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City Councilors Will Kennedy and Jamie McLeodc were the only ones to side with the dissenters in the audience who opposed any publicv subsidy forthe stadium. The 5-2 vote on a $79 milliob subsidy for the project came afteera two-and-a-half-hour presentation and lengtht public comments that included concerns raised by the owner of California’sz Great America, Cedar Fair of Ohio, has been negotiating to sell the sprawlinvg thrill-ride park which is next to the proposedc stadium site to the 49ers. An attorneyg representing the park John Hickeyof , asked for a delayh on the decision.
“We want to reach an agreement (to sell the but while you have been working on the term sheetffor months, we and members of the public have only had two business days to read this complex document.” Hickey said he was surprised at earlier comments made by Jennifer Sparacino, Santa Clara’s City Manager, that he regarded as overluy optimistic about the closeness of an agreemenyt between Cedar Fair and the 49erxs to sell the park.
Jed York, presidentt of the 49ers, praised Santa Claras officials forcreating “the best infrastructurwe in the Bay Area” and told city officialsw and a crowd of more than 150 onlookere that the proposed 68,500-seatt stadium to be built on an overflow parkinf lot at the amusement park would not only host up to 10 NFL game annually, but possibly a varietyu of glamorous events, including the World Cup soccer in the future. Stadium proponents also view it as a likelhy venue formajor concerts, college football bowl gamez and even the Super “I feel the excitement in this city abouf the stadium,” York said.
“This deal will make Santaa Clara a better placeto live, work and play in the As part of a 40-year agreement with the city officials agreed to contribute $79 milliob to the project, including $42 million in redevelopmentf agency funds, $20 million from the city-ownec utility district to relocate an electricapl substation near the site and $17 million to builx a parking garage. That figurew is well below the $222 millionm city officials proposed spending on the project when it was firsft proposed twoyears ago, as they citeed the poor economy and shrinking city revenur as reasons for a much-reduced Another $35 million would be raised by a tax on guests staying at any one of eight hotels in the city’s Nort h Bayshore redevelopment area surrounding Great America.
City officials stresa no General Fundmoneu -- which pays for city services such as police, fire, parkes and libraries — will be used to pay for stadium constructionj or operations. A Stadium Authority, a joinyt powers governing body comprised of city andteam officials, alonyg with the 49ers and the NFL would be responsible for $825 millionm in stadium construction costsd under the agreement.
Sunday, June 10, 2012
Saturday, June 9, 2012
Holder appoints US attorneys to head criminal probes into leaks - Los Angeles Times
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CBS News | Holder appoints US attorneys to head criminal probes into leaks Los Angeles Times WASHINGTON â€" Atty. Gen. Eric H. Holder Jr. appointed two top federal prosecutors late Friday to “lead criminal investigations†into the recent leak of US classified intelligence information, acting on a pledge from President Obama that his ... Two attorn eys hired to lead criminal probes into national security leaks |
Thursday, June 7, 2012
J. Jill to close one Jacksonville store - Minneapolis / St. Paul Business Journal:
exceeding-commissioner.blogspot.com
Nine of the 75 stores to be closes arein Florida, includinf the one in The Avenue mall. A second Jacksonville J. Jill locatiob at the St. Johns Town Center will remaibn open. In a statement announcing the sale, Talbots Presidentf and CEO Trudy Sullivan saidit “enables us to focus our time, resources and attention exclusivelyu on rejuvenating our core Talbots brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distribution centef in New Hampshire, the subleases of a portion of the Quincy, headquarters and substantially all of the brand’s intellectuakl property and inventories.
The remaining 204 stores will continud to operate underthe J. Jill brand. The headquarters for the companu will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarter and is subject to postclosing adjustments. San Francisco based-Golde n Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitio was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardyt of losing their jobs when the swimwea r and ladies apparel company lost its With its latest catalog recentlhybeing released, Venus employees are still at least for now, and company executive s are looking for a new buyer to acquire the
Nine of the 75 stores to be closes arein Florida, includinf the one in The Avenue mall. A second Jacksonville J. Jill locatiob at the St. Johns Town Center will remaibn open. In a statement announcing the sale, Talbots Presidentf and CEO Trudy Sullivan saidit “enables us to focus our time, resources and attention exclusivelyu on rejuvenating our core Talbots brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distribution centef in New Hampshire, the subleases of a portion of the Quincy, headquarters and substantially all of the brand’s intellectuakl property and inventories.
