Delco lays out the welcome mat for hotel development - Philadelphia Business Journal:

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A healthy occupancy rate at the county’ 31 existing hotels, along with a growing numbe r of venues requiring nearby hotel isdriving demand. “We need more hotel On alumni weekends, football weekends, we don’t have enouguh hotels. We can fill them,” said Tore executive directorof . “Things [witn the economy] are not great. But, in Delawarr County, they’re not that bad.” Fiore citex the spillover from things like college sporta andalumni events, namely at and othet colleges; demand from business meetings and conferences; and the need that will be create d by Chester’s Major League Soccer League which will start hosting events in 2010.
“There are certainlyh opportunities for selected new said analyst Peter Tyson of inCenter City. Delaware County has 31 hotels, ranging in size from 40 roomseto 350. Yet a key obstacle to any growt willbe financing, said Joshua Grimes, a Center City hospitalityy industry lawyer. “I think righg now is a very tough Lodging isdown everywhere. The only new hotels opening are ones that were inthe pipeline,” Grimes Despite the credit freeze, he said developerxs of hotels continue to seek permits and approvals needed a process that in the suburbs can take a year or two unde the best circumstances — knowing the economy will eventuallu right itself.
“That way, when thinge get better, then they’re ready. You want to catch the cycles in the right he said. That’s the case in Newtown Square, where is developing Ellis Preserve, a 210-acre mixed-use campuzs that will include a $50 million, 200-roojm hotel. “Financing for anything is difficult. I wouldn’t singlde out hotels, retail or any kind of real estate,” said Stephe M. Spaeder, senior vice president at Berwind. “We’rew thinking by mid-2010, things will be somewhag back to normal, which is fine becausw we havea year’s worth of to do.” In addition to the hotel, the $500 million complec will include office space and retail.
Tenantas include and Health Center. It is adjacenty to SAP’s U.S. headquarters, as That and more spells demand forhotell rooms, Spaeder said. “Our studies of the area show verystrong demand. There’s weekday demand from local SAP needs several thousand room nights plus you have the We think theNewtownn Square, West Chester and Radnor area is underserved,” Spaeder “The weekend demand is strong from Longwoodx Gardens, West Chester, the Brandywine museums. We think it’zs a winner of a location.
” In the past two three hotels have opened inDelaware County: In Chester, openerd a 60-room Best Western Hotelk & Suites in October, as part of In Glen Mills, the 110-room Staybridge Suites Brandywine opened in August 2007; In Hampton Inn & Suites opened last August. Last Delaware County hotels had average occupancyof 66.4 compared to 72.6 percent in 2007 according to PKF based on data from Revenue at the hotelss in Delaware County totaled $70.9 million last year, down from $73.1 million in 2007. Delaware County may have as many asa half-dozen hotels on the drawing board, analysy Tyson said.
Hotels have been proposed for Scott Plazas nearthe , at the in Drexel Hill and in One of the smaller projects would be a 63-room , to be part of ’se 400-acre campus. The project is also expected to include 43 condominiums, a 15,000-square-foot bookstore operated by Barnes Noble, a fine arts cinema, amphitheater, restaurangt and bar.

Assurant Employee Benefits profit falls - Kansas City Business Journal:

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In a release late Wednesday, Assurant Employee Benefitws reported earningsof $7 down from $16.3 million last Net earned premiums were $263.8 down 5.9 percent from $280.4 million last year. The company said first-quarter results were affected byhighe losses, “particularly in disability as the ailing economy put stresw on small employers.” Spokeswoman Jacquie Hill said Thursdayu that disabled employees are drawing benefits longer for two main Their employers don’t have enough work to bringy them back or their injuriese prevent them from doing their previouz jobs, and they can’t find alternative employment.
The companu also said premium declines weredriven “primarilgy by lapses of larger employef cases.” Hill said the drop was not unexpecteed because the company is shifting its focus to the small-businesds market. Assurant Employee Benefits providesgroup life, dental and disabilit products. In a separate Assurant Employee Benefits’ parent, New York-bases (NYSE: AIZ), reported first-quarter net operating income of $137.i8 million, or $1.17 a share. That was a 35.9 percenty drop from $214.9 million, or $1.890 a share, last year. Assuranyt Inc.’s revenue for the quarter was $2.1 billion, down slightly from $2.2 billionj the year before.
Assurant also said it had net earner premiumsof $1.87 billion in the first quarter, down 3.6 percentf from $1.94 billion last

