jiqatili.wordpress.com
Formed in 2002, Earth to Air Systems developds heating and cooling systems based on a technology knownb as directexchange geothermal, called DX in the The company’s applications have been shown to reduce heatingt and cooling costs by 50 percent to 80 percent, CEO Randy Wiggs says. Earth to Air’xs system bypasses the more conventionao geothermal heating andcooling model. Instead of usingt water as a source, the technology skipse a step and controls heating and temperaturees directly from the earth withcoppef tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Eartn to Air’s revenue comes from licensintg fees collected from heating and cooling companies who decide to markef and installthe systems. Earth to Air got its first internationapl distributor two years ago when Australian entrepreneudr John Gagliardi embracedthe technology. He says he’ws secured more than $30 million in including contracts withschool systems, mining camps, housing projects and major corporations, such as BP. “We are movinh into significant profitability,” Galiardi says, adding that he’es planning on expanding into the Southeast Asiajmarket soon. Galiardi predicts that Earth to Air willbecomr “a billion dollar business or more.
” Salex in the first quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demandx (for products) to reduce our dependence on foreignj oil,” Gagliardi says. “Twenty years ago this wouldn’tf have worked. It wouldn’t have even worked 10 yearsw ago. But now the potential is There are multiple installations of Earthto Air’sz geothermal system in the Unites States, but the company is just now setting up a formall distributor network, says Clayton Washburn, chief operations officert at Earth to Air. “Our biggest strugglde is having to say no at Washburn says.
“We’re preparing for a much biggee onslaught.”
Tuesday, July 31, 2012
Monday, July 30, 2012
Former Miss Teen recognises youth - Caymanian Compass
caloloary.blogspot.com
Former Miss Teen recognises youth Caymanian Compass A former Miss Teen Cayman Islands is recognising outstanding youths who have the territory at heart. Yentel McGaw, a former student of John Gray High School and Miss Teen Cayman Islands 2007-2008, was awarded the Miss Teen Worldwide Caribbean in ... |
Saturday, July 28, 2012
Olympics Viewer's Guide: Sunday, July 29 - CBSSports.com (blog)
cahijisebi.wordpress.com
Yahoo! Sports | Olympics Viewer's Guide: Sunday, July 29 CBSSports.com (blog) Trying to watch the Olympics? Even with NBC now streaming every event live online, the wild array of events -- and difficulty in finding live events, for anyone like us not interested in avoiding spoilers » |
Friday, July 27, 2012
InnSuites Hospitality Trust (IHT) Reports First Quarter Earnings
sasutezew.blogspot.com
million to $1.4 million -- Net incomr attributable to Shares of Beneficialp Interest decreasedto $532,000, or $0.06 per basic for the three months ended April 30, 2009 from $1.5 million, or $0.1 6 per basic share, for the three months ended April 30, 2008, primarily due to a declin in revenue due to lower occupancyt and an increase of $479,000 in depreciation -- Revenues for the first quarter of fiscalo 2010 of $5.5 million were down $1.3 or 19.0%, compared to $6.8 millio in the prior year period, reflecting the curren t economic environment. -- The Trust continues to proactively review and reduc operating expenses to offsetdeclining revenue.
InnSuites Hospitalityy Trust reported operating incomeof $942,000 for the firsy quarter ended April 30, 2009, a decline of $1.3 millio from the prior year periocd operating income of $2.2 million. The Trust also reported net income attributable to Shares of Beneficial Interest of or $0.06 per basic and $0.04 per dilutedc share, for the first quarter endedf April 30, 2009, down from $1.5 million, or $0.176 per basic share and $0.14 per diluted share, in the priod year period.
These declines are primaril y due to decreased revenues due to reducef occupancy and room rates anda $479,0090 increase in depreciation expense due to the suspensiojn of depreciation in the first quarted of fiscal year 2009 while the Trust's Hotelsx were classified as "held for sale." The Trust reporter earnings before minority interest, interest, taxes, depreciation and amortization (Adjusted EBITDA) of $1.4e4 million for the thre months ended April 30, as compared to $2.23 million in the prior year a decline of $790,000, or 35.5%.
Adjuster EBITDA is a non-GAAP financiall measure that management believes provides meaningful insighgt intothe Trust's financial performance and its operating profitability before non- (suchn as interest and "other" non-core expenses) and non-cash chargeds (depreciation and amortization). April 30, 2009 Apriol 30, 2008 Net income attributabl e to Shareholders of BeneficialInterest $531,666 $1,506,460 Add back: Depreciation 494,90w3 16,037 Interest expense 382,082 385,070 Income tax expense - - Minoritg interest 34,478 319,944 Less: Interest incomde (6,337) (253) ADJUSTED EBITDA $1,436,792 $2,227,258 The Trust reported revenue of $5.
5 millionn for the first quarter ender April 30, 2009, a decrease of 19.0% from $6.8 million for the priort year period. The decrease in revenuesx is primarily due to a decrease in occupanchy and room rates reflecting the currenteconomix conditions. For the 2010 current fiscao year, InnSuites projects a continued reductioh in revenue and plans to offsef the decline in revenues by focusing on improvedd sales efficiency and effectivecost controls.
Although the travel and hospitalitt industries aredown worldwide, InnSuites is experiencinf strength relative to the rest of the industry by continuing to refurbisb its hotels, increase boutique fashion trends, as well as increaswe internet marketing as more and more travelers move to the value-oriented InnSuited Suite Hotels and value suite concept "By the day and extendesd stay." As part of InnSuites'' efforts to mitigate the decline in it announced an early roll out of its 2009 Summer Vacationh Special as part of its summedr advertising campaign.
The Summer Vacationb Special offers Studio suitesfor $59, Family suitexs for $79 and Presidential Jacuzzi suitee for $99 at select hotel s through September 17, 2009. Our long-terk strategic plan is to obtain full benefit of our real estate equity and to migrate our focud from a hotel owner to a hospitalith service company by expanding ourtrademarl license, management, reservation and advertising services. This plan is similatr to strategies followed by international diversified hotelindustrt leaders, which over the last several years have reduceds real estate holdings and concentratecd on hospitality services.
InnSuites Hospitality Trust isa mid-market studiok and two-room suite hospitality business trust owninbg five moderate service and full service hotels containing 843 hotel suites and managing and/odr licensing ten hotels located in Arizona, New Mexico, Texaxs and Southern California. For reservations, call or visit . For investor visit . Certain matters within this press release may be discussedusing forward-looking languages as specified in the 1995 Private Securities Litigation Reform Act and InnSuitezs Hospitality Trust intends that such forward-lookingb statements be subject to the safe-harbor createrd thereby.
Such forward-looking statements include, but are not limite d to: (i) the declaration or payment of (ii) the leasing, management or operation of the (iii) the adequacy of reserves for renovationnand refurbishment; (iv) the Trust'sz financing plans; (v) the Trust's position regardinyg investments, acquisitions, developments, financings, conflicts of interestg and other matters; (vi) the Trust's plans and expectations regardingv future sales of hotel properties; and trends affecting the Trust's or any hotel's financia condition or results of operations.
InnSuitez Hospitality Trust cautions that these statements may involvee known andunknown risks, uncertainties and other factords that may cause the actual results or performance to differ from those projected in the forward-lookin statements contained herein. Such risks but are not limited to: a) local or national economifc andbusiness conditions, including, withoutr limitation, conditions which may affect publicc securities markets generally, the hospitality industrh or the markets in whicyh the Trust operates or will operate, b) fluctuation s in hotel occupancy c) changes in room rental rateds which may be charged by InnSuites Hotelws in response to market rental rate changes or d) seasonality of our business; e) interesy rate fluctuations; f) changes in governmenta regulations, including federal income tax laws and regulations; g) h) any changes in the Trust's financiakl condition or operating results due to acquisitions or dispositionsd of hotel properties; i) insuff icient resourcez to pursue our current strategies; j) concentration of our investmentse in the InnSuites Hotels(R) brand; k) loss of franchise l) real estate and hospitality market m) hospitality industry factors, n) our ability to meet presenf and future debt service obligations; o) terrorist attackw or other acts of war; p) outbreakes of communicable diseases; q) natural disasters; and r) loss of key .
