Friday, August 31, 2012
Funding for more Boeing F/A-18s moves forward - St. Louis Business Journal:
• Provides an increase of $108 milliobn for advance procurement of items that would be used to builds new aircraft beyondfiscal 2010. “The committee is very concernedr aboutthe Navy’s shortfalls in the strikse fighter aircraft inventory,” according to the committee’s mark-up summaryh of the bill. “The committee believes that it ismore cost-effectivr and prudent to procure additional F/A-18E/F strike-fightera than to extend the service life of the legacy fleetf of F/A-18A-D aircraft in the upcoming years.” The Senats must still sign off on the additional funding.
Aboutf 5,000 of 16,000 local Boeing jobs are tied directlyh tothe F/A-18, which costs between $29 million and$57 million Defense Secretary Robert Gates in early April that includerd deep cuts in some weapons systems. He proposed cuttiny back on F/A-18s and discontinuing orders forthe C-17 cargi planes, another Boeing aircraft responsible for 900 local St. Louisz jobs. Earlier this month, The U.S. Senate appropriations committere foreight C-17s in the 2009 supplemental appropriations A unit of Chicago-based (NYSE: BA), Integrated Defense Systemsx is one of the world’s largest space and defenser businesses. Headquartered in St. Louis, Integrated Defense Systems isa $32.
11 billion business with 71,000 employees worldwide.
Thursday, August 30, 2012
Destroying Precious Land for Gas - New York Times
Telegraph.co.uk | Destroying Precious Land for Gas New York Times Though my father died when I was 5, I have always felt lucky to live on land he loved dearly; land in an area that is now on the verge of being destroyed. When the gas companies showed up in our backyard, I felt I needed to do some research. I looked ... Ne w York Fracking Debate Andrew Cuomo Faces Protests From Angry New ... |
Tuesday, August 28, 2012
Eco-friendly groups rise in shadow of LEED ratings agency - Triangle Business Journal:
In the Triangle can be foune a concentration of commercialLEED (Leadership in ) certifiedr buildings, an active local chapter of GBC and a initiated by localp homebuilders. "I think it is really importantf that we transform the way that we build saysDona Stankus, chair of the North Carolinaz Triangle chapter of GBC. "The great thing about the U.S. Greeb Building Council and the LEED programthat they'vse created is that they are raising awareness at an almosr astronomical rate ... I don't think the LEED system is a perfect system. But it's a systej to start with and a systen to get us moving in theproper direction." The U.S.
Green Building Council is a nonprofit organizationb that promotes sustainable building practicese through its LEED Green Building point which sets benchmarks for green buildingb in fiveareas - sustainable site water savings, energy efficiency, materials selectiobn and indoor environmental quality. The agency offers four differeny levelsof certification. For example, constructiomn projects earn points for using green design elements such as recycledmaterialw (recycled carpets), rapidly renewing materialse (bamboo floors), local materials (brick from withinb North Carolina helps reduce shipping distance), energy saviny devices (designs with natural lighty and streamlined HVAC systems), and water saving devicesa (such as waterless urinalxs and low-flow toilets).
That's accordinvg to Rob Everett, director of business developmenat , a LEED-certifiedr contractor. "It's a no-brainer that you want to incorporates sustainable design elements intoa building," Everett says. "w lot of those sustainable elements are done at noadditionalk costs. We just need to be smart aboutyour design." There are 26 LEED-certified buildings in the state. More than half are locatedx insidethe Triangle. Several other buildinges in the Triangle, including the , are currently beingt considered for theLEED certification. In there are 54 project in the Triangle registered with the LEED accordingto U.S. GBC.
The Northb Carolina Triangle chapter of GBC is led bya nine-membert board of directors, which includesz architects, landscape architects, a realtor and representatives from locakl educational institutions. Local advocates startedr planning the chapter in 2003 and received approval from the national organization in 2005. Since then, the locao chapter has attracted375 members. Its advocacy and educatioj committees areextremely active, putting on countless eventzs for green-minded professionals, Stankus Each month, the chapter hosts a "talkj and walk," an educational event at the site of a greeb building, followed by a tour of its In January, 200 attendees tourer the North Carolina Legislative Building's rainwater systemn after listening to several speakers talk about how to move forwards on water issues.
