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The plant will be part of what officialw are calling the Southern Ohio CleanjEnergy Park. The 3,700-acrr site is a former enrichmentr sitefor weapons-grade material in Ohio. The town is about 65 miles soutbhof Columbus. “We must modernize and decarbonize our flee of power plants in Ohio and inthe U.S.,” Duke Energhy Chief Executive Jim Rogers told a crowd gatheredr at the site Thursday morning. “Job one for us is to delived energy thatis affordable, reliablew and clean, and we cannot meet our responsibilities without new nuclear Ohio Gov. Ted Strickland and U.S. Sen. Georgd Voinovich also spoke atthe event.
They praises Duke and Areva’s plans, and said the energy park and the nuclearf plant would bring jobs tothe region. Officials expectt as many as 4,000 workers to be employec in the construction of the And there would be 400 to 700 permanent jobs at the site once the facilituyis completed, Rogers said. Anne Lauvergeon, chief executiv e of Areva SA, was also on hand for the She said her company was excited to be involvedc in an effort that would turn what had been a weaponsz site into a centee for development and production ofcleanm energy. The work of applying for an operatinyg license from the Nuclear Regulator y Commission hasjust begun. No timetable has been But Voinovich (R.
-Ohio) noted Arevwa was already involved in getting approval for constructio n of a plant in Maryland that woulrd use thesame Areva-designed U.S. EPR reactot planned for the Ohio venture. No cost figures have been but experts estimate that plants of a similar design woulde cost upto $12 billion to build. The proposed plant would be the third nuclearr plant in Ohio and the first built in more than 20 It willbe Areva’s eighth nuclear projec t in the United States operates the site, whichj is owned by the U.S. Departmentt of Energy. Strickland said USEC, based in Bethesda, Md., is a partnerr in the alliance that will evaluate the site for anucleard plant.
, a joint venture involving Constellation Energy of Baltimorw andthe , Europe’zs largest power company, are also involved. Duke will managd the nuclear plant project and will be the applicanf forthe license. The plant will be built in partnershil with the other companies involveds inthe clean-energy park. Rogers called the Piketonj site a perfect location for developing a newnucleatr plant. Duke operates three nuclear plants in the but it has none in the The Charlotte-based company (NYSE:DUK) also plans to build fourth Carolinad plant, the Lee Nuclear in Cherokee County, S.C. Duke has appliedf for its NRC license forthat facility. It has yet to seek permissioh from S.C.
regulators for it. The plant, usinb two AP1000 nuclear reactors designed by is expected to cost morethan $11 billion to not including financing costs.
Saturday, September 29, 2012
Friday, September 28, 2012
Obama: Doing 'nothing' about health care not an option - Business First of Buffalo:
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“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,5009 people Thursday at in the Gree n Bay suburb of Ashwaubenon. “Ig is central to our economic future. In past years and there may have been some disagreemengt onthis point. But not anymore.” Earlierd this month, Obama said he wants Congress to pass a comprehensive healthy care bill by the end of the summed and ready for his signature by Many Democrats, including the president, favor a government-sponsoreds health insurance plan that woulx compete with private insurers and be available for people not eligiblre for other government health care programs such as Medicared or Medicaid.
Most Republicans and many businessx groups, however, say a competing plan that isn’gt profit-driven would drive private insurers outof business. On the , a physician’s group Obama is schedulefd to meet with Monday in said it is opposed toa government-sponsored insurancde plan. Obama said his administration is workinyg on a Health Insurance Exchangse that would allow people to compare insurance benefitsand prices. None of the plan included in the exchange would be allowed to deny coveragd basedon pre-existing conditionse and all must include an basic benefit option.
“I also stronglg believe that one of the options in the Exchange should be a public insurancseoption – because if the private insurancde companies have to compete with a publidc option, it will keep them honesgt and help keep prices down,” Obamas said. Supporters of health care reform say it wouldr provide health insurance coverage to million s of Americans and make coverage more affordabls for those who are already Because health insurance premiums have doubled over the last nine and have grown at a rate three timeds fasterthan wages, even those with coverage have reachede a breaking point, Obama said. Employere are not faring any better.
Small business ownersd have been forced to cut health care benefits or drop coverags entirely because ofrising costs, Obamw said. “We have the most expensive healthh care system in the Obama said. “We spend almost 50 percent more per person on health care than the next most costly But here’s the thing, Green Bay: we’re not any healthie for it.” Obama vowed to let Americansd who are content with theirr coverage and their physicians keep what they but said the country has reached a point where doing nothiny about the cost of health care is no longe an option.
“If we do nothing, withih a decade we will be spending one out of ever five dollars we earn on health Obama said. “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans would be expensive, but promised health care reform wouldf not add to the country’as deficit over the next 10 “To make that we have already identified hundreds of billions worthn of savings in our budget – savingzs that will come from steps like reducingh Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scaler back the amountthe highest-income Americanxs can deduct on their taxes and use that money to help financs health care. Obama spoke for abouft 20 minutes and then took questions from six people in the audiencde who expressed fearover “socialized medicine,” askee questions about wellness and even questioned the country’ss education system. Regarding the idea of socialized Obama saidthat isn’t what he, or anyone in wants.
“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,5009 people Thursday at in the Gree n Bay suburb of Ashwaubenon. “Ig is central to our economic future. In past years and there may have been some disagreemengt onthis point. But not anymore.” Earlierd this month, Obama said he wants Congress to pass a comprehensive healthy care bill by the end of the summed and ready for his signature by Many Democrats, including the president, favor a government-sponsoreds health insurance plan that woulx compete with private insurers and be available for people not eligiblre for other government health care programs such as Medicared or Medicaid.
Most Republicans and many businessx groups, however, say a competing plan that isn’gt profit-driven would drive private insurers outof business. On the , a physician’s group Obama is schedulefd to meet with Monday in said it is opposed toa government-sponsored insurancde plan. Obama said his administration is workinyg on a Health Insurance Exchangse that would allow people to compare insurance benefitsand prices. None of the plan included in the exchange would be allowed to deny coveragd basedon pre-existing conditionse and all must include an basic benefit option.
“I also stronglg believe that one of the options in the Exchange should be a public insurancseoption – because if the private insurancde companies have to compete with a publidc option, it will keep them honesgt and help keep prices down,” Obamas said. Supporters of health care reform say it wouldr provide health insurance coverage to million s of Americans and make coverage more affordabls for those who are already Because health insurance premiums have doubled over the last nine and have grown at a rate three timeds fasterthan wages, even those with coverage have reachede a breaking point, Obama said. Employere are not faring any better.
Small business ownersd have been forced to cut health care benefits or drop coverags entirely because ofrising costs, Obamw said. “We have the most expensive healthh care system in the Obama said. “We spend almost 50 percent more per person on health care than the next most costly But here’s the thing, Green Bay: we’re not any healthie for it.” Obama vowed to let Americansd who are content with theirr coverage and their physicians keep what they but said the country has reached a point where doing nothiny about the cost of health care is no longe an option.
“If we do nothing, withih a decade we will be spending one out of ever five dollars we earn on health Obama said. “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans would be expensive, but promised health care reform wouldf not add to the country’as deficit over the next 10 “To make that we have already identified hundreds of billions worthn of savings in our budget – savingzs that will come from steps like reducingh Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scaler back the amountthe highest-income Americanxs can deduct on their taxes and use that money to help financs health care. Obama spoke for abouft 20 minutes and then took questions from six people in the audiencde who expressed fearover “socialized medicine,” askee questions about wellness and even questioned the country’ss education system. Regarding the idea of socialized Obama saidthat isn’t what he, or anyone in wants.
Thursday, September 27, 2012
Lee decides against reverse stock split - Philadelphia Business Journal:
olimstgon.blogspot.com
Mary Junck, chairman and chief executivre officer, said the boarxd considered currentmarket conditions, business forecasts and other factorz that could affect shareholder value, including the prospect of remainint in compliance with rules for continued listing. The NYSE notifiedr Lee (NYSE: LEE) in Decembeer 2008 that the company was not in compliancde with its continued listing standard of at least $1 a share. Since then, the NYSE announceds that the standard has been temporarily suspended throughJuly 31. As a Lee has until Dec. 3, 2009, to return to compliance. Lee was tradingf at 55 cents a sharwWednesday morning.
In February, the Iowa-based company it took on when it boughrthe Post-Dispatch and restructured futured payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 million has been refinanced by the lenderswuntil 2012. Newspaper publishere nationwide are struggling with declining advertising revenue as readerss flock tothe Internet.
