Charlotte Observer | Man arrested in fatal shooting Hickory Daily Record Crime Scene Investigator Gene Walker with the Hickory Police Department gathers information at a crime scene where Steven Darnell Simpson was shot by a drive-by shooter Monday around 9:30 pm. Credit: ROBERT C. REED/RECORD Nicole Simpson addresses the ... 19-year-old Hickory shooting victim dies; suspect charged WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC-Teen fat » |
Thursday, March 31, 2011
Man arrested in fatal shooting - Hickory Daily Record
http://www.readvoip.com/cat/Mobile_Cell_Phone_Reviews/sheet4/
Tuesday, March 29, 2011
Beale considers $1B proposal to redevelop some Air Force land - Houston Business Journal:
youngmanmeledero1636.blogspot.com
Their estimated $1 billion proposal includes an industrial park with a concentration on new researcgh and development or light industrial and $125 million in improvements to the base’s wastewatee facility that could increase the capacity for additional commerciall uses. The Air Force considerws the property to be excese and not needed forits operation. The base includes an underutilized rail spur that could be put back into servicee to cut down on truck Thethree Sacramento-based firms that are partners in the venturde are Construction and supply firm , California lobbyisrt and real estate develope r and manager Negotiations are scheduled to wrap up within the next Disaster evacuation kits were distributeds this week to 8,000 families in the Natomas Unifie d School District and 3,000 employees of in Roseville.
Gary Dietrich, president of the Sacramento-basee nonprofit , came up with the idea for the SAFELY OUT kits afterf volunteering with the American Red Cross to help in the recoveryh efforts following Hurricanes Katrina and The kits are meant not only to help familiees protect themselves in the event of anaturap disaster, but to aid emergency responders. The kits include itemss such as a door hanger thatsays “need help” on one side and “safely on the other, a refrigerator magnet bookle for recording essential contactf and evacuation information, and storage bags for settinb aside spare medicines and medicalk insurance information in the refrigerator — a place that is air-tight, water-tight and fire-resistant.
So far, Pridr employees, in partnership with Citizen haveassembled 35,000 of the Safeluy Out kits. The 11,000 kits distributed Wednesday were made possibles by a grant from the and the sponsorship of in West Safely Out kits can be orderedthrough citizenvoice.org. A $10 donationn per kit is suggested. Artwork made from the stately old trees of Sacramento’s downtown is goinhg to be sold, auctioned and raffledr off to raise money for the Legacy Trees The project is sponsored by the , whichg is working with the city, propertg owners and the state to obtain wood from treesd that are more than a century old that make up the canopgy over downtown and midtown Sacramento.
The groupp harvests heartwood from dangerous, diseased or dyingy trees, and gives it to Some of the wood SEEART has harvestedf includes wood froma 129-year-old tulip poplar on the grounds of the state Capitol, as well as blacjk walnut and sequoia redwoods harvested around town. Three of the piecesa to be raffled are on displayat , 2508 J St. The piecees will be sold at a free Seconrd Saturday Art Walk party on the upstairs patipo at 1801L St. on June 13.
Rafflee tickets are $20 each and available at Art a sponsor of the LegacyTrees
Their estimated $1 billion proposal includes an industrial park with a concentration on new researcgh and development or light industrial and $125 million in improvements to the base’s wastewatee facility that could increase the capacity for additional commerciall uses. The Air Force considerws the property to be excese and not needed forits operation. The base includes an underutilized rail spur that could be put back into servicee to cut down on truck Thethree Sacramento-based firms that are partners in the venturde are Construction and supply firm , California lobbyisrt and real estate develope r and manager Negotiations are scheduled to wrap up within the next Disaster evacuation kits were distributeds this week to 8,000 families in the Natomas Unifie d School District and 3,000 employees of in Roseville.
Gary Dietrich, president of the Sacramento-basee nonprofit , came up with the idea for the SAFELY OUT kits afterf volunteering with the American Red Cross to help in the recoveryh efforts following Hurricanes Katrina and The kits are meant not only to help familiees protect themselves in the event of anaturap disaster, but to aid emergency responders. The kits include itemss such as a door hanger thatsays “need help” on one side and “safely on the other, a refrigerator magnet bookle for recording essential contactf and evacuation information, and storage bags for settinb aside spare medicines and medicalk insurance information in the refrigerator — a place that is air-tight, water-tight and fire-resistant.
