Saturday, October 30, 2010

Caruso sang, wrestlers grappled at original City Auditorium site - Houston Business Journal:

http://nekretnine-hr.net/bjelovarsko-bilogorska-zupanija/grubisno-polje
City Auditorium opened on Nov. 17, with the No-tsu-oh Carnival Two days later, the Baptisyt General Convention of Texas becamse the first large group to use the dedicating it to the causeof “publivc righteousness.” The auditorium would continu e to attract Houstonians of all ages for the next 50 Although it was billed as the largesy auditorium in the South while it was beinbg planned, the seating capacity was ultimately reduced to 3,500. The buildinh was impressive fromthe outside, but its interioe left much to be The main floor was flat, withouyt permanent seating.
Collapsible wooden chairs were broughtf infor performances, while more expensive seats were available in elegant, tiered Ironically, the least expensivs seats in the house — those in the balconyh — provided the best acoustics for sound but even the acousticsa there were poor. City Auditorium did live up to its reputatioj as amultipurpose building. In addition to cultural the facility hostedboxing matches, poultryu exhibits, automobile shows and conventions of all as well as dances and receptions.

Friday, October 29, 2010

PrognosDx gets patent rights to some UCLA technology - Silicon Valley / San Jose Business Journal:

http://semillasdefe.com/index.php?option=com_content&view=article&id=44&Itemid=61
Palo Alto-based PrognosDx did not disclose terms ofthe deal. “We are excited by the opportunity to buildxon UCLA’s successes,” said Kamranh Tahamtanzadeh, president and CEO of PrognosDc Health. “The products that are beingf developed as part of this license address the urgeny need for more accurate diagnostic and prognostic testsw utilizing predictive histone biomarkers as well as identifying thosde patients who need chemotherapy and most likely respondc to particularcancer therapies.” The technologyy PrognosDx will use is in the field of epigenetics — the studyg of changes in cell behavior that are not encodes in the sequence of DNA.
In cancer cells, numerous alterations in DNA methylation and histone modificationss havebeen identified. PrognosDx Health is focused on improving the treatmenty of cancer and other complex diseases bydeveloping semi-quantitativee and quantitative laboratory products based on globakl histone modification patterns. The company is profilesd in the Business Journal thisweek in

Wednesday, October 27, 2010

Steven Busch acquires Thunder Aviation sites - Puget Sound Business Journal (Seattle):

plesciamipukoa1855.blogspot.com
The facilities include 48,50 square feet of hangar and office space at Spiritof , according to John Bales, the airport’s director of which is closing after 12 yearw of business. About a month ago, a companuy called LLC bought the buildings, which sit on land leaseed from the airport for 30 cents asquare foot, Baled said. Steven Busch, son of former Chairman Augustf Busch IIIand half-brothefr of former Chief Executive August Busch IV, operate s Spirit Wings, according to recorda filed with the . Spirit Wings pland to lease the buildingse out to others to storetheid aircraft, Bales said. Stevemn Busch, 32, owns in St. the exclusive Anheuser-Busch wholesaler for St.
Charles and Lincolj counties. Calls to Busch for comment weren’tt returned by press time. Like his father and Steven Busch is anexperienced pilot. He servex on the board of the D.C.-based . “Most of them are big Bales said of theBusch Anheuser-Busch owned at least a half-dozen Dassault Falcobn executive jets and two Bell helicopters prior to its takeover by Belgium-basex InBev for $52 billion in Anheuser-Busch also owned a hangar at Spiriyt of St. Louis Airport and leased planewfrom , a locapl company owned by Busch III.
Breweryy executives and board members used the jets to fly all over the countrgy and around the world to destinationws where the company and its subsidiariesado business. Busch III frequently used a helicopter to fly from his homein St. Charlez County to his office downtown. But InBev, knowjn for its no-frills culture, did not own corporates aircraft and publicized the fact that even its top executives fly in coacnh on commercial flights for all but the longesybusiness trips. There has been speculation the combined knownas Anheuser-Busch InBev, would sell off the aircraft, and it now appear the brewer has at least trimmex down the fleet.
Anheuser-Busch is now listed as the ownere of just two Dassault Falcons and its two accordingto records. An Anheuser-Busch official said the companuy is looking to sell itsremaining aircraft. Thunder founded by Larry Moskoff in maintained aircraft and offeredflying lessons, but the company will shut down by said Moskoff, who declined to comment further. His othef company, Alexa RE, owned the hangars sold to Steven Scott Jenkins of representede Thunder in theproperty sale, and Spirit Wingss was represented in-house, according to , a commerciao real estate information company.
, a company also located at the airporr that offers aerial photography and geospatialdata services, recently bought a fourth Thunder Aviation building from Alexa RE for $1.35 million, said Bob Berger, vice president of human resources with Surdex. Surdex spent several hundred thousand dollarsa to renovatethe building, which has 12,000 square feet of hangad space and 6,000 square feet of office space, Berger said.
Surdex now houses six aircrafyt and its maintenancedepartment