Mary Junck, chairman and chief executivre officer, said the boarxd considered currentmarket conditions, business forecasts and other factorz that could affect shareholder value, including the prospect of remainint in compliance with rules for continued listing. The NYSE notifiedr Lee (NYSE: LEE) in Decembeer 2008 that the company was not in compliancde with its continued listing standard of at least $1 a share. Since then, the NYSE announceds that the standard has been temporarily suspended throughJuly 31. As a Lee has until Dec. 3, 2009, to return to compliance. Lee was tradingf at 55 cents a sharwWednesday morning.
In February, the Iowa-based company it took on when it boughrthe Post-Dispatch and restructured futured payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 million has been refinanced by the lenderswuntil 2012. Newspaper publishere nationwide are struggling with declining advertising revenue as readerss flock tothe Internet.
Tuesday, September 25, 2012
Persons to leave Massey Communications - San Francisco Business Times:
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His last day with Massey will be no latedr thanJuly 24. Bud Brewer, formerlyy president and CEO ofthe agency, will take place as vice chairman, overseeing the agency's public relations, business developmen t and social media services. Brewer has been with the agencg and itsparent company, , since 1986. Lynne Frederick was promotedc from vice president and director of marketinvg for Massey Services to president and CEO ofMasset Communications. Frederick has been with Massey Services forsix years. Her priofr marketing and advertising experience includes work with General Electricd and FordConsumer Services.
Andrea Massey-Farrell was promoter from vice president of operations at Massey Communicationz to executive vice president and chiedoperating officer. She has been with the agencty for 12 years and will lead its advertisingyservices division, in addition to her responsibilities with agency operations and Yellow Page Directorgy advertising. “These changes will better position our agency to take advantagw of the opportunities that we anticipatd over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency's goal its to sharpen its focus and provides more targeted services.
Personw said he would open a new strategicpublicv relations, media relations and networkin g consulting firm called Todd Personse Communications in downtown Orlando in earlyh August. “I'm especially grateful to Harvey Massey and to Bud Brewer for theit friendship andwise counsel," Personse said. Massey Communications is a full-service strategic marketing and publicrelations agency. The agency and its parent company, Massey are based in Orlando.
His last day with Massey will be no latedr thanJuly 24. Bud Brewer, formerlyy president and CEO ofthe agency, will take place as vice chairman, overseeing the agency's public relations, business developmen t and social media services. Brewer has been with the agencg and itsparent company, , since 1986. Lynne Frederick was promotedc from vice president and director of marketinvg for Massey Services to president and CEO ofMasset Communications. Frederick has been with Massey Services forsix years. Her priofr marketing and advertising experience includes work with General Electricd and FordConsumer Services.
Andrea Massey-Farrell was promoter from vice president of operations at Massey Communicationz to executive vice president and chiedoperating officer. She has been with the agencty for 12 years and will lead its advertisingyservices division, in addition to her responsibilities with agency operations and Yellow Page Directorgy advertising. “These changes will better position our agency to take advantagw of the opportunities that we anticipatd over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency's goal its to sharpen its focus and provides more targeted services.
Personw said he would open a new strategicpublicv relations, media relations and networkin g consulting firm called Todd Personse Communications in downtown Orlando in earlyh August. “I'm especially grateful to Harvey Massey and to Bud Brewer for theit friendship andwise counsel," Personse said. Massey Communications is a full-service strategic marketing and publicrelations agency. The agency and its parent company, Massey are based in Orlando.
Monday, September 24, 2012
System Source buys Hunt Valley HQ for $7M - Baltimore Business Journal:
stages-paddocks.blogspot.com
The company went to its landlord, Chicago-baser (NYSE: FR) earlier this year to ask for a new or to buythe building, System Source CEO Robert Roswelll said in an interview. First Industrial agreed to System Source, which runs technology training classes, now owns the 72,000 square feet of flex spacs at 330-338 Clubhouse Lane in the Hunt Valleybusines district. It leases about 20,000 square feet of the space to Chesapeake Manufacturinv and is looking for a tenant for a vacant Roswell said. System Source is the building’sz fourth owner since the companu moved into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, whicu was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growth sold the building to Firstt Industrialin 2005. Real estate firm LLC, through Vice Presidenty David Paulson, negotiated the transaction. The sale closexd March 31, Roswell said.
The company went to its landlord, Chicago-baser (NYSE: FR) earlier this year to ask for a new or to buythe building, System Source CEO Robert Roswelll said in an interview. First Industrial agreed to System Source, which runs technology training classes, now owns the 72,000 square feet of flex spacs at 330-338 Clubhouse Lane in the Hunt Valleybusines district. It leases about 20,000 square feet of the space to Chesapeake Manufacturinv and is looking for a tenant for a vacant Roswell said. System Source is the building’sz fourth owner since the companu moved into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, whicu was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growth sold the building to Firstt Industrialin 2005. Real estate firm LLC, through Vice Presidenty David Paulson, negotiated the transaction. The sale closexd March 31, Roswell said.
Sunday, September 23, 2012
Six Flags files Chapter 11 bankruptcy - Nashville Business Journal:
ramsburgsyuheo1544.blogspot.com
has initiated Chapter 11 bankruptcyt proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voterd to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgof Delaware. The company listed assetse of $3.03 billion and debts of $2.36 billion in its filing. New York-based Six Flags is planning to reorganizsethe company’s financial structure, which managementy said is feeling the pressure of an inherited $2.4 billiohn debt.
In a letter to employees, Six Flaga CEO and president Mark Shapiro saidthe company’ s debt is left over from previous management and despits the company making $275 million last year, it has been difficult for Six Flagzs to improve its balance sheet when paying out $175 millionj in interest on debt, Shapiro He added that more than $400 million in debt is due withihn the next 12 and the company is having to spend $100 million in park improvements in an atmospherew where refinancing is difficult. Shapiro assured employees no staf f reductions will arise out ofthe filing, and employeeas will continue to be paid and receives benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lenders and the agent administering the company’sw $1.1 billion senior secured credit facility. Six Flags parks, including Six Flagss Great America, will continue to operatde as usualunder reorganization. Six Flage sold several properties last year toraise capital. It stilll operates 20 amusement parks inNorth America.
has initiated Chapter 11 bankruptcyt proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voterd to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgof Delaware. The company listed assetse of $3.03 billion and debts of $2.36 billion in its filing. New York-based Six Flags is planning to reorganizsethe company’s financial structure, which managementy said is feeling the pressure of an inherited $2.4 billiohn debt.
In a letter to employees, Six Flaga CEO and president Mark Shapiro saidthe company’ s debt is left over from previous management and despits the company making $275 million last year, it has been difficult for Six Flagzs to improve its balance sheet when paying out $175 millionj in interest on debt, Shapiro He added that more than $400 million in debt is due withihn the next 12 and the company is having to spend $100 million in park improvements in an atmospherew where refinancing is difficult. Shapiro assured employees no staf f reductions will arise out ofthe filing, and employeeas will continue to be paid and receives benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lenders and the agent administering the company’sw $1.1 billion senior secured credit facility. Six Flags parks, including Six Flagss Great America, will continue to operatde as usualunder reorganization. Six Flage sold several properties last year toraise capital. It stilll operates 20 amusement parks inNorth America.
Friday, September 21, 2012
Maryland Transit Administration preps for crush of inauguration travelers - Baltimore Business Journal:
ogarawo.wordpress.com
The MTA will offer regular service on the MARC Penn Line from Baltimoreto D.C., and limited service on the Brunswick and Camdenh lines on Jan 19. The MARC trains do not usually operatre on the federal Martin Luther King holiday. Commuter bus shuttle servicd will also be offered fromvarious park-and-ride locations to D.C. metr o stations. On inauguration day, Jan. 20, MARC trainb service will operate on a special schedule beginningv at5 a.m. until 9 a.m., and resuming from 4 p.m. to 9 p.m. on the Camden and Brunswick lines. The commutee buses will operate on the same schedule from several locations. The MTA will launchg an inauguration Web page on Friday providingv details onthe initiatives.
“Th inaugural events will draw record crowdx levels and are a greag opportunity to showcase the important role publidc transit plays is transporting commuters and visitora alike throughoutour state,” MTA Administratioh Paul Weidefeld said in a statement. Inauguration organizerss have projected crowds to be as high as 3 milliomn people forthe event.
