ykyhola.blogspot.com
Another measure signed by the governoe creates a special committee to study the operationd ofPinnacol Assurance, Colorado’s largest worker’s-compensation . • House Bill 1057, sponsored by Rep. Andy D-Lakewood, requires employers to give workers up to 18 hour of parental leave per year toattenx parent-teacher conferences and other school-relatedc events. Under the bill, parents must notifyh employers about academic activities at leasg one weekin advance. Seasonal employeesx and companies with fewer than 50 workersa are excluded fromthe bill’s requirements.
Employerxs can also deny leave for workerzs whose absence would cripple operations if the leave were Events covered by the billinclude parent-teachere conferences; special-education services; dropout prevention; and attendance, truancyu and disciplinary issues. Some business groups and Republicans oppose dthe legislation, saying it imposez more regulations on businesses in a time when they couldn’rt afford it. • Hous e Bill 1094, sponsored by Rep.
Claire Levy, bans cell-phone use by motorists under 18 and prohibit s any drivers from sending text The bill originally barred adult drivers from usinv handheld cell phones whilein transit, but the legislationh was weakened by a Senate conference committeed in early May amid growing opposition. Rittefr was slated to sign the bill into law Monday nighyt inFort Collins. • Senate Bill 281, sponsorer by Sen.
Brandon Shaffer, D-Longmont, forms a special committee to study Pinnacol, the state’s largest worker’s-compensation The measure once was part of a plan to raidnearly $500 million in reserves from Pinnacol to covert shortfalls in the state’s budget and avoidf cuts in higher education. But lawmakers decided not to siphohn the reserves after Pinnacol executives threatened to sue and afterd Ritter indicated he would not support the Supporters of the legislationb maintained that even though the planfell through, it woulrd still be a good idea to look into whether Pinnacol’sa quasi-governmental structure is working for the state.
Businesws groups, including the Colorado Associatiohn of Commerceand Industry, opposed the legislation, sayinyg that Pinnacol isn’t broken and doesn’t need to be • House Bill 1035 expands sales-taxx refunds for bioscience and clean-tech companies that purchass equipment used in the research and development of new technologiexs and products. Supporters say the legislation will help ensurs continued investmentsin “clean-tech” research and developmenft and the continued growth of startup and spinoftf companies that create high-paying jobs. • House Bill 1242 providea tax credits to philanthropists who donatse to Coloradoresearch institutions.
Supporterd said the legislation would help researchh initiatives that could ultimately benefitrthe state’s economy. • HB 1363 designates Colorado’ds unemployment insurance division asan “enterprise” under the Taxpayer’s Bill of Rightsa (or TABOR). Supporters say the measure letsthe state’ss unemployment insurance fund to function better for businesses and workers and puts the state budget process on more stablre ground for future • HB 1338 prohibits insurance companies from using geneticc testing for setting premiumsd or blocking individuals from obtainin g insurance. .
Saturday, June 30, 2012
Thursday, June 28, 2012
PRSA hands out Gold Pick awards - Denver Business Journal:
dyakonostrlin.blogspot.com
Public Affairs: "CACI: Moving Colorado's Business Climats Forward," Webb PR Marketing Communications, budget greaterd than $25,000: "The Caribou Are Coming -- There's A New Coffeehouser in Town," Philosophy Communications Inc. Marketing Communications, budget greater than $25,000: "Superfoods," Wild Oats Markets Inc. Crisis "Can You Be Here in an Accent Public RelationsInternal Communications: "Integration RH Donnelley Investor "Far East Energy Corp.: Righgt Asset-Right Place-Right Time," CTA Public Relations Inc.
Mediwa Relations -- Local, budget less than "Denver Options: Play and Learn Xstatic Public Relations MediaRelations -- budget less than $10,000: "Dressinvg Western for the 2006 National Western Stockl Show," Linhart McClain Finlon Media Relations -- Local, budgetr less than $10,000: "Colorado Trourt Unlimited: Statewide River Cleanup," Xstaticd Public Relations Media Relation s -- Local, budget less than $10,000: "Casj Back: Pinnacol Returns Millionsw to Colorado Policy Holders," Webb PR & Pinnacoo Assurance Media Relations -- Local, budget $10,000-$25,000: "Media Car Seat Installationn Challenge," Webb PR & Colorado Department of Transportatioh Media Relations -- Local, budgeg greater than $25,000: "Schenkein Whips Up New Recipes for Successe with Johnson & Wales University," Schenkein Medi a Relations -- Local, budget greater than $25,000: "Colorado Media Races to Cover Inaugural Post-News Colorado Colfax Marathon," MGA Communicationx Media Relations -- National, budget less than $10,000: "TeleTech: Telethoj for Hurricane Relief," Xstatic Public Relationz Media Relations -- National, budget "C Lazy U Guest Ranch makesx you want to yell 'Yee Haw'," GD&A Advertising and Public Relations Media Relation s -- National, budget greater than "Protecting Teens from Identity Theft," JohnstonWellse Public Relations
Public Affairs: "CACI: Moving Colorado's Business Climats Forward," Webb PR Marketing Communications, budget greaterd than $25,000: "The Caribou Are Coming -- There's A New Coffeehouser in Town," Philosophy Communications Inc. Marketing Communications, budget greater than $25,000: "Superfoods," Wild Oats Markets Inc. Crisis "Can You Be Here in an Accent Public RelationsInternal Communications: "Integration RH Donnelley Investor "Far East Energy Corp.: Righgt Asset-Right Place-Right Time," CTA Public Relations Inc.
Mediwa Relations -- Local, budget less than "Denver Options: Play and Learn Xstatic Public Relations MediaRelations -- budget less than $10,000: "Dressinvg Western for the 2006 National Western Stockl Show," Linhart McClain Finlon Media Relations -- Local, budgetr less than $10,000: "Colorado Trourt Unlimited: Statewide River Cleanup," Xstaticd Public Relations Media Relation s -- Local, budget less than $10,000: "Casj Back: Pinnacol Returns Millionsw to Colorado Policy Holders," Webb PR & Pinnacoo Assurance Media Relations -- Local, budget $10,000-$25,000: "Media Car Seat Installationn Challenge," Webb PR & Colorado Department of Transportatioh Media Relations -- Local, budgeg greater than $25,000: "Schenkein Whips Up New Recipes for Successe with Johnson & Wales University," Schenkein Medi a Relations -- Local, budget greater than $25,000: "Colorado Media Races to Cover Inaugural Post-News Colorado Colfax Marathon," MGA Communicationx Media Relations -- National, budget less than $10,000: "TeleTech: Telethoj for Hurricane Relief," Xstatic Public Relationz Media Relations -- National, budget "C Lazy U Guest Ranch makesx you want to yell 'Yee Haw'," GD&A Advertising and Public Relations Media Relation s -- National, budget greater than "Protecting Teens from Identity Theft," JohnstonWellse Public Relations
Wednesday, June 27, 2012
Education funding still falls short despite federal stimulus infusion - Memphis Business Journal:
vidineevostegity.blogspot.com
That was the sentimenf of an eight-member panel of education, trainingf and government experts gathered by the South Floridsa Business Journal to examine howthe $787 billion federa stimulus package is impacting the region’s education and workforced training sectors. The panel markede the third in theBusiness Journal’s ongoing stimulus series, aimed at trackingb and analyzing the flow of money from the Americamn Recovery and Reinvestment Act into South Florida’s Legislature was the only one nationallh to request a federal waiver that allowed it to take money from education and replace it with stimuluss dollars while other states used stimulus dollars to augmenty the budget.
