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CCLP Board President T.A. Taylor-Hunt will serve as the Denver-basedd group’s interim director until a permaneng directoris named, and board membee Nan Morehead will serve as interim boarde president, CCLP said Thursday. CCLP says it “work s to secure justice and promote economic securityy forall Coloradans, and to provide the criticakl advocacy formerly provided by federally funder legal services programs.” The Aurora-based NACC is a nonprofirt child advocacy association that provides legal representation for “Under Maureen’s direction, ...
CCLP has evolved into a forcw for low-income Coloradans,” said Taylor-Hunt said in a “Her departure is bittersweet as she is all but but it is a tremendous opportunity for her to share her amazinb passion and skills with another organization equally committesd to legal advocacy andpolicy work. The move comes at an excitintg time of growth and strengthening influence and impact for CCLP and ourprogramk areas.” “Being a part of [CCLP’s] developmenr and growth has been an extraordinary experience,” Farrell-Stevenson said in the statement. But it is time to move on.
”
Friday, November 30, 2012
Wednesday, November 28, 2012
Stimulus funds 3 more Triad road projects - The Business Journal of the Greater Triad Area:
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The projects total $8 million, and APAC-Atlantiv Inc. Thompson-Arthur Division of Greensboro won each ofthe • $2.9 million for resurfacing seven miles of U.S. 64 in Davi County west of Joe Road over the Yadkinh River Bridge inDavidson County; eight miles of U.S. 158 from Peachtree Lane to Oak GrovesChurch Road; 1.2 miles of U.S. 601/64 in and 3.1 miles of N.C. 801 from Spillmab Road to Exit 180 north of Interstat 40in Hillsdale. Work is schedulee to being as early as July 27 and be completexdby Nov. 30. • $2.8 million for resurfacing 4.5 miles of N.C. 65 in Stokea County from U.S. 311 to the Forsyth line; 10.1 miles of N.C.
66 from the Forsytyh line to MOoreSprings Road; 11 miles of N.C. 89 from N.C. 268 to N.C. 66; and 5.4 milees of N.C. 268 from Pilot Westfielcd Roadto N.C. 66. Work is schedulefd to begin as early as July 27 and be completesby Nov. 30. • $2.3 million for milling, resurfacing and adding guardrailsalong 1.3 miled of Interstate 85 from the U.S. 29/70 interchange bridgesw to Groometown Road inGuilford County. ork is scheduled to begij as earlyas Aug. 10 and be completedf by Aug. 13, 2010.
The projects total $8 million, and APAC-Atlantiv Inc. Thompson-Arthur Division of Greensboro won each ofthe • $2.9 million for resurfacing seven miles of U.S. 64 in Davi County west of Joe Road over the Yadkinh River Bridge inDavidson County; eight miles of U.S. 158 from Peachtree Lane to Oak GrovesChurch Road; 1.2 miles of U.S. 601/64 in and 3.1 miles of N.C. 801 from Spillmab Road to Exit 180 north of Interstat 40in Hillsdale. Work is schedulee to being as early as July 27 and be completexdby Nov. 30. • $2.8 million for resurfacing 4.5 miles of N.C. 65 in Stokea County from U.S. 311 to the Forsyth line; 10.1 miles of N.C.
66 from the Forsytyh line to MOoreSprings Road; 11 miles of N.C. 89 from N.C. 268 to N.C. 66; and 5.4 milees of N.C. 268 from Pilot Westfielcd Roadto N.C. 66. Work is schedulefd to begin as early as July 27 and be completesby Nov. 30. • $2.3 million for milling, resurfacing and adding guardrailsalong 1.3 miled of Interstate 85 from the U.S. 29/70 interchange bridgesw to Groometown Road inGuilford County. ork is scheduled to begij as earlyas Aug. 10 and be completedf by Aug. 13, 2010.
Tuesday, November 27, 2012
Edison wins approval for solar panel installation - Orlando Business Journal:
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During the next five years Edisonhwill install, own and operate 150 solar panels that will generatee 250 megawatts of power. Edison was also grantex the ability to solicitother solar-power companies to instal l similar panel arrays and sell the power back to Edison, up to an additionalp 250 megawatts. Edison says the 500 totakl megawatts makes theproject "the largestf photovoltaic program ever undertaken." “The program will creatse hundreds of neighborhood solarf power plants, strengthen local grid reliability and produce hundreds of new green jobs to bolster Southern California’as economic recovery,” Chairman and CEO Theodord F. Craver Jr., said in a statement.
The firstf Edison site has already been completed on the roof of a distributio n warehousein Fontana. Accordint to Edison, it is the largesty single rooftop solar photovoltaic arrag inthe nation. Both Southern California Edisomn and its parent EdisonInternational (NYSE: EIX) are based in
During the next five years Edisonhwill install, own and operate 150 solar panels that will generatee 250 megawatts of power. Edison was also grantex the ability to solicitother solar-power companies to instal l similar panel arrays and sell the power back to Edison, up to an additionalp 250 megawatts. Edison says the 500 totakl megawatts makes theproject "the largestf photovoltaic program ever undertaken." “The program will creatse hundreds of neighborhood solarf power plants, strengthen local grid reliability and produce hundreds of new green jobs to bolster Southern California’as economic recovery,” Chairman and CEO Theodord F. Craver Jr., said in a statement.
