ramsburgsyuheo1544.blogspot.com
In the past week, the Riverside-basedx company expanded its Peach State facility froma 6,000-square-footf office to a 40,000-square-foogt building. The new building dwarfs CDO’w local headquarters, which is about 15,0009 square feet. The Georgia expansion — near — comesw after the company received additionap work from anexistiny $96 million contract awarded in 2005. CDO perform s technical data and engineering support atthe , at the The 13,000-person center is a supportr and repair depot for a variety of including the gigantic C-5 Galaxy.
Company Vice President Don Ertek did not disclose how much revenue the additional work will but said it will add 20 new employeess immediately and another 80 by the end ofthe year. CDO currentlg has about 315 employees, 85 of whichb are local, said Dave Stack, CDO director of corporatre developmentand communications. Last January the company had 305 totaol employees with225 local, according to research. The companyg is making the shift aftere programs at dried up or shifted awayfrom CDO’ws expertise. “Wright-Patt used to be our breaed and butter,” Stack said.
Within the past few months, the companyt was selected to bid on a potof $428 million, used to deliverd Radio Frequency Identification (RFID) solutions to federal defense and non-defense users. It will be administered by the . The contracgt is for state-of-the-art methods to monitor and track item sand people. The company also made the shorrt list of contractors in Marcyh allowed to bid on aseparatde $75.5 million from the . The contracft will lay the groundwork for CDO to work with the or the to integrats RFID infrastructure within itssupply chain.
Most of the work will be performed at locations outside theDayton region, but any projects the companu wins will be managed out of the headquarters, thus boosting its locaol staff, Ertel said. The 19-year-old compant is making significant stridezs securing businessoutside Wright-Patt, CDO Presideny and CEO Al Wofford said in an employee “We are fortunate at CDO to have a broad businesx base,” Wofford wrote. “Thisa didn’t happen overnight.” Ertel said the company recently hired a commercial businessdevelopment manager, as CDO seeks to translatee its government success into the commercial marketplace.
Friday, August 31, 2012
Thursday, August 30, 2012
On the menu: Chipotle opening Clifton Park restaurant - The Business Review (Albany):
tarpleypymibujuh1491.blogspot.com
in the shopping mall, lateer this year. The Tex-Mex chain will move into new space in thevacanyt Steinbach’s department store. The mall’s owner, , is rebuildin g the former department store to accommodate 10 to 15 individua l storefrontsin 40,000 to 45,00o square feet of leasable The Clifton Park Chipotle is schedulerd to open in early- to mid-December, company spokeswoman Katherine Newel Smith said. Like the recently opened Wilton Chipotler and another plannedfor Latham, the Clifton Park locationj will incorporate such elements as high-efficiency heatin and cooling, low-energy lighting and speciallyy coated glass. Denver, Colo.
-based Chipotle opened up its first CapitalRegiom location—and upstate New York’s first—in at 3057 Route 50 in Wilton, a town abou 15 miles north of Clifton Park. Both towns are locatedr in Saratoga County. The company’s second Capitalp Region restaurant is schedulef to open in Lathamin November, at the intersectioh of Wade Road and Route 7 in The average per-person checkj is $8 to $9.
Entrees typically run betweenn $6 and $7, according to the company’s Web The redesign of the former Steinbach’se space will be similar to the changes DCG made to other sectionsw of the enclosed mall a couple of years ago to creatr storefronts that shoppers can access directlyt from theparking lot.
in the shopping mall, lateer this year. The Tex-Mex chain will move into new space in thevacanyt Steinbach’s department store. The mall’s owner, , is rebuildin g the former department store to accommodate 10 to 15 individua l storefrontsin 40,000 to 45,00o square feet of leasable The Clifton Park Chipotle is schedulerd to open in early- to mid-December, company spokeswoman Katherine Newel Smith said. Like the recently opened Wilton Chipotler and another plannedfor Latham, the Clifton Park locationj will incorporate such elements as high-efficiency heatin and cooling, low-energy lighting and speciallyy coated glass. Denver, Colo.
-based Chipotle opened up its first CapitalRegiom location—and upstate New York’s first—in at 3057 Route 50 in Wilton, a town abou 15 miles north of Clifton Park. Both towns are locatedr in Saratoga County. The company’s second Capitalp Region restaurant is schedulef to open in Lathamin November, at the intersectioh of Wade Road and Route 7 in The average per-person checkj is $8 to $9.
Entrees typically run betweenn $6 and $7, according to the company’s Web The redesign of the former Steinbach’se space will be similar to the changes DCG made to other sectionsw of the enclosed mall a couple of years ago to creatr storefronts that shoppers can access directlyt from theparking lot.
Tuesday, August 28, 2012
Ohio, colleges awarded $4M in Gates grants - Business First of Louisville:
paramonaxogilozi.blogspot.com
The foundation’s Development Education Initiativesawarded $16.5 million to Ohio, Connecticut, Florida, Texas and as well as community colleges in each state. A communitt college in North Carolina alsoreceivedx funding. The initiative seeks to support programa that help students enrolled in remedialprograms so-called refresher courses for students who are not up to grade level in a given subject.
