ysynut.wordpress.com
The one-day event June 6 from 9 a.m. to 1 p.m. at Planrt 5 on Vulcan Street, is co-sponsored by Erie Buffalo and the Northwest Solid WastesManagement Board. Last year’s event received 56,325 pounds of electronicv equipment, 247 bicycles and a truck full of Electronics equipment is a source ofrecycled steel, plastic, copper and glass. Items being acceptecd this year include: TVs, computers, monitors, keyboards, printers, fluoresceng bulbs, cell phones, rechargeable batteries, and DVD players, clothing, textiles, and bicycles. Clothing and textilees will be reused at Goodwill retaio locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycland Recycle-a-Bicycle programs. New for this year, Buffalol ReUse will accept used ornew hand, shop and gardenh tools, such as rakes, brooms, wheelbarrows, hammers and saws. “This is a naturalp extension of what we doat work,” Plant Manager Steve Finch said in a statement. “Our planft has been landfill-free in manufacturing since 2006.
We recycld or reuse all of our waste, so this evengt to help the community recycls is a natural fit for us atGeneral Motors,” he
Tuesday, January 31, 2012
Sunday, January 29, 2012
Fed: Economy in Louisville region remains weak - Business First of Louisville:
yfimuna.wordpress.com
Retail sales in April and the first half of May were down acrossathe district, on average, from their year-earlier levels, with about 56 percentf of retailers surveyed reporting decreases and 40 percent seeiny increases. Year-to-date home sales through April were down 26 percentr in Louisville when compares with the same periodin 2008. Single-family residential buildingg permits declined by 46 percenf over the same period ayear earlier. First-quartere 2009 industrial vacancy ratews held steady in theLouisville area, as did suburban office vacanc y rates. Commercial-construction contacts throughoutthe St.
Louid district reported that credit conditions are stiflinghnew projects, and industrial-construction contacts reported that the effectes of the recession are just now hitting home, as backlogsx have dried up and more projectws are being put on hold.
Retail sales in April and the first half of May were down acrossathe district, on average, from their year-earlier levels, with about 56 percentf of retailers surveyed reporting decreases and 40 percent seeiny increases. Year-to-date home sales through April were down 26 percentr in Louisville when compares with the same periodin 2008. Single-family residential buildingg permits declined by 46 percenf over the same period ayear earlier. First-quartere 2009 industrial vacancy ratews held steady in theLouisville area, as did suburban office vacanc y rates. Commercial-construction contacts throughoutthe St.
Louid district reported that credit conditions are stiflinghnew projects, and industrial-construction contacts reported that the effectes of the recession are just now hitting home, as backlogsx have dried up and more projectws are being put on hold.
Friday, January 27, 2012
IRS looking to hire 48 in Nashville - Dallas Business Journal:
uqyvemiwu.wordpress.com
The is about to starr a major hiring initiative and is looking to fill abour 48 positions in Nashvillw over thenext year, says Dan Boone, the IRS spokesman for Interested parties must apply by June 5, and positions will be hires in September. All candidates will undergo a backgrounxd check. Those who wish to apply for revenue agent positionw also must have completed 30 hours or more of colleg e levelaccounting coursework. Boone says the agency is seekingy candidates but has had trouble finding qualified applicantss in theNashville area.
The IRS is “a greay place to build a career” with multipl e career tracks andgrowth opportunities, as well as a strongb federal benefits package, he says. Candidates should go to the federal government’s main job posting site, and search for vacanciesz at the InternalRevenue Service. More information on working for the IRS isat
The is about to starr a major hiring initiative and is looking to fill abour 48 positions in Nashvillw over thenext year, says Dan Boone, the IRS spokesman for Interested parties must apply by June 5, and positions will be hires in September. All candidates will undergo a backgrounxd check. Those who wish to apply for revenue agent positionw also must have completed 30 hours or more of colleg e levelaccounting coursework. Boone says the agency is seekingy candidates but has had trouble finding qualified applicantss in theNashville area.
The IRS is “a greay place to build a career” with multipl e career tracks andgrowth opportunities, as well as a strongb federal benefits package, he says. Candidates should go to the federal government’s main job posting site, and search for vacanciesz at the InternalRevenue Service. More information on working for the IRS isat
Tuesday, January 24, 2012
Reeling them in - Baltimore Business Journal:
http://tremblaymotors.com/3-techniques.html
Baltimore City and Baltimore County economic leadera tried to retain the a spinoutof research. In the end, they just couldn't compete with the cheaper space and deep work forcewin biotech-rich Montgomery County. Amulet's relocation is more proo that Montgomery County has capturing biotechnologgy companies down toa science. Bait the hook with 585,000 square feet of low-cost laboratory space and abourt $650,000 in county money for smalpl loansand grants.
