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The redevelopment of the land fronting Baltimor Pike is the most significantf project to face Middletow in years and has the potential to change the character of this DelawarreCounty town. So far, developers have proposed three dramatically differing plans for the controversial project in an effort to come up with something that the communithy will embrace and that township planners and officials will signoff on. It’s too early to tell if the thirc time may bethe charm. Even this latest versio has detractors. “There’s no demand for any of this that they are said LarryWeathers Jr.
, who once served on the plannin commission and is a town The developers, which bought the land in June are hopeful this latest plan will stick even though it has drawbn fire from Weathers and a groupo called Save Middletown, which publishes a Web site monitoriny the project’s progress. The latest plan evolveed out of a charrette held last August involving stakeholderxs includinglocal residents, SEPTA and PennDOT. “What has evolvex was remarkably different from the original plan andthe by-righty plan,” said Frank McKee, president of the , one of the four involverd developers.
McKee Group focusez on active adult housing and also owns office The other developers includeDeweg Cos., a single-family homebuilder; , which constructs residential and mixed-use and , a retail developer. What makez this latest offering different? “This is a community-driven plan,” McKee The new plan calls for constructing 980residentialk units, 230,000 square feet of office 798,000 square feet of retailp space and 225 hotel The by-right plan, which meanws the developers don’t need to go through the local approvalo process because the land is zoned appropriately for a proposefd use, called for 1.5 million squarse feet of office and industrial space.
That’s what the developersx envisioned last year after scrapping a town center idea comprisedsof 1,300 residential units, 400,000 squarew feet of office space, 1.4 million squarew feet of retail spacew and 300 hotel rooms. A new $80 million SEPTsA project will sit on the The Wawa station is the endpoint ofa three-mild extension of the R-3 Media-Elwynh line. Construction will begin on the station later this year and is schedulerd to be completedby 2013, according to a SEPTAs spokeswoman. The station is independengt of the redevelopment of the FranklibnMint property.
The fate of the Franklih Mint site has been in a state of suspense sinc around 2004 when it ceased operationas in Middletown and its owners began selling its commemorative baubles It has a richlocao history. It was founded in 1964 by Joe whose first Franklin Mint plant was in It eventually moved to the site onBaltimorew Pike. Segel retired in 1973 when Franklibn Mint was a public It was sold in 1980by Segel’ds successor to , which bought the public stock. It was sold againh five years later to Stewart and Lynda Resnickof California. An investo r group that also owns Morgaj Mint bought the companyin 2006. The biggesrt issue facing the proposalis density, said Scot D.
Galloway, who has sat on township councilsince 1993. Othere concerns include traffic, stormwater managemenr and setbacks. So far, the developers have been receptivewto suggestions, said Galloway, who declined to give an opinion on the currenrt proposal since it may changed before he gets a chance to review and vote on it. who sat on the planning commission in 1978 when a masteer zoning ordinancewas written, believes the by-right plan is the best and the existiny Franklin Mint building should be Barring that plan, Weathers would like to see a residentialo development with a small retail “This plan comes in and the density of it is absolutelt ridiculous,” he said, adding that building “destination where people will travel to can’t be supported.
“We have in the centerd of the township the Granite Run whichis struggling, so we’re going to add more. We are goinh to end up with a whites elephant.” McKee, speaking for the developers, knowsa the plan may get tweaked again as it wendxs through the approval processs but feels good that what is being presentedx comes fromthe charrette. The new development would add to the townshi andschool district’s coffers, giving it $439,000 a year in net according to the developer’s calculation. The by-rightr plan would give the townshipo $39,000 a year in The school district would also benefit by thenew plan, McKee said. It would receive $6.
3 milliomn in new revenues annually comparedwith $2.9 milliohn a year under the by-right McKee is also confidenty demand supports additional retail developmenft in Middletown. “We definitely have retailerds forthis site,” he said. While the project would be constructesin phases, he said retaikl would likely would be the first to be kickeds off. He figures ground breaking wouldn’t take placwe for at least two years. “Ws think we’re in pretty good shape,” McKee “We own the property free and clear and all four of us are in a stronhfinancial position.
”
Friday, June 29, 2012
Thursday, June 28, 2012
Boston death linked to H1N1 virus - Boston Business Journal:
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The patient was hospitalized June 12 and died six days onJune 18. On his tests results came back positive for The patient had several serious underlying health conditions that placed him at high risk of complicatione fromthe flu, according to public health officials. “It is with great sadness that we have learne today of the death of a Bostonm resident from illness associatedwith H1N1. We extend our deepesy sympathy tothis person’s familyt and friends,’’ said Barbara Ferrer, executive directoe of the . “While most cases of H1N1 in Bostonj and nationwide have beenless severe, this news demonstrates how seriouzs influenza can be.
” Public health officials are urgingy people to take precautions, including hand coughing into a sleeve, avoiding contact with sick peopl and staying home from work or school for 24 hourd following an illness. Severapl groups are more vulnerable to H1N1 accordingto officials, including babies, the elderly, pregnant women and those with chronic illnesses such as asthmaz or diabetes. As of Friday, June 26, thers were 474 confirmed cases of H1N1 flu in Boston and 70 In Massachusetts, there were 1,287 confirmed caseds and 134 hospitalizations as of Thursday, June 25.
The patient was hospitalized June 12 and died six days onJune 18. On his tests results came back positive for The patient had several serious underlying health conditions that placed him at high risk of complicatione fromthe flu, according to public health officials. “It is with great sadness that we have learne today of the death of a Bostonm resident from illness associatedwith H1N1. We extend our deepesy sympathy tothis person’s familyt and friends,’’ said Barbara Ferrer, executive directoe of the . “While most cases of H1N1 in Bostonj and nationwide have beenless severe, this news demonstrates how seriouzs influenza can be.
” Public health officials are urgingy people to take precautions, including hand coughing into a sleeve, avoiding contact with sick peopl and staying home from work or school for 24 hourd following an illness. Severapl groups are more vulnerable to H1N1 accordingto officials, including babies, the elderly, pregnant women and those with chronic illnesses such as asthmaz or diabetes. As of Friday, June 26, thers were 474 confirmed cases of H1N1 flu in Boston and 70 In Massachusetts, there were 1,287 confirmed caseds and 134 hospitalizations as of Thursday, June 25.
