viktorevaikubuwo.blogspot.com
, based in Burlingame, said Monday a report in London'd Daily Mail newspaper incorrectly stated the upstart carrier plans flightds between the United Statesand England. Virginh America is only planning domestic said spokesmanGareth Edmondson-Jones. "Our focusz is to bring more travel choices and fare competitionto U.S. beginning with flights between San Francisco andNew Edmondson-Jones said. Virgin America has received tentative approval to begin It could start service as soon as this The airline must agree to some changes to its corporatre structure as a final conditionj of approval bythe U.S. Department of Transportation. Virgijn America said it is implementinbgthose changes.
The airline is backed in part by who launched separateairline , which does provide trans-Atlanticf flights. Virgin America is majority ownedby U.S.
Monday, October 31, 2011
Saturday, October 29, 2011
Foundation awards also celebrate KACF itself - Kearney Hub
nadezhdaqedyxos.blogspot.com
Foundation awards also celebrate KACF itself Kearney Hub The Kearney Area Community Foundation's Celebration of Giving event Thursday paid homage to three honorees for their generosity and civic-mindedness. Norris and Lori Marshall, Dr. Joel Johnson, and Builders Warehouse are exemplary community citizens ... |
Thursday, October 27, 2011
Dispute over railroad rules raises hackles - Business First of Columbus:
deeshu-tatum.blogspot.com
One bill has been introduce d in Congress and another may soon be reintroduced that togetherr seek to impose increaseds competition among rail carriers while giving industriakl shippers a regulatory framework that they argue woulc lead to lower prices on many The measures are being fought by the rail which maintains the legislative efforts would creatdemore government-imposed constraints on price, reduciny their profit and slowing infrastructure development and shipping capacity growth in placesz such as Columbus.
“Thered won’t be the resource available to invesy in such things as major intermodal terminalssor double-stack lines or longer passin sidings,” said Tom White, spokesmah for the trade group. “Ir the money is not we can’t invest in them.” But there’s at leasy one major Central Ohio interestg on the other side of thedebatre – AEP executives wouldn’yt comment directly on the debate, but the Columbus utilitt is a member of the . The Washington, D.C.
-base coalition has taken a hard line against the rail industry and positsx that the current rules and system for addressinfg shipper complaints give a handful of major railroacd companies free rein on pricing andservices quality, said Executive Director Bob Szabo. “Rail’x attitude is that you’re lucky we’re here and you’lo pay whatever we say you’ll he said. The result is that such as a coal mine servedc by a single rail line owned by one rail are helpless tocontest prices, Szabo The rules on price but its decisions can take years, cost companiesx millions and put a heavy burdenm of proof on shippers to win a case, he Proponents of the measures hope to make it easied for shippers to argue for lowerf prices, in addition to forcing more competitioj among rail providers.
But the bill’s opponents insist the measurees suggested by Consumers United for Rail Equity woulrd force rail companies to lower pricezs on trainsto out-of-the-way places with littlew access, typically where their costs are That could neutralize the competitiv advantage and benefit of lower prices offeref by robust shipping hubs such as Centra Ohio, said James Seney, who once header the and is now helping to fight the regulatoryh proposals.
“Ohio has a uniqure advantage,” he said, because its numeroud rail lines, cargo transfer hubs, waterways and highways work togetheer to make shipping convenient andcomparatively “If we lose that advantage becausew of government-imposed pricing,” he said, “then what does Ohio have to competre with?” The root of the measures reachexs to the 1970s, when the rail industruy was heavily regulated. Companies back then needed approvak on most price adjustments and infrastructure The restrictions nearly put the railroadsz out of business because they were unable to set prices and adjustg tomarket changes, White said.
But the Staggerse Act in 1980 deregulatedthe industry, allowin g it to consolidate and restore its profitability, he But those seeking the new rules say the consolidatiojn since then into a handful of providersa – each owning its own trackl – has shippers at the mercg of rail. “Really, the current state of rail servicwe is retardingeconomic development,” said Jack Pounds, president of the , a trade group for chemical manufacturers. “But if you are a monopoly, you have very littlwe incentive to worry about detailed service issues for Consumers United for Rail Equity is working for reform ontwo fronts. One is the Railroad Antitrust Enforcemen t Actof 2009.
It seeks to remove rail’ws antitrust exemptions for collective rate-making and wouls enact greater oversight of rail company mergers and Another measure is a planned reintroductionb of a broad bill known in the last session of Congrese as the Railroad Competition and Servicre Improvement Actof 2007. It soughf requirements that some rail providers sharetheir tracks, among other measures aimed at boostingh competition. “And we want to make the rate challengeprocesds better,” Szabo said.
One bill has been introduce d in Congress and another may soon be reintroduced that togetherr seek to impose increaseds competition among rail carriers while giving industriakl shippers a regulatory framework that they argue woulc lead to lower prices on many The measures are being fought by the rail which maintains the legislative efforts would creatdemore government-imposed constraints on price, reduciny their profit and slowing infrastructure development and shipping capacity growth in placesz such as Columbus.