Most "talk and walk" events attract 40 to 80 Stankus says. Every year, the chaptet hosts a "Green N.C." trade show sponsorerd by the North Carolina Solar Center andthe . The loca l chapter also sponsors conferences at the North CarolinaaState University's College of Design. In April, the group gets together for an annuaolmembership meeting, and in winter, membere enjoy a social The Emerging Green Builders group, which is comprisee of college students and young professionals, hosts "green drinks" once a month where people meet at a bar and talk aboutg green building.
The chapter also hoste LEED workshops for locapprofessionals - meetings that regularly sell out a month in Yet, constructing buildings following LEED standards can add to construction Also, the ratings are largelyg directed toward commercial construction. To offer thos in the residential construction industrgsimilar standards, the , Orange Chatham Counties created the Green Buildingg Council. This group certifies homees that meet green home building guidelines as set forthy bythe . The council aims to make greenn building less mysterious for home builders and provideas a less expensive and demanding route togreenj certification. "We want to bringg green to themainstream ...
," says Nick executive vice president of the Homebuildere Association of Durham, Orange & Chatham Counties. "A builder can make some marginal change to deliver a product that meetxs these guidelines and has a positive effect without tryintg to go offthe grid," he says. Since Novemberd 2006, the program has attracted 150 members from the homebuilding community and certifiexd more than100 homes. And there are aboutt 80 homes in the pipeline for certificationrighg now, Tennyson says.
Monday, August 27, 2012
Police Chief Dudeck Outlines Post-Consolidation Initiatives - Patch.com
Police Chief Dudeck Outlines Post-Consolidation Initiatives Patch.com To keep patrol staffed at the optimal level, the department will begin recruiting at college and job fairs this fall to put potential new officers on a waiting list if and when the department needs to add or replace staff. With about four months before ... |
Sunday, August 26, 2012
TXCO Resources seeking waiver for loan covenant violation - San Antonio Business Journal:
San Antonio-based TXCO says it is seekint a waiver of the current ratiko covenant that was part of its amended and restated credit agreement datedApril 2, with Bank of Montreal. In a pressw release, the company says it believes it is meeting all other covenantg requirements under thecredit facility. Therse can be no guarantee that the compan y will obtaina waiver. Under the terms of the credit if there is a default it coul d result in holders ofthe company’xs Series D and Series E convertible preferred stockm being allowed to exercise a redemption right.
that redemption right would be suspended untik all ofthe company’s other obligations under the creditr facility have been satisfied. TXCO Resources TXCO) is an independent oil and gas companyu with operations in theMaverick Basin, the on-shoree Gulf Coast region and the Marfa Basib of Texas and the Mid-continent region of westerj Oklahoma.
Friday, August 24, 2012
Downtown Staybridge Suites seeks receivership - Business First of Buffalo:
SJ Properties Suites Buyco EHF, which includes an investor from Reykjavik, Iceland, filed the petition Monday in Milwauke e CountyCircuit Court. Judge Mel Flanagan scheduled a hearing for June 30 on a motionj to appoint Milwaukee attorney Seth Dizard as the Work stopped in December 2008 onthe high-rise at 1150 N. Wate Street when the construction managefr and developer DOC Milwaukeebecame insolvent, according to the receivership petition. The Icelandic investors said that in November 2006 they provideed an advanceof $17.4 million for a 120-rooj extended stay hotel and at leastf 18 luxury condos. The projecty also received $13.
4 million in financing from a unit of in which in May was placee in receivership bythe FDIC. The Milwaukee receivershipl petition said the property on Water Street alreadythas furniture, flooring and fixtures in the Staybridge portiobn of project. Liens against the projecyt total morethan $3.4 million, accordingg to the receivership The largest liens were filed by Milwaukee-are contractors and suppliers Uihlein , and Klein-Dickert. SJ Propertiews recently sued DOC Milwaukee and Economou Partnersin U.S. Districtr Court in Milwaukee claiming a fraudulenrt transfer of funds intended for the WaterStreet project.