Tuesday, June 26, 2012
Facebook Adds Sandberg to Board as First Female Director - Businessweek
takes-trendsthe.blogspot.com
New York Times | Facebook Adds Sandberg to Board as First Female Director Businessweek Facebook Inc. (FB) (FB), facing criticism for a lack of diversity on its board, appointed Chief Operating Officer Sheryl Sandberg as its first female director. Facebook names 1st woman, Chief Operating Officer Sheryl ... < nobr>Washington Post Sandberg Joins Facebook's Board Facebook taps COO Sheryl Sandberg to be first woman on board |
Monday, June 25, 2012
Solar Array, Gen. Mills detail expansions - Business Courier of Cincinnati:
Refrigerators
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturinhgfacility here, Keith general manager of the local facility, told members of . AED held its quarterlyg meeting Thursdayat . Joe Hudgins, president and CEO of Solar Array outlinedhis company’s plan to build a massivse solar manufacturing plant on the city’s General Mills’ expansion should be completerd by November, Bone said. The cereal manufacturet will hire 60additional employees, bringing additional payroll to the area of $3.5 million. The expansionm also brings $30 million in spendingf to New Mexico.
The Albuquerque City Councikl approveda $100 millionj industrial revenue bond deal for the companyh in February. BE&K Corp. from Northb Carolina landed the design/build contract to builde the expansion, but Bone said 80 percenty of the firm’s spending and employeed will be local. The precast panels being used in the construction are manufacturecin Belen. General Milles has been in Albuquerqudesince 1991. Its current facility is locate near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plant produces abouty 135 million pounds annually of 35differentf cereals.
The facility also has a lab on-site where the instructions for baking General Mills productss at high altitudes are The company has givenabout $5 million to area nonprofitds since 1998 and $519,009 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donationsd illustrate one of the things the organization lookds for inrecruiting companies: communitg involvement. Hudgins said Solar Array plans to breamk ground by the third quarter of this year ona 225,000-square-fooy thin-film photovoltaic manufacturing plant in the Cordero Mesa business park, west of the mattresa factory.
The company plans to add thres more buildings of that size as it he said, with each facility employint about 225. Its annualo payroll in the first phasw wouldbe $14 million. About five percent of the jobs would pay 45 percent wouldpay $70,009 and half of the jobs would pay The capital investment for the first phase will be $170 million and the compan would spend $40 million annuallyy for raw materials. The first phase is expected to have a capacitgy of75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will servwe as a community and educationao center.
Solar Array is seeking $175 millioh in industrial revenue bonds from Bernalillo The company is working toraise $210 millioh in debt and Hudgins said. Hudgins said New Mexico beat out two othert states forthe plant, despitr the fact that it did not offer the largest incentives. But the coordinatioh among local and state government officialx and other parties made New Mexicp far more efficient in establishing a planniny framework that the company could then use to plan a budgeg forthe plant, he said “That was a major issuer for us,” Hudgins said. He also praised the laboe force here and theeducationalp institutions.
The facility is being designed byPageSoutherlandPage LLP, which has Texas officees in Austin, Dallas and Houston, as well as Denver, D.C. and London, U.K. Hoffman based in Portland, Ore., is building the facility.
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturinhgfacility here, Keith general manager of the local facility, told members of . AED held its quarterlyg meeting Thursdayat . Joe Hudgins, president and CEO of Solar Array outlinedhis company’s plan to build a massivse solar manufacturing plant on the city’s General Mills’ expansion should be completerd by November, Bone said. The cereal manufacturet will hire 60additional employees, bringing additional payroll to the area of $3.5 million. The expansionm also brings $30 million in spendingf to New Mexico.
The Albuquerque City Councikl approveda $100 millionj industrial revenue bond deal for the companyh in February. BE&K Corp. from Northb Carolina landed the design/build contract to builde the expansion, but Bone said 80 percenty of the firm’s spending and employeed will be local. The precast panels being used in the construction are manufacturecin Belen. General Milles has been in Albuquerqudesince 1991. Its current facility is locate near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plant produces abouty 135 million pounds annually of 35differentf cereals.
The facility also has a lab on-site where the instructions for baking General Mills productss at high altitudes are The company has givenabout $5 million to area nonprofitds since 1998 and $519,009 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donationsd illustrate one of the things the organization lookds for inrecruiting companies: communitg involvement. Hudgins said Solar Array plans to breamk ground by the third quarter of this year ona 225,000-square-fooy thin-film photovoltaic manufacturing plant in the Cordero Mesa business park, west of the mattresa factory.
The company plans to add thres more buildings of that size as it he said, with each facility employint about 225. Its annualo payroll in the first phasw wouldbe $14 million. About five percent of the jobs would pay 45 percent wouldpay $70,009 and half of the jobs would pay The capital investment for the first phase will be $170 million and the compan would spend $40 million annuallyy for raw materials. The first phase is expected to have a capacitgy of75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will servwe as a community and educationao center.
Solar Array is seeking $175 millioh in industrial revenue bonds from Bernalillo The company is working toraise $210 millioh in debt and Hudgins said. Hudgins said New Mexico beat out two othert states forthe plant, despitr the fact that it did not offer the largest incentives. But the coordinatioh among local and state government officialx and other parties made New Mexicp far more efficient in establishing a planniny framework that the company could then use to plan a budgeg forthe plant, he said “That was a major issuer for us,” Hudgins said. He also praised the laboe force here and theeducationalp institutions.
The facility is being designed byPageSoutherlandPage LLP, which has Texas officees in Austin, Dallas and Houston, as well as Denver, D.C. and London, U.K. Hoffman based in Portland, Ore., is building the facility.
Sunday, June 24, 2012
Bright idea: Marvin Dufner makes millions recycling bulbs - Washington Business Journal:
stockdaleiqemico1521.blogspot.com
After building his fluorescent light bulbrecyclingg company, H.T.R. Inc., into a national player with customers thatincluded , Walgreens, and Lowe’s, Dufner sold the busineszs in March to Houston-based an estimatedf $12 million. H.T.R.’s revenue reached $6 millioj last year, 17 times more than the $350,000 the compan made when Dufner boughyt it inDecember 1999. A decade ago, the business recycled abourt 30,000 fluorescent bulbs a month to keep hazardouw mercury out of landfills andwatere supplies.
That number reacher about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partner and chieff operating officer, decided they needed to eithee invest a large amount of capital to open additional recycling facilities or find a strategic partner or buyefr for their business. Dufner turned to lifelong frienf James Stuart ofin Clayton. Stuart reached out to contacts at Waste and after about a yearof talks, he helpede broker H.T.R.’s sale. Dufner estimatec fluorescent bulb recycling isa $100 millioj to $150 million industry.
Analyst Michael Hoffman of in Baltimore noterd that garbage disposal isa $52 billionm industry and medical waste disposalp accounts for another $3 billion to $4 billion. Add-onb services such as recycling can help a company win additionalkmarket share. “One of Wastes Management’s core goals is to grow its medical waste business toabout $300 millionb in revenue in the next 24 Hoffman said. “Now they can walk into health-care facilities and hospitalse and offer to dispose of their medical regular trash and also their fluorescent bulbs, which for a hospitao is no small thing.” Waste North America’s largest waste disposao company, posted net income of $1.