The goal is to improvse classroom performance so students can go on to take advanced coursex and eventually graduate with a degree or The state of Ohio wasawarded $300,000 over a three-yeart period to develop a new performance-based funding system that rewardz community colleges for helping students completew remedial and college-level courses. The foundation also said it’w awarding $743,000 over three years to each of the followint fiveOhio schools: , , , and . The grants will support various state andcollege programs, including effortes to collect data and better track the performancer of remedial students, the foundation Click for a look at awarfd recipients nationwide.
The foundation’s Development Education Initiativesawarded $16.5 million to Ohio, Connecticut, Florida, Texas and as well as community colleges in each state. A communitt college in North Carolina alsoreceivedx funding. The initiative seeks to support programa that help students enrolled in remedialprograms so-called refresher courses for students who are not up to grade level in a given subject.
The goal is to improvse classroom performance so students can go on to take advanced coursex and eventually graduate with a degree or The state of Ohio wasawarded $300,000 over a three-yeart period to develop a new performance-based funding system that rewardz community colleges for helping students completew remedial and college-level courses. The foundation also said it’w awarding $743,000 over three years to each of the followint fiveOhio schools: , , , and . The grants will support various state andcollege programs, including effortes to collect data and better track the performancer of remedial students, the foundation Click for a look at awarfd recipients nationwide.
Monday, August 27, 2012
Usai lebaran, Harga Sembako di Magelang Terpantau Stabil - Suara Merdeka CyberNews
ejyceh.wordpress.com
Suara Merdeka CyberNews | Usai lebaran, Harga Sembako di Magelang Terpantau Stabil Suara Merdeka CyberNews “Beras yang paling bagus dan mahal juga stabil, yakni beras kanthil Rp 8.600/kg (bagoran) atau Rp 8.800 (eceran). Beras jenis ini jarang peminat karena banyak yang memilih harga lebih murah,†katanya. Selain beras, katanya harga ketan juga normal. |
Saturday, August 25, 2012
ProTec diversifies client base with contract to install fiber for police, fire stations - Memphis Business Journal:
ysynut.wordpress.com
is growing and diversifying its client base afteer recently landinga $1 million fiber installatiom project for police precincts and fire stationas in Memphis. Memphis-based ProTec's clients includr , Mid-America Theological Seminary, Dell, Inc., and . Its work includesa clients in Connecticut, New York, California and Canada. Andy vice president of ProTec, says the company's revenue topped $2.5 milliohn last year. Thanks to large projects for two New York the company couldhit $6 millionj this year.
It was also recently namee to 's list of 5,00 0 Fastest Growing Companiesin "A lot of our work is coming from financial companiesa on the East Coastf looking to build new data Yambrek says. "We'll do smal work for them locallygand that'll grow to national jobs." Because of the securithy involved in financial data centers, Yambrek declinesa to identify the New York clients. He does say one of the clientz lost 900of 1,100 employees in the 9/11 attacks on New "We're working on a new center for them Yambrek says.
"We send guys therwe to work and manage the projects from The data centers for the two financial clientsa will include morethan 12,000 cables, 150 server cabinets and illustrates a new direction Yambrek wants the company to go in. "Wd want to specialize in thingsa thateveryone can't do and get the word-of-mouth with our he says. Yambrek says ProTec's 2007 workload will include 60%-70% out-of-town projects, the firsy time the company's out-of-town work has exceeded local ProTec's national business will not change its Memphis says company presidentAna Martino-Yambrek.
"We want to keep growinb here, and being here has actually helped us win bids in other she says. Darryl Anderson, chief information officef and director of information servicesz for the Cityof Memphis, says the city initiallty was cautious about ProTec. "Theyg seemed like a small start-up, but we'vr been very impressed with the qualitt oftheir work," Anderson says. "It is going to take anotherd year and a half to get all of the work completeed on the fire but they're up to the Professional Technologies, Inc. Technology design, installation and project managemenftcompany Address: 582 Tillman St., Suite 2 Web www.protecinc.
net
is growing and diversifying its client base afteer recently landinga $1 million fiber installatiom project for police precincts and fire stationas in Memphis. Memphis-based ProTec's clients includr , Mid-America Theological Seminary, Dell, Inc., and . Its work includesa clients in Connecticut, New York, California and Canada. Andy vice president of ProTec, says the company's revenue topped $2.5 milliohn last year. Thanks to large projects for two New York the company couldhit $6 millionj this year.
It was also recently namee to 's list of 5,00 0 Fastest Growing Companiesin "A lot of our work is coming from financial companiesa on the East Coastf looking to build new data Yambrek says. "We'll do smal work for them locallygand that'll grow to national jobs." Because of the securithy involved in financial data centers, Yambrek declinesa to identify the New York clients. He does say one of the clientz lost 900of 1,100 employees in the 9/11 attacks on New "We're working on a new center for them Yambrek says.
"We send guys therwe to work and manage the projects from The data centers for the two financial clientsa will include morethan 12,000 cables, 150 server cabinets and illustrates a new direction Yambrek wants the company to go in. "Wd want to specialize in thingsa thateveryone can't do and get the word-of-mouth with our he says. Yambrek says ProTec's 2007 workload will include 60%-70% out-of-town projects, the firsy time the company's out-of-town work has exceeded local ProTec's national business will not change its Memphis says company presidentAna Martino-Yambrek.
