haygoodfoafyga1359.blogspot.com
million in federal grants to improvwe access to transportation forthe poor. The Florida Department of Transportatiohn recommended JTA administerthe programs. The JTA will use about $800,009 from one grant and abou $500,000 from another. The money will fund projectsw selected by the Northeast FloridawMobility Coalition, which is made up of agencies supportinyg the poor and disabled, transportation representatives and countg officials from Duval, Clay, St. Nassau, Putnam and Baker counties.
Aftedr the projects are selected JTA will distributed and monitor the fundws and offer technical assistanceas "This is the most significangt designation for JTA, from a regional transportation perspective, in the 37 years we've been providinf transit services," said Ken Holton, the grants manager for the JTA. "As the administrator of these JTA can now truly reach out and work with the surroundinh counties on regionaltransportation services." The applicatiojn process for the funds begins in Marc h and the money will be available for distributionb beginning Oct. 1.
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Patriots reach halfway point of season in first place - Boston.com
disqualify-sida.blogspot.com
Boston Globe | Patriots reach halfway point of season in first place Boston.com Interactive: Patriots report card · Patriots reach halfway point of season in first place · Patriots beat the storm, get home safely. Eight weeks in, it's been a season full of suspense (one overtime game, three others decided in the final minute ... < p size="-1">Pats are halfway home ... sort of New England Patriots midseason report card NFL@Wembley: Brady's Patriots Force The Rams Into Retreat |
Monday, October 29, 2012
Caraustar closes Charlotte paperboard mill - Atlanta Business Chronicle:
ovaluleq.wordpress.com
and cut 111 The plant made uncoated recycled boxboard with an annual capacity ofabout 62,000 "In December, we announced that we were idlint the Carolina Paperboard mill and woulr monitor demand in order to determine whether it was feasibles to resume production at the facility,” said Greg Bartlett, vice presidentt of sales for Caraustar’s Mill Group, in a statement. “In this increasingluy challengingeconomic environment, it is not economically prudentg to resume paperboard production or to continuer to keep the paper machinde idle." Austell, Ga.-based Caraustar (NASDAQ: CSAR) will take a pre-tad charge of $9.
7 million related to the but it expects the closure will lead to $11.4 millionh in annual pre-tax savings. Caraustar , hurt by weaker demand and impairmengt costs. The recycled paperboard and packaging companyy had a net lossof $98.7 million. Annual sales dippedr 4 percentto $819.y7 million.
and cut 111 The plant made uncoated recycled boxboard with an annual capacity ofabout 62,000 "In December, we announced that we were idlint the Carolina Paperboard mill and woulr monitor demand in order to determine whether it was feasibles to resume production at the facility,” said Greg Bartlett, vice presidentt of sales for Caraustar’s Mill Group, in a statement. “In this increasingluy challengingeconomic environment, it is not economically prudentg to resume paperboard production or to continuer to keep the paper machinde idle." Austell, Ga.-based Caraustar (NASDAQ: CSAR) will take a pre-tad charge of $9.
7 million related to the but it expects the closure will lead to $11.4 millionh in annual pre-tax savings. Caraustar , hurt by weaker demand and impairmengt costs. The recycled paperboard and packaging companyy had a net lossof $98.7 million. Annual sales dippedr 4 percentto $819.y7 million.
Saturday, October 27, 2012
Federation of University Teachers' Associations against November 30 deadline ... - Times of India
coras-newport.blogspot.com
Federation of University Teachers' Associations against November 30 deadline ... Times of India PATNA: Taking strong exception to the state government's directive to the universities to finalize their budget proposals for the next financial year (2013-14) latest by November 30 on the basis of rationalization of posts done recently, the Federation ... |
Friday, October 26, 2012
EchoStar Corporation Company Profile | SATS Company Information
jaqezuweg.blogspot.com
provides equipment sales, digital broadcast operations, and satellite servicez that enhance today's digital TV lifestyle, including productes from Sling Media, Inc., a whollyh owned subsidiary. Headquartered in Englewood, EchoStar has 25 years of experience designing, developing and distributing advanced award-winning television set-top boxes and relatedf products for pay television providers and is creating hardwars and service solutionsfor cable, telco, IPTV and satellite TV companiesw worldwide. The company includes a network of10 full-service digitalo broadcast centers and leased fiberr optic capacity with points of presence in approximately 160 U.S.
EchoStar also delivers satellite services through eight owned andleased in-orbit satellites and related FCC EchoStar also has operations in Fostet City, California; Atlanta, Georgia; Steeton, UK; Almelo, Holland; Spain; and Kharkov, Ukraine.
provides equipment sales, digital broadcast operations, and satellite servicez that enhance today's digital TV lifestyle, including productes from Sling Media, Inc., a whollyh owned subsidiary. Headquartered in Englewood, EchoStar has 25 years of experience designing, developing and distributing advanced award-winning television set-top boxes and relatedf products for pay television providers and is creating hardwars and service solutionsfor cable, telco, IPTV and satellite TV companiesw worldwide. The company includes a network of10 full-service digitalo broadcast centers and leased fiberr optic capacity with points of presence in approximately 160 U.S.
EchoStar also delivers satellite services through eight owned andleased in-orbit satellites and related FCC EchoStar also has operations in Fostet City, California; Atlanta, Georgia; Steeton, UK; Almelo, Holland; Spain; and Kharkov, Ukraine.
Wednesday, October 24, 2012
Johnson County gets $1M EPA grant to cut diesel emissions - Kansas City Business Journal:
vuwodu.wordpress.com
The money is providerd through the American Reinvestment andRecovery Act. The EPA said in a releasew Wednesday that its National Clean Diesel Fundin Assistance Program willspend $156 million to financre competitive grants across the country. EPA’ s Region 7 — which include Kansas, Missouri, Nebraska and Iowa — receivexd 34 grant applicationsrequesting $92.12 million to help finance clean diesel emissions With its grant, Johnson County and 11 public and privater partners will conduct a countywide project to replacwe or upgrade 176 pieces of diesel-poweree equipment. A variety of emission-reduction technologies will be adderd tothe partners’ fleets.
With its the KDHE will conduct a statewide project to replace or upgradedieselo engines. The project will include retrofitting some vehicles with dieseloxidatio catalysts, the EPA said in the release. “These Cleam Diesel grants provide an excellent opportunit to upgrade diesel fleets while improving localkair quality,” William Rice, acting EPA regional administrator, said in a release. “They also alloqw local businessesneeded work, thus increasing regional economif stability.
”
The money is providerd through the American Reinvestment andRecovery Act. The EPA said in a releasew Wednesday that its National Clean Diesel Fundin Assistance Program willspend $156 million to financre competitive grants across the country. EPA’ s Region 7 — which include Kansas, Missouri, Nebraska and Iowa — receivexd 34 grant applicationsrequesting $92.12 million to help finance clean diesel emissions With its grant, Johnson County and 11 public and privater partners will conduct a countywide project to replacwe or upgrade 176 pieces of diesel-poweree equipment. A variety of emission-reduction technologies will be adderd tothe partners’ fleets.
With its the KDHE will conduct a statewide project to replace or upgradedieselo engines. The project will include retrofitting some vehicles with dieseloxidatio catalysts, the EPA said in the release. “These Cleam Diesel grants provide an excellent opportunit to upgrade diesel fleets while improving localkair quality,” William Rice, acting EPA regional administrator, said in a release. “They also alloqw local businessesneeded work, thus increasing regional economif stability.
”
Tuesday, October 23, 2012
Volleyball championship expected to bring $4.2M - Phoenix Business Journal:
ejyceh.wordpress.com
million in direct spending to theloca economy, the announced Wednesday. That’ds another coup for the nonprofif organization as it gets closef to its goal ofattracting $100 millioh to the local economy through sporting events by May 2010. The eventt will run May 29 to June 5 at PhoenizConvention Center. The Annual Meetings also will take place in Phoeni x in the days precedinghthe tournament. “The Greatefr Phoenix CVB, the Phoenix Convention Center and our area hotelws worked well as a team in puttinf thisbid together,” said Commission Presideny Jon Schmieder.
Greater Phoenix Convention & Visitors Bureahu CEO Steve Moore said the eventr will bring morethan 6,000 peoplr downtown, with more than 12,00o0 hotel rooms occupied. Summer business downtown is huge for allof us, so this one is a big hit, especiallg in that it’s less than a year away and we had the spacee open at the said Schmieder. Prior USA Volleybalpl events in Phoenix included the 2001 and 2003 USA JuniorOlympic Boys’ Volleyball Championships and the 2003 USA Volleyball Invitational Championship. USA Volleyball also hosted the 1994 NationaloCollegiate Men’s Division Club Championships in Tempe.
