Inside Pitch SportingNews.com Your weekly roundup of RP news, notes and stats. Much was made about the announcement last week Drew Storen (elbow) might return as a setup man when he comes off the DL around the All-Star break. Notice the word "might." Nationals manager Davey ... |
Saturday, June 30, 2012
Inside Pitch - SportingNews.com
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Thursday, June 28, 2012
US firm, subsidiaries admit role in sending military software to China - CNN
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USA TODAY | US firm, subsidiaries admit role in sending military software to China CNN U.S. officials: Military technology was illeg » |
Wednesday, June 27, 2012
Equitable Building auctioned for $30M - St. Louis Business Journal:
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The new owner, , an affiliate of Capmark boughtthe 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherlansd was representing the lender, , which was foreclosingy on theEquitable Building. Capmarkl was the only bidded onEquitable Building, as most commercial real estats observers expected. Equitable's former San Diego-based , paid abour $57 million to acquire the building in but its value plummetedto $42 million by early 2009.
Equastone received 90 percent financing from Capmarj toacquire Equitable, but plans to stabilizes the building's occupancy and turn it into an income-producinyg asset never materialized amid the worst commercial real estated crisis in 20 years. The tower -- designer by renowned architecturalfirm -- has remainecd about half occupied this year. is managing and leasing the It's expected to court the Fulton Countgpublic defender’s office, whicbh is seeking at least a 50,000-square-foot lease downtown. The public defender's office was looking at the Equitablr Building, but the financiaol crisis facing the tower helpes derailthe move.
Rothschild was assisteed in the transactionby Sutherland'x Jason Kirkham.
The new owner, , an affiliate of Capmark boughtthe 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherlansd was representing the lender, , which was foreclosingy on theEquitable Building. Capmarkl was the only bidded onEquitable Building, as most commercial real estats observers expected. Equitable's former San Diego-based , paid abour $57 million to acquire the building in but its value plummetedto $42 million by early 2009.
Equastone received 90 percent financing from Capmarj toacquire Equitable, but plans to stabilizes the building's occupancy and turn it into an income-producinyg asset never materialized amid the worst commercial real estated crisis in 20 years. The tower -- designer by renowned architecturalfirm -- has remainecd about half occupied this year. is managing and leasing the It's expected to court the Fulton Countgpublic defender’s office, whicbh is seeking at least a 50,000-square-foot lease downtown. The public defender's office was looking at the Equitablr Building, but the financiaol crisis facing the tower helpes derailthe move.
Rothschild was assisteed in the transactionby Sutherland'x Jason Kirkham.
Tuesday, June 26, 2012
GM enters bankruptcy filing - The Business Journal of the Greater Triad Area:
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Monday’s Chapter 11 filing by the 101-year-old automaker once the world’s biggesf company and Western New York’s largest manufacturing employer fordecadee — is among the largest in U.S. historyu and largest-ever U.S. manufacturin bankruptcy. Chapter 11, which allows the company to operate while protected fromits creditors, pushesw GM into a fast-track bankruptcy and providew $30 billion of additional taxpayer funds to restructure itself. Generalo Motors CEO Fritz Henderson said in a prepared statement that GM was beint reinvented and that the company is readty for the jobat hand.
"The economic crisis has causer enormous disruption in the auto but with it has come the opportunity for us to reinvenrtour business. We are going to do it once and do it The court-supervised process we are pursuing providezs us with powerful tools to accelerate and complet our reinvention, as well as strong safeguardsd for our customers and our he said. The GM plan as detailed by U.S. officiales would allow a much smalled GM to emerge from court protection within 60 to 90 GM also plans to close11 U.S. facilitiew and idle another three plants by the endof 2010. GM’se Tonawanda engine plant, where 1,100 people will remain open.
The automaker has not provide an updated target for job cuts but was lookinbg toeliminate 21,000 U.S. factory jobs from the 54,000 union members it now employs. Also not immediately clear is what GM’sz bankruptcy filing will meanfor ’s plants in Rochester and three others. Generao Motors plans to take back the facilities from the formerr parts subsidiary that it spun offin 1999, according to a tentativ e deal reached last week between GM and the UAW. The factoriezs in New York, Michigan and Indians would operateunder Delphi’s unionn rules, but be considered part of GM, once again.
The Lockport plant — Delphj Thermal Systems, which has 2,100 employees — was founded as Harrison Radiator Co. in 1910 and becam part of GM in 1918. For 81 years it operatedd under General Motors ownership until the independent Delphi Corp. was formed. Delphi itself is operatingv under bankruptcy court supervision having filerd for Chapter 11 inOctober 2005. The Mich.-based company was ready to emerge from bankruptcy in Apriol 2008 but those plans fell apart when a key investodr dropped out ofa $2.55 billion stock deal with the General Motors employs 92,000 in the United Statess and is indirectly responsible for 500,000 retirees. The U.S.
government woulsd hold a 60 percent financialp interest in a reorganized GM and the UAW woulds takea 17.5 percent stake. The governments of Canadsa and the province of Ontario have agreedx to a 12 percent ownership staker in exchange forfinancial aid. GM bondholdere would get 10 percent.
Monday’s Chapter 11 filing by the 101-year-old automaker once the world’s biggesf company and Western New York’s largest manufacturing employer fordecadee — is among the largest in U.S. historyu and largest-ever U.S. manufacturin bankruptcy. Chapter 11, which allows the company to operate while protected fromits creditors, pushesw GM into a fast-track bankruptcy and providew $30 billion of additional taxpayer funds to restructure itself. Generalo Motors CEO Fritz Henderson said in a prepared statement that GM was beint reinvented and that the company is readty for the jobat hand.
"The economic crisis has causer enormous disruption in the auto but with it has come the opportunity for us to reinvenrtour business. We are going to do it once and do it The court-supervised process we are pursuing providezs us with powerful tools to accelerate and complet our reinvention, as well as strong safeguardsd for our customers and our he said. The GM plan as detailed by U.S. officiales would allow a much smalled GM to emerge from court protection within 60 to 90 GM also plans to close11 U.S. facilitiew and idle another three plants by the endof 2010. GM’se Tonawanda engine plant, where 1,100 people will remain open.
The automaker has not provide an updated target for job cuts but was lookinbg toeliminate 21,000 U.S. factory jobs from the 54,000 union members it now employs. Also not immediately clear is what GM’sz bankruptcy filing will meanfor ’s plants in Rochester and three others. Generao Motors plans to take back the facilities from the formerr parts subsidiary that it spun offin 1999, according to a tentativ e deal reached last week between GM and the UAW. The factoriezs in New York, Michigan and Indians would operateunder Delphi’s unionn rules, but be considered part of GM, once again.
The Lockport plant — Delphj Thermal Systems, which has 2,100 employees — was founded as Harrison Radiator Co. in 1910 and becam part of GM in 1918. For 81 years it operatedd under General Motors ownership until the independent Delphi Corp. was formed. Delphi itself is operatingv under bankruptcy court supervision having filerd for Chapter 11 inOctober 2005. The Mich.-based company was ready to emerge from bankruptcy in Apriol 2008 but those plans fell apart when a key investodr dropped out ofa $2.55 billion stock deal with the General Motors employs 92,000 in the United Statess and is indirectly responsible for 500,000 retirees. The U.S.
government woulsd hold a 60 percent financialp interest in a reorganized GM and the UAW woulds takea 17.5 percent stake. The governments of Canadsa and the province of Ontario have agreedx to a 12 percent ownership staker in exchange forfinancial aid. GM bondholdere would get 10 percent.
Sunday, June 24, 2012
Solar Array, Gen. Mills detail expansions - Silicon Valley / San Jose Business Journal:
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broke ground April 5 on the $100 million, 176,000-square-foot expansion of its manufacturingfacility here, Keitj Bone, general manager of the loca facility, told members of . AED held its quarterly meeting Thursdauat . Joe president and CEO of SolarArraty Ventures, outlined his company’s plan to builde a massive solar manufacturing plant on the city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 millionh in spending to New Mexico.
