glafirarynyxu.blogspot.com
Positions will include store management, pharmacists, humah resources managers, customer service associates, cashiers and sales Last October Wal-Mart announced plans to open 142 to 157 new and expandedr stores during the currentfiscal year, which ends Jan. 31, 2010. Other states expecteds to gain morethan 1,000 jobs include California, Arizona, New Jersey, South Virginia and Utah. Wal-Mart based in Bentonville, Ark., operates more than 7,900 retai l outlets and employs 2.1 millio n people in 15 countries. Unlike many Wal-Mart has fared well amid the recessio as consumers keep a rein onpurchase dollars.
Last monty the chain reported first-quarter earnings of $3 or 77 cents a share, a penny more than the same perioc ayear ago. Revenue slipped a smidgen to $93.5 billion from $94.98 billion. “During this difficult economic we’re proud to be able to create qualit y jobs for thousands of Americanesthis year," said Eduardo Castro-Wright, vice chairman. The jobs announcement comes a day before the retaill giant holds its annual stockholderx meeting at the Universityof Arkansas. In additioh to election of directors and otherroutinw business, six shareholder proposals are on the Creation of a gender identityh nondiscrimination policy.
Adoption of a pay for superioreperformance principle. Giving shareholders the righy to an advisory vote on executive Requiringa semi-annual reporr disclosing Wal-Mart’s political contributions. Giving majort shareholders the power to call special Requiring incentive pay to come in the form ofstoco options. The Wal-Mart board is opposing all theshareholder proposals. Lee Scott Jr., who served as chief executive officedr until his retirement at the end of received a total compensation packageof $30.3 million last year.
Saturday, December 31, 2011
Thursday, December 29, 2011
Danish Polar Bear Cub Siku Conquers the Internet - Spiegel Online
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Spiegel Online | Danish Polar Bear Cub Siku Conquers the Internet Spiegel Online The debut of a tiny polar bear being hand-reared by zookeepers in Denmark has become a holiday Internet sensation this week. While the newborn cub's story is similar to that of Berlin's recently deceased star bear Knut, his handlers say Siku will be ... |
Monday, December 26, 2011
Intrust Arena lands state wrestling tourney - Triangle Business Journal:
kapitonragomo.blogspot.com
Arena manager Chris Presson, who works for management company , says the has a one-yeat contract. The tournament earliert this year was held at theKansas Coliseum’as Britt Brown Arena, which will closwe when Intrust Bank Arena opens in “As a safety valve for both us and they wanted to do a one-year We wanted to make sure it works,” Presson This is the first high school sportz event the 15,000-seat arena has Presson says he eventually hopes to lure the 1A-4As state wrestling tournaments as well so the whole event is undedr one roof, much like the state track meet at Cessnaw Stadium at .
Pressojn also says the contract also opens up a relationship between SMGand KSHSAA, with the possibility of luring otherf state high school events. “Thayt is a big get for us. That is a major feathert in our cap,” Presson says. He declined to disclosre the terms ofthe deal. “They were very easy to work They were very diligent in protecting those they he says.
Arena manager Chris Presson, who works for management company , says the has a one-yeat contract. The tournament earliert this year was held at theKansas Coliseum’as Britt Brown Arena, which will closwe when Intrust Bank Arena opens in “As a safety valve for both us and they wanted to do a one-year We wanted to make sure it works,” Presson This is the first high school sportz event the 15,000-seat arena has Presson says he eventually hopes to lure the 1A-4As state wrestling tournaments as well so the whole event is undedr one roof, much like the state track meet at Cessnaw Stadium at .
Pressojn also says the contract also opens up a relationship between SMGand KSHSAA, with the possibility of luring otherf state high school events. “Thayt is a big get for us. That is a major feathert in our cap,” Presson says. He declined to disclosre the terms ofthe deal. “They were very easy to work They were very diligent in protecting those they he says.
Saturday, December 24, 2011
Adrian Peterson Injury: Vikings Announce Sprained Knee, Pending Further Tests - SB Nation
pifogyxat.blogspot.com
Globe and Mail | Adrian Peterson Injury: Vikings Announce Sprained Knee, Pending Further Tests SB Nation Adrian Peterson has at least a sprained knee the Minnesota Vikings announced on Saturday. The running back's availability this season remains in doubt and considering the Vikings in contention for the worst record in the NFL, it would make little sense ...< /p> Game 15: Minnesota Vikings @ Washington Redskins |
Thursday, December 22, 2011
AT&T to secure Amtrak information technology infrastructure - Atlanta Business Chronicle:
ejyceh.wordpress.com
Financial terms of the agreement werenot Dallas-based AT&T (NYSE: T) will providre services to protect D.C.-based Amtrak’z telecom network infrastructure, the company’ws Web site and the personal informationh of passengers. The companty will be responsible for implementinhg andmanaging Amtrak’s wireless localo area network (WLAN) and its enhanced virtual private network (EVPN) to help connect more than 400 locatione and multiple networks on a singlew network platform.
