Telegraph.co.uk | ASHES 2010: MCG Match Zone: England send records tumbling with crushing win Daily Mail England have won two Ashes Tests by an innings in the same series on four previous occasions: 1886, 1888, 1956 and 1985. ... England wraps up Ashes victory The history boys Blog: How good does this Ashes win feel? |
Wednesday, December 29, 2010
ASHES 2010: MCG Match Zone: England send records tumbling with crushing win - Daily Mail
vidineevostegity.blogspot.com
Monday, December 27, 2010
BAE Systems inks $190M Army contract - Jacksonville Business Journal:
inupujyfab1211.blogspot.com
The kits, known as “B-kits,” will be used as part of the Army’ds long-term armor strategy for its family of mediumtacticapl vehicles. An armored cab allows one of the tactical vehiclez tooperate on- and off-road in non-tactical and low-threar tactical environments with minimal vehicle The crews can increase thei r protection during periods of increasedd threat levels by installing the or appliqué armor. The FMTV LTAS B-kits will be deliveree beginning in April 2009 through August 2010 for use oncargpo trucks, wreckers, expansible vans, shop vans and The B-kits will be made at various London-based BAE Systekm facilities and suppliers, including in Sealy.
The transparent armored cab hatch, and otherr armor elements are being produced at the BAE System s facilityin Cincinnati,
The kits, known as “B-kits,” will be used as part of the Army’ds long-term armor strategy for its family of mediumtacticapl vehicles. An armored cab allows one of the tactical vehiclez tooperate on- and off-road in non-tactical and low-threar tactical environments with minimal vehicle The crews can increase thei r protection during periods of increasedd threat levels by installing the or appliqué armor. The FMTV LTAS B-kits will be deliveree beginning in April 2009 through August 2010 for use oncargpo trucks, wreckers, expansible vans, shop vans and The B-kits will be made at various London-based BAE Systekm facilities and suppliers, including in Sealy.
The transparent armored cab hatch, and otherr armor elements are being produced at the BAE System s facilityin Cincinnati,
Friday, December 24, 2010
Tech workers can look on bright side - Austin Business Journal:
http://www.yournewbestfriends.com/article/What039-s-The-Difference-Between-Dark--Milk-And-White-Chocolate-.html
He also wanted to tap into the deep poolof Austin-area microprocessor industry workers who have been laid off during the last coupl of years. Such workers posses s the skills that translate well to the solar energy VanDell said. And as the number of local microprocessofr industry workers reacheda three-year low in April, the timinvg of solar companies migrating to Central Texas couldn’t be bette for area workers — nor the businesses that need them. “A solar cell is a semiconductor that generates electricitgy when you shine lighton it,” Van Dell “Fortunately, I was quite well aware of the strong mix of companiez and the skill base in Austin.
That was definitelh on my mind when I mover thecompany here.” SolarBridge’s move is a scenario that locakl officials want to repeat multiple timess with the hope that solar panelk manufacturing fills the void left by the contraction in the microprocessorr industry. But the lack of financial incentives from the state is creating a dampenin g effect on attracting solar companies to theAustijn area, observers say.
Proposeed state legislation to createa $1 billionh so-called “Sunny Day for Texas to obtaim federal grants under the American Recoveryh and Reinvestment Act would have been used to attracy such businesses, especially foreig solar companies that want to establish theid North American headquarters in the Austin experts say. But the legislation, which receivedf a public hearing in died in the state HouseAppropriations Committee. To SolarBridge, which was founded in 2004 as SmartSparj EnergySystems Inc., and HelioVolty Inc. are the two most prominent solar energ businesses operating in theAustin area.
which is backed with at least $118 milliohn in venture capital, is wrapping up a plant that will eventuallh crank out a thin film that acts as asolaer panel. “After June, I think there are going to be some projectd rollingin here,” said Raj Prabhu, managinh partner of the Mercom Capital Group LLC, an Austin-basex technology research firm. “It is ‘Who is going to give me the best incentivse packageright now?’” The semiconductofr industry is consolidating, and jobs that are leaving Texas are not expecterd to return. Central Texas has lost 500 microprocessof industry jobs justthis year.
Local chip companiews now employ 15,700 workerse — the lowest level of such locakl jobs sinceApril 2006, according to the U.S. Bureai of Labor Statistics. During the first worldwide sales of semiconductorsreachede $44 billion versus $62.8 billioj during the same period last year, a nearly 30 percenr decline, the Semiconductor Industry Association On the flipside, the demane for solar technology is growing fast. Randalpl Baker, the principal of Austin-based PuraVida Ventureas LLC, said other states are throwing big moneyy at prospective solar companies to woo them into establishing manufacturinb plants intheir states.
Many state officials believe Texaas doesn’t need to do that, so it But it also has the former chip workers to offertsuch companies, and those workers can be retrained for solare in eight weeks to 16 weeks, Bakeer said. But the clockm is running. In March, Bret Raymis, who worker for 30 years in thesemiconductor industry, joinex Austin-based Apache-Solar Corp., where he is now the vice presidengt of business development. The company is developinfg a system with photovoltaid cells combined with architecturalglass panels, and plans to beginm production within 12 months.