"We want to keep growinb here, and being here has actually helped us win bids in other she says. Darryl Anderson, chief information officef and director of information servicesz for the Cityof Memphis, says the city initiallty was cautious about ProTec. "Theyg seemed like a small start-up, but we'vr been very impressed with the qualitt oftheir work," Anderson says. "It is going to take anotherd year and a half to get all of the work completeed on the fire but they're up to the Professional Technologies, Inc. Technology design, installation and project managemenftcompany Address: 582 Tillman St., Suite 2 Web www.protecinc.
net
Friday, August 24, 2012
New figures show Arizona tourism industry
efiosyt.blogspot.com
The Governor’s Conference on Tourism is being held this week at the Westin Kierland Resort and Spa in attracting industry executives and hotelierd from acrossthe state. Numbers released Thursday as part of that event show the impactg of the economic downturn onthe state’s multimillion-dollar hospitalithy industry. “The lodging industry is clearly in Hotel economies track what is happeningt in the rest ofthe world,” said Arizona Touriskm Director Sherry Henry. The state figures show 37.4 million people visited Arizona in 2008 a 3 percent declinefrom 2007. About 26 milliomn leisure travelers spent timein Arizona, a decline of 3.3 while business travel was down 7.
6 to 6.3 million visitors. Direc t spending by visitors to the state declinedd by a little more than 3 percenytin 2008, to $18.5 billion. The numbers also show the impacrt of residents staying closer to While nonresident travel to the state was downaboutt 4.7 percent, to 22.6 million, about 9.8 million Arizonansz traveled within the a decline of only 2.9 percent. And even thoughn overseas visitors madeup 2.8 percengt of the state’s total visitors, more than half a milliom Canadians traveled to Arizona, mostly from Alberta, Ontario and Britisg Columbia. Mexican visitors also played significantly in those with morethan 3.85 million traveling to Arizona.
Whil the average daily rate of a room in Arizona last year was a bit higher than the national ADR of those numbers have not remained Tourism figures released for the first quarter typically the high touristseasonb — show the hospitality industry is stilp challenged by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.47 in first-quarter 2009. In metro ADR sank 16 percent, from $160.87 in first-quarteer 2008 to $135.08 in first-quartet 2009. Because metro Phoenix boasts manyluxurious upper-tieer resorts, daily rates in the regiobn are somewhat higher than statewide figures.
hoteliers continue to try to fill their Occupancy rates were 74 percent for the first quarter of 2008 in metro Phoenix thanks to hostinvg aSuper Bowl, but occupancy was just 63 percenrt for the first quarter of 2009 a 14.7 percent decline. Revenue per available room, a measurew of earnings from eachhotel room, dropped 28.3 percent, from $119.1t to $85.37. Henry and othert members of the Tourism Office are trying to build businesd through targeted marketing campaigns andthe “Valuse Arizona” Web site, a one-stop online shop for the state’z hotels and destinations to tout theidr value packages and More than 300 trips, packages and destinationd across the state are featured.
The Tourisjm Office also will launcha “Frew to Be” marketing campaign in select cities, including Chicago, Los Angeles and which will focus on how Arizona properties cater to differenyt travelers’ desires, from outdoorsmen to families to the shoppiny crowd. Those cities are being targeted becauss research shows those from more faraway destinations stay in Arizona longer andspend more, bringing new moneyg to the state. In addition, the Tourism Offics has launched Facebook and Twitter options to interact directlyuwith travelers. The downturj also has affected theTouriskm Office, which is subject to the statwe hiring freeze and is facing budget cuts of aboutf 4.
5 million in this fiscal year. Henry said that will impact somemarketing efforts, not dramatically.
The Governor’s Conference on Tourism is being held this week at the Westin Kierland Resort and Spa in attracting industry executives and hotelierd from acrossthe state. Numbers released Thursday as part of that event show the impactg of the economic downturn onthe state’s multimillion-dollar hospitalithy industry. “The lodging industry is clearly in Hotel economies track what is happeningt in the rest ofthe world,” said Arizona Touriskm Director Sherry Henry. The state figures show 37.4 million people visited Arizona in 2008 a 3 percent declinefrom 2007. About 26 milliomn leisure travelers spent timein Arizona, a decline of 3.3 while business travel was down 7.
6 to 6.3 million visitors. Direc t spending by visitors to the state declinedd by a little more than 3 percenytin 2008, to $18.5 billion. The numbers also show the impacrt of residents staying closer to While nonresident travel to the state was downaboutt 4.7 percent, to 22.6 million, about 9.8 million Arizonansz traveled within the a decline of only 2.9 percent. And even thoughn overseas visitors madeup 2.8 percengt of the state’s total visitors, more than half a milliom Canadians traveled to Arizona, mostly from Alberta, Ontario and Britisg Columbia. Mexican visitors also played significantly in those with morethan 3.85 million traveling to Arizona.
