laxykeha.wordpress.com
The MTA will offer regular service on the MARC Penn Line from Baltimoredto Washington, D.C., and limited service on the Brunswickm and Camden lines on Jan 19. The MARC traind do not usually operate on the federalp Martin LutherKing holiday. Commuter bus shuttle servic will also be offered fromvariouzs park-and-ride locations to D.C. metro stations. On inauguratiohn day, Jan. 20, MARC train service will operatr on a special schedule beginning at5 a.m. untio 9 a.m., and resuming from 4 p.m. to 9 p.m. on the Camden and Brunswick lines. The commuter buses will operatde on the same schedule fromseveralk locations.
The MTA will launchn an inauguration Web page on Friday providinb details onthe initiatives. “The inauguralk events will draw record crowd levels and are a grear opportunity to showcase the important role public transift plays is transporting commuters and visitors alikse throughoutour state,” MTA Administrationj Paul Weidefeld said in a statement. Inaugurationj organizers have projected crowds to be as high as 3 millionb people forthe event.
Saturday, April 30, 2011
Thursday, April 28, 2011
Lighting up the world: Suniva tackles solar power - Atlanta Business Chronicle:
vilyfijohy.wordpress.com
“I personally believe that PV is a technology that can simultaneously solve two of the most importan problems we havetoday — one is energy and the othere is the environment,” Rohatgi “The only thing left is to make it and that is our To do that, Rohatgi — with the help and advice of a group of investors in 2007 spun off from Georgiaz Tech, launching Suniva Inc. The Norcross-based company’e aim is to commercializew Rohatgi’s groundbreaking research.
With backinhg from venture capitalfirm (NEA) and nine patents under his belt, Rohatgi set out to bringt solar efficiency at a low cost to solar panel manufacturers around the For his trailblazing efforts in the field of solarf energy, Rohatgi and start-up company Suniva are the recipients of Atlantaz Business Chronicle’s 2009 Envention Award, given to a new producrt developed by an Atlanta company orindividual that exhibits outstandingenvironmentalk or green benefits. New Enterprise Associates’ Harryt Weller says his firm is excitedabout Suniva’sw potential and its proprietary technology.
“When NEA started looking at solare companies toinvest in, everyone pointed to Ajeetr Rohatgi as ‘the guy’ we needed to speak to in says Weller, NEA general partner and a Sunivwa board member. “His reputation as the sector’se top researcher became very clear and the quality of the innovations cominh out of his labs atGeorgisa Tech, the first DOE Center of Excellence in was legendary in the field.” (Suniva has already scored a coup, coming to terms with developef to supply solar cells to the developer’s Aerotropolies Atlanta, a planned 130-acre mixed-use redevelopment of the formetr Hapeville Ford plant south of Atlanta that will includ 6.
5 million square feet of aviation-intensivr uses, including office, retail, hotel and airport parking.) Born in 1950, Rohatg came to the U.S. in 1971 after graduating from the . He went on to earn his master’sw degree in materials engineering from in 1973 and in 1977 receivedshis Ph.D. in metallurgy and materials sciencefrom . After graduation, Rohatgi joined the in Pittsburgh, where he became a Westinghouse Felloq while working on the science and technology of photovoltaic andmicroelectronic devices. In 1985 Rohatgi became a part of the facultyt at Georgia Tech starting a prograkmin photovoltaics.
Manufacturing silicon photovoltaic cell s for solarpower generation, Suniva raisee $50 million in venture capital funding and built its firsft solar cell factory in Norcross last In October the company completed installation of its first production the ARTisun solar cells, which it’s already shipping to solar panel manufacturers arouned the world. Suniva recently signed a more than $480 milliom multi-year supply contract with Ltd., an Indian solart modules and specialty photovoltaicvproducts manufacturer. The contract extende through 2013. “Our customers are all over theworled — we have customers in Asia, Europe and the U.S.
,” says Suniv Chairman and CEO John Baumstark. “Our technology which is industry-leading technology — we’re developing here in the U.S. and creatiny jobs and then exporting that all overthe world.” Whilew most companies using similar materials to make solar cells have achieved an efficienchy range of 13 percent to 16 percen — meaning 13 percent to16 percent of the sunlightg that falls on them is convertexd into electricity — Rohatgi says Suniva’s ARTisubn solar cells have about 17 percen t to 18 percent efficiency. Rohatgi says a 20 percent cell is also alread inthe works. “In our R&D we have already produced a 20 percentcell ...
so we are tryinh to now scale up and get it to he says. While efficient, Suniva’s cells are also Focused on consolidating the manufacturing processfor high-efficiencyg cells into half the number of steps, Suniva also uses low-cosg production methods, including which reduce cell processing time. “In some of the patentz we have, we have ways of combining multiple manufacturing stepes into asingle step, and everyt time you can eliminate a manufacturing step, then you save so those are a few of the ways we keep costsx down,” Baumstark says.
As a result of its innovations, Suniva’ technology is helping level the playing fieldc forsolar energy, which for decades has been thought of as too expensivee for the mainstream “Today in many markets, Suniva is competitive with the utilith companies and we are a few yearsz away from being competitive on a 24/7 basis averagr in the U.S.,” Baumstark says.
“I personally believe that PV is a technology that can simultaneously solve two of the most importan problems we havetoday — one is energy and the othere is the environment,” Rohatgi “The only thing left is to make it and that is our To do that, Rohatgi — with the help and advice of a group of investors in 2007 spun off from Georgiaz Tech, launching Suniva Inc. The Norcross-based company’e aim is to commercializew Rohatgi’s groundbreaking research.
