Sky News Australia | Aquila Seeks Partner for $1.25 Billion Australian Coal Project W » |
Friday, November 30, 2012
Aquila Seeks Partner for $1.25 Billion Australian Coal Project - Wall Street Journal (blog)
sucujovide.wordpress.com
Tuesday, November 27, 2012
American Woodmark loses $2.9M - Business Courier of Cincinnati:
andreychukuze.blogspot.com
Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reporte d Friday that it lost $2.9 or 21 cents per dilute d share, in its fiscal fourth quarter endecApril 30. That compares to net incomse of $36,000, or zero cents per diluted share, in the year ago Restructuring charges in the quartefr amountedto $9.75 million and included the costs to permanentlyy close two factories and reducer its salaried payroll. Revenue in the quarte r slipped 2 percentto $140.7 For all of fiscal year 2009, American Woodmarki lost $3.23 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted share, in fiscal year 2008. Revenue for fiscall year 2009 declined 9 percentto $545.
9 million. American Woodmark is the third-largesf cabinet maker in the U.S., selling its products to homebuilders andat home-improvement stores aroun d the country. During the latest American Woodmark said it saw an increaser in remodeling sales but experienced greatef declines in its new construction business than experienced earliet in thefiscal year.
Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reporte d Friday that it lost $2.9 or 21 cents per dilute d share, in its fiscal fourth quarter endecApril 30. That compares to net incomse of $36,000, or zero cents per diluted share, in the year ago Restructuring charges in the quartefr amountedto $9.75 million and included the costs to permanentlyy close two factories and reducer its salaried payroll. Revenue in the quarte r slipped 2 percentto $140.7 For all of fiscal year 2009, American Woodmarki lost $3.23 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted share, in fiscal year 2008. Revenue for fiscall year 2009 declined 9 percentto $545.
9 million. American Woodmark is the third-largesf cabinet maker in the U.S., selling its products to homebuilders andat home-improvement stores aroun d the country. During the latest American Woodmark said it saw an increaser in remodeling sales but experienced greatef declines in its new construction business than experienced earliet in thefiscal year.
Friday, November 23, 2012
Small business index gains in April - Minneapolis / St. Paul Business Journal:
sucujovide.wordpress.com
points in April, with a majority of business owners expecting the economy to improve over the next three tosix months. The percentage of small business owners who are optimistic about the economy jumpes 24 points inthe ' monthlyh survey. Sales expectations, which hit a records low in March, improved by 20 Scores for six other indicatorssalso increased, enabling the index to rise to 86.8 still far below 100, the level that reflects small business conditionx in 1986. NFIB Chief Economist William Dunkelbercautioned “the improved number were still very low,” so “n immediate turnabout” is likely for the economy.
Abourt 30 percent of small businesses reduced employment over the pastthrew months, compared with 4 percent that increasedr the size of their work “It appears that owners are not through with theifr labor-based cost cutting,” Dunkelberg said. A net 14 percent of small-business ownera reported that loans were harderto get, the highesyt reading since the recessio of the early 1980s.
points in April, with a majority of business owners expecting the economy to improve over the next three tosix months. The percentage of small business owners who are optimistic about the economy jumpes 24 points inthe ' monthlyh survey. Sales expectations, which hit a records low in March, improved by 20 Scores for six other indicatorssalso increased, enabling the index to rise to 86.8 still far below 100, the level that reflects small business conditionx in 1986. NFIB Chief Economist William Dunkelbercautioned “the improved number were still very low,” so “n immediate turnabout” is likely for the economy.
Abourt 30 percent of small businesses reduced employment over the pastthrew months, compared with 4 percent that increasedr the size of their work “It appears that owners are not through with theifr labor-based cost cutting,” Dunkelberg said. A net 14 percent of small-business ownera reported that loans were harderto get, the highesyt reading since the recessio of the early 1980s.
Wednesday, November 21, 2012
Seen At 11: Airplane Germs Are Everywhere, Just Waiting To Make You Sick - CBS Local
houghtalingbaemo1268.blogspot.com
Seen At 11: Airplane Germs Are Everywhere, Just Waiting To Make You Sick CBS Local NEW YORK (CBS 2) â€" Someone usually tells you to “pack your patience†when you fly during the holidays. But what you should be doing is packing hand sanitizer. An investigation uncovered some unwelcome travel companions and how you can avoid ... |
Tuesday, November 20, 2012
Peabody, Shanxi Lu
ejoxot.wordpress.com
The Shaxi Mine, whicg is under construction, has the potentiaol to expand to 15 million tons or more per year in line with the developmentt of a new rail projec t that would serve electricitg customers and other industrial users in Central andEasternj China. In the cominv months, the companies said they plan to conducgt a feasibility study to evaluate technicalo requirements for next phases of which also includes other coal reserves in the region ownedby Lu’an.
“China is leading the worlfd in industrial growth and fuelinhg its progresswith coal,” said Peabody Energy Chairmabn and Chief Executive Gregory Boyce in a “Peabody has a growing presence in Asia and seeks to partner in world-class coal projects to fuel long-ternm energy needs …” Peabodyh has an expanding presence in China and is the only non-Chinesed partner in GreenGen, a near-zero emissionz power project in Tianjin.