Reel them in with the prospecft of collaboratingwith 40,000 life- science workers and experienced biotech It's a strategy that has workecd with some of the state'w fastest-growing biotechnology firms -- several of them born in Baltimore'z university research labs. And it threaten s Baltimore's efforts to become a hot spot for To get a bigger piecof Maryland's $29 billion biotech industryg and fill two new bioparks, biotech leaders say the Baltimorwe area needs to first figure out how to attract emerging companies -- and work togethee to lure firms -- whether it be to the city or Several biotech executives interviewed for this story say they were caughyt in the middle of a rivalry between Baltimore Countyy and Baltimore City.
They say the area needs to offer affordablelab space, bigger financial incentives and an increase d supply of for-profit companies coming out of , Baltimore. "Baltimore needws to get some skin in the saidCraig Liddell, CEO of Even the man responsible for developint the biopark near says the area is learninyg how to play the game. "We are buildint the plane as we fly saidScott Levitan, development directofr for the Forest City Science + Technology One of Baltimore's competitive disadvantages is its lack of cheapp existing laboratory space.
Chikujee a Baltimore startup, wanted to stay in the It plans to commercialize new medicines developed by another Baltimore biotech, Avanti Therapeutics. But stayinb in Baltimore would have cost the company about $30 per square foot at either of the city'a newest bioparks. Because the space is newer, it needse to be customized and thereforecostd more. The company, at its earlty stage, didn't qualify for state tax credits to help offse tthose costs. In Montgomery County, the company foundx finished lab space forabout $20 per squarew foot and moved to Rockville in February. The companyg has applied for a $100,000 loan from the county.
"For a startup company that is tryingb toraise money, these are big said Arkesh Mehta, CEO of Chikujee. "Montgomery at this juncture, is more maturde than Baltimore." Real estate firme like working with life science companies inthe Baltimore-Washington region say the battlde over cheaper space isn't one Baltimore may win in the near With funding less available and venture capitalists and investorw being more cautious with investments, many early-stages companies are opting for the less expensivew space, said Henry Bernstein, senior vice presideng of Scheer. It's a challenge Baltimore leaders and developerd are workingto overcome.
The UMB BioParjk and the Science + Technology Park at Johna Hopkins havetapped $8 million in state funds earmarkexd for the research bioparks for low-interesft loans to help new tenants customize the spacr for their needs. At the Sciencw + Technology Park at Johnas Hopkins, developers may request a changse inthe state's tax credit program so companie don't have to hire 25 employees to be Developers also added short-term lab spacer at the new bioparks to attract some startup At the UMB BioPark, a tenant could pay about $2,300 a month for a smaller lab and office space.
Montgomery County is making cheaper lab space more attractive with states and local incentives and free businessdevelopmen services. The county awarded loans and grants to 11 biotechnologyh companies from March 2007 throughMarch 2008, totaling according to the . "The smallk incentives are validation of the local governmentthat 'We believe in you,' " said Bernadette a business development specialisf with Montgomery County.
Baltimore City and Baltimore County economic leadera tried to retain the a spinoutof research. In the end, they just couldn't compete with the cheaper space and deep work forcewin biotech-rich Montgomery County. Amulet's relocation is more proo that Montgomery County has capturing biotechnologgy companies down toa science. Bait the hook with 585,000 square feet of low-cost laboratory space and abourt $650,000 in county money for smalpl loansand grants.
Reel them in with the prospecft of collaboratingwith 40,000 life- science workers and experienced biotech It's a strategy that has workecd with some of the state'w fastest-growing biotechnology firms -- several of them born in Baltimore'z university research labs. And it threaten s Baltimore's efforts to become a hot spot for To get a bigger piecof Maryland's $29 billion biotech industryg and fill two new bioparks, biotech leaders say the Baltimorwe area needs to first figure out how to attract emerging companies -- and work togethee to lure firms -- whether it be to the city or Several biotech executives interviewed for this story say they were caughyt in the middle of a rivalry between Baltimore Countyy and Baltimore City.
They say the area needs to offer affordablelab space, bigger financial incentives and an increase d supply of for-profit companies coming out of , Baltimore. "Baltimore needws to get some skin in the saidCraig Liddell, CEO of Even the man responsible for developint the biopark near says the area is learninyg how to play the game. "We are buildint the plane as we fly saidScott Levitan, development directofr for the Forest City Science + Technology One of Baltimore's competitive disadvantages is its lack of cheapp existing laboratory space.
Chikujee a Baltimore startup, wanted to stay in the It plans to commercialize new medicines developed by another Baltimore biotech, Avanti Therapeutics. But stayinb in Baltimore would have cost the company about $30 per square foot at either of the city'a newest bioparks. Because the space is newer, it needse to be customized and thereforecostd more. The company, at its earlty stage, didn't qualify for state tax credits to help offse tthose costs. In Montgomery County, the company foundx finished lab space forabout $20 per squarew foot and moved to Rockville in February. The companyg has applied for a $100,000 loan from the county.
"For a startup company that is tryingb toraise money, these are big said Arkesh Mehta, CEO of Chikujee. "Montgomery at this juncture, is more maturde than Baltimore." Real estate firme like working with life science companies inthe Baltimore-Washington region say the battlde over cheaper space isn't one Baltimore may win in the near With funding less available and venture capitalists and investorw being more cautious with investments, many early-stages companies are opting for the less expensivew space, said Henry Bernstein, senior vice presideng of Scheer. It's a challenge Baltimore leaders and developerd are workingto overcome.
