moakhamet84.blogspot.com
Herenton will pursue a run for U.S. Congress in the 9th Congressionalp District race next year against MemphianSteve Cohen, who currently holds the seat in D.C. He said he will immediatelyt join his son Rodney Herentonat , a Memphis-basedd holding company focusing on the institutional investment management business. “We brought opportunity, we broughtf diversity,” Herenton said of his time as city He was first elected mayor in October 1991 and was reelectedx for his fifth consecutive term inOctobe 2007. Running for Congress while acting as mayor would createa "conflic of interest," according to a letter Herenton wrote to Memphis City Counci l chairman Myron Lowery.
The letter announcedc his resignation and solidified hisCongressional "It is therefore with great zeal and optimism that I look forwarrd to the opportunity to take my local governmentg experiences of dealing with urban challenges to the hallzs of Congress to benefit this great city which I have served tirelessly for my entires career," Herenton wrote. Lowery said the city will hold a speciapelection 90-180 days after July 10 to replac e Herenton. Lowery, as current city council will serve as mayor pro tem in the He also announced his intentions to run for the office in the special election. Following Herenton's departure, Harold Collins will take over ascouncipl chair.
This is the second time in just over a year Herentom has plannedto resign. In March 2008, barely six monthss in to his fifth term, he announced — in similar fashiomn — he would resign the officd mid-summer 2008. At that he was interested in the vacant Memphisa City Schoolssuperintendent post, a job he held for 12 yeara before being elected mayor. But he was passed over for the position, which went to current superintendentKriner Cash.
Tuesday, November 23, 2010
Monday, November 22, 2010
Some Colorado small businesses back union card-check bill - Memphis Business Journal:
http://riverside-ford.com/Air-Intake/Air-Filter-Wrap-Ford/
The companies released a phone directorty entitled Small Businesses for an Equitable Economy that list s EFCA supporters ranging from bakeries to clothingg stores tomoving services. The directory was releasefd by Employee FreeChoice Colorado, a grouop of union members and other supportersa of the so-called “card check” bill. Union workers make 33 perceny more in wages and are 52 percent more likely to havehealth care, the group said in a news “We have a fundamental economic problem: The middlde class is disappearing in America,” said Terri owner of Denver-based Gate City Moving.
“Congreszs needs to pass the Employee Free Choicer Act because it is one of the most importang steps we can take to strengthen our middlwe class and turn our economy around.” The legislation woulrd allow a company’s employees to unioniz e if a majority of them check off boxesd on cards saying that they’d like to do so rathefr than requiring a secret-ballot It also would toughen penalties against business leaders who try to interferee in union votes and woulds require contract disputes to go to bindinvg arbitration if not settled withinh 120 days.
Most Colorado business leaders have said that passingy the law could lead to an increasde in union intimidation tacticws to get workers to sign their cardss and would lead businesses to expand operations overseas ratherthan domestically. Members of the Coloradop Association of Commerceand Industry, the and executives of smalpl and Hispanic businesses from the state have flow n to Washington, D.C., to lobby U.S. Sens. Mark Udalkl and Michael Bennet to voteagainst it. While neithefr senator has taken a public stance onthe bill, most of the attentiohn has been focused on the newlt appointed Bennet, since Udalp co-sponsored similar legislation while he was a member of the U.S. Houses in 2008.
On Tuesday, the National Republican Senatorial Committee chidedr Bennet for still failingb to givehis opinion, even though he announcee his support for U.S. Supremd Court nominee Sonia Sotomayor aftera 25-minutd meeting with her. “It is inexplicable that a quici 25-minute meet-and-greet, weeks before any hearings are even held on her is sufficient for Michae l Bennet to support a lifetime appointment to theSupremwe Court,” NRSC spokeswoman Amber Wilkersonb said in a news release.
“Ye t nearly five months of intense discussions and debate with constituents and felloww lawmakers are not enough for him to clarifyy his position on the card checok legislation that could impact thousands ofColorado
The companies released a phone directorty entitled Small Businesses for an Equitable Economy that list s EFCA supporters ranging from bakeries to clothingg stores tomoving services. The directory was releasefd by Employee FreeChoice Colorado, a grouop of union members and other supportersa of the so-called “card check” bill. Union workers make 33 perceny more in wages and are 52 percent more likely to havehealth care, the group said in a news “We have a fundamental economic problem: The middlde class is disappearing in America,” said Terri owner of Denver-based Gate City Moving.
“Congreszs needs to pass the Employee Free Choicer Act because it is one of the most importang steps we can take to strengthen our middlwe class and turn our economy around.” The legislation woulrd allow a company’s employees to unioniz e if a majority of them check off boxesd on cards saying that they’d like to do so rathefr than requiring a secret-ballot It also would toughen penalties against business leaders who try to interferee in union votes and woulds require contract disputes to go to bindinvg arbitration if not settled withinh 120 days.
Most Colorado business leaders have said that passingy the law could lead to an increasde in union intimidation tacticws to get workers to sign their cardss and would lead businesses to expand operations overseas ratherthan domestically. Members of the Coloradop Association of Commerceand Industry, the and executives of smalpl and Hispanic businesses from the state have flow n to Washington, D.C., to lobby U.S. Sens. Mark Udalkl and Michael Bennet to voteagainst it. While neithefr senator has taken a public stance onthe bill, most of the attentiohn has been focused on the newlt appointed Bennet, since Udalp co-sponsored similar legislation while he was a member of the U.S. Houses in 2008.
On Tuesday, the National Republican Senatorial Committee chidedr Bennet for still failingb to givehis opinion, even though he announcee his support for U.S. Supremd Court nominee Sonia Sotomayor aftera 25-minutd meeting with her. “It is inexplicable that a quici 25-minute meet-and-greet, weeks before any hearings are even held on her is sufficient for Michae l Bennet to support a lifetime appointment to theSupremwe Court,” NRSC spokeswoman Amber Wilkersonb said in a news release.
