Friday, June 29, 2012

Larry Feldman, CEO, Subway Development Corp. of Washington - Washington Business Journal:

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celebrated its 30th anniversary last year and the opening ofits 1,000thu franchise. In addition to helpin people open and run Feldman spreads the spirit of philanthropy everyy day through his own givingf and that ofhis employees. At individual shops, every employew receives $500 per year to contribute to a charitgy ofthe person’s The employee also must committ to serving that charity. Over the Feldman’s company has been involved in charitable givin formultiple organizations, including the , the , Children’ss Hospital, the , the Center for Autistixc Children and juvenile diabetes organizations.
Last Feldman’s company hosted its 11th annual golf tournament to raise mone y for the fight againstbreasf cancer. The tournament has contributednearly $1 million sincee its inception. The restaurants also participatd in sellingthe cause’s pink ribbons to raisre additional funds.

Thursday, June 28, 2012

Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:

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million restructuring charge tied to the closing of three factoriesa and 18retail centers. Addison-based Palm Harbotr Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvementg from the lossof $12.7 million, or 55 cents per share, a year ago. The company’w fourth-quarter sales totaled $78.8 million, down from $126.r5 million a year ago. Salezs for all of fiscal 2009 hit $409.3e million, down from $555.1 million a year Meanwhile, the company recorded a net loss for the fiscakl yearof $26.3 million, or $1.1t5 per share. That compares to a net loss of $124. million, or $5.44 per share, in fiscal 2008.
"While Palm Harbo began fiscal 2009 on apositive note, the overallp economic concerns, credit crisis and escalating unemployment have takejn their toll on everyone associated with the housing said Larry Keener, chairman and CEO of Palm Harborf Homes. The company’s largest revenue drop occurred in Arizonaand California.

Wednesday, June 27, 2012

Missouri approves $87M in stimulus road projects - Kansas City Business Journal:

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The commission approved $87.1 million worth of stimulusw projects at its monthlymeeting Wednesday, bringiny the total number of recovery projects awardede in Missouri to 91. Two of the projectsw are in Platte County: $478,806 for resurfacinfg Route 92, and $507,169i for surface leveling of Route 45. The work includea repairing bridges, building new interchanges, resurfacing roadwaysd and improving shouldersand pavement. The estimatezs that the 91 projects willsupporf 4,970 jobs.
“In just a few short we have started work on 12 stimulus projectd andcompleted one,” MoDOT Director Pete Rahn said in a “We’re also on target to have half of our stimuluse funding obligated by the requirer June 30 deadline.” The 54 latest projects came in 15 perceny under budget, saving the state more than $15.4 MoDOT said. “The savings we’re experiencint on construction projects is helpingy offset the decline in state and federakrevenue we’re experiencing because of the economic downturn,” Rahn said.
“Butf we’re still sliding toward a huge declind in our construction program over the next five Stimulus money has helped slow our fall off the but we’re still going to hit the bottom, and our transportatio n system will start getting worse instea of better.”

Monday, June 25, 2012

Rio Salado rejects $400M buyout offer from Grand Canyon partner - Phoenix Business Journal:

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"I am rejecting any offer for purchase," said Rufux Glasper, chancellor of , which operatees Rio Salado and nine other communitu colleges in the Phoenixmetropolitan "I don't think our district is in a positiob where it wants to even look at selling what I wouldr consider to be a public asset. I don't believe it's in our statutorty authority todo so, as well." Friday's prinrt edition of the Phoenix Business Journal has a story announcinh the bid for Rio Salado. Glasper announcesd the rejection afterdeadlinwe Wednesday. Glasper did say he is interested inpursuing public/private partnerships that wouldr benefit MCC students.
Michael Clifford, founder of , said he is willinf to discuss those typesof opportunities. He said he would like to expaned Rio's online component nationwide. Of Rio Salado's 62,000 students, 28,00o0 take courses online. Glasper said he hasn't even gottejn that far into discussionswith Clifford. "We've never had that he said. Clifford had sent a letter of intent to Glaspedon Jan. 15, offering to pay $400 million for Rio Salado, or $5,00p per student, whichever is greater. He said he is not put off by Glasper'e outright rejection of his offer to acquireRio "You don't step into the publicf marketplace unless you like the sight of your own Clifford said.
The original print edition story can be accessedf Friday by weekly newspaperf subscribersat .

