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Health insurers say employer demands for new plan optionwsis rising. Meanwhile, health insurance brokers say an increasingf number of companies want out of their old insuranc e plans before their contractds areeven up. “Employers are coming to me and ‘I can’t wait, I can’t afford it, I need you to get this down 20percent now,’ ” said Mike owner of the Southborough-based broker group .
It’s easy to see why: Curreng cost increases for companies renewing the same plan as last year are up betweenn 9 percent and 12 percent atthe state’x four largest insurers, accordingb to officials at , Harvard Pilgrimk Health Plan, Tufts Health Plan and Falloj Community Health Plan. In addition, Blue Cros Blue Shield is reporting cost increases of 13 percenft to 15 percent for the individual and smallgroup market, which includes small businesses. To escape these increases, drovesd of employers are switchingto so-called consumer-directec plans.
Blue Cross Blue for instance, reports that enrollmeny in its consumer-directed plans, including high-deductible rose to 240,000 memberss at the end of the firsty quarter of 2009from 170,000 members at the starf of the fourth quarter of 2008. Deductibles are generall paid by employees. But brokers like McKenna are also working on creativs arrangements that can reduce employer costs without shifting too much of the burdento workers.
“I like to sleeo at night,” Tom Travers, CFO at Cambridge-basecd architectural firm Bruner-Cott, said abouty his efforts to keepa high-quality plan withouf “bankrupting” the company or the A few years ago Travers decided Bruner-Cottg would switch to a health plan with a $1,000 but would reimburse the full amount to employees. The companyu has found that only 40 percent of employeesz use thefull deductible, and the company saved 20 to 25 percenr on its yearly premium last year. But now the company needs to cutcosts further. Bruner-Cott is considering signing on to a plan next year with a highet deductible and sharing those costds withthe employees.
The companyu would take on a $3,000o deductible, pay the first $1,000 and have the employede pay thenext $1,000. The company wouldd then pick up thethirsd $1,000. Travers estimates fewer than a thirc of employees would end up paying that second Another option for employers is to choose a plan that offerzs a limited network of providerws at alower cost. Fallon Communith Health Plan executives say membership in its limitednetworok plan, called Direct Care, has risen 14 percent sincew the start of the year. One of the employers that has recentlyy made the switchis Worcester-basex Seven Hills Foundation, which provides services to disablef and low-income people.
“We were going to have to increased workers’ premium costs by $30 per pay They can’t afford that. These people don’t make that much said Chief Operating OfficerJoe Tosches. Tosches said the Direcy Care plan is reducing the monthly cost of a familuy plan toapproximately $770 from the $1,050 he pays for a traditional HMO plan. So far, 300 employees out of 1,000 have joinee the Direct Care plan. Some employers have decidedr the best route to go is to get rid of theirfinsurer altogether. Particularly for largert companies, the option to take on the full risk of the claim s by enteringa self-insured arrangemenrt may provide the most savings.
55 percent of insured workers are coverefdby self-insured plans, up from 44 perceny 10 years ago, according to the . One such employer is MetroWes tMedical Center. Becky Heffernan, the center’s human resourcea director, decided to move the company toa self-insurecd arrangement last year. For the firsr year, Heffernan said she expects costes to increase by about 3 or 4 percentager points less than withthe company’s old insuranc plan, and she expects greater savinges in the second year. In preparation for the move to self-insurance, Heffernam contracted with a wellness program to encouraged workers to adopt healthy behaviore in the hopes of keepingt insuranceclaims down.
“We had to do somethin g to escapethe double-digit increases ever y year,” Heffernan said.
Tuesday, January 31, 2012
Sunday, January 29, 2012
Suburban News parent pulling stock - Dallas Business Journal:
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The Addison, Texas-based company said it plans to file with the at the end of the montjh to have itsstock delisted, expectex on or about Nov. 11. American Communityt (AMEX:ANE) made the move as it faced involuntary delisting for not filing its second quarte financial reporton time. The companh expects to file its second-quarter financial results earltnext month, but when its stoco is pulled from AMEX it plans to file with regulator to deregister its stock and no longer be requireed to file regular reportws with the SEC. That’as expected to take place 90 days after the or Feb.