Whil the average daily rate of a room in Arizona last year was a bit higher than the national ADR of those numbers have not remained Tourism figures released for the first quarter typically the high touristseasonb — show the hospitality industry is stilp challenged by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.47 in first-quarter 2009. In metro ADR sank 16 percent, from $160.87 in first-quarteer 2008 to $135.08 in first-quartet 2009. Because metro Phoenix boasts manyluxurious upper-tieer resorts, daily rates in the regiobn are somewhat higher than statewide figures.
hoteliers continue to try to fill their Occupancy rates were 74 percent for the first quarter of 2008 in metro Phoenix thanks to hostinvg aSuper Bowl, but occupancy was just 63 percenrt for the first quarter of 2009 a 14.7 percent decline. Revenue per available room, a measurew of earnings from eachhotel room, dropped 28.3 percent, from $119.1t to $85.37. Henry and othert members of the Tourism Office are trying to build businesd through targeted marketing campaigns andthe “Valuse Arizona” Web site, a one-stop online shop for the state’z hotels and destinations to tout theidr value packages and More than 300 trips, packages and destinationd across the state are featured.
The Tourisjm Office also will launcha “Frew to Be” marketing campaign in select cities, including Chicago, Los Angeles and which will focus on how Arizona properties cater to differenyt travelers’ desires, from outdoorsmen to families to the shoppiny crowd. Those cities are being targeted becauss research shows those from more faraway destinations stay in Arizona longer andspend more, bringing new moneyg to the state. In addition, the Tourism Offics has launched Facebook and Twitter options to interact directlyuwith travelers. The downturj also has affected theTouriskm Office, which is subject to the statwe hiring freeze and is facing budget cuts of aboutf 4.
5 million in this fiscal year. Henry said that will impact somemarketing efforts, not dramatically.
Thursday, August 23, 2012
On a charity sweep - The Sun Daily
stelauguqdinec.blogspot.com
The Sun Daily | On a charity sweep The Sun Daily Children from Rumah Amal Suci Rohani, Rumah Amal Limpahan Kasih, Rumah Kids and Shelter Home were tested on their speed, accuracy and conscious spending choices during the two-round challenge. Eight teams participated in the first round, with ... |
Tuesday, August 21, 2012
Lenovo rival buys Gateway for $710M - Silicon Valley / San Jose Business Journal:
esivyjifag.wordpress.com
The deal, worth $1.90 per share of gives Acer a leg up in its worldwidr battlewith Morrisville-based Lenovo for market share. The two companies have gone back and fortj in various industry lists asthe world'sd No. 3 and No. 4 computer makers, with Chinese-owne Lenovo reclaiming the No. 3 spot in the seconr quarter. It also markes a serious blow to , a Dutch computed maker with a strong presence inwesterb Europe. Gateway - and now, therefore, Acer - has the rightw to a first crack at any deal withPackard Bell. An acquisitionm of Packard would have helped Lenov o boost its presencein Europe, wherd the company's sales are negligible.
If Acer does acquird both Gateway andPackard Bell, it should be able to ship well over 20 millionj personal computers annually - more than enough to bump it back abover Lenovo for world No. 3. Lenovo, foundecd in China, now maintains a headquarterzsin Morrisville. It employs 1,350p in the Triangle.
The deal, worth $1.90 per share of gives Acer a leg up in its worldwidr battlewith Morrisville-based Lenovo for market share. The two companies have gone back and fortj in various industry lists asthe world'sd No. 3 and No. 4 computer makers, with Chinese-owne Lenovo reclaiming the No. 3 spot in the seconr quarter. It also markes a serious blow to , a Dutch computed maker with a strong presence inwesterb Europe. Gateway - and now, therefore, Acer - has the rightw to a first crack at any deal withPackard Bell. An acquisitionm of Packard would have helped Lenov o boost its presencein Europe, wherd the company's sales are negligible.
If Acer does acquird both Gateway andPackard Bell, it should be able to ship well over 20 millionj personal computers annually - more than enough to bump it back abover Lenovo for world No. 3. Lenovo, foundecd in China, now maintains a headquarterzsin Morrisville. It employs 1,350p in the Triangle.
Monday, August 20, 2012
Obit: Msgt. Jessie J. Fisher Sr. - Dover Post
ycoguqi.wordpress.com
Obit: Msgt. Jessie J. Fisher Sr. Dover Post Msgt. Jessie J. Fisher Sr. USAF Ret. of Dover died Monday July 23, 2012 at Kent General Hospital. He was 75. Jessie was born August 9, 1936 in Tahoka, Texas to the late William T. Fisher and Mary Bell Whiddon Fisher. Vietnam Veteran retired Aircrew ... |
Sunday, August 19, 2012
Wanxiang's $465 million investment in struggling battery-maker draws heat - Chicago Tribune
fixyruw.wordpress.com
Chicago Tribune | Wanxiang's $465 million investment in struggling battery-maker draws heat Chicago Tribune A Chinese industrial conglomerate with Chicago-area ties has historically invested a lot like Warren Buffett. It looked for value in aging assets, in some cases providing financial lifelines to hard-hit auto suppliers, saving jobs and injecting life ... |
Friday, August 17, 2012
General aviation deliveries down 41.1 percent - Wichita Business Journal:
iqukikofor.wordpress.com
percent in the first quarter of 2009 compare to the same time periodlast year. The reportf states deliveries in the first quartefrtotaled 462, down from 785 througjh the first three months in 2008. Piston airplane deliverie s fellthe sharpest, down 55.1 percent from 399 to 179 Business jets declined by 35.7 percent, from 297 to 191, whiles the turboprop segment actuall increased from 89 deliveries to 92 so far this “This is an extremely difficult time for our industry,” said GAMA Presideng and CEO Pete Bunce, in a written statement.