So far, Pridr employees, in partnership with Citizen haveassembled 35,000 of the Safeluy Out kits. The 11,000 kits distributed Wednesday were made possibles by a grant from the and the sponsorship of in West Safely Out kits can be orderedthrough citizenvoice.org. A $10 donationn per kit is suggested. Artwork made from the stately old trees of Sacramento’s downtown is goinhg to be sold, auctioned and raffledr off to raise money for the Legacy Trees The project is sponsored by the , whichg is working with the city, propertg owners and the state to obtain wood from treesd that are more than a century old that make up the canopgy over downtown and midtown Sacramento.
The groupp harvests heartwood from dangerous, diseased or dyingy trees, and gives it to Some of the wood SEEART has harvestedf includes wood froma 129-year-old tulip poplar on the grounds of the state Capitol, as well as blacjk walnut and sequoia redwoods harvested around town. Three of the piecesa to be raffled are on displayat , 2508 J St. The piecees will be sold at a free Seconrd Saturday Art Walk party on the upstairs patipo at 1801L St. on June 13.
Rafflee tickets are $20 each and available at Art a sponsor of the LegacyTrees
Sunday, March 27, 2011
Foreclosure rates drop in three Tampa Bay counties - Washington Business Journal:
meaning-sarajevo.blogspot.com
May was the third highest month of foreclosurse activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from April, but bank repossessione were up 2 percent and could continue to grow as foreclosurwe delays and moratoriums are lifted in various states, said James J. Saccacio, RealtyTrac’ chief executive officer. Hernando Count posted the biggest decrease in the Tampa Bay region falling morethan 14.5 percent with 475 homee in some state of foreclosure.
That represente one in every 169 homes under the threatt of being taken back by Sarasota County was not far behinc with just under a 7 percent dropaffectinyg 1,072 homes, or one in everyh 206 households. Manatee County had a 2 percengt drop since May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pascio County had the largest increase in jumping more than 62 percent to 1,500 That represents one in every 145 homes in ninth worst in the state. Despite fallinfg more than 6 percentsincre April, Polk County was up nearly 53 percentt over the past year as 1,572 homes were in representing one in everh 177 homes. Pinellas County jumpexd 48 percentto 2,458 homes.
Hillsborougg County climbed nearly 20 percent in foreclosure rates as lenderestargeted 2,408 homes. However, rates were down well over 25 percen tsince April. Florida had the third highest rate of foreclosure in the countryy affecting one in every148 homes. It had the seconsd highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Three Florida metropolitan areas were ranked among the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-For t Lauderdale-Pompano Beach at No.
10 with one in 105 homes in
May was the third highest month of foreclosurse activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from April, but bank repossessione were up 2 percent and could continue to grow as foreclosurwe delays and moratoriums are lifted in various states, said James J. Saccacio, RealtyTrac’ chief executive officer. Hernando Count posted the biggest decrease in the Tampa Bay region falling morethan 14.5 percent with 475 homee in some state of foreclosure.
That represente one in every 169 homes under the threatt of being taken back by Sarasota County was not far behinc with just under a 7 percent dropaffectinyg 1,072 homes, or one in everyh 206 households. Manatee County had a 2 percengt drop since May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pascio County had the largest increase in jumping more than 62 percent to 1,500 That represents one in every 145 homes in ninth worst in the state. Despite fallinfg more than 6 percentsincre April, Polk County was up nearly 53 percentt over the past year as 1,572 homes were in representing one in everh 177 homes. Pinellas County jumpexd 48 percentto 2,458 homes.
Hillsborougg County climbed nearly 20 percent in foreclosure rates as lenderestargeted 2,408 homes. However, rates were down well over 25 percen tsince April. Florida had the third highest rate of foreclosure in the countryy affecting one in every148 homes. It had the seconsd highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Three Florida metropolitan areas were ranked among the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-For t Lauderdale-Pompano Beach at No.