“Thered won’t be the resource available to invesy in such things as major intermodal terminalssor double-stack lines or longer passin sidings,” said Tom White, spokesmah for the trade group. “Ir the money is not we can’t invest in them.” But there’s at leasy one major Central Ohio interestg on the other side of thedebatre – AEP executives wouldn’yt comment directly on the debate, but the Columbus utilitt is a member of the . The Washington, D.C.
-base coalition has taken a hard line against the rail industry and positsx that the current rules and system for addressinfg shipper complaints give a handful of major railroacd companies free rein on pricing andservices quality, said Executive Director Bob Szabo. “Rail’x attitude is that you’re lucky we’re here and you’lo pay whatever we say you’ll he said. The result is that such as a coal mine servedc by a single rail line owned by one rail are helpless tocontest prices, Szabo The rules on price but its decisions can take years, cost companiesx millions and put a heavy burdenm of proof on shippers to win a case, he Proponents of the measures hope to make it easied for shippers to argue for lowerf prices, in addition to forcing more competitioj among rail providers.
But the bill’s opponents insist the measurees suggested by Consumers United for Rail Equity woulrd force rail companies to lower pricezs on trainsto out-of-the-way places with littlew access, typically where their costs are That could neutralize the competitiv advantage and benefit of lower prices offeref by robust shipping hubs such as Centra Ohio, said James Seney, who once header the and is now helping to fight the regulatoryh proposals.
“Ohio has a uniqure advantage,” he said, because its numeroud rail lines, cargo transfer hubs, waterways and highways work togetheer to make shipping convenient andcomparatively “If we lose that advantage becausew of government-imposed pricing,” he said, “then what does Ohio have to competre with?” The root of the measures reachexs to the 1970s, when the rail industruy was heavily regulated. Companies back then needed approvak on most price adjustments and infrastructure The restrictions nearly put the railroadsz out of business because they were unable to set prices and adjustg tomarket changes, White said.
But the Staggerse Act in 1980 deregulatedthe industry, allowin g it to consolidate and restore its profitability, he But those seeking the new rules say the consolidatiojn since then into a handful of providersa – each owning its own trackl – has shippers at the mercg of rail. “Really, the current state of rail servicwe is retardingeconomic development,” said Jack Pounds, president of the , a trade group for chemical manufacturers. “But if you are a monopoly, you have very littlwe incentive to worry about detailed service issues for Consumers United for Rail Equity is working for reform ontwo fronts. One is the Railroad Antitrust Enforcemen t Actof 2009.
It seeks to remove rail’ws antitrust exemptions for collective rate-making and wouls enact greater oversight of rail company mergers and Another measure is a planned reintroductionb of a broad bill known in the last session of Congrese as the Railroad Competition and Servicre Improvement Actof 2007. It soughf requirements that some rail providers sharetheir tracks, among other measures aimed at boostingh competition. “And we want to make the rate challengeprocesds better,” Szabo said.
Tuesday, October 25, 2011
Homex Reports Q3 Revenues Advance 10.3 percent; Operating Efficiencies Reflect ... - MarketWatch (press release)
loxezop.wordpress.com
Homex Reports Q3 Revenues Advance 10.3 percent; Operating Efficiencies Reflect ... MarketWatch (press release) On an accumulated basis for the nine months ended September 30, 2011, total revenue increased 12.5 percent to Ps.15.3 billion (US$1.1 billion) from Ps.13.6 billion (US$1.0 billion) during the same period in 2010. In the third quarter of 2011, ... |
Sunday, October 23, 2011
Aquila Theatre's Ancient Greeks/Modern Lives to Perform at the White House, 11/16 - Broadway World
fixyruw.wordpress.com
Aquila Theatre's Ancient Greeks/Modern Lives to Perform at the White House, 11/16 Broadway World Ancient Greeks/Modern Lives brings veterans together with the public to create a national conversation on what classic Greek works mean to people in America today. Ancient Greek theatre has been described as drama for combat veterans, ... |
Thursday, October 20, 2011
Debt, downturn drag phone-book publisher R.H. Donnelley into Chapter 11 - St. Louis Business Journal:
sunrise-invoices.blogspot.com
The Cary, N.C.-based company said that it has reached an agreementr in principlewith “key creditor key creditor on a reorganization plan that would reduce the company’sx debt by $6.4 billion, eliminating about $500 million in annual interest payments. The Chapter 11 filing punctuates a dramatic fallfor R.H. which had a $5 billion market capitalization inMay 2007. The compant was brought down by twomajor forces: (1) the flight of traditionao Yellow Pages advertisers to the Internet and (2) a staggering debt load of $9 billion, most of which was accumulated through a series of acquisitions when the business was riding high. R.H.
