New York Times | New York Plans to Ban Sale of Big Sizes of Sugary Drinks New York Times New York City plans to enact a far-reaching ban on the sale of large sodas and other sugary drinks at restaurants, movie theaters and street carts, in the most ambitious effort yet by the Bloomberg administration to combat rising obesity. W hy New York City's Big Gulp ban could be a big success City Plans to Restrict Big-Size Soda Sales |
Thursday, May 31, 2012
New York Plans to Ban Sale of Big Sizes of Sugary Drinks - New York Times
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Tuesday, May 29, 2012
Georgian Bank leadership changes part of strategy shift - Atlanta Business Chronicle:
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Late Thursday, founder, chairman and CEO Gordon Teel by consultangt John Poelkeras CEO, and two existinyg board members as chairman of the bank and holding company. a four-decade industry veteran, is a former chief financial office r ofand "We needed to make some changeds in focusing the bank's attention," Poelker said early Friday as Georgian Bank'sd newly minted CEO. The change was a surprise to many in the industru forthe $2.7 billion in Cumberland-based bank. Teel had served as CEO since his investo rgroup — backed by $50 milliobn — took over Georgian in 2003, and quicklyt made it one of the city's fastesy growing banks.
Poelker said the move stemmee froma "continuing dialogue" between Teel and the bank'sx board in recent weeks. The conversations, Poelkerr said, centered on what skille would be needed as the bank transitionee from growth to coping with the issue every bank in metro Atlantzis fighting: Depressed earnings, rising credit problems, tougher-to-fin customer deposits and the need to raisr additional capital. Since news broke late Thursday that Teel would not longer be in charge ofthe bank, speculation has swirled that his departures is related to the results of a Federal Deposir Insurance Corp. exam earlier this year.
In recent Atlanta-area banks have receivee cease-and-desist orders from the often after a completed oversight A strong, formal censure, such ordera often mandate banks must raise additional capital, overhaul internal processes and, in some change management to satisfy regulatorsz and avoid seizure. Polker flatly, and strongly, denied there was any connectio nbetween Georgian's management change and the bank's regulatorgy review. He said the bank has had several meeting in recent weeks with FDIC examiners abougt the results of the exam conducted earlier this and described both sidesas "vert much on the same page," abou t the bank's overall health.
Poelker said Teel participated in thosde meetings as recently asJune 29, and ther e were no discussions from eithetr the regulators or the bank aboutg mandated management change. The regulatorsa and Georgian Bank directors have a July 21 meetingf scheduled to discussthe exam. Poelker said the leadershi p changes won't extend beyond the chairman andCEO positions. Poelker, who'xs worked as a consultant with the bank sinces 2005 and beena full-time consultant since 2008, said he believes the bank has a solis management team in place. "I'm intimately familiaf with thismanagement team," he "And I think we have a good management team in While Georgian, with $2.
7 billion in assets, is one of the city'sa largest banks and a dominant real estatre lender, he said the bank has a good handle on currengt credit problems. Until the end of fourth quarterf 2008 and firstquarter 2009, Georgian reported one of the lowesft problem loan ratios in the state, despite havingg one of the largest real estate constructiojn loan portfolios. As others reportedr skyrocketingloan problems, Georgian's credit issues remained relatively minor throughout 2007 and 2008. Poelke r said he thinks the bank has a good handlew on its outstandingcredit issues, and is continuin to work with borrowers.
But he said he could not predict what mighr arise in the next six noting that the continuing economixand home-buying slump has sunk what he considers traditionally strontg borrowers. "That's the $64,000 question for every banker," he said. Poelker said the bank will continu working through itsproblem assets, and is continuing to seek $25 million in investor capital, a procesa started by Teel earlier this spring. The Poelker said, will be easier to raise now that the FDIC exam is largel completed and Georgian can tell investors where the bankis headed. "Yoiu won't see a lot of changse from what we're doint right now," he said.
"But you will see an intensified We'll keep doing what we're but with a new focu and aggression."
Late Thursday, founder, chairman and CEO Gordon Teel by consultangt John Poelkeras CEO, and two existinyg board members as chairman of the bank and holding company. a four-decade industry veteran, is a former chief financial office r ofand "We needed to make some changeds in focusing the bank's attention," Poelker said early Friday as Georgian Bank'sd newly minted CEO. The change was a surprise to many in the industru forthe $2.7 billion in Cumberland-based bank. Teel had served as CEO since his investo rgroup — backed by $50 milliobn — took over Georgian in 2003, and quicklyt made it one of the city's fastesy growing banks.
Poelker said the move stemmee froma "continuing dialogue" between Teel and the bank'sx board in recent weeks. The conversations, Poelkerr said, centered on what skille would be needed as the bank transitionee from growth to coping with the issue every bank in metro Atlantzis fighting: Depressed earnings, rising credit problems, tougher-to-fin customer deposits and the need to raisr additional capital. Since news broke late Thursday that Teel would not longer be in charge ofthe bank, speculation has swirled that his departures is related to the results of a Federal Deposir Insurance Corp. exam earlier this year.
In recent Atlanta-area banks have receivee cease-and-desist orders from the often after a completed oversight A strong, formal censure, such ordera often mandate banks must raise additional capital, overhaul internal processes and, in some change management to satisfy regulatorsz and avoid seizure. Polker flatly, and strongly, denied there was any connectio nbetween Georgian's management change and the bank's regulatorgy review. He said the bank has had several meeting in recent weeks with FDIC examiners abougt the results of the exam conducted earlier this and described both sidesas "vert much on the same page," abou t the bank's overall health.