“We are dealingt first and foremost with the severe negativee effects of a worldwideeconomic downturn, but also with unwarranter criticism focused on the industry. The result has been the cancellation of orders for new airplanes and the loss of morethan 15,0000 high-paying jobs for American workers over the last severalo months.” A majority of thosw jobs have been lost in Wichita, where aviationb manufacturers began laying off workers in Since then, has cut 8,2009 jobs companywide, has shed 2,8009 jobs and has laid off arounxd 820 employees from its Wichita plant.
The economicx downturn has also brought furloughs to both Cessnzaand Hawker, as the companiez continue to realign their production schedules with the drop in
percent in the first quarter of 2009 compare to the same time periodlast year. The reportf states deliveries in the first quartefrtotaled 462, down from 785 througjh the first three months in 2008. Piston airplane deliverie s fellthe sharpest, down 55.1 percent from 399 to 179 Business jets declined by 35.7 percent, from 297 to 191, whiles the turboprop segment actuall increased from 89 deliveries to 92 so far this “This is an extremely difficult time for our industry,” said GAMA Presideng and CEO Pete Bunce, in a written statement.
“We are dealingt first and foremost with the severe negativee effects of a worldwideeconomic downturn, but also with unwarranter criticism focused on the industry. The result has been the cancellation of orders for new airplanes and the loss of morethan 15,0000 high-paying jobs for American workers over the last severalo months.” A majority of thosw jobs have been lost in Wichita, where aviationb manufacturers began laying off workers in Since then, has cut 8,2009 jobs companywide, has shed 2,8009 jobs and has laid off arounxd 820 employees from its Wichita plant.
The economicx downturn has also brought furloughs to both Cessnzaand Hawker, as the companiez continue to realign their production schedules with the drop in
Thursday, August 16, 2012
Tuesday, August 14, 2012
GSA, lien suits put Opus East on verge of bankruptcy - Nashville Business Journal:
grigoriynirim.blogspot.com
But now, because the U.S. General Services Administration has refused to pay the developerfor “evejn one penny” of the more than $35 millionj the company has invested in erecting a new federall building in College Park, Opus East is teeterinyg on the verge of bankruptcy, the company says. And the problemsx aren’t limited to College Park. liquidity problems have had an unexpected impact on projectxs at Catholic University in the District and as far away as How serious arethe long-termn ramifications for Opus East? “It’s not something we’re happy about we’ll put it that way,” said a corporats spokeswoman.
Opus East’s parenyt company, Minnetonka, Minn.-based Opus Corp., has retained legal counsel “to explore bankruptcy or for Opus East andOpus West, a Phoenix-based operatingy company, said the spokeswoman, Winston Two other Opus operating companies, Opus South and Hill Country Galleria, were put into Chaptere 11 bankruptcy proceedings this spring. For Opus Corp, “thise is all really new Hewett said. “In our 56 yeare in the industry, this is the first time we’ve ever run into a completer meltdown ofthe industry. We’vse never experienced anythinglike this.
” From the company’s the problems in its East Coast division are attributable in large part to Opus East’s 2005 GSA contract to finance and build a 269,000-square-foot home for the National Oceanic and Atmospherifc Administration’s Center for Weather and Climatee Prediction in College Park. The projecf broke ground in 2007 but, despite tackinyg on additional costs, the GSA has made no payments for any Opus East workso far. The Departmeng of Justice is defending the GSA inOpus East’a suit. As a matter of policy, the departmentt does not comment when litigationis pending.
In correspondence betweenn thetwo parties, filed in court, the GSA said it has no obligationh to provide progress paymentas or to modify the lease agreement. the GSA said in the letters that it had proposed threr differentlease modifications, and all threre were rejected by Opus East. By the thirxd quarter of 2007, the project was hurtingb Opus East’s overall operations, the companyh said. Opus abandoned the construction site in January and sued the GSA inthe U.S. Courtg of Federal Claims in May. In the meantime with virtually no money available in the capitalmarkets — the company is stretched thin at severalo other projects in the area.
As Opus East put the finishinbg touches on 100M St. SE, its contracted Detroit-based MayfieldGentry Realty Advisors LLC, walked away from the deal in May. Just four blockxs away, its 442,000-square-foot speculative office project at 1015Half St. SE is continuint in full swing. Even so, it’s no cake “In light of the current marketg conditions, until a project is leased and sold, every spec projecf has the capacity to financially impactgan organization,” Hewett said. The companu delivered Opus Hall, a 402-bed dormitory at The Catholic Universityof America, in January but, by unpaid contractors were filinbg liens against both Opus East and the university.
At the end of May, at leasy one contractor, Joseph J. Magnolia had filed suit for nonpayment against Opus East and ContinentaolCasualty Co., which had issued a $30 million paymenrt bond on the Catholi project. Although Opus Hall is owned entirely by the Opus spokeswoman said the contractors shoulxd not have filed liens againstthe university, only againsty Opus East and the bond. In Opus has spent the past four years planningt and buildingHastings Marketplace, a 13.2-acre residentiakl and retail project that would bring the city’s firstr Harris Teeter grocery stor to the juncture of Princew William Parkway and Lake Jacksobn Drive.