Donnelley publishes the largesyt phone directory forthe 14-state territory of and employas hundreds of people locally. Its Dex Media divisioh used to be ownedby Denver-bases Qwest, but Qwest sold the unit for $7 billionj in 2003 to private equity firme that later sold it to R.H. Donnelley. The recessionh has only added tothe company’s woes, as evidenced by the first-quartef loss of $401.2 million reporter last month by R.H. Donnelley, which said advertising sales slumped17 percent, to $598 million. “Wd just could not have anticipated the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelleyh (Pink Sheets: RHDC) employed 3,800 peoplse nationwide as of March 1, companh spokesman Mike Truell In Colorado, R.H. Donnelley has 700 employees in Englewoode and its offices across theFront Range, down from the 1,109 it employed locally when it bought Dex. it has reduced its work forcre by at least 600 since the Swanson said the company has no planw forfurther layoffs. “It’s business as usua l at R.H. Donnelley today and it will be (in the future),” said who says he expects his companyy to emerge from Chapter 11 inearl 2010.
As CEO sincwe 2002, Swanson was the driving force behind threee acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelley bought larger rivaol Dex Media at a total costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communications for $1.4q1 billion in 2004 and Sprint’s directory publishing businese for $2.23 billion in 2002, his firsgt year as CEO. Asked if his compangy grew too bigtoo fast, Swanson defendecd the acquisitions. Of the Dex deal in he said thathis company’s economic models projectef a decline of 5 percenr in print advertising over five years. If that had held he said, R.H.
Donnelley woulxd have been fine. Instead, the company has been hit with double-digif drops in advertising revenue caused by Internetf competition andthe recession. “I wish it would have turned out differently,” Swanson said. “No one couldr have put this into thei reconomic modeling.” None of R.H. Donnelley’s bondholder s have requested any management Swanson said. R.H. Donnelley has tried to remake itsel f in recent months into a provider of online locaplsearch – in other words into a businesds like the ones that have siphoned off much of its advertisiny base. But the debt provedx too much to overcomes withoutcreditor protection. In its filing with the U.
S. Bankruptcgy Court for the Districtof R.H. Donnelley lists assets of $12.1 billion and liabilitiea of $12.9 billion. The company plans to exchange its $6 billioh in unsecured bonds for 100 percent of the equity inthe R.H. Donnelle y that emerges from bankruptcy. All existinbg shares in the company will bewiped out. The companyt also will pay off morethan $400 millionb in debt before the companty emerges from bankruptcy, Chief Financial Officer Stevse Blondy said. The new R.H. Donnelley will have $3 billionj in debt, Swanson said. R.H.
Donnelley said that it does not anticipatee needing toget debtor-in-possession financing because the company’sx $300 million cash on hand and projecteed positive cash flow from operations should be sufficient to fund the busines s during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. began publishing a phonre directory three timesa year. In 1961, the compan y was merged with Dun & After an expansion R. H. Donnelley was spun out of Dun & Bradstreeg in 1996 into an independengt publiclytraded entity. R.H. Donnelley movedr its headquarters to Caryfrom Purchase, in early 2004. Nortj Carolina awarded the companya $4.
3 million Job Development Investment Grangt in 2003 to make the move to the The company considered locations in Wake and Durhan counties before settling on Cary in a decision that won incentivew from Wake County Economic Development and the
The Cary, N.C.-based company said that it has reached an agreementr in principlewith “key creditor key creditor on a reorganization plan that would reduce the company’sx debt by $6.4 billion, eliminating about $500 million in annual interest payments. The Chapter 11 filing punctuates a dramatic fallfor R.H. which had a $5 billion market capitalization inMay 2007. The compant was brought down by twomajor forces: (1) the flight of traditionao Yellow Pages advertisers to the Internet and (2) a staggering debt load of $9 billion, most of which was accumulated through a series of acquisitions when the business was riding high. R.H.
Donnelley publishes the largesyt phone directory forthe 14-state territory of and employas hundreds of people locally. Its Dex Media divisioh used to be ownedby Denver-bases Qwest, but Qwest sold the unit for $7 billionj in 2003 to private equity firme that later sold it to R.H. Donnelley. The recessionh has only added tothe company’s woes, as evidenced by the first-quartef loss of $401.2 million reporter last month by R.H. Donnelley, which said advertising sales slumped17 percent, to $598 million. “Wd just could not have anticipated the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelleyh (Pink Sheets: RHDC) employed 3,800 peoplse nationwide as of March 1, companh spokesman Mike Truell In Colorado, R.H. Donnelley has 700 employees in Englewoode and its offices across theFront Range, down from the 1,109 it employed locally when it bought Dex. it has reduced its work forcre by at least 600 since the Swanson said the company has no planw forfurther layoffs. “It’s business as usua l at R.H. Donnelley today and it will be (in the future),” said who says he expects his companyy to emerge from Chapter 11 inearl 2010.
