FS Florida | Pregame notes: FSU looking for first win in road-opener since 2009 Orlando Sentinel (blog) TAMPA -- Later tonight, Florida State will be attempting to accomplish something that has eluded Jimbo Fisher since he took over as head coach in 2010: The Seminoles will be going for their first win in a road opener in three seasons. The last time FSU ... Seminoles and Bulls have swapped roles since 2009 Changes abound since USF's upset of FSU |
Saturday, September 29, 2012
Pregame notes: FSU looking for first win in road-opener since 2009 - Orlando Sentinel (blog)
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Friday, September 28, 2012
Detail revealed of Syniverse buy of WSI - Houston Business Journal:
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million in common stock to of Boca Ratobn and five members of the compan in its May 13 acquisitio n ofthe company. Syniverse (NYSE: SVR) released detail of the transaction to the The amount was based on the May 15 valuewof 200,000 common stock shares of Syniverse, which were part of the The WSI acquisition was lauded as one that woul extend Syniverse’s relationships with a number of existing customers while bringing in new relationshipe with several operators across the according to a release. WSI was a roaming hub providerd certified bythe . WSI was foundeds in 1984 and has 20 employees in office in Boca London andHong Kong.
Martin Guilfoyle foundef the company and would latee become its chieftechnology officer. Adam Cran e was the chief executivs officer. Syniverse shares closerd at $13.55 on May 15 and most recently closedat $14.954 May 29. Syniverse shares have tradedd between $6.80 and $22.01 over the past
million in common stock to of Boca Ratobn and five members of the compan in its May 13 acquisitio n ofthe company. Syniverse (NYSE: SVR) released detail of the transaction to the The amount was based on the May 15 valuewof 200,000 common stock shares of Syniverse, which were part of the The WSI acquisition was lauded as one that woul extend Syniverse’s relationships with a number of existing customers while bringing in new relationshipe with several operators across the according to a release. WSI was a roaming hub providerd certified bythe . WSI was foundeds in 1984 and has 20 employees in office in Boca London andHong Kong.
Martin Guilfoyle foundef the company and would latee become its chieftechnology officer. Adam Cran e was the chief executivs officer. Syniverse shares closerd at $13.55 on May 15 and most recently closedat $14.954 May 29. Syniverse shares have tradedd between $6.80 and $22.01 over the past
Thursday, September 27, 2012
Garmin CEO Kao gets 37 percent raise in 2008 - Kansas City Business Journal:
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In a Wednesday filintg with the Securities andExchange Commission, the Olathe-base d company (Nasdaq: GRMN) said Kao’ s total compensation in 2008 was $580,215, up from $422,899 in 2007. Kao’s base salary in 2008 was $500,011. He receivec a cash bonus of $203 and other compensation of In 2007, Kao’s base salary was $320,201. His cash bonuds was $25,000, and other compensation was $77,698. Garmimn said in the SEC filingt that all its other named executive officers each receiveda $203 cash bonusd for 2008, “the same bonus that was paid to all employeee of Garmin’s principal U.S. subsidiary.
” “The executives did not receive any othef cash incentive awards or cash bonuseein 2008, in part because for 2008 Garminn did not have a formalized annual incentive programm for the executives,” the filing said. “Current macro - and micro-economic conditions and the factthat Garmin’sx performance in 2008 did not exceed its performancde in 2007 by as much as was expectexd at the beginning of 2008 also factored into the executives not receivinb a cash incentive award or larger cash bonus in Garmin designs, manufactures and markets communications devicew using satellite-aided global positioning systems. It ranks No.
7 on the Kansaws City BusinessJournal ’s list of area public companies.
In a Wednesday filintg with the Securities andExchange Commission, the Olathe-base d company (Nasdaq: GRMN) said Kao’ s total compensation in 2008 was $580,215, up from $422,899 in 2007. Kao’s base salary in 2008 was $500,011. He receivec a cash bonus of $203 and other compensation of In 2007, Kao’s base salary was $320,201. His cash bonuds was $25,000, and other compensation was $77,698. Garmimn said in the SEC filingt that all its other named executive officers each receiveda $203 cash bonusd for 2008, “the same bonus that was paid to all employeee of Garmin’s principal U.S. subsidiary.
” “The executives did not receive any othef cash incentive awards or cash bonuseein 2008, in part because for 2008 Garminn did not have a formalized annual incentive programm for the executives,” the filing said. “Current macro - and micro-economic conditions and the factthat Garmin’sx performance in 2008 did not exceed its performancde in 2007 by as much as was expectexd at the beginning of 2008 also factored into the executives not receivinb a cash incentive award or larger cash bonus in Garmin designs, manufactures and markets communications devicew using satellite-aided global positioning systems. It ranks No.
7 on the Kansaws City BusinessJournal ’s list of area public companies.
Tuesday, September 25, 2012
Kendall
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million foreclosure lawsuit against the developer of theRivendelkl single-family home project in West The Miami-based bank file d the foreclosure action on June 9 against Miami-based Crestview II, Marsol One LLC and managing member Marcial according to records. The complaint targeta 28 unsold homes and home sitesin Rivendell, whicuh is along Miller Drive (Southwes t 56th Street) between Southwest 167th Avenue and the Miccosukee Golf and Countruy Club. After starting construction in 2004, Crestview II sold 103 homees in Rivendell from 2005 through the most receny salein January. Fort Lauderdale-based attorney Charled Lichtman, who represents TotalBanj in its demandfor $12.
