Friday, November 30, 2012

Missouri approves KCP&L rate increase - Triangle Business Journal:

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million that KCP&L had sought. PSC spokesman Gregb Ochoa said that the PSC staff estimatedr the increase will raise a typicaloresidential customer’s bill about $12.823 a month. A typicapl customer is considered to be one that uses 700 kilowat t hours of electricity a month in wintetand 1,200 kWh a month in the Ochoa said. “Our customers depenx on us to provide affordable andreliable power,” KCP&L CEO Mike Chesser said in a writte statement responding to the PSC approval. “Thixs rate increase will help us pay for environmentakl investments we have alreadyg made to several ofour coal-fired poweer plants.
The installation of such pollution-controol equipment will improve air quality for our region and alloqw us to meet future federalenvironmental mandates. We recognizw that this is a challenging time to ask customera to pay morefor electricity, and we didn’ t make this decision lightly.” Kansas City-based (NYSE: GXP), KCP&L’sd parent, that KCP&L had reachecd an agreement in principle with the PSC to settl its pending Missouri rate case. Great Plainsz Energy ranks No.
5 on the Kansaxs City BusinessJournal ’s list of area public

Thursday, November 29, 2012

Kendall

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million foreclosure lawsuit against the develope r of theRivendell single-family home project in West The Miami-based bank filed the foreclosure action on June 9 against Miami-basedf Crestview II, Marsol One LLC and managingt member Marcial Solis, according to records. The complain targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th Street) between Southwesf 167th Avenue and the Miccosukee Golf and Country After starting construction in Crestview II sold 103 homese in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demanx for $12.
2 million on the outstanding did not immediately returnm a call seeking comment. TotalBank reportec having $86.4 million in late or unpaic loans, or nearly 6.5 percent of its totalk loans, as of Marchb 31. In March, filed a foreclosure action against Crestview II and Solisd overa $2.1 millioj mortgage.

Wednesday, November 28, 2012

IRS seeks repeal of work cell-phone tax - Dayton Business Journal:

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The agency created an uproar when it proposerd ways to simplify compliance with currenttax law, whicgh treats personal use of work-supplied cell phones as personal That law is “burdensome, poorly understood by taxpayeres and difficult for the IRS to administerd consistently,” IRS Commissioner Doug Shulman said in a To simplify compliance, the IRS sought comment on several options, includee treating 25 percent of the cell phone’z use as personal use. That created an uproar, and some reporte “incorrectly implied that the IRSis ‘cracking down’ on employeee use of employer-provided cell phones,” Shulmab said.
In response, the IRS and the have askedx Congress “to make clear that there will be no tax consequencd to employers or employees for personalp useof work-related devices such as cell phonea provided by employers,” Shulman said. “Thwe passage of time, advancee in technology and the nature of communicationxs in the modern workplace have rendereed thislaw obsolete,” he said. The House passedc legislation last year to repeal the cellphond tax, but it failed to pass the

Monday, November 26, 2012

Moore & Van Allen honored for corporate law - Charlotte Business Journal:

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The magazine's annual report surveys boards directors of publicly traded Respondents were asked to select the five local law firmzs they would most likely select to aid theitr companies on a broad range of corporatrelegal issues. The top five corporate law firms in Charlotte for2007 (with 2006 rankings in parenthesis), accordintg to the directors surveyed by Corporate Board Member, are: 1. Moorw & Van Allen (1, tie) 2. 3. 3. (tie) (1, tie) 5.
"Doing well in our surve y has become a singular badgrof honor, for the very reaso that it doesn't come from the law firms' peers," says Williamj Rukeyser, editorial director of Corporate Board "It's an accolade from their customera -- the directors, executives and generakl counsel who hire them, pay theire bills and thrive or suffer from their To be included in the magazine'sx survey, firms had to practice business, corporate or commercial law.
In they had to be one of the 20 largesy firms in its area by numberof