Sunday, June 24, 2012

ARC: Population to hit 8.3 million by 2040 - Atlanta Business Chronicle:

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million more jobs in metro Atlantaby 2040. Accordinb an ARC population and job forecastpublished Wednesday, metri Atlanta added an average of 120,023 people each year in the 1990s. So far this the region has seen average annual growthof 121,000 people, making it the second-fastest growingy metro area in the behind only Dallas. While growth is expecte to slow somewhat in the coming ARC predicts metro Atlanta will addalmosrt 100,000 people each year from 2010 to about 92,000 each year between 2020 to 2030 and some 88,00p annually from 2030 to 2040. By the region will have aboutg 8.3 million.
"The Atlanta region has been one of the fastesg growing areas in the United Statesfor decades," said Mike Alexander, ARC Researcbh Division chief, in a statement. "Andx while the kind of growth experienced in thepast can'yt be maintained forever, metro Atlanta will continue to outpace most other parte of the country." Despitw an average loss of nearly 10,000 jobs each year from 2000 to ARC projects strong job growtjh in the region between now and 2040. ARC estimatea that the region will addnearlyt 60,500 jobs each year from 2010 to more than 53,000 annually from 2020 to 2030 and almosty 64,000 each year from 2030 to 2040. In by 2040 the region will have 4.
5 million jobs. Future job growthu should be in high-paying sectors such as health professional, scientific and technicak areas, ARC said. "Employment growth won't skyrocket as it did in the when the region addedalmost 86,000 jobs each but it will recover and metro Atlantq will again be a destination for job Alexander said.

Thursday, June 21, 2012

Equitable Building auctioned for $30M - South Florida Business Journal:

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The new owner, , an affiliate of Capmarkk Bank, bought the 33-story tower for $29.5 million, said attorne William Rothschild, with law firm . Sutherlandf was representing the lender, Capmark Financial Grouo Inc., which was foreclosing on the Equitable Capmark was the only bidder onEquitable Building, as most commercial real estate observerzs expected. Equitable's former owner, San Diego-baseed , paid about $57 million to acquire the building in but its value plummetedto $42 milliohn by early 2009.
Equastone received 90 percent financinb from Capmark toacquire Equitable, but plans to stabilizes the building's occupancy and turn it into an income-producing assety never materialized amid the worst commercial real estate crisis in 20 The tower -- designed by renownedc architectural firm -- has remained about half occupies this year. is managing and leasingf the building. It's expectefd to court the Fultobn Countypublic defender’s office, whichb is seeking at least a 50,000-square-foot lease downtown.
The publix defender's office was looking at the Equitable Building, but the financiao crisis facing the tower helped derail the Rothschild was assisted in the transactio nby Sutherland's Jason Kirkham.

Wednesday, June 20, 2012

Hawaii: Most millionaires per population - Pacific Business News (Honolulu):

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of New York defines a millionaire householrd as onewith $1 million or more in investablse or liquid assets, excluding sponsored retirement plans and real The marketing firm announced Friday the number of millionairee in the U.S. has declinecd by 14 percent over the past two But 6.4 percent of Hawaii’s households, or are millionaires. That’s down from 7.26 percent in 2008 but stillp high enough of a percentager to lead the nation for the second year ina row. Roundingb out the top five states in millionaires per population areMaryland (6.3 percent), New Jerset (6.2 percent), and Connecticugt (6.2 percent). These states maintained theirf order of rankingfrom 2008. Virginia (5.
5 cracked the top five in 2009, up from sixth place in 2008, while Massachusetts (5.4 percent) came in sixtg in 2009, down from fifth place the previous year. “Whilde the top states in millionaire percentagesd were little changed from theprevious year, overall, the market downturn has taken its toll on the rankes of millionaires in most states,” said David managing director of the Phoenix Affluent Market. Founded in 1999, Phoenixx Marketing International has offices across the countrty and partnerships with many of the largesyt companies in thefinancial pharma, automotive, healthcare, and travel and leisurs industries worldwide.

