grachevakautawil.blogspot.com
When GM, which filed for bankruptcy protection Monday, announced earliert Tuesday that a buyer had been found forthe off-roas vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rightas to theHummer brand, along with a seniorr management and operational team. It will also assums existing dealer agreements relatingto HUMMER’s dealership It is contemplated that Tengzhong as part of the transaction, entef into a long-term contract assembly and key component and material supplyh agreement with GM. In an earlier statement, GM said it expects the deal if successful to secure morethan 3,00o US jobs.
The final terms of the scheduled to close in thethirs quarter, are subject to final negotiations. The cost of the transactionh wasnot revealed. is acting as exclusive financial advisor and is actingg as international legal counsel to Tengzhong on this Citi is acting as financial adviso rto GM.
viernes, 31 de agosto de 2012
jueves, 30 de agosto de 2012
Jeb Bush to Mitt Romney on RNC Speech: Show Your 'Heart' - ABC News (blog)
glafirarynyxu.blogspot.com
ABC News (blog) | Jeb Bush to Mitt Romney on RNC Speech: Show Your 'Heart' ABC News (blog) Jeb Bush offered Mitt Romney some advice this morning on “Good Morning America†just hours before the GOP presidential nominee will make the most important speech of his political career: Show your heart. “It's hard for him to show his heart. I respect . .. |
miércoles, 29 de agosto de 2012
Mom of Dead NY Girl Says Teen Suspect a "Mooch" - ABC News
meaning-sarajevo.blogspot.com
ABC News | Mom of Dead NY Girl Says Teen Suspect a "Mooch" ABC News Crystal Walker told WIVB-TV that John Freeman would frequently come and go from Walker's grandmother's house in Niagara F » |
lunes, 27 de agosto de 2012
Wisconsin cancer cases, deaths decline - Atlanta Business Chronicle:
hydiuco.blogspot.com
The estimated number of new cancer cases, except for lung cancefr and melanoma, are also predicted to be down this year in The society projects there will be morethan 27,00o0 new cases of cancer in Wisconsijn in 2009 and about 11,000 deaths. The Americahn Cancer Society’s newly released annual cancerstatisticse report, "Cancer Statistics 2009," finds that for the first time sincew these data have been tracked, overall cancer incidences rates are now decreasing in the U.S. in both men and The report also states declinesin U.S. cancer death rates equate to about 650,000 deathxs from cancer avoided or delayed between 1990and 2005.
The decreases are direct results of improvements in public like reductionsin smoking, earlier detection of cancers, and better treatments, accordinvg to the society. “Because the death rate continues to it means thatabout 100,000 Americanxs each year who would have died from cancerr are living to celebrate another John Seffrin, American Cancer Society chief executiver officer, said in a statement. The full Cancer Statistics report can be viewedat .
The estimated number of new cancer cases, except for lung cancefr and melanoma, are also predicted to be down this year in The society projects there will be morethan 27,00o0 new cases of cancer in Wisconsijn in 2009 and about 11,000 deaths. The Americahn Cancer Society’s newly released annual cancerstatisticse report, "Cancer Statistics 2009," finds that for the first time sincew these data have been tracked, overall cancer incidences rates are now decreasing in the U.S. in both men and The report also states declinesin U.S. cancer death rates equate to about 650,000 deathxs from cancer avoided or delayed between 1990and 2005.
The decreases are direct results of improvements in public like reductionsin smoking, earlier detection of cancers, and better treatments, accordinvg to the society. “Because the death rate continues to it means thatabout 100,000 Americanxs each year who would have died from cancerr are living to celebrate another John Seffrin, American Cancer Society chief executiver officer, said in a statement. The full Cancer Statistics report can be viewedat .
domingo, 26 de agosto de 2012
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Jacksonville Business Journal:
lehoquvuhu.wordpress.com
The Hopkinton, Mass., storag and information managementgiantt (NYSE: EMC) said Wednesdauy the Media Lab sponsorship is one of several initiatives coordinated out of EMC Research which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’e security-business research lab, RSA as well as about a dozenj researchers, technologists and business leadersacross EMC’s business units. The compan y also has research facilities in China andSantsa Clara, Calif.
“Research and advanced technology groupsacross EMC, along with our globaol university research partners, are discovering and exploring new technologieds that will shape the future of digitalp information,” said Jeff Nick, EMC senior vice president and chieff technology officer, in a statement. “This is an incrediblw opportunity for EMC to bring together some ofthe world’ s leading research minds and innovators in areas such as personalk information management, information integration and cloucd computing.” As a consortium sponsoe of the MIT Media Lab, EMC will be able to accese the center’s research on how people use and interacft with new technologies.
EMC said its initial collaboratioj will be on new models for data ownershioand usage, interfaces for busines transactions and health care IT initiatives. A consortium sponsorshipl costs $200,000 per year for a minimum of threed years. Sponsors receive full intellectual property rightes to technology developed at the lab duringtheir sponsorship. The announcemenyt comes a week after EMC and a grou of universities and technology companiesa announced the development of a high performance computing researcyh facilityin Holyoke, Mass. Other tech giants have builft dedicated R&D lab in Cambridge in recengt years.
(Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) built researcj centers in the city in the pasttwo years.
The Hopkinton, Mass., storag and information managementgiantt (NYSE: EMC) said Wednesdauy the Media Lab sponsorship is one of several initiatives coordinated out of EMC Research which will be located at 11 Cambridge Ctr. in Mass. The center will house EMC’e security-business research lab, RSA as well as about a dozenj researchers, technologists and business leadersacross EMC’s business units. The compan y also has research facilities in China andSantsa Clara, Calif.
“Research and advanced technology groupsacross EMC, along with our globaol university research partners, are discovering and exploring new technologieds that will shape the future of digitalp information,” said Jeff Nick, EMC senior vice president and chieff technology officer, in a statement. “This is an incrediblw opportunity for EMC to bring together some ofthe world’ s leading research minds and innovators in areas such as personalk information management, information integration and cloucd computing.” As a consortium sponsoe of the MIT Media Lab, EMC will be able to accese the center’s research on how people use and interacft with new technologies.
EMC said its initial collaboratioj will be on new models for data ownershioand usage, interfaces for busines transactions and health care IT initiatives. A consortium sponsorshipl costs $200,000 per year for a minimum of threed years. Sponsors receive full intellectual property rightes to technology developed at the lab duringtheir sponsorship. The announcemenyt comes a week after EMC and a grou of universities and technology companiesa announced the development of a high performance computing researcyh facilityin Holyoke, Mass. Other tech giants have builft dedicated R&D lab in Cambridge in recengt years.
(Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) built researcj centers in the city in the pasttwo years.
viernes, 24 de agosto de 2012
Benedict Cumberbatch Joins 'August: Osage County' Film Adaptation's Cast - Huffington Post
dyakonostrlin.blogspot.com
Playbill.com | Benedict Cumberbatch Joins 'August: Osage County' Film Adaptation's Cast Huffington Post Benedi. The highly anticipated film adaptation of "August: Osage County" has lured in Hollywood heavyweights Meryl Streep, Julia Roberts and Chris Cooper so far, but its newest addition to the cast is a bit more... mysterious. Benedict Cumberbatch , the ... Olivier Winner Benedict Cumberbatch Joins Cast of August: Osage County Film ... Benedict Cumberbatch in Talks for August: Osage County Film, Starring Meryl ... Benedict Cumberbatch in Talks to Join 'August: Osage County' (Exclusive) |
jueves, 23 de agosto de 2012
Birmingham Wal-Marts to get major renovations - Birmingham Business Journal:
authors-morphology.blogspot.com
The rebranding and remodeling is part ofa company-widre sweep to update 80 percent of its existing storeds in the U.S. over the next five yearsz and make them consistent with newer saidAmy Wyatt-Moore, a spokeswomaj for the Arkansas-based discount retailer. Storezs slated for the overhaul include onein Birmingham, on Parkwau East, the two storezs in Hoover, on John Hawkins Parkway and U.S. 280, the store in Gardendale and the storein Sylacauga, she said. Wyatt-Moore did not disclose the investment forthe remodels, but the building permit issued for the Parkway East store was valued at nearly $900,000.
Each store will get overhauled, flooer to ceiling, in an efforf to improve the shoppiny experience forthe customer, she said. Aislez will be widened, lower profile shelvin will be added, the interior will be navigational signage will be added and customers will have a clear sigh line across theentire building. “We plan to improve the customefr experiencethrough design, based on customer feedback,” said Wyatt-Moore. “It’s generalluy about creating a more clean, open and brightr look.
” And with a new look, the retailer hopeds to lure more affluent customers than it has in the saidMickey Gee, professor in the marketin and industrial distribution department at the . “They have a lot of storea – from Fred’s and and Dollar Tree – cominf in underneath them forthe lower-end customer,” he Wal-Mart is not walking away from those customers but is also goingv after the more affluent buyer because that’s wherew the money is, he said.
has taken the same approach in modernizinbgits stores, as well as , and that’s the customerd Wal-Mart wants to particularly in the electronics arenaz Best Buy has flourished in, Gee So as a result, the stores become more customer-focused. “They’re looking at it from a customer’s instead of stack ‘em high and sell ‘em Gee said. “Now they’re taking a step back and lookingy at more ways tobe customer-centered.” The loca l stores will remain open duringh the remodeling and each will take abouty three months.
Other Alabama stores to get remodeled in the near futurew includeAlexander City, Opelika and According to the company’sw Web site, the Birmingham area has 15 , one Wal-Margt store and three Wal-Mart Neighborhood Markets.
The rebranding and remodeling is part ofa company-widre sweep to update 80 percent of its existing storeds in the U.S. over the next five yearsz and make them consistent with newer saidAmy Wyatt-Moore, a spokeswomaj for the Arkansas-based discount retailer. Storezs slated for the overhaul include onein Birmingham, on Parkwau East, the two storezs in Hoover, on John Hawkins Parkway and U.S. 280, the store in Gardendale and the storein Sylacauga, she said. Wyatt-Moore did not disclose the investment forthe remodels, but the building permit issued for the Parkway East store was valued at nearly $900,000.
Each store will get overhauled, flooer to ceiling, in an efforf to improve the shoppiny experience forthe customer, she said. Aislez will be widened, lower profile shelvin will be added, the interior will be navigational signage will be added and customers will have a clear sigh line across theentire building. “We plan to improve the customefr experiencethrough design, based on customer feedback,” said Wyatt-Moore. “It’s generalluy about creating a more clean, open and brightr look.
” And with a new look, the retailer hopeds to lure more affluent customers than it has in the saidMickey Gee, professor in the marketin and industrial distribution department at the . “They have a lot of storea – from Fred’s and and Dollar Tree – cominf in underneath them forthe lower-end customer,” he Wal-Mart is not walking away from those customers but is also goingv after the more affluent buyer because that’s wherew the money is, he said.
has taken the same approach in modernizinbgits stores, as well as , and that’s the customerd Wal-Mart wants to particularly in the electronics arenaz Best Buy has flourished in, Gee So as a result, the stores become more customer-focused. “They’re looking at it from a customer’s instead of stack ‘em high and sell ‘em Gee said. “Now they’re taking a step back and lookingy at more ways tobe customer-centered.” The loca l stores will remain open duringh the remodeling and each will take abouty three months.
Other Alabama stores to get remodeled in the near futurew includeAlexander City, Opelika and According to the company’sw Web site, the Birmingham area has 15 , one Wal-Margt store and three Wal-Mart Neighborhood Markets.
miércoles, 22 de agosto de 2012
Macedonia Gets $58 Million EBRD Loan to Fund Rail Track Upgrade - Businessweek
judonebolayb1394.blogspot.com
New Europe | Macedonia Gets $58 Million EBRD Loan to Fund Rail Track Upgrade Businessweek The 15-year loan to the Macedonian Railway Infrastructure supports a 60.7 million euro upgrade of the 30.8-kilometer (19- mile) stretch from Kumanovo to Beljakovce, northeast of the capital Skopje. The project gives the Balkan nation and its neighbors ... New rail tracks in FYR Macedonia will bring Black Sea ports closer EBRD Grants EUR 46 M for Construction of Macedonia-Bulgaria Railway Macedonia gets major European loan to upgrade railways |
lunes, 20 de agosto de 2012
LePage legal counsel nominated to become judge - Boston.com
belyaevostapuki.blogspot.com
Kennebec Journal | LePage legal counsel nominated to become judge Boston.com Daniel Billings previously served as a partner at Marden, Dubord, Bernier, and Stevens in Waterville before becoming the governor's chief legal adviser. The other new nominee is John Lucy, a partner at Richardson, Whitman, Large & Badger in Bangor. LePage announces housing, technology nominees LePage nominates his legal counsel for district court judge LePage picks top counsel as judge |
domingo, 19 de agosto de 2012
Obama, Romney aides spar over lack of campaign substance - Politico (blog)
acklinegymejac1362.blogspot.com
Obama, Romney aides spar over lack of campaign substance Politico (blog) Top campaign aides to President Barack Obama and Mitt Romney sparred Sunday over the focus on "small" issues in the campaign, each accusing the other side of being at fault for that focus. Obama deputy campaign manager Stephanie Cutter asked on ... |
sábado, 18 de agosto de 2012
Blank Rome slashing salaries - Kansas City Business Journal:
stages-paddocks.blogspot.com
Effective July 17, entry-level associates in Philadelphiaand Princeton, will have their salaries downgraded from $145,000p to $130,000 while other salaries will be reduced between 2 percent and 10 percent. “The legalo industry continues to evolvde in the midst of challengingeconomi conditions,” the firm said. Blank Rome called the salaryh reductionsa “market adjustment” and said the firm remainss in strong financial health, and is on budgeft for this year.
Earlier this week, cut its associate salaries by $10,000 across the board while partners have agreeed to take a 5 percent cut in compensationn and administrative staff with salarieswexceeding $60,000 a year will see theird income fall between 2 percent and 5 Firms such as Ballardc Spahr Andrews & Ingersoll, Reed Smithb and Buchanan Ingersoll & Rooney have cut associate salaries whilse firms such as Drinker Biddle & Reathu and Montgomery McCracken Walker Rhoads have lowered first-year salaries.
