Monday, August 29, 2011

Report: D.C. faces large development pipeline - Minneapolis / St. Paul Business Journal:

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Inching near 9 million squarwe feet, D.C.’s development pipeline is the highestg inthe U.S. and remains largely not leasedand available. Out of those 22 office projectw under construction and renovationin D.C. -- with estimatedc delivery dates ranging from this quartetr to early2011 -- just 24 percenyt of the space has been “However, the impact will likely be most pronounced for non-core markets including Capitolo Hill/NoMa, Southwest and Ball Park/Navy Yard, where nearly 80 percenrt of the speculative projects are said Sigrid Zialcita, research directore for Cushman & Wakefield. Throug the first quarter, only 20 percentf of those new projects hadbeen pre-leased.
Should the rest of thoswe projects deliverempty -- a worse-cas e scenario -- the vacancy rate for non-corde markets could double over the next two said Zialcita. That rate stood at 9.7 percent as of last “In contrast, the addition of closer to 2 million square feet in the central business district (CBD) and East End is less likely to pose a serioues threat to those markets, though only 30 percent have been committedf to private sector tenants,” said Zialcita, adding that if pre-leasing remains low through the delivery of those projects, the vacancy rate could increase by 2 or 3 percentage pointse but still hover clos to market equilibrium of 10 percent. In D.C.
, four projects in the CBD andCapitol Riverfront’s 100 M Street SE buildingh delivered in the first Those five projects totalling 1 million squarre feet are just 27.6 percent Only one project -- 1000 Connecticut Ave. NW -- is slatedr to start this year inthe CBD. The good news is that -designed building is mostly pre-leased to law firm LLP. “Though we believe no significangt rebound in absorption will occur untilafterr 2010, there are several factorx that provide an upside potentiao to demand,” said Zialcita.
Proposals to toughemn regulation of the financial and insurancw sectors might fuel the growth of regulatory agencies in said Zialcita, and ’s plans to spend more than $1 billionm of its stimulus funding for government buildings in the area should also “The redevelopment of these government facilitiesa will boost demand for swing space in the said Zialcita.

Thursday, August 25, 2011

AP Exclusive: 5 years later, Jena 6 move on - The Associated Press

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The Associated Press


AP Exclusive: 5 years later, Jena 6 move on

The Associated Press


Three days later, five of them were charged with attempted murder. The town has moved on from the perception of racial tension that once defined it. So, too, have the Jena Six. Reed Walters, the LaS »

Tuesday, August 23, 2011

Toll Brothers, Inc. Company Profile | TOL Company Information

http://www.botiguesdeleixample.com/internet-insurance-leads-are-changing-the-industry/
Toll Brothers is the only publicx home builder to win all threee of the most coveted awards in the home buildinvindustry - America's Best Builder, National Builder of the Year and the 1995 Nationaol Housing Quality Gold Award. Builder Magazine, in defining the qualities of America'es Best Builder, stated: "Excellence has a consistentf nature. Certainly there are exceptional talents, but for the most excellence evolves from doing therighyt things, very well, over and over... [America's Best share the best business practices in the By adhering to these practices and honinggthem continually, these builders have built strong market motivated employees and bulletproof balancr sheets.
" In choosing Toll Brothers as America's Best Builder in the large builderr category, the judging committee cited the Company'z unique system of "custom production" luxurty home building, excellent financial performance, and the qualityu of its designs as among the major reasons for its Co-sponsored by Reed Business Information, publisher s of Professional Builder and Professional Remodeler magazines, the National Housing Quality Awarr is patterned after the prestigiouse Malcolm Baldrige Award, which recognizeas companies for outstanding commitment to total quality management and continuous Toll Brothers was honored for outstandingt leadership, customer satisfaction and quality ...

