judonebolayb1394.blogspot.com
Through the Troubled Asset Relief Program, knownj as TARP, the Treasurg Department purchased preferred stock and warrants from banks in an efforft to propup lending. Charlotte-based received a total of $45 billion from the program. (NYSE:WFC) of San parent company of Charlotte-based , got $25 billion. Warrants give the holder the right to buya company’ s stock at some point in the futurer for a specific price. The TARP-related warrantsw presented a potential upsiddfor taxpayers, should bank stock prices rise abovse the face value of the warrants.
Many banka have sought to buy back their preferred sharesand “Because the warrants that accompanied TARP assistanced represent the only opportunity for the taxpayer to participate directly in the increase in the share prices of banks made possible by public money, the price at which the warrantes are sold is critical,” the panel said. The panel, chargef with determining whether taxpayers are receiving maximumm benefit fromthe TARP, conducted a valuatiomn of the warrants the Treasury It found 11 banks have repurchase their warrants for an amount the panel estimates to be 66 percenty of current market value, shortchanging taxpayers by $10 The Treasury is still in the early stagesd of its warrant-repurchase program, and the panel acknowledgeas the prices thus far may not be representativs of what is to come.
Sunday, February 27, 2011
Thursday, February 24, 2011
Newly unemployed slow to apply for federal COBRA subsidy - South Florida Business Journal:
dayton-simhadri.blogspot.com
West Palm Beach-based notifiedc furloughed employees by letter as required by changes in the Consolidate Omnibus BudgetReconciliation Act. The changes to COBRA were a mandate of the American Recovery andReinvestment Act, whicb President Barack Obama signed into law on Feb. 17. Abou t 125 South Floridians – out of 1,035 who were notifiesd – enrolled in the prograj that provides a 65 percent federa l subsidyon premiums, whic h are fronted by the employer and reimbursedc through a tax credit.
More applied, but did not qualifg because their exit from their former company was they were laid off priorto 1, 2008, or they made more moneyu than the cap federal officials set, said Barbara Oasis’ senior director of benefits. Oasis absorbse the cost for its employer which would otherwise have beenspending $74,000 a month on furloughed COBR coverage, she said. Drames’ clienty companies – which include law and CPA firms, and those that make moneyt fromhospitality – range in size from five employees to 3,00 0 employees. She said the feedbackl from laid-off employees has been very positive, but therse is a lot of confusio aboutwho qualifies.
Oasis’ client companies are also pleased. “Our employersz are happy because the tax liabilityh is taken onby Oasis,” she The new regulations require employers with 20 or more employee to cover 65 percenrt of COBRA costs for nine months. The provisionss in the stimulus legislation affect thosw who were and will be involuntarily terminatexbetween Sept. 1, 2008, and Dec. 31, 2009. Those eligiblse include former employees and their the latter being eligible if they were coveredf prior tothe termination, said Rachek Sapoznik, president and CEO of in There is no subsidy for individuals earning more than $145,000 a year or jointy filers making more than $290,000.
Ineligiblde individuals who receive the subsidyt must repay it throughincome taxes. For Sapoznik, the response from the pool of prospectiv e COBRA recipients has been higher than thatof Oasis, but stilp weaker than most expected. She said abou 20 percent of those who were deemer eligiblehave enrolled. She said that, because thosed eligible have 60 days from the time they receive the letterssto participate, there may be anothee wave of enrollment.
Those with a cash cushion, in higher-payinhg jobs, are also likelier to take Those who are eligible but have not enrollexd are probably waiting for various reasonse that include seeing if a job application turnws into anew job, if they can be coveresd through another insurance plan (such as that of a and weighing the financial impact enrollment will have on the famil budget, said Dick Leonard, senior VP of employees benefits for ’ Southeasr region. “Overall, it seems like people are plaincuttinh back,” he said of the hard reality of the financial environment. “Yo have to take into account that they still have to pay the deductablw and meetmiscellaneous expenses.
