http://chatboutbelize.com/slpngnt.htm
Metro-area sales for the 12 months endedMarchy 31, compared to the previous 12-month period, also were especially in the office market. The LoopNet released this week, includede office, retail and industrial buildings as wellas apartments, but not land, hotels and health-carse facilities. Minimum selling price of deals included in the datawas $2.5 The office market had one of the biggestg declines in sales among property types, with no salesa of more than $2.
5 million for the first quarter, compared to $380 million in salews for 2008's first period, according to Other data providers includee the Colorado State Land Board's first-quarter purchase of a new headquarters buildinv at 1127 Sherman St. in downtow n Denver for $4.7 million. That sale closed March 31, accordingh to Denver County realestate records. For the most recent 12-monthg period, ending March 31, metro Denver reportef $678 million in officer building sales, down from $2.9 billion for the previoues 12-month period. Over the past 12 downtown Denver had themost metro-arez office-property sales, with seven buildings trading for a total of $332 million, according to LoopNet.
Two downtown deales were amongthe period's largest -- the $157. 8 million sale of the two-building World Trade Cente and MillenniumFinancial Center's $47.i9 million sale, both in October 2008. Bases in San Francisco, LoopNet (NASDAQ: provides information services to the commercial real estate includingsales listings. LoopNet customers include CB Richard EllisGroup Inc., , , Co. and RREEF Fundsd LLC. Industrial -- $40 million in sales in Q1 comparedto $207 million in Q1 2008; $404 millio in sales for the 12 monthes ended March 31, compared to $658 million for the previoux 12 months.
Among the largest recent industrial saleswas Denver-based 's PLD) sale of Building 8 in ProLogi s Park 70 for $19.3 million in March. Majot industrial buyers in the past 12 monthss included HinesInterests LP, IBC Holdings LLC and TA Associates and major sellers, besides ProLogis, include (NYSE: FR) and SVN Equitied LLC. Retail -- $13 million in Q1 2009 down from $69 million in Q1 2008; $430 million in sales for the past 12 comparedto $838 million for the previous 12-month Biggest first-quarter retail sales include a forme Circuit City store on South Colorado Boulevard in which sold for $7.
5 Among the biggest retail sales in the past 12 monthsw were the $161 million sale of Southlands, metrok Denver's largest shopping center, in December 2008, and the $94.5 million sale of the Denver Pavilions mall in downtowm Denver last summer. Top retail buyers in the past 12 monthws were Southlands buyer of New York as wellas Denver-basee LLC and , partnersz in the Denver Pavilions acquisition. Major sellerx included Southlands developer LLC ofGreenwoos Village, and Pavilions investors Arthurr Hill & Co. LLC and Roche Finanz GmbH. Apartments -- $29 millionm in sales for Q1 downfrom $194 million for the firs t period of 2008; $528 milliob in 12-month sales, down from $1.
77 billiobn for the previous comparable Among the largest recent apartmeny transactions was the $20.9 million sale of The Bouldersd in Boulder in January. Majoe buyers of apartment properties, over the last 12 included LLCand , and top sellerss included Principal Capital and AIV) of Denver.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Phila. biotech firm lands federal grant for influenza treatment - Philadelphia Business Journal:
goldenayreyg1666.blogspot.com
The research program is being sponsored by the National Institutee of Allergy and InfectiousDiseases , Integral Moleculat researchers are using the company’s proprietary lipoparticlw technology to discover new ways of inhibiting M2, a virakl ion channel associated with all strains of influenza includinfg the most dangerous H5N1 pandemic strains. Each year, influenza is responsibler for 3 million to 5 million cases of sever e illness and upto 500,0090 deaths. Benjamin Doranz , the presidenr and chief scientific officer ofIntegral Molecular, said his company’s lipoparticless enable ion channels, such as M2 and othef membrane proteins, to be selectively captured and concentrated.
Dorans said the grant, the amouny of which was not is the second research fundinv the company has received fromthe NIH. ’s aerosolized KL-4 surfactant was selectedx fora phase-II clinical triall in patients with cystic fibrosis. The trial of the Warrington biopharmaceutical company’s new drug candidate is beinhg conducted asan investigator-initiated study under the directioj of Dr. Scott H. Donaldson at the University of NortCarolina . It is being fundedf primarily through a granyt provided by the Cystic FibrosisFoundation .
The KL-4 surfactant, designes to mimic the activity of human lung surfactants that line the lung and are essential for will be tested in patients with mild to moderated CFlung disease. CF lung characterized by a genetic mutation that producese thick mucus that is difficult to cleard from the airways of the typically leadsto life-threatening respiratory infections. The life-threateningb genetic disease afflicts anestimated 30,000 patients in the Unitedd States and nearly 70,000 worldwids … submitted additional clinical data last week to the Food and Drug Administratiomn about its Cortoss synthetixc bone product.
The FDA askef the Malvern biomaterials companu for additional study data for the productin March. which has a European OK, is to be used in vertebraol augmentation procedures for vertebrae fractures causeed by injuries orfrom osteoporosis.
The research program is being sponsored by the National Institutee of Allergy and InfectiousDiseases , Integral Moleculat researchers are using the company’s proprietary lipoparticlw technology to discover new ways of inhibiting M2, a virakl ion channel associated with all strains of influenza includinfg the most dangerous H5N1 pandemic strains. Each year, influenza is responsibler for 3 million to 5 million cases of sever e illness and upto 500,0090 deaths. Benjamin Doranz , the presidenr and chief scientific officer ofIntegral Molecular, said his company’s lipoparticless enable ion channels, such as M2 and othef membrane proteins, to be selectively captured and concentrated.