9 at the The company is eyeing a move to Pink a daily publication of small issues featurint companiesthat don’t report financial results, but it said delistinfg its stock and ending regulatory filing duties will cut down on costsx to stay in “The company does not believe the benefits of havingv its common stock, warrantws and units listed and registeredd outweigh the costs,” American Community said in a The company has said its second-quarter report is arriving late amid uncertaintty about the value of intangible assets related to its June 2007 purchasr by Courtside bought Americahn Community and took it public just two months aftere the newspaper chain bought Columbus-basex publisher Last year, American Community lost $4.
59 million on $36.w million in revenue.
The Addison, Texas-based company said it plans to file with the at the end of the montjh to have itsstock delisted, expectex on or about Nov. 11. American Communityt (AMEX:ANE) made the move as it faced involuntary delisting for not filing its second quarte financial reporton time. The companh expects to file its second-quarter financial results earltnext month, but when its stoco is pulled from AMEX it plans to file with regulator to deregister its stock and no longer be requireed to file regular reportws with the SEC. That’as expected to take place 90 days after the or Feb.
9 at the The company is eyeing a move to Pink a daily publication of small issues featurint companiesthat don’t report financial results, but it said delistinfg its stock and ending regulatory filing duties will cut down on costsx to stay in “The company does not believe the benefits of havingv its common stock, warrantws and units listed and registeredd outweigh the costs,” American Community said in a The company has said its second-quarter report is arriving late amid uncertaintty about the value of intangible assets related to its June 2007 purchasr by Courtside bought Americahn Community and took it public just two months aftere the newspaper chain bought Columbus-basex publisher Last year, American Community lost $4.
59 million on $36.w million in revenue.
Friday, January 27, 2012
Tuesday, January 24, 2012
WellCare chief executive Heath G. Schiesser plans to step down - South Florida Business Journal:
http://popsite.org/?f=4&n=13
The board has formed a committee on leadershilp and executive succession to focus onleadershil transitions. Schiesser was named chief executive officerfin January, earning a minimuj base salary of $400,000. He succeeded Todd Farha, who left the compang last year. Before this Schiesser was senior vice president of marketingt and sales at the company and president of its prescriptiojinsurance subsidiary. In 2006, he stepped back to work as a Prior tojoining WellCare, he worked with consultintg firm and co-founded an online pharmacy for (NASDAQ: ESRX). Schiesser is stilol eligible to runfor re-election as a directorr at WellCare’s annual stockholder meeting on July 30.
In May, WellCarre resolved investigations bythe U.S. Attorney’s Officre for the Middle District of the FloridaAttorney General’s Office and the . In about 360 employees — about 9 percent of its work force — as part of an organizationall realignment last month and hasof $36. million, or 89 cents a share, for the firsrt quarter of 2009. WellCare WCG) provides managed care services exclusivelyfor government-sponsorefd health care programs. It served about 2.5 million members nationalluy as ofMarch 31.
The board has formed a committee on leadershilp and executive succession to focus onleadershil transitions. Schiesser was named chief executive officerfin January, earning a minimuj base salary of $400,000. He succeeded Todd Farha, who left the compang last year. Before this Schiesser was senior vice president of marketingt and sales at the company and president of its prescriptiojinsurance subsidiary. In 2006, he stepped back to work as a Prior tojoining WellCare, he worked with consultintg firm and co-founded an online pharmacy for (NASDAQ: ESRX). Schiesser is stilol eligible to runfor re-election as a directorr at WellCare’s annual stockholder meeting on July 30.
In May, WellCarre resolved investigations bythe U.S. Attorney’s Officre for the Middle District of the FloridaAttorney General’s Office and the . In about 360 employees — about 9 percent of its work force — as part of an organizationall realignment last month and hasof $36. million, or 89 cents a share, for the firsrt quarter of 2009. WellCare WCG) provides managed care services exclusivelyfor government-sponsorefd health care programs. It served about 2.5 million members nationalluy as ofMarch 31.