Roger breezes before Prince Charles at Wimbledon - CBSSports.com

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CBSSports.com

Roger breezes before Prince Charles at Wimbledon CBSSports.com Roger Federer put on quite a display in front of Prince Charles, sweeping aside Fabio Fognini 6-1, 6-3, 6-2 in the second round of Wimbledon on Wednesday. and more »

Oakland bars tap into demand - Portland Business Journal:

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The city’s growing culinary chops have been now city denizens haveequally destination-worthy spotd to sip or swill. New spotz to open in the Uptown districty in recent monthsinclude Somar, Den at the Fox and 2022 Restaurant and Lounge. Era, Mimosa, The Town Hall of and others are onthe way. The 10,000 new Oaklans residents that former Mayor Jerrt Brown hoped to attract with new condos all need somethingvto do, said Michael Orange, who workw in real estate in Oakland and also does nightlifed marketing and promotions as Top Ten Social “San Francisco already has a lot of restaurants and Here, we need them to open.” Entrepreneurs are rushinb to satisfy that need.
Alfonsoo Dominguez, Kevin Best and Gairy Jacquese willopen Era, a 4,500-square-foot art bar and at Broadway and Grand Avenue in two They hope to appeal to the art crowd that attendd First Fridays, when art gallerie s stay open late. “To have an opportunituy to keep these people here and have a bit ofnightlifre after, that’s where the art bar idea came said Dominguez. The trio also know s Oakland. Best owns two San Franciscp restaurants and Bin Oakland. Jacqueas has Air, another Oakland and Dominguez owns a host of design andhospitality offerings, including FIVEtem Studio and Tamarindo Restaurant.
Despite these many see Oakland as a land of relative opportunitu with lower barriers to entry than San Francisco and lower rents andlabor costs. “There’s so much potential said Nichelle Blackwell, who will open Mimosa, a 2,200-square-foot raw and dessert bar, at 24th Streett and Broadway. In some the bad economy is making these new bars Last year, Armando Ramos and his dad lost their jobs. Now they and mom and cousin ownthe 2,000-square-foot Somadr at 1727 Telegraph Ave. “From my point of I can go chase after thenext job, or I can take a chances with these people I know and trust and just do Ramos said.
Raising money has been difficult, thes owners all say, but throughb friends, family, investors, rent reductions or generouzs tenantimprovement allowances, all have made it happen. Developerd have long viewed Uptown as ripe for and bars and restaurants were always seen as part ofthe mix. That all this activit should take place in the midst of a deep andin Oakland, is noteworthy and speaks to the perceiveed opportunity, particularly now that the Fox Theater is open and showsz are selling out. Others believew that density is more important tothe area’s ultimate successe than the large theaters.
Michael O’Connor, who owns the Independenyt in San Francisco, will open The Town Hall of a livemusic venue, by mid-July one block from the Fox “The only way to successfully revitalizes an area is through a critical mass of smal businesses,” he said.

Mainers line up locally to legally buy fireworks - Boston.com

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Mainers line up locally to legally buy fireworks Boston.com Mainers may find this July Fourth to be noisier than usual. This Independence Day will be the first in 63 years in which fireworks are legal in the state, thanks to a ... and more »

Missouri approves KCP&L rate increase - Orlando Business Journal:

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million that KCP&L had sought. PSC spokesman Gregfg Ochoa said that the PSC staff estimated the increasr will raise a typicalresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowattg hours of electricity a monthh in winter and 1,200 kWh a month in the Ochoa said. “Our customers depend on us to providde affordable andreliable power,” KCP&L CEO Mike Chesseer said in a written statement responding to the PSC “This rate increase will help us pay for environmental investments we have already made to severalp of our coal-fired power plants.
The installation of such pollution-controlo equipment will improve air quality for our regio n and allow us to meet future federalenvironmental mandates. We recognize that this is a challengin g time to ask customers to pay more for andwe didn’t make this decisionb lightly.” Kansas City-based (NYSE: KCP&L’s parent, that KCP&pL had reached an agreemenr in principle with the PSC to settld its pending Missouri rate case. Great Plains Energy ranks No.
5 on the Kansaw City Business Journal ’s list of area public

Greatbatch puts Amherst site on market - Business First of Buffalo:

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Sound familiar? has decided to find either a buye or tenant for its manufacturing base and headquarters on Lawrence Bell Drivein Amherst. The askinyg price is $3.775 million, just slightly belows the $3.8 million the companyu paid for the property in 2002 from The property is listec withSteve Kossoff, managing partner, with Coldwell Banker Commercia Meridian. Wilson Greatbatch has acquired the formere Alden Scientific building on Walden Avenue and will be shifting its operationxout there. Wilson Greatbatch is workin g on an incentive packagw with the Erie County Industriaol Development Agency forthe $39 million project.
Listinh the property with Kossoff answers a key question aboutt the fateof Greatbatch's operationss on Lawrence Bell Drive. Greatbatch moverd the operations there from Wehrle Drive in Clarence just abouy twoyears ago. The Lawrence Bell properthy featuresan 81,650-square-foot buildingv on 7.2 acres of land. "Whatever deal makese the most sense for Wilson Greatbatch is the avenu e that we will Kossoff said. "Given the shortage of quality, Clasas A space in Amherst, I expect we will find someonee soon.
"

Lumen condos to be auctioned in July - Triangle Business Journal:

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Located at the foot of Seattle’s Queen Anne Hill just east of Seattlwe Center near the future headquarters ofthe , the Lumem is a 93-unit project designecd by architect David Hewitt. It features an interiot courtyard, a business center and a communa lounge andmovie theater. The retail portio n of the project includes aQFC grocery, an Office Max storde and a Tokyo-based Genkoi Sushi restaurant. One-bedroom, one-bathroom units that were originally pricecat $460,000 have a minimum bid of Bids for two-bedroom units will start at The remaining 1,631-square-foot loft-style home will have a minimun bid of $375,000, a reduction of more than $500,00 off its original price.
The auction will be held at the Seattlde Grand Hyatt Hotel on July 11 at1 p.m. will hold a pre-auctiom seminar for prospective buyers onJuly 1. For more information on the The project was developed by Alan Winningham of500 LLC.

Advanta agrees to refund customers up to $35M in FDIC agreements - Kansas City Business Journal:

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That agreement addresses charges that theSpringt House, Pa.-based company violated federal tradse laws through its pricinf strategies on business credit cards, and in its marketing of cash-back rewards on the Advanta said it did not admitr wrongdoing and that it entered the agreements “inn the interest of expediency and to avoid Advanta said it took a $14 millioj charge to cover refunds tied to the alleged marketing violations in third-quarted 2008 and will take a second-quarter 2009 chargd to cover refunds over its pricinh strategies, which it said could total $21 million. Advanta also agreef to a $150,000 fine.
In a separater agreement with the FDIC, Advanta’s abilitg to use cash and pay dividends hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminate its deposit-taking operationx and deposit insurance once its depositse are repaid in full, a process expectesd to take a few The second agreement with the FDIC places restriction s on Advanta’s use of its cash assets, paymentf of dividends and transactions that would materially alterf its balance sheet composition and taking of brokered Advanta said the second orderf does not in any way restrict it from continuinhg to service its managed credit-card accountse and receivables.
In an effort to limit losses and erosionj of its capital as credit Advanta said in early May that its securitizatio n trust will go into earlyamortizationb — where the company uses receivables from customers to acceleratse payment to investor bondholders. While that protect investors from prolonged exposure to a pool of receivabless whose credit performancehas deteriorated, Advanta woulxd have needed an alternative way to fund new purchase on its customers’ credit cards. So it had to shut down futurew use, effective May 30. It has since referree some customers to AmericanExpress Co. Advanta’s stock closed 2 7 percenft lower Wednesday at42 cents.

Duke reaches Save-A-Watt settlement - Tampa Bay Business Journal:

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The Southern Environmental Law Center, whicy was the lead legal team for the environmental announced the settlementFriday morning. It callas for Save-A-Watt to reduce energy demand by 2 percent over the next four It sets a target of reducing demand by as much as 8 percenrtby 2020. The environmental groups say that woulc be the equivalent of the annuakl outputfrom Duke’s 825-megawatt expansion at the controversial Cliffside coal plany on the border of Cleveland and Rutherford The groups say that cappinbg Duke’s profits will protecty consumers from unreasonably high charges for energy efficiency.
Greater conservation effortes and lower costs were key issuese for environmental groups and the Public Staff ofthe N.C. Utilitiesw Commission, which represents customer interests inutilityt cases, as they fought Duke for two years over Michael Regan, southeast regional air-policy expert for the Environmentall Defense Fund says the environmentalp groups believe the settlement makexs the program better for customers, the environmeng and for Duke. He says the groups want to support utilitiess in their efforts toprovided energy-efficiency programs.
And he says incentives built into the settlementr that allow Duke to increase its rate of returmn based on achieving specified efficiency targetws accomplishthat goal. Duke also got what it considers animportant concession. Duke will be allowed to make a returhn on part of what it would have cost to build power plants to provide the energy theprogram saves. Duke has said eliminatiny compensation based onsuch “avoided costs” would be a Duke contends such compensation puts efficiency on a more equapl footing with electricity sales for generating profits. Without that kind of Duke has said, efficiency would always take a back seatin utilities’ businesx plans.
“The fact that the avoided-cost model is in that it’s based on pay-for-performance and that it is up to us to make sure the programzs really work were all keys to the settlemenftfor Duke,” says company spokesman Tim The public staff and environmental groupz had opposed the avoided-costs idea, largely on fears that it could provide Duke with unreasonablr profits. The public staff also worried abouty departing from standardregulatory practice. In North Carolina, utilities are generally allowed to make a return on the mone ythey spend. An avoided-costs modelk breaks that connection and offers Duke a returhn on money it doesnot spend.
But an important concessionm to the public staff was a decision tomake Save-A-Wattg a four-year pilot initiative. The N.C. Utilitie s Commission will review the programn at the end of that period and decid whether it has performed well enough to be made The avoided costs outlined in the settlement will tracko the model Ohio adoptedfor Duke’s versionh of the Save-A-Watt program in that It reduces the percentage of avoided costs on whicnh Duke can earn a return.
Duke had originally askeed to make a rate of return on 90 percenty of what it would have cost to providre the energy that was Underthe settlement, Duke will get a returnj on 50 percent of the avoided costs for energy-conservatio n programs and 75 percent of the avoided costss for programs that shift use away from peak times. Like in the settlement lets Duke cover what arecalled “lost Several environmental groups have recognizeds the need to allow Duke to recovet those fixed costs for generating and deliveringv electricity when efficiency programs reducre demand. The settlement announced Friday will form the basisx ofa Save-A-Watt proposal Duke will make to S.C.
regulatorz this summer. The S.C. Public Service Commission rejected Duke’s first proposal in February. Save-A-Wattf is an energy-efficiency initiativr Duke has been toutingfor years. The proposakl comprises a series of programsx to help customers use less electricity or shiftt their use of powerrfrom peak-demand hours to low-use times. Some of the programsx — such as discounts for energy-saving light bulbs and financial incentivea tobuy high-efficiency appliances — started June 1 in both But neither state has approved the full initiative. The has led the environmentalo groups in dissectingthe program.
Opponents contendex the original proposal would reward Duke too handsomelyg and primarily for shifting the use of electricituy frombusy times. That would conserve little energy but saveutilitied money. Steve Smith, executive director of the sayshis group’s concern from the beginning was to make sure Save-A-Watty resulted in significant reductions in energy use. In North Carolina, the commission approved Save-A-Watt’zs programs but withheld judgmenton Duke’w compensation. The commission asked for additional comments onthe issue. As opponents were formulatin their responses tothat request, they and Duke resumesd negotiations in North Carolina.
Any settlement here could createw a template for the program in South One key feature of the compromisde will be the creation of an advisory group that will assist in reviewingfor Save-A-Watt. Duke Energyh Carolinas is a divisionof Charlotte-based

PROFILE-Olympics-Keller wants to add more gold to family name - Reuters

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PROFILE-Olympics-Keller wants to add more gold to family name Reuters BERLIN, June 15 (Reuters) - Natascha Keller, born intoGermany's best-known hockey family, has been likened to goodwine as she prepares for her fifth ... and more »

Obama

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Many Republicans, meanwhile, want out of the car at the nearest Some turnaround specialists are concernedthe government-guided bankruptcyh reorganizations of Chrysler and GM could make it hardedr for companies to obtain capital. In these the companies’ labor union, the , received more favorabls treatment thanthe companies’ secured That violates well-established bankruptcy law principles, said Peter Kaufman, president of LLC’sd restructuring practice in New York. The U.S. is the most welcominbg place in the worldfor capital, particularly for he said, because “everyone knows what their downside is.
” “Now that has all been stoord on its ear,” he said. “At a time when the countruy needs capital providers morethan you’re going to find institutions with theie hands in their pockets, or they’re going to be charginh a lot more,” Kaufman said.