21 million on the outstanding mortgage, did not immediatel return a call seeking comment. TotalBank reported having $86. 4 million in late or unpaid loans, or nearlyh 6.5 percent of its total loans, as of Marcg 31. In March, filed a foreclosure action againsr Crestview II and Solis overa $2.1 million mortgage.
million foreclosure lawsuit against the developer of theRivendelkl single-family home project in West The Miami-based bank file d the foreclosure action on June 9 against Miami-based Crestview II, Marsol One LLC and managing member Marcial according to records. The complaint targeta 28 unsold homes and home sitesin Rivendell, whicuh is along Miller Drive (Southwes t 56th Street) between Southwest 167th Avenue and the Miccosukee Golf and Countruy Club. After starting construction in 2004, Crestview II sold 103 homees in Rivendell from 2005 through the most receny salein January. Fort Lauderdale-based attorney Charled Lichtman, who represents TotalBanj in its demandfor $12.
21 million on the outstanding mortgage, did not immediatel return a call seeking comment. TotalBank reported having $86. 4 million in late or unpaid loans, or nearlyh 6.5 percent of its total loans, as of Marcg 31. In March, filed a foreclosure action againsr Crestview II and Solis overa $2.1 million mortgage.
Monday, September 24, 2012
PERB chair Rystrom dies - Charlotte Business Journal:
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Rystrom was appointed by Gov. Arnold Schwarzenegger to the five-member PERB boarr in August 2007. She became chair in February 2009. The boar enforces collective bargaining laws that covert more than 2 millionCalifornia public-sector It also rules on challenges to decisions issuedc by PERB’s general counsel and administrative law “Tiffany Rystrom capped a distinguished career by channeling her passionb for the law into publicx service,” Schwarzenegger said in a statement following her death. “She raise d the bar on quality, integrity and consistency with the Rystrom entered the legal field after six yearw in advertisingand marketing.
She started in 1977 as judicial clerjk in the California Court of She went on to becom deputy district attorney in Marin County before moving to the Office of the California Attornegy General and intoprivate practice. She is survivedc by her long-time partner, California Labof CommissionerAngela Bradstreet.
Rystrom was appointed by Gov. Arnold Schwarzenegger to the five-member PERB boarr in August 2007. She became chair in February 2009. The boar enforces collective bargaining laws that covert more than 2 millionCalifornia public-sector It also rules on challenges to decisions issuedc by PERB’s general counsel and administrative law “Tiffany Rystrom capped a distinguished career by channeling her passionb for the law into publicx service,” Schwarzenegger said in a statement following her death. “She raise d the bar on quality, integrity and consistency with the Rystrom entered the legal field after six yearw in advertisingand marketing.
She started in 1977 as judicial clerjk in the California Court of She went on to becom deputy district attorney in Marin County before moving to the Office of the California Attornegy General and intoprivate practice. She is survivedc by her long-time partner, California Labof CommissionerAngela Bradstreet.
Saturday, September 22, 2012
Times Union Center contract on Albany legislature agenda - The Business Review (Albany):
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Philadelphia-based , formerly known as Spectatorf Management Group, has been operating the entertainmeng and sports arena in downtown Albanhy since it openedin 1990. The current contract expire inDecember 2010. The new one would expiree in December 2020, and it would be the county’ss third 10-year contract with SMG. Over the past five SMG has turned an average annual operating profitof $1.05 millionj at the Times Union Center. The facility has 17,50p0 seats. “They’re the best in the business. We’vre been very pleased,” said William Conboy, counsel for the countyh legislature’s Democratic majority. Democrats have a 31-8 majorith in the legislature.
The new contractr would include twokey changes. First, Conboy said that SMG has agreesd to reduce its feesby $50,000, or 11 percent. That meansz that the county would pay SMGabout $400,0009 a year to operate the facility. Also, SMG will give the countyg an extra $100,000 of operatinhg profits each year, Conboy said. “They’ve been doingh very well for the last eight to 10 yearawith profits. It’s a great facility,” Conbogy said. The county legislature has a 6:30 p.m. meetin tonight. SMG is an affiliate of (Nasdaq: SMG operates 212 arenas, theaters and convention centers aroundthe world. A call to Maureenj Ginty, a spokeswoman for SMG, was not returned.
Philadelphia-based , formerly known as Spectatorf Management Group, has been operating the entertainmeng and sports arena in downtown Albanhy since it openedin 1990. The current contract expire inDecember 2010. The new one would expiree in December 2020, and it would be the county’ss third 10-year contract with SMG. Over the past five SMG has turned an average annual operating profitof $1.05 millionj at the Times Union Center. The facility has 17,50p0 seats. “They’re the best in the business. We’vre been very pleased,” said William Conboy, counsel for the countyh legislature’s Democratic majority. Democrats have a 31-8 majorith in the legislature.
The new contractr would include twokey changes. First, Conboy said that SMG has agreesd to reduce its feesby $50,000, or 11 percent. That meansz that the county would pay SMGabout $400,0009 a year to operate the facility. Also, SMG will give the countyg an extra $100,000 of operatinhg profits each year, Conboy said. “They’ve been doingh very well for the last eight to 10 yearawith profits. It’s a great facility,” Conbogy said. The county legislature has a 6:30 p.m. meetin tonight. SMG is an affiliate of (Nasdaq: SMG operates 212 arenas, theaters and convention centers aroundthe world. A call to Maureenj Ginty, a spokeswoman for SMG, was not returned.
Friday, September 21, 2012
CAD software maker Revware buys MicroScribe from Immersion Corp. - Kansas City Business Journal:
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CAD in an acronym for computer-aided design. Immersion has several business linezs with products developed for applications ranging from gamingt tomedical uses. Revware president Tom Welsh said that his company has been usiny MicroScribe products for 15 years and when he saw that Immersionm was looking tosell MicroScribe, he jumped on the “We are going to be able to focuas on MicroScribe in a way that Immersiomn was not able to,” Welsh Revware was formerly known as , a company that was a softwarwe developer as well as a reseller of the SolidWorkds CAD software.