As CEO sincwe 2002, Swanson was the driving force behind threee acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelley bought larger rivaol Dex Media at a total costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communications for $1.4q1 billion in 2004 and Sprint’s directory publishing businese for $2.23 billion in 2002, his firsgt year as CEO. Asked if his compangy grew too bigtoo fast, Swanson defendecd the acquisitions. Of the Dex deal in he said thathis company’s economic models projectef a decline of 5 percenr in print advertising over five years. If that had held he said, R.H.
Donnelley woulxd have been fine. Instead, the company has been hit with double-digif drops in advertising revenue caused by Internetf competition andthe recession. “I wish it would have turned out differently,” Swanson said. “No one couldr have put this into thei reconomic modeling.” None of R.H. Donnelley’s bondholder s have requested any management Swanson said. R.H. Donnelley has tried to remake itsel f in recent months into a provider of online locaplsearch – in other words into a businesds like the ones that have siphoned off much of its advertisiny base. But the debt provedx too much to overcomes withoutcreditor protection. In its filing with the U.
S. Bankruptcgy Court for the Districtof R.H. Donnelley lists assets of $12.1 billion and liabilitiea of $12.9 billion. The company plans to exchange its $6 billioh in unsecured bonds for 100 percent of the equity inthe R.H. Donnelle y that emerges from bankruptcy. All existinbg shares in the company will bewiped out. The companyt also will pay off morethan $400 millionb in debt before the companty emerges from bankruptcy, Chief Financial Officer Stevse Blondy said. The new R.H. Donnelley will have $3 billionj in debt, Swanson said. R.H.
Donnelley said that it does not anticipatee needing toget debtor-in-possession financing because the company’sx $300 million cash on hand and projecteed positive cash flow from operations should be sufficient to fund the busines s during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. began publishing a phonre directory three timesa year. In 1961, the compan y was merged with Dun & After an expansion R. H. Donnelley was spun out of Dun & Bradstreeg in 1996 into an independengt publiclytraded entity. R.H. Donnelley movedr its headquarters to Caryfrom Purchase, in early 2004. Nortj Carolina awarded the companya $4.
3 million Job Development Investment Grangt in 2003 to make the move to the The company considered locations in Wake and Durhan counties before settling on Cary in a decision that won incentivew from Wake County Economic Development and the
Tuesday, October 18, 2011
Developer Jury proposes $350M convention hotel in Kansas City - Kansas City Business Journal:
vilyfijohy.wordpress.com
Ron Jury, who completed the $46 millioh President Hotel project across Baltimore from the Power Light Building in said Friday that he is involvesd in a new development partnershio that contracted early this year to buy the Power Light Building and adjoining vacant The partnership, , also includes of San Antonio, Jury It hopes to close “yet this year” on the site, whichu includes everything but the Crowne Plaz hotel in the block bounded by 13th and 14th Baltimore Avenue and Wyandotte Street, he The site is owned by Details of Power Tower’zs contract with Gailoyd were not but Jury said the plan is not entirely dependent on privatd ownership and financing.
According to Jury’s plan, Power Tower would own the Power Light Building, a 31-story art-deco landmarkm completed in 1931. The city, which is studying options for addinga 1,000-room downtown conventiomn hotel, would own a new 36-story towef to be built just west of the Powerf & Light Building, a five- or six-story building north of the Power & Light Building that wouldc contain retail space, ballrooms and meetintg rooms, and an 1,121-space parking garage under the new The twin 30-plus-story towers would include hotepl rooms on all floors above and includinh their ninth floors, for a total of 1,017.
The lowet floors of the towers would includsa spa, fitness center, administrative offices, reception auditorium, retail, restaurants and meetinh space. Several other developers are expectecd to seekthe city’s selection of their proposed downtow hotel sites. But if the Poweer & Light site wins the competition anda public-private financing plan is Jury said, his 1.35 million-square-foot projecy would be completed by 2013. Located next to the the Power & Light site is “the perfecyt location for a convenient, attractive and interesting hotel,” Jury said. With construction prices reduced because of the the time for planning the projectis too, Jury said.
“The originall P&L Building was built in a recessiojn and was the economic stimulus tolift K.C. Jury said in a written release. “It is time for the buildinf to do it agaih with a newconvention hotel.” He said the hotel wouldx create more than 800 constructio jobs for three years and more than 700 full-timre jobs on a permanent basis. Gailoyf previously retained LLC asa for-fee developerr for a project that envisionedc a 15-story office building and an 18-storyu garage, retail and residential tower next to the Powedr & Light Building. That project received approvalpfor $24.2 million worth of tax incremenf financing but never got off the ground.
Jury said the privatel owned portion of his project would be eligible for statw and federal historic tax credits to help finance the renovation of thePower & Light has been selected as the general contractor for the and the design team include Dallas-based , Pendulum Studio LLC of Kansas City and , which is a tenant of the Power & Lighgt Building.
