http://v-and-j.com/about.html
for $62.1 million, the Raleigh-based real estatw investment trustsaid Friday. The three centerss are, on average, 94.5 percent leased and 55 yearsa old. They generate a combined net operating incomesof $5.4 million a Highwoods (NYSE: HIW) said. “Oue focus remains on continuing to improve the overall quality of our portfoliok through the dispositionof older, non-cors assets,” said Ed Fritsch, presidenr and chief executive officer of Highwoods. “In by selling these older, capital intensive retail we are avoidingover $3 million in building improvementzs that would have been incurre d over the next two Our 2.
3 million square feet of office and retail properties in Kansasa City are now exclusively located in and arounds the Country Club Plaza, a unique, upscale retaio center that includes many high-end nationaol retailers.” As of March 31, Highwoodxs owned or had an interest in 382 in-service industrial and retail properties encompassing about 35.4 million square feet.
Wednesday, March 30, 2011
Monday, March 28, 2011
American Insulock looks to build business in new industry - Houston Business Journal:
xiwyxucupewox.blogspot.com
The company, which originated in Canada but now is basedxin Phoenix, manufactures polyurethane At first, Insulock blockes were marketed primarily for building sustainablr houses — but the targef market was high-end custom homes, whicuh never provided enough work to supporg growth, said CEO Joel Borovay. When Borovay joined the company late last year with a new group of they decided to move away from home buildinhg and target commercial builders and infrastructure such as freewaysound walls. “The previous managemenr always wentafter residential, and that’s a very difficultg paradigm shift,” he said.
The company is moving into the final stages of approval with the Californi a Department of Transportation for its materials to be used in that Because California has some of the strictest building standardxs inthe country, Bor-o-vay said it was a good placw to start — and approval there could put the company on a fast track in other states. Insulock blocks are larger versionsof children’s buildingy toys. Each one is about twice as long as a typicaol cinder block usedin construction, but each weighxs just 2 pounds, comparefd to about 36 pounds for the cinder The blocks stack together and have hollow cores through which wirexs can be run.
The cores also can be filledx with cement and rebar toprovide rigidity. They are nearly identica l to cinder blocks in the way theyare “The whole intention of this is to do everythingb the same,” Borovay said. Building with foam materiale is not a new Various companies have construction methods involvingf foam shells andconcrete cores. a former chief operating officer of InsightEnterprisews Inc., said the key is havint a wide base of manufacturing from which to deliver. The compang has a deal with the Woodbridge Group to use several ofthat company’ds manufacturing facilities to produce the blocksx in mass quantities.
Woodbridge has 64 facilitiess in24 countries, allowing the relatively small Insu-loc k to have a global reach, Borova said. The idea for expansionb into highway projects came from a demonstration project the company built in 1991 part of a sound wall along a freewayin Calif. It was one of the few wall sectionws that escaped damage in the area duringg the 1994Northridge earthquake. “In 18 years, the only maintenancwe they’ve done on that wall is to spray-paintg it,” Borovay said. He said the company has met with state transportation departments in Nevada and New Mexiclo about using the blocks insound walls.
Insulocok also is working with some companies in the Vallehy to try to spur use of the blockw in upcomingcommercial projects, particularly those considering building greener. Because of the material’z weight, the company pitches it as producing less carbo nin shipping. Among its other benefits are its high insulatiobn rating and the lack of concrete used in its Peter Koliopoulos, president and founder of in Scottsdale, sees the product’z potential in the commercial sphere. “Thse modular construction and installation would be very he said. With projects looking to meet standardds such asthe U.S.
Green Building Council’s Leadership in Energy and EnvironmentaoDesign program, having a well-insulated building with lower energy use could have its benefits, Koliopoulos said. Insulock has the potential to replaced cinderblock constructionon single-story buildings such as stri p malls, drug stores and grocery stores, said Clifford principal of LLC in Scottsdale. “Right now it has the potentialk to replacethose blocks, but not entirely,” he said, notint cinder block still will be needed for structural Insulock is working with Tescl PLC, owner of Fresh & Easy as well as Palledeo, a Glendale, Calif.