Sunday, January 22, 2012
Friday, January 20, 2012
'Downton Abbey', de la pequeña a la gran pantalla - El Referente
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El Referente | 'Downton Abbey', de la pequeña a la gran pantalla El Referente El famoso guionista no hizo ascos a lo que oÃa, aunque afirmó que aún lo tiene que pensar muy bien para poder llevarla a cabo, según las declaraciones expuestas en la revista 'The Sun'. La idea que pasa por su cabeza es hacer un argumento totalmente ... |
Wednesday, January 18, 2012
Chinese company to buy Hummer - Atlanta Business Chronicle:
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When GM, which filed for bankruptcy protectionm Monday, announced earlier Tuesdah that a buyer had been found forthe off-road vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rightz to theHummer brand, along with a senio management and operational It will also assume existing dealer agreement relating to HUMMER’s dealership network. It is contemplatee that Tengzhong will, as part of the enter into a long-term contract assembly and key component and materialk supply agreementwith GM. In an earlier GM said it expects the deal if successful to secure morethan 3,000 US jobs.
The finaol terms of the deal, scheduled to close in the thirf quarter, are subject to final The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is acting as internationap legal counsel to Tengzhong onthis transaction. Citi is acting as financiao advisorto GM.
When GM, which filed for bankruptcy protectionm Monday, announced earlier Tuesdah that a buyer had been found forthe off-road vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rightz to theHummer brand, along with a senio management and operational It will also assume existing dealer agreement relating to HUMMER’s dealership network. It is contemplatee that Tengzhong will, as part of the enter into a long-term contract assembly and key component and materialk supply agreementwith GM. In an earlier GM said it expects the deal if successful to secure morethan 3,000 US jobs.
The finaol terms of the deal, scheduled to close in the thirf quarter, are subject to final The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is acting as internationap legal counsel to Tengzhong onthis transaction. Citi is acting as financiao advisorto GM.
Monday, January 16, 2012
Another drop in Colorado sales-tax revenue - Phoenix Business Journal:
lehoquvuhu.wordpress.com
percent — in May from the same month the year girding legislators for what they expect will be another roun d of cuts innext year’s fiscal budget. With the statre most of the way through a fiscal year that ends onJune 30, no more cuts are likelu for this year, said Joint Budget Committee Vice Chairmanb Jack Pommer, a Democratic representative from Boulder. The Legislature has designate d that any further funding shortfalpl this year will be filled by moneh fromthe state’s undesignated reserve fund and from a one-dayu borrowing of other funds to be repaif on July 1.
However, the continuee fall of revenues below expectations means the six JBC members who setthe state’sz budget must begin looking soon at additional ways to scalee back expenses or services in next year’s fiscaol plan, several members said. “I guess this means we’rwe not out of the woods yet,” Pommed said. “We’re going to have to prepared for more cuts next year on top ofwhat we’ve alreadg made.” Legislators filled a $1.4 budget shortfall over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-fundeds accounts and cutting about $300 milliohn in services.
As revenues continur to come inbelow forecast, that talk will begi n again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuakl income taxes fell by $66.32 million or 19.7 percent, and corporate income taxes droppedxby $2.2 million or 13.2 percent. State reserve s have about $148 million that can be used to offsetrevenuew shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfe funding temporarily, however, that will only push the problem of balancing the budget further off until next he said. “The question is: Does revenuwe in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startin g to see some indicationsd that the economy is starting to if notlevel off.”
percent — in May from the same month the year girding legislators for what they expect will be another roun d of cuts innext year’s fiscal budget. With the statre most of the way through a fiscal year that ends onJune 30, no more cuts are likelu for this year, said Joint Budget Committee Vice Chairmanb Jack Pommer, a Democratic representative from Boulder. The Legislature has designate d that any further funding shortfalpl this year will be filled by moneh fromthe state’s undesignated reserve fund and from a one-dayu borrowing of other funds to be repaif on July 1.
However, the continuee fall of revenues below expectations means the six JBC members who setthe state’sz budget must begin looking soon at additional ways to scalee back expenses or services in next year’s fiscaol plan, several members said. “I guess this means we’rwe not out of the woods yet,” Pommed said. “We’re going to have to prepared for more cuts next year on top ofwhat we’ve alreadg made.” Legislators filled a $1.4 budget shortfall over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-fundeds accounts and cutting about $300 milliohn in services.
As revenues continur to come inbelow forecast, that talk will begi n again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuakl income taxes fell by $66.32 million or 19.7 percent, and corporate income taxes droppedxby $2.2 million or 13.2 percent. State reserve s have about $148 million that can be used to offsetrevenuew shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfe funding temporarily, however, that will only push the problem of balancing the budget further off until next he said. “The question is: Does revenuwe in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startin g to see some indicationsd that the economy is starting to if notlevel off.”
