Tuesday, February 28, 2012

PETA wants PetSmart to stop live animal sales - Phoenix Business Journal:

http://centerstreetmortgage.com/?p=259
PETA owns 151 shareds of PetSmart (Nasdaq: PETM) and said it submittec a shareholder resolution that wants the firm tostudy “the feasibility of phasing out the sale of live to be voted on by shareholders. PETA contends that the companh is cruelto animals, does not train its employees in anima l care and harbors sick “Consumers care about animal As word of PetSmart’s routin mistreatment of animals the company’s stockholders need to get the said PETA Vice Presideng Daphna Nachminovitch in a statement. PetSmart Spokesman Brucee Richardson said PETA has targetesdthe Phoenix-based company before.
Richardsonn said the group has triedf twice to get a similar measure approved by stockholderzs in years past and failed both PetSmart has twoWichita locations.

Sunday, February 26, 2012

Global turmoil boosts Smith & Wesson sales - Memphis Business Journal:

http://www.iavias.com/2008/05/ffdshw-rev-1975-20080526/
The Springfield, Massachusetts gun maker SWHC) recently secured a rare ordet from the India Police Force after terrorista stormedMumbai hotels. With supporg from the U.S. Embassy in New Delhji and the , Smitbh & Wesson secured an export license and began shipping weaponsin June. In its fiscal fourth the company secured orders from severapl law enforcement agenciesin Mexico, whosre drug-related violence is on the The company on Monday said net salesw for the fourth quarter that ended Aprilk 30 surged 20 percent to $99.5 million comparede with the year-ago Net income during the quarter was $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaeo F. Golden said in a statemengt the results reflect a number of records for the including for cash levels and unfilled customer ordersfor

Friday, February 24, 2012

Two companies pull out of FutureGen - San Antonio Business Journal:

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-basedd Inc. and Atlanta-based , two of the nation’se largest emitters of carbon dioxide, told the Reuteres news service that they were pulling out ofthe alliance. Both companiesd pointed to concernsabout cost. St. Louis-basedd , however, said it is still involved withthe project. "Peabod remains a strong advocat e of FutureGen asa much-needed, high-profilse project to commercialize near-zeri emissions technologies," said Vic Peabody's senior vice president of investofr relations and communications, in a statement.
"Peabody is proud to be a foundinh member of the Alliance and will continue to collaborater with partners and the federal government to advance this project to thefinishh line." The FutureGen Alliance was once comprised 13 companies, a number that has changed severakl times, according to U.S. Sen. Dick Durbin, D-Ill., a major proponen of the project. “Th e alliance has lost and added new partners severap times since it was first formed and as the project evolvesz over the nextsix months, I believe the allianc will continue to grow in membership, in strength and in theit partnership with the ( ),” he said in a statement.
The proposed plant with the preliminary backing of the DOE and the allocatiojof $1 billion in stimuluws money. The alliance and President Barack Obama’s Energy Secretary, Stevemn Chu, this month to restart plan for preliminarydesign activities, finap cost estimate analysis and funding for the which stalled under the Bush administration. Durbin successfully pushed to in the federal stimulus package that could help pay forthe plant. He said he also securedf another $100 million in appropriations funding. The rest of the project’s price tag is expected to come from privat funding fromthe alliance’s member companies.
"The DOE's recent announcement to offefr funding support is generating renewed interesrt and enthusiasm inthe project, and we are continuing discussions with new potential partners," Svec said. Supporter say FutureGen woulsd and 150permanent jobs.

Tuesday, February 21, 2012

AAA: Gas up about $1/gallon since Jan. 1 - Atlanta Business Chronicle:

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According to the AAA New Mexico WeekenxdGas Watch, this week’s state averag is $2.59. The most expensive gas amonbg the states most populous cities can be founds in Santa Feat $2.57. Albuquerque and Las Crucews are the least expensivat $2.53. Nationally, gasoline is $2.509 a gallon, up 12 cents in a week and abouyt 45 cents inone month. Prices are still abouf a $1.40 below where they were on this date oneyear ago. “Tlo put the current prices into perspective, the averagse fill-up for a car with a 14 gallonb tankis $36,” said AAA New Mexiclo spokesman Dan Ronan.
“Motorists are paying between $12 and $15 a gallob more per tank than what were they just fivemonthxs ago, however, last summer that same tank of gas costas drivers nearly $56.” Analysts point to risiny oil and wholesale gas prices as the reason for the In late April, a barrell of oil cost $51 and now costws about $69. Commodities investors are bumping up crude oil and wholesale gasoline pricee because surveysshow there’s increasing optimism about the And even while gasoline and oil suppliesx remain abundant, some analysts believe supplie will tighten once the economy pickzs up momentum. •National $2.59 •New Mexico $2.59 •Texas $2.45 •Albuquerqus $2.
53 •Las Cruces $2.53 •Santa Fe Area $2.57 •Flagstaff $2.57 •Tucson (Ariz.) $2.32 •Denver (Colo.) $2.454 •Durango (Colo.) $2.65 •Las Vegas $2.58 •Amarillo (Tx.) $2.54 •El Paso (Tx.) $2.52

Sunday, February 19, 2012

Treasurys Retreat From Rally - Wall Street Journal

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Treasurys Retreat From Rally

Wall Street Journal


By MIN ZENG NEW YORKâ€"The recent bull run in the Treasury bond market hit a wall, stung by a batch of uplifting global manufacturing reports and optimism over nearness of a bond-swap deal to avoid a default by Greece. The twin factors gave a boost to ...



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Friday, February 17, 2012

New restaurant to fill shuttered Clubhouse at Lenox Square - Atlanta Business Chronicle:

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, owner of the upscale Buckhead mall, announced Frida it has signed an agreementwith Charleston, S.C.-based restaurateur . to open Lenoxz Square Grill laterthis fall. Lenox Square Grill will fill a major vacancy in a signaturre slot atLenox Square. The part of the country club-inspired restaurant chain originally foundee by celebrity investors Kevin Costner andJack Nicklaus, createe a void at Lenox Square’s front door when it closes last September. “We’ve seen such remarkable success from local restaurant operatorsin Atlanta,” Tishaw Maley, assistant vice president of leasingy for Simon Property Group, said in a statement.
“CentraArcht Restaurants is a great with proven concepts that really stand the test of time while maintaininh a loyal patronage from Atlanta diners. We’re looking forward to another strong partnership with CentraArchty and continuing that tradition with LenoxSquare Grill.” CentraArchy is the companty behind Tavern at Phippsd at Simon-owned Phipps Plaza. The 12,500-square-foot Lenox Squarer Grill will feature300 seats, a larg bar and ample outdoor seating It will be open for breakfast, lunch and dinner CentraArchy is also the parent company of New York California Dreaming, Joey D’s Oak Room.

Wednesday, February 15, 2012

DoctorSolve Thanks Customers But Encourages Vigilance After SOPA/PIPA Defeat - Houston Chronicle

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DoctorSolve Thanks Customers But Encourages Vigilance After SOPA/PIPA Defeat

Houston Chronicle


Following the Black Out Campaign on Wednesday, January 18th wherein Several Established Websites such as DoctorSolve, CIPA (Canadian International Pharmacy Association), and Even Wikipedia.com Restricted Access to their Sites to Protest the Stop Online ...



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Monday, February 13, 2012

Colonial BancGroup

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Lowder's retirement will become effective when Colonia l closesits $300 million with and othefr purchasers, or sooner following the appointmenft of a replacement, Colonial said in a The board of directors intends to name a replacemengt promptly, the release said. Lowder foundedx Colonial BancGroup (NYSE: CNB) in 1981 with the acquisition of one bankin Ala., that had $161 million in assets. Colonial, now headquarteredx in Montgomery, Ala., has since completed 68 acquisitions and has expander to 352 locations in five statez with morethan $26 billion in total assets. is among the largest banks in the Tamp a Bay area with50 offices, $2.8 billiob in deposits and a 3.
6 percenyt deposit market share, according to the most recent information available from the Lowder previously was chairman and chief executive of , a familyh owned holding company of mortgage, construction, real estate and insurancse companies. He also was founder and chairman of Colonial a company that owned radioi stations infour states.

Saturday, February 11, 2012

On the Brink - The Weekly Standard

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On the Brink

The Weekly Standard


One of the most extraordinary Yiddish writers was Pinhas Kaganovitch (1884-1950), better known under his pseudonym Der Nister (the hidden one). On the cusp of destruction he produced works of stunning psychological, stylistic, and metaphorical ...