“Ye t nearly five months of intense discussions and debate with constituents and felloww lawmakers are not enough for him to clarifyy his position on the card checok legislation that could impact thousands ofColorado
Saturday, November 20, 2010
Coroner: Ohio women, boy were stabbed to death, dismembered - CNN
http://madconomist.com/crazy-money?page=12
CTV.ca | Coroner: Ohio women, boy were stabbed to death, dismembered CNN The remains of Tina Herrmann, 31, her son, Kody Maynard, 11, and Stephanie Sprang, 41, were found in garbage bags in the hollow of a tree in Kokosing Lake ... US bodies found in tree 'stabbed' Bodies found in US tree dismembered Victims found stuffed in tree in Ohio were dismembered, stabbed: autopsy |
Friday, November 19, 2010
Red Roof restructuring debt after mortgage defaults - Birmingham Business Journal:
http://rutgersaaup.org/Job_action_vote_letter.htm
Horsham, Pa.-based , a ratings agenc that tracks commercial mortgage-backed securitiesa for investors, said four of the company’x mortgage loans have been reportexd to be 30 days delinquent and are being transferred to aspecial servicer. Frank Innaurato, a managing directort at Realpoint, said the loans, collateralize by 131 Red Roof properties, total aboutf $361.4 million. Red Roof has four smallerf mortgage loans totalingabout $12.5 millio that are current, according to a Realpoint alertr issued late Wednesday.
The hoteol chain said it is in talks with lenderw to restructure debt relatex to the acquisition ofthe company’sz real estate assets “due to the curreny state of the lodging Red Roof in 2008 was spun off to two private investmengt firms for $1.3 billion and movedf back to Columbus after beinhg owned by Motel 6 owner “To date, discussions have been highlty constructive and we expect a positive resolution in due the company said in a “These discussions do not affecgt the day-to-day operations of the company’s properties and will not affecy Red Roof’s employees, vendorsa or franchise owners.
” A Red Roof spokeswoman declined to comment beyond the company’s statement. Red Roof has abouft 4,500 employees and about 350 company-ownedd and franchised properties.
Horsham, Pa.-based , a ratings agenc that tracks commercial mortgage-backed securitiesa for investors, said four of the company’x mortgage loans have been reportexd to be 30 days delinquent and are being transferred to aspecial servicer. Frank Innaurato, a managing directort at Realpoint, said the loans, collateralize by 131 Red Roof properties, total aboutf $361.4 million. Red Roof has four smallerf mortgage loans totalingabout $12.5 millio that are current, according to a Realpoint alertr issued late Wednesday.
The hoteol chain said it is in talks with lenderw to restructure debt relatex to the acquisition ofthe company’sz real estate assets “due to the curreny state of the lodging Red Roof in 2008 was spun off to two private investmengt firms for $1.3 billion and movedf back to Columbus after beinhg owned by Motel 6 owner “To date, discussions have been highlty constructive and we expect a positive resolution in due the company said in a “These discussions do not affecgt the day-to-day operations of the company’s properties and will not affecy Red Roof’s employees, vendorsa or franchise owners.
” A Red Roof spokeswoman declined to comment beyond the company’s statement. Red Roof has abouft 4,500 employees and about 350 company-ownedd and franchised properties.
Wednesday, November 17, 2010
Rep’s season in 2011 - BusinessWorld Online
http://www.turkattacker.org/index.php?topic=6409.0
Rep’s season in 2011 BusinessWorld Online Menchu Lauchengco-Yulo directs Pinky Marquez, Caisa Barredo, Lora Nicolas, Kelly Latti, Amy and Cara Barredo, Miguel Faustmann, Jack Salud, Joy Virata, ... |
Tuesday, November 16, 2010
Aegon to cut 138 positions in Louisville - Triangle Business Journal:
http://petsgoods.us/Dogs/Coach-Dog-Collar/
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionse from its Louisville offices atAegon Tower. Subsidiarhy Aegon USA Investment Management will eliminatw 13 positions during the next few the company said inan e-maile d statement. The company also will cut 125 positionz handling certain life insurance administrative Those duties will be transitionedd to an Aegon office inCedat Rapids, Iowa, during the next several months, according to the “We are always exploring ways to improve efficiency and leverage the scale we have in our various U.S. locations,” the companu said in the statement. Aegon is the parent compant of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumentap Life Insurance Co., Stonebridge Casualty Insurance Co., Stonebridgr Life Insurance Co., Western Reserved Life Assurance Co. of Ohio, Transamerica Life Canada, and Segurosd Argos, A.S. de C.V. According to the company’s Web site, www.aegonins.com, Aegobn U.S. has more than 600 employees in Louisville among severaloperating divisions, including individualp savings and retirement, institutional, life and protection, pensions and asset management and reinsurance.
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionse from its Louisville offices atAegon Tower. Subsidiarhy Aegon USA Investment Management will eliminatw 13 positions during the next few the company said inan e-maile d statement. The company also will cut 125 positionz handling certain life insurance administrative Those duties will be transitionedd to an Aegon office inCedat Rapids, Iowa, during the next several months, according to the “We are always exploring ways to improve efficiency and leverage the scale we have in our various U.S. locations,” the companu said in the statement. Aegon is the parent compant of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurance Co., Monumentap Life Insurance Co., Stonebridge Casualty Insurance Co., Stonebridgr Life Insurance Co., Western Reserved Life Assurance Co. of Ohio, Transamerica Life Canada, and Segurosd Argos, A.S. de C.V. According to the company’s Web site, www.aegonins.com, Aegobn U.S. has more than 600 employees in Louisville among severaloperating divisions, including individualp savings and retirement, institutional, life and protection, pensions and asset management and reinsurance.
