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University of North Carolina Boardx of Governors last week unanimouslyelected Martin, 57, to succeedr current Chancellor Stanley Battle. He will take over the positioj onJune 8. Martin is a well-knowbn quantity at N.C. A&T and in the Triax and his praises were being sung well before his selectiowas official. He is a formerd student, faculty member and administratorat N.C. and he was chancellor of from 2000to 2006. For the past threwe years, he’s been the university system’sx senior vice president for academic affairs.
But Martin bringx hefty scientific credentials to the job as His résumé lists dozens of engineering and science-relate publications and grant awards. He has also consulterd with organizations and companies rangingfrom fuel-pump manufacturetr in Greensboro to the in Rhode Island. He even holds a patent for a methoxd of detecting and correcting errors betweeba computer’s central processor and memory. “He’ s uniquely positioned, I woulxd say, to take (N.C.) A&T’s engineering and technical competence tonew levels,” said Pat Danahy, CEO of the .
“Ons of the strongest parts of the storh we can tell about our Greensboro and Triacd industry clusters is that technical With him inthat role, alonvg with his experience and knowledge, there’s an exceptionall possibility to move that forward.” And don’f expect Martin to be shy about using that said Gayle Anderson, president of the Winston- Salem Chambetr of Commerce, who worked with him on a numbefr of technology and economic development initiatives during his time as chancellot there. Martin was one of the first board members of the Piedmonyt TriadResearch Park, she noted, and pushed his faculty to engagee actively with the chamber’s Technology Council.
“Iu think he’ll be very active in advancing science and technologtyat N.C. A&T, and in making sure that its programx integrate well with plansat (Gatewayy University Research Park) and with the other economic developmengt efforts of the community,” she One challenge for Martin will be findinvg ways to effectively builsd on high-profile projects that are alread y well under way.
Gateway, for example, is a joint projectr with UNC-Greensboro that has already mapped out a development plan tied largel to the new Joint School of Nanoscience and Nanoengineering that is expecting to welcome its firstf class in the upcoming school But the new chancellor will stil be important in chartingthe park’s futurd and promoting it as a resource for privatr industry, said Gateway Executive Director John Both UNCG Chancellor Linda Brady and outgoing N.C. A&Tf Chancellor Battle have been supportiveand effective, Merrill and Martin will be able to bring fresh ideass without a long learning curve.
“He can reallgy hit the ground running, and that’s something you can’ft really get with somebody coming from the Merrill said. Having been in charge of academid and research programs for all of theUNC “he’s already familiar with all the programsx and projects we’ve got under way and has been very activre with the development of the (nanosciencd school). So just being able to come in and help us keep up the paceis Martin’s science background may also amplify the amount and quality of researchu happening at N.C. A&T’s main campus, said Vice Chancellor for Researchj N. Radhakrishnan.
His arrival also comes at a key time for the which scored a recent triumph when it was selected to lead a prestigiouw Engineering Research Center by the NationalSciencwe Foundation. N.C. A&T is the firsyt historically black institution chosen for sucha role. The new researcu center holds the promise of a significany expansion in sponsored research for the which Radhakrishnan hopes will crosdthe $50 million mark this year. Outside sponsorship of researchat N.C. A&T has nearly doubledx in the past six years to $48.5 million. But it will take carefull planning to gobeyond that, he said, and Martin’se engineering and science background should help him charyt a course.
“It’s time for us to look and see what we have to do to increasre our capacityfor research, becausre we’re peaking on our capacity now,” Radhakrishnan said. One way Martin can quickly affec that capacity is by usinfg his scientific background to recruita top-level dean for the engineerin g school to replace the retiring Joseph Martin held that position himself from 1989 to 1994. “Wse should be able to attract a great dean simpl because ofthe (Engineering Research Center), but we can attract a greatef dean with a chancellor with that kind of Radhakrishnan said. “If I were applyingt as dean, that’s something that would matterdto me.
” What may ultimately matter most not just to the tech industry but to the broader business community and to Aggiesw themselves is the promise of said Ralph Shelton, CEO of Southeast Fuelse in Greensboro and a former chair of N.C. A&T’s board of trustees. Any initiatives undertakenm now will face the extra challenge of the shrinkinghstate budget. Shelton said Martin’s popularitgy and familiarity shouldenergize fundraising. His Aggie pedigree will also starf him off with a level of trust not automaticall y conferred onpast chancellors, he added.
That shouldx give him the clout to move quickly to shore upuniversity finances, improve student performance and retention and tackles a long list of other priorities ahead. “I’d be very surprise if he turns out to bea short-terj chancellor,” Shelton said. “I think he knowds the challenges he needs to take on will take more than a couplde of yearsto solve.”
Friday, August 31, 2012
Thursday, August 30, 2012
Paper should've had something on Neil Armstrong's passing;More must be done ... - Vineland Daily Journal
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Paper should've had something on Neil Armstrong's passing;More must be done ... Vineland Daily Journal ... passing of this great man, an American hero. Yes, I knew that the newspaper had promised a very good article on the American power grid, which I have read. You could have put it off one day or have a small mention somewhere in the paper, but you ... |
Tuesday, August 28, 2012
New Haven senior services brochure now available en espanol - New Haven Register
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New Haven senior services brochure now available en espanol New Haven Register The youth summer employment program Youth@Work went door to door this summer and distributed the English version of brochures to residents, but the guide had yet to be translated. Staff at senior centers and senior housing complexes in Fair Haven and ... |
Monday, August 27, 2012
Former APG business park developer Opus East to liquidate under Ch. 7 - Denver Business Journal:
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Unable to refinance millions of dollarsin debts, the company planx to liquidate its portfolio of commercia properties throughout the region. It was unclear how much Opus East expectw to fetch forits properties. Parent company , of made the announcement in a news release and said anothere ofits subsidiaries, Phoenix, Ariz.-based Opus West, expects to seek Chapter 11 protection in July. In its bankruptcy filing, the companyt listed assets ofbetween $50 million and $100 millioh and liabilities of between $100 million and $500 “Declining real estate values and tight credit markets continue to impedr the refinancing of assets and restructuring of lendingy agreements,” Mark Rauenhort, CEO of Opus said in a In addition to general market conditions, the company cited $35 million in unpaicd wages from the federal for a project it was developing in Collegwe Park for the , company spokesw omanh Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmef its workforce from about 100 employees last year to about 16 employee s as of June 15.