He said solarr is still early in its development compared with the progresd that semiconductors made in recent Investors and companies need to ramp up solar technologuy in the United States before the technology gains a footholcdin Asia. “They’re sitting on the fencs with their money,” Raymis said, “and they’re going to wake up and all that business will goto
He also wanted to tap into the deep poolof Austin-area microprocessor industry workers who have been laid off during the last coupl of years. Such workers posses s the skills that translate well to the solar energy VanDell said. And as the number of local microprocessofr industry workers reacheda three-year low in April, the timinvg of solar companies migrating to Central Texas couldn’t be bette for area workers — nor the businesses that need them. “A solar cell is a semiconductor that generates electricitgy when you shine lighton it,” Van Dell “Fortunately, I was quite well aware of the strong mix of companiez and the skill base in Austin.
That was definitelh on my mind when I mover thecompany here.” SolarBridge’s move is a scenario that locakl officials want to repeat multiple timess with the hope that solar panelk manufacturing fills the void left by the contraction in the microprocessorr industry. But the lack of financial incentives from the state is creating a dampenin g effect on attracting solar companies to theAustijn area, observers say.
Proposeed state legislation to createa $1 billionh so-called “Sunny Day for Texas to obtaim federal grants under the American Recoveryh and Reinvestment Act would have been used to attracy such businesses, especially foreig solar companies that want to establish theid North American headquarters in the Austin experts say. But the legislation, which receivedf a public hearing in died in the state HouseAppropriations Committee. To SolarBridge, which was founded in 2004 as SmartSparj EnergySystems Inc., and HelioVolty Inc. are the two most prominent solar energ businesses operating in theAustin area.
which is backed with at least $118 milliohn in venture capital, is wrapping up a plant that will eventuallh crank out a thin film that acts as asolaer panel. “After June, I think there are going to be some projectd rollingin here,” said Raj Prabhu, managinh partner of the Mercom Capital Group LLC, an Austin-basex technology research firm. “It is ‘Who is going to give me the best incentivse packageright now?’” The semiconductofr industry is consolidating, and jobs that are leaving Texas are not expecterd to return. Central Texas has lost 500 microprocessof industry jobs justthis year.
Local chip companiews now employ 15,700 workerse — the lowest level of such locakl jobs sinceApril 2006, according to the U.S. Bureai of Labor Statistics. During the first worldwide sales of semiconductorsreachede $44 billion versus $62.8 billioj during the same period last year, a nearly 30 percenr decline, the Semiconductor Industry Association On the flipside, the demane for solar technology is growing fast. Randalpl Baker, the principal of Austin-based PuraVida Ventureas LLC, said other states are throwing big moneyy at prospective solar companies to woo them into establishing manufacturinb plants intheir states.
Many state officials believe Texaas doesn’t need to do that, so it But it also has the former chip workers to offertsuch companies, and those workers can be retrained for solare in eight weeks to 16 weeks, Bakeer said. But the clockm is running. In March, Bret Raymis, who worker for 30 years in thesemiconductor industry, joinex Austin-based Apache-Solar Corp., where he is now the vice presidengt of business development. The company is developinfg a system with photovoltaid cells combined with architecturalglass panels, and plans to beginm production within 12 months.
He said solarr is still early in its development compared with the progresd that semiconductors made in recent Investors and companies need to ramp up solar technologuy in the United States before the technology gains a footholcdin Asia. “They’re sitting on the fencs with their money,” Raymis said, “and they’re going to wake up and all that business will goto
Wednesday, December 22, 2010
AutoZone board approves $500M stock repurchase - The Business Review (Albany):
http://olealawyers.com/2009/03/oleas-commitment-to-socially-conscious-lawyering/
The company’s board of directorzs approved the repurchase June 17 as part ofthe company’s ongoin g share repurchase program, the company announced aftet the close of markets Wednesday. The last repurchase authorization was in Decembee and was asimilar $500 million. There were thre $500 million authorizations in 2008 and a totalof $7.9 billiob since 1998. "We remain committecd to utilizing share repurchases within the bounds of a disciplinexd capital structure to enhance stockholder returns while maintaining adequate liquidithy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinb retailer and distributor of automotive replacement parts and accessories in the U.
S. The company sellss auto and lighttruck parts, chemicals and accessories through 4,172 AutoZone stores in 48 states, the District of Columbiw and Puerto Rico in the U.S. and 168 storesd in Mexico. Shares of AutoZone close Wednesdayat $155.54, up 2.37
The company’s board of directorzs approved the repurchase June 17 as part ofthe company’s ongoin g share repurchase program, the company announced aftet the close of markets Wednesday. The last repurchase authorization was in Decembee and was asimilar $500 million. There were thre $500 million authorizations in 2008 and a totalof $7.9 billiob since 1998. "We remain committecd to utilizing share repurchases within the bounds of a disciplinexd capital structure to enhance stockholder returns while maintaining adequate liquidithy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinb retailer and distributor of automotive replacement parts and accessories in the U.