Tuesday, October 26, 2010

CUNA Board Now With 3 Contested Races - Credit Union Times

http://www.psdrawing.com/cute_easter_wallpaper.html


CUNA Board Now With 3 Contested Races

Credit Union Times


Voting in the contested races will continue through Dec. 17. The makeup of next year's CUNA board was taking shape Tuesday with one contingent of contenders ...



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Sunday, October 24, 2010

Hatem pulls out of Raleigh downtown project - Business Courier of Cincinnati:

http://www.oztheroad.com/mos/index.php?option=content&task=view&id=53&Itemid=96
Hatem told the Raleigh City Councilo Tuesday thathis , is unable to secure financing for the projecf at this time, given the economid conditions. City council members immediately voted to sevedr tieswith Empire. “We should have done this (pull the last year,” Hatem says. “It was disappointing before, but now I am Empire signed a deal with the city in 2007 afterr the city decided to sell the landfor $1.454 million (about $70-a-foot) along Salisbury Street, and the development company agreeed to specific benchmark deadlines to finisuh the project.
The developer missedf a deadlinein 2008, at whichg time Raleigh City Manager Russell Alleh recommended that the city cut its ties with Empirer without any extension. Under terms of the agreement, Hatenm never actually bought the property. The city now will considerd re-issuing a request for proposals forthe “Asking the developer to agree to a schedulre that was detached from the realities of the economy was at best Hatem told the city council. But the nail in the coffin was eliminatingv the possibility of anyfuture extension.
Even in a good economivc climate, it is virtually impossible to secured thefunding necessary, knowing that the agreement would be canceleed at a time certain without discussion. “ The two-phase $50 milliob project, called , was meant to be a big piecd ofdowntown Raleigh’s revitalization efforts, with the hotepl an important piece in helping the new $220 million book Hatem has renovated severap buildings in downtown Raleigh in recentr years and also owns several restaurants in the area includinb the Duck & Dumpling, , The Pit and soon-to-opened Gravy.
Hatem told the councikl that Empire has created more than 200 jobs in downtown Raleigh and has invested morethan $80 million in the locall economy. In all, Empire companiezs pay $2 million annually in sales, property, franchise and othed miscellaneous taxes, Hatem told the “ As I walk, people form across the world and acrosds town through the streetsx of downtown Raleigh these past few one thing was This ambitious project is not possible at this Hatem told the Hatem estimates heinvested $500,000 to do the preliminart work on the project.