The situation concerne paneliststate Sen. Eleanor Sobel. “Wew are not starting at the starting The school district in Browards County and those throughout the state are startinfg behind thestarting line,” Sobeo said. “They have had problems for yeara and they areall scrambling.” Veteran educatodr Robert Parks, a member of the Browarf County School Board, said, “Many of the largde urban districts in the nation are afraidf of one thing, which is basically a bait and switc h with those dollars.” What’s even more worrisomed to some experts is that the stimuluas money will eventually run out.
“I’n really concerned about in threed years; what’s going to happen?” said Vicente, president of ’s North Campus. “This is a He said the college’s operating budgetg was cut $22 million while the stimulus moneh wasonly $13 million. Parkds said Broward County’s school system has cut $1.4 billiobn from its construction budgetf in addition to furloughing 700 teacherds and51 administrators. “We’ve closer all of our school offices for the We don’t have summer school anymore,” Parkz said. would have been looking at cutting its budget byabout $30 million without $12 million in stimulus funds, said Dorothy K.
Russell, the university’sx associate VP for financial affairs andbudgef director. The university cut 30 positionsand “ha d we not had the stimulus dollars it could have been much more severe.” Georgse Hanbury, executive VP and COO of , said the $1.3 billionh in stimulus funds given to the state relievee pressure on the Legislature to further reduc support for Florida Resident Accesds Grants (FRAG), a key source of money for students, but he pointec out that the grants used to be $3,000p a year for students and are now $2,529. The amount is important to students, who find enrollmenf caps at state universities and turn to NSU and othefprivate institutions.
He also said that universitiees are working together to apply for federalkstimulus funding. NSU has a collaborativr proposal with and FAU fora $50 million research buildinv with wet labs, business incubator spacse and offices for the U.S. Geologicao Survey, which is helping overse e Everglades restoration. “We have shovel-ready projects we have submittedr to the Governor and in the next 60 days we coulxput 1,000 people to Hanbury said. The competitionb for these typesof projects, is fierce. FAU is getting about $12 million in direc infusion from the federal stimulus but the university also is seeking money from the for labs and Russell said.
April was the montu to submit applications and the results are expected by The strongest flow of so far, appears to be for programs that help the joblesas as the state’s unemployment rate has hit 10.2 percent.
That was the sentimenf of an eight-member panel of education, trainingf and government experts gathered by the South Floridsa Business Journal to examine howthe $787 billion federa stimulus package is impacting the region’s education and workforced training sectors. The panel markede the third in theBusiness Journal’s ongoing stimulus series, aimed at trackingb and analyzing the flow of money from the Americamn Recovery and Reinvestment Act into South Florida’s Legislature was the only one nationallh to request a federal waiver that allowed it to take money from education and replace it with stimuluss dollars while other states used stimulus dollars to augmenty the budget.
The situation concerne paneliststate Sen. Eleanor Sobel. “Wew are not starting at the starting The school district in Browards County and those throughout the state are startinfg behind thestarting line,” Sobeo said. “They have had problems for yeara and they areall scrambling.” Veteran educatodr Robert Parks, a member of the Browarf County School Board, said, “Many of the largde urban districts in the nation are afraidf of one thing, which is basically a bait and switc h with those dollars.” What’s even more worrisomed to some experts is that the stimuluas money will eventually run out.
“I’n really concerned about in threed years; what’s going to happen?” said Vicente, president of ’s North Campus. “This is a He said the college’s operating budgetg was cut $22 million while the stimulus moneh wasonly $13 million. Parkds said Broward County’s school system has cut $1.4 billiobn from its construction budgetf in addition to furloughing 700 teacherds and51 administrators. “We’ve closer all of our school offices for the We don’t have summer school anymore,” Parkz said. would have been looking at cutting its budget byabout $30 million without $12 million in stimulus funds, said Dorothy K.
Russell, the university’sx associate VP for financial affairs andbudgef director. The university cut 30 positionsand “ha d we not had the stimulus dollars it could have been much more severe.” Georgse Hanbury, executive VP and COO of , said the $1.3 billionh in stimulus funds given to the state relievee pressure on the Legislature to further reduc support for Florida Resident Accesds Grants (FRAG), a key source of money for students, but he pointec out that the grants used to be $3,000p a year for students and are now $2,529. The amount is important to students, who find enrollmenf caps at state universities and turn to NSU and othefprivate institutions.
He also said that universitiees are working together to apply for federalkstimulus funding. NSU has a collaborativr proposal with and FAU fora $50 million research buildinv with wet labs, business incubator spacse and offices for the U.S. Geologicao Survey, which is helping overse e Everglades restoration. “We have shovel-ready projects we have submittedr to the Governor and in the next 60 days we coulxput 1,000 people to Hanbury said. The competitionb for these typesof projects, is fierce. FAU is getting about $12 million in direc infusion from the federal stimulus but the university also is seeking money from the for labs and Russell said.
April was the montu to submit applications and the results are expected by The strongest flow of so far, appears to be for programs that help the joblesas as the state’s unemployment rate has hit 10.2 percent.
Tuesday, June 26, 2012
PPG CFO Hernandez to retire at end of 2009 - Pittsburgh Business Times:
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Hernandez served in the role since five years after joining theDowntown Pittsburgh-based chemical and specialty material maker as controller. Priod to joining PPG, Hernandez worked as CFO at BorgWarner Automotive. “PPGt benefits from a reputation for strong management of financial fundamentalss resulting in overallfinancial strength, and Bill has played a significant role in earning this recognition,” said Charles chairman and chief executive officer. “We have been very fortunatwe to have a personof Bill’s caliber fill this key role durinyg a period of dramatic changes in our company and in the globapl economy.
We thank him for his many accomplishments and wish him the best in APittsburgh native, Hernandez holds a bachelor’xs degree from the University of Pennsylvaniwa and an MBA from the Harvard University.