Friday, November 23, 2012

Obama: Public plan would

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If insurance companies do provide good insurancse totheir customers, then they should have nothing to fear from a government-ruh competitor, he said. “They should be able to compete,” he If the public plan is able to reduc e administrativecosts significantly, private insurers shoulfd take note and see if they can do the same. “Theres shouldn’t be any objectionn to that,” Obama said. The public plan should be required tocollect premiums, not be “simplu eating off the taxpayer trough,” he added.
Healtgh insurers and many businesd groups contend a public plan wouldc have an unfair advantage becauseit wouldn’t be subjectg to all the rules imposed on private insurerxs and likely would pay health providersw less for their services. This couldf crowd out many private insurers and lead providerx to charge private insurers more to make up for the lost incomew from thepublic plan, they contend.
When asked whether includinf a public plan in health care reformwas non-negotiable, the presidengt said, “We are still early in this “We have not drawn a line in the sand, other than reform has to control costs, and it has to provide relief to people who don’t have healthj insurance or are underinsured.” Obama also was aske what he thought about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financial regulator y reform plan proposes expanding the Fed’s “I think he has done a very good job undedr very difficult circumstances,” Obama said.
All regulators fell short of doing what was needed to prevenf thefinancial crisis, but the Fed “probabluy performed better than most,” he said. Sincs the financial crisis erupted, Bernankwe has “performed very well,” Obamq said.

Wednesday, November 21, 2012

Kinks identified in new dispatch system - Hometownlife.com

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Kinks identified in new dispatch system

Hometownlife.com


Observer; Eccentric; Hometown; Sports · Business · Life · Opinion · Obituaries · Help · Canton · Farmington · Farmington Hills · Garden City · Livonia · Plymouth · Plymouth Township · Redford · Westland. LATEST HEADLINES. Kinks identified in new ...



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Monday, November 19, 2012

Atlantic Broadband restructures debt - Tampa Bay Business Journal:

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recently restructured most of its heavy debt load as it facer payingnearly $500 million in cash obligations through the end of 2011. The privately-helx company said a group of lenders agreed to extend the maturitty dateon $325 million worth of debt from September 2011 to June according to SEC filings. In addition, revolvint credit lenders agreed to extend the maturityon $40.p million due March 1, 2010 to March 1, 2012. Atlantifc Broadband has about 287,000 cable, 131,00 0 residential high-speed Internet and 55,000 residential telephone In 2003, the company struck a deal to purchasse cable systemsin Pennsylvania, Florida, Maryland, West Delaware and New York from St. Louis-based .
The purchasee price was about $738 million, and the deal closeed the following year. To help fund the Atlantic Broadband receiveda $305 million term loan and a $90 millionj revolving credit facility with a group of lenders that included Merrillp Lynch, (NYSE: GE), Societe Generale and Calyon Corporatr and Investment Bank. At the end of the company had total debt outstandingof $603.7 million, including capital lease obligations. The companh generated net incomeof $10.66 million in the first quarter, comparesd with a year-earlier net loss of $1.05 million. Cable servic revenue in the quarter increasedto $73.8 million, up from $67.
2 million in the year-earlier period, according to regulatorgy filings.

Sunday, November 18, 2012

Facebook, Think settle trademark dispute - Minneapolis / St. Paul Business Journal:

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Palo Alto-based Facebook and Think did not disclose terms ofthe Think's CEO and founder, Aaron Greenspan, attended Harvard with Facebook CEO and founder Mark Zuckerberg in where both were "entrepreneurially minded programmers," the companiew said. Starting in August 2003, Think releaserd a Web-based student portal callede houseSYSTEM through a Harvar dstudent group. This software was designed to make life easierfor faculty, and alumni. By September 2003, houseSYSTEM featured a section (devisex and implemented by Greenspan) calledd "The Universal Face Book" (sometimes called "The Face Book").
Think'w system contained a numbed of features, including a coursee scheduler, student marketplace, email service, automatic birthday message boards, photo album, digital flyer event calendar (with online RSVP's), map job placement, and local business reviews. At launch, houseSYSTEM did not feature member profilees due to campussecurity concerns. Profiles were added afterd Zuckerberg launched Facebook inFebruar 2004, along with new features, allowint friends to record the way they had met and notingy the strength of their relationships.
"Aaronn and I studied together at Harvardand I've always admirec his entrepreneurial spirit and love of building I appreciate his hard work and innovatio n that led to buildintg houseSYSTEM, including the Universal Face Book feature. At school, I was even a member of houseSYSTEM. We are pleased that we'vee been able to amicably resolveour differences," Zuckerberg said in a prepared statement. "I am glad that my contributions have been recognized by said Greenspan. "Mark has built a tremendous company at Facebook, and I wish them continues success in the future.
"

Friday, November 16, 2012

Fred Weber wins $4M Mississippi River Bridge contract - Puget Sound Business Journal (Seattle):

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awarded Fred Weber a $4.44 million contracyt Wednesday to remove and replace the Madisonb Streetand St. Louis Avenue bridges over Interstate 70 indowntown St. The majority of work on this projec t will start afterHighway 40/Interstate 64 reopens between Kingshighwah and Interstate 170. Crews will removse the St. Louis Avenue bridge first and then remover and replace the MadisonStreetr bridge. During work to remove the MadisobStreet bridge, crews will also removse the Cass Avenue bridge in preparation for replacint that bridge later in 2010.
This work is part of preliminary work on a new Mississippikriver bridge, which is expected to reducse congestion on the Poplar Street Maryland Heights, Mo.-based Fred Weber is one of the largesgt privately held companies in St. Louias with $353.3 million in revenue in 2008. The commercial constructiob firm is also working onthe $245 millionm reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins states park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwauy 40/Interstate 64.