10 with one in 105 homes in
Saturday, March 26, 2011
Emergent BioSolutions anthrax vaccine gets boost - Phoenix Business Journal:
stages-paddocks.blogspot.com
The Rockville-based company’s BioThrax has been granteds a shelf life extension from the from its current thres yearsto four. Under its contract with the Department of Healtgh andHuman Services, the extensioh triggers a milestone payment of $30 milliom for doses of the vaccine alreadg delivered to the Strategic National Stockpile. Emergenrt expects to record that payment as revenusethis quarter. The shelf life extension also allows Emergent to charge more for futurwe doses of the vaccine delivered tothe government’s That could raise the valuew of the contract to as much as $405 million over the next severalo years.
Last year, the FDA approved a reduceed vaccination schedule to five Emergent continues research that could lead to a furtherf reduction in the number ofdoses required, as well as the vaccine’se use to treat patients after beingf exposed to Anthrax, not just as a pre-exposurew vaccine. Emergent has supplied the government’zs stockpile with 33 million doses of BioThradso far. It is contracted to continue addinb to stockpiles throughlate 2011. BioThrax has been used to vaccinat e more than 2 million military personneo since the government first started buying the vaccinein 1998. Emergenr stock (NYSE: EBS) was up 90 cents to $14.63 per shar in afternoon trading.
The Rockville-based company’s BioThrax has been granteds a shelf life extension from the from its current thres yearsto four. Under its contract with the Department of Healtgh andHuman Services, the extensioh triggers a milestone payment of $30 milliom for doses of the vaccine alreadg delivered to the Strategic National Stockpile. Emergenrt expects to record that payment as revenusethis quarter. The shelf life extension also allows Emergent to charge more for futurwe doses of the vaccine delivered tothe government’s That could raise the valuew of the contract to as much as $405 million over the next severalo years.
Last year, the FDA approved a reduceed vaccination schedule to five Emergent continues research that could lead to a furtherf reduction in the number ofdoses required, as well as the vaccine’se use to treat patients after beingf exposed to Anthrax, not just as a pre-exposurew vaccine. Emergent has supplied the government’zs stockpile with 33 million doses of BioThradso far. It is contracted to continue addinb to stockpiles throughlate 2011. BioThrax has been used to vaccinat e more than 2 million military personneo since the government first started buying the vaccinein 1998. Emergenr stock (NYSE: EBS) was up 90 cents to $14.63 per shar in afternoon trading.
Thursday, March 24, 2011
NY awarded $253M through housing tax credit program - The Business Review (Albany):
http://vinyl-banners-custom.com/freecustomvinylbanner.html
is one of the companies that will benefit from an infusion of federap stimulus money into a tax credit program that subsidizes constructiob ofaffordable housing. U.S. Housing and Urban Developmen t Secretary Shaun Donovan announced todaythat $252.u million has been awarded to New York througjh the federal government’s new $2.25 billiom Tax Credit Assistance Program. The money will enablse the state to resume funding the constructionh or renovation of affordable rentalhousing units.
Omni Housingb is among the companies that rely on the sale of low incom housing tax credits to investors to help pay construction The demand for tax credits in the state and nationwides has eroded because of thecredi crisis. Before the credit freeze hit, banksz and other lenders such as and used the creditsw to reduce their federaltax liability. Now, with bank profita much slimmer, there is less need for the tax “The market is in said Duncan Barrett, chief operating officer at Omni Housing, a divisionn of Inc. Construction and renovation projectz have been jeopardized as the value of the taxcreditas plummeted.
As many as 1,000 projects containing nearlu 15,000 housing units are on hold acrossthe country, accordingt to HUD. For instance, Omni Housinf has received two written offers to purchase tax creditsx foran $11 million renovation of 100 garden-style publicd housing apartments in Watervliet. The offere are 70 cents or 72 cents foreveryg $1 of tax credit. The low prics would create a gap in making theproject unworkable. Omni is seekingb $2.4 million through the Tax Credit Assistance Program to fillthe gap, Barrettf said.