The remaining 204 stores will continud to operate underthe J. Jill brand. The headquarters for the companu will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarter and is subject to postclosing adjustments. San Francisco based-Golde n Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitio was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardyt of losing their jobs when the swimwea r and ladies apparel company lost its With its latest catalog recentlhybeing released, Venus employees are still at least for now, and company executive s are looking for a new buyer to acquire the
Wednesday, June 6, 2012
Ford
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The concept for the improved museum came from RichardNortoj Smith, a veteran presidential historian. Smith, who has previouslt served as the director ofthe Hoover, Eisenhower, and Ford presidential libraries, takes an energeticd and imaginative approach to the past. “There’s never an excuse for a dull book, a dull or a dull speech,” said His creativity and admirationfor America’s Civil War President shines through the coming attraction’s uniques organization. Smith said the new Ford’s will be an “experience” dividecd into four acts.
Act I chronicless Lincoln’s presidency, personality and moral progression through an interactivr museum located inthe theater’se basement. Act II is the theaterf itself, where visitors will walk into the balconyh where John Wilkes Booth assassinated Lincolnin 1865. Act III sends patronss across the street to the Petersemn House where they willread grief-stricken articled and personal letters from those closest to the president following his Act IV, the New Cented for Education and Leadership, brings visitors back to modern times and illustrates how Lincoln has been portrayes in the modern era.
Highlights from the museum exhibit include slightly caricatured stone models of Lincoln and dramatized reenactmentsof Lincoln’s professional and personal and a recording of past presidents reading the Gettysburg Work began on the $3 millionh renovation with the closing of Ford’s Theatrwe in August 2007. Since then, the theaterf reopened for performances inlate February. Developers aim to begih renovations on the EducationCenter (Act IV) in early 2010 and have completede construction later that year. The Lincoln Bicentennial Campaign coordinated funding forthe project.
The concept for the improved museum came from RichardNortoj Smith, a veteran presidential historian. Smith, who has previouslt served as the director ofthe Hoover, Eisenhower, and Ford presidential libraries, takes an energeticd and imaginative approach to the past. “There’s never an excuse for a dull book, a dull or a dull speech,” said His creativity and admirationfor America’s Civil War President shines through the coming attraction’s uniques organization. Smith said the new Ford’s will be an “experience” dividecd into four acts.
Act I chronicless Lincoln’s presidency, personality and moral progression through an interactivr museum located inthe theater’se basement. Act II is the theaterf itself, where visitors will walk into the balconyh where John Wilkes Booth assassinated Lincolnin 1865. Act III sends patronss across the street to the Petersemn House where they willread grief-stricken articled and personal letters from those closest to the president following his Act IV, the New Cented for Education and Leadership, brings visitors back to modern times and illustrates how Lincoln has been portrayes in the modern era.
Highlights from the museum exhibit include slightly caricatured stone models of Lincoln and dramatized reenactmentsof Lincoln’s professional and personal and a recording of past presidents reading the Gettysburg Work began on the $3 millionh renovation with the closing of Ford’s Theatrwe in August 2007. Since then, the theaterf reopened for performances inlate February. Developers aim to begih renovations on the EducationCenter (Act IV) in early 2010 and have completede construction later that year. The Lincoln Bicentennial Campaign coordinated funding forthe project.
Monday, June 4, 2012
Atlas Pipeline and Williams launch Marcellus Shale venture - Birmingham Business Journal:
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The two companies LLC, on April 1 . Atlasw Energy Resources LLC an affiliate of AtlasPipelins Partners, will be the anchor tenan on Laurel Mountain’s system. Under its agreement with Tulsa, Okla.-basecd Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receive $90 millionn in cash, a preferred right to proceedz undera $25.5 million obligation from and 49 percent of Laurel The obligation amortizes in equal principapl installments over three years.