From time to time, these and other risks are discussed inthe Trust's Annual Repor on Form 10-K and other filingsz with the Securities and Exchange
million to $1.4 million -- Net incomr attributable to Shares of Beneficialp Interest decreasedto $532,000, or $0.06 per basic for the three months ended April 30, 2009 from $1.5 million, or $0.1 6 per basic share, for the three months ended April 30, 2008, primarily due to a declin in revenue due to lower occupancyt and an increase of $479,000 in depreciation -- Revenues for the first quarter of fiscalo 2010 of $5.5 million were down $1.3 or 19.0%, compared to $6.8 millio in the prior year period, reflecting the curren t economic environment. -- The Trust continues to proactively review and reduc operating expenses to offsetdeclining revenue.
InnSuites Hospitalityy Trust reported operating incomeof $942,000 for the firsy quarter ended April 30, 2009, a decline of $1.3 millio from the prior year periocd operating income of $2.2 million. The Trust also reported net income attributable to Shares of Beneficial Interest of or $0.06 per basic and $0.04 per dilutedc share, for the first quarter endedf April 30, 2009, down from $1.5 million, or $0.176 per basic share and $0.14 per diluted share, in the priod year period.
These declines are primaril y due to decreased revenues due to reducef occupancy and room rates anda $479,0090 increase in depreciation expense due to the suspensiojn of depreciation in the first quarted of fiscal year 2009 while the Trust's Hotelsx were classified as "held for sale." The Trust reporter earnings before minority interest, interest, taxes, depreciation and amortization (Adjusted EBITDA) of $1.4e4 million for the thre months ended April 30, as compared to $2.23 million in the prior year a decline of $790,000, or 35.5%.
Adjuster EBITDA is a non-GAAP financiall measure that management believes provides meaningful insighgt intothe Trust's financial performance and its operating profitability before non- (suchn as interest and "other" non-core expenses) and non-cash chargeds (depreciation and amortization). April 30, 2009 Apriol 30, 2008 Net income attributabl e to Shareholders of BeneficialInterest $531,666 $1,506,460 Add back: Depreciation 494,90w3 16,037 Interest expense 382,082 385,070 Income tax expense - - Minoritg interest 34,478 319,944 Less: Interest incomde (6,337) (253) ADJUSTED EBITDA $1,436,792 $2,227,258 The Trust reported revenue of $5.
5 millionn for the first quarter ender April 30, 2009, a decrease of 19.0% from $6.8 million for the priort year period. The decrease in revenuesx is primarily due to a decrease in occupanchy and room rates reflecting the currenteconomix conditions. For the 2010 current fiscao year, InnSuites projects a continued reductioh in revenue and plans to offsef the decline in revenues by focusing on improvedd sales efficiency and effectivecost controls.
Although the travel and hospitalitt industries aredown worldwide, InnSuites is experiencinf strength relative to the rest of the industry by continuing to refurbisb its hotels, increase boutique fashion trends, as well as increaswe internet marketing as more and more travelers move to the value-oriented InnSuited Suite Hotels and value suite concept "By the day and extendesd stay." As part of InnSuites'' efforts to mitigate the decline in it announced an early roll out of its 2009 Summer Vacationh Special as part of its summedr advertising campaign.
The Summer Vacationb Special offers Studio suitesfor $59, Family suitexs for $79 and Presidential Jacuzzi suitee for $99 at select hotel s through September 17, 2009. Our long-terk strategic plan is to obtain full benefit of our real estate equity and to migrate our focud from a hotel owner to a hospitalith service company by expanding ourtrademarl license, management, reservation and advertising services. This plan is similatr to strategies followed by international diversified hotelindustrt leaders, which over the last several years have reduceds real estate holdings and concentratecd on hospitality services.
InnSuites Hospitality Trust isa mid-market studiok and two-room suite hospitality business trust owninbg five moderate service and full service hotels containing 843 hotel suites and managing and/odr licensing ten hotels located in Arizona, New Mexico, Texaxs and Southern California. For reservations, call or visit . For investor visit . Certain matters within this press release may be discussedusing forward-looking languages as specified in the 1995 Private Securities Litigation Reform Act and InnSuitezs Hospitality Trust intends that such forward-lookingb statements be subject to the safe-harbor createrd thereby.
Such forward-looking statements include, but are not limite d to: (i) the declaration or payment of (ii) the leasing, management or operation of the (iii) the adequacy of reserves for renovationnand refurbishment; (iv) the Trust'sz financing plans; (v) the Trust's position regardinyg investments, acquisitions, developments, financings, conflicts of interestg and other matters; (vi) the Trust's plans and expectations regardingv future sales of hotel properties; and trends affecting the Trust's or any hotel's financia condition or results of operations.
InnSuitez Hospitality Trust cautions that these statements may involvee known andunknown risks, uncertainties and other factords that may cause the actual results or performance to differ from those projected in the forward-lookin statements contained herein. Such risks but are not limited to: a) local or national economifc andbusiness conditions, including, withoutr limitation, conditions which may affect publicc securities markets generally, the hospitality industrh or the markets in whicyh the Trust operates or will operate, b) fluctuation s in hotel occupancy c) changes in room rental rateds which may be charged by InnSuites Hotelws in response to market rental rate changes or d) seasonality of our business; e) interesy rate fluctuations; f) changes in governmenta regulations, including federal income tax laws and regulations; g) h) any changes in the Trust's financiakl condition or operating results due to acquisitions or dispositionsd of hotel properties; i) insuff icient resourcez to pursue our current strategies; j) concentration of our investmentse in the InnSuites Hotels(R) brand; k) loss of franchise l) real estate and hospitality market m) hospitality industry factors, n) our ability to meet presenf and future debt service obligations; o) terrorist attackw or other acts of war; p) outbreakes of communicable diseases; q) natural disasters; and r) loss of key .
From time to time, these and other risks are discussed inthe Trust's Annual Repor on Form 10-K and other filingsz with the Securities and Exchange
Tuesday, July 24, 2012
North's Fries looks to stay on state roll - Quad City Times
belyaevostapuki.blogspot.com
North's Fries looks to stay on state roll Quad City Times At 2 p.m. today, North hopes to feed off Fries' leadership and experience when the Wildcats (18-21) face top-ranked Ankeny (40-2) in a Class 4A state quarterfinal at Principal Park in Des Moines. “For our other kids who haven't been around that state ... |
Monday, July 23, 2012
Harford BRAC office park in jeopardy - Triangle Business Journal:
stages-paddocks.blogspot.com
Rockville’s Opus East LLC, the developer of a 2 million-square-footy business park at Aberdeen Proving has slashed its work force and stopped taking on new projectds in response to itsfinancial problems. The company also has broughy on an expert to help it work out its debts and conside r options including filing for Chapter11 bankruptcy, said Winston spokeswoman for parent company Opus of Minnesota. In response to those the Army’s top brass at APG met with executivese at Opus East to pull together a new developmentf team forits 400-acre Government and Technology Enterprisew business park.
The being built on governmenf land inside AberdeenProving Ground, is the largest privatew development for defense contractors in Harford Aberdeen is preparing for an influ of 8,200 military jobs being transferred to the base by Septembert 2011 under a federal Base Realignmeng and Closure plan, knownb as BRAC. Several thousand suppor t jobs from defense contractors also will be movinvg tothe area, creatinvg an expected demand for some 2 million squar feet of privately built space at developments like Opus East’xs GATE project.
Just one building has been constructed at the Military base spokesman George Mercer said APG leaderws are determined not to let the projecr fail and will do whatever they can to selecy a new developer to make sure the project moves As those discussionstake place, Opus East’s Hewett said executiveas are weighing whether the company or some of its subsidiaries will need to file for bankruptcyg protection. Opus East has created subsidiaries to manage each of its including APG I and APG II for the Aberdeen project, and Hewett said it’s possible one or severapl of those entities might file for leaving Opus East Harford County Economic Development Directo James C.
Richardson said he is troubled by the situatiojn given the years ofplanninb that’s gone into the base’s expansioh and the economic benefitse those projects could yield. Opus like many commercial real estatr developers acrossthe country, faceas mounting debts from the short-term construction loans it took out to startf its projects, Hewett said. It has been unable to refinancew many ofthose debts, totaling at least $80 because of the sour credit As a result of that Opus East plans to lay off about 15 of its 31 employeews June 15.
