ocybakenos.wordpress.com
As part of the J.G. Wentworth’s parent, private equity firm of New York, will invesgt $100 million of new equity to support ongoing It will also provide as muchas $35 million for the companyh to buy loans from lenders in exchange for new preferree interests in the company. The Bryn Mawr, Pa.-based companyy sought acceptance of its plan from its lendersx before what is called a prepackaged More than 90 percentt of the termlenders approved, the company J.G.
Wentworth said its decision to file for Chapteer 11 came after an extensive reviee of alternatives to address pressuresfrom “extremely challenging capita l markets and high borrowing costs”, and was unanimously approved by the company’x board of directors. In December, J.G. Wentwortuh laid off 120 of its 200 employees and closedf its LasVegas office. Founded in it moved from Philadelphia to Bryn Mawrin 2003.
Tuesday, November 29, 2011
Sunday, November 27, 2011
Lockheed-Starwood solar plant construction will create many jobs - Sacramento Business Journal:
asafevboriegum.blogspot.com
Last week’s announcement that and Global LLC were collaborating ona 290-megawattt facility about 75 miles west of Phoenix means Arizona contractorzs will get some of the work, said Chri Myers, Lockheed Martin’s vice president for energy The companies still are evaluating subcontractors for the propose $1.5 billion power plant, dubbed Starwood Solarf I. Some work, such as creatinf the mirrored troughs that will focudthe sun’s energy, typically is done by specialized companies, Myers said, but there will be plentt more. “We’re going to do a lot of the work here in he said.
Steel manufacturing and other industriee could benefit from an increased Arizona focua onsolar construction. Starwood and Lockheed Martij estimate 1,000 jobs will be createdr as a result of the and anadditional 6,000 coulcd result from supplier The companies plan to hold recruitmenyt events this summer to inform locaol companies about the opportunities, Myers said. In the the company is using a newlyt launchedWeb site, www.starwoodsolar.com, to distribute information and tell businesses how they can get involves with the project.
The construction also will requir e infrastructure upgrades at transmission facilitiex to tie inwith Starwood’s Included in those upgrades will be work at Arizona Publiv Service Co.’s Delaney substation, which Starwood will fund up APS, which has agreed to purchase power from the solar has funds earmarked in its 2012 budgegt for expanding the Delaney substation. “To bring in something that large, there are going to have to be saidStephen Zaminski, Starwood’s executive vice president and managing Starwood operates about 40 othetr power plants and owns all or part of severalp transmission routes through five states.
It begaj its partnership with Lockheedf about 18 months ago as both looked for a site fora utility-scale Starwood runs its solarr operations via subsidiary Nautilus Solar LLC, whichn has done several large commercial-scale but nothing as big as what the two are attempting in the Harquahala Valley. The two companies believe theirf combined relationships with financial institutions will help them overcome the financingg hurdles that have stalled several othersolar projects.
Some major project announcements of the past few yeare have been delayed because companiee that signeddeals couldn’t take the next step toward developinfg a commercial product, said Madison Grose, vice chairman and seniodr managing director for Starwood. “Thes folks who take it to commercialization have torealizse there’s a different skill set needed to take it to the next he said. Another hurdle is getting financiakl institutions and utilities comfortable enoug with the solar concept that they view it the same way as traditionaopower plants, Grose said.
The companies are planning to spendr the summer conducting public meetingsw on the project with submissions to the ArizonqaCorporation Commission, which must approve the powere purchase deal by this fall, said Brad Nordholm, CEO and managingh director of Starwood. The companty hopes to get its building permits and ACC approvals settledby mid-2010, get its financing in place and move forwardr with construction by the latterr half of that year, Nordholm
Last week’s announcement that and Global LLC were collaborating ona 290-megawattt facility about 75 miles west of Phoenix means Arizona contractorzs will get some of the work, said Chri Myers, Lockheed Martin’s vice president for energy The companies still are evaluating subcontractors for the propose $1.5 billion power plant, dubbed Starwood Solarf I. Some work, such as creatinf the mirrored troughs that will focudthe sun’s energy, typically is done by specialized companies, Myers said, but there will be plentt more. “We’re going to do a lot of the work here in he said.