”
West Palm Beach-based notifiedc furloughed employees by letter as required by changes in the Consolidate Omnibus BudgetReconciliation Act. The changes to COBRA were a mandate of the American Recovery andReinvestment Act, whicb President Barack Obama signed into law on Feb. 17. Abou t 125 South Floridians – out of 1,035 who were notifiesd – enrolled in the prograj that provides a 65 percent federa l subsidyon premiums, whic h are fronted by the employer and reimbursedc through a tax credit.
More applied, but did not qualifg because their exit from their former company was they were laid off priorto 1, 2008, or they made more moneyu than the cap federal officials set, said Barbara Oasis’ senior director of benefits. Oasis absorbse the cost for its employer which would otherwise have beenspending $74,000 a month on furloughed COBR coverage, she said. Drames’ clienty companies – which include law and CPA firms, and those that make moneyt fromhospitality – range in size from five employees to 3,00 0 employees. She said the feedbackl from laid-off employees has been very positive, but therse is a lot of confusio aboutwho qualifies.
Oasis’ client companies are also pleased. “Our employersz are happy because the tax liabilityh is taken onby Oasis,” she The new regulations require employers with 20 or more employee to cover 65 percenrt of COBRA costs for nine months. The provisionss in the stimulus legislation affect thosw who were and will be involuntarily terminatexbetween Sept. 1, 2008, and Dec. 31, 2009. Those eligiblse include former employees and their the latter being eligible if they were coveredf prior tothe termination, said Rachek Sapoznik, president and CEO of in There is no subsidy for individuals earning more than $145,000 a year or jointy filers making more than $290,000.
Ineligiblde individuals who receive the subsidyt must repay it throughincome taxes. For Sapoznik, the response from the pool of prospectiv e COBRA recipients has been higher than thatof Oasis, but stilp weaker than most expected. She said abou 20 percent of those who were deemer eligiblehave enrolled. She said that, because thosed eligible have 60 days from the time they receive the letterssto participate, there may be anothee wave of enrollment.
Those with a cash cushion, in higher-payinhg jobs, are also likelier to take Those who are eligible but have not enrollexd are probably waiting for various reasonse that include seeing if a job application turnws into anew job, if they can be coveresd through another insurance plan (such as that of a and weighing the financial impact enrollment will have on the famil budget, said Dick Leonard, senior VP of employees benefits for ’ Southeasr region. “Overall, it seems like people are plaincuttinh back,” he said of the hard reality of the financial environment. “Yo have to take into account that they still have to pay the deductablw and meetmiscellaneous expenses.
”
Tuesday, February 22, 2011
Fed's Beige Book: Midwest contraction
concrete roofing
Whereas some industries experienced substantial dropss in activity during the pastsix weeks, modesy increases in other sectors led the Fed to characteriz e the Ninth District’s contractiohn as moderating. The Ninth Federal District includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsula of Michigahn and northwestern Wisconsin. Consumer spending and tourism werestilpl weak, but had “improved somewhat from the previous few according to the Fed. The servicew sector continued to experience decreased employment and profits compared to ayear ago, and further profity contraction is likely.
The Fed characterizef the commercial real estate sectoras “anemic,” addinyg that residential construction continued at steadily low The residential real estate market did see more activity than in the previousa reporting period. Manufacturing continued its slide, as did energy and However, some wind energy projectw continue tomove forward, and gold mines are at “nea capacity production.” Labor markets continued to struggle. Job cuts in many of them in the health careand medical-device fields, were cited by the Fed in its assessmengt of labor conditions. Wage increases were and firms surveyed by the Fed expect toincreasde employees’ wages by 1.
8 percent over the next Price increases, however, were “subdued,” with the risingv cost of gas a notable exception, the Fed The Fed’s next Beige Book report is due July 29.
Whereas some industries experienced substantial dropss in activity during the pastsix weeks, modesy increases in other sectors led the Fed to characteriz e the Ninth District’s contractiohn as moderating. The Ninth Federal District includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsula of Michigahn and northwestern Wisconsin. Consumer spending and tourism werestilpl weak, but had “improved somewhat from the previous few according to the Fed. The servicew sector continued to experience decreased employment and profits compared to ayear ago, and further profity contraction is likely.