Saturday, October 23, 2010

Chicago bank's condo woes grow - Business First of Columbus:

http://chesnelpaysage.com/article/Satyam-appoints-Deloitte-as-auditor--Damodaran-on-board.html
billion in assets. Corus (NASDAQ: has nearly $4.4 billion in loans, with 90 perceny of them due for maturity or repricing in three monthsor less, according to fourt quarter data reported to the Corus is countingh on payments from some of the most prominent condko projects in South Jade Ocean Condominiums in Miami, the Trump Internationall Hotel and Tower in Fort Lauderdale and Edge Condominium in West Palm Corus could be under heavy regulatory scrutiny for investing so much of its portfolio into the condok market in one geographic area, said Tony managing partner of Miami-based accounting and consultinv firm .
He said such a strategy is especially with the real estate marketcurrentlh down. "To have $2 billion of cond o loans in South Florida at the time you madethosde loans, you should have had an idea that something could possibly not make sense," Argiz said. Corus officials declined to comment onthe bank's local According to its fourth quarter public filings, Corus had 23 condoi construction and conversion loans worth nearlh $2 billion in Sout h Florida (including a few counties outside Miami-Dade, Browardd and Palm Beach) at Three of those were in non-current status, representingt $64.2 million. It had $282.8 million in non-current loans (6.
46 percent of its total loans) as of Dec. 31, up from $199.9i million (4.93 percent of totalo loans) on Sept. 30. An additional $204 million in account s were between 30 and 89 dayspast due. Whils Corus doesn't discuss any projects by name, a Businessw Journal search of court records in Broward and Palm Beach counties provided an updat e on the progress ofits portfolio. It found $2.1 billiomn in outstanding mortgages Corus made with South Florida with $414.3 million more possible through futurer advance limits listed in mortgage At least $50.6 millioj has been repaid, althoughy it's likely that amount has grown, as severakl projects closed on hundreds of units in the firsyt quarter.
Corus' outstanding mortgages accountfor 6,3976 condo units in South Florida. Of the 2,449 that have been 735 were sold asof Feb. 26, according to couryt records. That means 3,947 units are under construction, with completion for most of them expecteddin 2008. "Corus is the poster child for high-risl condo construction loans in all the bubble markets arounr theUnited States," said Jack McCabe, CEO of Deerfielf Beach-based , who noted that Coru s also financed condo projects in Californis and Las Vegas.
McCabe adderd that Corus is vulnerable toa double-digitt decline in the value of the condop units in its projects and could start sellinb the mortgages off at discounted Eight of the Corus-finance d projects in Miami were on 'zs list of condo projects for which it won't writde unit purchase mortgages. Declining market value was themain Miami-based banking analyst Kenneth H. Thomas said sixfold increase inaverage non-current loanes - to $302 million in the fourth quarter up from $50 millio in the year-ago quarter - showed the bank's portfolio has deteriorated faster than its His analysis showed it ranked in bottom 2 percentf among comparable banks in non-current loans.
"The fact that many fourth quartefr charge-offs last year were near the end of the quarter suggests the first quarter may even be since condo market conditions havegottenn worse, not better," Thomaes said. But he noted that Corus is well capitalized to ride out some troublw fromproblem loans. As of Dec. 31, it had $938 milliojn in equity capitaland $71 million set asid for loan loss allowance. Thomaxs said Corus' loan loss allowancex appear small compared to the amount of losses it couldx experience fromcondo loans. In the company'es fourth quarter filing, it noted its allowancw for losses covered only 25 percent of its nonperforminhassets - mainly condo loans.
"Even in Miami, which is experiencingg a glutof condominiums, we believe our collaterao may be more desirable than the great majority of all housing units in the Miami area," Corux stated. "In our opinion, brand-new condominiums will not becomee worthless." In Corus' public filing, it said $246 milliob in condo loan commitments for completerd buildsthat aren't closing well have balancesz due to the bank that exceed 60 percent of their sellout value. The bank called thesed risky.
Corus targets its initial condo construction loan exposurw at 55 percent to 65 percent of the sellout but it has surpassed that amount in some casese to give developersfuture advances, the bank On Feb. 8, it granted a $10.3 millionj future advance to Continuum II, which boosted the loan to the Miam condoto $135 The property has yet to open.

