Wednesday 31 August 2011

Memphis-Shelby County Airport Authority to receive $17.9M for projects - Triangle Business Journal:

egogakydo.wordpress.com
million for projects from the . The funds will builcd a new taxiway, improve the terminal building, instalkl airfield guidance signs and perimeter fencing and makerunwayy improvements. “By investing in better runways and improve d facilities we will create good payinfgconstruction jobs, and continue to attract tourists and businesses opportunitie from around the country,” U.S. Rep. Stevew Cohen, D-Memphis, said in a statement. The MSCAAz will be fully reimbursed for one taxiwayy construction project and be partiall y reimbursed for funds it spent on The group will also use the money to instalpl moving walkways from the new parkingh garage tothe terminal.
Airfielde guidance signs will help ease trafficc flow aroundthe airport. the east gate will be relocated to improve accesws for future development at the The funds will also rehabilitate the existinb runway pavement and wideh the taxiway for larger The grant was awarded through the Air Improvement It helps airports modernize air trafficcontrol systems, expand runways and improvs airport facilities.

Monday 29 August 2011

Fed e-mails critical of BofA, Lewis - Boston Business Journal:

stockdaleiqemico1521.blogspot.com
The e-mail messages were entered into the public record as partof Thursday’ hearing held by the U.S. Hous e Committee on Oversight andGovernment Reform. Lewis testified for aboug three hours regardingthe government’s role in BofA’ purchase of Merrill, saying governmen pressure to go through with the deal was a factot in his decision. But e-mails from various high-ranking Federal Reservwe officials suggest regulators thought Lewis was bluffingf when he considered backing out of theMerrill “Ken Lewis’ claim that they were surprised by the rapid growthg of the losses (at Merrill) seemz somewhat suspect,” Fed senior banking supervisorr Tim Clark states an e-mail to other “It calls into question the adequacyu of the due diligence process BAC has been doing in preparatiob for the takeover.
” Another e-mail from Fed counsekl Scott Alvarez to Fed Chairman Ben Bernanke says of Lewis: “Makinh hard decisions is what he gets paid for ... we shouldn’tt take him off the One e-mail says Lewis used the threat to call off the Merrilp merger asa “bargaining chip.” In testimony Thursday, Lewis denied using Merrill as a bargaininvg chip. Instead, he says his concerns abouft the deal were but bank and federakl officials agreed proceeding with the purchase usinfg taxpayer aid was in the best interest of the financial systemand Charlotte, N.C.
-based BofA

Friday 26 August 2011

SpectraSensors blasts off with funding - Houston Business Journal:

igoeosysata1533.blogspot.com
The latest round of financing brings the totap amount raisedby SpectraSensors, a Houston-based supplier of opticalk sensors for industrial and environmental gas sensing applications, to $29.y million since its inception a decade ago. Investorw participating in the latest roundinclude , Nth Power, Americah River Ventures, Nomura Private Equity Investmentg and Chevron Technology Venture Investments. SpectraSensors relocatedd to Houston fromRancho Calif., in late 2006, in an effort to be closer to its major customers — primarilyy oil and gas and petrochemical The company still maintains a manufacturingy site near its formert headquarters in Southern California.
SpectraSensors CEO George Baloghg says the new cash infusionh will be used to continue expansiobn into overseas markets such as Russiw and Saudi Arabia but will also go toward addressinfnew markets. Although 95 percent of business comes from the oil and gas andpetrochemicaol industries, the company is startingb to spread its wingsz in a new direction. SpectraSensord is on the verge of installing atmospheri monitoring systems on a fleet as part of a joinrt program withthe Dallas-basedc airline carrier and , among others.
The goal of the Balogh says, is to “vastly improves the weather prediction ability for the entire in particularfor “What we’re doing is using an airplans as a weather instrument for monitoring the moisturr concentration of the atmosphere,” he says. With traditionaol satellite methods ofweather prediction, Balogh it’s difficult to detect moisturw from zero to 40,000 where most of the cloud cover sits.
“That’z why, here in Houstom especially, meteorologists might see a front over the citybut don’rt know whether it will be a lightf downfall or buckets of water,” he By improving weather prediction, Baloghy says the program should resulrt in safer and more fuel-efficient flights and transportatiohn in general. Rick Curtis, chiev meteorologist at Southwest Airlines, says the carried is awaiting the green light from the to instalol the sensor in 31 of its 737 Curtis says the data compiled by the sensorsd will go intothe ’x forecast modules and “improvse the accuracy and supplement the ballooh data put in there now.
” The local weathef services will also have access to the information. For Southwesg in particular, Curtis says the sensorx will help the airline get bettedr forecasts infoggy conditions. “We run into a lot of marine layer fog along the West he says. “Folks don’t usuallyg know how thick that marineelayer is. But we’ll be able to send the planw in and out to measurer thewater vapor.” While the aviation side of the businessz starts to take off, SpectraSensors is also stayinfg active in the energy sector. In the past the company has launched 34 new process applications for refineries and gas processing andpetrochemicaol plants.
Products include moisture analyzers, or and gas analyzers that measurw moisture, carbon dioxide and hydrogen amongother things. Companies use the producte to help make refineries more efficientr and to improve the safetyh ofgas pipelines, according to SpectraSensors was founded in 1999 by a group out of that had sent a gas senso r to the surface of Mars in an attempt to discovert water on that planet. Baloghg says that when the Mars Polar Lander crashec on the surfaceof Mars, membersz of the team got left NASA and started SpectraSensors. The original intent was to maneuvet atmosphericsensor technology.
But when Balogh joined the companyin 2003, he realizex there was a tremendous market in the natural gas pipelinse industry and in the chemical and petrochemicall industries in monitoring moisture in natural gas pipelines and chemicao plants as well as various aspects of refining By December 2006, SpectraSensors was ready to relocate to Houstonn to be closer to its which include , , and SpectraSensors grossef about $25 million in revenue in 2008, landing it in the 540thn spot on ’s fastest-growing companies list. Although it is not yet Balogh says the company grew at abou t 80 percent last and needed the new financing to furthedrcontinued growth.
He says SpectraSensors is still spending about 25 percent of its sales on researchand development. George Hoyem, managing director of San Francisco-basede Blueprint Ventures, one of the firm’s originap investors, describes SpectraSensors as a “real kind of a Cinderell start-up with technology that’s solving a real “They’re hitting on all cylinders, whicj is rare these days,” adds Hoyem, who serves as chairmam of SpectraSensors’ board. Randy Baker, seniord meteorologist at UPS says UPS first got involvedr in water vapor sensor technology with a different companuyin 1997.
But after recognizing some shortcominga withthe technology, UPS began working with SpectraSensorsa on testing the prototype of a redesignefd sensor. “We’ve got 25 aircraf equipped to test it out and prove that it andonce it’s proven, it’ds going to go into a lot more aircraft,” Bakef says. “The idea is to ultimately equip 1,00 or more jet aircraft to automatically record water vapor as a planre climbs and descends intothe atmosphere.” The National Weathetr Service will perform a detailed comparison of the data of testx performed with SpectraSensors’ technology to that of data compileed by tools such as watet balloons.
“If the numbers are good in fact, UPS would basicallt look at adding the water vapor sensor on ever one of our757 aircrafts,” Baker says. For the sensors are valuable for more than justweather “They are critical for forecastingh where clouds are going to be, at what altitudes, for fog and for forecasting thunderstorms or winter precipitation,” he says. “We already have a pretty good handleon winds.

Wednesday 24 August 2011

Yes! Solar sells Colorado, Montana franchises - Dallas Business Journal:

kittredgeihuhyla1951.blogspot.com
and Bozeman, Mont., the company announced The two territories extendthe company’as franchise network to about 95,000p more homeowners and many small Founded in 2005, Solar Power (OTCBB: SOPW) works with clients to obtainb permits and manage the installation of solar powerf systems in small and medium-sized businesses. The company also manufacturez or procures all the parts and pieces to make thesystemw work. In addition, Solar Power installs home solar systemsxthrough Yes! Solar Solutions. Yes! has a stor in Roseville, three franchises in the San FranciscioBay Area, and a handfupl of franchisees in Cary, N.C., Helena, Mon.
, and Pueblo, The latest franchisees in Puebloi and Bozeman are set to begin operations in “We look forward to serving the home and business ownersd within our expanding reach with our solar energy system solutions and a growing numbetr of solar product innovations,” said Jeff Pontius, executiv e vice president for Yes! Solar Inc., in a news

Monday 22 August 2011

Jayalalithaa voices objections on GST Bill to Manmohan - The Hindu

afukakuja.wordpress.com


Moneycontrol.com


Jayalalithaa voices objections on GST Bill to Manmohan

The Hindu


Tamil Nadu Chief Minister Jayalalithaa on Monday voiced her opposition to the proposed Goods and Services Tax Bill to Prime Minister Manmohan Singh, asserting it encroached on state powers and was like entering an Ć¢€œunknown territoryĆ¢€ fraught with risk ...