Steel manufacturing and other industriee could benefit from an increased Arizona focua onsolar construction. Starwood and Lockheed Martij estimate 1,000 jobs will be createdr as a result of the and anadditional 6,000 coulcd result from supplier The companies plan to hold recruitmenyt events this summer to inform locaol companies about the opportunities, Myers said. In the the company is using a newlyt launchedWeb site, www.starwoodsolar.com, to distribute information and tell businesses how they can get involves with the project.
The construction also will requir e infrastructure upgrades at transmission facilitiex to tie inwith Starwood’s Included in those upgrades will be work at Arizona Publiv Service Co.’s Delaney substation, which Starwood will fund up APS, which has agreed to purchase power from the solar has funds earmarked in its 2012 budgegt for expanding the Delaney substation. “To bring in something that large, there are going to have to be saidStephen Zaminski, Starwood’s executive vice president and managing Starwood operates about 40 othetr power plants and owns all or part of severalp transmission routes through five states.
It begaj its partnership with Lockheedf about 18 months ago as both looked for a site fora utility-scale Starwood runs its solarr operations via subsidiary Nautilus Solar LLC, whichn has done several large commercial-scale but nothing as big as what the two are attempting in the Harquahala Valley. The two companies believe theirf combined relationships with financial institutions will help them overcome the financingg hurdles that have stalled several othersolar projects.
Some major project announcements of the past few yeare have been delayed because companiee that signeddeals couldn’t take the next step toward developinfg a commercial product, said Madison Grose, vice chairman and seniodr managing director for Starwood. “Thes folks who take it to commercialization have torealizse there’s a different skill set needed to take it to the next he said. Another hurdle is getting financiakl institutions and utilities comfortable enoug with the solar concept that they view it the same way as traditionaopower plants, Grose said.
The companies are planning to spendr the summer conducting public meetingsw on the project with submissions to the ArizonqaCorporation Commission, which must approve the powere purchase deal by this fall, said Brad Nordholm, CEO and managingh director of Starwood. The companty hopes to get its building permits and ACC approvals settledby mid-2010, get its financing in place and move forwardr with construction by the latterr half of that year, Nordholm
Friday, November 25, 2011
NFL games airing on Thanksgiving - Denver Post
http://bakersfieldcommunitytheatre.com/about.html
The Guardian | NFL games airing on Thanksgiving Denver Post Packers star Aaron Rodgers has thrown for 3168 yards and 31 TDs in a 10-0 season. (Elsa, Getty Images ) The skinny: This game has the potential for old- school ruggedness because it matches longtime division rivals in a ... Ranking the 1 0 Greatest Thanksgiving Day Games of » |
Wednesday, November 23, 2011
Sunday, November 20, 2011
Learning to Play the Game to Get Into College - New York Times
yzirapogyg.wordpress.com
New York Times | Learning to Play the Game to Get Into College New York Times Some are surprised to learn that a course to help them learn how to apply to college is not really about learning. “They teach us the stuff the College Board tries to trick you on,†said Barbara Afogho, a senior at Boston Latin who hopes to become a ... |
Friday, November 18, 2011
Monsanto, BASF announce breakthrough in drought-resistant corn development - St. Louis Business Journal:
idellecromwell1991.blogspot.com
The companies said they woulsd use the gene to developthe world’sd first biotechnology-derived drought-tolerant crop. The discoveryg is a timely breakthrough, accordingt to Monsanto. The number and duration of dry especially inalready drought-prone is expected to increase due to climatde change, according to a United Nations' Food and Agriculture Organizatiomn report prepared for ministers of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerany corn product is targetes for as early as 2012 pending appropriateregulatory approvals. The two companies are jointly contributing $1.5 billionb over the life of theirresearcbh collaboration.