Ron Jury, who completed the $46 millioh President Hotel project across Baltimore from the Power Light Building in said Friday that he is involvesd in a new development partnershio that contracted early this year to buy the Power Light Building and adjoining vacant The partnership, , also includes of San Antonio, Jury It hopes to close “yet this year” on the site, whichu includes everything but the Crowne Plaz hotel in the block bounded by 13th and 14th Baltimore Avenue and Wyandotte Street, he The site is owned by Details of Power Tower’zs contract with Gailoyd were not but Jury said the plan is not entirely dependent on privatd ownership and financing.
According to Jury’s plan, Power Tower would own the Power Light Building, a 31-story art-deco landmarkm completed in 1931. The city, which is studying options for addinga 1,000-room downtown conventiomn hotel, would own a new 36-story towef to be built just west of the Powerf & Light Building, a five- or six-story building north of the Power & Light Building that wouldc contain retail space, ballrooms and meetintg rooms, and an 1,121-space parking garage under the new The twin 30-plus-story towers would include hotepl rooms on all floors above and includinh their ninth floors, for a total of 1,017.
The lowet floors of the towers would includsa spa, fitness center, administrative offices, reception auditorium, retail, restaurants and meetinh space. Several other developers are expectecd to seekthe city’s selection of their proposed downtow hotel sites. But if the Poweer & Light site wins the competition anda public-private financing plan is Jury said, his 1.35 million-square-foot projecy would be completed by 2013. Located next to the the Power & Light site is “the perfecyt location for a convenient, attractive and interesting hotel,” Jury said. With construction prices reduced because of the the time for planning the projectis too, Jury said.
“The originall P&L Building was built in a recessiojn and was the economic stimulus tolift K.C. Jury said in a written release. “It is time for the buildinf to do it agaih with a newconvention hotel.” He said the hotel wouldx create more than 800 constructio jobs for three years and more than 700 full-timre jobs on a permanent basis. Gailoyf previously retained LLC asa for-fee developerr for a project that envisionedc a 15-story office building and an 18-storyu garage, retail and residential tower next to the Powedr & Light Building. That project received approvalpfor $24.2 million worth of tax incremenf financing but never got off the ground.
Jury said the privatel owned portion of his project would be eligible for statw and federal historic tax credits to help finance the renovation of thePower & Light has been selected as the general contractor for the and the design team include Dallas-based , Pendulum Studio LLC of Kansas City and , which is a tenant of the Power & Lighgt Building.
Sunday, October 16, 2011
New Vine Logistics situation gets murkier - San Francisco Business Times:
callahamirykaan1884.blogspot.com
“For us to disclose any informatio n aboutthe buyer, New Vine’s board would have to acceptf or reject an offer,” New Vine spokeswomam Charlotte Milan told the San Francisco Businesss Times , adding that no further informatiom about New Vine’s negotiations with two or three potentiak buyers is likely to be available June 4. Late Wednesdahy and very earlyThursday morning, informec sources told the Business Timews that 1-800-Flowers.
com appeared set to win the sweepstakees to buy the broken piecex of New Vine, which startled the wine industry late last week by abruptly suspending As of early Thursday an announcement of a deal with 1-800-Flowers, whicg owns the Wine Tastin g Network Services shipping company, appeared to be imminent. But that deal brokd down sometime in thewee hours, leavinf New Vine’s future uncertain.
Wine Tasting Network, accordingg to its LinkedIn profile, provides winery and wine club direcfmarketing services, as well as fulfillment and e-commercs services to wineries and wine Officials at WTN did not immediately respon d to requests for comment, but many in the industry see WTN as the most logica l player to pick up some of New Vine’s New Vine, which two yeare ago seemed poised to ship 20 percenr of California’s direct-to-consumer wine market, laid off much of its staftf on Friday and brusquely told customers over the weekenc that it was no longer receiving or processin orders.
The move left many Wine Countryu providers scrambling to gather information and to figure out how to get back inventorgy atNew Vine’s American Canyon warehouse so they could ship it to customerzs another way. Published accounts said some ofthe company’s venture capita investors effectively pulled the plug last week, by declining to investg additional capital in New “Some people changed their minds at the last said Barbara Insel, a wine industry analyst who has servec on New Vine’s advisory Kathleen Hoertkorn, New Vine Logistics’ founder and formee CEO, and Chairman of the Board Homet Dunn said Tuesday that New Vine is workinyg with customers “to transfer all services to another meanes of legal direct and in the is finalizing all including compiling of reports, reconciling inventorgy and invoices, and performing all of the necessaru business operations for the month (sic) of May and Hoertkorn added, in response to reportsx that the company knew or must have known it was in financial trouble, that officialsa “truly believed that they would have been fundedc and were not expecting to have to cease The company had more than 200 customers and roughlu 110 employees as of last Friday, sources say.
It now has a skeletoj crew of about 30 staffers at its Napa headquartera and American Canyonshipping facility, includintg a handful of executives who are workin g to wind down operations. New Vine was started in 2001 on the notion that it could help expedite shipments to consumera in various states with confusing and complicated lega restrictions onwine shipments, a lingerinvg legacy of the Prohibition years in America. Financial backerw include Menlo Park’s , Altos Ventures, and San Francisco’sz LLC, which reportedly pulled its people out ofNew Vine’s offices late last Thursday.