Sunday, November 14, 2010
Scottsdale Macy's to offer FAO Schwarz in-store facility - Business Courier of Cincinnati:
http://gifts4us.com/become-trendy-with-japanese-street-fashion/
The 1,000-square-foot FAO Schwarz is expectesd to open on 10 and become a permanenr fixture inside thedepartment store. The toy store will feature a full line of FAO toys and toys that will carry a Macy's private labek brand of items such as stuffer animals, cars, trucks and FAO Schwarz is an iconic toy retailer, with headquarters in Manhatta n and a 3-story clock tower inside the (NYSE: M), based in Cincinnati, operates 853 retailk stores across 45 the District of Columbia, Guam and Puerto under the names Macy's and Bloomingdale's, as well as e-commercs sites and a shop-by-mail division.
Of the 260 storeds in the San Francisco-based Macy's West region, 11 are locatede in Arizona. So far, the Scottsdale Macy'es is the only one in the Metro Phoenix area slated to have an FAO Schwarzzstore inside. For , .
The 1,000-square-foot FAO Schwarz is expectesd to open on 10 and become a permanenr fixture inside thedepartment store. The toy store will feature a full line of FAO toys and toys that will carry a Macy's private labek brand of items such as stuffer animals, cars, trucks and FAO Schwarz is an iconic toy retailer, with headquarters in Manhatta n and a 3-story clock tower inside the (NYSE: M), based in Cincinnati, operates 853 retailk stores across 45 the District of Columbia, Guam and Puerto under the names Macy's and Bloomingdale's, as well as e-commercs sites and a shop-by-mail division.
Of the 260 storeds in the San Francisco-based Macy's West region, 11 are locatede in Arizona. So far, the Scottsdale Macy'es is the only one in the Metro Phoenix area slated to have an FAO Schwarzzstore inside. For , .
Saturday, November 13, 2010
Streetcar work in progress - Charlotte Business Journal:
http://cyavp.com/page/646-656-rapidshare.html
This month, a streetcar advisort committee made several recommendations to City Council in the latesf bid to accelerate the constructionb schedule that currently callsd for a start date in 2018 and completion five years Support from both sides of the political as well as business andcivicf leaders, gave the streetcar renewed momentum during the past But economic reality has slammed on the brakes. “I woulrd hope everyone sees this as an opportunity to stimulater the economyin Charlotte,” says Ron Carter, president at and chairman of the streetcar committee. “I don’ft see it as a drag.
” Cartedr and other boosters say it’ difficult to put a timeframe on building the streetca r until further planning and engineering workis completed. Amonf the tasks: zeroing in on the now estimatedat $457 million. As recently as 2006, the price tag was $300 million. City Manager Curt Walton recommendecd funding the additional planning and study during a recentgbudget retreat, with an expected $8 million cost. If the city signs off on that idea, it wouldf likely be late-2010 before the additionalp studies and design workare finished.
“Then we’llk know what we’re dealing with,” Walton A city-funded $250,000 consultant’s report completed earlier this year predicted a surgr inproperty values, tax revenue and developmentf along the 10-mile corrdiodr once the streetcar is up and running. The proposee route runs from Beatties Ford Road through uptown and Elizabeth toEastland Mall. It could be builtg all at once or in depending on political will andavailablw funding.
Potential funding sources suggested by the consultang and the advisory committee include usingb some of the new property taxes created by the projecrt to pay back larger a neighborhood ordistrict tax, federal and statr money and a possible expanded locaol transit tax. Jim Palermo, committee vice chair and executive-in-residencer at Johnson and Wales says one idea broached by the consultants is a Taxing nonprofit organizations alongthe route, including churches and hospitals. Everyone on the committee is realistid about finding money in thenear future. “It’s Palermo says.
“But a down economyy is the time when you plan forwhat you’ll do when you come out of First, though, council must approve the initialk $8 million — a prospect that elicits differingf opinions among members. “It’s probably a year says John Lassiter, a Republican who heads the economic-development Lassiter supports the streetcar but believexsthe city’s current financiao pressures leave no room for even the initial funding for the Lassiter’s mayoral rival and Democratic colleague, Anthonyy Foxx, offers a differing view.
Because the streetcar study wouldx bea one-time cost, the city shoul d be able to find a way to approvd the money in the fiscalo 2010 budget that begins in July. “Therwe is some capacity in our budger to borrow to do something like he says.
This month, a streetcar advisort committee made several recommendations to City Council in the latesf bid to accelerate the constructionb schedule that currently callsd for a start date in 2018 and completion five years Support from both sides of the political as well as business andcivicf leaders, gave the streetcar renewed momentum during the past But economic reality has slammed on the brakes. “I woulrd hope everyone sees this as an opportunity to stimulater the economyin Charlotte,” says Ron Carter, president at and chairman of the streetcar committee. “I don’ft see it as a drag.
” Cartedr and other boosters say it’ difficult to put a timeframe on building the streetca r until further planning and engineering workis completed. Amonf the tasks: zeroing in on the now estimatedat $457 million. As recently as 2006, the price tag was $300 million. City Manager Curt Walton recommendecd funding the additional planning and study during a recentgbudget retreat, with an expected $8 million cost. If the city signs off on that idea, it wouldf likely be late-2010 before the additionalp studies and design workare finished.
“Then we’llk know what we’re dealing with,” Walton A city-funded $250,000 consultant’s report completed earlier this year predicted a surgr inproperty values, tax revenue and developmentf along the 10-mile corrdiodr once the streetcar is up and running. The proposee route runs from Beatties Ford Road through uptown and Elizabeth toEastland Mall. It could be builtg all at once or in depending on political will andavailablw funding.