Monday, June 18, 2012

Tech execs launch new venture fund - Washington Business Journal:

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LaunchBox Digital, backed by several high-profile D.C. area executivesx including AOL vice chairma emeritus Ted Leonsis and founders Tom and David plans to invest upto $30,000 in a handfu l of companies as part of a contest. It is also separately givinvg upto $1 million in seed money to The company is modeled after a technologt incubator called , based in Silicon Valley and Mass., that gives guidance to startupsd to ensure their "Earlier incubators believed the secrey to success was offering peopl e cubicles and servers, which in many caseas proved to be the wronfg focus," said co-founder John McKinley, the formee chief technology of both AOL and Merril l Lynch, in a statement.
"Instead, what is really needer is adviceand guidance, on everythinvg from the product, to marketing, to technical assistance." LaunchBoc is seeking innovative companies that have ideass for such things as applicationsa for and as well as for the new phone or Apple'z iPhone. The company is holding a contest for between six and 10 which will cometo D.C. in the spring or summer of 2008 for 12 week s of intensive training to develop a prototypew andbusiness plan.
At the end of the they can pitch their businesses to venture capital firms for more Three area tech executives pooled their resources and raised mone y from the technology community to get LaunchBox offthe ground, but the companuy won't say how much they originally raised. The founderd are Julius Genachowski, who was chieft of business operationsfor IAC/InterActive Corp; Sean Greene, founde r of The Away and McKinley. Genachowski and Greene are both co-founders of a separated companycalled .
Other advisers to LaunchBox Digita include two former Federal Communications chairmenj Reed Hundt andMichael Powell; Raul chief executive of ; and Dany Levy, the foundef and chairman of Daily LaunchBox Digital will receive a 4 percent to 8 percenty stake in each company it invests in.

Sunday, June 17, 2012

Anacostia's decaying Big K site is no laughing matter - Greater Greater Washington

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Anacostia's decaying Big K site is no laughing matter

Greater Greater Washington


Today, we have 2 articles on the Big K site in Historic Anacostia. Also see Fala ... Big K site on 2200 block of MLK, Jr. Ave in Historic Anacostia. Photos by the ...



Friday, June 15, 2012

LCA-Vision loses $8M as surgeries decline - Business Courier of Cincinnati:

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million loss on revenue of $34 million in the fourthb quarterof 2008, as the company performed half as many eye surgeriex as it achieved during the same periods last year. The results take on heightened importancedfor LCA-Vision, which is in the middle of a proxy fight with the company’s former management An investment group led by founder Dr. Stephen Joffe has launchedx a consentsolicitation process, askinfg LCA-Vision shareholders to replace the company’a board and management with a team assembled by LCA’s quarterly results show the company generated $34 million in revenue from 19,424 surgical procedures in the last thre e months of 2008, down from $69.
7 million in revenuse and 39,888 procedures in the fourtj quarter of 2007. On a same-store basis, revenude at 69 centers declined 54.2 percent. The net loss of $8.2 or $0.44 per share, compared with net income of $4.2 or $0.22 per share in the fourth quarterof 2007. For the full revenue declined 30 percentto $205.2 million, while procedure volume declinee 40 percent to 115,153. LCA’es net loss for the year, $6.6 million, or $0.36 per compared with net incomeof $32.5 million, or $1.6e4 per diluted share in 2007.
CEO Stevenb Straus said in a press releasethat LCA’s declininhg procedure volume showed signs of stabilizing in the fourth and volume increased in “Our procedure volume for January 2009 was up 48 perceng compared with December 2008,” Straus said. “Although Januarty is typically our highestvolume month, this significan t increase compares favorably to our 14 perceny volume increase in January 2008 versus December The Joffe group formally launched its consent solicitatiojn process on Jan. 9 with a letter to urging them tooust LCA’s currentr management. Shareholders will have 60 days to casttheid votes, starting when the firsy consent solicitation is executed.
LCA said in a separat release that it has affiliatedwith , a providee of vision benefit programs. LCA will offer discountz to NVA members on laser surgeryy through its NationalLasik Network. Shares of LCA LCAV) fell 13 cents, to $2.81 in Tuesday afternoo trading. LCA-Vision, headquartered in Cincinnati, providew laser vision correction services under theLasikPlus brand. The compang operates 75 laser vision correction centers in the Unitedd States and a joint venturewin Canada.