“For us to disclose any informatio n aboutthe buyer, New Vine’s board would have to acceptf or reject an offer,” New Vine spokeswomam Charlotte Milan told the San Francisco Businesss Times , adding that no further informatiom about New Vine’s negotiations with two or three potentiak buyers is likely to be available June 4. Late Wednesdahy and very earlyThursday morning, informec sources told the Business Timews that 1-800-Flowers.
com appeared set to win the sweepstakees to buy the broken piecex of New Vine, which startled the wine industry late last week by abruptly suspending As of early Thursday an announcement of a deal with 1-800-Flowers, whicg owns the Wine Tastin g Network Services shipping company, appeared to be imminent. But that deal brokd down sometime in thewee hours, leavinf New Vine’s future uncertain.
Wine Tasting Network, accordingg to its LinkedIn profile, provides winery and wine club direcfmarketing services, as well as fulfillment and e-commercs services to wineries and wine Officials at WTN did not immediately respon d to requests for comment, but many in the industry see WTN as the most logica l player to pick up some of New Vine’s New Vine, which two yeare ago seemed poised to ship 20 percenr of California’s direct-to-consumer wine market, laid off much of its staftf on Friday and brusquely told customers over the weekenc that it was no longer receiving or processin orders.
The move left many Wine Countryu providers scrambling to gather information and to figure out how to get back inventorgy atNew Vine’s American Canyon warehouse so they could ship it to customerzs another way. Published accounts said some ofthe company’s venture capita investors effectively pulled the plug last week, by declining to investg additional capital in New “Some people changed their minds at the last said Barbara Insel, a wine industry analyst who has servec on New Vine’s advisory Kathleen Hoertkorn, New Vine Logistics’ founder and formee CEO, and Chairman of the Board Homet Dunn said Tuesday that New Vine is workinyg with customers “to transfer all services to another meanes of legal direct and in the is finalizing all including compiling of reports, reconciling inventorgy and invoices, and performing all of the necessaru business operations for the month (sic) of May and Hoertkorn added, in response to reportsx that the company knew or must have known it was in financial trouble, that officialsa “truly believed that they would have been fundedc and were not expecting to have to cease The company had more than 200 customers and roughlu 110 employees as of last Friday, sources say.
It now has a skeletoj crew of about 30 staffers at its Napa headquartera and American Canyonshipping facility, includintg a handful of executives who are workin g to wind down operations. New Vine was started in 2001 on the notion that it could help expedite shipments to consumera in various states with confusing and complicated lega restrictions onwine shipments, a lingerinvg legacy of the Prohibition years in America. Financial backerw include Menlo Park’s , Altos Ventures, and San Francisco’sz LLC, which reportedly pulled its people out ofNew Vine’s offices late last Thursday.
Friday, October 14, 2011
Ireland can't afford to miss targets - OECD - RTE.ie
ykyhola.blogspot.com
Ireland can't afford to miss targets - OECD RTE.ie In its latest report on Ireland, the OECD says that, to regain market confidence, Ireland cannot afford to miss targets set in the EU-IMF programme. It says if the economy is growing sufficiently strongly "the authorities should reduce the deficit ... |
Wednesday, October 12, 2011
Solar Array, Gen. Mills detail expansions - Tampa Bay Business Journal:
vlastaowibopaj.blogspot.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, general manager of the local told members of . AED held its quarterly meetintg Thursdayat . Joe Hudgins, presidentt and CEO of Solar Array outlinedhis company’s plan to build a massived solar manufacturing plant on the city’s General Mills’ expansion should be completec by November, Bone said. The cereal manufacturer will hire 60additionalk employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spendinvg to New Mexico.
The Albuquerque City Council approvea $100 million industrial revenue bond deal for the company in February. BE&K Corp. from North Carolina landed the design/build contract to builds the expansion, but Bone said 80 percent of the firm’x spending and employees will be The precast panels being used in the constructionb are manufacturedin Belen. General Mills has been in Albuquerquesince 1991. Its currenrt facility is located near Paseo del Norte and Edith and has190 employees, with an annuao payroll of $12 million, said The 275,000-square-foot plant produces about 135 million pounds annuallu of 35 different cereals.
The facilit also has a lab on-sitre where the instructions for baking Generaol Mills products at high altitudes are The company has givenabout $5 milliom to area nonprofits since 1998 and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donations illustrate one of the things the organizatio n looks for inrecruiting companies: community Hudgins said Solar Array planx to break ground by the third quartet of this year on a 225,000-square-foot thin-filmm photovoltaic manufacturing plant in the Corderl Mesa business park, west of the mattressd factory.
The company plans to add threde more buildings of that size asit grows, he with each facility employing about 225. Its annuap payroll in the first phase wouldbe $14 About five percent of the jobs woul d pay $100,000, 45 percent would pay $70,000 and half of the jobs woulde pay $45,000. The capital investment for the first phas willbe $170 million and the company wouldf spend $40 million annually for raw materials. The firstt phase is expected to have a capacity of 75 but that would grow to 300 mw with thefull buildout. The plany also will have a space that will serve as a communitg andeducational center.
