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Tuesday, July 31, 2012
Monday, July 30, 2012
Texas awarded economic recovery funds for water infrastructure projects - Austin Business Journal:
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EPA officials say this new infusiobn of money from the American Recovery and Reinvestment Act will help state and local governments invest in a numbee of overdue water projects that official say are essential to protecting public healtnh andthe environment. The funds should also help boosr the economy and create two of the qualifications for receivingstimulusd funding. “Investing in the economy and the environmentg isa win-win,” EPA Acting Regional Administrato Lawrence E. Starfield says. “These funda will not only help oureconomicx recovery, but they will help providwe safe, clean drinking watet for communities throughout Texas.
” The fund will be used toward the Drinking Water State Revolving Fund which provides low-interest loans for drinking water systems to financw infrastructure improvements. The program places an emphasis on small and disadvantagef communities and to programs that encouragepollution Nationwide, the EPA is furnishing $2 billion to fund drinkingv water infrastructure projects across the country in the form of low-interesr loans, principal forgiveness and grants. At least 20 percentf of the stimulus funds have been earmarkexfor “green” infrastructure, water and energy efficiency improvementsx and other environmentally innovative projects.
EPA officials say this new infusiobn of money from the American Recovery and Reinvestment Act will help state and local governments invest in a numbee of overdue water projects that official say are essential to protecting public healtnh andthe environment. The funds should also help boosr the economy and create two of the qualifications for receivingstimulusd funding. “Investing in the economy and the environmentg isa win-win,” EPA Acting Regional Administrato Lawrence E. Starfield says. “These funda will not only help oureconomicx recovery, but they will help providwe safe, clean drinking watet for communities throughout Texas.
” The fund will be used toward the Drinking Water State Revolving Fund which provides low-interest loans for drinking water systems to financw infrastructure improvements. The program places an emphasis on small and disadvantagef communities and to programs that encouragepollution Nationwide, the EPA is furnishing $2 billion to fund drinkingv water infrastructure projects across the country in the form of low-interesr loans, principal forgiveness and grants. At least 20 percentf of the stimulus funds have been earmarkexfor “green” infrastructure, water and energy efficiency improvementsx and other environmentally innovative projects.
Saturday, July 28, 2012
Arena Football League suspends '09 season - New Mexico Business Weekly:
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The 16-team league, whic h has run for 22 seasons, said the decisionh was made after multiple meetings in the past several weeks and the discussiojnof “numerous options.” SportsBusinesas Journal , a sister publication to the New Mexico Business Weeklg , reported in late October the league had been in talk with Los Angeles-based to sell a 40 percen t stake and turn over managemenft control, but a deal hasn’t been formalized. Columbux Destroyers co-owner and vice chairman of the AFL Executive Committee Jim Renaccio will headthe league’s restructuring.
“Everhy owner in the AFL is strongly committed to the the game, and, most importantly, the said acting Commissioner Ed Policy, in a “Owners, however, recognize that, especially in light of the current unprecedented economicc climate, the AFL, as a business enterprise, needse to be restructured if it is to continue to provide its unique brand of this fan-friendly sport.” Deposits on season tickets, Renacci will be refunded through the Nationwide Arena tickert office at 800-235-2657.
The 16-team league, whic h has run for 22 seasons, said the decisionh was made after multiple meetings in the past several weeks and the discussiojnof “numerous options.” SportsBusinesas Journal , a sister publication to the New Mexico Business Weeklg , reported in late October the league had been in talk with Los Angeles-based to sell a 40 percen t stake and turn over managemenft control, but a deal hasn’t been formalized. Columbux Destroyers co-owner and vice chairman of the AFL Executive Committee Jim Renaccio will headthe league’s restructuring.
“Everhy owner in the AFL is strongly committed to the the game, and, most importantly, the said acting Commissioner Ed Policy, in a “Owners, however, recognize that, especially in light of the current unprecedented economicc climate, the AFL, as a business enterprise, needse to be restructured if it is to continue to provide its unique brand of this fan-friendly sport.” Deposits on season tickets, Renacci will be refunded through the Nationwide Arena tickert office at 800-235-2657.
Friday, July 27, 2012
DynCorp lands $915M aviation contract - Baltimore Business Journal:
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Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenr of State with aviation and aviationh support services in Iraq unded the terms of the deal which has one base year andfour one-yeatr options. If all options are exercised the totaol value of the projectis $915 million. DynCorp reported $813 million in its latest “This award is a tremendously important opportunity for DynCorp Internationak to support the safety and securityof U.S. diplomatix personnel serving in Iraq,” said DynCorp CEO Willia L. Ballhaus.
“It’s an honor to contribute to our government’zs efforts to promote peace and stability in for us as a company and for everyy person who serves with DynCorp saidthe award, to provide ground and flight operations, as well as basinv and maintenance of rotary wing and fixed air assets, begab with a transition periodr June 15, 2009 and will reach full operatiobn on September 4, 2009.
Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenr of State with aviation and aviationh support services in Iraq unded the terms of the deal which has one base year andfour one-yeatr options. If all options are exercised the totaol value of the projectis $915 million. DynCorp reported $813 million in its latest “This award is a tremendously important opportunity for DynCorp Internationak to support the safety and securityof U.S. diplomatix personnel serving in Iraq,” said DynCorp CEO Willia L. Ballhaus.
“It’s an honor to contribute to our government’zs efforts to promote peace and stability in for us as a company and for everyy person who serves with DynCorp saidthe award, to provide ground and flight operations, as well as basinv and maintenance of rotary wing and fixed air assets, begab with a transition periodr June 15, 2009 and will reach full operatiobn on September 4, 2009.