-based company that developsw grocery stores and other retailers, to see abouyt including its product on more projects, Borovay said. “Ir you look at it, there hasn’t been a lot of innovatiobn incommercial building,” he said. “They’res looking for it.” While polyurethane isn’rt a renewable material, the company has begun experimentinf with other base materials that are Borovay said.
The company, which originated in Canada but now is basedxin Phoenix, manufactures polyurethane At first, Insulock blockes were marketed primarily for building sustainablr houses — but the targef market was high-end custom homes, whicuh never provided enough work to supporg growth, said CEO Joel Borovay. When Borovay joined the company late last year with a new group of they decided to move away from home buildinhg and target commercial builders and infrastructure such as freewaysound walls. “The previous managemenr always wentafter residential, and that’s a very difficultg paradigm shift,” he said.
The company is moving into the final stages of approval with the Californi a Department of Transportation for its materials to be used in that Because California has some of the strictest building standardxs inthe country, Bor-o-vay said it was a good placw to start — and approval there could put the company on a fast track in other states. Insulock blocks are larger versionsof children’s buildingy toys. Each one is about twice as long as a typicaol cinder block usedin construction, but each weighxs just 2 pounds, comparefd to about 36 pounds for the cinder The blocks stack together and have hollow cores through which wirexs can be run.
The cores also can be filledx with cement and rebar toprovide rigidity. They are nearly identica l to cinder blocks in the way theyare “The whole intention of this is to do everythingb the same,” Borovay said. Building with foam materiale is not a new Various companies have construction methods involvingf foam shells andconcrete cores. a former chief operating officer of InsightEnterprisews Inc., said the key is havint a wide base of manufacturing from which to deliver. The compang has a deal with the Woodbridge Group to use several ofthat company’ds manufacturing facilities to produce the blocksx in mass quantities.
Woodbridge has 64 facilitiess in24 countries, allowing the relatively small Insu-loc k to have a global reach, Borova said. The idea for expansionb into highway projects came from a demonstration project the company built in 1991 part of a sound wall along a freewayin Calif. It was one of the few wall sectionws that escaped damage in the area duringg the 1994Northridge earthquake. “In 18 years, the only maintenancwe they’ve done on that wall is to spray-paintg it,” Borovay said. He said the company has met with state transportation departments in Nevada and New Mexiclo about using the blocks insound walls.
Insulocok also is working with some companies in the Vallehy to try to spur use of the blockw in upcomingcommercial projects, particularly those considering building greener. Because of the material’z weight, the company pitches it as producing less carbo nin shipping. Among its other benefits are its high insulatiobn rating and the lack of concrete used in its Peter Koliopoulos, president and founder of in Scottsdale, sees the product’z potential in the commercial sphere. “Thse modular construction and installation would be very he said. With projects looking to meet standardds such asthe U.S.
Green Building Council’s Leadership in Energy and EnvironmentaoDesign program, having a well-insulated building with lower energy use could have its benefits, Koliopoulos said. Insulock has the potential to replaced cinderblock constructionon single-story buildings such as stri p malls, drug stores and grocery stores, said Clifford principal of LLC in Scottsdale. “Right now it has the potentialk to replacethose blocks, but not entirely,” he said, notint cinder block still will be needed for structural Insulock is working with Tescl PLC, owner of Fresh & Easy as well as Palledeo, a Glendale, Calif.
-based company that developsw grocery stores and other retailers, to see abouyt including its product on more projects, Borovay said. “Ir you look at it, there hasn’t been a lot of innovatiobn incommercial building,” he said. “They’res looking for it.” While polyurethane isn’rt a renewable material, the company has begun experimentinf with other base materials that are Borovay said.
Sunday, March 27, 2011
Streamline jumps into black for 1Q - Dayton Business Journal:
ermolayenayqaked.blogspot.com
The software company reported net incomeof $16,300, or zero centws per share, compared to a net loss of $815,000, or 9 centse per share, in the year-agok quarter. Revenues grew to $3.8 million from $3.6 million. The one analysf who covers the company expected a net loss of 2 cente on revenuesof $3.5 million. Systems salesd and service, maintenance and support revenuee both rose 12 percent during the while application hosting services revenues fell23 percent, the companyu said in a news “We continue to make progress in movinb this business forward to the point of becomingb consistently profitable; that is our main strategid goal,” said CEO Brian Patsy in the In early June, Streamline won a contracgt valued at more than $1 million to integrat e its document workflow solutions into an electroni medical records system at a Canadiah health care region, Patsy said.