There have been no publiclh announced salary cuts from other large Philadelphia law firmes suchas Dechert, Morgajn Lewis & Bockius, Pepperd Hamilton and Duane Morris— all of which have paid the top-of-the-marker $145,000 to entry-level lawyers. The 500-lawyer Blankm Rome has laid off 47 lawyerx and 92 support staffthis year, the largestf number proportionally to its size of any firm in Like its chief competitors, Blank Rome reduced the length of its summef intern program and delayed the start date for its first-yeat associates from this fall to “at least” January 2010.
But while most firms reduced their summer program from 10 toeightt weeks, Blank Rome’s program will only be six weeks. Blank Rome has the fifth-largesy local lawyer count in the PhiladelphiasBusiness Journal’s most recent Book of Busineses Lists, with 278. It also reported having 401 locaolsupport staff. Both of those numbers were collected beforefirmwidew layoffs.
Effective July 17, entry-level associates in Philadelphiaand Princeton, will have their salaries downgraded from $145,000p to $130,000 while other salaries will be reduced between 2 percent and 10 percent. “The legalo industry continues to evolvde in the midst of challengingeconomi conditions,” the firm said. Blank Rome called the salaryh reductionsa “market adjustment” and said the firm remainss in strong financial health, and is on budgeft for this year.
Earlier this week, cut its associate salaries by $10,000 across the board while partners have agreeed to take a 5 percent cut in compensationn and administrative staff with salarieswexceeding $60,000 a year will see theird income fall between 2 percent and 5 Firms such as Ballardc Spahr Andrews & Ingersoll, Reed Smithb and Buchanan Ingersoll & Rooney have cut associate salaries whilse firms such as Drinker Biddle & Reathu and Montgomery McCracken Walker Rhoads have lowered first-year salaries.
There have been no publiclh announced salary cuts from other large Philadelphia law firmes suchas Dechert, Morgajn Lewis & Bockius, Pepperd Hamilton and Duane Morris— all of which have paid the top-of-the-marker $145,000 to entry-level lawyers. The 500-lawyer Blankm Rome has laid off 47 lawyerx and 92 support staffthis year, the largestf number proportionally to its size of any firm in Like its chief competitors, Blank Rome reduced the length of its summef intern program and delayed the start date for its first-yeat associates from this fall to “at least” January 2010.
But while most firms reduced their summer program from 10 toeightt weeks, Blank Rome’s program will only be six weeks. Blank Rome has the fifth-largesy local lawyer count in the PhiladelphiasBusiness Journal’s most recent Book of Busineses Lists, with 278. It also reported having 401 locaolsupport staff. Both of those numbers were collected beforefirmwidew layoffs.
jueves, 16 de agosto de 2012
Loan woes spur bankruptcy for Salem Logistics units - The Business Journal of the Greater Triad Area:
ejoxot.wordpress.com
Salem Logistics Management, whic is 98.1 percent owned by Salem Logistics filed for Chapter 11 bankruptcy protectioMarch 11. Salem Logistics Management, in turn, owns the othefr two companies filingfor protection, Salem Logistics Distribution and . The entities handled Winston-Salem-based Salem Logistics Inc.’s warehouse and distributiojn business. Overbrook Holdings owns the 400,000-square-foot warehouse in Pilot Mountain from whicy the distribution business Chapter 11 cases are designed to allow the fileer to reorganize and eventually emerge frombankruptcyh protection. Documents filed in the U.S.
Bankruptcy Courft for the Middle District of North Carolina indicate that SalemLogisticws Inc., the parent company, took out a $2.2 million revolving loan and a $125,000p term loan with Houston-based Ark Royalk Capital LLC. But according to a Marcbh 13 filing by Ark Salem Logistics failed to maketimelg payments. As a result, becauser it says it had a lien, Ark Royal seized the fundws in oneof Salem’s accountzs receivable accounts as cash collateral. Without thoses accounts receivable funds, the three Salem entitiesw had to file for Chapter 11 to continue said R. Bradford Leggett, an attorney with in who is representing Salem inthe case.
He said all threwe companies continue to operate througjha short-term $50,000 loan providedc by Ark Royal. Salem Logistic Inc. did not file for protection, nor did its . Jeffreyy Oleynik, Ark Royal’s attorney at in Greensboro, declined to comment. Court recordx also state that Salem Logistics Distributioj is disputing the lien rights of Ark Royapl on the accounts receivable saying thatit didn’t guarantee Salem Logistics Inc.’s debt.
It is also arguing that any contracts and cash collected after the bankruptcu filing should not be considered part of the cash Ark Royal is disputing that in a separate Christy Myatt, a bankruptcy attorney at Greensboro law firm Nexsen who is not involved in the case, said the fact that the lendeer provided the short-term financing likely means it thinkzs the matter can be resolverd and the two parties can keep a Leggett said that another hearing is scheduledx for early next month, when he hopews to get some clarith on Ark Royal’s lien rights.
He said Salemj is hoping to resolve the issue and emerge frombankruptcy
Salem Logistics Management, whic is 98.1 percent owned by Salem Logistics filed for Chapter 11 bankruptcy protectioMarch 11. Salem Logistics Management, in turn, owns the othefr two companies filingfor protection, Salem Logistics Distribution and . The entities handled Winston-Salem-based Salem Logistics Inc.’s warehouse and distributiojn business. Overbrook Holdings owns the 400,000-square-foot warehouse in Pilot Mountain from whicy the distribution business Chapter 11 cases are designed to allow the fileer to reorganize and eventually emerge frombankruptcyh protection. Documents filed in the U.S.
Bankruptcy Courft for the Middle District of North Carolina indicate that SalemLogisticws Inc., the parent company, took out a $2.2 million revolving loan and a $125,000p term loan with Houston-based Ark Royalk Capital LLC. But according to a Marcbh 13 filing by Ark Salem Logistics failed to maketimelg payments. As a result, becauser it says it had a lien, Ark Royal seized the fundws in oneof Salem’s accountzs receivable accounts as cash collateral. Without thoses accounts receivable funds, the three Salem entitiesw had to file for Chapter 11 to continue said R. Bradford Leggett, an attorney with in who is representing Salem inthe case.
He said all threwe companies continue to operate througjha short-term $50,000 loan providedc by Ark Royal. Salem Logistic Inc. did not file for protection, nor did its . Jeffreyy Oleynik, Ark Royal’s attorney at in Greensboro, declined to comment. Court recordx also state that Salem Logistics Distributioj is disputing the lien rights of Ark Royapl on the accounts receivable saying thatit didn’t guarantee Salem Logistics Inc.’s debt.
It is also arguing that any contracts and cash collected after the bankruptcu filing should not be considered part of the cash Ark Royal is disputing that in a separate Christy Myatt, a bankruptcy attorney at Greensboro law firm Nexsen who is not involved in the case, said the fact that the lendeer provided the short-term financing likely means it thinkzs the matter can be resolverd and the two parties can keep a Leggett said that another hearing is scheduledx for early next month, when he hopews to get some clarith on Ark Royal’s lien rights.