Tuesday, July 24, 2012
Gas prices continue to rise - Philadelphia Business Journal:
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The average retail price of a gallon of regular unleadedd in Florida rose 6 centsto $2.47u last week, according to . West Palm Beachn had the highest price per gallon of unleadefd regular inthe tri-county area at $2.56 a up from $2.16 a montyh ago. Regular gas in Miamji is selling for just a penny lessat $2.55, up from $2.123 a month ago. Fort Lauderdale reported the cheapest priceat $2.52, up from $2.11 last "The current retail price trenfd has been pushed by refinery reductions, crudwe and wholesale price increases, but not by consume r demand," said Gregg Laskoski, managinv director of public relations, AAA Auto Club Crude oil on the closed last week at $66.
31 a barrel, up $4.64 a barrel over the previou s week. However, for gas prices to hit $3, cruded would need to trade atabout $100 per barrel, well above even the highest projections this year of $70 to $75, accordinv to Tom Kloza, publisher and chief oil analyst at .
The average retail price of a gallon of regular unleadedd in Florida rose 6 centsto $2.47u last week, according to . West Palm Beachn had the highest price per gallon of unleadefd regular inthe tri-county area at $2.56 a up from $2.16 a montyh ago. Regular gas in Miamji is selling for just a penny lessat $2.55, up from $2.123 a month ago. Fort Lauderdale reported the cheapest priceat $2.52, up from $2.11 last "The current retail price trenfd has been pushed by refinery reductions, crudwe and wholesale price increases, but not by consume r demand," said Gregg Laskoski, managinv director of public relations, AAA Auto Club Crude oil on the closed last week at $66.
31 a barrel, up $4.64 a barrel over the previou s week. However, for gas prices to hit $3, cruded would need to trade atabout $100 per barrel, well above even the highest projections this year of $70 to $75, accordinv to Tom Kloza, publisher and chief oil analyst at .
Monday, July 23, 2012
Water legislation would open door to sweeping shift in N.C. - Triangle Business Journal:
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North Carolina lawmakers are considering a sweeping new systen of water regulations that wouldc require pricey permits for big users while establishing suppluy budgets for communities inthe state’s 17 rivef basins. The proposed Watetr Resource Policy Act of 2009 has been promptef by a pair of epicdroughtds — from 1998 to 2002 and from 2005 to 2008 that strained the state’s supply. Plannerds expect the state population to grow to 12 million in 2030 fromthe 8.5 milliom recorded in 2004. But preventive measurezs against future shortages are nearly impossible because North Carolinaz regulators lackcritical data.
In short, no one knowa the true size ofthe state’s watefr supply today, much less what will be available tomorrow. The proposed act is movin g through the state legislature as Senate Bill907 (and as companio legislation House Bill 1101). It includes provisions that call for scientifidc modeling ofNorth Carolina’s water resources in lakes and aquifers. Water planning organizations woulxd be created for each ofthe state’sa rivers. And, if the measure is approved, Nortuh Carolina’s existing statues on watee use would be consolidated to conform to thenew law. “Wse don’t have a comprehensive set of policy now.
It’ss just bits and pieces,” says Sen. Dan Clodfelter (D-Mecklenburg), the bill’ds primary sponsor. “We’re lagginhg behind other parts ofthe country.” Annuall permits would be required for usera that pull more than 100,000 gallons of water durinv a 24-hour period directly from a natural sourcse — whether it’s a river or a Application costs range from $250 to $5,000p and yearly fees could be $750 to A recent fiscal studyy of the bill estimates abourt $4.
7 million could be generated from the applications for 1,500 permits in the first year of the new That includes submissions from the two industriese that withdraw most of the water in the Energy companies and water utilitiese account for 92% of the water pullerd from North Carolina rivers. Of that, public water suppliesa account for just a tenth of the The bulk of water use in the Catawbw River isby , which is dependanft on the river to cool its nuclear reactorxs and power its hydroelectricx dams.
“This bill remains in the early stagex of the legislative process and Duke Energy will stay engaged in discussionxs around this bill and be an activ participant in thelegislative process,” says Jason a spokesman for the Charlotte-based energh giant. “Sound water management strategy shouldincluded supply-side programs, demand-side programd and drought programs,” Walls “Any river basin planning efforts shoulsd complement existing best practicees and include effective stakeholder collaboration Duke’s use of the Catawba River is overseen by the .
An applicationm for a new, 50-year licensw for Duke’s 11 reservoirs and 13 facilitiee alongthe bi-state river is pending and has drawn recent controversy. S.C. Attorney General Henry McMastee filed to intervene in the FERC processslast month, arguing that Duke uses flawed scientific models to predicty droughts. The FERC filings are the latesgt salvo in a simmering battle between the states overwatedr rights. South Carolina has a pending lawsuit befordethe U.S. Supreme Court that contends Northu Carolina takes more than its fair sharse out ofthe Catawba. Clodfelter says statse policies for water supply can help prevent courthousr conflicts over shared And itcould pre-empft the U.S.
Supreme Courrt from ruling on how the Carolinassharee water, he adds. “The tend to be disinclined to step in and make the decision themselvesd if they seethe state’s workinhg it out on its own.” Regulationsz affecting large water users are already in place in 20 states on the East Only North Carolina, South Carolina and Alabamaq have no such rules. “The Carolinas are behind in water management,” says Amy a senior attorney with the Nichola s Institute for Environmental Policy Solutionsat , whichh worked on a water allocatiob study for the state. “Now is a good time to make the transitiom to a more orderly waterwithdrawal policy.
”
North Carolina lawmakers are considering a sweeping new systen of water regulations that wouldc require pricey permits for big users while establishing suppluy budgets for communities inthe state’s 17 rivef basins. The proposed Watetr Resource Policy Act of 2009 has been promptef by a pair of epicdroughtds — from 1998 to 2002 and from 2005 to 2008 that strained the state’s supply. Plannerds expect the state population to grow to 12 million in 2030 fromthe 8.5 milliom recorded in 2004. But preventive measurezs against future shortages are nearly impossible because North Carolinaz regulators lackcritical data.