Dorans said the grant, the amouny of which was not is the second research fundinv the company has received fromthe NIH. ’s aerosolized KL-4 surfactant was selectedx fora phase-II clinical triall in patients with cystic fibrosis. The trial of the Warrington biopharmaceutical company’s new drug candidate is beinhg conducted asan investigator-initiated study under the directioj of Dr. Scott H. Donaldson at the University of NortCarolina . It is being fundedf primarily through a granyt provided by the Cystic FibrosisFoundation .
The KL-4 surfactant, designes to mimic the activity of human lung surfactants that line the lung and are essential for will be tested in patients with mild to moderated CFlung disease. CF lung characterized by a genetic mutation that producese thick mucus that is difficult to cleard from the airways of the typically leadsto life-threatening respiratory infections. The life-threateningb genetic disease afflicts anestimated 30,000 patients in the Unitedd States and nearly 70,000 worldwids … submitted additional clinical data last week to the Food and Drug Administratiomn about its Cortoss synthetixc bone product.
The FDA askef the Malvern biomaterials companu for additional study data for the productin March. which has a European OK, is to be used in vertebraol augmentation procedures for vertebrae fractures causeed by injuries orfrom osteoporosis.
Monday, March 28, 2011
Dayton region's Swine Flu count climbs to 12 - San Antonio Business Journal:
polinaagyvtiwu.blogspot.com
The reported that as of noon June 10 therde were 47 confirmed cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Daytonh region. Of the six cases reported in Clarkk County, Northridge Middle Schook students accounted for five ofthe cases. And in Montgomeryt County, a Vandalia-Butler student becamw a confirmed caselast week, while two Dayton Public Schoolsa students were confirmed this There are four total cases in Montgomerhy County. There are 27,737 confirmed cases worldwide, according to the , with 74countrie s having at leastone case. There have been 141 deathws confirmed caused by SwinrFlu worldwide, according to the WHO. The U.
S. has the most with 13,217 confirmed cases. There are cases now in all 50 statezplus Washington, D.C., and Puert o Rico, according to the federal . Ther e have been 27 confirmed deaths inthe U.S. Butlerf County – 2 (30-year-old male, 13-year-old female)Clark County – 6 (15-year-old male, 25-year-olfd male, 12-year-old male, 15-year-old female, 13-year-olds male, 14-year-old male) Cuyahoga County – 6 (41-year-old female, 9-year-old 14-year-old female, 14-year-old 13-year-old male, 14-year-old male) Franklin County – 16 (31-year-oldd male, 33-year-old male, 18-year-old male, 20-year-oldx female, 19-year-old female, 21-year-old male, 20-yeare old male, 22-year-old female, 23-year-old 19-year-old male, 11-year-old female, 13-year-old female, 35-year-old 44-year old male, 8-year-old male, 41-year-old male) Lawrencd County – 2 (2-year-old male, 8-month-old male) Montgomert County – 4 (16-year-old 13-year-old female, 9-year-old female, 17-year-old female) Cuyahoga County 2 (20-year-old female, 16-year-ol female)
The reported that as of noon June 10 therde were 47 confirmed cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Daytonh region. Of the six cases reported in Clarkk County, Northridge Middle Schook students accounted for five ofthe cases. And in Montgomeryt County, a Vandalia-Butler student becamw a confirmed caselast week, while two Dayton Public Schoolsa students were confirmed this There are four total cases in Montgomerhy County. There are 27,737 confirmed cases worldwide, according to the , with 74countrie s having at leastone case. There have been 141 deathws confirmed caused by SwinrFlu worldwide, according to the WHO. The U.
S. has the most with 13,217 confirmed cases. There are cases now in all 50 statezplus Washington, D.C., and Puert o Rico, according to the federal . Ther e have been 27 confirmed deaths inthe U.S. Butlerf County – 2 (30-year-old male, 13-year-old female)Clark County – 6 (15-year-old male, 25-year-olfd male, 12-year-old male, 15-year-old female, 13-year-olds male, 14-year-old male) Cuyahoga County – 6 (41-year-old female, 9-year-old 14-year-old female, 14-year-old 13-year-old male, 14-year-old male) Franklin County – 16 (31-year-oldd male, 33-year-old male, 18-year-old male, 20-year-oldx female, 19-year-old female, 21-year-old male, 20-yeare old male, 22-year-old female, 23-year-old 19-year-old male, 11-year-old female, 13-year-old female, 35-year-old 44-year old male, 8-year-old male, 41-year-old male) Lawrencd County – 2 (2-year-old male, 8-month-old male) Montgomert County – 4 (16-year-old 13-year-old female, 9-year-old female, 17-year-old female) Cuyahoga County 2 (20-year-old female, 16-year-ol female)
Saturday, March 26, 2011
Zynga in "serious discussions" with SF, but might expand elsewhere - San Francisco Chronicle (blog)
moakhamet84.blogspot.com
Zynga in "serious discussions" with SF, but might expand elsewhere San Francisco Chronicle (blog) Zynga already has more than 1300 employees, but is still expanding. Reports by the Bay Citizen and others said Zynga was considering future expansion south of the city, leaving Townsend Street as a call center. |
Thursday, March 24, 2011
Marine Reservists Return to Buffalo - WKBW-TV
http://www.ad35.net/site/1456027/product/445-9107983/newxtargetxmarket/
Buffalo News | Marine Reservists Return to Buffalo WKBW-TV Buffalo, NY (WKBW) -- Wind driven snow and freezing temperatures could not dampen the spirits of hundreds who turned out to welcome home some local Marines. A long deployment is over and now it's time to reconnect with family and ... Marine platoon returns from Afghanistan |
Tuesday, March 22, 2011
S.F. bank heads downtown with a veteran exec team - San Francisco Business Times:
Alen AMS09
The bank is being launched with , which will own 51 percentf of Bank of San Capitol is a community bank developmeng company that findspromising markets, hires veteram bankers in the area and attractw minority shareholders who are likely to be bought out in threes years for 1.5 times book Bank of San Francisco has a veteran team of bankerse whose résumés read like a family tree of Bay Area stretching back to (both acquired by ) as well as and its predecessort institution, .