Last PRSC set a goal of securing events that would pump atleast $100 milliob into the economy by May 2010. So far, it has securerd more than $47 million.
million in direct spending to theloca economy, the announced Wednesday. That’ds another coup for the nonprofif organization as it gets closef to its goal ofattracting $100 millioh to the local economy through sporting events by May 2010. The eventt will run May 29 to June 5 at PhoenizConvention Center. The Annual Meetings also will take place in Phoeni x in the days precedinghthe tournament. “The Greatefr Phoenix CVB, the Phoenix Convention Center and our area hotelws worked well as a team in puttinf thisbid together,” said Commission Presideny Jon Schmieder.
Greater Phoenix Convention & Visitors Bureahu CEO Steve Moore said the eventr will bring morethan 6,000 peoplr downtown, with more than 12,00o0 hotel rooms occupied. Summer business downtown is huge for allof us, so this one is a big hit, especiallg in that it’s less than a year away and we had the spacee open at the said Schmieder. Prior USA Volleybalpl events in Phoenix included the 2001 and 2003 USA JuniorOlympic Boys’ Volleyball Championships and the 2003 USA Volleyball Invitational Championship. USA Volleyball also hosted the 1994 NationaloCollegiate Men’s Division Club Championships in Tempe.
Last PRSC set a goal of securing events that would pump atleast $100 milliob into the economy by May 2010. So far, it has securerd more than $47 million.
Monday, October 22, 2012
Unfinished business '07 - Washington Business Journal:
acklinegymejac1362.blogspot.com
After a series of layoffs sincre it was bought by in AOL announced in the clincher inSeptemberd -- it would move its headquarters from Dullesz to New York. The Big Apple is wher its parent TimeWarner reigns, and it'se the epicenter of the advertisinv world. At the time, the company insisted the only change forthe 4,000 employees on the Dulles campuz would be the senior management team trekkiny north in the spring. But a monthn later, the media giangt said it wouldcut 2,000 employees, includinb 750 employees in Northernh Virginia by the end of the year, as part of its shiftinvg strategy.
The proof was in the AOL continued to lose subscribers througy the year and its revenue continuesto plummet, a trend that upsef Time Warner investors looking for All of the free CDs AOL sent to homes over the years to get them to sign on didn'tt pay off: AOL was forced to alter its focus to generate money through advertising. The strategy was also reflected through the four advertisingv companies AOL boughtin 2007: Quigo, Third Screen and Tacoda. AOL first set up its regional operationz with an office in Tysons Corner 20 yearws ago and expanded to the sprawling Dullesa campusin 1996.
AOL was bought by Time Warner inJanuary 2001, which left AOL with sweeping layoffxs and the campus with less Dimensions Healthcare System found itself in the same financial straits as it was at the dawn of with little cash to spare and its hat extendee to state legislators in the hopes of some budgetary generosity. The Prince George's Countyu hospital chain must repeat its steps nearlt a year after apotentialo state-county $329 million fundingf plan dissolved in wee-hour divisiveness on Aprilo 9, the final day of the Marylans General Assembly session.
After debates and appeals lastinvg into the early morning ofApril 10, the Princ e George's County Council gave an ironcladr thumbs down to the seven-year plan because it felt the county shouldered more of the financial burdenm with less long-term The county, as a result, took on total financial burden alone, through June 2008 at least. But even that plan hit delay s as the county called for a Dimensionsaboard shakeup, the system retaliatec with a $14 million lawsuit and the countyu retaliated with various appeals.
The system's annual fall electionsa ultimately forced the management change that county leaders long One droppedlawsuit later, the county began routing money once againh in November to the troubled system, as state legislatorsz once again hunkered down to arrive at a long-termj funding plan. The approacjh Mayor Adrian Fenty has takehn to deals he inherited from the previouw administration andits semi-private development corporations, the NCRC and AWC, is Get 'em done. Except for Poplafr Point, that is.
While Fenty put his back into deals-in-progress for a new conventioj center hotel, the Southwest Waterfront and the return of Radik One tothe city, he did the oppositd with Poplar Point, opting to end negotiations with , ownerz of soccer franchise , and open the projecg to bidding. That may well result in a better deal for thecity -- it has bids from four developmenyt teams to consider -- but therew could be collateral damage. Shots from Marioh Barry, D-Ward 8, angry that economic development seems to be movingy forward everywhere except east of the Anacostia hashurt Fenty's image there.
And MacFarlane, if it can'tg reach a deal to build on Poplar, has threatened to move to Stay tuned. used to be one of the fastest-growingy companies in Washington, and now it's quicklg fading. The Lanham-based broadcast company that focuseson African-Americamn and urban listeners exited several marketse in 2007, including Florida, Georgiaz and Minnesota. In August, Chief Financial Officer Scott Royste announced he would stepdown Dec. 31 after 11 years with the compangy to pursue othercareer opportunities. The company has not announces a replacement.
Citing what it called a "challengin g radio industry environment," Radio One struggled to generatw revenue as its profits Inits third-quarter earnings, Radio One reportesd net income of $4.8 million, down 40 percenty from $8 million in the same quarter a year ago. Revenue for that quarter was $90.4 million, down 1.7 perceny from a year ago. In October, Radio One agreedc to sell its Miami radio station tofor $12.25 million and its five Georgisa radio stations to in Augusft for $3.1 million. The company also sold its Minneapolisstation KTTB-FjM to Northern Lights Broadcasting for $28 million and 10 stationse in Dayton, Ohio, and Louisville, Ky.
, to for $76 In a twist and despite its unpromising Radio One agreed to acquire WPRS-FM in Washington from in Apri for $38 million. The deal is expected to clos e in the firstquarter 2008. In April, a group of investors agreed to buy studenttlender $25 billion. Analystsx hailed the deal as a win bothfor Reston-basedc Sallie Mae and the buyout led by private equity firms by LLC and , along with financial services giants and But that seemingly rosy courtship nevef panned out. Two things in particulafr caused the Sallie Mae buyoutfto wither: a credir crunch that brought debt markets to a halt over the and new federal legislation that cuts subsidies to studeng lenders such as Sallie Mae.
These two factor s caused the buyout group to rethink its proposal for the companuy formally known asIn October, the buyout group sent a revised offer to Sallie Mae's board, an offer that some analystxs who cover Sallie Mae say amounted to an insult. Sallie Mae wouldn't accept the new offer, insistingb that the original deal go Whenthat didn't happen, Sallie Mae filedc a lawsuit against the buyout claiming that a material adverse effect had not and that the Reston company coulc terminate the transaction and collect damages of $900 A trial is set for July 2008.
In December, Sallie Mae said that it had held discussionws with representatives of the buyout group to resolved the dispute betweenthe parties. Sallie Mae said that the buyoutr group has indicated that it is unwillinv to pursue submitting a new proposakl to buy thestudent lender. Sallie Mae said that its boardx remains committed to protecting the rights of its shareholders and will pursur allavailable recourse, includingh the company's existing lawsuit against the buyout group. Sallie Mae said that it has indications of interest from 10 financial institutions for new securer funding in excessof $30 billion. It's not until ...
$4 billion Metroraip expansion was "It's not over until it's Well, it's over. But it'd still not a done deal. Backerss of the Metrorail project are still waiting for approva from the Federal Transit Administratiomfor $900 million in funds that will help pay for the In August, federal officials said cost overruna and delays were starting to hurt the project's and they ordered at least $250 million in Virginia officials responded by identifying $306 millioh in potential reductions to the Metrorail plan, and federal transit representatives spent the lattetr part of 2007 reviewing the plans. If the FTA signs off on the ground could be broken inspring 2008.
The project was originallyh scheduled to have the first phaser through Tysons finishedin 2012. But that work probablt won't wrap up until March 2014, accordint to new estimates. Out of tune? Much-touted XM, Siriu s merger still under review One of themost talked-about potential dealw of 2007 was the proposed mergetr of the nation's two satellite radi o companies, D.C.-based and New York-basedd Technically, Sirius would acquire XM, though the companiese all year long termed the transaction a mergerd of equals. The companies were hoping to seal their dealby year'sw end, assuming approval from the Department of Justicer and the Federal Communications Commission.
The and some other groups vehementlyg opposedthe transaction, saying it wouldc lead to a monopoly in the satellite radilo industry. XM and Sirius were granted satellite radio licensesw in 1997 fromthe FCC, on the condition that they didn'tr combine operations. But the communicationds sector has drastically changed in the past and officials with XM and Sirius argue ther is so much competitionout there, from iPodse to Internet radio, that a merger of the two companies would not resultf in a monopoly. Both XM and Siriuds continued to burn through money as they marketes their services to winnew subscribers.
Officials at the two companiess said a combined firm wouldd be able to offer betterr prices and more choicesfor consumers. Analysts said throughout the year that the deal face anuphill battle. Many industry observer s give the proposed transactiomn a 50percent shot, at best, of gettingy the green light from federal regulators. D.C. officialds are keeping a watchful eye on the because the combined company would likely put its headquarteras inNew York, analysts say. XM officials said that no mattet where the corporate officeends up, XM will maintain a largse presence in Washington.
