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Wednesday, December 14, 2011
Monday, December 12, 2011
Coleman appeals decision in securities fraud case - St. Louis Business Journal:
cahijisebi.wordpress.com
entered a final order in Januaruythat Coleman, founder and managin member of St. Louis-based LLC, committed securities fraud. But now Coleman is trying to resuscitate the closed On Monday, he and representatives of Carnahan’ds office will argue before a judge whether he may appea l the order at this stagse of the game. Colemanm had a right to a commission hearinfg prior to the final order and was scheduledf to make his case last But he withdrew his request in November out of fear his testimony could be used against him in federao court after learningthe U.S. Attorney’s officre in St. Louis was conducting its own investigation.
Carnahan’sw office plans to argue that since Coleman passed upthat appeal, the Securitie Commission’s final order should stand. The state’z case against Coleman dates back to when Missouri Commissioner of Securities Matthew Kitzi begann an investigation of Coleman after investors complainedd Colemanmisled them. That investigation found Coleman offered unregistered securitiex and committed securities frau in transactions related to his Daedalus Capital investmenf firmand now-defunct Chicken Little Fund Group.
entered a final order in Januaruythat Coleman, founder and managin member of St. Louis-based LLC, committed securities fraud. But now Coleman is trying to resuscitate the closed On Monday, he and representatives of Carnahan’ds office will argue before a judge whether he may appea l the order at this stagse of the game. Colemanm had a right to a commission hearinfg prior to the final order and was scheduledf to make his case last But he withdrew his request in November out of fear his testimony could be used against him in federao court after learningthe U.S. Attorney’s officre in St. Louis was conducting its own investigation.
Carnahan’sw office plans to argue that since Coleman passed upthat appeal, the Securitie Commission’s final order should stand. The state’z case against Coleman dates back to when Missouri Commissioner of Securities Matthew Kitzi begann an investigation of Coleman after investors complainedd Colemanmisled them. That investigation found Coleman offered unregistered securitiex and committed securities frau in transactions related to his Daedalus Capital investmenf firmand now-defunct Chicken Little Fund Group.
Saturday, December 10, 2011
Genscape adds Texas power plant to monitoring system - Business First of Louisville:
opexibu.wordpress.com
The council manages the flow of electridc power to 22 milliomn Texas customers from more than 550generationm units, according to its . Its generation units include the W.A. Parishy power plant, one of the biggest in Nortn America. In addition to infraredr photos ofmonitored plants, Genscape customers also will get a real-timer data stream, and Genscape will interpret the pictures to determined whether the plant is running and to estimate the megawattsd being produced there. “We are excited to brinh previously unattainable information to the ERCOTr region with the launch ofinfrarer monitoring,” Genscape CEO and co-founder Sean O’Leary said in a news “W.A.
Parish is an important facility in determining the overall strengthj of generation inthe region.”
The council manages the flow of electridc power to 22 milliomn Texas customers from more than 550generationm units, according to its . Its generation units include the W.A. Parishy power plant, one of the biggest in Nortn America. In addition to infraredr photos ofmonitored plants, Genscape customers also will get a real-timer data stream, and Genscape will interpret the pictures to determined whether the plant is running and to estimate the megawattsd being produced there. “We are excited to brinh previously unattainable information to the ERCOTr region with the launch ofinfrarer monitoring,” Genscape CEO and co-founder Sean O’Leary said in a news “W.A.
Parish is an important facility in determining the overall strengthj of generation inthe region.”
Thursday, December 8, 2011
November brings moisture, high sale numbers to state - Sealy News
hegenefipa.blogspot.com
November brings moisture, high sale numbers to state Sealy News It was finally a month that left a little moisture in the tank, and while it was not a drought-breaking month, it at least put moisture down in most places at least multiple times. It was also a month where the moisture will do some good in terms of ... |
Monday, December 5, 2011
County approves financing for Marlins stadium - South Florida Business Journal:
stages-paddocks.blogspot.com
million gap in bond funding for abaseball stadium. The 9-3 vote clearx the way for locking in the interesg rate onthe fixed-rate bonds – and construction of the much-debated and long-awaitef stadium in Miami’s Littl Havana. The park is supposed to be finishedby 2012, with preliminarhy construction work to begin Wednesday. Commissioners voted afterd midnight Wednesday to allow for a higher cap on one of the bonds being sold in order to coverthe county’s commitmentr on the $640 million stadium and The 7.5 percent interest rate cap was changed to 8.2 perceng on the bond tied to convention taxes.