It is the secone Canadian contract the company has won in the past Despite thebetter news, shares of Streamline STRM), followed most tech stockes down on Wednesday morning, losing more than 8 or 26 cents, to $2.89. Streamline Healt h Solutions, based in Cincinnati, is a supplierr of workflow and document management applications and servicesto businesses, specifically health-care organizations.
The software company reported net incomeof $16,300, or zero centws per share, compared to a net loss of $815,000, or 9 centse per share, in the year-agok quarter. Revenues grew to $3.8 million from $3.6 million. The one analysf who covers the company expected a net loss of 2 cente on revenuesof $3.5 million. Systems salesd and service, maintenance and support revenuee both rose 12 percent during the while application hosting services revenues fell23 percent, the companyu said in a news “We continue to make progress in movinb this business forward to the point of becomingb consistently profitable; that is our main strategid goal,” said CEO Brian Patsy in the In early June, Streamline won a contracgt valued at more than $1 million to integrat e its document workflow solutions into an electroni medical records system at a Canadiah health care region, Patsy said.
It is the secone Canadian contract the company has won in the past Despite thebetter news, shares of Streamline STRM), followed most tech stockes down on Wednesday morning, losing more than 8 or 26 cents, to $2.89. Streamline Healt h Solutions, based in Cincinnati, is a supplierr of workflow and document management applications and servicesto businesses, specifically health-care organizations.
Friday, March 25, 2011
ARTICLES OF INCORPORATION OF Pursuant to A.R.S. § 10-202 (An Arizona Business ... - White Mountain Independent
evittiebodum1296.blogspot.com
ARTICLES OF INCORPORATION OF Pursuant to A.R.S. § 10-202 (An Arizona Business ... White Mountain Independent 2. Initial Business: The Corporation initially intends to conduct the business of: COMMERCIAL & RESIDENTIAL DISASTER RELIEF, AND REMODELING. 3. Authorized Capital. The corporation shall have authority to issue 1000,00 shares of Common Stock. 4. ... |
Wednesday, March 23, 2011
County closer to deal for St. Michael - The Business Journal of Milwaukee:
Sanyo 12KS71
The Glendale-based health care systemm is not releasing details of the agreement or the name of the developer because terms are saidAnne Ballentine, spokeswoman for Wheato Franciscan Healthcare. The county does plan to engage the developerfin negotiations, said Rob director of the county'sw Department of Administrative Services. "We have not yet begunb formal negotiations, but I anticipate that we will," he The Milwaukee County Board approved a request to negotiatre with Wheaton or other parties onJuly 26, aftere reviewing a study that comparee the current location of the county'x Behavioral Health Department on Watertown Plank Road in Wauwatosa, and the facility's possible move to St.
Michael Hospital, 2400 W. Villardf Ave., Milwaukee. If the move takes it is expected to save the county morethan $2 milliob in annual operating costs, Henken said.
The Glendale-based health care systemm is not releasing details of the agreement or the name of the developer because terms are saidAnne Ballentine, spokeswoman for Wheato Franciscan Healthcare. The county does plan to engage the developerfin negotiations, said Rob director of the county'sw Department of Administrative Services. "We have not yet begunb formal negotiations, but I anticipate that we will," he The Milwaukee County Board approved a request to negotiatre with Wheaton or other parties onJuly 26, aftere reviewing a study that comparee the current location of the county'x Behavioral Health Department on Watertown Plank Road in Wauwatosa, and the facility's possible move to St.
Michael Hospital, 2400 W. Villardf Ave., Milwaukee. If the move takes it is expected to save the county morethan $2 milliob in annual operating costs, Henken said.
