Continental AG's Implementation of Driver Assistance Systems Propels it to Top ... MarketWatch (press release) LONDON, Jun 29, 2011 (BUSINESS WIRE) -- Continental AG has been ranked at the top of the latest Vendor Matrix released by ABI Research. Autoliv Inc. and Delphi Corporation claimed the second and third spots in the company's new evaluation of worldwide ... |
Wednesday, June 29, 2011
Continental AG's Implementation of Driver Assistance Systems Propels it to Top ... - MarketWatch (press release)
modestofyeyko.blogspot.com
Monday, June 27, 2011
Maderis stepping down from Five Prime - The Business Review (Albany):
qalymeled.wordpress.com
The company has hired Julia the former executive vice president and chief financial officetat , as Maderis’ replacement. Maderis’ health condition was not disclosed, but she will continuee to serve onFive Prime’w board of directors and as a consultant. Her finapl day on the job is June 18. “Gail’s leadershil has been pivotal in the progress Five Primew has made in developing our pipeline and our new discovery said company founder and executivechairman Dr. Lewizs “Rusty” Williams in a presx release.
Maderis said the compangy had been looking for a replacement since late last year afterr doctorssaid "the 24/7 pace of a small-company CEO" could worsen her condition. Besides her dutiesx at Five Prime, Maderis has been a cheerleader for the MissionnBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibodgy and protein drugs for cancet andother diseases, was the firsgt to locate in Mission Bay, takinyg about 30,000 feet in the buildinhg on Owens Street.
Earlier this year, it took an additiona 5,000 square feet next door at 1700 Owens as it makesx batches for its Phase I oncology drug The timing of the executive change as Five Primes moves forward with its lead cancetr programmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and She raised about $1 billionn in public and privatde equity, product development financing and other Gregory, who will join Five Prime’e board, was an investment banker for more than 20 years. At and Read & Co. Inc.
she was head of healthcar e andinvestment banking, leading several private and publicv equity deals as well as mergers and acquisitions. Gregory also is a membetr of the board of The andthe ’sz .
The company has hired Julia the former executive vice president and chief financial officetat , as Maderis’ replacement. Maderis’ health condition was not disclosed, but she will continuee to serve onFive Prime’w board of directors and as a consultant. Her finapl day on the job is June 18. “Gail’s leadershil has been pivotal in the progress Five Primew has made in developing our pipeline and our new discovery said company founder and executivechairman Dr. Lewizs “Rusty” Williams in a presx release.
Maderis said the compangy had been looking for a replacement since late last year afterr doctorssaid "the 24/7 pace of a small-company CEO" could worsen her condition. Besides her dutiesx at Five Prime, Maderis has been a cheerleader for the MissionnBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibodgy and protein drugs for cancet andother diseases, was the firsgt to locate in Mission Bay, takinyg about 30,000 feet in the buildinhg on Owens Street.
Earlier this year, it took an additiona 5,000 square feet next door at 1700 Owens as it makesx batches for its Phase I oncology drug The timing of the executive change as Five Primes moves forward with its lead cancetr programmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and She raised about $1 billionn in public and privatde equity, product development financing and other Gregory, who will join Five Prime’e board, was an investment banker for more than 20 years. At and Read & Co. Inc.
she was head of healthcar e andinvestment banking, leading several private and publicv equity deals as well as mergers and acquisitions. Gregory also is a membetr of the board of The andthe ’sz .
Saturday, June 25, 2011
Woodland Corporate Center building gets LEED gold certification - Business First of Columbus:
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The building, which opened early last year, was designed and built to meet the seconr highest ranking ofthe Council’sd Leadership in Energy and Environmental Design. was the generap contractor. Liberty Property Trust Vice Presidentf Jody Johnston estimates the cost of building to green standardsw added an additional 5 percent to the overallldevelopment costs, but that will be more than offset by lowedr energy costs. Special features include showers and lockerxs for workers who need to wash or changwe clothes after they bike or jogto work. A deck made of recycled plastic borders the back ofthe building, overlookin g a wetlands area that provides shade.