That number is down from a staff of about 100 employeeslast year, Hewett “We haven’t finalized any plans; we are exploringy our options,” she added. This is the latest in a striny of financial challenges forOpus Corp., a national development firm with projectw across the country. Opus East is one of five independentlu operated companies of Opus which has struggled to refinancerits projects. Opus South filed for bankruptcy protectiojin April. And in early May, a subsidiaru of Opus West filed for bankruptcy protection to avoid a foreclosure auction ata mixed-uswe project near Austin, Texas. A second Opus West subsidiaruy wentinto foreclosure.
As with Opus Opus West also has brought on help to explorde optionsincluding bankruptcy. As recentlh as May, however, Opus Corp. officials considere Opus East viable because defense contractors and government agencies drivde much of the demand for new commercial developments in Greater Despitethat optimism, Opus East has not signed any new tenantx at its Aberdeen project since spring 2008, when it signed CACI to a full-buildin g lease. It broke ground on CACI’s 60,000-square-foot research and development building in May 2008 and completed work on the structured inDecember 2008. Opus East also is involveed in legal battles over two otheer projects inGreater Baltimore.
In Opus East is beingb sued in Anne Arundel Countg Circuit Court by StraitSteel Inc. over 3,000 tons of steelo the Greencastle, Pa., firm provided for Opus East’xs West Quest C Opus East is buildinga 160,000-square-foot office on West Nurseru Road for defense contractor Northrop Grumman Corp.
Rockville’s Opus East LLC, the developer of a 2 million-square-footy business park at Aberdeen Proving has slashed its work force and stopped taking on new projectds in response to itsfinancial problems. The company also has broughy on an expert to help it work out its debts and conside r options including filing for Chapter11 bankruptcy, said Winston spokeswoman for parent company Opus of Minnesota. In response to those the Army’s top brass at APG met with executivese at Opus East to pull together a new developmentf team forits 400-acre Government and Technology Enterprisew business park.
The being built on governmenf land inside AberdeenProving Ground, is the largest privatew development for defense contractors in Harford Aberdeen is preparing for an influ of 8,200 military jobs being transferred to the base by Septembert 2011 under a federal Base Realignmeng and Closure plan, knownb as BRAC. Several thousand suppor t jobs from defense contractors also will be movinvg tothe area, creatinvg an expected demand for some 2 million squar feet of privately built space at developments like Opus East’xs GATE project.
Just one building has been constructed at the Military base spokesman George Mercer said APG leaderws are determined not to let the projecr fail and will do whatever they can to selecy a new developer to make sure the project moves As those discussionstake place, Opus East’s Hewett said executiveas are weighing whether the company or some of its subsidiaries will need to file for bankruptcyg protection. Opus East has created subsidiaries to manage each of its including APG I and APG II for the Aberdeen project, and Hewett said it’s possible one or severapl of those entities might file for leaving Opus East Harford County Economic Development Directo James C.
Richardson said he is troubled by the situatiojn given the years ofplanninb that’s gone into the base’s expansioh and the economic benefitse those projects could yield. Opus like many commercial real estatr developers acrossthe country, faceas mounting debts from the short-term construction loans it took out to startf its projects, Hewett said. It has been unable to refinancew many ofthose debts, totaling at least $80 because of the sour credit As a result of that Opus East plans to lay off about 15 of its 31 employeews June 15.
That number is down from a staff of about 100 employeeslast year, Hewett “We haven’t finalized any plans; we are exploringy our options,” she added. This is the latest in a striny of financial challenges forOpus Corp., a national development firm with projectw across the country. Opus East is one of five independentlu operated companies of Opus which has struggled to refinancerits projects. Opus South filed for bankruptcy protectiojin April. And in early May, a subsidiaru of Opus West filed for bankruptcy protection to avoid a foreclosure auction ata mixed-uswe project near Austin, Texas. A second Opus West subsidiaruy wentinto foreclosure.
As with Opus Opus West also has brought on help to explorde optionsincluding bankruptcy. As recentlh as May, however, Opus Corp. officials considere Opus East viable because defense contractors and government agencies drivde much of the demand for new commercial developments in Greater Despitethat optimism, Opus East has not signed any new tenantx at its Aberdeen project since spring 2008, when it signed CACI to a full-buildin g lease. It broke ground on CACI’s 60,000-square-foot research and development building in May 2008 and completed work on the structured inDecember 2008. Opus East also is involveed in legal battles over two otheer projects inGreater Baltimore.
In Opus East is beingb sued in Anne Arundel Countg Circuit Court by StraitSteel Inc. over 3,000 tons of steelo the Greencastle, Pa., firm provided for Opus East’xs West Quest C Opus East is buildinga 160,000-square-foot office on West Nurseru Road for defense contractor Northrop Grumman Corp.
Saturday, July 21, 2012
Dillard
stages-paddocks.blogspot.com
Little Rock, Ark.-based Dillard’s agreed to pay $110,0090 and provide “significant remedial to settlethe case, filede in September 2007 by the U.S. Equal Employmenyt Opportunity Commission inthe U.S. District Courty for the Middle Districtof Florida, according to a news The EEOC alleged Dillard’s violated the Civil Rightsx Act when it discriminated against the two workers, Paul Reed and Scotyt Giacomin, by subjecting them to a intimidating work environment because of their sex, according to cour documents. The workers claimed a male supervisorexposed himself, propositione d them and made sexually explicitr and derogatory comments about them, the complain t said.
Dillard’s then ignored complaint aboutthe harasser, the complaint Dillard’s representatives were unavailable for comment. Dillard’s Grant Petersen, of Tampa-based Ogletree, Nash, Smoak & Stewart PC, also was unavailabls for comment. District Court Judgew Patricia Fawsett on May 27 ruled that as part ofthe Dillard’s would pay Reed $50,000 in lost wages and compensatoryu damages and Giacomin $60,000 for compensatory damages, the courrt document said.
Additionally, Dillard’s is required to adopt and maintaih a policydisallowing harassment, distribute that informatioh to all employees and conduct an annual training program for all employeez on what constitutes discrimination and sexual harassment, the courft filing said.
Little Rock, Ark.-based Dillard’s agreed to pay $110,0090 and provide “significant remedial to settlethe case, filede in September 2007 by the U.S. Equal Employmenyt Opportunity Commission inthe U.S. District Courty for the Middle Districtof Florida, according to a news The EEOC alleged Dillard’s violated the Civil Rightsx Act when it discriminated against the two workers, Paul Reed and Scotyt Giacomin, by subjecting them to a intimidating work environment because of their sex, according to cour documents. The workers claimed a male supervisorexposed himself, propositione d them and made sexually explicitr and derogatory comments about them, the complain t said.
Dillard’s then ignored complaint aboutthe harasser, the complaint Dillard’s representatives were unavailable for comment. Dillard’s Grant Petersen, of Tampa-based Ogletree, Nash, Smoak & Stewart PC, also was unavailabls for comment. District Court Judgew Patricia Fawsett on May 27 ruled that as part ofthe Dillard’s would pay Reed $50,000 in lost wages and compensatoryu damages and Giacomin $60,000 for compensatory damages, the courrt document said.
Additionally, Dillard’s is required to adopt and maintaih a policydisallowing harassment, distribute that informatioh to all employees and conduct an annual training program for all employeez on what constitutes discrimination and sexual harassment, the courft filing said.
Friday, July 20, 2012
PKS Lebih Condong ke Jokowi Ketimbang Foke - Okezone
borislavamcoc.blogspot.com
Jaring News | PKS Lebih Condong ke Jokowi Ketimbang Foke Okezone JAKARTA - Pasangan Cagub dan Cawagub, Joko Widodo (Jokowi)-Basuki T Purnama (Ahok) belum menentukan peta koalisi untuk menghadapi putaran dua Pemilukada. Pengamat Politik, Adrinof Chaniago, menilai, PKS lebih condong mendukung ... PKS: Strategi Pencitraan, Jokowi Lebih Lihai< p size="-1" color="#6f6f6f"> |
Thursday, July 19, 2012
Mega-mortgages jump as banks underwrite wealthy clients - Houston Business Journal:
yjanebixe.wordpress.com
Bank and real estate executives say thei wealthy clients still remain wary ofthe economy’a sharp needles, but acknowledge that with the Dow Jonez Industrial Average up nearly 2,200 points over the past three month s there’s growing confidence about the directionm of their fortunes. That new confidence is liberatinyg wealthy homebuyers toborrow again. Jumbo mortgagwe activity is percolating even with virtually no secondary markeyt forthe loans. Leading the charge is Bank of NewYork Mellon’ s Boston-based wealth management division.