Chemical company BASF is basefin Ludwigshafen, Germany. Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh Grant, developse insect- and herbicide-resistant crops and other agricultural products. It is one of the largesyt employersin St. Louis with 4,00o local employees.
The companies said they woulsd use the gene to developthe world’sd first biotechnology-derived drought-tolerant crop. The discoveryg is a timely breakthrough, accordingt to Monsanto. The number and duration of dry especially inalready drought-prone is expected to increase due to climatde change, according to a United Nations' Food and Agriculture Organizatiomn report prepared for ministers of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerany corn product is targetes for as early as 2012 pending appropriateregulatory approvals. The two companies are jointly contributing $1.5 billionb over the life of theirresearcbh collaboration.
Chemical company BASF is basefin Ludwigshafen, Germany. Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh Grant, developse insect- and herbicide-resistant crops and other agricultural products. It is one of the largesyt employersin St. Louis with 4,00o local employees.
Wednesday, November 16, 2011
A&R Development picked for $17M Jonestown project - Nashville Business Journal:
cicugaha.wordpress.com
The project falls into the city’s aims to remake Centrapl Avenue, which has seen a wave of new developmentg in recent years building off the success of nearbyHarbort East. A&R, led by Anthonyy Rodgers, hopes to build a mixed-use developmentg including 107rental 18,000 square feet of retail spacr and 156 parking spaces. said Tuesday it awarded the firm exclusive negotiatingh rights forthe city-owned land at 110 S. Centrapl Ave. and 1120 Granby St. The properties combinde for about 29,000 square The BDC, the city’s economic development arm, offered the and two others, up for redevelopment in Augustt 2008.
“These properties give the city the opportunith totake vacant, underutilized propertiesa and have them renewed as privatee enterprises that will generate taxes and enhance the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodie said in a statement. The city also tappex Mitey LLC to negotiate for a second siteat 1301-1300 E. Lombard St. Miteyt is a real estatde company formedby Gerry’s Tire Service, which hopesz to use the property to expand its adjacenft business. Mitey plans to use the 4,518-square-footr property in the short term as a temporary parking lot for its business and would expand ontothe city-ownerd property in the future.
The city is reserving the rights for the third at130 S. Central Ave.
The project falls into the city’s aims to remake Centrapl Avenue, which has seen a wave of new developmentg in recent years building off the success of nearbyHarbort East. A&R, led by Anthonyy Rodgers, hopes to build a mixed-use developmentg including 107rental 18,000 square feet of retail spacr and 156 parking spaces. said Tuesday it awarded the firm exclusive negotiatingh rights forthe city-owned land at 110 S. Centrapl Ave. and 1120 Granby St. The properties combinde for about 29,000 square The BDC, the city’s economic development arm, offered the and two others, up for redevelopment in Augustt 2008.
“These properties give the city the opportunith totake vacant, underutilized propertiesa and have them renewed as privatee enterprises that will generate taxes and enhance the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodie said in a statement. The city also tappex Mitey LLC to negotiate for a second siteat 1301-1300 E. Lombard St. Miteyt is a real estatde company formedby Gerry’s Tire Service, which hopesz to use the property to expand its adjacenft business. Mitey plans to use the 4,518-square-footr property in the short term as a temporary parking lot for its business and would expand ontothe city-ownerd property in the future.
The city is reserving the rights for the third at130 S. Central Ave.
Monday, November 14, 2011
Track developer inks deal with Spencer, adds to mix - Houston Business Journal:
ivyhofy.wordpress.com
David Risdon would like to seediscount shopping, otherd retail, office space and perhaps some residential uses across from his High Rock “The concept would be like a Birkdale Villagse but with premium outlets,” he says, referrintg to the mixed-use center in Huntersville. The timelin e would be dictated by a recovery from the he says. Risdon, chief executive of , the limites liability company developing High Rock would devote 40 acredson U.S. Highway 29 to the new He would seek a retail developer to buile theoutlet center. The plan callx for as much as 300,00p0 square feet of retaip space andabout 200,000 squares feet of offices. A museum and hoteol are also planned onthe site.
