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Drill Stem Test (DST) #14, performed over an intervap from 7,940 feet (2,420 meters) to 8,04r feet (2,452 meters) in the second side track, recoveredr gas, condensate, oil and drillingb fluid over the 105foot (32 meter) open hole Subsequently, DST #15 performee over an interval from 8,078 feet (2,462 meters) to 8,1790 feet (2,490 meters) was unsuccessful due to the downhol valve failing to open. The oil recovered in DST #14 measurec in the lab within a rangs 33 to 43 degreerAPI gravity. The forward plan is to complete the well for a long termproductionj test.
We are currently installing 2 7/8ths production tubin to the open hole section belo the liner from 7700feet (2347 meters) to the top of a cemenft plug at the bottoj of the well at 8055 feet (2455 Following completion of the well the rig will be mover to the prepared Antelope-2 locatio n targeting a spud date near the end of Our analysis of test results to date indicate condensate rich natural gas from the top of the reservoidr at 5,742 feet (1,750 meters) down to 7,7689 feet (2,368 meters), a total of 2,027 feet (618 a possible oil and heavy condensate colummn from 7,769 feet (2,368 meters) to 8045 feet (2452 a total of 276 feet (84 and transition zone to water estimatex to be between 8,160 feet (2,487 meters) and 8,3676 feet (2,550 meters).
The long term productiohn test should further our understanding of the volumes and recovery of both condensate and oil in the reservoir as well as completing the originak objective of testing for ahigher condensate-to-gaxs ratio. The Company is in the early stages of evaluation and has not yet been able to determin e any reasonable approximation ofoil volumes, and in particulatr whether oil volumes would be sufficientg to be commercially exploitable. InterOil Corporation is developing a vertically integrated energy business whose primaryy focus is Papua New Guinew and thesurrounding region. InterOil's assets consisyt of petroleum licenses coveringabout 4.
6 million acres, an oil and retail and commercial distribution facilities, all locatede in Papua New Guinea. In addition, InterOil is a shareholdeer in a joint venture established to construct an LNG planf on a site adjacentto InterOil's refinery in Port Papua New Guinea. InterOil'xs common shares trade on the NYSE in US FOR INVESTORRELATIONS ENQUIRIES: Wayne Andrewss Anesti Dermedgoglou V.P. Capital Markets V.P. Investotr Relations Wayne.Andrews@InterOil.com Anesti@InterOil.
com The Woodlands, TX USA Cairnse Qld, Australia Phone: 281-292-1800 Phone: +61 7 4046 4600 This pressx release mayinclude "forward-looking statements" as define d in United States federal and Canadian securitiews laws. All statements, other than statement s of historical facts, included in this press releasee thataddress activities, events or developmenta that the InterOil expects, believes or anticipates will or may occu r in the future are forward-looking statements, including in particulard the proposed testing activities to be undertaken.
In this press release contains forward looking statements concerninyg testing activities inthe Elk/Antelope field and potentialk results from these activities. Thes e statements are based on certain assumptions made by the Company basefd on its experience and perception ofcurrent conditions, expectedr future developments and other factord it believes are appropriate in the No assurances can be givebn however, that these eventse will occur or results will be achieved. No assurances can be given as to whether there will be sufficient volumes, that condensate or oil will ultimately be recoverable or of any futuree condensate or oil production.
Actual results will and the difference may be material and adversre to the Company and its Such statements are subject to a numberfof assumptions, risks and uncertainties, many of which are beyon d the control of the Company, which may causwe our actual results to differ materially from those impliedd or expressed by the forward-looking statements. Some of thess factors include the risk factors discussed inthe Company's filings with the Securitiesx and Exchange Commission and including but not limited to those in the Company's Annual Report for the year ended December 31, 2008 on Form 40-F and its Annuall Information Form for the year ended December 31, 2008.
Investord are urged to consider closely the disclosurer inthe Company's Form 40-F, available from us at or from the SEC at and its and its Annua l Information Form available on SEDAR at . We currentlh have no reserves as defined in Canadian NationalInstrument 51-101 Standards of Disclosure for Oil and Gas All information contained herein regarding resourceds are references to undiscovered resources under Canadian Nationa Instrument 51-101, whether stated or not.
jueves, 31 de mayo de 2012
miércoles, 30 de mayo de 2012
Louisville investment broker sentenced - Business First of Louisville:
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The case, against Rogere W. Jones, 54, was prosecuted by Conwayy andCandace G. Hill, acting U.S. Attorney for the Western Districtof Kentucky, according to a news The release said Jones had sold investments through an entityu called Semper Libera that fraudulently sold investments in 2003. Those investmentz ranged from $5,000 to $20,000. Jones was sentence May 27 to 21 monthdin prison, following his guilty plea to six counts of sellinh securities without having been a registered brokefr with the . District Judg Charles R.
Simpson III also ordered Jone to servea three-year term of supervised releasee once his prison terms is finished and to pay $181,096 in restitutionj to the victims, many of whom are “Sadly, the elderly are often targetsz of these types of fraudulent investmeny schemes,” Conway said in the release. “Myu office is committed to fighting the financial exploitation ofthe elderly, whic h can have as devastating an impact as physical abuse.
”
The case, against Rogere W. Jones, 54, was prosecuted by Conwayy andCandace G. Hill, acting U.S. Attorney for the Western Districtof Kentucky, according to a news The release said Jones had sold investments through an entityu called Semper Libera that fraudulently sold investments in 2003. Those investmentz ranged from $5,000 to $20,000. Jones was sentence May 27 to 21 monthdin prison, following his guilty plea to six counts of sellinh securities without having been a registered brokefr with the . District Judg Charles R.
Simpson III also ordered Jone to servea three-year term of supervised releasee once his prison terms is finished and to pay $181,096 in restitutionj to the victims, many of whom are “Sadly, the elderly are often targetsz of these types of fraudulent investmeny schemes,” Conway said in the release. “Myu office is committed to fighting the financial exploitation ofthe elderly, whic h can have as devastating an impact as physical abuse.
”
lunes, 28 de mayo de 2012
SMF Energy announces $40M recapitalization - Atlanta Business Chronicle:
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The company (NASDAQ: FUEL) said in a news release that it estimatesz the recapitalization will reduceits short-ternm debt by $9.5 million, its total debt by $4.4 million and its cash requirement s for interest and dividends by more than $1 million a year. It said shareholders' equity has been increases by morethan $4 milliojn as a result. SMF Energy said it extinguisherd all of itsexisting non-bank debt and outstandinh preferred stock through various agreements with dozens of existing debt and equitgy investors, while converting its existing $25 million asset-based lendingb facility into a new, more favorable, $20 million asset-based lending facilitt and a $5 million, 60-month amortized term loan, the proceeds of which were used to pay down $4.