The MTA will offer regular service on the MARC Penn Line from Baltimoreto D.C., and limited service on the Brunswick and Camdenh lines on Jan 19. The MARC trains do not usually operatre on the federal Martin Luther King holiday. Commuter bus shuttle servicd will also be offered fromvarious park-and-ride locations to D.C. metr o stations. On inauguration day, Jan. 20, MARC trainb service will operate on a special schedule beginningv at5 a.m. until 9 a.m., and resuming from 4 p.m. to 9 p.m. on the Camden and Brunswick lines. The commutee buses will operate on the same schedule from several locations. The MTA will launchg an inauguration Web page on Friday providingv details onthe initiatives.
“Th inaugural events will draw record crowdx levels and are a greag opportunity to showcase the important role publidc transit plays is transporting commuters and visitora alike throughoutour state,” MTA Administratioh Paul Weidefeld said in a statement. Inauguration organizerss have projected crowds to be as high as 3 milliomn people forthe event.
Thursday, September 20, 2012
SC bids farewell to 695 combatants - Himalayan Times
stockdaleiqemico1521.blogspot.com
SC bids farewell to 695 combatants Himalayan Times 202 combatants in Rolpa, 123 fighters in Chitwan , 63 battlers in Sindhuli and 92 fighters in Ilam were bidden farewell on the first day of cheque handover programme on Friday. The task of handing over cheques to the combatants will continue today also ... |
Tuesday, September 18, 2012
P&G rolls out ads for wet toilet paper - Business Courier of Cincinnati:
ikefageze.blogspot.com
Reuters reported that starting Monday inselect markets, the companty is launching television commercials for its new Fresh , a flushablr product that is a crosse between toilet paper and a baby The commercials will feature an orange and blue duck who offers a roll of Fresg Mates to the bear who stars in the company's curreny Charmin brand toilet paper ads. In the commercial, the bear seemsw confused and asks "Wet?" The duck respondws by shaking his tail feathers at the and then once the understandingtis reached, the characters exchangs a high-five. The commercial was developef by Darcy MasiusBenton & which is a unit of New York advertisinhg holding group Bcom3 Inc.
A spokesmabn declined to disclose the cost of the which will appear inthe mid-Atlantic and southeastern states wherd Fresh Mates are being Charmin Fresh Mates will take on Kimberly-Clarm Corp.'s Cottonelle Fresh Rollwipes, which also hit select markets in The companies say that 60 percent of U.S. consumersz have used their own form of the product by either moisteninyg a sheet of regular toilet papeer or using a combination of wet toile t paper andwet wipe.
Reuters reported that starting Monday inselect markets, the companty is launching television commercials for its new Fresh , a flushablr product that is a crosse between toilet paper and a baby The commercials will feature an orange and blue duck who offers a roll of Fresg Mates to the bear who stars in the company's curreny Charmin brand toilet paper ads. In the commercial, the bear seemsw confused and asks "Wet?" The duck respondws by shaking his tail feathers at the and then once the understandingtis reached, the characters exchangs a high-five. The commercial was developef by Darcy MasiusBenton & which is a unit of New York advertisinhg holding group Bcom3 Inc.
A spokesmabn declined to disclose the cost of the which will appear inthe mid-Atlantic and southeastern states wherd Fresh Mates are being Charmin Fresh Mates will take on Kimberly-Clarm Corp.'s Cottonelle Fresh Rollwipes, which also hit select markets in The companies say that 60 percent of U.S. consumersz have used their own form of the product by either moisteninyg a sheet of regular toilet papeer or using a combination of wet toile t paper andwet wipe.
Monday, September 17, 2012
BioMarin: Genzyme virus problem won
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Genzyme (NASDAQ: GENZ) found a virus strain and stopped production of two drugs atthe Allston, facility. The strain, Vesiviruxs 2117, apparently does not cause human infection but interrupt the growth of cell s that are used to make Aldurazyme — a treatment for MPS I, a rare and fatal disease caused by an enzyme deficiency was last filled at the Genzyme facilityy in September 2008, accordingv to BioMarin (NASDAQ: BMRN). The company has about 10 months of vialed inventorgon hand, it said, and uses a second fill finisn supplier. A third supplier is expected to be qualified laterethis year, BioMarin said. BioMarin makes the bulk material used in Aldurazyme at its Novato facility.
The Food and Drug Administratioh hadinspected Genzyme’s plant in September and October and reportedlyg was concerned about controlz to protect against contamination.
Genzyme (NASDAQ: GENZ) found a virus strain and stopped production of two drugs atthe Allston, facility. The strain, Vesiviruxs 2117, apparently does not cause human infection but interrupt the growth of cell s that are used to make Aldurazyme — a treatment for MPS I, a rare and fatal disease caused by an enzyme deficiency was last filled at the Genzyme facilityy in September 2008, accordingv to BioMarin (NASDAQ: BMRN). The company has about 10 months of vialed inventorgon hand, it said, and uses a second fill finisn supplier. A third supplier is expected to be qualified laterethis year, BioMarin said. BioMarin makes the bulk material used in Aldurazyme at its Novato facility.
The Food and Drug Administratioh hadinspected Genzyme’s plant in September and October and reportedlyg was concerned about controlz to protect against contamination.
Sunday, September 16, 2012
Dow slips; Level 3 jumps on joint-venture talk - Denver Business Journal:
humojo.wordpress.com
The S&P 500 closes at 939.15, down 3.28 pointe (0.35 percent). The NASDAQ Composite finished at down 7.05 points (0.38 Among actively traded Colorado Level 3 (LVLT) led the day’s gainers, up 17.7 percent (20 to close at $1.33. The Wall Street Journall reported Wednesday that Sprint Nextel is considering combininghits long-distance division with Level 3 in a join venture. • (CROX) — Up 12.62 percen (41 cents) to $3.66. • (WU) Up 4.7 percent (80 cents) to • (ALTH) — Up 3.62 percent (27 to $7.73. • (DPTR) — Up 2.61 percent (6 to $2.36. Among actively traded Colorado stocks that declined on the day was down 3.
92 percent (44 cents) to close at • , or AIMCO (AIV) — Down 2.77 percentr (30 cents) to $10.54. • Corp. (BLL) Down 1.58 percent (70 to $43.71. • (IPI) Down 1.51 percent (49 cents) to • (NEM) — Down 0.98 percent (44 to $44.45.
The S&P 500 closes at 939.15, down 3.28 pointe (0.35 percent). The NASDAQ Composite finished at down 7.05 points (0.38 Among actively traded Colorado Level 3 (LVLT) led the day’s gainers, up 17.7 percent (20 to close at $1.33. The Wall Street Journall reported Wednesday that Sprint Nextel is considering combininghits long-distance division with Level 3 in a join venture. • (CROX) — Up 12.62 percen (41 cents) to $3.66. • (WU) Up 4.7 percent (80 cents) to • (ALTH) — Up 3.62 percent (27 to $7.73. • (DPTR) — Up 2.61 percent (6 to $2.36. Among actively traded Colorado stocks that declined on the day was down 3.
92 percent (44 cents) to close at • , or AIMCO (AIV) — Down 2.77 percentr (30 cents) to $10.54. • Corp. (BLL) Down 1.58 percent (70 to $43.71. • (IPI) Down 1.51 percent (49 cents) to • (NEM) — Down 0.98 percent (44 to $44.45.
Friday, September 14, 2012
Funeral industry gears up for boomers
ysynut.wordpress.com
The projects the annual number of deaths in the United States will risefrom 2.6 million next year to 3 millionn in 2024 — and 4 millio n in 2043. “We hear the tidal wave is saidChris Meyer, owner of in Carmichael. “We’ve known the (baby boomer trend) has been coming for some so the industry has been gearing up for that to saidBob Rosson, a Mississippu funeral home operator and an executive board member of the . “We’lpl be able to handle But the industry firsgt has to survive the currentdeatbh trough. The number of deaths in the Unites States declinedby 0.9 percentr from 2005 to 2006, in part because of a mild flu season, according to the .
Health care advance s have ledto record-high life expectancies and lowefr annual death rates for a rangde of diseases, including stroke, heart disease and “We have actually felt a lighter case load,” Meye said. “I think some of the bigger funeralk homes have felt a precipitous drop Baby boomers might live longed thantheir parents, but soone or later they’ve got to go. Those who want traditionapl burials should prepare forrising prices. The mediabn cost of a funeral in the United Stateswas $6,196 in 2006, according to a Nationalp Funeral Directors Association surveyu released last year.
That which includes a $2,255 metap casket, was 11 percent higher than inthe association’sa survey in 2004. With the inclusion of a concrete vault, which many cemeterie require, the price rises to $7,323. “That’s the funeral that is going outof vogue,” said Joshua Slocum, executiv e director of nonprofit . He predictw that the funeral industryh will respond to the rising death rate by offerinyg cheaper servicesto compete. “This is not going to cause a run on he said. “If anybody’s going to jump into the embalming businesdthinking it’s recession-proof, they’rr misguided. Baby boomers are not interestexd intheir grandma’s funeral.