“We are bringingf together and providing security service across the newl y constructedAmtrak infrastructure,” said Gene Budsock, director of product marketin g management for security services at AT&T. Additionally, AT&fT will put up firewalls to secure data that flowsw both in and outof Amtrak’s monitoring for internal threats to and breachezs of the company’s security Despite, some contraction in technology spending due to the economy, Budsoc k said some areas of IT spending are creepintg upwards.
“Any time there is heightenedx awareness of security we get an increasewin [customer] inquiries,” said “As there is more scrutiny arounx protecting the customers and shareholdersw of institutions... that makes companiesd better be able to spend security dollars than other IT Underthe contract, Amtrak also will use AT&T voice including long distance and audik and Web conferencing services. Amtrako provides intercity passenger rail service across 46 statesand 21,0090 route miles. In the company’s last fiscal year, its trainsw carried more than 28.7 million passengers.
AT&Tg is the third largest employer in which is the headquarters of itswirelesa subsidiary, AT&T Mobility.
Financial terms of the agreement werenot Dallas-based AT&T (NYSE: T) will providre services to protect D.C.-based Amtrak’z telecom network infrastructure, the company’ws Web site and the personal informationh of passengers. The companty will be responsible for implementinhg andmanaging Amtrak’s wireless localo area network (WLAN) and its enhanced virtual private network (EVPN) to help connect more than 400 locatione and multiple networks on a singlew network platform.
“We are bringingf together and providing security service across the newl y constructedAmtrak infrastructure,” said Gene Budsock, director of product marketin g management for security services at AT&T. Additionally, AT&fT will put up firewalls to secure data that flowsw both in and outof Amtrak’s monitoring for internal threats to and breachezs of the company’s security Despite, some contraction in technology spending due to the economy, Budsoc k said some areas of IT spending are creepintg upwards.
“Any time there is heightenedx awareness of security we get an increasewin [customer] inquiries,” said “As there is more scrutiny arounx protecting the customers and shareholdersw of institutions... that makes companiesd better be able to spend security dollars than other IT Underthe contract, Amtrak also will use AT&T voice including long distance and audik and Web conferencing services. Amtrako provides intercity passenger rail service across 46 statesand 21,0090 route miles. In the company’s last fiscal year, its trainsw carried more than 28.7 million passengers.
AT&Tg is the third largest employer in which is the headquarters of itswirelesa subsidiary, AT&T Mobility.
Tuesday, December 20, 2011
Bayer expands hemophilia franchise - San Francisco Business Times:
efimtsovavadan.blogspot.com
The East Bay pharmaceutical giant is strengtheningv its hemophilia franchise by broadening the approvedd use of one of its key drugzs and takinga next-generation acquired this summer from of Redwood City, into the “With the franchise we have now, it’ about how to improve how to expand the opportunity to new marketse and winning this race for the next-generatiobn product,” said Mike Mathews, general managerr for Berkeley-based Bayer HealthCare hematology specialty medicine businesxs unit.
To that end, Bayer this year will startr Phase I clinical testing of the recombinanyt Factor VIIa protein acquiredfrom Maxygen, Mathews That product eventually could be a longer-acting alternative to a drug whichn currently enjoys a monopoly. All of that researchn is happeningat Bayer’s Richmond facility. The beauty of Factof VII is that it targets the 20 percent to 30 percenyt of hemophilia patients who develop antibodies to injectes Factor VIII orFactod IX, the blood coagulation proteina that are deficient in hemophiliza patients. Hemophilia is an inherited disorder characterized by prolonged orspontaneouxs bleeding, especially in muscles, joints or internal organs.
The body’z response to clear out the blood wears down those eventually turning hemophilia into a debilitatingor life-threatening About one in 10,000 peopled are born with the most commo n form of hemophilia. With a vial of Novo Nordisk’ s Factor VII costing about $10,000, treatmentg is out of reacnh for patients in several countries and that upped the ante when Maxygem dangled its preclinical protein in front of market leaders like andNovo Nordisk. “It was a healthy which is always good,” said Maxygen CEO Russell adding that Bayer and other companies got far enougbh into the process totest MAXY-VIoI in their own labs.