09 billion on revenue of $13.4r billion last year and employse about 46,000. Dufner, 54, grew up in Granitew City and St. Louis, attending and at Carbondale. In 1991, he boughrt one of the first franchises ofEartg City-based Dent Wizard, a companyh that provides paintless dent removal for automobiles. Dufner moverd to Atlanta to run his territory of Georgia and Alabama. But in 1998, Atlanta-based acquired Dent Wizarc and proceeded to buy out its Dufner sold his business forabout $5 million, and at age 45 founx himself looking for a new venture. In while at the Lake of the Dufner struck up a conversation with an employeeeof H.T.R.
, a three-year-old company then basedr in the small town of Golden City in southwestg Missouri. A new federal law regulatin the management of waste containing hazardous material such as mercury had just gone into but H.T.R.’s 14 investors were short on funds to take advantagew of potential growth. Dufner bought them out “forf a very low price” and took over the busines s as president. Dufner recruited a friend who owned a gun storein St. Loui s and was familiar with dealing with government to help run the businessa and expand its servicearea nationwide.
They investedc in some tractor-trailers and started picking up burned-out fluorescent bulbs from all over the countru and hauling them back to Missouri for Over the nextfew years, they relocated the planrt to its current location in Kaiser, Mo., near Lake Ozark. As Dufnee improved customer service and the speed of wastde pickupusing third-party freight business boomed. Beginning in 2003, H.T.R. secure contracts with Wal-Mart to pick up and recycle used bulbs. Other larged retailers, several colleges and universities, and states such as Iowa and Missouri also signede upwith H.T.R. All of the material in the bulbs H.T.R. picked up — mercury, metal and glass — was recycled.
None went to But with the boom, Dufner and Kohout also found themselvex facinga decision: Expand to keep up with increasin g volume, or find someone who could do so for “The right way to do it woule be to build two more recyclint plants, one on the West Coast and one on the East to cut transportation distances and freighy costs,” Dufner said. “Ray and I can’tf be in three places at one time. It was goint to require a lot more capital to open two new facilitiesw and managethem properly.” So who has children ages 3 and 5 with his Renee, decided to look for a buye last year and eventually struckl the deal with Waste Management. “Wse thought H.T.R.
would make a good fit for saidRick Cochrane, senior business director for Waste Management’e WM Lamptracker division. “Over 70 percent of fluorescent lighting in the countrystilo isn’t recycled properly, and that’s where we think the upside is.” The and many states are targetin g a fluorescent recycling goal of about 75 Kohout said. Some 800 million fluorescent lampsa burn outeach year, and now milliona of residential light sockets are also switching from incandescent to compacrt fluorescent light bulbs (CFLs).
Although Missouri does not require residential recyclingof CFLs, many states do, he “The timing was perfect,” said Kohout, who continuesz to run the former H.T.R. operations within WM Lamptracker. “We are now the largest lamp recycler inthe country, and Wastwe Management is really pushing the sustainabilit and recycling front. We’ve had nine years of double-digigt growth, and we’ve just gotten started.” As for Dufner, he is buildinfg a home in Ladue and has notdecided what, if he will do “Am I looking for something? Possibly, but not Dufner said. “That’s how H.T.R. happened.
I wasn’tf really looking and then it fell inmy
After building his fluorescent light bulbrecyclingg company, H.T.R. Inc., into a national player with customers thatincluded , Walgreens, and Lowe’s, Dufner sold the busineszs in March to Houston-based an estimatedf $12 million. H.T.R.’s revenue reached $6 millioj last year, 17 times more than the $350,000 the compan made when Dufner boughyt it inDecember 1999. A decade ago, the business recycled abourt 30,000 fluorescent bulbs a month to keep hazardouw mercury out of landfills andwatere supplies.
That number reacher about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partner and chieff operating officer, decided they needed to eithee invest a large amount of capital to open additional recycling facilities or find a strategic partner or buyefr for their business. Dufner turned to lifelong frienf James Stuart ofin Clayton. Stuart reached out to contacts at Waste and after about a yearof talks, he helpede broker H.T.R.’s sale. Dufner estimatec fluorescent bulb recycling isa $100 millioj to $150 million industry.
Analyst Michael Hoffman of in Baltimore noterd that garbage disposal isa $52 billionm industry and medical waste disposalp accounts for another $3 billion to $4 billion. Add-onb services such as recycling can help a company win additionalkmarket share. “One of Wastes Management’s core goals is to grow its medical waste business toabout $300 millionb in revenue in the next 24 Hoffman said. “Now they can walk into health-care facilities and hospitalse and offer to dispose of their medical regular trash and also their fluorescent bulbs, which for a hospitao is no small thing.” Waste North America’s largest waste disposao company, posted net income of $1.
09 billion on revenue of $13.4r billion last year and employse about 46,000. Dufner, 54, grew up in Granitew City and St. Louis, attending and at Carbondale. In 1991, he boughrt one of the first franchises ofEartg City-based Dent Wizard, a companyh that provides paintless dent removal for automobiles. Dufner moverd to Atlanta to run his territory of Georgia and Alabama. But in 1998, Atlanta-based acquired Dent Wizarc and proceeded to buy out its Dufner sold his business forabout $5 million, and at age 45 founx himself looking for a new venture. In while at the Lake of the Dufner struck up a conversation with an employeeeof H.T.R.
, a three-year-old company then basedr in the small town of Golden City in southwestg Missouri. A new federal law regulatin the management of waste containing hazardous material such as mercury had just gone into but H.T.R.’s 14 investors were short on funds to take advantagew of potential growth. Dufner bought them out “forf a very low price” and took over the busines s as president. Dufner recruited a friend who owned a gun storein St. Loui s and was familiar with dealing with government to help run the businessa and expand its servicearea nationwide.
They investedc in some tractor-trailers and started picking up burned-out fluorescent bulbs from all over the countru and hauling them back to Missouri for Over the nextfew years, they relocated the planrt to its current location in Kaiser, Mo., near Lake Ozark. As Dufnee improved customer service and the speed of wastde pickupusing third-party freight business boomed. Beginning in 2003, H.T.R. secure contracts with Wal-Mart to pick up and recycle used bulbs. Other larged retailers, several colleges and universities, and states such as Iowa and Missouri also signede upwith H.T.R. All of the material in the bulbs H.T.R. picked up — mercury, metal and glass — was recycled.
None went to But with the boom, Dufner and Kohout also found themselvex facinga decision: Expand to keep up with increasin g volume, or find someone who could do so for “The right way to do it woule be to build two more recyclint plants, one on the West Coast and one on the East to cut transportation distances and freighy costs,” Dufner said. “Ray and I can’tf be in three places at one time. It was goint to require a lot more capital to open two new facilitiesw and managethem properly.” So who has children ages 3 and 5 with his Renee, decided to look for a buye last year and eventually struckl the deal with Waste Management. “Wse thought H.T.R.
would make a good fit for saidRick Cochrane, senior business director for Waste Management’e WM Lamptracker division. “Over 70 percent of fluorescent lighting in the countrystilo isn’t recycled properly, and that’s where we think the upside is.” The and many states are targetin g a fluorescent recycling goal of about 75 Kohout said. Some 800 million fluorescent lampsa burn outeach year, and now milliona of residential light sockets are also switching from incandescent to compacrt fluorescent light bulbs (CFLs).