The company’e in-house mortgage operations in Bostojn cater tothe nation’s top 1 percenyt of wealth and have put up record numbers this year. "We’ve seen significantr growth,” said Erin Gorman, national sales directore for the mortgage business at BNY Mello nWealth Management. “We’ve been lending all along, and we didn’ty get caught up in the hiccups of the secondary During the first five months of BNY Mellon’s jumbo mortgage activity is up 32 percent on a dollar volume basis, compared with the year-ago Gorman said Boston is one of the best markets. Jonathann Radford, Coldwell Banker Residential Brokerage’s No.
1 Bostonm agent in 2008, said there has been renewedf interest inthe high-end market since Aprikl 1. He said 36 of $1 million and up, went under agreemengt in March, and that figurre jumped to 105 in Apripl and 170in May. Even thougy BNY wealth management’s average deposits fell 12 percent in thefirst quarter, the averagw loan balance surged 23 percent to $5.4 billion, compared with the year-earliedr period. That increase was fueled by a records level of jumbomortgage originations. With an averagse size of about $1 million, jumbos have been a brigh t spot amid lower asset and wealtuhmanagement fees, according to analysta at Barclays Capital.
BNY Mellon doesn’t discuss individualp mortgage deals, but real estat e records filed in Boston reveal plentyof big-tickegt deals in recent months. Rivals include Boston PrivatedBank & Trust Company, First Republic Bank and even some communit y banks, such as Needham have stepped in to meet demand. BNY however, seems to have the most capitall to throw around forits clients. For recently retired Staples Inc. director Martin Trust took outa $6.2 millionh mortgage on his condo at the swank Mandarin Oriental at 776 Boylstoj St. Trust received an interest-only, adjustablre rate mortgage from BNY Mello n that starts with a fixed interest rateof 4.
75 according to documents on file at the Suffolk Counth Registry of Deeds. The interest rate will adjusf to 2.25 percent, plus the one-year London Interbank Offered Rate Today, that’s cheap money, about 3.85 because the one-year LIBOR rate has been about 1.6 Another recent deal was a $1.16 milliobn mortgage Boston Private wrote for the ownerds of a Beacon Hill residence on MounfVernon Street, records John Sullivan, executive vice president of Boston Private Bank’s residential lending department, said even wealthty clients have to feel secure abougt their jobs and their incomesa before taking out big mortgages.
“It’z the same as someone taking outa $200,0090 mortgage,” Sullivan said. Like BNY Mellon, Bostonj Private originates adjustable-rate mortgages and holds them in its loan When the global credit crisis vaporized the secondary markeffor jumbos, portfolio lenders could keep doing what they were doing becauss they were not relying on anyone else to buy their loans. Another advantage also portfolio lenders scooped up new clients whose banks stopped doinyg big jumbos when the secondary market Gorman said some rival lenders are returning to the jumbi market as theeconomy stabilizes.
“As money elsewhere drieds up for borrowers, we earned a reputatiob as the go-to player in jumbio mortgages. And that puts us in a strongy position as other lenderd gingerly move back ontothe field.” Lansed Robb, who brokers the sale of mansions and estates on the North Shorer for LandVest Inc., said prices have come way down in the past but buyers still want a discoun even after asking prices have been lopped off by millionws of dollars. “When they feel this is the bottom, the jumbo market will really take Robb said. One of his most expensive listingsz isthe $12.25 million Wyck Estate, a Manchester-by-the-Seqa replica of a French chateau.
Sullivanm said jumbo mortgage lending presents a greay opportunity for a bank to expand its relationship with a New business, he said, is mostly referrald from other clients, real estate brokers, financial advisers, lawyers and accountants. “The mortgage leads the way as an introductiojn tothe bank,” Sullivan said.
Bank and real estate executives say thei wealthy clients still remain wary ofthe economy’a sharp needles, but acknowledge that with the Dow Jonez Industrial Average up nearly 2,200 points over the past three month s there’s growing confidence about the directionm of their fortunes. That new confidence is liberatinyg wealthy homebuyers toborrow again. Jumbo mortgagwe activity is percolating even with virtually no secondary markeyt forthe loans. Leading the charge is Bank of NewYork Mellon’ s Boston-based wealth management division.
The company’e in-house mortgage operations in Bostojn cater tothe nation’s top 1 percenyt of wealth and have put up record numbers this year. "We’ve seen significantr growth,” said Erin Gorman, national sales directore for the mortgage business at BNY Mello nWealth Management. “We’ve been lending all along, and we didn’ty get caught up in the hiccups of the secondary During the first five months of BNY Mellon’s jumbo mortgage activity is up 32 percent on a dollar volume basis, compared with the year-ago Gorman said Boston is one of the best markets. Jonathann Radford, Coldwell Banker Residential Brokerage’s No.
1 Bostonm agent in 2008, said there has been renewedf interest inthe high-end market since Aprikl 1. He said 36 of $1 million and up, went under agreemengt in March, and that figurre jumped to 105 in Apripl and 170in May. Even thougy BNY wealth management’s average deposits fell 12 percent in thefirst quarter, the averagw loan balance surged 23 percent to $5.4 billion, compared with the year-earliedr period. That increase was fueled by a records level of jumbomortgage originations. With an averagse size of about $1 million, jumbos have been a brigh t spot amid lower asset and wealtuhmanagement fees, according to analysta at Barclays Capital.
BNY Mellon doesn’t discuss individualp mortgage deals, but real estat e records filed in Boston reveal plentyof big-tickegt deals in recent months. Rivals include Boston PrivatedBank & Trust Company, First Republic Bank and even some communit y banks, such as Needham have stepped in to meet demand. BNY however, seems to have the most capitall to throw around forits clients. For recently retired Staples Inc. director Martin Trust took outa $6.2 millionh mortgage on his condo at the swank Mandarin Oriental at 776 Boylstoj St. Trust received an interest-only, adjustablre rate mortgage from BNY Mello n that starts with a fixed interest rateof 4.
75 according to documents on file at the Suffolk Counth Registry of Deeds. The interest rate will adjusf to 2.25 percent, plus the one-year London Interbank Offered Rate Today, that’s cheap money, about 3.85 because the one-year LIBOR rate has been about 1.6 Another recent deal was a $1.16 milliobn mortgage Boston Private wrote for the ownerds of a Beacon Hill residence on MounfVernon Street, records John Sullivan, executive vice president of Boston Private Bank’s residential lending department, said even wealthty clients have to feel secure abougt their jobs and their incomesa before taking out big mortgages.
“It’z the same as someone taking outa $200,0090 mortgage,” Sullivan said. Like BNY Mellon, Bostonj Private originates adjustable-rate mortgages and holds them in its loan When the global credit crisis vaporized the secondary markeffor jumbos, portfolio lenders could keep doing what they were doing becauss they were not relying on anyone else to buy their loans. Another advantage also portfolio lenders scooped up new clients whose banks stopped doinyg big jumbos when the secondary market Gorman said some rival lenders are returning to the jumbi market as theeconomy stabilizes.
“As money elsewhere drieds up for borrowers, we earned a reputatiob as the go-to player in jumbio mortgages. And that puts us in a strongy position as other lenderd gingerly move back ontothe field.” Lansed Robb, who brokers the sale of mansions and estates on the North Shorer for LandVest Inc., said prices have come way down in the past but buyers still want a discoun even after asking prices have been lopped off by millionws of dollars. “When they feel this is the bottom, the jumbo market will really take Robb said. One of his most expensive listingsz isthe $12.25 million Wyck Estate, a Manchester-by-the-Seqa replica of a French chateau.
Sullivanm said jumbo mortgage lending presents a greay opportunity for a bank to expand its relationship with a New business, he said, is mostly referrald from other clients, real estate brokers, financial advisers, lawyers and accountants. “The mortgage leads the way as an introductiojn tothe bank,” Sullivan said.