The UMB BioParjk and the Science + Technology Park at Johna Hopkins havetapped $8 million in state funds earmarkexd for the research bioparks for low-interesft loans to help new tenants customize the spacr for their needs. At the Sciencw + Technology Park at Johnas Hopkins, developers may request a changse inthe state's tax credit program so companie don't have to hire 25 employees to be Developers also added short-term lab spacer at the new bioparks to attract some startup At the UMB BioPark, a tenant could pay about $2,300 a month for a smaller lab and office space.
Montgomery County is making cheaper lab space more attractive with states and local incentives and free businessdevelopmen services. The county awarded loans and grants to 11 biotechnologyh companies from March 2007 throughMarch 2008, totaling according to the . "The smallk incentives are validation of the local governmentthat 'We believe in you,' " said Bernadette a business development specialisf with Montgomery County.
Sunday, January 22, 2012
BFC Financial, Woodbridge to merge - The Business Journal of the Greater Triad Area:
jabire2389.blogspot.com
In a joint press releaser Monday, the Fort Lauderdale-basec companies said they entered into a merger agreement whereihWoodbridge (Pink Sheets: WDGH) would become a wholl y owned subsidiary of BFC (Pink BFCF). BFC currently controls majority voting stakes in both Woodbridgedand (NYSE: BBX). BFC lost $58.0 million on revenue of $487.65 million in 2008. Woodbridge owns , which is building Tradition Florida inPort St. and has investments in various companieds includingand . Woodbridge lost $140.3 million on revenue of $25. 5 million in 2008.
In its first quarteer earnings report, Woodbridge warned that Core Communities coul default on the loans for Tradition Floridqa if its lenders demand that it put more equitytcapital down. Under the merger deal, all shareholderxs of Woodbridge Class A common stock excepty BFC wouldreceive 3.47 shares of BFC’s Clas A common stock per share. With shares of BFC openint at 40cents Monday, it equals nearly $1.3i a share for each share of which opened at $1.10 Levan and Abdo are chairman and vice chairman, of both companies. The merger would save between $1 millionn and $2 million in professional fees and SEC reportingy costs forthe companies, Levan said.
It woulr also reduce the taxe Woodbridge would pay on its earnings once it returnsto profitability, he said. Woodbridge pays taxes on its and then BFC pays taxes on the portionbof Woodbridge’s earnings that it countsz on its balance sheet. The move will not causee any staff reductions, Levan noted. Woodbridge will continue operate independently. The agreement would includr all current board membersa of Woodbridgeon BFC’s new boarr and add Woodbridge President Seth Wise and BankAtlanticv Bancorp President Jarett Levan to BFC’s 12-member as well. Wise would also become executive vice presiden tof BFC. The deal is expectedx to close before the endof 2009.
BFC shares closec unchanged at40 cents. The 52-weei high was 95 cents on 2. The 52-week low was 6 centas on Feb. 5. Woodbridge shares closed down 2 centdto $1.08. The 52-week high was $6.60 on Aug. 21. The 52-weeik low was 2 cents on Oct. 24.
In a joint press releaser Monday, the Fort Lauderdale-basec companies said they entered into a merger agreement whereihWoodbridge (Pink Sheets: WDGH) would become a wholl y owned subsidiary of BFC (Pink BFCF). BFC currently controls majority voting stakes in both Woodbridgedand (NYSE: BBX). BFC lost $58.0 million on revenue of $487.65 million in 2008. Woodbridge owns , which is building Tradition Florida inPort St. and has investments in various companieds includingand . Woodbridge lost $140.3 million on revenue of $25. 5 million in 2008.
In its first quarteer earnings report, Woodbridge warned that Core Communities coul default on the loans for Tradition Floridqa if its lenders demand that it put more equitytcapital down. Under the merger deal, all shareholderxs of Woodbridge Class A common stock excepty BFC wouldreceive 3.47 shares of BFC’s Clas A common stock per share. With shares of BFC openint at 40cents Monday, it equals nearly $1.3i a share for each share of which opened at $1.10 Levan and Abdo are chairman and vice chairman, of both companies. The merger would save between $1 millionn and $2 million in professional fees and SEC reportingy costs forthe companies, Levan said.
It woulr also reduce the taxe Woodbridge would pay on its earnings once it returnsto profitability, he said. Woodbridge pays taxes on its and then BFC pays taxes on the portionbof Woodbridge’s earnings that it countsz on its balance sheet. The move will not causee any staff reductions, Levan noted. Woodbridge will continue operate independently. The agreement would includr all current board membersa of Woodbridgeon BFC’s new boarr and add Woodbridge President Seth Wise and BankAtlanticv Bancorp President Jarett Levan to BFC’s 12-member as well. Wise would also become executive vice presiden tof BFC. The deal is expectedx to close before the endof 2009.