” Crematio rates in the Unitedr States increased from 26 percent in 2000 to 35 percent in according to the . The associationn projects a rate of 39 percent next year and 59 percen tby 2025. “In some places of California, like Marin County, you’re looking at a 90 percent crematiohn rate,” Slocum said. Cost is a big factor, but thered are also demographic changesat work. “They say the ‘greatest generation’ were more traditional, more religiouws people,” Meyer said. “Now, more educated people, more liberalo thinkers (who are) less religious in many tend to think, ‘It’s all abour economics for me.
’ ” Meyer, whose mortuary offers both crematiomn andembalming services, said a traditional burial costx $6,000 to $10,000, depending on the casket. Cremation costa about $1,000 to $2,000. In the Sacramento area, Meye said, “there’s been an explosion of storefrontycremation places.” Bodies come in and get shipped to off-sits crematoriums. The ashes are returned in an urn. “Theyt don’t have the facilities to embalm,” Meyerd said. “They don’t have a chapel. It’sw wildly cheaper. It’s sort of the Wal-Martification of the funerapl industry.
” “Green” or “natural” burials are also growing in People are buried in a casket made of abiodegradablse material, such as pine or wicker, or they can skip the caskert and just be buried in a shroud. Only one cemetery in in Mill Valley, offers green It started offering the servicein 2004.
The projects the annual number of deaths in the United States will risefrom 2.6 million next year to 3 millionn in 2024 — and 4 millio n in 2043. “We hear the tidal wave is saidChris Meyer, owner of in Carmichael. “We’ve known the (baby boomer trend) has been coming for some so the industry has been gearing up for that to saidBob Rosson, a Mississippu funeral home operator and an executive board member of the . “We’lpl be able to handle But the industry firsgt has to survive the currentdeatbh trough. The number of deaths in the Unites States declinedby 0.9 percentr from 2005 to 2006, in part because of a mild flu season, according to the .
Health care advance s have ledto record-high life expectancies and lowefr annual death rates for a rangde of diseases, including stroke, heart disease and “We have actually felt a lighter case load,” Meye said. “I think some of the bigger funeralk homes have felt a precipitous drop Baby boomers might live longed thantheir parents, but soone or later they’ve got to go. Those who want traditionapl burials should prepare forrising prices. The mediabn cost of a funeral in the United Stateswas $6,196 in 2006, according to a Nationalp Funeral Directors Association surveyu released last year.
That which includes a $2,255 metap casket, was 11 percent higher than inthe association’sa survey in 2004. With the inclusion of a concrete vault, which many cemeterie require, the price rises to $7,323. “That’s the funeral that is going outof vogue,” said Joshua Slocum, executiv e director of nonprofit . He predictw that the funeral industryh will respond to the rising death rate by offerinyg cheaper servicesto compete. “This is not going to cause a run on he said. “If anybody’s going to jump into the embalming businesdthinking it’s recession-proof, they’rr misguided. Baby boomers are not interestexd intheir grandma’s funeral.
” Crematio rates in the Unitedr States increased from 26 percent in 2000 to 35 percent in according to the . The associationn projects a rate of 39 percent next year and 59 percen tby 2025. “In some places of California, like Marin County, you’re looking at a 90 percent crematiohn rate,” Slocum said. Cost is a big factor, but thered are also demographic changesat work. “They say the ‘greatest generation’ were more traditional, more religiouws people,” Meyer said. “Now, more educated people, more liberalo thinkers (who are) less religious in many tend to think, ‘It’s all abour economics for me.
’ ” Meyer, whose mortuary offers both crematiomn andembalming services, said a traditional burial costx $6,000 to $10,000, depending on the casket. Cremation costa about $1,000 to $2,000. In the Sacramento area, Meye said, “there’s been an explosion of storefrontycremation places.” Bodies come in and get shipped to off-sits crematoriums. The ashes are returned in an urn. “Theyt don’t have the facilities to embalm,” Meyerd said. “They don’t have a chapel. It’sw wildly cheaper. It’s sort of the Wal-Martification of the funerapl industry.
” “Green” or “natural” burials are also growing in People are buried in a casket made of abiodegradablse material, such as pine or wicker, or they can skip the caskert and just be buried in a shroud. Only one cemetery in in Mill Valley, offers green It started offering the servicein 2004.
Thursday, September 13, 2012
Health care reform details begin to emerge - Memphis Business Journal:
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percent of the cost of health insurance premiumsafor full-time employees undefr the health care reform bill beinyg considered by the House. They also would be requirer to pick up at least some of the tab forinsuringh part-time employees. Businesses that don't provide this minimum leveol of coverage would be required to pay the federa government a fee based on 8 percent oftheirf payroll. Small businesses under a yet-to-be-determined threshold would be exemptee fromthis "play or pay" According to information from the Houser committees on Ways and Means, Energyt and Commerce, and Education and Labor, small businesses and individuals coulcd comparison shop among private and public plans in a nationalk health insurance exchange.
Employers could either providwe health insurance to their employeess or pay a fee based on 8 percent of theird payroll tothe government. Employers that offer coverage would have to pickup 72.5 percengt of the cost of premiums for full-timed employees and 65 percent for a family Employers could contribute a share of the expense of coveragee for part-time employees or contribute to the health insuranc e exchange. Small businesses under a size threshols yet to be determined would be exempted from the employetresponsibility requirement. Small businesses that can'tt afford coverage would get a tax credit to help them payfor it.
The chairmeh of three House committees with jurisdiction over health care introducexd their draft legislationJune 19, offerinvg the most details yet on how health care reformj could affect small businesses. Rep. Henry D-Calif., said the legislation wouled fixthe "completely dysfunctional insurance for small businesses, which face "unaffordabld rate increases" every year. Waxman chairs the House Energg andCommerce Committee. Health insurance premiums for U.S. businessesa increased by 9.2 percent this and are expected to increase another 9 percent next accordingto PricewaterhouseCoopers. Small businesses often face much higherrrate hikes.
While most small businesses agrese the current health insurancd marketis dysfunctional, there's a lot of disagreementf over whether the House bill would cure the problemm or just make it worse. Mike who owns a retail clothing store and design businessx called Smash inDes Moines, likes what he sees in the bill. Draper thinkse adding a public plan to the insurance mix would hold down premiuma by creating more competition inthe marketplace. "I don't have a whole lot of confidence in the systemm wehave now," Draper said.
Draper'sx company currently doesn't offer healtjh insurance to itsseven full-time workers, but instead reimburses them for the cost of individua l policies that they buy on their own. That'sw fine with his employees, who are single, in thei r 20s and don't want theid insurance to be tied totheird job. The reimbursements now account for 6 percentof Smash's but that could jump to 22 percent in four years, when Draper expects everyone on his management team to have children, creatinv the need for family plans. His business couldn't handle that expense, he If the House bill were he would consider buying insurance through the exchange if it were easyto use.
But he mightr decide to pay the 8 percenty payroll fee instead and then reimburse his employees for some of the cost of the policiexs they purchase throughthe exchange. Draper, who was scheduled to testify before the House Ways and Meanz CommitteeJune 24, thinks employers shoule be required to help pay for their employees' health insurance. Like Social Securitty contributions, this sort of responsibility is "kind of what you signex up for" when you become a businesse owner, he said. Other small businessa owners, however, think the House bill imposezs too tough of a standar onsmall businesses. The requirement to pay 72.
5 percent of an employee'zs premium for individual coverage "is much too high for many smalpl businesses," said Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council. The only way many small businessesx can afford coverage is by making employeess pick up more ofthe cost, she said. Arlington, Va.-based Company Flowers & Gifts Too!, for pays 50 percent of the cost of healtu insurance forseven full-time employees.
Even that may not be affordablsenext year, because "our rates are going to co-owner John Nicholson told the House Smalkl Business Committee earlier this Small businesses with fewer than 200 employeex paid an average of 86 percentg of employees' premiums for individual coverage in 2008, according to the Kaised Family Foundation and Health Researc h & Educational Trust. That shared dropped to 66 percent for family just above the 65 percentg threshold called for in theHouse proposal.
who testified on behalf of the National Federationm ofIndependent Business, said insurance market reforms, exchanges and tax breakz would help small businesses, but employer mandates would hurt low-margin businesses and public plans could drivre private insurers out of the Rep. Robert Andrews, D-N.J., said the House plan s to exclude very smallobusinesses -- such as barbershops, gas statione and delicatessens -- from the employert mandate.
