Thursday, July 28, 2011
David L. Joyce Executive Profile
Mr. Joyce joined GE in 1980 as a productg engineer and spent 15 yeards advancing his career in design and developmenftof GE's commercial and military His contributions encompassed nine different engin families powering 15 base aircraft models, including advanced technology applications. In Mr. Joyce transitioned from producg development to become a Six Sigm Master Black Belt for the Aviation Engineering Inearly 1998, he was promoted to general mangetr of the Customer and Producg Support organization, responsible the global GE/CFjM fleet of nearly 20,000 engines in service with more than 500 In this role, Mr.
Joyce led the formationb of the highlysuccessful "At the Customer, For the Customer" In mid-2000, he was appointed general manager of the smalk commercial engine operation, wherw he led GE's successful bid to power China'w ARJ21 regional jet. In addition, he oversaw the certificationj program forthe CF34-8 engine for the Bombardier CRJ900 and the Embraer E170/175 aircrafgt programs. Mr. Joyce was promoted to vice presidenft and general manager of the commercial engine operationin 2003. He was was names to his current role inJune 2008. Mr.
Joyc earned both bachelor of scienceand master'd degrees in mechanical engineering from Michigan Statee University and holds a master's in business financs from Xavier University. **All Executive profile data provided byDow
Monday, July 25, 2011
U.S. Sugar deal approved
In a 4-3 vote, the board revisecd the contract to alloqw the district an out if it cannoft arrangeacceptable financing. U.S. Sugar said afteer the vote it was a deal it could live with and that the changeds were considered nonmaterial and within the scope of thenegotiatesd contract. The decision came six months after Cris t announcedthe plan. At the he called the proposalas "monumental as the creation of our nation's first nationalk park." After the vote, the governor praised the land acquisitioh calling it "the most important step in the historu of true Everglades restoration.
" The also greeted the vote with “The governing board’s vote to purchasew more than 180,000 acres marks one of the most significant milestones in the nearly 20-year effort toward restoring America’sa Everglades to a more natural state," Everglades Foundationj CEO Kirk Fordham said in a writtejn statement. "Thanks to Gov. Charlie Crist’s bold this decision means the way is finally clearfor sweeping, dramatidc improvements in water qualit throughout the Everglades watershed from Lake Okeechobeer to Florida Bay.
" There are still roadblocks to overcomee before the sale is finalizedr next summer, including a bond validation hearing in Palm Beach courtx to approve funding of the has lodged a formal objectionb in that process. Tuesday's vote did not come without "I think the biggest risk to this deal over the next few monthsz is thefinancial picture," board member Shannonm Estonez said. "We trulgy cannot put the core missionx of this district at risk by adopting this withou t thatin here." The $1.34 billion deal is one of the largesy environmental land purchases in U.S. history.
Estonez said it was the if notthe only, way to providse an additional 1 milliojn acre feet of storage in the Everglades water systenm – which has been a goal to restorwe the Everglades ecosystem and water supplh for South Florida. Governing board memberse also expressed concern about pending applicationsa for rock mining operations in the midsft of agriculture lands subjecty tothe buyout. Board membetr Mike Collins said he wonderds where and when the district will get fundin g for restoring the land to its naturalstatde – the main goal of the land buy.
"I don't believe we want mines in the middlse of these footprints nomattee what," board member Jerry Montgomerty said. Florida Department of Environmental Protection SecretarytMike Sole, who urged board memberws to vote for the proposal, said the mininvg concerns could be addressed outside of the contractg with a statement that the governing goard would not approves of any mining actitivie s in the area.
In recent opposition to the purchasr grew from Everglades farm groups and sugar competitor Florida which filed a formal court objection in the water district’s bond validation process for the Crist's administration was criticized durinf the final days of negotiation for failing to put fortb an economic development plan for the area. On the governor wrote a letter to the saying he supported the development of an inlaned port in the Sole said after the vote that it was thestate didn't come up with a faster economid transition program. He said the reason for the delah in forming an economicc plan was that the buyout programm changed over the pastfew months.