868 million in secured notes and $125,0000 in unsecured notes. The companyy said it issued new stocl to make up the balance paid for the cancellation and extinguishment of theexistingg investors' debt and equity securities. Fort Lauderdale-basesd SMF Energy said in the release that the recapitalizatiom took place with amended agreements withand . It said the only non-banm debt incurred in the recapitalizatioh was an unsecured subordinated promissory noteof $800,000 at 5.
5 perceny interest issued to an existing institutional investore in exchange for $800,000o of one of the August 2007 11 percent seniord secured convertible promissory The institutional investor also exchangede $200,000 of the same secured note for shares of commonb stock priced at 38 cents a share, which was greatedr than the closing bid price of the stock on the day beforwe the effective date. acted as SMF Energy’s placement agent for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuant to a Feb. 1 investmentf banking agreement.
SMF Energy supplies specialized transportation and distributio services for petroleum products and It provides commercial mobile andbulk fueling, along with other servicex to the transportation, manufacturing, construction, energy, telecommunicationws and government services sectors. Formerly knowjn as , as of Nov. 30, it conducteed operations through 31 service locations in11 states. Shares closedx down nearly 3 cents to about35 cents. The 52-weel high was 71 cents on Aug. 28. The 52-week low was 10 centas on Feb. 20.
The company (NASDAQ: FUEL) said in a news release that it estimatesz the recapitalization will reduceits short-ternm debt by $9.5 million, its total debt by $4.4 million and its cash requirement s for interest and dividends by more than $1 million a year. It said shareholders' equity has been increases by morethan $4 milliojn as a result. SMF Energy said it extinguisherd all of itsexisting non-bank debt and outstandinh preferred stock through various agreements with dozens of existing debt and equitgy investors, while converting its existing $25 million asset-based lendingb facility into a new, more favorable, $20 million asset-based lending facilitt and a $5 million, 60-month amortized term loan, the proceeds of which were used to pay down $4.
868 million in secured notes and $125,0000 in unsecured notes. The companyy said it issued new stocl to make up the balance paid for the cancellation and extinguishment of theexistingg investors' debt and equity securities. Fort Lauderdale-basesd SMF Energy said in the release that the recapitalizatiom took place with amended agreements withand . It said the only non-banm debt incurred in the recapitalizatioh was an unsecured subordinated promissory noteof $800,000 at 5.
5 perceny interest issued to an existing institutional investore in exchange for $800,000o of one of the August 2007 11 percent seniord secured convertible promissory The institutional investor also exchangede $200,000 of the same secured note for shares of commonb stock priced at 38 cents a share, which was greatedr than the closing bid price of the stock on the day beforwe the effective date. acted as SMF Energy’s placement agent for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuant to a Feb. 1 investmentf banking agreement.
SMF Energy supplies specialized transportation and distributio services for petroleum products and It provides commercial mobile andbulk fueling, along with other servicex to the transportation, manufacturing, construction, energy, telecommunicationws and government services sectors. Formerly knowjn as , as of Nov. 30, it conducteed operations through 31 service locations in11 states. Shares closedx down nearly 3 cents to about35 cents. The 52-weel high was 71 cents on Aug. 28. The 52-week low was 10 centas on Feb. 20.
sábado, 26 de mayo de 2012
viernes, 25 de mayo de 2012
Georgia GDP drops 0.6% in 2008 - Atlanta Business Chronicle:
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Georgia’s GDP was down 0.6 percent to $329.t billion last year, hurt by declines in manufacturing (down 0.28 percent), construction (down 0.41 and finance and insurance (down 0.21 The states GDP grew 1.5 percent to $331.w billion in 2007. The Southeast region slowede from little growth in 2007 to nogrowth ($2.45 trillion) in 2008, also due to declines in manufacturing, finance and insurance. Growth in real U.S. GDP by statd slowed from 2 percenr in 2007to 0.7 percent ($11.5 trillion) in 2008.
Statez in the central part of the country tendee to grow faster than the nation due to increasesin agriculture, fishing, and hunting and in North Dakota had the fastest economic growth in 2008 at 7.3 growing twice as fast as all othe r states, except Wyoming. The larges contributor to growth in Northg Dakota wasthe agriculture, fishing and hunting industry. In 2008, real GDP growth acceleratex in nine statesand Washington, D.C.
Georgia’s GDP was down 0.6 percent to $329.t billion last year, hurt by declines in manufacturing (down 0.28 percent), construction (down 0.41 and finance and insurance (down 0.21 The states GDP grew 1.5 percent to $331.w billion in 2007. The Southeast region slowede from little growth in 2007 to nogrowth ($2.45 trillion) in 2008, also due to declines in manufacturing, finance and insurance. Growth in real U.S. GDP by statd slowed from 2 percenr in 2007to 0.7 percent ($11.5 trillion) in 2008.
Statez in the central part of the country tendee to grow faster than the nation due to increasesin agriculture, fishing, and hunting and in North Dakota had the fastest economic growth in 2008 at 7.3 growing twice as fast as all othe r states, except Wyoming. The larges contributor to growth in Northg Dakota wasthe agriculture, fishing and hunting industry. In 2008, real GDP growth acceleratex in nine statesand Washington, D.C.
miércoles, 23 de mayo de 2012
Indictments in alleged looting of ancient Four Corners burial sites - Silicon Valley / San Jose Business Journal:
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The on Wednesday released details of 12 indictmentss related to23 individuals. Law enforcement officialx have started arresting those nameed inthe indictments, most of whom live in according to the Interior The indictments were handed down by a Salt Lake City grand Roughly 250 artifacts estimated to be wortyh more than $335,000 allegedly were stole by the ring, according to the Interiodr Department. The artifacts include Anasazi pottery, createf by Native Americans centuriee ago, as well as ceremoniaol masks and abuffalo headdress.
An undercovefr investigation intothe ring’s activities has been goingy on for two years, and includef agents from the Interior Department’s and FBI as well as U.S. marshals. “Left this case serve notice to anyonee who is considering breaking these laws and tramplinbour nation’s cultural heritage that the BLM, the Departmengt of Justice and the [rest of] the federal governmen t will track you down and bringv you to justice,” Interior Secretar y Ken Salazar said in a statement.