Thursday, August 23, 2012
Giants sweep Dodgers, extend NL West lead - NBCNews.com
USA TODAY | Giants sweep Dodgers, extend NL West lead NBCNews.com LOS ANGELES (AP) - The San Francisco Giants said they had to move on after Melky Cabrera's 50-game suspension for a positive drug test. They've done just that, regaining the NL West lead and improving to 5-2 since his punishment was announced last ... Giants be at Dodgers 4-1 to extend NL West lead Lincecum helps Giants down Dodgers to extend NL West lead Lincecum, Giants extend lead in NL West |
Tuesday, August 21, 2012
UPS-DHL negotiations off - Atlanta Business Chronicle:
The proposed joint venture could have generatefd upto $1 billion in annual revenues for Atlanta-based UPS, the world’w largest parcel shipping company. The AP said a UPS spokesmahn declinedto elaborate, but said the company and DHL have brokem off talks. Struggling DHL said last year it woule no longeroffer U.S. only air and ground delivery "We have not been able to come to a conclusiver agreement that is acceptable to both DHL told AP in a DHL spokesman Jonathan Baker told AP the for now, will continue using and as its air servicde providers.
The original proposec 10-year deal would have involvefdUPS (NYSE: UPS) transporting DHL freight betweeb airports throughout North America, and would not have involved UPS delivering packagews directly to DHL In a cost-saving move, DHL said Fridayg it would move hub operations from Wilmington, to Cincinnati, Ohio. DHL, which is ownef by the German postal service, bought ’s grounds delivery network in 2003, and instantly becamde a rival to UPSand Memphis, Tenn.-based FedEx But the company trailed its larger American competitorxs and never caught up. DHL has tried to be a majoe player inthe U.S. since it bough t Airborne Inc.'s ground delivery network for $1.
05 billion in but it has lagged in the air and groundmarketsa combined, analysts have said.
Monday, August 20, 2012
Demand drives Toll to build anew at Naval Square - Baltimore Business Journal:
Despite the housing slump, the project began in March as the developere managed to sell out on its firs t phase ofthe project, defying doldrums plaguingf the residential real estate market. Kicking off a new phase of the project comes as housing starts nationally plungeds tohistoric lows, according to the latest data from the U.S. Commercer Department. Housing starts fell by 12.8 perceng in April to 458,000, which is considered the lowest sincew the government began tracking the data 50yearws ago.
“It’s unique,” said Chucjk Breder, division vice president with “Even though we don’t have the investor the sales pace over the last three years has beenprett constant.” Toll began selling the first which consisted of 345 at the end of 2004 and sold on average 70 unite each year, Breder said. The seconf phase consists of four buildings with 220 condosand separately, a collection of 74 townhouses. Buyers have shown an interest in the with Toll selling 10 townhousees in the last two The project also includesa 2,000-square-foot fitneses and community center.
Toll isn’g seeing sales activity like this at all of its communitie s and has taken a beating onits earnings. Last week it reportef that it saw itsfiscal second-quarter loss lessejn to $83.2 million, or 52 cents a which included pre-tax write-downs totaling $119.65 million. During the comparable period last Toll reporteda $93.7 million, or 59 cents a loss that included pre-ta write-downs totaling $288.1 million. Revenue for the quarter came inat $398.3 million, a plungd of 51 percent.
One aspect of the projecgt that has kept buyerds traffic strong and steady is that Naval Squarre hasa suburban-like setting that has attracted suburbaniteds used to large yards and those with dogs who want room for them to The development sits on 20 acres, has mature treees and an abundance of green space. Toll also hasn’ty had to drop askingt prices on the condos during the past two yearas as the housingmarket tanked. “There’sd been minimal discounting,” he said. “It’w always been right priced and we adjusted prices a couplre ofyears ago. Depending on the size of a prices have rangedfrom $245 to $355 a squarr foot.
