Friday, April 29, 2011

Piedmont buys back shares - Charlotte Business Journal:

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Under the agreement, Piedmont will buy back 700,000 sharesa of its outstanding common stock at an initial priceof $26.3r5 per share, placing the valued of the deal at more than $18.4 million. Charlotte-based Piedmont funded the transaction with cash on handand short-ternm borrowings. Merrill Lynch International will purchase an equivalent amount of sharews in the open market overa one-month period. Piedmonf may receive from, or be required to pay, Merril l Lynch International a pric e adjustment based uponthe volume-weightee average cost of Piedmont’s common stock durin the pricing period. Such price adjustment can be settledd in cash or in shares of itscommon stock.
Merrilpl Lynch International is part of MerrillLyncbh & Co. Inc.’s capital-markets division. (NYSE:BAC) of Charlottw bought Merrill Lynchon Jan. 1. Charlotte-based Piedmont distributes natural gasto 740,000 customers in the Carolinas and

Wednesday, April 27, 2011

Chase plans new branch in Oldsmar - Business First of Buffalo:

haygoodfoafyga1359.blogspot.com
The office would be the 29th in the Tampqa Bay areafor Chase, the U.S. consumef and commercial banking businessof (NYSE: and the first since the purchase of by JPMorga n Chase last year. to rebrand former WaMu branches asChase banks. The 3,392-square-foot office in Oldsmar is locatesd in the Boot Ranch Shopping Center at 600 East Lake according to a releasefrom , the real estate firm that sold the building. The sale pricer was $1.86 million, the release said. A Chase spokeswoman declined to confirm the Chase now has 246 branchesin Florida, includinf six branches that it operated prior to the WaMu the spokeswoman said.
Belleair Development a privately held development and real estate investmeny firm based inPinellas Park, also sold a facilitg at 1299 S. Missouri Ave. in Clearwatere to a private investor, the releasse said. purchased the building in Februaryfor $1.77 million, accordinh to information on the Web site of the .

Sunday, April 24, 2011

Jeffersontown

lkinibim.blogspot.com
What recently had been the Clarion Hotel and Conferencr Center is scheduled to go on theblocko Aug. 4 at the Jeffersojn Circuit Courtforeclosure auction, according to court records. The , which holds the mortgage on the property, sought the foreclosurde last October afterthe owner, LLC, faileds to make payments. On March 12, the courg awarded the bank a judgmentof $8.7 million against Portfolio-Louisville, which owns the Jeffersontown propertyy as well as hotels in othe r states. Portfolio-Louisville and otheer similar entities were assembledby Atlanta-based businessman Charles Morais, who is a partner in Atlanta-basec Kronos Hotels LLC.
Portfolio-Louisville’s addresd is the same as headquarters — 2060 Mount Paramn Road N.W. in Atlanta — accordinv to court records. Telephone service to the Kronoz offices in Atlanta hasbeen disconnected, and the company’s Web site has been takehn down. Former Kronos company employees and disgruntlesd guests have formed aWeb site, www.krono hotelsllc.com, which details charges againsty the company, provides links to negative news about it and call for its demise.
The filing did not list a counseolfor Portfolio-Louisville, and the company did not file a The Jeffersontown property, built in 1972 as a Ramad Inn on the border of Bluegrass Researchh and Industrial Park, has had several nationalp flags over the years and was a Clarioj Hotel and Conference Center until it lost that affiliatiohn a year ago. In 2007, at the top of the real estate market, a Kronos affiliate bought the Louisville propertyu as part of a string of 16 propertiee infive states. (See related story at The local hotel soldfor $3.4 million, and the selled was Atlanta-based hotelier , accordin to data on the Jeffersom County Property Valuation Administrator’s Web site.
The other hotels acquired by the Kronos affiliate were locatedin Alabama, Michigan and Pennsylvania. They primarily were Holidaty Inn and Holiday InnExpress properties. Kronos investors boughy eight more hotels inApril 2008. But soon Kronos and its affiliated companies began to defaulty on loans and stopped paying according to reports in othermedias outlets. Its investors face mounting financiaol and legal problems in at leastseven states. Theitr problems include allegations ofbounces paychecks, unpaid contractors, unpaid back taxez and unpaid utility bills. The Jeffersontownm hotel operated for part of 2008 as Studio Lodge afterSilver Spring, Md.-based Choicde Hotels International Inc.
took its Clariobn flag. Choice Hotels owns the Clarion brand. Studiol Lodge closed in the fall as problems continuedto grow. Priofr to the closing, the hotel conference centerr was damaged by a September The property has been operating for about a montjh as theInnPlace Hotel. It is beintg managed in receivership by PrismHotels & Resorts, a Dallas-based hotel developer and property-management firm. Kyle Green, sole member of Hospitalityg Receiver LLC, a Prism affiliate, said InnPlace’s occupancy had been “up and with the high points coming around the time of theKentuckgy Derby.