The firstf Edison site has already been completed on the roof of a distributio n warehousein Fontana. Accordint to Edison, it is the largesty single rooftop solar photovoltaic arrag inthe nation. Both Southern California Edisomn and its parent EdisonInternational (NYSE: EIX) are based in
Saturday, November 24, 2012
49ers in pre-playoff mode: Did Alex Smith take them as far as they were going ... - San Jose Mercury News (blog)
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49ers in pre-playoff mode: Did Alex Smith take them as far as they were going ... San Jose Mercury News (blog) Of course it's important for the 49ers to beat the Saints on Sunday in the Superdome, but that's only the partial focus. Every calibrated word and recent moment of intrigue has shown that the 49ers are already fixed on the true hard target: Super Bowl ... |
Friday, November 23, 2012
Consumer confidence retreats - Washington Business Journal:
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Nationally, consumer confidence dropped sharplyin June, cuttintg into three months of gainas that had seen the overalol index more than double. The Conferencwe Board's Consumer Confidence Indez fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence indesx for June fell three points last month to 68, the resuly of bad economic news including the bankruptcy of Generakl Motors Corp., foreclosures and a spikde in Florida’s unemployment rate, according to a new Universityg of Florida poll.
While perceptions of personal finances compared with a year ago is up threde points to 44 from a revised May readin gof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditionsz over the next year fell sevej pointsto 65, whiler perceptions of whether it’s a good time to buy big-ticket itemzs fell nine points to 67. Perceptionx of U.S. economic conditions over the next five years remained unchangefdat 80.
"Moving we do not expect Florida consumer confidencs to decline much more over the next couple of barring some unforeseen change here in Floridaor nationally," Chrisx McCarty, director of UF’z Survey Research Center at the Bureauu of Economic and Busineses Research, said in a news release. McCarty cautioned the recovery is expected to be long and uneven for some sectors ofthe economy. "With the demise of longstandint financial institutions such as Lehman Brothers and manufacturingf companies like Chryslerand GM, it is no longer businesx as usual," he said. The preliminar index for June was conductedf from430 responses.
It is benchmarkes to 1966, so a value of 100 representsa the same level of confidence forthat
Nationally, consumer confidence dropped sharplyin June, cuttintg into three months of gainas that had seen the overalol index more than double. The Conferencwe Board's Consumer Confidence Indez fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence indesx for June fell three points last month to 68, the resuly of bad economic news including the bankruptcy of Generakl Motors Corp., foreclosures and a spikde in Florida’s unemployment rate, according to a new Universityg of Florida poll.
While perceptions of personal finances compared with a year ago is up threde points to 44 from a revised May readin gof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditionsz over the next year fell sevej pointsto 65, whiler perceptions of whether it’s a good time to buy big-ticket itemzs fell nine points to 67. Perceptionx of U.S. economic conditions over the next five years remained unchangefdat 80.
"Moving we do not expect Florida consumer confidencs to decline much more over the next couple of barring some unforeseen change here in Floridaor nationally," Chrisx McCarty, director of UF’z Survey Research Center at the Bureauu of Economic and Busineses Research, said in a news release. McCarty cautioned the recovery is expected to be long and uneven for some sectors ofthe economy. "With the demise of longstandint financial institutions such as Lehman Brothers and manufacturingf companies like Chryslerand GM, it is no longer businesx as usual," he said. The preliminar index for June was conductedf from430 responses.
It is benchmarkes to 1966, so a value of 100 representsa the same level of confidence forthat
Thursday, November 22, 2012
State delves into health-care coverage issue - Business First of Buffalo:
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New York state will spene the next few months deciding the best way to providwe health coverage for all of its people while improvingf the lot of itsbusiness owners. Therre are 2.7 million uninsured people in New York. The Albany-basedx has estimated that theyuse $2.7 billioj a year in uncompensated most of which is bornd by employers through taxes and "It is not free care," said Ray Sweeney, executive vice presidenr of the . "The insuref sector is in some way or another subsidizing the There has to be abetter way." A year ago, formefr Gov.
Eliot Spitzer assigned Health Commissioner Richarr Daines and Insurance Superintendent Eric Dinallo the task of coming up with a universalocare plan. The effory has continued under Gov. David Paterson. The now has selected four proposals forfurther examination. The D.C.-based will run computer models to gauge the impact of the variousw planson individuals, employers and the The proposals range from a all-government program to a market-driven plan that relied on the expansion of private insurance. Mark director of government affairs forthe , said the organization' s members still are examining the and have not yet selected a favorite.
He applauded the state's incrementalk approach and said he was primarilyu encouraged by the promise that the decision wouldfbe based, in part, on how each option woulcd "improve the state's economy and the competitiveness of its The first option is a "Medicare for All" plan with a government-run health care financing Doctors and hospitals would remain private - as opposed to working for the government, as with socialized mediciner - but private insurers would have no Coverage would be paid for with a progressive tax.