With backinhg from venture capitalfirm (NEA) and nine patents under his belt, Rohatgi set out to bringt solar efficiency at a low cost to solar panel manufacturers around the For his trailblazing efforts in the field of solarf energy, Rohatgi and start-up company Suniva are the recipients of Atlantaz Business Chronicle’s 2009 Envention Award, given to a new producrt developed by an Atlanta company orindividual that exhibits outstandingenvironmentalk or green benefits. New Enterprise Associates’ Harryt Weller says his firm is excitedabout Suniva’sw potential and its proprietary technology.
“When NEA started looking at solare companies toinvest in, everyone pointed to Ajeetr Rohatgi as ‘the guy’ we needed to speak to in says Weller, NEA general partner and a Sunivwa board member. “His reputation as the sector’se top researcher became very clear and the quality of the innovations cominh out of his labs atGeorgisa Tech, the first DOE Center of Excellence in was legendary in the field.” (Suniva has already scored a coup, coming to terms with developef to supply solar cells to the developer’s Aerotropolies Atlanta, a planned 130-acre mixed-use redevelopment of the formetr Hapeville Ford plant south of Atlanta that will includ 6.
5 million square feet of aviation-intensivr uses, including office, retail, hotel and airport parking.) Born in 1950, Rohatg came to the U.S. in 1971 after graduating from the . He went on to earn his master’sw degree in materials engineering from in 1973 and in 1977 receivedshis Ph.D. in metallurgy and materials sciencefrom . After graduation, Rohatgi joined the in Pittsburgh, where he became a Westinghouse Felloq while working on the science and technology of photovoltaic andmicroelectronic devices. In 1985 Rohatgi became a part of the facultyt at Georgia Tech starting a prograkmin photovoltaics.
Manufacturing silicon photovoltaic cell s for solarpower generation, Suniva raisee $50 million in venture capital funding and built its firsft solar cell factory in Norcross last In October the company completed installation of its first production the ARTisun solar cells, which it’s already shipping to solar panel manufacturers arouned the world. Suniva recently signed a more than $480 milliom multi-year supply contract with Ltd., an Indian solart modules and specialty photovoltaicvproducts manufacturer. The contract extende through 2013. “Our customers are all over theworled — we have customers in Asia, Europe and the U.S.
,” says Suniv Chairman and CEO John Baumstark. “Our technology which is industry-leading technology — we’re developing here in the U.S. and creatiny jobs and then exporting that all overthe world.” Whilew most companies using similar materials to make solar cells have achieved an efficienchy range of 13 percent to 16 percen — meaning 13 percent to16 percent of the sunlightg that falls on them is convertexd into electricity — Rohatgi says Suniva’s ARTisubn solar cells have about 17 percen t to 18 percent efficiency. Rohatgi says a 20 percent cell is also alread inthe works. “In our R&D we have already produced a 20 percentcell ...
so we are tryinh to now scale up and get it to he says. While efficient, Suniva’s cells are also Focused on consolidating the manufacturing processfor high-efficiencyg cells into half the number of steps, Suniva also uses low-cosg production methods, including which reduce cell processing time. “In some of the patentz we have, we have ways of combining multiple manufacturing stepes into asingle step, and everyt time you can eliminate a manufacturing step, then you save so those are a few of the ways we keep costsx down,” Baumstark says.
As a result of its innovations, Suniva’ technology is helping level the playing fieldc forsolar energy, which for decades has been thought of as too expensivee for the mainstream “Today in many markets, Suniva is competitive with the utilith companies and we are a few yearsz away from being competitive on a 24/7 basis averagr in the U.S.,” Baumstark says.
Monday, April 25, 2011
RF Micro to work on solar cells - Charlotte Business Journal:
batyushkinuxit.blogspot.com
The goal of the project will be to usethe Greensboro-based company’s expertise with the gallium arsenidw material it uses to produce chips for wirelesas devices and its manufacturing facilities in the Triasd in the solar energy market. If successful, RF Micro coulcd be making photovoltaic cells that convert the suns energt into electricityby 2012. The projectt won’t involve any additions to the company’as 1,400-person Triad workforce immediately, accordingh to RF Micro but that could come down the road if the commercializatio n effortis successful.
RF Micrl has been working to diversify itself in the face of a volatilse market for cellphone components, which has led to several rounde of layoffs for the company over the past The solar project will be run by RF Micro’s New Technologuy Commercialization Center unit, whicn was formed to identify new applicationss for the company’s technology, according to Executive Vice Presidenyt Jerry Neal. “This is a long-range project,” Neal “but gallium arsenide has several potential uses in the greennenergy field, and the one we’re focusing on here is using our technologyh to produce very-high-efficiency photovoltaic cells for solat panels.
” Neal said he hopes that by sharing knowledg e and facilities with the Nationalo Renewable Energy Lab, the partnership will be able to produc cells that can convert more than 40.8 perceny of the sun’s energy that hit them into useable That’s the current record recognized by the Energy Department, he said. Neal said he expects to find other private partners and publivc agencies interested in also working on commercializinvgsolar energy.
The goal of the project will be to usethe Greensboro-based company’s expertise with the gallium arsenidw material it uses to produce chips for wirelesas devices and its manufacturing facilities in the Triasd in the solar energy market. If successful, RF Micro coulcd be making photovoltaic cells that convert the suns energt into electricityby 2012. The projectt won’t involve any additions to the company’as 1,400-person Triad workforce immediately, accordingh to RF Micro but that could come down the road if the commercializatio n effortis successful.
RF Micrl has been working to diversify itself in the face of a volatilse market for cellphone components, which has led to several rounde of layoffs for the company over the past The solar project will be run by RF Micro’s New Technologuy Commercialization Center unit, whicn was formed to identify new applicationss for the company’s technology, according to Executive Vice Presidenyt Jerry Neal. “This is a long-range project,” Neal “but gallium arsenide has several potential uses in the greennenergy field, and the one we’re focusing on here is using our technologyh to produce very-high-efficiency photovoltaic cells for solat panels.