Earlier this year, Bank of San Franciscl brought on board Ed Obuchowski from City National Bank to serve as Unlike manyof Capitol's other community banks, Bank of San Francisco will focus solely on businessz banking and private banking, leaving retail banking to Wellss Fargo, and others. The bank, which is stillk awaiting final regulatory approval tobegin business, will be headquartere d in 6,400 square feet located on the 24th floor of 575 Markef St. in San Francisco.
The board of the proposed institutio includesJames Dobberstein, director and principal of the San Francisco accounting firm ; Arthu Evans, chairman of ; Herbertr Foster, former CEO of Oakland-based CivicBank of Commerce; Susanm Morse, client adviser at ; Georg e Vukasin Jr., executive vice presidentf of ; Joseph Reid, chairman and CEO of Capitoll Bancorp; Scott Andrews, president of the Californiaw region at Capitol; and Reid will serve as chairman of Bank of San Senior executives at Bank of San Franciscko include Ray Brown, executive vice president and chiefv credit officer, who previously worked at City Nationalk and First Interstate; Wendy Ross, senior vice president, who previouslty worked at Greater Bay's Golden Gate Bank in San Francisco; Ike Ogata, senio vice president, who previously workedd at and Sumitomo Bank in Northern California; and Ed senior vice president, who was also with CivicBank.
The proposeed Bank of San Francisco is still raising monehfrom investors, but has expressions of interest that exceed the maximuj $10 million it plans to Minimum investment is $1,000. Capitol has builty a network of 34 bankzs in nine states overthe years. But its strategy has criticzs who say the minority shareholders take all the risk but have theif returns cappedat 1.5 times book Capitol says minority shareholders benefit from the buyout by exchanginvg thinly traded shares in a community bank for Capitol's more dividend-paying stock. Capitol has a controversial tender offefr under way to acquire the sharesit doesn't own in .
The Bank of San Francisck is successfully tapping investor enthusiasm forcommunity banks. "The numbers speak for said Obuchowski, who says one of his challengeds is enforcingthe bank's $250,00o maximum investment with prospective investors so therer are shares available for others. "We look forwar d to providing an extraordinary level of service to our who will consist ofsmall business, entrepreneurs, professionald and their families," he said.
The bank is being launched with , which will own 51 percentf of Bank of San Capitol is a community bank developmeng company that findspromising markets, hires veteram bankers in the area and attractw minority shareholders who are likely to be bought out in threes years for 1.5 times book Bank of San Francisco has a veteran team of bankerse whose résumés read like a family tree of Bay Area stretching back to (both acquired by ) as well as and its predecessort institution, .
Earlier this year, Bank of San Franciscl brought on board Ed Obuchowski from City National Bank to serve as Unlike manyof Capitol's other community banks, Bank of San Francisco will focus solely on businessz banking and private banking, leaving retail banking to Wellss Fargo, and others. The bank, which is stillk awaiting final regulatory approval tobegin business, will be headquartere d in 6,400 square feet located on the 24th floor of 575 Markef St. in San Francisco.
The board of the proposed institutio includesJames Dobberstein, director and principal of the San Francisco accounting firm ; Arthu Evans, chairman of ; Herbertr Foster, former CEO of Oakland-based CivicBank of Commerce; Susanm Morse, client adviser at ; Georg e Vukasin Jr., executive vice presidentf of ; Joseph Reid, chairman and CEO of Capitoll Bancorp; Scott Andrews, president of the Californiaw region at Capitol; and Reid will serve as chairman of Bank of San Senior executives at Bank of San Franciscko include Ray Brown, executive vice president and chiefv credit officer, who previously worked at City Nationalk and First Interstate; Wendy Ross, senior vice president, who previouslty worked at Greater Bay's Golden Gate Bank in San Francisco; Ike Ogata, senio vice president, who previously workedd at and Sumitomo Bank in Northern California; and Ed senior vice president, who was also with CivicBank.
The proposeed Bank of San Francisco is still raising monehfrom investors, but has expressions of interest that exceed the maximuj $10 million it plans to Minimum investment is $1,000. Capitol has builty a network of 34 bankzs in nine states overthe years. But its strategy has criticzs who say the minority shareholders take all the risk but have theif returns cappedat 1.5 times book Capitol says minority shareholders benefit from the buyout by exchanginvg thinly traded shares in a community bank for Capitol's more dividend-paying stock. Capitol has a controversial tender offefr under way to acquire the sharesit doesn't own in .
The Bank of San Francisck is successfully tapping investor enthusiasm forcommunity banks. "The numbers speak for said Obuchowski, who says one of his challengeds is enforcingthe bank's $250,00o maximum investment with prospective investors so therer are shares available for others. "We look forwar d to providing an extraordinary level of service to our who will consist ofsmall business, entrepreneurs, professionald and their families," he said.
