Tribune confirmation trial now set for second week Chicago Daily Herald By Bloomberg News Tribune Co.'s contested confirmation hearing can now drone on for two weeks, the bankruptcy judge told the contending plan proponents at a Feb. 25 hearing. Tribune, the official creditors' committee and senior lenders Oaktree Capital ... |
Monday, February 28, 2011
Tribune confirmation trial now set for second week - Chicago Daily Herald
Friday, February 25, 2011
No Taxation On My Syrupy Sweet Carbonation - The Consumerist
ThirdAge | No Taxation On My Syrupy Sweet Carbonation The Consumerist So annoying when syrupy sweet Large Sips cost more because they might make you fat! In Colorado, soda lovers are trying to repeal a tax on soft drinks. In March 2010, a 2.9 percent tax on sodas and ... House panel passes bill to restore tax exemption on soda |
Wednesday, February 23, 2011
EGPI Firecreek, Inc. Completes Acquisition of $2.5 Million Dollar Oil and Gas ... - Business Wire (press release)
EGPI Firecreek, Inc. Completes Acquisition of $2.5 Million Dollar Oil and Gas ... Business Wire (press release) Under the terms of the agreement, which shall be effective March 1, 2011, the Company through its wholly owned subsidiary Energy Producers, Inc. will acquire a majority 75% Working Interest and 56.25% corresponding Net Revenue Interest in the North 40 ... |
Sunday, February 20, 2011
New Boston Fairmont rolls out 'gold' plan - Boston Business Journal:
The hotel opened in December. A Fairmont spokeswomanj said with the addition of FairmontGold program, the hote opening is complete and all of the hotel’s planned services are in place. “It’z the final piece of the opening,” said Suzanne a spokeswoman for the The service, called Fairmont Gold, caters to “the needs of the most discerning corporate or leisure guests, with the highest levelo of personalized service,” according to a Fairmonty press release. Fairmont Gold includes concierged service, private registration and use ofthe “exclusivew Gold Lounge.
” Lounge privileges come with complimentary continentall breakfast, evening hors d’ free coffee and tea all day and an bar which allows guestds to pay for drinks on an honod system. Concierge staff will make dinner reservationsw or arrange business There is also a business center and free wirelesswInternet access. Fairmont Gold is a servicw that’s available in a separate building that contains 40 ofthe hotel’sd 150 rooms. The Fairmont Gold service is also offered at The Fairmont Copley Plaza in Bostojn and other selectFairmont hotels.
Friday, February 18, 2011
Tax credit-fueled filming puts region in spotlight - Philadelphia Business Journal:
This year, director M. Night Shyamalan, who grew up and liveds in thePhiladelphia suburbs, is filming “The Last Airbender,” starring Dev Patel, the lead actor from “Slumdog Millionaire.” It is the first in the “Avatar” trilogy, which has a reportefd budget of $250 million. Part of the filming has been in a studi o in the Philadelphia Navy Yard outfittesd by at a costof $2 Scenes that are supposed to be Vietnak were shot at a hilltop pagods in Reading, Berks County, an hour west of Actors Jamie Foxx and Gerard Butler will appeat in another film being shot in and around Philadelphia, “Law Abiding Citizen,” a courtroom Locations for filming ranged from City Hall to the defuncr Broadmeadows prison in suburban Thorton.
This filming will start on “How Do You starring Reese Witherspoon, Jack Nicholson, Paul Rudd and Owen
Tuesday, February 15, 2011
Developing in suburbia is Taylor & Mathis'plan - Atlanta Business Chronicle:
"A lot of people say that the proble m is thesuburban sprawl. But if we buildx office parks closer to wherepeople live, then we are, in helping solve the problek because people do not have to drive as far to Taylor said. "When you have 200 peoplse working in an office who only drivr for 20 minutes instead oftwo you're definitely helping the air quality," he said. And the presidenf of Taylor & Mathis is helpinf out personally. "I live in Buckheadd and drive to our headquarters at Cobb so I'm going against the flow of traffic. It only takeas me about 20 minutes to get tothe office.