The Albuquerque City Council approvera $100 million industrial revenue bond deal for the compangy in February. BE&K Corp. from North Carolina landeed the design/build contract to build the expansion, but Bone said 80 percent of the firm’s spending and employeesz willbe local. The precast panela being used in the constructionh are manufacturedin Belen. General Mills has been in Albuquerquesinc 1991. Its current facility is located near Paseol del Norte and Edith and has190 employees, with an annual payrol l of $12 million, said Bone. The 275,000-square-foot planyt produces about 135 million pounds annuall y of 35different cereals.
The facility also has a lab on-sited where the instructions for bakinb General Mills products at high altitudes are The company has givenabout $5 million to area nonprofits since 1998 and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donations illustrate one of the things the organizatio looks for inrecruiting companies: communithy involvement. Hudgins said Solar Array plans to break ground by the third quarter of this year ona 225,000-square-foot thin-filmm photovoltaic manufacturing plant in the Corderio Mesa business park, west of the mattress The company plans to add three more buildingsd of that size as it grows, he said, with each facilitt employing about 225.
Its annuakl payroll in the first phase woulsdbe $14 million. About five percent of the jobs wouldpay $100,000, 45 percenrt would pay $70,000 and half of the jobs would pay The capital investment for the first phase will be $170 millionn and the company woulsd spend $40 million annually for raw materials. The firs t phase is expected to have a capacity of75 megawatts, but that woul d grow to 300 mw with the full buildout. The plant also will have a space that will serve as a communituy andeducational center. Solar Arrat is seeking $175 million in industrial revenue bondds fromBernalillo County.
The company is working to raise $210 millionm in debt and equity, Hudgins Hudgins said New Mexiclo beat out two other states for the despite the fact that it did not offer the largest incentives. But the coordination among localk and state government officials and other parties made New Mexic o far more efficient in establishing a planning framework that the companyg could then use to plan a budget for the hesaid “That was a major issue for us,” Hudginz said. He also praised the labor force here and theeducationall institutions. The facility is being designesd byPageSoutherlandPage LLP, which has Texas officexs in Austin, Dallas and Houston, as well as Denver, D.C.
and London, U.K. Hoffman Construction, based in Ore., is building the facility.
broke ground April 5 on the $100 million, 176,000-square-foot expansion of its manufacturingfacility here, Keitj Bone, general manager of the loca facility, told members of . AED held its quarterly meeting Thursdauat . Joe president and CEO of SolarArraty Ventures, outlined his company’s plan to builde a massive solar manufacturing plant on the city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 millionh in spending to New Mexico.
The Albuquerque City Council approvera $100 million industrial revenue bond deal for the compangy in February. BE&K Corp. from North Carolina landeed the design/build contract to build the expansion, but Bone said 80 percent of the firm’s spending and employeesz willbe local. The precast panela being used in the constructionh are manufacturedin Belen. General Mills has been in Albuquerquesinc 1991. Its current facility is located near Paseol del Norte and Edith and has190 employees, with an annual payrol l of $12 million, said Bone. The 275,000-square-foot planyt produces about 135 million pounds annuall y of 35different cereals.
The facility also has a lab on-sited where the instructions for bakinb General Mills products at high altitudes are The company has givenabout $5 million to area nonprofits since 1998 and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donations illustrate one of the things the organizatio looks for inrecruiting companies: communithy involvement. Hudgins said Solar Array plans to break ground by the third quarter of this year ona 225,000-square-foot thin-filmm photovoltaic manufacturing plant in the Corderio Mesa business park, west of the mattress The company plans to add three more buildingsd of that size as it grows, he said, with each facilitt employing about 225.
Its annuakl payroll in the first phase woulsdbe $14 million. About five percent of the jobs wouldpay $100,000, 45 percenrt would pay $70,000 and half of the jobs would pay The capital investment for the first phase will be $170 millionn and the company woulsd spend $40 million annually for raw materials. The firs t phase is expected to have a capacity of75 megawatts, but that woul d grow to 300 mw with the full buildout. The plant also will have a space that will serve as a communituy andeducational center. Solar Arrat is seeking $175 million in industrial revenue bondds fromBernalillo County.
The company is working to raise $210 millionm in debt and equity, Hudgins Hudgins said New Mexiclo beat out two other states for the despite the fact that it did not offer the largest incentives. But the coordination among localk and state government officials and other parties made New Mexic o far more efficient in establishing a planning framework that the companyg could then use to plan a budget for the hesaid “That was a major issue for us,” Hudginz said. He also praised the labor force here and theeducationall institutions. The facility is being designesd byPageSoutherlandPage LLP, which has Texas officexs in Austin, Dallas and Houston, as well as Denver, D.C.
and London, U.K. Hoffman Construction, based in Ore., is building the facility.
Saturday, June 23, 2012
UnitedHealth profits take fourth-quarter tumble, but still meets expectations - Minneapolis / St. Paul Business Journal:
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UnitedHealth (NYSE: UNH) said net income was $726 or 60 cents per for the quarterended Dec. 31. That was a big drop from the $1.212 billion, or 92 cents per from the same quarter last Earnings took an especially hard hit by a chargw of 18 cents per share mean t to resolvea class-action lawsuit over out-of-network medicalo services. UnitedHealth to settle the lawsuit, filedf by the American Medical Association and others. Without that charge, net income wouled have been 78 centsper share, which met the expectations of analystw polled by Thomson UnitedHealth revenue also was up 9 percenr to $20.45 billion, from $18.
71 billionm for the same quarter a year The result was that the company'xs stock was up Thursday even as the markets took a UnitedHealth's stock was up $2.16 per or 8.6 percent, to $27.21 at the closw of trading. Health insurers are expected to take a hit on membershipp as laid off workers leave theirrformer companies' insurance rolls. But Stephen UnitedHealth's president and CEO, said the company expects continued growthin government-sponsored "There is strong interest in our Medicare markett offerings and continued expansion from our statde and public health program including growth in public sector benefits," Hemsley said.
UnitedHealth reportes a 36 percent drop in profiftfor 2008. Net income was $2.98 or $2.40 per compared to $4.65 billion, or $3.42 per share, in 2007. Full-yea revenue was up 8 percent to $81.2 Another item of interest was that UnitedHealth only saw a net lossof $6 millionn in 2008 from its $21.6 billiomn investment portfolio — only a 0.03 percent loss in a year in whicuh markets were in a free fall. The company is keeping its outlook for 2009 earningsof $2.90 to $3.165 per share.
Also Thursday, UnitedHealth announced that Simon Stevens, who has been CEO of the company'a Ovations unit, will fill a new executivee vice president position in which he will be a poinyt person inhandling U.S. health care reform Larry Renfro, most recently with Fidelitu Investments, has been hired to take over at Ovations.
UnitedHealth (NYSE: UNH) said net income was $726 or 60 cents per for the quarterended Dec. 31. That was a big drop from the $1.212 billion, or 92 cents per from the same quarter last Earnings took an especially hard hit by a chargw of 18 cents per share mean t to resolvea class-action lawsuit over out-of-network medicalo services. UnitedHealth to settle the lawsuit, filedf by the American Medical Association and others. Without that charge, net income wouled have been 78 centsper share, which met the expectations of analystw polled by Thomson UnitedHealth revenue also was up 9 percenr to $20.45 billion, from $18.
71 billionm for the same quarter a year The result was that the company'xs stock was up Thursday even as the markets took a UnitedHealth's stock was up $2.16 per or 8.6 percent, to $27.21 at the closw of trading. Health insurers are expected to take a hit on membershipp as laid off workers leave theirrformer companies' insurance rolls. But Stephen UnitedHealth's president and CEO, said the company expects continued growthin government-sponsored "There is strong interest in our Medicare markett offerings and continued expansion from our statde and public health program including growth in public sector benefits," Hemsley said.
UnitedHealth reportes a 36 percent drop in profiftfor 2008. Net income was $2.98 or $2.40 per compared to $4.65 billion, or $3.42 per share, in 2007. Full-yea revenue was up 8 percent to $81.2 Another item of interest was that UnitedHealth only saw a net lossof $6 millionn in 2008 from its $21.6 billiomn investment portfolio — only a 0.03 percent loss in a year in whicuh markets were in a free fall. The company is keeping its outlook for 2009 earningsof $2.90 to $3.165 per share.
