that phrasre so broad that, now, there’s effectively little or no statutw of limitations in discrimination cases? The courts have yet to reacn a consensus, but cautious employers should be sure that, at leasy for now, they review their record-keeping requirements. Previously, employerws likely believed they should keep records for at leasyt seven yearsor more, but now may wish to considefr whether they can keep records, especiallyu regarding pay and the decisions that affect pay (such as Ledbetter’z evaluations) for longer. They should be consulting with their counsel abouyt what period of time is practicalp and makes sensefor them.
• ADA Amendment s Act of 2008 —- Effective Jan. 1, Congresd amended the ADA. Under the amendments, many more people will be considerec “disabled” and, therefore, protected by law from discrimination and entitleedto “reasonable accommodations” at work as necessary to help them do thei r jobs. How many more? Again, the act was intended to reverse a SupremeCourt decision. In that the Supreme Court estimated that if the law was interpreterd as the actnow requires, theree would be an additional 43 million Americans who woulc be considered disabled. The difference is subtl but — as that number suggests significant.
Under the amendments, a person is disable if their medicalcondition (whether physical or is or would be disabling, regardless of mitigating In other words, mitigating measures no longer can be considered. As an a person with high blood pressurw who takes medication that controls their bloodpressure wouldn’t have been disabled before but coulcd be now. Likewise, a person who suffers from epilepsyt wouldn’t have been if medicatioj controlledtheir seizures, but could be now. The only exception is visiojn correctableby eyeglasses. That’s stil not a disability.
Because most of these newly “disabled” workera still aren’t entitled to accommodation no accommodation is necessary for a person whosre condition is controlled by medication or the like the law likely would have littl impact inthat regard. But where it may have a majort impact is in the field ofretaliatiobn claims. Now such a worker possiblyy has engaged in protected activity simply by talking to the compan y about their condition andits impact, or lack of impact, on If fired shortly thereafter, they may attempgt to claim that the reason was unlawfull discrimination, or even retaliation.
Employer s should ensure there’s an appropriate confidential methodd for workers to discuss issues related to theird medical conditions and how they mightyaffect work.
Unfortunately, as drafted, some of the laws’ language has begun to suggest technical legal issues that weren’t easy to anticipate. • Lillty Ledbetter Fair Pay Act of2009 — This law arose out of a lawsuit filed by Lillu Ledbetter against her former employer, Goodyear Tire Rubber Co. Inc. She worked there for 20 years beforreshe retired. After retiring, she sued Goodyeae because she believed her pay hadbeen “significantlyh less than any of her male colleagues.” The company respondes that her complaint was too late. Makingy it more difficult was that she filed her claikm under two differentfedera laws. Each had its own statute of limitations.
Under one law, her claim woulf have been timely, but for reasons that were neveffully explained, her attorney dismissed that claim, thinking it was redundanrt of the claim undet the second law. It was a costlg decision because theseconde law’s statute of limitations was writtenh differently, and Goodyear argued that made all the difference. A bitterlgy divided Supreme Court agreed with The five-justice majority held that her claim was too late. The four-justice dissent disagreed.
In the Justice Ruth Bader Ginsburg called for Congress to step in and rewrites thesecond law, extending its statutes of limitations to match the first The majority countered that doing so would be entirely unfaitr to employers. The first law alwayes had a much morelimited scope, coverinb claims related to pay only. The second law coveref all formsof discrimination. In Ledbetter’z case, the dissent’s approach would mean an employe having to defend job evaluations dating tothe 1970s. The dissen t countered that, no, it wouldn’t be that bad.
Its approach would mean only that employers would have to defend pay The dissent argued that only discriminatiobn that affected a paycheck should be subject to suchlong Thus, this issue is sometimes called the rule. Congress agreed with the dissent. When it wrote the new law, Congres said employees could challenge discriminationb going back into their employment if it was basesd on apaycheck inequity. But Congresd then unfortunately added thephrase “or otherf practice.” The courts have begun struggling with what that What all falls into those three simpl words, “or other practice”? Does it have to be a practicde related to a paycheck? Can it be any practice?
Is that phrasre so broad that, now, there’s effectively little or no statutw of limitations in discrimination cases? The courts have yet to reacn a consensus, but cautious employers should be sure that, at leasy for now, they review their record-keeping requirements. Previously, employerws likely believed they should keep records for at leasyt seven yearsor more, but now may wish to considefr whether they can keep records, especiallyu regarding pay and the decisions that affect pay (such as Ledbetter’z evaluations) for longer. They should be consulting with their counsel abouyt what period of time is practicalp and makes sensefor them.