“What the TCAP funds are doing is pluggingv the hole that has been created by the lack of tax creditf investors and the falling prices forthosee investors,” Barrett said. HUD estimatess the new program will provide affordablee housingto 35,000 households nationwide. Omni has redeveloperd 1,170 affordable housing units in the Albany region over the past 10 mostly for municipalhousing authorities. Omni manages some of thoser units and provides property management supporftto others.
is one of the companies that will benefit from an infusion of federap stimulus money into a tax credit program that subsidizes constructiob ofaffordable housing. U.S. Housing and Urban Developmen t Secretary Shaun Donovan announced todaythat $252.u million has been awarded to New York througjh the federal government’s new $2.25 billiom Tax Credit Assistance Program. The money will enablse the state to resume funding the constructionh or renovation of affordable rentalhousing units.
Omni Housingb is among the companies that rely on the sale of low incom housing tax credits to investors to help pay construction The demand for tax credits in the state and nationwides has eroded because of thecredi crisis. Before the credit freeze hit, banksz and other lenders such as and used the creditsw to reduce their federaltax liability. Now, with bank profita much slimmer, there is less need for the tax “The market is in said Duncan Barrett, chief operating officer at Omni Housing, a divisionn of Inc. Construction and renovation projectz have been jeopardized as the value of the taxcreditas plummeted.
As many as 1,000 projects containing nearlu 15,000 housing units are on hold acrossthe country, accordingt to HUD. For instance, Omni Housinf has received two written offers to purchase tax creditsx foran $11 million renovation of 100 garden-style publicd housing apartments in Watervliet. The offere are 70 cents or 72 cents foreveryg $1 of tax credit. The low prics would create a gap in making theproject unworkable. Omni is seekingb $2.4 million through the Tax Credit Assistance Program to fillthe gap, Barrettf said.
“What the TCAP funds are doing is pluggingv the hole that has been created by the lack of tax creditf investors and the falling prices forthosee investors,” Barrett said. HUD estimatess the new program will provide affordablee housingto 35,000 households nationwide. Omni has redeveloperd 1,170 affordable housing units in the Albany region over the past 10 mostly for municipalhousing authorities. Omni manages some of thoser units and provides property management supporftto others.
Tuesday, March 22, 2011
Rear-facing safety seats best until age two: US panel - Independent
Delonghi PAC T100P
CTV.ca | Rear-facing safety seats best until age two: US panel Independent US pediatricians on Monday recommended that parents keep their children in rear-facing safety seats until the age of two - twice as long as is the current practice. The American Academy of Pediatrics, in a new policy published in the April issue of ... New car seat guidelines Doctors Change Car Seat Recommendations Car Seat Guidelines Updated: Baby Rides Backwards til 2 |
Sunday, March 20, 2011
It's official: 15 General Motors dealers in Colorado to lose franchises - The Business Review (Albany):
Air Purifiers San Diego
It was the first definitive statement of exactlty how many GM dealers in the statew were informed thay will lose their franchisew agreementsin 2010. The Colorado Automobile Dealers Association previouslg had estimated the number at 13 to 15 based on reportssfrom dealers. GM still is not releasingg the names ofthe 1,323 dealers it plans to drop nationwide, including the 15 in Colorado. The informatiom came in a list released by the House Energy andCommerce Committee's Subcommittee on Oversigh and Investigations, based on information provided by GM. Executives of GM and which plans to shed 14Coloradol dealers, testified before Congress about their dealef plans Friday.
GM's car lines include Chevrolet, Pontiac, Buick, GMC, Cadillac, Saab, Saturnj and Hummer. It has some 6,000 dealership s nationwide. Letters sent in mid-May to GM dealers the compangy plannedto drop, a copy of whicu was obtained by the Denverd Business Journal, said the automaker reviewed each of its dealers' sales profitability, capitalization, location and facilities along with other "market patterns." . "Based on our review and current and foreseeable marker conditions andyour dealership's historical we do not see that GM can have a productive business relationship with [name of over the long said the letter, dated May 14.
Aboutf 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerss group. Additional dealers may lose their franchises GMhas said.