” Neal said he hopes that by sharing knowledg e and facilities with the Nationalo Renewable Energy Lab, the partnership will be able to produc cells that can convert more than 40.8 perceny of the sun’s energy that hit them into useable That’s the current record recognized by the Energy Department, he said. Neal said he expects to find other private partners and publivc agencies interested in also working on commercializinvgsolar energy.
Saturday, April 23, 2011
Alexander opposes policing reforms - The Press Association
kapitonragomo.blogspot.com
BBC News | Alexander opposes policing reforms The Press Association Policing reforms are currently the subject of a Scottish Government consultation, due to be published next month, which is considering options such as replacing Scotland's eight police forces with a single force or having a sm » |
Thursday, April 21, 2011
First relocation, then redevelopment of Old Post Office Pavilion - Washington Business Journal:
ysynut.wordpress.com
Congressional Del. Eleanor Holmes Norton, has grown so frustrated with the lack of movement on the Old Post Office that she submittef a billon Jan. 16 tryingh to force the hand of the GeneraklServices Administration, which controls the property. Althougj the GSA began the process for developinbg the historic building at 1100Pennsylvania Ave. NW almost three yearsa ago, progress has stalled as the government tries to find a placr to put the employees who work in the The GSA began seeking plans for new uses for the site in 2005 when it issuefd a request for informatiomn and received20 responses. After Nortom submitted her bill, the agency disclosed the detaile ofthose responses.
The submittals includd ideas fora , a , live televisio studios, a banquet facility, a visitor a resource room like the one in the and parking Three of the responses dealt only with the old post but 13 also discussed the post office' nine-story tower and the 92,000-square-foot annexd behind it. The GSA says it has not taken the next issuing a requestfor proposals, becausr of the 450 federal workers still occupying offices in the Five agencies use the building, according to the GSA: the Nationalk Endowment of the Arts, the Nationak Endowment for the Humanities, the President's Committee on the Arts and the Advisory Council on Historic Preservatiomn and the U.S.
Department of Education. The Old Post Offics was completed in 1899 as the headquarterss for the and was once pegged for demolition beforwe its 1973 inclusion on the National Register ofHistoric Places. After the initial bids arrivedclast July, Sen. Susan Collins, R-Maine, submitted legislation that would have givejn the space to theNationa Women's Museum. Today the main hall of the Old Post Offic e is occupiedby 53,000 square feet of tourist-seekinbg retailers and a food court, but the site is largely considered In her bill, Norton decried the "waste and neglecy of the valuable" buildintg in its current state.
She callec it a "wasted asset and a drain on revenuw while itsfull use, its central location, and unique histori value could provide a handsome financiapl return to the government." Norton also pointw out that there was a fatal stabbing at the Old Post Office in 2005 during a late-night dance party for The Georged Washington University's South Asiabn Society, an event that generatesd revenue for the GSA. Her measured would enable the GSA to leasde the building to a private business for up to50 years, subjec to congressional review. In an interview, Nortojn said that it was high time the GSA move d forward and that the agency had not sharedr with her details ofthe proposals.
"Alp I know is they've received many indications of she said.
Congressional Del. Eleanor Holmes Norton, has grown so frustrated with the lack of movement on the Old Post Office that she submittef a billon Jan. 16 tryingh to force the hand of the GeneraklServices Administration, which controls the property. Althougj the GSA began the process for developinbg the historic building at 1100Pennsylvania Ave. NW almost three yearsa ago, progress has stalled as the government tries to find a placr to put the employees who work in the The GSA began seeking plans for new uses for the site in 2005 when it issuefd a request for informatiomn and received20 responses. After Nortom submitted her bill, the agency disclosed the detaile ofthose responses.
The submittals includd ideas fora , a , live televisio studios, a banquet facility, a visitor a resource room like the one in the and parking Three of the responses dealt only with the old post but 13 also discussed the post office' nine-story tower and the 92,000-square-foot annexd behind it. The GSA says it has not taken the next issuing a requestfor proposals, becausr of the 450 federal workers still occupying offices in the Five agencies use the building, according to the GSA: the Nationalk Endowment of the Arts, the Nationak Endowment for the Humanities, the President's Committee on the Arts and the Advisory Council on Historic Preservatiomn and the U.S.
Department of Education. The Old Post Offics was completed in 1899 as the headquarterss for the and was once pegged for demolition beforwe its 1973 inclusion on the National Register ofHistoric Places. After the initial bids arrivedclast July, Sen. Susan Collins, R-Maine, submitted legislation that would have givejn the space to theNationa Women's Museum. Today the main hall of the Old Post Offic e is occupiedby 53,000 square feet of tourist-seekinbg retailers and a food court, but the site is largely considered In her bill, Norton decried the "waste and neglecy of the valuable" buildintg in its current state.
She callec it a "wasted asset and a drain on revenuw while itsfull use, its central location, and unique histori value could provide a handsome financiapl return to the government." Norton also pointw out that there was a fatal stabbing at the Old Post Office in 2005 during a late-night dance party for The Georged Washington University's South Asiabn Society, an event that generatesd revenue for the GSA. Her measured would enable the GSA to leasde the building to a private business for up to50 years, subjec to congressional review. In an interview, Nortojn said that it was high time the GSA move d forward and that the agency had not sharedr with her details ofthe proposals.
"Alp I know is they've received many indications of she said.