Monday, March 21, 2011
Black & Veatch will buy HQ building for $60M, add 250,000 square feet - Kansas City Business Journal:
Kenmore 73069
Ultimately, the decision is expected to result in morethan 1,000 new jobs for Overland Park. The area’s 12th-larges t private-sector employer, Black & Veatch employs 3,8009 at five area offices, includiny more than 2,300 at the Lamar Avenus headquarters. The lease for that structure the largest office building inKansas — is scheduled to expire in May 2012. That fact and Blacok & Veatch’s continuing growth prompted the company to consider 40 potentiak headquarters sites in the Kansas City area during the past two But incentives from Kansas and Overland Park helpes persuadeBlack & Veatch to buy and expand its currentt headquarters.
Overland Park Mayor Carl Gerlach said the city has committed toa 10-year, 75 percent property tax abatemenr — the largest percentage abated in city The Sprint World Headquarters Campus, about a bloci east of the Black & Veatch received a 10-year, 50 percentf abatement. Overland Park officials have not yet calculated the dollad value of theBlacok & Veatch abatement, a spokesman said. Kansasx Secretary of Commerce David Kerr, who attended Monday’sz Black & Veatch announcement, said the statw had pledged to provids an impact grantworth $25 million for training and capita l investment. That money will come from withholdinf taxes paid by employees atthe headquarters.
Kansas Lt. Gov. Mark who also attended the announcement atBlack & Veatch’s headquarters, said the city and statd incentive packages weren’t the only factors motivating Blackm & Veatch’s decision. “It’s ... no secre t that there are states that are willinv to pay virtually anything to achievew the level of prestige that would be connected with havingyBlack & Veatch move to their area,” Parkinson said.
it took a decision on the part ofBlacok & Veatch that, while this particula package may not have been as profitables to Black & Veatch as perhapsa moving to some faraway state, it was in the best interesg of the region and the companu to stay here.” Blac k & Veatch is scheduled to close on the headquarters site by A consortium of local banks led by The will financew the purchase from the building’s current Chicago-based .
After the building is by roughly 2015, it will accommodatr a work force of more than In theshorter term, Black & Veatchy CEO Len Rodman said, the company will make improvements to the existing 600,000-square-foot structure and its Those will include sustainability features such as rainwater reuse a solar courtyard, a solar canopy, a bio garden and an innovation pavilion. The expansion project also will demonstrated the types of complex challengeswBlack & Veatch engineers and consultantas tackle for clients every day, Rodman said.
“This decision to adapt an older facilityto tomorrow’s designh standards brings a much larger technical challengs and will ultimately result in a more sustainabls solution than construction of a new Rodman said. Rodman said the firm hasn’f affixed an estimated dollatr value to theexpansion project. Black Veatch ranks No. 1 on the Kansas City Business Journak 's list of area engineerintg firms.
Ultimately, the decision is expected to result in morethan 1,000 new jobs for Overland Park. The area’s 12th-larges t private-sector employer, Black & Veatch employs 3,8009 at five area offices, includiny more than 2,300 at the Lamar Avenus headquarters. The lease for that structure the largest office building inKansas — is scheduled to expire in May 2012. That fact and Blacok & Veatch’s continuing growth prompted the company to consider 40 potentiak headquarters sites in the Kansas City area during the past two But incentives from Kansas and Overland Park helpes persuadeBlack & Veatch to buy and expand its currentt headquarters.
Overland Park Mayor Carl Gerlach said the city has committed toa 10-year, 75 percent property tax abatemenr — the largest percentage abated in city The Sprint World Headquarters Campus, about a bloci east of the Black & Veatch received a 10-year, 50 percentf abatement. Overland Park officials have not yet calculated the dollad value of theBlacok & Veatch abatement, a spokesman said. Kansasx Secretary of Commerce David Kerr, who attended Monday’sz Black & Veatch announcement, said the statw had pledged to provids an impact grantworth $25 million for training and capita l investment. That money will come from withholdinf taxes paid by employees atthe headquarters.
Kansas Lt. Gov. Mark who also attended the announcement atBlack & Veatch’s headquarters, said the city and statd incentive packages weren’t the only factors motivating Blackm & Veatch’s decision. “It’s ... no secre t that there are states that are willinv to pay virtually anything to achievew the level of prestige that would be connected with havingyBlack & Veatch move to their area,” Parkinson said.
it took a decision on the part ofBlacok & Veatch that, while this particula package may not have been as profitables to Black & Veatch as perhapsa moving to some faraway state, it was in the best interesg of the region and the companu to stay here.” Blac k & Veatch is scheduled to close on the headquarters site by A consortium of local banks led by The will financew the purchase from the building’s current Chicago-based .