Poelker said Teel participated in thosde meetings as recently asJune 29, and ther e were no discussions from eithetr the regulators or the bank aboutg mandated management change. The regulatorsa and Georgian Bank directors have a July 21 meetingf scheduled to discussthe exam. Poelker said the leadershi p changes won't extend beyond the chairman andCEO positions. Poelker, who'xs worked as a consultant with the bank sinces 2005 and beena full-time consultant since 2008, said he believes the bank has a solis management team in place. "I'm intimately familiaf with thismanagement team," he "And I think we have a good management team in While Georgian, with $2.
7 billion in assets, is one of the city'sa largest banks and a dominant real estatre lender, he said the bank has a good handle on currengt credit problems. Until the end of fourth quarterf 2008 and firstquarter 2009, Georgian reported one of the lowesft problem loan ratios in the state, despite havingg one of the largest real estate constructiojn loan portfolios. As others reportedr skyrocketingloan problems, Georgian's credit issues remained relatively minor throughout 2007 and 2008. Poelke r said he thinks the bank has a good handlew on its outstandingcredit issues, and is continuin to work with borrowers.
But he said he could not predict what mighr arise in the next six noting that the continuing economixand home-buying slump has sunk what he considers traditionally strontg borrowers. "That's the $64,000 question for every banker," he said. Poelker said the bank will continu working through itsproblem assets, and is continuing to seek $25 million in investor capital, a procesa started by Teel earlier this spring. The Poelker said, will be easier to raise now that the FDIC exam is largel completed and Georgian can tell investors where the bankis headed. "Yoiu won't see a lot of changse from what we're doint right now," he said.
"But you will see an intensified We'll keep doing what we're but with a new focu and aggression."
Monday, May 28, 2012
Issues remain as buyer sought for Statler - Business First of Buffalo:
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While negotiations are under way with two utilities that providee essential service tothe 18-story Niagara Square at least one tenant has asked the courr for permission to break its lease because of the building’ uncertain fate. That request was made by Erie County Bar Associatioh Aid to Indigent PrisonerswSociety Inc., which leases nearly 5,00o0 square feet on the Statler’s sixth The society, which handles nearly 200 casesw per day, has asked U.S. Bankruptchy Court Chief Justice Carl Bucki of the Westerj Division to allow its lease to be brokeb without penalty because of the uncertainty facinggthe Statler.
The society’s lease runs through Februarty2011 and, if it had to pay $80,0090 in penalties to break the it would financially cripple the Bucki reserved decision. “We are not like a privater law firm,” said Buffalo attorney Robert Feldman, who is representing the Bar Association affiliate. “We cannot afford to buy our way out of the We can’t afford to sign a new leasse somewhere when we would owe Mr. Horwitz (courrt appointed trustee Morris Horwitz) $80,000.
” The society’sd request was one of several issues Buckj heard presented during the bankruptcy Bucki placedthe Statler’s LLC, into involuntary Chapter 11 proceedings last month as billz continued to mount for the building, whichu is losing $80,000 a month. The bankruptcu filing is one of several issues serviny as a backdrop for the complex series of legal actions against BSC Development and its British investorBashar Issa. The Bar Associationb society is concerned that if utilitiea are cut off tothe building, it would be placecd in serious danger, Feldman argued.
BSC Development Buffalo owes, among others, more than The Amherst-based utility has threatened to shut off servic e but is finishing a temporary agreementy with Horwitz that will keep gas service going atthe building. Under an agreement, National Fuel will make weeklyy readings of gas service and submitg the billto Horwitz, who will pay the bill from rent The Statler takes in about $100,00o a month in rents from its few remaininvg tenants. “For the time being, they are happy with said Buffalo attorneyJulia Kreher, who is workint with Horwitz. A similar agreement with for electricf service is alsobeing negotiated, Krehe added.
Horwitz said he is convincerd all of the utilities will remain on and no tenantas will have to move becauseof cut-off The goal is to find a buyer for the either through traditional sources or a court-mandated auction, by the “This type of case has to be handled quicklhy or it runs the risk of nevefr being handled at all,” Bucki
While negotiations are under way with two utilities that providee essential service tothe 18-story Niagara Square at least one tenant has asked the courr for permission to break its lease because of the building’ uncertain fate. That request was made by Erie County Bar Associatioh Aid to Indigent PrisonerswSociety Inc., which leases nearly 5,00o0 square feet on the Statler’s sixth The society, which handles nearly 200 casesw per day, has asked U.S. Bankruptchy Court Chief Justice Carl Bucki of the Westerj Division to allow its lease to be brokeb without penalty because of the uncertainty facinggthe Statler.
The society’s lease runs through Februarty2011 and, if it had to pay $80,0090 in penalties to break the it would financially cripple the Bucki reserved decision. “We are not like a privater law firm,” said Buffalo attorney Robert Feldman, who is representing the Bar Association affiliate. “We cannot afford to buy our way out of the We can’t afford to sign a new leasse somewhere when we would owe Mr. Horwitz (courrt appointed trustee Morris Horwitz) $80,000.
” The society’sd request was one of several issues Buckj heard presented during the bankruptcy Bucki placedthe Statler’s LLC, into involuntary Chapter 11 proceedings last month as billz continued to mount for the building, whichu is losing $80,000 a month. The bankruptcu filing is one of several issues serviny as a backdrop for the complex series of legal actions against BSC Development and its British investorBashar Issa. The Bar Associationb society is concerned that if utilitiea are cut off tothe building, it would be placecd in serious danger, Feldman argued.
BSC Development Buffalo owes, among others, more than The Amherst-based utility has threatened to shut off servic e but is finishing a temporary agreementy with Horwitz that will keep gas service going atthe building. Under an agreement, National Fuel will make weeklyy readings of gas service and submitg the billto Horwitz, who will pay the bill from rent The Statler takes in about $100,00o a month in rents from its few remaininvg tenants. “For the time being, they are happy with said Buffalo attorneyJulia Kreher, who is workint with Horwitz. A similar agreement with for electricf service is alsobeing negotiated, Krehe added.