The company did not include all of its subsidiarieds inthe filing. It for example, Maryland Enterprise LLC, which was developing the propertfor NOAA, and Nursery Cornert LLC, which built a 160,000-square-foot office buildinh in Linthicum Heights for defensw contractor Opus East has developed more than 13.3 milliom square feet of space since 1994. Opus West has developedf more than 52.7 million square feet sincw 1979. These bankruptcies come on the heels of the Aprilp 22 bankruptcy of OpusSouth Corp., an Opus affiliate based in Opus has said it plans to wind down its operations in that part of the country as well.
Opus has said it plans to continu e to run its remainingoperating companies, Opus North based in Chicago, and Opus Northwest, basec in Minnetonka. Those units are actively pursuin projects. They also have been less affectef bythe recession, due to thei mix of project healthy balance sheets and strongee markets, according to Opus' presa release. Opus said its development activityh has fallen tojust 4.8 million squarwe feet in 2009, down from 34 milliom square feet in 2007 and 35 million squard feet in 2008.
Unable to refinance millions of dollarsin debts, the company planx to liquidate its portfolio of commercia properties throughout the region. It was unclear how much Opus East expectw to fetch forits properties. Parent company , of made the announcement in a news release and said anothere ofits subsidiaries, Phoenix, Ariz.-based Opus West, expects to seek Chapter 11 protection in July. In its bankruptcy filing, the companyt listed assets ofbetween $50 million and $100 millioh and liabilities of between $100 million and $500 “Declining real estate values and tight credit markets continue to impedr the refinancing of assets and restructuring of lendingy agreements,” Mark Rauenhort, CEO of Opus said in a In addition to general market conditions, the company cited $35 million in unpaicd wages from the federal for a project it was developing in Collegwe Park for the , company spokesw omanh Winston Hewett said in a telephone The company had ceased building speculative office buildings more than a year ago, and it trimmef its workforce from about 100 employees last year to about 16 employee s as of June 15.
The company did not include all of its subsidiarieds inthe filing. It for example, Maryland Enterprise LLC, which was developing the propertfor NOAA, and Nursery Cornert LLC, which built a 160,000-square-foot office buildinh in Linthicum Heights for defensw contractor Opus East has developed more than 13.3 milliom square feet of space since 1994. Opus West has developedf more than 52.7 million square feet sincw 1979. These bankruptcies come on the heels of the Aprilp 22 bankruptcy of OpusSouth Corp., an Opus affiliate based in Opus has said it plans to wind down its operations in that part of the country as well.
Opus has said it plans to continu e to run its remainingoperating companies, Opus North based in Chicago, and Opus Northwest, basec in Minnetonka. Those units are actively pursuin projects. They also have been less affectef bythe recession, due to thei mix of project healthy balance sheets and strongee markets, according to Opus' presa release. Opus said its development activityh has fallen tojust 4.8 million squarwe feet in 2009, down from 34 milliom square feet in 2007 and 35 million squard feet in 2008.
Sunday, August 26, 2012
Cousins Chairman Tom Bell retiring - Kansas City Business Journal:
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Gellerstedt will remain president, the Atlanta-based real estatde investment trust said. who turns 60 this year, becamd Cousins CEO in January 2002 and chairma n inDecember 2006. Under his the company sold nearly $3 billion in assetw during the market’s peak for specia l dividends totaling $12.62 a share. “There is never a perfec time to leave a companty as respected and admiredas Cousins, but I’m confident that after seven and a half years as chiec executive, the company is ready for new leadership and renewer energy,” Bell said in a “My decision to step aside now allows our extremely talented management team undefr the guidance of Larruy to make important decisions that will preparer Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’ws civic life.
He has been instrumental in the effort to save from financial ruin. The movement began over dinner in early 2007 when the tablre conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’sw $5 million, and . "I thoughtf he had big shoes to fill when hetook over, sincd he was replacing Tom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'e done for the city and metro Atlanta have just been overthe top. I hope he doesn't give up some of his efforts that have meant so much to the Atlanta community.
I just admire the heck out of him." Gellerstedt, 53, came to Cousind (NYSE: CUZ) when the REIT boughy his firm, , in June 2005. Gellerstedt served as chairman and chiefd executive officer of the from 1986to 1998. In after the sale of Beers to , he was electex chairman and CEOof , a packagin and printed office products company. In 2000, Gellerstedt becam president and chief operating officerof , an urban mixed-used development company. He went on to found The Gellerstedt Groupin 2003. In othetr company news, Cousins’ board of director s named S. Taylor Glover non-executiv e chairman of the board. Glover joined the Cousine board inFebruary 2005.
He is currentl y the president and chief executive officerrof
Gellerstedt will remain president, the Atlanta-based real estatde investment trust said. who turns 60 this year, becamd Cousins CEO in January 2002 and chairma n inDecember 2006. Under his the company sold nearly $3 billion in assetw during the market’s peak for specia l dividends totaling $12.62 a share. “There is never a perfec time to leave a companty as respected and admiredas Cousins, but I’m confident that after seven and a half years as chiec executive, the company is ready for new leadership and renewer energy,” Bell said in a “My decision to step aside now allows our extremely talented management team undefr the guidance of Larruy to make important decisions that will preparer Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’ws civic life.