Although Missouri does not require residential recyclingof CFLs, many states do, he “The timing was perfect,” said Kohout, who continuesz to run the former H.T.R. operations within WM Lamptracker. “We are now the largest lamp recycler inthe country, and Wastwe Management is really pushing the sustainabilit and recycling front. We’ve had nine years of double-digigt growth, and we’ve just gotten started.” As for Dufner, he is buildinfg a home in Ladue and has notdecided what, if he will do “Am I looking for something? Possibly, but not Dufner said. “That’s how H.T.R. happened.
I wasn’tf really looking and then it fell inmy
Friday, June 22, 2012
Dynamic duo primed for debut - Canada.com
amesit.wordpress.com
Dynamic duo primed for debut Canada.com Odell Willis and Brent Hawkins have made a lot of noise during the Saskatchewan Roughriders' main training. |
Thursday, June 21, 2012
Forex Flash: FOMC statement a telling indication of its readiness to ... - FXstreet.com
idozxun.blogspot.com
Forex Flash: FOMC statement a telling indication of its readiness to ... FXstreet.com The FOMC said it "is prepared to take further action as appropriate", and that alone, is a telling indication of its readiness to act, according to Lewis Alexander, ... |
Tuesday, June 19, 2012
Aegon to cut 138 positions in Louisville - Business First of Buffalo:
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a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillr offices atAegon Tower. Subsidiarh Aegon USA Investment Management will eliminatw 13 positions during the next few the company said inan e-mailed statement. The companu also will cut 125 positions handling certain life insurancedadministrative functions. Those duties will be transitionerd to an Aegon office inCedare Rapids, Iowa, during the next several according to the statement. “We are alwaysa exploring ways to improve efficiency and leverage the scale we have in ourvariousw U.S. locations,” the company said in the Aegon is the parent company of Transamerica LifeInsurance Co.
, Transamericqa Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridg Casualty Insurance Co., Stonebridge Life Insurance Co., Westerh Reserve Life Assurance Co. of Ohio, Transamericaq Life Canada, and Seguros Argos, A.S. de C.V. According to the company’sx Web site, www.aegonins.com, Aegon U.S. has more than 600 employeew in Louisville among severaloperating divisions, including individual saving and retirement, institutional, life and protection, pensions and assef management and reinsurance.
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillr offices atAegon Tower. Subsidiarh Aegon USA Investment Management will eliminatw 13 positions during the next few the company said inan e-mailed statement. The companu also will cut 125 positions handling certain life insurancedadministrative functions. Those duties will be transitionerd to an Aegon office inCedare Rapids, Iowa, during the next several according to the statement. “We are alwaysa exploring ways to improve efficiency and leverage the scale we have in ourvariousw U.S. locations,” the company said in the Aegon is the parent company of Transamerica LifeInsurance Co.
, Transamericqa Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridg Casualty Insurance Co., Stonebridge Life Insurance Co., Westerh Reserve Life Assurance Co. of Ohio, Transamericaq Life Canada, and Seguros Argos, A.S. de C.V. According to the company’sx Web site, www.aegonins.com, Aegon U.S. has more than 600 employeew in Louisville among severaloperating divisions, including individual saving and retirement, institutional, life and protection, pensions and assef management and reinsurance.
Monday, June 18, 2012
Land deal for Kaleida project OK'd - Business First of Buffalo:
takes-trendsthe.blogspot.com
The Buffalo Common Council on Tuesdauy approved the contract for the sale of a portion of Goodrich Streert between Ellicott Street andMichigamn Avenue. Acquisition of the street will allow bettera access for theplanned $173 milliomn GVI, which will be built next to Buffalpo General Hospital. The two facilities will be connectedacrosxs Goodrich. The deal was considered one of the few remaining step s toward the startof construction. Closint on the transaction is expectedf to take about 45 The 10-story building will include four floors of Kaleidaz cardiac, stroke, and vascular operations plus an expandedd emergency room.
It will also house research, includinf four floors of the ’s $118 million clinical translational research The combined project is estimatedat $291 Pre-construction site work is already underway, with demolitio completed on buildings that once housed Buffalol General’s community mental health clinics. Earliedr in June, Kaleida Health received two key approvals to builds the globalvascular institute.
The New York Stats Department of Health’s Hospital Review and Planninfg Council approvedKaleida Health’s final certificat of need (CON) for the 10-storh structure and the City of Buffalo’ss Planning Board unanimously approvef the site plan for the
The Buffalo Common Council on Tuesdauy approved the contract for the sale of a portion of Goodrich Streert between Ellicott Street andMichigamn Avenue. Acquisition of the street will allow bettera access for theplanned $173 milliomn GVI, which will be built next to Buffalpo General Hospital. The two facilities will be connectedacrosxs Goodrich. The deal was considered one of the few remaining step s toward the startof construction. Closint on the transaction is expectedf to take about 45 The 10-story building will include four floors of Kaleidaz cardiac, stroke, and vascular operations plus an expandedd emergency room.
It will also house research, includinf four floors of the ’s $118 million clinical translational research The combined project is estimatedat $291 Pre-construction site work is already underway, with demolitio completed on buildings that once housed Buffalol General’s community mental health clinics. Earliedr in June, Kaleida Health received two key approvals to builds the globalvascular institute.
The New York Stats Department of Health’s Hospital Review and Planninfg Council approvedKaleida Health’s final certificat of need (CON) for the 10-storh structure and the City of Buffalo’ss Planning Board unanimously approvef the site plan for the
Saturday, June 16, 2012
Gas prices rise 11 cents in a week - Atlanta Business Chronicle:
axilecyqih.wordpress.com
“Some oil analysts expect the rally for crude oil to end withinm a few weeks somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abouyt the same time. We don’t know when that mighf occur,” said Gregg managing director of public relations for AAA Auto Club The average price of a gallon of regular unleaded in Floridaais $2.58, up from $2.47 a week ago. Last Floridians were paying 41 cents lessper gallon. gas prices are still down from last when the average price of a gallo n of regular wasnearing $4. Wholesale gasoline prices have increased 140 percent sincethe Dec. 24 low of 79 centxs a gallon, according to AAA.
In South Florida, West Palm Beac recorded the highest price, at $2.68 for a gallo of regular. The average price in Miami is while inFort Lauderdale, it’s $2.64. “Wee believe a prolonged run-up in fuel pricesa is likely to instill consumer resistance in much the same way we saw last yearand that’ws obviously counter-productive to an economy trying to recover from Laskoski said.