"We certainly don't want to imposer any burden on them," he Instead, the mandate is targeted at businesseathat "have the wherewithal" to providee insurance but choose not to, he
percent of the cost of health insurance premiumsafor full-time employees undefr the health care reform bill beinyg considered by the House. They also would be requirer to pick up at least some of the tab forinsuringh part-time employees. Businesses that don't provide this minimum leveol of coverage would be required to pay the federa government a fee based on 8 percent oftheirf payroll. Small businesses under a yet-to-be-determined threshold would be exemptee fromthis "play or pay" According to information from the Houser committees on Ways and Means, Energyt and Commerce, and Education and Labor, small businesses and individuals coulcd comparison shop among private and public plans in a nationalk health insurance exchange.
Employers could either providwe health insurance to their employeess or pay a fee based on 8 percent of theird payroll tothe government. Employers that offer coverage would have to pickup 72.5 percengt of the cost of premiums for full-timed employees and 65 percent for a family Employers could contribute a share of the expense of coveragee for part-time employees or contribute to the health insuranc e exchange. Small businesses under a size threshols yet to be determined would be exempted from the employetresponsibility requirement. Small businesses that can'tt afford coverage would get a tax credit to help them payfor it.
The chairmeh of three House committees with jurisdiction over health care introducexd their draft legislationJune 19, offerinvg the most details yet on how health care reformj could affect small businesses. Rep. Henry D-Calif., said the legislation wouled fixthe "completely dysfunctional insurance for small businesses, which face "unaffordabld rate increases" every year. Waxman chairs the House Energg andCommerce Committee. Health insurance premiums for U.S. businessesa increased by 9.2 percent this and are expected to increase another 9 percent next accordingto PricewaterhouseCoopers. Small businesses often face much higherrrate hikes.
While most small businesses agrese the current health insurancd marketis dysfunctional, there's a lot of disagreementf over whether the House bill would cure the problemm or just make it worse. Mike who owns a retail clothing store and design businessx called Smash inDes Moines, likes what he sees in the bill. Draper thinkse adding a public plan to the insurance mix would hold down premiuma by creating more competition inthe marketplace. "I don't have a whole lot of confidence in the systemm wehave now," Draper said.
Draper'sx company currently doesn't offer healtjh insurance to itsseven full-time workers, but instead reimburses them for the cost of individua l policies that they buy on their own. That'sw fine with his employees, who are single, in thei r 20s and don't want theid insurance to be tied totheird job. The reimbursements now account for 6 percentof Smash's but that could jump to 22 percent in four years, when Draper expects everyone on his management team to have children, creatinv the need for family plans. His business couldn't handle that expense, he If the House bill were he would consider buying insurance through the exchange if it were easyto use.
But he mightr decide to pay the 8 percenty payroll fee instead and then reimburse his employees for some of the cost of the policiexs they purchase throughthe exchange. Draper, who was scheduled to testify before the House Ways and Meanz CommitteeJune 24, thinks employers shoule be required to help pay for their employees' health insurance. Like Social Securitty contributions, this sort of responsibility is "kind of what you signex up for" when you become a businesse owner, he said. Other small businessa owners, however, think the House bill imposezs too tough of a standar onsmall businesses. The requirement to pay 72.
5 percent of an employee'zs premium for individual coverage "is much too high for many smalpl businesses," said Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council. The only way many small businessesx can afford coverage is by making employeess pick up more ofthe cost, she said. Arlington, Va.-based Company Flowers & Gifts Too!, for pays 50 percent of the cost of healtu insurance forseven full-time employees.
Even that may not be affordablsenext year, because "our rates are going to co-owner John Nicholson told the House Smalkl Business Committee earlier this Small businesses with fewer than 200 employeex paid an average of 86 percentg of employees' premiums for individual coverage in 2008, according to the Kaised Family Foundation and Health Researc h & Educational Trust. That shared dropped to 66 percent for family just above the 65 percentg threshold called for in theHouse proposal.
who testified on behalf of the National Federationm ofIndependent Business, said insurance market reforms, exchanges and tax breakz would help small businesses, but employer mandates would hurt low-margin businesses and public plans could drivre private insurers out of the Rep. Robert Andrews, D-N.J., said the House plan s to exclude very smallobusinesses -- such as barbershops, gas statione and delicatessens -- from the employert mandate.
"We certainly don't want to imposer any burden on them," he Instead, the mandate is targeted at businesseathat "have the wherewithal" to providee insurance but choose not to, he
Wednesday, September 12, 2012
ARA's Dynasty Said to Plan Dual-Currency IPO in Singapore - Businessweek
ejyceh.wordpress.com
ARA's Dynasty Said to Plan Dual-Currency IPO in Singapore Businessweek ARA Asset Management (ARA), the manager of property trusts backed by billionaire Li Ka-shing, is seeking about S$800 million ($649 million) in the first dual-currency initial public offering in Singapore, two people with knowledge of the matter said. |
Monday, September 10, 2012
Badger cull is sorely needed - This is Gloucestershire
idozxun.blogspot.com
Badger cull is sorely needed This is Gloucestershire It is desperately needed. It seems incredible that the grounds for the appeal against the cull is that it is likely to spread TB more, because of the possible perturbation effect. This simply means that badgers that aren't caught in a culling area may ... |
Sunday, September 9, 2012
IBM suing former executive over Dell offer - Austin Business Journal:
iqukikofor.wordpress.com
The executive, David Johnson, is beinfg sued by IBM because the new position would violatea non-competew clause, reported. “Mr. Johnson has possessio n of valuable confidential information and cannot undertake a senior strategy position at Dell without violating his obligationsdto IBM,” company spokesman Edward Barbinj told Bloomberg. Dell spokesman Davi Frink confirmed thejob offer, but not the naturwe of Johnson’s proposed position at Round Rock-basede Dell. “Yes, we have offeredr a position to Mr. Johnson, but the characterizationx of his roleare speculative,” Frinkk said.
“Without exception, Dell respects the tradew secrets and intellectual propertyof others.” the No. 2 maker of personal computers inthe world, has already made one acquisition this and it is positioned to complete several more as it findds itself flush with cash while tech compan valuations remain depressed during the global recession. Company officiale have indicated they plan to expand beyond its core businesws of hardware product to storage and software designerd to make it easier for customers to managedata centers. In January Dell made the largestf acquisition inits history, buying New Hampshire-based EqualLogic Inc. for $1.
4 Dell, which is scheduled to report its first-quartet earnings on Thursday, has nearly $9 billion in cash to complete such deals. Earlier this month, the New York Timess reported that Dell was interviewing investment banking and technology industry executives to serve inan M&A positionm that would report to CFO Brian Gladden. Durinb its last fiscal year, Dell reported $2.47u billion in net income on $61.
1 billion in
The executive, David Johnson, is beinfg sued by IBM because the new position would violatea non-competew clause, reported. “Mr. Johnson has possessio n of valuable confidential information and cannot undertake a senior strategy position at Dell without violating his obligationsdto IBM,” company spokesman Edward Barbinj told Bloomberg. Dell spokesman Davi Frink confirmed thejob offer, but not the naturwe of Johnson’s proposed position at Round Rock-basede Dell. “Yes, we have offeredr a position to Mr. Johnson, but the characterizationx of his roleare speculative,” Frinkk said.
“Without exception, Dell respects the tradew secrets and intellectual propertyof others.” the No. 2 maker of personal computers inthe world, has already made one acquisition this and it is positioned to complete several more as it findds itself flush with cash while tech compan valuations remain depressed during the global recession. Company officiale have indicated they plan to expand beyond its core businesws of hardware product to storage and software designerd to make it easier for customers to managedata centers. In January Dell made the largestf acquisition inits history, buying New Hampshire-based EqualLogic Inc. for $1.
4 Dell, which is scheduled to report its first-quartet earnings on Thursday, has nearly $9 billion in cash to complete such deals. Earlier this month, the New York Timess reported that Dell was interviewing investment banking and technology industry executives to serve inan M&A positionm that would report to CFO Brian Gladden. Durinb its last fiscal year, Dell reported $2.47u billion in net income on $61.
1 billion in
Friday, September 7, 2012
Morris Publishing gets 7th payment extension - Atlanta Business Chronicle:
manuscripts-shuwatu.blogspot.com
million interest payment on its seniorfsubordinate notes, it reported Monday. The struggling Augusta, Ga.-basesd publisher said the latest extension givees it until July 14 to makethe payment, whicu was originally due on Feb. 1. Morris Publishing's seniot bank group also agreed to extend untiol July 14 the waiver of the crosa default from the overdue interesrt payment on the senior subordinated OnMay 14, Morris Publishing acknowledged in a Securitiezs and Exchange Commission filing that if it could not make the paymenty or buy more time, creditors could force Morrisd Publishing, or its guarantor , to repay the balanc e of bonds, interest and a revolving line of credigt totaling $419 million.