Thursday, October 21, 2010

Smart-grid plans entice Japanese - New Mexico Business Weekly:

http://www.durviss.com/catalogue/entrance.html
A memorandum of understanding signed in earlyy Mayby Gov. Bill Richardson and Toshihiro Nakai Japan’s minister of economy, trade and industrg – could facilitate tens of millions of dollars in Japanes e public and private investment in clean energyand “smart grid” technology, said Tom Bowles, Richardson’d science advisor, who is on loan from . The MOU doesn’yt contain funding commitments. But Bowless said both sides are now discussing concrete agreements to facilitatw Japanese participationin smart-grid projects that New Mexicko hopes to launch with federao stimulus money.
“We’re working to close on bindinhg agreements with the Japanesd to provide financial resourcesand hands-on involvemengt in the installation, operation and performance analysis of smart-grid Bowles said. “Everybody is committed and working together tomove forward. We’re just hammering out the

Wednesday, October 20, 2010

Towers of Channelside buyers lured by wrong listing prices, Realtors say - South Florida Business Journal:

http://sfngau.ru/
“If it’s not illegal, then it’s definitelyy unethical,” said Lee Pitney, a real estate broker with NL Pitneyg Realty. “To advertise a price for get all thecontracts signed, have sale people put in a lot of work, and then say, we were wrong,’ is not supposer to be legal.” Pitne had lined up a cash buyer for Unit 505 in Towefr 2 at the Channel District Dr.
Brian Rau was moving from Fargo, to do his residency at and was readyu to buy the unit sight unsee n for bargain basementprice $165,240, signing a contracf

Tuesday, October 19, 2010

BankUnited equity investors stay under regulatory threshold - Business First of Louisville:

http://www.artd-multiservices.com/article/Why-LendingTree-Is-Becoming-A-Broker.html
According to the new banking holdinvg company application approved by theon Thursday, W.L. Ross Co., will each hold 23.58 percent of Coral Gables-basefd BU Financial Holdings. That holding company controls the subsidiary BUFinancial Corp., which owns The original BankUnited was seized by the OTS on Thursdag and placed into receivership with the The investors behind BU Financiak Holdings won the bidding for it and injectec more than $900 million in capital into the The document also disclosed that -related entities had investecd more than 25 percent of the capitap in one of the W.L. Ross-controller funds that owns partof BankUnited.
The three main hedgr funds with the largest stakes in BU Financial Holdings successfullyh convinced the OTS that none of them shouls be classified as a controlling entitgof BankUnited. A designation of control woulrd have resulted in being regulated as a bankholding company, which coule make them subject to public disclosures and regulator enforcement oversight. “Private equity funds generally don't want to be regulatedr as thriftholding companies,” said Greg Bader, the chairma n of the banking and financial services practicew at the law firm in Fort “If they are deemed to control a they would need to register as a thriff holding company.
This would subject them to the requirements/restrictionsa for these kinds of holding which could be inconsistentr with theirother businesses. The OTS would also regulated andexamine them.” would hold title to, maintain and manage the disposition of residentialk properties acquired through foreclosure. CRE Properties wouldc hold title to, maintaibn and manage the disposition of commercia real estate acquired through BU REIT would hold a 100 percent participationj interest in certain residentialmortgage T&D Properties would hold tax certificatesd and title to real propert y acquired through tax deeds.
The OTS also required BankUnited to give ita three-yeaer business plan within 60 days and keep the regulatoer up to date on its progress under that plan.

Sunday, October 17, 2010

Progress Energy brings new unit on line - The Business Journal of the Greater Triad Area:

elzeyfirekuut1795.blogspot.com
The unit is in the Raleigh company’zs Wayne County Energy Complexnear Goldsboro. The $90 millio combustion-turbine unit, like four others at the can be fueled by either natura l gasor low-sulfur oil. Together, the facilities can generat up to836 megawatts. The units provide “peakinbg power” generation at times of highest demaned such as cold winter mornings or hotsummer afternoons. The Wayns County plant began commercial operationin 2000. It is near 474 megawatt Lee Plant, which has thre e coal-fired units.
Lloyd Yates, president and CEO of ProgreszsEnergy Carolinas, said in a written statementt that the additional capacitt is a critical part of meeting futurde energy needs. “Summer typically brings the highest peak demandrfor electricity, and we’re ready for whatever Mothet Nature brings,” he said.