Sunday, March 20, 2011
UNCC honors Rodgers Builders CEO - Wichita Business Journal:
Mitsubishi MSZ09UN
The Charlotte-based company has worked on severalkuniversity projects, including the Barnhardg Student Activity Center, Irwin Belk Tracko and Field Center, Lynchy Residence Hall and the Bioinformatics Researcj Center. Rodgers Builders also is the construction manager onthe university’se new, $50.4 million Centeer City Building project that is slated to open in the fall of 2011. A groundbreakinhg ceremony was held in April forthe 12-story, classroom building at the cornert of Ninth and Brevard streets in uptown Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutionse and organizations she touches long after her formal involvement has ended,” says Philip Dubois, UNC Charlotte chancellor. “Hedr commitment to the betterment of our communityh extends to herbusiness philosophy. In fact, Rodgerd Builders has been hailed time and again as the epitomeof civic-mindex business.” Rodgers is also chair of the Charlottw Symphony board and will assume the chairmanshio of the Charlotte Chamber board in 2011. The universityt established the Distinguished Service Awarddin 1987.
It honors individualws who have provided outstanding leadership and servicer to the Charlotte community and to the advancement of UNC Rodgers was honored Tuesday during a luncheon atthe school. UNC Charlottwe is the fourth-largest campus among the 17 institutions of the UNC It is the largest institution of higher education in theCharlottd region, offering doctoral, master’s and bachelor’d programs. Fall 2008 enrollment was includingnearly 5,000 graduate students.
The Charlotte-based company has worked on severalkuniversity projects, including the Barnhardg Student Activity Center, Irwin Belk Tracko and Field Center, Lynchy Residence Hall and the Bioinformatics Researcj Center. Rodgers Builders also is the construction manager onthe university’se new, $50.4 million Centeer City Building project that is slated to open in the fall of 2011. A groundbreakinhg ceremony was held in April forthe 12-story, classroom building at the cornert of Ninth and Brevard streets in uptown Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutionse and organizations she touches long after her formal involvement has ended,” says Philip Dubois, UNC Charlotte chancellor. “Hedr commitment to the betterment of our communityh extends to herbusiness philosophy. In fact, Rodgerd Builders has been hailed time and again as the epitomeof civic-mindex business.” Rodgers is also chair of the Charlottw Symphony board and will assume the chairmanshio of the Charlotte Chamber board in 2011. The universityt established the Distinguished Service Awarddin 1987.
It honors individualws who have provided outstanding leadership and servicer to the Charlotte community and to the advancement of UNC Rodgers was honored Tuesday during a luncheon atthe school. UNC Charlottwe is the fourth-largest campus among the 17 institutions of the UNC It is the largest institution of higher education in theCharlottd region, offering doctoral, master’s and bachelor’d programs. Fall 2008 enrollment was includingnearly 5,000 graduate students.
Friday, March 18, 2011
Crossvault Capital earns Informa accolade - San Antonio Business Journal:
Air Purifiers Rancho Cucamonga
The locally based investment advisory firm was namedda “Top Gun” in the Domestic Balancef Universe in the 1 Star category for the quarterd ended March 31, 2009. The 1 Star rankinbg is based on performance for the mostrecent quarter. Co-CEO and Chief Investment OfficeeLaura Ehrenberg-Chesler says the companty is pleased to receive the recognition in the midsty of the on-going market turmoil. “This has been a challengingg environment forboth fixed-income securities and equities, and we feel that receivingy this designation following our two Top Guns in Februargy validates our current Ehrenberg-Chesler says.
Crossvault is registered with the SEC and is a boutiqu investment advisory firm that offerscustomized equity, and balanced separate-account management for high net-worthh individuals and institutions. Informa maintains information on morethan 2,000 managers and more than 25 years of historical performance. The company’sd database is designed to assist investmentr professionals in manager searches andevaluation processes.
The locally based investment advisory firm was namedda “Top Gun” in the Domestic Balancef Universe in the 1 Star category for the quarterd ended March 31, 2009. The 1 Star rankinbg is based on performance for the mostrecent quarter. Co-CEO and Chief Investment OfficeeLaura Ehrenberg-Chesler says the companty is pleased to receive the recognition in the midsty of the on-going market turmoil. “This has been a challengingg environment forboth fixed-income securities and equities, and we feel that receivingy this designation following our two Top Guns in Februargy validates our current Ehrenberg-Chesler says.
Crossvault is registered with the SEC and is a boutiqu investment advisory firm that offerscustomized equity, and balanced separate-account management for high net-worthh individuals and institutions. Informa maintains information on morethan 2,000 managers and more than 25 years of historical performance. The company’sd database is designed to assist investmentr professionals in manager searches andevaluation processes.
Tuesday, March 15, 2011
Former Conyers housing officials indicted - Atlanta Business Chronicle:
Fujitronic FH-797
were indicted Wednesday by a federal grand jury for allegedlt embezzling morethan $130,000p from the and usin g the money for gifts, parties and a vacation. Between 2000 and Kristi Wilson, who was the executive and Ronnie Wilson, who was the lease enforcemenf officer for the Conyers Public Housing allegedly embezzled morethan $130,000 of housinb authority funds that came througbh grants from the . The Wilsons allegedly misusesd Conyers Housing Authority credit cards for vacation local meals, and personal items for their including a barn, perimeter outdoor Christmas decorations, a and Christmas gifts and parties for Housint Authority employees.
Kristi Wilson also approvec and paid bonusesfor herself, and paddeds her and her husband’s salaries. The Wilsonsw are charged with conspiracy, embezzlement of federal program funds, and honest services mail The indictment includes a forfeiture count in which the Unitedf States seeks the forfeitureof ill-gotten proceeds from the alleged criminal scheme.
were indicted Wednesday by a federal grand jury for allegedlt embezzling morethan $130,000p from the and usin g the money for gifts, parties and a vacation. Between 2000 and Kristi Wilson, who was the executive and Ronnie Wilson, who was the lease enforcemenf officer for the Conyers Public Housing allegedly embezzled morethan $130,000 of housinb authority funds that came througbh grants from the . The Wilsons allegedly misusesd Conyers Housing Authority credit cards for vacation local meals, and personal items for their including a barn, perimeter outdoor Christmas decorations, a and Christmas gifts and parties for Housint Authority employees.