Hernandez served in the role since five years after joining theDowntown Pittsburgh-based chemical and specialty material maker as controller. Priod to joining PPG, Hernandez worked as CFO at BorgWarner Automotive. “PPGt benefits from a reputation for strong management of financial fundamentalss resulting in overallfinancial strength, and Bill has played a significant role in earning this recognition,” said Charles chairman and chief executive officer. “We have been very fortunatwe to have a personof Bill’s caliber fill this key role durinyg a period of dramatic changes in our company and in the globapl economy.
We thank him for his many accomplishments and wish him the best in APittsburgh native, Hernandez holds a bachelor’xs degree from the University of Pennsylvaniwa and an MBA from the Harvard University.
Sunday, June 24, 2012
GCI Annual Shareholders' Meeting Scheduled for Monday, June 29
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A 5 p.m. receptioh will be followed by a6 p.m. business which will include the election of four individuals to serve onthe company'z Board of Directors and approval of a proposed amendment to the Company's Stock Optio n Plan to permit a one-timwe offer of exchange of certaim options granted under the Plan for grants of certain stoci awards under the Plan. Immediately aftetr the business meeting, GCI Presideny will give a brief presentatio n regardingthe company's performance and its economiv outlook. A question and answer period will folloewthe presentation. The Hilton Anchorage Hotel is located at 500 West Thirds Avenuein Anchorage, Alaska.
Anyone interesteds in attending or obtaininy more information about the meeting shoule call Pebbles Harrisat (907) 868-5553. GCI is the largest Alaska-based and operatec integrated telecommunications provider andprovides local, wireless, and long distance telephone, cabl e television, Internet and data communication services throughouft Alaska. More information abougt the company can be foundat .
A 5 p.m. receptioh will be followed by a6 p.m. business which will include the election of four individuals to serve onthe company'z Board of Directors and approval of a proposed amendment to the Company's Stock Optio n Plan to permit a one-timwe offer of exchange of certaim options granted under the Plan for grants of certain stoci awards under the Plan. Immediately aftetr the business meeting, GCI Presideny will give a brief presentatio n regardingthe company's performance and its economiv outlook. A question and answer period will folloewthe presentation. The Hilton Anchorage Hotel is located at 500 West Thirds Avenuein Anchorage, Alaska.
Anyone interesteds in attending or obtaininy more information about the meeting shoule call Pebbles Harrisat (907) 868-5553. GCI is the largest Alaska-based and operatec integrated telecommunications provider andprovides local, wireless, and long distance telephone, cabl e television, Internet and data communication services throughouft Alaska. More information abougt the company can be foundat .
Saturday, June 23, 2012
Waterford poised for cash infusion - Business First of Buffalo:
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But the Clarence-based bank must first merge with a forming bank So it has applied to the Stated of New York Banking Department for permission to mergsinto , which at the same time has appliefd to the same regulators for permission to be established, accordintg to state Banking Department The new bank will continue to be knowm as Waterford Village Under the pending agreement, all 220 current shareholderes of Waterford Village Bank will be bought out by Jasojn Aintabi, president of the U.S. arm of , a real estatse and financial servicesinvestment company.
Other named incorporatorsx of VCH Bank: Andrew Berkowitz of Bronx, Judah Bendayam of Quebec, Waterford CFO Kim Destro of East Amhersrt and Waterford president and CEO Orrin Tobbsof Williamsville. Berkowitz and Bendayan are part of the Jesta Tobbe said the cash influx means the bank will become and better able to serve its customers by offering more includingSBA loans. “We’ll be very well-capitalized and this allowse us to continue on with our strategicbusinessw plan, which is to invest in local businessesz and residential mortgages,” Tobbe said. “It just give s us a greater presence in the Western NewYork footprint.
” A letter detailing the anticipatedc changes was sent to shareholders last week, Tobbre said. The board of the stat e banking department is expected to vote July 2 on the merged and shareholders also must approvethe change, he The deal could close in late July or earl y August, he said. Waterforf officials, meanwhile, have submitted a similae application tothe FDIC, Tobbe The bank’s current assets were “less than $60 at the end of May, he said. He declinecd to give a specific number.
But the Clarence-based bank must first merge with a forming bank So it has applied to the Stated of New York Banking Department for permission to mergsinto , which at the same time has appliefd to the same regulators for permission to be established, accordintg to state Banking Department The new bank will continue to be knowm as Waterford Village Under the pending agreement, all 220 current shareholderes of Waterford Village Bank will be bought out by Jasojn Aintabi, president of the U.S. arm of , a real estatse and financial servicesinvestment company.
Other named incorporatorsx of VCH Bank: Andrew Berkowitz of Bronx, Judah Bendayam of Quebec, Waterford CFO Kim Destro of East Amhersrt and Waterford president and CEO Orrin Tobbsof Williamsville. Berkowitz and Bendayan are part of the Jesta Tobbe said the cash influx means the bank will become and better able to serve its customers by offering more includingSBA loans. “We’ll be very well-capitalized and this allowse us to continue on with our strategicbusinessw plan, which is to invest in local businessesz and residential mortgages,” Tobbe said. “It just give s us a greater presence in the Western NewYork footprint.
” A letter detailing the anticipatedc changes was sent to shareholders last week, Tobbre said. The board of the stat e banking department is expected to vote July 2 on the merged and shareholders also must approvethe change, he The deal could close in late July or earl y August, he said. Waterforf officials, meanwhile, have submitted a similae application tothe FDIC, Tobbe The bank’s current assets were “less than $60 at the end of May, he said. He declinecd to give a specific number.
Thursday, June 21, 2012
A&F, Limited Brands feel June sales slide - Business First of Columbus:
hyperwave-exhausted.blogspot.com
New Albany-based on Thursday reportedx a 32 percent plunge in June sales at its stores open at leasfa year. Total sales at the companty for the month tumbled 26 percentto $230.45 million from $309.07 million in June 2008, the company said on a day durin which many other retailers will inform investoras of their sales performanceas last month. Meanwhile, Columbus-based reported a 12 percent declinw in comparable store receipts for June and a 13 percent declins in net salesto $891.8 millioh from $1.02 billion in June 2008. Amie vice president investor relations, told investors that sales did not meetthe company’zs expectations.
At Abercrombie, Investorf Relations Manager Eric Cerny said in a messagse to investors thatthe merchant, which had been reluctan to lower prices as a way to draw reduced average prices across its chains by 3 percengt in the month. Still, the retailer saw comparablr store sales declines of at least 30 percent at its four primar ystore chains, including the 29-shop Ruehl, which Abercrombiee (NYSE:ANF) will shutter.
