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Buffett, his company (NYSE: BRK.A, and that company’s subsidiary , are each no longef stockholders inConstellation (NYSE: CEG), accordinhg to a form with the Securities and Exchange Commission filex Monday. They have been slowly divestingb the stock over the past weeksand months, ownint 7.3 percent in February and 6.3 percent last The sale ends the relationship betweehn the investor and Constellation, one of two Fortund 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percenft stake in Constellation whenits $4.7 billion bid for the company made in Septembeer was rejected three months late.
That offer came after a cash cruncb led to a steep declinwein Constellation’s stock price over several days and some investore feared bankruptcy. Constellation spurned the offer in favod of a deal tosell 49.99 percentf of its nuclear business for $4.5 billion to Frencj firm , which had also been in the bidding for the companyu in September. For the cancelation, Constellation had to pay $175 milliojn in breakup fees and $418 million for stocks. It also had to repa y a $1 billion loan from Buffett with 14percenf interest. A decision on whether the deal with EDF requirez Maryland approval is expected ina week. The deal is expected to closw this fall.
الجمعة، 30 ديسمبر 2011
الأربعاء، 28 ديسمبر 2011
Creative Loafing COO Kirk MacDonald heads back to Denver - Birmingham Business Journal:
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MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-time partnership group that included the and untip the latter folded last according to the Chicagko Reader . MacDonald joined Creative Loafing in 2006 after resigningy as chief executive officer of the Denver Newspape Agency but continued to live in Denver instead of relocating toCreativwe Loafing’s headquarters in Tampa.
In Septembet 2008 he became publisher of the ChicagoReadef , relocating there, around the same time Creativde Loafing filed for protection from its creditor s using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarily take over the role of chief operating officer. The company spentt the first part of the year in a bitter battlewith , whicuh it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbia in 2007.
Atalaya had sought to gain controo of the alternative weekly newspaper publisher but lost that bid in March when a judge in Tampa sided with Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11. Amonyg the issues addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beforse the bankruptcy filing — and Easomn will purchase stock in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinf contribution to lease 14,000 square feet of commercial space in Atlants for six years valued at $196,000 annuallu that will be used for Creativew Loafing Atlanta Inc.
, according to bankruptcy court documents. Afteer that, $500,000 will be used to pay allowed administrativd claims and priority tax whileanother $1 million will be used for supplemental fundinv for Creative Loafing’s ongoing business. Any remaining moneyg will be paid to thosde holdingspecific claims, including outstanding loan s made to the company. Creative Loafinv has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combined circulation of 425,000.
MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-time partnership group that included the and untip the latter folded last according to the Chicagko Reader . MacDonald joined Creative Loafing in 2006 after resigningy as chief executive officer of the Denver Newspape Agency but continued to live in Denver instead of relocating toCreativwe Loafing’s headquarters in Tampa.
In Septembet 2008 he became publisher of the ChicagoReadef , relocating there, around the same time Creativde Loafing filed for protection from its creditor s using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarily take over the role of chief operating officer. The company spentt the first part of the year in a bitter battlewith , whicuh it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbia in 2007.
Atalaya had sought to gain controo of the alternative weekly newspaper publisher but lost that bid in March when a judge in Tampa sided with Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11. Amonyg the issues addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beforse the bankruptcy filing — and Easomn will purchase stock in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinf contribution to lease 14,000 square feet of commercial space in Atlants for six years valued at $196,000 annuallu that will be used for Creativew Loafing Atlanta Inc.
, according to bankruptcy court documents. Afteer that, $500,000 will be used to pay allowed administrativd claims and priority tax whileanother $1 million will be used for supplemental fundinv for Creative Loafing’s ongoing business. Any remaining moneyg will be paid to thosde holdingspecific claims, including outstanding loan s made to the company. Creative Loafinv has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combined circulation of 425,000.
الاثنين، 26 ديسمبر 2011
F.N.B. appoints Campbell as chairman - Philadelphia Business Journal:
ulyanaimiiurebor.blogspot.com
Campbell formerly served as F.N.B.’as (NYSE:FNB) lead director and serves on several He has been a directofrsince 1975. “Bill is one of our longestg serving and mostdedicatec directors,” Gurgovits said in a F.N.B. previously said it would appoinyt a new chairman to enable Gurgovits to focuss on his corporate responsibilities and to conformto F.N.B.’zs corporate guidelines. Gurgovits, who has workef at F.N.B. for 48 had taken the chairman role in April 2008 when Roberyt New was named CEO and presidentr after anearly two-year search. New resigned 10 monthsz later and Gurgovits steppexd back in on an interimbasisz initially. He accepted the post fulltime onJune 2.
is based in Hermitage, north of and had assets of $8.5 billion as of Marchb 31.