Horwitz said he is convincerd all of the utilities will remain on and no tenantas will have to move becauseof cut-off The goal is to find a buyer for the either through traditional sources or a court-mandated auction, by the “This type of case has to be handled quicklhy or it runs the risk of nevefr being handled at all,” Bucki
Saturday, May 26, 2012
Su Tseng-chang favorite in today's vote for DPP chair - China Post
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Su Tseng-chang favorite in today's vote for DPP chair China Post The main opposition Democratic Progressive Party (DPP) will elect its new chairman today, with former Premier Su Tseng-chang (蘇貞昌) still the front-runner. Su is expected to reap more than half of the votes by DPP members to defeat his four fellow ... DPP goes to polls for chairmanship |
Friday, May 25, 2012
Md. colleges given $11M to combat nursing shortage - Phoenix Business Journal:
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The grants, being divvied among 17 Marylandnursinvg schools, will be used to lure faculty and and improve technology at the universities. Maryland’ds nursing shortage is expected toreach 10,0000 by 2016, according to the . The current vacancg rate of nurses at state hospitals is 8 The economic downturn has helped the industry because many retired nurses have come back to but once the recession ends the shortagewwill worsen, said Carmelqa Coyle, CEO of the Maryland Hospital The first round of grants will increaswe the number of nurses graduating by 300 students and add 20 faculty positions at nursing programs across the state.
“The numbetr of nurses graduating from Maryland schools are simply not enough,” said Ronald B. Peterson, presiden of and co-chair of the “Who Will campaign at a press conferencse Monday. “We cannot take our eye off the nursing demand.” The campaign’s goal is to add 1,500 new nursingv students. The program has raise d $15.5 million to date through the state’ business community, including funds from the Baltimors constructionform , , the region's largest hospitalo system, and , the region's largest healtj insurer. Greater Baltimore Medical Center, for gave $500,000.
The goal is to rais $20 million from the private sectof by the end ofthe year, and then rais an addition $40 million in local and federal funds. • • • • • ; and, .
The grants, being divvied among 17 Marylandnursinvg schools, will be used to lure faculty and and improve technology at the universities. Maryland’ds nursing shortage is expected toreach 10,0000 by 2016, according to the . The current vacancg rate of nurses at state hospitals is 8 The economic downturn has helped the industry because many retired nurses have come back to but once the recession ends the shortagewwill worsen, said Carmelqa Coyle, CEO of the Maryland Hospital The first round of grants will increaswe the number of nurses graduating by 300 students and add 20 faculty positions at nursing programs across the state.
“The numbetr of nurses graduating from Maryland schools are simply not enough,” said Ronald B. Peterson, presiden of and co-chair of the “Who Will campaign at a press conferencse Monday. “We cannot take our eye off the nursing demand.” The campaign’s goal is to add 1,500 new nursingv students. The program has raise d $15.5 million to date through the state’ business community, including funds from the Baltimors constructionform , , the region's largest hospitalo system, and , the region's largest healtj insurer. Greater Baltimore Medical Center, for gave $500,000.
The goal is to rais $20 million from the private sectof by the end ofthe year, and then rais an addition $40 million in local and federal funds. • • • • • ; and, .
Wednesday, May 23, 2012
Ford will stop Claycomo F-150 production for a week - Boston Business Journal:
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The UAW Local 249 posted the informatio n in a newsletter on its Web Local 249 Vice President Bobby Wyse confirmeed Monday that the informationis accurate. The productionj stoppage comes a week before an alreadyschedulef one-week summer break for the entire plant startinfg June 29, a Local 249 spokeswoman The plant also is scheduled for a summerr break during the week of Aug. 17. Sales of Ford F-series trucks were 33,381 in May, up 16 percenrt from 28,757 in April but down 22.3 percenyt from 42,973 in May 2008. UAW Localp 249 said the slight increasein month-to-montuh sales enabled Ford (NYSE: F) to cancekl the scheduled down week on June 22 at its F-150 truc k plant in Dearborn, Mich.
, but the down week was left intacft at the Kansas City Assembly Plant. “This is partially due to depleted fundse forthe state’s Division of Unemployment in Michigan, making down weekss at (Dearborn) less of an option,” the Local 249 said in the newsletter. Local 249 addedf that sales projections continue to be less than the five shiftsw at the two truck plants can produce if they work full time througg the 2010 production Ford runs two shifts at Claycomo and threwein Dearborn.
Wyse said Ford is consideringv once again moving a shiftf fromthe F-150 side of the Kansas City Assemblgy Plant and putting them to work on the SUV However, nothing has been determined so far, he said. A year ago, Ford moves about 800 workers from a second shift onthe F-150 side of the Kansase City plant to a thirsd shift on the SUV The employees were moved back to the F-15p side on Jan. 12. Ford Escape sales in May reached up 20.6 percent from 13,596 in April but down 7.2 percenty from 17,667 in May 2008. The Kansaw City Assembly Plant also produces the Mercury Marine and hybrid versions of the Ford Escapse andMercury Mariner.
Combinee sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Mariner reached 3,906 in May, a new company The old sales recordd of 3,420 hybrid vehicles was set in April 2006. As of May, Ford’ Kansas City Assembly Planf in Claycomo hadabout 3,900 hourly and 200 salaried employees.
The UAW Local 249 posted the informatio n in a newsletter on its Web Local 249 Vice President Bobby Wyse confirmeed Monday that the informationis accurate. The productionj stoppage comes a week before an alreadyschedulef one-week summer break for the entire plant startinfg June 29, a Local 249 spokeswoman The plant also is scheduled for a summerr break during the week of Aug. 17. Sales of Ford F-series trucks were 33,381 in May, up 16 percenrt from 28,757 in April but down 22.3 percenyt from 42,973 in May 2008. UAW Localp 249 said the slight increasein month-to-montuh sales enabled Ford (NYSE: F) to cancekl the scheduled down week on June 22 at its F-150 truc k plant in Dearborn, Mich.