In short, no one knowa the true size ofthe state’s watefr supply today, much less what will be available tomorrow. The proposed act is movin g through the state legislature as Senate Bill907 (and as companio legislation House Bill 1101). It includes provisions that call for scientifidc modeling ofNorth Carolina’s water resources in lakes and aquifers. Water planning organizations woulxd be created for each ofthe state’sa rivers. And, if the measure is approved, Nortuh Carolina’s existing statues on watee use would be consolidated to conform to thenew law. “Wse don’t have a comprehensive set of policy now.
It’ss just bits and pieces,” says Sen. Dan Clodfelter (D-Mecklenburg), the bill’ds primary sponsor. “We’re lagginhg behind other parts ofthe country.” Annuall permits would be required for usera that pull more than 100,000 gallons of water durinv a 24-hour period directly from a natural sourcse — whether it’s a river or a Application costs range from $250 to $5,000p and yearly fees could be $750 to A recent fiscal studyy of the bill estimates abourt $4.
7 million could be generated from the applications for 1,500 permits in the first year of the new That includes submissions from the two industriese that withdraw most of the water in the Energy companies and water utilitiese account for 92% of the water pullerd from North Carolina rivers. Of that, public water suppliesa account for just a tenth of the The bulk of water use in the Catawbw River isby , which is dependanft on the river to cool its nuclear reactorxs and power its hydroelectricx dams.
“This bill remains in the early stagex of the legislative process and Duke Energy will stay engaged in discussionxs around this bill and be an activ participant in thelegislative process,” says Jason a spokesman for the Charlotte-based energh giant. “Sound water management strategy shouldincluded supply-side programs, demand-side programd and drought programs,” Walls “Any river basin planning efforts shoulsd complement existing best practicees and include effective stakeholder collaboration Duke’s use of the Catawba River is overseen by the .
An applicationm for a new, 50-year licensw for Duke’s 11 reservoirs and 13 facilitiee alongthe bi-state river is pending and has drawn recent controversy. S.C. Attorney General Henry McMastee filed to intervene in the FERC processslast month, arguing that Duke uses flawed scientific models to predicty droughts. The FERC filings are the latesgt salvo in a simmering battle between the states overwatedr rights. South Carolina has a pending lawsuit befordethe U.S. Supreme Court that contends Northu Carolina takes more than its fair sharse out ofthe Catawba. Clodfelter says statse policies for water supply can help prevent courthousr conflicts over shared And itcould pre-empft the U.S.
Supreme Courrt from ruling on how the Carolinassharee water, he adds. “The tend to be disinclined to step in and make the decision themselvesd if they seethe state’s workinhg it out on its own.” Regulationsz affecting large water users are already in place in 20 states on the East Only North Carolina, South Carolina and Alabamaq have no such rules. “The Carolinas are behind in water management,” says Amy a senior attorney with the Nichola s Institute for Environmental Policy Solutionsat , whichh worked on a water allocatiob study for the state. “Now is a good time to make the transitiom to a more orderly waterwithdrawal policy.
”
Saturday, July 21, 2012
Taxman targets Tasmania's biggest gallery - The Independent
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Taxman targets Tasmania's biggest gallery The Independent Long regarded as a cultural desert and social backwater, Hobart has been buzzing since the Museum of Old and New Art (Mona) opened in the Tasmanian capital last year. Housing the private collection of a multimillionaire professional gambler, David ... |
Friday, July 20, 2012
Report: Columbus holding its own amid recession - Houston Business Journal:
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A report from Washington, D.C.-based liberal public-policuy think tank dubbed the MetroMonitor bills itselt asa “beneath the hood” recession-erqa look at metros with more than 500,000 residents as of 2007. The report placed the Columbusw metropolitan statistical area 40th among those rankecd forits strength, based on unemployment, wage, output, home prices and foreclosure data. No otherf Ohio city made the top 50. Cincinnati, Akron and Dayton foundf slots from 61stto 80th.
Toledo was rankeds the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texasa cities among the nation’s top Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosurwe crisis. Brookings found that the metropolita n perspectiveon states’ performance amid the recession “suggestds that recovery may be quite uneven as well, posing particular challenges for policymakers seeking to ensure a truly national risingv economic tide.” Columbus’ strengths and weaknesses in the reporty varied. The city ranked 25th for its 1.
7 percent declinre in employment since its peak earlier this Columbus found itself at 32nd for itsmodesg 0.4 percent gain in inflation-adjusted housint prices for the first three months of 2008 compared with the same periofd this year. But the city was ranked near the bottomk ofthe list, at 80th, for the 4.8 percent declinee in its gross metropolitan product – a measurwe of the goods and services produced in the area – in the firsty quarter of 2009 compared with its pre-recessiohn peak. Comparing the last threde months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representing the 14th-worstt decline among the cities measured. To download the full click .
A report from Washington, D.C.-based liberal public-policuy think tank dubbed the MetroMonitor bills itselt asa “beneath the hood” recession-erqa look at metros with more than 500,000 residents as of 2007. The report placed the Columbusw metropolitan statistical area 40th among those rankecd forits strength, based on unemployment, wage, output, home prices and foreclosure data. No otherf Ohio city made the top 50. Cincinnati, Akron and Dayton foundf slots from 61stto 80th.
Toledo was rankeds the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texasa cities among the nation’s top Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosurwe crisis. Brookings found that the metropolita n perspectiveon states’ performance amid the recession “suggestds that recovery may be quite uneven as well, posing particular challenges for policymakers seeking to ensure a truly national risingv economic tide.” Columbus’ strengths and weaknesses in the reporty varied. The city ranked 25th for its 1.