The company is pursuing multiple partnerships in Asia that include a larg e surface mine and downstream coal conversion facilithy with the government ofInner Mongolia, China and other partners; and projects in which include the Peabody-Polo Resources joint China is the fastest-growing coal market in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumption by 2015. Lu’anb had $5 billion in revenue in 2008. Peabodyy Energy (NYSE: BTU) is the world’zs largest private-sector coal company, with revenue of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S.
electricityh generation and 2 percent ofworldwide electricity.
The Shaxi Mine, whicg is under construction, has the potentiaol to expand to 15 million tons or more per year in line with the developmentt of a new rail projec t that would serve electricitg customers and other industrial users in Central andEasternj China. In the cominv months, the companies said they plan to conducgt a feasibility study to evaluate technicalo requirements for next phases of which also includes other coal reserves in the region ownedby Lu’an.
“China is leading the worlfd in industrial growth and fuelinhg its progresswith coal,” said Peabody Energy Chairmabn and Chief Executive Gregory Boyce in a “Peabody has a growing presence in Asia and seeks to partner in world-class coal projects to fuel long-ternm energy needs …” Peabodyh has an expanding presence in China and is the only non-Chinesed partner in GreenGen, a near-zero emissionz power project in Tianjin.
The company is pursuing multiple partnerships in Asia that include a larg e surface mine and downstream coal conversion facilithy with the government ofInner Mongolia, China and other partners; and projects in which include the Peabody-Polo Resources joint China is the fastest-growing coal market in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumption by 2015. Lu’anb had $5 billion in revenue in 2008. Peabodyy Energy (NYSE: BTU) is the world’zs largest private-sector coal company, with revenue of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S.
electricityh generation and 2 percent ofworldwide electricity.
Monday, November 19, 2012
C-Forward Tech
grearqakususi1426.blogspot.com
But Brent Cooper, CEO of the Covington-base IT firm, found that when he referrex clients to others for such they sometimes reportedback unsatisfied. He decided it was time to keep them He recently launcheda “voice-over-Internet protocol” division, delivering voice communications over the Internet or other networks. “We would call people to help us, trying to find partners,” Coope r said. “We couldn’t find anybody who met the customer-service level s that we do.” The firm, with 18 has become a reseller of the phone a Windows-based product.
The technology means office employees might not even need a They can work directly throughtheir computers, usinb a wireless headset. Or they can route callse to theircell phones. They can even recored calls. It could mean savings: Officse phones can cost $200 each. Cooper expectz telephony to account for about 10 percent of his businessw for the next year or so and eventually reachb 20 percent to30 percent. The compant should finish this year with revenue ofabouyt $2 million, he said. Revenue grew 4 percentf in 2008, and growth could reach 9 percentthis year. West Chester-basee , which uses C-Forward for IT, has adoptex the telephone solution.
Internet telephony will only grow, said Bill of Dwyer, and the company wanted to be on top of the Abig bonus: No need to wait for service personnep to arrive if problems arise. “Their ability to log on from anywherse and do support is a really nice Bonekemper said. The product, Cooperf said, can cost $10,000 to $20,000 for a small company and $30,000 to $40,000 for a larger business. C-Forward openedr its first offices in Columbuslast year. In the next few Cooper hopes to open locations in Louisvilleand Lexington.
But Brent Cooper, CEO of the Covington-base IT firm, found that when he referrex clients to others for such they sometimes reportedback unsatisfied. He decided it was time to keep them He recently launcheda “voice-over-Internet protocol” division, delivering voice communications over the Internet or other networks. “We would call people to help us, trying to find partners,” Coope r said. “We couldn’t find anybody who met the customer-service level s that we do.” The firm, with 18 has become a reseller of the phone a Windows-based product.
The technology means office employees might not even need a They can work directly throughtheir computers, usinb a wireless headset. Or they can route callse to theircell phones. They can even recored calls. It could mean savings: Officse phones can cost $200 each. Cooper expectz telephony to account for about 10 percent of his businessw for the next year or so and eventually reachb 20 percent to30 percent. The compant should finish this year with revenue ofabouyt $2 million, he said. Revenue grew 4 percentf in 2008, and growth could reach 9 percentthis year. West Chester-basee , which uses C-Forward for IT, has adoptex the telephone solution.
Internet telephony will only grow, said Bill of Dwyer, and the company wanted to be on top of the Abig bonus: No need to wait for service personnep to arrive if problems arise. “Their ability to log on from anywherse and do support is a really nice Bonekemper said. The product, Cooperf said, can cost $10,000 to $20,000 for a small company and $30,000 to $40,000 for a larger business. C-Forward openedr its first offices in Columbuslast year. In the next few Cooper hopes to open locations in Louisvilleand Lexington.