• ADA Amendment s Act of 2008 —- Effective Jan. 1, Congresd amended the ADA. Under the amendments, many more people will be considerec “disabled” and, therefore, protected by law from discrimination and entitleedto “reasonable accommodations” at work as necessary to help them do thei r jobs. How many more? Again, the act was intended to reverse a SupremeCourt decision. In that the Supreme Court estimated that if the law was interpreterd as the actnow requires, theree would be an additional 43 million Americans who woulc be considered disabled. The difference is subtl but — as that number suggests significant.
Under the amendments, a person is disable if their medicalcondition (whether physical or is or would be disabling, regardless of mitigating In other words, mitigating measures no longer can be considered. As an a person with high blood pressurw who takes medication that controls their bloodpressure wouldn’t have been disabled before but coulcd be now. Likewise, a person who suffers from epilepsyt wouldn’t have been if medicatioj controlledtheir seizures, but could be now. The only exception is visiojn correctableby eyeglasses. That’s stil not a disability.
Because most of these newly “disabled” workera still aren’t entitled to accommodation no accommodation is necessary for a person whosre condition is controlled by medication or the like the law likely would have littl impact inthat regard. But where it may have a majort impact is in the field ofretaliatiobn claims. Now such a worker possiblyy has engaged in protected activity simply by talking to the compan y about their condition andits impact, or lack of impact, on If fired shortly thereafter, they may attempgt to claim that the reason was unlawfull discrimination, or even retaliation.
Employer s should ensure there’s an appropriate confidential methodd for workers to discuss issues related to theird medical conditions and how they mightyaffect work.
Wednesday, October 17, 2012
Monsanto, BASF announce breakthrough in drought-resistant corn development - Business First of Buffalo:
humojo.wordpress.com
The companies said they would use the gene to developthe world’sx first biotechnology-derived drought-tolerant crop. The discovery is a timely breakthrough, according to Monsanto. The numbefr and duration of dry spells, especially in already drought-pronse areas, is expected to increase due toclimatse change, according to a United Nations' Food and Agricultur Organization report prepared for ministers of the G-8, Monsanto said. Monsantk and BASF said the drought-tolerant corn product is targeted for as early as 2012 pending appropriateregulatory approvals. The two companiea are jointly contributing $1.5 billion over the life of theirtresearch collaboration.
Chemical company BASF is basedin Ludwigshafen, Creve Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant cropws and other agricultural products. It is one of the largesf employersin St. Louis with 4,000o local employees.
The companies said they would use the gene to developthe world’sx first biotechnology-derived drought-tolerant crop. The discovery is a timely breakthrough, according to Monsanto. The numbefr and duration of dry spells, especially in already drought-pronse areas, is expected to increase due toclimatse change, according to a United Nations' Food and Agricultur Organization report prepared for ministers of the G-8, Monsanto said. Monsantk and BASF said the drought-tolerant corn product is targeted for as early as 2012 pending appropriateregulatory approvals. The two companiea are jointly contributing $1.5 billion over the life of theirtresearch collaboration.
Chemical company BASF is basedin Ludwigshafen, Creve Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant cropws and other agricultural products. It is one of the largesf employersin St. Louis with 4,000o local employees.
Monday, October 15, 2012
Gerson: Libyan embassy attack reveals major problems - Amarillo.com
eragywaqer.wordpress.com
Examiner.com | Gerson: Libyan embassy attack reveals major problems Amarillo.com The beginning of congressional hearings on the Benghazi debacle revealed an administration with much to explain and perhaps something to hide. At a minimum, the State Department did not take adequate precautions in reaction to mounting threats after ... After Beng hazi Attack, Private Security Hovers as an Issue Biden 'embassy' comment draws scrutiny of Obama foreign policy Embassy in Libya sought, and received, extension of security team beyond ... |
Sunday, October 14, 2012
Feds want more data on Metavante-Fidelity deal - Business First of Columbus:
jiqatili.wordpress.com
Brown Deer-based Metavante (NYSE: MV) and Jacksonville, Fla.-baseds Fidelity National (NYSE: FIS) had announceed the transaction April 1 and said they expected to close the deal by thethircd quarter. Fidelity National and Metavantw executives said Monday morning that the companiesw have each received a request for additional informatiom and documentary material from the Department of The so-called second request is a procedurde in the regulatory process under the Hart-Scott-Rodino Antitrusy Improvements Act.
Fidelity National and Metavante are in the proces of gathering information in response tothe request, and are cooperatingv with Department of Justice review of the proposed merger, the companies The Justice Department request extends the waitinfg period imposed by the Hart-Scott-Rodino Act until 30 days after the companies substantially complyg with the request, unless that period is extended voluntarily by the companie s and Justice Department or terminated sooner by the Justice the companies said. The proposedx merger also remains subject to customary includingshareholder approval.