S. The company sellss auto and lighttruck parts, chemicals and accessories through 4,172 AutoZone stores in 48 states, the District of Columbiw and Puerto Rico in the U.S. and 168 storesd in Mexico. Shares of AutoZone close Wednesdayat $155.54, up 2.37
Sunday, December 19, 2010
GE Aviation sets sights on new segment - Business Courier of Cincinnati:
idellecromwell1991.blogspot.com
It is making a concertesd push on several fronts intogenerapl aviation, developing smaller engines that power businessa jets and other light and midsizr aircraft that are not part of the airline Despite a rash of bad publicity recently related to corporate executive perks, officials at GE Aviation’as Evendale headquarters think the sector offers significant potential. It hopes to grab market share from existingsuppliers – including enginse rival and aviation systems provideres such as and – and to participate in the segment’es continued rapid growth once global economicx expansion resumes.
“In undoubtedly the worstg economic crisis since WorldWar II, it’s still a tremendous space,” said Chet Fuller, GE Aviation’s generapl manager of marketing. “There are two thingds fueling business aviation, and they aren’t goinh to change.” One is the globap expansion of wealth and the need for businesspeople to reach remoteareas efficiently. The other is heightened security that adds considerable time to commercial flights over and above the hour s spent in the air andmaking “If you’re a business owner with half a doze sites ... chances are it’s going to be impractical to alwayws usecommercial flights.
The cost-conscious solution is a privatde aircraft,” Fuller said. Fuller himselv flies 350,000 miles a almost all on commercial airlines. He cites trips to Wichita, Kan., only a two-and-a-half hour fligh t from Cincinnati on aprivate jet. But it’s an all-day trip on a commerciapl airline. Either you leavee early in the morning and get back late at or youstay overnight. “It is he said. GE Aviation’xs push into general aviation began in 2004 when it formed GE Hondas AeroEngines LLC, a 50-50 joint venturw with The venture is developing a power plant for Honda’ s HondaJet, a six-passenger light business jet.
The HF120 engin is a derivative of an engine Honda which has been improved withGE Aviation’s engin e design and materials technology. Fuller said GE Aviatio n is investingabout $250 million. The HF120p is expected to be certified this More than200 twin-engine HondaJets are on GE Aviation’s next one that affects general aviation more indirectly, came in 2007 when it acquired U.K.-based . It renamed that businesw GE Aviation Systems, moving its headquarter to Evendale. It’s important for GE Aviation’e general strategy because it enable it to offer manufacturers of generaol aviation aircraft a package of engines and related electronic andmechanicalk systems.
The systems include avionics and flightmanagement systems, power generation and distribution equipment, and digital flight By offering aircraft manufacturers an integrated package, GE Aviatiob can reduce weight and cut operating while at the same time improving productiobn efficiencies, Fuller said. GE is biddinhg on a number of sole-source agreements of that type withairframs manufacturers. Continuing its move down-channel to smaller GE Aviation acquired in the Czecu Republiclast year. It’s investing $60 millionj to upgrade its core enginw and production facilitiesin Prague.
Walter makes turboprop engines – something GE Aviation hasn’t made in decades, although it did develop the first U.S. turbopropo in the 1940s. GE Aviation’s upgradedc Walter M601 turboprop is expected to be certified latedrthis year. Fuller said GE Aviatio n plans to market it as a cheaper alternative toPratt Whitney’s market-leading PT6 turboprop. Also last year, GE Aviation established a in Evendals to focus on customer supporft tailored to individual as distinct from fleet operators who typify the commercial The next major step inGE Aviation’as initiative will be the development of a new enginew for regional commuter aircraft and large-cabin business jets.
Dubbed TechX, the engine has been in the worksx for a while and eventually will replaceGE Aviation’s CF34 familh that evolved decades ago from a militart engine. Representing a $400 million it will incorporate many of the advances in desigband high-tech materials that are being developecd with larger engines in mind. TechX gives it a chancse to bring them to markegmuch sooner. Aerospace industry analyst Richard Aboulafia with the in Va., said GE Aviation’s move into general aviation makes senseslong term. Right now the sector is falling fastere thanany other, but it had been the fastest-growing beforse the downturn.
General aviation typically has higher marginsa thanthe large-engine market, and revenues had been growing at twice the rate in recent he said. “If you believe in long-term future this is a good place to putyour money,” Aboulafiaz said. Ed Bolen, CEO of the , said “righy now, things are not good,” in that But he concurred with Fuller’s assessment. Privately owned business aircraft give companies the flexibility to locate facilities in many small and midsize towns with poorcommerciap service, Bolen said. They’re also productivity as they turn travel time intowork time.
Peoples can’t have confidential conversations on a commercialk airliner but can on aprivate plane, he said. As bad as the environmentt is – hours flown were down 30 percenft year-over-year in January – the sectoer will be well-positioned when the economy start sgrowing again, Bolen said. “Companiesd will be very lean and focused on an ideal environment forbusiness aviation, he said. Aboulafis said GE Aviation has its workcut out. Pratt Whitney has had a very strong position in general aviation for and Rolls-Royce is well-positioned, he said.
