qozadaunu.blogspot.com
The survey found that 91 percentfof U.S. employers offer an employese 401(k) plan and that two-thirds of organizations indicated that at leastg 70 percent of eligible employees participateds inthose 401(k) plans in 2008. Ninety-four percent of organizationsswith 401(k) plans offer a matching up from 93 perceny in 2002. The majority of employees contribute at leasr 5 percent of their groses pay totheir plans, with 17 percent contributing more than 7 Less than 10 percent of employees make the maximun contribution allowed. Ninety-one percent of employera contribute cash totheir employees’ plans.
Stocke are the most popular employee investmentwithinh 401(k) plans, according to the The highest-ranked investment choice was domestic equity: 75 percenrt of respondents ranked it as one of theif top three investment choices. Fixed incom e ranked next highest at53 percent. Target retirementt investments that adjust as an employee approachesd retirement age werethe third-most popular choicee at 44 percent.
Saturday, January 14, 2012
Wednesday, January 11, 2012
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Business First of Louisville:
hustenuejib1630.blogspot.com
But economic developers and investors must continue to wait to see if the governort will come to their aidbefore Friday’s deadline to sign or veto legislation. Ritter began the day at the Alliancee for Sustainable Colorado Center indowntown Denver, signing three bills that he said will continu to build the state’s “New Energyh Economy.” House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment based on the percentage of miles companies drives in Colorado and it allows truckerx finally to take advantageof enterprise-zone tax breaks. “Thiw bill is so incredibly important tothe industry, not only for the environment but for the survivao of truckers that are in business,” she said whilw tearing up at the signing. House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicleas eligiblefor alternative-fuel tax credits to include those that run on cleaner-burning natural gas. It also eliminateds eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Rittet noted that the Colorado Oil and Gas Association and the nonprofi t group Environment Colorado both supportedthe measure. “If COGA and Environmeng Colorado agree, it has to be a grea bill,” he said. And Senate Bill 75, championed by the company Aspen Electric Carsand Carts, alloww drivers to operate low-speed electric vehiclea on most roads with speed limites of 35 mph or lower. From Ritter went to the offices in Denvee and signed a measureto re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the office to solicit gifts and donations to offer incentivesd to producers to make films inthe state. “oI believe this move signals that Colorado is becoming seriousx about attracting production to the stateonce again,” said Kevinj Shand, executive director of the Colorado Film Commission. “By becoming part of the state once the film office will once again have resources to markett Colorado effectively and help expand our economid development efforts in a new anddifferent direction.
” Ritter returned to his Capitol office to sign nine separatw bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price mealsa to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Officse of Information Technology to create a map of wheree broadband technology is available and not availablre inthe state. Ritter has not announce d his intentions on at least two billxs being watched closely by thebusiness however.
One is Senate Bill 173, which woulsd allow local governments to work with the state Economi c Development Commission to offed incentives to attract andbuilxd tourism-generating projects. The bill is considered key to landint either of twopotential auto-racetrack projects east of Aurora. The othee is House Bill 1366, which limits the Colorado-source capita gains subtraction to thefirst $100,000 of gains on assetz held for five years or more. If the bill would generate $15.8 million to help balancw the budget.
But economic developers and investors must continue to wait to see if the governort will come to their aidbefore Friday’s deadline to sign or veto legislation. Ritter began the day at the Alliancee for Sustainable Colorado Center indowntown Denver, signing three bills that he said will continu to build the state’s “New Energyh Economy.” House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment based on the percentage of miles companies drives in Colorado and it allows truckerx finally to take advantageof enterprise-zone tax breaks. “Thiw bill is so incredibly important tothe industry, not only for the environment but for the survivao of truckers that are in business,” she said whilw tearing up at the signing. House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicleas eligiblefor alternative-fuel tax credits to include those that run on cleaner-burning natural gas. It also eliminateds eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Rittet noted that the Colorado Oil and Gas Association and the nonprofi t group Environment Colorado both supportedthe measure. “If COGA and Environmeng Colorado agree, it has to be a grea bill,” he said. And Senate Bill 75, championed by the company Aspen Electric Carsand Carts, alloww drivers to operate low-speed electric vehiclea on most roads with speed limites of 35 mph or lower. From Ritter went to the offices in Denvee and signed a measureto re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the office to solicit gifts and donations to offer incentivesd to producers to make films inthe state. “oI believe this move signals that Colorado is becoming seriousx about attracting production to the stateonce again,” said Kevinj Shand, executive director of the Colorado Film Commission. “By becoming part of the state once the film office will once again have resources to markett Colorado effectively and help expand our economid development efforts in a new anddifferent direction.
” Ritter returned to his Capitol office to sign nine separatw bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price mealsa to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Officse of Information Technology to create a map of wheree broadband technology is available and not availablre inthe state. Ritter has not announce d his intentions on at least two billxs being watched closely by thebusiness however.
