Sunday 30 October 2011

National Monument announcement for Fort Monroe likely this week - Daily Press

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Daily Press


National Monument announcement for Fort Monroe likely this week

Daily Press


Although there has been no official announcement, Obama has scheduled a signing ceremony for the designation on Tuesday at 1.45 pm at the White House. Virginia Governor Bob McDonnell welcomed the news in a statement. "This is a great opportunity to ...



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Friday 28 October 2011

“World's First Spherical Flying Machine” Can Land and Fly Almost Anywhere - Mashable

http://www.astanda.com/Download_Desktop/Icons/download36352.html


TPM


“World's First Spherical Flying Machine” Can Land and Fly Almost Anywhere

Mashable


The sci-fi classic Star Wars: A New Hope features a famous scene in which Luke Skywalker practices Jedi Lightsaber skills on a sm »

Wednesday 26 October 2011

Hawker announces furloughs, building closures - Business Courier of Cincinnati:

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In a letter to all employees, Vice Presidenf of Human Resources Rich Jiwanlal said the movez are partthe company’s ongoinfg effort to “resize our company to match the continuing declinez in consumer demand.” One of the measures will be furloughds which will include both product line and plantt specific requirements. The dates for the furloughs will beJune 29-Julty 2, Nov. 23-25 and Dec. The letter informs employees that if vacation or earned time off is not availabld to cover these days then the furloughsd willbe unpaid. Hawker will also be relocating its financeand supply-chain teames back onto the company’s primary headquarters.
This will allow it to closwe twobuildings “off-campus,” the letter There was no announcement regarding any further The company declined to give any more informatio at this time.

Monday 24 October 2011

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

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Founded and headed by Matt Kolb, Pedalo to Properties is a residential real estate firm that givess clients the option of looking at homesdby bicycle. The company maintains a fleet of 50 ElectraCruised bikes. Kolb has sold a 50 percent stake in the companty for an undisclosed sum to attorneyTim Majors, who specializez in taking regional retail businesses national. As a partner in Pedapl to Properties, Majors will work out of the company’x Boulder office. Majors, who’s originally from Perth, approached Kolb about investing in the real estate firm aftere looking at Boulder propertieaby bicycle.
“We certainly plan to incorporate national and international branding expertises to expand Pedal to Properties in other markets,” Kolb said in a statement. Pedak to Properties plans to look at opening brancb officesin other, unspecified U.S. markets. In May, the company launchef a licensee designation for brokers interested in usinf theBoulder business’ operational formula in theid markets.
The Colorado company already is workingb to expand quickly in its hometownn by adding more space and agents indowntown “I believe Pedal to Properties is in a perfecft position to meet the evolving sociao and demographic changes going on in the Uniteed States with homebuyers,” Majors said in a statement.

Saturday 22 October 2011

It's official: Jessica Simpson pregnant - Chicago Tribune

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It's official: Jessica Simpson pregnant

Chicago Tribune


Simpson and her fiance, former NFL player Eric Johnson, are having a baby. Simpson was reportedly holding on to the news until she received a half million dollar payday. It would appear that OK Magazine blinked and threw Simpson the cash for news that ...



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Thursday 20 October 2011

Consumer confidence retreats - Austin Business Journal:

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Nationally, consumer confidence dropped sharpltin June, cutting into three monthsx of gains that had seen the overall indesx more than double. The Conference Board'se Consumer Confidence Index fellby 5.5 points to 49.3 in Statewide, Florida’s consumer confidence index for June fell threer points last month to 68, the resultt of bad economic news including the bankruptcy of Generaol Motors Corp., foreclosures and a spike in Florida’w unemployment rate, according to a new University of Florida poll.
Whilwe Floridians’ perceptions of personal finances compare with a year ago is up three pointas to 44 from a revised May readinvof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economi conditions over the next year fell seven pointsto 65, whilde perceptions of whether it’s a good time to buy big-tickeg items fell nine points to 67. Perceptions of U.S. economid conditions over the next five years remained unchangexdat 80.
"Moving forward, we do not expect Floridq consumer confidence to decline much more over the next couple of barring some unforeseen change here in Floridsaor nationally," Chris McCarty, director of UF’es Survey Research Center at the Bureau of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevejn for some sectors of the economy.
"With the demise of longstanding financial institutions such as Lehmaj Brothers and manufacturing companies like Chryslerand GM, it is no longerd business as usual," he The preliminary index for June was conducted from 430 It is benchmarked to 1966, so a valu e of 100 represents the same level of confidencd for that year.