The localo spate of biotech buyouts in 2007 may represent an industr y pinnacle of successfulexit strategies, but they also robbedx the local region of a half-dozemn homegrown headquarters. Between April and July, six biotechs from acrossa Maryland, Virginia and the District announced their intent to sell for acombineed $18.6 billion to larger companies, five of them basefd overseas. While the largest of them, and , kept a local the six folded into companiess that hail from eitherf the opposite coast or one of fourforeignh countries. Counted among the losses are the region'se biggest biotech, a rare profitable two even rarer Northern Virgini biotechs and perhaps the most a D.C.
-based biotech. D.C.'s Hamilton Pharmaceuticals Inc. shut down afterd it sold in a $4.4 million stock sale to Australia'w Neuren Pharmaceuticals. Another company, , a Reston contract research servicesa company that sold to aSan Francisco-bases investor for $790 million, is in the final throes of shiftingg to North Carolina. Lost the plot? Mayofr Fenty learns an early lessohn D.C. has sold or tradefd lots of land inrecent years, dealing it to developers as an incentivew to build tax-generating offices, residences and retail.
But if Mayoer Adrian Fenty learned anything from his failex plan to sell off an L Street NW plot in the WestEnd it's that the words "public land should not be utterecd in haste. The storm arrived in July via a long line of protesterds after Fenty convinced the City Counciol to give developer Anthonyu Lanier ofEastBanc Inc. a city-owne plot near Foggy Bottom in exchange for a rebuilt fire neighborhood library and some affordable Maybe it was the combination of the land sale with the appearanc e that the city was only interestedd in building new libraries if they coulf make some money doingso -- a problem in otherf parts of town as Or maybe it was Fenty's speer in getting the deal In any case, once the charges of a fire sale of publifc assets came to the Wilson Building, members of the City Councilk (except for Phil Mendelson, D-at large, who voted "no" in the first place) couldn't backtrack quickly The West End deal and with it went the easy days of sell ingv public land.
Goodbye Eli we hardly knew ya Eleven days into the suddenly announced it was pulling out ofits $325 million insulin production facility at Prince Williak County. The Indianapolis-based pharmaceuticall company said it was part of a shift in its strategy towardbiotech products, and the fact that it coulrd boost insulin-production capacity at existing plants to meet demand. The drugmakedr returned the $4 million in subsidies it had receivee from the countyand state, but that provided little succor to Prince William County.
The arrivaol of Eli Lilly was a feather inthe county's cap and represented a turning of the tide in its efforts to create a technology and life-sciencesw corridor within its boundaries. The county's economicc development agency had spent years wooing Eli Lill and pulled a majoer coup when in 2002 it was pickesd as the site fora 300,000-square-foot facilitu among dozens of competing sitees across the nation. Even back in the drugmaker had cut back the scale of the project froma $425 600,000-square-foot facility with 700 employees, to nearlgy half the size with only 350 Even that was not to be, and Eli Lillyu now has split the 120-acre site into multiplse parcels.
Some salve came in late when Eli Lilly sold 47 acres of the campudto , a New Jersey drug developmengt services company that said it will invest $175 build a 410,000-square-foot facility and hire anothef 100 employees at that property, bringinv its local head count to 450. Providedf Covance follows through on its that makes it just another 70-some acres to go.
After a series of layoffs sincre it was bought by in AOL announced in the clincher inSeptemberd -- it would move its headquarters from Dullesz to New York. The Big Apple is wher its parent TimeWarner reigns, and it'se the epicenter of the advertisinv world. At the time, the company insisted the only change forthe 4,000 employees on the Dulles campuz would be the senior management team trekkiny north in the spring. But a monthn later, the media giangt said it wouldcut 2,000 employees, includinb 750 employees in Northernh Virginia by the end of the year, as part of its shiftinvg strategy.
The proof was in the AOL continued to lose subscribers througy the year and its revenue continuesto plummet, a trend that upsef Time Warner investors looking for All of the free CDs AOL sent to homes over the years to get them to sign on didn'tt pay off: AOL was forced to alter its focus to generate money through advertising. The strategy was also reflected through the four advertisingv companies AOL boughtin 2007: Quigo, Third Screen and Tacoda. AOL first set up its regional operationz with an office in Tysons Corner 20 yearws ago and expanded to the sprawling Dullesa campusin 1996.
AOL was bought by Time Warner inJanuary 2001, which left AOL with sweeping layoffxs and the campus with less Dimensions Healthcare System found itself in the same financial straits as it was at the dawn of with little cash to spare and its hat extendee to state legislators in the hopes of some budgetary generosity. The Prince George's Countyu hospital chain must repeat its steps nearlt a year after apotentialo state-county $329 million fundingf plan dissolved in wee-hour divisiveness on Aprilo 9, the final day of the Marylans General Assembly session.
After debates and appeals lastinvg into the early morning ofApril 10, the Princ e George's County Council gave an ironcladr thumbs down to the seven-year plan because it felt the county shouldered more of the financial burdenm with less long-term The county, as a result, took on total financial burden alone, through June 2008 at least. But even that plan hit delay s as the county called for a Dimensionsaboard shakeup, the system retaliatec with a $14 million lawsuit and the countyu retaliated with various appeals.
The system's annual fall electionsa ultimately forced the management change that county leaders long One droppedlawsuit later, the county began routing money once againh in November to the troubled system, as state legislatorsz once again hunkered down to arrive at a long-termj funding plan. The approacjh Mayor Adrian Fenty has takehn to deals he inherited from the previouw administration andits semi-private development corporations, the NCRC and AWC, is Get 'em done. Except for Poplafr Point, that is.
While Fenty put his back into deals-in-progress for a new conventioj center hotel, the Southwest Waterfront and the return of Radik One tothe city, he did the oppositd with Poplar Point, opting to end negotiations with , ownerz of soccer franchise , and open the projecg to bidding. That may well result in a better deal for thecity -- it has bids from four developmenyt teams to consider -- but therew could be collateral damage. Shots from Marioh Barry, D-Ward 8, angry that economic development seems to be movingy forward everywhere except east of the Anacostia hashurt Fenty's image there.
And MacFarlane, if it can'tg reach a deal to build on Poplar, has threatened to move to Stay tuned. used to be one of the fastest-growingy companies in Washington, and now it's quicklg fading. The Lanham-based broadcast company that focuseson African-Americamn and urban listeners exited several marketse in 2007, including Florida, Georgiaz and Minnesota. In August, Chief Financial Officer Scott Royste announced he would stepdown Dec. 31 after 11 years with the compangy to pursue othercareer opportunities. The company has not announces a replacement.
Citing what it called a "challengin g radio industry environment," Radio One struggled to generatw revenue as its profits Inits third-quarter earnings, Radio One reportesd net income of $4.8 million, down 40 percenty from $8 million in the same quarter a year ago. Revenue for that quarter was $90.4 million, down 1.7 perceny from a year ago. In October, Radio One agreedc to sell its Miami radio station tofor $12.25 million and its five Georgisa radio stations to in Augusft for $3.1 million. The company also sold its Minneapolisstation KTTB-FjM to Northern Lights Broadcasting for $28 million and 10 stationse in Dayton, Ohio, and Louisville, Ky.
, to for $76 In a twist and despite its unpromising Radio One agreed to acquire WPRS-FM in Washington from in Apri for $38 million. The deal is expected to clos e in the firstquarter 2008. In April, a group of investors agreed to buy studenttlender $25 billion. Analystsx hailed the deal as a win bothfor Reston-basedc Sallie Mae and the buyout led by private equity firms by LLC and , along with financial services giants and But that seemingly rosy courtship nevef panned out. Two things in particulafr caused the Sallie Mae buyoutfto wither: a credir crunch that brought debt markets to a halt over the and new federal legislation that cuts subsidies to studeng lenders such as Sallie Mae.
These two factor s caused the buyout group to rethink its proposal for the companuy formally known asIn October, the buyout group sent a revised offer to Sallie Mae's board, an offer that some analystxs who cover Sallie Mae say amounted to an insult. Sallie Mae wouldn't accept the new offer, insistingb that the original deal go Whenthat didn't happen, Sallie Mae filedc a lawsuit against the buyout claiming that a material adverse effect had not and that the Reston company coulc terminate the transaction and collect damages of $900 A trial is set for July 2008.
In December, Sallie Mae said that it had held discussionws with representatives of the buyout group to resolved the dispute betweenthe parties. Sallie Mae said that the buyoutr group has indicated that it is unwillinv to pursue submitting a new proposakl to buy thestudent lender. Sallie Mae said that its boardx remains committed to protecting the rights of its shareholders and will pursur allavailable recourse, includingh the company's existing lawsuit against the buyout group. Sallie Mae said that it has indications of interest from 10 financial institutions for new securer funding in excessof $30 billion. It's not until ...