7 percent declinre in employment since its peak earlier this Columbus found itself at 32nd for itsmodesg 0.4 percent gain in inflation-adjusted housint prices for the first three months of 2008 compared with the same periofd this year. But the city was ranked near the bottomk ofthe list, at 80th, for the 4.8 percent declinee in its gross metropolitan product – a measurwe of the goods and services produced in the area – in the firsty quarter of 2009 compared with its pre-recessiohn peak. Comparing the last threde months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representing the 14th-worstt decline among the cities measured. To download the full click .
Thursday, July 19, 2012
With DHL move, Astar unit adds office, NKY jobs - Business Courier of Cincinnati:
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The German-owned parcel service is scheduled to relocatd its hub from the Wilmingtonb Air Parkto Cincinnati/Northern Kentucky International Airport in Boone County by the end of the month. It and its suppliers will take hundreds ofjobs along. leased 34,000 square feet of office space at the Turfwa y Ridge office complex in Florence last It will house its executive team andofficde operations. The lease was valued at $4.2 million, accordinyg to Colliers TurleyMartihn Tucker, which represented Astar. The Florida-based air cargo servicew is 49 percent owned by DHL and will continuer to provide air lift services to DHL under a contractf that runsuntil 2019.
Wilmington-based , a subsidiary of , also will providd air cargo services in Boone County under a contract with DHL that runs through August 2010. Astar had earlier received approval from the Kentucky Economivc Development Finance Authorityfor $2.3 million of job-creatiob tax incentives. It said it expects to creatde 77new full-time jobs for Kentuckt residents, out of projected totalk employment of 148 people in Norther n Kentucky. Average wages of the new Kentucky jobs will be more than it said in its applicatio fortax incentives. A company spokesman said Astar’s relocatiob from Wilmington will begin whenthe build-out of its office is complete in which is expected to be in August.
All of its curreng employees in Wilmington have been offered jobs in Florencee or at the Boone Countyairport facility, he announced in April that it would be movinv its U.S. air cargo and package sorting operationes back tothe Cincinnati/Northerb Kentucky International Airport. As first reportesd by the , the move will creatd about 830jobs – 180 650 part-time – at a DHL sorting facility in Boone County that had been mothballedc for the past four years. Those new positions will be in additioj to about 200existing jobs, mostly in back-office operations, that DHL has kept therew since it relocated its sorting operations to Wilmingtonb in 2005.
That move had followed its acquisitio of as partof DHL’s expansiohn of parcel delivery servicesz in the U.S. It announced last May that it was abandoninvthe U.S. domestic market, where it has been losingh billions ofdollars annually, to focus on its internationalp operations. It will continue to ship internationa l packages into and out of the United Statesw through the reactivated BooneCountg hub. Officials in Wilmington have saidthat DHL’s decisionm would cause a direct loss of more than 8,000 jobs in that Clinto n County community. Thousands of jobs have alreadybeen eliminated.
The German-owned parcel service is scheduled to relocatd its hub from the Wilmingtonb Air Parkto Cincinnati/Northern Kentucky International Airport in Boone County by the end of the month. It and its suppliers will take hundreds ofjobs along. leased 34,000 square feet of office space at the Turfwa y Ridge office complex in Florence last It will house its executive team andofficde operations. The lease was valued at $4.2 million, accordinyg to Colliers TurleyMartihn Tucker, which represented Astar. The Florida-based air cargo servicew is 49 percent owned by DHL and will continuer to provide air lift services to DHL under a contractf that runsuntil 2019.
Wilmington-based , a subsidiary of , also will providd air cargo services in Boone County under a contract with DHL that runs through August 2010. Astar had earlier received approval from the Kentucky Economivc Development Finance Authorityfor $2.3 million of job-creatiob tax incentives. It said it expects to creatde 77new full-time jobs for Kentuckt residents, out of projected totalk employment of 148 people in Norther n Kentucky. Average wages of the new Kentucky jobs will be more than it said in its applicatio fortax incentives. A company spokesman said Astar’s relocatiob from Wilmington will begin whenthe build-out of its office is complete in which is expected to be in August.
All of its curreng employees in Wilmington have been offered jobs in Florencee or at the Boone Countyairport facility, he announced in April that it would be movinv its U.S. air cargo and package sorting operationes back tothe Cincinnati/Northerb Kentucky International Airport. As first reportesd by the , the move will creatd about 830jobs – 180 650 part-time – at a DHL sorting facility in Boone County that had been mothballedc for the past four years. Those new positions will be in additioj to about 200existing jobs, mostly in back-office operations, that DHL has kept therew since it relocated its sorting operations to Wilmingtonb in 2005.
That move had followed its acquisitio of as partof DHL’s expansiohn of parcel delivery servicesz in the U.S. It announced last May that it was abandoninvthe U.S. domestic market, where it has been losingh billions ofdollars annually, to focus on its internationalp operations. It will continue to ship internationa l packages into and out of the United Statesw through the reactivated BooneCountg hub. Officials in Wilmington have saidthat DHL’s decisionm would cause a direct loss of more than 8,000 jobs in that Clinto n County community. Thousands of jobs have alreadybeen eliminated.
Tuesday, July 17, 2012
Bidding war breaks out over CNB Financial - Boston Business Journal:
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whose stock has more than doubledthis year. Unitee Financial Bancorp, which last week lookecd like the loser in tryinbg to snag the parent companyhof , is now back in the game for CNB (OTCBB: with a stock and cash offerd of $10.25 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquirefby Inc., which is offering 0.4292 sharee of its stock for each share of CNB. That worksa out to $9.22 a share, based on Berkshire’sz stock price of $21.47 in late Friday afternoobn trading.
CNB had said it wantee to go with the lower Berkshire offer because it was bettingythe bank’s stock would have better appreciation than Unitedd Financial’s fixed share pricer offer. But on Friday, CNB said it plans to begin discussionwith Springfield-based United Financial, which countered with a highert bid in an unsolicited acquisition offer. CNB sharezs traded Friday at $9.40 a The stock is up 138 percentthis
whose stock has more than doubledthis year. Unitee Financial Bancorp, which last week lookecd like the loser in tryinbg to snag the parent companyhof , is now back in the game for CNB (OTCBB: with a stock and cash offerd of $10.25 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquirefby Inc., which is offering 0.4292 sharee of its stock for each share of CNB. That worksa out to $9.22 a share, based on Berkshire’sz stock price of $21.47 in late Friday afternoobn trading.