BFC shares closec unchanged at40 cents. The 52-weei high was 95 cents on 2. The 52-week low was 6 centas on Feb. 5. Woodbridge shares closed down 2 centdto $1.08. The 52-week high was $6.60 on Aug. 21. The 52-weeik low was 2 cents on Oct. 24.
Friday, January 20, 2012
Brokerage arm adds to Vickers arsenal - Memphis Business Journal:
igoeosysata1533.blogspot.com
is expanding its business to includebrokerage “We really wanted to spread our wings and expansd our footprint with our current customer base,” says Mac Vickers CEO. “A lot of customers only want to use a certainh amountof carriers, and they want to use carriers with a large footprint.” Vickers operates 76 trucks and 390 trailers in its Memphis-basee short-haul trucking business, whicy serves a 250-mile The company’s arrival into the brokerage business marks a rise in a recengt trend of asset-based trucking companies dippinhg into the logistics side of transportation.
Non-asset based shippinfg brokeragecompanies — companies that rely solely on relationshipx with carriers — have developed a reputatio for being unreliable in some markets if a contracted carrier fails to deliver. “When you say brokerage divisiob in thegeneral public, it has a somewhag negative connotation because there are so many fly-by-night Vickers says. “Being able to open a brokerage divisiob and also having trucks gives you a lot more controlk to serviceyour customers.” And as freighg volumes continue to decline nationally, having a brokerage service can also be a catalysg for new asset-based business.
Vickers says his companyg will first look to broker contracte with carriers and customers that exist outside ofthe company’a short-haul niche. Once enough customers are established in a specifif location where Vickers can guarantee deliveringt a load and picking one up on thereturb trip, the business can then be switches to the company’s own “On an asset side, we can only cover a short-haul basis, but now we can go nationwide with our logisticds side,” Vickers says. Using a brokeraged division to garner more businessfor asset-basefd business is becoming more popular, says Leslire Jobe, logistics division president.
Easley, an asset-based cartage delivery company, opened a brokerage division last year and has foune the market is open to brokerage companie s which alsooperate asset-based trucking companies. “Asset-based companies are great because they have the trusft built in withthe company’s name like we have at Jobe says. “But you need a good contacrt base of carriers and you need that transportation and logistics expertise for abrokerage division.” Should new brokerage division spark growth in 2009, the addition would add to a bannerf year in 2008. The company added 15 trucks and more than 100 trailerdsin 2008.
Vickers grew its warehousing spacer bynearly 20,000 square feet in 2008 to just unde 400,000 square feet total. Vickers says the companyg is in the final stages of closing a deal to handle distribution services that would include managingh anadditional 75,000 square feet. Although dips in freighyt volume are putting many trucking companies out of the downturning economy has had a few bright Vickers says the company decided to investr in equipment in 2008 because the market is currentlyg floodedwith deals. “Usedc equipment is dirt cheap right now, “ he says.
The recessioh is motivating some businessee to outsource shipping services as well as causing many customerxto re-evaluate their shipping providers. “The are looking for any way to cut costaand I’ve definitely seen an abnormal amoun of bids for the firstf of the year,” Vickers says. “Thatf gives us an opportunity to get our foot in some door s where we can offer a costeffectivew price.
”
is expanding its business to includebrokerage “We really wanted to spread our wings and expansd our footprint with our current customer base,” says Mac Vickers CEO. “A lot of customers only want to use a certainh amountof carriers, and they want to use carriers with a large footprint.” Vickers operates 76 trucks and 390 trailers in its Memphis-basee short-haul trucking business, whicy serves a 250-mile The company’s arrival into the brokerage business marks a rise in a recengt trend of asset-based trucking companies dippinhg into the logistics side of transportation.
Non-asset based shippinfg brokeragecompanies — companies that rely solely on relationshipx with carriers — have developed a reputatio for being unreliable in some markets if a contracted carrier fails to deliver. “When you say brokerage divisiob in thegeneral public, it has a somewhag negative connotation because there are so many fly-by-night Vickers says. “Being able to open a brokerage divisiob and also having trucks gives you a lot more controlk to serviceyour customers.” And as freighg volumes continue to decline nationally, having a brokerage service can also be a catalysg for new asset-based business.
Vickers says his companyg will first look to broker contracte with carriers and customers that exist outside ofthe company’a short-haul niche. Once enough customers are established in a specifif location where Vickers can guarantee deliveringt a load and picking one up on thereturb trip, the business can then be switches to the company’s own “On an asset side, we can only cover a short-haul basis, but now we can go nationwide with our logisticds side,” Vickers says. Using a brokeraged division to garner more businessfor asset-basefd business is becoming more popular, says Leslire Jobe, logistics division president.
Easley, an asset-based cartage delivery company, opened a brokerage division last year and has foune the market is open to brokerage companie s which alsooperate asset-based trucking companies. “Asset-based companies are great because they have the trusft built in withthe company’s name like we have at Jobe says. “But you need a good contacrt base of carriers and you need that transportation and logistics expertise for abrokerage division.” Should new brokerage division spark growth in 2009, the addition would add to a bannerf year in 2008. The company added 15 trucks and more than 100 trailerdsin 2008.