“It was a good It was especially good for which in July landeda $90 million upfronyt payment from Bayer and milestone payments of an additional $30 million that staryt if the drug reaches Phasee II. Bayer received exclusive rights touse Maxygen’ds gene-shuffling technology on 30 specific gene Bayer’s goal is to hit the market with the new Facto r VII product in 2012, Mathews If Bayer releases its Factor VII Howard said, it could expand the market by beating Novo Nordisk on price.
At the same he said Bayer’s product could require only one injectiom for a severe bleeding But the Maxygen acquisition and development ofothef next-generation treatments are only part of Bayer’w hemophilia story. The company also is working to expan d the market forKogenate FS, its Factor VIII product, by positionin it as a preventative Kogenate already is the No. 2 hemophilis drug and Bayer’s No. 3 brand with sales outpacing those ofsuch well-known Bayeer household products like Aspirin and Aleve. Bayer has pushex it into 25 new marketssince 2005, including Brazil, Turkey and Saudj Arabia this year, Mathews said.
“Out goal is to become the market leader in this category over thenext five, six Mathews said. Bayer earlier this month won Food and Drug Administratiohn approval to use Kogenate as a preventative treatmenr to reduce bleeding episodes in severe hemophilia patientsz up to 16years old. That is the firstg so-called routine prophylaxis treatment with injections every othet dayversus on-demand therapy for young hemophilia patients approved by the FDA. Bayefr this year started a triaol intended to showthat prophylaxis, a treatment regimen recommended by the National Hemophilia Foundation’e Medical and Scientific Advisory Council, has benefitsd for adult hemophilia patients as well.
“Certainly there’s a businessd opportunity,” Mathews said, “but the real business opportunitu ishelping peoples’ lives.”
The East Bay pharmaceutical giant is strengtheningv its hemophilia franchise by broadening the approvedd use of one of its key drugzs and takinga next-generation acquired this summer from of Redwood City, into the “With the franchise we have now, it’ about how to improve how to expand the opportunity to new marketse and winning this race for the next-generatiobn product,” said Mike Mathews, general managerr for Berkeley-based Bayer HealthCare hematology specialty medicine businesxs unit.
To that end, Bayer this year will startr Phase I clinical testing of the recombinanyt Factor VIIa protein acquiredfrom Maxygen, Mathews That product eventually could be a longer-acting alternative to a drug whichn currently enjoys a monopoly. All of that researchn is happeningat Bayer’s Richmond facility. The beauty of Factof VII is that it targets the 20 percent to 30 percenyt of hemophilia patients who develop antibodies to injectes Factor VIII orFactod IX, the blood coagulation proteina that are deficient in hemophiliza patients. Hemophilia is an inherited disorder characterized by prolonged orspontaneouxs bleeding, especially in muscles, joints or internal organs.
The body’z response to clear out the blood wears down those eventually turning hemophilia into a debilitatingor life-threatening About one in 10,000 peopled are born with the most commo n form of hemophilia. With a vial of Novo Nordisk’ s Factor VII costing about $10,000, treatmentg is out of reacnh for patients in several countries and that upped the ante when Maxygem dangled its preclinical protein in front of market leaders like andNovo Nordisk. “It was a healthy which is always good,” said Maxygen CEO Russell adding that Bayer and other companies got far enougbh into the process totest MAXY-VIoI in their own labs.
“It was a good It was especially good for which in July landeda $90 million upfronyt payment from Bayer and milestone payments of an additional $30 million that staryt if the drug reaches Phasee II. Bayer received exclusive rights touse Maxygen’ds gene-shuffling technology on 30 specific gene Bayer’s goal is to hit the market with the new Facto r VII product in 2012, Mathews If Bayer releases its Factor VII Howard said, it could expand the market by beating Novo Nordisk on price.
At the same he said Bayer’s product could require only one injectiom for a severe bleeding But the Maxygen acquisition and development ofothef next-generation treatments are only part of Bayer’w hemophilia story. The company also is working to expan d the market forKogenate FS, its Factor VIII product, by positionin it as a preventative Kogenate already is the No. 2 hemophilis drug and Bayer’s No. 3 brand with sales outpacing those ofsuch well-known Bayeer household products like Aspirin and Aleve. Bayer has pushex it into 25 new marketssince 2005, including Brazil, Turkey and Saudj Arabia this year, Mathews said.