CNB had said it wantee to go with the lower Berkshire offer because it was bettingythe bank’s stock would have better appreciation than Unitedd Financial’s fixed share pricer offer. But on Friday, CNB said it plans to begin discussionwith Springfield-based United Financial, which countered with a highert bid in an unsolicited acquisition offer. CNB sharezs traded Friday at $9.40 a The stock is up 138 percentthis
Monday, July 16, 2012
Environmental Tectonics in settlement with Disney - Philadelphia Business Journal:
xotavaloso.blogspot.com
The dispute began in late July 2003 whenETC (AMEX:ETC) sued the and three Disney subsidiariesz over Mission: Space, which was scheduledf to open about two weeks later. In the ETC sought: And a judgment affirmin g its rights to the technologyg that wentinto Mission: Spac so it could build similar ridees for others, provided they weren’t placed within 100 miles of a Disneyg theme park. Mission: Space uses centrifuge technology developed by ETCfor air-crew training systems to give riderss the experience of an astronaut on a mission to Two people have died after completinbg the ride — a 4-year-ol boy in 2005 and a 49-year-old woma in 2006.
In both cases, the deathws were attributed to pre-existing conditions. ETC is basesd in Southampton, Pa. In addition to entertainment itdevelops air-crew and disaster-management trainingt systems, sterilizers, environmental testing products and hyperbaric
The dispute began in late July 2003 whenETC (AMEX:ETC) sued the and three Disney subsidiariesz over Mission: Space, which was scheduledf to open about two weeks later. In the ETC sought: And a judgment affirmin g its rights to the technologyg that wentinto Mission: Spac so it could build similar ridees for others, provided they weren’t placed within 100 miles of a Disneyg theme park. Mission: Space uses centrifuge technology developed by ETCfor air-crew training systems to give riderss the experience of an astronaut on a mission to Two people have died after completinbg the ride — a 4-year-ol boy in 2005 and a 49-year-old woma in 2006.
In both cases, the deathws were attributed to pre-existing conditions. ETC is basesd in Southampton, Pa. In addition to entertainment itdevelops air-crew and disaster-management trainingt systems, sterilizers, environmental testing products and hyperbaric
Saturday, July 14, 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Business First of Louisville:
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U.S. Army officials worked feverishly over the past week topull St. John Propertiez into the fold, fearful the projectg would come to a halt if Opus East filee for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephone interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’rs going to get in and try to kick-starty this right away.” Aberdeen is gearing up for a significang influx of military jobs under the Pentagon’s Base Realignment and Closurw plan, expected to be completed by Septembedr 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contractinbg jobs from companies that do business with the incoming military agencies. The approved Opus East's selection of St. John Properties to take over the Government and Technology Enterprise business park because of theBaltimore developer’s abilitu to move forward with new construction, Bob program director with the Army Corps, said in a statement. As in takinbg over the project, including OFC) and Manekin LLC.
Opus East was awarded rightd to developthe government-owned land under a lease with the Army in November 2007 and broke groune on its first building in December of that Since then, the company became straddled with millions of dollars in construction loans it has been unablwe to refinance, and the company has not started any new construction at the projecf for more than a The deal was inked June 19 betwee Opus East, St. John Properties, with the backingh of the Army. St. John and the Army Corpes of Engineers issued statements Tuesday announcinghthe deal. Wit said St. John will pay Opus East an undisclosedf amount of money for its developmenf rightsat Aberdeen. In connection with the St.
John has hired Opus East project managee Matthew Holbrook to oversee the GATE project as its directotr of defense andgovernmengt business. “Aberdeen Proving Ground is excited abourt moving the project forwardwith St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positive step to have their experienced management team spearheadingthe build-out of this project.” As the to help it considee options including bankruptcy. Its parent company, , has also soughtt bankruptcy protectionfor it’s Opus South subsidiaryt and for two more subsidiaries of its Opus West regionakl operation. Opus Corp.
spokeswoman Winston Hewetgt said Opus East is still evaluatin its options but has not made any decisionswabout bankruptcy. The company was forcer to relinquish its rights to the Aberdeen project becaus e it has been unable to finance morethan $50 millioh in construction loans it took out to financ e its projects. Most pressing amonf those debtsis $35 million the developere spent to build a new headquarters for the Nationa l Oceanic and Atmospheric Administration in College Park, for whic h it has sued the federal governmenyt to collect its wages on that Hewett said. St.
John plans to break ground in the next two monthz on at least three new buildings at the Harford Countymilitary base, with commitments from defensw contractors for up to 300,000 squars feet of office, research and development Wit said. Wit did not disclos e the names of any of those Those buildings would be in additionm toa 60,000-square-foot building Opus East completed in Decemberf 2008 for defense contractor “We view this development as the most significany commercial real estate opportunity in the history of our company,” St. John Presiden t Edward A. St. John said in a statement.
“Thias is based on the amount of squarr footage that can eventuallyg be developed as well as the important work that will be completecby end-users that occupyt this space.” St. John Properties is the third-largesgt property management firm inGreaterd Baltimore, with nearly 11 million square feet of commercial space in the region. But taking over the Aberdeejn project represents a shift for the which has sought to tap into the demanc for government contracting spacre upuntil now. Wit said the company has also sough in the past to buy land for its own rather than to lease propertyt from the government such asat Aberdeen.
Opus East preliminarilt received commitments from firms seeking space atits 413-acre Governmen t and Technology Enterprise business park but did not start any additionap construction. The developer was unwilling to divide any of its buildingssinto multi-tenanted space, Wit said, preferring instead to construct buildingds for a single That’s created a pent-upl demand for companies seeking from 5,00o0 square feet to upward of 20,000 square Wit said.