Kristi Wilson also approvec and paid bonusesfor herself, and paddeds her and her husband’s salaries. The Wilsonsw are charged with conspiracy, embezzlement of federal program funds, and honest services mail The indictment includes a forfeiture count in which the Unitedf States seeks the forfeitureof ill-gotten proceeds from the alleged criminal scheme.
Sunday, March 13, 2011
Emerald Isle's a little green around the gills - Richmond Times Dispatch
http://nottedellataranta.net/?p=33
CANOE | Emerald Isle's a little green around the gills Richmond Times Dispatch In the 1950s alone, an eighth of the population packed up and left the Emerald Isle. In the early 1990s, a group of Irish politicians, civil activists and economists urged the government to adopt reforms that included a sm » |
Thursday, March 10, 2011
ATSG builds revenues, posts loss - Business Courier of Cincinnati:
helping-shampoo.blogspot.com
The company posted a fourth-quarter net loss of $64.2 million, or a loss of $1.03 per compared to net incomeof $8.4 million, or 14 centsx per share, in fourth-quarter 2008. Net revenues grew to $430.7 milliomn from $319.2 million. Much of the revenuew growth camefrom ATSG’s Cargo Holdings Internationapl business, which it acquired in 2007, the companhy said in a news release. The bottom line was impactedd by pretax impairment chargesof $91.2 milliob in the fourth quarter, for acquired goodwill and customer intangibles. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $68.1 million for the quarter, versuds $30.
7 million in the same 2007 For thefull year, ATSG reported a net loss of $56 or a loss of 90 cents per share, versus net income of $19.65 million, or 33 cents per share, in 2007. Revenuesd grew to $1.6 billion from $1.2 Adjusted EBITDA was $174.5 million compared to $94.5 million the year “Our ability to generate strong cash flow from our valuablr aircraft assets under multiple business models is a underappreciated strengthof ATSG,” said Joe Hete, presidentf and CEO, in the Cargo firm DHL is shutting down its domestifc shipping operations, which ATSG unit ABX Air Inc.
had As a result, the airline has shed 4,800 jobs througnh February, and closed regional hubs, reducing its package-sorting operationxs to one overnight shiftin Wilmington, ATSG More job cuts are expected. ABX that it had modified a $93 millioj promissory note with DHL and had come to an agreementr onother debt-related issues. Shares of ATSG (NASDAQ: ATSG) gaine d 6 cents, to 76 cents, in Tuesday afternoom trading. Air Transport Servicesa Group (NASDAQ: ASTG), headquartere in Wilmington, provides cargo airline services worldwide.
The company posted a fourth-quarter net loss of $64.2 million, or a loss of $1.03 per compared to net incomeof $8.4 million, or 14 centsx per share, in fourth-quarter 2008. Net revenues grew to $430.7 milliomn from $319.2 million. Much of the revenuew growth camefrom ATSG’s Cargo Holdings Internationapl business, which it acquired in 2007, the companhy said in a news release. The bottom line was impactedd by pretax impairment chargesof $91.2 milliob in the fourth quarter, for acquired goodwill and customer intangibles. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $68.1 million for the quarter, versuds $30.
7 million in the same 2007 For thefull year, ATSG reported a net loss of $56 or a loss of 90 cents per share, versus net income of $19.65 million, or 33 cents per share, in 2007. Revenuesd grew to $1.6 billion from $1.2 Adjusted EBITDA was $174.5 million compared to $94.5 million the year “Our ability to generate strong cash flow from our valuablr aircraft assets under multiple business models is a underappreciated strengthof ATSG,” said Joe Hete, presidentf and CEO, in the Cargo firm DHL is shutting down its domestifc shipping operations, which ATSG unit ABX Air Inc.
had As a result, the airline has shed 4,800 jobs througnh February, and closed regional hubs, reducing its package-sorting operationxs to one overnight shiftin Wilmington, ATSG More job cuts are expected. ABX that it had modified a $93 millioj promissory note with DHL and had come to an agreementr onother debt-related issues. Shares of ATSG (NASDAQ: ATSG) gaine d 6 cents, to 76 cents, in Tuesday afternoom trading. Air Transport Servicesa Group (NASDAQ: ASTG), headquartere in Wilmington, provides cargo airline services worldwide.
Tuesday, March 8, 2011
Supporters say Northern Kentucky riverfront project should be big, audacious - Portland Business Journal:
xiwyxucupewox.blogspot.com
Although the $170 million price tag for the expanded Riverfront Commons project is leaders of and believe it could spur new development oncethe nation’s economiv storm has passed. The Riverfronyt Commons project proposed by Southbank severalk years ago now encompasses the Licking River Greenway and Trails project propose d byVision 2015, Northern Kentucky’x regional planning initiative. The expanded project repair erosion problems along both the Ohio andLickint riverfronts; build walkways and bike pathd along both rivers; and extensd the project’s footprint to include such elements as a tramwahy to connect Devou Park to Mainstrasss Village in downtown Covington.
All that boosts the project’sa estimated cost to $170 million far higher than the $50 million price tag for the originaol RiverfrontCommons plan. Tough times Be bold Southbank Partners President Bill Scheyer arguees that the lousy economy is no reasohn tothink small. “When times are difficult, it actuallyh sometimes creates an opportunity for planninhg forthe future,” he said. “Waitingy would not benefit us. We need to try to creatre the vision, make the economic case and then beginj to sell that conceptto everybody.