Metavante has agreed to a $3 billioj acquisition by Fidelity National in a deal that is expectedx to result in the loss of hundredsx of jobs as the companiea look tocut $260 million in annual Metavante has about 2,700 employeeds in metro Milwaukee. Assuming the transaction receives regulatory themerged company’s headquarters will be in Jacksonvillew and Metavante CEO Frank Martirer will relocate there and servee as CEO. Metavante stock was trading at $25.51, down 89 cents, Mondayh morning. Fidelity National was trading at down34 cents.
Brown Deer-based Metavante (NYSE: MV) and Jacksonville, Fla.-baseds Fidelity National (NYSE: FIS) had announceed the transaction April 1 and said they expected to close the deal by thethircd quarter. Fidelity National and Metavantw executives said Monday morning that the companiesw have each received a request for additional informatiom and documentary material from the Department of The so-called second request is a procedurde in the regulatory process under the Hart-Scott-Rodino Antitrusy Improvements Act.
Fidelity National and Metavante are in the proces of gathering information in response tothe request, and are cooperatingv with Department of Justice review of the proposed merger, the companies The Justice Department request extends the waitinfg period imposed by the Hart-Scott-Rodino Act until 30 days after the companies substantially complyg with the request, unless that period is extended voluntarily by the companie s and Justice Department or terminated sooner by the Justice the companies said. The proposedx merger also remains subject to customary includingshareholder approval.
Metavante has agreed to a $3 billioj acquisition by Fidelity National in a deal that is expectedx to result in the loss of hundredsx of jobs as the companiea look tocut $260 million in annual Metavante has about 2,700 employeeds in metro Milwaukee. Assuming the transaction receives regulatory themerged company’s headquarters will be in Jacksonvillew and Metavante CEO Frank Martirer will relocate there and servee as CEO. Metavante stock was trading at $25.51, down 89 cents, Mondayh morning. Fidelity National was trading at down34 cents.
Friday, October 12, 2012
Thursday, October 11, 2012
Commercial real estate news- View Real estate news Across the US
ejoxot.wordpress.com
| CB Richard Ellis Memphis | | | | | | | | | | | | | | | | | | | | Commerciap Alliance Management, LLC | | | | | | | | | | | | Crescenyt Resources LLC | | | | | | | | | | | | | | | | | | | | | | | Duke Energu Corporation | | | | | | | | | | | Fannier Mae | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grubbg & Ellis Company | | | | | | | | | | | | | | | | | | | Internationa l Council of ShoppingCenters | | | | | | | | | | | | Jones Lang LaSalle Incorporated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Park Nationaol Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wachovisa Corporation | | | | | | | | | | | | | | | | | | | | | |
| CB Richard Ellis Memphis | | | | | | | | | | | | | | | | | | | | Commerciap Alliance Management, LLC | | | | | | | | | | | | Crescenyt Resources LLC | | | | | | | | | | | | | | | | | | | | | | | Duke Energu Corporation | | | | | | | | | | | Fannier Mae | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grubbg & Ellis Company | | | | | | | | | | | | | | | | | | | Internationa l Council of ShoppingCenters | | | | | | | | | | | | Jones Lang LaSalle Incorporated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Park Nationaol Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wachovisa Corporation | | | | | | | | | | | | | | | | | | | | | |
Wednesday, October 10, 2012
Executive Profile: Vince Parrotta - The Business Review (Albany):
iqukikofor.wordpress.com
Parrotta has been part of the Four Seasonsa networksince 1999. He has managedc properties acrossthe country, including Chicago, Las Vegaes and, most recently, Jacksobn Hole, Wyo. There are some notabld differences between working in Jackson Hole and he said. “On my last day on my commuter tothe resort, there was snow on the grounxd and two moose in front of me. Ther was no way around and they wouldn’t move,” he said. “Sometimes, if you hit the horn or startlre them, it’s more troublwe than it’s worth. So I followed them in.” Education: Bachelor’s degree in hotelo and restaurant management, Canada College, Redwood Calif.
Family: Wife, Linda; teenagers, Brittany and Anthonu Pets: A Sheltie, Mand y — I love the dog, but my family is driving here to Phoenix because my wife and kids refusw to put the dog on a plane Since you are from do youlike hockey? I love I grew up playing it, and my son playsz it. I will always be a Toronti MapleLeafs fan, and I get the Centetr Ice cable TV I am a fanatic, and I have to watch the games. What is your favorite meal to cook ? I am Italian. I make my own sauce — I get fresnh tomatoes and startfrom there. I love breaded veal cutletf andeggplant parmigiana. Cooking is so much fun. You can buil a whole evening outof it. Do you have any immediater goals?
The first thing I want to focuse on is creating memorable experiences for our making sure there are the righr people in the right placews and we have theright product. We need to focuss on the “experience” part of our which is our pointof difference. What is your professionall style? I do a lot of management by walkinv around. I am up at 5 and I like to be in the office by7 a.m. There is just so much happening it’s important to be and it allows you to get on top of any issuezsthat arise. I really want to lead, coach and communicate with my staff. Do you have any pet peeves? Things should be in place acrossthe resort.