Friday, April 22, 2011

BP, Transocean spending more on lobbying - USA Today

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Fox News


BP, Transocean spending more on lobbying

USA Today


By Oli Scarff, Getty Images Oil giant BP spent $2 million on federal lobbying efforts during the first three months of this year, a 25% increase over the same period in 2010. By Oli Scarff, Getty Images Oil giant BP spent $2 million on federal lobbying ...


BP Spent $2 Million Lobbying On Offshore Drilling, Spill Liability, Other ...

Huffington Post


BP Goes on Suing Spree, Spends $2 Million on Lobbying

National Journal


BP Firing Up Political Machine One Year After Start of Oil Spill

Center for Responsive Politics


Axis of Logic


 »

Wednesday, April 20, 2011

Earth-friendly, growth-friendly - Pacific Business News (Honolulu):

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Carlson has founded five firmes inrecent years, many of them in the real estatee industry, which has sufferee in the economic Three of those companies, includingt property-management firm Cities Management and a smallo construction company, operate out of an office in Northeasy Minneapolis. Together, three companies employ 50 people and recorded a combines revenue last year ofabout $14 million. That’s up from about $5 million in the prior Carlson serves as chairman of her real estate while Michael Egelstonruns day-to-day operationa as CEO.
In addition to the constructionand property-management firm, he is responsible for leading a business that offers a Web-based documentt management system to other property management That business is growing at an average rate of between 10 and 15 perceny annually, Egelston said. The businesses were helped by factors such as a rash of sprin g stormsin 2008, as well as the tide of which left many homes in need of boosting business, Egelston said. Carlsonh and Egelston note that green practices have helpe d them save on helping them push through the Inrecent years, the firm has shranl its office space to 9,000 square down from 11,000 square feet, saving on energgy costs.
The firm also has gone nearly paperless, and has most of its employeesa workfrom home. That has reduce d the company’s carbon footprint and helped employee Carlson said. Cities Management’s turnover rate is less than 15 percen in an industry that often has turnoverf of more than50 percent. The firm also sends construction workers out in hybrid ratherthan trucks. (It latee sells its used hybridsto employees.) Carlsohn has taken lessons she’s learned out to other companies, whicj has partly been an effortf to expand her businesses duringb the recession.
She recently consulted with Minneapolis law firmGreen SenEarthCo, meanwhile, is picking up steamn with other property-management firms who want to save money by reducinyg paper use. Cities Management’as experience with SenEarthCo has helped it promote the productto others. That inspired Scotg Ghertner, co-president of Nashville, Tenn.-based property-management firm Ghertnetr & Co. to buy into the softwar e product. “They ate their own he said.

Sunday, April 17, 2011

bizjournals: Energy costs aren't bad news for everyone

http://homeiberia.com/costa-blanca/new-build-apartments.html
From contractors in Columbus to coal miningcompaniezs nationwide, plenty of firms are cashing in on the cost of as individuals and businesses scramble for alternate fuels and more efficiency. "We're just Mike Rosati, president of Rosatk Window Co. in Columbus, Ohio, told . "oI haven't seen anything like it in 27 In Columbus, Business First reports, homeowners are makin g last-minute improvements to stave off heating cost hikes. It'sz a natural reaction to government predictions of natural gas hikew in the 46 percen range and fuel oil increases of abou32 percent.
Rosati told Business First he'rd hired nine extra workers to help keep upwith demand, and expectedf to hire 10 more in the next few Steve Cikach of USA Insulation told Business First he's been planninf for the increase since April -- tripling his advertisintg budget and hiring extra workers -- and expectws business to triple this year. "Withou t a doubt it's pandemonium," Rosati said. "We'rs not even in the same league as last While old-fashioned solutions like better insulation and window and turning down the thermostat are back in so are alternative energy companies, as individual s and companies look for new ways to fuel theire lives.
"The high cost of naturall gas and electricity is making our alternative energy optioneconomically feasible," Dan Eastman, vice president for Microgenh Cogeneration Systems, Inc., told the . Eastman's Colo., firm sells equipment to turn animalk wasteinto energy. It's seein more business from rural electric cooperatives and farmsd and working to strike additional deals arounrthe country. Meanwhile, companies that make solart panels, or photovoltaic systems, are also seeing big increasesdin business, thanks to higher pricesz for other energy sources. As prices for oil and natural gas climbed through thepast year, so have installations of photovoltaifc systems.
"Business is going great and we've been growiny right alongside demand," UniRav Inc. Vice President Hal Newman toldthe . His firm recently announceed plans to double itsmanufacturing space, with business growingb at a 50 perceny clip. It's not just small businesses like those in Columbuse ormore cutting-edge energy technology companiez experiencing a surge thanks to higher natural gas and oil Good old coal companies are burning hot.
reports that the pricde of coal from the central and northerjn Appalachians has doubled in three The Baltimore Business Journal reports thatFoundation Coal, the nation's fourt h largest producer, has seen revenues jump 33 percenrt since 2004. Arch Coal Inc.'s 3rd quarter profit was up 76 the St. Louis Business Journal reported earlierethis week. "We believe that the foundation is in placer for an extended period of attractive coal market dynamicw andstrong pricing," president and CEO Stevehn Leer said, in a statement announcinb earnings. His company expects coal consumptiomn to grow for the third yearin 2005, and to grow agaib in 2006. Patrick senior economist at St.
Louis-based A.G. Edwardas & Sons Inc., told Columbu Business First businesses inthe energy-saving and alternative energhy businesses can expect good times in the immediate future, not just this "Over the next two to three years," he said, "we'rse all in for higher energy costs than we'rr used to." That kind of sentiment has been reflected on Wall which has rewarded Arch Coal, and Peabodg Coal with generally strong stock gaines in the past year, the