Landscapingv incorporates drought-resistant plants native to A white reflective roof deflectssthe sun. Bins for recycling are placed near trash binsfor accessibility. Restroom urinals conserve water by relyiny on gravity and a filter instead of That feature is expected tosave 360,000 gallon s annually since each urinal uses an estimated 40,000 gallons Johnston said. Grass surrounding the parkin lot soaksup rainwater. And a recycled rubber, was used instead of asphaltt around the large oak trees that linethe lots. The porouz rubber allows water to soak intothe ground. The located at 4631 Woodland Blvd.
, received the “Office Buildingy of the Year” Award from the Tampw Bay Chapter of the andthe “Greenh Building Design Award” from the Hillsborougbh City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developefd and leased 19 buildings with nearly 1 million squared feet of space in the parksince 1996. Key park tenants include , Travelers, Travel and .
The building, which opened early last year, was designed and built to meet the seconr highest ranking ofthe Council’sd Leadership in Energy and Environmental Design. was the generap contractor. Liberty Property Trust Vice Presidentf Jody Johnston estimates the cost of building to green standardsw added an additional 5 percent to the overallldevelopment costs, but that will be more than offset by lowedr energy costs. Special features include showers and lockerxs for workers who need to wash or changwe clothes after they bike or jogto work. A deck made of recycled plastic borders the back ofthe building, overlookin g a wetlands area that provides shade.
Landscapingv incorporates drought-resistant plants native to A white reflective roof deflectssthe sun. Bins for recycling are placed near trash binsfor accessibility. Restroom urinals conserve water by relyiny on gravity and a filter instead of That feature is expected tosave 360,000 gallon s annually since each urinal uses an estimated 40,000 gallons Johnston said. Grass surrounding the parkin lot soaksup rainwater. And a recycled rubber, was used instead of asphaltt around the large oak trees that linethe lots. The porouz rubber allows water to soak intothe ground. The located at 4631 Woodland Blvd.
, received the “Office Buildingy of the Year” Award from the Tampw Bay Chapter of the andthe “Greenh Building Design Award” from the Hillsborougbh City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developefd and leased 19 buildings with nearly 1 million squared feet of space in the parksince 1996. Key park tenants include , Travelers, Travel and .
Wednesday, June 22, 2011
McKesson Specialty Care Solutions | US Oncology Honors Five Exceptional ... - PR Newswire (press release)
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McKesson Specialty Care Solutions | US Oncology Honors Five Exceptional ... PR Newswire (press release) THE WOODLANDS, Texas, June 22, 2011 /PRNewswire/ -- Five exceptional oncology nurses out of nearly 2400 nationwide were recognized by McKesson Specialty Care Solutions | US Oncology for their dedication to their profession and their passion for their ... |
Monday, June 20, 2011
Region's unemployment rate falls to 10.8% - Sacramento Business Journal:
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The four-county region’s jobless rate dropped to 10.8 percenrt last month, compared to a modern-dah record 11.4 in March — but much highert than the 5.9 percent in April according to the state Employment Development Department reporgtreleased Friday. The economy eked out a 200-joh increase last month, bringinyg the jobless rate back down to the January Agriculture addedabout 1,200 jobs common for the labor-intensive, mid-springh work — and government createcd 500 jobs, only with an increases in federal employment as the state and many local governments battling budge t deficits trimmed their work forces.
The hospitality and leisured industry also created abour 200 jobslast month, compared to March. The retai l sector — from national department-storse chains to mom-and-pop shops eliminated about 900 jobslast month, as consumed spending remains sluggish. For the the region has lost 42,700 jobs, or 4.8 percent of its work according to theEDD report. The trade-transportation-utilities sector — whicjh also includes retail — has been the biggestg loser, eliminating 12,200 positions, includinf 8,600 in retail.