Monday 17 October 2011

Monday chat wrap - ESPN (blog)

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Monday chat wrap

ESPN (blog)


There seems to be a lot of worry coming from the South Carolina faithful, now that running back Marcus Lattimore is out for the year. Alabama-LSU can't come sooner for some folks. And one Arkansas fan thinks I'm just a hater when it ...



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Saturday 15 October 2011

E&Y's ITEM Club to Cut UK Forecast, Say BOE QE Not Enough - BusinessWeek

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The Guardian


E&Y's ITEM Club to Cut UK Forecast, Say BOE QE Not Enough

BusinessWeek


Oct. 16 (Bloomberg) -- Ernst & Young LLP's ITEM Club will cut its UK growth forecast and say the Bank of England should lower its key interest rate as its expansion of stimulus this month is unlikely to be enough to aid the economy. ...


UK economy 'st »

Thursday 13 October 2011

Bizjournals debuts online business directory - New Mexico Business Weekly:

http://www.contortionist.us/essay.html
The directory is based on proprietary researchfrom bizjournals. It can be sorted by 14 industrgy categories and by business nameor keyword. Bizjournals is the onlinse divisionof , the New Mexico Business Weekly’es parent company. The directory can be accessed from all the home page sof ACBJ’s publications. Users can rate businesses that are included in the submit their own companies for inclusiomn or submit changes toexistiny listings. “With the new Local Business Directory, we’re givingf businesses a new way to connectand succeed,” said Tim president of ACBJ New Media, whicbh oversees bizjournals.
“It ratchets up the value of our local busineszjournal sites, which millions of people alreadu regard as critical to their competitiveness.” Bizjournals operatesa the Web sites for each of American City Business Journals’ 40 print business newspapers and operates a Web-only site with local business news and information for Los Bizjournals’ open-access archives contain 1.25 million businesa news articles and features published since 1996. sites have more than 8 million uniqusemonthly visitors.

Tuesday 11 October 2011

Florida Bank raises $18 million - Wichita Business Journal:

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The Tampa-based parent companyh for Florida Bankraisec $18.3 million in a rights offering, which “strategically positions the companuy to take advantage of growth opportunities,” the company announced Tuesday. The completed offerinhg surpassed offerings tracked by SNL Financial from public banks based in Floridathis year, which ranged from $428,00 0 to nearly $11 million as of May 31. Floridaa Bank Group is a privatre bank. “Most banks in the United States and in Florida need to raise additionalequitt capital.
It is particularly difficult for them to do so as many have had negative earnings in 2008 and first quarter 2009 and the market prices for publicly held bank stocks are tradiny at record low prices in terms of the ratiio of market price to tangible book value,” said Ben chairman of Jacksonville-based investment banker Allen C. Ewing & Co. “In regards to the Floridaa BankGroup offering, this offering was very successful in that they apparentlyh raised $18 million, or 90 percent of their targer raise of $20 million, especially in these existinh market conditions.” Florida Bank has threde branches in Jacksonville and 16 throughout the state.
Prio r to the completed equity Florida Bank had atotal risk-based capitalp ratio of 11.7 percent as of March 31, according to the Federal Deposit Insurance Corp. Regulatorxs require that ratio to be at least 10 percent in ordeer for the bank to beconsidereed “well-capitalized.” The bank grew total assets by 64.3 percent to $858.3 millionj in the first quarter compared to a year Total loans increased 51.4 percent to nearly $665.8 milliom and total deposits jumpede 85.2 percent to $687.5 million during that same period.
“This infusion of new capital is a vote of confidence from our existing shareholdersw that will allowFBG (Florida Bank to enhance its financial strength and even further distinguisu itself among other banks in the market said the company’s Chairmabn and CEO, Robert Rothman, in the announcement. “Thisd economic climate offers unique opportunities to grow and increased our customer base as consumers and businesses are seeking strong, safe banking institutions.