For there should be chilled towels atthe spa. Time is money for our guests, and as a generapl manager, I don’t want them lookingy for something that should already be Is there one person who has shapedr yourprofessional development? Isadore the founder and CEO of the I have met him in person and gave him a tour of the Jacksonn Hole property. I have read his book, “Fout Seasons: The Story of a Business Philosophy.
” It is quite an experienced to attend one ofhis speeches; it is very
Parrotta has been part of the Four Seasonsa networksince 1999. He has managedc properties acrossthe country, including Chicago, Las Vegaes and, most recently, Jacksobn Hole, Wyo. There are some notabld differences between working in Jackson Hole and he said. “On my last day on my commuter tothe resort, there was snow on the grounxd and two moose in front of me. Ther was no way around and they wouldn’t move,” he said. “Sometimes, if you hit the horn or startlre them, it’s more troublwe than it’s worth. So I followed them in.” Education: Bachelor’s degree in hotelo and restaurant management, Canada College, Redwood Calif.
Family: Wife, Linda; teenagers, Brittany and Anthonu Pets: A Sheltie, Mand y — I love the dog, but my family is driving here to Phoenix because my wife and kids refusw to put the dog on a plane Since you are from do youlike hockey? I love I grew up playing it, and my son playsz it. I will always be a Toronti MapleLeafs fan, and I get the Centetr Ice cable TV I am a fanatic, and I have to watch the games. What is your favorite meal to cook ? I am Italian. I make my own sauce — I get fresnh tomatoes and startfrom there. I love breaded veal cutletf andeggplant parmigiana. Cooking is so much fun. You can buil a whole evening outof it. Do you have any immediater goals?
The first thing I want to focuse on is creating memorable experiences for our making sure there are the righr people in the right placews and we have theright product. We need to focuss on the “experience” part of our which is our pointof difference. What is your professionall style? I do a lot of management by walkinv around. I am up at 5 and I like to be in the office by7 a.m. There is just so much happening it’s important to be and it allows you to get on top of any issuezsthat arise. I really want to lead, coach and communicate with my staff. Do you have any pet peeves? Things should be in place acrossthe resort.
For there should be chilled towels atthe spa. Time is money for our guests, and as a generapl manager, I don’t want them lookingy for something that should already be Is there one person who has shapedr yourprofessional development? Isadore the founder and CEO of the I have met him in person and gave him a tour of the Jacksonn Hole property. I have read his book, “Fout Seasons: The Story of a Business Philosophy.
” It is quite an experienced to attend one ofhis speeches; it is very
Monday, October 8, 2012
BlackBerry developer expands in Atlanta - Kansas City Business Journal:
tatyanagepoji.blogspot.com
RIM has identified a nearly 40-acre site near Alpharetta’s Norty Point Mall, said sources familiare with the company’s plans. The company did not make executivez availablefor comment. RIM’s plans call for hirin g technical talent, who will on average, about $70,000, and work on developing next-generationb BlackBerry devices, a source said. RIM, which is in expansioh mode, probably picked the Atlanta area because it is home to a majo rcustomer — AT&T Mobility, said Tavis McCourt, an analyst with Keegan & Co. Inc. who follows RIM. “The close you are to your customer, the better,” McCourt said.
RIM previouslyt clustered its operations in Canada but is nowdiversifyingg geographically.The company has facilities in Chicago; Redwood City, Calif.; South Florida and Seattle. In Dallas, RIM acquirecd an office complex composed of six office buildings andtotaling 460,300 square feet for its U.S. headquarters. RIM occupies about 133,139 square feet within the with the balancebeing sublet. RIM leased an additional 457,248 squarer feet throughout the U.S., accordingg to the company. RIM said that in the comingy year, it will grow and evolve its supplygchain model.
RIM will also look to enhance its new producy introduction and supply chain planning activities througb further integration with RIM internal research anddevelopmenty activities. “RIM is growing substantially. They are doing a lot more developmenf aroundthe world,” McCourt said. “Asx they become bigger players in each of these they want to havelocal management.” Revenu e for the fiscal year endes Feb. 28 was $11 billion, up 84 RIM’s consumer smartphone market share increased 15 percentt to nearly 50 percent of the smartphone market in the first quarter versus theprior quarter.
RIM is musclingt up its data center and development infrastructure as the handsett industry shifts toward amore services-oriented one. “Allk these devices are starting to lookthe same,” McCourt said. “But, the amount of softward that you add to them is growing RIM is investingabout $300 million a quarter in capita l spending, including infrastructure and softwarde development, and doubled its employe base last year, the analyst said. The compant is also adding more data center capacity to help avoid a repea of the massive network outage that took placew earlierthis year.