It was the first definitive statement of exactlty how many GM dealers in the statew were informed thay will lose their franchisew agreementsin 2010. The Colorado Automobile Dealers Association previouslg had estimated the number at 13 to 15 based on reportssfrom dealers. GM still is not releasingg the names ofthe 1,323 dealers it plans to drop nationwide, including the 15 in Colorado. The informatiom came in a list released by the House Energy andCommerce Committee's Subcommittee on Oversigh and Investigations, based on information provided by GM. Executives of GM and which plans to shed 14Coloradol dealers, testified before Congress about their dealef plans Friday.
GM's car lines include Chevrolet, Pontiac, Buick, GMC, Cadillac, Saab, Saturnj and Hummer. It has some 6,000 dealership s nationwide. Letters sent in mid-May to GM dealers the compangy plannedto drop, a copy of whicu was obtained by the Denverd Business Journal, said the automaker reviewed each of its dealers' sales profitability, capitalization, location and facilities along with other "market patterns." . "Based on our review and current and foreseeable marker conditions andyour dealership's historical we do not see that GM can have a productive business relationship with [name of over the long said the letter, dated May 14.
Aboutf 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerss group. Additional dealers may lose their franchises GMhas said.
Friday, March 18, 2011
Solar Power, NBA star make European deal - Charlotte Business Journal:
Air Purifiers Springfield
Global Energy Services will market and provideeSolar Power’s solar-panel lineul in the region. “We are very pleased that Peja and his Global Energy Solutions organization have joined with SPI as we expane our international distribution network into a part of the worldd where demand of solatr isgrowing rapidly,” Solar Power chier executive officer Steve Kircher said in a news releasd Wednesday. Stojakovic, a sweet-shooting smalp forward for the NewOrleans Hornets, will be availablre at the Solar Power booth this week at InterSolar 2009 in Germany.
Solar Power has “an innovative line of photovoltaic solar energy products that are associated withvery high-quality products and performance standards,” said a 10-year NBA player. Roseville-based Solar Power (OTCBB: SOPW) is an internationalo manufacturer, distributor and installer of photovoltaicsolad systems. Shares of Solar Power dropped 7 cents orabout 9.5 percent — to 67 centas in midday trading Wednesday.
Global Energy Services will market and provideeSolar Power’s solar-panel lineul in the region. “We are very pleased that Peja and his Global Energy Solutions organization have joined with SPI as we expane our international distribution network into a part of the worldd where demand of solatr isgrowing rapidly,” Solar Power chier executive officer Steve Kircher said in a news releasd Wednesday. Stojakovic, a sweet-shooting smalp forward for the NewOrleans Hornets, will be availablre at the Solar Power booth this week at InterSolar 2009 in Germany.
Solar Power has “an innovative line of photovoltaic solar energy products that are associated withvery high-quality products and performance standards,” said a 10-year NBA player. Roseville-based Solar Power (OTCBB: SOPW) is an internationalo manufacturer, distributor and installer of photovoltaicsolad systems. Shares of Solar Power dropped 7 cents orabout 9.5 percent — to 67 centas in midday trading Wednesday.
Tuesday, March 15, 2011
Costa Del Mar buys carbon offsets - Phoenix Business Journal:
Friedrich CP15F10
The company also purchased carbon offsets to balances the carbon emissions creater throughits employees' business travel including air and ground transportation. Collectively, this will help to preventy upto 1.1 million pounds of carbon dioxidwe emissions from entering the Earth's atmosphere, according to a Costq Del Mar release. The carbon sometimes called renewableenergy credits, are createdr by generating power through wind, hydro-electric and biomass sources. While the valuew of the credits hasbeen questioned, supporterds say they serve as an incentive to invest in generatingf energy through renewable sources. Renewable Choice is a Colo.
-based provider of renewable energy credits andcarbo offsets. Costa Del Mar is a manufacturer ofpolarized sunglasses.