Atlas Pipeline Partners can convert its right to receiv accrued principal and interest undert the obligation into a sum equap to the accrued principal and interestf and use that to cover its required capitall expenditures underthe joint-venture Atlas Pipeline Partners also said its lenders recently agreer to relax the covenants relating to totalo debt and earnings beforre interest, taxes, depreciation and amortization on its $380 millionn revolving credit line and $463 million term loan facility.
Additionally, , whichy owns the general partner of AtladPipeline Partners, said Monday it has repaidx $30 million on its credit facility and will pay down the remainint $16 million balance in equaol quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliob it used to pay down the facility by issuing $15 milliom of preferred limited partner units to Atlas Pipeliner Partners and by borrowing $15 million from Atlas Americq Inc., which owns Atlas Pipeline general partner and 64 percent of its common units.
Atlaes America (NASDAQ:ATLS) also guaranteed that Atla Pipeline Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Moon, Pa.
The two companies LLC, on April 1 . Atlasw Energy Resources LLC an affiliate of AtlasPipelins Partners, will be the anchor tenan on Laurel Mountain’s system. Under its agreement with Tulsa, Okla.-basecd Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receive $90 millionn in cash, a preferred right to proceedz undera $25.5 million obligation from and 49 percent of Laurel The obligation amortizes in equal principapl installments over three years.
Atlas Pipeline Partners can convert its right to receiv accrued principal and interest undert the obligation into a sum equap to the accrued principal and interestf and use that to cover its required capitall expenditures underthe joint-venture Atlas Pipeline Partners also said its lenders recently agreer to relax the covenants relating to totalo debt and earnings beforre interest, taxes, depreciation and amortization on its $380 millionn revolving credit line and $463 million term loan facility.
Additionally, , whichy owns the general partner of AtladPipeline Partners, said Monday it has repaidx $30 million on its credit facility and will pay down the remainint $16 million balance in equaol quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliob it used to pay down the facility by issuing $15 milliom of preferred limited partner units to Atlas Pipeliner Partners and by borrowing $15 million from Atlas Americq Inc., which owns Atlas Pipeline general partner and 64 percent of its common units.
Atlaes America (NASDAQ:ATLS) also guaranteed that Atla Pipeline Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Moon, Pa.
Sunday, June 3, 2012
KV Pharmaceutical enters into decree with FDA - St. Louis Business Journal:
sasutezew.blogspot.com
Under the consent KV agreed to use an independent consultang toreview KV's facilities and certify compliance with FDA regulations. KV said it already hiresd Westbury, N.Y.-based , which has been on-site for several weeks. The FDA will then decide whetherd the KV facilities are in The decree further provides that KV may requesrt of FDA that it be permitted to resumew manufacturing and distribution of certain products before the companty is cleared by FDA to resumsefull operations. KV said it expects to submir the consent decree Monday for federal court KV had of all its drugs and recalledd painkillers because the tabletswere oversized.
The companyh has been by the FDA, the FDA’sz Office of Criminal Investigations, the and the U.S. attorneyh for the Eastern Districtof Missouri. As part of the consenty decree, KV has agreed not to marketf products it manufactures until it has satisfied certain requirementsx designed to demonstrate compliancewith FDA's current good manufacturing practicees regulations. KV has also agreed that it will not distributwecertain products, including its prenatal vitamins and hematinic until the products are approved by the FDA.
"Wd have been working diligently with the FDA for the last two monthse to reach agreement on a clear path forward to permit KV to resumde manufacturing and marketingits products," said David Van KV's interim chief executive. "Since December, when new management took overat KV, our team has take significant steps to enhance our systems and and we will continue to do so. We look forward to cooperating with the FDA during this procesds that will facilitate our return tothe market.
