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 ... |
Wednesday, November 21, 2012
Kinks identified in new dispatch system - Hometownlife.com
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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.
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.
"
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.
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
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.
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.
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