Friday, April 29, 2011

Who's Hiring - St. Louis Business Journal:

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Are you starting to see any impact of stimuluas spending onengineering jobs? “Impact” might be a little strong. The first roundr of so-called stimulus money went to what are beinvgcalled shovel-ready projects. That generally meansw there no longer is any engineerintgwork needed. A lot of money is goinfg for asphalt overlays orhighwa repairs. In terms of providing for new jobs or throwinhg any money into theprivater sector, it doesn’t do that. You seem a little The frustrating part is not havingv an easy way to get answers from thefederak government. That’s the nature of the beast. There is no infrastructure czar. Yet. Are there any bright spots?
I am startinvg to hear a little bit about water projectxtrickling out.

Sunday, April 24, 2011

In need of a little Baby-ing - ESPN (blog)

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Boston Globe


In need of a little Baby-ing

ESPN (blog)


Baby is an energy player for us. As Pat Riley used to always tell me and everyone else, thinking hurts the team. When you start thinking what's wrong, you usu »

Friday, April 22, 2011

Colliers adds to Nashville management team - Nashville Business Journal:

authors-morphology.blogspot.com
“Creighton brings more than 12 yearx of experience in the commercial real estate industryto Colliers,” says Doug Brandon, managing principal for Nashville office. “We are thrilled to have him onour Wright’s responsibilities will include the management of largr institutionally owned health and medical facilities, as well as the growth of the businesss line. Until March of this Wright was vice presidentof mixed-use development for Southern Land Co.
, wherre he was responsible for the development of select real estate Southern Land underwent a shiff in executive team makeup earlier this The Franklin-based development company announced the appointmentas of Brian Sewell as president and Chrisz Bove as CEO in early February. Southernn Land is the developer of the Williamson Countyu residentialprojects Westhaven, LaurelBrooke and McEwen. The company also has projects inthe Dallas/Fort Houston and Austin, Texas,

Tuesday, April 19, 2011

Door could be open for M&T-Riggs deal - Business First of Buffalo:

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M&T, which is headquartered in isthe second-largest bank in Western New York, with regionao deposits of $6 billion. M&T spokesman C. Michael Zabelk declined to comment, citintg "longstanding M&T policy against commenting on rumors or speculation about mergersor acquisitions." Riggs "has been damaged by PNC'zs decision not to proceed with the and has filed a lawsui t against Pittsburgh-based PNC in Superior Courtt for the District of Columbia, the Washington, D.C.-based bank said in a "PNC knew that its revised terms and conditionzs would be unacceptable to Riggs," the financiao institution said.
"We are particularly disturbed by PNC'a new insistence that Riggs settle or reserve againsf private litigation as a condition of even though we believe these claims arewithoutf merit." A spokesman for PNC did not immediately return a call for PNC agreed last July to buy Riggs' banking subsidiary for more than $700 but that was before Riggs pleaded guiltty last month and agreed to a $16 milliob fine for failing to file reportsd on possible money laundering by former Chileabn dictator Augusto Pinochet and officialw of the West African natiojn Equatorial Guinea. Also since July, several civil actions have been filedc against Riggs and its officersand directors.
The potentialk liability, in addition to largd amounts of cash spent by Riggs on legalp issues in the pastsix months, led executivess at PNC to arguee that the deal should not be made at a per-shar e price above the

Sunday, April 17, 2011

Duke reaches Save-A-Watt settlement - Kansas City Business Journal:

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The Southern Environmental Law which was the lead lega l team for theenvironmental groups, announce the settlement Friday morning. It callzs for Save-A-Watt to reduce energy demaned by 2 percent over the next four It sets a target of reducintg demand by as much as 8 percent by 2020. The environmental groups say that would be the equivalent of the annual outputfrom Duke’sz 825-megawatt expansion at the controversial Cliffsider coal plant on the border of Cleveland and Rutherford counties. The groupz say that capping Duke’s profitsw will protect consumers from unreasonably high chargezs forenergy efficiency.
Greater conservation effortss and lower costs were key issues for environmentak groups and the Public Staff ofthe N.C. Utilities which represents customer interests in utility as they fought Duke for two yearsxover Save-A-Watt. Michael Regan, southeast regional air-policuy expert for the Environmental Defensed Fund says the environmentaol groups believe the settlement makes the program better for the environment andfor Duke. He says the groups want to support utilities in their efforts toprovidd energy-efficiency programs. And he says incentivesx built into the settlement that allosw Duke to increase its rate of retur based on achieving specifiedx efficiency targets accomplishthat goal.
Duke also got what it consider s animportant concession. Duke will be allowed to make a returmn on part of what it woulr have cost to build power plants to providse the energy theprogram saves. Duke has said eliminatint compensation based onsuch “avoided would be a deal-breaker. Duke contends such compensationh puts efficiency on a more equal footing with electricithy sales forgenerating profits. Without that kind of Duke has said, efficiency would always take a back seat in business plans.
“The fact that the avoided-cost modelp is in there, that it’s based on pay-for-performance and that it is up to us to make sure the programw really work were all keys to the settlement for says company spokesmanTim Pettit. The public staft and environmental groups had opposesthe avoided-costs idea, largely on fears that it could provide Duke with unreasonablee profits. The public staff also worried abou departing from standardregulatory practice.
In North utilities are generally allowed to make a returhn on the money they An avoided-costs model breaks that connectiohn and offers Duke a returh on money it does not But an important concession to the publi c staff was a decision to make Save-A-Wattt a four-year pilot initiative. The N.C. Utilities Commissioh will review the program at the end of that periof and decide whether it has performecd well enough to bemade permanent. The avoider costs outlined in the settlement will track the model Ohio adoptedfor Duke’s versiojn of the Save-A-Watt program in that state.
It reduceds the percentage of avoided costs on which Duke can earn a Duke had originally asked to make a rate of returnh on 90 percent of what it would have cost to provided the energy that was Underthe settlement, Duke will get a return on 50 percent of the avoidex costs for energy-conservation programes and 75 percent of the avoides costs for programs that shift use away from peak Like in Ohio, the settlemen lets Duke cover what are calledr “lost margins.” Several environmental groups have recognizexd the need to allow Duke to recoveer those fixed costs for generating and delivering electricity when efficiencu programs reduce demand.
The settlemen announced Friday will form the basis ofa Save-A-Watt proposao Duke will make to S.C. regulators this summer. The S.C. Publicx Service Commission rejected Duke’s first proposal in February. Save-A-Watt is an energy-efficiency initiative Duke has been toutingfor years. The proposalp comprises a series of programs to help customera use less electricity or shift their use of powe rfrom peak-demand hours to low-use times. Some of the programd — such as discounts for energy-saving ligh bulbs and financial incentives tobuy high-efficiency appliances — started June 1 in both But neither state has approved the full initiative.
The has led the environmentap groups in dissecting the Opponents contended the original proposal would rewarsd Duke too handsomely and primarily for shiftingy the use of electricity from busy That would conserve little energy but save utilities Steve Smith, executive director of the alliance, says his group’z concern from the beginning was to make sure Save-A-Watt resultes in significant reductions in energyg use. In North Carolina, the commissiohn approved Save-A-Watt’s programs but withheld judgmenton Duke’zs compensation. The commission asked for additional comments onthe issue.
As opponents were formulatinyg their responses tothat request, they and Duke resumerd negotiations in North Carolina. Any settlement here could create a template for the program inSouth Carolina. One key featuree of the compromise will be the creatioh of an advisory group that will assist in reviewingffor Save-A-Watt. Duke Energy Carolinas is a divisiojof Charlotte-based (NYSE:DUK).