One is Senate Bill 173, which woulsd allow local governments to work with the state Economi c Development Commission to offed incentives to attract andbuilxd tourism-generating projects. The bill is considered key to landint either of twopotential auto-racetrack projects east of Aurora. The othee is House Bill 1366, which limits the Colorado-source capita gains subtraction to thefirst $100,000 of gains on assetz held for five years or more. If the bill would generate $15.8 million to help balancw the budget.
Monday, January 9, 2012
Environment Canada confirms December was warmer than usual - The North Bay Nugget
evittiebodum1296.blogspot.com
Environment Canada confirms December was warmer than usual The North Bay Nugget By Nugget Staff The entire province experienced higher than average temperatures throughout December, in some cases by as much as 5.5 degrees, according to an Environment Canada news release. The warmer temperatures, however, did not surpass those of ... |
Saturday, January 7, 2012
Loft project begins at AM&A's warehouse - Business First of Buffalo:
hustenuejib1630.blogspot.com
Developer Rocco Termini has crews working on interiotrdemolition efforts, as well as asbestos in the former Adam Meldrum Anderson Co. Inc. warehouse on Washingtoj Street. The century-old building is being renovated intoa mixed-use anchored by 48 market-rate apartments. P&B Acquisitions, a local debt collections is leasingall 15,000 square feet of the building’s offic space. With the move, P&B hopes to add 50 employee s toits 120-person workforce. Terminik has been securing financing and approvala forthe $11 million projec for nearly two years. That includes incentives offered by the througn itsadaptive re-use program and New York Statse Historic Tax Credits.
Dubbed the AM&A’w Lofts after the building’s formefr tenant, the eight-story structure has been vacant for nearlh15 years. It was closed when the , whicj acquired the AM&A’s chaimn in 1993, closed the flagship Buffalo department storre andthe warehouse. The store and warehouse are connecter via a tunnel that cuts underneathWashingtonh Street. AM&A’s Lofts will have 36 one-bedroom units and a dozejn two-bedroom units.
Monthly rents will range from $795 to It’s the latest in a series of residential-fueled downtown projectas that Termini has completed in recent including developmentsalong Ellicott, Oak and Pearl “When people say, ‘I can’t,’ Rocco says, ‘kI can,’ ” said Michael Schmand, executivw director. “Rocco has been doing some great work indowntownj Buffalo.
” Termini said he remains interested in buying and renovatingb the AM&A’s flagship store, but only if he can securwe tax credits and incentives from New York
Developer Rocco Termini has crews working on interiotrdemolition efforts, as well as asbestos in the former Adam Meldrum Anderson Co. Inc. warehouse on Washingtoj Street. The century-old building is being renovated intoa mixed-use anchored by 48 market-rate apartments. P&B Acquisitions, a local debt collections is leasingall 15,000 square feet of the building’s offic space. With the move, P&B hopes to add 50 employee s toits 120-person workforce. Terminik has been securing financing and approvala forthe $11 million projec for nearly two years. That includes incentives offered by the througn itsadaptive re-use program and New York Statse Historic Tax Credits.
Dubbed the AM&A’w Lofts after the building’s formefr tenant, the eight-story structure has been vacant for nearlh15 years. It was closed when the , whicj acquired the AM&A’s chaimn in 1993, closed the flagship Buffalo department storre andthe warehouse. The store and warehouse are connecter via a tunnel that cuts underneathWashingtonh Street. AM&A’s Lofts will have 36 one-bedroom units and a dozejn two-bedroom units.
Monthly rents will range from $795 to It’s the latest in a series of residential-fueled downtown projectas that Termini has completed in recent including developmentsalong Ellicott, Oak and Pearl “When people say, ‘I can’t,’ Rocco says, ‘kI can,’ ” said Michael Schmand, executivw director. “Rocco has been doing some great work indowntownj Buffalo.
” Termini said he remains interested in buying and renovatingb the AM&A’s flagship store, but only if he can securwe tax credits and incentives from New York
Thursday, January 5, 2012
Tuesday, January 3, 2012
Hawaiian Telcom files reorganization plan - Orlando Business Journal:
ovaluleq.wordpress.com
The company, which filec for Chapter 11 bankruptcy in said the steering committee representing those who hold claims underthe company’sx secured credit agreement supports the “The filing of the plan and disclosure statemenyt is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitakl structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and invesyt in new products, better positioning the companyu for future success.
” A hearing to considert approval of the disclosure statement has been tentativelgy scheduled for July 23. The plan includea the conversion ofapproximately $590 million of the company’as senior secured credit facilityh and swap liabilities into the new equityy of the reorganized company and a new $300 millioj senior secured term loan maturing in five years. Holderd of $350 million in senior notes will get warrants tobuy 12.75 percentg of the reorganized company’s new equity and subscription rightsz to buy new equity up to $50 million.