Phase two will complete Nava l Square, which Toll bought in 1987. The propertty at 24th and Bainbridg streets is a National Historiv Landmark and the firs home ofthe U.S. Naval Academy. The property had been vacany since 1977 before Toll bought it from thefederalo government.
Sunday, August 19, 2012
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Friday, August 17, 2012
Idaho Trinity Ridge Fire Receives Disaster Assistance Funds From FEMA - LoanSafe
San Francisco Chronicle | Idaho Trinity Ridge Fire Receives Disaster Assistance Funds From FEMA LoanSafe (Source: FEMA) â" The Federal Emergency Management Agency (FEMA) has authorized the use of federal funds to help with firefighting costs for the Trinity Ridge Fire in Elmore County, Idaho. FEMA Acting Regional Administrator Sharon Loper approved the ... US Forest Service to Resume Wildfire Night Flying In Southern California Next ... |
Thursday, August 16, 2012
Periodic low water pressure at Nelson Splash attributed to adjustments - ReporterNews.com
Periodic low water pressure at Nelson Splash attributed to adjustments ReporterNews.com The low water pressure some have complained about at Nelson Splash is actually the splash park cleaning itself and adjusting to conditions in which it operates, according to city officials. The new splash park, located at Nelson Park near the zoo and ... |
Wednesday, August 15, 2012
'World Tekken Federation' online social network is your new Mishima meeting ... - Joystiq
GameDynamo | 'World Tekken Federation' online social network is your new Mishima meeting ... Joystiq Namco is starting a new social hub for people to coordinate their bear fights and virtual Snoop Dogg sightings. The World Tekken Federation is a community built around Tekken Tag Tournament 2, tracking gameplay stats, » |
Corn yields dive: Will we suffer at grocery? No ... well, maybe Los Angeles Times The drought came, the crops shriveled, and the news on corn and soybeans is bad. But the USDA is trying to get the message across to grocery-shopping Americans: It's not as bad as all that. Yet, anyway. For the second month in a row, the U.S ... |
Thursday, August 9, 2012
Study: Downturn will fuel litigation - San Antonio Business Journal:
The blame game will prompt many oftheses suits, the study Of the U.S.-based companies participatingg in this year’s survey, 34 percenf expect to see what the study calls a in litigation involving their firms over the next 12 By comparison, 22 percent of respondents to the 2007 survey expected to see an increase in litigation. “This year’s survey appearsd to mark an inflection point for American business — between the end of a prolonges period of prosperity and the start of a perioc of economic challenge that is likely to fuel litigationb over who is to blame and who should pay for the said Stephen Dillard, chair of Fulbright’s global litigation The latest litigation trends reporrt is based on responses from 358 participatinfg companies — including company officials who serves as general or deputy-genera counsels for their firms.
Of that 251 respondents were U.S.-based The survey was performed from May 22 througb July 18 of thisyear — during what Dillard callws “the cusp of that from economic prosperity to the current economicf slump. The report covers litigation practices over thepriot 12-month period. Houston business research firm conducted the surveh on behalf ofFulbright & Jaworski. The litigation trendsz report provides businesses with a snapshot of the currenlegal landscape, notes John Weber Jr., who is a partnef in the litigation practice of the San Antonio office of Houston-basef Fulbright & Jaworski.
Givenh the time frame in which the survehywas conducted, Dillard said that the 2008 reportg highlights “both the evideng calm before the storm, as well as the sense that disputea are on the rise.” The overalk pace of activity in the U.S. declineds during the 2007-08 survey period — with 21 percent of U.S. companie stating that no new lawsuits had been filed against By comparison, 17 percent of the firmzs surveyed claimed there was no new litigatioj against them during the 2006-07 survey Of the U.S. companiesd responding to the 2008 litigatio ntrends survey, 45 percent reportedx spending at least $1 million annually on In line with that 19 percent of the U.S.
-based firms stated that they were more likel to increase their in-house litigationh staff. Over the past 12 months, 12 percengt of the insurance companies surveyed had alreadh engaged outside counsel regarding subprime lawsuitseor investigations. Eleven percent of the financial services firms surveyed had done this over the past Looking ahead to the next 12 15 percent of theinsurance firms, and 22 perceny of the financial services respondentsd are, as the report states, “bracing themselvesa for a subprime action or investigation.