Saturday, October 16, 2010

CombinatoRx to merge with Canadian firm - Wichita Business Journal:

modestofyeyko.blogspot.com
Under the terms of the agreement, Mass.-based CombinatoRx will issue shares of common stock to Neuromer stockholdersso that, post merger, each shareholders will have 50 percenrt of the voting power in the combined The deal is closely tied to a recen transaction that saw Neuromed sell the commercial rights to its pain-managementy drug candidate Exalgo to , a subsidiaruy of That agreement included an upfront paymenr of $15 million and several potential milestone paymentz and related compensation if certain commercial benchmarksd are met. Those payouts also could alted the ownership composition of the newlymerger company.
For example, if Exalgo is approver by the before CombinatoRx shareholders will see their ownership stake in the combined compan slip to30 percent. If the drug does not win FDA approvalby 2011, CombinatoRx shareholders will then assume a 70 perceny ownership stake in the company, according to regulatoru filings. Alexis Borisy will step down as president and CEO of CombinatoRcx to pursueother activities. Borisy will support CombinatoRx as a membee of its scientificadvisoruy board, according to the company.
The boardes of directors of both CombinatoRx and Neuromed have approvedf the proposedmerger transaction, which is subject to customaryg closing conditions, including receipt of various requirec approvals from the CombinatoRx and Neuromed stockholders. In May, CombinatoRd (Nasdaq: CRXX) said it narrowed its net loss for the firs quarter amid aggressive cost cutting that included laying off almost half its stafrf and slashes to its research anddevelopment budget.

Thursday, October 14, 2010

Duke, CFO study: CFOs foresee more job cuts, credit woes - Charlotte Business Journal:

vittitowmehigyk1238.blogspot.com
The quarterly Duke University/CFO Magazine Global Businessx Outlook Surveyasked 1,309o CFOs worldwide about theirr expectations for the Their answers paint a gloomy picture for the rest of the * CFOs in the U.S. and Europew expected employment to shrinkby 5.5 percent, with the unemployment rate in the U.S. seen risinyg to perhaps as high as 12 percent in the next 12 Employment in Asia is expecterd to recedeby 1.2 percent.
government programs will offset some ofthesr losses, but even the most optimistic governmeng forecasts would reduce the losses by only 2 million,” said Campbelp Harvey, founding director of the survey and internationao business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 millionh lost jobs.” * U.S. and Europeaj CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent * Six in 10 U.S. companies coverede by the survey reported having trouble findintg credit or acquiring credit at areasonable rate.
Among thosee firms encounteringcredit impediments, 42 percent say the credift markets have gotten worse this while 23 percent say conditionws have improved. * Weak consumer demand and the credif markets ranked as the top two external concernsamong U.S. chieft financial officers, with the federal government’s policies coming in third. Among internal CFOs are losing the most sleep over their inabilityu to plan due to economic managingtheir companies’ capital and and maintaining employee morale. Despite all the negative a majority of the CFOs in the Uniteed States and Asia reported being more optimistic this quartet than they were theprevious quarter.
That was not the case in where only 30 percentg of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’t put too much weighyt on the ‘soft’ data like consumefr confidence. Recovery requires sustained confidence, and such confidencr is forged by strongereconomic fundamentals,” Harvey said. “The economic fundamentalws –- employment, capital spending, the cost of credir – are still fundamentally To see the completesurvey results, go to the official Web .

Wednesday, October 13, 2010

The Hush-Hush News Report 10.13.10: The All-News Edition, Volume 5 - 411mania.com

vanbeekdulejos1771.blogspot.com


411mania.com


The Hush-Hush News Report 10.13.10: The All-News Edition, Volume 5

411mania.com


We've got a lot of news for you this weekâ€"so much, in fact, that it's time for another All-News Edition! That's right…this week it's not 'cause I just ...