Saturday, November 17, 2012
Wharton Gladden launches foundation - The Business Journal of the Greater Triad Area:
uvepexatawus.blogspot.com
The organization, Wharton Gladden Foundation, will support to group that assistwith homelessness, substance abuse and domestic violence. Whartoh Gladden & Co. sponsored a fundraiser for the foundationn onMay 30, with more than 100 businessese executives attending the Algenon Cash Charity Roastf and raising more than $5,000. “Ouf firm has a deep understanding of the power of givingv and we accept our responsibility to be goodcorporatee citizens” said Cash, Wharton’s managiny director of capital markets group. “It is not enougjh that we earn profits in the Triad without reinvestinyg back intothe long-term successd and health of the local communities.
” Moneyg raised at the charity event and by the foundationn will go to Triad charities to help with programming during the The investment firm also has committed to donatinh a percentage of annual profits to fund the foundation.
The organization, Wharton Gladden Foundation, will support to group that assistwith homelessness, substance abuse and domestic violence. Whartoh Gladden & Co. sponsored a fundraiser for the foundationn onMay 30, with more than 100 businessese executives attending the Algenon Cash Charity Roastf and raising more than $5,000. “Ouf firm has a deep understanding of the power of givingv and we accept our responsibility to be goodcorporatee citizens” said Cash, Wharton’s managiny director of capital markets group. “It is not enougjh that we earn profits in the Triad without reinvestinyg back intothe long-term successd and health of the local communities.
” Moneyg raised at the charity event and by the foundationn will go to Triad charities to help with programming during the The investment firm also has committed to donatinh a percentage of annual profits to fund the foundation.
Friday, November 16, 2012
Goodell says NFL will continue to evolve, get safer, more popular - CBSSports.com
qalymeled.wordpress.com
CBSSports.com | Goodell says NFL will continue to evolve, get safer, more popular CBSSports.com BOSTON -- Professional footb » |
Wednesday, November 14, 2012
Another drop in Colorado sales-tax revenue - Denver Business Journal:
iqukikofor.wordpress.com
percent — in May from the same montgh theyear before, girding legislators for what they expect will be anotherd round of cuts in next year’s fiscal budget. With the state most of the way through a fiscao year that ends onJune 30, no more cuts are likely for this year, said Joint Budget Committere Vice Chairman Jack Pommer, a Democratic representative from Boulder. The Legislature has designated that any furthere funding shortfall this year will be filled by money fromthe state’s undesignatee reserve fund and from a one-dayt borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectationsz means the six JBC members who setthe state’s budget must beginn looking soon at additional ways to scaled back expenses or services in next year’s fiscaol plan, several members “I guess this means we’re not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vd already made.” Legislators filled a $1.
4 budget shortfall over the past six month s by raiding the reserve funds, transferringg hundreds of millions of dollares from cash-funded accounts and cutting about $300 million in As revenues continue to come in below that talk will begin again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuak income taxes fell by $66.33 million or 19.7 percent, and corporate income taxe droppedby $2.2 million or 13.2 percent. State reservex have about $148 million that can be used to offsetyrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver.
If the state must transfedr funding temporarily, however, that will only push the problem of balancin the budget further off untiknext year, he said. “The question is: Does revenue in the futurr pick upif we’re starting to see or not?” Ferrandino “We’re starting to see some indications that the economy is starting to recover, if not level
percent — in May from the same montgh theyear before, girding legislators for what they expect will be anotherd round of cuts in next year’s fiscal budget. With the state most of the way through a fiscao year that ends onJune 30, no more cuts are likely for this year, said Joint Budget Committere Vice Chairman Jack Pommer, a Democratic representative from Boulder. The Legislature has designated that any furthere funding shortfall this year will be filled by money fromthe state’s undesignatee reserve fund and from a one-dayt borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectationsz means the six JBC members who setthe state’s budget must beginn looking soon at additional ways to scaled back expenses or services in next year’s fiscaol plan, several members “I guess this means we’re not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vd already made.” Legislators filled a $1.
4 budget shortfall over the past six month s by raiding the reserve funds, transferringg hundreds of millions of dollares from cash-funded accounts and cutting about $300 million in As revenues continue to come in below that talk will begin again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuak income taxes fell by $66.33 million or 19.7 percent, and corporate income taxe droppedby $2.2 million or 13.2 percent. State reservex have about $148 million that can be used to offsetyrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver.
If the state must transfedr funding temporarily, however, that will only push the problem of balancin the budget further off untiknext year, he said. “The question is: Does revenue in the futurr pick upif we’re starting to see or not?” Ferrandino “We’re starting to see some indications that the economy is starting to recover, if not level
Tuesday, November 13, 2012
BoaterExam New Mexico Launches Interactive Boater Education Course
hyperwave-exhausted.blogspot.com
June 15 /PRNewswire/ -- New Mexic o is the latest statwe to launch the new BoaterExamk interactive boater education course as an onlinw option to obtain the New Mexico BoatertEducation Card. Now, New Mexico residents will have accessz to an animated and narrated course they can take onlineswhen it's convenient for This boating education course is approvex by the National Association of State Boating Law Administrators recognized by the US Coast Guard and coverss 100 percent of the state's exam "We are extremely excited about this new courswe process," said , vice president, BoaterExam.com.
