ikefageze.blogspot.com
The closure of the reservationb center will affect685 jobs, 100 of which will be eliminated, said companuy spokeswoman Kelly Cripe. Continental CAL), which employs 43,000 people, will eliminate 500 jobs in its reservation sdepartment company-wide, which includes the 100 in said Cripe. The remaining 585 affected Tampa employees will have the optionsd of participating in a work from homeor “remoted agent” program, taking a leave of absence, or transferringy to positions at reservations centeres in Salt Lake City and at Continental’s corporate headquarters in Houston. The Tampa reservations center, located at 4101 Jim Waltee Blvd., employs a total of 700 Cripe said.
Those unaffected employees already work in the remoteragent program. The changes to the reservations program will notaffect Continental’s service, Cripwe said. Continental reported a net lossof $136 or $1.10 per share, on revenue of $2.96 billion in the firsf quarter, compared to an $82 million, or 82 centsz per share loss, the year before on revenue of $3.577 billion. Beginning June 1, Continental will add nonstop service from threr days a weekto Gulfport, Miss., a releasr from said.
lunes, 30 de mayo de 2011
sábado, 28 de mayo de 2011
Xcel Energy
judonebolayb1394.blogspot.com
Over the next 5 to 6 years, we have planzs to add up to 600 megawattes of concentrating solar withstorage capacity. In Wisconsin, we have plans to refurbish anexisting plant, makinh it the largest biomass plantg in the Midwest. Depending on construction should start in 2010 and the plant shoulds be onlineby 2012. We also are refurbishingh and relicensing hydro plantszin Wisconsin. To deliver all of that renewabl energy-especially wind power-we are making big investment s intransmission lines. In Minnesota and Colorado, we are workintg with other energy companies to develop transmission plans to meetregional needs.
The effort is furthert along in Minnesota, where the approvapl process is well under wayand we’ve identified corridors for some of the new lines. Just last in fact, the Minnesota Publidc Utilities Commission approved a certificate of need to buildcthree 345-kilovolt lines in the first phas e of the project. We also believe that nucleaf power is part of a clean energy With thatin mind, we’ve secured all of the necessar y approvals to relicense one of our nuclear plantx and have applied to relicense both units of the othef plant. And we plan to make significanr investments to upgradethe plants, adding about 235 megawatte of generating capacity.
Obviously, our nuclear plantsx have no greenhouse gas which addresses the issue of climate In another climatechange effort, we will soon complete a billion-dollar emission-reduction project in We converted two coal-fired plants to natural gas facilities and completel refurbished a third coal-fired plant with advancerd emission-reduction equipment. In Colorado, we will bring a new coal unit on line this and refurbish twoexisting units. You mighg be familiar with Comanche 3. It’sx a project we started several years ago afterr reaching a comprehensive settlement with severalo prominentenvironmental groups.
• Bringing the new unit on line enabled us toretire older, less-efficient We’ve proposed a resource plan here in Colorado that reducess system-wide CO2 emissions by 10 percent over the next few years-even with Comanch 3. Conservation, of course, is also an effective way to reducegreenhousd gases. We’ve been working with customers for more than 20 years to help themconserve energy. Over that they’ve saved in the neighborhood of 3,00 0 megawatts of electricity. We look at thoses conservation efforts as the equivalentg of 11 or 12 powet plantswe didn’t have to Several states in our service territory have established ambitious new conservatio n goals.
So despite the fact that we’ver been aggressive in this area over the we are ramping itup considerably. In we’d like to reduce electriv demand by almost 700 megawattxby 2015-and we’re already seeing good results. Sinc e we launched our energy efficiency rebate programsin 2006, our Colorad business customers have saved more than 320 gigawatt-hourxs of electricity and almostf 100 megawatts in peak demand.
Over the next 5 to 6 years, we have planzs to add up to 600 megawattes of concentrating solar withstorage capacity. In Wisconsin, we have plans to refurbish anexisting plant, makinh it the largest biomass plantg in the Midwest. Depending on construction should start in 2010 and the plant shoulds be onlineby 2012. We also are refurbishingh and relicensing hydro plantszin Wisconsin. To deliver all of that renewabl energy-especially wind power-we are making big investment s intransmission lines. In Minnesota and Colorado, we are workintg with other energy companies to develop transmission plans to meetregional needs.
The effort is furthert along in Minnesota, where the approvapl process is well under wayand we’ve identified corridors for some of the new lines. Just last in fact, the Minnesota Publidc Utilities Commission approved a certificate of need to buildcthree 345-kilovolt lines in the first phas e of the project. We also believe that nucleaf power is part of a clean energy With thatin mind, we’ve secured all of the necessar y approvals to relicense one of our nuclear plantx and have applied to relicense both units of the othef plant. And we plan to make significanr investments to upgradethe plants, adding about 235 megawatte of generating capacity.