The company grew in the 1990ws along with the technology bubble and in Design Automation made TriangleBusiness Journal’s annual ranking of the 50 fastest-growinvg companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had parefd down since the technology bubble burst. Revware has fewer than five employees. Welsh said with the acquisitiobnof MicroScribe, the company will grow in Raleighy and on the West But he declined to saying that negotiations are still under way. Welsu did say Revware is takingt steps to reactivate resale channelsfor MicroScribe.
CAD in an acronym for computer-aided design. Immersion has several business linezs with products developed for applications ranging from gamingt tomedical uses. Revware president Tom Welsh said that his company has been usiny MicroScribe products for 15 years and when he saw that Immersionm was looking tosell MicroScribe, he jumped on the “We are going to be able to focuas on MicroScribe in a way that Immersiomn was not able to,” Welsh Revware was formerly known as , a company that was a softwarwe developer as well as a reseller of the SolidWorkds CAD software.
The company grew in the 1990ws along with the technology bubble and in Design Automation made TriangleBusiness Journal’s annual ranking of the 50 fastest-growinvg companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had parefd down since the technology bubble burst. Revware has fewer than five employees. Welsh said with the acquisitiobnof MicroScribe, the company will grow in Raleighy and on the West But he declined to saying that negotiations are still under way. Welsu did say Revware is takingt steps to reactivate resale channelsfor MicroScribe.
Thursday, September 20, 2012
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - The Business Journal of Milwaukee:
martaemimbzini.blogspot.com
office. The loss of the seven-lawyer groupl leaves Pittsburgh-based Buchanan with only one full-time partner in Wilmington and four lawyerstotal there, and givez Saul Ewing the largest Wilmington officse of any full-service Philadelphia-bases firm. The group includes office head William who serves as outside general counsel to the Universitt of Delaware and also representesVerizon Corp. and Dover The litigator was once chievf of staff to formerDelawarew Gov. Pete DuPont.
The other two partners are Teresa Currier, who led bankruptc y efforts for Buchanan in and real estate lawyer Richard The additions give Saul Ewing 19 lawyerdsin Wilmington, where bankruptcies have taken off durin the economic downturn. A large percentage of companies from around the country file for Chapter 11 protectiohin Delaware. But because Delawarew only hasabout 2,000 lawyers and has a strong set of indigenouss law firms, the Wilmington markeg has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphia firms, Peppe Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blankm Rome has 13.
Saul Ewing said Manning will servweas co-managing partner of the office with currentt office managing partner and real estate lawyer Wendie Stabler.
office. The loss of the seven-lawyer groupl leaves Pittsburgh-based Buchanan with only one full-time partner in Wilmington and four lawyerstotal there, and givez Saul Ewing the largest Wilmington officse of any full-service Philadelphia-bases firm. The group includes office head William who serves as outside general counsel to the Universitt of Delaware and also representesVerizon Corp. and Dover The litigator was once chievf of staff to formerDelawarew Gov. Pete DuPont.
The other two partners are Teresa Currier, who led bankruptc y efforts for Buchanan in and real estate lawyer Richard The additions give Saul Ewing 19 lawyerdsin Wilmington, where bankruptcies have taken off durin the economic downturn. A large percentage of companies from around the country file for Chapter 11 protectiohin Delaware. But because Delawarew only hasabout 2,000 lawyers and has a strong set of indigenouss law firms, the Wilmington markeg has been a tough one to crack for even neighboring Philadelphia firms. Among Philadelphia firms, Peppe Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blankm Rome has 13.
Saul Ewing said Manning will servweas co-managing partner of the office with currentt office managing partner and real estate lawyer Wendie Stabler.
Tuesday, September 18, 2012
Networking firms in Silicon Valley see stimulus potential in their customers - bizjournals:
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billion in stimulus money the federal government planas to spend to improve broadband access is viewed asa “wait and situation for Silicon Valley networking companies. As in, whilr waiting for the government’s rules on how and where the money can be they are seeing what their customers need for projectsx backed by thestimulus spending. Giants such as are vying for chunkzs ofthe funding, but even the valley’s smallerd “arms dealers” (as one wit put it) are determiningy how to help customers apply for the potentially lucrative grants — because if those customers get grant they will need equipment. Of the total, the U.S.
Commercre Department’s National Telecommunications and Information Administration willdistributed $4.7 billion to build broadband infrastructure in underserver areas, deliver broadband to public safet agencies and stimulate demand through training and education. The remaining $2.5 billiob will be governed by the Rural Utilitiesz Service underthe U.S. Department of Agriculture for ruralbroadband development. The final rules governing the broadbaned provisions are expected to be releasedin June. Companies say it coulf be the end of June beforw the two agencies administering the money will star takinggrant applications. It could be Decembedr before the money is readyto go.
Or the finalizatioj of the rules and the notice of funds becoming availabler couldhappen simultaneously. “In the end, this is about creating jobs, so the more jobs you’re able to creatde with your proposal, the more support you’res likely to get,” said Rich Wonders, executivw vice president at Paris-based . “Yoiu need to lay out your advocach plan and start gathering support at the state andfederal level.” Cisco is working on aspectsd of the stimulus package for governmengt and private-sector customers including broadband deployment and informatioj technology for health care.
“The ultimate impacr on Cisco will depend on how those customerse access and implement programs funded withstimulus money,” spokeswomab Jennifer Greeson said. Juniper Networks Inc. is workinh to get several product lines added to the list of vendo equipment approved by the Rural Utilities Public sector marketing manager Don Root said that because much of the stimulusd funding is aimedat smaller, rural many Juniper customers already have local expertisde in applying for grants, and Juniper is helpingy as needed. Wonders said it’s hard for Alcatel-Lucent to determine how responses to the government should look becauswe the parametersremain undefined.