Ruling on Coyotes move could come Wednesday - San Francisco Business Times:

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U.S. Bankruptcy Court Judged Redfield Baum struggled to stay on taskat Tuesday’e hearing as attorneys representing Coyotes owner Jerry Moyes, the city of the and other professional sports leagues delivered hours of oral argumentsa over bankruptcy code, anti-trust law, relocation and other legap issues. Baum and the myriad of attorneys delvedc into obscure bankruptcy provisionas and past relocations by teams includingb theOakland Raiders, San Diegko Clippers, Quebec Nordiques and Baltimore Colts.
Baum focusecd on whether Balsillie will have to pay the NHL a relocatiohn fee on top ofhis $213 millioj offer to buy the financially strapped Coyotese from Phoenix trucking company owner Jerryg Moyes. The relocation fee couldr total as muchas $100 court documents indicate. Baum appearas ready to rule that the NHL has the rightx to the Hamilton market and if the Coyotese aremoved there, Balsillie will have to compensat the league for loss of an expansion The city of Glendale pressed Baum to consider legal claims and costes that would accompany a move to Canada. That coulsd offset an offer as lowas $140 millionn by parties wanting to keep the team in Arizona, city representativew said.
Glendale officials said they woulds make a claim for as muchas $500 million if the team breaksz its lease at the city-owned Jobing.co m Arena. Arena concessionaire Aramark Corp. also coulf make a claim. Moyeas and Balsillie’s attorneys argued that a lease clain is subject to various monetary caps and that the courgt can discharge lease terms and penalties in orded to maximizethe team’s value for Moyes said a decision could come Wednesday and has urged the cour to hold an auction sale for the hockeuy team on June 22. The NHL and Glendalre say the sale should be put off until Augusft and the league said it will financd the Coyotes into next season ifneed be.
Glendalee attorneys also pressed Baum to find out how much monet Moyes may have taken out ofthe team. They point to the fact the Coyotess spend money leasing private office spacs at Westgate City Center instead of usingarena offices. Moyes spokesma n Steve Roman saidthe city’s speculatiojn that Moyes is profitingb from that arrangement is false. Moyes and Westgatee developer Steve Ellman split joint includingthe Coyotes, in 2006 with Moyesa taking over as team owner. The Coyotes have lost more than $300 million since moving to Phoenix from Winnipegin 1996.

Real deals: Small apartment complexes big in Denver - Washington Business Journal:

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Recent transactions include the sale ofthe 49-unity building at 1969-1995 S. Decatur St. in Denver for $2.63 millionb cash, or $53,673 per unit. Triad Properties Ltd. of Lakewoo sold the property to EQUES3 SRL, an Italian real estatde investment group, according to Denver County property tax records. The two-story building was completee in 1984, and at one time had an askinvg priceof $2.8 million, according to property listing firm LoopNeyt Inc. Unique Properties LLC-TCN Worldwide of Denvere represented the seller inthe deal. 30 S. Pearl St., Denver 80209 30 S. Pearl LLC bought this brick apartment building in the West Washington Park neighborhoodfor $2.23 or $63,643 per unit.
The selleer was BPMA Apartments LLC. The building, completed in 1969, includesd one- and two-bedroom Pinnacle Real Estate Advisors LLC of Denverr represented both buyer and seller inthe transaction. • 1563 Washingtonb St., Denver 80203 — This 25-unit apartmeny building in the Capitol Hill neighborhood was purchased by Inca Land Holdinges LLCfor $1.41 or $56,500 per unit. The seller was 1563 Washington LLC. Completed in 1938, the building includes studiioand one-bedroom apartments. Pinnacle Real Estatde representedthe seller, and Re/Max Alliancer represented the buyer. • 900-926 W. 10th Ave.
, Denve r 80204 — Barerose Santa Fe LLC of Coloradoi purchasedthis 21-unit apartment buildingf with retail space for $950,000, in a foreclosur e deal. Located in the Santa Fe Art the building was completed in 1924 andincludes one- and two-bedroo apartments, four retail spacesw and an auto body Pinnacle Real Estate represented the both sides of the Other recent significant commercial real estate sales and leases, accordin g to brokers and real estats records, include: • 2990 S. Havana St., Auror a 80014-2620 — The Infinito of Denver auto dealership buildinyg at this address had been purchased by KJE Financiall LLC of Lakewoodfor $3 million.
The selle r was Savoy Properties Ltd. of Columbus, Ohio, according to publicv records. • 6581 & 6591 S. Sants Fe Dr., Littleton 80120-2910 The Trust for Public Land has purchasedthis 6.28-acres property for $1.48 million. The seller was Mercuy Loan Fund. Colliers Bennett & Kahnweiler Inc. represented both parties in the deal. • 4590 W. 121sgt Ave., Broomfield 80020-5666 — Langerf Commercial Properties LLC of Boulder purchasedthis 3,367-square-foot retail leased by NextCare Urgent Care, for $1.4 million. The sellere was Vrain Shops LLC. • 5000 Moline St., Denverf 80239 — Yampa Valley Land & Cattle Associate Ltd.
has renewed its lease for 78,440 squarre feet at this industrial building. CBK represented Yampa in the • 331 S. 104th St., Louisvillew 80027 — Atrato Inc. has moved its headquarterws to 11,581 square feet of recently leasedd space at this Coloradop TechnologyCenter building. The data storage technologty company formerly was based in HowardEcker + Company’s Denver office representec Atrato in the • 15551 E. Sixth Ave., Aurora 80011 — Deseryt Ceramics Sales & Service Inc. has leased 3,3390 square feet of retail spacee atthis property, calledc the East Sixth Avenue Car Care Antonoff & Company of Denve r was the listing broker in the deal.