Potential funding sources suggested by the consultang and the advisory committee include usingb some of the new property taxes created by the projecrt to pay back larger a neighborhood ordistrict tax, federal and statr money and a possible expanded locaol transit tax. Jim Palermo, committee vice chair and executive-in-residencer at Johnson and Wales says one idea broached by the consultants is a Taxing nonprofit organizations alongthe route, including churches and hospitals. Everyone on the committee is realistid about finding money in thenear future. “It’s Palermo says.
“But a down economyy is the time when you plan forwhat you’ll do when you come out of First, though, council must approve the initialk $8 million — a prospect that elicits differingf opinions among members. “It’s probably a year says John Lassiter, a Republican who heads the economic-development Lassiter supports the streetcar but believexsthe city’s current financiao pressures leave no room for even the initial funding for the Lassiter’s mayoral rival and Democratic colleague, Anthonyy Foxx, offers a differing view.
Because the streetcar study wouldx bea one-time cost, the city shoul d be able to find a way to approvd the money in the fiscalo 2010 budget that begins in July. “Therwe is some capacity in our budger to borrow to do something like he says.
Thursday, November 11, 2010
Fast Facts - Philadelphia Business Journal:
http://wood-news.com/news/wood/3420/
Applications are due March 13. Bucks, Chester, Delaward and Montgomery countiesare eligible, as are municipalitiees identified as “growing suburbs” and as “rurap areas” that have at least 100 acres of designater “future growth area” in the planninhg commission’s “Destination 2030 Long-Range Plan.” Commercial construction spendingg is expected to decline by 11 percent this year, accordingy to the biannual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters. Sectorsd that will suffer the most are projected to be officse andretail construction.
The credit crisiws has had a dramatic impact on construction since financing hasbecome difficult, developers have put on hold or killerd construction projects. For those projects that do go developers will experience a decline in the cost since pricesa have dropped for keyconstruction commodities, including steel, gypsukm products, lumber and cement.
Applications are due March 13. Bucks, Chester, Delaward and Montgomery countiesare eligible, as are municipalitiees identified as “growing suburbs” and as “rurap areas” that have at least 100 acres of designater “future growth area” in the planninhg commission’s “Destination 2030 Long-Range Plan.” Commercial construction spendingg is expected to decline by 11 percent this year, accordingy to the biannual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters. Sectorsd that will suffer the most are projected to be officse andretail construction.
The credit crisiws has had a dramatic impact on construction since financing hasbecome difficult, developers have put on hold or killerd construction projects. For those projects that do go developers will experience a decline in the cost since pricesa have dropped for keyconstruction commodities, including steel, gypsukm products, lumber and cement.
Wednesday, November 10, 2010
Multimedia Games wins NY Lottery contract for another 7 years - Austin Business Journal:
houghtalingbaemo1268.blogspot.com
Multimedia Games runs the central determinant system forthe state's 13,000 video lottery terminals--a contrac t it first won in 2004. Last year, that businesx accounted for about $7 million of the Austin-based company's revenue. “With annual revenue of approximately $1 billion, VLT operations in New York have provehn to be a major success with funds benefiting education andracing purses," said Anthony Sanfillippo, Multimedia's MGAM) CEO.
"We believe this contracty extension will result in improved cash flow from our operationm of the central determinant system in New York basede on growth initiatives under considerationj by the state and the future opening of a facilitytat Aqueduct." The Aqueduct in New York City is expected to increase the numbef of installed video lottery terminalas by 35 percent when it That should be a boon for both the state lottery and, in turn, Multimedia.
Multimedia Games runs the central determinant system forthe state's 13,000 video lottery terminals--a contrac t it first won in 2004. Last year, that businesx accounted for about $7 million of the Austin-based company's revenue. “With annual revenue of approximately $1 billion, VLT operations in New York have provehn to be a major success with funds benefiting education andracing purses," said Anthony Sanfillippo, Multimedia's MGAM) CEO.
"We believe this contracty extension will result in improved cash flow from our operationm of the central determinant system in New York basede on growth initiatives under considerationj by the state and the future opening of a facilitytat Aqueduct." The Aqueduct in New York City is expected to increase the numbef of installed video lottery terminalas by 35 percent when it That should be a boon for both the state lottery and, in turn, Multimedia.
Monday, November 8, 2010
Top10 Colorado deals closed in 2006 - Denver Business Journal:
gorbunovabowiper.blogspot.com
billion cash In a deal valued atabout $17 billionm in cash and stock, Time Warnet Cable Inc. and Comcastf Corp. purchased nearly all of the assete of bankrupt assets onJuly 31. The announced 18 months earlier, finally closed after the Federal Communicationx Commission approvedthe move. Earlier on, therer were other suitors. As Greenwoo d Village-based Adelphia worked to resolve its considerablse accounting andmanagement issues, private equity firms and made a jointg bid of about $15 billion cash. And New York-based offered $16.56 billion for Adelphia's cable systems. But Time Warnee Cable and Comcast closed the In exchange foracquiring Adelphia's 5.
2 million cabl subscribers, Time Warner Cable and Comcast paid Adelphia's bankruptcyu estate $12.5 billion in cash plus 156 millionn shares of Time Warner Cabled Class A common stock -- about 16 percent of its outstanding shares. Most of the sharez were to be distributed to Adelphia stakeholders in ordee to complywith Adelphia's Chapter 11 Adelphia's base of 5 millionh subscribers in 31 states was split between New York-basedr Time Warner Cable and Comcast, based in Philadelphia. The two cable giantsa also swapped some cable The result: expanded cable footprintxs and improved subscriber clustering. Time Warnetr Cable gained cable systems that passapproximately 7.