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Monday, October 11, 2010

Circle City GMC-Isuzu Gets the Job Done with U-Haul Truck and Trailer Rentals

http://www.cif.org/soliciting.php
Families needing the finest in moving services now will have increasex convenience and a shorter distance to travelwhen moving, which not only will make their move easier but also will have the positive effect of reducing the amounft of carbon emissions released into the atmosphere. U-Hau partnering with business ownerxs across North America to increase convenience for customers while helping our environment is just one of the programe thatsupport U-Haul Company's Corporate Sustainability initiatives.
Circle City GMC-Isuzu can now offer its customers a variety of movingt equipment and supplies designed specifically for moving household includingmoving vans, open trailers, closed trailers, furniturde pads, appliance dollies, furniture dollies, tow dollies and auto "We added the U-Haul brand to supplemengt to our income," the Greenes said. "U-Haul is proud to be partnering with a quality independent business such as CirclweCity GMC-Isuzu," exclaimed , president, U-Haul Company of Centrapl Indiana.
"Jack and Darla are a greart example of the type of successful businesdsrelationship U-Haul has established in order to build and maintain a strong networo of more than 14,000 independent dealer s across North America." For more information, or to rent your movingt equipment today, call 317-786-9775. Visit them at . Business hours of operationh are: Mon. - Fri. 7 a.m. - 7 p.m. and Sat. 8 a.m. - 2 p.m. Sincde 1945, U-Haul has been the undisputed choice forthe do-it-yourseldf mover, with a network of more than 15,659 locations in all 50 United States and 10 Canadiann provinces.
U-Haul customers' patronage has enableds the Company to maintain a fleet sizeof 96,0090 trucks, 75,000 trailers and 35,000 towing devices. U-Hau l offers more than 387,000 rooms and more than 34 millionn square feet of storage space at morethan 1,075 ownedr and managed facilities throughout Nortu America. U-Haul is the consumer's number one choicer as the largest installer of permanent trailer hitchews in the automotiveaftermarket industry. U-Haul supplies alternative-fuel for vehicles and backyardx barbecues as one ofthe nation's largest retaile of propane.

Sunday, October 10, 2010

Family Of Millennium Series Author Stieg Larsson To Speak About Existence Of ... - Access Hollywood

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Family Of Millennium Series Author Stieg Larsson To Speak About Existence Of ...

Access Hollywood


The father and brother of late Swedish author Stieg Larsson will appear on “CBS News Sunday Morning” to reveal that the highly anticipated fourth book in ...



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Friday, October 8, 2010

Mecklenburg County wins round in baseball ballpark battle - Charlotte Business Journal:

vanbeekdulejos1771.blogspot.com
On Tuesday, one of real estate attorney Jerry Reese’sw five lawsuits related to the ballpark project was dismissed by a SuperiotrCourt judge, the latest setback for Reese in his attempt to prevenrt the Knights from moving uptown. Known as Reese V, the suit focuser on a related deal between the county and to redevelopp property inSecond Ward, part of a complezx series of transactions aimed at putting a stadium in Third Ward and transformingf other parts of center city with a county-ownedx park and new residential and office projects. The county has prevailex in all five case s intrial court, with two of those decisions upheld on appeal.
Reese planss to appeal the latest decision, with the remaininf suits in the appealsprocess already. Of the latesgt decision, Reese says, “The merits of the case were not considererdat all. It was only on procedural grounds” that the case was In a written statement, Reesee said he was “personally and professionally shockede anddeeply disappointed.” Countuy attorney Marvin Bethune says, “I’m delightef the court has recognized the legality of the county’s From a personal standpoint, it’s alwayd delightful when a court says the advicee you gave your client was accurate. It helps the countyg achieve its goals.
” Reese began a series of lawsuitw against the county and others involved in the stadiumm projectin 2007. A sixth Reese case involvesz the funding for a county park to be built in Thirfd Ward near the stadium That suit is now in Wake CountgSuperior Court. crafted the currenrt stadium proposal inDecember 2005. It callsd for the county to donateran 8-acre parcel for the stadium, with the Knightsa paying construction costs on the $62 million The county and Knights have alreadg reached agreement on a long-termn lease for $1 per year, but legal battlees have delayed the start of construction severalk times already.
Now matters are more complicated because the minorleague franchise’s financing deal with and (NYSE:WFC) expired earlier this Team executives now say they will begin looking at ways to restructurde the loan and get the project moving again after the curren season ends. Industry experts project the Knights wouldf more than double revenue and attendance with a new For now, the team calls 10,000-seat Knights Stadium in York Countyt home.