He said Salemj is hoping to resolve the issue and emerge frombankruptcy
miércoles, 15 de agosto de 2012
Marc Andreessen starts $300M VC fund - Washington Business Journal:
caloloary.blogspot.com
billion. While the actual news that Andreessen-Horowitaz was being formed was broken in Februaruy on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreessen "Between the two of us, Ben and I have startedc three companies directly, created many new productz and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five and served on a broafd cross-section of company boards with some of the best entrepreneursx and investors in the industry. Through all this, we have workeed closely together for15 years, and we coulde not be more excited to extend our partnership into venturd capital.
The new firm will invest anywherefrom $50,000o to $50 million, Andreessen wrote, in consumee Internet, business Internet (cloud "software as a mobile software and services, software-powered consumee electronics, infrastructure and applicationse software, networking, storage, databases, and otherd back-end systems. Most of the mone will be invested in startups inSiliconm Valley, following in the VC tradition of wantin g to be within a few minutes of the headquarters of the companiee they invest in.
“We do not thinik it is an accident that Google is inMountai View, Facebook is in Palo Alto, and Twitter is in San We also think that venture capital is a high touc activity that lends itself to geographi c proximity, and our only office will be in Siliconn Valley,” Andreessen wrote on his He was also clear about what it won't invest in: "Wee are almost certainly not an appropriate investor for any of the followinfg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production consumer retail, electric rocket ships, space We do not have the first clue abouft any of these fields.
" Andreessen said he will continude as chairman of a social networkintg software company he co-founded, , as well as remai n on the board at and (NASDAQ:EBAY). Horowitz is vice presidentf and general manager of businesw technology optimization for softwareat . (NYSE:HPQ).
billion. While the actual news that Andreessen-Horowitaz was being formed was broken in Februaruy on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreessen "Between the two of us, Ben and I have startedc three companies directly, created many new productz and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five and served on a broafd cross-section of company boards with some of the best entrepreneursx and investors in the industry. Through all this, we have workeed closely together for15 years, and we coulde not be more excited to extend our partnership into venturd capital.
The new firm will invest anywherefrom $50,000o to $50 million, Andreessen wrote, in consumee Internet, business Internet (cloud "software as a mobile software and services, software-powered consumee electronics, infrastructure and applicationse software, networking, storage, databases, and otherd back-end systems. Most of the mone will be invested in startups inSiliconm Valley, following in the VC tradition of wantin g to be within a few minutes of the headquarters of the companiee they invest in.
“We do not thinik it is an accident that Google is inMountai View, Facebook is in Palo Alto, and Twitter is in San We also think that venture capital is a high touc activity that lends itself to geographi c proximity, and our only office will be in Siliconn Valley,” Andreessen wrote on his He was also clear about what it won't invest in: "Wee are almost certainly not an appropriate investor for any of the followinfg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production consumer retail, electric rocket ships, space We do not have the first clue abouft any of these fields.
" Andreessen said he will continude as chairman of a social networkintg software company he co-founded, , as well as remai n on the board at and (NASDAQ:EBAY). Horowitz is vice presidentf and general manager of businesw technology optimization for softwareat . (NYSE:HPQ).
lunes, 13 de agosto de 2012
How a Guy With a Wooden Leg Won 6 Medals - The Atlantic
yfimuna.wordpress.com
The Atlantic | How a Guy With a Wooden Leg Won 6 Medals The Atlantic The New York Observer calls Madrigal "for all intents and purposes, the perfect modern reporter." He co-founded Longshot magazine, a high-speed media experiment that garnered attention from The New York Times, The Wall Street Journal, and the BBC. |
domingo, 12 de agosto de 2012
Ion Media files for Chapter 11 bankruptcy protection - Nashville Business Journal:
ogarawo.wordpress.com
The network, which is based in West Palm filed for reorganization withthe ’sd Southern District of New York Tuesday claimin assets and liabilities of more than $1 billion. The filinbg was made on behalf of117 subsidiaries, includintg Ion Media of Tampa Inc. The filing comees as Ion agreed to a financial restructuringt that would wipe out morethan $2.7 billio in legacy debt and preferred stock whil e providing Ion with $150 million in new funding, accordint to a release. That’s part of an overall $300 million commitmen t that will convert to equity once the restructuring is complete and be made availablw to allof Ion’s first lien senior secureds debt holders.
“We are pleased with the suppor from our first lien senior debt holderas to resolvethe company’e legacy debt issues and fund our television growtbh plans,” said Brandon Ion’s chairman and chief executivee officer, in a “We are positioning the businese for growth and will emerge form the restructuring in a stronyg position to serve viewers, clients and stakeholders.” Lowelkl W. “Bud” Paxson founded Ion Media in 1984, basinb it in the Tampa Bay area and callingit . Originally owningg WWQT in Clearwater, Paxson latedr worked with Roy Speer to foundthe , which would be sold to Barryh Diller in 1996.
Following the sale of HSN, Paxson relocater to West Palm divested his radio interests and concentrated more on his own called , which launched in Augusty 1998. Paxson left the company in November 2005afterf , a minority owner in the stations, started to gain a majorityu interest in the company, renaming it Ion Mediza Networks in 2006.
The network, which is based in West Palm filed for reorganization withthe ’sd Southern District of New York Tuesday claimin assets and liabilities of more than $1 billion. The filinbg was made on behalf of117 subsidiaries, includintg Ion Media of Tampa Inc. The filing comees as Ion agreed to a financial restructuringt that would wipe out morethan $2.7 billio in legacy debt and preferred stock whil e providing Ion with $150 million in new funding, accordint to a release. That’s part of an overall $300 million commitmen t that will convert to equity once the restructuring is complete and be made availablw to allof Ion’s first lien senior secureds debt holders.
“We are pleased with the suppor from our first lien senior debt holderas to resolvethe company’e legacy debt issues and fund our television growtbh plans,” said Brandon Ion’s chairman and chief executivee officer, in a “We are positioning the businese for growth and will emerge form the restructuring in a stronyg position to serve viewers, clients and stakeholders.” Lowelkl W. “Bud” Paxson founded Ion Media in 1984, basinb it in the Tampa Bay area and callingit . Originally owningg WWQT in Clearwater, Paxson latedr worked with Roy Speer to foundthe , which would be sold to Barryh Diller in 1996.
Following the sale of HSN, Paxson relocater to West Palm divested his radio interests and concentrated more on his own called , which launched in Augusty 1998. Paxson left the company in November 2005afterf , a minority owner in the stations, started to gain a majorityu interest in the company, renaming it Ion Mediza Networks in 2006.
sábado, 11 de agosto de 2012
Sales slide sends Rocky to red in 1Q - Business First of Columbus:
viktorsejbgif.blogspot.com
The Nelsonville-based footwear known best forits boots, said it lost $1.12w million, or 20 cents a last quarter. That compares with a profit of $300,915, or 5 centsw a share, a year ago. Revenuse fell 17 percent to $50.1 milliomn from $60.5 million on declines in both wholesaler andretail sales, the company said. CEO Mike Brooks said in a releasde that the company is workinvg to counter lower sales by cuttinf overhead expenses and shifting retailo transactions tothe Internet.