Thursday, February 9, 2012

Concern voiced over funding for universities - DesMoinesRegister.com

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Concern voiced over funding for universities

DesMoinesRegister.com


A key House Republican on an education appropriations subcommittee Wednesday voiced skepticism about a requested $22 million state funding increase for public universities â€" a nearly 5 percent jump. Regent Bruce Rastetter of Alden, meanwhile, ...


Lawmakers quiz regents on tuition, budget

Iowa City Press Citizen



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Tuesday, February 7, 2012

Security Bank CFO leaving - Baltimore Business Journal:

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McLemore leaves July 13. Michael B. Smith, seniorf vice president and CFO of Security Bank of Bibb was namedinterim CFO. "Jim has been a valuerd member of the Security Bank management team for the pastsevenn years, and we wish him success in his new said Tony E. Collins, president and CEO, in a Macon-based Security Bank, Georgia’s fourth-largest bank with $2.8 billion in is under federalregulatory oversight. And Securityu Bank of Gwinnett County had the highest problem loan ratio of any Georgia bank in thefirsf quarter.
One-half of the bank’s $210 million loan portfolio is in some stage of delinquency or The bank is one of five owned by Security Bank that is underf a regulatory watchand undercapitalized. In a March Securities and ExchangeCommission filing, the auditot for Security Bank (NASDAQ: revealed doubts about the institution’s ability to survivre as a going concern. Auditor McNair, Mclemore, Middlebrookss & Co. LLP said it has “uncertainty about the [Security Bank's] ability to meet obligations cominv duein 2009.” The bank has roughly $300 millioh in total borrowed funds, accordingg to its annual report.
That figure is 45 percent higher thanthe bank’s $204 milliojn debt level in 2007. Security Bank trimmed its lossto $18.6 million in the first quarter and withdrew its application to participatwe in the TARP Capital Purchase Program.

Saturday, February 4, 2012

Moody

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Moody's downgraded Energy Future Holding's corporate family rating and probability ofdefault rating, while holdinf its speculative grade liquidity rating stable -- an actionm that shows the company has sufficient liquidity for the next four Moody’s said in a Dallas-based Energy Future Holdings Corp., a private energ company with subsidiaries that include , Onco r and , responded to the Moody’s report, saying the compangy continues to perform well in a difficult economic The Moody’s report said EFH’s corporat e family rating dropped due to concern about the company’s high businesws and operating risk profile, which is driven by “extreme amounts of leverage and limited financial Moody’s asserted.
EFH has about $37 billion of totap consolidated debt, which doesn't include Oncor debt. Oncor's ratings were unaffected. Moody'e added the company's ability to service the debt has been impactedr by current weak commodity amongother issues. Jim Hempstead, senior vice presidenf of Moody's elaborated on that saying: "EFH’sz business model does not appear to be sustainable overthe long-ternm horizon given it leverage, its debt servicee requirements, exposure to commodity prices and limited financial Lisa Singleton, a spokeswoman for Energy Futurse Holdings, said on Fridayy that the company has access to sufficienr liquidity and capital as detailed in its Dec.
31, public filing. She added that at the time of theDecemberf report, the company’s availablew liquidity stood at $4.5 billion. “We don’t have anything cominf due in thenear future,” Singleton added when askedc about payments due on lines of “We actually have very minimal debt maturities until after 2013.” Singleton also said Moody’s report references many externalp factors that are currently impacting a lot of companiess in today’s economy.

Thursday, February 2, 2012

Restaurant outlook dampens - The Business Journal of Milwaukee:

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A total of 60 percenf of operators saw lower May sales compared to ayear ago, while 26 percent said sales were up. The associatiom also says restaurant operators reported negative customer traffic levelsin May, the 21st consecutiver month of traffic declines. "Despitr the softer sales outlook, restauranf operators remained relatively optimistidc that the economy will improve in themonthsd ahead," the Association said. "Thirty-four percent of restauranf operators said they expect economicf conditions to improve in six down slightly from 37 percent who reportedd similarlylast month.
" After reaching a 10 monthu high last month, the group says restauranrt operators have scaled back plans for capital expenditures in the comingt months, with 41 percent planning to spend money on remodelinh or equipment, down from 46 percent last month.