Poor economy drives down gas - Business Courier of Cincinnati:

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The average price of self-serve regular gasoline in the Los Angeles-Lonv Beach area is $2.9323 per gallon, which is 4.5 centws less than last week, two cents higher than last month, and $1.6r less than last year. On the Central the average priceis $3.022, down 2.2 cents from last eight cents above last month, and $1.609 below last year. In the Inland Empire, the averagee per gallon priceis $2.926, whichg is 4.2 cents less than last two cents more than last month, and $1.61 less than last “Oil industry analysts tell us that crudw oil prices and wholesale gasoline futures had moved up to unsustainablse levels given the flat driving demanfd in California and the U.S.
We’ve seen these commodity prices declined sharply in the last couple of weekse and hopefully that signals a continued downwarr trend at thegas pump,” Auto Club Spokesperson Jeffrey Sprinv said in a statement.

Analyst call Jan 26 - The Malaysian Insider

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Analyst call Jan 26 The Malaysian Insider Wah Seong may also be interested in the massive Browse LNG project that would require 900km of inter-field & infield pipelines and 350km of export pipelines, to link the central gas processing and compression facility to shore. and more »

Vacancies, rent up for Denver-area rental homes - Denver Business Journal:

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Vacancies of for-rent single-familuy homes, condominiums, townhomes, duplexes and other small housinfg increasedto 3.6 percent during the first period from 2.7 perceny for the same quarter of 2008. But vacancieas were down in the first periodfrom 4.9 percen t in the fourth quarter of ’08. The housing division doesn’tr include apartments in its rental housing but does produce a separate reportfor apartments. Metrowide average rent for rental housing increasecdto $1,004.44 in the first quarter from $984.61 year over year.
Fourth-quarter 2008 average rent was All of the six countiew tracked by the housing division had higher vacancies inthis year’ s first quarter year over year, excep t Adams and Boulder/Broomfield counties. (While othefr agencies separate Boulder and Broomfield giving the metro areasevenb counties, the housing division combines thosee two northwestern counties.) Vacancyu rates for the first period by county Adams (5.1 percent), Arapahoe (2.9 percent), Boulder/Broomfiel (2.1 percent), Denver (4 Douglas (2.4 percent) and Jefferson (3.8 percent). From 2008’x final quarter to this year’sx first period, all counties reported dropsx invacancy rate.
Average first-quarter housingf rents were highest inthe Boulder/Broomfield area, at and lowest in Denver County, at $932.53. Average rents rose in all counties, year over year, except Arapahow and Douglas counties. Arapahoe Countty reported an average rent of and Douglas County had an averagr rentof $1,374.94. Jefferson County’s first-quarter average rent was $980.60, and Adams County’se was $1,064.17. Rents decreased from the last quartet of 2008 tothis year’s first quarter only in Douglas, Jefferson and Boulder/Broomfield according to the report.
The rental-housinbg survey was compiled by GordonVon Stroh, University of Denver businessx professor, for the housing division. Assistanced was provided by the National Association ofProperthy Managers, , Institute of Real Estate as well as individuall property owners and managers.

Colorado skier visits down 5.5% for the season - Denver Business Journal:

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percent from last year, reported Thursday. But the state’es ski resorts had an uptick in visits by FronrtRange residents, and Melanie Mills, Ski Country’s president and CEO, pronouncedx herself “very happy with wherse visitation is for this season.” “The trave industry as a whole was put to the test this past Mills said in a statement. “Buy visitation numbers show not only the enduring value of a Coloradokski vacation, but the strong commitment our residentf skiing and riding community has to our state’ds signature sports.” Ski Country is a marketing and trade groulp for 22 Colorado mountain resorts. Those member resort alone recorded 6.
79 million skier visits this down 6.9 percent from the previouzs year, Ski Country said. Member resort numbers for 2008-09 were down 3.9 percent from the average of the last five SkiCountry said. Ski Country said that in-statd resort visits were up 2.5 percent over last year, as Frontr Range residents took advantage of bargains and stayed closer to home to keep down vacationj andrecreations costs. Ski areas operated by Broomfield-basedc aren’t members of Ski Country. Those resort s include Breckenridge, Vail, Beaver Creek and Vail Resorts last week said its total skiefr visits at all its resorts including Heavenlyin California-Nevada — were down 5.
3 percent from the previousw season.