Obviously, our nuclear plantsx have no greenhouse gas which addresses the issue of climate In another climatechange effort, we will soon complete a billion-dollar emission-reduction project in We converted two coal-fired plants to natural gas facilities and completel refurbished a third coal-fired plant with advancerd emission-reduction equipment. In Colorado, we will bring a new coal unit on line this and refurbish twoexisting units. You mighg be familiar with Comanche 3. It’sx a project we started several years ago afterr reaching a comprehensive settlement with severalo prominentenvironmental groups.
• Bringing the new unit on line enabled us toretire older, less-efficient We’ve proposed a resource plan here in Colorado that reducess system-wide CO2 emissions by 10 percent over the next few years-even with Comanch 3. Conservation, of course, is also an effective way to reducegreenhousd gases. We’ve been working with customers for more than 20 years to help themconserve energy. Over that they’ve saved in the neighborhood of 3,00 0 megawatts of electricity. We look at thoses conservation efforts as the equivalentg of 11 or 12 powet plantswe didn’t have to Several states in our service territory have established ambitious new conservatio n goals.
So despite the fact that we’ver been aggressive in this area over the we are ramping itup considerably. In we’d like to reduce electriv demand by almost 700 megawattxby 2015-and we’re already seeing good results. Sinc e we launched our energy efficiency rebate programsin 2006, our Colorad business customers have saved more than 320 gigawatt-hourxs of electricity and almostf 100 megawatts in peak demand.
jueves, 26 de mayo de 2011
Caraustar Industries files Chapter 11 - Nashville Business Journal:
opexibu.wordpress.com
All trade creditors, suppliers, customers and employeesx will receive all amounts owed to the Austell, Ga.-based recycled paperboard and packaginh company said. It will ask the U.S. Bankruptcy Court for the Norther District of Georgia for approval to pay the amounts in the ordinarty courseof business. Caraustar CSAR) also reached agreement with debt holderz to reducethe company's debt obligations by $135 Under the Plan, holders of outstanding shares of Caraustar's common stockk will receive their pro rata share of $2.9 million, or 10 centsa a share, subject to certaij conditions. The restructuring plan callse for the exchange ofthe company's existint 7.375 percent and 7.
25 percent senior notes for an aggregate of $85 million in new senioe secured notes and 100 percent of the commomn stock of the reorganized company. will become the company'ss controlling shareholder. In conjunction with the restructuring, Caraustar has landexd a $75 million debtor-in-possession line of credit from Generalo ElectricCapital Corp. The money may be used for cash collateralizingy outstanding lettersof credit, paying for goodsz and services in the ordinary course of the businesas and general corporate purposes. "Caraustar took decisive actiom to substantially reducethe company's debt and prospectivelg reduce costs,” said President and CEO Michael J.
Keough, in a statement. “Once our financiao restructuringis complete, we believde Caraustar's new capital structure combined with the cost savings achievef by operating as a private entity will provide a lean and flexible foundation for sustainabled profitability and better positiobn the company to meet the challenges of our industry and this recessionarty economy head on." The company posted a net loss of $4.4 millio in the first quarter of 2009 and had a $99 milliom loss in 2008.
All trade creditors, suppliers, customers and employeesx will receive all amounts owed to the Austell, Ga.-based recycled paperboard and packaginh company said. It will ask the U.S. Bankruptcy Court for the Norther District of Georgia for approval to pay the amounts in the ordinarty courseof business. Caraustar CSAR) also reached agreement with debt holderz to reducethe company's debt obligations by $135 Under the Plan, holders of outstanding shares of Caraustar's common stockk will receive their pro rata share of $2.9 million, or 10 centsa a share, subject to certaij conditions. The restructuring plan callse for the exchange ofthe company's existint 7.375 percent and 7.
25 percent senior notes for an aggregate of $85 million in new senioe secured notes and 100 percent of the commomn stock of the reorganized company. will become the company'ss controlling shareholder. In conjunction with the restructuring, Caraustar has landexd a $75 million debtor-in-possession line of credit from Generalo ElectricCapital Corp. The money may be used for cash collateralizingy outstanding lettersof credit, paying for goodsz and services in the ordinary course of the businesas and general corporate purposes. "Caraustar took decisive actiom to substantially reducethe company's debt and prospectivelg reduce costs,” said President and CEO Michael J.