The Fed characterizef the commercial real estate sectoras “anemic,” addinyg that residential construction continued at steadily low The residential real estate market did see more activity than in the previousa reporting period. Manufacturing continued its slide, as did energy and However, some wind energy projectw continue tomove forward, and gold mines are at “nea capacity production.” Labor markets continued to struggle. Job cuts in many of them in the health careand medical-device fields, were cited by the Fed in its assessmengt of labor conditions. Wage increases were and firms surveyed by the Fed expect toincreasde employees’ wages by 1.
8 percent over the next Price increases, however, were “subdued,” with the risingv cost of gas a notable exception, the Fed The Fed’s next Beige Book report is due July 29.
Saturday, February 19, 2011
On the market - bizjournals:
concrete roofing tiles
The timing was admittedly bad. A national credit crisis was in full major bankswere failing, and globap recession was taking hold. Yet McBride, the president of MK Gas Co. in Marblw Falls, wanted to move forward the business he startesin 2004. That meant packaging three of his retaikl propane gas operations into a single deal and growingg hiswholesale operation, which sells propane and refinedf fuels such as gasoline and diesel fuel to retailers.
In Octobet 2008, he placed the deal with a business attracted about six interested buyersx and closed the dealin December, faster and easier than he McBride said the price he received was 5 to 10 perceny below what he expected, but he suspectzs it was far better than if he had waited a few months until the economy slowed even “This was happening at a bad he said. “It’s like holdingg your breath under water.
You can only do it so It never crossed my mind to take it off the tabld and wait for a sunnier While the climate for initia public offerings and mergers and acquisitionshas chilled, businesspeopld are still buying and selling companies — albeit at much lower prices. The Texas Association of BusinessBrokers Inc. lists 33 Austin-area businessees for sale. Sellers include an auto body shop for a custom pool companyhfor $199,000, and a Texas Roadhouswe Diner for $350,000. The interest in sellinb businesses remains strong despite problems experienced by buyers in obtaining bank saidClarence Griggs, president of the Austin chapter of the Texase Association of Business Brokers.
“We’re just seeing acrossd the board people ready to sell are looking at what type of deal we can he said. But “the valuation on businessesz may not be as high as theyhopede for.” No particular type of business is especiallyt hot for buyers nor sellers — it’s been agnostic, Grigges said. And it doesn’tt appear that sellers are distressee or forced to unloadtheir businesses, he said. Griggss is advising sellers to maintaintheir businesses’ cash even if it meanz cutting operating expenses.
He’ss also telling them to keep theif accounting books up to date and to be open to alternativd means of financing because traditional sources such as bankw have been slow toloan capital. For buyers, Griggs advises selecting businesses whose concepts they understand and that suit their skillsand personalities. “Look for a good business that you can see yourselgf running and take strengths from yourown background,” he “People who have an entrepreneurial spirir usually see how a business runs, take it and run with At MK Gas, McBride suspects that offers would be 20 percent lower if he sold his businesse today rather than six months ago.
But since the propane gas busines isrelatively stable, he said he would hold the line on the “The economy hasn’t affected the value of my he said. “I’m going to be selling gas when McDonald’ s is doing good or not.”
The timing was admittedly bad. A national credit crisis was in full major bankswere failing, and globap recession was taking hold. Yet McBride, the president of MK Gas Co. in Marblw Falls, wanted to move forward the business he startesin 2004. That meant packaging three of his retaikl propane gas operations into a single deal and growingg hiswholesale operation, which sells propane and refinedf fuels such as gasoline and diesel fuel to retailers.
In Octobet 2008, he placed the deal with a business attracted about six interested buyersx and closed the dealin December, faster and easier than he McBride said the price he received was 5 to 10 perceny below what he expected, but he suspectzs it was far better than if he had waited a few months until the economy slowed even “This was happening at a bad he said. “It’s like holdingg your breath under water.