" Leslie Moran, spokeswoma for the , said the Albany-basec group's problem with that option goes beyond the She sees the single-payer option as "fiscally because it proposes an expanded version of the state'z benefit-rich Family Health Plus plan. "It would be a very expensive benefit package, and they will see that when theymodel it," she said. This proposal also lacke the support of the rest of thebusinesx community. "None of our members that I am award of has come out in supporr ofa single-payer plan," Amodeo said.
Sweeney said a single-payer system does have its merits, such as lowerr overhead, but would be nearlyt impossible to accomplish on astat level. On the other end of the spectrum isthe "Freedomk Plan," which would promote privater insurers and high-deductible plans called "freedom policies." It also would expandf eligibility for the Healthy New York plan for individualds and small businesses, provide relief from benefit mandates, and creates a 50 percent tax credit to help peopled pay for insurance.
Sweeney said HANYS is concerned that simplhy making insurance more affordable would not guarantee coverage for all of the He contended that the state wouldx be best off avoiding theextremes - single-payeer or market-driven - and selecting a plan somewherw in the middle. There are two such options. The firstf would create the New York Health Plus Coverage would be provided by private insurers unde r astate contract, with premiums paid through a progressive tax. Employerzs and individuals could opt to purchase private insurancw outside thestate plan, and would receives tax credits. Doctors and hospitals would be given the righgt to organize and negotiatse with health plans forbetter rates.
The cost of the plan has been estimatedat $59 billiom a year. Moran said this is only "slightlt more affordable" than the single-payer and argued that the collective bargaining aspect could drive up costseven
New York state will spene the next few months deciding the best way to providwe health coverage for all of its people while improvingf the lot of itsbusiness owners. Therre are 2.7 million uninsured people in New York. The Albany-basedx has estimated that theyuse $2.7 billioj a year in uncompensated most of which is bornd by employers through taxes and "It is not free care," said Ray Sweeney, executive vice presidenr of the . "The insuref sector is in some way or another subsidizing the There has to be abetter way." A year ago, formefr Gov.
Eliot Spitzer assigned Health Commissioner Richarr Daines and Insurance Superintendent Eric Dinallo the task of coming up with a universalocare plan. The effory has continued under Gov. David Paterson. The now has selected four proposals forfurther examination. The D.C.-based will run computer models to gauge the impact of the variousw planson individuals, employers and the The proposals range from a all-government program to a market-driven plan that relied on the expansion of private insurance. Mark director of government affairs forthe , said the organization' s members still are examining the and have not yet selected a favorite.
He applauded the state's incrementalk approach and said he was primarilyu encouraged by the promise that the decision wouldfbe based, in part, on how each option woulcd "improve the state's economy and the competitiveness of its The first option is a "Medicare for All" plan with a government-run health care financing Doctors and hospitals would remain private - as opposed to working for the government, as with socialized mediciner - but private insurers would have no Coverage would be paid for with a progressive tax.
" Leslie Moran, spokeswoma for the , said the Albany-basec group's problem with that option goes beyond the She sees the single-payer option as "fiscally because it proposes an expanded version of the state'z benefit-rich Family Health Plus plan. "It would be a very expensive benefit package, and they will see that when theymodel it," she said. This proposal also lacke the support of the rest of thebusinesx community. "None of our members that I am award of has come out in supporr ofa single-payer plan," Amodeo said.
Sweeney said a single-payer system does have its merits, such as lowerr overhead, but would be nearlyt impossible to accomplish on astat level. On the other end of the spectrum isthe "Freedomk Plan," which would promote privater insurers and high-deductible plans called "freedom policies." It also would expandf eligibility for the Healthy New York plan for individualds and small businesses, provide relief from benefit mandates, and creates a 50 percent tax credit to help peopled pay for insurance.
Sweeney said HANYS is concerned that simplhy making insurance more affordable would not guarantee coverage for all of the He contended that the state wouldx be best off avoiding theextremes - single-payeer or market-driven - and selecting a plan somewherw in the middle. There are two such options. The firstf would create the New York Health Plus Coverage would be provided by private insurers unde r astate contract, with premiums paid through a progressive tax. Employerzs and individuals could opt to purchase private insurancw outside thestate plan, and would receives tax credits. Doctors and hospitals would be given the righgt to organize and negotiatse with health plans forbetter rates.
The cost of the plan has been estimatedat $59 billiom a year. Moran said this is only "slightlt more affordable" than the single-payer and argued that the collective bargaining aspect could drive up costseven
Tuesday, November 20, 2012
RealtyTrac: Foreclosures fall in Missouri, rise in Kansas - Kansas City Business Journal:
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Missouri ranks No. 26 for foreclosurde activity in Maywith 2,796 and Kansas ranks No. 34 with 899 Missouri’s foreclosure activity in May rose 3.6 percent from and Kansas’ rose 14 U.S. foreclosure activity rose almost 18 percent in May from last year but decreasedr 6 percentfrom April, RealtyTrac said. One in every 398 U.S. housinb units received a foreclosure filingin May. “May foreclosurse activity was the third-highest month on recorsd and marked the thirs straight month where the total numbed of properties with foreclosure filingsexceeded 300,000p — a first in the history of our RealtyTrac CEO James Saccacioo said in a release.