"The study guidre has more than 150 animations and practicer quizzes that will better prepare studentas to successfully complete thefinal exam." BoaterExam.cojm course participants learn about boat hull designs, motors, legal requirements for registratio and equipment, navigation rules, basic safety regulations and waterwahy marking systems all in a narrative fashiom with more than 300 original illustrations and 150 animatefd video clips. Each of the course's sevej chapters is followed by chapter summaries andpracticde quizzes. Students also have access to BoaterExam.com's industrt exclusive toll-free customer service help line from8 a.m. to 11 p.m. seven days a week.
A New Mexicko Boater EducationCard (ofteb mistakenly referred to as a 'boating license') is requiredd for all persons born on or afte January 1, 1989 who wish to operatse a powered watercraft on New Mexico waters. "Online education programx suchas BoaterExam.com provide an opportunity for peoplwe to be trained and educatee in boating safety techniques through an onlinr study guide that is animated and narrated," said , Education Director - Nationao Association of State Boating Law Administrators (NASBLA). The BoaterExam.co course and final exam is free: students pay a one-times fee of $29.95 only when they pass the final exam to obtaij theirofficial results.
Students can print off a temporarhycertificate immediately. The permanent Boater Educatiohn Card arrives by mailin 2-3 weeks. The Card is good for life and neveer needs tobe renewed. Passing a boater educationb course may also result in a discountf for boat or personalwatercraft insurance. For complete New Mexico boating regulations or for more informationh on the new BoaterExam NewMexicol course, visit . SOURCE BoaterExam.
com
June 15 /PRNewswire/ -- New Mexic o is the latest statwe to launch the new BoaterExamk interactive boater education course as an onlinw option to obtain the New Mexico BoatertEducation Card. Now, New Mexico residents will have accessz to an animated and narrated course they can take onlineswhen it's convenient for This boating education course is approvex by the National Association of State Boating Law Administrators recognized by the US Coast Guard and coverss 100 percent of the state's exam "We are extremely excited about this new courswe process," said , vice president, BoaterExam.com.
"The study guidre has more than 150 animations and practicer quizzes that will better prepare studentas to successfully complete thefinal exam." BoaterExam.cojm course participants learn about boat hull designs, motors, legal requirements for registratio and equipment, navigation rules, basic safety regulations and waterwahy marking systems all in a narrative fashiom with more than 300 original illustrations and 150 animatefd video clips. Each of the course's sevej chapters is followed by chapter summaries andpracticde quizzes. Students also have access to BoaterExam.com's industrt exclusive toll-free customer service help line from8 a.m. to 11 p.m. seven days a week.
A New Mexicko Boater EducationCard (ofteb mistakenly referred to as a 'boating license') is requiredd for all persons born on or afte January 1, 1989 who wish to operatse a powered watercraft on New Mexico waters. "Online education programx suchas BoaterExam.com provide an opportunity for peoplwe to be trained and educatee in boating safety techniques through an onlinr study guide that is animated and narrated," said , Education Director - Nationao Association of State Boating Law Administrators (NASBLA). The BoaterExam.co course and final exam is free: students pay a one-times fee of $29.95 only when they pass the final exam to obtaij theirofficial results.
Students can print off a temporarhycertificate immediately. The permanent Boater Educatiohn Card arrives by mailin 2-3 weeks. The Card is good for life and neveer needs tobe renewed. Passing a boater educationb course may also result in a discountf for boat or personalwatercraft insurance. For complete New Mexico boating regulations or for more informationh on the new BoaterExam NewMexicol course, visit . SOURCE BoaterExam.
com
Monday, November 12, 2012
Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - Orlando Business Journal:
titus-neither.blogspot.com
For the three months endinbg April 30, which Broomfield-based Vail Resorts (NYSE: MTN) regardsx as its third the mountain-resort and lodgings compangy posted earningsof $61.6 million, or $1.687 a share, down from $87.3 million, or $2.24 a in the same quarter a year earlier. Nevertheless, the company'sd profits beat Wall Street analysts' predictions. Analystsx on average had expected earningsof $1.56 per share, Thomson Reuterz reported. Vail Resorts reported Q3 revenuweof $333.5 million, down 21 percen from the year-ago Analysts had expected $339.7 million on average. It said operatingh expenses were down20 percent, to $198.1 million.
The company has saveds considerably through pay cuts and other Vail Resorts operatesthe Breckenridge, Vail, Keystones and Beaver Creek ski areas in Coloradol and Heavenly at Lake Tahoe on the California-Nevada It also operates , a chain of luxuryh hotels. The company said its earningz were helped by a 26 percent increasein 2008-09 season-pasa revenue through increased sales and higher pass prices. But lift-ticket revenue was down 11 percent and skierr visits were off9 percent. retail and ski school revenusalso declined. Real estate revenue was down 82 percent; the companuy said it sold only one condo unit in the quarteer versus 17 ayear ago.
The quarterly results "were impacted by the continuefd severe downturn inthe economy, driving lower destination visitatiob in the quarter," CEO Rob Katz said in a Vail Resorts said its outlook for the full fiscal year is for earninge of $41 million to $51 "We are extremely pleased with the significanft increase in our advance spring periof pass sales for our upcominvg 2009/2010 ski season," Katz .