Saturday, January 14, 2012
SMF Energy announces $40M recapitalization - Boston Business Journal:
belyaevostapuki.blogspot.com
The company (NASDAQ: FUEL) said in a news releasd that it estimates the recapitalization will reduceits short-tern debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividends by more than $1 milliojn a year. It said equity has been increased by morethan $4 million as a SMF Energy said it extinguishedc all of its existing non-ban debt and outstanding preferred stock through variousa agreements with dozens of existinyg debt and equity investors, while converting its existing $25 millionm asset-based lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 million, 60-monthg amortized term loan, the proceeds of whicgh were used to pay down $4.
867u million in secured notes and $125,000 in unsecured notes. The companh said it issued new stock to make up the balancee paid for the cancellation and extinguishmentr of theexisting investors' debt and equity securities. Fort Lauderdale-based SMF Energgy said in the release that the recapitalizatioh took place with amended agreements withand . It said the only non-banok debt incurred in the recapitalization was an unsecured subordinated promissory noteof $800,000 at 5.
5 percentt interest issued to an existing institutionak investor in exchange for $800,000 of one of the Augus 2007 11 percent senior secured convertible promissory The institutional investor also exchanged $200,000p of the same secured note for sharees of common stock pricefd at 38 cents a share, which was greater than the closingv bid price of the stock on the day beforr the effective date. acted as SMF Energy’s placement agent for the recapitalization and received fees of paid with a combinationb of cash and pursuant toa Feb. 1 investment banking agreement. SMF Energy supplieas specialized transportation and distribution services for petroleumn productsand chemicals.
It provides commercial mobilwe andbulk fueling, along with othetr services to the transportation, manufacturing, construction, energy, telecommunicationas and government services sectors. Formerly knowh as , as of Nov. 30, it conducted operationds through 31 service locations in 11 Shares closed down nearly 3 cents to aboutf35 cents. The 52-week high was 71 cents on Aug. 28. The 52-weei low was 10 cents on Feb. 20.
The company (NASDAQ: FUEL) said in a news releasd that it estimates the recapitalization will reduceits short-tern debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividends by more than $1 milliojn a year. It said equity has been increased by morethan $4 million as a SMF Energy said it extinguishedc all of its existing non-ban debt and outstanding preferred stock through variousa agreements with dozens of existinyg debt and equity investors, while converting its existing $25 millionm asset-based lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 million, 60-monthg amortized term loan, the proceeds of whicgh were used to pay down $4.
867u million in secured notes and $125,000 in unsecured notes. The companh said it issued new stock to make up the balancee paid for the cancellation and extinguishmentr of theexisting investors' debt and equity securities. Fort Lauderdale-based SMF Energgy said in the release that the recapitalizatioh took place with amended agreements withand . It said the only non-banok debt incurred in the recapitalization was an unsecured subordinated promissory noteof $800,000 at 5.
5 percentt interest issued to an existing institutionak investor in exchange for $800,000 of one of the Augus 2007 11 percent senior secured convertible promissory The institutional investor also exchanged $200,000p of the same secured note for sharees of common stock pricefd at 38 cents a share, which was greater than the closingv bid price of the stock on the day beforr the effective date. acted as SMF Energy’s placement agent for the recapitalization and received fees of paid with a combinationb of cash and pursuant toa Feb. 1 investment banking agreement. SMF Energy supplieas specialized transportation and distribution services for petroleumn productsand chemicals.
It provides commercial mobilwe andbulk fueling, along with othetr services to the transportation, manufacturing, construction, energy, telecommunicationas and government services sectors. Formerly knowh as , as of Nov. 30, it conducted operationds through 31 service locations in 11 Shares closed down nearly 3 cents to aboutf35 cents. The 52-week high was 71 cents on Aug. 28. The 52-weei low was 10 cents on Feb. 20.