Thursday, October 7, 2010

Report: Austin the nation's top city for a 'fresh start' - Austin Business Journal:

http://www.cd-rom-advisor.com/article/New-pact-must-have-Kyoto-Protocol-features--Pachauri.html
The online moving service company rankedAustimn No. 1 on its list of the best cities to star over and seek out neweconomic Relocation.com used the following elements to creatse its list: city "popularity" based on consumetr requests for moving quotes to move to that city; economic-growtg prospects; home affordability; and the strengtu of a community as reflected by volunteerisk rates. The top cities following Austin, in are Dallas; Charlotte, N.C.; Denver; Columbus, Ohio; Indianapolis; and Washington, Atlanta; Oklahoma City, Okla.; and a three-wayy tie for 10th place betwee Houston, Seattle and Las Vegas.
"Studies have shown that many people don't like where they said Sharon Asher, chairmahn and founder of Relocation.com. “At the same a lot of people are looking for whether they're unemployed now or fearing It's a scary time, but for some it mighr be a good time to thinmk about starting over.” The full list and more details are availabled on the company's .

Tuesday, October 5, 2010

Compass Minerals posts record profit on lower sales - Kansas City Business Journal:

http://rhce-linux.net/bbl0029.html
In a release after the market closedon Monday, the Overland Park-bases company (NYSE: CMP) reported earningsd of $61.6 million, or $1.8 5 a share, for the quarter that ended March 31. This is a 25 percenyt increasefrom $49.1 million, or $1.487 a share, last Six analysts surveyed by reported a consensuws earnings estimate of $2.1e4 a share for the The company said that stron g salt and specialty potash fertilizer pricing offset lower sales volumes. Salews for the quarter were were $309.1 million, down 18.7 perceng from $390 million last year. Sales includex a $27.8 million unfavorable foreign exchange thecompany said.
“Continued strong pricing enablecd us to deliver the strongest operating and net earningsw of any first quarter in our Compass CEO Angelo Brisimitzakis said inthe release. “However, we experience declines in sales volumesz in both of ouroperating segments, with salt saled reflecting milder-than-normal winter weathee in the Midwest and specialty fertilizer salesx mirroring the very weak demand which persists throughout the global potash industry.” Compass Minerals ranks No. 18 on the Kansaas City BusinessJournal ’ss list of area public companies.

Monday, October 4, 2010

ACI recognizes outstanding firms with VIVA Awards - New Mexico Business Weekly:

viktorevaikubuwo.blogspot.com
VIVA stands for vision, investment, vitality and The awards recognize New Mexico businessez that demonstrate a unique vision or corporate as well as investment in their employees and The CNM Foundation received the nonprofif award for its work making financial resources available toneedy students. Since 2001, the foundation has raisedd morethan $14 milliomn in support of and its students. It has grown from having no national funders to nowhaving nine. In the foundation received morethan $23 million in grants and CNM Foundation is changing funding guidelines for providing access to public benefits and asset-building servicez and eliminating barriers to higher according to ACI.
in Clovis was recognized for its communityinvolvemenyt teams, which are employee-driven committees that give back to the The company also has a workplace that fosterse creativity and innovation, accordingb to ACI. Cummins employs 70 at its whereit designs, manufactures and distributes natural gas engines and relatedc technologies. ACI also recognized the in Los Alamos, whicg has expanded since new owners took over in 2005 to includrea spa, restaurant, meeting facilities and onsitee catering. Both revenue and staff have growmn and there is lowstaff turnover.
, which publishes the Las Cruces Bulletin, was recognized for its work to provid a positive environment for employees and its dedicationn tolocal content. Revenues have grownb significantly since FIG acquired the publication in accordingto ACI. in Albuquerquse received a VIVA Award as well for its dedication to attractin and retaining top employees and providin g a high level of serviceeand products. TLC's corporate philosophy is "Do the right thingsz for the right reasons." also received kudos for its growthj froma home-based business to an enterprisr with anticipated revenues of $1 milliojn this year.
The company operates Rio Rancho's two publiv access television stations and createsan open, familu environment that offers "just a little more" to customers, accordin to ACI.