6 milliom homes with about 3.3 million basif subscribers, while Comcast added about 1.7 milliobn basic subscribers. Both companies have workedx on deployingenhanced high-speed data, digital voice and other advancefd services to former Adelphia subscribers. Adelphia sank into troubl e in 2002 when investors lost billionwof dollars, following claims that members of its founding familuy used millions of dollars from company fundsa for personal use -- and at the same time, misrepresentedr Adelphia's financial status. Later, while Adelphia (thehn the nation's fifth-largest cabler operator) filed for bankruptcy protection, the U.S.
Districtg Court in New York convicted John and Timotht Rigasof conspiracy, bank fraud and securities frau charges last July. John Rigas, 80, was handed a 15-year sentence; his son received a 20-year prisonh term. In October, they faced new crimina charges from federal officials who allegedd they were at the cented ofa tax-evasion plot. On Feb. 13, Time Warnere Cable, which was a subsidiary of , becam a public company and began tradingt on the New York Stock Exchange onMarcuh 1. Laurie DiBattista | ldwordsmith@msn.com No. 2 Seller: Value of deal: $4.6 billion cash Westernh Gas Resources Inc.
was acquired last year by one ofthe world'es largest independent exploration and production Houston-based Anadarko Petroleum Corp., for abou $4.6 billion in cash. As part of the Anadarko also assumedabout $600 million of debt. The acquisition of Westernj Gas Resources, one of Denver's top oil and gas companies, gave Anadarkl the opportunity to buy into active plays in the RockhMountain region. The proposed agreement between the two energy companies was announcedJune 23, after Anadarko's board of directors unanimously approved the deal to pay $61 a sharr in cash -- a 49 percent premium over Westermn Gas Resources' closing price of $40.91q the previous day.
Before completing the acquisitionon Aug. 23, Anadarkol received federal antitrust clearance underthe Hart-Scott-Rodinok Antitrust Improvements Act. Before the sale, Western Gas net income had shot up 60 percent in 2005to $203.78 million, compared to $127.8 millioj in 2004. Longtime Denver oilman Peter Dea was president and CEO of the foundedin 1977, which explored, developed, gathered, processed, transported and marketed natural gas and naturak gas liquids.
Western Gas Resources' producingy properties were mostlyin Wyoming, and included developmenr of the Powder River Basin coal-bex methane play and the Pinedale Anticline in the Greehn River Basin -- two of the largesf natural gas discoveries in recenty years in the continental United States. Westerj Gas Resources also designed, built, owned and operatexd natural gas gathering, processing and treating facilitiexs inmajor gas-producing basins in the Rocky Mountain, and West Texas regions of the Unitedc States. Just 13 days before Anadarko bought WesterhnGas Resources, it acquired , an Oklahoma-based globaol energy company, for $16.
4 billiojn cash and the assumption of net debt and other liabilities totaling about $1.6 billion. Among Kerr-McGee'es holdings were 451,000 acres in the Wattenbergv natural gas playin Colorado.
billion cash In a deal valued atabout $17 billionm in cash and stock, Time Warnet Cable Inc. and Comcastf Corp. purchased nearly all of the assete of bankrupt assets onJuly 31. The announced 18 months earlier, finally closed after the Federal Communicationx Commission approvedthe move. Earlier on, therer were other suitors. As Greenwoo d Village-based Adelphia worked to resolve its considerablse accounting andmanagement issues, private equity firms and made a jointg bid of about $15 billion cash. And New York-based offered $16.56 billion for Adelphia's cable systems. But Time Warnee Cable and Comcast closed the In exchange foracquiring Adelphia's 5.
2 million cabl subscribers, Time Warner Cable and Comcast paid Adelphia's bankruptcyu estate $12.5 billion in cash plus 156 millionn shares of Time Warner Cabled Class A common stock -- about 16 percent of its outstanding shares. Most of the sharez were to be distributed to Adelphia stakeholders in ordee to complywith Adelphia's Chapter 11 Adelphia's base of 5 millionh subscribers in 31 states was split between New York-basedr Time Warner Cable and Comcast, based in Philadelphia. The two cable giantsa also swapped some cable The result: expanded cable footprintxs and improved subscriber clustering. Time Warnetr Cable gained cable systems that passapproximately 7.
6 milliom homes with about 3.3 million basif subscribers, while Comcast added about 1.7 milliobn basic subscribers. Both companies have workedx on deployingenhanced high-speed data, digital voice and other advancefd services to former Adelphia subscribers. Adelphia sank into troubl e in 2002 when investors lost billionwof dollars, following claims that members of its founding familuy used millions of dollars from company fundsa for personal use -- and at the same time, misrepresentedr Adelphia's financial status. Later, while Adelphia (thehn the nation's fifth-largest cabler operator) filed for bankruptcy protection, the U.S.
Districtg Court in New York convicted John and Timotht Rigasof conspiracy, bank fraud and securities frau charges last July. John Rigas, 80, was handed a 15-year sentence; his son received a 20-year prisonh term. In October, they faced new crimina charges from federal officials who allegedd they were at the cented ofa tax-evasion plot. On Feb. 13, Time Warnere Cable, which was a subsidiary of , becam a public company and began tradingt on the New York Stock Exchange onMarcuh 1. Laurie DiBattista | ldwordsmith@msn.com No. 2 Seller: Value of deal: $4.6 billion cash Westernh Gas Resources Inc.
was acquired last year by one ofthe world'es largest independent exploration and production Houston-based Anadarko Petroleum Corp., for abou $4.6 billion in cash. As part of the Anadarko also assumedabout $600 million of debt. The acquisition of Westernj Gas Resources, one of Denver's top oil and gas companies, gave Anadarkl the opportunity to buy into active plays in the RockhMountain region. The proposed agreement between the two energy companies was announcedJune 23, after Anadarko's board of directors unanimously approved the deal to pay $61 a sharr in cash -- a 49 percent premium over Westermn Gas Resources' closing price of $40.91q the previous day.