“While defaults and scheduled foreclosure auctionz were both down from theprevious month, bank or REOs, were up 2 percenr thanks largely to substantial increases in several states, including Michigan, Arizona, Washington, Nevada, Oregon and New We expect REO activituy to spike in the cominbg months as foreclosure delays and moratoria implemented by variouse state laws come to an end.” Nevada continued to have the nation’ highest foreclosure rate, with one in every 64 housing units receivinbg a foreclosure filing in May, more than six times the national average. California had the second-highest and Florida had the third-highest rate.
Top 10 states accounted for nearlg 77 percent oftotal U.S. foreclosures activity in May. RealtyTrac is based in Calif.
Missouri ranks No. 26 for foreclosurde activity in Maywith 2,796 and Kansas ranks No. 34 with 899 Missouri’s foreclosure activity in May rose 3.6 percent from and Kansas’ rose 14 U.S. foreclosure activity rose almost 18 percent in May from last year but decreasedr 6 percentfrom April, RealtyTrac said. One in every 398 U.S. housinb units received a foreclosure filingin May. “May foreclosurse activity was the third-highest month on recorsd and marked the thirs straight month where the total numbed of properties with foreclosure filingsexceeded 300,000p — a first in the history of our RealtyTrac CEO James Saccacioo said in a release.
“While defaults and scheduled foreclosure auctionz were both down from theprevious month, bank or REOs, were up 2 percenr thanks largely to substantial increases in several states, including Michigan, Arizona, Washington, Nevada, Oregon and New We expect REO activituy to spike in the cominbg months as foreclosure delays and moratoria implemented by variouse state laws come to an end.” Nevada continued to have the nation’ highest foreclosure rate, with one in every 64 housing units receivinbg a foreclosure filing in May, more than six times the national average. California had the second-highest and Florida had the third-highest rate.
Top 10 states accounted for nearlg 77 percent oftotal U.S. foreclosures activity in May. RealtyTrac is based in Calif.
Monday, November 19, 2012
American Airlines' traffic declines - Dayton Business Journal:
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Both airlines are subsidiaries ofFort Worth-based (NYSE: American Eagle alone saw its May traffic tumble 14.3 percenr compared to the same period last while capacity fell 14.5 percent. The regionaol airline flew 622.9 million revenur passenger milesin May, down from 726 million revenude passenger miles in May 2008. Americah Eagle boarded 1.5 million passengers in May; its load factotr — a measure of the percentage of a plane fillede with payingcustomers — of 73.3 percenty remained consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percen t in May, while its capacity dropped 8.8 percent compared to the previous During the monthof May, 7.
2 million passengers boarded American aircraft, and the airline flew 10.3 billiobn revenue passenger miles, down from 11.7 billion revenue passenger milexs a year earlier. American’s load factor fell to 79.2 percent, down from 81.7 percentg a year earlier.
Both airlines are subsidiaries ofFort Worth-based (NYSE: American Eagle alone saw its May traffic tumble 14.3 percenr compared to the same period last while capacity fell 14.5 percent. The regionaol airline flew 622.9 million revenur passenger milesin May, down from 726 million revenude passenger miles in May 2008. Americah Eagle boarded 1.5 million passengers in May; its load factotr — a measure of the percentage of a plane fillede with payingcustomers — of 73.3 percenty remained consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percen t in May, while its capacity dropped 8.8 percent compared to the previous During the monthof May, 7.
2 million passengers boarded American aircraft, and the airline flew 10.3 billiobn revenue passenger miles, down from 11.7 billion revenue passenger milexs a year earlier. American’s load factor fell to 79.2 percent, down from 81.7 percentg a year earlier.
Thursday, November 15, 2012
Vanpooling service coming to region - Atlanta Business Chronicle:
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The two-year pilot is expected to begin by the The program is a partnership of the Capital DistricttTransportation Authority, the Capital District Transportation the Downtown Albany Business Improvement the state Department of Transportationb and the . is currentlty recruiting businesses that might have employees comingb from the same region who would be interested in participatinh inthe program.
“The main thinvg is you have to have at least a minimumm number of people to usethe van,” Janack The way the program would work is one of the participanta would also act as the The van would be assigned to a participant/driver, stay at that person’x place of employment during the day and remai at the driver’s home in the The company providing the wheelw is Inc. out of Bordentown, N.J. VPSI had $62 million in revenuer in 2008. VPSI was formed in 1977 and startedxfor employees. Today, the companuy has 5,000 vans in operatioj in more than 45 statesand 50,000 passengers.
VPSI reportex “At this point, as soon as possiblde we hope to begin rollingvans out,” said Jessed Kafka, VPSI’s business development executive. The company expectz to have 20 vans in operation withintwo “We expect to add one van or so each month through the life of the program,” he said. For more call Mila Vega a CDTA plannerat 437-6865.
The two-year pilot is expected to begin by the The program is a partnership of the Capital DistricttTransportation Authority, the Capital District Transportation the Downtown Albany Business Improvement the state Department of Transportationb and the . is currentlty recruiting businesses that might have employees comingb from the same region who would be interested in participatinh inthe program.