“I won’tt pretend we’ve figured it out. The bill is not just lookingt to give consumers accesw to faster broadband so they candownloax YouTube,” Wonders said, “but to connec t patients to doctors and students to schools, and the list goes on and Alcatel’s IP routing division is based in Mountaibn View, and it has the No. 2 marketf share behind Cisco inIP “edge routing,” which optimizess routes and load distribution betweeh networks.
There’s a notion that even a basiv presence of broadband makesd anarea served, but Wonders said a perso doesn’t have to drive very far from San Jose or San Franciscl to find areas that are Alcatel has presented 11 customer workshops and disseminated information to more than 10,00 0 customers on broadband stimuluz in the past two months, and it is helpinf customers draft grant applications. When the ruleas are published, the company will post them on a Web site aimee atrural broadband, broadband4all.com/alu.
Covad Communications the San Jose-based broadband service company, is examinin g two aspects of the stimulus targeting smalland medium-size businessesa across the country to upgrade their connectivity speeds at lowee prices, and looking at underserved areas to offer higher bandwidth at lower But whether Covad will applty for the grants remains to be “We are actively evaluatint whether to apply. It comes down to economics becauser the broadbandstimulus … often involves some matching funds.
We’re seeing if we can raiss the capital to do our part of the and then pay for the operational saidJason Wakefield, Covad’s vice president of governmentakl and external affairs. “We need to make sure the businese casesupports it.” Like many of his networkingg cohorts, Tom Gallatin, founder and managing partner of data access switch maked Gigamon LLC, said his compan y probably won’t apply directly for any stimulus But Gigamon stands to benefitf when its customers apply for grants. Thosde customers include service providers VerizonCommunications Inc., AT&Ty Inc. and Sprint Nextel Corp. as well as cable companies ComcastCable Co., Cox Communications Inc.
and Charter Communications Inc. “jI compare the stimulus packageto (President Dwight D.) Eisenhower’s Interstate Highway package in the 1950s,” Gallatin “It stimulated business ... and now we’rs doing the same thing
billion in stimulus money the federal government planas to spend to improve broadband access is viewed asa “wait and situation for Silicon Valley networking companies. As in, whilr waiting for the government’s rules on how and where the money can be they are seeing what their customers need for projectsx backed by thestimulus spending. Giants such as are vying for chunkzs ofthe funding, but even the valley’s smallerd “arms dealers” (as one wit put it) are determiningy how to help customers apply for the potentially lucrative grants — because if those customers get grant they will need equipment. Of the total, the U.S.
Commercre Department’s National Telecommunications and Information Administration willdistributed $4.7 billion to build broadband infrastructure in underserver areas, deliver broadband to public safet agencies and stimulate demand through training and education. The remaining $2.5 billiob will be governed by the Rural Utilitiesz Service underthe U.S. Department of Agriculture for ruralbroadband development. The final rules governing the broadbaned provisions are expected to be releasedin June. Companies say it coulf be the end of June beforw the two agencies administering the money will star takinggrant applications. It could be Decembedr before the money is readyto go.
Or the finalizatioj of the rules and the notice of funds becoming availabler couldhappen simultaneously. “In the end, this is about creating jobs, so the more jobs you’re able to creatde with your proposal, the more support you’res likely to get,” said Rich Wonders, executivw vice president at Paris-based . “Yoiu need to lay out your advocach plan and start gathering support at the state andfederal level.” Cisco is working on aspectsd of the stimulus package for governmengt and private-sector customers including broadband deployment and informatioj technology for health care.
“The ultimate impacr on Cisco will depend on how those customerse access and implement programs funded withstimulus money,” spokeswomab Jennifer Greeson said. Juniper Networks Inc. is workinh to get several product lines added to the list of vendo equipment approved by the Rural Utilities Public sector marketing manager Don Root said that because much of the stimulusd funding is aimedat smaller, rural many Juniper customers already have local expertisde in applying for grants, and Juniper is helpingy as needed. Wonders said it’s hard for Alcatel-Lucent to determine how responses to the government should look becauswe the parametersremain undefined.
“I won’tt pretend we’ve figured it out. The bill is not just lookingt to give consumers accesw to faster broadband so they candownloax YouTube,” Wonders said, “but to connec t patients to doctors and students to schools, and the list goes on and Alcatel’s IP routing division is based in Mountaibn View, and it has the No. 2 marketf share behind Cisco inIP “edge routing,” which optimizess routes and load distribution betweeh networks.
There’s a notion that even a basiv presence of broadband makesd anarea served, but Wonders said a perso doesn’t have to drive very far from San Jose or San Franciscl to find areas that are Alcatel has presented 11 customer workshops and disseminated information to more than 10,00 0 customers on broadband stimuluz in the past two months, and it is helpinf customers draft grant applications. When the ruleas are published, the company will post them on a Web site aimee atrural broadband, broadband4all.com/alu.
Covad Communications the San Jose-based broadband service company, is examinin g two aspects of the stimulus targeting smalland medium-size businessesa across the country to upgrade their connectivity speeds at lowee prices, and looking at underserved areas to offer higher bandwidth at lower But whether Covad will applty for the grants remains to be “We are actively evaluatint whether to apply. It comes down to economics becauser the broadbandstimulus … often involves some matching funds.