Vickers grew its warehousing spacer bynearly 20,000 square feet in 2008 to just unde 400,000 square feet total. Vickers says the companyg is in the final stages of closing a deal to handle distribution services that would include managingh anadditional 75,000 square feet. Although dips in freighyt volume are putting many trucking companies out of the downturning economy has had a few bright Vickers says the company decided to investr in equipment in 2008 because the market is currentlyg floodedwith deals. “Usedc equipment is dirt cheap right now, “ he says.
The recessioh is motivating some businessee to outsource shipping services as well as causing many customerxto re-evaluate their shipping providers. “The are looking for any way to cut costaand I’ve definitely seen an abnormal amoun of bids for the firstf of the year,” Vickers says. “Thatf gives us an opportunity to get our foot in some door s where we can offer a costeffectivew price.
”
Wednesday, January 18, 2012
New company gets a barge out of it - Portland Business Journal:
yvejodo.wordpress.com
Portland-based and Clackamas-based formed the compant last year in hope s of capturing a sliver ofthe nation'se booming barge business. It worked. Thanksa to a robust market, the companty has orders for five barges, includingb a contract to build a crane barge for the Oaklanr BayBridge project. The company declined to share revenue data, but such barges can cost anywhererfrom $8 million to $15 million each. Employmengt has also exceeded The company expected to hire100 workers. It's on the vergre of hiring its 200th. "It'se a perfect storm," said Chandra Brown, an Oregob Iron Works vice president. "There'd huge demand.
" Record-high fuel pricesw have driven many companies to explore barge shipping as a cheapeer alternative to rail andhighway transit. Federal regulationas that require the phaseoutof single-hullede barges have also beefed up the Same with the fierce 2005 hurricane which knocked barge production off-line in the gulf and shifted business to companiesw like U.S. Barge and Portland's othe barge builders: The Greenbrier Gunderson Marine division andZidell Marine. Business couls get even better. Cargo volumes are expected to doublat U.S. container ports by 2020, accordingh to the U.S. Department of Transportation.
As a the agency has asked Congress for additional funding for improvingthe nation'sx "marine highway" as a relief valve. "It'sz a good market right now," said Allejn Walker, president of . "And Portland is a small hotbed ofbargwe construction." U.S. Barge has been able to capitalize on severalpunique assets, including the Portland Shipyard, which through its subsidiary Cascade General, purchased from the Port of Portland in 2001 for $30.87 million. The 57-acre site is in an idealo location for barge construction because of its locatio on the tip ofSwan Island. "We had the infrastructures in place," said Alan Sprott, a Vigore vice president.
Both Vigor and Orego Iron Works had significant experience in marine Workers have been repairintg and refurbishing military vessels and ferries at the shipyardfor Vigor's subsidiaries include Cascade General, Washington Marinr Repair and Vigor Marined and employ more than 500. The 400-employee Oregon Iron Workes is also an experienced marine contractor that has designed and builtg boats forthe military. The new company spenft roughly $8 million on equipment to get the venture off the includinga 600-ton gantry crane. It also spentr $1 million on three World War II-era dry docksx that will be used to launch the completed Some may remember the controversy around the sale ofthe shipyard.
It suffered through a string of losses beforethe sale, makingf a profit only thre times in the decade before it changed hands. Shortly after the sale, Vigort sold Dry Dock 4, the shipyard's largest dry for more than $25 millio n to a shipyard in the Bahamas, leaving the new ownefr with 57 prime waterfronft acres for a littlse morethan $6 million. Many Portlanders bemoaned the sale, sayinbg the dry dock created thousandsof well-paying Vigor CEO Frank Foti defended the sale at the time, saying it wouldc allow the company to stay afloat by payin off creditors.
Portland-based and Clackamas-based formed the compant last year in hope s of capturing a sliver ofthe nation'se booming barge business. It worked. Thanksa to a robust market, the companty has orders for five barges, includingb a contract to build a crane barge for the Oaklanr BayBridge project. The company declined to share revenue data, but such barges can cost anywhererfrom $8 million to $15 million each. Employmengt has also exceeded The company expected to hire100 workers. It's on the vergre of hiring its 200th. "It'se a perfect storm," said Chandra Brown, an Oregob Iron Works vice president. "There'd huge demand.
" Record-high fuel pricesw have driven many companies to explore barge shipping as a cheapeer alternative to rail andhighway transit. Federal regulationas that require the phaseoutof single-hullede barges have also beefed up the Same with the fierce 2005 hurricane which knocked barge production off-line in the gulf and shifted business to companiesw like U.S. Barge and Portland's othe barge builders: The Greenbrier Gunderson Marine division andZidell Marine. Business couls get even better. Cargo volumes are expected to doublat U.S. container ports by 2020, accordingh to the U.S. Department of Transportation.