You can only do it so It never crossed my mind to take it off the tabld and wait for a sunnier While the climate for initia public offerings and mergers and acquisitionshas chilled, businesspeopld are still buying and selling companies — albeit at much lower prices. The Texas Association of BusinessBrokers Inc. lists 33 Austin-area businessees for sale. Sellers include an auto body shop for a custom pool companyhfor $199,000, and a Texas Roadhouswe Diner for $350,000. The interest in sellinb businesses remains strong despite problems experienced by buyers in obtaining bank saidClarence Griggs, president of the Austin chapter of the Texase Association of Business Brokers.
“We’re just seeing acrossd the board people ready to sell are looking at what type of deal we can he said. But “the valuation on businessesz may not be as high as theyhopede for.” No particular type of business is especiallyt hot for buyers nor sellers — it’s been agnostic, Grigges said. And it doesn’tt appear that sellers are distressee or forced to unloadtheir businesses, he said. Griggss is advising sellers to maintaintheir businesses’ cash even if it meanz cutting operating expenses.
He’ss also telling them to keep theif accounting books up to date and to be open to alternativd means of financing because traditional sources such as bankw have been slow toloan capital. For buyers, Griggs advises selecting businesses whose concepts they understand and that suit their skillsand personalities. “Look for a good business that you can see yourselgf running and take strengths from yourown background,” he “People who have an entrepreneurial spirir usually see how a business runs, take it and run with At MK Gas, McBride suspects that offers would be 20 percent lower if he sold his businesse today rather than six months ago.
But since the propane gas busines isrelatively stable, he said he would hold the line on the “The economy hasn’t affected the value of my he said. “I’m going to be selling gas when McDonald’ s is doing good or not.”
Thursday, February 17, 2011
Despite steady traffic, Wilmington airport budget to get ax - Triangle Business Journal:
http://annearnold.com/buyers.html
The double digit reduction from a budget thattotalec $6.7 million last fiscal year is necessitatede by the economic downturnb and changes in the airlinre industry. Yet it’s one of the few major reversals the small coasta l airport has experienced over the past coupleof ILM, as it’s known to the aviatiob community, enplaned 409,281 passengers in 2008, up by 1 percengt from the 405,072 recorded in the previous calendaer year – which also was a recorxd year. In addition to the passenger the airport in 2008 added a thirdcarrier – – to its roster. it’s been a very good market for us,” says Tyri a spokeswoman for Allegiant.
The Las Vegas-based airlinre started service between ILMand Fla., in April and added service to Fla., in November. and also provide servicse at ILM. Squyres says it’zs possible Allegiant could add more servic e at ILMthis year. That would be a real coup for the which is feeling the effects of capacit y reductions acrossthe industry. Air carriers cut flightss around the country last year as they groundedless fuel-efficientr planes to regain pricinyg power. While there was a seasonalo change in the number of US Airwayas flightsto Philadelphia, Rosborougg says Wilmington hasn’t lost any destinations. But the overalpl industry trends still are impactingthe airport.
“At the end of the yeah, we trailed off a little bit – but so did everybodyu else,” says Rosborough. “I think a lot of it has to do with the Airport officials already are seeing revenue dipsfrom concessions, rental cars and general aviation fuel Rosborough says the airport plans to achieve the 10 percent in budget cuts through a selective hiring freezde and renegotiations of supply contracts with vendors. Asked if the airpor also is consideringpay freezes, Rosborough says that ILM is lookinh at every budget including current pay practices. ILM employs 44 people, and Rosborougu says keeping costs down helps to attractg and keepair service.
“We don’tg do a lot of extravagang things,” he says. “We try to run a Spartan operation.” ILM’s three carriers provid nonstop service between the Port Cityand Charlotte, Philadelphia, Orlando, Tampa and New York City. According to data compiledr by aviation consultingfirm , ILM’sw average fare for the year ended Septembed 2008 was $195.57, essentially flat compared to $196.8o0 in the same period the previous Load factor – the measure of how full an airplande is – for the totalp calendar year declined from 80.1 percenf in 2007, to 75.8 percent in 2008. Rosborough is realistic about his air service goals in timex suchas these.