“For all the hoopla that BRAC has there’s really only one buildint that Opus was ableto build,” Wit “If you don’t have the place to park thoses people, if you don’t have the buildings to put them in, theree was going to be a real logistica problem.”
U.S. Army officials worked feverishly over the past week topull St. John Propertiez into the fold, fearful the projectg would come to a halt if Opus East filee for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephone interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’rs going to get in and try to kick-starty this right away.” Aberdeen is gearing up for a significang influx of military jobs under the Pentagon’s Base Realignment and Closurw plan, expected to be completed by Septembedr 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contractinbg jobs from companies that do business with the incoming military agencies. The approved Opus East's selection of St. John Properties to take over the Government and Technology Enterprise business park because of theBaltimore developer’s abilitu to move forward with new construction, Bob program director with the Army Corps, said in a statement. As in takinbg over the project, including OFC) and Manekin LLC.
Opus East was awarded rightd to developthe government-owned land under a lease with the Army in November 2007 and broke groune on its first building in December of that Since then, the company became straddled with millions of dollars in construction loans it has been unablwe to refinance, and the company has not started any new construction at the projecf for more than a The deal was inked June 19 betwee Opus East, St. John Properties, with the backingh of the Army. St. John and the Army Corpes of Engineers issued statements Tuesday announcinghthe deal. Wit said St. John will pay Opus East an undisclosedf amount of money for its developmenf rightsat Aberdeen. In connection with the St.
John has hired Opus East project managee Matthew Holbrook to oversee the GATE project as its directotr of defense andgovernmengt business. “Aberdeen Proving Ground is excited abourt moving the project forwardwith St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positive step to have their experienced management team spearheadingthe build-out of this project.” As the to help it considee options including bankruptcy. Its parent company, , has also soughtt bankruptcy protectionfor it’s Opus South subsidiaryt and for two more subsidiaries of its Opus West regionakl operation. Opus Corp.
spokeswoman Winston Hewetgt said Opus East is still evaluatin its options but has not made any decisionswabout bankruptcy. The company was forcer to relinquish its rights to the Aberdeen project becaus e it has been unable to finance morethan $50 millioh in construction loans it took out to financ e its projects. Most pressing amonf those debtsis $35 million the developere spent to build a new headquarters for the Nationa l Oceanic and Atmospheric Administration in College Park, for whic h it has sued the federal governmenyt to collect its wages on that Hewett said. St.
John plans to break ground in the next two monthz on at least three new buildings at the Harford Countymilitary base, with commitments from defensw contractors for up to 300,000 squars feet of office, research and development Wit said. Wit did not disclos e the names of any of those Those buildings would be in additionm toa 60,000-square-foot building Opus East completed in Decemberf 2008 for defense contractor “We view this development as the most significany commercial real estate opportunity in the history of our company,” St. John Presiden t Edward A. St. John said in a statement.
“Thias is based on the amount of squarr footage that can eventuallyg be developed as well as the important work that will be completecby end-users that occupyt this space.” St. John Properties is the third-largesgt property management firm inGreaterd Baltimore, with nearly 11 million square feet of commercial space in the region. But taking over the Aberdeejn project represents a shift for the which has sought to tap into the demanc for government contracting spacre upuntil now. Wit said the company has also sough in the past to buy land for its own rather than to lease propertyt from the government such asat Aberdeen.
Opus East preliminarilt received commitments from firms seeking space atits 413-acre Governmen t and Technology Enterprise business park but did not start any additionap construction. The developer was unwilling to divide any of its buildingssinto multi-tenanted space, Wit said, preferring instead to construct buildingds for a single That’s created a pent-upl demand for companies seeking from 5,00o0 square feet to upward of 20,000 square Wit said.
“For all the hoopla that BRAC has there’s really only one buildint that Opus was ableto build,” Wit “If you don’t have the place to park thoses people, if you don’t have the buildings to put them in, theree was going to be a real logistica problem.”
Friday, July 13, 2012
Four employees sue Sprint Nextel for commissions - Kansas City Business Journal:
ernstiryastrov.blogspot.com
In a federal lawsuit filed last week in fourclerks -- three in Louisianaw stores and one in Texas -- accusr the company of overlookinbg computer system problems that occurred after 's merge r with The problems canceled out commissions that were owed to the employeesx for products and services they had sold for The plaintiffs, represented by Kansas City lawye George Hanson from , reported losing $100 to $500 or more a They further suggest that they told Sprintf about the problem but never had the situatiomn resolved. A spokesman for Sprinrt Nextel (NYSE: S) said Tuesday that the compan was reviewingthe complaint.
"Sprint is committesd to providing its employees with the compensations to whicj theyare entitled," spokesman Matt Sullivahn said in an e-mail. "Wse are currently reviewing the Sprint Nextel has corporate headquartersin Reston, Va., and operationa headquarters in Overland Park.
In a federal lawsuit filed last week in fourclerks -- three in Louisianaw stores and one in Texas -- accusr the company of overlookinbg computer system problems that occurred after 's merge r with The problems canceled out commissions that were owed to the employeesx for products and services they had sold for The plaintiffs, represented by Kansas City lawye George Hanson from , reported losing $100 to $500 or more a They further suggest that they told Sprintf about the problem but never had the situatiomn resolved. A spokesman for Sprinrt Nextel (NYSE: S) said Tuesday that the compan was reviewingthe complaint.
"Sprint is committesd to providing its employees with the compensations to whicj theyare entitled," spokesman Matt Sullivahn said in an e-mail. "Wse are currently reviewing the Sprint Nextel has corporate headquartersin Reston, Va., and operationa headquarters in Overland Park.