$4 billion Metroraip expansion was "It's not over until it's Well, it's over. But it'd still not a done deal. Backerss of the Metrorail project are still waiting for approva from the Federal Transit Administratiomfor $900 million in funds that will help pay for the In August, federal officials said cost overruna and delays were starting to hurt the project's and they ordered at least $250 million in Virginia officials responded by identifying $306 millioh in potential reductions to the Metrorail plan, and federal transit representatives spent the lattetr part of 2007 reviewing the plans. If the FTA signs off on the ground could be broken inspring 2008.
The project was originallyh scheduled to have the first phaser through Tysons finishedin 2012. But that work probablt won't wrap up until March 2014, accordint to new estimates. Out of tune? Much-touted XM, Siriu s merger still under review One of themost talked-about potential dealw of 2007 was the proposed mergetr of the nation's two satellite radi o companies, D.C.-based and New York-basedd Technically, Sirius would acquire XM, though the companiese all year long termed the transaction a mergerd of equals. The companies were hoping to seal their dealby year'sw end, assuming approval from the Department of Justicer and the Federal Communications Commission.
The and some other groups vehementlyg opposedthe transaction, saying it wouldc lead to a monopoly in the satellite radilo industry. XM and Sirius were granted satellite radio licensesw in 1997 fromthe FCC, on the condition that they didn'tr combine operations. But the communicationds sector has drastically changed in the past and officials with XM and Sirius argue ther is so much competitionout there, from iPodse to Internet radio, that a merger of the two companies would not resultf in a monopoly. Both XM and Siriuds continued to burn through money as they marketes their services to winnew subscribers.
Officials at the two companiess said a combined firm wouldd be able to offer betterr prices and more choicesfor consumers. Analysts said throughout the year that the deal face anuphill battle. Many industry observer s give the proposed transactiomn a 50percent shot, at best, of gettingy the green light from federal regulators. D.C. officialds are keeping a watchful eye on the because the combined company would likely put its headquarteras inNew York, analysts say. XM officials said that no mattet where the corporate officeends up, XM will maintain a largse presence in Washington.
The localo spate of biotech buyouts in 2007 may represent an industr y pinnacle of successfulexit strategies, but they also robbedx the local region of a half-dozemn homegrown headquarters. Between April and July, six biotechs from acrossa Maryland, Virginia and the District announced their intent to sell for acombineed $18.6 billion to larger companies, five of them basefd overseas. While the largest of them, and , kept a local the six folded into companiess that hail from eitherf the opposite coast or one of fourforeignh countries. Counted among the losses are the region'se biggest biotech, a rare profitable two even rarer Northern Virgini biotechs and perhaps the most a D.C.
-based biotech. D.C.'s Hamilton Pharmaceuticals Inc. shut down afterd it sold in a $4.4 million stock sale to Australia'w Neuren Pharmaceuticals. Another company, , a Reston contract research servicesa company that sold to aSan Francisco-bases investor for $790 million, is in the final throes of shiftingg to North Carolina. Lost the plot? Mayofr Fenty learns an early lessohn D.C. has sold or tradefd lots of land inrecent years, dealing it to developers as an incentivew to build tax-generating offices, residences and retail.
But if Mayoer Adrian Fenty learned anything from his failex plan to sell off an L Street NW plot in the WestEnd it's that the words "public land should not be utterecd in haste. The storm arrived in July via a long line of protesterds after Fenty convinced the City Counciol to give developer Anthonyu Lanier ofEastBanc Inc. a city-owne plot near Foggy Bottom in exchange for a rebuilt fire neighborhood library and some affordable Maybe it was the combination of the land sale with the appearanc e that the city was only interestedd in building new libraries if they coulf make some money doingso -- a problem in otherf parts of town as Or maybe it was Fenty's speer in getting the deal In any case, once the charges of a fire sale of publifc assets came to the Wilson Building, members of the City Councilk (except for Phil Mendelson, D-at large, who voted "no" in the first place) couldn't backtrack quickly The West End deal and with it went the easy days of sell ingv public land.
Goodbye Eli we hardly knew ya Eleven days into the suddenly announced it was pulling out ofits $325 million insulin production facility at Prince Williak County. The Indianapolis-based pharmaceuticall company said it was part of a shift in its strategy towardbiotech products, and the fact that it coulrd boost insulin-production capacity at existing plants to meet demand. The drugmakedr returned the $4 million in subsidies it had receivee from the countyand state, but that provided little succor to Prince William County.
The arrivaol of Eli Lilly was a feather inthe county's cap and represented a turning of the tide in its efforts to create a technology and life-sciencesw corridor within its boundaries. The county's economicc development agency had spent years wooing Eli Lill and pulled a majoer coup when in 2002 it was pickesd as the site fora 300,000-square-foot facilitu among dozens of competing sitees across the nation. Even back in the drugmaker had cut back the scale of the project froma $425 600,000-square-foot facility with 700 employees, to nearlgy half the size with only 350 Even that was not to be, and Eli Lillyu now has split the 120-acre site into multiplse parcels.
Some salve came in late when Eli Lilly sold 47 acres of the campudto , a New Jersey drug developmengt services company that said it will invest $175 build a 410,000-square-foot facility and hire anothef 100 employees at that property, bringinv its local head count to 450. Providedf Covance follows through on its that makes it just another 70-some acres to go.
Saturday, October 20, 2012
NHL commissioner: Coyotes move could damage Westgate, arena construction - Triangle Business Journal:
humojo.wordpress.com
He also said it coulf have a chilling impact on other cities considering helping teams buildnew arenas. The Coyotes have 41 regula season home gameseach year. Bettman and the NHL oppose theproposed $213 million sale of the team to Canadiamn businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the A June 9 hearing is set in U.S. Bankruptcg Court to decide whether Coyotes ownere Jerry Moyes can sell to Balsillire or if it must be sold to a buyetr who would keep the NHL franchis ein Arizona.
The Coyotes are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 millionh will be the best deal and the court’x main charge is to get the most money to pay off debt and positiob the team to be financially viablwe going forward. The Coyotexs have lost $316 million since movinhg to the Phoenix market from Winnipegin 1996, accordiny to court filings. Balsillie says NHL hockey is not financiallg viable in the Phoenixsports market, but the leagud points to four potential bidders for the Coyotes that woulr keep the team in Jobing.
Com Arena was built by the city of Glendale, whicjh says it will pursue a $500 million to $750 million claim if the Coyotesa break their 30-year lease. Balsillie’sx court filing contends the bankruptcy court has the leeway to dischargse sucha claim. The National Footbalp League, National Basketball Association and Major Leagure Baseball backthe NHL’s bid to keep the Coyoted in Arizona fearing the move couldr set a precedent.
He also said it coulf have a chilling impact on other cities considering helping teams buildnew arenas. The Coyotes have 41 regula season home gameseach year. Bettman and the NHL oppose theproposed $213 million sale of the team to Canadiamn businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the A June 9 hearing is set in U.S. Bankruptcg Court to decide whether Coyotes ownere Jerry Moyes can sell to Balsillire or if it must be sold to a buyetr who would keep the NHL franchis ein Arizona.
The Coyotes are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 millionh will be the best deal and the court’x main charge is to get the most money to pay off debt and positiob the team to be financially viablwe going forward. The Coyotexs have lost $316 million since movinhg to the Phoenix market from Winnipegin 1996, accordiny to court filings. Balsillie says NHL hockey is not financiallg viable in the Phoenixsports market, but the leagud points to four potential bidders for the Coyotes that woulr keep the team in Jobing.
Com Arena was built by the city of Glendale, whicjh says it will pursue a $500 million to $750 million claim if the Coyotesa break their 30-year lease. Balsillie’sx court filing contends the bankruptcy court has the leeway to dischargse sucha claim. The National Footbalp League, National Basketball Association and Major Leagure Baseball backthe NHL’s bid to keep the Coyoted in Arizona fearing the move couldr set a precedent.
Friday, October 19, 2012
Health systems
vuwodu.wordpress.com
The fund at lost $400 million durinf that same period. Retirement fund assets at the , which operatea the in Sacramento, tumbled $6.1 billiom by the end of before themarket woes. also took a hit but won’t release figures until March. As theitr pension funds plunge, hospital systems may be forcerd to delay expansion plans to come upwith much-needed cash to bolstedr the funds. If they continue to drop, companiesx could be forced to shelve projects altogether and ultimately decrease the size and scop of theirpension plans. “It’sz the same pain as everyonde else in thiswhole country,” said Scott Seamons, regiona vice president for the .
An emergencuy relief measure signed by formet PresidentGeorge W. Bush in Decemberr eases some of the time linex for fundingpension plans. But eventually, required cash contributions to underfundefd pension plans could strain hospital and healtbh system budgets already stretched by poor reimbursemeng andrising costs. Sutter transferred $505 millionh from other sources to coved the losses last year and now facesz hard decisions about how to backfil lthe cash.
Others are watching the stock market and thei rbalance sheets, trying to decide how to make it up over Health care remains one of the brighty spots in the nation’s sour economy — still addinh jobs while other industries slash payrolls but the industry relies on investmentxs to maintain and increase pension fundes like other employers. “It’s a shel l game for any business that values employeesd and wants tokeep them,” Seamonsa said. “We have to shift fund s to cover thelosses — and the domino effectg goes to the projectxs we can stop or delay.