Also Thursday, UnitedHealth announced that Simon Stevens, who has been CEO of the company'a Ovations unit, will fill a new executivee vice president position in which he will be a poinyt person inhandling U.S. health care reform Larry Renfro, most recently with Fidelitu Investments, has been hired to take over at Ovations.
Thursday, June 21, 2012
Bass, Berry & Sims lays off 32 employees - Austin Business Journal:
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The venerable law firm made the cuts Monda y across its three Tennessee offices in Knoxvilleand Memphis, said managing partner Keitnh Simmons. In Memphis, the firm laid off two attorneyes and fourstaff members. “They were proportionately divided amongythe offices,” he says. “Everyu practice area was affected.” The layoffsa were made to reduce internapl costs tobenefit clients, he says. Some raises are bein frozen as well.
Bass Berry is the 8th largest law firm in Memphisw with37 attorneys, according to Memphix Business Journal’s 2009 Book of Law firms nationwide are taking steps to cut including paying some new hires a portion of their salaries to defer starting for a Bass Berry will limit the size of its classx of summer associates, traditionally law schoo l students who have finished their secon d year, and defer the starting date for new attorneysx from Sept. 1 to Jan. 1, 2010.
The deferred hirees will receive a stipend forthe four-month deferralp period and will have the opportunity to borrow monehy from the firm if they need more to tide them over, with loansa to be repaid upon joiningt the firm full-time, Simmons says. Since the starf of the year, major law firms have laid off morethan 12,4100 people, including nearly 5,000 lawyers, accordingb the “Layoff Tracker” feature on the law blog. Bass Berr y & Sims’ most recent attorneg count was 225 across itsthred offices.
The venerable law firm made the cuts Monda y across its three Tennessee offices in Knoxvilleand Memphis, said managing partner Keitnh Simmons. In Memphis, the firm laid off two attorneyes and fourstaff members. “They were proportionately divided amongythe offices,” he says. “Everyu practice area was affected.” The layoffsa were made to reduce internapl costs tobenefit clients, he says. Some raises are bein frozen as well.
Bass Berry is the 8th largest law firm in Memphisw with37 attorneys, according to Memphix Business Journal’s 2009 Book of Law firms nationwide are taking steps to cut including paying some new hires a portion of their salaries to defer starting for a Bass Berry will limit the size of its classx of summer associates, traditionally law schoo l students who have finished their secon d year, and defer the starting date for new attorneysx from Sept. 1 to Jan. 1, 2010.
The deferred hirees will receive a stipend forthe four-month deferralp period and will have the opportunity to borrow monehy from the firm if they need more to tide them over, with loansa to be repaid upon joiningt the firm full-time, Simmons says. Since the starf of the year, major law firms have laid off morethan 12,4100 people, including nearly 5,000 lawyers, accordingb the “Layoff Tracker” feature on the law blog. Bass Berr y & Sims’ most recent attorneg count was 225 across itsthred offices.
Wednesday, June 20, 2012
'Jharkhand criminals posing as Maoists to extort money' - New York Daily News
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IBNLive.com | 'Jharkhand criminals posing as Maoists to extort money' New York Daily News Ranchi, June 20 รข€" Criminals have been extorting money from businessmen and companies in Jharkhand posing as Maoists, a police official said Wednesday. "Criminals use Naxal letter heads to extort money" 'Criminals use Naxal letter heads to extort money' |
Tuesday, June 19, 2012
Honolulu Symphony offices broken into - Triangle Business Journal:
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Symphony spokeswoman Kristin Jackson saidthe offices’ exteriof doors and several interior doors were forced open. “There’sz not any damage per se exceptto doorknobs,” Jackson said. “The locks are still functional.” The symphony’s offices are at 650 Iwile i Road in the Dole Cannery Jackson said officers describedthe break-in as a typicalp “cash grab.” “There was a ransacking of paperws and that kind of thing, but only an undiscloser small amount of money was taken no equipment or computers,” she said.
“Thes good news is that, because the staff and box offics maintain very timely bills andbank deposits, it appearzs that in terms of cash and checks and computer record s things are very secure,” said symphony board chairman Petert Shaindlin. “We were extremely The symphony is in the middle of a campaign toraisew $2.3 million by June 30. Symphony musicians and staff haveexperiencesd three-month delays in salary paymentz this year.
Symphony spokeswoman Kristin Jackson saidthe offices’ exteriof doors and several interior doors were forced open. “There’sz not any damage per se exceptto doorknobs,” Jackson said. “The locks are still functional.” The symphony’s offices are at 650 Iwile i Road in the Dole Cannery Jackson said officers describedthe break-in as a typicalp “cash grab.” “There was a ransacking of paperws and that kind of thing, but only an undiscloser small amount of money was taken no equipment or computers,” she said.
“Thes good news is that, because the staff and box offics maintain very timely bills andbank deposits, it appearzs that in terms of cash and checks and computer record s things are very secure,” said symphony board chairman Petert Shaindlin. “We were extremely The symphony is in the middle of a campaign toraisew $2.3 million by June 30. Symphony musicians and staff haveexperiencesd three-month delays in salary paymentz this year.
Sunday, June 17, 2012
Anchor BanCorp amends credit pact - Charlotte Business Journal:
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Under the terms of the amendment, the maturity date on Anchor’s balance of the $116.3 millionb loan has been extended for a full and is nowMay 31, 2010, and no principal paymenrt is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said Friday. “The significantr additional time afforded by the amendefd terms of the loan agreement providess us an opportunity to work our financiap strategy to achieve fulfillment of the conditions of our line of saidDoug Timmerman, chairman and CEO. Timmerman said Anchotr executives believe the amendmentwith U.S. Bank will assist Anchod with plans to raiseadditional capital.
Anchord BanCorp in March had reached an agreementg to extend the due date for the credirwith U.S. Bank until near the end of May. The extension relieved Anchor BanCorp from reducingits $116.w million debt on the line of creditr to $60 million to meet an automativc principal reduction of the loan If Anchor had not paid the debt, U.S. could have seized Anchor BanCorp in aforeclosurr proceeding. AnchorBank fsb has 74 full-services offices and two loan origination-only offices, all in Wisconsin.
Under the terms of the amendment, the maturity date on Anchor’s balance of the $116.3 millionb loan has been extended for a full and is nowMay 31, 2010, and no principal paymenrt is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said Friday. “The significantr additional time afforded by the amendefd terms of the loan agreement providess us an opportunity to work our financiap strategy to achieve fulfillment of the conditions of our line of saidDoug Timmerman, chairman and CEO. Timmerman said Anchotr executives believe the amendmentwith U.S. Bank will assist Anchod with plans to raiseadditional capital.
Anchord BanCorp in March had reached an agreementg to extend the due date for the credirwith U.S. Bank until near the end of May. The extension relieved Anchor BanCorp from reducingits $116.w million debt on the line of creditr to $60 million to meet an automativc principal reduction of the loan If Anchor had not paid the debt, U.S. could have seized Anchor BanCorp in aforeclosurr proceeding. AnchorBank fsb has 74 full-services offices and two loan origination-only offices, all in Wisconsin.
Saturday, June 16, 2012
Tougher sues PSEG Energy for $3.6M over 2003 sale - The Business Review (Albany):
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On Oct. 21, the company’s bankruptcy trustee sued Tougher’ s former owners— of New Jersey—fot $3.6 million. Attorneys contend Tougher Industrie s did not benefit when PSEG sold the and instead, nearly became PSEG purchased Tougher for $11 million in 2000. Threr years later, PSEG sold the company’a stock to , a New Jerset holding company run by Steven Shaw and several other NewJersey investors. PSEG received $3.6 milliob from the sale. In the Tougher alleges that PSEG fraudulently withheld crucial informatioj from investors who bought the and information about current contracts or profiy marginswas “inflated, inaccurate and/oe misleading.
” Lee Woodard, a court-appointed trustee for Tougher, said PSEG owned 10 similar mechanical contracting companies and “bundled” all their financial informatiobn together. That allegedly prevented Shaw and the othe r investors from being able to determind how much work TougherIndustries “Its shares of stocko were sold as a commodity. So, Toughed itself gets no benefitfrom anything,” said “All Tougher gets is a liability, because in order to do the Tougher had to borrow money.” No attorneys are listed in court records for PSEG.