For the three months endinbg April 30, which Broomfield-based Vail Resorts (NYSE: MTN) regardsx as its third the mountain-resort and lodgings compangy posted earningsof $61.6 million, or $1.687 a share, down from $87.3 million, or $2.24 a in the same quarter a year earlier. Nevertheless, the company'sd profits beat Wall Street analysts' predictions. Analystsx on average had expected earningsof $1.56 per share, Thomson Reuterz reported. Vail Resorts reported Q3 revenuweof $333.5 million, down 21 percen from the year-ago Analysts had expected $339.7 million on average. It said operatingh expenses were down20 percent, to $198.1 million.
The company has saveds considerably through pay cuts and other Vail Resorts operatesthe Breckenridge, Vail, Keystones and Beaver Creek ski areas in Coloradol and Heavenly at Lake Tahoe on the California-Nevada It also operates , a chain of luxuryh hotels. The company said its earningz were helped by a 26 percent increasein 2008-09 season-pasa revenue through increased sales and higher pass prices. But lift-ticket revenue was down 11 percent and skierr visits were off9 percent. retail and ski school revenusalso declined. Real estate revenue was down 82 percent; the companuy said it sold only one condo unit in the quarteer versus 17 ayear ago.
The quarterly results "were impacted by the continuefd severe downturn inthe economy, driving lower destination visitatiob in the quarter," CEO Rob Katz said in a Vail Resorts said its outlook for the full fiscal year is for earninge of $41 million to $51 "We are extremely pleased with the significanft increase in our advance spring periof pass sales for our upcominvg 2009/2010 ski season," Katz .
Saturday, November 10, 2012
GM files for bankruptcy, plans to transfer operations to Wentzville - Dallas Business Journal:
kapitonragomo.blogspot.com
Some operations and equipment from a steelo stamping plant inGrandx Rapids, Mich., which is slated to closr as part of the automaker's restructuring, will be transferredc to Wentzville, according to Bob Wheeler, a spokesman for the Wentzvilles plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambi at9 a.m. Mondagy to assure him the local plangt wouldremain open. "It's good that they are shippinfg in work forthis plant," Lambiu said.
"That's a positive that corporats thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shutterf its Fenton factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversift its revenue stream. When Lambi took office sevem years ago, Wentzville countedx on GM for about 55 to 60 percent of itstotaol revenue. Today, that's more like 15 percent of the city'sd $24 million general fund, because GM pays the city aboug $3 million a year in real estate taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzviller plant was sparedbecause it’s the only plantf where Chevrolet Express and GMC Savana vans are made, The Wentzvilles plant will still undergo a previouslty announced and other production cuts in June and July that will resultr in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largesft in U.
S. history and largest-ever U.S. manufacturing bankruptcy. GM listesd $173 billion in liabilities and $82 billion in according to the filed in New GMto St. Louis’ largesgt privately held company, Enterprise Rent-a-Car, and to Chapterr 11, which allows the company to operatw while protected fromits creditors, pushes GM into a fast-track bankruptcy and provides $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officials woulrd allow a much smaller GM to emergee from court protection within 60 to 90 The automaker has not providedc an updated target for job cuts but was looking toeliminate 21,000 U.S.
factory jobs from the 54,000 uniomn members it now employs. General Motorse employs 92,000 in the United States and is indirectlhy responsiblefor 500,000 retirees. The U.S. government would hold a 60 percent financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadq and the province of Ontario have agreed to a 12 percen ownership stake in exchange forfinancial aid. GM bondholderss would get 10 percent. "It’s a bitterswee thing," Wheeler said. "You hate to have to go throughu the process of closingt plants andeliminating jobs, but look around, that’ds what's going on with a lot of industries.
Hopefully we can hire people in the future and be the vibrang company weonce were." Download a copy of the
Some operations and equipment from a steelo stamping plant inGrandx Rapids, Mich., which is slated to closr as part of the automaker's restructuring, will be transferredc to Wentzville, according to Bob Wheeler, a spokesman for the Wentzvilles plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambi at9 a.m. Mondagy to assure him the local plangt wouldremain open. "It's good that they are shippinfg in work forthis plant," Lambiu said.
"That's a positive that corporats thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shutterf its Fenton factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversift its revenue stream. When Lambi took office sevem years ago, Wentzville countedx on GM for about 55 to 60 percent of itstotaol revenue. Today, that's more like 15 percent of the city'sd $24 million general fund, because GM pays the city aboug $3 million a year in real estate taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzviller plant was sparedbecause it’s the only plantf where Chevrolet Express and GMC Savana vans are made, The Wentzvilles plant will still undergo a previouslty announced and other production cuts in June and July that will resultr in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largesft in U.