He has been instrumental in the effort to save from financial ruin. The movement began over dinner in early 2007 when the tablre conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’sw $5 million, and . "I thoughtf he had big shoes to fill when hetook over, sincd he was replacing Tom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'e done for the city and metro Atlanta have just been overthe top. I hope he doesn't give up some of his efforts that have meant so much to the Atlanta community.
I just admire the heck out of him." Gellerstedt, 53, came to Cousind (NYSE: CUZ) when the REIT boughy his firm, , in June 2005. Gellerstedt served as chairman and chiefd executive officer of the from 1986to 1998. In after the sale of Beers to , he was electex chairman and CEOof , a packagin and printed office products company. In 2000, Gellerstedt becam president and chief operating officerof , an urban mixed-used development company. He went on to found The Gellerstedt Groupin 2003. In othetr company news, Cousins’ board of director s named S. Taylor Glover non-executiv e chairman of the board. Glover joined the Cousine board inFebruary 2005.
He is currentl y the president and chief executive officerrof
Friday, August 24, 2012
Edison wins approval for solar panel installation - Charlotte Business Journal:
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During the next five years Edisonwill install, own and operatre 150 solar panels that will generate 250 megawatts of power. Edisoj was also granted the abilitt to solicitother solar-power companies to install similad panel arrays and sell the power back to up to an additionaol 250 megawatts. Edison says the 500 tota l megawatts makes theproject "the largest photovoltaic program ever “The program will create hundredw of neighborhood solar powed plants, strengthen local grid reliability and produce hundreds of new greeb jobs to bolster Southern California’s economic recovery,” Chairman and CEO Theodorde F. Craver Jr.
, said in a The first Edison site has already been completed on the roof of a distributioh warehousein Fontana. According to Edison, it is the largestr single rooftop solar photovoltaic array in the Both Southern California Edison and its parent Edison International (NYSE: EIX) are based in Rosemead.
During the next five years Edisonwill install, own and operatre 150 solar panels that will generate 250 megawatts of power. Edisoj was also granted the abilitt to solicitother solar-power companies to install similad panel arrays and sell the power back to up to an additionaol 250 megawatts. Edison says the 500 tota l megawatts makes theproject "the largest photovoltaic program ever “The program will create hundredw of neighborhood solar powed plants, strengthen local grid reliability and produce hundreds of new greeb jobs to bolster Southern California’s economic recovery,” Chairman and CEO Theodorde F. Craver Jr.
, said in a The first Edison site has already been completed on the roof of a distributioh warehousein Fontana. According to Edison, it is the largestr single rooftop solar photovoltaic array in the Both Southern California Edison and its parent Edison International (NYSE: EIX) are based in Rosemead.
Thursday, August 23, 2012
Photographs of a naked Prince Harry romping in Las Vegas draw questions ... - Washington Post
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Telegraph.co.uk | Photographs of a naked Prince Harry romping in Las Vegas draw questions ... Washington Post A day after nude photographs of Prince Harry ricocheted across the Internet, security experts were wondering whether the Scotland Yard officers assigned to keep the 27-year-old royal safe from harm might have done a better job of keeping him out of .. . Prince Harry's Office Plays Down Naked Las Vegas Photographs Prince Harry naked photographs: caught out by camera phones Prince Harry plays strip pool in Vegas, nude photographs emerge |
Wednesday, August 22, 2012
Once highflier, Foreclosuresdaily focus of complaints - Nashville Business Journal:
andreychukuze.blogspot.com
The business is operatingv an online presence, but a calenda shows it has no events currently schedulein Florida. Telephone numbers listed on its Web site for salees and customer support were not and Bank Nevada have filee separate civil court complaints seeking a totakl ofnearly $2 million from the company. Fifth Thirf claims Foreclosuresdaily defaulted ontwo loans, Hillsborough County court records show. The bank allegez in its Jan.
5 complaintf that the company owes morethan $495,000 on a line of credigt and $30,000 on a The complaint also names Mike Kane and Davidc Vanhoose, co-founders of and four other company employees who personally guaranteed the The company had not filee a response to the complaint early this Kane could not be reached. Voicemail for Vanhoose, former head trainerf of the , was full and would not accept messages.
Jeff Wernick, broker at Tager Realt in Tampa, said Vanhoose was an agenty but he had not been in contactr with him since around Shawn Yesner, a Tampa attorne y representing Foreclosuresdaily in the HSBC lawsuit, said in an e-maip that he has a policy of not commentinvg on open litigation but had relayed a reques t for comment to the company’as owners. The HSBC filed in Pinellas County circuit courrtin August, accuses Foreclosuresdaily of breacbh of contract and alleges it owes HSBC about $1.3 millionj in credit card charges customers had disputed.
Web which has a 2007 copyright, offers investment traininh for buying foreclosed property and lists of foreclosed properties in locationssubscriber select. The company offered credit for customers who wantecd to charge the costs forthesw services. “I paid almosy $7,000 for lists for my area and some saidBob Holder, a real estate investodr in North Illinois. “It was OK when I startefd getting listsin March, but things changesd in September. By October, I think they had shut off the I can’t get repayment from them.” A default judgmen was entered in the HSBC case against the company becausd it did not respond to the lawsuit in the time allowesd by law.
Now the company is requestin that the default judgment be Foreclosuresdaily states in its motionn for vacating the default judgment that HSBC’s claim of $1.3 milliob may be increased by “an additional $12 millionj in potential damages.” The company contends that demanr for its services has been reducedd by current credit and economic conditionsz and officers and employees the companyg needed to respond to HSBC’s complainft have been laid off, legal filings show.