" Taylo r & Mathis relocated its main offices to TownPark last April after years in Buckhead. That is only one of the many changezs that have occurred at the company since Taylofr became presidentin 1995. His father, Mack, co-founded the company, one of the oldesy and most respected commercial building and managemenrt firmsin Atlanta, in 1969 with the late Harvey The elder Taylor retired in 1995. Taylot & Mathis has always been on the cutting edge of commercialo buildingin Atlanta. location was farm propertyt when it was firs purchased about 30years ago.
Almosty unnoticed was the firm's purchase of land 12 miles northh of the Interstate 285 perimete in Cobb County inthe mid-1970s. That is now the site of the Town Centetr at Cobb mall and surroundinggcommercial development, including TownParlk Commons, slated for July completion as the last of four buildingse at the developer's 243-acre TownPark office complex on Chastain Road between Interstate-74 and I-575. "The Perimeted Center was on the edge of the expanding development in The TownPark land was a real speculative purchaswe that took 10 years for the growtg to reach it so it could be Taylor said.
"We feel that with TownPark we had the10 o'clockl position on the map covered, but we didn't have anything at noon or 2 Taylor said. "We didn't have anything on the Georgiza 400 corridor orthe I-85 area in Gwinnetf County. But we are developing the Georgia 400 Centeer property with MetLife and the Sugarloafv Corporate Centerfor ourselves." A six-story, 135,000-square-foot office building will be completeds by September as the first phase of Georgiwa 400 Center. Sugarloaf Corporate Center is a 62-acre officde park at I-85 and Sugarloat Parkway, whose 90,000-square-foot initial building will open earlyuthis month.
Taylor & Mathis takes the higher-endc residential building trail and follows with commercial developments inthe area. "Wes definitely look at high-growth areas," Taylore said. "Because quality of life issued areso important, and commuting is a big part of the decision-makers for companies might live in thosed areas and want to have their corporates location nearby. They may be movin g from the Buckhead or the Platinum Triangle area to an area such as the Georgiq400 Center. By locatingt the company in that location, the workers can live closer," he "There are changes that have to be made in howAtlantanas think.
Carpooling is goin g to have to be part ofthe solution. Clean air standards are going to mandate how we live andhow we, as a continue to develop areas," he Taylor sees continued growth to the north in Cherokee, Forsyth and Gwinnettr counties. He also sees a resurgence south of the city with residentialk growth alongthe I-85 corridor towarde Peachtree City and commerciall development down I-75 into Henry County because of the increasing distribution centers therd that serve business to Florida. Taylo r & Mathis has three areas under Taylor said.
In Cobb the company is working ona 50-acree development project and has completed a 131,000-square-foot parts distributiobn center for American Suzuki Motorcycle Co. It will complete a 260,000-square-footr distribution center this summer in Buford and has a mastetr planfor 640,000 square feet of freighrt and office space at Southwoods on Old Dixir Highway, plus a 182,000-square-foot facility under constructiomn in the same area. And the developmentf is not restrictedto Atlanta. The firm has satellitee officesin Birmingham, Ala., Miami, Orlando, and Tampa, Fla., and N.C., with a totapl of 270 employees.
Taylor has been on the Atlanta developmenrt scene for many years and has seen the good times and theslow "These things go in cycles," he said. "Iyt was very slow in the early 1980s and then stopped again in 1990 and but then kicked backinto action. "The musidc will stop again," he said. "It's not if it will just when." But Taylor said that Taylodr & Mathis is poised to keep running smoothly. "Thee core of our business has becomes management and leasing for third suchas MetLife, our longtime partnee in developing areas such as Perimeter Centee and our new Georgia 400 We currently have about 9.
3 million squares feet of office and commercial space underd our management. "When the current cycle ends, we'l still have something to do," he said.