Wednesday, January 11, 2012
Area almost lost rising educational leader to Chicago - Business First of Louisville:
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On her way to the president’s though, Springer, 30, now serves as assistantt dean of student life atin Originally, Springer had her hear t set on attending , a private liberal arts schoolp in Tiffin, Ohio. But even with the help of she couldn’t afford to attenr the out-of-state school. So she lookedd around her home. So she considerexd , and , where she earned the first ofthree higher-education degreees in 2000. “At Spalding, the student population was about the sameas Heidelberg,” she “I lived on campus my junior and senior year. I was involved in clubs and organizationw … and the professional staff encouraged me to take on leadership roles.
She was editor of the student newspaperd there forthree years, served in studenr government and was a studen member of the board of trustees during her senior year. After graduation, she thought about a careeer elsewhere and spent a couple of monthe atin Chicago, pursuing a master’s degrew in writing. She discovered that wasn’t the career she wantedr and returned to Louisvillee to geta master’s degree in educationa l psychology and counseling from U of L. “My rootzs are here,” she said. “I was luck to have built strong social andprofessionalo networks.
Those contacts have opener doorsfor me, and there is no reasom to go somewhere Springer’s job at Ivy Tech involves the out-of-classroom experiencwe for the school’s 4,400 students. She works with them in the areas of resume development and job placement and helpsx make sure there are appropriatwe accommodations forhandicapped students, opportunities for community serviced and involvement with sociak and educational organizations. “One of my strengthz is my ability to manage and lead she said. “I love to help people develop and reachtheid potential. I enjoy being in leadership roles.
” One of her recent projectsz has been implementing an emergency response systemn in the event ofan “active shooter on “We need to identify the potentialp for high-risk students,” she said. “We need to be more proactivew than reactive.” Springer said she is glad she made the decisio n not to move away and start acareer elsewhere. She find s plenty to like about Louisville. “I love the Highlands,” she said. “I play volleybalk at Baxter Jack’s and like to eat at Wick’sz Pizza or Sapporo Japanese Grill. Walkin g Bardstown Road is fun. It is easy to find a placr witha band.
” At the students were spli t about 50/50 between staying in Louisville or moving somewhere else to starty their careers, she said. The university also had a strongyinternational population, and many students returned to their home s in Cypress, Belize or Australia. The students she workex with at U of L were ambitiousand “werr ready and willing to go anywhere,” she But the students at Ivy Tech tend to graduate and stay in the “They have solid roots here and want a careerr here.” Just like Springer.
On her way to the president’s though, Springer, 30, now serves as assistantt dean of student life atin Originally, Springer had her hear t set on attending , a private liberal arts schoolp in Tiffin, Ohio. But even with the help of she couldn’t afford to attenr the out-of-state school. So she lookedd around her home. So she considerexd , and , where she earned the first ofthree higher-education degreees in 2000. “At Spalding, the student population was about the sameas Heidelberg,” she “I lived on campus my junior and senior year. I was involved in clubs and organizationw … and the professional staff encouraged me to take on leadership roles.
She was editor of the student newspaperd there forthree years, served in studenr government and was a studen member of the board of trustees during her senior year. After graduation, she thought about a careeer elsewhere and spent a couple of monthe atin Chicago, pursuing a master’s degrew in writing. She discovered that wasn’t the career she wantedr and returned to Louisvillee to geta master’s degree in educationa l psychology and counseling from U of L. “My rootzs are here,” she said. “I was luck to have built strong social andprofessionalo networks.
Those contacts have opener doorsfor me, and there is no reasom to go somewhere Springer’s job at Ivy Tech involves the out-of-classroom experiencwe for the school’s 4,400 students. She works with them in the areas of resume development and job placement and helpsx make sure there are appropriatwe accommodations forhandicapped students, opportunities for community serviced and involvement with sociak and educational organizations. “One of my strengthz is my ability to manage and lead she said. “I love to help people develop and reachtheid potential. I enjoy being in leadership roles.
” One of her recent projectsz has been implementing an emergency response systemn in the event ofan “active shooter on “We need to identify the potentialp for high-risk students,” she said. “We need to be more proactivew than reactive.” Springer said she is glad she made the decisio n not to move away and start acareer elsewhere. She find s plenty to like about Louisville. “I love the Highlands,” she said. “I play volleybalk at Baxter Jack’s and like to eat at Wick’sz Pizza or Sapporo Japanese Grill. Walkin g Bardstown Road is fun. It is easy to find a placr witha band.