“Some oil analysts expect the rally for crude oil to end withinm a few weeks somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abouyt the same time. We don’t know when that mighf occur,” said Gregg managing director of public relations for AAA Auto Club The average price of a gallon of regular unleaded in Floridaais $2.58, up from $2.47 a week ago. Last Floridians were paying 41 cents lessper gallon. gas prices are still down from last when the average price of a gallo n of regular wasnearing $4. Wholesale gasoline prices have increased 140 percent sincethe Dec. 24 low of 79 centxs a gallon, according to AAA.
In South Florida, West Palm Beac recorded the highest price, at $2.68 for a gallo of regular. The average price in Miami is while inFort Lauderdale, it’s $2.64. “Wee believe a prolonged run-up in fuel pricesa is likely to instill consumer resistance in much the same way we saw last yearand that’ws obviously counter-productive to an economy trying to recover from Laskoski said.
Friday, June 15, 2012
Durham gains research jobs at rapid clip - Triangle Business Journal:
shemwellmygalej1291.blogspot.com
But in the overall rankings acrossseverap categories, Durham places 26th and the Raleigh-Carty metro area places 38th. In 2003, Durham and Raleigh-Cary placed 24th and respectively. Although Raleigh and Durha are part of the for this report they were evaluated as separat e metro areas based on the federap definitionsof MSAs. Silicon Valley rankefd highest among tech centers in thereporf titled, “North America’s High-Tecgh Economy: The Geography of Knowledge-Based Industries.” The studyu evaluates 2007 data, the most recent Durham did rank high in pharmaceutical and medicina manufacturing, placing sixth.
The report attributesd that ranking to the presencer of in ResearchTriangle Park. Durham ranked second in computers and peripheralsequipment manufacturing. “High-tech industriesx are an important and sustaining anchor for regions to surviv e the slump and to rebuild theidr economiesaround high-wage Ross DeVol, director of regional economics at the Milkenn Institute and author of the study said in a Following Silicon Valley in the rankings were the Seattle-Bellevue-Everettf in Washington state; Cambridge-Newton-Framinghak in Massachusetts; Washington, D.C.-Arlington and Alexandria in Virginia; and Los Angeles-Long-Beach-Glendaled in California.
But in the overall rankings acrossseverap categories, Durham places 26th and the Raleigh-Carty metro area places 38th. In 2003, Durham and Raleigh-Cary placed 24th and respectively. Although Raleigh and Durha are part of the for this report they were evaluated as separat e metro areas based on the federap definitionsof MSAs. Silicon Valley rankefd highest among tech centers in thereporf titled, “North America’s High-Tecgh Economy: The Geography of Knowledge-Based Industries.” The studyu evaluates 2007 data, the most recent Durham did rank high in pharmaceutical and medicina manufacturing, placing sixth.
The report attributesd that ranking to the presencer of in ResearchTriangle Park. Durham ranked second in computers and peripheralsequipment manufacturing. “High-tech industriesx are an important and sustaining anchor for regions to surviv e the slump and to rebuild theidr economiesaround high-wage Ross DeVol, director of regional economics at the Milkenn Institute and author of the study said in a Following Silicon Valley in the rankings were the Seattle-Bellevue-Everettf in Washington state; Cambridge-Newton-Framinghak in Massachusetts; Washington, D.C.-Arlington and Alexandria in Virginia; and Los Angeles-Long-Beach-Glendaled in California.
Thursday, June 14, 2012
Survey: Bank satisfaction declines - Houston Business Journal:
aleksanovlsys.blogspot.com
The 2009 survey, conducted by J.D. Powet & Associates, finds that 35 percen t of customers are highly committed totheir bank, down from 37 percent in 2008 and 41 percenty in 2007. In the Southwestt Region, which includes Texas, rated highestg in customer satisfaction with a scoreof 792. The averag score for banks in the regionwas 742, with based in The Woodlandw rating a score of 741. BBVA Compass ranked belo averageat 703. The survey is baser on responsesfrom 28,570 households in January. “Customerxs reporting lowest levels of commitment happen to be thosee with deposit balances that are 15 percent higherthan average.
With that in it’s crucial that banks take steps to addresws this steady decline incustomer commitment,” said Michael Beird, directo r of the banking practice at J.D. Fifteen percent of customers said they experienced a problem attheir bank, comparee to 12 percent in 2007, and of those who reportedr a problem, 46 percent cited fees as the source of the Fees are the greatest driver of customerr attrition, the report noted. One in three customers who switched banks in the past 12 monthws did so because of such asoverdraft fees, whicg increased on average to $35 this year from $30 in 2008.
the report said that customers said banks are doing much better in beinv responsiveto problems, especially by resolving a problem during initial customer contact, rather than the custome r having to make multiple calls. the survey noted that the lower commitment levels by customers reflect in lower overall perceptions regarding bankbrand image. “These findings not only reflect recentf negative media coverage about thebanking industry, but also the realitg of staff cuts, higher service charges and the effectsd of bank mergers on customer experiences,” Beird
The 2009 survey, conducted by J.D. Powet & Associates, finds that 35 percen t of customers are highly committed totheir bank, down from 37 percent in 2008 and 41 percenty in 2007. In the Southwestt Region, which includes Texas, rated highestg in customer satisfaction with a scoreof 792. The averag score for banks in the regionwas 742, with based in The Woodlandw rating a score of 741. BBVA Compass ranked belo averageat 703. The survey is baser on responsesfrom 28,570 households in January. “Customerxs reporting lowest levels of commitment happen to be thosee with deposit balances that are 15 percent higherthan average.
With that in it’s crucial that banks take steps to addresws this steady decline incustomer commitment,” said Michael Beird, directo r of the banking practice at J.D. Fifteen percent of customers said they experienced a problem attheir bank, comparee to 12 percent in 2007, and of those who reportedr a problem, 46 percent cited fees as the source of the Fees are the greatest driver of customerr attrition, the report noted. One in three customers who switched banks in the past 12 monthws did so because of such asoverdraft fees, whicg increased on average to $35 this year from $30 in 2008.
the report said that customers said banks are doing much better in beinv responsiveto problems, especially by resolving a problem during initial customer contact, rather than the custome r having to make multiple calls. the survey noted that the lower commitment levels by customers reflect in lower overall perceptions regarding bankbrand image. “These findings not only reflect recentf negative media coverage about thebanking industry, but also the realitg of staff cuts, higher service charges and the effectsd of bank mergers on customer experiences,” Beird
Tuesday, June 12, 2012
Apple Moves to Kill GPS Devices, Reduce Dependence on Google - PC Magazine
moffaiqohegesa1490.blogspot.com
The Guardian | Apple Moves to Kill GPS Devices, Reduce Dependence on Google PC Magazine In addition to killing off standalone GPS devices, the other immediate thrust of Apple's foray into mapping is clear: It means to reduce dependence on Google. Every single mobile device Apple sells is dependent on a service its chief competitor (at ... APPLE LIVE: Map app, Facebook integration at Apple |
Monday, June 11, 2012
Murfreesboro's Three Rivers development files bankruptcy - Austin Business Journal:
paramonaxogilozi.blogspot.com
The company was developing Three a residential community of more than 600 homed that includes an assisted livingv center and a shoppingy center at Highway 99 andCason Lane, says Murfreesboro city engineedr Sam Huddleston. City records show construction permits have been issuede for about 70 homeas and20 townhomes. So far, 198 lots have been recordede as developed and ready to be soldto builders. Constructiom of the community began in and the first homes were startedin 2006, Huddleston Two miles of roads have been built to servde the development.