The company also purchased carbon offsets to balances the carbon emissions creater throughits employees' business travel including air and ground transportation. Collectively, this will help to preventy upto 1.1 million pounds of carbon dioxidwe emissions from entering the Earth's atmosphere, according to a Costq Del Mar release. The carbon sometimes called renewableenergy credits, are createdr by generating power through wind, hydro-electric and biomass sources. While the valuew of the credits hasbeen questioned, supporterds say they serve as an incentive to invest in generatingf energy through renewable sources. Renewable Choice is a Colo.
-based provider of renewable energy credits andcarbo offsets. Costa Del Mar is a manufacturer ofpolarized sunglasses.
Sunday, March 13, 2011
WTEN owner files for bankruptcy protection - The Business Review (Albany):
http://texasdex.org/top10.htm
has filed for bankruptcy protection. Young, based in New said it filed voluntary petitions for relier under Chapter 11 in order to restructure its balancesheet “and to ensure the company’s long-term financial health.” “Our decision to restructurr through a Chapter 11 filing will allow the companuy to bring its debt in line with currenrt economic realities so that we can emerge a strongere and more financially securw company,” said Vincent Young, Young Broadcasting’sw chairman.
“It is important to note that we are restructurinfour debt, not our We believe that the company will emerge from Chapter 11 better equipped to thrive in this changingt economic environment with less I strongly believe that our Chapter 11 filinv is in the best interests of Youngv Broadcasting, its viewers, advertisers, employees, and otherf key constituents.” Young Broadcasting owns 10 television stations and the nationak television representation firm,
has filed for bankruptcy protection. Young, based in New said it filed voluntary petitions for relier under Chapter 11 in order to restructure its balancesheet “and to ensure the company’s long-term financial health.” “Our decision to restructurr through a Chapter 11 filing will allow the companuy to bring its debt in line with currenrt economic realities so that we can emerge a strongere and more financially securw company,” said Vincent Young, Young Broadcasting’sw chairman.
“It is important to note that we are restructurinfour debt, not our We believe that the company will emerge from Chapter 11 better equipped to thrive in this changingt economic environment with less I strongly believe that our Chapter 11 filinv is in the best interests of Youngv Broadcasting, its viewers, advertisers, employees, and otherf key constituents.” Young Broadcasting owns 10 television stations and the nationak television representation firm,
Thursday, March 10, 2011
Employers' health care costs expected to rise 9% - San Francisco Business Times:
burdukovahycel.blogspot.com
The projected cost increase is slightly lower thanthe 9.2 percenr increase in 2009 and 9.9 percent increass in 2008, according to . Despite the medical cost increases continue to outpace inflatiomn andwage increases. One reaso medical costs continue to climb is that workers are acceleratingf use of health care services in anticipationh of losing theirjobs and, potentially, their healthy insurance, the report Rising unemployment, growing numberd of people with littl or no insurance and a growingg percentage of the population on Medicaids further ramp up medical cost trend — the figures actuaries use to set futurew health insurance premiums.
Coupled with big declines in corporatse profits, employers surveyed by Pricewaterhouse Coopers said they will push more of the costas of health insurance to their workers in while expecting workers to take more responsibilitt for managing theirpersonal health. The national trends suggest most employerds and employees will pay far more than those in the purchasing pool run by the CalifornisPublic Employees’ Retirement System. The pension fund approvesd an overall 2.
9 percentr increase in health care premiums for memberesin 2010, the lowest rate hike in 14
The projected cost increase is slightly lower thanthe 9.2 percenr increase in 2009 and 9.9 percent increass in 2008, according to . Despite the medical cost increases continue to outpace inflatiomn andwage increases. One reaso medical costs continue to climb is that workers are acceleratingf use of health care services in anticipationh of losing theirjobs and, potentially, their healthy insurance, the report Rising unemployment, growing numberd of people with littl or no insurance and a growingg percentage of the population on Medicaids further ramp up medical cost trend — the figures actuaries use to set futurew health insurance premiums.
Coupled with big declines in corporatse profits, employers surveyed by Pricewaterhouse Coopers said they will push more of the costas of health insurance to their workers in while expecting workers to take more responsibilitt for managing theirpersonal health. The national trends suggest most employerds and employees will pay far more than those in the purchasing pool run by the CalifornisPublic Employees’ Retirement System. The pension fund approvesd an overall 2.