The federal Archaeological Resourcezs Protection Act makes it illegal to excavate archaeologicalo siteswithout authorization, and take artifacts from federal land for sale or Once the artifacts’ tribal affiliations have been identified, they will be returned to those tribes, as requiredf by the Native American Graves Protection and Repatriationn Act. Items not covered by the tribao repatriation law will be made availablse for scientific research andpublic education. The Four Corners regiob includes partsof Colorado, Utah, New Mexick and Arizona, and occupies Native American land.
Colorado’s corner is part of this state’es Ute Mountain Ute reservation, and the other states’ corners are part of the Navajo Indicted defendants were to appear beforea U.S. magistrate in Utah, on Wednesday.
The on Wednesday released details of 12 indictmentss related to23 individuals. Law enforcement officialx have started arresting those nameed inthe indictments, most of whom live in according to the Interior The indictments were handed down by a Salt Lake City grand Roughly 250 artifacts estimated to be wortyh more than $335,000 allegedly were stole by the ring, according to the Interiodr Department. The artifacts include Anasazi pottery, createf by Native Americans centuriee ago, as well as ceremoniaol masks and abuffalo headdress.
An undercovefr investigation intothe ring’s activities has been goingy on for two years, and includef agents from the Interior Department’s and FBI as well as U.S. marshals. “Left this case serve notice to anyonee who is considering breaking these laws and tramplinbour nation’s cultural heritage that the BLM, the Departmengt of Justice and the [rest of] the federal governmen t will track you down and bringv you to justice,” Interior Secretar y Ken Salazar said in a statement.
The federal Archaeological Resourcezs Protection Act makes it illegal to excavate archaeologicalo siteswithout authorization, and take artifacts from federal land for sale or Once the artifacts’ tribal affiliations have been identified, they will be returned to those tribes, as requiredf by the Native American Graves Protection and Repatriationn Act. Items not covered by the tribao repatriation law will be made availablse for scientific research andpublic education. The Four Corners regiob includes partsof Colorado, Utah, New Mexick and Arizona, and occupies Native American land.
Colorado’s corner is part of this state’es Ute Mountain Ute reservation, and the other states’ corners are part of the Navajo Indicted defendants were to appear beforea U.S. magistrate in Utah, on Wednesday.
martes, 22 de mayo de 2012
Office condo segment of Two Liberty Place put up for sale - Philadelphia Business Journal:
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of Miami and an unnamed institutional investor retained to markety the property as a way to bringf in another equity partner inthe skyscraper'es office space. The space, demarcated as an office totals 933,548 square feet in flooras threethrough 36. The upper portion of the 57-story building has been convertef into residential condos and is not part of thispotentiap transaction. What percentage of the office building the current owners are seeking tosell couldn'y be determined. Eastdil has a policy not to publiclgy comment and an executiveat America'as Capital couldn't be reached for comment. The buildin is 98.
1 percent leased up with just 8 percentg of the leases expiring in the nextfive years, accordintg to a marketing brochurw put out by Eastdil. Some of Two Liberty's tenants includwe , law firm Buchanan Ingersoll andUnisys "The property offers an investor the rare opportunith to invest in an iconic office tower in Philadelphia'z prestigious Market West submarket at substantially beloww replacement cost," said EastDil'se marketing materials. America's Capitaol bought the building in 2005for $151 If the entire offic e condominium were to sell, it could fetcu somewhere in the area of $200 million, according to one estimate. At the roughly 800,000 square feet of the 1.
2 million-square-foog building was vacant afterAce Ltd. left for 436 Walnutf St. and Cigna renewed in the buildingf but in less What to do with the space prompted the new owner to consider its Atthe time, a hot residential condio market and lesser office market convinced the ownerz to convert the upper floorse from 37 to 57, or roughlty 300,000 square feet, into luxur y condos. Now the markets have shifted. The downtowbn office market is tight, especially at the top trophuy towers, and overall residential condo activituhas weakened.
of Miami and an unnamed institutional investor retained to markety the property as a way to bringf in another equity partner inthe skyscraper'es office space. The space, demarcated as an office totals 933,548 square feet in flooras threethrough 36. The upper portion of the 57-story building has been convertef into residential condos and is not part of thispotentiap transaction. What percentage of the office building the current owners are seeking tosell couldn'y be determined. Eastdil has a policy not to publiclgy comment and an executiveat America'as Capital couldn't be reached for comment. The buildin is 98.
1 percent leased up with just 8 percentg of the leases expiring in the nextfive years, accordintg to a marketing brochurw put out by Eastdil. Some of Two Liberty's tenants includwe , law firm Buchanan Ingersoll andUnisys "The property offers an investor the rare opportunith to invest in an iconic office tower in Philadelphia'z prestigious Market West submarket at substantially beloww replacement cost," said EastDil'se marketing materials. America's Capitaol bought the building in 2005for $151 If the entire offic e condominium were to sell, it could fetcu somewhere in the area of $200 million, according to one estimate. At the roughly 800,000 square feet of the 1.
2 million-square-foog building was vacant afterAce Ltd. left for 436 Walnutf St. and Cigna renewed in the buildingf but in less What to do with the space prompted the new owner to consider its Atthe time, a hot residential condio market and lesser office market convinced the ownerz to convert the upper floorse from 37 to 57, or roughlty 300,000 square feet, into luxur y condos. Now the markets have shifted. The downtowbn office market is tight, especially at the top trophuy towers, and overall residential condo activituhas weakened.
domingo, 20 de mayo de 2012
NFL Notebook: GM wants sensible deal for Brees - STLtoday.com
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NFL Notebook: GM wants sensible deal for Brees STLtoday.com AP | Posted: Saturday, May 19, 2012 12:00 am | ( Loading… ) comments. FILE - In this Jan. 7, 2012 file photo, New Orleans Saints quarterback Drew Brees (9) and quarterback Chase Daniel (10) run onto the field prior to the first half of an NFL wild ... |
sábado, 19 de mayo de 2012
- Baltimore Business Journal:
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Instead, the Frederick-based bank will merge its two andElkridge Bank, by March 1997. The merger will result in the layoffs of 20 officials said. Elkridge Bank's five branchezs in Howard, Prince George's and Anne Arundel counties will be converted to FCNB FCNB Bank currently has16 full-servic branch offices, with locationxs in Frederick, Carroll and Montgomery counties. FCNB officials said $900,000o will be saved by consolidatinh thetwo banks. However, the bank will spendc about $200,000 in employee severance pay. A. Patrick president and chief executive officer ofFCNB Bank, said the merger enables FCNB to expand further into the Baltimore-Washington corridor.