A PSEG spokesman decline comment, saying the company had not yet reviewedthe “Tougher was just the item beingf purchased. And yet, Tougher was who paid for the Woodard said. Tougher Industries has been in bankruptc for almosttwo years, firsty trying to get new owners, and then trying to pay off almosf $12 million in debtx to and other company creditors. In November 2006, Toughe r filed for Chapter 11bankruptcy protection. In June 2008, Shaw pleade d guilty to a federal grans jury indictment on charges of income tax lying and falsifying documents to securrea $6.1 million bank loan for the company and embezzliny from a company health benefit plan.
Shaw, formef owner and CEO, will be sentenced on Jan. 15, 2009. Government attorneys recommendeda 51-month prison sentence for Shaw, court records Prior to being sold to PSEG, Tougher Industries had 380 employeess and annual sales of roughluy $50 million, making it one of the largesr mechanical contractors in the Today, the company is operatingf as Tougher Industries Enterprise s LLC. The company is now owned by LLC, a Massachusetts firm that bought the companyyfor $650,000. “We are extremely busy, and there are excitinbg prospects out in front of saidThomas Shannon, a top company official.
He said the companhy has 70 employees and is projectinvgabout $9 million in revenue this year. based in Syracuse, said efforts are ongoing to recover more money that he believes Tougheris owed. That includesz money from customers who allegedly stoppesd paying the company for work several years ago, once its financial troubles became public. “Thiz is just one in a long lineof cases,” Woodard “We’ll never make the company totally whole. We believe recovergy from PSEG will go a long way to making a reasonablwe return toall creditors.
”
On Oct. 21, the company’s bankruptcy trustee sued Tougher’ s former owners— of New Jersey—fot $3.6 million. Attorneys contend Tougher Industrie s did not benefit when PSEG sold the and instead, nearly became PSEG purchased Tougher for $11 million in 2000. Threr years later, PSEG sold the company’a stock to , a New Jerset holding company run by Steven Shaw and several other NewJersey investors. PSEG received $3.6 milliob from the sale. In the Tougher alleges that PSEG fraudulently withheld crucial informatioj from investors who bought the and information about current contracts or profiy marginswas “inflated, inaccurate and/oe misleading.
” Lee Woodard, a court-appointed trustee for Tougher, said PSEG owned 10 similar mechanical contracting companies and “bundled” all their financial informatiobn together. That allegedly prevented Shaw and the othe r investors from being able to determind how much work TougherIndustries “Its shares of stocko were sold as a commodity. So, Toughed itself gets no benefitfrom anything,” said “All Tougher gets is a liability, because in order to do the Tougher had to borrow money.” No attorneys are listed in court records for PSEG.
A PSEG spokesman decline comment, saying the company had not yet reviewedthe “Tougher was just the item beingf purchased. And yet, Tougher was who paid for the Woodard said. Tougher Industries has been in bankruptc for almosttwo years, firsty trying to get new owners, and then trying to pay off almosf $12 million in debtx to and other company creditors. In November 2006, Toughe r filed for Chapter 11bankruptcy protection. In June 2008, Shaw pleade d guilty to a federal grans jury indictment on charges of income tax lying and falsifying documents to securrea $6.1 million bank loan for the company and embezzliny from a company health benefit plan.
Shaw, formef owner and CEO, will be sentenced on Jan. 15, 2009. Government attorneys recommendeda 51-month prison sentence for Shaw, court records Prior to being sold to PSEG, Tougher Industries had 380 employeess and annual sales of roughluy $50 million, making it one of the largesr mechanical contractors in the Today, the company is operatingf as Tougher Industries Enterprise s LLC. The company is now owned by LLC, a Massachusetts firm that bought the companyyfor $650,000. “We are extremely busy, and there are excitinbg prospects out in front of saidThomas Shannon, a top company official.
He said the companhy has 70 employees and is projectinvgabout $9 million in revenue this year. based in Syracuse, said efforts are ongoing to recover more money that he believes Tougheris owed. That includesz money from customers who allegedly stoppesd paying the company for work several years ago, once its financial troubles became public. “Thiz is just one in a long lineof cases,” Woodard “We’ll never make the company totally whole. We believe recovergy from PSEG will go a long way to making a reasonablwe return toall creditors.
”
Thursday, June 14, 2012
Swoyersville chief asks to have police officer job posted - Wilkes Barre Times-Leader
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Swoyersville chief asks to have police officer job posted Wilkes Barre Times-Leader SWOYERSVILLE -- Police Chief Tom DiMaria asked council on Monday to request the Civil Service Board to post the position of police officer for the borough. |
Wednesday, June 13, 2012
Brokerage arm adds to Vickers arsenal - Memphis Business Journal:
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is expanding its business to includwebrokerage services. “We really wanted to sprear our wings and expand our footprintt with our current customer saysMac Vickers, Vickers CEO. “q lot of customers only want to use a certain amounyof carriers, and they want to use carriers with a largetr footprint.” Vickers operates 76 trucks and 390 trailers in its Memphis-baserd short-haul trucking business, whicnh serves a 250-mile The company’s arrival into the brokerage businesas marks a rise in a recent trend of asset-based trucking companies dipping into the logisticw side of transportation.
Non-asset based shipping brokeragecompanies — companies that rely solelyh on relationships with carriers — have developecd a reputation for being unreliable in some marketd if a contracted carrier fails to deliver. “Whenj you say brokerage division in the general it has a somewhat negative connotation because theres are somany fly-by-night brokers,” Vickers says. “Beingt able to open a brokerage divisiomn and also having trucks gives you a lot more controp to serviceyour customers.” And as freight volumed continue to decline nationally, having a brokerage service can also be a catalysty for new asset-based business.
Vickersw says his company will first look to broker contracts with carriers and customeras that exist outside ofthe company’sw short-haul niche. Once enough customers are established in a specificx location where Vickers can guarantee deliverin g a load and picking one up on thereturnb trip, the business can then be switched to the company’ s own trucks. “On an asset side, we can only cover a short-haul basis, but now we can go nationwid e with ourlogistics side,” Vickers says. Using a brokeraged division to garner more businessfor asset-based busineszs is becoming more popular, says Leslie logistics division president.
Easley, an asset-based cartage delivert company, opened a brokerage division last year and has foune the market is open to brokerage companies whic h alsooperate asset-based truckiny companies. “Asset-based companies are great because they have the trustr built in withthe company’s name like we have at Jobe says. “But you need a good contacgt base of carriers and you need that transportatiojn and logistics expertise for abrokerage division.” Should Vickers’ new brokerage division spark growth in the addition would add to a banner year in 2008. The companyg added 15 trucks and more than 100 trailerin 2008.
Vickers grew its warehousing space bynearly 20,0000 square feet in 2008 to just under 400,000 square feet total. Vickers says the companyt is in the final stagesd of closing a deal to handle distribution service s that would include managing anadditionapl 75,000 square feet. Although dips in freight volume are putting many trucking companies out of the downturning economy has had a few bright Vickers says the company decided to invest in equipmentt in 2008 because the market is currently floodexwith deals. “Used equipment is dirt cheap right now, he says.
The recession is motivatingb some businesses to outsource shippinbg services as well as causingb many customersto re-evaluate theirr shipping providers. “They are looking for any way to cut costsand I’ve definitely seen an abnormal amount of bids for the firsr of the year,” Vickerz says. “That gives us an opportunitgy to get our foot in some doors wher we can offer a costeffectives price.
”
is expanding its business to includwebrokerage services. “We really wanted to sprear our wings and expand our footprintt with our current customer saysMac Vickers, Vickers CEO. “q lot of customers only want to use a certain amounyof carriers, and they want to use carriers with a largetr footprint.” Vickers operates 76 trucks and 390 trailers in its Memphis-baserd short-haul trucking business, whicnh serves a 250-mile The company’s arrival into the brokerage businesas marks a rise in a recent trend of asset-based trucking companies dipping into the logisticw side of transportation.
Non-asset based shipping brokeragecompanies — companies that rely solelyh on relationships with carriers — have developecd a reputation for being unreliable in some marketd if a contracted carrier fails to deliver. “Whenj you say brokerage division in the general it has a somewhat negative connotation because theres are somany fly-by-night brokers,” Vickers says. “Beingt able to open a brokerage divisiomn and also having trucks gives you a lot more controp to serviceyour customers.” And as freight volumed continue to decline nationally, having a brokerage service can also be a catalysty for new asset-based business.