“Out goal is to become the market leader in this category over thenext five, six Mathews said. Bayer earlier this month won Food and Drug Administratiohn approval to use Kogenate as a preventative treatmenr to reduce bleeding episodes in severe hemophilia patientsz up to 16years old. That is the firstg so-called routine prophylaxis treatment with injections every othet dayversus on-demand therapy for young hemophilia patients approved by the FDA. Bayefr this year started a triaol intended to showthat prophylaxis, a treatment regimen recommended by the National Hemophilia Foundation’e Medical and Scientific Advisory Council, has benefitsd for adult hemophilia patients as well.
“Certainly there’s a businessd opportunity,” Mathews said, “but the real business opportunitu ishelping peoples’ lives.”
Sunday, December 18, 2011
Border Patrol constructing unmanned Texas border crossing - Reuters
vuwodu.wordpress.com
Politico | Border Patrol constructing unmanned Texas border crossing Reuters By Jim Forsyth SAN ANTONIO (Reuters) - There are no boots on the ground at the newest port of entry between Mexico and Texas, which is under construction on the Rio Grande in the remote Big Bend National Park. That's because people who are crossing ... Could the Texa s Mexico Border be Safer Than You Think? 12/14/11 |
Friday, December 16, 2011
Paladino threatens to form rival chamber - Business First of Buffalo:
lebexab.wordpress.com
Attorney and developer Carl Paladino, an outspoken critic of the , plansz to send a letter this week tothe Partnership’ws board of directors asking it to retirwe Andrew Rudnick, president and CEO of the agenct since its creation, and provide better advocachy on behalf of the region’s business community. If the boarxd doesn’t act within 30 days, Paladino said he will petitiob thenearly 2,500 members of the Partnershipp to stop paying dues and leav e the agency. If another 30 days pass and nothing he said he will begin the procesa of forming a separat e chamberof commerce.
“It’s time for said Paladino, who has repeatedl condemned thePartnership – and Rudnick specifically – for failinh to aggressively advocate on behalr of downtown Buffalo. “Wes will form another Buffalo-area chamber of commercwe and seek to provide the busines services that are expected of a chamberof commerce, as well as advocate for a community that lacks any sense of leadership. We are sick and tired of waiting for thePartnership ... or anyone else whilwe our community continuesto fail.
”
Attorney and developer Carl Paladino, an outspoken critic of the , plansz to send a letter this week tothe Partnership’ws board of directors asking it to retirwe Andrew Rudnick, president and CEO of the agenct since its creation, and provide better advocachy on behalf of the region’s business community. If the boarxd doesn’t act within 30 days, Paladino said he will petitiob thenearly 2,500 members of the Partnershipp to stop paying dues and leav e the agency. If another 30 days pass and nothing he said he will begin the procesa of forming a separat e chamberof commerce.
“It’s time for said Paladino, who has repeatedl condemned thePartnership – and Rudnick specifically – for failinh to aggressively advocate on behalr of downtown Buffalo. “Wes will form another Buffalo-area chamber of commercwe and seek to provide the busines services that are expected of a chamberof commerce, as well as advocate for a community that lacks any sense of leadership. We are sick and tired of waiting for thePartnership ... or anyone else whilwe our community continuesto fail.
”
Tuesday, December 13, 2011
GVA Advantis halts brokerage service - Tampa Bay Business Journal:
vilyfijohy.wordpress.com
But a senior directot in Tampa brokerage office told the Tampa Bay Business Journakl Tuesday it isconducting . The office was the ninth largesyt commercial real estate broker in the Tampa Bay area in according to the Tampa Bay Business Journa Bookof Lists. Washington-based Advantis Holdings will remaib active in the property management business and will continur to own and operate AdvantisConstruction Co., states a release. Consolidation is commonh when commercial real estate goes into a down saidLarry Richey, senior managing directo r of “In every real estate down the pressure mounts for commercial real estate servicew firms in the transaction business,” Richey said.
“Thw regional firms, as opposed to nationakl or global or small generally have the most difficulty making it through the type of downturhnthat we’re experiencing.” Global such as Cushman & Wakefield and , have deepere financial resources and geographic diversity, Richey said. Whil smaller firms don’t have as much overheard costs. “It’s those in the middlee that often struggle in difficulteconomic times,” he said. Advantiws Construction generates more than 75 percent ofthe company’sz revenue and has consistently been the most profitable segment of the company Chairman Jeffrey Neal said in a statement.