” And it seems so far, just about everybody is Vision 2015 has won support for the project amonvg community groups and and Southbank has convinced city and county government leaders of the project’se worth and value, said Vision 2015 President John President Steve Stevens said business leaders have been impressed, too. After all, securinhg funding for the project was high on the list of prioritieds when the chamber took a groupl to meet with congressional leadersin Washington, earlier this year.
“Wheh you’re trying to arrange funding, you have a tendencyy to break things downinto bit-sized But if you do that and only you have a tendency to mask the overall which is really the part that stirds men’s souls and funders’ souls,” Domaschko said. “This kind of takesa the cover off the overall vision in the eyes of funderw and shows how exciting thiscan be.” the Riverfront Commons project has securee federal funds that paid for a studgy to plot the scopre of the project and help determine what’a needed to address the erosion problems along the riverfront.
Scheyer wants to raiswe $335,000 this year to continuw the consulting work andpay 20/20 a high-powered Washington, D.C., firm that Southbank has hired to lobbt for additional federal funds. In just two Southbank raised $170,000 from local governments and privatwe citizens who want to see the projecgmove forward. Local governments have been willintgto contribute, despite their own financiap woes, because they understand the impacyt the project could have for the regio long-term, said Covington Mayor Denny Bowman. “Ouf job is not to just do a rendering and not to just do a studuy but to continue all effort to see that we implementfthe plan,” Bowman said. “It takes time.
” Southbank and Vision 2015 have startecd to combine the governance groupz for the Ohio River and Licking Riverr projects that were onceseparate plans. And leaders in Norther n Kentucky’s river cities – from Bellevue to Bromle – have voiced support for the plan, said Bellevue Mayofr Jack Meyer, who is chairman of . “Wes would really be doing an injusticd if we just sat back andsaid let’d put this on hold until things get better,” Meyer said. And with the federal stimulus dollarss flowingfrom Washington, D.C.
, the project’s proponentse hope they can win some by makingb the case that the broader project would help the give residents more recreational opportunitiea and spur economic development all at the same time. “It’e difficult to say how great the opportunities are for obtaining funding,” said Roger Peterman, a partner with and chairmanb of . “But if we aren’t prepared, it’sa never going to happen.” Scheyet said the lobbying firm Southbank hired has important connections in Congressw that he hopes will help the community make its And CongressmanGeoff Davis, Sen. Jim Bunninv and Sen. Mitch McConnell all have been supportivew inthe past, he said.
Above all, said the chamber’w Stevens, everyone realizes that a projecr of this magnitude willtake time. The key, he said, is to get starter and make the case with aunited “This economy’s going to turn around,” Peterman said. “Andc we need to be positioned to take advantag eof that.”
Although the $170 million price tag for the expanded Riverfront Commons project is leaders of and believe it could spur new development oncethe nation’s economiv storm has passed. The Riverfronyt Commons project proposed by Southbank severalk years ago now encompasses the Licking River Greenway and Trails project propose d byVision 2015, Northern Kentucky’x regional planning initiative. The expanded project repair erosion problems along both the Ohio andLickint riverfronts; build walkways and bike pathd along both rivers; and extensd the project’s footprint to include such elements as a tramwahy to connect Devou Park to Mainstrasss Village in downtown Covington.
All that boosts the project’sa estimated cost to $170 million far higher than the $50 million price tag for the originaol RiverfrontCommons plan. Tough times Be bold Southbank Partners President Bill Scheyer arguees that the lousy economy is no reasohn tothink small. “When times are difficult, it actuallyh sometimes creates an opportunity for planninhg forthe future,” he said. “Waitingy would not benefit us. We need to try to creatre the vision, make the economic case and then beginj to sell that conceptto everybody.
” And it seems so far, just about everybody is Vision 2015 has won support for the project amonvg community groups and and Southbank has convinced city and county government leaders of the project’se worth and value, said Vision 2015 President John President Steve Stevens said business leaders have been impressed, too. After all, securinhg funding for the project was high on the list of prioritieds when the chamber took a groupl to meet with congressional leadersin Washington, earlier this year.
“Wheh you’re trying to arrange funding, you have a tendencyy to break things downinto bit-sized But if you do that and only you have a tendency to mask the overall which is really the part that stirds men’s souls and funders’ souls,” Domaschko said. “This kind of takesa the cover off the overall vision in the eyes of funderw and shows how exciting thiscan be.” the Riverfront Commons project has securee federal funds that paid for a studgy to plot the scopre of the project and help determine what’a needed to address the erosion problems along the riverfront.
Scheyer wants to raiswe $335,000 this year to continuw the consulting work andpay 20/20 a high-powered Washington, D.C., firm that Southbank has hired to lobbt for additional federal funds. In just two Southbank raised $170,000 from local governments and privatwe citizens who want to see the projecgmove forward. Local governments have been willintgto contribute, despite their own financiap woes, because they understand the impacyt the project could have for the regio long-term, said Covington Mayor Denny Bowman. “Ouf job is not to just do a rendering and not to just do a studuy but to continue all effort to see that we implementfthe plan,” Bowman said. “It takes time.
” Southbank and Vision 2015 have startecd to combine the governance groupz for the Ohio River and Licking Riverr projects that were onceseparate plans. And leaders in Norther n Kentucky’s river cities – from Bellevue to Bromle – have voiced support for the plan, said Bellevue Mayofr Jack Meyer, who is chairman of . “Wes would really be doing an injusticd if we just sat back andsaid let’d put this on hold until things get better,” Meyer said. And with the federal stimulus dollarss flowingfrom Washington, D.C.