Sunday, February 13, 2011
GOP budget point man attacks Obama's spending plan - MarketWatch
Boston Globe | GOP budget point man attacks Obama's spending plan MarketWatch Paul Ryan, the House Republicans' point man on the federal budget, vowed a fight over the spending proposal that President Barack Obama will release on ... Obama's Budget Seeks Deep Cuts in Domestic Spending |
Thursday, February 10, 2011
Cold silence as rival COPE 'leaders' sit side by side - Business Day
Independent Online | Cold silence as rival COPE 'leaders' sit side by side Business Day THE feuding "presidents" of the Congress of the People (COPE), Mosiuoa Lekota and Mbhazima Shilowa , provided a sideshow in Parliament yesterday as their ... Cope rivals prompt giggles in Parliament Cope rivals cause giggles No COPE showdown at opening: Lekota |
Tuesday, February 8, 2011
Hawaiian Telcom opposes buyout offer - Washington Business Journal:
Sandwich Isles filed a motion earlier this month to submitg a competing Chapter 11 reorganization plan for Hawaiian In it, the Honolulu-based company offered to buy Hawaiianj Telcom’s assets using $250 millioj in cash and $150 million in debt that would be issuedc by Hawaiian Telcom. Until June 30, Hawaiiahn Telcom has so-called in filing a reorganization plan. The company wants to extend that exclusivityto Sept. 30 as it gets voteds on a proposed plan it filexdJune 3. Sandwich Islesw has filed an objection to that andHawaiian Telcom’s latest filingy defends the request.
“Askinyg the court for help in promotinya low-ball offer for Hawaiian Telcom’s businesses is not a recipe for successw in bankruptcy proceedings,” Hawaiianm Telcom said in the Sandwich Isles, a company founder in 1995 to take advantage of governmen t subsidies that pay for the installation of broadband cablse in rural areas, had said in its motion that Hawaiian Telco refused to consider its offer. But, Hawaiian Telcom says it analyzef and rejected the offerin May, for eighf reasons listed in the filing.
It citef Sandwich Isles’ lack of committed lack of federal and state licenses to operate inurbam areas, and lack of experience and ability to operatew a full-service communications company. Hawaiiaj Telcom said it stands behinc its proposed reorganization plan to reducethe company’s debt by nearly $790 from $1.1 billion to $300 million. Sandwicu Isles’ motion also claims Hawaiianm Telcom has notmade good-faith progress in its bankruptcu case since filing for Chapter 11 protection in In defending that claim, Hawaiian Telcom’z chief operating officer Kevin Nystrom said the company has contacted “dozens of strategicd and financial purchasers.
” The company said it pursued a potential whom it did not identify, but that after two months of talks no offer was Nystrom said Hawaiian Telcom also asked its “equitgy sponsor” -- its majority owner, of Washington, D.C. -- abou a standalone reorganization and also discusse standalone restructuring options with its bondholderx andsecured lenders.
Saturday, February 5, 2011
Big plans at Moffett Field - Silicon Valley / San Jose Business Journal:
The University of California, Santa Cruz and the Foothill-D e Anza Community College District are the driving forces behindthe $1 billiobn project. The schools have formed a nonprofit organizatiom called UniversityAssociates — Silicon Valleyu LLC and have signed a 99-year land lease with the National Aeronautics and Space Administration at an undisclosed price. It’s envisionedc as a “sustainable” project that will be poweredx largely by solar andwind technology, dramaticallg reduce water use and minimize drivingt among students, workers and residents.
The 75-acre, multiple-use project will include academic classroomsand laboratories, and light-industrial spaced for cleantech firms. The campus is planned for a portio n of the NASA Researchg Park on the former Moffett Fields Naval Air Station nearMountain View. It’s situated just north of U.S. Highway 101, adjaceng to the park’s Shenandoah Plaza historid districtand soon-to-be-restored Hangar One, and it coul d be ready for occupancy as early as 2014.
It will be an “integrates community featuring state-of-the-art researcb and teaching laboratories, shared classrooms, housing, accommodations for industrial partners, and modern infrastructure,” according to UC Santaa Cruz officials. Santa Clara University and Carnegier Mellon University of Pittsburgh are expected to join the partnership in the near All four of the current and anticipaterd University Associates participants now have small cooperative educationalk programs at NASA In addition, UC Santw Cruz Chancellor George Blumenthal indicate a unnamed California State University campud is in negotiation to join the Although the universities will fund the initial planning and desigbn of the project, constructionn will be paid for with private financing through a yet-to-be-chosem “master developer” that will seek capital according to University Associates.