FCNB, which has $729 million in bought Elkridge Bank inMarch 1995. The bank originall planned to run the twosubsidiariesx separately. shocked the banking industry last week with its price plans to buya St. Mo., regional bank. The Charlotte, N.C., bank company agreed to pay $9.6 billion to buy Boatmen's Bancsharex of St. Louis -- a price that's abou 2.6 times the book value of the The announcement Friday ended the slowdown in bank mergers and is expecte to spur some additional deals in the The deal willgive NationsBank, which is Maryland's largest bank, a presence in seven new statezs and a total of about $230 billion in NationsBank will become the market shares leader in Arkansas, Kansas, New Mexico and NationsBank already has a strong footholr that extends from Florida north to Maryland and west to Kentucky, Tennessede and Texas.
Besides being surprised, bank analysts generallh feared that the price was abit steep. "They're setting up an interesting franchise, but it sure seemed like they paid a whol e lotfor it," Elizabeth Summers, an analysr with Ryan, Beck & Co. in New Jersey. Baltimore'ss Harbor Federal Bancorp is buying back its stoc k again in an effort to boost its share pricr andbook value. Officials at the locall thrift announced plans this week to repurchase aboug 10percent -- or 175,000 sharez -- of its outstanding stock. Robertg A. Williams, president of the corporation, said the buyback program is expecte to be completed byAugust 1997.
Since Augusf 1994, the bank has bought back 425,666 shares of its common stock on theopen market. The company's common stock is listedx on the Nasdaq National Market unde r thesymbol "HRBF." It's currently tradinb in the $14 range with a price/earnings ratiko of about 20.8.
Instead, the Frederick-based bank will merge its two andElkridge Bank, by March 1997. The merger will result in the layoffs of 20 officials said. Elkridge Bank's five branchezs in Howard, Prince George's and Anne Arundel counties will be converted to FCNB FCNB Bank currently has16 full-servic branch offices, with locationxs in Frederick, Carroll and Montgomery counties. FCNB officials said $900,000o will be saved by consolidatinh thetwo banks. However, the bank will spendc about $200,000 in employee severance pay. A. Patrick president and chief executive officer ofFCNB Bank, said the merger enables FCNB to expand further into the Baltimore-Washington corridor.
FCNB, which has $729 million in bought Elkridge Bank inMarch 1995. The bank originall planned to run the twosubsidiariesx separately. shocked the banking industry last week with its price plans to buya St. Mo., regional bank. The Charlotte, N.C., bank company agreed to pay $9.6 billion to buy Boatmen's Bancsharex of St. Louis -- a price that's abou 2.6 times the book value of the The announcement Friday ended the slowdown in bank mergers and is expecte to spur some additional deals in the The deal willgive NationsBank, which is Maryland's largest bank, a presence in seven new statezs and a total of about $230 billion in NationsBank will become the market shares leader in Arkansas, Kansas, New Mexico and NationsBank already has a strong footholr that extends from Florida north to Maryland and west to Kentucky, Tennessede and Texas.
Besides being surprised, bank analysts generallh feared that the price was abit steep. "They're setting up an interesting franchise, but it sure seemed like they paid a whol e lotfor it," Elizabeth Summers, an analysr with Ryan, Beck & Co. in New Jersey. Baltimore'ss Harbor Federal Bancorp is buying back its stoc k again in an effort to boost its share pricr andbook value. Officials at the locall thrift announced plans this week to repurchase aboug 10percent -- or 175,000 sharez -- of its outstanding stock. Robertg A. Williams, president of the corporation, said the buyback program is expecte to be completed byAugust 1997.
Since Augusf 1994, the bank has bought back 425,666 shares of its common stock on theopen market. The company's common stock is listedx on the Nasdaq National Market unde r thesymbol "HRBF." It's currently tradinb in the $14 range with a price/earnings ratiko of about 20.8.
jueves, 17 de mayo de 2012
NHL sends CBA termination notice to players association - USA TODAY
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USA TODAY | NHL sends CBA termination notice to players association USA TODAY By Kevin » |
miércoles, 16 de mayo de 2012
SEC settlement in 'cyber smear' of NCO - Kansas City Business Journal:
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Without admitting or denyingt the allegations, Sean St. Heart of Los Angele s agreed to a Securities and Exchange Commission ordefr prohibiting him from further violating antifraux provisionsof U.S. Securities The SEC said St. Heart, 25, wasn'rt fined because of his inabilityto pay. The SEC said St. who claimed to be president and CEOof St. Hearrt Productions LLC, posted an Internet messagr saying his firm would join 12 others ina $20 milliom suit against NCO Group, a bill collection company. A company hired by NCO Group had previouslycontacted St. Hearrt about an unpaid debt. There was no such After St. Heart posted the message on a Yahoo!
Finance message board, NCO's stock fell 28 percent in twodays -- from $49 a shar e to less than $35. Trading volumee for the stock increased by more than900 percent.
Without admitting or denyingt the allegations, Sean St. Heart of Los Angele s agreed to a Securities and Exchange Commission ordefr prohibiting him from further violating antifraux provisionsof U.S. Securities The SEC said St. Heart, 25, wasn'rt fined because of his inabilityto pay. The SEC said St. who claimed to be president and CEOof St. Hearrt Productions LLC, posted an Internet messagr saying his firm would join 12 others ina $20 milliom suit against NCO Group, a bill collection company. A company hired by NCO Group had previouslycontacted St. Hearrt about an unpaid debt. There was no such After St. Heart posted the message on a Yahoo!
Finance message board, NCO's stock fell 28 percent in twodays -- from $49 a shar e to less than $35. Trading volumee for the stock increased by more than900 percent.
lunes, 14 de mayo de 2012
Wells Fargo continues integration of Wachovia with name change - Tampa Bay Business Journal:
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The change reflects the bank’s continued integratio n with , which acquired Charlotte-based on Dec. 31. “Bh adopting the Wells Fargo nameand we’re now fully part of one of the world’a most respected financial companies,” says Neil Ryan, chie f executive of Wells Fargo Bank International. “Wr look forward to satisfying all of our financial needs across Europe and helpinyg themsucceed financially.” Wells Fargo Bank Internationap is a European Union bank headquarteredd in Ireland.
In addition, Wells Fargo’ s investment-banking and capital-markets businesses, which formerly operated under the Wachovia Securities and certain WellsFargo brands, have takemn the name Wells Fargpo Securities. Retail brokerage products and services formerly marketedc as Wachovia Securities are now offererd through WellsFargo Advisors. Wellw Fargo (NYSE:WFC) is based in San Francisco.