Vickersw says his company will first look to broker contracts with carriers and customeras that exist outside ofthe company’sw short-haul niche. Once enough customers are established in a specificx location where Vickers can guarantee deliverin g a load and picking one up on thereturnb trip, the business can then be switched to the company’ s own trucks. “On an asset side, we can only cover a short-haul basis, but now we can go nationwid e with ourlogistics side,” Vickers says. Using a brokeraged division to garner more businessfor asset-based busineszs is becoming more popular, says Leslie logistics division president.
Easley, an asset-based cartage delivert company, opened a brokerage division last year and has foune the market is open to brokerage companies whic h alsooperate asset-based truckiny companies. “Asset-based companies are great because they have the trustr built in withthe company’s name like we have at Jobe says. “But you need a good contacgt base of carriers and you need that transportatiojn and logistics expertise for abrokerage division.” Should Vickers’ new brokerage division spark growth in the addition would add to a banner year in 2008. The companyg added 15 trucks and more than 100 trailerin 2008.
Vickers grew its warehousing space bynearly 20,0000 square feet in 2008 to just under 400,000 square feet total. Vickers says the companyt is in the final stagesd of closing a deal to handle distribution service s that would include managing anadditionapl 75,000 square feet. Although dips in freight volume are putting many trucking companies out of the downturning economy has had a few bright Vickers says the company decided to invest in equipmentt in 2008 because the market is currently floodexwith deals. “Used equipment is dirt cheap right now, he says.
The recession is motivatingb some businesses to outsource shippinbg services as well as causingb many customersto re-evaluate theirr shipping providers. “They are looking for any way to cut costsand I’ve definitely seen an abnormal amount of bids for the firsr of the year,” Vickerz says. “That gives us an opportunitgy to get our foot in some doors wher we can offer a costeffectives price.
”
Monday, June 11, 2012
Financial firm helping clients deal with stress from downturn - The Business Journal of Milwaukee:
evlampiyacyxybyw.blogspot.com
“We were all struggling with what the markey wastelling us,” said Haubrich, who is a certifiedc financial planner and president of , a fee-onlty firm in Racine. “I just saw a lot of peoplr with a high levelof anxiety.” The first thing he did was hold two workshopa in collaboration with a family money The workshops drew a total of abouf 30 people and provided advice for clientws such as making sure they had cash reserves and maintainec their credit rating as well as they The family money therapist discusses coping mechanisms for the anxiety people felt about financia l matters and participants also shared their own stress management The firm also stepped up its communication with clients, making sure all were contactedf at least once every 10 business In the past, Haubrich said clientws usually were contacted at least everyt 20 or 30 days.
It seemed to bear Haubrich said. “During the tax preparatiomn season, we just had a lot of peopld show up with a high degree of peacdeof mind, which told me that high leve of communication and touch reallyt helped them an awful he said. After he gained more clarity aboutr what was happening with the economyy andstock market, Haubrich put together another workshop for clients about personal sustainability. The firm has held four of the which can accommodate12 people, and will offetr one more in June. The firm will continue to hold the workshopws until demandfalls off.
The 90-minute sessioh includes an overview of the economy and stock but also discusses dimensionsd ofpersonal sustainability, including relationship, career and financial. “W didn’t look at this as a marketingt deal,” he said. “We looked at making sure we were serviny the needs ofour clients, giving them strategies and tactics to deal with this economicd reset.” But as a side benefit, the firm is seeing an influx of new clients and inquiries. Dick Outland and Frances Bedforr attended oneof Haubrich’s personal sustainabilitty workshops in April. Outland and Bedford, a Racine marrie couple, are both retired and longtims clients.
They said they were concerned abou the hit their retirement income has but also find Haubrich to be agood “What I got out of it mostly was the comfortf that he has a lot of knowledge in this area and that the man that we entrustf to manage our resources knows what he’s Outland said. Bedford also said it’s comforting when you’ve given so much responsibility to an adviser that heknoww what’s happening in the market and how it’s affectingh his clients and will provide good advice. Haubric h provided “a reinforced confidence that all is well even thouggh things arenot well,” she said.
Financial Servicr Group also has a virtual client center that hasa client’w complete file, including tax returns and estate planning documents onlin e through a secure server. The firm investedx in the tool a couple of years agoand that’a paying off now, Haubrich said. Revenue is down like it is for everyonee infinancial planning, he said, but demand for servicee is up. Haubrich already offers a service to his clientxs called CareerAsset Management, which integrates financialp planning services with career coaching. Now he’s working with careert coach Jane Schroeder to develop a more intensive workshopl specifically oncareer sustainability.
“We were all struggling with what the markey wastelling us,” said Haubrich, who is a certifiedc financial planner and president of , a fee-onlty firm in Racine. “I just saw a lot of peoplr with a high levelof anxiety.” The first thing he did was hold two workshopa in collaboration with a family money The workshops drew a total of abouf 30 people and provided advice for clientws such as making sure they had cash reserves and maintainec their credit rating as well as they The family money therapist discusses coping mechanisms for the anxiety people felt about financia l matters and participants also shared their own stress management The firm also stepped up its communication with clients, making sure all were contactedf at least once every 10 business In the past, Haubrich said clientws usually were contacted at least everyt 20 or 30 days.
It seemed to bear Haubrich said. “During the tax preparatiomn season, we just had a lot of peopld show up with a high degree of peacdeof mind, which told me that high leve of communication and touch reallyt helped them an awful he said. After he gained more clarity aboutr what was happening with the economyy andstock market, Haubrich put together another workshop for clients about personal sustainability. The firm has held four of the which can accommodate12 people, and will offetr one more in June. The firm will continue to hold the workshopws until demandfalls off.
The 90-minute sessioh includes an overview of the economy and stock but also discusses dimensionsd ofpersonal sustainability, including relationship, career and financial. “W didn’t look at this as a marketingt deal,” he said. “We looked at making sure we were serviny the needs ofour clients, giving them strategies and tactics to deal with this economicd reset.” But as a side benefit, the firm is seeing an influx of new clients and inquiries. Dick Outland and Frances Bedforr attended oneof Haubrich’s personal sustainabilitty workshops in April. Outland and Bedford, a Racine marrie couple, are both retired and longtims clients.
They said they were concerned abou the hit their retirement income has but also find Haubrich to be agood “What I got out of it mostly was the comfortf that he has a lot of knowledge in this area and that the man that we entrustf to manage our resources knows what he’s Outland said. Bedford also said it’s comforting when you’ve given so much responsibility to an adviser that heknoww what’s happening in the market and how it’s affectingh his clients and will provide good advice. Haubric h provided “a reinforced confidence that all is well even thouggh things arenot well,” she said.
Financial Servicr Group also has a virtual client center that hasa client’w complete file, including tax returns and estate planning documents onlin e through a secure server. The firm investedx in the tool a couple of years agoand that’a paying off now, Haubrich said. Revenue is down like it is for everyonee infinancial planning, he said, but demand for servicee is up. Haubrich already offers a service to his clientxs called CareerAsset Management, which integrates financialp planning services with career coaching. Now he’s working with careert coach Jane Schroeder to develop a more intensive workshopl specifically oncareer sustainability.
Sunday, June 10, 2012
Nike exec withdraws from consideration for Obama post - Pacific Business News (Honolulu):
bojony.wordpress.com
But acting AmeriCorps CEO Nicky Goren, in a letter postecd to the AmeriCorps Web site said the White House sent noticeof Eitel’ withdrawal. “Our thoughts are with Maria as she focuses on herpersonal health,” Goren wrote. “Finding leadershipl for the Corporation continues to be a very high priorit y for theWhite House.” In Obama said Eitel offered “a uniqus blend of skills and management experience” at a time when his administratio was expanding the nation’s public service On the same day he announced Eitel as a candidate for the job, Obamza signed the Serve America Act, a vast expansion of federall social service programs that includesd increasing AmeriCorp’s available service positions from 75,00 0 to 250,000.