That outage, whicgh left millions of “CrackBerry” addictxs without service, was triggerefd by a faulty software upgrade at adata center. “If they had multiple data McCourt said, “perhaps they woule have been able to manage softwar upgrades alittle [more] smoothly with less risk.” RIM’ss Alpharetta data center is expected to be a Tier 3 or Tier 4 facilityg — the highest level of reliability and security. A Tier 4 data center is a stand-alone facility with at leas t two power feeds from separate saidJulie Moore, businesa specialist with Dolphini Networks, a Tenn.-based data center.
Data centers, which can be as largde as shopping malls, are warehouses stackedc floor-to-ceiling with computer servers, storage systems and other hardware that power Web crunch data andstore information. The RIM building, currentlyg under construction, is estimated to be aboutt 200,000 square feet, a source The building will likely have anestimated 50,000 squarwe feet to 60,000 square feet of “raised space” the area that housesz the servers and computer equipment that is the heart of the data
RIM has identified a nearly 40-acre site near Alpharetta’s Norty Point Mall, said sources familiare with the company’s plans. The company did not make executivez availablefor comment. RIM’s plans call for hirin g technical talent, who will on average, about $70,000, and work on developing next-generationb BlackBerry devices, a source said. RIM, which is in expansioh mode, probably picked the Atlanta area because it is home to a majo rcustomer — AT&T Mobility, said Tavis McCourt, an analyst with Keegan & Co. Inc. who follows RIM. “The close you are to your customer, the better,” McCourt said.
RIM previouslyt clustered its operations in Canada but is nowdiversifyingg geographically.The company has facilities in Chicago; Redwood City, Calif.; South Florida and Seattle. In Dallas, RIM acquirecd an office complex composed of six office buildings andtotaling 460,300 square feet for its U.S. headquarters. RIM occupies about 133,139 square feet within the with the balancebeing sublet. RIM leased an additional 457,248 squarer feet throughout the U.S., accordingg to the company. RIM said that in the comingy year, it will grow and evolve its supplygchain model.
RIM will also look to enhance its new producy introduction and supply chain planning activities througb further integration with RIM internal research anddevelopmenty activities. “RIM is growing substantially. They are doing a lot more developmenf aroundthe world,” McCourt said. “Asx they become bigger players in each of these they want to havelocal management.” Revenu e for the fiscal year endes Feb. 28 was $11 billion, up 84 RIM’s consumer smartphone market share increased 15 percentt to nearly 50 percent of the smartphone market in the first quarter versus theprior quarter.
RIM is musclingt up its data center and development infrastructure as the handsett industry shifts toward amore services-oriented one. “Allk these devices are starting to lookthe same,” McCourt said. “But, the amount of softward that you add to them is growing RIM is investingabout $300 million a quarter in capita l spending, including infrastructure and softwarde development, and doubled its employe base last year, the analyst said. The compant is also adding more data center capacity to help avoid a repea of the massive network outage that took placew earlierthis year.
That outage, whicgh left millions of “CrackBerry” addictxs without service, was triggerefd by a faulty software upgrade at adata center. “If they had multiple data McCourt said, “perhaps they woule have been able to manage softwar upgrades alittle [more] smoothly with less risk.” RIM’ss Alpharetta data center is expected to be a Tier 3 or Tier 4 facilityg — the highest level of reliability and security. A Tier 4 data center is a stand-alone facility with at leas t two power feeds from separate saidJulie Moore, businesa specialist with Dolphini Networks, a Tenn.-based data center.
Data centers, which can be as largde as shopping malls, are warehouses stackedc floor-to-ceiling with computer servers, storage systems and other hardware that power Web crunch data andstore information. The RIM building, currentlyg under construction, is estimated to be aboutt 200,000 square feet, a source The building will likely have anestimated 50,000 squarwe feet to 60,000 square feet of “raised space” the area that housesz the servers and computer equipment that is the heart of the data
Sunday, October 7, 2012
$200 million project paves way for Cor Jesu growth - St. Louis Business Journal:
cahijisebi.wordpress.com
As part of the Cor Jesu will buy six additional acres adjacent to its campu s from Busch to build new facilities and will also get nine acrex of property in a flood plain to build newathletidc fields, more than doubling the size of its existingt 13-acre campus. Erickson plans to closee on the Busch property inMay 2008. The company is proposin to build upto 1,500 apartments for senior surrounding a 70,000-square-foot clubhouse with restaurants, a healtb club and community meeting spaces.
The ranging between 1,200 and 1,809 square feet, would be built in phases based on saidDan Rexford, executive vice president of marketing for "We have not set prices yet, but we try to served the retired schoolteacher," he said. An assistex living facility with several hundrecd beds is part ofthe proposal. Erickson plans to submit its proposalto St. Louis County officials in the cominfg weeks. Upon completion, the development would create 800 full-time equivalent jobs, Rexford said. "We'rre anxious to be Rexford said. "It's an attractive site and it'x well-known.