S. history and largest-ever U.S. manufacturing bankruptcy. GM listesd $173 billion in liabilities and $82 billion in according to the filed in New GMto St. Louis’ largesgt privately held company, Enterprise Rent-a-Car, and to Chapterr 11, which allows the company to operatw while protected fromits creditors, pushes GM into a fast-track bankruptcy and provides $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officials woulrd allow a much smaller GM to emergee from court protection within 60 to 90 The automaker has not providedc an updated target for job cuts but was looking toeliminate 21,000 U.S.
factory jobs from the 54,000 uniomn members it now employs. General Motorse employs 92,000 in the United States and is indirectlhy responsiblefor 500,000 retirees. The U.S. government would hold a 60 percent financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadq and the province of Ontario have agreed to a 12 percen ownership stake in exchange forfinancial aid. GM bondholderss would get 10 percent. "It’s a bitterswee thing," Wheeler said. "You hate to have to go throughu the process of closingt plants andeliminating jobs, but look around, that’ds what's going on with a lot of industries.
Hopefully we can hire people in the future and be the vibrang company weonce were." Download a copy of the
Friday, November 9, 2012
Dan Snyder stays at Six Flags under reorganization - San Antonio Business Journal:
tenamup.wordpress.com
Six Flags is also seeking a $600 million loan, secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan would keep Snydere as board member and Mark Shapiro, currently chief executive, as well as chief financial officer Jeffrey Speed and several othe r top management would also stay on in executivd roles. Six Flags, which announcee its Chapter 11 bankruptcy filin overthe weekend, listed $2.4 billion in debt and $3 billion in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 millionb in preferred stock.
Snyder and his managemenyt team, who took control of the theme park operatord three and a halfyears ago, have not been able to returm the company to profitability, despite increasinf attendance and selling several parkws to raise capital last The company reported a $146 million first quarteer loss. Six Flags has said its reorganizatio will not affect park operations and its vendors and employeez will continue tobe paid. Six Flag 20 theme parks includein Largo.
Six Flags is also seeking a $600 million loan, secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan would keep Snydere as board member and Mark Shapiro, currently chief executive, as well as chief financial officer Jeffrey Speed and several othe r top management would also stay on in executivd roles. Six Flags, which announcee its Chapter 11 bankruptcy filin overthe weekend, listed $2.4 billion in debt and $3 billion in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 millionb in preferred stock.
Snyder and his managemenyt team, who took control of the theme park operatord three and a halfyears ago, have not been able to returm the company to profitability, despite increasinf attendance and selling several parkws to raise capital last The company reported a $146 million first quarteer loss. Six Flags has said its reorganizatio will not affect park operations and its vendors and employeez will continue tobe paid. Six Flag 20 theme parks includein Largo.
Tuesday, November 6, 2012
Montelucia Resort makes splash with grand opening - Phoenix Business Journal:
vuwodu.wordpress.com
Developed by Robert Flaxman and his Crown Realtyh Development and Intercontinental Hotels the 34-acre resort features 253 guest rooms, 40 suites, five pools, 27,000 squars feet of meeting space as well as its signaturew restaurant Prado and Joya, a 31,000-square-foot spa. The mornintg event attracted city and tourism including Paradise Valley Mayor Vernon CityCouncil members; Rachel Sacco, president and chief executive of the Scottsdalde Convention and Visitors Bureau; Doug MacKenzie, communications director of the Greatet Phoenix Convention and Visitors Margie Emmermann, director of the Arizon a Office of Tourism; and Rick Kidder, chief executive of the Scottsdalre Chamber of Commerce.
“It’s hard to believe that this was once the LaPosadza resort,” Kidder said, eyeing the Mediterranean-like surroundings on a brislk Arizona morning. During a short ceremony, Generalk Manager Valeriano Antonioli led events that included a ribbonm cutting and comments fromhotelk executives, city leaders and tourism officials. Emmerman said the property is going to be activel marketed by tourism and industry officials alike becaused of itsunique luxury. “Our brandr promise is about inspiring unforgettableSouthwesf moments,” Emmermann said.
Flaxman also spokde about the challenges in bringing his vision to reality and his satisfaction seeing it cometo “I truly believe that this property is one of a This will elevate the entire tourism industryy in the Valley and it’s one that will stand out on the internationall scene,” Flaxman said. Antonioli brought the crowdd of 200 intothe resort’s central square and introduced each aspecgt of the facility.
The crisp presentation had the doorw of wedding chapel open on cue to an extravagantf table set with candles and membersz of the dining staff pouring out of Prado offering samples to the Staff then took small groupas on tours of the The Montelucia’s restaurants and spa are open to the publid and reservations are being accepted for the wedding chapel, meetinhg spaces, rooms and suites. For more:
Developed by Robert Flaxman and his Crown Realtyh Development and Intercontinental Hotels the 34-acre resort features 253 guest rooms, 40 suites, five pools, 27,000 squars feet of meeting space as well as its signaturew restaurant Prado and Joya, a 31,000-square-foot spa. The mornintg event attracted city and tourism including Paradise Valley Mayor Vernon CityCouncil members; Rachel Sacco, president and chief executive of the Scottsdalde Convention and Visitors Bureau; Doug MacKenzie, communications director of the Greatet Phoenix Convention and Visitors Margie Emmermann, director of the Arizon a Office of Tourism; and Rick Kidder, chief executive of the Scottsdalre Chamber of Commerce.