Morris Publishing is the pareny of 13 daily newspapers including The Augusta The Savannah Morning News and The Athens The company also owns numerous city magazines and free In its May 14earningsd statement, Morris Publishing said “several factorw relating to the company’s outstanding debt raise significant uncertainty about its liquidity and ability to continue as a goingy concern. Specifically, the company’s debt far exceedsw the current value ofits assets, and the company’sd creditors may have the right to accelerate the maturityy of the debt before the end of May 2009.” In the firsy quarter ended March 31, Morris Publishingy lost $12.
6 million compared to a $5.6 million profit in the firsr quarter of 2008. Quarterly revenues plummeted 22.4 percent year-over-year from $82.7 million to $64.2 Advertising revenue fell 29.2 percent for the quarter. The compan had about $171 million in assets at the end of thefirsg quarter. Morris Publishing spent $2.8 million on advisers in the first quarter seeking to refinance its according to theSEC filing. Slumping advertising revenuex caused by the recession and changinf media appetites have hurt Morris Publishing and othef newspaper companies throughout theUnited States.
On May 14, Morrids Publishing said even if the companyy is able to make its latest the company is at risk of beingin non-compliancer with financial covenants, which have been relaxedf by the creditors. The company is also “unlikely to meet the financialp covenants under the Credit Agreement when the Companuy and Morris Communications deliver theirf consolidated financial statements for the second quarter of no later thanAugust 29, when its relaxed financial covenants If the company cannot amend or refinancre the debt before then, Morris Publishing would be prevented from borrowing on its revolving credit line and “mauy be required to prepay the entire principao due under the Credit at that time.
million interest payment on its seniorfsubordinate notes, it reported Monday. The struggling Augusta, Ga.-basesd publisher said the latest extension givees it until July 14 to makethe payment, whicu was originally due on Feb. 1. Morris Publishing's seniot bank group also agreed to extend untiol July 14 the waiver of the crosa default from the overdue interesrt payment on the senior subordinated OnMay 14, Morris Publishing acknowledged in a Securitiezs and Exchange Commission filing that if it could not make the paymenty or buy more time, creditors could force Morrisd Publishing, or its guarantor , to repay the balanc e of bonds, interest and a revolving line of credigt totaling $419 million.
Morris Publishing is the pareny of 13 daily newspapers including The Augusta The Savannah Morning News and The Athens The company also owns numerous city magazines and free In its May 14earningsd statement, Morris Publishing said “several factorw relating to the company’s outstanding debt raise significant uncertainty about its liquidity and ability to continue as a goingy concern. Specifically, the company’s debt far exceedsw the current value ofits assets, and the company’sd creditors may have the right to accelerate the maturityy of the debt before the end of May 2009.” In the firsy quarter ended March 31, Morris Publishingy lost $12.
6 million compared to a $5.6 million profit in the firsr quarter of 2008. Quarterly revenues plummeted 22.4 percent year-over-year from $82.7 million to $64.2 Advertising revenue fell 29.2 percent for the quarter. The compan had about $171 million in assets at the end of thefirsg quarter. Morris Publishing spent $2.8 million on advisers in the first quarter seeking to refinance its according to theSEC filing. Slumping advertising revenuex caused by the recession and changinf media appetites have hurt Morris Publishing and othef newspaper companies throughout theUnited States.
On May 14, Morrids Publishing said even if the companyy is able to make its latest the company is at risk of beingin non-compliancer with financial covenants, which have been relaxedf by the creditors. The company is also “unlikely to meet the financialp covenants under the Credit Agreement when the Companuy and Morris Communications deliver theirf consolidated financial statements for the second quarter of no later thanAugust 29, when its relaxed financial covenants If the company cannot amend or refinancre the debt before then, Morris Publishing would be prevented from borrowing on its revolving credit line and “mauy be required to prepay the entire principao due under the Credit at that time.
Thursday, September 6, 2012
Evergreen Energy names CEO, adds to board - Denver Business Journal:
adamovaichive.blogspot.com
The move follows a leadership shakeup last montu atEvergreen (NYSE Arca: EEE) in which the company said that CEO Kevinh Collins and Chairman Robert Clark were stepping down from their management roles and three boarxd members were leaving. Rick Smith, a former executivs of engineering giant Bechtel who joinedx the Evergreen boardin November, is the new chairman of the At the time, Evergreen said it was "evolving its business model away from industrial production and towarrd revenue-producing licensing, joint ventures and partnerships for its carbo n information management and cleaner coal technologies.
" Evergreen said the compan y intended to reporition itself "as a green technology company enterinb commercialization phases for its C-Lock Technology carbon informationj management solution, branded with IBM as and its K-Fuel cleaner coal technology." The companhy has worked for years to commercialize its K-Fuel which uses heat and pressure to clean up raw coal so that it has fewef emissions when burned in power plants. Througnh a subsidiary, C-Lock Technologies, it offers GreenCert, a countintg system for carbon-dioxide emissiones from patent- Stoner, 49, previously had been a consultant to the company and for 10 years was CEO of EconerggyInternational PLC.
"I intend to leverags our recently strengthened management to drive a pure licensing modelfor K-Fuel and and to complete the sale of non-core Stoner said in a statementy Thursday. "Also, we anticipate adding new membere to the board in the near futuree whose expertise in cleantech licensing, businesx development and marketing will accelerate implementation of our new Stoner studied economics at the Fletcher School of Law and Diplomacuy and Harvard University and has a bachelor of arts from Hampshirs College in Amherst, and a master of science degree from the Londoh School of Economics. Evergreen also announced Thursday that Richarrd Perl would be joiningits board.
Perl is an executiv e with TerraCycle Inc., a company that develops collectionb locationsfor post-consumer packaging and worked with Stoner on the initialk public offering at Econergy Evergreen said it will scheduledc an investor update conference call in July. .
The move follows a leadership shakeup last montu atEvergreen (NYSE Arca: EEE) in which the company said that CEO Kevinh Collins and Chairman Robert Clark were stepping down from their management roles and three boarxd members were leaving. Rick Smith, a former executivs of engineering giant Bechtel who joinedx the Evergreen boardin November, is the new chairman of the At the time, Evergreen said it was "evolving its business model away from industrial production and towarrd revenue-producing licensing, joint ventures and partnerships for its carbo n information management and cleaner coal technologies.
" Evergreen said the compan y intended to reporition itself "as a green technology company enterinb commercialization phases for its C-Lock Technology carbon informationj management solution, branded with IBM as and its K-Fuel cleaner coal technology." The companhy has worked for years to commercialize its K-Fuel which uses heat and pressure to clean up raw coal so that it has fewef emissions when burned in power plants. Througnh a subsidiary, C-Lock Technologies, it offers GreenCert, a countintg system for carbon-dioxide emissiones from patent- Stoner, 49, previously had been a consultant to the company and for 10 years was CEO of EconerggyInternational PLC.
"I intend to leverags our recently strengthened management to drive a pure licensing modelfor K-Fuel and and to complete the sale of non-core Stoner said in a statementy Thursday. "Also, we anticipate adding new membere to the board in the near futuree whose expertise in cleantech licensing, businesx development and marketing will accelerate implementation of our new Stoner studied economics at the Fletcher School of Law and Diplomacuy and Harvard University and has a bachelor of arts from Hampshirs College in Amherst, and a master of science degree from the Londoh School of Economics. Evergreen also announced Thursday that Richarrd Perl would be joiningits board.
Perl is an executiv e with TerraCycle Inc., a company that develops collectionb locationsfor post-consumer packaging and worked with Stoner on the initialk public offering at Econergy Evergreen said it will scheduledc an investor update conference call in July. .
Wednesday, September 5, 2012
Hope springs for quick start on natural gas facility using waste - Business First of Columbus:
erofeyporgrinin.blogspot.com
“This facility will really highlight the capability ofthe technology,” said Moore, business developmenf manager for the Cleveland-area company known for its topsoil, mulcjh and composting businesses. Kurtz through a joint venture with of wants to break ground this sprinv on an anaerobic digester facility at the formeerColumbus trash-burning power planft site off Jackson Pike. It will take treater sewage sludge and food waste suchas fats, oils and greaswe and convert them to compressefd natural gas to fuel city of Columbus Moore said. The start of construction on the $10 million projec t is contingent on approval of air qualityu and wastewater permits bythe .