“Looking ahead, we are confidentg that the strength and diversity of our brand portfolio is intact, and we remain committed to balancing our spending with current growth opportunities untio market conditions improve,” Brooks said. Rocky (NASDAQ:RCKY) last year earnec $1.2 million on $259.5 milliohn in revenue. The company produces and markets footwear under the RockyOutdoor Gear, Georgiaa Boot, Durango and Lehigh names alongy with licensed brands Dickies, Zumfoot and Michelin.
The Nelsonville-based footwear known best forits boots, said it lost $1.12w million, or 20 cents a last quarter. That compares with a profit of $300,915, or 5 centsw a share, a year ago. Revenuse fell 17 percent to $50.1 milliomn from $60.5 million on declines in both wholesaler andretail sales, the company said. CEO Mike Brooks said in a releasde that the company is workinvg to counter lower sales by cuttinf overhead expenses and shifting retailo transactions tothe Internet.
“Looking ahead, we are confidentg that the strength and diversity of our brand portfolio is intact, and we remain committed to balancing our spending with current growth opportunities untio market conditions improve,” Brooks said. Rocky (NASDAQ:RCKY) last year earnec $1.2 million on $259.5 milliohn in revenue. The company produces and markets footwear under the RockyOutdoor Gear, Georgiaa Boot, Durango and Lehigh names alongy with licensed brands Dickies, Zumfoot and Michelin.
jueves, 9 de agosto de 2012
Old-style Hawaii Tourism Authority junket pulls new-media crowd - San Antonio Business Journal:
qalymeled.wordpress.com
That’s according to Christine Lu, Los Angeles whose handle is “Geekgirl” and is a bloggedr nonpareil. “Our cell phonex didn’t work, either,” said Lu, stopping at the Royap Hawaiian hotel earlierthis week. “We waiterd until we left the park and coulf make ourpostings again.” Lu was wrapping up a week-lonhg blitz of Oahu, Maui, Kauai and the Big Along for the ride with Lu were seven full-time bloggerws from the Mainland (assisted by local blogger L. P. Faleafine) whose trips to Hawaii were paid for by the and itsmarketingy partners. The bloggers’ junket was the most ambitious experimenty by the HTA to exploitysocial media.
Desperate to drum up new business, Hawaiik tourism executives are finding thatTV commercials, ads in newspapersa and magazines and morning talk show chatterf — i.e., old medi — are no longer enough. The HTA sees new mediqa and online social networking as effective ways to reach a highly desirable marketof smart, adventurous, and relatively well-off vacationers. To that end, the HTA wantws its board to approvespending $1.3 million in its $71.4 millio fiscal 2010 budget on developing sociapl media outreach — Twitter, Facebook, MySpacee and the like.
New media approaches have played no small part in current marketing especiallyin computer-literate North America and East Asia. The HTA and its chief marketer, the , have streamlined Hawaii’s tourisk online content to keep its images fresh andmessages consistent. But it’s no longer sufficient to simply have an attractiveWeb site; destinations are now reachinfg out with personalized messages. What’s especially attractiv about the latestonline however, is the price tag: virtuallyy nothing.
The HTA spent about $15,000 on the So Much More Hawaiiblogger FAM, or familiarization, tour, the kind of free trip that’as been offered to friendly writers and travel agentxs for decades. A good chunk of the moneg went tobuilding HTA’s blog www.somuchmorehawaii.com, and to organizing the tour, which Lu So Much More Hawaii is the state’s two-year-ols marketing mantra, a campaign that emphasizesz cultural, historical and personal stories in contrasr to the usual “Try our wonderfu l beaches” tag. A collaborative approach was key in keepingg expenses down for theblogger tour.
, , Hilto n Hawaii, and Starwood Hawaii were among the companies that kicked in servicesfor “Everybody pitched in — restaurants, attractions, bloggers,” said the HTA’e David Uchiyama. It is difficult to measure the effectiveness ofonline marketing, but Lu said it may be beyondc calculation. “When I there’s 10,000 people reading it,” said Lu, who is 33. Lu and Uchiyamq were introduced byNathan Kam, vice president of . “Wheb David and I met, he didn’t even know what Twitter and blogging were,” said Lu, laughing.
That’s according to Christine Lu, Los Angeles whose handle is “Geekgirl” and is a bloggedr nonpareil. “Our cell phonex didn’t work, either,” said Lu, stopping at the Royap Hawaiian hotel earlierthis week. “We waiterd until we left the park and coulf make ourpostings again.” Lu was wrapping up a week-lonhg blitz of Oahu, Maui, Kauai and the Big Along for the ride with Lu were seven full-time bloggerws from the Mainland (assisted by local blogger L. P. Faleafine) whose trips to Hawaii were paid for by the and itsmarketingy partners. The bloggers’ junket was the most ambitious experimenty by the HTA to exploitysocial media.
Desperate to drum up new business, Hawaiik tourism executives are finding thatTV commercials, ads in newspapersa and magazines and morning talk show chatterf — i.e., old medi — are no longer enough. The HTA sees new mediqa and online social networking as effective ways to reach a highly desirable marketof smart, adventurous, and relatively well-off vacationers. To that end, the HTA wantws its board to approvespending $1.3 million in its $71.4 millio fiscal 2010 budget on developing sociapl media outreach — Twitter, Facebook, MySpacee and the like.
New media approaches have played no small part in current marketing especiallyin computer-literate North America and East Asia. The HTA and its chief marketer, the , have streamlined Hawaii’s tourisk online content to keep its images fresh andmessages consistent. But it’s no longer sufficient to simply have an attractiveWeb site; destinations are now reachinfg out with personalized messages. What’s especially attractiv about the latestonline however, is the price tag: virtuallyy nothing.
The HTA spent about $15,000 on the So Much More Hawaiiblogger FAM, or familiarization, tour, the kind of free trip that’as been offered to friendly writers and travel agentxs for decades. A good chunk of the moneg went tobuilding HTA’s blog www.somuchmorehawaii.com, and to organizing the tour, which Lu So Much More Hawaii is the state’s two-year-ols marketing mantra, a campaign that emphasizesz cultural, historical and personal stories in contrasr to the usual “Try our wonderfu l beaches” tag. A collaborative approach was key in keepingg expenses down for theblogger tour.
, , Hilto n Hawaii, and Starwood Hawaii were among the companies that kicked in servicesfor “Everybody pitched in — restaurants, attractions, bloggers,” said the HTA’e David Uchiyama. It is difficult to measure the effectiveness ofonline marketing, but Lu said it may be beyondc calculation. “When I there’s 10,000 people reading it,” said Lu, who is 33. Lu and Uchiyamq were introduced byNathan Kam, vice president of . “Wheb David and I met, he didn’t even know what Twitter and blogging were,” said Lu, laughing.
miércoles, 8 de agosto de 2012
Federal court annex honors African-American judge - Washington Business Journal:
stockdaleiqemico1521.blogspot.com
Nationwide, GSA's real estate business provides work environmentes for more than 1 millionfederao employees. Since 1949, the agency's Publi Buildings Service has served asa developer, lessor and manager of federally owned and leased properties, currently totalint 335 million rentable square feet in 50 D.C., Puerto Rico, and the Virgin Islands. The General Servicexs Administration has completed a major expansion ofthe E. Barrettf Prettyman U.S. Courthouse at the intersection of Third Street NW andConstitution Avenue. The new William B. Bryant Annex, officially dedicated at a ceremony Oct.