, but the down week was left intacft at the Kansas City Assembly Plant. “This is partially due to depleted fundse forthe state’s Division of Unemployment in Michigan, making down weekss at (Dearborn) less of an option,” the Local 249 said in the newsletter. Local 249 addedf that sales projections continue to be less than the five shiftsw at the two truck plants can produce if they work full time througg the 2010 production Ford runs two shifts at Claycomo and threwein Dearborn.
Wyse said Ford is consideringv once again moving a shiftf fromthe F-150 side of the Kansas City Assemblgy Plant and putting them to work on the SUV However, nothing has been determined so far, he said. A year ago, Ford moves about 800 workers from a second shift onthe F-150 side of the Kansase City plant to a thirsd shift on the SUV The employees were moved back to the F-15p side on Jan. 12. Ford Escape sales in May reached up 20.6 percent from 13,596 in April but down 7.2 percenty from 17,667 in May 2008. The Kansaw City Assembly Plant also produces the Mercury Marine and hybrid versions of the Ford Escapse andMercury Mariner.
Combinee sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Mariner reached 3,906 in May, a new company The old sales recordd of 3,420 hybrid vehicles was set in April 2006. As of May, Ford’ Kansas City Assembly Planf in Claycomo hadabout 3,900 hourly and 200 salaried employees.
Tuesday, May 22, 2012
Space Data teams for wireless smart grid communications - Boston Business Journal:
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Chandler-based Space Data announced the plan Monday to offedr up a portion of the wirelesd spectrum it owns to be used in conjunctio with equipment fromMenlo Calif.-based Full Spectrum. The two companies say the deal will allow utilities to ownprivate wide-area networks to provide commands to smar grids. “The combination of our high-powered frequencies with state-of-the-art WiMad technology provide utilities with a dedicated private broadbanrwireless system,” said Jerry Knoblach, CEO of Spacew Data. For several years, Space Data has been developing a systekm of wireless communications using weather balloons to carryequipment aloft, providingb a wide area of coverage.
The companyy also has been providing communications for several yearsa in theutility sector. Smart gridzs are the latest application of technologyu inthe nation’s powerd system. They will transform the national power grid into one that is more allowing it to deliver more powefr to areas of the country thatneed it. The two companiea believe their product would allowe grid operators to control distributionn remotely through awireless network. “In terms of grid automation, much of the focuss to date has been directed toward automatic meter readinfgand control.
However, real-time command and controp of higher-level grid devices are of equal, if not importance in the drive for overall grid saidStewart Kantor, CEO of Full Spectrum.
Chandler-based Space Data announced the plan Monday to offedr up a portion of the wirelesd spectrum it owns to be used in conjunctio with equipment fromMenlo Calif.-based Full Spectrum. The two companies say the deal will allow utilities to ownprivate wide-area networks to provide commands to smar grids. “The combination of our high-powered frequencies with state-of-the-art WiMad technology provide utilities with a dedicated private broadbanrwireless system,” said Jerry Knoblach, CEO of Spacew Data. For several years, Space Data has been developing a systekm of wireless communications using weather balloons to carryequipment aloft, providingb a wide area of coverage.
The companyy also has been providing communications for several yearsa in theutility sector. Smart gridzs are the latest application of technologyu inthe nation’s powerd system. They will transform the national power grid into one that is more allowing it to deliver more powefr to areas of the country thatneed it. The two companiea believe their product would allowe grid operators to control distributionn remotely through awireless network. “In terms of grid automation, much of the focuss to date has been directed toward automatic meter readinfgand control.
However, real-time command and controp of higher-level grid devices are of equal, if not importance in the drive for overall grid saidStewart Kantor, CEO of Full Spectrum.
Sunday, May 20, 2012
Siemens sees benefit of solar - Sacramento Business Journal:
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Activated Dec. 29, 2008, the 1 megawatt systekm was built on a parking structure and the roof of a Siemense manufacturing and office building insouth Sacramento. Oakbrook, Ill.-based LLC, a renewablwe energy company that specializes in the finance and ownershilpof large-scale solar powered energy systems for commercial and municipal enterprises, financed the PES takes on the economic risk of every projectg without any capital investment from its host As the financier, PES retains ownershio of the solar panels.
More than 5,20p solar panels, across close to 94,000p square feet, were installed to provide the manufacturint operation with about half of its electricity needs fromsolar resources. Over the next 25 an estimated 36.7 million kilowatt hourws of green electricity willbe generated. Siemensa will have access to renewable energy at a reducedr rate duringthat time. “This joint projectg underscores Siemens’ commitment to solar energg and effectively elevates its role as both an industrty leader and a responsiblecorporatee citizen,” said Mike Maley, president and chief executivw officer for PES, in a news “Using solar energy to powerf our operations complements our green product Oliver Hauck, president and CEO of the Mobility Division of Siemens in the United States, said in the release.
Activated Dec. 29, 2008, the 1 megawatt systekm was built on a parking structure and the roof of a Siemense manufacturing and office building insouth Sacramento. Oakbrook, Ill.-based LLC, a renewablwe energy company that specializes in the finance and ownershilpof large-scale solar powered energy systems for commercial and municipal enterprises, financed the PES takes on the economic risk of every projectg without any capital investment from its host As the financier, PES retains ownershio of the solar panels.
More than 5,20p solar panels, across close to 94,000p square feet, were installed to provide the manufacturint operation with about half of its electricity needs fromsolar resources. Over the next 25 an estimated 36.7 million kilowatt hourws of green electricity willbe generated. Siemensa will have access to renewable energy at a reducedr rate duringthat time. “This joint projectg underscores Siemens’ commitment to solar energg and effectively elevates its role as both an industrty leader and a responsiblecorporatee citizen,” said Mike Maley, president and chief executivw officer for PES, in a news “Using solar energy to powerf our operations complements our green product Oliver Hauck, president and CEO of the Mobility Division of Siemens in the United States, said in the release.