” The survey founs that insurance companies were most vulnerable to litigation — with at leas t 66 percent of these firmw facing six or more new Next was the retail with 55 percent of this sector facing at leasg six new lawsuits. These top targets were followesdby manufacturing, with 54 perceng of the companies facing six or more new and health care providers, with 52 percen t of its businesses facing at least six new As for the aread most ripe for lawsuits, the top threde were labor and employment contract disputes and personal injury cases. These areaas also took the top three spotse inthe 2006-07 and the 2005-056 surveys, Weber says.
Product liability, intellectual insurance, environmental-toxic tort, regulatory, class actions and professiona l services rounded out the top 10 categoriesof
Wednesday, August 8, 2012
Medtronic to cut 1,500-1,800 jobs - Minneapolis / St. Paul Business Journal:
The Fridley-based medical technology firm said the cuts will include approximately400 U.S. employees who have accepted earlyt retirement or voluntaryseparation agreements. Those employeexs will leave the companyMay 29. Medtronicc spokesman Chuck Grothaus said the cuts are part of a restructurinb plan the company first discussex in February based on concerns aboutthe economy. He said the move was made to "make sure we're aligned with an adequate number of employeess in our business unitds that are growing versus those that have kind of stabilizee over thepast year.
" Medtronic also said it is still hiringb — it plans to add approximately 700 jobs durinfg its fiscal 2010, primarily in sale and research and Some of those positions will be in Grothaus said. The restructuring announcement came aftet the company releasedits fourth-quarter and full-year 2009 financia results. Fourth-quarter net earnings were $250 or 22 cents per share, down 69 percenrt from $812 million, or 72 cents per share, in the comparabler period last year. The company reported net salesof $3.832 billion in the fourth quarter, down slightlyg from $3.86 billion a year ago. For the Medtronic (NYSE: MDT) had net earnings of $2.289 billion, or $2.
04 per diluted share, in 2009. That’s up 2.7 percent from $2.23 billion, or $1.95 per dilute d share, in 2008. Net sales came in at $14.6 billionj in 2009, up 8 percent from $13.53 billion the previous year. Looking forward, Medtronixc said it anticipates earningsof $3.10 to $3.20 per share for 2010, with revenuer growth of 5 percenft to 8 percent.
Monday, August 6, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Dallas Business Journal:
Kokam’s , to be dubbe d Summit Battery Park, would employ an estimated 900 peoplew with average annual salaries of $40,000. Kokam President Don Nissanka has said he hopes to break grouns before the end ofthe year, probably at a site of more than 40 acrez in the vicinity of Kokam’s current 50,000-square-foot Lee’s Summit plant. Nissankz was out of the country Mondayand couldn’t be reached for comment. a startup founded in October 2005, burst into the limelight this picked Kansas City for an assembly facility largelgy becauseof Kokam’s proximity.
And with federal stimuluas dollars and state money seeking a joint venture involvin g Kokam landed a commitment in Apri ofnearly $145 million in incentive from Michigan to build a battery plant there that’sz similar to the one planned The group also appliefd for federal stimulus money. Schaefer, sent a letter to Nixon on Thursdayy proposing that financing be cutby $11.6 million combined for Kokam’s Lee’s Summit plany and another battery plant in Joplin to help preserve $31.3 million in financing for the in Columbia, which Schaefer calledd the cornerstone of a $200 milliom hospital project.
“Every indication that I’jm getting is that intends to veto the money for the Schaefer said, adding that Nixon’s veto probablyt would kill the entire $200 million “Spending public funds on a cancer hospitap owned by the citizens of Missouri is alwayd going to win out over giving public funds to a privats company for a battergy plant,” Schaefer said. “Nobody has told me that the lowef amount wouldkill (Kokam’ds Lee’s Summit) project.” Nixo n spokesman Scott Holste said the governor will have an announcementy about the budget bill before June 30, the end of Missouri’se fiscal year.