The fact that the conventiom bond will sell at a higher interesg rate will result in lower revenuwefor Miami-Dade, County Managed George Burgess explained to commissioners. That createfd the need for more money, so Floridaq Marlins President David Samsojn promised to coverthe $6.2 million funding gap. As a resultf of the change, the county is on the hook for $342 milliob in short-term financing, instead of $347 "I feel comfortable with the agreement. The Marlin will step up to the plate and pay theadditionalp $6 million.
At the end of the day, the taxpayerss are not going to be on the hook for theadditionalo monies,” Commissioner Bruno Barreiro said after the Katy Sorenson, Carlos Gimenex and Sally Heyman were the threer ‘no’ votes. The debate started at 7 but stopped at9 p.m. to allow attorneys to make changew in thefinancing package. The second chunk of bondse which carry a variable rate will be priced startingtJuly 13, with final closing on the county’xs portion of the bond financing package set for no latef than July 14. Earlier Wednesday, commissioners approvec a change thatraised ’s status as a creditor in the financing package.
Wachovia, which is providing up to a $100 millionm letter of credit, requested that it be paid firstr fromthe county’s list of creditors. The votees on Tuesday and early Wednesday morning followed two otherebig developments. On June 19, city commissionerd voted to approve the necessary changes to the Marlins package to clear the way forthe county’s changex Tuesday. A circuit court judge also ruledd in favor of the county in one count of a civil lawsuitt that could have prevented the countg from selling the necessary bonde to buildthe project.
That case is on appeal in as is a lawsuit filed by auto dealerNormabn Braman, who last November lost his legal bid to declare the stadium’ds funding plan unconstitutional. Work on the baseball stadium site is set tobegih Wednesday. Crews will officially break grouncd onJuly 18. In April, county commissioners approved issuing bonds totaling a maximumof $536 millionh toward construction of the $640 37,000-seat ballpark.
million gap in bond funding for abaseball stadium. The 9-3 vote clearx the way for locking in the interesg rate onthe fixed-rate bonds – and construction of the much-debated and long-awaitef stadium in Miami’s Littl Havana. The park is supposed to be finishedby 2012, with preliminarhy construction work to begin Wednesday. Commissioners voted afterd midnight Wednesday to allow for a higher cap on one of the bonds being sold in order to coverthe county’s commitmentr on the $640 million stadium and The 7.5 percent interest rate cap was changed to 8.2 perceng on the bond tied to convention taxes.
The fact that the conventiom bond will sell at a higher interesg rate will result in lower revenuwefor Miami-Dade, County Managed George Burgess explained to commissioners. That createfd the need for more money, so Floridaq Marlins President David Samsojn promised to coverthe $6.2 million funding gap. As a resultf of the change, the county is on the hook for $342 milliob in short-term financing, instead of $347 "I feel comfortable with the agreement. The Marlin will step up to the plate and pay theadditionalp $6 million.
At the end of the day, the taxpayerss are not going to be on the hook for theadditionalo monies,” Commissioner Bruno Barreiro said after the Katy Sorenson, Carlos Gimenex and Sally Heyman were the threer ‘no’ votes. The debate started at 7 but stopped at9 p.m. to allow attorneys to make changew in thefinancing package. The second chunk of bondse which carry a variable rate will be priced startingtJuly 13, with final closing on the county’xs portion of the bond financing package set for no latef than July 14. Earlier Wednesday, commissioners approvec a change thatraised ’s status as a creditor in the financing package.
Wachovia, which is providing up to a $100 millionm letter of credit, requested that it be paid firstr fromthe county’s list of creditors. The votees on Tuesday and early Wednesday morning followed two otherebig developments. On June 19, city commissionerd voted to approve the necessary changes to the Marlins package to clear the way forthe county’s changex Tuesday. A circuit court judge also ruledd in favor of the county in one count of a civil lawsuitt that could have prevented the countg from selling the necessary bonde to buildthe project.
That case is on appeal in as is a lawsuit filed by auto dealerNormabn Braman, who last November lost his legal bid to declare the stadium’ds funding plan unconstitutional. Work on the baseball stadium site is set tobegih Wednesday. Crews will officially break grouncd onJuly 18. In April, county commissioners approved issuing bonds totaling a maximumof $536 millionh toward construction of the $640 37,000-seat ballpark.