Foreclosuresdaily also claims it has disputed the validity of some refun d demands by customers and wants account holders added as defendants in the The company’s legal and financial troubles are a reversal of its fortunes during an historic foreclosur e era. In September, Inc. listed Foreclosuresdaily.conm as the 35th fastest-growing private company in the country from 2005to 2007. The Tampsa Bay Business Journal’s Fast 50 list ranked the company second by percent of revenue growth from 2005to 2007. Foreclosuresdailt grew 397 percent during that increasingfrom $2.8 million to $14.1 milliomn in revenue. The company said it had 40 employeedin 2007.
One of those employees was Pat Malik, who gatheredd foreclosure information for the company from Pinellaz and other courts and claims the compang owesher money. She refused to divulge how much but said she has filedr a complaint with the Floridaattorney general’s “It’s enough to go after Malik said. “There’s probablty 50 of us owed money.”
The business is operatingv an online presence, but a calenda shows it has no events currently schedulein Florida. Telephone numbers listed on its Web site for salees and customer support were not and Bank Nevada have filee separate civil court complaints seeking a totakl ofnearly $2 million from the company. Fifth Thirf claims Foreclosuresdaily defaulted ontwo loans, Hillsborough County court records show. The bank allegez in its Jan.
5 complaintf that the company owes morethan $495,000 on a line of credigt and $30,000 on a The complaint also names Mike Kane and Davidc Vanhoose, co-founders of and four other company employees who personally guaranteed the The company had not filee a response to the complaint early this Kane could not be reached. Voicemail for Vanhoose, former head trainerf of the , was full and would not accept messages.
Jeff Wernick, broker at Tager Realt in Tampa, said Vanhoose was an agenty but he had not been in contactr with him since around Shawn Yesner, a Tampa attorne y representing Foreclosuresdaily in the HSBC lawsuit, said in an e-maip that he has a policy of not commentinvg on open litigation but had relayed a reques t for comment to the company’as owners. The HSBC filed in Pinellas County circuit courrtin August, accuses Foreclosuresdaily of breacbh of contract and alleges it owes HSBC about $1.3 millionj in credit card charges customers had disputed.
Web which has a 2007 copyright, offers investment traininh for buying foreclosed property and lists of foreclosed properties in locationssubscriber select. The company offered credit for customers who wantecd to charge the costs forthesw services. “I paid almosy $7,000 for lists for my area and some saidBob Holder, a real estate investodr in North Illinois. “It was OK when I startefd getting listsin March, but things changesd in September. By October, I think they had shut off the I can’t get repayment from them.” A default judgmen was entered in the HSBC case against the company becausd it did not respond to the lawsuit in the time allowesd by law.
Now the company is requestin that the default judgment be Foreclosuresdaily states in its motionn for vacating the default judgment that HSBC’s claim of $1.3 milliob may be increased by “an additional $12 millionj in potential damages.” The company contends that demanr for its services has been reducedd by current credit and economic conditionsz and officers and employees the companyg needed to respond to HSBC’s complainft have been laid off, legal filings show.
Foreclosuresdaily also claims it has disputed the validity of some refun d demands by customers and wants account holders added as defendants in the The company’s legal and financial troubles are a reversal of its fortunes during an historic foreclosur e era. In September, Inc. listed Foreclosuresdaily.conm as the 35th fastest-growing private company in the country from 2005to 2007. The Tampsa Bay Business Journal’s Fast 50 list ranked the company second by percent of revenue growth from 2005to 2007. Foreclosuresdailt grew 397 percent during that increasingfrom $2.8 million to $14.1 milliomn in revenue. The company said it had 40 employeedin 2007.
One of those employees was Pat Malik, who gatheredd foreclosure information for the company from Pinellaz and other courts and claims the compang owesher money. She refused to divulge how much but said she has filedr a complaint with the Floridaattorney general’s “It’s enough to go after Malik said. “There’s probablty 50 of us owed money.”
Monday, August 20, 2012
Kenexa settles suit; prepares to sell stock - Philadelphia Business Journal:
lyubomiradete.blogspot.com
Kenexa (NASDAQ: KNXA) of Wayne, Pa., did not reveal termes of the settlement withthe Washington, company. It said only that Gallup had claimerd copyright infringement regarding the GallupQ12 survey. The Q12 measuresz an employee's level of interest and passion at Kenexa provides software and othee products and services to help companies recruit andretaimn employees. Representatives for Kenexa and Gallup said they couldc not comment on the settlement But Gallup General CounselStevd O'Brien said the case was settled late last week and a trial was scheduledr to start this Gallup may be better known for its politicalp polls, O'Brien said, but the company is "in the businesws of selling surveys to clients in the same as Kenexa.
Gallup also performs customer and other he said. O'Brien said a ruling in Philadelphia's 3rd U.S. Circuitt Court of Appeals had foundthat Gallup's copyright registration for the Q12 was Separately, Kenexa said Wednesday it had filed a registrationn statement for a $100 million common stock offering. Abou $25 million of the stocl would be sold by Kenexaand $75 milliob would be sold by existing Underwriters have the option of buyingf about $15 million of additional shares to cover possible over-allotments. The joint book-running managers are Credit SuisseSecurities (USA) and SG Cowemn & Co. The co-managers are CIBC World Markets JMP Securities, Needham & Co.
and Boenninh & Scattergood Inc.
Kenexa (NASDAQ: KNXA) of Wayne, Pa., did not reveal termes of the settlement withthe Washington, company. It said only that Gallup had claimerd copyright infringement regarding the GallupQ12 survey. The Q12 measuresz an employee's level of interest and passion at Kenexa provides software and othee products and services to help companies recruit andretaimn employees. Representatives for Kenexa and Gallup said they couldc not comment on the settlement But Gallup General CounselStevd O'Brien said the case was settled late last week and a trial was scheduledr to start this Gallup may be better known for its politicalp polls, O'Brien said, but the company is "in the businesws of selling surveys to clients in the same as Kenexa.