30, is named for William Bensob Bryant, the first African-American chief judgr of the for the Districtof Bryant, who was born in Wetumpka, Ala., grew up in D.C. and receivede his undergraduate and law degrees fromHowar University. Hired as an assistant U.S. attorney, Bryang became the first African-American prosecutor to try casesin D.C. He was appointefd to the U.S. Districtt Court in 1965 and served as chief judgw from 1977to 1981. "This powerful and unique addition tothe city's federa l presence honors Judge Bryant's legacy," said GSA Administrator Luritza Doan at the annex's dedication.
"If also stands as a tribute to thefederal judiciary'sz critical role in our society." The 351,000-square-foo Bryant annex cost a total of $134 million. The main built in 1952, contains an additionall 643,000 square feet. and the SmithGroup designed the wasthe contractor, and Jacobs Engineeringt handled construction management. The which replaces a surface parking lot adjacent to the Prettymab Courthouse and faces Third forms a major gateway at the easterjn end of Pennsylvania Avenue and the site of the presidentiapInaugural parade. "GSA is pleased to be able to developl this annex to Prettyman saysAnn W.
Everett, acting regional administratod forthe agency's National Capital Region. "Itse beautiful design is in keepinf with the prominence of its The annexhas four, barrel-vaulted bays that culminatre in a rotunda on Constitutioj Avenue. Each bay houses two, two-story courtroomsx on the fourth andsixth floors, along with chambers, jury-assembly areas and separate corridors for transportingb prisoners. The first floor of the rotunds includes a large cafeteria with sweeping views ofthe Capitol, the Nationa l Mall and the . Above this are more chambers. An additional 20 District courtroom and an appellate courtroom are in themain courthouse.
The annex is connected to the main buildingb bya 24,000-square-foot atrium. The two buildings are aligned so that someone entering the annex on Thire Street is able to look straighy down a corridor running the entire length ofboth buildings. A glassd ceiling covers the 77-foot high atrium and fillse the space withnatural light. A circular stairwauy connecting all six floors standss in the middle of the enclosed by a cylinder finished in curlyu maple and punctuated by a series of squar e openings that track the rise ofthe Overhead, numerous wood-covered walkways connecg the floors of the two buildings.
Some serve the genera l public, some are for judges, and some for the movemenrt of prisoners. The façade is finished in limestone, bluestone and tinted precast concrete panels, arranged to emphasize the vertica character of the structure and present a rhythmic pattern. The annex has large square grouped in sets of four and framesd by white precastconcrete panels.
Nationwide, GSA's real estate business provides work environmentes for more than 1 millionfederao employees. Since 1949, the agency's Publi Buildings Service has served asa developer, lessor and manager of federally owned and leased properties, currently totalint 335 million rentable square feet in 50 D.C., Puerto Rico, and the Virgin Islands. The General Servicexs Administration has completed a major expansion ofthe E. Barrettf Prettyman U.S. Courthouse at the intersection of Third Street NW andConstitution Avenue. The new William B. Bryant Annex, officially dedicated at a ceremony Oct.
30, is named for William Bensob Bryant, the first African-American chief judgr of the for the Districtof Bryant, who was born in Wetumpka, Ala., grew up in D.C. and receivede his undergraduate and law degrees fromHowar University. Hired as an assistant U.S. attorney, Bryang became the first African-American prosecutor to try casesin D.C. He was appointefd to the U.S. Districtt Court in 1965 and served as chief judgw from 1977to 1981. "This powerful and unique addition tothe city's federa l presence honors Judge Bryant's legacy," said GSA Administrator Luritza Doan at the annex's dedication.
"If also stands as a tribute to thefederal judiciary'sz critical role in our society." The 351,000-square-foo Bryant annex cost a total of $134 million. The main built in 1952, contains an additionall 643,000 square feet. and the SmithGroup designed the wasthe contractor, and Jacobs Engineeringt handled construction management. The which replaces a surface parking lot adjacent to the Prettymab Courthouse and faces Third forms a major gateway at the easterjn end of Pennsylvania Avenue and the site of the presidentiapInaugural parade. "GSA is pleased to be able to developl this annex to Prettyman saysAnn W.
Everett, acting regional administratod forthe agency's National Capital Region. "Itse beautiful design is in keepinf with the prominence of its The annexhas four, barrel-vaulted bays that culminatre in a rotunda on Constitutioj Avenue. Each bay houses two, two-story courtroomsx on the fourth andsixth floors, along with chambers, jury-assembly areas and separate corridors for transportingb prisoners. The first floor of the rotunds includes a large cafeteria with sweeping views ofthe Capitol, the Nationa l Mall and the . Above this are more chambers. An additional 20 District courtroom and an appellate courtroom are in themain courthouse.
The annex is connected to the main buildingb bya 24,000-square-foot atrium. The two buildings are aligned so that someone entering the annex on Thire Street is able to look straighy down a corridor running the entire length ofboth buildings. A glassd ceiling covers the 77-foot high atrium and fillse the space withnatural light. A circular stairwauy connecting all six floors standss in the middle of the enclosed by a cylinder finished in curlyu maple and punctuated by a series of squar e openings that track the rise ofthe Overhead, numerous wood-covered walkways connecg the floors of the two buildings.
Some serve the genera l public, some are for judges, and some for the movemenrt of prisoners. The façade is finished in limestone, bluestone and tinted precast concrete panels, arranged to emphasize the vertica character of the structure and present a rhythmic pattern. The annex has large square grouped in sets of four and framesd by white precastconcrete panels.
lunes, 6 de agosto de 2012
Hall named to national education council - Atlanta Business Chronicle:
azajir.wordpress.com
The Council of the Great City Schools is a coalition of 67 ofthe nation'z largest urban public school systems. Atlantwa Public Schools noted thatundefr Hall’s watch the past 10 years, its standardizedr test scores have risen and aging facilities have been And now, a new blueprint for businesss operations is being implemented. In February, Hall was namefd the 2009 National Superintendent of the Year by the Americajn Association ofSchool Administrators, the top professional honor for a K-12 school administrator. Befor coming to Atlanta, Hall was the state districrt superintendent of the Newark Public the largest school district inNew Jersey.
Hall chaire Harvard University's Urban Superintendents ProgramAdvisorg Board, where she mentors participants in the doctoral She also serves on the boardc of the U.S. Department of Education Urbanh Education ResearchTask Force. Hall also serves on the board of the new nonprofit GradyMemorial Hospital, Agnes Scotft College Board of Advisors, the , and the .
The Council of the Great City Schools is a coalition of 67 ofthe nation'z largest urban public school systems. Atlantwa Public Schools noted thatundefr Hall’s watch the past 10 years, its standardizedr test scores have risen and aging facilities have been And now, a new blueprint for businesss operations is being implemented. In February, Hall was namefd the 2009 National Superintendent of the Year by the Americajn Association ofSchool Administrators, the top professional honor for a K-12 school administrator. Befor coming to Atlanta, Hall was the state districrt superintendent of the Newark Public the largest school district inNew Jersey.