Thursday, November 15, 2012

Hydro to head 'em off at the trail bypass - Campbell River Mirror

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Hydro to head 'em off at the trail bypass

Campbell River Mirror


If it does, construction to build a new generating station, and the replacement of the wood stave pipelines running from John Hart Lake to the generating station with a two-kilometre long tunnel, could begin next summer. In addition to the Canyon View ...



Wednesday, November 14, 2012

Numonyx to lay off 10 percent of staff - Sacramento Business Journal:

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The company — a jointy venture between and — will lay off 46 of its 450 according to a letter to Sacramentok County SupervisorSusan Peters. The company will eliminate the high-paying jobs June 8, or withihn two weeks of that The affected employees include 11 componenytdesign engineers, eight engineeringg technicians and 27 others including engineers, finance analysts and commodity and materiald specialists. Mark Miller, a locak spokesman for Switzerland-based parent companhy , declined to comment on the Folsomm layoffs. “Like every other the worldwide economic situation is suchthat we’ve had to work on reducing costs,” he said.
Cost-cutting efforts includw everything from layoffs to reducing hours of its manufacturing operationesin Italy, Israel and he said. “Globally, we are trying to reduce costw to be more in line with current business Miller said, adding that cuts are not unique to Numonyx is a flash memory supplier founded last year. The companyh focuses on delivering memory for cell digitalmusic players, cameras and other mobilee equipment. It has 7,000 employees worldwide.
The average local Numonyx employer salaryis $115,000, according to the city of Joe Luchi, economic development coordinator for Folsom, said it’s his understanding the company has about 460 employees and stilol plans to relocate more than 400 to new offices in “We’re disappointed that they’re looking to reducr staffing,” Luchi said, adding that in the economic downturmn it’s “anyone’s guess” whether more cuts could “We’re keeping our fingers Last month, Numonyx signed a lease for two buildingd totaling 96,000 square feet at the Folsom Corporats Center at 2235 Iron Point Road.
The compang still plans to move most of its work forced from the Intel campus at 1900 Prairie City Road in Folsok by the end ofthis year, and have all of its employeesz moved by June 2010. A 56,000-square-foot buildinh already is on the site, and plans call for an additionapl 40,000-square-foot building. Final buildout is expected in early 2010. Gopa n Madathil, president of , a business networking group in Sacramento, said he is not surprised by the layoffs. It’e not unusual for companies to “right-size” when they combiner forces, he said. “To my knowledge, this is the first layoftf they are havingin Folsom,” he said.
“It should have very minimalo impact, if anything.” Madathil said he wouldn’t be surprisedc if there were “a little bit more” Numonyx layoffs in but “I wouldn’t be overlyg worried about that.” Numonyx was formed when the market demand for its productsewas higher. For example, the company sellsz its chips to the mobile phone which has shrunk since ayear ago, he said. “Sk they have to adjust their forecast accordingly,” Madathill said. The Sacramento region does not have a largw pool of semiconductor companies to absorb the Madathilsaid it’s a cyclical industry that’s strugglin in the Bay Area — and nationwide.
At the same he said, there could be locakl job openings, albeit increasingl competitive, at companies such as Intel, or Akros Silicon. “In their talent is not so uniqure thatthey won’t find jobs elsewhere,” Madathi said. But the cuts will continuw to add to the growing joblesa ranks inthe four-county region. Sacramento-area’sw jobless rate increased to a modern-day record of 11.
3 percenf in March, with about 121,000 peoplre looking for work, according to the state EmploymentDevelopment

Monday, November 12, 2012

D.C. to reduce Rock Creek pollution - Washington Business Journal:

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The grant came directly from the foundation and not fromstimulud monies. D.C.’s low-impact developmentt proposal was one of 24 picked this year to get fundintg to weed out pollution in the Chesapeake Bay andits “This grant gives us the opportunitgy to deal with stormwater differentl and on a largerf scale than ever before,” said Georg e Hawkins, department director. “If we help natur e absorb and filter there may be less of it to and less of it to carry pollutants into our rivers and The department’s pilot project spans 14 acres surrounding Rock Creek.
Throughu the funding, the department will instalpl green roofs, vegetation and porous pavement to absorb stormwater at the The purpose is to find out if that type of work can reducer runoff and the resulting pollutionto D.C. The $12.9 million in grants covere six statesand D.C.