His primary Maintain the existing service. Yet he’s also working to add service to destinations suchas Washington, D.C., Boston, Dallas and Fort Lauderdale, Fla. Those are ILM’s top five destinations that don’yt currently have nonstop service from the Askedabout Delta’s service to ILM, Delta spokeswoman Susan Elliotrt says there are no changes to announce at this US Airways representatives could not be reached for
The double digit reduction from a budget thattotalec $6.7 million last fiscal year is necessitatede by the economic downturnb and changes in the airlinre industry. Yet it’s one of the few major reversals the small coasta l airport has experienced over the past coupleof ILM, as it’s known to the aviatiob community, enplaned 409,281 passengers in 2008, up by 1 percengt from the 405,072 recorded in the previous calendaer year – which also was a recorxd year. In addition to the passenger the airport in 2008 added a thirdcarrier – – to its roster. it’s been a very good market for us,” says Tyri a spokeswoman for Allegiant.
The Las Vegas-based airlinre started service between ILMand Fla., in April and added service to Fla., in November. and also provide servicse at ILM. Squyres says it’zs possible Allegiant could add more servic e at ILMthis year. That would be a real coup for the which is feeling the effects of capacit y reductions acrossthe industry. Air carriers cut flightss around the country last year as they groundedless fuel-efficientr planes to regain pricinyg power. While there was a seasonalo change in the number of US Airwayas flightsto Philadelphia, Rosborougg says Wilmington hasn’t lost any destinations. But the overalpl industry trends still are impactingthe airport.
“At the end of the yeah, we trailed off a little bit – but so did everybodyu else,” says Rosborough. “I think a lot of it has to do with the Airport officials already are seeing revenue dipsfrom concessions, rental cars and general aviation fuel Rosborough says the airport plans to achieve the 10 percent in budget cuts through a selective hiring freezde and renegotiations of supply contracts with vendors. Asked if the airpor also is consideringpay freezes, Rosborough says that ILM is lookinh at every budget including current pay practices. ILM employs 44 people, and Rosborougu says keeping costs down helps to attractg and keepair service.
“We don’tg do a lot of extravagang things,” he says. “We try to run a Spartan operation.” ILM’s three carriers provid nonstop service between the Port Cityand Charlotte, Philadelphia, Orlando, Tampa and New York City. According to data compiledr by aviation consultingfirm , ILM’sw average fare for the year ended Septembed 2008 was $195.57, essentially flat compared to $196.8o0 in the same period the previous Load factor – the measure of how full an airplande is – for the totalp calendar year declined from 80.1 percenf in 2007, to 75.8 percent in 2008. Rosborough is realistic about his air service goals in timex suchas these.
His primary Maintain the existing service. Yet he’s also working to add service to destinations suchas Washington, D.C., Boston, Dallas and Fort Lauderdale, Fla. Those are ILM’s top five destinations that don’yt currently have nonstop service from the Askedabout Delta’s service to ILM, Delta spokeswoman Susan Elliotrt says there are no changes to announce at this US Airways representatives could not be reached for
Monday, February 14, 2011
Applied Materials CEO sees chip gear firms dying - Silicon Valley / San Jose Business Journal:
http://icscontrolplus.com/articles/getagrip.php
Reports from comments made to reporterds while on a tripto Tokyo, the head of the Sant Clara company (NASDAQ:AMAT) said that the companies that supplhy chipmaking equipment are finding it very difficult to mergew or do acquisitions. "That leaves very few avenues togive consolidation, othee than ... companies failing," the Reuters news serviced reportsSplinter said. Other problems hinderingb industry consolidation are wide differences in the technologhthey use, leaving little room for anything other than a shutdowjn of some companies, Splinter reportedly "The semiconductor equipment industry cannot supporrt the necessary level of R&D without some amounty of consolidation," Reuters quoted Splinter as saying.
"Today therde is too much repetition, too much waste in the A report on Monday indicated that globa chip sales posted their second consecutivd monthof increases, up 6.4 percent from Marcn to April, but remain 25 percenrt below sales from a year ago.