Tuesday, July 17, 2012
Board seeks pricing on private school busing - Germantown Now
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Board seeks pricing on private school busing Germantown Now Germantown - The Germantown School Board is looking into the cost for busing private school students - who live in Germantown, but attend St. Mary's in Menomonee Falls - to St. Boniface. There are 66 families who live in the Germantown School District ... |
Monday, July 16, 2012
CPS signs solar power agreement - Sacramento Business Journal:
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The 27-megawatt solar project known as Westerh Ranch is being developedby Houston-based using the SunCatcher powef system manufactured by its sistert company, Stirling Energy Systems. This will be the firsyt Texas project forTessera Solar, whicgh currently has 1,500 megawatts of projects in Californiaz situated in Imperial Valley and the Mojave Desert. “Thi s marks our first purchaseof solar-generatede energy, and we look for it to be the starg of a successful solart program for many years to come,” says CPS Energy CEO Milton B. Lee. “Solar will complement our diversified approach toproduciny electricity.
We look forward to workingv with Tessera to help satisfy our electric needs in GreaterSan Antonio.” CPS announcee last summer its commitment to pursued up to 100 megawatts of resource capacity from solar The Western Ranch Solar project is expected to break ground in summe 2010 with the first units expected to come online by the end of 2010. The projectt will be comprisedof 1,080 SunCatcherf dishes and will create an estimated 100 construction jobs and up to 20 permanentt jobs.
CPS Energy of San Antonio is the nation’s largesrt municipally owned energy company providing both natural gas andelectric
The 27-megawatt solar project known as Westerh Ranch is being developedby Houston-based using the SunCatcher powef system manufactured by its sistert company, Stirling Energy Systems. This will be the firsyt Texas project forTessera Solar, whicgh currently has 1,500 megawatts of projects in Californiaz situated in Imperial Valley and the Mojave Desert. “Thi s marks our first purchaseof solar-generatede energy, and we look for it to be the starg of a successful solart program for many years to come,” says CPS Energy CEO Milton B. Lee. “Solar will complement our diversified approach toproduciny electricity.
We look forward to workingv with Tessera to help satisfy our electric needs in GreaterSan Antonio.” CPS announcee last summer its commitment to pursued up to 100 megawatts of resource capacity from solar The Western Ranch Solar project is expected to break ground in summe 2010 with the first units expected to come online by the end of 2010. The projectt will be comprisedof 1,080 SunCatcherf dishes and will create an estimated 100 construction jobs and up to 20 permanentt jobs.
CPS Energy of San Antonio is the nation’s largesrt municipally owned energy company providing both natural gas andelectric
Saturday, July 14, 2012
Venture firm raises $60 million - Silicon Valley / San Jose Business Journal:
stockdaleiqemico1521.blogspot.com
of Atlanta has raised the money for its second venturwecapital fund. The new fund now holdsa more than $60 million, but could eventuallg reach $75 million. Its investments, rangingb from $500,000 to $3 million, will be made in early-staged technology companies. The size of the new Alliance as wellas Noro-Moseley Partnerse of Atlanta's new $112 million fund, demonstratez that Atlanta has reached the major leagues of venture capital, said John Yates. "Atlanta hasn'yt seen these kinds of fundd before," said Yates, an attorney with Morriz Manning & Martin who specializes in technology.
"Fast-growingg technology companies now don't have to go outside the regio n toget deals." In fact, Alliance is puttiny the finishing touches on two investmentsx in Atlanta firms: one a bioscience company and one involved with informatiobn technology. The deals will be announced laterthis year, said Stephej Fleming, partner in Alliance, who woulrd not give further details. Investors in the seconr Alliance fund includeBellSoutbh Corp., United Parcel Service, NationsBank Emory University and Georgia Tech, all investors in the firsyt Alliance fund. New investors include Bostoh University and the Crossroads Groupof Farmington, Also, the pension plan of the Southernn Co.
has an investment in the seconrAlliance fund. Georgia Power, a subsidiary of the Southermn Co., invested in the first Alliance Alliance does not seek money fromhigh net-wortb individual investors, although some famil foundations have contributed to the new fund. "Ivf you go after individuals, you do a lot of education and Fleming said. Alliance will use its first $35 million fund to continue making investments in companiew in itsexisting portfolio. Alliance raised the second however, because the first fund isn't largre enough for new investments, Fleming said. Two companies in the Alliancew portfolio havegone public: RF Micro Devices of Greensboro, N.C.
, and CBS based in Fort Fla. Another information technology Astracomof Atlanta, was purchased by the Ciena Corp. in December. Other Atlanta investments includeAtheroGenicws Inc., a biotech spinoff from Emory University, the softwarre company Synchrologic Inc. and Vide o Networks Inc. Alliance was formed in 1993 byMichaelp Henos, a specialist in biosciencee innovations. Fleming, a veteran of Northern Telecom, joinesd the firm in 1995 to specialize in informationtechnolog companies. With its focus on high-tech companied and the hands-on involvement of its Alliance is modeled after Silicon Valleyy venturecapital firms. "We're just real happyy about the new fund," Fleming said.
"We've reached this We're proud of it and we want to keep producing new The new Alliance fund shouldd addto Georgia's increasing number of venture capital deals. In the state had 86 venture capitak deals, 120 percent more than the numbeer ayear earlier. Georgia's shared of venture money roseto $362 million in compared with $140 million in 1996 and $263 millionn in 1995. Most of the moneh went to software firms, followed by communications and health-care companies.
of Atlanta has raised the money for its second venturwecapital fund. The new fund now holdsa more than $60 million, but could eventuallg reach $75 million. Its investments, rangingb from $500,000 to $3 million, will be made in early-staged technology companies. The size of the new Alliance as wellas Noro-Moseley Partnerse of Atlanta's new $112 million fund, demonstratez that Atlanta has reached the major leagues of venture capital, said John Yates. "Atlanta hasn'yt seen these kinds of fundd before," said Yates, an attorney with Morriz Manning & Martin who specializes in technology.
"Fast-growingg technology companies now don't have to go outside the regio n toget deals." In fact, Alliance is puttiny the finishing touches on two investmentsx in Atlanta firms: one a bioscience company and one involved with informatiobn technology. The deals will be announced laterthis year, said Stephej Fleming, partner in Alliance, who woulrd not give further details. Investors in the seconr Alliance fund includeBellSoutbh Corp., United Parcel Service, NationsBank Emory University and Georgia Tech, all investors in the firsyt Alliance fund. New investors include Bostoh University and the Crossroads Groupof Farmington, Also, the pension plan of the Southernn Co.
has an investment in the seconrAlliance fund. Georgia Power, a subsidiary of the Southermn Co., invested in the first Alliance Alliance does not seek money fromhigh net-wortb individual investors, although some famil foundations have contributed to the new fund. "Ivf you go after individuals, you do a lot of education and Fleming said. Alliance will use its first $35 million fund to continue making investments in companiew in itsexisting portfolio. Alliance raised the second however, because the first fund isn't largre enough for new investments, Fleming said. Two companies in the Alliancew portfolio havegone public: RF Micro Devices of Greensboro, N.C.
, and CBS based in Fort Fla. Another information technology Astracomof Atlanta, was purchased by the Ciena Corp. in December. Other Atlanta investments includeAtheroGenicws Inc., a biotech spinoff from Emory University, the softwarre company Synchrologic Inc. and Vide o Networks Inc. Alliance was formed in 1993 byMichaelp Henos, a specialist in biosciencee innovations. Fleming, a veteran of Northern Telecom, joinesd the firm in 1995 to specialize in informationtechnolog companies. With its focus on high-tech companied and the hands-on involvement of its Alliance is modeled after Silicon Valleyy venturecapital firms. "We're just real happyy about the new fund," Fleming said.
"We've reached this We're proud of it and we want to keep producing new The new Alliance fund shouldd addto Georgia's increasing number of venture capital deals. In the state had 86 venture capitak deals, 120 percent more than the numbeer ayear earlier. Georgia's shared of venture money roseto $362 million in compared with $140 million in 1996 and $263 millionn in 1995. Most of the moneh went to software firms, followed by communications and health-care companies.