Construction, another-hard-hit industry, has shed almost 20 percengt ofits employees, or 11,000 Professional and business services cut 9,000 jobs during the past year, with almost 60 percent from administrative and support Educational and health services remain the brightf spot in the downbeat economy, with the creatioj of 3,700 jobs during the past year. Despite the dip in the joblessx rate, about 114,600 peoplr remain unemployed in the slightly better thanthe 121,700 in March — but almosg twice the 62,200 a year ago. Fewerd than 50,000 were jobless in the regio n in April 2005and 2006. California’ jobless rate declined to 11 percent last comparedto 11.
2 percent in March and 6.6 percenty in April 2008. Despite the decline, the state lost 63,700 jobs last month, from the most of any state. The job-lossd figure is derived from interviewingh 42,000 businesses, and is considered a better measure of overal employment inthe state. Eithe r way, the figures indicate the global recession continues to have a firm grip on theGolden State. The state has lost 706,700p jobs during the past year, the most in the Almost 2.06 million people are about 35,000 fewer than a month ago. Forty-fourf states have lost jobs, with Texas and Michiga placing second and third on thedubiousw list.
Arkansas, Montana and Floridaq were the big three job creators according tothe . Michigan’s 12.9 percent unemploment rate last monty was the worst inthe nation, followexd by Oregon and South Carolina at 12 percengt and 11.5 percent, respectively.
The four-county region’s jobless rate dropped to 10.8 percenrt last month, compared to a modern-dah record 11.4 in March — but much highert than the 5.9 percent in April according to the state Employment Development Department reporgtreleased Friday. The economy eked out a 200-joh increase last month, bringinyg the jobless rate back down to the January Agriculture addedabout 1,200 jobs common for the labor-intensive, mid-springh work — and government createcd 500 jobs, only with an increases in federal employment as the state and many local governments battling budge t deficits trimmed their work forces.
The hospitality and leisured industry also created abour 200 jobslast month, compared to March. The retai l sector — from national department-storse chains to mom-and-pop shops eliminated about 900 jobslast month, as consumed spending remains sluggish. For the the region has lost 42,700 jobs, or 4.8 percent of its work according to theEDD report. The trade-transportation-utilities sector — whicjh also includes retail — has been the biggestg loser, eliminating 12,200 positions, includinf 8,600 in retail.
Construction, another-hard-hit industry, has shed almost 20 percengt ofits employees, or 11,000 Professional and business services cut 9,000 jobs during the past year, with almost 60 percent from administrative and support Educational and health services remain the brightf spot in the downbeat economy, with the creatioj of 3,700 jobs during the past year. Despite the dip in the joblessx rate, about 114,600 peoplr remain unemployed in the slightly better thanthe 121,700 in March — but almosg twice the 62,200 a year ago. Fewerd than 50,000 were jobless in the regio n in April 2005and 2006. California’ jobless rate declined to 11 percent last comparedto 11.
2 percent in March and 6.6 percenty in April 2008. Despite the decline, the state lost 63,700 jobs last month, from the most of any state. The job-lossd figure is derived from interviewingh 42,000 businesses, and is considered a better measure of overal employment inthe state. Eithe r way, the figures indicate the global recession continues to have a firm grip on theGolden State. The state has lost 706,700p jobs during the past year, the most in the Almost 2.06 million people are about 35,000 fewer than a month ago. Forty-fourf states have lost jobs, with Texas and Michiga placing second and third on thedubiousw list.
Arkansas, Montana and Floridaq were the big three job creators according tothe . Michigan’s 12.9 percent unemploment rate last monty was the worst inthe nation, followexd by Oregon and South Carolina at 12 percengt and 11.5 percent, respectively.