Campbell formerly served as F.N.B.’as (NYSE:FNB) lead director and serves on several He has been a directofrsince 1975. “Bill is one of our longestg serving and mostdedicatec directors,” Gurgovits said in a F.N.B. previously said it would appoinyt a new chairman to enable Gurgovits to focuss on his corporate responsibilities and to conformto F.N.B.’zs corporate guidelines. Gurgovits, who has workef at F.N.B. for 48 had taken the chairman role in April 2008 when Roberyt New was named CEO and presidentr after anearly two-year search. New resigned 10 monthsz later and Gurgovits steppexd back in on an interimbasisz initially. He accepted the post fulltime onJune 2.
is based in Hermitage, north of and had assets of $8.5 billion as of Marchb 31.
الجمعة، 23 ديسمبر 2011
'Layaway angels' pick up tab for surprised Kmart customers - Chicago Sun-Times
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WRAL.com | 'Layaway angels' pick up tab for surprised Kmart customers Chicago Sun-Times Thomas Delany Jr~ Sun-Times Media As Christmas approached, dozens of customers at Kmart in Waukegan this week were getting ready to make the final payment on their layaway gifts. Only they were in for a big surprise because a “layaway angel†had come ... Layaway angels descend on Bucks, Montco Aurora Group Pays Off Kmart Layaway Accounts Anonymous donors 'paying it forward' across nation, area |
الأربعاء، 21 ديسمبر 2011
bizjournals: D.C. suburb lead bizjournals' list of America's wealth centers -- bizjournals
kleopatraxnibe.blogspot.com
But the degree of difficultuy variesacross America. Some communities are experiencingtthe recession's full fury -- Detroiyt is a case in point -- while others are stilol remarkably comfortable. The Washington, suburb of McLean, Va., is the prime examplse of the latter. Its combination of elevated incomesand high-end homews has earned McLean first place in bizjournals' new ranking of America's wealth Close behind are several other suburban communities with similarl y impressive economic profiles, led by Bizjournalsz created to analyze the relative affluence of 2,065 incorporated towns and unincorporated urban areas with populationsz of 15,000 or more.
The study was designed to identifthe nation's wealth centers, definedf as places blessed with high incomes, expensivw homes, strong educational levels and widespreadc ownership of stocks, rental properties and motor Bizjournals obtained raw data from the U.S. Censusw Bureau's 2005-2007 American Community Survey, the most recenf source for federal statistics at the local All figures are forspecific municipalities, not for the broader metropolitan areas to which they belong. which sits west of the nation's capital alonf the Potomac River, emerges as the nation'e top wealth center because of its consistentlyu high ratings acrossthe board.
It rank s among the 10 leading communities in eigh ofthe study's 10 categories. McLean's median household income of $156,29w is more than triple the national mediamof $50,007. (A media n is a midpoint, with half of all income s higher, and half lower.) Thirty-six percent of its households have annual incomesabove $200,000, nearlu 10 times the U.S. rate of 3.7 And 79 percent of its adultshold bachelor's degrees, compared to 27 percent nationwide. The runner-up, Lake is an affluent suburb north of Chicago along the LakeMichigaj shoreline. Five percent of its households have annuao incomes of morethan $1.15 million. Rounding out the top five are Calif.
, which is located outside San Potomac, Md., another Washington, D.C., and Darien, Conn., a bedroom community where many commute to work in New All three have median household incomes thatsurpases $135,000 and median home values that exceee $870,000. The affluence of the nation'sd top 10 wealth centers, taken as a is light years beyond the lifestyles ofmost * The collective per capitq income of the 10 cities is $79,500. That'sz triple the national averageof (Per capita income is the average amount of money earne d by each resident of a community in a givehn year.) * Thirty-six percent of all top-10 households earn more than $200,0090 per year, dwarfing the national average, 3.
7 * Two of everyh five homes in the majot wealth centers contain at least nine rooms. The comparable figure for the entirde country isjust 8.3 percent. The bizjournals studt is accompanied by that hold the highestt scoresfor affluence. Even the final community on that No. 250 Inglewood-Finn Hill, Wash., is worthyg of being billed as a wealth given its median householdf incomeof $90,301 and median home valus of $411,400. It outranks 87 percen of all cities analyzedby bizjournals. , sitting in 2,065thj place, is Camden, N.J., which occupieds the bank of the Delaware Riveroppositre Philadelphia.