UC Santa Cruz officials said thecentef site, now a combination of open land and old will need about $100 millio n of infrastructure improvements. “There is reall nothing that comes closw tothis ‘meta-university’ said Steven Zornetzer, associate center director of NASA Ames Research Center at Moffett “It will be a very sophisticated center of learning, from community college to post-doctorao education. It will serve as a pipeline for future employees not onlyfor NASA, but for all of Silicom Valley.
” Zornetzer said the average age of the 3,000 employeexs and contract workers who presently work at NASA Ames Research Center, which conducts aeronautical, life science, space science and technolog y research, is 50. “We have a lot of employeez moving closer toretirement age, so havinb a pipeline to young talent is very important for he said. Blumenthal said the centert will cementhis school’s status as the “UC of Siliconb Valley.
” “We already have a number of programs therr (at NASA Ames Researcgh Park), but this project associates us with very importanrt partners, including our sister universities, whicg allows us to do thingsw we wouldn’t be able to do otherwise,” Blumenthal said. Blumenthal said he envisionss doctoraland master’s degres programs being offered by UC Santa Cruz at the futur campus, as well as development of a new school of management.
Martha chancellor of the Foothill-De Anza district, said the projectt gives the educational institutions an opportunit to work together in new Blumenthal said in the current climatw of recession and chronic statebudget cuts, universities must rely on privater funding to pay for such major development James Morris, dean of Carnegie Mellon’es Silicon Valley Campus at NASA Ames, said this is an opportunitty to double the school’s current student capacitu from 150 to 300. “We are already attracting people from throughout the world who have heard of Carnegie Mellon andSilicon Valley, but a greatly expanded program will be that much more he said.
Morris said his university’xs existing local campus appeals to prospectives students who realize they can combine a Carnegie Mellon education and a SiliconVallehy setting. “People are attractex to the better weather and closr proximity to the hightech industry,” he Santa Clara University is also involvedf with the four-school project, but administratorsz declined comment, saying it is “too earlyg in the process.” The proposed project must now go throughn the design process and be judged in compliance with provision of the California Environmental Quality Act.
Because the project is located onfederal land, ultimate approval rests with NASA Ellis Berns, Mountain View community development director, said his city’ds officials have reviewed the early stages of the project but will have no official role in its plannint process. “It sounds like a terrifi c use forthe property, and it’sw wonderful to see the universities collaborating on Berns said. UC Santa Cruz’ s Blumenthal would agree. “Our visionh is to seed innovation, entrepreneurship and sustainabilituy through the creative reuse of an importan t public asset forregional benefit,” he said.
“W aim to establish world-class programs and facilities dedicater to preparing the work force of the future and to conductingb research at the forefront of scienceand
Thursday, February 3, 2011
Clarcor's Q2 earnings drop more than 30% - Puget Sound Business Journal (Seattle):
percent in the second quarter, compared to the same period ayear ago. Franklin-basef Clarcor (NYSE: CLC) reported incomse of $25,582, or $0.50 cents per diluted share, in the quarte r ended May 30, compared to $40,783, or $0.890 cents per diluted share, in the year-ago period. Revenuee came in at $229,394 for the quarter, down 14.1 percent from the previoues year’s quarter, when revenue came in at $267,137. on average, estimated earnings of 38 cents per shared on revenueof $243.1 million, according to Reuteres Estimates.
“As we had expected, this year’ws second quarter was though operating results were much stronger than in our firstfiscapl quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, have stabilized, and we are beginninhg to see indications of increased productf demand in selected markets.” Clarcort makes mobile, industrial and environmental filtration products and consumert and industrial packaging products sold to domestic and international Johnson notes that more than 80 percent of its filterr sales are generated from the replacement filtefr aftermarket, so even if new building and equipment continues to falter, maintenance of existing equipment and facilities will Shares of Clarcor closed up $1.
08, or 3.66 percentg to $30.57 at the bell The 52-week range is $23.05 to $44.13.