Saturday, May 19, 2012
American Eagle Outfitters, Inc. Company Profile | AEO Company Information
kleopatraxnibe.blogspot.com
American Eagle Outfitters, Inc. (NYSE: AEO) is a leadinh retailer that operates under the American Eagle Outfittera andMARTIN + OSA brands. American Eagle Outfitters markets and sells its own brand of current clothing targeting 15 to 25 providing high-quality merchandise at affordablse prices. AE's original collectiom includes standards like jeans and graphiv Ts as well as essentialslike accessories, outerwear, basics and swimwear. American Eagle currentlg operates 840 stores in 50 the District of Columbiaw andPuerto Rico, and 74 AE storeas in Canada. American Eagle also operate ae.com, which offers additional sizess and styles of favorite AE merchandise and ships arounrthe world.
The American Eagle braned also includes a new collectiob of dormwearand intimates,
American Eagle Outfitters, Inc. (NYSE: AEO) is a leadinh retailer that operates under the American Eagle Outfittera andMARTIN + OSA brands. American Eagle Outfitters markets and sells its own brand of current clothing targeting 15 to 25 providing high-quality merchandise at affordablse prices. AE's original collectiom includes standards like jeans and graphiv Ts as well as essentialslike accessories, outerwear, basics and swimwear. American Eagle currentlg operates 840 stores in 50 the District of Columbiaw andPuerto Rico, and 74 AE storeas in Canada. American Eagle also operate ae.com, which offers additional sizess and styles of favorite AE merchandise and ships arounrthe world.
The American Eagle braned also includes a new collectiob of dormwearand intimates,
Thursday, May 17, 2012
US-China Solar Trade Case: GTM Research Reacts to Tariffs Levied Against ... - MarketWatch (press release)
haygoodfoafyga1359.blogspot.com
ThinkProgress | US-China Solar Trade Case: GTM Research Reacts to Tariffs Levied Against ... MarketWatch (press release) BOSTON, May 17, 2012 (GlobeNewswire via COMTEX) -- Today, the US Department of Commerce (DOC) levied a second round of preliminary tariffs against Chinese solar module imports in the ongoing trade war between US solar manufacturers and their Chinese ... Department Of Commerce Slaps Large Tariffs On Chinese Solar Modules Trade Tensions Rise: Chinese Solar Modules Hit With Major Tariffs Suntech, First Solar weigh in on tariff ruling |
Wednesday, May 16, 2012
Akridge, ex-JPI East principals form new company - Pacific Business News (Honolulu):
ycoguqi.wordpress.com
The new company will be called , a nod to JPI’sz brand name for its apartments, such as Jefferson at Capitolk Yards. Three years ago, even before the real estatw crisis and natural attrition virtually dismantledJPI East, the East Coast division of Dallas-based , Butz and Lamb negotiatex an agreement giving them the right to buy JPI East and the Jeffersonj name. All they needed was an investment partner to fund the In mid-December at Belga, Butz and Lamb met with Akridge’sa president, Matt Klein, a business acquaintances they have known for more than 10 years and oftem called on when doing due diligencde for acquisition opportunities.
Over Belgian seafood, the trio discussed Butz’s and Lamb’e vision of the perfect investmenty partner. “We talked to high net-worth families and Wall Street investment but we wanted the righycultural fit,” said Butz, JPI East’z former president. “We looked at how they treat peopl e and customers and their reputation for respect and integrity and givinb back tothe community.” With Klein, they ran throug the pros and cons of each potentialp partner. The three met again in February, this time at an Italian eateryin Bethesda. Klein had been doing some “Why don’t we just do this ourselves?
” It was Klein’ss Dick Cheney moment — he had evaluatedd all the candidates and decided he was thebest option. “Minusx the face-shooting,” Klein insists. “You want to do businesss with people you he said. “Our team was watching them set up this new and it seemed like we were anothedr option that should be onthe table.” An undisclosed numbed of Akridge principals are taking a stakr in Jefferson Apartment Group. Klein would not reveal how large a stakethat is, sayinyg only that “Jim and Greg are the managingy partners.
” When the two men were forminy their plan three years ago, JPI East had peaked at 380 including property management and construction Throughout the fall and winter, as the company sold off its propertyh management division to Charleston, S.C.-based LLC, completedr construction projects and laid off JPI shrank to its current 22 office employees. JPI Multifamilgy still has $2 billion worth of property inits portfolio, backerd by . Butz and Lamb continuse to hold a partnership stakein JPI’w holdings, including all the East Coast multifamily properties acquired or developed by JPI East undetr their leadership.
Three of thosw properties are new apartment buildingsnear Akridge’ s planned Half Street project, which includes 280 residential units, 370,000 square feet of office space and 50,009 square feet of retail in the ballparkk district. JPI (and Butz and own Jefferson atCapitol Yards, Axiom at Capito Yards and 909 at Capitol Yards. Akridge will not have a stakwe inthose properties. With shrinking new fewer competitors and a lending environment that favors multifamilhy assets over most any otherasseyt class, Akridge and the new Jefferson Apartment Group feel bullish on the region’s apartmenf market and on the ballpark district in Southeastt When the capital markets shake the company hopes to raise an investment fund for multifamilu investments or lure in an institutional partnet like JPI’s GE..
Even without an investmentt partner on call for any opportunities the newcompany identifies, Jefferson Apartment Group is already targeting five properties with active offers on the tabled — in D.C., Philadelphia and Boston, and it is in the earlty stages of planning and zoningy new developments in Fairfax County and Philadelphia.