Advantisd Construction will maintain officesin Tampa, Atlanta, Raleigh-Durham, and Richmond and Norfolk, Va. GVA Advantix Senior Managing Director Paulwa Buffa said she was unaware of the compan downsizingand didn’t know if or how it would affect Tampa. Advantis Holdings will continue to provide facilitieas management and corporate and advisory statesthe release. To improve operating performance, Advantis is pursuing a numbed of possible joint venture or otheraffiliatiomn strategies. “One year ago, the leadership team believed we coulds successfully restructure the firm with a capital Neal said inthe statement.
“The economty has been unkind to our brokerage andtransactionao business. Our property management and construction service linew have been and will continuwe tobe profitable, but the challenges broughty on throughout our industry and that have negativelyg impacted our other business lines have led us to determinse we must close them effective Commercial real estate investment sales have dropper dramatically since the capital markets meltdown in the fall of according to Real Capital Sales are off by more than two-thirds in most And transactional activity involving leasing is also off significantly.
“Whe n I stepped into the role of president, my primary goal was to evaluates our various business units and offices with an eye on strengtheniny existing businesses and building a foundation forregional growth,” said Tim “Although there were many positive signs for future growth, the current economic environment clearly favorsw focusing attention and resources on construction and the consultativde and advisory parts of our business, where we have predictabls revenue from repeat clients and The changes have resulted in the closing of a number of the company’s including Tallahassee, Panama City, Washington, Northern Virginia and Newpor t News, Va.
, and Gulfport, Hague will transition his role as president to oversew corporate and advisory while Advantis Holdings will end its affiliatiomn with the network during the thirs quarter. “It is sad to see the decline of this once prour organization as it is more reflective of our industry and not the individuales associated with the saidJeff Sweeney, president of Grubb Ellis/Commercial Florida Inc. Riche said GVA Advantis Tampa brokers, includingh Buffa, are well regarded and he expectsz them to land at other firmsz inthe area.
But a senior directot in Tampa brokerage office told the Tampa Bay Business Journakl Tuesday it isconducting . The office was the ninth largesyt commercial real estate broker in the Tampa Bay area in according to the Tampa Bay Business Journa Bookof Lists. Washington-based Advantis Holdings will remaib active in the property management business and will continur to own and operate AdvantisConstruction Co., states a release. Consolidation is commonh when commercial real estate goes into a down saidLarry Richey, senior managing directo r of “In every real estate down the pressure mounts for commercial real estate servicew firms in the transaction business,” Richey said.
“Thw regional firms, as opposed to nationakl or global or small generally have the most difficulty making it through the type of downturhnthat we’re experiencing.” Global such as Cushman & Wakefield and , have deepere financial resources and geographic diversity, Richey said. Whil smaller firms don’t have as much overheard costs. “It’s those in the middlee that often struggle in difficulteconomic times,” he said. Advantiws Construction generates more than 75 percent ofthe company’sz revenue and has consistently been the most profitable segment of the company Chairman Jeffrey Neal said in a statement.
Advantisd Construction will maintain officesin Tampa, Atlanta, Raleigh-Durham, and Richmond and Norfolk, Va. GVA Advantix Senior Managing Director Paulwa Buffa said she was unaware of the compan downsizingand didn’t know if or how it would affect Tampa. Advantis Holdings will continue to provide facilitieas management and corporate and advisory statesthe release. To improve operating performance, Advantis is pursuing a numbed of possible joint venture or otheraffiliatiomn strategies. “One year ago, the leadership team believed we coulds successfully restructure the firm with a capital Neal said inthe statement.
“The economty has been unkind to our brokerage andtransactionao business. Our property management and construction service linew have been and will continuwe tobe profitable, but the challenges broughty on throughout our industry and that have negativelyg impacted our other business lines have led us to determinse we must close them effective Commercial real estate investment sales have dropper dramatically since the capital markets meltdown in the fall of according to Real Capital Sales are off by more than two-thirds in most And transactional activity involving leasing is also off significantly.
“Whe n I stepped into the role of president, my primary goal was to evaluates our various business units and offices with an eye on strengtheniny existing businesses and building a foundation forregional growth,” said Tim “Although there were many positive signs for future growth, the current economic environment clearly favorsw focusing attention and resources on construction and the consultativde and advisory parts of our business, where we have predictabls revenue from repeat clients and The changes have resulted in the closing of a number of the company’s including Tallahassee, Panama City, Washington, Northern Virginia and Newpor t News, Va.