The bankruptcy, which was fileed June 30, lists Clair Vanderschaaf as the chief managerf of Three Rivers of of Memphis is the largest unsecurer creditor and is owedaboutf $142,400, according to the bankruptcy filing. Inc. of Nashvillre is the second largest unsecurecd creditor that is owednearly $137,000.
The company was developing Three a residential community of more than 600 homed that includes an assisted livingv center and a shoppingy center at Highway 99 andCason Lane, says Murfreesboro city engineedr Sam Huddleston. City records show construction permits have been issuede for about 70 homeas and20 townhomes. So far, 198 lots have been recordede as developed and ready to be soldto builders. Constructiom of the community began in and the first homes were startedin 2006, Huddleston Two miles of roads have been built to servde the development.
The bankruptcy, which was fileed June 30, lists Clair Vanderschaaf as the chief managerf of Three Rivers of of Memphis is the largest unsecurer creditor and is owedaboutf $142,400, according to the bankruptcy filing. Inc. of Nashvillre is the second largest unsecurecd creditor that is owednearly $137,000.
Saturday, June 9, 2012
Quirky, camera-ready moments in the real Portlandia - Washington Post
xeconatyxex.blogspot.com
Quirky, camera-ready moments in the real Portlandia Washington Post In a scene reminiscent of the quirky IFC comedy series, a small man with a long beard and his fresh-faced female companion beckoned through the window of their storefront on the main drag of the city's Alberta Arts District. |
Friday, June 8, 2012
South Florida Boat Show soldiers on - Houston Business Journal:
mytyhona.wordpress.com
The show, promoted by Pompano Beach-based , is a much smallerd cousin to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael “We’re a niche show. We don’ty try to be an international show,” he said. “W e have the boats that are 90 percen of whatAmerica buys.” Held at the , this year’xs show will feature boats from about 75 exhibitors, Michaelp said. The vessels on display are all powerboats under40 feet. Abour 85 percent of the boats cost lessthan $200,000, he The 250 boats on displayt are a drop from the 350 boatw typically at the show.
The numbef of registered exhibitors is down about35 too, Michael said. The show comes as the marine industry has taken a batterin fromthe recession. For the 12 months endex in April, registrations of new 18-footr to 40-foot boats fell 46 percent fromthe prior-year according to data from , a Miami-based marine industru research firm. “It’s hard to be to optimistic about the year in lookinygat what’s happened in 2009 so far,” Info-Link co-owner Jessew Wells said. Wells pointed to the recent bankruptcyof Minneapolis-basedf boat manufacturer , the nation’s second-largest boat manufacturer, as more proof of the industry’s stress.
Still, recent data shows that used boat registrationas are generally pickingup – a glimmerd of hope that the industry may be bouncin g off the bottom, Wells said. As a dealer, Michael said he sold three boatsd in the last month after failing to sell any the first four months ofthe year. “In February and March, nobody knew where the bottok was,” he said. Frank Herhold, executivs director of the , said dealers are tellinv him that sales arepicking up. Financing, locked up sincse last fall, is becoming availablew for those who are credigt worthy and can put substantialmoney down. “Lik e every other industry, we’re taking our Herhold said.
“I see a light at the end of the
The show, promoted by Pompano Beach-based , is a much smallerd cousin to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael “We’re a niche show. We don’ty try to be an international show,” he said. “W e have the boats that are 90 percen of whatAmerica buys.” Held at the , this year’xs show will feature boats from about 75 exhibitors, Michaelp said. The vessels on display are all powerboats under40 feet. Abour 85 percent of the boats cost lessthan $200,000, he The 250 boats on displayt are a drop from the 350 boatw typically at the show.
The numbef of registered exhibitors is down about35 too, Michael said. The show comes as the marine industry has taken a batterin fromthe recession. For the 12 months endex in April, registrations of new 18-footr to 40-foot boats fell 46 percent fromthe prior-year according to data from , a Miami-based marine industru research firm. “It’s hard to be to optimistic about the year in lookinygat what’s happened in 2009 so far,” Info-Link co-owner Jessew Wells said. Wells pointed to the recent bankruptcyof Minneapolis-basedf boat manufacturer , the nation’s second-largest boat manufacturer, as more proof of the industry’s stress.
Still, recent data shows that used boat registrationas are generally pickingup – a glimmerd of hope that the industry may be bouncin g off the bottom, Wells said. As a dealer, Michael said he sold three boatsd in the last month after failing to sell any the first four months ofthe year. “In February and March, nobody knew where the bottok was,” he said. Frank Herhold, executivs director of the , said dealers are tellinv him that sales arepicking up. Financing, locked up sincse last fall, is becoming availablew for those who are credigt worthy and can put substantialmoney down. “Lik e every other industry, we’re taking our Herhold said.
“I see a light at the end of the
Wednesday, June 6, 2012
Nordstrom to open first Rack store in Houston - Triangle Business Journal:
hustbelogehy1857.blogspot.com
“We’ve wanted to brin g our Houston customers a Nordstrom Rack for some timeand we’re thrillefd about this opportunity,” Scott Meden, president of Nordstrom said in a statement. The stors will be located in The Centre at Post Oak near Post Oak and Nordstrom Rackis Nordstrom’s off-pricr retail division offering savings of 30 percent to 70 percent on apparep and accessories for women, men and children. Nordstro Rack merchandise is made up of productdfrom Seattle-based Nordstrom’s (NYSE: JWN) full-line stores and the company’z online store at Nordstrom.com, as well as special purchase items.
The Centrw at Post Oak, owned by Houston-based , is locate d directly across the streeft from the Houston Galleriq and includes tenants suchas Marshall’s, Barnea & Noble, Old Navy, Grand Lux Cafe and Morton’z Steakhouse. Vonn Tran of Weingarten represented The Centrer at Post Oak inthe lease, and Jan Odom servede as associate counsel for Weingarten on the The newest Nordstrom Rack will be the retailer’s sixthu in Texas.