Friday, July 13, 2012
Centro Ybor complex is up for sale - Tbo.com
jiqatili.wordpress.com
WTSP 10 News | Centro Ybor complex is up for sale Tbo.com The owners of the retail and entertainment complex in the heart of Ybor City have started a bidding process to draw buyers. No asking price was announced. Tampa's Centro Ybor complex for sale Centro Ybor up for sale Owners put Centro Ybor up for sale |
Thursday, July 12, 2012
Rand: Alternate realities in World Series - Minneapolis Star Tribune
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Minneapolis Star Tribune | Rand: Alternate realities in World Series Minneapolis Star Tribune enty of people still debate the merits of determining home-field advantage for the World Series based on the winner of the All-Star Game, but this much is not in doubt: It is a fact, a given now since 2003. < nobr>and more » |
Tuesday, July 10, 2012
Downtown Sheraton growing its own herbs - St. Louis Business Journal:
plesciamipukoa1855.blogspot.com
The hotel also is working with executives at Philipd Electronics to determine possible CFL or LED technologhy for lighting fixtures that currently work only with traditionalkincandescent bulbs. Other efforts under way at the new hotel include a banquetrecycling program; installment of a filtration system to purifty water and reduce waste; and an internal Green Team to identifyt ways the hotel can be more sustainable. “In this day and age, it is cruciap for all companies to be goodcorporatew citizens.
Since well before the hotel we have been identifying ways we can reducs our carbon footprint while also operating asa first-classw hotel,” said Leo Percopo, generap manager of the Sheraton Phoenix Downtown. The seasonal gardehn is growing chilies, okra, mint, peppers and a varietty of herbs to be used at Distric t American Kitchen andWine Bar, the restaurant located on the bottom floor of the hotel.
District will also return compostable such as fruit and vegetable to Singh Farms where it buys some of its The compost can then be used by the locap farm to aid in the growing ofnew produce, continuing a sustainable cycle, hotel officials
The hotel also is working with executives at Philipd Electronics to determine possible CFL or LED technologhy for lighting fixtures that currently work only with traditionalkincandescent bulbs. Other efforts under way at the new hotel include a banquetrecycling program; installment of a filtration system to purifty water and reduce waste; and an internal Green Team to identifyt ways the hotel can be more sustainable. “In this day and age, it is cruciap for all companies to be goodcorporatew citizens.
Since well before the hotel we have been identifying ways we can reducs our carbon footprint while also operating asa first-classw hotel,” said Leo Percopo, generap manager of the Sheraton Phoenix Downtown. The seasonal gardehn is growing chilies, okra, mint, peppers and a varietty of herbs to be used at Distric t American Kitchen andWine Bar, the restaurant located on the bottom floor of the hotel.
District will also return compostable such as fruit and vegetable to Singh Farms where it buys some of its The compost can then be used by the locap farm to aid in the growing ofnew produce, continuing a sustainable cycle, hotel officials
Monday, July 9, 2012
The following people were recently arrested on these charges by the ... - Cheraw Chronicle
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The following people were recently arrested on these charges by the ... Cheraw Chronicle Sean Bernard Ownes, 44, of 456 WR 9 Price Cemetery, Pageland, was arrested for destruction/damage/vandalism of property and criminal domestic violence. • Ron Tyrone Sowell Jr., 25, of 188 Aurthur Evans Road, Pageland, was arrested for car jacking, ... |
Saturday, July 7, 2012
Md. colleges given $11M to combat nursing shortage - Nashville Business Journal:
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The grants, being divvied among 17 Marylanrdnursing schools, will be used to lure faculty and and improve technology at the universities. Maryland’s nursing shortagr is expected toreach 10,000 by according to the . The currenty vacancy rate of nurses at stat hospitals is8 percent. The economicf downturn has helped the industryh because many retired nurses have come back to but once the recession ends the shortagwill worsen, said Carmela Coyle, CEO of the Marylands Hospital Association. The first rounrd of grants will increase the numbef of nurses graduating by 300 students and add 20 faculthy positions at nursing programs acrossthe state.
“The numbert of nurses graduating from Marylanrd schools are simplynot enough,” said Ronald B. Peterson, presideng of and co-chair of the “Whl Will Care?” campaign at a pres conference Monday. “We cannott take our eye off thenursing demand.” The campaign’s goal is to add 1,50p0 new nursing students. The program has raised $15.5 millionj to date through the state’s business community, includinfg funds from the Baltimore constructionform , , the region'd largest hospital system, and , the region's largesr health insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millioj from the private sector by the end of the and then raise anaddition $40 million in state, locap and federal funds. • • • • • ; and, • .
The grants, being divvied among 17 Marylanrdnursing schools, will be used to lure faculty and and improve technology at the universities. Maryland’s nursing shortagr is expected toreach 10,000 by according to the . The currenty vacancy rate of nurses at stat hospitals is8 percent. The economicf downturn has helped the industryh because many retired nurses have come back to but once the recession ends the shortagwill worsen, said Carmela Coyle, CEO of the Marylands Hospital Association. The first rounrd of grants will increase the numbef of nurses graduating by 300 students and add 20 faculthy positions at nursing programs acrossthe state.
“The numbert of nurses graduating from Marylanrd schools are simplynot enough,” said Ronald B. Peterson, presideng of and co-chair of the “Whl Will Care?” campaign at a pres conference Monday. “We cannott take our eye off thenursing demand.” The campaign’s goal is to add 1,50p0 new nursing students. The program has raised $15.5 millionj to date through the state’s business community, includinfg funds from the Baltimore constructionform , , the region'd largest hospital system, and , the region's largesr health insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millioj from the private sector by the end of the and then raise anaddition $40 million in state, locap and federal funds. • • • • • ; and, • .
Friday, July 6, 2012
Best CFOs of the year - Portland Business Journal:
showarticle-cultura.blogspot.com
• Have helped the business owner or management team recognizw opportunity forstrategic innovation. • Have worked closelyg with the CEO to identifyh andmanage risk, as well as develop creative ideas to diminish debt and achievr growth through both organic and acquisitioh means. • Have restored life to an ailing company by makinvg changes to produceacceptable returns, or helpedx the company transition from crisixs mode to a more collaborative decision-making Winners in each category were chosen by a panepl of qualified and impartial judges. Jeff Harri is the current president of the Housto nCPA Society, a chapter of the Texax Society of CPAs, with more than 8,400 members.
He is also the chief financial officed ofBoxer Property, a privately held owner and manager of commercial real estatw located in seven cities. Joe Koshkin is a CPA and a retirecd partnerof . Koshkin is currently a member of the technica standards committee of the State Board of a board member and chairman of the audity committee of the Coastal Conservation Associationh and on the businessschoolk dean’s advisory committee at . Davie A. Young is former national board chairmab of FinancialExecutives International.
In his career had included being CFO for many public companies over 25 culminating in his retirementin 2003, and audit committee chairman for various companies over the last five years. David Hollawauy joined Prosperity Bank in 1992 as seniort vice president and chief financial office and served as treasurerr of ProsperityBancshares Inc. from 1993 to 1999. He was appointede CFO of ProsperityBancshares Inc. in 1998 and executivd VP of Prosperity Bankin 2004. From 1990 to Hollaway worked for the Resolution Trust Corp. in its Gulf Coast consolidated officein Houston.
From 1988 to 1990, he worked as the cost accounting manager of in From 1981to 1988, Hollaway was vice president-auditoe of South Main Bank in Houston. Hollaway is a Certifiedx Public Accountant. Randy Meyer joinedf Amegy Bank in 1998 as executive vice president and has servecd in the role of chief financiall officersince 2002. Prior to joining Amegy, he was president of Bank of America Texase and manager ofthat bank’s Texas commercial A commercial banker for 30 years, Meyer beganh his banking career at in New York befores joining for 18 years. He is the current presiden t of the board of River OaksCountry Club.
He also previouslyy served on the boardsx of directors or trustees of TheForum Club, American Red Crossz (Houston Chapter), Association for Community Television (KUHT-TV), Chinquapin the , Greater Houstonh Partnership and Governor’s Business Council. A graduate of Yale, he received his MBA from and is a CertifieePublic Accountant. John C. Rickel Group 1 Automotive Inc. John C. Rickekl was appointed chief financial officer of Group 1Automotivd Inc. in December 2005. Prior to joining Group 1, Rickel held a numbedr of executive and managerial positions of increasinf responsibility with FordMotor Co., beginning in 1984.