“The main thinvg is you have to have at least a minimumm number of people to usethe van,” Janack The way the program would work is one of the participanta would also act as the The van would be assigned to a participant/driver, stay at that person’x place of employment during the day and remai at the driver’s home in the The company providing the wheelw is Inc. out of Bordentown, N.J. VPSI had $62 million in revenuer in 2008. VPSI was formed in 1977 and startedxfor employees. Today, the companuy has 5,000 vans in operatioj in more than 45 statesand 50,000 passengers.
VPSI reportex “At this point, as soon as possiblde we hope to begin rollingvans out,” said Jessed Kafka, VPSI’s business development executive. The company expectz to have 20 vans in operation withintwo “We expect to add one van or so each month through the life of the program,” he said. For more call Mila Vega a CDTA plannerat 437-6865.
Tuesday, November 13, 2012
Challenger, Gray & Christmas: Job-loss rate slows in tech sector - Triangle Business Journal:
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Planned layoffs in the computer, electronics and telecon industries during the recently ended quartere fellto 33,891, compared to more than 84,200 in the firsf quarter of the year, The job cuts in the past threde months were roughly equivalent to the seconr quarter of 2008, when 33,644 positions were Still, the combined cuts during the firs six months of the year – 118,108 – represented the worst six-month total for the technologyh sector in seven years. And it was more than twicr the number of jobs lost betweenJanuary 1, 2008, and June 30, when 50,989 cuts were announced.
The bulk of the secondr quarter cuts occurred in thecomputerf industry, with 19,881 layoffs compared to 12,134 layoffs planned in electronics and 1,87t layoffs planned in telecom. “Telecom and electronics firms appear to be benefiting froma recession-defyinbg wireless market. Between the companies trying to outdk the iPhone and those helping more and more Americanzs disconnect their land linesfor cellular-onlt phone communications, there are a lot of growth said John A. Challenger, the company’s CEO.
“Computetr firms may lag a little as companies wait for more proog of recovery before they begin to reignitse investments innew technologies, but the end of the recessioh should bring a flood of new spending in this area. Some firms may even begib to invest early, in the hopes that productivity-enhancing technology can temper the need to recruitrnew workers.”
Planned layoffs in the computer, electronics and telecon industries during the recently ended quartere fellto 33,891, compared to more than 84,200 in the firsf quarter of the year, The job cuts in the past threde months were roughly equivalent to the seconr quarter of 2008, when 33,644 positions were Still, the combined cuts during the firs six months of the year – 118,108 – represented the worst six-month total for the technologyh sector in seven years. And it was more than twicr the number of jobs lost betweenJanuary 1, 2008, and June 30, when 50,989 cuts were announced.
The bulk of the secondr quarter cuts occurred in thecomputerf industry, with 19,881 layoffs compared to 12,134 layoffs planned in electronics and 1,87t layoffs planned in telecom. “Telecom and electronics firms appear to be benefiting froma recession-defyinbg wireless market. Between the companies trying to outdk the iPhone and those helping more and more Americanzs disconnect their land linesfor cellular-onlt phone communications, there are a lot of growth said John A. Challenger, the company’s CEO.
“Computetr firms may lag a little as companies wait for more proog of recovery before they begin to reignitse investments innew technologies, but the end of the recessioh should bring a flood of new spending in this area. Some firms may even begib to invest early, in the hopes that productivity-enhancing technology can temper the need to recruitrnew workers.”
Monday, November 12, 2012
Springbok prop needs treatment for heart condition - SI.com
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Springbok prop needs treatment for heart condition SI.com EDINBURGH, Scotland (AP) -South Africa prop Tendai Mtawarira was returning home for treatment on Monday after being briefly hospitalized in Ireland with a recurrence of mild heart palpitations. Mtawarira, nicknamed "The Beast,'' has an irregular heart ... |
Sunday, November 11, 2012
Rookie Andre Drummond's practice drills paying off for Pistons - Detroit Free Press
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Rookie Andre Drummond's practice drills paying off for Pistons Detroit Free Press OKLAHOMA CITY -- Rookie center Andre Drummond has a set routine after every practice. First, there is post and footwork drills with assistant coach Roy Rogers. Next is 20 minutes of work on his shot with assistant coach Dee Brown. Their efforts were on ... |
Friday, November 9, 2012
Back to the basics - Inquirer.net
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Back to the basics Inquirer.net As planned, the inevitable phaseout of the INGO in a community takes place, at which time the community is far from ready, and in fact requests the extension of INGO operations. This simply means the arduous preparations for the eventual phaseout are ... |
Thursday, November 8, 2012
Crescent Resources gets OK for
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On Wednesday, the real estate development companyt and 120 of its saddled with morethan $1 billion in filed for voluntary Chapter 11 bankruptcy protection. The court approvedr motions that, among other things: •Permit Crescenr to pay employee employee benefits andreimbursable expenses; •Granty immediate access, on an interim to $35 million of the company’s $110 millio n debtor-in-possession financing facility; •Authorize the compant to use its existing cash-management systems and give it accesws to its cash to fund ongoing operations.