“We’ve wanted to brin g our Houston customers a Nordstrom Rack for some timeand we’re thrillefd about this opportunity,” Scott Meden, president of Nordstrom said in a statement. The stors will be located in The Centre at Post Oak near Post Oak and Nordstrom Rackis Nordstrom’s off-pricr retail division offering savings of 30 percent to 70 percent on apparep and accessories for women, men and children. Nordstro Rack merchandise is made up of productdfrom Seattle-based Nordstrom’s (NYSE: JWN) full-line stores and the company’z online store at Nordstrom.com, as well as special purchase items.
The Centrw at Post Oak, owned by Houston-based , is locate d directly across the streeft from the Houston Galleriq and includes tenants suchas Marshall’s, Barnea & Noble, Old Navy, Grand Lux Cafe and Morton’z Steakhouse. Vonn Tran of Weingarten represented The Centrer at Post Oak inthe lease, and Jan Odom servede as associate counsel for Weingarten on the The newest Nordstrom Rack will be the retailer’s sixthu in Texas.
Tuesday, June 5, 2012
PwC hires CBRE for relocation opportunities - Kansas City Business Journal:
cahijisebi.wordpress.com
has hired CB . as its strategicc real estate adviser forthe firm’s Atlantas office. New York-based PwC leases about 150,000 squared feet at 10 Tenth Street. The leasw expires in late 2012. The CBRE which consists of John Shlesingerffrom CBRE’s Atlanta office and Timothhy Dempsey from CBRE’s New York office, will examinre the accounting firm’s potential relocation opportunities throughout greatere Atlanta, as well as represent PwC in any discussions with its curren landlord. CBRE, PwC’s national real estate services provides transaction management and project management services throughout the Unitedx States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers mover nearly 860 employeesto Midtown’z 10 Tenth St., known as the Millenniun office building, located at 10th and West Peachtre e streets. That deal gave a huge boostf to what was then a strugglinv Midtownoffice market. PricewaterhouseCoopers joins many othere large professional services firms that are starting theire search for new leases in the Atlanta including Big Four competitor and downtownj officetenant , which is currently housef at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasint and managementof Georgia-Pacific Center to The firm will begib the assignment on June 16.
has beenmarketing and managingthe 52-story,1.1 million-square-foot towerf at 133 Peachtree St. Georgia-Pacific leases 820,009 square feet for its corporate headquarters. Georgia-Pacificf Center has about 124,009 square feet of contiguousw space available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 perceny leased. Jones Lang LaSalle Managinyg Director Linda Bolan willlead management-transition efforts, while Mark Harringtob and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSalle seniofr vice presidents Glenn Aspinwall and Jeff Frants willlead leasing.
“We’ve assembledx an all-star team to work with GA-MET to further the succesd of thislandmark building,” said Claro Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrific opportunity to continue to provd our capabilities and the quality of our Atlantwaleadership team.” Leasing and management of the Georgia-Pacific Centef adds to Jones Lang LaSalle’se significant downtown presence. The firm also leases 230 Peachtree Streety and manages the United Way of MetropolitaAtlanta Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’x Project and Development Services team is leading the redevelopmentt of the Hilton Atlantsa and the Hyatt Regency after also completing development and redevelopmentg efforts for the Worldof Coca-Cola and the Atlantas Marriott Marquis in the past two years. The team is also developingf GeorgiaState University’s $160 milliob Science Park in Atlanta’d downtown submarket. Jones Lang LaSalle leases and manages aboutr 9 million square feet inmetrl Atlanta. recently sold its Post Dunwoody apartmenta forabout $47 million, the largesf multifamily transaction of the year in Atlanta and a sign that some typesw of real estate lendin g are picking up.
In a deal that closed in Post (NYSE: PPS) sold the 530-unit apartment complex to and for $47.45 million, or $89,434 a unit. Fulton County had valuedc the property at nearly $51 million, or about $97,00p a unit. Freddie Mac (FRE) originated a nearlyt $36 million loan to fund the transaction, according to The deal resultedd in a 75 percent loanto
has hired CB . as its strategicc real estate adviser forthe firm’s Atlantas office. New York-based PwC leases about 150,000 squared feet at 10 Tenth Street. The leasw expires in late 2012. The CBRE which consists of John Shlesingerffrom CBRE’s Atlanta office and Timothhy Dempsey from CBRE’s New York office, will examinre the accounting firm’s potential relocation opportunities throughout greatere Atlanta, as well as represent PwC in any discussions with its curren landlord. CBRE, PwC’s national real estate services provides transaction management and project management services throughout the Unitedx States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers mover nearly 860 employeesto Midtown’z 10 Tenth St., known as the Millenniun office building, located at 10th and West Peachtre e streets. That deal gave a huge boostf to what was then a strugglinv Midtownoffice market. PricewaterhouseCoopers joins many othere large professional services firms that are starting theire search for new leases in the Atlanta including Big Four competitor and downtownj officetenant , which is currently housef at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasint and managementof Georgia-Pacific Center to The firm will begib the assignment on June 16.
has beenmarketing and managingthe 52-story,1.1 million-square-foot towerf at 133 Peachtree St. Georgia-Pacific leases 820,009 square feet for its corporate headquarters. Georgia-Pacificf Center has about 124,009 square feet of contiguousw space available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 perceny leased. Jones Lang LaSalle Managinyg Director Linda Bolan willlead management-transition efforts, while Mark Harringtob and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSalle seniofr vice presidents Glenn Aspinwall and Jeff Frants willlead leasing.
“We’ve assembledx an all-star team to work with GA-MET to further the succesd of thislandmark building,” said Claro Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrific opportunity to continue to provd our capabilities and the quality of our Atlantwaleadership team.” Leasing and management of the Georgia-Pacific Centef adds to Jones Lang LaSalle’se significant downtown presence. The firm also leases 230 Peachtree Streety and manages the United Way of MetropolitaAtlanta Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’x Project and Development Services team is leading the redevelopmentt of the Hilton Atlantsa and the Hyatt Regency after also completing development and redevelopmentg efforts for the Worldof Coca-Cola and the Atlantas Marriott Marquis in the past two years. The team is also developingf GeorgiaState University’s $160 milliob Science Park in Atlanta’d downtown submarket. Jones Lang LaSalle leases and manages aboutr 9 million square feet inmetrl Atlanta. recently sold its Post Dunwoody apartmenta forabout $47 million, the largesf multifamily transaction of the year in Atlanta and a sign that some typesw of real estate lendin g are picking up.