, the project’s proponentse hope they can win some by makingb the case that the broader project would help the give residents more recreational opportunitiea and spur economic development all at the same time. “It’e difficult to say how great the opportunities are for obtaining funding,” said Roger Peterman, a partner with and chairmanb of . “But if we aren’t prepared, it’sa never going to happen.” Scheyet said the lobbying firm Southbank hired has important connections in Congressw that he hopes will help the community make its And CongressmanGeoff Davis, Sen. Jim Bunninv and Sen. Mitch McConnell all have been supportivew inthe past, he said.
Above all, said the chamber’w Stevens, everyone realizes that a projecr of this magnitude willtake time. The key, he said, is to get starter and make the case with aunited “This economy’s going to turn around,” Peterman said. “Andc we need to be positioned to take advantag eof that.”
Saturday, March 5, 2011
Comcast targets small biz in its broadband marketing - San Francisco Business Times:
http://hollywood-hero.us/The%20Passion%20of%20the%20Christ-A%20Personal%20Review.htm
Comcast began what it calls a "soft launch" July 1 of a cabl e modem Internet service marketinhg campaign targetedat small- and home-basexd businesses in the Bay Area. Nationally, only 5 percen t of cable modem subscribersare businesses, industryh research shows. "Our competitors are going to be disappointer that we are going to spoil the marketfor them," says Woody Faircloth, director of business services for Comcast who is baserd in Pleasanton. Competitors are skeptical. They include , of San the dominant local telephone company in the Bay Area and partsd of 12other states; and , of Santa a provider of digital subscriber line (DSL) service.
Both Covax and SBC sell DSL andother business-class service (sucj as a T-1 line) to enterprises and haven'gt felt much competitive pressured from cable modem providers such as Comcast. "We rarelty run into a competitor from the cabld company inthat very-small-business space," says Pat executive vice president and general managerr of Covad's Broadband Solutions businesz in the Baltimore-Washington, D.C. area. "I'm surprised that [business is even 5 percent.
" Cable modem's businesas presence is small because its core cablde television service has long been targetefd atresidential customers, thus giving cabld companies a stronger foothold to sell them Internett access, says Mike Paxton, a seniorr analyst at In-Stat/MDR, a technology research firm in Scottsdale, Cable's reach has not been as by comparison, into the business, or enterprise, Mr. Paxton says. "To give cable credit, certain operators, such as Cox [Communicationws Inc.
] and Comcast, have been really pushingh marketing efforts towards the business communituybut it's a steep hill to climb," he because of the lead phone network-based serviced from SBC, Covad and others Atlanta-based Comcast has been selling its business service, called Comcast Pro, in its legacy markets where it has long offereed service. It is only now rolling out Comcast Pro in such as the Bay that it acquiredfrom AT&T Broadband in November 2002. "They have to come up with a menu of servicees that makes sense and a businesse model thatmakes sense," Mr. Paxtojn says. While weak in the enterprisd market, cable modem is stronh in the U.S residential market.
Research from Yankee Group, of gives cable modem about two-thirds of the broadbancd market in theUnited States, versusx DSL's approximately one-third. Cable modem had a one-and-a-haltf year head start over phone companies in sellingf broadband toresidential customers, says Yankee researcherr Michael Goodman. Phone companies dragged their feet on DSL becausde they thought it would cut into theitr business of selling two phone lines to residentiaocustomers -- one for voice and the other for the he says. Worldwide, however, DSL leads cablde because, while the cable infrastructureis well-developedd in the United States, that is not the case in many otherr countries, Mr.
Paxton The Comcast Pro serviceoffers 3.5 megabits per secondr download speed broadband service and other features for $95 a month, says Mr. versus the typical DSL servicd on a phone network that runs at a maximu download speedof 1.5 megabits per second. Phons companies say they have an edge over cabls modems in that they can bundls a variety of telecommunications services for small businesses at a bette r rate than what a cabld companycan offer. The SBC Connectiona small-business program offers a variethy of telecommunications packages atdifferent prices, says SBC spokesmab Fletcher Cook.
By buying local, long distance and wireles s phone service along withbroadband service, a business customer can save 25 percengt to 40 percent over purchasing thosde services separately, he says. "We feel no company can matcg the end-to-end experience of Mr. Cook says. But Comcast'ds Mr. Faircloth says by bundling small businesses may be buyingv servicesthey don't need, just to get the package
Comcast began what it calls a "soft launch" July 1 of a cabl e modem Internet service marketinhg campaign targetedat small- and home-basexd businesses in the Bay Area. Nationally, only 5 percen t of cable modem subscribersare businesses, industryh research shows. "Our competitors are going to be disappointer that we are going to spoil the marketfor them," says Woody Faircloth, director of business services for Comcast who is baserd in Pleasanton. Competitors are skeptical. They include , of San the dominant local telephone company in the Bay Area and partsd of 12other states; and , of Santa a provider of digital subscriber line (DSL) service.
Both Covax and SBC sell DSL andother business-class service (sucj as a T-1 line) to enterprises and haven'gt felt much competitive pressured from cable modem providers such as Comcast. "We rarelty run into a competitor from the cabld company inthat very-small-business space," says Pat executive vice president and general managerr of Covad's Broadband Solutions businesz in the Baltimore-Washington, D.C. area. "I'm surprised that [business is even 5 percent.
" Cable modem's businesas presence is small because its core cablde television service has long been targetefd atresidential customers, thus giving cabld companies a stronger foothold to sell them Internett access, says Mike Paxton, a seniorr analyst at In-Stat/MDR, a technology research firm in Scottsdale, Cable's reach has not been as by comparison, into the business, or enterprise, Mr. Paxton says. "To give cable credit, certain operators, such as Cox [Communicationws Inc.