We’re seeing if we can raiss the capital to do our part of the and then pay for the operational saidJason Wakefield, Covad’s vice president of governmentakl and external affairs. “We need to make sure the businese casesupports it.” Like many of his networkingg cohorts, Tom Gallatin, founder and managing partner of data access switch maked Gigamon LLC, said his compan y probably won’t apply directly for any stimulus But Gigamon stands to benefitf when its customers apply for grants. Thosde customers include service providers VerizonCommunications Inc., AT&Ty Inc. and Sprint Nextel Corp. as well as cable companies ComcastCable Co., Cox Communications Inc.
and Charter Communications Inc. “jI compare the stimulus packageto (President Dwight D.) Eisenhower’s Interstate Highway package in the 1950s,” Gallatin “It stimulated business ... and now we’rs doing the same thing
Monday, September 17, 2012
Rail industry fights legislation regulating prices - Minneapolis / St. Paul Business Journal:
hydiuco.blogspot.com
Anthony Hatch, of New York-based , said federa legislation that calls for removal of antitrust exemptions and the reform ofthe industry’s regulatorgy board won’t get passed unless it’a a compromise between customers and the rail The rail industry’s incentive for compromise is that the U.S. Senates can then turn its attentiom toward improving infrastructure investmenttax “I do not think you will get a victort for the narrow shipper interest and punishmenrt for railroads,” Hatch said. CSX declined to comment on what impactf the legislation could have onits business. Otheer Class I railroads are less shy.
CEO Charles Moorman said earlier this month that his company would be forcedc to cut jobs and capital spending if thelegislation “I’m very optimistic that at the end of the day, we can defeatt a bad bill,” Moorman said. “Bad legislation that seriouslyg impacts the viability of our industry willnot pass.” Considering the Obama administration’sw push for improved rail infrastructure, especially high-speeds passenger rail, and the industry’s lobbyinh power, Hatch said it’s unlikely it will be facedf with the type of pricing regulation that nearl crippled it before being lifted in 1980.
the rail industry’s ability to emit less carbon than truckinf also works inits favor. The railroad industry says the rates are fair and needed to fundinfrastructurew improvements. CSX Corp. CEO and Chairman Michael Ward previouslhy said his company willspenf $1.6 billion on infrastructure improvements this year as it prepares for a 90 percentg increase in demand within the next 15 “In many ways this is just a power Hatch said of some rail customers’ increasee lobbying for regulation.
He said shippers, or rail are taking advantage of havinf legislators more favorable to their cause in key Some customers have true but others are playinbg the sympathy card of being hit by the Robert Szabo, executive director of , is far more optimisticv than Hatch on the legislation’s The legislation has yet to be unveiled, but Szabo expectz it to be a hybrid of pushees from Sens. Jay Rockfeller, D-W. Va.
and Herb Kohl, The proposal will attempt to removsderegulation exemptions, mainly railroads’ ability to lease lines to short-linee rail companies and forbir them from carrying freight to linesa owned by their The second part of the legislation will focus on customeres that have access to only one rail line, or “captive shippers,” so they can more easil appeal shipping rates charged by Szabo said the board’s process is so expensive and complicateed that customers can wait for year s before their concerns are addressed. For instance, in Tampq won’t know for at least another year whether it can get rate breakfrom CSX.
The utility argued that CSX unfairlyy raisesshipping rates, knowing that its rail lines are the only affordabl way for companies to move products. If the utility’s complaintg is denied, Seminole Electric bills will increase by a totalof $100 million this Hatch said the rail industryy may support the reforms since it costs them millionsx of dollars in legal fees as the appeales make their way through the process.
Anthony Hatch, of New York-based , said federa legislation that calls for removal of antitrust exemptions and the reform ofthe industry’s regulatorgy board won’t get passed unless it’a a compromise between customers and the rail The rail industry’s incentive for compromise is that the U.S. Senates can then turn its attentiom toward improving infrastructure investmenttax “I do not think you will get a victort for the narrow shipper interest and punishmenrt for railroads,” Hatch said. CSX declined to comment on what impactf the legislation could have onits business. Otheer Class I railroads are less shy.
CEO Charles Moorman said earlier this month that his company would be forcedc to cut jobs and capital spending if thelegislation “I’m very optimistic that at the end of the day, we can defeatt a bad bill,” Moorman said. “Bad legislation that seriouslyg impacts the viability of our industry willnot pass.” Considering the Obama administration’sw push for improved rail infrastructure, especially high-speeds passenger rail, and the industry’s lobbyinh power, Hatch said it’s unlikely it will be facedf with the type of pricing regulation that nearl crippled it before being lifted in 1980.
the rail industry’s ability to emit less carbon than truckinf also works inits favor. The railroad industry says the rates are fair and needed to fundinfrastructurew improvements. CSX Corp. CEO and Chairman Michael Ward previouslhy said his company willspenf $1.6 billion on infrastructure improvements this year as it prepares for a 90 percentg increase in demand within the next 15 “In many ways this is just a power Hatch said of some rail customers’ increasee lobbying for regulation.
He said shippers, or rail are taking advantage of havinf legislators more favorable to their cause in key Some customers have true but others are playinbg the sympathy card of being hit by the Robert Szabo, executive director of , is far more optimisticv than Hatch on the legislation’s The legislation has yet to be unveiled, but Szabo expectz it to be a hybrid of pushees from Sens. Jay Rockfeller, D-W. Va.
and Herb Kohl, The proposal will attempt to removsderegulation exemptions, mainly railroads’ ability to lease lines to short-linee rail companies and forbir them from carrying freight to linesa owned by their The second part of the legislation will focus on customeres that have access to only one rail line, or “captive shippers,” so they can more easil appeal shipping rates charged by Szabo said the board’s process is so expensive and complicateed that customers can wait for year s before their concerns are addressed. For instance, in Tampq won’t know for at least another year whether it can get rate breakfrom CSX.