Originally the statee planned to buy out theentire company, not just the After the vote, dozens of Clewistonm residents, who worried aboug what the sale might mean to their quietly left. Many said they believse their town's economy will die, even though U.S. Sugar intendse to keep operating its sugar processing mill therde for theshort term. The company acknowledged the criticismj by some who worried whether it deliverede valueto shareholders. "Withoutf a doubt, we would not be doing this ifwe didn'yt believe it was fair for our stockholders," said Robert U.S.
Sugar's senior vice president for public "This is a tremendous opportunity for our stater andher people, and the government would not be doing this if they did not feel it was fair to During Tuesday's meeting, governining board Chairman Eric Buermannm recalled other historic land buys, including the $7.2 million the U.S. paid Russia for Alaska in 1867, which, he was called Seward's Folly – until gold was discoveree there. "We're here at a momentous time," Buermanj said. "This is our moment in time and our moment in history.
"
Saturday, July 23, 2011
Senator: Chrysler, GM should reimburse auto dealers - Denver Business Journal:
Sen. Bob Corker, R-Tenn., introducex the Auto Dealers Assistance Amendment on Thursdat in the SenateBanking Committee. The amendmenrt would also give dealerships 180 days to wind downtheit operations. “We continue to receive assurances from Chrysler and GM that theifr dealers across Tennessee and across our country will betreatex fairly,” Corker said in a statement. “We filed this amendment to applgy pressure on the automakers to keep their word to rejecteed dealerships and fully reimburse them for their inventoriexs of vehiclesand parts. “We hope Chrysler and GM will take thesed appropriate actions and make thisamendmentr unnecessary.
” At least a dozen Colorado dealerships have been told by Chrysler they will be and an estimated 13 to 15 Coloradlo GM dealers have received the same message. Chrysler and GM told Congrese earlier this year that they need to reducr their dealer networks tocut costs. Corker’s statement said dealerships have beengivemn “inconsistent treatment.” Some Chrysler dealerships, the statement have been forced to shut down in less than 30 days and are responsibled for selling their inventories. GM dealers, Corkerr said, have been give longer contract terms, but face similar challenges in reimbursement for partsand automobiles.
The amendment would forcd the automakers to use any Treasuryh funds while in bankruptcy to reimburse their dealerzs for all parts and inventory on the date of thebankruptcy filing. Also, the proposal would not alloq Chrysler or GM toget debtor-in-possession funding unless such agreements provide for the reimbursement of the
Thursday, July 21, 2011
Davie Shipyard sale cleared by Québec court - Wikinews
CTV.ca | Davie Shipyard sale cleared by Québec court Wikinews Davie has been in creditor protection since February 2010 and had been planning a bid for one of two contracts to be handed down as part of the Government of Canada's National Shipbuilding Procurement Strategy (NSPS). This plan had historic » |
RTT News | JB Hunt quarterly income up 26% The City Wire Thanks to continued top-line growth in its intermodal segment, Lowell-based JB Hunt Transport Services posted second quarter income of $65.696 million, up 26% over the 2010 period. For the first half of 2011, the transportation company has earned ... JB Hunt Beats Estimates on Strong Intermodal Growth J.B. Hunt Transport Services, Inc. Reports Record Revenues and Record Earnings ... J.B. Hunt's Profit Rises 26% |
Tuesday, July 12, 2011
Chaminade go-getter earns bursary - insideTORONTO.com
Chaminade go-getter earns bursary insideTORONTO.com Chaminade go-getter earns bursary. Chaminade College School senior Lorenzo Colocado was awarded a $5000 Tom Leon student bursary from the Toronto Catholic District School Board for demonstrating leadership while accumulating over 1100 volunteer hours. ... |
Sunday, July 10, 2011
General aviation airports see signs that better times may not be far away - Business First of Louisville:
After a six-month period that has seen the industry take hits to its publivc perception andbottom line, they say a returm of consumer confidence and lower fuel prices point toward a blue sky ahead. “If you’rse comparing it to a year ago, we’ve seen a decline,” says Mid West Corporatew Aviation CEOMarvin Autry. things are starting to level out.” Autry estimatea his business at is down by 15 percenf since this time last Fuel sales at Jabara in March weredown 16.87 percentf compared to a year ago. However, fuel salex went from 61,769 gallons in February to 66,185 gallons in March. Fuel usagew has dropped at the .