Thursday, June 14, 2012

Kansas City Business Journal:

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million project, he is responsible for the overalklproject success, planning and safety. Bays has more than 32 yearsd of experience in the construction Carla Bogue has joined WaltonConstruction Co. as an accountinfg clerk. She handles accounts payable invoices, reviewsa invoices and statements to ensurwfinancial accuracy, and assists the director of finance and Previously, she was an administrative assistant for Heartland Specialtu Contractors.  Jo Meyerkord has rejoined Walton Construction Co. as marketing coordinator for the KansasCity division.
Meyerkord assistse with the development of tacticalmarketing plans, developes project-specific marketing activities, coordinates production of project marketing supportg materials, and coordinates and supervises preparation of proposalsa and qualifications. Previously, she was communication coordinatot for The Center for Plant Conservationbin St. Louis. Marty Hoffey has rejoined The Weitz Co. as vice president of business Hoffey previously spent for two and a half years as vice presidentg of business development for WeitzGolf International.

Wednesday, June 13, 2012

'Prometheus': A master work from Ridley Scott - Buffalo News

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Buffalo News


'Prometheus': A master work from Ridley Scott

Buffalo News


You almost always know. And it seldom takes long. It took less than five minutes, at most, to know in Martin Scorsese's “The Departed” that one of the...



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The Hollywood Gossip


Character actor Frank Cady dies at 96

Chicago Tribune


Frank Cady, a character actor best known as the general-store owner on the sitcom "Green Acres," died Friday, June 8, at his home in Wilsonville, Ore. He was 96. Cady played Sam Drucker, one of the less loony denizens of Hooterville in "Green Acres.


Frank Cady, 'G reen Acres' actor, dies at 96

San Jose Mercury News


Green Acres Star Frank Cady Dies at 96

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Frank Cady Dies at 96

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Sunday, June 10, 2012

Here are 10 tips for surviving the recession - Houston Business Journal:

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Conversely, Vicki Hess, a local careerr coach, says a negative attitude can be damaging, creatingb stress. “When under stress, little things starf to build up and creatshigh anxiety, negative interactions and overalol frustration,” she said. “Events that you used to be able to handlwe with grace become more challenging due to the worryand 2. Heavy-Lifting Now’s not the time for whining. Master your own job and tackle somenew projects. If you really want to get the attention, help generate some businesz — even if you are not in a revenue-creating “Now is your time to shine and exceol inyour position.
Focus your time on taskws relevant tobusiness growth, customefr retention and sales,” said Leslie a local productivity expert. If you are not directly in a position to grow the businesa insome way, then look for ways to improvs your interactions with those individuals or departments who 3. Self Promotion No one is going to toot your particularly in a recessionj when colleagues and bosses are worrieds about theirown jobs. So, many career experte say carefully communicate your successesto higher-ups.
“Tol build on your existingt foundation, stay visible and maintai an upbeat outlook,” said Joni Daniels, principal of in “Promote all the things you are doing that increase profits andreduce costs. Focu s on how recent changes will work to strengthenyour firm’sa competitive edge.” 4. Evaluation Most companiew are feeling the pain of the Whetherlost revenue, layoffs or furloughs are the result, careetr coaches say you need to decide if you can overcoms the heartburn. Is this the time for a careeer change? What about going back to school? Do a self-evaluatiohn and decide what might be best for you andyour 5.
Résumé If the pink slip s continue to bepasses out, perhaps you should update your résumé with your currentg responsibilities, experience and skills. “Create a résumé that is applicablw to your present industry as well as one that can positioh you for other industries with which you have said Taguding. 6. Networking Once you have that refreshed, start networking. Taguding suggestz testing the job market with yourindustryt colleagues, family and friends.
But others say take it a step “Opportunities for networking occur everywhere, not just at a seatedc dinner, luncheon meeting or specific networking said MaryAnn Masur, a Baltimore careetr consultant and author. “If you are clear on what you are up to in life and what you want or wherd you cangive support, you can find chance to connect in any situation.” Masur says she has made contactsa at golfing events, airport security lines, hotel the dry cleaners, shopping parties and in volunteer organizations. “So go live your life and be open to talking abouy your goals and what you she said. 7.
Tools Networks can be but they might not be enough in the downturn when new jobs are Check online job sites suchas , and TheLadders.com. A résumé service, coach or recruite may be in order to reposition yourself for a differengt kind of jobor industry. Consider contacting your alma colleges and universities have career centers that may open some Another source of help may be a trustee colleague who has recently made ajob change, recommends Mitch a managing director at the in Baltimore. 8. Good Healthy Let’s face it. This economy is dishin out more stress than most are used to Eating right, sleeping and relaxing are key ingredients for a health y lifestyle.
Whether you are working twice as hard at your normal job, searching for a new situation or make sure to take time out for yourself. 9. Exercised There’s no better medicine for a healthy heart and mind than Whether it’s running, walking or swimming, exercise can provide an outlet for stressx during the downturn, career coacheas say. 10. Time Be patient. Whetheer you are waiting for your company to rebound or looking for a new know this process willtake time. Also, expertz warn against jumping at the firstfjob offer. “Leaving a sinking ship can appeaer to others as if you are simply lookinfg for any port inthe storm, and few employerse want to play that role.
Start looking for your next career step rather than a more reliablwpay check,” Daniels said.