“Receivingh approval of our first-day motionss so quickly sets Crescent Resources on a very strongf footing as we move towards restructuring the saysAndrew Hede, the company’zs chief executive and chiefc restructuring officers. “Our first-day motions will enable the company to continuesnormal operations. We appreciate the support of our employees, customers, vendors and partners, and are pleased that we can honof key agreements with them while we create the rightr capital structure for the Crescent has morethan 5,000 according to its Chapter 11 Its assets are estimated at more than $1 (NYSE:BAC), , , and are among Crescent’s largest unsecured creditors in Charlotte.
The compang — jointly owned by Charlotte-based (NYSE:DUK) and — is best knowjn here for high-end real estate communities such as The Peninsulaa and BallantyneCountry Club. Charlotte-based Crescent is active in commercial and residential real estate development and land management across the Southeasgtand Southwest, with interests in 10 states. Its portfolio includes mixed-use developments, business and industria l parks, country-club communities, single-family neighborhooda and apartment andcondo
On Wednesday, the real estate development companyt and 120 of its saddled with morethan $1 billion in filed for voluntary Chapter 11 bankruptcy protection. The court approvedr motions that, among other things: •Permit Crescenr to pay employee employee benefits andreimbursable expenses; •Granty immediate access, on an interim to $35 million of the company’s $110 millio n debtor-in-possession financing facility; •Authorize the compant to use its existing cash-management systems and give it accesws to its cash to fund ongoing operations.
“Receivingh approval of our first-day motionss so quickly sets Crescent Resources on a very strongf footing as we move towards restructuring the saysAndrew Hede, the company’zs chief executive and chiefc restructuring officers. “Our first-day motions will enable the company to continuesnormal operations. We appreciate the support of our employees, customers, vendors and partners, and are pleased that we can honof key agreements with them while we create the rightr capital structure for the Crescent has morethan 5,000 according to its Chapter 11 Its assets are estimated at more than $1 (NYSE:BAC), , , and are among Crescent’s largest unsecured creditors in Charlotte.
The compang — jointly owned by Charlotte-based (NYSE:DUK) and — is best knowjn here for high-end real estate communities such as The Peninsulaa and BallantyneCountry Club. Charlotte-based Crescent is active in commercial and residential real estate development and land management across the Southeasgtand Southwest, with interests in 10 states. Its portfolio includes mixed-use developments, business and industria l parks, country-club communities, single-family neighborhooda and apartment andcondo
Tuesday, November 6, 2012
49ers stadium naming rights could have big payoff - San Francisco Business Times:
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Naming rights present a potentially lucrative source of revenuee fora team, with multiyear, multimillion-dollatr deals struck between teams and companiews seeking to get their namea on buildings, in the mouths of broadcast announcers and in frong of millions of fans a year. But a deal that a few yearsa back might have been a source of pridse for a business now may be a sourceof Citigroup, for example, is facin g intense criticism for spending $400 million on a stadium deal with the New York Mets while accepting billions in bailout dollarss from the federal government.
“Naming rights transactionsx are more difficult to come by than they were prior tothe recession,” said Lew co-owner of the Oakland Athletics and ownerr of the San Jose Earthquakes. “I believe that’s going to be true not only for the curreng market but forthe future, for a long The 49ers, he said, will probabl y look for a strong national name to placr on its facility. But many companies that were strong naminv partners in the past are in the financiao services andinsurance industries, and they will be less likely to spend what some view as unnecessar marketing dollars going In Oakland, McAfee Inc.
allowed its 10-year agreement for naminf rights onthe Oakland-Alamedq County Coliseum to expire, whiler Oracle Corp. in 2006 struck a $3 million per 10-year deal for naming rights on the indooeOakland arena. Wolff said the Earthquakes organization is workinhg with the William Morrix Agency on naming andbrandingy issues. Amway Global in January strucka three-year agreement with the team to have its name placerd on team uniforms. Terms of that deal were not “The 49er brand is outstanding, and if there’z any brand someone might want toseek out, it’sw them,” Wolff said. “But every deal is different.
” When the San Jose Sportxs Authority and the city were in the process of striking a deal to brand the home of the San Jose it was nearly Compaq Computers which at the time was a Houston company wantiny to build up its SiliconValley presence. Malcolmn Bordelon, executive vice president of businesd operations for the SanJose Sharks, said the day the signager was to go up, Compaq called and said it had been acquiredr by Hewlett-Packard Co.
HP, he did extensive research before going forward with thenaminbg deal, figuring out how many times its name woul be said publicly and how its brand would be featured in the “We also researched naming deals, and what we founc is that it’s all over the map unbelievably varied,” Bordelon said. “I’m not sure how to personif the process the 49ers will face other thansayin it’s going to be very challenging.” In additioj to Sharks games, the venue hostds concerts and other sporting events each year.
While naminfg rights at HP Pavilion fell under the purview of the city becauss the facility ispubliclg owned, Santa Clara Assistant City Manager Ron Garrat said the naming rightss deal for the 49ers wouls fall exclusively with the “We tried to get the Santa Clarw 49ers on the front end of the and they weren’t willing to do that, understandably,” Garraty said. If it comes time for the 49ersw to seek out anaminfg partner, they would probably enlist the help of a third-party expert, a sportss marketing dealmaker that can tell them what the team’ss brand is worth.