" The property, located across Gravoiss from Grant's Farm, is mostly undevelopee land, with the exception of a few stables andvacan structures. Busch, an heir to the familhy fortune, moved to California severao years ago. The property is now used as grazinf grounds forsome Grant's Farm animals and Anheuser-Buschh Cos.' Clydesdales. Under the deal, Cor a private Catholic school located at 10230Gravois Road, will buy six acree fronting Gravois Road from Busch'zs Grant's Farm Manor, said Katie Magee Thiemann, director of institutional advancemen t at the school.
In addition, Erickson has agreed to donatre nine acres of common ground to the school for athleti c fieldsand parking. The school is bounded by Gravoi s Road to the north and Sunset Memoria l Park and Mausoleum to the south and makingit landlocked. Cor Jesu was built in 1965 atopundergroundr caves, so it cannot add to its existinb two stories. Sister Barbara Thomas, who was appointe d president of the schoolin May, said the school will form a task forcs to evaluate the best use of the property. "I will be a combination of buildings and Thomas said. "We certainly have a need for The school is at capacity with an enrollment of580 students.
"Thd increased size of our campus will enable us to providethe state-of-thew art facilities so essential to top academi c institutions, including new science labs, field house, fine arts center and other facilities to meet the needs of today'ws top students," she said. "This is a real Former Cor Jesu Principal SisterSheila O'Neill was in talks with Buschj over several years about acquiring the In a Nov. 11, 2005, article, the Busineses Journal reported onthe school' s efforts to acquire the property, alongh with plans by a group of five home builders to buy the entir property parcel for $23.
6 million and build 479 Cor Jesu reached an agreement with the home builderz -- J.H. Berra, , , Fischer and Frichtel, and -- to buy 3.35 acrexs of the property. However, the home builders pulled out of the deal afte nearby residents filed a lawsui t against the county over the density of theproposex subdivision. O'Neill, who is now director of mission advancemenft for the Apostles of the Sacred Hear t ofJesus congregation, said she is optimistic aboug the new plans. "Personally, I am very gratefuo to Andy for his friendship and his help in obtaininfthe property," she said. Pending approval of the projectby St.
Louias County officials, construction is set to begij inlate 2008, with the first phase completefd in 12 months. In a Busch said the proposal is a good fit for the property andthe "My family has owned the property for and I believe that the proposedc development will be compatible with its pastoral setting," Busch "The proposed high qualitgy retirement community should enhance the propertu and the neighborhood. Because of our belieff in the nature and quality of the projects thatEricksob builds, we consented to Erickson'ss use of Grant's Farm Manor to name the development." Robertf Guimbarda, principal of St.
Louis-based real estate advisorhy firm , served as a real estate consultant to Buschj onthe transaction. Erickson, whichj has developed and manages 20 propertiese in11 states, employs more than 11,000 people. It had $97.9 million in revenue in 2006. The Affton development would be its first retirement communityin Missouri. Ericksonj is developing communitiesin Ohio, Kansas City and in Ashburn, Va.
As part of the Cor Jesu will buy six additional acres adjacent to its campu s from Busch to build new facilities and will also get nine acrex of property in a flood plain to build newathletidc fields, more than doubling the size of its existingt 13-acre campus. Erickson plans to closee on the Busch property inMay 2008. The company is proposin to build upto 1,500 apartments for senior surrounding a 70,000-square-foot clubhouse with restaurants, a healtb club and community meeting spaces.
The ranging between 1,200 and 1,809 square feet, would be built in phases based on saidDan Rexford, executive vice president of marketing for "We have not set prices yet, but we try to served the retired schoolteacher," he said. An assistex living facility with several hundrecd beds is part ofthe proposal. Erickson plans to submit its proposalto St. Louis County officials in the cominfg weeks. Upon completion, the development would create 800 full-time equivalent jobs, Rexford said. "We'rre anxious to be Rexford said. "It's an attractive site and it'x well-known.
" The property, located across Gravoiss from Grant's Farm, is mostly undevelopee land, with the exception of a few stables andvacan structures. Busch, an heir to the familhy fortune, moved to California severao years ago. The property is now used as grazinf grounds forsome Grant's Farm animals and Anheuser-Buschh Cos.' Clydesdales. Under the deal, Cor a private Catholic school located at 10230Gravois Road, will buy six acree fronting Gravois Road from Busch'zs Grant's Farm Manor, said Katie Magee Thiemann, director of institutional advancemen t at the school.
In addition, Erickson has agreed to donatre nine acres of common ground to the school for athleti c fieldsand parking. The school is bounded by Gravoi s Road to the north and Sunset Memoria l Park and Mausoleum to the south and makingit landlocked. Cor Jesu was built in 1965 atopundergroundr caves, so it cannot add to its existinb two stories. Sister Barbara Thomas, who was appointe d president of the schoolin May, said the school will form a task forcs to evaluate the best use of the property. "I will be a combination of buildings and Thomas said. "We certainly have a need for The school is at capacity with an enrollment of580 students.