Nixon and his staff have been reviewing the budgetbill “line by line to determinew what the state can afford,” Holstw said, and they want to keep central services in Jim Devine, CEO of the l, said he thought Schaefer’s proposal was “not as a threat as the EDC first “but you never know in The EDC issued a releas e Friday encouraging Nixon to keep the Kokam plant’es financing fully in place.
Sunday, August 5, 2012
Thriving Coral Reef In Muddy Waters - RedOrbit
RedOrbit | Thriving Coral Reef In Muddy Waters RedOrbit The Middle Reef, part of Australia's Great Barrier Reef, is growing more quickly than reefs in other areas with lower levels of sediment stress, a new study has found. Rapid coral reef growth has been identified in environments with large amounts of ... Coral reef research suggests deepwate r neighbours need protection too Study documents skin cancer in ocean fish Coral Reef Thriving in Sediment-Laden Waters |
Friday, August 3, 2012
Boston Archdiocese seeks transfer of Caritas network - Boston Business Journal:
Archdiocese officials have signeda non-binding letter of intent to sell the group to in St. a larger regional Catholic hospital group with facilitieas inmultiple states. Negotiators want to closes the deal byJuly 2007. "This collaboration will ensure a strong future for Catholic health care in our Archdioces e and throughoutEastern Massachusetts," Cardinal Sean P. O'Malley said in a The tentative agreement calls for board s of directors to remaij in place at the six Caritas hospitals to continues their local responsibilitiesand duties. The Bosto Business Journal first reporterd on Monday that the hospital was expectexd to be sold either to Ascension or to ofNewtown Penn.
Archdiocese officials were to meet Tuesday night with boards from all six Caritas Hospitals in Caritas includesCaritas St. Elizabeth Medicakl Center in Boston, in Dorchester, in Brockton, in Methuen, in Norwooed and St. Anne's Hospital in Fall River.
Thursday, August 2, 2012
KB Home narrows 2Q loss - Dallas Business Journal:
The loss is attributed to charges tiedto joint-venture impairments and the abandonmentr of land option contracts, the homebuilder said. Los Angeles-basedx KB Home (NYSE: KBH), which has significant operationd inthe Dallas-Fort Wortj area, posted a second-quarter net loss of $78.4 or $1.03 per share. That is improve from last year when the companyg reported a much deepeer lossof $255.9 million, or $3.30 per share. The company’sa overall revenue as compared to last year fell 40 percenty in thesecond quarter, hitting $384.5 down from $639.1 million a year earlier.
The decline is attributedx to a 37 percent drop in the number of homea delivered and a 5 percent drop in the averagew homeselling price. KB Home’s President and Chief Executiv e Officer Jeffrey Mezger said Fridaty the company reported a lower net loss due to strategid initiatives that set the goal of improvinhgross margins, cutting overhead expenses and creating profitability in the company’s
Wednesday, August 1, 2012
RealtyTrac: May foreclosures down in Ohio - Washington Business Journal:
Data released Thursday by Irvine, Calif.-based , whichu compiles and sells foreclosure shows Ohiologged 11,360 pre-foreclosure, auctionn and bank-repossession filings in May, which come s out to one filing for every 446 properties. Ohio’s rate, as in April, was the 10th-highes in the nation, but the number of filingx dropped 8 percent from the monthh before and 13 percen from ayear ago. Ohio was one of 18 states to seea year-over-yeae drop in foreclosures, accordinbg to the data. The national tide of by comparison, fell 6 percent from Apri but jumped 18 percent from May 2008 as the foreclosurde rate surpassed Ohio at one filiny for every398 properties.
RealtyTrac isn’t putting much stock in the month-over-month decrease in national foreclosures filings. The total of filings 321,480 – marks the third consecutivr month thatthe 300,000-markm has been surpassed. And RealtyTrac CEO James Saccacilo noted in a release thatwhile pre-foreclosure and auction filingx slipped compared with April, bank repossessions are up on “substantial” jumps in several states. The company said it expectws bank repossessions to increase in the coming monthsd as foreclosure delays and moratoris expire invarious states.