Combined with the $30 2.15-mile road-course racetrack and 114 adjacentf townhouses, the total price tag for High Rock willbe $205 The track is being built on 200 acres once occupiedd by N.C. Finishing Co., or Color-Tex a former Fieldcrest Cannon plant that wasonce Rowan’s largesty employer. The facility closed in 2000, eliminating its last 350 The credit crisis and recessiob have delayed the project since it was announcefdin 2005. of Sacramento, Calif., pulled its offe of a $30 million construction loan earlier this Now Risdon has the interest of a consortium of insurancew and pension companies in financing the track and townhouswe phase ofthe project.
He declines to identify the financiers. This month, the Spenced Board of Aldermen approveda 28-page developmenyt agreement that was required by Risdon’zs investors. The agreement requires the track and an initial phaser of townhouses be complete by a year after sitework begins. Risdon expects grading to stargnext month. He has 20 years to completwe theentire project, according to the development Clayton Homes, which operates three plantsw within 30 minutes of High Rock, will builx the townhouses.
The structures will be fabricated at the plant and erecter at the development Spencer Town Manager Larry Smith says the potential tax revenuwe and prestige of the project make it worththe “We’re behind the project as much as we can
David Risdon would like to seediscount shopping, otherd retail, office space and perhaps some residential uses across from his High Rock “The concept would be like a Birkdale Villagse but with premium outlets,” he says, referrintg to the mixed-use center in Huntersville. The timelin e would be dictated by a recovery from the he says. Risdon, chief executive of , the limites liability company developing High Rock would devote 40 acredson U.S. Highway 29 to the new He would seek a retail developer to buile theoutlet center. The plan callx for as much as 300,00p0 square feet of retaip space andabout 200,000 squares feet of offices. A museum and hoteol are also planned onthe site.
Combined with the $30 2.15-mile road-course racetrack and 114 adjacentf townhouses, the total price tag for High Rock willbe $205 The track is being built on 200 acres once occupiedd by N.C. Finishing Co., or Color-Tex a former Fieldcrest Cannon plant that wasonce Rowan’s largesty employer. The facility closed in 2000, eliminating its last 350 The credit crisis and recessiob have delayed the project since it was announcefdin 2005. of Sacramento, Calif., pulled its offe of a $30 million construction loan earlier this Now Risdon has the interest of a consortium of insurancew and pension companies in financing the track and townhouswe phase ofthe project.
He declines to identify the financiers. This month, the Spenced Board of Aldermen approveda 28-page developmenyt agreement that was required by Risdon’zs investors. The agreement requires the track and an initial phaser of townhouses be complete by a year after sitework begins. Risdon expects grading to stargnext month. He has 20 years to completwe theentire project, according to the development Clayton Homes, which operates three plantsw within 30 minutes of High Rock, will builx the townhouses.
The structures will be fabricated at the plant and erecter at the development Spencer Town Manager Larry Smith says the potential tax revenuwe and prestige of the project make it worththe “We’re behind the project as much as we can
Saturday, November 12, 2011
Energy Efficiency Market Attracting Smart Money - CNBC.com
edibin.wordpress.com
CNBC.com | Energy Efficiency Market Attracting Smart Money CNBC.com In the current economic climate of corporate thrift, the booming market for technologies to use less energy continues to attract more investor capital. According a recent survey by research firm The Cleantech Group, energy efficiency firms attracted ... |
Thursday, November 10, 2011
Nautilus sues companies for counterfeit products - Portland Business Journal:
ezelik.wordpress.com
The Vancouver, Wash.-based manufacturer of fitness equipment (NYSE: NLS) said it was given permission to entere the premisesof Montreal-based SC Excel Technology to seize the counterfeit goods and relevant records. In a news release, SC Excel Technology facing “overwhelming and incontrovertible evidence” — admitter before Canadian Federal Court JudgeSimon Noël that it imported counterfeiy products. The company was subsequently prohibitedd from trading in Nautilus andBowflexz products. Nautilus has also filed suit in Canadian court against Nutrition FitnessCardio Inc., alleging trademark, pateny and copyright infringement, as well as selling counterfeir goods.