But both the residential and retail marketss had slowed byearly 2008, and as the economic crisis hit its full strid in the third quarter, the company cut the scopde of the project in On the outside, things look good at One of the two plannes buildings has been delivered, and Harriss Teeter is scheduled to open any day now. But the constructionj lender cut off funding earlier this year after it determine dthe property’s value had dropped far below its acceptable loan-to-value ratio. Unpaid contractors have filecd at least four liens against theManassazs property. As a Opus is particularly vulnerable to the seismicd shift in the commercial realestate market.
But now, because the U.S. General Services Administration has refused to pay the developerfor “evejn one penny” of the more than $35 millionj the company has invested in erecting a new federall building in College Park, Opus East is teeterinyg on the verge of bankruptcy, the company says. And the problemsx aren’t limited to College Park. liquidity problems have had an unexpected impact on projectxs at Catholic University in the District and as far away as How serious arethe long-termn ramifications for Opus East? “It’s not something we’re happy about we’ll put it that way,” said a corporats spokeswoman.
Opus East’s parenyt company, Minnetonka, Minn.-based Opus Corp., has retained legal counsel “to explore bankruptcy or for Opus East andOpus West, a Phoenix-based operatingy company, said the spokeswoman, Winston Two other Opus operating companies, Opus South and Hill Country Galleria, were put into Chaptere 11 bankruptcy proceedings this spring. For Opus Corp, “thise is all really new Hewett said. “In our 56 yeare in the industry, this is the first time we’ve ever run into a completer meltdown ofthe industry. We’vse never experienced anythinglike this.
” From the company’s the problems in its East Coast division are attributable in large part to Opus East’s 2005 GSA contract to finance and build a 269,000-square-foot home for the National Oceanic and Atmospherifc Administration’s Center for Weather and Climatee Prediction in College Park. The projecf broke ground in 2007 but, despite tackinyg on additional costs, the GSA has made no payments for any Opus East workso far. The Departmeng of Justice is defending the GSA inOpus East’a suit. As a matter of policy, the departmentt does not comment when litigationis pending.
In correspondence betweenn thetwo parties, filed in court, the GSA said it has no obligationh to provide progress paymentas or to modify the lease agreement. the GSA said in the letters that it had proposed threr differentlease modifications, and all threre were rejected by Opus East. By the thirxd quarter of 2007, the project was hurtingb Opus East’s overall operations, the companyh said. Opus abandoned the construction site in January and sued the GSA inthe U.S. Courtg of Federal Claims in May. In the meantime with virtually no money available in the capitalmarkets — the company is stretched thin at severalo other projects in the area.
As Opus East put the finishinbg touches on 100M St. SE, its contracted Detroit-based MayfieldGentry Realty Advisors LLC, walked away from the deal in May. Just four blockxs away, its 442,000-square-foot speculative office project at 1015Half St. SE is continuint in full swing. Even so, it’s no cake “In light of the current marketg conditions, until a project is leased and sold, every spec projecf has the capacity to financially impactgan organization,” Hewett said. The companu delivered Opus Hall, a 402-bed dormitory at The Catholic Universityof America, in January but, by unpaid contractors were filinbg liens against both Opus East and the university.
At the end of May, at leasy one contractor, Joseph J. Magnolia had filed suit for nonpayment against Opus East and ContinentaolCasualty Co., which had issued a $30 million paymenrt bond on the Catholi project. Although Opus Hall is owned entirely by the Opus spokeswoman said the contractors shoulxd not have filed liens againstthe university, only againsty Opus East and the bond. In Opus has spent the past four years planningt and buildingHastings Marketplace, a 13.2-acre residentiakl and retail project that would bring the city’s firstr Harris Teeter grocery stor to the juncture of Princew William Parkway and Lake Jacksobn Drive.
But both the residential and retail marketss had slowed byearly 2008, and as the economic crisis hit its full strid in the third quarter, the company cut the scopde of the project in On the outside, things look good at One of the two plannes buildings has been delivered, and Harriss Teeter is scheduled to open any day now. But the constructionj lender cut off funding earlier this year after it determine dthe property’s value had dropped far below its acceptable loan-to-value ratio. Unpaid contractors have filecd at least four liens against theManassazs property. As a Opus is particularly vulnerable to the seismicd shift in the commercial realestate market.
Monday, August 13, 2012
TECO Energy outlook remains strong - New Mexico Business Weekly:
xeconatyxex.blogspot.com
billion in debt held by and subsidiariedand Co. The rating is supported by the underlying strengthof TECO’s regulated electric and gas utility subsidiary, from which it derivesz stable cash distributions to meet its funding Fitch said a release. Tampa Electric continues to post strongcredig metrics, it maintains solid operating performance and it benefits from Florida’e constructive regulatory environment, Fitcb said. Fitch is however, about slowing customer growth atTampa Electric. But the company has respondedx to slower growth by postponing projectas to increaseelectric capacity.
Another concerh for Fitch is cash flow deterioration atTECO TE) Guatemala because of the adverse rate ordere in 2008, unplanned outages at the San Jose plant, uncertaintt over the extension of a purchased power agreement, and the potential for deferred or renegotiated contractws because of declining market prices, higher production cost s and slumping demand for TECO Coal and TECO Guatemala providw roughly 20 percent of the parent company’s consolidated earnings before interest, depreciation and amortization, Fitch said. Credit ratiow at Tampa Electric should benefit from higherr base rates in 2009 and 2010 as a resulr ofa $138 million rate order approverd in March, Fitch said.