” At the students were spli t about 50/50 between staying in Louisville or moving somewhere else to starty their careers, she said. The university also had a strongyinternational population, and many students returned to their home s in Cypress, Belize or Australia. The students she workex with at U of L were ambitiousand “werr ready and willing to go anywhere,” she But the students at Ivy Tech tend to graduate and stay in the “They have solid roots here and want a careerr here.” Just like Springer.
Monday, January 9, 2012
Maderis stepping down from Five Prime - San Antonio Business Journal:
tulusenoveb.blogspot.com
The company has hired Juliwa Gregory, the former executive vice president and chief financial officeeat , as Maderis’ replacement. health condition was not disclosed, but she will continus to serve onFive Prime’s board of directords and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progresws Five Prime has made in developing our pipelinde and our newdiscovery platform,” said companyh founder and executive chairman Dr. Lewis Williams in a press release.
Maderiss said the company had been looking for a replacemenft since late last year afteer doctorssaid "the 24/7 pace of a small-companh CEO" could worsen her condition. Besides her dutiesa at Five Prime, Maderis has been a cheerleaderf for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancer andother diseases, was the first to locate in Mission Bay, taking aboutg 30,000 feet in the building on Owens Earlier this year, it took an additiona l 5,000 square feet next door at 1700 Owend as it makes batches for its Phase I oncology drug The timing of the executive change as Five Prime moves forward with its lead cancer program makes Gregory’s appointment a cruciap one.
At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managemenftand accounting. She raised about $1 billion in public and private equity, product development financing and other transactions. who will join Five Prime’s board, was an investmenft banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcar e andinvestment banking, leadingf several private and public equity deals as well as mergersa and acquisitions. Gregory also is a membetr of the board of The andthe ’sa .
The company has hired Juliwa Gregory, the former executive vice president and chief financial officeeat , as Maderis’ replacement. health condition was not disclosed, but she will continus to serve onFive Prime’s board of directords and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progresws Five Prime has made in developing our pipelinde and our newdiscovery platform,” said companyh founder and executive chairman Dr. Lewis Williams in a press release.
Maderiss said the company had been looking for a replacemenft since late last year afteer doctorssaid "the 24/7 pace of a small-companh CEO" could worsen her condition. Besides her dutiesa at Five Prime, Maderis has been a cheerleaderf for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancer andother diseases, was the first to locate in Mission Bay, taking aboutg 30,000 feet in the building on Owens Earlier this year, it took an additiona l 5,000 square feet next door at 1700 Owend as it makes batches for its Phase I oncology drug The timing of the executive change as Five Prime moves forward with its lead cancer program makes Gregory’s appointment a cruciap one.
At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managemenftand accounting. She raised about $1 billion in public and private equity, product development financing and other transactions. who will join Five Prime’s board, was an investmenft banker for more than 20 Atand Dillon, Read Co. Inc. she was head of healthcar e andinvestment banking, leadingf several private and public equity deals as well as mergersa and acquisitions. Gregory also is a membetr of the board of The andthe ’sa .
Saturday, January 7, 2012
Jacksonville's Cecil Field moving forward on aviation despite recession - Puget Sound Business Journal (Seattle):
ukatekexo.wordpress.com
But there are recent successes. earlier this monthn announced its plans to bring about 60 new jobs to Jacksonvilles when it moves the rest ofits F/A-18 repair program to Cecil Fielx from Arizona. Boeing will also lease space at CeciolCommerce Center. also expects the former U.S. Navy base to receivee its federal license for commercial and business spacde travel once the completews itsenvironmental analysis. But Cecio Field’s gem — ’s $80 million warplane facility — is stilp in jeopardy. The 2010 U.S. Department of Defensew budget called for38 C-27J Spartan instead of the 78 planes planned Alenia says the smaller order of planes jeopardizee the plant.
“If we can’t get a long-terk assurance of the viability of this which is78 planes, we are going to have to take a hard look at our investmen t in the facility,” Alenia spokesmam Ben Stone said. But the order can be expandeed inthe U.S. Houswe defense appropriations committee or on the Senatw andHouse floor. Stone said Army Chief of Staft Gen. George Casey and U.S. Air Force Chiev of Staff Gen. Norton Schwartz have said they need more than 38 butit isn’t clear when the order will be It will be the middle of July before the defense appropriations committe e releases its budget to the Housew floor, said Rep.