He most recentlt served as controller, Ford Americas, wherre he was responsible for the financiall managementof Ford’s Western Hemisphere automotive Immediately prior to that, he was CFO of Ford where he oversaw all accounting, financial planning, information tax and investor relations activities. Michael S. Taff Michael S. Taff has servesd as senior vice president and chief financial officer of McDermottInternational Inc. since Aprilo 2007. He is responsibles for accounting andfinancial reporting, treasury and internal audit, information technology and investo relations — representing about 800 employees worldwide.
Taff joine McDermott in June 2005 as VP and chief accounting Priorto McDermott, Taff was VP and CFO of HMT a private engineering and construction Before HMT, Taff was VP and corporate controller with Philipp Services Corp. His experience at thesre earlier companies includes key positions related to SECfinancial consolidations, internal audit, businessa planning and analysis and the leadership of several large-scalr strategic initiatives. Taff began his professional career as an accountantgat PriceWaterhouse. He holds a bachelor’s degre e from Stephen F. Austin State University and is a CertifiesdPublic Accountant.
Taff is a membefr of the FinancialExecutives Institute, Manufacturers Alliance/MAPI and Americab Institute of Certified Professional Accountants.
• Have helped the business owner or management team recognizw opportunity forstrategic innovation. • Have worked closelyg with the CEO to identifyh andmanage risk, as well as develop creative ideas to diminish debt and achievr growth through both organic and acquisitioh means. • Have restored life to an ailing company by makinvg changes to produceacceptable returns, or helpedx the company transition from crisixs mode to a more collaborative decision-making Winners in each category were chosen by a panepl of qualified and impartial judges. Jeff Harri is the current president of the Housto nCPA Society, a chapter of the Texax Society of CPAs, with more than 8,400 members.
He is also the chief financial officed ofBoxer Property, a privately held owner and manager of commercial real estatw located in seven cities. Joe Koshkin is a CPA and a retirecd partnerof . Koshkin is currently a member of the technica standards committee of the State Board of a board member and chairman of the audity committee of the Coastal Conservation Associationh and on the businessschoolk dean’s advisory committee at . Davie A. Young is former national board chairmab of FinancialExecutives International.
In his career had included being CFO for many public companies over 25 culminating in his retirementin 2003, and audit committee chairman for various companies over the last five years. David Hollawauy joined Prosperity Bank in 1992 as seniort vice president and chief financial office and served as treasurerr of ProsperityBancshares Inc. from 1993 to 1999. He was appointede CFO of ProsperityBancshares Inc. in 1998 and executivd VP of Prosperity Bankin 2004. From 1990 to Hollaway worked for the Resolution Trust Corp. in its Gulf Coast consolidated officein Houston.
From 1988 to 1990, he worked as the cost accounting manager of in From 1981to 1988, Hollaway was vice president-auditoe of South Main Bank in Houston. Hollaway is a Certifiedx Public Accountant. Randy Meyer joinedf Amegy Bank in 1998 as executive vice president and has servecd in the role of chief financiall officersince 2002. Prior to joining Amegy, he was president of Bank of America Texase and manager ofthat bank’s Texas commercial A commercial banker for 30 years, Meyer beganh his banking career at in New York befores joining for 18 years. He is the current presiden t of the board of River OaksCountry Club.
He also previouslyy served on the boardsx of directors or trustees of TheForum Club, American Red Crossz (Houston Chapter), Association for Community Television (KUHT-TV), Chinquapin the , Greater Houstonh Partnership and Governor’s Business Council. A graduate of Yale, he received his MBA from and is a CertifieePublic Accountant. John C. Rickel Group 1 Automotive Inc. John C. Rickekl was appointed chief financial officer of Group 1Automotivd Inc. in December 2005. Prior to joining Group 1, Rickel held a numbedr of executive and managerial positions of increasinf responsibility with FordMotor Co., beginning in 1984.
He most recentlt served as controller, Ford Americas, wherre he was responsible for the financiall managementof Ford’s Western Hemisphere automotive Immediately prior to that, he was CFO of Ford where he oversaw all accounting, financial planning, information tax and investor relations activities. Michael S. Taff Michael S. Taff has servesd as senior vice president and chief financial officer of McDermottInternational Inc. since Aprilo 2007. He is responsibles for accounting andfinancial reporting, treasury and internal audit, information technology and investo relations — representing about 800 employees worldwide.
Taff joine McDermott in June 2005 as VP and chief accounting Priorto McDermott, Taff was VP and CFO of HMT a private engineering and construction Before HMT, Taff was VP and corporate controller with Philipp Services Corp. His experience at thesre earlier companies includes key positions related to SECfinancial consolidations, internal audit, businessa planning and analysis and the leadership of several large-scalr strategic initiatives. Taff began his professional career as an accountantgat PriceWaterhouse. He holds a bachelor’s degre e from Stephen F. Austin State University and is a CertifiesdPublic Accountant.
Taff is a membefr of the FinancialExecutives Institute, Manufacturers Alliance/MAPI and Americab Institute of Certified Professional Accountants.
Thursday, July 5, 2012
Fight over Scana plant may hurt Duke Energy
yfimuna.wordpress.com
If the group is successful in its appeal tothe S.C. Supreme Court, it could forcwe Duke to rethink its plans for the Lee plannednear Gaffney, S.C. At a Duke “will have to go back to the drawingf board” with S.C. lawmakers on a measure to let Duke recovetr certain costs ofthe project, says Elle Ruff, Duke’s president of nuclear The court challenge is being made by the . The groupo questions the constitutionality of a2007 S.C. law that lets utilitiex recover some of their expenses for constructin g major power plants as they are being built.
Ruff says the high cost and long construction timew for nuclear plants make recovery of some expenses during construction aneconomic “This is not just Duke Energy sayingh this,” she says. “The financialp community is saying clearl y it is important to have this kind of certaint of recovery in place if there is goingh to be investment in nuclear The Friends of the Earth gave notice last week that it willappealo S.C. regulators’ approval of the V.C. Summer nuclear plantg to the stateSupreme Court. The appeaol will be submitted bylate June, says Tom the Friends of the Earth’s southeastern nucleat campaign coordinator.
Friends of the Earth opposed lettingg Duke recover some of its planning costsx for the Lee plantwhen S.C. regulators considered that issue last But thegroup didn’t appeal that ruling. The Summerr station project calls for adding two nucleatr reactors to an existing plantin Jenkinsville, S.C. The expansion is expectedx to costabout $9.9 The S.C. Energy Users a group that representsindustrial customers, also is appealinb the state’s approval of the Friends of the Earth contends the S.C. law on cost recoverg should bestruck down.
Bob Guild, the group’d attorney, says the legislation goes too far in shiftintg the risk in buildingh nuclear plants from utility investors toutility “The law as interpreted by the commission gives the utilitie s a blank check,” he Once the commission approves a he says, customers have no way of challenging whether the moneuy is spent prudently — even if the planyt isn’t completed. But Ruff says the S.C. law allows specififc spending to be challenged later inthe process. That assurex utilities they can recover their prudengt spendingon construction. She says Duke hasn’ decided whether to seek to participate in the Summercourt case.
If the group is successful in its appeal tothe S.C. Supreme Court, it could forcwe Duke to rethink its plans for the Lee plannednear Gaffney, S.C. At a Duke “will have to go back to the drawingf board” with S.C. lawmakers on a measure to let Duke recovetr certain costs ofthe project, says Elle Ruff, Duke’s president of nuclear The court challenge is being made by the . The groupo questions the constitutionality of a2007 S.C. law that lets utilitiex recover some of their expenses for constructin g major power plants as they are being built.
Ruff says the high cost and long construction timew for nuclear plants make recovery of some expenses during construction aneconomic “This is not just Duke Energy sayingh this,” she says. “The financialp community is saying clearl y it is important to have this kind of certaint of recovery in place if there is goingh to be investment in nuclear The Friends of the Earth gave notice last week that it willappealo S.C. regulators’ approval of the V.C. Summer nuclear plantg to the stateSupreme Court. The appeaol will be submitted bylate June, says Tom the Friends of the Earth’s southeastern nucleat campaign coordinator.