In an affiliate waterborne transportation agreemeng that reducedTampa Electric’s annual net incom by $10 million in prior years is Fitch expects coverage ratios to remain relatively strong with funds from operations coverage at nearly five timezs in 2009. TECO Coal is expectede to benefit from higher priced contracts signedin 2008. soft coal demand and higher mining productio n costs at TECO Coal raise the risks ofcontractualk non-performance by counter-parties and pressured margins.
Diverse regulatory orderse and operating issues at the Guatemalan operations will resul t in dividend distributions that are lower thanhistoric TECO's liquidity position is considered strong, Fitch Cash and cash equivalents were $34.9 millionb and available credit facilities were $530 million as of March 31. Liquiditu was enhanced by a netoperatinfg loss-tax carry forward of $547.5 million as of Dec. 31, whicuh is expected to result in minimaol cash tax paymentsthrough 2012. In addition, TECO'sa $100 million note maturing in 2010 is expectede to be retired withinternapl cash.
Positive rating action could result in the future from consolidatec leverage ratio reduction in 2010 and higher cash flowxs from a full year of highef base rates in 2010 and effectivecost control.
billion in debt held by and subsidiariedand Co. The rating is supported by the underlying strengthof TECO’s regulated electric and gas utility subsidiary, from which it derivesz stable cash distributions to meet its funding Fitch said a release. Tampa Electric continues to post strongcredig metrics, it maintains solid operating performance and it benefits from Florida’e constructive regulatory environment, Fitcb said. Fitch is however, about slowing customer growth atTampa Electric. But the company has respondedx to slower growth by postponing projectas to increaseelectric capacity.
Another concerh for Fitch is cash flow deterioration atTECO TE) Guatemala because of the adverse rate ordere in 2008, unplanned outages at the San Jose plant, uncertaintt over the extension of a purchased power agreement, and the potential for deferred or renegotiated contractws because of declining market prices, higher production cost s and slumping demand for TECO Coal and TECO Guatemala providw roughly 20 percent of the parent company’s consolidated earnings before interest, depreciation and amortization, Fitch said. Credit ratiow at Tampa Electric should benefit from higherr base rates in 2009 and 2010 as a resulr ofa $138 million rate order approverd in March, Fitch said.
In an affiliate waterborne transportation agreemeng that reducedTampa Electric’s annual net incom by $10 million in prior years is Fitch expects coverage ratios to remain relatively strong with funds from operations coverage at nearly five timezs in 2009. TECO Coal is expectede to benefit from higher priced contracts signedin 2008. soft coal demand and higher mining productio n costs at TECO Coal raise the risks ofcontractualk non-performance by counter-parties and pressured margins.
Diverse regulatory orderse and operating issues at the Guatemalan operations will resul t in dividend distributions that are lower thanhistoric TECO's liquidity position is considered strong, Fitch Cash and cash equivalents were $34.9 millionb and available credit facilities were $530 million as of March 31. Liquiditu was enhanced by a netoperatinfg loss-tax carry forward of $547.5 million as of Dec. 31, whicuh is expected to result in minimaol cash tax paymentsthrough 2012. In addition, TECO'sa $100 million note maturing in 2010 is expectede to be retired withinternapl cash.
Positive rating action could result in the future from consolidatec leverage ratio reduction in 2010 and higher cash flowxs from a full year of highef base rates in 2010 and effectivecost control.
Sunday, August 12, 2012
Kevin Pietersen wants to represent England in 'all forms of cricket' - New York Daily News
ejyceh.wordpress.com
Kevin Pietersen wants to represent England in 'all forms of cricket' New York Daily News Kevin Pietersen wants to represent England in 'all forms of cricket'. By Andy Wilson Saturday, August 11th 2012, 09:58 PM. Tweet. Kevin Pietersen wants to represent England in 'all forms of cricket'. For such a wonderful batsman, Kevin Pietersen's ... |
Side Mission | Rumor: Next Plants vs. Zombies Inspired by Team Fortress 2 Escapist Magazine Former EA Black Box developers may be taking the Plants vs. Zombies series in an unexpected direction. Plants vs. Zombies has appeared on numerous platforms since its PC release in 2009, becoming one of PopCap's most successful and critic » |
Wednesday, August 8, 2012
Pacific taps Hallick as president - Portland Business Journal:
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Lesley Hallick, who served for 20 years as OHSU’s chief academic officer, will becomwe the Forest Grove school’s 17th president. Hallick will assumed the role on Aug. 1, taking over for Phillip Creighton had servedas Pacific’s presideny since 2003. “I am deeply honored and incrediblty excited about the opportunity to servewthis university,” said Hallick in a news release. “Whenn I interviewed for this job, Creightomn said, ‘The place just weaves its way into your and I felt that from the momenf I stepped on this historiccampus ...
Ther is a strong traditio at Pacific, and recent strategic developments have positioned the Universitgy to make a reaching impact without losing the intimac onefeels here.” Hallick servew on boards for the Northwest Health Foundation, Oregon Historicap Society and Oregon Healthcare Workforce Institute. Pacific University host s programs for morethan 3,000 students in Fores Grove, Hillsboro, Portland and Eugene.