Saturday, June 18, 2011
Homebuilder Renaissance files reorganization plan - Portland Business Journal:
http://exhumator.com/00-239-01_esoteric-religious-spiritual-theologian-adolescent-as.html
The reorganization will consolidate the three companies into a singlre entity called Renaissance Development that will be less than half the size ofthe $163.5t million company that built homes at dozens of sitesw in the region as recently as 2006. Accordinh to the plan, filed June 30, Renaissance Development Co. will return to profitability in 2010 with anticipated revenue of $42.64 million, growing to $68.4r4 million by 2014. Since its Renaissance developed more than 50 neighborhoods ranging from a few homesd to more than 200 at asingle location. It has sold more than 1,40o new homes, 75 percent of them for singlwe families.
The company ran into trouble as earlyas when, coming off a record year, it had nearlyh 100 buyers back out of contracts due to the subprimre mortgage meltdown. The canceled deals cost Renaissance $55 million in revenuw and left it with a large inventory of unsold properties just as themarkeft slowed. The reorganization document lays out a plan to repayu secured creditors in full and partiall repay eight banks and other creditorsw that provided funds to buy and develol land andpurchase vehicles. Randyh Sebastian, who held 100 percent of the equity in the companiesbefore bankrupty, will remain the majority shareholdedr of post-bankruptcy Renaissance.
He’ll also remain president and CEO. Sebastian will receive sharee in exchange fora $2.18 millionj loan he and his wife made the company in order to help it survive bankruptcy. The Sebastians could loan the companh anadditional $5.77 million by the time Renaissance exits bankruptcy. Unsecurerd creditors will alsoreceive stock. Sebastiah and his chief lieutenant, Tim Breedlove, will serv on the new company’s board, together with two memberd selected by the creditors A fifth member will be selected by the The reorganization plan is subject to approvaol by creditors andthe court. A hearingf is scheduled for 1:30 p.m. Aug. 18 in U.S. Bankruptct Court, Courtroom 4, 1001 S.W.
Fifth Ave.
The reorganization will consolidate the three companies into a singlre entity called Renaissance Development that will be less than half the size ofthe $163.5t million company that built homes at dozens of sitesw in the region as recently as 2006. Accordinh to the plan, filed June 30, Renaissance Development Co. will return to profitability in 2010 with anticipated revenue of $42.64 million, growing to $68.4r4 million by 2014. Since its Renaissance developed more than 50 neighborhoods ranging from a few homesd to more than 200 at asingle location. It has sold more than 1,40o new homes, 75 percent of them for singlwe families.
The company ran into trouble as earlyas when, coming off a record year, it had nearlyh 100 buyers back out of contracts due to the subprimre mortgage meltdown. The canceled deals cost Renaissance $55 million in revenuw and left it with a large inventory of unsold properties just as themarkeft slowed. The reorganization document lays out a plan to repayu secured creditors in full and partiall repay eight banks and other creditorsw that provided funds to buy and develol land andpurchase vehicles. Randyh Sebastian, who held 100 percent of the equity in the companiesbefore bankrupty, will remain the majority shareholdedr of post-bankruptcy Renaissance.
He’ll also remain president and CEO. Sebastian will receive sharee in exchange fora $2.18 millionj loan he and his wife made the company in order to help it survive bankruptcy. The Sebastians could loan the companh anadditional $5.77 million by the time Renaissance exits bankruptcy. Unsecurerd creditors will alsoreceive stock. Sebastiah and his chief lieutenant, Tim Breedlove, will serv on the new company’s board, together with two memberd selected by the creditors A fifth member will be selected by the The reorganization plan is subject to approvaol by creditors andthe court. A hearingf is scheduled for 1:30 p.m. Aug. 18 in U.S. Bankruptct Court, Courtroom 4, 1001 S.W.
Fifth Ave.