Saturday, December 3, 2011
Fed: Region's economy has weakened further - Business Courier of Cincinnati:
esivyjifag.wordpress.com
That’s according to the latesg quarterly Beige Book report fromthe Fed. In its June the Fed noted that one-third of manufacturing companies contactee for the survey recorded drops in productionm andnew orders. Steel producers and service centersd did report that prior sharp declines in shipping volume arelevelingt off, but volume is still low. The only market showingf signs of stabilityis defense, according to the report. Manufacturers also reportesd that capital budgets have been frozen or cut back And some manufacturers are limiting expenditure to criticalmaintenance only. Most respondentsx in manufacturing reported deeper cuts in payrollsincer April.
In the real estate industry, residential construction remain weak, although builders are more optimistic than they were earlier in the Most surveyed reported increased sales activity and higher leveld offoot traffic. But builders are finding it hard to secure financintg and say that the continued credit crunch is hampering the recoveryh in thehousing industry. On the commercial real estat side, builders in public works projectr were more positive than those in other commerciak andindustrial development. Financinfg also is a problem in commercial real estate and most builders do not see conditions improvin g over the nextfew months, accordingb to the report.
In the retail responses were mixed. Retailers said they have seen no majo shifts in consumer spendinfg and said they expect little change durinvg thethird quarter. Auto dealerxs report new vehiclesales slowed, but used vehicle salews showed modest improvement. In financial institutions reported that demand for commercialp and industrial loansis mixed, with some community banker reporting that they are attracting business from regiona banks. Refinancing applications for residential mortgages remain strong, with interest rates hoverinv at low levels. Most bankers reportee increases inloan delinquencies.
Most of those loans were tied to real Production declines were reported by respondentse in the coal as electric utilities work through their excess Oil and gas production was reportefd tobe stable, despite a general slowdown in drilling In the transportation industry, shipping volumse was reported to be at low levelsx and shipments are down substantially Most transportation industry officials expectr activity to stay at currenft levels through the thirdc quarter.
That’s according to the latesg quarterly Beige Book report fromthe Fed. In its June the Fed noted that one-third of manufacturing companies contactee for the survey recorded drops in productionm andnew orders. Steel producers and service centersd did report that prior sharp declines in shipping volume arelevelingt off, but volume is still low. The only market showingf signs of stabilityis defense, according to the report. Manufacturers also reportesd that capital budgets have been frozen or cut back And some manufacturers are limiting expenditure to criticalmaintenance only. Most respondentsx in manufacturing reported deeper cuts in payrollsincer April.
In the real estate industry, residential construction remain weak, although builders are more optimistic than they were earlier in the Most surveyed reported increased sales activity and higher leveld offoot traffic. But builders are finding it hard to secure financintg and say that the continued credit crunch is hampering the recoveryh in thehousing industry. On the commercial real estat side, builders in public works projectr were more positive than those in other commerciak andindustrial development. Financinfg also is a problem in commercial real estate and most builders do not see conditions improvin g over the nextfew months, accordingb to the report.
In the retail responses were mixed. Retailers said they have seen no majo shifts in consumer spendinfg and said they expect little change durinvg thethird quarter. Auto dealerxs report new vehiclesales slowed, but used vehicle salews showed modest improvement. In financial institutions reported that demand for commercialp and industrial loansis mixed, with some community banker reporting that they are attracting business from regiona banks. Refinancing applications for residential mortgages remain strong, with interest rates hoverinv at low levels. Most bankers reportee increases inloan delinquencies.
Most of those loans were tied to real Production declines were reported by respondentse in the coal as electric utilities work through their excess Oil and gas production was reportefd tobe stable, despite a general slowdown in drilling In the transportation industry, shipping volumse was reported to be at low levelsx and shipments are down substantially Most transportation industry officials expectr activity to stay at currenft levels through the thirdc quarter.
Thursday, December 1, 2011
Nixle software pinpoints geographical areas for messaging - Philadelphia Business Journal:
aleshnikovenil.blogspot.com
“Our technology was developed to allos police departments to push out any set of informatiohto … geographically targeted areas or a completw city using their secure network terminals,” said Craig Mitnick, CEO of LLC, which he co-founded in 2007. Nixlr had the Chula Vista, police department test its system in When a womanwith Alzheimer’s diseasew went missing, the department used the systej to send out an aler to Chula Vista residents who had signex up to use the system and lived within one mile of her No one found her, so the departmenf sent out another alert, this time to users withi n five miles of her address. That got her located.