Jayalalithaa throws a spanner in GST works

mydigitalfc.com



 »

Saturday 20 August 2011

KV Pharmaceutical, Purdue Pharma settle painkiller patent dispute - South Florida Business Journal:

olimstgon.blogspot.com
Under the settlement, KV agreecd to no longer dispute the enforceabilityor infringement” of the Purdue generic oxycodonde patents. In return, Purdue granted KV a limited, non-exclusive license to manufactureand sell, in the United a certain amount of various dosager strengths of the drugs as long as KV pays royaltie to Purdue. KV also reached a deal to be an non-exclusive distributor in the United Statesd of certain generic versionsof OxyContin. These agreementse settle three patent infringementlawsuits Stamford, Conn.-based Purdus filed against KV in 2007. KV still faces more lawsuitsa fromother companies, consumers and shareholders. Threed individuals in St.
Clair County Circuit Court againstf KV, alleging that certain drugs contained a potentially lethalk amount of morphine due to oversized tabletxs that were eventually recalled by the pharmaceutical Last month, , a Florida-base dermatology company, sued KV, of a patent for Duac topical gel, an acne medication. KV also facew lawsuits from shareholders about manufacturing compliance andthe company’se financial prospects. Brentwood, Mo.-based KV has and recalled In March, KV said it with the FDA that outlines a series of measures that will permit KV and its subsidiariex to resume manufacturingand distribution.

Thursday 18 August 2011

Kendall

yfimuna.wordpress.com
million foreclosure lawsuit against the developer of theRivendell single-familu home project in West Kendall. The Miami-based bank filedd the foreclosure action on June 9againsyt Miami-based Crestview II, Marsol One LLC and managing member Marcial Solis, according to records. The complaintf targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenue and the Miccosukeee Golf and Country Club. After starting constructiojn in 2004, Crestview II sold 103 homes in Rivendell from 2005 throughn the most recent salein January. Fort Lauderdale-based attornegy Charles Lichtman, who represents TotalBank in its demancdfor $12.
2 million on the outstandingh mortgage, did not immediately return a call seeking TotalBank reported having $86.4 million in late or unpaid or nearly 6.5 percentr of its total loans, as of Marchy 31. In March, filed a foreclosure actionn against Crestview II and Solisz overa $2.1 million mortgage.

Monday 15 August 2011

Hearing set to certify Chinese drywall class - Austin Business Journal:

ramoledef.blogspot.com
The plaintiffs’ homes were constructed with what they alleg e was defectiveChinese drywall. , built the The judge also set a possible triap date forSeptember 2010. Lawyera working on the case say it may be the first Chinese drywall case set fortriapl nationwide. High-sulfur Chinese drywall is believed responsible forstrong odors, metal corrosion and health complaints in thousands of home in Florida and the Federal class action suits were combinex recently in New Orleans. , The Blumsteib Law Firm and allege inthe Miami-Dade suit that the defectives drywall emits toxins, including carbon disulfide, carbonyo sulfide and hydrogen sulfide.
They believed drywall manufactured in China was used in as manyas 60,000 Floridaw homes and as many as 100,000 in the U.S. durinf the building boom between 2004and 2007. The state case was filefd in February on behalf of Jasom and Melissa Harrell and other homeownerss who purchaseddefective homes. In a press release, the firms said the defective drywall was installed inthe Harrell’s home by the South Kendall Construction and supplied by In an interview in January, Soutb Kendall Construction’s president told the Business Journal he was investigatinvg the problem, but he has not respondefd to additional requests for comment.
Repeate d attempts to speak to officials at Banned Supply have notbeen

Saturday 13 August 2011

Buffalo housing market springs ahead - Business First of Buffalo:

bojony.wordpress.com
Completed transactions reached 906, which is 3.3 percengt better than 877 a year ago thougbh stillthe second-lowest amount for May in this The sales total was also 21.2 percent better than 747 in For the first five months of 2009, closesd sales are off 11.3 perceny at 3,124 from 3,525 last year. Median prices climbed to a peakof $110,000 for the calendar up 4.3 percent from $105,500 a year ago. Averag e prices were down 1 percentto $124,640 from Total dollar volume for May was $112.944 million, a 2 percent gain from $110.66 millio last year.
BNAR also said that new listings were up 6 percentg in the past yearto 1,6732 from 1,570 while active listingds declined 6 percent to 5,339 from The overall downfall in the housing marke t is also reflected in a report from Erie County Comptrolele Mark Poloncarz. The comptroller said the semi-annual mortgage tax revenue distributedto cities, towns and villages so far this year is down 22.15 or $1.65 million, than a year ago. Paymentxs to the City of Buffalo aredown 32.68 percentt to $709,393 compared to $1.05 million in June 2008. Distributionds will also be lowert inCheektowaga ($717,302, down 46.9 percent), the Town of Lancasteer ($659,231, down 48.
5 percent), Town of Orchard Park ($427,542, down 34.5 Clarence ($523,811, down 15.1 and Amherst ($1.18 down 6.4 percent). The report said only eighty municipalities — Akron, Boston, Collins, Eden, Gowanda, Grand Island and Newstead would receive increases in mortgagetax receipts.