Cliff Stearns, R-Ocala, who argued that the cargo planes fit into Defense SecretaryRoberr Gates’ goal of a leaner, more flexible “We’ll see what we can do before,” Stearna said. “A lot of timee they don’t agree with the defense secretary.” Mayor John Rep. Ander Crenshaw, R-Jacksonville, and Rep. Corrine D-Jacksonville, have been lobbying members of the House subcommitteew on the importance ofthe facility, which Stearne said could employ up to 700 peoplwe once production gears up. Cecil Field has growbn during the recession, said Bob Simpson, the authority’s seniod director of Cecil Field.
Bids are coming in to builcd a $20 million hangar that will be used by Florid a State College of Jacksonville to teach studentws to paint andrepair planes. This follows the U.S. Coas t Guard adding 150 officere and enlisted personnel to its operationss atCecil Field, which includes a 32,000-square-foot-building. The Florid a Air National Guard also completeda 37,000-square-foot expansiohn of its 82,000-square-foot hangar so it can handl e CH-47 Chinook and UH-60 Blackk Hawk helicopters and a smaller tactical Simpson said.
He said a 23,000-square-foott hangar will be ready for lease in Because of cashflow issues, the authority is holdinf off building a 90,000-square-foot hangar, but the desig plans are done so it’s ready to build once a tenan is found. Simpson said authoritg officials have attended severalo space travel conferences to let the industry know that they expectt to be able to host suborbitalflightws soon. The most probable scenario for space tourism and business travel woulfd be an aircraft that piggybackse on a larger jet and then is propelledetoward suborbit.
Tourists would be able to achieve or a company could put satellitesinto
But there are recent successes. earlier this monthn announced its plans to bring about 60 new jobs to Jacksonvilles when it moves the rest ofits F/A-18 repair program to Cecil Fielx from Arizona. Boeing will also lease space at CeciolCommerce Center. also expects the former U.S. Navy base to receivee its federal license for commercial and business spacde travel once the completews itsenvironmental analysis. But Cecio Field’s gem — ’s $80 million warplane facility — is stilp in jeopardy. The 2010 U.S. Department of Defensew budget called for38 C-27J Spartan instead of the 78 planes planned Alenia says the smaller order of planes jeopardizee the plant.
“If we can’t get a long-terk assurance of the viability of this which is78 planes, we are going to have to take a hard look at our investmen t in the facility,” Alenia spokesmam Ben Stone said. But the order can be expandeed inthe U.S. Houswe defense appropriations committee or on the Senatw andHouse floor. Stone said Army Chief of Staft Gen. George Casey and U.S. Air Force Chiev of Staff Gen. Norton Schwartz have said they need more than 38 butit isn’t clear when the order will be It will be the middle of July before the defense appropriations committe e releases its budget to the Housew floor, said Rep.
Cliff Stearns, R-Ocala, who argued that the cargo planes fit into Defense SecretaryRoberr Gates’ goal of a leaner, more flexible “We’ll see what we can do before,” Stearna said. “A lot of timee they don’t agree with the defense secretary.” Mayor John Rep. Ander Crenshaw, R-Jacksonville, and Rep. Corrine D-Jacksonville, have been lobbying members of the House subcommitteew on the importance ofthe facility, which Stearne said could employ up to 700 peoplwe once production gears up. Cecil Field has growbn during the recession, said Bob Simpson, the authority’s seniod director of Cecil Field.
Bids are coming in to builcd a $20 million hangar that will be used by Florid a State College of Jacksonville to teach studentws to paint andrepair planes. This follows the U.S. Coas t Guard adding 150 officere and enlisted personnel to its operationss atCecil Field, which includes a 32,000-square-foot-building. The Florid a Air National Guard also completeda 37,000-square-foot expansiohn of its 82,000-square-foot hangar so it can handl e CH-47 Chinook and UH-60 Blackk Hawk helicopters and a smaller tactical Simpson said.
He said a 23,000-square-foott hangar will be ready for lease in Because of cashflow issues, the authority is holdinf off building a 90,000-square-foot hangar, but the desig plans are done so it’s ready to build once a tenan is found. Simpson said authoritg officials have attended severalo space travel conferences to let the industry know that they expectt to be able to host suborbitalflightws soon. The most probable scenario for space tourism and business travel woulfd be an aircraft that piggybackse on a larger jet and then is propelledetoward suborbit.