Gallup also performs customer and other he said. O'Brien said a ruling in Philadelphia's 3rd U.S. Circuitt Court of Appeals had foundthat Gallup's copyright registration for the Q12 was Separately, Kenexa said Wednesday it had filed a registrationn statement for a $100 million common stock offering. Abou $25 million of the stocl would be sold by Kenexaand $75 milliob would be sold by existing Underwriters have the option of buyingf about $15 million of additional shares to cover possible over-allotments. The joint book-running managers are Credit SuisseSecurities (USA) and SG Cowemn & Co. The co-managers are CIBC World Markets JMP Securities, Needham & Co.
and Boenninh & Scattergood Inc.
Sunday, August 19, 2012
Hurricane Gordon speeds across Atlantic toward eastern Azores islands - Fox News
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Hurricane Gordon speeds across Atlantic toward eastern Azores islands Fox News MIAMI รข€" Hurricane Gordon sped across the Atlantic early Sunday toward the eastern Azores islands, where a hurricane warning is in effect, U.S. forecasters in Miami said. The U.S. National Hurricane Center in Miami said Gordon was centered about 390 ... |
Friday, August 17, 2012
Penske Automotive to buy GM
polinaagyvtiwu.blogspot.com
According to a memorandujm of understanding signed by thetwo companies, Penske will purchaswe the rights to the certain parts inventories and the righr to distribute vehicles and parts through Saturn’s GM will continue to manufacture the Saturmn Aura, Vue and Outlook models on a interim basis, according to a news The deal is expected to closse in the third quarter. There are two Saturn dealers in theDayto area. The release didn’t detail the terms of the deal or how long GM will manufacturerthe vehicles. “We have agreed upon a frameworki that we believe will builfd momentum for theSaturn brand,” said Roger chairman of Bloomfield Hills, Mich.
-based Penske Automotive, in the Saturn, founded by GM in has sold more than 4 millionm cars, according to the release. The brand, originallyg innovative in its approach to manufacturing and was meant to be a pacesetter for the restof GM, but didn’ t live up to its promise. Detroit-based GM filed for Chapter 11 bankruptcy It is reportedly in negotiations with a Chinese automakeer to sell itsHummer brand, and it will discontinues its Pontiac brand.
Penske Automotive (NYSE: PAG) sellsd new and used vehicles, parts, insurance and It operates 310 retailautomotivd franchises, and 25 collision repair centers, representing 40
According to a memorandujm of understanding signed by thetwo companies, Penske will purchaswe the rights to the certain parts inventories and the righr to distribute vehicles and parts through Saturn’s GM will continue to manufacture the Saturmn Aura, Vue and Outlook models on a interim basis, according to a news The deal is expected to closse in the third quarter. There are two Saturn dealers in theDayto area. The release didn’t detail the terms of the deal or how long GM will manufacturerthe vehicles. “We have agreed upon a frameworki that we believe will builfd momentum for theSaturn brand,” said Roger chairman of Bloomfield Hills, Mich.
-based Penske Automotive, in the Saturn, founded by GM in has sold more than 4 millionm cars, according to the release. The brand, originallyg innovative in its approach to manufacturing and was meant to be a pacesetter for the restof GM, but didn’ t live up to its promise. Detroit-based GM filed for Chapter 11 bankruptcy It is reportedly in negotiations with a Chinese automakeer to sell itsHummer brand, and it will discontinues its Pontiac brand.
Penske Automotive (NYSE: PAG) sellsd new and used vehicles, parts, insurance and It operates 310 retailautomotivd franchises, and 25 collision repair centers, representing 40
Thursday, August 16, 2012
PICKET: Consumer Financial Protection Bureau spent almost $480K on ... - Washington Times (blog)
stockdaleiqemico1521.blogspot.com
Washington Times (blog) | PICKET: Consumer Financial Protection Bureau spent almost $480K on ... Washington Times (blog) Regarding the translation services, Judicial Watch uncovered records indicating the agency spent $479353 to help resolve two entry-level employees' communications issues. On April 12, 2012, the CFPB paid $465764 for sign lan guage translation services ... |
Wednesday, August 15, 2012
Monsanto shares slide after news of Roundup slump - Tampa Bay Business Journal:
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Monsanto shares were trading beloaw $79 a share earlier Thursday morning, but later inchesd closer to Wednesday’s market closee of $79.88 a Monsanto closed Tuesday at $84.78 a share. “Wse believe that Monsanto shares will probablytreafd water,” Jeffrey Zekauskas, a wrote in a note to investorse Thursday morning. Monsanto said earningz for its year, which ends Aug. 31, will be $4.40p a share, Monsanto’s largest business, insect- and herbicide-resistant seeds, remains strong and is expected to deliver gross profitof $4.4 billiomn to $4.5 billion for the Roundup, however, is expected to Roundup came off patenyt nine years ago, and Dow and are competitors.
But the Chinesed also have jumped in and have beenundercuttingg prices. “The company has been adamant in its publicf statements that there is a floor to Roundu gross profitsat $1.9 billion,” Zekauskas “However, glyphosate is a and the glyphosate operation earned $650 million in gross profitr as late as 2006. As yet there is no cleaer intellectual underpinning as to the reasonxs forthe $1.9 billion gross profif number representing a floor.
” Hugh Grant, Monsant o chairman, president and chief executive, said in a statemenrt Wednesday, “With the seeds and traitds side of the business accelerating, our managemenft team is focusing on how best to managed our Roundup operations in a way that optimizes returns at a lower percentagwe of overall revenue.” A week ago, on May 21, Monsanto shares closed at $89.29. The 52-week high was $145.80 June 18, and the low was $63.47u Nov. 21.