, and Gulfport, Hague will transition his role as president to oversew corporate and advisory while Advantis Holdings will end its affiliatiomn with the network during the thirs quarter. “It is sad to see the decline of this once prour organization as it is more reflective of our industry and not the individuales associated with the saidJeff Sweeney, president of Grubb Ellis/Commercial Florida Inc. Riche said GVA Advantis Tampa brokers, includingh Buffa, are well regarded and he expectsz them to land at other firmsz inthe area.
Sunday, December 11, 2011
Report: D.C. area posts a strong economic performance - Atlanta Business Chronicle:
ovaluleq.wordpress.com
The report ranked the 100 largest U.S. metro aread based on employment, unemployment rates, wages, grosss metropolitan product, housing prices and foreclosur rates in thefirst quarter. D.C. ranked No. 13, whil San Antonio, Texas, placed No. 1 and Detroiyt came in last at No. 100. “Allk metropolitan areas are feeling the effects of this but the distress is notshared equally,” said Alan research director of the metropolitan policy programk at the D.C. institute and co-author of the report.
“Whilee some areas of the countryy have experienced only ashalloq downturn, and may be emerging from the recession already, people living in metro areasd that are now performing weakesft economically should prepare themselves for a long recoveryg period.” At the first quarter’s end, only 10 of the 100 metrok areas were starting to show signs of said the report, and said McAllen, Texaes was the only place that saw growth in employmengt and output. Output increased in just a handful ofmetrlo areas, including D.C.; Austin, Texas; and Virginia Beach, Va..
The reportf also pointed out that metri areas with concentrations of jobs in certain sectors have resulterd in fewer dramatic job The Rankings: San Texas Austin, Texas McAllen, Texas Batonn Rouge, La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Rochester, N.Y.
The report ranked the 100 largest U.S. metro aread based on employment, unemployment rates, wages, grosss metropolitan product, housing prices and foreclosur rates in thefirst quarter. D.C. ranked No. 13, whil San Antonio, Texas, placed No. 1 and Detroiyt came in last at No. 100. “Allk metropolitan areas are feeling the effects of this but the distress is notshared equally,” said Alan research director of the metropolitan policy programk at the D.C. institute and co-author of the report.
“Whilee some areas of the countryy have experienced only ashalloq downturn, and may be emerging from the recession already, people living in metro areasd that are now performing weakesft economically should prepare themselves for a long recoveryg period.” At the first quarter’s end, only 10 of the 100 metrok areas were starting to show signs of said the report, and said McAllen, Texaes was the only place that saw growth in employmengt and output. Output increased in just a handful ofmetrlo areas, including D.C.; Austin, Texas; and Virginia Beach, Va..
The reportf also pointed out that metri areas with concentrations of jobs in certain sectors have resulterd in fewer dramatic job The Rankings: San Texas Austin, Texas McAllen, Texas Batonn Rouge, La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Rochester, N.Y.
Friday, December 9, 2011
TECO Energy outlook remains strong - Triangle Business Journal:
polinaagyvtiwu.blogspot.com
billion in debt held by and subsidiariesand Co. The rating is supported by the underlying strengthof TECO’s regulated electric and gas utility subsidiary, from which it derives stable cash distributions to meet its fundinbg requirements, Fitch said a release. Tampsa Electric continues to post strong credit it maintains solid operating performance and it benefitfrom Florida’s constructive regulatory environment, Fitch said. Fitch is concerned, however, about slowinv customer growth at Tampa But the company has responded to slowefr growth by postponing projects to increaseelectric capacity.
Anotheer concern for Fitch is cash flow deterioratiob atTECO (NYSE: TE) Guatemala because of the adverse rate order in 2008, unplanned outagesw at the San Jose plant, uncertainty over the extension of a purchasec power agreement, and the potential for deferred or renegotiate d contracts because of declining market prices, higher production costs and slumping demand for coal. TECO Coal and TECO Guatemals provide roughly 20 percent of theparenty company’s consolidated earnings before interest, taxes, depreciation and Fitch said.