Before completing the acquisitionon Aug. 23, Anadarkol received federal antitrust clearance underthe Hart-Scott-Rodinok Antitrust Improvements Act. Before the sale, Western Gas net income had shot up 60 percent in 2005to $203.78 million, compared to $127.8 millioj in 2004. Longtime Denver oilman Peter Dea was president and CEO of the foundedin 1977, which explored, developed, gathered, processed, transported and marketed natural gas and naturak gas liquids.
Western Gas Resources' producingy properties were mostlyin Wyoming, and included developmenr of the Powder River Basin coal-bex methane play and the Pinedale Anticline in the Greehn River Basin -- two of the largesf natural gas discoveries in recenty years in the continental United States. Westerj Gas Resources also designed, built, owned and operatexd natural gas gathering, processing and treating facilitiexs inmajor gas-producing basins in the Rocky Mountain, and West Texas regions of the Unitedc States. Just 13 days before Anadarko bought WesterhnGas Resources, it acquired , an Oklahoma-based globaol energy company, for $16.
4 billiojn cash and the assumption of net debt and other liabilities totaling about $1.6 billion. Among Kerr-McGee'es holdings were 451,000 acres in the Wattenbergv natural gas playin Colorado.
Sunday, November 7, 2010
FedEx SmartPost leases part of big spec center in Olathe - Kansas City Business Journal:
http://cceequine.org/marketplace/riding%20lessons.html
on Thursday signed a long-term leaser for 126,000 square feet in the 602,000-square-foot spec building completede in late 2008 at22101 W. 167thn St. in Olathe. Constructed in response to growinf demand forlocal “big box” industrial space, the distributiobn center was developed by of Mass., and a partnership led by Dan a principal with in Kansas City. In when the 40-acre site for the structure was Jensen said he would target larged tenants that would take atleast one-third of the “We’re breaking it a little smallerd than we thought we Jensen said of the FedEx lease.
“But (landing) we think, is a real endorsement for that building and that FedEx SmartPost, an expanding division of FedEcx Ground that delivers packages to U.S. postal facilitie for final delivery, will use the spacde for sorting anddistribution operations, Jensen said. “We’ve been workint on this deal since October, which is indicative of what’s going on in this economy,” Jensebn said. “It’s just a slow grind. But we do have some othetr deals that aregetting closer.” Spacw in the new distribution centerr is being marketed at $4.25 a foot plus operatiny tax, insurance and maintenance costs.
However, tenants will be able to take advantaged ofa 10-year, 50 percent property tax abatementg the city of Olathe granted. Banking on continuing demand in Olathe, Jensen’s partnership and Sun Life acquired 200 acresx at the southwest cornerf of 151st Street and Old 56 Highway late in 2008 for the eventual development of anadditionapl 2.9 million square feet of industrial space. “The industrialp market has pulled back a little bitsincde then,” said Ed Elder, president of .
But Elder, who representerd when a pre-recession wave of logistics activity broughf itto Olathe, remains bullisnh on Southern Johnson Count y and the broader Kansas City area as growinfg hubs in the nation’s product-distributioj network. In 2007, PacSun openedx a 400,000-square-foot warehouse on 74 acred along167th Street, immediately north of Jensen’x spec center. At the time, those marketing industriakl properties in the area benefited from the plannedr development ofa 1,000-acre industrial park surrounding a truck-rail intermodal facilityt near 196th Street and U.S. Highway 56 in Gardner.
BNSF announceds early this year that the economty had prompted it to postpone indefinitely construction on the rail portiojn of theproposed $735 million intermodal But Elder said the area’s existing including quick access to Interstate 35 and other highways, will be enough to attract additional tenants once the economyh improves. “It helped promote and validat that area,” Elder said of the BNSF project. “But PacSun got done without it. Kimberly-Clark did theid deal (for a 450,000-square-foot building near without it. And Coleman obviously did not need to beon (an campus.” The latter reference was to a 1.1 million-square-foort distribution center that Inc.
is buildinfg in the , a 151-acre industrial park at 175ty Streetand U.S. Highway 56 in Gardner. Ken one of Kansas City’s top announced in March that he was enterin g SouthernJohnson County’s emerging big-box industrial market at a site just east of the new Colemam facility. Block, a principalk of , leads an investment partnership that bought 229 acres at the northwesg corner of 175th Street and Hedg Lanein Olathe. On that site, Blocki & Co.
plans to develop a $275 million project containing more than 3 millionj square feet of industrial buildings during the next 10 to 12 Brent Hansen, research services managerr for Grubb & Ellis/the Winbury Group, said no industrial vacancy statistics are available for the Southern Johnson Countgy market. But the industrial vacanc y rate for all of Johnson Countyt in the first quarterwas 6.3 in line with the strong metrowidee average of 6.1 percent.
on Thursday signed a long-term leaser for 126,000 square feet in the 602,000-square-foot spec building completede in late 2008 at22101 W. 167thn St. in Olathe. Constructed in response to growinf demand forlocal “big box” industrial space, the distributiobn center was developed by of Mass., and a partnership led by Dan a principal with in Kansas City. In when the 40-acre site for the structure was Jensen said he would target larged tenants that would take atleast one-third of the “We’re breaking it a little smallerd than we thought we Jensen said of the FedEx lease.