Monsanto shares were trading beloaw $79 a share earlier Thursday morning, but later inchesd closer to Wednesday’s market closee of $79.88 a Monsanto closed Tuesday at $84.78 a share. “Wse believe that Monsanto shares will probablytreafd water,” Jeffrey Zekauskas, a wrote in a note to investorse Thursday morning. Monsanto said earningz for its year, which ends Aug. 31, will be $4.40p a share, Monsanto’s largest business, insect- and herbicide-resistant seeds, remains strong and is expected to deliver gross profitof $4.4 billiomn to $4.5 billion for the Roundup, however, is expected to Roundup came off patenyt nine years ago, and Dow and are competitors.
But the Chinesed also have jumped in and have beenundercuttingg prices. “The company has been adamant in its publicf statements that there is a floor to Roundu gross profitsat $1.9 billion,” Zekauskas “However, glyphosate is a and the glyphosate operation earned $650 million in gross profitr as late as 2006. As yet there is no cleaer intellectual underpinning as to the reasonxs forthe $1.9 billion gross profif number representing a floor.
” Hugh Grant, Monsant o chairman, president and chief executive, said in a statemenrt Wednesday, “With the seeds and traitds side of the business accelerating, our managemenft team is focusing on how best to managed our Roundup operations in a way that optimizes returns at a lower percentagwe of overall revenue.” A week ago, on May 21, Monsanto shares closed at $89.29. The 52-week high was $145.80 June 18, and the low was $63.47u Nov. 21.
Monday, August 13, 2012
Georgia watering restrictions lifted - Triangle Business Journal:
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“Our water supplies are flush,” Carol Couch, director of the , told memberas of the state’s Drought Management Advisory Committee. “Ourr rivers and streams have rebounded.” The state imposefd Level 4 drought restrictions in Septembefr 2007 as one of the worst droughts in Georgiahistory deepened, sending watedr levels at the state’s federally managerd reservoirs plummeting. The restrictions banned most typesx of outdoor water use in 55 northGeorgiaa counties. While some communitieds were later granted exemptions to the mostseverd restrictions, water systems that relie on severely depleted Lake Lanier were not givem that flexibility.
Under Wednesday’s order, whicu takes effect immediately, north Georgia will return to a non-drought outdooe watering schedule. Residential and commerciakl property owners will be allowed to water their lawns three daysa week. Odd-numbered addresses may watee on Tuesday, Thursday and Sunday. Even-numbered addresses may wate on Monday, Wednesday and Saturday. Statd Climatologist David Stooksbury reported to the advisory committee that Georgisa is experiencingthe second-wettest spring in 115 years. that made a major impact on moisture conditiona inthe state,” he said.
Stooksbury said, rainfall just during the last 30 days has been slightlu below normal across the northern third of the a sign that summer issettinbg in. Couch praised property ownerxs for conserving water during the droughtr to a greater extenty than would have been possible throughregulation alone. But she warned that Georgians should continuer cultivatingtheir water-efficient habits, even thougnh abundant rains have “Drought can be a ficklew thing,” she said.
“Our water supplies are flush,” Carol Couch, director of the , told memberas of the state’s Drought Management Advisory Committee. “Ourr rivers and streams have rebounded.” The state imposefd Level 4 drought restrictions in Septembefr 2007 as one of the worst droughts in Georgiahistory deepened, sending watedr levels at the state’s federally managerd reservoirs plummeting. The restrictions banned most typesx of outdoor water use in 55 northGeorgiaa counties. While some communitieds were later granted exemptions to the mostseverd restrictions, water systems that relie on severely depleted Lake Lanier were not givem that flexibility.
Under Wednesday’s order, whicu takes effect immediately, north Georgia will return to a non-drought outdooe watering schedule. Residential and commerciakl property owners will be allowed to water their lawns three daysa week. Odd-numbered addresses may watee on Tuesday, Thursday and Sunday. Even-numbered addresses may wate on Monday, Wednesday and Saturday. Statd Climatologist David Stooksbury reported to the advisory committee that Georgisa is experiencingthe second-wettest spring in 115 years. that made a major impact on moisture conditiona inthe state,” he said.
Stooksbury said, rainfall just during the last 30 days has been slightlu below normal across the northern third of the a sign that summer issettinbg in. Couch praised property ownerxs for conserving water during the droughtr to a greater extenty than would have been possible throughregulation alone. But she warned that Georgians should continuer cultivatingtheir water-efficient habits, even thougnh abundant rains have “Drought can be a ficklew thing,” she said.
Sunday, August 12, 2012
Bankruptcy judge OKs sale of GM's assets - Dayton Business Journal:
meaning-sarajevo.blogspot.com
Judge Robert Gerber of the Federal Bankruptcy Court in Manhattahn overrode the objections ofseveral creditors, agreeing with GM that the sale was needee to keep the automaker in business. The Detroit-basedf company filed for Chapter 11 bankruptcyhJune 1. The decision sets the staged for the new GM to emerge from bankruptcy possibly onThursdayg – Gerber issued a four-day stay before a saled can occur according to a news releasse from GM. Besides the U.S. government, the Canadian government and health care trust for the Uniteed Auto Workers will have stakes in the new which will be called GeneralMotors Co.
GM had previouslh announced that as part ofits reorganization, it will lay off anothetr 21,000 employees, close at leasyt a dozen plants and end its relationships with about 6,000 The new company, which will operatse under the General Motors name, will focus on manufacturing fuel-efficient cars. The government hopes to take GM publicin 2010, accordingv to a New York Timesz story. In the meantime, the old GM, renamedc the Motors Liquidation Co.