Sunday 9 October 2011

Real deals: Airways Business Center sells for $7.27M - Baltimore Business Journal:

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County records show that the located at 2460Airport Blvd., includes 162,00o square feet of space and was completed in 2007. The buye r is El Prado Inn LLC ofSantaa Barbara, Calif. The four sellers are led by Pacifica Commerciall RealEstate Group, also of Santa as Pacifica Airways II LLC. Pacifica’sx portion of the sales price was $4.75 The three other sellers were California entities locatedcin Altadena, Los Angeles and Santa which each sold its part of the property for The partners acquired the warehouse in 2008 for $8.5t million from Principal Development Investorx LLC of Des Moines, • 2305 Tremont Place, Denverr 80205 — Focus Investments Ltd.
of Denver has sold this retail buildingh at Tremont and Park Avenue Westfor $1 million to Tremontr Holdings LLC of Broomfield, according to Broomfield Countu real estate records. • 3800 S. Federal Englewood 80110 — A company affiliatef with Denver developer Evan Makovskgy of Shames MakovskyRealty Co. has purchased propertyy in Englewoodfor $950,000, accordinv to Arapahoe County real estate records. The selledr was First National • The Carillon at Boulder Creek, Boulder — Developer MGL Partners LLC of Denverf recently closeda $41.1 million construction loan for this senior-living project currently under construction.
The loan is part of the FederaplHousing Administration’s (FHA) 232 loan program, and was originate by AmeriSphere Financial LLC and purchased by Evanstonb Financial Corp. The Carillon is schedulexd to be completed by late summerof 2010. Its operatingb partner is One Eighty LLCof Seattle. Shops at Walnut Creek, U.S. Highway 36 and Churcjh Ranch Boulevard, Westminster — Pine Tree Commercial Realthy LLCof Illinois, owner of this new shoppintg center, welcomed three new tenants in Aprip — Dollar Tree (10,000 square Famous Footwear (7,200 square feet) and Pacific Dentapl (3,000 square feet). • Taxi, 3455 Ringsby Denver 80216 — Pilates Aligned Inc.
has opened its new locationj at ZeppelinDevelopment Inc.’sx mixed-use Taxi project in the River Nortuh Neighborhood. The Pilates exercise studio’ds first location is at 1110 Acoma St. in the Golden Triangle. DecorAsian, 1787 S. Broadway, Denvedr 80210 — This store recentlyy opened in the old ChairKing location. Owner Rust Staff bought the building from Brownell Bailey in Februaryfor $1.2t5 million, according to Denver Countyu property records.

Friday 7 October 2011

Bank Midwest parent gets $146M from Treasury program - Tampa Bay Business Journal:

http://www.helmitechnologies.com/tech_showcase/technology-showcase-remoteapps-ltd.html
Kansas City-based Dickinson is the privately owned holding companyfor , and four otherd affiliate banks throughout the United States. The banks have combinedc assets ofabout $6.1 Bank Midwest had $4.2 billion in assets on 30 and a 0.42 percent returmn on assets. The bank had $3.3 billion in net loane and leases asof Sept. 30 and $95.1 milliob of assets in nonaccrual status. Dickinson said in a release that it intendsa to use the Treasury proceedsfor “generaol corporate purposes, including additional capital to suppory its lending operations across all six of its bankinv subsidiaries.
” “We believe that our participation in the Treasury’as Capital Purchase Program is a prudent step during theser uncertain economic times,” Dickinson CEO Rick Smalleu said in the release. “This cost-effectivse capital further strengthens our solid capitao position and will enhance our efforts to emerge from this environmengt as an even strongerfinancial institution.” Dickinso n said in the release that each of its banks was considere d “well capitalized” by regulatory guidelines as of Dec. 31. Dickinso also recently entered into an agreement to sell its basedin Tampa, Fla., to (Nasdaq: NEWS), accordin to a Jan. 8 news releas e from NewStar.
The purchase price is contingent on theclosinyg date, potential changes in tangiblwe book value and other considerations. Based on Southermn Commerce Bank’s $218 million in assets on Nov. 30, NewSta said the purchase price would be somewherbetween $17.5 million and $19 The closing is subject to regulatory approvals. Bank Midwest ranksz No. 5 on the Kansas City Business Journa ’s list of area based on market shareof deposits.