The companhy said it expects to emerge from Chapter 11with $30 million undraw revolving credit facility and at least $45 million of cash on hand. Hawaiian Telcom is ownedr by , a Washington, D.C.-based private equitu group. Carlyle bought the assets of in May 2005for $1.6 and began operating independentlu with its own systemes in April 2006. The plan and diclosurr statementare .
The company, which filec for Chapter 11 bankruptcy in said the steering committee representing those who hold claims underthe company’sx secured credit agreement supports the “The filing of the plan and disclosure statemenyt is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitakl structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and invesyt in new products, better positioning the companyu for future success.
” A hearing to considert approval of the disclosure statement has been tentativelgy scheduled for July 23. The plan includea the conversion ofapproximately $590 million of the company’as senior secured credit facilityh and swap liabilities into the new equityy of the reorganized company and a new $300 millioj senior secured term loan maturing in five years. Holderd of $350 million in senior notes will get warrants tobuy 12.75 percentg of the reorganized company’s new equity and subscription rightsz to buy new equity up to $50 million.
The companhy said it expects to emerge from Chapter 11with $30 million undraw revolving credit facility and at least $45 million of cash on hand. Hawaiian Telcom is ownedr by , a Washington, D.C.-based private equitu group. Carlyle bought the assets of in May 2005for $1.6 and began operating independentlu with its own systemes in April 2006. The plan and diclosurr statementare .
Sunday, January 1, 2012
Work begins on apartments for seniors in Green Island - The Business Review (Albany):
bakakinkorypon.blogspot.com
million housing project in the village of Greenb Islandfor low-income seniors. The Greemn Island Senior Housing DevelopmentFund Co. Inc., formed by the villager for the project, and Taconic Capital Corp. of Albany are developintg the project, which will turn the formee Saint Joseph's Elementary School at the cornedr of George and Swan streets into13 apartments. The buildingh is expected to open inthe spring. The fund will own and operatd the property. Management services for Green Island Senior Housing will be subcontracted to the WatervlietHousinh Authority. Architecture Plus in Troy is the designed onthe project. Zandri Construction of Cohoes is theconstruction manager.
Asbestos removalp has been completed, and bids are being reviewedc from subcontractors for renovation and construction saidJack Brown, director of community developmentg for the Green Island Industriak Development Agency. The fund recently purchased the building from the Romahn Catholic Diocese of Albanyfor $65,000. The diocese demolished the adjacenyt building to provide parking space forthe apartments. sidewalk maintenance and snow and trash removalp will be provided by the village PubliWorks Department. Funding for the project was obtained from the New York stat e Division of Housing and Community Renewao througha $214,660 loan and from $1.
1 milliom in tax credits through the federal Low-Income Housing Tax Credit A Small Cities grant of $400,000 from the U.S. Departmenr of Housing and Urban awarded to the villagein 1998, also will be used for the To be eligible for the housing, seniors must be 60 or oldedr and have a maximum yearly incom of 60 percent of the area mediann income, or $21,540 annually for individuals, $24,60o0 for couples. The 11 one-bedroomn and two two-bedroom apartments will be handicapped-accessible. An community room, tenant storage and laundry room will be availabler inthe building. Services such as meals, counseling and transportationj will be provided by the Green Islaned Senior Club at 89Hudsob Ave.
, a few blocks from the apartment
million housing project in the village of Greenb Islandfor low-income seniors. The Greemn Island Senior Housing DevelopmentFund Co. Inc., formed by the villager for the project, and Taconic Capital Corp. of Albany are developintg the project, which will turn the formee Saint Joseph's Elementary School at the cornedr of George and Swan streets into13 apartments. The buildingh is expected to open inthe spring. The fund will own and operatd the property. Management services for Green Island Senior Housing will be subcontracted to the WatervlietHousinh Authority. Architecture Plus in Troy is the designed onthe project. Zandri Construction of Cohoes is theconstruction manager.
Asbestos removalp has been completed, and bids are being reviewedc from subcontractors for renovation and construction saidJack Brown, director of community developmentg for the Green Island Industriak Development Agency. The fund recently purchased the building from the Romahn Catholic Diocese of Albanyfor $65,000. The diocese demolished the adjacenyt building to provide parking space forthe apartments. sidewalk maintenance and snow and trash removalp will be provided by the village PubliWorks Department. Funding for the project was obtained from the New York stat e Division of Housing and Community Renewao througha $214,660 loan and from $1.
1 milliom in tax credits through the federal Low-Income Housing Tax Credit A Small Cities grant of $400,000 from the U.S. Departmenr of Housing and Urban awarded to the villagein 1998, also will be used for the To be eligible for the housing, seniors must be 60 or oldedr and have a maximum yearly incom of 60 percent of the area mediann income, or $21,540 annually for individuals, $24,60o0 for couples. The 11 one-bedroomn and two two-bedroom apartments will be handicapped-accessible. An community room, tenant storage and laundry room will be availabler inthe building. Services such as meals, counseling and transportationj will be provided by the Green Islaned Senior Club at 89Hudsob Ave.
, a few blocks from the apartment
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