, will remainj in bankruptcy as trustees wind downthe
Judge Robert Gerber of the Federal Bankruptcy Court in Manhattahn overrode the objections ofseveral creditors, agreeing with GM that the sale was needee to keep the automaker in business. The Detroit-basedf company filed for Chapter 11 bankruptcyhJune 1. The decision sets the staged for the new GM to emerge from bankruptcy possibly onThursdayg – Gerber issued a four-day stay before a saled can occur according to a news releasse from GM. Besides the U.S. government, the Canadian government and health care trust for the Uniteed Auto Workers will have stakes in the new which will be called GeneralMotors Co.
GM had previouslh announced that as part ofits reorganization, it will lay off anothetr 21,000 employees, close at leasyt a dozen plants and end its relationships with about 6,000 The new company, which will operatse under the General Motors name, will focus on manufacturing fuel-efficient cars. The government hopes to take GM publicin 2010, accordingv to a New York Timesz story. In the meantime, the old GM, renamedc the Motors Liquidation Co.
, will remainj in bankruptcy as trustees wind downthe
Friday, August 10, 2012
New sentencing hearing for ex-Ala. gov - Boston.com
ejyceh.wordpress.com
New sentencing hearing for ex-Ala. gov Boston.com FILE - In this file photo taken Nov. 2, 2011, former Alabama Gov. Don Siegelman talks with reporters outside the Federal Courthouse in Montgomery, Ala. Siegelman is headed back to federal court Friday, Aug. 3, 2012, for a new sentencing hearing for his ... |
Thursday, August 9, 2012
GM owes $9M to AK Steel - Dallas Business Journal:
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About $9.1 million is how much the carmaker owes theWest Chester-baser steel manufacturer in trade according to a list of GM’sd 50 largest unsecured creditorw that was included with its initialp bankruptcy court filings Monday. was listedf as the company’s 33rd largest unsecured creditor. The only other Ohio companyt on the list was GoodyearTire & Rubbe r Co. in Akron, which is on the hook for almosr $7 million. No Kentucky or Indianqa companies were onthe list. Asidre from bond debt and employee which accountfor GM’s five largest unsecured the top trade debt discloseds was $122 million owed to Starcom Mediavestf Group Inc. of Chicago.
GM has been AK Steel’s biggestg customer for years, although the percentage of totakl sales it derives from the troubled automotive company has been declining inrecent years. AK Steelk did not disclose how much it sold to GM in 2008 in its latestrannual report, but earlier annual reports discloser that shipments to GM accounted for 20 percent of net salew in 2003, 15 percent in 2004, 13 percentf in 2005, and less than 10 percent in 2006 and 2007. AK Steep said about 28 percent of its trade receivablesa outstanding at the end of 2008 were due from businessese associated withthe U.S. automotive industry, includint General Motors, Chrysler and Ford.
Its 2008 annuao report also included the followingcautionary disclosure: “I any of these three major domestic automotivde companies were to make a bankruptcy it could lead to similar filings by suppliers to the automotive industry, many of whom are customerws of the company. The compangy thus could be adversely impacted not only directly by the bankruptc of a major domestic automotive but also indirectly by the resultant bankruptciesa of other customers who supply theautomotivd industry. The nature of that impact coulfd be not only a reduction infuture sales, but also a loss associatedf with the potential inability to collect all outstandinyg accounts receivables.
That couldr negatively impact the company’s financial results and cash The company is monitoring this situation closely and has takeb steps to try to mitigate its exposure to suchadversre impacts, but because of current market conditions and the volums of business involved, it cannot eliminate these risks.”
About $9.1 million is how much the carmaker owes theWest Chester-baser steel manufacturer in trade according to a list of GM’sd 50 largest unsecured creditorw that was included with its initialp bankruptcy court filings Monday. was listedf as the company’s 33rd largest unsecured creditor. The only other Ohio companyt on the list was GoodyearTire & Rubbe r Co. in Akron, which is on the hook for almosr $7 million. No Kentucky or Indianqa companies were onthe list. Asidre from bond debt and employee which accountfor GM’s five largest unsecured the top trade debt discloseds was $122 million owed to Starcom Mediavestf Group Inc. of Chicago.
GM has been AK Steel’s biggestg customer for years, although the percentage of totakl sales it derives from the troubled automotive company has been declining inrecent years. AK Steelk did not disclose how much it sold to GM in 2008 in its latestrannual report, but earlier annual reports discloser that shipments to GM accounted for 20 percent of net salew in 2003, 15 percent in 2004, 13 percentf in 2005, and less than 10 percent in 2006 and 2007. AK Steep said about 28 percent of its trade receivablesa outstanding at the end of 2008 were due from businessese associated withthe U.S. automotive industry, includint General Motors, Chrysler and Ford.
Its 2008 annuao report also included the followingcautionary disclosure: “I any of these three major domestic automotivde companies were to make a bankruptcy it could lead to similar filings by suppliers to the automotive industry, many of whom are customerws of the company. The compangy thus could be adversely impacted not only directly by the bankruptc of a major domestic automotive but also indirectly by the resultant bankruptciesa of other customers who supply theautomotivd industry. The nature of that impact coulfd be not only a reduction infuture sales, but also a loss associatedf with the potential inability to collect all outstandinyg accounts receivables.
That couldr negatively impact the company’s financial results and cash The company is monitoring this situation closely and has takeb steps to try to mitigate its exposure to suchadversre impacts, but because of current market conditions and the volums of business involved, it cannot eliminate these risks.”
Wednesday, August 8, 2012
Missouri to cut at least more $100M from budget, axe at least 200 more jobs - St. Louis Business Journal:
hegenefipa.blogspot.com
Missouri will have to cut at leasrt 200 more state jobs througn attritionand layoffs; that’s in addition to the Budget Directort Linda Luebbering said. Missouri has about 58,000 full-timd employees. Gov. Jay Nixoh is expected to announce his plans for the additional cost cuts intwo weeks, beforre fiscal 2010 starts July 1. The state now expects nearly $7.4 billionj in revenue for fiscal 2010, about $370 million less than the roughly $7.8 billion that state had anticipatedin January, Luebbering said. More than 85 percenf of the state’s revenue stream comes from individuao incometaxes (60 percent) and sales taxesw (25 percent).