Thursday, June 16, 2011
Yes! Solar sells Colorado, Montana franchises - Atlanta Business Chronicle:
ogyhejowy.wordpress.com
and Bozeman, Mont., the company announced Wednesday. The two territories extend the company’s franchise network to about 95,000 more homeownerw and many small businesses. Founded in 2005, Solat Power (OTCBB: SOPW) works with clients to obtain permits and manag the installation of solar power systems in smallpand medium-sized businesses. The company also manufactures or procurees all the parts and pieces to make thesystemes work. In addition, Solar Power installw home solar systemsthrough Yes! Solar Yes! has a stor in Roseville, three franchises in the San Francisco Bay Area, and a handful of franchiseea in Cary, N.C., Helena, and Pueblo, Colo.
The latest franchisees in Puebllo and Bozeman are set to begin operationsin “We look forward to serving the home and business owners within our expanding reachu with our solar energy system solutionas and a growing number of solar product said Jeff Pontius, executive vice president for Yes! Solar in a news
and Bozeman, Mont., the company announced Wednesday. The two territories extend the company’s franchise network to about 95,000 more homeownerw and many small businesses. Founded in 2005, Solat Power (OTCBB: SOPW) works with clients to obtain permits and manag the installation of solar power systems in smallpand medium-sized businesses. The company also manufactures or procurees all the parts and pieces to make thesystemes work. In addition, Solar Power installw home solar systemsthrough Yes! Solar Yes! has a stor in Roseville, three franchises in the San Francisco Bay Area, and a handful of franchiseea in Cary, N.C., Helena, and Pueblo, Colo.
The latest franchisees in Puebllo and Bozeman are set to begin operationsin “We look forward to serving the home and business owners within our expanding reachu with our solar energy system solutionas and a growing number of solar product said Jeff Pontius, executive vice president for Yes! Solar in a news
Monday, June 13, 2011
Eddie Bauer creditors win a round in court - Boston Business Journal:
kleopatraxnibe.blogspot.com
In setting a July 16 date to auction offEddide Bauer’s assets, U.S. Bankruptcy Judge Mary Walrath ofthe U.S. Bankruptcyu Court in Delaware, agreed to not requiree any potential buyer to make a bulk bid forthe Instead, Walrath agreed with major creditors and debt holders that bids would be accepted for all or a portion of the Bellevue-base d retail chain’s assets. It’ s too soon to know if this couldhamper ’s attempts to sell nearl all of its assets to private equity firm LLC, of New York. But the rulinbg is seen as significantby creditors.
Opening up the bid process couldx encourage more bidders to participate and fetc h a better price forthe retailer’s assets, said Cathyh Hershcopf, a New York bankruptcy attorney working on behaltf of unsecured creditors. Eddie Bauer’s unsecurefd creditors includeThe , which it owes $75 The problem boils down to math for the company’s lenders and other major creditors. With $240 million in securexd loans and a bid from CCMPfor $202 million, attorneyas representing The Bank of New York and othe unsecured creditors worry there won’t be enoughj from the asset sale to trickle down to Delaware-based bank FSB is the agenr for the term loan lenders, who are owed $200 In legal papers filed with the bankruptcty court, the lenders also argued that a proposed sale pricee of $202 million for all of Eddie Baued Holdings Inc.
’s assets mighyt fall short of maximizing the overall valuwe of Eddie Bauer’s assets. Wilmington Trust’s attorney s argue that in Eddi Bauer’s case, “the sum of the parts may yield greaterf value than the They argued that a bulk biddingf process forEddie Bauer’s was and threatened to “chill robust A bulk asset deal with CCMP mighft make the best sense for keepintg Eddie Bauer in business, according to Wilmington Trust’w attorneys.
But they argued in coury papers that limiting potential buyers to only those interested in buying all ofEddid Bauer’s assets in one lot, woulrd make a bidding war less likely and hamperr attempts to get the best price for Eddid Bauer’s assets. Representatives for Eddie Bauer and CCMP did not immediatelg respond to requestsfor comment. In addition to Wilmington Trust, Eddie Bauet owes more than $40 million in revolving loans administeredr by Bankof . Private equity firm CCMP Capital Advisors has offered to buyEddise Bauer’s assets for $202 million, which is essentiallu the opening bid in a bankruptcyt court auction scheduled for July 16.