Friday, June 8, 2012

Baby boom spawned in wake of Ike - Houston Business Journal:

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Houston-area hospitals are gearing up for the Hurricane Ike Baby Spikesthis summer, expecting as much as a 25 percenft bump in June deliveries, according to the Associated Press. Some local hospitales have reported increases in scheduled deliveriesw for Juneand July. June 13 will mark nine monthsx to the day thatIke steam-rolled the Texas Gulf Coasr and left millions without powe r for, in some cases, several Humans react to stress, grief and tragedgy in many ways, but a rising birt h rate usually follows nine monthx after a major or catastrophic event.
“Ity has happened before and it seems to be happening saysJenifer Bratter, an assistant professor of sociology at Rice University’z Center on Race, Religion and Urban “An event that inspires an increase in fertility doesn’g have a lot to do with fertility itself,” Brattee says. “Severe power outages increase time spent together withless distraction. Durinh Ike you were reall left with nothing to do except be with A massive change tothe work-a-day life can reallty shift human behavior.
” A notablde recent baby spike occurred about nine months afteer the blackout of 2003, which affected about 55 milliobn people in the Northeastern United States and nearbh parts of Canada. Bratteer also cites spikes after 9/11 and the Oklahomw City bombing. Then there was the grandfathere of baby booms following WorldWar II, when hundredsd of thousands of American GIs returned home from People who go through the experience of catastrophic events such as terroristr attacks and global conflict will emerge not only with a renewexd sense of purpose, but perhaps a new slant on life’ss priorities. “Given the stress, there was a rethinking,” Bratter “Will we survive?
What is this we most value You can have a lot of different factorsx going on at thesame time, but it’es time to spend together and time to figures what’s most important.” Of Bratter acknowledges the bumper crop of babies conceivably could be attributed to a lack of accese to pharmacies and contraceptive devices. Or maybes there was simply nothing elseto do. “I’km sure there’s a big boredom factor there,” she Two Houston public high schools have earned high praise for recentrobotic projects. This the Milby High School RoboBuffs earnedf a variety of honors at the Worl RoboFest Competition at LawrenceTech University, outside of Detroit.
The Milbh team’s robot LARA (Lego Autonomoue Robotic Android) placed fifth in one category and knocked off the defending champio n Korean team inanother category. LARA also gave the Departmeny of Homeland Security a workout at theDetroiy airport. The robot with humanoid characteristics such as a voca system and blinking eyelids had to undergi arigorous bomb-squad inspection via x-ray, chemicalk swab and, yes, frisking. Last montnh a team from Waltrip High School took the top spot at the Texad Regional MATE ROV Contest hostedby Waltrip’s challenges centered arounds competition at the Sonny Carter Training Facilituy in Clear Lake, which contains the 6.
2 million-gallon pool where astronauts practice space walkds and equipment repair. “We’ve participated in it for a numbeeof years, but this is the first time any HISD team has won firs t at this contest,” says Richard Waltrip technology education teacher and robotics team This year’s contest required teams to come up with a made-from-scratchj remote operated vehicle (ROV) to a downed submarine, performing a seried of timed tasks to the mock sub.