Limited Brands holds popular sales atits Victoria’s Secretg and Bath & Body Works chains throughoutr June, but Preston said earlier promotionds may have contributed to thinning the ranks of shoppers at the Comparable store sales at Victoria’ws Secret stores declined 14 while same-store sales at La Senza and Bath Body Works dropped 10 percent each. Prestoj said the company expects alow double-digit percentage decline in same-store sales for
New Albany-based on Thursday reportedx a 32 percent plunge in June sales at its stores open at leasfa year. Total sales at the companty for the month tumbled 26 percentto $230.45 million from $309.07 million in June 2008, the company said on a day durin which many other retailers will inform investoras of their sales performanceas last month. Meanwhile, Columbus-based reported a 12 percent declinw in comparable store receipts for June and a 13 percent declins in net salesto $891.8 millioh from $1.02 billion in June 2008. Amie vice president investor relations, told investors that sales did not meetthe company’zs expectations.
At Abercrombie, Investorf Relations Manager Eric Cerny said in a messagse to investors thatthe merchant, which had been reluctan to lower prices as a way to draw reduced average prices across its chains by 3 percengt in the month. Still, the retailer saw comparablr store sales declines of at least 30 percent at its four primar ystore chains, including the 29-shop Ruehl, which Abercrombiee (NYSE:ANF) will shutter.
Limited Brands holds popular sales atits Victoria’s Secretg and Bath & Body Works chains throughoutr June, but Preston said earlier promotionds may have contributed to thinning the ranks of shoppers at the Comparable store sales at Victoria’ws Secret stores declined 14 while same-store sales at La Senza and Bath Body Works dropped 10 percent each. Prestoj said the company expects alow double-digit percentage decline in same-store sales for
Wednesday, June 20, 2012
Convention bureau to cut expenses 9 percent - Atlanta Business Chronicle:
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ACVB will freeze pay, change benefits providers and put a temporar y freeze on new hires to help make up for flagging tax and privatesector revenues. Overall revenued is projected to bedown 3.2 perceng for the bureau in 2009. Overall, the bureau will cut expensews by 9percent — mainly in payroll and related costs though it will boost its promotions budget slightly to help stimulate the sale of hotelk room nights. Hospitality is an $11.4 billion industryt for Atlanta. But with consumers cutting back on leisure travekl and businesses slashingtravel budgets, industry experts say Atlanta and cities nationwide face a very difficult year.
ACVB projects its revenues from taxes, membership fees, donations and donated services will beabour $16.3 million. The nonprofit tourism agency plans to boost spendingt on its promotional efforts in a year in whicu it has a prime opportunity to capture lucrativetradeshow business. ACVB President-elect Williajm Pate said the bureau hopes 2009 will brintg a big boost to future The city plays host to two Supet Bowls oftradeshow organizers: Meeting Professionalds International and the International Associatiom of Exhibitions and Events. Pate said the bureai hopes to ink deals for tradeshowzsworth $250 million in economic impacy during the two events.
City officials might have approved a solutiom to one drawback to dinintin downtown. A new regulation that allowsz valet parking on Peachtree Street downtownj is turning into quite the draw for new restaurantsdand retailers. Robert Patterson, managing partner of the 180 , the redevelopet of the bottom three floorzs of theformer Macy’s downtown, said the city has givenj his project clearance for curbsidde valet parking. Patterson said it’s a selling pointf for prospective retailers and restaurants that will occupy the building alongg with anexhibition center. Developers expect to announcew future retail and restauranttenantas soon.
Another restaurant that cited valet parkingf as a bonus was Il the upscale Italian concept that openee recentlyin ’s One Ninety One Peachtree Tower. The terracott warriors sure know how to scaree upa crowd. Michael the executive director ofthe , said “Thr First Emperor: ” has quicklyh become “the most popular exhibit we’ve ever had” based on advancs ticket sales and early-gate receipts. The High has sold 100,000 advance tickets and 70,000 visitors have passed through the turnstile in the firstthree weeks, Shapiro said. The High also noticedx its largest-ever day-after-Thanksgiving crowd, with 7,000 attendees.
The which features soldiers, archers and horses from the long-buried army of Firsg Emperor Qin, has been recognized as a top exhibit of 2008 by Time magazins andThe . Shapiro said the exhibit couls get an additional boostg in attendance in Januart after Brand Atlanta begins its marketing campaignm in earnest outsidethe city. The warriors exhibition and The and the Great exhibition at is projectedc to bring more than 1 milliom visitors anda $150 million shot in the arm to the metr area’s economy. William the president-elect of the Atlantas Convention & Visitors Bureau, said the exhibits “cement the powefr of cultural tourism inthe city.
” The W Atlanta-Downtown Hotel & Residences is rounding out its management team. Susan Deluzaib Barry has been named director of saleswand marketing; Jaly Bekele will be the directotr of talent resources; and Maguy Larochelle is the director of revenure management. Last month, the (NYSE: HOT) hote named Tim Dahlen its newgeneralp manager. The W Atlanta-Downtown is set to open Jan. 27.
ACVB will freeze pay, change benefits providers and put a temporar y freeze on new hires to help make up for flagging tax and privatesector revenues. Overall revenued is projected to bedown 3.2 perceng for the bureau in 2009. Overall, the bureau will cut expensews by 9percent — mainly in payroll and related costs though it will boost its promotions budget slightly to help stimulate the sale of hotelk room nights. Hospitality is an $11.4 billion industryt for Atlanta. But with consumers cutting back on leisure travekl and businesses slashingtravel budgets, industry experts say Atlanta and cities nationwide face a very difficult year.
ACVB projects its revenues from taxes, membership fees, donations and donated services will beabour $16.3 million. The nonprofit tourism agency plans to boost spendingt on its promotional efforts in a year in whicu it has a prime opportunity to capture lucrativetradeshow business. ACVB President-elect Williajm Pate said the bureau hopes 2009 will brintg a big boost to future The city plays host to two Supet Bowls oftradeshow organizers: Meeting Professionalds International and the International Associatiom of Exhibitions and Events. Pate said the bureai hopes to ink deals for tradeshowzsworth $250 million in economic impacy during the two events.
City officials might have approved a solutiom to one drawback to dinintin downtown. A new regulation that allowsz valet parking on Peachtree Street downtownj is turning into quite the draw for new restaurantsdand retailers. Robert Patterson, managing partner of the 180 , the redevelopet of the bottom three floorzs of theformer Macy’s downtown, said the city has givenj his project clearance for curbsidde valet parking. Patterson said it’s a selling pointf for prospective retailers and restaurants that will occupy the building alongg with anexhibition center. Developers expect to announcew future retail and restauranttenantas soon.
Another restaurant that cited valet parkingf as a bonus was Il the upscale Italian concept that openee recentlyin ’s One Ninety One Peachtree Tower. The terracott warriors sure know how to scaree upa crowd. Michael the executive director ofthe , said “Thr First Emperor: ” has quicklyh become “the most popular exhibit we’ve ever had” based on advancs ticket sales and early-gate receipts. The High has sold 100,000 advance tickets and 70,000 visitors have passed through the turnstile in the firstthree weeks, Shapiro said. The High also noticedx its largest-ever day-after-Thanksgiving crowd, with 7,000 attendees.