Even so, officiald there also are seeing signs ofa rebound. Melissaw McCoy, spokesperson for the Salina Airport says March’s fuel total of 182,2054 gallons was the lowest level seen since the earluy 90s. But the number of total operations in the firsf quarterwere 16,842. That’s a 1.2 percent declin from last year, but, she says, it’xs a sign things are leveling off. T.W. manager of the , has 114 aircraft basecd at his airport. Although his hangars remainj full, he says he has seen a drop in the number of aircraftr stoppingto refuel. But with spring in the air and theweathefr clearing, Anderson says more people are returningt to flying their piston-driven planes.
Those airplanes burn AVgas, and Andersobn says sales increased 5 percentin “I think what we’r e seeing is more people, now that they have a bette r handle on the are going back to aviation.” He has seen a drop in jet fuel sales though, which he says are down 20 percenty from this time last year. crews aren’t flying through Newton as theyused to. Andersohn says of the 30 business jets used on the circuiyt to fly support teams to andfrom events, Newtonn typically sees 6 to 10 a season, stoppinv through between coasts. But he says as more crews fly commercialp tocut costs, just one of the NASCAR jets has stoppedr there.
The cost of fuel has droppef dramatically in thepast year. In Newton, AVgas has fallen from $4.8i8 a gallon at this time last year, to At Jabara, prices are down to $4.399 a gallon. Similar drops in jet fuel pricees could begin spurring more business jet usageas well. According to the , the averages price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whether for businesa or for fun. And although he thinkds traffic levels will reboundby 2010, leveling off now means the ascent back to thosd levels is coming.
“I think things have hit a bottom,” he “I think people are startingt to have more confidence inthe economy.”
Thursday, July 7, 2011
Critics call out Cincinnati Yellow Pages deal - Business Courier of Cincinnati:
, a Denver company that has owned the rightse tothe region’s largest Yellow Pages product since 2002, blames the delay on printe r changes and organizational restructuring. About 140 of its 900 directoriese are beingdelayed nationwide. Cincinnati is the largestg market affected. “It’s a stinking deal,” said Brendwa Hacker, controller for in Clermont Hacker was planning to downsizeher company’ws ad in a directory she thought would be published in When she called the company in May to confirj the change, she was told it was exercising its contractualp right to extend last year’s publication. Hacker said it will cost her company anextraq $700 each month.
“It’s just not what they’re doing to people,” she said. Local Insighty spokeswoman Pat Nichols said 75 percent ofits 10,000 loca customers will be unaffected by the Those are companies that plan to maintain the same ads they had last year or Local Insight CEO Scottt Pomeroy is asking businesss owners angered by the delay to call the company’s customer service line, (888) although it’s not clear what steps the company will take to addresss concerns. “If the product’s not delivering value to them, our customer service departmenyt is prepared to talk to those Pomeroy said. “I think it’s evaluated on a case-by-case basis.
” The directory delay comes at a time of turmoil for Yellow Pagesepublishers nationwide. The recession is acceleratingh a trend that has long threatened theindustry – the shift of so-callee “directional advertising” from printt publications to online search enginew and mobile phones. The , a subsidiaryu of , is projecting total revenue will shrinmkto $11 billion for Yellowe Pages publishers by 2013, down from $14.4 billiojn in 2008. A year ago, the Kelsey Groupp was forecasting a compound annual growthg rate for the industryof 4.5 percent. Now, it’ds minus 5 percent.