Thursday 11 August 2011

Publishers of WHIRL getting into foodie act with new mag - Pittsburgh Business Times:

vuwodu.wordpress.com
Seven years after starting their flagship WHIRL magazine, the couple has launched Edible a new magazine with a "locavore" focues on regional food and cuisine. The magazinse is North Side-based WHIRL Publication's third In 2006, the company started At Home with Jennifer, a home sheltedr magazine published in conjunction withformerd KDKA-TV news anchor Jennifer Antkowiak. WHIRL ended its affiliation with Antkowiako at the end of last year and now publishes the magazinse as AtHome With. Edible Allegheny is a licenser title that WHIRL Publishing acquired fromSante Fe, N.M.-based ., whichg has established "Edible" publicationas throughout the country.
Victorisa Bradley, the food writer at WHIRL, has been appointeds Edible Allegheny's editor. Tumpson expectsa to publish Edible Alleghenyu five timesa year. While he is still hashinvg out a strategy for getting the magazine into the handzof readers, he sees a need for it and describes his target market as "everybody who eats." The firs issue was distributed along with WHIRL Magazine, whic h has a distribution of 30,000. If WHIRLk decides to sell it on newsstands, it will cost $5, close to WHIRL's $4.95. Tumpson declined to project the revenue potential of the magazine in itsearlyu stages.
He hopes to see readership of the publicatio n grow the way interest in locafood has, citing his family's own recenyt subscription to a community-supported agriculture through which they receive regular suppliesz of fresh produce from local farms. "People want a sourcre to know what's what and who'as who in the local food movement," he said. Edible Alleghen has one establishedcompetitor -- a glossy quarterly magazine Christina French launches last year to cover western Pennsylvania's food culturse and lifestyle, billing itself as the "one and Pittsburgh magazine to do so. "Table is a great And it does a veryfine job," Tumpsojn said.
"But it's high-end. We're more of a grass-rootd publication." French agreed with the high-end description of While Edible Alleghenycharges $2,500 for a one-time full page ad, Table's rate is $4,000. Published quarterly, Tablwe has grown by 25 percenr in terms of advertising support with eachnew issue, Frenc h said. But French said Table is also a grass-roota publication, even though she sees different focuses forboth magazines.
"Food is our platformm for a lot of othed issues thatI don't think are strictly tied to food," she Matt Kinsman, the managing editor of FOLIO, a Connecticut-based publicatiom that covers the magazine industry, sees food publications as a hot trenr in a magazine industry that has been largelyg flat. The Edible franchise, which FOLIO recently publishee afeature about, has grown to more than 90 publicationds by selling the rightsx to well-off local investors new to generating royalty fees from them and then oftem teaching them how to put out successful publications, Kinsman "I think they've got a good They have a model that's created a lot of interesty from advertisers," he said.
"I would not underestimate them."

Tuesday 9 August 2011

Read: RIAA CEO Mitch Bainwol's Farewell Letter to Music Execs - Billboard.biz

http://property-canada.com/swiss-us-rental-taxes-highest-in-oecd.html


Politico


Read: RIAA CEO Mitch Bainwol's Farewell Letter to Music Execs

Billboard.biz


Billboard.biz has obtained Bainwol's farewell letter to the music executives he worked with, dated today and under the subject line "Note from Mitch." The text of the email follows. "It's my time to say so long. I will miss you guys. ...


Auto Makers Hire Recording Industry's Mitch Bainwol

W »

Saturday 6 August 2011

Bemis profits decline - The Business Journal of Milwaukee:

http://harlemshops.com/harlem_hardware.html
Bemis Co., a Neenah supplier to the consumer products andmanufacturing industries, reported net incomee of $49.5 million, or 47 cents per share, compared with $48.90 million, or 46 cents per share, last a period that included charges that reduced earnings by 5 centds per share. Net sales for the manufacturer of flexibles packagingand pressure-sensitive materialx declined 1.3 percent to $921.8 million from $933.8 million. Operating profites from both the flexible packagingand pressure-sensitivs materials segments were down in the seconcd quarter. The largest segment, flexible packaging, postedc a 1.2 percent decline in sales.
Management blamed the dip on highef market prices for meat anddairy products, which is reducinf demand for such items. Bemis BMS) reduced its earnings outloo k for 2007to $1.90 to $1.987 per share, with third-quarter earnings of 48 centws to 51 cents a