“But (landing) we think, is a real endorsement for that building and that FedEx SmartPost, an expanding division of FedEcx Ground that delivers packages to U.S. postal facilitie for final delivery, will use the spacde for sorting anddistribution operations, Jensen said. “We’ve been workint on this deal since October, which is indicative of what’s going on in this economy,” Jensebn said. “It’s just a slow grind. But we do have some othetr deals that aregetting closer.” Spacw in the new distribution centerr is being marketed at $4.25 a foot plus operatiny tax, insurance and maintenance costs.
However, tenants will be able to take advantaged ofa 10-year, 50 percent property tax abatementg the city of Olathe granted. Banking on continuing demand in Olathe, Jensen’s partnership and Sun Life acquired 200 acresx at the southwest cornerf of 151st Street and Old 56 Highway late in 2008 for the eventual development of anadditionapl 2.9 million square feet of industrial space. “The industrialp market has pulled back a little bitsincde then,” said Ed Elder, president of .
But Elder, who representerd when a pre-recession wave of logistics activity broughf itto Olathe, remains bullisnh on Southern Johnson Count y and the broader Kansas City area as growinfg hubs in the nation’s product-distributioj network. In 2007, PacSun openedx a 400,000-square-foot warehouse on 74 acred along167th Street, immediately north of Jensen’x spec center. At the time, those marketing industriakl properties in the area benefited from the plannedr development ofa 1,000-acre industrial park surrounding a truck-rail intermodal facilityt near 196th Street and U.S. Highway 56 in Gardner.
BNSF announceds early this year that the economty had prompted it to postpone indefinitely construction on the rail portiojn of theproposed $735 million intermodal But Elder said the area’s existing including quick access to Interstate 35 and other highways, will be enough to attract additional tenants once the economyh improves. “It helped promote and validat that area,” Elder said of the BNSF project. “But PacSun got done without it. Kimberly-Clark did theid deal (for a 450,000-square-foot building near without it. And Coleman obviously did not need to beon (an campus.” The latter reference was to a 1.1 million-square-foort distribution center that Inc.
is buildinfg in the , a 151-acre industrial park at 175ty Streetand U.S. Highway 56 in Gardner. Ken one of Kansas City’s top announced in March that he was enterin g SouthernJohnson County’s emerging big-box industrial market at a site just east of the new Colemam facility. Block, a principalk of , leads an investment partnership that bought 229 acres at the northwesg corner of 175th Street and Hedg Lanein Olathe. On that site, Blocki & Co.
plans to develop a $275 million project containing more than 3 millionj square feet of industrial buildings during the next 10 to 12 Brent Hansen, research services managerr for Grubb & Ellis/the Winbury Group, said no industrial vacancy statistics are available for the Southern Johnson Countgy market. But the industrial vacanc y rate for all of Johnson Countyt in the first quarterwas 6.3 in line with the strong metrowidee average of 6.1 percent.
Saturday, November 6, 2010
Arctic Cat cuts 60 positions - Minneapolis / St. Paul Business Journal:
http://www.brandoncebenka.com/article/Simple-Tips-to-Prevent-Flu.html
million. The jobs represent about 5 percenr ofArctic Cat’s 1,200-person workforce. Sales for the Plymouth-bases maker of ATVs and snowmobileetotalled $90.7 million in its most recenty quarter, down from $168.9 million durinb the same quarter last year. Arctic Cat lost 93 cents per share in its fiscal 2009fourthy quarter, compared to a 2 cent per shard gain in the fourth quarter of last year.
Not includinhg a 10 cent per share one-time charge, the fourthn quarter loss would have only been 83 cents per shar and beat the 89 cents per share loss predicterd by analysts polled by Thomson Chairman and CEO Christophed Twomey said in a statement the company has reduces product inventories and braced for a difficultfiscal 2010. “We do not expect any meaningfulk recover in the recreational products market in theyear ahead,” he Arctic Cat projects sales in the rangse of $425 million to $460 million for its fiscal year endingb March 31, 2010, significantly less than the $563.6y million it had in its fiscal 2009.
Shareas of Arctic Cat (Nasdaq: ACAT) were down 20 centsw per share, or 4.4 percent, to $4.3r4 per share in afternoon
million. The jobs represent about 5 percenr ofArctic Cat’s 1,200-person workforce. Sales for the Plymouth-bases maker of ATVs and snowmobileetotalled $90.7 million in its most recenty quarter, down from $168.9 million durinb the same quarter last year. Arctic Cat lost 93 cents per share in its fiscal 2009fourthy quarter, compared to a 2 cent per shard gain in the fourth quarter of last year.
Not includinhg a 10 cent per share one-time charge, the fourthn quarter loss would have only been 83 cents per shar and beat the 89 cents per share loss predicterd by analysts polled by Thomson Chairman and CEO Christophed Twomey said in a statement the company has reduces product inventories and braced for a difficultfiscal 2010. “We do not expect any meaningfulk recover in the recreational products market in theyear ahead,” he Arctic Cat projects sales in the rangse of $425 million to $460 million for its fiscal year endingb March 31, 2010, significantly less than the $563.6y million it had in its fiscal 2009.