Friday, April 15, 2011

CEO Ellison says Oracle might make netbooks - Tampa Bay Business Journal:

inupujyfab1211.blogspot.com
His comments came at a Sun conferencwe for users of Java software which he also said couls be usedon netbooks. Oracle (NASDAQ:ORCL) earlier this year agreed to acquirsSun (NASDAQ:JAVA) for $7 billion. "I don'r see why some of those devices shouldn't come from Reuters quoted Ellisonas "There will be computers that are fundamentally bases on Java." Netbooks are inexpensiver laptop computers designed to connect wirelessly and are used primarilu for checking email and browsing the Web. The market for them is expectes to grow to between 20 million and 30 millionj unitsthis year, up from the 11.7 million sold last year when theirt sales took off.
Most PC makers now have a netbook modelk and if Oracle does get into the market it will go up againstrthe . (NASDAQ:HPQ) and , which either make netbooksx or develop softwarefor them. Acer said Tuesdagy it will make a laptop runninghon ’s (NASDAQ:GOOG) Android operating systen instead of Microsoft Windows, which most makers now use.

Wednesday, April 13, 2011

State senator wants to remove UC

http://learningcenter.statefarm.com/mte/mt-cp.cgi?__mode=view&blog_id=1&id=890
In a release, Yee, who received his bachelor’s degreer from UC Berkeley, said that the Regents of the system think theyare “above the law.” The University of Californiaz Office of the President shot back in its own release, sayint that the system is one of the few agenciese in government that is working, that it’s flourished under its autonomy, and that the salaries it pays to top leadersz is below the national averagre for comparable institutions. The state’xs constitution guaranteed the regents autonomyu on all issues related to management of the systeksince 1879.
The proposede amendment, SCA 21, and its counterpar on in the State Assembly, ACA 24, need two-thirds approvap from the legislature and then needs approval fromstatre voters.

Monday, April 11, 2011

Fla. House takes first step to disallow use of red-light cameras - Ocala

http://mastewoker.blog.com/2011/04/08/sliding-doors-by-yourself/


Fla. House takes first step to disallow use of red-light cameras

Ocala


Disallowing the use of red-light cameras would have a ripple effect that would be felt in Marion County. Red-light cameras are in use in Dunnellon along US 41 at Powell Road, Brooks Street and the north entrance of Walmart. The cameras at Walmart and ...



and more »

Saturday, April 9, 2011

If food addiction exists, blame the brain -- not the cookies - Los Angeles Times

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Los Angeles Times


If food addiction exists, blame the brain -- not the cookies

Los Angeles Times


To the food lovers who can't deny themselves an extra cookie (or 10): The problem may begin in your brain, where, scientists say, chemical surges affect your response to food, much in the way an addict responds to alcohol ...



and more »

Thursday, April 7, 2011

Manny Ramirez: Manny's personal issue an ongoing matter? - Rotoworld.com

http://www.trustedetailer.co.uk/user_detail.php?u=vizappali


MiamiHerald.com


Manny Ramirez: Manny's personal issue an ongoing matter?

Rotoworld.com


Rays manager Joe Maddon said Thursday that he's not sure if Manny Ramirez's personal matter will be an ongoing issue. Ramirez stayed behind in Florida to attend to an undisclosed personal matter. "I don't know," said Maddon. "It's one of those things I ...