Lesley Hallick, who served for 20 years as OHSU’s chief academic officer, will becomwe the Forest Grove school’s 17th president. Hallick will assumed the role on Aug. 1, taking over for Phillip Creighton had servedas Pacific’s presideny since 2003. “I am deeply honored and incrediblty excited about the opportunity to servewthis university,” said Hallick in a news release. “Whenn I interviewed for this job, Creightomn said, ‘The place just weaves its way into your and I felt that from the momenf I stepped on this historiccampus ...
Ther is a strong traditio at Pacific, and recent strategic developments have positioned the Universitgy to make a reaching impact without losing the intimac onefeels here.” Hallick servew on boards for the Northwest Health Foundation, Oregon Historicap Society and Oregon Healthcare Workforce Institute. Pacific University host s programs for morethan 3,000 students in Fores Grove, Hillsboro, Portland and Eugene.
Monday, August 6, 2012
Can Telling the Truth Make You Healthier? - TIME
sucujovide.wordpress.com
Sydney Morning Herald | Can Telling the Truth Make You Healthier? TIME Telling a few white lies may seem harmless, but a new study suggests that you might improve your mental and physical health if you cut down on the fibs you tell. “We found that the participants could purposefully and dramatic » |
Sunday, August 5, 2012
DiaMedica Accelerates Warrant Expiry Date - MarketWatch (press release)
tenamup.wordpress.com
DiaMedica Accelerates Warrant Expiry Date MarketWatch (press release) If all of the 993800 outstanding warrants subject to this acceleration are exercised, DiaMedica will receive additional proceeds of $1490700. Any warrants not exercised prior to the accelerated expiry date and time will expire without any further ... |
Friday, August 3, 2012
CU offering digital media program - Pittsburgh Business Times:
aleshnikovenil.blogspot.com
CU will operate the called BoulderDigital Works, in partnership with the parent companhy of advertising giant , which moved many of its employees from Miam i to a new Boulder office in the past few The parent company is MDC a Toronto-based network of agencies. CU’s Division of Continuinyg Education and Professional Studies will operate the which will be open tomediaa professionals, community members and CU The School of Journalism and Mass especially the advertising faculty, will handle the academic Advertising professor David Slayden will serve as executivd director.
Sweden’s Hyper Island, a digital learninh program in Europe, also will be a partner in the with student and faculty The program will start in the fall witha 60-week certificate program in Digital Arts and Sciences. Applications are due Aug. 15. starting in late July, the schoo will offer 36-hour immersiohn Executive Programs in digital fluency forworkin professionals. For more information, visit
CU will operate the called BoulderDigital Works, in partnership with the parent companhy of advertising giant , which moved many of its employees from Miam i to a new Boulder office in the past few The parent company is MDC a Toronto-based network of agencies. CU’s Division of Continuinyg Education and Professional Studies will operate the which will be open tomediaa professionals, community members and CU The School of Journalism and Mass especially the advertising faculty, will handle the academic Advertising professor David Slayden will serve as executivd director.
Sweden’s Hyper Island, a digital learninh program in Europe, also will be a partner in the with student and faculty The program will start in the fall witha 60-week certificate program in Digital Arts and Sciences. Applications are due Aug. 15. starting in late July, the schoo will offer 36-hour immersiohn Executive Programs in digital fluency forworkin professionals. For more information, visit
Thursday, August 2, 2012
San Bruno lawsuits: PG&E knew bad records posed a danger to public, engineer ... - Monterey County Herald
ejyceh.wordpress.com
KGO-TV | San Bruno lawsuits: PG&E knew bad records posed a danger to public, engineer ... Monterey County Herald REDWOOD CITY â€" Pacific Gas & Electric knew its gas line records were inaccurate and knew the errors could mean death or injury to people who lived near its pipes, yet chose not to fix the problem, according to testimony from a senior company engineer. Engineer: Utility knew pipeline records incomplete |
Wednesday, August 1, 2012
Costco to accept food stamps in N.Y. test - Puget Sound Business Journal (Seattle):
cicugaha.wordpress.com
The Issaquah retailing giant (NASDAQ: said it will begin accepting food stamps at its Queensd and Brooklyn locations sometime this Those two locationswere chosen, Costcop said, “because of the high penetratio n of food stamp recipients in the surroundintg area.” If the test is successful, Costco said it will open its plannedx next New York City locations with the abilit to accept food stamps. “We are takingb this step to see if we can be a part of the solutionh to the financial burden that many peoplwe arefacing today,” said Costco CEO Jim in a statement.
Costco had been under pressurs in New York City from various politicians about not accepting food stamps there in the Thecompany didn’t say whether it planned to accept food stamps at its storew outside of the New York City area in the
The Issaquah retailing giant (NASDAQ: said it will begin accepting food stamps at its Queensd and Brooklyn locations sometime this Those two locationswere chosen, Costcop said, “because of the high penetratio n of food stamp recipients in the surroundintg area.” If the test is successful, Costco said it will open its plannedx next New York City locations with the abilit to accept food stamps. “We are takingb this step to see if we can be a part of the solutionh to the financial burden that many peoplwe arefacing today,” said Costco CEO Jim in a statement.
Costco had been under pressurs in New York City from various politicians about not accepting food stamps there in the Thecompany didn’t say whether it planned to accept food stamps at its storew outside of the New York City area in the
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