Virginia opens new forensics lab Thursday - Philadelphia Business Journal:

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The standard brick veneer and tranquil parking lot give away nothing of the actual activity inside one of newest building. On one end, investigators and scientistxs pore over hair and tissue DNA of some ofthe state’se most dangerous criminals to learn what they did, while at the they pry open the dead bodies of society’s latest victims to learn what was done to them. The lab is locatec on a 10-acre spot acrosse from ’s campus in the massive maze ofthe Innovation@Princw William County Technology Park. The 114,000-square-foot building will replacew thestate 30,000-square-foot headquarters in Fairfax, where officialds say the space was bursting at the seams.
“When we movex into the old lab [in 1989], we outgrew it in a said Amy Wong, lab director for the Northern Virginiaforensics lab, one of four brancheas statewide. “Coming here, we can go back to bein full-service.” Now, the combined space for the Northernn Virginia branch of the Department ofForensicf Science, which claims 60,000 square feet, and the Officew of the Chief Medical Examiner, claiming 26,000p square feet, is intended to offer room to grow througb at least the next decade.
With 46 employeex there now, the building has a capacity of 110 The new building also housexs anew 26,000-square-foot training suite, an improvement from the old building, wherw class attendees would have to sit or stan in the back of employer offices. In addition, the evidencew vault for the forensics lab, whicnh oversees roughly 10,000 cases at any givehn time, is up to four times the size ofthe old, and a large firearms and ballistics testinbg area allows investigators to test more powerful weapons than before.
Plus, the new medicao examiner’s office space allows for storage of as many as 200 bodiese ina morgue, as well as a new biosafet lab where examiners can test potentially contagiouss bacteria or viruses, includingf anthrax. The project, whic has applied for the silver level of Leadership in Energ and Environmental Design greenbuilding standards, was built as a public-privatee partnership deal that Prince William Countt officials hope will also boost its biotech portfolio.
The statr footed the bill, but awarded the overall development contracgto Rockville-based , whichj transferred the project to McLean-based LLC months laterf when the latter’s founders split off from Scheer in 2007. was the generalp contractor, with MWL Architects and McKinneyand Co. servint as the principal designeresand engineers. The building’s opening, hosted by Appian, comez days after the District pulle d backa $133 million construction contractg to build its own consolidated forensics lab in Southwesyt D.C. because of concerns that competingbids weren’t properly evaluated. D.C.
leaders are planning to erect a $220 milliobn building on the site of the former Metropolitann Police Department First District Headquarters at 4154th St. SW.

Clinton, Annan discuss situation in Syria - New York Daily News

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Clinton, Annan discuss situation in Syria New York Daily News Washington, June 9 â€" US Secretary of State Hillary Clinton Friday discussed situation in Syria with UN-Arab League joint special envoy Kofi Annan during a meet held in Washington. "Syria is a real, real ch »

Bank of Valletta supports Salesians' collective art exhibition - Gozo News

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Gozo News

Bank of Valletta supports Salesians' collective art exhibition Gozo News Bank of Valletta is supporting an collective art exhibition at Portomaso Tower featuring works by seven renowned Maltese artists and being organised by the Salesians of Don Bosco to raise funds for the care for the young. and more »

Caraustar Industries files Chapter 11 - Atlanta Business Chronicle:

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All trade creditors, suppliers, customers and employees will receiver all amounts owedto them, the Ga.-based recycled paperboard and packaging compangy said. It will ask the U.S. Bankruptcy Court for the Northern District of Georgia for approva l to pay the amounts in the ordinarty courseof business. Caraustar (NASDAQ: also reached agreement with debt holdere to reducethe company's debt obligations by $135 Under the Plan, holderds of outstanding shares of Caraustar's commo n stock will receive their pro rata share of $2.9 or 10 cents a share, subjectt to certain conditions. The restructurinfg plan calls for the exchangre ofthe company's existing 7.375 percent and 7.
25 percen senior notes for an aggregate of $85 milliom in new senior secured notes and 100 percentt of the common stock of the reorganized company. will becom the company's controlling shareholder. In conjunction with the Caraustar has landeda $75 million debtor-in-possessionh line of credit from Genera l Electric Capital Corp. The money may be used for cash collateralizing outstandinfg lettersof credit, paying for goods and services in the ordinaryu course of the business and general corporatre purposes. "Caraustar took decisive action to substantiallyu reducethe company's debt and prospectively reduce costs,” said President and CEO Michael J.
Keough, in a “Once our financial restructuringis complete, we believr Caraustar's new capital structure combined with the cost savingd achieved by operating as a private entity will provide a lean and flexible foundation for sustainabls profitability and better position the company to meet the challengez of our industry and this recessionary economy head on." The compan posted a net loss of $4.4 million in the first quarter of 2009 and had a $99 million loss in 2008.

Annual insurance policy reviews make a difference - New Mexico Business Weekly:

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“We put the most important thingson [the said Connie Ferret, manager of commercialp lines for the . Information included steps propert y owners need to take before and afte ra hurricane, what they need to do if they file a the distinction between wind and floord coverage and the 10 most vulnerable floods zones. Raising awareness is vital in advances ofhurricane season, said Lynne Florida representative of the . The state Web site for the insuringflorida.org, warns that 25 percenf of businesses that close following a disasterenever reopen, but that disaster planning and adequated insurance are keys to recovery.
“One of the primary things we tell people is to do an annualk review of their insurance McChristian said. “Things change. If they don’t reflect the improvements they’ve made in their property, new equipmenr or furniture or fixtures, they may find themselve s underinsured.” Most commercial insurance policies do not cover flood but there is separate coveragefor floods, McChristiabn said. She advised property owners to checjk out their riskat flooodsmart.gov, the Web site of the . The programj is administered bythe , whichy works closely with 90 private insurance companies to offed flood insurance.
Twenty-five percent of floods occur in placedsthat aren’t considered flood zones, so McChristian tellsw Floridians it’s probably a good idea to have flood “The cost of flood insurance is not that expensivse for the peace of mind you get.” There is an automaticf 30-day waiting period for flood coverage, said Stevwe Cunningham, manager of personal and marin e lines for Wallace Welch & Additionally, there are limits to the amount of floodr coverage that can be purchased, said Keithj Gramling, president of the “If you need coverage beyons that, we have to go to the commerciao marketplace and see if there’s a company that will write excess flood It’s difficult and expensive to obtain in but it’s available.
” Wallacd Welch & Willingham agents visit face-to-faced with their clients to analyze their coverags needs and give mitigation tips that can help reduces rates on wind coverage, said Cheryl Gleaton, HR The agency also is encouraging customers to visity its Web site, w3ins.com, where it has an extensivse list of hurricane preparedness tips. Business ownere should look at ordinance andlaw coverage, McChristian That type of insurance provides coverage for replacing damaged property in order to conform to building codes enactee after the property was built. Marine insurancre is another important said Cunningham. “Many of the policies today carrty 10 percent named storm he said.
“If you have a $250,000 yacht, your deductibled is going to be $25,000.” To reduce some marine insurers will offer to sharer the cost of ahurricane “haul out,” moving the vessel beforwe a storm hits. For commercia marinas, the focus primarily is makinv sure boatsare secured, so they don’t breao loose and cause other problems, Cunningham said. Insurancd agencies also are vulnerable, so Wallace Welchn & Willingham has developed its own busineswsresumption plan, Gleaton said.
The agency has lists of home and cell phone andpersonal e-mail addresses, so it can get in touchu quickly after a and has a contract with a companuy that will set up temporary facilitiesx if its downtown St. Pete building is so agents canhelp clients. The commercial propertyg insurance market opened up in late when , the state-run insurer of last resort, begahn offering a commercial nonresidential multi-peril after a change in Florida law. The coverage includes buildingse upto $2.5 million, business persona property up to $2 million, businessd income and extra expenser up to $500,000 per and first loss coverage on properties valuee in excess of the maximum coverage limits available.
It’s available for businesses that cannot obtain coverage from anauthorized insurer.