GE Aviation’s move into the turbopropo market withthe Czech-made M601 is “easily the weakest part of their strategy,” he It’s unlikely to have any technology that will alloq it to make a dent in Pratt’s “unquestioned marke t dominance.” It might be able to do it if it buil t a new engine from “but that would take a long time,” Aboulafia said. GE’s initiative is not likely to make a huge impact on the numberfof Tri-State manufacturing jobs. The enginees are mostly made elsewhere.
But the researcnh and engineering employed to develop and test the enginesz and to maintain their competitiveness over time is a key driverfof Cincinnati’s regional economy. (See related page 19) Much of the engineerinh is being done in The overall potential of general aviation is comparable to that ofcommercial aviation, where GE Aviation is No. 1, “but it’s not going to be that size,” Fulleer said.
“You don’t create that kind of volume overnight, no matterr how much you want to or how muchyou
It is making a concertesd push on several fronts intogenerapl aviation, developing smaller engines that power businessa jets and other light and midsizr aircraft that are not part of the airline Despite a rash of bad publicity recently related to corporate executive perks, officials at GE Aviation’as Evendale headquarters think the sector offers significant potential. It hopes to grab market share from existingsuppliers – including enginse rival and aviation systems provideres such as and – and to participate in the segment’es continued rapid growth once global economicx expansion resumes.
“In undoubtedly the worstg economic crisis since WorldWar II, it’s still a tremendous space,” said Chet Fuller, GE Aviation’s generapl manager of marketing. “There are two thingds fueling business aviation, and they aren’t goinh to change.” One is the globap expansion of wealth and the need for businesspeople to reach remoteareas efficiently. The other is heightened security that adds considerable time to commercial flights over and above the hour s spent in the air andmaking “If you’re a business owner with half a doze sites ... chances are it’s going to be impractical to alwayws usecommercial flights.
The cost-conscious solution is a privatde aircraft,” Fuller said. Fuller himselv flies 350,000 miles a almost all on commercial airlines. He cites trips to Wichita, Kan., only a two-and-a-half hour fligh t from Cincinnati on aprivate jet. But it’s an all-day trip on a commerciapl airline. Either you leavee early in the morning and get back late at or youstay overnight. “It is he said. GE Aviation’xs push into general aviation began in 2004 when it formed GE Hondas AeroEngines LLC, a 50-50 joint venturw with The venture is developing a power plant for Honda’ s HondaJet, a six-passenger light business jet.
The HF120 engin is a derivative of an engine Honda which has been improved withGE Aviation’s engin e design and materials technology. Fuller said GE Aviatio n is investingabout $250 million. The HF120p is expected to be certified this More than200 twin-engine HondaJets are on GE Aviation’s next one that affects general aviation more indirectly, came in 2007 when it acquired U.K.-based . It renamed that businesw GE Aviation Systems, moving its headquarter to Evendale. It’s important for GE Aviation’e general strategy because it enable it to offer manufacturers of generaol aviation aircraft a package of engines and related electronic andmechanicalk systems.
The systems include avionics and flightmanagement systems, power generation and distribution equipment, and digital flight By offering aircraft manufacturers an integrated package, GE Aviatiob can reduce weight and cut operating while at the same time improving productiobn efficiencies, Fuller said. GE is biddinhg on a number of sole-source agreements of that type withairframs manufacturers. Continuing its move down-channel to smaller GE Aviation acquired in the Czecu Republiclast year. It’s investing $60 millionj to upgrade its core enginw and production facilitiesin Prague.
Walter makes turboprop engines – something GE Aviation hasn’t made in decades, although it did develop the first U.S. turbopropo in the 1940s. GE Aviation’s upgradedc Walter M601 turboprop is expected to be certified latedrthis year. Fuller said GE Aviatio n plans to market it as a cheaper alternative toPratt Whitney’s market-leading PT6 turboprop. Also last year, GE Aviation established a in Evendals to focus on customer supporft tailored to individual as distinct from fleet operators who typify the commercial The next major step inGE Aviation’as initiative will be the development of a new enginew for regional commuter aircraft and large-cabin business jets.
Dubbed TechX, the engine has been in the worksx for a while and eventually will replaceGE Aviation’s CF34 familh that evolved decades ago from a militart engine. Representing a $400 million it will incorporate many of the advances in desigband high-tech materials that are being developecd with larger engines in mind. TechX gives it a chancse to bring them to markegmuch sooner. Aerospace industry analyst Richard Aboulafia with the in Va., said GE Aviation’s move into general aviation makes senseslong term. Right now the sector is falling fastere thanany other, but it had been the fastest-growing beforse the downturn.
General aviation typically has higher marginsa thanthe large-engine market, and revenues had been growing at twice the rate in recent he said. “If you believe in long-term future this is a good place to putyour money,” Aboulafiaz said. Ed Bolen, CEO of the , said “righy now, things are not good,” in that But he concurred with Fuller’s assessment. Privately owned business aircraft give companies the flexibility to locate facilities in many small and midsize towns with poorcommerciap service, Bolen said. They’re also productivity as they turn travel time intowork time.