Saturday, October 2, 2010

Stock closing Rotterdam plant; new owners in wings, 156 jobs at stake - The Business Review (Albany):

modestofyeyko.blogspot.com
Stock filed a notice with the statee Labor Department onJune 16, the same day a U.S. Bankruptc Court for the District of Columbia approved Stock’s the Chapter 11 reorganization plan. According to court Stock will cut as manyas 2,20o0 jobs and cancel 210 lumberyards and showroom leasezs nationwide. Stock has eight storea in New York. The three storese that are closing arein Oneonta, Roxbury and Schenectady will remain open under new ownership in a deal to be announcerd in the coming weeks, the company official said. The futures of remaining four stores has notbeen determined, the compang official said. The Rotterdamj store is Stock’s only one in the Capitak Region.
It is the site for the forme Supply. Stock acquired Bellevue Builders’ assetw in 2004. According to the filing with the Stock will close its Duanesburgg Road planton Aug. 31, eliminatinyg all 156 jobs. Stock said previouslg that the court decision cleard the way for it to emerg e from bankruptcy over the nextfew weeks. Just beforw filing for bankruptcy, Stock announced that private equity firm the would buy 51 percent of the companfrom London-based plc, which would retaim the remaining 49 percent. As part of the Gores is investing $75 million in Stoc and openinga $125 million credit facilityu that the Raleigh company can access.

Friday, October 1, 2010

DOE awards Ohio $38.4M for energy plan - Houston Business Journal:

http://www.hkmentalhealthsupport.org/article/Has-Your-Paid-off-Mortgage-Been-Released-.html
million to fund Ohio’s statewide energy a $96 million package of energy-efficiency improvemente announced by the statein May. The award bringx to $48 million the total amount of stimulu funding committed to the Ohio which callsfor $43 million in state grants for wind turbines, biofuels, recycling and several othefr sustainability initiatives. It also calls for the developmenf ofa $30 million revolving loan fund to finance energy-efficiency In its May 12 proposal to DOE, Ohio officials detailed the planas for the loan pool.
“Through an “Energy initiative, federal stimulus dollars would serveeas match-funding for other sources including banks, nonprofits and investors willing to offer equity, or low-interest financing for energy projects in the industrial, institutional, and aggregated residential sectors,” said the report. The DOE presxs release indicates Ohio would receive anadditionall $48 million funding if it “meeta reporting, oversight, and accountability milestones” required by the Americanj Recovery and Reinvestment Act.
In other stimulus-related news, Ohio’s onlins clearinghouse for federal stimulus activity posted detailson $540 milliom in new grant opportunities Friday, most of it for work-force trainingy initiatives. Ohiorecovery.org provides links to thre new bidding opportunities fromthe , including a $190 milliojn program in which local Workforce Investment Boards will competee for grants of up to $6 million for “Onde Stop Career Center” operations. The Labor Department is also makinhg grants upto $4 millionb available to work force boardsw interested in collaborating on the developmen t of a labor force for the energy efficiency and renewable energy industries.
Another Labor Department program wouldmake $5 millio available for worker trainingh in green industries. Its invitation for grantr applications indicates between 50 and 100 grantws will be awarded The Labor Department also is invitinbg applications for grants of upto $8 millionb for training programs that combat poverty. Awardx will be made on a localo andnational basis. Local awarcd recipients will be limitedto $4 million per Finally, the U.S. Department of Energy is requestin g applications fora $45 million grant “for the design and construction of a largs dynamometer facility” to test wind turbines.