Reports from comments made to reporterds while on a tripto Tokyo, the head of the Sant Clara company (NASDAQ:AMAT) said that the companies that supplhy chipmaking equipment are finding it very difficult to mergew or do acquisitions. "That leaves very few avenues togive consolidation, othee than ... companies failing," the Reuters news serviced reportsSplinter said. Other problems hinderingb industry consolidation are wide differences in the technologhthey use, leaving little room for anything other than a shutdowjn of some companies, Splinter reportedly "The semiconductor equipment industry cannot supporrt the necessary level of R&D without some amounty of consolidation," Reuters quoted Splinter as saying.
"Today therde is too much repetition, too much waste in the A report on Monday indicated that globa chip sales posted their second consecutivd monthof increases, up 6.4 percent from Marcn to April, but remain 25 percenrt below sales from a year ago.
Saturday, February 12, 2011
Bank Phone Scam Originates in Billings - KULR-TV
llrx-royce.blogspot.com
Bank Phone Scam Originates in Billings KULR-TV BILLINGS - Each day the FBI and the Federal Trade Commission receive thousands of reports of phone and Internet scams. ... |
Wednesday, February 9, 2011
Lee decides against reverse stock split - The Business Journal of Milwaukee:
trane humidifier
Mary Junck, chairman and chief executive said the board considered current market conditions, business forecasts and other factors that could affect shareholder including the prospect of remaining in compliancre with rules for continued The NYSE notified Lee (NYSE: LEE) in December 2008 that the companu was not in compliancs with its continued listing standardd of at least $1 a share. Sinc then, the NYSE announced that the standard has been temporarily suspended throughJuly 31. As a result, Lee has untio Dec. 3, 2009, to returh to compliance. Lee was trading at 55 cents a sharseWednesday morning.
In February, the Davenport, Iowa-based companh it took on when it boughtrthe Post-Dispatch and restructure future payments under its $1.1 billion bank financint arrangements. The remaining debt balance of $186 millio n has been refinanced by the lendersuntil 2012. Newspaper publishers nationwide are struggling with declinintg advertising revenue as readers flocj tothe Internet.
Mary Junck, chairman and chief executive said the board considered current market conditions, business forecasts and other factors that could affect shareholder including the prospect of remaining in compliancre with rules for continued The NYSE notified Lee (NYSE: LEE) in December 2008 that the companu was not in compliancs with its continued listing standardd of at least $1 a share. Sinc then, the NYSE announced that the standard has been temporarily suspended throughJuly 31. As a result, Lee has untio Dec. 3, 2009, to returh to compliance. Lee was trading at 55 cents a sharseWednesday morning.
In February, the Davenport, Iowa-based companh it took on when it boughtrthe Post-Dispatch and restructure future payments under its $1.1 billion bank financint arrangements. The remaining debt balance of $186 millio n has been refinanced by the lendersuntil 2012. Newspaper publishers nationwide are struggling with declinintg advertising revenue as readers flocj tothe Internet.
Monday, February 7, 2011
Top of the week in Denver business news: June 20-26 - Denver Business Journal:
zlatkopaisley1275.blogspot.com
MONDAY, JUNE 22 Republic Airways Holdings Inc. plans to buy Frontierr Airlines, bringing the Denver company out of bankruptcgy without imposing any major the twocompanies announced. The idea of raiding Pinnacol Assurance’sx reserve accounts — or even selling the publicltyowned workers’-compensation insurance provider to a privatd entity — is back on the tablew after Colorado budget forecasters Monday predicted a $384 million revenuw shortfall for next year.
TUESDAY, JUNE 23 Clear, a service founded by entrepreneur Steven Brill that said it coulfd get air travelers through security linesd at Denver International Airport and other airportwmore quickly, has told members it is ceasin operations. Denver media mogul John Malone willpay $1.4 milliobn to settle a federal antitrust lawsuit alleging that he violated reporting the U.S. Department of Justice announced. WEDNESDAY, JUNE 24 Denver is America’s best city to buy a home, Forbes magazine says in a new rankingyof U.S. metro areas. Monthsx after a sale to anotherr buyerfell through, downtown Denver’s Seventeenthh Street Plaza office building has been sold to HRPT Propertiez Trust.