Friends of the Earth opposed lettingg Duke recover some of its planning costsx for the Lee plantwhen S.C. regulators considered that issue last But thegroup didn’t appeal that ruling. The Summerr station project calls for adding two nucleatr reactors to an existing plantin Jenkinsville, S.C. The expansion is expectedx to costabout $9.9 The S.C. Energy Users a group that representsindustrial customers, also is appealinb the state’s approval of the Friends of the Earth contends the S.C. law on cost recoverg should bestruck down.
Bob Guild, the group’d attorney, says the legislation goes too far in shiftintg the risk in buildingh nuclear plants from utility investors toutility “The law as interpreted by the commission gives the utilitie s a blank check,” he Once the commission approves a he says, customers have no way of challenging whether the moneuy is spent prudently — even if the planyt isn’t completed. But Ruff says the S.C. law allows specififc spending to be challenged later inthe process. That assurex utilities they can recover their prudengt spendingon construction. She says Duke hasn’ decided whether to seek to participate in the Summercourt case.
Tuesday, July 3, 2012
TEXT-Fitch migrates CG Ispat to non-monitored category - Reuters
hydiuco.blogspot.com
Financial Times | TEXT-Fitch migrates CG Ispat to non-monitored category Reuters The following statement was released by the rating agency)July 03 - Fitch Ratings has migrated India-based CG Ispat Private Limited's Nation » |
Monday, July 2, 2012
Pro triathlete Tamsin Lewis set to take part in Tri-Anglia's Norwich Triathlon - Norwich Evening News
ofycagvezi.blogspot.com
Norwich Evening News | Pro triathlete Tamsin Lewis set to take part in Tri-Anglia's Norwich Triathlon Norwich Evening News News, sport, entertainment and community information for Norwich and Norfolk from the Norwich Evening News. |
Sunday, July 1, 2012
High-tech mail service raises $30M - Business First of Columbus:
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, which raised the capital from Siliconh Valley-based and existing investors, offers high-volume corporates mailers expedited delivery of mail and small packageewith first-class speed, online tracking, real-time analytics and customize reporting. MailExpress uses its nationwide processing and logisticx network to deliver mail and smalp parcels nationwide in three days two days for regionalservicd — leveraging the U.S. Postal Service for the “last of delivery. The MailExpress option fits betweejn courier services suchas UPS) and first-class USPS service, said Frans van managing partner at Logispring, a first-round investof in MailExpress.
“Something that has the track-and-trace, guaranteed van Schaik said, “without payinb $30 because you want it there next day.” New York-baser Logispring invested in MailExpress because itwas “fairly confidenf that the combination of the technology and the businesz model was really addressing a need that was largely van Schaik said. MailExpress CEO was not made available for an In a statement releasedFriday afternoon, Moss said in a statement: “We’re proudd of how far we’ve come and how fast we’ver grown since our initial funding in September of The company counts among its customers "morre than 90 blue chip in the pharmacy benefits management and e-commerce sectors, the statemenft read.
"With this additional infusion of we’re able to buile on these accomplishments by keeping our foot steadiluy on the accelerator as we continue to rapidly scale our Moss said. Menlo Park, Calif.-based Lightspeed Venture Partners manages morethan $2 billionj of capital commitments and closed an $800 millionj fund in early 2008. Portfolio companies includse and DoubleClick. MailExpress founders, the companh said, pioneered the expedited mail industryt inthe mid-1990s with SmartMail SmartMail, acquired by DHL Worldwide Network SA in 2004, now competeds with MailExpress. Atlanta-based UPS is a competitor, too.
Sincer launching in 2005, MailExpress has been on a growtjspurt — employment spiked from about 70 in 2006 to more than 400 last MailExpress, which serves retail, health care, financial servicexs and other industries, provides a customizefd mail service for large companies that want to send directy marketing pieces, annual brochures, pharmaceuticals and other A Web-based system, called OnTrack, automates and trackd the process and controls the processinhg centers. It then routes the mail to the USPS to bedelivereds locally.
MailExpress’ processing centers sort to more than 200 USPS facilitiews daily and deliver mail into its locaol market within 24 hoursz oforigination processing. The company said it scansw each piece of mail before it enters the mail stream and identifiesmisaddressed mail. Betweeb 2 percent and 4 percent of all mail is eitheer misroutedor undeliverable, which hurts cash flow and customer response, MailExpress citing industry estimates. A typical delay for a misroutexd first-class package is up to 21 “Our process detects misaddressed corrects it and upgrades its priority to meet the delivery time of one to five according tothe company’s Web site.
“This reduces costd for misrouted mail and ensures that servicw to your customer is not MailExpress also claims toreduce re-ship rate s for businesses and high-volumde shippers by up to 50 percent over the MaiExpress enables better productivity, through software and technology, said Page Siplon, director of the Georgiw Center of Innovation for Logistics. “Everyh letter or piece of marketinbg materialthat doesn’t get to a customer is wasted Siplon said. “If you’re not reaching your customers, you’ree not selling your products.
”
, which raised the capital from Siliconh Valley-based and existing investors, offers high-volume corporates mailers expedited delivery of mail and small packageewith first-class speed, online tracking, real-time analytics and customize reporting. MailExpress uses its nationwide processing and logisticx network to deliver mail and smalp parcels nationwide in three days two days for regionalservicd — leveraging the U.S. Postal Service for the “last of delivery. The MailExpress option fits betweejn courier services suchas UPS) and first-class USPS service, said Frans van managing partner at Logispring, a first-round investof in MailExpress.
“Something that has the track-and-trace, guaranteed van Schaik said, “without payinb $30 because you want it there next day.” New York-baser Logispring invested in MailExpress because itwas “fairly confidenf that the combination of the technology and the businesz model was really addressing a need that was largely van Schaik said. MailExpress CEO was not made available for an In a statement releasedFriday afternoon, Moss said in a statement: “We’re proudd of how far we’ve come and how fast we’ver grown since our initial funding in September of The company counts among its customers "morre than 90 blue chip in the pharmacy benefits management and e-commerce sectors, the statemenft read.
"With this additional infusion of we’re able to buile on these accomplishments by keeping our foot steadiluy on the accelerator as we continue to rapidly scale our Moss said. Menlo Park, Calif.-based Lightspeed Venture Partners manages morethan $2 billionj of capital commitments and closed an $800 millionj fund in early 2008. Portfolio companies includse and DoubleClick. MailExpress founders, the companh said, pioneered the expedited mail industryt inthe mid-1990s with SmartMail SmartMail, acquired by DHL Worldwide Network SA in 2004, now competeds with MailExpress. Atlanta-based UPS is a competitor, too.
Sincer launching in 2005, MailExpress has been on a growtjspurt — employment spiked from about 70 in 2006 to more than 400 last MailExpress, which serves retail, health care, financial servicexs and other industries, provides a customizefd mail service for large companies that want to send directy marketing pieces, annual brochures, pharmaceuticals and other A Web-based system, called OnTrack, automates and trackd the process and controls the processinhg centers. It then routes the mail to the USPS to bedelivereds locally.
MailExpress’ processing centers sort to more than 200 USPS facilitiews daily and deliver mail into its locaol market within 24 hoursz oforigination processing. The company said it scansw each piece of mail before it enters the mail stream and identifiesmisaddressed mail. Betweeb 2 percent and 4 percent of all mail is eitheer misroutedor undeliverable, which hurts cash flow and customer response, MailExpress citing industry estimates. A typical delay for a misroutexd first-class package is up to 21 “Our process detects misaddressed corrects it and upgrades its priority to meet the delivery time of one to five according tothe company’s Web site.
“This reduces costd for misrouted mail and ensures that servicw to your customer is not MailExpress also claims toreduce re-ship rate s for businesses and high-volumde shippers by up to 50 percent over the MaiExpress enables better productivity, through software and technology, said Page Siplon, director of the Georgiw Center of Innovation for Logistics. “Everyh letter or piece of marketinbg materialthat doesn’t get to a customer is wasted Siplon said. “If you’re not reaching your customers, you’ree not selling your products.
”
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