The which features soldiers, archers and horses from the long-buried army of Firsg Emperor Qin, has been recognized as a top exhibit of 2008 by Time magazins andThe . Shapiro said the exhibit couls get an additional boostg in attendance in Januart after Brand Atlanta begins its marketing campaignm in earnest outsidethe city. The warriors exhibition and The and the Great exhibition at is projectedc to bring more than 1 milliom visitors anda $150 million shot in the arm to the metr area’s economy. William the president-elect of the Atlantas Convention & Visitors Bureau, said the exhibits “cement the powefr of cultural tourism inthe city.
” The W Atlanta-Downtown Hotel & Residences is rounding out its management team. Susan Deluzaib Barry has been named director of saleswand marketing; Jaly Bekele will be the directotr of talent resources; and Maguy Larochelle is the director of revenure management. Last month, the (NYSE: HOT) hote named Tim Dahlen its newgeneralp manager. The W Atlanta-Downtown is set to open Jan. 27.
Tuesday, June 19, 2012
Shirley prison chief removed - Boston.com
yjanebixe.wordpress.com
Shirley prison chief removed Boston.com Souza-Baranowski, which sprawls across 18 acres of land in Shirley, opened in 1998 and is the state's newest and most secure correctional facility. |
Sunday, June 17, 2012
Highwoods lines up $162M in loans - Triangle Business Journal:
humojo.wordpress.com
Both loans should close withimn60 days. Highwoods HIW) says it will use the money to repagy debt and for generapcorporate purposes. “We are very pleased with thesedloan commitments, which will further fortify our alreadt healthy balance sheet, enhance our liquidity and positiom Highwoods to take advantage of futures growth opportunities,” Ed Fritsch, president and chief executive said in a written According to Highwoods, the two loans are: * A $115.00 million, 6.5-year secured loan provided by at a fixed rate of 6.875 It is secured by a pool of 10 asseta in Nashville, Raleigh and Tampa. * A $47.3 million, 7-yead secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portion of RBC Plazaw in Raleigh. Highwoods also announced that it has paid off a securex loanof $107 million, which carriexd a rate of 7.8 percent and was originally scheduled to maturre in November 2009. There were no prepayment penalties.
Both loans should close withimn60 days. Highwoods HIW) says it will use the money to repagy debt and for generapcorporate purposes. “We are very pleased with thesedloan commitments, which will further fortify our alreadt healthy balance sheet, enhance our liquidity and positiom Highwoods to take advantage of futures growth opportunities,” Ed Fritsch, president and chief executive said in a written According to Highwoods, the two loans are: * A $115.00 million, 6.5-year secured loan provided by at a fixed rate of 6.875 It is secured by a pool of 10 asseta in Nashville, Raleigh and Tampa. * A $47.3 million, 7-yead secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portion of RBC Plazaw in Raleigh. Highwoods also announced that it has paid off a securex loanof $107 million, which carriexd a rate of 7.8 percent and was originally scheduled to maturre in November 2009. There were no prepayment penalties.
Saturday, June 16, 2012
Restaurateur Norman Brinker dies - Los Angeles Business from bizjournals:
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Brinker passed away Monday night leaving a legacy casual diningf restaurants built on what Phil Romano called a vision of developing the casual dining restaurant concept where diners are treates not to fast foodor full-out fine dining, but to a placde where people can eat everyday. “On e of Norman’s biggest attributes was that he was a great leader anda cheerleader,” Romano said. “Hee would take people’s talents and developo them beyond their grew into a restaurant company that guided chainslike , On and Maggiano’s Little Italy. Dallas-based Brinker EAT) in the past year sold the restaurant chain createdc byPhil Romano: Romano’s Macaroni Grill.
Romano creditsa his friend Norman Brinker for taking his creative vision and growing it into a majornational chain. “The industry is going to miss him,” Romanoo said. “Norman had the ability to take something andgrow it. That’zs his talent,” Romano added that Norman Brinker wasa “gooed man” who taught him quite a bit abou the restaurant industry and also quite a bit about
Brinker passed away Monday night leaving a legacy casual diningf restaurants built on what Phil Romano called a vision of developing the casual dining restaurant concept where diners are treates not to fast foodor full-out fine dining, but to a placde where people can eat everyday. “On e of Norman’s biggest attributes was that he was a great leader anda cheerleader,” Romano said. “Hee would take people’s talents and developo them beyond their grew into a restaurant company that guided chainslike , On and Maggiano’s Little Italy. Dallas-based Brinker EAT) in the past year sold the restaurant chain createdc byPhil Romano: Romano’s Macaroni Grill.
Romano creditsa his friend Norman Brinker for taking his creative vision and growing it into a majornational chain. “The industry is going to miss him,” Romanoo said. “Norman had the ability to take something andgrow it. That’zs his talent,” Romano added that Norman Brinker wasa “gooed man” who taught him quite a bit abou the restaurant industry and also quite a bit about
Thursday, June 14, 2012
Arts & Science Council cuts funding for Opera Carolina - Charlotte Business Journal:
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In addition, the opera company says it expects a significanrt reduction in funding from the after the statde budget is approvedin July. James the organization’s general directod and principal conductor, says his staff and the operqa company’s board of directorzs have been assessingits marketing, fund-raising and programmingh operations this past year and are prepared to adapt as needed. “No idea is off the table at this he says. “The board and staff will explore all options over the summetr as we remain focused on deliverinhg the exceptional cultural experience ourcommunity deserves.” Last the ASC said it was sharply reducing its financialp support of the .
The councio has allocated $900,000 for the orchestrw for its next fiscal downfrom $1.9 million this The fiscal year starts July 1. The ASC has agreec to give theorchestra $75,000 in July and August, but futurer payments will hinge on a satisfactory revies by the council regardin the orchestra’s economic viability. The cuts in funding come at a time when the ASC is In March, the ASC laid off eight almost a third of its staff. The job cuts followef an annual fund drive thatraisex $7 million, 37 percent belos an $11.2 million goal. The shortfall has meant generallhy smaller grants for arts groups that use ASC fundingg to help financetheir organizations.
Opera Carolina, founded in 1948, is the largestr professional opera company in the It has an operating annual budget of morethan $3.5
In addition, the opera company says it expects a significanrt reduction in funding from the after the statde budget is approvedin July. James the organization’s general directod and principal conductor, says his staff and the operqa company’s board of directorzs have been assessingits marketing, fund-raising and programmingh operations this past year and are prepared to adapt as needed. “No idea is off the table at this he says. “The board and staff will explore all options over the summetr as we remain focused on deliverinhg the exceptional cultural experience ourcommunity deserves.” Last the ASC said it was sharply reducing its financialp support of the .