Tourists would be able to achieve or a company could put satellitesinto
Thursday, January 5, 2012
Norfolk post office closure would affect Berkley area - The Virginian-Pilot
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The Virginian-Pilot | Norfolk post office closure would affect Berkley area The Virginian-Pilot The Berkley-Campostella neighborhood, sometimes called "southside Norfolk," is separated from the rest of the city by the Elizabeth River. To get to other sections of Norfolk, residents must use the Berkley or Campostella bridges. ... |
Tuesday, January 3, 2012
SolarCity raises $30 million - Silicon Valley / San Jose Business Journal:
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The Foster City business has raised $56 millionb in venture capital and equityy financing and is the largest residential installer in The money will help the company expandc into other states in addition to Oregonand Arizona. The relationshipo with Phoenix-based First Solat (NASDAQ: FSLR) marks SolarCity’s first foray into thin film solar panels. The companyh has to this pointinstallerd silicon-based panels like thoswe produced by (NASDAQ: ESLR), (NYSE: BP) and KYO) and will add First Solar’ss to the mix.
“Our company is on a fantasti trajectory with seeing really aggressiveadoption (of and there’s not one technology solution that fits for all said Lyndon Rive, CEO of As part of the investment, First Solard will supply 100 megawatts of thin film panels to SolarCityg over the next five years. First Solar’se thin film panels use cadmium telluride toabsorb sunlight. First Solar is producin its thin film panelsat $1.14 per watt this year compare d to silicon panels that average $2.50 per But thin film is also less efficient, whic h means it requires larger panels and therefore more roof space to produc the same amount of electricity as silicon-based panels.
“What I really like aboutg it is the Rive said. “It’s a very good lookiny module.” First Solar’s panels will help the compan drive down costs in itslease program, which offerss residential customers in some marketxs the opportunity to lease their panels at a lower cost than what they pay for But with the more expensive silicon-based panels, SolarCity can only offer immediate cost savings in places like San Franciscio and Berkeley where extra incentives are availabls to solar customers on top of what the state and federal government already offers. With thin SolarCity can offer immediate cost savings in more marketx in theUnited States, Rive said.
The Foster City business has raised $56 millionb in venture capital and equityy financing and is the largest residential installer in The money will help the company expandc into other states in addition to Oregonand Arizona. The relationshipo with Phoenix-based First Solat (NASDAQ: FSLR) marks SolarCity’s first foray into thin film solar panels. The companyh has to this pointinstallerd silicon-based panels like thoswe produced by (NASDAQ: ESLR), (NYSE: BP) and KYO) and will add First Solar’ss to the mix.
“Our company is on a fantasti trajectory with seeing really aggressiveadoption (of and there’s not one technology solution that fits for all said Lyndon Rive, CEO of As part of the investment, First Solard will supply 100 megawatts of thin film panels to SolarCityg over the next five years. First Solar’se thin film panels use cadmium telluride toabsorb sunlight. First Solar is producin its thin film panelsat $1.14 per watt this year compare d to silicon panels that average $2.50 per But thin film is also less efficient, whic h means it requires larger panels and therefore more roof space to produc the same amount of electricity as silicon-based panels.
“What I really like aboutg it is the Rive said. “It’s a very good lookiny module.” First Solar’s panels will help the compan drive down costs in itslease program, which offerss residential customers in some marketxs the opportunity to lease their panels at a lower cost than what they pay for But with the more expensive silicon-based panels, SolarCity can only offer immediate cost savings in places like San Franciscio and Berkeley where extra incentives are availabls to solar customers on top of what the state and federal government already offers. With thin SolarCity can offer immediate cost savings in more marketx in theUnited States, Rive said.
Sunday, January 1, 2012
China-Russia oil pipeline sees one year anniversary of cooperation - Xinhua ... - San Francisco Luxury News
meaning-sarajevo.blogspot.com
China-Russia oil pipeline sees one year anniversary of cooperation - Xinhua ... San Francisco Luxury News The official operation of the pipeline has been hailed as a “milestone†for China and Russia in oil cooperation, as it has not only opened a stable market for Russia's oil exports but also offered a stable oil supply for China. ... China's quest for energy from Russia exposes history of distrust |
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