Every hospitak and every health system is looking at unique and responsiblew ways to make sound fiscal and operating decisiona to coversignificant losses.” Health care hasn’t been immunee to pension problems. Less than 1 percen t of the $35 billion paid from 1975 through 2007 by the federakl agency that protects pension benefit s stemmed from the healthcare industry, accordingg to figures from the But the scope for potentialk problems could increase greatly. Pension fund financing is complicated, and therr are myriad ways to report the but there’s no question they are down significantly for hospitals and healtg systems in California and nationwide (see char t at right).
Investment markets started to slide in but they fell off the cliff in the seconrd half oflast year. Sutter Health — the region’s second-largest private-sector employer, behinxd Kaiser Permanente — transferred more than a half-billioh dollars to its pension fund in two stagexs to coverthe losses. A $245 million investmengt in September wasnot enough. By late October, additiona l losses prompted Sutter toinvest $255 million more in the sagginh fund expected to provide retirement benefits to more than 27,00o0 employees who are active members of the plan.
At a time when strugglinf industries are dumpingretirement benefits, pensions are considered an importanf part of overall employee compensation in the competitive healtjh care market. The dust has yet to settle on theloss “It’s a little premature,” said Bob Reed, Sutter’s chief financialp officer. “We were over-funded at the end of 2007 ... but the investmentr market didso poorly, we put in $505 millionn and it still looks like we’l come up short” for 2008. The pension losses will take a substantialp toll onthe company’s botton line for calendar year 2008, Reed said, but Sutter will remaij in the black.
There is no talk at this poingt ofcutting benefits. “Will we have to cut back and reduced expenses? Absolutely,” Reed said. A formal assessmenrt of capital projects is under way to determine what to cut or The process will take several Construction of an ambulatory surgeryt center in Elk Grove will move but the proposed hospital next door could be This process is playing out at other hospitak systemsas well. Kaiser’es pension plan had $4.7 billioh in assets and $5.8 billion in projectec obligationson Dec.
31, 2007, said Kathlee n McKenna, executive director of public policy
The fund at lost $400 million durinf that same period. Retirement fund assets at the , which operatea the in Sacramento, tumbled $6.1 billiom by the end of before themarket woes. also took a hit but won’t release figures until March. As theitr pension funds plunge, hospital systems may be forcerd to delay expansion plans to come upwith much-needed cash to bolstedr the funds. If they continue to drop, companiesx could be forced to shelve projects altogether and ultimately decrease the size and scop of theirpension plans. “It’sz the same pain as everyonde else in thiswhole country,” said Scott Seamons, regiona vice president for the .
An emergencuy relief measure signed by formet PresidentGeorge W. Bush in Decemberr eases some of the time linex for fundingpension plans. But eventually, required cash contributions to underfundefd pension plans could strain hospital and healtbh system budgets already stretched by poor reimbursemeng andrising costs. Sutter transferred $505 millionh from other sources to coved the losses last year and now facesz hard decisions about how to backfil lthe cash.
Others are watching the stock market and thei rbalance sheets, trying to decide how to make it up over Health care remains one of the brighty spots in the nation’s sour economy — still addinh jobs while other industries slash payrolls but the industry relies on investmentxs to maintain and increase pension fundes like other employers. “It’s a shel l game for any business that values employeesd and wants tokeep them,” Seamonsa said. “We have to shift fund s to cover thelosses — and the domino effectg goes to the projectxs we can stop or delay.
Every hospitak and every health system is looking at unique and responsiblew ways to make sound fiscal and operating decisiona to coversignificant losses.” Health care hasn’t been immunee to pension problems. Less than 1 percen t of the $35 billion paid from 1975 through 2007 by the federakl agency that protects pension benefit s stemmed from the healthcare industry, accordingg to figures from the But the scope for potentialk problems could increase greatly. Pension fund financing is complicated, and therr are myriad ways to report the but there’s no question they are down significantly for hospitals and healtg systems in California and nationwide (see char t at right).
Investment markets started to slide in but they fell off the cliff in the seconrd half oflast year. Sutter Health — the region’s second-largest private-sector employer, behinxd Kaiser Permanente — transferred more than a half-billioh dollars to its pension fund in two stagexs to coverthe losses. A $245 million investmengt in September wasnot enough. By late October, additiona l losses prompted Sutter toinvest $255 million more in the sagginh fund expected to provide retirement benefits to more than 27,00o0 employees who are active members of the plan.
At a time when strugglinf industries are dumpingretirement benefits, pensions are considered an importanf part of overall employee compensation in the competitive healtjh care market. The dust has yet to settle on theloss “It’s a little premature,” said Bob Reed, Sutter’s chief financialp officer. “We were over-funded at the end of 2007 ... but the investmentr market didso poorly, we put in $505 millionn and it still looks like we’l come up short” for 2008. The pension losses will take a substantialp toll onthe company’s botton line for calendar year 2008, Reed said, but Sutter will remaij in the black.
There is no talk at this poingt ofcutting benefits. “Will we have to cut back and reduced expenses? Absolutely,” Reed said. A formal assessmenrt of capital projects is under way to determine what to cut or The process will take several Construction of an ambulatory surgeryt center in Elk Grove will move but the proposed hospital next door could be This process is playing out at other hospitak systemsas well. Kaiser’es pension plan had $4.7 billioh in assets and $5.8 billion in projectec obligationson Dec.
31, 2007, said Kathlee n McKenna, executive director of public policy
Thursday, October 18, 2012
Cellino, Barnes donate $1M to UB - Business First of Louisville:
xszeyluje.blogspot.com
Lisa Mueller, assistant dean for alumni and communications, said the gift matchees the largest single-donation in the historhy of thelaw school, the $1 milliohn given in 2002 by Franciw Letro, who graduated UB Law Schoolk in 1979 and went on to found a successful personal injury firm. In a release announcing the gift, Universit at Buffalo Law School Dean Makay Mutua calledit “an extraordinaryy act of philanthropy” and “a wonderful down payment on our vision of academic excellencee and our bold aspirations for the Mutua said he plansx to invest the gift in the students, callingh them the central core of the law Specifically, he said the money will go toward scholarships, making improvements in pedagogical technologiews in the school and upgrading Steve Barnes, who founded the law firm along with Ross said they felt they owed a debt of gratitude to the schoopl where they got their &ld quo;Both Ross and I are graduated of the law school and we’ve come to know many of the professorzs and administrators very well,” he said.
“Makaiu Mutua is just an outstanding individual and he has a visionn thatwe haven’t seen at the school yet.” Barnez said the decision to make the gift an unrestricted donatiojn reflects the confidence they have in the administratorsa at the University to utilize the moneyg in the most effective ways possible. “Wd are lawyers, we didn’t feel as though we are in a positionh to dictate how the moneywas spent,” he said. “Wde have a lot of confidence in Makau’s visioj and we have had long discussions about where he wantxs to take the schooland we’rer on the same page.
” Recognizingt the generosity of Cellino and Barnes, the school has announcedx plans to name theif main conference center, located in O’Brian The Cellino and Barnes Conference Asked what it feels like to be in a positiob to give away $1 million, especiallg given the current economic climate, Barne put the gift into perspective. “Both Ross and I come from very humblwe beginnings and kind of worked our way up from the he said. “We started out as just the twoof us, now, the practics is a lucrative practice and I’m just glad we were able to help at a time that I thin is very critical to the law school.
”
Lisa Mueller, assistant dean for alumni and communications, said the gift matchees the largest single-donation in the historhy of thelaw school, the $1 milliohn given in 2002 by Franciw Letro, who graduated UB Law Schoolk in 1979 and went on to found a successful personal injury firm. In a release announcing the gift, Universit at Buffalo Law School Dean Makay Mutua calledit “an extraordinaryy act of philanthropy” and “a wonderful down payment on our vision of academic excellencee and our bold aspirations for the Mutua said he plansx to invest the gift in the students, callingh them the central core of the law Specifically, he said the money will go toward scholarships, making improvements in pedagogical technologiews in the school and upgrading Steve Barnes, who founded the law firm along with Ross said they felt they owed a debt of gratitude to the schoopl where they got their &ld quo;Both Ross and I are graduated of the law school and we’ve come to know many of the professorzs and administrators very well,” he said.
“Makaiu Mutua is just an outstanding individual and he has a visionn thatwe haven’t seen at the school yet.” Barnez said the decision to make the gift an unrestricted donatiojn reflects the confidence they have in the administratorsa at the University to utilize the moneyg in the most effective ways possible. “Wd are lawyers, we didn’t feel as though we are in a positionh to dictate how the moneywas spent,” he said. “Wde have a lot of confidence in Makau’s visioj and we have had long discussions about where he wantxs to take the schooland we’rer on the same page.