Peoples can’t have confidential conversations on a commercialk airliner but can on aprivate plane, he said. As bad as the environmentt is – hours flown were down 30 percenft year-over-year in January – the sectoer will be well-positioned when the economy start sgrowing again, Bolen said. “Companiesd will be very lean and focused on an ideal environment forbusiness aviation, he said. Aboulafis said GE Aviation has its workcut out. Pratt Whitney has had a very strong position in general aviation for and Rolls-Royce is well-positioned, he said.
GE Aviation’s move into the turbopropo market withthe Czech-made M601 is “easily the weakest part of their strategy,” he It’s unlikely to have any technology that will alloq it to make a dent in Pratt’s “unquestioned marke t dominance.” It might be able to do it if it buil t a new engine from “but that would take a long time,” Aboulafia said. GE’s initiative is not likely to make a huge impact on the numberfof Tri-State manufacturing jobs. The enginees are mostly made elsewhere.
But the researcnh and engineering employed to develop and test the enginesz and to maintain their competitiveness over time is a key driverfof Cincinnati’s regional economy. (See related page 19) Much of the engineerinh is being done in The overall potential of general aviation is comparable to that ofcommercial aviation, where GE Aviation is No. 1, “but it’s not going to be that size,” Fulleer said.
“You don’t create that kind of volume overnight, no matterr how much you want to or how muchyou
Friday, December 17, 2010
Naphtha Margins Climb on Outlook for China's Rising Demand: Oil Products - Bloomberg
pmkathleen-comregional.blogspot.com
Globe and Mail | Naphtha Margins Climb on Outlook for China's Rising Demand: Oil Products Bloomberg Asia naphtha margins rose for a second week on optimism that petrochemical demand in China will remain strong. ... Oil up in Asian trade on demand expectations Crude Hurt By Low Gasoline Demand OIL FUTURES: Crude F » |
Tuesday, December 14, 2010
MLB's Flush Foursome Show East Coast Spending Still Knows No Bounds - FanHouse
soileauifyyfa1786.blogspot.com
CBC.ca | MLB's Flush Foursome Show East Coast Spending Still Knows No Bounds FanHouse The Phillies, meanwhile have become the Yankees and Red Sox of the National League, flush with money and willing and able to spend heavily on not only ... Braves again watch while Phillies sign Lee, spend millions Braves, Now Phillies Spend To Win SPEAKING OF SPORTS: A Yankee loss is an MLB win |
Sunday, December 12, 2010
Top retailers located in Tampa Bay mean big numbers for real estate - Tampa Bay Business Journal:
mesiaipuhuni1981.blogspot.com
A survey released last month by the of morethan 3,0090 mall managers and marketing directorsa in the United States and Canad chose , , , and Steve & Barry's University Sportswear as the retailers to keep an eye on this With the exception of Steve Barry's, the retailers appeal to upscale consumers -- the kind that are drivingb growth in the Tampa Bay And all but Steve & Barry's have a presenc e here. The big winner is , wher three of the four hottest retailersare located. The Apple store is the only one in the Bay and Coach can only be founde there and at Westfield Southgatein Sarasota. For International Plaza is one of four locations inthe area.
Havingv those shops under one roof "brings together the synergy that consumers in Tamp a Bay havebeen missing," said Aj GM of International Plaza. Williams-Sonomq also has locations in Old Hyde Park Westfield Citrus Park andWestfield Southgate, while White House/Black Marke is in Old Hyde Park Village, Baywalk in St. Petersburt and on St. Armand's Circle in Sarasota. Davidr Conn, senior VP for retail services atin Tampa, said of the four upscale "If you could land them in one of your malls, it says somethingh about your malls." For a long time, the Tampa Bay area wasn'g considered wealthy enough to attract high-end retailers such as and .
"Oned day we crossed that magic Conn said. Retailers "look for some magidc number, which they think means there is enougg money out there to supporttheirt stores." Once an area lands one or two high-en d retailers, it is likely to attract more. "There'as a herd mentality," Conn said. For the Tampa Bay area, the boominyg population and the creationof well-payingh jobs are drawing such retailers, he James West, senior VP for real estat for White House/Black Market, said the retailer, which is a subsidiart of Fort Myers-based , "opens in markets with high growth potentiall and a demographic profile that fits a similar profile to our target customer.
" That target shoppefr is 25 to 50 years old and likexs feminine and unique clothing sold in a boutiqued atmosphere. Pat Westerhouse, GM of Old Hyde Park Village, said Whitew House/Black Market and Williams-Sonoma are both "destinationh stores" that draw shoppers to the center. Williams-Sonoma was one of the originaol tenants ofthe center, which opened in and has expanded twice sinced that time. Its first shop was about 2,500 or 3,000 squars feet. In October, the companu moved to a 6,500-square-foot site in a cornet of what once wasdepartment store. story," Westerhousee said.
The closest Steve & Barry's is located in Orlando, and the retailer, which offerss low-cost college sweatshirts and similar apparel, tends to move into mallx that have lost ananchore tenant, Conn said. Although he hasn' heard talk of Steve Barry's coming to the Bay Conn said a likely location wouldr beUniversity Mall, wherd JC Penney has announced it will close and move to the Shopx at Wiregrass, being built in Pasco County.