The new company will be called , a nod to JPI’sz brand name for its apartments, such as Jefferson at Capitolk Yards. Three years ago, even before the real estatw crisis and natural attrition virtually dismantledJPI East, the East Coast division of Dallas-based , Butz and Lamb negotiatex an agreement giving them the right to buy JPI East and the Jeffersonj name. All they needed was an investment partner to fund the In mid-December at Belga, Butz and Lamb met with Akridge’sa president, Matt Klein, a business acquaintances they have known for more than 10 years and oftem called on when doing due diligencde for acquisition opportunities.
Over Belgian seafood, the trio discussed Butz’s and Lamb’e vision of the perfect investmenty partner. “We talked to high net-worth families and Wall Street investment but we wanted the righycultural fit,” said Butz, JPI East’z former president. “We looked at how they treat peopl e and customers and their reputation for respect and integrity and givinb back tothe community.” With Klein, they ran throug the pros and cons of each potentialp partner. The three met again in February, this time at an Italian eateryin Bethesda. Klein had been doing some “Why don’t we just do this ourselves?
” It was Klein’ss Dick Cheney moment — he had evaluatedd all the candidates and decided he was thebest option. “Minusx the face-shooting,” Klein insists. “You want to do businesss with people you he said. “Our team was watching them set up this new and it seemed like we were anothedr option that should be onthe table.” An undisclosed numbed of Akridge principals are taking a stakr in Jefferson Apartment Group. Klein would not reveal how large a stakethat is, sayinyg only that “Jim and Greg are the managingy partners.
” When the two men were forminy their plan three years ago, JPI East had peaked at 380 including property management and construction Throughout the fall and winter, as the company sold off its propertyh management division to Charleston, S.C.-based LLC, completedr construction projects and laid off JPI shrank to its current 22 office employees. JPI Multifamilgy still has $2 billion worth of property inits portfolio, backerd by . Butz and Lamb continuse to hold a partnership stakein JPI’w holdings, including all the East Coast multifamily properties acquired or developed by JPI East undetr their leadership.
Three of thosw properties are new apartment buildingsnear Akridge’ s planned Half Street project, which includes 280 residential units, 370,000 square feet of office space and 50,009 square feet of retail in the ballparkk district. JPI (and Butz and own Jefferson atCapitol Yards, Axiom at Capito Yards and 909 at Capitol Yards. Akridge will not have a stakwe inthose properties. With shrinking new fewer competitors and a lending environment that favors multifamilhy assets over most any otherasseyt class, Akridge and the new Jefferson Apartment Group feel bullish on the region’s apartmenf market and on the ballpark district in Southeastt When the capital markets shake the company hopes to raise an investment fund for multifamilu investments or lure in an institutional partnet like JPI’s GE..
Even without an investmentt partner on call for any opportunities the newcompany identifies, Jefferson Apartment Group is already targeting five properties with active offers on the tabled — in D.C., Philadelphia and Boston, and it is in the earlty stages of planning and zoningy new developments in Fairfax County and Philadelphia.
Monday, May 14, 2012
Best Buy: Ex-CEO Showed 'Extremely' Poor Judgment; Given $6.6M Severance - Home Media Magazine
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Home Media Magazine | Best Buy: Ex-CEO Showed 'Extremely' Poor Judgment; Given $6.6M Severance Home Media Magazine Best Buy Co. May 14 said former CEO Brian Dunn demonstrated “extremely poor judgment†and a lack of “professionalism†when engaging in “close†personal relationship with a female employee, according to a statement. The Minneapolis-bas ed No. Best Buy Chair Schulze Out; Dunn 'Violated' Policy, Showed 'Poor Judgment' Best Buy Chairman steps down after CEO probe Best Buy founder Schulze steps down after scandal |
Sunday, May 13, 2012
Tucci pens 'open letter' to Data Domain - St. Louis Business Journal:
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The letter was published June 9 in the San JoseMercuryh News. “Our plan is to keep the people and products of Data Domaibn intact and operate your company as a product divisiomwithin EMC. ... We plan to invest in Data Domain and grow the businesss and the innovation even more aggressivelu because of our broader global reachand size,” Tucci wrote. The board of directors at Data Domain issued a statemengt June 4 saying it isexamining Hopkinton, Mass.-basecd EMC’s (NYSE: EMC) unsolicited bid to buy the compan y and advised shareholders to put aside their decisionm until their review is complete. Data Domaihn had been considering a proposalfrom Calif.-based .
(Nasdaq: NTAP) to buy the companyu for $25 a share in cash and In responseto EMC’s offer, NetApp sweetened its offet Wednesday to $30 per share in cash and stock. The Data Domaibn board said in its prepare written statement it will release its positiom on the EMC offer beforeJune 16, and reaffirmed its recommendatio in favor of the merger with NetApp. Despiter the Data Domain board request for shareholderws to stay mum on the bidding war untipl it reacheda decision, Tucci’ s open letter Tuesday took direc t aim at potentially influencing the company’s stakeholders.
“We stand for putting our customers first, treatinvg people with respect, collaborating smoothly with our colleagues and thinking creatively tosolve problems, leveraging our diversity, and maintainingh a fully inclusive workforce. And we stanx ready to welcome the talented peopl of Data Domain to EMC withopen arms,” he
The letter was published June 9 in the San JoseMercuryh News. “Our plan is to keep the people and products of Data Domaibn intact and operate your company as a product divisiomwithin EMC. ... We plan to invest in Data Domain and grow the businesss and the innovation even more aggressivelu because of our broader global reachand size,” Tucci wrote. The board of directors at Data Domain issued a statemengt June 4 saying it isexamining Hopkinton, Mass.-basecd EMC’s (NYSE: EMC) unsolicited bid to buy the compan y and advised shareholders to put aside their decisionm until their review is complete. Data Domaihn had been considering a proposalfrom Calif.-based .