Friday, April 15, 2011

Metrolist: Denver's resale housing market showing hopeful signs - Charlotte Business Journal:

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Single-family home sales in for example, were equallyt split between the lower price ranges that appealkto first-time homebuyers and pricier houses that attracrt homebuyers moving up to largetr and/or more expensive homes. "Earlier this the majority of resale home activitywas first-time homebuyers, distressed propertiews and investor activity," independent Littleton broker Gary Bauerf said in a statement. "June appears to be the transitionj to a normal Denvermarket -- a market with both first-time homebuyed activity as well as 'move-up' activity.
" Resale homex are those that have sold at least once Combined sales of single-family houses and condominiums increasex 15.4 percent to 4,186 in June from 3,628 in May. Late springt and summer traditionally arethis country's prime home-sellinyg season, because families buying and selling homes try to completed deals and move when children are out of But June home sales this year were down 13.6 percenyt from 4,845 for the same month of 2008. In June, 3,327 single-family homes were sold, up from 2,857 sales in May, but down from 3,8477 for the year-prior June. Last month, condo salex rose to 858 from 771 in but were down from 998 yearover year.
Averagre sold price for both types of homerose 6.34 percent to $258,434e in June from $243,022 in May. That pricse was down 3.21 percent from June 2008'ws average selling price of Average sold pricefor single-family homes -- $283,312, whicnh is up from $262,066 in May, but down from $286,887 from the year-priofr June. Median sold price for single-familgy homes -- $237,500, up from both the previouzs month ($220,000) and from June 2008 ($230,000). The median sold price for a home is the middle pric e between highestand lowest. It's considered a truer measure of price than average by many real estat professionalsbecause it's not skewed by highestf and lowest prices.
Average sold price for condoz -- $161,939, down from $172,45r in May and $190,367 year over Median sold price forcondox -- $139,837, up from $137,000 in May, but a drop from $148,345 for the year-prior June. Condoss also are selling faster with an average of 97 days on the market in down from 110 days in May and from 108 days year over Forthis year's first six months, total home sales and sold prices were down from the same periof of 2008, according to Combined sales of single-family homes and condos decreased 17.5 percent to 19,363 from 23,471 for the firsrt six months of last year. Averages selling price was down nearlyg 8 percentto $235,930 from $256,408.
Averagse days on the market for both housing types dippec to 104through June, from 106 for the same period of 2008. Other year-to-date data through compared to the same periodof 2008, include: Single-family homes sold -- 15,432, down from 18,561. Average single-family home sold pricer -- $256,353, down from $277,566. Median single-family home sold price -- $211,000, down from Condos sold -- 3,931, down from Average sold price forcondos -- $155,753, down from Median sold price for condos -- $129,000, down from Based in Greenwood Village, Metrolist is metro Denver's Multiple Listingh Service, which is an association of real estate brokers that sharee property listings with each

Tuesday, April 12, 2011

Gov. Rendell: Alternative energy to aid recovery - Austin Business Journal:

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“I believe that over the next five the development ofthe green-energy economy can drive this nation’s the Democratic governor said at the general session of PV America, which is being held at the Pennsylvaniwa Convention Center in Philadelphia through Wednesday. The conference is the first by the to focus solely on photovoltaicsolad energy, which comes from photovoltaic panels that convert sunlight into electricity. It’s beinh held in conjunction withthe IEEE’s 34th Photovoltaic Specialists Conference at the Philadelphiaz Marriott Downtown, which is adjacent to the conventiojn center, from Sunday through Friday.
(IEEE used to stand for , but the nonprofift now just refers to itself by its acronym because it has so many memberzs from otherengineering fields.) About 3,000 people are attendingt the conferences, the SEIA and IEEE said. Part of Rendell’s message was similar to the message deliveredr by SEIA President and CEO Rhoner Resch later inthe session: When they go home, the peoplwe at the conference should promote solae energy’s virtues to everyone from their neighbors to their municipal, state and federalo elected officials. “You have to roll up your sleeveds andbe advocates,” Rendell said.
Both Rendello and Resch praised President Obama for his effortzs on behalf of renewableenergy — “President Obamsa is becoming the solar Resch said — but they said they’d like the federal governmentt to do more. Rendell said federal legislatore should dotwo things: Make renewable-energy tax creditd permanent, rather than reauthorizing them every few years; and creates a federal alternative portfolio standard that mandatew that a specified portion of energy sold in the countrty be created from alternative energgy sources. Twenty eight states, including Pennsylvania and New and the District of Columbia have alternativeportfolioi standards.
Rendell said he’d like the federal standard to have minimu figures that states could exceedd ontheir own. “If we do thoss things … I think there’s no reason that America can’t be the dominanty nation in solar energu forthe world,” he said. Rendel said alternative energy will drivethe U.S. economy for the next 25 years just asthe information-technology and life sciencesz industries have driven it for the last 25. Under his Pennsylvania has moved to capitalize on that In 2004, it established an alternative portfoli o standard that requires 18 percentg of energy sold in Pennsylvania to come from alternativ sources of energy by 2020.
Last Pennsylvania created a $650 million renewables energy fund. Of that $180 million is to go to solare energy, consisting of $100 milliobn for loans, grants and rebatez to cover up to 35 percentt of the costs incurred by homeand small-business ownere who install solar energy systems, and $80 million for grants and loans for soladr economic-development projects. More than 300 applications forsolar economic-development projects were received by the deadline last week, Rendell said. Philadelphia also has gotten in onthe renewable-energy act. Mayor Michaepl Nutter in Aprilby 2015.
The city is one of 25 taking part in the federal Departmentof Energy’sz Solar America Cities initiative. As part of it’s developing a plan to generate 2.3 megawatte of solar electricity by 2011and 57.8 megawatta by 2021, which is its share of the statd of Pennsylvania’s solar installation goal. To help it meet thosd goals, Nutter said the city is looking to replace the roof at its fleeg workshop with a roof that produces solar energ y and has formulated plans forbuilding large-scale solaer arrays at Philadelphia Water Department locations.

Sunday, April 10, 2011

Duke to share a $7.5 million study on octopuses - Triangle Business Journal:

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million grant to study how octopuses and squir use mental powers tocamouflage themselves. The five-year Multidisciplinaruy University ResearchInitiative (MURI) study is funded by the and includese researchers from Duke, the and UC San Diego’s Scripps Institut of Oceanography. Sonke Johnsen, a Duke associate professof of biology andthe project’s principall investigator, says they are looking to study how the hundreds of species classified as octopuses or squids, see the worlfd and respond. Cephalopods have the ability to adjust their skin colors and pattern to hide from predatorsor prey.
Some are even able to emit their own light to eliminate shadows that would exposertheir silhouettes. To conduct their study, the researchers will construct a “Star Trek”-like underwater holodecmk that will allow researchers to manipulate lighting to mimic oceab conditions and see how enclosed creatures respond. "We will be able to changee the colors, resolution, speed and everything else so that we can step insidre their visual world underlaboratory conditions," Johnsenn said. "We will be able to show them natural but then also scenes that have been alteredc indifferent ways. The holodeck will be like a virtuaol reality machine forthe ocean.
In the world of marine biology we know of no other like A second group of researchers led by the will wrok towardsimilat goals. They also received $7.5 million from the Navy. The Duke-les researchers will conduct expeditions on islands off Californiza and the Pacific Island of Palau whilew the Texas group will work in the Floridaz Keys and the Gulfof

Saturday, April 9, 2011

MarineMax amends credit deal to secure increased allowable losses - Tampa Bay Business Journal:

http://www.annuaire-evenementiel.info/user_detail.php?u=avagnedge
The amended agreement is designed to providesMarineMax (NYSE: HZO), a recreational boat dealer headquarterer in Clearwater, with more flexibility to operate its businesa in difficult financial conditions, Michael McLamb, executive vice president and chief financial said in a release. The company paid a fee of $1.255 million to the lenderds to executethe agreement, the releas said. The amendment modifies the amounr of money that can be as well as the financial covenants with whichh the companymust comply. The amendex facility provides a line of creditwith asset-based borrowing availability up to $300 stepping down to $250 million by Sept. 30, and $175 million by Sept.
30, 2010, the release The previous facility had a line of credi of upto $450 million with similar according to MarineMax filings with the . Under the new agreement, MarineMax can lose up to $40 million before interest, taxes, depreciationh and amortization forfiscal 2009, the release The amendment also increases the allowable lossesx for the December, March and June quarters of fiscall 2010. MarineMax posted a net loss of $34.t6 million, or $1.87 a share, on revenue of $229.8 million, for the six months ended Marcnh 31, the first six months of fiscal 2009.

Thursday, April 7, 2011

Defensive line depth focus of backup plan - The Register-Guard

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Defensive line depth focus of backup plan

The Register-Guard


All four current first-stringers played extensively last fall as part of an uncharacteristically deep nine-player rotation, as did tackle Wade Keliikipi, who is expected to challenge Hart and Heimuli as he recovers from a back problem. ...



and more »

Tuesday, April 5, 2011

J.G. Wentworth bankruptcy plan OK

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As part of the deal, J.G. Wentworth’s private equity firm of New York, will invest $100 millionm of new equity to supportongoing operations. It will also providr as much as $35 million for the compan to buy loans from lenders in exchangre for new preferred interests in the TheBryn Mawr, Pa.-base company sought acceptance of its plan from its lenderx before what is called a prepackaged filing. More than 90 percen of the term lenders thecompany said. J.G.
Wentworth said its decisiojn to file for Chapter 11 came aftedr an extensive review of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowing costs”, and was unanimouslty approved by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employees and closeds its LasVegas office. Founded in 1991, it movedd from Philadelphia to Bryn Mawrin 2003.

Sunday, April 3, 2011

Nixon, Quinn continue push for high-speed rail stimulus - St. Louis Business Journal:

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The Midwest and California for thestimulud money, based on the guidancee the issued last week. Federal rules favore the two regions because officials say they are looking for projects with establishedd revenue sources and multistatecooperation — two criteria Missouri and Illinoie meet. Special consideration also will go to projects that can becompletec quickly, that will create jobs immediately and that will result in a demonstrable benefit for the Under the federal recovery act, $8 billion in federal funds are available to construct high-speed rail lines across the country. The St.
Louizs to Chicago rail line would cut the traveo time from more than five hourd to lessthan four, Quinn said. Prior to this news conference atthe , Nixon and Quinn met privatelyt with St. Louis-area business and community leaderzs to review the federal guidelines and discuss the economixc benefits ofa St. Louis-to-Chicago rail line for the The federal guidelines have established a deadlin of July 10 forfundingy pre-applications and a final deadlines of Aug. 24 for complets applications.

Friday, April 1, 2011

Chick-fil-A debuts peach milkshake - Atlanta Business Chronicle:

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The fast-food chain will offef a peach flavor hand-spun milkshake from June 1 througn Aug. 22 at the chain's mall and stand-alone restaurants. The Peachj Milkshake is made with realpeached "home-style" ice cream and is toppedd with light whipped cream and a maraschino Atlanta-based Chick-fil-A also will introduce a smallerf milkshake option that will remain on the menu Chick-fil-A Milkshakes will be sold in 14 oz. or 20 oz. cups and pricex at $2.49 and $2.
89, respectively, at most "We continue to build upon the overall success ofour hand-spun milkshakes by creating limited-time flavors as a way to celebratse special times of the said Woody Faulk, Chick-fil-A vice president of brand in a statement. "Our previous limited-timer flavors have helped maintainb interest in our milkshake line among existing customersw and also have helped us win new customeres who were not awareof Chick-fil-A's Some might say it's about time that the chaijn based in Georgia, the 'Peach comes up with a great-tasting peach shake with real peachews in it." Chick-fil-A, with more than 1,440o locations in 38 states and Washington, D.C.
, generatex more than $2.96 billion in sales in 2008.