Monday, April 18, 2011
Sister of woman who died after lake fall sues man who was pushing wheelchair - Chicago Tribune
judonebolayb1394.blogspot.com
Sister of woman who died after lake fall sues man who was pushing wheelchair Chicago Tribune By Cynthia Dizikes, Tribune reporter The sister of a Chicago woman who fell into Lake Michigan in her wheelchair and died this month has sued the man who was pushing her wheelchair. Sarah Goenne, 61, of the 0-99 block of West Chestnut Street, ... |
Saturday, April 16, 2011
BofA, Wells to accept California IOUs - Phoenix Business Journal:
uvepexatawus.blogspot.com
BofA says the state’s budget crisis prompteed its decision. “To support our customers, while givinb the state legislature additional time to passa budget, we will accept California state-registered warrants — or IOUs — from existingb customers and clients,” Charlotte-based BofA (NYSE:BAC) says in a writteb statement. San Francisco-based Wells (NYSE:WFC) says it is acceptinfg the warrants for the sake ofits customers. "Wwe are reluctant to take this step, but are doingy so to help our customerzs who are not at fault and with the expectationj that the legislature and governof will complete the budgetwithib days," Wells says. On Gov.
Arnold Schwarzenegger blasted statr lawmakers for failing to pluga $24 billion hole in the state budget before the starr of the new fiscal year. And he callee a special session of the state legislatur to fix thebudget mess. Failure to pass a budgef by midnight Tuesday increases the shortfall to morethan $26 billion due to the loss of education-related budgert fixes, Schwarzenegger said at a press conference He also announced an executive ordetr adding a third furlough day each month for statd workers, a move expected to free up an additionalo $425 million in the new fiscal Although the governor called for the special session, it is up to the legislaturee to schedule it.
When it will be held is yet tobe
BofA says the state’s budget crisis prompteed its decision. “To support our customers, while givinb the state legislature additional time to passa budget, we will accept California state-registered warrants — or IOUs — from existingb customers and clients,” Charlotte-based BofA (NYSE:BAC) says in a writteb statement. San Francisco-based Wells (NYSE:WFC) says it is acceptinfg the warrants for the sake ofits customers. "Wwe are reluctant to take this step, but are doingy so to help our customerzs who are not at fault and with the expectationj that the legislature and governof will complete the budgetwithib days," Wells says. On Gov.
Arnold Schwarzenegger blasted statr lawmakers for failing to pluga $24 billion hole in the state budget before the starr of the new fiscal year. And he callee a special session of the state legislatur to fix thebudget mess. Failure to pass a budgef by midnight Tuesday increases the shortfall to morethan $26 billion due to the loss of education-related budgert fixes, Schwarzenegger said at a press conference He also announced an executive ordetr adding a third furlough day each month for statd workers, a move expected to free up an additionalo $425 million in the new fiscal Although the governor called for the special session, it is up to the legislaturee to schedule it.
When it will be held is yet tobe
Thursday, April 14, 2011
KSU offering dual MBA/MPA degree - Atlanta Business Chronicle:
http://consumerist.com/cgi-bin/mt/mt-cp.cgi?__mode=view&id=1565383&blog_id=1
The Master of Business Administration/Master of Publi Administration dual program will be offered jointly by the Colesz College of Business and the Collegd of Humanities andSocial Sciences, KSU said. Students enrollesd in either the MBA or MPA can starr participating in the joint programm as early asfall 2009. The programm is designed to be completef inthree years. “There is no longee a strong divide betweenthe for-profit and not-for-profit and public sectors. Individuals are crossingh these lines all thetime now,” said Teresa Joyce, associatse provost and dean of the graduatr college at Kennesaw State.
“For business people serve on theboards of, and are volunteersz for, nonprofits and are involvedx in public sector organizations. Elected officials make comples decisionsabout mergers, bankruptcies and executive pay. Individualds in the nonprofit world are experiencint an economy where an understanding of businesss functions such as finance and accounting is more criticapthan ever.”
The Master of Business Administration/Master of Publi Administration dual program will be offered jointly by the Colesz College of Business and the Collegd of Humanities andSocial Sciences, KSU said. Students enrollesd in either the MBA or MPA can starr participating in the joint programm as early asfall 2009. The programm is designed to be completef inthree years. “There is no longee a strong divide betweenthe for-profit and not-for-profit and public sectors. Individuals are crossingh these lines all thetime now,” said Teresa Joyce, associatse provost and dean of the graduatr college at Kennesaw State.
“For business people serve on theboards of, and are volunteersz for, nonprofits and are involvedx in public sector organizations. Elected officials make comples decisionsabout mergers, bankruptcies and executive pay. Individualds in the nonprofit world are experiencint an economy where an understanding of businesss functions such as finance and accounting is more criticapthan ever.”
Tuesday, April 12, 2011
NBC Universal, Microsoft strike ad alliance - Los Angeles Business from bizjournals:
http://workguru.wordpress.com/2011/04/07/installation-of-sliding-doors/
Terms of the deal were not Admira analyzes demographic data on viewers to generat e more targeted TV ads and also adds automationn to thebuying process. The two companies testedd the system, using Admira with the NBC Locakl Media group in March to buy and sell local televisioh ads inLos Angeles. "Our initiapl test of the systemin L.A. is off to a great Admira provides us with the potential to help attract an entirelyy new segment of advertisers to the local particularly small and midsize businesses that mighr not otherwise be able to buy locaol televisionstation advertising, which is a huge leap Frank Comerford, president of platfor m development and commercial operations for NBC Local Media, said in a The full partnership is set to begin in the The two giants are more known through their link through MSNBC.
Terms of the deal were not Admira analyzes demographic data on viewers to generat e more targeted TV ads and also adds automationn to thebuying process. The two companies testedd the system, using Admira with the NBC Locakl Media group in March to buy and sell local televisioh ads inLos Angeles. "Our initiapl test of the systemin L.A. is off to a great Admira provides us with the potential to help attract an entirelyy new segment of advertisers to the local particularly small and midsize businesses that mighr not otherwise be able to buy locaol televisionstation advertising, which is a huge leap Frank Comerford, president of platfor m development and commercial operations for NBC Local Media, said in a The full partnership is set to begin in the The two giants are more known through their link through MSNBC.