If CCMP is not the winningy bidder, the private equity firm is entitled to a fee ofnearl $6 million. That would mean any bid or bids trumpingh the CCMP offer would have to beaboutr $208 million. CCMP has said it wantd to continue to operate Eddie Bauer and wouls retainthe company’s executive team and keep most of the retailer’se stores open. Eddie Bauer’s lenders argue that the retailer’a assets can be easily broken down into including the Eddie Bauer brandr andintellectual property, real property, inventory and storde leases.
The lenders say that buyers, who would not have an interesy in bidding for all ofEddie Bauer’ assets in one lot, may have interest in some of the potentially fetching a greater total price that the $202 milliob offered by CCMP. Eddie Bauer operates 370 stores. The compan y has 7,100 employees, including 560 at the Bellevues headquarters.
In setting a July 16 date to auction offEddide Bauer’s assets, U.S. Bankruptcy Judge Mary Walrath ofthe U.S. Bankruptcyu Court in Delaware, agreed to not requiree any potential buyer to make a bulk bid forthe Instead, Walrath agreed with major creditors and debt holders that bids would be accepted for all or a portion of the Bellevue-base d retail chain’s assets. It’ s too soon to know if this couldhamper ’s attempts to sell nearl all of its assets to private equity firm LLC, of New York. But the rulinbg is seen as significantby creditors.
Opening up the bid process couldx encourage more bidders to participate and fetc h a better price forthe retailer’s assets, said Cathyh Hershcopf, a New York bankruptcy attorney working on behaltf of unsecured creditors. Eddie Bauer’s unsecurefd creditors includeThe , which it owes $75 The problem boils down to math for the company’s lenders and other major creditors. With $240 million in securexd loans and a bid from CCMPfor $202 million, attorneyas representing The Bank of New York and othe unsecured creditors worry there won’t be enoughj from the asset sale to trickle down to Delaware-based bank FSB is the agenr for the term loan lenders, who are owed $200 In legal papers filed with the bankruptcty court, the lenders also argued that a proposed sale pricee of $202 million for all of Eddie Baued Holdings Inc.
’s assets mighyt fall short of maximizing the overall valuwe of Eddie Bauer’s assets. Wilmington Trust’s attorney s argue that in Eddi Bauer’s case, “the sum of the parts may yield greaterf value than the They argued that a bulk biddingf process forEddie Bauer’s was and threatened to “chill robust A bulk asset deal with CCMP mighft make the best sense for keepintg Eddie Bauer in business, according to Wilmington Trust’w attorneys.
But they argued in coury papers that limiting potential buyers to only those interested in buying all ofEddid Bauer’s assets in one lot, woulrd make a bidding war less likely and hamperr attempts to get the best price for Eddid Bauer’s assets. Representatives for Eddie Bauer and CCMP did not immediatelg respond to requestsfor comment. In addition to Wilmington Trust, Eddie Bauet owes more than $40 million in revolving loans administeredr by Bankof . Private equity firm CCMP Capital Advisors has offered to buyEddise Bauer’s assets for $202 million, which is essentiallu the opening bid in a bankruptcyt court auction scheduled for July 16.
If CCMP is not the winningy bidder, the private equity firm is entitled to a fee ofnearl $6 million. That would mean any bid or bids trumpingh the CCMP offer would have to beaboutr $208 million. CCMP has said it wantd to continue to operate Eddie Bauer and wouls retainthe company’s executive team and keep most of the retailer’se stores open. Eddie Bauer’s lenders argue that the retailer’a assets can be easily broken down into including the Eddie Bauer brandr andintellectual property, real property, inventory and storde leases.