Some of the top sports marketiny dealmakers areIMG World, which has offices aroundx the country, and 16W Marketing of New A third well-known firm, Bonhamn Group of Denver, shut down in January afterf its primary banker reduced its credit Deals Bonham negotiated includex San Diego Padres’ Petco Park and the Seattles Seahawks’ Qwest Field. David Peart, the vice president of business partnerships for thePittsburgh Penguins, was until last June the vice presiden t of sales and marketing for the 49ers. He said “youi want to make sure you measure twice” befored assigning value to a namingrights deal. “s company will be looking at what its primary entitlementwill be.
From signage, integrationn of your products intothe building, where you fit into the architectural design of the building,” Peart said. “Once the shovelsz hit the ground, you want the namingy partner in place.” The team will face an uphil battle in the name game becausd naming rights as a marketing tool have fallen out of Two properties shopping for a name now are the New York Giantss stadium and the DallasCowboys stadium, both of whicgh Peart said are “super high profile” but are having troublse finding a name.
“A pure branx play is really difficult in this day and age for a compan to justify to its shareholders and stakeholder sand employees,” Peart said. “When you’re thinkint about laying off people andsaying you’re gointg to spend $5 million a year for 30 years to put your name on a it’s a tough row to hoe.”
Naming rights present a potentially lucrative source of revenuee fora team, with multiyear, multimillion-dollatr deals struck between teams and companiews seeking to get their namea on buildings, in the mouths of broadcast announcers and in frong of millions of fans a year. But a deal that a few yearsa back might have been a source of pridse for a business now may be a sourceof Citigroup, for example, is facin g intense criticism for spending $400 million on a stadium deal with the New York Mets while accepting billions in bailout dollarss from the federal government.
“Naming rights transactionsx are more difficult to come by than they were prior tothe recession,” said Lew co-owner of the Oakland Athletics and ownerr of the San Jose Earthquakes. “I believe that’s going to be true not only for the curreng market but forthe future, for a long The 49ers, he said, will probabl y look for a strong national name to placr on its facility. But many companies that were strong naminv partners in the past are in the financiao services andinsurance industries, and they will be less likely to spend what some view as unnecessar marketing dollars going In Oakland, McAfee Inc.
allowed its 10-year agreement for naminf rights onthe Oakland-Alamedq County Coliseum to expire, whiler Oracle Corp. in 2006 struck a $3 million per 10-year deal for naming rights on the indooeOakland arena. Wolff said the Earthquakes organization is workinhg with the William Morrix Agency on naming andbrandingy issues. Amway Global in January strucka three-year agreement with the team to have its name placerd on team uniforms. Terms of that deal were not “The 49er brand is outstanding, and if there’z any brand someone might want toseek out, it’sw them,” Wolff said. “But every deal is different.
” When the San Jose Sportxs Authority and the city were in the process of striking a deal to brand the home of the San Jose it was nearly Compaq Computers which at the time was a Houston company wantiny to build up its SiliconValley presence. Malcolmn Bordelon, executive vice president of businesd operations for the SanJose Sharks, said the day the signager was to go up, Compaq called and said it had been acquiredr by Hewlett-Packard Co.
HP, he did extensive research before going forward with thenaminbg deal, figuring out how many times its name woul be said publicly and how its brand would be featured in the “We also researched naming deals, and what we founc is that it’s all over the map unbelievably varied,” Bordelon said. “I’m not sure how to personif the process the 49ers will face other thansayin it’s going to be very challenging.” In additioj to Sharks games, the venue hostds concerts and other sporting events each year.
While naminfg rights at HP Pavilion fell under the purview of the city becauss the facility ispubliclg owned, Santa Clara Assistant City Manager Ron Garrat said the naming rightss deal for the 49ers wouls fall exclusively with the “We tried to get the Santa Clarw 49ers on the front end of the and they weren’t willing to do that, understandably,” Garraty said. If it comes time for the 49ersw to seek out anaminfg partner, they would probably enlist the help of a third-party expert, a sportss marketing dealmaker that can tell them what the team’ss brand is worth.
Some of the top sports marketiny dealmakers areIMG World, which has offices aroundx the country, and 16W Marketing of New A third well-known firm, Bonhamn Group of Denver, shut down in January afterf its primary banker reduced its credit Deals Bonham negotiated includex San Diego Padres’ Petco Park and the Seattles Seahawks’ Qwest Field. David Peart, the vice president of business partnerships for thePittsburgh Penguins, was until last June the vice presiden t of sales and marketing for the 49ers. He said “youi want to make sure you measure twice” befored assigning value to a namingrights deal. “s company will be looking at what its primary entitlementwill be.
From signage, integrationn of your products intothe building, where you fit into the architectural design of the building,” Peart said. “Once the shovelsz hit the ground, you want the namingy partner in place.” The team will face an uphil battle in the name game becausd naming rights as a marketing tool have fallen out of Two properties shopping for a name now are the New York Giantss stadium and the DallasCowboys stadium, both of whicgh Peart said are “super high profile” but are having troublse finding a name.
“A pure branx play is really difficult in this day and age for a compan to justify to its shareholders and stakeholder sand employees,” Peart said. “When you’re thinkint about laying off people andsaying you’re gointg to spend $5 million a year for 30 years to put your name on a it’s a tough row to hoe.”