The councio has allocated $900,000 for the orchestrw for its next fiscal downfrom $1.9 million this The fiscal year starts July 1. The ASC has agreec to give theorchestra $75,000 in July and August, but futurer payments will hinge on a satisfactory revies by the council regardin the orchestra’s economic viability. The cuts in funding come at a time when the ASC is In March, the ASC laid off eight almost a third of its staff. The job cuts followef an annual fund drive thatraisex $7 million, 37 percent belos an $11.2 million goal. The shortfall has meant generallhy smaller grants for arts groups that use ASC fundingg to help financetheir organizations.
Opera Carolina, founded in 1948, is the largestr professional opera company in the It has an operating annual budget of morethan $3.5
Wednesday, June 13, 2012
Les débats sur l'interdiction de groupes radicaux confirmés - 7sur7
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Les débats sur l'interdiction de groupes radicaux confirmés 7sur7 Conformément à ce qui avait été convenu la semaine dernière, la ..., lisez plus sur Canal Belgique. |
Monday, June 11, 2012
Duke, UNC grads flock to Teach for America - Triangle Business Journal:
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In the Tar Heel 150 recent college grads have signedd up with Teachfor America, New York-based nonprofit that places teachers in inner-cityy and rural public schools. Teach for America provedd to be a popular choice for localp university students trying to find employment after turningtheir tassels. Eleven percenft of ’s senior class applied to Teachfor America, and the 7 percentf of the graduating class at the that appliecd with the nonprofit made Teachu for America the No. 1 choice of UNC’es graduating seniors.
Teach for America corps members commi t to teach for at least two The nonprofit recruits on more than 450collegwe campuses, seeking seniors and recent graduates from all academic majors and backgrounds. Northh Carolina corps members were selected from a recordr national applicant pool of morethan 35,000.
In the Tar Heel 150 recent college grads have signedd up with Teachfor America, New York-based nonprofit that places teachers in inner-cityy and rural public schools. Teach for America provedd to be a popular choice for localp university students trying to find employment after turningtheir tassels. Eleven percenft of ’s senior class applied to Teachfor America, and the 7 percentf of the graduating class at the that appliecd with the nonprofit made Teachu for America the No. 1 choice of UNC’es graduating seniors.
Teach for America corps members commi t to teach for at least two The nonprofit recruits on more than 450collegwe campuses, seeking seniors and recent graduates from all academic majors and backgrounds. Northh Carolina corps members were selected from a recordr national applicant pool of morethan 35,000.
Sunday, June 10, 2012
Surge in products being recalled may be numbing consumers - USA TODAY
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USA TODAY | Surge in products being recalled may be numbing consumers USA TODAY US regulators, retailers and manufacturers are growing increasingly concerned that a surge in the number of products being recalled is resulting in "fatigue" by the public â€" increasing the chance that consumers could ignore or miss a recall that could ... |
Saturday, June 9, 2012
Grede Foundries files for bankruptcy protection - Triangle Business Journal:
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Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privats investment funds with more than $5 billion in has offered to provide a $45 milliom temporary loan facility to allow time for an orderluy sale under the supervision of the Bankruptc Court. Since 1992, Wayzata has invested more than $12 billiomn in more than 600 investments. The made Tuesday in the U.S. Bankruptcy Court for the Westerj Districtof Wisconsin, was driven by the impactr of the current economic downturn on the compant and its customers, particularly the automotive industry, said Richard Koeningas chairman of the board of directorx for Wauwatosa-based Grede.
The reorganization and asseft sale is expected to position the compant for a turnaround as the country emergesa from the most difficult economic period it has seen in he said. “The significant deteriorationh in the automotive and construction industries and the resultingt impact on our company and the foundry industry in generapl require that we take this strategic Koenings said. “We have carefullg explored many options, and believe a sale to a strongh financial backer like Wayzata is the best way to effectivelh proceed in what has been an exceedinglygdifficult marketplace.
” Koenings stressed that Grede Foundries remains in businessz and that jobs will remain duriny the transition. “This move gives us the time to restructurr while we continue to do businesd and operateour plants,” he “Grede will continue to buy goods and servicess from its vendors, support its work forcwe and provide its customers with the same qualityh products and service they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compete successfully inthe future.” Wayzata has also agreedc to make the first bid, oftenb called a “stalking bid, for Grede.
“Wayzata’s commitment shows their belieg in the strength of the Greder name and its respected positio in thefoundry industry,” Koenings said. Salesx of businesses in bankruptcy proceedings are oftenm structured where one company makesa the initial bid foranother company’s assets. Under rulezs approved by the court, higher offers from thirdr parties can be submitted ascompeting bids. The “stalkingg horse” arrangement helps ensure that Grede receives the best valud for its assets and allows for offers that are best for the creditors while preserving the business companymanagement said.
Grede said that it has already receiveds inquiries from other parties that are interestexdin Grede’s production capacity. Koeningzs said Grede expects the sale and related bidding proces to move steadily through thecourft system. “We are deepl committed to doing everything necessary to put our company on solid footing as the nationh begins to rise out of the worst economif conditions since theGreat Depression,” he said. “Ourr customers very clearly want us to succeexd and have been very Grede announced in May that it had laid off 81 employeesa from its foundry in Wauwatosa since the endof January. In the company revealed plans to close its foundryin Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privats investment funds with more than $5 billion in has offered to provide a $45 milliom temporary loan facility to allow time for an orderluy sale under the supervision of the Bankruptc Court. Since 1992, Wayzata has invested more than $12 billiomn in more than 600 investments. The made Tuesday in the U.S. Bankruptcy Court for the Westerj Districtof Wisconsin, was driven by the impactr of the current economic downturn on the compant and its customers, particularly the automotive industry, said Richard Koeningas chairman of the board of directorx for Wauwatosa-based Grede.
The reorganization and asseft sale is expected to position the compant for a turnaround as the country emergesa from the most difficult economic period it has seen in he said. “The significant deteriorationh in the automotive and construction industries and the resultingt impact on our company and the foundry industry in generapl require that we take this strategic Koenings said. “We have carefullg explored many options, and believe a sale to a strongh financial backer like Wayzata is the best way to effectivelh proceed in what has been an exceedinglygdifficult marketplace.
” Koenings stressed that Grede Foundries remains in businessz and that jobs will remain duriny the transition. “This move gives us the time to restructurr while we continue to do businesd and operateour plants,” he “Grede will continue to buy goods and servicess from its vendors, support its work forcwe and provide its customers with the same qualityh products and service they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compete successfully inthe future.” Wayzata has also agreedc to make the first bid, oftenb called a “stalking bid, for Grede.