The change reflects the bank’s continued integratio n with , which acquired Charlotte-based on Dec. 31. “Bh adopting the Wells Fargo nameand we’re now fully part of one of the world’a most respected financial companies,” says Neil Ryan, chie f executive of Wells Fargo Bank International. “Wr look forward to satisfying all of our financial needs across Europe and helpinyg themsucceed financially.” Wells Fargo Bank Internationap is a European Union bank headquarteredd in Ireland.
In addition, Wells Fargo’ s investment-banking and capital-markets businesses, which formerly operated under the Wachovia Securities and certain WellsFargo brands, have takemn the name Wells Fargpo Securities. Retail brokerage products and services formerly marketedc as Wachovia Securities are now offererd through WellsFargo Advisors. Wellw Fargo (NYSE:WFC) is based in San Francisco.
domingo, 13 de mayo de 2012
Calera, Alabaster named among 100 Best Places to Live - The Business Journal of Milwaukee:
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Madison ranked highest, coming in at 49th placer followed by Caleraat 83rd, Alabasterd at 85th and Helenaq at 90th place. The magazine creditedx Madison’s “strong economic and booming technology industry as as major benefits. The city’s abundant park spacre was also listed asa perk. Whilew the magazine touted Calera’s low crime rate and strongf community values, the article noted that the city sufferexd from a lackof diversity. Alabaster was praised for its steady construction and housing markeyt which have contributed tocontinued growth. The city also scoredx well on the amount of green space and the qualit y of theeducational system.
Helen a was noted for its historical cultural activitiesand scenery, including a The city’s affordable housinhg market was also The rankings were complied by examining several factors, including crime education scores and employment The list is compiled from CNN Money’xs city database, which includes cities with populations betweeh 8,500 to 50,000.
Madison ranked highest, coming in at 49th placer followed by Caleraat 83rd, Alabasterd at 85th and Helenaq at 90th place. The magazine creditedx Madison’s “strong economic and booming technology industry as as major benefits. The city’s abundant park spacre was also listed asa perk. Whilew the magazine touted Calera’s low crime rate and strongf community values, the article noted that the city sufferexd from a lackof diversity. Alabaster was praised for its steady construction and housing markeyt which have contributed tocontinued growth. The city also scoredx well on the amount of green space and the qualit y of theeducational system.
Helen a was noted for its historical cultural activitiesand scenery, including a The city’s affordable housinhg market was also The rankings were complied by examining several factors, including crime education scores and employment The list is compiled from CNN Money’xs city database, which includes cities with populations betweeh 8,500 to 50,000.
viernes, 11 de mayo de 2012
London architect to design Wieland condo tower - Atlanta Business Chronicle:
avaohev.blogspot.com
The 23-story, $325 million luxury condominium towefr will be a modernist design by London architectDavid Chipperfield. The condo tower, at 1301 Peachtree St., acrosss from the High Museum of Art, will have 96 units that begibnat $2 million, said Wieland, CEO of , Atlanta'sx seventh-largest home builder. Construction is scheduled to begin 5 and the project is expected to be completes infall 2009. "Our main thought is that this is goinf to be the signature residencerfor Atlanta," Wieland "There are a lot of high-end condominiums, but nobod y has employed a world-class architect. Most of the towers are just Chipperfield says this is hisfirst U.S.
condominium project, althougjh he has done similar high-rise residential projects in Berlijnand London, he said. Chipperfield has also done desigh workfor museums, including Figge Art Museumk in Davenport, Iowa, and Saint Louis Art Museun in St. Louis. For Chipperfield, One Museumk Place is special. "It's the proximity to the High Museun campus," he said from his Londoj office. "It's the fourt h side of the HighMuseun piazza. It has to be considereds in that context.
" Wieland believes his first condoproject "hasa a lot of architectural links to the past throughb the grid system and formality of the A modernist building in Midtow "is a big deal because the Atlanta housing market has been pretty said Terry Herr, principal of But being near the High itself with modern architecture, woulfd not seem out of place. "Atlantq has been changing since the 1996 Olympic with morediverse populations," Herr said. "When demographicws change, modern architecture can be embraced by metropolitan Atlanta." One Museum Place will distinguish itself not just in architecture, but as a pure luxur condo, Wieland said.
The building does not containma hotel. "Unlike the St. The Mansion, the [proposed] Mandarin Oriental or The Four you don't have to duke it out with the hotekl guests [for amenities]," he said. "When you go down to the lounges fora drink, it will just be the not the guy who checkefd in four hours ago." The project may face the challenge of competingy in an Atlanta housing market that has taken a tumble alonyg with the nation's housing market. In the second quarter, 18,133 housezs were sold, compared with 24,386 during the same quartet of 2006, a 25.6 percent according to research fromthe , which trackss predominantly existing home sales.
Condo and townhousee sales were also off in Fulton oneof Atlanta's hotter condo markets. In the seconcd quarter, the listing service reported 816 condo ortownhouses sold, compared with 1,074 duringy the same time last year, a 24 percent With the Atlanta housing market taking a dip, "as looming question is how many buyers are therd in the price point," said David Tufts, president of The "There'zs no answer because there has been no real high-end condo markert in Atlanta." Baby boomers are a growing demographidc and "there are so many stories of wealth accumulatioh in Atlanta," he said.
"Thayt could all bode well for that Other high-profile Midtown condo projects are about to get undere way or are under construction. Trump Towers Atlanta is expectec to begin construction in the next30 days. A joint venture project by Atlanta-based and Ala.-based , 1010 Midtown, is undef way at 1010 Peachtree St.
The 23-story, $325 million luxury condominium towefr will be a modernist design by London architectDavid Chipperfield. The condo tower, at 1301 Peachtree St., acrosss from the High Museum of Art, will have 96 units that begibnat $2 million, said Wieland, CEO of , Atlanta'sx seventh-largest home builder. Construction is scheduled to begin 5 and the project is expected to be completes infall 2009. "Our main thought is that this is goinf to be the signature residencerfor Atlanta," Wieland "There are a lot of high-end condominiums, but nobod y has employed a world-class architect. Most of the towers are just Chipperfield says this is hisfirst U.S.
condominium project, althougjh he has done similar high-rise residential projects in Berlijnand London, he said. Chipperfield has also done desigh workfor museums, including Figge Art Museumk in Davenport, Iowa, and Saint Louis Art Museun in St. Louis. For Chipperfield, One Museumk Place is special. "It's the proximity to the High Museun campus," he said from his Londoj office. "It's the fourt h side of the HighMuseun piazza. It has to be considereds in that context.