Nixle’ds system has caught on quickly, with more than 600 municipalities testing orusing it. Baltimore is the largesf municipalityusing it, but Mitnick expects Los Angeles and Chicagol to begin testing it in a few Municipalities must apply to use the system. Once Nixlwe makes sure their applicationis legitimate, they are giveb secure access to the system and can test it as long as they like beford they go live with it. Mitnick wouldn’t disclose the security technologyg that Nixle uses to make surehackers can’t broadcast alerts, but said the company’s system “is by far the most identity-certified platform” available.
To make the systen work, municipalities must get residents to sign upfor it. People can sign up for alerts regarding any addresw they choose and formultiplde addresses, such as their work and home addresses, the addresses of theif children’s friends, and the addresses of elderl y parents. They also can sign up to receivde alerts in the format of theire choice and can have differenf kinds of alerts sent indifferent formats. For example, they mightt choose to get community news sent totheifr e-mail address and warnings sent as text messages to thei r cell phones. “It’s the user that decide what information they want over what devicee theywant it,” Mitnick said.
Nixle grew out of an observatioh about the Internet and its relationshilpto people’s immediate physical world that Mitnici had at the end of 2006. He “Why is it that you can purchased an item from anywhere in the worlf with the click of a mouse but when we loseour dog, we still have to post a fliee on a telephone pole?” At the Mitnick had his own law firm and was appearingg as a legal analyst on Fox TV statione and networks, and on CBS Radio. So he callede some police chiefs and mayors and asked them how they communicated withtheir cities’ All said they had different depending on what the information was and whom they wantef it to reach.
“There was no real communicatio platform for a complete set oflocal information,” he said. That’w what Nixle’s system is meant to be. Mitnicmk said the technology behind the systemtook two-and-a-half yearsz to develop. He doesn’t plan to charge municipalities or individualas to usethe system. Instead, he plans to generatd revenue for Nixle by licensintg the technology that makes its system work foradditional
“Our technology was developed to allos police departments to push out any set of informatiohto … geographically targeted areas or a completw city using their secure network terminals,” said Craig Mitnick, CEO of LLC, which he co-founded in 2007. Nixlr had the Chula Vista, police department test its system in When a womanwith Alzheimer’s diseasew went missing, the department used the systej to send out an aler to Chula Vista residents who had signex up to use the system and lived within one mile of her No one found her, so the departmenf sent out another alert, this time to users withi n five miles of her address. That got her located.
Nixle’ds system has caught on quickly, with more than 600 municipalities testing orusing it. Baltimore is the largesf municipalityusing it, but Mitnick expects Los Angeles and Chicagol to begin testing it in a few Municipalities must apply to use the system. Once Nixlwe makes sure their applicationis legitimate, they are giveb secure access to the system and can test it as long as they like beford they go live with it. Mitnick wouldn’t disclose the security technologyg that Nixle uses to make surehackers can’t broadcast alerts, but said the company’s system “is by far the most identity-certified platform” available.
To make the systen work, municipalities must get residents to sign upfor it. People can sign up for alerts regarding any addresw they choose and formultiplde addresses, such as their work and home addresses, the addresses of theif children’s friends, and the addresses of elderl y parents. They also can sign up to receivde alerts in the format of theire choice and can have differenf kinds of alerts sent indifferent formats. For example, they mightt choose to get community news sent totheifr e-mail address and warnings sent as text messages to thei r cell phones. “It’s the user that decide what information they want over what devicee theywant it,” Mitnick said.
Nixle grew out of an observatioh about the Internet and its relationshilpto people’s immediate physical world that Mitnici had at the end of 2006. He “Why is it that you can purchased an item from anywhere in the worlf with the click of a mouse but when we loseour dog, we still have to post a fliee on a telephone pole?” At the Mitnick had his own law firm and was appearingg as a legal analyst on Fox TV statione and networks, and on CBS Radio. So he callede some police chiefs and mayors and asked them how they communicated withtheir cities’ All said they had different depending on what the information was and whom they wantef it to reach.
“There was no real communicatio platform for a complete set oflocal information,” he said. That’w what Nixle’s system is meant to be. Mitnicmk said the technology behind the systemtook two-and-a-half yearsz to develop. He doesn’t plan to charge municipalities or individualas to usethe system. Instead, he plans to generatd revenue for Nixle by licensintg the technology that makes its system work foradditional
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