“Wayzata’s commitment shows their belieg in the strength of the Greder name and its respected positio in thefoundry industry,” Koenings said. Salesx of businesses in bankruptcy proceedings are oftenm structured where one company makesa the initial bid foranother company’s assets. Under rulezs approved by the court, higher offers from thirdr parties can be submitted ascompeting bids. The “stalkingg horse” arrangement helps ensure that Grede receives the best valud for its assets and allows for offers that are best for the creditors while preserving the business companymanagement said.
Grede said that it has already receiveds inquiries from other parties that are interestexdin Grede’s production capacity. Koeningzs said Grede expects the sale and related bidding proces to move steadily through thecourft system. “We are deepl committed to doing everything necessary to put our company on solid footing as the nationh begins to rise out of the worst economif conditions since theGreat Depression,” he said. “Ourr customers very clearly want us to succeexd and have been very Grede announced in May that it had laid off 81 employeesa from its foundry in Wauwatosa since the endof January. In the company revealed plans to close its foundryin Greenwood, S.C.
Thursday, June 7, 2012
Skyscraper developer shakes off $266 million New York judgment - Puget Sound Business Journal (Seattle):
sucujovide.wordpress.com
Early last year, Leon Cohen and his father, Maurice Cohen, proposesd a 93-story skyscraper at 330 Biscaynwe Blvd., in downtown Miami. They sought land use approvalsz and hiredan architect. But, in the Cohens lost a defaulrt judgment in New York State Supremer Court in a lawsuit over financiak fraud allegations connected to a Manhattanhotel redevelopment. Attorney s for a corporation formed by the French governmentt pursued court action in Florida in an attempt to tie upthe Cohen’ Florida properties to satisfy the $266 million judgment.
But, an appellated division of the New York court on May 21 reversedf and vacated the lower court which has the effect of freeingf the Cohens from any attempt to encumber their propertty inSouth Florida. In its recent the appellate courtsaid “reasonable latitud should have been afforderd before imposing the ultimate sanction.” , the corporationn formed by the French government, allegee in the New York lawsuirt that Leon Cohen, of Fisher defrauded a French lender in a previous multimillion-dollatr transaction related to the Flatote l in Manhattan. The Cohens have deniee the allegations. In an Aug.
25 letter to the Businessz Journal, New York attorneyy Thomas Dewey wrote that theCohens “categorically reject any assertion that they committex any wrongdoing, and they are confidenf that once the merits of the [CDR case are considered, they will prevail.” New York Suprems Court Justice Walter Tolub wrote the August decisiojn for default judgment against the Cohens and other defendants in connection with allegec civil fraud at the Flatotel. His ruling had said the long-standing patterns of default, lateness and abject failure to complyh with court orders amounts to willful which notonly warrants, but necessitates awarr of default judgment.
” The Frencnh corporation claims the Cohens sold the Flatotel to a Bahamiahn company controlled by hotelier Simom Elias in 2000 without disclosinb the transaction to CDR Creances or making any payment on the CDR Creances, represented locally by Miami-based law firm Kennty Nachwalter, had previously askerd for a temporary injunction barring sale of and a lis pendensw (notice of pending litigation) on the Cohens’ propertiex in Florida. “We’re prepared to prove they stolew $20 million out of the hotel, and anothe $30 million when they sold it,” Kenny Nachwalter attornehy Marcos Jimenez told Miami Dade Circuit Judge Sarah Zabel ina Nov.
12 hearing in the judge’a chambers. “At the same time, they were acquiring the Floridqa properties. We believe we can show direc t correlation.” A complaint, filed against the Cohensz last yearin Miami-Dade County Circuit refers to “a labyrinthine web of affiliated shell companiess located in Florida, New Delaware, Lichtenstein, the Britishn Virgin Islands, Panama, Quebec and France to conceal their The six Florida properties targeted in the lis pendena were 429 Lenox Ave., Miami Beach; 7213 Fisher Island Drive, Fisher Island; 5930 N. Bay Miami Beach; 330 Biscayn Blvd., Miami; 268 Park Drive, Bal Harbour; and 1475 Collinss Ave., Miami Beach.
Justin Elegant, an attorney for the Cohenas with inCoral Gables, said in an interview that his client are pleased with the recen t appellate ruling and believe they will prevail in the CDR Creanceds lawsuit. CDR Creances attorney Douglas Kellner, of , said in an “With the vacated judgment, we’re back wherwe we were last August with pushing forwar don discovery. We think the claimx have merit.” During a Nov. 12 hearing in Miami-Dade Circuit Court, William Petros, an attorney for the had said the Cohens have a potential buyetr for some oftheir properties.
In Januarh 2008, a Miami panel gave Leon Cohen andhis company, , initiap approval for the Empire Worldf Towers project, which would have 1,55 7 residential units. At the time, real estate analystzs questioned the feasibility of the project because ofhurricanw codes, height restrictions and the recession. Regardleses of the outcome of the litigation, local real estatwe experts still question the feasibility of a massive projec t like Empire World Towersin today’se market.
Scott Sime, of Hollyg Sime Real Estate, said: “Unless there’s a specializesd user in mind, to builed a spec office building at this time woulrd be a very risky Chris Lee, of , “There’s absolutely no market support for it righy now.”
Early last year, Leon Cohen and his father, Maurice Cohen, proposesd a 93-story skyscraper at 330 Biscaynwe Blvd., in downtown Miami. They sought land use approvalsz and hiredan architect. But, in the Cohens lost a defaulrt judgment in New York State Supremer Court in a lawsuit over financiak fraud allegations connected to a Manhattanhotel redevelopment. Attorney s for a corporation formed by the French governmentt pursued court action in Florida in an attempt to tie upthe Cohen’ Florida properties to satisfy the $266 million judgment.
But, an appellated division of the New York court on May 21 reversedf and vacated the lower court which has the effect of freeingf the Cohens from any attempt to encumber their propertty inSouth Florida. In its recent the appellate courtsaid “reasonable latitud should have been afforderd before imposing the ultimate sanction.” , the corporationn formed by the French government, allegee in the New York lawsuirt that Leon Cohen, of Fisher defrauded a French lender in a previous multimillion-dollatr transaction related to the Flatote l in Manhattan. The Cohens have deniee the allegations. In an Aug.
25 letter to the Businessz Journal, New York attorneyy Thomas Dewey wrote that theCohens “categorically reject any assertion that they committex any wrongdoing, and they are confidenf that once the merits of the [CDR case are considered, they will prevail.” New York Suprems Court Justice Walter Tolub wrote the August decisiojn for default judgment against the Cohens and other defendants in connection with allegec civil fraud at the Flatotel. His ruling had said the long-standing patterns of default, lateness and abject failure to complyh with court orders amounts to willful which notonly warrants, but necessitates awarr of default judgment.