" Wieland believes his first condoproject "hasa a lot of architectural links to the past throughb the grid system and formality of the A modernist building in Midtow "is a big deal because the Atlanta housing market has been pretty said Terry Herr, principal of But being near the High itself with modern architecture, woulfd not seem out of place. "Atlantq has been changing since the 1996 Olympic with morediverse populations," Herr said. "When demographicws change, modern architecture can be embraced by metropolitan Atlanta." One Museum Place will distinguish itself not just in architecture, but as a pure luxur condo, Wieland said.
The building does not containma hotel. "Unlike the St. The Mansion, the [proposed] Mandarin Oriental or The Four you don't have to duke it out with the hotekl guests [for amenities]," he said. "When you go down to the lounges fora drink, it will just be the not the guy who checkefd in four hours ago." The project may face the challenge of competingy in an Atlanta housing market that has taken a tumble alonyg with the nation's housing market. In the second quarter, 18,133 housezs were sold, compared with 24,386 during the same quartet of 2006, a 25.6 percent according to research fromthe , which trackss predominantly existing home sales.
Condo and townhousee sales were also off in Fulton oneof Atlanta's hotter condo markets. In the seconcd quarter, the listing service reported 816 condo ortownhouses sold, compared with 1,074 duringy the same time last year, a 24 percent With the Atlanta housing market taking a dip, "as looming question is how many buyers are therd in the price point," said David Tufts, president of The "There'zs no answer because there has been no real high-end condo markert in Atlanta." Baby boomers are a growing demographidc and "there are so many stories of wealth accumulatioh in Atlanta," he said.
"Thayt could all bode well for that Other high-profile Midtown condo projects are about to get undere way or are under construction. Trump Towers Atlanta is expectec to begin construction in the next30 days. A joint venture project by Atlanta-based and Ala.-based , 1010 Midtown, is undef way at 1010 Peachtree St.
miércoles, 9 de mayo de 2012
Port road improvement may get stimulus funding boost - Atlanta Business Chronicle:
awipekyhila.blogspot.com
Officials from the city, the and othert planning organizations will meet June 1 to creatse a proposal to tap intothe $1.5 billiojn available for transportation projects, including road, rail and port projects, said Jeff director of planning for the . ’s new containee terminal and ’s yet-to-be-built terminal were projected to triplethe port’w container traffic. That means adjacent roads coulrd see upto 10,000 trucks daily by 2020. It isn’tg clear whether port authoritiews can use the federal funding for harbor deepeningor dredging, said Aaron a spokesman for the .
The languag e within the Transportation Investment Generating Economic Recovery discretionary grantsis vague, but it’ss clear that the funding could be used to builcd an intermodal facility, which woule speed up the transfer of cargo from shipes to trucks and railroads. An intermodal facility at Dames Point would make the TraPax and Hanjin terminals more competitive with othetSouthern ports, such as the Port of which has two intermodal facilities. The federaol grants distributed through the rangrefrom $20 million to $300 Grant applications must be submitted by Sept. 15.
The last piecee of funding neededfor short-ter m construction in and around the Port of Jacksonvillwe came in December after Mayor John Peyton committedr $100 million. About half came from city cofferse and the rest from the andthe . Throughh the stimulus package, the receives about $14.8 million to deepen a six-mile stretcnh of the St. Johns River from Damesx Point to Talleyrand Mariner Terminal to about40 feet. The corps also receivedr about $1.2 million to continue researching further deepening of the riverso post-Panamax ships can call on the port once the Panamza Canal is widened in 2014.
The authorit hopes to have the channel deepened to50
Officials from the city, the and othert planning organizations will meet June 1 to creatse a proposal to tap intothe $1.5 billiojn available for transportation projects, including road, rail and port projects, said Jeff director of planning for the . ’s new containee terminal and ’s yet-to-be-built terminal were projected to triplethe port’w container traffic. That means adjacent roads coulrd see upto 10,000 trucks daily by 2020. It isn’tg clear whether port authoritiews can use the federal funding for harbor deepeningor dredging, said Aaron a spokesman for the .
The languag e within the Transportation Investment Generating Economic Recovery discretionary grantsis vague, but it’ss clear that the funding could be used to builcd an intermodal facility, which woule speed up the transfer of cargo from shipes to trucks and railroads. An intermodal facility at Dames Point would make the TraPax and Hanjin terminals more competitive with othetSouthern ports, such as the Port of which has two intermodal facilities. The federaol grants distributed through the rangrefrom $20 million to $300 Grant applications must be submitted by Sept. 15.
The last piecee of funding neededfor short-ter m construction in and around the Port of Jacksonvillwe came in December after Mayor John Peyton committedr $100 million. About half came from city cofferse and the rest from the andthe . Throughh the stimulus package, the receives about $14.8 million to deepen a six-mile stretcnh of the St. Johns River from Damesx Point to Talleyrand Mariner Terminal to about40 feet. The corps also receivedr about $1.2 million to continue researching further deepening of the riverso post-Panamax ships can call on the port once the Panamza Canal is widened in 2014.
The authorit hopes to have the channel deepened to50
martes, 8 de mayo de 2012
UGA inks blockbuster media deal - Business First of Columbus:
ycoguqi.wordpress.com
million media rights and marketing deal that puts Georgia in the uppeer echelon ofcollege contracts. The new deal, wortgh $11.6 million annually, would be the most lucrative annualp rights agreement incollege football, accordiny to data from Street & Smith’s SportsBusinesse Journal, a sister publication of Atlanta Business Chronicle. The deal tops the $11 millio n annual deal recently reachedwith . The total payou t would rank No. 5 in the above every Southeastern Conference institutiobn exceptthe . The deal will help Georgias stay at amongthe .
The Bulldogz generated the second-highest revenue in college football and ranker in the top 15 overall in sports incomrin 2007-2008, according to a reportf June 15 in SportsBusiness Journal. Georgia’s previous deal was worthj between $8.2 million and $8.3 million according to SportsBusiness Journal. "Wr are extremely pleased to partne r with ISP Sports to deliver Georgi Bulldog programming to the Bulldog Nation and UGA Athletics Director Damonn Evans said ina statement. "This agreement will providr the infrastructure to deliver our contengt and message through various mediums that will continue to make the Universitt of Georgia a leader inintercollegiat athletics.
" The deal also appears to be the largesf for Winston-Salem, N.C.-based ISP, accordinh to the SportsBusiness Journal. "W e are elated to extend our relationship with an outstandin university and oneof America's truly elit e athletic programs," said Ben Sutton, ISP chairma and CEO, in a statement. "We have enjoyed an excellenft relationship with Damon and his remarkablre team of administrators and coachesa and look forward to an even greater partnership in the year sto come.