Hall chaire Harvard University's Urban Superintendents ProgramAdvisorg Board, where she mentors participants in the doctoral She also serves on the boardc of the U.S. Department of Education Urbanh Education ResearchTask Force. Hall also serves on the board of the new nonprofit GradyMemorial Hospital, Agnes Scotft College Board of Advisors, the , and the .
domingo, 5 de agosto de 2012
Oak Investment Partners Company Profile | Company Information
firukendu-anchored.blogspot.com
billion in committed capital. The primary investmen focus is on high growth opportunities in information technology, internet new financial services information technology, healthcare servicezs and consumer retail. Since 1978, Oak has achieved a stronf track record asa stage-independent investor funding more than 435 companie s at key points in their lifecycle. Oak has been involvex in the formationof companies, funded spinouts of operating divisions and technology assets, and provide growth equity to mid- and late-stage private businesses and to publi c companies through PIPE investments.
Oak has helped innovators exploity new business opportunities and anticipate trendsthrough long-termn relationships that endure the changing economic Our accomplishments can be best recognizedr through the success of our companies and the ability to deliveer consistent performance over time.
billion in committed capital. The primary investmen focus is on high growth opportunities in information technology, internet new financial services information technology, healthcare servicezs and consumer retail. Since 1978, Oak has achieved a stronf track record asa stage-independent investor funding more than 435 companie s at key points in their lifecycle. Oak has been involvex in the formationof companies, funded spinouts of operating divisions and technology assets, and provide growth equity to mid- and late-stage private businesses and to publi c companies through PIPE investments.
Oak has helped innovators exploity new business opportunities and anticipate trendsthrough long-termn relationships that endure the changing economic Our accomplishments can be best recognizedr through the success of our companies and the ability to deliveer consistent performance over time.
sábado, 4 de agosto de 2012
Tapping into federal funds: Public, private sectors vying for piece of stimulus pie - South Florida Business Journal:
bengeyqafiba1640.blogspot.com
The first, “use it or lose it,” referrede to President Obama’s mandate that states woulde lose their piece of the pie ifthey hadn’tg committed half the money to specifivc projects in 180 days, and the rest in anotherf 180 days. For Texas, that meant allocating $4.2 billion by June 30 and the rest 180 hotdays later. For regional entities the deadlinexs were a littlemore relaxed, but not much. Facing the cripplinv and embarrassing prospect of losinvg money to other cities more readgyto move, the second term — shovel-ready — quickly came to light.
“When the stimulusd bill was initially passed by and during dialog that led up to the passages ofthe bill, most peoplwe involved in infrastructure development felt that shovel-ready meant you had to have a project that was ready to go to Barry Goodman, founder of , a Houston-based transit planning company, told HBJ in the spring. “Them Congress realized that there aren’t many infrastructure projecte that are readyto go.
” So instead of demandinf that half the money be spent by a certain date and the rest spentt by another, Congress is saying half the money has to be obligated by a certain date and the rest by The key is at what point the money is considereed obligated. For public transportation, obligated means the money needed is in anapprovedc grant. For highway projects, which are mostluy run by statehighwaty departments, obligated means a bid has been As such, the — the federally mandatesd metropolitan planning organization responsiblse for Harris and seven surroundingg counties — has been engaging in some creative obligatinv that it says is in the best interesg of the city and state.
Because MPO projectsd have a final obligating deadline of March 5, 2010, some that can meet the June 30 or Dec. 31 deadlinesz of non-MPO (and statewide) projects have been swappeds out. A project to replace 30-year-old pavementg and improve ramps on Interstate 10between U.S. Highwayh 59 and those just west ofInterstate 45, for was going to cost $27 millionm in stimulus funds, $16 million of which were to come from H-GAC’w allotment. But Pat Waskowiak, program manager in H-GAC’ss planning and public outreach told HBJ in May thatthe $16 million was “flipped over to the statew side because it was ready.” Then there is what has been obligatefd to this point.
Most of the mone y the state has obligated is for projectd that fall under maintenanc because maintenance projects are easier to hustlw outthe door. The shovel-ready issue then begs the Are the mostimportant projects, perhapsw those that are too big in scope to meet ARRA deadlines, getting pushed to the back burnert so cities and states can spend money on less importanrt projects? Waskowiak says it’s not an issue. “We may end up with projecta that get us toward the financiaol goal of usingthe money, but they may not have been anyone’sx top priority,” she said.
But, “we have so many projectas on the contingency list that there are way more projects than what we havedollaras for.” And in lighft of plummeting materials costs and climbing unemployment, constructio companies desperate to land a government contracy for the first time in months are cominv in well below expectations when bidding on meaning more projects could get shuffled forward. Houston-areas bids have come in so far below expectationsthat H-GACf has put out a call to city and county officialsx for road projects to add to its aforementioned contingency list. “Bids are sometimes 20 percent lowetr than theestimated cost,” Waskowiakk said in late June.
“Material costse are down, but it’s largely because of labor Within a week of the signing of the American Recovery andReinvestmentg Act, the had allocated $10. 1 billion, almost 75 percent of its $13.5 billion in new funds. Texas will see more than $517 millionm of that for a varietyuof programs. Houston will get just under $28 millionb for community development block grants to creater jobs by improvingpublic facilities, emergency sheltefr and homelessness prevention grants to help strickeh families recover, and basic fundsz toward a public housing capital Harris County will see about $8.5 million for community homelessness prevention and a lead hazarde reduction grant.
The City of Galveston will alsoreceivw $3 million for lead reduction in 180 housin units.
The first, “use it or lose it,” referrede to President Obama’s mandate that states woulde lose their piece of the pie ifthey hadn’tg committed half the money to specifivc projects in 180 days, and the rest in anotherf 180 days. For Texas, that meant allocating $4.2 billion by June 30 and the rest 180 hotdays later. For regional entities the deadlinexs were a littlemore relaxed, but not much. Facing the cripplinv and embarrassing prospect of losinvg money to other cities more readgyto move, the second term — shovel-ready — quickly came to light.
“When the stimulusd bill was initially passed by and during dialog that led up to the passages ofthe bill, most peoplwe involved in infrastructure development felt that shovel-ready meant you had to have a project that was ready to go to Barry Goodman, founder of , a Houston-based transit planning company, told HBJ in the spring. “Them Congress realized that there aren’t many infrastructure projecte that are readyto go.
” So instead of demandinf that half the money be spent by a certain date and the rest spentt by another, Congress is saying half the money has to be obligated by a certain date and the rest by The key is at what point the money is considereed obligated. For public transportation, obligated means the money needed is in anapprovedc grant. For highway projects, which are mostluy run by statehighwaty departments, obligated means a bid has been As such, the — the federally mandatesd metropolitan planning organization responsiblse for Harris and seven surroundingg counties — has been engaging in some creative obligatinv that it says is in the best interesg of the city and state.
Because MPO projectsd have a final obligating deadline of March 5, 2010, some that can meet the June 30 or Dec. 31 deadlinesz of non-MPO (and statewide) projects have been swappeds out. A project to replace 30-year-old pavementg and improve ramps on Interstate 10between U.S. Highwayh 59 and those just west ofInterstate 45, for was going to cost $27 millionm in stimulus funds, $16 million of which were to come from H-GAC’w allotment. But Pat Waskowiak, program manager in H-GAC’ss planning and public outreach told HBJ in May thatthe $16 million was “flipped over to the statew side because it was ready.” Then there is what has been obligatefd to this point.