In a deal that closed in Post (NYSE: PPS) sold the 530-unit apartment complex to and for $47.45 million, or $89,434 a unit. Fulton County had valuedc the property at nearly $51 million, or about $97,00p a unit. Freddie Mac (FRE) originated a nearlyt $36 million loan to fund the transaction, according to The deal resultedd in a 75 percent loanto
Sunday, June 3, 2012
Paulson to testify on BofA-Merrill deal - Jacksonville Business Journal:
iqukikofor.wordpress.com
media outlets report. The committee is investigating thefederao government’s role in BofA’s deal for the troubled brokeragd early this year. Last week, Federal Reserve Chairman Ben Bernanke told the House Committee on Oversightr and Government Reformhe didn’r pressure BofA Chief Executivr Kenneth Lewis into buying Merrill. In he says the Fed “actee with highest integrity” on the BofA-Merril deal. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The purchase resulted in BofA’d receiving an additional $20 billion in federal funds under the Troubled AsseftRelief Program.
BofA has received a total of $45 billion in TARP Three weeks ago, Lewis testifier to the same committee. He told lawmakers he considered backingh out of the deal in December but felt pressure from Bernanksand then-Treasury Secretary Paulson to move forwarfd for the benefit of both companies and the During that hearing, documents from Fed official s indicated Lewis may have been threatened with losing his job if he backerd out and then neede more federal aid. Bernanke on Thursday testifiee he neverthreatened Lewis. Instead, he said he explainesd to Lewis that damage from backing out of the Merrill deal coulf wreak on theeconomy and, in BofA.
“I never said I’f replace the board and management” at Bernanke said. “It was alwayes his (Lewis’) decision to and he understood that.” Lewis has been under intense pressure from BofA shareholders for not disclosin the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billiohn in the fourth
media outlets report. The committee is investigating thefederao government’s role in BofA’s deal for the troubled brokeragd early this year. Last week, Federal Reserve Chairman Ben Bernanke told the House Committee on Oversightr and Government Reformhe didn’r pressure BofA Chief Executivr Kenneth Lewis into buying Merrill. In he says the Fed “actee with highest integrity” on the BofA-Merril deal. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The purchase resulted in BofA’d receiving an additional $20 billion in federal funds under the Troubled AsseftRelief Program.
BofA has received a total of $45 billion in TARP Three weeks ago, Lewis testifier to the same committee. He told lawmakers he considered backingh out of the deal in December but felt pressure from Bernanksand then-Treasury Secretary Paulson to move forwarfd for the benefit of both companies and the During that hearing, documents from Fed official s indicated Lewis may have been threatened with losing his job if he backerd out and then neede more federal aid. Bernanke on Thursday testifiee he neverthreatened Lewis. Instead, he said he explainesd to Lewis that damage from backing out of the Merrill deal coulf wreak on theeconomy and, in BofA.
“I never said I’f replace the board and management” at Bernanke said. “It was alwayes his (Lewis’) decision to and he understood that.” Lewis has been under intense pressure from BofA shareholders for not disclosin the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billiohn in the fourth
Saturday, June 2, 2012
Catch the Wind secures $18.8M - The Business Journal of the Greater Triad Area:
yfimuna.wordpress.com
million in a private placement financinyg to help push more sales of its new wind sensorfor Manassas-based Catch the Wind, which trades on the Torontk Venture Exchange, sold roughly 16.7 millionm shares at a price of Canadian $1.30 apiecse in what it hopes to be its last majotr equity financing before generating enough revenue from its lase r wind-sensing product, Vindicator, to pay for operations. Company official also participated in the investment along withinstitutional investors, bringinyg its total equity fundraising to date to nearly $35 , Research Capital Corp.
and Canaccord Capital served as placement agents for this latest fundraising in returbn for 6 percent of the grossx proceeds and additional stock options. Spun off last year from LLC, a fiberf optics laser company that still shares the sameheadquarteras space, Catch the Wind has been developinvg similar technology that senses when wind is helping reorient a turbine to capture that wind beforse it passes. Most wind turbines can realign its blades only afted itfeels wind, so they’re often too late to actuallt benefit from gusts, company officialsa said.
“Before, it was the horse-and-buggy approach to measuringv wind,” said Phil who founded Optical Air Data Systems nearlgy 20 years ago with his wife before leaving recentl to serve as CEO for Catcjhthe Wind. “Think about increasing the gas mileage ofyour car,” he said. “You’ve already bought your car. But if I can sell you something that doubless the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percent to 30 percenyt more wind for turbines, which in turn helps generate more clean electricity and ultimately revenuwe for their operators.
Catch the Wind recently sold its firs unitto , a Canadian environmental monitoring equipmenft maker, while starting its first two-month field test with the Nebraska Publix Power District on its largest wind farm with 36 wind turbines. The locap company, which said it’s also talking to federal hopes to usethat trial’as results later this summer to markety to other wind turbine manufacturers and wind farm operators. With six full-tim employees, Catch the Wind expects to at leas double that count by the end ofthis year. The which had $5.5 million in cash and equivalentss on hand as ofMarch 31, is also consideringt whether to list itself on an American exchang later this year.
“We aspire to Rogers said. “I just can’t say
million in a private placement financinyg to help push more sales of its new wind sensorfor Manassas-based Catch the Wind, which trades on the Torontk Venture Exchange, sold roughly 16.7 millionm shares at a price of Canadian $1.30 apiecse in what it hopes to be its last majotr equity financing before generating enough revenue from its lase r wind-sensing product, Vindicator, to pay for operations. Company official also participated in the investment along withinstitutional investors, bringinyg its total equity fundraising to date to nearly $35 , Research Capital Corp.
and Canaccord Capital served as placement agents for this latest fundraising in returbn for 6 percent of the grossx proceeds and additional stock options. Spun off last year from LLC, a fiberf optics laser company that still shares the sameheadquarteras space, Catch the Wind has been developinvg similar technology that senses when wind is helping reorient a turbine to capture that wind beforse it passes. Most wind turbines can realign its blades only afted itfeels wind, so they’re often too late to actuallt benefit from gusts, company officialsa said.
“Before, it was the horse-and-buggy approach to measuringv wind,” said Phil who founded Optical Air Data Systems nearlgy 20 years ago with his wife before leaving recentl to serve as CEO for Catcjhthe Wind. “Think about increasing the gas mileage ofyour car,” he said. “You’ve already bought your car. But if I can sell you something that doubless the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percent to 30 percenyt more wind for turbines, which in turn helps generate more clean electricity and ultimately revenuwe for their operators.
Catch the Wind recently sold its firs unitto , a Canadian environmental monitoring equipmenft maker, while starting its first two-month field test with the Nebraska Publix Power District on its largest wind farm with 36 wind turbines. The locap company, which said it’s also talking to federal hopes to usethat trial’as results later this summer to markety to other wind turbine manufacturers and wind farm operators. With six full-tim employees, Catch the Wind expects to at leas double that count by the end ofthis year. The which had $5.5 million in cash and equivalentss on hand as ofMarch 31, is also consideringt whether to list itself on an American exchang later this year.
“We aspire to Rogers said. “I just can’t say
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