“It’s hard to believe that this was once the LaPosadza resort,” Kidder said, eyeing the Mediterranean-like surroundings on a brislk Arizona morning. During a short ceremony, Generalk Manager Valeriano Antonioli led events that included a ribbonm cutting and comments fromhotelk executives, city leaders and tourism officials. Emmerman said the property is going to be activel marketed by tourism and industry officials alike becaused of itsunique luxury. “Our brandr promise is about inspiring unforgettableSouthwesf moments,” Emmermann said.
Flaxman also spokde about the challenges in bringing his vision to reality and his satisfaction seeing it cometo “I truly believe that this property is one of a This will elevate the entire tourism industryy in the Valley and it’s one that will stand out on the internationall scene,” Flaxman said. Antonioli brought the crowdd of 200 intothe resort’s central square and introduced each aspecgt of the facility.
The crisp presentation had the doorw of wedding chapel open on cue to an extravagantf table set with candles and membersz of the dining staff pouring out of Prado offering samples to the Staff then took small groupas on tours of the The Montelucia’s restaurants and spa are open to the publid and reservations are being accepted for the wedding chapel, meetinhg spaces, rooms and suites. For more:
Monday, November 5, 2012
McKee tries to ease project concerns with YouTube video - San Antonio Business Journal:
humojo.wordpress.com
McKee said his companuy has spent $1.4 million on mowing lawns, boarding up buildings and maintaining propertiex on theNorth “I know that some of you thinki we haven’t maintained them properly,” he said in a video of sittinb behind his office’s desk. “Maybe a few years ago we but we haveworked very, very hard to do this and to do it rightf … Many people think that we own all the derelictf buildings on the North which is certainly not the He then encouraged residents to call his officer at 636-561-9300 to repor building maintenance problems.
McKee also trierd to ease fears abou the restoration ofhistoric buildings, including the , sayingt that most of the buildings will not be destroyexd and many will be Residents and city leaders have also raised questions about whetherd this project is any different from “The differencwe is we did not bring this forward until we had enoughb land to make this McKee said. “That’s why we have been so quiet for fiveyearz … But after spending five years and millions of dollarws buying land and analyzing the visio n and creating the I firmly believe this project will Pending a process for capturing public input and statw tax credits, McKee said his company woulx like to start some infrastructure work in earlyy spring 2010.
The include 3.5 milliohn square feet of office space, one millioj square feet of retail space, one millionm square feet of servicetech space, four corporatwe campuses and 10,000 houses in a dozen differenrt residential neighborhoods spread out over 2,100 acres.
McKee said his companuy has spent $1.4 million on mowing lawns, boarding up buildings and maintaining propertiex on theNorth “I know that some of you thinki we haven’t maintained them properly,” he said in a video of sittinb behind his office’s desk. “Maybe a few years ago we but we haveworked very, very hard to do this and to do it rightf … Many people think that we own all the derelictf buildings on the North which is certainly not the He then encouraged residents to call his officer at 636-561-9300 to repor building maintenance problems.
McKee also trierd to ease fears abou the restoration ofhistoric buildings, including the , sayingt that most of the buildings will not be destroyexd and many will be Residents and city leaders have also raised questions about whetherd this project is any different from “The differencwe is we did not bring this forward until we had enoughb land to make this McKee said. “That’s why we have been so quiet for fiveyearz … But after spending five years and millions of dollarws buying land and analyzing the visio n and creating the I firmly believe this project will Pending a process for capturing public input and statw tax credits, McKee said his company woulx like to start some infrastructure work in earlyy spring 2010.
The include 3.5 milliohn square feet of office space, one millioj square feet of retail space, one millionm square feet of servicetech space, four corporatwe campuses and 10,000 houses in a dozen differenrt residential neighborhoods spread out over 2,100 acres.
Saturday, November 3, 2012
Boston College drops another - Boston Herald
ogarawo.wordpress.com
Boston Globe | Boston College drops another Boston Herald WINSTON-SALEM, N.C. â€" The combination of giveaways and missed opportunities led to Boston College dropping a 28-14 decision to Wake Forest yesterday at Groves Stadium. The Eagles fell to 2-7 over » |
Friday, November 2, 2012
GM files for bankruptcy, plans to transfer operations to Wentzville - Jacksonville Business Journal:
pemp66seb.blogspot.com
Some operations and equipment from a steel stampingg plant inGrand Rapids, Mich., which is slateds to close as part of the automaker's will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet known how many, if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lamb at9 a.m. Monday to assure him the local plantr wouldremain open. "It's good that they are shipping in work forthis plant," Lambi said. "That'ss a positive that corporate thinks this plant willbe around.
" Still, Lambi said, rival automaker Chryslerf plans to shutter its Fentoh factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifgy its revenue stream. When Lambi took officwe seven years ago, Wentzville counted on GM for abougt 55 to 60 percent of itstotao revenue. Today, that's more like 15 percengt of the city's $24 million general fund, because GM pays the city abouy $3 million a year in real estate taxes, property taxesd and other fees, he said.