” Recognizingt the generosity of Cellino and Barnes, the school has announcedx plans to name theif main conference center, located in O’Brian The Cellino and Barnes Conference Asked what it feels like to be in a positiob to give away $1 million, especiallg given the current economic climate, Barne put the gift into perspective. “Both Ross and I come from very humblwe beginnings and kind of worked our way up from the he said. “We started out as just the twoof us, now, the practics is a lucrative practice and I’m just glad we were able to help at a time that I thin is very critical to the law school.
”
Tuesday, October 16, 2012
Disturbing questions remain following attack in libya - Florida Times-Union
andreychukuze.blogspot.com
CBC.ca | Disturbing questions remain following attack in libya Florida Times-Union Lt. Col. Andrew Wood, left, a Utah National Guard Army Green Beret, was the top security official at the United States consulate in Libya. He told the House Oversight and Government Reform Committee that requests to beef up security were ignored before ... E ditorial: Congress should press Libya probe What do the Libyan attackers say about their motivations? |
Monday, October 15, 2012
U.S. Chamber of Commerce Company Profile | Company Information
lebexab.wordpress.com
and around the globe. Our core missionm is to fight for business and free enterprisedbefore Congress, the Whitse House, regulatory agencies, the courts, the courgt of public opinion, and governments around the world. From its headquartersw near theWhite House, the Chamber maintains a professional staff of more than 300 of the nation's top policuy experts, lobbyists, lawyers, and communicators. The Washington staff is supported by seven regionak offices around the an officein Brussels; an on-the-ground presence in China; and a network of grassrootxs business activists. Our members include businesses of all sizesand sectors?
from largse Fortune 500 companies to home-based, one-persoh operations. In fact, 96% of our membershi encompasses businesses with fewer than100 employees.
and around the globe. Our core missionm is to fight for business and free enterprisedbefore Congress, the Whitse House, regulatory agencies, the courts, the courgt of public opinion, and governments around the world. From its headquartersw near theWhite House, the Chamber maintains a professional staff of more than 300 of the nation's top policuy experts, lobbyists, lawyers, and communicators. The Washington staff is supported by seven regionak offices around the an officein Brussels; an on-the-ground presence in China; and a network of grassrootxs business activists. Our members include businesses of all sizesand sectors?
from largse Fortune 500 companies to home-based, one-persoh operations. In fact, 96% of our membershi encompasses businesses with fewer than100 employees.
Saturday, October 13, 2012
Laura E. Owen Executive Profile
grihanovveimavox.blogspot.com
About Laura E. Owen Ms. Owen has achieved over 30 yeare experience and attained proven high level expertise in the fieldas of local and national surveillance and security investment banking, financial business development, project funding/management and corporat communications. At ICOP, Ms. Owen is responsible for guiding the strategic development ofthe Company, oversighr of sales and marketing, corporation administration and shareholdedr relations.
Her past experience includes being the first woman appointedx Secretary ofCommerce (KDOC) for the State of She has also served on numerous state boardsd and commissions, including KTEC (Kansas Technolog Enterprise Corporation); and Heart to Heart a global humanitarian organization which delivers medicine and medical supplies to areaws of need worldwide. She is a frequentt guest lecturer at security industry events and has contributed to numerous industr y publications focused onlaw enforcement, security technologie s and public safety.
She was namec one of the
About Laura E. Owen Ms. Owen has achieved over 30 yeare experience and attained proven high level expertise in the fieldas of local and national surveillance and security investment banking, financial business development, project funding/management and corporat communications. At ICOP, Ms. Owen is responsible for guiding the strategic development ofthe Company, oversighr of sales and marketing, corporation administration and shareholdedr relations.
Her past experience includes being the first woman appointedx Secretary ofCommerce (KDOC) for the State of She has also served on numerous state boardsd and commissions, including KTEC (Kansas Technolog Enterprise Corporation); and Heart to Heart a global humanitarian organization which delivers medicine and medical supplies to areaws of need worldwide. She is a frequentt guest lecturer at security industry events and has contributed to numerous industr y publications focused onlaw enforcement, security technologie s and public safety.
She was namec one of the
Friday, October 12, 2012
Frontier Airlines names Shurz VP of strategy - Denver Business Journal:
jiqatili.wordpress.com
The Denver-based carrier (Pink Sheets: FRNTQ) said Shurz will oversee Frontier's route planning and aircraff scheduling and will also managre strategic alliances andjoint ventures. Shurzx was most recently VP for network planning and alliancews with and previously was director of businesds development for theCanadian carrier. Earlier he was general manager of bus operations for the and was manager of domesti c planningat . "I have known Danielp for several years; he will be a tremendou s asset to ourexecutive team," Frontied President/CEO Sean Menke said in a statement.
"We are operating in an extremelu competitive market and in an economyh that has seen revenue declines acros sour industry. We will count on Daniel'x experience and deep knowledge of the airlinde industry to develop the strategic and innovative revenues initiatives and alliances that will positioh Frontier for the significant growth that lies Shurz receiveda bachelor's degrede from Queens' College at in Cambridge, and an MBA in strategy, economicz and international business from the 'e Booth School of Business.
The Denver-based carrier (Pink Sheets: FRNTQ) said Shurz will oversee Frontier's route planning and aircraff scheduling and will also managre strategic alliances andjoint ventures. Shurzx was most recently VP for network planning and alliancews with and previously was director of businesds development for theCanadian carrier. Earlier he was general manager of bus operations for the and was manager of domesti c planningat . "I have known Danielp for several years; he will be a tremendou s asset to ourexecutive team," Frontied President/CEO Sean Menke said in a statement.
"We are operating in an extremelu competitive market and in an economyh that has seen revenue declines acros sour industry. We will count on Daniel'x experience and deep knowledge of the airlinde industry to develop the strategic and innovative revenues initiatives and alliances that will positioh Frontier for the significant growth that lies Shurz receiveda bachelor's degrede from Queens' College at in Cambridge, and an MBA in strategy, economicz and international business from the 'e Booth School of Business.
Thursday, October 11, 2012
Millionaire murderer
cicugaha.wordpress.com
Keller’s properties total 1.3 million squared feet of warehouse, distribution and flexible service space. The askinv price is $104.1 million. The Palm Beach millionaire and real estate mogul was convicted of killingghis ex-wife in 2003 following a He died last year whild serving two life sentences in The family trust hired to sell off the real estates as part of undisclosed settlements hammered out afte a series of public family feuds over Keller and his murdered wife’s money. But, the properties are hitting markert amid verytough conditions, includinb the absence of credit for many would-be buyers.
The marketinyg strategy, according to Douglas Mandel, Marcusd & Millichap’s associate VP of investments, is to brea k up the 29 buildings into 10 geographic Buyers can choose oneor all, Mandep said. “We are confident that the assets will sell even in this he said. “The market is challenging, but it is also Mandel said pricing was set about ayear ago. He acknowledgecd that deteriorating market conditions would likel y require the trustto discount. The decisio to sell individual properties also broadens thebuyer pool, said Adam a senior associate with Marcus Millichap. “The tenants are definitelh potential buyers,” he said.
Kristol said the averagre occupancyof Keller’s portfolio is about 75 “An investor will acquirs a true value-add portfolio of industrial properties throughout Palm Beachh County,” he said. “The new owner will also control a large portion ofthe county’xs industrial market with this purchase.” the Palm Beach County industrial markegt spans 45.2 million square with an average vacancy rate of 5 percen t in the third quarter, according to market data. Keller spenty decades assemblingthe properties. Buildings ranges in age from 20 to 40yeards old. “He had accumulated them over abouty40 years,” Mandel said.
“Hes never sold anything that weknow of.”
Keller’s properties total 1.3 million squared feet of warehouse, distribution and flexible service space. The askinv price is $104.1 million. The Palm Beach millionaire and real estate mogul was convicted of killingghis ex-wife in 2003 following a He died last year whild serving two life sentences in The family trust hired to sell off the real estates as part of undisclosed settlements hammered out afte a series of public family feuds over Keller and his murdered wife’s money. But, the properties are hitting markert amid verytough conditions, includinb the absence of credit for many would-be buyers.
The marketinyg strategy, according to Douglas Mandel, Marcusd & Millichap’s associate VP of investments, is to brea k up the 29 buildings into 10 geographic Buyers can choose oneor all, Mandep said. “We are confident that the assets will sell even in this he said. “The market is challenging, but it is also Mandel said pricing was set about ayear ago. He acknowledgecd that deteriorating market conditions would likel y require the trustto discount. The decisio to sell individual properties also broadens thebuyer pool, said Adam a senior associate with Marcus Millichap. “The tenants are definitelh potential buyers,” he said.
Kristol said the averagre occupancyof Keller’s portfolio is about 75 “An investor will acquirs a true value-add portfolio of industrial properties throughout Palm Beachh County,” he said. “The new owner will also control a large portion ofthe county’xs industrial market with this purchase.” the Palm Beach County industrial markegt spans 45.2 million square with an average vacancy rate of 5 percen t in the third quarter, according to market data. Keller spenty decades assemblingthe properties. Buildings ranges in age from 20 to 40yeards old. “He had accumulated them over abouty40 years,” Mandel said.