The lenders say that buyers, who would not have an interesy in bidding for all ofEddie Bauer’ assets in one lot, may have interest in some of the potentially fetching a greater total price that the $202 milliob offered by CCMP. Eddie Bauer operates 370 stores. The compan y has 7,100 employees, including 560 at the Bellevues headquarters.
Saturday, June 11, 2011
US Spy Chief Continues Pakistan Visit - Voice of America
cahijisebi.wordpress.com
The Hindu | US Spy Chief Continues Pakistan Visit Voice of America Photo: AP CIA Director Leon Panetta began the second day of his unannounced visit to Pakistan on Saturday. Panetta, nominated to take over as defense secretary next month, held talks Friday with Pakistani Army Chief General Ashfaq Parvez Kayani and ... Sources: Panetta Confronts Pakistan Over Collusion With Militants Pakistan tells CIA chief no US boots on the ground CIA director makes first visit to Pakistan since bin Laden raid |
Thursday, June 9, 2011
Allegheny Energy secures final $235 million for Hatfield's Ferry - Pittsburgh Business Times:
vishnevskiipavuh.blogspot.com
The first of three units hookex up to the scrubbers went online last according to company spokesmanDoug Colafella, with the other two scheduleed to follow suit by the end of this year. Exactlu two years ago, the company issuec a press release announcing the Hatfield project at a projectesd costof $550 million. The actual cost, according to has been revised to anestimated $725 million when completed. The retrofittedc coal-fired power plants at Hatfield “will reducr the plant’s sulfur dioxide emissions by approximately 95 or 145,000 tons per year, and significantly lowet mercury emissions at the facility,” accordinf to Allegheny Energy (NYSE:AYE).
The first of three units hookex up to the scrubbers went online last according to company spokesmanDoug Colafella, with the other two scheduleed to follow suit by the end of this year. Exactlu two years ago, the company issuec a press release announcing the Hatfield project at a projectesd costof $550 million. The actual cost, according to has been revised to anestimated $725 million when completed. The retrofittedc coal-fired power plants at Hatfield “will reducr the plant’s sulfur dioxide emissions by approximately 95 or 145,000 tons per year, and significantly lowet mercury emissions at the facility,” accordinf to Allegheny Energy (NYSE:AYE).
Monday, June 6, 2011
Saturday, June 4, 2011
Sandy Spring taps General Dynamics executive - Washington Business Journal:
axilecyqih.wordpress.com
has been elected to the board of directors at Fogg will serve onthe bank’s audit committee. “With the receng retirement of several long-serviced it has been a goal to augment the skill and talent of our existing board with additionao financial expertiseand public-company said Sandy Spring chairman Hunter Hollar in a statement. who holds an MBA from , joinex General Dynamics in 1991 and was named treasurerrin 1998. Fogg’s initial term will expire in when the board expects to nominate him for election by shareholdersw to a threeyear term, Sandy Springv said in a statement. Sandy Spring set aside $10.
6 million in the first quarter to cover potentialbad loans, particularly residentia l real estate loans. It also nearl doubled residential mortgage lending from year ago levels last in what the bank calls evidencre ofits “dedication to provide needec banking services to the communities we Sandy Spring (NASDAQ: has $3.5 billion in assets and 42 branche s in Maryland and Northern Virginia.
has been elected to the board of directors at Fogg will serve onthe bank’s audit committee. “With the receng retirement of several long-serviced it has been a goal to augment the skill and talent of our existing board with additionao financial expertiseand public-company said Sandy Spring chairman Hunter Hollar in a statement. who holds an MBA from , joinex General Dynamics in 1991 and was named treasurerrin 1998. Fogg’s initial term will expire in when the board expects to nominate him for election by shareholdersw to a threeyear term, Sandy Springv said in a statement. Sandy Spring set aside $10.
6 million in the first quarter to cover potentialbad loans, particularly residentia l real estate loans. It also nearl doubled residential mortgage lending from year ago levels last in what the bank calls evidencre ofits “dedication to provide needec banking services to the communities we Sandy Spring (NASDAQ: has $3.5 billion in assets and 42 branche s in Maryland and Northern Virginia.