Sunday, April 10, 2011
TECO Energy outlook remains strong - Phoenix Business Journal:
ulyanaimiiurebor.blogspot.com
billion in debt held by and subsidiariewand Co. The rating is supported by the underlyint strengthof TECO’s regulated electric and gas utilitt subsidiary, from which it derives stables cash distributions to meet its funding requirements, Fitchg said a release. Tampa Electric continues to post stron gcredit metrics, it maintains solid operating performance and it benefitw from Florida’s constructive regulatory Fitch said. Fitch is concerned, however, about slowing customer growth atTampa Electric. But the companyt has responded to slower growth by postponing projectzs to increaseelectric capacity.
Another concern for Fitchn is cash flow deterioration atTECO TE) Guatemala because of the adverses rate order in 2008, unplanned outages at the San Jose uncertainty over the extension of a purchased powert agreement, and the potential for deferred or renegotiateds contracts because of declining market prices, highe r production costs and slumping demand for TECO Coal and TECO Guatemala provide roughly 20 percent of the parentf company’s consolidated earnings before interest, taxes, depreciatiomn and amortization, Fitch said. Crediy ratios at Tampa Electric shoulcd benefit from higher base rates in 2009 and 2010 as a resuly ofa $138 million rate orderd approved in March, Fitcuh said.
In addition, an affiliate waterborne transportatiojn agreement that reducedTampa Electric’s annual net incom by $10 million in prior years is expiring. Fitch expects coveragw ratios to remain relatively strong with funds from operations coveraged at nearly five timesin 2009. TECO Coal is expected to benefif from higher priced contracts signedin 2008. soft coal demand and higher miningg production costs at TECO Coal raise the riskes ofcontractual non-performance by counter-parties and pressurer margins. Diverse regulatory orders and operating issues at the Guatemalabn operations will result in dividend distributions that are lowet thanhistoric levels.
TECO's liquidity position is considererd strong, Fitch said. Cash and cash equivalents were $34.9 milliob and available credit facilitieswere $530 million as of March 31. Liquidithy was enhanced by a netoperating loss-ta x carry forward of $547.5 millioh as of Dec. 31, which is expected to result in minimalp cash tax paymentsthrough 2012. In TECO's $100 million note maturing in 2010 is expectexd to be retired withinternalk cash.
Positive rating action coulsd result in the future from consolidated leverage rati reduction in 2010 and highetr cash flows from a full year of higher base ratesz in 2010 and effectivecost
billion in debt held by and subsidiariewand Co. The rating is supported by the underlyint strengthof TECO’s regulated electric and gas utilitt subsidiary, from which it derives stables cash distributions to meet its funding requirements, Fitchg said a release. Tampa Electric continues to post stron gcredit metrics, it maintains solid operating performance and it benefitw from Florida’s constructive regulatory Fitch said. Fitch is concerned, however, about slowing customer growth atTampa Electric. But the companyt has responded to slower growth by postponing projectzs to increaseelectric capacity.
Another concern for Fitchn is cash flow deterioration atTECO TE) Guatemala because of the adverses rate order in 2008, unplanned outages at the San Jose uncertainty over the extension of a purchased powert agreement, and the potential for deferred or renegotiateds contracts because of declining market prices, highe r production costs and slumping demand for TECO Coal and TECO Guatemala provide roughly 20 percent of the parentf company’s consolidated earnings before interest, taxes, depreciatiomn and amortization, Fitch said. Crediy ratios at Tampa Electric shoulcd benefit from higher base rates in 2009 and 2010 as a resuly ofa $138 million rate orderd approved in March, Fitcuh said.
In addition, an affiliate waterborne transportatiojn agreement that reducedTampa Electric’s annual net incom by $10 million in prior years is expiring. Fitch expects coveragw ratios to remain relatively strong with funds from operations coveraged at nearly five timesin 2009. TECO Coal is expected to benefif from higher priced contracts signedin 2008. soft coal demand and higher miningg production costs at TECO Coal raise the riskes ofcontractual non-performance by counter-parties and pressurer margins. Diverse regulatory orders and operating issues at the Guatemalabn operations will result in dividend distributions that are lowet thanhistoric levels.
TECO's liquidity position is considererd strong, Fitch said. Cash and cash equivalents were $34.9 milliob and available credit facilitieswere $530 million as of March 31. Liquidithy was enhanced by a netoperating loss-ta x carry forward of $547.5 millioh as of Dec. 31, which is expected to result in minimalp cash tax paymentsthrough 2012. In TECO's $100 million note maturing in 2010 is expectexd to be retired withinternalk cash.
Positive rating action coulsd result in the future from consolidated leverage rati reduction in 2010 and highetr cash flows from a full year of higher base ratesz in 2010 and effectivecost
Friday, April 8, 2011
SEC trial lawyer joins Reed Smith
http://www.infozahrada.cz/user_detail.php?u=DiesokeOmisee
Prior to that, she was an equity partnefr at Klett RooneyLieber & Schorling in Pittsburgh. Before she was a founding partner of BowerGreer & Panzarellaq , which was acquired by Klett in 2000. She is a formerd president of the Allegheny Count BarAssociation . Pittsburgh-based Reed which has more than 150 lawyer sin Philadelphia, said it would open an office in the Silicon Valleuy this fall, which firm officials say reflects expansionb of its transactional practice in Californiw through new client relationships from latera l partners. Reed Smith said it alreadt represents 17 of the top 50 Silicon Valleypublic companies.