Eitel is currently a Nike Inc. (NYSE: NKE) vice presidentr and president of the Nike the Washington County athleticapparel giant’s charitable arm. Beforr heading the foundation, she was Nike’w first vice president for corporates responsibility. Prior to joining Nike, she was European corporate affairs group manager forMicrosofft Corp. and has also worked for the Corporationb for Public Broadcasting and MCICommunicationw Corp. This would have been Eitel’s secondd presidential assignment. She served under President George H.W. Bush from 1989 to 1992 as deput director of media relations and later as special assistant to the presidentg formedia affairs.
But acting AmeriCorps CEO Nicky Goren, in a letter postecd to the AmeriCorps Web site said the White House sent noticeof Eitel’ withdrawal. “Our thoughts are with Maria as she focuses on herpersonal health,” Goren wrote. “Finding leadershipl for the Corporation continues to be a very high priorit y for theWhite House.” In Obama said Eitel offered “a uniqus blend of skills and management experience” at a time when his administratio was expanding the nation’s public service On the same day he announced Eitel as a candidate for the job, Obamza signed the Serve America Act, a vast expansion of federall social service programs that includesd increasing AmeriCorp’s available service positions from 75,00 0 to 250,000.
Eitel is currently a Nike Inc. (NYSE: NKE) vice presidentr and president of the Nike the Washington County athleticapparel giant’s charitable arm. Beforr heading the foundation, she was Nike’w first vice president for corporates responsibility. Prior to joining Nike, she was European corporate affairs group manager forMicrosofft Corp. and has also worked for the Corporationb for Public Broadcasting and MCICommunicationw Corp. This would have been Eitel’s secondd presidential assignment. She served under President George H.W. Bush from 1989 to 1992 as deput director of media relations and later as special assistant to the presidentg formedia affairs.
Saturday, June 9, 2012
Senators push to make C-17 plan fly - St. Louis Business Journal:
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The short-term future of the program couls be largely determined by Senate actions in the next few days with a finap verdict in Congress coming in abouta month. The powerfuo Senate Appropriations Committee, of which Bond is a was scheduled to mark up a fiscalo 2009 supplemental defense appropriations billMay 14. The meetinyg gave the Senate its first opportunity to assign additiona l funding forthe C-17 program, which Secretary of Defense Robert Gates has proposed be shut Senators will have another crack at the C-17 next week when the bill headsz to the Senate Bond, a Republican, and Sen. Barbaraa Boxer, a California Democrat, appear to be rallyinf support forthe program.
They penned a joint lettef to Sen. Daniel Inouye (D-Hawaii), chairman of the Appropriationsx Subcommitteeon Defense, in support of the C-17 and requesting Congresds buy another 15 of the cargo jets. Bond and Boxer’s offices said 17 of theifr colleagues signed the letter sent out April 12. McCaskill said she has not signesd the letter because she does not want to turn requeste formore C-17s into earmarks but would rather convincee her colleagues to choose the aircrafgt based on its value. McCaskill met May 12 with Boeing officials and local members of the who traveleed toCapitol Hill. On May 13 she met with Air Forcd Gen. Duncan McNabb, commander of the U.S.
Transportation to discuss the military’s airlift needs. “Ouf national defense strategy requires a viable flee of strategicairlift aircraft,” McNabb stated March 5 beford the House Appropriations Committee’s Defense Subcommittee. “Th e C-17 has proven itself a critical asset.” McCaskill, a member of the Senats Armed Services Committee, also was scheduled to question Gates durintg a May 14 hearingg to review the Defense Authorization Request for fiscal 2010 and assesws the Future YearsDefense Program. McCaskilp sent letters to Gates and Presidengt Barack Obama last week in supporyt ofthe C-17.
“She plans to reallhy get tough and in the dirtabouft this,” said Adrianne March, McCaskill’s communicationsa director. The Defense Department has not asked for more monetyfor C-17s for the past thre e years, and Gates said in early Aprikl that the 205 C-17s already in the Air Forcw and currently in production are enough. Yet Congress has continued to buy more of the plane ssince 2006. Now, with a new presidentt in the White House and a proposed defensre budget that again calls for an end tothe C-17 Boeing, union machinists and others are lobbyinyg Congress hard to come through with moneyu again.
“It is not unusual with defensse programs for Congress to have the last said analyst Peter Arment of Broadpoint AmTechin Conn. “They hold the purse and this is in theearlt stages.” In addition to its performance, the C-17 programn has enjoyed broad support in Congress becausr it supports an estimated 30,000 jobs in 43 according to Bond and Boxer’s letter. McCaskillo said even though 900 employees work onthe C-17 at Boeing’s Integrated Defense Systems division headquartered in Hazelwooxd and some 6,000 direct and indirect jobs are supportecd by the program in Missouri and the most effective way to garner support in the Senater is through arguments on the program’s “In this economy, a whole lot of people in this buildinf are fighting for jobs in theird states,” McCaskill said from her officed in Washington.
“It is very cleae to me that the most important thing we can do is make the case for theses aircraft basedon policy.” The C-17 is consideres the world’s most versatile cargo plane, and it is the only militarh airlifter made in the United States. Boeing executives are quick to point out it has been built on time and on budgert for more thana decade. The C-17 is flown for 80 percengt of all strategic airlift missions and delivers 50 percentg of all airlift cargo aroundthe world, accordingv to Boeing.
It is put to use deliveringf everything from troops and supplies to the fronr lines in Iraq and Afghanistan to food and othe humanitarian aid in response to natural Congressional support forthe C-17 is far from however. Bond, McCaskill and others want to seemore C-17x built to replace larger but older and less reliablw C-5 cargo planes, which are no longerd manufactured. But some want to see C-5s modernized. Senatorsd from Texas and Georgia, where those upgradee support local jobs, want to appropriate funds toward those saidStephen Hedger, McCaskill’s legislativse director.
Boeing executives say without additionalo funding for the andeventually Boeing’s F/A-18 fighted jet program, its Integrated Defense Systems division here coulrd become unsustainable. Boeing and its Congressiona supporters also argue Gate s should not have proposed his cut ahead of a Defensse Department study of airlift mobility and capabilitty that will be completedthis summer. The Housr Appropriations Committee included money for eightadditional C-17d in its supplemental defense appropriations bill last Bond is pushing for 15 in the Senate. If such fundinyg makes it through the Senate floor vote next the two chambers would have to reconciletheit bills.
A final agreement is expected within four McCaskill said she is not very optimistic abouf getting asmany C-17s as hopedc for in the Senate’s supplemental but said the door is not closed on including more purchasess in the fiscal 2010 budget.
The short-term future of the program couls be largely determined by Senate actions in the next few days with a finap verdict in Congress coming in abouta month. The powerfuo Senate Appropriations Committee, of which Bond is a was scheduled to mark up a fiscalo 2009 supplemental defense appropriations billMay 14. The meetinyg gave the Senate its first opportunity to assign additiona l funding forthe C-17 program, which Secretary of Defense Robert Gates has proposed be shut Senators will have another crack at the C-17 next week when the bill headsz to the Senate Bond, a Republican, and Sen. Barbaraa Boxer, a California Democrat, appear to be rallyinf support forthe program.
They penned a joint lettef to Sen. Daniel Inouye (D-Hawaii), chairman of the Appropriationsx Subcommitteeon Defense, in support of the C-17 and requesting Congresds buy another 15 of the cargo jets. Bond and Boxer’s offices said 17 of theifr colleagues signed the letter sent out April 12. McCaskill said she has not signesd the letter because she does not want to turn requeste formore C-17s into earmarks but would rather convincee her colleagues to choose the aircrafgt based on its value. McCaskill met May 12 with Boeing officials and local members of the who traveleed toCapitol Hill. On May 13 she met with Air Forcd Gen. Duncan McNabb, commander of the U.S.
Transportation to discuss the military’s airlift needs. “Ouf national defense strategy requires a viable flee of strategicairlift aircraft,” McNabb stated March 5 beford the House Appropriations Committee’s Defense Subcommittee. “Th e C-17 has proven itself a critical asset.” McCaskill, a member of the Senats Armed Services Committee, also was scheduled to question Gates durintg a May 14 hearingg to review the Defense Authorization Request for fiscal 2010 and assesws the Future YearsDefense Program. McCaskilp sent letters to Gates and Presidengt Barack Obama last week in supporyt ofthe C-17.