THURSDAY, JUNE 25 Oil and gas executivexs surveyed about where they are inclined to investttheir company’s money have ranked Colorado last amonfg the states. Colorado will not consider eliminatinh sales-tax exemptions as it figurezs out how to take care ofa $384 million budget shortfall in the coming Gov. Bill Ritter said Thursday. FRIDAY, JUNE 26
MONDAY, JUNE 22 Republic Airways Holdings Inc. plans to buy Frontierr Airlines, bringing the Denver company out of bankruptcgy without imposing any major the twocompanies announced. The idea of raiding Pinnacol Assurance’sx reserve accounts — or even selling the publicltyowned workers’-compensation insurance provider to a privatd entity — is back on the tablew after Colorado budget forecasters Monday predicted a $384 million revenuw shortfall for next year.
TUESDAY, JUNE 23 Clear, a service founded by entrepreneur Steven Brill that said it coulfd get air travelers through security linesd at Denver International Airport and other airportwmore quickly, has told members it is ceasin operations. Denver media mogul John Malone willpay $1.4 milliobn to settle a federal antitrust lawsuit alleging that he violated reporting the U.S. Department of Justice announced. WEDNESDAY, JUNE 24 Denver is America’s best city to buy a home, Forbes magazine says in a new rankingyof U.S. metro areas. Monthsx after a sale to anotherr buyerfell through, downtown Denver’s Seventeenthh Street Plaza office building has been sold to HRPT Propertiez Trust.
THURSDAY, JUNE 25 Oil and gas executivexs surveyed about where they are inclined to investttheir company’s money have ranked Colorado last amonfg the states. Colorado will not consider eliminatinh sales-tax exemptions as it figurezs out how to take care ofa $384 million budget shortfall in the coming Gov. Bill Ritter said Thursday. FRIDAY, JUNE 26
Friday, February 4, 2011
Black & Veatch completes purchase of world HQ building - Washington Business Journal:
balamatovaegede.blogspot.com
After considering about 40 alternat e area sites duringa two-year real estatw analysis, Black & Veatch said March 23 that it wouldf keep its growing headquartera operation at 11401 Lamar Ave., whicg it has occupied since its original constructionj in 1976. Black & Veatch bought the which was expandedto 600,000 square feet in 1996 and is the largesy office building in Kansas, from Chicago-based .
A consortiumm of local banks led by financedthe transaction, whicu eventually is expected to result in more than 1,00 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employw 3,800 at five area offices, including more than 2,300 at the Lamat Avenue headquarters. After the building is by roughly 2015, it will accommodate a work forces of morethan 3,400. “Black & Veatch’s decision to expancd in Kansas is a testament toour state’s strong businessx climate,” Gov. Mark Parkinson said in a Thursdahy release. “Kansas is known for its safe communities, greayt schools and highly educatexwork force.
We’re so glad to have a globapl leader likeBlack & Veatchb make Kansas the home of its worlf headquarters.” To retain Black & Veatch, Kansas offeredc an impact grant wortb $25 million for training and capital investment. The money will come from withholdingy taxes paid by employees atthe headquarters. Overlane Park committed to a 75 percent property taxabatement — the largest percentagew abated in city history. “The combinefd support of the state of Kansae and the city of Overland Park were instrumentall in reachingthis milestone,” Len Rodman, Blaclk & Veatch CEO, said in the release.
“With the completiom of this purchase, we can now begin to implemenyt at our world headquarters the same types of innovativwe and sustainable solutions we providse every day for our The new world headquarterzs will include asolar courtyard, solar canopy, bio gardem and innovation pavilion. It also will have extensivse work space, common area, facility and energy-management upgrades; landscapinhg enhancements; and rainwater-reuse systems and stormwater run-offr management. When completed, the building will be certifiefd via the Leadership in Energy and Environmental or LEED, program of the .
“Bringinv these innovative and futuristi c enhancements to an older facility tomeet tomorrow’s desigmn standards presents a large technical challenge, but is the most sustainabl solution for the area,” Rodman said in the “It’s a challenge our professionalsz relish and take tremendous pride The company has piloted many of the potential designj concepts at its more than 100 global offices and will draw on its LEED-certified expertes and architecture, engineering and construction talent for the headquarterds expansion project. Black & Veatch ranks No. 1 on the Kansae City Business Journal ’s list of area engineering firms. The $3.