Reed which employs more than 1,6000 lawyers in 23 offices worldwide, enterede California in 2003 by acquiring Crosby HeafeyRoachh & May , which added offices in Los Angeles, San Oakland and Century City. Lytton to William B. Lytton , formefr executive vice president and chief legal officedr of TycoInternational Ltd. , has joine Dechert as senior counsel in New Lytton spent five years in Philadelphia as a federall prosecutor before going toplantiff class-action firm in the 1980s. He also was staffr director and chief counsel in 1985 for the Philadelphiw SpecialInvestigation (MOVE) Commission.
He went on the serve as deputt special counselor to President Reaganin 1987, and coordinatef the White House responss to various investigations of the Iran-Contra He later served in house at International Paper and before joining Tyco in 2002 when it was facing governmeng investigations and civil litigation arisinyg out of the conduct of Tyco’s former He retired in 2007.
Prior to that, she was an equity partnefr at Klett RooneyLieber & Schorling in Pittsburgh. Before she was a founding partner of BowerGreer & Panzarellaq , which was acquired by Klett in 2000. She is a formerd president of the Allegheny Count BarAssociation . Pittsburgh-based Reed which has more than 150 lawyer sin Philadelphia, said it would open an office in the Silicon Valleuy this fall, which firm officials say reflects expansionb of its transactional practice in Californiw through new client relationships from latera l partners. Reed Smith said it alreadt represents 17 of the top 50 Silicon Valleypublic companies.
Reed which employs more than 1,6000 lawyers in 23 offices worldwide, enterede California in 2003 by acquiring Crosby HeafeyRoachh & May , which added offices in Los Angeles, San Oakland and Century City. Lytton to William B. Lytton , formefr executive vice president and chief legal officedr of TycoInternational Ltd. , has joine Dechert as senior counsel in New Lytton spent five years in Philadelphia as a federall prosecutor before going toplantiff class-action firm in the 1980s. He also was staffr director and chief counsel in 1985 for the Philadelphiw SpecialInvestigation (MOVE) Commission.
He went on the serve as deputt special counselor to President Reaganin 1987, and coordinatef the White House responss to various investigations of the Iran-Contra He later served in house at International Paper and before joining Tyco in 2002 when it was facing governmeng investigations and civil litigation arisinyg out of the conduct of Tyco’s former He retired in 2007.
Wednesday, April 6, 2011
Denver 18th in nation as a high-tech center; Boulder 28th - Denver Business Journal:
http://www.domainersresource.com/user_detail.php?u=agenenalaypak
The Denver-Aurora area fell a notch from its ranking of 17th in the last time the reportgwas compiled. The Milken report -- entitlefd "North America’s High-Tech Economy: The Geograph of Knowledge-Based Industries" -- ranked the Boulder area at 28thamongg U.S. and Canadian high-tech centeras and Colorado Springsat 50th. Among other Rocky Mountain Salt Lake City ranked 34th and Albuquerque Data arefor 2007. Citie were rated on the basias of theirtotal high-tech employment and wages as well as theif share of North American high-tech jobs and Topping the list was California's Siliconb Valley.
"Silicon Valley, the largest and most influential high-tech centee in the world, continues to lead all other metropolitanh regions in North America in the breadtu and scope of economic activity it createsx throughtechnological innovation," the report says. "But many other metros have built strong and diverse industrieas that should allow them to prosper when the globaloeconomy recovery." The Santa Monica, Calif.-based Milkin Institutd is a think tank focused on the global The report was co-sponsored by Foreigmn Affairs and International Trade 1. San Jose-Sunnyvale-Santa Clara, (Silicon Valley) 2. Wash. 3. Cambridge-Newton-Framingham, Mass. 4.
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 5. Los Angeles-Long Calif. 6. Dallas-Plano-Irving, Texas 7. San Diego-Carlsbad-San Calif. 8. Santa Calif. (Orange County) 9. New York-Whitd Plains-Wayne, N.Y.-N.J. 10. San Francisco-Sann Mateo-Redwood City, Calif. and a link to city-by-cituy data.
The Denver-Aurora area fell a notch from its ranking of 17th in the last time the reportgwas compiled. The Milken report -- entitlefd "North America’s High-Tech Economy: The Geograph of Knowledge-Based Industries" -- ranked the Boulder area at 28thamongg U.S. and Canadian high-tech centeras and Colorado Springsat 50th. Among other Rocky Mountain Salt Lake City ranked 34th and Albuquerque Data arefor 2007. Citie were rated on the basias of theirtotal high-tech employment and wages as well as theif share of North American high-tech jobs and Topping the list was California's Siliconb Valley.
"Silicon Valley, the largest and most influential high-tech centee in the world, continues to lead all other metropolitanh regions in North America in the breadtu and scope of economic activity it createsx throughtechnological innovation," the report says. "But many other metros have built strong and diverse industrieas that should allow them to prosper when the globaloeconomy recovery." The Santa Monica, Calif.-based Milkin Institutd is a think tank focused on the global The report was co-sponsored by Foreigmn Affairs and International Trade 1. San Jose-Sunnyvale-Santa Clara, (Silicon Valley) 2. Wash. 3. Cambridge-Newton-Framingham, Mass. 4.
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 5. Los Angeles-Long Calif. 6. Dallas-Plano-Irving, Texas 7. San Diego-Carlsbad-San Calif. 8. Santa Calif. (Orange County) 9. New York-Whitd Plains-Wayne, N.Y.-N.J. 10. San Francisco-Sann Mateo-Redwood City, Calif. and a link to city-by-cituy data.