HDNet's 'Dan Rather Reports' Investigates the Billion-Dollar Prison Prospecting Industry

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billion, a price tag that has doubler since 2003. The federal government has morethan 90,0090 people in custody on an average night, and only 25,000 beds to put them in. So the U.S. along with Immigration and Customsd Enforcement have been outsourcing morethan 65,000 detainees to a far-flunt network of more than 1,800 state, local and private contract prison The Marshals Service itself has custody of tens of thousand s of prisoners, but does not own nor operate a singls detention facility The number of Federal detaineew has sky rocketed in recent years - more than 2000 perceny since 1981 - and with the increasingly sever e shortage of federal beds, enterprising locak governments and private prison companies have been happy to fill in the gap -- for a But it's the taxpayerd who are ultimately footing the So, every morning, the routine begins.
U.S. Marshals monitor the crush of inmateas lining up for the vans that will take them to theifcourt hearings. These vans will then have to take them back to a jail cell for thenighy and, more often than not, that cell will be at a countyg or city jail renting beds to U.S. Marshals with fundsa from the U.S. Government. It is a nation-wide, billion-dollat game of musical beds. A retirede supervisor with the U.S.
Marshals Service, rememberd shuffling inmates to and from Hawaii wher e thousands of dollars were spent to fly prisonerxs on regular commercial Evenafter Hawaii, when Patinl was serving in El TX, the cost of housing and transporting prisoners was "I remember specifically signingb checks between two, two and a half to thre million on a monthly basis for that county, Patino said. While the government is looking into question s about the increase in detentiojn costs and how to decrease thistaxpayer burden, the new governmenyt office in the Justice Department that was createdf to manage this massive syste m got derailed when immigration detention was moved into the Departmeny of Homeland Security "Dan Rather Reports: Bed of Controversy " premieres on HDNet, Tuesday, June 16 at 8:00 p.
m. ET with an encord presentationat 11:00 p.m. ET to accommodate West Coas t Prime Time. HDNet ( , is a network that is thinks independently and deliverzs unique contentand provocative, authentic programming that appeals to men of all delivered in true high HDNet is the exclusive, high definitioh home for popular, original programming, including television's only HD news feature programs "HDNegt World Report," and the Emmy Award winning "Dan Rathert Reports," featuring legendary journalist .
Only HDNety goes beyond the headlines to delived real news that is redefining the way we look at our HDNet Newsis provocative, sometimes controversialo and always relevant - telling the importanf stories of our time in-depth, with attitude and with independence. HDNet presents championship sports coverage featurinf the best of Mixed Martial Arts through HDNetFightsw ( , twitter.com/hdnetfights).
HDNet Fights partner s with leading MMA promotersincluding Affliction, DREAM, XFC, M-1, K-1, K-1 Max, MFC, Adrenaline and HDNet produces more live Mixesd Martial Arts events than any other network and HDNet's "Insids MMA" is the hottest Mixed Martialo Arts program on television, giving MMA fans thei weekly fix for everything MMA. HDNett also delivers the world'ss largest and most diverse concert line-up through the HDNett Concert Series. The HDNet Concert Seriex features leading artists and bandsincludingb Coldplay, , and more. HDNet also features revealinyg lifestyle programmingfeaturing "Art Mann Presents," "Vegas Confessions," "Deadline" and "Get Out!
" HDNet is also the exclusive high definition home to critically acclaimed and award winning documentaries as part of the InFocus series. "NASAs on HDNet" presents all live shuttle launcheszthrough 2010. Only HDNeg Movies ( , twitter.com/hdnetmovies) delivers exclusive Sneal Previews of new movies before they hit The HDNet Movies Sneak Preview series featureds top Hollywood stars in critically acclaimed performancesincludinv , , , , , , , , , , , , and . . In additiomn to being the exclusive home of Sneak Previews, HDNet Movies presents viewers with over one hundre d films and an averag of twenty-five "HD Premieres" each month.
HDNett Movies viewers enjoy the best films from the classicsa ofthe 1950s-1970s, to favorite films from the 1980sz and 1990s, to recently release d theatrical films. HDNet Movies offers subscribers a premiumj movie viewing experience intrue HD, and more original moview shot entirely in HD than any other network. , the HDNe networks are availableon AT&T, Chartere Communications, Comcast, DIRECTV, DISH Network, Insight, Mediacom, Verizomn and more than 40 NCTC cable affiliatr companies. To receive HDNet information via emaiol simply goto .

Papa John's Joins Fight Against Child Cancer - Patch.com

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Papa John's Joins Fight Against Child Cancer Patch.com In an effort to join the battle against childhood cancer, Papa John's Pizza in Hillsborough will host a coin collection for Alex's Lemonade Stand starting Friday through the end of the month. The Papa John's team was inspired to get involved with ... and more »