Thursday, July 12, 2012
Ineptitude ruins dairy farm - New Era
xotavaloso.blogspot.com
New Era | Ineptitude ruins dairy farm New Era RUNDU â€" Mismanagement, poor planning or lack thereof and a rundown milking parlour at a Stateâ€"owned dairy farm are just some of the many factors that are believed to have turned a promising operation into a white elephant. The Uvhungu-vhungu Dairy ... |
Tuesday, July 10, 2012
Forte pleads guilty in Ponzi scheme - Philadelphia Business Journal:
moakhamet84.blogspot.com
Federal prosecutors in Philadelphia said that between 1996 and Forte collected investment money from nearly 80 individualw using a fraudulent scheme in whicn the he claimed that he was tradinh in stock index futures through a partnership named JosephForte LP. Prosecutors said Forte, 53, of Broomall, Pa., used his scheme to collect roughly $80 million from investors, payinhg some investors “returns” on their investmentsz by using money contributedd byother investors. Prosecutors said Forte reportefd fabricated investment returns between 18 percent and 38 whenin fact, he consistentlg lost money on his trades.
Prosecutors said Fortes paid himself millions of dollars in salaries and fees and used his profitse to make numerousfinancialo transactions, including taking out a $500,000 Commerce Bank [now TD loan by misrepresenting the value of Joseph Forte LP. Sentencing is scheduled for Oct. 2. He facez possible prison time, fines and paying full restitutio n to the victims ofhis crimes, and forfeiturs of all property that constitutes or is derived from his criminalp proceeds.
The case was investigatedc by the United States PostalInspection Service, the Federal Burea u of Investigations, the Delaware County District Attorney’s Office, the Securitiess and Exchange Commission, and the Commoditiesw Futures Trading Commission. It is being prosecuted by Assistant Unitedc States AttorneyJoe Khan. Forte was chargexd in a civil case in early Januaru by the Securities andExchange Commission, whicy obtained an emergency court ordefr freezing his assets.
Federal prosecutors in Philadelphia said that between 1996 and Forte collected investment money from nearly 80 individualw using a fraudulent scheme in whicn the he claimed that he was tradinh in stock index futures through a partnership named JosephForte LP. Prosecutors said Forte, 53, of Broomall, Pa., used his scheme to collect roughly $80 million from investors, payinhg some investors “returns” on their investmentsz by using money contributedd byother investors. Prosecutors said Forte reportefd fabricated investment returns between 18 percent and 38 whenin fact, he consistentlg lost money on his trades.
Prosecutors said Fortes paid himself millions of dollars in salaries and fees and used his profitse to make numerousfinancialo transactions, including taking out a $500,000 Commerce Bank [now TD loan by misrepresenting the value of Joseph Forte LP. Sentencing is scheduled for Oct. 2. He facez possible prison time, fines and paying full restitutio n to the victims ofhis crimes, and forfeiturs of all property that constitutes or is derived from his criminalp proceeds.
The case was investigatedc by the United States PostalInspection Service, the Federal Burea u of Investigations, the Delaware County District Attorney’s Office, the Securitiess and Exchange Commission, and the Commoditiesw Futures Trading Commission. It is being prosecuted by Assistant Unitedc States AttorneyJoe Khan. Forte was chargexd in a civil case in early Januaru by the Securities andExchange Commission, whicy obtained an emergency court ordefr freezing his assets.
Monday, July 9, 2012
DOE awards Ohio $38.4M for energy plan - Business Courier of Cincinnati:
houston-nearly.blogspot.com
million to fund Ohio’s statewide energy plan, a $96 milliob package of energy-efficiency improvements announcex by the statein May. The award brings to $48 millioh the total amount of stimulus funding committed to the Ohio which callsfor $43 million in state grantsz for wind turbines, biofuels, recycling and severa l other sustainability initiatives. It also calls for the development ofa $30 millioh revolving loan fund to finance energy-efficiency improvements.
In its May 12 proposalk to DOE, Ohio officials detailed the plans for theloan “Through an “Energy initiative, federal stimulus dollars would serve as match-fundinyg for other sources includinbg banks, nonprofits and investors willing to offer debt, or low-interest financing for energy project in the commercial, industrial, institutional, and aggregated residentiaol sectors,” said the report. The DOE presz release indicates Ohio would receive anadditional $48 millioh funding if it “meets reporting, oversight, and accountabilitgy milestones” required by the American Recovery and Reinvestment Act.
In otherr stimulus-related news, Ohio’s online clearinghous for federal stimulus activity posted detailson $540 million in new grany opportunities Friday, most of it for work-force training Ohiorecovery.org provides links to three new bidding opportunities from the , includinvg a $190 million program in which local Workforce Investment Boards will competer for grants of up to $6 million for “One Stop Careerf Center” operations. The Labor Department is also makinb grants upto $4 million available to work force boards interested in collaborating on the development of a labor force for the energg efficiency and renewable energy industries.
Another Labor Department program wouldcmake $5 million available for worker traininvg in green industries. Its invitation for grant applications indicates betweenj 50 and 100 grants will beawardex nationwide. The Labor Department also is invitinfg applications for grants of upto $8 million for traininbg programs that combat Awards will be made on a locaol and national basis. Local awarcd recipients will be limitedto $4 milliom per grant. Finally, the U.S. Department of Energy is requesting applications fora $45 million grant “for the design and constructiob of a large dynamometer facility” to test wind turbines.
million to fund Ohio’s statewide energy plan, a $96 milliob package of energy-efficiency improvements announcex by the statein May. The award brings to $48 millioh the total amount of stimulus funding committed to the Ohio which callsfor $43 million in state grantsz for wind turbines, biofuels, recycling and severa l other sustainability initiatives. It also calls for the development ofa $30 millioh revolving loan fund to finance energy-efficiency improvements.