Solar Array is seekintg $175 million in industrial revenue bonds fromBernalillo County. The compant is working to raise $210 millioh in debt and equity, Hudgins Hudgins said New Mexico beat out two othe r states for the despite the fact that it did not offer thelargesy incentives. But the coordination among local and state governmen officials and other parties made New Mexico far more efficienrt in establishing a planning framework that the company could then use to plan a budgegt forthe plant, he said “That was a major issue for Hudgins said. He also praised the labor force here and theeducationakl institutions.
The facility is being designed byPageSoutherlandPagee LLP, which has Texas offices in Austin, Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, baserd in Portland, Ore., is building the
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, general manager of the local told members of . AED held its quarterly meetintg Thursdayat . Joe Hudgins, presidentt and CEO of Solar Array outlinedhis company’s plan to build a massived solar manufacturing plant on the city’s General Mills’ expansion should be completec by November, Bone said. The cereal manufacturer will hire 60additionalk employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spendinvg to New Mexico.
The Albuquerque City Council approvea $100 million industrial revenue bond deal for the company in February. BE&K Corp. from North Carolina landed the design/build contract to builds the expansion, but Bone said 80 percent of the firm’x spending and employees will be The precast panels being used in the constructionb are manufacturedin Belen. General Mills has been in Albuquerquesince 1991. Its currenrt facility is located near Paseo del Norte and Edith and has190 employees, with an annuao payroll of $12 million, said The 275,000-square-foot plant produces about 135 million pounds annuallu of 35 different cereals.
The facilit also has a lab on-sitre where the instructions for baking Generaol Mills products at high altitudes are The company has givenabout $5 milliom to area nonprofits since 1998 and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donations illustrate one of the things the organizatio n looks for inrecruiting companies: community Hudgins said Solar Array planx to break ground by the third quartet of this year on a 225,000-square-foot thin-filmm photovoltaic manufacturing plant in the Corderl Mesa business park, west of the mattressd factory.
The company plans to add threde more buildings of that size asit grows, he with each facility employing about 225. Its annuap payroll in the first phase wouldbe $14 About five percent of the jobs woul d pay $100,000, 45 percent would pay $70,000 and half of the jobs woulde pay $45,000. The capital investment for the first phas willbe $170 million and the company wouldf spend $40 million annually for raw materials. The firstt phase is expected to have a capacity of 75 but that would grow to 300 mw with thefull buildout. The plany also will have a space that will serve as a communitg andeducational center.
Solar Array is seekintg $175 million in industrial revenue bonds fromBernalillo County. The compant is working to raise $210 millioh in debt and equity, Hudgins Hudgins said New Mexico beat out two othe r states for the despite the fact that it did not offer thelargesy incentives. But the coordination among local and state governmen officials and other parties made New Mexico far more efficienrt in establishing a planning framework that the company could then use to plan a budgegt forthe plant, he said “That was a major issue for Hudgins said. He also praised the labor force here and theeducationakl institutions.
The facility is being designed byPageSoutherlandPagee LLP, which has Texas offices in Austin, Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, baserd in Portland, Ore., is building the
Monday, October 10, 2011
New Cousins CEO Gellerstedt gets raise - Dayton Business Journal:
vuwodu.wordpress.com
Gellerstedt's base salary was increased from $375,00 0 to $500,000, his target annual incentive cash bonus award was increasedsto $525,000 and his target long-term equity incentive award was increased to the filing shows. The 2009 cash bonux and equityincentive award, if earned, are expectefd to be awarded by the company'sw Compensation, Succession, Nominating and Governance Committed in February 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salart of $650,000 and had $2.6 milliomn in total compensationfor 2008, according to a proxhy filing. Gellerstedt, 53, came to Cousinas (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedt served as chairman and CEO of the BeerzConstruction Co. from 1986 to 1998. In 1998, after the sale of Beers to Skanska USA, he was elected chairman and CEO of AmericahBusiness Products, a packaging and printed office productes company. In 2000, Gellerstedt became president and chie f operating officer of The Integral anurban mixed-use development company. He went on to foundf The Gellerstedt Groupin 2003.
Gellerstedt's base salary was increased from $375,00 0 to $500,000, his target annual incentive cash bonus award was increasedsto $525,000 and his target long-term equity incentive award was increased to the filing shows. The 2009 cash bonux and equityincentive award, if earned, are expectefd to be awarded by the company'sw Compensation, Succession, Nominating and Governance Committed in February 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salart of $650,000 and had $2.6 milliomn in total compensationfor 2008, according to a proxhy filing. Gellerstedt, 53, came to Cousinas (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedt served as chairman and CEO of the BeerzConstruction Co. from 1986 to 1998. In 1998, after the sale of Beers to Skanska USA, he was elected chairman and CEO of AmericahBusiness Products, a packaging and printed office productes company. In 2000, Gellerstedt became president and chie f operating officer of The Integral anurban mixed-use development company. He went on to foundf The Gellerstedt Groupin 2003.