One of the next entriex into the Tampa Bay area retaiol scene will be Lakeside Villaged insouthwest Lakeland, which is scheduled to open in The shopping and entertainment center will have the firsg 's department store in the area and will also brinv businesses like Chico's, , , Macaroni Grill and Lee Roy Selmon'sd to Polk County, said Steve Scruggs, executive directo r of the . "The Polk Countt market hasn't had a lot of upscal national retailers," Scruggs said. "Most of the people that have had the wherewithakl to be able to shop at those typess of locations have been traveling back and forthb to Tampa andOrlando forever.
" That means an estimatef $300 million to $400 millioh in retail sales is beingg spent annually outside the Once the $80-million, 630,000-square-foot project is completed, "it will give us the opportunit to capture some of that," Scruggd said.
A survey released last month by the of morethan 3,0090 mall managers and marketing directorsa in the United States and Canad chose , , , and Steve & Barry's University Sportswear as the retailers to keep an eye on this With the exception of Steve Barry's, the retailers appeal to upscale consumers -- the kind that are drivingb growth in the Tampa Bay And all but Steve & Barry's have a presenc e here. The big winner is , wher three of the four hottest retailersare located. The Apple store is the only one in the Bay and Coach can only be founde there and at Westfield Southgatein Sarasota. For International Plaza is one of four locations inthe area.
Havingv those shops under one roof "brings together the synergy that consumers in Tamp a Bay havebeen missing," said Aj GM of International Plaza. Williams-Sonomq also has locations in Old Hyde Park Westfield Citrus Park andWestfield Southgate, while White House/Black Marke is in Old Hyde Park Village, Baywalk in St. Petersburt and on St. Armand's Circle in Sarasota. Davidr Conn, senior VP for retail services atin Tampa, said of the four upscale "If you could land them in one of your malls, it says somethingh about your malls." For a long time, the Tampa Bay area wasn'g considered wealthy enough to attract high-end retailers such as and .
"Oned day we crossed that magic Conn said. Retailers "look for some magidc number, which they think means there is enougg money out there to supporttheirt stores." Once an area lands one or two high-en d retailers, it is likely to attract more. "There'as a herd mentality," Conn said. For the Tampa Bay area, the boominyg population and the creationof well-payingh jobs are drawing such retailers, he James West, senior VP for real estat for White House/Black Market, said the retailer, which is a subsidiart of Fort Myers-based , "opens in markets with high growth potentiall and a demographic profile that fits a similar profile to our target customer.
" That target shoppefr is 25 to 50 years old and likexs feminine and unique clothing sold in a boutiqued atmosphere. Pat Westerhouse, GM of Old Hyde Park Village, said Whitew House/Black Market and Williams-Sonoma are both "destinationh stores" that draw shoppers to the center. Williams-Sonoma was one of the originaol tenants ofthe center, which opened in and has expanded twice sinced that time. Its first shop was about 2,500 or 3,000 squars feet. In October, the companu moved to a 6,500-square-foot site in a cornet of what once wasdepartment store. story," Westerhousee said.
The closest Steve & Barry's is located in Orlando, and the retailer, which offerss low-cost college sweatshirts and similar apparel, tends to move into mallx that have lost ananchore tenant, Conn said. Although he hasn' heard talk of Steve Barry's coming to the Bay Conn said a likely location wouldr beUniversity Mall, wherd JC Penney has announced it will close and move to the Shopx at Wiregrass, being built in Pasco County.
One of the next entriex into the Tampa Bay area retaiol scene will be Lakeside Villaged insouthwest Lakeland, which is scheduled to open in The shopping and entertainment center will have the firsg 's department store in the area and will also brinv businesses like Chico's, , , Macaroni Grill and Lee Roy Selmon'sd to Polk County, said Steve Scruggs, executive directo r of the . "The Polk Countt market hasn't had a lot of upscal national retailers," Scruggs said. "Most of the people that have had the wherewithakl to be able to shop at those typess of locations have been traveling back and forthb to Tampa andOrlando forever.
" That means an estimatef $300 million to $400 millioh in retail sales is beingg spent annually outside the Once the $80-million, 630,000-square-foot project is completed, "it will give us the opportunit to capture some of that," Scruggd said.
Thursday, December 9, 2010
Investment returns slow Cinti. Financial earnings - Business Courier of Cincinnati:
http://www.uctxs.com/infusions/theme_database/fusion-themes.html
The company posted fourth-quarter net income of $161 or 99 cents per share, comparexd to $187 million, or $1.11 per in fourth-quarter 2007. Total revenues rose 4.2 to $1 billion from $977 million. Analysts, on had expected operating incom of 55 centsper share, comparedf to Cincinnati Financial's 57 centsx per share for the fourth quarter, and revenues of $916 For the full year, Cincinnatio Financial reported net income of $429 million, or $2.62 per down almost 50 percent from $855 million, or $4.987 per share, in 2007. Total revenuew rose to $3.8 billion from $4.3 billion. The drop in investmenrt income – down 20.5 percent for the quarte and 11.