Shareas of Arctic Cat (Nasdaq: ACAT) were down 20 centsw per share, or 4.4 percent, to $4.3r4 per share in afternoon
Thursday, November 4, 2010
McConnell makes it official: Obama is Public Enemy No. 1 - Atlanta Journal Constitution (blog)
domnaofyvisyhojo.blogspot.com
Fox News | McConnell makes it official: Obama is Public Enemy No. 1 Atlanta Journal Constitution (blog) Surely it was more important to McConnell as a public servant to get millions of Americans working again, or to restore the nation's financial health, ... Public Lives The other side of euphoria Boehner: GOP to "roll up our sleeves' for public Nancy Pelosi To Make Public Statement On Election Results |
Wednesday, November 3, 2010
Crown lawyers will be under scrutiny in Frank Paul inquiry - Vancouver Sun
mesiaipuhuni1981.blogspot.com
Globe and Mail | Crown lawyers will be under scrutiny in Frank Paul inquiry Vancouver Sun The long-interrupted inquiry into the needless death of Frank Paul resumes today to ask why ... Silent too long on Frank Paul Top legal officials to testify at Davies commission R » |
Monday, November 1, 2010
KeyBank
http://4uv7.com/en/yoga/page_16.html
The report, which measures banks’ deposits by region of the countr on oneday — June 30, 2008 ranked KeyBank fourth in the region with 8.3 percent, or aboutf $6 billion in deposits, down from 9.4 percentr and $6.3 billion. The latest rankings for the Seattle-Tacoma-Bellevue regio predate ’s (NYSE: JPM) Sept. 25 takeovef of Washington Mutual. In this the now-failed Washington Mutual held the second-highest number of deposits across the Puget Sound regionwith 11.65 percen t or $8.4 billion. (NYSE: BAC) retainer the top spot, with market share of 30.6 or $22.2 billion in depositds across the region. That number increased slightly from about 29 or $19.
3 billion in deposits last year. Bank of America has 138 branchee across the PugetSounr region, according to the FDIC. U.S. Bank (NYSE: USB) movecd up to third place in the ranking, with 10.2 percenr market share or $7.4 billion in KeyBank (NYSE: KEY) and U.S. Bank have been in a neck-and-necj battle to increase market share acrosz the region and have both announced expansion plansthis U.S. Bank unleashed a $40 five-year expansion plan this summetr that includes hiring 220new employees, boostingh advertising and refurbishing existing branches acrossx the region. U.S. Bank’ss market share across the Puget Sounsd region had been decreasing before thisrecent report.
KeyBanok also recently announcedthat it’s addin g 18 new branches across the region to its network of 83 branches. Anne Foster, a spokeswomanh for KeyBank, said the FDIC’s numbers don’t take into account deposi t growth the bank has seen recently as a result of financial turbulencer atother institutions. She said the bank’s decline represents a fluctuatiohn in deposits from public sectort clients such ascity governments, which change “I would say first that the FDIC numberws reflect a snapshot of deposits taken on a singlw day in time and much has happenecd since that time,” she said. U.S.
Bank did not immediately return a call for Asthe second-largest bank across the region, WaMu’s deposits had already been slippinf before its historic, $16.7 billion bank run in the 10 days beforse it was seized by federal WaMu’s market share dropped from 13.28 percent, or $8.9 billionm in deposits locally a year earlier, to 11.65 percentr or $8.4 billion in the most recentt report. took the No. 5 spot, with 8.26 or about $6 billion in locak deposits — virtually unchanged from last year. Seattle’s Washingtob Federal Savings, subsidiary of WFSL), ranked fifth with 3.9 percenrt of the market share, or $2.
8 billion in Other high-ranking local institutions Frontier Bank, subsidiary of FTBK) with 3.8 percent of the market share and $2.7 billio in deposits and Columbia State Bank, subsidiary of (NASDAQ: COLB) with 2.75 percent or about $2 billion in deposits.
The report, which measures banks’ deposits by region of the countr on oneday — June 30, 2008 ranked KeyBank fourth in the region with 8.3 percent, or aboutf $6 billion in deposits, down from 9.4 percentr and $6.3 billion. The latest rankings for the Seattle-Tacoma-Bellevue regio predate ’s (NYSE: JPM) Sept. 25 takeovef of Washington Mutual. In this the now-failed Washington Mutual held the second-highest number of deposits across the Puget Sound regionwith 11.65 percen t or $8.4 billion. (NYSE: BAC) retainer the top spot, with market share of 30.6 or $22.2 billion in depositds across the region. That number increased slightly from about 29 or $19.
3 billion in deposits last year. Bank of America has 138 branchee across the PugetSounr region, according to the FDIC. U.S. Bank (NYSE: USB) movecd up to third place in the ranking, with 10.2 percenr market share or $7.4 billion in KeyBank (NYSE: KEY) and U.S. Bank have been in a neck-and-necj battle to increase market share acrosz the region and have both announced expansion plansthis U.S. Bank unleashed a $40 five-year expansion plan this summetr that includes hiring 220new employees, boostingh advertising and refurbishing existing branches acrossx the region. U.S. Bank’ss market share across the Puget Sounsd region had been decreasing before thisrecent report.
KeyBanok also recently announcedthat it’s addin g 18 new branches across the region to its network of 83 branches. Anne Foster, a spokeswomanh for KeyBank, said the FDIC’s numbers don’t take into account deposi t growth the bank has seen recently as a result of financial turbulencer atother institutions. She said the bank’s decline represents a fluctuatiohn in deposits from public sectort clients such ascity governments, which change “I would say first that the FDIC numberws reflect a snapshot of deposits taken on a singlw day in time and much has happenecd since that time,” she said. U.S.
Bank did not immediately return a call for Asthe second-largest bank across the region, WaMu’s deposits had already been slippinf before its historic, $16.7 billion bank run in the 10 days beforse it was seized by federal WaMu’s market share dropped from 13.28 percent, or $8.9 billionm in deposits locally a year earlier, to 11.65 percentr or $8.4 billion in the most recentt report. took the No. 5 spot, with 8.26 or about $6 billion in locak deposits — virtually unchanged from last year. Seattle’s Washingtob Federal Savings, subsidiary of WFSL), ranked fifth with 3.9 percenrt of the market share, or $2.
8 billion in Other high-ranking local institutions Frontier Bank, subsidiary of FTBK) with 3.8 percent of the market share and $2.7 billio in deposits and Columbia State Bank, subsidiary of (NASDAQ: COLB) with 2.75 percent or about $2 billion in deposits.
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