Tuesday 4 October 2011

Markets close lower Wednesday - Pittsburgh Business Times:

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The Dow Jones Industrial Average closed at down 52.81 points or 0.62 percent. Nasdaq, at was off 6.70 points or 0.39 percent. Resultzs were mixed for a cross-section of Pittsburgh U.S. Steel Corp. saw the biggest percentage U.S. Steel (NYSE:X), finished trading at $31.26 per share, up 4.38 percent. WESCO International Inc. saw the deepest percentage drop, down 4.90 percentr to $25.40. Alcoa Inc. down 2.07 percent to $9.48u Allegheny Energy Inc. (NYSE:AYE), down 0.29 percent to $24.43 Alleghen y Technologies Inc. (NYSE:ATI) up 3.05 percenr to $36.80 American Eagle Outfitters Inc. (NYSE:AEO), down 1.69 percentg to $13.96 Bank of New York Mellon (NYSE:BK), down 3.68 percent to $26.
690 CONSOL Energy Inc. (NYSE:CNX), up 1.71 percent to $39.75 Dick’s Sportinvg Goods (NYSE:DKS) down 0.43 percent to $18.59 Federate Investors Inc. (NYSE:FII), down 4.01 percent to $22.24 Firstg Niagara Financial Group Inc. (NYSE:FNFG), down 1.96 percenty to $12.02 H.J.Heinz Co. down 0.45 percent to $35.52 Kennametaol Inc. (NYSE:KMT), up 0.38 percent to $18.5w3 Koppers Holdings Inc. (NYSE:KOP), up 4.14 percent to $24.38 Myla Inc. (Nasdaq:MYL), down 0.08 percen t to $12.38 PNC Financial Services Group Inc. (NYSE:PNC), down 2.77 percent to $42.06 PPG Industriesa Inc. (NYSE:PPG), up 1.88 percent to $45.50 WABTEC (NYSE:WAB), down 0.61 percent to $35.
999

Sunday 2 October 2011

URA re-releases RFP for Heppenstall site in Lawrenceville - Memphis Business Journal:

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The URA is re-releasing a request for proposala after its previously chosen Urban Villages working with Botero Development decidexd not to go forwarx withthe project. Urban Villages and Botero were selected over oneothee finalist, S&A Homes, in partnership with the Lawrenceville a community nonprofit. The football field-sizedf parcel includes the site on which the offics building for the Heppenstalol plant once was located as well as a formerwarehouse property. In a prepared statement, mayor Luke Ravenstaho describedthe property’s redevelopment as an importanr part of the city’s larger revisioning of the Alleghen riverfront.
“We have begun a planning procesas to create a vision for the Alleghenyh riverfront and reconnect our neighborhoods to ournaturalp amenities,” he said. "The Hatfield Street site is one of the greag opportunities to see this vision come to The URA wants adeveloper “to design, develop and operate or resell the The URA’s effort comes as the Regional Industrial Development Corporation (RIDC) continues to redevelop the Heppenstall complex itself. Hatfield Street is considered a dividingf line betweenthe neighborhood’s residential community and its industria zone.
As a selling point, the URA notes that the medianh home price in central Lawrencevill e has increased 64 percent in the pastthrede years, a growth rate it claims is seconf highest in the city to the Southh Side. “We are excited with the real estate appreciationm that were seeing inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrenceville “And (we’re) very excited about the prospect of a new residentia l product and how that will add fuel to the