Manny attends to 'family matter,' misses game

MLB.com



 »

Tuesday, April 5, 2011

BLM seeks comment on use of public land for large solar-energy projects - Business First of Louisville:

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The land management agency that 24 large tractds of federal land in the West includingnearly 21,000 acres in Colorado’ss San Luis Valley — would be studiexd for their solar power potential. Othee states involved are California, Nevada, Utah and New Mexico. The goal is to speeed project permittingfor utility-scale solarr power projects. The 24 tracts known as Solar EnergyStudy Areas, totaling 670,00p acres — will be evaluatedd for their environmental and resource suitabilityt for large-scale solar energy production.
In the three areas in the San Luis Valleyg that will be part of the studh could generate upto 4,182 megawatts of solar powe r if fully developed, according to the , whicg oversees BLM. Areas deemed suitable for largwe solar power projects would be available for companies to buil d installations with a capacity of 10 megawatts or Companies proposing projects in thes e areas would be eligibler for fasterpermit processing, the department said. The land in the Solad Energy Study Areas will be looked at as part of anexistiny solar-power environmental impact study the department is conducting in six Westerb states.
An in-depth environmental review is beingh paid for with money from the American Reinvestmentg andRecovery Act, the announcement said. BLM said last montyh it has received 158 applications for soladr power projects on federal landas inthe West. In Colorado, BLM is seeking commeng on potential solar developmenft of lands in the De Tilla LosMogotes East, Antonito and Fourmile East areas of southern Colorado. BLM managews 256 million acres of federalpublicf land, including more than 8 milliobn in Colorado. in PDF format. The public comment period endsJuly 30.

Sunday, April 3, 2011

Pittsburgh's City Charter High School growing - Pittsburgh Business Times:

http://www.lukasdreams.org/user_detail.php?u=incasthauct
, a public charter school that begahn operatingin 2002, is looking for abou 100,000 square feet of space Downtown. The school is leaning toward owning rather than leasinya building, said Richarx Wertheimer, the school's founder, CEO and "The only way to control our own destiny is to own our own Wertheimer said. "Frankly, we are tighgt in the space that weare in. That' what precipitated the whole thing." The with about 520 enrolled has four years remaining on its lease forabout 62,00 square feet at the Clark Building Downtown, Wertheimef said.
He said there is no urgencg in the search because the school plansa to serve outits lease, but the school wanted to get a jumpstartt on the process because of the complexityu and time-consuming nature of a search for a new Wertheimer, who has toured about a dozen said 90,000 to 100,000 square feet should accommodatr the school for the foreseeable future. Wertheimed declined to give specifics aboutthe school's growthh plans but said its currenft charter only allows it to enroll a total of 624 Wertheimer also declined to specify a target price, but said the schoopl would have to take into consideration the cost of retrofitting a buildinvg for classroom space.
In the past few central business district officr buildings have traded fromaboutr $30 per square foot to more than $80 per squarer foot, putting a possible purchase prics for a 100,000-square-foot buildinfg at anywhere from $3 million to upwarx of $8 million. Aaron president of New Rochelle, N.Y.-based ., a larg e office landlord Downtown, said City Charter'sx opportunities may be limited. Stauber, who is not involved with City Charter'x search, said purchases by , the and othersz have taken a number of suitable propertiew off ofthe "I think there is a dearth of opportunitiese for them," Stauber said. "...
How many buildingxs can you think of that have thatmuch Still, a number of buildings coulrd accommodate City Charter's needs, said Kim Ford, principal with the Pittsburghh office of LLC, which is assistinf the school in its search. Ford, who represented the school when it signef its leasein 2002, said the recent searchb began at the beginning of the year and has included the formee department store and an office building at 1 Smithfieldf St. that is owned by the . Also under consideration is the 160,000-square-foot Eastef Seals building at 632 Fort Duquesne and theroughly 98,000-square-foot former Art Institutde building on Penn Avenue, she said.

Saturday, April 2, 2011

Gerdau Ameristeel shutters New Jersey plants, looks at Oklahoma - Tampa Bay Business Journal:

http://www.gevonden.nl/user_detail.php?u=elulkJene
steel mill and closing its rolling mill inPerthu Amboy, N.J. The company also is beginninh discussions with the regarding the potentiak closure of a steel mill inSand Okla., a release said. A downturn in the economy resulted in lowed demandfor products, the release said. The New Jerseyt plants’ suspension and closure are expectesd to occur gradually over the nextseverak months, and Gerdau Ameristeel plans to restart operations at the Sayrevillde facility when business conditions the release said. Gerdau Ameristeel expects to incuran after-tax charge of abour $80 million to $140 million relatef to the closures, depending on the outcome of the Sand Springx discussion.
About $15 million to $30 million is expectedf to be cash costs for severance and facilitgclosure expenses, the release said. The charges are expected to be takenh in the current quarter ending June 30 and the next quarterendinvg Sept. 30. Annual pre-tax cash savings from the actiond are expected to beabout $35 million to $70 depending on the outcome of the Sand Spring discussion. Gerdau Ameristeel (NYSE: GNA), headquartered in is the secondlargest mini-mill steel producer in Nort America.