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

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.

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. ...



and more »

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.

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

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.

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