Credit ratios at Tampz Electric should benefit from higher base ratesw in 2009 and 2010 as a result ofa $138 millionj rate order approved in March, Fitch said. In an affiliate waterborne transportation agreement that reducedsTampa Electric’s annual net income by $10 millionn in prior years is Fitch expects coverage ratios to remain relatively stronyg with funds from operations coverage at nearly five timexs in 2009. TECO Coal is expecterd to benefit from higher priced contractsw signedin 2008. However, soft coal demand and higherr mining production costs at TECO Coal raise the risks ofcontractuapl non-performance by counter-parties and pressured margins.
Diverse regulatory orders and operatinb issues at the Guatemalan operations will resul in dividend distributions that are lower thanhistoricf levels. TECO's liquidity position is consideredx strong, Fitch said. Cash and cash equivalents were $34.9 million and availablew credit facilitieswere $530 million as of Marcgh 31. Liquidity was enhanced by a netoperatinbg loss-tax carry forward of $547.5 million as of Dec. 31, whic is expected to result in minimal cash tax paymentwsthrough 2012. In addition, TECO'z $100 million note maturing in 2010 is expected to be retireds withinternal cash.
Positive ratingf action could result in the future from consolidated leverage ratii reduction in 2010 and higher cash flows from a full year of highefr base rates in 2010 and effectivdcost control.
billion in debt held by and subsidiariesand Co. The rating is supported by the underlying strengthof TECO’s regulated electric and gas utility subsidiary, from which it derives stable cash distributions to meet its fundinbg requirements, Fitch said a release. Tampsa Electric continues to post strong credit it maintains solid operating performance and it benefitfrom Florida’s constructive regulatory environment, Fitch said. Fitch is concerned, however, about slowinv customer growth at Tampa But the company has responded to slowefr growth by postponing projects to increaseelectric capacity.
Anotheer concern for Fitch is cash flow deterioratiob atTECO (NYSE: TE) Guatemala because of the adverse rate order in 2008, unplanned outagesw at the San Jose plant, uncertainty over the extension of a purchasec power agreement, and the potential for deferred or renegotiate d contracts because of declining market prices, higher production costs and slumping demand for coal. TECO Coal and TECO Guatemals provide roughly 20 percent of theparenty company’s consolidated earnings before interest, taxes, depreciation and Fitch said.
Credit ratios at Tampz Electric should benefit from higher base ratesw in 2009 and 2010 as a result ofa $138 millionj rate order approved in March, Fitch said. In an affiliate waterborne transportation agreement that reducedsTampa Electric’s annual net income by $10 millionn in prior years is Fitch expects coverage ratios to remain relatively stronyg with funds from operations coverage at nearly five timexs in 2009. TECO Coal is expecterd to benefit from higher priced contractsw signedin 2008. However, soft coal demand and higherr mining production costs at TECO Coal raise the risks ofcontractuapl non-performance by counter-parties and pressured margins.
Diverse regulatory orders and operatinb issues at the Guatemalan operations will resul in dividend distributions that are lower thanhistoricf levels. TECO's liquidity position is consideredx strong, Fitch said. Cash and cash equivalents were $34.9 million and availablew credit facilitieswere $530 million as of Marcgh 31. Liquidity was enhanced by a netoperatinbg loss-tax carry forward of $547.5 million as of Dec. 31, whic is expected to result in minimal cash tax paymentwsthrough 2012. In addition, TECO'z $100 million note maturing in 2010 is expected to be retireds withinternal cash.
Positive ratingf action could result in the future from consolidated leverage ratii reduction in 2010 and higher cash flows from a full year of highefr base rates in 2010 and effectivdcost control.
Wednesday, December 7, 2011
Fed Beige Book sees some stabilization - Dallas Business Journal:
uhetemejih.wordpress.com
The book, published periodically by the indicates that while respondents to the surveyu weremore optimistic, they remaib skeptical about the overall economgy with hiring freezes stilkl in place and labor market conditionzs remaining soft in Eleventh District markets. Professionals working in staffing, legal and accounting firmd said clients are pushing for loweer service prices and retailers say priceason “day-to-day” goods continue to drop. Auto dealer s are finding that used car pricesa are maintaining their strengtyh and are performing better than newcar prices.
Airliner leaders interviewed for the survey said theyreported “substantialp fare sales” in recent weeks. In the energgy sector, professionals said rates charged for routined wellhead work are under pressure because producers are askinh formore concessions. Prices in the manufacturing sector remain During the periodof mid-April to late May, lighyt sweet crude oil prices jumped from $50 to $60 per The labor market showed signas of continued volatility.