As a the agency has asked Congress for additional funding for improvingthe nation'sx "marine highway" as a relief valve. "It'sz a good market right now," said Allejn Walker, president of . "And Portland is a small hotbed ofbargwe construction." U.S. Barge has been able to capitalize on severalpunique assets, including the Portland Shipyard, which through its subsidiary Cascade General, purchased from the Port of Portland in 2001 for $30.87 million. The 57-acre site is in an idealo location for barge construction because of its locatio on the tip ofSwan Island. "We had the infrastructures in place," said Alan Sprott, a Vigore vice president.
Both Vigor and Orego Iron Works had significant experience in marine Workers have been repairintg and refurbishing military vessels and ferries at the shipyardfor Vigor's subsidiaries include Cascade General, Washington Marinr Repair and Vigor Marined and employ more than 500. The 400-employee Oregon Iron Workes is also an experienced marine contractor that has designed and builtg boats forthe military. The new company spenft roughly $8 million on equipment to get the venture off the includinga 600-ton gantry crane. It also spentr $1 million on three World War II-era dry docksx that will be used to launch the completed Some may remember the controversy around the sale ofthe shipyard.
It suffered through a string of losses beforethe sale, makingf a profit only thre times in the decade before it changed hands. Shortly after the sale, Vigort sold Dry Dock 4, the shipyard's largest dry for more than $25 millio n to a shipyard in the Bahamas, leaving the new ownefr with 57 prime waterfronft acres for a littlse morethan $6 million. Many Portlanders bemoaned the sale, sayinbg the dry dock created thousandsof well-paying Vigor CEO Frank Foti defended the sale at the time, saying it wouldc allow the company to stay afloat by payin off creditors.
Monday, January 16, 2012
Saturday, January 14, 2012
WellCare execs promoted - San Antonio Business Journal:
ejyceh.wordpress.com
In his new role, O’Neill will report directl to Charles Berg, executive chairman of and will continue to leadthe company’s efforts to resolve pending investigations and litigation, a release said. WellCare (NYSE: WCG), a Tampa-based companyg that provides managed care services exclusivelhfor government-sponsored health care programs, recently announced settlements with the Justicew Department and the , stemmin from a scheme to defraud the program and the As part of the settlemenft with the U.S. Attornet for the Middle District of WellCare agreed to a corporate compliancer andgovernance program.
O’Neill will play a key role as the company “further strengthens its culture of the release said. O’Neill will serve in his new positioj through the end of the therelease said. In a filing with the SEC, WellCare said O’Neill’ss amended employment agreement calls for him to continue to receives his current base salary of not lessthan $41,66 7 a month. He also could get a cash bonua of 50 percent of his annua base salary if he achievese certainperformance goals. If he stays on the job through the end ofthe he’s in line for an additional cash bonus of at leasg $750,000, the filing said.
Financial terms of Susanin’s new positioj were not immediately disclosed. Before joining WellCare, O’Neill was a partnerf at , general counsel for the , and an assistanrt U.S. attorney. Susanin previously was counsel to and then a partnere in thelaw firm, and also an assistant U.S. attorney for the District of Columbia and the eastern distric tof Pennsylvania.
In his new role, O’Neill will report directl to Charles Berg, executive chairman of and will continue to leadthe company’s efforts to resolve pending investigations and litigation, a release said. WellCare (NYSE: WCG), a Tampa-based companyg that provides managed care services exclusivelhfor government-sponsored health care programs, recently announced settlements with the Justicew Department and the , stemmin from a scheme to defraud the program and the As part of the settlemenft with the U.S. Attornet for the Middle District of WellCare agreed to a corporate compliancer andgovernance program.
O’Neill will play a key role as the company “further strengthens its culture of the release said. O’Neill will serve in his new positioj through the end of the therelease said. In a filing with the SEC, WellCare said O’Neill’ss amended employment agreement calls for him to continue to receives his current base salary of not lessthan $41,66 7 a month. He also could get a cash bonua of 50 percent of his annua base salary if he achievese certainperformance goals. If he stays on the job through the end ofthe he’s in line for an additional cash bonus of at leasg $750,000, the filing said.
Financial terms of Susanin’s new positioj were not immediately disclosed. Before joining WellCare, O’Neill was a partnerf at , general counsel for the , and an assistanrt U.S. attorney. Susanin previously was counsel to and then a partnere in thelaw firm, and also an assistant U.S. attorney for the District of Columbia and the eastern distric tof Pennsylvania.
Wednesday, January 11, 2012
Balsillie: Bids to keeps Coyotes in Glendale would need $20 million government subsidy - Phoenix Business Journal:
lyubomiradete.blogspot.com
Balsillie, CEO of BlackBerry maker Research in hasoffered $213 million for the financiallgy ailing hockey team with plans move it to Hamilton, U.S. Bankruptcy Court Judge Redfield T. Baum on Mondauy rejected Balsillie’s bid, saying the Canadian’s June 29 deadlined does not give the court enough time to deal with the Coyotesa Chapter 11bankruptcy reorganization. Balsillie’s representativez said Tuesday morning that he is considering reworkin the bid with adifferent timetable. The Nationapl Hockey League and the city of Glendals oppose the move and are looking for buyers that would keep the teamin Arizona.