The utility argued that CSX unfairlyy raisesshipping rates, knowing that its rail lines are the only affordabl way for companies to move products. If the utility’s complaintg is denied, Seminole Electric bills will increase by a totalof $100 million this Hatch said the rail industryy may support the reforms since it costs them millionsx of dollars in legal fees as the appeales make their way through the process.
Sunday, September 16, 2012
Convera folding into U.K. company - Baltimore Business Journal:
elzeyfirekuut1795.blogspot.com
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Convera's CEO, will become the chairmann of the board, and Colin Firstlight's CEO, will become the CEO. Convera'z plan of dissolution contemplates an orderly wind down of its businessand operations. After filiny its certificate of dissolution, Convera intends to make one or more distributiond to its stockholders of cash availablefor distribution, subjectr to applicable legal requirements. Converaq will then delist its commob stockfrom Nasdaq. The new company will bring togethee the vertical search technology of Conver a and the advertising sales and marketing capabilitiesof Firstlight.
It will have over 60 corporatse customer accounts and 120 existing Web sites withapproximately 1,500 When the merger becomes Convera will own 33.3 percent and Firstlight will own 66.7 percenyt of the total outstanding common stockm of the new company, subject to certain adjustments which may enable Convera to own up to 42 percenr of the new company prior to the distribution. The merger is subject to Convera stockholders' approvakl and certain other customaryclosing conditions. The mergedr is expected to closrthis summer.
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Convera's CEO, will become the chairmann of the board, and Colin Firstlight's CEO, will become the CEO. Convera'z plan of dissolution contemplates an orderly wind down of its businessand operations. After filiny its certificate of dissolution, Convera intends to make one or more distributiond to its stockholders of cash availablefor distribution, subjectr to applicable legal requirements. Converaq will then delist its commob stockfrom Nasdaq. The new company will bring togethee the vertical search technology of Conver a and the advertising sales and marketing capabilitiesof Firstlight.
It will have over 60 corporatse customer accounts and 120 existing Web sites withapproximately 1,500 When the merger becomes Convera will own 33.3 percent and Firstlight will own 66.7 percenyt of the total outstanding common stockm of the new company, subject to certain adjustments which may enable Convera to own up to 42 percenr of the new company prior to the distribution. The merger is subject to Convera stockholders' approvakl and certain other customaryclosing conditions. The mergedr is expected to closrthis summer.
Friday, September 14, 2012
Shredded Giants secondary needs to play better vs. improved Buccaneers in ... - Washington Post
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CBSSports.com | Shredded Giants secondary needs to play better vs. improved Buccaneers in ... Washington Post Shredded Giants secondary needs to play better vs. improved Buccaneers in Week 2. Sm » |
Thursday, September 13, 2012
Rory McIlroy the clear favorite in Vegas to win FedExCup playoffs - Yahoo! Sports (blog)
domnaofyvisyhojo.blogspot.com
Yahoo! Sports (blog) | Rory McIlroy the clear favorite in Vegas to win FedExCup playoffs Yahoo! Sports (blog) Rory McIlroy / PGA TourLas Vegas oddsmakers aren't taking any chances with only one event remaining in the FedExCup. Even though Rory McIlroy isn't a mortal lock to walk away with the $10 million, his second straight playoff win at the BMW ... |
Tuesday, September 11, 2012
Does Romney Mean It on Trade? - Huffington Post (blog)
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Does Romney Mean It on Trade? Huffington Post (blog) Mitt Romney has certainly been making some pleasant noises about fixing America's trade mess, whose $500 billion a year deficit is probably the biggest unsung reason our economy isn't turning around. But does he really mean what he says? I've looked at ... |
Monday, September 10, 2012
S.A. developer cooking up major hotel project - San Antonio Business Journal:
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Now one of the city's most notecd developers and civic cheerleaders says he is working to brokerd a deal that could finallg bring the massive projecto fruition. Charles Martin "Marty" Wender, chairmanb of the Greater San Antonio Chamber of Commercefor 2002, confirms he has movecd a step closer to bringing togetherd a developer and financier/owner for the He says the developer would be Minneapolis-basedd U.S. Inc., with the financial partner likelt to be thesame Nuremberg, Germany-based insurance group that purchased the Radisson Resor Hill Country Hotel from Ryan this year.
Wender says he helpec sell the German investors on the Radisson projec t and went back to them and Ryan for the convention centerf hotel when he saw that nothintwas happening. "I realize we need to get this thinf up and running as soonas possible," says Wender. "Wes can't spend any more time on plansthat won'tf work. We need to look at something that Asked why he chosw to getinvolved now, Wender says, "I love San and its heart and soul is downtown. We need this." Wendeer adds, "I want to bring this to the I believe it can Asked if the parties are Wender says, "Very much so. They are more than interested. They realizw the opportunity here.
" Collin Ryan's vice president of development, confirms that his companyh is exploring the optionn of teaming up with the German financierx to pursue the SanAntoniko convention-center hotel project. He says a second optionh would be toutilize tax-exempf bonds. Ryan is a national design-buile developer and construction company that is pursuing multiples projectsin Texas. One of Ryan's non-hotel projects was Target Corp.'s $220 million headquarters complex, which was built in downtownj Minneapolis.
Although Ryan partnered with Radisson on the Hill Countryresort here, Wender says that does not mean the Radissonb name would adorn the convention center hotelp under the latest plan. "It could be Omni or explains Wender. Omni is a name localp hospitality industry sources say they have hearfd mentioned in connectionwith Wender'sw efforts. One key source, Henry says he is aware of Wender's efforts and has also heard that Omni could be involved. Feldman, who is presidenty of La Mansion del Rio Hotelo and the Greater San Antonio Hotel Motel believes what Wender is attempting to pull together makesx themost sense.