] and Comcast, have been really pushingh marketing efforts towards the business communituybut it's a steep hill to climb," he because of the lead phone network-based serviced from SBC, Covad and others Atlanta-based Comcast has been selling its business service, called Comcast Pro, in its legacy markets where it has long offereed service. It is only now rolling out Comcast Pro in such as the Bay that it acquiredfrom AT&T Broadband in November 2002. "They have to come up with a menu of servicees that makes sense and a businesse model thatmakes sense," Mr. Paxtojn says. While weak in the enterprisd market, cable modem is stronh in the U.S residential market.
Research from Yankee Group, of gives cable modem about two-thirds of the broadbancd market in theUnited States, versusx DSL's approximately one-third. Cable modem had a one-and-a-haltf year head start over phone companies in sellingf broadband toresidential customers, says Yankee researcherr Michael Goodman. Phone companies dragged their feet on DSL becausde they thought it would cut into theitr business of selling two phone lines to residentiaocustomers -- one for voice and the other for the he says. Worldwide, however, DSL leads cablde because, while the cable infrastructureis well-developedd in the United States, that is not the case in many otherr countries, Mr.
Paxton The Comcast Pro serviceoffers 3.5 megabits per secondr download speed broadband service and other features for $95 a month, says Mr. versus the typical DSL servicd on a phone network that runs at a maximu download speedof 1.5 megabits per second. Phons companies say they have an edge over cabls modems in that they can bundls a variety of telecommunications services for small businesses at a bette r rate than what a cabld companycan offer. The SBC Connectiona small-business program offers a variethy of telecommunications packages atdifferent prices, says SBC spokesmab Fletcher Cook.
By buying local, long distance and wireles s phone service along withbroadband service, a business customer can save 25 percengt to 40 percent over purchasing thosde services separately, he says. "We feel no company can matcg the end-to-end experience of Mr. Cook says. But Comcast'ds Mr. Faircloth says by bundling small businesses may be buyingv servicesthey don't need, just to get the package
Thursday, March 3, 2011
Pending home sales jump; construction spending rises - Philadelphia Business Journal:
ucsffor-creditied.blogspot.com
Pending sales of existing homes, or contracts signed but not closed, rose 6.7 perceny in April from the National Association ofRealtors said. April’s pending saleas were up 3.2 percent from a year earlier. The bigges increase in April was inthe Northeast, where pending sales jumped 32.6 percent from the previouzs month. The NAR’s pending home sales index isa forward-looking gauge, and the groulp cautions that it is more volatilse than actual closed sales. “The relationship betweejn contracts on pending home sale s and closings on existing home sales is takin g longer than in the past for several NAR Chief Economist LawrenceYun said.
“Mortgage processing time has it is taking many months to closwe on those homes requiring shortr sales withlender approval, and some sales are falling througuh at the last moment.” The NAR’s housing affordabilitt index was also at its second-highesrt level on record in April. Along with pending sales of existing homes, total U.S. construction spending rose 0.8 percent in April from the biggest one-month increase since and was led by a jump in privatew andresidential construction, the U.S. said. A Bloombergf survey of 45 economists had projected a median dropof 1.
5 The Commerce Department reportg from the said that spending on private construction was at a seasonallgy adjusted annual rate of $657.3 up 1.4 percent from the reviseed March estimate of $648.2 billion. Residential construction rose 0.7 percentg to a seasonally adjusted annual rateof $249.12 billion. Nonresidential construction rose 1.8 percent to an annua l rate of $408.2 billion. Total publi construction fell in April, though spendingt on highway projects rose nearly 1 percent from the previous A separate report from the Commerce Department last week showecd constructionof single-family homes rose 2.8 percen in April, the second consecutive monthly increase.
Gains in single-family construction were overwhelmer by a 46 percent drop in apartment andcond buildings, bringing total housing starts down 13 percent in April.
Pending sales of existing homes, or contracts signed but not closed, rose 6.7 perceny in April from the National Association ofRealtors said. April’s pending saleas were up 3.2 percent from a year earlier. The bigges increase in April was inthe Northeast, where pending sales jumped 32.6 percent from the previouzs month. The NAR’s pending home sales index isa forward-looking gauge, and the groulp cautions that it is more volatilse than actual closed sales. “The relationship betweejn contracts on pending home sale s and closings on existing home sales is takin g longer than in the past for several NAR Chief Economist LawrenceYun said.
“Mortgage processing time has it is taking many months to closwe on those homes requiring shortr sales withlender approval, and some sales are falling througuh at the last moment.” The NAR’s housing affordabilitt index was also at its second-highesrt level on record in April. Along with pending sales of existing homes, total U.S. construction spending rose 0.8 percent in April from the biggest one-month increase since and was led by a jump in privatew andresidential construction, the U.S. said. A Bloombergf survey of 45 economists had projected a median dropof 1.
5 The Commerce Department reportg from the said that spending on private construction was at a seasonallgy adjusted annual rate of $657.3 up 1.4 percent from the reviseed March estimate of $648.2 billion. Residential construction rose 0.7 percentg to a seasonally adjusted annual rateof $249.12 billion. Nonresidential construction rose 1.8 percent to an annua l rate of $408.2 billion. Total publi construction fell in April, though spendingt on highway projects rose nearly 1 percent from the previous A separate report from the Commerce Department last week showecd constructionof single-family homes rose 2.8 percen in April, the second consecutive monthly increase.
Gains in single-family construction were overwhelmer by a 46 percent drop in apartment andcond buildings, bringing total housing starts down 13 percent in April.
Subscribe to:
Posts (Atom)