Predictingg the timing for the return and the ultimate producgt assortment that we will market are presentlyy very difficult due to the range of variables that must be As wegain certainty, we will notifgy customers and all other stakeholders." Brentwood, Mo.-based KV Pharmaceutical KVa, KVb) develops and markets pharmaceutical products.
Under the consent KV agreed to use an independent consultang toreview KV's facilities and certify compliance with FDA regulations. KV said it already hiresd Westbury, N.Y.-based , which has been on-site for several weeks. The FDA will then decide whetherd the KV facilities are in The decree further provides that KV may requesrt of FDA that it be permitted to resumew manufacturing and distribution of certain products before the companty is cleared by FDA to resumsefull operations. KV said it expects to submir the consent decree Monday for federal court KV had of all its drugs and recalledd painkillers because the tabletswere oversized.
The companyh has been by the FDA, the FDA’sz Office of Criminal Investigations, the and the U.S. attorneyh for the Eastern Districtof Missouri. As part of the consenty decree, KV has agreed not to marketf products it manufactures until it has satisfied certain requirementsx designed to demonstrate compliancewith FDA's current good manufacturing practicees regulations. KV has also agreed that it will not distributwecertain products, including its prenatal vitamins and hematinic until the products are approved by the FDA.
"Wd have been working diligently with the FDA for the last two monthse to reach agreement on a clear path forward to permit KV to resumde manufacturing and marketingits products," said David Van KV's interim chief executive. "Since December, when new management took overat KV, our team has take significant steps to enhance our systems and and we will continue to do so. We look forward to cooperating with the FDA during this procesds that will facilitate our return tothe market.
Predictingg the timing for the return and the ultimate producgt assortment that we will market are presentlyy very difficult due to the range of variables that must be As wegain certainty, we will notifgy customers and all other stakeholders." Brentwood, Mo.-based KV Pharmaceutical KVa, KVb) develops and markets pharmaceutical products.
Friday, June 1, 2012
Colorado gets $509M for education from part of stimulus plan - Denver Business Journal:
efiosyt.blogspot.com
The money comes from the State FiscalStabilization Fund, which was created under the stimulus bill. The moneyu will be used to improvse and monitorpublic education, and Colorad o will collect and publish information on teachedr quality, student improvements, college readiness and interventions with underperforming schools in The state can applyu for the remaining $251 milliomn for which it is eligible in the fall. That $760 millionh combines with $270 million in recover funding that Colorado is expected to get under existing federal education formulas tototapl $1.
3 billion in stimulusx education funding for the State leaders have gotten anotherf $140 million in funding for disablesd or underprivileged students so far, and they are expecteed to apply for some of the $4.3 5 billion being offered for education reform investment in the Race to the Top “By spending the money we can preserve critical ensure that more kids graduate from high school fully preparee to succeed in college and the workforce and further strengthen Colorado’s competitive position in the global economy,” U.S. Rep. Jarex Polis, D-Colo.
, said in announcing the money in a news Colorado has specified that atleast $452 milliomn of the stabilization-fund money will go to public colleges and universities while at least $170 million will go to public
The money comes from the State FiscalStabilization Fund, which was created under the stimulus bill. The moneyu will be used to improvse and monitorpublic education, and Colorad o will collect and publish information on teachedr quality, student improvements, college readiness and interventions with underperforming schools in The state can applyu for the remaining $251 milliomn for which it is eligible in the fall. That $760 millionh combines with $270 million in recover funding that Colorado is expected to get under existing federal education formulas tototapl $1.
3 billion in stimulusx education funding for the State leaders have gotten anotherf $140 million in funding for disablesd or underprivileged students so far, and they are expecteed to apply for some of the $4.3 5 billion being offered for education reform investment in the Race to the Top “By spending the money we can preserve critical ensure that more kids graduate from high school fully preparee to succeed in college and the workforce and further strengthen Colorado’s competitive position in the global economy,” U.S. Rep. Jarex Polis, D-Colo.
, said in announcing the money in a news Colorado has specified that atleast $452 milliomn of the stabilization-fund money will go to public colleges and universities while at least $170 million will go to public
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