Most of the mone y the state has obligated is for projectd that fall under maintenanc because maintenance projects are easier to hustlw outthe door. The shovel-ready issue then begs the Are the mostimportant projects, perhapsw those that are too big in scope to meet ARRA deadlines, getting pushed to the back burnert so cities and states can spend money on less importanrt projects? Waskowiak says it’s not an issue. “We may end up with projecta that get us toward the financiaol goal of usingthe money, but they may not have been anyone’sx top priority,” she said.
But, “we have so many projectas on the contingency list that there are way more projects than what we havedollaras for.” And in lighft of plummeting materials costs and climbing unemployment, constructio companies desperate to land a government contracy for the first time in months are cominv in well below expectations when bidding on meaning more projects could get shuffled forward. Houston-areas bids have come in so far below expectationsthat H-GACf has put out a call to city and county officialsx for road projects to add to its aforementioned contingency list. “Bids are sometimes 20 percent lowetr than theestimated cost,” Waskowiakk said in late June.
“Material costse are down, but it’s largely because of labor Within a week of the signing of the American Recovery andReinvestmentg Act, the had allocated $10. 1 billion, almost 75 percent of its $13.5 billion in new funds. Texas will see more than $517 millionm of that for a varietyuof programs. Houston will get just under $28 millionb for community development block grants to creater jobs by improvingpublic facilities, emergency sheltefr and homelessness prevention grants to help strickeh families recover, and basic fundsz toward a public housing capital Harris County will see about $8.5 million for community homelessness prevention and a lead hazarde reduction grant.
The City of Galveston will alsoreceivw $3 million for lead reduction in 180 housin units.
jueves, 2 de agosto de 2012
Exec: Lexington plant avoids layoffs - The Business Journal of the Greater Triad Area:
efiosyt.blogspot.com
“It won’t affect us,” plant manager Thomass Wagar said. “It’s business as usual.” Huggiees and tissue-maker Kimberly-Clark said Thursday the company willcut 1,600p positions from its global work force. The reductiom includes 600 employees who acceptesd voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 million About 750 jobs will be cut in the United States, with the reductions occurring in Europd and other international locations. The layoffas will affect salaried andnonproductionj jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarkj said.
The company added that it willrecords $140 million to $150 million in charges related to the Kimberly-Clark attributed the cuts to a changing business environment that has forcer the organization to streamline expenses. "Thesee actions, while difficult, are necessaru to help us emerge from this demanding economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Through these changes we will be a moreeffective organization, with fastert decision-making helping to drive efficiency throughoutt all aspects of our operations.
In by increasing our cash generation, we will be in a better positionb to take advantage of future growth andinnovatiom opportunities." Kimberly-Clark has 53,000 employees worldwide. Thos affected by the staffing reductions will leaver the company in Juneand July, a spokesmabn for Kimberly-Clark said.
“It won’t affect us,” plant manager Thomass Wagar said. “It’s business as usual.” Huggiees and tissue-maker Kimberly-Clark said Thursday the company willcut 1,600p positions from its global work force. The reductiom includes 600 employees who acceptesd voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 million About 750 jobs will be cut in the United States, with the reductions occurring in Europd and other international locations. The layoffas will affect salaried andnonproductionj jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarkj said.
The company added that it willrecords $140 million to $150 million in charges related to the Kimberly-Clark attributed the cuts to a changing business environment that has forcer the organization to streamline expenses. "Thesee actions, while difficult, are necessaru to help us emerge from this demanding economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Through these changes we will be a moreeffective organization, with fastert decision-making helping to drive efficiency throughoutt all aspects of our operations.
In by increasing our cash generation, we will be in a better positionb to take advantage of future growth andinnovatiom opportunities." Kimberly-Clark has 53,000 employees worldwide. Thos affected by the staffing reductions will leaver the company in Juneand July, a spokesmabn for Kimberly-Clark said.
miércoles, 1 de agosto de 2012
SMF Energy announces $40M recapitalization - South Florida Business Journal:
eragywaqer.wordpress.com
The company (NASDAQ: FUEL) said in a news release that it estimatews the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interestr and dividends by more than $1 millio n a year. It said shareholders' equity has been increased by morethan $4 millioj as a result. SMF Energy said it extinguished all of itsexistinbg non-bank debt and outstanding preferred stock through various agreementsz with dozens of existing debt and equity while converting its existing $25 million asset-based lending facilityu into a new, more favorable, three-year, $20 milliom asset-based lending facility and a $5 million, 60-month amortize d term loan, the proceeds of which were used to pay down $4.
86 7 million in secured notes and $125,000 in unsecured notes. The company said it issued new stockj to make up the balance paid for the cancellation and extinguishment of theexisting investors' debt and equity Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiob took place with amended agreements with and . It said the only non-banl debt incurred in the recapitalizatiojn was an unsecured subordinated promissory noteof $800,000 at 5.5 percengt interest issued to an existing institutional investor in exchange for $800,000 of one of the Augusf 2007 11 percent senior secured convertiblr promissory notes.
The institutional investor alsoexchanged $200,000 of the same securedc note for shares of common stock priced at 38 cents a share, which was greater than the closing bid price of the stock on the day before the effectiv date. acted as SMF Energy’s placement agenft for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuanty to a Feb. 1 investment bankintg agreement. SMF Energy supplies specialized transportation and distribution serviceds for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services sectors.
Formerly known as , as of Nov. 30, it conductede operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-weekm high was 71 cents on Aug. 28. The 52-weemk low was 10 cents on Feb. 20.
The company (NASDAQ: FUEL) said in a news release that it estimatews the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interestr and dividends by more than $1 millio n a year. It said shareholders' equity has been increased by morethan $4 millioj as a result. SMF Energy said it extinguished all of itsexistinbg non-bank debt and outstanding preferred stock through various agreementsz with dozens of existing debt and equity while converting its existing $25 million asset-based lending facilityu into a new, more favorable, three-year, $20 milliom asset-based lending facility and a $5 million, 60-month amortize d term loan, the proceeds of which were used to pay down $4.
86 7 million in secured notes and $125,000 in unsecured notes. The company said it issued new stockj to make up the balance paid for the cancellation and extinguishment of theexisting investors' debt and equity Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiob took place with amended agreements with and . It said the only non-banl debt incurred in the recapitalizatiojn was an unsecured subordinated promissory noteof $800,000 at 5.5 percengt interest issued to an existing institutional investor in exchange for $800,000 of one of the Augusf 2007 11 percent senior secured convertiblr promissory notes.
The institutional investor alsoexchanged $200,000 of the same securedc note for shares of common stock priced at 38 cents a share, which was greater than the closing bid price of the stock on the day before the effectiv date. acted as SMF Energy’s placement agenft for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuanty to a Feb. 1 investment bankintg agreement. SMF Energy supplies specialized transportation and distribution serviceds for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services sectors.
Formerly known as , as of Nov. 30, it conductede operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-weekm high was 71 cents on Aug. 28. The 52-weemk low was 10 cents on Feb. 20.
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