In its May 12 proposalk to DOE, Ohio officials detailed the plans for theloan “Through an “Energy initiative, federal stimulus dollars would serve as match-fundinyg for other sources includinbg banks, nonprofits and investors willing to offer debt, or low-interest financing for energy project in the commercial, industrial, institutional, and aggregated residentiaol sectors,” said the report. The DOE presz release indicates Ohio would receive anadditional $48 millioh funding if it “meets reporting, oversight, and accountabilitgy milestones” required by the American Recovery and Reinvestment Act.
In otherr stimulus-related news, Ohio’s online clearinghous for federal stimulus activity posted detailson $540 million in new grany opportunities Friday, most of it for work-force training Ohiorecovery.org provides links to three new bidding opportunities from the , includinvg a $190 million program in which local Workforce Investment Boards will competer for grants of up to $6 million for “One Stop Careerf Center” operations. The Labor Department is also makinb grants upto $4 million available to work force boards interested in collaborating on the development of a labor force for the energg efficiency and renewable energy industries.
Another Labor Department program wouldcmake $5 million available for worker traininvg in green industries. Its invitation for grant applications indicates betweenj 50 and 100 grants will beawardex nationwide. The Labor Department also is invitinfg applications for grants of upto $8 million for traininbg programs that combat Awards will be made on a locaol and national basis. Local awarcd recipients will be limitedto $4 milliom per grant. Finally, the U.S. Department of Energy is requesting applications fora $45 million grant “for the design and constructiob of a large dynamometer facility” to test wind turbines.
Saturday, July 7, 2012
Erik Bedard struggles in 6-5 Pirates loss to Giants - Boston Herald
xosawewaqa.wordpress.com
Rum Bunter | Erik Bedard struggles in 6-5 Pirates loss to Giants Boston Herald Through nine batters, Erik Bedard breezed through the Giants lineup. Over the next nine batters, the Giants buried him. What started as a strong outing for Bedard fell apart in the fourth inning as the Giants beat the Pirates, 6-5, tonight at PNC Park. Erik Bedard s truggles again as Pirates f » |
Friday, July 6, 2012
Looking Up: Fireworks and the night sky show - Hannibal.net
cicugaha.wordpress.com
Looking Up: Fireworks and the night sky show Hannibal.net When do the greatest percentage of Americans pull themselves away from their TV sets, computers and other indoor activities, and go outside after dark and look up? Would you say when there is an eclipse? A meteor shower? Try July Fourth fireworks! |
Thursday, July 5, 2012
162 passengers transferred from troubled boat to Australian navy ships - CNN
yjanebixe.wordpress.com
Globe and Mail | 162 passengers transferred from troubled boat to Australian navy ships CNN It's Christmas -- Christmas Island that is -- for the 162 passengers who were transferred Wednesday from a ship in distress. Scandalous SOS strategy as navy ship keeps watch on asylum seeker boat after ... |
Tuesday, July 3, 2012
Sichuan Tengzhong in deal to buy Hummer - Houston Business Journal:
plesciamipukoa1855.blogspot.com
When GM, which filed for bankruptcyy protectionthis week, announced June 2 that a buyer had been found for the off-road vehicle but the name was not immediately Tengzhong, a major industrial machinery will acquire the rights to the Hummet brand, along with a seniotr management and operational team. It will also assumre existing dealer agreements relatingto HUMMER’s dealership network. It is contemplatedr that Tengzhong will, as part of the transaction, enter into a long-terk contract assembly and key component and material supplyu agreementwith GM. In an earlied statement, GM said it expects the deal if successfu to secure morethan 3,000 US jobs.
The final termxs of the deal, scheduled to close in the third are subject tofinap negotiations. The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is actintg as international legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.
When GM, which filed for bankruptcyy protectionthis week, announced June 2 that a buyer had been found for the off-road vehicle but the name was not immediately Tengzhong, a major industrial machinery will acquire the rights to the Hummet brand, along with a seniotr management and operational team. It will also assumre existing dealer agreements relatingto HUMMER’s dealership network. It is contemplatedr that Tengzhong will, as part of the transaction, enter into a long-terk contract assembly and key component and material supplyu agreementwith GM. In an earlied statement, GM said it expects the deal if successfu to secure morethan 3,000 US jobs.
The final termxs of the deal, scheduled to close in the third are subject tofinap negotiations. The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is actintg as international legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.
Monday, July 2, 2012
Fly Clear fast lane at Albany Int
youngmanmeledero1636.blogspot.com
was among the 20 airports nationwid that offered theexpedited system. An airportf spokeswoman said the airport was not notifierd in advance and the Clear Lanewas closed. In it reported having more than 10,000 usersw pass through the lanes since the express servicwe was first offered there insummer 2007. “Clear Lanes Are No Longer Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unablse to negotiate an agreement with its seniorf creditor tocontinue operations.” There was no information abour whether enrollees would get refunds. The service cost $199 a year. Customers were mostly busineses travelers andfrequent fliers.
The program startedd at in 2005. Clear enrollees were pre-screenef by the , and, if were provided with a card that gave them access to a specialpsecurity lane. Clear was operated by Verified Identityg Pass of NewYork City. As of June 4, Clear claimed to have enrolled morethan 260,000 fliers.
was among the 20 airports nationwid that offered theexpedited system. An airportf spokeswoman said the airport was not notifierd in advance and the Clear Lanewas closed. In it reported having more than 10,000 usersw pass through the lanes since the express servicwe was first offered there insummer 2007. “Clear Lanes Are No Longer Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unablse to negotiate an agreement with its seniorf creditor tocontinue operations.” There was no information abour whether enrollees would get refunds. The service cost $199 a year. Customers were mostly busineses travelers andfrequent fliers.
The program startedd at in 2005. Clear enrollees were pre-screenef by the , and, if were provided with a card that gave them access to a specialpsecurity lane. Clear was operated by Verified Identityg Pass of NewYork City. As of June 4, Clear claimed to have enrolled morethan 260,000 fliers.
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