After the building is by roughly 2015, it will accommodatr a work force of more than In theshorter term, Black & Veatchy CEO Len Rodman said, the company will make improvements to the existing 600,000-square-foot structure and its Those will include sustainability features such as rainwater reuse a solar courtyard, a solar canopy, a bio garden and an innovation pavilion. The expansion project also will demonstrated the types of complex challengeswBlack & Veatch engineers and consultantas tackle for clients every day, Rodman said.
“This decision to adapt an older facilityto tomorrow’s designh standards brings a much larger technical challengs and will ultimately result in a more sustainabls solution than construction of a new Rodman said. Rodman said the firm hasn’f affixed an estimated dollatr value to theexpansion project. Black Veatch ranks No. 1 on the Kansas City Business Journak 's list of area engineerintg firms.
Saturday, March 19, 2011
NCAA Tournament: Butler upsets 1-seed Pitt on Matt Howard free throw after ... - New York Daily News
Air Purifiers Moreno Valley
ABC News | NCAA Tournament: Butler upsets 1-seed Pitt on Matt Howard free throw after ... New York Daily News makes the winning free throw after the officials c » |
Thursday, March 17, 2011
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Jacksonville Business Journal:
Air Purifiers Moreno Valley
The board of Six Flags (OTCBB: voted last week to begin reorganization proceedingsin U.S. Bankruptcy Courr for the District of The company listed assetsof $3.03 billion and debte of $2.36 billion in its filing. Cascade the investment firm for Microsoft founder Bill owns 11.1 percent of the voting securities in New York-base Six Flags, the largest bankruptcy documents show. Six Flags has 97.7 millionh shares of common stockand 1.1 million shares of preferresd stock. "The current management team inheriteda $2.
4 billion debt load that cannog be sustained, particularly in these challenging financial markets," said Mark president and CEO of Six Flags, in a "As a result, we are cleaning up the past and positioninfg the company for future growth ... Followingv a record year of performancein 2008, whichy completed the three-year turnaround of our system-widre park operation, this actionn to clean up the balance sheer paves the way for a full revival of the Shapiro said. Elitch Gardens had operated for more than a centuryu at a northwestDenver site. The old Elitch Gardens shut down in and a new version of the amusement park openedc a year later indowntown Denver.
The local Gurtlef family and its financiapl partners sold the new park to PremierParkes Inc. in 1996 for $65 million. It becamr Six Flags Elitch Gardens twoyears later, when Premier acquired Six Flags Inc. and changed its corporate name toSix Flags. Six Flagsd sold off Elitch's and other properties in 2007 in a seriez of transactions that left the Denver attraction in the hande of CNL IncomeProperties Inc., a real estatd investment trust based in Orlando, Fla. CNL reportedlh paid $312 million for the properties. CNL arrangex for Parc Management LLC of Florida tomanage Elitch's. Six Flag now operates about 20 North Americanhamusement parks.
The board of Six Flags (OTCBB: voted last week to begin reorganization proceedingsin U.S. Bankruptcy Courr for the District of The company listed assetsof $3.03 billion and debte of $2.36 billion in its filing. Cascade the investment firm for Microsoft founder Bill owns 11.1 percent of the voting securities in New York-base Six Flags, the largest bankruptcy documents show. Six Flags has 97.7 millionh shares of common stockand 1.1 million shares of preferresd stock. "The current management team inheriteda $2.
4 billion debt load that cannog be sustained, particularly in these challenging financial markets," said Mark president and CEO of Six Flags, in a "As a result, we are cleaning up the past and positioninfg the company for future growth ... Followingv a record year of performancein 2008, whichy completed the three-year turnaround of our system-widre park operation, this actionn to clean up the balance sheer paves the way for a full revival of the Shapiro said. Elitch Gardens had operated for more than a centuryu at a northwestDenver site. The old Elitch Gardens shut down in and a new version of the amusement park openedc a year later indowntown Denver.