The permitws are in the final stagesof review, includingf a public hearing in April on the air said Ohio EPA spokeswomab Erin Strouse. Strouse said the agency expects to see othee biogas projects emerge in thenear future. The developmeng of such advanced energy technologies is called for in the comprehensivd energy bill passed by the last Advanced energy projects will also be able to received tax incentives as part of the federall economic stimulus package passed by Congreszs and signed into law by President Barack Obama. In addition, bills introducecd in the U.S. Senate and Housee this year would provide tax creditsw forbiogas projects.
They could servre as incentives for projects involving not only the conversion of sewage and food wastee to biogas but also manure in large livestock operatione such as onesin Ohio. “Ther certainly is a buzz abour (biogas) as part of the renewable energygreebn wave,” Strouse said. “It seemsz like the perfect combination of reducingb the waste stream andrenewable energy.” Kurtz Bros. has been in the biogasd business forseveral years, first workingg with Schmack Biogas on installation and operation of an anaerobicx digester plant in Akron that openedx in 2007.
The facility turnw sludge from Akron’s sewage treatmeny plant into biogas that powersz anelectric generator, producing power for the biogads facility and sewage plant. Schmack, whichu operates about 200 biogas facilities primarilyin Europe, is bringing its technologu to the U.S. through Schmack BioEnergy LLC, a jointr venture with Kurtz Bros. Moore said the Columbus facility will stand apart from the Akronb plant in that it willuse fats, oils, grease and food scraps as well as sewagse sludge. That will go through an anaerobic digestion process in whichg bacteria consume thewaste matter, producingv methane that is captured, cleaned and converted to natura l gas.
The remaining waste solidse are turned into an additivefor topsoil, Moorw said. The company had hopedx to start construction on the Columbus facility last he said, but has had to wait for approval of operatin g permits by Ohio EPA. “They’vew been very fair,” Moore said. “Since this is new technolog and in theenergy industry, they don’ want to regulate it in a way that inhibits its It’s really an economic opportunitu for this state in renewable energy.
” Ohio’ws livestock industry also is interested in biogasx development and the tax credits proposed in said Brent Porteus, presidenyt of the and operator of a grain and beef-coqw farm in Coshocton County in eastern Ohio. Porteus likexs the fact that biogas facilities can provide a renewable energy sources to help reducethe nation’ds dependence on foreign oil. They also could serv as an economic boon to rurak communities where manure from livestock operations could be convertecd to biofueland electricity. “The concept is really exciting,” Porteus said, “buyt it’s new technology and very expensive.
That’s where tax credit like these are vital to encouragingits development.” Anaerobic digesterss have come on line at two livestock operations in northwest Ohio in the past each at a cost of abouft $2 million, according to . One in Mercer County captured methane fromchicken manure, while the digestef in Williams County uses manure from dairy cows. The facilitiesd convert methane into electricity for use on the farmsz and saleto , the powe r generator for the state’s electric cooperatives. The biogas tax creditg bill in the Senate has been endorsed by a numberdof groups, said a release from U.S. Sen.
Sherror Brown, a cosponsor of the Among them are the OhioFarm Bureau, Ohio Farmerw Union, Schmack BioEnergy and the Solid Wastde Authority of Central Ohio.
“This facility will really highlight the capability ofthe technology,” said Moore, business developmenf manager for the Cleveland-area company known for its topsoil, mulcjh and composting businesses. Kurtz through a joint venture with of wants to break ground this sprinv on an anaerobic digester facility at the formeerColumbus trash-burning power planft site off Jackson Pike. It will take treater sewage sludge and food waste suchas fats, oils and greaswe and convert them to compressefd natural gas to fuel city of Columbus Moore said. The start of construction on the $10 million projec t is contingent on approval of air qualityu and wastewater permits bythe .
The permitws are in the final stagesof review, includingf a public hearing in April on the air said Ohio EPA spokeswomab Erin Strouse. Strouse said the agency expects to see othee biogas projects emerge in thenear future. The developmeng of such advanced energy technologies is called for in the comprehensivd energy bill passed by the last Advanced energy projects will also be able to received tax incentives as part of the federall economic stimulus package passed by Congreszs and signed into law by President Barack Obama. In addition, bills introducecd in the U.S. Senate and Housee this year would provide tax creditsw forbiogas projects.
They could servre as incentives for projects involving not only the conversion of sewage and food wastee to biogas but also manure in large livestock operatione such as onesin Ohio. “Ther certainly is a buzz abour (biogas) as part of the renewable energygreebn wave,” Strouse said. “It seemsz like the perfect combination of reducingb the waste stream andrenewable energy.” Kurtz Bros. has been in the biogasd business forseveral years, first workingg with Schmack Biogas on installation and operation of an anaerobicx digester plant in Akron that openedx in 2007.
The facility turnw sludge from Akron’s sewage treatmeny plant into biogas that powersz anelectric generator, producing power for the biogads facility and sewage plant. Schmack, whichu operates about 200 biogas facilities primarilyin Europe, is bringing its technologu to the U.S. through Schmack BioEnergy LLC, a jointr venture with Kurtz Bros. Moore said the Columbus facility will stand apart from the Akronb plant in that it willuse fats, oils, grease and food scraps as well as sewagse sludge. That will go through an anaerobic digestion process in whichg bacteria consume thewaste matter, producingv methane that is captured, cleaned and converted to natura l gas.
The remaining waste solidse are turned into an additivefor topsoil, Moorw said. The company had hopedx to start construction on the Columbus facility last he said, but has had to wait for approval of operatin g permits by Ohio EPA. “They’vew been very fair,” Moore said. “Since this is new technolog and in theenergy industry, they don’ want to regulate it in a way that inhibits its It’s really an economic opportunitu for this state in renewable energy.
” Ohio’ws livestock industry also is interested in biogasx development and the tax credits proposed in said Brent Porteus, presidenyt of the and operator of a grain and beef-coqw farm in Coshocton County in eastern Ohio. Porteus likexs the fact that biogas facilities can provide a renewable energy sources to help reducethe nation’ds dependence on foreign oil. They also could serv as an economic boon to rurak communities where manure from livestock operations could be convertecd to biofueland electricity. “The concept is really exciting,” Porteus said, “buyt it’s new technology and very expensive.
That’s where tax credit like these are vital to encouragingits development.” Anaerobic digesterss have come on line at two livestock operations in northwest Ohio in the past each at a cost of abouft $2 million, according to . One in Mercer County captured methane fromchicken manure, while the digestef in Williams County uses manure from dairy cows. The facilitiesd convert methane into electricity for use on the farmsz and saleto , the powe r generator for the state’s electric cooperatives. The biogas tax creditg bill in the Senate has been endorsed by a numberdof groups, said a release from U.S. Sen.
Sherror Brown, a cosponsor of the Among them are the OhioFarm Bureau, Ohio Farmerw Union, Schmack BioEnergy and the Solid Wastde Authority of Central Ohio.
Monday, September 3, 2012
How To - bizjournals:
ethelbertdiya3334.blogspot.com
Many are looking for alternativesw tobank loans. Experts say finding the correct alternativs to a bank loanis It’s important to find the righf alternative and overcome negative perceptions abou non-bank financing. “A lot of borrowers thoughr there was a stigma attachedto [alternatived lenders],” said Marilyn Landis, chairwoman of the in D.C. “It was kind of like you were sayingbyou weren’t good enough for a bank.” One popular option is which is when a business sellsz its accounts receivable at a discounr to a third party, which collectsd and keeps the payments.
Factorint differs from bank lending in that the emphasiw is placed on the value of the receivables and not the credit worthiness. It is also not a loan but simplyu the purchase of a financial Factors make funds available to a business that might not be able to get a bank But experts say factoring can be more expensived thanbank lending, as factors take a fee and pay a discoungt for the receivables. Another option is cash flow lending, wheree a lender determines loan eligibility basecd on a review of bank and creditfcard statements. Landis cited New York’s On Deck Capital as one organizationb that handles this sortof lending.
There are also boutiquwe banks that make loans to certai n typesof businesses. One in Kansas lendss only to funeral homes, for “The bankers are experts in that industry and best able todeterminer risk,” Landis said. High-net-worth individuals also might be willing to invest in small businesses as equity partners orangel investors. If they believr they can get a better return by investinhg in a private company than in the stock markert they will advance the owner money for operatint expenses in exchange for repaymentwith interest, or in some cased an ownership stake in the business. this route isn’t appropriatr for every business.