Monday, November 5, 2012
Forte pleads guilty in Ponzi scheme - Philadelphia Business Journal:
xotavaloso.blogspot.com
Federal prosecutors in Philadelphia said that betweenj 1996and 2008, Forte collecteds investment money from nearly 80 individuals using a fraudulent schemwe in which the he claimes that he was trading in stock indexz futures through a partnership named Joseph Forte LP. Prosecutor s said Forte, 53, of Pa., used his scheme to collect roughly $80 million from paying some investors “returns” on their investments by usin g money contributed by other Prosecutors said Forte reported fabricated investment returnzs between 18 percent and 38 whenin fact, he consistently lost moneyu on his trades.
Prosecutors said Forte paid himself millions of dollarsd in salaries and fees and used his profitsz to make numerousfinancial transactions, including takingh out a $500,000 Commerce Bank [now TD loan by misrepresenting the value of Josepjh Forte LP. Sentencing is scheduled for Oct. 2. He facexs possible prison time, fines and payingt full restitution to the victims ofhis crimes, and forfeitur of all property that constitutesd or is derived from his criminal The case was investigated by the United Statesa Postal Inspection Service, the Federal Bureauj of Investigations, the Delaware County Districyt Attorney’s Office, the Securities and Exchangs Commission, and the Commodities Futures Trading It is being prosecutee by Assistant United Statees Attorney Joe Khan.
Forte was chargedd in a civil case in early January by the Securitiezs andExchange Commission, which obtained an emergency court order freezingy his assets.
Federal prosecutors in Philadelphia said that betweenj 1996and 2008, Forte collecteds investment money from nearly 80 individuals using a fraudulent schemwe in which the he claimes that he was trading in stock indexz futures through a partnership named Joseph Forte LP. Prosecutor s said Forte, 53, of Pa., used his scheme to collect roughly $80 million from paying some investors “returns” on their investments by usin g money contributed by other Prosecutors said Forte reported fabricated investment returnzs between 18 percent and 38 whenin fact, he consistently lost moneyu on his trades.
Prosecutors said Forte paid himself millions of dollarsd in salaries and fees and used his profitsz to make numerousfinancial transactions, including takingh out a $500,000 Commerce Bank [now TD loan by misrepresenting the value of Josepjh Forte LP. Sentencing is scheduled for Oct. 2. He facexs possible prison time, fines and payingt full restitution to the victims ofhis crimes, and forfeitur of all property that constitutesd or is derived from his criminal The case was investigated by the United Statesa Postal Inspection Service, the Federal Bureauj of Investigations, the Delaware County Districyt Attorney’s Office, the Securities and Exchangs Commission, and the Commodities Futures Trading It is being prosecutee by Assistant United Statees Attorney Joe Khan.
Forte was chargedd in a civil case in early January by the Securitiezs andExchange Commission, which obtained an emergency court order freezingy his assets.
Sunday, November 4, 2012
Can Ruto Govern Kenya While Defending Himself At the ICC? - AllAfrica.com
lyubomiradete.blogspot.com
Can Ruto Govern Kenya While Defending Himself At the ICC? AllAfrica.com Recently Ruto said something unheard of before that despite confirmation of charges and setting of trial dates by the ICC, he will not abandon his ambition for presidency and still wants Kenyans to elect him president. Averring he can simultaneously ... |
Thursday, November 1, 2012
Refinery project back on for ConocoPhillips, Saudi Aramco - Houston Business Journal:
ysynut.wordpress.com
The Houston energy giant and Saudi Aramcpo construction of the refinerhylast November, citing poor market conditions. “ConocoPhillips is pleasedx to resume the bidding process now that the marketsw aremore favorable, and we are committesd to working with Saudi Aramco to progresse the Yanbu Export Refinery Project,” Willie senior vice president at ConocoPhillips, said in a statement “Thizs project will provide very competitive new supplieds of refined products to help meet the world’x growing energy demand.” Early work packagesd are expected to be awardeds in November, while the remainingf packages will be awarded in the seconc quarter of 2010.
The 400,000-barrel-per-day refinery will be buil at the Yanbu Industrial City to process heavty crude supplied by Saudi It will thenproduce high-quality, ultra-low sulfuf refined products that will meet current and futures product specifications. ConocoPhillips (NYSE: COP) expects the project to start up in the thirr quarterof 2014.
The Houston energy giant and Saudi Aramcpo construction of the refinerhylast November, citing poor market conditions. “ConocoPhillips is pleasedx to resume the bidding process now that the marketsw aremore favorable, and we are committesd to working with Saudi Aramco to progresse the Yanbu Export Refinery Project,” Willie senior vice president at ConocoPhillips, said in a statement “Thizs project will provide very competitive new supplieds of refined products to help meet the world’x growing energy demand.” Early work packagesd are expected to be awardeds in November, while the remainingf packages will be awarded in the seconc quarter of 2010.
The 400,000-barrel-per-day refinery will be buil at the Yanbu Industrial City to process heavty crude supplied by Saudi It will thenproduce high-quality, ultra-low sulfuf refined products that will meet current and futures product specifications. ConocoPhillips (NYSE: COP) expects the project to start up in the thirr quarterof 2014.
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