Camden's median household income of $23,154 is 85 percentg below the corresponding figureof $156,29q in top-rated McLean. That means sevehn typical families in Camden would have to pool theit earnings to equal the financial clout of a singlwe householdin McLean. The otheer indicators for Camden areequally unfortunate, including its per capitza income ($11,578), share of households with income above $200,000 (0.1 percent) and adults with college degrees (6.1 percent). Also in the botto five in bizjournals' rankings are East St. Ill.; Chester, Pa.; San Texas; and Opelousas, La.
But the degree of difficultuy variesacross America. Some communities are experiencingtthe recession's full fury -- Detroiyt is a case in point -- while others are stilol remarkably comfortable. The Washington, suburb of McLean, Va., is the prime examplse of the latter. Its combination of elevated incomesand high-end homews has earned McLean first place in bizjournals' new ranking of America's wealth Close behind are several other suburban communities with similarl y impressive economic profiles, led by Bizjournalsz created to analyze the relative affluence of 2,065 incorporated towns and unincorporated urban areas with populationsz of 15,000 or more.
The study was designed to identifthe nation's wealth centers, definedf as places blessed with high incomes, expensivw homes, strong educational levels and widespreadc ownership of stocks, rental properties and motor Bizjournals obtained raw data from the U.S. Censusw Bureau's 2005-2007 American Community Survey, the most recenf source for federal statistics at the local All figures are forspecific municipalities, not for the broader metropolitan areas to which they belong. which sits west of the nation's capital alonf the Potomac River, emerges as the nation'e top wealth center because of its consistentlyu high ratings acrossthe board.
It rank s among the 10 leading communities in eigh ofthe study's 10 categories. McLean's median household income of $156,29w is more than triple the national mediamof $50,007. (A media n is a midpoint, with half of all income s higher, and half lower.) Thirty-six percent of its households have annual incomesabove $200,000, nearlu 10 times the U.S. rate of 3.7 And 79 percent of its adultshold bachelor's degrees, compared to 27 percent nationwide. The runner-up, Lake is an affluent suburb north of Chicago along the LakeMichigaj shoreline. Five percent of its households have annuao incomes of morethan $1.15 million. Rounding out the top five are Calif.
, which is located outside San Potomac, Md., another Washington, D.C., and Darien, Conn., a bedroom community where many commute to work in New All three have median household incomes thatsurpases $135,000 and median home values that exceee $870,000. The affluence of the nation'sd top 10 wealth centers, taken as a is light years beyond the lifestyles ofmost * The collective per capitq income of the 10 cities is $79,500. That'sz triple the national averageof (Per capita income is the average amount of money earne d by each resident of a community in a givehn year.) * Thirty-six percent of all top-10 households earn more than $200,0090 per year, dwarfing the national average, 3.
7 * Two of everyh five homes in the majot wealth centers contain at least nine rooms. The comparable figure for the entirde country isjust 8.3 percent. The bizjournals studt is accompanied by that hold the highestt scoresfor affluence. Even the final community on that No. 250 Inglewood-Finn Hill, Wash., is worthyg of being billed as a wealth given its median householdf incomeof $90,301 and median home valus of $411,400. It outranks 87 percen of all cities analyzedby bizjournals. , sitting in 2,065thj place, is Camden, N.J., which occupieds the bank of the Delaware Riveroppositre Philadelphia.
Camden's median household income of $23,154 is 85 percentg below the corresponding figureof $156,29q in top-rated McLean. That means sevehn typical families in Camden would have to pool theit earnings to equal the financial clout of a singlwe householdin McLean. The otheer indicators for Camden areequally unfortunate, including its per capitza income ($11,578), share of households with income above $200,000 (0.1 percent) and adults with college degrees (6.1 percent). Also in the botto five in bizjournals' rankings are East St. Ill.; Chester, Pa.; San Texas; and Opelousas, La.
الاثنين، 19 ديسمبر 2011
Virginia opens new forensics lab Thursday - Austin Business Journal:
grearqakususi1426.blogspot.com
The standard brick veneer and tranquil parking lot give away nothinb of the actual activity insidr oneof Manassas’ newest building. On one end, investigators and scientistas pore over hair and tissus DNA of some ofthe state’s most dangerousd criminals to learn what they did, while at the they pry open the dead bodiees of society’s latest victime to learn what was done to them. The lab is locatex on a 10-acre spot across from ’s campux in the massive maze ofthe Innovation@Princd William County Technology Park.