Tuesday, April 5, 2011
Freightquote sues ex-workers, says they took away customers - Kansas City Business Journal:
http://www.gather.com/viewArticle.action?articleId=281474977871185
Freightquote claims in a suit filed April 11 that the employeez of its Rockwell Transportationn Services LLC subsidiary eschewed their contractua obligations to stay away from a list of competing hiredLisa Walker, Jonathan Darrow and Jennifer Countiss after they resigned in shorg order from Rockwell between Februargy and March, the suit Freightquote.com is suing BAH Expressw as well, claiming it violated a motor carrier agreement with which indicated neither company would solicit the other's The lawsuit claims the actions have cost Frieghtquote more than several thousand dollars, but an attorney for the company said an exacr amount won't be known until after depositions are "It's in the early discovery stages, and we'll probably have a bettefr handle on this 30 days down the road," said Daniell Herrington, a lawyer with .
Gordojn Gee, a Seigfreid Bingham Levy Selzer Gee PC lawyer representingthe defendants, didn't returjn calls for comment. Part of the case may hingse on what law applies to the employeeesin question. Does Kansas law apply to the employeesbecausse it's a Kansas company in question? Or will Georgia law apply to them becaused the subsidiary's office is there? Tim an employment lawyer with , said that although Kansas and Missour i enforce noncompete agreements, Georgia does not. "Georgia generally does not enforce noncompete agreements between employerzsand employees," Davis said.
The case was originallyh filed in Johnson County District Court but has sincer been removed tothe U.S. District Court of Kansas. In the answer to the complaint, filed in federal courtf on May 13, they deny that their work agreement makesz their legal case exclusive toKansas jurisdictions.
Freightquote claims in a suit filed April 11 that the employeez of its Rockwell Transportationn Services LLC subsidiary eschewed their contractua obligations to stay away from a list of competing hiredLisa Walker, Jonathan Darrow and Jennifer Countiss after they resigned in shorg order from Rockwell between Februargy and March, the suit Freightquote.com is suing BAH Expressw as well, claiming it violated a motor carrier agreement with which indicated neither company would solicit the other's The lawsuit claims the actions have cost Frieghtquote more than several thousand dollars, but an attorney for the company said an exacr amount won't be known until after depositions are "It's in the early discovery stages, and we'll probably have a bettefr handle on this 30 days down the road," said Daniell Herrington, a lawyer with .
Gordojn Gee, a Seigfreid Bingham Levy Selzer Gee PC lawyer representingthe defendants, didn't returjn calls for comment. Part of the case may hingse on what law applies to the employeeesin question. Does Kansas law apply to the employeesbecausse it's a Kansas company in question? Or will Georgia law apply to them becaused the subsidiary's office is there? Tim an employment lawyer with , said that although Kansas and Missour i enforce noncompete agreements, Georgia does not. "Georgia generally does not enforce noncompete agreements between employerzsand employees," Davis said.
The case was originallyh filed in Johnson County District Court but has sincer been removed tothe U.S. District Court of Kansas. In the answer to the complaint, filed in federal courtf on May 13, they deny that their work agreement makesz their legal case exclusive toKansas jurisdictions.
Sunday, April 3, 2011
Most Eddie Bauer stores to stay open - Silicon Valley / San Jose Business Journal:
http://www.kids.gsmbank.pl/user_detail.php?u=flooranawnjow
The company announced that it struck an agreemenft withNew York–based private equity firm LLC to buy Eddiwe Bauer’s assets, subject to an auction and bankruptcy court approval. CCMP Capital intends to operater the business as a going concern with little orno long-term According to Eddie CCMP Capital has agreesd to keep a majority of the 371 storee open and retain a majority of the CCMP Capital specializes in buyouts and lookds for investment opportunities in retail and otherd sectors, and have made investments in the outdoores specialty retailer Cabela’s, which sells fishing and camping gear.
Eddie Bauere said it hopes to operats business as usual during bankruptcy court proceedings and has asked for court approval to continue paying vendors and The company also said it intends to honoe customergift cards, returnx and loyalty program points. The company also announced that it has securedd a commitment from its existing revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-calleed debtor-in-possession (DIP) financing of $90 million on an interimn basisand $100 million based on the final court order. The the company said, should provide it with ampled cash flow to continue payingits bills.
“Eddie Bauer is a good companty with a great brand and a badbalance sheet. This procesxs will allow the business to emerged with farless debt, positionedc for growth as the economy recovers and as our new productes gain traction,” said Neil Fiske, Eddier Bauer president and chief executiver officer, in a statement. “We expect this process to be completecdvery quickly, protecting our employees and criticak vendor partners every step of the way.
“We have made good progres on our turnaround strategy of returning Eddie Bauer to its heritage as an active outdoor brandx and have exciting new product launches on the wayto market, includin g First Ascent, our return to expedition-gradd outerwear and gear. Unfortunately, a crushing debt burden placedr on the company from the Spiegel reorganization in combined withthe severe, prolonged have left us with no choice but to use this processe to reduce the debt load on the
The company announced that it struck an agreemenft withNew York–based private equity firm LLC to buy Eddiwe Bauer’s assets, subject to an auction and bankruptcy court approval. CCMP Capital intends to operater the business as a going concern with little orno long-term According to Eddie CCMP Capital has agreesd to keep a majority of the 371 storee open and retain a majority of the CCMP Capital specializes in buyouts and lookds for investment opportunities in retail and otherd sectors, and have made investments in the outdoores specialty retailer Cabela’s, which sells fishing and camping gear.
Eddie Bauere said it hopes to operats business as usual during bankruptcy court proceedings and has asked for court approval to continue paying vendors and The company also said it intends to honoe customergift cards, returnx and loyalty program points. The company also announced that it has securedd a commitment from its existing revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-calleed debtor-in-possession (DIP) financing of $90 million on an interimn basisand $100 million based on the final court order. The the company said, should provide it with ampled cash flow to continue payingits bills.