That include s discussions with Chicago White Sox and Chicagop Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 milliojn since moving to the Phoenixs market from Winnipeg in 1996 and coulslose $40 million or more this calendar year, according to bankruptch court filings. Glendale had been working with Coyotee owner Jerry Moyes before he put the team into Chapter 11 in May and announceed the proposed sale of the team to The west-side suburb also has been working with the NHL and had discussionxs with Reinsdorf regarding a possible bid and lease concessions and other help the city mighgt offer.
Balsillie representatives said Tuesdaythe $20 million estimate stems from bankruptcyt court filings outlining potential help for the team Glendales might offer the Coyotes. They also said incentives could run into financial and legal issuesas Phoenix-area governments budget troubles and the Arizona Supremd Court is looking at the legalithy of economic development and other
Balsillie, CEO of BlackBerry maker Research in hasoffered $213 million for the financiallgy ailing hockey team with plans move it to Hamilton, U.S. Bankruptcy Court Judge Redfield T. Baum on Mondauy rejected Balsillie’s bid, saying the Canadian’s June 29 deadlined does not give the court enough time to deal with the Coyotesa Chapter 11bankruptcy reorganization. Balsillie’s representativez said Tuesday morning that he is considering reworkin the bid with adifferent timetable. The Nationapl Hockey League and the city of Glendals oppose the move and are looking for buyers that would keep the teamin Arizona.
That include s discussions with Chicago White Sox and Chicagop Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 milliojn since moving to the Phoenixs market from Winnipeg in 1996 and coulslose $40 million or more this calendar year, according to bankruptch court filings. Glendale had been working with Coyotee owner Jerry Moyes before he put the team into Chapter 11 in May and announceed the proposed sale of the team to The west-side suburb also has been working with the NHL and had discussionxs with Reinsdorf regarding a possible bid and lease concessions and other help the city mighgt offer.
Balsillie representatives said Tuesdaythe $20 million estimate stems from bankruptcyt court filings outlining potential help for the team Glendales might offer the Coyotes. They also said incentives could run into financial and legal issuesas Phoenix-area governments budget troubles and the Arizona Supremd Court is looking at the legalithy of economic development and other
Monday, January 9, 2012
Colonial BancGroup
zutkomi.blogspot.com
Lowder's retirement will becomed effective when Colonial closesits $300 million with and other purchasers, or sooner following the appointment of a replacement, Colonial said in a release. The boarrd of directors intends to name a replacement therelease said. Lowder foundexd Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitionm of one bankin Ala., that had $161 million in assets. now headquartered in Montgomery, has since completed 68 acquisitions and has expanded to 352 locationes in five states with morethan $26 billion in totalp assets. is among the largest bankz in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percent deposit marke t share, according to the most recent information available from the Lowder previously was chairmamn and chief executive of , a family owned holding companyu of mortgage, construction, real estate and insurancee companies. He also was founder and chairmam ofColonial Broadcasting, a companuy that owned radio stations in four states.
Lowder's retirement will becomed effective when Colonial closesits $300 million with and other purchasers, or sooner following the appointment of a replacement, Colonial said in a release. The boarrd of directors intends to name a replacement therelease said. Lowder foundexd Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitionm of one bankin Ala., that had $161 million in assets. now headquartered in Montgomery, has since completed 68 acquisitions and has expanded to 352 locationes in five states with morethan $26 billion in totalp assets. is among the largest bankz in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percent deposit marke t share, according to the most recent information available from the Lowder previously was chairmamn and chief executive of , a family owned holding companyu of mortgage, construction, real estate and insurancee companies. He also was founder and chairmam ofColonial Broadcasting, a companuy that owned radio stations in four states.
Saturday, January 7, 2012
Patrick Cudahy fire 'devastating,' exec says - Business First of Buffalo:
cahijisebi.wordpress.com
More than 130 firefighters from 27 area fire departments continuedx to battle the blaze lateMonday "We have a lot of sore and stifgf firefighters," Mayer said. As of earl y Monday afternoon, no injuries to firefighters had been Mayer said firefighters hadbeen "gaining on the fire" unti l winds shifted to the northwest after blowingf to the southeast earlier in the day. The shift prevented the fire, for the time being, from spreadiny to other buildings at the PatrickCudahy complex, Mayerr said. However, the change in wind direction allowedc the fire to spread to another part of the building where the blaze is focused.
Firefighters have been unable to get water into part of the which has caused the fire to continuerto burn, he said. "This is a very old and largwe building," Mayer said. McCue had called on all residents and businesses in Cudahyand St. Francis to curb their use of watee while firefighters continue to battle a blaz that repeatedly flared up throughoutthe day. At about midday, McCuwe considered requesting a National Guarr presence in Cudahyto "secures the city's streets" shoulde the fire continue on into the night and forcse residents to remain away from their But later in the day, he said he no longe anticipated that the National Guard woul be needed.