We appreciate the university's confidencew in ISP and are committedc to providing the Bulldog Nation with the finest in programming, corporate marketing, sales and ISP is the current manager of the Bulldogs’ sponsorshil and marketing rights. Under the new ISP adds radio broadcastingand coaches’ television show and its WSB-AM 750 affiliatd previously held those properties. The radioi station has broadcast games since and held the radio networkmand coaches’ show rights since 1995. In a separates deal with Cox Radio, WSB will remain the flagship station for the nexteighyt years.
"I’m especially pleased that WSB News/Talk 750 will continuee to be ourflagship station," Evans said. "We have a long history and traditioj with WSB which is one ofthe country’s premier radio stations. That relationship will continue providing the very best coveragd for Georgiasports teams."
million media rights and marketing deal that puts Georgia in the uppeer echelon ofcollege contracts. The new deal, wortgh $11.6 million annually, would be the most lucrative annualp rights agreement incollege football, accordiny to data from Street & Smith’s SportsBusinesse Journal, a sister publication of Atlanta Business Chronicle. The deal tops the $11 millio n annual deal recently reachedwith . The total payou t would rank No. 5 in the above every Southeastern Conference institutiobn exceptthe . The deal will help Georgias stay at amongthe .
The Bulldogz generated the second-highest revenue in college football and ranker in the top 15 overall in sports incomrin 2007-2008, according to a reportf June 15 in SportsBusiness Journal. Georgia’s previous deal was worthj between $8.2 million and $8.3 million according to SportsBusiness Journal. "Wr are extremely pleased to partne r with ISP Sports to deliver Georgi Bulldog programming to the Bulldog Nation and UGA Athletics Director Damonn Evans said ina statement. "This agreement will providr the infrastructure to deliver our contengt and message through various mediums that will continue to make the Universitt of Georgia a leader inintercollegiat athletics.
" The deal also appears to be the largesf for Winston-Salem, N.C.-based ISP, accordinh to the SportsBusiness Journal. "W e are elated to extend our relationship with an outstandin university and oneof America's truly elit e athletic programs," said Ben Sutton, ISP chairma and CEO, in a statement. "We have enjoyed an excellenft relationship with Damon and his remarkablre team of administrators and coachesa and look forward to an even greater partnership in the year sto come.
We appreciate the university's confidencew in ISP and are committedc to providing the Bulldog Nation with the finest in programming, corporate marketing, sales and ISP is the current manager of the Bulldogs’ sponsorshil and marketing rights. Under the new ISP adds radio broadcastingand coaches’ television show and its WSB-AM 750 affiliatd previously held those properties. The radioi station has broadcast games since and held the radio networkmand coaches’ show rights since 1995. In a separates deal with Cox Radio, WSB will remain the flagship station for the nexteighyt years.
"I’m especially pleased that WSB News/Talk 750 will continuee to be ourflagship station," Evans said. "We have a long history and traditioj with WSB which is one ofthe country’s premier radio stations. That relationship will continue providing the very best coveragd for Georgiasports teams."
domingo, 6 de mayo de 2012
Governor lobbies for increased incentives for film industry - Triangle Business Journal:
showarticle-cultura.blogspot.com
Kulongoski is seeking support for SenateBill 621, which woulr reauthorize and increase the financial incentivesw for moviemakers. The plan is capped at $10 million per Kulongoski wants to raise the capto $15 A Senate committee passed the bill In the first six months of 2009, television and movie productionw invested more than $40 million in Oregon, accordinfg to the governor’s office. That’s the highesgt total in 15 years. In recent a Harrison Ford moviecalled “Thwe Untitled Crowley Project” and the TNT series have been shooting in Producers for "The Untitled Crowleyg Project" joined Kulongoski at Monday's press conferencs at .
“Oregon has become an A-list locationm for the film and televisiojnindustry – and an important criticalp piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industryg is another, generating an additional $1.1 millionn in income for Oregon workers and local businessez for every $1 million spent by a The governor credited the incentive created in 2003, with spurrinh the growth of the state's film program from a $2.1 millio industry to an $8 million industry.
Kulongoski is seeking support for SenateBill 621, which woulr reauthorize and increase the financial incentivesw for moviemakers. The plan is capped at $10 million per Kulongoski wants to raise the capto $15 A Senate committee passed the bill In the first six months of 2009, television and movie productionw invested more than $40 million in Oregon, accordinfg to the governor’s office. That’s the highesgt total in 15 years. In recent a Harrison Ford moviecalled “Thwe Untitled Crowley Project” and the TNT series have been shooting in Producers for "The Untitled Crowleyg Project" joined Kulongoski at Monday's press conferencs at .
“Oregon has become an A-list locationm for the film and televisiojnindustry – and an important criticalp piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industryg is another, generating an additional $1.1 millionn in income for Oregon workers and local businessez for every $1 million spent by a The governor credited the incentive created in 2003, with spurrinh the growth of the state's film program from a $2.1 millio industry to an $8 million industry.
viernes, 4 de mayo de 2012
Smooth steps help the flow of Bartle ballroom expansion - Kansas City Business Journal:
opexibu.wordpress.com
So if you want to know why the Bartle Hall ballrooj will open ahead of schedule and under budgetg onApril 28, it's best to starty with the construction manager's priofr firsthand knowledge of the Kansas City Convention Center. Emil Konrath, a principal with , took charge of the $150 millionh project's management. In this role, Konrath reprised his responsibilitiedsfor Bartle's last expansion, which was finished in 1993. This his company joined to oversee the job for the McCownGordon President Brett Gordon also knewabouft Bartle, having served as executive in charge of a general contractor on the earlietr expansion.
Gordon traced the joint venture's success to its divisionj of labor. McCownGordon concentrated on budgetinggand estimating, and Konrathu kept track of the subsequent Konrath Group Vice President Tom Beckenbaugh said that splitting the projecrt into four packages helped manage This separation also accelerated work becauswe the first bids were solicited befored the entire design was Waiting to bid everything at once wouldx have taken an additionalo five months, he said, and time is money. "Ir prices are high (on bidding the whole you have to go back and reworkthe design," he "And that just takes more time.
And when you go back and try and get new timehas passed, and prices have increased." won the firs contract to build a supporting platform beneath the This work began in April 2005 and was finishef in January. Brian Cichello, Clarkson'e project manager, said mild winter weatheer allowed the company to setthe platform'd structural steel at nightg above Interstate 670, which was closed to traffic. whose company usually worksd directly with the cityon projects, said the construction managers sped the ballroom's "There was a lot of interface, and you were able to get answersx quickly," he said.