Thursday, June 2, 2011
Lawsuit against Regions moved back to JeffCo courts - Birmingham Business Journal:
a-aveywe.blogspot.com
A federal court determined Thursday the case filed by the Louisianaq Municipal Police Retirement System belongs inlocao courts, one week after Regions pushed for it to be hearc in federal court. Still at stake is the previous Jefferson County rulingv that froze RegionsFinanciao Corp. executives’ compensation untip the lawsuitis finalized. In the pensionn fund lawsuit filedin May, the retirement system claime d Regions executives misled investors through “falsification of Regions financial about its acquisition of AmSouth Bancorp. On June 23, Jefferson County Circuit Court JudgeHouston L.
Brown frozd awards and compensation paid to Regionw executives forits $10 billion acquisition of AmSouth Bancorp, but that was overturnexd when the case was movex to federal court. U.S. District Judge Inge Prytza Johnson remanded the case back to Jeffersom County Circuit Court but retaine d a temporary restraining order on thecompensationb freeze. In an e-mailed statement, Regions notede the judge “found the temporary restraining ordere questionable at best and expressedf concern about an ordef granted against unnamed and unidentified parties.
” The original order woulrd have blocked “tens of millions of dollars” wortnh of incentive pay awarded the company’s top 25 for according to court The Louisiana Municipal Police Employees Retirement System has more than $1.6 billiomn in assets. Its lawsuit makes specific allegationssregarding Regions’ actions during its acquisition of AmSouthn including: • A Securities and Exchange Commissionm merger filing falsely reported the valuse of the combined entity’s assets, loans and shareholderd equity. • Regions falsely reported its goodwill balance in March 2007 SEC filin g for end ofyear $11.5 billiobn goodwill balance.
• In April 2008, Regions’ assets and equity was falsely stated. • Regions said its thirrd quarter 2008 goodwill was unimpairedr then in January 2009reported $5.6 billion loss “driveb largely by $6 billion, non-cash charge for impairment of goodwill.”
A federal court determined Thursday the case filed by the Louisianaq Municipal Police Retirement System belongs inlocao courts, one week after Regions pushed for it to be hearc in federal court. Still at stake is the previous Jefferson County rulingv that froze RegionsFinanciao Corp. executives’ compensation untip the lawsuitis finalized. In the pensionn fund lawsuit filedin May, the retirement system claime d Regions executives misled investors through “falsification of Regions financial about its acquisition of AmSouth Bancorp. On June 23, Jefferson County Circuit Court JudgeHouston L.
Brown frozd awards and compensation paid to Regionw executives forits $10 billion acquisition of AmSouth Bancorp, but that was overturnexd when the case was movex to federal court. U.S. District Judge Inge Prytza Johnson remanded the case back to Jeffersom County Circuit Court but retaine d a temporary restraining order on thecompensationb freeze. In an e-mailed statement, Regions notede the judge “found the temporary restraining ordere questionable at best and expressedf concern about an ordef granted against unnamed and unidentified parties.
” The original order woulrd have blocked “tens of millions of dollars” wortnh of incentive pay awarded the company’s top 25 for according to court The Louisiana Municipal Police Employees Retirement System has more than $1.6 billiomn in assets. Its lawsuit makes specific allegationssregarding Regions’ actions during its acquisition of AmSouthn including: • A Securities and Exchange Commissionm merger filing falsely reported the valuse of the combined entity’s assets, loans and shareholderd equity. • Regions falsely reported its goodwill balance in March 2007 SEC filin g for end ofyear $11.5 billiobn goodwill balance.
• In April 2008, Regions’ assets and equity was falsely stated. • Regions said its thirrd quarter 2008 goodwill was unimpairedr then in January 2009reported $5.6 billion loss “driveb largely by $6 billion, non-cash charge for impairment of goodwill.”
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