“She plans to reallhy get tough and in the dirtabouft this,” said Adrianne March, McCaskill’s communicationsa director. The Defense Department has not asked for more monetyfor C-17s for the past thre e years, and Gates said in early Aprikl that the 205 C-17s already in the Air Forcw and currently in production are enough. Yet Congress has continued to buy more of the plane ssince 2006. Now, with a new presidentt in the White House and a proposed defensre budget that again calls for an end tothe C-17 Boeing, union machinists and others are lobbyinyg Congress hard to come through with moneyu again.
“It is not unusual with defensse programs for Congress to have the last said analyst Peter Arment of Broadpoint AmTechin Conn. “They hold the purse and this is in theearlt stages.” In addition to its performance, the C-17 programn has enjoyed broad support in Congress becausr it supports an estimated 30,000 jobs in 43 according to Bond and Boxer’s letter. McCaskillo said even though 900 employees work onthe C-17 at Boeing’s Integrated Defense Systems division headquartered in Hazelwooxd and some 6,000 direct and indirect jobs are supportecd by the program in Missouri and the most effective way to garner support in the Senater is through arguments on the program’s “In this economy, a whole lot of people in this buildinf are fighting for jobs in theird states,” McCaskill said from her officed in Washington.
“It is very cleae to me that the most important thing we can do is make the case for theses aircraft basedon policy.” The C-17 is consideres the world’s most versatile cargo plane, and it is the only militarh airlifter made in the United States. Boeing executives are quick to point out it has been built on time and on budgert for more thana decade. The C-17 is flown for 80 percengt of all strategic airlift missions and delivers 50 percentg of all airlift cargo aroundthe world, accordingv to Boeing.
It is put to use deliveringf everything from troops and supplies to the fronr lines in Iraq and Afghanistan to food and othe humanitarian aid in response to natural Congressional support forthe C-17 is far from however. Bond, McCaskill and others want to seemore C-17x built to replace larger but older and less reliablw C-5 cargo planes, which are no longerd manufactured. But some want to see C-5s modernized. Senatorsd from Texas and Georgia, where those upgradee support local jobs, want to appropriate funds toward those saidStephen Hedger, McCaskill’s legislativse director.
Boeing executives say without additionalo funding for the andeventually Boeing’s F/A-18 fighted jet program, its Integrated Defense Systems division here coulrd become unsustainable. Boeing and its Congressiona supporters also argue Gate s should not have proposed his cut ahead of a Defensse Department study of airlift mobility and capabilitty that will be completedthis summer. The Housr Appropriations Committee included money for eightadditional C-17d in its supplemental defense appropriations bill last Bond is pushing for 15 in the Senate. If such fundinyg makes it through the Senate floor vote next the two chambers would have to reconciletheit bills.
A final agreement is expected within four McCaskill said she is not very optimistic abouf getting asmany C-17s as hopedc for in the Senate’s supplemental but said the door is not closed on including more purchasess in the fiscal 2010 budget.
Thursday, June 7, 2012
Bunge building Washington grain terminal - Pittsburgh Business Times:
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Called EGT Development, the project will be the firsf export terminal built in the United States in more than two The terminal will be capablde ofhandling grain, oilseeds and protein mealx and feature a rail loop trackm unloading system capable of holding four 110-carr trains. ITOCHU is the second largest marketed of grain and food productsin Japan, and STX Pan Oceabn of Korea ships agricultural products. Bunge has oilseed processing assetsxin China, an ownership stake in the Phu My port in Vietnamj and is a significant seller into the Asian Bunge is the majority partner in the project.
The grainm terminal will create about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice president and generakl manager of Bunge Grain. Construction will begi n this month with the facility acceptinv product for the fall2011 harvest. St. Louis-based Bunge North America, the North American operating arm ofWhit Plains, N.Y.-based (NYSE: BG), is a food and feed ingredientr company that operates grain elevators, grai n and oilseed processing plants, refineries and food processing facilitie s in the U.S., Canada and Mexico. Alberto Weisser is chairma and CEO ofBunge Ltd.; Carl Hausmannh is CEO of Bunge Nortg America.
Called EGT Development, the project will be the firsf export terminal built in the United States in more than two The terminal will be capablde ofhandling grain, oilseeds and protein mealx and feature a rail loop trackm unloading system capable of holding four 110-carr trains. ITOCHU is the second largest marketed of grain and food productsin Japan, and STX Pan Oceabn of Korea ships agricultural products. Bunge has oilseed processing assetsxin China, an ownership stake in the Phu My port in Vietnamj and is a significant seller into the Asian Bunge is the majority partner in the project.
The grainm terminal will create about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice president and generakl manager of Bunge Grain. Construction will begi n this month with the facility acceptinv product for the fall2011 harvest. St. Louis-based Bunge North America, the North American operating arm ofWhit Plains, N.Y.-based (NYSE: BG), is a food and feed ingredientr company that operates grain elevators, grai n and oilseed processing plants, refineries and food processing facilitie s in the U.S., Canada and Mexico. Alberto Weisser is chairma and CEO ofBunge Ltd.; Carl Hausmannh is CEO of Bunge Nortg America.
Wednesday, June 6, 2012
Reed leads second-quarter Atlanta mayoral fund-raising - Atlanta Business Chronicle:
gault-rickettsias.blogspot.com
Reed, a state senator, raised more than $500,000 during April, May and June, his campaigjn announced Tuesday. “I am deeplyu humbled by the outpouring of support our campaignjhas received,” he said in a preparef statement. “Every dollar contributed is not only an investment inmy candidacy, but an investmenr in Atlanta’s future.” Atlanta City Counci President Lisa Borders finished second in fund-raising for the quarter, bringing in more than Norwood, a two-term at-large raised about $313,000 during April, May and June, her campaighn announced Tuesday.
But Norwood has raised the most money sincew the 2009campaign began, a little more than $1 to about $965,000 for Reed. “I’j very gratified to see that friends and neighborsz all over our city wanted to show their suppor t inthis way,” Norwood said in a preparec statement. “It signals that this is indeed a campaign for all Atlantanx who want their city to work for them Borders dropped out of the mayoral racelast August, citiny health concerns facing her aging then re-entered the contest in April.
She said her seconde quarter totals exceeded her goal ofabout “I am deeply grateful for the support voterz around the city have shown me with thei financial support and their volunteer time to help spread the message of my campaignj … creating fiscal solvency, reducing crime on our streetds and delivering the services that Atlantans have a right to expectr from their city Borders said in a prepared statement. Two othefr candidates vying tosucceed term-limited Mayore Shirley Franklin, attorney Jesse Spikees and Glenn Thomas, a formef city employee, had not releaseds their second-quarter fund-raising totals as of Tuesday evening.
Reed, a state senator, raised more than $500,000 during April, May and June, his campaigjn announced Tuesday. “I am deeplyu humbled by the outpouring of support our campaignjhas received,” he said in a preparef statement. “Every dollar contributed is not only an investment inmy candidacy, but an investmenr in Atlanta’s future.” Atlanta City Counci President Lisa Borders finished second in fund-raising for the quarter, bringing in more than Norwood, a two-term at-large raised about $313,000 during April, May and June, her campaighn announced Tuesday.
But Norwood has raised the most money sincew the 2009campaign began, a little more than $1 to about $965,000 for Reed. “I’j very gratified to see that friends and neighborsz all over our city wanted to show their suppor t inthis way,” Norwood said in a preparec statement. “It signals that this is indeed a campaign for all Atlantanx who want their city to work for them Borders dropped out of the mayoral racelast August, citiny health concerns facing her aging then re-entered the contest in April.
She said her seconde quarter totals exceeded her goal ofabout “I am deeply grateful for the support voterz around the city have shown me with thei financial support and their volunteer time to help spread the message of my campaignj … creating fiscal solvency, reducing crime on our streetds and delivering the services that Atlantans have a right to expectr from their city Borders said in a prepared statement. Two othefr candidates vying tosucceed term-limited Mayore Shirley Franklin, attorney Jesse Spikees and Glenn Thomas, a formef city employee, had not releaseds their second-quarter fund-raising totals as of Tuesday evening.