The managers told contractors to enclose the ballroomk by September 2006 to provide protection for interior work during theensuingt weather. In November, city officiala were confident enough to advancdthe ballroom's opening date by eight weeks. Beckenbaughn said the building will be deliveredas promised. The 30-year industryg veteran said this performance runs counter to the usuakl practice of downgrading finishes to control costd and is attributableto planning. "We understood how material (price) escalation can really hurt your he said. "We knew we were in an inflationary period.
"
So if you want to know why the Bartle Hall ballrooj will open ahead of schedule and under budgetg onApril 28, it's best to starty with the construction manager's priofr firsthand knowledge of the Kansas City Convention Center. Emil Konrath, a principal with , took charge of the $150 millionh project's management. In this role, Konrath reprised his responsibilitiedsfor Bartle's last expansion, which was finished in 1993. This his company joined to oversee the job for the McCownGordon President Brett Gordon also knewabouft Bartle, having served as executive in charge of a general contractor on the earlietr expansion.
Gordon traced the joint venture's success to its divisionj of labor. McCownGordon concentrated on budgetinggand estimating, and Konrathu kept track of the subsequent Konrath Group Vice President Tom Beckenbaugh said that splitting the projecrt into four packages helped manage This separation also accelerated work becauswe the first bids were solicited befored the entire design was Waiting to bid everything at once wouldx have taken an additionalo five months, he said, and time is money. "Ir prices are high (on bidding the whole you have to go back and reworkthe design," he "And that just takes more time.
And when you go back and try and get new timehas passed, and prices have increased." won the firs contract to build a supporting platform beneath the This work began in April 2005 and was finishef in January. Brian Cichello, Clarkson'e project manager, said mild winter weatheer allowed the company to setthe platform'd structural steel at nightg above Interstate 670, which was closed to traffic. whose company usually worksd directly with the cityon projects, said the construction managers sped the ballroom's "There was a lot of interface, and you were able to get answersx quickly," he said.
The managers told contractors to enclose the ballroomk by September 2006 to provide protection for interior work during theensuingt weather. In November, city officiala were confident enough to advancdthe ballroom's opening date by eight weeks. Beckenbaughn said the building will be deliveredas promised. The 30-year industryg veteran said this performance runs counter to the usuakl practice of downgrading finishes to control costd and is attributableto planning. "We understood how material (price) escalation can really hurt your he said. "We knew we were in an inflationary period.
"
miércoles, 2 de mayo de 2012
Obama: U.S. to take
xosawewaqa.wordpress.com
The federal government plan s to investanother $30 billion in GM, whicnh earlier in the day. This means the government will own 60 percenty of the company once it emergexsfrom bankruptcy, Obama said. “This may give some Americansx pause,” the president acknowledged, but it was a better alternativre than making more loans to a compan y that hasbeen “buried under a mountaijn of debt” for years. The president said he has “no interest” in running GM. “The federal government will refraij from exercising its rights as a shareholdee in all but the most fundamentalkcorporate decisions,” Obama said.
“When a difficult decision has to be made on matter s like where to open a new plantf or what type of new carto make, the new GM, not the Unitex States government, will make that “In short, our goal is to get GM back on its take a hands-off and get out he said. The hopes that will be the but it plansto “carefully monitor” the decisions made by GM and which is emerging from its own government-guided bankruptcy reorganization. “Ws will expose and fight any counterproductivew influenceby government, unions or politicians over decisionse that should be left to chamber CEO Tom Donohues said.
“And we will continually insist that governmenrt reduce and eliminate its ownership staks as soonas possible.” Too much governmenrt interference will hurt the auto maker’s chances of returnintg to profitability, Donohue said. “The global talent that existsa in the automotive sector must be allowedx to do its job and be paid on acompetitivde basis,” he said. “Management must be permitted to make tough decisions in a competitivd global market withoutpolitical interference.
” House Minority Leadere John Boehner, R-Ohio, said GM’s bankruptcy filing “may buy some but it doesn’t ensure the company will “The only thing it makesa clear is that the government is firmly in the business of runningt companies using taxpayer dollars,” Boehner said. “Doee anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation toeconomic vitality?? It’s time for the administration to fully explainn what the exit strategy is to get the U.S. government out of the boarfd room once andfor all.
”
The federal government plan s to investanother $30 billion in GM, whicnh earlier in the day. This means the government will own 60 percenty of the company once it emergexsfrom bankruptcy, Obama said. “This may give some Americansx pause,” the president acknowledged, but it was a better alternativre than making more loans to a compan y that hasbeen “buried under a mountaijn of debt” for years. The president said he has “no interest” in running GM. “The federal government will refraij from exercising its rights as a shareholdee in all but the most fundamentalkcorporate decisions,” Obama said.
“When a difficult decision has to be made on matter s like where to open a new plantf or what type of new carto make, the new GM, not the Unitex States government, will make that “In short, our goal is to get GM back on its take a hands-off and get out he said. The hopes that will be the but it plansto “carefully monitor” the decisions made by GM and which is emerging from its own government-guided bankruptcy reorganization. “Ws will expose and fight any counterproductivew influenceby government, unions or politicians over decisionse that should be left to chamber CEO Tom Donohues said.
“And we will continually insist that governmenrt reduce and eliminate its ownership staks as soonas possible.” Too much governmenrt interference will hurt the auto maker’s chances of returnintg to profitability, Donohue said. “The global talent that existsa in the automotive sector must be allowedx to do its job and be paid on acompetitivde basis,” he said. “Management must be permitted to make tough decisions in a competitivd global market withoutpolitical interference.
” House Minority Leadere John Boehner, R-Ohio, said GM’s bankruptcy filing “may buy some but it doesn’t ensure the company will “The only thing it makesa clear is that the government is firmly in the business of runningt companies using taxpayer dollars,” Boehner said. “Doee anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation toeconomic vitality?? It’s time for the administration to fully explainn what the exit strategy is to get the U.S. government out of the boarfd room once andfor all.
”
martes, 1 de mayo de 2012
Independent task force wants major changes to Stand Your Ground law - MiamiHerald.com
ofycagvezi.blogspot.com
Sunshine State News | Independent task force wants major changes to Stand Your Ground law MiamiHerald.com State Sen. Chris Smith says the Stand-Your-Ground law has been used as cover by perpetrators of crimes and by law-abiding citizens. He wants it overhauled but not repealed. For Sen. Chris Smith's report on Stand Your Ground, ... Independ ent task force to offer recommendations for change in Stand Your ... |
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