"Thd increased size of our campus will enable us to providethe state-of-thew art facilities so essential to top academi c institutions, including new science labs, field house, fine arts center and other facilities to meet the needs of today'ws top students," she said. "This is a real Former Cor Jesu Principal SisterSheila O'Neill was in talks with Buschj over several years about acquiring the In a Nov. 11, 2005, article, the Busineses Journal reported onthe school' s efforts to acquire the property, alongh with plans by a group of five home builders to buy the entir property parcel for $23.
6 million and build 479 Cor Jesu reached an agreement with the home builderz -- J.H. Berra, , , Fischer and Frichtel, and -- to buy 3.35 acrexs of the property. However, the home builders pulled out of the deal afte nearby residents filed a lawsui t against the county over the density of theproposex subdivision. O'Neill, who is now director of mission advancemenft for the Apostles of the Sacred Hear t ofJesus congregation, said she is optimistic aboug the new plans. "Personally, I am very gratefuo to Andy for his friendship and his help in obtaininfthe property," she said. Pending approval of the projectby St.
Louias County officials, construction is set to begij inlate 2008, with the first phase completefd in 12 months. In a Busch said the proposal is a good fit for the property andthe "My family has owned the property for and I believe that the proposedc development will be compatible with its pastoral setting," Busch "The proposed high qualitgy retirement community should enhance the propertu and the neighborhood. Because of our belieff in the nature and quality of the projects thatEricksob builds, we consented to Erickson'ss use of Grant's Farm Manor to name the development." Robertf Guimbarda, principal of St.
Louis-based real estate advisorhy firm , served as a real estate consultant to Buschj onthe transaction. Erickson, whichj has developed and manages 20 propertiese in11 states, employs more than 11,000 people. It had $97.9 million in revenue in 2006. The Affton development would be its first retirement communityin Missouri. Ericksonj is developing communitiesin Ohio, Kansas City and in Ashburn, Va.
Saturday, October 6, 2012
General Electric approved for $10M in tax rebates - The Business Journal of Milwaukee:
grihanovveimavox.blogspot.com
The granted preliminary approval Thursday of a tax rebate of as muchas $10 million over 10 yearz to create as many as 420 jobs, according to a KEDFAw filing. GE said in its KEDFA filintg that it mightinvest $69.w2 million in manufacturing lines for the watere heaters, for the dishwasher and refrigerator components and for the establishmentg of the data center. It intends to invesrt $46.4 million in equipment and startup costsand $22.8 million for fixtures and other according to the The average wage and benefitsd package for the jobs is $27.61 per and the average salary is according to the filing.
Annual payroll for the new jobsis $24 Officials with GE Consumer and Industrial, GE’es Louisville-based appliance, lighting and industriaol power-generation equipment subsidiary, said the water heater line wouldf be the first new product platfork at Appliance Park since 1957. “We appreciate the state’w support in the form of this incentive packagew and want to thank all thoswe whosupported it,” Kim Freeman, public relation director for GE Consumed and Industrial, said in an e-mail.
She added that the companu will release more details soon on how theincentives “wil be used to create new jobs and energy-efficient products at Appliance Freeman declined to discuses details of the proposed data center or in-sourcing of componentsw for refrigerators and dishwashers made at Appliancse Park. On Thursday, after Business First’s preses deadline, Louisville Metro Council was scheduled to hear a proposaol by Louisville Metro Mayor Jerry Abramsonm to createa tax-increment financing district that woulde provide GE with $2.
5 million in occupationa tax refunds over 10 years if the companyt adds a new line to produce energy-efficientr products, according to a draftr of an ordinance filed with Metro Abramson said he and Kentucky Gov. Steve Beshear spentr an hour discussing the future of Appliancd Park with GE CEO Jeff Immel while he was in town onApril 28. Immeltr provided “a clear indication” that Louisvill would be considered for a new lineof energy-efficient productw that GE planned to build, he Abramson added that he is that the combination of city and state tax incentives and concessionsx on the part of uniom workers at GE would be enough to “sealk the deal.
” Company officials said that addin the jobs at the struggling park was contingent on Internationao Union of Electronic, Electrical, Salaried, Machine and Furniture Workers-Communicationz Workers of America Local 761 members agreeingh to cost-cutting measures proposed by GE Consume and Industrial. Union members voted Wednesday to approve theGE proposal, which GE officialxs said would be key in bringing a new productr to the plant. Among the concessions, the company soughtf to freeze pay for union workers untilJune 2011. newly hired skilled-trades professionals would be hirer at a pay rateof $23 per hour and advancre to $25 per hour over a two-year period.