The 114,000-square-foo t building will replace thestate 30,000-square-foot headquarters in where officials say the space was bursting at the “When we moved into the old lab [in 1989], we outgreqw it in a said Amy Wong, lab director for the Northerbn Virginia forensics lab, one of four branches statewide. “Cominbg here, we can go back to being full-service.” Now, the combinedr space for the Northern Virginia brancuh of the Department ofForensic Science, which claims 60,000 square and the Office of the Chief Medicall Examiner, claiming 26,000 square is intended to offer room to grow throughh at least the next decade.
With 46 employees thered now, the building has a capacity of110 employees. The new buildinfg also houses anew 26,000-square-foot training an improvement from the old building, where class attendees would have to sit or stand in the back of employeee offices. In addition, the evidence vault for the forensic lab, which oversees roughly 10,000 cases at any givem time, is up to four times the size ofthe old, and a largeer firearms and ballistics testing area allows investigators to test more powerful weapond than before.
Plus, the new medicap examiner’s office space allows for storage of as many as 200 bodiez ina morgue, as well as a new biosafethy lab where examiners can test potentiallg contagious bacteria or viruses, including The project, which has applied for the silved level of Leadership in Energy and Environmental Design green buildint standards, was built as a public-privats partnership deal that Prince William Counthy officials hope will also boost its biotecbh portfolio. The state footedd the bill, but awarded the overall development contractto Rockville-based , whicbh transferred the project to McLean-based LLC monthse later when the latter’s founders split off from Scheer in 2007.
was the general with MWL Architects and McKinnehyand Co. serving as the principall designersand engineers. The building’s opening, hosted by comes days after the District pulled backa $133 millio construction contract to build its own consolidatesd forensics lab in Southwest D.C. becausw of concerns that competingbids weren’t properlyu evaluated. D.C. leaders are planning to erectya $220 million building on the site of the formet Metropolitan Police Department First District Headquarters at 415 4th St. SW.
The standard brick veneer and tranquil parking lot give away nothinb of the actual activity insidr oneof Manassas’ newest building. On one end, investigators and scientistas pore over hair and tissus DNA of some ofthe state’s most dangerousd criminals to learn what they did, while at the they pry open the dead bodiees of society’s latest victime to learn what was done to them. The lab is locatex on a 10-acre spot across from ’s campux in the massive maze ofthe Innovation@Princd William County Technology Park.
The 114,000-square-foo t building will replace thestate 30,000-square-foot headquarters in where officials say the space was bursting at the “When we moved into the old lab [in 1989], we outgreqw it in a said Amy Wong, lab director for the Northerbn Virginia forensics lab, one of four branches statewide. “Cominbg here, we can go back to being full-service.” Now, the combinedr space for the Northern Virginia brancuh of the Department ofForensic Science, which claims 60,000 square and the Office of the Chief Medicall Examiner, claiming 26,000 square is intended to offer room to grow throughh at least the next decade.
With 46 employees thered now, the building has a capacity of110 employees. The new buildinfg also houses anew 26,000-square-foot training an improvement from the old building, where class attendees would have to sit or stand in the back of employeee offices. In addition, the evidence vault for the forensic lab, which oversees roughly 10,000 cases at any givem time, is up to four times the size ofthe old, and a largeer firearms and ballistics testing area allows investigators to test more powerful weapond than before.
Plus, the new medicap examiner’s office space allows for storage of as many as 200 bodiez ina morgue, as well as a new biosafethy lab where examiners can test potentiallg contagious bacteria or viruses, including The project, which has applied for the silved level of Leadership in Energy and Environmental Design green buildint standards, was built as a public-privats partnership deal that Prince William Counthy officials hope will also boost its biotecbh portfolio. The state footedd the bill, but awarded the overall development contractto Rockville-based , whicbh transferred the project to McLean-based LLC monthse later when the latter’s founders split off from Scheer in 2007.
was the general with MWL Architects and McKinnehyand Co. serving as the principall designersand engineers. The building’s opening, hosted by comes days after the District pulled backa $133 millio construction contract to build its own consolidatesd forensics lab in Southwest D.C. becausw of concerns that competingbids weren’t properlyu evaluated. D.C. leaders are planning to erectya $220 million building on the site of the formet Metropolitan Police Department First District Headquarters at 415 4th St. SW.
السبت، 17 ديسمبر 2011
Sprint Nextel sets opening-weekend sales records with Palm Pre - Kansas City Business Journal:
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That’s roughly 50,000 to 100,000 phones, analystsx estimated. Sprint launched the Palm Pre on breaking first-day and first-weekend salesd records for a Sprint S) device, the company said in a though it gave no More than 150,000 applications were downloaded from phone-maker ’s PALM) App Catalog on according to a Mondag blog entry on the Palm Web “Sprint is a very different compant than it was 12 months ago,” Sprintg CEO Dan Hesse said in the release.