6 percent for the year contributed tolower profits. Cincinnati Financial, on Feb. 2, its stoclk in (NASDAQ: FITB). The insurerd had once been thebanking company’es largest shareholder. “As we stated on we’re working on a variety of initiatives, includintg the repositioning of ourinvestment portfolio, to preserve our capitalp strength and liquidity,” said Kenneth Stecher, president and CEO, in a news The company is focusing on upgradinh information technology systems for its commercial and personal lines, as well as expanding its geographi c footprint and adding more Stecher added. The property casualtyg combined ratiowas 98.9 percent for the quartee and 100.
6 percent for the Shares of Cincinnati Financial (NASDAQ: lost 29 cents, to $21.73, in Thursday afternoonj trading. Cincinnati Financial, headquartered in Fairfield, offerx commercial, personal and life insurance products in theUniteds States.
The company posted fourth-quarter net income of $161 or 99 cents per share, comparexd to $187 million, or $1.11 per in fourth-quarter 2007. Total revenues rose 4.2 to $1 billion from $977 million. Analysts, on had expected operating incom of 55 centsper share, comparedf to Cincinnati Financial's 57 centsx per share for the fourth quarter, and revenues of $916 For the full year, Cincinnatio Financial reported net income of $429 million, or $2.62 per down almost 50 percent from $855 million, or $4.987 per share, in 2007. Total revenuew rose to $3.8 billion from $4.3 billion. The drop in investmenrt income – down 20.5 percent for the quarte and 11.
6 percent for the year contributed tolower profits. Cincinnati Financial, on Feb. 2, its stoclk in (NASDAQ: FITB). The insurerd had once been thebanking company’es largest shareholder. “As we stated on we’re working on a variety of initiatives, includintg the repositioning of ourinvestment portfolio, to preserve our capitalp strength and liquidity,” said Kenneth Stecher, president and CEO, in a news The company is focusing on upgradinh information technology systems for its commercial and personal lines, as well as expanding its geographi c footprint and adding more Stecher added. The property casualtyg combined ratiowas 98.9 percent for the quartee and 100.
6 percent for the Shares of Cincinnati Financial (NASDAQ: lost 29 cents, to $21.73, in Thursday afternoonj trading. Cincinnati Financial, headquartered in Fairfield, offerx commercial, personal and life insurance products in theUniteds States.
Tuesday, December 7, 2010
Conference Board's U.S. employment index edges up in May - Denver Business Journal:
http://www.national1031.com/subsidiaries/trans/index-06-04-05-30-09.html
The organization’s Employment Trends Indexd was 89.9, up 0.2 percen from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The indes number is relative to 100for 1996. “While it is too earlt to say that the ETIhas bottomed, the moderation of the last two monthsz is certainly a sign that the declinde in job losses is real and signalse that the worst is over,” Gad The Conference Board’s senior said in a “However, as the economic recovery over the coming monthse is likely to be very slow, we stilpl expect the unemployment rate to continue to increase to doublre digits by the end of this year and into • Percentage of respondent s who say they find “jobs hard to gathered from The Conference Board Consumer Confidencew Survey.
• Initial claims for unemployment insurance, from • Percentage of firms with positions not able to fill right now because of inability to findsuitable candidates, from the National Federationh of Independent Business Research Foundation. • Numbef of employees hired by the temporary-help from the . • Part-time workers for economi c reasons, from Bureau of Labor • Job openings, from the Bureau of Labor • Industrial production, from the Federal Reservde Board. • Real manufacturing and trader sales, from the U.S. Bureau of Economic Analysis. The Conference Board is an independent NewYork City-based nonprofig organization.
The organization’s Employment Trends Indexd was 89.9, up 0.2 percen from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The indes number is relative to 100for 1996. “While it is too earlt to say that the ETIhas bottomed, the moderation of the last two monthsz is certainly a sign that the declinde in job losses is real and signalse that the worst is over,” Gad The Conference Board’s senior said in a “However, as the economic recovery over the coming monthse is likely to be very slow, we stilpl expect the unemployment rate to continue to increase to doublre digits by the end of this year and into • Percentage of respondent s who say they find “jobs hard to gathered from The Conference Board Consumer Confidencew Survey.
• Initial claims for unemployment insurance, from • Percentage of firms with positions not able to fill right now because of inability to findsuitable candidates, from the National Federationh of Independent Business Research Foundation. • Numbef of employees hired by the temporary-help from the . • Part-time workers for economi c reasons, from Bureau of Labor • Job openings, from the Bureau of Labor • Industrial production, from the Federal Reservde Board. • Real manufacturing and trader sales, from the U.S. Bureau of Economic Analysis. The Conference Board is an independent NewYork City-based nonprofig organization.
Saturday, December 4, 2010
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Houston Business Journal:
buunamula-fastest.blogspot.com
Kokam’s , to be dubbed Summir Battery Park, would employ an estimated 900 people with averagr annual salariesof $40,000. Kokam President Don Nissanka has said he hopees to break ground before the end of the probably at a site of more than 40 acree in the vicinityof Kokam’s current 50,000-square-foot Lee’z Summit plant. Nissanka was out of the countrg Mondayand couldn’t be reached for comment. Kokam, a startup founded in October 2005, burst into the limelighrt this year. picked Kansaw City for an assembly facility largely becauseof Kokam’d proximity.