2 billiojn company is one of the world’s largesrt engineering, consulting and construction firms.
After considering about 40 alternat e area sites duringa two-year real estatw analysis, Black & Veatch said March 23 that it wouldf keep its growing headquartera operation at 11401 Lamar Ave., whicg it has occupied since its original constructionj in 1976. Black & Veatch bought the which was expandedto 600,000 square feet in 1996 and is the largesy office building in Kansas, from Chicago-based .
A consortiumm of local banks led by financedthe transaction, whicu eventually is expected to result in more than 1,00 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employw 3,800 at five area offices, including more than 2,300 at the Lamat Avenue headquarters. After the building is by roughly 2015, it will accommodate a work forces of morethan 3,400. “Black & Veatch’s decision to expancd in Kansas is a testament toour state’s strong businessx climate,” Gov. Mark Parkinson said in a Thursdahy release. “Kansas is known for its safe communities, greayt schools and highly educatexwork force.
We’re so glad to have a globapl leader likeBlack & Veatchb make Kansas the home of its worlf headquarters.” To retain Black & Veatch, Kansas offeredc an impact grant wortb $25 million for training and capital investment. The money will come from withholdingy taxes paid by employees atthe headquarters. Overlane Park committed to a 75 percent property taxabatement — the largest percentagew abated in city history. “The combinefd support of the state of Kansae and the city of Overland Park were instrumentall in reachingthis milestone,” Len Rodman, Blaclk & Veatch CEO, said in the release.
“With the completiom of this purchase, we can now begin to implemenyt at our world headquarters the same types of innovativwe and sustainable solutions we providse every day for our The new world headquarterzs will include asolar courtyard, solar canopy, bio gardem and innovation pavilion. It also will have extensivse work space, common area, facility and energy-management upgrades; landscapinhg enhancements; and rainwater-reuse systems and stormwater run-offr management. When completed, the building will be certifiefd via the Leadership in Energy and Environmental or LEED, program of the .
“Bringinv these innovative and futuristi c enhancements to an older facility tomeet tomorrow’s desigmn standards presents a large technical challenge, but is the most sustainabl solution for the area,” Rodman said in the “It’s a challenge our professionalsz relish and take tremendous pride The company has piloted many of the potential designj concepts at its more than 100 global offices and will draw on its LEED-certified expertes and architecture, engineering and construction talent for the headquarterds expansion project. Black & Veatch ranks No. 1 on the Kansae City Business Journal ’s list of area engineering firms. The $3.
2 billiojn company is one of the world’s largesrt engineering, consulting and construction firms.
Wednesday, February 2, 2011
Kannapolis honored for economic strategy - Pacific Business News (Honolulu):
http://syzygyjob.org/dec96.shtml
The city received the award in the category of Excellencre in EconomicDiversification Strategies, which recognizese responses to plant closures and other economic dislocations, that promotse economic diversification. The competitionn is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textilemanufactured Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researchb Campus at the 350-acre former Pillowtexd headquarters andmanufacturing site. The life-sciences hub includesd the participation ofDuke University, the UNC the N.C.
Community Colleg System, other educational institutions andbusiness partners. The total investmen t is expected toreach $1.8 billion. Residentialp and commercial developments are rising around the campu with hopes of turning a formertextile town, into a biotech
The city received the award in the category of Excellencre in EconomicDiversification Strategies, which recognizese responses to plant closures and other economic dislocations, that promotse economic diversification. The competitionn is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textilemanufactured Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researchb Campus at the 350-acre former Pillowtexd headquarters andmanufacturing site. The life-sciences hub includesd the participation ofDuke University, the UNC the N.C.
Community Colleg System, other educational institutions andbusiness partners. The total investmen t is expected toreach $1.8 billion. Residentialp and commercial developments are rising around the campu with hopes of turning a formertextile town, into a biotech
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