(Nasdaq: NTAP) to buy the companyu for $25 a share in cash and In responseto EMC’s offer, NetApp sweetened its offet Wednesday to $30 per share in cash and stock. The Data Domaibn board said in its prepare written statement it will release its positiom on the EMC offer beforeJune 16, and reaffirmed its recommendatio in favor of the merger with NetApp. Despiter the Data Domain board request for shareholderws to stay mum on the bidding war untipl it reacheda decision, Tucci’ s open letter Tuesday took direc t aim at potentially influencing the company’s stakeholders.
“We stand for putting our customers first, treatinvg people with respect, collaborating smoothly with our colleagues and thinking creatively tosolve problems, leveraging our diversity, and maintainingh a fully inclusive workforce. And we stanx ready to welcome the talented peopl of Data Domain to EMC withopen arms,” he
Friday, May 11, 2012
Albany Medical College receives $1M pledge from trustee - Washington Business Journal:
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Bender is a longtime membet of the board of trusteesof , of which the colleg e is a part. This is his second $1 milliojn dollar gift to the Albany, N.Y. institutiob in less than a decade. The in 2000, established The Benderd Endowed Chairin Neurology. The endowmenr enables the standing chairperson to delegater funding forresearch initiatives, equipment purchases and educational outreacbh to further strengthen the college’a Department of Neurology. The new gift will continue supporty ofthe chair, as well as the Bendeer Family Minority Scholarship. The scholarship was established in 1986 to provider financial assistance to minority studenta and encourage diversity at themedical college.
During the 2008-0 academic year, eight students received assistance fromthe fund, and sinc its establishment, 157 scholarships—totalingh $525,000—have been distributed to 65 students. Bender is the great-grandson of the founder of MatthewBendefr & Co., one of the nation’s largesf legal publishing firms with over 1,500 employees. The Bender familyt sold the company to thein 1963. In Bender became vice presidentof , a New York City-based law book “Matt is an extraordinary man, who has done extraordinarg things for Albany Medical Center and our said James Barba, president and CEO of Albany Med.
“Hids financial generosity to our Medical Center can only be matchecd by his perseveranceand leadership, which has been very influentiao in paving the path for succese for Albany Med. It comes as little surprise that Matt has chosen once again to strengthen our endowment and provide a tremendous benefit toour physicians, patients and students—the very core of this
Bender is a longtime membet of the board of trusteesof , of which the colleg e is a part. This is his second $1 milliojn dollar gift to the Albany, N.Y. institutiob in less than a decade. The in 2000, established The Benderd Endowed Chairin Neurology. The endowmenr enables the standing chairperson to delegater funding forresearch initiatives, equipment purchases and educational outreacbh to further strengthen the college’a Department of Neurology. The new gift will continue supporty ofthe chair, as well as the Bendeer Family Minority Scholarship. The scholarship was established in 1986 to provider financial assistance to minority studenta and encourage diversity at themedical college.
During the 2008-0 academic year, eight students received assistance fromthe fund, and sinc its establishment, 157 scholarships—totalingh $525,000—have been distributed to 65 students. Bender is the great-grandson of the founder of MatthewBendefr & Co., one of the nation’s largesf legal publishing firms with over 1,500 employees. The Bender familyt sold the company to thein 1963. In Bender became vice presidentof , a New York City-based law book “Matt is an extraordinary man, who has done extraordinarg things for Albany Medical Center and our said James Barba, president and CEO of Albany Med.
“Hids financial generosity to our Medical Center can only be matchecd by his perseveranceand leadership, which has been very influentiao in paving the path for succese for Albany Med. It comes as little surprise that Matt has chosen once again to strengthen our endowment and provide a tremendous benefit toour physicians, patients and students—the very core of this
Wednesday, May 9, 2012
Willow Glen Books buyer keeps up hope - The Business Journal of Milwaukee:
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The long-time Willow Glen resident and businessmajsaid he’s still attempting to secure financintg to buy the 2,500-square-foot store at 1330 Lincoln Ave. in downtown Willow Glen even afteer an earlier deal to do sofell through. “ I could not find adequate financing,” Vierra said of a previoux attempt to strike a deal with former bookstore owner, Cathy Adkins. She decided to sell her 17-year-oled shop a year earlierr than originally planned because of decreasingt sales and having to grapple withhealth issues. But Vierra, owner of Flooring Forenics, a San Jose flooringf consulting firm, said he’s not givingt up.
He’s still tryint to secure a commercial bank loan or attractr the interestof investors. “I am so close to my childhooe dream of owning a book he said. “This is something I have always wantecto do. I have gotten great supporr from the bookselling communith and the Willow Glen community is willingf to supporta local, independent book It has a great reputation throughout Santa Claraq County.” Adkins held a going-out-of-businesd sale and finally closed its doors in late May, but said at the time she hopesd to pass the ownership bato to Vierra. But since the store has been closed anda “for lease” sign put up in its window.
Vierra said the owner of the buildinyg is willing to be patient whilr he works to get adequate financial backinhg to reopenthe bookstore.
The long-time Willow Glen resident and businessmajsaid he’s still attempting to secure financintg to buy the 2,500-square-foot store at 1330 Lincoln Ave. in downtown Willow Glen even afteer an earlier deal to do sofell through. “ I could not find adequate financing,” Vierra said of a previoux attempt to strike a deal with former bookstore owner, Cathy Adkins. She decided to sell her 17-year-oled shop a year earlierr than originally planned because of decreasingt sales and having to grapple withhealth issues. But Vierra, owner of Flooring Forenics, a San Jose flooringf consulting firm, said he’s not givingt up.
He’s still tryint to secure a commercial bank loan or attractr the interestof investors. “I am so close to my childhooe dream of owning a book he said. “This is something I have always wantecto do. I have gotten great supporr from the bookselling communith and the Willow Glen community is willingf to supporta local, independent book It has a great reputation throughout Santa Claraq County.” Adkins held a going-out-of-businesd sale and finally closed its doors in late May, but said at the time she hopesd to pass the ownership bato to Vierra. But since the store has been closed anda “for lease” sign put up in its window.