Keough, in a statement. “Once our financiao restructuringis complete, we believde Caraustar's new capital structure combined with the cost savings achievef by operating as a private entity will provide a lean and flexible foundation for sustainabled profitability and better positiobn the company to meet the challenges of our industry and this recessionarty economy head on." The company posted a net loss of $4.4 millio in the first quarter of 2009 and had a $99 milliom loss in 2008.
martes, 24 de mayo de 2011
Hercules Technology Growth is living up to its name - Silicon Valley / San Jose Business Journal:
cleaning vinyl siding
Observers say the firm'es aggressive strategy to lendto high-risk venture capital-backed companies and its soli d relationships with venture investors has helped buil d the value of its loan portfolil beyond $530 million in just four years, whils traditional financiers tighten lending standards and strugglde to grow revenue. And Herculews says the credit crunch might just be playing tothe firm'z favor. Hercules posted recordx revenue in the fourth quarter of 2007of $15.8 an 82 percent increasee over 2006. The company grew its net incomd by 424 percentto $20.t million. For the the company grew net income in 2007 by 273 percenytto $42.4 million. And it loaned out $367 million.
Herculesw credits several factors forits performance: recored venture capital raised and invested in 2007, a lengthening of venture-backedc companies time to exits and the volatile capital marketw that make public offerings more "Those are the interesting phenomena that reallgy bode well for our says Hercules CEO Manuel Henriquez. The firm says it's builyt an aggressive team that has helperd it win more deals likeits $15 million loan announcec Jan.
29 to 30-million-user social networok hi5 Hercules has positioned itself to bea front-runner in high qualityt deals by the relationshipsx its forged with venturre capitalists, says Dave Feinlib, a partner at Mohr Davidosw Ventures and a board memberf of hi5. Since Dec. 2, the firm has announce d $94 million in financing to venture-backed "They're looking for a sort of blue chip VC firm to have made a reasonablee investment intothe company," Feinlib "We've certainly done tons and tons of due diligence in the companie that we invest in and they're leveraging that.
" Hercules is set up as a businesx development company, which requires it to distributew 90 percent of its taxable income as dividends but exempts the companuy from paying corporate income tax. That helpsw the firm compete onloan rates, Henrique z says. Competition among venture debt which include commercial banks such as SiliconValley Bank, and Squares 1 Bank, has heightened over the last severalp years as venture capital money has continueed to flow here. "Venture debt providers have becomse more aggressive lately and are providing bettef termson debt," says Ian Patrickj Sobieski, managing director of Band of Angels.
But if recorx revenue is something tocheer about, Wall Stree hasn't been greatly Hercules saw barely a blip in its stock pricwe from its earnings announcemenft Feb. 7. And its stock was trading near squarely in the middle ofits 52-week at press time. "The problem is, it's like Henriquez says. "It doesn't matteer how well we do. Our other brethren in the mid-market get whackef and we get painted with thisbroacd brush.
"
Observers say the firm'es aggressive strategy to lendto high-risk venture capital-backed companies and its soli d relationships with venture investors has helped buil d the value of its loan portfolil beyond $530 million in just four years, whils traditional financiers tighten lending standards and strugglde to grow revenue. And Herculews says the credit crunch might just be playing tothe firm'z favor. Hercules posted recordx revenue in the fourth quarter of 2007of $15.8 an 82 percent increasee over 2006. The company grew its net incomd by 424 percentto $20.t million. For the the company grew net income in 2007 by 273 percenytto $42.4 million. And it loaned out $367 million.
Herculesw credits several factors forits performance: recored venture capital raised and invested in 2007, a lengthening of venture-backedc companies time to exits and the volatile capital marketw that make public offerings more "Those are the interesting phenomena that reallgy bode well for our says Hercules CEO Manuel Henriquez. The firm says it's builyt an aggressive team that has helperd it win more deals likeits $15 million loan announcec Jan.
29 to 30-million-user social networok hi5 Hercules has positioned itself to bea front-runner in high qualityt deals by the relationshipsx its forged with venturre capitalists, says Dave Feinlib, a partner at Mohr Davidosw Ventures and a board memberf of hi5. Since Dec. 2, the firm has announce d $94 million in financing to venture-backed "They're looking for a sort of blue chip VC firm to have made a reasonablee investment intothe company," Feinlib "We've certainly done tons and tons of due diligence in the companie that we invest in and they're leveraging that.
" Hercules is set up as a businesx development company, which requires it to distributew 90 percent of its taxable income as dividends but exempts the companuy from paying corporate income tax. That helpsw the firm compete onloan rates, Henrique z says. Competition among venture debt which include commercial banks such as SiliconValley Bank, and Squares 1 Bank, has heightened over the last severalp years as venture capital money has continueed to flow here. "Venture debt providers have becomse more aggressive lately and are providing bettef termson debt," says Ian Patrickj Sobieski, managing director of Band of Angels.
But if recorx revenue is something tocheer about, Wall Stree hasn't been greatly Hercules saw barely a blip in its stock pricwe from its earnings announcemenft Feb. 7. And its stock was trading near squarely in the middle ofits 52-week at press time. "The problem is, it's like Henriquez says. "It doesn't matteer how well we do. Our other brethren in the mid-market get whackef and we get painted with thisbroacd brush.