“Hes never sold anything that weknow of.”
Tuesday, October 9, 2012
Tesla gets long-awaited government loan - San Francisco Business Times:
cicugaha.wordpress.com
Tesla had struggled to raise monegy this year as banks essentially stoppeed lending amid the credit crisidsand recession. Tesla Chairman Elon Musk essentially bankrolled the compant with his own money throughh the beginning ofthe year. Tesla then signecd a deal with , which took a 10 percent stakd in the companyin May. The Departmenyt of Energy had indicated that strategic partnershipswith credit-worthy companiees would be a major advantage as it evaluatee to which companies it woulde award loan guarantees. Tesla lookexd at building a factory inSan Jose, which aggressively courted the company.
But according to termsz of the loan guarantee had to find a brownfielesite – essentially a former factorhy it could retrofit — if it wanted to use the government’ guarantee. When it was unable to find an appropriat e site in San it abandoned plans there and focusefd instead onthe LA-area. Tesla’s award was part of $8 billiob the government said today it would award for advancedcvehicle technologies. (NYSE: F) will get $5.9 billiojn to transform factories across the country to make more fuelefficiengt vehicles. got $1.6 billion to retoolk its Smyrna, Tenn. Factory.
Tesla will use part of the mone it raises to manufacture drivetrains forits cars, Daimlerr and possibly other companies. By supporting key technologies and soun dbusiness plans, we can jumpstarr the production of fuel efficient vehicles in America,” said Energg Secretary Steven Chu, in a “These investments will come back to our countryy many times over – by creatinv new jobs, reducing our dependence on oil, and reducin our greenhouse gas emissions.” The Advancesd Vehicle Technology Program is part of the $789 billion economicf stimulus package the federal government passed in January.
But Tesl a had applied for the government prior to the passagre of the stimulus package througnh a program under the Bush administration that wasnevee funded.
Tesla had struggled to raise monegy this year as banks essentially stoppeed lending amid the credit crisidsand recession. Tesla Chairman Elon Musk essentially bankrolled the compant with his own money throughh the beginning ofthe year. Tesla then signecd a deal with , which took a 10 percent stakd in the companyin May. The Departmenyt of Energy had indicated that strategic partnershipswith credit-worthy companiees would be a major advantage as it evaluatee to which companies it woulde award loan guarantees. Tesla lookexd at building a factory inSan Jose, which aggressively courted the company.
But according to termsz of the loan guarantee had to find a brownfielesite – essentially a former factorhy it could retrofit — if it wanted to use the government’ guarantee. When it was unable to find an appropriat e site in San it abandoned plans there and focusefd instead onthe LA-area. Tesla’s award was part of $8 billiob the government said today it would award for advancedcvehicle technologies. (NYSE: F) will get $5.9 billiojn to transform factories across the country to make more fuelefficiengt vehicles. got $1.6 billion to retoolk its Smyrna, Tenn. Factory.
Tesla will use part of the mone it raises to manufacture drivetrains forits cars, Daimlerr and possibly other companies. By supporting key technologies and soun dbusiness plans, we can jumpstarr the production of fuel efficient vehicles in America,” said Energg Secretary Steven Chu, in a “These investments will come back to our countryy many times over – by creatinv new jobs, reducing our dependence on oil, and reducin our greenhouse gas emissions.” The Advancesd Vehicle Technology Program is part of the $789 billion economicf stimulus package the federal government passed in January.
But Tesl a had applied for the government prior to the passagre of the stimulus package througnh a program under the Bush administration that wasnevee funded.
Monday, October 8, 2012
Consumer confidence retreats - Washington Business Journal:
qalymeled.wordpress.com
Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overall index morethan double. The Conference Board's Consumer Confidence Indexz fellby 5.5 points to 49.3 in June. Florida’s consumer confidence index for June fell thres points last monthto 68, the resul of bad economic news including the bankruptcy of Generap Motors Corp., foreclosures and a spik e in Florida’s unemployment according to a new University of Floridza poll.
While Floridians’ perceptions of persona l finances compared with a year ago is up three points to 44 from a revised May readinfgof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditions over the next year fell seve n pointsto 65, whils perceptions of whether it’s a good time to buy big-tickef items fell nine points to 67. Perceptions of U.S. economiv conditions over the next five years remained unchange dat 80.
"Moving forward, we do not expecr Florida consumer confidence to decline much more over the next coupleeof months, barring some unforeseen change here in Floridas or nationally," Chris McCarty, director of UF’s Surveh Research Center at the Bureau of Economixc and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and uneven for some sectors of the economy.
"Withj the demise of longstandingg financial institutions such as Lehmah Brothers and manufacturing companies like Chryslerand GM, it is no longere business as usual," he The preliminary index for June was conducted from 430 It is benchmarked to 1966, so a valuew of 100 represents the same level of confidencd for that year.
Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overall index morethan double. The Conference Board's Consumer Confidence Indexz fellby 5.5 points to 49.3 in June. Florida’s consumer confidence index for June fell thres points last monthto 68, the resul of bad economic news including the bankruptcy of Generap Motors Corp., foreclosures and a spik e in Florida’s unemployment according to a new University of Floridza poll.
While Floridians’ perceptions of persona l finances compared with a year ago is up three points to 44 from a revised May readinfgof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditions over the next year fell seve n pointsto 65, whils perceptions of whether it’s a good time to buy big-tickef items fell nine points to 67. Perceptions of U.S. economiv conditions over the next five years remained unchange dat 80.
"Moving forward, we do not expecr Florida consumer confidence to decline much more over the next coupleeof months, barring some unforeseen change here in Floridas or nationally," Chris McCarty, director of UF’s Surveh Research Center at the Bureau of Economixc and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and uneven for some sectors of the economy.
"Withj the demise of longstandingg financial institutions such as Lehmah Brothers and manufacturing companies like Chryslerand GM, it is no longere business as usual," he The preliminary index for June was conducted from 430 It is benchmarked to 1966, so a valuew of 100 represents the same level of confidencd for that year.
Saturday, October 6, 2012
What a Difference a Percentage Point Can Make - New York Times
ra-iwinyro.blogspot.com
What a Difference a Percentage Point Can Make New York Times But fees also vary widely within asset classes. For instance, about 1 in 10 equity funds charge fees of 0.78 percent or lower, while another 1 in 10 charge 2.2 percent or higher. At the same time, investors who buy funds through a financial adviser may ... |
Friday, October 5, 2012
Recent commercial real estate deals - Phoenix Business Journal:
hustbelogehy1857.blogspot.com
acres on Diana Street in Tampa. The handledf the transaction. Leases: • Citru s Healthcare renewed their leasesof 19,35 8 square feet of office space in Watermark 5/7 at 5415 Mariner St., Tampqa from Point Watermark and 10,458 square feet of office spacwe in 101 at 101 S. Hoover Blvd from . representeds the lessor in both transactions. The Ross Realty Group represented in their leasd renewalof 11,196 square feet of industriak space in Centerport 60 at 2725 Adamo Drive, Tampz to Precision Installations. • Hillsborougj County Code Enforcement renewed their leasw at the II at 10119Windhorst Road, The represented the lessor.
• Collierse Arnold represented in its leaseof 14,462 squared feet of office space in Grand Plaza Northg at 14497 N. Dale Mabryy Highway, Suite 120-N and 150-N in Tampq from . • Colliers Arnold represented in its leasingof 20,096 square feet of retaipl space in Nature Coast Commones at U.S. Highway 19 and Sprin g Hill Drive in Spring Hillto • Collierw Arnold represented in its leasing of 166,974 square feet of retailo space in at 6800 S. Gulfport Blvd., Southg Pasadena to • Colliers Arnold representede LLC as the sublandlorr in its lease renewalof 22,243 square feet of officed space at 301 N. Cattleman Road, Buildingb A, Sarasota to IntegraClick.
• U-Fiy leased 12,798 square feet in Desoto Junction at 3611First St. E., Bradenton on U.S. 41. and handled the
acres on Diana Street in Tampa. The handledf the transaction. Leases: • Citru s Healthcare renewed their leasesof 19,35 8 square feet of office space in Watermark 5/7 at 5415 Mariner St., Tampqa from Point Watermark and 10,458 square feet of office spacwe in 101 at 101 S. Hoover Blvd from . representeds the lessor in both transactions. The Ross Realty Group represented in their leasd renewalof 11,196 square feet of industriak space in Centerport 60 at 2725 Adamo Drive, Tampz to Precision Installations. • Hillsborougj County Code Enforcement renewed their leasw at the II at 10119Windhorst Road, The represented the lessor.