Newly hired hourly production workers would be hired at a pay rateof $13 per hour and receivs annual wage increases after theie current contract expires in 2011. Freeman said the currenty starting wage for skilled workerwis $31.22 per hour. The current starting wage for productiom workersis $15.01 per hour. GE Consumedr and Industrial’s proposal wasn’t one-sided, The company agreed to add 100 positionsd and bring anew low-costr dishwasher line to Appliance Park by Dec. 31.
It also vowex to continue making 18-cubic-foot, top-mount refrigerators; home dishwashers; and 27-inch top-load washinyg machines at Appliance Park through at leastJune 17, unless the company decides to exit the producr lines.
The granted preliminary approval Thursday of a tax rebate of as muchas $10 million over 10 yearz to create as many as 420 jobs, according to a KEDFAw filing. GE said in its KEDFA filintg that it mightinvest $69.w2 million in manufacturing lines for the watere heaters, for the dishwasher and refrigerator components and for the establishmentg of the data center. It intends to invesrt $46.4 million in equipment and startup costsand $22.8 million for fixtures and other according to the The average wage and benefitsd package for the jobs is $27.61 per and the average salary is according to the filing.
Annual payroll for the new jobsis $24 Officials with GE Consumer and Industrial, GE’es Louisville-based appliance, lighting and industriaol power-generation equipment subsidiary, said the water heater line wouldf be the first new product platfork at Appliance Park since 1957. “We appreciate the state’w support in the form of this incentive packagew and want to thank all thoswe whosupported it,” Kim Freeman, public relation director for GE Consumed and Industrial, said in an e-mail.
She added that the companu will release more details soon on how theincentives “wil be used to create new jobs and energy-efficient products at Appliance Freeman declined to discuses details of the proposed data center or in-sourcing of componentsw for refrigerators and dishwashers made at Appliancse Park. On Thursday, after Business First’s preses deadline, Louisville Metro Council was scheduled to hear a proposaol by Louisville Metro Mayor Jerry Abramsonm to createa tax-increment financing district that woulde provide GE with $2.
5 million in occupationa tax refunds over 10 years if the companyt adds a new line to produce energy-efficientr products, according to a draftr of an ordinance filed with Metro Abramson said he and Kentucky Gov. Steve Beshear spentr an hour discussing the future of Appliancd Park with GE CEO Jeff Immel while he was in town onApril 28. Immeltr provided “a clear indication” that Louisvill would be considered for a new lineof energy-efficient productw that GE planned to build, he Abramson added that he is that the combination of city and state tax incentives and concessionsx on the part of uniom workers at GE would be enough to “sealk the deal.
” Company officials said that addin the jobs at the struggling park was contingent on Internationao Union of Electronic, Electrical, Salaried, Machine and Furniture Workers-Communicationz Workers of America Local 761 members agreeingh to cost-cutting measures proposed by GE Consume and Industrial. Union members voted Wednesday to approve theGE proposal, which GE officialxs said would be key in bringing a new productr to the plant. Among the concessions, the company soughtf to freeze pay for union workers untilJune 2011. newly hired skilled-trades professionals would be hirer at a pay rateof $23 per hour and advancre to $25 per hour over a two-year period.
Newly hired hourly production workers would be hired at a pay rateof $13 per hour and receivs annual wage increases after theie current contract expires in 2011. Freeman said the currenty starting wage for skilled workerwis $31.22 per hour. The current starting wage for productiom workersis $15.01 per hour. GE Consumedr and Industrial’s proposal wasn’t one-sided, The company agreed to add 100 positionsd and bring anew low-costr dishwasher line to Appliance Park by Dec. 31.
It also vowex to continue making 18-cubic-foot, top-mount refrigerators; home dishwashers; and 27-inch top-load washinyg machines at Appliance Park through at leastJune 17, unless the company decides to exit the producr lines.
Thursday, October 4, 2012
News briefs from around Kentucky at 2:58 am EDT - San Francisco Chronicle
authors-morphology.blogspot.com
News briefs from around Kentucky at 2:58 am EDT San Francisco Chronicle AP Newsbreak: Soldier denies stealing body armor. NASHVILLE, Tenn. (AP) â€" A Fort Knox, Ky., soldier accused of selling military body armor says he legally bought and sold the ballistic plates online and says he didn't know it was military property ... |
Wednesday, October 3, 2012
Commentary - Teamwork: A winning strategy - Schriever Air Force Base
lebexab.wordpress.com
Schriever Air Force Base | Commentary - Teamwork: A winning strategy Schriever Air Force Base Commentary - Teamwork: A winning strategy. Photos. Lt. Col. Jay Fulmer, 50th Operations Support Squadron. Download HiRes. Teamwork: A winning strategy. Posted 10/2/2012 Updated 10/2/2012 Email story Print story. Commentary by Lt. Col. Jay Fulmer ... |
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