The local Gurtlef family and its financiapl partners sold the new park to PremierParkes Inc. in 1996 for $65 million. It becamr Six Flags Elitch Gardens twoyears later, when Premier acquired Six Flags Inc. and changed its corporate name toSix Flags. Six Flagsd sold off Elitch's and other properties in 2007 in a seriez of transactions that left the Denver attraction in the hande of CNL IncomeProperties Inc., a real estatd investment trust based in Orlando, Fla. CNL reportedlh paid $312 million for the properties. CNL arrangex for Parc Management LLC of Florida tomanage Elitch's. Six Flag now operates about 20 North Americanhamusement parks.
Monday, March 14, 2011
Gates Foundation, MDC give $1M grant - Business First of Buffalo:
NewAir ACP-1400E
Valencia will get $743,000 over three yeares to create a centralizedremedial program, used acros four campuses. It planws to align high school, remedial and college-level standards, expand its remediall learning communities, and embedf reading skills into remedialmath courses. The announced June 22, will support remedial programs developede by Valencia through Achieving the CommunityColleges Count, a multiyeaf national initiative aimed at increasingg college graduation rates among disadvantaged students. The state will get also get $300,00o0 over three years to collaboratwwith K-12 to reduce the need for remedialo education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policiex acceleratingthe states’ remedial education programs. The Florida grants are part ofa $16.65 million effort to improve remedial education at community collegee in five states, reaching about 45,000 students nationwide. Four statex and 14 other collegesz received similar Gates grants for their Achieving theDreamk program. Each community college will receiver $743,000 over three years to expandits programs. Lumina Foundation for Education has alsocommittedd $1.
5 million to this initiative for evaluation and About 375,000 Florida degree-seeking students annuallh attend a local cmmunity college, with nearlyu 40 percent of them takingg remedial classes to build basic academic skills. National studiess have shown nearly two-thirds of those takin g remedial classesnever graduate, but successful programx at several colleges demonstrate these numbers can be improved.
Valencia will get $743,000 over three yeares to create a centralizedremedial program, used acros four campuses. It planws to align high school, remedial and college-level standards, expand its remediall learning communities, and embedf reading skills into remedialmath courses. The announced June 22, will support remedial programs developede by Valencia through Achieving the CommunityColleges Count, a multiyeaf national initiative aimed at increasingg college graduation rates among disadvantaged students. The state will get also get $300,00o0 over three years to collaboratwwith K-12 to reduce the need for remedialo education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policiex acceleratingthe states’ remedial education programs. The Florida grants are part ofa $16.65 million effort to improve remedial education at community collegee in five states, reaching about 45,000 students nationwide. Four statex and 14 other collegesz received similar Gates grants for their Achieving theDreamk program. Each community college will receiver $743,000 over three years to expandits programs. Lumina Foundation for Education has alsocommittedd $1.
5 million to this initiative for evaluation and About 375,000 Florida degree-seeking students annuallh attend a local cmmunity college, with nearlyu 40 percent of them takingg remedial classes to build basic academic skills. National studiess have shown nearly two-thirds of those takin g remedial classesnever graduate, but successful programx at several colleges demonstrate these numbers can be improved.
Saturday, March 12, 2011
Trends add flavor to 18th Media Classic - Mid Columbia Tri City Herald
http://acecutlery.com/Tableware/Tableware-Japan/
Trends add flavor to 18th Media Classic Mid Columbia Tri City Herald But since 1994, the first year of the annual series between players from the Tri-City Herald and Yakima Herald readership areas, a noticeable trend has developed. The Yakima boys won the next 14 consecutive games and lead the overall series 18-3. ... |
Wednesday, March 9, 2011
Treasury lets 10 banks repay $68B - Nashville Business Journal:
erofeyporgrinin.blogspot.com
According to MarketWatch, and are not among The department saysthe institutions, which it did not have met the requirements for repayment establishedx by federal banking supervisors. It says many bank recently have raised equity capital from private investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financialk repair, but we still have work to Treasury Secretary Tim Geithner According to MarketWatch, the banks permitteed to pay back the funds are JPMorganj Chase & Co., Goldman Sachs Group Inc., Morgaj Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp., Capitap One Financial Corp.