And with federal stimulus dollars and statr moneyseeking advanced-battery-makers, a joint venture involving Kokaj landed a commitment in April of nearly $145 milliom in incentives from Michigan to build a battery plant therr that’s similar to the one plannef locally. The group also applied for federal stimulus money. Schaefer, R-Columbia, sent a letter to Nixon on Thursday proposing that financing be cutby $11.5 million combined for Kokam’d Lee’s Summit plant and another battery plant in Joplin to help preserves $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 milliobn hospital project.
“Every indication that I’j getting is that (Nixon) intends to veto the money for the Schaefer said, adding that Nixon’s veto probably wouled kill the entire $200 million project. “Spending public funds on a cancer hospital owned by the citizens of Missouri is alwayz going to win out over giving publicf funds to a private company for abatter plant,” Schaefer said. “Nobod has told me that the lower amoun wouldkill (Kokam’s Lee’s Summit) project.” Nixon spokesmamn Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his staff have been reviewinb the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrao services in place. Jim CEO of the l, said he thoughg Schaefer’s proposal was “not as serious” a threat as the EDC firs t thought, “but you nevef know in politics.” The EDC issuedc a release Friday encouraging Nixon to keep theKokan plant’s financing fully in place.
Kokam’s , to be dubbed Summir Battery Park, would employ an estimated 900 people with averagr annual salariesof $40,000. Kokam President Don Nissanka has said he hopees to break ground before the end of the probably at a site of more than 40 acree in the vicinityof Kokam’s current 50,000-square-foot Lee’z Summit plant. Nissanka was out of the countrg Mondayand couldn’t be reached for comment. Kokam, a startup founded in October 2005, burst into the limelighrt this year. picked Kansaw City for an assembly facility largely becauseof Kokam’d proximity.
And with federal stimulus dollars and statr moneyseeking advanced-battery-makers, a joint venture involving Kokaj landed a commitment in April of nearly $145 milliom in incentives from Michigan to build a battery plant therr that’s similar to the one plannef locally. The group also applied for federal stimulus money. Schaefer, R-Columbia, sent a letter to Nixon on Thursday proposing that financing be cutby $11.5 million combined for Kokam’d Lee’s Summit plant and another battery plant in Joplin to help preserves $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 milliobn hospital project.
“Every indication that I’j getting is that (Nixon) intends to veto the money for the Schaefer said, adding that Nixon’s veto probably wouled kill the entire $200 million project. “Spending public funds on a cancer hospital owned by the citizens of Missouri is alwayz going to win out over giving publicf funds to a private company for abatter plant,” Schaefer said. “Nobod has told me that the lower amoun wouldkill (Kokam’s Lee’s Summit) project.” Nixon spokesmamn Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his staff have been reviewinb the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrao services in place. Jim CEO of the l, said he thoughg Schaefer’s proposal was “not as serious” a threat as the EDC firs t thought, “but you nevef know in politics.” The EDC issuedc a release Friday encouraging Nixon to keep theKokan plant’s financing fully in place.
Thursday, December 2, 2010
Fred
http://hrkropp.com/article/Tough-Sell--Realtor-com-Increases-Rates.html
The Memphis-based discount retailer reported salexsof $134.7 million for May, down 6 percenrt compared to sales of $143.4 million in May 2008. These numberxs include Fred’s (NASDAQ: FRED) closing 74 underperforminh stores and23 pharmacies. Excludin those stores, Fred’s sales increased 1 percent comparede tolast May. Comparable storde sales in Mayrose 0.2 percent, down compared to 3.4 percent in the same perioe last year. For the first four fiscal months of the company reported total saleswof $593.1 million, down 2.4 percentr compared to $607.7 million for the same year-agoo period.
However, excluding stores closed in 2008, salee from ongoing stores increased 4 percenyt compared to thesame four-month period last On a comparable stores basis, year-to-date sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openedf one new pharmacy in May. Fred’s operates 666 discount merchandiser stores, including 24 franchised stores nationwide. Shares closex down 12 cents to $14.
22 per share
The Memphis-based discount retailer reported salexsof $134.7 million for May, down 6 percenrt compared to sales of $143.4 million in May 2008. These numberxs include Fred’s (NASDAQ: FRED) closing 74 underperforminh stores and23 pharmacies. Excludin those stores, Fred’s sales increased 1 percent comparede tolast May. Comparable storde sales in Mayrose 0.2 percent, down compared to 3.4 percent in the same perioe last year. For the first four fiscal months of the company reported total saleswof $593.1 million, down 2.4 percentr compared to $607.7 million for the same year-agoo period.
However, excluding stores closed in 2008, salee from ongoing stores increased 4 percenyt compared to thesame four-month period last On a comparable stores basis, year-to-date sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openedf one new pharmacy in May. Fred’s operates 666 discount merchandiser stores, including 24 franchised stores nationwide. Shares closex down 12 cents to $14.
22 per share
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