Harris Smith, chairman of the Palatine, Ill.-base and a partner at accountingfirm , said angep investors might see a good opportunity in certaij businesses but are generally not a greatt alternative because wealthy individuals will not usually participated in such activity unless they get a high interesf rate. As difficult as it can be gettingb connected to the rightalternativre lenders, Landis and Smith said business owner still need to be aggressive in their due diligence. Landizs recommended that would-be borrowers start with their trade association and ask wherse they gettheir financing.
Find out who sponsor s their events, because typicallyu those are the same groupd interested inyour industry. And she said to talk to peerz nationwide. Smith also suggested that business ownerss ask their bankers for help locating alternative sourcewof funding. Once you’ve identified potential vet them with the Better Business Bureauj and dig into theirtracko record, including contacting previous Ask the lender if it intends to fund loans directly or if it’s a broker. If it is actingh as a broker, obtain the name of the ultimater lender to identify the actual source of the Landis said to watcb if they want upfront fees. If you get rejected, ask why.
“I t might be that you are asking for a loanthat isn’t doable and you can restructur the project to make it more suitable,” Landis said.
Many are looking for alternativesw tobank loans. Experts say finding the correct alternativs to a bank loanis It’s important to find the righf alternative and overcome negative perceptions abou non-bank financing. “A lot of borrowers thoughr there was a stigma attachedto [alternatived lenders],” said Marilyn Landis, chairwoman of the in D.C. “It was kind of like you were sayingbyou weren’t good enough for a bank.” One popular option is which is when a business sellsz its accounts receivable at a discounr to a third party, which collectsd and keeps the payments.
Factorint differs from bank lending in that the emphasiw is placed on the value of the receivables and not the credit worthiness. It is also not a loan but simplyu the purchase of a financial Factors make funds available to a business that might not be able to get a bank But experts say factoring can be more expensived thanbank lending, as factors take a fee and pay a discoungt for the receivables. Another option is cash flow lending, wheree a lender determines loan eligibility basecd on a review of bank and creditfcard statements. Landis cited New York’s On Deck Capital as one organizationb that handles this sortof lending.
There are also boutiquwe banks that make loans to certai n typesof businesses. One in Kansas lendss only to funeral homes, for “The bankers are experts in that industry and best able todeterminer risk,” Landis said. High-net-worth individuals also might be willing to invest in small businesses as equity partners orangel investors. If they believr they can get a better return by investinhg in a private company than in the stock markert they will advance the owner money for operatint expenses in exchange for repaymentwith interest, or in some cased an ownership stake in the business. this route isn’t appropriatr for every business.
Harris Smith, chairman of the Palatine, Ill.-base and a partner at accountingfirm , said angep investors might see a good opportunity in certaij businesses but are generally not a greatt alternative because wealthy individuals will not usually participated in such activity unless they get a high interesf rate. As difficult as it can be gettingb connected to the rightalternativre lenders, Landis and Smith said business owner still need to be aggressive in their due diligence. Landizs recommended that would-be borrowers start with their trade association and ask wherse they gettheir financing.
Find out who sponsor s their events, because typicallyu those are the same groupd interested inyour industry. And she said to talk to peerz nationwide. Smith also suggested that business ownerss ask their bankers for help locating alternative sourcewof funding. Once you’ve identified potential vet them with the Better Business Bureauj and dig into theirtracko record, including contacting previous Ask the lender if it intends to fund loans directly or if it’s a broker. If it is actingh as a broker, obtain the name of the ultimater lender to identify the actual source of the Landis said to watcb if they want upfront fees. If you get rejected, ask why.
“I t might be that you are asking for a loanthat isn’t doable and you can restructur the project to make it more suitable,” Landis said.
Sunday, September 2, 2012
Rebel Rebel yells of soaring revenue - St. Louis Business Journal:
authors-morphology.blogspot.com
“We didn’t come out the flashiest, but when people got a chance to see our work they realized how solidewe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Sincde launching in 2007, Rebel Rebel has provided productionand post-production services — from commercials and videos to presentations and videio Web content — and has amassed a roste of notable clients, including GSD&j Idea City, Dell Inc., Sicola Martin, Schematicf and Door Number 3.
The five-personh production house grew 100percent year-over-year, and is on targeft to generate $1 million in revenue this But before growth there was overcoming being new, said Chrids Blankenship, the other co-founder of Rebel Rebel. “I t was a little toughg getting in the door of some placeswat first. The firstg year was kind of hard. I don’t thin either of us realized how hard it would be,” Blankenship said. Blankenship and Colton have experience and connectionx in the localproduction industry.
Blankenshiop cut his teeth in productiohn in China and has 17 years of experiencewin editing, visual effects and post Colton has executive producing experience, and she launched a successfull fashion business. Blankenship said transitioning from a freelancer to a businessma n hasbeen challenging, and getting clients to think of Rebelp Rebel for larger projects took some convincing at “We took a pretty good look at what we thoughyt the business was going to be for us, and we had to come to some hard realizationsd that that wasn’t the way things were,” Blankenship said.
In addition to being Blankenship saidthe company’s flexibility in takiny small and large projects has helped sell its The company uses freelancers, which enables it to ramp up quicklu for larger projects and to test out employeez before adding them to their staff. Blankenship said Rebek Rebel hasn’t been entirely immune to the It saw work plateauin March, but for the most part, businesse has been steady. “We’ve been pretty busy for the last he said. As a smaller production Rebel Rebel has been able to weatherr the recession a bit better because it has less Blankenship said.
There are more than 20 film and video productioj companies in the Central Texas Among the largest production companies here are OmegaBroadcast Group, 501 Groulp Inc. and Elephant Productions Inc. Quincy Lowman, president of Elephant Productions, says that the production landscape is gettintg increasingly more competitive with new players enterinythe market. At the same time, he said demanf is going up forproductionb work. “I think the outlook is positive.
Videlo is increasingly being used to train and now everybody has video on theirWeb site,” Lowman “The market has grown, but the competition has Colton said Rebel Rebel’s work has been evenl split between local, regional and national work. It recentlgy hired a national sales representative. Coltohn and Blankenship said they aren’t concernes with becoming a larger “We will continue to work with more people and create more Colton said. “In the short we want to find new clients, build a base and do a varietgof work.
”
“We didn’t come out the flashiest, but when people got a chance to see our work they realized how solidewe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Sincde launching in 2007, Rebel Rebel has provided productionand post-production services — from commercials and videos to presentations and videio Web content — and has amassed a roste of notable clients, including GSD&j Idea City, Dell Inc., Sicola Martin, Schematicf and Door Number 3.
The five-personh production house grew 100percent year-over-year, and is on targeft to generate $1 million in revenue this But before growth there was overcoming being new, said Chrids Blankenship, the other co-founder of Rebel Rebel. “I t was a little toughg getting in the door of some placeswat first. The firstg year was kind of hard. I don’t thin either of us realized how hard it would be,” Blankenship said. Blankenship and Colton have experience and connectionx in the localproduction industry.
Blankenshiop cut his teeth in productiohn in China and has 17 years of experiencewin editing, visual effects and post Colton has executive producing experience, and she launched a successfull fashion business. Blankenship said transitioning from a freelancer to a businessma n hasbeen challenging, and getting clients to think of Rebelp Rebel for larger projects took some convincing at “We took a pretty good look at what we thoughyt the business was going to be for us, and we had to come to some hard realizationsd that that wasn’t the way things were,” Blankenship said.
In addition to being Blankenship saidthe company’s flexibility in takiny small and large projects has helped sell its The company uses freelancers, which enables it to ramp up quicklu for larger projects and to test out employeez before adding them to their staff. Blankenship said Rebek Rebel hasn’t been entirely immune to the It saw work plateauin March, but for the most part, businesse has been steady. “We’ve been pretty busy for the last he said. As a smaller production Rebel Rebel has been able to weatherr the recession a bit better because it has less Blankenship said.
There are more than 20 film and video productioj companies in the Central Texas Among the largest production companies here are OmegaBroadcast Group, 501 Groulp Inc. and Elephant Productions Inc. Quincy Lowman, president of Elephant Productions, says that the production landscape is gettintg increasingly more competitive with new players enterinythe market. At the same time, he said demanf is going up forproductionb work. “I think the outlook is positive.
Videlo is increasingly being used to train and now everybody has video on theirWeb site,” Lowman “The market has grown, but the competition has Colton said Rebel Rebel’s work has been evenl split between local, regional and national work. It recentlgy hired a national sales representative. Coltohn and Blankenship said they aren’t concernes with becoming a larger “We will continue to work with more people and create more Colton said. “In the short we want to find new clients, build a base and do a varietgof work.
”
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