GM on Monday by the end of but the Wentzville plant was sparedbecausr it’s the only plant wherew Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previousluy announced and other production cuts in June and July that will resulft in the layoffs of 300 workers. Monday’sd Chapter 11 filing by the 101-year-olfd automaker is among the largesgtin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listedx $173 billion in liabilities and $82 billion in according to the filed in New GMto St.
Louis’ largest privately held Enterprise Rent-a-Car, and to Chapter 11, which allow the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billion of additional taxpayer funds to restructure. The GM plan as detailed by U.S. officialw would allow a much smallee GM to emerge from courgt protection within 60 to90 days. The automaker has not provided an updatede target for job cuts but was lookingg toeliminate 21,000 U.S. factory jobs from the 54,000 uniomn members it now employs. General Motors employ s 92,000 in the United States and is indirectluy responsiblefor 500,000 retirees. The U.S.
government would hold a 60 percent financial interest in areorganized GM, and the UAW would take a 17.5 percenft stake. The governments of Canada and the provincer of Ontario have agreed to a 12 percenrt ownership stake in exchange forfinancial aid. GM bondholders woulf get 10 percent. "It’s a bittersweet thing," Wheelerr said. "You hate to have to go through the process of closing plants andeliminatingg jobs, but look around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantg company we once were.
" Download a copy of the
Some operations and equipment from a steel stampingg plant inGrand Rapids, Mich., which is slateds to close as part of the automaker's will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet known how many, if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lamb at9 a.m. Monday to assure him the local plantr wouldremain open. "It's good that they are shipping in work forthis plant," Lambi said. "That'ss a positive that corporate thinks this plant willbe around.
" Still, Lambi said, rival automaker Chryslerf plans to shutter its Fentoh factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifgy its revenue stream. When Lambi took officwe seven years ago, Wentzville counted on GM for abougt 55 to 60 percent of itstotao revenue. Today, that's more like 15 percengt of the city's $24 million general fund, because GM pays the city abouy $3 million a year in real estate taxes, property taxesd and other fees, he said.
GM on Monday by the end of but the Wentzville plant was sparedbecausr it’s the only plant wherew Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previousluy announced and other production cuts in June and July that will resulft in the layoffs of 300 workers. Monday’sd Chapter 11 filing by the 101-year-olfd automaker is among the largesgtin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listedx $173 billion in liabilities and $82 billion in according to the filed in New GMto St.
Louis’ largest privately held Enterprise Rent-a-Car, and to Chapter 11, which allow the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billion of additional taxpayer funds to restructure. The GM plan as detailed by U.S. officialw would allow a much smallee GM to emerge from courgt protection within 60 to90 days. The automaker has not provided an updatede target for job cuts but was lookingg toeliminate 21,000 U.S. factory jobs from the 54,000 uniomn members it now employs. General Motors employ s 92,000 in the United States and is indirectluy responsiblefor 500,000 retirees. The U.S.
government would hold a 60 percent financial interest in areorganized GM, and the UAW would take a 17.5 percenft stake. The governments of Canada and the provincer of Ontario have agreed to a 12 percenrt ownership stake in exchange forfinancial aid. GM bondholders woulf get 10 percent. "It’s a bittersweet thing," Wheelerr said. "You hate to have to go through the process of closing plants andeliminatingg jobs, but look around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantg company we once were.
" Download a copy of the
Thursday, November 1, 2012
Hawaii has 5th-lowest obesity rate in U.S. - Pacific Business News (Honolulu):
tenamup.wordpress.com
In the study, “F as in Fat: How Obesitg Policies Are Failing in America compiled by the Trustfor America’sw Health and the , 21.8 percent of Hawaii’s adult population fell into the obesr range. Southern states reported the highest obesity ratex inthe study. Eight of the top 10 were in the Mississippiwas No. 1, with 32.5 percent of adults overweight. Hawaii didn’t fare as well, however, in the rate of obesde childrenages 10-17. Hawaii ranked No. 37 with 28.5 Obesity rates are on the rise nationwide. Accordinf to the study, 23 statese reported an increase inadult obesity. No states reporteds a decrease intheir percentages.
In addition, 30 state s reported childhood obesity rates of 30 percent or higher. The study attributes the increasing ratew toseveral factors, including economic conditions that may resulg in higher food prices and increased level s of depression and stress, which have been linked to To see the full report, click .
In the study, “F as in Fat: How Obesitg Policies Are Failing in America compiled by the Trustfor America’sw Health and the , 21.8 percent of Hawaii’s adult population fell into the obesr range. Southern states reported the highest obesity ratex inthe study. Eight of the top 10 were in the Mississippiwas No. 1, with 32.5 percent of adults overweight. Hawaii didn’t fare as well, however, in the rate of obesde childrenages 10-17. Hawaii ranked No. 37 with 28.5 Obesity rates are on the rise nationwide. Accordinf to the study, 23 statese reported an increase inadult obesity. No states reporteds a decrease intheir percentages.
In addition, 30 state s reported childhood obesity rates of 30 percent or higher. The study attributes the increasing ratew toseveral factors, including economic conditions that may resulg in higher food prices and increased level s of depression and stress, which have been linked to To see the full report, click .
Subscribe to:
Posts (Atom)