Friday, October 7, 2011
Florida posts small gain in online ads - Business First of Columbus:
http://best-go.org/?f=3&n=11
Since January, online labor demand has fallemn 71,000, but that’s a significan improvement overthe 1.2 millioj decline in the previous five months between Augusyt 2008 and January 2009. "We are not out of the woodws yet, but job demand has definitely stabilizedsincer January," Gad Levanon, senior economist at The Conferencw Board, said in a news The number of advertised vacancies fell in June in all four regionzs of the country ranging from a modest drop of 3,400 in the Southern region to 18,10p0 in the Northeast, 13,400 in the Midwest and 10,30p in the West. Florida, which reported a 10.
2 percentf unemployment rate in May, experiencee a sizeable gain, 9,200, and was followerd by Georgia (2,900), North Carolina (900) and Virginiq (100), according to the report. Nationally, computer and mathematicalo science saw the greatest decline in down 19,900, followed by sales (-11,700), healtyh practitioners and technical occupations (-10,400) and architecture and engineering Some areas that saw growth were in art, entertainment, sports and media, which posteed 98,200 advertised vacancies in June. The numbe of unemployed exceeded the number of advertised vacancies in all of the 52 metrol areas for which information isreported Washington, D.C.
and Salt Lake City were the locations with the mostfavorabld supply/demand rates, where the number of unemployexd looking for work was only slightly larger than the numbeer of advertised vacancies. But, metro areas where the respective number of unemployed is substantially aboved the number of online advertised vacanciesdinclude Miami, where there are three jobs for everuy five people looking, according to the
Since January, online labor demand has fallemn 71,000, but that’s a significan improvement overthe 1.2 millioj decline in the previous five months between Augusyt 2008 and January 2009. "We are not out of the woodws yet, but job demand has definitely stabilizedsincer January," Gad Levanon, senior economist at The Conferencw Board, said in a news The number of advertised vacancies fell in June in all four regionzs of the country ranging from a modest drop of 3,400 in the Southern region to 18,10p0 in the Northeast, 13,400 in the Midwest and 10,30p in the West. Florida, which reported a 10.
2 percentf unemployment rate in May, experiencee a sizeable gain, 9,200, and was followerd by Georgia (2,900), North Carolina (900) and Virginiq (100), according to the report. Nationally, computer and mathematicalo science saw the greatest decline in down 19,900, followed by sales (-11,700), healtyh practitioners and technical occupations (-10,400) and architecture and engineering Some areas that saw growth were in art, entertainment, sports and media, which posteed 98,200 advertised vacancies in June. The numbe of unemployed exceeded the number of advertised vacancies in all of the 52 metrol areas for which information isreported Washington, D.C.
and Salt Lake City were the locations with the mostfavorabld supply/demand rates, where the number of unemployexd looking for work was only slightly larger than the numbeer of advertised vacancies. But, metro areas where the respective number of unemployed is substantially aboved the number of online advertised vacanciesdinclude Miami, where there are three jobs for everuy five people looking, according to the
Wednesday, October 5, 2011
MLK Memorial quote concerns Interior Secretary Ken Salazar - Washington Post (blog)
http://www.lamontanita.org/genealtered.htm
ABC News (blog) | MLK Memorial quote concerns Interior Secretary Ken Salazar Washington Post (blog) By Ed O'Keefe The Martin Luther King Jr. Memorial has come under some criticism. (Nikki Kahn - THE WASHINGTON POST) Interior Secretary Ken Salazar says he is concerned about the controversy surrounding a quote carved into the Martin Luther King Jr. ... Interior secretary: MLK Memorial misquote 'an area of concern' (VIDEO) Salazar: MLK Memorial Misquote 'An Area of Concern' |
Monday, October 3, 2011
Decline and recovery of coral reefs linked to 700 years of human and ... - EurekAlert (press release)
otomaqaqaba.blogspot.com
Decline and recovery of coral reefs linked to 700 years of human and ... EurekAlert (press release) STONY BROOK, NY and STANFORD, Calif., Oct. 3, 2011รข€"Changing human activities coupled with a dynamic environment over the past few centuries have caused fluctuating periods of decline and recovery of corals reefs in the Hawaiian Islands, according to a ... |
Saturday, October 1, 2011
CPM revisiting ideological stand to stay afloat - Times of India
framptongeqeaqu1461.blogspot.com
India Today | CPM revisiting ideological stand to stay afloat Times of India NEW DELHI: Faced with the growing criticism that its ideological position on various issues needs to be revisited, the CPM has set out to work on a resolution that would be adopted by the party Congress next year. The two-day politburo meeting has ... CPM deliberates on ideology in changed times Buddha 'defiance' has CPM worried 20 years on, CPM wakes up again |
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