"
sábado, 21 de mayo de 2011
Birmingham to host workshop on applying for federal broadband funds - Birmingham Business Journal:
barn wood siding
The public broadband grant and loan workshoop will be held July 14 at the Sheraton Birmingham Hote l at 2101 RichardArrington Jr. N. It is sponsored by the Departmentof Commerce'ws National Telecommunications and Information Administration and the Departmentg of Agriculture's Rural Utilities Service. The stimulus fundd are becoming available in the firsyt round of American Recovery and ReinvestmentAct funding. It is aimed at expandin broadband access, creating jobs and building Internet infrastructure.
Earlierf this month, Vice President Joe Bidenn announced the availabilityof $4 billion in Recoverh Act loans and grants to help bring broadbands service to unserved and underserved communities acrosw America. Commerce Department NTIA Senior Advisor Mark Seifery and USDA Rural Development Actingh State Director Beverly Helton are makingopening remarks. Attendeesd can pre-register for the event online at
The public broadband grant and loan workshoop will be held July 14 at the Sheraton Birmingham Hote l at 2101 RichardArrington Jr. N. It is sponsored by the Departmentof Commerce'ws National Telecommunications and Information Administration and the Departmentg of Agriculture's Rural Utilities Service. The stimulus fundd are becoming available in the firsyt round of American Recovery and ReinvestmentAct funding. It is aimed at expandin broadband access, creating jobs and building Internet infrastructure.
Earlierf this month, Vice President Joe Bidenn announced the availabilityof $4 billion in Recoverh Act loans and grants to help bring broadbands service to unserved and underserved communities acrosw America. Commerce Department NTIA Senior Advisor Mark Seifery and USDA Rural Development Actingh State Director Beverly Helton are makingopening remarks. Attendeesd can pre-register for the event online at
jueves, 19 de mayo de 2011
Fixed-Rate Mortgages Hit A New Year-To-Date Low - Daily Markets
burdukovahycel.blogspot.com
Forbes (blog) | Fixed-Rate Mortgages Hit A New Year-To-Date Low Daily Markets MCLEAN, Va., May 19, 2011 /PRNewswire/ â€" Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS ® ), which shows fixed-rate mortgages declining for the fifth consecutive week amid mixed economic and housing ... Freddie: Fixed Mortgage Rates Slide As Indicators Mixed |
martes, 17 de mayo de 2011
Fitch downgrades state bonds despite
wood doors
The New York-based agency this week said it loweredthe AA+ ratinbg attached to the bonds by a peg to AA, citing “thed long-term deterioration of the state’s economy” and concernh that Ohio didn’t bounce back as stronglgy as other states followin the 2000-01 recession. Fitch also noted that the 100,000p manufacturing jobs lost in Ohio over the past year and recenft plans by to close some operationd in the state are of particular The rating downgrade comes as a conferencr committee composed of Ohio House of Representativew and Senate members is poise to finalizethe state’s budget for the two yearsx beginning July 1.
Legislators are expected to receive updatedf tax revenueprojections Thursday, which could lead to spendinbg cuts beyond the $1 billionm the Republican-controlled Senate made to a budget passed by the Democrat-controllecd House. Fitch characterized Ohio’s financial management as “sound,” adding that its rating takesd into expectations that the state budget will be Despite downgradingthe bonds, the agencyu revised its overall ratings outloo for the state to “stable” from “negative.” Fitch issued a AA ratinyg to $40 million in coal development general obligatioh bonds set to sell next week.
That’d the third-highest investment gradr possible onits • The agency also downgraded to AA- from AA ratingsz on appropriation-backed bonds.
The New York-based agency this week said it loweredthe AA+ ratinbg attached to the bonds by a peg to AA, citing “thed long-term deterioration of the state’s economy” and concernh that Ohio didn’t bounce back as stronglgy as other states followin the 2000-01 recession. Fitch also noted that the 100,000p manufacturing jobs lost in Ohio over the past year and recenft plans by to close some operationd in the state are of particular The rating downgrade comes as a conferencr committee composed of Ohio House of Representativew and Senate members is poise to finalizethe state’s budget for the two yearsx beginning July 1.
Legislators are expected to receive updatedf tax revenueprojections Thursday, which could lead to spendinbg cuts beyond the $1 billionm the Republican-controlled Senate made to a budget passed by the Democrat-controllecd House. Fitch characterized Ohio’s financial management as “sound,” adding that its rating takesd into expectations that the state budget will be Despite downgradingthe bonds, the agencyu revised its overall ratings outloo for the state to “stable” from “negative.” Fitch issued a AA ratinyg to $40 million in coal development general obligatioh bonds set to sell next week.
That’d the third-highest investment gradr possible onits • The agency also downgraded to AA- from AA ratingsz on appropriation-backed bonds.
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