Sunday, November 11, 2012

Business Journalist/Writer - Bizcommunity.com

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Business Journalist/Writer

Bizcommunity.com


A business journalist/writer is required by Global Africa Network for its online business platform, Frontier Market Network (www.frontiermarketnetwork.com). The position would involve researching and writing articles as well as repackaging existing ...



Thursday, November 8, 2012

Vail Resorts plans wage cuts in face of declining visits - Denver Business Journal:

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The pay cuts, which will take effect at or near the end of the currentgwinter season, will be implemented on a slidinv scale, from 2.5 percent for seasonap employees to 10 percent for It will be offset partially by a grantinbg of stock-based incentive compensatiobn for all full-time employees, rangingt from 1.5 percent to 7.5 percent of salaries. Resort-related earnings fell 8.3 percent from last year a $9.6 million decline — as out-of-state and overnight visitorsa were less likely to come tothe company’z five mountain resort properties and to spend less money when they did show up.
The Broomfield-base company (NYSE: MTN) operates the Breckenridge, Keystone and Beaver Creek winter resorts in Coloradko and Heavenly Mountain Resorft onthe California-Nevada border. “Our second quartetr resort segment results, which encompass the first part of the ski reflect the impact of the severe downturbn inthe economy,” Vail Resorts CEO Rob Katz said in a Katz, who announced he will receive no salar y for one year and then take a 15 percent pay cut, added that the February through April which is when Vail Resorts typically gets its most could show bigger revenue “We do expect that for the remaindee of the fiscal year the trensd of our results to the priod year will worsen from the resultw realized in the second quarter,” he said.
“Thiz is due primarily to the third quarter being a historicallyu larger revenue quarter than the second quarterr with he continuing negative trends having agreatert impact.” From November through January, lift-ticket revenuw fell $6.8 million or 5.1 percent, while revenues for the company’s ancillary businesses dropped even more. Ski school revenue decreased 17.6 percent, dining revenue fell 11.4 percenrt and retail and rental revenu droppedby 11.3 percent. Lodging revenue rose by $6.8 millioj or 18.2 percent, due largely to the opening of the Arrabellee resort in Vail and the acquisition of the Coloradp Mountain Express airportshuttle service.
Without thoses two factors, lodging segment revenue would have decreasexdby 13.2 percent as both destinationj visitors and group-room nights declined, Katz said. One brightt spot in the second-quarter fiscal report was an 18.2 increaswe in season-pass revenue, leading to a 0.9 percent increase in skier visitsat Vail’s four Colorado Because of that, the percentage of in-statse visitors schussing down the slopes increased from 41 percent to 48 percent, Katz In response, the company announced it would offet its Epic Season Pass, allowing unlimited visit to the four site s as well as Arapahoe for the same $579 pric e next year as it charge d this year.
The offer is good through April 9, and purchasera must put down onlya $49 down with the balance due in September, Katz Vail Resorts also announceed that Katz has been named chairman of the company’s boarcd of directors.

Wednesday, November 7, 2012

Poll: Will someone knock off Oregon? - ESPN (blog)

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Poll: Will someone knock off Oregon?

ESPN (blog)


Poll: Will someone knock off Oregon? November, 6, 2012. Nov 6. 7:00. PM ET. By Kevin Gemmell | ESPN.com. Recommend0 · Tweet0 · Comments0 · Email · Print. Oregon's path is clear. Win out, and there is a (fictitiously estimated) 94.393 percent chance the ...



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Monday, November 5, 2012

Consumer confidence falls in June - San Francisco Business Times:

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The Conference Board’s Consumer Confidence Index droppedto 49.3, comparedd with 54.8 in May, the most recengt evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unitedx States, making a decline in consumer confidencwe a worry from Main Street to Wall Consumers are downbeat when it comesz to the short- and long-term outlook with the The Present Situation Index basically, how do you feel today dropped to 24.8 this month, from 29.7 in May. And consumersx are glum about the nextsix months, with the Expectations Inded falling to 65.5, from 71.5 in May.
The Presenft Situation Index declinewas “caused by a less favorablr assessment of business conditions and employment, (and) continuea to imply that economic while not as weak as earlierf this year, are nonetheless weak,” director Lynn Franclo said in a news release Tuesday. Consumer confidence plummetedr toa record-low 25.3 in February. The economy has strong growtgh when the indexreaches 100. The Conferencde Board contacts 5,000 households for the monthlhy index.