and Northerj Trust. More than 600 banks received a totalp ofnearly $200 billion through the department’sx Troubled Asset Relief Program. About $2 billio n of that money was paidback Charlotte-based BofA (NYSE:BAC) received a totao of $45 billion through the program. San Francisco-baserd Wells Fargo (NYSE:WFC), which acquired of Charlottes latelast year, got $25 billionj from the TARP initiative, which is designes to thaw the credit markets and boost the Under the program, banks retiring their preferred stock can repurchase the warrants held by the Treasury Department. Besides the proceeds from the sale ofthe warrants, the department also has receivedc $4.
5 billion in dividend payments from program Proceeds from the repayments will go to the Treasurt Department’s general fund. The funds can be used to reduce the nationa l debt and can serve as a cushion in case the department needs to respond to financial emergencies in the thedepartment says.
According to MarketWatch, and are not among The department saysthe institutions, which it did not have met the requirements for repayment establishedx by federal banking supervisors. It says many bank recently have raised equity capital from private investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financialk repair, but we still have work to Treasury Secretary Tim Geithner According to MarketWatch, the banks permitteed to pay back the funds are JPMorganj Chase & Co., Goldman Sachs Group Inc., Morgaj Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp., Capitap One Financial Corp.
and Northerj Trust. More than 600 banks received a totalp ofnearly $200 billion through the department’sx Troubled Asset Relief Program. About $2 billio n of that money was paidback Charlotte-based BofA (NYSE:BAC) received a totao of $45 billion through the program. San Francisco-baserd Wells Fargo (NYSE:WFC), which acquired of Charlottes latelast year, got $25 billionj from the TARP initiative, which is designes to thaw the credit markets and boost the Under the program, banks retiring their preferred stock can repurchase the warrants held by the Treasury Department. Besides the proceeds from the sale ofthe warrants, the department also has receivedc $4.
5 billion in dividend payments from program Proceeds from the repayments will go to the Treasurt Department’s general fund. The funds can be used to reduce the nationa l debt and can serve as a cushion in case the department needs to respond to financial emergencies in the thedepartment says.
Monday, March 7, 2011
Family Upset With Plans to Honor Last WWI Veteran - OzarksFirst.com
http://mumbaiangels.com/pratul_dalal.html
CBS News | Family Upset With Plans to Honor Last WWI Veteran OzarksFirst.com There is a controversy growing over how the life of the last World War I veteran should remembered. Corporal Frank Buckles lived in Missouri at one time. Some of his family members are not happy with how the government plans to honor him. ... Weekdays 4p et Paying proper tribute to the last veteran of first world war GUEST EDITORIAL: Veterans' sacrifices teach us a lesson |
Friday, March 4, 2011
Schwarzenegger says day of reckoning is here - Dayton Business Journal:
http://ceppwawu.org/index.php?option=com_content&view=article&id=33:what-is-uncategorised-article&catid=31:general&Itemid=46
“California’s day of reckoning is here,” he said. With no the state could run out of cash in 14 Three months after the states budgetwas approved, California faces a $24 billion deficit. Schwarzenegger has already proposed massive cutsto education, healtgh care and prisons. Now he’s looking for structurao reform to make government more efficient and stretchtaxpayer dollars. He’ asked the State Board of for example, to make textbooks available in digitalformatas — a move that could save In 2004, the governod talked about blowing up boxeas and consolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzenegger is proposing once again to eliminate and consolidate more than a dozenstated departments, boards and commissions. This includes the Wastw Management Board, the Court Reporters the Department of Boating and Waterways and the Inspectionn and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnologg departments. Now Schwarzenegger wants to consolidate departmentz that oversee financial institutions and merge taxcollectionh operations. In July, statw leaders will receive recommendations on how to modernizs thetax code.
“This will be a tremendouxs opportunity to make our revenues more reliabled and less volatile and help the statde avoid the boom and bust budgets that have brought ushere today,” Schwarzenegger told lawmakers. It’s not goinvg to happen in 14 days, he said. But it could happenb before the Legislature adjourns for summer recesse onJuly 17.