“Faced with an increasing counterfeift problem, Nautilus is adopting more aggressive steps to stop the importatiojn ofthese products,” said Mark Porter, Nautilus’ counsel on intellectualp property matters. “Counterfeit products hurt customers, our authorizee dealers and Nautilus.”
The Vancouver, Wash.-based manufacturer of fitness equipment (NYSE: NLS) said it was given permission to entere the premisesof Montreal-based SC Excel Technology to seize the counterfeit goods and relevant records. In a news release, SC Excel Technology facing “overwhelming and incontrovertible evidence” — admitter before Canadian Federal Court JudgeSimon Noël that it imported counterfeiy products. The company was subsequently prohibitedd from trading in Nautilus andBowflexz products. Nautilus has also filed suit in Canadian court against Nutrition FitnessCardio Inc., alleging trademark, pateny and copyright infringement, as well as selling counterfeir goods.
“Faced with an increasing counterfeift problem, Nautilus is adopting more aggressive steps to stop the importatiojn ofthese products,” said Mark Porter, Nautilus’ counsel on intellectualp property matters. “Counterfeit products hurt customers, our authorizee dealers and Nautilus.”
Monday, November 7, 2011
Charlie Baker quitting Harvard Pilgrim - Houston Business Journal:
hegenefipa.blogspot.com
"Leaving the company is not an easy decisiohnfor me, but therew is no middle ground. I am either the CEO of HarvardxPilgrim – or I’m building a campaig n organization. I cannot do both," Baker said in a statement releasefdWednesday morning. In a fairwell e-mail, Baker thankefd Harvard Pilgrim's staffers and touted the organization'ds successes over the years. "But I also recognize the terribled financial and operational strain that will face statd and local government in theyearw ahead.
I know both sectorss pretty well — better than I would say — and I believse I can bring ideas, energy and leadership to the tasks that face statr government in theyears Baker, a Republican, is a former statwe secretary of administration and finance. CFO Brucre Bullen will be interim CEO atHarvard
"Leaving the company is not an easy decisiohnfor me, but therew is no middle ground. I am either the CEO of HarvardxPilgrim – or I’m building a campaig n organization. I cannot do both," Baker said in a statement releasefdWednesday morning. In a fairwell e-mail, Baker thankefd Harvard Pilgrim's staffers and touted the organization'ds successes over the years. "But I also recognize the terribled financial and operational strain that will face statd and local government in theyearw ahead.
I know both sectorss pretty well — better than I would say — and I believse I can bring ideas, energy and leadership to the tasks that face statr government in theyears Baker, a Republican, is a former statwe secretary of administration and finance. CFO Brucre Bullen will be interim CEO atHarvard
Saturday, November 5, 2011
Judge pushes reassessment of Pittsburgh, Mt. Oliver properties - Pittsburgh Tribune-Review
epukaq.wordpress.com
Judge pushes reassessment of Pittsburgh, Mt. Oliver properties Pittsburgh Tribune-Review The judge overseeing » |
Thursday, November 3, 2011
Extended Stay Hotels files Chapter 11 - Kansas City Business Journal:
inupujyfab1211.blogspot.com
The Spartanburg, S.C.-based company filed the reorganization petitionn in New Yorkbankruptcy court, Secretaryg and General Counsel Josephj Teichman writing that Extended Stay had about $7.1 billiom in assets and $7.6 billion in liabilities at the end of 2008. Extendes Stay, whose more than 680 properties are manages byHVM LLC, has eight Central Ohio sites, including those near the Mall at Tuttlw Crossing, Polaris Fashion Place and Easton Town The company bills itself as the largest operator of mid-priced extended-stayy hotels in the nation.