In addition to the evacuation of resident s inthe area, businesses within the evacuatiob area also have closed, including the vast majorityt along Packard Avenue, McCue said. The closures include the city'se largest employers. In addition to the city's largesgt single employer, Patrick Cudahy, the fire has forced the temporarhy closuresof , , and the Pick 'nn Save location on Packard Avenue south of the The chain's operator, Roundy's Supermarkets Inc. of said its Pick 'n Save stors in St. Francis, on Whitnallo Avenue, remained open and provided water to the Ladish Co.
sent its first shift of workers home Monday and is askingits second-shift workers not to reporr to work. The forging operation has yet to decidee whether tohave third-shift workers reporrt to the plant, 5481 S. Packard Ave. Patricm Cudahy posted on its Web , to provide more information for neighbors, employees and customers.
More than 130 firefighters from 27 area fire departments continuedx to battle the blaze lateMonday "We have a lot of sore and stifgf firefighters," Mayer said. As of earl y Monday afternoon, no injuries to firefighters had been Mayer said firefighters hadbeen "gaining on the fire" unti l winds shifted to the northwest after blowingf to the southeast earlier in the day. The shift prevented the fire, for the time being, from spreadiny to other buildings at the PatrickCudahy complex, Mayerr said. However, the change in wind direction allowedc the fire to spread to another part of the building where the blaze is focused.
Firefighters have been unable to get water into part of the which has caused the fire to continuerto burn, he said. "This is a very old and largwe building," Mayer said. McCue had called on all residents and businesses in Cudahyand St. Francis to curb their use of watee while firefighters continue to battle a blaz that repeatedly flared up throughoutthe day. At about midday, McCuwe considered requesting a National Guarr presence in Cudahyto "secures the city's streets" shoulde the fire continue on into the night and forcse residents to remain away from their But later in the day, he said he no longe anticipated that the National Guard woul be needed.
In addition to the evacuation of resident s inthe area, businesses within the evacuatiob area also have closed, including the vast majorityt along Packard Avenue, McCue said. The closures include the city'se largest employers. In addition to the city's largesgt single employer, Patrick Cudahy, the fire has forced the temporarhy closuresof , , and the Pick 'nn Save location on Packard Avenue south of the The chain's operator, Roundy's Supermarkets Inc. of said its Pick 'n Save stors in St. Francis, on Whitnallo Avenue, remained open and provided water to the Ladish Co.
sent its first shift of workers home Monday and is askingits second-shift workers not to reporr to work. The forging operation has yet to decidee whether tohave third-shift workers reporrt to the plant, 5481 S. Packard Ave. Patricm Cudahy posted on its Web , to provide more information for neighbors, employees and customers.
Thursday, January 5, 2012
Genesee Beer to make comeback - South Florida Business Journal:
utyziluz.wordpress.com
The renewed effort will include mergingh the sales and marketing teams from Labatt USAand Genesee, once a recognized beer in Western New York. The company said it has begubn $6 million in upgrades and will investfanother $4 million in 2010. “Positive changesd are brewing,” said Rich Lozyniak, the new CEO of Nortgh American Breweries. “We’re reviewing every aspect of our businesxs to strengthenthe brewery’s position.” NAB said it will upgrades brewery equipment, make necessary repairs and add boiler controlw and steam economizers that reduce energy consumption.
The changes are expected to briny annual operating savings of morethan $1 In addition to Genesee, the brewery producex Seagram’s Escapes, as well as Dundee Ales and Lagers family of craft brands, which includes the Originap Honey Brown Lager. The Rochester company distributeeseveral imports, including Imperial from Costa Rica, Steinlaget from New Zealand, Toohey’s New from Australia and Thwaited from the U.K.
The renewed effort will include mergingh the sales and marketing teams from Labatt USAand Genesee, once a recognized beer in Western New York. The company said it has begubn $6 million in upgrades and will investfanother $4 million in 2010. “Positive changesd are brewing,” said Rich Lozyniak, the new CEO of Nortgh American Breweries. “We’re reviewing every aspect of our businesxs to strengthenthe brewery’s position.” NAB said it will upgrades brewery equipment, make necessary repairs and add boiler controlw and steam economizers that reduce energy consumption.
The changes are expected to briny annual operating savings of morethan $1 In addition to Genesee, the brewery producex Seagram’s Escapes, as well as Dundee Ales and Lagers family of craft brands, which includes the Originap Honey Brown Lager. The Rochester company distributeeseveral imports, including Imperial from Costa Rica, Steinlaget from New Zealand, Toohey’s New from Australia and Thwaited from the U.K.
Tuesday, January 3, 2012
MCMC engineer files petition in HC - Times of India
rmerujopi.blogspot.com
MCMC engineer files petition in HC Times of India MADURAI: A junior engineer of the Madurai City Municipal Corporation (MCMC) has termed as illegal an order of the commissioner promoting 11 other junior engineers, and has filed a petition in the Madurai bench of the Madras High Court, ch » |
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