Thursday, June 7, 2012

Alia Atkinson and Jasmine Tosky dominate swimming events – Santa Clara ... - News Pakistan

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News Pakistan


Alia Atkinson and Jasmine Tosky dominate swimming events â€" Santa Clara ...

News Pakistan


Alia Atkinson and Jasmine Tosky dominated gold medals of Women's 100m breaststroke and 200m butterfly respectively at the 2012 Santa Clara International Grand Prix. Her immaculate pace placed her considerably ahead of her opponents and she touched the ...


Alia Atkinson wins Women's 100m breaststroke gold: Day three - Santa Clara ...

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Santa Clara swim meet is grooming ground for potential Olympic stars

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Tuesday, June 5, 2012

Politicians want answers as rumors swirl NCR to leave Dayton - San Francisco Business Times:

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Government officials said word began swirling in the community Thursday thatNCR (NYSE: NCR) is planningy to move its headquarters and 1,300 employees to the Atlants area and make an announcemeny about the move this week. NCR Global Spokesperson Richarc Maton, speaking by phone Saturdayy from London, confirmed that an effort was made forOhio Gov. Ted Stricklandf and NCR Chief Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuingb to reach out to the companyg to have a direct conversation.
” When askes about NCR possibly movingh its headquarters out of Dayton, Maton said the companu does not respond to rumorsd and speculation. NCR Corporate Spokesperson Alan Ulman respondex to questionsabout NCR’s plans with an e-mail message Saturdag that read: “We have no announcemenr today.” In the past, NCR has been quick to deny rumora of its relocation and affirm its commitment to remaining in The has repeatedly sought informatio n from the company since Thursday, but NCR had not responded to their requests as of Fridayy evening, a development department spokesperson Montgomery County Commissioner Dan Foley said he is frustrateed by the lack of communication.
Foley said he has askeds multiplecompany officials, via to respond to the but has yet to receive any information. Foleyt said he, along with other county, state and city of Daytoh officials, have met with NCR representativex in the past in an effort tosafeguarde NCR’s local jobs. “All that nobody has confirmed to me that their statushas changed,” Foleyy said Saturday. “I have to assume that -- I hope, I very much hope -- they are stayingt in Dayton, because our citizens have helped build that compangy up tobe world-class and will continue to do Rumors have long circulated that the company would move, howeved multiple government and economic developmenr officials said they reached a new level in the past few NCR is said to be seekinvg about 100,000 square feet of office space in .
NCR is believedc to have looked at sitesin Savannah, and Ga. Based on the square footage the operation could house about 300 to 400 according to realestate sources. Georgiaa government and economic development officialsremained tight-lippeds on any potential In October, NCR said it would move its Worldwide Customer Servicesw headquarters to an Atlanta suburb, investing $15 millionb and creating more than 900 jobs in the suburbs of Peachtrer City and Deluth. The statwe of Georgia provided morethan $8 million in according to officials. NCR, founded locallu in 1884, is the Daytomn region’s second largest with 20,000 global employees and $5.3 billioj in revenue in 2008.
The which sells ATMs and retailautomation systems, is Dayton’d lone remaining Fortune 500 company. At one time, the companyy had more than 18,000 employees in the Daytonh area, but that number has dwindled durinyg the pastseveral decades. As recentlh as two years ago, NCR had aboutr 2,000 Dayton employees. That number has declined by about 700 workere in the past several In 2007, NCR announced it was relocating its executive offices to New York City and leasingv an entire floor of the 7 World Trade Centedr building. But, on paper, its headquarters remainef in Dayton.
In March, the company also told employees it is undergoing a structural reorganization and would cut an unknow n amount of itsglobal workforce. That same month, the company removedr the language “world headquarters” from the sign at its Daytoj campus, though it said at the time it wasjust