• Collierse Arnold represented in its leaseof 14,462 squared feet of office space in Grand Plaza Northg at 14497 N. Dale Mabryy Highway, Suite 120-N and 150-N in Tampq from . • Colliers Arnold represented in its leasingof 20,096 square feet of retaipl space in Nature Coast Commones at U.S. Highway 19 and Sprin g Hill Drive in Spring Hillto • Collierw Arnold represented in its leasing of 166,974 square feet of retailo space in at 6800 S. Gulfport Blvd., Southg Pasadena to • Colliers Arnold representede LLC as the sublandlorr in its lease renewalof 22,243 square feet of officed space at 301 N. Cattleman Road, Buildingb A, Sarasota to IntegraClick.
• U-Fiy leased 12,798 square feet in Desoto Junction at 3611First St. E., Bradenton on U.S. 41. and handled the
Thursday, October 4, 2012
J.D. Power: Menards third best in home improvement satisfaction - The Business Journal of Milwaukee:
haygoodfoafyga1359.blogspot.com
The study, now in its third year, measures customerd satisfaction with home improvementretail stores, based on performancr in five factors: merchandise; price; sales staff; sales/promotions; and stored facility. achieves a score of 792 on a 1,000-point scale and performs particularly well in the salews staff and storefacility factors. (779) and Menardsa (774) follow Ace Hardware in the rankings. Lowe'sw performs particularly well in merchandise, while Menardes performs well inthe sales/promotionsw and price factors.
The study findes that approximately one-half of shoppersa (51%) asked the sales staff for assistancee during their most recent visitr to a home improvementretail store--down from 61 percent in 2008. The two most common reasons customers ask for assistancse are for help locatingy a product or for additionakl information abouta product. The studhy also finds that the importance of the storde facility factor has increased considerablyfrom 2008, while the importancee of the price and sales/promotions factors has Although the sales staff factor decreased in importance, it still remains as one of the most influential factors impacting customer satisfaction.
"Manyg home improvement store chains have had to reducs the size of their sales staff to remain competitiver in thistough economy, so those chainss that have a sufficient, well-trained and helpful sales staff have a competitive said Dale Haines, senior director of the real estat e and construction practice at J.D. Power and Overall spending on home improvementg products is downthis Additionally, customers spend approximately 76 percent of their totalo home improvement budget at their primary home improvement
The study, now in its third year, measures customerd satisfaction with home improvementretail stores, based on performancr in five factors: merchandise; price; sales staff; sales/promotions; and stored facility. achieves a score of 792 on a 1,000-point scale and performs particularly well in the salews staff and storefacility factors. (779) and Menardsa (774) follow Ace Hardware in the rankings. Lowe'sw performs particularly well in merchandise, while Menardes performs well inthe sales/promotionsw and price factors.
The study findes that approximately one-half of shoppersa (51%) asked the sales staff for assistancee during their most recent visitr to a home improvementretail store--down from 61 percent in 2008. The two most common reasons customers ask for assistancse are for help locatingy a product or for additionakl information abouta product. The studhy also finds that the importance of the storde facility factor has increased considerablyfrom 2008, while the importancee of the price and sales/promotions factors has Although the sales staff factor decreased in importance, it still remains as one of the most influential factors impacting customer satisfaction.
"Manyg home improvement store chains have had to reducs the size of their sales staff to remain competitiver in thistough economy, so those chainss that have a sufficient, well-trained and helpful sales staff have a competitive said Dale Haines, senior director of the real estat e and construction practice at J.D. Power and Overall spending on home improvementg products is downthis Additionally, customers spend approximately 76 percent of their totalo home improvement budget at their primary home improvement
Tuesday, October 2, 2012
Hearing set to certify Chinese drywall class - Austin Business Journal:
stelauguqdinec.blogspot.com
The plaintiffs’ homes were constructed with what they allege was defective Chinese drywall. , built the homes. The judge also set a possible trial date forSeptember 2010. Lawyers workingf on the case say it may be the first Chinese drywall case set fortrialp nationwide. High-sulfur Chinese drywalpl is believed responsible for strong metal corrosion and health complaints in thousands of homex in Florida andthe Southeast. Federal clas s action suits were combined recently inNew Orleans. , The Blumsteibn Law Firm and allege inthe Miami-Dade suit that the defective drywalpl emits toxins, including carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believw drywall manufactured in China was used in as manyas 60,000 Floridqa homes and as many as 100,00o0 in the U.S. during the building boom between 2004and 2007. The statd case was filed in February on behalf of Jason and Melissa Harrell and otherd homeowners who purchased defective In apress release, the firms said the defectiv drywall was installed in the Harrell’sd home by the South Kendall Construction Corp.
, and supplieds by In an interview in January, Soutnh Kendall Construction’s president told the Business Journal he was investigating the but he has not responded to additional requests for Repeated attempts to speak to officialw at Banner Supply have not been
The plaintiffs’ homes were constructed with what they allege was defective Chinese drywall. , built the homes. The judge also set a possible trial date forSeptember 2010. Lawyers workingf on the case say it may be the first Chinese drywall case set fortrialp nationwide. High-sulfur Chinese drywalpl is believed responsible for strong metal corrosion and health complaints in thousands of homex in Florida andthe Southeast. Federal clas s action suits were combined recently inNew Orleans. , The Blumsteibn Law Firm and allege inthe Miami-Dade suit that the defective drywalpl emits toxins, including carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believw drywall manufactured in China was used in as manyas 60,000 Floridqa homes and as many as 100,00o0 in the U.S. during the building boom between 2004and 2007. The statd case was filed in February on behalf of Jason and Melissa Harrell and otherd homeowners who purchased defective In apress release, the firms said the defectiv drywall was installed in the Harrell’sd home by the South Kendall Construction Corp.
, and supplieds by In an interview in January, Soutnh Kendall Construction’s president told the Business Journal he was investigating the but he has not responded to additional requests for Repeated attempts to speak to officialw at Banner Supply have not been
Monday, October 1, 2012
WiredRE Launch Data Center Listing and Search Service
qalymeled.wordpress.com
With the new data center listing service, Internet, and Telecommunication firms can now easilu identifynew retail, wholesalre and shell data center sites, including mapping of streett locations. The service is free, with no no registration, and no hidden locations - usersa can search, map, and qualify sites directly. Identifyingb new colocation and data center real estate availabilit has become a challengse forIT organizations. Investment in data center real estatrhas slowed, owing to the difficultty of obtaining debt financing. This has resulted in limited colocationj and data centersupply growth.
Driven by changes in computing regulatory compliance, and network demand for colocation and data center real estate has remained strong. The search and procurement process is becoming more criticap bythe day. "The colocation and data center markef is changing andmaturing rapidly, but it remains highly As evidence, I would cite the common knowledgw in San Francisco that 200 Paul a carrier hotel, is In reality, there are 9 MW of net IT spacre available. Our search and listing service is intended to create efficiency by allowing colocation and data centerd usersto search, map, and qualify sitee directly.
We will be proactively adding datacentedr locations, as an extension of our planning and procurement with the intention of identifying 5,000 sites by the end of 2009," commenteed , President. With this new service, the WiredRE are rapidlt becoming the leading data center planning and procuremenrt firm inthe nation. The compang has completed over 150 engagementxs withleading financial, enterprise, and telecom including numerous members of the Fortune 200. the firm represents nearly 1 MM squarw feetof retail, wholesale, and shell data cente space, including major data center developments in Virginia, San Francisco and Irvine.
To list a data cented with the WiredRE, simply send an emai l to . New listings will be published by WiredRE stafvf within seven to10 days. For more or to search the more than 1500 data centerssalready listed, go to .
With the new data center listing service, Internet, and Telecommunication firms can now easilu identifynew retail, wholesalre and shell data center sites, including mapping of streett locations. The service is free, with no no registration, and no hidden locations - usersa can search, map, and qualify sites directly. Identifyingb new colocation and data center real estate availabilit has become a challengse forIT organizations. Investment in data center real estatrhas slowed, owing to the difficultty of obtaining debt financing. This has resulted in limited colocationj and data centersupply growth.
Driven by changes in computing regulatory compliance, and network demand for colocation and data center real estate has remained strong. The search and procurement process is becoming more criticap bythe day. "The colocation and data center markef is changing andmaturing rapidly, but it remains highly As evidence, I would cite the common knowledgw in San Francisco that 200 Paul a carrier hotel, is In reality, there are 9 MW of net IT spacre available. Our search and listing service is intended to create efficiency by allowing colocation and data centerd usersto search, map, and qualify sitee directly.
We will be proactively adding datacentedr locations, as an extension of our planning and procurement with the intention of identifying 5,000 sites by the end of 2009," commenteed , President. With this new service, the WiredRE are rapidlt becoming the leading data center planning and procuremenrt firm inthe nation. The compang has completed over 150 engagementxs withleading financial, enterprise, and telecom including numerous members of the Fortune 200. the firm represents nearly 1 MM squarw feetof retail, wholesale, and shell data cente space, including major data center developments in Virginia, San Francisco and Irvine.
To list a data cented with the WiredRE, simply send an emai l to . New listings will be published by WiredRE stafvf within seven to10 days. For more or to search the more than 1500 data centerssalready listed, go to .
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