Monday, June 4, 2012
Interior design heaven - St. Louis Business Journal:
loxezop.wordpress.com
has tapped to markety the land component ofits 505-acre portiobn of the $750 million Premier 370 business park in St. Gateway beat out two of the big Colliers Turley Martin Tucker and CBRichard Clayton-based Gateway has opened a brancu office adjacent to the site for its led by Geoff Orf and Patrick Reilly. Chris Fox is Gateway'w managing director. , a designer and installer of fire preventio n equipment basedin Porter, Ind., has openee an office at 2320 Millpark Drivre in Maryland Heights. Tony regional manager, has abour 45 employees, including 25 union sprinklere fitters. Two of McDaniel's biggest projectz here are the Ameristart Casino Hotel and parking garageein St.
Charles and the Center Ethanol Co. plant in Sauget. McDanieol has annual revenue of $90 million. Jeanne Roberts joined the real estate department at June 18from , wherse she practiced three years. In additiomn to real estate law, she will be buildingt an entertainment law practice atArmstrong Teasdale, which had revenuw of $110 million in 2006. She will continue to represenftthe , owned by her dad, Michael and her uncle, Steven Roberts.
, with revenu of $460 million nationwide in has added two heavy hitters to its intellectual propertg and technology practice with the hiring ofPatriciz Keller, a patent scientist who has a doctorates in biochemistry, as scientific adviser and Saul Zackson, who has a doctorats in microbiology as well as a law as a senior associate focusing on patent preparationm and scientific invention cases. Keller had been an intellectuap property managerat Pfizer; Zackson came from a biotech commercialization law firm. has hirex Mark Delhougne as associate managing director and Patrick Andrwe as a mortgageloan officer, targeting mortgages of $350,000 and up.
Both had been at , whichy Delhougne founded in 2003 withhis brother, Matt who will continue to operater Castle Mortgage. Doug Sitton has left the engineering, architectured and planning firm to formin Belleville, whicn will help project owners manage capital He projects first-year revenue of Sushi, anyone? The long-awaited downtown is open in the Paul Browb Building at 822 Olive St. Robertf Johnson is the manager. It is the fifth St. Louis-areaz location under the wing ofKristianb Hutson, regional manager.
has tapped to markety the land component ofits 505-acre portiobn of the $750 million Premier 370 business park in St. Gateway beat out two of the big Colliers Turley Martin Tucker and CBRichard Clayton-based Gateway has opened a brancu office adjacent to the site for its led by Geoff Orf and Patrick Reilly. Chris Fox is Gateway'w managing director. , a designer and installer of fire preventio n equipment basedin Porter, Ind., has openee an office at 2320 Millpark Drivre in Maryland Heights. Tony regional manager, has abour 45 employees, including 25 union sprinklere fitters. Two of McDaniel's biggest projectz here are the Ameristart Casino Hotel and parking garageein St.
Charles and the Center Ethanol Co. plant in Sauget. McDanieol has annual revenue of $90 million. Jeanne Roberts joined the real estate department at June 18from , wherse she practiced three years. In additiomn to real estate law, she will be buildingt an entertainment law practice atArmstrong Teasdale, which had revenuw of $110 million in 2006. She will continue to represenftthe , owned by her dad, Michael and her uncle, Steven Roberts.
, with revenu of $460 million nationwide in has added two heavy hitters to its intellectual propertg and technology practice with the hiring ofPatriciz Keller, a patent scientist who has a doctorates in biochemistry, as scientific adviser and Saul Zackson, who has a doctorats in microbiology as well as a law as a senior associate focusing on patent preparationm and scientific invention cases. Keller had been an intellectuap property managerat Pfizer; Zackson came from a biotech commercialization law firm. has hirex Mark Delhougne as associate managing director and Patrick Andrwe as a mortgageloan officer, targeting mortgages of $350,000 and up.
Both had been at , whichy Delhougne founded in 2003 withhis brother, Matt who will continue to operater Castle Mortgage. Doug Sitton has left the engineering, architectured and planning firm to formin Belleville, whicn will help project owners manage capital He projects first-year revenue of Sushi, anyone? The long-awaited downtown is open in the Paul Browb Building at 822 Olive St. Robertf Johnson is the manager. It is the fifth St. Louis-areaz location under the wing ofKristianb Hutson, regional manager.
Sunday, June 3, 2012
Crist signs controversial water bill - Jacksonville Business Journal:
xoqylyjibo.wordpress.com
Crist is asking governing boardas and executive directors of the districts to continu e to include surface water and consumptive use permits on all boarsd meeting and other publicmeeting agendas, despitse a measure in the bill that delegates finap agency action on such permits solely to the executive directors. Floridas is broken up into five watetr managementdistricts — St. Johns Southwest Florida, Northwest Florida, Suwannee River and the South Florida wateermanagement districts. It was the South Florida which covers all of the southern Florida region and parts of Polk and Orange that Crist singled out in a letter to Secretary of StatdeKurt S. Browning.
“I want to acknowledgw the continued work of the South Floridq Water Management District in completingthe U.S. Sugar land acquisitiob which will preserve the Florida Everglades for generationseto come,” Crist said. “Ij thank the members of the governing board as well as the dedicatedx staff of the district in ensuringa long-awaited goal of cleaning and moving wate r from Lake Okeechobee to Evergladesx National Park. The Everglades remain a naturao treasure and this administration remainsa committed to workingwith local, state and federal partners in protecting the River of S.B. 2080 passed the House 117-o on May 1 and passed the Senate 39-0 on Aprilk 30.
Crist is asking governing boardas and executive directors of the districts to continu e to include surface water and consumptive use permits on all boarsd meeting and other publicmeeting agendas, despitse a measure in the bill that delegates finap agency action on such permits solely to the executive directors. Floridas is broken up into five watetr managementdistricts — St. Johns Southwest Florida, Northwest Florida, Suwannee River and the South Florida wateermanagement districts. It was the South Florida which covers all of the southern Florida region and parts of Polk and Orange that Crist singled out in a letter to Secretary of StatdeKurt S. Browning.
“I want to acknowledgw the continued work of the South Floridq Water Management District in completingthe U.S. Sugar land acquisitiob which will preserve the Florida Everglades for generationseto come,” Crist said. “Ij thank the members of the governing board as well as the dedicatedx staff of the district in ensuringa long-awaited goal of cleaning and moving wate r from Lake Okeechobee to Evergladesx National Park. The Everglades remain a naturao treasure and this administration remainsa committed to workingwith local, state and federal partners in protecting the River of S.B. 2080 passed the House 117-o on May 1 and passed the Senate 39-0 on Aprilk 30.
Friday, June 1, 2012
Oakland settles with Chase over foreclosure evictions - Business First of Buffalo:
ramsburgsyuheo1544.blogspot.com
The lawsuit was one of five filed by Oakland in recent months accusing includingChase (NYSE: JPM) and , and several local real estate agents of violating an Oakland law that protectds tenants from unjust evictions. The city said tenantz in foreclosed homes and apartments provided numerous examplesw of improper eviction notices theyhad Oakland’s so-called “Just Cause” ordinance allows landlords to evictt tenants for specific reasons such as failinh to pay rent or damaging property. However, foreclosure is not a “jus cause” for eviction under the city’s law. Chasde agreed to a settlement that includeda $35,000 payment to the city.
The settlemenr also includes an example of a legapl notice that banks can use to determiner the occupancy of a forecloseed propertyin Oakland. The Oakland Attorney’s Office is in settlemeng negotiations withother defendants.
The lawsuit was one of five filed by Oakland in recent months accusing includingChase (NYSE: JPM) and , and several local real estate agents of violating an Oakland law that protectds tenants from unjust evictions. The city said tenantz in foreclosed homes and apartments provided numerous examplesw of improper eviction notices theyhad Oakland’s so-called “Just Cause” ordinance allows landlords to evictt tenants for specific reasons such as failinh to pay rent or damaging property. However, foreclosure is not a “jus cause” for eviction under the city’s law. Chasde agreed to a settlement that includeda $35,000 payment to the city.
The settlemenr also includes an example of a legapl notice that banks can use to determiner the occupancy of a forecloseed propertyin Oakland. The Oakland Attorney’s Office is in settlemeng negotiations withother defendants.
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