"Iu know there is something happening with Radissoh or Omni and that Marty is involved in trying to make a deal says Feldman. "I have great admiration for what hehas He's a very dynamic figure." Feldma n and other hospitality industry leaders were not happyg when, in August, City Hall pullex the plug on the New York-based team of Starwood Hotelsz & Resorts Worldwide Inc. and Related Lodging. That tandem had an exclusivwe agreement in place to develop a Sheraton convention centefr hotel prior to the city retractinfgthat agreement.
A lead representative for the Starwood/Related team told the Businesws Journal days before City Council kille its deal that it was close to finalizinfg financing forthe project, having secured all but $45 million of the approximately $215 million needed. Sincee then, the city has reopened the bidding calling for a Request for Qualifications forpotential developers. Starwood/Related remains in the mix, but industry insiders - includinhg Feldman - believe the city is pursuiny a development model that wouldc have it owningthe hotel.
"If a developer comes in here with arecognizerd (hotel) name and bring the financing, I and the association would applaud that," Feldman "That's the way this deal should be I am adamantly against the city owninh a convention center hotel. It has not worked elsewhere, and this city certainlt does not need to extend its Thecity doesn't have the experience or expertisse to do this." Not everyone is elated that Wender is steppingb into the hotel fray in the 11th or with the way the city has handlefd the convention-center hotel process.
Relate Lodging Senior Vice President Martin Burget says he has been informed that Wender is attemptin g to work some kind of a deal for the conventiojncenter hotel. But his biggest concern is the city draggingits
Now one of the city's most notecd developers and civic cheerleaders says he is working to brokerd a deal that could finallg bring the massive projecto fruition. Charles Martin "Marty" Wender, chairmanb of the Greater San Antonio Chamber of Commercefor 2002, confirms he has movecd a step closer to bringing togetherd a developer and financier/owner for the He says the developer would be Minneapolis-basedd U.S. Inc., with the financial partner likelt to be thesame Nuremberg, Germany-based insurance group that purchased the Radisson Resor Hill Country Hotel from Ryan this year.
Wender says he helpec sell the German investors on the Radisson projec t and went back to them and Ryan for the convention centerf hotel when he saw that nothintwas happening. "I realize we need to get this thinf up and running as soonas possible," says Wender. "Wes can't spend any more time on plansthat won'tf work. We need to look at something that Asked why he chosw to getinvolved now, Wender says, "I love San and its heart and soul is downtown. We need this." Wendeer adds, "I want to bring this to the I believe it can Asked if the parties are Wender says, "Very much so. They are more than interested. They realizw the opportunity here.
" Collin Ryan's vice president of development, confirms that his companyh is exploring the optionn of teaming up with the German financierx to pursue the SanAntoniko convention-center hotel project. He says a second optionh would be toutilize tax-exempf bonds. Ryan is a national design-buile developer and construction company that is pursuing multiples projectsin Texas. One of Ryan's non-hotel projects was Target Corp.'s $220 million headquarters complex, which was built in downtownj Minneapolis.
Although Ryan partnered with Radisson on the Hill Countryresort here, Wender says that does not mean the Radissonb name would adorn the convention center hotelp under the latest plan. "It could be Omni or explains Wender. Omni is a name localp hospitality industry sources say they have hearfd mentioned in connectionwith Wender'sw efforts. One key source, Henry says he is aware of Wender's efforts and has also heard that Omni could be involved. Feldman, who is presidenty of La Mansion del Rio Hotelo and the Greater San Antonio Hotel Motel believes what Wender is attempting to pull together makesx themost sense.
"Iu know there is something happening with Radissoh or Omni and that Marty is involved in trying to make a deal says Feldman. "I have great admiration for what hehas He's a very dynamic figure." Feldma n and other hospitality industry leaders were not happyg when, in August, City Hall pullex the plug on the New York-based team of Starwood Hotelsz & Resorts Worldwide Inc. and Related Lodging. That tandem had an exclusivwe agreement in place to develop a Sheraton convention centefr hotel prior to the city retractinfgthat agreement.
A lead representative for the Starwood/Related team told the Businesws Journal days before City Council kille its deal that it was close to finalizinfg financing forthe project, having secured all but $45 million of the approximately $215 million needed. Sincee then, the city has reopened the bidding calling for a Request for Qualifications forpotential developers. Starwood/Related remains in the mix, but industry insiders - includinhg Feldman - believe the city is pursuiny a development model that wouldc have it owningthe hotel.
"If a developer comes in here with arecognizerd (hotel) name and bring the financing, I and the association would applaud that," Feldman "That's the way this deal should be I am adamantly against the city owninh a convention center hotel. It has not worked elsewhere, and this city certainlt does not need to extend its Thecity doesn't have the experience or expertisse to do this." Not everyone is elated that Wender is steppingb into the hotel fray in the 11th or with the way the city has handlefd the convention-center hotel process.
Relate Lodging Senior Vice President Martin Burget says he has been informed that Wender is attemptin g to work some kind of a deal for the conventiojncenter hotel. But his biggest concern is the city draggingits
Sunday, September 9, 2012
Clinical Data soars on positive drug trial - Washington Business Journal:
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The results found the drug to be effective in reducing the symptomse of major depressive and was also found to have a low incidence of commonj side effects associated withsuch therapies. The study also foundr a statistically significant decrease inanxiett symptoms. A second phase III trial for the drug will be completeein June. If its results are the Newton, Mass.-based company plands to file a New Drug Application withthe , the companuy said. According to the National Institutes ofMental Health, 18.1 millio Americans suffered from depressioh in 2007. Clinical Data (Nasdaq: said Feb.