Monday, June 4, 2012

Solar Array, Gen. Mills detail expansions - The Business Journal of Milwaukee:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keitj Bone, general manager of the local facility, told memberx of . AED held its quarterly meetingg Thursdayat . Joe Hudgins, president and CEO of Soladr Array Ventures, outlined his company’s plan to build a massivew solar manufacturing plant onthe city’s Westside. Generapl Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additional bringing additional payroll to the area of $3.5 million. The expansionb also brings $30 million in spendiny to New Mexico.
The Albuquerquse City Council approveda $100 million industriall revenue bond deal for the company in February. BE&K Corp. from North Carolina landed the design/builx contract to build the expansion, but Bone said 80 percent of the firm’s spending and employeezs willbe local. The precast panels being used in the constructiomn are manufacturedin Belen. General Mills has been in Albuquerquwesince 1991. Its curreng facility is located near Paseo del Nortr and Edith and has190 employees, with an annuapl payroll of $12 million, said The 275,000-square-foot plant produces about 135 million pounds annually of 35 different cereals.
The facility also has a lab on-sites where the instructions for baking Generao Mills products at high altitudeszare created. The company has give about $5 million to area nonprofits since 1998and $519,00 in scholarships, Bone added. Don chairman of AED, said the cereall company’s donations illustrate one of the things the organization looks for inrecruiting companies: community Hudgins said Solar Array plans to break grouncd by the third quarter of this year on a 225,000-square-footy thin-film photovoltaic manufacturing plant in the Corderk Mesa business park, west of the mattresxs factory.
The company plans to add three more buildinga of that size as it he said, with each facility employintg about 225. Its annual payroll in the first phass wouldbe $14 million. About five percent of the jobs woulfdpay $100,000, 45 percent would pay $70,000 and half of the jobs woulcd pay $45,000. The capital investment for the firsg phase willbe $170 million and the company would spend $40 million annually for raw materials. The first phasr is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a spacde that will serve as a communitty andeducational center.
Solar Array is seeking $175 milliojn in industrial revenue bonds fromBernalilll County. The company is working to raisde $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two other states forthe plant, despite the fact that it did not offer the largest incentives. But the coordination among local and statw government officials and other parties made New Mexicoi far more efficient in establishingb a planning framework that the company coulde then use to plan a budget for the hesaid “That was a major issue for Hudgins said. He also praised the labor forced here and theeducational institutions.
The facility is beingt designed byPageSoutherlandPage LLP, whichy has Texas offices in Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, based in Ore., is building the

Saturday, June 2, 2012

Pedal to Properties takes on partner, plans expansion - Memphis Business Journal:

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Founded and headed by Matt Kolb, Pedal to Propertiezs is a residential real estatr firm that gives clients the option of looking at homes by The company maintains a fleet of 50 Electra Cruiser bikes. Kolb has sold a 50 percent stake in the companyt for an undisclosed sum to attorney Tim who specializes in taking regional retaillbusinesses national. As a partner in Pedal to Majors will work out ofthe company’zs Boulder office. Majors, who’s originally from Perth, approached Kolb about investing in the real estatre firm after looking at Boulder propertieby bicycle.
“We certainly plan to incorporatee [Tim’s] national and international branding expertise to expand Pedal to Propertieds inother markets,” Kolb said in a statement. Pedal to Properties plans to look at openinv branch offices in unspecified U.S. markets. In May, the company launchedr a licensee designation for brokers interested in usin theBoulder business’ operationao formula in their markets. The Coloradi company already is working to expand quicklyy in its hometown by adding more space and agents indowntow Boulder.
“I believe Pedal to Properties is in a perfecf position to meet the evolving social and demographic changes going on in the United States with Majors said ina statement.

Friday, June 1, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - Silicon Valley / San Jose Business Journal:

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The Washington Post and New York Times reported late on Tuesday that the antitrust probe is centered onwhether (NASDAQ:AAPL), (NASDAQ:YHOO), and others agreed not to recrui each other's employees. The storiex cited unnamed sources the papers said are familiar with the The investigation is reportedly in its early with the papers saying that the government has requester documents and information fromtargeted companies. The inquiry is seen as anothe r sign that the Obama administration will be more aggressivr on antitrust laws than his predecessod and Silicon Valley tech firms are a focu s ofthat attention.
The Justice Department is currentlgy also investigating a proposec settlementbetween Google, authors and publishers to resolve a copyright the Wall Street Journal has reported citinyg unnamed sources. The Federal Trade Commission has also askex questions about whether having Google CEO Eric Schmidt and formerGenentecy Inc. CEO Art Levinson on both the Appler and Google board is a violatiojn ofantitrust laws.