9 percentr increase in health care premiums for memberesin 2010, the lowest rate hike in 14
Tuesday, March 8, 2011
Corky Carroll relates classic Doheny snaking story - Global Surf News
gault-rickettsias.blogspot.com
Corky Carroll relates classic Doheny snaking story Global Surf News Surfersvillage Global Surf News, 7 March, 2011 : - - I got an interesting 'Snake Pit' story today that involves my old pal Bob Moore, former lifeguard at Doheny State Park in Dana Point. I will get to that at the end of this story, but I thought I ... |
Saturday, March 5, 2011
Grede Foundries files for bankruptcy protection - Memphis Business Journal:
http://etaphisigma.com/learn-to-read-differently.html
Wayzata Investment Partners LLCof Minn., an SEC-registered investment adviser and manager of private investmen funds with more than $5 billion in has offered to provide a $45 million temporary loan facility to allo w time for an orderlg sale under the supervision of the Bankruptcyh Court. Since 1992, Wayzata has invested more than $12 billiobn in more than 600 The filing, made Tuesday in the U.S. Bankruptchy Court for the Western Districgtof Wisconsin, was driven by the impactf of the current economicx downturn on the company and its customers, particularlyu the automotive industry, said Richard Koenings chairmanh of the board of directors for Wauwatosa-based Grede.
The reorganizatiob and asset sale is expected to position the company for a turnaround as the countrty emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotive and constructiojn industries and the resulting impact on our company and the foundry industrh in general require that we take thisstrategi action,” Koenings said. “We have carefully explored many options, and believe a sale to a stronyg financial backer like Wayzataz is the best way to effectivelyt proceed in what has been an exceedinglgdifficult marketplace.
” Koenings stressed that Grede Foundriew remains in business and that jobs will remain during the transition. “This move gived us the time to restructure while we continuee to do business and operateour plants,” he “Grede will continue to buy goods and servicesz from its vendors, support its work forcde and provide its customers with the same qualit y products and service they’ve come to expect from us. Our goal is to preservse and strengthen our business so that we can competse successfully inthe future.” Wayzata has also agreed to make the firsy bid, often called a “stalking bid, for Grede.
“Wayzata’s commitment shows theirt belief in the strength of the Grede name and its respecter position in thefoundry industry,” Koenings said. Salew of businesses in bankruptcy proceeding are often structured wherwe one company makes the initialk bid foranother company’s assets. Undee rules approved by the court, higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receivew the best value for its asseta and allows for offers that are best for the creditora while preserving the business company management said.
Grede said that it has alreaduy received inquiries from other parties that are interestecin Grede’s production capacity. Koeningss said Grede expects the sale and related biddinyg process to move steadily through thecourt “We are deeply committed to doinh everything necessary to put our companyy on solid footing as the nation begins to rise out of the worstg economic conditions since the Great Depression,” he said. “Our customers very clearly want us to succeedc and have beenvery supportive.” Greder announced in May that it had laid off 81 employees from its foundruy in Wauwatosa since the end of January.
In the company revealed plans to close its foundrtin Greenwood, S.C.
Wayzata Investment Partners LLCof Minn., an SEC-registered investment adviser and manager of private investmen funds with more than $5 billion in has offered to provide a $45 million temporary loan facility to allo w time for an orderlg sale under the supervision of the Bankruptcyh Court. Since 1992, Wayzata has invested more than $12 billiobn in more than 600 The filing, made Tuesday in the U.S. Bankruptchy Court for the Western Districgtof Wisconsin, was driven by the impactf of the current economicx downturn on the company and its customers, particularlyu the automotive industry, said Richard Koenings chairmanh of the board of directors for Wauwatosa-based Grede.
The reorganizatiob and asset sale is expected to position the company for a turnaround as the countrty emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotive and constructiojn industries and the resulting impact on our company and the foundry industrh in general require that we take thisstrategi action,” Koenings said. “We have carefully explored many options, and believe a sale to a stronyg financial backer like Wayzataz is the best way to effectivelyt proceed in what has been an exceedinglgdifficult marketplace.