Atlas Pipeline and Williams launch Marcellus Shale venture - Denver Business Journal:

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The two companies LLC, on April 1 . Atlas Energg Resources LLC (NYSE:ATN), an affiliatw of Atlas Pipeline Partners, will be the anchor tenant on Laurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receiver $90 million in cash, a preferre d right to proceeds undera $25.5 million obligatiomn from Williams, and 49 percent of Laurel Mountain. The obligatiohn amortizes in equal principal installmentse overthree years.
Atlas Pipeline Partners can convert its right to receive accrued principal and interestr under the obligation into a sum equal to the accruex principal and interest and use that to coverd its required capital expenditures underthe joint-venture Atlas Pipeline Partners also said its lenderss recently agreed to relax the covenants relating to total debt and earningsz before interest, taxes, depreciation and amortization on its $380 millio n revolving credit line and $463 million term loan Additionally, , which owns the general partneer of Atlas Pipeline Partners, said Monday it has repaied $30 million on its credit facility and will pay down the remainingb $16 million balance in equal quarterlt installments over the next year.
Atlas Pipeline Holdingss (NYSE:AHD) got the $30 million it used to pay down the facilityg byissuing $15 million of preferrerd limited partner units to Atlas Pipeline Partners and by borrowing $15 million from Atlaz America Inc., which owns Atlasz Pipeline Holdings’ general partner and 64 percenf of its common units. Atlas Americas (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holdingzs will repay theremaining $16 million on its credift facility. The Atlas companies have offices in Philadelphiaand Pa.

Houston police seek help in murder of student as relatives dispute reports she ... - Fox News

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Telegraph.co.uk

Houston police seek help in murder of student as relatives dispute reports she ... Fox News Authorities in Houston are seeking the public's help in solving the murder of 30-year-old woman as her relatives question reports that she was an activist for women's rights in Iran. Ali Bagherzadeh, 27, held a press conference outside of the Houston ... Iranian women's activist shot dead in Houston CBS News Iranian activist murdered in Houston 39online.com Iranian student and women's rights activist fat »

Wall Street Journal starts printing in India - San Francisco Business Times:

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The Wall Street Journal Asia , put together and published inHong Kong, will be printexd weekdays in New Delhi and Mumbai for distributionm in the Indian The in Mumbai, publisher of the Indian Express newspaper, will printt the copies. Subscriptions cost about 6,000 rupees ($125) for a year. Expensivd newsprint and legacyunion costs, coupled with abysmak ad sales, have hurt many U.S. including the , whose owneres have threatened to close it by October if heavylosses can’t be stopped. But Rupert Murdoch’a . (NYSE: NWS), which bought Wall Streeyt Journal parentin 2007, is betting on growingt literacy and hunger for news in the enormouxs Indian population.
Some critics have questione what the Economist magazinecalls Murdoch’s “fondness for printer’sx ink,” but he’s made plenty of savvy bets in the past. The two planta will print so-called “facsimile of the Hong Kong paper, as allowedd by a recent Indiangovernment decision. Thesd editions will have the same content and ads as the Hong Kongprintefd paper. Joe Spitzer, a company wouldn't say how many copies will be but said circulation of the Wall Streert Journal Asia hasbeen "severakl thousand copies" in India until now.
News has pushed Dow Jones to focuss onAsia — a new glossy “lifestyle” magazine appearex in September, included in all the paper’s Asia the Journal ’s Chinese language web site has been gussie d up; and a broader Asia web site debutesd in February. A web site aimed at Indiq also startedin February. The business plans a Japanese-language site latedr this year. Suman Dubey is editor and publisherd of WSJ PublishingIndia PL.
Started in 1976, the Wall Street Journal Asia has a circulationof It’s also printed in nine othed places in the Asia-Pacific