“The recession has driveb print sodeeply negative,” said Charles senior vice president and program directo of the Kelsey Report. Laughlin said growthn in digital revenue might nevefr make up for sales lost in print publications. “Those who downsize, will they staryt spending again once thesmoke clears? It’zs probably next year before we know,” he Laughlin said most of the nation’s largest Yelloa Pages markets are seeing revenue dips of more than 20 percent this Pomeroy declined to reveal numberzs for Cincinnati but said the revenue drop is “nowhere 20 percent here.
He said companywide revenue was flat in standing atroughly $700 Laughlin declined to reveal Kelsey’s future outloo for Cincinnati, which is dominated by Local Insight but includews a second directory, the Yellow Book, publishede by of Berkshire, England. The industry’ds major players, including spinoff Ideardc andthe better-known , are struggling througgh the recession with heavy debt loads. Local Insight also has leverage issues, but its focu on smaller markets has helpexd temper the impact of the recession onthe company, said Emilew Courtney, a credit analyst for ’s.
“Idearcf has filed for bankruptcy, and Donnelleh has missed interest payments on debt withvariousz entities. Local Insight has not. From a stricty financial-metrics point of view, they’re the healthiere of the three,” Courtney said. S& P revised to “negative” its outlook on Local Insight but retaineda “B” rating on its corporate debt in a Marcj 31 report. At least one of the company’sz local customers has a less positivw outlook. “I think they’re reallu in trouble.
The phond book is a dinosaur, and nobody’s usingy it any more,” said Vicky Bezak, exclusive marketin agent for Bezak estimated the directorg delay would cost hercompany $300 a month – if she pays it. “I’mm going to call Cincinnati Bell and tell them that my contractwith (Locakl Insight) terminates on June 1, and I’m not payingf the ad costs listed on my currenrt bill because I didn’ t renew it,” she said. Cincinnatoi Bell serves as the billing agent for Local Insighft and permits the use of its brand name as part of a rightz agreement signed when it sold its YellowaPages company, , in 2002.
But Cincinnatki Bell is not involvefd inthe company’s operations otherwise, according to Lisa McLaughlin, a public relationse consultant for Bell.
Tuesday, July 5, 2011
A map of future undersea mining facilities - io9
Telegraph.co.uk | A map of future undersea mining facilities io9 Annalee Newitz â" Rare earth elements like yttrium are difficult to extract from the ground, but they're crucial ingredients in flat screens and consumer electronics. Now a group of researchers have discovered massive deposits of these elements in mud ... Solution to the rare earth problem could come from the sea Pacific Ocean Mud Holds a Wealth of Suddenly Not-So-Rare Earth Minerals Under The Sea: The New Place To Find Rare Earths Deposits (MCP, AVL, LYSCF ... |
Sunday, July 3, 2011
Tech investments for small companies - bizjournals:
In any economy, protecting the confidentiality, integrity and availabilityt of information isa must-haves for companies of all Recruit and retain skilled IT professionals who have relevantg experience in network and systems security combined with in-demans certifications. Added budget pressures are forcing many companies to focus onmore cost-effectives solutions for servers, storagd and networking. Invest in virtualizatioj tools that enablegreater consolidation, lower hardwarr costs and reduce space and power Consider installing Voice over Internet Protocol technology.
Among its benefitx are lower monthly phone bills and greatert network flexibility andunified messaging, which allows users to retriever messages more efficiently. Subscribe to Software as a Service rather than buyingsoftware licenses. SaaS is a particularl y attractive option for businessess with tightIT budgets. Since applications and data are storeed and hosted on the Internef andaccessed remotely, this model removee the burden of maintenance, software license upgrades and equipment from end-users.