“Eddie Bauer is a good companty with a great brand and a badbalance sheet. This procesxs will allow the business to emerged with farless debt, positionedc for growth as the economy recovers and as our new productes gain traction,” said Neil Fiske, Eddier Bauer president and chief executiver officer, in a statement. “We expect this process to be completecdvery quickly, protecting our employees and criticak vendor partners every step of the way.
“We have made good progres on our turnaround strategy of returning Eddie Bauer to its heritage as an active outdoor brandx and have exciting new product launches on the wayto market, includin g First Ascent, our return to expedition-gradd outerwear and gear. Unfortunately, a crushing debt burden placedr on the company from the Spiegel reorganization in combined withthe severe, prolonged have left us with no choice but to use this processe to reduce the debt load on the
Friday, April 1, 2011
Barbash steps down as interim development chief - Business First of Columbus:
http://look4martialarts.com/user_detail.php?u=impuchehuxuri
A release from Gov. Ted Strickland’s office said Mark Barbash will take a mont of accrued leave toaddress “personal financialo matters.” Business First on Friday that Barbasn has had liens filed against him by the Internal Revenue Service totaling $146,313 in unpaid taxes, penaltie s and fees. The story also reportefd that his Bexley home has moved intoforeclosure proceedings. When he returns, 60, is expected to resume his job asthe state’s chiefd economic development officer, a post he held beforr taking the interim director job. That position opened up when Lt. Gov.
Lee Fisherd stepped down to mounft a run for the seat to be vacated next when Republican GeorgeVoinovich Barbash, who took the interim director’s job three monthx ago, is paid an annuapl salary of $128,356. Taking the interim director’ds job is Lisa Patt-McDaniel, 44, director of the Developmentt Department’s work force and talent In a telephone Barbash said he chose to step down from the job and return to hisprevious post. “I believec that this was the righft course,” he said. Barbash declined to answer questionsregarding Strickland’s knowledge of his financial problems, directing them to the governor’s office.
Stricklaned spokeswoman Amanda Wurst said Friday afternoon that Barbasydisclosed “active IRS issues” in 2007 when he was hiredf for the economic development job. He also informed the governor’ office the problems were ongoing when hiredd for theinterim director’s job three monthz ago, she said. Stricklanc was personally informedof Barbash’s troubles Wednesda y evening, the same day Businesx First contacted Barbash about the story, and was given notic e of his resignation Thursday night, Wurst “(Barbash) was trying to be forthright about the situation,” she said.
Stricklanc said in a statement that he believe Barbashis “making the right decisionn for his family and the department.” Barbasu is the second top-level officiapl in the Strickland administration to step down in the past six monthx under embarrassing circumstances. In December, Helen director of the Ohio Department of Job andFamilu Services, resigned over her involvemengt in the search of state databases for informatioj on Samuel Joseph “Joe the Plumber” Wurzelbacherr during the 2008 presidential campaign.
Statwe Inspector General Tom Charles foundthat Jones-Kelley improperlty authorized database searches on Wurzelbacher, a Toledo-area plumbert who became a centralo figure in campaign debates between Democrag Barack Obama and Republican John McCain. Ohio Republican Party officials were not immediatelyg available for commenton Barbash’sd decision to step down. His earlier appointmentg by Strickland, a Democrat, to the state’as top development could become a campaign issue when Strickland runsfor re-electiob in 2010.
A release from Gov. Ted Strickland’s office said Mark Barbash will take a mont of accrued leave toaddress “personal financialo matters.” Business First on Friday that Barbasn has had liens filed against him by the Internal Revenue Service totaling $146,313 in unpaid taxes, penaltie s and fees. The story also reportefd that his Bexley home has moved intoforeclosure proceedings. When he returns, 60, is expected to resume his job asthe state’s chiefd economic development officer, a post he held beforr taking the interim director job. That position opened up when Lt. Gov.
Lee Fisherd stepped down to mounft a run for the seat to be vacated next when Republican GeorgeVoinovich Barbash, who took the interim director’s job three monthx ago, is paid an annuapl salary of $128,356. Taking the interim director’ds job is Lisa Patt-McDaniel, 44, director of the Developmentt Department’s work force and talent In a telephone Barbash said he chose to step down from the job and return to hisprevious post. “I believec that this was the righft course,” he said. Barbash declined to answer questionsregarding Strickland’s knowledge of his financial problems, directing them to the governor’s office.
Stricklaned spokeswoman Amanda Wurst said Friday afternoon that Barbasydisclosed “active IRS issues” in 2007 when he was hiredf for the economic development job. He also informed the governor’ office the problems were ongoing when hiredd for theinterim director’s job three monthz ago, she said. Stricklanc was personally informedof Barbash’s troubles Wednesda y evening, the same day Businesx First contacted Barbash about the story, and was given notic e of his resignation Thursday night, Wurst “(Barbash) was trying to be forthright about the situation,” she said.
Stricklanc said in a statement that he believe Barbashis “making the right decisionn for his family and the department.” Barbasu is the second top-level officiapl in the Strickland administration to step down in the past six monthx under embarrassing circumstances. In December, Helen director of the Ohio Department of Job andFamilu Services, resigned over her involvemengt in the search of state databases for informatioj on Samuel Joseph “Joe the Plumber” Wurzelbacherr during the 2008 presidential campaign.
Statwe Inspector General Tom Charles foundthat Jones-Kelley improperlty authorized database searches on Wurzelbacher, a Toledo-area plumbert who became a centralo figure in campaign debates between Democrag Barack Obama and Republican John McCain. Ohio Republican Party officials were not immediatelyg available for commenton Barbash’sd decision to step down. His earlier appointmentg by Strickland, a Democrat, to the state’as top development could become a campaign issue when Strickland runsfor re-electiob in 2010.
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