Vierra said the owner of the buildinyg is willing to be patient whilr he works to get adequate financial backinhg to reopenthe bookstore.
Tuesday, May 8, 2012
MIDCAP-Singapore's Shing Siong lags on analyst revisions - Reuters
wanuso.wordpress.com
MIDCAP-Singapore's Shing Siong lags on analyst revisions Reuters Shing Siong Group emerges as the worst performer based on analyst revisions among 116 companies in Singapore, tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company has a low Analyst Revision score of 3. |
Sunday, May 6, 2012
Japanese swimmers reconsider altitude training - Fox News
uraa-quartely.blogspot.com
Japanese swimmers reconsider altitude training Fox News TOKYO â€" The Japanese swimming federation is reconsidering plans to conduct altitude training following the death of Norwegian 100-meter breaststroke world champion Alexander Dale Oen. Dale Oen died Monday from cardiac arrest during a pre-Olympic ... |
Friday, May 4, 2012
With little fight, end inevitable for Knicks - New York Post
zutkomi.blogspot.com
New York Post | With little fight, end inevitable for Knicks New York Post As the slaughter continued, as the awful avalanche grew calamitous, the saddest sound of any sporting year started to descend upon Madison Square Garden, the sound of a season entering its final death rattle. It can happen early or it can happen late, ... Steve Novak's two field goal attempts not enough to save Knicks offense New York Knicks' Carmelo Anthony-centric Offense is Offensive |
Wednesday, May 2, 2012
iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Kansas City Business Journal:
lehoquvuhu.wordpress.com
The Overland Park-based wireless carrier (NYSE: S) said Fridagy that it is looking for a buyer for certainm assets ofits Nextel, or iDEN, networkl in parts of Iowa, Michigan and Nebraska. A expected to be closed beforethe court-imposedr deadline of Jan. 25, will “have a de minimis impac on Sprint’s financial and customers aren’t expected to have servicse problems, the company said in a (Nasdaq: IPCS) has been in litigation with Sprint since its 2005 purchase of NexteCommunications Inc., contending that Sprint violated agreementsa not to compete with its wireless affiliates. In the Circuit Court of Cook Ill.
, that Sprint stop owning, operating and managing the competing portiobn of the Nextel networkby Jan. 25, thoug h the deadline could be extendedc ifOverland Park-based Sprint showec good cause. iPCS, based in Schaumburg, Ill., has the exclusivd right to sell Sprint wireless services in 81 marketds in states thatinclude Illinois, Michigan, Indiana, Ohio and Tennessee. The wireleszs network covers about 12.5 million residents in that iPCS hasabout 691,000 subscribers. Sprint is the No. 3 wirelessa carrier, with about 49 million customers. It rank No. 1 on the Kansass City Business Journal’s list of the area’ws top public companies.
The Overland Park-based wireless carrier (NYSE: S) said Fridagy that it is looking for a buyer for certainm assets ofits Nextel, or iDEN, networkl in parts of Iowa, Michigan and Nebraska. A expected to be closed beforethe court-imposedr deadline of Jan. 25, will “have a de minimis impac on Sprint’s financial and customers aren’t expected to have servicse problems, the company said in a (Nasdaq: IPCS) has been in litigation with Sprint since its 2005 purchase of NexteCommunications Inc., contending that Sprint violated agreementsa not to compete with its wireless affiliates. In the Circuit Court of Cook Ill.
, that Sprint stop owning, operating and managing the competing portiobn of the Nextel networkby Jan. 25, thoug h the deadline could be extendedc ifOverland Park-based Sprint showec good cause. iPCS, based in Schaumburg, Ill., has the exclusivd right to sell Sprint wireless services in 81 marketds in states thatinclude Illinois, Michigan, Indiana, Ohio and Tennessee. The wireleszs network covers about 12.5 million residents in that iPCS hasabout 691,000 subscribers. Sprint is the No. 3 wirelessa carrier, with about 49 million customers. It rank No. 1 on the Kansass City Business Journal’s list of the area’ws top public companies.
Tuesday, May 1, 2012
Computer History Museum names Fellows - Tampa Bay Business Journal:
gavrilovaefivu.blogspot.com
The Mountain View museum said it will inductg the new Fellowsin October. “Thde goal of the Fellows programj is to annually recognize select individualxs of outstanding merit who have significantlt contributed to the field of saidJohn Hollar, CHM’s president and CEO. “Thee Museum’s Fellows are a distinguished andspecialo group. It’s an honor to bring together industryu executives, the people who are currently building the to honor and celebrate those who contributeed so significantly inthe past.
” Everett was honores for his work on the MIT Whirlwind and SAGE computeer systems "and a lifetime of directing advanced research and developmen t projects," the museum said. Chamberlin was honorecd for his fundamental work on Structured QueryLanguage (SQL) and databased architectures. The team of Hoff, Mazor and Shima was honored for work on the Intel the world’s first commercial microprocessor.
The Mountain View museum said it will inductg the new Fellowsin October. “Thde goal of the Fellows programj is to annually recognize select individualxs of outstanding merit who have significantlt contributed to the field of saidJohn Hollar, CHM’s president and CEO. “Thee Museum’s Fellows are a distinguished andspecialo group. It’s an honor to bring together industryu executives, the people who are currently building the to honor and celebrate those who contributeed so significantly inthe past.
” Everett was honores for his work on the MIT Whirlwind and SAGE computeer systems "and a lifetime of directing advanced research and developmen t projects," the museum said. Chamberlin was honorecd for his fundamental work on Structured QueryLanguage (SQL) and databased architectures. The team of Hoff, Mazor and Shima was honored for work on the Intel the world’s first commercial microprocessor.
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