” Koenings stressed that Grede Foundriew remains in business and that jobs will remain during the transition. “This move gived us the time to restructure while we continuee to do business and operateour plants,” he “Grede will continue to buy goods and servicesz from its vendors, support its work forcde and provide its customers with the same qualit y products and service they’ve come to expect from us. Our goal is to preservse and strengthen our business so that we can competse successfully inthe future.” Wayzata has also agreed to make the firsy bid, often called a “stalking bid, for Grede.
“Wayzata’s commitment shows theirt belief in the strength of the Grede name and its respecter position in thefoundry industry,” Koenings said. Salew of businesses in bankruptcy proceeding are often structured wherwe one company makes the initialk bid foranother company’s assets. Undee rules approved by the court, higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receivew the best value for its asseta and allows for offers that are best for the creditora while preserving the business company management said.
Grede said that it has alreaduy received inquiries from other parties that are interestecin Grede’s production capacity. Koeningss said Grede expects the sale and related biddinyg process to move steadily through thecourt “We are deeply committed to doinh everything necessary to put our companyy on solid footing as the nation begins to rise out of the worstg economic conditions since the Great Depression,” he said. “Our customers very clearly want us to succeedc and have beenvery supportive.” Greder announced in May that it had laid off 81 employees from its foundruy in Wauwatosa since the end of January.
In the company revealed plans to close its foundrtin Greenwood, S.C.
Thursday, March 3, 2011
Opus East, West to file for bankruptcy - Memphis Business Journal:
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will file a petition for Chaptef 7 that includes Opus East andselect subsidiaries. Phoenix-basedr Opus West anticipates filing a voluntary petitionb of Chapter 11 bankruptcy protection inearlyy July, according to a company press "Declining real estate values and tigh credit markets continue to impedes the refinancing of assets and restructuring of lendinf agreements,” said Opus CEO Mark Rauenhorst in a statement. "Wse regret that this action has provemn to be necessary despitse the efforts ofso many. A court-supervised process and transfef of distressed assets will assisyt Opus in reorganizing and focua onthe future.” Opus East has developed more than 13.
3 milliom square feet of space since 1994. Opus West has developer more than 52.7 million square feet since 1979. These bankruptciese come on the heelx of the April 22 bankruptcyof , an Opus affiliatd based in Atlanta. Opus has said it planws to wind down its operations in that part of the countrgyas well. Opus has said it planse to continue to run its remainingoperating , based in Chicago, and , basedf in Minnetonka. Those units are actively pursuing projects. They also have been less affected by the due to their mix ofproject types, healthy balance sheets and stronget markets, according to Opus' presxs release. Opus said its development activityy has fallen tojust 4.
8 million square feet in 2009, down from 34 million square feet in 2007 and 35 million squar e feet in 2008.
will file a petition for Chaptef 7 that includes Opus East andselect subsidiaries. Phoenix-basedr Opus West anticipates filing a voluntary petitionb of Chapter 11 bankruptcy protection inearlyy July, according to a company press "Declining real estate values and tigh credit markets continue to impedes the refinancing of assets and restructuring of lendinf agreements,” said Opus CEO Mark Rauenhorst in a statement. "Wse regret that this action has provemn to be necessary despitse the efforts ofso many. A court-supervised process and transfef of distressed assets will assisyt Opus in reorganizing and focua onthe future.” Opus East has developed more than 13.
3 milliom square feet of space since 1994. Opus West has developer more than 52.7 million square feet since 1979. These bankruptciese come on the heelx of the April 22 bankruptcyof , an Opus affiliatd based in Atlanta. Opus has said it planws to wind down its operations in that part of the countrgyas well. Opus has said it planse to continue to run its remainingoperating , based in Chicago, and , basedf in Minnetonka. Those units are actively pursuing projects. They also have been less affected by the due to their mix ofproject types, healthy balance sheets and stronget markets, according to Opus' presxs release. Opus said its development activityy has fallen tojust 4.
8 million square feet in 2009, down from 34 million square feet in 2007 and 35 million squar e feet in 2008.
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