Sunday, November 4, 2012

Sierra College program gets $1M endowment - The Business Journal of Milwaukee:

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The college’s program, also known as OLLI, received the $1 millioj endowment from the BernardOsher Foundation, which is the organization that has providecd initial funding to OLLI programs at 122 colleges and universities nationwide. Sierrs College is the only community college in Californiq and one of only three communitg colleges in the nationb to receivethe $1 million endowment. The Rocklin college receivedx the endowment because it has been so successfu l with growing enrollment since launchinfg the program in springof 2001. Sierrq College has grown the prograjmto 5,580 enrollees last year, from 1,038 in 2001. Sierra College is scheduled to formally announce the endowmentJune 18.
This $1 milliom endowment will provide an ongoing budger that will enable the collegd to offer lifelong learning programs in The foundation created by San Francisco philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 million endowmentf once they demonstrate potential for success and sustainability. OLLI programsa provide classes, lectures and events to older adultes who have a thirst for knowledgweand community. The classes are designed for adultas age 55and over, but the Sierraw program accepts any adult student. Courses are offeredc at each of the Sierrw College campuses and at various communityt sites throughout Placer andNevada counties.
Sierra College’sd OLLI noncredit offerings are Additional topics are offered throughClub OLLI, wheres annual membership fees are $35. As the Business Journal reported in a featured on local OLLI programs in other OLLI programs can be found at Californiwa State University Sacramento and at the UC Davis Much of the increasedd demand for OLLIs and similar lifelong learning programsz can be attributed to the growinv ranks ofolder Americans.

Saturday, November 3, 2012

Sunrise Senior Living prepares Jacksonville home for Alzheimers patients - Jacksonville Business Journal:

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plans to open the 65,000-square-foot facilityh this fall at 4870 Belfort Road nextto St. Luke’zs Hospital. The assisted living and Alzheimer’s care facilityy will be able to offer more than 90 residentxs a variety of amenitiesand services. “Sunriser is excited to bring this new community to Jacksonville and believesthe area’s demographics make it a grea t place for its first community in Northeasyt Florida,” company spokeswoman Sara Krueger said of the new location. Referreed to as one of the company’ds “mansion projects” because of its home-like setting, the facility will also offefr a special program for those with onsetmemor loss.
McLean, Va.-based Sunrise Senior Living (NYSE: SRZ) operateds about 450 facilities aroundthe U.S., the United Kingdom and Germany, includinbg eight others in Florida. But the companuy has struggled financially in recent reporting a fourth quarter 2008 lossof $305.67 million and announcing that if it did not restructurw its debts to the satisfaction of its creditors it woulsd be forced to file for bankruptcy according to the Washington Businessz Journal. The company struck a new deal with lenders at the end of Aprilo and in May announceda cost-savingss plan that included laying off 150 employees, mostly at the company headquarters, and terminating the chief financial officer.
Sunrise Senior Living reportec less of a loss in the firs tquarter 2009, losing $18.2 million, or 36 cents per dilutedx share, compared with a net loss of $33.1 or 66 cents per diluted share in the first quarter 2008. Accordingy to the company’s latest earnings report, as of March Sunrises Senior Living had 14 communities under construction in Northu America andthe U.K. Sunrise of Jacksonvills started construction in December 2007 and when complete will emploh 75 to100 people. A company representatived declined comment on the cost of construction for the new facilituy in Jacksonville or planz for any future Sunrisee Senior Living facilities inthe area.
Glen Palmer, the Colliers Dickinson vice president who helped the compangy find the land tobuild on, said the compan y was at one point looking for multiple piece s of land in the area but stopped future developmenft plans because of the declining “We are fortunate to have this mansion care facility in Palmer said. “I expect that once the economy improvez and residentialsales return, Sunrise will consideer additional locations in Northeast Florida as they had originally

Thursday, November 1, 2012

Tom Brady: Bye week a great time to self-evaluate - Boston.com

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TSN


Tom Brady: Bye week a great time to self-evaluate

Boston.com


With eight games in the can, eight games in front, and a couple of days to spare, the 5-3 Patriots have a great opportunity to evaluate themselves both individu »