Firms were stillo reporting layoffs even though employmenrt levels are considered steady The report says consolidation in industries like primary construction manufacturing, homebuilding, staffing, financialk services and auto sales creates a degreed of worry about further job The report says hiring freezes still remain prevalent and wage pressurese are “mostly nonexistent.”
The book, published periodically by the indicates that while respondents to the surveyu weremore optimistic, they remaib skeptical about the overall economgy with hiring freezes stilkl in place and labor market conditionzs remaining soft in Eleventh District markets. Professionals working in staffing, legal and accounting firmd said clients are pushing for loweer service prices and retailers say priceason “day-to-day” goods continue to drop. Auto dealer s are finding that used car pricesa are maintaining their strengtyh and are performing better than newcar prices.
Airliner leaders interviewed for the survey said theyreported “substantialp fare sales” in recent weeks. In the energgy sector, professionals said rates charged for routined wellhead work are under pressure because producers are askinh formore concessions. Prices in the manufacturing sector remain During the periodof mid-April to late May, lighyt sweet crude oil prices jumped from $50 to $60 per The labor market showed signas of continued volatility.
Firms were stillo reporting layoffs even though employmenrt levels are considered steady The report says consolidation in industries like primary construction manufacturing, homebuilding, staffing, financialk services and auto sales creates a degreed of worry about further job The report says hiring freezes still remain prevalent and wage pressurese are “mostly nonexistent.”
Monday, December 5, 2011
UP: Issue notification for urban local bodies polls within 10 days, rules HC - Times of India
batyushkinuxit.blogspot.com
UP: Issue notification for urban local bodies polls within 10 days, rules HC Times of India LUCKNOW: The Lucknow Bench of » |
Friday, December 2, 2011
Gates Foundation gives $16M to colleges - Triangle Business Journal:
lkinibim.blogspot.com
million to 15 community colleges and five states in an efforty to help struggling studentscomplete college. The Developmentf Education Initiative will award the fundinggto Connecticut, Florida, Ohio, Texas and as well as community colleges in each state plus one more in Nortn Carolina. No colleges or programs in Washington state will receive funding underthe program. For a complete list of . The funding, first announced in December of last will be awarded to and distribute dby , a North Carolina-based nonprofit. “They wanted us to identifu initiatives, programs and policies that are already being tried and had saidRichard Hart, spokesman for MDC.
The initiative seeks to support program s that help students enrolled in remedialprograms so-called refresher courses for students who are not up to gradde level in a given subject. The goal is to improve classroom performance so students can go on to take advanced courses and eventuallt graduate with a degreeor certificate. A citedc by the Gates Foundation found that nearluy 60 percent of students enrolling inthe nation’s communitu colleges must take remedial courses. Such courses cost taxpayer s $2 billion a year, according to the report.
The grantds are part of the Gates Foundation’s work to help more students graduat e from college or university an important education milestone that the foundation says is essential to earninfg a living wagein today’s economy. The grants will supporyt various state andcollege programs, including effortsd to collect data and better tracok the performance of remedial students. The Developmeny Education Initiative is also being supportedwith $1.
5 milliob from the of Indianapolis to pay for evaluation and
million to 15 community colleges and five states in an efforty to help struggling studentscomplete college. The Developmentf Education Initiative will award the fundinggto Connecticut, Florida, Ohio, Texas and as well as community colleges in each state plus one more in Nortn Carolina. No colleges or programs in Washington state will receive funding underthe program. For a complete list of . The funding, first announced in December of last will be awarded to and distribute dby , a North Carolina-based nonprofit. “They wanted us to identifu initiatives, programs and policies that are already being tried and had saidRichard Hart, spokesman for MDC.
The initiative seeks to support program s that help students enrolled in remedialprograms so-called refresher courses for students who are not up to gradde level in a given subject. The goal is to improve classroom performance so students can go on to take advanced courses and eventuallt graduate with a degreeor certificate. A citedc by the Gates Foundation found that nearluy 60 percent of students enrolling inthe nation’s communitu colleges must take remedial courses. Such courses cost taxpayer s $2 billion a year, according to the report.
The grantds are part of the Gates Foundation’s work to help more students graduat e from college or university an important education milestone that the foundation says is essential to earninfg a living wagein today’s economy. The grants will supporyt various state andcollege programs, including effortsd to collect data and better tracok the performance of remedial students. The Developmeny Education Initiative is also being supportedwith $1.
5 milliob from the of Indianapolis to pay for evaluation and
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