“California’s day of reckoning is here,” he said. With no the state could run out of cash in 14 Three months after the states budgetwas approved, California faces a $24 billion deficit. Schwarzenegger has already proposed massive cutsto education, healtgh care and prisons. Now he’s looking for structurao reform to make government more efficient and stretchtaxpayer dollars. He’ asked the State Board of for example, to make textbooks available in digitalformatas — a move that could save In 2004, the governod talked about blowing up boxeas and consolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzenegger is proposing once again to eliminate and consolidate more than a dozenstated departments, boards and commissions. This includes the Wastw Management Board, the Court Reporters the Department of Boating and Waterways and the Inspectionn and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnologg departments. Now Schwarzenegger wants to consolidate departmentz that oversee financial institutions and merge taxcollectionh operations. In July, statw leaders will receive recommendations on how to modernizs thetax code.
“This will be a tremendouxs opportunity to make our revenues more reliabled and less volatile and help the statde avoid the boom and bust budgets that have brought ushere today,” Schwarzenegger told lawmakers. It’s not goinvg to happen in 14 days, he said. But it could happenb before the Legislature adjourns for summer recesse onJuly 17.
Wednesday, March 2, 2011
Workers at two MillerCoors plants ratify new deals - The Business Journal of Milwaukee:
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and Fort Worth, Texas, have ratified new, three-yeat contracts. The agreements cover more than 900 employeesw at the two breweries and provide wage and pension increases over the course ofthe “Our members overwhelmingly ratified these contracts at MillerCoor because they provide stabilityu for their families,” said Jack director of the Teamsters Brewer and Soft Drink Workers Conference, which representxs workers at the breweries. “For the next threer years, our members at MillerCoors know that their wages and pension benefitswill increase, which is sayint a lot in today’z economy.
” The contracts call for no healthy care cost increases for workers in the first year of the contractr and only minor increases for the second and thirr years, according to the union. The new deal also guaranteeas that employees who have retired or who will retird during the course ofthe three-yeadr contracts won’t be required to pay health care premiums. “We valud all generations of our members, so we made sure that there were improvements for both active membersd at MillerCoors and the retirees who had pavedd the way before with their long yearszof service,” Cipriani said. The Teamsters uniomn represents 1,200 MillerCoors workeres nationwide.
The union also represents workers at the MillerCoors breweryin Irwindale, Calif. Negotiations for a new contract covering employees at the plantt areunder way. MillerCoors is a joint venturre between MillerBrewing Co., Milwaukee, and Coors Brewinf Co., Golden, Colo., that launchecd in July 2008. MillerCoors operate s a major brewery and regional officeon Milwaukee’s west Workers at the Milwaukee brewery are representexd by Brewery Workers Local 9 of the United Auto Workers union.
and Fort Worth, Texas, have ratified new, three-yeat contracts. The agreements cover more than 900 employeesw at the two breweries and provide wage and pension increases over the course ofthe “Our members overwhelmingly ratified these contracts at MillerCoor because they provide stabilityu for their families,” said Jack director of the Teamsters Brewer and Soft Drink Workers Conference, which representxs workers at the breweries. “For the next threer years, our members at MillerCoors know that their wages and pension benefitswill increase, which is sayint a lot in today’z economy.
” The contracts call for no healthy care cost increases for workers in the first year of the contractr and only minor increases for the second and thirr years, according to the union. The new deal also guaranteeas that employees who have retired or who will retird during the course ofthe three-yeadr contracts won’t be required to pay health care premiums. “We valud all generations of our members, so we made sure that there were improvements for both active membersd at MillerCoors and the retirees who had pavedd the way before with their long yearszof service,” Cipriani said. The Teamsters uniomn represents 1,200 MillerCoors workeres nationwide.
The union also represents workers at the MillerCoors breweryin Irwindale, Calif. Negotiations for a new contract covering employees at the plantt areunder way. MillerCoors is a joint venturre between MillerBrewing Co., Milwaukee, and Coors Brewinf Co., Golden, Colo., that launchecd in July 2008. MillerCoors operate s a major brewery and regional officeon Milwaukee’s west Workers at the Milwaukee brewery are representexd by Brewery Workers Local 9 of the United Auto Workers union.
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