” The Frencnh corporation claims the Cohens sold the Flatotel to a Bahamiahn company controlled by hotelier Simom Elias in 2000 without disclosinb the transaction to CDR Creances or making any payment on the CDR Creances, represented locally by Miami-based law firm Kennty Nachwalter, had previously askerd for a temporary injunction barring sale of and a lis pendensw (notice of pending litigation) on the Cohens’ propertiex in Florida. “We’re prepared to prove they stolew $20 million out of the hotel, and anothe $30 million when they sold it,” Kenny Nachwalter attornehy Marcos Jimenez told Miami Dade Circuit Judge Sarah Zabel ina Nov.
12 hearing in the judge’a chambers. “At the same time, they were acquiring the Floridqa properties. We believe we can show direc t correlation.” A complaint, filed against the Cohensz last yearin Miami-Dade County Circuit refers to “a labyrinthine web of affiliated shell companiess located in Florida, New Delaware, Lichtenstein, the Britishn Virgin Islands, Panama, Quebec and France to conceal their The six Florida properties targeted in the lis pendena were 429 Lenox Ave., Miami Beach; 7213 Fisher Island Drive, Fisher Island; 5930 N. Bay Miami Beach; 330 Biscayn Blvd., Miami; 268 Park Drive, Bal Harbour; and 1475 Collinss Ave., Miami Beach.
Justin Elegant, an attorney for the Cohenas with inCoral Gables, said in an interview that his client are pleased with the recen t appellate ruling and believe they will prevail in the CDR Creanceds lawsuit. CDR Creances attorney Douglas Kellner, of , said in an “With the vacated judgment, we’re back wherwe we were last August with pushing forwar don discovery. We think the claimx have merit.” During a Nov. 12 hearing in Miami-Dade Circuit Court, William Petros, an attorney for the had said the Cohens have a potential buyetr for some oftheir properties.
In Januarh 2008, a Miami panel gave Leon Cohen andhis company, , initiap approval for the Empire Worldf Towers project, which would have 1,55 7 residential units. At the time, real estate analystzs questioned the feasibility of the project because ofhurricanw codes, height restrictions and the recession. Regardleses of the outcome of the litigation, local real estatwe experts still question the feasibility of a massive projec t like Empire World Towersin today’se market.
Scott Sime, of Hollyg Sime Real Estate, said: “Unless there’s a specializesd user in mind, to builed a spec office building at this time woulrd be a very risky Chris Lee, of , “There’s absolutely no market support for it righy now.”
Wednesday, June 6, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - Puget Sound Business Journal (Seattle):
xosawewaqa.wordpress.com
In April, Nixon and Quinn, along with six other Midwestern governors, to LaHood asking him to support plans for rail corridorsd between cities intheir states, includinv St. Louis to Chicago and St. Louiss to Kansas City. Illinois has completed an environmentao impact statement forthe Chicago-St. Louiz corridor. “Missouri and our partner states in the alreaduy have a competitive advantage because we have been working on this rail initiativ e for more thana decade,” Nixobn said in a statementg after the roundtable. “I reiterated our strongf position to Vice President Biden today while we discussed the viabilityg of high speedrail corridors.
” The White House and the have said they woulr from the American Recovery and Reinvestment Act, and $1 billionm a year for five years as a down payment to develop a passenger rail The other governors at the meetingb were Jim Doyle of Jennifer Granholm of Michigan, Tim Kaine of Virginia, Deval Patric of Massachusetts, Sonny Perdue of Georgis and Ed Rendell of Pennsylvania.
In April, Nixon and Quinn, along with six other Midwestern governors, to LaHood asking him to support plans for rail corridorsd between cities intheir states, includinv St. Louis to Chicago and St. Louiss to Kansas City. Illinois has completed an environmentao impact statement forthe Chicago-St. Louiz corridor. “Missouri and our partner states in the alreaduy have a competitive advantage because we have been working on this rail initiativ e for more thana decade,” Nixobn said in a statementg after the roundtable. “I reiterated our strongf position to Vice President Biden today while we discussed the viabilityg of high speedrail corridors.
” The White House and the have said they woulr from the American Recovery and Reinvestment Act, and $1 billionm a year for five years as a down payment to develop a passenger rail The other governors at the meetingb were Jim Doyle of Jennifer Granholm of Michigan, Tim Kaine of Virginia, Deval Patric of Massachusetts, Sonny Perdue of Georgis and Ed Rendell of Pennsylvania.
Monday, June 4, 2012
GEICO launches 2012 Military Service Awards program to honor outstanding ... - MarketWatch (press release)
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GEICO launches 2012 Military Service Awards program to honor outstanding ... MarketWatch (press release) The program honors one enlisted member from each of the five Military Services and one enlisted member from the Guard/Reserves forces for their outstanding service to their military or civilian community. "Too often enlisted military members make ... |
Sunday, June 3, 2012
Warren Buffett sells remaining Constellation shares - Business First of Buffalo:
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Buffett, his company (NYSE: BRK.A, and that company’s subsidiary , are each no longerr stockholders inConstellation CEG), according to a form with the Securitiese and Exchange Commission filed Monday. They have been slowlyt divesting the stock over the past weekaand months, owning 7.3 percent in Februaryu and 6.3 percent last month. The sale ends the relationshio between the investor and one of two Fortune 500 companied inBaltimore City. Iowa-based MidAmericajn got a 10 percent stake in Constellatioj whenits $4.7 billion bid for the company made in Septembet was rejected three months late.
That offer came afteer a cash crunch led to a steelp declinein Constellation’s stock price over several days and some investorz feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percen of its nuclear business for $4.5 billionm to French firm , which had also been in the biddingv for the company in September. For the Constellation had to pay $175 millionm in breakup fees and $418 milliob for stocks. It also had to repay a $1 billion loan from Buffett with 14 percent A decision on whethe r the deal with EDF requirezs Maryland approval is expecterd ina week.
The deal is expected to close this
Buffett, his company (NYSE: BRK.A, and that company’s subsidiary , are each no longerr stockholders inConstellation CEG), according to a form with the Securitiese and Exchange Commission filed Monday. They have been slowlyt divesting the stock over the past weekaand months, owning 7.3 percent in Februaryu and 6.3 percent last month. The sale ends the relationshio between the investor and one of two Fortune 500 companied inBaltimore City. Iowa-based MidAmericajn got a 10 percent stake in Constellatioj whenits $4.7 billion bid for the company made in Septembet was rejected three months late.
That offer came afteer a cash crunch led to a steelp declinein Constellation’s stock price over several days and some investorz feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percen of its nuclear business for $4.5 billionm to French firm , which had also been in the biddingv for the company in September. For the Constellation had to pay $175 millionm in breakup fees and $418 milliob for stocks. It also had to repay a $1 billion loan from Buffett with 14 percent A decision on whethe r the deal with EDF requirezs Maryland approval is expecterd ina week.
The deal is expected to close this
Friday, June 1, 2012
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