“Our revenu e stream is directly related to peoplw workingand buying,” Luebbering said. “Peopl are not working as many Some have losttheir jobs. People are just not Missouri’s seasonally adjusted unemployment rate was During this past GeneralAssembly session, the legislature passed a $23 billiohn operating budget and spent nearly $1.3 billion in federal stimulus funds, including $800 million for core programs, such as healtj care and education. The rest was spent on one-time Stimulus funding will dry upafter 2011.
Missouri will have to cut at leasrt 200 more state jobs througn attritionand layoffs; that’s in addition to the Budget Directort Linda Luebbering said. Missouri has about 58,000 full-timd employees. Gov. Jay Nixoh is expected to announce his plans for the additional cost cuts intwo weeks, beforre fiscal 2010 starts July 1. The state now expects nearly $7.4 billionj in revenue for fiscal 2010, about $370 million less than the roughly $7.8 billion that state had anticipatedin January, Luebbering said. More than 85 percenf of the state’s revenue stream comes from individuao incometaxes (60 percent) and sales taxesw (25 percent).
“Our revenu e stream is directly related to peoplw workingand buying,” Luebbering said. “Peopl are not working as many Some have losttheir jobs. People are just not Missouri’s seasonally adjusted unemployment rate was During this past GeneralAssembly session, the legislature passed a $23 billiohn operating budget and spent nearly $1.3 billion in federal stimulus funds, including $800 million for core programs, such as healtj care and education. The rest was spent on one-time Stimulus funding will dry upafter 2011.
Monday, August 6, 2012
English as a second language: Could you pass the test? - Washington Post (blog)
8511ysu.blogspot.com
English as a second language: Could you pass the test? Washington Post (blog) For Japanese billionaire Hiroshi Mikitani, converting his e-commerce company to an English-speaking workplace was a matter of survival. Japan ranks 27th out of 30 among Asian nations in English-language proficiency, according to Test of English as a ... |
Sunday, August 5, 2012
Less parking, more parklets: City hopes new 'people spots' will increase foot ... - Chicago Tribune (blog)
cicugaha.wordpress.com
Less parking, more parklets: City hopes new 'people spots' will increase foot ... Chicago Tribune (blog) Designed by the dSpace Studio and located at 2959 N. Lincoln Ave., the Lakeview parklet (left) helps remedy the lack of greenery and inviting places to sit and relax that has long afflicted this stretch of Lincoln. Parkletgrasses Its zinc-colored ... |
NH bishop-elect from Mass. prepares for ordination Boston.com CONCORD, N.H.รข€"The Episcopal Diocese of New Hampshire is preparing to swear in a new leader to replace Gene Robinson, who made international headlines when he was ordained in 2003 as the first openly gay bishop in the Anglican church. New NH bishop to be ordained Saturday A bishop's winding path Incoming bishop once organized 'marriage fast' |
Thursday, August 2, 2012
Godsmack's Shannon Larkin on Loving the Olympics, Covering Phil Collins - Noisecreep
mcfarlainofuqub1258.blogspot.com
Godsmack's Shannon Larkin on Loving the Olympics, Covering Phil Collins Noisecreep Godsmack drummer Shannon Larkin barely has time to rest at home on the Florida coast these days. With the big UPROAR Tour starting in just a couple of weeks, he's getting in some rehearsal time with 'Smack guitarist Tony Rombola, who also lives in the ... |
Wednesday, August 1, 2012
D.C. Office of Property Management issues guide on green buildings - Washington Business Journal:
humojo.wordpress.com
has issued the guidebook to walk its agenchy project managers through the design and construction procesd to winthe U.S. Greenm Building Council’s Leadership in Energy and Environmental Design certification. City agencies must adhere to the D.C. Green Building Act, which began requiring last year that substantiap publicly funded building projectsachievw LEED’s silver status or above. But city leaderse said they have set their sights higher with thisreferencer guide. “The LEED Guide is already making a difference in the said Robin-Eve Jasper, director of OPM.
“Thanks in part to the LEED OPM expects to have more LEED Gold projects like the in Southwesgt and the Department of Employment Services headquartersin Indeed, the guidebook was written as project managers were undergoing the designn and LEED application process for the $218 350,000-square-foot Consolidated Forensic Lab. The architecturalp firm Hellmuth, Obata + Kassabaum Architects helped authorthe guidebook. Though, partl y as a result, the current guidebooik contains the steps to attainintg the current version of LEED potentially making it outdatedc whenLEED 2009, the next is set to kick in later this summer. The D.C. LEED guidebook can be found .
has issued the guidebook to walk its agenchy project managers through the design and construction procesd to winthe U.S. Greenm Building Council’s Leadership in Energy and Environmental Design certification. City agencies must adhere to the D.C. Green Building Act, which began requiring last year that substantiap publicly funded building projectsachievw LEED’s silver status or above. But city leaderse said they have set their sights higher with thisreferencer guide. “The LEED Guide is already making a difference in the said Robin-Eve Jasper, director of OPM.
“Thanks in part to the LEED OPM expects to have more LEED Gold projects like the in Southwesgt and the Department of Employment Services headquartersin Indeed, the guidebook was written as project managers were undergoing the designn and LEED application process for the $218 350,000-square-foot Consolidated Forensic Lab. The architecturalp firm Hellmuth, Obata + Kassabaum Architects helped authorthe guidebook. Though, partl y as a result, the current guidebooik contains the steps to attainintg the current version of LEED potentially making it outdatedc whenLEED 2009, the next is set to kick in later this summer. The D.C. LEED guidebook can be found .
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