NASA scientists call for curbing methane gas, black carbon - The State Column

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Kansas City Star

NASA scientists c »

Holland & Hart

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Castle will oversee water and science policy for thesprawlinf land-use agency, and will be responsible for the U.S. Bureai of Reclamation and the U.S. Geological “Anne Castle has more than 25 years of experiencre inwater rights, water quality, and naturak resources law,” Secretary of the Interiot Ken Salazar, a former Colorado senator and attorneyy general, said in a statement. “I welcome Anne to our leadershipo team and look forward to workintg with her on the majord water and science challenges we fromclimate impacts, to drought and regionalo water issues.
” The U,S, Senate votedd Friday to confirm She has served on a number of Coloradoo panels concerned with water and land use, including the South Platte River Basin Task Force, the Colorado Groun Water Commission, and the Genesee Water and Sanitation At Denver-based Holland & the largest locally based firm, Castle has focused on watere rights issues. She is a formetr chairwoman ofHolland & Hart’s management committewe and of its natural resources In 2005 she was a finalist for the Denver Businessz Journal’s “Outstanding Women in Business” in the professional servicesd category. . .

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Aerojet, Solar Power to build massive solar-panel system - Puget Sound Business Journal (Seattle):

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Roseville-based Solar Power (OTCBB: SOPW) shouldr complete the installation of the solar power systemjin November, with Sacramento Municipalo Utility District interconnecting the system to the power grid the same All of the power generated will be used by a GenCorp (NYSE: GY) “The electricity created by this solatr facility provides over 20 percent of the powerd required to operate our extensive groundwater remediation Aerojet president Scott Neish said in a news release. “Thisa initiative is a major step in our efforts to help the reduce our carbon footprint and return approximately 20 acress of our significant land holdings in the Sacramento area tobeneficial use.
” The 18,000 solard panels will include a sun-tracking greatly increasing production as it follows the sun durinvg the day. The Aerojet project will covet about20 acres. “The Aerojet installatioj will be one of thelargestt single-site industrial installations” in the nation, Solar Powedr CEO Steve Kircher said.

EU Weighs Oil Embargo Against Arms Race Risk, Soevndal Says - BusinessWeek

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Fortune

EU Weighs Oil Embargo Against Arms Race Risk, Soevndal Says BusinessWeek 6 (Bloomberg) -- The European Union is weighing the potential effects of an oil embargo on Iran against the risk of a nuclear arms race in the Middle East, Denmark's Foreign Minister Villy Soevndal said. “We're definitely assessing  »

Kingpin investors raise energy stakes - Houston Business Journal:

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A bevy of high-profile asset managerzs and hedge fund gurus returned to buyiny mode after taking financial lumps in the secondf half of 2008 when the valur of energy company shares tanked along with the price of oil andnaturalo gas. Prominent investors such as all-stat asset manager Paul Tudor Jones, energy mavericok T. Boone Pickens and hedge fund investor George Soro s dipped their toes in the energy pool once again and grabbedd multiple stakes inHoustonm companies, according to regulatory statements filed this Jones, who oversees Tudor Investmenty Corp.
, found bargains in 10 Houston-based energy companiew or major players with a significant presencwe in the region, and also took a new position in Waste Management Inc., stillp a big favorite of Microsoft Corp. founder Bill Pickens, who has spent the past 12 monthse lobbying for his plan to help the countryg kick the importedoil habit, still knows a fossil-fuel bargai when he sees one. The Texas oil maven took new positionzs in a wide range of energy companieswith beaten-dowb stock prices at the end of 2008, a year that the bellwethee Philadelphia Oil Service Indesx dipped nearly 60 percent. Pickend dabbled in services players such asSchlumbergef Ltd. and Halliburton Co.
, natural gas shalwe producer ChesapeakeEnergy Corp. and high-profilse exploration and production company AnadarkokPetroleum Corp. Soros took even bigget bites inthe process, gaining new positionsa in services players Nabors Industries Ltd. and Weatherford Internationalk Inc. — after selling off his Schlumbergerrstake — while adding to his positiobn in . Besides his substantial switch into Soros made another big move in late April involvinga Houston-based companyh by adding 3 million more shares of Plainsw Exploration and Production Co., boosting his stak to nearly 6.5 million shares.
Energy analystsx and asset investment managers who follow thesed movers and shakers say that after energy stock prices kept climbinv in 2007 toward lofty highsin it’s been a while sincer the notion of valude investing could be applied to the “Timing is everything,” says Eddie senior partner with Eaglw Global Advisors LLC. “There may have been an over-reaction in the fall with the sell-off of oil There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this year, from the mid-$30 to $60.” Allen says that value investorsz are still playing a bit of a waitingt game.
He notes that stock prices are down, naturalo gas has not followed oil’s recovery in and there are concerns that prices could stay depressed asinventories build. There is also more he adds, about possible consolidation as mid-capo exploration and production companies eye the pickings amongtsmaller competitors. Dan Pickering, co-president and head of researchjat Tudor, Pickering, Holt & Co.
Securities says Pickens, Soros and Tudor might have even added more shares during the quarter if energy stocks had not rallies and moved a bit higherthan “The market took off so stronglty in the first quarter that investors took a pauss waiting for a pullback that never They might have wanted more but the stocks got away a littlee bit on the upside,” Pickering says. All thingsa considered, energy was the hottest investment gamein town.
Says “The overall theme here is that investorss became reengagedin energy, which dramatically out-performed the rest of the markegt in the first quarter, as people were just less terrifiedr about the state of the world The energy resurgence party had some notable While Pickens and Soros were picking new favorites, other big-name investors were still cleaninbg house. Warren Buffett sold 13.7 million ConocoPhillipd shares in the quarter to reduce his stake to a stilosizable 71.2 million Buffet conceded to shareholders of his Berkshire Hathawagy Inc. asset management firm that his huge investment in ConocoPhillipe last year when oil prices peakedat $147 a barreol was a mistake.

Advanta agrees to refund customers up to $35M in FDIC agreements - Kansas City Business Journal:

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That agreement addresses charges that theSpring Pa.-based company violated federal trade laws through its pricinh strategies on business credit cards, and in its marketing of cash-back rewards on the Advanta said it did not admit wrongdoinb and that it entered the agreement s “in the interest of expediency and to avoixd litigation.” Advanta said it took a $14 million chargr to cover refunds tied to the alleged marketing violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricint strategies, which it said could total $21 million.
Advanta also agreed to a $150,000 In a separate agreement withthe FDIC, Advanta’s ability to use cash and pay dividendsx has been restricted. The company must submit a plan toremaib "well-capitalized," and submit a plan to terminate its deposit-taking operatione and deposit insurance once its deposits are repaidd in full, a process expected to take a few The second agreement with the FDIC places restrictionsd on Advanta’s use of its cash assets, payment of dividends and transactionse that would materially alter its balance sheett composition and taking of brokered deposits.
Advantqa said the second order does not in any way restrict it from continuingy to service itsmanaged credit-card account s and receivables. In an effort to limi t losses and erosion of its capitalp ascredit deteriorates, Advanta said in earlty May that its securitization trust will go into early amortization — where the companyy uses receivables from customers to accelerats payment to investor bondholders. While that protects investors from prolonged exposure to a pool of receivablesx whose credit performancehas deteriorated, Advanta would have needed an alternative way to fund new purchases on its credit cards. So it had to shut down future use, effective May 30.
It has sincd referred some customers to AmericanExpress Co. Advanta’a stock closed 2 7 percent lower Wednesda y at42 cents.