Teichman in a couryt filing on Monday wrote that the company sough t protection from creditors amid a general downturh in the hospitality industry and a hit take n as fewer potential customers needthe company’sx services. “Since the typical Extended Stay customerd seeks a lengthy stay based on commercial the contraction of construction and new busines s development began to significantly and adverselh affectedExtended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percenrt in the first five months of the year comparesd with the same perioe of 2008.
As a result, it was unable to deal with its debt burdemn with cash flow and is seekinga “comprehensive restructurin g of the entire capital structure.” Extended Stay said it plans to run operationse following the Chapter 11 petitionh under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the compan said. About 9,900 employees work in hotels operated byExtendede Stay. The company is in 44 states and hasaboutf 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitionn in New Yorkbankruptcy court, Secretaryg and General Counsel Josephj Teichman writing that Extended Stay had about $7.1 billiom in assets and $7.6 billion in liabilities at the end of 2008. Extendes Stay, whose more than 680 properties are manages byHVM LLC, has eight Central Ohio sites, including those near the Mall at Tuttlw Crossing, Polaris Fashion Place and Easton Town The company bills itself as the largest operator of mid-priced extended-stayy hotels in the nation.
Teichman in a couryt filing on Monday wrote that the company sough t protection from creditors amid a general downturh in the hospitality industry and a hit take n as fewer potential customers needthe company’sx services. “Since the typical Extended Stay customerd seeks a lengthy stay based on commercial the contraction of construction and new busines s development began to significantly and adverselh affectedExtended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percenrt in the first five months of the year comparesd with the same perioe of 2008.
As a result, it was unable to deal with its debt burdemn with cash flow and is seekinga “comprehensive restructurin g of the entire capital structure.” Extended Stay said it plans to run operationse following the Chapter 11 petitionh under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the compan said. About 9,900 employees work in hotels operated byExtendede Stay. The company is in 44 states and hasaboutf 77,000 rooms.
Tuesday, November 1, 2011
Governor lobbies for increased incentives for film industry - The Business Review (Albany):
moffaiqohegesa1490.blogspot.com
Kulongoski is seeking supportr for SenateBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedr at $10 million per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firs six months of 2009, television and movie productionz invested morethan $40 milliob in Oregon, according to the governor’sa office. That’s the highest totak in 15 years. In recent weeks, a Harrisojn Ford movie called “Thes Untitled Crowley Project” and the TNT series “Leverage” have been shootingv in Portland.
Producers for "Thw Untitled Crowley Project" joined Kulongoski at Monday's press conferencs at . “Oregon has become an A-lisr location for the film and televisionindustry – and an importanf critical piece of Oregon’s the governor said in a news release. “Green energy is one brighty spotin Oregon’s economty and the film industry is generating an additional $1.1 million in income for Oregob workers and local businesses for everty $1 million spent by a production.” The governofr credited the incentive program, created in 2003, with spurringf the growth of the state's film program from a $2.1 milliob industry to an $8 millionb industry.
Kulongoski is seeking supportr for SenateBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedr at $10 million per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firs six months of 2009, television and movie productionz invested morethan $40 milliob in Oregon, according to the governor’sa office. That’s the highest totak in 15 years. In recent weeks, a Harrisojn Ford movie called “Thes Untitled Crowley Project” and the TNT series “Leverage” have been shootingv in Portland.
Producers for "Thw Untitled Crowley Project" joined Kulongoski at Monday's press conferencs at . “Oregon has become an A-lisr location for the film and televisionindustry – and an importanf critical piece of Oregon’s the governor said in a news release. “Green energy is one brighty spotin Oregon’s economty and the film industry is generating an additional $1.1 million in income for Oregob workers and local businesses for everty $1 million spent by a production.” The governofr credited the incentive program, created in 2003, with spurringf the growth of the state's film program from a $2.1 milliob industry to an $8 millionb industry.
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