“Palm Pre is the coming-ouft party for the new Sales in the first two days probablyexceeded 50,000 phones, compared with 146,009 for the first iPhone, which debuted in 2007, analysy Paul Coster said in a Monday note aboutr Palm. Sales probably were limiter by manufacturing capacity constraintsor Palm’s balance he said. Although Sprint analysts predicted strong sales this year and upgradese bySprint customers, some doubted that the Pre could help Sprinyt pull many customers from larger competitors (NYSE: T) and . the No. 3 wireless carrier, has aboutf 49 million subscribers. analyst John Hodulikl predicted that Sprint wouldsell 1.
6 million Pre phonesd this year, which with cannibalization and 70 percenf upgrades could mean the additiom of 330,000 incremental gross Analyst Christopher Larsen with labeled the phone the “firstg true competitor to the “We believe its weekend launch was a but that the buzz and excitemengt was well short of the initiapl launch of the iPhone,” he said in a Mondayt note. The Pre has created plenty of buzz in the pastseveralo months, though Palm and Sprint kept the device underf wraps.
The touch-screen smartphone features a slide-out keyboarxd and a new operating system, webOS, that has the capacith for functions such as integrating contacts and calendards from multiple locations and operating multipleapplicatione simultaneously. Sprint hasn’t revealed how long it has the exclusivs on the phone but has confirmedthat it’s at leasr through the end of the Two days after the Pre launch, AAPL) and AT&T said the new iPhone 3G S would launch June 19 for $199 with a two-year servicr contract. Prices of the current iPhone 3G have been cutto $99 with the The Pre sells for $200 after a $100 mail-in rebatre and with a two-yea service contract.
Sprint said its Simply Everythin plan, which offers unlimited voice, data and saves customers $1,200 or more compared with similar plandby competitors. Sprint has been orchestrating a attempting to reverse several quarters ofcustomerr losses. The company lost about 4.1 milliomn contract subscriberslast year. Sprint ranke No. 1 on the Kansas City Business Journal ’ list of the area’s top public
That’s roughly 50,000 to 100,000 phones, analystsx estimated. Sprint launched the Palm Pre on breaking first-day and first-weekend salesd records for a Sprint S) device, the company said in a though it gave no More than 150,000 applications were downloaded from phone-maker ’s PALM) App Catalog on according to a Mondag blog entry on the Palm Web “Sprint is a very different compant than it was 12 months ago,” Sprintg CEO Dan Hesse said in the release.
“Palm Pre is the coming-ouft party for the new Sales in the first two days probablyexceeded 50,000 phones, compared with 146,009 for the first iPhone, which debuted in 2007, analysy Paul Coster said in a Monday note aboutr Palm. Sales probably were limiter by manufacturing capacity constraintsor Palm’s balance he said. Although Sprint analysts predicted strong sales this year and upgradese bySprint customers, some doubted that the Pre could help Sprinyt pull many customers from larger competitors (NYSE: T) and . the No. 3 wireless carrier, has aboutf 49 million subscribers. analyst John Hodulikl predicted that Sprint wouldsell 1.
6 million Pre phonesd this year, which with cannibalization and 70 percenf upgrades could mean the additiom of 330,000 incremental gross Analyst Christopher Larsen with labeled the phone the “firstg true competitor to the “We believe its weekend launch was a but that the buzz and excitemengt was well short of the initiapl launch of the iPhone,” he said in a Mondayt note. The Pre has created plenty of buzz in the pastseveralo months, though Palm and Sprint kept the device underf wraps.
The touch-screen smartphone features a slide-out keyboarxd and a new operating system, webOS, that has the capacith for functions such as integrating contacts and calendards from multiple locations and operating multipleapplicatione simultaneously. Sprint hasn’t revealed how long it has the exclusivs on the phone but has confirmedthat it’s at leasr through the end of the Two days after the Pre launch, AAPL) and AT&T said the new iPhone 3G S would launch June 19 for $199 with a two-year servicr contract. Prices of the current iPhone 3G have been cutto $99 with the The Pre sells for $200 after a $100 mail-in rebatre and with a two-yea service contract.
Sprint said its Simply Everythin plan, which offers unlimited voice, data and saves customers $1,200 or more compared with similar plandby competitors. Sprint has been orchestrating a attempting to reverse several quarters ofcustomerr losses. The company lost about 4.1 milliomn contract subscriberslast year. Sprint ranke No. 1 on the Kansas City Business Journal ’ list of the area’s top public
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