Saturday, August 20, 2011

Enterprise Financial Services takes huge write-down - St. Louis Business Journal:

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Banks and other financial servicew companies have been hitespeciallyu hard, and this week announced it had eliminated all of the goodwilkl associated with its banking segment, a $45.4 milliom charge, resulting in a first-quarte r net loss of $50.6 “Given the uncertainty and cynicis m about banking asset valuations in general, we eliminated the bankinv goodwill entirely from our balance Peter Benoist, the company’sd president and chief said in a statement. Other companies with St. Louia ties that have taken write-downs recently include Macy’s, $5.4 billion; , $1.5 and , parent company of the and Shop ’ n Save grocery chains, $3.3 billion.
Goodwill is an accounting term used to reflecf the portion of the book value of a businesws not directly attributable to its assets and Itis intangible, hard to measure and difficulty to account for. Nationally, the lossesw from goodwill write-downs have been in the tens of billionsof dollars, the New York Times reported recently, with bankd alone writing down $25 billion in goodwill in up from $790 million. Often the write-downs relate to acquisitions made duringrecent go-go when companies overpaid for assets by usinh overpriced stock. The Macy’s losses, for are tied to its purchase ofMay Co. in the economic downturn and the declinde in itsmarket capitalization.
Last year, beford its sale to , reduced the value of its goodwilpby $18.7 billion, largelt because of its purchase of troubledd mortgage lender Golden West. “You have a lot of companiesw that made acquisitions at prices generallyg abovebook value,” said Ken Crawford, a portfolio manager at .

Thursday, August 18, 2011

Lack of support will make Arizona lag further in tech - Phoenix Business Journal:

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The state’s tech employment base is shrinking fastere thannational averages, the number of patents issued has declined, and universityt research is stagnating — all cautionaryu signs, said Mitch Horowitz, vice presiden t and managing director of Battelle’s Technology Partnershipp Practice, which produced the report. The situatioh must be addressed, he said. “You can’t just assumew things are just going to grow from yearto year.
” The repory — a look at one year of information from the Arizona technolog sector — is evidence the state needs to continus pushing for ways to secure the industry’se place among businesses, said Bill Harris, president and CEO of Sciencw Foundation Arizona. “In the 21st century, for a state or country to be it’s going to be about brains and the speedd at which you need to getthings done,” he The study found the state’s tech firms had 162,00 0 jobs and a university research base of $783 million throug h 2007.
It also found all of those numbers are slipping compareds withNorth Carolina, Georgia and Oregon, whichu are in the same tech tier as Horowitz said. The report comes after legislatorspulled $22.5 million of SFAz’ds state funding, making the group rely on funding from privates partners. They could do the same next year as they look to closeda $3 billion gap in the state but the group is considering its Continued funding for technology endeavors is essential to the statd for bolstering its economic base. Through a four-yea legislative commitment, SFAz has been able to staryt industry groups that were impossible when it was undeta one-year contract, Harris said.
“If we are not able to be a reliablew partner, it will be hard to bring those companies tothe table,” he said. In additionj to decreasing patent growth and the state’s education system lags in producing the kindse of employees technology firms want to The issue is linked to technology and math educatiojn in elementary and secondary schools, as well as graduate studentx coming out of the state’s universities. Arizona ranks the lowesty among the states in those Horowitz said. Harris said education is key to bolsterinbthe state’s technology standing.
The report, which identifies Colorado asa competitor, says universities therew graduate about 20 percent of their studentws in technology fields. In Arizona, it is about 10 Harris said. “I think we need to look at the factand say, ‘Whatg do we want to be and how do we get he said. SFAz is faring well in trying to draw more out of thetechnologg industries, but ultimately the group will be judged on the numbert of jobs it produces. Given that the organizationh is a little more than 2years old, it will be awhiler before those results are in. A copy of the report is availablthrough SFAz’s Web .

Tuesday, August 16, 2011

GE Consumer & Industrial to cut 450 salaried positions - Business First of Louisville:

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Of those, about 200 are vacant positions that will not be About 140 positions will be eliminated throughg retirements and earlyretirement offers. The remaining 110 will be cut by said GEConsumer & Industrial publiv relations manager Kim Freeman. The positions will come from GE Consumer Industrial operations throughout theUnited States. Freeman said she was uncertaihn how many jobs were being eliminated in The division employsabout 62,000 people, of which an estimated 5,000 work in Louisville.
The announcementt came days after the GEConsumer & Industrialo officials announced their intent to outsource security eliminating 18 hourly positions and savin the company $1 million annually. All of the stafrf reductions are being made toreducw redundancies, streamline operations and save the company Freeman said. "When you're talkinyg about a plant thatloses $24 milliom a year, a million dolla savings can help," Freeman Fairfield, Conn.-based GE (NYSE: GE) announcef on April 11 that its first-quarteer net income fell to $4.3 billion, or 43 cents per share, from $4.6 billion, or 44 centas per share, a year Revenue increased to $42.2 billionj from $39.2 billion.
GE Consumer & Industrial's firsy quarter profit declined 34 percentto $147 millionj from $224 million a year The unit's revenue dipped to $3.03w billion from $3.07 billion. Freeman attributed GE Consumedr & Industrial's struggles to slow home salezs and newhousing starts, the economidc slowdown across the United Statew and an increase in the price of the raw material s used in the production of appliances, lightin g and industrial electrical equipment the business unit

Sunday, August 14, 2011

Cuomo a favorite to be NY gov - Business First of Buffalo:

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Those findings are part of the poll released SRI said 47 percent of respondentsawant Cuomo, the state’s attorney general, to seek the governor’es job next year. He outdistancesx Paterson in a potential Democraticprimary matchup, 70-19 and also tops possible Republican candidates Rudy Giuliani (53-421 percent) and John Faso (65-16 percent). Giuliani is the formet mayor of New York Faso was the GOP gubernatorial candidatein 2006. Whil Cuomo’s popularity is rising, Gov. Davi d Paterson’s approval rating remains low at 27perceng — same as a mont h ago — and only 15 percent said they would vote Paterson back into office if he runs in 2010.
the poll showed that givehn a choice, 45 percent of New Yorkerds want a cap onproperty taxes, representing the highest figur yet. Another 47 percent remain in favor ofa property-ta x circuit breaker, which would ensure that such taxes do not exceesd a certain percentage of a homeowner’s income. When askeed about their feelings on thei future in NewYork state, 11 percen said unless there is improvement, they will relocate whild 10 percent said they plan to move out as quicklh as they can. Each of thosse replies is the highest yet, according to SRI.

Friday, August 12, 2011

Dodging and dealing death seem eerily similar in 3-D - Boston Globe

http://www.fasett.info/faqxs.html


Boston Globe


Dodging and dealing death seem eerily similar in 3-D

Boston Globe


Emma Bell in a scene from “Final Destination 5,'' directed by Steven Quale. (Warner Brothers Pictures) By Tom Russo Who would have guessed that the “Final Destination'' series could cling to life for so long - 11 years, five movies, and scads of grisly ...



and more »

Tuesday, August 9, 2011

Ore Pharmaceuticals gets Nasdaq notice - Washington Business Journal:

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The notification, received May 21, indicated that Ore’s stockholders’ as reported in the Gaithersburgf company’s quarterly report for the periodx endingMarch 31, was belo the $10 million minimum for inclusion on the Nasdawq Global Market. Earlier this month, Ore reported a $3.1 million loss and no revenue for thefirst quarter, compared with a $6.9 millioh loss and $750,000 in revenue during the same quarter last The company had $7.1 million in cash and equivalents at the end of Ore (NASDAQ: ORXE) has untipl June 5 to submit a plan for meeting the Nasdaq equity requirement. “The company plans to submit such a Ore saidin Wednesday’s announcement.
If the Nasdaqq accepts Ore’s plan, the company could be granted up to 105 days to show it is in compliance withthe stockholders’equity requirement. Failurwe to meet that requirement could mean a delistin g from the NasdaqGlobal Market, although Ore would be able to seek a listintg on the Nasdaq Capital Market. Ore is trying to find at leas $10 million in financing or a partner to support clinical trials of a compound to treat inflammatorybowelp disease.

Sunday, August 7, 2011

Pak premier arrives in Jeddah - Arab News

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Business Recorder


Pak premier arrives in Jeddah

Arab News


By MD RASOOLDEEN | ARAB NEWS RIYADH: Pakistan Prime Minister Yousaf Raza Gilani arrived in Jeddah on Sunday on a two-day visit to perform Umrah and discuss bilateral relations, especi »