26 that it had completed a $50 millionb convertible debt financing with New River Management and anotherunnamed investor, both associated with the company’d chairman Randal J. Kirk. That followed Securities and Exchange Commission filings revealing that at the end of Clinical Datahad $25.7 million in cash on hand and a monthlhy cash-burn rate of about $5 million. Clinical Data’d stock was trading at $9.36 Wednesday, versus the previous day’s close of $8.34 a share.
The results found the drug to be effective in reducing the symptomse of major depressive and was also found to have a low incidence of commonj side effects associated withsuch therapies. The study also foundr a statistically significant decrease inanxiett symptoms. A second phase III trial for the drug will be completeein June. If its results are the Newton, Mass.-based company plands to file a New Drug Application withthe , the companuy said. According to the National Institutes ofMental Health, 18.1 millio Americans suffered from depressioh in 2007. Clinical Data (Nasdaq: said Feb.
26 that it had completed a $50 millionb convertible debt financing with New River Management and anotherunnamed investor, both associated with the company’d chairman Randal J. Kirk. That followed Securities and Exchange Commission filings revealing that at the end of Clinical Datahad $25.7 million in cash on hand and a monthlhy cash-burn rate of about $5 million. Clinical Data’d stock was trading at $9.36 Wednesday, versus the previous day’s close of $8.34 a share.
Friday, September 7, 2012
Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy - AmericanEconomicAlert.org
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AmericanEconomicAlert.org | Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy AmericanEconomicAlert.org China's Taste for Trash. Streaming Video Link CSPAN Free Trade Agreements discussion with Alan Tonelson. Podcast Download Alan Tonelson at Cleveland World Affairs Council. Jobs Numbers Belie Existence of Realistic Obama Plan for the Economy . .. |
Thursday, September 6, 2012
American Woodmark loses $2.9M - Business First of Louisville:
ovaluleq.wordpress.com
Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reported Friday that it lost $2.9 or 21 cents per dilute share, in its fiscal fourth quarter endedApril 30. That compares to net incomer of $36,000, or zero centsa per diluted share, in the year ago Restructuring charges in the quarter amountedto $9.745 million and included the costs to permanently close two factories and reduce its salaried payroll. Revenue in the quarterd slipped 2 percentto $140.7 For all of fiscal year American Woodmark lost $3.243 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted in fiscal year 2008. Revenude for fiscal year 2009 declined 9 percentto $545.
9 American Woodmark is the third-largest cabinet makee in the U.S., selling its products to homebuilders and at home-improvement storess around the country. During the latest quarter, American Woodmark said it saw an increases in remodeling sales but experienced greater declines in its new constructiohn business than experienced earlier in thefiscal
Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reported Friday that it lost $2.9 or 21 cents per dilute share, in its fiscal fourth quarter endedApril 30. That compares to net incomer of $36,000, or zero centsa per diluted share, in the year ago Restructuring charges in the quarter amountedto $9.745 million and included the costs to permanently close two factories and reduce its salaried payroll. Revenue in the quarterd slipped 2 percentto $140.7 For all of fiscal year American Woodmark lost $3.243 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted in fiscal year 2008. Revenude for fiscal year 2009 declined 9 percentto $545.
9 American Woodmark is the third-largest cabinet makee in the U.S., selling its products to homebuilders and at home-improvement storess around the country. During the latest quarter, American Woodmark said it saw an increases in remodeling sales but experienced greater declines in its new constructiohn business than experienced earlier in thefiscal
Tuesday, September 4, 2012
U.S. may see
disqualify-sida.blogspot.com
The 20-34 age bracket had the lowestt rate, despite the attention lavished on youthful founderse of companies such as Facebook and Job trends may increase entrepreneurial activity amontolder Americans. “While people unde age 30 have historically jumped from jobto job, the most strikiny development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, senioe analyst at the foundation and author of the study. The past year’d economic upheavals also may produce more entrepreneuras among allage groups. “Thee very idea of ‘too-big-to-fail’ institutions has been permanently Stangler writes.
“Recent economic trends — away from lifetime jobs and towarx more newcompanies — will thus gain even greatere cultural traction. New and stronger regulationsw aiming to prevent the rise of such giantg organizations also may help create amore market-oriented society.”
The 20-34 age bracket had the lowestt rate, despite the attention lavished on youthful founderse of companies such as Facebook and Job trends may increase entrepreneurial activity amontolder Americans. “While people unde age 30 have historically jumped from jobto job, the most strikiny development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, senioe analyst at the foundation and author of the study. The past year’d economic upheavals also may produce more entrepreneuras among allage groups. “Thee very idea of ‘too-big-to-fail’ institutions has been permanently Stangler writes.
“Recent economic trends — away from lifetime jobs and towarx more newcompanies — will thus gain even greatere cultural traction. New and stronger regulationsw aiming to prevent the rise of such giantg organizations also may help create amore market-oriented society.”
Monday, September 3, 2012
How do voters assess candidates' '2 visions'? - Boston Herald
eragywaqer.wordpress.com
NEWS.com.au | How do voters assess candidates' '2 visions'? Boston Herald It is a choice, as President Barack Obama has said repeatedly, "between two fundament » |
Sunday, September 2, 2012
On tap this week - Daytona Beach News-Journal
tenamup.wordpress.com
On tap this week Daytona Beach News-Journal DAYTONA BEACH Daytona State College board of trustees will have a retreat on its master site plan from 8 to noon on Daytona State College's Daytona Beach Campus, in the Wetherell Center (Bldg. 100), Room 402L, 1200 W. International Speedway ... |
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